NewzIntel.com

Category: Business

  • MIL-OSI: Axyom.Core Launches Best-in-Class 5G Core for Fixed Wireless Access Services

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Feb. 27, 2025 (GLOBE NEWSWIRE) — Axyom.Core, a global leader in cloud-native wireless core and enterprise radio access network (RAN) solutions, today announced the launch of its best-in-class 5G Core for Fixed Wireless Access (FWA) services.

    The expanding market for 5G FWA presents a significant opportunity for service providers to deploy scalable and high-performance solutions to meet customer needs. Axyom.Core’s FWA solution helps mobile service providers to efficiently respond to rapidly increasing customer demand.

    The 5G Core is ideal for mobile service providers looking to expand or enhance their FWA offerings. Axyom.Core’s innovative platform provides high capacity, excellent throughput, flexibility, and improved quality of service, ensuring that service providers can meet the evolving needs of their customers.

    5G FWA services have been on a dramatic growth trajectory in the U.S., realizing between 600,000 and 700,000 added subscribers per quarter, according to Opensignal, an independent analytics company.

    Axyom.Core’s 5G Core combines the power of 5G and 4G technologies by offering both the SMF/PGW-C control plane and the UPF/PGW-U user plane, while delivering exceptional performance for FWA deployments. Designed to support service providers in expanded connectivity, Axyom.Core’s 5G FWA solution enables high-performance broadband for millions of subscribers, strengthening the company’s role in advancing next-generation network technology.

    “We’re seeing a lot of demand from service providers for exactly this type of product with this set of features to address the growing market for FWA,” said Kurt Daniel, CEO of Axyom.Core. “Our 5G Core serves as an ideal solution for service providers looking to grow their business delivering FWA services to their customers.This is particularly crucial for rural and high-growth urban areas that require reliable and scalable connectivity solutions to bridge the digital divide and expand their reach.”

    Trusted by six of the world’s top 10 communications service providers, Axyom.Core’s products include high-performance 4G and 5G converged core solutions, Femto core, security gateway, and enterprise RAN. The Axyom.Core platform offers unparalleled efficiency, scalability, and economics, ensuring that customers remain at the forefront of the rapidly evolving telecommunications landscape.

    Attendees at Mobile World Congress from March 3-6 in Barcelona are invited to visit the Axyom.Core booth at Hall 2, Stand 2G11. Schedule a meeting at MWC to discuss how Axyom.Core can support your connectivity needs.

    About Axyom.Core
    Axyom.Core is a global leader in cloud-native wireless core and enterprise radio access network solutions, trusted by major communications service providers worldwide. Our advanced product portfolio includes high-performance 4G and 5G Converged core, Femto core, security gateway, and enterprise RAN units. Axyom.Core is dedicated to delivering innovative solutions that meet the evolving needs of the telecommunications industry. For more information, visit www.axyomcore.ai.

    The MIL Network –

  • MIL-OSI: MUSIC LICENSING, INC. (OTC: SONG) REPORTS FISCAL YEAR 2024 FINANCIAL RESULTS AND FILES FORM 1-K WITH THE SEC

    Source: GlobeNewswire (MIL-OSI)

    Naples, FL, Feb. 27, 2025 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, a diversified holding company and the fifth public performance rights organization (PRO) established in the United States, today announced its financial results for the fiscal year ended December 31, 2024. The Company has also filed its annual report on Form 1-K with the U.S. Securities and Exchange Commission (SEC), which includes the audited financial statements and a comparative analysis of its 2024 and 2023 financial performance.

    Key Financial Highlights for Fiscal Year 2024:

    • Revenue: $128.9 million, compared to $1.05 billion in 2023.
    • Net Loss: $(54.4) million, compared to a net income of $46.0 million in 2023.
    • Total Assets: $19.9 million as of December 31, 2024, compared to $62.3 million in 2023.
    • Total Liabilities: $23.7 million as of December 31, 2024, compared to $12.7 million in 2023.
    • Shareholders’ Equity: $(3.8) million as of December 31, 2024, compared to $49.6 million in 2023.

    The decline in revenue was primarily due to a shift in the Company’s strategic focus, which involved the reassessment and reduction of certain accounts receivable and changes in its business model to focus on acquiring and trading royalty-generating intellectual property (IP) stakes rather than relying on traditional public performance rights operations.

    Strategic Initiatives and 2025 Outlook

    As previously announced, Music Licensing, Inc. is undergoing a significant transformation, focusing on the acquisition and monetization of royalty-generating intellectual property. This pivot is expected to provide more predictable, recurring revenue streams and enhance shareholder value over the long term. The Company has identified acquisition targets valued between $36 million and $250 million in royalty-generating IP assets for 2025, a strategic move designed to mitigate revenue volatility and ensure sustainable profitability.

    In line with this transformation, Music Licensing, Inc. has made key investments in revenue-generating assets, including:

    • Acquiring a portion of the royalty interest in Listerine “Mouthwash” Antiseptic
    • Securing publishing royalty interests in high-value music catalogs

    Management Commentary

    “Our 2024 results reflect a transitional year as we reposition Music Licensing, Inc. for long-term success,” said Jake P. Noch, CEO of Music Licensing, Inc. “While the financials show a reduction in reported revenue and earnings, these changes align with our strategic shift to focus on acquiring high-quality, royalty-generating intellectual property. We are confident that these moves will drive sustainable growth and enhance shareholder value in the coming years.”

    Regulatory Filings

    The Company’s full audited financial results, along with the comparative analysis between 2024 and 2023, are available in the Form 1-K filed with the SEC. Investors and stakeholders can access the filing on the SEC’s website or the Company’s official website.

    About Music Licensing, Inc. (OTC:SONG)  (ProMusicRights.com)

    Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) established in the United States. It is recognized under the federal registry of the United States government. The company licenses music to some of the most prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, and many others.

    Pro Music Rights holds an estimated 7.4% market share in the United States, representing a catalog of more than 2.5 million works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and many others, including works generated by artificial intelligence (AI).

    Additionally, Music Licensing, Inc. (OTC: SONG) holds royalty interests in Listerine “Mouthwash” Antiseptic and a vast portfolio of musical works by globally renowned artists, including The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, BlueFace, The Game, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and many others.

    Forward-Looking Statements:

    This press release contains certain 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, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

    Non-Legal Advice Disclosure:

    This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

    Non-Investment Advice Disclosure:

    This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication

    Contact: investors@ProMusicRights.com

    SOURCE: Music Licensing, Inc.

    The MIL Network –

  • MIL-OSI: TRC Amends Its Tender Offer for Lamb Weston Holdings, Inc.

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — TRC Capital Investment Corporation (TRC) announced today that based on current market conditions, TRC has amended the terms of its tender offer for up to 2,000,000 common shares of Lamb Weston Holdings, Inc. (the Company) and has decreased the offer price payable to US$51.00 per share from US$55.95 per share.

    TRC also announced that its offer will still expire at one minute after 11:59 p.m. New York City time on March 13, 2025, unless further extended.

    As of close of business on Wednesday, February 26, 2025, no shares had been tendered.

    TRC will accept for payment and will pay for all shares validly tendered prior to the expiration date and not properly withdrawn in accordance with the terms of the offer. TRC will not be required to accept for payment or pay for any shares and may terminate the offer if certain conditions which, in the reasonable judgment of TRC in any such case, makes it inadvisable to proceed with the offer or with such acceptance for payment or payment.

    Stockholders of the Company who have already tendered their shares and have not withdrawn such shares need not take any additional action with respect to TRC’s amended tender offer. These stockholders will receive the decreased offer price of US$51.00 per share in TRC’s tender offer.

    TRC has amended its tender offer materials to reflect the decreased offer price and other relevant changes.

    THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SHARES. THE SOLICITATION AND THE OFFER TO BUY THE COMPANY’S SHARES WILL ONLY BE MADE PURSUANT TO THE OFFER TO PURCHASE AND RELATED MATERIALS, AS SUCH DOCUMENTS ARE SUPPLEMENTED AND AMENDED. STOCKHOLDERS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER. STOCKHOLDERS CAN OBTAIN A COPY OF THE OFFER TO PURCHASE AND RELATED MATERIALS WITH RESPECT TO THE TENDER OFFER BY CONTACTING THE INFORMATION AGENT FOR THE OFFER, CNRA FINANCIAL SERVICES INC. AT (416) 861-9446.

    TRC Capital Investment Corporation is a private investment corporation that manages a diverse investment portfolio.

    For further information, contact:

    Contact:        Lorne H. Albaum, President
    Phone:          (416) 304-1474

    The MIL Network –

  • MIL-OSI: Empower Students with Free Resources to Thrive in Today’s Digital World from the New Digital Citizenship Initiative by Discovery Education with Verizon and Fortinet

    Source: GlobeNewswire (MIL-OSI)

    CHARLOTTE, N.C., Feb. 27, 2025 (GLOBE NEWSWIRE) — Discovery Education, the creator of essential K-12 solutions used in classrooms around the world, today announced the launch of a new Digital Citizenship Initiative. The Digital Citizenship Initiative is a dynamic partnership that provides educators and students with free tools, resources, and the skills needed to thrive in today’s digital world.

    The Digital Citizenship Initiative grew out of needs summarized in a dedicated white paper entitled Risks and Resilience: Why Digital Citizenship Matters in K12 Education. This study illuminated many of the issues facing today’s students, including cyberbullying, online privacy, and digital footprints. Furthermore, research shows that students remain largely unaware of the impacts of digital technologies on all aspects of life. Discovery Education defines digital citizenship as a set of strategies and behaviors designed to promote a safer online experience for everyone.

    The Digital Citizenship Initiative partners include Impact Leader Verizon and Fortinet. Each partner has helped contribute expert insights to develop standards-aligned digital resources. Resources include ready-to-use materials, digital lessons, DEMystified series videos, and instructional materials spanning disciplines such as science, health, social studies, and English language arts. Educators can expect quarterly content releases covering a range of topics that address digital citizenship.

    “At Verizon, we are driven by purpose and guided by values in all that we do. Being part of the Digital Citizenship Initiative is the latest building block in Verizon’s work to empower people to live, work, and play. Students are our future, and we are proud to support them as they learn to use digital technologies responsibly,” said Alex Servello, Associate Vice President of Responsible Business at Verizon.

    “As a cybersecurity leader, we believe that staying ahead of sophisticated threats and cyber risks requires building a more cyber-aware society,” said Rob Rashotte, Vice President, Fortinet Training Institute. “To help achieve this, Fortinet partnered with educators to develop and make accessible a tailor-made security awareness curriculum to help prepare both educators and students to apply cybersecurity skills at school, at home, and everywhere they need it. We are proud that this curriculum will now be leveraged in the Digital Citizenship Initiative to further develop fundamental security skill sets across our global community.”

    To access the Digital Citizenship Initiative resources, please visit digitalcitizenship.discoveryeducation.com. Educators with access to Discovery Education Experience can find these resources on the Digital Citizenship channel.

    “Digital technology has revolutionized the way students learn, connect, and express themselves. Supporting digital citizenship is critical for preparing students to navigate an increasingly connected and complex online environment,” said Amy Nakamoto, Executive Vice President of Marketing and Strategic Alliances. “Thanks to our partners – Verizon and Fortinet – for your leadership in preparing students to navigate our tech-driven world responsibly.”

    For more information about Discovery Education’s award-winning digital resources and professional learning solutions, visit www.discoveryeducation.com, and stay connected with Discovery Education on social media through X, LinkedIn, Instagram, TikTok, and Facebook.

    About Verizon
    Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

    About Fortinet
    Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

    About Discovery Education
    Discovery Education is the worldwide edtech leader whose state-of-the-art, K-12, digital solutions support learning wherever it takes place. Through award-winning multimedia content, instructional supports, innovative classroom tools, and strategic alliances, Discovery Education helps educators deliver powerful learning experiences that engage all students and support higher academic achievement on a global scale. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Through partnerships with districts, states, and trusted organizations, Discovery Education empowers teachers with essential edtech solutions that inspire curiosity, build confidence, and accelerate learning. Explore the future of education at www.discoveryeducation.com.

    Contacts
    Grace Maliska
    Discovery Education
    Email: gmaliska@dicoveryed.com

    The MIL Network –

  • MIL-OSI: LPL Welcomes Townsgate Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Jim Murray, Larry Bernstein, Abby Goldstein, CFP®, Michael Kazmer, CFP®, Brett Goldberg and Wesley Wong of Townsgate Wealth Management have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately $1.15 billion in advisory, brokerage and retirement assets* and join LPL from Wells Fargo Advisors Financial Network.

    Based in Westlake Village, Calif., Townsgate Wealth Management was founded in 2016 and has since grown to an ensemble practice that serves primarily high-net-worth individuals, families and business owners. Complementing each other’s strengths, the advisors focus on several areas of investing, including in-depth portfolio management, fixed-income analysis and retirement planning, while partnering with CPAs and attorneys to create deeply personalized strategies for each client. They are supported by administrative assistants Sarah Levi-Sickman, Joni Melickian and Claire Trentacosta.

    “Our clients are the center of everything we do at Townsgate,” Murray said. “We maintain a fiduciary focus for clients and take full discretion in trading, running portfolio models and creating highly customized plans to help them work toward their goals. Whether we are developing strategies that focus on preserving wealth, building a legacy or sharing wealth with the next generation, our priority is bringing our clients’ visions into reality.”

    Looking to further grow their business while maintaining their client-first approach to service, the team embarked on a year-long due diligence process that led them to LPL.

    “True independence is having the autonomy to operate on our terms, which is what we found in LPL,” Bernstein said. “LPL’s culture, strong reputation, integrated systems and innovative platform means they truly serve the needs of the advisors. With advisor-centric support and a client-centric advisory practice — our clients win.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome the advisors of Townsgate Wealth Management to LPL and congratulate the team on this milestone in the evolution of their practice. At LPL, independence means advisors benefit from book ownership, industry-leading technology and greater support to help them grow their practices while exceeding client expectations. We look forward to partnering with Townsgate for years to come.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Townsgate Wealth Management and LPL are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact:
    Media.relations@LPLFinancial.com 
    (704) 996-1840

    Tracking #700488

    The MIL Network –

  • MIL-OSI: Zoom and Mitel announce rollout of AI-first hybrid communications and collaboration solution

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) — Today, Zoom Communications, Inc. (NASDAQ: ZM) and Mitel, a global leader in business communications, announced the global launch of a unique hybrid cloud solution that integrates Zoom Workplace and Zoom AI Companion with Mitel’s flagship communications platforms, including its leading telephony solutions. This marks a significant milestone in the strategic partnership between the companies announced in September 2024.

    Today, organizations are navigating the adoption of emerging technologies like AI while maintaining security, business continuity, and flexibility when modernizing business communications. This new solution is designed to meet the growing enterprise demand for hybrid unified communications (UC) deployments by offering a “best-of-both-worlds” approach that empowers organizations to deliver mission-critical communications capabilities alongside exceptional collaboration functions to enhance business productivity.

    The multi-phased rollout will see Zoom’s AI-first solution integrate seamlessly with existing Mitel software and devices, starting now with global availability for Mitel’s OpenScape Voice and OpenScape 4000 platforms. This will be expanded to include MiVoice Business solutions in the coming weeks, as well as MiVoice 5000 and MX-ONE solutions before the end of 2025. Device portfolios like the OpenScape CP and the Mitel 6900 Series are now Zoom Phone certified, with the full list of certified models available here. Certification of Mitel’s OpenScape SBC is also complete, enabling compatibility with Zoom’s Bring-Your-Own-PBX (BYOP) and Bring-Your-Own-Carrier (BYOC) direct routing capabilities. Mitel Border Gateway (MBG) certification will follow in the weeks ahead.

    “As businesses navigate the connectivity requirements to support hybrid work, they need solutions that unite the benefits of on-prem or single-instance cloud communications infrastructure with Zoom’s industry-leading collaboration experiences, giving them the best of both while future-proofing their organizations,” said Graeme Geddes, chief sales and growth officer at Zoom. “The AI-first solution provided by Zoom and Mitel makes connecting and collaborating seamless and efficient while giving customers the flexibility to migrate to the cloud on their own terms and with their existing Mitel devices.”

    “Recent research shows 92% of mid-to-large enterprises are considering hybrid deployments, and for good reason,” said David Petts, chief sales officer at Mitel*. “In today’s rapidly changing workplace, staying connected through video, chat, or voice is more important than ever and a vital part of business continuity planning. Mitel’s strategic partnership with Zoom has produced an offering that provides seamless access to these solutions while enabling compliance and security control in the most demanding use cases, industries, and geographies. With the integration of Zoom’s AI Companion, it’s a winning combination for organizations looking for an elevated collaboration experience that truly fits their overall communication needs.”

    Deliver AI-first collaboration tools built for modern work
    With the Zoom Workplace app fully integrated with secure Mitel telephony and devices, users can call, meet, and chat from a single solution, including the ability to escalate from a Mitel-powered call directly into a Zoom meeting. Additionally, users can brainstorm ideas, develop content, and kickstart project plans with Zoom Docs, Zoom Whiteboard, Zoom Clips, and more. AI Companion is woven throughout to help users jumpstart content creation, stay focused, prioritize what’s important, and get answers fast.

    Maintain control and maximize current investments
    With the joint hybrid solution, users can maintain unmatched control over mission-critical activities like release schedules, configurations, updates, system changes, and telephony while leveraging existing investments without isolation. For organizations in specialized industries like healthcare, hospitality, government, and financial services, this means having the ability to continue to leverage existing Mitel-certified vertical integrations along with specialized devices and workflows for frontline workers.

    Blend on-prem and cloud capabilities to suit an organization’s unique requirements
    The hybrid architecture from Zoom and Mitel provides users with a simple approach to blending on-prem with the right mix of private and public cloud on their terms to meet their unique needs. It gives organizations the flexibility, tools, and resilience they need to future-proof their current systems while maintaining reliability throughout the process. Additionally, using the Zoom Workplace app, users will have access to a consistent modern user experience every step of the way. If UCaaS is ultimately their preferred deployment model, they can easily bring their certified Mitel devices with them.

    Jim Lundy, Founder & CEO of Aragon Research, confirms that “The Mitel-Zoom partnership is a game changer, offering businesses a path to hybrid communications with AI collaboration and communications capabilities.”

    The joint solution is now available to customers worldwide. Further advanced capabilities are underway as part of the multi-phase partnership plan. For more information about the joint solution, please visit https://www.mitel.com/products/zoom-workplace.

    * According to a June 2024 global survey of 1,954 organizations conducted by Mitel and Techaisle.

    About Zoom
    Zoom’s mission is to provide one platform that delivers limitless human connection. Reimagine teamwork with Zoom Workplace — Zoom’s open collaboration platform with AI Companion that empowers teams to be more productive. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer care teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ: ZM) and headquartered in San Jose, California. Get more information at zoom.com.

    About Mitel
    Mitel is a global leader in business communications, providing businesses with advanced communication, collaboration, and contact center solutions. With more than 70 million users across over 100 countries, Mitel empowers organizations to connect, communicate, and collaborate seamlessly, with the flexibility and choice they need to thrive, both now and for the future. Through proven experience and innovative solutions, Mitel delivers communications without compromise. For more information, go to www.mitel.com and follow us on LinkedIn.

    Mitel is the registered trademark of Mitel Networks Corporation. All other trademarks are the property of their respective owners.

    Zoom Public Relations
    Karen Modlin
    press@zoom.us

    Mitel Public Relations
    Trever Kerr, Americas
    Sandrine Quinton, Europe and Asia
    pr@mitel.com

    The MIL Network –

  • MIL-OSI: Bruno Lacoste Promoted to Group Leader, Signaling and Security, at Lumine Group to Strengthen Leadership in Telecommunications Innovation

    Source: GlobeNewswire (MIL-OSI)

    LOWELL, Mass., Feb. 27, 2025 (GLOBE NEWSWIRE) — Titan.ium Platform today announced that Bruno Lacoste has been appointed to a new position with the parent company as Group Leader Signaling and Security, Lumine Group Inc. This is an additional responsibility to his role as CEO of Titan.ium Platform. This promotion recognizes Lacoste’s exceptional leadership and reflects the Lumine Group’s commitment to strengthening its leadership in telecommunications innovation.

    In his new role, Lacoste will leverage his deep industry expertise with more than 20 years of experience at telecommunications and software companies and lead cross-company collaboration within Lumine Group. His role underscores the significance of signaling and security technologies in shaping the future of communications networks worldwide.

    “Bruno’s tenure as CEO has been transformative for Titan.ium,” said Tony Garcia, group president at Lumine Group. “Under his leadership, the company achieved remarkable milestones, including the successful modernization of critical network infrastructures for leading global operators. As Group Leader, Signaling and Security, Bruno’s vision and expertise will continue to be a driving force behind our innovation and growth.”

    Lacoste joined Titan.ium in 2017 helping to position the company as a trusted partner to the world’s top communications service providers. Over the years, he has been instrumental in advancing Titan.ium’s cloud-native solutions, forging strong relationships with customers, and driving strategic initiatives that solidified the company’s leadership in the telecommunications industry.

    “I am looking forward to taking on this new role and building on Lumine’s mission to deliver cutting-edge solutions that empower our customers,” said Lacoste. “The telecommunications landscape is evolving rapidly, and I look forward to focusing on our world-class signaling and security portfolio to drive innovation and ensure our customers remain at the forefront of this transformation.”

    This promotion reflects Lumine Group’s commitment to talent development and nurturing growth to position itself for continued success with a global portfolio of communications and media software businesses.

    About Lumine Group
    Lumine Group (TSXV: LMN) acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at www.luminegroup.com.

    About Titan.ium Platform
    Titan.ium Platform is a leader in signaling, routing, subscriber data management, and security software and services. Our solutions, which are deployed in more than 80 countries by over 180 companies, including eight of the world’s top 10 communications service providers and all of the top five, are a testament to our industry leadership. Titan.ium supports any network, domain, signaling protocol, and infrastructure with advanced routing capabilities and a unified end-user experience. For more information, please visit https://titaniumplatform.com.

    Media Contact
    Glenn Rossman
    glenn@eckertcomms.com
    914-623-8354

    The MIL Network –

  • MIL-OSI: Ataccama Data Trust Report 2025: One in five businesses lack a data governance framework, leaving AI advantages untapped

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 27, 2025 (GLOBE NEWSWIRE) — Ataccama, the data trust company, today released the Ataccama Data Trust Report 2025: Turning Compliance and Risk Mitigation into a Foundation for Strategic AI Advantage, which highlights a disconnect between businesses’ ambitions for AI and their investment into compliance and risk mitigation. The second report in the series explores how many businesses are running before they can walk by building AI on unstable foundations made of data that isn’t governed correctly.

    The report found that 42% of organizations prioritize regulatory compliance, but only 26% focus on it within their data teams. This highlights blind spots with real-world consequences like regulatory fines and data breaches that can erode customer trust, financial stability, and competitiveness. The Data Trust Report suggests that organizations must reframe their thinking to see compliance as the foundation for long-term business value and trust.

    Automation is the engine of sustainable risk mitigation

    Generative and traditional AI tools are only as reliable as the data they depend on. To ensure this data isn’t compromised, businesses must adopt automation for more than just improving efficiencies. Considering 47% of organizations recognize data quality as critical to compliance and 39% highlight data accuracy as essential for risk mitigation, automation within this process is vastly undervalued.

    To gain access to AI-ready data, innovative companies should be embedding automation into their workflows for data validation and accuracy, scalable risk mitigation, and auditing. Without automation as the foundation for scalability, businesses risk their AI investment failing.

    Leadership misalignment is the silent killer of AI success

    33% of organizations cite leadership misalignment as a significant blocker for responsible AI adoption. The evolution of AI far outpaces historical transformations such as cloud adoption, creating an unprecedented urgency for strategic leadership alignment, which many businesses are lacking.

    Leadership teams must act decisively and responsibly to enable their organizations to set the pace for AI adoption. This includes ensuring complete alignment to a robust governance framework across the business, which 21% of organizations lack entirely. Driving this compliance from the top down will create a cultural reset that sees governance move from a reactive checkbox to a strategic driver of innovation and trust.

    The growing strain of regulatory tension

    Just 2% of organizations believe regulations stifle innovation, while 55% feel that current frameworks are too restrictive, showing clear tension between the optimism businesses feel towards compliance and the reality of fast-moving AI sectors. Currently, only 24% of organizations have implemented AI at scale, highlighting a significant gap in readiness.

    Fortunately, automation has the potential to improve regulatory adherence by 40% this year, which businesses can augment by establishing cross-functional teams to adapt to regulatory changes in real-time, and by shifting the mindset of their teams to see compliance as an opportunity rather than a hurdle.

    Mike McKee, CEO of Ataccama, said, “Ataccama is in a unique position to help companies tackle data quality as the foundation for successful AI business initiatives with our unified data trust platform that combines data quality, lineage, observability and master data management. Compliance built on high-quality, trusted data is the foundation for transparency, and it should be regarded as more than a tick-box exercise. Tackling this with a scalable solution embedded with AI-enabled automation will unlock a competitive advantage for initiatives such as customer expansion and personalized experiences. The business leaders that understand this and instill the same mindset throughout their companies will be the ones setting the pace in the future.”

    Read the full report here.

    Visit Ataccama on Booth 918 at the Gartner Data & Analytics Summit 2025 on March 3-5 in Orlando, Florida. More information here.

    Editor’s Notes

    Methodology: An online quantitative research survey was undertaken by Hanover Research in September and October 2024 with 300 qualified participants (U.S. n=150; Canada n=50; U.K. n=100). Respondents were aged 35+ and employed full-time within organizations generating revenue over $500 million in the banking/finance, business services, healthcare, insurance, manufacturing, retail, software, and telecommunications industries. Participants were senior leaders or heads of department with a data-led function and had some or full responsibility for technology decision-making and data strategy.

    About Ataccama

    Ataccama is the data trust company. Organizations worldwide rely on Ataccama ONE, the unified data trust platform, to ensure data is accurate, accessible, and actionable. By integrating data quality, lineage, observability, governance, and master data management into a single solution, Ataccama enables businesses to unlock value from their data for AI, analytics, and operations. Trusted by hundreds of global enterprises, Ataccama helps organizations drive innovation, reduce costs, and mitigate risk. Recognized as a Leader in the 2024 Gartner Magic Quadrant for Augmented Data Quality and the 2025 Magic Quadrant for Data and Analytics Governance, Ataccama continues to set the standard for trusted data at scale. Learn more at www.ataccama.com.

    The MIL Network –

  • MIL-OSI: Triller Group Unveils 2025 Roadmap and Creator-Centric Initiatives in Investor Update

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, CA, Feb. 27, 2025 (GLOBE NEWSWIRE) — Triller Group Inc. (“Triller”, “Triller Group” or “the Company”) is thrilled to release its latest investor presentation showcasing once-in-a-lifetime opportunities within the rapidly expanding Creator Economy. Transformative changes in technology and unmet needs of consumers and creators are reshaping the Creator Economy landscape. Triller is uniquely positioned to capitalize on these developments by creating innovative solutions that empower creators and redefine how content is created, distributed, owned and monetized. Through this latest investor presentation, Triller is providing its stakeholders with in-depth insights into its commitment to driving growth in this lucrative marketplace.

    The Creator Economy is on its way to becoming a marketplace exceeding $500 billion. Powerful drivers are converging to create a once-in-a-lifetime opportunity. Technology continues to disrupt traditional platform and content distribution models. Existing platforms are unable to meet the needs of consumers and creators. Market uncertainties are giving rise to previously unimagined possibilities. Taken together, these developments are creating a unique moment in time to open doors for Triller’s dynamic solutions. The Creator Economy is ripe for Triller’s disruption and innovation.

    Triller Group Inc. stands at the forefront of transformation by offering three proven pathways to capitalize on the burgeoning Creator Economy.

    The Triller App is emerging as one of the most creator-focused platform, equipped with a distinctive vision, comprehensive quarter-by-quarter ready-to-implement plan. With initiatives such as “savemytiktoks” and weekly updates to its new and improved app, Triller is actively bringing its innovative, creator-friendly vision to fruition. Early successes (including the rise to the top tier position in app stores around the globe) have given Triller App significant momentum and the right to win in this space.

    BKFC and TrillerTV are thriving businesses dedicated to producing and delivering authentic and unique content. By integrating these entities more closely, Triller Group can unlock tremendous value, following a proven industry playbook.

    AGBA provides a sophisticated distribution platform for financial services, showcasing an technologically innovative and efficient approach to the distribution of financial services. Through AGBA FinTech investments, Triller Group has a clear pathway to introducing financial services into the Creator Economy, creating new revenue streams and enhancing the overall ecosystem.

    As the Creator Economy continues to flourish, Triller Group Inc. is poised to lead the way, harnessing powerful trends to create lasting impact and drive significant growth.

    “We are at a pivotal moment in the Creator Economy, and Triller Group is committed to leveraging our innovative platforms to empower creators and unlock new opportunities.” Said Wing Fai Ng, CEO of Triller Group. “Our latest investor presentation outlines our vision and strategy, illustrating how we plan to capitalize on the immense potential that lies ahead. Together, we are not just participating in this growth; we are leading it.”

    Investors, analysts, and stakeholders are encouraged to visit https://trillercorp.com/ir/ to download the investor presentation.

    About Triller Group Inc.        

    Triller Group Inc. is a technology powerhouse with a portfolio of high-growth businesses poised to break through in the Creator Economy. Triller App is the most creator focused social platform offering discovery, monetization, and ownership. Supported by Triller Platform, it serves as a cutting-edge social media platform designed for creators, offering innovative tools for content creation, marketing, and brand partnerships. It enables creators to connect with fans, monetize their work, and build meaningful relationships with brands.

    Bare Knuckle Fighting Championship (BKFC) stages live and streaming combat sports events that are rapidly gaining popularity with fans globally. With a focus on exciting matchups and high-energy performances, BKFC has established itself as the fastest-growing combat league in the industry. TrillerTV is Triller Group’s premier live streaming platform, showcasing a diverse array of in-house and third-party sports and entertainment content. With its robust infrastructure, TrillerTV is committed to delivering high-quality live events that captivate audiences and drive subscriber growth.

    Additionally, AGBA serves as a one-stop financial supermarket, providing independent distribution of a wide range of financial products and services. By connecting consumers with essential financial solutions, AGBA enhances Triller Group’s ecosystem, making it easier for users to access the tools they need for financial success.

    Together, these diverse businesses form a unique and integrated ecosystem that positions Triller Group at the forefront of innovation in social media, live entertainment, combat sports, and financial services. For more information about our businesses, visit www.trillercorp.com and www.agba.com.

    Investor & Media Relations:

    Bethany Lai
    ir@triller.co

    Breanne Fritcher
    triller@wachsman.com

    Details:
    Company: www.trillercorp.com
    Linkedin: www.linkedin.com/company/triller
    X: @Triller_IR

    # # #

    Safe Harbor Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

    The MIL Network –

  • MIL-OSI: Trillion Energy Announces Payment of Director Fees and Debt Settlements

    Source: GlobeNewswire (MIL-OSI)

    Vancouver, B.C., Feb. 27, 2025 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), announces the issuance of an aggregate of 3,516,493 common shares of the Company in settlement of $204,436.07 in debt owed by the Company to directors, officers and consultants (the “Debt Settlement“). Sean Stofer, Trillion’s Interim CEO & Chairman of the Board stated, “I would like to thank the directors and employees who have opted to receive amounts payable to them in Shares. This is a show of confidence in Trillion as we continue to move forward aggressively with plans to recommence drilling and workovers on our projects”.

    In connection with the Debt Settlement, an aggregate of 1,209,413 common shares of the Company were issued for 2024 directors fees and certain management services from directors and an officer of the Company (the “Insider Settlement“).

    The Insider Settlement is considered a “related-party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Debt Settlement based on that the fair market value of such insider participation does not exceed 25% of the Company’s market capitalization.

    About the Company

    Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The Company is 49% owner of the SASB natural gas field, a Black Sea natural gas development and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. More information may be found on www.sedarplus.ca , and our website.

    Contact
    ‎Sean Stofer, Chairman
    Brian Park, VP of Finance
    1-778-819-1585
    E-mail: info@trillionenergy.com
    Website: www.trillionenergy.com

    Cautionary Statement Regarding Forward-Looking Statements

    This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company’s ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.

    These statements are no guarantee of future performance and are subject to certain risks, uncertainties, delay, change of strategy, and assumptions that are difficult to predict and which may change over time. Accordingly, actual results and strategies could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies, the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical or operating conditions; the cost of extracting gas and oil may increase and be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Company’s filings on www.sedar.com, including the most recently filed Annual Report on Form 20-F and subsequent filings. For a full summary of our oil and gas reserves information for Turkey, please refer to our Forms F-1,2,3 51-101 filed on www.sedarplus.ca , and or request a copy of our reserves report effective December 31, 2023 and filed on April 25, 2024.

    ‎

    The MIL Network –

  • MIL-OSI: EXL named a Leader in four categories in ISG Provider Lens™ Insurance Digital Services North America Report

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a global data and AI company, announced it has been named a Leader in four categories in the ISG Provider Lens™ Insurance Services 2024 report. Earning top honors in the North American Life & Retirement Insurance BPO Services, Property & Casualty Insurance BPO, Life & Retirement TPA Insurance Services, and Insurance ITO Services – Midmarket, categories, EXL demonstrated its deep expertise in all aspects of the insurance industry.

    The 2024 report reflects EXL’s sustained excellence as a top performer. This is the third consecutive time that EXL has earned Leader designations for Life & Retirement Insurance BPO Services, Property & Casualty Insurance BPO, Life & Retirement TPA Insurance Services in North America. Meanwhile, this is the first time EXL has earned the Leader designation for Insurance ITO Services – Midmarket.

    “At a time when new technologies and economic fluctuations have disrupted the insurance industry to its very core, our commitment to provide our clients with solutions backed by robust data, powerful analytics and cutting-edge AI has become more valuable than ever,” said Vivek Jetley, president and head of insurance, healthcare and life sciences at EXL. “Being recognized in three categories once more—now with an added Leader designation—reinforces our drive to innovate, push boundaries and deliver unparalleled results for our clients.”

    ISG Provider Lens™ is a practitioner-led service provider comparison, powered by ISG’s advisory experience and data-driven research. ISG’s Research reports provide independent vendor evaluations and enterprise buying behavior segmentation. Provider positioning is based on neutral and independent research, such as quantitative data that includes provider surveys, product testing and customer interviews.

    “EXL has leveraged the power of GenAI to transform the insurance business,” said Ashish Jhajharia, lead analyst and co-author of the ISG Provider Lens™ Insurance Services 2024 report. “As EXL continues to excel at providing essential support to insurance carriers as they embark on a journey toward data-driven digital transformation, they stand poised to thrive in 2025.”

    To read more about the report and to see how EXL compares to its competition, click here. For more information about EXL’s solutions for the insurance industry, click here.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 59,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network –

  • MIL-OSI: Drones Becoming Smaller, Lighter, More Reliable Allowing Them to Perform Broader Range of Tasks

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Due to the advancements in software and artificial intelligence, the increasing use of drones is making it easier to control and automate them. They play a crucial role in improving farming techniques. Improving productivity, and are used for environmental monitoring, disaster relief, and search & rescue operations. Drones are becoming smaller, lighter, and more reliable, which allows them to perform a broader range of tasks. Their growing popularity stems from benefits such as improved efficiency, cost-effectiveness, and safety. The increase in precision farming needs, aiming to boost crop productivity, drives market growth. Drone OEMs are investing in R&D for thermal cameras, multispectral sensors, and LiDAR, improving drone efficacy in monitoring fields, creating vegetation maps, and detecting issues such as disease and irrigation irregularities. Thus, it drives the market growth during the forecast period. Agricultural drones, flying at a specific altitude with sensors, provide crucial analytical data for controls crop health, treatment, exploration, field soil analysis, and yield assessments, aiding farmers in making informed decisions and reducing time and costs. According to a report from MarketsAndMarkets “Commercial drones can be provided wireless coverage during emergency cases where each drone serves as an aerial wireless base station when the cellular network goes down. They can also be used to supplement the ground base station to provide better coverage and higher data rates for users. Drones can also assist various terrestrial networks, such as device-to-device and vehicular networks. For instance, due to their mobility and LOS Communications, drones can facilitate rapid formation dissemination among ground device. Furthermore, drones can potentially improve the reliability of wireless links in D2D and vehicle-to-vehicle (V2V) communications while exploiting transmit diversity.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), EHang Holdings Limited (NASDAQ: EH), Red Cat Holdings, Inc. (NASDAQ: RCAT), AgEagle Aerial Systems Inc. (NYSE: UAVS).

    MarketsAndMarkets continued: “Flying drones can help broadcast common information to ground devices, thereby reducing interferences in ground networks by decreasing the number of transmissions between devices. Based on operational mode, the commercial drone market has been classified into remotely piloted, optionally piloted, and fully autonomous. The remotely piloted segment is projected to grow at a significant rate during the forecast period, driven by the cost-effective usage of remotely piloted UAVs in several applications ranging from defense operations to surveys. Fully autonomous drones significantly enhance operational efficiency and reduce costs across various end use such as agriculture, transport, logistics & warehousing, and Oil & Gas. Based on function, the Commercial Drone market has been segmented into passenger drones, inspection & monitoring drones, surveying & mapping drones, spraying & seeding drones, cargo air vehicles, and others. Passenger Drone segment is projected to record the highest growth during the forecast period with emergence of drone taxis as convenient means of aerial transportation of passenger at high speed.”

    ZenaTech (NASDAQ:ZENA) ZenaDrone Advances IQ Square Drone to Manufacturing Stage for Outdoor Applications Including Inspections, Surveys, and the Fast-Growth Power Washing Sector – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that its subsidiary ZenaDrone has moved its first batch of IQ Square multifunction drones from prototype to manufacturing stage. This drone was designed for outdoor applications for operator line-of-site inspections such as for building and construction inspections, short-range land surveys, power washing and other business and government applications. The IQ Square is also expected to be a key part of ZenaDrone’s multifunction drone inventory for its Drone as a Service or DaaS business, which enables business and government users to hire a turnkey drone service and drone pilot through a local store for easy subscription-based or pay-as-you-go access to drones for various uses.

    “The IQ Square’s rapid progression from the prototype stage, initiated in 2022, to the manufacturing and assembly stage is a testament to our hardware and engineering team’s dedication and hard work. We see many commercial and government applications for the IQ Square, which we also envision will be central to powering our future DaaS operations as a versatile multifunction drone for multiple outdoor uses requiring line-of-site including fast growth uses like power washing,” said CEO Shaun Passley, Ph.D.

    The IQ Square will be equipped with a power wash system for use in larger-scale cleaning jobs such as stadium seating, building exteriors, and public spaces; drones eliminate the need for scaffolding, lifts, or manual labor by providing a more efficient, safe, and cost-effective solution. Tethered to a ground-based water and a power source, it is designed to maintain a continuous supply of high-pressure water needed to clean large areas without the weight limitations of onboard tanks.

    The mold and drone body frames of the first batch of IQ Square drones are currently being completed, after which they will be assembled, integrated, and tested at the company’s Sharjah, UAE production facility. The Company will oversee the integration and quality inspection of electronics, battery and propulsion systems, software, and sensor installation and calibration, concluding with final flight testing.

    According to QYResearch, the global market for drone cleaning services, including applications such as water hose-tethered power washing for stadium seats and public areas, is projected to reach approximately $53.89 billion by 2030, growing at a CAGR of 19.3%.

    ZenaTech’s Drone as a Service or DaaS business model enables government agencies, building developers, entertainment facilities, farmers, environmental firms, etc. to conveniently access a turnkey drone solution via a local store on a pay-as-you-go or subscription basis rather than having to buy the entire drone hardware and software solution. Like Amazon Web Services, where Amazon owns computer equipment platforms and hires the personnel, with the DaaS model, ZenaDrone owns the drones, hires the pilots and ensures regulatory compliance to enable the cost savings, precision and efficiency of drones over existing legacy methods. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the drone industry include:

    Draganfly Inc. (NASDAQ: DPRO) recently confirms through recent sales activities its positioning and preparedness to support the enhancement of border security amid evolving global trade and security uncertainties and shifting geopolitical dynamics. Highlighting recent sales activities with policing agencies, Draganfly continues to strengthen its position to support border security with advanced drone technology solutions.

    “Recent global trade challenges, tariff uncertainties, and security concerns underscore the critical importance of secure borders and resilient supply chains,” said Cameron Chell, CEO of Draganfly Inc. “Our recent sales activities with policing agencies is a testament to our ability and readiness to provide drone technology and services in support of border security solutions.”

    EHang Holdings Limited (NASDAQ: EH) recently announced a strategic cooperation framework agreement with Anhui Jianghuai Automobile Group Co., Ltd. (“JAC Motors”) and Hefei Guoxian Holdings Co., Ltd. (“Guoxian Holdings”). Under this agreement, cooperation will focus on establishing a joint venture in Hefei to invest in the construction of a state-of-the-art manufacturing base for low-altitude aircraft. The facility will integrate advanced technology, standardization, and automation to produce intelligent and pilotless electric vertical takeoff and landing aircraft (“eVTOL”).

    The strategic cooperation signing ceremony was attended by key officials including Fei Yuan, Standing Committee Member of Hefei Municipal Committee and Vice Mayor of Hefei; Xingchu Xiang, Chairman, and General Manager of JAC Motors; Xingke Yin, Vice General Manager of JAC Motors; Huazhi Hu, Founder, Chairman, and CEO of EHang; and Zhao Wang, Chief Operating Officer of EHang. They were joined by other distinguished guests in witnessing the signing of the strategic cooperation agreement, marking a new milestone in the high-quality development of China’s low-altitude economy ecosystem.

    Red Cat Holdings, Inc. (NASDAQ: RCAT) recently announced that its Black Widow drone and FlightWave Edge 130 were included on the list of 23 platforms and 14 unique components and capabilities selected as winners of the Blue UAS Refresh. The platforms will undergo National Defense Authorization Act (NDAA) verification and cyber security review with the ultimate goal of joining the Blue UAS List.

    Over the coming months, the Blue UAS List and Blue UAS Framework will expand with new additions. The inclusion of the Black Widow and Edge 130 as winners of the Refresh further validates Red Cat’s commitment to delivering NDAA-compliant unmanned systems for defense and government applications.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) recently announced its participation in the inaugural XPONENTIAL Europe trade show in Dusseldorf Germany held February 18-20, 2025. AgEagle CEO Bill Irby commented, “Invaluable visibility was achieved at XPONENTIAL Europe as AgEagle further strengthened its leadership role in the worldwide UAS marketplace. Our entire product line was presented to a prominent and influential audience both directly by AgEagle and through our industry-leading partners. Notably, major European defense contractor Rheinmetall, presented AgEagle’s eBee VISION as an integral part of their offering as did Dronivo and MKS Servo. The diverse needs of European nations both commercially and defense-wise were reviewed with high-value insight provided by the congregation which included representatives from NATO. AgEagle remains committed to consistently expanding the capabilities and global footprint of our best-in-class UAS products as we continue to build long-term value for all our stakeholders.”

    XPONENTIAL Europe offered a unique combination of trade fair, live demonstrations and a top-class conference program. Daily keynotes by internationally renowned speakers before the start of the trade fair brought exhibitors and visitors together and provided important impetus for the future of autonomy. The tradeshow is the very first event put on by Messe Dusseldorf in partnership with AUVSI. Various members of the drone customer community were present, such as the German Bundeswehr and the U.S. Army, along with members of the press and industrial community.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty four hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: TruGolf Engages Eventus Advisory Group, LLC to Provide Financial Services Advisory and CFO Support

    Source: GlobeNewswire (MIL-OSI)

    Salt Lake City, Utah, Feb. 27, 2025 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, is pleased to announce that it has engaged Eventus Advisory Group, LLC (“Eventus”) (www.EventusAG.com) to provide financial services advisory and CFO support. Eventus has over 17 years’ experience in working with micro- and small-cap companies and will act as a key advisor to TruGolf as it continues to enhance its financial operations and deliver on the company’s strategic priorities.

    Eventus specializes in supporting fast-growing companies and brings a proven track record of helping companies efficiently manage financial operations, technical accounting and SEC compliance issues. This support will help with TruGolf’s transparent communication with shareholders and regulatory bodies.

    “We at Eventus are passionate about working with dynamic, high-growth companies like TruGolf,” said Neil Reithinger, Managing Partner of Eventus. “TruGolf has a strong history of delivering innovative golf simulation solutions and is a recognized leader in the space. We are excited to bring our expertise to support their continued success and financial stability.”

    Chris Jones, CEO of TruGolf, expressed his confidence in the engagement, stating, “We are incredibly grateful to have Eventus on board. Their history of guiding companies like ours through complex financial landscapes supports our exciting path forward.”

    TruGolf is currently working with its Board of Directors to regain compliance with Nasdaq listing requirements. Part of this includes TruGolf’s efforts on working to improve its balance sheet by reducing outstanding liabilities and evaluating other measures to meet Nasdaq’s shareholders’ equity requirements by their March 31, 2025 deadline. The company intends to consider all available alternatives to cure the deficiencies.

    Disclaimer on Forward Looking Statements

    This news release contains certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements that are not of historical fact constitute “forward-looking statements” and accordingly, involve estimates, assumptions, forecasts, judgements and uncertainties. Forward-looking statements include, without limitation, the Company’s ability to regain compliance with Nasdaq’s continued listing requirements. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in the Forward Looking Statements and Risk Factors sections of the Company’s S-1 filed with the Securities and Exchange Commission. We do not undertake an obligation to update our forward-looking statements to reflect future events.

    About TruGolf, Inc.:

    TruGolf is a golf technology company, committed to making golf, easy. From innovative uses for AI to build content and enhanced image and spatial analysis, to gamified golf improvement plans, TruGolf is an industry leader in the growing technological revolution in the sport of golf. Since TruGolf’s founding it has redefined what is possible with golf through technology. TruGolf’s suite of Hardware, Software, and Web Products make the game easier to Play, Improve and Enjoy.

    About Eventus: Eventus is a CFO advisory firm that specializes in supporting the office of the CFO for public and private companies, with services ranging from accounting, financial operations, technical reporting, regulatory and SEC compliance, audit and IPO preparation, corporate governance and transaction advisory services. Through these service offerings and the experience of the Eventus team, the firm helps businesses navigate complex financial landscapes so that Eventus’ clients can focus on sustainable growth.

    The MIL Network –

  • MIL-OSI: MovieCoin (MOV) Shaping the Future of Film Investment with Winvest Group

    Source: GlobeNewswire (MIL-OSI)

    RENO, NEVADA, Feb. 27, 2025 (GLOBE NEWSWIRE) — A visionary investment team has launched MovieCoin (MOV), a blockchain-powered financing platform designed to support Winvest Group’s (OTCQB: WNLV) development in movie production and Launchrr aggregation platform. MOV leverages a new financial model to bridge crypto investment with traditional capital markets, fostering long-term growth for investors.

    A New Era of Film & Web3 Investment

    MOV is an independent initiative dedicated to uncovering Winvest Group’s growth potential. Instead of traditional fundraising, the partnership of Winvest Group and MOV introduces a decentralized financing mechanism, allowing crypto community investors to support Winvest Group’s film and content projects.

    How MOV Benefits Stakeholders

    MOV enables investors to participate in the movie production project, token staking, participate in ecosystem activities and DAO decisions. Revenues channel can be derived from box office revenues, streaming rights, and Web3 integrations, ensuring a hybrid investment model that bridges cryptocurrency and traditional stock markets. However, the value of MOV may fluctuate based on market conditions and regulatory factors.

    “MOV provides a new avenue for investors to gain exposure to both blockchain and traditional capital markets,” said Jeffrey Wong, CEO of Winvest. “By supporting Winvest Group, we create a synergy between Web3 innovation and established entertainment industry.”

    Crypto Meets Traditional Finance: The Future of Capital Growth

    MOV is reshaping investment strategies by combining blockchain transparency with the stability of a publicly listed company. This hybrid approach allows investors to participate in MOV’s token economy and long-term financial ecosystem. Winvest Group is exploring blockchain and entertainment partnerships, aiming for a long-term collaboration with MOV Token to deepen resource integration and enhance value for both entities. MOV operates independently and facilitates participation in blockchain token but is not SEC-registered and may be subject to varying regulations.

    Investment & Tokenomics

    MOV Utility: Funding films, staking, DAO

    Investor Perks: Both crypto and traditional investments

    Blockchain Network: Solana

    Website: https://www.movcoin.co/

    Whitepaper: https://movie-coin.gitbook.io/moviecoin-whitepaper

    About Winvest Group

    Winvest Group (OTCQB: WNLV) is pioneering a decentralized, investor-centric entertainment ecosystem with the vision of creating For Lasting Joy. By leveraging Web3, blockchain, and AI, the company redefines film investment and distribution, unlocking value and fostering creativity. Through MovieCoin (MOV), Winvest empowers investors and creators with innovation and transparency. More than financial returns, we strive to build a legacy of joy, creativity, and connection. Join us in shaping the future of entertainment.

    For more information, visit: https://www.winvestgroup.co

    Safe Harbor Disclaimer

    This press release contains forward-looking statements subject to risks and uncertainties. Actual results may vary due to market conditions, regulatory changes, and business execution factors. The company does not guarantee financial performance or investment returns.

    For media inquiries:

    Connie Ting

    Winvest Group Limited

    50 West Liberty Street, Suite 880, Reno NV 89501

    Email: connie.ting@winxglobal.com

    Phone: 775-996-0288

    The MIL Network –

  • MIL-OSI: Helport AI Enhances Knowledge Base with AI-Powered Self-Learning and Multimodal Capabilities

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE and SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software, services, and solutions, today announced significant advancements to its knowledge base. Designed to optimize enterprise knowledge management, the latest updates introduce AI-powered self-learning, multimodal data integration, and enhanced real-time knowledge retrieval capabilities. These improvements are expected to further Helport AI’s mission to empower everyone to work as an expert through intelligent, efficient, and scalable AI solutions. 

    Transforming Enterprise Knowledge with AI 

    Knowledge bases are centralized sources of data, facts, and rules that AI systems use to understand, reason, and make decisions. Helport AI’s expertise in knowledge base creation and utilization is a key part of the Company’s value creation and growth to date. As part of this proprietary process, a unique, company-specific knowledge base is created for each enterprise customer which includes proprietary data, processes, and best practices refined over years of operation. 

    Built on proprietary AI models, Helport AI’s improved knowledge base development process now leverages enhanced self-learning capabilities to automate data curation, enhance accuracy, and streamline enterprise-wide information access. The enhanced system continuously refines its data by integrating real-time updates and contextual insights, reducing manual intervention and improving knowledge retrieval efficiency. 

    Designed for seamless enterprise integration, the knowledge base supports multiple languages and provides real-time, situationally aware insights. Its contextual search engine is built to provide users with precise, relevant responses, reducing time spent on manual searches. It aims to help customer service agents resolve inquiries faster, equip sales teams with the latest product details, and assist decision-makers with up-to-date information. Integrated with Helport AI’s speech navigation and real-time guidance technologies, the knowledge base is expected to enhance productivity and streamline knowledge transfer. 

    “Organizations need knowledge solutions that evolve with them,” said Guanghai Li, CEO of Helport AI. “With these enhancements, our knowledge base doesn’t just store information—it actively learns, adapts, and provides real-time insights to support enterprise operations at scale.” 

    Key Enhancements: 

    • AI-Driven Self-Learning: Proprietary algorithms analyze historical data and user interactions, enabling the knowledge base to refine itself dynamically, improving overall accuracy. 
    • Multimodal Data Integration: Enhanced RAG (Retrieval-Augmented Generation) technology now supports text, audio, and video inputs, achieving over 90% accuracy in multimodal data parsing. 
    • High-Speed Response & Scalability: Optimized query processing delivers AI-powered responses in under 800ms, helping enterprises access critical information with minimal latency. 
    • OpenAPI for Seamless Integration: A full-process API framework supports integration with existing CRM, ASR, and enterprise systems to reduce implementation time. 
    • Enterprise-Grade Security: Advanced encryption, access controls, and compliance adherence help facilitate secure knowledge management at scale. 

    Advancing Business Intelligence & Customer Experience 

    By integrating these new capabilities, Helport AI’s enhanced knowledge base aims to increase customer engagement, improve service efficiency, and enhance decision-making capabilities for businesses across finance, customer service, healthcare, and the public sector.

    “This evolution aligns with our commitment to continuous innovation,” added Li. “By providing enterprises with an AI-driven, intelligent knowledge management solution, we help ensure that businesses stay competitive in an increasingly digital world.” 

    About Helport AI 

    Helport AI (NASDAQ: HPAI) is an AI technology company dedicated to optimizing customer communication through its digital platform and intelligent software solutions. Offering enterprise-level customer contact services, Helport AI’s mission is to empower everyone to work as an expert. Learn more at www.helport.ai. 

    Forward-Looking Statements 

    Certain statements in this announcement are forward-looking statements, including, but not limited to, Helport AI’s business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on Helport AI’s current expectations and projections about future events that Helport AI believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Helport AI undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Helport AI believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and Helport AI cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in Helport AI’s registration statement and other filings with the U.S. Securities and Exchange Commission. 

    Helport AI Investor Relations:
    Website: https://ir.helport.ai/
    Email: ir@helport.ai

    External Investor Relations Contact:
    Chris Tyson 
    Executive Vice President
    MZ North America
    Direct: 949-491-8235
    HPAI@mzgroup.us
    www.mzgroup.us

    The MIL Network –

  • MIL-OSI: High Wire’s Overwatch Expands Portfolio to Include Critically Needed Professional Services

    Source: GlobeNewswire (MIL-OSI)

    BATAVIA, Ill., Feb. 27, 2025 (GLOBE NEWSWIRE) — High Wire Networks, Inc. (OTCQB: HWNI), a leading managed security services provider (MSSP), announces its first professional services client for Cyber Advisory consulting. This marks a significant milestone as the company expands its offerings to provide expert cyber services that complement its robust managed security services portfolio.

    The client, a multi-billion-dollar conglomerate with a diverse range of privately held businesses, is headquartered in the U.S. and has global operations in the transportation, mining, construction, and shipbuilding industries. The client engaged High Wire – Overwatch due to the quality, caliber, and strength of experience the company’s cyber advisors bring to the table.

    The cyber advisory engagement includes a dynamic set of outcomes, including board-level advisory services, risk assessments, strategic planning and execution, compliance consulting, support for mergers and acquisitions, and incident response management.

    As part of the scope of work, the client will receive tailored cybersecurity expertise, ensuring their security posture aligns with industry best practices and regulatory requirements. Additionally, the services will include developing board-level Key Performance Indicators (KPIs), creating a comprehensive risk register, and establishing a robust communication program.

    Ed Vasko, CEO of High Wire – Overwatch, commented: “We are thrilled to announce our first Cyber Advisory consulting engagement with such a distinguished and diverse organization. This collaboration highlights the growing demand for specialized cybersecurity expertise, and we’re excited to provide the high-level advisory support that enables our clients to meet their cybersecurity objectives. Our cyber subject matter experts bring deep experience across various industries, and we’re proud to help this global leader strengthen its security strategy.”

    About High Wire Networks
    High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End customers include Fortune 500 companies and many of the nation’s largest government agencies. The company’s 24/7 Security Operations Center is based in Chicago, Illinois.

    High Wire was ranked by Frost & Sullivan as a Top 15 Managed Security Service Provider in the Americas for 2024. It was also named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT-managed service providers for 2023 and 2024.

    Learn more at HighWireNetworks.com. Follow the company on X, view its extensive video series on YouTube, or connect on LinkedIn.

    Forward-Looking Statements
    The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

    Media Contact
    Lori Aleman
    Director of Marketing
    Tel (602) 920-0902
    Email Contact

    The MIL Network –

  • MIL-OSI: Radix Provides a Unique SBA Loan Designed to Protect Small Business Owners from Predatory Lending

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, Feb. 27, 2025 (GLOBE NEWSWIRE) — Radix Financial Group, a financial services firm with over $600 million secured in funding for small businesses, today announced the launch of Go SBA Express by Radix, a U.S. Small Business Administration (SBA) loan program designed to support the growth and success small businesses without predatory lending practices that are rampant in the industry.

    Go SBA Express by Radix is a fast-track lending program that matches small business owners with a loan that fits their unique needs in as little as two weeks. The loan program is tailored to help business owners overcome many of the challenges they face accessing capital today, such as high interest rates, high credit score qualifications, and a slow, complex lending landscape crowded with predatory programs. Go SBA Express by Radix offers business owners accessible financing, competitive terms and flexible repayment options with an unmatched SBA lending experience.

    “Our mission at Radix has always been to help small businesses access the capital they need to thrive,” said Abe Treiger, owner and founder of Radix Financial Group. “With Go SBA Express, we are building on our mission and providing even more opportunities for businesses to secure capital when they need it.”

    Key features of Go SBA Express by Radix include:

    • Working capital in two weeks
    • Secure, confidential process
    • Simple, three-step application
    • 10-year term on loans
    • Monthly payments
    • Financing to borrowers with a personal credit score of 660+
    • Lending options for businesses showing significant losses

    Radix Financial Group, a family-owned firm with more than a decade of SBA lending experience and over $600 million in secured funding, will oversee the Go SBA Express loan program. The firm will bring the first-class services and solutions it is known for to small businesses seeking funds.

    “Our team of loan experts is ready to help business owners navigate this complicated environment, so they don’t have to finance their dreams with high-interest loans, cash advances, or predatory tactics,” Treiger said. “There is a need for a solution like this and we are thrilled to bring Go SBA Express to market.”

    For more information about Go SBA Express by Radix, please visit: GoSBAExpress.com

    About Radix Financial Group

    Radix Financial Group is a family-run financial services firm with more than a decade of SBA lending experience and over $600 million in secured funding. Radix has a stellar 4.9-star Google Business rating and a proven record of closing 3,000+ SBA loans in the last 10 years. The company continues to be a trusted leader to small businesses nationwide and maintains its commitment to delivering personalized services that match businesses with loan programs likely to fund their business, avoiding wasted time and high-interest solutions. Learn how Radix and GoSBAExpress help small businesses expand and thrive.

