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Category: Business

  • MIL-OSI Asia-Pac: Revolutionizing Mobility

    Source: Government of India

    Revolutionizing Mobility

    The Make in India Auto Story

    Posted On: 25 MAR 2025 5:39PM by PIB Delhi

    Key Takeaways

    • Make in India has boosted domestic car production and EV manufacturing.
    • The automobile sector contributes approximately 6% to India’s national GDP
    • Vehicle production grew from 2 million (1991-92) to 28 million (2023-24).
    • Automobile exports reached 4.5 million units in FY 2023-24.
    • US $36 billion FDI attracted in the past four years.
    • 4.4 million EVs registered, with 6.6% market penetration.
    • PLI & PM E-DRIVE schemes supporting EV and battery manufacturing.
    • GST on EVs reduced from 12% to 5%.
    • India’s auto component sector contributes 2.3% to GDP and employs 1.5 million people directly.
    • The sector grew at a CAGR of 8.63% from FY16-FY24.
    • Exports reached US$ 21.2 billion in FY24 and are projected to hit US$ 30 billion by 2026.
    • The government is actively promoting electric mobility and advanced automotive technologies.

     

    Introduction

    Launched in 2014, the Make in India initiative has significantly transformed India’s automobile industry, fostering domestic car production and accelerating electric vehicle (EV) manufacturing. Over the past decade, policy reforms, fiscal incentives, and infrastructure development have positioned India as a key global automotive hub. The sector has attracted substantial investments, spurred innovation, and increased localization, contributing to economic growth and sustainability.

     

    The Indian auto industry is one of the fastest-growing sectors. It embarked on a new journey in 1991 with the de-licensing of the sector and subsequent opening up for 100 percent FDI through the ‘automatic route’.  Since then, almost all the global majors have set up their manufacturing facilities in India, taking the level of production of vehicles from 2 million in 1991-92 to around 28 million in 2023-24.

     

     

    The turnover of the Indian automotive industry is about USD 240 billion (20 Lakh Crore), which translates into a large contribution to the country’s economy and manufacturing sector. As per the Annual Report 2024-25 of the Ministry of Heavy Industries, around 30 million jobs (Direct: 4.2 million and Indirect: 26.5 million) are supported by the Indian Auto Industry.  Indian Automotive Industry exported vehicles and auto components amounting to about USD 35 billion. In terms of global standing, India is the largest manufacturer of three-wheelers, among the top 2 manufacturers of two-wheelers in the world, the top 4 manufacturers of passenger vehicles, and the top 5 manufacturers of commercial vehicles in the world.

     

    Auto Components Industry in India

    The auto component sector is one of the key pillars of India’s manufacturing industry, supplying critical parts and systems to domestic vehicle manufacturers and exporting to major global markets. The industry covers a broad spectrum of products, including engine parts, transmission systems, braking systems, electrical and electronics components, body and chassis parts, and more. India has become a preferred destination for auto component manufacturing due to its cost competitiveness, skilled workforce, and strong policy support. The auto component sector is expected to reach the $100 billion export target by 2030 making the sector one of the largest job creators in the country.

    Overview of the Auto Components Industry

    Contribution to GDP

    2.3%

    Direct Employment

    1.5 million people

    Industry Turnover (FY24)

    Rs. 6.14 lakh crore (US$ 74.1 billion)

    Domestic OEM Supply Share

    54%

    Export Share

    18%

    CAGR (FY16-FY24)

    8.63%

    Export Value (FY24)

    US$ 21.2 billion

    Projected Exports (2026)

    US$ 30 billion

     

    India’s auto component sector contributes 2.3% to India’s GDP, directly employing over 1.5 million people. The sector’s turnover in FY24 was Rs. 6.14 lakh crore (US$ 74.1 billion), with domestic OEM supplies making up 54%, and exports contributing 18%. Over FY16-FY24, the industry grew at a CAGR of 8.63%. In FY24, exports reached US$ 21.2 billion, with a trade surplus of US$ 300 million, and are projected to hit US$ 30 billion by 2026.

     

    The Indian auto components industry exports over 25% of its production annually. By FY28, the Indian auto industry aims to invest US$ 7 billion to boost the localisation of advanced components like electric motors and automatic transmissions by reducing imports and leveraging the “China Plus One” trend. In 2023, the auto component industry achieved a 5.8% reduction in imports over two years. The majority of the components sold to Original Equipment Manufacturers (OEMs) are engine components (26%), body/chassis/BIW (14%), suspension and braking (15%), drive transmission and steering (13%), and electricals & electronics (11%). Major exports are to Europe (US$ 6.89 billion), followed by North America (US$ 6.19 billion) and Asia (US$ 5.15 billion).

    Growth in Domestic Automobile Production

    The automobile sector contributes approximately 6% to India’s national GDP, with exports reaching 4.5 million units across all categories in FY 2023-24, including 6.72 million passenger vehicles and 3.45 million 2-wheelers. Global automotive companies like Skoda Auto Volkswagen India exporting 30% of their production and Maruti Suzuki exporting around 2.8 lakh units annually, exemplify this trend.

    The sector has attracted $36 billion in Foreign Direct Investment (FDI) over the past four years, highlighting India’s growing prominence in the global automotive landscape. Major international players are making substantial commitments, with Hyundai planning a USD 4 billion (INR 33,200 Crore) expansion, while Mercedes-Benz has pledged USD 360 million (INR 3,000 Crore). Recently, Toyota announced a USD 2.3 billion (INR 20,000 Crore) investment to further increase its capacity.

    Electric Vehicle (EV) Manufacturing Boom

    The country is also advancing in sustainable mobility, with 4.4 million Electric Vehicles (EV) registered by August 2024, including 9.5 lakh in the first eight months of 2024, achieving a 6.6% market penetration. To support this growth, the government has implemented initiatives such as the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) battery storage. In the 2024-25 Budget, the government allocated INR 2,671.33 crore under the FAME scheme and proposed the exemption of customs duties from the import of critical minerals required for EV cell components manufacturing.

    Additionally, in March 2024, the Electric Mobility Promotion Scheme (EMPS) was launched with an INR 500 Crore outlay for four months, specifically targeting support for the two and three-wheeler segments to expedite the transition to electric vehicles. These initiatives align with the recent discovery of lithium deposits in Jammu & Kashmir, positioning India to become a key player in the global battery manufacturing industry in the coming years. The Indian EV sector is likewise developing quickly and is predicted to record a growth of USD 113.99 billion in 2029.

    As per the inputs provided by Society of Indian Automobile Manufacturers (SIAM), the total annual production of Electric Vehicles (EVs) in India during the last five years, year-wise is as given below:

     

    The Ministry of Heavy Industries has formulated the following schemes to promote electric vehicles (EVs) and to address the various challenges faced in adoption of electric mobility including availability and accessibility of charging stations in the country:

    1. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme Phase-II: The Government implemented this scheme for a period of five years from 1 April 2019 with a total budgetary support of INR 11,500 Crore. The scheme incentivised e-2Ws, e-3Ws, e-4Ws, e-buses and EV public charging stations. The Department of Heavy Industries has also sanctioned 2636 charging stations in 62 cities across 24 States/UTs under phase II. State-wise allocation of these charging stations is as follows:

     

    1. Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India (PLI-Auto): The Government notified this scheme on 23 September 2021 for Automobile and Auto Component Industry in India for enhancing India’s manufacturing capabilities for Advanced Automotive Technology (AAT) products with a budgetary outlay of INR 25,938 Crore. The scheme proposes financial incentives to boost domestic manufacturing of AAT products with minimum 50% Domestic Value Addition (DVA) and attract investments in the automotive manufacturing value chain.

     

    Feature

    Details

    Budgetary Outlay

    Rs. 25,938 crore

    Target Years

    FY 2022-23 to FY 2026-27

    Domestic Value Addition

    Minimum 50%

    Focus

    Advanced Automotive Technology (AAT) products

    Targeted Technologies

    Electric Vehicles (EVs) and Hydrogen Fuel-Cell Components

    Incentives for EVs and Hydrogen Fuel-Cell Components

    13% – 18%

    Incentives for AAT components

    8% – 13%

    Investment Attraction

    Global OEMs

    Eligibility

    Both domestic and export sales

     

    1. PLI Scheme for Advanced Chemistry Cell (ACC): The Government on 12 May 2021 approved PLI Scheme for manufacturing of ACC in the country with a budgetary outlay of INR 18,100 Crore. The scheme aims to establish a competitive domestic manufacturing ecosystem for 50 GWh of ACC batteries.
    2. PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme: This scheme with an outlay of INR 10,900 Crore was notified on 29 September 2024. It is a two-year scheme which aims to support electric vehicles including e-2W, e-3W, e-Trucks, e-buses, e-Ambulances, EV public charging stations and upgradation of vehicle testing agencies.
    3. PM e-Bus Sewa-Payment Security Mechanism (PSM) Scheme: This Scheme notified on 28 October 2024, has an outlay of INR 3,435.33 Crore and aims to support deployment of more than 38,000 electric buses. The objective of scheme is to provide payment security to e-bus operators in case of default by Public Transport Authorities (PTAs).
    4. Scheme for Promotion of Manufacturing of Electric Passenger Cars in India (SMEC) was notified on 15 March 2024 to promote the manufacturing of electric cars in India. This requires applicants to invest a minimum of INR 4,150 crore and to achieve a minimum DVA of 25% at the end of the third year and DVA of 50% at the end of the fifth year.

    Measures taken by other Ministries include the following initiatives:

    1. Ministry of Power has issued guidelines and standards for EV Charging Infrastructure titled, “Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024” on 17 September 2024.  These revised guidelines outline standards and protocols to create a connected & interoperable EV charging infrastructure network in the country. 
    2. Ministry of Finance has reduced GST on EVs from 12% to 5%.
    3. Ministry of Road Transport & Highways (MoRTH) announced that the battery-operated vehicles will be given green plates and be exempted from permit requirements.
    4. Ministry of Housing and Urban Affairs has amended the Model Building Bye-Laws, mandating the inclusion of charging stations in private and commercial buildings.

    Conclusion

    The Make in India initiative has driven unprecedented growth in India’s automobile sector and Indi’s auto component sector, significantly boosting domestic car production and EV manufacturing. Through sustained policy support, investment influx, and technological advancements, India is on track to becoming a global leader in automotive and electric mobility and achieving greater self-reliance in the automotive sector.

