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Category: Business

  • MIL-OSI: Siebert Financial Launches Investment Banking Division, Adding Industry Leaders Kimberly Boulmetis and Ajay Asija as Co-Heads

    Source: GlobeNewswire (MIL-OSI)

    MIAMI and NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — Siebert Financial Corp. (NASDAQ: SIEB) has launched Siebert Investment Banking, a strategic expansion designed to serve middle-market clients often overlooked by larger financial institutions. Leading this new division are Kimberly Boulmetis and Ajay Asija, two seasoned professionals with extensive experience in capital markets, M&A, and financial advisory services.

    Siebert Investment Banking will initially focus on providing tailored solutions for underserved companies in financial services in FinTech, depository, and specialty finance, expanding the practice into blockchain and digital assets and building additional verticals over time. In addition to the existing institutional distribution channels, the new division will be able to leverage Siebert’s extensive retail distribution network. The firm is uniquely positioned to provide certainty of execution in equity and debt financings while offering a client-centric, transparent business model that attracts top banking talent.

    John J. Gebbia Sr., CEO of Siebert Financial, emphasized the firm’s strategic vision. “Investment banking is a natural extension of Siebert’s commitment to providing best-in-class financial solutions to its clients. Kimberly and Ajay bring the expertise and leadership necessary to develop a strong platform, serving a vital market segment.”

    Asija and Boulmetis’ appointment strategically complements the recent expansion of the firm with the Capital Markets Group, led by Randy Billhardt complementing Siebert’s existing strengths.

    Ajay Asija, bringing over 25 years of experience in investment banking, has advised on over $90 billion in transactions throughout his career at firms including Lehman Brothers, J.P. Morgan, Bear Stearns, and B. Riley. Most recently, he served as CFO of BM Technologies, a publicly traded FinTech company, orchestrating its successful sale to First Carolina Bank. His M&A and strategic financial advisory expertise make him a key driver in Siebert’s expansion.

    “The middle market deserves the same level of expertise and execution as larger firms,” said Asija. “Siebert’s platform offers the ideal foundation to deliver trusted high-quality advisory services to clients who need them most.”

    With over 25 years of experience in debt capital markets and financial institutions advisory, Kimberly Boulmetis most recently was the head of U.S. Financial Institutions for the DCM Group at Mitsubishi UFJ Financial Group (MUFG) where she was responsible for covering a broad roster of financial institution clients – including banks, insurance companies, asset management firms, private equity sponsors, business development companies (BDCs) and closed-end funds.  She has a deep knowledge of markets, providing her clients with innovative strategic and financing solutions in both public & private markets. One of her major areas of focus is helping ’40 Act companies, specifically BDCs and Closed-End Funds, optimize their cost of capital.

    “I am so excited to join Siebert, a firm that was originally founded by Muriel Siebert, a true trailblazer, with current leadership that honors her legacy with incredible focus, drive, and the desire to continue to strategically enhance the firm for our clients’ benefit,” said Boulmetis. “Siebert’s current platform, coupled with the areas that the firm is building out, will allow Randy, Ajay & I to be extremely well-positioned to truly add value to our clients from a corporate advisory and capital raising perspective.”

    Randy Billhardt, Head of Capital Markets at Siebert, comments, “Investment banking at Siebert will be defined by its ability to provide a boutique, high-touch experience while leveraging the firm’s broad distribution network. I am proud to welcome Kimberly and Ajay to Siebert, adding their deep expertise and leadership to our growing capabilities.”

    About Siebert Financial Corp.
    Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.

    Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, and StockCross Digital Solutions, Ltd, and Gebbia Entertainment LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.

    Cautionary Note Regarding Forward-Looking Statements
    The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.

    These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A – Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2023, and Siebert’s filings with the SEC.

    Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.

    Media Contact
    Deborah Kostroun, Zito Partners
    deborah@zitopartners.com
    +1 (201) 403-8185

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cca28fdf-fc44-4b26-8a62-2f005b866714

    The MIL Network –

  • MIL-OSI: Turbo Energy Welcomes International Business Executive Julian Groves to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    VALENCIA, Spain, Feb. 11, 2025 (GLOBE NEWSWIRE) — Turbo Energy, S.A. (NASDAQ:TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced the appointment of Julian Groves to the Company’s Board of Directors, which was approved by the Company’s shareholders on December 18, 2024 at the Extraordinary General Meeting of Shareholders.

    Turbo Energy Welcomes Julian Groves to Board of Directors 

    Groves brings Turbo Energy extensive experience in commercial strategy, geographic market expansion, worldwide product distribution and logistics, capital formation, private equity investments and corporate governance, as well as nearly three decades of experience leading business-to-business, direct-to-consumer, retail, wholesale and ecommerce initiatives for numerous iconic global brands in both the public and private sectors.       

    Since February 2019, Groves has served as Chief Operating Officer and executive member of the Board of MGO Global, Inc., a Nasdaq-listed company engaged in global commercialization of digitally-native lifestyle brands that have included both legendary soccer icon Leo Messi’s apparel brand, Messi Brand, and Stand Flagpoles. In this role, he has helped MGO raise tens of millions in pre-IPO, IPO and follow-on financings and is currently working to complete MGO’s business combination with one of the world’s leading commercial and pool management businesses serving the crude oil and refined petroleum tanker market in a transaction expected to be valued at more than $300 million. 

    Previously, Groves served as CEO of EC2M Holdings, a lifestyle brand-building company which owned and operated London Persona, a growing men’s lifestyle brand launched as a direct-to-consumer shopping experience for men seeking season-to-season high-end wardrobes. EC2M also represented the lifestyle brand Trickers throughout North America and Canada, charged with developing and managing the brand’s B2B channel. Other former senior executive posts have included Sales Director, EMEA of J Brand Europe, a premium, American denim clothing company in which Fast Retailing acquired an 80% stake for $290 million in 2012. As General Manager, EMEA of True Religion, Julian had full profit and loss (P&L) responsibility for the region, overseeing corporate operations in Switzerland and managing full P&L responsibility for the growing, fashion-forward denim brand.

    In August 2007, Julian was recruited by GUESS Europe to serve as Country Manager of the casual lifestyle brand’s operations in the United Kingdom and Ireland. Under his proven leadership, GUESS Europe opened 32 concessions and 22 retail shops, including GUESS’ Central London flagship store. Earlier in his distinguished career, he was General Manager, UK and Ireland, for Groupe Zannier International from September 2004 through 2007; United Kingdom Sales Director for Burberry from September 2001 through 2004; and United Kingdom Sales Manager for LVMH Kenzo Homme UK Ltd. from November 1997 through August 2001.

    Commenting on Groves’ appointment to the Board Enrique Selva, Chairman of the Board of Turbo Energy, stated, “I am delighted to welcome Julian to Turbo Energy’s Board and believe that his deep understanding of business strategy and global market penetration will have a significant impact on Turbo Energy’s planned expansion initiatives – with particular emphasis on commercialization of our SUNBOX Home solar energy storage technologies in the United States. He represents an outstanding addition to our Board and his unique and proven skillset is expected to greatly complement and enhance the overall strength and depth of capabilities of our leadership.”

    About Turbo Energy, S.A.

    Founded in 2013, Turbo Energy is a globally recognized pioneer of proprietary solar energy storage technologies and solutions managed through Artificial Intelligence. Turbo Energy’s elegant all-in-one and scalable, modular energy storage systems empower residential, commercial and industrial users expanding across Europe, North America and South America to materially reduce dependence on traditional energy sources, helping to lower electricity costs, provide peak shaving and uninterruptible power supply and realize a more sustainable, energy-efficient future. A testament to the Company’s commitment to innovation and industry disruption, Turbo Energy’s introduction of its flagship SUNBOX represents one of the world’s first high performance, competitively priced, all-in-one home solar energy storage systems, which also incorporates patented EV charging capability and powerful AI processes to optimize solar energy management. Turbo Energy is a proud subsidiary of publicly traded Umbrella Global Energy, S.A., a vertically integrated, global collective of solar energy-focused companies. For more information, please visit www.turbo-e.com.

    Forward-Looking Statements

    Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks described in our registration statements and annual report under the heading “Risk Factors” as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

    For more information, please contact:
    At Turbo Energy, S.A.                                                 
    Dodi Handy, Director of Communications                        
    Phone: 407-960-4636                                                    
    Email: dodihandy@turbo-e.com 

    Attachment

    The MIL Network –

  • MIL-OSI: Moderne Secures $30M to Drive Billions in Enterprise Code Modernization Savings – Based on Its Innovative Tech Used by AWS, Microsoft, and Broadcom AI Assistants

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 11, 2025 (GLOBE NEWSWIRE) — Moderne, the automated code refactoring and analysis company, announced it has closed $30 million in Series B funding led by Acrew Capital with participation from Morgan Stanley, Amex Ventures, and TIAA Ventures, as well as all previous investors Allstate, Intel Capital, Mango Capital and True Ventures. The funding is further validation that Moderne is emerging as the only company driving mass-scale code modernization and tech debt remediation critical to the progress and success of enterprises and hyperscalers.

    In the last two years, billions of dollars have been invested in AI-powered coding assistants to help developers write new software. However, these tools can fail to address the millions of applications and billions of lines of existing code that companies have developed over the last three decades that must be constantly updated, maintained and secured.

    Moderne is the only company with a proven platform designed to analyze and transform large codebases efficiently and cost-effectively. The technology, developed for a fraction of the cost of the new crop of AI-powered coding assistants, stems from the OpenRewrite open-source project Moderne CEO and co-founder Jonathan Schneider developed at Netflix. OpenRewrite has become the de facto standard for code migration and maintenance, and it has been integrated into a number of developer tools from the world’s largest software companies, including AWS’s Amazon Q, Broadcom’s App Advisor, and Microsoft’s GitHub Copilot.

    “The challenge of addressing technical debt impacts nearly every company, but it’s mission-critical for enterprises managing massive, complex codebases,” said Mark Kraynak, Founding Partner at Acrew Capital. “Moderne’s technology is purpose-built for this scale, plus it complements and improves this new generation of AI for code. Moderne has redefined what success in code modernization looks like—delivering proven results for some of the largest and most sophisticated enterprises.”

    The breakthrough innovation powering Moderne is its one-of-a-kind Lossless Semantic Tree (LST) data model for code that enables a new level of insights into a codebase beyond what is visible in the typical ‘code as text’ representation. The Moderne Platform can work across multiple LST files at once to analyze and transform codebases quickly and accurately. When combined with agentic experiences, like Moderne’s new Mod Agent, developers can work even more efficiently to understand and evolve large codebases.

    “Moderne alone produces the data that is going to drive the next decade of code modernization. This data covers everything the compiler knows about the code multiplied by tens of thousands of repositories at each customer,” said Schneider. “Moderne is already driving large-scale application modernization savings for our customers over and over again—and we’re only scratching the surface of what can be done.”

    With a team of language engineering and software development experts, Moderne grew its customer base by 250% in 2024, attracting many Fortune 500 companies, including Allstate, Choice Hotels, and Walmart. In fact, five top North American banks are Moderne customers. The company will use the new funding to extend its commitment to providing ideal customer experiences and rapid time to value with Moderne.

    Additional Investor Quotes:

    Amex Ventures: “Moderne’s technology and open-source community can help enterprises move their valuable software forward with higher accuracy and reliability,” said Kevin Weber, Managing Director at Amex Ventures. “The company helps ensure efficient and cost-effective modernization.”

    TIAA Ventures: “It’s crucial that financial institutions are agile and adaptive in today’s advanced digital age. Moderne offers an impressive at-scale approach that can revolutionize code modernization, helping to streamline, improve, and secure the software that’s driving some of the biggest industries. This investment can streamline and improve services for TIAA retirement clients, and we look forward to working with the Moderne team,” said Thompson Barro, Senior Director at TIAA Ventures.

