Category: Business

MIL-OSI Global: Trump order boosts school choice, but there’s little evidence vouchers lead to smarter students or better educational outcomes

Source: The Conversation – USA – By Charles J. Russo, Joseph Panzer Chair in Education and Research Professor of Law, University of Dayton

Surveys suggest growing support for school choice, such as in Ohio, even as voters reject such policies in referendums. AP Photo/Samantha Hendrickson

The school choice movement received a major boost on Jan. 29, 2025, when President Donald Trump issued an executive order supporting families who want to use public money to send their children to private schools.

The far-reaching order aims to redirect federal funds to voucher-type programs. Vouchers typically afford parents the freedom to select nonpublic schools, including faith-based ones, using all or a portion of the public funds set aside to educate their children.

But research shows that as a consequence, this typically drains funding from already cash-strapped public schools.

We are professors who focus on education law, with special interests in educational equity and school choice programs. While proponents of school choice claim it leads to academic gains, we don’t see much evidence to support this view – but we do see the negative impact they sometimes have on public schools.

The rise of school choice

The vast majority of children in the U.S. attend traditional public schools. Their share, however, has steadily declined from 87% in 2011 to about 83% in 2021, at least in part due to the growth of school choice programs such as vouchers.

Modern voucher programs expanded significantly during the late 1980s and early 1990s as states, cities and local school boards experimented with ways to allow parents to use public funds to send their kids to nonpublic schools, especially ones that are religiously affiliated.

While some programs were struck down for violating the separation of church and state, others were upheld. Vouchers received a big shot in the arm in 2002, when the Supreme Court ruled in Zelman v. Simmons-Harris that the First Amendment’s Establishment Clause permitted states to include faith-based schools in their voucher programs in Cleveland.

Following Zelman, vouchers became a more realistic political option. Even so, access to school choice programs varied greatly by state and was not as dramatic as supporters may have wished. Because the Constitution is silent on education, states largely control school voucher programs.

Currently, 13 states and Washington, D.C., offer one or several school choice programs targeting different types of students. Total U.S. enrollment in such programs surpassed 1 million for the first time in 2024, double what it was in 2020, according to EdChoice, which advocates for school-choice policies.

Voters, however, have taken a dim view of voucher programs. By one count, they’ve turned down referendums on vouchers 17 times, according to the National Coalition for Public Education, a group that opposes the policy.

Most recently, three states rejected school choice programs in the November 2024 elections. Kentucky voters overwhelmingly rejected a proposal to enshrine school choice into commonwealth law, while Nebraska voters chose to repeal its voucher program. Colorado also rejected a “right” to school choice, but more narrowly.

In 2025, Tennessee became the 13th state to pass some sort of school choice program, despite opposition from public school supporters.
AP Photo/George Walker IV

Trump’s order

At its heart, Trump’s executive order would offer discretionary grants and issue guidance to states over using federal funds within this K-12 scholarship program. It also directs the Department of Interior and Department of Defense to make vouchers available to Native American and military families.

In addition, the order directs the Department of Education to provide guidance on how states can better support school choice – though it’s unclear exactly what that will mean. It’s a task that will be left for Linda McMahon, Trump’s nominee for secretary of Education, once she is confirmed.

Trump promoted school choice in his first term as well but failed to win enough congressional support to include it in the federal budget.

Research suggests few academic gains from vouchers

The push to give parents more choice over where to send their children is based on the assumption that doing so will provide them with a better education.

In the order, Trump specifically cites disappointing data from the National Assessment of Educational Progress showing that 70% of eighth graders are below proficient in reading, while 72% are below proficient in mathematics.

Voucher advocates point to research that school choice boosts test scores and improves educational attainment.

But other data don’t always back up the notion that school choice policies meaningfully improve student outcomes. A 2023 review of the past decade of research on the topic by the Brookings Institution found that the introduction of a voucherlike program actually led to lower academic achievement – similar to the impact of the COVID-19 pandemic.

A 2017 review by a Stanford economist Martin Carnoy published by the Economic Policy Institute similarly found little evidence vouchers improve school outcomes. While there were some modest gains in graduation rates, they were outweighed by the risks to funding public school systems.

Indeed, vouchers have been shown to reduce funding to public schools, especially in rural areas, and hurt public education in other ways, such as by making it harder for schools to afford qualified teachers.

Critics of voucher programs also fear that nonpublic schools may discriminate
against some students, such as those who are members of the LGBTQ+ community. There are some reports of this already happening in Wisconsin. Unlike legislation governing traditional public schools, state laws regulating voucher programs often do not include comprehensive anti-discrimination provisions.

School reform

Criticisms of voucher programs aside, many parents who support them do so based on the hope that their children will have more affordable, high-quality educational options. This was especially true in Zelman, in which the Supreme Court upheld the rights of parents to remove their kids from Cleveland’s struggling public schools.

There is little doubt in our minds that in some cases school choice affords some parents in low-performing districts additional options for their children’s education.

But in general, the evidence shows that is the exception to vouchers, not the rule. Evidence also suggests most children – whether they’re using vouchers to attend nonpublic schools or remain in the public school system – may not always benefit from school choice programs. And when it takes money out of underfunded public school systems, school choice can make things worse for a lot more children than it benefits.

While the poor reading and math scores cited in Trump’s executive order suggest that change is needed to help keep America’s school and students competitive, this order may not achieve that goal.

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

– ref. Trump order boosts school choice, but there’s little evidence vouchers lead to smarter students or better educational outcomes – https://theconversation.com/trump-order-boosts-school-choice-but-theres-little-evidence-vouchers-lead-to-smarter-students-or-better-educational-outcomes-249138

MIL OSI – Global Reports –

February 21, 2025
MIL-OSI Global: p53 is both your genome’s guardian and weakness against cancer – scientists are trying to repair or replace it when it goes awry

Source: The Conversation – USA – By Prosper Obed Chukwuemeka, Ph.D. Candidate in Integrative Systems Biology, University of Pittsburgh

To stop tumors from forming, p53 can trigger programmed cell death. Juan Gaertner/Science Photo Library via Getty Images

Cancer arises when your cells grow uncontrollably and refuse to die when they should. Normally, your body is equipped with regulatory processes to prevent this chaos. One such mechanism involves a protein called p53. Often dubbed the “guardian of the genome,” this protein plays a pivotal role in ensuring that your cells grow, divide and die in an orderly fashion. When p53 malfunctions, the result is often cancer.

Learning about how p53 works has not only deepened how scientists understand cancer, but also provided promising avenues for new treatments.

In my work as a cancer researcher, I study the underlying mechanisms of how tumors develop and resist treatment. By understanding how cancer cells bypass safeguards like p53, scientists can find better ways to stop them, leading to more effective treatments for patients.

How p53 works

Each cell contains DNA that instructs it how to function. Over time, this instruction manual can accumulate errors due to various factors like exposure to harmful ultraviolet rays, smoking or even just natural wear and tear.

This is where p53 comes in. It acts like a vigilant proofreader, detecting errors in DNA and deciding how to handle them. If the damage is minor, p53 instructs the cell to repair it. But if the damage is beyond repair, p53 triggers a process called apoptosis, or programmed cell death, ensuring the faulty cell doesn’t turn cancerous.

In more than half of all human cancers, p53 is either missing or dysfunctional. This often happens when the gene that encodes for p53 is mutated or deleted. Without a functioning p53, errors in DNA go unchecked, allowing damaged cells to multiply and form tumors.

p53 has four arms to wrap around and bind to DNA.
David Goodsell/RCSB PDB-101, CC BY-SA

Targeting p53 pathways

Given its crucial role in preventing cancer, p53 has become a major target for drug development.

Over the years, scientists have devised various strategies to target the p53 pathway, or the network of molecules p53 controls to regulate cell growth, repair DNA damage and trigger cell death. Rather than acting alone, p53 interacts with multiple molecular pathways – some of which researchers are still discovering – that help determine a cell’s fate.

Treatment approaches aim to restore or mimic p53’s function in cells where it has gone awry. For example, scientists have developed small molecules that can bind to mutant p53 and stabilize its faulty structure, restoring its ability to bind DNA and regulate genes. Drugs like PRIMA-1 and MIRA-1 essentially “rescue” p53, allowing it to resume its role as the cell’s guardian.

Even when p53 is missing, scientists can still target the processes it normally controls to treat cancer. For example, drugs can activate apoptosis or halt cell division in ways that mimic p53’s normal function. Drugs like ABT-737 or Navitoclax can block proteins in the p53 pathway that usually stop apoptosis, allowing cell death to occur even when p53 is absent.

Targeting p53’s overseers

Researchers are also investigating other proteins that interact with p53 as potential treatment options. Because the p53 pathway is highly complex, targeting different parts of this network presents both opportunities and challenges.

My colleagues and I are studying two other closely related proteins that regulate p53 by marking it for destruction when it’s no longer needed. These proteins, called MDM2 and MDMX, become overactive in cancer and break down p53.

p53 is quickly activated to respond to DNA damage.

Researchers have developed drugs to block MDM2 or MDMX, but targeting just one of these proteins is often not enough. If one is blocked, the other can step in and continue to destroy p53. Most existing drugs are also much better at blocking MDM2 than MDMX due to subtle differences in the latter’s shape, including a smaller area for p53 to bind. This makes it harder for drugs designed to target MDM2 to effectively bind to or reach MDMX.

To find molecules that could bind to both MDM2 and MDMX, researchers traditionally synthesize and test each molecule individually, which is often time-intensive and costly. In contrast, my colleagues and I used computer modeling tools to simulate how thousands of molecules might interact with the proteins, allowing us to narrow down potential candidates much more quickly.

We identified a small molecule we called CPO that shows promise in its ability to target both MDM2 and MDMX. Our models showed that CPO may have a stronger ability to block both MDM2 and MDMX than another molecule that researchers previously found could inhibit both of these proteins in cell culture.

More research is needed to confirm whether CPO works in living systems the same way it does in our computer predictions. If CPO is as safe and effective in cell and animal models, it may offer another treatment option for cancers where MDM2 and MDMX are overactive.

p53 and cancer treatment

The journey to fully harnessing the p53 pathway for cancer therapeutics is ongoing, and researchers are exploring several promising options.

Advances in gene-editing technologies like CRISPR are opening doors to directly correct p53 mutations in cancer cells.

Additionally, researchers are exploring combination therapies that pair p53-targeting drugs with other treatments, such as immunotherapy, to amplify their effectiveness.

Like other cancer treatments, one major challenge is ensuring the drugs target p53 in cancer cells and spare healthy cells from unnecessary damage. Achieving this balance will be crucial in translating these therapies from the lab to the clinic.

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

– ref. p53 is both your genome’s guardian and weakness against cancer – scientists are trying to repair or replace it when it goes awry – https://theconversation.com/p53-is-both-your-genomes-guardian-and-weakness-against-cancer-scientists-are-trying-to-repair-or-replace-it-when-it-goes-awry-248674

MIL OSI – Global Reports –

February 21, 2025
MIL-OSI United Kingdom: Student Finance England mailing list 2025 to 2026
Source: United Kingdom – Government Statements

Students from England can sign up to our mailing list to be told when full-time undergraduate applications open.
Mailing list for 2025 to 2026

Student Finance England (SFE) students can sign up to our mailing list to find out when full-time undergraduate applications open!

It’s important for new and continuing SFE students to stay up to date so they can apply early for student finance for 2025 to 2026.

They can find the sign up page through our social media posts and on our campaign page.

Students, parents and university and college staff can also sign up to the mailing list to find out when applications open.

Part-time undergraduate and postgraduate students

Postgraduate applications will be available at the end of April. Part-time applications will be available from May.

S##ocial media

Follow us for regular updates throughout our campaign!

Student Finance England

Facebook – https://www.facebook.com/SFEngland/

X – https://x.com/SF_England

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Published 20 February 2025
MIL OSI United Kingdom –
February 21, 2025
MIL-Evening Report: A fiscal crisis is looming for many US cities

Source: The Conversation (Au and NZ) – By John Rennie Short, Professor Emeritus of Public Policy, University of Maryland, Baltimore County

Houston residents at a flooded park after the passage of Hurricane Beryl, July 8, 2024. Mark Felix/AFP via Getty Images

Five years after the start of the COVID-19 pandemic, many U.S. cities are still adjusting to a new normal, with more people working remotely and less economic activity in city centers. Other factors, such as underfunded pension plans for municipal employees, are pushing many city budgets into the red.

Urban fiscal struggles are not new, but historically they have mainly affected U.S. cities that are small, poor or saddled with incompetent managers. Today, however, even large cities, including Chicago, Houston and San Francisco, are under serious financial stress.

This is a looming nationwide threat, driven by factors that include climate change, declining downtown activity, loss of federal funds and large pension and retirement commitments.

Spending cuts abound in many U.S. cities as inflation lingers and pandemic-era stimulus dries up.

Why cities struggle

Many U.S. cities have faced fiscal crises over the past century, for diverse reasons. Most commonly, stress occurs after an economic downturn or sharp fall in tax revenues.

Florida municipalities began to default in 1926 after the collapse of a land boom. Municipal defaults were common across the nation in the 1930s during the Great Depression: As unemployment rose, relief burdens swelled and tax collections dwindled.

In 1934 Congress amended the U.S. bankruptcy code to allow municipalities to file formally for bankruptcy. Subsequently, 27 states enacted laws that authorized cities to become debtors and seek bankruptcy protection.

Declaring bankruptcy was not a cure-all. It allowed cities to refinance debt or stretch out payment schedules, but it also could lead to higher taxes and fees for residents, and lower pay and benefits for city employees. And it could stigmatize a city for many years afterward.

In the 1960s and 1970s, many urban residents and businesses left cities for adjoining suburbs. Many cities, including New York, Cleveland and Philadelphia, found it difficult to repay debts as their tax bases shrank.

The New York Daily News, Oct. 30, 1975, after U.S. President Gerald Ford ruled out providing federal aid to save the city from bankruptcy. Several months later, Ford signed legislation authorizing federal loans.
Edward Stojakovic/Flickr, CC BY

In the wake of the 2008-2009 housing market collapse, cities including Detroit, San Bernardino, California, and Stockton, California, filed for bankruptcy. Other cities faced similar difficulties but were located in states that did not allow municipalities to declare bankruptcy.

Even large, affluent jurisdictions could go off the financial rails. For example, Orange County, California, went bankrupt in 2002 after its treasurer, Robert Citron, pursued a risky investment strategy of complex leveraging deals, losing some $1.65 billion in taxpayer funds.

Today, cities face a convergence of rising costs and decreasing revenues in many places. As I see it, the urban fiscal crisis is now a pervasive national challenge.

Climate-driven disasters

Climate change and its attendant increase in major disasters are putting financial pressure on municipalities across the country.

Events like wildfires and flooding have twofold effects on city finances. First, money has to be spent on rebuilding damaged infrastructure, such as roads, water lines and public buildings. Second, after the disaster, cities may either act on their own or be required under state or federal law to make expensive investments in preparation for the next storm or wildfire.

Los Angeles Mayor Karen Bass (center) discusses wildfire recovery in Pacific Palisades, Calif., Jan. 27, 2025. Cleaning up after the wildfires, which destroyed more than 16,000 structures, will include disposing of several million tons of toxic ash and debris.
Drew A. Kelley/MediaNews Group/Long Beach Press-Telegram via Getty Images

In Houston, for example, court rulings after multiple years of severe flooding are forcing the city to spend $100 million on street repairs and drainage by mid-2025. This requirement will expand the deficit in Houston’s annual budget to $330 million.

In Massachusetts, towns on Cape Cod are spending millions of dollars to switch from septic systems to public sewer lines and upgrade wastewater treatment plants. Population growth has sharply increased water pollution on the Cape, and climate change is promoting blooms of toxic algae that feed on nutrients in wastewater.

Increasing uncertainty about the total costs of mitigating and adapting to climate change will inevitably lead rating agencies to downgrade municipal credit ratings. This raises cities’ costs to borrow money for climate-related projects like protecting shorelines and improving wastewater treatment.

Underfunded pensions

Cities also spend a lot of money on employees, and many large cities are struggling to fund pensions and health benefits for their workforces. As municipal retirees live longer and require more health care, the costs are mounting.

For example, Chicago currently faces a budget deficit of nearly $1 billion, which stems partly from underfunded retirement benefits for nearly 30,000 public employees. The city has $35 billion in unfunded pension liabilities and almost $2 billion in unfunded retiree health benefits. Chicago’s teachers are owed $14 billion in unfunded benefits.

