Category: Business

  • MIL-OSI USA: Puppetry Exhibition Showcases Photographic Work of UConn Alum, 60 Years of Puppet Arts

    Source: US State of Connecticut

    The lens of Richard Termine’s camera frames the performers before him like the decorative proscenium around a stage, in a view the award-winning photographer says is both wonderful and challenging to capture.

    Termine says he considers himself a partner to the performers, moving in a dance around them, anticipating their next move, as he clicks his way to capturing the moments of life and emotion they convey.

    A Middletown native and double UConn alum, he started studying the dramatic arts as an elementary student who went to the library to learn more after seeing a marionette performance of “Rigoletto,” he says.

    “It just blew me away. It was transformative,” Termine ’75 (SFA), ’78 MFA says of that school assembly. “When I go to the theater … I want to go to worlds and places I haven’t been, and puppetry is No. 1 on the list that does that for me.”

    Jim Henson, left, and Brian Henson taught a three-week International Workshop in Puppetry for Film and Television during the summer of 1987 at the Institut International de la Marionnette in Charleville-Mezières, France. Termine went along as Jim Henson’s teaching assistant and also photo documented the event. (Photo courtesy of Richard Termine)

    A one-time puppet designer, puppet builder, and puppet director, Termine lists name-brand shows on his resume including “Sesame Street” and readily talks about knowing the famed duo Jim Henson and Frank Oz. He discovered photography in the late 1970s at the suggestion of a friend.

    Today, he lists the New York Times and Village Voice, along with Time, Newsweek, and People among his credits. Yet, even after decades in the business, Termine says he still marvels at the power of puppets and their performers.

    “I’m standing on their shoulders in terms of my art form, and I’m the interpreter of what’s in front of me,” he says. “What I love about this is I’m transformed when I’m working. … When I’m in the moment, it’s exhilarating.”

    Visitors to the Ballard Institute and Museum of Puppetry will have a chance to see just what Termine sees when he puts his eye to the camera. Its latest exhibition, “American Puppet Theater Today: The Photography of Richard Termine,” includes 151 of his images.

    The show, courtesy of The Jim Henson Foundation, was created in 2019 for display in France and since has seen five iterations including at exhibitions in Chicago, New York City, Montreal, and College Park, Maryland. Its Connecticut show in Storrs is on display until May 11.

    From Marionette and Shadow to Rod and Hand

    Foundation President Cheryl Henson, curator of the exhibition and daughter of renowned puppeteer Jim Henson, uses words like “play, magic, imagination, and creativity” when talking about the importance of puppetry and its value in the world today.

    “Puppetry brings out all of these really essential parts of being human,” she says.

    While the Muppet style her father made famous on shows like “Sesame Street” might have the broadest reach of any style – the show featuring Big Bird, Oscar the Grouch, and Elmo has aired in 124 countries – she says the accessibility of the myriad puppet styles is what gives puppetry “infinite potential.”

    Much of that variety can be seen in “American Puppet Theater,” with Henson describing the show as “a celebration of what puppetry can do.”

    During a recent tour of the exhibition, Termine points out a 2011 photograph of Jim Rose, a marionette fabrication teaching artist, and says it’s among his favorites. The image is simple: a puppeteer fiddling with the cross brace of a marionette, tugging at a string that lifts the puppet’s head in a loving gaze toward its handler.

    Henson notes that thanks to UConn’s John Bell, director of the Ballard, and Emily Wicks, the museum’s operations and collections manager, the exhibition has 15 puppets on display alongside Termine’s photographs.

    She walks toward the first, which greets those entering the exhibition, a direct-manipulation puppet named Disfarmer – a small bald man with glasses – adjusting the back of a Depression-era camera draped in a dark cloth. It’s one of six versions made for a 2009 production about photographer Mike Disfarmer.

    Another puppet, this one with a political message, is poised in the back corner of the Ballard. It’s a toy theater with a black proscenium adorned with four ornate butterflies from the performing company Great Small Works. Next to it, Termine notes, is a 2010 photograph depicting a performing John Bell; his wife, Trudi Cohen; and Jenny Romaine.

    The Blue Fairy from the opera “La Bella Dormente Nel Bosco” swoops through the air in the opposite corner, while a couple of Punch and Judy-style hand puppets get some laughs long after their 2009 adult-only performance of “The Punch and Jimmy Show.”

    While the exhibition features mostly puppets outside the Muppet style, Termine says the show reflects the impact Jim Henson, who died in 1990, and his Foundation have had on the puppetry world.

    Puppet Arts Program: A Diamond Year

    The Jim Henson Foundation, founded by its namesake in 1982, is devoted to cultivating the work of American puppeteers and has provided support for more than 1,300 projects from more than 350 artists in that time.

    “When we look at [this exhibition], these are artists that have been supported by the Foundation, creating their own work, finding their own voices in this rich art form,” Termine, Foundation vice president, says. “It’s right here, and that’s what makes this special.”

    Puppeteer Basil Twist performs with Stickman at a reception in June 2021 at Upper Penthouse, Central Park South, New York City. (Photo courtesy of Richard Termine)

    “One of the things my dad really loved about puppetry is how much the different puppeteers loved watching each other’s work and how they’d get so excited about somebody else’s brilliance,” Henson adds.

    Say a name related to the puppet community and Termine and Henson can explain the loop of how that person is connected to this person and the next. It’s a community, they say, and many in it have UConn ties.

    Termine’s mother once met Carol Thompson ’68 (SFA), ’78 MA, a student of renowned UConn professor Frank Ballard, who introduced Termine to the famed puppeteer in 1970 when he was doing a production of “The Love for Three Oranges” at UConn.

    The friend who nudged Termine in the late 1970s to take up photography was the late Manchester-native-turned-Emmy-nominated puppet designer Jan (Rosenthal) Stefura ’77 (SFA), who built Mokey Fraggle on “Fraggle Rock,” among others.

    Termine’s MFA class included Bart Roccoberton Jr. ’90 MFA, who heads UConn’s Puppet Arts Program, and his teachers included the late Jerry Rojo, the former dramatic arts professor who designed the black box Mobius Theater in the Drama/Music building.

    With deep connections in the puppet world, UConn’s Puppet Arts Program celebrates its 60th anniversary this year with a special section of the exhibition dedicated to that achievement.

    It’s “a leader” in the industry, Termine says, so much so that several years ago, when a couple of UConn women’s basketball players visited the set of “Sesame Street,” most of crew sported their UConn garb to share their school pride.

    The same sense of delight swelled in Termine when he visited the Ballard Museum in Downtown Storrs recently for the exhibition’s opening: “To come back here and to share what I started,” he said, trailing off in thought. “Thanks to the Henson family and to my training here at UConn.”

    MIL OSI USA News

  • MIL-OSI USA: Getting a Foot Up on Production Simulation and Streamlining

    Source: US State of Connecticut

    A creative collaboration between UConn’s Connecticut Manufacturing Simulation Center (CMSC) and ZANEEZ® Health in Glastonbury, Conn., is focusing on virtual prototyping of an innovative foot and ankle platform made from advanced thermoplastic polymers. This process reduces the time and cost associated with multiple rounds of physical testing, optimizing structural integrity and product performance before physical production begins.

    “AnkleSTONE®, developed by ZANEEZ® Health, represents a significant advancement in orthopedic rehabilitation devices,” says Jeongho Kim, principal investigator and CMSC director, and also a professor for the School of Mechanical, Aerospace and Manufacturing Engineering. “This partnership with CMSC allows our team to provide advanced technical expertise and simulation capabilities to enhance product development.

    “At CMSC,” Kim explains, “we have the tools and computational resources to assist companies like ZANEEZ® in overcoming limitations in physical prototyping. Our partnership enables them to analyze critical load capacities and structural performance, for example, helping refine the AnkleSTONE® design for maximum effectiveness and resilience.”

    The AnkleSTONE® team includes, from left, Jake Crane (strategic advisor, CONNSTEP), Dan Tangari, Marien Zanyk, and Jeongho Kim.

    Supported by the U.S. Economic Development Administration, CMSC provides technical assistance at no cost to small- and medium-sized manufacturers in Connecticut, fostering innovation and economic development in the state. The center offers a suite of high-performance computing-based modeling and simulation services, enabling companies to replace costly physical prototypes with virtual simulations that streamline the development process.

    Many small businesses, Kim adds, lack the specialized resources required for intensive prototyping. The center’s physics-based modeling and virtual prototyping approach, he says, allows companies like ZANEEZ® to develop cost-effective solutions efficiently.

    CMSC’s staff is currently engaged in virtual prototyping of the AnkleSTONE® foot and ankle platform, made from advanced thermoplastic polymers. This process reduces the time and cost associated with multiple rounds of physical testing, optimizing structural integrity and product performance before physical production begins.

    “Research and support from CMSC has made our development process more efficient, saving a tremendous amount of time and expense versus physical prototyping and destructive testing,” says Dan Tangari, a lead designer from Spark Design LLC, working with ZANEEZ®. Spark, Tangari explains, works with a diverse group of clients to help develop innovative products from initial concept through production.

    CMSC, says Tangari, has been assisting Marien Zanyk, ZANEEZ® founder and CEO, in refining her AnkleSTONE® product for injection molding. “This requires accounting for complex loads and stress that the product will encounter during use,” he explains. “This type of analysis is outside the scope of our capabilities. Partnering with Dr. Kim and CMSC was an invaluable step in the development process.”

    The Engineering Science Building houses the Connecticut Manufacturing Simulation Center (Sean Flynn/UConn Photo)

    Through Kim’s advanced structural analysis of the AnkleSTONE® product, potential weak areas were identified in the design for typical use-case scenarios, Tangari continues. “Our combined team was able to meet virtually at regular intervals to review new findings based on the latest simulations. This virtual prototyping provided insights that guided our design improvements, allowing us to iterate faster, and make much more informed decisions during CAD refinement. The collaboration between ZANEEZ® and CMSC allows us to feel confident moving forward that we have a proven design that is ready for production.”

    Since its inception in 2016, CMSC has collaborated with over 50 businesses, training more than 350 professionals, 2,400 UConn students, and 24 community students.  Other CMSC projects include partnerships with Aero Gear, PCX Aerospace, and Advanced Manufacturing LLC, focusing on complex simulation and optimization for Connecticut’s manufacturing sector.

    Located at the Engineering Science Building on UConn’s Storrs campus, CMSC continues to support the state’s manufacturing industry with cutting-edge computational tools and research. For more information, visit CMSC’s website or LinkedIn page.

    MIL OSI USA News

  • MIL-OSI Global: Roman London’s first basilica found under an office block – here’s what it reveals about the ancient city

    Source: The Conversation – UK – By Lacey Wallace, Senior Lecturer in Roman History & Material Culture, University of Lincoln

    Archaeologists from the Museum of London have discovered a well-preserved part of the ancient city of London’s first Roman basilica underneath the basement of an office block. The basilica was constructed for use as a public building in the 70s or early 80s AD.

    In a Roman town, a basilica was a multi-functional civic building. Often paid for by leading local inhabitants, it provided a large indoor space for public gatherings. These ranged from political speeches to judicial proceedings.

    Along with the connected forum – an arrangement of buildings that surrounded an open courtyard space – the building formed the centre of administrative and civic life in the ancient Roman city of Londinium.


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    Other walls of London’s basilica and forum have been known by archaeologists since the early 1880s. But they were only recognised as remains of the social and civic centre of Londinium in 1923.

    The story until now

    Peter Marsden, the author of The Roman Forum Site in London (1987), compiled disconnected evidence for the different phases of London’s forum basilica complex.

    Referring to the current area of excavations (on Gracechurch Street), he noted that: “More than half of the archaeological deposits still remain, and should be carefully excavated when the opportunity arises, since only then will the history of the site be elucidated.”

    Occasional opportunities have arisen to reveal small parts of the forum basilica. For example, during construction of a shaft to install a lift at 85 Gracechurch Street, some important remains from the first century were found. But the excavated area was too small to contribute greatly to our knowledge.

    In contrast, the recent work is part of a major redevelopment. It has opened targeted excavation areas where walls of the basilica were expected to be found, exposing substantial parts of the building.

    Archaeologists have found one-metre-wide foundations and walls of the interior, some of which probably extend for more than 10 metres in length. The walls are constructed of flint, tile and Kentish ragstone (a type of limestone quarried in Kent), and some stand at four metres high.

    Archaeologists discussing the find.

    What was the basilica for?

    Londinium was constructed on an unoccupied site beginning in about AD47 or 48. It began to gain the trappings of a Roman-style town, including a basilica building, in the lead-up to its destruction in the Boudican Revolt in AD60 or 61.

    The city did not have a monumental forum and basilica complex until later, however, when a major programme of public and private construction was undertaken in the Flavian period (AD69–96).

    London’s Flavian basilica took the plan of a long rectangle (44m x 22.7m) divided into three aisles. There is good evidence from the deeper central aisle (nave) wall foundations that the nave roof was raised to two storeys, to allow for windows to provide internal light.

    Shallow foundations crossing the nave are evidence of a raised dais or platform at the eastern end. The speaker or judge would sit there, elevated above the crowds, increasing both his visibility and status. This platform, or “tribunal”, is the area that has recently been revealed.

    The basilica would have risen above the north side of the buildings that formed the forum courtyard. It would have dominated the high ground of this monumental space at the highly visible crossroads leading straight up from the Roman Thames bridge.

    It would have been the largest building in the area and firmly announced that the people of Londinium were constructing a high-status Roman city.

    Rebuilding following the British queen Boudica’s revolt had been swift. The post-Revolt fort that was built only 100 metres or so down the street had likely been decommissioned and the people were ready to embark on a new phase and a major expansion of the urban centre.

    The designs of late first century forum basilica complexes varied across the provinces. But generally they combined religious, civic, judicial and mercantile space.

    In places like Pompeii, the forum had developed over time. But, when the town was buried by the ash of Vesuvius in AD79 (approximately the same time the forum basilica of London was built), the focus of the elongated monumental space was the Temple of Jupiter, symbol of the Roman state.

    Although a classical temple was constructed to the west of the exterior of Londinium’s Flavian forum, it was clearly separate. No forum in Britannia was dominated by a temple, setting the core of urban space in this province apart from most examples in the rest of the empire.

    The Flavian forum basilica at Londinium is one of the earliest examples to demonstrate this characteristic, along with that at Verulamium (St Albans). There, an inscription links the circa AD79–81 construction to the governor Agricola, who is well known among historians from the celebratory biography written by his son-in-law, Tacitus.

    The Flavian basilica and forum only stood for about 20 or 30 years, however. With increased prosperity in the early second century, they were demolished and replaced by a new structure which was five times larger, leaving the remains of the first basilica underneath the surface of the later courtyard space.

    The Museum of London will now analyse and publish the results of its find, applying modern methods to advance our understanding of the development of the first forum basilica. We can expect refined dating evidence and an improved understanding of the architecture from the post-excavation analyses. An exhibition space to make the remains visible for the public is also planned.

    Lacey Wallace 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. Roman London’s first basilica found under an office block – here’s what it reveals about the ancient city – https://theconversation.com/roman-londons-first-basilica-found-under-an-office-block-heres-what-it-reveals-about-the-ancient-city-249980

    MIL OSI – Global Reports

  • MIL-OSI Global: How to be happy with what you have – and avoid the trap of comparison

    Source: The Conversation – UK – By Joshua Forstenzer, Senior Lecturer in Philosophy and Co-Director of the Centre for Engaged Philosophy, University of Sheffield

    Alphavector/Shutterstock

    In many ways, I feel like we shouldn’t be happy with what we have. We live in a world of tremendous inequality and cruelty, running towards an environmental wall. Not just that, but some of the best people I know are chronic persistors: they know how not to accept the unacceptable.

    But we also live in an economy that profits from and purposefully generates private feelings of lack, want, comparison and envy. Somewhat counter-intuitively, this envy often spurs on the feelings of lack and want, rather than the other way around. This is the genius of advertising: to generate “perceived” (aka fake) needs. I see someone living a “good” life – exciting, sexy, creative – and now I want what they have: the shoes, watch, holiday, you name it.

    Envy requires comparison. And comparison requires a scale by which to rank ourselves. Popular culture offers quite a few. Being the object of sexual desire (think of “matches” on dating apps) for example, or digital social connectivity (think of “followers” or “likes”). These can all play a role in shaping your sense of personal success or failure.


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    Sometimes, these are presented in a unified pseudo-metric of success. Take for example the idea of a “high-value man”. The parts of the internet that use the concept tend to celebrate having money, a wide social network and being useful to others. This often veers into celebrating material wealth and superficial self improvement as the path to success and sexual attractiveness. The viral TikTok song I’m Looking for a Man in Finance is an only mildly exaggerated spoof of this ideal.

    The implicit assumption is that having more “good things” than others means being more valuable as a person. But behind this there are a host of hidden assumptions – not least that you can “own” the genuinely valuable things in life (as opposed to being them).

    These hidden assumptions usually reveal deep seated shame – the feeling that you are not enough as you are. And that you are not entitled to set the parameters that define the success or failure of your own life.

    Feeling bad about yourself is not always unhealthy. A healthy negative feeling lets you know if you have done something wrong, or acted in a manner that does not meet your own moral standards. This feeling calls for you to change your ways.

    Shame can be very psychologically painful.
    Alphavector/Shutterstock

    The unhealthy feeling, that I am calling “shame”, is not merely the feeling of embarrassment or moral doubt. Rather, it is (to follow vulnerability researcher Brené Brown’s definition) “the intensely painful feeling or experience of believing that we are flawed and therefore unworthy of love and belonging”.

    This feeling is so psychologically painful that you may reflexively do all you can to remain unaware of it. This denial means that you can start to see your own critical inner voice (itself shaped by past negative experiences) as animated by an “objective” social reality, telling you not just that you’re failing, but that you are a failure. This is often called “projection”.

    Other times, when you can bear to consciously feel this emotion, you may seek to negotiate with it and offer remedial actions to the universe to make up for recurrent feelings of worthlessness. In darker times still, shame can overtake your whole life, paralysing you and creeping into the quietest parts of your private self.

    How to combat shame and be happy with what you have

    Shame can be a remarkably sticky emotion. Identifying and interrogating it can be helpful. Working on revising how you understand your self and your relationship to others can also help. The options are many, but for the sake of illustration here are three that speak to me.

    1. Stoicism

    Stoics believed that your essential nature is stable and the project of life is to fulfil this nature and flourish. When making judgments, people ascribe value to an imagined state of affairs (“it would be really great if I were thinner”) and a belief that a specific course of action will make it a reality (“going without chocolate will return the figure I had in my teens”).

    A stoic approach means connecting with your community.
    Alphavector/Shutterstock

    Both of these can be false, because the things you desire can actually be bad for you, and you have less control over the future than you tend to think. Stoics thought people should try to get the relationship between their emotional state and the goods they pursue into harmony, seeking self-mastery in order to flourish.

    To this end, stoic ethics demand that you recognise and cultivate habits that put you in touch with your own nature within the wider world – starting from the self, expanding to the family, the community, the state, humanity and ultimately the cosmos.

    2. Existentialism

    In contrast, existentialism requires paying attention to the lack of any ultimate purpose in human life. No one thing can ever fully define who you are. Your capacity to reinvent yourself, to value something new, to start a fresh project, is yours alone.

    Existentialists define life’s meaning for themselves.
    Alphavector/Shutterstock

    The empty feeling of meaninglessness you sometimes encounter when you have finally achieved a long sought after goal (like getting that big promotion) can be dizzying. But this feeling is a reminder of the fact that nothing in your nature demands that you achieve any one thing. It’s up to you.

    You must face authentically the fact that you are free and therefore responsible for your projects and the meaning you give to them.

    3. Humanistic psychotherapy

    A humanistic psychotherapeutic perspective offers a middle way. It invites you to look upon yourself with compassion, seeing yourself as complex, responsible and yet also imperfect and vulnerable, always involved in a richly evolving tapestry of relationships that ultimately gives meaning and purpose to your life.

    In humanistic psychotherapy, our relationships give life meaning.
    Alphavector/Shutterstock

    This means that relationships and the recognition you give and derive from them provide the only solid basis for confronting that most important question – “who am I?” – ultimately seeing you through your darkest times. But this means that you need these relationships to be genuine, kind and honest so that you can see yourself and others for the frail, evolving and unique individuals that we all are.

    Joshua Forstenzer’s work receives funding from the Yale Center for Faith and Culture as part of its Templeton-funded Life Worth Living project (https://lifeworthliving.yale.edu/). He is also a consultant to North Consulting as part of the LIFE Erasmus+ project (https://www.kmop.gr/projects-vf/news-life-worth-living/) which uses text-based pedagogic methods to facilitate wellbeing conversations about meaning and purpose with teachers and school leaders in five European countries.

    ref. How to be happy with what you have – and avoid the trap of comparison – https://theconversation.com/how-to-be-happy-with-what-you-have-and-avoid-the-trap-of-comparison-235476

    MIL OSI – Global Reports

  • MIL-OSI Global: Britain’s unearned wealth has ballooned – a modest capital tax could help avoid austerity and boost the economy

    Source: The Conversation – UK – By Stewart Lansley, Visiting Fellow, School of Policy Studies, University of Bristol

    Canary Wharf in London. I Wei Huang/Shutterstock

    Inheriting the worst set of public finances for decades, Labour was always going to face an uphill struggle trying to fund improvements to the UK’s public services.

    Inflated debt and recent hikes in the cost of borrowing mean the government is faced with stark choices. For it will be difficult to meet the chancellor’s own tight fiscal rules without further tax rises or cuts in public spending.

    But as the former chief economist at the Bank of England, Andy Haldane, has warned, further spending cuts would be “deeply counterproductive”.

    One solution for avoiding ongoing austerity lies in raising a higher proportion of taxes from assets. For despite the UK enjoying a long personal wealth boom, little of this boom is the result of new wealth creation or higher productivity.

    Much of it is unearned. Some is the product of corporate wealth extraction, where dividend payments and personal fortunes have have been prioritised over the long-term health of a company. Some privatised water firms, for example, have been turned into cash cows for their owners.

    Another large part of British unearned wealth is the product of state-induced asset inflation. Since 1999, house prices in England have risen almost three times faster than incomes.

    This kind of asset inflation is a classic example of “passive accumulation”. Or, as the 19th-century philosopher John Stuart Mill described it, getting rich in your sleep.

    As a result, household wealth currently stands at over six times the UK’s GDP. It was three times in the 1970s.

    Yet while Britain is asset rich, its tax system is heavily based on earnings from work. Taxes on income from dividends, capital gains and inheritance make a tiny contribution to the public purse.

    This is a fundamental flaw of the tax system which does little to dent the growing concentration of wealth owned by the few. Through political inertia, the tax system has failed to catch up with the growing importance of wealth over income.

    Inherit the earth?

    The fallout from the low taxation on wealth is well illustrated by the role of inheritance.

    Levels of wealth passed on after death in the UK have been rising sharply. Over the next three decades, some millennials are expected to inherit a staggering £5.5 trillion, dwarfing all previous transfers of wealth between generations.

    The lion’s share of this transfer will go to the most affluent. The lifetime wealth of those with parents in the richest fifth will see their wealth grow by 29% – compared with 5% for those born to the poorest fifth.

    This will only intensify the reproduction of the wealth divide of the past.

    Extending the tax base is not just about fairness or revenue raising. Asset holdings are often little more than unused resources, while big inter-generational wealth transfers can play a counterproductive role in the economy.

    Over a third of the UK’s wealth is stored in property (with the rest in pensions, savings and possessions). This is mostly only realised when passed on through inheritance , where its benefits accrue to the already privileged. Little of this process contributes to more productive activity, with one of its most malign effects being to fuel higher house prices, because the money is largely reinvested in property.

    The unfairness of inherited wealth has long been recognised. The patron saint of economics, Adam Smith called it “manifestly absurd”.

    Farmers have protested against Labour’s plans for inheritance tax.
    Mark Anthony Ray/Shutterstock

    A modest and phased rise in capital taxation would help to reduce the passive role played by wealth holdings. Even small changes would release funds which could be used to improve social infrastructure from schools to hospitals.

    One approach would be to build on the existing tax system through higher rates and fewer reliefs and loopholes. The second would be to introduce new taxes.

    In her first budget, Rachel Reeves took steps to raise revenue through the first option, from both inheritance and capital gains tax. But these were too modest to alter the overwhelming dominance of tax on earnings.

    A more fundamental shift would be to reform the existing system of council tax with a larger number of tax bands at the top. Still based on 1991 property values, this is perhaps the least defensible tax in Britain. The most effective alternative would be to replace council tax and stamp duty with a single proportionate “property tax”.

    Another option would be for a modest annual 1% tax on wealth over £2 million, which has the potential to raise around £16 billion a year, or double that on wealth over £1 million.

    Such a measure could be sold politically as a “solidarity tax” to help pay for the things the UK needs. And while governments have been wary of the political reaction to higher taxes on wealth, the tide is turning.

    Those supporting higher taxes on wealth include the Conservative-aligned think tank Bright Blue and an influential campaign group called the Patriotic Millionaires. There is also growing public support.

    Continued public spending austerity would drive more years of stagnation. It would also be politically suicidal for this government, as it was for Labour in 1931 and in the 1970s. But harnessing a little more of the country’s immense private wealth would make the tax system more equitable and by providing the resources to boost social investment, ease the path to economic recovery.

    Stewart Lansley 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. Britain’s unearned wealth has ballooned – a modest capital tax could help avoid austerity and boost the economy – https://theconversation.com/britains-unearned-wealth-has-ballooned-a-modest-capital-tax-could-help-avoid-austerity-and-boost-the-economy-247970

    MIL OSI – Global Reports

  • MIL-OSI Global: Surfer’s ear: the condition that might leave wild swimmers and surfers with hearing loss

    Source: The Conversation – UK – By Dan Baumgardt, Senior Lecturer, School of Physiology, Pharmacology and Neuroscience, University of Bristol

    Surfer’s ear happens when growths develop on the bones of the auditory canal. speedshutter Photography/ Shutterstock

    Cold water swimming, paddleboarding and surfing are all popular pastimes – with millions of people in the UK regularly participating in at least one type of outdoor watersport each year.

    But those bravely breaking the waves may not realise they could actually be putting themselves at risk of hearing loss due to external auditory canal exostosis – better known as surfer’s ear.

    Surfer’s ear affects the auditory canal – the thin tube which conveys sound waves from our surroundings, channelling them towards the sensory organs which generate our sense of hearing.

    These inner portions of the ear are shielded by bone. This is because the anatomical structures that turn air pressure waves into sounds – the eardrum, ossicles and cochlea – are very small, very sensitive and would be easily and irreparably damaged if not protected.

    Ideally, our ear canals should be clear and unobstructed. Sure, sometimes they can get clogged up with wax and even sometimes foreign bodies can work their way inside (such as peas, plasticine or even bugs).




    Read more:
    What bodily secretions like blood, wax and tears can tell us about our health


    But surfer’s ear causes an obstruction of the ear canal in a different manner. Growths start to develop on the bone which lines the auditory canal.

    As these growths continue to develop, they push into the canal – effectively narrowing the space inside. In doing so, this can prevent the conduction of sound waves getting through to the eardrum. One symptom patients with surfer’s ear may notice as a result is hearing loss.

    Other associated problems may arise, too. The ear canal produces wax. Any narrowing of the canal will more easily retain wax, but also water – not just from swimming, but from wet weather or taking a shower. An accumulation of both in the canal can worsen hearing loss and raise the risk of developing an ear infection.

    But what causes surfer’s ear in the first place?

    The cause appears to lie in repeated exposure to cold water and high winds – which most surfers encounter while riding a wave, or tumbling off one. It appears to be a problem unique to humans, perhaps because of the configuration of their ears.

    While researchers aren’t entirely sure why cold exposure causes the bone to grow abnormally, it’s possible that the ear’s natural response to prolonged cold (which irritates the eardrum) is to create a bigger shield for it. Cold water and wind may stimulate bone cells called osteoblasts, causing new bone to grow – offering more protection.

    It’s important to note that surfer’s ear is different from swimmer’s ear – a condition which you may be more familiar with. Though both can arise from water immersion.

    Swimmer’s ear, also called otitis externa, is a form of ear infection. It typically results in pain and discharge, and can arise from water accumulating in the ear canal, which then acts as a breeding ground for bacteria. Narrowing of the ear canal can worsen the problem, so swimmer’s ear can also be associated with surfer’s ear.

    Surfer’s ear is distinct from swimmer’s ear, where water accumulates in the ear canal.
    PeopleImages.com – Yuri A/ Shutterstock

    It’s estimated that 3-6% of the general population may have some form of exostosis. But the condition does appear to overwhelmingly affect surfers – with one systematic review finding the condition affected an average of around 68% of surfers.

    However, surfer’s ear is not unique to surfers. Any sport which exposes an athlete to cold water and wind might result in the same effect. These include wild or outdoor swimming, windsurfing and kayaking.

    There’s also a cultural and geographical difference in prevalence across the globe. It’s estimated that 10% of Australians surf, and potentially raising the risk.

    You don’t even have to venture into the water to develop surfer’s ear, either. Some research suggests people living near the coast have an increased risk of developing surfer’s ear as they’re more likely to be exposed to cold winds. Other cases have been observed in patients without a clear cause.

    The condition might also be more common in males – though this may be due to a larger proportion of men participating in both the sport and the research.

    Preventing surfer’s ear

    Some research suggests that using earplugs while in the water can help reduce cold exposure to the ear and lower the risk. There are also specialised hooded wetsuits and bands that can worn as further protective measures.

    Surfer’s ear appears to be a long-term complication, and is more likely to develop from regular exposure, not just an occasional cold water dip. More than ten years of surfing appears to be associated with a greater risk, and more severe canal obstruction.

    For patients who develop severe symptoms – such as hearing loss and persistent ear infections – surgery may be required. The operation, called a canalplasty, involves chiselling or drilling away the excess bone to widen the canal again. Surfers should avoid heading back into the waves for two to three months after the operation until the site has properly healed.

    There’s some indication surfer’s ear may be on the rise – though this could also be because we’re getting better at diagnosing it and nowadays more surfers are aware of the condition.

    The risk of developing surfer’s ear in one or both ears is sadly real. Unfortunately, it appears that only by abstaining from surfing can the condition be averted.

    So if you do plan to go out into the wind and water – whether that’s surfing, paddleboarding or wild swimming – don’t forget your earplugs.

    Dan Baumgardt 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. Surfer’s ear: the condition that might leave wild swimmers and surfers with hearing loss – https://theconversation.com/surfers-ear-the-condition-that-might-leave-wild-swimmers-and-surfers-with-hearing-loss-249201

    MIL OSI – Global Reports

  • MIL-OSI Video: A COMMITTMENT like no other! | U.S. Army

    Source: US Army (video statements)

    About the U.S. Army:

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

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

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

    https://www.youtube.com/watch?v=sBCEuM6LcuE

    MIL OSI Video

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC – 17 02 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

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

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 0.375p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 9,324,006 1.1765    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 9,324,006 1.1765    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SALE 85,700 99.152p
    0.375p ORDINARY SALE 45,000 99.153p

    (b)        Cash-settled derivative transactions

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

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

    (i)        Writing, selling, purchasing or varying

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

    (ii)        Exercise

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

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

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

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 18 FEBRUARY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network

  • MIL-OSI: Form 8.3 – [THRUVISION GROUP PLC- 17 02 2025] – (CGAML)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

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

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 23,230,000 13.3845    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 23,230,000 13.3845    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    ORDINARY 1p SALE 20,000 2.82p

    (b)        Cash-settled derivative transactions

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

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

    (i)        Writing, selling, purchasing or varying

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

    (ii)        Exercise

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

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

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

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 18 FEBRUARY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network

  • MIL-OSI: Voltus, Vurge Announce Partnership to Deliver Comprehensive Utility Cost Optimization for Commercial Customers

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 18, 2025 (GLOBE NEWSWIRE) — Voltus, Inc. (Voltus), the leading distributed energy resource (DER) platform and virtual power plant (VPP) operator, and Vurge, the premier utility cost optimization service provider, today announced a partnership that allows customers to maximize the value of their DERs by ensuring that their utility bills for electricity, water, and gas are accurate and that they are informed of any opportunities to save on these costs.

    The partnership combines Voltus’s expertise in monetizing DERs with Vurge’s proven record of optimizing energy costs through utility bill analysis, enabling both companies to deliver enhanced value to their customers.

    “Our strategic partnership with Vurge presents a unique opportunity for our customers to significantly enhance their profitability,” noted Dan Svejnar, SVP of Growth at Voltus. “By leveraging Vurge’s expertise and advanced technology, we can identify untapped areas for energy savings for our customers within their operations.”

    The Voltus and Vurge collaboration is already delivering results for customers, including energy savings that directly translate into reduced operational costs and increased profit margins for Voltus customers, particularly in the Midcontinent Independent System Operator (MISO) region. Additionally, the partnership allows Voltus to explore innovative ways to optimize energy usage and potentially generate additional revenue streams for customers, further bolstering their overall financial performance. Vurge’s service offering uncovers DER operational flexibility, which Voltus can then monetize on behalf of those customers.

    “While our core expertise lies in finding utility cost savings, we often discover that our customers have untapped potential for DER monetization,” said Vlad Kaufman, CEO at Vurge. “Now, with Voltus, we’re able to offer customers a reliable means of activating that idle flexibility — a process that opens up new revenue streams for customers without compromising site reliability.”

    About Vurge
    Vurge is a national leader in utility cost savings, helping businesses optimize electric, gas, water, and wastewater expenses through expert analysis and innovative solutions. By identifying billing errors, applicable credits and exemptions and negotiating better rates, Vurge delivers significant savings without altering operations or requiring capital spend. With a results-driven approach and a commitment to client success, Vurge empowers companies to take control of their utility costs and boost their bottom line.

    About Voltus
    Voltus is a leading DER technology platform and virtual power plant operator connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity. Our commercial and industrial customers and DER partners generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency, and electric vehicle resources in these markets. To learn more, visit www.voltus.co.

    Media Contact:
    Mona Khaldi
    press@voltus.co

    The MIL Network

  • MIL-OSI: Crown LNG Signs Gas Sales MOU with India Gas Exchange

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 18, 2025 (GLOBE NEWSWIRE) — Crown LNG Holdings Limited (Nasdaq: CGBS) (“Crown” or “Crown LNG”), a leading provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, announced today the execution of a Memorandum of Understanding (MOU) with the India Gas Exchange Ltd. (“IGX”), India’s first automated national level trading platform. The MOU outlines how Crown and IGX plan to cooperate on liquefied natural gas (“LNG”) sales to pipeline customers downstream from Crown’s planned LNG import terminal in Kakinada, India.

    The signing ceremony on the sidelines of India Energy Week 2025 in New Delhi included Swapan Kataria, CEO of Crown LNG, and Rajesh Kumar Mediratta, Managing Director & CEO of IGX, and was witnessed by The Honorable Member of Parliament from Kakinada Shri Tangella Uday Srinivas, an advocate for building infrastructure to empower millions of households and to improve the development of new industries in Andhra Pradesh, including data centers requiring uninterrupted 24/7 power supply.

    The non-binding MOU provides a framework for LNG cargoes traveling through Crown’s regasification terminal to be listed, marketed, and sold on the IGX. Under the agreement, IGX will drive market awareness through workshops and industry engagement initiatives, encouraging wider participation in gas trading. Crown LNG will collaborate closely with IGX on LNG cargo arrivals and sales, ensuring a stable and efficient supply chain. Together, they aim to unlock new opportunities in India’s energy sector and reinforce the role of natural gas as a key driver of sustainable economic growth. Both organizations will explore further areas of cooperation to accelerate India’s 15% gas-based economy target by 2030, as envisioned by Prime Minister Narendra Modi.

    “This collaboration will offer Crown a unique position to sell gas to a large base of producers, traders, and offtakers throughout India,” said Swapan Kataria, Crown LNG CEO. “We believe this agreement is the first of several that will address the lack of supply for the eastern coast of the fourth largest LNG importer in the world. Together with IGX and our growing network of trusted local partners, we are excited to strengthen India’s energy security and to help make natural gas more accessible to industries and micro-enterprises across India.”