    References

    https://e-amrit.niti.gov.in/national-level-policy

    https://www.investindia.gov.in/sector/automobile

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2084148

    https://www.makeinindia.com/6-superstar-sectors-boosting-make-india

    https://sansad.in/getFile/annex/266/AU2160_wHAoIx.pdf?source=pqars

    https://www.startupindia.gov.in/content/sih/en/bloglist/blogs/automobiles.html

    https://www.heavyindustries.gov.in/sites/default/files/2025-02/heavy_annual_report_2024-25_final_27.02.2025_compressed.pdf

    https://sansad.in/getFile/loksabhaquestions/annex/183/AU1262_4BzeHa.pdf?source=pqals

    https://static.pib.gov.in/WriteReadData/specificdocs/documents/2024/sep/doc2024925401801.pdf

    https://www.investindia.gov.in/sector/auto-components

    https://heavyindustries.gov.in/pli-scheme-automobile-and-auto-component-industry

    https://www.myscheme.gov.in/schemes/plisaaci

    https://pib.gov.in/PressReleasePage.aspx?PRID=2053179

    https://pib.gov.in/PressReleasePage.aspx?PRID=2085938

    https://invest.up.gov.in/auto-components-sector/

    Click here to see in PDF:

    Santosh Kumar | Sarla Meena | Rishita Aggarwal

    (Release ID: 2114919) Visitor Counter : 61

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Principal dinner sets stage for Wealth for Good in Hong Kong Summit

    Source: Hong Kong Government special administrative region

         Over 130 influential family office principals and family members from the Mainland, Asia, Europe, the Americas and the Middle East gathered at a principal dinner organised by the Government this evening (March 25) to set the stage for the third edition of the annual Wealth for Good in Hong Kong Summit (WGHK) to be held tomorrow (March 26), reaffirming the city’s role as a premier global hub for family offices.
     
         In his welcome remarks, the Acting Chief Executive, Mr Chan Kwok-ki, said, “Hong Kong is a ‘super connector’ bringing together people and ideas. We are a platform for visionaries looking to create lasting legacies, a dynamic hub where your offices and families can flourish.”
     
         The evening was graced with the presence of notable speakers Ms Maye Musk and the Vice-Chancellor of the University of Oxford, Professor Irene Tracey, at an inspiring fireside chat moderated by the Director-General of Investment Promotion at Invest Hong Kong, Ms Alpha Lau. The speakers shared their insights on women’s influence in leadership and legacy-building with a focus on the critical role of female leadership in shaping the future of business, innovation, and societal progress. The engrossing session fostered an atmosphere of collaboration, paving the way for insightful discussions and new partnerships at tomorrow’s summit, themed “Hong Kong of the World, for the World”.
     
         The event also charmed visitors with a captivating lion ballet performance against the dazzling night view of Victoria Harbour, amazing the attendees with a unique blend of cultural richness and the city’s legendary skyline.
     
         The WGHK will take place tomorrow afternoon with over 300 participants. The summit will not only convene principals and family members to discuss the future of wealth management in the region, but also encourage attendees to experience the city’s dynamic offerings through its vibrant neighbourhoods, dynamic arts scene and strong community spirit, which make the city an ideal destination for both families and businesses.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: BUDGET ALLOCATION

    Source: Government of India (2)

    Posted On: 25 MAR 2025 5:07PM by PIB Delhi

    Government of lndia is deeply committed to the well-being of farmers across the nation, which is evident through its remarkable increase in budget allocation for the Ministry of Agriculture & Farmers Welfare. The budget allocation for Ministry of Agriculture and Farmers Welfare has been increased from Rs 1,32,469.86 crore in 2024-25 to Rs 1,37,756.55 crore in 2025-26.

    As regard Pradhan Mantri Fasal Bima Yojana (PMFBY) it is informed that on account of several interventions by Government of India (GoI), the premium rates charged by the Insurance Companies under the scheme have significantly reduced and hence the premium liability of GoI has reduced.  In 2023-24 premium rate was 10.8% as compared to 15.9% in 2020-21.  It may be further noted that  Revised Estimates (2024-25) has been increased to Rs.15,864 crore as compared to  Rs.14,600 crore at Budget Estimates stage (2024-25). Further, Union Cabinet in its meeting held on 01.01.2025 has approved exemption from 10% mandatory allocation in North Eastern Region (NER) heads due to which funds which were surrendered in earlier years have been made available for utilisation for non-NER States which will significantly reduce past liabilities.  Keeping in mind the above, BE 2025-26 has been kept at Rs.12,242 crore.  Further,  the Union Cabinet in the meeting held on 01.01.2025  has also approved an increased outlay of Rs.69,515.71 crore under the scheme for the period 2021-22 to 2025-26.  Therefore, sufficient funds are available for additional allocation.

    Majority of the claims are settled within the stipulated timelines under the Operational Guidelines of the scheme by the insurance companies. However, during the implementation of PMFBY, some complaints against insurance companies about non-payment and/or delayed payment of claims; under payment of claims on account of incorrect/delayed submission of insurance proposals by banks; discrepancy in yield data & consequent disputes between State Government and insurance companies, delay in providing State Government share of funds, non-deployment of sufficient personnel by insurance companies etc., were received in the past which were suitably addressed as per the provisions of the scheme.

    Since the scheme is implemented by the State Government, therefore, in order to resolve the grievances/complaints including those related to claims of insured farmers, provision of Stratified Grievance Redressal Mechanism viz. District Level Grievance Redressal Committee (DGRC), State Level Grievance Redressal Committee (SGRC) has been made in the Revised Operational Guidelines of the Scheme. These committees have been given the detailed mandate as outlined in the Operational Guidelines for hearing the complaints/ grievances and to dispose them as per the stipulated procedure.

    To further improve the grievance redressal mechanism, Krishi Rakshak Portal and Helpline (KRPH) has been developed. A single Pan-India toll free number 14447 has been deployed and linked to the insurance companies database, where farmers can raise their grievances/issues. Timelines to resolve these grievances/issues has also been fixed.

    Department is regularly monitoring the functioning of insurance companies by various methods, including timely settlement of claims through weekly video conferences of all stakeholders, one to one meeting as well as National Review Conferences.

    Based on the experience gained, views of various stakeholders and with a view to ensure better transparency, accountability, timely payment of claims to the farmers and to make the scheme more farmer friendly, Government has periodically revised the Operational Guidelines of the PMFBY comprehensively to ensure that the eligible benefits under the scheme reach the farmers timely and transparently.

    This information was given by Minister of State for Agriculture and Farmer’s Welfare, Shri Ramnath Thakur in a written reply in Lok Sabha today.

    ******

     MG/KSR/RN

    (Release ID: 2114895) Visitor Counter : 80

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: Evolutions Flooring Inc. and Its Owners to Pay $8.1 Million to Settle False Claims Act Allegations Relating to Evaded Customs Duties

    Source: United States Attorneys General

    Evolutions Flooring Inc. (Evolutions), a South San Francisco, California-based importer of multilayered wood flooring, and its owners, Mengya Lin and Jin Qian, have agreed to resolve allegations that they violated the False Claims Act by knowingly and improperly evading customs duties on imports of multilayered wood flooring from the People’s Republic of China (PRC). The settlement is based on Evolutions’ and its owners’ ability to pay.

    “Import duties provide an important source of government revenue and level the playing field for U.S. manufacturers against their global competitors,” said Acting Assistant Attorney General Yaakov M. Roth of the Justice Department’s Civil Division. “The department will pursue those who seek an unfair advantage in U.S. markets, including by evading the duties owed on goods imported into this country from China.” 

    To enter goods into the United States, an importer must declare, among other things, the country of origin of the goods, the value of the goods, whether the goods are subject to duties, and the amount of duties owed. U.S. Customs and Border Protection (CBP) collects applicable duties, including antidumping and countervailing duties assessed by the Department of Commerce and Section 301 duties imposed by the Office of the United States Trade Representative. Antidumping duties protect against foreign companies “dumping” products on U.S. markets at prices below cost, while countervailing duties offset foreign government subsidies. Section 301 duties similarly protect U.S. industry by imposing trade sanctions on foreign countries that violate U.S. trade agreements or engage in other unreasonable acts that burden U.S. commerce. During the relevant time period, PRC-manufactured multilayered wood flooring products were subject to antidumping, countervailing, and Section 301 duties.

    The settlement resolves allegations that Evolutions, at the direction of Lin and Qian, knowingly and improperly evaded customs duties, including antidumping, countervailing, and Section 301 duties, on multilayered wood flooring manufactured in the PRC that Evolutions imported between Sept. 1, 2019 and July 31, 2022. Among other things, the United States alleged that Evolutions caused false information to be submitted to CBP regarding the identity of the manufacturers and country of origin of the imported multilayered wood flooring.

    “The outcome of this case demonstrates that the United States Attorney’s Office for the Central District of California and its CBP partners will continue to safeguard the nation’s economic well-being,” said Acting U.S. Attorney Joseph McNally for the Central District of California. “Fraud in international commerce deprives the United States of vital revenue and creates an unfair advantage over businesses that operate legitimately. The settlement sends a message that we will not stand aside when companies try to cheat the system.”

    “The team at CBP was instrumental in providing expertise and logistical support to this investigation,” said Director of Field Operations Cheryl M. Davies of the CBP Los Angeles Field Office. “Through its efforts, which included a site visit to factories in Thailand, review of identified shipments by CBP experts on multilayered wood flooring, an analysis of import records and data by Office of Trade Regulatory Audit, and involvement in interviews with witnesses, CBP contributed to a successful outcome in this matter.”

    The settlement with Evolutions and its owners resolves a lawsuit filed by Urban Global LLC under the whistleblower provision of the False Claims Act, which permits private parties to file suit on behalf of the United States for false claims and share in a portion of the government’s recovery. The civil lawsuit was filed in the Central District of California and is captioned United States ex rel. Urban Global LLC v. Struxtur Inc. et al., No. CV20-7217 (C.D. Cal.). As part of today’s resolution, relator Urban Global LLC will receive approximately $1,215,000 of the settlement proceeds.

    The resolution obtained in this matter was the result of a coordinated effort between the Civil Division’s Commercial Litigation Branch, Fraud Section, and the U.S. Attorney’s Office for the Central District of California, with assistance from CBP’s Office of Chief Counsel, West Region and Trade Regulatory Audit and the Center of Excellence and Expertise for Industrial and Manufacturing Materials within CBP’s Office of Trade.

    Senior Trial Counsel Christelle Klovers of the Justice Department’s Civil Division and Assistant U.S. Attorney Desmond Jui for the Central District of California handled the case. 

    The claims resolved by the settlement are allegations only; there has been no determination of liability.

    MIL Security OSI –

  • MIL-OSI Submissions: Australia – Melbourne startup HiveKeepers transforms the future of backyard beekeeping worldwide with clean, fast, zero-waste honey extraction

    Source: HiveKeepers

    Melbourne, Australia – Australian startup HiveKeepers has officially launched the Micro Honey Harvester, a world-first innovation designed to revolutionise honey harvesting for backyard and small-scale beekeepers.

    Launching today on Kickstarter, this groundbreaking benchtop device makes it possible to extract fresh, pure honey from the hive in under five minutes—without bulky equipment, sticky messes, or disruption to the bees.

    “We’re not changing the ancient art of beekeeping – but for the first time, we’ve taken the difficult labour out of harvesting and made fresh honey instantly accessible for anyone, anytime” said Simon Mildren. Founder of HiveKeepers.

    A World-First Innovation for Backyard Beekeepers

    The Micro Honey Harvester is a compact, purpose-built system that works with HiveKeepers’ patent-pending frame and cassette technology. Replacing a traditional Langstroth frame inside the hive, the cassette is filled naturally by the bees.Once full, the beekeeper simply removes the cassette, inserts it into the Micro Honey

    Harvester, and with the push of a button, honey is extracted in just 20 seconds – clean, unprocessed, and ready to enjoy.

    No knives. No filters. No sticky clean-up. Just pure honey, harvested at home with minimal effort.

    Why the Micro Honey Harvester Matters

    ● Instant Honey Extraction – From hive to jar in under 5 minutes

    ● No Filtering – A completely closed system with no debris and no processing

    ● Bee-Friendly Design – Minimal hive disruption and no harm to bees

    ● Compact & Portable – About the size of a small coffee machine, ideal for benchtop or bee yard use

    ● Eliminates Honey Fraud – Pure, traceable honey straight from your hive.

    “Beekeepers have long been stuck using harvesting tools built for commercial operators,” Mildren added. “This is the first time a solution has been created specifically for backyard beekeepers – making the experience simple, clean, and more rewarding.”

    Designed in Australia, Built for the World

    The Micro Honey Harvester is 100% Australian designed and made, with global interest already building ahead of launch. Developed in collaboration with industrial designers and experienced beekeepers, it supports smaller, more frequent harvests – giving beekeepers more time to focus on hive health and bee care.

    HiveKeepers believes this innovation will have a global impact, reshaping how hobbyists engage with honey production while supporting sustainable beekeeping practices worldwide.

    “This is just the beginning,” says Mildren. “Our vision is a future where harvesting honey is as easy and accessible as making coffee from a pod, no mess, no stress, no waste.”

    Kickstarter Campaign Now Live

    The Micro Honey Harvester is now available for pre-order via Kickstarter (RRP$424 USD $674 AUD), with early access and limited-edition rewards available to backers worldwide.

    The company expects strong demand from international hobbyists, educators, sustainable farming communities, and bee health advocates.Visit HiveKeepers: www.hivekeepers.com

    About HiveKeepers

    Founded in Melbourne, Australia, HiveKeepers is on a mission to make beekeeping more accessible, sustainable, and rewarding for everyday people. By designing innovative tools like the Micro Honey Harvester, HiveKeepers is empowering a new generation of hobbyist beekeepers around the world – one hive at a time.

    MIL OSI – Submitted News –

  • MIL-OSI USA: Warren Statement on Senate Advancing Dr. Oz’s Nomination

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    March 25, 2025

    Washington, D.C. – Following Senate Finance Republicans’ vote to advance Dr. Mehmet Oz’s nomination for head of the Center for Medicare and Medicaid Services (CMS), U.S. Senator Elizabeth Warren (D-Mass.) released the following statement: 

    “Dr. Oz’s plans to privatize Medicare would deliver worse care to 66 million Americans and waste billions of taxpayer dollars – all while giving giant insurance companies a fat paycheck. Donald Trump and Elon Musk are already gutting Social Security. The Trump administration does not care about America’s seniors.”

    MIL OSI USA News –

  • MIL-OSI USA: Africa Subcommittee Chairman Smith Delivers Opening Remarks at Hearing on the CCP’s Influence on Critical Minerals in Africa

    Source: US House Committee on Foreign Affairs

    Media Contact 202-226-8467

    WASHINGTON, D.C. – Today, House Foreign Affairs Africa Subcommittee Chairman Chris Smith delivered opening remarks at a subcommittee hearing titled, “Metals, Minerals, and Mining: How the CCP Fuels Conflict and Exploitation in Africa.” 

    Watch Here

    -Remarks- 

    The extraction of valuable minerals has long been a double-edged sword for many African nations. While these resources hold the potential for economic development, their exploitation—particularly when managed irresponsibly or under corrupt regimes—has often fueled violence and instability. The Democratic Republic of Congo has vast mineral wealth, especially in cobalt and gold and other very, very important minerals, which has been a significant driver of conflict. Illicit gold mining also fuels conflict in Ethiopia and Sudan. Armed groups have profited from the extraction and smuggling of these resources, financing their operations and perpetuating cycles of violence. The United Nations has reported that mineral smuggling finances warfare, with various military forces and commanders exploiting illegal mining for personal gain.

    In the DRC, there’s also estimated more than 70% of the world’s cobalt—some say as much as 75%—an essential mineral for lithium-ion batteries for smartphones, computers, and electric vehicles, is extracted there with bare hands of thousands, in some estimates put as high as 35,000 children, by one of our witnesses today, Mr. Les Lenet. Thank you for your very heavily footnoted testimony. If that were not horrible enough, the 2024 Trafficking in Persons Report also stated that “observers noted that children in mining areas are vulnerable to sexual violence, including sex trafficking, in part due to traditional religious beliefs that harming children could protect against death or ensure successful mining,” end quote—an absurdity, but that’s what has been said.

    China’s near-monopoly over the output and processing of Africa’s mineral resources ensures that these abuses continue unchecked. The expansion of illicit gold mining in Ethiopia has exacerbated existing conflicts as well. Regional states and non-state armed actors vie for control over mining concessions, using the revenues to bolster their influence and in some cases to challenge state authority. This competition has intensified local disputes and undermined efforts toward national cohesion. In Sudan, gold mining operations have been linked to funding armed conflicts. The control over lucrative mining areas often leads to violent confrontations between various factions, further destabilizing the region and hindering peace efforts.

    Illegal mining has led to environmental degradation and social unrest. The involvement of foreign entities, including Chinese nationals, in these operations has strained local communities and contributed to tensions between populists and the authorities. In response to these challenges, I have reintroduced the Cobalt Supply Chain Act. This legislation aims to ensure that goods made using or containing cobalt refined in the People’s Republic of China do not enter the U.S. market—addressing concerns that such cobalt is extracted and processed with the use of child and forced labor in the DRC. Then it comes back in our defense and commercial supply chains. Security is a national security issue, and the reliance on China for these critical minerals is a clear vulnerability to the United States and to the Western world.

    As Co-Chair of the Congressional-Executive Commission on China, I held a hearing in November of 2023 that highlighted the problem of Chinese Communist Party dominance in the DRC’s cobalt supply chain and how China profits from these unethical mining practices. I also chaired a hearing in July of 2022 at the Tom Lantos Human Rights Commission on child labor and human rights violations in the mining industry of the DRC. One of our expert witnesses then said that child labor is one of the worst forms of child abuse—and that’s absolutely true. It is forbidden by both Congolese legislation as well as international rules and norms, and yet it continues.

    The greatest beneficiaries of this system—China. China’s state-owned mining companies remain silent, refusing to confront an undeniable reality. From dirt to battery, from cobalt to cars, the entire supply chain is built on violence, exploitation, and corruption. This must change, and the time for change is now.

    President Trump’s executive order for “immediate measures to increase American mineral production” is a crucial step toward strengthening our domestic supply chains. This action will create American jobs, drive economic growth, and reduce our reliance on foreign adversaries. The United States must break its dependence on minerals that finance the Chinese Communist Party, often extracted through forced child labor, and stop indirectly supporting the CCP’s efforts to fuel instability and regional conflict in Africa.

    At the same time, as the CCP tightens its grip on global mineral markets, the U.S. must take decisive action. In line with this strategy, the U.S. Department of State has signaled openness to forming direct critical mineral partnerships with the DRC—an opportunity to strengthen collaboration in securing resources essential for our technological advancement and national security.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Shapiro Administration Welcomes Staff to Newly Renovated Flexible Office in North Office Building as Part of Space Optimization Utilization Projectthat Will Improve Office Space & Save the Commonwealth Tens of Millions of Dollars

    Source: US State of Pennsylvania

    March 25, 2025 – Harrisburg, PA

    Shapiro Administration Welcomes Staff to Newly Renovated Flexible Office in North Office Building as Part of Space Optimization Utilization Projectthat Will Improve Office Space & Save the Commonwealth Tens of Millions of Dollars

    The Department of General Services (DGS) Secretary Reggie McNeil was joined by Office of Administration (OA) Secretary Neil Weaverto open a newly redesigned, flexible office space for staff in the North Office Building as part of the Shapiro-Davis Administration’s Space Optimization Utilization Project (SOUP). The SOUP initiative is the Commonwealth’s first comprehensive review of its real estate portfolio to improve operational efficiency – enhancing the use of state-owned properties, providing modern, flexible workspaces for employees, driving long-term efficient use of real estate, and delivering more centralized, convenient service centers for taxpayers. The space optimization initiative will reduce the Commonwealth’s leased space and enhance Commonwealth-owned facilities to meet evolving workforce needs while generating tens of millions in savings by 2033.