    Media Contact
    Madison Thomas
    CSG for Go SBA Express by Radix Financial
    Radix@wearecsg.com

    The MIL Network –

  • MIL-OSI: SUNation Energy Announces $20 Million Registered Direct Offering Priced at the Market Under Nasdaq Rules

    Source: GlobeNewswire (MIL-OSI)

    RONKONKOMA, N.Y., Feb. 27, 2025 (GLOBE NEWSWIRE) — SUNation Energy, Inc. (Nasdaq: SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 17,391,306 shares of the Company’s common stock (or common stock equivalents in lieu thereof) Series A warrants to purchase up to an aggregate 17,391,306 shares of the Company’s common stock and Series B warrants to purchase up to an aggregate 17,391,306 shares of the Company’s common stock at an effective purchase price of $1.15 per share (or common stock equivalents in lieu thereof) and associated warrants in a registered direct offering priced at-the-market under Nasdaq rules.

    Roth Capital Partners, LLC is acting as the exclusive placement agent for the registered direct offering.

    This registered direct offering will close in two parts. The first closing of the registered direct offering is expected to occur on or about February 27, 2025, subject to the satisfaction of customary closing conditions and the second closing of the registered direct offering is expected to occur upon the satisfaction of customary closing conditions, including receipt of approval by the Company’s stockholders in a specially called stockholder meeting to approve the issuance of the series A common stock warrants, series B common stock warrants and the shares of common stock underlying such warrants, in addition to other matters. The gross proceeds from the Offering are expected to be approximately $20 million before deducting placement agent fees and other offering expenses payable by the Company. This includes proceeds of approximately $15 million from the initial closing for 13,043,480 shares of common stock (or common stock equivalents) and proceeds of up to $5 million from the second closing for 4,347,826 shares of Common Stock (or common stock equivalents), Series A warrants to purchase up to 17,391,306 shares of common stock and for Series B warrants to purchase up to 17,391,306 shares of common stock.

    The Company intends to use the net proceeds from this offering to fund its operations, including for working capital, potential strategic transactions, payment of certain debt obligations and for other general corporate purposes. 

    The Series A warrants will have an exercise price of $1.725 per share subject to standard adjustments for dividends, splits and similar events; a one-time adjustment on the date of issuance (as described in the warrants), subject to a floor price described therein; and also subject to adjustment upon a Dilutive Issuance (as described in the warrants), subject to a floor price described therein. The Series A warrants will be issued at the second closing and will be exercisable immediately after issuance and have a term of exercise equal to 5 years from the date of issuance.

    The Series B warrants will have an exercise price of $2.875 per share subject to standard adjustments for dividends, splits and similar events; a one-time adjustment on the date of issuance (as described in the warrants), subject to a floor price described therein; and also subject to adjustment upon a Dilutive Issuance (as described in the warrants), subject to a floor price described therein. The Series B warrants will be issued at the second closing and will be exercisable immediately after issuance and have a term of exercise equal to 5 years from the date of issuance. The Series B warrants may also be exercised on an alternative cashless basis pursuant to which the holder may exchange each warrant for 3 shares of common stock.

    The securities in the offering described above are being offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-267066) previously filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on September 2, 2022. The offering is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement, relating to the offering that will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting Roth Capital Partners, LLC at 888 San Clemente Drive, Newport Beach CA 92660, by email at rothecm@roth.com.

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

    About SUNation Energy, Inc.

    SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.

    Forward Looking Statements 

    This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. While the Company believes its plans, intentions, and expectations reflected in those forward-looking statements are reasonable, these plans, intentions, or expectations may not be achieved. For information about the factors that could cause such differences, please refer to the Company’s filings with the Securities and Exchange Commission, including, without limitation, the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and in subsequent filings. The Company does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

    Safe Harbor Statement

    Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at www.sec.gov.

    Contacts:

    Scott Maskin
    Chief Executive Officer
    +1 (631) 823-7131
    smaskin@sunation.com

    SUNation Energy Investor Relations
    +1 (212) 836-9600
    IR@sunation.com

    The MIL Network –

  • MIL-OSI: Prairie Provident Announces Spud of Basal Quartz Horizontal Well

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the spud of the Basal Quartz horizontal well 100/14-32-29-18W4. Drilling operations are expected to take eight days to complete, after which the well will be fracture stimulated and brought on-stream. This is the Company’s third Basal Quartz well following the successful drilling and completion of 102/03-19-030-18W4 and 100/15-32-029-18W4 in the fourth quarter of 2024.

    ABOUT PRAIRIE PROVIDENT

    Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta.

    For further information, please contact:

    Dale Miller, Executive Chairman
    Phone: (403) 292-8150
    Email:  info@ppr.ca

    Forward-Looking Information

    This news release contains certain statements (“forward-looking statements”) that constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future performance, events or circumstances, are based upon internal assumptions, plans, intentions, expectations and beliefs, and are subject to risks and uncertainties that may cause actual results or events to differ materially from those indicated or suggested therein. All statements other than statements of current or historical fact constitute forward-looking statements. Forward-looking statements are typically, but not always, identified by words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “budget”, “forecast”, “target”, “estimate”, “propose”, “potential”, “project”, “seek”, “continue”, “may”, “will”, “should” or similar words suggesting future outcomes or events or statements regarding an outlook.

    Without limiting the foregoing, this news release contains forward-looking statements pertaining to: the anticipated drilling time of the Company’s Basal Quartz well and the well being successfully fractured and brought on-stream.

    Forward-looking statements are based on a number of material factors, expectations or assumptions of Prairie Provident which have been used to develop such statements, but which may prove to be incorrect. Although the Company believes that the expectations and assumptions reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements, which are inherently uncertain and depend upon the accuracy of such expectations and assumptions. Prairie Provident can give no assurance that the forward-looking statements contained herein will prove to be correct or that the expectations and assumptions upon which they are based will occur or be realized. Actual results or events will differ, and the differences may be material and adverse to the Company. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: results from drilling and development activities; consistency with past operations; the quality of the reservoirs in which Prairie Provident operates and continued performance from existing wells (including with respect to production profile, decline rate and product type mix); the continued and timely development of infrastructure in areas of new production; the accuracy of the estimates of Prairie Provident’s reserves volumes; future commodity prices; future operating and other costs; future USD/CAD exchange rates; future interest rates; continued availability of external financing and internally generated cash flow to fund Prairie Provident’s current and future plans and expenditures, with external financing on acceptable terms; the impact of competition; the general stability of the economic and political environment in which Prairie Provident operates; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of Prairie Provident to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of the operator of the projects in which Prairie Provident has an interest in to operate the field in a safe, efficient and effective manner; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration; the timing and cost of pipeline, storage and facility construction and expansion and the ability of Prairie Provident to secure adequate product transportation; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Prairie Provident operates; and the ability of Prairie Provident to successfully market its oil and natural gas production.

    The forward-looking statements included in this news release are not guarantees of future performance or promises of future outcomes and should not be relied upon. Such statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward- looking statements including, without limitation: reduced access to external debt financing; higher interest costs or other restrictive terms of debt financing; changes in realized commodity prices; changes in the demand for or supply of Prairie Provident’s products; the early stage of development of some of the evaluated areas and zones; the potential for variation in the quality of the geologic formations targeted by Prairie Provident’s operations; unanticipated operating results or production declines; changes in tax or environmental laws, royalty rates or other regulatory matters; the imposition of any tariffs or other restrictive trade measures or countermeasures affecting trade between Canada and the United States; changes in development plans of Prairie Provident or by third party operators; increased debt levels or debt service requirements; inaccurate estimation of Prairie Provident’s oil and reserves volumes; limited, unfavourable or a lack of access to capital markets; increased costs; a lack of adequate insurance coverage; the impact of competitors; and such other risks as may be detailed from time-to-time in Prairie Provident’s public disclosure documents (including, without limitation, those risks identified in this news release and Prairie Provident’s current Annual Information Form dated April 1, 2024 as filed with Canadian securities regulators and available from the SEDAR+ website (www.sedarplus.ca) under Prairie Provident’s issuer profile).

    The forward-looking statements contained in this news release speak only as of the date of this news release, and Prairie Provident assumes no obligation to publicly update or revise them to reflect new events or circumstances, or otherwise, except as may be required pursuant to applicable laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

    The MIL Network –

  • MIL-OSI: Allied Energy Corporation Outlook: Strong Growth and Strategic Developments

    Source: GlobeNewswire (MIL-OSI)

    Key Points:

    Expansion & Optimization of Production Capacity

    • Thiel Site Expansion: Increasing power generation capacity to 3.5 MW by Q3 2025, leveraging Texas’ competitive electricity rates (8.73¢ per kWh) for enhanced profitability.
    • Gilmer Lease Enhancements: Upgrading 116 pump jacks to smaller, energy-efficient units, reducing costs and unlocking production potential from Caddo & Strawn formations.
    • SWD & Natural Gas Expansion: Advancing new Saltwater Disposal (SWD) lease negotiations and actively exploring natural gas reserves for long-term sustainability.

    Strategic Partnerships & Portfolio Growth

    • Green Lease Collaboration: Working with Petroloro, LLC and ORO Energy, LLC, with key strategic plans expected by Q2 2025.
    • Enerhash & Sloan Project: Overcoming 2024 operational delays, with anticipated returns in Q2 2025.
    • Prometheus Development: Strengthening ties with Miller ESP to support drilling and operational advancements.

    Strategic Realignments & Focus on High-Value Ventures

    • Exit from Energix Partnership: Decision driven by missed milestones, allowing a shift toward more lucrative opportunities.
    • Diversified Growth Strategy: Ensuring a robust energy portfolio through operational efficiency, resource expansion, and financial discipline.

    CARROLLTON, Texas, Feb. 27, 2025 (GLOBE NEWSWIRE) — Allied Energy Corporation (OTC: AGYP) is excited to announce significant strides in our ongoing projects and production capacity expansion, reinforcing our optimistic outlook for the company’s future. With the momentum of these developments, the company is well-positioned for substantial growth in the coming months.

    Production Buildout at Thiel Site: A Game-Changer for Capacity Growth

    At our Thiel site, we are making significant strides in expanding operational capacity by constructing and installing two 1.25 MW generators. The new production pad has already been successfully laid, and noise abatement testing is scheduled shortly.

    Once the first two generators are running at full capacity, we plan to add a third unit, increasing the site’s total capacity to an impressive 3 to 3.5 MW by the end of Q3 2025. This expansion strategically positions Allied Energy to capitalize on Texas’ booming energy sector, where industrial power consumption is projected to grow significantly in the coming years.

    Market Potential & Financial Impact

    • Dominance in Energy Production: Texas leads the nation in energy production, contributing significantly to U.S. crude oil and natural gas outputs. source: eia.gov
    • Competitive Electricity Rates: With commercial electricity rates in Texas averaging 8.73¢ per kWh, our scalable operations can take advantage of low-cost power, maximizing margins. source: chooseenergy.com
    • Projected Revenue Growth: At full capacity (approximately 3.5 MW), the Thiel site could generate significant revenues, depending on operational efficiency and market conditions.

    “By strengthening our infrastructure now, we are ensuring long-term scalability, improved financial performance, and the ability to compete with industry leaders in power generation and energy solutions. The Thiel is a key site in our portfolio, and we are very pleased with the progress. We expect to see strong returns from these investments, and the addition of the third genset will significantly enhance our operational capabilities,” said George Monteith, CEO of Allied Energy Corporation.

    Strategic Development at Gilmer Lease

    At our Gilmer lease, Allied Energy continues to optimize operations with the replacement of 116 pump jacks with smaller, more efficient units. We have also placed a packer in the well to cut off Mississippi water, enabling production from the Caddo and possibly the Strawn formations. One well is currently being converted, and depending on its performance, we plan to convert two additional wells in Q3 and Q4.

    Strategic Development at Gilmer Lease: Enhancing Efficiency & Maximizing Production

    At our Gilmer lease, Allied Energy continues to optimize operations by replacing 116 pump jacks with smaller, more efficient units. This upgrade reduces maintenance costs, energy consumption, and mechanical failures, ensuring greater long-term operational efficiency.

    Additionally, we have strategically placed a packer in the well to cut off Mississippi water intrusion, allowing uninterrupted production from the Caddo formation and potentially unlocking reserves from the Strawn formation. Currently, one well is undergoing conversion, and based on its performance, we plan to convert two additional wells in Q3 and Q4.

    Advantages of These Operational Activities

    • Improved Efficiency & Cost Reduction: Smaller, modern pump jacks consume up to 30% less energy than traditional units, lowering operating costs while maintaining steady production. (source: API)
    • Maximizing Reserve Potential: Unlocking secondary formations like Strawn could increase overall recoverable reserves, extending the well’s productive lifespan.
    • Environmental & Regulatory Benefits: Optimizing operations aligns with state and federal efficiency standards, reducing environmental impact and ensuring compliance with industry best practices. (source: EIA)

    “These strategic enhancements position Allied Energy for sustained growth, ensuring higher production efficiency, lower costs, and maximized asset value. We’re committed to ensuring that each well reaches its full potential. Our team is working diligently to implement improvements that will help us achieve optimal production from these properties,” said Monteith.

    Green Lease: Collaborating for Future Developments

    Allied Energy is in ongoing discussions with partners Petroloro, LLC and ORO Energy, LLC to determine future developments at our Green Lease. We are currently awaiting an outline of activities from ORO Energy, LLC and plan to finalize our strategic plans for this lease in Q2 2025. These discussions represent an exciting avenue for growth and diversification of our portfolio.

    Prometheus: Focused on Future SWD Development

    We are actively negotiating a new SWD lease and exploring potential new locations for drilling. In addition, our partnership with Miller ESP is evolving as we assess future development opportunities. We remain focused on ensuring long-term sustainability and profitability through strategic planning in the SWD space.

    Ongoing Research and Natural Gas Expansion

    Our research into future natural gas resources and the identification of expansion opportunities continues to move forward. We are exploring new locations to broaden our operations and strengthen our presence in areas that complement our existing project sites. These initiatives will further enhance Allied Energy’s ability to meet growing demand while maximizing shareholder value.

    Enerhash and Sloan Project: Continues to evolve in 2025

    Our successful stewardship of the Enerhash and Sloan projects will continue to pay dividends through 2025. However, we were advised in November 2024 that operational issues have caused delays in their scheduled payment. Despite this, Allied Energy anticipates returns from this venture in Q2 of 2025.

    Strategic Decision: Parting Ways with Energix for the Time Being

    After careful consideration, Allied Energy has made the strategic decision to cut ties with Energix for the time being due to missed critical, time-sensitive milestones. As more lucrative opportunities have emerged, we believe it is in the best interest of the company to focus our resources on these ventures. However, we remain open to the possibility of reigniting a relationship with Energix in the future should the opportunity align with our long-term goals.

    “We are constantly seeking the best opportunities to maximize value for our shareholders. While we have decided to part ways with Energix for now, we look forward to exploring future collaborations when the time is right,” said Monteith.