    The Kakinada terminal has received an approved total import capacity of 7.2 MMTPA. Crown expects to achieve final investment decision for the project in 2026 and to deliver first gas in 2029.

    About Crown LNG Holdings Limited
    Crown LNG is a leading provider of offshore LNG liquefaction and regasification terminal infrastructure solutions for harsh weather locations, which represent a significant addressable market for bottom-fixed, gravity based (“GBS”) liquefaction and floating storage regasification units, as well as associated green and blue hydrogen, ammonia and power projects. Through this approach, Crown aims to provide lower carbon sources of energy securely to under-served markets across the globe. Visit www.crownlng.com/investors for more information.

    Forward-Looking Information and Statements

    Certain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of Crown’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Crown. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions. 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.

    Crown LNG Contacts

    Investors
    Caldwell Bailey
    ICR, Inc.
    CrownLNGIR@icrinc.com

    Media
    Zach Gorin
    ICR, Inc.
    CrownLNGPR@icrinc.com

    The MIL Network

  • MIL-OSI: MARA Holdings Announces Closing of Texas Wind Farm Acquisition

    Source: GlobeNewswire (MIL-OSI)

    Fort Lauderdale, FL, Feb. 18, 2025 (GLOBE NEWSWIRE) — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, has closed its previously announced acquisition of a wind farm in Hansford County, Texas, with 240 megawatts of interconnection capacity and 114 megawatts of nameplate wind capacity.

    The site will utilize last-generation ASIC mining hardware that would have otherwise been written off or sold into the secondary market. By repurposing machines and energizing them with 100% renewable, zero-marginal energy cost, MARA is leveraging renewable resources that would have otherwise been curtailed, reducing bitcoin production costs through vertical integration, and demonstrating the commitment to environmental stewardship.

    “The closing of this acquisition represents a significant milestone in MARA’s ongoing transformation as we expand our asset base, following our strategic shift from an asset-light to an asset-heavy business model,” said Fred Thiel, MARA’s chairman and CEO. “With this added renewable energy asset, MARA now owns and operates 136 megawatts of generating capacity, strengthening our position across the entire energy generation and bitcoin mining process. This acquisition not only extends the economic life of our ASIC miners, but also drives reduction in operational costs, bringing us closer to achieving near net-zero operating costs. We are proud to revitalize this renewable energy asset, further underscoring our commitment to sustainability and long-term value creation.”

    About MARA

    MARA (NASDAQ: MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world’s preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.

    For more information, visit www.mara.com, or follow us on:

    Twitter: @MARAHoldings
    LinkedIn: www.linkedin.com/company/maraholdings
    Facebook: www.facebook.com/MARAHoldings
    Instagram: @maraholdingsinc

    MARA Company Contact:
    Telephone: 800-804-1690
    Email: ir@mara.com

    MARA Media Contact:
    Email: mara@wachsman.com

    The MIL Network

  • MIL-OSI: PubMatic to Participate in Upcoming Financial Conferences

    Source: GlobeNewswire (MIL-OSI)

    NO-HEADQUARTERS/REDWOOD CITY, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) — PubMatic, Inc. (Nasdaq: PUBM), an independent technology company delivering digital advertising’s supply chain of the future, today announced that members of its management team are scheduled to participate at the following upcoming financial conferences.

    • The Citizens JMP Technology Conference on Monday March 3, 2025. Management will participate in a webcasted fire-side chat at 1:30 p.m. PT / 4:30 p.m. ET
    • KeyBanc Capital Markets Emerging Technology Summit on Tuesday March 4, 2025. Management will participate in a webcasted fire-side chat at 10:00 a.m. PT / 1:00 p.m. ET

    Live webcasts will be available in the “Events” section of PubMatic’s investor relations website at https://investors.pubmatic.com/news-events/investor-calendar. The webcast replay will be available following the conclusion of the live presentations for 90 days.

    About PubMatic

    PubMatic (Nasdaq: PUBM) is an independent technology company maximizing customer value by delivering digital advertising’s supply chain of the future. PubMatic’s sell-side platform empowers the world’s leading digital content creators across the open internet to control access to their inventory and increase monetization by enabling marketers to drive return on investment and reach addressable audiences across ad formats and devices. Since 2006, our infrastructure-driven approach has allowed for the efficient processing and utilization of data in real time. By delivering scalable and flexible programmatic innovation, we improve outcomes for our customers while championing a vibrant and transparent digital advertising supply chain.

    The MIL Network

  • MIL-OSI: ECN Capital Schedules Q4-2024 Conference Call

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) announced today that it intends to file its financial statements and management discussion and analysis for the three-month period and full year ended December 31, 2024, after markets close on Thursday, February 27, 2025.

    The Company will host an analyst briefing to discuss these results commencing at 5:30 PM (ET) on Thursday, February 27, 2025. The call can be accessed as follows:

    A telephone replay of the conference call may also be accessed until March 27, 2025, by dialing 1-800-645-7964 and entering the passcode 5036#.

    About ECN Capital Corp.

    With managed assets of US$6.7 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American based banks, credit unions, life insurance companies, pension funds and institutional investors (collectively our “Partners”). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance and rental) loans. Our Partners are seeking high quality assets to match with their deposits, term insurance or other liabilities. These services are offered through two operating segments: (i) Manufactured Housing Finance, and (ii) Recreational Vehicles and Marine Finance.

    Contact

    Katherine Moradiellos
    561-631-8739
    kmoradiellos@ecncapitalcorp.com

    The MIL Network

  • MIL-OSI: Oxbridge / SurancePlus to Speak at RWA DAY During ETHDenver 2025

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, Feb. 18, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, announced today that CEO and Chairman Jay Madhu will be a featured speaker at RWA DAY during ETHDenver 2025, a premier event focused on Real-World Asset (RWA) tokenization, moderated by Adam Blumberg.

    Event Details: Oxbridge / SurancePlus CEO Jay Madhu and Adam Blumberg Fireside Chat
    Location: Hilton City Center, Denver, CO
    Date: Wednesday, February 26, 2025
    Time: 2:15 PM (MST)

    By using blockchain technology, SurancePlus transforms reinsurance contracts into decentralized, on-chain, tradable assets, offering uncorrelated, high-yield investment opportunities for investors, targeting a 20% and a 42% annual return.

    Fireside Chat Topics Include:

    • The impact of blockchain technology on the reinsurance industry
    • How decentralized tokenized reinsurance securities open new investment opportunities, with historical returns surpassing expectations and targeting annual returns of 20% and 42%.
    • The growth of RWAs and their integration into mainstream finance
    • Oxbridge’s strategic vision for expanding blockchain-based reinsurance solutions

    Jay Madhu, CEO of Oxbridge, commented, “I look forward to speaking at RWA DAY and discussing how SurancePlus is driving innovation in the reinsurance sector through decentralization and tokenization. Blockchain technology is transforming financial markets, and we are leading the way in bringing decentralized, institutional-grade RWA solutions to investors. Our tokenized reinsurance securities target annual returns of 20% and 42%.”

    Attendees at ETHDenver 2025 who are interested in learning more about Oxbridge / SurancePlus’ role in the RWA and blockchain space are encouraged to attend the session and connect with the team during the ETHDenver 2025 event.

    About Oxbridge Re Holdings Limited 

    Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.

    Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

    Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on-chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors. 

    Company Contact:
    Oxbridge Re Holdings Limited
    Jay Madhu, CEO
    +1 345-749-7570
    jmadhu@oxbridgere.com

    Forward-Looking Statements

    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2024. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward-looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.

    The MIL Network

  • MIL-OSI: Zayo Achieves Record-breaking 1 Tb/s Transmission on Live North American Network with Infinera’s ICE7 Coherent Optical Solution

    Source: GlobeNewswire (MIL-OSI)

    DENVER and SAN JOSE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) — Zayo and Infinera (NASDAQ: INFN) announced today the successful completion of a live network trial using Infinera’s ICE7, a seventh-generation embedded optical engine, to deliver 1 Tb/s single 150GHz wavelength transmission over 1,391 kilometers (km) on a major North American route between Sacramento, CA and Salt Lake City. This achievement will enable Zayo to deliver a record-setting 32 terabits of C-Band capacity across this link, with the ability to double bandwidth to 64 terabits with L-Band. Powered by Infinera’s innovative ICE7 optical engine, this trial signals a major industry milestone, demonstrating the power and ability of Infinera’s ICE7 and Zayo’s state-of-the-art network to rapidly and cost-effectively address the increasing capacity demands of AI, cybersecurity, and enterprise needs.

    Zayo operates the largest independent network, spanning 132,000 route miles in North America alone, and one of the largest and most modern 400G networks in North America. The success of the trial demonstrates Zayo’s ability to seamlessly integrate innovative new solutions like Infinera’s ICE7 optical engine into its industry-leading network to deliver the highest capacity, speed, and efficiency to meet the growing demands of its customers.

    Infinera’s ICE7 optical engine features a 5-nm CMOS DSP and leverages the latest generation of advanced high-speed optics to deliver high-baud-rate (140+ Gbaud) and single-wavelength transmission of up to 1.2 Tb/s, highlighting the improved capacity-reach and significantly reduced cost per bit, power consumption, and footprint of coherent optical transport.

    “With the rapid growth in capacity needs due to high-bandwidth applications like AI, Zayo actively seeks innovative solutions to deliver superior performance of our network by increasing capacity, capability, and reach. This successful test highlights how Zayo’s network is, and will continue to be, well positioned to easily meet increasing customer demands,” said Aaron Werley, SVP of Engineering at Zayo. “We are pleased with the performance of Infinera’s ICE7 optical engine. Technology like this that can easily integrate into our existing infrastructure is critical to Zayo’s mission to expand and create capacity across North America in support of our customers’ critical connectivity needs.”

    “The success of this trial marks a major accomplishment for Infinera as it underscores the power of ICE7’s ability to transmit 1 Tb/s high-baud-rate signals across a significant distance, which will be instrumental in driving down network operator costs while meeting the rapidly growing bandwidth demands of their customers,” said Paul Crann, Senior Vice President and General Manager, Optical Systems, at Infinera.

    Infinera Media Contact:
    Anna Vue
    Tel. +1 (916) 595-8157
    avue@infinera.com

    Infinera Investors Contact:
    Amitabh Passi, Head of Investor Relations
    Tel. +1 (669) 295-1489
    apassi@infinera.com

    Zayo Media Contact:
    Bree Wood
    press@zayo.com

    About Zayo
    For more than 17 years, Zayo has empowered some of the world’s largest and most innovative companies to connect what’s next for their business. The Zayo group of companies connects 400 global markets with future-ready networks that span over 18.7 million fiber miles and 146,000 route miles. Zayo’s tailored connectivity solutions and managed services enable carriers, cloud providers, data centers, schools, and enterprises to deliver exceptional experiences, from core to cloud to edge. Discover how Zayo connects what’s next at www.zayo.com and follow us on LinkedIn.

    About Infinera
    Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit www.infinera.com, follow us on Twitter and LinkedIn, and subscribe for updates.

    Infinera and the Infinera logo are registered trademarks of Infinera Corporation.

    This press release contains forward-looking statements, including but not limited to the operational, performance and financial benefits of Infinera’s ICE7 optical engine. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Actual results may vary materially from these expectations as a result of various risks and uncertainties. Information about these risks and uncertainties, and other risks and uncertainties that affect Infinera’s business, is contained in the risk factors section and other sections of Infinera’s Quarterly Report on Form 10-Q for the Fiscal Quarter ended September 28, 2024 as filed with the SEC on November 5, 2024, as well as any subsequent reports filed with or furnished to the SEC. These reports are available on Infinera’s website at www.infinera.com and the SEC’s website at www.sec.gov. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies and can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

    The MIL Network

  • MIL-OSI: Electrify Expo Expands in 2025 with New Cities, More Demos and Next-Level Experiences

    Source: GlobeNewswire (MIL-OSI)

    • North America’s premier electric vehicle festival returns for its biggest year yet, adding Chicago and Dallas to its eight-city tour
    • For the first time, attendees can choose from five ticket options, each tailored to enhance the experience for every type of EV shopper
    • New experiences, including the #EVRealityCheck Stage, alongside interactive demo zones like the Solar Zone, EV Charging Zone, Sim Zone, RC Zone and more

    AUSTIN, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) — Electrify Expo, North America’s largest electric vehicle (EV) and technology festival, is gearing up for its most exciting season yet in 2025. After a record breaking tour in 2024, Electrify Expo is expanding again, adding two major markets, Chicago and Dallas, to its eight city lineup. In addition to the new stops, attendees can look forward to expanded interactive zones and immersive experiences that showcase the latest advancements in electric mobility, charging and clean energy.

    “I have seen a massive increase in EV curiosity over recent months,” said BJ Birtwell, CEO and Founder of Electrify Expo. “US consumers appear eager to experience EVs and the best way to turn curious prospects into converts is with firsthand experiences, and that’s exactly what we do at Electrify Expo. We’ve become the 21st century Auto Mall jammed with attendees cross-shopping electric cars, trucks, motorcycles, bikes, scooters and more.”

    New for 2025
    Premium Ticket Experiences for Attendees: For the first time, Electrify Expo is offering five ticket options tailored to various needs and experiences.

    • General Admission Pass: All day access to the festival and demo experiences.
    • HeadStart Pass: Get early access to explore the festival an hour before general admission.
    • Dash Pass: Skip the lines with priority access to participating demo zones.
    • Power Pack: The best of both worlds, early entry plus priority access for the ultimate experience.
    • VIP Pass: Enjoy exclusive perks like premium lounge access, dash pass access, complimentary Electrify Expo merch, and VIP early entry.

    New Interactive Zones and Experiences: Building on its mission to provide hands-on EV experiences, Electrify Expo is unveiling new attractions in 2025.

    • EVRealityCheck Stage Powered by GreenCars: Debunk EV myths and challenge common EV misconceptions with live expert discussions, real world data and interactive Q&A sessions.
    • Electric Avenue: Go beyond the showroom with live product demonstrations, hands-on experiences and direct access to top EV brands.
    • The Solar Zone: Meet with a variety of solar manufacturers, retailers and installers and learn how Solar can power your home and EV…all while saving money.
    • EV Charging Zone: Get expert insights on EV charging, infrastructure and range with interactive demonstrations.
    • SIM Zone: Test your driving skills on high performance racing simulators in a hyper realistic setting.
    • Electric Stunt Zone: Watch pro riders push electric motorcycles to their limits in thrilling live performances at select locations.
    • LEV Zone: Experience the benefits of light electric vehicles, including UTVs, side by sides and modern electric golf carts.
    • RC Zone: Race high speed electric powered RC cars on tracks built for head to head competition.

    2025 tour schedule:

    • March 22-23: Orlando, FL
    • April 12-13: Phoenix, AZ
    • May 24-25: Dallas, TX **new city
    • June 21-22: Los Angeles, CA
    • July 12-13: Seattle, WA
    • August 23-24: San Francisco, CA
    • September 13-14: Chicago, IL **new city
    • October 18-19: New York, NY

    For the full 2025 schedule and to secure tickets, visit www.electrifyexpo.com. Media interested in attending may request credentials by emailing ee@skyya.com.

    Companies interested in exhibiting at the 2025 Electrify Expo locations can visit https://www.electrifyexpo.com/partner-registration.

    About Electrify Expo
    Electrify Expo is North America’s largest electric vehicle (EV) and technology festival, where consumers come to shop and experience all things electric. The festival showcases the industry’s leading brands and exciting startups through hands-on activations, demos and experiences spanning EVs, micromobility, solar energy, charging solutions, powersports, automotive aftermarket, and connected home technology, providing attendees with immersive learning opportunities and memorable interactions. From high-powered demo courses to engaging education zones, Electrify Expo offers a unique festival vibe for consumers to reshape what they think they know about EVs. In 2025, Electrify Expo’s nationwide tour will visit Orlando, Phoenix, Dallas, Los Angeles, Seattle, San Francisco, Chicago and New York. To stay up to date on the latest news and announcements from Electrify Expo, visit www.electrifyexpo.com and follow on Facebook, Instagram and YouTube.

    Media Contact
    Skyya PR
    ee@skyya.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/75ab5f32-89d3-44a9-8fd3-68efeab0ad0c

    The MIL Network

  • MIL-OSI: Solid Power, Inc. Announces Timing of Full Year 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    LOUISVILLE, Colo., Feb. 18, 2025 (GLOBE NEWSWIRE) — Solid Power, Inc. (Nasdaq: SLDP), a leading developer of solid-state battery technology, today announced that it will release its full year 2024 results after market close on Thursday, February 27, 2025, to be followed by a conference call at 2:30 p.m. MT (4:30 p.m. ET) on the same day.

    The call may be accessed through a live audio webcast on Solid Power’s Investor Relations website at www.solidpowerbattery.com/investor-relations. An audio replay will be available at the same location.

    About Solid Power
    Solid Power is developing solid-state battery technology to enable the next generation of batteries for the fast-growing EV and other markets. Solid Power’s core technology is its electrolyte material, which Solid Power believes can enable extended driving range, longer battery life, improved safety, and lower cost compared to traditional lithium-ion. Solid Power’s business model – selling its electrolyte to cell manufacturers and licensing its cell designs and manufacturing processes – distinguishes the company from many of its competitors who plan to be commercial battery manufacturers. Ultimately, Solid Power endeavors to be a leading producer and distributor of sulfide-based solid electrolyte material for powering both EVs and other applications. For more information, visit http://www.solidpowerbattery.com/.

    Contacts
    investors@solidpowerbattery.com
    press@solidpowerbattery.com

    Source: Solid Power, Inc.

    The MIL Network

  • MIL-OSI: Advanced Flower Capital Provides $15 Million Senior Secured Credit Facility to Story Ohio

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., Feb. 18, 2025 (GLOBE NEWSWIRE) — Advanced Flower Capital Inc. (f/k/a AFC Gamma, Inc.) (Nasdaq:AFCG) (“AFC”) today announced that it has committed and funded a $15 million senior secured credit facility to Story of Ohio LLC, the Ohio subsidiary of Story Companies (“Story”), a privately held multi-state operator of cannabis cultivation and retail facilities. Story intends to use the proceeds from the loan to acquire and build out dispensaries in Ohio.

    “We are pleased to support Story as it continues to expand its operations in Ohio,” said Daniel Neville, AFC’s Chief Executive Officer. “Story is one of the top private multi-state cannabis operators, led by a team of serial entrepreneurs who have consistently executed in a volatile cannabis market. We are excited to continue to support Story’s expansion.”

    Jason Vedadi, CEO of Story, commented, “We are pleased to once again partner with AFC to support Story’s expansion into a new state market. Dan Neville and his team understand the complexities of the cannabis industry, and their strategic approach aligns well with our vision for growth. This partnership enables Story to identify and capitalize on key market opportunities, and we look forward to continued success together.”

    AFC will hold the entire credit facility, which consists of a first-lien term loan secured by all of Story of Ohio LLC’s assets, including the value of its cannabis licenses and its owned real estate in both Ohio and Georgia, which is initially included as additional collateral. AFC Agent LLC served as agent for this transaction.

    About Advanced Flower Capital

    Advanced Flower Capital Inc. (Nasdaq:AFCG) is a leading commercial mortgage REIT that provides institutional loans to state-law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures, underwrites and manages loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows. It is based in West Palm Beach, Florida. For additional information regarding the company, please visit https://advancedflowercapital.com/.

    About Story Companies

    Story Companies is an emerging American Multi State Operator (MSO) in the fast-growing cannabis industry. Its core strategy is to develop and acquire vertically integrated cannabis assets in states which it believes have high profit margins, steep growth curves and which have recently, or are expected to soon, permit adult-use sales of cannabis. Story solves inherent risks in cannabis investing by bringing successful business and operational management expertise, access to capital, and proven integrity to the cannabis opportunity set. Story seeks to build its portfolio quickly and efficiently across multiple states and roll up the assets into a unified, branded company that will successfully compete with the largest MSOs.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the company’s current views and projections with respect to, among other things, market expansion and borrower activity and growth initiatives. All statements, other than historical facts, are forward-looking statements. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, risks and uncertainties discussed under the caption “Risk Factors” and elsewhere in AFC’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings, could cause actual results and performance to differ materially from those projected in these forward-looking statements.

    Investor Relations Contact

    Advanced Flower Capital
    Robyn Tannenbaum
    561-510-2293
    ir@advancedflowercapital.com

    Media Contact

    Profile Advisors
    Rich Myers & Rachel Goun
    347-774-1125
    srt@profileadvisors.com    

    The MIL Network

  • MIL-OSI: Safepoint Holdings Migrates to Duck Creek OnDemand to Drive Operational Efficiency and Growth

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 18, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced that Safepoint Holdings (“Safepoint”) is live on Duck Creek OnDemand. Safepoint Holdings operates three platforms, Safepoint Insurance Company, Cajun Underwriters Reciprocal Exchange and Manatee Insurance Exchange, with collectively over 200,000 policyholders in Florida, Louisiana, Texas and the Gulf. This transition marks a significant milestone for Safepoint as it enhances its capabilities to serve the coastal regions of the United States with superior property and casualty insurance offerings. 

    “Transitioning to Duck Creek OnDemand is a strategic move that positions us for continued growth and innovation,” said Gus Fernandez, Chief Underwriting Officer at Safepoint Holdings. “With this implementation, we are confident in our ability to offer our policyholders enhanced service and peace of mind, while also driving operational efficiencies that allow us to adapt quickly to market changes.”

    With this migration, Safepoint can now access Duck Creek Policy and Billing to streamline operations, automate processes, and deliver superior customer service. This modernized approach supports Safepoint’s expansion goals and their commitment to providing independent insurance agents with robust tools to serve customers effectively.

    “Safepoint continues to offer comprehensive insurance solutions to coastal communities within the U.S. and Duck Creek is committed to helping them improve their operational efficiency and customer satisfaction,” said Chris McCloskey, Chief Operating Officer at Duck Creek Technologies. “By leveraging our cloud-based platform, Safepoint ensures they remain agile and responsive to the evolving needs of their policyholders.”

    Duck Creek’s premier delivery partner, Aggne, led the implementation project to ensure Safepoint quickly and successfully migrated to Duck Creek OnDemand, a cloud-based solution that eliminates the need for on-premises maintenance and allows for seamless scalability.

    “Safepoint’s successful cloud migration to Duck Creek OnDemand underscores Aggne’s expertise in digital transformations and intellectual property investments to solve our clients’ most complex challenges,” said Asha Kalidindi, CEO of Aggne Global, Inc. “Our award-winning Duck Creek capabilities enabled Safepoint to successfully migrate multiple Duck Creek versions, while launching two new writing companies and expanding into multiple states. Aggne migrated over 400,000 historical policy records in a record-setting eight months, utilizing SwiftUpgrade. Safepoint is now able to reduce operational costs, scale with resiliency, and accelerate the launch of new products to meet the needs of their growing customer base.”

    About Duck Creek Technologies  
    Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

    About Safepoint Holdings
    Founded in 2013, Safepoint Holdings, Inc., is a seasoned property and casualty insurance holding company headquartered in Tampa, Florida, with a successful 11-year track record.  The business strategy is to combine sophisticated actuarial analytics and risk management expertise to provide better value to individuals and businesses in underserved U.S. coastal and other catastrophe-prone property markets.  Safepoint Holdings is responsible for the management and operations of three insurance carriers – Safepoint Insurance Company, Cajun Underwriters Reciprocal Exchange, and Manatee Insurance Exchange – with a combined policyholder surplus of $150 million.

    About Aggne Global, Inc 
    ‍‍Aggne, a Wipro company, Duck Creek’s Systems Integrator Partner of the Year for 2024 is a global solutions provider for insurance carriers and insurtechs to enable market and distribution channel expansion and rapid product development.  As an industry leader in digital systems integration and cloud transformation, Aggne is uniquely positioned to deliver cost effective solutions in support of client’s strategic goals.  For more information, please visit www.aggne.com.

