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Category: Business

  • MIL-OSI: Castellum, Inc.’s Subsidiary GTMR Achieves CMMI Level 3 Appraisal

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., March 17, 2025 (GLOBE NEWSWIRE) — Castellum, Inc. (NYSE-American: CTM) (“Castellum” or “CTM”), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, announces that its subsidiary Global Technology and Management Resources, Inc (“GTMR”) has been appraised at maturity level 3 (“Maturity Level 3”) of ISACA’s Capability Maturity Model Integration (“CMMI®”). Advanced Network Technology Solutions performed the appraisal. CMMI is a proven, outcome-based performance model and the globally accepted standard for improving capability, optimizing business performance, and aligning operations to business goals.

    An appraisal at Maturity Level 3 indicates the organization is performing at a “defined” level. At this level, processes are well characterized and understood, and are described in standards, procedures, tools and methods. The organization’s set of standard processes, which is the basis for Maturity Level 3, is established and improved over time. CMMI Maturity Level 3 is a requirement for some government proposals and having this appraisal makes Castellum and its subsidiaries more competitive.

    “Organizations worldwide are harnessing CMMI to elevate their business performance to new heights, creating a sustainable competitive advantage in the process. I am very impressed with our CTM and GTMR teams demonstrating our ability as a high-performing organization. CMMI Level 3 will boost our technical evaluation score on new opportunities requiring this certification,” states Drew Merriman, Chief Operating Officer of Castellum and the appraisal sponsor.

    About Castellum, Inc.:

    Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government – https://castellumus.com/.

    Cautionary Statement Concerning 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. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as “estimate,” “project,” “believe,” “anticipate,” “shooting to,” “intend,” “plan,” “foresee,” “likely,” “will,” “would,” “appears,” “goal,” “target” or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities including opportunities arising from its contracts that require CMMI Level 3 and other customers, improvements to cost structure, and profitability. 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 materially from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to compete against new and existing competitors; 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, operating under a prolonged continuing resolution, government shutdown, or breach of the debt ceiling, as well as the imposition by the U.S. government of sequestration in the absence of an approved budget; the ability of the U.S. federal government to unilaterally cancel a contract with or without cause, and more specifically, the potential impact of the U.S. DOGE Service Temporary Organization on government spending and terminating contracts for convenience. For a more detailed description of these and other risk factors, please refer to the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (“SEC”) which can be viewed at www.sec.gov. 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. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.

    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/d47ada75-bfa4-45a3-94a7-4436554fd7bb.

    The MIL Network –

  • MIL-OSI Economics: Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2024-25)

    Source: Reserve Bank of India

    With a view to providing greater convenience to taxpayers, it has been decided to keep the branches of Agency banks, dealing with Government business, open for transactions on March 31, 2025 (Monday-Public Holiday).

    In order to facilitate accounting of Government receipts and payments in the current financial year itself, necessary arrangements have also been made to conduct special clearing operations across the country. Special clearing will be conducted for government cheques on March 31, 2025 for which the Department of Payment and Settlement Systems (DPSS), RBI will issue necessary instructions.

    Notwithstanding the facilitations outlined above, the taxpayers are hereby exhorted to complete their transactions in respect of their tax payables, well in advance.

    Instructions to agency banks for Annual Closing has been issued separately.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2395

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on Jogindra Central Co-operative Bank Ltd., Himachal Pradesh

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated March 12, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Jogindra Central Co-operative Bank Ltd., Himachal Pradesh (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

    The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023. Based on supervisory findings of contravention of statutory provisions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said provisions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank had sanctioned/renewed director related loans in contravention of Section 20 of the BR Act.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2391

    MIL OSI Economics –

  • MIL-OSI Europe: The EBA updates technical standards on the joint decision process for internal model authorisation

    Source: European Banking Authority

    The European Banking Authority (EBA) today published its final draft Implementing Technical Standards (ITS) amending the existing Implementing Regulation on the joint decision process for internal model authorisation under the Capital Requirements Regulation (CRR). The revised ITS incorporate changes to the EU legal framework. This final draft amending ITS are part of the first phase of the EBA roadmap for implementing the EU Banking Package.

    The key amendments include:

    • a revised scope for the use of internal models for regulatory purposes under CRR III, where the possibility of applying these models for operational risk has been removed. As a result, references to the Advanced Measurement Approach (AMA) have been deleted from the scope of the revised ITS.
    • updated references to the ITS and Regulatory Technical Standards (RTS) on the functioning of supervisory colleges, reflecting changes in the revised supervisory colleges regulatory framework.

    Legal basis

    These final draft ITS have been developed in accordance with Article 20(8) of the Regulation (EU) 575/2013 (CRR), as amended by the Regulation (EU) 2024/1623 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor (CRR III).

    MIL OSI Europe News –

  • MIL-OSI Russia: Bashneft’s “green” investments in 2024 amounted to 9.5 billion rubles

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    Bashneft (part of Rosneft) allocated 9.5 billion rubles for environmental projects in 2024. Over the past five years, Bashneft’s green investments have exceeded 37.6 billion rubles.

    Preservation of the environment for future generations is an integral part of the corporate culture of Rosneft Oil Company. The activities of all the Company’s enterprises are aimed at achieving leadership positions in the field of minimizing the impact on the environment and improving the environmental friendliness of production.

    One of the significant areas of Bashneft’s environmental activities is the restoration of forests and aquatic bioresources. In 2024, the Company’s employees planted almost 750 thousand trees on an area of more than 200 hectares in the Republic of Bashkortostan, the Khanty-Mansi Autonomous Okrug – Yugra and the Nenets Autonomous Okrug. This figure exceeds the results of the previous period by 45%.

    As part of initiatives to preserve ecosystems and maintain biodiversity in the regions where it operates, Bashneft is implementing projects to reproduce aquatic bioresources. Oil workers have released more than 160,000 sterlet, muksun and salmon fry into the water bodies of Bashkortostan, the Khanty-Mansiysk and Nenets Autonomous Okrugs. The releases were carried out under the supervision of employees of the departments of state control, supervision and protection of aquatic biological resources, who select suitable water bodies based on optimal conditions for reproduction and restoration of the population.

    The biological treatment facilities of the Ufa group of oil refineries have processed 157 million m3 of wastewater since their launch in 2019. The biological treatment facilities serve not only the Bashneft oil refineries, but also treat wastewater from more than 50 enterprises in the northern industrial zone of Ufa and stormwater. The treatment facilities provide the highest level of purification of industrial, stormwater and domestic wastewater, which increases the volume of reused water in technological processes by 2.5 times. Thanks to the membrane reactor technology, all impurities and microorganisms are removed from the wastewater. As a result, the water quality meets the standards for water bodies used for fisheries.

    Reference:

    ANK Bashneft is one of the oldest enterprises in the country’s oil and gas industry, operating in the extraction and processing of oil and gas. The company’s key assets, including an oil refining and petrochemical complex, are located in the Republic of Bashkortostan. Oil and gas exploration and production are also carried out in the Khanty-Mansiysk Autonomous Okrug – Yugra, the Nenets Autonomous Okrug, the Orenburg Region, the Perm Territory and the Republic of Tatarstan.

    Department of Information and Advertising of PJSC NK Rosneft March 17, 2025

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

    MIL OSI Russia News –

  • MIL-OSI: Bank of Åland Plc: Managers’ Transactions (Johansson)

    Source: GlobeNewswire (MIL-OSI)

    Bank of Åland Plc
    Managers’ Transactions
    March 17, 2025, 12.30 EET

    Managers’ Transactions (Johansson)

    ___
    Person subject to the notification requirement
    Name: Magnus Johansson
    Position: Other senior manager
    Issuer: Ålandsbanken Abp
    LEI: 7437006WYM821IJ3MN73
    Notification type: INITIAL NOTIFICATION
    Reference number: 100481/5/5
    ___
    Transaction date: 2025-03-17
    Outside a trading venue
    Instrument type: SHARE
    ISIN: FI0009001127
    Nature of transaction: SUBSCRIPTION

    Transaction details
    (1): Volume: 1535 Unit price: 37.36 EUR

    Aggregated transactions (1):
    Volume: 1535 Volume weighted average price: 37.36 EUR

    For further information, please contact:
    Peter Wiklöf, Managing Director and Chief Executive, tel +358 40 512 7505

    The MIL Network –

  • MIL-OSI: Bank of Åland Plc: Managers’ Transactions (Erikslund)

    Source: GlobeNewswire (MIL-OSI)

    Bank of Åland Plc
    Managers’ Transactions
    March 17, 2025, 12.30 EET

    Managers’ Transactions (Erikslund) 
    ___
    Person subject to the notification requirement
    Name: Tove Erikslund-Henriksson
    Position: Other senior manager
    Issuer: Ålandsbanken Abp
    LEI: 7437006WYM821IJ3MN73
    Notification type: INITIAL NOTIFICATION
    Reference number: 100427/5/4
    ___
    Transaction date: 2025-03-17
    Outside a trading venue
    Instrument type: SHARE
    ISIN: FI0009001127
    Nature of transaction: SUBSCRIPTION

    Transaction details
    (1): Volume: 837 Unit price: 37.36 EUR

    Aggregated transactions (1):
    Volume: 837 Volume weighted average price: 37.36 EUR

    For further information, please contact:
    Peter Wiklöf, Managing Director and Chief Executive, tel +358 40 512 7505

    The MIL Network –

  • MIL-OSI: Global Transdermal Patch Market Size Transdermal Patches Clinical Trials Approved Patches Price Dosage Market Forecast 2030

    Source: GlobeNewswire (MIL-OSI)

    Delhi, March 17, 2025 (GLOBE NEWSWIRE) — Global Transdermal Patch Market Opportunity, Patch Dosage, Price & Clinical Trials Insight 2030 Report Highlights & Findings:

    • Global Transdermal Patch Market Opportunity: US$ 18 Billion By 2030
    • US Currently Dominating Global Transdermal Patch Market: > US$ 4 Billion
    • China To Emerge Growing Market For Transdermal Patches By 2030
    • Currently More Than 60 Patches Are Approved Globally
    • Approved Patches Market Availability, Dosage & Price Analysis
    • Global Transdermal Market Insights By Region & Indications
    • Comprehensive Insight On Clinical Trials By Company, Indication & Phase
    • Competitive Landscape: Insight On Key Companies

    Download Report: https://www.kuickresearch.com/report-transdermal-patch-market-fda-approved-patch

    The global market for transdermal patches is experiencing rapid transformation, providing advanced solutions for the controlled administration of therapeutic agents across a range of medical conditions, including cardiovascular diseases, pain management, hormonal therapies, and neurological disorders. Currently, there are over 60 transdermal patches approved for various therapeutic applications, and the market has witnessed substantial growth in recent years, largely due to the rising demand for non-invasive and sustained drug delivery systems. The availability of both branded and generic versions of these patches enhances their commercialization, making them more accessible to a wider patient demographic while simultaneously increasing competition among manufacturers.