    Speakers in Order:
    Reggie McNeil – Secretary, Department of General Services
    Neil Weaver – Secretary, Office of Administration
    Catherine Califano – Deputy Secretary of Business Operations, Dept. of General Services

    MIL OSI USA News –

  • MIL-OSI USA: Governor Shapiro Stands Up for Pennsylvania Farmers, Appeals USDA’s Unlawful Decision to Cancel Local Food Purchasing Assistance Program

    Source: US State of Pennsylvania

    March 25, 2025 – Harrisburg, PA

    Governor Shapiro Stands Up for Pennsylvania Farmers, Appeals USDA’s Unlawful Decision to Cancel Local Food Purchasing Assistance Program

    Governor Josh Shapiro announced his Administration is appealing the U.S. Department of Agriculture’s (USDA) unlawful termination of the Local Food Purchasing Assistance (LFPA) Program, which provides funds to Pennsylvania’s farmers who supply local food banks with fresh produce. The Governor has directed Pennsylvania Department of Agriculture (PDA) Secretary Russell Redding to immediately challenge USDA’s abrupt and irrational decision to cancel Pennsylvania’s $13 million contract for the LFPA program – which supports 189 Pennsylvania farms and 14 food banks across the Commonwealth.

    Over the past two and a half years, the PDA has driven out more than $28 million in federal funding from the LFPA program to local farmers across the Commonwealth – and in return, food banks have gotten fresh, local food from Pennsylvania farmers to help them feed our most vulnerable neighbors. That same program was set to provide $13 million over the next three years to support the purchase of more fresh, locally grown food for food banks. However, earlier this month, the Shapiro Administration received notice from the federal government that they were abruptly canceling Pennsylvania’s contract. This reckless cut comes amid increased strain the federal government is imposing on Pennsylvania farmers through reckless tariffs.

    Governor Shapiro announced that his Administration is taking this action after hosting a roundtable discussion with local leaders and farmers from Adams, Cumberland, and Schuylkill counties at the Central PA Food Bank.

    List of Speakers:
    Joe Arthur, CEO of the Central Pennsylvania Food Bank
    Governor Shapiro
    Amy Brickner, who runs Destiny Dairy Bar
    Chris Hoffman, President of the Pennsylvania Farm Bureau
    Secretary Russell Redding, Pennsylvania Department of Agriculture
    Representative Justin Fleming

    MIL OSI USA News –

  • MIL-OSI USA: BLAIR COUNTY – Governor Shapiro to Visit Penn England Farms, Highlight Administration’s Plan to Lower Energy Costs for Rural Communities & Farmers

    Source: US State of Pennsylvania

    March 26, 2025 – Williamsburg, PA

    ADVISORY – BLAIR COUNTY – Governor Shapiro to Visit Penn England Farms, Highlight Administration’s Plan to Lower Energy Costs for Rural Communities & Farmers

    Governor Josh Shapiro will visit Penn England Farms to highlight a key component of his energy plan – known as the Lightning Plan – that will help lower energy costs for agriculture producers and rural communities. The Governor’s proposal would allow Pennsylvanians to jointly share energy resources to lower their costs, such as a group of farmers using a methane digester.

    WHO:
    Governor Josh Shapiro
    Secretary Russell Redding, Department of Agriculture
    Mark Heeter, Blair County Farm Bureau
    Steven McKnight, Blair County Alliance for Business & Economic Growth
    Yvette Longenecker, Penn-England Farms

    WHEN:
    Wednesday, March 26, 2025, at 11:30 AM

    WHERE:
    Penn England Farms
    10290 Fox Run Road,
    Williamsburg, PA 16693

    LIVE STREAM:
    pacast.com/live/gov
    governor.pa.gov/live/

    RSVP:
    Press who are interested in attending must RSVP with the names and phone numbers for each member of their team to ra-gvgovpress@pa.gov.

    MIL OSI USA News –

  • MIL-OSI: True North Mortgage Welcomes 25+ Former Rocket Mortgage Canada Employees, Expands Windsor and Quebec Presence

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, March 25, 2025 (GLOBE NEWSWIRE) — True North Mortgage, one of Canada’s largest mortgage brokerages, today announced the strategic hiring of over 25 former Rocket Mortgage Canada employees. This move significantly bolsters its team and reinforces its commitment to the Canadian mortgage market. This move follows the recent announcement of Rocket Mortgage Canada’s closure of operations.

    True North Mortgage is pleased to provide employment opportunities to nearly two-thirds of Rocket Mortgage Canada’s front-line mortgage professionals. The company will also maintain an office presence in Windsor, Ontario, ensuring continuity for employees and contributing to the local economy. In addition, the hiring of experienced former Rocket mortgage professionals in Montreal marks True North’s entry into the Quebec market, expanding its reach and service offerings to French-speaking Canadians.

    “As a 100% Canadian company, investing in these salaried jobs to support the next stage of our growth makes perfect sense, and we’re excited to welcome these highly skilled and experienced mortgage agents to the True North Mortgage family,” said Amanda Magee, Chief Growth Officer of True North. “Their expertise and dedication will be invaluable as we continue to provide Canadians with tailored mortgage solutions. We are confident they will thrive in our dynamic and supportive environment.”

    True North’s proactive recruitment approach aligns with its ambitious growth plans. The company aims to add 30 new mortgage agents in 2025 and is delighted to have achieved this goal ahead of schedule with the addition of such capable and well-trained professionals.

    “We recognize the challenging circumstances faced by the former Rocket Mortgage Canada team and can appreciate the hurdles shouldered by their senior leadership,” said Dan Eisner, CEO of True North. “They built a strong and talented team in a highly competitive market, and we commend their efforts. We are honoured to provide a new home for many of their exceptional employees.”

    True North Mortgage is committed to providing Canadians from coast to coast with transparent, unbiased, and expert mortgage advice. Focusing on technology and personalized service, the company continues to lead the industry in innovation and client satisfaction.

    About True North Mortgage:

    True North Mortgage is one of Canada’s top mortgage brokerages, offering a wide range of mortgage products and services. Committed to transparency and client service, True North Mortgage empowers Canadians to make informed mortgage decisions that help them save money.

    Contact:

    Cheryl Dawes, Content Manager, True North Mortgage
    cheryl.dawes@truenorthmortgage.ca

    The MIL Network –

  • MIL-OSI NGOs: Greenpeace USA x ACLU Op-Ed

    Source: Greenpeace Statement –

    Greenpeace US Attorney, Deepa Padmanabha, left, talks with Greenpeace USA Interim Executive Director Sushma Raman, center, and Greenpeace International General Counsel Kristin Casper. © Tim Aubry / Greenpeace

    WASHINGTON, D.C. (March 25, 2025) — In an op-ed published in The Guardian, Greenpeace Inc. and Greenpeace Fund Interim Executive Director Sushma Raman alongside ACLU executive director Anthony Romero discuss how the recent $660m judgment against Greenpeace USA poses a serious threat to free speech and protest rights.

    Excerpts from the piece follows:

    The verdict that threatens free speech 

    The First Amendment guarantees freedom of speech and freedom of assembly. It will have little meaning if multi-billion dollar corporations can sue peaceful protestors out of existence for their speech. Yet, that’s exactly what was decided in a small courtroom in Morton County, North Dakota. 

    Energy Transfer – a Dallas-based fossil fuel company that is responsible for the Dakota Access Pipeline (DAPL) – sued two Greenpeace entities in the U.S. (Greenpeace Inc. and Greenpeace Fund), and Greenpeace International. Energy Transfer was awarded more than US$660 million in a highly watched, month-long case. Greenpeace will appeal the verdict.

    …

    The ruling in the Energy Transfer case could have wide ranging consequences on First Amendment rights in the U.S. By attempting to hold Greenpeace liable for everything that happened at Standing Rock, the case attempts to establish the idea that, for any participation in a protest, you can be held liable for the actions of other people, even if you’re not associated with them or if they’re never identified. It’s easy to see how this win for Energy Transfer could chill speech and silence future protests before they even begin. 

    …

    Perhaps equally worrisome, this case is an attack on the type of ordinary advocacy that organizations like Greenpeace and the ACLU – alongside many others – rely on to do their work. Everyday actions like attending a protest, signing a letter of support, or supporting communities at risk should never be considered “unlawful.” Otherwise, the future of everyone’s First Amendment rights could be at risk.

    If corporations can weaponize the court system to attack protesters and advocates for their speech, then any political speech or cause could become a target. And in an environment where the Trump administration is regularly leading dangerous attacks against our basic rights and liberties, including against the press and activists, this threat is all the more serious.

    The right to protest and speak out must be embraced as a core pillar in a functioning democracy – even when that speech threatens the rich and powerful, and even when it’s speech we don’t agree with. 

    Read the full op-ed here.

    Sushma Raman is the Interim Executive Director of Greenpeace USA.
    Anthony Romero is the Executive Director of the American Civil Liberties Union.

    Contact: Madison Carter, Greenpeace USA Senior Communications Specialist, [email protected]

    Greenpeace USA is part of a global network of independent campaigning organizations that use peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future. Greenpeace USA is committed to transforming the country’s unjust social, environmental, and economic systems from the ground up to address the climate crisis, advance racial justice, and build an economy that puts people first. Learn more at www.greenpeace.org/usa.

    MIL OSI NGO –

  • MIL-OSI New Zealand: Tech and Security – New Zealand Sextortion Threats Up 137%

    Source: Botica Butler Raudon Partners

    Sextortion Scams More Threatening in 2025, Fueled by AI-Powered Attacks and Data Breaches

    AUCKLAND, 25 March 2025 – Sextortion scams are becoming more common – and more threatening – as cybercriminals exploit artificial intelligence (AI) and large-scale data breaches to develop highly convincing scams. A recent analysis by Avast, a leader in digital security and privacy and part of Gen (NASDAQ: GEN), found that in 2025 so far, the risk of being targeted with sextortion scams in the NZ has risen 137%.

    New Zealand is not alone: Avast researchers are seeing countries around the world being impacted by these highly manipulative scams. In the US, the likelihood of being targeted by sextortion scammers also increased 137% in the first few months of 2025. The UK and Australia’s risk rose 49% and 34% respectively. Avast also revealed the top 10 countries most vulnerable to these scams, with Japan, Singapore, Hong Kong, South Africa, Italy, Australia, UAE, the UK, Switzerland and Czech Republic facing the highest risk ratios for sextortion in the last calendar year.

    New Threatening and Intrusive Tactics

    Criminals are refining their tactics, thanks to the help of AI and a wealth of personal data available from recent large-scale breaches. As the sophistication of AI increases, so do the explicit extortion emails scammers are sending. AI is being used by scammers to create ‘deepfake’ images, fake explicit photos created by superimposing a victim’s face onto another body, coupled with threatening messages to distribute them.