    Media Contacts:
    Marianne Dempsey/Tara Stred
    duckcreek@threeringsinc.com

    The MIL Network

  • MIL-OSI: ManTech Names John Lossing Vice President of Industry Compliance

    Source: GlobeNewswire (MIL-OSI)

    HERNDON, Va., Feb. 18, 2025 (GLOBE NEWSWIRE) — ManTech, a leading provider of AI and mission-focused technology solutions, has named John Lossing as Vice President of Industry Compliance, serving as lead liaison with the Defense Contract Audit Agency (DCAA) and Defense Contract Management Agency (DCMA).

    “For more than 25 years, John Lossing has demonstrated his outstanding performance in compliance management, government contract accounting, business ethics and regulatory compliance,” said Jay Romyn, ManTech Chief Accounting Officer. “His proven experience with DCAA and DCMA, the Federal Acquisition Regulation (FAR) and Department of Defense FAR Supplement (DFARs) and Business Systems compliance make him ideal for this position with ManTech.”

    Prior to joining ManTech, Lossing served as Vice President – Compliance at Health Net Federal Services, where he managed regulatory compliance and business ethics program activities. He also led regulatory compliance at Northrop Grumman and Mission Essential, and government accounting at General Dynamics.

    Lossing earned his BS degree in Business Administration – Management Information Systems from the University of New Haven, West Haven, CT.

    About ManTech  
    ManTech provides mission-focused technology solutions and services for U.S. Defense, Intelligence and Federal Civilian agencies. In business for more than 56 years, we are a leading provider of AI solutions that power full-spectrum cyber, data collection & analytics, enterprise IT, high-end engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at www.mantech.com.

    Media Contact: 
    Jim Crawford 
    ManTech 
    Executive Director, External Communications 
    (M) 703-498-7315 
    James.Crawford2@ManTech.com  

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aeb17f39-a034-4d2c-99b7-e4fe6c7140b7

    The MIL Network

  • MIL-OSI: Advance Solutions Partners with ServiceNow.org to Empower Nonprofits Through the 2025 Partnership for Good Grant

    Source: GlobeNewswire (MIL-OSI)

    ALPHARETTA, Ga., Feb. 18, 2025 (GLOBE NEWSWIRE) — Advance Solutions is proud to collaborate with ServiceNow.org as part of the 2025 Partnership for Good Grant initiative. Now in its second cohort, this transformative program will provide four nonprofit organizations with technology donations, expert-led implementation, consulting services, and monetary grants, totaling up to $2 million in investment from ServiceNow and its partners.

    The Partnership for Good Grant is designed to help nonprofits streamline operations, maximize resources, and expand their reach. Grant recipients will receive a free ServiceNow instance, software, licenses, and services valued at up to $250,000 over three years, along with 1,200 expert resource hours for implementation and a $100,000 direct monetary grant to support their mission.

    Advance Solutions’ Shared Vision with ServiceNow for Nonprofits

    Many nonprofits struggle with disconnected systems, high operational costs, and integration challenges, which hinder efficiency and impact. Advance Solutions is committed to providing the technology and expertise they need to overcome these barriers, allowing them to focus on their core mission.

    “The ServiceNow.org Partnership for Good Grant’s goal is to equip nonprofits with our world-leading technology to drive real and lasting change. By joining forces with Advance Solutions, we can reach more nonprofits with our technology and impact the global nonprofit sector in new and meaningful ways,” shared Vanessa Smith, President of ServiceNow.org. “Together, we’re helping mission-driven organizations scale their efforts and create a future where nonprofits can completely focus on the work that matters most.”

    As part of this initiative, Advance Solutions is honored to lead the Disaster and Community Support Grant, dedicated to supporting underserved communities and strengthening disaster response efforts.

    “Nonprofits are the backbone of our communities, and at Advance Solutions, we are committed to easing their operational burdens so they can focus on what truly matters—helping those in need,” said Gaurav Kochhar, Chief Executive Officer of Advance Solutions. “Through the ServiceNow.org Partnership for Good Grant, we are honored to support organizations making a real difference, ensuring they have the tools to respond swiftly and effectively in times of crisis.”

    By combining technology with nonprofit expertise, Advance Solutions and ServiceNow.org are enabling nonprofits to scale their impact and create lasting change. This partnership is not just about technology—it’s about empowering organizations to make a tangible difference where it matters most.

    For more information, please visit www.advancesolutions.com.

    About Advance Solutions

    Advance Solutions (ADVANCE) is a pure-play ServiceNow Elite Partner, recognized by Gartner and ISG Provider Lens for its expertise in ServiceNow consulting, implementation, and managed services. With over 1,000 successful implementations and a client base that includes more than 25% of Fortune 100 companies, ADVANCE is a trusted partner in IT, Employee, and Customer Workflow.

    With more than 16 years of experience in the ServiceNow landscape and a team of 400+ certified experts operating across AMER, APAC, APJ, and EMEA, ADVANCE specializes in IT, Employee, and Customer Workflows, helping businesses optimize operations, enhance employee experiences, and improve service delivery.

    As a certified Generative AI partner of ServiceNow, ADVANCE is at the forefront of AI-driven automation, IT operations optimization, and digital workflow transformation across industries such as Nonprofit, Healthcare, Financial Services, Telecom, Retail, Education, Manufacturing, and the Public Sector.

    As a dedicated ServiceNow partner, Advance Solutions has built custom workflow applications tailored to nonprofit needs, addressing real-world challenges with solutions that enhance efficiency, security, and service delivery while driving digital transformation. Our team works closely with organizations to ensure they leverage technology for greater impact.

    About ServiceNow

    ServiceNow (NYSE: NOW) makes the world work better for everyone. Our cloud based platform and solutions help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. So employees and customers can be more connected, more innovative, and more agile. And we can all create the future we imagine. The world works with ServiceNowTM.

    For more information, visit: ServiceNow

    ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.

    Media Contact:

    Subha Batra | subha.b@advanccesolutions.com
    Sr. Marketing Manager
    Advance Solutions Corp. (ADVANCE)

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2dd39516-4d4c-4c26-9048-00df5ed41bfb

    The MIL Network

  • MIL-OSI: Allegro MicroSystems to Present at Morgan Stanley’s Technology, Media & Telecom Conference on March 4, 2025

    Source: GlobeNewswire (MIL-OSI)

    MANCHESTER, N.H., Feb. 18, 2025 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced that the company will present at Morgan Stanley’s Technology, Media & Telecom Conference on Tuesday, March 4, 2025 at The Palace Hotel in San Francisco, CA. Derek D’Antilio, EVP and Chief Financial Officer, is scheduled to participate in a fireside chat at 7:45 AM PT.

    A live and archived webcast of the fireside chat will be available on the Investor Relations page of the company’s website at www.allegromicro.com.

    About Allegro MicroSystems
    Allegro MicroSystems, Inc. is leveraging more than three decades of expertise in magnetic sensing and power ICs, to propel automotive, clean energy and industrial automation forward with solutions that enhance efficiency, performance and sustainability. Allegro’s commitment to quality drives transformation across industries, reinforcing our status as a pioneer in “automotive grade” technology and a partner in our customers’ success. 

    Contact: Jalene Hoover
    VP of IR & Corporate Communications
    Phone: +1 512 751 6526
    jhoover@allegromicro.com

    The MIL Network

  • MIL-OSI: Franklin Electric Reports Fourth Quarter 2024 and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Fourth Quarter 2024 Highlights

    • Consolidated net sales of $485.7 million, an increase of 3% to the prior year
    • Energy Systems and Distribution net sales increased 5% and 6%, respectively, while Water Systems net sales were flat
    • Operating income was $43.0 million with operating margin of 8.9%
    • GAAP fully diluted earnings per share (EPS) was $0.72

    Full Year 2024 Highlights

    • Consolidated net sales of $2.0 billion, a decrease of 2% to the prior year
    • Distribution net sales increased 2%, while Water Systems and Energy Systems net sales decreased 2% and 8%, respectively
    • Operating income was $243.6 million with operating margin of 12.1%
    • GAAP fully diluted earnings per share (EPS) was $3.86
    • Cash flows from operating activities were $261.4 million

    FORT WAYNE, Ind., Feb. 18, 2025 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. today announced its fourth quarter and full year financial results for fiscal year 2024.

    Fourth quarter 2024 net sales were $485.7 million, compared to fourth quarter 2023 net sales of $473.0 million. Fourth quarter 2024 operating income was $43.0 million, compared to fourth quarter 2023 operating income of $50.8 million. Fourth quarter 2024 EPS was $0.72, versus EPS in the fourth quarter 2023 of $0.82.

    Full year 2024 net sales were $2.0 billion, compared to full year 2023 net sales of $2.1 billion. Full year 2024 operating income was $243.6 million, compared to full year 2023 operating income of $262.4 million. Full year 2024 EPS was $3.86, versus EPS in the full year 2023 of $4.11.

    “The fourth quarter marked a solid finish to a challenging year. Our results were driven by strong performance in our newly renamed Energy Systems segment. While we have worked through the elevated post-COVID backlogs at this time, underlying demand remains healthy, and we continue to execute on productivity initiatives as we align our businesses with the more normalized environment,” commented Joe Ruzynski, Franklin Electric’s CEO.

    “Our resiliency is supported by the breadth of our global portfolio, which has proven to be a strategic asset as we closed out a year shaped by macroeconomic pressures. Order trends have improved, and with the support of a very healthy balance sheet, we are well-positioned to capitalize on opportunities in the year ahead. In 2025, our focus turns to driving revenue growth and margin expansion as we accelerate innovation and growth,” concluded Mr. Ruzynski.

    Segment Summaries

    Water Systems net sales were $279.6 million in the fourth quarter, flat compared to the fourth quarter 2023. Results were driven by higher sales of groundwater products, water treatment products and all other surface products. These sales increases were offset by lower sales of large dewatering pumps, which had a record fourth quarter last year. Water Systems operating income in the fourth quarter 2024 was $35.6 million. Fourth quarter 2023 Water Systems operating income was $44.1 million.

    Distribution net sales were $157.2 million, an increase of $9.2 million or 6 percent compared to the fourth quarter 2023. Sales increases were driven by higher volumes and the incremental impact from a recent acquisition. The Distribution segment operating income in the fourth quarter 2024 was $0.5 million. Fourth quarter 2023 Distribution operating income was $1.0 million.

    Energy Systems net sales were $68.8 million in the fourth quarter 2024, an increase of $3.1 million or 5 percent compared to the fourth quarter 2023. Sales increases were driven by higher volumes and price realization. Energy Systems operating income in the fourth quarter 2024 was a record for any fourth quarter at $24.7 million. Fourth quarter 2023 Energy Systems operating income was $19.4 million. The Company has changed the name of the Fueling Systems segment to Energy Systems to reflect its diverse portfolio and growth strategy, as well as to better reflect the markets and customers served by the segment.

    Cash Flow

    The Company ended 2024 with a cash balance of $220.5 million, an increase of $135.5 million compared to the end of 2023. Net cash flows from operating activities for 2024 were $261.4 million versus $315.7 million in the same period in 2023. Cash flow in 2023 benefitted from actions the Company took to improve working capital including inventory reductions as its supply chain resiliency and lead times improved during the year.

    2024 Guidance

    The Company expects its full year 2025 sales including the impact of its recently announced acquisitions to be in the range of $2.09 billion to $2.15 billion and full year 2025 EPS to be in the range of $4.05 to $4.25.

    Earnings Conference Call

    A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The fourth quarter 2024 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to:

    https://edge.media-server.com/mmc/p/9jnstij5

    For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below.

    https://register.vevent.com/register/BI4b232e4ceea6435ba8f046e92e18e563

    All registrants will receive dial-in information and a PIN allowing them to access the live call. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call).

    A replay of the conference call will be available from Tuesday, February 18, 2025, through 9:00 am ET on Tuesday, February 25, 2025, by visiting the listen-only webcast link above.

    Forward Looking Statements

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases,  raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2023, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.

    About Franklin Electric

    Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek’s lists of America’s Most Responsible Companies and Most Trustworthy Companies for 2024 and America’s Climate Leaders 2024 by USA Today.

    Franklin Electric Contact:

    Jeffery L. Taylor
    Franklin Electric Co., Inc.
    InvestorRelations@fele.com

     
    FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited)
                   
    (In thousands, except per share amounts)              
                   
      Fourth Quarter Ended   Fiscal Year End
      December 31,   December 31,   December 31,   December 31,
      2024   2023   2024   2023
                   
    Net sales $ 485,745     $ 472,970     $ 2,021,341     $ 2,065,133  
                   
    Cost of sales   321,505       312,961       1,304,061       1,368,125  
                   
    Gross profit   164,240       160,009       717,280       697,008  
                   
    Selling, general, and administrative expenses   117,846       108,825       470,136       433,476  
                   
    Restructuring expense   3,360       356       3,499       1,091  
                   
    Operating income   43,034       50,828       243,645       262,441  
                   
    Interest expense   (1,339 )     (1,481 )     (6,319 )     (11,790 )
    Other income, net   630       1,831       1,339       3,696  
    Foreign exchange expense, net   (1,590 )     (4,026 )     (6,818 )     (12,124 )
                   
    Income before income taxes   40,735       47,152       231,847       242,223  
                   
    Income tax expense   6,443       8,322       50,238       47,489  
                   
    Net income $ 34,292     $ 38,830     $ 181,609     $ 194,734  
                   
    Less: Net income attributable to noncontrolling interests   (637 )     (281 )     (1,300 )     (1,462 )
                   
    Net income attributable to Franklin Electric Co., Inc. $ 33,655     $ 38,549     $ 180,309     $ 193,272  
                   
    Income per share:              
    Basic $ 0.73     $ 0.83     $ 3.92     $ 4.17  
    Diluted $ 0.72     $ 0.82     $ 3.86     $ 4.11  
                   
    FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (Unaudited)
           
    (In thousands)      
           
      December 31,   December 31,
      2024   2023
    ASSETS      
           
    Cash and cash equivalents $ 220,540     $ 84,963  
    Receivables (net)   226,826       222,418  
    Inventories   483,875       508,696  
    Other current assets   32,950       37,718  
    Total current assets   964,191       853,795  
           
    Property, plant, and equipment, net   223,566       229,739  
    Lease right-of-use Assets, net   62,637       57,014  
    Goodwill and other assets   570,212       587,574  
    Total assets $ 1,820,606     $ 1,728,122  
           
           
    LIABILITIES AND EQUITY      
           
    Accounts payable $ 157,046     $ 152,419  
    Accrued expenses and other current liabilities   139,989       104,949  
    Current lease liability   18,878       17,316  
    Current maturities of long-term debt and short-term borrowings   117,814       12,355  
    Total current liabilities   433,727       287,039  
           
    Long-term debt   11,622       88,056  
    Long-term lease liability   43,304       38,549  
    Income taxes payable non-current         4,837  
    Deferred income taxes   10,193       29,461  
    Employee benefit plans   29,808       35,973  
    Other long-term liabilities   22,118       33,914  
     
    Redeemable noncontrolling interest   1,224       1,145  
           
    Total equity   1,268,610       1,209,148  
    Total liabilities and equity $ 1,820,606     $ 1,728,122  
           
    FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (In thousands)      
           
      2024   2023
    Cash flows from operating activities:      
    Net income $ 181,609     $ 194,734  
    Adjustments to reconcile net income to net cash flows from operating activities:      
    Depreciation and amortization   56,073       52,260  
    Non-cash lease expense   21,438       18,852  
    Share-based compensation   12,061       10,133  
    Other   (13,327 )     10,259  
    Changes in assets and liabilities:      
    Receivables   (17,045 )     19,150  
    Inventory   10,889       48,176  
    Accounts payable and accrued expenses   15,285       (23,085 )
    Operating leases   (21,129 )     (18,874 )
    Income taxes-U.S. Tax Cuts and Jobs Act   (3,870 )     (2,902 )
    Other   19,369       7,007  
           
    Net cash flows from operating activities   261,353       315,710  
           
    Cash flows from investing activities:      
    Additions to property, plant, and equipment   (41,682 )     (41,415 )
    Proceeds from sale of property, plant, and equipment   1,182       1,494  
    Acquisitions and investments   (5,201 )     (34,831 )
    Other investing activities   73       463  
           
    Net cash flows from investing activities   (45,628 )     (74,289 )
           
    Cash flows from financing activities:      
    Net change in debt   29,235       (115,529 )
    Proceeds from issuance of common stock   7,204       9,193  
    Purchases of common stock   (61,041 )     (43,332 )
    Dividends paid   (46,876 )     (41,723 )
    Deferred payments for acquisitions   (2,591 )     (802 )
           
    Net cash flows from financing activities   (74,069 )     (192,193 )
           
    Effect of exchange rate changes on cash   (6,079 )     (10,055 )
    Net change in cash and cash equivalents   135,577       39,173  
    Cash and cash equivalents at beginning of period   84,963       45,790  
    Cash and cash equivalents at end of period $ 220,540     $ 84,963  
           

    Key Performance Indicators: Net Sales Summary

      Net Sales For the Fourth Quarter
      United
    States
    Latin Europe,
    Middle
    Asia Total        
    (in millions) & Canada America East & Africa Pacific Water Energy** Distribution Other/Elims Consolidated
                       
    Q4 2023 $161.2   $46.6   $45.5   $26.3   $279.6   $65.7   $148.0   ($20.3 ) $473.0  
    Q4 2024 $158.5   $44.3   $49.7   $27.1   $279.6   $68.8   $157.2   ($19.9 ) $485.7  
    Change ($2.7 ) ($2.3 ) $4.2   $0.8   $0.0   $3.1   $9.2   $0.4   $12.7  
    % Change   -2 %   -5 %   9 %   3 %   0 %   5 %   6 %     3 %
                       
    Foreign currency translation, net* ($0.4 ) ($5.5 ) ($0.8 ) ($0.8 ) ($7.5 ) $0.0   $0.0     ($7.5 )
    % Change   0 %   -12 %   -2 %   -3 %   -3 %   0 %   0 %     2 %
                       
    Acquisitions $3.1   $0.0   $0.0   $0.0   $3.1   $0.0   $4.0     $7.1  
    % Change   2 %   0 %   0 %   0 %   1 %   0 %   3 %     2 %
                       
    Volume/Price ($5.4 ) $3.2   $5.0   $1.6   $4.4   $3.1   $5.2   $0.4   $13.1  
    % Change   -3 %   7 %   11 %   6 %   2 %   5 %   4 %   -2 %   3 %
                       
      Net Sales For the Full Year
      United
    States
    Latin Europe,
    Middle
    Asia Total        
    (in millions) & Canada America East & Africa Pacific Water Energy** Distribution Other/Elims Consolidated
                       
    FY 2023 $744.4   $174.2   $198.3   $86.8   $1,203.7   $296.5   $673.3   ($108.4 ) $2,065.1  
    FY 2024 $708.5   $170.9   $211.4   $93.2   $1,184.0   $273.7   $685.5   ($121.9 ) $2,021.3  
    Change ($35.9 ) ($3.3 ) $13.1   $6.4   ($19.7 ) ($22.8 ) $12.2   ($13.5 ) ($43.8 )
    % Change   -5 %   -2 %   7 %   7 %   -2 %   -8 %   2 %     -2 %
                       
    Foreign currency translation, net* ($0.9 ) ($9.7 ) ($6.3 ) ($2.4 ) ($19.3 ) $0.0   $0.0     ($19.3 )
    % Change   0 %   -6 %   -3 %   -3 %   -2 %   0 %   0 %     -1 %
                       
    Acquisitions $17.6   $0.0   $0.0   $0.0   $17.6   $0.0   $17.1     $34.7  
    % Change   2 %   0 %   0 %   0 %   1 %   0 %   3 %     2 %
                       
    Volume/Price ($52.6 ) $6.4   $19.4   $8.8   ($18.0 ) ($22.8 ) ($4.9 ) ($13.5 ) ($59.2 )
    % Change   -7 %   4 %   10 %   10 %   -1 %   -8 %   -1 %   12 %   -3 %
                       

    *The Company has presented local currency price increases used to offset currency devaluation in the Argentina and Turkey hyperinflationary economies within the foreign currency translation, net row above.
    ** Recognizing the Company’s diverse portfolio and growth strategy, it renamed its Fueling Systems segment to Energy Systems to better reflect the markets and customers served by this business.

    Key Performance Indicators: Operating Income and Margin Summary

    Operating Income and Margins          
    (in millions) For the Fourth Quarter 2024
      Water Energy Distribution Other/Elims Consolidated
    Operating Income / (Loss) $ 35.6   $ 24.7   $ 0.5   $ (17.8 ) $ 43.0  
    % Operating Income To Net Sales   12.7 %   35.9 %   0.3 %     8.9 %
               
    Operating Income and Margins          
    (in millions) For the Fourth Quarter 2023
      Water Energy Distribution Other/Elims Consolidated
    Operating Income / (Loss) $ 44.1   $ 19.4   $ 1.0   $ (13.7 ) $ 50.8  
    % Operating Income To Net Sales   15.8 %   29.5 %   0.7 %     10.7 %
               
    Operating Income and Margins          
    (in millions) For the Full Year of 2024
      Water Energy Distribution Other/Elims Consolidated
    Operating Income / (Loss) $ 197.9   $ 93.6   $ 24.3   $ (72.2 ) $ 243.6  
    % Operating Income To Net Sales   16.7 %   34.2 %   3.5 %     12.1 %
               
    Operating Income and Margins          
    (in millions) For the Full Year of 2023
      Water Energy Distribution Other/Elims Consolidated
    Operating Income / (Loss) $ 196.6   $ 92.7   $ 34.3   $ (61.2 ) $ 262.4  
    % Operating Income To Net Sales   16.3 %   31.3 %   5.1 %     12.7 %
               

    The MIL Network

  • MIL-OSI: Regula Software Now Supports the Latest Standard for Biometric Passport Verification

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., Feb. 18, 2025 (GLOBE NEWSWIRE) — With its latest update, Regula Document Reader SDK, a comprehensive software solution for identity document verification, ensures 100% support for the new ISO/IEC 39794-5 standard regulating the methods of facial data storage and verification in e-passport chips. According to the ICAO guidelines, all document readers and verification systems must be compatible with the new standard by 2026, with passport issuers required to fully adopt the new format by 2030.

    The ISO/IEC 39794-5 standard introduces an enhanced framework for facial image data, significantly improving interoperability, processing speed, and recognition accuracy across different identity verification (IDV) systems worldwide. Unlike the previous ISO/IEC 19794-5:2005 standard, which primarily stored a basic facial image, the new format records additional metadata, including detailed facial landmarks, precise eye and hair color, and other biometric attributes.

    Regula Document Reader SDK correctly extracts and verifies facial data encoded in the e-passport chip under the new ISO/IEC 39794-5 standard

    Why this matters

    The richer set of pre-stored reference points eliminates the need for separate face detection and feature extraction during verification. Instead of calculating key facial points from scratch, IDV systems can use the pre-recorded metadata, accelerating processing times and ensuring consistent, high-quality recognition results—regardless of the local algorithm used for comparison. This standardization guarantees that a person’s face in their passport will be consistently and accurately verified across different countries, improving global interoperability.

    Apart from that, the ISO/IEC 39794-5 standard implements a flexible framework for future extensions. This means that as new attributes or enhancements are introduced in the future, all systems supporting this standard will remain fully functional without requiring urgent updates—unlike the current situation, where all IDV systems would need to be updated to accommodate new data formats.

    Preparing for the transition

    Although the current ISO/IEC 19794-5:2005 will remain valid, the industry has started the transition period, and businesses worldwide should be ready to process the new format data before 2026.

    Regula’s long-standing expertise in secure RFID chip reading and trustworthy data verification ensured smooth adaptation to the new standard even prior to its coming into force. The company’s participation in the recent testing event in Australia demonstrated its ability to correctly extract, interpret, and verify biometric facial data encoded according to ISO/IEC 39794-5. This means that identity verification systems using Regula’s software are future-proofed against compatibility issues that could arise as countries transition to the new format.

    In addition, the new standard will require organizations from banks to border control to update their passport readers with software that fits this standard. Regula’s IDV software is compatible with most document readers on the market and can be easily used with any device model. This implies a seamless transition to the new standard without replacing existing hardware, ensuring a cost-effective and hassle-free upgrade.