    Allied Energy Corporation is well-positioned for growth in 2025 and beyond, with a clear focus on increasing capacity, enhancing production, and making strategic partnerships. We remain committed to delivering value to our shareholders and continuing to build a diversified and robust energy portfolio.

    About AGYP:

    Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing ‘existing’ oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America (“IPAA”) – “With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America’s true strategic petroleum reserve.”

    Safe Harbor Statement:

    This press release may contain certain forward-looking statements that are within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.

    Contact:

    Allied Energy Corporation
    Phone: 972-632-2393
    Email: info@alliedengycorp.com
    Twitter: https://twitter.com/AlliedEnergyCo1

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2612d1fd-1f10-4e95-91f3-d9fa7cca0e78

    The MIL Network –

  • MIL-OSI: HashPower Secures Up To $50M Investment MOU in Consensus HK

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Feb. 27, 2025 (GLOBE NEWSWIRE) — HashPower is excited to announce the signing of a Memorandum of Understanding (MOU) securing up to $50 million in investment for $HPX During a Successful AI & DePIN Powerhouse Event in Consensus HK by HashPower and DePIN X, marking a significant step toward the expansion of AI, DePIN, and decentralized infrastructure innovation.

    This announcement follows the resounding success of AI & DePIN Powerhouse, a premier Web3 event that gathered over 2,000 attendees, including top founders, investors, and industry experts. The event featured thought-provoking panels, networking opportunities, and insightful keynotes, and a firechat with Invest HK on the future of decentralized AI and infrastructure.

    This strategic MOU established with Aethir, Network3, Multiple Network, XPIN Network, Planck Network, DMC AI, and Inferix, aims to foster ecosystem growth, technological advancements, and industry-wide collaboration. Through targeted investments, resource sharing, and joint research initiatives, this partnership will drive sustainable development across AI-powered decentralized infrastructure.

    A Huge Thank You to Our Sponsors and partners
    The success of AI & DePIN Powerhouse would not have been possible without the generous support of our Diamond sponsors and partners: Gaianet、DMC.AI、Wearfit、BIT、Likwid.fi、IO.net，IoTeX，Filecoin，elizaOS，Amber Group，Fenbushi Capital，Nubila，Cyberport，FBG capital. This elite gathering discussed the new cycle of crypto mining, AI, DePIN (decentralized hardware infrastructure) and RWA (real assets on the chain)

    Network3: Network3 is a revolutionary technology that builds a decentralized Edge AI infrastructure, helping AI developers worldwide inference, train, or validate models quickly, conveniently, and efficiently. Network3 has surpassed 630K+ global active nodes, onlined 9,500+ mining machines, raised $5.5M in pre-seed and seed rounds, and $N3 was listed on Bybit, Gate, and BingX on January 22, 2025

    Autonomys: Autonomys is a verticalized decentralized AI (deAI) stack encompassing high-throughput permanent distributed storage, data availability / access layer, scalable distributed compute, and a modular execution layer. Our deAI ecosystem provides all the essential components to build and deploy super dApps (AI-powered dApps) and on-chain agents, equipping them with advanced AI capabilities for dynamic and autonomous functionality.

    About HashPower
    HashPower is revolutionizing the mining industry by bringing traditional operations on-chain. With a globally distributed infrastructure and a commitment to transparency, HashPower makes mining accessible and rewarding for everyone. Learn more at https://www.hashpowerx.com/.

    About DePIN X
    DePINX is a leading mining operator and investment institution in the field of AI and DePIN, with 7 years of rich experience in DePIN mining. The company manages a $50 million mining fund and operates H100 and H200 GPU clusters worth more than $100 million. We maintain in-depth cooperation with top venture capital institutions and mainstream exchanges such as Hashkey, Fenbushi Capital, and Waterdrip Capital, and jointly launched the “Super Node Program”. DePINX is committed to providing comprehensive mining design, technical support and one-stop solutions for AI and DePIN projects, helping projects grow rapidly and promoting long-term sustainable development and ecological win-win. Please follow us on Twitter for the latest updates: https://x.com/depin_x

    HashPower
    Brian
    brian.lam@hashpowerx.com

    DePINX
    Cindy
    cindyyu@depinxcapital.com

    Disclaimer: This press release is provided by HashPower. 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.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ed4f54d9-e188-4dd1-bb2e-2e77068c75c2

    https://www.globenewswire.com/NewsRoom/AttachmentNg/54ffa0e8-32f6-4049-9e80-a3954cf4aa9d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/03bcda0b-bb49-4acf-b6f0-a4bf9d87f066

    The MIL Network –

  • MIL-OSI Global: Managers can help their Gen Z employees unlock the power of meaningful work − here’s how

    Source: The Conversation – USA – By Kelly Kennedy, Director of Transformative Learning, University of Connecticut

    Finding fulfilling and motivating work is a challenge for many people, but it can be especially difficult for those just starting their careers. And as Generation Z professionals – those born between 1997 and 2012 – increasingly seek personalized career paths, managers are tasked with helping employees find meaning in their roles while also meeting organizational goals.

    Some managers may view Gen Z’s desire for meaningful work as a form of entitlement, but dismissing it can be costly. Research shows that employees who find their work meaningful experience greater job satisfaction, which directly boosts productivity. Meanwhile, ignoring this need can lead to higher employee turnover and “quiet quitting.” In short, helping younger employees find meaning on the job isn’t just good for them – it’s a smart business strategy.

    As business professors who study meaningful work, we wanted to understand how managers can help younger staff thrive. So, together with leadership consultant Shanna Hocking, we asked a range of Gen Z professionals about their workplace experiences. Through these conversations, we identified three crucial factors that can help managers unlock meaning for early career professionals: self-knowledge, adding value and relationships.

    By addressing these areas, managers can foster a supportive environment where Gen Z professionals thrive.

    The 3 keys to meaningful work

    Self-knowledge is about understanding who you are and what you value, and recognizing your strengths and weaknesses. Research shows self-awareness can be a powerful tool for creating a productive and engaged workforce.

    To help Gen Z employees develop self-knowledge, encourage them to reflect on what energizes and interests them. To get the ball rolling, you can ask them to think about their college experiences, internships and important personal milestones. These reflections can help them uncover patterns in what they enjoy and what drives their motivation.

    Additionally, many Gen Z professionals seek roles that align with their values. It’s common for them to focus on developing a sense of purpose that extends beyond a specific job title.

    The U.S. workforce now has more people who were born after 1997 than those born between 1946 and 1964.

    For example, one young employee we interviewed, who works in fashion merchandising, told us, “I will make things beautiful and that will be my life.” This is a flexible sense of purpose – one that isn’t tied to any particular job, but rather to a bigger vision of impact. A smart manager will connect day-to-day tasks to employees’ larger goals, helping them see how their contributions fit into the bigger picture.

    Adding value at work comes down to two key things: feeling recognized and knowing one’s contributions make a difference. Our study found that adding value and feeling valued play a crucial role in shaping workplace meaning. For example, when asked what makes work meaningful, a Gen Z worker said, “being part of a team where you are able to contribute and directly see the impact of your work, regardless of the level you are at.”

    So, how do you make Gen Z employees feel recognized? It can be as simple as giving praise or as big as offering a raise. But for many young professionals, meaningful work goes beyond just perks – it’s about feeling like their efforts contribute to a larger goal and make a positive impact on society.

    Finally, how people get work done in the office is often tied to the relationships they have.

    Previous research has shown that Gen Z professionals are more likely to thrive in work environments that prioritize diversity and inclusion and encourage positive relationships between colleagues. Our conversations with Gen Z workers backed that up: They told us they valued quality relationships, collaboration, and support from managers and colleagues.

    Managers can foster this type of environment by encouraging team members to meaningfully connect. As a Gen Z private equity analyst shared with us, “When you work such long hours, it’s nice knowing there’s others in the trenches with you.”

    Building strong relationships with direct reports is also important. Gen Z professionals value being mentored by their managers and receiving regular feedback and honest communication. Research has shown connection at work is powerful for creating a meaningful environment of trust for employees of all ages.

    We also found that Gen Z appreciates being able to take risks – and potentially fail – in a safe space. That’s why mentorship programs can be impactful; they help young professionals develop skills, build confidence and find meaning in their work by providing a safe space for learning and growth.

    3 questions to unlock the power of meaningful work

    Reflection and coaching are powerful tools that help early career employees develop self-awareness, add value and build strong relationships. This work may seem daunting at first, but it’s easy to incorporate into the regular conversations you’re already having as a manager. To bring out the best in your Gen Z employees, start by asking three simple questions during your next one-on-one meeting.

    1. When have you felt most energized at work?

    Asking this question can help early career employees gain a deeper understanding of what motivates them. By identifying key moments, both you and the employee can gain valuable insight into their priorities and interests. Pay close attention to the specific aspects of their work that spark enthusiasm, and observe nonverbal cues such as body language and facial expressions – they can reveal just as much as words about what truly excites them.

    Make it a dialogue by sharing what you’ve noticed about the employee’s interests and discussing ways to tap into their motivations. Then, encourage the employee to find tasks and projects that align with their interests and bring them to the next one-on-one to discuss. From there, when assigning new tasks, be sure to highlight how the work connects to the employee’s interests and the organization’s larger goals.

    2. Where do you feel you contribute the most?

    This question helps early career employees recognize their strengths, allowing them to contribute more effectively and feel like a valued part of the team. As they respond, look for recurring themes in how they approach their work and the quality of their output.

    Help employees see the bigger picture by connecting their efforts to departmental objectives and the company’s overall mission. Highlight how their skills and contributions make a difference – not just in their own work but in supporting their colleagues and driving team success. And be on the lookout for opportunities to genuinely acknowledge their contributions in real time, as well as during performance reviews.

    3. Whom in the company do you want to learn from or work more closely with?

    Bringing up an employee’s work relationships in a one-on-one meeting might seem unconventional, but it’s a valuable opportunity to guide them in building strong partnerships. Plus, showing genuine interest in their connections reinforces your own relationship with them.

    As you discuss their workplace interactions, pay attention to whom they mention and why. Their responses can offer valuable insights into their career aspirations, potential collaboration opportunities and the relationships they find most meaningful.

    Also, remember: You don’t have to have all the answers. If a Gen Z employee comes to you with a question, use it as a chance to connect them with other team members or subject-matter experts. Encouraging them to seek out knowledge from others not only strengthens their network but also fosters a culture of continuous learning and collaboration.

    As Gen Z professionals seek more personalized and fulfilling career paths, managers play a critical role in supporting them. Helping early career team members reach their professional goals will, in turn, help organizations reach their own goals. So if you’re a manager, asking these three simple questions during one-on-one meetings can lead to happier, more motivated workers and a more productive and stable organization.

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

    – ref. Managers can help their Gen Z employees unlock the power of meaningful work − here’s how – https://theconversation.com/managers-can-help-their-gen-z-employees-unlock-the-power-of-meaningful-work-heres-how-248993

    MIL OSI – Global Reports –

  • MIL-OSI Global: Identifying brands as Black-owned can pay off for businesses

    Source: The Conversation – USA – By Oren Reshef, Assistant Professor of Strategy and Entrepreneurship, Washington University in St. Louis

    Labeling businesses as Black-owned can significantly boost their sales, we found in a recent study.

    In June 2020, the business-review website Yelp introduced a feature allowing consumers to search for Black-owned restaurants. As professors who study digitization, inequality and the economics of technology, we were interested in understanding its effect. So we analyzed more than two years of data from Yelp.

    We found that restaurants labeled as Black-owned saw a 65% increase in online traffic, more searches and calls, and higher sales through food orders and in-person visits. These results suggest that for many Black-owned businesses, a simple change in their visibility can create new opportunities for growth.

    However, the impact varied by location. The gains were strongest in politically liberal areas and places with lower levels of implicit racial bias, as measured by regional variation in implicit-association test scores. This suggests that platforms are in part channeling, as opposed to creating, customer demand. Interestingly, white customers drove most of the increase, suggesting the label helped raise awareness of businesses they might not have considered before.

    This wasn’t just a 2020 trend – in follow-up analyses, we found similar results among businesses that opted into the feature later. We also collaborated with the online furniture company Wayfair, which launched a “Black Maker” label on its site in 2023, and found that it led to a 57% increase in web traffic. Finally, Yelp rolled out a Latino-owned label on the platform late that year, which led to a similar increase in consumer engagement.

    Why it matters

    This research has implications for business owners, digital platforms and policymakers. Growing awareness of racial inequality – partially driven by the Black Lives Matter movement, especially after the murder of George Floyd in 2020 — has led to increased corporate and customer interest in supporting minority-owned businesses. It also led many companies to make commitments to promote racial equity.

    However, more recently, many companies have dismantled these efforts. For instance, Target recently announced that it was eliminating its program to spotlight Black-owned businesses. Our findings suggest that increasing the visibility of minority ownership – a relatively low-cost change – can substantially improve economic outcomes for Black-owned businesses.

    Our results also show that diversity initiatives aren’t just about warm and fuzzy feelings. Businesses should measure and evaluate their impact to ensure their programs are effective. A well-designed program can benefit the bottom line, while a poorly designed one risks being ineffective or even counterproductive.

    So it’s important to acknowledge the potential risks. Past research, including some of our own, indicates that revealing racial identity sometimes can lead to discrimination or backlash. While our findings suggest that labeling can have positive effects, a poorly implemented policy can backfire. Yelp’s initiative design empowered users looking to support Black-owned businesses while allowing other users to continue searching in alternative ways.

    That means policy design is crucial. What matters isn’t just what information is revealed, but also how it’s communicated. Our analysis shows that customer demand and preferences vary considerably across locations and demographics, meaning that context also matters.

    What still isn’t known

    While our research suggests that businesses experienced economic benefits from adopting the label, it’s crucial to understand which policy designs work best in the long run. For instance, Yelp’s program used an opt-in feature, which may have contributed to its success.

    However, open questions remain. How are platforms affected by labeling businesses? What other types of labels might be impactful, and for which types of businesses? Could some interventions backfire?

    Another key question is, which customers respond to racial identity disclosures? Recent advances in data analytics can help companies refine their strategies, making it easier to target the right consumer groups for more effective initiatives.

    Ultimately, our study is a step toward understanding how transparency and visibility can shape economic outcomes. It highlights a diversity initiative that has benefited both customers and businesses, and provides a road map for companies that want to design initiatives that matter. And, more broadly, it speaks to a question facing all companies: How can companies better understand and shape their societal footprint?

    In the past, Oren Reshef has worked as an Economics Research Intern at Yelp. The company did not intervene in the analysis or the publication process of this article.

    Michael Luca has done consulting for tech companies including Yelp.

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

    – ref. Identifying brands as Black-owned can pay off for businesses – https://theconversation.com/identifying-brands-as-black-owned-can-pay-off-for-businesses-250129

    MIL OSI – Global Reports –

  • MIL-OSI Global: Israel’s bombing of Gaza caused untold environmental damage − recovery will take effort and time

    Source: The Conversation – USA – By Lesley Joseph, Research Assistant Professor of Environmental Engineering, University of South Carolina

    Vast areas in Gaza have been reduced to rubble. Majdi Fathi/NurPhoto via Getty Images

    The war in Gaza has come with an awful cost. Tens of thousands of Palestinian civilians have been killed, and thousands more are missing. And while a temporary ceasefire has allowed for increased aid delivery, easing the plight of those facing disease and hunger, experts predict malnutrition and health issues to persist for months or even years.

    Much of the territory’s infrastructure – its schools, hospitals and homes – has been damaged or destroyed. And yet, the tremendous human and societal loss has been augmented by a lesser reported but potentially catastrophic, consequence: environmental devastation.

    In June 2024, the United Nations Environment Programme conducted an environmental impact assessment to evaluate the damage resulting from Israeli military actions in Gaza. It found “unprecedented levels of destruction” from the intensive bombing campaign, along with the complete collapse of water and solid waste systems, and widespread contamination of the soil, water and air. And that was before another six months of bombing caused further damage to Gaza.

    As a scholar of environmental justice, I have thought carefully about the impact that a lack of clean water, access to sanitation facilities, and the absence of basic infrastructure can have on a community, particularly vulnerable and marginalized populations. The current pause in fighting is providing respite for the 2.2 million people in Gaza who have endured more than a year of war. It also provides an opportunity to evaluate the environmental damage to the densely populated enclave in three crucial areas: the water, sanitation and hygiene sector, or WASH; air quality; and waste management.

    Here is what we know so far:

    WASH sector

    According to an interim damage assessment released by the World Bank, U.N. and E.U. in March 2024, an estimated US$502.7 million of damage was inflicted on the WASH sector in Gaza in the initial months of bombing, including damage to approximately 57% of the water infrastructure.

    The United Nations reported that water desalination plants in Gaza, 162 water wells and two of the three water connections with Israel’s national water provider had been severely damaged.

    As a result, the amount of available water in Gaza was at that point reduced to roughly 2-8 liters per person per day – below the World Health Organization emergency daily minimum of 15 liters and far below its standard recommendation of 50-100 liters per day.

    In November 2024, meanwhile, the charity Oxfam reported that all five wastewater treatment plants in Gaza had been forced to shut down, along with the majority of its 65 wastewater pumping stations. This resulted in ongoing discharges of raw, untreated sewage into the environment. As of June 2024, an estimated 15.8 million gallons of wastewater has been discharged into the environment in and around Gaza, according to the U.N. environmental report.

    Meanwhile, sanitation facilities for Palestinians in Gaza are practically nonexistent. Reporting from U.N. Women states that people in Gaza routinely walk long distances and then wait for hours just to use a toilet, and due to the lack of water, these toilets cannot be flushed or cleaned.

    Air quality

    The air quality in Gaza has been drastically impacted by this war. NASA satellite imagery from the first few months of the war found that approximately 165 fires were recorded in Gaza from October 2023 to January 2024.

    With a shortage of electricity, residents have been forced to burn various materials, including plastics and household waste, for cooking and heating. And this has contributed to a dangerous decline in air quality.

    Meanwhile, large amounts of dust, debris and chemical releases have been produced from explosions and the destruction of infrastructure, leading to significant air pollution. In February 2024, the U.N. Mine Action Service estimated that, in the first few months of the war alone, more than 25,000 tons of explosives had been used, equivalent to “two nuclear bombs.”

    Waste management

    In the first six months of bombardment, more than 39 million tons of debris were generated, much of it likely to contain harmful contaminants, including asbestos, residue from explosives and toxic medical waste.

    Human remains are also mixed in with this debris, with estimates that over 10,000 bodies remain under the rubble. Moreover, the three main landfills in the Gaza Strip have been closed and are unable to receive waste or conflict-related debris.

    Substantial damage has been done to five out of six solid waste management facilities, and solid waste continues to accumulate at camps and shelters, with an estimate of 1,100 to 1,200 tons being generated daily.

    The charge of ‘ecocide’

    With such environmental destruction, claims of “ecocide” have been made against the Israeli government by international rights groups.

    Although not presently incorporated into the framework of international law, there have been recent efforts for ecocide to be added as a crime under the Rome Statute, the treaty that established the International Criminal Court. Indeed, a panel of experts in 2021 proposed a working definition of ecocide as “unlawful or wanton acts committed with knowledge that there is a substantial likelihood of severe and either widespread or long-term damage to the environment caused by those acts.”

    To date, 15 countries have criminalized ecocide, and Ukraine is investigating Russia for ecocide for its destruction of the Kakhovka Dam in 2023.

    Various organizations, including the Al Mezan Center for Human Rights, the University of California Global Health Institute and the Women’s International League for Peace and Freedom, have stated that the level of environmental devastation in Gaza reaches the proposed legal definition of “ecocide.”

    Although the Israeli government has not responded to these accusations, it has consistently stated that it has a right to defend itself and that it seeks to protect civilians as it conducts its military operations.

    Health impacts of environmental harm

    Regardless of whether the charge of ecocide applies to Israel’s bombardment of Gaza, the environmental impact, the spread of disease, and other harmful health impairments will be felt for years to come.

    The United Nations Relief and Works Agency reported an increase in hepatitis A in the enclave, from 85 cases before the current war to 107,000 cases in October 2024. The WHO has reported 500,000 cases of diarrhea and 100,000 cases of lice and scabies, along with the reemergence of polio.

    Polio virus has been found in wastewater, threatening the lives of Palestinian children in Gaza.
    Dawoud Abo Alkas/Anadolu via Getty Images

    The lack of adequate WASH facilities has also disproportionately affected women and girls by interfering with basic menstrual hygiene, harming their mental and physical health.

    Meanwhile, the increased presence of dangerous air pollutants has led to increases in respiratory issues, including nearly 1 million acute respiratory illnesses. Presently, the most common respiratory ailments in Gaza are asthma, chronic obstructive pulmonary disease, bronchitis, pneumonia and lung cancer.

    Next steps

    As a licensed environmental engineer, I have never seen the scale of environmental destruction that has occurred in Gaza.

    While the situation is unprecedented, there are concrete steps that the international community can take to help Gaza’s environment recover. The three-stage ceasefire agreement between Israel and Hamas, which went into effect on Jan. 19, 2025, is a promising first step. This agreement has allowed some Israeli hostages to be released and Palestinian detainees to return to their homes. It also allows for more humanitarian aid to enter Gaza to deal with the current food crisis and health emergency.

    Nevertheless, there are significant challenges ahead for the people of Gaza. First, the ceasefire agreement will need to hold – and already there are signs of difficulty in implementing the agreement in full. Should fighting resume, that will close or delay the opportunity for engineers and surveyors to perform detailed, comprehensive field assessments.

    Meanwhile, the need for a post-conflict plan for Gaza has never been starker.

    Recovering from Gaza’s environmental devastation will require Israel and neighboring countries, as well as influential world powers such as the United States and the European Union, to work together to rebuild critical infrastructure, such as water and wastewater treatment plants and solid waste infrastructure. Moreover, to succeed, any long-term plan for the reconstruction of Gaza will need to prioritize the needs and perspectives of Palestinians themselves.

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

    – ref. Israel’s bombing of Gaza caused untold environmental damage − recovery will take effort and time – https://theconversation.com/israels-bombing-of-gaza-caused-untold-environmental-damage-recovery-will-take-effort-and-time-245311

    MIL OSI – Global Reports –

  • MIL-OSI Global: What is a charter school, really? Supreme Court ruling on whether Catholic charter is constitutional will hinge on whether they’re public or private

    Source: The Conversation – USA – By Preston Green III, John and Maria Neag Professor of Urban Education, University of Connecticut

    The court’s ruling could affect more than religion in schools. AP Photo/J. Scott Applewhite

    In April 2025, the Supreme Court will hear arguments about whether the nation’s first religious charter school can open in Oklahoma. The St. Isidore of Seville Catholic Virtual School would be funded by taxpayer money but run by a local archdiocese and diocese.

    The case is often discussed in terms of religion, and a decision in the school’s favor could allow government dollars to directly fund faith-based charter schools nationwide. In part, the justices must decide whether the First Amendment’s prohibition on government establishing religion applies to charter schools. But the answer to that question is part of an even bigger issue: Are charters really public in the first place?

    As two professors who study education law, we believe the Supreme Court’s decision will impact issues of religion and state, but could also ripple beyond – determining what basic rights students and teachers do or don’t have at charter schools.

    Dueling arguments

    In June 2023, the Oklahoma Statewide Virtual Charter School Board approved St. Isidore’s application to open as an online K-12 school. The following year, however, the Oklahoma high court ruled that the proposal was unconstitutional. The justices concluded that charter schools are public under state law, and that the First Amendment’s establishment clause forbids public schools from being religious. The court also found that a religious charter school would violate Oklahoma’s constitution, which specifically forbids public money from benefiting religious organizations.

    The Oklahoma Supreme Court in the Oklahoma State Capitol in Oklahoma City, May 19, 2014.
    AP Photo/Sue Ogrocki, File

    On appeal, the charter school is claiming that charter schools are private, and so the U.S. Constitution’s establishment clause does not apply.

    Moreover, St. Isidore argues that if charter schools are private, the state’s prohibition on religious charters violates the First Amendment’s free exercise clause, which bars the government from limiting “the free exercise” of religion. Previous Supreme Court cases have found that states cannot prevent private religious entities from participating in generally available government programs solely because they are religious.

    In other words, while St. Isidore’s critics argue that opening a religious charter school would violate the First Amendment, its supporters claim the exact opposite: that forbidding religious charter schools would violate the First Amendment.

    Are charters public?

    The question of whether an institution is public or private turns on a legal concept known as the “state action doctrine.” This principle provides that the government must follow the Constitution, while private entities do not have to. For example, unlike students in public schools, students in private schools do not have the constitutional right to due process for suspensions and expulsions – procedures to ensure fairness before taking disciplinary action.

    Charter schools have some characteristics of both public and private institutions. Like traditional public schools, they are government-funded, free and open to all students. However, like private schools, they are free from many laws that apply to public schools, and they are independently run.

    Because of charters’ hybrid nature, courts have had a hard time determining whether they should be considered public for legal purposes. Many charter schools are overseen by private corporations with privately appointed boards, and it is unclear whether these private entities are state actors. Two federal circuit courts have reached different conclusions.

    In Caviness v. Horizon Learning Center, a case from 2010, the 9th Circuit held that an Arizona charter school corporation was not a state actor for employment purposes. Therefore, the board did not have to provide a teacher due process before firing him. The court reasoned that the corporation was a private actor that contracted with the state to provide educational services.

    In contrast, the 4th Circuit ruled in 2022 that a North Carolina charter school board was a state actor under the equal protection clause of the Fourteenth Amendment. In this case, Peltier v. Charter Day School, students challenged the dress code requirement that female students wear skirts because they were considered “fragile vessels.”

    The court first reasoned that the board was a state actor because North Carolina had delegated its constitutional duty to provide education. The court observed that the charter school’s dress code was an inappropriate sex-based classification, and that school officials engaged in harmful gender stereotyping, violating the equal protection clause.

    If the Supreme Court sides with St. Isidore – as many analysts think is likely – then all private charter corporations might be considered nonstate actors for the purposes of religion.

    But the stakes are even greater than that. State action involves more than just religion. Indeed, teachers and students in private schools do not have the constitutional rights related to free speech, search and seizure, due process and equal protection. In other words, if charter schools are not considered “state actors,” charter students and teachers may eventually shed constitutional rights “at the schoolhouse gate.”

    Amtrak: An alternate route?

    People ride an Amtrak Acela train through Pennsylvania, en route from New York City to Washington, in 2022.
    AP Photo/Ted Shaffrey

    When courts have held that charter schools are not public in state law, some legislatures have made changes to categorize them as public. For example, California passed a law to clarify that charter school students have the same due process rights as traditional public school students after a court ruled otherwise.

    Likewise, we believe states looking to clear up charter schools’ ambiguous state actor status under the Constitution can amend their laws. As we explain in a recent legal article, a 1995 Supreme Court case involving Amtrak illustrates how this can be done.

    Lebron v. National Railroad Passenger Corporation arose when Amtrak rejected a billboard ad for being political. The advertiser sued, arguing that the corporation had violated his First Amendment right to free speech. Since private organizations are not required to protect free speech rights, the case hinged on whether Amtrak qualified as a government agency.

    The court ruled in the plaintiff’s favor, reasoning that Amtrak was a government actor because it was created by special law, served important governmental objectives, and its board members were appointed by the government.

    Courts have applied this ruling in other instances. For example, the 10th Circuit Court ruled in 2016 that the National Center for Missing and Exploited Children was a governmental agency and therefore was required to abide by the Fourth Amendment’s protection from unreasonable search and seizure.

    Currently, we believe charter schools fail the test set out in the Amtrak decision. Charter schools do serve the governmental purpose of providing educational choice for students. However, charter school corporations are not created by special law. They also fall short because most have independent boards instead of members who are appointed and removed by government officials.

    However, we would argue that states can amend their laws to comply with Lebron’s standard, ensuring that charter schools are public or state actors for constitutional purposes.

    Preston Green III is affiliated with the National Education Policy Center.

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

    – ref. What is a charter school, really? Supreme Court ruling on whether Catholic charter is constitutional will hinge on whether they’re public or private – https://theconversation.com/what-is-a-charter-school-really-supreme-court-ruling-on-whether-catholic-charter-is-constitutional-will-hinge-on-whether-theyre-public-or-private-249428

    MIL OSI – Global Reports –

  • MIL-OSI USA: Durbin Discusses Illinois’ Leadership In Quantum Computing With IBM

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    February 26, 2025

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL) today met with Dr. Jay Gambetta, Vice President of IBM Quantum, to discuss Illinois’ position as a leader in quantum computing.  During their meeting, Durbin received an update on IBM’s plans to join the Illinois Quantum Microelectronics Park (IQMP) on the South Side of Chicago.  IBM plans to build a commercial quantum computer at the park and train the needed quantum workforce through the National Quantum Algorithms Center. Illinois has invested $500 million to scale-up quantum computing and microelectronics research and development (R&D) by attracting companies, researchers, suppliers, and users to IQMP.  The quantum park is currently anchored by PsiQuantum, with plans for the Defense Advanced Research Project Agency to join the site soon.

    Durbin and Dr. Gambetta also strategized about a path forward for Durbin’s bipartisan Department of Energy (DOE) Quantum Leadership Act.  The legislation, which earned the endorsement of IBM, aims to reinvigorate R&D projects at DOE by authorizing more than $2.5 billion in funding over the next five years— well above the $625 million for DOE-related programs laid out in the now-expired National Quantum Initiative Act of 2018. 

    “Illinois is poised to be a global hub for quantum computing, and it’s critical that we continue to invest in R&D to keep the momentum going,” Durbin said.  “I sat down today with Dr. Jay Gambetta from IBM Quantum to hear about the company’s plans to join the IQMP campus.  We also discussed ways to garner more support for my bipartisan DOE Quantum Leadership Act.  We are on the path to lead the quantum revolution, and I will continue to be a champion for the quantum technology that will advance the medical, financial, and materials industries, among countless others.”

    A photo of the meeting is available here.

    Durbin has been a strong supporter of advancing quantum research.  Last July, he visited MxD in Chicago to discuss integrating quantum technology into manufacturing processes.  He also joined Illinois leaders to announce the new partnership between the Defense Advanced Research Projects Agency (DARPA) and Illinois—Quantum Proving Ground—to promote quantum computing research, development, and manufacturing in the state.  In June 2024, Durbin met with Dr. Stefanie Tompkins, Director of  DARPA, to discuss Illinois’ role in R&D in the defense industry.

    Last summer, Durbin joined Illinois leaders in celebrating the newly-announced location of the Illinois Quantum and Microelectronics Park’s (IQMP) location at USX on the South Side of Chicago and the announcement of the quantum campus’ first anchor tenant, PsiQuantum. Illinois plans to invest $500 million into the new quantum campus to attract Fortune 500 companies and startups in quantum computing.

    -30-

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Pharmacist sentenced for Covid-19 grant fraud

    Source: City of Wolverhampton

    Sundip Gill is a registered pharmacist trading from four separate business premises located in Wolverhampton, including chemist shops named Collateral, Your Pharmacy First, Low Hill Pharmacy, and Fallings Park Pharmacy. He is also a director of 2 pharmaceutical companies, Sync Chem Ltd and Collateral Ltd.

    During the Covid 19 pandemic, the Government introduced grants to assist and support local businesses to continue to trade.

    The City of Wolverhampton Council allocated extra funding through the introduction of its Relight Programme. The grants were designed to support local businesses to improve their premises and increase carbon efficiency, with 2 types of grants available, both intended to support the recovery of the local economy.

    Businesses could apply for both grants and, if they met the qualifying criteria, would be awarded up to £5,000 for each successful application. Applications had to be accompanied by 2 like for like quotations for planned improvement works.

    Gill submitted 8 grant applications to the Relight Programme and could potentially have received a total of £40,000.

    However, the council’s Counter Fraud Team were alerted to discrepancies with the quotations supplied by Gill leading to further checks whereupon it was discovered that Gill had submitted fake quotations in support of his grant applications.

    Following a detailed investigation, Gill was charged with 18 offences of dishonesty and Sync Chem Ltd and Collateral Ltd were charged with 6 offences of dishonesty, all under sections 1, 2 and 7 of the Fraud Act 2006.

    Gill denied the charges but was subsequently found guilty on all counts and, at Dudley Magistrates Court on Friday (21 February, 2025), Gill was sentenced to 20 weeks imprisonment suspended for 12 months, 200 hours unpaid work to be completed within 12 months and ordered to pay £3,000 costs and a £128 victim surcharge. Meanwhile, Sync Chem Ltd was ordered to pay a fine of £12,000, £2,500 costs, and a £190 victim surcharge and Collateral Ltd was ordered to pay a fine of £6,000, £2,500 costs, and £190 victim surcharge.

    During sentencing District Judge Graham Wilkinson told Gill: “You have been convicted for being fully involved in fraud and your attempts to exploit a system to assist legitimate businesses.” He added that Gill had shown “no remorse.”

    Councillor Louise Miles, the council’s Cabinet Member for Resources, said: “The Relight Programme was designed to support local business through, and to recover from, the Covid-19 pandemic, and not to be abused in the way that it was by Sundip Gill.

    “The council has a policy of zero tolerance towards public sector fraud. It is far from a victimless crime, and its impacts ripple through our society, affecting every individual and the services we all rely on, and we will not hesitate to take action in instances like this.”

    MIL OSI United Kingdom –

  • MIL-OSI USA: Gross Domestic Product, 4th Quarter and Year 2024 (Second Estimate)

    Source: US Bureau of Economic Analysis

    Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November, and December), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent.

    The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased. For more information, refer to the “Technical Notes” below.

    Real GDP was revised up by less than 0.1 percentage point from the advance estimate released last month, primarily reflecting upward revisions to government spending and exports that were partly offset by downward revisions to consumer spending and investment.

    Compared to the third quarter, the deceleration in real GDP in the fourth quarter primarily reflected downturns in investment and exports that were partly offset by an acceleration in consumer spending. Imports turned down.

    The price index for gross domestic purchases increased 2.3 percent in the fourth quarter, revised up 0.1 percentage point from the previous estimate. The personal consumption expenditures (PCE) price index increased 2.4 percent, revised up 0.1 percentage point. Excluding food and energy prices, the PCE price index increased 2.7 percent, revised up 0.2 percentage point.

    Real GDP and Related Measures
    (Percent change from Q3 to Q4)
      Advance Estimate Second Estimate
    Real GDP 2.3 2.3
    Current-dollar GDP 4.5 4.8
    Gross domestic purchases price index 2.2 2.3
    PCE price index 2.3 2.4
    PCE price index excluding food and energy 2.5 2.7

    GDP for 2024

    Real GDP increased 2.8 percent in 2024 (from the 2023 annual level to the 2024 annual level), the same as previously estimated. The increase in real GDP in 2024 reflected increases in consumer spending, investment, government spending, and exports. Imports increased.

    The price index for gross domestic purchases increased 2.4 percent in 2024, revised up 0.1 percentage point. The PCE price index increased 2.5 percent, the same as the previous estimate. Excluding food and energy prices, the PCE price index increased 2.8 percent, also the same as the previous estimate.

    Next release: March 27, 2025, at 8:30 a.m. EDT
    Gross Domestic Product (Third Estimate)
    Corporate Profits
    Gross Domestic Product by Industry
    4th Quarter and Year 2024

    For definitions, statistical conventions, updates to GDP, and more, visit “Additional Information.”

    Technical Notes

    Sources of revisions to real GDP in the second estimate

    Real GDP increased at an annual rate of 2.3 percent (0.6 percent at a quarterly rate1), an upward revision of less than 0.1 percentage point from the previous estimate, primarily reflecting upward revisions to government spending and exports that were partly offset by downward revisions to consumer spending and investment. Imports, which are a subtraction in the calculation of GDP, were revised down.

    • The revision to government spending primarily reflected an upward revision to federal government spending (notably, defense consumption expenditures), based on Bureau of Labor Statistics (BLS) employment data.
    • For both exports and imports, the revised estimates primarily reflected updated data from BEA’s International Transactions Accounts as well as new and revised Census Bureau trade in goods data for December. The revision to imports was led by a downward revision to other goods, reflecting a downward revision to the territorial adjustment.2
    • The downward revision to consumer spending reflected a downward revision to goods that was partly offset by an upward revision to services.
      • Within goods, the downward revision was led by other durable goods (notably, jewelry and watches), based on revised Census Bureau Monthly Retail Trade Survey (MRTS) data.
      • Within services, the upward revision was led by recreation services (led by video and audio streaming and rental), based primarily on financial reports for publicly traded companies, and food services, based on revised Census MRTS data.
    • The downward revision to investment reflected a downward revision to nonresidential fixed investment that was partly offset by an upward revision to private inventory investment.
      • Within nonresidential fixed investment, the leading contributor to the downward revision was intellectual property products (led by research and development), based on R&D expenses reported by publicly traded companies.
      • Within private inventory investment, the revision primarily reflected an upward revision to nonfarm inventories (led by merchant wholesale), based primarily on revised Census Bureau book value data.

    More information on the source data and BEA assumptions that underlie the fourth-quarter estimate is shown in the key source data and assumptions table.

    1. Percent changes in quarterly seasonally adjusted series are displayed at annual rates, unless otherwise specified. For more information, refer to the FAQ Why does BEA publish percent changes in quarterly series at annual rates?. 

    2. Consists of transactions between the United States and its territories, Puerto Rico, and the Northern Mariana Islands. The treatment of U.S. territories, Puerto Rico, and the Northern Mariana Islands in the National Income and Product Accounts (NIPAs) differs from that in the International Transactions Accounts (ITAs). In the NIPAs, U.S. territories are included in the rest of the world; in the ITAs, they are treated as part of the United States.

    MIL OSI USA News –

  • MIL-OSI: Infinidat’s James “JT” Lewis Recognized As a 2025 CRN® Channel Leader for EMEA and APAC

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., Feb. 27, 2025 (GLOBE NEWSWIRE) — Infinidat, a leading provider of enterprise storage solutions, today announced that CRN®, a brand of The Channel Company, has named James “JT” Lewis, Infinidat’s Director of Channel Sales for EMEA and APJ, and Regional Sales Director for DACH and France, a 2025 CRN® Channel Leader for EMEA and APAC. This is the second consecutive year that JT Lewis is recognized by CRN as a regional Channel Leader.

    This CRN Channel Leaders list recognizes IT vendor and distribution executives who lead channel strategies for their organizations and drive innovations across channel initiatives in EMEA and APAC. The annual list honors channel leaders who are dedicated to building and evolving strategies that drive success for their channel partners and customers. As a highly respected Infinidat channel sales leader, Lewis strategically sets the channel agenda across the regions.

    “At Infinidat, we empower our channel partners to find and capitalize on new sales opportunities in the enterprise market. A focus on pursuing new customer accounts, embracing the use cases where we excel, and leveraging Infinidat’s award-winning differentiation is key to the growth of our partners’ businesses,” said JT Lewis, who provides channel sales leadership for both EMEA and APJ. “Not only is Infinidat’s Partner Program comprehensive, compelling and competitive, but we hold ourselves to the highest standard to provide unmatched white glove support to our partners. We make it easy to do business with Infinidat, and I predict our partners will increase their revenues in 2025 when they share this focus with us as a trusted partner.”

    Lewis is responsible for all of Infinidat’s sales activities through the channel, leading the way for further strategic growth in both EMEA and APJ. His role was expanded in July 2024 with a promotion because of his success in the channel. In his role as Channel Director, EMEA and APJ, he has been instrumental in successfully growing Infinidat’s business in these regions and increasing channel engagement, building a strong ecosystem of dedicated channel partners. Lewis drove new enhancements to the company’s Partner Program for EMEA and APJ in 2024 to augment the experience that channel partners have with Infinidat. Enhancements included new tiering levels for partners, an enhanced deal registration process, new backend rebates, and redesigned criteria for MDF.

    Lewis, who joined Infinidat in 2022 to head up channel sales for the company in EMEA and APJ, has extensive channel expertise and experience. Prior to Infinidat, he worked for Data Interchange as head of channel sales and was the strategy and growth officer for Altdata Technology Solutions, focusing on the cybersecurity market. He spent 15 years at EMC and RSA, based in London and Frankfurt, where he built up comprehensive experience in the recruitment, enablement, and leadership of channel partners and distributors.

    “The leaders we honor this year reimagine what’s possible in the channel and consistently deliver best-in-class programs that drive results for solution providers across EMEA,” said Victoria Pavlova, Editor, CRN UK, at The Channel Company. “Their ability to forge meaningful partnerships and craft dynamic strategies is transformative for providers and the channel. It’s a privilege to recognize their groundbreaking contributions and celebrate their role in shaping the future of the channel.”

    Recognized for the positive difference that he has made for channel partners since joining Infinidat, Lewis was one of CRN’s Regional Channel Chiefs last year when CRN UK launched their inaugural Regional Channel Chiefs list, which covers EMEA and APAC channel leaders. The 2025 accolade for Lewis expands recognition of him in APAC as well.

    CRN’s 2025 Channel Leaders list is available at CRN UK.

    About The Channel Company
    The Channel Company (TCC) is the global leader in channel growth for the world’s top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit thechannelco.com.

    About Infinidat
    Infinidat provides enterprises and service providers with a platform-native primary and secondary storage architecture that delivers comprehensive data services based on InfiniVerse®. This unique platform delivers outstanding IT operating benefits, support for modern workloads across on-premises and hybrid multi-cloud environments. Infinidat’s cyber resilient-by-design infrastructure, consumption-based performance, 100% availability, and cyber security guaranteed SLAs align with enterprise IT and business priorities. Infinidat’s award-winning platform-native data services and acclaimed white glove service are continuously recommended by customers, as recognized by Gartner® Peer Insights reviews. For more information, visit www.infinidat.com.

    Connect with Infinidat
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    Media Contact
    Infinidat
    Sapna Capoor
    Director of Global Communications
    scapoor@infinidat.com I Mobile: +44 (0) 7789684159

    The MIL Network –

  • MIL-OSI: Fusion Fuel Appoints Luisa Ingargiola to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Feb. 27, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of gas and hydrogen energy solutions, today announced the appointment of Luisa Ingargiola to its Board of Directors, effective February 24, 2025. Ms. Ingargiola will serve as chairperson of the Audit Committee, replacing Rune Magnus Lundetrae, who will remain a member of the Board. She will also serve as a member of the Nominating Committee, Audit Committee, and Compensation Committee. Following Ms. Ingargiola’s appointment, the Board will be comprised of six directors, four of whom have been determined by the Board to be “independent directors” under the Nasdaq Listing Rules.

    Commenting on the appointment, Jeffrey Schwarz, Chairman of Fusion Fuel, said, “Luisa’s extensive experience in public company governance, capital markets, and financial oversight, coupled with her track record of supporting high-growth companies through complex strategic and financial initiatives, make her a tremendous asset to Fusion Fuel. Her expertise will be invaluable as we continue to execute our business strategy and drive long-term value creation. On behalf of my fellow directors, I want to welcome Luisa and look forward to benefiting from her insight and leadership as we build the new Fusion Fuel and position the company for sustainable growth.”

    Ms. Ingargiola currently serves as Chief Financial Officer of Avalon GloboCare Corp. (Nasdaq: ALBT) and as a board director for Vision Marine Technologies, Inc. (Nasdaq: VMAR) and BioCorRx Inc. (OTCQB: BICX), where she also chairs the Audit Committees. Earlier in her career, Ms. Ingargiola was CFO and co-founder of BBHC, Inc., formerly known as MagneGas Corporation. Ms. Ingargiola graduated from Boston University with a bachelor’s degree in Business Administration and a concentration in Finance. She also received a Master of Health Administration from the University of South Florida.

    About Fusion Fuel Green PLC

    Fusion Fuel Green PLC (Nasdaq: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al-Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.

    Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.

    Investor Relations Contact
    ir@fusion-fuel.eu

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –