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Category: Business

  • MIL-OSI Global: Can animals have mental disabilities?

    Source: The Conversation – USA – By Rachel Blaser, Professor of Neuroscience, Cognition and Behavior, University of San Diego

    Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to CuriousKidsUS@theconversation.com.


    Are there any animals with mental disabilities? – Adria G.


    Max was a fun-loving Labrador retriever who enjoyed going for car rides and greeting clients at his owner’s office. But around age 16, Max suddenly started having accidents in the house and stopped sleeping well at night. He became irritable and seemed not to understand the words and commands he had long known.

    Max was showing symptoms of a disorder called cognitive dysfunction syndrome, which can affect cats and dogs as they age. In dogs, it looks very similar to Alzheimer’s disease, which causes memory loss and dementia in humans, usually as they grow older.

    I study how humans and other animals learn, and my research involves working with many different species, from bees to pigeons and crawfish. Part of my work involves paying attention to conditions that can affect mental health in animals.

    Sometimes genetic or developmental changes affect how the brain is built, which can lead to mental disabilities or learning differences. In other cases, animals may be exposed to scary or stressful situations that can cause mental health problems. Here are some examples:

    Many dogs become stressed during thunderstorms. Creating a comfortable, enclosed “safe” space without windows inside your house can help.

    Understanding animal genes

    Down syndrome is a common genetic condition that can slow down learning and thinking in humans. People born with Down syndrome may have a harder time learning new things, remembering information and making complicated decisions.

    Down syndrome is caused by changes to a chromosome – the strands in our cells that store our genes. Normally, people have 23 pairs of chromosomes; when someone is born with an extra copy of chromosome 21, it produces the effects of Down syndrome.

    Most animals can’t have Down syndrome, because their genes are organized into chromosomes differently than human genes. However, our closest relatives, including chimpanzees and orangutans, do have a similar organization of genes. Conditions very much like Down syndrome have been observed in these species.

    One example, Kanako, was a female chimpanzee born in a research facility in Japan. She had vision and heart problems caused by an extra chromosome. Scientists don’t know whether Kanako had trouble with learning, because her vision problems made that difficult to test. However, Kanako enjoyed socializing with other chimpanzees and lived a long life in a wildlife sanctuary.

    Wild chimpanzees are probably also sometimes born with genetic conditions like Down syndrome, but the effects make it difficult to survive in the wild, just like being born with a heart or a foot that doesn’t develop normally. Kanako was able to live a healthy life thanks to the help of her human caretakers and good veterinary care.

    Science historian Laurel Braitman explains how she worked to understand her dog’s mental health disorders, and how studying these problems in animals can offer insights for treating similar problems in humans.

    Coping with trauma and stress

    Animals that are born healthy can also develop mental health problems in response to conditions around them.

    For example, just as soldiers may develop post-traumatic stress disorder after experiencing a life-threatening situation, working military and police dogs can develop a similar condition. Dogs with canine PTSD may cling to their owners, startle at everyday noises, or frequently act panicky or fearful.

    Veterinarians can prescribe anti-anxiety medication to help these dogs stay calm during scary events, like fireworks or thunderstorms. Owners also can use behavioral treatments to reward the dogs for staying calm and relaxed around things that seem frightening.

    Most traumatic events, like earthquakes or car accidents, can’t be predicted in advance. However, in some cases, such as capturing and restraining a wild animal to relocate it, workers use tranquilizers or sedatives to make the animal sleepy, or cover its eyes and ears to reduce fear and prevent long-lasting problems.

    Another common cause of mental health problems in animals is daily stress. Animals held in captivity at zoos, farms or research labs may experience stress from sources such as traffic noises, uncomfortable temperatures or not being able to engage in certain natural behaviors.

    Animals have many signature behaviors: Penguins swim, meerkats dig, baboons socialize and chickens take dust baths. When animals can’t do important behaviors, they may experience stress and mental problems.

    To keep this from happening, zookeepers and animal caretakers provide environmental enrichment – objects, structures and activities that stimulate the animals’ minds and help keep them from getting bored.

    An African penguin at the Maryland Zoo snatches at a knotted fire hose. Giving penguins novel objects to explore is one way to enriching their lives in captivity.
    Pacific Southwest Forest Service, USDA, CC BY

    Supporting your pet

    Sometimes it’s easy to see when animals are stressed or anxious. They may pace back and forth, spend their days in hiding or be unusually aggressive. Getting sick frequently or losing weight can also be a sign of poor mental health. Certain hormones, called corticosteroids, can be measured from a poop sample to provide clues about whether an animal is under too much stress.

    Even pets in loving homes can experience mental health problems. Some dogs struggle with separation anxiety – extreme fear of being left alone by their owner. Lack of mental or physical activity can also produce anxiety symptoms.

    Whether it means taking your dog to the dog park to run and socialize, or building puzzles that hide treats for your parakeet to find, keeping animals busy is good for them. In more serious cases, veterinarians can prescribe medication or behavioral treatments to help your pet feel better.

    Humans can use science to understand the many conditions that affect mental health in animals and find treatments to help them. We also can show compassion and care for others – whether human or animal – who experience mental problems.


    Hello, curious kids! Do you have a question you’d like an expert to answer? Ask an adult to send your question to CuriousKidsUS@theconversation.com. Please tell us your name, age and the city where you live.

    And since curiosity has no age limit – adults, let us know what you’re wondering, too. We won’t be able to answer every question, but we will do our best.

    Rachel Blaser 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. Can animals have mental disabilities? – https://theconversation.com/can-animals-have-mental-disabilities-247082

    MIL OSI – Global Reports –

    February 25, 2025
  • MIL-OSI United Kingdom: Delivery driver who spent Covid funds on drugs and gambling also withdrew cash for home renovations just before he went bankrupt

    Source: United Kingdom – Executive Government & Departments

    Press release

    Delivery driver who spent Covid funds on drugs and gambling also withdrew cash for home renovations just before he went bankrupt

    Bounce Back Loan fraudster handed suspended sentence and curfew

    • Amraiz Mahmood secured more than £20,000 in Covid support funds by falsely declaring he had a turnover of £81,000 as a self-employed delivery driver and courier  
    • Mahmood spent the money on drugs and gambling and also used a separate non-Covid related loan for almost £40,000 worth of renovations to his home just before he filed for his own bankruptcy 
    • Insolvency Service investigations have resulted in Mahmood being given a suspended prison sentence and 12-month curfew 

    A delivery driver who spent Covid support funds he was not entitled to on drugs and gambling has been sentenced. 

    Amraiz Mahmood fraudulently secured a £20,250 Bounce Back Loan from his bank in 2020 by overstating his 2019 turnover by more than £65,000. 

    The 31-year-old then claimed to have assets of only £100 despite withdrawing almost £40,000 in cash for home improvements in the weeks before he filed for his own bankruptcy.  

    Mahmood, of Booker Lane, High Wycombe, was sentenced to 10 months in prison, suspended for two years, when he appeared at High Wycombe Magistrates’ Court on Friday 21 February. 

    He is also now subject to a 12-month daily curfew between 9pm and 7.45am which will be monitored with an electronic tag. 

    Mark Stephens, Chief Investigator at the Insolvency Service, said: 

    Amraiz Mahmood hugely inflated his turnover to secure taxpayers’ money he did not deserve. He then clearly failed to use the loan as it was intended.  

    Bounce Back Loans were designed to support small businesses through the pandemic. They were not intended to be used for personal gain and the Insolvency Service will not hesitate to take action when we identify such blatant abuse of the scheme. 

    Mahmood also concealed tens of thousands of pounds in assets from the Official Receiver when he was declared bankrupt.

    Mahmood fraudulently applied for his Bounce Back Loan in May 2020, claiming his turnover as a self-employed courier and delivery driver was £81,000. 

    His self-assessment return for 2018-19 however showed an income of only £15,018. 

    Mahmood said that he spent the majority of the money he claimed on recreational drugs and gambling. 

    In May 2021, one year on from fraudulently securing the Bounce Back Loan, Mahmood applied for bankruptcy, stating he had assets of just £100 and liabilities of more than £200,000. 

    However, just one month before his bankruptcy, Mahmood had secured a non-Covid related loan from his bank worth £25,000 having also withdrawn £2,000 from his account in the days and weeks before. 

    He then withdrew a further £37,950 in cash across several transactions before being declared bankrupt. 

    Mahmood said he withdrew the money as he needed to make repairs to his home and he knew the assets would be frozen once the bankruptcy order was made. 

    Invoices for the house renovations were dated after Mahmood’s bankruptcy however, meaning he was in possession of the funds when he told the Official Receiver he only had £100 in assets. 

    Mahmood signed an eight-year Bankruptcy Restrictions Undertaking in March 2022, restricting him from being able to borrow more than £500 without disclosing his bankrupt status. 

    Efforts are now being made to recover the funds from Mahmood. 

    Further information 

    • Amraiz Mahmood is of Booker Lane, High Wycombe, Buckinghamshire. His date of birth is 10 April 1983 
    • Sentenced for: Fraud by false representation, contrary to sections 1 and 2 of the Fraud Act 2006; and concealment of assets within the 12 months preceding his bankruptcy application, contrary to section 354(1)(c) of the Insolvency Act 1986 
    • Read more about the Bounce Back Loan Scheme and the action the Insolvency Service can take if it finds misconduct 
    • Guidance on the main statutory consequences flowing from a Bankruptcy Restrictions Order or Undertaking 
    • Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom –

    February 25, 2025
  • MIL-OSI United Kingdom: expert reaction to Apple pulling data protection tool for UK users

    Source: United Kingdom – Executive Government & Departments

    February 21, 2025

    Scientists comment on Apple removing their advanced data protection tool for UK users. 

    Dr Rameez Asif, Associate Professor of Cyber and Blockchain, University of East Anglia, said:

    “iCloud users are the most affected by this news, as the removal of Advanced Data Protection (ADP) weakens the encryption for their cloud-stored data.”

    “Apple has announced that it will remove its Advanced Data Protection (ADP) feature in the UK due to new regulations that would require tech companies to provide government access to encrypted data. This move comes in response to the Investigatory Powers Act (IPA) 2016, which the UK government is seeking to amend, further tightening rules on end-to-end encryption and requiring companies to notify authorities of any security feature changes before rolling them out.

    “Apple’s ADP is its highest level of iCloud encryption, offering end-to-end encryption for iCloud backups, photos, and more, meaning that not even application layer Apple can access the data. The UK government’s demand for access to such encrypted user data has led Apple to pre-emptively withdraw the feature from UK users rather than compromise its security policies.”

    How significant is the removal of this data protection tool?

    “The removal of Apple’s Advanced Data Protection (ADP) in the UK is highly significant, as it weakens the strongest level of encryption available to iCloud users, making their backups, photos, and sensitive data more vulnerable to government access and potential cyber threats. This move highlights the growing tension between user privacy and government surveillance, setting a precedent that could influence other countries to demand similar access. It also raises concerns about digital sovereignty, as companies may choose to limit security features in regions with restrictive laws rather than compromise global encryption standards.”

    Are there other data protection in place that protects UK populations data on apple devices?

    “Yes, despite the removal of Advanced Data Protection (ADP) in the UK, Apple still implements several robust security and privacy measures on its devices. End-to-end encryption remains in place for sensitive data such as iMessage, FaceTime, Health data, passwords stored in iCloud Keychain, and Apple Pay transactions. Additionally, on-device encryption ensures that data stored locally on iPhones, iPads, and Macs is protected by user passcodes and biometric authentication (Face ID/Touch ID). Apple’s App Tracking Transparency (ATT) and Privacy Labels provide users with greater control over app data collection.”

    What does this mean for security of our data on apple devices in the UK / how much less secure is our data now?

    “The removal of Advanced Data Protection (ADP) in the UK reduces the overall security of data stored in iCloud, as it removes end-to-end encryption for iCloud backups, photos, and other cloud-based data. Without this protection, Apple can be compelled to comply with government demands for access to user data, potentially making it more vulnerable to surveillance or unauthorized access. However, local data stored on devices (such as messages, contacts, and health information) is still protected by on-device encryption and remains secure, as long as the user has strong passcodes and biometric authentication enabled. While this change affects cloud-stored data, device-level security and other privacy measures like App Tracking Transparency still offer significant protections, but overall, users in the UK face slightly diminished data privacy compared to other regions with ADP still active.”

    Does the idea the UK Government suggests of a “backdoor” in encryption really work because surely it undermines the whole idea behind end-to-end encryption?

    “The concept of a “backdoor” in encryption, as suggested by some governments, undermines the very foundation of end-to-end encryption by intentionally introducing a method for third parties, such as law enforcement, to access encrypted data. While the idea is that a backdoor would allow authorized access to encrypted content when necessary, it inherently creates vulnerabilities, as any method that can be used by one party can potentially be exploited by malicious actors. This weakens the security of the system and increases the risk of unauthorised access, either through hacking or misuse.”

     

    Dr Junade Ali, Fellow at the Institution of Engineering and Technology (IET) and cyber security expert, said:

    “It’s important to remember that the most useful built-in cybersecurity tools remain available to Apple users. This development largely affects UK Apple device users who require the most significant levels of protection for data stored in Apple’s iCloud service.

    “However, users should be aware that other features like ‘Stolen Device Protection’ mode (protection where someone steals your device and knows your password) and ‘Lockdown’ mode (an extreme protection mode for those under the most sophisticated threats) still appear to be available. These are the built-in tools which are most useful to Apple device users who need higher levels of protection.

    “At the Institution of Engineering and Technology, we recommend basic steps for most users which can radically reduce the risk of most cyberattacks. This includes using a password manager to generate long, unique passwords for each website, using Two-Factor Authentication to generate login codes, installing the latest updates and backing up key data. 

    “Cybersecurity tools, like almost any form of engineering, can be used for good as well as bad. Addressing the challenges posed by technological development requires policy makers, engineers and society to work together. In isolation, policy solutions or technical solutions will never suffice.”

     

    Professor Oli Buckley, a Professor in Cyber Security at Loughborough University, said:

    “Apple removing their Advanced Data Protection (ADP) in the UK is a significant move because it takes away the strongest form of security on iCloud, which offered true end-to-end encryption. This meant that not even Apple had any means of viewing your files and photos.

    “There is still encryption on Apple devices, things like iMessage and other on-device data encryption still exist, but now data specifically stored in iCloud (which has a huge number of users) will be accessible to Apple and potentially government agencies through legal requests.

    “Whenever a ‘backdoor’ exists for one purpose, like law enforcement, there’s always a risk it will be exploited for more malicious purposes. A key factor of end-to-end encryption is that only the communicating parties have the ability to decrypt the content and introducing any special access not only weakens trust in the system, it can also provide an attack vector for cybercriminals.

    “Ultimately, once a door exists, it’s only a matter of time before it’s found and used maliciously. Removing ADP is not just a symbolic concession but a practical weakening of iCloud security for UK users.”

    Prof Alan Woodward, Visiting Professor of Computing, University of Surrey, said:

    What is the protection tool being removed and what is its function?

    “The extra protection that Apple have added is rather like End to End Encryption where only the participants in a dialogue have the ability to decrypt messages.  In the case of iCloud only the user had the keys: Apple did not.  Previously, and for those who have not opted in to the feature, Apple could also read whatever you placed or backed up to the iCloud. Apple have now said that they are removing the option to use this extra security for UK users only.”

     

    How significant is the removal of this data protection tool?

    “It is very significant for anyone interested in security and privacy.  By trying to mandate to Apple that they withdraw this security option globally the UK government have succeeded in weakening security in one corner of the Internet for UK based users.  It was naive of the UK government to think telling Apple what to do globally would work: the UK users now have the worst of all worlds.”

    Are there other data protection in place that protects UK populations data on apple devices?

    “All the other security features previously on Apple devices remain.  All that is being removed is the ability to secure data in the iCloud so that only the user can access it.”

    What does this mean for security of our data on apple devices in the UK / how much less secure is our data now?

    “Users data is no less secure on the devices.  This applies only to the iCloud.  However, anyone who wants to ensure the long term security an privacy of their data will not be using the iCloud.  What users do need to be aware of is that some data on your mobile device can be backed up to the iCloud, including iMessages.  Users will need to ensure this is not enabled if they do not want their data in the iCloud.”

    Does the idea the UK Government suggests of a “backdoor” in encryption really work because surely it undermines the whole idea behind end-to-end encryption?

    “Ever since the Encryption Debate began security professionals have said that if you weaken encryption (or security in general) for your enemies you also do so for your friends. What the UK government is weakened the security of the corner of the Internet, in spectacular fashion, for the UK users alone.  What has been done is not so much a back door as it is removing the door altogether.  Apple had put this feature in place precisely because they knew that users did not like the idea that if compelled to do so Apple could read their iCloud data. Hence, ADP meant that only the user could access their won data.  The UK government has caused UL users to take a step backward so that Apple could once again be required to read the iCloud data.”

    Declared interests

    For all experts, no reply to our request for DOIs was received.

    MIL OSI United Kingdom –

    February 25, 2025
  • MIL-OSI: Wrap Acquires W1 Global: Expands Managed Services with Former FBI, DEA, and DoD Leadership to Accelerate Made-in-America End-to-End Solutions

    Source: GlobeNewswire (MIL-OSI)

    This news follows: Wrap Unveils Managed Safety and Response (MSR) Connected Ecosystem in Virginia

    TEMPE, Ariz., Feb. 24, 2025 (GLOBE NEWSWIRE) — Wrap Technologies (NASDAQ: WRAP) (“Wrap” or, the “Company”) today announced it has completed the acquisition of W1 Global, LLC (“W1”) a preeminent professional services and consulting firm led by an executive team of former high-ranking law enforcement and U.S. Intelligence Community professionals, with deep competencies in complex international criminal investigation, regulatory matters and compliance issues.

    The acquisition of W1 is expected to increase Wraps access to the skill and experience of this distinguished group, as well as expand the international reach of its MSR Connected Ecosystem. It is also expected to support a tech-enabled enhancement of the suite of professional and consulting services that W1 has provided to its clients all over the world.

    Wrap’s acquisition has now assembled a deep team of senior leaders from both the public sector and national security agencies:

    • Professional Services will be led by Bill McMurry, a career law enforcement and intelligence professional. Mr. McMurry is a retired FBI Supervisory Special Agent who served in the FBI’s New York Office for twenty-four years. Mr. McMurry worked closely with the US DOJ, DEA, ATF, HSI, OFAC, DOD and the USIC to develop a national strategy to implement a whole of government response to combat the threat posed by Transnational Organized Crime.
    • Managed Safety and Response will be led by Jim DeStefano, former Assistant Special Agent in Charge of a Special Operations Branch responsible for the New York field division’s preparation for, response to, and recovery from all crisis and special events – including training and tactics in response to emotionally disturbed persons. John Penza, adds experience from state and federal corrections, local law enforcement, and as the former New York Division’s Assistant Special Agent in Charge of the Violent Crimes and Drug Trafficking Branch.
    • Investigative, Regulatory and Compliance professional services will be supported by Ric Bachour, a former local and state police officer, U.S. Marine, and Purple Heart recipient. His international experience includes leadership roles in the DEA Sensitive Undercover Operations Unit, Special Operations, and DEA’s Foreign and Domestic Field Offices.

    Additional Talent Pipeline and International Go-To-Market

    Wrap anticipates accessing a deep talent pool as individuals transition from long government tenures, marking the first of many strategic talent acquisitions to meet growing market demands.

    The W1 Global transaction is expected to position Wrap for international expansion by leveraging W1’s global network and expertise in investigative services. This in-country support network, consisting of former government personnel, provides valuable entry points for global distribution while aligning with U.S. resources and support systems.

    End-to-End Ecosystem

    The W1 Global transaction creates an end-to-end ecosystem with two key business lines: leveraging top talent to deliver comprehensive Managed Safety and Response (MSR) solutions and expanding tech-enabled professional services to enhance client support. Both companies’ clients demonstrate a strong appetite for each other’s services—Wrap’s international clients show significant interest in investigative services, while W1 Global’s clients are keen on Wrap’s BolaWrap, drones, and expanding cyber solutions within the MSR portfolio. This strategic combination effectively meets the market demand for integrated safety and technology-driven professional services, driving growth and enhancing client support.

    Scot Cohen, Chairman and Chief Executive Officer of Wrap, commented, “The acquisition of W1 Global is a transformational step in establishing Wrap as a leader in Managed Safety and Response services. It is expected to drive immediate revenue growth, be accretive, and create synergies with our existing business, including the revamped BolaWrap program, while supporting our expanding global channel system.”

    Bill McMurry, Chief Executive Officer of W1 Global, commented, “W1 and Wrap can now deliver comprehensive MSR solutions with expert consulting, integration, and customization. By combining cutting-edge technology like the BolaWrap with professional services, we hope to ensure seamless implementation and continuous support. Our deep industry expertise is expected to allow us to optimize safety solutions for public safety agencies, effectively addressing complex challenges.”

    About Wrap Technologies, Inc.

    Wrap Technologies, Inc. (Nasdaq: WRAP) is a leading global provider of advanced public safety solutions, integrating ultramodern technology, cutting-edge tools, and comprehensive services to address the complex, modern day challenges facing public safety organizations around the world. Guided by a no-harm principle, Wrap is dedicated to developing groundbreaking solutions that empower public safety agencies to safeguard the communities they serve in a manner that fosters stronger relationships, driving safer outcomes, empowering public safety and communities to move forward together.

    Wrap’s BolaWrap® solution encompasses an innovative and patented hand-held remote restraint device, strategically engineered with Wrap’s no-harm guiding principle to proactively deter escalation by deploying a Kevlar® tether that safely restrains individuals from a distance. Combined with BolaWrap® training, certified by the esteemed International Association of Directors of Law Enforcement Standards and Training (IADLEST), Wrap enables officers from over 1000 agencies across the U.S. and 60 countries around the world, with the expertise to effectively use BolaWrap® as an early intervention measure, mitigating potential risks and injuries, averting tragic outcomes, with the goal to save lives with each wrap.

    Wrap Reality™, the Company’s advanced virtual reality training system, is a fully immersive training simulator and comprehensive public safety training platform that equips first responders with the discipline and practice to prevent escalation, de-escalate conflicts, and apply appropriate tactical use-of-force measures to better perform in the field. By offering a growing range of real-life scenarios, Wrap Reality™ addresses the dynamic nature of modern law enforcement situations for positive public safety outcomes, building safer communities one decision at a time.

    Wrap’s Intrensic solution is a comprehensive, secure and efficient body worn camera and evidence collection and management solution designed with innovative technology to quickly capture, safely handle, securely store, and seamlessly track evidence, all while maintaining full transparency throughout the process. With meticulous consolidation and professional management of evidence, confidence in law enforcement and the justice system soars, fostering trust and reliability in court outcomes. Intrensic’s efficient system streamlines the entire process seamlessly, empowering all public safety providers to focus on what matters, expediting justice with integrity.

    Connect with Wrap:
    Wrap on Facebook
    Wrap on Twitter
    Wrap on LinkedIn

    Trademark Information

    Wrap, the Wrap logo, BolaWrap®, Wrap Reality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad.  All other trade names used herein are either trademarks or registered trademarks of the respective holders.

    Cautionary Note on Forward-Looking Statements – Safe Harbor Statement
    This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “anticipate,” “should”, “believe”, “target”, “project”, “goals”, “estimate”, “potential”, “predict”, “may”, “will”, “could”, “intend”, and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the expected benefits of the acquisition of W1, the Company’s ability to maintain compliance with the Nasdaq Capital Market’s listing standards; the Company’s ability to successfully implement training programs for the use of its products; the Company’s ability to manufacture and produce products for its customers; the Company’s ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company’s most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

    Investor Relations Contact:

    (800) 583-2652
    ir@wrap.com

    The MIL Network –

    February 25, 2025
  • MIL-OSI: FE International Announces Appointment of Four New Partners

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 24, 2025 (GLOBE NEWSWIRE) — FE International, a leading M&A advisory firm, announces the appointment of Max Alderman, Ashley Bohn, Anastasia Buraminskaya, and Jake Olivieri as Partners. These appointments strengthen the firm’s leadership team and reflect its continued growth in key global markets.

    “We’re thrilled to welcome Max, Ashley, Anastasia, and Jake as partners,” said Thomas Smale, Founder and CEO of FE International. “Each of them has played a crucial role in our firm’s growth and success. Their promotions reflect both their outstanding contributions and our commitment to developing talent within FE.”

    The newly appointed Partners bring diverse expertise and proven track records in managing complex transactions and building strong client relationships:

    • Max Alderman has more than eight years of experience advising on TMT M&A transactions, advising on more than $7 billion in transaction value. As a technology investment banker, he has led complex cross-border deals, managed global deal teams, and built deep relationships with founders, private equity firms, and strategic acquirers. Prior to joining FE International, Max worked in the investment banking groups at Bank of America Merrill Lynch and J.P. Morgan, advising on M&A transactions across the technology sector.
    • Anastasia Buraminskaya brings extensive experience in financial analysis, technical accounting and valuation. Since joining FE International, she has successfully guided clients in refining their financial strategies, enabling them to achieve maximum valuation and effectively position themselves for growth. She is also a Certified Public Accountant in New York State.
    • Jake Olivieri, previously Vice President at FE International, leverages nearly a decade of experience in debt capital markets. Throughout his tenure, he has advised on transactions exceeding $500 million in value, with particular expertise in the e-commerce sector. Jake is a CFA Charterholder.
    • Ashley Bohn brings significant expertise in FinTech and enterprise software advisory services, having closed over 25 deals in just over three years at the firm. Prior to joining FE International, she worked in public accounting, serving emerging growth and technology companies generating over $500 million in annual revenues. She is a Certified Public Accountant in New York State.

    These appointments further strengthen FE International’s position as a leader in technology M&A advisory services. The new Partners will continue to operate from the firm’s established offices, serving clients across the global technology sector.

    About FE International

    Founded in 2010, FE International is an award-winning strategic advisor for technology businesses. The firm’s team has completed over 1,500 transactions with a combined value exceeding $50 billion. FE International has been recognized as one of The Americas’ Fastest Growing Companies by the Financial Times from 2020 to 2024 and has earned a place on the Inc. 5000 list for four consecutive years.

    Media Contact

    Gaj Tanwar
    Marketing Coordinator, FE International
    Email: gaj.tanwar@feinternational.com 

    The MIL Network –

    February 25, 2025
  • MIL-OSI Security: U.S. ATTORNEY’S OFFICE COLLECTS $10,739,347.57 IN CIVIL AND CRIMINAL ACTIONS IN FISCAL YEAR 2024

    Source: Office of United States Attorneys

    TALLAHASSEE, FLORIDA – Michelle Spaven, Acting United States Attorney for the Northern District of Florida announced today that the Northern District of Florida collected $10,739,347.57 in criminal and civil actions in Fiscal Year 2024. Of this amount, $6,129,268.26 was collected in criminal actions and $4,610,079.31 was collected in civil actions.            

    “Our office’s civil and criminal divisions, in coordination with our federal, state, and local law partners, have continued to work tirelessly to collect funds owed the America people in both criminal and civil matters,” said Acting U.S. Attorney Spaven.  “These efforts recover funds owed in civil and criminal debts and are used to punish criminals, make victims whole, and return funds to the federal treasury.”

    For example, in November, 2023, Chad Wade pleaded guilty to wire fraud, money laundering, and bankruptcy fraud, for acts of COVID-related fraud.  He was sentenced to 14 months’ imprisonment, ordered to pay restitution to the United States Small Business Administration in the amount of about $1.58 million, and ordered to pay a fine of $100,000.00.  In FY 2024, the Northern District of Florida collected the full amount of the restitution.  In addition to the criminal judgment, the Northern District of Florida obtained a civil judgment under the False Claims Act for over $4 million, of which over $2.2 million has been collected.  The total amount collected from Wade is over $3.8 million.