    A significant factor influencing the commercial dynamics of the transdermal patch market is the expiration of patents on branded products, which has led to a notable increase in affordable generic alternatives. For instance, the branded Nitro-Dur transdermal film, utilized for treating angina, is priced at US$ 743.17 for a 30-count package in the US, whereas generic options are now available for just US$ 31.55 for the same quantity. Likewise, the branded Catapres-TTS clonidine patch is sold for US$ 312.26 for a pack of four, while generic versions can be purchased for US$ 50.98 for the same amount. This influx of generic alternatives is altering market dynamics by making transdermal treatments more cost-effective, thereby improving accessibility for patients who may have previously found branded options unaffordable. However, this shift also heightens competition, as manufacturers strive to distinguish their products based on price, effectiveness, and additional features such as abuse-deterrent technologies.

    Funding also plays a pivotal role in the advancement and commercialization of transdermal patch technologies. A notable instance is Nutriband Inc., which successfully secured US$ 8.4 million to facilitate the commercial development of its Aversa™ Fentanyl transdermal patch. This patch incorporates Nutriband’s Aversa™ abuse-deterrent technology, designed to mitigate the risks associated with opioid misuse and accidental exposure. The company intends to file a 505(b)(2) New Drug Application (NDA) for FDA approval, which would necessitate only a Phase 1 clinical trial. If successful, the Aversa™ patch could achieve peak annual sales between US$ 80 million and US$ 200 million, with opportunities for developing similar abuse-deterrent patches for other medications. This example underscores the increasing significance of obtaining funding to foster the development of innovative and commercially viable transdermal patch technologies, particularly those prioritizing patient safety.

    Moreover, collaboration among companies is an essential strategy for propelling the transdermal patch market forward. A prominent example is the partnership between Medherant and Bayer, which seeks to create a transdermal patch for the delivery of an already-approved oral medication. This collaboration, which commenced with formulation development and has advanced to non-clinical studies, highlights the potential for established pharmaceutical companies to utilize the innovative technologies of smaller firms to enhance their product offerings. Should this endeavor prove successful, Bayer and Medherant plan to negotiate a licensing agreement, potentially leading to the market introduction of this novel patch. Such partnerships are increasingly prevalent in the transdermal patch industry, as they enable both parties to merge their expertise and resources to expedite the development and commercialization of new therapies.

    Therefore, the transdermal patch market is set for sustained expansion, influenced by several key factors such as the growing preference for non-invasive drug delivery methods, the emergence of generic options, the effectiveness of cutting-edge technologies, and collaborative efforts between large and small enterprises. As an increasing number of patches progress through clinical trials and obtain regulatory clearance, the competitive environment is expected to intensify, prompting companies to emphasize differentiation through pricing strategies, technological advancements, and enhancements in patient safety. With a strong pipeline of transdermal products under development and broadening global market prospects, this sector offers significant potential for both innovation and profitability within the pharmaceutical industry.

    The MIL Network –

  • MIL-OSI: Everything Blockchain Sets Stage for Market Leadership with Launch of Comprehensive Blockchain Consulting Services

    Source: GlobeNewswire (MIL-OSI)

    Jacksonville, FL, March 17, 2025 (GLOBE NEWSWIRE) — Everything Blockchain Inc. (OTC Pink: EBZT), a leader in blockchain technology and Web3 innovations, is proud to announce the launch of its new Strategic and Development Consulting Division, aimed at supporting businesses through advanced blockchain integration, strategic investments, and innovation. This new division expands the company’s ability to serve enterprises as they navigate the rapidly evolving blockchain and Web3 landscape.

    To lead this new initiative, Everything Blockchain has appointed Gleb Zemskiy as Chief Innovation Officer (CIO). Gleb brings over 6 years of hands-on experience in blockchain development, digital strategy, and large-scale project execution. His leadership experience includes founding the first Web3-focused venture capital fund in the CIS region, managing a successful hedge fund, and developing multiple high-frequency trading (HFT) systems, uniquely positioning him to lead the division’s mission of pioneering the future of Web3.

    Gleb is supported by a highly skilled team of ten mathematicians, engineers, and blockchain experts, each selected for their proven track records in innovation and technical excellence. Together, they will deliver customized solutions that directly address client needs, whether through groundbreaking technology development or strategic market insights.

    Arthur Rozenberg, CEO of Everything Blockchain Inc., commented, “The launch of our new consulting division marks a pivotal moment in the growth of Everything Blockchain. Gleb’s leadership, paired with the talented team we’ve assembled, enables us to offer unparalleled expertise in blockchain development, Web3 strategy, and market expansion. We are excited to bring tailored, high-impact solutions to enterprises looking to harness the power of blockchain technology for sustainable growth.”

    Strategic Consulting & Web3 Innovation

    The division’s services focus on three key pillars to support clients in their journey from conceptualization to market leadership:

    • Strategic Investments & Partnerships: By leveraging comprehensive market research and deep industry relationships, Everything Blockchain identifies and fosters investment opportunities that will propel businesses forward, ensuring long-term success.
    • Advanced Research & Insights: Clients benefit from deep insights into the latest trends and emerging technologies within the Web3 ecosystem, equipping them to make data-driven decisions and stay ahead of competitors.
    • Go-To-Market Strategy: Tailored marketing and user engagement strategies designed to drive market adoption and maximize the reach of blockchain-based projects, ensuring a lasting impact.

    Development & Blockchain Integration

    The division also specializes in end-to-end blockchain development services to help businesses scale and optimize operations:

    • Tokenization & Token Development: From ideation to launch, we provide the technical and strategic support necessary to create and scale tokens that unlock new business opportunities and add value across ecosystems.
    • Crypto Payment Infrastructure & Security Solutions: Offering secure, efficient platforms for accepting crypto payments, along with advanced security protocols designed to safeguard digital assets and transactions.
    • Internal Blockchain Development: Helping companies integrate blockchain technology within their existing operations, optimizing processes, and ensuring scalable growth.

    “Joining Everything Blockchain is an exciting opportunity,” said Gleb Zemskiy, CIO. “We are building a division that is deeply committed to pushing the boundaries of Web3 and blockchain innovation. Our team’s expertise, paired with the trust and support of Everything Blockchain, will enable us to significantly impact our clients’ success and drive forward-thinking solutions that address the challenges of tomorrow.”

    The creation of the Strategic and Development Consulting Division represents a critical step in Everything Blockchain’s ongoing mission to empower enterprises with the tools, knowledge, and technology needed to lead in the blockchain era. Investors and stakeholders can expect to see accelerated growth, strategic opportunities, and long-term value creation through this initiative.

    About Everything Blockchain Inc.

    Everything Blockchain, Inc. (OTCMKTS: EBZT) focuses on identifying key challenges and opportunities in AI, blockchain, and cryptocurrency. The company is dedicated to investing in and innovating solutions that empower investors and advance global industries. For more information, visit https://www.ebzt.info/

    Forward-Looking Statements

    This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of blockchain-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. 

    Contact:

     Arthur Rozenberg

    CEO, Everything Blockchain, Inc.

    arthur.rozenberg@everythingblockchain.io

    The MIL Network –

  • MIL-OSI: MEXC Launches DeepLink Protocol (DLC) with Spot and Futures Trading, Offering 16,000,000 DLC & 149,000 USDT to Fuel Decentralized Cloud Gaming

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 17, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announced the listing of DeepLink Protocol (DLC) on both spot and futures markets, scheduled for March 18, 2025, at 12:00 (UTC). To celebrate the launch, MEXC is introducing an Airdrop+ rewards pool totaling 16,000,000 DLC & 149,000 USDT, reinforcing its commitment to supporting cutting-edge blockchain projects.

    Powering Decentralized Cloud Gaming: DeepLink Protocol (DLC) Now Listed on MEXC

    DeepLink Protocol is a decentralized cloud gaming platform powered by AI and blockchain technology, merging Artificial Intelligence, GPU computing, Real-World Asset (RWA) Tokenization, and Decentralized Physical Infrastructure Networks (DePINs) into a unified ecosystem. With ultra-low-latency game rendering, DeepLink enables cloud-based esports, cybercafés, AAA gaming, and immersive virtual experiences, enhancing resolution and clarity through AI-driven optimization. Backed by leading investors such as Amber, DePIN X, and NeoVentures, and with 2.6 million+ users and 1.4 million+ DLC holders, DeepLink is rapidly scaling its ecosystem and sponsoring major blockchain events like WebX, KBW, and TOKEN 2049.

