Category: Business

MIL-OSI: Legible & CAMB.AI Unlock New Revenue Streams with Global Multilingual Audiobook Access
Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia and DUBAI, United Arab Emirates, Feb. 13, 2025 (GLOBE NEWSWIRE) — Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T). On Wednesday, February 12, 2024 (“Legible” / “Company”), and CAMB.AI Ltd. (“CAMB.AI”), signed an agreement to enhance the digital reading experience, leveraging artificial intelligence (“AI”) on demand to instantly convert millions of eBooks into high-quality audiobooks in over 160 languages. This accessibility tool is poised to unlock global markets, delivering previously unavailable content to readers around the world.

With millions of eBooks available across all genres, this collaboration represents an extraordinary market opportunity—hundreds of millions of hours of potential audiobook content available to readers anytime, anywhere as seamless reading and listening experiences, —enabling publishers and authors to reach international audiences with new speed, efficiency, and savings. CAMB.AI’s AI-driven voice localization and instant translation technologies will be integrated into Legible’s platform, enhancing the accessibility and commercial viability of every eBook.

“This is an exciting development in accessibility for books,” said Kaleeg Hainsworth, CEO of Legible. “By partnering with CAMB.AI, we’re enabling publishers and authors to create high-quality, multilingual audiobooks faster and more affordably than ever before. With this integration, books on our platform can reach new markets in multiple languages faster than ever before and can do so across any device, expanding access and revenue potential globally.”

This AI-driven solution will be commercialized as a premium add-on to Legible’s subscription service, and also accessible via Legible’s apps, browser-based platform, and in-car infotainment systems, with revenues and savings being directly passed on to publishers and authors. This ensures a truly international accessibility offering, enhancing the reading experience for users worldwide.

User Journey & Offering:
- Instant toggling between eBook text and audiobook mode.
- AI-powered voice synthesis delivering narration in over 160 languages.
- Publishers retain full control, ensuring opt-in participation without disruption.
- Traditional audiobook production costs can be substantially reduced while maintaining professional quality including tone and intonation.
- Voice actors can license their voices for AI-generated narrations, ensuring fair compensation and ethical AI integration.
“Legible’s vision aligns perfectly with our mission to eliminate language barriers and promote global literacy,” said Akshat Prakash, CTO & Co-Founder of CAMB.AI. “Our proprietary AI models enable publishers and content creators to instantly translate their works into multiple languages, reaching wider audiences on an unprecedented scale via Legible’s platform.”

By drastically lowering audiobook production costs for multiple language audiences, while maintaining voice quality, this partnership removes long-standing barriers in the publishing industry. Authors and publishers can now reach international markets in record time, tapping into new revenue potential.

Legible and CAMB.AI are committed to ethical AI use, ensuring publishers and voice actors retain full control in this ecosystem. This guarantees creative integrity, fair compensation practices, and a sustainable model for the future of publishing.

About CAMB.AI
Established in 2022, CAMB.AI leads content localization with a five-year foundation in advanced AI research in speech and translation. Our team comprises AI experts from top level companies and institutions. We’ve pioneered the zero-shot AI Dubbing platform, delivering hyper-realistic content translation in 160+ languages. CAMB.AI empowers content creators and owners across media, sports, and education, to transcend language barriers and make content universally relatable on a global scale.

About Legible
Legible is a mobile-centric global company specializing in eBooks and audiobook entertainment. Its extensive partnerships encompass four of the Big 5 Publishers, the world’s largest eBook distributor, and a wide range of outstanding and innovative publishers of all sizes, enabling Legible to seamlessly deliver millions of multilingual eBooks and audiobooks, transforming any smart device into a source of cutting-edge infotainment.

Legible is advancing mobile-centric eBook and audiobook experiences with interactive AI-driven content in Living Books, including comics and manga. Legible’s recent release, FrankensteinAI, third in the Company’s AI Classics series, reimagines Mary Shelley’s masterpiece with animated AI art developed by digital artist Remo Camerota and immersive character-driven AI chat, offering readers a uniquely engaging journey through the classic horror tale. Legible is also the exclusive publisher of the My Model Kitchen series of video-enriched Living Cookbooks by former supermodel, talk show host, bestselling author, and celebrity chef, Cristina Ferrare, with an embedded AI Sous Chef for each recipe, which have been featured three times on the Drew Barrymore Show and in many other major US media outlets.

As a first mover in the rapidly expanding automotive infotainment market, Legible has partnered with media providers Appning by FORVIA, Harman Ignite, LiveOne, ACCESS Twine4Car, and Visteon. Legible has the only Android Automotive app with the capacity to deliver both audiobooks and eBooks to drivers and passengers into tens of millions of vehicles around the globe, positioning Legible at the forefront of the new world of in-car infotainment experiences.

The 2024 EdTech Breakthrough Award winner for eLearning Innovation of the Year, Legible is reshaping the digital publishing landscape, committed to gaining a significant market share by providing innovative 21st-century publishing solutions and enriching global reading experiences.

Becoming a member of Legible Unbound for only US$9.99 provides readers access to unbeatable value on unlimited reading and listening, plus exclusive member-only access to Legible’s unique Living Books. Please visit Legible.com and discover the place where eBooks come to life.

Contacts

Legible Inc.
Ms. Deborah Harford, EVP, Global Strategic Partnerships
Tel.: +1-604-283-2028
Email: invest@legible.com
Website: https://invest.legible.com

Krupp Kommunications, Inc.
Ms. Kathy Giaconia, VP Media Relations
Tel.: +1-213-324-5665
Email: kgiaconia@kruppagency.com
Website: www.KruppAgency.com

CAMB.AI
Mr. Grigorij Richters, PR
Email: grig@xwecan.com
Website: www.camb.ai

Ms. Katie Case
Email: katie@srkstrategies.com
Website: https://www.camb.ai/

Cautionary Note Regarding Forward Looking Information
This Press Release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Legible’s business. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Legible’s control, including the impact of general economic conditions, industry conditions, currency fluctuations, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Legible believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. As such, readers are cautioned not to place undue reliance on the forward- looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Legible does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

The MIL Network –
February 14, 2025
MIL-OSI: Treasury Bill Auction Announcement – RIKV 25 0521 – RIKV 25 0820

Source: GlobeNewswire (MIL-OSI)

Series RIKV 25 0521 RIKV 25 0820

ISIN IS0000036986 IS0000037216

Maturity Date 05/21/2025 08/20/2025

Auction Date 02/17/2025 02/17/2025

Settlement Date 02/19/2025 02/19/2025

On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bills in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bills must be received by the Central Bank before 14:00 on the Settlement Date and the Bills will be delivered in electronic form on the same day.

Further reference is made to the General Terms of Icelandic Treasury bills and General Terms of Auction for Treasury bills on the Government Debt Management website.

For additional information please contact Oddgeir Gunnarsson, Government Debt Management, at +354 569 9635.

The MIL Network –

February 14, 2025
MIL-OSI Security: Spokane Bank Robber Sentenced to Federal Prison

Source: Federal Bureau of Investigation (FBI) State Crime News

Spokane, Washington – On February 11, 2025, United States District Judge Mary K. Dimke sentenced Dustin T. Perrin, age 41, of Spokane, Washington, to 96 months in prison for several bank robberies. Judge Dimke also imposed 3 years of supervised release and restitution of $9,224.00.

According to court documents and information presented at the sentencing hearing, on October 13, 2023, Perrin entered the First Interstate Bank brank at 57^th Avenue and Regal in Spokane. Perrin was wearing a wig under his hat. Perrin handed a bank teller a bag and a handwritten note demanding the teller put cash in a bag. Perrin also warned the teller about activating the silent alarm. The teller handed Perrin $1,986 in cash, and Perrin left the bank on a bike and headed north.

Perrin left the note at the bank. It was collected by law enforcement and sent to the Washington State Patrol Crime Laboratory. DNA analysis later confirmed Perrin’s DNA on the note.

On November 17, 2023, Perrin rode his bike to the Numerica Credit Union branch on South Regal Street in Spokane, just a half mile from the bank Perrin robbed one month earlier. Perrin entered the bank, handed two bank tellers one bag each, and demanded the tellers put money in the bags. The tellers handed Perrin a total of $5,238 in cash. Perrin then left the bank on his bike.

Perrin went to a Wal-Mart store that night. A security camera recorded him spreading out a large amount of cash while making a purchase.

On January 22, 2024, Perrin rode his bike to a Washington Trust Bank branch located at 27 E. Indiana Avenue in Spokane. Perrin entered the bank wearing a blond wig. Perrin handed the teller a small bag and told the teller to put money in the bag. Perrin also warned the teller he had a gun and “not to do anything stupid,” while he pointed at a lump in his jacket. The teller handed Perrin $2,000 in cash, and Perrin left the bank on his bike.

“For the people of Eastern Washington, their banks should be places of trust and security – not fear,” stated Acting U.S. Attorney Rich Barker. “Mr. Perrin’s repeated acts of intimidation and theft put innocent employees and community members at risk. As today’s sentence makes clear, violent crime will not be tolerated in Eastern Washington, and the U.S. Attorney’s Office will continue working alongside our federal, state, local, and Tribal law enforcement partners to hold offenders accountable and protect the safety if neighborhoods and communities in Spokane and throughout Eastern Washington.”

“Today we, together with our law enforcement partners, are holding Mr. Perrin responsible for stealing from three different federally insured financial institutions,” said W. Mike Herrington, Special Agent in Charge of the FBI Seattle field office. “We are grateful no one was hurt, but this kind of violent crime terrorizes our communities nonetheless and is completely unacceptable.”

“Today’s successful prosecution of Mr. Perrin is a testament to the strong partnership of our local, state, and federal law enforcement partners and our commitment to keep our community safe,” stated Spokane County Sheriff John Nowels.

This case was investigated by the FBI Spokane Regional Safe Streets Task Force and the Spokane County Sheriff’s Office. It was prosecuted by Assistant United States Attorney Nowles Heinrich.

2:24-cr-00075-MKD

MIL Security OSI –

February 14, 2025
MIL-OSI: Striim Relocates Headquarters to Historic Downtown Palo Alto, Marking a New Chapter of AI-Driven Innovation and Growth

Source: GlobeNewswire (MIL-OSI)

PALO ALTO, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) — Striim, Inc., a leader in real-time data integration, analytics, and real-time AI, is proud to announce the relocation of its corporate headquarters to a new state-of-the-art office at 500 Emerson Street in downtown Palo Alto, California, a landmark building formerly home to Facebook and Technology Crossover Ventures. This move reflects Striim’s continued growth and commitment to fostering a culture of innovation, collaboration, and technological excellence.

After its foundation at 575 Middlefield Road, Striim’s relocation to its new headquarters marks a pivotal step in the company’s growth and evolution. Designed to enhance internal operations, the new space features upgraded coworking areas and meeting facilities tailored for hybrid work. This move also supports the expansion of Striim’s strategic partnerships with hyperscalers and system integrators (SIs) while continuing to grow its customer base. Additionally, the new headquarters include an executive briefing center, providing an ideal setting for engaging with clients and partners, fueling the next phase of Striim’s partnership-driven growth.

“This move underscores Striim’s dedication to innovation and scaling our capabilities in real-time data processing,” said Ali Kutay, Chairman and CEO of Striim. “Our new Palo Alto headquarters provides an inspiring environment to drive advancements in real-time analytics, cloud integration, and AI-powered solutions, empowering us to deliver even greater value to our customers.”

Alok Pareek, Co-founder and Executive Vice President of Engineering and Products at Striim, added: “It’s exciting to be a stone’s throw from my alma mater Stanford. We hope to collaborate, attract, and retain top Silicon Valley talent from our new spectacular location. The modern, collaborative workspace will foster a tighter engagement between industry and academia especially in next-generation Gen AI research and development, helping us continue to build a team that is as dynamic and forward-thinking as the real-time solutions we provide.”

“As we continue to expand globally, this move reinforces our commitment to providing exceptional value to our customers,” said Nadim Antar, Chief Revenue Officer at Striim. “This new chapter enables us to deepen our collaboration with customers and partners, ensuring we remain at the forefront of delivering seamless, real-time solutions that help businesses tackle their most pressing data challenges.”

The relocation to downtown Palo Alto also reinforces Striim’s strategy to embed itself within the heart of Silicon Valley, where the convergence of AI, cloud innovation, and big data analytics continues to shape the future of technology. By being at the center of this dynamic ecosystem, Striim aims to strengthen its collaborations with industry leaders, attract world-class talent, and accelerate the development of transformative AI-driven solutions.

To learn more about the latest innovation in the recent launch of Striim 5.0:

About Striim, Inc.

Striim leads the way in real-time intelligence for AI by seamlessly integrating data across clouds, applications, and databases with its fully managed, SaaS-based platform. Tailored for modern cloud data warehouses, Striim’s platform quickly transforms both relational and unstructured data into actionable, AI-ready insights through advanced analytics and machine learning frameworks, enabling swift business decisions. With expertise in real-time data integration, streaming analytics, and database replication—including cutting-edge Oracle CDC technology—Striim processes over 100 billion daily events with sub-second latency, powering machine learning analytics and proactive decision-making. To learn more, visit www.striim.com.

Media Contact:
Dianna Spring, Vice President of Marketing at Striim
Phone: (650) 241-0680 ext. 354
Email: press@striim.com

The MIL Network –

February 14, 2025
MIL-OSI: Ai-gruppe.com Safeguards Financial Information with Encryption Protocols

Source: GlobeNewswire (MIL-OSI)

FRANKFURT, Germany, Feb. 13, 2025 (GLOBE NEWSWIRE) — Ai-gruppe.com, a financial related services platform, is committed to ensuring that financial information remains secure through encryption protocols. The company applies financial security measures that support confidentiality and data protection, ensuring that financial details are safeguarded at all times. Ai-gruppe.com review highlights the company’s approach to financial security, focusing on encryption protocols.

The company prioritizes financial safety and security measures that align with financial industry standards. It ensures that financial information is protected through encryption protocols that reinforce data safety. Ai-gruppe.com review recognizes the importance of applying security methods in financial operations, ensuring that data remains safeguarded.

The platform applies encryption measures to provide financial data protection. Through well-organized security measures, the company ensures that financial transactions and records are handled with confidentiality. Ai-gruppe.com review reflects the company’s ability to integrate security protocols that contribute to financial data safety.

By focusing on financial security, it implements structured data protection systems that align with industry requirements. The company applies encryption methodologies that minimize security risks, ensuring that financial information remains protected. Ai-gruppe.com review demonstrates the effectiveness of structured encryption protocols in safeguarding financial data.