    About Moderne
    Moderne automates mass-scale code modernization that’s critical to the progress and success of enterprise companies today—making a difference in minutes, not months. Moderne is based in Miami, and its investors include Acrew Capital, Intel Capital, True Ventures, Mango Capital, Allstate Strategic Ventures, Morgan Stanley, Amex Ventures, and TIAA Ventures, among other investors and advisors. To learn more visit www.moderne.ai

    Contact: merrill@freundpr.com

    The MIL Network –

  • MIL-OSI: HomeTrust Bancshares, Inc. Announces Transfer of Listing of Common Stock to the New York Stock Exchange and Change in Ticker Symbol

    Source: GlobeNewswire (MIL-OSI)

    ASHEVILLE, N.C., Feb. 11, 2025 (GLOBE NEWSWIRE) — HomeTrust Bancshares, Inc. (NASDAQ: HTBI) (“Company” or “HomeTrust”), the holding company of HomeTrust Bank, today announced that the Company will transfer the listing of its common stock from the NASDAQ Stock Market LLC (“NASDAQ”) to the New York Stock Exchange LLC (“NYSE”). HomeTrust’s common stock is expected to commence trading on the NYSE on Monday, February 24, 2025 under a new ticker symbol, “HTB”. The Company’s common stock is expected to continue to trade on NASDAQ until the close of the market on Friday, February 21, 2025.

    “We are excited to announce our partnership with the NYSE,” said Hunter Westbrook, President and Chief Executive Officer. “In joining the world’s largest stock exchange, we believe leveraging the NYSE trading platform will provide greater exposure for our Company and long-term value for our stockholders. We look forward to celebrating this occasion and milestone for HomeTrust by ringing The Opening Bell on our first of day of trading on the NYSE.”

    “We are pleased to welcome HomeTrust Bancshares, Inc. to the New York Stock Exchange,” said Tara Dziedzic, Head of US Listings, New York Stock Exchange. “As an NYSE-listed company, HomeTrust joins our community of icons, disruptors and many of its peers, leveraging the membership value that our exchange uniquely provides.”

    About HomeTrust Bancshares, Inc.

    HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank. As of December 31, 2024, the Company had assets of $4.6 billion. The Bank, founded in 1926, is a North Carolina state chartered, community-focused financial institution committed to providing value added relationship banking with over 30 locations as well as online/mobile channels. Locations include: North Carolina (the Asheville metropolitan area, the “Piedmont” region, Charlotte, and Raleigh/Cary), South Carolina (Greenville and Charleston), East Tennessee (Kingsport/Johnson City, Knoxville, and Morristown), Southwest Virginia (Roanoke Valley) and Georgia (Greater Atlanta).

    Forward-Looking Statements

    This press release may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but instead are based on certain assumptions including statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, assumptions and statements about future economic performance and projections of financial items. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by forward-looking statements. The factors that could result in material differentiation include, but are not limited to, the impact of bank failures or adverse developments involving other banks and related negative press about the banking industry in general on investor and depositor sentiment; the remaining effects of the COVID-19 pandemic on general economic and financial market conditions and on public health, both nationally and in the Company’s market areas; natural disasters, including the effects of Hurricane Helene; expected revenues, cost savings, synergies and other benefits from merger and acquisition activities might not be realized to the extent anticipated, within the anticipated time frames, or at all, costs or difficulties relating to integration matters, including but not limited to customer and employee retention, might be greater than expected, and goodwill impairment charges might be incurred; increased competitive pressures among financial services companies; changes in the interest rate environment; changes in general economic conditions, both nationally and in our market areas; legislative and regulatory changes; and the effects of inflation, a potential recession, and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission – which are available on the Company’s website at www.htb.com and on the SEC’s website at www.sec.gov. Any of the forward-looking statements that the Company makes in this press release or in the documents the Company files with or furnishes to the SEC are based upon management’s beliefs and assumptions at the time they are made and may turn out to be wrong because of inaccurate assumptions, the factors described above or other factors that management cannot foresee. The Company does not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    www.htb.com

    The MIL Network –

  • MIL-OSI: Schellman Appoints Preeya Voss as Chief Revenue Officer

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., Feb. 11, 2025 (GLOBE NEWSWIRE) — Schellman, a leading provider of attestation and compliance services and a top 50 CPA firm, is proud to announce the appointment of Preeya Voss as its new Chief Revenue Officer. Voss brings nearly two decades of experience in SaaS and services revenue leadership, with a proven track record of driving transformative growth across diverse industries and customer segments.

    Voss has spent her entire career in GTM, spanning a variety of industries and customer segments. She joins Schellman from her most recent role as Senior Vice President of Sales at Ellucian, the global market leader in EdTech for higher education. She was responsible for the company’s enterprise cross-selling strategy, including overseeing revenue growth for both SaaS subscriptions and professional services.

    “As we double down on our investment in sales and go-to-market strategies in 2025, having the right leadership is critical,” said Avani Desai, CEO of Schellman. “Preeya brings not only a wealth of experience in driving revenue and scaling organizations but also a unique ability to inspire teams and foster lasting client relationships. Her strategic mindset and passion for innovation will help us take our growth to the next level while staying true to our core values of excellence and client service.”

    In her role as Chief Revenue Officer, Voss will oversee all revenue-generating initiatives, including client acquisition, strategic partnerships, and go-to-market strategies. Her focus will be on enhancing Schellman’s growth trajectory by aligning sales, marketing, and customer success efforts to deliver exceptional value and outcomes for clients. Based in Denver, Colorado, Voss is an advocate for mentorship and is deeply committed to empowering early-career talent and women in customer-facing roles.

    “I’m honored to join Schellman as Chief Revenue Officer during such a pivotal time in the company’s history,” said Voss. “My mission is to amplify Schellman’s legacy of excellence by driving innovation, forging deeper client partnerships, and unlocking new market opportunities. With Schellman’s unparalleled suite of services—from SOC reports to the latest AI-related assessments to expanded sustainability services—we will continue to empower our clients to build trust with their customers in an increasingly complex compliance landscape.”

    Voss’ appointment underscores Schellman’s ongoing commitment to strengthening its leadership team with exceptional top-tier talent. This announcement follows a series of strategic advances in Q4 of 2024, including receiving ISO 42001 and ISO 14001 accreditation and furthering its mission to be a leader in compliance and attestation services.

    To learn more about Schellman’s services and how they can help your organization, visit the website.

    About Schellman
    “Schellman” is the brand name under which Schellman & Company, LLC and Schellman Compliance, LLC provide professional services. Schellman stands as a leading global provider of attestation, compliance, and certification services. Operating under two distinct entities, Schellman & Company, LLC (a top 50 firm) and Schellman Compliance, LLC (a globally accredited compliance assessment firm which is not a licensed CPA firm). The services provided by the Schellman entities include acting as a CPA firm (Schellman & Company, LLC Florida license number AD62941) as a leading provider of SOC reports, an ISO Certification Body, a PCI Qualified Security Assessor Company, a HITRUST assessor, a FedRAMP 3PAO, being among the pioneering CMMC Authorized C3PAOs, as well as offering international certification services including TISAX and HDS.

    Renowned for its professionals’ expertise combined with practical experience, Schellman delivers superior client service while upholding steadfast independence. The company’s approach fosters successful, long-term relationships, enabling clients to achieve multiple compliance objectives through a single trusted third-party assessor. For further information about the services provided, please visit schellman.com.

    Contact
    V2 Communications
    schellman@v2comms.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/099b8006-8be0-4e69-91a0-788fb889fc7d

    The MIL Network –

  • MIL-OSI: Two Payden Mutual Funds Receive Five-Star Overall Morningstar Rating™

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Feb. 11, 2025 (GLOBE NEWSWIRE) — The Payden Floating Rate Fund (PYFRX) and the Payden High Income Fund (PYHRX) each received a five-star overall Morningstar rating as of January 31, 2025.

    The Floating Rate Fund’s investment objective is to seek a high level of current income through floating rate debt instruments, with a secondary objective of long-term capital appreciation. In addition, the fund received a five-star Morningstar rating for the three-, five- and ten-year periods.

    The High Income Fund invests in corporate high-yield bonds, which provide a premium to U.S. Treasury bonds. The fund generally invests in the higher-quality segment of the market and looks for companies with good growth prospects, superior and defensible products and strong management teams.

    The Payden Funds span the fixed income asset class, from short-term floating rate bonds to socially responsible municipal bonds to credit sensitive areas like high yield and emerging markets corporates. During a turbulent period for the bond market, with rising rates and increasing uncertainty about the future direction of the global economy, Payden’s process has endured even in challenging markets.

    About Payden & Rygel

    With $159 billion under management, Payden & Rygel is one of the largest privately-owned global investment advisers focused on the active management of fixed income and equity portfolios. Payden & Rygel provides a full range of investment strategies and solutions to investors around the globe, including Central Banks, Pension Funds, Insurance Companies, Private Banks, and Foundations. Independent and privately-owned, Payden is headquartered in Los Angeles and has offices in Boston, London, and Milan. Visit www.payden.com for more information about Payden’s investment offerings, including US mutual funds and Irish-domiciled funds (subject to investor eligibility).

    *Morningstar rates funds from one to five stars based on how well their risk-adjusted performance compares to similar funds. Within each Morningstar Category, the top 10% of funds receive five stars, the next 22.5% four stars, the middle 35% three stars, the next 22.5% two stars, and the bottom 10% receive one star. Funds are rated for up to three time periods—three-, five-, and 10 years—and these ratings are combined to produce an overall rating. Funds with less than three years of history are not rated. Ratings are objective, based entirely on a mathematical evaluation of past performance. They’re a useful tool for identifying funds worthy of further research, but shouldn’t be considered buy or sell recommendations. Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees). Total returns do account for the expense ratio, which includes management, administrative, 12b-1 Distribution fees, and other costs that are taken out of assets.

    © 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

    Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so investors’ shares, when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, visit our website at payden.com or call 800 572-9336.

    For more information and to obtain a prospectus or summary prospectus, visit payden.com or call 800 572-9336. Before investing, investors should carefully read and consider investment objectives, risks, charges, expenses and other important information about the Fund, which is contained in these documents.

    A Investing in high-yield securities entails certain risks from investing in investment grade securities, including higher volatility, greater credit risk, and the issues’ more speculative nature.

    B Investment in foreign securities entails certain risks from investing in domestic securities, including changes in exchange rates, political changes, differences in reporting standards, and, for emerging-market securities, higher volatility. The Payden Funds are distributed through Payden & Rygel Distributors, member FINRA.

    Sources for the material contained herein are deemed reliable but cannot be guaranteed. This material is for illustrative purposes only and does not constitute investment advice or an offer to sell or buy any security. Past performance is no guarantee of future results.

    A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b8d395c-a448-4ade-a15e-69e566acc651

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: Thrive Appoints Ben Reich as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) — Thrive, a global technology outsourcing provider for cybersecurity, Cloud, and IT managed services, today announced Ben Reich has joined the company as Chief Financial Officer. Reich will bring his strategic expertise in growing businesses organically and through acquisition as Thrive continues to experience rapid growth to meet the complex needs of the industries the company serves.

    With a proven track record of building finance, operations, and HR teams while successfully managing P&L and capital budgets, Reich brings a wealth of expertise in financial and M&A strategy to Thrive. Reich most recently held the title of Chief Financial Officer at Opti9 Tech, a leading hybrid cloud solutions provider, where he provided critical financial guidance to the executive team and stakeholders, and drove the M&A strategy by modeling potential acquisition targets, conducting due diligence, and evaluating synergies. Prior to Opti9 Tech, Reich served as Vice President, Finance at ATSG, completing the integration of four acquisitions and driving $100M in commitment from external investment groups.

    “We have grown into one of the leading global technology outsourcing firms, and to support our momentum, we need leaders who will help us execute our growth and expansion objectives,” said Bill McLaughlin, CEO of Thrive. “Ben’s proven track record and deep understanding of driving M&A strategy and business growth will be indispensable as we continue to scale to deliver the best solutions for our customers.”