    Michal Salat, Threat Intelligence Director for Avast comments: “Our analysis reveals that sextortion victims frequently receive threatening messages claiming access to their private videos and images. These scams are made even more convincing with the use of stolen passwords from past data breaches, lending an alarming sense of credibility.”

    “Fear of exposure, especially when personal details appear accurate, often pressures victims into complying with ransom demands. However, we strongly advise against engaging with these scammers, no matter how real the threats may seem.”

    One of the latest techniques used by cybercriminals involves Google Maps and is designed to employ a more invasive and personalised approach that can really shock and intimidate their victims into complying with demands.

    Criminals – utilizing names, addresses, and emails readily available on the Dark Web due to data breaches – can create very targeted emails to victims containing fabricated footage and unsettling information and images of their real homes. Scammers will also claim to have gained access to victims’ devices to extort their victims by threatening to share sexual content or information about them. Cybersecurity experts at Avast have identified over 15,000 unique Bitcoin wallets associated with the Google Maps scam, though the scope of the operation is likely much larger.

    Avast experts emphasise the importance of proactive protection against sextortion scams and urge people to never engage with messages that could be from scammers. The following actions help to combat sextortion efforts:

    • Do not pay ransom demands or respond to threats.
    • Do not engage with these emails, texts or calls or open any associated PDF attachments.
    • Always report such crimes to the relevant cybercrime units including the NZ Police and Netsafe for support.
    • Use a reputable password manager to ensure unique passwords for all accounts and prevent reuse.
    • Enable multi-factor authentication (MFA) wherever possible to enhance account security.
    • Monitor your data for breaches by using dark web monitoring services, through products such as Avast Secure Identity, to be alerted when personal information is exposed so you can act quickly to help protect your accounts.
    • Do not panic – stay informed and take action to secure your accounts.

    As sextortion scams become more advanced, it is crucial for individuals to remain cautious and take steps to safeguard their digital privacy. Public awareness and vigilance remain critical in combating these threats.

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

    About Avast
    Avast is a leader in digital security and privacy, and part of Gen™ (NASDAQ: GEN), a global company dedicated to powering Digital Freedom with a family of trusted consumer brands. Avast protects hundreds of millions of users from online threats, for Mobile, PC or Mac and is top-ranked and certified by VB100, AV-Comparatives, AV-Test, SE Labs and others. Avast is a member of the Coalition Against Stalkerware, No More Ransom and Internet Watch Foundation. Learn more at Avast.com. Visit: www.avast.com.  

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Health – Vapes fail to curb smoking habits among teens, new study finds

    Source: Asthma and Respiratory Foundation

    The rise of teen vaping in New Zealand has not been the magic bullet to stub out cigarettes, new evidence shows.
    The research, published in The Lancet, found that the introduction and rapid rise of vaping in New Zealand has had little to no impact on the rate of decline in daily smoking among 14-15-year-olds between 1999 to 2023.
    This is a significantly different conclusion to a 2020 study that looked at the same data except over a shorter period (2014-2019), which concluded that vaping may have displaced smoking among NZ youth.
    Asthma and Respiratory Foundation NZ Chief Executive Ms Letitia Harding says this new evidence challenges the idea that vaping among young people was the answer for the decline in smoking rates.
    “For years, we’ve warned about the rapid rise of youth vaping, and this research strengthens the case for stronger policies to protect young people from both vaping and smoking.”
    The study also highlights concerns about the 2020 study that suggested vaping was reducing youth smoking rates. That research was widely used to support regulatory decisions in New Zealand and was even referenced by tobacco companies, including British American Tobacco, in policy debates.
    “This new study sets the record straight, so we can’t afford to take our foot off the pedal when it comes to protecting young people,” Ms Harding says.
    “Tobacco companies certainly do not have the interests of our teens at heart.”
    The Government needs to take these findings very seriously, she says.
    “They need to listen and to ensure that policies reflect the reality that vaping was not the answer to smoking, and that it actually made things worse by simply introducing a new problem for our teens to tackle.
    “We know that stronger regulations, better enforcement, and education programmes make a big impact – and we need these now more than ever.”
    Between now and June, a flurry of new vaping laws will take effect, including the ban on disposable vapes, a ban on displaying products (in-store and online), and a ban on discounts and giveaways.
    The Foundation supports these changes but also wants the Government to halt the establishment of further Specialist Vape Retailers (SVRs), limit the nicotine content of all vape products to 20 mg/mL and re-look at the prescription model.

    MIL OSI New Zealand News –

  • MIL-OSI Africa: Nguya Floating Liquefied Natural Gas (FLNG) to Sail Away from China in September 2025

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

    BRAZZAVILLE, Congo (Republic of the), March 25, 2025/APO Group/ —

    Nguya Floating Liquefied Natural Gas (FLNG) is set to sail away from China in September 2025, Federico Ricco, Development Director at Congo LNG, said at the Congo Energy & Investment Forum 2025 during the FLNG Developments in the Republic of Congo session.

    The addition of the Nguya FLNG vessel is part of the second phase of the Congo LNG project – which began operating in December 2023 – and is expected to increase the project’s production capacity by 2.4 million tons per annum (mtpa).

    “The vessel is currently under construction in China and will allow us to increase production to 3 million tons per year,” Ricco stated.

    As the operator of Congo LNG, Eni has been at the forefront of gas monetization in the Republic of Congo, first with the development of the Centrale Électrique du Congo gas-to-power plant in 2011 and later through the implementation of the Congo LNG project. Ricco explained that “the first phase was completed within 12 months to enable LNG exports, which is remarkably fast.”

    Echoing Ricco’s comments on the speed of FLNG deployment, Marien Ibiaho, Area Sales Manager for Europe & Africa at NOV, emphasized that, “Many LNG projects involve large-scale infrastructure and extensive construction. The advantage of FLNG is that it enables rapid gas monetization. The delivery timeline is fast – less than two years.”

    For the Republic of Congo, FLNG has played a key role in positioning the country as an LNG exporter. Looking ahead, Ricco emphasized the need for continued exploration, greater collaboration and leveraging LNG to further strengthen Congo’s industrial capacity.

    “We must keep exploring, work alongside other operators to maximize value in Congo, and ensure that LNG enhances the country’s industrial growth,” Ricco said. Expanding on his comments, Ibiaho stated, “For FLNG projects to succeed, the approach must be built on partnerships, not just a client-service provider relationship.”

    Dr. Tsoumou-Gavouka Communications and Public Relations Advisor to the Director General, SNPC underscored the importance of partnerships in Congo’s LNG development, suggesting that Eni collaborate with Chinese oil company Wing Wah, which is preparing to launch its own LNG project.

    The inaugural Congo Energy & Investment Forum, set for March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities.

    MIL OSI Africa –

  • MIL-OSI Security: Clairton Resident Pleads Guilty to Wire Fraud Charges

    Source: Office of United States Attorneys

    PITTSBURGH, Pa – A resident of Clairton, Pennsylvania, pleaded guilty in federal court to charges of wire fraud, Acting United States Attorney Troy Rivetti announced today.

    Tracey Smith, age 56, pleaded guilty to four counts before United States District Judge Cathy Bissoon.

    In connection with the guilty plea, the court was advised that in 2023, Smith was hired as a comptroller at a Pittsburgh engineering firm where she embezzled company funds for her personal use by issuing herself additional payroll checks to herself, making unauthorized credit card transactions with company credit cards, and by falsifying expense reports, all totaling approximately $673,556.80 in embezzled funds.

    Judge Bissoon scheduled sentencing for July 17, 2025. The law provides for a total sentence of 20 years in prison, a fine of $250,000, or both as to each count. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.

    Assistant United States Attorney Gregory C. Melucci is prosecuting this case on behalf of the government.

    The Federal Bureau of Investigation conducted the investigation that led to the prosecution of Smith.

    MIL Security OSI –

  • MIL-OSI Security: Defense Contractor MORSECORP, Inc. Agrees to Pay $4.6 Million to Settle Cybersecurity Fraud Allegations

    Source: Office of United States Attorneys

    BOSTON – MORSECORP, Inc. (MORSE), of Cambridge, Mass., has agreed to pay $4.6 million to resolve allegations that MORSE violated the False Claims Act by failing to comply with cybersecurity requirements in its contracts with the Departments of the Army and Air Force.  

    The settlement resolves allegations that MORSE submitted false or fraudulent claims for payment on contracts with the Departments of the Army and Air Force, and that those claims were false or fraudulent because Morse knew it had not complied with those contracts’ cybersecurity requirements. As part of the settlement, MORSE admitted, acknowledged and accepted responsibility for the following facts:

    • From January 2018 to September 2022, MORSE used a third-party company to host MORSE’s emails without requiring and ensuring that the third party met security requirements equivalent to the Federal Risk and Authorization Management Program Moderate baseline and complied with the Department of Defense’s requirements for cyber incident reporting, malicious software, media preservation and protection, access to additional information and equipment necessary for forensic analysis and cyber incident damage assessment;
    • The contracts required that MORSE implement all cybersecurity controls in National Institute of Standards and Technology (NIST) Special Publication (SP) 800-171, but from January 2018 to February 2023, MORSE had not fully implemented all those controls, including controls that, if not implemented, could lead to significant exploitation of the network or exfiltration of controlled defense information and controls that could have a specific and confined effect on the security of the network and its data;
    • From January 2018 to January 2021, despite the contracts’ system security plan requirement, MORSE did not have a consolidated written plan for each of its covered information systems describing system boundaries, system environments of operation, how security requirements are implemented and the relationships with or connections to other systems;
    • In January 2021, MORSE submitted to the Department of Defense a score of 104 for its implementation of the NIST SP 800-171 security controls. That score was near the top of the possible score range from -203 to 110. In July 2022, a third-party cybersecurity consultant notified MORSE that its score was actually -142. MORSE did not update its score in the Department of Defense reporting system until June 2023—three months after the United States served MORSE with a subpoena concerning its cybersecurity practices.

    “Federal contractors must fulfill their obligations to protect sensitive government information from cyber threats,” said United States Attorney Leah B. Foley. “We will continue to hold contractors to their commitments to follow cybersecurity standards to ensure that federal agencies and taxpayers get what they paid for, and make sure that contractors who follow the rules are not at a competitive disadvantage.”  

