Category: Business

MIL-OSI: Prosafe SE: Prosafe enters agreement to sell Safe Concordia

Source: GlobeNewswire (MIL-OSI)

18 February 2025 – Prosafe SE, through a wholly owned subsidiary, has entered into an agreement to sell to an undisclosed party its 2005-built accommodation, safety and support semi-submersible vessel Safe Concordia, for a gross price of USD 5 million before commissions and expenses. The vessel is expected to be delivered to its new owner upon completion of her current charter obligations, within a window of March through June 2025. The sale of the vessel is subject to customary closing conditions and requirements.

For further information, please contact:

Terje Askvig, CEO Phone: +47 952 03 886
Reese McNeel, CFO Phone: +47 415 08 186

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to https://www.prosafe.com (https://www.prosafe.com/).

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Line Bliksmark, Marketing and Communications Manager, on February 18^th, 2024, at approx.16:00 CET.

The MIL Network –

February 19, 2025
MIL-OSI USA: St. Louis District 837 Readies For Upcoming Boeing Defense Negotiations
Source: US GOIAM Union

IAM District 837’s negotiating committee recently completed a negotiation preparation program ahead of upcoming contract talks with Boeing Defense in St. Louis. The week-long training covered essential skills, such as drafting contract language, presenting proposals, assessing the company’s strengths and weaknesses, and exploring various bargaining strategies. Aerospace Coordinators Bobby Barnwell, Stephen Jordan, and Instructor Jeff McLeod supported the program.

In June 2025, approximately 3,200 IAM District 837 members will begin contract negotiations with Boeing Defense. These members work across Boeing facilities in St. Charles, Mo., St. Louis, and Mascoutah, Ill.

The 2022 contract agreement included significant improvements:
- An average of a 14% general wage increase over three years, in addition to cost-of-living adjustments.
- No changes to existing comprehensive health insurance plans.
- Elimination of the two-tier wage system.
- Boosts auto progression rate from 50 to 65 cents per hour twice a year.
- Lead pay and second shift premium increases.
- Sick, parental, and funeral leave improvements.
“Our focus is on protecting and improving the livelihoods of IAM Union members at Boeing Defense in St. Louis,” said IAM International President Brian Bryant. “The negotiation prep program gives members the strategic tools to negotiate at the table with confidence.”

“Our members deserve a contract that reflects their hard work and dedication,” said IAM Midwest Territory General Vice President Sam Cicinelli. “This program ensures we’re ready to fight for fair wages, benefits, and working conditions.”

“As the landscape of collective bargaining continues to evolve, it’s crucial that we stay prepared with innovative and strategic approaches,” said IAM District 837 President and Directing Business Representative Boelling. “I appreciate the staff, instructors, and technical team at the Winpisinger Center for organizing this valuable in-person training.”

Share and Follow:

MIL OSI USA News –
February 19, 2025
MIL-OSI Global: Quantum effects make distant objects move together: new research finds this may happen with ripples in space

Source: The Conversation – Africa – By Partha Nandi, Postdoc Fellow, Stellenbosch University

An illustration of two black holes orbiting each other. Eventually they will merge, producing gravitational waves. Mark Garlick/Science Photo Library/Getty Images

Galaxies, planets, black holes: to most people, everything about our Universe sounds and feels enormous. But while it’s true that much of what happens millions of light years away is large, there are also processes happening at the quantum end of the scale. That’s the branch of science which explains how nature works at very small scales – smaller than atoms. At this level, things behave in surprising ways.

Theoretical physicists Partha Nandi and Bibhas Ranjan Majhi explored the possibility that gravitational waves – ripples in space caused by massive objects moving or colliding – might exhibit quantum properties. They shared their findings with The Conversation Africa.

What are gravitational waves?

Simply put, they’re like tiny ripples in space, similar to the waves you see when you splash water. They occur when really heavy things in space, like stars or black holes, move around or crash into each other. These ripples then travel across space and carry energy.

They’re also far more than that: they are a method of communication. They carry information about massive cosmic events, helping scientists to “listen” to space in a way that wasn’t possible before their existence was confirmed.

In 1916 the legendary theoretical physicist Albert Einstein published a groundbreaking paper that laid out his theory of general relativity. He described gravity not as a force, but as the bending of space and time caused by massive objects. This bending affects how objects move, just like a heavy ball placed on a stretched rubber sheet makes smaller objects roll toward it.

Einstein accurately predicted the motion of planets, black holes, and even how light bends around massive objects – and the existence of gravitational waves rippling in space-time when those massive objects move or collide.

Read more:
Curious Kids: what are gravitational waves?

It took nearly 100 years for Einstein’s hypothesis about gravitational waves to be confirmed. That’s when the Laser Interferometer Gravitational-Wave Observatory (LIGO) in the US detected these waves for the first time. It took such a long time because despite how huge they sound, gravitational waves are minute: they stretch or squeeze space by a factor 1,000 times smaller than the size of an atom. Special tools were needed to spot them and LIGO’s cutting-edge technology was up to the task.

You argue that some gravitational waves are quantum in nature. What does that mean?

“Quantum” is the branch of science that explains how nature works at very small scales – smaller than atoms. At this level, things behave in surprising ways.

For instance, tiny particles can behave like waves. They can also exist in more than one state at the same time, which is called superposition. Additionally, they can be mysteriously linked so that a change in one instantly affects the other, no matter how far apart they are. This is called entanglement.

Read more:
Quantum entanglement: what it is, and why physicists want to harness it

Photons are a good example. These are particles of light, and scientists have proved that they behave in these “quantum” ways, such as being able to exist in superposition or becoming entangled with each other.

Entanglement is a kind of connection but it’s much deeper than a simple link. When two objects are entangled, they share something called a quantum state. This describes everything about a particle or system. It’s like a blueprint, but instead of fixed details, it gives the chance of finding the particle under different conditions, such as its position or speed.

When two objects share a quantum state, their behaviour becomes mysteriously linked. If you measure one object, the state of the other will immediately adjust to match, no matter how far apart they are. This is what makes entanglement so special and unlike anything we see in the everyday world.

What did your research reveal?

We hypothesised that gravitational waves could have both classical and quantum properties. The ones detected by LIGO so far follow classical behaviour, matching Einstein’s theory of general relativity.

But the current LIGO detectors aren’t sensitive enough to detect quantum effects, and there’s been no way to know whether our hypothesis is correct. So we modelled a detector similar to the latest generation of LIGO, which has mirrors attached to arms that can move and vibrate.

Classical gravitational waves cause the mirrors to move in specific ways, but in our study quantum gravitational waves – tiny ripples caused by particles called “gravitons” – affected the mirrors differently. They can make the mirrors’ oscillation modes become entangled: parts of the motion move together in ways that classical waves cannot create.

To visualise this, imagine two wind chimes far apart, swaying in sync because of an invisible breeze. Here, the quantum gravitational waves are like that breeze. They make distant objects move together in a way that classical gravitational waves cannot.

This suggests that at very small scales, gravitational waves may show quantum features, like entanglement, which can’t be explained classically. We’re not suggesting that all gravitational waves are quantum. However, this does not imply that all gravitational waves are quantum in nature. Instead, those originating from the early universe, approximately 13.8 billion years ago, may carry quantum signatures. These types of gravitational waves may encode information about the early universe, especially around the time of the Big Bang, and how they may have changed over time.

Why is this an important finding?

Confirming the quantum nature of gravitational waves bridges Einstein’s relativity with quantum mechanics, solving a puzzle that has challenged physics for decades: the difficulty of reconciling the principles of general relativity, which describes gravity on a large scale, with the laws of quantum mechanics, which govern the behaviour of particles at the smallest scales.

This breakthrough could revolutionise our understanding of the universe. The quantum nature of gravitational waves could help advanced sensors detect faint cosmic signals and provide insights into the universe’s origins, black hole behaviour, and the fabric of reality. While LIGO has already made great progress in measuring gravitational waves, exploring their quantum side opens up a new field of physics.

Read more:
Gravitational waves: will the global south provide the next pulse of gravity research?

It’s important to note that more research will be needed to test and replicate our findings in different experimental settings. We’re far from the only people studying these phenomena and we hope our findings will strengthen the efforts of South African institutions such as the National Institute for Theoretical and Computational Sciences (NITheCS) and the Astrophysics Research Group at Stellenbosch University which contribute to gravitational wave astrophysics through data analysis, collaboration and theoretical work.

Advances in technology will also play a key role in expanding quantum gravitational wave research opportunities. The LIGO-India observatory, due to become operational by 2030, will be one such possible experimental setting.

Partha Nandi receives funding from the University of Stellenbosch. as a posdoctoral fellowship.

Bibhas Ranjan Majhi 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. Quantum effects make distant objects move together: new research finds this may happen with ripples in space – https://theconversation.com/quantum-effects-make-distant-objects-move-together-new-research-finds-this-may-happen-with-ripples-in-space-245050

MIL OSI – Global Reports –

February 19, 2025
MIL-OSI Global: Trump’s lurking assault on Canada rests on endless lies and irrational populism

Source: The Conversation – Canada – By Ilan Kapoor, Professor, Critical Development Studies, York University, Canada

United States President Donald Trump has temporarily put his trade war against Canada and Mexico on hold after vowing to slap 25 per cent tariffs on most Canadian and Mexican imports, although he’s imposed tariffs on all steel and aluminum, including from Canada.

He has also upped the ante by threatening to increase tariffs should Canada carry through on its own threat of retaliatory tariffs, with the possibility of further sanctions in the spring following a U.S. government study investigating ways to address the country’s trade deficits.

This is nothing less than an attempt at the economic subordination of Canada by its giant and — until very recently — friendly neighbour and ally. But what makes Trump’s impending trade war even more absurd is that it is based on a series of lies.

Trade, drugs, migrants, banks

Trump has claimed that the U.S. has a “US$200 or $250 billion” trade deficit with Canada. The American government’s own data show that the trade in goods deficit with Canada in 2024 was US$55 billion.

But when you factor in services (in technology or finance), an area in which the U.S. currently enjoys a trade surplus, the annual U.S.-Canada annual trade deficit falls to US$45 billion. And if you exclude energy exports, sold to the U.S. at a discount, the trade scales tip decidedly in favour of the U.S.

Then we also have Trump’s claim that tariffs are needed to penalize Canada for allowing an “invasion” of drugs (mainly fentanyl) and undocumented migrants into the U.S.

But once again, figures from his own government agencies show that only 1.5 per cent of migrants apprehended in 2024, and a mere 0.2 per cent of all fentanyl impounded at U.S. borders in 2024, originated in Canada.

Finally, just hours before the American reprieve on tariffs, Trump raised a new red herring: that Canada does not allow American banks into the country. But many U.S. banks do operate in Canada, making up half of the country’s foreign banking assets.

The grip of populism

So why such lies? I suggest that we need to look to nationalist populism for an explanation. A deep, often irrational, emotional bond underpins this form of populism.

Just as was the case in his 2016 election campaign, Trump’s 2024 campaign successfully tapped into people’s frustrations and anxieties over everything from high food prices to the housing crisis and rising precarious employment as he promised once more to “make America great again.”

Tariffs featured prominently, with Trump bidding to put “America First” by punishing the country’s three largest trading partners — Mexico, Canada and China — for their alleged “unfair” trade practices.

These types of seductive populist slogans unite people under a common banner, soothing their anxieties. But the accompanying peril is their dependence on the construction of national enemies to unify the nation. In 2016, Trump singled out Muslims and Mexicans. Today it is migrants, trans people and America’s supposed three main trading villains.

Dangerous sentiments

Trump’s populism is therefore built on irrational, if not dangerous, sentiments: blind fear, pridefulness, xenophobia, transphobia, racism and aggression.

No wonder he engages in both blatant falsehoods and unabashed bullying. His lies are integral to his continuing attempts to paint the U.S. as a victim, despite its global supremacy in many areas, thereby justifying attempts at subordinating America’s putative “enemies” and even its friends. Populist sentiment, precisely because it is rooted in the irrational exuberance of pride and unity, cares little about facts, logic or veracity.