    In November, 2022, Kathleen Jasper pleaded guilty to racketeering conspiracy and conspiracy to commit theft of trade secrets. She was sentenced to 10 months’ imprisonment and ordered to pay restitution to the Florida Department of Education in the amount of $135,026.00.  In FY 2024, the Northern District of Florida recovered the full amount of the restitution, including over $20,000 through the Treasury Offset Program.

    The U.S. Attorneys’ Offices, along with the department’s litigating divisions, are responsible for enforcing and collecting civil and criminal debts owed to the U.S. and criminal debts owed to federal crime victims. The law requires defendants to pay restitution to victims of certain federal crimes who have suffered a physical injury or financial loss. While restitution is paid to the victim, criminal fines and felony assessments are paid to the department’s Crime Victims Fund, which distributes the funds collected to federal and state victim compensation and victim assistance programs.

    Additionally, the U.S. Attorney’s office in Northern District of Florida, working with partner agencies and divisions, collected $10,417,393 in asset forfeiture actions in FY 2024. Forfeited assets deposited into the Department of Justice Assets Forfeiture Fund are used to restore funds to crime victims and for a variety of law enforcement purposes.

    The United States Attorney’s Office for the Northern District of Florida is one of 94 offices that serve as the nation’s principal litigators under the direction of the Attorney General. To access public court documents online, please visit the U.S. District Court for the Northern District of Florida website. For more information about the United States Attorney’s Office, Northern District of Florida, visit http://www.justice.gov/usao/fln/index.html.

    MIL Security OSI –

    February 25, 2025
  • MIL-OSI: Resi Media Unveils 4K Live Streaming to Web, Setting a New Standard for Online Church Engagement

    Source: GlobeNewswire (MIL-OSI)

    ALLEN, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) — Resi Media, a leading end-to-end solution for online and multisite video streaming, today announces the launch of its new Enterprise 4K live web technology, delivering churches the ability to broadcast Ultra High Definition (UHD) live streaming to captivate and engage audiences with an unparalleled viewing experience.

    More than 90% of churches in the U.S. live stream their worship services today, reinforcing the significant role that technology plays in helping extend the Church worship experience beyond physical walls. As viewer expectations for video quality continue to rise, Resi’s new 4K web functionality equips organizations to effortlessly adapt to a new era of live streaming excellence.

    “Visual and streaming quality are becoming non-negotiable in the eyes of audiences,” said Matt Smith, General Manager at Resi Media. “Whether it’s a worship service, a baptism, or sharing a live event during the week—achieving sharp visuals and uninterrupted streams can create powerful connections with viewers. We’re proud to be at the forefront of live stream innovation for the Church, and Resi’s new 4K web streaming plan allows our customers to meet evolving viewer expectations with ease.”

    The new Enterprise 4K live web plan expands on Resi’s growing suite of 4K solutions, complementing its existing Multisite 4K capabilities and Resi on Demand 4K uploads. The new feature enables organizations to seamlessly broadcast their live streams through an embedded Resi Media Player or on YouTube. Additional features and capabilities include:

    • Crystal-clear image quality: 4K UHD streams at 3840 x 2160 resolution, meaning every detail — every expression, texture, and color — comes through in vibrant and stunning fidelity.
    • Expanded support: Flexible enough to handle professional streaming needs including support for 8 transcoder resolutions (2160p to 144p) to optimize quality on any device.
    • Seamless integration: Broadcast through an embedded Resi Media Player or on YouTube. In addition, automatic downscaling for Facebook and other RTMP platforms to ensure optimal playback, no matter the platform.
    • Unmatched reliability: Resi’s patented Resilient Streaming Protocol (RSP) technology ensures 4K streams remain uninterrupted, even under imperfect network conditions.

    Churches can unlock Resi’s 4K web capabilities by subscribing to the Enterprise 4K live web plan and any one of Resi’s 4K-compatible encoders. For more information about the Resi Media, or the Enterprise 4K live web plan, visit www.resi.io.

    About Resi
    Resi is a high-growth SaaS company that delivers end-to-end live video streaming technology. Their all-in-one video delivery platform specializes in high-quality transmission for web, multisite and on-demand streaming, with industry-leading reliability to support and prompt customer engagement. Resi was founded in 2016 and serves non-profit and for-profit organizations across the globe. Resi was acquired by Pushpay in 2021 and remains a subsidiary of the Company.

    US Media / PR Contact:
    Chelsea Looney I pr@resi.io

    The MIL Network –

    February 25, 2025
  • MIL-OSI: Rate Launches 1stResponder+ Program, Offering Mortgage Balance Coverage to Those Working in the Line of Duty

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 24, 2025 (GLOBE NEWSWIRE) — Rate, the second largest retail lender in the U.S. and a leader in fintech mortgage solutions, is proud to announce the launch of its 1stResponder+ Program, a new initiative designed to provide financial peace of mind to active first responders and their families.

    Underscoring Rate’s commitment to those who serve and protect our communities every day, the 1stResonder+ program offers eligible first responders a complimentary, one-year accidental death insurance policy that covers their mortgage balance—up to $650,000—in the event that the first responder passes away in the line of duty. This program can be paired with Rate’s agency conventional, FHA, VA, and USDA product offerings, providing flexible options for borrowers who meet both loan program and product criteria.

    Eligible professions include:

    • Law Enforcement Officers: Police officers, correction officers, and Homeland Security personnel (including military border patrol).
    • Emergency Medical Services: EMTs, paramedics, ambulance personnel, search and rescue teams, and air ambulance crews.
    • Fire Service: Firefighters and search and rescue personnel.

    “First responders are the backbone of our communities, putting their lives at risk every day to ensure the public’s safety and well-being,” said Victor Ciardelli, President and CEO of Rate. “The 1stResponder+ program is our way of saying thank you and ensuring their families are protected, should the unthinkable occur. This initiative reflects our gratitude and respect for these individuals.”

    The 1stResponser+ not only highlights Rate’s focus on advancing the mortgage industry, but also reinforces its mission to make homeownership attainable and secure for those who selflessly serve others.

    Rate loan officers are dedicated to supporting the communities that they serve in many different ways. In addition to 1stResponder+, Rate offers an extensive product suite that includes, but is not limited to, a wide variety of Affordable, Jumbo, and Non-QM products and programs. Whether you are a first responder or not, Rate has an option that will best fit your needs.

    About Rate

    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate is the #2 retail mortgage lender in the U.S., with over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Honors and awards include Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; No. 2 ranking in Scotsman Guide’s 2022 list of Top Retail Mortgage Lenders; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years. Visit rate.com for more information.

    Press Contact

    press@rate.com

    The MIL Network –

    February 25, 2025
  • MIL-OSI: Halo Investing and NewEdge Investment Solutions Deepen Ties to expand NewEdge Structured Note SMA availability on Leading Wealth Management Platforms

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 24, 2025 (GLOBE NEWSWIRE) — 2024 was a good year for markets. It was an even better year for Structured Notes, with issuance surging to another record high. Halo Investing (“Halo”), an award-winning platform for protective investing and NewEdge Investment Solutions (“NewEdge”), a GIPS-compliant—division of NewEdge Wealth, LLC with over $4 billion in assets under management, are helping fuel this growth.

    A 2023 partnership between the firms made NewEdge’s Structured Note separately managed account (SMA) Strategies available on the Halo platform. Driven by advisor demand and a sign of how quickly the market for Structured Notes is maturing, this week NewEdge announced their suite of Structured Note SMA strategies are now available on investment platforms Envestnet and SMArtX.

    “That advisors can now, with just a few simple clicks, add professionally managed Structured Note strategies, cannot be overstated,” said Matt Radgowski, Halo Investing’s CEO. “A few years ago, if an advisor wanted to add Notes to a client portfolio, it could take weeks and countless follow-ups. Those days are gone. Our partnership with NewEdge makes Structured Note investing easier than ever. If you’re still treating these products as operationally complicated, your competitors are eating your lunch.”

    “We’re proud to lead the revolution on how investors access and position Structured Notes in their portfolios,” adds NewEdge Structured Note Strategies Portfolio Manager Michaelangelo Dooley, CFP®. “The benefits of Structured Notes for suitable clients are well-documented, but client education and achieving the best execution and portfolio integration has traditionally been cumbersome for financial advisors. With Halo’s support, we are proud to offer advisors across the country our differentiated, managed solutions and provide them a better way to invest in Structured Notes.”

    With the help of NewEdge’s portfolio management expertise, Halo Investing leads the distribution and advisor onboarding of NewEdge strategies. Halo’s library of educational resources helps advisors make the most of Structured Notes. If you’re interested in learning more, please email us at marketplace.sales@haloinvesting.com, and the Halo team will follow up.

    About Halo Investing
    Founded in 2015, Halo Investing is an award-winning technology platform that disrupts how protective investment solutions are used worldwide. Headquartered in Chicago, with an office in Abu Dhabi, Halo is democratizing access to investment solutions, including Structured Notes and annuities, that were previously unavailable to most investors. Halo has received a growing number of honors and was recently named one of Fast Company’s Ten Most Innovative Companies. For more information, please visit: http://www.haloinvesting.com.

    Halo Investing, Inc. is not a broker/dealer. Securities offered through Halo Securities, LLC, a SEC registered broker/dealer and member of FINRA/SIPC. Halo Securities, LLC is affiliated with Halo Investing Insurance Services, LLC and Halo Investment Services, LLC. Halo Securities, LLC acts solely as distributor/selling agent and is not the issuer or guarantor of any structured note products.

    For media inquiries, please contact:
    Halo Investing
    Vladislav Moldavskiy
    vlad.moldavskiy@haloinvesting.com

    About NewEdge Wealth
    NewEdge Wealth is a division of NewEdge Capital Group, LLC. NewEdge Capital Group services multiple business lines and supports over 450 financial advisors servicing several thousand households, family offices and institutions. NewEdge Capital Group, LLC, a Barron’s Top 100 RIA Firm and Forbes’ America’s Top RIA Firm*, is the wealth management business unit of EdgeCo Holdings LP, which has over 900 employees.

    NewEdge Wealth is designed to meet the needs of ultra high net worth, family office and institutional clients. The division seeks to provide a select group of clients with a personalized level of service and attention designed to help organize and simplify their lives, while also providing access to an expansive menu of institutional caliber products and services — all wrapped in technology that serves as the connective tissue between the client and their advisor to create a stronger, more personal relationship. Investment advisory services are offered through NewEdge Wealth, LLC, a registered investment adviser. Securities are offered through NewEdge Securities, LLC, Member FINRA/SIPC. NewEdge and its affiliates do not render advice on legal, tax and/or tax accounting matters to clients. Each client should consult his/her personal tax and/or legal advisor to learn about any potential tax or other implications that may result from acting on a particular recommendation.

    *Barron’s rankings awarded in September 2024 based on prior 12 month data. Forbes/Shook rankings awarded in October 2024 based on data from 3/31/23-3/31/24. Neither NewEdge Wealth nor its employees pay a fee in exchange for these rankings.

    Media Inquiries
    Donald Cutler or Lorene Yue
    Haven Tower Group
    424.317.4864 or 424.317.4854
    dcutler@haventower.com or lyue@haventower.com

    The MIL Network –

    February 25, 2025
  • MIL-OSI: Intapp to Participate in Upcoming Investor Conference

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) — Intapp, Inc. (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that senior management will attend and present at the following upcoming investor conference:

    Morgan Stanley Technology, Media & Telecom Conference                 
    Date: Monday, March 3, 2025
    Location: San Francisco, California
    Presentation: 9:15am PT

    A live webcast of the event and archived webcast will be accessible from the “News and Events” section of the company’s investor relations website at https://investors.intapp.com/.

    About Intapp

    Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth.

    Investor contact 

    David Trone
    Senior Vice President, Investor Relations
    Intapp, Inc.
    ir@intapp.com

    Media contact

    Ali Robinson
    Global Media Relations Director
    Intapp, Inc.
    press@intapp.com

    The MIL Network –

    February 25, 2025
  • MIL-OSI: Mavenir and Terrestar Achieve Industry First Satellite Voice Over NB-IoT Call in NTN Mode

    Source: GlobeNewswire (MIL-OSI)

    RICHARDSON, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, and Terrestar Solutions Inc., Canada’s premier mobile satellite operator, have achieved a groundbreaking milestone by successfully completing an industry first Voice over NB-IoT (Narrowband Internet of Things) call in NTN (Non-Terrestrial Networks) mode. The achievement was conducted over a 3GPP-standardized NTN S-band spectrum, avoiding interference common in terrestrial networks. Designed to work with GEO satellite delays as well, the network ensures consistent coverage despite higher latency. This approach enables GEO operators to monetize NTN services immediately.

    This industry-first call was made earlier in the year, January 2025, using standard codec, Sony’s Altair ALT1250 module, Mavenir Open RAN (Open vRAN and Open Beam radio), Mavenir Converged Packet Core, and was conducted in collaboration with Terrestar.

    The successful VoNB (Voice over NB-IoT) call highlights Mavenir’s and Terrestar’s industry leadership in delivering innovative solutions that bridge the connectivity gap in challenging and remote environments. By leveraging 3GPP standards-based NTN technology, the collaboration is driving the integration of satellite and terrestrial networks to bring seamless connectivity to underserved regions, supporting IoT use cases and extending the scope of reliable communication.

    Jacques Leduc, President, Terrestar Solutions: “Terrestar Solutions embodies innovation and leadership as the first MSS player to offer a real-time voice service based on a fully compliant 3GPP non-terrestrial network. With our dedicated S-band spectrum and an open network architecture, we leverage the strength of the 3GPP ecosystem to drive a breakthrough that sets us apart. Our mission: to accelerate the ecosystem development and provide all, through their mobile service provider, with satellite mobile connectivity that ensures security, autonomy, and independence.” 

    Sachin Karkala, SVP & GM, RAN Business Unit, Mavenir: “Satellite services provide the perfect addition to existing terrestrial networks, adding a layer of widespread coverage, and nowhere is this more important than underserved and remote regions. This development allows satellite operators to launch voice services immediately using available spectrum, existing GEO satellites and industry-standard user equipment with a simple software upgrade to deliver voice services country-wide.”

    This achievement paves the way for broader adoption of NTN-based NB-IoT solutions and further integration of voice services into IoT ecosystems as the standards progress. It also reinforces Mavenir’s role as a pioneer in delivering technologies that empower industries and communities worldwide.

    Notes to the editor:

    About Terrestar Solutions

    Terrestar Solutions Inc. is the only Canadian mobile satellite operator engaged in the race to bring direct-to-device satellite services to smartphones and IoT devices and make anywhere-in-Canada communication a reality. Terrestar is committed to nurturing the ever-evolving, standards-based and open network ecosystem, enabling Mobile Network Operators to deliver ubiquitous communication services. Thanks to the Echostar T1 satellite, its ground network infrastructure and 40MHz of S-band mobile-satellite spectrum, Terrestar connects Canadians from almost anywhere in the country, even in Canada’s most remote regions, through its Strigo Mobile-Satellite Service (MSS). The Strigo service also supports non-profit and First Nations organizations, a testament to the Company’s powerful sense of responsibility towards the welfare and progress of the communities it serves. For more information, visit www.terrestarsolutions.ca, or follow us on LinkedIn. 

    About Mavenir

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

    Meet Mavenir at Mobile World Congress 2025, Barcelona, Mar 3-6, 2025.

    To explore Mavenir’s latest innovations and learn more about how Mavenir is delivering the Future of Networks – Today, visit us in Hall 2 (Stand 2H60) at #MWC25.

    Media Contacts

    Mavenir: Emmanuela Spiteri PR@mavenir.com
    Terrestar: Victoria Ollers media@terrestarsolutions.ca 

    The MIL Network –

    February 25, 2025
  • MIL-OSI: EnerPure Announces Successful Completion of SDTC Project

    Source: GlobeNewswire (MIL-OSI)

    Winnipeg, MB, Feb. 24, 2025 (GLOBE NEWSWIRE) — EnerPure Inc. (“EnerPure” or the “Company”), a recycling and energy transition company, is pleased to announce the successful completion of its SDTC project and receipt of its final payment under the funding agreement.

    “We are incredibly grateful to Sustainable Development Technology Canada (SDTC) for their support during the critical final stages of our technology development and the development of our market rollout plans. We set some lofty goals back in 2019 when we first entered into the agreement with SDTC, they kept us accountable to delivering into those goals while also providing financial support throughout the pandemic. The submission of the final report and receipt of the final grant installment provides further validation and confirmation of our readiness to commercially deploy our recycling plants,” commented Todd Habicht, Chairman, CEO and Founder.

    The project funding provided by SDTC enabled EnerPure to optimize and complete the development of its technology, and to advance the company’s goal of deploying 21 recycling plants in six years (our 21/6 goal). The achievement of this goal will result in the cumulative reduction of one million tonnes of GHG emissions during this six-year period. In total, STDC contributed $3.47 million in funding to the project. This SDTC funding, in conjunction with other provincial and federal grants, and our own fund-raising initiatives has resulted in ~$40m in investment over the last 15 years into the development of our state-of-the-art technology for recycling Used Motor Oil (UMO). This technology produces marine fuel that has a carbon intensity 14.6% lower than other petroleum-based marine fuels available in the market and has a sulphur content of less than 0.1%.

    On January 16, 2025, EnerPure announced the results of its recent environmental benefits study, completed as a part of our SDTC project, wherein it was noted that each EnerPure recycling plant would deliver annual GHG emission reductions of 36,315 tonnes and the elimination of 437 tonnes of CACs (Criteria Air Contaminants) per recycling plant. We remain excited about the prospects for 2025 and beyond as we work towards the deployment of our first full-scale commercial plant in Canada’s oil and gas heartland, Alberta.

    About EnerPure – https://enerpure.tech

    “We recycle Used Motor Oil (UMO) to reduce GHG emissions while producing a lower carbon-intensive marine fuel.”

    With an estimated 17 billion litres of UMO1 burned or dumped (~70% of total UMO) around the world each year, the improper disposal of UMO is a growing environmental and societal problem. EnerPure sees a tremendous opportunity to solve this problem through the deployment of its micro-scale recycling plants using its patented technology to convert UMO into high-quality marine fuel.

    Our micro-scale recycling plants have a significantly lower capex (approximately 5% of traditional solutions) which provides localized solutions for the recycling of UMO while significantly reducing the cost of collection.

    Our technology has been proven via our pilot plant with 1.6 million litres processed and validated through fuel sales of over 1.2 million litres. Our marine fuel is in high demand in this growing market due to meeting and exceeding the exacting requirements of the ISO 8217 marine fuel standard while delivering a 14.6% lower carbon intensity. Annually each recycling plant can reduce greenhouse gas (“GHG”) emissions and criteria air containments (“CAC”) by 36,315 and 437 tonnes, respectively.

    With EnerPure’s solution, environmental need meets strong economic returns to enable regional recycling of the disseminated UMO problem; we believe that recycling will fuel the energy transition.

    1UMO is defined as any petroleum-based or synthetic lubricating oil that cannot be used for its original purpose due to contamination.

    Disclosure and Caution

    This press release may contain certain disclosures that may constitute “forward-looking statements” within the meaning of Canadian securities legislation. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, uncertainties and other factors, including but not limited to economic, capital expenditures and engineering projections, that may cause future results to differ materially from those expressed or implied in such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

    The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

    The MIL Network –

    February 25, 2025
  • MIL-OSI: FormFactor Announces the Closing of FICT Transaction

    Source: GlobeNewswire (MIL-OSI)

    LIVERMORE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) — FormFactor, Inc. (Nasdaq: FORM) is pleased to announce the closing of its acquisition, together with North Asia private equity firm MBK Partners (“MBKP”), of FICT Limited (“FICT”). As stated on February 5th, 2025, this transaction secures FormFactor’s access to FICT’s essential technologies for advanced probe cards, strengthens the long-term partnership between the companies, and positions FICT to continue developing leading-edge technologies for its customers in the semiconductor and high-performance computing markets. 

    FormFactor invested approximately $60M for a 20% non-controlling stake and was granted a seat on the company’s board of directors. This investment is not expected to have a material impact on FormFactor’s operating results. 

    “FormFactor and MBKP are committed to the success of FICT and FICT’s customers,” commented Mike Slessor, FormFactor CEO. “This transaction solidifies our important collaboration with FICT to build world-class test and packaging consumables, and strengthens the semiconductor test supply chain serving the rapidly accelerating adoption of advanced packaging.” 

    About FormFactor:

    FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full semiconductor product life cycle – from characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com. 

    Forward-looking Statements: 

    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the federal securities laws, including with respect to the Company’s future financial and operating results, and the Company’s plans, strategies and objectives for future operations. These statements are based on management’s current expectations and beliefs as of the date of this release, and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the expected impact of the transaction on the Company’s operating results, the expected benefit of the transaction to the Company and the industry, and other statements regarding the Company’s business. Forward-looking statements may contain words such as “may,” “might,” “will,” “expect,” “plan,” “anticipate,” “forecast,” and “continue,” the negative or plural of these words and similar expressions, and include the assumptions that underlie such statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in demand for the Company’s products; customer-specific demand; market opportunity; anticipated industry trends; the potential impact on the business of FormFactor and FICT due to uncertainties in connection with the acquisition; the retention of employees of FICT following acquisition; the ability of FormFactor to achieve expected benefits from the FICT acquisition; the availability, benefits, and speed of customer acceptance or implementation of new products and technologies; manufacturing, processing, and design capacity, goals, expansion, volumes, and progress; difficulties or delays in research and development; industry seasonality; risks to the Company’s realization of benefits from acquisitions, investments in capacity and investments in new electronic data systems and information technology; reliance on customers or third parties (including suppliers); changes in macro-economic environments; events affecting global and regional economic and market conditions and stability such as military conflicts, political volatility, infectious diseases and pandemics, and similar factors, operating separately or in combination; and other factors, including those set forth in the Company’s most current annual report on Form 10-K, quarterly reports on Form 10-Q and other filings by the Company with the U.S. Securities and Exchange Commission. In addition, there are varying barriers to international trade, including restrictive trade and export regulations such as the US-China restrictions, dynamic tariffs, trade disputes between the U.S. and other countries, and national security developments or tensions, that may substantially restrict or condition our sales to or in certain countries, increase the cost of doing business internationally, and disrupt our supply chain. No assurances can be given that any of the events anticipated by the forward-looking statements within this press release will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Unless required by law, the Company is under no obligation (and expressly disclaims any such obligation) to update or revise its forward-looking statements whether as a result of new information, future events, or otherwise. 

    Source: FormFactor, Inc. 
    FORM-F 

    Investor Contact
    Stan Finkelstein
    Investor Relations
    (925) 290-4273
    ir@formfactor.com

    The MIL Network –

    February 25, 2025
  • MIL-OSI: Baker Hughes Appoints Ahmed Moghal Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    • Experienced Baker Hughes finance leader will play key role in driving next phase of strategic transformation and growth

    HOUSTON and LONDON, Feb. 24, 2025 (GLOBE NEWSWIRE) — Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) on Monday announced that Ahmed Moghal, a highly experienced finance leader who currently serves as chief financial officer (CFO) of our Industrial & Energy Technology (IET) business, has been appointed CFO of the Company, effective immediately. Prior to IET, Moghal held senior positions in various business and corporate roles. In this role, he succeeds Nancy Buese, who, by mutual agreement with the Company, ceased to serve as CFO effective today.

    Lorenzo Simonelli, Baker Hughes chairman and chief executive officer, said, “The news we are announcing today reflects the substantial progress Baker Hughes has made in executing our strategic transformation. Reflecting on the financial successes achieved during Horizon 1, we drove record results last year while taking key actions across the Company to significantly expand margins. As we progress into the next horizon, our focus remains on driving profitable growth across the Company as we further exploit our versatile IET portfolio, leverage growth across the natural gas and LNG value chain, scale our new energy and digital businesses, and drive enhanced growth in mature assets solutions.”

    He continued, “As we embark on this next phase of growth, it is crucial to have a CFO with deep-domain knowledge across both business segments, a track record of fostering collaboration and strong financial performance, and a comprehensive understanding of our growth strategy. As part of his previous roles in Baker Hughes, and as well as currently leading free cash flow efforts across the Company, Moghal has developed unique insights into our business and broad portfolio that will ensure we efficiently allocate capital to drive profitable growth while remaining focused on continuous margin improvement. We are confident he is the right person to help us deliver on our financial objectives and support a culture of innovation and a growth mindset across the Company.”

    The Company reaffirmed its first-quarter and full-year 2025 outlook shared during its 2024 fourth-quarter and full-year earnings conference call on Jan. 31, 2025. This includes projecting another solid year of EBITDA growth, achieving a 20% EBITDA margin for its OFSE segment in 2025 and the IET segment in 2026, and committed to returning 60% to 80% of free cash flow to shareholders.

    With Moghal’s appointment, Buese will move to a strategic adviser role and will depart the Company on April 30, 2025.

    Simonelli added, “We are grateful to Nancy for the important role she played in executing on key pillars of the first phase of our transformation, including driving operational efficiency and achieving cost reduction objectives to deliver enhanced margin growth and shareholder returns. We wish her all the best in her future endeavors.”

    Moghal has served as senior vice president & CFO of the Industrial and Energy Technology business of Baker Hughes since 2023. Prior to this role, he was appointed as the financial planning & analysis leader at the time of the merger of Baker Hughes and GE Oil & Gas in 2017. In his more than two decades of experience, Moghal has worked in several industries globally, driving performance across multiple business models and cycles. He started his career in GE in the Financial Management Program and subsequently Corporate Audit Staff.

    About Baker Hughes:

    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    For more information, please contact:

    Investor Relations

    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    Media Relations

    Adrienne M. Lynch
    +1 713-906-8407
    adrienne.lynch@bakerhughes.com

    The MIL Network –

    February 25, 2025
  • MIL-OSI: JAMining Launches Limited-Time High-Yield Bitcoin Cloud Mining Plan with an Opportunity to Earn up to $10,850 Daily

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 24, 2025 (GLOBE NEWSWIRE) — JAMining has announced the launch of its exclusive high-yield Bitcoin cloud mining plan, available for a limited time. This new plan offers users the opportunity to earn up to $10,850 per day without the need for expensive hardware or technical expertise. As cloud mining gains popularity as a passive income stream, JAMining’s latest offering stands out as a timely opportunity for both novice and experienced investors to capitalize on the growing crypto market.

    How to Easily Start JAMining Free Cloud Mining?

    Cloud mining is a simple and secure way to invest in cryptocurrency, perfect for investors of all levels. Whether you are a beginner or an experienced investor, you can follow the steps below to get started quickly:

    “Start making money”

    1. Register a JAMining account

    Click the “Get Your $100” button and follow the simple steps to complete the registration and start your cloud mining journey

    2. Select a contract plan

    JAMining provides flexible contract plans to meet the needs of different investors and help you achieve your ideal profit goals. The following are some contract examples:

    Contract Amount Duration Daily Profit Total Income Total Return (Principal + Income)
    $100 1 day 1% $1 $100 + $1
    $200 2 days 3.5% $7 $200 + $7
    $500 3 days 1.8% $9 $500 + $27
    $1000 5 days 1.9% $19 $1000 + $95
    $2600 10 days 1.95% $50.70 $2600 + $507
    $10000 20 days 2.1% $210 $10000 + $4200
             

    3. Monitor earnings

    Your daily income will be automatically settled within 24 hours and updated to your account in real time. You can check your income at any time.

    4. Invite friends to make money

    Invite friends to register and purchase computing power through exclusive invitation codes. You can not only increase your friends’ income, but also get an additional 7% referral reward.

    Affiliate Program Highlights:

    Long-term benefits: The referrer can continue to profit from every investment of the referred user, no matter when it occurs.
    Simple promotion: With the exclusive invitation code, the referrer can easily invite friends to join the platform.
    Win-win: Not only help others enter the cryptocurrency field, but also achieve personal wealth growth.

    Why choose JAMining?

    Advanced technical support

    JAMining platform uses the latest mining technology and efficient hardware equipment to provide users with high-yield, low-cost mining services, covering mainstream cryptocurrencies such as Bitcoin and Ethereum.

    Flexible investment options

    Whether you are a novice small investor or a large-scale fund manager, JAMining can provide you with a tailor-made mining plan to help you maximize your profits.

    24/7 security guarantee

    The platform uses distributed storage, data encryption and multiple firewall technologies to ensure the security of your assets. In addition, JAMining provides 24-hour customer support to answer your questions at any time.

    International (FCA) certification guarantee

    JAMining platform has been certified by the UK Financial Conduct Authority (FCA), which means that the platform has reached international standards in terms of security and compliance, greatly enhancing user trust

    Summarize

    JAMining provides an efficient source of passive income through an easy-to-understand contract purchase method. Whether you are a novice in cryptocurrency or an experienced investor, you can quickly get started on this platform and start automatically growing your crypto assets. JAMining will continue to optimize the platform functions to bring more investment opportunities and value to global users.

    Official Website: https://jamining.com/

    Email: info@jamining.com

    Contact: Apostolakis

    Disclaimer: This press release is provided by JAMining. The statements, views, and opinions expressed in this content are solely those of JAMining 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 cloud mining and 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/44a94024-5458-46c9-90f5-1858fd4f7d46
    https://www.globenewswire.com/NewsRoom/AttachmentNg/c9403551-81ba-49b0-b712-81cada9f484d
    https://www.globenewswire.com/NewsRoom/AttachmentNg/a9dd8cba-49b2-45d9-9852-831b846b66f6

    The MIL Network –

    February 25, 2025
  • MIL-OSI: Sprout Social Customers Achieved 268% Return on Investment According to New Independent Study

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 24, 2025 (GLOBE NEWSWIRE) — Sprout Social (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced the release of a Total Economic Impact™ study conducted by Forrester Consulting. The 2025 study reveals that Sprout Social enabled customers to achieve a return on investment (ROI) of 268% and a net present value (NPV) of $1.3 million over three years with a payback period of less than six months.

    The commissioned study conducted by Forrester Consulting on behalf of Sprout Social found that prior to Sprout Social, interviewed customers’ social teams spent 70% of their time scheduling and publishing posts, listening, replying on social media channels, and planning campaigns. By streamlining these processes and providing direct access to key performance and customer insights, the study found that Sprout Social customers saw a 60% productivity lift, enabling social teams to focus on more impactful work that increases audience engagement, improves customer satisfaction and boosts revenue.

    Sprout customers saw time savings and significant ROI across owned channels, influencer campaigns and employee advocacy programs.

    “Social is now one of the greatest and most important touchpoints an organization has with their customers,” said Scott Morris, CMO of Sprout Social. “Without an intuitive tool, managing campaigns across social–whether on owned channels or through an influencer program–isn’t possible. We’ve built a platform that helps brands make the most of their social investments to develop competitive, scalable strategies that unlock the full potential of social. This study reinforces the value we bring to customers while also underscoring the considerable value and ROI of social.”

    Customers reported that Sprout’s unified platform, AI-powered features and reporting capabilities enabled them to refocus their time on more important tasks and develop content and campaigns that better resonated with their audience and generated ROI. The Forrester study also found that a composite organization of interviewed Sprout Social customers realized the following benefits over three years:

    • Reduction of 80% in employee time spent on social media reporting.
    • Time savings of 60%, worth $1.1 million, on scheduling and publishing posts, social listening, replying on social media channels, and planning campaigns.
    • Time savings of 25% on discovering and managing influencers when leveraging Sprout Social Influencer Marketing
    • Increased organic traffic and $130,000 in additional revenue by leveraging Employee Advocacy by Sprout Social.

    These findings reflect the benefits that brands have seen by utilizing Sprout’s platform. In the study, customers said:

    “Sprout Social gives us time to strategize around our content and make it high-quality so that people respond to it. Sprout was able to take the stuff that we were spending a ton of time on so that we can sit down and figure out what’s working and really lean into it.”

    “I would have to at least triple the size of my team if I didn’t have Sprout.”

    “We’ve had a significant increase in engagement since using Sprout. Even just this past quarter, year over year, we’ve seen a 600% increase in engagement across our social media channels. We have more time to strategize versus time on executing content.”

    For more information on the Total Economic Impact™ study of Sprout Social please visit https://sproutsocial.com/insights/data/forrester-tei-study/, and learn more about Sprout Social at sproutsocial.com.

    About Sprout Social

    Sprout Social is a global leader in social media management and analytics software. Sprout’s intuitive platform puts powerful social data into the hands of approximately 30,000 brands so they can deliver smarter, faster business impact. Named the #1 Best Software Product by G2’s 2024 Best Software Award, Sprout offers comprehensive publishing and engagement functionality, customer care, influencer marketing, advocacy, and AI-powered business intelligence. Sprout’s software operates across all major social media networks and digital platforms. For more information about Sprout Social (NASDAQ: SPT), visit sproutsocial.com.

    Social Media Profiles:
    www.twitter.com/SproutSocial
    www.twitter.com/SproutSocialIR
    www.facebook.com/SproutSocialInc
    www.linkedin.com/company/sprout-social-inc-/
    www.instagram.com/sproutsocial

    Contact
    Media:
    Kaitlyn Gronek
    Email: pr@sproutsocial.com
    Phone: (773) 904-9674

    Investors:
    Lexi Johnson
    Twitter: @SproutSocialIR
    Email: lexi.johnson@sproutsocial.com
    Phone: (312) 528-9166

    The MIL Network –

    February 25, 2025
  • MIL-OSI: Federal Home Loan Bank of Atlanta Commits $60 Million for Homeownership Grants

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Feb. 24, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it is making $60 million in grant funding available through two enhanced programs to help families and individuals purchase or rehabilitate a home. Financial institutions that are members of FHLBank Atlanta can apply for funding to distribute to eligible customers beginning today, Feb. 24, 2025.

    “We are pleased to expand our support for homebuyers and homeowners this year, especially in light of challenges including high home prices and recent natural disasters,” said FHLBank Atlanta President and CEO Kirk Malmberg. “These programs have been designed to assist both first-time and repeat homebuyers, low- and moderate-income families, members of public service occupations, and those in declared emergency areas. We anticipate this funding will significantly impact the lives of thousands of people.”  

    FHLBank Atlanta is committing $40 million through its 2025 Affordable Housing Program (AHP) Homeownership Set-aside Program. Each member financial institution can access up to $750,000 to distribute through three products:

    • First-time Homebuyer: Provides up to $17,500 in downpayment, closing cost, or rehabilitation assistance to first-time homebuyers in connection with the purchase of an existing home. This is an increase from $12,500 offered in 2024.
    • Community Partners: Provides up to $20,000 in downpayment, closing cost, counseling, or rehabilitation assistance in connection with the purchase or purchase and rehabilitation of an existing home by employed or retired law enforcement officers, educators, firefighters, health care workers, veterans and surviving spouses, and other first responders. This is an increase from $15,000 offered in 2024.
    • Community Rebuild and Restore: Provides up to $25,000 in funding for the rehabilitation of an existing owner-occupied home in Major Disaster Declaration areas as designated by the Federal Emergency Management Agency (FEMA) or by a local, state, or other federal government agency. This funding per unit is up from $10,000 in 2024.

    FHLBank Atlanta is contributing $20 million to promote affordable housing through its Workforce Housing Plus+ Program, developed for borrowers with incomes between 80.01% and 120% of the area median income (AMI).

    • Member financial institutions can access up to $500,000 each and disburse grants up to $15,000 per eligible borrower for downpayment and closing costs.
    • Homes must be the primary residence of each grant recipient and located in FHLBank Atlanta’s district, which includes Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia.

    “As a member of FHLBank Atlanta, we have access to a range of affordable housing programs, including downpayment assistance, which reduces barriers to homeownership for many people,” said Paul Phillips, President and CEO of Freedom First Federal Credit Union. “By applying for FHLBank Atlanta funding to distribute, we are creating a ripple effect of positive change – empowering local individuals and families to invest in their futures and build generational wealth while strengthening communities. As a community development financial institution (CDFI), these programs are a powerful way that we fulfill our mission to help people prosper and help communities thrive.”

    Visit the FHLBank Atlanta website for full detail and eligibility requirements for the 2025 Homeownership Set-aside Program and Workforce Housing Plus+ Program. Funds to member institutions are available on a first-come, first-served basis. Borrower contribution and credit counseling are required for most products.

    If you need assistance connecting with a member financial institution, or for more information, call the Bank’s Community Investment Services department at 1.800.536.9650, option 3.

    About FHLBank Atlanta
    FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members – its shareholders and customers – are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households.

    For more information, visit our website at www.fhlbatl.com.

    CONTACT: Sheryl Touchton
    Federal Home Loan Bank of Atlanta
    stouchton@fhlbatl.com

    The MIL Network –

    February 25, 2025
  • MIL-OSI Video: Pham Minh Chinh discusses Viet Nam’s relationship with the US #Davos2025 #WorldEconomicForum

    Source: World Economic Forum (video statements)

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/
    X ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=2VvtdiWg_LU

    MIL OSI Video –

    February 25, 2025
  • MIL-OSI Video: 15C UAS Operator: MOS Highlights

    Source: US Army (video statements)

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #UAS #DRONE

    https://www.youtube.com/watch?v=wGLPGf1oiOU

    MIL OSI Video –

    February 25, 2025
  • MIL-OSI United Nations: IOM Urges Long-Term Funding and Partnerships to Tackle Global Displacement at Riyadh Forum

    Source: International Organization for Migration (IOM)

    Riyadh, 24 February 2025 – International Organization for Migration (IOM) Director General Amy Pope underscored at the 4th Riyadh International Humanitarian Forum (RIHF) the need for strengthening partnerships and collaboration as key to delivering solutions to the world’s deteriorating displacement crises.

    “With record numbers of people displaced around the world – and many millions more at risk of becoming so – the international community must develop comprehensive and sustainable approaches, bringing together our efforts across humanitarian response, development initiatives and peacebuilding,” DG Pope said. “This forum is an important and timely opportunity for us to work together towards this goal, keeping the needs of displaced people at the center of our response.”

    The numbers of people already internally displaced globally have reached a record level of about 76 million. Displacement crises have become more protracted, lasting between 10 years to 26 years on average.

    DG Pope emphasized the need for replacing short-term funding with long-term financing for government-led, development-oriented solutions to displacement in close collaboration with multilateral development banks.

    During the event, DG Pope is participating in two key panels, and she will be meeting with senior Saudi government officials on the sidelines, including with His Highness Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior and Dr Abdullah Al Rabeeah, Supervisor General King Salman Humanitarian Aid and Relief Centre.

    DG Pope will also meet with Dr. Muhammed Sueliman Al Jazeer, Chairperson of Islamic Development Bank, Ambassador Tariq Ali Bakheet, Assistant Secretary General of Organisation of Islamic Cooperation (OIC) and senior officials from the UN and philanthropy organisations.

    “The Riyadh forum is a testament to Saudi Arabia’s leading humanitarian role and is an important platform to address the challenging humanitarian situation globally at this moment,” said IOM’s Regional Director for the Middle East and North Africa Othman Belbeisi. “IOM will continue to strengthen its collaboration with the kingdom and King Salman Humanitarian Aid and Relief Centre to drive solutions to displacement crises.” 

    Discussion at RIHF, whose theme this year is “Navigating the Future of Humanitarian Response”, will focus on exploring innovative approaches to humanitarian aid, the role of technology in crisis response, and the challenges posed by climate change, conflict, and displacement.

    The forum, which takes place in the Kingdom of Saudi Arabia on 24-25 February, is organized by King Salman Humanitarian Aid and Relief Centre (KSrelief) and attended by humanitarian leaders, donors, practitioners, researchers, and others.

    For more information, please contact:

    In Cairo: Joe Lowry, jlowry@iom.int

    In Geneva: Kennedy Okoth kokoth@iom.int

     

    MIL OSI United Nations News –

    February 25, 2025
  • MIL-OSI Global: Why including people with disabilities in the workforce and higher education benefits everyone

    Source: The Conversation – USA – By Lauren Shallish, Associate Professor of Disability Studies in Education, Rutgers University – Newark

    The employment rate for people with disabilities is about half that of nondisabled people. Johner Images via Getty Images

    Whether it’s declaring that blindness prevents government employees from doing their jobs or suggesting that hiring workers with intellectual disabilities contributed to Federal Aviation Administration safety lapses, the Trump administration has repeatedly questioned whether people with disabilities belong in the workplace.

    This stance reflects widespread stigma and misconceptions about what people with disabilities can and do accomplish.

    Negative stereotypes and exclusionary practices persist despite the fact that people with disabilities are the largest minority group in the United States, representing nearly 30% of the population. Whether or not you identify as disabled, most people live or work in close proximity to others with a disability.

    For years I have researched how people with disabilities have been kept out of efforts to guarantee equal access for everybody, particularly in higher education. This exclusion is often due to unfounded beliefs about capacity, intellect and merit, and the false premise that disability inclusion requires lowering standards.

    However, studies demonstrate that including people with disabilities is good for everyone, not just disabled people. Schools and workplaces are more collaborative and responsive when people with disabilities are included at all levels of the organization. In other words, disability inclusion isn’t about charity; it’s about making organizations work better.

    The Americans with Disabilities Act, enacted in 1990, provides legal protections for people with disabilities in the workplace.
    kyotokushige/DigitalVision via Getty Images

    Rolling back protections

    President Donald Trump issued executive orders the day he took office for a second time that aimed at ending government and private-sector efforts to make U.S. workplaces and schools more diverse, equitable and inclusive. In addition to affecting LGBTQ+ communities and people of color, these measures could erode years of progress toward protecting the rights of people with disabilities to earn a living.

    Between 40 million and 80 million Americans identify as disabled. Even the higher end of this range underestimates the actual number of people with disabilities, because some individuals choose not to identify that way or even realize they qualify as such. That includes people with impairments from chemical and pesticide exposure, as well as many older people and those who are living with HIV and AIDS, to name some examples.

    Only 15% of people with disabilities are born with their impairment, so most individuals become disabled over their lifetime.

    Tracing historical precedents

    Blaming failures on people with disabilities and people of color echoes the harms embedded in eugenics, an attempt to scientifically prove genetic inferiority of disabled, LGBTQ+ Indigenous and Black people.

    Eugenics led to the institutionalization and forced sterilization of, and the coercive experimentation on, people with disabilities, immigrants and people of color across the U.S. Even the Supreme Court endorsed the concept in the early 20th century.

    These studies began to fade after World War II, but their legacy persists. Even today, forced sterilization continues to be lawful in U.S jurisdictions in 31 states and in Washington.

    Due to widespread activism and the advent of new legal protections, many states finally dismantled their eugenic policies in the late 1970s. But eugenics-era experiments provided foundations for contemporary medical research, standardized testing and segregated school placements.

    People with disabilities have far-reaching legal guarantees of civil rights and access today due to the Americans with Disabilities Act. The statute, which was enacted in 1990 and strengthened in 2008, provided protections in the workplace, educational settings, transportation and places of recreation and commerce, among others. It also guarded against negative perceptions of disability.

    For example, if an employer perceived someone as disabled and denied them consideration in the hiring process because of that, the candidate would be protected from discrimination under the ADA – whether or not they had a disability.

    While these advances are significant, many people with disabilities still do not have access to their basic civil rights. This is particularly true of Black people with disabilities, as they are disproportionately pushed out of school, disciplined more harshly, targeted for incarceration and marginalized in disability representation and research.

    Accommodations for people with disabilities enable them to contribute unique talents to classrooms and workplaces.
    Halfpoint Images via Getty Images

    Gaining workplace accommodations

    Critics of inclusion efforts sometimes wrongly argue that employing people with disabilities is too costly due to the accommodations they may require. But the Job Accommodation Network in the Department of Labor’s Office of Disability Employment Policy found in 2023 that nearly 60% of these accommodations cost nothing.

    What’s more, many tax incentives are available to cover these costs.

    Disability civil rights law does not mandate hiring people who are not qualified or lowering standards to include the disabled. The law requires that candidates meet the “essential functions” of the job in order to be hired.

    According to a 2024 Labor Department report, the employment rate for working-age people with disabilities was 38% compared with 75% for nondisabled people. Though there are countless reasons for this disparity, many people with disabilities can and want to work, but employers don’t give them the opportunity.

    Providing benefits for everyone

    Many accommodations designed for people with disabilities also benefit others.

    Captioning on videos and movies was originally meant to benefit the deaf community, but it also helps multilingual speakers and people who simply are trying to follow the dialogue. Similarly, visual or written instructions assist people with depression, Down syndrome or attention-deficit/hyperactivity disorder, but they can also make tasks more accessible for everyone, along with breaking assignments into smaller components.

    Sensory break rooms benefit people with autism and post-traumatic stress disorder, while also providing a reprieve in a noisy work environment and minimizing distractions. Remote work options can make it easier for people with chronic illnesses to be employed, and they similarly benefit others who may have caregiving responsibilities – helping attract and retain talented employees. Text-to-speech software provides people with cerebral palsy and nonspeaking individuals with options for communication, similar to options that many people already use on their phones.

    A large body of research demonstrates the broad benefits of making jobs and schools more accessible to people with disabilities, which is ultimately an advantage for everyone.

    Studies on diversity in educational and workplace settings also demonstrate positive outcomes. In a study of 10 public universities, researchers found that students who reported positive, informal interactions with diverse peers had higher scores on measures of more complex thinking, a concern for the public good and an interest in poverty issues, and were more likely to vote and develop strong leadership skills.

    In a national survey of human resources managers conducted in 2019, 92% of the respondents who were aware that one or more of their employees had a disability said those individuals performed the same or better than their peers who did not.

    Research published by the Harvard Business Review found many advantages to hiring people with disabilities.

    For one thing, people with disabilities can have unique insights that contribute to the workplace culture. The presence of employees with disabilities can make the environment of entire companies and organizations more collaborative. Earning a reputation for inclusiveness and social responsibility can improve customer relations and can give businesses an edge when they seek funding and recruit talented new employees.

    Ultimately, I believe it’s important to create conditions where anyone can thrive, including people with disabilities. Doing so benefits everyone.

    Lauren Shallish 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. Why including people with disabilities in the workforce and higher education benefits everyone – https://theconversation.com/why-including-people-with-disabilities-in-the-workforce-and-higher-education-benefits-everyone-249676

    MIL OSI – Global Reports –

    February 25, 2025
  • MIL-OSI Global: As Pennsylvania inches toward legalizing recreational cannabis, lawmakers propose selling it in state-owned dispensaries similar to state liquor stores

    Source: The Conversation – USA – By Daniel J. Mallinson, Associate Professor of Public Policy and Administration, Penn State

    Advocates believe Pennsylvania and Hawaii may be the next fronts in recreational cannabis legalization. Spencer Platt/Getty Images

    After a long, largely successful march over 25 years to liberalize cannabis laws in the United States, the movement had a tough election in 2024.

    Legalization ballot measures failed in Florida, North Dakota and South Dakota. In Arkansas, votes on legalization were not even counted due to litigation over the measure. The only successful measures – passed in Nebraska – are also on hold due to litigation.

    Federally, many of President Donald Trump’s nominees in key posts at the Department of Health and Human Services, Department of Justice and Drug Enforcement Administration have made strong anti-cannabis statements. This may not bode well for the effort started by President Joe Biden to reschedule marijuana as a less dangerous drug.

    So, what is the future of cannabis legalization in the United States?

    As political scientist Lee Hannah and I argued in our 2024 book “Green Rush,” the states are central to the story of cannabis legalization in the United States.

    In fact, advocates are looking to places such as Pennsylvania and Hawaii in 2025 as the next fronts in recreational legalization.

    Let’s zoom in on Pennsylvania.

    Pennsylvania is a middling adopter

    Pennsylvania is following about the same trajectory with adult-use recreational legalization as it did with medical marijuana. It is not an innovator but also not a laggard.

    When Pennsylvania adopted medical marijuana in 2016, 23 states had already done so.

    The political environment is very different in 2025 than 2016, however, which raises the difficulty of passing a bill that makes recreational marijuana use legal, even in a state where legalization is popular.

    In 2016, Pennsylvania’s General Assembly was controlled completely by Republicans, and the governor was a Democrat. Now, the Democrats hold a single-seat majority in the House that erodes every time there is a vacancy. Republicans still control the Senate, and Democrat Josh Shapiro is the governor.

    A major key to medical cannabis legalization passing in 2016 was Republican state Sen. Mike Folmer’s advocacy within his caucus. Without a Republican champion, it may not have passed.

    For legalization of recreational cannabis, state Sen. Dan Laughlin has been the clear Republican champion. He has been working with Democratic state Sen. Sharif Street of Philadelphia to build support and find a policy design that works for Republicans and Democrats.

    But Republican Senate leadership has remained cool to the idea. Senate President Pro Tempore Kim Ward is not a supporter and has been pushing the governor to get more involved.

    “If (Shapiro) wants something done, he needs to lead on it,” Ward said. “He can’t throw an idea out there, which he did last year, and say, ‘Let the legislature figure it out, I’ll sign it.’”

    Expected revenues likely to fall short

    For his part, Shapiro has included projected revenues from legalization in his budget proposals since assuming office in 2023.

    This year, he projected an even greater first-year haul – US$536 million – if recreational cannabis is legalized. This estimate includes revenue from initial licensing fees.

    The assumptions going into these projections aren’t clear. And while cannabis legalization has been lucrative for state revenues in other places, revenues often fall short of what was projected during legalization debates.

    Importantly, Pennsylvania is now nearly surrounded by states with legal recreational cannabis. That includes New York, New Jersey, Delaware, Maryland and Ohio, but not West Virginia.

    It is no secret that, in the words of Shapiro, “Pennsylvanians who want to buy cannabis are just driving across the border to one of our neighbors.”

    Research on how ideas and policies spread makes clear the intense pressure that comes as a state’s neighbors adopt a policy, especially one with major economic ramifications.

    But pressure does not determine the result. The internal politics of a state can still block a policy from being adopted.

    State-owned cannabis stores

    The biggest challenge for legalization in Pennsylvania will be navigating those internal political dynamics – especially finding a compromise that can be supported by both Democrats and Republicans.

    Public safety is often raised as a concern during legalization debates. To counter this point, Democrats in the state House have proposed selling legal cannabis in state-owned stores, just like how liquor and some wine is sold in Pennsylvania now.

    The Pennsylvania Liquor Control Board operates nearly 600 Fine Wine & Good Spirits stores across the state.
    Paul Weaver/SOPA Images/LightRocket via Getty Images

    No other states do this, and it puts the state on potentially very slippery ground with the federal government, which still considers cannabis to be completely prohibited. State-run stores mean that states are providing a banned substance directly to citizens. That is a significant step further than creating an infrastructure to regulate private entities that are breaking federal law.

    Moreover, there has been a decades-long effort in Pennsylvania by conservatives to privatize the state liquor stores. It seems odd that Republicans would support using that model to create a recreational cannabis market.

    If privately owned but government-regulated dispensaries are used, there is significant debate among cannabis policy experts as to whether it is wise to give existing medical dispensaries first dibs on recreational licenses. Doing so allows states to open their recreational programs very quickly.

    The drawback, however, is that large, multistate operators such as Trulieve, which runs dispensaries in several states, are positioned to gain a significant share of the market. This is why the industry supports the approach to initial licensing. Legalization advocates such as Shaleen Title, however, are very concerned about the development of a “Big Cannabis” that resembles Big Tobacco, with oligopoly control by a few large companies.

    Social equity is another challenge facing recreational legalization that was not a major factor in medical. In short, social equity is about ensuring members of marginalized communities that were previously targets of the War on Drugs somehow benefit from the cannabis industry now that it is legal. While the issue was central to recreational legalization debates in neighboring New York and New Jersey, there’s been little public discussion of this particular facet of Pennsylvania’s proposed legalization plans.

    While a middling adopter of medical cannabis, Pennsylvania’s program also had important innovations in research and social equity that influenced legislators in other states. Whatever happens in the commonwealth around recreational cannabis may well do so again, especially as fewer states have the option of adopting recreational cannabis via the ballot.

    Finding a legislative solution to these thorny issues in a divided government could thus push legalization forward. Or the recent winds against legalization could stall the effort in Pennsylvania, at least for now.

    Read more of our stories about Philadelphia and Pennsylvania.

    Daniel J. Mallinson 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. As Pennsylvania inches toward legalizing recreational cannabis, lawmakers propose selling it in state-owned dispensaries similar to state liquor stores – https://theconversation.com/as-pennsylvania-inches-toward-legalizing-recreational-cannabis-lawmakers-propose-selling-it-in-state-owned-dispensaries-similar-to-state-liquor-stores-250368

    MIL OSI – Global Reports –

    February 25, 2025
  • MIL-OSI Global: The murder rate in Venezuela has fallen − but both Trump and Maduro are wrong about why

    Source: The Conversation – USA – By Rebecca Hanson, Assistant Professor of Latin American Studies, Sociology and Criminology, University of Florida

    Members of government-backed militias take part in a march in Caracas, Venezuela, on Jan. 7, 2025. AP Photo/Matias Delacroix

    The body of former Venezuelan army officer Ronald Ojeda was found on Feb. 19, 2024, in a suitcase buried under 5 feet of concrete. Ojeda, accused by Venezuela of plotting against the government, had gone missing nine days earlier, when men dressed as police broke into his apartment in the Chilean capital of Santiago and dragged him away.

    Following a yearlong investigation, authorities in Chile have now pointed the finger at the Venezuelan gang Tren de Aragua, claiming members carried out the assassination at the behest of that country’s president, Nicolás Maduro.

    It comes as the relationship between Maduro’s government and criminal gangs is under increased scrutiny, both among regional governments in Latin America and in the United States.

    Conservative media outlets in the U.S. and right-leaning groups such as the Heritage Foundation have accused Maduro of sending gang members into the U.S. to destabilize the country.

    President Donald Trump has even suggested that Maduro successfully reduced crime by exporting gang members to the U.S. “Crime is down in Venezuela by 67% because they’re taking their gangs and their criminals and depositing them very nicely into the United States,” he told supporters in April 2024.

    According to data from the Venezuelan Ministry of Health, shared with me by scholar of Venezuelan politics Dorothy Kronick, homicide rates have indeed come down in recent years. And this trend is confirmed by the Venezuelan Observatory of Violence.

    The fall in homicide rates has coincided with Maduro successfully consolidating his authoritarian rule in Venezuela. And explanations of the drop in crime tend to imply that it is the result of the government co-opting and controlling gangs. Some observers have even referred to Venezuela as a “narcostate,” suggesting that drug trafficking in the country is an organized venture between top officials and criminal groups.

    I have studied crime, violence and policing in Venezuela since 2011 and know that this narrative is at best oversimplistic, at worst outright mistruth. As I explore in my new book, “Policing the Revolution: The Transformation of Coercive Power and Venezuela’s Security Landscape During Chavismo,” the case of Venezuela is not one of government control over criminal groups. Rather, it is characterized by an unstable and volatile relationship between the government and multiple competing armed actors, including gangs and the police.

    Violent, but becoming less so

    Falling homicide rates should not mask the fact that Venezuela is still plagued by violence. Since the mid-2000s it has been ranked as one of the most violent countries in the world.

    Former President Hugo Chávez was never able to get a handle on crime, particularly violent crime, which increased exponentially under his government. The trend continued during Maduro’s first years in office after Chávez’s death in 2013.

    However, all available evidence suggests that Venezuela’s homicide rate has declined since reaching a peak in 2016 – by around 42%.

    But there’s no evidence this is because the government is “offshoring” criminals.

    Maduro’s own explanation for this decline portrays the government as handily controlling criminals by means of incredibly lethal police raids carried out between 2015 and 2019. In short, Maduro claims that the police have effectively “wiped out” criminal groups.

    Competing police forces …

    But rather than “wiping out” criminal organizations, the Maduro government has instead maintained volatile relationships with many armed groups, including gangs, nonstate paramilitary groups and even the country’s own police forces.

    These relationships have produced significant conflict and dysfunction within state institutions. This is clear when looking at institutions presumed to be synonymous with state control, such as the police.

    Chávez’s and Maduro’s governments put more police and soldiers in the streets. They created security institutions, such as the Policía Nacional Bolivariana, or Bolivarian National Police.

    However, rapid growth of the security apparatus, amid competing approaches, has generated more conflict than coordination.

    Police officers and police reformers I interviewed referred to state security policies and the changes they produced as akin to Frankenstein’s monster – an aberration rapidly outpacing the creator’s ability to control it.

    What they mean is the government had created new security institutions so quickly that it is unable to supervise and control them. As one former police officer and Chavista politician told me: “Our challenge now is how to manage the monster we created.”

    Members of the National Guard take part in an anti-gang security operation in Caracas on July 13, 2015.
    Federico Parra/AFP via Getty Images

    State policies have also generated significant distrust between the police and the government, and among different police forces.

    This distrust has even resulted in police forces coming to blows with each other in the streets on multiple occasions. On Feb. 19, 2020, a section of the Prados del Este highway in Caracas was shut down as officers from Venezuela’s National Police and the country’s investigative police brandished weapons, shoving, punching and wrestling each other to the ground.

    … cooperating gangs

    It is, as such, highly unlikely that falling homicide rates are the result of policing. Indeed, I interviewed over 200 police officers while conducting research for my book, and most believed that the government’s policing initiatives contributed to crime and violence rather than reducing it.

    A more plausible explanation for falling homicide figures is that Maduro’s policies have resulted in more consolidated relationships between criminal groups themselves.

    Maduro’s government has built relationships with gangs, but this doesn’t necessarily imply control over them. Since 2013 the government has negotiated pacts with some of the country’s largest gangs, including a gang confederation led by the infamous El Koki in Caracas and the Belén gang in the state of Miranda.

    The government agreed to tolerate illicit activities within certain areas and prohibit police from entering gang territory. In exchange, gangs agreed to reduce killings and other highly visible crimes such as kidnapping. As my book and previous research with Verónica Zubillaga, Francisco Sánchez and Leonard Gómez shows, these pacts allowed gangs to consolidate control over territory and illicit markets.

    Gangs also negotiated agreements among themselves in case the government pacts fell through. For example, they agreed to divide territory and markets to avoid future conflict and share resources such as weapons and ammunition. This produced less conflict between gangs and less disruption in illicit markets, resulting in fewer homicides.

    When pacts have ruptured in the past, the spectacularly violent confrontations that ensued between gangs and the police have shown gangs’ capacity to resist government intervention. Still, the overall effect of pacts and gang consolidation has been a reduction in homicides.

    As one neighbor living in gang territory put it: “Before, gangs confronted each other; they killed each other. Now they don’t. Now they are growing.”

    ‘Mother of all infuriations’

    Relationships between the government and various nonstate armed groups, including gangs, have generated enormous discontent within police forces.

    As one police officer explained in an interview, these pacts represented the “mother of all infuriations.” For many officers, the goverment’s pacts with other armed groups is tantamount to its sponsorship of criminal activities.

    And this discontent has produced sporadic violent confrontations. Even when government-gang pacts are in place, the government has been unable to keep police forces from entering gang territory and engaging in deadly shootouts.

    Certainly from the outside, it may look like Maduro’s government has co-opted gangs for political purposes. And with the U.S. government adding Tren de Aragua to its list of global terrorist groups, that could put Venezuela in danger of being labeled a “state sponsor of terrorism.”

    However, the Ojeda case in Chile should not be taken as evidence that stable and strong ties exist between Maduro’s government and criminal groups – at least not yet.

    Instead, authoritarian survival in Venezuela for now seems to depend on volatile relationships between multiple and competing armed groups that collaborate temporarily with the government when their diverse interests overlap.

    Rebecca Hanson 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. The murder rate in Venezuela has fallen − but both Trump and Maduro are wrong about why – https://theconversation.com/the-murder-rate-in-venezuela-has-fallen-but-both-trump-and-maduro-are-wrong-about-why-249230

    MIL OSI – Global Reports –

    February 25, 2025
  • MIL-OSI Global: How Elon Musk’s deep ties to – and admiration for – China could complicate Trump’s Beijing policy

    Source: The Conversation – USA – By Linggong Kong, Ph.D. Student, Auburn University

    Elon Musk holds an outsized influence in the new Trump administration.

    As head of his Department of Government Efficiency, or DOGE, the world’s wealthiest man has enjoyed nearly unfettered political power in slashing and refashioning the federal government as he sees fit. And it has quickly become clear that he has the president’s ear on issues beyond that brief.

    But on one topic, Musk stands somewhat apart from others in the coterie of aides and advisers around Trump: China. In contrast to the many hawks in the new Trump cabinet who call for a hard-line approach on China, Musk is a striking outlier.

    As an expert on China-U.S. relations who has monitored Musk’s views on China, I don’t find his long history of espousing pro-Chinese sentiment surprising, given that he has sought throughout to get a business hold in the country.

    But those entanglements are worth scrutiny, given Musk’s role in the Trump administration at a time when one of America’s biggest foreign policy challenges is how to manage its relationship with Beijing.

    Musk’s journey to the East

    For years, Musk has had significant business interests in China, with Tesla’s Shanghai factory, Tesla Giga Shanghai, playing a crucial role in the company’s global operations.

    Since its opening in 2019, the Shanghai plant has surpassed Tesla’s Fremont, California, facility in both size and productivity, now accounting for more than half of the company’s global deliveries and a majority of its profits. Moreover, nearly 40% of Tesla’s battery supply chain relies on Chinese companies, and these partnerships continue to expand.

    Elon Musk walks with Shanghai Mayor Ying Yong during the groundbreaking ceremony for a Tesla factory in Shanghai on Jan. 7, 2019.
    STR/AFP via Getty Images

    Notably, Tesla was the first foreign automaker permitted to establish operations in China without a local partner, following a change in ownership regulations. The Shanghai factory was constructed with the support of US$1.4 billion in loans from Chinese state-owned banks, granted at favorable interest rates.

    Between 2019 and 2023, the Shanghai government also provided Tesla with a reduced corporate tax rate of 15% – 10 percentage points lower than the standard rate.

    The cost advantages of manufacturing in Shanghai, which include lower production and labor expenses, have further cemented Tesla’s reliance on the Chinese market.

    Given that Musk’s wealth is largely tied to Tesla stock, his financial standing is increasingly dependent on the company’s fortunes in China, making any potential disengagement from the country both economically and strategically challenging.

    Tesla’s continued investment in China underscores this dependency. On Feb. 11, 2025, the company opened its second factory in Shanghai — a $200 million plant that is set to produce 10,000 megapack batteries annually. It’s the company’s first megapack battery factory outside the U.S..

    This investment deepens Tesla’s presence in China amid a new wave of U.S.-China trade tensions. On Feb. 1, the Trump administration imposed a 10% tariff on Chinese imports, prompting Beijing’s retaliation with tariffs on American coal, liquefied natural gas, agricultural equipment and crude oil.

    A Chinese fan

    It remains unclear to what extent Musk’s financial interests in China will translate to real influence over the Trump administration’s policy toward Beijing. But Musk’s long history of pro-China remarks suggests the direction he wants the administration to move.

    During his visit to Beijing in April 2024, Musk praised the country, noting also: “I also have a lot of fans in China – well, the feeling is mutual.”

    His admiration appears to hinge in part on how he views business and labor practices in China. In that vein, Musk has criticized American workers as lazy and has faced U.S. labor law disputes, while simultaneously praising Chinese workers for “burning the 3 a.m. oil” under an intensely repressive labor system.

    In numerous posts on the social media platform X, formerly Twitter, which he owns, Musk has also praised China’s infrastructure and high-speed rail system, lauded its space program, applauded its leadership in global green energy initiatives and urged his followers to visit the country.

    Musk has also opposed U.S. efforts to decouple from China, describing the countries’ economies as “conjoined twins,” despite a sizable part of the foreign policy establishment in the West viewing decreased dependency on China as necessary for security interests amid rising geopolitical tensions.

    On the issue of Taiwan, the most dangerous flashpoint in U.S.-China relations, Musk has compared Taiwan to Hawaii, arguing that it is an integral part of China and noting that the U.S. Pacific Fleet has prevented mainland China from achieving reunification by force.

    Musk further suggested that the Taiwan dispute could be resolved by allowing China to establish Taiwan as a special administrative zone, similar to Hong Kong.

    His remarks were shared and welcomed by China’s then-ambassador to the U.S., who, in a post on X, emphasized China’s so-called peaceful unification strategy and advocated for the “one country, two systems” model.

    Trump’s back-channel envoy?

    The big question going forward is how Musk’s financial stakes in, and stated admiration for, China will translate into attempts to influence the U.S. administration’s China policy, particularly given Musk’s unconventional advisory role and the strong faction of anti-China hawks in Trumpworld.

    Given Musk’s approach to China, it’s hard to see him not trying to use his influence with the president to push for somewhat warmer relations with Beijing.

    If such counsel were heeded, it’s easy to envision Musk leveraging his deep ties to China, particularly his close personal relationship with China’s current second-ranking official, Premier Li Qiang, who was the Shanghai party chief when Tesla’s factory was built. In the scenario, Donald Trump could tap Musk as a back channel for diplomacy to ease U.S.-China tensions and facilitate bilateral cooperation when needed.

    To this point, it was, perhaps, telling that it was Musk who met with China President Xi Jinping’s envoy to Trump’s inauguration, Vice President Han Zheng, on the eve of the event.

    But it’s far from certain that Trump wants that diplomatic role for Musk, or that other voices won’t win out with regard to Beijing. In his first term, Trump launched an unprecedented trade war and tech blockade against China, fundamentally reshaping U.S.-China relations and pushing the U.S. toward something of a bipartisan consensus to counter Beijing that has existed for several years.

    Trump’s tariff moves and second-term picks for top trade and commerce roles, like Peter Navarro and Jamieson Greer — who played key roles in the trade war against China during the president’s first term — suggest that Trump’s commitment to further decoupling from China remains strong.

    Furthermore, Musk’s business interests and personal wealth tied to China could leave him vulnerable to Chinese influence. By leaning on Musk’s close ties with Trump, China could use his dependence on the Chinese market as a bargaining chip to pressure Trump into making concessions on issues of major strategic importance to Beijing.

    China has a history of coercing foreign companies reliant on its market into making compromises on matters concerning its national interests. For instance, Apple removed virtual private network apps from its app store in China at the government’s request. Similarly, Tesla could face comparable pressure in the future if Beijing wants to use Musk as a cudgel to influence policy in the Trump administration. Notably, as the head of DOGE, with access to sensitive data from multiple agencies, Musk could find himself caught between U.S. security scrutiny and China’s strategic targeting.

    So long as Musk retains the influence with Trump that he holds now, it’s conceivable that his pro-China sentiments will translate into attempts to influence government policy. Yet even if this is to be the case, whether those efforts succeed will depend on the president and his other advisers, many of whom are seeking an aggressive front against Beijing and are likely to view Musk as an impediment rather than ally in that fight to come.

    Linggong Kong 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. How Elon Musk’s deep ties to – and admiration for – China could complicate Trump’s Beijing policy – https://theconversation.com/how-elon-musks-deep-ties-to-and-admiration-for-china-could-complicate-trumps-beijing-policy-249988

    MIL OSI – Global Reports –

    February 25, 2025
  • MIL-OSI China: China’s draft law prohibits arbitrary fines on private enterprises

    Source: People’s Republic of China – State Council News

    BEIJING, Feb. 24 — Chinese lawmakers on Monday began deliberations on the draft private economy promotion law, which adds new provisions prohibiting arbitrary fees and fines on private enterprises.

    The draft law was submitted on Monday to an ongoing session of the Standing Committee of the National People’s Congress, China’s top legislature, for a second reading. The first reading took place in December 2024.

    The draft bans the forced collection of funds or material donations from private enterprises and specifies that multiple inspection items of the same inspection target should be consolidated whenever possible or included within the scope of cross-departmental joint inspections.

    The second draft also includes provisions requiring the State Council and local people’s governments at or above the county level to regularly report to the standing committees of the people’s congresses of their corresponding level on the promotion of the private economy.

    It also requires relevant industry associations and chambers of commerce to fulfill their coordinating and self-regulatory roles in accordance with laws, regulations, and their charters. They are expected to promptly reflect industry demands and provide services in areas such as information consulting, training, market expansion, rights protection, and dispute resolution for private companies and entrepreneurs, per the draft.

    MIL OSI China News –

    February 25, 2025
  • MIL-OSI: Foresight Ventures Commits $25 Million to Incubate Innovation on BNB Chain

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 24, 2025 (GLOBE NEWSWIRE) —

    Foresight Ventures, a leading global crypto-focused venture capital firm, has announced its commitment of up to $25 million to support live projects on the BNB Chain throughout 2025 as part of the BNB Incubation Alliance (“BIA”). This collaboration underscores Foresight Ventures’ dedication to fostering innovation and empowering early-stage blockchain initiatives.

    As an alliance member of BIA, Foresight Ventures will have the opportunity to invest in standout projects, identifying high-potential ventures early in their development. The BNB Incubation Alliance, launched by BNB Chain and YZi Labs (formerly Binance Labs), serves as a dynamic accelerator for early-stage Web3 projects. Through an interconnected ecosystem of resources, mentorship, and strategic partnerships, BIA is poised to redefine how emerging blockchain ventures achieve sustainable growth and impactful deployment.

    BIA features a comprehensive support framework that includes access to the Most Valuable Builder (MVB) program, potential YZi Labs funding opportunities, and BNB Chain grants. Selected projects will also benefit from the innovative Launch-as-a-Service (LaaS) package, streamlining their development journey within the BNB ecosystem. By creating this pipeline of tools and resources, BIA is positioned to catalyze the next wave of industry-leading Web3 projects.

    Forest Bai, Co-Founder of Foresight Ventures, commented:
    “Our commitment to supporting projects in the BNB Incubation Alliance reflects our enduring mission to support visionary entrepreneurs and emerging blockchain projects. By backing projects within BIA, we aim to bridge promising ideas with the essential resources and networks they need to thrive. This collaboration reinforces our belief in the transformative power of blockchain technology and our responsibility to foster its adoption globally.”

    The BNB Chain Core Development Team expressed: “The BNB Chain ecosystem continuously works to catalyze projects’ success through initiatives like BIA from ideation to maturity and ecosystem incentives, empowering builders to succeed and thrive.”

    The BNB Incubation Alliance will conduct a series of global events designed to showcase early-stage projects and connect them with industry leaders, investors, and experts. These events will spotlight ventures in incubation, offering unparalleled opportunities for collaboration and knowledge exchange. The criteria for project selection prioritize innovation, scalability, and a strong alignment with the ecosystem’s objectives.

    As a pioneer in bridging East and West within the crypto sector, Foresight Ventures brings unparalleled insights and a robust network to the alliance. Its commitment reflects a desire to catalyze blockchain innovation across borders.

    About Foresight Ventures

    Foresight Ventures is the first and only crypto VC bridging East and West. With a research-driven approach and offices in the US and Singapore, they are a powerhouse in crypto investment and incubation. Their premier media network includes The Block, Foresight News, BlockTempo, and Coinness. They invest in bold innovations and are committed to reshaping the future of digital finance by supporting visionary founders and groundbreaking projects.
    For more information, users can visit: Website | Twitter | LinkedIn
    For media inquiries, users may contact: media@foresightventures.com

    Contact

    PR team
    media@foresightventures.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a82f5c1a-54f8-49dc-9925-29ba71f9d9df

    The MIL Network –

    February 25, 2025
  • MIL-OSI: TruGolf Links to Launch Revolutionary Hybrid Golf Concept for Franchisees

    Source: GlobeNewswire (MIL-OSI)

    Nexus Golf Invests for Minority Stake in TruGolf Links Subsidiary

    Salt Lake City, Utah, Feb. 24, 2025 (GLOBE NEWSWIRE) — TruGolf Links, the franchise subsidiary of TruGolf Holdings, announced it’s bringing an innovative, fully patented hybrid golf simulator solution to the franchise market. This cutting-edge technology, five years in development, puts simulator technology onto physical golf courses allowing for a new, tech infused way of playing golf. Merging the virtual and physical worlds of golf has been recently popularized by the high-profile TGL (Tomorrow Golf League) giving proof that the golfing world is open to new and different playing formats. This groundbreaking product is made possible by TruGolf Links long standing close relationship with Nexus Golf. To further that relationship, Nexus Golf has announced a strategic investment in TruGolf Links.

    With this breakthrough, regional developers will have access to a next-generation indoor-outdoor golf experience, allowing consumers in their area to engage with the sport in an entirely new way. By merging advanced simulation technology with real-world gameplay, this hybrid solution offers a compelling and immersive alternative to traditional golf, making the sport more accessible, interactive, and engaging for players of all skill levels. It also will change the business equation for golf course operators, expanding operating hours, better leveraging existing infrastructure and creating new revenue streams. Hybrid golf technology will allow for full length golf to be played at night without lighting an entire golf course. Night golf is currently limited to smaller par 3 golf courses.

    “The decision to invest for a minority stake in TruGolf Links and reinforce our partnership was easy and obvious given our shared mission of redefining what is possible in golf through technology.” Said Tim Vale, Owner of Nexus Golf, LLC and Inventor of Nexus Hybrid Golf. Nexus Golf will invest $2 million in TruGolf Links and has already made the first tranche of the investment.

    TruGolf Links, the fast-growing franchise subsidiary of TruGolf Holdings, has positioned itself as a leader in the evolution of golf entertainment. With Nexus Golf’s backing, the brand is set to accelerate its expansion, providing franchise partners with a unique opportunity to deliver a broad array of customer solutions while capitalizing on the growing demand for immersive, technology-driven golf experiences.

    “This is a game-changer for the sport and the business of golf,” said Ben Litalien, Chief Development Officer at TruGolf Holdings. “By integrating the hybrid simulator concept into our franchise model, we are empowering regional developers to redefine the golf experience for a new generation of players. The Hybrid Golf product solves virtually every problem in golf including the time it takes to play, lost golf balls, land required, maintenance costs, intimidation factor and more.”

    The patented hybrid golf simulator solution will be rolled out across TruGolf Links franchise locations, creating new revenue streams for entrepreneurs while giving golf enthusiasts an exciting, modern way to enjoy the game year-round. We anticipate the first hybrid franchise location to be operational by the end of 2025.

    For more information on TruGolf Links franchise opportunities and the Nexus Golf investment, contact:

    Ben Litalien
    Chief Development Officer
    TruGolf Links
    franchise@trugolflinks.com
    1-888-845-4657
    trugolflinks.com

    About Nexus Golf

    Nexus Golf is a forward-thinking solutions company dedicated to advancing the future of golf through technology. Nexus Golf’s mission is to make the game more fun and accessible for consumers and more profitable for business owners.

    About TruGolf Links Franchising

    While the company offers individual franchises, the focus of its expansion efforts is with Regional Developers who acquire a territory of 1M or more in population, open a flagship location within that territory, then develop the territory with additional units they own or with independent franchisees. Regional Developers are compensated for attracting franchisees and providing support locally to all TruGolf Links locations within their territory.

    For more information about TruGolf Links franchise program, visit: www.trugolflinks.com/franchising.

    The MIL Network –

    February 25, 2025
  • MIL-OSI: Gabelli Dividend & Income Trust Trustees Have Approved Spin-Off of Gabelli Preferred Securities Trust Focusing on Preferred Securities

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., Feb. 24, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE: GDV) (the “Fund” or “GDV”) has approved the spin off a newly created closed-end fund (Gabelli Preferred Securities Trust or “GPS”) whose investment objective will be to seek income and capital appreciation by investing in preferred securities. As investor preferences change and vary across portions of the capital structure, the Fund, which has focused on common equity, is considering additional allocation to preferred securities.

    The Fund would contribute approximately $150 million of its cash and/or securities to GPS and would then distribute all of the shares of GPS pro rata to the common shareholders of GDV. GPS will seek to have its shares listed on the New York Stock Exchange. Following the spin off, GPS is expected to deploy leverage, the amount of which is to be determined.

    It is expected that GDV’s distribution policy will remain unchanged. The Board of Trustees of GPS will determine the distribution rate of the new closed-end fund at the time of the spin-off.

    The transaction is expected to be voted upon at a meeting of shareholders of the Fund following requisite regulatory approvals. There are no assurances that such shareholder and regulatory approvals will be received.

    The Board of Trustees of the Fund will determine the amount of cash and/or securities to be contributed, the number of shares to be distributed, and the record and distribution dates, which will be announced at a later time.

    For more information regarding this press release, call:

    Investor Relations Team
    Carter Austin, Laurissa Martire, David Schachter, and Bethany Uhlein
    (914) 921-5070

    This press release is not intended to, and does not constitute an offer to purchase or sell any securities; nor is this press release intended to solicit a proxy from any shareholder. The solicitation of proxies in connection with the special meeting of shareholders to effect the transaction will only be made by a final, effective Registration Statement on Form N-14, which includes a definitive Proxy Statement/Prospectus, after the Registration Statement is declared effective by the Securities and Exchange Commission (the “SEC”). This Registration Statement has yet to be filed with the SEC. After the Registration Statement is filed with the SEC, it may be amended or withdrawn and the Proxy Statement/Prospectus will not be distributed to shareholders unless and until the Registration Statement is declared effective by the SEC.

    The Fund and its trustees, officers and employees and the Fund’s investment adviser and its officers and employees and other persons may be deemed to be participants in the solicitation of proxies in connection with the special meeting of shareholders. Investors and shareholders may obtain more detailed information regarding the direct and indirect interests of the Fund’s trustees, officers and employees and other persons by reading the Proxy Statement/Prospectus relating to the special meeting of shareholders when it is filed with the SEC.

    Investors and security holders of the Fund are urged to read the Proxy Statement/Prospectus and other documents filed with the SEC carefully and in their entirety when they become available because these documents will contain important information about the transaction. Investors should consider the investment objective, risks, charges and expenses of the Fund carefully. The Proxy Statement/Prospectus will contain information with respect to the investment objective, risks, charges and expenses of the Fund and other important information about the Fund.

    Security holders may obtain free copies of the Registration Statement and Proxy Statement/Prospectus and other documents (when they become available) filed with the SEC at the SEC’s web site at www.sec.gov. In addition, free copies of the Proxy Statement/Prospectus and other documents filed with the SEC may also be obtained after the Registration Statement becomes effective by calling the Fund at (914) 921-5070.

    THE GABELLI DIVIDEND & INCOME TRUST
    Investor Relations Team:
    Carter Austin
    Laurissa Martire
    David Schachter
    Bethany Uhlein

    (914) 921-5070
    ClosedEnd@gabelli.com

    The Fund also files annual and semi-annual reports and other information with the SEC. You may request a free copy of our annual and semiannual reports or request other information about us and make shareholder inquiries by calling (914) 921-5070. You may also obtain copies of the Fund’s annual and semi-annual reports (and other information regarding the Fund) from the SEC’s website (http://www.sec.gov).

    About The Gabelli Dividend & Income Trust

    The Gabelli Dividend & Income Trust is a diversified, closed-end management investment company with $3.0 billion in total net assets whose primary investment objective is to provide a high level of total return with an emphasis on dividends and income. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    NYSE – GDV
    CUSIP – 36242H104

    The MIL Network –

    February 25, 2025
  • MIL-OSI: Blockchain is Growing Fast, and Cloud Mining is a Popular Investment – ION Mining Expands Global Operations with High-Yield Contracts

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 24, 2025 (GLOBE NEWSWIRE) — ION Mining, a leading global cloud mining platform, is excited to announce its latest cloud mining plans for 2025, designed to offer investors and cryptocurrency enthusiasts higher returns, enhanced sustainability, and greater accessibility. With the rapid expansion of the cryptocurrency market, ION Mining continues to revolutionize Bitcoin and Ethereum mining with cutting-edge technology and environmentally friendly solutions.

    Introducing New High-Yield Mining Contracts

    To meet the growing demand for secure and profitable cloud mining, ION Mining has launched exclusive 2025 mining contracts, offering competitive returns and a seamless user experience:

    • Basic Cloud Computing Plan – Invest $300, earn $27.3 in 5 days
    • Classic Cloud Computing Plan – Invest $1,200, earn $388.8 in 15 days
    • Advanced Cloud Computing Plan – Invest $5,000, earn $1,155 in 10 days
    • Super Cloud Computing Plan – Invest $11,000, earn $8,118 in 30 days

    Each contract ensures a full return of the initial investment at the end of the term, allowing users to reinvest or withdraw their earnings with complete flexibility.

    Why Choose ION Mining?

    Founded in 2017 and headquartered in the UK, ION Mining is authorized and regulated by the UK Financial Services Authority (FCA), providing a secure and compliant platform for users worldwide. With over 100 global data centers across North America, Eastern Europe, the Middle East, and South America, ION Mining guarantees a stable and transparent mining environment.

    Key benefits of ION Mining include:

    • Instant Access & Zero-Cost Trial – New users receive a $15 bonus upon registration, allowing them to test the platform risk-free.
    • State-of-the-Art Technology – Utilizing industry-leading mining hardware such as Bitmain and NVIDIA for maximum efficiency.
    • Eco-Friendly Mining Operations – Powered by renewable energy sources, reducing environmental impact and operational costs.
    • No Hidden Fees – Transparent pricing structure with no unexpected maintenance or withdrawal charges.

    A Sustainable Future in Cryptocurrency Mining

    As part of its commitment to sustainability, ION Mining is expanding its use of green energy solutions, ensuring an eco-conscious approach to cryptocurrency mining. By leveraging solar and wind power, ION Mining reduces carbon footprints while maintaining profitability for its users.

    Join ION Mining and Start Earning Today!

    ION Mining provides a secure, efficient, and lucrative solution for individuals looking to generate passive income in the cryptocurrency space. Whether you’re a beginner or an experienced investor, ION Mining’s flexible plans cater to all financial goals. Don’t miss the opportunity to be part of the next evolution in cloud mining.

    For more information and to start mining today, visit: https://ionmining.com/

    Contact:
    Email: info@ionmining.com
    Website: https://ionmining.com/

    About ION Mining:
    ION Mining is a global leader in cloud mining solutions, offering secure, efficient, and sustainable cryptocurrency mining services. Established in 2017, ION Mining is fully regulated and continues to set industry standards in innovation and transparency.

    Disclaimer: This press release is provided by ION Mining. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. 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 as financial, investment, or trading advice. Investing in cloud mining and 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.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1fec530c-720f-4cda-ad75-9ef83f4e7ebb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fb1d4172-f7c7-47cb-a4e2-d008a395d950

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f981166c-5cbc-4ddd-bf3d-17ce8638dc31

    The MIL Network –

    February 25, 2025
  • MIL-OSI Video: “Africa is the next frontier of global growth” #Davos2025 #WorldEconomicForum #CyrilRamaphosa

    Source: World Economic Forum (video statements)

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/
    X ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=05L_QX7pZeI

    MIL OSI Video –

    February 25, 2025
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