    “The shift to ISO/IEC 39794-5 is a major step forward in improving compatibility and efficiency in biometric verification. With more detailed metadata now embedded in e-passports, identity verification systems can achieve faster processing and more accurate recognition results. Our expertise in RFID chip processing ensures that Regula’s technology is already fully equipped to support this transition, providing organizations with seamless, future-proof solutions that help them stay in line with regulatory changes,” says Ihar Kliashchou, Chief Technology Officer at Regula.

    To get additional information about the latest update to Regula Document Reader SDK, read the technical documentation. If you are interested in learning more about how Regula processes RFID chip data, visit the official website.

    About Regula

    Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification.

    Learn more at www.regulaforensics.com.

    Contact:
    Kristina – ks@regulaforensics.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c509aaf2-d68d-4366-a3a5-25560e7c4c54

    The MIL Network

  • MIL-OSI: In Wake of Sharp Uptick in Judicial Threats, Ironwall by Incogni Offers Complimentary Protective Services to Judges

    Source: GlobeNewswire (MIL-OSI)

    ORANGE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) — Following recent threats against Judge Paul Engelmayer, whose personal information was posted online after his ruling against the Trump administration on federal database access, Ironwall by Incogni is calling for urgent action to protect federal judges from exposure to personal threats. To support this effort, the company is offering its Ironwall data protection service to current federal judges free of charge for three months when signing up by March 10, 2025.

    “Despite the heightened risks faced by members of the judiciary, the vast majority of federal judges remain unprotected from the increasing weaponization of personal data,” said Ron Zayas, CEO of Ironwall. “The rapid spread of home addresses, contact details, and personal threats online is a serious security risk. Yet, unlike other public officials, most judges have little to no protection from this kind of exposure. This is unacceptable.”

    The Bolch Judicial Institute at Duke University has raised the alarm, highlighting how judges are now under attack more frequently and with greater intensity than ever before. The current crisis stems from the ease with which personal information can be found and weaponized against them. As Judge Engelmayer’s case demonstrates, a single decision can trigger a deluge of threats, with bad actors leveraging social media and data broker sites to expose judges and their families to potential harm.

    Proactive Privacy Protection

    Ironwall provides a comprehensive privacy protection solution specifically designed for at-risk professionals, including judges, court officials, and law enforcement. The service actively removes judges’ personal data from public databases, reducing their online footprint and minimizing the risk of targeted harassment. Unlike traditional privacy protection services, Ironwall employs continuous, real-time monitoring to ensure that removed information does not resurface.

    The Ironwall service features:

    • Daily Data Scans: Continuous monitoring and removal of personal information from data brokers and search engines.
    • Identity Protection Tools: VPN access, email aliasing, and VoIP number masking to shield personal data.
    • Legal Compliance Support: Ensuring that any exposed data is removed in accordance with state and federal privacy laws.

    Federal judges are encouraged to request access to the Ironwall service here.

    Urgent Need for Legislation & Institutional Support

    While Ironwall provides immediate and effective protection, the broader issue remains: most federal judges lack institutional safeguards against personal data exposure. Current federal protections are limited, leaving judges to navigate privacy threats on their own. Ironwall is urging policymakers, judicial organizations, and law enforcement to push for stronger protections and data privacy legislation to prevent further harm.

    “No judge should have to weigh their personal safety against their duty to uphold the law,” added Zayas. “It is imperative that we act now to ensure their security, both online and offline.”

    Ironwall is committed to standing with the judiciary and those who uphold the rule of law. To learn more about how to help protect judicial officers, visit ironwall.com.

    For further insights into the risks judges face and how we can mitigate them, download our latest white paper: “The Weaponization of Privacy: Why It Will Get Worse, and How You Can Stop It

    About Ironwall by Incogni

    Ironwall by Incogni strongly supports the idea of a safe and private internet. As a legally contracted agent, Ironwall works with superior courts, social work departments, and law enforcement agencies to search and remove personal information from websites in violation of state and federal privacy restrictions. Ironwall is a member of the Surfshark and NordSec family of companies. For more information, visit https://ironwall.com/.

    Editorial Contact:

    David Hofstede
    Ironwall by Incogni
    844-476-6360 x600
    david.hofstede@ironwall.com

    The MIL Network

  • MIL-OSI Economics: Marc Pinto Named Global Head of Private Credit for Moody’s Ratings

    Source: Moody’s

    Headline: Marc Pinto Named Global Head of Private Credit for Moody’s Ratings

    Moody’s Corporation (NYSE:MCO) today announced that Marc Pinto has been named Global Head of Private Credit for Moody’s Ratings. Mr. Pinto will lead research and rating initiatives on private credit across the ratings agency and continue to co-head the Insurance team globally.

    (Photo: Business Wire)

    “By leveraging his extensive industry and leadership experience, Marc will play a critical role in further expanding our robust analytical capabilities, enhancing our market experience and driving our private credit strategy forward,” said Michael West, President of Moody’s Ratings. “Marc’s in-depth knowledge of the insurance industry will be key to our thought leadership as the ties between asset managers and insurance deepen.”

    As part of his new role, Mr. Pinto will promote engagement across Moody’s financial institutions, corporate finance, and structured finance rating groups while enhancing expertise in growth areas of the private credit industry including fund finance, private asset-backed securities (ABS), and privately placed investment-grade corporate assets, among others.

    Mr. Pinto has held a series of analytical leadership roles of increasing scope and responsibility at Moody’s, including Global Head of Funds & Asset Management and Chief Credit Policy Officer for North American banks.

    Mr. Pinto is a Chartered Financial Analyst and an alumnus of Columbia Business School and Trinity College (Connecticut).

    About Moody’s Corporation

    In a world shaped by increasingly interconnected risks, Moody’s (NYSE: MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive. Learn more at moodys.com.

    Source: Moody’s Corporation Investor Relations

    MIL OSI Economics

  • MIL-OSI: Maestro Raises $3M in Seed Funding to Propel the Bitcoin DeFi Revolution

    Source: GlobeNewswire (MIL-OSI)

    Enterprise-grade blockchain infrastructure transforms Bitcoin from a store of value into a decentralized financial ecosystem

    AUSTIN, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) — Maestro, the first enterprise-grade infrastructure provider designed from the ground up for Bitcoin DeFi, today announced the successful close of its $3 million seed funding round. Co-led by Wave Digital Assets and Draper Associates—with participation from UTXO Management, Bitcoin Frontier Fund, Draper Dragon, and Necto Labs—the capital injection will accelerate Maestro’s mission to enable businesses, financial institutions, and even nation-states to seamlessly interface with the emerging Bitcoin financial system.

    “I believe the Bitcoin economy will be a catalyst for global economic empowerment, transforming how people interact with money on every level. Maestro provides the critical infrastructure needed for this digital financial revolution. I’m thrilled to lead this seed round and support a future where Bitcoin empowers communities worldwide.” — Tim Draper, Founder of Draper Associates

    Maestro stands at the forefront of Bitcoin Defi, pioneering UTXO-based infrastructure services that simplify the complex process of building Bitcoin-native financial applications. Maestro offers high-performance APIs, powerful developer tooling, and innovative solutions such as mempool metaprotocol indexing that enables real-time onchain insights. Maestro is laying the foundation for a decentralized financial ecosystem reminiscent of the transformative impact cloud providers like AWS had on the Web2 technology sector.

    “With this seed round, we’re not just raising capital—we’re igniting a movement to unlock Bitcoin’s full potential as a financial system,” said Marvin Bertin, CEO at Maestro. “Our vision is to redefine how tech companies and enterprises interact with Bitcoin, moving it beyond a digital store of value to a dynamic, programmable platform for decentralized finance. We are running the infrastructure that will power the blockchain economy of tomorrow. ”

    How Maestro is fueling a financial transformation by empowering the Bitcoin ecosystem:

    • An All-In-One Blockchain Infrastructure Platform: Last year Maestro released a state-of-the-art UTXO indexing platform taylor-made for the needs of Defi on Bitcoin. This year, Maestro is onboarding top protocols across all Defi segments: crypto wallets, decentralized exchanges, and lending protocols that will onboard millions to Bitcoin.
    • Bridging Traditional and Decentralized Finance: Maestro’s technology overcomes longstanding barriers, such as poor developer tooling, delivering a user experience that empowers both innovative startups and enterprises to build scalable financial products directly on Bitcoin’s base layer.
    • Ecosystem Partnerships: The company is forging strategic alliances across the Bitcoin landscape. For example, a collaboration with Arch Network to enable Bitcoin contract programmability via a parallel execution layer. Another example is Saturn leveraging Maestro to launch the first AMM DEX on Bitcoin L1, enabling a trustless high-frequency trading experience

    “Saturn and Maestro are redefining what’s possible on the base layer of Bitcoin, delivering a user experience that feels like sub-1-second transactions. It’s about bringing unparalleled efficiency and usability to Bitcoin’s foundation, setting a new standard for decentralized trading,” noted Saturn.

    Maestro’s technology is already making significant inroads into the broader Bitcoin ecosystem. By providing the blockchain infrastructure needed to catalyze what many are calling the first “DeFi Summer” on Bitcoin. The company’s innovative approach not only enhances Bitcoin’s utility but also paves the way for traditional financial institutions to leverage Bitcoin’s $2 trillion market cap to power a new generation of financial services.

    “At Wave, we like to invest in critical infrastructure that powers the future of blockchain adoption. Maestro is solving one of the biggest bottlenecks in crypto—building developer-friendly infrastructure for UTXO chains like Bitcoin and Cardano. Their platform provides scalable APIs that dramatically accelerates development for dApp builders. This is the kind of foundational innovation that moves the entire ecosystem forward. We’re excited to back Maestro as they continue to push the boundaries of blockchain infrastructure and enable the next generation of builders.” – David Siemer, CEO at Wave Digital Assets

    The $3 million raised in this seed round underscores the investment community’s support for Maestro’s vision and technological expertise. With the backing of industry-leading investors, Maestro is well-positioned to accelerate the transition of Bitcoin from a mere store of value to a vibrant, blockchain-native financial ecosystem that is secure, scalable, and accessible to all communities around the globe.

    For more information about Maestro visit www.gomaestro.org.

    About Maestro
    Maestro is the first enterprise-grade infrastructure provider tailor-made for Bitcoin DeFi. Its mission is to accelerate the world’s transition to the Bitcoin Economy by delivering a comprehensive, scalable infrastructure stack optimized for UTXO-based decentralized finance. By empowering developers with robust tools and APIs, Maestro is setting a new standard for how financial applications are built on Bitcoin—fueling the evolution of a decentralized, blockchain-native financial system.

    Press Contact:
    Marvin Bertin
    CEO
    Email: mbertin@gomaestro.org
    TG: @MarvinDefi

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bca2c1f4-5537-427c-af2d-061673b04da5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7ce65303-5cea-48d5-a9a8-6b5beacf14a7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/24e9ec4d-30f7-4978-91a9-7939d5ba34f8

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  • MIL-OSI: Inception Growth Acquisition Limited Announces Additional Contribution to Trust Account to Extend Business Combination Period

    Source: GlobeNewswire (MIL-OSI)

    New York, Feb. 18, 2025 (GLOBE NEWSWIRE) — Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on February 12, 2025, the Company deposited $11,199.60 into the Company’s trust account (the “Trust Account”)  in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from February 13, 2025 to March 13, 2025. The purpose of the extension is to provide additional time for the Company to complete a business combination.

    About Inception Growth Acquisition Limited

    Inception Growth Acquisition Limited is a blank check company incorporated under the laws of Delaware whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. 

    Forward Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    Contact

    Inception Growth Acquisition Limited
    Investor Relationship Department
    (315) 636-6638

    The MIL Network

  • MIL-OSI: Form 8.3 – [ALLIANCE PHARMA PLC – 17 02 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

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

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 12,245,764 2.2654    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 12,245,764 2.2654    

    NOTE: On 14/02/2025 there was a transfer in of 4,130 shares by a discretionary client.

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 4,075 61.515p

    (b)        Cash-settled derivative transactions

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

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

    (i)        Writing, selling, purchasing or varying

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

    (ii)        Exercise

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

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

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

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 18 FEBRUARY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

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