A case in point is Trump’s affirmation that the U.S. is “subsidizing” Canada as a result of the trade deficit. The allegation contravenes any economic sense — trade deficits are the result of market-driven imports exceeding exports — yet its deployment here evokes the anxiety-producing prospect that Canada is ripping off American taxpayers.

Populist passion trumps rational argument. Bluster whips up national fervour.

Much ado about nothing

This is also why Canada’s efforts to appease Trump have yielded little to date. Days after Trump’s election win, Prime Minister Justin Trudeau was quick to visit him at his Florida estate in an attempt to reassure him on fentanyl and migrants.

The Canadian government then announced a $1.3 billion border security package and improved state oversight of the production of opioids.

In the days leading up to Trump’s tariff executive order, Canadian federal ministers and provincial premiers also frantically engaged in a public relations offensive (interviews on American TV, meetings with congressional lawmakers and Trump’s cabinet nominees) aimed at changing minds. All to no avail.

Trump finally blinked only a few hours before the Feb. 4 tariff deadline. All it took was the offer by Trudeau of measures that, for the most part, had already been included in the previously announced border security/fentanyl measures. It seems the repackaged deal was enough to allow the president to declare a victory, while granting Canada a mere temporary reprieve.

Read more:
Trump’s tariff threats show the brute power of an imperial presidency

So all in all, much ado about not too much. Lots of theatrics and brinkmanship, but little advancement, especially on the supposed main problem to be addressed — trade deficits.

The Trump administration has basically stuck to its populist platform, providing more evidence that rational decision-making does not play a role.

Quite the opposite, in fact: attempts to appease Trump appear to have been taken as proof that his threats work, and more demands are undoubtedly in store. That’s evident by the continuing prospect of tariffs in March and the possibility of more to come afterwards (including on steel and aluminum).

Self-defeating irrationality

Trump’s tariff war is senseless. If the measures go ahead, they could plunge Canada into a painful recession requiring state stimulus to support the economy and jobs, and retaliatory and counter-retaliatory trade measures.

This may well be Trump’s intention — he has declared he wants to annex Canada by “economic force” — but it is likely to backfire. Any future trade war will harm not just Canada, Mexico and China, but also the U.S.

Canada’s counter-tariffs target Red States, where Trump derives most of his electoral support.

And given the American dependence on Canada for some 50 per cent of its crude oil imports, Canada’s nuclear option is to impose export tariffs on oil to the U.S. That would cause American prices at the pump to increase dramatically overnight and prove highly unpopular.

In the longer term, then, no one stands to win as a consequence of Trump’s irrational populist policy-making. In the meantime, expect not much else from Trump’s administration than more unpredictability, brinkmanship, intimidation … and, yes, lies.

Ilan Kapoor 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. Trump’s lurking assault on Canada rests on endless lies and irrational populism – https://theconversation.com/trumps-lurking-assault-on-canada-rests-on-endless-lies-and-irrational-populism-249256

MIL OSI – Global Reports –

February 19, 2025
MIL-OSI United Kingdom: New local Asian fashion business moves into city centre Pop Up

Source: City of Portsmouth

Local Southsea business SP Collections have moved into the city centre Portsmouth Pop Up shop to sell Asian inspired clothing and jewellery. This start up business is hitting the ground running by trialling high street retail as part of Portsmouth City Council’s pop-up shop scheme that is designed to help local businesses grow.

SP Collections is a fashion brand inspired by the rich heritage of Asian culture offering an elegant range of attire, including sarees, salwar kameez, abayas, long dresses, and jewellery.

Shama Parveen, founder and owner of SP Collections said:

‘I am truly grateful for the pop-up scheme as it provides an incredible opportunity to showcase my products to a wider audience.

Previously, I sold at local pop-up markets, but these occasional events weren’t enough to sustain consistent growth. This initiative offers a fantastic platform for small businesses like mine to connect with new customers in Portsmouth.

SP Collections was born from the desire to bring authentic, Asian-inspired clothing to Portsmouth’s diverse community. We understand the challenges with finding modest, stylish Asian fashion locally. That’s why we’re dedicated to making these beautiful pieces easily accessible, without compromising on quality, style, or authenticity.”

The Portsmouth Pop Up enables local entrepreneurs and small businesses to trade in a high street location without the commitment or cost of a longer-term lease.

Councillor Steve Pitt, Leader of the council with responsibility for economic development said:

“Pop Up shop schemes can breathe new life into our high streets, whilst giving independent businesses a great opportunity to have a shop front in a prime retail location.

“One year on since the Portsmouth Pop Up initiative began, it’s great to see its success in supporting local businesses like SP Collections. This is a fantastic example of how we’re working together to strengthen our economy and providing the necessary support businesses need to grow”

The Portsmouth Pop-Up shop, a joint venture between Portsmouth City Council, Cascades, and Flude, opened last year to address the increasing demand for business space in the city. The first tenant, Goly Natural, a local natural skincare business, has been so successful that they plan to establish a permanent shop this year.

Businesses can apply to rent the pop-up shop in Cascades, in Portsmouth’s city centre for a minimum of 13 weeks giving them a chance to engage with customers and launch products and services.

For more information visit Portsmouth Pop Up

MIL OSI United Kingdom –

February 19, 2025
MIL-OSI Russia: SPbGASU student teams are recruiting new fighters

Translartion. Region: Russians Fedetion –

Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Student Team Day at SPbGASU

On the Day of Russian Student Teams on February 17, student teams of SPbGASU held an event to attract new candidates to their ranks. The guys talked about team life, handed out leaflets, sang and even boxed.

Students were offered to test their knowledge of the history of the university and the detachment movement in a quiz format. Prizes were raffled off among the participants.

“We need new, energized people to grow and develop,” explained Georgy Galayev, commander of the Hermes student agricultural team and a third-year student in the Faculty of Engineering Ecology and Urban Economy. This is Georgy’s first year in the team, but he already holds a responsible position. Georgy said that before this he worked in the Kusto team, but realized that he still needed the sun and vitamin D.

Sofia Sidorova (commissioner) and Daria Gorbunova (commander) of the SPO “Svoboda”

You can also get a lot of sun and vitamin D by joining the pedagogical team “Freedom”. “We go only to places where there is a sea. This is our rule,” said team leader Darya Gorbunova, a second-year student at the Faculty of Engineering Ecology and Urban Economy. “Every summer, the team works two shifts. And before work, they rest – to gain strength, get a good tan and start teaching children happy and full of energy.”

Vadim Fedotov, a fifth-year student at the Automobile and Road Engineering Department, represented the Kusto team. Kusto spends its working seasons mostly in the North. Vadim was invited to join the movement in his second year. Deciding that student teams were similar to school practice, Vadim initially refused. But in his third year, he decided to give it a try. He liked it and stayed.

Sergey Voronin, a fourth-year undergraduate student at the Faculty of Architecture, a fighter, and former commissar of the Lin student archaeological squad, shared his story: “For three years I have been spinning in a whirlpool of youth and fun – in squads! I have gone from a candidate to a fighter and leader of cultural and mass activities, a commissar. In the summer, I always had a backpack on my back, and ahead were endless natural spaces that leave memories for a lifetime. The rest of the year, there are many cool university, city, and all-Russian events of various types: entertaining, educational, creative, and sincere. And the list of informal friendly meetings is endless, with an incredible story for each one! Spontaneity, energy, and adventurism accompany us on adventures every time. The only thing missing is you!”

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 19, 2025
MIL-OSI: Q4 2024 Auto and Property Insurance Shopping Increased 20% Compared to Q4 2023

Source: GlobeNewswire (MIL-OSI)

CHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) — Both auto and property insurance shopping saw 20% year-over-year increases in Q4 2024, according to TransUnion (NYSE: TRU) research. However, profitability for auto and property insurance was uneven.

While auto insurance has come close to achieving rate adequacy, the property insurance market has been constrained due to limited rate increases and losses from natural disasters, like hurricanes Helene and Milton. What’s more, 2025 is already off to a bad start with wildfires in southern California posing significant losses for insurers.

Both auto and property insurance shopping were driven primarily by consumers’ continued search for lower rates. These findings and more are included in TransUnion’s latest quarterly Insurance Personal Lines Trends and Perspectives Report.

“The current market provides great potential for acquisition,” said Patrick Foy, senior director of strategic planning for TransUnion’s Insurance business. “The best moves insurers can make to procure high quality prospects is to use data segmentation enabling them to market to the best potential customers.”

Traffic court data proves indispensable
Driving record information is one of the most predictive variables for assessing an individual across the policy lifecycle. Legacy approaches, like referencing state motor vehicle records (MVRs), can have gaps and limitations—and are expensive to obtain.

However, traffic court records cost significantly less to access, and they provide a more comprehensive picture of a driver’s past violations. For example, TransUnion’s latest report estimates that 11% of drivers have a ratable violation that can be identified by traffic court records but remain absent from MVRs.

Insurers who access traffic court data through solutions like TransUnion’s TruVision™ Driving History solutions suite, can improve the quality of leads and increase customer lifetime value. These solutions can be deployed at any time across the policy lifecycle.

In addition, understanding generational preferences can help insurers be effective across channels. While younger shoppers prefer a seamless digital experience, Baby Boomers still prefer the phone channel for discussing policy details. TruAudience® suite of marketing solutions can help insurers with identity resolution, audience building and measurement.

Read the latest Insurance Personal Lines Trends and Perspectives Report.

About TransUnion’s Insurance Personal Lines Trends and Perspectives Report
This quarterly publication examines trends in the personal lines insurance industry, including shopping, migration, violation, credit-based insurance stability and more. The Trends and Perspectives Report research is based almost entirely on TransUnion’s extensive internal data and analyses. It includes information on insurance shopping transactions from July 2023 to December 2024. However, the report excludes shopping data from insurance customers in California, Hawaii (auto), Massachusetts (auto), and Maryland (property), where credit-based insurance scoring information is not used for insurance rating or underwriting.

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 david.blumberg@transunion.com

Telephone 312-972-6646

The MIL Network –

February 19, 2025

MIL-OSI: Leishen Energy Holding Co., Ltd. Announces Fiscal Year 2024 Financial Results Highlighting Strong Operating Cash Flow and Stable Gross Margins

Source: GlobeNewswire (MIL-OSI)

BEIJING, Feb. 18, 2025 (GLOBE NEWSWIRE) — Leishen Energy Holding Co., Ltd. (“Leishen Energy”), a leading provider of clean-energy equipment and integrated solutions for the oil and gas industry, today announced its fiscal year 2024 financial results, showcasing robust performance driven by effective cost management, strategic market expansion, and growing demand for the Company’s innovative product offerings.

Fiscal Year 2024 Financial Highlights

Operating Cash Flow Grows 243%, rising to USD $15.07 million in fiscal year 2024, up from USD $4.39 million in fiscal year 2023, marking a more than 243% year-over-year increase. This sharp rise was driven by robust accounts receivable collections, efficiency gains, and disciplined costs.
Total Revenues were USD $69.07 million, compared to USD $73.08 million in fiscal year 2023, representing a 5.5% decrease year-over-year. The decline was primarily attributable to lower sales of clean-energy equipment in the domestic market, partially offset by growth in the Company’s new energy business.
Gross Profit totaled USD $16.03 million, down from USD $18.38 million in the prior year, reflecting a gross margin of 23.2% (25.1% in fiscal year 2023). The margin decrease was primarily driven by lower margins in oil and gas engineering technical services.
Net Income was USD $7.99 million, compared to USD $11.63 million in fiscal year 2023, reflecting a 31.3% decrease.
Operating Expenses rose from USD $6.49 million in fiscal year 2023 to USD $8.48 million in fiscal year 2024, largely due to higher selling and marketing costs associated with international market expansion, as well as increased research and development.
Net Income Attributable to Leishen Energy was USD $8.10 million, reflecting a decrease of USD $3.76 million year-over-year.

Segment Performance

Clean-Energy Equipment
- Revenue declined by 14.6% year-over-year, to USD $33.82 million, mainly due to reduced domestic orders amid tighter market competition and lower selling prices for certain common products. The segment contributed 49.0% of total revenues.
Digitalization and Integration Equipment
- Revenue was USD $3.08 million, reflecting a modest year-over-year decline. Gross margin improved to 18.2% as the Company continued to streamline costs and enhance efficiency.
New Energy Sales
- Revenue grew 11.3%, reaching USD $25.82 million, driven by increased demand for natural gas. The Company added a major new client in fiscal year 2024, contributing over USD $1.5 million in revenue.
Oil and Gas Engineering Technical Services
- Revenue was USD $6.35 million, representing a decrease of 8.4% from the prior year, due to intensified pricing pressure and customers adopting lower-cost operating models. Despite increased competition, the Company continues to develop new projects at home and abroad.

