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Category: Business

  • MIL-OSI Global: Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish

    Source: The Conversation – UK – By Sanne Frandsen, Associate Professor in Organization, Lund University

    Urbanscape/Shutterstock

    A “calling” in the context of work might be characterised by a strong sense of purpose and a motivation beyond just being paid at the end of the month. It’s mostly associated with occupations like healthcare workers, teachers or nonprofit staff, for example. We might not immediately think of sustainability managers – employed by companies to reduce their environmental impact – as following a calling in the same sense.

    As researchers, however, we have found that sustainability and corporate social responsibility (CSR) managers are also drawn to their work by a calling to serve as agents for social change – even though their roles are corporate ones.

    The social aspirations of sustainability managers are key to the success of corporations’ CSR and sustainability work. However, these aspirations often clash with the corporate reality within the organisation.

    Our research is based on 57 sustainability managers in international companies in Sweden across various industries and career levels. We found that sustainability managers chose their careers in order to live out their strong socio-environmental ambitions.

    Yet keeping that motivation is far from easy. According to sustainability managers themselves, their employers fail to live up to their social aspirations. They are pushed to prioritise corporate goals over social good, and their visions are reduced to compliance only. Their innovative ideas can fade in the struggle to be heard and gain support within the organisation.

    We found that as sustainability managers gain more seniority within the corporation, they lose their socio-environmental purpose and instead start to focus on the bottom-line results of sustainability initiatives. This means they become less ambitious with regard to sustainability initiatives – and more concerned with the profit-driven benefits of sustainability.

    For example, a senior sustainability manager among our cohort who was employed at a company facing accusations of human rights violations focused more on improving the sustainability report and how she could communicate the idea that “CSR makes sense for business”.

    Though sustainability managers in the early stages of their careers are committed to radical change, their voices are seldom heard by the management or their colleagues. They struggle with feelings of social exclusion and meaninglessness, as their aspirations crumble.

    This can be emotionally draining and challenging to their identity, ultimately leading them to adopt more commercial aspirations instead. The sustainability managers find they can do little to mobilise the organisation to support their case for doing good.

    Shifting to the corporate mindset

    During their mid-careers, sustainability managers seemed more able to sell their social aspirations within the corporation. But their calling for social and environmental change becomes “corporatised” and a scaled-back version of their original vision. The shift to a business mindset seems important to get others in the organisation to take them seriously. It’s also important for the sustainability managers themselves, as it increases their sense of belonging within the organisation.

    But the initial drive towards societal change begins to dissipate. One sustainability manager explained that they had been “moulded” to think with more of a business mindset. “The first thing is that everything has to have business value,” they said.

    As sustainability managers in the later stages of their careers gain more power within their organisation, they also express more pride when they talk about their achievements. These are often linked to increased ranking or branding value – for example featuring on sustainability indices or securing media coverage of the company’s sustainability credentials.

    The social motivation for sustainability work, however, is sidelined. Sustainability managers say their work is meaningful and in line with their purpose. But the purpose is now almost exclusively driven more by corporate benefits.

    Businesses should take care not to crush the ambitions of early-career sustainability staff in the corporate machine.
    Iryna Inshyna/Shutterstock

    Are sustainability managers useless, then? Far from it. But our research shows how the very system that hires them to drive change often stifles their social and environmental aspirations.

    As such, companies should value and respond to sustainability managers’ social aspirations to ensure that they maintain the spirit, motivation, and passion for change. This, after all, is what lies at the heart of sustainability and CSR work.

    Our research underscores a critical point. If corporations want sustainability managers to drive meaningful and lasting change, they must support their calling for social impact. This includes giving them a voice and authority, for example, by including them in the executive team.

    Sustainability managers should not be relegated to work only on compliance tasks, but actively encouraged to contribute to the corporate strategy. A culture of openness that welcomes critical perspectives should embrace sustainability managers challenging the status quo. Without this, the drive for greener and more equitable corporate practices risks fading away.

    Sanne Frandsen receives funding from Handelsbankens Forskningstiftelser and the Swedish Research Council.

    Enrico Fontana and Mette Morsing do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish – https://theconversation.com/sustainability-ideals-are-often-crushed-by-corporate-demands-heres-how-businesses-can-let-them-flourish-249556

    MIL OSI – Global Reports –

  • MIL-OSI: KnowBe4 Secures Leadership Position in Frost Radar™: Human Risk Management, 2024 Report

    Source: GlobeNewswire (MIL-OSI)

    TAMPA BAY, FL, Feb. 24, 2025 (GLOBE NEWSWIRE) — KnowBe4, the world-renowned cybersecurity platform that comprehensively addresses human risk management (HRM), today announced that it has been named by Frost & Sullivan as a Leader in the Frost Radar™: Human Risk Management, 2024 report. This recognition reinforces KnowBe4’s reputation as an innovative and influential force in the HRM industry.

    Analyzing 80 global industry participants, Frost & Sullivan selected 15 benchmark vendors for the Frost Radar™ report based on performance and innovation. KnowBe4 stood out for its focus on human behavior, investment in redefining adaptive training and cybersecurity awareness, and diverse content library.

    In addition, KnowBe4 was recognized by Frost & Sullivan for: 

    • AI-powered adaptive phishing simulations
    • Behavioral security coaching with SecurityCoach
    • Comprehensive human risk scoring
    • PhishER Plus for threat identification and remediation
    • Security awareness training content

    “Our recognition as the Leader in the Frost & Sullivan Frost Radar™ report is an incredible validation of KnowBe4’s commitment to innovation and excellence in the HRM industry,” said Perry Carpenter, chief human risk management strategist at KnowBe4. “Achieving a top position underscores the impact of our AI-driven, ‘best-of-suite’ platform. By creating an adaptive defense layer that strengthens user behavior and anticipates emerging cybersecurity threats, we empower organizations to stay one step ahead. Innovation remains at the core of what we do, and we continue to expand our platform with personalized, actionable, and regionally relevant offerings that address both individual and organizational needs.”

    According to Frost & Sullivan, the HRM market is experiencing unprecedented growth, fueled by the need to address cybersecurity threats, employee well-being, and regulatory compliance. They note key drivers of this expansion include the rise of hybrid work, increasing cyber threats, and a focus on employee engagement. Emerging technologies like AI, machine learning, and behavioral analytics enable proactive risk identification, redefining HRM with predictive and seamless user experiences. As a result of this influx, a number of new vendors have entered the scene, offering diverse innovations that address the evolving needs and risks of a modern workplace. 

    Frost & Sullivan analyzed 80 global industry players and selected 15 top vendors for its Frost Radar™ analysis, using Growth and Innovation Indices to evaluate performance and innovation. These indices assess factors like market share, sales effectiveness, strategy alignment, growth potential, and the ability to deliver disruptive, customer-focused solutions. Together, these metrics provide a comprehensive view of each company’s strategy, performance, and innovation.

    To download the report, visit https://www.knowbe4.com/resources/industry-benchmark-reports/frost-and-sullivan-human-risk-management. 

    About KnowBe4
    KnowBe4 empowers workforces to make smarter security decisions every day. Trusted by over 70,000 organisations worldwide, KnowBe4 helps to strengthen security culture and manage human risk. KnowBe4 offers a comprehensive AI-driven ‘best-of-suite’ platform for Human Risk Management, creating an adaptive defence layer that fortifies user behaviour against the latest cybersecurity threats. The HRM+ platform includes modules for awareness & compliance training, cloud email security, real-time coaching, crowdsourced anti-phishing, AI Defense Agents, and more. As the only global security platform of its kind, KnowBe4 utilises personalised and relevant cybersecurity protection content, tools and techniques to mobilise workforces to transform from the largest attack surface to an organisation’s biggest asset.

    The MIL Network –

  • MIL-OSI: reAlpha Acquires GTG Financial, Inc.

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, Feb. 24, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (“reAlpha”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced the acquisition of GTG Financial, Inc. (“GTG Financial”), a mortgage brokerage company founded by Glenn Groves, a U.S. Marine and industry leader. GTG Financial is licensed to operate in seven U.S. states, including California, which will expand reAlpha’s geographic footprint to a total of 28 U.S. states and strengthen its operational capacity.

    The acquisition of GTG Financial marks another step in reAlpha’s strategy to further enhance its mortgage operations and provide a more seamless home financing experience within the reAlpha platform, its AI-powered real estate platform. By incorporating GTG Financial’s experience in the real estate industry and its added workforce of loan officers, reAlpha anticipates that it will be able to bolster its overall operational capacity, expand its loan processing capabilities and offer mortgage lending and refinancing services to homebuyers more efficiently.

    “We are excited to welcome GTG Financial to the reAlpha group,” said Piyush Phadke, Chief Financial Officer of reAlpha. “This acquisition will strengthen our mortgage operations, allowing us to scale and more efficiently provide lending services through our AI-powered homebuying platform. By acquiring GTG Financial, we are continuing to advance our vision of a fully streamlined, technology-driven real estate experience.”

    GTG Financial will retain its brand identity under the leadership of its founder, Glenn Groves, while leveraging reAlpha’s resources and generative AI platform, which is expected to enhance loan processing efficiency and support a more seamless home financing experience.

    Glenn Groves, Chief Executive Officer of GTG Financial, added: “I believe that reAlpha’s AI-driven platform is redefining real estate by simplifying and eliminating traditional barriers in the homebuying process. We’re proud to be part of this transformation and committed to driving its long-term success. GTG Financial will be officially powered by Be My Neighbor, one of reAlpha’s subsidiaries, strengthening our mortgage services and operational efficiency.”

    Christopher Griffith, Chief Executive Officer of Be My Neighbor, and a fellow U.S. Marine, echoed the sentiment: “Real success in M&A comes from aligned leadership. I believe that, as Marines, Glenn and I share the same values of discipline, integrity and execution, making this partnership a natural fit.”

    For additional details concerning the terms of the acquisition of GTG Financial, please refer to reAlpha’s Current Report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission (the “SEC”).

    About GTG Financial Inc.

    GTG Financial, Inc. is a mortgage brokerage company founded by Glenn Groves, committed to helping individuals and families achieve their homeownership dreams, with a focus on transparency, customer service, and financial empowerment.

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha aims to offer an affordable, streamlined experience for homebuyers. For more information, visit www.reAlpha.com.

    About the reAlpha Platform

    reAlpha’s AI-powered, commission-free homebuying platform enables buyers to navigate the homebuying process with ease. With the tagline “No Fees. Just Keys.™”, reAlpha is dedicated to eliminating traditional barriers and making homeownership more accessible and transparent. The platform’s generative AI assistant, “Claire,” supports homebuyers throughout the journey, from property search to closing, offering insights, market trends, and 24/7 assistance.

    Forward-Looking Statements

    The information in this press release includes “forward-looking statements”. Forward-looking statements include, among other things, statements about the GTG Financial acquisition; the anticipated benefits of the GTG Financial acquisition; reAlpha’s ability to anticipate the future needs of the short-term rental market; future trends in the real estate, technology and artificial intelligence industries, generally; and reAlpha’s future growth strategy and growth rate. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; reAlpha’s ability to commercialize its developing AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to integrate the business of GTG Financial into its existing business and the anticipated demand for GTG Financial’s services; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to obtain the necessary regulatory and legal approvals to expand into additional U.S. states and maintain, or obtain, brokerage licenses in such states; reAlpha’s ability to generate additional sales or revenue from having access to, or obtaining, additional U.S. states brokerage licenses; reAlpha’s ability to enhance its, and its subsidiaries’, loan processing efficiency by leveraging its AI-powered platform and overall resources; reAlpha’s ability to expand its loan processing capabilities through the acquisition of GTG Financial; reAlpha’s ability to offer mortgage lending and refinancing services to homebuyers more efficiently through its platform as a result of the acquisition of GTG Financial; the inability to maintain and strengthen reAlpha’s brand and reputation; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets; the potential loss of key employees of its acquired companies; reAlpha’s inability to accurately forecast demand for short-term rentals and AI-based real estate focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any 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.

    Investor Relations Contact:
    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    Media Contact:
    Fatema Bhabrawala, Director of Public Relations
    fbhabrawala@allianceadvisors.com

    The MIL Network –

  • MIL-OSI: Apollo to Acquire Bridge Investment Group

    Source: GlobeNewswire (MIL-OSI)

    Scaled Investment Platform Expands Apollo’s Origination Capabilities in Residential and Industrial Real Estate

    Bridge Manages $50 Billion of High-Quality AUM in Complementary Sectors Aligned with Apollo’s Long-Term Growth Strategy

    NEW YORK and SALT LAKE CITY, Feb. 24, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced they have entered into a definitive agreement for Apollo to acquire Bridge in an all-stock transaction with an equity value of approximately $1.5 billion.

    Founded in 2009, Bridge is an established leader in residential and industrial real estate as well as other specialized real estate asset classes. Led by an experienced senior leadership team and over 300 dedicated investment professionals with significant real estate investment and operating expertise, Bridge’s forward-integrated model, nationwide operating platform and data-driven approach have fostered organic growth and consistently produced desirable outcomes across asset classes.

    Bridge will provide Apollo with immediate scale to its real estate equity platform and enhance Apollo’s origination capabilities in both real estate equity and credit, which is expected to benefit Apollo’s growing suite of hybrid and real estate product offerings. Bridge manages approximately $50 billion of high-quality AUM in real estate products targeting both institutional and wealth clients and is expected to be highly synergistic with Apollo’s existing real estate equity strategies and leading real estate credit platform. The transaction is expected to be immediately accretive to Apollo’s fee-related earnings upon closing.

    Apollo Partner and Co-Head of Equity David Sambur said, “We are pleased to announce this transaction with Bridge, which is highly aligned with Apollo’s strategic focus on expanding our origination base in areas of our business that are growing but not yet at scale. Led by a respected real estate team including Executive Chairman Bob Morse and CEO Jonathan Slager, Bridge brings a seasoned team with deep expertise and a strong track record in their sectors. Their business will complement and further augment our existing real estate capabilities, and we believe we can help scale Bridge’s products by leveraging the breadth of our integrated platform. We look forward to working with Bob and the talented Bridge team as we seek to achieve the strategic objectives we laid out at our recent Investor Day.”

    Bridge Executive Chairman Bob Morse said, “We are proud to be joining Apollo and its industry-leading team, who share our commitment to performance and excellence. This transaction will allow the Bridge and Apollo teams to grow on the strong foundation that Bridge has built since 2009 as we work to pursue meaningful value and impact for our investors and communities. With Apollo’s global integrated platform, resources, innovation and established expertise, we are confident that Bridge will be positioned for the next phase of growth amid growing demand across the alternative investments space.”

    Transaction Details
    Under the terms of the transaction, Bridge stockholders and Bridge OpCo unitholders will receive, at closing, 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued by the parties at $11.50 per each share of Bridge Class A common stock and Bridge OpCo Class A common unit, respectively.

    Upon the closing of the transaction, Bridge will operate as a standalone platform within Apollo’s asset management business, retaining its existing brand, management team and dedicated capital formation team. Bob Morse will become an Apollo Partner and lead Apollo’s real estate equity franchise.

    A special committee of independent directors for Bridge (the “Special Committee”), advised by its own independent legal and financial advisors, reviewed, negotiated and unanimously recommended approval of the merger agreement by the Bridge Board of Directors, determining that it was in the best interests of Bridge and its stockholders not affiliated with Bridge management and directors. Acting upon the recommendation of the Special Committee, the Bridge Board of Directors approved the merger agreement. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions for transactions of this nature, including approval by a majority of the Class A common stock and Class B common stock of Bridge, voting together and the receipt of regulatory approvals. Certain members of Bridge management and their affiliates, collectively owning approximately 51.4% of the outstanding voting power of the Class A common stock and Class B common stock of Bridge, have entered into voting agreements in connection with the transaction and have agreed to vote in favor of the transaction in accordance with the terms therein. Subject to and upon completion of the transaction, shares of Bridge common stock will no longer be listed on the New York Stock Exchange and Bridge will become a privately held company.

    Further information regarding terms and conditions contained in the definitive merger agreement will be made available in Bridge’s Current Report on Form 8-K, which will be filed in connection with this transaction.

    Bridge Fourth Quarter and Full-Year 2024 Earnings
    Bridge will no longer be holding its fourth quarter and full-year 2024 earnings conference call and webcast scheduled for February 25, 2025, due to the pending transaction.

    Advisors
    BofA Securities, Citi, Goldman, Sachs & Co. LLC, Morgan Stanley & Co. LLC and Newmark Group are acting as financial advisors, Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel and Sidley Austin LLP is acting as insurance regulatory counsel to Apollo. J.P. Morgan Securities LLC is serving as financial advisor to Bridge and Latham & Watkins LLP is acting as legal counsel. Lazard is serving as financial advisor to the special committee of the Bridge Board of Directors and Cravath, Swaine & Moore LLP is acting as legal counsel.

    Statement Regarding Forward-Looking Information

    This press release contains statements regarding Apollo, Bridge, the proposed transactions and other matters that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, discussions related to the proposed transaction between Apollo and the Company, including statements regarding the benefits of the proposed transaction and the anticipated timing and likelihood of completion of the proposed transaction, and information regarding the businesses of Apollo and the Company, including Apollo’s and the Company’s objectives, plans and strategies for future operations, statements that contain projections of results of operations or of financial condition and all other statements other than statements of historical fact that address activities, events or developments that Apollo and the Company intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. All statements in this communication, other than statements of historical fact, are forward-looking statements that may be identified by the use of the words “outlook,” “indicator,” “may,” “will,” “should,” “expects,” “plans,” “seek,” “anticipates,” “plan,” “forecasts,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions, but not all forward- looking statements include such words. These forward-looking statements are subject to certain risks, uncertainties and assumptions, many of which are beyond the control of Apollo and the Company, that could cause actual results and performance to differ materially from those expressed in such forward-looking statements. Factors and risks that may impact future results and performance include, but are not limited to, those factors and risks described under the section entitled “Risk Factors” in Apollo’s and the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and such reports that are subsequently filed with the Securities and Exchange Commission (the “SEC”).

    The forward-looking statements are subject to certain risks, uncertainties and assumptions, which include, but are not limited to, and in each case as a possible result of the proposed transaction on each of Apollo and the Company: the ultimate outcome of the proposed transaction between Apollo and the Company, including the possibility that the Company’s stockholders will not adopt the merger agreement in respect of the proposed transaction; the effect of the announcement of the proposed transaction; the ability to operate Apollo’s and the Company’s respective businesses, including business disruptions; difficulties in retaining and hiring key personnel and employees; the ability to maintain favorable business relationships with customers and other business partners; the terms and timing of the proposed transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement and the proposed transaction; the anticipated or actual tax treatment of the proposed transaction; the ability to satisfy closing conditions to the completion of the proposed transaction (including the adoption of the merger agreement in respect of the proposed transaction by the Company’s stockholders); other risks related to the completion of the proposed transaction and actions related thereto; the ability of Apollo and the Company to integrate the businesses successfully and to achieve anticipated synergies and value creation from the proposed transaction; global market, political and economic conditions, including in the markets in which Apollo and the Company operate; the ability to secure government regulatory approvals on the terms expected, at all or in a timely manner; the global macro-economic environment, including headwinds caused by inflation, rising interest rates, unfavorable currency exchange rates, and potential recessionary or depressionary conditions; cyber-attacks, information security and data privacy; the impact of public health crises, such as pandemics and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; litigation and regulatory proceedings, including any proceedings that may be instituted against Apollo or the Company related to the proposed transaction; and disruptions of Apollo’s or the Company’s information technology systems.

    These risks, as well as other risks related to the proposed transaction, will be included in the Registration Statement (as defined below) and Joint Proxy Statement/Prospectus (as defined below) that will be filed with the SEC in connection with the proposed transaction. While the list of factors presented here is, and the list of factors to be presented in the Registration Statement and Joint Proxy Statement/Prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Other unknown or unpredictable factors also could have a material adverse effect on Apollo’s and the Company’s business, financial condition, results of operations and prospects. Accordingly, readers should not place undue reliance on these forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Except as required by applicable law or regulation, neither Apollo nor the Company undertakes (and each of Apollo and the Company expressly disclaim) any obligation and do not intend to publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise.

    No Offer or Solicitation

    This press release is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, the public offer will not be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality (including without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction.

    Additional Information Regarding the Transaction and Where to Find It

    This press release is being made in respect of the proposed transaction between Apollo and the Company. In connection with the proposed transaction, Apollo intends to file with the SEC a registration statement on Form S-4, which will constitute a prospectus of Apollo for the issuance of Apollo common stock (the “Registration Statement”) and which will also include a proxy statement of the Company for the Company stockholder meeting (together with any amendments or supplements thereto, and together with the Registration Statement, the “Joint Proxy Statement/Prospectus”). Each of Apollo and the Company may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for the Registration Statement or Joint Proxy Statement/Prospectus or any other document that Apollo or the Company may file with the SEC. The definitive Joint Proxy Statement/Prospectus (if and when available) will be mailed to stockholders of the Company.

    INVESTORS ARE URGED TO READ IN THEIR ENTIRETY THE REGISTRATION STATEMENT, THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors will be able to obtain free copies of the Registration Statement and Joint Proxy Statement/Prospectus (if and when available) and other documents containing important information about Apollo, the Company and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with, or furnished to, the SEC by Apollo will be available free of charge by accessing the Investor Relations section of Apollo’s website at https://ir.apollo.com. Copies of the documents filed with, or furnished to, the SEC by the Company will be available free of charge by accessing the Investor Relations section of the Company’s website at https://www.bridgeig.com. The information included on, or accessible through, Apollo’s or the Company’s website is not incorporated by reference into this communication.

    Participants in the Solicitation

    Apollo, the Company, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s stockholders in respect of the proposed transaction. Information about the directors and executive officers of Apollo, including a description of their direct or indirect interests, by security holdings or otherwise, is contained in its Proxy Statement on Schedule 14A, dated April 26, 2024 (the “Apollo Annual Meeting Proxy Statement”), which is filed with the SEC. Any changes in the holdings of Apollo’s securities by Apollo’s directors or executive officers from the amounts described in the Apollo Annual Meeting Proxy Statement have been or will be reflected in Initial Statements of Beneficial Ownership of Securities on Form 3 (“Form 3”), Statements of Changes in Beneficial Ownership on Form 4 (“Form 4”) or Annual Statements of Changes in Beneficial Ownership of Securities on Form 5 (“Form 5”) subsequently filed with the SEC and available at the SEC’s website at www.sec.gov. Information about the directors and executive officers of the Company, including a description of their direct or indirect interests, by security holdings or otherwise, is contained in its Proxy Statement on Schedule 14A, dated March 21, 2024 (the “Company Annual Meeting Proxy Statement”), which is filed with the SEC. Any changes in the holdings of the Company’s securities by the Company’s directors or executive officers from the amounts described in the Company Annual Meeting Proxy Statement have been or will be reflected on Forms 3, Forms 4 or Forms 5, subsequently filed with the SEC and available at the SEC’s website at www.sec.gov. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Registration Statement and the Joint Proxy Statement/Prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Investors should read the Registration Statement and the Joint Proxy Statement/Prospectus carefully when available before making any voting or investment decisions.

    About Apollo
    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

    About Bridge Investment Group
    Bridge is a leading alternative investment manager, diversified across specialized asset classes, with approximately $50 billion of assets under management as of December 31, 2024. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select verticals across real estate, credit, renewable energy and secondaries strategies.

    Contacts

    For Apollo:

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    212-822-0540
    ir@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    212-822-0491
    communications@apollo.com

    For Bridge:

    Shareholder Relations:
    Bonni Rosen Salisbury
    Bridge Investment Group Holdings Inc.
    shareholderrelations@bridgeig.com

    Media:
    Charlotte Morse
    Bridge Investment Group Holdings Inc.
    (877) 866-4540
    charlotte.morse@bridgeig.com

    H/Advisors Abernathy
    Eric Bonach / Dan Scorpio
    (917) 710-7973 / (646) 899-8118
    eric.bonach@h-advisors.global / dan.scorpio@h-advisors.global

    The MIL Network –

  • MIL-OSI Video: President Zelenskyy speaks at Davos 2025 #Davos2025 #WorldEconomicForum #VolodymyrZelenskyy

    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=rGC6xGzTcWc

    MIL OSI Video –

  • MIL-OSI Video: Who you gonna call? DRONEBUSTERS!

    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 #Drones

    https://www.youtube.com/watch?v=A5kFTMYFfKI

    MIL OSI Video –

  • MIL-OSI United Kingdom: Government commits to get more veterans into meaningful jobs

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government commits to get more veterans into meaningful jobs

    Thousands of veterans and their family members across the UK will have access to enhanced career support thanks to government plans to expand Op ASCEND.

    • Government to expand UK-wide career support for the armed forces community, ensuring support for all veterans, regardless of when they left service
    • Careers advice service Op ASCEND offer to include broader range of job support for veterans, helping more into employment and boosting growth under this government’s Plan for Change
    • Service will work with industry bodies to make sure businesses are set up to make the most of the talents veterans have to offer, showing how the government is renewing the contract with those who serve and have served

    Thousands of veterans and their family members across the UK will have access to enhanced career support thanks to government plans to expand Op ASCEND. The free service has so far equipped 3,000 veterans and family members with the tools to make their next career move.

    When jobseekers sign up to Op ASCEND for employment advice, specialist-trained advisors can support with:

    • CV writing and interview preparation
    • advice on entering new sectors such as energy, data and digital, telecommunications and construction
    • tips on how to navigate recruitment schemes run by veteran-friendly employers
    • access to employment fairs
    • advice on retraining or setting up a business

    The changes underline the government’s commitment to renewing the contract with those who serve and have served, and will help boost economic growth by helping more veterans into employment.

    The government is committed to improving services and maximising the impact of every penny spent under its Plan for Change, which the improvements will help deliver on.

    Speaking today at an audience of industry leaders and veterans at Mission Community’s annual National Transition Event in Silverstone, Veterans Minister Alistair Carns announced plans to expand the support available under Op ASCEND, which is run by the Forces Employment Charity (FEC). The service will align more closely with the MOD’s official resettlement programme – the Career Transition Partnership (CTP).

    Minister for Veterans and People, Alistair Carns DSO OBE MC MP said:

    This government is committed to renewing the nation’s contract with those who serve and have served.

    Op ASCEND is a natural extension to the government’s resettlement scheme, enabling veterans and their families to further maximise their potential and take their careers to the next level.

    This is about delivering a clear, easily accessible offering for veterans. From the time they join, to the time they leave service and beyond, veterans will be empowered to succeed, whether that be in protection of our nation, or through meaningful careers which maintain and develop their skills.

    For those just leaving the forces, there is a range of transition and resettlement support available through the CTP. For those who left service more than 2 years ago and are looking for a new job or to progress within their career, Op ASCEND is available to them. This could include provision for those veterans looking to set up their own business or hone their enterprise and entrepreneurial skills. 

    Sam, a British Army veteran who recently secured a role as a physical oil trading contracts analyst in the energy industry thanks to Op ASCEND, said:

    I found Op ASCEND online, and was assigned a mentor to help me navigate the process. There’s the intangible side of the service – knowing there’s people around that care, are interested and want to see you succeed. Knowing you can connect with an advisor, write to them or call them up if you’re having problems and get some advice. Then there’s the tangible impact of the employment events – they’re actionable, you can go ahead and do something with it.

    As well as offering career advice to the armed forces community, Op ASCEND has worked with over 300 businesses to date, helping them understand the commercial benefits of hiring veterans. The service encourages employers to:

    • review their work in recruiting, progressing and retaining talent from the armed forces and their families
    • run employment events to connect job-seeking members of the military community with job opportunities
    • expand or create new military pathways to help veterans with their transition and keep them connected to those with similar backgrounds

    Ian Fortune, Head of Pathways, Centrica, said:

    Working with the Forces Employment Charity through the delivery of Op ASCEND has enabled high-calibre service leavers and the wider military family to bring their significant talent and skillsets into our organisation with confidence.  With fantastic Pathways events such as Women Into Employment, we have been bringing diversity of thought, background and experience into our company and with it, fresh perspectives and thinking that is helping to energise a greener, fairer, future.

    Op ASCEND is being run alongside a veteran industry engagement programme, both backed by £2.1 million of government funding. Run by service charity Mission Community, the programme works with industry bodies – such as the Society of Motor Manufacturing and Traders – to drive practical, cultural and behavioural change within their sectors. Through this partnership with business, the government will help ensure that the value veterans bring to UK businesses is fully recognised, and that industries make the most of the talents they have to offer.  

    Notes to editors:

    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Marat Khusnullin flew over a section of the M-12 “Vostok” high-speed highway from Tatarstan to the Sverdlovsk region

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Marat Khusnullin held a meeting with representatives of the Federal Road Agency (Rosavtodor) and the state company Avtodor

    February 24, 2025

    Implementation of the project for the construction of the M-12 “Vostok” high-speed highway. Section between the Republic of Tatarstan and the Sverdlovsk Region

    February 24, 2025

    Previous news Next news

    Marat Khusnullin held a meeting with representatives of the Federal Road Agency (Rosavtodor) and the state company Avtodor

    In Russia, the implementation of a large-scale infrastructure project to build the M-12 “Vostok” high-speed highway to Yekaterinburg continues. Deputy Prime Minister Marat Khusnullin flew over the section under construction between the Republic of Tatarstan and the Sverdlovsk Region, and also held a meeting with representatives of the Federal Road Agency (Rosavtodor) and the state company “Avtodor”.

    “The Russian construction industry is systematically working to improve the connectivity of the regions of our large country. Single routes, including high-speed ones, are being created from individual sections. The “Russia” transport route will stretch for approximately 12 thousand km from St. Petersburg to Vladivostok. It will include both existing highways and those built from scratch. One of them is the M-12 “Vostok” highway, the construction of which is being carried out on the instructions of the President. To extend the highway, the state company “Avtodor” is actively building a new 275 km Dyurtyuli – Achit section in the Republic of Bashkortostan, Perm Krai and Sverdlovsk Oblast. Having flown the route, I can say that the pace of work on extending the M-12 to Yekaterinburg is not bad. There was a delay for a number of reasons, including weather conditions. Last year there were heavy rains, the road was washed away in places, they could not deliver sand and gravel. But by the end of June we are determined to prepare the highway for opening,” the Deputy Prime Minister noted.

    The Deputy Prime Minister added that work on extending the highway is in full swing. For example, the overall readiness of the first stage of the Dyurtyuli-Achit road in the Republic of Bashkortostan is more than 72%. Engineering networks are being built at the site, and 5,000 lighting poles and lamps have already been installed for the safe movement of drivers at night.

    At the second stage, 31 artificial structures are being built in Perm Krai, including seven bridges, including a bridge across the Malaya Sarana River. In terms of height, it is comparable to an 8-story building (more than 24 m). At the third stage, two interchanges, seven overpasses and five bridges will be built in Sverdlovsk Oblast, including a bridge across the Bolshaya Sarana River with a length of 540 m.

    After Yekaterinburg, the federal highway M-12 “Vostok” will be extended to Tyumen. At the meeting, Marat Khusnullin discussed the renewal of the Yekaterinburg-Tyumen section with representatives of the Federal Road Agency. Other topics included the construction of bypasses of Omsk, Tyumen, a road towards Perm, as well as the expansion of access roads from Ufa to Dyurtyuli, so that residents could conveniently use the M-12 highway.