    As a global exchange, MEXC actively supports projects across sectors such as gaming, AI, and DePIN by providing market access, liquidity, and broader exposure. By listing DeepLink Protocol (DLC), MEXC enables more users to capture the investment opportunities in this sector, contributing to the expansion of decentralized gaming within the Web3 ecosystem. Beyond listing, MEXC plays a key role in helping emerging projects build market traction. With an active trading community and deep liquidity, MEXC will support the growth of DLC, ensuring accessibility for both retail and institutional participants. Additionally, through marketing initiatives, ecosystem collaborations, and trading events, MEXC enhances DLC’s visibility, driving engagement among Web3 users and expanding its adoption. By integrating DLC into its diverse asset offerings, MEXC continues to provide a launchpad for innovative projects, bridging blockchain technology with real-world applications.

    Celebrate the DLC Listing with a 16,000,000 DLC & 149,000 USDT Prize Pool

    MEXC continues its mission to support innovative blockchain projects by listing DeepLink Protocol (DLC) in the Innovation Zone on March 18, 2025, at 12:00 (UTC). The DLC/USDT spot market will be available first, followed by the DLC USDT perpetual futures launch at 12:10 (UTC), offering up to 50x leverage in both cross and isolated margin modes.

    To mark the occasion, a 16,000,000 DLC & 149,000 USDT prize pool will be available through a series of exclusive events from March 17, 2025, at 10:00 (UTC) to March 27, 2025, at 10:00 (UTC).

    Event 1: Airdrop+ Rewards

    • Deposit and share 10,000,000 DLC & 99,000 USDT (New user exclusive)
    • Futures Challenge — Trade to share 50,000 USDT in futures bonuses (Open to all users)
    • Invite friends and share 6,000,000 DLC (Open to all users)

    Event 2: Spread the Word and Win DLC Rewards

    • Share the Airdrop+ event on social media between March 17 – March 23, 2025, and win additional DLC rewards.

    Your Easiest Way to Trending Tokens

    MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 34 million by offering a diverse selection of tokens, high-frequency airdrops, competitive fees, and comprehensive liquidity. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This content is provided by MEXC. 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.

    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/2b74b171-c6e8-4d8e-8920-80a3612c24a9

    The MIL Network –

  • MIL-OSI: Ortus Energy and SSE Energy Solutions drive solar adoption at KIA Stockton

    Source: GlobeNewswire (MIL-OSI)

    STOCKTON-ON-TEES, United Kingdom, March 17, 2025 (GLOBE NEWSWIRE) — Ortus Energy, in partnership with SSE Energy Solutions, is pleased to announce the development of a significant solar energy project at the Kia Stockton dealership, in Stockton-On-Tees.

    This initiative reinforces both companies’ commitment to supporting businesses in their transition to clean energy solutions.

    The project has seen the installation of a 601 kWp solar PV system, optimised to maximise the clean energy used at the site. This system is projected to generate 538,000 kWh of clean energy annually, meeting approximately 45% of Kia Stockton’s electricity needs.

    Kia Stockton is demonstrating a strong commitment to sustainability and environmental responsibility with this new solar energy project. By embracing solar power, the dealership will significantly reduce its carbon footprint by 110 tonnes of CO2 per year.

    SSE Energy Solutions is financing the solar installation and has signed a long-term Power Purchase Agreement (PPA) with Kia Stockton, which will enable the dealership to pay a fixed rate for the power generated over 25 years without the need for any upfront investment. PPAs on projects such as Kia Stockton enable businesses to hedge against the volatility of wholesale energy prices, access clean energy to meet their sustainability goals, and gain greater predictability in their energy expenditure.

    “We are thrilled to partner with Kia Stockton and SSE Energy Solutions on this project,” said Alistair Booth, CEO at Ortus Energy. “This installation showcases the growing demand for solar solutions among businesses seeking to reduce their environmental impact and operating costs. It’s a testament to the strength of our partnership with SSE Energy Solutions and our shared commitment to driving the adoption of renewable energy across the UK.”

    “We are excited to partner with Ortus Energy and SSE Energy Solutions on this important initiative,” said Sohail Khan, Managing Director at Opus Motor Group/ Kia Stockton. “This solar project aligns with our commitment to environmental stewardship and will help us reduce our operating costs while providing clean energy for our business and EV Driving Customers.”

    ​​“We are proud of our partnership with Ortus Energy, as we support businesses in driving down costs and emissions. This project is an exciting opportunity, made possible by SSE Energy Solutions funding through a Power Purchase Agreement (PPA), offering an affordable route to renewable energy generation for Kia Stockton.” Jon Kirby, Head of Development at SSE Energy Solutions.

    This project highlights the continued success of the partnership between Ortus Energy and SSE Energy Solutions, which focuses on delivering bespoke solar solutions to businesses across the UK. By combining Ortus Energy’s expertise in solar development with SSE Energy Solutions’ strength and market knowledge, the two companies are accelerating the transition to a cleaner, more sustainable energy future.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/51d2c9d1-0468-4d10-9ca4-caddfa22bfa5

    The MIL Network –

  • MIL-OSI: Barnwell Industries, Inc. Announces Sale of its Water Drilling Subsidiary for $1,050,000

    Source: GlobeNewswire (MIL-OSI)

    HONOLULU, March 17, 2025 (GLOBE NEWSWIRE) — Barnwell Industries, Inc. (NYSE American: BRN) (“Barnwell” or the “Company”) today announced the sale of its wholly owned subsidiary, Water Resources International, Inc. (“Water Resources”), a deep drilling and well pumping specialist in the exploration and development of groundwater resources for government, commercial and private clients in Hawaii, for $1,050,000. Proceeds from the sale will be used for general corporate purposes, with a focus towards reinvestment in the Company’s oil and gas operations. Revenues from the divested business, which was represented as the Company’s Contract Drilling segment, totaled approximately $3,162,000 for the trailing-twelve-months ended December 31, 2024.

    Strategic Rationale

    This transaction represents a further step in Barnwell’s plan for streamlining its holding company operations, simplifying its corporate and accounting structure. This transaction will allow Barnwell’s Board to proceed with its plans to meaningfully decrease general and administrative expenses and public company costs, including implementing such steps as transitioning personnel to Calgary or elsewhere, reducing the Company’s legacy footprint in Hawaii.

    The sale of Water Resources simplifies the equity story for Barnwell as investors will be able to focus on the significant opportunities the Company has identified in its oil and natural gas business. The combination of the proceeds from the sale of Water Resources and anticipated holding company savings also further improves Barnwell’s financial position and balance sheet, which has no bank debt.

    Management Commentary

    Mr. Craig D. Hopkins, Chief Executive Officer of Barnwell, commented, “The sale of Water Resources was an important strategic objective set by the Board of Directors that took significant time and effort to achieve. I am pleased that the current management team was able work collaboratively to deliver on this important initiative to streamline our business, reduce fixed cost, and focus on higher return opportunities.”

    Forward-Looking Statements

    The information contained in this press release contains “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. A forward-looking statement is one which is based on current expectations of future events or conditions and does not relate to historical or current facts. These statements include various estimates, forecasts, projections of Barnwell’s future performance, statements of Barnwell’s plans and objectives, and other similar statements. Forward-looking statements include phrases such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “predicts,” “estimates,” “assumes,” “projects,” “may,” “will,” “will be,” “should,” or similar expressions. Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved. Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements. The risks, uncertainties and other factors that might cause actual results to differ materially from Barnwell’s expectations are set forth in the “Forward-Looking Statements,” “Risk Factors” and other sections of Barnwell’s annual report on Form 10-K for the last fiscal year and Barnwell’s other filings with the Securities and Exchange Commission. Investors should not place undue reliance on the forward-looking statements contained in this press release, as they speak only as of the date of this press release, and Barnwell expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein.

    CONTACT:        

    Craig D. Hopkins
    Chief Executive Officer and President
    Phone: (403) 531-1560
    Email: info@bocl.ca

    Russell M. Gifford
    Executive Vice President and Chief Financial Officer
    Phone: (808) 531-8400
    Email: rmg@brninc.com

    The MIL Network –

  • MIL-OSI: Šiaulių Bankas AB plans a Senior Preferred note offering, subject to market conditions

    Source: GlobeNewswire (MIL-OSI)

    THIS NOTICE CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) No 596/2014 (“MAR”). THIS NOTICE DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER, INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF AKCINĖ BENDROVĖ ŠIAULIŲ BANKAS.

     

     

    On 17 March 2025, the Management Board of Šiaulių Bankas AB approved a potential benchmark-size Senior Preferred note offering which would follow subject to market conditions.

     

    Šiaulių Bankas AB has mandated Erste Group, Goldman Sachs Bank Europe SE, Morgan Stanley and Šiaulių Bankas AB as Joint Lead Managers to arrange a series of virtual fixed income investor meetings commencing on 17th March. Relevant stabilisation regulations including FCA/ICMA will apply.

     

    This communication is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

     

     

    Additional information:

    Tomas Varenbergas

    Head of Investment Management Division

    tomas.varenbergas@sb.lt

     

    The MIL Network –

  • MIL-OSI: Bispecific Antibodies Market Size Approved Bispecific Antibody Sales Price Patent Market Forecast 2030

    Source: GlobeNewswire (MIL-OSI)

    Delhi, March 17, 2025 (GLOBE NEWSWIRE) — Global Bispecific Antibody Market Opportunity, Drug Dosage, Patent, Price, Sales & Clinical Trials Insight 2030 Report Findings & Highlights:

    • Global Bispecific Antibodies Sales Opportunity  US$ 50 Billion By 2030
    • Global Bispecific Antibodies Sales Surpassed US$ 11 Billion In 2024
    • 2020 To 2024 Market Size Calculated As Sum Of Sales Of All Approved Bispecific Antibodies
    • 17 Bispecific Antibodies Approved Across Key Markets
    • Approved Antibodies Dosage, Patent, Pricing & Sales Insight
    • Global & Regional Market Size, Clinical Trends Insight
    • Comprehensive Insight On More than 600 Bispecific Antibodies In Clinical Trials
    • Global Bispecific Antibodies Clinical Trials By Company, Indication & Phase

    Download Report: https://www.kuickresearch.com/report-global-bispecific-antibody-market-size

    The global bispecific antibody (BsAb) market has witnessed significant growth, with 17 bispecific antibody therapies already approved for clinical use. As of 2024, the market is valued at around $12 billion, and projections indicate it could reach a staggering $50 billion by 2030. This rapid expansion is driven by the increasing clinical adoption of bispecific antibodies, the emergence of first-in-class candidates, and the growing market potential in major regions like the US and China.

    Bispecific antibodies are designed to bind two distinct epitopes simultaneously, offering therapeutic advantages over traditional monoclonal antibodies. By engaging two targets, they can enhance efficacy, reduce the risk of resistance, and potentially broaden the scope of treatable diseases. This flexibility makes bispecific antibodies a promising modality, particularly in oncology, immunology, and other therapeutic areas where complex, multifactorial conditions are prevalent.

    The growing popularity of bispecific antibodies is underscored by the development of first-in-class candidates. For instance, Akeso, a Chinese pharmaceutical company, has been at the forefront of developing innovative bispecific therapies. The company has revealed that it has over six first-in-class bispecific candidates currently in development. Among them are Cadonilimab and Ivonescimab, which exemplify Akeso’s innovative approach to immuno-oncology. Cadonilimab is a first-in-class PD-1/CTLA-4 bispecific antibody, while Ivonescimab is a first-in-class PD-1/VEGF bispecific antibody. These candidates are designed to target immune checkpoints and enhance anti-tumor immune responses, offering new treatment options for cancer patients who may not respond to traditional therapies.

    Beyond oncology, bispecific antibodies are making a significant impact in treating rare and complex conditions. A prime example is Bizengri® (zenocutuzumab-zbco), the first and only FDA-approved therapy specifically for pancreatic adenocarcinoma and non-small cell lung cancer (NSCLC) that harbor NRG1 gene fusions and are advanced unresectable or metastatic. Approved under accelerated approval program, Bizengri targets both HER2 and HER3, and is indicated for adult patients whose disease has progressed on or after prior systemic therapy. This approval marks a significant milestone for bispecific antibodies, highlighting their potential to treat genetically driven cancers that have shown resistance to conventional therapies.

    The approval of Zenocutuzumab demonstrates not only the versatility of bispecific antibodies in targeting novel genetic mutations but also their growing role in personalized medicine. By focusing on specific genetic alterations, bispecific antibodies can provide more precise and effective treatments for patients, potentially improving survival rates and quality of life.

    The bispecific antibody market is further propelled by the robust research and development (R&D) activities occurring primarily in the US and China, two regions that are leading the global market. The US remains a hub for biopharmaceutical innovation, with numerous biotech firms and academic institutions conducting groundbreaking research in bispecific antibodies. Meanwhile, China, with its rapidly advancing healthcare infrastructure and significant investment in biotechnology, has become a key player in bispecific antibody development. The success of companies like Akeso, as well as Chinese biotech firms focused on bispecifics, is helping to position China as an emerging leader in this space.

    In conclusion, the bispecific antibody market is poised for significant growth, driven by the approval of novel therapies, the development of first-in-class candidates, and increasing adoption in major markets like the US and China. As the pipeline continues to expand, bispecific antibodies are set to play a transformative role in the treatment of various cancers and other diseases, offering new hope for patients and making the market a dynamic and exciting area of the global pharmaceutical industry.

    The MIL Network –

  • MIL-OSI Banking: Colours of Devotion: A Samsung Member Captures the Magic of Holi in Vrindavan & Mathura #withGalaxy

    Source: Samsung

    Holi in Vrindavan and Mathura is more than just a festival; it is an emotion, a divine spectacle of colours, devotion, and unbridled joy. As the sky bursts into hues of pink, yellow, and blue, and every street transforms into a canvas of celebration. Amidst this breathtaking energy, Samsung Member Rohit Gadher set out with his Galaxy device, capturing moments that define the spirit of Holi in its purest form.
     
    With his Galaxy device, he didn’t just take pictures; he preserved memories—the vibrant gulal swirling in the air, the faces of devotees lit up in delight, the playful camaraderie of the celebrations, and the divine connection that makes Vrindavan and Mathura the heart of Holi.
     
    Holi is special everywhere, but in Vrindavan, it is an experience like no other. And thanks to Rohit’s stunning photography, we can witness the magic, frame by frame.
     
    Scroll through the stunning gallery below and immerse yourself in the colours of devotion!
     

     

     

     

     

     

     

     

     

     

     

    MIL OSI Global Banks –

  • MIL-OSI: Sydbank share buyback programme: transactions in week 11

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 10/2025

    		 Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk
    17 March 2025  

    Dear Sirs

    Sydbank share buyback programme: transactions in week 11
    On 26 February 2025 Sydbank announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    Announcement

    63,000

    		  

    27,961,010.00
    10 March 2025
    11 March 2025
    12 March 2025
    13 March 2025
    14 March 2025    		 14,000
    12,000
    12,000
    10,000
    8,000    		 434.86
    438.80
    443.98
    444.05
    448.31    		 6,088,040.00
    5,265,600.00
    5,327,760.00
    4,440,500.00
    3,586,480.00
    Total over week 11 56,000   24,708,380.00
    Total accumulated during the
    share buyback programme

    119,000

    		  

    52,669,390.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank holds a total of 3,503,048 own shares, equal to 6.41% of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network –

  • MIL-OSI: CYREBRO’s AI-Native MDR Platform Earns Silver at the 2025 Globee Cybersecurity Awards

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, March 17, 2025 (GLOBE NEWSWIRE) — CYREBRO, the AI-native Managed Detection and Response (MDR) solution, announced today that it won Silver in the category of Security Operations Center (SOC) solutions at the annual 2025 Globee Awards. The program aims to raise awareness about cybersecurity issues and honor those who have made significant contributions in protecting organizations and individuals from cyber threats.

    This award comes on the heels of significant advancements for CYREBRO, solidifying its position as a future-proof cybersecurity leader. The company has recently launched its proprietary security data lake, enabling unparalleled threat analysis and faster, more precise detection. This innovation, coupled with a strategic partnership with Google Cloud, enhances CYREBRO’s ability to scale and deliver cutting-edge security solutions across diverse environments.

    CYREBRO’s commitment to global expansion is evident in its rapidly growing customer base across new markets, demonstrating the universal need for proactive threat detection and response across companies of all sizes.

    CYREBRO remains steadfast in its 100% channel-based strategy, empowering its partners to deliver exceptional MDR services to their clients. This approach ensures seamless integration and personalized service, maximizing the value of CYREBRO’s MDR capabilities.

    “We are honored to receive this prestigious award,” said Ori Arbel, CYREBRO CTO. “This recognition validates our relentless pursuit of innovation and our dedication to empowering businesses with robust cybersecurity defenses. We’re particularly proud of the strides we’ve made in enhancing our platform, directly translating to superior security outcomes for our partners and customers.”

    About CYREBRO

    CYREBRO is an AI-native, end-to-end Managed Detection and Response (MDR) solution, designed for hands-off or hands-on control through its future-proof SOC platform.

    With its advanced Security Data Lake revolutionizing SIEM and SOAR capabilities, CYREBRO includes 24/7 SOC monitoring and threat intelligence, augmented with exceptionally swift incident response and forensic investigations. CYREBRO delivers precision-guided threat detection and response across any tech stack, providing clear, actionable insights to ensure world-class security and compliance.

    With comprehensive visibility and expert guidance, CYREBRO empowers over 900 businesses of all sizes to manage threats proactively, enhancing their security posture and delivering full and complete protection.

    Contact

    CMO

    Gil Harel

    CYREBRO

    media@cyrebro.io

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65196b6f-6edb-4169-a4a9-0f187cb480b5

    The MIL Network –

  • MIL-OSI Banking: Panasonic forms the first capital and business alliance with tado°, an IoT-based home energy management platform provider, as a heating equipment manufacturer

    Source: Panasonic

    Headline: Panasonic forms the first capital and business alliance with tado°, an IoT-based home energy management platform provider, as a heating equipment manufacturer

    Osaka, Japan, March 17, 2025 – Panasonic Corporation today announced that its Heating & Ventilation A/C Company entered into an agreement to work with tado° GmbH, a German based vendor agnostic European leader in home energy management solutions for the first time*1 as a heating equipment manufacturer. Through a €30 million equity investment, Panasonic will strengthen its collaboration with tado°. Panasonic will also take a seat on tado°’s board, deepening operational collaboration to drive greater synergies and accelerate innovation.
    Air-to-water (A2W) heat pumps extract heat from the ambient air to produce hot water, which is then circulated throughout buildings for heating. Compared to fossil fuel-based heating systems, A2W significantly reduces CO2 emissions and environmental impact, attracting increasing public attention in recent years.
    Panasonic leveraged its over 60 years of expertise in heat pump technology to launch its Aquarea Heat Pumps for residential use in Europe in 2008. A key strength of Panasonic’s Aquarea is its unique ability to maintain heating performance even in extremely cold climates. In May 2023, Panasonic became the first Japanese manufacturer to adopt R290, a natural refrigerant with an ultra-low global warming potential, aligning with Europe’s strong environmental focus.
    In March 2024, Panasonic announced a business alliance with tado°, which is a leading vendor of Smart Thermostats (electronic device that remotely controls air-conditioning systems based on weather and temperature settings via an application), and also a provider of dynamic tariff in Europe. tado° is the industry’s leading start-up founded in 2011 with approximately one million household customers. It was nominated for the Tech Tour Growth 50 – List 2025*2 as a potential European unicorn company, demonstrating remarkable growth in recent years.
    Linking Panasonic’s A2W and tado°’s Smart Thermostats and Heat Pump Optimizer will optimally control the temperature and amount of hot water generated by A2W, reducing energy consumption by up to approximately 20% based on various information, including the room temperature, user’s temperature settings, weather, and electricity rate. Furthermore, through this capital and business alliance, both companies will collaborate to accelerate innovation in energy-efficient solutions. By sharing product and service specifications, Panasonic and tado° will jointly develop advanced operation control software for Panasonic Aquarea Heat Pumps. Utilizing real-world user data and field test insights, this software will enhance system efficiency and optimize performance. Scheduled for release via a software update in September 2025, it aims to achieve up to a 30% reduction in energy consumption.
    A recent survey of tado° customers in August 2024*3 revealed that approximately 75% of households still rely on gas or oil heating systems. Efforts to incorporate a Panasonic-specific design in tado°’s application are already underway, and the two companies will propose the unique combination of Panasonic’s A2W heat pump and tado° solutions by promoting joint marketing through the use of applications and direct mail and introducing Panasonic’s trusted installation partners.
    Through collaboration with tado°, Panasonic will contribute to achieving both a comfortable life and a sustainable global environment.

    Notes:
    *1: Regarding the capital and business alliance between tado° and a manufacturer of heating equipment, such as A2W and boilers. As of March 17, 2025, according to Panasonic’s research.
    *2: The Tech Tour Growth 50 Listing recognizes Europe’s most promising high-growth companies.
    *3: n = 12,495. The survey was conducted between August 2 and 19, 2024.

    MIL OSI Global Banks –

  • MIL-OSI Banking: RBI imposes monetary penalty on The Gurdaspur Central Co-operative Bank Ltd., Gurdaspur, Punjab

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated March 12, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Gurdaspur Central Co-operative Bank Ltd., Gurdaspur, Punjab (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

    The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023. Based on supervisory findings of contravention of statutory provisions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said provisions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank had sanctioned/renewed director related loan in contravention of Section 20 of the BR Act.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2388

    MIL OSI Global Banks –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Baramulla Central Co-operative Bank Ltd., Jammu and Kashmir

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated March 12, 2025, imposed a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on The Baramulla Central Co-operative Bank Ltd., Jammu and Kashmir (the bank) for non-compliance with specific directions issued by RBI prohibiting acceptance of fresh deposits. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank had accepted fresh deposits in violation of specific directions issued by RBI.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2389

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Anantnag Central Co-operative Bank Ltd., Jammu and Kashmir

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated March 12, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Anantnag Central Co-operative Bank Ltd., Jammu and Kashmir (the bank) for non-compliance with specific directions issued by RBI prohibiting acceptance of fresh deposits. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank had accepted fresh deposits in violation of specific directions issued by RBI.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2390

    MIL OSI Economics –

  • MIL-OSI: Moody’s raises outlook of Bank of Åland Plc

    Source: GlobeNewswire (MIL-OSI)

    Bank of Åland Plc
    Stock exchange release
    March 17, 2025, 11.00 EET

    Moody’s raises outlook of Bank of Åland Plc

    Moody’s Ratings (Moody’s) is revising its outlook on the Bank of Åland Plc (Ålandsbanken Abp) to positive from stable. The change in outlook on the long-term deposit ratings to positive from stable reflects the strengthening solvency of the Bank, with stronger capitalization, and improving recurring profitability.

    Moody’s is affirming the Bank’s long-term deposit ratings at A3, and its short-term deposit ratings at P-2. Furthermore, the long- and short-term Counterparty Risk Ratings (CRRs) of A2/P-1, long- and short-term Counterparty Risk (CR) Assessments of A2(cr)/P-1(cr), the Baseline Credit Assessment (BCA) of baa2 and the Adjusted BCA of baa2 were affirmed.

    For further information, please contact:
    Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, phone +358 (0)40 512 7505

    Link to report: https://www.moodys.com/research/Moodys-Ratings-affirms-Alandsbankens-A3-deposit-ratings-changes-outlook-to-Rating-Action–PR_503790

    The MIL Network –

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 11

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 12 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    17/03/2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 11

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 11:
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 100,000 237.0902 23,709,023
    10/03/2025 5,000 236.0465 1,180,233
    11/03/2025 5,000 233.6040 1,168,020
    12/03/2025 5,000 235.6480 1,178,240
    13/03/2025 5,000 237.1577 1,185,789
    14/03/2025 5,000 238.1949 1,190,975
    Total accumulated over week 11 25,000 236.1302 5,903,256
    Total accumulated during the share buyback programme 125,000 236.8982 29,612,278

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.015% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    Attachment

    The MIL Network –

  • MIL-OSI Economics: Samsung Elevates Home Art Experiences With New Art Basel Hong Kong Collection

    Source: Samsung

    ▲ Zhu Jinshi’s This Triptych is as Gorgeous as the Autumn in a Scented Room (2023) shown on Neo QLED 8K by Samsung.
     
    Samsung Electronics, the Official Art TV of Art Basel, today announced that it is bringing contemporary masterpieces from galleries exhibiting at Art Basel Hong Kong 2025 to a global audience. Starting today, subscribers of the Samsung Art Store, a premium digital art platform exclusively available on Samsung TVs, will have access to a curated collection of 23 select works from Art Basel’s galleries, some of which will be displayed at the highly anticipated fair, taking place from March 28-30,1 2025 at the Hong Kong Convention & Exhibition Centre.
     
    The Samsung Art Store is home to 3,000+ works from world-renowned museums, galleries and artists. Subscribers can explore expertly curated masterpieces in stunning 4K resolution to bring the program of Art Basel galleries into their homes. The Art Basel Hong Kong collection includes renowned artworks such as Zhu Jinshi’s “This Triptych is as Gorgeous as the Autumn in a Scented Room,” Ticko Liu’s “Enduring as the Universe,” Jimok Choi’s “Shadow of the Sun,” Bae Yoon Hwan’s “Green Bear,” and more.
     
    “Samsung Art Store is making fine art more accessible than ever, bringing the premier artworks presented by leading international galleries at Art Basel Hong Kong directly into people’s homes,” said Bongjun Ko, Vice President of Samsung Electronics’ Visual Display Business. “We are proud to expand this experience to more Samsung TV owners worldwide, allowing them to enjoy world-class artwork in stunning 4K quality with just a few clicks.”
     
     
    Bringing the Art Basel Experience to Samsung TVs
    ▲ Ticko Liu’s Enduring as the Universe (2024) shown on Neo QLED 8K by Samsung.
     
    Art Basel stages the world’s premier art shows for modern and contemporary art, sited in Hong Kong, Basel, Paris and Miami Beach. Through the Samsung Art Store, a curated selection of these masterpieces is now available beyond the exhibition halls, allowing art lovers worldwide to experience select artworks presented by leading international galleries at Art Basel – all from the comfort of their homes.
     
    To further highlight the intersection of art and technology, Samsung will present an interactive lounge, titled ArtCube,2 at Art Basel Hong Kong on March 28-30. The showcase will demonstrate how The Frame, MICRO LED and Neo QLED 8K redefine digital art experiences by displaying artwork, including those from the Art Basel collection in breathtaking detail. Under the theme “Borderless, Dive into the Art,” ArtCube visitors will engage with Samsung Art Store’s exclusive collections, bridging the gap between physical and digital art.
     
    In addition to its ArtCube Lounge experience, Samsung presents a series of panel discussions highlighting influential voices from the contemporary art scene. Daria Greene, Head of Content and Curation at Samsung leads each engaging one-on-one dialogue. The conversations feature Hayley Romer, Chief Growth Officer of Art Basel, and Marc Dennis, an American artist known for his hyper-realistic paintings.
     
     
    Expanding Samsung’s Digital Art Leadership
    While previously exclusive to The Frame and MICRO LED, the Samsung Art Store will soon be available on 2025 Samsung AI-powered Neo QLED and QLED TVs,3 as part of Samsung’s mission to bring world-class art to an even bigger audience. In addition to the Art Basel Hong Kong collection, Samsung will continue its partnership with one of the world’s most prestigious art fairs by introducing exclusive artworks from Art Basel’s Basel and Paris collections later this year.
     
    “We are proud to partner with Samsung Art Store on the 2025 Art Basel Hong Kong collection – extending Art Basel Hong Kong’s best-in-class cultural experience beyond the halls of the show, and creating new, year-round opportunities for ever broader audiences to engage with Art Basel’s distinguished international program of galleries and their artists,” said Noah Horowitz, CEO of Art Basel.
     
    The Art Basel Hong Kong collection features works from 17 globally acclaimed artists, including Jimok Choi, Bae Yoon Hwan, Stephen Wong Chun Hei, Ticko Liu, Alasie Inoue, Tromarama, Damian Elwes, Zhu Jinshi, Nakai Katsumi, Cao Yu, Hamra Abbas, Nabil Nahas, Owen Fu, Sophie von Hellermann, Chow Chun Fai, Gillian Ayres and Gongkan.
     
    For more information, visit www.samsung.com.
     
     
    * The content has been revised to provide more accurate information.
     
     
    About Art Basel
    Founded in 1970 by gallerists from Basel, Art Basel today stages the world’s premier art shows for Modern and contemporary art, sited in Basel, Miami Beach, Hong Kong, and Paris. Defined by its host city and region, each show is unique, which is reflected in its participating galleries, artworks presented, and the content of parallel programming produced in collaboration with local institutions for each edition. Art Basel’s engagement has expanded beyond art fairs through new digital platforms including the Art Basel App and initiatives such as the Art Basel and UBS Global Art Market Report and the Art Basel Awards. Art Basel’s Global Lead Partner is UBS. For further information, please visit artbasel.com.
     
     
    1 Event is open to the public from March 28-30, after VIP opening from March 26-27.2 Samsung Lounge ‘ArtCube’ will be located in L3, the main exhibition floor inside the Hong Kong Convention and Exhibition Center.3 For models Q7F and above.

    MIL OSI Economics –

  • MIL-OSI Economics: Samsung To Showcase Diverse HVAC Solutions at ISH 2025 Under ‘Connected Flow’ Theme

    Source: Samsung

     
    Samsung Electronics today announced its participation in ISH 2025,1 the world’s leading trade fair for the sanitary and HVAC industries, to be held March 17-21 in Frankfurt. Samsung will showcase innovative solutions designed to enhance comfort, convenience and connectivity across residential and commercial environments.
     
    “This year marks our second time participating in ISH after our debut in 2023, and we’re excited to present more advanced products along with a variety of smart solutions such as SmartThings Pro and b.IoT Lite,2 that align with the ‘Connected Flow’ theme,” said Wim Vangeenberghe, Vice President of Samsung Electronics Air Conditioner Europe B.V. “It’s a meaningful opportunity to showcase our next-generation innovations and underline our commitment to delivering smarter living experiences.”
     
     
    Product Exhibition: Highlighting Advanced HVAC Solutions

     
    At ISH 2025, Samsung will display a wide array of systems and solutions, including Slim Fit EHS ClimateHub and Mono R290, touch controllers, Wi-Fi modules and other solutions. One of the key highlights will be the unveiling of the new Bespoke AI WindFree air conditioner models, which have been designed to elevate comfort and usability.
     
    The new Bespoke AI WindFree air conditioners for 2025 feature AI3 Fast & Comfort Cooling, which employs AI technology to provide rapid cooling and meet users’ preferences. When turning on the mode, Fast Cooling quickly lowers the room temperature first. AI technology then continuously analyzes the indoor and outdoor environments to detect if it’s reaching the user’s preferred temperature, and then it switches its mode into WindFree Cooling.
     

     
    Additionally, new Comfort Drying technology enables dehumidification without cold drafts. While conventional dry modes reduce the set temperature for dehumidification, Comfort Drying maintains a comfort humidity level under temperatures set by the user, satisfying customers who do not want to feel cold during dehumidification. Also, users can utilize AI Energy Mode in SmartThings application to reduce energy use by up to 30%.4 This is possible as the compressor’s rotating frequency is controlled by AI analysis, preventing sudden stops or increases.
     
     
    Design Excellence Recognized

     
    Samsung also announced that its Slim Fit EHS ClimateHub indoor units — the ClimateHub Mono and the Hydro Unit Mono5 — have won the prestigious Designplus Award in the “Water & Efficiency +” category at ISH 2025. This award acknowledges products that combine innovative design with technology, with a focus on new concepts that deliver added value through technological advancements.
     
    These models have a slim fit design6 that allows the product to be installed in various locations and coordinates with anywhere in the house. Despite the slim fit design, key components like magnetic filters, three-way valves and an expansion vessel for space heating are all included as standard features, which ensures timely installation. Moreover, they come with the 7” AI Home,7 an expansive screen that significantly improves convenience. It allows users to intuitively control the temperature and settings. Additionally, users can monitor the status and energy usage8 of connected solar photovoltaic (PV) systems using the zone overview, as well as control other SmartThings-connected appliances.9

     
     
    Seamless Integration: SmartThings Pro for Advanced Business Environment
    In line with the “Connected Flow” theme, Samsung will also demonstrate the benefits of smart solutions utilizing SmartThings Pro10 through various scenarios and spaces. Visitors will see how SmartThings Pro makes it easy to create a customized business environment with Samsung appliances and some third-party devices — like light bulbs and solar cells — and facilitates comprehensive energy monitoring across the entire home.
     
    Additionally, Samsung will showcase SmartThings Pro and b.IoT Lite for business environments and solutions for commercial spaces like hotels and retail stores. These solutions enhance operational efficiency, enabling smarter management of heating, cooling and energy consumption.
     
    Samsung remains committed to expanding its HVAC business globally and continue to innovate and provide innovative climate solutions to customers worldwide. Visitors to Samsung’s booth at ISH 2025 will have the opportunity to explore new products packed with these technologies, engage with representatives and experience the future of HVAC solutions firsthand.
     
     
    1 The “Internationale Sanitär- und Heizungsmesse” (ISH) translates from German to “International Sanitation and Heating Fair.”2 b.IoT Lite is an integrated control solution designed to optimize the operation of VRF systems in small to medium-sized buildings. As a server-based platform, it provides advanced functionality such as predictive maintenance and energy management.3 To use AI Auto Cooling, a Wi-Fi connection and Samsung account SmartThings are required.4 The testing was conducted in Samsung’s 132m² residential environment laboratory at a temperature of 35°C / 24°C (dry bulb/wet bulb, KS C 9306: air conditioner). Results provided to and interpreted by Intertek, comparing the power consumption between AI energy mode on and off in AI comfort mode of AR07D9181HZN model. Actual savings may vary by usage patterns and environment and the set temperature may increase by up to 2 degrees. Requires the use of the SmartThings App and a Samsung account.5 The ClimateHub Mono has an integrated water tank, while the Hydro Unit Mono is a wall-mounted unit without a water tank.6 Dimensions: ClimateHub Mono = 598(W) x 1,850(H) x 600(D) mm, Hydro Unit Mono = 530(W) x 840(H) x 350(D) mm.7 AI Home refers to the 7’’ LCD screen on the product. Does not mean all services available on the AI Home are AI or generate information or outcome using AI. Certain functions accessible through the AI Home utilize AI-based algorithms, which may be updated periodically to improve accuracy. AI-based algorithms may generate incomplete or incorrect information. A Wi-Fi connection and a Samsung account are required. You may need to use a separate device e.g. your laptop/desktop or mobile device, to create/log into a Samsung Account. If you choose not to log-in, you will not be able to enjoy any features available on AI Home, such as the services available on the SmartThings App.8 Requires a connection between the EHS and PV system and is activated using the PV function in AI Home.9 Requires a Samsung account. Appliances must be connected to the Wi-Fi network and registered in the SmartThings App.10 Must download the SmartThings app available on Android and iOS. A Wi-Fi connection and a Samsung account are required.

    MIL OSI Economics –

  • MIL-OSI Economics: Field Trials for PIMTO Mobile Robot Vending Service to be Conducted at Narita International Airport

    Source: Panasonic

    Headline: Field Trials for PIMTO Mobile Robot Vending Service to be Conducted at Narita International Airport

    March 17, 2025 – Panasonic Holdings Corporation (Panasonic HD), Mashup Inc. (Mashup), and Narita International Airport Corporation (NAA) today announced that they will conduct field trials using PIMTO, a mobile robot vending service, in the area after outbound passport control in Narita International Airport Terminal 1 for 10 days from March 21 to 30, 2025. The field trials will involve the sale of local specialty products, subculture items, and other products that highlight the charm of Japan to passengers departing from Narita Airport.
    Narita Airport serves as a hub airport in Asia with an extensive network connecting 120 cities—102 overseas and 18 in Japan. The annual number of foreign passengers using international flights in 2024 was 21.79 million, the highest since the airport opened. To study a potential new service for foreign passengers, whose numbers are expected to continue growing, the companies will conduct field trials using Panasonic HD’s PIMTO mobile robot vending service, which moves within the area near the boarding gates to sell products. The product lineup, developed in collaboration with Mashup, one of the companies operating the field trials, will feature local products and subculture items that provide a uniquely Japanese feel. The field trials aim to increase customer satisfaction by offering memorable purchasing experiences and appealing products to passengers, including foreign visitors to Japan, just before their departure from Narita Airport.

    Field trial period: From Friday, March 21 to Sunday, March 30, 2025
    * Field trials may be suspended due to unforeseen circumstances.
    Location: Narita International Airport Terminal 1 (Area after outbound passport control)Products: exclusive products available only at Narita Airport, local products, and subculture items that offer a uniquely Japanese feel

    PIMTO mobile robot vending service

    1. Utilization of unmanned vending robots

    Panasonic HD will provide mobile unmanned vending robots that can increase the number of sales outlets without requiring store construction or additional equipment installation. A variety of items that fit within the designated boxes can be sold, with payments accepted via credit cards, QR codes, and transportation IC cards. Since there is no need to continuously move robots around the airport, it was concluded that autonomous travel or advanced preparation for that purpose would not be necessary. Therefore, the robots will be operated solely through manual control using a wired controller connected to the robot or remote control, considering its cost advantages in terms of the robot units and service operations.In the field trials, the robots move to high-traffic areas depending on which boarding gates are in use, improving customer convenience and sales. The robots are basically operated by a wired controller, although remote control will also be tested.

    2. Proposal for experience design

    Robots (vending spots) that best suit the customers, location, and other circumstances are proposed.Based on marketing research, including identifying the needs of inbound visitors, the field trials use robots with creative features, such as control buttons and the robot’s appearance, allowing foreign customers to select products as if they were playing a game, and enhance their purchasing experience, as well as messages displayed on the robot’s body in 11 languages to attract passengers’ interest in their native language.

    3. Merchandising support

    Products that best suit the passengers, location, and other circumstances are proposed.For the field trials, Panasonic HD, Mashup, NAA, and gray park, Inc. collaborated to design a purchasing experience themed Wings & Wonders, aiming to increase customer satisfaction with the services near the departure gates. Based on this, a product lineup has been developed featuring original products available only at Narita Airport, local specialty products, 3D molded chocolates, and a wide range of subculture items rich in Japanese charm, such as soft vinyl figures, and capsule toys. A range of uniquely Japanese products will provide passengers a last-minute surprise and excitement just before departure.

    4. Contribution to supported employment

    Panasonic HD can collaborate with welfare facilities to achieve universal design from a work perspective, helping create an environment where people with disabilities or mental health concerns can participate in the operations of unmanned sales and other services.In the field trials, the remote operation of robots is outsourced to ASU-TRi, an employment transition support office in Kumamoto Prefecture, while product packaging is outsourced to Kujira Co., Ltd. a Type A employment continuation supporter in Shinjuku Ward, Tokyo. The product lineup also includes the Okinawa souvenir set, produced at welfare support facilities in Okinawa Prefecture and supplied by the Okinawa SELP Center Foundation.

    5. Provision of operational support application

    The PIMTO UI operational support application will be provided, enabling users to easily check sales status, receive sold-out notifications, play pre-recorded sounds from robots, and request remote operators to relocate the robot from any location.

    Inquiries:

    (Inquiries regarding the PIMTO mobile robot vending service)Panasonic Holdings CorporationMobility Business Strategy Officemobility_info@ml.jp.panasonic.com

    About the Panasonic Group
    Founded in 1918, and today a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, industry, communications, and energy sectors worldwide, the Panasonic Group switched to an operating company system on April 1, 2022 with Panasonic Holdings Corporation serving as a holding company and eight companies positioned under its umbrella. The Group reported consolidated net sales of 8,496.4 billion yen for the year ended March 31, 2024. To learn more about the Panasonic Group, please visit: https://holdings.panasonic/global/

    MIL OSI Economics –

  • MIL-OSI Banking: Samsung Elevates Home Art Experiences With New Art Basel Hong Kong Collection

    Source: Samsung

    ▲ Zhu Jinshi’s This Triptych is as Gorgeous as the Autumn in a Scented Room (2023) shown on Neo QLED 8K by Samsung.
     
    Samsung Electronics, the Official Art TV of Art Basel, today announced that it is bringing contemporary masterpieces from galleries exhibiting at Art Basel Hong Kong 2025 to a global audience. Starting today, subscribers of the Samsung Art Store, a premium digital art platform exclusively available on Samsung TVs, will have access to a curated collection of 23 select works from Art Basel’s galleries, some of which will be displayed at the highly anticipated fair, taking place from March 28-30,1 2025 at the Hong Kong Convention & Exhibition Centre.
     
    The Samsung Art Store is home to 3,000+ works from world-renowned museums, galleries and artists. Subscribers can explore expertly curated masterpieces in stunning 4K resolution to bring the program of Art Basel galleries into their homes. The Art Basel Hong Kong collection includes renowned artworks such as Zhu Jinshi’s “This Triptych is as Gorgeous as the Autumn in a Scented Room,” Ticko Liu’s “Enduring as the Universe,” Jimok Choi’s “Shadow of the Sun,” Bae Yoon Hwan’s “Green Bear,” and more.
     
    “Samsung Art Store is making fine art more accessible than ever, bringing the premier artworks presented by leading international galleries at Art Basel Hong Kong directly into people’s homes,” said Bongjun Ko, Vice President of Samsung Electronics’ Visual Display Business. “We are proud to expand this experience to more Samsung TV owners worldwide, allowing them to enjoy world-class artwork in stunning 4K quality with just a few clicks.”
     
     
    Bringing the Art Basel Experience to Samsung TVs
    ▲ Ticko Liu’s Enduring as the Universe (2024) shown on Neo QLED 8K by Samsung.
     
    Art Basel stages the world’s premier art shows for modern and contemporary art, sited in Hong Kong, Basel, Paris and Miami Beach. Through the Samsung Art Store, a curated selection of these masterpieces is now available beyond the exhibition halls, allowing art lovers worldwide to experience select artworks presented by leading international galleries at Art Basel – all from the comfort of their homes.
     
    To further highlight the intersection of art and technology, Samsung will present an interactive lounge, titled ArtCube,2 at Art Basel Hong Kong on March 28-30. The showcase will demonstrate how The Frame, MICRO LED and Neo QLED 8K redefine digital art experiences by displaying artwork, including those from the Art Basel collection in breathtaking detail. Under the theme “Borderless, Dive into the Art,” ArtCube visitors will engage with Samsung Art Store’s exclusive collections, bridging the gap between physical and digital art.
     
    In addition to its ArtCube Lounge experience, Samsung presents a series of panel discussions highlighting influential voices from the contemporary art scene. Daria Greene, Head of Content and Curation at Samsung leads each engaging one-on-one dialogue. The conversations feature Hayley Romer, Chief Growth Officer of Art Basel, and Marc Dennis, an American artist known for his hyper-realistic paintings.
     
     
    Expanding Samsung’s Digital Art Leadership
    While previously exclusive to The Frame and MICRO LED, the Samsung Art Store will soon be available on 2025 Samsung AI-powered Neo QLED and QLED TVs,3 as part of Samsung’s mission to bring world-class art to an even bigger audience. In addition to the Art Basel Hong Kong collection, Samsung will continue its partnership with one of the world’s most prestigious art fairs by introducing exclusive artworks from Art Basel’s Basel and Paris collections later this year.
     
    “We are proud to partner with Samsung Art Store on the 2025 Art Basel Hong Kong collection – extending Art Basel Hong Kong’s best-in-class cultural experience beyond the halls of the show, and creating new, year-round opportunities for ever broader audiences to engage with Art Basel’s distinguished international program of galleries and their artists,” said Noah Horowitz, CEO of Art Basel.
     
    The Art Basel Hong Kong collection features works from 17 globally acclaimed artists, including Jimok Choi, Bae Yoon Hwan, Stephen Wong Chun Hei, Ticko Liu, Alasie Inoue, Tromarama, Damian Elwes, Zhu Jinshi, Nakai Katsumi, Cao Yu, Hamra Abbas, Nabil Nahas, Owen Fu, Sophie von Hellermann, Chow Chun Fai, Gillian Ayres and Gongkan.
     
    For more information, visit www.samsung.com.
     
     
    * The content has been revised to provide more accurate information.
     
     
    About Art Basel
    Founded in 1970 by gallerists from Basel, Art Basel today stages the world’s premier art shows for Modern and contemporary art, sited in Basel, Miami Beach, Hong Kong, and Paris. Defined by its host city and region, each show is unique, which is reflected in its participating galleries, artworks presented, and the content of parallel programming produced in collaboration with local institutions for each edition. Art Basel’s engagement has expanded beyond art fairs through new digital platforms including the Art Basel App and initiatives such as the Art Basel and UBS Global Art Market Report and the Art Basel Awards. Art Basel’s Global Lead Partner is UBS. For further information, please visit artbasel.com.
     
     
    1 Event is open to the public from March 28-30, after VIP opening from March 26-27.2 Samsung Lounge ‘ArtCube’ will be located in L3, the main exhibition floor inside the Hong Kong Convention and Exhibition Center.3 For models Q7F and above.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Samsung To Showcase Diverse HVAC Solutions at ISH 2025 Under ‘Connected Flow’ Theme

    Source: Samsung

     
    Samsung Electronics today announced its participation in ISH 2025,1 the world’s leading trade fair for the sanitary and HVAC industries, to be held March 17-21 in Frankfurt. Samsung will showcase innovative solutions designed to enhance comfort, convenience and connectivity across residential and commercial environments.
     
    “This year marks our second time participating in ISH after our debut in 2023, and we’re excited to present more advanced products along with a variety of smart solutions such as SmartThings Pro and b.IoT Lite,2 that align with the ‘Connected Flow’ theme,” said Wim Vangeenberghe, Vice President of Samsung Electronics Air Conditioner Europe B.V. “It’s a meaningful opportunity to showcase our next-generation innovations and underline our commitment to delivering smarter living experiences.”
     
     
    Product Exhibition: Highlighting Advanced HVAC Solutions

     
    At ISH 2025, Samsung will display a wide array of systems and solutions, including Slim Fit EHS ClimateHub and Mono R290, touch controllers, Wi-Fi modules and other solutions. One of the key highlights will be the unveiling of the new Bespoke AI WindFree air conditioner models, which have been designed to elevate comfort and usability.
     
    The new Bespoke AI WindFree air conditioners for 2025 feature AI3 Fast & Comfort Cooling, which employs AI technology to provide rapid cooling and meet users’ preferences. When turning on the mode, Fast Cooling quickly lowers the room temperature first. AI technology then continuously analyzes the indoor and outdoor environments to detect if it’s reaching the user’s preferred temperature, and then it switches its mode into WindFree Cooling.
     

     
    Additionally, new Comfort Drying technology enables dehumidification without cold drafts. While conventional dry modes reduce the set temperature for dehumidification, Comfort Drying maintains a comfort humidity level under temperatures set by the user, satisfying customers who do not want to feel cold during dehumidification. Also, users can utilize AI Energy Mode in SmartThings application to reduce energy use by up to 30%.4 This is possible as the compressor’s rotating frequency is controlled by AI analysis, preventing sudden stops or increases.
     
     
    Design Excellence Recognized

     
    Samsung also announced that its Slim Fit EHS ClimateHub indoor units — the ClimateHub Mono and the Hydro Unit Mono5 — have won the prestigious Designplus Award in the “Water & Efficiency +” category at ISH 2025. This award acknowledges products that combine innovative design with technology, with a focus on new concepts that deliver added value through technological advancements.
     
    These models have a slim fit design6 that allows the product to be installed in various locations and coordinates with anywhere in the house. Despite the slim fit design, key components like magnetic filters, three-way valves and an expansion vessel for space heating are all included as standard features, which ensures timely installation. Moreover, they come with the 7” AI Home,7 an expansive screen that significantly improves convenience. It allows users to intuitively control the temperature and settings. Additionally, users can monitor the status and energy usage8 of connected solar photovoltaic (PV) systems using the zone overview, as well as control other SmartThings-connected appliances.9

     
     
    Seamless Integration: SmartThings Pro for Advanced Business Environment
    In line with the “Connected Flow” theme, Samsung will also demonstrate the benefits of smart solutions utilizing SmartThings Pro10 through various scenarios and spaces. Visitors will see how SmartThings Pro makes it easy to create a customized business environment with Samsung appliances and some third-party devices — like light bulbs and solar cells — and facilitates comprehensive energy monitoring across the entire home.
     
    Additionally, Samsung will showcase SmartThings Pro and b.IoT Lite for business environments and solutions for commercial spaces like hotels and retail stores. These solutions enhance operational efficiency, enabling smarter management of heating, cooling and energy consumption.
     
    Samsung remains committed to expanding its HVAC business globally and continue to innovate and provide innovative climate solutions to customers worldwide. Visitors to Samsung’s booth at ISH 2025 will have the opportunity to explore new products packed with these technologies, engage with representatives and experience the future of HVAC solutions firsthand.
     
     
    1 The “Internationale Sanitär- und Heizungsmesse” (ISH) translates from German to “International Sanitation and Heating Fair.”2 b.IoT Lite is an integrated control solution designed to optimize the operation of VRF systems in small to medium-sized buildings. As a server-based platform, it provides advanced functionality such as predictive maintenance and energy management.3 To use AI Auto Cooling, a Wi-Fi connection and Samsung account SmartThings are required.4 The testing was conducted in Samsung’s 132m² residential environment laboratory at a temperature of 35°C / 24°C (dry bulb/wet bulb, KS C 9306: air conditioner). Results provided to and interpreted by Intertek, comparing the power consumption between AI energy mode on and off in AI comfort mode of AR07D9181HZN model. Actual savings may vary by usage patterns and environment and the set temperature may increase by up to 2 degrees. Requires the use of the SmartThings App and a Samsung account.5 The ClimateHub Mono has an integrated water tank, while the Hydro Unit Mono is a wall-mounted unit without a water tank.6 Dimensions: ClimateHub Mono = 598(W) x 1,850(H) x 600(D) mm, Hydro Unit Mono = 530(W) x 840(H) x 350(D) mm.7 AI Home refers to the 7’’ LCD screen on the product. Does not mean all services available on the AI Home are AI or generate information or outcome using AI. Certain functions accessible through the AI Home utilize AI-based algorithms, which may be updated periodically to improve accuracy. AI-based algorithms may generate incomplete or incorrect information. A Wi-Fi connection and a Samsung account are required. You may need to use a separate device e.g. your laptop/desktop or mobile device, to create/log into a Samsung Account. If you choose not to log-in, you will not be able to enjoy any features available on AI Home, such as the services available on the SmartThings App.8 Requires a connection between the EHS and PV system and is activated using the PV function in AI Home.9 Requires a Samsung account. Appliances must be connected to the Wi-Fi network and registered in the SmartThings App.10 Must download the SmartThings app available on Android and iOS. A Wi-Fi connection and a Samsung account are required.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Secretary-General of ASEAN meets with Ambassador of the French Republic to ASEAN

    Source: ASEAN – Association of SouthEast Asian Nations

    Secretary-General of ASEAN, H.E. Dr. Kao Kim Hourn, this morning met with Ambassador of the French Republic to ASEAN, H.E. Fabien Penone, at the ASEAN Headquarters/ASEAN Secretariat. Both sides exchanged ideas on ways and means to strengthen the ASEAN-France Development Partnership through meaningful activities on mutually beneficial cooperation areas, as well as discussed on the preparations for the State visit of the President of the French Republic, H.E. Emmanuel Macron, to the ASEAN Headquarters/ASEAN Secretariat in the coming months.

    The post Secretary-General of ASEAN meets with Ambassador of the French Republic to ASEAN appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Field Trials for PIMTO Mobile Robot Vending Service to be Conducted at Narita International Airport

    Source: Panasonic

    Headline: Field Trials for PIMTO Mobile Robot Vending Service to be Conducted at Narita International Airport

    March 17, 2025 – Panasonic Holdings Corporation (Panasonic HD), Mashup Inc. (Mashup), and Narita International Airport Corporation (NAA) today announced that they will conduct field trials using PIMTO, a mobile robot vending service, in the area after outbound passport control in Narita International Airport Terminal 1 for 10 days from March 21 to 30, 2025. The field trials will involve the sale of local specialty products, subculture items, and other products that highlight the charm of Japan to passengers departing from Narita Airport.
    Narita Airport serves as a hub airport in Asia with an extensive network connecting 120 cities—102 overseas and 18 in Japan. The annual number of foreign passengers using international flights in 2024 was 21.79 million, the highest since the airport opened. To study a potential new service for foreign passengers, whose numbers are expected to continue growing, the companies will conduct field trials using Panasonic HD’s PIMTO mobile robot vending service, which moves within the area near the boarding gates to sell products. The product lineup, developed in collaboration with Mashup, one of the companies operating the field trials, will feature local products and subculture items that provide a uniquely Japanese feel. The field trials aim to increase customer satisfaction by offering memorable purchasing experiences and appealing products to passengers, including foreign visitors to Japan, just before their departure from Narita Airport.

    Field trial period: From Friday, March 21 to Sunday, March 30, 2025
    * Field trials may be suspended due to unforeseen circumstances.
    Location: Narita International Airport Terminal 1 (Area after outbound passport control)Products: exclusive products available only at Narita Airport, local products, and subculture items that offer a uniquely Japanese feel

    PIMTO mobile robot vending service

    1. Utilization of unmanned vending robots

    Panasonic HD will provide mobile unmanned vending robots that can increase the number of sales outlets without requiring store construction or additional equipment installation. A variety of items that fit within the designated boxes can be sold, with payments accepted via credit cards, QR codes, and transportation IC cards. Since there is no need to continuously move robots around the airport, it was concluded that autonomous travel or advanced preparation for that purpose would not be necessary. Therefore, the robots will be operated solely through manual control using a wired controller connected to the robot or remote control, considering its cost advantages in terms of the robot units and service operations.In the field trials, the robots move to high-traffic areas depending on which boarding gates are in use, improving customer convenience and sales. The robots are basically operated by a wired controller, although remote control will also be tested.

    2. Proposal for experience design

    Robots (vending spots) that best suit the customers, location, and other circumstances are proposed.Based on marketing research, including identifying the needs of inbound visitors, the field trials use robots with creative features, such as control buttons and the robot’s appearance, allowing foreign customers to select products as if they were playing a game, and enhance their purchasing experience, as well as messages displayed on the robot’s body in 11 languages to attract passengers’ interest in their native language.

    3. Merchandising support

    Products that best suit the passengers, location, and other circumstances are proposed.For the field trials, Panasonic HD, Mashup, NAA, and gray park, Inc. collaborated to design a purchasing experience themed Wings & Wonders, aiming to increase customer satisfaction with the services near the departure gates. Based on this, a product lineup has been developed featuring original products available only at Narita Airport, local specialty products, 3D molded chocolates, and a wide range of subculture items rich in Japanese charm, such as soft vinyl figures, and capsule toys. A range of uniquely Japanese products will provide passengers a last-minute surprise and excitement just before departure.

    4. Contribution to supported employment

    Panasonic HD can collaborate with welfare facilities to achieve universal design from a work perspective, helping create an environment where people with disabilities or mental health concerns can participate in the operations of unmanned sales and other services.In the field trials, the remote operation of robots is outsourced to ASU-TRi, an employment transition support office in Kumamoto Prefecture, while product packaging is outsourced to Kujira Co., Ltd. a Type A employment continuation supporter in Shinjuku Ward, Tokyo. The product lineup also includes the Okinawa souvenir set, produced at welfare support facilities in Okinawa Prefecture and supplied by the Okinawa SELP Center Foundation.

    5. Provision of operational support application

    The PIMTO UI operational support application will be provided, enabling users to easily check sales status, receive sold-out notifications, play pre-recorded sounds from robots, and request remote operators to relocate the robot from any location.

    Inquiries:

    (Inquiries regarding the PIMTO mobile robot vending service)Panasonic Holdings CorporationMobility Business Strategy Officemobility_info@ml.jp.panasonic.com

    About the Panasonic Group
    Founded in 1918, and today a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, industry, communications, and energy sectors worldwide, the Panasonic Group switched to an operating company system on April 1, 2022 with Panasonic Holdings Corporation serving as a holding company and eight companies positioned under its umbrella. The Group reported consolidated net sales of 8,496.4 billion yen for the year ended March 31, 2024. To learn more about the Panasonic Group, please visit: https://holdings.panasonic/global/

    MIL OSI Global Banks –