Management Commentary

“We are pleased to report that while Leishen Energy experienced year-over-year declines in revenue and profitability in fiscal 2024, we have strengthened our position in new energy sales and increased our presence in international markets,” said Hongliang Li, Chief Executive Officer of Leishen Energy. “The successful expansion of our customer base—particularly in overseas regions—and ongoing investments in research and development underscore our commitment to delivering innovative, high-performance energy solutions.”

Zhiping Yu, Chief Financial Officer, added: “As we navigate near-term market pressures, we remain focused on cost optimization and strategic capital allocation. We believe our prudent balance sheet management, coupled with targeted investments in key growth areas, will help us enhance our financial performance and maintain sustainable returns for our shareholders in the years to come.”

Business Outlook

The Company aims to capitalize on the following growth drivers and strategic initiatives in fiscal year 2025 and beyond:

International Expansion: Continued pursuit of overseas projects in Central Asia, Southeast Asia, and the Middle East, including joint reserve warehouses of spare parts with major oilfields and new power plant operation and maintenance projects in Africa.
Technology and Innovation: Further investment in research and development to strengthen patented technologies, with 72 patents now held across clean-energy equipment, oil and gas engineering technical services, and new energy production and operation.
Customer Diversification: Ongoing efforts to deepen relationships with long-standing domestic clients while expanding the Company’s international customer pipeline, particularly in digitalization and integration equipment sales.
Operational Efficiencies: Enhancement of cost-control measures, rigorous supply chain management, and new supplier partnerships to mitigate inflationary pressures and disruptions.

LEISHEN ENERGY HOLDING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
	2024						2023						Variance
	Amount			% of revenue			Amount			% of revenue			Amount			%
Revenues	$	69,073,374			100.0	%	$	73,084,448			100.0	%	$	(4,011,074	)		(5.5	)%
Cost of revenues		(53,038,855	)		(76.8	)%		(54,705,407	)		(74.9	)%		1,666,552			(3.0	)%
Gross profit		16,034,519			23.2	%		18,379,041			25.1	%		(2,344,522	)		(12.8	)%

Operating expenses:
Selling and marketing		2,053,194			3.0	%		775,957			1.1	%		1,277,237			164.6	%
General and administrative		5,979,890			8.7	%		5,553,912			7.6	%		425,978			7.7	%
Research and development		449,542			0.7	%		158,657			0.2	%		290,885			183.3	%
Total operating expenses		8,482,626			12.4	%		6,488,526			8.9	%		1,994,100			30.7	%

Income from operations		7,551,893			10.8	%		11,890,515			16.2	%		(4,338,622	)		(36.5	)%

Other income (loss):
Interest expense		(57,018	)		(0.1	)%		(67,964	)		(0.1	)%		10,946			(16.1	)%
Exchange (loss) gains		(18,107	)		0.0	%		280,538			0.4	%		(298,645	)		(106.5	)%
Gain from equity investment		81,150			0.1	%		80,616			0.10	%		534			0.7	%
Net investment income		445,271			0.6	%		108,671			0.1	%		336,600			309.7	%
Other expenses, net		171,845			0.2	%		71,850			0.0	%		99,995			139.2	%
Total other income, net		623,141			0.8	%		473,711			0.6	%		149,430			31.5	%

Income before income taxes		8,175,034			11.6	%		12,364,226			16.8	%		(4,189,192	)		(33.9	)%

Provision for income taxes		184,818			0.3	%		729,506			1.0	%		(544,688	)		(74.7	)%

Net income		7,990,216			11.3	%		11,634,720			15.8	%		(3,644,504	)		(31.3	)%
Net loss attributable to non-controlling interests		(105,655	)		(0.2	)%		(223,870	)		(0.3	)%		118,215			(52.8	)%
Net income attributable to Leishen Energy Holding Co., Ltd.	$	8,095,871			11.5	%	$	11,858,590			16.1	%	$	(3,762,719	)		(31.7	)%

LEISHEN ENERGY HOLDING CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

	As of September 30,
	2024			2023
	US$			US$
ASSETS
Current Assets:
Cash	$	5,811,798		$	4,567,608
Restricted cash		1,489,216			–
Short-term investments		17,850,648			7,234,607
Accounts receivable, net		21,826,297			30,742,914
Notes receivable		1,054,528			1,304,004
Advance to suppliers, net		5,896,595			5,637,829
Inventories		5,396,634			7,877,202
Due from related parties		31,535			44,848
Loan receivable – related party		822,878			–
Prepaid expenses and other current assets, net		1,567,060			1,351,049
Total current assets		61,747,189			58,760,061

Non-current assets:
Long-term investments		1,758,515			1,670,461
Deferred offering costs		437,653			271,155
Property and equipment, net		4,111,919			3,838,135
Intangible assets		140,070			152,901
Operating lease right-of-use assets, net		668,259			712,065
Loans receivable, non-current		725,699			–
Other non-current assets		44,746			52,351
Total non-current assets		7,886,861			6,697,068

Total Assets	$	69,634,050		$	65,457,129

LIABILITIES AND EQUITY
Current Liabilities:
Short-term loans	$	50,899		$	1,090,378
Accounts payable		10,731,238			11,758,870
Advance from customers		2,292,728			1,465,285
Taxes payable		3,418,725			2,755,661
Due to related parties		9,239,059			13,387,546
Operating lease liabilities		68,291			62,057
Other payables and other current liabilities		1,339,969			1,303,371
Total current liabilities		27,140,909			31,823,168

Non-current Liabilities:
Long-term loans		1,127,380			49,676
Deferred tax liabilities, net		307,513			1,175,703
Operating lease liabilities, non-current		602,735			650,007
Total non-current liabilities		2,037,628			1,875,386

Total Liabilities		29,178,537			33,698,554

Equity:
Ordinary shares, par value $0.001 per share, 50,000,000 shares authorized; 15,500,000 shares issued and outstanding*		15,500			15,500
Subscription receivable		(15,500	)		(15,500	)
Additional paid-in capital		1,617,966			1,617,966
Statutory reserves		1,690,994			1,565,649
Retained earnings		37,339,006			29,368,480
Accumulated other comprehensive loss		(861,374	)		(1,746,809	)
Total equity attributable to Leishen Energy Holding Co., Ltd		39,786,592			30,805,286
Non-controlling interests		668,921			953,289
Total Equity		40,455,513			31,758,575

Total Liabilities and Equity	$	69,634,050		$	65,457,129

About Leishen Energy Holding Co., Ltd.

The Leishen Group was founded in 2007 and is a China-based provider of clean-energy equipment and integrated solutions for the oil and gas industry, with a commitment to providing customers with high-performance, safe and cost-effective energy solutions. Our major lines of business include (i) sale of clean-energy industry; (ii) new energy production and operation; (iii) digitalization and integration equipment; and (iv) oil and gas engineering technical services. At present, the Group holds more than 70 patents and software copyrights, forming a comprehensive ecosystem of core technical capabilities. Currently, our business operations have expanded beyond the PRC to Central Asia, and Southeast Asia, and our service abilities and quality have been widely recognized and praised by foreign customers. Efficient, safe and energy-saving equipment combined with professional technical services have enabled our brand to gain positive attention and recognition from our customers and enabled us to become a well-known equipment and services provider in the oil and gas industry. For more information, please visit the Company’s website: www.r-egroup.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s share offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:

Investor Relations

Michael Wei
Email:hwey@horizonconsultancy.co

The MIL Network –

February 19, 2025

MIL-OSI: NextNRG Inc. Announces Fleet Fueling Agreement with Florida Beauty, a Division of Mogul Energy International, Inc., Supporting High-Demand Floral Logistics

Source: GlobeNewswire (MIL-OSI)

MIAMI, Feb. 18, 2025 (GLOBE NEWSWIRE) — NextNRG Inc. (“NextNRG” or the “Company”) (NASDAQ: NXXT), a pioneer in Artificial Intelligence and Machine Learning applications for energy solutions, today announced its fueling-division EzFill, has entered into a fleet fueling agreement with Florida Beauty, a division of Mogul Energy International, Inc. (OTCMARKETS: MGUY), a publicly traded company specializing in refrigerated logistics and the transportation of time- and temperature-sensitive cargo.

This strategic collaboration highlights NextNRG’s focus on rapidly expanding its commercial fleet fueling services while providing additional shareholder value for both companies through operational synergies and innovative solutions. Under the agreement, NextNRG will deliver mobile fueling solutions to Florida Beauty’s fleet of over 200 semi-trucks and 300 refrigerated trailers.

Florida Beauty is one of the nation’s largest floral logistics companies and plays a key role in the transportation of fresh-cut flowers and other perishable goods across the country. During peak season times, Florida Beauty anticipates more than 1,000 loads leaving its facilities in Miami, FL and Ventura CA to support flower distribution.

As a high-volume carrier, Florida Beauty relies on efficient fueling logistics to maintain supply efficiency during high demand periods like Valentine’s Day and Mother’s Day, when supply chain reliability is critical.

With floral imports exceeding 1.1 billion stems annually, according to U.S. Customs and Border Protection, a consistent fuel supply is essential for minimizing downtime and ensuring timely deliveries. Miami International Airport handles nearly 90% of the nation’s fresh-cut flower imports during peak seasons, making it a critical hub for floral logistics. NextNRG’s fleet fueling services help companies like Florida Beauty operate efficiently, reducing disruptions and optimizing delivery operations.

“As one of the nation’s largest transporters of fresh-cut flowers arriving from South America to Miami, and with over 40 years of experience in nationwide floral logistics, we take great pride in streamlining our operations,” said Ronen Koubi, CEO of Mogul Energy International, Inc. “Florida Beauty spends approximately $12 million annually refueling its massive fleet. With NextNRG, we can significantly improve efficiency by having fuel delivered directly to us, saving time and labor costs while reducing operational disruptions. Additionally, we look forward to continuing discussions with NextNRG about the electrification of our fleet and the deployment of a smart microgrid and wireless charging solutions at our headquarters.”

“This Agreement with Florida Beauty reflects the value of combining innovative fueling solutions with the needs of high-volume logistics providers,” said, Michael D. Farkas CEO and Executive Chairman of NextNRG. “By working together, we will help Florida Beauty maximize operational efficiency while reinforcing our commitment to delivering tailored solutions for industries where uptime and reliability are essential. This agreement brings significant value to both organizations, strengthening shareholder confidence and positioning NextNRG as the go-to fueling solution for fleet operators in perishable goods logistics.”

About NextNRG, Inc. (f/k/a EzFill Holdings, Inc.)

NextNRG Holding Corp. (NextNRG) and EzFill have merged to form a combined entity focused on renewable energy, mobile fueling, and next-generation energy infrastructure. By leveraging artificial intelligence (AI) and machine learning (ML) technologies, NextNRG is developing an integrated ecosystem that combines solar energy generation, battery storage, wireless electric vehicle (EV) charging, and on-demand fuel delivery.

At the core of NextNRG’s strategy is the deployment of NextNRG Smart Microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs, and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities, and government properties, expanding energy accessibility while supporting decarbonization initiatives.

Following the merger with EzFill, NextNRG is integrating sustainable energy solutions into mobile fueling operations. The company will provide renewable energy to its fueling partners, supporting more efficient fuel delivery while advancing clean energy adoption. It continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division, further solidifying its position as a leader in the on-demand fueling industry.

By combining renewable energy innovation with mobile fueling expertise, NextNRG is building a sustainable energy ecosystem that bridges traditional fuel needs with AI-powered clean energy solutions.

The combined entity, NextNRG, trades under the symbol NXXT on the Nasdaq Capital Market. To find out more visit NextNRG.com.

About Mogul Energy International, Inc.

Mogul Energy International, Inc. (OTCMARKETS: MGUY), operating under the Florida Beauty brand, provides transportation, logistics, and warehouse consolidation and distribution services for perishable and other time- and temperature-sensitive cargo. With over 40 years of experience, Mogul Energy specializes in refrigerated long-haul, regional, and dedicated deliveries for industries such as floral, produce, plants, dairy, poultry, and meats, as well as dry, high-value commodities. Operating one of the largest floral transportation fleets in the U.S., Mogul Energy plays a vital role in the timely and efficient delivery of perishable goods.

Forward-Looking Statements

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “hopes,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. Factors that may cause actual results to differ materially from current expectations include, among other things, those related to trade disputes, regulatory changes, or disruptions in the supply chain that could impact the floral logistics sector.

Investor Relations Contact:
Jeff Ramson, CEO
PCG Advisory, Inc.
jramson@pcgadvisory.com

The MIL Network –

February 19, 2025
MIL-OSI: Visited App Releases List of Top Travel Destinations in 2024

Source: GlobeNewswire (MIL-OSI)

TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) — The travel app, Visited, by Arriving In High Heels Corporation, has published a travel report which showcases top travel trends around the world with highlight of 2024 travels.

Visited is a travel tracking app, which lets users map out their travel journey, mark famous places visited on travel lists and helps with trip planning for their itinerary feature. It is the ultimate travel bucket list planning app, as it has over 150 travel lists available from ancient sites to golf destinations. The app is available in 30 languages for both iOS or Android and is free to download.

According to Visited’s travel stats, the average global traveler has been to 18 countries. While American travelers have been to 23. Travelers from the United Arab Emirates have visited the most countries, with an average of 30 countries visited. Swiss and Finnish travelers came in second and third as the most well-traveled. The most popular countries to visit are France, Spain, Italy, Germany, the UK, and the U.S.

The most sought-after places to visit are Australia, Japan, New Zealand and Brazil. The top destinations that American travelers want to travel to include Australia, Greece, and New Zealand. The highest numbers of American users have traveled to Mexico, Canada, France, the UK, and Italy.

The most popular travel destinations in the world in 2024 were in Europe, while the U.S. is in 12^th spot, Turkey is in 10^th spot and Thailand is in 15^th spot. For American travelers, 2024 saw the UK, Portugal and Japan topping the list of the most visited countries.

The most popular travel lists are world wonders, capitals of the world and culinary experiences.

The travel report was compiled based on 2.4 million international users and over 300,000 U.S. users. To see more top travel lists and browse top destinations worldwide, download Visited on iOS or Android. For the full travel report, visit https://visitedapp.com/travel-report-results/

To learn more about the Visited app, visit https://visitedapp.com.

About Arriving In High Heels Corporation

Arriving In High Heels Corporation is a mobile app company with apps including Pay Off Debt, X-Walk, and Visited, their most popular app. Visited Media provides customized travel research services to travel companies.

Contact Information

Anna Kayfitz

anna@arrivinginhighheels.com

The MIL Network –

February 19, 2025
MIL-OSI: Epiq and Maptician Partner to Enhance Hybrid and Flexible Work Models

Source: GlobeNewswire (MIL-OSI)

NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) — Epiq and Maptician announced today a new partnership to provide innovative workplace management solutions. The direct integration of Maptician’s platform with Epiq’s global presence delivers seamless, data-driven results to optimize workplace productivity, collaboration, and efficiency for organizations navigating hybrid and flexible work models.

“Epiq’s transformative business solutions and global operational expertise, coupled with Maptician’s industry leading workplace management technology, enable us to provide clients with a meaningful way to foster collaboration and streamline the employee experience,” said Michelle Deichmeister, President of Epiq’s Global Business Transformation Solutions business. “By working together, we are uniquely positioned to serve organizations of all sizes and industries worldwide with powerful, user-friendly tools for managing hybrid workforces.”

Advanced flexible seating capabilities, space planning, and conference room management tools help deliver end-to-end support for flexible workplace management. Organizations are now able to gain access to vigorous workplace analytics, enabling data-driven decisions to optimize resources and reduce costs. The partnership provides smooth onboarding and scalability for organizations adopting Maptician’s workplace management platform.

“Partnering with Epiq allows us to extend Maptician’s advanced workplace management technology to even more organizations looking to optimize flexible work,” said Alaa Pasha, CEO of Maptician. “This collaboration isn’t just about technology—it’s about transforming how businesses navigate the future of work. By integrating our intelligent space planning, advanced conference room management, flexible seating, and workplace analytics with Epiq’s global expertise, we’re providing a seamless, data-driven solution that enables organizations to enhance collaboration, reduce costs, and make strategic real estate decisions with confidence.”

Epiq has significant business process outsourcing experience, driving organizational and operational innovation at more than 500 client sites and for 91 of the top 100 law firms. By leveraging its expertise with utility players, process improvement, and quality, Epiq is able to soundly engrain with clients’ strategies to outsource front- and back-end processes.

About Epiq
Epiq is a leading legal and compliance services platform integrating people, process, and technology. Through this combination of innovative technology, legal and business expertise, and comprehensive solutions, Epiq drives efficiency in large-scale and increasingly complex tasks. High-performing clients around the world rely on Epiq to streamline the administration of business, settlement administration, legal, and compliance operations to solve immediate challenges and provide scalable ongoing support to transform the enterprise. Learn more at www.epiqglobal.com.

About Maptician
Maptician is a leading workplace management technology platform that empowers organizations to optimize space, enhance collaboration, and maximize operational efficiency. Designed for the modern hybrid workplace, Maptician provides intelligent seat booking, hoteling, conference room management, space planning, and workplace analytics—all in one cloud-based solution. By leveraging data-driven insights, Maptician enables firms to streamline real estate decisions, improve employee experience, and drive cost savings. Trusted by law firms and financial services organizations, Maptician helps businesses transform how they manage people and places in a dynamic work environment.

Press Contact
Carrie Trent
Epiq, Director of Communications and Public Relations
Carrie.Trent@epiqglobal.com

The MIL Network –

February 19, 2025
MIL-OSI: BW Energy: Notification of trade by close associate to primary insider
Source: GlobeNewswire (MIL-OSI)

Oslo, 18 February 2025: BW Energy Limited (the “Company“) has been informed that Meridian Finance Limited, a close associate to a primary insider in the Company, has purchased 85,000 bonds in the Company’s bond issue BW Energy Limited 24/29 10,00% USD, with ISIN NO0013259663, in the secondary market. Please see the attached notification form for further details.

This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:
Brice Morlot, CFO BW Energy
ir@bwenergy.no

Attachment
- PDMR – Meridian Finance Limited
The MIL Network –
February 19, 2025
MIL-OSI Global: Why the British army is so unprepared to send troops to Ukraine

Source: The Conversation – UK – By Kenton White, Lecturer in Strategic Studies and International Relations, University of Reading

Martin Hibberd/Shutterstock

Prime Minister Keir Starmer has said that Britain is “ready and willing to contribute to security guarantees to Ukraine by putting our own troops on the ground if necessary”.

While reports suggest these would be “peacekeeping” forces, the reality is that true peacekeepers must be impartial. British troops placed to support Ukraine could certainly be seen as “partial”. And the positioning of British forces in Ukraine would fit the Russian narrative that casts Nato as the aggressor.

Ukraine is not a member of Nato, but the goal of Nato membership is enshrined in its constitution. British forces involved in any sort of fighting in Ukraine would not enable article 5, which states that each member will regard an attack on any other member as an attack on themselves and assist it, to be invoked. Additionally, US defence secretary Pete Hegseth said last week that European troops deployed to Ukraine should not be covered under article 5.

The weakness with Starmer’s idea is that Britain does not have the wherewithal to provide enough troops, supplies and weapons to act as a real deterrent. This isn’t too dissimilar from the state of British forces when faced with war in Europe more than a century ago.

In 1914 Lord Kitchener, then secretary of state for war, speaking of the cabinet’s decision to go to war in Europe, thundered, “Did they remember, when they went headlong into a war like this, that they were without an army, and without any preparation to equip one?”

Small numbers would be nothing more than a “speed-bump” against a large attack, as the British Expeditionary Force was in 1914 and again in 1940. Poor preparation, small numbers and limited equipment meant their deployment was more an indication of Britain’s support, rather than real capability to fight a long war against a peer enemy.

Britain is again in this position. Years of spending cuts have removed the ability of British forces to prosecute a war against a peer adversary for an extended time. The number of troops has fallen from 100,000 full-time trained personnel in 2000, to approximately 70,000 today.

Read more:
US says European security no longer its primary focus – the shift has been years in the making

Britain also does not have the capacity to manufacture at the levels required for a modern war. Much will be needed for immediate capital investment, such as manufacturing capacity for arms and ammunition. Longer-term investment will be required for arms production, as will the reinstatement of supporting infrastructure, such as airfields and storage facilities abandoned after the end of the cold war, both within Britain and across Europe.

There is no solution to the immediate problem except increasing the money available for defence. But Britain, and many other Nato members, have been unwilling to increase spending on defence, even though the current capabilities have been run down to such an extent that European nations cannot field a capable force.

Defence spending

US president Donald Trump has called for Nato countries to up their defence spending to 5% of GDP from the current Nato target of 2%. This would be very difficult to achieve in Britain’s current financial situation without spending cuts elsewhere.

While it has been reported that defence chiefs are pushing for a rise to 2.65% of GDP, Starmer indicated he would resist pressure to increase spending above 2.5%.

The last time the UK spent more than 5% of its GDP on defence was in the height of the cold war. The current international situation has already begun to shift into two distinct blocs similar to the east-west split between 1945 and 1991. However, the bipolar balance of the cold war has been replaced with an increasing instability, as displayed by Russian aggression in Georgia and Ukraine.

Replacing lost capacity is almost always more expensive than maintaining it. Had the governments of past decades maintained the capabilities of the armed forces, the overall cost would most likely have been lower than the amount the nation will now have to invest to obtain the same level of defence.

Each defence review since 1957 has led to cuts to the defence budget in real terms. Reductions in the military budget continue because, previously, nothing presented a sufficient sub-nuclear threat to the nation deemed significant enough to reverse them. Those cuts are now so deep that the nation is on the edge of being unable to defend itself, let alone project military power abroad in any significant capacity.

The prime minister wrote: “We have got to show we are truly serious about our own defence and bearing our own burden.” This assertion is quickly undermined by the indication that he won’t increase spending anytime soon.

None of the western members of Nato have shown any willingness to significantly increase their defence spending. Great Britain expects to spend £56.4 billion for 2024-25, amounting to approximately 2.3% of GDP. But this includes £0.65 billion in pensions and benefits, and £0.22 billion in “arms-length bodies” that do not contribute to the defence establishment in any practical terms.

Britain and Nato have had clear warning since 2014 to correct the deficiencies of their defences. All have chosen to ignore the developing threat from Russia. The impression is that not only are we hoping for the best, but we are planning for the best too.

Lord Tedder, chief of the air staff after the second world war, wrote, “It is at the outset of war that time is the supreme factor.” Three years into the war in Ukraine, and it is clear that Nato missed the opportunity to strengthen its defences in the early stages. It now faces a significant increase in defence spending simply to make up the shortfall from previous decades.

Kenton White 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. Why the British army is so unprepared to send troops to Ukraine – https://theconversation.com/why-the-british-army-is-so-unprepared-to-send-troops-to-ukraine-250123

MIL OSI – Global Reports –

February 19, 2025
MIL-OSI Russia: Alexander Novak held a meeting on the situation in the coal industry

Translartion. Region: Russians Fedetion –

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

Deputy Prime Minister Alexander Novak held a meeting on the situation in the coal industry. The event was attended by Energy Minister Sergei Tsivilev, representatives of the Ministry of Transport, Russian Railways, coal mining companies and regions.

In particular, the discussion focused on the results of coal exports in January of this year and plans for the first quarter of 2025.

Alexander Novak instructed Russian Railways to ensure the removal of coal products in accordance with approved plans, and the Ministry of Energy to continue monitoring the work of industry enterprises and the situation in coal-mining regions.

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 19, 2025
MIL-OSI United Kingdom: CMA publishes supplementary interim report in GBT / CWT merger investigation
Source: United Kingdom – Government Statements

Interim report published by the CMA in the latest step in its Phase 2 investigation into the merger of two corporate travel businesses.
iStock

The Competition and Markets Authority (CMA) has published a supplementary interim report in its investigation of the merger of corporate travel management companies Global Business Travel Group, Inc (GBT) and CWT Holdings LLC (CWT). Both companies supply travel agency services to global businesses with high travel spend and employees who travel internationally.

This is the first in-depth merger investigation that the CMA has conducted under its revised Phase 2 process. Those process changes included issuing a more provisional ‘interim report’, earlier in the process, to facilitate engagement by merging parties in relation to the independent CMA inquiry group’s initial assessment.

In November, the CMA’s interim report provisionally found the proposed merger between GBT and CWT was likely to substantially lessen competition. Following the interim report, the CMA has continued to gather evidence and has carried out further analysis that suggests CWT would not have performed as strongly absent the merger as the group had initially assessed. As a result, and having considered all the evidence in the round, the group has provisionally concluded that CWT is a significantly weaker competitor than in the past and is likely to continue to weaken in the future. There are other suppliers who will offer customers an alternative to the merged business.

Based on that further analysis, and in line with its usual procedures, the CMA inquiry group is today publishing a supplementary interim report ahead of its final decision. That interim report sets out why the group provisionally considers that the deal should be allowed to proceed.

Martin Coleman, chair of the independent panel of experts conducting this investigation, said:

In this case, having considered all of the evidence in the round, particularly the further analysis of CWT’s financial position, we have now provisionally concluded that the merger will not result in a substantial lessening of competition in corporate travel management services.

This is our first investigation under the revised Phase 2 process, with several benefits including the publication of an interim report at an earlier stage and a higher level of business and third-party engagement with the inquiry group. Today’s supplementary report reflects the flexibility this new process provides.

We will now consider feedback on our supplementary interim report before making a final decision in March.

The inquiry group will now seek feedback on its supplementary interim report before making a final decision by 9 March 2025. The deadline for comments is Tuesday 25 February 2025.

For more information, visit the Global Business Travel Group, Inc / CWT Holdings, LLC merger inquiry case page.

Notes to editors

On 10 January 2025 the United States Department of Justice filed a civil antitrust lawsuit seeking to block the merger. The case is currently before the US courts.

New Phase 1 cases opened by the CMA after 25 April 2024 which are referred for an in-depth Phase 2 investigation are run under the new Phase 2 process.

All media enquiries should be directed to the CMA press office by email on press@cma.gov.uk, or by phone on 020 3738 6460.

Share this page

The following links open in a new tab

Share on Facebook (opens in new tab)

Share on Twitter (opens in new tab)

Updates to this page

Published 18 February 2025
MIL OSI United Kingdom –
February 19, 2025
MIL-OSI Russia: Young Scientist from GUU Became a Laureate of the Moscow Government Prize

Translartion. Region: Russians Fedetion –

Source: State University of Management – Official website of the State –

Maxim Rybachuk, a leading specialist at the Center for Strategic and Innovative Research at the Research Institute of Public Policy and Management of Industrial Economics at the State University of Management, has become a laureate of the Moscow Government Prize for Young Scientists for 2024.

The Moscow Government Prize Competition for Young Scientists has been held since 2013. Awards are given annually for achieving outstanding results in fundamental and applied scientific research in the field of natural, technical and humanitarian sciences, as well as for the development and implementation of new technologies, equipment, devices, equipment, materials and substances that contribute to improving the efficiency of activities in the real sector of the economy and the social sphere of the capital.

In total, over 8,000 applications were submitted for the awards during the competition, 1,332 of which were submitted this year. Awards were given to 758 young scientists, 78 of which were submitted this year.

The award was presented to the laureates by Moscow Mayor Sergei Sobyanin.

“We have never had so many competition applications – more than 1,300 works were submitted. And choosing you was not an easy task for us either. So these are truly well-deserved awards that you have earned with your talent, skill, and commitment to science. And of course, I hope that these awards are not the last in your life, but only the beginning of your great scientific career,” Sergei Semenovich addressed the young scientists.

The mayor also announced a decision to double the bonus, which has not been indexed since 2019. The 2024 bonuses are also planned to be recalculated taking into account the increase. At the moment, it is 2 million rubles.

A young scientist from the State University of Management, Maxim Rybachuk, received the award in the Social Sciences category for a series of nine previously published works on the topic of “Socioeconomic Ecosystems as a Core Component of the Systemic Transformation of the Russian Economy”. In his research, Maxim Aleksandrovich analyzed the landscape of the Russian ecosystem market, defined the criteria for ecosystems, key market players and their industry specifics. He assessed the impact of the development of the ecosystem structure of the economy on Russia’s GDP and put forward a number of recommendations in the field of economic policy to protect market participants from the unconstructive influence of ecosystems. In particular, it was proposed to create a national regulator that would combine functions similar to those of the FAS Russia and the Central Bank of the Russian Federation in relation to the activities of ecosystems, because ecosystems are not subject to antimonopoly legislation.

We congratulate Maxim Rybachuk on receiving the prestigious award and wish him further success in his scientific work for the benefit of the Russian economy.

Subscribe to the TG channel “Our GUU” Date of publication: 02/18/2025

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

MIL OSI Russia News –

February 19, 2025
MIL-OSI: Rapsodo Partners with TruGolf’s E6 APEX to Enhance Simulated Golf, Adding Improved Player Analysis and Practice Capabilities
Source: GlobeNewswire (MIL-OSI)

ST. LOUIS, Feb. 18, 2025 (GLOBE NEWSWIRE) — Rapsodo, the leading developer of golf, baseball and softball ball-flight monitors and simulators, today announces compatibility with TruGolf’s E6 APEX. The new partnership makes the software available for use with the Mobile Launch Monitor 2 Pro (MLM2PRO), expanding simulation capabilities for premium MLM2PRO members.

While current Rapsodo MLM2PRO premium members can access trials of E6 software, this new partnership offers Rapsodo members the option to upgrade to a yearly membership. There are three annual membership tiers to choose from – Play Suite ($300), Improve Suite ($150) or Enjoy Suite ($450).
- The Play Suite uses AI and machine learning technology to recreate nearly any course in the world in industry-leading 4K quality. It features a multiplayer stroke play, online statistic tracking and AI commentary on over 1,500 Courses, with more releasing throughout the year.
- The Improve Suite serves as a player’s secret tool for long-term improvement, featuring three modes: comprehensive practice range, club fitting and bag mapping. Members can improve their on-course strategy or use the guided skills challenges to enhance certain aspects of their game.
- The Enjoy Suite combines all the capabilities of the Improve and Play suites, delivering the ultimate user experience.
“E6 APEX is at the forefront of golf gamification and club analysis, and we’re thrilled to offer compatibility with the software on the MLM2PRO,” said Pete Gibbons, director of golf at Rapsodo. “Golfers are consistently looking for ways to improve their game and lower their scores, and as a sports technology company, we’re constantly looking for the newest technology that can enhance our user’s experience and improve their performance. The integration of TruGolf’s E6 APEX expands our product offerings so athletes at every level can experience real-life conditions and grow their skills during practice rounds and skills games.”

Today’s announcement follows a recent simulation update to the MLM2PRO that enhanced the quality of graphics and added junior tee locations to Rapsodo simulated courses, which improved the game experience and raised the bar on family-friendly fun. Each of these updates signifies Rapsodo’s commitment to regularly expanding and improving its golf technology.

Rapsodo MLM2PRO premium members can purchase access to TruGolf’s E6 Apex here for an additional yearly fee. Once downloaded, users can connect the software to their Rapsodo MLM2PRO through a simple integration.

A media kit with images of TruGolf’s E6 Apex can be found here.

Rapsodo products are available for purchase on Rapsodo.com.

About Rapsodo
Rapsodo defies limits with affordable, professional-grade technology to enhance the way athletes play across the world. Used by MLB teams, NCAA Division I Champions, and elite PGA coaches, Rapsodo technology has earned multiple MyGolfSpy’s Best Of Golf Awards and the Official Player Development Partner of USA Baseball, affirming Rapsodo’s leadership in golf, baseball, and softball tech. Do what you didn’t think was possible. Play Without Limits. Play with Rapsodo. Discover more at Rapsodo.com.

Media Contact:
Matt Greenfield
Uproar by Moburst for Rapsodo
matthew.greenfield@moburst.com

The MIL Network –
February 19, 2025
MIL-OSI: Coop Pank extends authorities of Margus Rink as a Member of the Supervisory Board of Coop Liising AS

Source: GlobeNewswire (MIL-OSI)

Today, on January 18^th, 2025, the Coop Pank AS decided to extend the term of office of Mr. Margus Rink, a Member of the Supervisory Board of Coop Liising AS a subsidiaries of Coop Pank AS, for a another 3-years term effective as of the end of his previous term.

Margus Rink has been the Chairman of the Management Board of Coop Pank AS since 2017. He is also a member of the Supervisory Board of bank’s subsidiaries Coop Liising AS and Coop Kindlustusmaakler AS. Margus Rink is a member of the Council of the Estonian Banking Association and member of the management board of Estonian Chamber of Commerce and Industry. Margus Rink obtained a master’s degree in business administration from the Faculty of Economics of the University of Tartu in 2000 and a bachelor’s degree in financial accounting and analysis from the same university in 1994.
Margus Rink currently owns 806 000 shares in Coop Pank and 7 subordinated bonds of Coop Pank.

Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 209 500 everyday banking customers. Coop Pank uses the synergies between retail and banking and brings everyday banking services close to people’s homes. The majority shareholder of the bank is the domestic retail chain Coop Eesti, whose sales network includes 320 stores.

Additional information:
Katre Tatrik
Communication Manager
Tel: +372 5151 859
E-mail: katre.tatrik@cooppank.ee

The MIL Network –

February 19, 2025
MIL-OSI: IndyKite Launches AI Control Suite to Redefine AI Security
Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, Feb. 18, 2025 (GLOBE NEWSWIRE) — IndyKite, a pioneer in data trust and AI enablement, today announced the launch of its AI Control Suite, a comprehensive set of capabilities designed to secure and govern AI-driven data operations.

With this launch, IndyKite builds on its data trust and control platform capabilities, to bring three new products to market:
- RagProtect ensures that only authorized users and applications can access specific data during the retrieval process.
- AgentControl provides contextual, fine-grained authorization for agentic AI.
- TrustScore allows the enterprise to score the risk of their data for trusted use in authorization decisions and query parameters.
This new suite empowers enterprises to confidently harness AI while mitigating risks associated with data misuse and unauthorized data access.

The introduction of the AI Control Suite represents a significant leap forward in enabling trust and secure control in AI-powered systems. With a focus on delivering fine-grained data control, contextual data governance, and secure data mobilization, IndyKite addresses some of the most pressing challenges enterprises face as they scale AI initiatives.

“AI is transforming industries at an unprecedented pace, but enterprises need tools that provide not just innovation but also control and trust,” said Lasse Andresen, CEO of IndyKite. “With the AI Control Suite, we’re equipping businesses with the ability to secure data workflows, govern AI operations, and unlock the full potential of AI while safeguarding their most critical assets.”

Andresen is former CEO and co-founder of ForgeRock, an identity and access management (IAM) solution provider and led the company through the startup phase to become an industry leader, with a $2.8 billion valuation at IPO. He is also a former CTO of Sun Microsystems.

Driving innovation and trust in the AI era

Enterprises increasingly recognize the need for robust control mechanisms in AI adoption, and IndyKite’s solutions uniquely combine advanced data governance, trust, and enablement to provide this foundation. With its identity-powered approach, IndyKite enables organizations to mobilize data securely and in compliance with regulatory requirements, delivering more efficient operations and bringing smarter, contextually-relevant products and applications to market.

With the IndyKite Platform, businesses can use data across the following use cases:
- Data capture and pipelines: Capturing both structured and unstructured data from across the organization and partner network. Surfacing full understanding of data lineage, driving confidence in its use, traceability and auditability.
- Protecting retrieval-augmented generation (RAG): Providing fine-grained authorization to secure data access in the correct context, preventing unauthorized use and data leaks during AI driven interactions.
- Agentic access control: Providing fine-grained authorization to AI agents, preventing unauthorized data access in autonomous workflows.
- Proactive Prompt Defense: Real-time validation, entitlement checks, and threat detection at the prompt level to prevent unauthorized access, and data leakage before execution.
- Governing data for AI use: Delivering unparalleled data quality and trust with provenance and specialized metadata, driving compliant use of data and enabling organizations to use AI with confidence.
Industry Reaction

The launch of the AI Control Suite has already garnered interest from enterprise leaders seeking to align their AI strategies with effective security and governance requirements.

Emil Eifrem, CEO and founder of Neo4j said, “AI’s success depends on trust—trust in data, governance, and security. Enterprises need solutions that not only accelerate AI but ensure its responsible use by securing and mobilizing high-quality data at scale.”

IndyKite recently joined Project CAMARA, a Linux Foundation open source community addressing telco industry API interoperability, and partnered with Deutsche Telekom to provide richer services to customers. It also has acquired 3Edges, a relationship-based dynamic authorization tool that authorizes access based on relationships between subjects, objects and actions, via graph database technology.

About IndyKite

IndyKite is transforming enterprise data management with identity-centric, graph-powered solutions that enable organizations to build trust in their data and AI systems. By delivering enhanced data visibility, governance, and control, IndyKite empowers enterprises to unlock the value of their data for secure and innovative applications.

The company has raised a total of $10.5 million in pre-seed and seed financing. Investors include Alliance Ventures, Molten Ventures and SpeedInvest. Advisors to the company include Scott McNealy, Sun Microsystems co-founder.

For more information, visit www.indykite.com.

Media Contact

Madi Olivé
UPRAISE Marketing + Public Relations for IndyKite
415.397.7600, indykite@upraisepr.com

The MIL Network –
February 19, 2025
MIL-OSI: Grayscale Investments® Launches Grayscale® Pyth Trust

Source: GlobeNewswire (MIL-OSI)

STAMFORD, Conn., Feb. 18, 2025 (GLOBE NEWSWIRE) — Grayscale Investments^®, a leading crypto asset management firm, offering more than 30 crypto investment products, today announced the creation and launch of Grayscale^® Pyth Trust (the “Trust”).

Grayscale^® Pyth Trust offers exposure to PYTH, the governance token powering the Pyth network. By providing accurate and real-time data feeds, Pyth plays a crucial role in the Solana ecosystem and is poised to thrive alongside Solana’s growth. An impressive 95%* of decentralized applications (dApps) on Solana rely on Pyth’s price feeds, highlighting its significance and strong market position.

“The Pyth network plays one of the most significant roles in the Solana ecosystem,” said Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary. “By introducing Grayscale Pyth Trust, we aim to give investors access to additional higher-beta and higher-upside opportunities associated with the continued growth of Solana.”

The Trust is now open for daily subscription by eligible individual and institutional accredited investors.** The Trust functions like Grayscale’s other single-asset investment trusts, and is solely invested in the token underpinning the Pyth protocol.

This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

*https://kpi.pyth.network/

**Grayscale’s private placements are only available to Accredited Investors as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended. Most individuals are not Accredited Investors. For additional information on Accredited Investors and their qualifications please consult https://www.sec.gov/newsroom/speeches-statements/spch121714laa

Grayscale intends to attempt to have shares of new products quoted on a secondary market. However, there is no guarantee that Grayscale will be successful. Although the shares of certain products have been approved for trading on a secondary market, investors in the new products should not assume that the shares will ever obtain such an approval due to a variety of factors, including questions regulators, such as the SEC, FINRA, or other regulatory bodies may have regarding such products. As a result, shareholders of such products should be prepared to bear the risk of investment in the shares indefinitely. To date, certain products have not met their investment objective, and the shares of such products quoted on OTC Markets have not reflected the value of the digital assets held by such products, less such products’ expenses and other liabilities, but have instead traded at a premium over such value, which at times has been substantial. There have also been instances where the shares of certain products have traded at a discount.

Private placement securities are speculative, illiquid, and entail a high level of risk, including the risk that an investor could lose their entire investment. The Pyth protocol was relatively recently conceived and the Pyth protocol and its particular underlying technological mechanisms may not function as intended, which could have an adverse impact on the value of PYTH and an investment in the Shares.

Extreme volatility of trading prices that many digital assets have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of the Trust and the shares could lose all or substantially all of their value.

About Grayscale Investments^®

Grayscale enables investors to access the digital economy through a family of future-forward investment products. Founded in 2013, Grayscale has a decade-long track record and deep expertise as an asset management firm focused on crypto investing. Investors, advisors, and allocators turn to Grayscale for single asset, diversified, and thematic exposure. For more information, please follow @Grayscale or visit grayscale.com.

Media Contact

press@grayscale.com

Client Contact

866-775-0313

info@grayscale.com

The MIL Network –

February 19, 2025
MIL-OSI: Varonis Wins SiliconANGLE Media’s Tech Innovation CUBEd Award

Source: GlobeNewswire (MIL-OSI)

MIAMI, Feb. 18, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS) announced it has been named the winner of SiliconANGLE Media’s inaugural 2025 Tech Innovation CUBEd Awards in the Top Data Protection Innovation category.

Varonis for Microsoft 365 Copilot was recognized as a groundbreaking solution that demonstrates significant innovation in safeguarding data in the age of AI. Varonis tracks user interactions with Copilot in real time, flags unusual prompts and data access, and removes improper access to sensitive data by both humans and AI agents.

“We are honored to receive the Top Data Protection Innovation award for our gen AI copilot advancements,” said Varonis Field CTO Brian Vecci. “AI is rapidly transforming the way work gets done, but many organizations can’t move forward because they can’t find and secure their most critical data. With our Data Security Platform, customers are adopting AI safely and confidently by removing exposure and allowing safe usage.”

“The winners of our inaugural Tech Innovation CUBEd Awards represent some of the boldest thinkers and determined innovators in the tech industry,” said Dave Vellante, co-founder and co-CEO of SiliconANGLE Media. “Each person, company and product honored has proven that true breakthroughs happen when we dare to challenge traditional conventions and pursue ambitious visions.”

“Today, we honor excellence across the full spectrum of innovation—from the visionary leaders who inspire us, to groundbreaking products that transform industries, to the companies that make it all possible,” said John Furrier, co-founder and co-CEO of SiliconANGLE Media. “Our awards program celebrates the courage to think differently, the persistence to overcome obstacles, and the vision to transform bold ideas into real-world impact.”

For more information visit https://www.thecube.net/awards.

About SiliconANGLE Media

SiliconANGLE Media is a recognized leader in digital media innovation, bringing together cutting-edge technology, influential content, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — such as those established in Silicon Valley and the New York Stock Exchange (NYSE) — SiliconANGLE Media transforms the way technology companies connect with their target markets. Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a powerful ecosystem of industry-leading digital media brands, with a reach of 10+ million elite tech professionals, 4+ million SiliconANGLE readers and 250,000+ social media subscribers. The company’s new, proprietary theCUBE AI LLM is breaking ground in audience interaction, leveraging CUBE365’s neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.

About Varonis

Varonis (Nasdaq: VRNS) is a leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), and insider risk management.

Varonis protects data first, not last. Learn more at www.varonis.com.

Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
investors@varonis.com

News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
pr@varonis.com

The MIL Network –

February 19, 2025
MIL-OSI: Schurz Communications Appoints Austin Cook as Chief Financial Officer

Source: GlobeNewswire (MIL-OSI)

MISHAWAKA, Ind., Feb. 18, 2025 (GLOBE NEWSWIRE) — Schurz Communications, Inc. (“Schurz”) today announced that Austin Cook has been appointed Chief Financial Officer (CFO).

As CFO, Cook will oversee financial strategy and operations for Schurz. He will direct all aspects of the company’s finance organization and work with Schurz’s portfolio companies as well as the board of directors on strategic projects. Cook previously served as the CFO of Schurz’ cloud business OTAVA and has been Schurz’ interim CFO since 2024. He will remain aligned with OTAVA, delivering strategic support.

“Austin has been a part of the Schurz family for nearly six years delivering significant contributions to the leadership team,” said John Reardon, President and CEO of Schurz Communications. “Austin’s initiative, drive, and supportive mindset make him a strong leader for the business. We are thrilled to work with him in this expanded role.”

Cook is a seasoned finance leader with more than a decade of experience. He joined Schurz’ cloud service provider OTAVA in 2019 where he has held multiple finance roles, including Vice President of Finance, Controller, and most recently CFO. Prior to OTAVA, Cook served as Controller at ForeSee, where he oversaw all aspects of accounting and finance. Earlier in his career, he held other accounting roles and was an adjunct professor at Concordia University in Ann Arbor, Michigan.

“Schurz Communications is an outstanding organization with deep roots, strong financial backing, and time-honored leaders,” said Cook. “With a focus on broadband and cloud technology, Schurz has a clear vision for the future, and I am excited to be part of the team creating ongoing growth, advancement, and innovation in areas that matter most to today’s customers.”

Austin is a Certified Public Accountant (CPA) and Certified Management Accountant (CMA). He holds a B.B.A. in Accounting from Concordia University and an MBA in Accounting from Liberty University.

About Schurz Communications
Schurz is a family-owned corporation that has been helping businesses, communities and individuals make meaningful connections for five generations. The Schurz legacy began in newspaper publishing, radio, and television, and today, the company remains committed to making information more accessible through the platforms and technology of the digital age. Schurz Communications’ recent investments include regional broadband companies and cloud managed services providers, and the company’s portfolio also includes a variety of minority investments. For more information, visit: www.schurz.com.

The MIL Network –

February 19, 2025
MIL-OSI: ServiceTrade Research Reveals Strategies for Attracting, Hiring, and Retaining Techs Amid Today’s Top Business Challenge: The Skilled Labor Shortage
Source: GlobeNewswire (MIL-OSI)

DURHAM, N.C., Feb. 18, 2025 (GLOBE NEWSWIRE) — ServiceTrade, an innovative software platform designed to optimize commercial service business operations for growth and profit, released the 2025 Technician Insights Report today to help commercial service business owners address the most significant challenge they face today – a critical shortage of skilled labor. There is currently a 14-20% skilled labor shortfall in the commercial fire and mechanical markets, further complicated by 6-8% industry growth and a rapidly aging workforce. ServiceTrade surveyed 650 technicians in the fire safety and mechanical services industries, discovering the top drivers of job satisfaction, common frustrations, and improvement opportunities shared across the profession.

“Skilled technicians are the heart of commercial service businesses, yet the industry is facing a critical shortage of these highly skilled professionals,” said William Chaney, CEO of ServiceTrade. “Building an efficient, satisfied, and dedicated workforce is essential to achieving business results. Our Technician Insights Report uncovers the factors that drive technician satisfaction and productivity, enabling business owners to differentiate their work environment and attract and retain a more satisfied workforce.”

Unprecedented Market Growth Drives Technician Demand

The ServiceTrade report reveals that 54% of technicians feel their profession provides a solid financial future. When asked what they like most about their profession, 17% cited competitive pay and benefits. The survey reveals that techs prioritize earning potential, supportive management, and opportunities for training and growth provided by their companies.

In the U.S., the commercial HVAC market is expected to grow to $15.70 billion by 2029, necessitating an 8% increase in the technician workforce. The commercial fire protection sector is expected to increase by 4.1% annually, requiring a 6% increase in technicians over the same period. Further exacerbating the lack of talent, about 26% of technicians are nearing retirement age, while 31% of business owners say retaining skilled technicians is already a significant challenge.