It continuously reinforces financial data protection through encryption measures that align with financial security protocols. By ensuring that security measures are structured, the company enhances financial data safety. Ai-gruppe.com review emphasizes the company’s approach to structured financial security, ensuring a well-protected financial environment.

About Ai-gruppe.com

Ai-gruppe.com is a company that focuses on structured financial security. The company applies encryption methodologies to ensure that financial information remains protected, minimizing security risks. The platform ensures that financial data is handled through structured security measures that reinforce confidentiality.

It prioritizes financial security by implementing advanced encryption protocols to safeguard sensitive information. By utilizing structured security measures, the company ensures that financial data remains protected against unauthorized access. Ai-gruppe.com review highlights the commitment to maintaining confidentiality through secure encryption methods that align with industry standards.

Company Details

Company Name: Ai-gruppe
Email Address: media@ai-gruppe.com
Company Address: Grosse Gallussstrasse 16-18/1st floor, 60312 Frankfurt am Main, Germany.
Company Website: https://ai-gruppe.com/
Disclaimer: This content is provided by Ai-gruppe. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before investing in or trading cryptocurrency and securities .Please conduct your own research and invest at your own risk.

The MIL Network –

February 14, 2025

MIL-OSI: Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share

Source: GlobeNewswire (MIL-OSI)

RYE, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of April, May, and June 2025.

Distribution Month	Record Date	Payable Date	Distribution Per Share
April	April 15, 2025	April 23, 2025	$0.05
May	May 15, 2025	May 22, 2025	$0.05
June	June 13, 2025	June 23, 2025	$0.05

Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund will pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The Fund’s distribution policy is subject to modification by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The Gabelli Utility Trust has paid a distribution to shareholders every month since October 1999.

The Fund’s shares are currently trading at a premium to net asset value. The Board of Trustees believes that the premium at which the Fund shares trade relative to net asset value is not likely to be sustainable. Shareholders participating in the Fund’s dividend reinvestment plan should note that at the current market price, the reinvestment of distributions occurs at a premium to net asset value.

All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2025 would include approximately 1% from net investment income and 99% would be deemed a return of capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

David Schachter
(914) 921-5057

About The Gabelli Utility Trust
The Gabelli Utility Trust is a diversified, closed-end management investment company with $327 million in total net assets whose primary investment objective is to seek long-term growth of capital and income by investing primarily in utility companies involved in the generation and distribution of electricity, gas, and water. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE – GUT
CUSIP – 36240A101

THE GABELLI UTILITY TRUST

Investor Relations Contact:
David Schachter
(914} 921-5057
dschachter@gabelli.com

The MIL Network –

February 14, 2025

MIL-OSI: Davidson Kempner Capital Management LP : Form 8.3 – Direct Line Insurance Group Plc

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:	Davidson Kempner Capital Management LP
(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.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Direct Line Insurance Group PLC
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	12/02/2025
(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”	Yes, Aviva plc

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:	10 10/11p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	34,653,153	2.64
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	34,653,153	2.64

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
Common Stock	Purchase	3000	GBP 2.6470

(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

(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

(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)

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?

Date of disclosure:	13/02/2025
Contact name:	Alex McMillan
Telephone number:	646 282 5805

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 –

February 14, 2025

MIL-OSI United Kingdom: More red tape slashed to reduce apprenticeship bureaucracy
Source: United Kingdom – Government Statements

Reforms to apprenticeship training provider payment system and End Point Assessments will cut bureaucracy and enable focus on high quality training.
The government is slashing more red tape to ensure businesses and apprenticeship training providers are able to focus even more of their time on apprentices, the Skills Minister announced today, unlocking opportunity and driving growth under the government’s Plan for Change.

Reforms to the payment system have long been called for by training providers. They will cut red tape by stopping the need for providers to log the same data multiple times, saving valuable time currently wasted on duplicating records, ensuring consistency across systems.

The move comes during National Apprenticeship Week and will mean training providers can focus on what matters most – breaking down barriers to opportunity through helping apprentices to develop their skills to enter well-paid careers and drive economic growth in key sectors.

Today the government also announced changes to End Point Assessments (EPAs), making the system simpler and more flexible while ensuring apprentices prove their competence for skilled work.

Where appropriate, apprentices will be assessed on some things during their apprenticeship rather than all at the end, and training providers may be able to deliver elements of the assessment, rather than having to rely on external assessors.

The government is also ensuring apprentices don’t have to be re-tested on the same skills they have already demonstrated, such as by taking a mandatory industry exam, to avoid wasting apprentices’ time.

This will deliver more timely assessments while retaining rigour, and ensure that apprentices are assessed on what matters most to employers, removing unnecessary burdens to career opportunities and getting skilled workers into key industries to support growth.

Skills Minister, Baroness Jacqui Smith, said:

Employers and providers are burdened with needless red tape which makes it harder to train and recruit apprentices.

We have heard time and again from training providers, apprentices and employers that this needs to change, and we are determined to deliver this so they can focus on what they do best – creating jobs and driving growth.

Businesses should rest assured this National Apprenticeship Week that this government is determined to work with them to make apprenticeships work better, helping to grow the economy.

Mike Blakeley, Executive Director of Partnerships & Apprenticeships at Exeter College, said:

Employer voice is very important to us here at Exeter College, and being invited to contribute to shaping some of these changes has allowed us to share concepts and ideas to make the learner and employer journey easier to navigate.

We thank DfE for not only listening but actioning a range of simplifications to the system that will ease the burden on employers and providers alike. These measures will be welcomed across the sector and will be a significant boost to an already brilliant National Apprenticeship Week.

Rob Nitsch, CEO of the Federation of Awarding Bodies (FAB), said:

Seven years into apprenticeship standards, it is right and natural that we should be stepping back to see how end-point assessment can be optimised for the benefit of apprentices, employers and those involved in delivery.

The Federation welcomes the principles-based methodology that the Department has proposed and the inclusive approach that has been adopted; FAB and its members are pleased to have contributed to the refinement of the principles already and look forward to working with DfE and other stakeholders to take them forward to the next stage and moving to implement the Review at pace.

This builds on reforms announced earlier in National Apprenticeship Week by the DfE. These included shorter apprenticeships with the minimum time for completion reduced to eight months, and making English and Maths requirements for completing an apprenticeship more flexible to boost recruitment in sectors like construction and healthcare.

Existing assessment plans will be rewritten on a standard-by-standard basis to reflect these changes, with the first plans being revised from April 2025.

New assessment principles for apprenticeships will be published this week, and will be available here.

DfE media enquiries

Central newsdesk – for journalists 020 7783 8300

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Published 13 February 2025
MIL OSI United Kingdom –
February 14, 2025
MIL-OSI Russia: IMF Staff Completes SMP Discussion Mission to Zimbabwe

Source: IMF – News in Russian

February 13, 2025

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.

Harare, Zimbabwe: Following the request for a Staff-Monitored Program (SMP) by the authorities in 2023, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a mission to Harare from January 30 to February 13, 2024, to advance discussions on the SMP.

At the conclusion of the IMF mission, Mr. Maliszewski issued the following statement:

“Zimbabwe’s economic activity has started recovering after the El Niño-induced drought. Growth slowed from 5.3 percent to an estimated 2 percent in 2024, as the drought lowered agricultural output by 15 percent. This was compounded by reduced electricity production and declining prices for key mineral exports (platinum and lithium). That said, strong remittances continued supporting activity in domestic trade, services, and construction, and improved the current account surplus to an estimated US$500 million (1.4 percent of GDP) in 2024. The ZiG willing-buyer willing-seller (WBWS) exchange rate was stable from the ZiG’s introduction in April 2024—with the ZiG month-on-month inflation averaging 2.3 percent—until September, when the currency weakened. Relative stability returned with the tightening of monetary policy since September, and the WBWS and parallel market exchange rates have stabilized, and the gap between these rates has narrowed. Meanwhile, fiscal pressures intensified—owing, in large part, to the transfer of the RBZ’s quasi-fiscal operations to the Treasury. Strong revenue collection helped limit the 2024 budget deficit to an estimated 1 percent of GDP, but fiscal pressures resulted in an accumulation of domestic expenditure arrears, leading to the government implementing emergency spending cuts. Going forward, growth in 2025 is projected to increase to 6 percent, with the recovery in agriculture output due to better climate conditions and the projected improvement in the terms-of-trade.

“Against this background, the Zimbabwe authorities had requested an SMP to support their efforts to stabilize the economy and re-engage with the international community on the arrears clearance and debt resolution process. The main objective of the SMP would be to durably anchor macroeconomic stability, building on policy recommendations from the 2024 Article IV consultation.

“Building on progress achieved during the mission on the ongoing SMP discussions, Fund staff will continue working closely with the authorities on defining the key parameters and modalities of the program. Discussions include (1) adjusting the fiscal position to avoid a recourse to monetary financing and new arrears and building foundations for a durable fiscal consolidation; (2) fiscal risks residing off-budget (including from the operations of the Mutapa Investment Fund); (3) the effectiveness of the monetary policy framework for the ZiG; and (4) reforms to strengthen economic governance.

“International reengagement remains critical for debt resolution and arrears clearance, which would open the door for access to external financing. The authorities’ reengagement efforts, through the Structured Dialogue Platform (SDP), are key for attaining debt sustainability and gaining access to concessional financial support. In this context, the SMP will help in enhancing policy credibility and advancing the reform agenda embedded in the SDP.

“The IMF continues to provide policy advice and extensive technical assistance in the areas of revenue mobilization, expenditure control, financial supervision, debt management, economic governance, as well as macroeconomic statistics. However, the IMF is currently precluded from providing financial support to Zimbabwe due to its unsustainable debt situation—based on the IMF’s Debt Sustainability Analysis (DSA)—and official external arrears. An IMF financial arrangement would require a clear path to comprehensive restructuring of Zimbabwe’s external debt, including the clearance of arrears and a reform plan that is consistent with durably restoring macroeconomic stability; enhancing inclusive growth; lowering poverty; and strengthening economic governance.

“The IMF mission held meetings with the Minister of Finance, Economic Development and Investment Promotion Hon. Professor Mthuli Ncube, his Permanent Secretary Mr. George Guvamatanga; the Reserve Bank of Zimbabwe Governor Dr. John Mushayavanhu; the Chief Secretary to the President and Cabinet Dr. Martin Rushwaya, other senior government and RBZ officials, honorable members of Parliament, representatives of the private sector, civil society, and Zimbabwe’s development partners.

“The IMF staff wishes to express its gratitude to the Zimbabwean authorities and stakeholders for the constructive and open discussions and support during the mission.”

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: Kwabena Akuamoah-Boateng

Phone: +1 202 623-7100Email: MEDIA@IMF.org

@IMFSpokesperson

https://www.imf.org/en/News/Articles/2025/02/13/pr-2535-zimbabwe-imf-completes-smp-discussion-mission

MIL OSI

MIL OSI Russia News –

February 14, 2025
MIL-OSI Security: U.S. Attorney’s Office Collects $23.5 Million in Civil and Criminal Actions in Fiscal Year 2024

Source: Office of United States Attorneys

ST. LOUIS – U.S. Attorney Sayler A. Fleming announced today that the Eastern District of Missouri collected $23.5 million in criminal and civil actions in Fiscal Year 2024. Of this amount, $11 million was collected in criminal actions and $12.5 million was collected in civil actions.

Additionally, the Eastern District of Missouri worked with other U.S. Attorney’s Offices and components of the Department of Justice to collect $16.9 million in cases pursued jointly by these offices, the majority of which was collected in civil actions.

Among the civil settlements were two cases involving allegations of false claims for medical services. Total Access Urgent Care (TAUC) paid $9.1 million and a Festus pain management doctor, Dr. Nehal Modh paid $1.2 million.

Nearly $1 million of the total collected in criminal actions came from a continuing case against two Jefferson County chiropractors who aided their clients in committing disability fraud. So far, 27 patients have pleaded guilty and been ordered to repay their fraudulently-obtained disability payments. The chiropractors are currently in prison, and have also been ordered to pay restitution.

More than $880,000 was recovered in fiscal year 2024 from the garnishment of the retirement accounts belonging to two doctors who pleaded guilty in separate criminal cases. About $628,000 was recovered from Dr. Amy Swegan, who admitted accepting kickbacks from telemedicine companies involved in a nationwide fraud scheme. Nearly $255,000 was collected from Dr. Ashu Joshi, who distributed child pornography involving the daughter of a former patient.

“These cases show that our Financial Litigation Unit will aggressively pursue restitution for victims and taxpayers, even if it takes years after a case is resolved,” said U.S. Attorney Sayler A. Fleming.

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

Additionally, the U.S. Attorney’s office, working with partner agencies and divisions, collected $5.6 million in asset forfeiture actions in FY 2024. Forfeited assets deposited into the Department of Justice Assets Forfeiture Fund are used to restore funds to crime victims and for a variety of law enforcement purposes.

MIL Security OSI –

February 14, 2025
MIL-OSI Security: Boston Woman Sentenced for Fraudulently Obtaining COVID-Relief Funds

Source: Office of United States Attorneys

BOSTON – A Boston woman was sentenced in federal court in Boston for a scheme to fraudulently obtain pandemic-related relief funds from the Paycheck Protection Program (PPP).

Jameela Gross, 28, was sentenced by U.S. District Court Judge William G. Young to time served (one day) to be followed by three years of supervised release. Gross has also been ordered to pay $18,750 in restitution. In September 2024, Gross pleaded guilty to one count of wire fraud. Gross was arrested in February 2024 along with over 40 Heath Street Gang members/associates, who were charged with racketeering conspiracy, drug trafficking, firearms charges and financial frauds, including COVID-related fraud.

Among other relief programs, the Coronavirus Aid, Relief, and Economic Security Act created the PPP, a temporary loan program directed at small businesses. PPP loans were processed and funded by participating lenders and guaranteed by the U.S. Small Business Administration. If the small business used the loan funds for permissible expenses, the loan could be forgiven.

In April 2021, Gross submitted a fraudulent PPP loan application on behalf of her purported photography business. The application contained multiple false statements, including false representations regarding the fictitious business’s income in 2020 and the purpose of the loan. Gross also submitted false tax records in support of her loan application. Based on the fraudulent application, Gross received approximately $18,750.