    “We are pleased with today’s settlement, which further demonstrates the resolve of the Department of the Army Criminal Investigation Division and our law enforcement partners to protect and defend the assets of the United States Army and Department of Defense,” said Special Agent in Charge Keith K. Kelly, Department of the Army Criminal Investigation Division Fraud Field Office. “We’re committed to protecting the warfighter and maintaining the Army’s operational readiness while holding those who engage in such acts accountable.”

    “Failure to implement cybersecurity requirements can have devastating consequences, leaving sensitive DoD data vulnerable to cyber threats and malicious actors,” said Special Agent in Charge William W. Richards of the Air Force Office of Special Investigations (AFOSI). “AFOSI, alongside our investigative partners and the Department of Justice, will continue to combat fraud affecting the Department of the Air Force and hold those accountable that fail to properly safeguard sensitive defense information.”

    “Protecting the integrity of Department of Defense (DoD) procurement activities is a top priority for the DoD Office of Inspector General’s Defense Criminal Investigative Service (DCIS),” said Special Agent in Charge Patrick J. Hegarty, DCIS Northeast Field Office. “Failing to comply with DoD contract specifications and cybersecurity requirements puts DoD information and programs at risk. We will continue to work with our law enforcement partners and the Department of Justice to investigate allegations of false claims on DoD contracts.”

    The settlement resolves a lawsuit filed under the whistleblower provisions of the False Claims Act, which permit private parties to sue on behalf of the government when they believe that a defendant has submitted false claims for government funds and receive a share of any recovery. The settlement in this case provides for the whistleblower to receive an $851,000 share of the settlement amount. The qui tam case is captioned United States ex rel. Berich v. MORSECORP, Inc., et al., No. 23-cv-10130 (D. Mass.).  

    The settlement announced today was the result of a coordinated effort between the U.S. Attorney’s Office for the District of Massachusetts, the Civil Division’s Commercial Litigation Branch, Fraud Section, with assistance from the Department of the Army Criminal Investigation Division’s Fraud Field Office, the Air Force Office of Special Investigations, DCIS and the General Services Administration Office of Inspector General. The matter was handled by Brian LaMacchia, Chief of the Affirmative Civil Enforcement Unit, Assistant U.S. Attorney Julien Mundele in the U.S. Attorney’s Office and DOJ Senior Trial Counsel Christopher Terranova. 

    MIL Security OSI –

  • MIL-OSI: dLocal Announces CFO Transition due to Health Reasons

    Source: GlobeNewswire (MIL-OSI)

    MONTEVIDEO, Uruguay, March 25, 2025 (GLOBE NEWSWIRE) — dLocal (Nasdaq: DLO), a leading cross-border payments platform, announced today that Mark Ortiz will step down from his role as Chief Financial Officer due to an unforeseen health issue that requires attention. The transition will take effect once the company has filed its annual report on Form 20-F including the 2024 annual audited financial statements (and in any event, no later than May 1, 2025).

    The Board of Directors has appointed Jeffrey Brown, who currently serves as VP Finance, to act as interim Chief Financial Officer while it conducts a comprehensive search for a permanent successor.

    “Over the past year, Mark has been instrumental in developing and implementing our financial strategy,” said Pedro Arnt, Chief Executive Officer of dLocal. “The Board and team extend their sincere appreciation for his leadership and contributions, and wholeheartedly support his decision to prioritize his health. We all wish him a full and speedy recovery.”

    Mr. Brown brings extensive financial expertise, having previously held leadership roles at Bank of America, RPX Corporation and more recently as the CFO at Geopagos. “We are confident in Jeff’s ability to guide our finance team during this transition,” added Mr. Arnt.

    Mr. Ortiz will, to the extent possible and permitted by his health, make himself available during the search and transition period as an advisor to the company. “Serving as CFO of dLocal has been an honor. While this is not the timing or circumstance I had envisioned for my departure, my health now requires my full focus. I have the utmost confidence in the leadership team and the company’s strong financial foundation, and I aspire to assist them to ensure a smooth transition. I remain a firm believer in the company’s future.”

    dLocal remains committed to executing its strategic plan and driving long-term value for shareholders. The company will provide further updates as the CFO search process progresses.

    About dLocal

    dLocal powers local payments in emerging markets connecting global enterprise merchants with billions of emerging market consumers across APAC, the Middle East, Latin America, and Africa. Through the “One dLocal” concept (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements convey dLocal’s current expectations or forecasts of future events. Forward-looking statements regarding dLocal involve known and unknown risks, uncertainties and other factors that may cause dLocal’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors,” “Forward-Looking Statements” and “Cautionary Statement Regarding Forward-Looking Statements” sections of dLocal’s filings with the U.S. Securities and Exchange Commission. Unless required by law, dLocal undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date hereof.

    Investor Relations Contact:

    investor@dlocal.com 

    Media Contact:

    media@dlocal.com 

    The MIL Network –

  • MIL-OSI: Amplify Provides Additional Information on Acquisition of Assets from Juniper Capital

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, March 25, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today posted a new presentation on its website, providing additional information on its previously announced definitive agreement to acquire Juniper Capital’s upstream Rocky Mountain portfolio companies.

    The presentation, which can be found on the Company’s investor relations page of its website at https://www.amplifyenergy.com/Amplify-Rockies-Transaction-Highlights/, details the expected financial and diversification benefits of the merger and how it is expected to enhance Amplify’s ability to generate long-term shareholder value. Key highlights include:

    • Free cash flow and value accretion:
      • 2025 free cash flow per share projected to increase from $0.50 per share to greater than $0.70 per share1
      • Total proved reserve value projected to increase ~89% from $688 million to $1.3 billion2
    • Greater portfolio flexibility:
      • New Rockies asset base allows Amplify the opportunity to accelerate value creation through portfolio optimization
      • Lower operating cost to improve resiliency of asset base in low or high commodity price environment
    • Organic growth potential:
      • Juniper assets include multi-year inventory of identified, high quality undeveloped drilling locations
      • Proved undeveloped drilling locations adjacent to premier public company operators
    • Meaningful operating synergies:
      • Pro-forma Adjusted EBITDA per BOE expected to increase 40% due to higher oil weighting and lower cost structure3
      • Pro-forma G&A per BOE expected to decrease >20% due to economies of scale4
    • Path to enhance shareholder value:
      • Increased free cash flow and scale, along with expected refinancing, projected to increase liquidity and flexibility
      • Free cash flow provides optionality to reduce leverage and return capital to shareholders

    Amplify also reminds shareholders to vote on the two proposals regarding the merger. The Special Meeting of Shareholders to approve the proposals is scheduled to take place virtually on April 14, 2025, at 9:00 a.m. Central Time. The methods for voting and submitting proxies are described in the distributed proxy materials for the Special Meeting.

    The Board unanimously recommends that shareholders vote “FOR” both proposals. The proposals are critical to the completion of the merger agreement, which the Board has unanimously determined to be in the best interests of the Company and its shareholders.

    Each vote is important, regardless of how many shares owned, and whether or not shareholders expect to attend the Special Meeting. Amplify asks that all shareholders vote as soon as possible “FOR” both proposals, to ensure that their shares are represented at the Special Meeting.

    About Amplify Energy

    Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit www.amplifyenergy.com. 

    Forward-Looking Statements

    This press release includes “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that addresses activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the Company’s expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the Company and its affiliates. Please read the Company’s filings with the Securities and Exchange Commission (the “SEC”), including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

    Cautionary Note on Reserves and Resource Estimates

    The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. Any reserve estimates provided in this press release that are not specifically designated as being estimates of proved reserves may include estimated reserves or locations not necessarily calculated in accordance with, or contemplated by, the SEC’s latest reserve reporting guidelines. You are urged to consider closely the oil and gas disclosures in the Company’s Annual Report on Form 10-K and our other reports and filings with the SEC.

    Important Additional Information Regarding the Mergers Will Be Filed With the SEC.

    In connection with the proposed mergers, the Company has filed a definitive proxy statement. The definitive proxy statement has been sent to the stockholders of record of the Company. The Company may also file other documents with the SEC regarding the mergers. INVESTORS AND SECURITY HOLDERS OF AMPLIFY ARE ADVISED TO CAREFULLY READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT MATERIALS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGERS, THE PARTIES TO THE MERGERS AND THE RISKS ASSOCIATED WITH THE MERGERS. Investors and security holders may obtain a free copy of the definitive proxy statement and other relevant documents filed by Amplify with the SEC from the SEC’s website at www.sec.gov. Security holders and other interested parties will also be able to obtain, without charge, a copy of the definitive proxy statement and other relevant documents (when available) by (1) directing your written request to: 500 Dallas Street, Suite 1700, Houston, Texas or (2) contacting our Investor Relations department by telephone at (832) 219-9044 or (832) 219-9051. Copies of the documents filed by the Company with the SEC will be available free of charge on the Company’s website at http://www.amplifyenergy.com.

    Participants in the Solicitation.

    Amplify and certain of its respective directors, executive officers and employees may be considered participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the stockholders of Amplify in connection with the transaction, including a description of their respective direct or indirect interests, by security holdings or otherwise, is included in the definitive proxy statement filed with the SEC. Additional information regarding the Company’s directors and executive officers is also included in Amplify’s Notice of Annual Meeting of Stockholders and 2024 Proxy Statement, which was filed with the SEC on April 5, 2024. These documents are available free of charge as described above.

    Footnotes

    1)   Based on Amplify March 5, 2025 guidance and full year 2025 Juniper forecast at flat pricing; (NYMEX WTI, HH) – $71.00, $3.75. Free cash flow is a non-GAAP measure. Amplify believes that a quantitative reconciliation of such forward-looking information to the most comparable financial measure calculated and presented in accordance with GAAP cannot be made available without unreasonable efforts. A reconciliation of this non-GAAP financial measure would require Amplify to predict the timing and likelihood of future transactions and other items that are difficult to accurately predict. This forward-looking measure, or its probable significance, can be quantified with a reasonable degree of accuracy. Accordingly, a reconciliation of the most directly comparable forward-looking GAAP measures is not provided.
    2)   2024 Year End reserves are evaluated at flat pricing: (NYMEX WTI, HH) – $70.00, $3.50.
    3)   Based on Amplify 3Q24 reported results, 3Q24 Juniper unaudited results adjusted for G&A synergies (pro-forma G&A excluding synergies equal to $3.38/Boe).
    4)   Based on Amplify G&A per BOE in 3Q24, assuming $1 MM of incremental G&A post-merger and Juniper production in 3Q24.

    Contacts

    Amplify Energy

    Jim Frew — Senior Vice President and Chief Financial Officer
    (832) 219-9044
    jim.frew@amplifyenergy.com 

    Michael Jordan — Director, Finance and Treasurer
    (832) 219-9051
    michael.jordan@amplifyenergy.com

    FTI Consulting

    Tanner Kaufman / Brandon Elliott / Rose Zu
    amplifyenergy@fticonsulting.com

    The MIL Network –

  • MIL-OSI: Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date March 14, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) — At the end of the settlement date of March 14, 2025, short interest in 3,124 Nasdaq Global MarketSM securities totaled 13,066,514,117 shares compared with 12,765,719,651 shares in 3,117 Global Market issues reported for the prior settlement date of February 28, 2025. The mid-March short interest represents 2.14 days compared with 2.42 days for the prior reporting period.

    Short interest in 1,634 securities on The Nasdaq Capital MarketSM totaled 2,598,104,131 shares at the end of the settlement date of March 14, 2025, compared with 2,565,936,316 shares in 1,628 securities for the previous reporting period. This represents a 1.17 day average daily volume; the previous reporting period’s figure was 1.00.

    In summary, short interest in all 4,758 Nasdaq® securities totaled 15,664,618,248 shares at the March 14, 2025 settlement date, compared with 4,745 issues and 15,331,655,967 shares at the end of the previous reporting period. This is 1.88 days average daily volume, compared with an average of 1.87 days for the prior reporting period.

    The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller.

    For more information on Nasdaq Short interest positions, including publication dates, visit
    http://www.nasdaq.com/quotes/short-interest.aspx
    or http://www.nasdaqtrader.com/asp/short_interest.asp.

    About Nasdaq:
    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.     

    Media Contact:
    Camille Stafford
    camille.stafford@nasdaq.com

    A graph accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0d8e9d7c-9147-49f7-b60e-bd0dc272cf30

    NDAQO

    The MIL Network –

  • MIL-OSI: Evolution Petroleum Announces Upcoming Investor Events

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, March 25, 2025 (GLOBE NEWSWIRE) — Evolution Petroleum Corporation (NYSE American: EPM) (“Evolution” or the “Company”) announced today that members of the Company’s management team plan to participate in several upcoming events.

    • Water Tower Research Fireside Chat – March 26, 2025
      Evolution will participate in a virtual fireside chat hosted by Water Tower Research (“WTR”) on Wednesday, March 26, 2025, at 2:00 p.m. CT. The event will feature an in-depth conversation with Company management regarding its pending acquisition of non-operated assets in New Mexico, Texas, and Louisiana and the ongoing development activity in the Chaveroo field and the SCOOP/STACK play along with management’s outlook to build value through the asset acquisition market. This event is open to all investors. Registration for the event is available here. Replays of the webcast will also be available after the event.
    • A.G.P.’s Virtual Energy Conference – April 2, 2025
      Management will host one-on-one meetings with institutional investors during A.G.P.’s Virtual Energy Conference on Wednesday, April 2, 2025. Investors interested in scheduling a meeting should contact their A.G.P. representative or the Company’s investor relations contact listed below.
    • 2025 Louisiana Energy Conference – May 27-29, 2025
      Evolution will participate in the 2025 Louisiana Energy Conference, held in New Orleans, Louisiana, from May 27–29, 2025. Management is scheduled to participate in a panel discussion and conduct one-on-one meetings with attending investment professionals. Additional event details and registration information are available at louisianaenergyconference.com.

    Evolution’s latest investor presentation is available on the “Events & Presentations” page of Evolution’s IR website at ir.evolutionpetroleum.com.

    About Evolution Petroleum

    Evolution Petroleum Corporation is an independent energy company focused on maximizing total shareholder returns through the ownership of and investment in onshore oil and natural gas properties in the U.S. The Company aims to build and maintain a diversified portfolio of long-life oil and natural gas properties through acquisitions, selective development opportunities, production enhancements, and other exploitation efforts. Properties include non-operated interests in the following areas: the SCOOP/STACK plays of the Anadarko Basin in Oklahoma; the Chaveroo Oilfield located in Chaves and Roosevelt Counties, New Mexico; the Jonah Field in Sublette County, Wyoming; the Williston Basin in North Dakota; the Barnett Shale located in North Texas; the Hamilton Dome Field located in Hot Springs County, Wyoming; the Delhi Holt-Bryant Unit in the Delhi Field in Northeast Louisiana; as well as small overriding royalty interests in four onshore Texas wells. Visit www.evolutionpetroleum.com for more information.

    Contact

    Investor Relations
    (713) 935-0122
    ir@evolutionpetroleum.com

    The MIL Network –

  • MIL-OSI: Lendmark Financial Services Opens its 54th Georgia Branch in Vidalia, Marking its Eighth Portfolio Branch Opening in 2025

    Source: GlobeNewswire (MIL-OSI)

    VIDALIA, Ga., March 25, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Georgia footprint, opening a new branch in Vidalia.

    The branch is located at 2339 E. 1st Street and is expected to serve hundreds of customers in its first year. Margaret Argo, who serves as the branch manager, will be responsible for the administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “Our very first Lendmark branch opened in Georgia in 1996 and 29 years later we are still expanding right where we started. Continued growth in Georgia shows the tremendous impact we make by focusing on delivering the tailored loan solutions our customers need to meet planned and unplanned life events,” said Jerry Sharp, Vice President of Branch Operations at Lendmark. “Our Georgia branch openings and overall branch growth demonstrate an ongoing need for diverse household financial options for consumers here and throughout the country.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 912-386-7300.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    Lendmark customers can participate by donating $1 when closing their loan. Lendmark matches the donation.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 515 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.

    Media Contact
    Jeff Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    The MIL Network –

  • MIL-OSI: Draganfly to Host Shareholder Update Call on March 27, 2025

    Source: GlobeNewswire (MIL-OSI)

    Saskatoon, SK, March 25, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning, industry-leading developer of drone solutions and systems, announced today that it will host a shareholder update call on March 27th, 2025, at 5:30 PM EST.

    Draganfly CEO Cameron Chell will lead the call, providing an overview of the Company’s 2024 milestones, strategic initiatives, and its outlook for 2025. CFO Paul Sun will present the Q4 2024 financial results, along with a full-year review, which is scheduled for release after market close on March 27th, 2025. Pre-submitted investor questions will also be addressed during the call.

    Registration for the call can be accessed here.

    Investors are encouraged to submit their questions in advance to:

    investor.relations@draganfly.com.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 24 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives.

    For more information, visit www.draganfly.com.

    For investor details, visit:

    Media Contact
    media@draganfly.com

    Company Contact
    info@draganfly.com

    The MIL Network –

  • MIL-OSI: CLEAR and American Express Renew Partnership to Provide Premium Travel Experiences at Airports to Card Members

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) — CLEAR (NYSE: YOU), the secure identity platform, is extending its partnership with American Express for its second one year renewal term. CLEAR and American Express entered into the partnership in 2019, which provides eligible American Express Card Members who enroll in CLEAR, and pay using their qualifying American Express credit cards, up to $199 in annual statement credits for their CLEAR Plus Membership. CLEAR Plus offers Members a faster, more predictable airport experience across its nationwide network by enabling them to verify their identity in seconds with CLEAR’s latest face-first technology.

    American Express U.S. Card Members with the following Cards can continue to enjoy their CLEAR Plus benefit:

    • Personal, Corporate, and Small Business Platinum Card®
    • American Express® Green Card
    • Hilton Honors American Express Aspire Card

    To learn more about Card eligibility, please visit americanexpress.com/us/clear.

    About CLEAR
    CLEAR’s mission is to strengthen security and create frictionless experiences. With over 30 million Members and a growing network of partners across the world, CLEAR’s identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell Member data. For more information, visit clearme.com.

    Forward-Looking Statements
    This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including those described in the Company’s filings within the Securities and Exchange Commission, including the sections titled “Risk Factors” in our Annual Report on Form 10- K. The Company disclaims any obligation to update any forward-looking statements contained herein.

    Media
    CLEAR
    media@clearme.com

    The MIL Network –

  • MIL-OSI: Farmers & Merchants Bancorp, Inc. Declares 2025 First-Quarter Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, March 25, 2025 (GLOBE NEWSWIRE) — The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.36 billion at December 31, 2024, today announced that it has approved the Company’s quarterly cash dividend of $0.22125 per share. The first-quarter dividend is payable on April 20, 2025, to shareholders of record as of April 4, 2025.

    About Farmers & Merchants State Bank:
    Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) is the holding company of F&M Bank, a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe Harbor statement
    Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank    		 Investor and Media Contact:
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    The MIL Network –

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 25.03.2025

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    25 March 2025 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 25.03.2025

    Espoo, Finland – On 25 March 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:                

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,803,118 4.96
    CEUX 1,137,165 4.96
    BATE – –
    AQEU – –
    TQEX 165,012 4.96
    Total 3,105,295 4.96

    * Rounded to two decimals

    On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.

    Total cost of transactions executed on 25 March 2025 was EUR 15,388,910. After the disclosed transactions, Nokia Corporation holds 197,228,875 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-OSI Submissions: Australia – We’ve done it again! CH4 Global named one of TIME Magazine’s Top GreenTech Companies

    Source: CH4 Global

    ADELAIDE, South Australia – CH4 Global has been named as one of Time Magazine’s Top GreenTech Companies for the second year in a row – in recognition of continued progress towards scaling, including the development of its Louth Bay EcoPark to grow its seaweed-based cattle feed supplement that reduces enteric methane emissions by up to 90 per cent.

    The second annual GreenTech rankings, prepared by TIME and Statista, considered more than 4,000 companies and evaluated them based on their positive environmental impact, financial strength and innovative ability. CH4 Global was among 250 companies selected for the award.

    CH4 Global’s inclusion in the 2025 ranking highlights the company’s continued progress in scaling Methane Tamer , its Asparagopsis-based feed additive, which reduces enteric methane emissions from cattle by up to 90 per cent.

    The distinction comes just weeks after CH4 Global opened phase one of its Louth Bay EcoPark, on Eyre Peninsula, where it has begun to grow and process Asparagopsis in 10 large-scale cultivation ponds with a combined capacity of 2 million litres – capable of producing 80 metric tonnes of the seaweed each year.

    Over the next year, the facility will expand to 100 ponds capable of producing enough Asparagopsis to serve 45,000 cattle per day – a significant step toward meeting demand from CH4 Global’s existing commercial partners in Australia and beyond. With additional investment, the facility could eventually expand to 500 ponds capable of serving hundreds of thousands of cattle per day.

    “This recognition by TIME Magazine for the second year running underscores the urgency of tackling livestock methane emissions and the effectiveness of our solution at scale,” said CH4 Global CEO Steve Meller.

    “The momentum behind our solution is building, and we are on course to deliver gigatonne-scale climate impact within the next decade by making methane reduction practical, affordable and widely accessible.“In Australia, the CH4 Global team has worked tirelessly to develop the EcoPark and to start growing Asparagopsis at scale, while working with our partners in South Korea, South America, Japan, the Asia Pacific, the UK and the US, to be able to reach as many cows as possible in the coming years as we work to mitigate climate change.”

    CH4 Global is working to reduce methane emissions from cows, which is naturally-produced in their stomachs and released through burping. Methane is more than 80 times more potent than CO2 in trapping heat in the atmosphere over a 20-year period, making it a critical target of efforts to combat global warming.

    The full list of TIME’s America’s Top GreenTech Companies 2025 is available at TIME.com.

    About CH4 Global

    CH4 Global, founded in 2018, is on an urgent mission to bend the climate curve, through collaboration with strategic partners worldwide. Led by a world-class team of senior business builders, scientists and entrepreneurs, the company delivers market-disruptive products that enable the food industry value chain to radically reduce GHG emissions.

    The company’s first innovation, Methane Tamer feed additives for feedlot cattle, harnesses the power of Asparagopsis seaweed to reduce enteric methane emissions by up to 90 per cent. CH4 Global is headquartered in Henderson, Nevada, with facilities to grow Asparagopsis in Australia at Louth Bay, Arno Bay and at Lonsdale in South Australia, and in Bluff and Bream Bay in New Zealand. To learn more, visit

    www.ch4global.com.

    MIL OSI – Submitted News –

  • MIL-OSI Canada: Government of Saskatchewan Introduces PST on Vapour Products

    Source: Government of Canada regional news

    Released on March 25, 2025

    Today, the Government of Saskatchewan introduced amendments to The Provincial Sales Tax Act, 2025 to remove the provincial sales tax (PST) exemption on vapour products. Effective June 1, 2025, the provincial sales tax rate of six per cent will apply to all vapour products in addition to the existing vapour products tax. 

    “Today’s amendment exemplifies our government’s commitment to fair tax administration,” Deputy Premier and Finance Minister Jim Reiter said. “Shortly, equivalent taxation will apply to all vapour and tobacco products sold in Saskatchewan. This will help discourage the use of these products, especially among youth, who are at risk of long-term, negative health impacts.”

    Initially announced as part of the 2025-26 Budget, the PST on vapour products is anticipated to increase PST revenues by $3 million annually. However, the benefits are expected to reach far beyond tax revenue. 

    Nicotine exposure is known to harm healthy brain development in youth and young adults, which can lead to problems with learning, memory and mood and can increase the risk of addiction to other substances.

    “We applaud the Saskatchewan Government for its recent announcement that a provincial sales tax will be added to all vapour products,” Lung Saskatchewan President and CEO Erin Kaun said. “Increased taxation is one of the most effective strategies in reducing consumption, particularly among youth. We look forward to continuing to work with the government to support a healthier Saskatchewan.”

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI USA: West Virginian Renters may be eligible for FEMA Individual Assistance

    Source: US Federal Emergency Management Agency

    Headline: West Virginian Renters may be eligible for FEMA Individual Assistance

    West Virginian Renters may be eligible for FEMA Individual Assistance

    CHARLESTON, W

    Va

    – West Virginia renters in Logan, McDowell, Mercer, Mingo, Wayne, and Wyoming counties who experienced losses due to the winter floods from February 15 – 18, 2025 may be eligible for disaster recovery assistance from FEMA and the U

    S Small Business Administration (SBA)

    Renters may be eligible for Individual Assistance grants from FEMA to help with such disaster-related expenses as:Renting a new place to live when the renter’s previous home was significantly damaged or lost due to the disaster

    Disaster-related medical and dental expenses

    Replacement or repair of necessary personal property lost or damaged in the disaster, such as appliances and furniture; textbooks and computers used by students; and work equipment or tools used by the self-employed

    Repair or replacement of vehicles damaged by the disaster

    Accepting FEMA funds will not affect eligibility for Social Security – including Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) – Medicare, Medicaid, Supplemental Nutrition Assistance Program (SNAP) benefits, or other federal benefit programs

    Renters who sustained losses can apply for assistance in several ways:Visiting DisasterAssistance

    gov

    Downloading the FEMA App

    Calling the FEMA Helpline at 800-621-3362

    Phone lines are open every day and help is available in most languages

    If you use a relay service such as video relay service (VRS) or captioned telephone service, please provide FEMA your number for that service

    Speaking with someone in person

    Disaster Survivor Assistance (DSA) teams will be on the ground in impacted communities, walking door-to-door to share information and help residents apply for FEMA assistance

    In coordination with the West Virginia Emergency Management Division (WVEMD) and officials in impacted counties, FEMA has opened a Disaster Recovery Centers (DRCs) in Logan, Mercer, McDowell, Mingo, and Wyoming Counties

    At a Disaster Recovery Center, you can get help applying for federal assistance, update your application, and learn about other resources available

    Logan County Disaster Recovery CenterMercer County Disaster Recovery CenterSouthern WV Community & Technical College100 College DriveLogan, WV 25601 Hours of operation:Monday to Friday: 9 a

    m

    – 6 p

    m

     Saturdays: 9 a

    m

    – 3 p

    m

    Closed Sundays  Lifeline Princeton Church of God250 Oakvale Road Princeton, WV 24740 Hours of operation:Monday to Friday: 9 a

    m

    – 5 p

    m

    Saturdays: 10 a

    m

    – 2 p

    m

    Closed Sundays Closed April 26McDowell County (Welch) Disaster Recovery Center McDowell County Disaster (Bradshaw) Recovery Center  Board of Education Office900 Mount View High School RoadWelch, WV 24801 Hours of operation:Monday through Friday: 8 a

    m

    to 6 p

    m

     Saturday March 29: 9 a

    m

    to 1 p

    m

    , weather dependentClosed on SundaysBradshaw Town Hall10002 Marshall HwyBradshaw, WV 24817 Hours of operation:Monday to Saturday: 8 a

    m

    to 6 p

    m

    Closed SundaysMingo County Disaster Recovery CenterWyoming County Disaster Recovery CenterWilliamson Campus1601 Armory DriveWilliamson, WV 25661 Hours of operation:Monday through Friday: 8 a

    m

    to 6 p

    m

     Saturdays: 9 a

    m

    to 3 p

    m

    Closed on SundaysWyoming Court House24 Main AvePineville, WV 24874 Hours of operation:Monday through Friday: 8 a

    m

    to 6 p

    m

     Saturdays: 9 a

    m

    to 3 p

    m

    Closed on SundaysDRCs are open to all, including survivors with mobility issues, impaired vision, and those who are who are Deaf or Hard of Hearing

    In addition to applying for FEMA assistance, renters can also apply for a U

    S

    Small Business Administration disaster loan

    Residents can apply online at sba

    gov/disaster, call SBA’s Customer Service Center at (800) 659-2955, or email disastercustomerservice@sba

    gov for more information on SBA disaster assistance

    Those who are deaf, hard of hearing or have a speech disability should dial 7-1-1 to access telecommunications relay service

    For more information on West Virginia’s disaster recovery, visit emd

    wv

    gov, West Virginia Emergency Management Division Facebook page, www

    fema

    gov/disaster/4861 and www

    facebook

    com/FEMA

    ###FEMA’s mission is helping people before, during and after disasters

    Follow FEMA online, on X @FEMA or @FEMAEspanol, on FEMA’s Facebook page or Espanol page and at FEMA’s YouTube account

    Also, follow on X FEMA_Cam

    For preparedness information follow the Ready Campaign on X at @Ready

    gov, on Instagram @Ready

    gov or on the Ready Facebook page

    kelly

    magarity
    Tue, 03/25/2025 – 13:33

    MIL OSI USA News –

  • MIL-OSI USA: New Aircraft Wing Undergoes Crucial NASA Icing Testing

    Source: NASA

    In the future, aircraft with long, thin wings supported by aerodynamic braces could help airlines save on fuel costs. But those same wings could be susceptible to ice buildup. NASA researchers are currently working to determine if such an issue exists, and how it could be addressed.
    In the historic Icing Research Tunnel at NASA’s Glenn Research Center in Cleveland, scientists and engineers are testing a concept for a transonic truss-braced wing. Their goal: to collect important data to inform the design of these potential efficient aircraft of the future.

    A transonic truss-braced wing generates less drag in flight compared to today’s aircraft wings, requiring an aircraft to burn less fuel. This revolutionary design could make the wing more prone to ice buildup, so it must undergo a series of rigorous tests to predict its safety and performance. The data the research team has collected so far suggests large sections of the frontmost part of the wing (also known as the leading edge) will require an ice protection system, similar to those found on some commercial aircraft.
    NASA Glenn can simulate icing conditions in its Icing Research Tunnel to identify potential challenges for new aircraft designs. These tests provide important information about how ice builds up on wings and can help identify the most critical icing conditions for safety. All commercial aircraft must be approved by the Federal Aviation Administration to operate in all kinds of weather.

    This research is part of NASA’s work to mature transonic truss-braced technology by looking at issues including safety and how future aircraft could be integrated into U.S. aviation infrastructure. Boeing is also working with NASA to build, test, and fly the X-66, a full-sized demonstrator aircraft with transonic truss-braced wings. Because the experimental aircraft will not be flown in icy conditions, tests in the Icing Research Tunnel are providing answers to questions about ice buildup.
    This work advances NASA’s role in developing ultra-efficient airliner technologies that are economically, operationally, and environmentally sustainable. For about two decades, NASA has invested in research aimed at advancing transonic truss-braced wing technology to the point where private sector aeronautics companies can integrate it into commercial aircraft configurations. NASA invests in this research through initiatives including its Advanced Air Transport Technology project, which investigates specific performance aspects of transonic truss-braced wing concepts, such as icing. The Advanced Air Transport Technology project is part of NASA’s Advanced Air Vehicles Program.

    MIL OSI USA News –