    The appointment of Reich comes at an exciting time of growth for Thrive, having recently elevated Bill McLaughlin to the CEO role. The company also received a strategic investment from Berkshire Partners and Court Square Capital Partners to unlock further growth. Along with this, Thrive continues to expand geographically, most recently acquiring Michigan-based Safety Net and North Carolina-based The Longleaf Network.

    “Tapping into financial strategies that lead to business growth and bring real impact to organizations is what I’m most enthusiastic about,” said Reich. “Thrive’s growth trajectory and aggressive M&A goals are why I am here. I look forward to working with Bill and the rest of the Thrive team to start executing against them and continue to scale the company to ensure future success.”

    If you’re interested in learning more about open positions at Thrive, visit the careers page.

    About Thrive  
    Thrive delivers global technology outsourcing for cybersecurity, Cloud, networking, and other complex IT requirements. Thrive’s NextGen platform enables customers to increase business efficiencies through standardization, scalability, and automation, delivering oversized technology returns on investment (ROI). They accomplish this with advisory services, vCISO, vCIO, consulting, project implementation, solution architects, and a best-in-class subscription-based technology platform. Thrive delivers exceptional high-touch service through its POD approach of subject matter experts and global 24x7x365 SOC, NOC, and centralized services teams. Learn more at www.thrivenextgen.com or follow us on LinkedIn.  

    Contacts  
    Amanda Maguire  
    thrive@v2comms.com   

    The MIL Network –

  • MIL-OSI: Allied Energy Fuels the Future of Crypto with Groundbreaking Natural Gas Agreement

    Source: GlobeNewswire (MIL-OSI)

    MCKINNEY, Texas, Feb. 11, 2025 (GLOBE NEWSWIRE) — Allied Energy Corporation (OTC: AGYP) (“Allied Energy”) proudly announces a transformative Natural Gas Purchase and Sale Agreement with River Energy Group, LLC and Louis Energy Gas Texas, Inc. This collaboration positions Allied Energy at the forefront of both the energy and digital economies, helping to power the next generation of cryptocurrency data centers while embracing sustainable and efficient natural gas usage.

    With exclusive rights granted to Louis Energy Gas Texas, Inc. to purchase natural gas from the Thiel Well 1 in Washington County, Texas, this agreement is set to energize a state-of-the-art cryptocurrency mining facility. Strategically located near the wellhead, this facility is designed to meet the rapidly growing energy demands of the digital economy.

    As of the latest Texas Railroad Commission data from December 2024, Texas continues to lead in natural gas production, with the state accounting for nearly 25% of U.S. natural gas production. In 2023 alone, Texas produced more than 11 billion cubic feet of natural gas daily, making it the largest natural gas producer in the United States. The natural gas supply from Well 1 will provide the stable, reliable energy necessary to support Louis Energy Gas Texas, Inc. cutting-edge 2-3.5 megawatt mining operation, with plans for future expansion.

    In addition, according to the Cambridge Centre for Alternative Finance, the U.S. is the world leader in Bitcoin mining, with approximately 37% of the global hash rate coming from U.S.-based operations. This dominance is partly powered by reliable, low-cost energy sources such as natural gas, an efficient and environmentally responsible option for powering large-scale mining facilities.

    Key Highlights of the Agreement Include:

    • Exclusive Natural Gas Supply: Allied Energy and River Energy will deliver a steady and exclusive natural gas supply from Well 1, providing a reliable and cost-effective energy source to power Louis Energy Gas Texas, Inc. mining operations.
    • Crypto Datacenter Infrastructure: Louis Energy Gas Texas, Inc. will build and operate a state-of-the-art mining facility with a minimum one-megawatt power generation capacity, with plans for future expansion to meet future energy demands.
    • Sustainability and Efficiency: This collaboration is committed to utilizing natural gas in the most efficient and sustainable manner possible, supporting a greener, more energy-efficient future for the crypto currency sector.
    • Regulatory Compliance: Louis Energy Gas Texas, Inc. is fully dedicated to securing all required regulatory approvals and permits, ensuring that every aspect of the project meets rigorous environmental and safety standards.

    “We are thrilled to be partnering with River Energy and Louis Energy Gas Texas, Inc. on this exciting new venture,” said George Monteith, CEO of Allied Energy. “This agreement marks a major milestone for Allied Energy, highlighting our dedication to providing sustainable energy solutions for the rapidly growing crypto currency sector. It also positions us to play a pivotal role in the expanding natural gas market, supporting long-term growth and innovation.”

    This agreement represents a key moment for both the energy and technology industries, underscoring the importance of sustainable, reliable energy in powering the future of digital economies worldwide.

    About AGYP:

    Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing ‘existing’ oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America (“IPAA”) – “With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America’s true strategic petroleum reserve.”

    About River Energy Group, LLC:

    River Energy Group, LLC brings over 90 years of expertise in the commodities, derivatives, and financial services sectors. The company has partnered with Allied Energy Corporation through a joint venture to identify, secure, and allocate stranded and flared natural gas resources. Their focus is on transforming these resources into resilient and reliable stand-alone microgrids, advancing sustainable energy solutions.

    About Louis Energy Gas Texas, Inc.:

    Louis Energy Gas Texas, Inc. is a forward-thinking energy company specializing in the development, operation, and optimization of innovative energy solutions. The company focuses on providing high-capacity, sustainable energy to diverse industries, with a notable emphasis on powering crypto currency data centers. Louis Energy Gas Texas, Inc. is committed to advancing renewable energy technologies while ensuring operational efficiency, reliability, and regulatory compliance across all its projects. Through strategic partnerships and cutting-edge infrastructure, Louis Energy Gas Texas, Inc. continues to play a pivotal role in driving Texas’ energy future forward.

    Safe Harbor Statement:

    This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.

    Contact:

    Allied Energy Corporation
    Phone: 972-632-2393
    Email: info@alliedengycorp.com
    Twitter: https://twitter.com/AlliedEnergyCo1

    The MIL Network –

  • MIL-OSI: Anfield Energy to Present at the Metals and Mining Growth Virtual Investor Conference February 13th

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) — Anfield Energy, Inc. (TSXV:AEC; OTCQB:ANLDF), with its uranium and vanadium asset portfolio based in the Southwestern United States and focused on development and the pursuit of near-term production, today announced that Corey Dias, Chief Executive Officer, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13th, 2025

    DATE: February 13th
    TIME: 11:30 AM ET
    LINK: https://bit.ly/4hPp1JA
    Available for 1×1 meetings: February 12th and 13th

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Recently completed a $15 million equity financing
    • Announced its intention to pursue a listing of its shares on a senior US stock exchange
    • Announced that it had completed its 14-hole, 14,100-foot drill program at its Slick Rock uranium and vanadium project and outlined its 2025 plans to advance the project, including the pursuit of a Plan of Operations

    About Anfield Energy, Inc.

    Anfield is a uranium and vanadium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly traded corporation listed on the TSX Venture Exchange (AEC-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD).

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Anfield Energy, Inc.
    Corey Dias
    Chief Executive Officer
    604-669-5762
    cdias@anfieldresources.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has either approved or disapproved of the contents of this news release.

    Cautionary Statement Regarding Forward-Looking Information

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the anticipated use of proceeds from the Equity Financing, the receipt of regulatory approvals with respect to the Equity Financing and the intention to pursue a listing on a US stock exchange.

    Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

    Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will use the proceeds of the Equity Financing as currently anticipated; that the Company will receive regulatory approval with respect to the Equity Financing; and that the Company will be able to pursue a listing on a US stock exchange. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

    There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that the Company may not use the proceeds of the Equity Financing as currently anticipated; that the Company may not receive regulatory approval with respect to the Equity Financing; the risk that the Company may not have the resources, or may otherwise be unable to pursue a listing on a US stock exchange; risks relating to the actual results of the Company’s operational activities, fluctuating commodity prices, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.

    Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

    The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. We seek safe harbor.

    The MIL Network –

  • MIL-OSI: Silver Tiger Metals to Present at the Metals and Mining Growth Virtual Investor Conference February 13th

    Source: GlobeNewswire (MIL-OSI)

    HALIFAX, Nova Scotia, Feb. 11, 2025 (GLOBE NEWSWIRE) — Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) based in Halifax, Nova Scotia, focused on Developing Production at the El Tigre Silver Mining District in Sonora Mexico, today announced that Glenn Jessome President & CEO, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13th, 2025

    DATE: February 13th
    TIME: 1:00pm EST
    LINK: https://bit.ly/3Ex4Xxc
    Available for 1×1 meetings: February 12th / 13th

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    About Silver Tiger and the El Tigre Historic Mine District

    Silver Tiger Metals Inc. is a Canadian company whose management has more than 27 years’ experience discovering, financing, and building large hydrothermal gold and silver mines in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger. 

    Silver Tiger commenced work on its El Tigre Project in 2017. El Tigre intends to build an open pit and underground mine. Silver Tiger has drilled over 150,000 meters at the El Tigre Project, with 119,000 meters completed since 2020. Silver Tiger has completed several MREs, a maiden MRE in 2017 and MRE updates in 2023 and 2024. The PEA for the El Tigre open pit was released in November 2023. 

    The October 2024 PFS for the El Tigre open pit delivered robust economics. The PFS projects an After-Tax NPV of US$222 million at a 5% discount rate, an After-Tax IRR of 40.0%, and a payback period of 2.0 years. This open pit operation is expected to have a 10-year mine life. The El Tigre project delivers a life of mine undiscounted After-Tax Cash Flow of US$318 million, with initial capital costs of $86.8 million (including $9.3 million in contingency). Operating cash costs are projected at $973/oz AuEq and $12/oz AgEq, with AISC at $1,214/oz AuEq and $14/oz AgEq. The economics of the Project have been evaluated based on a discounted $26/oz silver price and gold price of $2,150/oz. 

    Silver Tiger is now drilling from underground drill pads, focusing on the high-grade silver Veins, Sulphide and Shale Zones. A PEA for the permitted underground mineral resource is expected to be released in the first half of 2025.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Silver Tiger Metals Inc.
    Devin Devarennes
    VP Investor Relations
    902-233-3656
    Devin@silvertigermetals.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: Red Pine Exploration to Present at the Metals and Mining Growth Virtual Investor Conference February 13th

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF), based in Toronto, focused on Gold exploration in Canada, today announced that Michael Michaud, President and CEO, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13th, 2025

    DATE: February 13th
    TIME: 1:30 pm (EST)
    LINK: https://bit.ly/3CX0cMV
    Available for 1×1 meetings: February 13-17

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Recent Drilling at the Wawa Gold Project has Expanded Gold System
    • Recent Mineral Resource Estimate increased by 150% ounces of gold
    • Fully Funded to complete 25,000 metre drill program

    About Red Pine Exploration Inc.

    Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company’s shares trade on the TSX Venture Exchange under the symbol “RPX” and on the OTCQB Markets under the symbol “RDEXF”.

    The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. The Company’s land package hosts numerous historic gold mines and is over 7,000 hectares in size. Red Pine is building a strong position as a major mineral exploration and development player in the Michipicoten region.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Red Pine Exploration Inc.
    Michael Michaud
    President and CEO
    905-410-3191
    mmichaud@redpineexp.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI Russia: Financial news: On February 14 at 15:00 there will be a press conference on the results of the meeting of the Board of Directors on monetary policy

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    The event will be attended by the Chairman of the Bank of Russia Elvira Nabiullina and the Deputy Chairman of the Bank of Russia Alexey Zabotkin.

    Elvira Nabiullina will make a statement on monetary policy and medium-term forecast.

    The press conference will be held at the Bank of Russia press center. The broadcast of the speech will be available on our website, channel inTelegram, as well as on the official page inVKontakte.

    Accreditation for journalists is open until 17:00 on February 12 at the following address: Media@kbr.ru.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 23363

    MIL OSI Russia News –

  • MIL-OSI USA: Acting Chairman Statement on Climate-Related Disclosure Rules

    Source: Securities and Exchange Commission

    Today, I am taking action on The Enhancement and Standardization of Climate-Related Disclosures for Investors rule that was adopted by the Commission on March 6, 2024 (the “Rule”).[1] The Rule is currently being challenged in litigation consolidated in the Eighth Circuit[2] and the Commission previously stayed effectiveness of the Rule pending completion of that litigation.[3] The Rule is deeply flawed and could inflict significant harm on the capital markets and our economy.

    Both Commissioner Peirce and I voted against the Rule’s adoption.[4] Commissioner Peirce said that then-existing disclosure rules were sufficient and that the “[R]ule’s anticipated benefits do not outweigh the costs.”[5] She argued that “only a mandate from Congress should put us in the business of facilitating the disclosure of information not clearly related to financial returns.”[6] I stated that the Commission was “without statutory authority or expertise” to address climate change issues and that “this [R]ule is climate regulation promulgated under the Commission’s seal.”[7]

    During the comment period, many submissions likewise urged that the Rule not be adopted. Among the reasons were that the Rule would require a large volume of financially immaterial information, financially material climate-related risks were already subject to disclosure under existing rules, and the proposed rules overstepped the SEC’s regulatory authority.[8]

    The Commission’s briefs previously submitted in the cases consolidated in the Eighth Circuit do not reflect my views. The briefs defend the Commission’s adoption of the Rule, but I continue to question the statutory authority of the Commission to adopt the Rule, the need for the Rule, and the evaluation of costs and benefits. I also question whether the agency followed the proper procedures under the Administrative Procedure Act to adopt the Rule.

    The lack of statutory authority is a weighty factor. Commissioners have a constitutional obligation to determine the bounds of the agency’s statutory authority, and my views on the Commission’s authority here were the result of lengthy study and research informed by many comments on all sides of the issue.

    These views, the recent change in the composition of the Commission, and the recent Presidential Memorandum regarding a Regulatory Freeze,[9] bear on the conduct of this litigation. I believe that the Court and the parties should be notified of these changes.

    Therefore, I have directed the Commission staff to notify the Court of the changed circumstances and request that the Court not schedule the case for argument to provide time for the Commission to deliberate and determine the appropriate next steps in these cases. The Commission will promptly notify the Court of its determination about its positions in the litigation.

    [2] Iowa v. SEC, No. 24-1522 (8th Cir.); see also Liberty Energy Inc. v. SEC, No. 24-cv-739 (N.D. Tex.).

    [5] Commissioner Peirce Statement.

    [7] Commissioner Uyeda Statement.

    [8] See, e.g., Comment of the Federal Regulation of Securities Committee of the Business Law Section of the American Bar Association (Jun. 24, 2022); Comment of the U.S. Chamber of Commerce (Jun. 16, 2022); Comment of the National Association of Convenience Stores (Jun. 8, 2022); Comment of the National Association of Manufacturers (Jun. 6, 2022).

    MIL OSI USA News –

  • MIL-OSI Europe: OLAF plays pivotal role in uncovering 100 million EUR suspected subsidy fraud with links to organised crime

    Source: European Anti-Fraud Offfice

    Press release no 4/2025
    PDF version

    The European Anti-Fraud Office (OLAF) played a key role in exposing a sophisticated fraud scheme involving EU funding worth over 100 million EUR. The investigation uncovered alleged fraud and forgery in documents for water supply and wastewater infrastructure projects financed by the European Cohesion Fund in Romania. 

    Following a request from the EPPO, OLAF launched several investigations, focusing on the authenticity and traceability of the documents submitted by companies participating in calls for tenders in Romania. These companies managed to secure eight contracts for drinking water distribution and sewage rehabilitation projects worth over 100 million EUR.

    In the framework of its investigations, OLAF gathered evidence indicating a complex fraud mechanism using companies established in Italy and Romania between 2018-2021. 

    To meet the financial and technical criteria required by the contracting authorities, the Romanian companies claimed an annual turnover of their associates of between 42 and 63 million EUR over a 3-year period. OLAF’s investigation revealed that the real turnover was 30 times lower. OLAF also found that after winning the tenders, the bidders transferred a percentage of the total contract value to the associates. 

    One of the companies under investigation was later also found to have been placed under administrative prevention order by Italian authorities under anti-mafia legislation, effectively banning it from public contracts and certain business activities, due to its suspected ties to organised crime.

    Additionally, OLAF identified fake contracts for construction projects in Iraq. According to the winning companies, their associates claimed to have executed design and construction works for drinking water in the country worth around 31 million EUR through its Iraqi branch. OLAF provided evidence that such project, in fact, never existed.

    Director-General Ville Itälä welcomed the results: “This case demonstrates how suspects attempted to manipulate the EU’s financial system for their own gain and at the expense of European taxpayers. Thanks to OLAF’s investigative expertise and the valuable cooperation with the European Public Prosecutor’s Office, we were able to uncover the sophisticated scheme and help ensure that justice will be served. This is a clear example of how EU institutions working together can effectively protect public funding and uphold the integrity of EU financial interests.” 

    For the investigations already finalised, OLAF has recommended that the European Commission recover €20 million, representing the total amount paid from the Cohesion Fund for the suspected fraudulent contracts. 

    Furthermore, OLAF has transmitted its final reports to the EPPO. For more details, you can read EPPO’s press release here. 

    OLAF mission, mandate and competences:
    OLAF’s mission is to detect, investigate and stop fraud with EU funds.    

    OLAF fulfils its mission by:
    •    carrying out independent investigations into fraud and corruption involving EU funds, so as to ensure that all EU taxpayers’ money reaches projects that can create jobs and growth in Europe;
    •    contributing to strengthening citizens’ trust in the EU Institutions by investigating serious misconduct by EU staff and members of the EU Institutions;
    •    developing a sound EU anti-fraud policy.

    In its independent investigative function, OLAF can investigate matters relating to fraud, corruption and other offences affecting the EU financial interests concerning:
    •    all EU expenditure: the main spending categories are Structural Funds, agricultural policy and rural development funds, direct expenditure and external aid;
    •    some areas of EU revenue, mainly customs duties;
    •    suspicions of serious misconduct by EU staff and members of the EU institutions.

    Once OLAF has completed its investigation, it is for the competent EU and national authorities to examine and decide on the follow-up of OLAF’s recommendations. All persons concerned are presumed to be innocent until proven guilty in a competent national or EU court of law.

    For further details:

    Pierluigi CATERINO
    Spokesperson
    European Anti-Fraud Office (OLAF)
    Phone: +32(0)2 29-52335  
    Email: olaf-media ec [dot] europa [dot] eu (olaf-media[at]ec[dot]europa[dot]eu)
    https://anti-fraud.ec.europa.eu
    LinkedIn: European Anti-Fraud Office (OLAF)

    If you’re a journalist and you wish to receive our press releases in your inbox, pleaseleave us your contact data.

    MIL OSI Europe News –

  • MIL-OSI United Nations: Gaza: Return to war must be avoided at all costs, insists UN chief

    Source: United Nations 4

    Peace and Security

    A return to war in Gaza must be avoided at all costs, UN Secretary-General António Guterres insisted on Tuesday, amid fears that the three-week old ceasefire agreement between Hamas fighters and Israel is about to end.

    “We must avoid at all costs the resumption of hostilities in Gaza that would lead to an immense tragedy,” said the UN chief, in a statement relayed to journalists by UN Geneva spokesperson Rolando Gomez.

    “I appeal to Hamas to proceed with the planned liberation of hostages next Saturday. Both sides must fully abide by their commitments in the ceasefire agreement and resume serious negotiations in Doha for the second phase.”

    The development comes amid reports that Hamas suspended the scheduled release of hostages from Gaza on Saturday, on the grounds that Palestinians continue to be killed in the war-torn enclave and that too little aid is entering the Strip.

    UNRWA operations continue

    The UN agency for Palestine refugees, UNRWA, said on Tuesday that its operations continue uninterrupted in Gaza and the occupied West Bank including East Jerusalem.

    “Our clinics across the occupied West Bank including East Jerusalem are open while the humanitarian operation in Gaza continues. We are committed to staying and delivering,” UNRWA said in an online post.

    The UN aid coordination office, OCHA, meanwhile, highlighted that a significant aid boost into Gaza has been possible “under the conditions generated by this [ceasefire] deal” that began on 19 January.

    Speaking in Geneva, OCHA spokesperson Jens Laerke said that the UN had delivered food, medical, shelter supplies and more in the last 21 days “which have enabled us to provide a range of critical services to people in need across Gaza and initiate repairs”.

    Responding to questions from journalists that UN aid teams had not been able to bring in certain materials which could help with the reconstruction of shattered medical centres and more, Mr. Laerke insisted that “the full visibility of the pipeline and the ceasefire deal and the compliance indicators, should be available to the guarantors of the ceasefire deal, which does not include the United Nations, but Egypt, Qatar and the US”.

    Surge in aid

    According to the latest humanitarian update from OCHA, more than 1.5 million people in Gaza have received food parcels since the ceasefire began.

    The World Food Programme (WFP) has distributed food parcels, hot meals and cash to more than 860,000 people in Gaza, OCHA said, and partners are providing more meals as community kitchens open in new areas. 

    Repair work continues on water wells across the enclave. However, widespread destruction of infrastructure and shortages of spare parts, generators and solar panels have impacted efforts to increase water production.      

    Today, nearly 60 health partners provide primary and secondary health services across the Gaza Strip, ensuring access to essential care.

    The UN reproductive health agency UNFPA is distributing supplies expected to benefit more than 65,000 people over the next three weeks. 

    UNFPA has also supported another health partner which has opened three temporary primary healthcare centres in Gaza and a temporary medical point in Jabalya in the north.

    OCHA reported that recent winter storms destroyed at least five child-friendly spaces in Khan Younis and the Middle Area in Gaza.

    “The needs are enormous,” Mr. Gomez told journalists. “The ceasefire is in place and of course that doesn’t mean that there aren’t enormous needs and they remain so…This is where our priorities lie.” 

    MIL OSI United Nations News –

  • MIL-OSI: Check Point and Wiz Enter Strategic Partnership to Deliver End-to-End Cloud Security

    Source: GlobeNewswire (MIL-OSI)

    REDWOOD CITY, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced a strategic partnership with leading cloud security provider Wiz to address the growing challenges enterprises face securing hybrid cloud environments. This collaboration bridges the longstanding gap between cloud network security and Cloud Native Application Protection (CNAPP) through a deep technological integration and strategic business alliance, delivering an industry-leading unified, holistic security solution.

    “This partnership between the parties was formalized in order to create a new security paradigm—combining Check Point’s cloud network security expertise with Wiz’s CNAPP leadership to deliver comprehensive protection across hybrid mesh environments,” said Nadav Zafrir, Chief Executive Officer at Check Point. “Together, we are transforming how organizations manage risk, enabling teams to collaborate with greater efficiency and control.”

    Today’s enterprises operate in complex environments where network and cloud security often function in silos, creating critical visibility and control gaps. Cloud network security teams lack context about cloud-specific risks, while cloud security teams struggle to understand how cloud network security controls protect assets. This fragmentation leads to inefficiencies, misconfigurations, and increased cyber risks.

    “Bringing together Wiz’s leading CNAPP technology and Check Point’s expertise in cloud network security enhances visibility and prioritizes risks more effectively,” said Assaf Rappaport, Co-Founder and Chief Executive Officer at Wiz. “Our partnership is aimed to ensure that companies can seamlessly protect their network and cloud environments with an integrated, industry-leading solution while continuing to democratize cloud security.”

    The partnership between Check Point and Wiz addresses these issues head-on offering customers:

    • Unified Security Insights: Check Point’s cloud network security controls integrated within Wiz’s CNAPP risk platform, enabling cloud security teams to automatically prevent attacks access real-time network-driven insights for smarter risk prioritization
    • Enhanced Risk Context: Wiz’s advanced risk analysis feeds integrate directly into Check Point’s platform, providing network security teams with actionable recommendations to optimize security coverage and configurations
    • Prioritization of Unsecured Assets: Cloud security teams are empowered to identify and address unsecured assets more effectively, leveraging network security data to guide decision-making
    • Optimized Security Operations: Network security teams benefit from tailored recommendations generated by Wiz’s platform, enhancing operational efficiency across hybrid environments

    The mutually beneficial partnership includes joint integration and the assisted migration of Check Point’s CNAPP customers to Wiz. Check Point expects to reallocate resources and make further investments across its cloud security business, including cloud network security, web application firewall (WAF), generative AI (GenAI), and other key cloud technologies. 

    This collaboration underscores both companies’ long-term commitment to driving security innovation and addressing the most pressing cloud security challenges faced by modern enterprises.

    Follow Check Point Software via:
    LinkedIn: https://www.linkedin.com/company/check-point-software-technologies
    X (Formerly known as Twitter): https://www.twitter.com/checkpointsw
    Blog: https://blog.checkpoint.com
    YouTube: https://www.youtube.com/user/CPGlobal

    About Check Point Software Technologies Ltd.
    Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Core Services for collaborative security operations and services.

    About Wiz
    Wiz secures everything organizations build and run in the cloud. Founded in 2020, Wiz is the fastest-growing software company in the world. Wiz enables hundreds of organizations worldwide, including over 45 percent of the Fortune 100, to rapidly identify and remove critical risks in cloud environments. Its customers include Salesforce, Slack, Mars, BMW, Avery Dennison, Priceline, Cushman & Wakefield, DocuSign, Plaid, and Agoda, among others. Wiz is backed by Andreessen Horowitz, Sequoia, Index Ventures, Lightspeed, Insight Partners, Cyberstarts, Thrive Capital, Greylock, Wellington, Salesforce, Blackstone, Advent, Greenoaks and Aglaé. Visit https://www.wiz.io for more information.

    Legal Notice Regarding Forward-Looking Statements

    This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding our strategic partnership with Wiz to address the growing challenges enterprise face securing hybrid environments future growth, the creation of a new security paradigm, the reallocation of resources, the making of further investments across our Cloud Security business and the ability of our partnership with Wiz to seamlessly protect companies’ network and cloud environments. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2024. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.

    The MIL Network –

  • MIL-OSI: Enphase Energy Launches Expanded IQ Battery 5P Solution for New Home Projects in California

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today the launch of an expanded IQ® Battery 5P™ product with support for both single-phase 120/208 V and split-phase 120/240 V, for new home projects in California. This expanded functionality provides an optimal storage solution for new single- and multi-family homes in California. The IQ Battery 5P product remains fully JA12 compliant, ensuring it meets California Title 24 requirements.

    California Title 24 mandates solar for all new homes, making integrated solar-plus-battery systems increasingly important. With support for a wider range of voltage requirements, the IQ Battery 5P helps builders and homeowners maximize solar value under NEM 3.0, while streamlining Energy Design Rating (EDR) compliance. Its modular design starts at 5 kWh, making it an ideal fit for smaller solar systems in new homes. This flexibility also helps builders more effectively balance other construction considerations, providing a cost-effective solution to meet California’s evolving energy standards.

    “As a longtime installer of Enphase’s products in California, we’re excited about the IQ Battery 5P as a flexible and cost-effective energy storage solution for new home builders,” said Chris Pearce, chief executive officer of Solara, an installer of Enphase products in California. “The modularity and reliability of Enphase’s technology make it easier than ever for developers to meet energy requirements while maximizing value for homeowners.”

    “Enphase continues to set the standard for quality and innovation in home energy solutions,” said Helmut Gehle, VP of solar new construction at Citadel, an installer of Enphase products in California. “The IQ Battery 5P is another great example – designed for performance, built for reliability, and produced right here in the United States. Homeowners and builders can trust they’re getting a best-in-class storage system that they can depend on for years to come.”

    “The IQ Battery 5P is a game-changer for new home projects,” said Thomas Bassett, chief operations manager at Asgard Energy, an installer of Enphase products in California. “Its advanced design with flexible voltage simplifies installation. Also, with Enphase’s batteries now produced in the United States, this solution supports American energy independence, jobs, and manufacturing.”

    The IQ Battery 5P starts with 5 kWh of capacity and delivers up to 3.84 kW of continuous power. The new single-phase solution is designed as a “grid-tied” system without backup capabilities, eliminating the need for an IQ® System Controller. This reduces system components and lowers costs, making it ideal for multi-family housing where space and budget are limited. For split-phase systems, an IQ System Controller can be added to enable backup functionality. The IQ Battery 5P comes with an industry-leading 15-year limited warranty in the United States.

    “The IQ Battery 5P is an ideal energy storage solution for new home construction, delivering the performance, flexibility, and reliability that builders and homeowners expect from Enphase,” said Ken Fong, senior vice president and general manager of the Americas and APAC at Enphase Energy. “By offering a grid-tied configuration, we’re helping to streamline installations and reduce costs while enjoying solar benefits under California’s energy standards. With its production in the United States, the IQ Battery 5P also supports domestic manufacturing and strengthens the renewable energy supply chain.”

    Enphase recently announced initial shipments of IQ Battery 5Ps produced in the United States that can help projects qualify for the Domestic Content Bonus Credit. IQ Batteries bearing SKUs with a “DOM” suffix, contain certain components made with domestic content.

    For more information about the Enphase IQ Battery 5P solution for new homes in California, please visit the Enphase website.

    About Enphase Energy, Inc.

    Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 80.0 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries. For more information, visit https://enphase.com/.

    ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. in the U.S. and other countries. Other names are for informational purposes and may be trademarks of their respective owners.

    Forward-Looking Statements

    This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability of its IQ Batteries; the availability and market adoption of Enphase products; the ability of the IQ Battery 5P to qualify for the Domestic Content Bonus Credit; and the ability of the IQ Battery 5P to streamline installations and reduce costs while maximizing solar benefits under California’s energy standards. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

    Contact:

    Enphase Energy

    press@enphaseenergy.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: Two Six Technologies Delivers Strategic Growth and Makes Exceptional Mission Impact in 2024

    Source: GlobeNewswire (MIL-OSI)

    ARLINGTON, Va., Feb. 11, 2025 (GLOBE NEWSWIRE) — Two Six Technologies, a high-growth technology company dedicated to providing products and expertise to national security customers, achieved outstanding growth and milestone results in 2024. Most importantly, Two Six’s products, systems, and teams supported more than 46,000 mission operations last year.

    In 2024, the company generated organic revenue growth of 25%, expanded its contract portfolio with large IDIQ awards, grew single-award contract ceiling to over $1.5 billion, and increased annual recurring revenue (ARR) to $60 million through the delivery of proprietary products and software platforms.

    “Our core focus is to rapidly deliver products, technologies, and expertise to address complex challenges facing our nation today,” said Joe Logue, CEO of Two Six Technologies. “I could not be more proud of the exceptionally talented professionals of Two Six, and their dedication to supporting the critical missions of our U.S. Government customers.”

    Two Six Technologies is a next-generation defense technology company, strategically positioned at the intersection of innovative technologies and mission impact. The company is purpose-built for a new era of government efficiency, with proven capabilities to execute on R&D programs, create breakthrough technologies, transition new innovations to operational users and warfighters, and deliver scalable product solutions.

    Two Six Technologies supports its customers through a suite of proprietary products that deliver technological superiority for our nation, allies, and partners. These products, including IKE™, Pulse, SIGMA™, and TrustedKeep™, are proven solutions offering direct and scalable impact for real-world challenges in critical sectors including cybersecurity, information advantage, CBRN detection, resilient secure communications, and zero trust.

    The company’s strategic expansions in 2024 included investments in infrastructure, secure labs, and the opening of new offices in Herndon, VA; Colorado Springs, CO; and Laurel, MD. Two Six’s employees work in 26 office locations in 7 states, as well as in labs, customer sites, and hybrid and remote locations across the country.

    In 2024, Two Six Technologies was recognized with numerous industry awards for outstanding individual and corporate performance, including: WashingtonExec’s Chief Officer Awards and Pinnacle Awards, Greater Washington GovCon Awards Contractor of the Year, NVTC’s Cyber 50 and Tech 100, and Inc. Magazine’s Best in Business 2024. Additionally, the company was awarded nine new U.S. patents in 2024 for inventions created by Two Six employees.

    Two Six continues to invest in supporting employees’ growth and professional development, including recruiting programs, referral bonuses, training courses, and team events. In 2024, the company hired and onboarded more than 280 new employees and continues to recruit mission-focused professionals for its world-class teams. Two Six offers competitive benefits and compelling career development opportunities. Interested individuals are encouraged to visit twosixtech.com/careers/.

    About Two Six Technologies
    Two Six Technologies is a high-growth technology company dedicated to providing innovative products and expertise for defense, intelligence, public safety, and national security customers. The company solves complex technical challenges in five focus areas that are key to missions on the modern battlefield: cyber, information operations, resilient secure communications, electronic systems, and zero trust solutions.

    The company offers a robust suite of sole source contract vehicles with more than $1.5 billion of aggregate single-award contract ceiling; a family of operationally deployed products including IKE™, Pulse, TrustedKeep™, and SIGMA™; and a global operational footprint that includes technical access in more than 100 countries coupled with native proficiency in more than 20 languages.

    Two Six supports national security customers across the Department of Defense, including U.S. Special Operations Command, U.S. Cyber Command and DARPA; Department of State; the Intelligence Community; and Civilian agencies.

    Two Six was formed in February 2021 by the global investment firm The Carlyle Group. Since its formation, Two Six has acquired and integrated four companies that are highly complementary to Two Six’s mission, culture, and growth strategy.

    Two Six is headquartered in Arlington, Virginia and employs approximately 900 professionals working in 37 states across the country. For more information, visit twosixtech.com and Two Six Technologies on LinkedIn.

    Media Contact
    David Leach
    Vice President of Corporate Development
    david.leach@twosixtech.com
    703-782-9473

    The MIL Network –

  • MIL-OSI: Mainspring Expands Channel Network with Leading Resellers as Linear Generator Installations Grow

    Source: GlobeNewswire (MIL-OSI)

    MENLO PARK, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — Mainspring Energy today announced the expansion of its channel sales network into new markets and geographies, accelerating adoption of the company’s Linear Generators with the addition of three new resellers. The program welcomes dGEN Energy Partners, Gould Group, and INF Associates to the team of partner companies bringing Mainspring’s advanced power generation solutions to commercial and industrial companies.

    The addition of these leading power resellers expands Mainspring’s reach into more projects and vertical markets such as hotels and commercial buildings, EV charging infrastructure, cold storage facilities, and other industrial operations. It also opens the door to delivering projects in new regions for the company, particularly in Puerto Rico and the Caribbean, which are prone to extreme weather events and extended power disruptions. As in the fast-growing U.S. linear generator market, commercial and industrial companies in this region are exploring linear generator solutions for greater control over their energy resources and costs. Mainspring’s products provide resilient, low-emission, rapidly installed power capacity with market-leading flexibility in siting, project scope, load profiles, and fuel types.

    “In an era of unprecedented load growth, demand is spiking globally for reliable, efficient power,” said Wissam Balshe, Senior Director of Channel Partnerships at Mainspring. “dGen, Gould Group and INF bring valuable expertise to our reseller team in deploying advanced power infrastructure in commercial and industrial markets. Together we are expanding our reach and accelerating the transition to cleaner, more efficient power.”

    The expanded reseller network puts Mainspring solutions in the hands of a growing force of industry experts specializing in reliable, affordable, and sustainable power projects that deliver new power capacity. It builds on the launch of the Mainspring reseller network last year and Mainspring’s strategic partnerships with global power leaders Schneider Electric and ABM.

    dGen
    dGen brings a wealth of experience in the renewable energy industry with over 750 MW of clean energy installed today. They are known in the solar industry for their ability to take a project from design to financing to installation with a dedicated team of developers and EPC installers. dGen expands access to renewable energy solutions to all 50 states, Puerto Rico and the Caribbean.

    Gould Group
    As a trusted real estate portfolio fiduciary, Gould Group uses energy efficiency as a strategic tool to enhance cost-effectiveness and quality across industrial, office, hospital, and multifamily properties nationwide. Gould Group stands by three certainties—Budget, Execution, and Quality—ensuring every project is completed on time, within budget, and to the highest standards. Its expertise spans energy procurement, strategic financing, and tailored sustainability solutions, enabling it to maximize efficiency, reduce costs, and create long-term value for its clients.

    INF Associates
    INF is a turnkey energy solutions firm performing complete design, equipment supply, and installation of projects, including electric vehicle (EV) charging solutions, LED lighting upgrades, distributed and renewable energy technologies, and mechanical system retrofits. INF has offices in New York City, the Hudson Valley and New Jersey, and supports energy projects nationwide. INF has a team dedicated to securing funding from utility and state commissions to advance the sustainability goals for each company they work with. Since 2011, INF has secured tens of millions of dollars of utility incentives for energy projects and has installed more than 5,000 EV chargers totaling over 50 megawatts of charging power.

    About Mainspring
    Mainspring Energy manufactures and delivers innovative, flexible, low-emissions onsite power solutions that rapidly add new power capacity and deliver reliable, affordable, clean electric power. The Mainspring Linear Generator is fully dispatchable and scalable from 250 kW to 100+MW. It is uniquely fuel-flexible, operating on any gaseous fuel including hydrogen, ammonia, biogas, natural gas, propane, and others. The company began commercial shipments in 2020 and to date has tens of MWs of power in operation and more than 100 MW in advanced development for leading Fortune 500 companies and utilities. Learn more at mainspringenergy.com.

    Media Contact:

    Marjorie Bonga
    marjorie@teamsilverline.com
    15407462385

    The MIL Network –

  • MIL-OSI: Codeword Elevates Gabie Kur to Partner, Driving New Phase of Growth and Client Services Alongside Leadership Evolution

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — Today, communication agency Codeword announced the promotion of Gabie Kur to Partner, Head of Growth, making her the agency’s first-ever woman partner, first growth lead, and first partner addition in more than a decade. In her new role, Kur will oversee business development, external communications, agency service expansions, and innovative partnerships. She will continue to oversee Codeword’s PR practice as well. She joins partners Kyle Monson and Michael McKloskey on Codeword’s executive leadership bench.

    Kur has spent over a decade at Codeword, most recently as Senior Vice President, PR, where she doubled Codeword’s client retention, tripled its monthly minimum retainer, and grew the team amid challenges in the tech, media, and PR industries. She has led PR programs for global brands such as Lowe’s, ASUS, Coway, Skillshare, Drift, and Alphabet’s Wing, and has successfully launched over 200 companies across her career. Her leadership in strategic growth, PR, and client expansion positions her to build out the agency’s growth function and push Codeword’s capabilities to the next level.

    “At Codeword, we’re constantly working to strengthen the way we support both our clients’ and our growth. I’m eager to maximize Codeword’s momentum in a reinvigorated function that equips our teams to deliver the best work we can for the brands that count on us,” said Kur. “This role is the perfect blend of everything I love—PR, problem-solving, business development—and I’m especially looking forward to working even more closely with Kyle and Michael, who have played pivotal roles in much of my career.”

    Codeword leadership is equally excited to add Kur to the partner bench.

    “I’ve worked closely with hundreds of PR pros over the years, and there’s nobody like Gabie,” said Kyle Monson, founding partner at Codeword. “She has a level of energy that defies the laws of physics, and her intelligence and problem-solving skills are adored by both her clients and her teammates. Over the past few years, we watched her do the impossible, and push the business forward in an era of industry retraction. After years of trying and failing to find her limit, we’re like ‘Maybe the limit does not exist. Why doesn’t she just run the place with us?’ And we’re delighted that she agreed to it. I hope we continue to make memories and good work together for a very long time.”

    Alongside Kur’s elevation to partner, Codeword upleveled its leadership across the agency.

    Ted Brown has been named Head of Editorial, reporting to Kyle Monson. Ted brings over fourteen years of creative and editorial leadership to the role. After joining Codeword two years ago, Brown quickly became a trusted partner for high-profile clients like Google and Android. In his new position, Brown will set and maintain the bar for Codeword’s editorial output, and manage Codeword’s team of writers and editors, the agency’s largest department. He’ll also continue mentoring the next generation of writers and creatives, helping them push boundaries and refine their craft in an evolving media landscape. Outside of Codeword, Brown continues to be a regular contributor to The New York Times, The Atlantic, Rolling Stone, and The New Yorker.

    Katy Donkin has been appointed Head of Client Accounts, reporting to Michael McKloskey. Over her eight years at Codeword, Donkin has cultivated deep, trust-based relationships with major clients—her expert stewardship has allowed the agency to maintain a decade-long partnership with Google. She has demonstrated a unique ability to craft audience-driven strategies that deliver results, foster long-term satisfaction, and meet detailed client needs. In this elevated role, Donkin’s focus will be on helping teams proactively orchestrate success while ensuring effective client delivery and maintaining high client satisfaction. Throughout her time at the agency, she’s played a vital role in developing her team, mentoring colleagues, and championing Codeword’s client relationships—all while seamlessly managing her responsibilities remotely from New Zealand.

    Liv Allen has been named Head of PR, reporting to Gabie Kur. Allen has been instrumental in growing the PR team and expanding the department’s integrated communications capabilities since joining Codeword in 2017. Across her career, Allen has worked with a diverse range of brands—from startups like Codeacademy and Outerspace to global companies such as ASUS, Payscale, and Sennheiser, as well as publicly traded companies like NVIDIA, Adobe, and Lowe’s. Her expertise in creating impactful media moments and fostering strong relationships has been integral to the agency’s success.

    “We’re hyped as hell to announce the new leadership roles for Gabie, Ted, Katy, and Liv. Each of them has consistently shown their commitment to Codeword’s mission to create brand experiences people actually care about,” said Michael McKloskey, managing partner and EVP at Codeword. “They make a positive impact on their clients’ businesses. They lead their teams to be better marketers. They shape Codeword into an ever-evolving agency of expert communicators. It’s an incredible combination that’s setting us up for limitless success. There’s nothing this team can’t accomplish together.”

    About Codeword
    Codeword is a communication design agency that helps brands create breakthrough comms, content, and community experiences. A team of fast-moving writers, designers, PR pros, and strategists, Codeword fosters an independent spirit with global scale and capabilities. The nationwide team is remote-first, with offices in NYC and SF. Part of the WE Communications family.

    Find us online at: www.codewordagency.com or @codewordagency

    The MIL Network –

  • MIL-OSI: Baby Boomers and Gen X Responsible for Increased Betting Activity in Q4 2024

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 11, 2025 (GLOBE NEWSWIRE) — Betting activity increased slightly in Q4 2024 to 26% of consumers, compared to 24% in the same period of 2023. However, this uptick was caused by significant generational changes in activity, primarily among Baby Boomers and Millennials, according to a new report from TransUnion (NYSE: TRU).

    While Millennials have dominated all forms of betting in recent years, this generation’s engagement dropped 5% YoY in Q4 2024. Conversely, Baby Boomers and Gen Xers got more involved, with 7% and 4% respective YoY increases. Gen Z bettors’ participation remained about the same. These and many more findings are available in TransUnion’s latest US Betting Report.

    “The demographic shift in betting activity serves as a good reminder that the best predictor of engagement is not age but rather increased earnings and liquidity,” said Declan Raines, head of TransUnion’s Gaming business. “Those who have a sudden influx of disposable income are more likely to participate in betting, and operators should keep that in mind when developing their marketing strategies.”

    In addition to Millennials, fewer high-value bettors engaged in online and land-based betting activities. High-value bettors are those who spend more than $500 per month on betting. This group’s engagement dropped by 8% with land-based operators and 9% with online operators.

    Healthier finances among bettors

    The report found high-value bettors also attained improved overall finances. In Q4 2024, 54% of those betting $500 or more per month had good or excellent credit combined with middle or high income. This was up from 50% in the same period in 2023. In addition, those with the riskiest financial profile—having lower income and fair or poor credit—fell from 7% in Q4 2023 to just 4% in Q4 2024.

    Bettors proved to have a more resilient financial profile than non-bettors. More than half of consumers who bet in either land-based or online channels said their income had gone up a little or a lot in the past 3 months. Only 21% of non-bettors said the same.

    Consumer Credit Scores: Bettors vs Non-bettors

      Land-based Bettors Online Bettors Non-bettors
    Good/Excellent 59% 54% 47%
    Average 22% 24% 19%
    Fair/Bad 18% 20% 24%

    Excellent: 781-850 | Good: 721-780 | Average: 661-720 | Fair: 601-660 | Bad: 300-600

    Consumers who bet also had stronger credit scores, with more than half of land-based and online bettors indicating good or excellent credit scores, compared to just 47% of non-bettors. Conversely, one-third of non-bettors fell into credit score ranges that indicate poorer credit quality—including those who don’t know their score—compared to 22% of online bettors and 20% of land-based bettors.

    Mounting regulatory pressure

    Regulators and consumer advocacy groups became more focused on the betting industry in 2024. Recent studies published by Northwestern and UCLA outlining the risks to personal finances among a subset of players served to elevate the pressure on gaming operators to implement reasonable procedures to identify and curb problem gaming. In response, the industry formed the Responsible Online Gaming Association (ROGA) to establish industry-wide responsible gaming standards and support research and education on safe practices.

    TransUnion’s US Betting Report has consistently found bettors experience higher levels of financial volatility—both positive and negative—relative to non-bettors. This represents a significant challenge for operators when engaging in responsible gaming assessments. It is imperative that gaming operators stay vigilant to ensure their most active players can sustain high levels of play without compromising their financial health.

    “As the industry matures, new tools have emerged to help operators assess players’ financial resilience and promote responsible gaming,” said Raines. “Adopting these measures will help build on the significant investments made by the industry in responsible gaming to date as well as demonstrate good faith efforts to regulators and consumers while protecting profitability for operators in the long run.”

    For full details from the US Betting Report, click here.

    About TransUnion (NYSE: TRU)

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

    Contact Dave Blumberg
    TransUnion
    E-mail david.blumberg@transunion.com
    Telephone 312-972-6646

    The MIL Network –

  • MIL-OSI: Provident Bank Strengthens Executive Leadership Team, Welcoming Chief Lending Officer to Advance Commercial Banking and Lending Strategy

    Source: GlobeNewswire (MIL-OSI)

    ISELIN, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) — Provident Bank, a leading New Jersey-based financial institution, is pleased to announce the addition of Bill Fink as Executive Vice President, Chief Lending Officer, leading the commercial bank and the commercial lending growth strategy.

    Mr. Fink has over 30 years of experience in commercial banking and credit administration and will lead and direct the bank’s commercial lending strategies, including new business development, loan portfolio management, and policy management for all commercial business lines, including C&I, commercial real estate, treasury management, and specialty lines. His expertise in structuring complex credit transactions and developing innovative approaches will help expand the bank’s loan portfolio and drive sustainable growth consistent with the bank’s risk appetite. In addition to overseeing lending initiatives, given his deep commercial banking experience, Mr. Fink will serve as a strategic advisor, collaborating closely with Provident’s Executive Leadership Team.

    “I’m excited to begin a new chapter in my career where I can support Provident Bank’s mission to redefine the super community banking space,” said Bill Fink, Executive Vice President and Chief Lending Officer. “With a strong foundation and clear momentum, I look forward to using my experience in commercial lending to drive growth, strengthen customer relationships, and foster a culture of innovation and excellence that supports Provident Bank’s business strategy.”

    Mr. Fink will oversee a $16B loan portfolio and lead a team of eight direct reports and a total team of 250 employees based in New Jersey, New York, and Pennsylvania. He will also oversee portfolio management and credit risk, ensuring the bank’s lending strategies align with market opportunities and long-term objectives. Mr. Fink will contribute to enhancing credit policies, introducing new lending products, and optimizing the portfolio mix to ensure the bank is providing the best solution to its customers. Additionally, he will represent the bank at industry events and public engagements, strengthening relationships with customers and partners, while reinforcing Provident’s market presence.

    “Bill is an exceptional leader, bringing broad expertise in commercial banking with a vision for driving growth and innovation,” said Anthony Labozzetta, President and CEO, Provident Bank. “I am thrilled to welcome him to our team as we enhance our commercial lending capabilities, deepen customer relationships, and position our bank for long-term success.”

    Mr. Fink brings two decades of leadership experience at TD Bank, N.A., where he held key senior roles across regional and national markets. Most recently, he served as EVP and Head of U.S. Middle Market Banking, leading TD’s nationwide expansion strategy for Middle Market and Asset-Based Lending and overseeing a $24 billion portfolio. Previously, as EVP, Chief Lending Officer, and Head of Credit Management for TD’s U.S. Commercial Banking Division, he played a critical role in credit oversight and risk management.

    Mr. Fink holds an MBA in Management & Finance and a Bachelor of Science in Marketing from St. Joseph’s University. He is also a Certified Public Accountant (CPA) and Chartered Global Management Accountant (CGMA). In addition, he completed the Advanced Finance Postgraduate Program at the Wharton School of the University of Pennsylvania and is a member of the Executive Education Board of Directors at The Wharton School, University of Pennsylvania.

    About Provident Bank
    Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of $24.05 billion as of December 31, 2024, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768.

    Media Contact:
    Provident Bank
    Keith Buscio – keith.buscio@provident.bank
    Vested – providentbank@fullyvested.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1dab4f57-ba76-4ff3-9ba9-48d91a5dc47c

    The MIL Network –

  • MIL-OSI: SensoRy AI and OCFA deploy AI-driven early wildfire detection system in City of Irvine Open Space Preserve

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — In a unified effort to address the growing threat of wildfires in Southern California, Ryan Honary, founder of SensoRy AI, has partnered with the Orange County Fire Authority (OCFA) and the City of Irvine to deploy his award-winning AI-driven wildfire detection system in the Irvine Open Space Preserve.

    SensoRy AI’s platform combines a wireless mesh sensor network with artificial intelligence and machine learning to detect wildfires at their earliest stages, providing firefighters with instant notifications and real-time updates on predicted growth speed and direction. Designed to be low-cost and scalable, the solution is ideal for high-risk areas.

    “Early detection is one of our greatest weapons in what has become a year-round fire season, empowering crews to more safely and effectively execute the robust and rapid initial attack required to keep wildfires small,” said OCFA Fire Chief Brian Fennessy. “For several years now, we have partnered with Ryan and SensoRy AI. We are proud and grateful that his technology has the potential to provide our firefighters with real-time data that expedites resource allocation, improves firefighting strategy, and enhances our mission to protect life and property.”

    The initial installation focuses on high-risk zones within the Irvine Open Space Preserve, which is a part of nearly 40,000 acres of interconnected open space owned by the City of Irvine, OC Parks, and California State Parks that functions as a key ecological corridor connecting open space in Orange County to the Cleveland National Forest. The deployment comes after several successful pilots carried out with the support of Irvine Ranch Conservancy (IRC) at their native seed farm and OC Parks’ Irvine Ranch Open Space.

    “We are thrilled to have partnered with and supported Ryan in the development and testing of SensoRy AI’s technology,” said Dr. Nathan Gregory, Senior Vice President and Chief Programs Officer at IRC. “Utilizing innovative tools to assist with protecting open spaces and communities from wildfire is essential, and this technology will help us do that.”

    So far this year, wildfires have burned over 57,000 acres in California, killing nearly 30 people and causing an estimated $255 billion in economic losses. By merging OCFA’s operational expertise with SensoRy AI’s advanced detection technology, the deployment represents a significant step forward in protecting lives, property and ecosystems from the devastating effects of these disasters.

    “Since 2020, my goal has been to create technology that gives first responders the early warning they need to respond to wildfires faster and more effectively,” said Ryan Honary. “The support I’ve received from experts like Chief Fennessy and Dr. Gregory has been invaluable as I’ve worked to turn what started as a science project into a real-world solution that can save lives.”

    About SensoRy AI

    SensoRy AI, founded by Ryan Honary, is a company dedicated to developing AI-powered solutions for environmental hazard detection. The company’s mission is to provide cutting-edge technology that enables communities and emergency responders to stay ahead of environmental disasters, from wildfires to other critical threats. SensoRy AI’s early detection system is just one of its innovative solutions aimed at protecting lives and property. Learn more at sensoryai.com

    About Orange County Fire Authority

    The Orange County Fire Authority (OCFA) is a regional fire service agency that serves 23 cities in Orange County and all unincorporated areas. OCFA operates from 78 fire stations, providing fire protection and emergency medical services to nearly 2 million residents. The agency is committed to safeguarding lives and property through a combination of fire prevention, education, and effective emergency response.

    About Irvine Ranch Conservancy

    Irvine Ranch Conservancy is a non-profit organization whose mission is to restore, protect, and enhance the ecological health of urban wildlands in a way that fosters compatible human behaviors and inspires connections and partnerships. These lands include the Irvine Ranch Natural Landmarks — over 40,000 acres of precious open space in Orange County that have been recognized for their biological and geological significance. IRC actively manages these critically important areas in partnership with the City of Irvine, City of Newport Beach, OC Parks, and numerous other community partners.

    The MIL Network –

  • MIL-OSI: Array Releases Study Uncovering the 5 Myths Costing the Banking Industry Billions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — Array, a leading embedded consumer products platform, in partnership with industry expert Ron Shevlin and Cornerstone Advisors, announced today the release of research exposing key disparities between banking industry perceptions and reality—along with the financial impact of these misconceptions. The study, Billions Lost: The Cost of Bankers’ Myths About Americans’ Finances, collected insights from 2,500 US adults, recruited to be representative of the US adult population. The report examined generational behavioral trends, focusing on consumer expectations for financial institution offerings and the fintech tools different cohorts are investing in.

    “Over the years, certain misconceptions about consumer attitudes and behaviors have become gospel to bankers,” said Shevlin, Chief Research Officer at Cornerstone Advisors. “It’s time to bust some of the myths that many bankers believe about how Americans manage their financial lives and prove to bankers that the beliefs they’re clinging to are costing them billions of dollars in lost revenue.”

    Key findings from the research include:

    • Myth #1: Direct deposit is key to banking relationships
    • Myth #2: Fintech deteriorates bank and credit union relationships
    • Myth #3: Financial health = education + literacy
    • Myth #4: Young consumers get their financial advice from TikTok
    • Myth #5: No one pays for fintech

    “Financial institutions and fintechs are striving to deepen engagement by offering a diverse suite of financial, identity, and privacy tools. Our study highlights a growing gap between consumer expectations and availability—revealing increasing demand for more seamless access to these tools,” said Amelia Chen, Head of Marketing at Array. “Consumers no longer want to switch between multiple mobile apps to manage their finances; they expect a unified, integrated experience presenting a significant opportunity for both financial institutions and fintechs to meet this demand.”

    Access: Billions Lost: The Cost of Bankers’ Myths About Americans’ Finances here.

    Array will host a webinar on Feb 26th where Shevlin will present key findings from Billions Lost and explore how financial institutions and fintechs can effectively address these misconceptions.

    About Array

    Array fuels financial progress for many of the world’s leading fintechs, financial institutions, and digital brands with a suite of private-label fintech solutions that can be easily embedded. Array drives engagement and revenue for clients by helping them stand out in a crowded market and forge deeper relationships with their customers. More than a suite of products, we’re building a platform to help consumers own their financial future.

    Array was founded in 2020 by Martin Toha and its investors include Battery Ventures, General Catalyst, and Nyca Partners. To learn more visit www.array.com.

    Media Contact:
    Amelia Chen
    amelia.chen@array.com

    The MIL Network –

  • MIL-OSI: Duck Creek Technologies Partners with Worldpay to Enhance Payments Solutions

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced a strategic partnership with Worldpay®, a global industry leader in payments technology and solutions.

    Worldpay’s global payments capabilities embedded in Duck Creek Payments, provide carriers with a seamless, end-to-end payment management platform tailored specifically to the insurance industry. The addition of Worldpay’s payments capabilities fortifies Duck Creek’s ability to serve carriers worldwide with its payments platform while ensuring scalability and future-proofing through continued technology investments.

    “Selecting the right payments processing partner is pivotal to delivering an exceptional experience for our customers,” said Allan Lacoste, Chief Payments Officer at Duck Creek Technologies. “Worldpay aligns perfectly with our mission to provide insurance carriers with secure, efficient, and flexible payment solutions. Through this partnership, Duck Creek Payments becomes even more robust, eliminating the need for costly, bespoke integrations while embedding industry-leading payment processing capabilities directly into Duck Creek’s core technology.”

    This partnership also reflects Duck Creek’s commitment to expanding its Marketplace, where strategic payment partnerships empower carriers to access a comprehensive suite of innovative payment solutions tailored to their unique needs. Worldpay’s technology is a critical, component of the Duck Creek Payments solution, emphasizing its role within the company’s ecosystem.

    “By joining forces with Duck Creek, we are realizing our shared goal of modernizing payment solutions for the insurance industry,” said Jason Pavona, General Manager of North America at Worldpay. “The integration of our advanced payment technologies into Duck Creek Payments gives insurance carriers the tools they need to reduce complexity, deliver a better customer journey, and navigate an increasingly dynamic marketplace.”

    Duck Creek Payments delivers unparalleled value, ensuring carriers benefit from a seamless, future-ready payments experience that integrates effortlessly into existing core systems. Additionally, insurers can process easier, more cost-effective payments and provide customers with increased payment flexibility, including Buy Now, Pay Later (BNPL) options. 

    About Worldpay
    Worldpay is an industry leading payments technology and solutions company with unique capabilities to power omni-commerce across the globe. Our processing solutions allow businesses of all sizes to take, make and manage payments in-person and online from anywhere in the world. Annually, we process over 50 billion transactions across 146 countries and 135 currencies. We help our customers become more efficient, more secure and more successful. To learn more, visit worldpay.com or follow us on LinkedIn, Instagram, X, and or Facebook.

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

    Media Contacts:  

    Duck Creek:
    Marianne Dempsey/Tara Stred  
    duckcreek@threeringsinc.com  

    Worldpay:
    Siobhan Acha Derrington
    Director of Public Relations
    media@worldpay.com

    The MIL Network –

  • MIL-OSI: LightSolver Partners With Ansys to Accelerate CAE Modelling for Automotive and Other Key Industries

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, Feb. 11, 2025 (GLOBE NEWSWIRE) — LightSolver, inventors of a new laser-based computing paradigm, today announced a partnership with Ansys (NASDAQ: ANSS), a leading provider of engineering simulation software. Following a successful test run on LightSolver’s platform, the two companies are working to integrate LightSolver’s technology with Ansys LS-DYNA® nonlinear dynamics structural simulation software to accelerate simulations for automotive, aerospace, and other industries.

    LightSolver’s all-optical Laser Processing Unit™ (LPU) will leverage laser interactions to compute large and complex problems, faster and more efficiently than the most advanced classical HPC systems available today. The LPU processes at the speed of light, making it ideally suited for computations that require massive amounts of iterations, such as optimization problems and simulations for global challenges such as transport scheduling and supply chain optimization, financial risk management, climate simulations, computer-aided engineering (CAE), and many more.

    Today, LightSolver offers a digital platform that emulates LPU functionality and accelerates computations for certain use cases. Together, LightSolver and Ansys collaborated to explore accelerators based on advanced computing methods, successfully testing LightSolver’s digital platform on a number of implicit mechanical analysis cases to reduce floating point operations and storage. The test showed that the combination can shorten product development cycles, ultimately delivering more accurate design insights and reducing costs for companies that use complex engineering models.

    Multiphysics simulations, such as computational fluid dynamics (CFD) and finite element analysis (FEA) often require the calculation of dynamics for billions of grid points across many time steps. As a result, these processes can take hours, days, or even weeks to complete. In the cases tested, LightSolver successfully optimized sparse matrix reordering within the Ansys LS-DYNA solver, reducing the amount of computation required and ultimately enabling faster run times.

    “We’re excited to partner with Ansys and augment the value of their multiphysics simulation tools through acceleration,” said LightSolver CEO and co-founder Ruti Ben-Shlomi, Ph.D. “Modeling in computer-aided engineering remains one of the most computationally intensive workloads requiring specialized HPC infrastructure. We’re looking forward to providing clients with increased value as our hardware platform continues to evolve.”

    About LightSolver
    LightSolver is developing an all-optical supercomputer capable of solving complex and large computational problems at the speed of light. Utilizing the interference patterns of lasers, the Laser Processing Unit™ (LPU) can tackle challenges that were previously constrained by the limits of electronics, while fitting into a rack unit and operating at room temperature. Dr. Ruti Ben-Shlomi and Dr. Chene Tradonsky, physicists from the world-renowned Weizmann Institute, founded the company in 2020. More than 2/3 of the team are physics, math and computer science PhDs. LightSolver has secured investment from TAL Ventures, Entree Capital, IBI Tech Fund, Angular Ventures, Maverick, and Artofin. The company has also received a €12.5M grant from the European Innovation Council (EIC) to advance its all-optical supercomputer. Connect with LightSolver @LightSolverCo on X and on LinkedIn. For more information, visit lightsolver.com or email info@lightsolver.com.

    Media Contact:
    Seth Menacker
    Fusion PR
    lightsolver@fusionpr.com  

    The MIL Network –

  • MIL-OSI: LM Funding America Announces January 2025 Production and Operational Update

    Source: GlobeNewswire (MIL-OSI)

           – 15 MW Oklahoma Mining Site Fully Operational

    – Bitcoin HODL valued at $16.1 million as of January 31, 2025

    TAMPA, Fla., Feb. 11, 2025 (GLOBE NEWSWIRE) —  LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended January 31, 2025.

    Metric Dec 2024 Jan 2025
    – Bitcoin1    
    – Mined, net 7.0   8.0
    – Sold (4.0)   –
    – Purchased 5.0   –
    – Service Fee –   –
    – Bitcoin HODL 150.2   158.2
    – Machines1    
    – Operational 3,681   5,121
    – Storage 2,159   719
    – Total Machines 5,840   5,840
    – Hashrate (EH/s1)    
    – Oklahoma 0.29   0.43
    – Hosted 0.13   0.13
    – Energized 0.42   0.56
    – Storage 0.21   0.07
    – Total 0.63   0.63

    “The energization of our Oklahoma site and reaching our target of 0.56 active EH/s marks a significant achievement for LM Funding,” stated Bruce Rodgers, Chairman and CEO of LM Funding. “Even though we are still a small player in this industry, our disciplined capital allocation, low overhead costs, and strong balance sheet affords us the opportunity to acquire more low-cost energy sites like our Oklahoma site and strategic M&A, while steadily building our Bitcoin holdings. Looking forward, we are pursuing green field and brown field power assets in the 5 to 20 MW range — which don’t meet large operators acquisition thresholds — to continue our growth.”

    The Company estimates that the value of its 158.2 Bitcoin holdings on January 31, 2025, was approximately $16.1 million, based on a Bitcoin price of approximately $102,000 as of January 31, 2025.

    About LM Funding America
    LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.

    Forward-Looking Statements
    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranties of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, uncertainty created by the risks of operating in the cryptocurrency mining business, uncertainty in the cryptocurrency mining business in general, problems with hosting vendors in the mining business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, the ability to finance and grow our cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, the potential need for additional capital in the future, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

    For investor and media inquiries, please contact: 

    Investor Relations 
    Orange Group 
    Yujia Zhai 
    LMFundingIR@orangegroupadvisors.com 

    1 Unaudited

    The MIL Network –

  • MIL-OSI: American Rebel Holdings, Inc. (NASDAQ: AREB) Regains Compliance with NASDAQ Listing Standards as of February 10, 2025.

    Source: GlobeNewswire (MIL-OSI)

    Nashville, Tennessee, Feb. 11, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), is pleased to announce that it has regained compliance with the periodic filing requirement under NASDAQ’s listing rules.

    “Maintaining our NASDAQ listing is of utmost importance to our Company and our stockholders. I would like to extend my deepest gratitude to our internal and external accounting teams for their tireless efforts in ensuring our ability to file our FY2024 3rdQuarter financials that allowed American Rebel to regain compliance with NASDAQ’s listing rules.” Andy Ross, CEO of American Rebel, further commented, “The dedication and hard work of Darin Fielding, CFO of our wholly owned subsidiary, Champion Safe Co., who emerged as our regulatory lead due to his previous auditor experience was instrumental in the coordination between our independent auditors, GBQ and Eventus Advisory Group’s seasoned team of public company accounting professionals.”

    Timeline of NASDAQ Compliance Efforts
            

    November 14, 2024 FY2024 3rd Quarter 10Q due
    November 22, 2024 Company notification by NASDAQ that it no longer met the perioding listing requirement due to the inability to file the FY2024 3rd Quarter 10Q
    January 21, 2025 Deadline for American Rebel Holdings, Inc. to submit a plan to NASDAQ to regain compliance with the listing requirements
    February 7, 2025 American Rebel Holdings, Inc. files Form 10-Q for the period ended September 30, 2024.
      Revenue for the three (3) months ended September 30, 2024 of $2,337,786.00
      Revenue for the nine (9) months ended September 30, 2024 of $9,637,016.00
    February 10, 2025 American Rebel Holdings, Inc. is notified by NASDAQ Staff that with the February 7, 2025 filing of the 10-Q for the period ended September 30, 2024, that the Company is deemed compliant with the NASDAQ Listing Rules.

    In the coming weeks, the Company is planning on providing a brief stockholder update from its CEO, Andy Ross, detailing the progress made in our business units throughout last year. This update will highlight the rapid growth and success American Rebel has experienced in our American Rebel Beverage business unit responsible for American Rebel Light Beer and the positive impacts of the reorganization and streamlining of our product offerings and processes at Champion Safe Co. (www.championsafe.com).

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit www.americanrebel.com and www.americanrebelbeer.com. For investor information, visit www.americanrebel.com/investor-relations.

    American Rebel Holdings, Inc.
    info@americanrebel.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of marketing outreach efforts, continued compliance with Nasdaq listing requirements, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contact:
    Corey Lambrecht, COO
    Corey.lambrecht@americanrebel.com

    The MIL Network –

  • MIL-OSI: SMX Announces Acquisition of cBEYONData

    Source: GlobeNewswire (MIL-OSI)

    HERNDON, Va., Feb. 11, 2025 (GLOBE NEWSWIRE) — SMX, a leader in next-generation mission support, digital transformation, and IT solutions, today announced the acquisition of cBEYONData. cBEYONData is a provider of implementation, design, and managed service capabilities, as well as a proprietary portfolio of budget management and financial analytics solutions that provide real-time data visibility and transparency to customers within the Department of Defense (DoD) and federal civilian agencies. Together, SMX and cBEYONData (collectively the “Company”) are well-positioned to support customers across the public sector, helping them achieve enhanced visibility, operational efficiency, and financial transparency, each key priorities of Congress and the new administration.

    The acquisition creates a leading provider of differentiated digital transformation capabilities, offering a tailored set of solutions that help government customers manage their increasingly complex financial, planning, and analytical needs. Expertise spans across top financial platforms like Oracle, SAP, and Momentum, while ensuring enhanced scalability, flexibility, and security driven by the Company’s strong relationships with leading cloud infrastructure providers such as Amazon Web Services, Microsoft Azure, and Google Cloud.

    Combined, the Company’s deepened capabilities provide meaningful growth and cross-selling opportunities across its base of complementary customers driven by its end-to-end portfolio of specialized enterprise data and system solutions. One example is CFO Control Tower®, a software suite designed to seamlessly integrate with government ERP systems and provide real-time financial data analytics, robust budget planning capabilities, and enhanced collaboration and automation tools. cBEYONData also offers cBEYONDLab®, a cloud-hosted demonstration environment that allows federal agencies to perform continuous exploration of ERP and ERP-enabled solutions prior to making major software purchases, saving substantial costs associated with process realignment and technology initiatives.

    In recognition of cBEYONData’s breadth of solutions, as well as its multi-decade history serving prominent customers including the U.S. Army, Department of Justice, Department of Homeland Security, and other high priority federal agencies, cBEYONData will continue to operate with its current leadership team under a newly established horizontal business unit within SMX—Enterprise Systems and Solutions (ESS)—led by SMX President, Sandeep Dorawala.

    In welcoming cBEYONData, SMX CEO Peter LaMontagne stated, “cBEYONData brings valuable scale and technical expertise to our strategic growth plan to expand our work supporting the business of government. cBEYONData’s successful solutions at the ‘nexus of data and dollars’ is particularly relevant today as government executives and senior military leaders focus on financial transparency and accountability.”

    cBEYONData CEO Dyson Richards commented on the transaction, “In SMX we have found the right partner to accelerate our growth into new areas while embracing our client and employee focused culture. SMX is a great fit for us based on their corporate philosophy and digital transformation acumen, and we see a very bright future together.”

    Financial terms of the transaction were not disclosed. cBEYONData was a portfolio company of Bluestone Investment Partners (“Bluestone”). KippsDeSanto & Co. and G Squared Capital Partners served as financial advisors, and Holland & Knight as legal counsel to cBEYONData and Bluestone. Gibson, Dunn & Crutcher LLP served as legal counsel to SMX.

    About SMX
    SMX is a leader in next-generation cloud, C6ISR, and advanced engineering and IT solutions operating in close proximity to clients across the U.S. and around the globe. SMX delivers scalable and secure solutions combined with the mission expertise needed to accelerate outcomes for the Department of Defense, Intelligence Community, Public Sector, Fortune 1000, and other public and private sector clients. For more information on our services, please visit https://www.smxtech.com/.

    About OceanSound Partners
    OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end-markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth. For more information, visit www.oceansoundpartners.com.

    About cBEYONData
    cBEYONData improves the business of government by understanding the overlapping relationship between data and dollars. We diagnose, design, and implement processes, technology platforms, and the tools and methodologies that help government operate effectively. We believe the right mix of advice, technology, and implementation expertise allows our clients to do right by the budgets, the people, and the mission so that the business of government runs at its very best.

    For inquiries about this press release, please contact us at communications@smxtech.com.

    The MIL Network –

  • MIL-OSI: Morris State Bancshares Declares Special Dividend

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ga., Feb. 11, 2025 (GLOBE NEWSWIRE) — Morris State Bancshares, Inc. (OTCQX: MBLU) (the “Company”), the parent of Morris Bank (the “Bank”), has declared a one-time, special dividend of $0.15 per common, to be paid on March 21, 2025, to all shareholders of record as of February 15, 2025.

    “We’ve demonstrated financial strength and resilience, enabling us to reward our shareholders while well-positioned to capitalize on strategic opportunities,” said Spence Mullis, Chairman and CEO. “This special dividend underscores our confidence in the Bank’s trajectory and our ability to generate value through both earnings and dividends.”

    Forward-looking Statements

    Certain statements contained in this release may not be based on historical facts and are forward-looking statements. These forward-looking statements may be identified by their reference to a future period or periods or by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “may,” “might,” “plan,” “will,” “would,” “could” or “intend.” We caution you not to place undue reliance on the forward-looking statements contained in this news release, in that actual results could differ materially from those indicated in such forward-looking statements as a result of a variety of factors, including, among others, the business and economic conditions; risks related to the integration of acquired businesses and any future acquisitions; changes in management personnel; interest rate risk; ability to execute on planned expansion and organic growth; credit risk and concentrations associated with the Company’s loan portfolio; asset quality and loan charge-offs; inaccuracy of the assumptions and estimates management of the Company makes in establishing reserves for probable loan losses and other estimates; lack of liquidity; impairment of investment securities, goodwill or other intangible assets; the Company’s risk management strategies; increased competition; system failures or failures to prevent breaches of our network security; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes; and increases in capital requirements. We undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this news release.

    The MIL Network –