United States Attorney Leah B. Foley; Boston Police Commissioner Michael Cox; Jonathan Mellone, Special Agent in Charge of Department of Labor, Office of Inspector General; and Thomas Demeo, Acting Special Agent in Charge of the Internal Revenue Service Criminal Investigations made the announcement today. Assistant U.S. Attorneys Sarah Hoefle and Lucy Sun of the Criminal Division prosecuted the case.

This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the Department’s response to the pandemic, please visit https://www.justice.gov/coronavirus.

Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

MIL Security OSI –

February 14, 2025
MIL-OSI Security: FBI Takes Action to Protect Your Hard-Earned Money
Source: Federal Bureau of Investigation FBI Crime News (b)

As cryptocurrency investment fraud scams blanket the nation, causing unprecedented financial and psychological hardship to tens of thousands of Americans, the FBI is stepping up with a hands-on measure to protect the public.

Operation Level Up is a proactive initiative to identify and notify victims of cryptocurrency investment fraud. Using sophisticated techniques, the FBI identifies victims who are actively being defrauded and promptly intervenes by contacting those victims.

Since the start of Operation Level Up over a year ago, the FBI has notified more than 4,300 victims spanning all 50 states. Of these victims, 76 percent were not aware they were being scammed. Through these notification efforts, the FBI has saved victims more than $285 million.

“The FBI is committed to protecting citizens from cryptocurrency investment fraud schemes,” said FBI Criminal Investigative Division Assistant Director Chad Yarbrough. “Unfortunately, we continue to see these scams grow and evolve every day. It doesn’t matter where the subjects are—we will use every tool at our disposal to stop them from targeting U.S. citizens. By raising awareness, we can prevent countless people from losing their savings and send a clear message to criminals that these schemes will not be tolerated.”

Cryptocurrency investment frauds are elaborate schemes that often involve unsolicited online contact, a long period of trust building, fake investment opportunities, and a false sense of urgency to send money, perpetrated by individuals typically located overseas who target victims in the United States.

In Operation Level Up, specially trained FBI and U.S. Secret Service Agents are contacting victims directly to prevent further victimization and financial loss. Agents also explain how these crimes work and how to avoid them in the future, outline how to file a report with federal law enforcement, and provide access to mental health and other resources to assist with the impacts of these crimes.

In numerous instances, victims told the FBI that the notification stopped them from liquidating their entire retirement accounts, selling their homes, or taking out costly loans to continue investing in fake cryptocurrency applications. Due to the profound emotional toll these scams can have, dozens of victims contacted through Operation Level Up were referred to the FBI Victim Services Division and provided direct support and lifesaving measures.

The FBI also works through our legal attaché offices located around the world to collaborate with international law enforcement partners and share hundreds of foreign victims identified through Operation Level Up for intervention. Information about illicit applications, websites, and social media accounts are also collected from victims and shared with technology companies for their awareness.

Below are some tips to help protect yourself from these scams:
- Do not release any financial or personal identifying information and do not send any money to someone you met online.
- Do not invest solely based on the advice of someone you met online.
- Do not download or use any unfamiliar applications or click on any links sent to you by someone you met online.
- Do not pay any additional fees or taxes to withdraw money you have invested in a potential scheme.
- Do not pay for services that claim to be able to recover lost funds, as these are often scams as well.
The FBI knows some individuals involved in criminal activity may try to discourage victims from heeding our warnings. It’s important to stay vigilant and cautious if someone advises you to disregard communications from the FBI or provides you with instructions on how to respond to the FBI.

The FBI is launching this public awareness campaign to educate the public, so no one falls victim to these fast-evolving schemes. We also want the public to have information readily available in case they are contacted by the FBI.

If an FBI agent contacts you via phone or email, the FBI will never ask for money, or ask to move communications to private messaging applications, or request bank account details or personal identifying information, other than confirming your identity with information already possessed. When they call or email, agents will provide you with methods you can use to confirm they are truly FBI agents. When in doubt, visit or call your local FBI field office for further clarification.

If you think you may be a potential victim, you should stop sending money immediately and file a report with the FBI’s Internet Crime Complaint Center at ic3.gov or call 1-800-CALL-FBI.

For more information about Operation Level Up and what to look out for, please visit fbi.gov/levelup and fbi.gov/scams.

MIL Security OSI –
February 14, 2025
MIL-OSI Video: Munich Security Conference 2025

Source: European Commission (video statements)

“The EU in the World”
Keynote speech by Ursula von der LEYEN, President of the European Commission followed by Q&A

Read more on the AI Action Summit here: https://europa.eu/!fnXHKg
Find European Commission President Ursula von der Leyen’s speech here: https://ec.europa.eu/commission/presscorner/home/en

Follow us on:
-X: https://twitter.com/EU_Commission
-Instagram: https://www.instagram.com/europeancommission/
-Facebook: https://www.facebook.com/EuropeanCommission
-LinkedIn: https://www.linkedin.com/company/european-commission/
-Medium: https://medium.com/@EuropeanCommission

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

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

MIL OSI Video –

February 14, 2025
MIL-OSI United Kingdom: Council Leader reacts to new Government funding for new towns

Source: City of Manchester

Manchester has been allocated £1.5m by the Government to support the next phase of regeneration in Collyhurst in north Manchester – part of the major Victoria North regeneration programme.

Leader of the Council Cllr Bev Craig said:

“We welcome the news that the new Government wants to work with us to help us build more homes and create more jobs for Manchester residents.

“Victoria North represents one of the most ambitious urban regeneration programmes in Europe and will see more than 15,000 homes built in the next decade, along with a range of employment, social, community, cultural and neighbourhood uses. Its delivery will transform 390 acres of brownfield and underutilised land in some of the most deprived wards of Manchester, creating a new town in Manchester, interconnected by quality green spaces which will open up and celebrate the River Irk.

“Already, hundreds of homes have been built as part of the regeneration programme, including 130 new council homes in Collyhurst that will be available to residents very soon, alongside a new community park.

“This £1.5m Government funding will help to unlock a key element of the vision for Collyhurst by supporting the development of a business case for a new Metrolink stop at Sandhills, that will better connect the Collyhurst neighbourhood to the wider city and region, linking our residents to employment and other services and opportunities.

“Investment in a new Metrolink stop in this community would be an important driver to deliver the ambitious next phase of the Collyhurst regeneration story, which looks build more than 2,500 new homes – including significant council and social housing – new shops, and further education and medical facilities.

“We look forward to working closely with this Government in the coming months to realise the potential of Collyhurst, Victoria North and the wider area of North Manchester. Together with the news around the North Manchester General Hospital green light, this shows that Manchester is a priority for the new Government.”

Find out more about the regeneration of Collyhurst

Find out more about the Victoria North regeneration programme

MIL OSI United Kingdom –

February 14, 2025
MIL-OSI United Kingdom: Great turn out for school apprenticeship show

Source: City of Coventry

As part of National Apprenticeship Week 2025, the Apprenticeship Team at Coventry City Council hosted more than 25 employers for a School Apprenticeship Show.

The event held this week at Coventry Rugby Club brought together over 300 students.

Severn Trent, Coventry University, BUUK infrastructure, Land Rover and West Midlands Police were just a few of the organisations promoting the wealth of apprenticeship opportunities available.

The show provided an invaluable platform for young people to explore career pathways, engage with employers, and gain insights into how apprenticeships can be a direct route into skilled employment.

Employers from sectors such as construction, healthcare, digital, engineering, and the public sector were on hand to share information, answer questions, and inspire the next generation of apprentices.

Cllr Richard Brown, Cabinet Member for Finance and Resources at the Council, said: “I’m really pleased that our own apprenticeship team is helping to bring together so many great organisations and so many young people.

“Events like this are such a great way to highlight the different career options that apprenticeships can be the springboard to.”

Zak Bhana, Apprenticeship and Career Pathways Advisor, at Coventry City Council, said: “The event was a real success. It was great to see so many Coventry-based employers getting involved and informing students about the different apprenticeship career pathways they have available.

“Apprenticeships provide fantastic opportunities for young people to earn while they learn, and this event highlighted just how many options there are locally.”

The Apprenticeship Show aligns with the Council’s commitment to supporting young people into meaningful careers and ensuring local businesses can connect with the talent they need.

A huge thank you to all the employers, students, and schools who took part in making this event such a success. If you’d like to find out more about apprenticeships in Coventry, please visit our Apprenticeships Hub or contact the team at coventry.gov.uk/apprenticeships

Published: Thursday, 13th February 2025

MIL OSI United Kingdom –

February 14, 2025
MIL-OSI United Kingdom: Preserve the house of William Blake as a national cultural centre
Source: Mayor of London

William Blake, author of ‘Jerusalem’, regarded as the unofficial national anthem, is internationally revered as a Poet, Artist, and Visionary. He lived at 17 South Molton Street in London for 17 years in two humble rooms in which he produced his most famous and influential illustrated works.

Today, the London Assembly has called for the site to become a cultural and educational hub and visitor centre, boosting the local and London economy.

Marina Ahmad AM, who proposed the motion, said:

“Preserving our heritage is vital to our cultural identity, well-being, and economic growth. William Blake—renowned poet, artist, and visionary—lived and created some of his most influential works at 17 South Molton Street. Yet, this historic home is at risk of being lost.

“We have a unique opportunity to transform Blake’s last remaining London residence into a world-class cultural and educational hub, honouring his legacy while boosting the local economy. The homes of Mozart, Rembrandt, and Burns are thriving visitor attractions – let’s do the same with William Blake’s house.

“I ask the mayor to meet with the William Blake Fellowship, engage with the Grosvenor Group, and rally key stakeholders to support this vision. If action is not taken now, we risk losing this opportunity forever. Let’s secure Blake’s legacy for generations to come.”

The full text of the motion is:

This Assembly recognises that preserving our heritage is important to the cultural, well-being and economic growth of our country.

William Blake, author of ‘Jerusalem’, regarded as the unofficial national anthem and sung at the 2012 Olympics and by all main political parties, is internationally revered as a Poet, Artist and Visionary.

Last year international Blake exhibitions in Los Angeles, the Fitzwilliam Museum, Cambridge and in Europe attracted thousands of visitors. Blake is on the National Curriculum taught in UK Primary and Secondary schools.

William Blake lived in 17 South Molton Street in London for 17 years in two humble rooms in which he produced his most famous and influential illustrated works, now in 56 galleries and private collections around the world. The home is a Georgian townhouse similar to Handel House or Charles Dickens’ houses and has been cherished as The House of William Blake even when Blake still lived there in 1803, all the way up to present day.

The building is listed with English Heritage as ‘more than of special interest’ to the nation and since the 1970’s has had a City of London blue plaque. Blake’s unique contribution to the arts and humanity should be proudly celebrated by his home city with this site becoming a cultural and educational hub and visitor centre which would boost the local and London economy.

The William Blake Fellowship has been liaising for many months with the company who owns the property. The company’s plan is to renovate it as a private residence sold on the commercial market. It is instead now the time for this property to become a cultural hub, honouring and celebrating the life and works of William Blake.

This would draw from the success of long standing historic houses in other European cities such as Mozart’s House in Vienna, Rembrandt’s House in Amsterdam, Dante’s House in Florence, nearby Handel House in London and Robert Burns’s House in Scotland, the legacy of which generates £200 million a year to the Scottish economy. The Fellowship has produced ample evidence of the social, cultural and economic value of this property being repurposed as a world class cultural visitor centre.

The House of William Blake’s proposal is supported by the Deputy Mayor for Culture and the Creative Industries Justine Simons OBE, Lord Vaizey of Didcot, Rachel Blake, MP for Cities of London and Westminster, Westminster Council, Dee Corsi, Chief Executive Officer of New West End Company, a business partnership of 600 UK and international retailers, Mayfair residents and English Heritage.

The Fellowship has submitted an application for Neighbourhood Community Infrastructure Levy funding and are soon meeting with Westminster Council to discuss its pre-app planning submission for the process of changing the use of the building from a private residence to a cultural centre.

However, the current owners of the building, although also supportive of the proposal in principle, are continuing with their planned renovation and marketing of Blake’s home as a private residence.

The Fellowship retains the ambition to open a centre in 2027, which would mark both 200 years since Blake’s death and 270 years since his birth. If the property is continued to be developed as a luxury apartment, the opportunity to create a dedicated centre to William Blake at his last remaining London home will be lost for good.

This Assembly resolves to:
- Call on the Mayor to meet with the William Blake Fellowship to be updated on the current status of plans for the House of William Blake.
- Convey the importance and need for this venture to the Grosvenor Group and board, as well as their Chair, the Duke of Westminster, and request the pausing of the ongoing commercial renovation work so that the House of William Blake proposal can continue to the next stages of development.
- Call for Grosvenor Group to develop and work with the relevant public and private partnerships to enable the creation of the centre to go forward.
- Call a meeting with key stakeholders (listed above) to discuss working together in the same way that the Government, councils and institutions of other major European cities have partnered to create the houses of Rembrandt, Mozart and Robert Burns as international cultural visitor attractions.
- Write to the Secretary of State for Culture, Media and Sport, Lisa Nandy MP, and the Minister for Creative Industries, Arts and Tourism, Sir Chris Bryant MP, to convey the importance of the House of William Blake being preserved as a national cultural centre.
The meeting can be viewed via webcast or YouTube.

Follow us @LondonAssembly
MIL OSI United Kingdom –
February 14, 2025
MIL-OSI United Kingdom: Assembly wants re-evaluation of increase in employer’s National Insurance contributions

Source: Mayor of London

The London Assembly has today called on the Mayor of London to lobby the Chancellor to re-evaluate the current increase in employer’s National Insurance contributions and the additional £7bn in costs on employers arising from the Government’s Budget.

This follows concerns raised by industry bodies including the London Chamber of Commerce and Industry, as well as major retailers including Sainsbury’s, Tesco and Morrisons.

Alessandro Georgiou AM, who proposed the motion, said:

“The impact of the raise in employer’s National Insurance Contributions on Londoners could not be clearer in the threatened job-losses in the capital.

“I am pleased that the Assembly has backed my motion calling on the Mayor to lobby the Chancellor to review this, and I hope that the Mayor will share in our concerns about the impact on businesses and Londoners by extension.

“£7bn is a large bill for businesses to swallow – now is the time for the Mayor to come out and oppose it.”

The full text of the motion is:

This Assembly wishes to express its concern regarding the impact of the Government’s Autumn Budget, including the decision to increase employer’s National Insurance contributions. Decisions taken by this Government have let to economic uncertainty, market turmoil, additional business costs and higher borrowing costs.

This Assembly regrets that costs have risen significantly for employers, and many have been forced to reduce their workforce as a result of the Budget, with Londoners bearing the brunt of redundancies and higher prices.

This Assembly notes the concerns of industry bodies such as the London Chamber of Commerce and Industry who found only 1 in 4 business leaders are confident that the Government will deliver growth.

This Assembly also notes recent job cuts announced by major retailers including: Sainsbury’s (3000 cuts), Tesco (400 cuts), Morrisons (200 cuts), WH Smith, River Island, Schuh, Currys and Next, as well as the comments made by Simon Roberts, Sainsbury’s Chief Executive, who just days after the Budget announcement said, “There will be difficult decisions to take as a result”.

This Assembly calls on the Mayor to lobby the Chancellor to re-evaluate the current increase in employer’s National Insurance contributions and the additional £7bn in costs on employers arising from the Budget, to better support Londoners and their job security.

The meeting can be viewed via webcast or YouTube.

Follow us @LondonAssembly

MIL OSI United Kingdom –

February 14, 2025
MIL-OSI: Integration of Emerging Technologies for Military Drone Market Presenting a Significant Growth Opportunity

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., Feb. 13, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The surge in global defense budgets has had a significant impact on the Global Military Drone Market. As political tensions rise worldwide, nations are investing in cutting-edge unmanned aerial systems (UAS) to bolster their defense and security capabilities. Increased defense expenditure has allowed countries like the United States, China, and other NATO members to allocate substantial funds to advanced drone programs, enhancing surveillance, supporting combat missions, and improving autonomous drone features. A recent report from an industry expert said that: “The growing demand for real-time intelligence in dynamic, complex military environments has significantly increased the need for sophisticated drones equipped with advanced surveillance and reconnaissance capabilities. Military drones are now integrated with cutting-edge technologies such as high-resolution cameras, infrared sensors, and other advanced systems that enhance situational awareness for both tactical operations and comprehensive intelligence gathering. For instance, the Northrop Grumman RQ-4 Global Hawk is capable of surveying over 40,000 square miles in a single day, providing extensive monitoring of large areas. This level of surveillance is invaluable for sustained military operations in regions like Ukraine and other conflict zones, where real-time intelligence is crucial for strategic decision-making and operational effectiveness.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), AeroVironment (NASDAQ: AVAV), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), L3Harris Technologies (NYSE: LHX), Unusual Machines (NYSE: UMAC).

The article continued: “The integration of emerging technologies into military drones presents a significant growth opportunity for the market. Technologies such as artificial intelligence (AI), machine learning, autonomous navigation systems, and advanced sensors are revolutionizing the capabilities of military drones. AI-driven systems, for instance, can enable drones to analyze vast amounts of real-time data, enhancing decision-making and targeting accuracy. Autonomous navigation allows drones to operate with minimal human intervention, improving operational efficiency and reducing the risk to personnel. For example, the U.S. military has incorporated AI into its MQ-9 Reaper drones to enhance autonomous targeting and surveillance capabilities, allowing for more precise missions in complex environments.”

ZenaTech (NASDAQ:ZENA) ZenaDrone Subsidiary Develops and Tests Proprietary Drone Communications System Enabling Secure and Reliable Communications for US Defense Applications – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that its subsidiary ZenaDrone has developed and is currently testing a proprietary drone communications management system called “DroneNet” that enables direct and secure drone communications in situations without reliable internet, cellular or satellite communications. The internally developed system is specifically built for use with the Company’s ZenaDrone 1000 and IQ series of drone products. A drone communications system is a two-way link between a drone and its base station used to direct the drone and relay real-time drone video and sensor data.

“We believe our proprietary DroneNet communications system will improve both the reliability and performance of our drones ensuring we are not dependent on third-party products with compatibility issues. This internal development ensures we gain more customization of our products, cost management, and control of our supply chain, all of which results in what we believe to be superior drone solutions. Once we’ve tested this initial version, our plan for future advancements includes developing and testing our own microchips with multilayer encryption suitable for NDAA-compliant use required for US Defense applications,” said CEO Shaun Passley, Ph.D.

Drones used by the military for intelligence, surveillance and reconnaissance applications require reliable communications systems for uninterrupted data transmission, mission effectiveness, and operational security. Drones must relay real-time video, sensor data, and telemetry to command centers, allowing defense operators to make time-sensitive decisions. This is especially critical for Beyond Visual Line of Sight (BVLOS) operations, where drones operate over longer distances often in harsh or contested environments. Without secure and resilient communications links, drones risk losing control, can face signal jamming, or data latency, which can compromise mission success. Advanced proprietary communication solutions, using satellite and 4G help ensure connectivity in GPS-denied or high-interference environments and can safeguard data against jamming and cyber threats.

The ZenaDrone 1000 is an autonomous drone, in a VTOL (Vertical Takeoff and Landing) quadcopter design with eight rotors; it is considered a medium-sized drone measuring 12X7 feet in size. It is designed for stable flight, maneuverability, heavy lift capabilities up to 40 kilos, incorporating innovative software technology, AI, sensors, and purpose-built attachments, along with compact and rugged hardware engineered for industrial and defense use. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

Other recent developments in the markets include:

AeroVironment (NASDAQ: AVAV), through its wholly owned subsidiary Arcturus UAV, has recently been awarded a contract by the Danish Defense Acquisition and Logistics Organization (DALO) with a contract ceiling value of $181 million to deliver the JUMP^® 20 medium uncrewed aircraft system (UAS) to the Danish Armed Forces. This 10-year program of record will equip the Danish Army with JUMP 20 systems to enhance intelligence, surveillance, and reconnaissance (ISR) operations, reinforcing AV’s position as a global leader in advanced autonomous solutions.

JUMP 20 is a vertical take-off and landing (VTOL), fixed-wing UAS with 13+ hours of endurance and an operational range of 185 km (115 mi). Runway independent, the system is easily storable and transportable, and can autonomously launch and land at speed without personnel intervention, making it ideal for on-the-move operations.

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in Defense, National Security and Global Markets, recently announced a $34,856,449 award modification to a previously awarded cost-plus-fixed-fee contract from the U.S. Marine Corps. The expanded scope is to support the XQ-58A Unmanned Aerial Systems mission systems and subsystems integration for the Marine Air-Ground Task Force Unmanned Aerial System Expeditionary (MUX) Tactical Aircraft (TACAIR).

Since 2022, Kratos and its industry partner, Northrop Grumman, have been working with the U.S. Marine Corps to define operational requirements for the MQ-58 Valkyrie variant. The team recently demonstrated advanced collaborative capabilities during the Penetrating Affordable Autonomous Collaborative Killer Portfolio (PAACK-P) program, which is transitioning to MUX TACAIR in 2025. The modification contract provides the additional non-recurring engineering and material to support the planned spiral developmental efforts, as well as additional flight tests for the continuing capability enhancement of the Valkyrie system.

L3Harris Technologies (NYSE: LHX) has recently introduced AMORPHOUS™, its new software that features a single user interface to operate thousands of autonomous assets simultaneously. Designed with an open architecture, this software enables the United States and allied militaries to control a mix of uncrewed platforms, payloads and systems, even if another manufacturer produces them.

AMORPHOUS, which stands for Autonomous Multi-domain Operations Resiliency Platform for Heterogeneous Unmanned Swarms, includes an intuitive and distributed command-and-control interface to give operators the flexibility to conduct a wider array of intricate military missions. This collaborative autonomy at scale will provide warfighters with a decisive overmatch capability.

Unusual Machines (NYSE: UMAC) has recently announced the signing of a binding agreement to acquire of Aloft Technologies, Inc. (https://www.aloft.ai/), the leading FAA-approved provider of unmanned aerial system (UAS) services to enterprise, public safety, and government customers. The acquisition is almost all in stock, valued at $14.5M.

The proposed acquisition brings together companies that share commitment to strengthening the U.S. drone industry. Aloft Technologies has long been recognized as the leader in the drone fleet and airspace management sector, powering more than 70% of all FAA-approved Low Altitude Authorization and Notification Capability (LAANC) airspace authorizations in the United States. Aloft has provided more than more than 1.6 million authorizations in total, with 400,000 authorizations provided in 2024.

Aloft has been able to leverage the data collected through millions of safe flights and airspace interactions to launch Air Boss, their new real-time UAS air traffic management (UTM) software. With the FAA forecasting more than 3 million drones in the airspace by 2028, outnumbering traditional aircraft more than 10-to-1, the coordination and integration of all aircraft is critical to national security and the national economy.

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SOURCE: FN Media Group

The MIL Network –

February 14, 2025
MIL-OSI: Codere Online Granted Listing Extension by Nasdaq and to Release Q4-24 Earnings on February 20th

Source: GlobeNewswire (MIL-OSI)

Luxembourg, Grand Duchy of Luxembourg, February 13, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the “Company” or “Codere Online”), a leading online gaming operator in Spain and Latin America, today announced that, by letter received on February 12, 2025, the Nasdaq Hearings Panel (the “Panel”) of The Nasdaq Stock Market LLC (“Nasdaq”) has determined to grant the Company’s request to continue its listing on Nasdaq, subject to the Company filing its annual report on Form 20-F for the year ended December 31, 2023 (the “2023 Annual Report”) on or before May 12, 2025.

The Panel’s determination follows a hearing on January 16, 2025, at which the Panel considered the Company’s plan to regain compliance with Listing Rule 5250(c)(1) (the “Rule”). The Company has and continues to work diligently with its new auditor to complete and file with the Securities and Exchange Commission (“SEC”) its 2023 Annual Report and expects to do so within the extension period granted by the Panel, thereby regaining compliance with the Rule.

Following this positive development, the Company will release its fourth quarter 2024 results prior to 8:30AM US Eastern Time on Thursday, February 20, 2025. At 8:30AM US Eastern Time on the same day, Codere Online’s management will host a conference call to discuss the results and provide a business update.

The Company’s earnings press release and presentation will be available on Codere Online’s website at www.codereonline.com. Dial-in details for the conference call as well as the audio webcast registration link are accessible on the Events & Presentations section of the website. A recording of the webcast will be available following the conference call.

About Codere Online

Codere Online refers, collectively, to Codere Online Luxembourg, S.A. and its subsidiaries. Codere Online, launched in 2014 as part of the renowned casino operator Codere Group, offers online sports betting and online casino through its state-of-the art website and mobile applications. Codere Online currently operates in its core markets of Spain, Mexico, Colombia, Panama and Argentina; this online business is complemented by Codere Group’s physical presence in Spain and throughout Latin America, forming the foundation of the leading omnichannel gaming and casino presence.

Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, including the Company’s expectations about the timing of completion and filing of the 2023 Annual Report, statements related to the Company’s plan, timing and actions taken to regain compliance with the Rule.

These forward-looking statements are based on information available as of the date of this document and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s or its management team’s views as of any subsequent date, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. There may be additional risks that the Company does not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Additional information concerning certain of these and other risk factors is contained in Codere Online’s filings with the SEC. All subsequent written and oral forward-looking statements concerning Codere Online or other matters attributable to Codere Online or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

Contacts:

Investors and Media
Guillermo Lancha
Director, Investor Relations and Communications
Guillermo.Lancha@codereonline.com
(+34) 628.928.152

The MIL Network –

February 14, 2025
MIL-OSI: New BESS Industry Survey Reveals Shifting Operations Priorities and Challenges
Source: GlobeNewswire (MIL-OSI)

CHICAGO, Feb. 13, 2025 (GLOBE NEWSWIRE) — TWAICE, the leading provider of battery analytics software, published today the results of its first in-depth industry survey of battery energy storage system (BESS) professionals. For the BESS Pros Survey, TWAICE questioned over 80 engineers, technicians, asset managers, and operators, seeking to understand their most pressing concerns.

The results of the survey revealed that:
- 58% of respondents identified system performance and availability as top concerns
- 46% overall reported technical issues at least once a month
  - This figure rose to 53% among asset managers and an overwhelming 73% among operations and maintenance staff – those closest to actual system performance
- Only 55% are satisfied with their energy storage software stack
With nearly half of all energy storage respondents experiencing frequent technical issues, the “BESS Pros Survey” throws a spotlight on widespread, recurring issues in the energy storage industry that prevent systems from performing at their best. The performance discrepancy reported across different roles further suggests a potential disconnect between those focused on day-to-day operations and the rest of the organization – and underscores the need for a unified data strategy and improved communications among operational stakeholders.

The survey also emphasized the diversity of technologies that respondents use to manage storage data. Notably, only about half of the respondents expressed satisfaction with capabilities provided by their current software stack based on manufacturer-supplied tools. Instead, respondents are increasingly adopting more specialized software tools to address storage-specific challenges. This shift reflects a growing understanding that BESS operations require in-depth analytics, management, and optimization capabilities that more generic energy software may lack.

“The common thread across the survey is that the teams responsible for safeguarding operations and ensuring commercial success lack reliable and enriched data,” said Dr. Stephan Rohr, Founder and co-CEO at TWAICE. “As the industry transitions from simply delivering safe operations to actively monetizing storage assets, it’s crucial that we empower BESS professionals with the right tools for the job at hand. This includes access to data to proactively manage their BESS, mitigate risks, and capitalize on market opportunities with highly available assets.”

Experts at TWAICE conducted the BESS industry survey between October and December 2024, collecting responses from 83 professionals from across EU and US. Most respondents came from independent power producers (35% of respondents); engineering, procurement, and construction firms (19%); and BESS integrators (17%). The majority worked with utility-scale batteries, with 61% expecting their total capacity to exceed 250 MWh within two years.

The full BESS Pros Survey Report can be downloaded from TWAICE’s website.

About TWAICE
Since 2018, TWAICE has been leading the field of predictive battery analytics, meeting the demand for safe, durable, and highly available energy storage assets (BESS). TWAICE provides advanced software solutions for designing, validating, and operating batteries at scale, combining deep battery knowledge with artificial intelligence to generate actionable insights. While Battery Management System (BMS) and Energy Management System (EMS) providers offer basic monitoring capabilities, TWAICE exceeds the traditional service by providing advanced analytics that uncover hidden patterns and anomalies to optimize battery performance and lifespan. As an independent third-party, TWAICE ensures unbiased recommendations, free from ties to specific insurance companies, manufacturers or vendors.

Media Contact
Justin Williams
Trevi Communications for TWAICE
justin@trevicomm.com
+1 (978) 539-7157

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/a4ee993c-6ced-4592-be55-9698c2e88ec5

https://www.globenewswire.com/NewsRoom/AttachmentNg/35271b34-6b4d-4036-9bec-8db614668939

https://www.globenewswire.com/NewsRoom/AttachmentNg/9dffe865-24b8-4407-be7c-1c11c1e19113

The MIL Network –
February 14, 2025
MIL-OSI: Trillion Energy Announces SASB Field Operational Update
Source: GlobeNewswire (MIL-OSI)

Vancouver, B.C., Feb. 13, 2025 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), is pleased to announce an operational update for the SASB offshore gas project, Turkey.

During January 2025 the Company completed installation of new velocity string tubing in two wells located on tripods (Alapli-2 and Bayhanli-2) in an operation that took approximately two weeks’ time.

Previously, the Company completed installation of new tubing in four wells on the Akcakoca platform during the fall of 2024. A total of 6 wells have now received the new smaller tubing size to mitigate water loading conditions.

The tripod wells continue to receive nitrogen injections to stimulate production, however, operations have been delayed over the past few weeks due to stormy winter weather conditions. Both Alapli-2 and Bayhanli-2 initially responded positively to the ongoing operational efforts, however, stable long-term flow rates have yet to be sustained.

The Company is currently preparing to stimulate the Akcakoca-3 and South Akcakoca-2 wells in the upcoming week using nitrogen, upon suitable weather conditions arriving.

The Company has sourced a gas lift compressor system for the Akcakoca platform which will provide continuous gas lifting injection to certain wells to assist in production.

Additionally, the Company plans to enhance production by installing:
- A Progressive Cavity Pump (PCP) in a well
- Two slim-hole Electric Submersible Pumps (ESPs) attached to the new tubing in two wells
These strategic interventions involving artificial lift are critical to sustaining long-term production rates and optimizing well performance and are expected to occur in the upcoming months.

About the Company

Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The Company is 49% owner of the SASB natural gas field, a Black Sea natural gas development and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. More information may be found on www.sedar.com, and our website.

Contact
‎Sean Stofer, Chairman
Brian Park, VP of Finance
1-778-819-1585
E-mail: info@trillionenergy.com
Website: www.trillionenergy.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company’s ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.

These statements are no guarantee of future performance and are subject to certain risks, uncertainties, delay, change of strategy, and assumptions that are difficult to predict and which may change over time. Accordingly, actual results and strategies could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies, the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical or operating conditions; the cost of extracting gas and oil may increase and be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Company’s filings on www.sedar.com, including the most recently filed Annual Report on Form 20-F and subsequent filings. For a full summary of our oil and gas reserves information for Turkey, please refer to our Forms F-1,2,3 51-101 filed on www.sedar.com, and or request a copy of our reserves report effective December 31, 2022 and updated January 31 2023.

‎

The MIL Network –
February 14, 2025
MIL-OSI: Pipe Continues International Expansion to Canada Through Partnership with Housecall Pro
Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO and SAN DIEGO, Feb. 13, 2025 (GLOBE NEWSWIRE) — Pipe, a fintech company partnering with software platforms to deliver embedded financial solutions for SMBs, today announced its expansion to Canada through a partnership with Housecall Pro, the go-to software platform for over 45,000 home service companies. Together, the two companies are dramatically improving financial access for the industry by delivering Pipe’s embedded capital through the Housecall Pro platform. The move accelerates Pipe’s strategy of providing capital access to SMBs globally from within the software they already use to run their businesses. With this expansion, Pipe is now live in the U.S., the UK, and Canada, with additional geographies planned in the near future.

According to a recent study¹, 87% of Canadian SMBs are confident in their performance, yet two-thirds struggle with cash flow, and many lack access to capital, hindering their growth and expansion. The situation in Canada is consistent with SMB markets in the United States and the UK, where Pipe Capital is being adopted rapidly to fill the hole left by banks and other traditional capital providers.

Housecall Pro offers an industry-leading SaaS operating platform combined with modern financial services to help home service professionals, or “Pros,” run all aspects of their business. Traditionally, businesses like the ones served by Housecall Pro have struggled to access the financing needed to grow — running into long application processes, credit checks, and excessive paperwork. With Pipe Capital, Housecall Pro can surface personalized offers to Pros embedded in the same platform they use to run their business. Through the partnership, Pipe is able to assess risk and deliver personalized offers to Pros based on live platform data on revenue streams, cash flow, and business performance.

Key capabilities of the embedded offering in the Housecall Pro platform include:
- Customer-friendly financing without requiring credit checks or personal guarantees. No minimum monthly payments are required, and payments align with a Pro’s revenue.
- Multiple ways to top up and boost financing offers, delivering similar benefits to a line of credit.
- Access to capital in a few clicks with tailored go-to-market support.
“At Housecall Pro, we are dedicated to giving home service businesses the tools and resources they need to thrive and grow. Pipe’s customer-friendly capital solution aligns well with that mission,” said Valentina Durand, VP Strategy & Growth, Housecall Pro. “By offering our Canadian customers easy access to capital based on their present and future revenue, we’re helping them knock down common financial hurdles and invest in their growth. This streamlined solution increases our value proposition for customers, increases satisfaction and loyalty for Housecall Pro, and strengthens our position as a leading platform for home service professionals.”

“By partnering with an industry leader like Housecall Pro in Canada, we’re continuing to expand our global footprint to reach hundreds of thousands of small businesses that need capital to achieve their entrepreneurial dreams,” said Luke Voiles, CEO, Pipe. “The home services industry has historically been underserved by traditional financial organizations. Combining Housecall Pro’s unmatched technology and expertise in supporting this market with Pipe’s tailored risk models, together we’re able to provide the capital these SMBs need to grow and prosper.”

About Pipe
Pipe makes customer-friendly capital and smart financial tools accessible to growing businesses inside the software they use every day. Our embedded solutions are built to scale and give business builders across industries the power to grow on their own terms. To learn more, visit www.pipe.com or follow us on X @pipe.

About Housecall Pro
Housecall Pro is a top-rated business solution that helps home service professionals save time, sell bigger jobs, and provide best-in-class service. With easy-to-use tools for scheduling, dispatching, payments, and more, Housecall Pro enables Pros to manage every aspect of their business all in one place. The software is available through a mobile app and web portal for Pros across the United States and Canada. Founded in 2013, Housecall Pro has been championing Pros through streamlined solutions and strong community support for over nine years. Housecall Pro’s brand portfolio includes BuildBook, construction management software for builders and remodelers, and CONQUER, a business coaching solution for home service businesses.

Media Contact
Merrill Freund
merrill@freundpr.com

^{_____________________}

¹ “State of SMB Finance in Canada” survey, conducted at the close of Q3 2024 by Float Financial

The MIL Network –
February 14, 2025
MIL-OSI: Sprout Social Launches Rebranded Influencer Marketing Platform, Preparing Brands for the Next Generation of Social

Source: GlobeNewswire (MIL-OSI)

CHICAGO, Feb. 13, 2025 (GLOBE NEWSWIRE) — Today, Sprout Social (Nasdaq: SPT), announced the launch of its rebranded influencer marketing platform, Sprout Social Influencer Marketing (formerly Tagger Media). Almost half of all consumers make at least one purchase a month because of influencer posts and 8 in 10 marketers report that influencer content provides stronger conversions, underscoring the crucial role influencer marketing plays in the buying journey. Sprout Social Influencer Marketing equips brands with the tools they need to capitalize on this massive opportunity with AI-powered insights and advanced analytics to help marketers identify the right influencers, build authentic partnerships and maximize the ROI of their campaigns. The platform and its AI-focused roadmap will be featured in Breaking Ground, Sprout’s premier quarterly event that delivers essential product updates and cutting-edge industry insights to keep customers ahead of the curve.

Sprout Social Influencer Marketing is designed to make discovering influencers and executing campaigns more efficient and intuitive. The platform provides actionable insights, makes it easier to identify and activate the right influencers, supports more effective workflows and centralizes campaign management. These features help brands scale their efforts and deliver what influencer marketing is best known for–driving unparalleled awareness and revenue.

“The growth of influencer marketing is undeniable, projected to be a $199 billion industry by 2032,” said Scott Morris, CMO of Sprout Social. “Consumers increasingly trust influencers more than brands, pushing companies to prioritize authentic, relationship-driven campaigns. Sprout equips brands with the tools and data to identify the right influencers, drive customer growth, and build lasting trust. And the results are undeniable—businesses on average earn $6.50 for every $1 spent on influencer marketing, with top campaigns delivering even greater returns.”

A 2025 Forrester Consulting Total Economic Impact™ study commissioned by Sprout found that customers leveraging Sprout Social Influencer Marketing realized, on average, time savings of 25% on discovering and managing influencers. According to Ryan Wenstrup-Moore, Social Media Manager at The Kroger Co., “Influencer marketing is a core way we reach and build meaningful relationships with our customers. Sprout Social Influencer Marketing has enabled our team to find creators who align to our values and ultimately create authentic and relatable content.”

Sprout Social will be rolling out new AI-powered features over the course of 2025 that will simplify key workflows, making it easier than ever for brands to discover, vet, and partner with the right influencers to drive increased ROI. Learn more about Sprout Social Influencer Marketing here.

About Sprout Social

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

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “explore,” “intend,” “long-term model,” “may,” “might” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “strategy,” “target,” “will,” “would,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to the success, performance, and effect on our business and customers of our product features, our market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures and customer and financial growth rates, our plans and objectives for future operations, growth, initiatives or strategies. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the forward-looking statements. These assumptions, uncertainties and risks include that, among others: we may not be able to sustain our revenue and customer growth rate in the future; price increases have and may continue to negatively impact demand for our products, customer acquisition and retention and reduce the total number of customers or customer additions; our business would be harmed by any significant interruptions, delays or outages in services from our platform, our API providers, or certain social media platforms; if we are unable to attract potential customers through unpaid channels, convert this traffic to free trials or convert free trials to paid subscriptions, our business and results of operations may be adversely affected; we may be unable to successfully enter new markets, manage our international expansion and comply with any applicable international laws and regulations; we may be unable to integrate acquired businesses or technologies successfully or achieve the expected benefits of such acquisitions and investments; unstable market and economic conditions, such as recession risks, effects of inflation, labor shortages, supply chain issues, high interest rates, and the impacts of current and potential future bank failures and impacts of ongoing overseas conflicts, could adversely impact our business and that of our existing and prospective customers, which may result in reduced demand for our products; we may not be able to generate sufficient cash to service our indebtedness; covenants in our credit agreement may restrict our operations, and if we do not effectively manage our business to comply with these covenants, our financial condition could be adversely impacted; any cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks on which we rely could negatively affect our business; and changing regulations relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information and harm our brand. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 23, 2024, as well as any future reports that we file with the SEC. Moreover, you should interpret many of the risks identified in those reports as being heightened as a result of the current instability in market and economic conditions. Forward-looking statements speak only as of the date the statements are made and are based on information available to Sprout Social at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Sprout Social assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

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

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

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

The MIL Network –

February 14, 2025
MIL-OSI: Texas Capital Recognized with Notable Industry Awards
Source: GlobeNewswire (MIL-OSI)

DALLAS, Feb. 13, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, begins the year with notable awards from Bankrate, GOBankingRates and Newsweek recognizing its excellence in financial services. These accolades highlight the firm’s commitment to providing clients with top-tier financial products and solutions, strengthening the company’s position as the premier full-service financial services firm headquartered in Texas.

Key Highlights
- Bankrate – Best Regional Bank (Two Years in a Row): For the second consecutive year, Texas Capital has been recognized by Bankrate as the Best Regional Bank, highlighting the firm’s success with its main deposit accounts and competitive APYs on its Star Money Market, High-Yield Savings Account and CD terms.
- GOBankingRates – Best Money Market Accounts (Two Years in a Row): Also, for the second consecutive year, Texas Capital’s Money Market Accounts have earned top honors from GOBankingRates, acknowledged specifically for the firm’s low monthly fees and excellent APYs.
- Newsweek – America’s Best Regional Banks and Credit Unions: Texas Capital has been recognized among America’s Best Regional Banks and Credit Unions by Newsweek for the first time, an acknowledgment of the company’s strong performance and positive customer reviews.
“As an employer of choice, the heart of our platform is our people,” said Chairman-Elect, President & CEO Rob C. Holmes. “We are honored to serve the best clients in each of our markets, and we are proud to offer a wide range of differentiated products and services that compete against the very best banks. These awards are a testament to the accomplishments of our employees in the four years since we announced our strategy to become the premier full-service financial institution headquartered in Texas.”

Award Methodology

Bankrate: Bankrate evaluated the range of deposit products offered, along with fees, minimum balance requirements, availability of competitive APYs, extent of ATM network and key digital banking features. They assigned a score to each type of account and its features, weighted them based on importance to account holders, and combined them to derive an overall score.

GOBankingRates: GOBankingRates looked at the following factors: total assets, number of branch locations, minimum deposit to open an account, APY, minimum balance needed to earn the APY, monthly fees and average mobile app ratings.

Newsweek – America’s Best Regional Banks and Credit Unions: Newsweek utilized the Texas Ratio (a measure of a bank’s credit quality) as well as reviewed profitability and net loans and leases, press coverage over the past two years, an elaborate large-scale independent customer survey of more than 71,000 U.S. citizens, 1.9 million social media reviews and 129 million Apple App store and Google Play store reviews.

ABOUT TEXAS CAPITAL
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.

The MIL Network –
February 14, 2025

MIL-OSI: Imperial Petroleum Inc. Reports Fourth Quarter and Twelve Months 2024 Financial and Operating Results

Source: GlobeNewswire (MIL-OSI)

ATHENS, Greece, Feb. 13, 2025 (GLOBE NEWSWIRE) — IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2024.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

Fleet operational utilization of 86.0% in Q4 24’ versus 68.5% in Q4 23’.
Almost 180% increase in Q4 24’ time charter days compared to Q4 23’, as two of our product tankers and one newly acquired bulk carrier were under time charter (“TC”) employment for the whole period.
For the 12M 24’ period our operational utilization was 78.3%. 69% of our fleet calendar days were dedicated to spot activity, while 29% to time charter activity.
Delivery of the product tanker, Clean Imperial on January 10, 2025. With this vessel addition, our tanker fleet totals nine ships.
Revenues of $26.2 million in Q4 24’ compared to $29.9 million in Q4 23’, representing a 12.4% decline due primarily to decreased spot market rates.
Net income of $3.9 million in Q4 24’ compared to $6.5 million in Q4 23’. In Q4 24’ we incurred a $3.3 million foreign exchange loss.
Cash and cash equivalents including time deposits of $206.7 million as of December 31, 2024, compared to $124.0 million as of December 31, 2023, representing a 66.7% increase.
For the 12M 24’ period our net income was $50.2 million, while our operating cash flow amounted to $77.7 million.
Recurring profitability and a debt-free capital structure facilitate robust cash flow generation and low breakeven points.

Fourth Quarter 2024 Results:

Revenues for the three months ended December 31, 2024 amounted to $26.2 million, a decrease of $3.7 million, or 12.4%, compared to revenues of $29.9 million for the three months ended December 31, 2023, primarily due to a decrease in the spot market rates.
Voyage expenses and vessels’ operating expenses fo r the three months ended December 31, 2024 were $8.5 million and $6.7 million, respectively, compared to $13.8 million and $5.7 million, respectively, for the three months ended December 31, 2023. The $5.3 million decrease in voyage expenses is mainly attributed to increased time charter activity leading to a decline of spot days by 10.3%. The decline in spot days along with the decrease in the Suez Canal transits compared to the same period of last year, led to decreased bunker consumption by 15.6% and lower port expenses by 44.9%. The $1.0 million increase in vessels’ operating expenses is primarily due to the increased size of our fleet by an average of 2.0 vessels between the two periods.
Drydocking costs for the three months ended December 31, 2024 and 2023 were $0.2 million and $2.5 million, respectively. This decrease is due to the fact that during the three months ended December 31, 2024, no vessel underwent drydocking and charges related only to a drydocking which took place at the end of the third quarter of 2024, while one of our suezmax tankers and one of our handysize dry vessels underwent drydocking in the fourth quarter of last year.
General and administrative costs for the three months ended December 31, 2024 and 2023 were $1.0 million and $1.2 million, respectively. This change is mainly attributed to the decrease in stock-based compensation costs.
Depreciation for the three months ended December 31, 2024 and 2023 was $4.5 million and $3.5 million, respectively. The change is attributable to the increase in the average number of vessels in our fleet.
Management fees for each of the three months ended December 31, 2024 and 2023 were $0.4 million.
Interest and finance costs for the three months ended December 31, 2024 and 2023 were $0.3 million and $0.01 million, respectively. The $0.3 million of costs for the three months ended December 31, 2024 relate mainly to accrued interest expense – related party in connection with the $14.0 million, part of the acquisition price of our bulk carrier, Neptulus, which is payable by May 2025.
Interest income for the three months ended December 31, 2024 was $2.3 million as compared to $2.0 million for the three months ended December 31, 2023. The $0.3 million increase is mainly attributed to a higher amount of funds placed under time deposits.
Foreign exchange gain/(loss) for the three months ended December 31, 2024 was a loss of $3.3 million as compared to a gain of $1.4 million for the three months ended December 31, 2023. The $3.3 million foreign exchange loss for the three months ended December 31, 2024, is mainly attributed to the decline in the euro/dollar exchange rate and to the higher amount of funds placed under time deposits in euro.
As a result of the above, for the three months ended December 31, 2024, the Company reported net income of $3.9 million, compared to net income of $6.5 million for the three months ended December 31, 2023. Dividends paid on Series A Preferred Shares amounted to $0.4 million for the three months ended December 31, 2024. The weighted average number of shares of common stock outstanding, basic, for the three months ended December 31, 2024 was 32.7 million. Earnings per share, basic and diluted, for the three months ended December 31, 2024 amounted to $0.10 and $0.10, respectively, compared to loss per share, basic and diluted, of $0.02 and $0.02, respectively, for the three months ended December 31, 2023.
Adjusted net income¹ was $4.6 million corresponding to an Adjusted EPS¹, basic of $0.12 for the three months ended December 31, 2024 compared to an Adjusted net income of $7.2 million corresponding to an Adjusted EPS, basic, of $0.01 for the same period of last year.
EBITDA¹ for the three months ended December 31, 2024 amounted to $6.4 million, while Adjusted EBITDA¹ for the three months ended December 31, 2024 amounted to $7.1 million.
An average of 11.0 vessels were owned by the Company during the three months ended December 31, 2024 compared to 9.0 vessels for the same period of 2023.

Twelve months 2024 Results:

Revenues for the twelve months ended December 31, 2024 amounted to $147.5 million, representing a decrease of $36.2 million, or 19.7%, compared to revenues of $183.7 million for the twelve months ended December 31, 2023, primarily due to softer market spot rates. As of the end of 2024, daily spot market rates were about $22,000 for standard product tankers versus $33,000 as of the end of the same period of 2023 and $30,000 for standard suezmax tankers as opposed to $60,000 as of the end of the same period of 2023.
Voyage expenses and vessels’ operating expenses for the twelve months ended December 31, 2024 were $52.0 million and $26.4 million, respectively, compared to $62.5 million and $25.6 million, respectively, for the twelve months ended December 31, 2023. The $10.5 million decrease in voyage expenses is mainly attributed to a reduction in port expenses due to decreased transits through the Suez Canal and a decrease in voyage commissions resulting from lower market rates and consequently softer revenue generation. The $0.8 million increase in vessels’ operating expenses was primarily due to the increase in the average number of vessels.
Drydocking costs for the twelve months ended December 31, 2024 and 2023 were $1.7 million and $6.6 million, respectively. This decrease is due to the fact that during the twelve months ended December 31, 2024 two tanker vessels underwent drydocking, while in the same period of last year three of our product tankers, one of our suezmax tankers and two of our drybulk carriers underwent drydocking.
General and administrative costs for each of the twelve months ended December 31, 2024 and 2023 were $4.9 million.
Depreciation for the twelve months ended December 31, 2024 was $17.0 million, a $1.4 million increase from $15.6 million for the same period of last year, mainly due to the depreciation of the vessels added in the fleet during 2024.
Management fees for the twelve months ended December 31, 2024 and 2023 were $1.7 million and $1.6 million, respectively. The increase of $0.1 million is attributable to the slight increase in the average number of vessels in our fleet.
Other operating income for the twelve months ended December 31, 2024 was $1.9 million and related to the collection of a claim in connection with repairs undertaken in prior years.
Net loss on sale of vessel/ Net gain on sale of vessel – related party for the twelve months ended December 31, 2024 was a loss of $1.6 million and related to the sale of the Aframax tanker Gstaad Grace II to a third party whereas net gain on sale of vessel for the twelve months ended December 31, 2023 was $8.2 million and related to the sale of the Aframax tanker Afrapearl II (ex. Stealth Berana) to C3is Inc., a related party.
Impairment loss for the twelve months period ended December 31, 2024 and 2023 stood at nil and $9.0 million, and related to the spin-off of two drybulk carriers to C3is Inc. in 2023. The decline of drybulk vessels’ fair values, at the time of the spin off, compared to one year before when these vessels were acquired resulted in the incurrence of impairment loss.
Interest and finance costs for the twelve months ended December 31, 2024 and 2023 were $0.4 million and $1.8 million, respectively. The $0.4 million of costs for the twelve months ended December 31, 2024 relate mainly to accrued interest expense – related party in connection with the $14.0 million, part of the acquisition price of our bulk carrier, Neptulus, which is payable by May 2025. The $1.8 million of costs for the twelve months ended December 31, 2023 related mainly to $1.3 million of interest charges incurred up to the full repayment of all outstanding loans concluded in April 2023 along with the full amortization of $0.5 million of loan related charges following the repayment of the Company’s outstanding debt.
Interest income for the twelve months ended December 31, 2024 and 2023 was $8.3 million and $5.8 million, respectively. The increase is mainly attributed to the interest earned from the time deposits held by the Company as well as the interest income – related party for the twelve months ended December 31, 2024 in connection with the $38.7 million of the sale price of the Aframax tanker Afrapearl II (ex. Stealth Berana) which was received in July 2024.
As a result of the above, the Company reported net income for the twelve months ended December 31, 2024 of $50.2 million, compared to a net income of $71.1 million for the twelve months ended December 31, 2023. The weighted average number of shares outstanding, basic, for the twelve months ended December 31, 2024 was 29.9 million. Earnings per share, basic and diluted, for the twelve months ended December 31, 2024 amounted to $1.54 and $1.40, respectively, compared to earnings per share, basic and diluted, of $3.22 and $2.93 for the twelve months ended December 31, 2023.
Adjusted Net Income was $55.1 million corresponding to an Adjusted EPS, basic of $1.70 for the twelve months ended December 31, 2024 compared to adjusted net income of $74.4 million, corresponding to an Adjusted EPS, basic of $3.39 for the same period of last year.
EBITDA for the twelve months ended December 31, 2024 amounted to $59.2 million while Adjusted EBITDA for the twelve months ended December 31, 2024 amounted to $64.2 million.
An average of 10.4 vessels were owned by the Company during the twelve months ended December 31, 2024 compared to 10.0 vessels for the same period of 2023.
As of December 31, 2024, cash and cash equivalents including time deposits amounted to $206.7 million and total bank debt amounted to nil.

¹ EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are non-GAAP measures. Refer to the reconciliation of these measures to the most directly comparable financial measure in accordance with GAAP set forth later in this release. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below.

Fleet Employment Table

As of February 13, 2025, the profile and deployment of our fleet is the following:

Name

Year
Built

Country
Built

Vessel Size
(dwt)

Vessel
Type

Employment
Status

Expiration of
Charter(1)

Tankers

Magic Wand

2008

Korea

47,000

MR product tanker

Spot

Clean Thrasher

2008

Korea

47,000

MR product tanker

Time Charter

May 2025

Clean Sanctuary (ex. Falcon Maryam)

2009

Korea

46,000

MR product tanker

Spot

Clean Nirvana

2008

Korea

50,000

MR product tanker

Spot

Clean Justice

2011

Japan

46,000

MR product tanker

Time Charter

August 2027

Aquadisiac

2008

Korea

51,000

MR product tanker

Spot

Clean Imperial

2009

Korea

40,000

MR product tanker

Time Charter

January 2026

Suez Enchanted

2007

Korea

160,000

Suezmax tanker

Spot

Suez Protopia

2008

Korea

160,000

Suezmax tanker

Spot

Drybulk Carriers(2)

Eco Wildfire

2013

Japan

33,000

Handysize drybulk

Time Charter

February 2025

Glorieuse

2012

Japan

38,000

Handysize drybulk

Time Charter

February 2025

Neptulus

2012

Japan

33,000

Handysize drybulk

Time Charter

March 2025

Fleet Total

751,000 dwt

(1) Earliest date charters could expire.
(2) We have contracted to acquire seven Japanese built drybulk carriers, aggregating approximately 443,000 dwt, which are expected to be delivered to us between February 2025 and May 2025.

CEO Harry Vafias Commented

For yet another year Imperial Petroleum demonstrated exceptional results; we continued to be consistent with profitability, cash flow generation and fleet growth across the quarters. Market conditions in 2024 were somewhat softer than 2023 when tanker rates oscillated around all time high levels. Nevertheless, our debt free fleet of eleven vessels managed to generate $50 million of profit and maintain an enviable cash base of $207 million. In the period ahead our key focus is to materialize our already announced fleet growth plans, sustain our profitable momentum and as always, seek opportunities to enhance the value of our Company.

Conference Call details:

On February 13, 2025 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

Online Registration:

Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.

https://register.vevent.com/register/BI127dcd86b3bd4efc8d71152e3b8a8800

Slides and audio webcast:

There will also be a live and then archived webcast of the conference call, through the IMPERIAL PETROLEUM INC. website (www.ImperialPetro.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

About IMPERIAL PETROLEUM INC.

IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of twelve vessels on the water – seven M.R. product tankers, two suezmax tankers and three handysize drybulk carriers – with a total capacity of 751,000 deadweight tons (dwt), and has contracted to acquire an additional seven drybulk carriers of 443,000 dwt aggregate capacity. Following these deliveries, the Company’s fleet will count a total of 19 vessels. IMPERIAL PETROLEUM INC.’s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols “IMPP” and “IMPPP,” respectively.

Forward-Looking Statements

Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although IMPERIAL PETROLEUM INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, IMPERIAL PETROLEUM INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, geopolitical conditions, including any trade disruptions resulting from tariffs imposed by the United States or other countries, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, changes in IMPERIAL PETROLEUM INC’s operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, the conflicts in the Middle East, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden or accidents and political events or acts by terrorists.

Risks and uncertainties are further described in reports filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange Commission.

Fleet List and Fleet Deployment
For information on our fleet and further information:
Visit our website at www.ImperialPetro.com

Company Contact:
Fenia Sakellaris
IMPERIAL PETROLEUM INC.
E-mail: info@ImperialPetro.com

Fleet Data:
The following key indicators highlight the Company’s operating performance during the periods ended December 31, 2023 and 2024.

FLEET DATA	Q4 2023		Q4 2024		12M 2023		12M 2024
Average number of vessels (1)	9.00		11.00		10.00		10.39
Period end number of owned vessels in fleet	9		11		9		11
Total calendar days for fleet (2)	828		1,012		3,650		3,801
Total voyage days for fleet (3)	789		1,010		3,481		3,700
Fleet utilization (4)	95.3	%	99.8	%	95.4	%	97.3	%
Total charter days for fleet (5)	160		446		1,058		1,092
Total spot market days for fleet (6)	629		564		2,423		2,608
Fleet operational utilization (7)	68.5	%	86.0	%	75.1	%	78.3	%

1) Average number of vessels is the number of owned vessels that constituted our fleet for the relevant period, as measured by the sum of the number of days each vessel was a part of our fleet during the period divided by the number of calendar days in that period.
2) Total calendar days for fleet are the total days the vessels we operated were in our possession for the relevant period including off-hire days associated with major repairs, drydockings or special or intermediate surveys.
3) Total voyage days for fleet reflect the total days the vessels we operated were in our possession for the relevant period net of off-hire days associated with major repairs, drydockings or special or intermediate surveys.
4) Fleet utilization is the percentage of time that our vessels were available for revenue generating voyage days, and is determined by dividing voyage days by fleet calendar days for the relevant period.
5) Total charter days for fleet are the number of voyage days the vessels operated on time or bareboat charters for the relevant period.
6) Total spot market charter days for fleet are the number of voyage days the vessels operated on spot market charters for the relevant period.
7) Fleet operational utilization is the percentage of time that our vessels generated revenue, and is determined by dividing voyage days excluding commercially idle days by fleet calendar days for the relevant period.

Reconciliation of Adjusted Net Income, EBITDA, adjusted EBITDA and adjusted EPS:

Adjusted net income represents net income before impairment loss, net (gain)/loss on sale of vessel and share based compensation. EBITDA represents net income before interest and finance costs, interest income and depreciation. Adjusted EBITDA represents net income before interest and finance costs, interest income, depreciation, impairment loss, net (gain)/loss on sale of vessel and share based compensation.
Adjusted EPS represents Adjusted net income attributable to common shareholders divided by the weighted average number of shares. EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are not recognized measurements under U.S. GAAP. Our calculation of EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS may not be comparable to that reported by other companies in the shipping or other industries. In evaluating Adjusted EBITDA, Adjusted net income and Adjusted EPS, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation.

EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are included herein because they are a basis, upon which we and our investors assess our financial performance. They allow us to present our performance from period to period on a comparable basis and provide investors with a means of better evaluating and understanding our operating performance.

(Expressed in United States Dollars, except number of shares)	Third Quarter Ended December 31st,				Twelve Months Period Ended December 31st,
	2023		2024		2023		2024
Net Income – Adjusted Net Income
Net income	6,463,943		3,917,661		71,134,002		50,157,772
Less/Plus net (gain)/loss on sale of vessel	—		—		(8,182,777	)	1,589,702
Plus impairment loss	—		—		8,996,023		—
Plus share based compensation	752,407		665,062		2,434,855		3,397,082
Adjusted Net Income	7,216,350		4,582,723		74,382,103		55,144,556

Net income – EBITDA
Net income	6,463,943		3,917,661		71,134,002		50,157,772
Plus interest and finance costs	11,139		276,622		1,821,908		398,320
Less interest income	(2,004,611	)	(2,268,975	)	(5,833,756	)	(8,305,517	)
Plus depreciation	3,485,073		4,466,447		15,629,116		16,991,900
EBITDA	7,955,544		6,391,755		82,751,270		59,242,475

Net income – Adjusted EBITDA
Net income	6,463,943		3,917,661		71,134,002		50,157,772
Less/Plus net (gain)/loss on sale of vessel	—		—		(8,182,777	)	1,589,702
Plus impairment loss	—		—		8,996,023		—
Plus share based compensation	752,407		665,062		2,434,855		3,397,082
Plus interest and finance costs	11,139		276,622		1,821,908		398,320
Less interest income	(2,004,611	)	(2,268,975	)	(5,833,756	)	(8,305,517	)
Plus depreciation	3,485,073		4,466,447		15,629,116		16,991,900
Adjusted EBITDA	8,707,951		7,056,817		85,999,371		64,229,259

EPS
Numerator
Net income	6,463,943		3,917,661		71,134,002		50,157,772
Less: Cumulative dividends on preferred shares	(462,225	)	(435,246	)	(2,130,254	)	(1,740,983	)
Less: Undistributed earnings allocated to non-vested shares	—		(122,899	)	(2,508,399	)	(2,311,172	)
Less: Deemed dividend from the conversion of the Series C Preferred Shares	(6,507,789	)	—		(6,507,789	)	—
Net (loss)/ income attributable to common shareholders, basic	(506,071	)	3,359,516		59,987,560		46,105,617
Denominator
Weighted average number of shares	23,566,153		32,729,505		18,601,539		29,933,920
EPS – Basic	(0.02	)	0.10		3.22		1.54

Adjusted EPS
Numerator
Adjusted net income	7,216,350		4,582,723		74,382,103		55,144,556
Less: Cumulative dividends on preferred shares	(462,225	)	(435,246	)	(2,130,254	)	(1,740,983	)
Less: Undistributed earnings allocated to non-vested shares	(12,908	)	(146,370	)	(2,638,768	)	(2,549,216	)
Less: Deemed dividend from the conversion of the Series C Preferred Shares	(6,507,789	)	—		(6,507,789	)	—
Adjusted net income attributable to common shareholders, basic	233,428		4,001,107		63,105,292		50,854,357

Denominator
Weighted average number of shares	23,566,153		32,729,505		18,601,539		29,933,920
Adjusted EPS, Basic	0.01		0.12		3.39		1.70

Imperial Petroleum Inc.
Unaudited Consolidated Statements of Income
(Expressed in United States Dollars, except for number of shares)

	Quarters Ended December 31,				Twelve Month Periods Ended December 31,
	2023		2024		2023		2024

Revenues
Revenues	29,881,814		26,211,665		183,725,820		147,479,980

Expenses
Voyage expenses	13,470,678		8,122,190		60,276,962		50,168,529
Voyage expenses – related party	348,535		338,262		2,253,979		1,856,361
Vessels’ operating expenses	5,541,258		6,561,878		25,295,851		26,044,734
Vessels’ operating expenses – related party	117,500		89,500		346,583		328,000
Drydocking costs	2,454,960		195,418		6,551,534		1,691,361
Management fees – related party	364,320		445,280		1,606,440		1,672,440
General and administrative expenses	1,173,120		994,777		4,934,468		4,894,070
Depreciation	3,485,073		4,466,447		15,629,116		16,991,900
Other operating income	—		—		—		(1,900,000	)
Impairment loss	—		—		8,996,023		—
Net gain on sale of vessel – related party	—		—		(8,182,777	)	—
Net loss on sale of vessel	—		—		—		1,589,702
Total expenses	26,955,444		21,213,752		117,708,179		103,337,097

Income from operations	2,926,370		4,997,913		66,017,641		44,142,883

Other (expenses)/income
Interest and finance costs	(11,139	)	(3,508	)	(1,821,908	)	(16,269	)
Interest expense – related party	—		(273,114	)	—		(382,051	)
Interest income	1,260,971		2,268,975		4,470,396		6,668,877
Interest income – related party	743,640		—		1,363,360		1,636,640
Dividend income from related party	191,667		191,667		404,167		762,500
Foreign exchange gain/(loss)	1,352,434		(3,264,272	)	700,346		(2,654,808	)
Other income/(expenses), net	3,537,573		(1,080,252	)	5,116,361		6,014,889

Net Income	6,463,943		3,917,661		71,134,002		50,157,772

Earnings per share
– Basic	(0.02	)	0.10		3.22		1.54
– Diluted	(0.02	)	0.10		2.93		1.40

Weighted average number of shares
-Basic	23,566,153		32,729,505		18,601,539		29,933,920
-Diluted	23,566,153		34,704,542		22,933,671		33,008,816

Imperial Petroleum Inc.
Unaudited Consolidated Balance Sheets
(Expressed in United States Dollars)

	December 31,		December 31,
	2023		2024

Assets
Current assets
Cash and cash equivalents	91,927,512		79,783,531
Time deposits	32,099,810		126,948,481
Receivables from related parties	37,906,821		—
Trade and other receivables	13,498,813		13,456,083
Other current assets	302,773		652,769
Inventories	7,291,123		7,306,356
Advances and prepayments	161,937		250,562
Total current assets	183,188,789		228,397,782

Non current assets
Operating lease right-of-use asset	—		78,761
Vessels, net	180,847,252		208,230,018
Investment in related party	12,798,500		12,798,500
Total non current assets	193,645,752		221,107,279
Total assets	376,834,541		449,505,061

Liabilities and Stockholders’ Equity
Current liabilities
Trade accounts payable	8,277,118		5,243,872
Payable to related parties	2,324,334		18,725,514
Accrued liabilities	3,008,500		3,370,020
Operating lease liability, current portion	—		78,761
Deferred income	919,116		1,419,226
Total current liabilities	14,529,068		28,837,393

Total liabilities	14,529,068		28,837,393

Commitments and contingencies

Stockholders’ equity
Common stock	332,573		382,755
Preferred Stock, Series A	7,959		7,959
Preferred Stock, Series B	160		160
Treasury stock	(5,885,727	)	(8,390,225	)
Additional paid-in capital	270,242,635		282,642,357
Retained earnings	97,607,873		146,024,662
Total stockholders’ equity	362,305,473		420,667,668
Total liabilities and stockholders’ equity	376,834,541		449,505,061

Imperial Petroleum Inc.
Unaudited Consolidated Statements of Cash Flows
(Expressed in United States Dollars

	Twelve Month Periods Ended December 31,
	2023		2024

Cash flows from operating activities
Net income for the year	71,134,002		50,157,772

Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation	15,629,116		16,991,900
Amortization of deferred finance charges	474,039		—
Non – cash lease expense	62,609		71,237
Share based compensation	2,434,855		3,397,082
Impairment loss	8,996,023		—
Net gain on sale of vessel – related party	(8,182,777	)	—
Net loss on sale of vessel	—		1,589,702
Unrealized foreign exchange (gain)/loss on time deposits	(426,040	)	1,983,810
Dividend income from related party	(404,167	)	—

Changes in operating assets and liabilities:
(Increase)/decrease in
Trade and other receivables	(6,477,912	)	42,730
Other current assets	(62,771	)	(349,996	)
Inventories	(1,908,513	)	(15,233	)
Changes in operating lease liabilities	(62,609	)	(71,237	)
Advances and prepayments	(181,990	)	(88,625	)
Due from related parties	(2,940,967	)	2,206,821
Increase/(decrease) in
Trade accounts payable	118,523		(2,173,926	)
Due to related parties	—		3,091,759
Accrued liabilities	1,383,841		361,520
Deferred income	(54,903	)	500,110
Net cash provided by operating activities	79,530,359		77,695,426

Cash flows from investing activities
Dividends income received	241,667		—
Proceeds from sale of vessel, net	3,865,890		41,153,578
Acquisition and improvement of vessels	(28,145,103	)	(74,672,266	)
Increase in bank time deposits	(167,501,480	)	(247,603,451	)
Maturity of bank time deposits	203,827,710		150,770,970
Proceeds from seller financing	—		35,700,000
Net cash provided by/(used in) investing activities	12,288,684		(94,651,169	)

Cash flows from financing activities
Proceeds from exercise of stock options	—		475,000
Proceeds from equity offerings	29,070,586		—
Proceeds from warrants exercise	—		8,600,000
Stock issuance costs	(1,492,817	)	—
Issuance costs on warrants exercise	—		(22,178	)
Stock repurchase	(5,885,727	)	(2,504,498	)
Warrants repurchase	(1,521,738	)	—
Dividends paid on preferred shares	(2,130,254	)	(1,736,562	)
Loan repayments	(70,438,500	)	—
Cash retained by C3is Inc. at spin-off	(5,000,000	)	—
Net cash (used in)/provided by financing activities	(57,398,450	)	4,811,762

Net increase/(decrease) in cash and cash equivalents	34,420,593		(12,143,981	)
Cash and cash equivalents at beginning of year	57,506,919		91,927,512
Cash and cash equivalents at end of year	91,927,512		79,783,531
Cash breakdown
Cash and cash equivalents	91,927,512		79,783,531
Total cash and cash equivalents shown in the statements of cash flows	91,927,512		79,783,531

The MIL Network –

February 14, 2025

MIL-OSI: Changelly Celebrates Major Expansion: 1,000 Cryptocurrencies Now Available with Zero-Fee Valentine’s Promotion

Source: GlobeNewswire (MIL-OSI)

KINGSTOWN, St. Vincent and the Grenadines, Feb. 13, 2025 (GLOBE NEWSWIRE) — Changelly, an instant cryptocurrency exchange platform, marks two major milestones: expanding its cryptocurrency support to 1,000 coins across 185 blockchain networks. To celebrate these achievements, the platform is launching a Valentine’s-themed promo campaign offering zero-fee trades and a chance to win 1,000 USDT.

40% Growth in Crypto Assets Coverage
This growth in supported assets provides millions of Changelly’s users across all platforms with more options to exchange and buy cryptocurrencies. Changelly supports established coins and emerging digital assets across an expanded network of blockchain protocols to serve crypto enthusiasts with diverse portfolio needs.

“We’re thrilled to announce this remarkable expansion in our supported assets,” said Zifa Mae, Head of Product at Changelly. “By increasing our cryptocurrency coverage by over 40% and adding 15 more blockchain networks, we’re ensuring our users have access to an even wider range of opportunities to expand and diversify their portfolios.”

In addition to expanding its cryptocurrency offerings, Changelly has grown its partner network to over 600 companies, up from 500. These partnerships enable millions of users to access instant exchange and fiat on-/off-ramp functionality through Changelly’s APIs, making cryptocurrency transactions more accessible and convenient to a wider range of people and driving the mass adoption of crypto.

This is Love at First Swap
Changelly is announcing its “Love at First Swap” campaign, from February 13 to February 23, 2025, to celebrate these achievements. During this period, both new and existing mobile app users can enjoy 0% service fees on swaps of any of the 1,000 available coins and have a chance to win 1,000 USDT in any digital currency available on the platform. To participate, users simply need to download the Changelly mobile app and use the promo code “1KCRYPTO” when making their swaps.

Users can learn more about the campaign in the Changelly blog article.

About Changelly
Changelly is a global instant crypto exchange platform serving over 7 million users worldwide. Founded in 2015, Changelly offers safe and fast crypto-to-crypto and fiat-to-crypto exchanges of over 1,000 crypto coins across 185 blockchains with 24/7 live customer support. As a CeDeFi ecosystem, Changelly provides its 600+ partners with instant exchange and fiat on-/off-ramp APIs, a platform for listing, and a DEX aggregator for decentralized swaps.

Changelly is available on the desktop (website), iOS (App Store), and Android (Google Play).

Head of Marketing & PR
Ashley Vancouver
Changelly
pr@changelly.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eff43a95-db72-44a5-a0ef-142694340bec

The MIL Network –

February 14, 2025
MIL-OSI: Sale of LNGC Golar Arctic Marks Golar’s Exit From LNG Shipping Segment

Source: GlobeNewswire (MIL-OSI)

Golar LNG Limited (“Golar”) announces today that it has executed agreements to sell the 2003 built steam turbine LNG carrier, Golar Arctic. The sale price for the vessel is USD 24 million before transaction related expenses. The LNG carrier is unencumbered. The transaction is expected to close, and the vessel is to be handed over to its new owner, within Q1 2025. The Golar Arctic is the last LNG carrier in the Golar fleet. Following the vessel sale, Golar will have fully exited its legacy shipping business.

The LNG carrier Fuji LNG discharged its final cargo as an LNG carrier in January 2025, and has now arrived in China preparing to enter CIMC shipyard for conversion into a MKII FLNG later this month.

Golar CEO Karl Fredrik Staubo commented: “The sale of the Golar Arctic marks the conclusion of Golar’s planned exit from the LNG shipping segment, 50 years after taking delivery of our first LNG carrier in 1975. Over the last 50 years LNG shipping has been the foundation for Golar’s pioneering maritime LNG infrastructure advances, including FSRUs and FLNGs. Golar’s transition into a focused FLNG infrastructure company is now complete. We look forward to expanding our market leading FLNG position.”

FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management’s current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” “subject to” or the negative of these terms and similar expressions are intended to identify such forward-looking statements.

These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.

Hamilton, Bermuda
February 13, 2025

Investor Questions: +44 207 063 7900
Karl Fredrik Staubo – CEO
Eduardo Maranhão – CFO
Stuart Buchanan – Head of Investor Relations

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

The MIL Network –

February 14, 2025
MIL-OSI: Military Billion Dollar Drone Market Expecting Substantial Growth Opportunity as Usage Skyrockets

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., Feb. 13, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The Military Drone Market is expected to see substantial growth in the coming years. A recent report from Straits Research. Said that the global military drone market size was valued at USD 21.81 billion in 2024 and is expected to grow from USD 24.25 billion in 2025 to reach USD 56.69 billion by 2033, growing at a CAGR of 11.20% during the forecast period (2025-2033). The report said: “A military drone, also known as an unmanned aerial vehicle (UAV), is a type of aircraft that operates without a human pilot on board. These drones are equipped with advanced technologies for surveillance, reconnaissance, intelligence gathering, and, in some cases, targeted strikes. Military drones are used extensively in modern warfare for a variety of roles, including combat, surveillance, logistical support, and search-and-rescue missions. The global market is experiencing rapid growth, driven by technological advancements and increasing global demand for enhanced surveillance, intelligence, and reconnaissance capabilities. As nations recognize the strategic advantages of unmanned aerial systems (UAS) in military operations, drones are increasingly deployed in both combat and non-combat roles. This expansion is further supported by rising defense budgets, particularly in regions such as Asia-Pacific, Europe, and the Middle East. Despite the promising growth, there are significant challenges facing the global market, including complex regulatory issues and ethical concerns surrounding the use of autonomous weapons. However, innovations in artificial intelligence (AI), miniaturization, and battery life are expected to open new growth opportunities, enabling more advanced, efficient, and versatile drone capabilities in the near future.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), AgEagle Aerial Systems Inc. (NYSE: UAVS), EHang Holdings Limited (NASDAQ: EH), Vertical Aerospace (NYSE: EVTL), The Boeing Company (NYSE: BA).

Straits Research continued: “Geopolitical tensions, especially in regions like Asia-Pacific, the Middle East, and Eastern Europe, are driving a significant demand for military drones. As nations seek to strengthen their surveillance, intelligence, and tactical capabilities, military drones have become integral to modern defense strategies. For example, the Indo-Pacific region increasingly views drones as vital for maintaining a strategic balance in contested areas. Similarly, Russia’s actions in Ukraine have highlighted the tactical advantages of drones, prompting Eastern European nations near the conflict zone to prioritize drone investments to enhance border security and ensure readiness in case of escalations.

ZenaTech (NASDAQ:ZENA) ZenaDrone Subsidiary Develops and Tests Proprietary Drone Communications System Enabling Secure and Reliable Communications for US Defense Applications – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that its subsidiary ZenaDrone has developed and is currently testing a proprietary drone communications management system called “DroneNet” that enables direct and secure drone communications in situations without reliable internet, cellular or satellite communications. The internally developed system is specifically built for use with the Company’s ZenaDrone 1000 and IQ series of drone products. A drone communications system is a two-way link between a drone and its base station used to direct the drone and relay real-time drone video and sensor data.

“We believe our proprietary DroneNet communications system will improve both the reliability and performance of our drones ensuring we are not dependent on third-party products with compatibility issues. This internal development ensures we gain more customization of our products, cost management, and control of our supply chain, all of which results in what we believe to be superior drone solutions. Once we’ve tested this initial version, our plan for future advancements includes developing and testing our own microchips with multilayer encryption suitable for NDAA-compliant use required for US Defense applications,” said CEO Shaun Passley, Ph.D.

Drones used by the military for intelligence, surveillance and reconnaissance applications require reliable communications systems for uninterrupted data transmission, mission effectiveness, and operational security. Drones must relay real-time video, sensor data, and telemetry to command centers, allowing defense operators to make time-sensitive decisions. This is especially critical for Beyond Visual Line of Sight (BVLOS) operations, where drones operate over longer distances often in harsh or contested environments. Without secure and resilient communications links, drones risk losing control, can face signal jamming, or data latency, which can compromise mission success. Advanced proprietary communication solutions, using satellite and 4G help ensure connectivity in GPS-denied or high-interference environments and can safeguard data against jamming and cyber threats.

The ZenaDrone 1000 is an autonomous drone, in a VTOL (Vertical Takeoff and Landing) quadcopter design with eight rotors; it is considered a medium-sized drone measuring 12X7 feet in size. It is designed for stable flight, maneuverability, heavy lift capabilities up to 40 kilos, incorporating innovative software technology, AI, sensors, and purpose-built attachments, along with compact and rugged hardware engineered for industrial and defense use. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

Other recent developments in the markets include:

AgEagle Aerial Systems Inc. (NYSE: UAVS) recently announced it recently completed a successful demonstration of its eBee VISION Intelligence Safety and Reconnaissance (ISR) UAS platform for key officials of the U.S. Department of Defense (DOD).

AgEagle CEO Bill Irby commented, “As we continue to expand our presence in the defense sector, this demonstration underscores AgEagle’s commitment to delivering innovative UAV solutions that meet the rigorous demands of diverse military applications. By providing enhanced intelligence, surveillance, and reconnaissance capabilities, the eBee VISION ensures our defense customers have the operational efficiency and situational awareness information they require for mission success.”

EHang Holdings Limited (NASDAQ: EH) recently announced the launch of its Exhibition (Experience) Center in Shenzhen’s Luohu Sports and Leisure Park. It is the world’s first EH216-S takeoff and landing site featuring a fully automated vertical lift vertiport. It also marks a new smart infrastructure in Shenzhen dedicated to the commercial operations of the EH216-S pilotless passenger-carrying aerial vehicle, establishing a groundbreaking model for electric vertical takeoff and landing (“eVTOL”) aircraft operations in urban areas.

The Luohu UAM Center, designed by EHang, boasts an automated three-dimensional vertical lift vertiport. This innovative facility reduces labor costs and optimizes space usage through its automated operations. The Luohu UAM Center, spanning approximately 753 square meters, has brought this advanced design to life. The first floor is dedicated to a hangar and boarding area, providing passengers with a seamless and comfortable experience. The integrated takeoff and landing pad with the hangar enables rapid charging, thereby streamlining flight operations. During the launch ceremony on January 21, an EH216-S aircraft was lifted from the first to the second floor by the vertical lift platform. It then took to the skies, completing a lap over the Luohu Sports and Leisure Park before landing smoothly, marking its first flight at the Luohu UAM Center. The demonstration received widespread acclaim from attendees.

Vertical Aerospace (NYSE: EVTL) has successfully completed the second stage of piloted thrustborne testing of its full scale VX4 prototype. The company is now preparing for a new chapter in its history, with the VX4 entering the penultimate phase of flight testing: wingborne flight. This phase will mark a defining moment in the VX4’s development, pushing beyond the limits of the secure airspace of Cotswold Airport’s airfield and into real-world operating conditions for the first time.

During Phase 2, the aircraft completed over thirty piloted test flights. Flight tests included completing successful hover and low speed flight maneuvers, as well as executing handling and performance procedures including roll, yaw, and spot-turns.

Shift5, the observability platform for onboard operational technology, and The Boeing Company (NYSE: BA) have recently entered into a global strategic reseller partnership to offer Shift5’s Compliance Module to automate Aircraft Network Security Program (ANSP) compliance efforts for commercial and civil aviation operators. The partnership will drastically reduce the time and manual effort required by maintenance and security teams to identify and report anomalies in onboard data in e-enabled aircraft, allowing them to address credible cyber threats and potential safety issues to improve the safety and operations of fleets.

Federal Aviation Administration’s (FAA) guidelines in Advisory Circular (AC) 119-1 and European Union Aviation Safety Agency’s (EASA) guidelines in Common Requirements Regulation (EU) 2017/373 and the Single European Sky Framework require operators flying connected or e-enabled aircraft with advanced connectivity capabilities to create an ANSP to ensure their safety, integrity, and reliability are in alignment with regulatory standards.

About FN Media Group:
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DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty four hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:
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SOURCE: FN Media Group

The MIL Network –

February 14, 2025
MIL-OSI Video: SecDef Pete Hegseth delivers opening remarks at the 26th UDCG meeting in Brussels, Feb. 12, 2025

Source: United States Department of Defense (video statements)

Secretary of Defense Pete Hegseth delivers opening remarks at the 26th Ukraine Defense Contact Group meeting in Brussels, Feb. 12, 2025
—————
Your military is an all-volunteer force that serves to protect our security and way of life, but Service members are more than a fighting force. They are leaders, humanitarians and your fellow Americans. Get to know more about the men and women who serve, who they are, what they do, and why they do it.

For more on the Department of Defense, visit: http://www.defense.gov
—————
Keep up with the Department of Defense on social media!

Like the DoD on Facebook: http://facebook.com/DeptofDefense
Follow the DoD on Twitter: http://twitter.com/DeptofDefense
Follow the DoD on Instagram: http://instagram.com/DeptofDefense
Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

https://www.youtube.com/watch?v=Hadw9YOCBrk

MIL OSI Video –

February 14, 2025
MIL-OSI Security: Defense News: Navy Week Charts Course to Tucson February 17-23

Source: United States Navy

This year’s Tucson Navy Week holds special significance as it coincides with the U.S. Navy’s 250th birthday — a historic milestone celebrating a quarter-millennium of maritime excellence, national security and global leadership.

“As we celebrate 250 years of naval tradition and excellence as a maritime nation, we recognize it’s the combination of the world’s most sophisticated weapons systems, and more importantly our highly skilled people – at sea and ashore – who provide an unmatched advantage in promoting prosperity and security, deterring aggression, and protecting the American way of life,” said Cmdr. Julie Holland, Navy Office of Community Outreach director. “Your Sailors continue a tradition of decisive power from seabed to space and we’re thrilled to bring them to Tucson so you can witness their treendous character, competence, and dedication firsthand.”

Tucson Navy Week is one of 15 Navy Weeks in 2025, which brings a variety of assets, equipment, and personnel to a single city for a weeklong series of engagements designed to bring America’s Navy closer to the people it protects. Each year, the program reaches more than 140 million people — about half the U.S. population.

During Tucson Navy Week, more than 50 Sailors, to include those with direct ties to Tucson, will engage in education and community outreach events throughout the city.

“Participating in Tucson Navy Week is important to me because it brings me back to where it all started,” said U.S. Navy Lt. Cmdr. Daniel Sherman, from the city of Tucson, assigned to Naval Information Force Reserve. “Growing up in Tucson, we went to air shows and had a ton of exposure to the Air Force, which is world-class in many respects, but young men and women from Arizona need to know the Navy provides opportunities and experiences that simply cannot be matched by other services. I want to tell them about it firsthand.”

Tucson Navy Week events include a Navy Week proclamation and recognition ceremony at the Arizona Heroes Memorial; Discovery Night at the Children’s Museum; Navy Day at the Reid Park Zoo; 100th La Fiesta de los Vaqueros Tucson Rodeo; the Pima Air and Space Museum; and free live music at venues throughout the city performed by Navy Band Southwest. Sailors will also volunteer with organizations such as Boys & Girls Clubs; Therapeutic Ranch for Animals and Kids (TRAK); StandUp for Kids; YMCA; Habitat for Humanity; Market on the Move; GAP Ministries; Community Food Bank of Southern Arizona; and Tucson Bicycle Classic, among others.

Tucson Navy Week senior executive, Vice Adm. James Pitts, Deputy Chief of Naval Operations for Warfighting Requirements and Capabilities, Office of the Chief of Naval Operations, will participate in community engagements and meet with local businesses, civic, education, and government leaders.

Other Navy Week Sailors include those from the Los Angeles-class fast-attack submarine USS Tucson (SSN 770), Virginia-class fast-attack submarine pre-commissioning unit USS Arizona (SSN 803), Independence-class littoral combat ship USS Gabrielle Giffords (LCS 10), USS Constitution, Naval Talent Acquisition Group Phoenix, U.S. Navy Ceremonial Guard, Construction Battalion Maintenance Unit 303, Naval History and Heritage Command, Navy Band Southwest, Fleet Numerical Meteorology and Oceanography Center, Vietnam War Commemoration, Navy eSports, U.S. Fleet Forces Command, and The Strike Group virtual reality activation.

Media organizations wishing to cover Tucson Navy Week events, to include interviewing hometown heroes and the senior Navy executive, should contact Ensign Jordyn Diomede at (901) 232-4450 or jordyn.s.diomede.mil@us.navy.mil.

Stories featuring Sailors from the Tucson area:

Lt. Cmdr. Daniel Sherman – 2000 Tucson Accelerated High School graduate

https://navyoutreach.blogspot.com/2025/02/tucson-accelerated-high-alum-returns.html

Lt. j.g. Gina Gulli – 2018 Cienega High School graduate

https://navyoutreach.blogspot.com/2025/02/cienega-high-alum-returns-home-for.html

Petty Officer 2nd Class Mason Bricker – 2020 Amphitheater High School graduate

https://navyoutreach.blogspot.com/2025/02/amphitheater-high-alum-returns-home-for.html

Petty Officer 2nd Class Abrianna Thompson – 2015 Buena High School graduate

https://navyoutreach.blogspot.com/2025/02/sierra-vista-native-returns-home-for.html

For a list of public events, visit https://outreach.navy.mil/Navy-Weeks/Tucson-2025/

Follow Navy Outreach on social media:

About Navy Week:

Navy Weeks are a series of outreach events coordinated by the Navy Office of Community Outreach designed to give Americans an opportunity to learn about the Navy, its people, and its importance to national security and prosperity. Since 2005, the Navy Week program has brought the Navy’s mission, people, and capabilities to hundreds of communities nationwide, inspiring new generations and strengthening the bonds between the Navy and the American people.

MIL Security OSI –

February 14, 2025

Series	RIKV 25 0521	RIKV 25 0820
ISIN	IS0000036986	IS0000037216
Maturity Date	05/21/2025	08/20/2025
Auction Date	02/17/2025	02/17/2025
Settlement Date	02/19/2025	02/19/2025

Category: Business

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IMF Communications Department

MEDIA RELATIONS

Leader of the Council Cllr Bev Craig said: