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  • MIL-OSI Europe: EIB Global assists cities develop climate resilient urban projects in East Africa

    Source: European Investment Bank

    EIB

    The European Investment Bank (EIB Global) has availed over €1.2 million (over Ksh 166 million) in technical assistance support to cities in East Africa for preparation of climate resilient urban development projects.

    The cities set to benefit from this technical assistance are Kericho, Nyamira, Kisumu, Embu, Eldoret and Malindi in Kenya as well as Zanzibar in Tanzania and Makindye in Uganda.

    EIB Global’s support to cities is financed through the City Climate Finance Gap Fund – a multi-donor trust fund supported by Germany and Luxembourg and implemented jointly with the World Bank and in close partnership with German Development Cooperation (GIZ). The technical assistance program focuses on early-stage project preparation with an aim of facilitating access to finance for urban projects that would otherwise potentially remain at idea stage.

    Most of the support for the cities in the region will revolve around assessing options for managing solid waste and faecal sludge, waste to energy solutions through production of biogas and wastewater treatment. Preliminary proposed solutions have recommended integrated solid waste management plans that encompass segregation of waste at source, separation of waste  collections, waste recovery and proper disposal.

    Further technical assistance promotes active mobility through evaluating non-motorised transport options, implementing urban flood proofing measures to mitigate flood risks and enhancing environmental sustainability by establishment of green public parks as well as expansion of urban forestry and biodiversity.

    In Kenya, EIB Global’s support is geared towards helping the cities access further financing support from an ongoing infrastructure investment programme known as the Kenya Urban Support Programme II, upon completion of the Gap Fund technical assistance.

    EIB Vice President Thomas Ostros said, “Cities and local governments play a key role in fighting climate change because they experience its effects the most. However, they often struggle to develop climate-resilient infrastructure, mainly due to a lack of resources and expertise to create strong, investment-ready projects. Through its support for the Gap Fund, the EIB helps cities bridge these gaps and prepare effective climate projects.”

    Technical assistance for project preparation plays a vital role in facilitating the implementation and financing of climate action projects by availing bankable opportunities. This is particularly true at urban or sub-national level where local authorities sometimes do not have enough in-house capacity to prepare robust projects that can attract public and private finance providers at an international level.

    The European Investment Bank is very active in urban climate finance especially through the City Climate Finance Gap Fund. The Bank works with other partners to advise on projects that will place cities on a path to net zero.

    Background information

    About EIB Global

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives.

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

    About City Climate Finance Gap Fund:

    Cities are key to creating a climate-smart future. Over half the global population lives in cities, generating 80% of total economic output and accounting for 70% of global CO2 emissions. While urbanization is a key driver of growth, unplanned, rapid urbanization and urban sprawl threaten to increase greenhouse gas emissions and vulnerability to climate change and other shocks. As many cities and local governments take steps to become low-carbon and climate-resilient, they face barriers in accessing finance as well as difficulties in planning and project preparation, due to insufficient capacity or resources — particularly in the early stages of the project cycle. The Gap Fund supports cities in addressing this specific challenges.

    On 20th September 2023, the governments of Germany and Luxembourg announced new funding of €50 million for the City Climate Finance Gap Fund (Gap Fund), a multi-donor fund, implemented by the World Bank and the European Investment Bank with partners. These resources will support the development of low-carbon and climate-resilient urban investments and will nearly than double the fund’s capitalization, bringing it to €105 million, one of the largest early-stage technical assistance funds for cities and climate.

    It provides much-needed funding for early-stage technical assistance and capacity building so that cities from low- and middle-income countries can operationalize their climate action plans, develop robust project concepts, and access climate finance resources. Since its establishment in 2020, EIB has supported 137 cities in developing and emerging economies through the Gap Fund.  

    EIB Global Assists Cities Develop Climate Resilient Urban Projects in East Africa
    EIB Global Assists Cities Develop Climate Resilient Urban Projects in East Africa
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    EIB Global Assists Cities Develop Climate Resilient Urban Projects in East Africa
    EIB Global Assists Cities Develop Climate Resilient Urban Projects in East Africa
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    EIB Global Assists Cities Develop Climate Resilient Urban Projects in East Africa
    EIB Global Assists Cities Develop Climate Resilient Urban Projects in East Africa
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    EIB Global Assists Cities Develop Climate Resilient Urban Projects in East Africa
    EIB Global Assists Cities Develop Climate Resilient Urban Projects in East Africa
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    MIL OSI Europe News –

  • MIL-OSI Europe: Austria: EIB supports hydropower expansion in Upper Austria

    Source: European Investment Bank

    • The EIB is providing €320 million in loans for the construction of the Ebensee pumped storage power plant.
    • Energie AG plans to invest more than €600 million to expand hydropower in Upper Austria, with a €400 million financing package for this objective approved by the EIB.

    The European Investment Bank (EIB) has granted Energie AG Oberösterreich in Upper Austria a financing package of up to €400 million to expand hydropower. Energie AG plans to invest a total of over €600 million in a new pumped storage power plant in Ebensee and a planned run-of-river hydropower plant in Roitham/Traunfall.

    The Ebensee pumped storage power plant will act as a green battery, compensating for fluctuations in the power generation from wind and solar plants and ensuring security of supply. Financing agreements for the Ebensee project encompassing €320 million were signed at EIB headquarters in Luxembourg.

    The Ebensee project is the single largest investment by Energie AG Oberösterreich to date, and is a milestone in the transformation of the energy supply in Upper Austria. An additional €80 million in financing for the Traunfall run-of-river power plant, intended to replace three hydropower plants at the end of their useful life, has also been given advance EIB approval. The relevant financing contracts are set to be signed in 2025, subject to the pending approval of the project by the Supervisory Board of Energie AG Oberösterreich. 

    “Rapidly expanding renewable energy is crucial for decarbonising the economy. The hydropower plants by Energie AG Oberösterreich are another important step on the road to a climate-neutral energy supply, and will help reduce Europe’s dependence on oil and gas imports,” said EIB Vice-President Thomas Östros.

    “Our strategy at Energie AG Oberösterreich has set a course for maximum carbon reduction throughout the entire company. All told, we will be investing €4 billion by 2035 to expand renewable energy and grids. We are also making major investments in green hydrogen production,” said Leonhard Schitter, Chair and CEO of Energie AG Oberösterreich.

    “In the coming decades, the energy sector – including Energie AG Oberösterreich – will be influenced by high investment requirements for the process of transformation needed to develop a sustainable energy system. A key success factor in this process will be providing for future financing requirements early, with optimal borrowing and framework conditions. With the EIB, we are delighted to have a strong partner on board for this challenge,” said Andreas Kolar, CFO of Energie AG Oberösterreich.

    This project is part of REPowerEU, the EU plan to rapidly reduce Europe’s dependence on fossil fuels. Thanks to REPowerEU, the EIB is able to finance a higher share of the total project costs than the usual 30-50%.

    The investment also furthers the objectives of Austria’s National Energy and Climate Plan, which plans to convert all electricity generation to renewables by 2030.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment. Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    In 2024, the EIB Group signed financing of €1.7 billion in Austria. This primarily promoted countercyclical investments in energy-intensive sectors like steel and renewable energy.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    Energie AG Oberösterreich is a leader in the sustainable future of energy. As the largest energy provider in Austria’s main industrial region, it is doing everything it can to cut emissions throughout the cycle of generation, distribution and recycling – sustainably reducing the CO2 produced by the entire organisation. The goal: to be climate neutral and energy independent by 2035, ensuring security of supply and safe disposal. By 2035, renewable energy sources like water, wind and solar should generate a total of 1.2 TWh per year. That’s the average electricity consumption of around 330 000 households – meaning more than 700 000 people. With the construction of the Ebensee pumped storage power plant, Energie AG Oberösterreich is taking yet another important step towards a sustainable energy future.

    MIL OSI Europe News –

  • MIL-OSI: Temenos to open Innovation Hub for banking technology in Central Florida

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., March 19, 2025 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN), a market leader in banking technology, today announced the opening of a new Innovation Hub in Central Florida—bringing its technology development closer to US clients and accelerating the future of banking.

    Expanding its US footprint, Temenos will recruit approximately 200 technology and product developers at the new hub, fueling cutting-edge research and development for US-specific banking solutions powered by transformative technologies like Generative AI (GenAI).

    This modern, collaborative space is designed for hands-on co-innovation, enabling Temenos, its clients, and partners to work side by side in developing real-world banking solutions. Financial institutions visiting the hub will gain direct access to the latest technology and work alongside Temenos experts to shape the next generation of banking.

    Jean-Pierre Brulard, CEO, Temenos, said: “We’re delighted to launch our Innovation Hub in Central Florida, a growing tech center that provides access to top talent. This investment is in line with our strategy and commitment to the US market, further investing in our product, expanding our go-to-market capabilities and scaling through strategic partnerships. By bringing our technology development closer to our American clients, we’re accelerating customer-centric innovation tailored for the US market.”

    Barb Morgan, Chief Product & Technology Officer, Temenos, commented: “The Temenos Innovation Hub is a game-changer for Temenos and our US clients. With our relentless focus on innovation—investing around 20% of revenues in R&D—this center will be a powerhouse for building the future of banking. It’s not just about showcasing our market-leading solutions; it’s about collaborating with our clients and partners to solve real challenges and drive the next wave of banking technology with our US clients and partners.”

    Temenos has engaged with the Orlando Economic Partnership (OEP) to facilitate the opening of the new Innovation Hub. This partnership will help Temenos to build stronger relationships with the tech community in Central Florida, access top talent and make the most of incentives such as training grants.

    Temenos joins a number of leading high-tech firms and banks in Central Florida with easy access to the thriving tech ecosystem and the wider Florida High Tech Corridor. As the ninth-fastest growing place in the United States1, Orlando is emerging as a major technology center with tech job growth projected at 27% by 20302.

    The area benefits from the presence of The University of Central Florida (UCF), one of the US’s largest universities, and a number of STEM-focused institutions. This will give Temenos access to a large pool of top tech talent, as well as the potential for partnerships to drive future innovation.

    Tim Giuliani, President and CEO of the Orlando Economic Partnership, said: “With strong infrastructure, a skilled workforce, and an expanding tech ecosystem, Central Florida is a prime location for tech companies looking to grow and innovate. We are pleased to see Temenos expanding in our region, and our team at the Orlando Economic Partnership is proud to continue supporting their expansion by connecting them to the right locations and resources. The investment in its Innovation Hub will create hundreds of high-skilled jobs and further strengthens our reputation as the destination for innovation in financial services.”

    About Temenos
    Temenos (SIX: TEMN) is the world’s leading platform for banking, serving clients in 150 countries by helping them build new banking services and state-of-the-art customer experiences. Top performing banks using Temenos software achieve cost-income ratios almost half the industry average and returns on equity 2x the industry average. Their IT spend on growth and innovation is also 2x the industry average.

    For more information, please visit www.temenos.com.

    ____________________________

    1 https://realestate.usnews.com/places/rankings/fastest-growing-places
    2 https://www.cio.com/article/304356/10-fastest-growing-us-tech-hubs-for-it-talent.html

    The MIL Network –

  • MIL-OSI: Liquidia Corporation Reports Full Year 2024 Financial Results and Provides Corporate Update

    Source: GlobeNewswire (MIL-OSI)

    • Targeting final FDA approval of YUTREPIA™ after expiration of regulatory exclusivity on May 23, 2025
    • Advancing pipeline of inhaled treprostinil products in clinical studies
    • Strengthened financial position by up to $100 million via amendment to existing financing agreement with HealthCare Royalty Partners (HCRx)
    • Company to host webcast today at 8:30 a.m. ET

    MORRISVILLE, N.C., March 19, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, today reported financial results for the full year ended December 31, 2024. The company will also host a webcast at 8:30 a.m. ET on March 19, 2025 to discuss its financial results and provide a corporate update.

    Dr. Roger Jeffs, Liquidia’s Chief Executive Officer, said: “Building on our progress this past year, Liquidia has strengthened its financial position, with up to an additional $100 million available pursuant to an amendment to its existing financing agreement with HCRx, while remaining poised for the potential approval and commercialization of YUTREPIA after the expiration on May 23, 2025 of the regulatory exclusivity that is currently preventing final approval. We continue to have our sights set on fulfilling our promise to provide physicians and patients with what we believe can be a much-needed therapeutic alternative, and potentially the prostacyclin of first choice, for patients with PAH and PH-ILD.”

    Corporate Updates

    Potential for final FDA approval of YUTREPIA (treprostinil) inhalation powder after expiration of regulatory exclusivity on May 23, 2025
    On August 16, 2024, the United States Food and Drug Administration (FDA) granted tentative approval for YUTREPIA for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD) and simultaneously determined that Tyvaso DPI® qualifies for a three-year New Clinical Investigation (NCI) exclusivity for the chronic use of dry powder formulations of treprostinil for the approved indications. The NCI exclusivity will expire on May 23, 2025, after which the FDA may grant final approval of YUTREPIA.

    Continuing to advance the pipeline of inhaled treprostinil in the clinic
    The open-label ASCENT study evaluating the tolerability and titratability of YUTREPIA in patients with PH-ILD is nearing enrollment completion. Observations to date have demonstrated tolerability and titratability of YUTREPIA in PH-ILD patients that is consistent with observations from the prior INSPIRE study in PAH patients.  

    Liquidia continues to progress clinical studies of L606 (liposomal treprostinil) inhalation suspension, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer. The U.S. open-label safety study of 28 patients with PAH and PH-ILD remains ongoing. To date, participants have safely titrated to the study’s maximum dose twice daily, which is comparable to 26-28 breaths of Tyvaso® administered four times per day. The FDA has confirmed that a single, placebo-controlled, global pivotal study in PH-ILD patients would support seeking approval to treat both PAH and PH-ILD patients.

    Strengthened financial position by amending HCRx agreement to incrementally add up to $100 million
    In March 2025, Liquidia entered into an amendment to its agreement with HCRx (HCR Agreement) to provide for up to an additional $100 million of financing in three tranches. Under the terms of the agreement, Liquidia received $25.0 million at closing with the potential to receive two additional tranches of funding: $50.0 million upon the first commercial sale of YUTREPIA following receipt of final FDA approval for the treatment of PAH and PH-ILD, so long as no injunction has been issued prohibiting Liquidia from commercializing YUTREPIA for either or both of PAH and PH-ILD, and $25.0 million upon the mutual agreement of the parties after achieving aggregate net sales of YUTREPIA in excess of $100 million any time on or prior to June 30, 2026.

    Full Year 2024 Financial Results

    Cash and cash equivalents totaled $176.5 million as of December 31, 2024, compared to $83.7 million as of December 31, 2023.

    Revenue was $14.0 million for the year ended December 31, 2024, compared to $17.5 million for the year ended December 31, 2023. Revenue related primarily to the promotion agreement with Sandoz, Inc. pursuant to which we share profits from the sale of Treprostinil Injection in the United States (Promotion Agreement). The decrease of $3.5 million was primarily due to lower sales quantities, driven by limitations on the availability of pumps used to administer Treprostinil Injection subcutaneously. Sales quantities will continue to be impacted until alternative pumps are available.

    Cost of revenue was $5.9 million for the year ended December 31, 2024, compared to $2.9 million for the year ended December 31, 2023. Cost of revenue related to the Promotion Agreement as noted above. The increase from the prior year was primarily due to our sales force expansion during the fourth quarter of 2023.

    Research and development expenses were $47.8 million for the year ended December 31, 2024, compared to $43.2 million for the year ended December 31, 2023. The increase of $4.6 million or 11% was primarily due to (i) a $6.1 million increase in expenses related to our L606 program, (ii) a $5.3 million increase in expenses related to YUTREPIA research and development activities, including the ASCENT trial, (iii) a $5.1 million increase in personnel expenses (including stock-based compensation) related to increased headcount, and (iv) a $3.5 million upfront license fee due to Pharmosa for the exclusive license in Europe to develop and commercialize L606 recorded during the year ended December 31, 2024, offset by (i) $5.1 million lower commercial manufacturing expenses reflecting the impact of expensing YUTREPIA inventory costs in the prior year and (ii) a $10.0 million upfront license fee due to Pharmosa for the exclusive license in North America to develop and commercialize L606 recorded during the year ended December 31, 2023.

    General and administrative expenses were $81.6 million for the year ended December 31, 2024, compared to $44.7 million for the year ended December 31, 2023. The increase of $36.9 million or 82% was primarily due to (i) a $19.7 million increase in personnel expenses (including stock-based compensation) driven by higher headcount and expansion of our sales force in the fourth quarter of 2023, (ii) a $7.9 million increase in legal fees related to our ongoing YUTREPIA-related litigation, and (iii) a $6.8 million increase in commercial expenses in preparation for the potential commercialization of YUTREPIA.

    Total other expense, net was $9.1 million for the year ended December 31, 2024, compared to $5.1 million for the year ended December 31, 2023. The increase of $4.0 million was primarily driven by a $2.0 million increase in the net loss on extinguishment of debt resulting from the Fourth and Fifth Amendments to the HCR Agreement, which were executed in January 2024 and September 2024, respectively. Additionally, there was a $6.2 million increase in interest expense attributable to the higher borrowings under the HCR Agreement compared to the prior year and a $4.2 million increase in interest income attributable to higher money market balances.

    Net loss for the year ended December 31, 2024, was $130.4 million or $1.66 per basic and diluted share, compared to a net loss of $78.5 million, or $1.21 per basic and diluted share, for the year ended December 31, 2023.

    About YUTREPIA™ (treprostinil) Inhalation Powder
    YUTREPIA is an investigational, inhaled dry-powder formulation of treprostinil delivered through a convenient, low-effort, palm-sized device. In August 2024, the FDA issued tentative approval of YUTREPIA for the PAH and PH-ILD indications. YUTREPIA was designed using Liquidia’s PRINT® technology, which enables the development of drug particles that are precise and uniform in size, shape and composition, and that are engineered for enhanced deposition in the lung following oral inhalation. Liquidia has completed INSPIRE, or Investigation of the Safety and Pharmacology of Dry Powder Inhalation of Treprostinil, an open-label, multi-center phase 3 clinical study of YUTREPIA in patients diagnosed with PAH who are naïve to inhaled treprostinil or who are transitioning from Tyvaso® (nebulized treprostinil). YUTREPIA is currently being studied in the ASCENT trial, an Open-Label Prospective Multicenter Study to Evaluate Safety and Tolerability of Dry Powder Inhaled Treprostinil in Pulmonary Hypertension, to evaluate the safety and tolerability of YUTREPIA in PH-ILD patients. YUTREPIA was previously referred to as LIQ861 in investigational studies.

    About L606 (liposomal treprostinil) Inhalation Suspension
    L606 is an investigational, sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer. The L606 suspension uses Pharmosa Biopharm’s proprietary liposomal formulation to encapsulate treprostinil which can be released slowly at a controlled rate into the lung, enhancing drug exposure over an extended period of time. L606 is currently being evaluated in an open-label study in the United States for treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD) with a planned global pivotal placebo-controlled efficacy study for the treatment of PH-ILD.

    About Treprostinil Injection
    Treprostinil Injection is the first-to-file, fully substitutable generic treprostinil for parenteral administration. Treprostinil Injection contains the same active ingredient, same strengths, same dosage form and same inactive ingredients as Remodulin® (treprostinil) and is offered to patients and physicians with the same level of service and support, but at a lower price than the branded drug. Liquidia PAH promotes the appropriate use of Treprostinil Injection for the treatment of PAH in the United States in partnership with its commercial partner, Sandoz, who holds the Abbreviated New Drug Application (ANDA) with the FDA.

    About Pulmonary Arterial Hypertension (PAH)
    Pulmonary arterial hypertension (PAH) is a rare, chronic, progressive disease caused by hardening and narrowing of the pulmonary arteries that can lead to right heart failure and eventually death. Currently, an estimated 45,000 patients are diagnosed and treated in the United States. There is currently no cure for PAH, so the goals of existing treatments are to alleviate symptoms, maintain or improve functional class, delay disease progression and improve quality of life.

    About Pulmonary Hypertension Associated with Interstitial Lung Disease (PH-ILD)
    Pulmonary hypertension (PH) associated with interstitial lung disease (ILD) includes a diverse collection of up to 150 different pulmonary diseases, including interstitial pulmonary fibrosis, chronic hypersensitivity pneumonitis, connective tissue disease related ILD, and chronic pulmonary fibrosis with emphysema (CPFE) among others. Any level of PH in ILD patients is associated with poor 3-year survival. A current estimate of PH-ILD prevalence in the United States is greater than 60,000 patients, though actual prevalence in many of these underlying ILD diseases is not yet known due to factors including underdiagnosis and lack of approved treatments until March 2021 when inhaled treprostinil was first approved for this indication.

    About Liquidia Corporation
    Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of Liquidia’s lead candidate, YUTREPIA™ (treprostinil) inhalation powder, an investigational drug for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD).  The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer, and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.

    Remodulin® and Tyvaso® are registered trademarks of United Therapeutics Corporation.

    Cautionary Statements Regarding Forward-Looking Statements
    This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including statements regarding our future results of operations and financial position, our strategic and financial initiatives, our business strategy and plans and our objectives for future operations, are forward-looking statements. Such forward-looking statements, including statements regarding clinical trials, clinical studies and other clinical work (including the funding therefor, anticipated patient enrollment, safety data, study data, trial outcomes, timing or associated costs), regulatory applications and related submission contents and timelines, including the potential for final FDA approval of the NDA for YUTREPIA, which may occur after the expiration of the exclusivity period of TYVASO DPI, if at all, the timelines or outcomes related to patent litigation with United Therapeutics in the U.S. District Court for the District of Delaware, litigation with United Therapeutics and FDA in the U.S. District Court for the District of Columbia or other litigation instituted by United Therapeutics or others, including rehearings or appeals of decisions in any such proceedings, the issuance of patents by the USPTO and our ability to execute on our strategic or financial initiatives, the potential for additional funding under the HCR Agreement, our anticipated use of net proceeds funded under the HCR Agreement, our estimates regarding future expenses, capital requirements and needs for additional financing, and potential revenue and profitability of YUTREPIA, if approved, involve significant risks and uncertainties and actual results could differ materially from those expressed or implied herein. The favorable decisions of courts or other tribunals are not determinative of the outcome of the appeals or rehearings of the decisions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would,” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks discussed in our filings with the SEC, as well as a number of uncertainties and assumptions. Moreover, we operate in a very competitive and rapidly changing environment and our industry has inherent risks. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that these goals will be achieved, and we undertake no duty to update our goals or to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact Information

    Investors:
    Jason Adair
    Chief Business Officer
    919.328.4350
    Jason.adair@liquidia.com

    Media:
    Patrick Wallace
    Director, Corporate Communications
    919.328.4383
    patrick.wallace@liquidia.com

    Liquidia Corporation 
    Select Condensed Consolidated Balance Sheet Data (unaudited) 
    (in thousands)
            December 31,        December 31,     
            2024          2023     
    Cash and cash equivalents       $   176,479           $   83,679      
    Total assets       $   230,313           $   118,332      
    Total liabilities       $   153,038           $   71,039      
    Accumulated deficit       $   (559,492 )        $   (429,098)    
    Total stockholders’ equity       $   77,275           $   47,293      

     

    Liquidia Corporation 
    Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) 
    (in thousands, except share and per share amounts)
          Full Year Ended

    December 31,

    		  
          2024         2023     
    Revenue     $  13,996         $  17,488     
    Costs and expenses:                         
    Cost of revenue     $  5,879         $  2,888      
    Research and development     $ 47,842         $  43,242     
    General and administrative     $ 81,569         $  44,742      
    Total costs and expenses     $  135,290         $  90,872      
    Loss from operations     $  (121,294  )      $  (73,384  )  
    Other income (expense):                         
    Interest income     $  7,654         $  3,466      
    Interest expense     $  (12,486 )      $  (6,273 )  
    Gain (loss) on extinguishment of debt   $ (4,268 )     $ (2,311 )  
    Total other expense, net     $  (9,100  )      $ (5,118  )  
    Net loss and comprehensive loss     $  (130,394  )      $  (78,502  )  
    Net loss per common share, basic and diluted     $  (1.66  )      $  (1.21  )  
    Weighted average common shares outstanding, basic and diluted     $ 78,707,503         $ 64,993,476     
                         

    The MIL Network –

  • MIL-OSI: Castellum Announces Closing of $4.5 Million Public Offering of Common Stock and Warrants

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., March 19, 2025 (GLOBE NEWSWIRE) — Castellum, Inc. (the “Company” and “Castellum”) (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, today announced the closing of its previously announced public offering of 4,500,000 Units at a public offering price of $1.00 per Unit. Each unit consisted of one share of common stock and one warrant to purchase one share of common stock. The warrants are immediately exercisable at $1.08 per share and will expire 60 days from the date of issuance. The shares of common stock and warrants are immediately separable and were issued separately.

    Gross proceeds from the offering were approximately $4.5 million before deducting placement agent fees and offering expenses. Castellum intends to use the net proceeds of the offering for working capital and general corporate purposes.

    Maxim Group LLC acted as the sole placement agent, on a reasonable best-efforts basis for the offering.

    A shelf registration statement on Form S-3 (File No. 333-284205) relating to the securities being offered was previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on January 24, 2025. The shares of common stock and shares underlying the warrants were offered only by means of a prospectus. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the public offering have been filed with the SEC. A final prospectus supplement and an accompanying prospectus relating to the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the public offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About Castellum, Inc.

    Castellum, Inc. (NYSE-American: CTM) is a defense-oriented technology company that is executing strategic acquisitions in the cybersecurity, MBSE, and information warfare areas – http://castellumus.com/.

    Forward-Looking Statements:

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Words such as “will,” “would,” “believe,” and “expects,” and similar language or phrasing are indicative of forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to close the described equity financing; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget; and the Company’s ability to maintain the listing of its common stock on the NYSE American LLC. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in Item 1A. “Risk Factors” section of the Company’s recently filed Form 10-Q, Item 1A. “Risk Factors” in the Company’s most recent Form 10-K, and other filings with the Securities and Exchange Commission which can be viewed at www.sec.gov. These risks and uncertainties, or not closing the described potential equity financing in this press release, could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

    Contact:

    Glen Ives
    President and Chief Executive Officer
    Phone: (703) 752-6157
    Info@castellumus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0792b57-251a-4b24-8adf-09fcf21736c1

    The MIL Network –

  • MIL-OSI Africa: African Markets Digitalize Mining Licensing to Boost Investments

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

    CAPE TOWN, South Africa, March 18, 2025/APO Group/ —

    African countries rich in minerals are accelerating the digitalization of their mining licensing processes to attract investment and maximize resource exploitation for economic growth. As part of this push, Zambia launched its Zambia Integrated Mining Information System last month, aiming to streamline the awarding of licenses. The digital platform is set to play a key role in attracting mining partners and help the country reach its goal of increasing copper production to 3.1 million metric tons by 2031. This launch follows a record-breaking $9.3 billion in mining investments in 2024 and a 79% increase in permits granted, reflecting growing global interest in Zambia’s mining potential.

    As African markets increasingly adopt digital solutions to simplify licensing procedures, African Mining Week will be at the forefront of this transformation, showcasing the vast potential of the continent’s digitalized mining sector. The event will highlight lucrative investment opportunities across various markets, featuring numerous mining blocks being licensed by African nations.

    South Africa, historically a major gold producer, plans to leverage its first digital mining licensing system to attract new investors and diversify its mining sector. Set for launch by June 2025, the system will improve the efficiency and transparency of the licensing process, reducing the time required to initiate new mining projects, including those for platinum group metals, according to Gwede Mantashe, South African Minister of Mineral Resources and Petroleum.

    Tanzania is also streamlining its mining sector with a new licensing management system designed to maximize investments in lithium, graphite and rare earth minerals – commodities that are experiencing soaring global demand. According to Aziza Swedi, Acting Director of the Tanzania Mining Commission, the country has issued 54,626 mining licenses over a seven-year period through November 2024, with plans to expedite future licensing via its digital platform.

    Rwanda has embraced digital transformation in its mining sector with the launch of the Inkomane Digital platform in October 2024. Companies such as Aterian have aligned their mineral trading operations with this tool. The platform connects mining companies, trading partners and regulatory bodies like the Rwanda Revenue Authority, enhancing compliance, workforce management, payroll generation and monitoring of mining activities. Similarly, Nigeria introduced its Mineral Resources Decision Support System in May 2024 to attract investors to its vast solid mineral reserves. The platform serves as a one-stop shop, offering easy access to geological and policy data while enabling investors to seamlessly apply for mining permits.

    As more African nations integrate digital tools into their mining sectors, African Mining Week will spotlight the digitalization of mining operations across the continent. The event will feature discussions on new licensing systems and highlight the investment opportunities emerging as African nations unlock their mineral wealth.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    MIL OSI Africa –

  • MIL-OSI Banking: Statement of the Monetary Policy Committee 19 March 2025

    Source: Central Bank of Iceland

    The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 7.75%. All Committee mem0bers voted in favour of the decision.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Governor, Reserve Bank of India meets Chairmen and MD & CEOs of select Urban Cooperative Banks at Mumbai on March 19, 2025

    Source: Reserve Bank of India

    The Governor, Reserve Bank of India today held a meeting with the Chairmen, Managing Director & Chief Executive Officers of select Urban Cooperative Banks (UCBs) across all Tiers operating in different parts of the country. The representatives from industry bodies viz., National Urban Cooperative Finance and Development Corporation Limited (NUCFDC) and National Federation of Urban Co-operative Banks & Credit Societies Limited (NAFCUB) also participated in the meeting. The meeting was a part of the Reserve Bank’s series of engagement with its Regulated Entities.

    The meeting was also attended by Deputy Governors, Shri M. Rajeshwar Rao and Shri Swaminathan J., along with Executive Directors-in-Charge of Regulation and Supervision.

    The Governor, in his opening remarks, acknowledged the important role of Urban Cooperative Banks in serving the people at the grassroots level and deepening financial inclusion. He stated that Reserve Bank will continue to support the sector in its growth ambitions but emphasised that UCBs also need to be mindful of their responsibilities, particularly in view of the trust reposed on them by the depositors. He stressed the importance of maintaining high standards of customer service to build and retain trust. UCBs were also advised to ensure that they remain operationally resilient including against IT and cyber-related risks.

    The participants shared their feedback and gave various suggestions during the interactive session of the meeting.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2415

    MIL OSI Global Banks –

  • MIL-OSI Banking: Danish economy well-balanced despite uncertain times

    Source: Danmarks Nationalbank

    19 March 2025

    The Danish economy is fundamentally balanced and there are prospects for good growth, continued high employment and low, stable inflation in the coming years.

    Growth in the Danish economy is expected to be fuelled by developments in the domestic economy to a greater extent than in recent years. Further progress in the activities abroad of large, global Danish companies, which are recognised in Danish value added, will also contribute to growth.

    “The relatively high growth in the projection of 3.6 per cent this year includes the development of Danish production abroad and the reopening of the Tyra field. Without these two factors, we estimate that the Danish economy will grow more moderately at 1.4 per cent this year,” says Christian Kettel Thomsen, Governor of Danmarks Nationalbank.

    “Behind the positive picture of the Danish economy, there are factors that can paint a less attractive picture. The Danish economy has adapted to new challenges in the past, most recently during the pandemic, and this will be needed again if trade conflicts and increased defence spending become commonplace,” says Thomsen.

    If global trade conflicts or the implementation of tariff barriers escalate, it could have a major impact on world trade.

    “Our analyses indicate that increased fragmentation of the global economy or a sharp decline in world trade could mean lower growth and higher prices domestically and globally,” says Thomsen.

    Denmark and Europe are also facing a significant increase in defence spending, which could increase capacity pressure in the economy.

    “If capacity pressure in Denmark increases significantly, it should be offset by fiscal measures that reduce it accordingly. This should be seen in light of the fact that Denmark is currently considered to be in a neutral economic situation,” says Thomsen.

    Danmarks Nationalbank’s expectations in a new projection:

    In our new projection, we expect HICP inflation in Denmark to be 2.0 per cent this year, 1.7 per cent in 2026 and 2027. We expect GDP growth to be 3.6 per cent this year, 2.3 per cent in 2026 and 2.0 per cent in 2027.

    Danmarks Nationalbank’s new analyses of the Danish economy and the new annual report for 2024 can be found on the bank’s website, nationalbanken.dk.

    Enquiries and registrations for the press conference can be directed to press advisor Peter Levring on 2620 1809 and pnbl@nationalbanken.dk.

    MIL OSI Global Banks –

  • MIL-OSI Banking: ADB Sells $2 Billion 10-Year Global Benchmark Bond

    Source: Asia Development Bank

    MANILA, PHILIPPINES (19 March 2025) — The Asian Development Bank (ADB) yesterday priced a $2 billion 10-year global benchmark bond, proceeds of which will be part of ADB’s ordinary capital resources.

    “This offering achieved the highest orderbook at more than $7.2 billion for an ADB 10-year global benchmark issue,” said ADB Treasurer Tobias Hoschka. “We are grateful for the investors’ support of ADB’s mission of achieving sustainable, inclusive, and resilient growth across Asia and the Pacific.”

    The 10-year bond, with a coupon rate of 4.375% per annum payable semi-annually and a maturity date of 22 March 2035, was priced at 99.210% to yield 17.4 basis points over the 4.625% US Treasury notes due February 2035.

    The transaction was lead-managed by Citigroup, Deutsche Bank, HSBC and J.P. Morgan.

    The issue achieved wide primary market distribution with 55% placed in Europe, Middle East, and Africa; 25% in Asia; and 20% in the Americas. By investor type, 40% went to banks, 38% to central banks and official institutions, and 22% to fund managers and other types of investors. 

    ADB plans to raise about $35 billion–$36 billion from the capital markets in 2025.

    ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—49 from the region.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Media Advisory: Registration Open for 58th Annual Meeting of the ADB Board of Governors

    Source: Asia Development Bank

    MANILA, PHILIPPINES (19 March 2025) — The Asian Development Bank (ADB) will hold its 58th Annual Meeting in Milan, Italy, on 4-7 May 2025 under the theme “Sharing Experience, Building Tomorrow”.

    Media are invited to cover the Annual Meeting and should email [email protected] to apply for an invitation. Media representatives include journalists, photographers, camera persons, and media technical crews.

    The Annual Meeting is a unique gathering of Governors from ADB’s 69 members to consider development issues and challenges facing Asia and the Pacific. Several thousand participants, including finance ministers, central bank governors, senior government officials, members of the private sector, representatives of international organizations, civil society, and the media regularly join the meeting.

    A program of seminars is open to the media featuring finance ministers, central bankers, development and industry experts, and ADB Management.  

    For more information, visit the Annual Meeting website and the seminars page.

    Follow #ADBAnnualMeeting and #ADBMilan on Instagram, Facebook, LinkedIn, and X for regular updates.

    ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—49 from the region.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Asian Development Review: Volume 42, Number 1

    Source: Asia Development Bank

    The opening article underscores the importance of knowledge sharing among city governments. Other articles discuss how urban green spaces can reduce flooding and the burning of waste, how growing mungbeans can reduce reliance on chemical fertilizers, and how internet access can increase farmers’ incomes. Authors also examine trade costs in Central Asia and participation in global value chains.

    For print subscription, e-mail: [email protected]

    Using a newly constructed index of trade openness, this paper finds a significant direct effect of openness on poverty reduction.

    Open Submissions

    This paper exploits the staggered roll-out of a landmark Air Quality Monitoring Program in the People’s Republic of China to study the migration response to pollution information disclosure and labor market outcomes.

    This study explores how local elites’ traits influence environmental performance, both before and after the amendment to the Environmental Protection Law.

    This study investigates the impact of green open spaces in reducing the probability of flooding and open waste burning in urban areas in Indonesia’s three largest metropolitan cities: Surabaya, Jakarta, and Medan.

    This paper studies participation by developing Asian economies in global value chains (GVCs) and uses an input–output framework to measure the impacts that GVCs of final manufactured products have on jobs and income.

    This paper investigates whether engagement with e-commerce is linked to increased sales and productivity gains for informal firms in South Asia.

    This study in Nepal assesses the determinants of mungbean adoption and its impact on fertilizer use, agricultural productivity, and food security.

    This paper measures the impact of a micronutrient training among women farmers with young children on the demand for zinc-enhanced varieties.

    This study examines the association between internet use in agriculture and farm earnings in Indonesia.

    This paper identifies and examines income shock and price shock channels through which climatic disasters affect domestic consumption in the case of Bangladesh.

    Mini Symposium on Trade Costs in Central Asia

    This paper analyzes the impact of trade costs on the exports in five Central Asian countries using a structural gravity model and Corridor Performance Measurement and Monitoring trade cost indicators.

    This study examines the effects of at-the-border and behind-the-border measures on the intraregional perishable goods trade in the Central Asia Regional Economic Cooperation region.

    This paper examines the effect of COVID-19 mobility measures on the time required for cargo to clear the border crossing points of Central Asia Regional Economic Cooperation countries.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Pharmaceutical Supply Chain Assessment for Sri Lanka

    Source: Asia Development Bank

    Despite pharmaceuticals being highly accessible and affordable, the report addresses vulnerabilities and explains why Sri Lanka should step up forecasting and data analytics. It shows how rationalizing the list of essential medicines can help improve economies of scale. It explains why adopting a comprehensive strategy that includes strengthening supply chain governance, improving quality assurance, and optimizing storage and distribution would help make Sri Lanka’s pharmaceutical supply chain more efficient and effective.

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Plans for future of Grangemouth

    Source: United Kingdom – Executive Government & Departments

    Press release

    Plans for future of Grangemouth

    Feasibility study published today sets out nine options for Grangemouth’s long term industrial future

    • Next steps to secure Grangemouth’s long-term future 

    • Nine low carbon and renewable options for the site identified in an independent report published today  

    • Plans to secure private investment and a long-term partnership with business backed by £200 million from the UK Government, and £25 million from the Scottish Government

    Plans to secure a long-term industrial future for Grangemouth have been stepped up as a feasibility study sets out nine options for its future.   

    The plan – which is backed by £200 million from the UK Government and £25 million from the Scottish Government – will support jobs, unlock investment and drive growth.   

    The £1.5 million feasibility study – published today by EY – follows the recent decision by Petroineos to decommission the oil refinery.    

    It has identified credible long-term industrial options for the Grangemouth site and explored how it can build on its skilled workforce, local expertise and long heritage as a fuel leader in Scotland to forge a new path in low carbon energy production.     

    The report provides nine proposals likely to attract private investment, including plastics recycling, hydrogen production and other projects that could create up to 800 jobs by 2040, grow the economy, and deliver on both Governments’ shared ambition to secure a long term future for Grangemouth.      

    To kickstart the process, Energy Minister Michael Shanks and Acting Cabinet Secretary for Net Zero and Energy Gillian Martin are co-chairing a meeting this morning (Wednesday 19 March) of the Grangemouth Future Industry Board with local industry leaders, Falkirk Council, trade bodies and unions. Scottish Enterprise and the UK Government’s Office for Investment will work with Petroineos to market the proposals set out in Project Willow and seek investor interest.     

    It follows the Prime Minister’s announcement last month of £200 million to help unlock Grangemouth’s full potential. First Minister John Swinney also announced £25 million to establish a Grangemouth Just Transition Fund, which will support businesses and stakeholders to bring forward investible propositions over the next 12 months for the site.   

    Energy Minister Michael Shanks said:   

    We committed to leaving no stone unturned in supporting an industrial future for Grangemouth delivering jobs and economic growth.   

    This report and the £200 million investment by the UK Government demonstrates that commitment.  

    We will build on Grangemouth’s expertise and industrial heritage to attract investors, secure a long-term clean energy future, and deliver on our Plan for Change.

    Scottish Secretary, Ian Murray, said:  

    The publication of the Project Willow report and the options it sets out marks a significant milestone in our commitment to deliver a long-term, sustainable future for the Grangemouth site which benefits the local community and the Scottish economy.  

    Working alongside the Scottish Government and local partners, we remain committed to supporting the skilled workforce at Grangemouth, and are already working to attract investors for the projects outlined in this report.  

    The Prime Minister recently announced a £200 million investment in Grangemouth through the National Wealth Fund which followed the £100 million Falkirk and Grangemouth Growth Deal, delivered jointly with the Scottish Government. Scotland is at the centre of our Plan for Change as we become a clean energy superpower over the next few years.

    First Minister John Swinney said: 

    We will leave no stone unturned in order to secure the future of the Grangemouth refinery site, and the Scottish Government has already committed or invested a total of £87 million to help do so. 

    Grangemouth is home to over a century of industrial expertise and employs thousands of highly skilled workers, placing the site at a massive competitive advantage and creating a unique opportunity for investors. 

    Everyone working at Grangemouth’s refinery – and in the wider industrial cluster – is a valued employee with skills that are key to Scotland’s economic and net zero future. 

    This report sets out a wide range of viable alternatives for the refinery site, demonstrating that a long term, new industrial future at Grangemouth is achievable. We will continue to work closely with the UK Government to realise these opportunities and Scottish Enterprise stands ready to support inward investors looking to progress any of these technologies.

    Alongside launching a search for investors, both governments have also committed to review the Project Willow policy recommendations and understand how government funding can be deployed to mature proposals from the private sector.  

    The £25 million Grangemouth Just Transition Fund and £200 million from the National Wealth Fund for co-investment are on top of existing investments to ensure the long-term economic future of the Grangemouth area and support the workforce. These include:  

    • The £100 million Falkirk and Grangemouth Growth Deal package, delivered jointly by the Scottish Government and UK Government, to support the community and its workers by investing in local energy projects to create new opportunities for growth in the region. 

    •  Joined up support from the Scottish Government and DESNZ to provide tailored skills support for refinery workers, this includes a training guarantee for all Grangemouth refinery staff to ensure that any worker who would like skills training at the local college is supported, with funding provided by the UK Government – this will help workers into new, good jobs with local employers.    

    Background information

    The nine projects include:  

    • Waste: hydrothermal upgrading (breaking down hard to recycle plastics), chemical plastics recycling, ABE biorefining (breaking down waste material)  

    • Bio-feedstock: breaking down Scottish timber into bioethanol, anaerobic digestion of bioresources and digestate pyrolysis, HEFA (conversion of Scottish cover crops into sustainable aviation fuel and renewable diesel using low carbon hydrogen).  

    • Offshore wind conduit: Replacing natural gas with hydrogen, using low carbon hydrogen to produce methanol and convert it to SAF, producing low carbon ammonia from hydrogen for shipping and chemicals.  

    Any National Wealth Fund investment will be subject to investible propositions and the Fund’s criteria – the proposition must deliver a positive return, drive regional and economic growth or support activity to tackle climate change, invest in key sectors, and crowd in private finance.

    Updates to this page

    Published 19 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Plan for future of Grangemouth

    Source: Scottish Government

    Summary of Project Willow report published

    Plans to secure a long-term industrial future for Grangemouth have been stepped up as a feasibility study sets out nine options for its future.

    The plan – which is backed by £25 million from the Scottish Government and £200 million from the UK Government – will support jobs, unlock investment and drive growth.

    The £1.5 million feasibility study – published today by EY – follows the recent decision by Petroineos to decommission the oil refinery.

    It has identified credible long-term industrial options for the Grangemouth site and explored how Grangemouth can build on its skilled workforce, local expertise and long heritage as a fuel leader in Scotland to forge a new path in low carbon energy production.  

    The report provides nine proposals likely to attract private investment, including plastics recycling, hydrogen production and other projects that could create up to 800 jobs by 2040.

    It follows First Minister John Swinney’s announcement of £25 million to establish a Grangemouth Just Transition Fund, which will support businesses and stakeholders to bring forward investible propositions for the site over the next 12 months, and the Prime Minister’s announcement last month of £200 million to help unlock Grangemouth’s full potential.

    First Minister John Swinney said:

    “We will leave no stone unturned in order to secure the future of the Grangemouth refinery site, and the Scottish Government has already committed or invested a total of £87 million to help do so.

    “Grangemouth is home to over a century of industrial expertise and employs thousands of highly skilled workers, placing the site at a massive competitive advantage and creating a unique opportunity for investors.

    “Everyone working at Grangemouth’s refinery – and in the wider industrial cluster – is a valued employee with skills that are key to Scotland’s economic and net zero future.

    “This report sets out a wide range of viable alternatives for the refinery site, demonstrating that a long term, new industrial future at Grangemouth is achievable. We will continue to work closely with the UK Government to realise these opportunities and Scottish Enterprise stands ready to support inward investors looking to progress any of these technologies.”

    UK Energy Minister Michael Shanks said:  

    “We committed to leaving no stone unturned in supporting an industrial future for Grangemouth delivering jobs and economic growth. 

    “This report and the £200 million investment by the UK Government demonstrates that commitment. 

    “We will build on Grangemouth’s expertise and industrial heritage to attract investors, secure a long-term clean energy future, and deliver on our Plan for Change.” 

    To kickstart the process, Energy Minister Michael Shanks and Acting Cabinet Secretary for Net Zero and Energy Gillian Martin co-chaired a meeting this morning (Wednesday 19 March) of the Grangemouth Future Industry Board with local industry leaders, Falkirk Council, trade bodies and unions. Scottish Enterprise and the UK Government’s Office for Investment will work with Petroineos to market the proposals set out in Project Willow and seek investor interest.   

    Alongside launching a search for investors, both governments have also committed to review the Project Willow policy recommendations and understand how government funding can be deployed to mature proposals from the private sector. 

    Background

    Project Willow: Grangemouth investment opportunities

    The nine projects include: 

    • Waste: hydrothermal upgrading (breaking down hard to recycle plastics), chemical plastics recycling, ABE biorefining (breaking down waste material)
    • Bio-feedstock: breaking down Scottish timber into bioethanol, anaerobic digestion of bioresources and digestate pyrolysis, HEFA (conversion of Scottish cover crops into sustainable aviation fuel and renewable diesel using low carbon hydrogen).
    • Offshore wind conduit: Replacing natural gas with hydrogen, using low carbon hydrogen to produce methanol and convert it to SAF, producing low carbon ammonia from hydrogen for shipping and chemicals. 

    Any National Wealth Fund investment will be subject to investible propositions and the Fund’s criteria – the proposition must deliver a positive return, drive regional and economic growth or support activity to tackle climate change, invest in key sectors, and crowd in private finance. 

    The £25 million Grangemouth Just Transition Fund and £200 million from the National Wealth Fund for co-investment are on top of existing investments to ensure the long-term economic future of the Grangemouth area and support the workforce. These include: 

    – The £100 million Falkirk and Grangemouth Growth Deal package, delivered jointly by the Scottish Government and UK Government, to support the community and its workers by investing in local energy projects to create new opportunities for growth in the region.

    – Joined up support from the Scottish Government and DESNZ to provide tailored skills support for refinery workers; this includes a training guarantee for all Grangemouth refinery staff to ensure that any worker who would like skills training at the local college is supported, with funding provided by the UK Government – this will help workers into new, good jobs with local employers.   

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: CMA clears poultry feed deal

    Source: United Kingdom – Government Statements

    Press release

    CMA clears poultry feed deal

    An independent inquiry group has cleared Boparan’s deal to buy ForFarmers’ Burston and Radstock feed mills.

    iStock

    The Competition and Markets Authority’s (CMA) independent inquiry group has cleared Boparan’s proposed purchase of ForFarmers’ Burston and Radstock feed mill sites, following an in-depth Phase 2 investigation.   

    ForFarmers and Boparan (through 2Agriculture) both manufacture and supply chicken feed and other types of poultry feed in the UK.     

    The inquiry group’s investigation has found that Boparan’s purchase of ForFarmers’ Burston feed mill site could reduce the capacity available to manufacture chicken feed for chicken suppliers in the area around the mill in East Anglia. However, these suppliers will still have choice and the option to switch providers due to competition from other chicken feed providers in the market.  

    Having reviewed the evidence in the round, including the single response received from the parties in response to its interim report, the inquiry group does not believe the merger would lead to a substantial lessening of competition.  

    Kirstin Baker, chair of the independent inquiry group, said:   

    Having assessed the evidence and feedback to our interim report, which suggested that competition would not be harmed, we have given this acquisition clearance to proceed.

    For more information, visit the Boparan / ForFarmers (Burston and Radstock mills) case page.   

    Notes to Editors: 

    1. ForFarmers is a European manufacturer and supplier of animal feed, based in the Netherlands. 2Agriculture, a subsidiary of Boparan, is one of the UK’s largest suppliers of poultry feed and supplies feed to Hook 2 Sisters, a company affiliated with Boparan, as well as farmers on the open market.  

    2. At the Phase 1 investigation stage, the CMA concluded that Boparan’s purchase of the Radstock feed mill site does not raise competition concerns and the sale of this mill has completed.   

    3. The CMA has a statutory duty to promote competition for the benefit of consumers and assesses each case on its individual merits. This includes a duty to investigate mergers that could raise competition concerns in the UK where it has jurisdiction to do so. In this case, the CMA has concluded that the CMA has jurisdiction to review this merger because a relevant merger situation has been created: each of Boparan and ForFarmers’ Burston and Radstock feed mills is an enterprise that will cease to be distinct as a result of the merger and the turnover test is met.  More information on the CMA’s mergers jurisdiction and procedure can be read on its guidance page.  

    4. All media enquiries should be directed to the CMA press office by email on press@cma.gov.uk, or by phone on 020 3738 6460.

    Updates to this page

    Published 19 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Joint Statement from the International Partners Group on the US Withdrawal from the Just Energy Transition Partnership in South Africa

    Source: United Kingdom – Government Statements

    News story

    Joint Statement from the International Partners Group on the US Withdrawal from the Just Energy Transition Partnership in South Africa

    The United States has informed the Government of South Africa and the International Partners Group of its withdrawal from the Just Energy Transition Partnership (JETP).

    The partnership, originally announced at COP 26, aims to support South Africa to move away from coal and to accelerate its transition to a low emission, climate resilient economy. 

    The US contribution to South Africa’s Just Energy Transition (JET), as set out in the JET Investment Plan, was $56m in grant funds and $1bn in commercial debt/equity from the US International Development Finance Corporation (DFC).  

    While the withdrawal of the US is regrettable, the International Partners Group (IPG) remains fully committed to supporting South Africa to deliver its just energy transition. The level of investment made to date and remaining pledges demonstrate this. Over $2.5bn of the IPG pledge has been spent to date. The total pledged funding to support South Africa’s just energy transition also remains higher than the original pledge due to increases in pledges from both the IPG and other development partners who are not part of the IPG. Some partners are exploring possibilities for supporting work previously being carried out by the US.  

    We look forward to continuing to work with the government of South Africa and other stakeholders to allocate existing funding in support of a just energy transition that will benefit all South Africans. The political, technical and financial support from the IPG remains strong and steadfast. 

    On behalf of the International Partners Group – United Kingdom, Germany, France, the European Union, Denmark and the Netherlands.

    Further information

    • overall international pledges is $12.8bn total. This includes over $9bn from IPG and Spain, Switzerland and Canada (excluding Spanish export credits)

    Updates to this page

    Published 19 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: UK, Philippines elevate trade ties through Inaugural Joint Economic Trade Committee

    Source: United Kingdom – Government Statements

    World news story

    UK, Philippines elevate trade ties through Inaugural Joint Economic Trade Committee

    UK Minister for Trade Policy and Economic Security Douglas Alexander and Philippine Department of Trade and Industry Undersecretary Allan B. Gepty sign the Memorandum of Understanding on the Joint Economic and Trade Committee.

    • UK and the Philippines recently held inaugural Joint Economic and Trade Committee (JETCO)
    • JETCO aims to realise potential for UK businesses to sell more to the Philippines, one of the fastest growing economies in Asia
    • News follows recent win for UK beef industry after Philippine ban on UK beef was lifted in addition to the lifting of a poultry ban with both worth a combined £80m over five years.

    Ministers from the UK and the Philippines met in London on Monday, 17 March for trade talks under the first Joint Economic and Trade Committee (JETCO) meeting. The JETCO aims to upgrade the bilateral trade relationship currently worth £2.8 billion in 2024.

    UK Minister for Trade Policy and Economic Security Douglas Alexander and Philippine Department of Trade and Industry Undersecretary Allan B. Gepty agreed to pursue closer cooperation and increased trade across sectors including infrastructure, renewable energy, agriculture, and economic development.

    Minister Alexander stated:

    Today’s talks signify an important new chapter in our trading relationship with the Philippines, one of Asia’s fastest growing economies.

    During the meeting, the UK and the Philippines also committed to progressing work towards a government-to-government Financing Framework Partnership that will expand access to £5 billion financing from UK Export Finance (UKEF) to support the delivery of sustainable public infrastructure and improve paths to UK expertise and technology in the Philippines. 

    Undersecretary Gepty said:

    The UK’s strong presence in Southeast Asia is expected to help stabilise trade and investment relations among economies operating in the region. And the Philippines is able and willing to be UK’s strategic link in the region.

    JETCO also underscored investment opportunities in the Philippines for UK agricultural companies and promoted imports of UK meat following the recent removal of bans on beef and poultry exports from the UK. This move allows Filipino consumers access to UK meats in local market.

    Meanwhile, opportunities in offshore renewable energy will feature heavily in discussions. In 2024, the UK was the largest single investor in the Philippines, driven mainly by investments in renewables. Such opportunities for UK companies were enhanced in 2022 with the removal of foreign equity restrictions for renewable energy companies. 

    JETCO also celebrates the growing digital and tech trade between the UK and the Philippines. Next week will see the UK-Southeast Asia Tech Week in Manila which will bring together UK and Philippine leading tech companies, policymakers, and startups for two days of discussions, networking, and innovation showcases.

    Updates to this page

    Published 19 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI: TransUnion Canada Improves Credit Access for Newcomers and Young Canadians with New Credit Risk Score

    Source: GlobeNewswire (MIL-OSI)

    • TransUnion’s new TruVision Trended Risk Score expands lenders’ insights into consumers who may not otherwise be scoreable, helping increase financial inclusion.
    • The solution is Canada’s only credit score offering built using post-pandemic consumer data, with a view into borrowing and payment behaviour, calculated from more than 100 proprietary variables.

    TORONTO, March 19, 2025 (GLOBE NEWSWIRE) — TransUnion® (NYSE:TRU) Canada is helping expand credit access for new Canadians and those new to the credit market by providing a broader and more comprehensive view of a person’s payment behaviour and creditworthiness with TruVision® Trended Risk Score. The TruVision Trended Risk Score leverages new algorithms and attributes that provide deeper insights on consumers, utilizing data that captures how consumer credit spending and payment patterns have evolved since the pandemic. For New-to-Credit (NTC)1 consumers, TruVision Trended Risk Score leverages the power of signals early in their credit tenure to better predict future risk, giving lenders the insights they need to more confidently offer credit and grow with new consumers.

    “New Canadians and young consumers represent a significant portion of Canada’s population and economic power. They are actively working to build their credit profile and access to credit. With TruVision Trended Risk Score, consumers will be able to build their credit profile quicker and gain access to more credit opportunities,” said Juan Sebastian D’Achiardi, regional president of TransUnion Canada. “By offering lenders a more holistic view of consumers, they will now have better access to behavioural insights and information, increasing their ability to more confidently offer a wider range of products and services.”

    According to Statistics Canada, international migration, including permanent and temporary immigration, continues to drive population growth in Canada, accounting for 92% of all growth in the third quarter of 20242. In 2024, NTC consumers accounted for 28% of new credit cards opened, and 22% of all credit products opened, with new to Canada consumers estimated to account for more than half of that volume.

    Gen Z Canadians, born between 1997 and 2012, remain the fastest growing segment in credit card usage, with an 18% year-over-year (YoY) growth rate in balances, compared to a 4% YoY growth rate among other generations. Gen Z consumers have accumulated $142 billion in overall credit balances as of December 2024, representing a 29.5% YoY increase, significantly outpacing the overall 4.5% balance growth rate.

    While this generation represents a tremendous growth opportunity for lenders, these consumers exhibit higher risk, with a 0.57% delinquency rate (90 days or more days past due), compared to an average of 0.28% across other generations as of Q4 2024. Lenders can still turn to this generation to increase lending and grow by employing effective tools for credit decisioning to manage risk effectively.

    “While navigating an uncertain macroeconomic environment and turbulent market conditions, lenders can now modernize their credit strategies and more confidently grow their portfolios by extending credit to young Canadians, new immigrants, and other Canadians seeking to expand their credit portfolio,” said Pamela Dodaro, chief product officer at TransUnion Canada. “Those that explore innovative ways to monitor rapid changes in consumers’ financial health will be better positioned to capture new and growing consumer segments.”

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries, including Canada, where we’re the credit bureau of choice for the financial services ecosystem and most of Canada’s largest banks. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this by providing an actionable view of consumers, stewarded with care.

    Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    For more information visit: www.transunion.ca

    For more information or to request an interview, contact:

    Contact: Katie Duffy
    E-mail: katie.duffy@ketchum.com
    Telephone: +1 647-772-0969

    1 A New-to-Credit consumer has no prior history on their credit file.
    2 Statistics Canada, The Daily — Canada’s population estimates, third quarter 2024, 2024-12-17. This does not constitute an endorsement by Statistics Canada of this product.

    The MIL Network –

  • MIL-OSI: Energy CEOs to Canadian leaders: An urgent plan to strengthen economic sovereignty

    Source: GlobeNewswire (MIL-OSI)

    • CEOs representing Canada’s energy industry released a letter to Canadian federal political leaders outlining an urgent action plan to strengthen Canadian economic sovereignty, through our energy industry.
    • The open letter calls for a rapid, dramatic regulatory restructuring to enable investment in critical oil and natural gas infrastructure across Canada.

    OTTAWA, Ontario, March 19, 2025 (GLOBE NEWSWIRE) — This morning, an open letter from 14 CEOs representing the four largest pipeline companies and 10 largest oil and natural gas companies was delivered to Canada’s political party leaders. This is in answer to inquiries on how Canada can respond to escalating global energy security challenges and the urgent need for pragmatic energy strategies.

    To read the full letter and view the signatories, please visit: http://www.tcenergy.com/open-letter-to-party-leaders

    Build Canada Now

    “It’s time for Canadians to claim our economic sovereignty. In recent months, each of us have been asked what needs to happen to ensure Canada has control over its economic destiny, and what we can do to make sure we have full access to global markets and trade. We are saying it’s time to roll up our sleeves as a country, and build needed energy structure,” says Adam Waterous, Executive Chairman, Strathcona Resources Ltd.

    “Canadians now recognize the need for us to grow our energy sector and build energy infrastructure, including new oil and natural gas pipelines, and Liquefied Natural Gas (LNG) export terminals. They want a country-wide push to champion our products and pipelines, and to unleash the potential of our natural resources. Everyone wants our country to continue to prosper and our export-focused economy to grow,” he adds.

    Canada has vast reserves of oil and natural gas, and credible forecasts predict they will remain amongst the world’s largest sources of energy for decades to come. Canada can provide for its own domestic needs, while also exporting around the world. The country can be a leader in global energy security by being a provider of affordable, lower emission, democratically and responsibly produced energy. Canada can compete against any major global energy producer.

    “Realizing Canada’s opportunity will take collaboration between industry, government and Canadians. Today, the federal government does not have the right policies, or the regulatory framework to support oil and natural gas investment. Delays in permitting processes for critical infrastructure often results in billions in lost economic opportunities for Canadians. It’s time for change. These are barriers we have imposed on ourselves that need to be removed, now,” says François Poirier, President and Chief Executive Officer, TC Energy.

    An action plan for Canadian leaders

    The letter outlines a clear plan with five calls for action. For the oil and natural gas sector to expand and for energy infrastructure to be built, Canada’s federal political leaders need to:

    • Simplify regulation. The federal government’s Impact Assessment Act and West Coast tanker ban are impeding development and need to be overhauled and simplified. Regulatory processes need to be streamlined, and decisions need to withstand judicial challenges.
    • Commit to firm deadlines for project approvals. The federal government needs to reduce regulatory timelines so that major projects are approved within 6 months of application.
    • Grow production. The federal government’s unlegislated cap on emissions must be eliminated to allow the sector to reach its full potential.
    • Attract investment. The federal carbon levy on large emitters is not globally cost competitive and should be repealed to allow provincial governments to set more suitable carbon regulations.
    • Incent Indigenous co-investment opportunities. The federal government needs to provide Indigenous loan guarantees at scale so industry may create infrastructure ownership opportunities to increase prosperity for communities and to ensure that Indigenous communities benefit from development.

    All CEO signatories of the letter are ready and willing to engage so that energy projects move forward promptly, and construction of critical infrastructure can begin for the benefit of Canada and all Canadians.

    -30-

    Media Inquiries:
    Media Relations
    media@tcenergy.com
    403-920-7859 or 800-608-7859

    A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/1a4b87ee-4ff8-454a-a69b-bc80d7485bcf

    PDF available: http://ml.globenewswire.com/Resource/Download/cdb8d38d-0f01-4259-ab70-aafa5e1cae4c 

    The MIL Network –

  • MIL-OSI: WOO X introduces Futures Credits to help users manage surging BTC volatility

    Source: GlobeNewswire (MIL-OSI)

    KINGSTOWN, St. Vincent and the Grenadines, March 19, 2025 (GLOBE NEWSWIRE) — WOO X has introduced Futures Credits, a new feature that allows traders to use USDT-denominated vouchers as collateral for futures trading. Futures Credits provide additional margin, help cover losses, and can offset trading and funding fees, while any profits remain withdrawable.

    “With trade tensions and economic uncertainty fueling market swings, our newly launched WOO X Futures Credits provide traders with a crucial buffer—helping manage risk while staying flexible to seize opportunities. To be sure, Bitcoin’s volatility has surged, plunging nearly 25% from its $109,071 peak, causing many investors to realize significant losses. The spent output profit ratio has also dropped to its lowest in over a year, signaling widespread losses,” said Ben Yorke, VP of WOO Ecosystem.

    WOO X Futures Credits offer several key benefits, including the ability to increase your position size by providing additional margin. They also help with risk mitigation by covering a percentage of your losses, while offering flexibility to apply credits to any trades without restrictions. Best of all, you can retain the profits from successful trades.

    Earn a share of $30K in Futures Credits with KYC verification!

    Experience using WOO X Futures Credits. New users who complete KYC verification between March 19 to April 1, 2025, will receive $30 in Futures Credits. A total of $30,000 in Futures Credits is available on a first-come, first-served basis.

    Don’t miss out—get started and claim your WOO X Futures Credits today!

    About WOO X

    WOO X is a global centralized crypto futures and spot trading platform offering the best-in-class liquidity and price execution. WOO X has achieved a daily volume exceeding $1.6 billion and is home to hundreds of thousands of traders worldwide. WOO X traders benefit from radical transparency through our industry-first live Proof of Reserves & liabilities dashboard and the company’s mission to maintain the trust of its growing community of traders.

    To learn more about WOO X, download our app or visit our WOO X

    Contact: media@woo.network, paolo@woo.network

    Disclaimer

    The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal advice or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

    Please note that this article includes references to third-party websites and data, which are provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

    Cryptocurrency trading and futures trading involve significant risk and may not be suitable for all investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

    We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies or staking. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8c6f9973-7c37-48d5-b34e-d7da262b75ac

    The MIL Network –

  • MIL-OSI: Beam Global and Zero Motorcycles to Demonstrate Sustainable Product Bundles at Upcoming MotoGP and TEVCON Events

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, March 19, 2025 (GLOBE NEWSWIRE) — Beam Global (NASDAQ: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that together with Zero Motorcycles, the global leader in electric motorcycles, it will demonstrate the BeamPatrol™ and Zero Motorcycles DSR/X and FX product bundles to military, law enforcement, first responder and civilian motorcycle enthusiasts. Demonstration attendees will experience both companies’ technology offerings, combining high performance, low maintenance, cutting edge motorcycles with rapidly deployed, zero construction, zero utility bill, secure and robust sustainable charging infrastructure.

    Beam Global and Zero Motorcycles will host a series of demonstrations starting at two major upcoming events: the prestigious MotoGP in Austin, Texas, on March 27, 2025, and the TEVCON at Broadway Pier in San Diego, California, from April 2 to 4, 2025. The BeamPatrol™ product bundle which includes four Zero Motorcycles DSR/X with law enforcement livery will be on display at TEVCON and attendees will be able to take test rides of DSR/X and FX models in Austin, powered by sunshine.

    “As a longtime Zero rider, I am thrilled to collaborate with Zero Motorcycles, a company that shares our commitment to sustainability and innovation,” said Beam Global CEO, Desmond Wheatley. “We know that law enforcement agencies and others in Europe, Asia and the United States are increasingly looking for the speed, silence and sustainability that Zero’s products deliver. We also know that a bundled product that includes the bikes, the charging infrastructure and all the fuel the bikes will ever consume under a single invoice and deployed in an hour without any on-site work, is a solution which has been welcomed by prospective customers. I’m looking forward to seeing our demo events at MotoGP and TEVCON which will demonstrate the power, performance and economic benefits of electric motorcycles charged by Beam Global’s products.”

    Beam Global’s event pages contain additional detail, and you can schedule a demonstration now by sending an email to beamteam@beamforall.com.

    “Working with Beam Global allows us to further our mission of making electric motorcycles accessible to everyone,” said Zero Motorcycles Christian Marti, SVP Marketing, Sales & Service. “Together, we aim to inspire individuals to embrace electric vehicles not just for their performance, but also for their positive impact on the environment. Riding on Sunshine delivers the ultimate combination of high performance, zero emissions and lower costs.”

    Join Beam Global and Zero Motorcycles at MotoGP and TEVCON to explore the future of transportation and learn more about how electric vehicles can change the world for the better. For more information about the events and to register, visit www.beamforall.com/events.

    About Beam Global
    Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Chicago, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube and X (formerly Twitter).

    Forward-Looking Statements
    This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

    About Zero Motorcycles
    Zero Motorcycles is the global leader in electric motorcycles and powertrains. Designed and crafted in California, Zero Motorcycles combines Silicon Valley technology with traditional motorcycle soul to elevate the motorcycling experience for forward-thinking riders around the world.

    Media Contact
    Andy Lovsted
    +1-858-335-8465
    Press@BeamForAll.com

    Investor Relations
    Luke Higgins
    +1-858-799-4583
    IR@BeamForAll.com

    The MIL Network –

  • MIL-OSI: The Ultimate Game Changers: Gate.io Joins Forces with Oracle Red Bull Racing in F1 to Usher in a New Era of Speed

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, Panama, March 19, 2025 (GLOBE NEWSWIRE) — In a world where extreme speed meets cutting-edge technology, only true game changers can maintain their lead. Recently, Gate.io officially announced its sponsorship of Oracle Red Bull Racing in F1, sparking widespread market attention and discussion. Whether it’s the eight-time championship-winning Red Bull Racing team in F1, or Gate.io, a Web3 pioneer driving industry transformation through innovation, both share the same relentless pursuit of excellence—pushing limits and continuously evolving to dominate their respective arenas.

    As the 2025 F1 season approaches, Gate.io and Oracle Red Bull Racing will join forces to drive innovation through technology, define the future through speed, and create a legacy worthy of game changers.

    Technology-Driven Excellence: The Relentless Pursuit of Game Changers

    In both the crypto market and F1, speed, precision, and innovation determine victory. The partnership between Gate.io and Oracle Red Bull Racing is more than just a branding collaboration—it is the convergence of two industry leaders who share a deep-rooted competitive spirit.

    • Leading with Speed: While Oracle Red Bull Racing team in F1 pushes the boundaries of aerodynamics, Gate.io builds its competitive edge through trading speed. In 2024, Gate.io launched 873 new tokens, including 437 first-listings worldwide, continuously accelerating industry innovation and helping users capture market opportunities.
    • Winning with Precision: Just as Oracle Red Bull Racing fine-tunes its race strategy through data analytics, Gate.io optimizes every trade with intelligent order matching and advanced algorithms, ensuring transactions are executed at the best possible price, giving users an edge in volatile markets.
    • Global Influence: With over 500 million F1 fans worldwide, and Gate.io’s user base surpassing 21 million and growing, this partnership strengthens the global presence of both game changers, extending their reach into new markets.

    Branding Momentum Transition: A Strategic Expansion for the Future

    Gate.io’s sponsorship of Oracle Red Bull Racing is more than just a branding opportunity—it’s a strategic global expansion plan.

    • Targeted Engagement: This partnership is not just about exposure; it’s about reaching the right audience. F1’s global fanbase includes high-net-worth individuals, tech enthusiasts, and finance professionals—key demographics for the crypto industry. Through this collaboration, Gate.io aims to bridge the gap between traditional investors and the future of digital finance.
    • Alliance of Champions: Just as Oracle Red Bull Racing dominates F1, Gate.io is a pioneer in crypto space. As one of the longest-standing exchanges, Gate.io continues to lead through technological innovation, security, and market leadership. This partnership is more than just brand exposure—it’s a union of two elite forces.
    • Brand Influence: Gate.io’s branding will be featured on Oracle Red Bull Racing’s rear wing, nose, headrests, wheel covers, and even on the helmet of four-time World Champion, Max Verstappen. This symbolizes Gate.io’s strength as an industry leader and reinforces its commitment to innovation and excellence on a global stage.

    In the race for market leadership, Gate.io is accelerating with precision and vision, steering toward a broader and more influential future.

    Digital Acceleration: Breaking Barriers to Stay Ahead

    Like the F1 circuit, the digital asset industry is a battlefield where every second defines the future. In this post-CEX era, Gate.io is not just witnessing the evolution of industry. It is actively driving it forward, redefining industry standards through technological breakthroughs and strategic brand expansion.

    • Industry Leader: In January 2025, Gate.io’s total reserves surpassed $10.328 billion, ranking fourth globally. The exchange continues to enhance security frameworks and risk management systems, ensuring a stable and trustworthy trading environment.
    • Brand Accelerator: By integrating blockchain technology with mainstream culture, Gate.io is reshaping public perceptions of crypto. In February 2025, Gate.io sponsored the Token of Love Music Festival, bridging the gap between blockchain technology and global pop culture, drawing Web3 enthusiasts worldwide and broadcasting the creativity and vitality of the crypto industry to the global audience.
    • Value Creator: Gate.io recently completed its Q4 2024 GT token burn, bringing the total burned supply to 177 million GT, reinforcing its commitment to the long-term value of its platform token. With GT surging over 300% in 2024, Gate.io once again proved its strategic foresight in the market.
    • Meme Ecosystem Pioneer: Through its Pilot Section and MemeBox, Gate.io is actively fostering the explosive growth of the Meme ecosystem, helping users capitalize on emerging market trends in real-time.

    In F1, only those who relentlessly optimize their technology and strategy can stay ahead. In crypto, only those who continuously innovate can remain dominant across market cycles. Gate.io understands this fundamental truth—and with over 12 years of technical expertise, it has solidified its position as a long-term leader.

    Game Changers Never Stop
    The F1 race never slows down, and neither does Gate.io’s evolution.As Oracle Red Bull Racing’s cars cut through the air, breaking limits to cross the finish line, and as Gate.io accelerates through market fluctuations to achieve new milestones, both are driven by the same belief: “Only game changers can shape the future.”

    Media Contact:
    Elaine Wang at elaine.w@gate.io

    Disclaimer: This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate.io may restrict or prohibit certain services in specific jurisdictions. For more details, please read the User Agreement: https://www.gate.io/zh/user-agreement.

    Disclaimer: This press release is provided by Gate.io. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/51df6377-d9d4-4ede-ba67-8c9b8258d02a

    The MIL Network –

  • MIL-OSI Global: Putin made Trump wait, then strung him along – it’s clear his war aims in Ukraine have not changed

    Source: The Conversation – Global Perspectives – By Jon Richardson, Visiting Fellow, Centre for European Studies, Australian National University

    US President Donald Trump’s phone call with his Russian counterpart, Vladimir Putin, didn’t take a tangible step towards ending the hostilities in Ukraine, let alone finding an enduring peace. Rather, it provided further evidence of Putin’s ability to string along and outsmart Trump.

    For starters, Putin sent a signal by making Trump wait for more than an hour to talk. Putin was speaking at a televised conference with Russian businesspeople and even made a joke about the delay when told the time for his call was approaching.

    This was clearly designed to show his alpha status, both to Trump and the Russian public. Steve Witkoff, Trump’s special envoy, was reportedly made to wait eight hours by Putin when he arrived in Moscow last week for talks.

    And after Tuesday’s call, Putin only agreed to pause attacks on Ukraine’s energy infrastructure for 30 days, rather than the total ceasefire proposed by Trump and agreed to by Ukrainian President Volodymyr Zelensky.

    And even this agreement lacked clarity. The lengthy Kremlin statement on the call said the pause would only apply to attacks on energy infrastructure, while the vaguer White House read-out said it included a much broader “energy and infrastructure” agreement. The Kremlin will doubtless stick to the narrow concept.

    The Kremlin’s statement also said Trump proposed this idea and Putin reacted positively. This seems implausible given that pausing attacks on energy infrastructure would be the least costly partial ceasefire for Russia to agree to.

    It seems more likely this proposal came from Putin as a “compromise”, even though Trump was earlier threatening fire and brimstone if Russia did not agree to a proper ceasefire.

    Russia will still be able to continue its ground offensive in Ukraine, where it has the upper hand thanks to Ukrainian manpower shortages (despite its own horrendous losses). It will also be able to maintain its bombardment of Ukrainian civilian targets that has already cost possibly as many as 100,000 civilian lives and half a trillion US dollars in mooted reconstruction costs.

    Ukraine, meanwhile, has only rarely hit residential areas in Russia. However, it has achieved considerable success with long-distance drone attacks on Russian oil refineries and energy infrastructure, threatening one of the main funding sources of Moscow’s war effort.

    Putin’s war aims remain unchanged

    The Kremlin’s read-out of the call also noted that various sticking points remain to achieve a full ceasefire in Ukraine.

    These included the Kyiv regime’s “inability to negotiate in good faith”, which has “repeatedly sabotaged and violated the agreements reached.” The Kremlin also accused Ukrainian militants of “barbaric terrorist crimes” in the Kursk region of Russia that Ukraine briefly occupied.

    This is not new language, but shows breathtaking chutzpah. It’s Russia, in fact, that has broken several agreements vowing to respect Ukraine’s borders, as well as numerous provisions of the Geneva Conventions on treatment of civilian populations and prisoners of war. It has even violated the Genocide Convention in the eyes of some scholars.

    That a US president could let this kind of statement go unchallenged underscores the extent of the White House’s volte-face on Ukraine.

    The Kremlin also asserted that a “key principle” for further negotiations must be the cessation of foreign military aid and intelligence to Ukraine.

    Given Trump has already frozen arms and intelligence support to Ukraine to make Zelensky more compliant, Putin no doubt thinks he might do so again. This, in turn, would strengthen Russia’s leverage in negotiations.

    Trump has already given away huge bargaining chips that could have been used to pressure Russia towards a just and enduring outcome. These include:

    • holding talks with Russia without Ukraine present
    • ruling out security guarantees for Ukraine and NATO membership in the longer term, and
    • foreshadowing that Ukraine should cede its sovereign territory in defiance of international law.

    Putin may be content to string out the ceasefire talks as long as he can in the hopes Russian troops can consolidate their hold on Ukrainian territory and completely expel Ukrainian forces from the Kursk region inside Russia.

    He shows no sign of resiling from his key aims since the beginning of the war – to reimpose Russian dominance over Ukraine and its foreign and domestic policies, and to retain the territories it has illegally annexed.

    The fact Moscow has signed treaties to formally incorporate and assimilate these Ukrainian regions fully into Russia – rather than merely occupying them – underlines how this has always been a war of imperial reconquest rather than a response to perceived military threat.

    At the same time, if he can get much of what he wants, Putin may just be tempted to end the war to further a more business-as-usual relationship with the US. Trump has dangled various carrots to encourage Putin to do this, from renewed US investment in Russia to easing sanctions to ice hockey games.

    Ukraine’s lines in the sand

    Ukraine’s immediate reaction to the Trump-Putin call appears to be cautiously accepting of a limited ceasefire on energy infrastructure. This is no doubt to avoid incurring Trump’s wrath.

    At the same time, Ukraine’s bottom line remains firm:

    • Ukraine’s territorial integrity and sovereignty are non-negotiable
    • it must be able to choose its own foreign alliances and partnerships, and
    • it must be able to defend itself, without limits on the size of its army or its weaponry.

    The only way to square the circle would be to freeze the conflict at the current front lines in Ukraine and leave the status of the annexed Ukrainian regions to be resolved in future negotiations.

    But even this would have little credibility unless Russia revoked its annexations and allowed international organisations and observers to enter the region to encourage a modicum of compliance with international law.

    Jon Richardson does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Putin made Trump wait, then strung him along – it’s clear his war aims in Ukraine have not changed – https://theconversation.com/putin-made-trump-wait-then-strung-him-along-its-clear-his-war-aims-in-ukraine-have-not-changed-252497

    MIL OSI – Global Reports –

  • MIL-OSI: PrimeXBT Introduces Cashback as a New Way to Redeem Rewards

    Source: GlobeNewswire (MIL-OSI)

    CASTRIES, Saint Lucia, March 19, 2025 (GLOBE NEWSWIRE) — PrimeXBT, a regulated global multi-asset broker, has introduced a new benefit to its Rewards Center in the form of cashback. Clients can now get back up to 20% of their trading fees and CFD spreads, with the amount being credited directly to their USDT or USD wallets (T&Cs apply). With this update, the broker aims to provide even more value for traders, who can now convert their rewards into real, usable funds, helping offset trading costs.

    Traders can claim cashback on any trades made from 18 February onwards. The amount available depends on their Rewards Center balance at the time of redemption. For example, if a client has paid 100 USDT in fees, they would be eligible for 20 USDT cashback. However, if the client’s Reward Center balance was below 20 USDT, they would only be able to redeem an amount equal to their balance.

    “At PrimeXBT, we’ve always focused on putting our clients’ needs first. We’re committed to consistently providing them with added value through innovations like our Rewards Center. With the introduction of cashback, traders have a new way to redeem rewards, providing them with added flexibility and the ability to optimise their trading strategies,” a PrimeXBT spokesperson said.

    The Rewards Centre is designed to provide traders with valuable incentives that can be used for trading. By completing Trader Tasks, participating in Trade & Earn campaigns, and claiming the Welcome Bonus users can earn up to $6100 in rewards which can be converted into Cashback or redeemed as a Deposit Bonus to increase trading balance by up to 20%, giving them additional funds to trade with. This reward model not only enhances trading opportunities but also encourages traders to develop their skills and market knowledge, creating a more engaging and rewarding trading experience.

    As traders and investors continue searching for the best trading conditions, PrimeXBT stands out for its trader-first approach. Innovative products like its Rewards Center and the recent introduction of Cashback prove the broker’s dedication to giving clients more for less. With such a strong focus on traders’ needs, PrimeXBT continues to offer one of the most rewarding trading experiences available.

    To learn more users can visit PrimeXBT

    Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website. Some services or products may not be available in your jurisdiction. 

    Contact

    PrimeXBT
    pr@primexbt.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d53f74d-0e0f-433f-96db-5a8177925741

    The MIL Network –

  • MIL-OSI China: Taiwan, EU hold 7th Human Rights Consultations, focusing on cooperation and emerging challenges

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    March 7, 2025  

    No. 059  

    The 7th Taiwan-EU Human Rights Consultations were held in Taipei on March 5. The meeting was chaired by Minister without Portfolio Lin Ming-hsin, who led a group of representatives from various Taiwan government agencies. On the EU side, the consultations were attended by Nicoletta Pusterla, Deputy Head of the China, Hong Kong, Macao, Taiwan and Mongolia Division of the European External Action Service, and Domenica Bumma, Policy Officer from the EEAS Human Rights Team. This regular dialogue underscores the long-standing Taiwan-EU exchanges and cooperation on human rights and the two sides’ shared commitment to global human rights development.

     

    The consultations were conducted in an open and constructive manner, with the two sides first exchanging views on recent human rights developments, policy initiatives, actions following Constitutional Court Judgment no. 8 of 2024, and priority action plans. Taiwan shared the progress it has made on multiple national human rights action plans, emphasizing transparency and public participation to ensure an open, inclusive process that effectively responds to societal needs. The participants reaffirmed their steadfast commitment to promoting and defending human rights, democracy, and the rule of law and engaged in in-depth discussions on several key issues.

    With regard to business and human rights, the EU addressed the latest developments concerning the Corporate Sustainability Due Diligence Directive. Taiwan shared updates to its National Action Plan on Business and Human Rights, which stresses a soft-law approach to promoting corporate human rights protection while also exploring potential legislative measures.

     

    Furthermore, a working luncheon was cohosted by Minister Lin Ming-hsin and Deputy Minister of Foreign Affairs François Chihchung Wu. Discussions during the luncheon extended to digital human rights and human rights education. The EU side spoke about its Artificial Intelligence Act and Digital Services Act, which emphasize the need to balance technological development with human rights and privacy protection. Representatives from the Taiwan side provided an introduction to the draft AI basic act, which highlights risk management and data governance. On human rights education, Taiwan presented efforts it has made in schools and public institutions and proposed exploring the feasibility of establishing a Taiwan-EU human rights education cooperation framework to promote academic and educational exchanges.

     

    The consultations further explored gender equality and the rights of the elderly. The two sides reviewed the achievements under the Taiwan-EU Gender Equality Cooperation and Training Framework, and the Taiwan side proposed launching a second phase, focusing on combating online gender-based violence, protecting the rights of diverse gender communities, and deepening gender equality cooperation in the Asia-Pacific region. Regarding elderly rights, the two sides shared their policies on long-term care and age-friendly initiatives, discussing ways to safeguard the rights of older adults in an aging society, including economic security, healthcare, and social participation, while exchanging policy experiences.

     

    On migrant workers’ rights, Taiwan outlined measures to protect foreign domestic workers and distant-water fishermen, including setting up direct hiring mechanisms, improving working conditions, and strengthening legal supervision. The two sides also discussed ways to enhance the rights of disadvantaged migrant workers.

     

    The consultations were followed by an exchange between nongovernmental members of the Executive Yuan’s Human Rights Protection and Promotion Task Force and the EU representatives, marking the first time they engaged in dialogue on the challenges and opportunities in human rights policies faced by both sides.

     

    Taiwan and the EU both uphold the core values of democracy, freedom, and human rights. The two sides have laid a strong foundation for cooperation in these areas. The Taiwan government will continue to enhance human rights standards and ensure alignment with international norms, with the Executive Yuan coordinating interagency efforts. Both sides have expressed that they look forward to developing more concrete cooperation initiatives, fostering experience sharing and policy dialogues to further strengthen the Taiwan-EU partnership, jointly advancing global human rights, and benefiting the international community. (E)

    MIL OSI China News –

  • MIL-OSI China: Global leaders attend eighth Yushan Forum in concrete show of support for Taiwan’s integrated diplomacy

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    March 16, 2025 

    No. 067 

    The eighth Yushan Forum will take place from March 17 to 18 at the Taipei Marriott Hotel. The theme of the event is “New Southbound Policy+: Taiwan, the Indo-Pacific, and a New World.” In line with President Lai Ching-te’s Smart Nation 2.0 policy vision, the meeting is being held parallel to the 2025 Smart City Summit and Expo and the 2050 Net Zero City Expo. The expanded forum will be attended by key political figures, industrial leaders, and experts from New Southbound Policy partner countries and other like-minded nations worldwide, including Denmark, Slovenia, the United States, Japan, the Czech Republic, Poland, Lithuania, Canada, New Zealand, the Philippines, Thailand, Singapore, and India. Participants will discuss how Taiwan leverages its digital state power and innovative technology to promote a digital New Southbound initiative and develop smart solutions with partner countries to jointly advance sustainable prosperity in the region.

     

    On the first day of the event, President Lai will deliver opening remarks in the morning, Vice President Hsiao Bi-khim will hold a luncheon for important guests in the afternoon, and Minister of Foreign Affairs Lin Chia-lung will host a welcome dinner for participants in the evening. Leading political figures attending the forum include Anders Fogh Rasmussen, former Danish Prime Minister and current Chairman of the Alliance of Democracies Foundation; Janez Janša, former Slovenian Prime Minister; Keiji Furuya, Chairman of the Japan-ROC Diet Members’ Consultative Council and member of the Japanese House of Representatives; Pavel Fischer, member of the Czech Senate and Chairman of its Committee on Foreign Affairs, Defence, and Security; Anna Fotyga, former Polish Minister of Foreign Affairs; Mantas Adomenas, former Lithuanian Deputy Minister of Foreign Affairs and current Secretary General of the Polish-based Community of Democracies; and Tony Clement, former Canadian Minister of Health. Other guests include leaders of Taiwanese companies and industrial associations; representatives of globally renowned corporate groups such as Merck, US-based Coupang and Uber, and Thai-based AMATA; and delegates of the US-based Pacific Forum, the Asia Centre from Thailand, and various think tanks and nongovernmental organizations based in Indonesia, India, and other New Southbound Policy partner countries.

     

    Taiwan held the first Yushan Forum in 2017. Now in its eighth iteration, the event has fully demonstrated the achievements of the New Southbound Policy. In line with integrated diplomacy, this year’s forum has been further transformed and elevated into a key discussion platform to connect Taiwan, the Indo-Pacific, and the world, and to incorporate Taiwan’s successful advancements and experiences in various fields into regional dialogue. The forum will make an indispensable contribution to sustainable democracy, sustainable prosperity, and sustainable peace in the Indo-Pacific region. (E)

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Taiwan, EU hold 7th Human Rights Consultations, focusing on cooperation and emerging challenges

    Source: Republic of China Taiwan 3

    March 7, 2025  
    No. 059  

    The 7th Taiwan-EU Human Rights Consultations were held in Taipei on March 5. The meeting was chaired by Minister without Portfolio Lin Ming-hsin, who led a group of representatives from various Taiwan government agencies. On the EU side, the consultations were attended by Nicoletta Pusterla, Deputy Head of the China, Hong Kong, Macao, Taiwan and Mongolia Division of the European External Action Service, and Domenica Bumma, Policy Officer from the EEAS Human Rights Team. This regular dialogue underscores the long-standing Taiwan-EU exchanges and cooperation on human rights and the two sides’ shared commitment to global human rights development.
     
    The consultations were conducted in an open and constructive manner, with the two sides first exchanging views on recent human rights developments, policy initiatives, actions following Constitutional Court Judgment no. 8 of 2024, and priority action plans. Taiwan shared the progress it has made on multiple national human rights action plans, emphasizing transparency and public participation to ensure an open, inclusive process that effectively responds to societal needs. The participants reaffirmed their steadfast commitment to promoting and defending human rights, democracy, and the rule of law and engaged in in-depth discussions on several key issues.
    With regard to business and human rights, the EU addressed the latest developments concerning the Corporate Sustainability Due Diligence Directive. Taiwan shared updates to its National Action Plan on Business and Human Rights, which stresses a soft-law approach to promoting corporate human rights protection while also exploring potential legislative measures.
     
    Furthermore, a working luncheon was cohosted by Minister Lin Ming-hsin and Deputy Minister of Foreign Affairs François Chihchung Wu. Discussions during the luncheon extended to digital human rights and human rights education. The EU side spoke about its Artificial Intelligence Act and Digital Services Act, which emphasize the need to balance technological development with human rights and privacy protection. Representatives from the Taiwan side provided an introduction to the draft AI basic act, which highlights risk management and data governance. On human rights education, Taiwan presented efforts it has made in schools and public institutions and proposed exploring the feasibility of establishing a Taiwan-EU human rights education cooperation framework to promote academic and educational exchanges.
     
    The consultations further explored gender equality and the rights of the elderly. The two sides reviewed the achievements under the Taiwan-EU Gender Equality Cooperation and Training Framework, and the Taiwan side proposed launching a second phase, focusing on combating online gender-based violence, protecting the rights of diverse gender communities, and deepening gender equality cooperation in the Asia-Pacific region. Regarding elderly rights, the two sides shared their policies on long-term care and age-friendly initiatives, discussing ways to safeguard the rights of older adults in an aging society, including economic security, healthcare, and social participation, while exchanging policy experiences.
     
    On migrant workers’ rights, Taiwan outlined measures to protect foreign domestic workers and distant-water fishermen, including setting up direct hiring mechanisms, improving working conditions, and strengthening legal supervision. The two sides also discussed ways to enhance the rights of disadvantaged migrant workers.
     
    The consultations were followed by an exchange between nongovernmental members of the Executive Yuan’s Human Rights Protection and Promotion Task Force and the EU representatives, marking the first time they engaged in dialogue on the challenges and opportunities in human rights policies faced by both sides.
     
    Taiwan and the EU both uphold the core values of democracy, freedom, and human rights. The two sides have laid a strong foundation for cooperation in these areas. The Taiwan government will continue to enhance human rights standards and ensure alignment with international norms, with the Executive Yuan coordinating interagency efforts. Both sides have expressed that they look forward to developing more concrete cooperation initiatives, fostering experience sharing and policy dialogues to further strengthen the Taiwan-EU partnership, jointly advancing global human rights, and benefiting the international community. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Global leaders attend eighth Yushan Forum in concrete show of support for Taiwan’s integrated diplomacy

    Source: Republic of China Taiwan 3

    March 16, 2025 
    No. 067 

    The eighth Yushan Forum will take place from March 17 to 18 at the Taipei Marriott Hotel. The theme of the event is “New Southbound Policy+: Taiwan, the Indo-Pacific, and a New World.” In line with President Lai Ching-te’s Smart Nation 2.0 policy vision, the meeting is being held parallel to the 2025 Smart City Summit and Expo and the 2050 Net Zero City Expo. The expanded forum will be attended by key political figures, industrial leaders, and experts from New Southbound Policy partner countries and other like-minded nations worldwide, including Denmark, Slovenia, the United States, Japan, the Czech Republic, Poland, Lithuania, Canada, New Zealand, the Philippines, Thailand, Singapore, and India. Participants will discuss how Taiwan leverages its digital state power and innovative technology to promote a digital New Southbound initiative and develop smart solutions with partner countries to jointly advance sustainable prosperity in the region.
     
    On the first day of the event, President Lai will deliver opening remarks in the morning, Vice President Hsiao Bi-khim will hold a luncheon for important guests in the afternoon, and Minister of Foreign Affairs Lin Chia-lung will host a welcome dinner for participants in the evening. Leading political figures attending the forum include Anders Fogh Rasmussen, former Danish Prime Minister and current Chairman of the Alliance of Democracies Foundation; Janez Janša, former Slovenian Prime Minister; Keiji Furuya, Chairman of the Japan-ROC Diet Members’ Consultative Council and member of the Japanese House of Representatives; Pavel Fischer, member of the Czech Senate and Chairman of its Committee on Foreign Affairs, Defence, and Security; Anna Fotyga, former Polish Minister of Foreign Affairs; Mantas Adomenas, former Lithuanian Deputy Minister of Foreign Affairs and current Secretary General of the Polish-based Community of Democracies; and Tony Clement, former Canadian Minister of Health. Other guests include leaders of Taiwanese companies and industrial associations; representatives of globally renowned corporate groups such as Merck, US-based Coupang and Uber, and Thai-based AMATA; and delegates of the US-based Pacific Forum, the Asia Centre from Thailand, and various think tanks and nongovernmental organizations based in Indonesia, India, and other New Southbound Policy partner countries.
     
    Taiwan held the first Yushan Forum in 2017. Now in its eighth iteration, the event has fully demonstrated the achievements of the New Southbound Policy. In line with integrated diplomacy, this year’s forum has been further transformed and elevated into a key discussion platform to connect Taiwan, the Indo-Pacific, and the world, and to incorporate Taiwan’s successful advancements and experiences in various fields into regional dialogue. The forum will make an indispensable contribution to sustainable democracy, sustainable prosperity, and sustainable peace in the Indo-Pacific region. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI: Struggling with High Costs and Inefficiencies in Global Gaming Support? GPTBots.ai Reinvents Customer Service with AI

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, March 19, 2025 (GLOBE NEWSWIRE) — GPTBots.ai has partnered with an international gaming company to transform its customer service operations. By seamlessly integrating GPTBots’ AI-powered solution into the client’s existing Livechat system, the collaboration has significantly enhanced service efficiency, reduced workload, and improved player satisfaction.

    Challenges of a Growing Global Business

    Initially, the gaming company relied on Livechat as its primary tool for real-time customer support. This system enabled the support team to handle inquiries related to system updates, account issues, and game events, ensuring a direct and responsive communication channel with players.

    However, as the company’s global business expanded and its player base grew, the limitations of solely using Livechat became increasingly evident. The client encountered several challenges:

    • High Volumes of Repetitive Inquiries: Questions about system maintenance schedules, privacy compliance, and game events overwhelmed the support team, consuming valuable resources.
    • Global Player Base Demands: The need for multi-language support and 24/7 availability to cater to players across different time zones placed immense pressure on the team.
    • Efficiency Bottlenecks: Despite Livechat’s capabilities, the growing workload hindered the team’s ability to maintain response speed and quality.

    GPTBots’ Tailored AI Solution

    To address these challenges, GPTBots implemented a customized AI-powered solution designed to complement and enhance the client’s existing Livechat system. Key features included:

    • Seamless Livechat Integration: AI agents managed the majority of repetitive inquiries, escalating unresolved or complex issues to human agents when necessary.
    • Advanced Intent Recognition: The AI accurately identified user intents and routed queries to the appropriate knowledge base for swift resolution.
    • Efficient Knowledge Base Retrieval: Leveraging scenario-specific knowledge bases, the AI provided quick, accurate, and multilingual responses, significantly reducing response times.

    Tangible Results Delivered

    The deployment of GPTBots’ AI solution delivered measurable and impactful results:

    • 65% Reduction in Workload: The AI bot efficiently handled repetitive inquiries, allowing human agents to focus on more complex and high-value issues.
    • Faster Response Times: Players received instant, accurate answers, resulting in a smoother and more satisfying experience.
    • Enhanced Global Support: Multi-language capabilities and 24/7 availability ensured seamless support for a global player base, alleviating the strain on the support team.
    • Increased Player Satisfaction: Consistent and reliable responses built trust and improved overall satisfaction levels.

    “By integrating seamlessly with Livechat, GPTBots enables businesses to achieve a ‘hassle-free technology upgrade,’ eliminating the need for platform replacement while rapidly improving service efficiency,” said the support team lead. “This integration reduces costs and offers flexible scalability, empowering businesses to embrace intelligent customer service with ease.”

    About GPTBots.ai

    GPTBots.ai is an enterprise AI agent platform that empowers businesses to streamline operations, enhance customer experiences, and drive growth. Offering end-to-end AI solutions across customer service, knowledge search, data analysis, and lead generation, GPTBots enables enterprises to harness the full potential of AI with ease. With seamless integration into various systems, and support for scalable, secure deployments, GPTBots is dedicated to reducing costs, accelerating growth, and helping businesses thrive in the AI era.

    For more information, visit www.gptbots.ai.

    Media Contact:
    Silvia
    Senior Marketing Manager
    marketing@gptbots.ai

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96aeaa2d-26ce-416d-b91b-dc4ed40300ec

    The MIL Network –