Policy studies have shown for years that politicians tend to underfund retirement and pension benefits for public employees. This approach offloads the real cost of providing police, fire protection and education onto future taxpayers.

Struggling downtowns and less federal support

Cities aren’t just facing rising costs – they’re also losing revenues. In many U.S. cities, retail and commercial office economies are declining. Developers have overbuilt commercial properties, creating an excess supply. More unleased properties will mean lower tax revenues.

At the same time, pandemic-related federal aid that cushioned municipal finances from 2020 through 2024 is dwindling.

State and local governments received $150 billion through the 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act and an additional $130 billion through the 2021 American Rescue Plan Act. Now, however, this federal largesse – which some cities used to fill mounting fiscal cracks – is at an end.

In my view, President Donald Trump’s administration is highly unlikely to bail out urban areas – especially more liberal cities like Detroit, Philadelphia and San Francisco. Trump has portrayed large cities governed by Democrats in the darkest terms – for example, calling Baltimore a “rodent-infested mess” and Washington, D.C., a “dirty, crime-ridden death trap.” I expect that Trump’s animus against big cities, which was a staple of his 2024 campaign, could become a hallmark of his second term.

Detroit officials respond to disparaging remarks about the city by Donald Trump during a campaign speech in Detroit, Oct. 10, 2024.

Resistance to new taxes

Cities can generate revenue from taxes on sales, businesses, property and utilities. However, increasing municipal taxes – particularly property taxes – can be very difficult.

In 1978, California adopted Proposition 13 – a ballot measure that limited property tax increases to the rate of inflation or 2% per year, whichever is lower. This high-profile campaign created a widespread narrative that property taxes were out of control and made it very hard for local officials to support property tax increases.

Thanks to caps like Prop 13, a persistent public view that taxes are too high and political resistance, property taxes have tended to lag behind inflation in many parts of the country.

The crunch

Taking these factors together, I see a fiscal crunch coming for U.S. cities. Small cities with low budgets are particularly vulnerable. But so are larger, more affluent cities, such as San Francisco with its collapsing downtown office market, or Houston, New York and Miami, which face growing costs from climate change.

Workers in North Miami Beach, Fla., distribute sandbags to residents to help prevent flooding as Hurricane Milton approaches the state on Oct. 8, 2024.
AP Photo/Wilfredo Lee

One city manager who runs an affluent municipality in the Pacific Northwest told me that in these difficult circumstances, politicians need to be more frank and open with their constituents and explain convincingly and compellingly how and why taxpayer money is being spent.

Efforts to balance city budgets are opportunities to build consensus with the public about what municipalities can do, and at what cost. The coming months will show whether politicians and city residents are ready for these hard conversations.

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

– ref. A fiscal crisis is looming for many US cities – https://theconversation.com/a-fiscal-crisis-is-looming-for-many-us-cities-249436

MIL OSI Analysis – EveningReport.nz –

February 21, 2025
MIL-OSI: BsvCloud Launches 2025 Mining Contracts, Offering New Passive Income Opportunities through Cloud Mining
Source: GlobeNewswire (MIL-OSI)

UXBRIDGE, United Kingdom, Feb. 20, 2025 (GLOBE NEWSWIRE) — BsvCloud, a leading cloud mining platform, has announced the launch of its new mining contracts for 2025. These updated contracts provide users with an accessible and eco-friendly way to earn passive income through cryptocurrency mining without the need for complex setups or large initial investments.

Flexible and Accessible Mining Contracts
BsvCloud’s new 2025 mining contracts offer flexible investment plans starting at just $200, making it easier for both beginners and experienced investors to start mining. Users can choose from different contract tiers that match their financial goals, with the added benefit of renewable energy-powered mining operations.

Sustainable Cloud Mining
BsvCloud’s 2025 contracts focus on sustainability by using renewable energy, such as solar and wind power, for mining. This reduces costs and minimizes the environmental impact of cryptocurrency mining, supporting greener energy practices.

User-Friendly and Efficient Mining

The new contracts come with a range of benefits designed to enhance the mining experience. BsvCloud users can enjoy:
- Flexible Investment Options: Plans starting at just $200, making it easy for anyone to get involved.
- High Profitability: The platform offers competitive returns, enabling users to earn passive income daily.
- Fast Payouts: Withdrawals are processed quickly, often within five minutes of the request.
- 24/7 Customer Support: BsvCloud provides round-the-clock support to assist users with any issues they may encounter.
How to Get Started with BsvCloud

Getting started with BsvCloud is simple. New users can sign up for free and begin earning passive income through cloud mining in just a few steps:

1.   Sign Up: Create a free account on the BsvCloud platform. Sign up bonus 15$.
2.   Choose a Mining Plan: Select an investment plan based on your budget and goals.

3.   Start Mining: BsvCloud will begin mining on your behalf, and you can start earning passive income immediately.

The Future of Cloud Mining with BsvCloud

As BsvCloud continues to grow, it remains committed to providing its users with reliable, efficient, and sustainable cloud mining opportunities. With over 500,000 users worldwide, the platform is positioned as a leading choice for those looking to earn passive income through cryptocurrency mining.

For more information about BsvCloud and to explore its new 2025 mining contracts, visit www.bsvcloud.com.

About BsvCloud
BsvCloud is a leading cloud mining platform that offers users the opportunity to earn passive income through mining popular cryptocurrencies. Founded in 2017, BsvCloud has grown to serve over 500,000 users worldwide, providing efficient, eco-friendly, and profitable cloud mining services.

Media Contact:

Website: https://bsvcloud.com/
Company: BsvCloud
Contact person: Tomas Clark
Email: info@bsvcloud.com

Disclaimer: This press release is provided by BsvCloud. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/406dd7bb-d1d0-4022-81d4-45246fb38f4e

https://www.globenewswire.com/NewsRoom/AttachmentNg/745582ec-13f9-419a-8d93-da12ec441a0e

https://www.globenewswire.com/NewsRoom/AttachmentNg/1a7fc51d-b7c7-4e8f-a49b-1917ef90baeb

The MIL Network –
February 21, 2025
MIL-OSI Video: Investing in Diversity | World Economic Forum Annual Meeting 2025

Source: World Economic Forum (video statements)

Inclusive business strategies and economic policy targeting workforces, suppliers and companies’ broader ecosystems have in recent years emerged as increasingly mission-critical for business performance in all parts of the globe.

In an era when innovation, adaptability and resilience are paramount, how are new champions of inclusive leadership reshaping the future of economic growth and competitiveness across the world?

This session is part of the World Economic Forum’s Future of DEI workstream.

Speakers: Luana Génot, Ebru Özdemir, Katy Talikowska, Jochen Wegner, Duncan Crabtree-Ireland

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=fYm6PGUi9OU

MIL OSI Video –

February 21, 2025
MIL-OSI Video: Debating Migration and Demography | World Economic Forum Annual Meeting 2025

Source: World Economic Forum (video statements)

While some estimate that migration could help generate over $20 trillion a year in economic output by 2050, others worry about the financial and systemic pressure it can put governments and local communities.

In this town hall, leaders debate the effects of migration at a local, national and global level.

Speakers: Miguel Medina, Thérèse Kayikwamba Wagner, Amy Pope, Sasha Vakulina

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=yayHWUHR-b4

MIL OSI Video –

February 21, 2025
MIL-OSI: Climb Global Solutions Sets Fourth Quarter and Full Year 2024 Conference Call for March 6, 2025 at 8:30 a.m. ET

Source: GlobeNewswire (MIL-OSI)

EATONTOWN, N.J., Feb. 20, 2025 (GLOBE NEWSWIRE) — Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, March 6, 2025 at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2024. The Company’s results will be reported in a press release prior to the call.

Climb’s management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call by emailing CLMB@elevate-ir.com.

Date: Thursday, March 6, 2025
Time: 8:30 a.m. Eastern time
Toll-free dial-in number: (800) 225-9448
International dial-in number: (203) 518-9708
Conference ID: CLIMB
Webcast: Climb’s Q4 & FY 2024 Conference Call

If you have any difficulty registering or connecting with the conference call, please contact Elevate IR at (720) 330-2829.

The conference call will also be available for replay on the investor relations section of the Company’s website at www.climbglobalsolutions.com.

About Climb Global Solutions

Climb Global Solutions, Inc. (NASDAQ:CLMB) is a value-added global IT distribution and solutions company specializing in emerging and innovative technologies. Climb operates across the US, Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter and Climb Global Services. The Company provides IT distribution and solutions for companies in the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.

Additional information can be found by visiting www.climbglobalsolutions.com.

Company Contact

Matthew Sullivan
Chief Financial Officer
(732) 847-2451
MatthewS@ClimbCS.com

Investor Relations Contact

Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
CLMB@elevate-ir.com

The MIL Network –

February 21, 2025
MIL-OSI Russia: The presentation of the book “Corporate Universities of Russia – 2024” was held at the HSE

Translartion. Region: Russians Fedetion –

Source: State University Higher School of Economics – State University Higher School of Economics –

More than 200 representatives of leading corporate universities and experts in the field of business education in Russia gathered at the HSE Higher School of Business (HSB) for the presentation of a book with the results of the third wave of research.

Representatives of leading CU and corporate academies spoke at the panel discussion: the Bank of Russia, NLMK, UMMC, SberUniversity, Rosatom.

The study of the population of corporate universities in the country was initiated by the HSE Graduate School of Economics. The pilot reference and analytical publication with the results of the first wave, presented in 2022, aroused great interest in the professional community.

The project was continued, and in 2024 the study was conducted with the support of SberUniversity. The authors of the initiative idea and editors of the third book are Valery Katkalo, Director of the HSE School of Business and Natalia Shumkova, Deputy Director of the Business School for Corporate Training.

Valery Katkalo and Natalia Osipchuk, CEO of SberUniversity, addressed the presentation participants with welcoming remarks.

“Today, corporate universities in Russia are a unique point of intersection of transformation processes in education and business. The role of CUs is to be not just centers for professional retraining, but an environment that promotes organizational and personal development. I am confident that the book, which presents the results of the study “Corporate Universities of Russia – 2024″, carried out by the Higher School of Business of the National Research University Higher School of Economics with the support of SberUniversity, will be useful both for experienced players in the corporate training market and for companies that are just thinking about creating a corporate university,” emphasized Natalia Osipchuk.

Katkalo Valery Sergeevich

Director of the Higher School of Business, National Research University Higher School of Economics, Professor

“The third wave of our study of the population of Russian CUs allowed us to identify a number of new quantitative and qualitative aspects of the development of their business models and product portfolios. In addition, at this stage of the study, we developed and tested an original concept of the typology of Russian CUs, which received high praise from the professional community.”

In a brief overview of the key data and conclusions of the third wave of the study, Natalia Shumkova emphasized the increase in the number of project participants in 2024. A significantly new qualitative aspect of the study of corporate universities within the third stage of the project was the development of their original typology, taking into account the world experience of comparing the maturity stages of corporate universities. The authors summarized the accumulated experience of scientific typology of corporate universities, offering a pioneering attempt at a conceptual model for comparing the stages of evolution of Russian corporate universities. The book contains an article with the “Matrix of Maturity of Corporate Universities” developed by the authors and the experience of testing it based on the findings of the primary self-assessment from more than half of the participants in the “portrait gallery” of the 2024 study.

The presentation continued with a panel discussion: “What is important for us to know about the development of corporate universities in Russia?”, moderated by Valery Katkalo. The discussion was attended by industry leaders: Andrey Afonin, Director of the Bank of Russia University, Polina Kolesova, Director of the NLMK Corporate University, Vyacheslav Lapin, Director of the University of the Ural Mining and Metallurgical Company, Natalia Osipchuk, CEO of SberUniversity, and Yulia Uzhakina, CEO of the Rosatom Corporate Academy.

The discussion touched upon key issues of corporate university development in Russia. The speakers discussed the evolution of universities over the past 20-25 years, focusing on important stages of their development – from the first attempts to create them in the 1990s to today, when corporate universities are becoming key drivers of business development and change management. Corporate universities have become innovation centers that influence not only business, but also society – the experts agreed.

A special atmosphere accompanied the entire presentation of the book “Corporate Universities of Russia – 2024”. A bright final chord of the community meeting was the announcement of the IV Forum of Corporate Training Leaders, the key ideas of the upcoming Forum were presented by Yulia Uzhakina. In 2025, it will be held at the site of the Rosatom Corporate Academy in Nizhny Novgorod.

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 –

February 21, 2025
MIL-OSI Russia: The Polytechnic University opened a board of Endowment Fund benefactors

Translartion. Region: Russians Fedetion –

Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

On the Polytechnic’s birthday, the traditional meeting of ambassadors and patrons was held with special solemnity. Its culmination was the opening of the board of benefactors of the SPbPU Endowment Fund.

Before this, a festive award ceremony was held in the foyer of the Technopolis Polytech research building to honor the most active graduates and employees of the university, who contribute to its successful development and strengthening of its position among higher educational institutions of the city and the country.

Opening the meeting, Vice-Rector for Youth Policy and Communication Technologies Maxim Pasholikov congratulated the guests on the birthday of the Polytechnic University and thanked them for their loyalty and love for their alma mater.

“I am glad that today those who provide the university with significant financial, administrative, and informational assistance have gathered here again,” said Maxim Aleksandrovich. “This is a good initiative to annually recognize the contribution of benefactors and graduates to the development of the university and the implementation of its initiatives. The endowment fund is the calling card of a modern world-class university. As of the end of 2024, we have collected more than 110 million rubles. They are under the trust management of the management company, and the income we receive is directed to the development of the Polytechnic University. Endowments for institutes are being actively created. We really hope for the support of our graduates in forming the fund and are grateful for the assistance that has already been provided.”

In 2024, when Polytechnic celebrated not only its anniversary, but also the anniversary of the university’s founder, an outstanding Russian statesman, financier and diplomat Sergei Yulievich Witte, a commemorative medal in his name was established at the university. It will be awarded to multiple benefactors of the SPbPU Endowment Fund for Development.

The first medals for long-term fruitful cooperation and significant contribution to the Endowment Fund were received by Bank Saint Petersburg and VTB Bank.

For assistance in developing the University Endowment Fund, the following were awarded the Witte Medal and the University’s gratitude: Gazprom Transgaz Saint Petersburg LLC, Streamer NPO, and Arman Group.

The following were personally awarded for their contribution to the development of the SPbPU Endowment Fund: Mikhail Silnikov, General Director and General Designer of NPO Spetsmaterialy; Vera Konsetova, General Director of AFK-AUDIT; Sergei Kopytov, First Deputy Chairman of the Board of the Petersburg Social Commercial Bank; Mikhail Grekov, Vice-Rector for Work with Branches of the Emperor Alexander I St. Petersburg State University of Railway Engineering; and Oleg Koval.

The university staff also made a significant contribution to the development of the Endowment Fund: Vice-Rector for Economics and Finance of the Polytechnic University Alexander Rechinsky; Advisor to the Rector’s Office Vladimir Glukhov; Director of the Physics and Mechanical Institute Nikolay Ivanov; Director of the Higher School of Industrial Management Olga Kalinina; Director of the Higher School of Engineering and Economics Dmitry Rodionov; Director of the Center for Continuing Professional Education of the Advanced Engineering School “Digital Engineering” Sergey Salkutsan; Leading Specialist of the SPbPU History Museum Alexander Kobyshev.

For contribution to the implementation cooperation agreements between the university and the State Hermitage Museum and active participation in the activities of the Polytechnic Ambassadors Community in 2024, the following were awarded the university’s gratitude: Deputy Director General of the State Hermitage Museum Alexey Bogdanov and the head of the ventilation, air conditioning, control and measuring instruments and automation systems sector of the Operations Department of the Staraya Derevnya Restoration and Storage Center of the State Hermitage Museum Kirill Tambovtsev.

Also, for promoting the development of the community of ambassadors and the SPbPU Endowment Fund in 2024, awards were received by the head of the production preparation bureau of the chief technologist’s department of JSC Kronstadt Marine Plant Dmitry Gomonov and the head of the process automation department of the Information Systems Department of BorisHof Holding LLC, Ruslan Talipov.

In 2024, in memory of Sergei Yulyevich Witte, the Academic Council decided to restore the Witte scholarships from the income from the management of the Polytechnic Endowment Fund. In accordance with historical tradition, the scholarships will be awarded to four students who have passed the next session with excellent marks and successfully passed the competitive selection. The scholarship will be 10,000 rubles, it will be paid for five months, and then, based on the results of the next session, the commission will determine new winners.