Tech Satisfaction is Key To Retaining Top Techs

Technicians want to be productive, do good work, and be recognized for it. The ServiceTrade report reveals techs are frustrated by non-maintenance tasks that consume valuable time, such as manual paperwork (49%), inefficient office communication (22%), and customer miscommunication (18%). Inefficient travel and job scheduling (11%) or arriving at the job site without the right equipment and tools (17%) also negatively affect job satisfaction. The report provides insights to help businesses improve technicians’ job satisfaction, ability to serve customers, perform daily tasks, and progress in their careers.
- Technicians need easier access to job or customer information (24%)
- They want more training (27%) and professional development opportunities (49%)
- Most technicians surveyed say that more flexible schedules and a better work/life balance (59%) could improve their job satisfaction.
ServiceTrade Enables Tech Satisfaction, Better Customer Service, and Business Performance

“Addressing the skilled labor shortage is not just a challenge, but an opportunity to invest in the future of our workforce,” said Jim Pauley, NFPA CEO, in a statement. “In 2025, we can expect to see more organizations focused on talent development, embracing innovation, and supporting education and training to help bridge the gap…”

In 2025, almost half of commercial fire service organizations (49%) plan to adopt more digital tools within day-to-day operations to streamline work, share knowledge, and collaborate with peers. ServiceTrade’s service management platform enables techs to increase field performance by 52%, while business owners simplify back office operations by 12%, reduce time spent on communications and admin, and win and keep 36% more profitable customers. The platform automates customer communications and syncs data to the office without requiring manual paperwork. It guides techs through efficient job completion and helps them proactively identify needed repairs and inspections, increasing work orders by 15%. By harnessing the power of ServiceTrade, companies can improve technician satisfaction and operational excellence while ensuring quality customer service.

For more information on the 2025 Technician Insights Report and to explore its full findings, please visit—https://servicetrade.com/knowledge-base/technician-insights-report/

To learn more about ServiceTrade:

About ServiceTrade

ServiceTrade, Inc. is a software platform for commercial mechanical, fire, and life safety contractors. During a chronic skilled labor shortage, ServiceTrade helps commercial contractors increase profit by improving service and project operations, increasing technician productivity, selling more service agreements, and growing customer loyalty. Located in Durham, North Carolina, ServiceTrade was founded in 2012 to automate and streamline the commercial mechanical and fire protection industry and has grown to have more than 1,300 customers. More than 10% of the commercial or industrial buildings in the United States are serviced by contractors using ServiceTrade. Learn more at www.servicetrade.com.

Media Contact:
Media@Ktcmarketingandpr.com

The MIL Network –
February 19, 2025
MIL-OSI: NANO Nuclear Energy Strengthens Intellectual Property Portfolio with Four New Patent Applications Updated
Source: GlobeNewswire (MIL-OSI)

Protections Surrounding Key Enabling ALIP Technology Adds to NANO Nuclear’s Stable of Granted or Acquired Patents and Patent Applications

New York, N.Y., Feb. 18, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has filed four new separate utility patent applications with the United States Patent and Trademark Office (USPTO) related to NANO Nuclear’s Annular Linear Induction Pump (ALIP) technology.

The ALIP technology, a thermal management and distribution system which is based on electromagnetic (rather than mechanical) pumps, is a core technology in the development of advanced molten-salt and liquid-metal nuclear reactors. By utilizing a time-varying magnetic field, ALIPs enable the movement of conductive fluids without mechanical components, reducing wear and maintenance requirements while increasing efficiency.

The ALIP technology, acquired by NANO Nuclear last year and part of its suite of energy systems, is considered a key-enabling technology for the development of advanced nuclear reactors, not only for NANO Nuclear’s microreactors in development but as a third-party commercial opportunity for other advanced nuclear reactor systems.

In addition to enhancing energy conversion cycles, optimizing thermal management, and ensuring operational longevity in high-temperature applications across the energy, propulsion, and industrial sectors, applications of the ALIP technology extend beyond nuclear energy to space power and propulsion systems, industrial cooling systems, and defense applications, positioning NANO Nuclear at the forefront of emerging high-performance fluid control markets.

A U.S. Department of Energy’s Small Business Innovation Research (SBIR) Phase III project is ongoing to refine the ALIP technology, led by inventor and NANO Nuclear’s Head of Thermal Hydraulics and Space Program Dr. Carlos O. Maidana, with a view to separately commercialize the technology as a component for liquid metal and all molten salt-based nuclear reactors.

Figure 1 – NANO Nuclear Energy’s Annular Linear Induction Pump (ALIP) technology cross-sectional visualization.

“The development and eventual commercialization of the ALIP technology is essential for advancing next-generation nuclear reactor solutions,” said Carlos O. Maidana, Ph.D., Head of Thermal Hydraulics and Space Program of NANO Nuclear Energy. “Filing these utility patents highlights our commitment to leading the charge in next-generation technologies that are critical to the ongoing evolution of advanced energy systems. I’m pleased to have housed these inventions within NANO Nuclear and to lead the team to progress and refine this technology.”

The newly filed patent applications include:
1. Patent Application # 19/030,148, titled “Integrated platform and method for optimizing an electromagnetic pump,” relates to the development of software for the design of annular linear induction pumps.
2. Patent Application # 19/030,130, titled “Electromagnetic pump system and method for moving conducting fluid,” relates to the design of the next generation of annular linear induction pumps.
3. Patent Application # 19/030,098, titled “Electromagnetic pump and method for manufacturing the same,” relates to the advanced manufacturing of annular linear induction pumps.
4. Patent Application # 19/030,068, titled “Cooling system for electromagnetic pump system,” relates to the design of a micro-channel cooling system, using advanced manufacturing methods, for annular linear induction pumps operating at very high temperature.
These intellectual properties are expected to provide enhanced component life span and operation metrics in all advanced molten-salt and liquid-metal reactors, including NANO Nuclear’s KRONOS MMR^™, LOKI MMR^™, and ODIN portable microreactor, all of which are currently in development.

“The filing of these additional utility patents further bolsters our intellectual property portfolio and helps to ensure the protection of our progress in developing this key enabling technology,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “We believe that the ALIP technology will be instrumental in the development and optimization of the next generation of advanced nuclear reactors, and I’m pleased with the progress Dr. Maidana has overseen through the SBIR Phase III program. We look forward to continuing our progress with ALIP with a view towards including in it our own microreactors in development as well as seeking to separately commercialize it as soon as possible.”

About NANO Nuclear Energy, Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. NANO Nuclear is also developing patented stationary KRONOS MMR^™ Energy System and space focused, portable LOKI MMR^™.

Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR^™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

For more corporate information please visit: https://NanoNuclearEnergy.com/

For further NANO Nuclear information, please contact:
Email: IR@NANONuclearEnergy.com
Business Tel: (212) 634-9206

PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

NANO Nuclear Energy LINKEDIN
NANO Nuclear Energy YOUTUBE
NANO Nuclear Energy X PLATFORM

Cautionary Note Regarding Forward Looking Statements

This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements include those related to (i) the anticipated benefits to NANO Nuclear of the patent applications described herein and (ii) the future prospects for the ALIP technology generally as part of NANO Nuclear’s reactors in development or via separate commercialization. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues, securing intellectual property protection, and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

Attachment

The MIL Network –
February 19, 2025
MIL-OSI: WSO2Con 2025 to Showcase How Enterprises Can Embrace ‘Platformless Modernization’ to Drive Innovation
Source: GlobeNewswire (MIL-OSI)

Austin, TX, Feb. 18, 2025 (GLOBE NEWSWIRE) — WSO2Con 2025 will empower enterprises to embrace ‘Platformless Modernization’ by showcasing real-world strategies, expert insights, and innovations that simplify development, accelerate digital transformation, and future-proof IT infrastructures. Keynotes, customer stories and technical discussions during the three-day event will explore and deep-dive into how enterprises can transform digital innovation by eliminating the complexities of traditional platforms either by adopting an enterprise-grade internal developer platform or leveraging software-as-a-service offerings to build your own. The event will take place from March 18 to 20, 2025, in Barcelona, Spain, at the Palau de Congressos de Catalunya.

Delivering a platform experience without the complexity

Platformless modernization aims to redefine how organizations build, deploy, and manage applications. Traditional platforms often come with operational overhead, requiring businesses to maintain infrastructure and navigate complex configurations. A platformless approach removes these burdens, making the platform layer invisible to developers, so they can focus on just building innovative applications and providing better digital experiences to their customers and users.

At WSO2Con 2025, WSO2 executives and industry experts will explore what platformless modernization means for enterprises, offering insights into:
- How businesses can deliver developer-friendly experiences without the overhead of managing platforms
- Strategies for enabling rapid, secure, and scalable application development powered by API management, integration, and identity solutions
- The role of internal developer platforms (IDPs) in modernizing software delivery with AI, Kubernetes, and cloud-native architectures
Insightful keynotes and customer success stories

The conference will feature a distinguished lineup of keynote speakers. In his opening keynote, WSO2’s Founder and CEO, Dr. Sanjiva Weerawarana will discuss the vision for platformless modernization with WSO2 technical experts providing in-depth sessions on how platformless is shaping the future of integration, API management and identity & access management.

Jeremy Schneider, Senior Partner & Co-Head of Global Software & High-Tech Practice, McKinsey and Company will provide a framework for navigating evolution in the digital economy in his keynote Every Company is a Software Company. In other keynote presentations, Amy Bingham, vice president & chief information officer at Pekin Insurance will share learnings on how Pekin turned a challenging year of unprecedented setbacks into a story of resilience, rebuilding, and long-term success in an increasingly unpredictable world. Jonathan Pearl, executive director – technology product management at financial services company, BNY Mellon, will explore the power of APIs and how they can be used to drive modernization, innovation and collaboration – both internally and externally. He will discuss the key principles and best practices for designing, building, discovering and governing APIs, as well as the cultural and organizational changes needed to successfully support an API first strategy.

Registration for WSO2Con 2025 is still open with a flash sale from February 18 to 21, 2025. To register and view the full agenda, visit https://wso2.com/wso2con/2025/.

About WSO2

Founded in 2005, WSO2 is the largest independent software vendor providing open-source API management, integration, and identity and access management (IAM) products. WSO2’s products and platforms—including our next-gen internal developer platform, Choreo—empower organizations to leverage the full potential of APIs for secure delivery of digital services and applications, enabling thousands of enterprises in over 90 countries globally to drive their digital transformation journeys. Our open-source, API-first approach frees developers and architects from vendor lock-in, enabling rapid digital product creation. Recognized as leaders by industry analysts, WSO2 has over 800 employees worldwide with offices in Australia, Brazil, Germany, India, Spain, Sri Lanka, the UAE, the UK, and the US, with USD100M in annual recurring revenue. Visit https://wso2.com to learn more. Follow WSO2 on LinkedIn and X (formerly Twitter).

Trademarks and registered trademarks are the properties of their respective owners.

###

The MIL Network –
February 19, 2025
MIL-OSI: Customer reviews help Rightworks collect nine G2 Winter 2025 badges
Source: GlobeNewswire (MIL-OSI)

NASHUA, N.H., Feb. 18, 2025 (GLOBE NEWSWIRE) — Rightworks, the only intelligent cloud service provider of solutions purpose-built for accounting firms and professionals, is proud to announce its OneSpace platform was awarded nine badges in G2’s Winter 2025 Reports. The recognition marks Rightworks’ 15th consecutive quarter being awarded top honors in G2’s market reports, the world’s largest and most trusted software marketplace.

Rightworks OneSpace earned the following recognition in G2’s Winter 2025 Reports:
- Leader
- Leader — Small-Business
- High Performer (for OneSpace Firm)
- High Performer
- High Performer — Mid-Market
- High Performer — Small-Business
- Users Love Us
- Best Support — Mid-Market
- Easiest To Do Business With
“Earning a spot in a G2 Report is a testament to the positive experiences of real users,” said Sydney Sloan, CMO of G2. “Congratulations to Rightworks for their inclusion in G2 Reports for the winter 2025 season, powered by their customers’ authentic reviews.”

Rightworks achieved Leader and High Performer recognition after receiving positive reviews from verified users compared to similar products in each category. In G2’s Winter 2025 Reports, just 4% of the Software & Services received a Leader badge.

“We are honored to begin the new year receiving high ratings from G2 and our customers. As the accounting profession enters another busy tax season, equipping our customers with powerful and purpose-built solutions is our highest priority,” said Joel Hughes, CEO of Rightworks.

More than 100 million people annually use G2 to make smarter software decisions based on authentic peer reviews.

Visit Rightworks’ G2 page to read user reviews and learn more.

Connect with Rightworks
Visit our newsroom; read our blog; and follow us on LinkedIn, Facebook and Instagram.

About Rightworks
Rightworks enables accounting firms and businesses to significantly simplify operations and expand their value to clients via our award-winning intelligent cloud and learning resources. This is possible with Rightworks OneSpace, the only secure cloud environment purpose-built for the accounting and tax profession, and Rightworks Academy, the premier community for firm optimization, growth and professional development. The Academy offers access to thought leadership, events, peer communities and extensive learning resources. Founded in 2002, we’ve grown to serve over 10,000 accounting firms in the US—from single practitioners to Top 10 firms. For more information, please visit rightworks.com or follow us on LinkedIn, Facebook and Instagram.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b83c827a-2cf4-4b92-900e-aef9a6b45949

The MIL Network –
February 19, 2025
MIL-OSI: Tenable Strengthens Its Identity Exposure Capabilities to Protect Against Compromises
Source: GlobeNewswire (MIL-OSI)

COLUMBIA, Md., Feb. 18, 2025 (GLOBE NEWSWIRE) — Tenable®, the exposure management company, today announced the launch of Identity 360 and Exposure Center, two new Tenable Identity Exposure capabilities designed to help organizations pinpoint identity risks and take swift, targeted action to prevent identity-based attacks.

Identity management has become fragmented, leading to identity sprawl – a tangled web of accounts, permissions and misconfigurations across disparate platforms. This fragmentation severely limits visibility and risk detection, weakens access controls, and increases the threat of privilege escalation and lateral movement. The combined power of Identity 360 and Exposure Center simplifies this complexity, delivering unified visibility across identity providers to serve as a single source of truth.

“Compromised identities are at the root of nearly every successful cyberattack,” said Shai Morag, Chief Product Officer, Tenable. “Today, 75% of organizations manage two or more identity solutions,¹ leading to increased complexity around identity security. Tenable Identity Exposure ensures that organizations have full visibility into their identity risks and provides actionable remediation guidance so organizations can swiftly and confidently prevent attacks before they occur.”

Key functionality available in this release includes:
- 360-Degree Identity Visibility and Risk Prioritization: Gain a unified view of accounts, weaknesses, entitlements, roles, groups and relationships across Active Directory and Entra ID. Tenable Identity Exposure consolidates this information into comprehensive identity profiles for streamlined risk management.
- Centralized Weakness Management and Streamlined Remediation: Consolidate identity-related weaknesses—including privilege misconfigurations, excessive permissions, stale accounts, default settings, risky trust relationships and unmonitored service accounts—into a single interface, and take action with detailed remediation steps and one-click PowerShell scripts.
- AI-Driven Identity Asset Exposure Score (AES): Identify the most critical identity weaknesses with AI-driven risk scoring and focus remediation efforts on the highest-priority threats.
Tenable Identity Exposure continuously monitors for misconfigurations, attack paths and security weaknesses, empowering organizations to proactively reduce risk and strengthen their security posture. More information on Tenable Identity Exposure is available at: https://www.tenable.com/products/identity-exposure.

¹ Cloud Security Alliance and Strata study, “The State of Multi-Cloud Identity Survey”, October 2024

About Tenable
Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com.

Media Contact:
Tenable
tenablepr@tenable.com

The MIL Network –
February 19, 2025
MIL-OSI: LPL Financial Launches Planning Tools to Help Advisors Provide Personalized Service for Business Founders and CEOs
Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, Feb. 18, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC, a leader in the wealth management industry, is expanding its portfolio of high-net-worth services with the launch of business planning tools designed to help its network of nearly 29,000 financial advisors provide personalized support to their clients who are Chief Executive Officers (CEOs) and/or have founded their own businesses.

There are more than 33 millionⁱ small businesses in the U.S., and more than halfⁱⁱ of all private employer business owners are over the age of 55. Additionally, it’s estimated that approximately 12 millionⁱⁱⁱ of those firms will be sold over the next decade, and most small business owners do not have a succession plan in place.

Through this new offering, advisors are connected with a certified business exit planner who supports the business owner’s needs and serves as a liaison to vetted banking partners. This full-service experience is designed to meet the discerning needs of advisors and differentiate the value they provide to their entrepreneurial clients.

“CEOs and founders have worked incredibly hard to build their businesses and deserve the highest caliber of planning and advice,” said Jen Hollers, senior vice president and head of high-net-worth services at LPL Financial. “Through relationships with trusted investment banks, we enable LPL advisors to offer their business-owner clients a full-service experience, helping them strategize, scale, and, when the time is right, pursue an optimized sale.”

LPL offers a range of specialized planning services tailored to address the complex needs of high-net-worth and ultra-high-net-worth clients, including:
- Case consultations
- Advanced planning
- Estate and philanthropic planning
- Tax planning
- Business planning
For more information about this new offering, financial advisors can visit High-Net-Worth Services for Advisors.

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

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

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

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

Media Contact:
Media.relations@LPLFinancial.com
(402) 740-2047

Tracking #: 697285

________________________ⁱhttps://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-US.pdf
ⁱⁱhttps://www.sbc.senate.gov/public/index.cfm/2024/1/shaheen-convenes-hearing-on-small-business-succession-planning
ⁱⁱⁱhttps://www.score.org/princeton/resource/blog-post/current-rise-small-businesses-being-sold-over-next-10-15-years

The MIL Network –
February 19, 2025
MIL-OSI: Coalesce Announces Top System Integrator Partners for 2024

Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, Feb. 18, 2025 (GLOBE NEWSWIRE) — Coalesce, the data transformation company, today announced its 2024 Systems Integrator (SI) Partners of the Year, recognizing top partners across North America, Europe-Middle East-Africa (EMEA), and Australia-New Zealand (ANZ) for their outstanding contributions to customer success, data innovation, and solution development. These partners have demonstrated deep expertise in the Coalesce platform, delivering scalable and impactful data solutions for organizations worldwide.

“Our SI partners play a critical role in the success of our customers, and we’re thrilled to recognize this year’s standout partners for their expertise and commitment to helping organizations unlock the full potential of their data,” said Courtney Heithoff, Director of SI Alliances at Coalesce.

And the winners are:

U.S. Partner of the Year – Hakkoda

Hakkoda has been recognized as the U.S. Partner of the Year for its deep commitment to helping enterprises modernize their data strategies using Coalesce. With a strong focus on Snowflake and next-generation data architectures, Hakkoda has consistently delivered exceptional value to customers, leveraging Coalesce’s metadata-driven automation to streamline data transformation and enable organizations to get the most out of their Snowflake investment.

“We are proud to be recognized as Coalesce’s U.S. SI Partner of the Year for the second consecutive year,” said Ryan Tucker, Chief Revenue Officer and co-founder of Hakkoda. “This achievement reflects our joint commitment to delivering innovative, high-impact solutions and helping our clients simplify and accelerate their data architectures with the best tools the Modern Data Stack has to offer. We are excited to continue our collaboration with Coalesce to solve some of the gnarliest challenges in the modern data landscape, and are confident we will continue to drive success and growth for our joint clients in the years ahead.”

U.S. Emerging Partner of the Year – phData

phData has earned the U.S. Emerging Partner of the Year award for its rapid adoption of Coalesce and its ability to drive innovative, scalable data solutions. By integrating Coalesce’s automation-first approach with its robust data engineering and analytics capabilities, phData has helped organizations unlock new efficiencies in their data engineering workflows.

“This award is a testament to the strong partnership we’ve built and the impact we’ve delivered together for our joint customers,” said Sam Mehlhaff, SVP of Marketing and Partnerships at phData. “We’re grateful for the collaboration with the Coalesce team and look forward to driving even more success in 2025.”

EMEA Partner of the Year – Nextview Consulting

Nextview Consulting has been named EMEA Partner of the Year for its outstanding expertise in data strategy, governance, and digital transformation. Nextview has played a crucial role in driving adoption of Coalesce’s platform in the region, helping customers simplify complex data workflows and optimize performance.

“Winning the European Partner of the Year is a testament to our team’s dedication to delivering best-in-class data solutions,” said Ralph Knoops, Managing Data and Analytics Consultant at Nextview. “Coalesce’s platform has been instrumental in our ability to drive efficiency and innovation for our clients.”

EMEA Emerging Partner of the Year – Kemb

Kemb has been recognized as the EMEA Emerging Partner of the Year for its rapid growth and strong execution in data modernization initiatives. By leveraging Coalesce’s metadata-driven approach and intuitive feature set, Kemb has helped organizations across the region modernize their data environments with speed and precision.

“Coalesce has revolutionized how our clients approach data transformation and significantly improved the way they create and update their business logic,” said Konstantin Wemhöner, CDO at Kemb. “We’re excited to continue growing our partnership and helping even more organizations achieve data excellence.”

ANZ Partner of the Year – FIRN

FIRN has been awarded ANZ Partner of the Year for its leadership in bringing Coalesce’s transformative data solutions to the Australia-New Zealand region. FIRN’s expertise in cloud data platforms and commitment to customer success have made it a driving force in the adoption of Coalesce across the region.

“This recognition highlights our commitment to building business value and driving customer growth through innovation, collaboration, and impactful solutions,” said Nick Lupis, Managing Director at FIRN. “We look forward to continuing our successful partnership.”

Commitment to Partner Success

Coalesce’s SI Partner Program is designed to empower partners with the technology, training, and support needed to drive successful data initiatives for their customers. As organizations scale their data operations at an accelerating pace, Coalesce remains committed to fostering strong partnerships that enable successfully delivering data projects now, and in the future.

For more information about Coalesce’s SI Partner Program, visit https://coalesce.io/partners.

Resources
Follow Coalesce on LinkedIn and YouTube
Partner websites: Hakkoda, phData, Nextview Consulting, Kemb, FIRN

About Coalesce
Coalesce revolutionizes data transformations to accelerate the delivery of data projects. Recognizing data transformation’s critical role in the analytics lifecycle, we’ve created an inclusive developer platform that automates most SQL coding without sacrificing flexibility. Our platform boosts data team efficiency tenfold, allowing faster data pipeline development while empowering organizations to concentrate on extracting maximum value from their data. Discover more at Coalesce.io.

The MIL Network –

February 19, 2025
MIL-OSI: Eos Energy Enterprises Announces Date for Fourth Quarter and Full Year 2024 Financial Results

Source: GlobeNewswire (MIL-OSI)

EDISON, N.J., Feb. 18, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced it will release its fourth quarter and full year 2024 financial results after the U.S. market closes on March 4, 2025. A conference call to discuss its results will take place the following morning on March 5 at 8:30 a.m. Eastern Time.

Eos is now partnering with Say Technologies to allow retail and institutional shareholders to submit and vote on questions ahead of the earnings call. A selection of key questions applicable to the broad investor base will be addressed live during the call, offering shareholders an opportunity to engage with Eos management.

Starting on February 25, 2025, at 8:00 a.m. ET, registered shareholders will be able to submit questions via the Say Technologies Q&A Platform, which will remain open until 8:00 a.m. ET on March 3, 2025. For any support inquiries shareholders may email support@saytechnologies.com.

Registration Information

The live webcast of the earnings call will be available on the “Investor Relations” page of the Company’s website at Eos Investors or may be accessed using this link (registration link). To avoid delays, we encourage participants to join the conference call fifteen minutes ahead of the scheduled start time.

The conference call replay will be available via webcast through Eos’ investor relations website for twelve months following the live presentation. The webcast replay will be available from approximately 11:30 a.m. ET on March 5, 2025, and can be accessed by visiting Eos Investors

About Eos Energy Enterprises

Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our path to profitability and strategic outlook, statements regarding our capital needs to support project AMAZE, statements regarding the anticipated use of proceeds from the delayed draw term loan with Cerberus, and statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future, including the discretionary revolving facility from Cerberus; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; uncertainties around our ability to meet the applicable conditions precedent to funding under the DOE loan; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; risks resulting from the impact of global pandemics, including the novel coronavirus, Covid-19; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

The MIL Network –

February 19, 2025


Contact	Dave Blumberg TransUnion

E-mail	david.blumberg@transunion.com

Telephone	312-972-6646

Category: Business

What are gravitational waves?

You argue that some gravitational waves are quantum in nature. What does that mean?

What did your research reveal?

Why is this an important finding?

Trade, drugs, migrants, banks

The grip of populism

Dangerous sentiments

Much ado about nothing

Self-defeating irrationality

Defence spending

Notes to editors

Share this page

Updates to this page