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

    MIL OSI Russia News –

  • MIL-OSI Banking: RBI imposes monetary penalty on The Guntur District Co-operative Central Bank Ltd., Andhra Pradesh

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated February 18, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Guntur District Co-operative Central Bank Ltd., Andhra Pradesh (the bank) for contravention of provisions of Section 31 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

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

    The bank had failed to publish its accounts and balance-sheet for the Financial Year 2022-23 and also to furnish the copies thereof to RBI / NABARD within the prescribed timeline.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2246

    MIL OSI Global Banks –

  • MIL-OSI Banking: RBI imposes monetary penalty on The Gulbarga and Yadgir District Co-operative Central Bank Ltd., Karnataka

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated February 18, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on The Gulbarga and Yadgir District Co-operative Central Bank Ltd., Karnataka (the bank) for non-compliance with certain directions issued by the National Bank for Agriculture and Rural Development (NABARD) in exercise of powers conferred under Section 27(3) read with Section 56 of the Banking Regulation Act, 1949 (BR Act) on ‘Offsite Surveillance System-Revision of Due dates for Submission of OSS/FMS Returns’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

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

    The bank had failed to submit the statutory returns to NABARD within the prescribed timeline.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2247

    MIL OSI Global Banks –

  • MIL-OSI Banking: Samsung hits the runway with E.L.V. DENIM to showcase sustainable fashion

    Source: Samsung

     
    LONDON, UK – Samsung Electronics Co., Ltd is making its London Fashion Week debut as part of E.L.V. DENIM’s first ever presentation titled ‘The Journey’.
     
    The British luxury brand, dedicated to crafting timeless fashion pieces from 100% upcycled materials, created ‘The Journey’ to trace its evolution from the first pair of jeans in 2018 to a full ready-to-wear collection, including shirting, tailoring, leather, and evening wear.
     
    Set to a backdrop of Samsung’s Series 6 Washing Machines and Tumble Dryers – which offer a range of features that help reduce energy consumption[1] as well as decreasing the amount of harmful plastic microfibers clothes shed[2] – the show portrays E.L.V.’s commitment to upcycling, local manufacturing, and true sustainability by exploring the six core elements of E.L.V. DENIM’s production: sourcing, washing, grading, pairing, cutting & sewing.
     
    Dan Barfield, Director of Digital Appliances, Samsung UK & Ireland, comments: “We’re proud to be a part of E.L.V. DENIM’s London Fashion Week debut. The presentation showcases both brand’s dedication to innovation, making our products the perfect backdrop to the first fully upcycled show on-schedule.
     
    “This collaboration is a powerful statement towards responsible consumption. While E.L.V. DENIM transforms garments otherwise destined for landfill into high-end fashion, our laundry innovations help extend the life of clothing by delivering a deep clean using less water and energy. We’re committed to building products and providing consumers with options that put responsible practices at the forefront of fashion.”
     
    Anna Foster, Founder & Designer, E.L.V. DENIM, comments “From the very beginning, we believed—and still believe—that we make the best jeans in the world. Our commitment to upcycling, local manufacturing, and true sustainability sets us apart. Some might call that a bold statement, but we have the processes to prove it. That’s why we’ve created a fully transparent presentation that shows exactly how we do it.
     
    “We welcome questions and interaction—our team is here to share everything. Only by being completely open can we prove who we are, and what we’re striving to become. Today, E.L.V. DENIM is the only brand in the world producing high-end garments at scale entirely from 100% upcycled post-consumer waste. We are not just making jeans; we are rewriting the rules of fashion.”
     

     
    Samsung offers innovative solutions to help consumers reduce water and energy usage. Various Samsung washing machines have AI energy mode[3] that can reduce your energy consumption by up to 70%[4], whilst ecobubble technology can wash effectively at cooler temperatures.
     
    Samsung also offers the Less Microfiber cycle that works to make clothes shed less microplastics, which are discharged into the drain water. By adjusting the motor’s revolution speed and washing intensiveness, the Less Microfiber cycle reduces the amount of microfiber released into the drain by up to 54%[[5]].
     

     
     
    Top Tips: How to Make Your Laundry More Eco-Friendly
     
    Embrace energy-saving tech to cut down on water and energy use
    While it is a staple to our daily lives, electricity production generates the second largest share of greenhouse gas emissions, making it vital we explore how to cut our energy consumption. Our washing machines with AI energy mode can reduce your energy consumption by using sensors to detect the weight of your laundry before calculating and dispensing the optimal amount of water needed for the load. [3+4]
     
    Less is more when it comes to detergent
    Many laundry detergents contain microplastics—harmful plastic microfibres that make it into the ocean[6]. That’s why Samsung developed the new Less Microfiber Filter, an external washing machine filter designed to significantly reduce plastic microfiber emissions during laundry cycles.
     
    Designed with inspiration from apparel maker Patagonia and expertise from the global ocean conservation organisation Ocean Wise, the filter captures 98%[[7]] of microplastics released during laundry from escaping into the ocean, equivalent to eight 500ml plastic bottles per year when used four times a week[8].
     
    To manage the amount of detergent we use to avoid damaging the planet, our clothes and the machine itself over time, Samsung’s Auto Dispense feature automatically adds the right amount of detergent and softener into the washer, taking the guesswork out of every wash.
     
    Don’t be afraid of the cold (wash)
    Using hot water during a laundry cycle uses a substantial amount of energy—in fact, 75% of the energy required during a hot wash cycle is used just to heat up the water[9]. With Samsung’s EcoBubble technology, you need not worry that a colder wash will result in a less effective clean.
     
    Even at a cold wash setting of 15°C, EcoBubble technology will still effectively dissolve detergent and mix it with air and water to create bubbles that thoroughly penetrate clothes so as to remove even the toughest stains.
     
    Choose appliances that are built to last
    A final tip for making your laundry as eco-friendly as possible is to opt for appliances that are sure to last for a long time, a decision that contributes to the reduction of landfill waste, the conversation of resources, the prevention of environmental contamination by toxic materials, and the reduction of greenhouses gases created in the production of new materials.
     
    Samsung’s washers and dryers have been designed for long-term use, coming with industry-leading warranties for both product and parts so that users can rest assured that their appliance decisions are the best ones for the environment.
     
    About E.L.V. DENIM
     
    E.L.V. DENIM is a pioneering British luxury brand dedicated to handcrafting timeless fashion pieces from 100% upcycled materials. Breathing a second life into garments that could otherwise be destined for landfill, E.L.V. DENIM transforms loss into luxury.
     
    In a world of over-consumption, E.L.V. DENIM challenges convention. It’s fabric-first curated sourcing of pre-loved garments ensures every piece is unique and innovative designs create pieces to last a lifetime. Founder and Creative Director Anna Foster launched E.L.V. DENIM to redefine the perfect fit in denim, ensuring every pair of ‘off the rack’ jeans feels like it is tailor made. In addition, it is the first denim brand to launch a jean that can adapt to the wearer’s life with built-in seam allowances for effortless tailoring.
     
    In 2023 the brand extended beyond denim and into new categories; upcycling corduroy, shirting, tailoring, leather and cotton, helping to protect the environment for future generations and proving that a completely circular fashion model can be a success.
     
    All production takes place in East London, minimising carbon footprint and supporting our local
    community of ateliers. The brand has a holistic approach to sustainability and zero-waste, all parts of the jeans are used to make new products, scraps are constructed into sheets of patchwork fabrics and the smaller threads are turned into denim paper.
     
    [1] Our washing machines with AI energy mode* can reduce your energy consumption by up to 70%** * Available on Android and iOS devices. A Wi-Fi connection and a Samsung account are required. ** Based on internal testing on the WW7000D models on a Cotton 40 degrees wash with the AI Energy Mode turned on compared to not using AI Energy Mode.
     
    [2] The Less Microfiber cycle works to make clothes shed less microplastics, which are discharged into the drain water. By adjusting the motor’s revolution speed and washing intensiveness, the Less Microfiber cycle reduces the amount of microfiber released into the drain by up to 54%. Based on testing by the Ocean Wise Plastics Lab using a 2kg load of 100% polyester hoodies, comparing the Synthetics cycle on a Samsung conventional model WW4000T and the Less Microfiber cycle on the WW7000B. Results may vary depending on the actual clothes and usage conditions.
     
    [3] Available on Android and iOS devices. A Wi-Fi connection and a Samsung account are required.
     
    [4] Based on internal testing on the WW7000D models on a Cotton 40 degrees wash with the AI Energy Mode turned on compared to not using AI Energy Mode.
     
    [5] Tested with 2kg load of 100% polyester hoodies, comparing Synthetics cycle on Samsung Conventional model WW4000T and the Less Microfiber Cycleon WW9400B. The results may be different depending on the clothes and environment. Tested at the Ocean Wise Plastics Lab. Newsroom post here.
     
    [6] “Fashion’s tiny hidden secret”, United Nations Environment Programme (unep.org/news-and-stories/story/fashions-tiny-hidden-secret).
     
    [7] Tested at Ocean Wise Plastics Lab on the WW90T734DWH model (using Synthetic cycle, approximately 2kg load of synthetic textile laundry) comparing the amount of microfiber released with and without the Less Microfiber Filter installed. The amount is calculated by filtering drain water through a 50um filter. Results may vary depending on clothes and environment.
     
    [8] Tested at Ocean Wise Plastics Lab on the WW90T734DWH model (using Synthetic cycle, approximately 2kg load of synthetic textile laundry) comparing the amount of microfiber released with and without the Less Microfiber Filter installed. The amount is calculated by filtering drain water through a 50um filter. One wash cycle’s reduction amount of 0.627g is based on a 5kg load (0.125g/kg x 5kg). Annual reduction amount (132g) is calculated based on 210 cycles (4 times a week, 52 weeks) and 5kg load on each cycle. 500㎖ bottle weight (15.4g) is based on the Korea Ministry of Environment’s guideline on plastic bottles.
     
    [9] Data source: https://www.euronews.com/living/2019/07/14/eco-washing-your-way-to-a-cleaner-planet
     

    MIL OSI Global Banks –

  • MIL-OSI USA: UConn Study Shows Tagatose May Combat Antibiotic-Resistant C. difficile Infections

    Source: US State of Connecticut

    A new UConn study reveals that tagatose, a plant-based sugar alternative, shows promise in mitigating Clostridioides difficile (C. difficile) infection, particularly those resistant to antibiotics. A pilot study conducted in a mouse model suggests that tagatose could offer a novel nutraceutical approach to combat this growing public health threat.

    C. difficile is a leading cause of hospital-acquired infections, with strains increasingly exhibiting antibiotic resistance. Current treatments often involve broad-spectrum antibiotics, which can further disrupt the gut microbiome, exacerbating the infection cycle. This has created an urgent need for alternative strategies.

    The UConn study, led by Kumar Venkitanarayanan, PhD, associate dean for research and graduate studies at the College of Agriculture, Health and Natural Resources (CAHNR), investigated the effect of tagatose supplementation on C. difficile infection in mice. The results demonstrated that tagatose consumption not only proved safe for animals but also significantly reduced infection symptoms and severity.

    “Our research indicates that tagatose has the potential to reduce C. difficile infection through multiple mechanisms,” says Venkitanarayanan. “Its prebiotic properties appear to promote a healthier gut microbiome, while preliminary evidence suggests it may also inhibit the production of bacterial toxins. This dual action could be particularly valuable in addressing antibiotic-resistant strains.”

    Tagatose is a naturally occurring monosaccharide found in small quantities in some fruits and grains. It is approximately 92% as sweet as sucrose but with a significantly lower caloric value and glycemic index. Tagatose has been FDA approved for over 20 years and is used as a low-calorie sweetener in various food products. It also has NutraStrong™ prebiotic verified certification.

    Bonumose, Inc., an enzyme solutions company with a scalable process for producing high-purity, plant-based tagatose, is collaborating with UConn and exploring the commercial potential of UConn’s research.

    The study was conducted under a sponsored research agreement, which was successfully negotiated with the support of UConn’s Technology Commercialization Services. As a result of this collaboration, Bonumose currently holds an option license to the technology.

    “We are very excited about the outcomes of this sponsored research,” says Amit Kumar, PhD. “We believe these results will play a crucial role in advancing the development of this technology, bringing it closer to real-world impact.”

    The UConn study adds to a growing body of evidence supporting the prebiotic and health-promoting properties of tagatose.

    “The data from this UConn study supports what we already know about tagatose and gut health. Tagatose has the rare ability to not only feed good bacteria in the gut but to also inhibit the toxins produced by harmful bacteria,” says Karen Weikel, PhD, vice president of regulatory & nutrition at Bonumose.

    Further research is planned to investigate the specific mechanisms of action and to evaluate its efficacy in clinical trials.

    “The affordability and accessibility of tagatose make it a promising candidate for a nutraceutical intervention. We are committed to exploring tagatose’s full potential in addressing C. difficile and other related health challenges. UConn’s research reinforces the significance of tagatose not only as a benign and delicious replacement for sugar in food production, but also as an ingredient with beneficial health effects,” Ed Rogers, Bonumose CEO.

    This work relates to CAHNR’s Strategic Vision area focused on Enhancing Health and Well-Being Locally, Nationally, and Globally.

    Follow UConn CAHNR on social media

    MIL OSI USA News –

  • MIL-OSI: Red Cat Holdings Proud to Announce Teal’s Black Widow™ and FlightWave’s Edge 130 Selected as Winners of the Blue UAS Refresh     

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, Feb. 24, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that its Black Widow drone and FlightWave Edge 130 were included on the list of 23 platforms and 14 unique components and capabilities selected as winners of the Blue UAS Refresh. The platforms will undergo National Defense Authorization Act (NDAA) verification and cyber security review with the ultimate goal of joining the Blue UAS List.

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

    “We applaud the DIU’s ongoing diligence and focus on U.S. drone manufacturing,” said Jeff Thompson, Red Cat CEO. “The inclusion of both Teal’s Black Widow and FlightWave’s Edge 130 in the NDAA verification and cyber security review underscores our dedication to providing safe and secure solutions for the U.S. military and the warfighters that use them. As national security concerns around drone technology continue to grow, our systems ensure that the military and government agencies have access to reliable, mission-ready platforms.”

    Teal’s Black Widow is Red Cat’s small unmanned aerial system (sUAS) designed for short-range reconnaissance (SRR) missions. The system, which was down selected for the U.S. Army’s SRR Program of Record contract, provides military operators with improved situational awareness, autonomous capabilities, and rugged performance in contested environments. The company recently announced a partnership with Palantir to integrate Visual Navigation software (VNav) into Red Cat’s Black Widow drones.

    FlightWave’s Edge 130 is a high-endurance vertical takeoff and landing (VTOL) drone engineered for medium-range intelligence, surveillance, and reconnaissance (ISR) operations. Its modular payload system and extended flight capabilities make it a versatile asset for defense and government missions.

    Inclusion in the review continues Red Cat’s legacy of having Blue listed solutions, including Teal 2 and Golden Eagle. Pending inclusion in the updated Blue UAS approved list, Red Cat’s drones can continue to be easily procured by the U.S. Department of Defense, federal agencies, and allied partners, eliminating lengthy waiver processes and ensuring rapid deployment to the field.

    For more information on Red Cat’s approved Blue UAS products, visit www.redcat.red or the official DIU Blue UAS page at www.diu.mil/blue-uas.

    About Red Cat Holdings, Inc.

    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a Family of Systems. This includes the Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed-wing VTOL for extended endurance and range, and FANG™, the industry’s first line of NDAA-compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

    Forward Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    The MIL Network –

  • MIL-OSI: Houston American Energy Corp. Enters Definitive Agreement to Acquire Abundia Global Impact Group, Expanding into Renewable Fuels and Chemicals

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, TX, Feb. 24, 2025 (GLOBE NEWSWIRE) — Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) today announced that it has entered into a definitive agreement to acquire Abundia Global Impact Group, LLC (“AGIG”), a company specializing in converting waste into high value fuels and chemicals. The acquisition supports HUSA’s strategy to diversify its portfolio, expand its global footprint and execute its comprehensive strategy aimed at driving shareholder value through innovation in the renewable energy sector. The agreement is subject to HUSA shareholder approval and standard closing conditions.

    Under the terms of the agreement, HUSA will acquire 100% of AGIG’s issued and outstanding units from AGIG’s members and HUSA will issue to AGIG’s members a number of shares of HUSA common stock which shall equal 94% of HUSA’s aggregate issued and outstanding common stock at the time of the Closing. AGIG is preparing to build its first advanced plastic recycling facility in Cedar Port, Texas. The facility represents the first phase of a structured, capital-efficient growth plan aimed at scaling and deploying AGIG’s suite of technologies for producing renewable fuels and chemicals from waste.

    Building a Scalable, Sustainable Business in Renewable Fuels

    “The AGIG acquisition aligns with our strategy to position HUSA into the multi-billion dollar renewable energy market” said Peter Longo, CEO of Houston American Energy Corp. “AGIG has developed a commercially ready project for converting waste into valuable fuels and chemicals, and this transaction gives HUSA shareholders a ready-made platform and project pipeline for future value generation. We are witnessing the growing momentum of the fuel and chemical industry’s transformation into alternative solutions like recycled chemical alternatives and the highly publicized sustainable aviation fuel market.”

    A Structured Path to Growth

    AGIG’s Cedar Port facility will serve as the hub for its five-year development plan in the US. This facility will be designed to scale production capacity while maintaining capital discipline. The company’s proven upgrading processes, strategic technology partnerships, and established industry relationships are expected to provide a clear path to commercialization.

    “The consummation of this transaction represents a major milestone for AGIG, demonstrating our commitment to drive shareholder value through strategic commercial opportunities,” said AGIG CEO Ed Gillespie. “We are excited to use this platform to support the deployment and development of our suite of technologies that will assist in the evolution of fuel, chemical and waste markets, providing commercial alternatives and sustainable products.”

    Looking Ahead

    HUSA and AGIG will continue working toward a structured integration and execution plan, with additional updates expected in the coming months as the acquisition advances toward closing and AGIG further develops its business. HUSA expects to close on the AGIG acquisition early in the second quarter.

    About HUSA

    HUSA is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Our principal properties, and operations, are in the U.S. Permian Basin and the South American country of Colombia. Additionally, we have properties in the Louisiana U.S. Gulf Coast region. For more information, please visit: https://houstonamerican.com/

    About AGIG

    AGIG develops scalable technologies for converting plastic and biomass waste into renewable fuels and chemicals. AGIG’s focus on commercial readiness, capital efficiency, and strategic industry partnerships supports a disciplined path to growth in sustainable energy markets.

    Important Information About the Proposed Acquisition and Where to Find It

    For additional information on the proposed transaction, see HUSA’s Current Report on Form 8-K, which will be filed concurrently with this press release. In connection with the proposed acquisition, HUSA intends to file relevant materials with the SEC, including a proxy statement, and will file other documents regarding the proposed acquisition with the SEC. HUSA’s stockholders and other interested persons are advised to read, when available, the proxy statement and documents incorporated by reference therein filed in connection with the proposed acquisition, as these materials will contain important information about AGIG and HUSA and the acquisition. HUSA will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the meeting relating to the approval of the acquisition and other proposals set forth in the proxy statement. Before making any voting or investment decision, investors and stockholders of HUSA are urged to carefully read the entire proxy statement, when available, and any other relevant documents filed with the SEC, as well as any amendments or supplements thereto, because they will contain important information about the proposed acquisition. The documents filed by HUSA with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov, or by directing a request to HUSA at 801 Travis Street, Suite 1425, Houston, Texas 77002.

    Participants in the Solicitation

    HUSA and certain of its directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from HUSA’s stockholders in connection with the proposed transaction. A list of the names of those directors and executive officers and a description of their interests in HUSA will be included in the proxy statement for the proposed acquisition when available at www.sec.gov. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement pertaining to the proposed acquisition when it becomes available. These documents can be obtained free of charge from the source indicated above.

    AGIG and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of HUSA in connection with the proposed acquisition. A list of the names of such directors and executive officers and information regarding their interests in the proposed acquisition will be included in the proxy statement for the proposed acquisition.

    Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement filed with the SEC. Stockholders, potential investors, and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

    Cautionary Note Regarding Forward-Looking Information:

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is based on management’s current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking information in this news release may include, but are not limited to, statements with respect to (i) AGIG’s growth prospects and market size; (ii) AGIG’s projected financial and operational performance; (iii) new product and service offerings by AGIG may introduce in the future; (iv) the potential acquisition, including the likelihood and ability of the parties to consummate the potential acquisition successfully; (v) the risk the proposed acquisition may not be completed in a timely manner or at all, which may adversely affect the price of HUSA’s securities; (vi) the failure to satisfy the conditions to the consummation of the proposed acquisition, including the approval of the proposed acquisition by the stockholders of HUSA (vii) the effect of the announcement or pendency of the proposed acquisition on HUSA’s or AGIG’s business relationships, performance and business generally; (viii) the outcome of any legal proceedings that may be instituted against HUSA or AGIG related to the proposed acquisition or any agreement related thereto; (ix) the ability to maintain the listing of HUSA on NYSE American; (x) the price of HUSA’s securities, including volatility resulting from changes in the competitive and regulated industry in which AGIG operates, variations in performance across competitors, changes in laws and regulations affecting AGIG’s business; (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed acquisition and identify and realize additional opportunities; and (xii) other statements regarding HUSA’s or AGIG’s expectations, hopes, beliefs, intentions and strategies regarding the future.

    In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject, are subject to risks and uncertainties.

    With respect to the forward-looking information contained in this news release, the company has made numerous assumptions. While the company considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing our business is disclosed in our Annual Report on Form 10-K and other filings with the SEC on www.sec.gov. You should carefully consider those risks and uncertainties, as well as those described in the “Risk Factors” section of HUSA’s proxy statement relating to the proposed acquisition, which is expected to be filed by HUSA with the SEC, other documents filed by HUSA from time to time with SEC, and any risk factors made available to you in connection with HUSA, AGIG, and the proposed acquisition. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond the control of HUSA and AGIG) and other assumptions, that may cause the actual results or performance to be materially different from those expressed or implied by these forward-looking statements. HUSA and AGIG caution that the foregoing list of factors is not exclusive.

    All forward-looking information herein is qualified in its entirety by this cautionary statement, and the company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

    No Offer or Solicitation

    This press release relates to a proposed acquisition between HUSA and AGIG, and does not constitute a proxy statement or solicitation of a proxy and does not constitute an offer to sell or a solicitation of an offer to buy the securities of HUSA or AGIG, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

    For additional information, view the company’s website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

    The MIL Network –

  • MIL-OSI Video: “Ukraine as a nation stands stronger than ever before” #Davos2025 #WorldEconomicForum #OlafScholz

    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=PJyHp3Wme1Y

    MIL OSI Video –

  • MIL-OSI Video: Ursula von der Leyen: A free and sovereign Ukraine is in the interest of the entire world

    Source: European Commission (video statements)

    February 24, 2022, marked a turning point for Europe. Today, we honor Ukraine’s fallen heroes and stand with those defending their country.

    The EU has provided €134 billion in support, with a new €3.5 billion package arriving in March. We are accelerating arms deliveries, strengthening Ukraine’s economy and energy security, and integrating its electricity market with the EU by 2025.

    A free and sovereign Ukraine is not only in the European interest. It’s also in the interest of the entire world. An investment in Ukraine’s sovereignty is an investment in preventing future wars.
    Slava Ukraini
    Watch on the Audiovisual Portal of the European Commission: https://audiovisual.ec.europa.eu/en/video/I-268103
    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=CMU4fxIZ1_I

    MIL OSI Video –

  • MIL-OSI: MPLAB® XC Unified Compiler Licenses Deliver Streamlined Software Management

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., Feb. 24, 2025 (GLOBE NEWSWIRE) — Offering an efficient way to manage multiple licenses, Microchip Technology (Nasdaq: MCHP) has launched MPLAB® XC Unified Compiler Licenses for its MPLAB XC8, XC16, XC-DSC and XC32 C compilers. This unified approach addresses the financial strain and administrative burden of purchasing and managing separate software access models for each compiler. Microchip’s solution consolidates the necessary licenses to reduce overhead and provide greater flexibility, scalability and ease of use.

    The unified system is designed to accommodate evolving development needs, offering multiple tiers to suit growing teams. The Workstation License can be installed and executed on up to three host machines for use by a single engineer. The Network Server License allows installation on a server, accessible by any machine on the network, one at a time. The Subscription License is similar to the Workstation License and features a monthly renewal option. A Multi-Seat Network License can be accessed simultaneously by multiple machines or users.

    “Typically, developers need separate licenses for each compiler they work with, which can be complicated and expensive. Our goal with the MPLAB XC Unified Complier License is to make it easy to work with Microchip tools,” said Rodger Richey, vice president of development systems and academic programs at Microchip. “Unified licensing provides an efficient and cost-effective solution, freeing up teams to focus on innovation and to expedite the product development process.”

    MPLAB XC Compilers help streamline the design process with a toolchain of compatible compilers and debuggers and programmers that integrate with the MPLAB X Integrated Development Environment (IDE), MPLAB Xpress IDE, MPLAB Integrated Programming Environment (IPE) and MPLAB Extensions for VS Code®. The compilers support Linux®, macOS® and Windows® operating systems, giving designers the ability work in their preferred platform for embedded development. To learn more visit our MPLAB XC Compiler website.

    Pricing and Availability
    Pricing varies based on license options and user seats. For additional information and to purchase, contact a Microchip sales representative, authorized worldwide distributor or visit Microchip’s Purchasing and Client Services website, www.microchipdirect.com. A Microchip development systems representative will be onsite during Embedded World (March 11-13, 2025) to answer questions and live chat will be available as part of MPLAB X IDE version 6.25, which will be released the first week of March.

    Resources
    High-res images available through Flickr or editorial contact (feel free to publish):

    About Microchip Technology:
    Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve over 100,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    Note: The Microchip name and logo, the Microchip logo and MPLAB are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [ALLIANCE PHARMA PLC – 21 02 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ALLIANCE PHARMA PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 21 FEBRUARY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 12,188,561 2.2548    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 12,188,561 2.2548    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 5,836 60.8605p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 24 FEBRUARY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC – 21 02 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LEARNING TECHNOLOGIES GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 21 FEBRUARY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.375p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 9,011,268 1.1371    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 9,011,268 1.1371    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SALE 22,103 99.2131p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 24 FEBRUARY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI United Kingdom: UK announces largest sanctions package against Russia since 2022

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK announces largest sanctions package against Russia since 2022

    Three years on from President Putin’s full-scale invasion of Ukraine, the UK has today imposed over 100 new sanctions directly targeting those who continue to aid the invasion.

    • 107 new sanctions announced as UK unleashes our largest sanctions package since the early days of the invasion. 

    • Milestone package targets Russian military supply chains, revenues fuelling Putin’s illegal war, and Kleptocrats driving profits for the Kremlin. 

    • Strengthening Ukraine’s hand will help to build a secure and prosperous Europe and UK – a foundation of the government’s Plan for Change.

    Today’s measures will target funds going into Putin’s war chest and propping up Russia’s kleptocratic system.   

    As the Prime Minister said last week, we are facing a once in a generation moment for the collective security of our continent.  The UK is working with our Allies to put Ukraine in the best position to achieve peace through strength. Today’s action is a further step towards this.  

    The sanctions will also target Russia’s military machine, entities in third countries who support it and the fragile supply networks that it relies on.   

    Targets include:  

    • Producers and suppliers of machine tools, electronics and dual-use goods for Russia’s military, including microprocessors used in weapons systems. These are based in a range of third countries including Central Asian states, Turkey, Thailand, India and China, which is the largest supplier of critical goods for Russia’s military.  

    • North Korean Defence Minister No Kwang Chol and other North Korean generals and senior officials complicit in deploying over 11,000 DPRK forces to Russia. Putin is using DPRK forces as cannon fodder; DPRK has suffered over 4,000 casualties.  

    • 13 Russian targets, including LLC Grant-Trade, its owner Marat Mustafaev and his sister Dinara Mustafaeva, who have used the company to funnel advanced European technology into Russia to support its illegal war.  

    For the first time, we are also using new powers to target foreign financial institutions supporting Russia’s war machine.  We are sanctioning the Kyrgyzstan-based OJSC Keremet Bank, disrupting Russia’s use of the international financial system to support its war efforts.

    Foreign Secretary, David Lammy said:

    Today’s action, the largest in almost three years, underscores the UK’s commitment to Ukraine.    

    Every military supply line disrupted, every rouble blocked, and every enabler of Putin’s aggression exposed is a step towards a just and lasting peace, and towards security and prosperity in the UK as a part of this government’s Plan for Change. 

    Lasting peace will only be achieved through strength. That is why we are focused on putting Ukraine in the strongest possible position.      

    As the world marks the grim milestone of Putin’s full-scale invasion entering its fourth year, we cannot and will not turn our backs on Ukraine in their fight for our shared security.

    Keeping the country safe is the Government’s first priority and an integral part of the Prime Minister’s Plan for Change. Sanctions against Russia’s military machine and the revenues fuelling it will improve the chances of a just and lasting peace in Ukraine, which will benefit security and prosperity in the UK.  

    The new sanctions will put further pressure on Putin’s energy revenues, the most vital source of funding for his illegal invasion. They include specification of another 40 ‘shadow fleet’ ships carrying Russian oil. These vessels have collectively carried more than $5 billion worth of Russian oil and oil products in the last six months alone. The specifications bring the total number of oil tankers sanctioned by the UK to 133 – the highest of any nation in Europe.  

    Finally, we are sanctioning 14 ‘New Kleptocrats’, some of whom are fronting up strategic sectors of Russia’s economy.  Among them are Roman Trotsenko, one of the wealthiest men in Russia, worth £2.2 billion.  

    After three years of the full-scale invasion, Ukrainians continue to defend their country and way of life with ingenuity and courage. They have shown that with the right support they can defend themselves against Russian aggression. Today’s action will strengthen Ukraine’s hand at a critical time in their fight for our shared security.

    Background

    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Speech: PM remarks at a meeting convened by President Zelenskyy to mark three years since the full-scale invasion of Ukraine: 24 February 2025

    Source: United Kingdom – Prime Minister’s Office 10 Downing Street

    Speech

    PM remarks at a meeting convened by President Zelenskyy to mark three years since the full-scale invasion of Ukraine: 24 February 2025

    Prime Minister Keir Starmer delivered a speech this morning at a meeting of world leaders to mark three years since the full-scale invasion of Ukraine.

    Thank you very much – colleagues, let me start with Volodymyr and saying on this day of all days, I want to pay tribute to your leadership Volodymyr. And friends – it’s right that we mark this grim anniversary together. For three years we have been united in opposition to Russia’s barbaric invasion. And for three years we have been full of admiration for the incredible response of the Ukrainian people.

    Their voices must be must at the heart of the drive for peace. And I want to be clear – I hear them. I think of the soldiers and civilians that I met in Kyiv just a few weeks ago in the ICU, in the burns unit… The witnesses to the horror of Bucha… The school children I met living under constant bombardment… The soldiers training in the UK, bound for the frontline… Their voices echo in my ears – They inform the decisions I take – and the peace that I believe we must see.

    So I have a very simple, clear message today: the UK is with you. Today and every day. From His Majesty the King… To the NHS workers volunteering in hospitals in Ukraine… To the communities that took Ukrainian refugees to their heart. And that’s why I signed our 100-year partnership with President Zelenskyy last month – Because we believe in Ukraine’s fight today, and the country’s incredible potential to thrive in the years to come.

    This is a time for unity. In this crucial moment as talks begin – we must work together to shape the outcome.

    Russia does not hold all the cards in this war… Because the Ukrainians have the courage to defend their country… Because Russia’s economy is in trouble… And because they have now lost the best of their land forces and their Black Sea Fleet in this pointless invasion. So we must increase the pressure even further to deliver an enduring peace, not just a pause in fighting. We can do that in three ways.

    First, by stepping up our military support to Ukraine. The UK is doing that… Providing £4.5bn in military aid this year – more than ever before. We’re doing more than ever to train Ukrainian troops, helping Ukraine to mobilise even further… And we’re proud to have taken on the leadership of the Ukraine Defence Contact Group.

    Secondly, we must keep dialling up the economic pressure… To get Putin to a point where he is ready not just to talk, but to make concessions. So today we’re announcing the UK’s largest package of sanctions since the early days of the war… Going after Russia’s shadow fleet… And going after companies in China and elsewhere who are sending military components.
    Later today I will be discussing further steps with the G7 – And I am clear that the G7 should be ready to take on more risk – Including on the oil price cap… Sanctioning Russia’s oil giants… And going after the banks that are enabling the evasion of sanctions.

    Third, we must bring our collective strength to the peace effort.
    President Trump has changed the global conversation over the last few weeks. And it has created an opportunity. Now, we must get the fundamentals right.

    If we want peace to endure, Ukraine must have a seat at the table… And any settlement must be based on a sovereign Ukraine… Backed up with strong security guarantees. The UK is ready and willing to support this with troops on the ground – With other Europeans, and with the right conditions in place.
    And ultimately a US backstop will be vital to deter Russia from launching another invasion in just a few years’ time.

    So we will do everything we can to get the best outcome for Ukraine – and for us all. Let me close with one of those voices I mentioned earlier – A patient called Petro, from the burns unit I visited in Kyiv. He said to me… “If Ukraine fails, Europe will be next.” That is what’s at stake here. That is why we will always stand with Ukraine, and with our allies… Against this aggression… And for a just and lasting peace. Slava Ukraini.

    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Economics: RBI imposes monetary penalty on Mahila Sahakari Bank Ltd., Dist. Vadodara, Gujarat

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated February 19, 2025, imposed a monetary penalty of ₹25,000/- (Rupees Twenty Five Thousand only) on Mahila Sahakari Bank Ltd., Dist. Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

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

    The bank had failed to upload the KYC records of customers onto Central KYC Records Registry (CKYCR) within the prescribed timeline.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2239

    MIL OSI Economics –

  • MIL-OSI Video: The Arc of Progress in the 21st Century | World Economic Forum Annual Meeting 2025

    Source: World Economic Forum (video statements)

    Looking at global headlines today, it’s hard not to feel pessimism. Have recent wars, pandemics and autocracies made the idea of progress obsolete?

    Cognitive scientist Steven Pinker uses data and psychology to provide a fresh perspective on progress: why it is so hard to achieve and what ideas were responsible for progress in the past and will be needed for progress to continue?

    Speakers: Steven Pinker

    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=wFlsHFMz2Fc

    MIL OSI Video –

  • MIL-OSI Europe: President Meloni meets with the President of the United Arab Emirates

    Source: Government of Italy (English)

    24 Febbraio 2025

    The President of the Council of Ministers, Giorgia Meloni, met with the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, at Palazzo Chigi today. President Meloni later delivered a speech at the Italy-UAE Business Forum at the Hotel Parco dei Principi in Rome.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: PM remarks at a meeting convened by President Zelenskyy to mark three years since the full-scale invasion of Ukraine: 24 February 2025

    Source: United Kingdom – Executive Government & Departments

    Speech

    PM remarks at a meeting convened by President Zelenskyy to mark three years since the full-scale invasion of Ukraine: 24 February 2025

    Prime Minister Keir Starmer delivered a speech this morning at a meeting of world leaders to mark three years since the full-scale invasion of Ukraine.

    Thank you very much – colleagues, let me start with Volodymyr and saying on this day of all days, I want to pay tribute to your leadership Volodymyr. And friends – it’s right that we mark this grim anniversary together. For three years we have been united in opposition to Russia’s barbaric invasion. And for three years we have been full of admiration for the incredible response of the Ukrainian people.

    Their voices must be must at the heart of the drive for peace. And I want to be clear – I hear them. I think of the soldiers and civilians that I met in Kyiv just a few weeks ago in the ICU, in the burns unit… The witnesses to the horror of Bucha… The school children I met living under constant bombardment… The soldiers training in the UK, bound for the frontline… Their voices echo in my ears – They inform the decisions I take – and the peace that I believe we must see.

    So I have a very simple, clear message today: the UK is with you. Today and every day. From His Majesty the King… To the NHS workers volunteering in hospitals in Ukraine… To the communities that took Ukrainian refugees to their heart. And that’s why I signed our 100-year partnership with President Zelenskyy last month – Because we believe in Ukraine’s fight today, and the country’s incredible potential to thrive in the years to come.

    This is a time for unity. In this crucial moment as talks begin – we must work together to shape the outcome.

    Russia does not hold all the cards in this war… Because the Ukrainians have the courage to defend their country… Because Russia’s economy is in trouble… And because they have now lost the best of their land forces and their Black Sea Fleet in this pointless invasion. So we must increase the pressure even further to deliver an enduring peace, not just a pause in fighting. We can do that in three ways.

    First, by stepping up our military support to Ukraine. The UK is doing that… Providing £4.5bn in military aid this year – more than ever before. We’re doing more than ever to train Ukrainian troops, helping Ukraine to mobilise even further… And we’re proud to have taken on the leadership of the Ukraine Defence Contact Group.

    Secondly, we must keep dialling up the economic pressure… To get Putin to a point where he is ready not just to talk, but to make concessions. So today we’re announcing the UK’s largest package of sanctions since the early days of the war… Going after Russia’s shadow fleet… And going after companies in China and elsewhere who are sending military components.
    Later today I will be discussing further steps with the G7 – And I am clear that the G7 should be ready to take on more risk – Including on the oil price cap… Sanctioning Russia’s oil giants… And going after the banks that are enabling the evasion of sanctions.

    Third, we must bring our collective strength to the peace effort.
    President Trump has changed the global conversation over the last few weeks. And it has created an opportunity. Now, we must get the fundamentals right.

    If we want peace to endure, Ukraine must have a seat at the table… And any settlement must be based on a sovereign Ukraine… Backed up with strong security guarantees. The UK is ready and willing to support this with troops on the ground – With other Europeans, and with the right conditions in place.
    And ultimately a US backstop will be vital to deter Russia from launching another invasion in just a few years’ time.

    So we will do everything we can to get the best outcome for Ukraine – and for us all. Let me close with one of those voices I mentioned earlier – A patient called Petro, from the burns unit I visited in Kyiv. He said to me… “If Ukraine fails, Europe will be next.” That is what’s at stake here. That is why we will always stand with Ukraine, and with our allies… Against this aggression… And for a just and lasting peace. Slava Ukraini.

    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Brown & Brown, Inc. names Stephen P. Hearn as executive vice president and chief operating officer

    Source: GlobeNewswire (MIL-OSI)

    DAYTONA BEACH, Fla., Feb. 24, 2025 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE: BRO) (the “Company”) has announced the appointment of Stephen P. Hearn, an insurance industry veteran who joined the Company’s board of directors in August 2024, as executive vice president and chief operating officer. In connection with this appointment, Hearn has resigned from the Company’s board of directors and will join the Company’s operating committee.

    As chief operating officer, Hearn will apply the extensive knowledge he has acquired during his impressive 35-year career to help inform and guide Brown & Brown’s continued growth strategy. Hearn will help shape the Company’s continued focus on scaling operations, fostering innovation, and growing and developing a talented team.

    Powell Brown, Brown & Brown’s president and chief executive officer, shared, “Steve has been a good friend of the firm, and of mine, for more than 20 years. We have worked and traded together, and we are so pleased to welcome him to the team. He has made great contributions to Brown & Brown during his time on the board. As we work towards our next interim revenue goal of $8 billion, we believe the timing is right to have Steve join the organization to help drive operational excellence and scale, while we continue to further our position as a leading global provider of insurance solutions. We are at an exciting stage of our growth journey, and leveraging Steve’s deep relationships and global experience further enables us to identify like-minded organizations to join Brown & Brown and to attract, recruit, develop and retain the best and brightest insurance professionals.”

    “Brown & Brown is an incredible, dynamic organization, and I feel very fortunate that the skills and experience I have acquired during my career are viewed as force multipliers for the work already being done within the company. Our shared focus and a commitment to relationships and people—customers, teammates, carrier partners, shareholders and those in our communities—make this opportunity all the more exciting,” said Hearn.

    Hearn began his insurance career in 1989, most recently holding roles with The Ardonagh Group. During his time with The Ardonagh Group, he served as chief executive officer of Ardonagh Specialty Holdings Limited (November 2021 – September 2022); as chief executive officer of Ardonagh Capital Solutions Holdings, The Ardonagh Group’s holding company for its reinsurance broking, captives and MGA businesses (February 2023 – July 2024); and as chief executive officer of Inver Re, The Ardonagh Group’s dedicated reinsurance broking unit (November 2021 – July 2024). He also served as a director of Ardonagh International from May 2023 to July 2024. Previously, he served as chief executive officer of Corant Global, a subsidiary of BGC Partners, Inc. (“BGC”) (February 2019 until the November 2021 sale of BGC’s insurance brokerage division to The Ardonagh Group) and as the chief executive officer of Ed Broking Group Limited (2015 until its February 2019 acquisition by BGC). Hearn held roles with Willis Group Holdings plc and its businesses from 2008 until 2015, including president and deputy chief executive officer of Willis Group Holdings plc, chief executive officer of Willis Re, chairman and chief executive officer of Willis Global and chief executive officer of Willis Limited. Prior to that, he held senior leadership positions with Hilb, Rogal & Hobbs; Glencairn Limited; Marsh Affinity Europe & Middle East; Marsh Affinity UK and Sedgwick Affinity Group Services.

    About Brown & Brown Inc.

    Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm providing enhanced customer-centric risk management solutions since 1939. With a global presence spanning 500+ locations and a team of more than 17,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at bbinsurance.com.

    This press release may contain certain forward-looking statements relating to future results. These statements are not historical facts but instead represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown’s control. It is possible that Brown & Brown’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.

    For more information:

    R. Andrew Watts
    Chief Financial Officer
    (386) 239-5770

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Anaergia Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 24, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Anaergia Inc. (TSX: ANRG; OTCQX: ANRGF), a company that develops renewable energy from biogas through advanced anaerobic digestion of organic residues, has qualified to trade on the OTCQX® Best Market. Anaergia Inc. upgraded to OTCQX from the Pink® market.

    Anaergia Inc. begins trading today on OTCQX under the symbol “ANRGF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors.  For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    “Being traded on the OTCQX Market is an important milestone for Anaergia,” stated Assaf Onn, CEO of Anaergia. “With a presence spanning five continents and executive offices in California, trading on OTCQX not only enhances our international appeal to investors but also underscores our global presence as the technology leader in our industry,” added Mr. Onn.

    About Anaergia Inc.
    Anaergia is a pioneering technology company in the renewable natural gas (RNG) sector, with over 250 patents dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. We are committed to addressing a significant source of greenhouse gases (GHGs) through cost-effective processes. Our proprietary technologies, combined with our engineering expertise and vast experience in facility design, construction, and operation, position Anaergia as a leader in the RNG industry. With a proven track record of delivering hundreds of innovative projects over the past decade, we are well-equipped to tackle today’s critical resource recovery challenges through diverse project delivery methods. As one of the few companies worldwide offering an integrated portfolio of end-to-end solutions, we effectively combine solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production. Additionally, we operate RNG facilities owned by both third parties and Anaergia. This comprehensive approach not only reduces environmental impact but also significantly lowers costs associated with waste and wastewater treatment while mitigating GHG emissions.

    For further information please see: www.anaergia.com

    For media and/or investor relations please contact: IR@Anaergia.com

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI: CareCloud to Announce Fourth Quarter and Full Year 2024 Results on March 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology and generative AI solutions for medical practices and health systems nationwide, will release its financial results for the fourth quarter and full year ended December 31, 2024 before the market opens on Thursday, March 13, 2025. The Company will follow with a conference call for investors at 8:30 a.m. Eastern Time.

    The live webcast of the conference call and related presentation slides can be accessed at ir.carecloud.com/events. An audio-only option is available by dialing 201-389-0920 and referencing “CareCloud Fourth Quarter 2024 Results Conference Call.” Investors who opt for audio-only will need to download the related slides at ir.carecloud.com/events.

    A replay of the conference call and related presentation slides will be available approximately three hours after conclusion of the call at the same link. An audio-only option can also be accessed by dialing 412-317-6671 and providing the access code 13751992.

    About CareCloud

    CareCloud (Nasdaq: CCLD, CCLDP, CCLDO) brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at www.carecloud.com.

    Follow CareCloud on LinkedIn, X and Facebook.

    For additional information, please visit our website at www.carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.

    SOURCE CareCloud

    Company Contact:
    Norman Roth
    Interim Chief Financial Officer and Corporate Controller
    CareCloud, Inc.
    nroth@carecloud.com

    Investor Contact:
    Stephen Snyder
    Co-Chief Executive Officer
    CareCloud, Inc.
    ir@carecloud.com

    The MIL Network –

  • MIL-OSI: Capital City Bank Establishes Chief Banking Officer; Names New Chief Lending Officer

    Source: GlobeNewswire (MIL-OSI)

    TALLAHASSEE, Fla., Feb. 24, 2025 (GLOBE NEWSWIRE) — Capital City Bank announces a newly created executive role of chief banking officer, providing comprehensive oversight of the lending and deposit functions of the Bank with a strategic focus on growth, efficiency and operational cohesion. The position has been filled by Ramsay Sims, a tenured member of the Company’s senior leadership team who brings broad expertise in financial services and effective leadership. Concurrently, William Smith has been promoted to chief lending officer, filling the vacancy left by Sims’ promotion to chief banking officer.

    “Adding this new leadership role positions us for long-term success and sustained excellence as we continue to grow,” said Bill Smith, Capital City Bank Group Chairman, President and CEO. “With Ramsay’s extensive experience, proven track record and demonstrated ability to lead in diverse banking environments, he is well-equipped to drive the strategic goals and objectives of this critical role.”

    As chief banking officer providing high-level oversight of both lending and deposit functions of the Bank, Sims will streamline the strategic direction of these areas, allowing for more efficient management and alignment of growth objectives. Smith will focus on driving the lending strategies of the Bank as chief lending officer under Sims’ direction.

    Capital City Bank Group Chairman, President and CEO Bill Smith added, “Ramsay has been a key contributor to our success since he joined the Bank. I have consistently valued his expertise as a member of our executive leadership team. Likewise, William’s diverse background, impressive achievements and deep understanding of the market will add additional strength to our executive ranks. I am confident that these enhancements to our executive management team will provide a solid foundation for continued progress and future growth.”

    Sims came to Capital City Bank in 2010 and served most recently as chief lending officer. He has amassed decades of experience serving corporations, governments and non-profit organizations in the financial sector. Before joining Capital City Bank, Sims spent five years in public finance with Merrill Lynch, three years in corporate tax-exempt finance with Banc of America Securities and six years with GE Capital. He holds a bachelor’s degree in economics from the University of the South (Sewanee) and a master’s in business administration from Florida State University.

    Smith, who served most recently as North Florida Region executive overseeing an operational area that included Leon, Gadsden, Jefferson, Madison, Taylor and Wakulla counties in Florida and Grady County in Georgia, joined Capital City Bank in 2007 as a management trainee. Over his career, Smith has gained expertise in multiple specialties, including small business, commercial real estate, special assets and private banking. In 2020, he was appointed the market president overseeing Leon County and served three years in that role until being promoted to North Florida Region executive in 2023. Smith demonstrates a deep commitment to community advocacy through service on multiple non-profit boards, including Big Bend Hospice, where he holds the office of treasurer, and the Tallahassee Chamber of Commerce. He is also a member of the Tallahassee Entrepreneurs Organization and Florida Bankers Association Government Relations Council.

    About Capital City Bank Group, Inc.
    Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.3 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 63 banking offices and 104 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., www.ccbg.com.

    For Information Contact:
    Brooke Hallock
    Hallock.Brooke@ccbg.com
    850.402.8525

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8d7d86ca-9eaa-4b27-a720-ce03ed405f6f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/93aea2c1-c40c-48d0-ba61-febe3f386283

    The MIL Network –

  • MIL-OSI: Orca Energy Group Inc. Announces Prepayment of International Finance Corporation Loan, Settlement of Supplementary Gas Sales Agreement and Judgment of the Tanzanian High Court

    Source: GlobeNewswire (MIL-OSI)

    TORTOLA, British Virgin Islands, Feb. 24, 2025 (GLOBE NEWSWIRE) — Orca Energy Group Inc. (“Orca” or the “Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announces that it has permanently prepaid the US$60 million investment (the “Loan“) made by International Finance Corporation (“IFC“) in the Company’s operating subsidiary, PanAfrican Energy Tanzania Limited (“PAET“), pursuant to a loan agreement dated October 29, 2015 among IFC, PAET and the Company (the “Loan Agreement“). To effect the foregoing prepayment, the Company paid to IFC US$30.6 million, representing the aggregate outstanding principal of the Loan together with all accrued interest thereon and all other amounts owing in connection with the Loan as of February 21, 2025.

    As of the date hereof, the annual variable participating interest granted by PAET to IFC under the terms of the Loan Agreement remains outstanding.

    In addition, Orca announces PAET has reached an agreement with Tanzania Petroleum Development Corporation (“TPDC“) and the Tanzania Portland Cement Company Limited (“TPCC“) in respect to the SGSA (defined below). In 2008, PAET, TPDC and TPCC signed a Gas Sale Agreement (“2008 GSA“) for the supply of Additional Gas (defined below) to TPCC’s Wazo Hill plant (“Wazo Hill“). At the same time, TPDC supplied Protected Gas (defined below) to Wazo Hill. In anticipation of the cessation of Protected Gas on July 31, 2024, PAET and TPCC negotiated a Supplementary Gas Sales Agreement (“SGSA“) to supply to Wazo Hill increased volumes of gas to replace Protected Gas. The SGSA is arranged to operate alongside the original 2008 GSA.

    The price of natural gas sold to TPCC is based on the contracted prices as set out in the Amendment Agreement No 2 to the 2008 GSA agreed to in October 2017, plus an estimation of the Songas transportation tariff as determined by the energy regulator, Energy and Water Utilities Regulatory Authority. The gas price under the SGSA is lower than that of the 2008 GSA, affording TPCC a commercially viable blended gas price across the two contracts. Initially, TPDC opposed the SGSA, but an agreement was reached with TPDC in January 2025 and the SGSA was executed, effective August 1, 2024.

    “Additional Gas” and “Protected Gas” as used in the 2008 GSA and SGSA are defined in the Songo Songo Production Sharing Agreement between TPDC, the Government of Tanzania and PAET and the Gas Agreement between the Government of Tanzania, TPDC, Songas Limited (“Songas“) and PAET.

    In addition, Orca announces it has received a judgment (the “Judgment“) from the Tanzanian High Court (Commercial Division) (the “Court“) for a claim brought by a contractor against PAET. The claim was brought by the contractor for losses arising from PAET’s termination of a contract relating to the Company’s 3D seismic acquisition program. The contract was signed in 2022 and works were due to be completed by the end of 2022. However, work only commenced in 2023 and was never completed. Pursuant to the Judgment, the Court ordered specific and general damages in the aggregate of US$23,100,451, plus legal costs and interest at a rate of 7% per annum be paid by PAET to the contractor. PAET respectfully disagrees with the Judgment and is currently preparing to launch an appeal. It is likely PAET will be required to post-security for the full amount of the judgment until the appeal is resolved.

    Jay Lyons, Chief Executive Officer, commented:

    “We are pleased to have successfully prepaid our US$60 million loan with the IFC. We are grateful to the IFC for their financial support with developing the Songo Songo Field for the benefit of the nation of Tanzania. While we acknowledge the Judgment awarded by the Commercial Court regarding the claim by the contractor, we intend to seek a review of the decision and appeal the Judgment, as the Board remain of the view that the Company’s actions with regard to termination of the contract for the 3D seismic program were legally fair and just.

    Taking into account these recent events, Orca continues to possess a robust cash position and is performing in line with previous guidance operationally.”

    Orca Energy Group Inc.

    Orca Energy Group Inc. is an international public company engaged in natural gas development and supply in Tanzania through PAET. Orca trades on the TSX Venture Exchange under the trading symbols ORC.B and ORC.A.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Forward-Looking Information

    Certain information regarding Orca set forth in this news release, including but not limited to Orca’s ability to continue regular distributions to shareholders constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. The words “may”, “will”, “would”, “should”, “could”, “expects”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “predicts”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking information. More particularly, this news release contains, without limitation, forward-looking information pertaining to the following: timing as to when PAET will submit it appeal; that PAET will be required to post-security in respect of the appeal and the timing of such security; the assessment by the Company of the merits of the seeking the appeal; the Company’s liabilities pursuant to the appeal; and that the Company will continues to be in a robust cash position and will continue to perform operationally in line with previous guidance. Forward-looking information, by its very nature, involves inherent risks and uncertainties and is based on several assumptions, both general and specific. Orca cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although believed reasonable at the time they were made, subject to greater uncertainty. Such forward-looking information is not a guarantee of future performance and involves known and unknown risks, uncertainties and other factors which may cause the actual results or performance of Orca to be materially different from the outlook or any future results or performance implied by such information.

    The forward-looking information contained in this news release is provided as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable Canadian securities laws.

    The MIL Network –