The first Witte scholarship recipients were Yaroslav Kiyashko (Institute of Computer Science and Cybersecurity), Konstantin Fedorov (Institute of Energy), Anna Danilova (Institute of Industrial Management, Economics and Trade) and Natalia Poluektova (Institute of Industrial Management, Economics and Trade). At the ceremony, they were presented with scholarship certificates, memorable gifts from the university, and the girls were also given flowers.

After the ceremony, the guests were invited to the opening of the board of benefactors of the SPbPU Endowment Fund. It is located next to the model of the Polytechnic University campus. The board reflects information about all major donors of the Endowment Fund since the year of its foundation.

“Our fund has existed since 2012, and it was created for eternity. Therefore, if we participate in its work, it means that we are in touch with eternity,” said Yuri Levchenko, Chairman of the Board of Trustees of the Endowment Fund, Senior Vice President of VTB Bank. “Our fund, of course, is still small, compared to, say, Harvard University, but every year it grows thanks to your efforts, for which we are very grateful. And I encourage everyone to actively participate in this work, involve friends and acquaintances. We hope that our graduates will become successful businessmen, government officials, creative people, and will never forget the institute, and our fund will grow.”

Vice-Rector Maxim Pasholikov explained that the plaque is removable, and if there are more donors, then by the university’s next birthday their names and the names of their companies will also appear in this place of honor.

Photo archive

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 –

February 21, 2025

MIL-OSI: Growth in Originations Expected Across Multiple Credit Products in 2025

Source: GlobeNewswire (MIL-OSI)

CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) — Despite recent data calling into question the possibility of interest rate cuts over this year, new account originations across several credit products are still expected to grow in 2025. These findings were released today in conjunction with TransUnion’s (NYSE: TRU) newly issued Q4 2024 Quarterly Credit Industry Insights Report (CIIR).

Following multiple years of depressed origination growth, largely driven by stubbornly high inflation, rising interest rates and elevated home and vehicle prices, new auto, mortgage, and unsecured personal loans are expected to see gains in 2025. A myriad of factors, not the least of which is lenders’ continued caution in their underwriting strategies, will likely temper the overall rate of growth across these products.

“The Federal Reserve has signaled that it will not rush into interest rate cuts, potentially keeping rates at a level that could give consumers pause,” said Jason Laky, executive vice president and head of financial services at TransUnion. “However, we still believe that many consumer credit products will have higher originations in 2025. This will range from modest growth in auto and unsecured personal loans to more significant increases in mortgage.”

Originations are Expected to Grow YoY Across Many Credit Products in 2025

Loan Product	Percent Change in Origination Growth
Auto	+2.7%
Mortgage (Purchase)	+13.3%
Unsecured Personal Loans	+5.7%

Changes in originations are also impacted by trends within these lending products. A deeper dive into the origination picture for each loan product can be found below:

One key driver of the forecasted growth in auto originations is new light vehicle sales, which have been forecasted to grow 2.8% in 2025. However, forecasted growth may be tempered as industry and consumers navigate potential policy shifts introduced by the new administration. In addition, relatively high interest rates, inflation remaining above 2%, and a still recovering used vehicle supply may also mitigate auto originations growth.
Mortgage originations are forecast to increase from approximately 4.6 million in 2024 to approximately 5.7 million in 2025, with most of those being purchase originations (~3.8 million).
Unsecured personal loan lenders are expected to continue expanding lending to riskier tiers in 2025 as the macro economy continues to moderate. Originations are expected to increase to approximately 20.8 million over the year.

TransUnion’s Q4 2024 Credit Industry Insights Report sees continued signs of stabilization across consumer credit products

A number of the signs of a more stable consumer credit environment that emerged in Q3 2024 have continued over the past quarter across the credit spectrum. Originations saw some measure of YoY growth in the most recent quarter for which data are available for auto, mortgage, and unsecured personal loans. In credit cards, originations saw a smaller YoY decline than in recent quarters. Delinquencies ticked down across some credit products, although others saw increases. Balances saw increases that were more in line with rates seen prior to 2020 than in the years since.

“In Q4 2024, we saw several signals inching towards a return to more typical patterns within the consumer credit market,” said Michele Raneri, vice president and head of research at TransUnion. “Originations ticked up across mortgage and auto and saw more significant growth in unsecured personal loans. In contrast, delinquencies presented more of a mixed bag, seeing increases in auto and mortgage, while at the same time decreasing for unsecured personal loans and credit cards. We will be looking for additional signs of improved performance in these markets moving forward.”

To learn more about the latest consumer credit trends, register for the Q4 2024 Quarterly Credit Industry Insights Report webinar. Read on for more specific insights about credit cards, personal loans, auto loans and mortgages.

Serious consumer-level delinquencies decline year-over-year for first time since 2020 in card

Q4 2024 CIIR Credit Card Summary

More signs of a return to equilibrium were present in the credit card market in Q4 2024. Consumer-level 90+ days past due delinquencies ticked down by 3 basis points YoY to 2.56%, which marked the first annual decrease since 2020. Similarly, account-level delinquencies fell by 4 basis points YoY to 1.46%. This is likely in part due to the continuation of a more conservative origination strategy among lenders. Originations saw a 4.8% YoY decline in Q3 2024. This marks the sixth consecutive quarter of declining new account volumes on an annual basis. Despite that, the slowdown in originations is decelerating, with the latest quarter seeing the smallest YoY decline since Q2 2023. Super prime was the only risk tier to see originations growth in Q3 2024, at 1.2% YoY. While originations have slowed, balances continued to grow to record highs, increasing 5.7% to $1.1 trillion. This growth was seen across risk tiers, though the pace of balance growth has returned closer to pre-2020 levels.

Instant Analysis

“Prior predictions had anticipated a moderation in delinquency rates in Q1 2025. The peak was pulled forward by the effect of recalibrated risk strategies and disproportionate originations in prime and above segments. At the same time, there are signs that consumer demand for credit cards may be increasing, as year-over-year originations declines are getting smaller, and some risk tiers, such as super prime, are increasing for the first time in several quarters.”

– Paul Siegfried, senior vice president and credit card business leader at TransUnion

Q4 2024 Credit Card Trends

Credit Card Lending Metric (Bankcard)

Q4 2024

Q4 2023

Q4 2022

Q4 2021

Number of Credit Cards (Bankcards)

561.5 million

542.6 million

518.4 million

483.7 million

Borrower-Level Delinquency Rate (90+ DPD)

2.56%

2.59%

2.26%

1.48%

Total Credit Card Balances

$1.11 Trillion

$1.05 Trillion

$931 billion

$785 billion

Average Debt Per Borrower

$6,580

$6,360

$5,805

$5,139

Number of Consumers Carrying a Balance

173.1 million

169.9 million

166.0 million

159.0 million

Prior Quarter Originations*

19.1 million

20.1 million

21.6 million

19.8 million

Average New Account Credit Lines*

$5,702

$5,673

$5,226

$4,468

*Note: Originations are viewed one quarter in arrears to account for reporting lag.
For more credit card industry information, click here for episodes of Extra Credit: A Card and Banking Podcast by TransUnion.

Growth in unsecured personal loan originations leads to record volumes, total balances

Q4 2024 CIIR Unsecured Personal Loan Summary

The positive trend in unsecured personal loans continued for another quarter. Originations for Q3 2024, the most recent quarter of data available, stood at 5.8 million – an increase of 15% year-over-year. This marked the third consecutive quarter of YoY growth and the first quarter of double-digit growth in two years (since Q2 2022). All risk tiers contributed to this expansion, especially the super prime and the below prime tiers, which grew around 17% compared to the prior year. This growth drove records, per Q4 2024 data, in the volume of outstanding loans, in total balances, and in the number of consumers with a balance. Concurrently, average debt per borrower was lower year-over-year in Q4 2024, driven by the prime and below risk tiers. Finally, 60+ DPD borrower-level delinquencies fell year-over-year for Q4 2024 to 3.57% — 33 basis points below the same quarter last year. The decline was due to risk mix shift as lower risk super prime borrowers continued to grow as a share of total loans, as well as from delinquencies among subprime borrowers which fell 136 basis points year-over-year.

Instant Analysis

“The unsecured personal loan market continued its rebound with originations growing year-over-year across risk tiers, and with strong double-digit growth for most of them. Additionally, borrower-level delinquencies still saw declines year-over-year. This was due to loans being issued across the credit spectrum – especially super prime – and from the subprime delinquency rate continuing to fall even as lending has opened back up to this segment. With the growth to date and optimism from lenders, we expect to see this as the beginning of a period of expansion.”

– Liz Pagel, senior vice president of consumer lending at TransUnion

Q4 2024 Unsecured Personal Loan Trends

Personal Loan Metric	Q4 2024	Q4 2023	Q4 2022	Q4 2021
Total Balances	$251 billion	$245 billion	$222 billion	$167 billion
Number of Unsecured Personal Loans	29.6 million	28.1 million	27.0 million	22.8 million
Number of Consumers with Unsecured Personal Loans	24.5 million	23.5 million	22.5 million	19.9 million
Borrower-Level Delinquency Rate (60+ DPD)	3.57%	3.90%	4.14%	3.00%
Average Debt Per Borrower	$11,607	$11,773	$11,116	$9,622
Average Account Balance	$8,496	$8,704	$8,195	$7,328
Prior Quarter Originations*	5.8 million	5.0 million	5.6 million	5.1 million

*Note: Originations are viewed one quarter in arrears to account for reporting lag.
Click here for additional unsecured personal loan industry metrics.

Mortgage delinquencies up year-over-year, yet remain low by historical standards

Q4 2024 CIIR Mortgage Loan Summary

Originations grew 7% YoY in Q3 2024, the most recent quarter for which data are available. This represented the third consecutive quarter in which mortgage originations were either flat or showed growth. Purchase originations continued to drive this growth, accounting for 82% of all originations for the quarter. This compares to a 68% average Q3 purchase share in the five years pre-pandemic. Rate and term refinance originations also played a role in this growth, seeing significant YoY growth of 174% in Q3 2024. This doubled the counts from the prior quarter as homeowners who recently opened a mortgage took advantage of the lowest rates in two years. Account-level delinquencies of 60+ days past due stood at 1.38% for Q4 2024. This remains a trend worth monitoring in coming quarters, particularly as the non-mortgage debt of homeowners continues to grow, up 7% YoY in Q3 2024.

Instant Analysis

“Despite recent quarters of growth, origination volumes continue to be depressed by historical standards. Recent Federal Reserve indications that interest rate reductions may occur more slowly may result in decelerated growth in 2025. Year-over-year increases in delinquency continue to be worth monitoring closely. Yet, even despite a relatively steady series of year-over-year increases in recent quarters, the rate remains extremely low relative to historical standards.”

– Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

Q4 2024 Mortgage Trends

Mortgage Lending Metric	Q4 2024	Q4 2023	Q4 2022	Q4 2021
Number of Mortgage Loans	53.1 million	52.9 million	52.6 million	51.2 million
Consumer-Level Delinquency Rate (60+ DPD)	1.29%	1.03%	0.89%	0.75%
Prior Quarter Originations*	1.2 million	1.2 million	1.5 million	3.4 million
Average Loan Amounts of New Mortgage Loans*	$354,943	$337,977	$334,339	$311,743
Average Balance per Consumer	$263,923	$258,167	$252,212	$237,539
Total Balances of All Mortgage Loans	$12.2 trillion	$12.0 trillion	$11.7 trillion	$10.7 trillion

* Originations are viewed one quarter in arrears to account for reporting lag.
Click here for additional mortgage industry metrics. Click here for a Q4 2024 mortgage industry infographic.

Auto originations up year-over-year driven by growth in super prime

Q4 2024 CIIR Auto Loan Summary

Originations were up 1.5% YoY in Q3 2024, although they still lagged 14.8% below the pre-pandemic Q3 2019. Super prime borrower originations led the way, up 8.5% YoY for the quarter. This growth was likely driven in part by increasingly available new inventory and increases in incentives. Other risk tiers saw YoY declines in originations, and when compared to 2019 levels, originations remained down across all risk tiers, with subprime seeing the largest decline (down 27.6%). Likely also driven in part by incentives, leasing continued its rebound from its Q4 2022 low (17%), at 24% of new vehicle registrations in Q4 2024. Consumer-level delinquencies of 60+ days past due continued to tick up in Q4 2024 to 1.67%. This represented an increase of 6 basis points YoY. New vehicle vintages continued to show delinquency performance in Q4 2024 consistent with pre-pandemic periods of 2018/2019. Used vehicle vintage delinquencies were slightly improved as compared to the 2022 cohort but remained worse than 2018/2019.

Instant Analysis

“Super prime was the underlying driver of auto originations growth in Q4 2024, and will likely continue in 2025. Affordability continues to be an issue for the used vehicle market and for below prime consumers, impacted by higher rates and cross-wallet inflation. This is unlikely to materially improve until we have more certainty around used vehicle inventory and interest rates. Delinquencies have now inched past highs previously seen in 2009, primarily driven by increases among below-prime risk tiers, and we will be monitoring them moving forward.”

– Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

Q4 2024 Auto Loan Trends

Auto Lending Metric	Q4 2024	Q4 2023	Q4 2022	Q4 2021
Total Auto Loan Accounts	80.4 million	80.4 million	80.2 million	81.4 million
Prior Quarter Originations¹	6.4 million	6.3 million	6.5 million	7.2 million
Average Monthly Payment NEW²	$749	$751	$729	$655
Average Monthly Payment USED²	$523	$531	$527	$494
Average Balance per Consumer	$24,373	$23,945	$22,998	$21,298
Average Amount Financed on New Auto Loans²	$42,023	$41,054	$41,941	$40,489
Average Amount Financed on Used Auto Loans²	$26,135	$26,380	$27,442	$27,346
Consumer-Level Delinquency Rate (60+ DPD)	1.67%	1.61%	1.43%	1.05%

¹Note: Originations are viewed one quarter in arrears to account for reporting lag.
²Data from S&P Global MobilityAutoCreditInsight, Q4 2024 data only for months of October & November.
Click here for additional auto industry metrics. Click here for a Q4 2024 auto industry infographic.

For more information about the report, please register for the Q4 2024 Credit Industry Insight Report webinar.

About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

http://www.transunion.com/business

Contact	Dave Blumberg
	TransUnion

E-mail	dblumberg@transunion.com

Telephone	312-972-6646

The MIL Network –

February 21, 2025

MIL-OSI: Aterian Issues Letter to Shareholders

Source: GlobeNewswire (MIL-OSI)

SUMMIT, N.J., Feb. 20, 2025 (GLOBE NEWSWIRE) — Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”), a technology-enabled consumer products company, today issued the following letter to shareholders from Arturo Rodriguez, Chief Executive Officer, and the Company’s Board of Directors.

Dear Fellow Shareholders:

While this is our first time writing to you directly, you are always at the forefront of our minds.

Over the past 18 months, our team has undertaken a comprehensive reassessment of nearly every facet of Aterian’s business model as part of our turnaround strategy. This deep evaluation of our brand portfolio, marketing strategies, inventory management, marketplace operations, supply chain, and overall fixed costs laid the foundation for the strategic initiatives we have implemented. By successfully executing these changes, we have focused, simplified, and stabilized the Company, positioning Aterian to drive long-term shareholder value.

Although there is still work to be done, we believe that 2025 marks the start of a new and promising chapter for Aterian as we pivot from stabilizing our operations towards sustainable growth.

2024: A Year of Achievement

2024 was a year of achievement as we delivered on many of our key objectives which we announced in late 2023. We streamlined our product portfolio to six highly regarded foundational brands—Squatty Potty, hOmeLabs, PurSteam, Mueller Living, Photo Paper Direct, and Healing Solutions—that deliver quality, affordable products to consumers. We also simplified our go-to-market and marketing strategies, improved efficiencies in our marketplace account structures and our supply chain and transitioned from an internally developed tech platform to a best-in-class third-party model, thereby increasing our efficiency, nimbleness, and cost savings. Additionally, we improved our working capital profile by completing our inventory rightsizing and renegotiating and extending our credit facility.

In late 2024, we launched several new products under our PurSteam and Mueller Living brands, marking an exciting return to our product development efforts. Organic product launches remain an important component of our growth strategy, and we expect to continue these efforts throughout 2025, with a focus on the second half of the year.

We also continue to deliver on our commitment to implementing an omnichannel sales approach to reach new consumers and remain competitive in the ever-evolving e-commerce landscape. In the fourth quarter of 2024, we began selling products from our hOmeLabs, PurSteam, and Mueller Living brands on Target+, the invitation-only online marketplace of Target Corporation, while expanding product offerings of Squatty Potty on Target+. This complements our established marketplace strength on Amazon.com, Walmart.com, and Mercado Libre in Mexico, as well as our direct-to-consumer websites. We also recently refreshed our PurSteam and Mueller Living websites, modernizing them to match the recent updates of those brands.

Our Efforts are Yielding Tangible Results

Our progress was evident in our third quarter 2024 year to date financial results. When compared to the same nine-month period in 2023, we generated significant improvements in gross margin and contribution margin, and narrowed our net loss by $56.3 million, or 84%.

We also reported positive adjusted EBITDA for both the second and third quarters of 2024.

At September 30, 2024, our cash flow from operations was $2.2 million, a $10.6 million improvement from the same period in 2023, our credit facility balance declined by $4.4 million from December 31, 2023, and we had cash on hand of $16.1 million.

Fourth Quarter 2024 Preliminary Results

This momentum carried into the final quarter of the year. For the fourth quarter of 2024, we now expect to report net revenue between $24.2 million and $25.0 million which is at the higher end of our previous guidance of $22.5 million to $25.5 million. As previously disclosed, we continue to expect that this level of revenue will produce approximately breakeven adjusted EBITDA.

We expect that our cash position at December 31, 2024 will improve to approximately $18 million from $16.1 million at September 30, 2024, while our credit facility balance is expected to increase slightly from $6.7 million at September 30, 2024 to approximately $6.9 million at December 31, 2024.

Full Year 2025: From Stability to Growth

Looking ahead to 2025, we are confident that Aterian will evolve into a growth company, driven by our omnichannel expansion initiatives, organic product launches, and a commitment to prudent capital allocation strategies. In comparison to 2024, we expect to produce higher revenue, along with continuing improvements in operating efficiencies and adjusted EBITDA. More importantly, we believe that our efforts to date have placed us firmly on the path to producing these results on a sustainable basis.

We believe we have taken a conservative approach in our expectations for 2025 by considering both the potential impact of increased tariffs on Chinese imports, and to a lesser extent, those from Canada, as well as the proactive measures we would implement to mitigate their effects. Our primary strategy to offset these tariffs would be price adjustments on select products, supplemented by additional cost-management initiatives, if deemed necessary. As trade policies evolve, we will continue to monitor developments and adjust our responses, as needed.

We are continuing our efforts to identify product sourcing alternatives outside of China, wherever possible, in response to the current uncertainty of U.S. trade policies. As we navigate these challenges, we are fortunate to be supported by a strong balance sheet that provides us with the flexibility to adapt as needed while remaining focused on long-term growth and profitability.

We look forward to providing additional clarity on our plans and outlook for 2025 in connection with our fourth quarter and full year financial results conference call scheduled for mid-March, and keeping you apprised of material developments.

Looking ahead, the strength of our brands, the influence and accessibility provided by our marketplace relationships, and our passionate, talented and tenacious people will allow us to deliver on our mission to position Aterian to deliver sustainable, long-term shareholder value. We remain grateful for the continuing support of our shareholders. We hope this is the beginning of more frequent communications as we share in the excitement of Aterian’s bright future.

Best regards,

Arturo Rodriguez
Chief Executive Officer

About Aterian, Inc.
Aterian, Inc. (Nasdaq: ATER) is a technology-enabled consumer products company that builds and acquires leading e-commerce brands with top selling consumer products, in multiple categories, including home and kitchen appliances, health and wellness and air quality devices. The Company sells across the world’s largest online marketplaces with a focus on Amazon,Walmart and Target in the U.S. and on its own direct to consumer websites. Our primary brands include Squatty Potty, hOmeLabs, Mueller Living, PurSteam, Healing Solutions and Photo Paper Direct. To learn more about Aterian and its brands, visit aterian.io

Forward Looking Statements
All statements other than statements of historical facts included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements including, in particular, regarding our expectations for growth in 2025, including our omnichannel expansion initiatives, organic product launches and our capital allocation strategies. These forward-looking statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties and other factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially and adversely from those described in the forward-looking statements. These risks include, but are not limited to, those related to our ability to continue as a going concern, our ability to meet financial covenants with our lenders, our ability to maintain and to grow market share in existing and new product categories; our ability to continue to profitably sell the SKUs we operate; our ability to create operating leverage and efficiency when integrating companies that we acquire, including through the use of our team’s expertise, the economies of scale of our supply chain and automation driven by our platform; those related to our ability to grow internationally and through the launch of products under our brands and the acquisition of additional brands; those related to consumer demand, our cash flows, financial condition, forecasting and revenue growth rate; our supply chain including sourcing, manufacturing, warehousing and fulfillment; our ability to manage expenses, working capital and capital expenditures efficiently; our business model and our technology platform; our ability to disrupt the consumer products industry; our ability to generate profitability and stockholder value; international tariffs and trade measures; inventory management, product liability claims, recalls or other safety and regulatory concerns; reliance on third party online marketplaces; seasonal and quarterly variations in our revenue; acquisitions of other companies and technologies and our ability to integrate such companies and technologies with our business; our ability to continue to access debt and equity capital (including on terms advantageous to the Company) and the extent of our leverage; and other factors discussed in the “Risk Factors” section of our most recent periodic reports filed with the Securities and Exchange Commission (“SEC”), all of which you may obtain for free on the SEC’s website at www.sec.gov.

Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Contact:
The Equity Group

Devin Sullivan
Managing Director
dsullivan@equityny.com

Conor Rodriguez
Associate
crodriguez@equityny.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fac8af25-1eb0-4a9b-b114-ed58c424cb02

The MIL Network –

February 21, 2025
MIL-OSI: FAVO Capital to Attend 14th Annual Global Fund Finance Symposium in Miami

Source: GlobeNewswire (MIL-OSI)

FORT LAUDERDALE, Fla., Feb. 20, 2025 (GLOBE NEWSWIRE) — via IBN – FAVO Capital, Inc. (OTC: FAVO), a leading provider of alternative financing solutions for small and mid-sized businesses, is pleased to announce its participation in the 14th Annual Global Fund Finance Symposium, hosted by the Fund Finance Association. The event will take place February 24-25, 2025, in Miami, Florida, and will bring together global leaders in fund finance to discuss emerging trends, industry challenges, and capital markets innovations.

The Global Fund Finance Symposium serves as a premier platform for networking, deal-making, and thought leadership within the fund finance sector. The event will feature expert-led discussions on capital raising, fund structuring, risk management, and the evolving regulatory landscape.

FAVO Capital’s President, Shaun Quin, and Chief Strategy Officer, Glen Steward, will attend the symposium to engage with key stakeholders, explore strategic partnerships, and gain insights into the latest developments in fund finance. With a strong commitment to empowering businesses through tailored financial solutions, FAVO Capital continues to expand its expertise and service offerings within the alternative finance space.

“I am excited for my team’s participation in the Global Fund Finance Symposium to connect with industry leaders driving innovation in the capital markets,” said Vincent Napolitano, CEO of FAVO Capital. “As we continue to scale our operations and provide flexible funding solutions, staying ahead of market trends and regulatory shifts is crucial to delivering value to our clients and partners.”

Driving Industry Innovation FAVO Capital looks forward to contributing to discussions on emerging financial strategies, the role of private credit in alternative lending, and how technology is reshaping fund financing. The company’s participation underscores its dedication to remaining at the forefront of financial innovation and fostering strong industry relationships.

About FAVO Capital, Inc.

FAVO Capital, Inc. (OTC: FAVO) is a private credit firm specializing in alternative financing solutions for small and medium-sized businesses (SMBs) across the United States. Since its inception, FAVO Capital has supported more than 20,000 businesses. FAVO Capital is committed to financial transparency, sustainable growth, and empowering SMBs with flexible funding solutions. Headquartered in Fort Lauderdale, FL, the company also has operations in New York and the Dominican Republic.

For more information, visit www.favocapital.com and follow us on Linkedin and X

Investor Alerts
Interested investors and shareholders are encouraged to sign up for press releases and industry updates by registering for Email Alerts at FAVO News Alerts.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, projections, estimates, and expectations regarding future trends, financial performance, and operational strategies. Forward-looking statements are often identified by words such as “expects,” “anticipates,” “intends,” “believes,” “plans,” “seeks,” “estimates,” “may,” “will,” “should,” or similar expressions.

These statements are based on the company’s current beliefs, expectations, and assumptions and are subject to significant risks, uncertainties, and changes in circumstances that could cause actual results to differ materially from those expressed or implied. Factors that may cause such differences include, but are not limited to, market conditions, regulatory developments, competition, economic conditions, and the company’s ability to execute its business strategy.

Actual results may differ materially from those anticipated, and investors are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to update or revise any forward-looking statements to reflect events, circumstances, or changes in expectations after the date of this press release, except as required by law.

Company Contact:
FAVO Capital, Inc.
4300 N University Drive
D-105
Lauderhill, FL 33351

Investor Relations:
Scott McGowan
InvestorBrandNetwork (IBN)
Phone: 310.299.1717
ir@favocapital.com

The MIL Network –

February 21, 2025
MIL-OSI: DIRECTV Advertising and Magnite Enhance Live Streaming Programmatic Demand During Peak Viewing Events

Source: GlobeNewswire (MIL-OSI)

NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) — Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, and DIRECTV Advertising, a pioneer in the converged TV addressable space, are leveraging programmatic demand capabilities to unlock the full potential of live streaming advertising. Magnite and DIRECTV Advertising’s collaboration addresses significant advertising challenges in live streaming, from responding to unpredictable traffic volume to delivering diverse ad experiences.

Earlier this year, DIRECTV Advertising announced the programmatic enablement of their satellite-connected devices. The unbridling of DIRECTV’s satellite inventory represents greater scale and access to new audiences within linear programming, high-viewership events, and live sports. There’s a clear opportunity with sports, as both viewership and traffic increase during live events, with viewership growing as much as 10X for big games. While high-profile events attract approximately 20% more net-new advertisers, about half of existing and active buyers double their bids when compared to off-peak levels. By matching programmatic demand with real-time traffic surges, DIRECTV and Magnite can effectively manage incremental supply and serve uninterrupted ads during key moments.

With more regional sports than other pay TV providers, DIRECTV has long been a home for live sports. In early 2025, DIRECTV solidified its position as a sports leader by launching MySports, a bespoke skinny bundle aimed at reaching avid sports fans. DIRECTV is committed to giving viewers the flexibility to choose the right level of service, at the right value, based on their personal interests.

For advertisers, purchasing live inventory has never been easier, and to further improve the experience, DIRECTV Advertising provides buyers access to rich content metadata signals. Leveraging these signals creates buying transparency and ad relevancy by allowing advertisers access to content at the network, rating, and genre-level. With DIRECTV expanding its premium TV supply, marketers now have access to incremental live sports inventory through Magnite’s platform. DIRECTV will be testing Magnite’s Live Stream Acceleration (LSA) technology, designed to help streaming publishers optimize their live inventory programmatically and surface more opportunities for advertisers.

“We’re excited to create more opportunities for advertisers to access highly sought after live sports inventory during key demand peaks,” said Ken Ripley, VP, Growth & Marketing at DIRECTV Advertising. “One of the ways we’re delivering this is through the expansion of our programmatically enabled inventory. We’re not only doubling our marketplace supply but unlocking new and unique reach for advertisers. Together with Magnite’s tech solutions, we’re setting new precedents, and paving the way for the future of advanced programmatic execution in live CTV.”

“By combining our technology that optimizes programmatic advertising in live CTV environments and DIRECTV’s expansive live content footprint, we’re driving better outcomes for advertisers and maintaining a high-quality viewing experience for consumers,” said Mike Laband, Group SVP, Revenue, US at Magnite. “The significant spikes in demand during live sporting events show the untapped potential that media owners should be leaning towards. It’s encouraging to see DIRECTV embracing programmatic demand and offering contextual signals to provide advertisers with more transparency.”

About Magnite
We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

About DIRECTV
DIRECTV Advertising is a pioneer in the converged addressable space, delivering industry leading audience-based, digital, and innovative media solutions. Employing our decades of experience, we empower advertisers to address and engage their audience at scale while continuously measuring campaign impact against brand goals to unlock insights and optimize future campaigns.

Media Contact:
Charlstie Veith
cveith@magnite.com

Investor Contact:
Nick Kormeluk
nkormeluk@magnite.com

The MIL Network –

February 21, 2025

MIL-OSI: Sprott Launches Active Gold & Silver Miners ETF

Source: GlobeNewswire (MIL-OSI)

TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) — Sprott Inc. (“Sprott”) (NYSE/TSX: SII) today announced the launch of the Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG) (the “Fund” or “GBUG”), an actively managed ETF that aims to provide long-term capital appreciation by investing in shares of gold- and silver-focused companies that are engaged in exploring, developing and mining; or royalty and streaming companies engaged in the financing of gold and silver assets. GBUG’s investment strategy is value-oriented and contrarian.

“Gold and silver mining stocks have historically been correlated to bullion, but in recent years, they’ve lagged the price of the physical metals,” said John Hathaway, CFA, Managing Partner, Sprott and Senior Portfolio Manager, Sprott Asset Management USA, Inc. “Gold and silver mining stocks could offer significant catch-up potential.”

GBUG is Sprott’s first active ETF, which offers the opportunity to invest in miners with the potential advantage of active stock picking from a global leader with over four decades of specialized expertise in precious metals and mining investments. “Given the operational complexities of mining, investors may benefit from an active ETF strategy focused on long-term business fundamentals and growth potential,” said Whitney George, Chief Executive Officer of Sprott. “The Fund’s investment team is experienced. The team has more than 100 years of collective experience in metals and mining, and it conducts more than 200 management meetings annually, along with periodic site visits to mining operations around the globe.”

GBUG combines the expertise of active management with the flexibility of an ETF, which includes daily transparency, liquidity and potential tax efficiency. GBUG is one of four Sprott Precious Metals ETFs:

Sprott Active Gold & Silver Miners ETF	Nasdaq: GBUG	An actively managed ETF that aims to provide long-term capital appreciation by investing in shares of gold- and silver-focused companies that are engaged in exploring, developing and mining; or royalty and streaming companies engaged in the financing of gold and silver assets. The investment strategy of the Fund is value-oriented and contrarian.
Sprott Gold Miners ETF	NYSE Arca: SGDM	Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Gold Miners Custom Factors Index (Index Ticker: SOLGMCFT). The Index aims to track the performance of larger-sized gold companies whose stocks are listed on Canadian and major U.S. exchanges.
Sprott Junior Gold Miners ETF	NYSE Arca: SGDJ	Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Junior Gold Miners Custom Factors Index (Ticker: SOLJGMFT). The Index aims to track the performance of small-capitalization gold companies whose stocks are listed on regulated exchanges.
Sprott Silver Miners & Physical Silver ETF	Nasdaq: SLVR	Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, Nasdaq Sprott Silver Miners™ Index (NSLVR™), by investing at least 80% of its total assets in securities of NSLVR. The Nasdaq Sprott Silver Miners Index is designed to track the performance of a selection of securities in the silver industry, including silver producers, developers and explorers, and physical silver.

* Based on Morningstar’s universe of Precious Metals Sector Equity ETFs as of 2/19/2025.

About Sprott Inc.

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California, and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com.

Contact:
Glen Williams
Managing Partner
Investor and Institutional Client Relations
Direct: (416) 943-43945
gwilliams@sprott.com

Dan Gagnier
Gagnier Communications
Direct: (646) 569-5897
sprott@gagnierfc.com

Important Disclosures

An investor should consider the investment objectives, risks, charges, and expenses of each fund carefully before investing. To obtain a fund’s Prospectus, which contains this and other information, contact your financial professional, call 1.888.622.1813 or visit SprottETFs.com. Read the Prospectus carefully before investing.

Exchange Traded Funds (ETFs) are considered to have continuous liquidity because they allow for an individual to trade throughout the day, which may indicate higher transaction costs and result in higher taxes when fund shares are held in a taxable account.

The funds are non-diversified and can invest a greater portion of assets in securities of individual issuers, particularly those in the natural resources and/or precious metals industry, which may experience greater price volatility. Relative to other sectors, natural resources and precious metals investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.

Shares are not individually redeemable. Investors buy and sell shares of the funds on a secondary market. Only market makers or “authorized participants” may trade directly with the fund, typically in blocks of 10,000 shares.

The Sprott Active Gold & Silver Miners and Sprott Silver Miners & Physical Silver ETFs are new and have limited operating history.

Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott Active Gold & Silver Miners ETF. ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member.

ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc.

The MIL Network –

February 21, 2025

MIL-OSI: KnowBe4 Earns a Top Spot on G2’s 2025 Best Software Awards

Source: GlobeNewswire (MIL-OSI)

TAMPA BAY, FL, Feb. 20, 2025 (GLOBE NEWSWIRE) — KnowBe4, the world-renowned cybersecurity platform that comprehensively addresses human risk management, today announced it has been named to G2’s 2025 Best Software Awards, placing #1 on the Security Product and #2 on Overall Software Product for its security awareness training (SAT). As the world’s largest and most trusted software marketplace, G2 reaches 100 million buyers annually. Its annual Best Software Awards rank the world’s best software companies and products based on authentic, timely reviews from real users.

Receiving this Best Software Award recognition validates KnowBe4’s efforts to empower organizations to strengthen their security culture and transform their workforce from a security vulnerability into their strongest line of defense. KnowBe4 SAT was recognized on the following G2 Awards Lists: Best Security Software Products 2025, Best Software Products 2025 and Best Highest Satisfaction Products 2025.

“Being recognized as the number one Security Product and number two Overall Software Product by G2 underscores the transformative impact of our Human Risk Management platform,” said Stu Sjouwerman, CEO at KnowBe4. “This achievement reflects our commitment to innovation and excellence in helping organizations address the human element of security. The fact that these rankings are based on authentic customer feedback validates our strategic vision of enabling organizations to build resilient security cultures and effectively manage human risk across their entire workforce. We are grateful for the trust our customers place in us and remain dedicated to delivering offerings that make a measurable difference in their security culture”.

“The stakes for choosing the right business software are higher than ever,” said Godard Abel, co-founder & CEO at G2. “With over 180,000 software products and services listings and 2.8 million verified user reviews in the G2 marketplace, we’re proud to help companies navigate these critical choices with insights rooted in authentic customer feedback. The 2025 Best Software Award winners represent the very best in the industry, standing out for their exceptional performance and customer satisfaction. Congratulations to this year’s honorees!”

G2’s 2025 Best Software Awards feature dozens of lists, ranking software vendors and products using G2’s proprietary algorithm based on G2’s verified user reviews and publicly available market presence data. To be eligible for the Best Software Awards, a software company or product must have received at least one approved review during the 2024 calendar year and appear on a G2 Grid®. Scores reflect only data from reviews submitted during this evaluation period.

To learn more, view G2’s 2025 Best Software Awards and read more about G2’s methodology.

For more information on KnowBe4, visit www.knowbe4.com.

About G2
G2 is the world’s largest and most trusted software marketplace. More than 100 million people annually — including employees at all Fortune 500 companies — use G2 to make smarter software decisions based on authentic peer reviews. Thousands of software and services companies of all sizes partner with G2 to build their reputation and grow their business — including Salesforce, HubSpot, Zoom, and Adobe. To learn more about where you go for software, visit www.g2.com and follow us on X and LinkedIn.

About KnowBe4
KnowBe4 empowers workforces to make smarter security decisions every day. Trusted by over 70,000 organizations 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 defense layer that fortifies user behavior 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 utilizes personalized and relevant cybersecurity protection content, tools and techniques to mobilize workforces to transform from the largest attack surface to an organization’s biggest asset.

The MIL Network –

February 21, 2025
MIL-OSI: Oxford Lane Capital Corp. Prices Public Offering of $165,000,000 7.95% Notes Due 2032

Source: GlobeNewswire (MIL-OSI)

GREENWICH, Conn., Feb. 20, 2025 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (the “Company”) today announced that it has priced an underwritten public offering of $165,000,000 in aggregate principal amount of 7.95% unsecured notes due 2032. The notes will mature on February 29, 2032, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after February 28, 2030. The notes will bear interest at a rate of 7.95% per year payable quarterly on March 31, June 30, September 30, and December 31 of each year, commencing June 30, 2025.

The offering is expected to close on February 27, 2025, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional $24,750,000 in aggregate principal amount of notes. The notes are expected to be listed on the NASDAQ Global Select Market and to trade thereon within 30 days of the original issue date under the trading symbol “OXLCG”.

The Company expects to use the net proceeds from this offering to acquire investments in accordance with its investment objective and strategies and for general working capital purposes.

Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering, Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC and William Blair & Company, L.L.C. are acting as lead managers for the offering, and Ladenburg Thalmann & Co. Inc. is acting as co-manager for the offering.

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

A shelf registration statement relating to these securities is on file with the Securities and Exchange Commission and is effective. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from the following investment banks: Lucid Capital Markets, LLC, 570 Lexington Ave, 40th Floor, New York, NY 10022 or by telephone number (646) 362-0256; Piper Sandler & Co., Attn: Debt Capital Markets, 1251 Avenue of the Americas, 6th Floor, New York, NY 10020 or by e-mailing fsg-dcm@psc.com. The preliminary prospectus supplement, dated February 19, 2025, and accompanying prospectus, dated November 8, 2024, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing.

About Oxford Lane Capital Corp.

Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions, including statements with regard to the anticipated use of the net proceeds of the Company’s offering of the Notes. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law.

Contact:

Bruce Rubin
203-983-5280

The MIL Network –

February 21, 2025
MIL-OSI: authID’s Biometric Authentication and Groundbreaking Privacy Solutions Spotlighted in New Prism Project Report
Source: GlobeNewswire (MIL-OSI)

Dedicated findings highlight authID’s leadership in fast, frictionless, and accurate processes that do not compromise on compliance or privacy

DENVER, Feb. 20, 2025 (GLOBE NEWSWIRE) — authID (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced its spotlight in a comprehensive independent market report by the Prism Project, which provided important independent analysis of authID’s approach to privacy- and compliance-first biometric authentication. authID was named a “luminary” for its leading-edge platform for biometric identity verification and privacy protection.

Published by Acuity Market Intelligence, the leading biometric digital identity research consultancy, the report titled “Biometric Digital Identity Prism Custom Report: authID” highlights how authID’s newly launched PrivacyKey™ technology reflects a paradigm shift in biometric authentication, powerfully addressing the critical balance between security and privacy. The platform boasts a one-in-one-billion false-match accuracy rate in identity verification while maintaining zero-knowledge architecture for user data protection by storing no biometric data, and joins authID solutions Proof™ and Verified™ in providing customers with an unparalleled user-identification experience.

“authID’s technology is interesting because it isn’t just about security – it’s about creating trust in digital interactions,” said Maxine Most, founder of the Prism Project and Acuity Market Intelligence. “As the Prism Project projects a 300% growth in demand for privacy-focused biometric solutions over the next three years, authID’s platform is at the forefront of successfully bridging the gap between robust security and user privacy, and of setting new industry standards for biometric authentication.”

Key Findings from the Prism Project Report:
- authID’s innovative approach is “safeguarding the era of digitization” through liveness-supported face biometrics during the onboarding process as well as continuous identity verification.
- authID’s proven leadership—composed of identity-industry veterans with decades of experience—are driving consistent adaptations and innovations in a rapidly evolving and increasingly critical landscape.
- The verification speeds, key-management capabilities, and frictionless ease-of-use at the center of authID’s solutions position it as a leader in both performance and customer experience.
The report highlights authID’s recent partnership with Salus, which aims to enhance credit union services for 120 million underserved individuals, demonstrating the platform’s scalability and real-world impact. authID’s innovative approach has also attracted partnerships with leading financial institutions and technology companies, as well as firms in the staffing and hiring, philanthropy, and customer-service industries.

“The Prism Project findings validate our commitment to revolutionary identity verification solutions that prioritize both security and user privacy,” said Rhon Daguro, CEO of authID. “Our PrivacyKey™ technology represents a quantum leap forward in biometric authentication, enabling businesses to provide frictionless security while maintaining the highest standards of data protection.”

The dedicated authID report follows the December 2024 release of the Prism Project’s highly anticipated Biometric Digital Identity Flagship Report, which evaluated more than 250 industry players and identified the key market dynamics driving extraordinary growth in the emerging global digital identity ecosystem. The annual report highlights the critical role of biometrics in reducing fraud, improving operational efficiency, preserving privacy, and enhancing user experience in the era of digital transformation.

For more information about authID’s biometric authentication solutions, visit www.authid.ai.

About authID

authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user’s identity and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, biometric authentication, and account recovery with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. With our ground-breaking PrivacyKey Solution authID delivers all the benefits of biometric identity verification, with a 1-to-1-billion false match rate, while storing no biometric data. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, prevents account takeover, eliminates password risks and costs, and provides the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem. Contact us to discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks and account takeover.

About The Prism Project

The Prism Project (www.the-prism-project.com) is at the forefront of biometric and digital identity research and education. Created by Acuity Market Intelligence, it bridges the gap between identity technology experts and organizations seeking innovative solutions for digital transformation. Through industry collaboration and comprehensive research, The Prism Project empowers influencers and decision-makers to forge a secure, human-centric digital identity future.

About Acuity Market Intelligence

Acuity Market Intelligence (www.acuitymi.com) is a trusted research and strategic advisory firm specializing in biometrics, identity, and digital transformation. Known for delivering actionable insights and proprietary market forecasts, Acuity helps organizations navigate the rapidly evolving digital identity landscape with confidence and clarity.

For further information, interviews, sponsor inquiries, or to download Prism reports, please visit www.the-prism-project.com or contact info@the-prism-project.com.

Media Contacts

NextTech Communications
Walter Fowler
1-631-334-3864
wfowler@nexttechcomms.com

Investor Relations Contacts
Investor-Relations@authid.ai

Gateway Group, Inc.
Cody Slach and Alex Thompson
1-949-574-3860
AUID@gateway-grp.com

Acuity Market Intelligence
Maxine Most
1-303-449-1897
info@the-prism-project.com

The MIL Network –
February 21, 2025
MIL-OSI: Monarch Private Capital Powers Into 2025 With Record Growth, Innovation, and a Bold Vision for the Future
Source: GlobeNewswire (MIL-OSI)

ATLANTA, Feb. 20, 2025 (GLOBE NEWSWIRE) — Monarch Private Capital, a national leader in impact investing, is redefining the future of tax equity investments with a landmark year of achievements in 2024. By strategically expanding its efforts across affordable housing, renewable energy, historic rehabilitation, and film, Monarch is not only generating billions in economic development but also driving transformative change in communities nationwide.

As demand for sustainable solutions and responsible investing reaches new heights, Monarch continues to lead the charge—investing in projects that create jobs, reduce carbon footprints, and provide critical housing solutions. With a new $275 million bond issuance, an innovative solar and battery storage initiative for low-income housing, and record-breaking project investments, Monarch is setting the stage for even greater impact in 2025 and beyond.

Unprecedented Growth Across Key Sectors In 2024
- Renewable Energy: 75 new projects, generating $1.5 billion in tax credits and enabling $3.3 billion in clean energy investments—adding 1.7 GW of renewable energy capacity to the U.S. grid. This prevents an annual abatement of 1,530,807 metric tons of CO₂e emissions—equivalent to removing 319,014 homes’ electricity use for one year.
- Affordable Housing: 23 new projects, unlocking $268 million in tax credits and $747 million in project capital, creating 2,429 affordable homes for families in need.
- Historic Rehabilitation: 18 revitalization projects, bringing nearly $60 million in tax credits and over $500 million in redevelopment costs, breathing new life into historic properties—many in underserved communities.
- New $275 Million Bond Issuance: Financing affordable housing projects to help close the housing gap in the U.S., ensuring more families have access to safe, stable homes.
- Film & Entertainment: Brokered and financed $169 million in state tax credits for film, tv, and digital media, supporting 49 productions nationwide. These projects contributed to over $650 million in local production spending, driving economic growth and energizing creative industries across the U.S.
Fueling the Future: Clean Energy Meets Affordable Housing

With an unwavering commitment to innovation, Monarch is redefining affordable housing through its groundbreaking Monarch Strategic Ventures initiative.

This forward-thinking program is integrating solar energy and battery storage into low-income housing income (LMI) communities—targeting a 20% reduction in tenant’s electricity bills while making affordable housing more sustainable. But the impact goes beyond cost savings:
- Creating new construction jobs during installation
- Generating ongoing employment in operations, maintenance, and administrative roles
- Reducing environmental impact while improving energy resilience for vulnerable communities
- Enhancing grid flexibility to balance burgeoning electricity demand growth
“We don’t just invest in projects—we invest in people, communities, and the future,” said George Strobel, Partner, Co-Founder, and Co-CEO of Monarch Private Capital. “With the launch of our $275 million bond initiative and our expansion into clean energy housing solutions, we are scaling our impact like never before. We are building a stronger, more sustainable, and more equitable future—one investment at a time.”

Monarch’s Legacy: A $37 Billion Economic Impact

Since 2005, Monarch Private Capital has turned tax equity investments into real-world impact, delivering:
- Nearly 50,000 affordable housing units built
- More than 300,000 jobs created
- 4.7 GW of renewable energy capacity to the U.S. grid, preventing an annual abatement of 4,157,534 metric tons of CO₂e emissions—equivalent to removing C02 emissions from 866,412 homes’ electricity use for one year
- The revitalization of 187 historic buildings
- $7.2 billion in tax credits leveraged across 42 states and Washington, D.C.
- $18 billion in project capital mobilized
And the momentum is only growing.

By combining financial expertise with a bold vision for the future, Monarch Private Capital is positioned to drive unprecedented impact in 2025—expanding access to affordable housing, accelerating the transition to clean energy, and strengthening communities across America.

Join the Movement.

For more information, please contact George Strobel at gstrobel@monarchprivate.com.

About Monarch Private Capital

Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs and homes. The funds provide predictable returns through the generation of federal and state tax credits. The Company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.

CONTACT

Jane Rafeedie

Monarch Private Capital

Jrafeedie@monarchprivate.com

470-283-8431

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/86597a51-4a44-469c-9ca3-69f62b265d4e

The MIL Network –
February 21, 2025
MIL-OSI: Atos successfully deploys new, innovative sport technologies during the Winter European Youth Olympic Festival Bakuriani 2025
Source: GlobeNewswire (MIL-OSI)

News

Atos successfully deploys new, innovative sport technologies during the Winter European Youth Olympic Festival Bakuriani 2025

New, integrated technologies contributed to the event success and are now field-proven, ready to be deployed at a larger scale.

Bakuriani, Georgia, and Paris, France, February 20, 2025 – Atos, a global leader in digital transformation and the Technology Partner of the Winter European Youth Olympic Festival (EYOF) Bakuriani 2025, today announces that its innovative IT services contributed to the success of the event from February 9 to 16, 2025. Atos delivered a comprehensive suite of digital services that enhanced fan experience, optimized event operations, and brought the Festival closer to audiences across Europe.

Atos provided traditional Timing and Results services, ensuring accuracy and efficiency across all sports. It also powered the official event website and mobile application, a real-time results information system, and an interactive database allowing fans and stakeholders to effortlessly access key statistics and insights. Atos enabled the live streaming production and distribution of all competitions, enabling rights-holding broadcasters and media partners to seamlessly share the action with audiences worldwide.

The Winter European Youth Olympic Festival was also the opportunity for Atos and the organizing committee to showcase innovative technologies which deepened the experience, immersion and engagement of stakeholders.
- Artificial Intelligence (AI) powered Media Center for press and stakeholders
During the event, Atos provided for the first time exclusive, automated and AI-powered media clips and highlights to official stakeholders, including Olympic Committees, federations, and accredited media outlets across Europe. Through a password-protected content management system, users could submit natural language requests for read-to-use video clips about an athlete, a sport, a result or a game situation, users received a corresponding ready-to-use video clip. The Atos AI-powered Media Center then automatically recovered, edited and customized footage for each type of user. This breakthrough technology is expected to incredibly speed up video dissemination for major events worldwide.
- On- and Off-site immersion
In collaboration with the Organizing Committee, an innovative solution has been developed to keep onsite attendees and online users informed about live events. The system combines real-time results with video highlights, providing a complete overview of ongoing competitions on a single screen. News feeds were also broadcast on giant screens at event venues, ensuring an immersive experience for all spectators.
- An AI-powered chatbot
The AI-powered chatbot designed to answer fan inquiries about Georgia, the Festival, and historical results, has proven its efficiency by providing instant, reliable information throughout the event.
- SportEurope integrated, unified platform
Atos developed SportEurope for the European Olympic Committees (EOC), an online fan ecosystem that integrates the event’s web presence, social media domains and marketing automation systems, ensuring continuous engagement with sports enthusiasts across Europe. Through strategic content creation in collaboration with athletes, European National Olympic Committees and European sports federations, SportEurope fosters a vibrant community around the Games.

Atos developed the Winter Crystal gaming experience, a mobile game that places players in digitized environments of Georgian landmarks and EYOF venues. This interactive adventure involves solving games and completing challenges to explore the spirit of the Games while competing for the prestigious Winter Crystal award.

“We are delighted that our technologies were instrumental in the success of the European Youth Olympic Festival” said Nacho Moros, Head of Atos Major Events. “This inspiring event was also the perfect venue to introduce new and innovative solutions and continue to set new benchmarks in digital transformation for major sporting events. We are confident these field-proven technologies will soon be deployed in world-class events”.

“Atos provided a high level of professional service and made a significant contribution to the success of the Bakuriani 2025 Olympic Festival”, said Zurab Tuskia, Head of IT & Accreditation, EYOF Bakuriani 2025 OC. “We would like to thank Atos for their professional support, which was demonstrated through the prompt resolution of any issues that arose throughout our time together, as well as for the strong and friendly relationship that was formed between the IT department and the Atos team during the Olympic Festival.”

Key figures:
- 8 sports operated, 5 venues in 3 host cities (Bakuriani, Batumi and Tbilisi).
- Atos staff: 56 on site plus 10 on remote support
- over 30 days on site operations.
- over 150 laptops, 70 mobile phones, and Sport Specific devices.
- 3.334 accreditations
- over 200 live streaming hours.
Digital achievements:
- over 1 million Instagram views, 60,000 TikTok views, 60,000+ visits to sporteurope.org
- AI-generated articles ranked among the Top 7 most viewed pages.
- 2,000 active users on the app.
- over 200 active users for the Winter Crystal mobile game.
- over 100 users accessing the Gaudi multimedia repository & over 550 downloads. Notable users include over 40 European National Olympic Committees, Local Organizing Committees and Sport Federations.
- 30% of Sport Europe users are opening the Email Marketing emails.
Atos has been serving its partners and customers through a dedicated in-house sports and major events division (“Major Events”) for over 30 years, giving it an unmatched experience and the flexibility to serve its customers regardless of their exposure, size and scale. From global events to local competitions, Atos consistently strives to deliver technology excellence to its entire customer base.

Atos has been involved with the Olympic Movement since 1992 and the Paralympic Movement since 2002 and is the Official Digital Technology Partner of the European Olympic Committees, including the European Games 2027, as well as the official Digital partner for Special Olympics International. In addition, the company is also the Official Information Technology Partner of UEFA National Team Football. Most recently, Atos has been instrumental in delivering successful leading-edge IT services for iconic events such as UEFA EURO 2024™ in Germany and the Olympic and Paralympic Games Paris 2024.

To learn more about Atos solutions for sporting events and major events, visit Atos major events.

***

About European Youth Olympics Festival Bakuriani 2025

The EOC is an international non-governmental not-for-profit organization whose objective is to propagate the fundamental principles of Olympism at European level. Held under the patronage of the IOC, and the pride of the European Olympic Committees with almost 35 years of tradition, the EYOF is the first top European multi-sport event aimed at young athletes aged 14 to 18. There is a winter and a summer edition, which take place in two-year cycles, in odd-numbered years.

The event is rich with Olympic traditions: from the burning flame to athletes’ and officials’ oaths. It is at the EYOF that many of Europe’s aspiring sports stars take their first steps on the international stage. And while some may look to the EYOF as a stepping-stone to Olympic greatness, all who participate take home friendships and experiences to last a lifetime.

About Atos

Atos is a global leader in digital transformation with c. 82,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

Press contact
Laurent Massicot | laurent.massicot@atos.net | +33 (0)7 69 48 01 80

Attachment
- News – Atos successfully deploys innovative technologies during EYOF Bakuriani 2025
The MIL Network –
February 21, 2025
MIL-OSI: OSS Announces $6 Million in Combined Platform Contract Renewals for Two Existing U.S. Department of Defense Programs

Source: GlobeNewswire (MIL-OSI)

Renewals include a $4 million contract for radar processing on the P-8A Poseidon Aircraft and a $2 million contract to upgrade sonar sensor processing for the Virginia Class Submarine

Orders reflect OSS’ leadership in providing PCIe technologies and flash storage solutions for demanding, ruggedized, and high-performance compute applications that are needed for the modern battlefield

ESCONDIDO, Calif., Feb. 20, 2025 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (OSS or the Company) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today announced two contract renewals under longstanding U.S. Department of Defense platform programs. Renewals include an approximate $4 million contract to support data recording for radar sensor processing on the P-8A Poseidon Reconnaissance Aircraft, including a 5-year support contract and an approximate $2 million contract to upgrade sonar sensor processing for the Virginia Class Submarine. OSS expects design and production elements to occur in the second half of 2025.

“We are pleased to announce two program renewals, highlighting our recurring incumbent platform positions and the proven hardware and software capabilities we have created for demanding military applications. These longstanding programs face periodic technology upgrade cycles, and receiving contract renewals is a testament to the continual value we provide in delivering high-performance edge computing solutions. These platform positions are critical components of our long-term strategic plan, and based on our current pipeline, we hope to announce additional platform opportunities in the coming quarters,” stated OSS President and CEO, Mike Knowles.

P-8A Poseidon Aircraft Renewal and Tech Refresh
The approximate $4 million in awards include a follow-on production order, a tech refresh contract to expand the scope of the OSS software provided as part of the current $36 million, 5-year sole-source supplier agreement, and a 5-year extension for support. This agreement involves equipping the Navy’s P-8A reconnaissance aircraft and ground base stations with high-capacity flash storage systems, spare flash storage canisters, and support services.

Designed and manufactured by OSS, these full military-spec storage systems feature hot-swappable canisters of high-capacity NVMe flash storage that may be easily removed and securely transported to ground stations upon the aircraft’s return to base. Controlled by the Company’s exclusive Ion Accelerator™ storage software, these flash storage arrays store high volumes of real-time data collected from the aircraft’s advanced airborne sensors comprised of multifunction radar and associated tracking systems.

Virginia Class Submarine Renewal
The approximate $2 million project is a renewal of a sole-source supplier agreement that OSS has been operating under since 2010. The agreement, through a major defense contractor, involves equipping the U.S. Navy’s Virginia Class submarine with PCIe infrastructure that supports sonar sensor processing capabilities. OSS won a contract to upgrade the PCIe accelerator systems with newer PCIe technology that will support the program for at least another 10 years. Prototypes for the upgraded accelerators will be delivered in early 2025, with production systems later in 2025.

About One Stop Systems
One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge’. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.

OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.

Forward-Looking Statements
One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on the Company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved, including but not limited to the potential and/or the results of program renewals with defense contractors and the U.S. Department of Defense, any actual revenue derived from the agreements, the future adoption of technologies or applications, and the expansion of the Company’s offerings and/or relationship with different branches of the U.S. Armed Forces. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Media Contacts:
Robert Kalebaugh
One Stop Systems, Inc.
Tel (858) 518-6154
Email contact

Investor Relations:
Andrew Berger
Managing Director
SM Berger & Company, Inc.
Tel (216) 464-6400
Email contact

The MIL Network –

February 21, 2025
MIL-OSI: Sophos and Pax8 Announce Strategic Partnership to Streamline Security Management
Source: GlobeNewswire (MIL-OSI)

OXFORD, United Kingdom, and DENVER, Feb. 20, 2025 (GLOBE NEWSWIRE) — Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced a strategic partnership with Pax8, the leading cloud commerce marketplace. The collaboration introduces the most comprehensive portfolio of cybersecurity solutions available to Pax8’s network of more than 40,000 managed service providers (MSPs). MSPs in the Pax8 network now have a complete one-stop shop of best-in-class cybersecurity solutions available from a single vendor – including Sophos Managed Detection and Response (MDR), Sophos Endpoint powered by Intercept X and Sophos Firewall. This revolutionizes opportunities for channel partners to streamline operations, simplify billing and significantly reduce the complexity of cybersecurity management across customers.

According to the Sophos MSP Perspectives 2024 report, MSPs that consolidate their security stack with a single vendor can cut daily security management time by nearly 50% – a savings that jumps to 69% for those juggling six or more security vendors. By partnering with Pax8, Sophos is removing a key operational barrier for MSPs, enabling them to seamlessly manage cybersecurity through a single vendor platform to streamline solution integration and enhance efficiency while strengthening their security posture and simplifying cloud procurement cycles.

“Sophos and Pax8 are strongly aligned in our mission to empower MSPs with best-in-class end-to-end security services and products while simplifying lifecycle management of these solutions and reducing operational overhead. MSPs want to align with vendors who are easy to work with and this agreement will make it even easier for MSPs to work with Sophos, something we’ve long been committed to,” said Joe Levy, CEO of Sophos. “With cybersecurity, speed and innovation are essential for defending against attackers. This partnership with Pax8 accelerates MSP access to critical cybersecurity tools, enabling them to better protect their customers in an increasingly complex and volatile threat landscape.”

Key advantages of the Sophos and Pax8 partnership for MSPs include:
- Driving new revenue opportunities for partners by providing the most comprehensive portfolio of security offerings by a single vendor on the Pax8 Marketplace.
- Reducing overhead costs and freeing up partners’ billable hours by simplifying procurement and billing via a fully integrated Pax8 Marketplace experience.
- Empowering partners with seamless experiences through coordinated MSP enablement, support and sales training initiatives.
- Compatible and comprehensive 24/7 security for MSPs’ Microsoft Defender customers with Sophos’ MDR service for Microsoft environments.
“MSPs today need solutions that align with the way they operate—cloud-first, flexible and easy to manage at scale. Pax8 is revolutionizing the way MSPs access and deploy cloud-based solutions, and cybersecurity is an important piece of the overall stack,” said Scott Chasin, Chief Executive Officer of Pax8. “By bringing Sophos’ innovative security offerings to our marketplace, Pax8 is providing our partners with access to enterprise-grade security solutions for their SMB customers in a way that simplifies management, reduces risk and drives profitability.”

Comprehensive Security, Unparalleled Efficiency
“MSPs say they could cut day to day management time almost in half by consolidating on a single cybersecurity platform – and Sophos enables them to achieve that goal. By managing all their customers’ cybersecurity in the cloud-based Sophos Central platform, MSPs can reduce workload and free up valuable billing hours,” said Raja Patel, Chief Product Officer, Sophos. “What’s more, with a complete portfolio of Sophos cybersecurity solutions at their fingertips, Pax8 MSPs enjoy extensive opportunities to sell additional revenue-generating products and services that meet their clients’ evolving cybersecurity needs.”

Backed by real-time threat intelligence from Sophos X-Ops, a global team of elite threat hunters and security analysts, Sophos’ solutions provide proactive, AI-driven protection against cyberattacks. As the leading pure-play cybersecurity provider of MDR services, Sophos protects over 28,000 organizations globally. Insights from Sophos MDR further strengthens security by providing MSPs and their customers with unparalleled protection. Automated threat detection, managed response, and deep security insights across Sophos’s portfolios equip MSPs to enhance defenses, minimize risk exposure, deliver enterprise-grade protection and cut through the noise to reduce management complexity.

Better security for Microsoft environments

More than 60% of Sophos MDR’s customers are managed via MSPs, giving Sophos unparalleled insights into attacks on MSP-managed environments. Sophos leverages these learnings to update customers’ defenses in real-time, optimizing their protection from ever-evolving attacks and providing peace of mind to both clients and partners. Furthermore, with Sophos’s robust MDR service for Microsoft environments, Pax8 MSPs can elevate the security of clients using Microsoft Defender while enabling their customers to see greater return on their Microsoft investments.

The Sophos MDR service through Pax8 supports MSPs in several ways. They can either leverage Sophos’ managed service completely or to augment their customers’ in-house department, including coverage on nights and weekends, which are critical times to defend networks because they are when attackers often strike. For MSPs that provide in-house MDR services, the new AI Assistant in Sophos XDR enables operators of all skill levels to neutralize adversaries faster with existing threat investigation and response intelligence from frontline Sophos MDR analysts.

Availability
The Sophos offering will be available on the Pax8 Marketplace starting February 28, 2025. Pax8 partners interested in learning more about Sophos offerings coming to the Pax8 Marketplace can learn more and sign up at www.sophos.com/msp.

About Sophos
Sophos is a global leader and innovator of advanced security solutions for defeating cyberattacks. The company acquired Secureworks in February 2025, bringing together two pioneers that have redefined the cybersecurity industry with their innovative, native AI-optimized services, technologies and products. Sophos is now the largest pure-play Managed Detection and Response (MDR) provider, supporting more than 28,000 organizations. In addition to MDR and other services, Sophos’ complete portfolio includes industry-leading endpoint, network, email, and cloud security that interoperate and adapt to defend through the Sophos Central platform. Secureworks provides the innovative, market-leading Taegis XDR/MDR, identity threat detection and response (ITDR), next-gen SIEM capabilities, managed risk, and a comprehensive set of advisory services. Sophos sells all these solutions through reseller partners, Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) worldwide, defending more than 600,000 organizations worldwide from phishing, ransomware, data theft, other every day and state-sponsored cybercrimes. The solutions are powered by historical and real-time threat intelligence from Sophos X-Ops and the newly added Counter Threat Unit (CTU). Sophos is headquartered in Oxford, U.K. More information is available at www.sophos.com.

About Pax8
Pax8 is the technology marketplace of the future, linking partners, vendors, and small to midsized businesses (SMBs) through AI-powered insights and comprehensive product support. With a global partner ecosystem of over 40,000 managed service providers, Pax8 empowers SMBs worldwide by providing software and services that unlock their growth potential and enhance their security. Committed to innovating cloud commerce at scale, Pax8 drives customer acquisition and solution consumption across its entire ecosystem.
Follow Pax8 on Blog, Facebook, LinkedIn, X, and YouTube.

The MIL Network –
February 21, 2025

MIL-OSI: Greystone Housing Impact Investors Reports Fourth Quarter 2024 and Annual 2024 Financial Results

Source: GlobeNewswire (MIL-OSI)

OMAHA, Neb., Feb. 20, 2025 (GLOBE NEWSWIRE) — On February 20, 2025, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced financial results for the three months and year ended December 31, 2024.

Financial Highlights

The Partnership reported the following results as of and for the three months ended December 31, 2024:

Net income of $0.39 per Beneficial Unit Certificate (“BUC”), basic and diluted
Cash Available for Distribution (“CAD”) of $0.18 per BUC
Total assets of $1.58 billion
Total Mortgage Revenue Bond (“MRB”) and Governmental Issuer Loan (“GIL”) investments of $1.25 billion

The difference between reported net income per BUC and CAD per BUC is primarily due to the treatment of unrealized gains on the Partnership’s interest rate derivative positions. Unrealized gains of approximately $7.0 million are included in net income for the three months ended December 31, 2024. Unrealized gains are a result of the impact of increased market interest rates on the calculated fair value of the Partnership’s interest rate derivative positions. Unrealized gains and losses do not affect our cash earnings and are added back to net income when calculating the Partnership’s CAD. The Partnership received net cash from its interest rate derivative positions totaling approximately $1.3 million during the fourth quarter.

The Partnership reported the following results for the year ended December 31, 2024:

Net income of $0.76 per BUC, basic and diluted
CAD of $0.95 per BUC

In December 2024, the Partnership announced that the Board of Managers of Greystone AF Manager LLC declared a regular quarterly distribution to the Partnership’s BUC holders of $0.37 per BUC. The distribution was paid on January 31, 2025, to BUC holders of record as of the close of trading on December 31, 2024.

Management Remarks

“2024 was a challenging year from a number of different perspectives,” said Kenneth C. Rogozinski, the Partnership’s Chief Executive Officer. “The conditions in the multifamily markets, both higher interest rates and operating expenses, presented challenges to our joint venture equity investments. Interest rate volatility also impacted the efficiency of some of our securitization transactions. However, we are encouraged by the opportunities that we are starting to see in 2025. The dedicated pool of capital that we have from the new BlackRock construction lending joint venture is a powerful new tool for us to serve our affordable housing developer relationship base.”

Recent Investment and Financing Activity

The Partnership reported the following updates for the fourth quarter of 2024:

Advanced funds on MRB and taxable MRB investments totaling $36.8 million.
Advanced funds on GIL, taxable GIL and property loan investments totaling $32.0 million.
Advanced funds to joint venture equity investments totaling $11.2 million.
Received proceeds from the sale of an MRB totaling $11.5 million.
Entered into the 2024 PFA Securitization Transaction representing fixed rate, matched term, non-recourse and non-mark to market debt financing totaling $75.4 million.

In January 2025, the Partnership received proceeds from the sale of Vantage at Tomball located in Tomball, Texas, totaling $14.2 million, inclusive of the Partnership’s initial investment commitment made in August 2020. The Partnership estimates it will not recognize any gain, loss, or CAD upon sale.

Investment Portfolio Updates

The Partnership announced the following updates regarding its investment portfolio:

All MRB and GIL investments are current on contractual principal and interest payments and the Partnership has received no requests for forbearance of contractual principal and interest payments from borrowers as of December 31, 2024.
The Partnership continues to execute its hedging strategy, primarily through interest rate swaps, to reduce the impact of changing market interest rates. The Partnership received net payments under its interest rate swap portfolio of approximately $1.3 million and $6.5 million during the three months and year ended December 31, 2024, respectively. From January 1, 2023 through December 31, 2024, the Partnership received net swap payments totaling $12.3 million or approximately $0.53 per BUC.
Six joint venture equity investment properties have completed construction, with three properties having previously achieved 90% occupancy. Four of the Partnership’s joint venture equity investments are currently under construction or in development, with none having experienced material supply chain disruptions for either construction materials or labor to date.

Earnings Webcast & Conference Call

The Partnership will host a conference call for investors on Thursday, February 20, 2025 at 4:30 p.m. Eastern Time to discuss the Partnership’s Fourth Quarter and full-year 2024 results.

For those interested in participating in the question-and-answer session, participants may dial-in toll free at (877) 407-8813. International participants may dial-in at +1 (201) 689-8521. No pin or code number is needed.

The call is also being webcast live in listen-only mode. The webcast can be accessed via the Partnership’s website under “Events & Presentations” or via the following link:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=T0wdPGmd

It is recommended that you join 15 minutes before the conference call begins (although you may register, dial-in or access the webcast at any time during the call).

A recorded replay of the webcast will be made available on the Partnership’s Investor Relations website at http://www.ghiinvestors.com.

About Greystone Housing Impact Investors LP

Greystone Housing Impact Investors LP was formed in 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, seniors and student housing properties. The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis. The Partnership expects and believes the interest earned on these mortgage revenue bonds is excludable from gross income for federal income tax purposes. The Partnership seeks to achieve its investment growth strategy by investing in additional mortgage revenue bonds and other investments as permitted by its Second Amended and Restated Limited Partnership Agreement, dated December 5, 2022 (the “Partnership Agreement”), taking advantage of attractive financing structures available in the securities market, and entering into interest rate risk management instruments. Greystone Housing Impact Investors LP press releases are available at www.ghiinvestors.com.

Safe Harbor Statement

Certain statements in this press release are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of statements that include, but are not limited to, phrases such as “believe,” “expect,” “future,” “anticipate,” “intend,” “plan,” “foresee,” “may,” “should,” “will,” “estimates,” “potential,” “continue,” or other similar words or phrases. Similarly, statements that describe objectives, plans, or goals also are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Partnership. The Partnership cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements. Risks and uncertainties include, but are not limited to: defaults on the mortgage loans securing our mortgage revenue bonds and governmental issuer loans; the competitive environment in which the Partnership operates; risks associated with investing in multifamily, student, senior citizen residential properties and commercial properties; general economic, geopolitical, and financial conditions, including the current and future impact of changing interest rates, inflation, and international conflicts (including the Russia-Ukraine war and the Israel-Hamas war) on business operations, employment, and financial conditions; uncertain conditions within the domestic and international macroeconomic environment, including monetary and fiscal policy and conditions in the investment, credit, interest rate, and derivatives markets; adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies, including in particular China, Japan, the European Union, and the United Kingdom; the general condition of the real estate markets in the regions in which the Partnership operates, which may be unfavorably impacted by pressures in the commercial real estate sector, incrementally higher unemployment rates, persistent elevated inflation levels, and other factors; changes in interest rates and credit spreads, as well as the success of any hedging strategies the Partnership may undertake in relation to such changes, and the effect such changes may have on the relative spreads between the yield on investments and cost of financing; the aggregate effect of elevated inflation levels over the past several years, spurred by multiple factors including expansionary monetary and fiscal policy, higher commodity prices, a tight labor market, and low residential vacancy rates, which may result in continued elevated interest rate levels and increased market volatility; the Partnership’s ability to access debt and equity capital to finance its assets; current maturities of the Partnership’s financing arrangements and the Partnership’s ability to renew or refinance such financing arrangements; local, regional, national and international economic and credit market conditions; recapture of previously issued Low Income Housing Tax Credits in accordance with Section 42 of the Internal Revenue Code; geographic concentration of properties related to investments held by the Partnership; changes in the U.S. corporate tax code and other government regulations affecting the Partnership’s business; and the other risks detailed in the Partnership’s SEC filings (including but not limited to, the Partnership’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K). Readers are urged to consider these factors carefully in evaluating the forward-looking statements.

If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, the developments and future events concerning the Partnership set forth in this press release may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this document. We anticipate that subsequent events and developments will cause our expectations and beliefs to change. The Partnership assumes no obligation to update such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, unless obligated to do so under the federal securities laws.

GREYSTONE HOUSING IMPACT INVESTORS LP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

		For the Three Months Ended December 31,							For the Years Ended December 31,
		2024			2023				2024				2023
Revenues:
	Investment income	$	20,056,000		$	20,010,343			$	80,976,706			$	82,266,198
	Other interest income		2,199,643			1,034,638				9,509,307				17,756,044
	Property revenues		–							–				4,567,506
	Other income		330,381			60,702				785,386				310,916
Total revenues			22,586,024			25,184,617				91,271,399				104,900,664
Expenses:
	Real estate operating (exclusive of items shown below)		–			573,255				–				2,663,868
	Provision for credit losses (Note 10)		(24,000	)		(466,000	)			(1,036,308	)			(2,347,000	)
	Depreciation and amortization		5,967			313,626				23,867				1,537,448
	Interest expense		15,840,620			16,849,384				60,032,007				69,066,763
	Net result from derivative transactions (Note 15)		(8,239,844	)		7,168,413				(8,495,426	)			(7,371,584	)
	General and administrative		4,787,849			4,889,014				19,652,622				20,399,489
Total expenses			12,370,592			29,327,692				70,176,762				83,948,984
Other income:
	Gain on sale of real estate assets		–			10,363,363				63,739				10,363,363
	Gain on sale of mortgage revenue bond		1,207,673			–				2,220,254				–
	Gain on sale of investments in unconsolidated entities		60,858			–				117,844				22,725,398
	Earnings (losses) from investments in unconsolidated entities		(1,315,042	)		(17,879	)			(2,140,694	)			(17,879	)
Income before income taxes			10,168,921			6,202,409				21,355,780				54,022,562
	Income tax expense (benefit)		36,398			(1,515	)			32,447				10,866
Net income			10,132,523			6,203,924				21,323,333				54,011,696
	Redeemable Preferred Unit distributions and accretion		(741,477	)		(622,590	)			(2,991,671	)			(2,868,578	)
Net income available to Partners		$	9,391,046		$	5,581,334			$	18,331,662			$	51,143,118

Net income available to Partners allocated to:
	General Partner	$	390,766		$	75,252			$	479,602			$	3,589,447
	Limited Partners – BUCs		8,937,983			5,472,230				17,587,205				47,209,260
	Limited Partners – Restricted units		62,297			33,852				264,855				344,411
		$	9,391,046		$	5,581,334			$	18,331,662			$	51,143,118
BUC holders’ interest in net income per BUC, basic and diluted		$	0.39		$	0.24		**	$	0.76		*	$	2.06		**
Weighted average number of BUCs outstanding, basic			23,115,162			22,947,795		**		23,071,141		*		22,929,966		**
Weighted average number of BUCs outstanding, diluted			23,115,162			22,947,795		**		23,071,141		*		22,929,966		**

*	The amounts indicated above have been adjusted to reflect the distribution completed on April 30, 2024 in the form of additional BUCs at a ratio of 0.00417 BUCs for each BUC outstanding as of March 28, 2024 on a retroactive basis.

**	On July 31, 2023, the Partnership completed a distribution in the form of additional BUCs at a ratio of 0.00448 BUCs for each BUC outstanding as of June 30, 2023 (the “Second Quarter 2023 BUCs Distribution”). On October 31, 2023, the Partnership completed a distribution in the form of additional BUCs at a ratio of 0.00418 BUCs for each BUC outstanding as of September 29, 2023 (the “Third Quarter 2023 BUCs Distribution”). On January 31, 2024, the Partnership completed a distribution in the form of additional BUCs at a ratio of 0.00415 BUCs for each BUC outstanding as of December 29, 2023 (the “Fourth Quarter 2023 BUCs Distribution”, collectively with the Second Quarter 2023 BUCs Distribution and the Third Quarter BUCs Distribution the “2023 BUCs Distributions”). The amounts indicated above have been adjusted to reflect the 2023 BUCs Distributions on a retroactive basis.

Disclosure Regarding Non-GAAP Measures – Cash Available for Distribution

The Partnership believes that CAD provides relevant information about the Partnership’s operations and is necessary, along with net income, for understanding its operating results. To calculate CAD, the Partnership begins with net income as computed in accordance with GAAP and adjusts for non-cash expenses or income consisting of depreciation expense, amortization expense related to deferred financing costs, amortization of premiums and discounts, fair value adjustments to derivative instruments, provisions for credit and loan losses, impairments on MRBs, GILs, real estate assets and property loans, deferred income tax expense (benefit), and restricted unit compensation expense. The Partnership also adjusts net income for the Partnership’s share of (earnings) losses of investments in unconsolidated entities as such amounts are primarily depreciation expenses and development costs that are expected to be recovered upon an exit event. The Partnership also deducts Tier 2 income (see Note 23 to the Partnership’s consolidated financial statements) distributable to the General Partner as defined in the Partnership Agreement and distributions and accretion for the Preferred Units. Net income is the GAAP measure most comparable to CAD. There is no generally accepted methodology for computing CAD, and the Partnership’s computation of CAD may not be comparable to CAD reported by other companies. Although the Partnership considers CAD to be a useful measure of the Partnership’s operating performance, CAD is a non-GAAP measure that should not be considered as an alternative to net income calculated in accordance with GAAP, or any other measures of financial performance presented in accordance with GAAP.

The following table shows the calculation of CAD (and a reconciliation of the Partnership’s net income, as determined in accordance with GAAP, to CAD) for the three months and years ended December 31, 2024 and 2023 (all per BUC amounts are presented giving effect to the BUCs Distributions described in Note 23 of the consolidated financial statements on a retroactive basis for all periods presented):

		For the Three Months Ended December 31,						For the Years Ended December 31,
		2024			2023			2024			2023
Net income		$	10,132,523		$	6,203,924		$	21,323,333		$	54,011,696
Unrealized (gains) losses on derivatives, net			(6,978,561	)		9,994,292			(2,097,900	)		3,173,398
Depreciation and amortization expense			5,967			313,626			23,867			1,537,448
Provision for credit losses ⁽¹⁾			(24,000	)		(466,000	)		(867,000	)		(2,347,000	)
Reversal of gain on sale of real estate assets ⁽²⁾			–			(10,363,363	)		–			(10,363,363	)
Amortization of deferred financing costs			466,105			710,271			1,653,805			2,461,713
Restricted unit compensation expense			436,052			473,127			1,891,633			2,013,736
Deferred income taxes			1,164			2,796			2,435			(362	)
Redeemable Preferred Unit distributions and accretion			(741,477	)		(622,590	)		(2,991,671	)		(2,868,578	)
Tier 2 income allocable to the General Partner ⁽³⁾			(309,858	)		(19,439	)		(309,858	)		(3,248,148	)
Recovery of prior credit loss ⁽⁴⁾			(17,156	)		(17,156	)		(69,000	)		(68,812	)
Bond premium, discount and acquisition fee amortization, net of cash received			(90,310	)		(42,900	)		1,247,066			(182,284	)
(Earnings) losses from investments in unconsolidated entities			1,315,042			17,879			2,140,694			17,879
Total CAD		$	4,195,491		$	6,184,467		$	21,947,404		$	44,137,323

Weighted average number of BUCs outstanding, basic			23,115,162			22,947,795			23,071,141			22,929,966
Net income per BUC, basic		$	0.39		$	0.24		$	0.76		$	2.06
Total CAD per BUC, basic		$	0.18		$	0.27		$	0.95		$	1.92
Cash Distributions declared, per BUC		$	0.37		$	0.367		$	1.478		$	1.46
BUCs Distributions declared, per BUC ⁽⁵⁾		$	–		$	0.07		$	0.07		$	0.21

⁽¹⁾	The adjustments reflect the change in allowances for credit losses which requires the Partnership to update estimates of expected credit losses for its investment portfolio at each reporting date. In connection with the final settlement of the bankruptcy estate of the Provision Center 2014-1 MRB in July 2024, the Partnership recovered approximately $169,000 of its previously recognized allowance credit loss which is not included as an adjustment to net income in the calculation of CAD.

⁽²⁾	The gain on sale of real estate assets from the sale of the Suites on Paseo MF Property represented a recovery of prior depreciation expense that was not reflected in the Partnership’s previously reported CAD, so the gain on sale was deducted from net income in determining CAD for 2023.

⁽³⁾	As described in Note 23 to the Partnership’s consolidated financial statements, Net Interest Income representing contingent interest and Net Residual Proceeds representing contingent interest (Tier 2 income) will be distributed 75% to the limited partners and BUC holders, as a class, and 25% to the General Partner. This adjustment represents 25% of Tier 2 income due to the General Partner.

	For the year ended December 31, 2024, Tier 2 income allocable to the General Partner consisted of approximately $310,000 related to the gain on sale of the Arbors at Hickory Ridge MRB in November 2024.

	For the year ended December 31, 2023, Tier 2 income allocable to the General Partner consisted of approximately $3.8 million related to the gains on sale of Vantage at Stone Creek and Vantage at Coventry in January 2023 and approximately $813,000 related to the gain on sale of Vantage at Conroe in June 2023, offset by a $1.4 million Tier 2 loss allocable to the General Partner related to the Provision Center 2014-1 MRB realized in January 2023 upon receipt of the majority of expected bankruptcy liquidation proceeds.

⁽⁴⁾	The Partnership determined there was a recovery of previously recognized impairment recorded for the Live 929 Apartments Series 2022A MRB prior to January 1, 2023. The Partnership is accreting the recovery of prior credit loss for this MRB into investment income over the term of the MRB consistent with applicable guidance. The accretion of recovery of value is presented as a reduction to current CAD as the original provision for credit loss was an addback for CAD calculation purposes in the period recognized.

⁽⁵⁾	The Partnership declared a distribution payable in the form of additional BUCs equal to $0.07 per BUC for outstanding BUCs as of the record date of March 28, 2024.

	The Partnership declared three separate distributions during 2023 each payable in the form of additional BUCs equal to $0.07 per BUC for outstanding BUCs as of the record dates of June 30, September 29, and December 29, 2023.

MEDIA CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com

INVESTOR CONTACT:
Andy Grier
Investors Relations
402-952-1235

The MIL Network –

February 21, 2025

MIL-OSI: BOS Announces the Passing of Chairman Ziv Dekel
Source: GlobeNewswire (MIL-OSI)

RISHON LE ZION, Israel, Feb. 20, 2025 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), an integrator of supply chain technologies announces with deep sorrow the passing of its Chairman, Mr. Ziv Dekel, after a long illness. The Board of Directors has initiated a search for a new Chairman and will provide updates in due course.

Eyal Cohen, CEO of BOS, stated:

“Ziv was a highly respected leader, mentor, and faithful friend to the entire team at BOS. He served as Chairman with dedication and leadership, significantly impacting the company’s strategic direction and success. Even in his final weeks, he continued to advise the Board, demonstrating his unwavering commitment to BOS.

“On behalf of the entire BOS team and the Board of Directors, I extend our deepest condolences to his family and loved ones. His wisdom and guidance will be deeply missed.”

About BOS.
BOS integrates cutting-edge technologies to streamline and enhance supply chain operations across three specialized divisions:
- Intelligent Robotics Division: Automates industrial and logistics inventory processes through advanced robotics technologies, improving efficiency and precision.
- RFID Division: Optimizes inventory management with state-of-the-art solutions for marking and tracking, ensuring real-time visibility and control.
- Supply Chain Division: Integrates franchised components directly into customer products, meeting their evolving needs for developing cutting-edge products.
For more information about BOS, please visit https://www.boscom.com/.

For additional information, contact:

The MIL Network –
February 21, 2025
MIL-OSI Global: Our research on dark web forums reveals the growing threat of AI-generated child abuse images

Source: The Conversation – UK – By Simon Bailey, Chair, International Policing and Public Protection Research Institute, Anglia Ruskin University

Ventura/Shutterstock

The UK aims to be the first country in the world to create new offences related to AI-generated sexual abuse. New laws will make it illegal to possess, create or distribute AI tools designed to generate child sexual abuse material (CSAM), punishable by up to five years in prison. The laws will also make it illegal for anyone to possess so-called “paedophile manuals” which teach people how to use AI to sexually abuse children.

In the last few decades, the threat against children from online abuse has multiplied at a concerning rate. According to the Internet Watch Foundation, which tracks down and removes abuse from the internet, there has been an 830% rise in online child sexual abuse imagery since 2014. The prevalence of AI image generation tools is fuelling this further.

Last year, we at the International Policing and Protection Research Institute at Anglia Ruskin University published a report on the growing demand for AI-generated child sexual abuse material online.

Researchers analysed chats that took place in dark web forums over the previous 12 months. We found evidence of growing interest in this technology, and of online offenders’ desire for others to learn more and create abuse images.

Horrifyingly, forum members referred to those creating the AI-imagery as “artists”. This technology is creating a new world of opportunity for offenders to create and share the most depraved forms of child abuse content.

Our analysis showed that members of these forums are using non-AI-generated images and videos already at their disposal to facilitate their learning and train the software they use to create the images. Many expressed their hopes and expectations that the technology would evolve, making it even easier for them to create this material.

Dark web spaces are hidden and only accessible through specialised software. They provide offenders with anonymity and privacy, making it difficult for law enforcement to identify and prosecute them.

The Internet Watch Foundation has documented concerning statistics about the rapid increase in the number of AI-generated images they encounter as part of their work. The volume remains relatively low in comparison to the scale of non-AI images that are being found, but the numbers are growing at an alarming rate.

The charity reported in October 2023 that a total of 20,254 AI generated imaged were uploaded in a month to one dark web forum. Before this report was published, little was known about the threat.

The harms of AI abuse

The perception among offenders is that AI-generated child sexual abuse imagery is a victimless crime, because the images are not “real”. But it is far from harmless, firstly because it can be created from real photos of children, including images that are completely innocent.

While there is a lot we don’t yet know about the impact of AI-generated abuse specifically, there is a wealth of research on the harms of online child sexual abuse, as well as how technology is used to perpetuate or worsen the impact of offline abuse. For example, victims may have continuing trauma due to the permanence of photos or videos, just knowing the images are out there. Offenders may also use images (real or fake) to intimidate or blackmail victims.

These considerations are also part of ongoing discussions about deepfake pornography, the creation of which the government also plans to criminalise.

Read more:
Deepfake porn: why we need to make it a crime to create it, not just share it

All of these issues can be exacerbated with AI technology. Additionally, there is also likely to be a traumatic impact on moderators and investigators having to view abuse images in the finest details to identify if they are “real” or “generated” images.

What can the law do?

UK law currently outlaws the taking, making, distribution and possession of an indecent image or a pseudo-photograph (a digitally-created photorealistic image) of a child.

But there are currently no laws that make it an offence to possess the technology to create AI child sexual abuse images. The new laws should ensure that police officers will be able to target abusers who are using or considering using AI to generate this content, even if they are not currently in possession of images when investigated.

New laws on AI tools should help investigators crack down on offenders even if they do not have images in their possession.
Pla2na/Shutterstock

We will always be behind offenders when it comes to technology, and law enforcement agencies around the world will soon be overwhelmed. They need laws designed to help them identify and prosecute those seeking to exploit children and young people online.

It is welcome news that the government is committed to taking action, but it has to be fast. The longer the legislation takes to enact, the more children are at risk of being abused.

Tackling the global threat will also take more than laws in one country. We need a whole-system response that starts when new technology is being designed. Many AI products and tools have been developed for entirely genuine, honest and non-harmful reasons, but they can easily be adapted and used by offenders looking to create harmful or illegal material.

The law needs to understand and respond to this, so that technology cannot be used to facilitate abuse, and so that we can differentiate between those using tech to harm, and those using it for good.

The authors 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. Our research on dark web forums reveals the growing threat of AI-generated child abuse images – https://theconversation.com/our-research-on-dark-web-forums-reveals-the-growing-threat-of-ai-generated-child-abuse-images-249067

MIL OSI – Global Reports –

February 21, 2025
MIL-OSI Global: Your dog may be wilder than you think, according to canine sleep research

Source: The Conversation – UK – By Deborah Wells, Reader, School of Psychology, Queen’s University Belfast

Rasulov/Shutterstock

Dogs may look adorable when they snooze, but their sleeping habits actually hold fascinating clues on how living with humans has shaped canine behaviour. The sleep-wake patterns of the dog can also serve as a useful model for human sleep and wellbeing research.

Domestic dogs have largely diurnal sleeping habits (awake during the day, asleep at night), aligning themselves to the lifestyle of their owners. Most of their sleep happens during the night, between the hours of 9pm and 6am. Unlike humans, however, dogs have frequent bouts of sleeping during the daytime, particularly in the afternoon.

A 2020 study estimated that the average pet dog sleeps for roughly ten hours a day. In reality, it is difficult to determine how much dogs sleep during a 24-hour period because drowsiness (resting with eyes closed) accounts for a considerable proportion of their daily activity. This has led to a large range of estimation (seven to 16 hours) in the amount of time that dogs devote to sleep.

The dog’s ancestor, the grey wolf, tends to show nocturnal (night-time active) or crepuscular (dawn and dusk active) sleep patterns in the wild. That said, wolves can show high variability in their activity, with human disturbance, food availability and weather conditions all influencing their sleep-wake cycles.

Captive wolves, like dogs, typically have a diurnal circadian rhythm, adapting their sleep-wake cycle to the feeding regimes and human activity in their environment. Free-ranging domestic dogs are more inclined to resemble wild canids in their sleep cycles, showing a greater propensity towards crepuscular or nocturnal activity. In urban areas feral dogs may, again, align their sleeping habits with human activity.

These cross-species studies suggest that domestication may not necessarily have changed the sleeping habits of dogs per se. Rather, sleep in dogs appears to be determined by human lifestyle and situational factors. Left to their own devices, however, dogs may be more likely to assume the sleeping habits of their wild ancestors.

The nature of sleep in dogs

Dogs have a number of sleep stages, including drowsiness, lighter non-rapid eye movement (NREM) sleep and deeper rapid eye movement (REM) sleep, where most, although not all, dreaming happens. Dogs devote more of their total sleep time to REM (roughly 2.9 hours a day) than humans (1.9 hours a day).

However, a 2022 study that involved researchers cuddling dogs and socialised wolves to sleep, found that dogs spent less time in REM sleep than the wolves.

Both species, however, spent a similar amount of time in the other stages of sleep. This raises questions about whether REM sleep is related to domestication. Species which are at high risk of being attacked while asleep typically spend less time in REM sleep than animals who live in safer environments, so the findings from this study are intriguing.

Dogs nap during the day more than people or wolves.
manushot/Shutterstock

Dogs engage in their deepest sleep during the night, and their daytime naps are relatively light. Like other animals, including rats and hedgehogs, dogs often wake up after a period of REM sleep, perhaps an evolutionary adaptation designed to force them out of their slumber to check for dangers in the environment.

These frequent and relatively brief sleep-wake cycles allow dogs to adjust to changes in their routine more readily than humans. Drug detection dogs, for example, have been found to cope remarkably well with changes to their working schedule, showing little disruption to their sleeping patterns.

As with humans, the duration and quality of sleep in dogs fluctuates, both day to day and over their lifespan. As dogs get older, their sleep becomes more fragmented, accompanied by decreased bouts of REM sleep at night and increased NREM sleep during the day.

Other factors, including canine sex, daytime activity, welfare, environmental conditions, and even social interactions, can affect sleep quality. Deprivations in daytime napping typically lead to quicker sleep onset and longer REM sleep at night, both for dogs and other animals.

Why do dogs sleep?

Scientists still don’t agree why dogs, or indeed other animals, sleep, although we do know that the process is heavily involved in physical restoration.

Memory consolidation (the conversion of short-term memory to long-term memory), closely linked to REM sleep, is perhaps the most studied function of sleep. Most of this work points to sleep’s important role in facilitating learning.

For example, in 2017 researchers in Hungary found that dogs’ memory recall significantly improved when the animals were taught unfamiliar words and then allowed to take a three hour period of sleep and rest.

The nature of sleep in dogs, as in humans, may be influenced by emotional processing. The 2017 Hungarian study found negative experiences, such as owner separation and approach from a threatening stranger, resulted in increased REM sleep and decreased drowsiness in the dogs. Further work on this aspect of sleep is much needed, particularly considering there are close parallels in cognitive functioning between humans and dogs.

Scientists already use dogs as a model for studying a range of sleep-related issues in humans, including sleep disorders, such as narcolepsy and REM behaviour disorder, and age-related changes similar to dementia in humans (cognitive dysfunction syndrome). Although still in its foetal stages, work in this area is starting to yield data that may be useful in helping us decipher early mechanisms for Alzeimher’s disease and treatment for age-related health problems.

It is clear that our dogs are not wasting their time slumbering on the sofa. There is still much to be learned from exploring the biological rhythms of the animals we share our lives with, so let those sleeping dogs lie.

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

– ref. Your dog may be wilder than you think, according to canine sleep research – https://theconversation.com/your-dog-may-be-wilder-than-you-think-according-to-canine-sleep-research-241981

MIL OSI – Global Reports –

February 21, 2025
MIL-OSI Global: Switching to electric vehicles will push the power grid to the brink

Source: The Conversation – UK – By Florimond Gueniat, Associate Professor in Mechanical Engineering, Birmingham City University

AdamEdwards / shutterstock

The UK’s pledge to reach net-zero emissions by 2050 hinges on replacing millions of petrol and diesel vehicles with cleaner alternatives. But transitioning to electric transport isn’t just about manufacturing new cars, installing chargers and so on. It’s a gargantuan energy generation challenge that could push the power grid to its limits.

In 2023, UK transport consumed about 46 million litres of petrol and diesel. If we convert that into electricity, it would be equivalent to 49.5 gigawatts (GW) of continuous power throughout a whole year. For perspective, this is about one-third more than the UK’s entire current electricity generation capacity.

In other words, every single power station in the UK could be devoted entirely to powering electric vehicles and it still wouldn’t be enough. But one might say we didn’t consider the efficiency of electric vehicles. Petrol and diesel engines waste about three quarters of their energy as heat, with only a small portion used to propel the car. Electric vehicles meanwhile waste only about one quarter.

Adjusting for this, the actual power needed if the UK went entirely electric drops to around 20 GW. It would still mean increasing today’s grid capacity by almost half (46%), corresponding to building 17 nuclear plants (1.2 GW each) or 5,800 skyscraper-sized wind turbines (3.5 MW each). Those wind farms would cost around £22 billion, while the nuclear plants would cost significantly more.

At the moment, less than 1% of vehicles in the UK are electric, which explains why there are no specific power issues – yet. But if the country did have a fully carbon-free fleet of vehicles, the associated surge in demand would strain infrastructure and risk large blackouts. California’s grid, for example, already faces stress during electric vehicle charging peaks, prompting warnings and forcing the state to put “managed charging” policies in place.

‘A gargantuan energy challenge’.
Supamotionstock.com / shutterstock

Massive upgrade needed

Most countries looking to switch to zero-carbon transport will need to massively upgrade their electricity grid and power plants. Renewable energy complicates matters as wind and solar can’t always meet demand spikes (you can burn more gas or coal when needed, but you can’t choose when the wind blows or the sun shines). Nuclear offers stable and massive output, but new plants can take decades to build and the public is often hostile.

Certain “smart” solutions could help things even if the grid itself isn’t overhauled. Electric vehicle batteries could be linked to the grid for instance, and used to store and supply power. Overnight, millions of cars will soak up electricity before releasing it when demand spikes again in the morning. Price discounts would encourage people to charge their cars at night, when demand for electricity is at its lowest.

This can help mitigate many of the issues related to wind and solar being intermittent. But it will cause batteries to deteriorate faster, and still won’t solve the problem of having to generate more electricity.

Electricity stored overnight can be very useful in the morning when millions of lights and kettles are switched on.
Smile Fight / shutterstock

One underappreciated strategy is empowering households and businesses that generate their own electricity via solar panels, small wind turbines, or even micro-hydro systems. By 2035, with vigorous policies, these “prosumers” could supply up to 15% of the UK’s electricity, easing grid strain and reducing reliance on centralised funding. Such policies in Germany have lead its prosumer networks to already offset 10% of the national demand.

Without such decentralised efforts, the financial burden of grid upgrades will fall entirely on taxpayers, at staggering costs. The alternative is a huge rise in price of electricity, felt by all, and a stalled transition.

No time to delay

Generating more power remains the core issue. Without urgent action, the transition to low-carbon transport could stall – or worse, overload the energy system. The governments of France, the UK and some other countries have recently begun to discuss increasing energy production, but the focus is on meeting AI-related demands rather than electricity for the next generation of vehicles.

Critically, net-zero will only happen with strong transport and energy policies in place. Governments must increase grid capacity and incentivise small-scale renewable generation through tax breaks and specially-designed payments. The alternative – delaying and relying solely on public funds – is economically unviable and politically risky.

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

– ref. Switching to electric vehicles will push the power grid to the brink – https://theconversation.com/switching-to-electric-vehicles-will-push-the-power-grid-to-the-brink-248814

MIL OSI – Global Reports –

February 21, 2025
MIL-OSI Global: More people are playing roller derby – here’s what that might mean for foot health

Source: The Conversation – UK – By Benjamin Bullen, Lecturer in Podiatric Medicine, University of Galway

Marben/Shutterstock

Popularised in the 2009 Drew Barrymore film, Whip It, roller derby is one of the fastest growing sports for women worldwide – particularly in the US.

While this roller speed-skating competition was originally established as a marathon race in the 1930s, the modern, kick-ass, punk-inspired, version began in the early 2000s.

Players wear four-wheeled “quad” roller skates and mandatory protective equipment, including a helmet, mouth and wrist guards and elbow and knee pads – but foot injuries are common. These often include bruising, torn ligaments, broken bones and toenail injuries – like the one featured in the image below.

Since roller derby is a growing sport, podiatrists like me will likely see more foot injuries from players, including bruising under the toenails and lost nails. Lost toenails are a common injury among these athletes due to the frequent quick turns and stops required during events.

Many roller derby athletes wear tight skates to improve responsiveness during quick turns and stops. Loose fitting boots can also increase the risk of ankle injuries, such as sprained or torn ligaments and broken ankle and foot bones.

Under pressure

It is not at all uncommon for people to have one foot longer than the other, which will increase pressure in the roller skate, particularly on the big toenail. Silicone toe protectors can be worn to reduce this pressure; however, they may also reduce the amount of available room in the toebox – front of the shoe.

Appropriate roller skate fit is essential to prevent such nail injuries and, much like other sports, shoes that are too short or too long may lead to recurring nail issues, such as “runner’s toe” – also known as a subungual hematoma – a painful, blackened toenail caused by repeated trauma.

Skates with a deeper and wider toebox may reduce the likelihood of injury. The front of the shoe may also be “punched-out” following gentle warming of the material. This can be achieved professionally with the assistance of special stretchers. In keeping with the “do-it-yourself” ethos of roller derby, though, skaters may use the rounded end of a broom handle to gently stretch the shoes over the big toenail area.

In addition, loose roller skate laces leave the ankle unstable and more likely to roll, leading to strains, sprains and even broken bones. Firm lacing secures the foot firmly within the roller skate, also reducing the potential for friction and the foot sliding forward within the roller skate, avoiding nail trauma.

Foot injury prevention

As a podiatrist, I advise patients to use protective dressings before playing sport, wear cushioning socks to absorb some of the force, and keep toe nails short with regular trimming. Some roller derby athletes have been known to apply superglue or nail glue to re-attach lifted nails – but this practice is not advised. Supergluing lost nails could cause lead to irritation, infection and further injury.

Keeping nails short and ensuring good roller skate fit and firm lacing are essential to prevent foot, ankle and toenail injuries. Whether a roller derby player or not, if you do experience foot and ankle issues, why not visit your friendly local podiatrist?

Later, skater.

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

– ref. More people are playing roller derby – here’s what that might mean for foot health – https://theconversation.com/more-people-are-playing-roller-derby-heres-what-that-might-mean-for-foot-health-248524

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