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  • MIL-OSI: Codere Online Reports Financial Results for the Second Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    • Total revenue was €51.4 mm in Q2 2025, while net gaming revenue1 was €54.8 mm in the period, 1% above Q2 2024 (12% in constant currency terms).
    • Mexico revenue was €26.3 mm in Q2 2025, while net gaming revenue was €29.0 mm in the period, 3% above Q2 2024 (23% in constant currency terms).
    • Net loss was €3.1 mm in H1 2025 versus a net loss of €0.2 mm in H1 2024 primarily due to the impact from exchange rates (€3.0 mm loss in H1 2025 versus €4.8 mm gain in H1 2024).
    • Total cash position of €45.2 mm as of June 30, 2025.
    • Reiterating 2025 net gaming revenue outlook of €220-230 million and Adj. EBITDA2 outlook of €10-15 million.
    • Repurchased $0.7 million of the Company’s shares under the Company’s $5.0 million share buyback plan through July 30, 2025.

    Madrid, Spain and Tel Aviv, Israel, July 31, 2025 – (GLOBE NEWSWIRE) Codere Online (Nasdaq: CDRO / CDROW, the “Company”), a leading online gaming operator in Spain and Latin America, has released its preliminary unaudited3 financial results for the quarter ended June 30, 2025.

    Below are the main financial and operating metrics of the period.

      Quarter ended June 30   Six months ended June 30
      2024 2025 Chg. %   2024 2025 Chg. %
                   
    Net Gaming Revenue (EUR mm)1              
    Spain 21.8 22.1 1%   44.1 44.0 (0%)
    Mexico 28.2 29.0 3%   54.8 59.5 9%
    Other 4.4 3.7 (16%)   8.5 8.2 (4%)
    Total 54.4 54.8 1%   107.4 111.8 4%
                   
    Avg. Monthly Active Players (000s)4              
    Spain 51.5 49.7 (3%)   50.8 50.9 0%
    Mexico 62.3 84.6 36%   62.4 83.3 33%
    Other 31.8 20.8 (35%)   31.2 24.0 (23%)
    Total 145.6 155.1 7%   144.4 158.2 10%

    Aviv Sher, CEO of Codere Online, stated, “Our net gaming revenue reached €54.8 million in the second quarter of 2025, slightly above the prior year period despite the headwinds we faced across most of our markets. In Mexico, we were successful in growing net gaming revenue despite the 19% devaluation of the Mexican peso and grew our portfolio of active customers in the country by an impressive 36% versus Q2 2024.”

    Oscar Iglesias, CFO of Codere Online, commented, “We continue to see strong underlying trends in Mexico, where our net gaming revenue grew by 23% in local currency. With the first half of the year now behind us, and notwithstanding that a number of challenges still remain, we continue to expect to meet our net gaming revenue outlook of €220-230 million and Adj. EBITDA outlook of €10-15 million that we shared earlier this year.”

    Recent Events

    Compliance with Nasdaq Listing Requirements

    • On June 2nd the Company filed its 2024 annual report and on June 6th, Nasdaq informed the Company that it had regained compliance with applicable listing requirements.
    • As a result, the Company’s securities will continue to be listed and traded on the Nasdaq Capital Market and are no longer subject to a delisting process.

    Repurchases under the Share Buyback Plan

    • The Company has repurchased $0.7 million of the Company’s shares at an average price of $6.89 per share under its $5.0 million authorized share buyback plan through July 30, 2025.
    • The plan (as approved by shareholders) authorizes the Company to repurchase up to 1 million of its ordinary shares and expires on March 3, 2026.

    Conference Call Information

    Codere Online’s management will host a conference call to discuss the results and provide a business update at 8:30 am US Eastern Time today, July 31, 2025. Dial-in details as well as the audio webcast and presentation will be accessible on Codere Online’s website at www.codereonline.com. A recording of the webcast will also be available following the conference call.

    Reconciliation of Revenue (IFRS) to Net Gaming Revenue (non-IFRS)

      Quarter ended June 30   Six months ended June 30
    Figures in EUR mm 2024 2025 Chg. %   2024 2025 Chg. %
                   
    Total              
                   
    Revenue 51.7 51.4 (1%)   102.1 105.7    4%
    (+) Accounting Adjustments5 2.7 3.5 30%   5.3 6.1    15%
    Net Gaming Revenue 54.4 54.8 1%   107.4 111.8 4%
                   
    Spain              
                   
    Revenue 21.8 22.1 1%   44.1 44.0 (0%)
    (+) Accounting Adjustments5 – – n.m.   – – n.m.
    Net Gaming Revenue 21.8 22.1 1%   44.1 44.0 (0%)
                   
    Mexico              
                   
    Revenue 25.3 26.3 4%   49.2 53.9 10%
    (+) Accounting Adjustments5 2.9 2.7 (7%)   5.6 5.6 –
    Net Gaming Revenue 28.2 29.0 3%   54.8 59.5 9%
                   
    Other              
                   
    Revenue 4.5 3.0 (33%)   8.8 7.8 (11%)
    (+) Accounting Adjustments5 (0.1) 0.7 n.m.   (0.3) 0.4 n.m.
    Net Gaming Revenue 4.4 3.7 (16%)   8.5 8.2 (4%)

    Reconciliation of Net Income (IFRS) to Adj. EBITDA (non-IFRS)5

      Quarter ended June 30   Six months ended June 30
    Figures in EUR mm 2024 2025 Chg.   2024 2025 Chg.
                   
    Net Income (Loss) (3.7) (2.4) 1.2   (0.2) (3.1) (2.8)
    (+/-) Provision for Corporate Income Tax 0.4 1.1 0.6   0.9 1.3 0.3
    (+/-) Interest Expense / (Income) (0.0) 1.9 2.0   (4.8) 3.0 7.8
    (+/-) Var. in Fair Value of Public Warrants 3.9 1.3 (2.5)   5.8 1.9 (3.9)
    (+) D&A 0.1 0.2 0.1   0.1 0.3 0.2
    EBITDA 0.7 2.1 1.4   1.7 3.4 1.7
    (+) Employee LTIP Expense 0.6 (0.9) (1.4)   1.1 (0.4) (1.5)
    (+/-) Other Accounting Adjustments 0.0 0.0 (0.0)   0.2 0.1 (0.1)
    Adj. EBITDA (Pre Non-Recurring Items) 1.3 1.3 (0.0)   3.0 3.1 0.0
    (+) Non-Recurring Items 0.0 1.1 1.1   0.0 1.1 1.1
    Adj. EBITDA 1.3 2.3 1.1   3.0 4.1 1.1

    About Codere Online 

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

    About Codere Group
    Codere Group is a multinational group devoted to entertainment and leisure. It is a leading player in the private gaming industry, with four decades of experience and with presence in seven countries in Europe (Spain and Italy) and Latin America (Argentina, Colombia, Mexico, Panama, and Uruguay).

    Note on Rounding. Due to decimal rounding, numbers presented throughout this report may not add up precisely to the totals and subtotals provided, and percentages may not precisely reflect the absolute figures.

    Forward-Looking Statements
    Certain statements in this document may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding Codere Online Luxembourg, S.A. and its subsidiaries (collectively, “Codere Online”) or Codere Online’s or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this document may include, for example, statements about Codere Online’s financial performance and, in particular, the potential evolution and distribution of its net gaming revenue; any prospective and illustrative financial information; and changes in Codere Online’s strategy, future operations and target addressable market, financial position, estimated revenues and losses, projected costs, prospects and plans.

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

    As a result of a number of known and unknown risks and uncertainties, Codere Online’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. There may be additional risks that Codere Online does not presently know or that Codere Online currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Some factors that could cause actual results to differ include (i) changes in applicable laws or regulations, including online gaming, privacy, data use and data protection rules and regulations as well as consumers’ heightened expectations regarding proper safeguarding of their personal information, (ii) the impacts and ongoing uncertainties created by regulatory restrictions, changes in perceptions of the gaming industry, changes in policies and increased competition, and geopolitical events such as war, (iii) the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities, (iv) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Codere Online operates, (v) the risk that Codere Online and its current and future collaborators are unable to successfully develop and commercialize Codere Online’s services, or experience significant delays in doing so, (vi) the risk that Codere Online may never achieve or sustain profitability, (vii) the risk that Codere Online will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all, (viii) the risk that Codere Online experiences difficulties in managing its growth and expanding operations, (ix) the risk that third-party providers, including the Codere Group, are not able to fully and timely meet their obligations, (x) the risk that the online gaming operations will not provide the expected benefits due to, among other things, the inability to obtain or maintain online gaming licenses in the anticipated time frame or at all, (xi) the risk that Codere Online is unable to secure or protect its intellectual property, (xii) the risk that Codere Online’s securities may be delisted from Nasdaq and (xiii) the possibility that Codere Online may be adversely affected by other political, economic, business, and/or competitive factors. Additional information concerning certain of these and other risk factors is contained in Codere Online’s filings with the U.S. Securities and Exchange Commission (the “SEC”). All subsequent written and oral forward-looking statements concerning Codere Online or other matters and attributable to Codere Online or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

    Financial Information and Non-GAAP Financial Measures
    Codere Online’s financial statements are prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”), which can differ in certain significant respects from generally accepted accounting principles in the United States of America (“U.S. GAAP”).

    This document includes certain financial measures not presented in accordance with U.S. GAAP or IFRS (“non-GAAP”), such as, without limitation, net gaming revenue, Adjusted EBITDA and constant currency information. These non-GAAP financial measures are not measures of financial performance in accordance with U.S. GAAP or IFRS and may exclude items that are significant in understanding and assessing Codere Online’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under U.S. GAAP or IFRS. You should be aware that Codere Online’s presentation of these measures may not be comparable to similarly-titled measures used by other companies. In addition, the audit of Codere Online’s financial statements in accordance with PCAOB standards, may impact how Codere Online currently calculates its non-GAAP financial measures, and we cannot assure you that there would not be differences, and such differences could be material.

    Codere Online believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends in comparing Codere Online’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. Reconciliations of non-GAAP financial measures to their most directly comparable measure under IFRS are included herein.

    This document may include certain projections of non-GAAP financial measures. Codere Online is unable to quantify certain amounts that would be required to be included in the most directly comparable U.S. GAAP or IFRS financial measures without unreasonable effort, due to the inherent difficulty and variability of accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such comparable measures or such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted, ascertained or assessed, which could have a material impact on its future IFRS financial results. Consequently, no disclosure of estimated comparable U.S. GAAP or IFRS measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included.

    Use of Projections
    This document contains financial forecasts with respect to Codere Online’s business and projected financial results, including net gaming revenue and adjusted EBITDA. Codere Online’s independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this document, and accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this document. These projections should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. See “Forward-Looking Statements” above. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of Codere Online or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this document should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved.

    For further information on the limitations and assumptions underlying these projections, please refer to Codere Online’s filings with the SEC.

    Preliminary Information
    This document contains figures, financial metrics, statistics and other information that is preliminary and subject to change (the “Preliminary Information”). The Preliminary Information has not been audited, reviewed, or compiled by any independent registered public accounting firm. This Preliminary Information is subject to ongoing review including, where applicable, by Codere Online’s independent auditors. Accordingly, no independent registered public accounting firm has expressed an opinion or any other form of assurance with respect to the Preliminary Information. During the course of finalizing such Preliminary Information, adjustments to such Preliminary Information presented herein may be identified, which may be material. Codere Online undertakes no obligation to update or revise the Preliminary Information set forth in this document as a result of new information, future events or otherwise, except as otherwise required by law. The Preliminary Information may differ from actual results. Therefore, you should not place undue reliance upon this Preliminary Information. The Preliminary Information is not a comprehensive statement of financial results, and should not be viewed as a substitute for full financial statements prepared in accordance with IFRS. In addition, the Preliminary Information is not necessarily indicative of the results to be achieved in any future period.

    No Offer or Solicitation
    This document does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

    Trademarks
    This document may contain trademarks, service marks, trade names and copyrights of Codere Online or other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this document may be listed without the TM, SM, © or ® symbols, but Codere Online will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights.

    Industry and Market Data
    In this document, Codere Online relies on and refers to certain information and statistics obtained from publicly available information and third-party sources, which it believes to be reliable. Codere Online has not independently verified the accuracy or completeness of any such publicly-available and third-party information, does not make any representation as to the accuracy or completeness of such data and does not undertake any obligation to update such data after the date of this document. You are cautioned not to give undue weight to such industry and market data.

    Contacts:

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

    1 Net Gaming Revenue is a non-IFRS measure; please see reconciliation of Net Gaming Revenue to Revenue at the end of the report.

    2 Adjusted EBITDA is a non-IFRS measure; please see reconciliation of Adjusted EBITDA to Net Income at the end of the report. Net gaming revenue and Adjusted EBITDA outlooks are forward-looking non-IFRS measures; please see important disclaimers at the end of the report.
    3 See “Preliminary Information” below.        

    4 Average Monthly Active Players include real money (i.e. exclude free bets) sports betting and casino actives.

    5 Figures primarily reflect differences in recognition of revenue related to certain partner and affiliate agreements in place in Colombia, VAT impact from entry fees in Mexico and the impact from the application of inflation accounting (IAS 29) in Argentina.
    5 Please refer to page 26 of our Q2 2025 Earnings Presentation for further details regarding this reconciliation.

    The MIL Network –

  • MIL-OSI: Gilat to Present at the 28th Annual Oppenheimer Technology, Internet & Communications Virtual Conference on Monday, August 11

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, July 31, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced it will be presenting at the 28th Annual Oppenheimer Technology, Internet & Communications Virtual Conference on Monday, August 11, 2025.

    Mr. Adi Sfadia, the Company’s CEO, will be available for one-on-one meetings with investors on August 11 and 12. The company will give a presentation to conference participants on August 11, 2025, at 9:55 am Eastern Time.  

    To schedule a meeting with Mr. Sfadia, please contact an Oppenheimer representative or email a request to the Gilat investor relations team at GilatIR@allianceadvisors.com.

    About Gilat

    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Together with our wholly owned subsidiaries, Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.

    Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to Israel’s preemptive strike against Iran’s nuclear project and the continued hostilities between Israel and Iran, and the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

    Contact:
    Gilat Satellite Networks
    Hagay Katz, Chief Products and Marketing Officer
    hagayk@gilat.com

    Alliance Advisors:
    GilatIR@allianceadvisors.com
    Phone: +1 212 838 3777

    The MIL Network –

  • MIL-OSI United Kingdom: Membership of Fundamental Review of Building Regulations Guidance

    Source: United Kingdom – Executive Government & Departments

    News story

    Membership of Fundamental Review of Building Regulations Guidance

    The government has appointed six members to the Fundamental Review of Building Regulations Guidance panel today.

    Today (31 July), the government has announced the appointment of six members to the Fundamental Review of Building Regulations Guidance panel.  

    The panel is being appointed to support work to deliver on the recommendation from the Grenfell Tower Public Inquiry Phase 2 report, accepted by the government, to review the statutory guidance which accompany the Building Regulations known as Approved Documents.

    In December 2024, we announced that the Building Safety Regulator would be leading a fundamental review of the building regulations guidance, to centre on how they are produced, structured and presented. The Fundamental Review of Building Regulations Guidance panel members will support and inform the review and the members each come with extensive experience across a range of sectors. 

    The panel will provide an interim update in early 2026 and a final report in Summer 2026.

    Minister for Building Safety, Alex Norris said:

    “The appointment of this panel is an important step in our response to the Grenfell Tower Inquiry. Guidance which supports compliance with Building Regulations must be clear, accurate, and practical, and subject to regular updates to ensure it remains effective.  

    “The work of the panel will support our delivery of 1.5 million new homes, by making compliance easier, improving safety and quality in construction, and ensuring greater confidence in the building safety system. I look forward to receiving the panel’s recommendations.”

    Background on the Approved Documents and Building Regulations system

    • The Building Regulations set the minimum required standards for building work, referred to as the ‘functional requirements’.  
    • The Approved Documents contain general guidance on the performance expected of materials and building work, including practical examples of how to achieve compliance in common building situations. 
    • The Grenfell Tower Inquiry raised concerns about the way that the statutory guidance is expressed. In April 2023, the responsibility for updating and keeping Approved Documents under review was transferred to the Building Safety Regulator (BSR), in line with their duty under the Building Safety Act 2022 to keep under review the safety and standards of buildings.  
    • In December 2024, the BSR was commissioned by the government to conduct a fundamental review of the statutory guidance, and the new panel has been appointed to inform this work.

    Further information

    The establishment of the panel was announced on 31 July 2025.

    The Grenfell Tower Phase 2 Inquiry recommended that the statutory guidance be urgently reviewed. On 2 December 2024 the Deputy Prime Minister announced a fundamental review of the statutory guidance to the Building Regulations. This panel will inform that review.   The panel’s role is advisory.  The aim is to produce an interim report in early 2026 and a final report by Summer 2026.   

    Further updates, including the panel’s Terms of Reference, will be published shortly.

    Panel members

    Dinah Bornat, Architect 

    Dinah is a renowned advocate for people-centred development. She is the Director & Co-founder of ZCD, a research-led practice based in London who work on residential, community and commercial projects. She has served as a design advocate for the Mayor of London and an adviser to local authorities and developers. 

    Dan Rossiter, Digital Expert

    Dan is the Built Environment Sector Lead at the British Standards Institute, and Vice-President Technical at the Chartered Institute of Architectural Technologists. He has previously provided his expertise to several national committees relating to information management and technical documentation in the built environment. 

    Danielle Michalska-Morris, Housebuilder 

    Danielle is the Director of Research and Technical Innovation at Taylor Wimpey. She brings to the panel her expert knowledge and experience in low carbon building design and building services.

    Rachel Ferguson, Planner 

    Rachel is Senior Development Manager at Pocket Living. She has extensive expertise in affordable housing, and brings her broad experience in planning including strategic masterplans, estate regeneration projects and new build residentials to this panel. 

    Professor Luke Bisby, Technical Expert

    Luke is the Chair of Fire and Structures and Director of Discipline at the University of Edinburgh. He served as an expert witness to the Grenfell Tower Inquiry, and will bring particular expertise on fire safety to this panel. 

    Dr Hywel Davies, Technical Expert    

    Hywel is the former technical Director for the Chartered Institution of Building Services Engineers (CIBSE). He served as the previous chair of DLUHC’s statutory committee, and the Building Regulations Advisory Committee. He brings to this panel his broad expertise on a range of technical areas.

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Ten-Year-Old Django: Polytechnic Students Celebrate Anniversary Work Season

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    The Polytechnic student teams are back in touch. Today we will go to Crimea together with the agricultural team “Django”. By the way, this is already the tenth working season for our “farmers”.

    The guys celebrated their anniversary at the vineyards of the Massandra company in the village of Malorechenskoye, in the southern part of the peninsula. Many nostalgic memories are associated with this place, because the team is coming here for the third time, everything here has become native and close.

    At work, polytechnicians master the profession of a winegrower: they tie up vines, water and collect ripe bunches of grapes, and look after young vineyards. And in their free time, they explore the surrounding area, visit nearby cities, conquer the Crimean mountains, swim in the sea and organize unforgettable events.

    “What are my feelings about the season? The most diverse! Each new day brings an unusually large number of emotions and impressions, something is constantly happening around – it overwhelms, even confuses from being unaccustomed to it,” shared her impressions of her first trip, “Django” candidate Dasha Shcherbinina. “It seems that I live some new, completely unreal life. And in this life – sun, sea, mountains and endless vineyards!”

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Africa: Op-Ed: Financing Energy Access in Africa: Leveraging Fossil Fuel Revenues to End Energy Poverty (By NJ Ayuk)

    Source: APO – Report:

    NJ Ayuk, Executive Chairman of the African Energy Chamber (https://EnergyChamber.org)

    In an emissions-focused world, do oil and gas revenues have a role to play in ending energy poverty in Africa? It may sound counterintuitive, but many would argue that they do, albeit as enablers of a future powered by alternative energy sources.

    The key lies in recognizing that Africa’s situation is unique, and solutions take time, building on what we have and what we can do with it. This means that, in working towards a just energy transition, the continent’s oil and gas resources shouldn’t be viewed as obstacles that need to be immediately replaced by renewable energy sources. Instead, rather than prematurely phasing out fossil fuels in response to global pressure, Africa should harness these revenues responsibly to finance its energy transition and ultimately eradicate energy poverty.

    Prioritizing Development Alongside Sustainability

    Nearly 600 million Africans still live without access to electricity (https://apo-opa.co/3U6V4uH). This access is a fundamental human right, yet energy poverty remains one of the continent’s most significant barriers to development. This undermines health systems, education, industrialization, and dignity. As the world debates how to rapidly achieve net-zero, Africa’s priority is different: how to power its people now, while building a sustainable future.

    Measuring Africa’s energy transition progress against external calls for an abrupt end to fossil fuels risks leaving millions behind. Our continent contributes less than 4% (https://apo-opa.co/4odEQxF) to global emissions, yet we are expected to decarbonize at the same pace as industrialized nations that built their wealth on hydrocarbons.

    Instead, the continent’s abundance of fossil fuels should be viewed as a bridge, not a barrier. The African Energy Chamber (AEC) Africa-Paris Declaration (https://apo-opa.co/3GO1ImM) underscores this principle – Africa’s oil and gas revenues can and must be used as a financial lever to invest in electrification, clean energy, and infrastructure projects. This pragmatic and just approach prioritizes development alongside sustainability, not instead of.

    There are several ways to achieve this. First, reinvesting oil and gas revenues into rural electrification can transform communities. Decentralized solutions like off-grid solar and mini-grids offer practical ways to reach remote areas. Although urban dwellers do experience power outages, for many rural populations, it’s a way of life. For the mother cooking with firewood or the student studying by candlelight, a small solar grid is life-changing. Fossil fuel revenues can finance these systems at scale, bridging the immediate access gap while longer-term grid expansions are in progress.

    Second, establishing innovative financing mechanisms is essential. For instance, the fledgling Africa Energy Bank (https://apo-opa.co/4l5R2Of) aims to bridge the continent’s estimated $31 billion to $50 billion annual energy funding gap by focusing predominantly on financing energy projects. Launched in 2025, the bank is poised to play a transformative role in mobilizing capital for African energy projects. Additionally, global investors are increasingly exploring energy investment opportunities in Africa. In support of this, development finance institutions, such as the African Development Bank, the World Bank, and the International Finance Corporation, are de-risking investments by offering concessional loans, guarantees, and technical assistance, making investment in African energy projects more attractive. 

    Third, policy reforms that create enabling environments are critical. Here, governments have a role to play in prioritizing revenue-generating projects, creating stable regulatory frameworks, and offering incentives for public-private partnerships. This will support investment, reduce risks, and unlock the transformative power of energy access.

    These solutions demonstrate the importance of a fair and equitable transition and the vital role that fossil fuels will continue to play in achieving this goal. They also prove that this goal is achievable, even if it is on the continent’s own terms.

    Unique Solutions to Africa’s Energy Challenges

    Africa’s path to net-zero has the same end goal as the rest of the world, but it can’t mirror their journey. Our starting points are different, and our development needs are urgent. We understand that climate action can’t be delayed. But it can be just, inclusive, and rooted in African realities. And it can also be supported by revenues from our abundant natural resources.  

    The Africa-Paris Declaration notes that ‘a fair transition recognizes that fossil fuels remain valuable for Africa’s development, prosperity, and energy access goals. Africa doesn’t need to choose between oil and gas or renewables. Given our current position, all are important and require both strategic and sensible deployment. Fossil fuels generate the revenues to invest in solar, wind, hydropower, and grid infrastructure. They fuel industries that create jobs. They support healthcare, education, and innovation.

    When managed responsibly, Africa’s fossil fuel revenue can serve as a bridge to a brighter, greener, and more prosperous continent. Will it be quick and easy? No. Will some question the approach? Most certainly. But the alternative is leaving hundreds of millions of people in the dark.

    – on behalf of African Energy Chamber.

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Russia: Rosneft has created the first robotic complex in Russia for repairing oil pipes

    Translation. Region: Russian Federal

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    Specialists from the Ufa scientific institute of Rosneft have made a real breakthrough – they have developed and patented the first Russian robotic complex for repairing pump and compressor pipes (NKT). This is a fully automated system that uses the most modern technologies for monitoring and managing processes.

    The robotic complex is a modular design that allows changing the equipment configuration depending on the complicating factors common in the production region. Two technological lines allow not only to repair pipes, but also to apply a protective coating to their inner surface. The productivity of the complex reaches 21 thousand pipes per month.

    The main advantage of the development is minimal human involvement. The entire complex process, including sorting, cleaning pipes from various types of contaminants and even such operations as turning and turning connecting couplings, is now performed automatically. The system’s operation is controlled by personnel remotely.

    The introduction of robotic lines provides several advantages at once: production becomes more compact, safer and more efficient. As a result, the share of manual operations will decrease by 53%, while productivity will increase by 25%.

    The project is a successful example of effective interaction between corporate science and production. The Ufa tandem plans to implement this direction not only at Rosneft facilities, but also to replicate its results to third-party oil companies interested in the development of domestic robotics and the effective use of innovations in the repair of tubing.

    The introduction of advanced approaches and technologies is one of the key areas of the Rosneft-2030 strategy. The company pays special attention to innovative development, defining technological leadership as a key factor in competitiveness in the oil market.

    Department of Information and AdvertisingPJSC NK RosneftJuly 31, 2025

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI: Orrön Energy announces the sale of a 76 MW solar project in Germany

    Source: GlobeNewswire (MIL-OSI)

    Orrön Energy AB (“Orrön Energy” or “the Company”) is pleased to announce that it has entered into an agreement with Saxovent Renewables to sell a 76 MW solar project in Germany, for a total consideration of MEUR 4.0. The consideration paid at closing is MEUR 2.0, with the remaining consideration contingent upon municipal and legislative approvals.

    The project is located in the northeastern part of Germany, and is being developed as an agrivoltaic (Agri-PV) project, enabling agricultural activities to take place alongside solar power generation. Half of the total consideration of MEUR 4.0 is paid at closing, which is expected imminently. The contingent consideration of MEUR 2.0 is subject to the fulfilment of two conditions: (i) municipal approval of the zoning plan (Satzungsbeschluss) and (ii) EU Commission approval of the German Solar Package 1 legislation.

    The transaction forms part of the Company’s strategy to monetise early-stage projects from its greenfield portfolio to diversify and enhance revenue streams.

    Daniel Fitzgerald, CEO for Orrön Energy commented;
    “I am very pleased to announce the first sale from our greenfield portfolio in Germany, which demonstrates our ability to unlock value early in the development cycle and marks an important step in delivering on our strategy. Germany remains one of our key markets for greenfield projects, with a strong demand for renewable energy and a supportive regulatory framework. I expect this to be the first in a series of project sales, as we continue to develop and mature our greenfield pipeline and deliver long-term value from this platform.”

    The Company’s CEO, Daniel Fitzgerald, and CFO, Espen Hennie, will host a webcast to comment on the six-month financial report on 6 August 2025 at 14:00 CEST. During the webcast, they will present this transaction along with the latest developments at Orrön Energy, followed by a question-and-answer session.

    Registration for the webcast presentation is available on the website and the below link:
    https://orron-energy.events.inderes.com/q2-report-2025

    For further information, please contact:

    Robert Eriksson
    Corporate Affairs and Investor Relations
    Tel: +46 701 11 26 15
    robert.eriksson@orron.com

    Jenny Sandström
    Communications Lead
    Tel: +41 79 431 63 68
    jenny.sandstrom@orron.com

    This is information that Orrön Energy AB is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 13.25 (CEST) on 31 July 2025.

    Orrön Energy is an independent, publicly listed (Nasdaq Stockholm: “ORRON”) renewable energy company within the Lundin Group of Companies. Orrön Energy’s core portfolio consists of high quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics, the UK, Germany, and France. With significant financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, Orrön Energy is in a unique position to create shareholder value through the energy transition.

    Saxovent Renewables GmbH & Co. KG is an independent project developer, operator, and investor in renewable energy based in Berlin and a wholly owned subsidiary of the investment company Saxovent Smart Eco Investments GmbH. As an experienced full-line provider, Saxovent Renewables covers the entire value chain in the field of renewable energies, from development and implementation to the long-term operation of the plants.

    Forward-looking statements
    Statements in this press release relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “seek”, “will”, “would” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that could occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to several factors, many of which are outside the company’s control. Any forward-looking statements in this press release speak only as of the date on which the statements are made and the company has no obligation (and undertakes no obligation) to update or revise any of them, whether as a result of new information, future events or otherwise.

    Attachment

    The MIL Network –

  • MIL-OSI: DT Midstream Reports Strong Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, July 31, 2025 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) today announced second quarter 2025 reported net income of $107 million, or $1.04 per diluted share. For the second quarter of 2025, Operating Earnings were also $107 million, or $1.04 per diluted share. Adjusted EBITDA for the quarter was $277 million.

    Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release.

    The company also announced that the DT Midstream Board of Directors declared a $0.82 per share dividend on its common stock payable October 15, 2025 to stockholders of record at the close of business September 15, 2025.

    “We had another strong quarter, and the business is performing on track with our full-year plan,” said David Slater, President and CEO. “We continue to make great progress advancing organic projects from our backlog, with $0.6 billion of projects reaching final investment decisions during the second quarter.”

    Slater noted the following significant business updates:

    • Reached a final investment decision on Guardian Pipeline “G3” expansion of approximately 210 MMcf/d
    • Finalized our investment plan for the initial phase of modernization across our new interstate pipelines
    • Achieved an investment-grade credit rating with all three rating agencies
    • Established a record high quarterly gathering volume for our Haynesville system

    “Our second quarter results put us in a strong position to meet our financial goals for 2025 and we are reaffirming our 2025 Adjusted EBITDA guidance of $1.095 to $1.155 billion and our 2026 Adjusted EBITDA early outlook range of $1.155 to $1.225 billion,” said Jeff Jewell, Executive Vice President and CFO.

    The company has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) today. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 9881735. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com.

    About DT Midstream

    DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. For more information, please visit the DT Midstream website at www.dtmidstream.com.

    Why DT Midstream Uses Operating Earnings, Adjusted EBITDA and Distributable Cash Flow

    Use of Operating Earnings Information – Operating Earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. DT Midstream management believes that Operating Earnings provide a more meaningful representation of the company’s earnings from ongoing operations and uses Operating Earnings as the primary performance measurement for external communications with analysts and investors. Internally, DT Midstream uses Operating Earnings to measure performance against budget and to report to the Board of Directors.

    Adjusted EBITDA is defined as GAAP net income attributable to DT Midstream before expenses for interest, taxes, depreciation and amortization, and loss from financing activities, further adjusted to include the proportional share of net income from equity method investees (excluding interest, taxes, depreciation and amortization), and to exclude certain items the company considers non-routine. DT Midstream believes Adjusted EBITDA is useful to the company and external users of DT Midstream’s financial statements in understanding operating results and the ongoing performance of the underlying business because it allows management and investors to have a better understanding of actual operating performance unaffected by the impact of interest, taxes, depreciation, amortization and non-routine charges noted in the table below. We believe the presentation of Adjusted EBITDA is meaningful to investors because it is frequently used by analysts, investors and other interested parties in the midstream industry to evaluate a company’s operating performance without regard to items excluded from the calculation of such measure, which can vary substantially from company to company depending on accounting methods, book value of assets, capital structure and the method by which assets were acquired, among other factors. DT Midstream uses Adjusted EBITDA to assess the company’s performance by reportable segment and as a basis for strategic planning and forecasting.

    Distributable Cash Flow (DCF) is calculated by deducting earnings from equity method investees, depreciation and amortization attributable to noncontrolling interests, cash interest expense, maintenance capital investment (as defined below), and cash taxes from, and adding interest expense, income tax expense, depreciation and amortization, certain items we consider non-routine and dividends and distributions from equity method investees to, Net Income Attributable to DT Midstream. Maintenance capital investment is defined as the total capital expenditures used to maintain or preserve assets or fulfill contractual obligations that do not generate incremental earnings. We believe DCF is a meaningful performance measurement because it is useful to us and external users of our financial statements in estimating the ability of our assets to generate cash earnings after servicing our debt, paying cash taxes and making maintenance capital investments, which could be used for discretionary purposes such as common stock dividends, retirement of debt or expansion capital expenditures.

    In this release, DT Midstream provides 2025 and 2026 Adjusted EBITDA guidance. The reconciliation of net income to Adjusted EBITDA as projected for full-year 2025 and 2026 is not provided. DT Midstream does not forecast net income as it cannot, without unreasonable efforts, estimate or predict with certainty the components of net income. These components, net of tax, may include, but are not limited to, impairments of assets and other charges, divestiture costs, acquisition costs, or changes in accounting principles. All of these components could significantly impact such financial measures. At this time, DT Midstream is not able to estimate the aggregate impact, if any, of these items on future period reported earnings. Accordingly, DT Midstream is not able to provide a corresponding GAAP equivalent for Adjusted EBITDA.

    Forward-looking Statements

    This release contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, business prospects, outcomes of regulatory proceedings, market conditions, and other matters, based on what we believe to be reasonable assumptions and on information currently available to us.

    Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “guidance,” “outlook,” “confident” and other words of similar meaning. The absence of such words, expressions or statements, however, does not mean that the statements are not forward-looking. In particular, express or implied statements relating to future earnings, cash flow, results of operations, uses of cash, tax rates and other measures of financial performance, future actions, conditions or events, potential future plans, strategies or transactions of DT Midstream, and other statements that are not historical facts, are forward-looking statements.

    Forward-looking statements are not guarantees of future results and conditions, but rather are subject to numerous assumptions, risks, and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated, or budgeted. Many factors may impact forward-looking statements of DT Midstream including, but not limited to, the following: changes in general economic conditions, including increases in interest rates and associated Federal Reserve policies, a potential economic recession, and the impact of inflation on our business; industry changes, including the impact of consolidations, alternative energy sources, technological advances, infrastructure constraints and changes in competition; changes in global trade policies and tariffs; global supply chain disruptions; actions taken by third-party operators, producers, processors, transporters and gatherers; changes in expected production from Expand Energy and other third parties in our areas of operation; demand for natural gas gathering, transmission, storage, transportation and water services; the availability and price of natural gas to the consumer compared to the price of alternative and competing fuels; our ability to successfully and timely implement our business plan; our ability to complete organic growth projects on time and on budget; our ability to finance, complete, or successfully integrate acquisitions; our ability to realize the anticipated benefits of the Midwest Pipeline Acquisition and our ability to manage the risks of the Midwest Pipeline Acquisition; the price and availability of debt and equity financing; restrictions in our existing and any future credit facilities and indentures; the effectiveness of our information technology and operational technology systems and practices to detect and defend against evolving cyber attacks on United States critical infrastructure; changing laws regarding cybersecurity and data privacy, and any cybersecurity threat or event; operating hazards, environmental risks, and other risks incidental to gathering, storing and transporting natural gas; geologic and reservoir risks and considerations; natural disasters, adverse weather conditions, casualty losses and other matters beyond our control; the impact of outbreaks of illnesses, epidemics and pandemics, and any related economic effects; the impacts of geopolitical events, including the conflicts in Ukraine and the Middle East; labor relations and markets, including the ability to attract, hire and retain key employee and contract personnel; large customer defaults; changes in tax status, as well as changes in tax rates and regulations; the effects and associated cost of compliance with existing and future laws and governmental regulations, such as the Inflation Reduction Act and the One Big Beautiful Bill Act; changes in environmental laws, regulations or enforcement policies, including laws and regulations relating to pipeline safety, climate change and greenhouse gas emissions; changes in laws and regulations or enforcement policies, including those relating to construction and operation of new interstate gas pipelines, ratemaking to which our pipelines may be subject, or other non-environmental laws and regulations; our ability to qualify for federal income tax credits by Clean Fuels Gathering; our ability to develop low carbon business opportunities and deploy greenhouse gas reducing technologies; changes in insurance markets impacting costs and the level and types of coverage available; the timing and extent of changes in commodity prices; the success of our risk management strategies; the suspension, reduction or termination of our customers’ obligations under our commercial agreements; disruptions due to equipment interruption or failure at our facilities, or third-party facilities on which our business is dependent; the effects of future litigation; and the risks described in our Annual Report on Form 10-K for the year ended December 31, 2024 and our reports and registration statements filed from time to time with the SEC.

    The above list of factors is not exhaustive. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause actual results to vary materially from those stated in forward-looking statements, see the discussion under the section entitled “Risk Factors” in our Annual Report for the year ended December 31, 2024, filed with the SEC on Form 10-K and any other reports filed with the SEC. Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, you should not put undue reliance on any forward-looking statements.

    Any forward-looking statements speak only as of the date on which such statements are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise.

    DT Midstream, Inc.
    Reconciliation of Reported to Operating Earnings (non-GAAP, unaudited)
                                   
      Three Months Ended
      June 30,   March 31,
        2025     2025
      Reported
    Earnings    		   Pre-tax
    Adjustments    		   Income
    Taxes    (1)    		   Operating Earnings   Reported
    Earnings    		   Pre-tax
    Adjustments    		   Income
    Taxes    (1)    		   Operating
    Earnings
      (millions)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 107     $ —     $ —     $ 107     $ 108     $ —     $ —     $ 108  
                                   
      Six Months Ended
      June 30,   June 30,
        2025     2024
      Reported
    Earnings    		   Pre-tax
    Adjustments    		   Income
    Taxes    (1)    		   Operating
    Earnings    		   Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (1)    		   Operating
    Earnings
      (millions)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 215     $ —     $ —     $ 215     $ 193     $ —     $ —     $ 193  
                                   
    (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments
                                   
                                   
    DT Midstream, Inc.
    Reconciliation of Reported to Operating Earnings per diluted share(1)(non-GAAP, unaudited)
                                   
      Three Months Ended
      June 30,   March 31,
        2025     2025
      Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings    		   Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings
      (per share)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 1.04     $ —     $ —     $ 1.04     $ 1.06     $ —     $ —     $ 1.06  
                                   
      Six Months Ended
      June 30,   June 30,
        2025     2024
      Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings    		   Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings
      (per share)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 2.10     $ —     $ —     $ 2.10     $ 1.97     $ —     $ —     $ 1.97  
                                   
    (1) Per share amounts are divided by Weighted Average Common Shares Outstanding — Diluted, as noted on the Consolidated Statements of Operations
    (2) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments
                                   
                                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Consolidated (millions)
    Net Income Attributable to DT Midstream $ 107     $ 108     $ 215     $ 193  
    Plus: Interest expense   40       40       80       79  
    Plus: Income tax expense   34       35       69       64  
    Plus: Depreciation and amortization   63       63       126       103  
    Plus: EBITDA from equity method investees(1)   64       73       137       142  
    Less: Interest income   —       (1 )     (1 )     (1 )
    Less: Earnings from equity method investees   (30 )     (37 )     (67 )     (85 )
    Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (2 )     (2 )
    Adjusted EBITDA $ 277     $ 280     $ 557     $ 493  
                   
    (1) Includes share of our equity method investees’ earnings before interest, taxes, depreciation and amortization, which we refer to as “EBITDA.” A reconciliation of earnings from equity method investees to EBITDA from equity method investees follows:
     
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
      (millions)
    Earnings from equity method investees $ 30     $ 37     $ 67     $ 85  
    Plus: Depreciation and amortization attributable to equity method investees   19       22       41       41  
    Plus: Interest expense attributable to equity method investees   15       14       29       16  
    EBITDA from equity method investees $ 64     $ 73     $ 137     $ 142  
                   
                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA
    Pipeline Segment (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Pipeline (millions)
    Net Income Attributable to DT Midstream $ 93     $ 92     $ 185       145  
    Plus: Interest expense   11       13       24       25  
    Plus: Income tax expense   29       30       59       48  
    Plus: Depreciation and amortization   28       28       56       37  
    Plus: EBITDA from equity method investees(1)   64       73       137       142  
    Less: Interest income   —       (1 )     (1 )     (1 )
    Less: Earnings from equity method investees   (30 )     (37 )     (67 )     (85 )
    Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (2 )     (2 )
    Adjusted EBITDA $ 194     $ 197     $ 391     $ 309  
                   
    (1)  Includes share of our equity method investees’ earnings before interest, taxes, depreciation and amortization, which we refer to as “EBITDA.” A reconciliation of earnings from equity method investees to EBITDA from equity method investees follows:
     
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
      (millions)
    Earnings from equity method investees $ 30     $ 37     $ 67     $ 85  
    Plus: Depreciation and amortization attributable to equity method investees   19       22       41       41  
    Plus: Interest expense attributable to equity method investees   15       14       29       16  
    EBITDA from equity method investees $ 64     $ 73     $ 137     $ 142  
                   
                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA
    Gathering Segment (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Gathering (millions)
    Net Income Attributable to DT Midstream $ 14     $ 16     $ 30     $ 48  
    Plus: Interest expense   29       27       56       54  
    Plus: Income tax expense   5       5       10       16  
    Plus: Depreciation and amortization   35       35       70       66  
    Less: Interest income   —       —       —       —  
    Adjusted EBITDA $ 83     $ 83     $ 166     $ 184  
                   
                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Distributable Cash Flow (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Consolidated (millions)
    Net Income Attributable to DT Midstream $ 107     $ 108     $ 215     $ 193  
    Plus: Interest expense   40       40       80       79  
    Plus: Income tax expense   34       35       69       64  
    Plus: Depreciation and amortization   63       63       126       103  
    Less: Earnings from equity method investees   (30 )     (37 )     (67 )     (85 )
    Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (2 )     (2 )
    Plus: Dividends and distributions from equity method investees   30       48       78       125  
    Less: Cash interest expense   (76 )     —       (76 )     (74 )
    Less: Cash taxes   (4 )     2       (2 )     (3 )
    Less: Maintenance capital investment(1)   (6 )     (8 )     (14 )     (13 )
    Distributable Cash Flow $ 157     $ 250     $ 407     $ 387  
                   
    (1)  Maintenance capital investment is defined as the total capital expenditures used to maintain or preserve assets or fulfill contractual obligations that do not generate incremental earnings.
                   
                   

    The MIL Network –

  • MIL-OSI: Flow Capital Announces a C$15.0M Investment in Common Wealth

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, ON, July 31, 2025 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”) is pleased to announce a C$15.0 million senior secured note in Common Wealth Pension Services Inc. (dba “Common Wealth”), a SaaS company serving the Canadian group retirement market, with a first tranche advance of C$4.0 million.

    Common Wealth offers a modern full-stack platform for group retirement plan administration. With a user-friendly interface and expert support, the platform empowers members to build long-term financial security, enables employers of all sizes to offer competitive retirement benefits, and equips advisors with tools to better serve clients and accelerate the growth of their group retirement practices.

    Flow Capital’s investment will support Common Wealth in accelerating product innovation, expanding its customer base, and scaling operations, advancing the company’s mission to make retirement security accessible to everyone in Canada.

    Growing technology companies seeking flexible, covenant-light, founder-friendly growth capital are encouraged to apply directly at www.flowcap.com/get-funding.

     About Common Wealth

    Common Wealth is driven by its mission to make retirement security accessible to everyone, currently serving over 1,100 employers across Canada, with especially rapid adoption among SMBs and the advisors who serve them. Common Wealth’s vision is to provide its members with a “retirement plan for life” that extends beyond the workplace, and to offer its advisor partners the best platform to power the growth of their businesses. Common Wealth’s retirement technology platform has been awarded Pensions & Investments’ global Innovation Award for Best Technology.

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

     About Flow Capital 

    Flow Capital Corp. is a publicly listed provider of flexible growth capital and alternative debt solutions dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking  growth capital to drive their continued expansion.

    Learn more at www.flowcap.com.

     For further information, please contact:

     Flow Capital Corp.

    Alex Baluta
    Chief Executive Officer
    alex@flowcap.com

     47 Colborne Street, Suite 303,
    Toronto, Ontario M5E 1P8

      Forward-Looking Information and Statements

    Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.

    The MIL Network –

  • MIL-OSI: Japan Blockchain Week 2025 (Aug 22 – Sep 19) — The Perfect Window to Experience Japan’s Most Vibrant Web3 Scene

    Source: GlobeNewswire (MIL-OSI)

    TOKYO, July 31, 2025 (GLOBE NEWSWIRE) — If you have ever thought about visiting Japan’s fast-growing crypto ecosystem, this is the year and this is the moment. From August 22 to September 15, 2025, Tokyo will host Japan Blockchain Week 2025 (JBW 2025)—a four-week festival that bundles the country’s flagship Web3 gatherings into one seamless schedule.

    Launched in 2022 to connect Japan’s builders and community with the global community, JBW has become the annual rendez-vous for investors, founders, developers, and policymakers who want to see where crypto meets the real world. This summer, one JBW AI summit and 6 headline partner events will create an unparalleled density of talent, capital, and cutting-edge ideas:

    Event Schedule

    Date Headline Event What to Expect
    Aug 23 JBW summit AI edition A deep dive into AI × Web3 and the coming ASI era—governance, privacy, and value creation on a planetary scale.This is a futuristic conference where experts from the AI ​​and web3 industries gather to discuss the updates of society around the world in preparation for the ASI era.
    Aug 24 Solana SuperTokyo SuperTokyo2025 is the largest Solana conference in Japan, organized by the Solana Foundation-certified community “SuperTeam Japan” to promote the growth of the Solana ecosystem in Japan. Once a year, Solana entrepreneurs, users, and fans from Japan and abroad will gather in Tokyo to create useful opportunities, and sessions by famous experts and startup camp programs will be held.
    Aug 25-26 WebX WebX2025 is produced by CoinPost, Japan’s largest Web3 media. The event will take place on August 25th and 26th, 2025 at The Prince Park Tower in Tokyo. WebX2025 is Asia’s largest global conference gathering professionals related to crypto assets, blockchain, and other Web3 technologies, offering visitors a direct interaction with companies, experts, entrepreneurs, investors, government officials, and media from Japan and abroad.
    Aug 27 Blockchain Leaders Summit Unified community: Bridge between Japan and the globe Participants will have an extraordinary opportunity to gain valuable insights directly from esteemed industry leaders and emerging powerhouses actively shaping the future landscape.
    Sep
    11    		 Web3privacy now Web3Privacy Now is a think-and-Do-tank of hundreds of people, projects, and organizations committed to protecting and advancing civil liberties, decentralization, and open-source software. ​​We facilitate cross-stack and cross-community collaboration to drive meaningful impact. We challenge standardization and maximalism, avoid abstractions and stereotypes. We work on the forefront of technology with a poly-disciplinary approach, togetherness, and care, assiting each other in clarifying paths toward effective progress.
    Sep 12-15 ETH Tokyo ETHTokyo is an engaging conference and hackathon for the global Ethereum community where people with all sorts of backgrounds, ideas, and skills come together to share their love for Ethereum and its world..
    Sep
    16-19    		 EDCON Once a year, the most impactful speakers, mentors and projects from around the world are invited to attend and share their message. Prior years include: Paris 2017, Toronto 2018, Sydney 2019, Online 2020-21, San Francisco 2022, Montenegro 2023, Tokyo 2024. EDCON is committed to serving the Ethereum ecosystem by boosting communication and engagement between Ethereum communities worldwide.

    Why Plan Your Trip Around JBW 2025?

    • One flight, five world-class conferences. Every week offers a new flagship event—optimise your travel budget while maximising exposure.
    • Cross-pollination at its best. Discuss the future of AI x web3 on Saturday,Meet Solana Tokyo community on Sunday, debate business in Japan on Monday, then hack Solidity in September—without leaving Tokyo.
    • Asia’s most underestimated market. Japan is opening up to token incentives,IP deployment to web3, stablecoin issuance, and DAO frameworks faster than headlines suggest. Tap early.
    • Seamless logistics. All venues are within 30 minutes of central Tokyo; an English-friendly metro, and top-tier hospitality make navigation easy.
    • Culture & crypto in one trip. In between conferences and networking nights, enjoy summer festivals, Michelin-level cuisine, and Tokyo’s unique and diverse culture.

    Quick Facts

    • Total 2024 attendance: over 50,000 attends in-person
    • Official language: English & Japanese (simultaneous interpretation provided)
    • Hashtag: #JBW2025

    About Japan Blockchain Week

    Japan Blockchain Week is a not-for-profit movement launched in 2022 to bridge the Japanese and global blockchain industries. By clustering independent conferences and hackathons under a single seasonal banner, JBW lowers friction for overseas participation and accelerates cross-border collaboration.CoinDesk Japan has joined as an special media partner.

    Comment from Mai Fujimoto

    Co-organizer of Japan Blockchain Week / Co-founder of INTMAX

    “Japan Blockchain Week is more than just a series of events — it has evolved into a platform that bridges Japan and the global Web3 community.This year, JBW brings together seven distinct blockchain events across just one month in Japan. Each event has its own theme and character, offering a completely different perspective on the future every week — an unprecedented format.

    There are few other occasions where such a diverse group of people from across borders and industries gathers in a single city.Join us this summer in Tokyo and Osaka, and let’s shape the future together!”

    Book your flights. Pack your dev laptop. We’ll see you in Tokyo for the most condensed month of Web3 I innovation anywhere in 2025.

    Website | X

    Contact:
    Mio Nanase
    staff@japanblockchainweek.jp

    Disclaimer: This content is provided by Japan Blockchain Week. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/44bc5642-92b2-4885-bc2d-52f6a1ab0ad1

    The MIL Network –

  • MIL-OSI United Kingdom: Cardiff Capital Region backed by £30m to unlock innovation and growth

    Source: United Kingdom – Executive Government & Departments

    Press release

    Cardiff Capital Region backed by £30m to unlock innovation and growth

    Cardiff Capital Region is one of three UK cities and regions supported through the UK Government’s £500m local innovation fund.

    Aerial view of Cardiff.

    • Local partnerships will direct funding to range of priorities, from life sciences to AI, or could capitalise on Cardiff Capital Region’s existing strengths such as in automotive technology to support a greener future
    • Builds on record £86bn R&D settlement until 2030 and backs local skills to deliver economic growth as part of our Plan for Change

    Cardiff Capital Region is among three UK cities and regions receiving at least £30m each from the UK Government to unlock new, locally led innovation that can improve lives across the country, UK Science Minister Lord Vallance has announced today (Tuesday 29 July). 

    Partnerships between the city region authority, businesses and research organisations will work with UK Research and Innovation (UKRI) to invest the funding into a range of regional and national priorities in science and technology – from life sciences to green energy solutions, AI to engineering, and beyond.

    It could even build on the existing strengths of Cardiff, and Wales more widely, from its role in developing electric vehicle components that will help us build a greener world to its data science capabilities which can improve lives from better public services to improving our health. 

    The funding forms part of the Local Innovation Partnerships Fund (LIPF) of up to £500m, announced ahead of last month’s Spending Review to empower local leaders with skin in the game. It will help target innovation investment and make the most of their communities’ expertise to unleash discoveries that benefit us all and grow the economy as part of our Plan for Change.

    The decision to earmark at least £30m to three high-potential areas in Glasgow, Belfast-Derry/Londonderry and Cardiff was reached following collaboration between the UK Government and the governments of Scotland, Northern Ireland and Wales. Seven regions of England were also announced as recipients last month – spanning the North-East to Greater Manchester, Liverpool to London.

    The funding was announced as part of a record £86bn R&D settlement until 2030 and will help the Government to deliver our modern Industrial Strategy by backing high growth sectors and bolstering partnerships with industry for long-term economic growth.

    UK Science Minister Lord Vallance said: 

    From driving the development of electric vehicle components that will help deliver a greener planet to cutting-edge data science work, the Cardiff Capital Region playing a leading role in the technologies of the future that can benefit people throughout the UK.

    By targeting this funding with local leaders to a range of science and technology sectors we can make the most of the expertise across Cardiff and wider Wales to grow the economy as part of our Plan for Change.

    Secretary of State for Wales Jo Stevens said:

    This funding from the UK Government is vital to support Wales’s leading science and technology sectors. We are already punching above our weight in areas where there is huge potential for even more growth. 

    Wales has the talent and expertise to develop high tech solutions to a range of challenges, and this investment will help kickstart innovation, create new well-paid jobs and grow the Welsh economy.

    Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said:

    This investment represents another vote of confidence in the Cardiff capital region and builds on our work supporting its growth, strong university research ecosystem, industry base and innovation clusters over a number of years.

    We will continue working closely with the South East Wales Corporate Joint Committee and the UK Government to build on the region’s strengths, attract significant private investment, strengthen regional partnerships and deliver real benefits for people across South East Wales and beyond.

    High potential innovation clusters in places that have not been earmarked for funding will also be able to bid into a competition, with UKRI publishing guidance on this competition soon.

    The Local Innovation Partnerships Fund represents a significant shift in place-based innovation policy, giving regions greater control over how research and development investment is directed to maximise their innovation potential and drive economic growth.

    It builds on the lessons learned from programmes already underway to support high potential innovation clusters in regions across the UK, including the Strength in Places Fund and the Innovation Accelerator pilot scheme and Innovate UK Launchpads.  

    The Innovation Accelerator pilot scheme alone has leveraged more than

    £140 million in new private investment, created hundreds of jobs across the West Midlands, Greater Manchester and Glasgow City Region, and supported a range of new technologies.

    It includes those developed by the Greater Manchester advanced diagnostic accelerator, delivering quicker and cheaper detection for liver, heart and lung diseases, whilst Moonbility from the West Midlands is using AI software helping train companies to simulate, in real time, potential disruption to the network so they can alert passengers on delay length, giving advice on replanning journeys.

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Oxford Square Capital Corp. Announces Offering of Notes

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., July 31, 2025 (GLOBE NEWSWIRE) — Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQG) (NasdaqGS: OXSQZ) (the “Company”) today announced the commencement of a registered public offering of notes (the “Notes”). The public offering price and other terms of the Notes are to be determined by negotiations between the Company and the underwriters. The Company also plans to grant the underwriters a 30-day option to purchase additional Notes on the same terms and conditions to cover over-allotments, if any.

    The Notes are expected to be listed on the NASDAQ Global Select Market and to trade thereon within 30 days of the original issue date.

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

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

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

    A shelf registration statement relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from the following investment banks: Lucid Capital Markets, LLC at 570 Lexington Ave, 40th Floor, New York, NY 10022, at telephone number (646) 362-0256, or via email at: Prospectus@lucidcm.com; and Piper Sandler & Co., 350 North 5th Street, Suite 1300, Minneapolis, MN 55402, Attention: Prospectus Department, or by telephone at (800) 747-3924, or by email at prospectus@psc.com. The preliminary prospectus supplement, dated July 31, 2025, and accompanying prospectus, dated September 26, 2022, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing.

    About Oxford Square Capital Corp.

    Oxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and, to a lesser extent, debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

    Forward Looking Statements

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

    Contact:
    Bruce Rubin
    203-983-5280

    The MIL Network –

  • MIL-OSI Russia: Thailand adjusts EV subsidy program to boost exports

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BANGKOK, July 31 (Xinhua) — The Thai government on Wednesday approved adjustments to the country’s key incentive programs to encourage manufacturers to boost exports of battery electric vehicles (BEVs), a move aimed at bolstering the country’s position as a regional EV manufacturing hub.

    Manufacturers participating in the EV subsidy program, which started in 2022, are required to produce electric vehicles domestically as compensation for receiving subsidies and exemption from import duties.

    Under the revised terms, one BEV produced for export will count as 1.5 vehicles under the local production quota, making it easier to meet production commitments.

    “The changes will allow for greater flexibility and help Thailand, already a leader in the region’s auto industry, become a key base for electric vehicle production,” said Narit Terdsteerasukdee, secretary general of the Thai Board of Investment (BOI).

    The adjustments to the program come as total investment in the country’s EV supply chain as of June reached 137.7 billion baht (about US$4.21 billion), the BOI said in a statement.

    The move is expected to boost Thailand’s EV exports to around 12,500 units in 2025 and 52,000 units in 2026.

    In the first half of 2025, the number of new BEV registrations increased by 52.4 percent year-on-year to reach 57,289 units, accounting for 15 percent of all new vehicle registrations in Thailand.

    To date, the Thai government has provided subsidies totaling more than 12 billion baht (approximately $367.82 million) for 175,064 BEVs and 34,559 electric motorcycles under the EV 3.0 and 3.5 subsidy programs. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: China calls on EU to ensure fair, impartial and non-discriminatory business environment for Chinese companies

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 31 (Xinhua) — China calls on the European Union (EU) to provide a fair, impartial and non-discriminatory business environment for Chinese companies to invest in and trade with Europe, Ministry of Commerce spokesman He Yadong said at a press conference on Thursday.

    China, he said, hopes the EU will keep its market open, pay attention to the concerns of Chinese companies and show restraint in using restrictive trade and economic measures.

    He Yadong stressed that China will continue to expand high-level opening-up, continuously improve its own business environment, comprehensively ensure national treatment for foreign investors, and strengthen the protection of intellectual property rights to provide quality services to foreign-invested enterprises.

    China welcomes investments in its own economy from more European companies, expansion of their activities in the Chinese market and joint sharing of the country’s development opportunities, the department representative summed up. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI: Yellow Network Launches $YELLOW Token Sale on Republic to Power Universal Web3 Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, USA, July 31, 2025 (GLOBE NEWSWIRE) — – Yellow Network, the universal infrastructure layer for real-time, cross-chain settlement and high-performance Web3 applications, has announced the launch of its token sale on Republic’s OpenDeal Broker LLC, dba THE CAPITAL R*Member FINRA & SiPC. This milestone marks a major step in Yellow’s mission to redefine how digital assets are traded, cleared, and settled across blockchains.

    The $YELLOW token powers the network and unlocks access to its core features, including: 

    • Real-time settlement and asset routing across chains
    • Staking incentives and ecosystem rewards for developers, validators, and contributors. 
    • Governance rights for protocol upgrades and roadmap priorities
    • Security and dispute resolution via the Reserve Vault framework

    “Launching the $YELLOW token on Republic marks a significant step in making foundational Web3 infrastructure accessible to a wider audience,” said Alexis Sirkia, Chairman of Yellow Network. “This sale helps us grow a global community of developers, builders, and users who believe in faster, more scalable blockchain experiences.”

    Yellow Network’s infrastructure stack uses advanced state channel technology to deliver lightning-fast, cross-chain settlement without the need for bridges or centralized intermediaries. Backed by Ripple co-founder Chris Larsen, who led Yellow’s $10 million seed round, the project is becoming the go-to foundation for scalable, secure blockchain applications across finance, gaming, and beyond. 

    Yellow is setting a new standard for compliant, transparent access to blockchain innovation. This collaboration with Republic enables accredited investors in the United States via Reg D to participate in Yellow’s foundational infrastructure layer, supporting the adoption of scalable, chain-agnostic solutions that power decentralized applications.

    About Yellow Network
    [https://www.youtube.com/watch?v=GoMkn5l4rVE]
    Yellow Network is the universal infrastructure layer powering real-time, cross-chain settlement and high-performance Web3 applications. Built on advanced state channel technology, Yellow enables developers to integrate scalable, low-latency blockchain functionality into any application without sacrificing speed, security, or user experience.

    With a modular SDK, universal API, and support for the ERC-7824 standard, Yellow empowers builders across DeFi, gaming, enterprise, and beyond to deliver Web2-quality experiences with Web3-native infrastructure. By eliminating the friction of traditional blockchain development, Yellow is accelerating the adoption of decentralized technologies and laying the foundation to onboard the next billion users. To learn more, visit yellow.org. 

    About Republic
    Republic is a leading on-chain investment ecosystem, leveraging its cutting-edge financial infrastructure to redefine global accessibility and optimize capital efficiency.

    Form CRS: Client Relationship Summary
    This offering is in tokens issued by Yellow Network and not equity in the company.

    This offering is facilitated by OpenDeal Broker LLC, dba THE CAPITAL R, Member FINRA & SiPC (BrokerCheck).

    Affiliates of the parent company to OpenDeal Broker LLC (OpenDeal Inc.) have financial interests in this offering, or in the offering’s sponsors, and may have invested at more favorable terms including the price and lock-up terms.

    Recipients of this message are not obligated to invest.

    *Please note, only US Accredited Investors will be able to participate in this offering.

    This is a speculative, risky investment and may be illiquid or pricing may substantially fluctuate in value. You may lose money. Carefully seek the advice of professionals to understand the risks associated. Not FDIC or SiPC insured.

    This is not an offer to buy or sell securities. Read the detailed disclaimer: https://republic.com/yellow-disclosure

    The MIL Network –

  • MIL-OSI: Vema Hydrogen Names Energy Veteran Jim Kueser Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 31, 2025 (GLOBE NEWSWIRE) — Today, Vema Hydrogen, developer of a disruptive renewable hydrogen production technology, announced that energy veteran Jim Kueser has joined as Chief Financial Officer. The strategic addition will help advance the company’s expansion across the U.S. and global markets, providing sustainable alternatives to support global energy demand.

    As CFO, Jim will lead Vema’s financial unit, including the financing of projects, the ongoing raise of capital as well as joining the leadership team responsible for navigating the long-term strategic roadmap for financing the company. Over the course of three decades of global energy infrastructure and finance experience, he has led 30+ energy infrastructure transactions totaling over $2.9 billion in deployed capital. His expertise will be key as Vema looks to continue its capital campaign and commence the financing of projects to advance its business platform.

    “As the energy sector pivots towards clean fuels and feedstocks, and as demand continues to escalate with the emerging appetite of power-hungry AI data centers, Vema’s hydrogen technology is positioned to be a long-term, low-cost solution,” said Jim Kueser, CFO at Vema. “From decades spent scaling energy companies, I’m eager to support Vema’s ambitious approach to hydrogen production that will make a lasting impact on clean energy supply.”

    Kueser previously co-founded four separate energy startups and led numerous private equity campaigns. His global energy sector tenure includes leading development, M&A, financing, capital-raise and portfolio optimization via investments in EU, Asia, Central America and the Caribbean.

    “With our recent funding, we are making incredible progress in pioneering Engineered Mineral Hydrogen to provide a scalable pathway for clean hydrogen in the U.S.,” said Pierre Levin, CEO of Vema Hydrogen. “As we enter our next phase of development – taking our laboratory R&D to the market – Jim will be central to ensuring that we are progressing financially to produce and supply clean hydrogen that can provide low-carbon energy for centuries to come.”

    About Vema Hydrogen
    Vema Hydrogen has developed a novel approach for the predictable production of cheap and clean hydrogen: Engineered Mineral Hydrogen. Vema’s technological breakthrough de-risks hydrogen production with precise location targeting and predictable, controlled manufacturing, which makes hydrogen a viable pathway for clean energy production. More https://www.vema.earth/.

    Media Contacts
    Mission Control for Vema Hydrogen
    vema@missionc2.com

    The MIL Network –

  • MIL-OSI: Banco Santander-Chile Announces Second Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    SANTIAGO, Chile, July 31, 2025 (GLOBE NEWSWIRE) — Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its results1 for the six-month period ended June 30, 2025, and second quarter 2025 (2Q25).

    Solid financial performance with a ROAE2of 24.5% in 2Q253, the fifth consecutive quarter with a ROAE above 20%.

    As of June 30, 2025, the Bank’s net income attributable to shareholders totaled $550 billion ($2.92 per share and $1.25 per ADR), representing an increase of 62.8% YoY4 and with an ROAE of 25.1% in 6M255 compared to an ROAE of 15.8% in 6M246. The increase in results is explained by an increase in the Bank’s main revenue lines. Operating income increased 22.0% YoY and 12.6% compared to the second quarter of 2024 (2Q24), driven by a better net interest and readjustment income and higher fees and results from financial transactions.

    Compared to the previous quarter (1Q25), net income attributable to shareholders decreased slightly by 0.5%. The UF variation in 2Q25 was lower than in 1Q25, which reduced QoQ7 adjustment gains. The quarter also saw lower results from financial transactions and higher loan loss provisions. This was offset by higher interest income and cost controls. This marked the ROAE of 24.5% in 2Q25, the fifth consecutive quarter with ROAEs above 20%.

    Strong recovery of NIM8, reaching 4.1% in 2Q25

    Accumulated net interest and readjustment income (NII) as of June 30, 2025, increased 26.0% compared to the same period in 2024. This increase in NII was due to higher net interest income due to the effect of a lower monetary policy rate on our funding cost, which fell from 5.0% to 3.9% in 6M25. The increase is also explained by higher readjustment income, resulting from a greater variation in the UF during the period.

    Compared to 1Q25, net interest and readjustment income increased 1.2% QoQ due to a 2.0% increase in average interest earning assets, offset by lower readjustment income due to lower inflation in 2Q25 compared to the previous quarter.

    Given the above, the NIM increased from 3.1% in 2Q24 to 4.1% in 1Q25 and remained at 4.1% in 2Q25.

    The customer base continues to expand, with total customers increasing by 11.5% YoY and digital customers increasing by 7.9% YoY.

    Our strategy of strengthening digital products has led to continued growth in our customer base, reaching approximately 4.5 million customers, of which nearly 2.3 million are digital customers (87% of our active customers).

    The Bank’s market share in checking accounts remains strong at 22.4% through April 2025, driven by increased customer demand for US dollar checking accounts, as customers can open these types of accounts digitally through our platform in a few easy steps. This also demonstrates the success of Getnet’s strategy to encourage cross-selling of other products, such as checking accounts, to SMEs.

    Net commissions increased by 13.2% in 6M25, reaching recurrence levels9of 61.9%.

    Net commissions increased 13.2% in the six months ended June 30, 2025, compared to the same period in 2024, driven by increased customer numbers and greater product usage. As a result, the recurrence ratio (total net commissions divided by core support expenses) increased from 58.3% as of June 2024 to 61.9% as of June 2025, demonstrating that more than half of the Bank’s expenses are funded by commissions generated by our customers.

    Best in Class efficiency10of 35.3% in 6M25.

    The Bank’s efficiency ratio reached 35.3% as of June 30, 2025, better than the 42.1% recorded in the same period last year. Total operating expenses (which include other expenses) increased 2.3% in 6M25 compared to 6M24, driven by administrative expenses primarily related to higher technology expenses in the first quarter, as well as other expenses related to the restructuring of our branch network and the transformation to Work/Café.

    In the first quarter of 2025, the Bank celebrated the major milestone of the Gravity project, the migration from the Mainframe to the Cloud. In January, we transitioned processing to our new Cloud, which resulted in higher transitional technology expenses related to the change and write-downs and impairments related to legacy systems.

    Solid CET1 ratio11of 10.9%.

    Our CET1 ratio rose to 10.9% by the end of June 2025, and the overall Basel III ratio12 will reach 17.0%. The Bank’s capital includes a provision for 60% of 2025 earnings to date.

    Banco Santander Chile is one of the companies with the highest risk ratings in Latin America, with an A2 rating from Moody’s, A- from Standard & Poor’s, A+ from the Japan Credit Rating Agency, AA- from HR Ratings, and A from KBRA. All of our ratings have a stable outlook as of the date of this report.

    As of June 30, 2025, the bank had total assets of Ch$66,188,442 million (US$69,371 million), total gross loans (including those owed by banks) at amortized cost of Ch$40,942,542 million (US$42,911 million), total deposits of Ch$29,614,613 million (US$31,039 million), and shareholders’ equity was $4,514,322 million (US$4,731 million). The BIS capital ratio was 17.0%, with a core capital ratio of 10.9%. As of June 30, 2025, Santander Chile employed 8,660 people and had 231 branches throughout Chile.

    CONTACT INFORMATION
    Cristian Vicuña
    Chief Strategy Officer and Head of Investor Relations
    Banco Santander Chile
    Bandera 140, Floor 20
    Santiago, Chile
    Email: irelations@santander.cl Website: www.santander.cl

    __________________________________________
    1     The information contained in this report is presented in accordance with Chilean Bank GAAP as defined by the Financial Markets Commission (FMC).
    2 Annualized net income attributable to owners of the Bank divided by the average equity attributable to equity holders.
    3 The second quarter of 2025.
    4 Year over year.
    5 The six months ending June 30, 2025.
    6 The six months ending June 30, 2024.
    7 Quarter over quarter.
    8 NIM: Net interest margin. Annualized net interest and readjustment income divided by average interest-earning assets.
    9 Recurrence: net commissions divided by core support costs.
    10 Operating expenses including impairment and other operating expenses/margin+fees+financial trx and other net operating income.
    11 Common Equity Tier 1 divided by risk-weighted assets under Chilean regulation.
    12 Effective equity divided by risk-weighted assets under Chilean regulation.

    The MIL Network –

  • MIL-OSI: ACTFORE Secures Patent for Intelligent Data Extraction from Unstructured Documents, Revolutionizing Breach Response

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., July 31, 2025 (GLOBE NEWSWIRE) — ACTFORE, a leading provider of AI-powered breach response and data mining solutions, announced today the company has been granted a patent from the United States Patent and Trademark Office for its proprietary technology enabling targeted data extraction from unstructured document sets, a first-of-its kind patent in the data mining industry.

    Unlike many industries, the data mining and breach response fields have historically lacked patentable innovations due to their reliance on human-driven workflows and off-the-shelf automation. ACTFORE’s achievement represents a major advancement in automated breach response workflows: the first recognized patent for precision data extraction designed specifically to efficiently and accurately extract sensitive data from massive, unstructured information environments following a breach.

    “This patent isn’t just a milestone for ACTFORE, but for the entire industry,” said CEO Christian Geyer. “In a space where most work is still done manually or through tedious and inaccurate workflows, we’ve introduced a scalable, intelligent solution that truly learns and adapts and can work alongside our team of onshore experts to create an approach that merges manual precision with deep learning to create a hybrid workflow that is both fast and legally defensible.”

    The patent, “Techniques for Targeted Data Extraction from Unstructured Sets of Documents”, refers to ACTFORE’S dynamic interface that allows operators to define “visual boxes” around regions of interest on a document page, then automatically propagate those selections across structurally similar files using deep learning and FAISS-based clustering. Paired with advanced optical character recognition (OCR), the system can extract high-fidelity text, even from scanned or non-machine-readable documents. This allows for targeted, scalable parsing with minimal redundancy and dramatically reduced review time.

    “We’ve essentially built a facial recognition system, but for document layouts,” said Yumna Zaidi, Innovations Team Lead at ACTFORE and Lead Inventor on the patent. “Our tech creates unique embedding vectors for each document structure, letting us match and process them with unprecedented speed and accuracy.”

    This combination of automation and expert-driven human review ensures that sensitive information such as names, account numbers, or health data can be extracted quickly, accurately, and consistently, even across large and messy data sets.

    “Data breaches happen in chaotic, inconsistent environments and ACTFORE is built to handle the complexity,” added Dhiraj Sharma, Senior Data Scientist and Co-Inventor. “By integrating the latest automation and data mining tools with human judgment, we’re able to respond more efficiently and accurately than traditional methods. That’s where this patent truly delivers value.”

    The platform supports a wide range of document types—including unstructured and semi-structured PDFs, images, and text files—and automatically preserves selected coordinates for batch processing at scale. This not only accelerates review but also ensures consistent, defensible results across complex, multi-jurisdictional engagements.

    “We didn’t just apply automation for the sake of speed. We designed a product that understands the complexity of each task and empowers humans to make better decisions, faster,” said Sanskriti Shivhare, Team Lead and Co-Inventor.

    This newly issued patent strengthens ACTFORE’s growing intellectual property portfolio and reflects its continued investment in transforming breach response through applied AI. As data breach volumes rise and regulatory timelines tighten, ACTFORE’s patented technology sets a new industry benchmark for intelligent, scalable remediation.

    About ACTFORE
    ACTFORE delivers advanced AI/ML-powered data mining solutions for legal counsel, insurance carriers, and corporations, specializing in swiftly detecting and uncovering compromised sensitive information in cyber breaches. Capable of processing over 1 million files per hour, ACTFORE’s on-premises, on-shore, technology-first approach offers the fastest and most accurate assessments, enabling clients to quickly understand the scope of exfiltration, mitigate risk, and make informed decisions about ransom payments. Clients maintain full control of their data through ACTFORE’s secure lab or local deployment options. Trusted by over 25 insurance carriers and 35 law firms, including premier Am Law 100 firms, ACTFORE sets the new standard in incident response and data forensics. For more information, please visit www.actfore.com.

    Press Contact:

    Gilda Safowaa
    Communications & Content Strategist
    240-482-9570
    Gilda.Safowaa@actfore.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ab26563-863e-4323-9b45-45a6c178bd92

    The MIL Network –

  • MIL-OSI: GraniteShares Announces Weekly Distributions for its YieldBOOST ETFs: COYY, TSYY, NVYY, XBTY, TQQY and YSPY

    Source: GlobeNewswire (MIL-OSI)

    New York, July 31, 2025 (GLOBE NEWSWIRE) — GraniteShares today announced the weekly distributions for its GraniteShares YieldBOOST ETFs: COYY, TSYY, NVYY, XBTY, TQQY and YSPY, as shown in the table below.

    ETF Ticker ETF Name Distribution Frequency Distribution per Share Distribution Rate1,3 30-Day SEC Yield2 ROC4 Ex-Date & Record Date5,6 Payment Date7
    COYY GraniteShares YieldBOOST COIN ETF Weekly $ 0.8413 180.02 % –   0.00 % Aug 01, 2025 Aug 05, 2025
    TSYY GraniteShares YieldBOOST TSLA ETF Weekly $ 0.2368 139.98 % 0.21 % 98.33 % Aug 01, 2025 Aug 05, 2025
    NVYY GraniteShares YieldBOOST NVDA ETF Weekly $ 0.5222 100.01 % 0.00 % 0.00 % Aug 01, 2025 Aug 05, 2025
    XBTY GraniteShares YieldBOOST Bitcoin ETF Weekly $ 0.4725 99.97 % 0.23 % 5.44 % Aug 01, 2025 Aug 05, 2025
    TQQY GraniteShares YieldBOOST QQQ ETF Weekly $ 0.1864 50.01 % 0.54 % 0.00 % Aug 01, 2025 Aug 05, 2025
    YSPY GraniteShares YieldBOOST SPY ETF Weekly $ 0.1954 49.99 % 0.91 % 0.00 % Aug 01, 2025 Aug 05, 2025


    Distributions are not guaranteed

    Standardized Performance and Fund details can be obtained by clicking the ETF Ticker in the table above or by visiting us at www.graniteshares.com.

    1The Distribution Rate shown is as of based of the NAV per share as of July 30, 2025, adjusted for corporate actions. The Distribution Rate is the annual rate an investor would receive if the most recent distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return to the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing it by the most recent NAV adjusted for corporate actions.

    2The 30-Day SEC Yield represents the net investment income (excluding option income) earned by the ETF over the 30-day period ended June 30, 2025. It is expressed as an annualized percentage rate based on the ETF’s share price at the end of that period. This metric does not reflect the total income generated by the fund, as it excludes option premium income central to the YieldBOOST strategy.

    3Each GraniteShares YieldBOOST ETF seeks to generate income by selling put options on the underlying asset. While this strategy can generate attractive premiums, it generally caps the upside potential of the ETF. If the reference asset appreciates significantly, the ETF will not fully participate in those gains. However, if the reference asset declines in value, the ETF may experience losses that are not offset by the income received. Investors may be exposed to downside risk while forgoing upside participation.

    4ROC or Return of Capital indicates how much the distribution reflects an investor’s initial investment. The figures shown for each Fund in the table above are estimates based on the latest 19a1 forms and may later be determined to be taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), or return of capital. Actual amounts and sources for tax reporting will depend upon the Fund’s investment activities during the remainder of the fiscal year and may be subject to changes based on tax regulations. Your broker will send you a Form 1099-DIV for the calendar year to tell you how to report these distributions for federal income tax purposes.

    5Ex-Date: The first day an ETF trades without the right to receive the upcoming distribution 

    6Record Date: The cut-off date set by the company to determine which ETF holders are eligible to receive the distribution

    7Payment Date: Date on which the distribution is paid to eligible ETF holders.

    Fund shareholders are not entitled to any distribution paid by the Underlying ETFs.

    GraniteShares Advisors LLC has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that total annual fund operating expenses (exclusive of any (i) interest, (ii) brokerage fees and commission, (iii) acquired fund fees and expenses, (iv) fees and expenses associated with instruments in other collective investment vehicles or derivative instruments (including for example options and swap fees and expenses), (v) interest and dividend expense on short sales, (vi) taxes, (vii) other fees related to underlying investments (such as option fees and expenses or swap fees and expenses), (viii) expenses incurred in connection with any merger or reorganization or (ix) extraordinary expenses such as litigation) will not exceed 1.15%. This agreement is effective until December 31, 2025, and it may be terminated before that date only by the Trust’s Board of Trustees. GraniteShares Advisors LLC may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date such fees and expenses were waived or paid, if such reimbursement will not cause the Fund’s total expense ratio to exceed the expense limitation in place at the time of the waiver and/or expense payment and the expense limitation in place at the time of the recoupment.

    This website and its content have been provided by GraniteShares.

    Fund is newly launched and has risks associated with its limited operating history.

    The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. Performance current to the most recent month-end can be obtained by calling (844) 476 8747.

    Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a Prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747 or. Read the prospectus or summary prospectus carefully before investing.

    The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.

    An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as option contracts and swaps are subject to market risks that may cause their price to include Risk of the Underlying ETF, Derivatives Risk, Affiliated Fund Risk, Put Writing Strategy Risk, Option Market Liquidity Risk, Counterparty Risk, Distribution Risk, & NAV Erosion Risk Due to Distribution. These and other risks can be found in the prospectus.

    There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.

    An Investment in the Fund is not an investment in the Underlying ETFs

    – The Fund’s strategy will cap its potential gain if the Underlying ETFs share increases in value.
    – The Fund’s strategy is subject to all potential losses if the Underlying ETFs share decline, which may not be offset by the income received by the Fund,
    – The Fund does not invest directly in the Underlying ETFs,
    – Fund shareholders are not entitled to any distribution paid by Underlying ETFs.

    Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from the returns.

    This information is not an offer to sell or a solicitation of an offer to buy the shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

    THE FUNDS AREDISTRIBUTED BY ALPS DISTRIBIUTORS, INC. GRANITESHRES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC.

    ©2025 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares ETFS, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners.

    Media contact:

    Gregory FCA for GraniteShares
    Te’a Gray, 203-815-4514
    graniteshares@gregoryfca.com

    The MIL Network –

  • MIL-OSI: New TransUnion Analysis Finds 18 Million Auto Loan Borrowers Could Save Substantial Money by Refinancing Their Loans

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 31, 2025 (GLOBE NEWSWIRE) — As inflation remains persistent and interest rates stay elevated, many consumers continue to face pressure on their household budgets—prompting a growing search for ways to improve monthly cash flow. New research from TransUnion (NYSE: TRU) reveals that auto loan refinancing may offer a meaningful path to savings for millions of consumers, while also presenting a valuable opportunity for lenders.

    Of the nearly 80 million open auto loans in the U.S., approximately 18 million are considered “in-the-money” for refinancing. This term refers to borrowers whose current loan rates exceed the prevailing average APR, making them strong candidates to benefit financially from a refinance.

    TransUnion’s analysis found that while rising interest rates have reduced the average monthly savings from auto loan refinancing—from $1071 in 2021 to $90 in 2024—these savings remain meaningful for many consumers. More than half of consumers surveyed indicated they would be motivated to refinance if they could save between $50 and $149 per month.

    “At a time when we are still feeling the effects of inflation on budgets and spending, consumers are exploring every opportunity to save money,” said Jason Laky, executive vice president and head of financial services at TransUnion. “Refinancing an auto loan can reduce monthly payments substantially and bring much needed financial relief to millions of Americans.”

    The number of consumers who are “in-the-money” for an auto loan refinance is poised to grow substantially if the Federal Reserve lowers interest rates. Currently, approximately 18 million consumers meet the criteria and can lower their APR. However, even a modest 25-basis point rate cut would increase that number to nearly 20 million. A whole percentage point (100 basis points) reduction could expand the pool by an additional 6.5 million borrowers.

    More than half of the 18 million consumers “in-the-money” for a refinance have an estimated APR of greater than 10% on their existing auto loan

    Estimated APR on outstanding auto loan < 7.0% 7.0-7.99% 8.0-8.99% 9.0-9.99% 10.0-13.99% 14.0-19.99% >=20.0%
    Percent of consumers 7 % 15 % 16 % 10 % 17 % 20 % 15 %

    Source: TransUnion U.S. Consumer Credit Database

    Refinanced Auto Loans Continue to Outperform Purchase Loans Across Credit Tiers

    A consistent trend has emerged: auto refinance loans are demonstrating stronger performance compared to original purchase loans originated during the same period. This pattern holds true across all credit tiers, with particularly notable results among near prime borrowers.

    An analysis of Q4 2023 vintage loans reveals that consumers who refinanced their auto loans were significantly less likely to be 60 or more days past due (DPD) at the 12-month mark—by a margin of 170 basis points. The performance gap was even more pronounced within the near prime segment, where refinance borrowers outperformed purchase loan borrowers by 320 basis points.

    “Many auto loan borrowers may not realize that refinancing is an option,” said Satyan Merchant, senior vice president and auto and mortgage business leader at TransUnion. “As a result, those who do refinance tend to be more financially savvy and proactive about managing their credit. At a time when other segments of the auto loan market are facing performance challenges, lenders should consider targeting qualified borrowers for refinance opportunities, which have historically shown stronger repayment behavior.”

    In addition to using traditional credit for prescreening purposes, lenders should employ tools to ensure that offers are made in accordance with their current underwriting strategies. For example, leveraging TransUnion TruVision LTV prescreens as part of the prescreen process would help find consumers who are in a specific equity position for a refinance offer. TruAudience Consumer Insights can help refine marketing content for prescreen campaigns or identify new audiences and channels for invitation-to-apply campaigns.

    1 Adjusted for inflation to 2024 dollars.

    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: Cerence AI to Participate in Two Investor Conferences in August

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., July 31, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that the company will participate in two investor conferences in August:

    • Raymond James Industrial Showcase – Cerence AI will host one-on-one investor meetings at the virtual investor conference on Thursday, August 14, 2025.
    • Needham & Company’s 6thAnnual Virtual Semiconductor & SemiCap 1×1 Conference – Cerence AI will host one-on-one investor meetings at the conference on Thursday, August 21, 2025.

    To schedule a meeting, please contact your Raymond James or Needham representative, or Cerence AI Investor Relations at cerence@pondel.com.

    To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

    About Cerence Inc.
    Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 525 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

    Contact Information

    Media Relations: press@cerence.com

    Investor Relations: cerence@pondel.com

    The MIL Network –

  • MIL-OSI: Axiom Intelligence Acquisition Corp 1 Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing August 1, 2025

    Source: GlobeNewswire (MIL-OSI)

    New York, New York, July 31, 2025 (GLOBE NEWSWIRE) — Axiom Intelligence Acquisition Corp 1 (Nasdaq: AXINU) (the “Company”) announced today that, commencing August 1, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and rights included in the units. The Class A ordinary shares and rights that are separated will trade on the Nasdaq Global Market under the symbols “AXIN” and “AXINR”, respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “AXINU.”

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

    About Axiom Intelligence Acquisition Corp 1

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, the Company intends to focus its initial search on companies in the European infrastructure industry.

    Forward-Looking Statements

    This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contact

    Axiom Intelligence Acquisition Corp 1
    Richard Dodd, Executive Chairman / Doug Ward, Chief Executive Officer
    contact@aiac1.com
    +44 20 3973 7928

    The MIL Network –

  • MIL-OSI: ReconAfrica Provides a Corporate Update and Announces That the Kavango West 1X Well Has Started Drilling

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) — Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that the Kavango West 1X exploration well is currently drilling and provides a corporate update on ongoing operations.

    Kavango West 1X (Prospect I) – Well Spud on July 31st

    The Kavango West 1X exploration prospect spud on July 31st. The well is planned to reach total depth (TD) of approximately 3,800 metres (12,500 feet) by the end of November 2025 and is expected to penetrate over 1,500 metres of Otavi carbonate reservoir section, which is the primary target of the Damara Fold Belt play.   The prospect is a large structural fold identified on modern 2D seismic data, which extends over 22 kilometers long by 3 kilometers wide. The Company has identified over 19 prospects and four leads mapped in the Damara Fold Belt trend, with an additional 5.0 million acres captured in a recently executed Memorandum of Understanding in offsetting Angola. More information about the Damara Fold Belt Play, and the Kavango West 1X well, can be found in the Corporate Presentation available on the Company’s website.

    Brian Reinsborough, President and CEO stated: “We are pleased to announce that we have started drilling the Kavango West 1X well. This is an exciting time for everyone at the Company, our partners and stakeholders in Namibia and, of course, shareholders alike. Originally, the Kavango West 1X location was not scheduled to be the next well, but the location was reprioritized after the results of our last well, Naingopo. While this reprioritizing resulted in a slightly longer lead time to spud this location, the Company prioritizes rigorous technical appraisal with respect to location selection to ensure we have the best possible chance for commercial success. We think that the Kavango West 1X prospect represents our best opportunity in the Damara Fold Belt to unlock the potential of this play and we look forward to reporting results expected before year-end 2025.”

    Chris Sembritzky, SVP Exploration commented: “By utilizing our learnings from the Naingopo well, Kavango West 1X represents the best opportunity we have identified on seismic in the Damara Fold Belt play due to its size, hydrocarbon migration pathway and well defined four-way closure.  With our new subsurface learnings, highly experienced drilling crew and optimized, built for purpose drill bits, we believe that we have captured the best possible chance for drilling an efficient, safe and commercially successful well.”

    Corporate Update

    Due to our ongoing drilling activities, the previously announced 3D seismic program that had been scheduled for the second half of 2025 has been moved to the 2026 operating program.The Company is continually reviewing potential investment opportunities that may include acquisition of further acreage for exploration, development and producing properties and joint venture transactions that target acceleration of production and free cash flow, particularly due to the Company’s concentrated asset risk profile.

    Stock Option Grants

    As part of the annual compensation review, the Company has granted incentive stock options (the “Options”) to certain directors, officers, employees and consultants of the Company to acquire an aggregate of 6,960,000 common shares at an exercise price of $0.60 per share. The Options are exercisable for a five-year term expiring July 31, 2030, and will be subject to certain vesting provisions as determined by the Board of Directors of the Company in accordance with the Company’s Stock Option Plan. The Options granted to insiders are subject to restrictions on resale until November 30, 2025, in accordance with the policies of the TSX Venture Exchange.     

    About ReconAfrica

    ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences comprising ~13 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas.

    Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    For further information contact:

    Brian Reinsborough, President and Chief Executive Officer
    Mark Friesen, Managing Director, Investor Relations & Capital Markets

    IR Inquiries Email: investors@reconafrica.com

    Media Inquiries Email: media@reconafrica.com

    Cautionary Note Regarding Forward-Looking Statements:

    Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, statements with respect to the expected timing of spud of the Kavango West 1X well, the well being drilled to a planned total depth of approximately 3,800 metres (12,500 feet), timing to reach total depth of the well, the planning, timing and commencement of a 3D seismic program, identifying and capturing potential opportunities and the Company’s commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in its project areas. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica’s current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company’s actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the “Risk Factors” section in the Company’s annual information form (“AIF”) dated April 29, 2025 for the financial period ended December 31, 2024, available under the Company’s profile at www.sedarplus.ca. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

    The MIL Network –

  • MIL-OSI: QuestionPro Launches Partnerships Ecosystem to Transform Research Industry

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — QuestionPro announces the launch of the QuestionPro Partnerships Ecosystem, a comprehensive ecosystem designed to push the traditional boundaries of speed, intelligence, and depth of research norms. This ecosystem positions itself as the definitive platform for next-generation research capabilities.

    The future of research will be powered by three forces. Faster research turnaround, smarter research processes, and deeper insights.The goal of the QuestionPro Partnerships Ecosystem is to foster a new culture of collaboration to enable our clients to successfully embrace the future of research. Where the future of insights isn’t siloed but collaborative.

    “The question isn’t whether organizations need faster, smarter, deeper research capabilities – it’s whether any single organization can solve all these emerging challenges alone,” said Vivek Bhaskaran, CEO of QuestionPro. “The answer is no. That is at the core of why we built this curated ecosystem.”

    “The future of insights will be powered by ecosystems,” said Sumair Sayani, Global Lead AI Programs & Strategic Partnerships. “The QuestionPro Partner Ecosystem democratizes advanced research capabilities, allowing businesses of all sizes to access enterprise-grade tools without complexity.”

    The QuestionPro Partnerships Ecosystem is now available worldwide. Special offers are available for early adopters, with broader availability throughout Q3 2025. Offering ready-to-launch solutions for every research need, with AI and automation capabilities that reduce time organizing data while increasing time acting on insights.

    About QuestionPro
    Founded in 2006, QuestionPro is a global provider of online survey and research services that help companies make better decisions through data. Our fully integrated online platform includes surveys, research & insights, customer experience (CX) and workforce/employee experience software. We additionally offer polling, journey mapping, employee 360s, and data visualization. Our clientele ranges from small businesses to Fortune 100 companies, who rely on us for insights about customers, employees, and the partnerships. With offices in the US, Canada, Mexico, U.K., Germany, Japan, Australia, the United Arab Emirates and India, we offer customers 24-7 access to highly trained support specialists and engineers. More information is available at https://www.questionpro.com/us/

    The MIL Network –

  • MIL-OSI: Firm Capital Property Trust Announces Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 31, 2025 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust”), (TSX: FCD.UN) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by FCPT of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding trust units.

    The notice provides that FCPT may, during the 12 month period commencing August 5, 2025 and ending no later than August 4, 2026, purchase through the facilities of the TSX and/or alternative Canadian Trading Systems up to 3,266,775 trust units in total, being 10% of the “public float” of trust units as of July 28, 2025. The price which FCPT will pay for any trust units will be the market price at the time of acquisition. During the period of this NCIB, FCPT may make purchases under the NCIB by means of open market transactions. The actual number of trust units which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by senior management of FCPT. The average daily trading volume on the TSX from January 1, 2025 to June 30, 2025 was 24,867 trust units. Daily purchases under the NCIB will be limited to 6,216 trust units, other than block purchases. All trust units purchased by FCPT under the NCIB will be cancelled.

    As of July 28, 2025, there were 36,925,682 trust units of FCPT outstanding, and the public float was 32,667,751 trust units.

    FCPT believes that its trust units may from time to time trade in a price range that does not adequately reflect the value of such units in relation to the business of FCPT and its future business prospects. As a result, depending upon future price movements and other factors, FCPT believes that the outstanding trust units may represent an attractive investment to FCPT. Furthermore, purchases of trust units are expected to benefit all persons who continue to hold trust units by increasing their equity interest in FCPT.

    Pursuant to a previous notice of intention to conduct a NCIB, FCPT sought and received approval from the TSX to purchase up to 3,281,995 trust units through open market purchases on the TSX and alternative Canadian trading systems for the period of July 18, 2024 to July 17, 2025. FCPT did not purchase for cancellation any of its trust units under this prior normal course issuer bid.

    ABOUT FIRM CAPITAL PROPERTY TRUST (TSX : FCD.UN)

    Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income. In partnership with management and industry leaders, the Trust’s plan is to own as well as to co-own a diversified property portfolio of multi-residential, flex industrial and net lease convenience retail. In addition to stand alone accretive acquisitions, the Trust will make joint acquisitions with strong financial partners and acquisitions of partial interests from existing ownership groups, in a manner that provides liquidity to those selling owners and professional management for those remaining as partners. Firm Capital Realty Partners Inc., through a structure focused on an alignment of interests with the Trust sources, syndicates and property and asset manages investments on behalf of the Trust.

    FORWARD LOOKING INFORMATION

    This press release contains contain forward-looking statements within the meaning of applicable securities laws including, among others, statements relating to future purchases of trust units under the NCIB. In some cases, forward-looking statements can be identified by the use of words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, and by discussions of strategies that involve risks and uncertainties. The forward-looking statements are based on certain key expectations and assumptions made by the Trust. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Although management of the Trust believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that future results, levels of activity, performance or achievements will occur as anticipated. These statements are not guarantees and are based on our estimates and assumptions that are subject to risks and uncertainties. These risks include, but are not limited to, risks associated with the Trust’s financial condition and prospects; the stability of general economic and market conditions; interest rates; the underlying value of the Trust and its trust units; the ability of the Trust to complete purchases under the NCIB; the availability of cash for repurchases of outstanding trust units under the NCIB; the existence of alternative uses for the Trust’s cash resources which may be superior to effecting repurchases under the NCIB; compliance by third parties with their contractual obligations; compliance with applicable laws and regulations pertaining to the NCIB; and other risks related to the Trust’s business, including those described in the Trust’s Annual Information Form for the year ended December 31, 2024 under “Risks and Uncertainties” (a copy of which can be obtained at www.sedar.com). Neither the Trust nor any other person assumes responsibility for the accuracy and completeness of any forward-looking statements, and no one has any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or such other factors which affect this information, except as required by law.

    Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Additional information about the Trust is available at www.firmcapital.com or www.sedarplus.ca.

    For further information, please contact:
       
    Robert McKee
    President & Chief Executive Officer
    (416) 635-0221      		 Sandy Poklar
    Chief Financial Officer
    (416) 635-0221
       
    For Investor Relations information, please contact:
       
    Victoria Moayedi
    Director, Investor Relations
    (416) 635-0221    		  
       

    The MIL Network –

  • MIL-OSI: Scality releases open source COSI and CSI drivers to streamline Kubernetes object and file storage provisioning

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, July 31, 2025 (GLOBE NEWSWIRE) — Scality, a global leader in cyber-resilient storage software for the AI era, today announced the release of two open source Kubernetes drivers:

    • A Container Object Storage Interface (COSI) driver, compatible with any S3-compatible object storage solution—including Scality’s RING and ARTESCA
    • A Container Storage Interface (CSI) driver that allows Kubernetes to provision file storage directly from RING S3 buckets

    COSI is an open Kubernetes standard that enables cloud-native applications to provision and consume object storage — such as S3 buckets — using familiar Kubernetes APIs and workflows. Much like the CSI standard for file storage, COSI brings object storage into the Kubernetes ecosystem as a first-class resource. Scality’s COSI driver automates bucket provisioning, credential management, and access controls — eliminating the need for manual configuration or custom scripts.

    CSI is an open source interface that enables native Kubernetes integration. It allows developers to provision, attach, mount, and manage file storage volumes directly within their Kubernetes workflows, leveraging massive scale out capabilities of RING.

    Users gain streamlined S3 storage operations for both object and file storage 
    These latest Scality innovations empower organizations and cloud service providers to streamline operations and accelerate development by allowing applications to dynamically request object storage resources using standard Kubernetes APIs. The COSI and CSI drivers automatically handle the backend provisioning of S3 buckets, identity and access management (IAM) credentials, and access configuration all without user intervention.

    “Our new COSI and CSI drivers bridge the gap between Kubernetes-native application development and enterprise-grade object storage,” said Erwan Girard, Chief Product Officer, Scality Inc. “By leveraging the standard S3 and IAM APIs — instead of proprietary protocols — we’re providing developers with a completely transparent, standards-based interface for scalable, secure, persistent storage.”

    Fully integrated Kubernetes storage, delivered via open source
    Unlike alternate methods that require manual configuration or custom scripting, the Scality COSI driver tightly integrates with Kubernetes orchestration. Application developers can simply define bucket claims and access resources within their Kubernetes manifests. The driver automates the creation of S3 buckets on Scality RING, generates user credentials, and stores them securely in Kubernetes for use — all within seconds.

    This seamless developer experience is made possible through Scality’s commitment to Kubernetes-native workflows and open-source innovation. Both the COSI and complementary CSI drivers are available as open-source projects, giving users full transparency and flexibility.

    “By releasing our COSI and CSI drivers as open source, we’re contributing to the broader Kubernetes and cloud-native ecosystem,” said Girard. “This aligns with our long-standing philosophy of openness and customer choice and reflects our leadership in delivering next-generation solutions for modern applications.”

    Automatic S3 bucket access for Kubernetes workloads
    The new COSI driver for RING is especially valuable for enterprises and cloud service providers that rely on Kubernetes as a foundation for scalable applications and need integrated access to object storage that is both performant and cost-effective. Whether operating in a private data center or a multi-tenant cloud platform, users benefit from:

    • Kubernetes-native provisioning of S3-compatible object storage
    • Fully automated credential and bucket management via IAM integration
    • Open source availability for transparency and extensibility
    • Support for Scality RING, the industry’s fastest object store, also available in all-flash (RING XP) for high-performance workloads

    Optional file system support via Scality’s CSI driver 
    The new Scality open source drivers support a broad range of use cases including cloud-native development, DevOps workflows, data pipeline integration, and multi-tenant SaaS platforms. In addition to Scality’s COSI driver, the CSI driver enables file-based access for Kubernetes workloads that require access to a POSIX-like file system volume while still benefiting from the scalability and cost-efficiency of object storage behind the scenes. This is particularly useful for service providers looking to implement pay-as-you-go billing models that enable users to only pay for what they consume, rather than over-provisioning fixed-capacity file system volumes.

    “Scality’s S3 object storage easily scales with demand, provides fast, easy access to data, and offers advanced protection to ensure uninterrupted business operations,” said Jeyhun Garayev, Director of Information Technology Department, AzInTelecom. “The RING environment gives us the flexibility to adapt and expand our infrastructure as our business evolves.”

    Available now for Scality RING, ARTESCA and the open source community
    The new COSI driver is compatible with both Scality RING and ARTESCA, while the CSI driver is fully qualified for use with Scality RING, the company’s industry-leading object storage platform. The drivers are available at no additional cost for licensed RING and ARTESCA customers and are provided as part of the standard implementation toolkit. As open source software, the code is publicly accessible for evaluation and customization. To access the COSI and CSI drivers for RING/ARTESCA and related documentation, visit:

    Read more about our open source COSI driver for Kubernetes in our latest blog: 

    About Scality
    Scality solves organizations’ biggest data storage challenges — growth, security, performance, and cost. Designed for end-to-end cyber resilience, only Scality S3 object storage with CORE5 safeguards data at every level of the system, from API to architecture. Its patented MultiScale Architecture enables limitless, independent scalability in all critical dimensions to meet the unpredictable demands of modern workloads. The world’s most discerning companies depend on Scality to accelerate high-performance AI initiatives, optimize cloud deployments, and defend their data with confidence. Recognized as a leader by Gartner, Scality software is reliable, secure, and sustainable. Follow us on LinkedIn. Visit www.scality.com and our blog.

    Media Contact: 
    Erin Jones
    Avista Public Relations for Scality
    805.440.6587 
    scality@avistapr.com

    The MIL Network –

  • MIL-OSI: Teads Unveils Connected Ads: A New Premium Brand and Performance Solution for the Open Internet

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — Teads (NASDAQ: TEAD), the omnichannel outcomes platform for the open internet, today announced the beta launch of Connected Ads, an innovative branding solution which expands creative possibilities and engagement across premium publisher environments while reinforcing the company’s core value proposition: to deliver brand-to-performance outcomes at scale.

    Connected Ads introduces a unified ad experience featuring two complementary ad placements within the same publisher page – the first embedded within the article and the second at the end of the article. As users scroll through publisher pages, the second ad placement appears, creating a canvas for more opportunities for brands to stand out. Advertisers can use this space for high-impact messaging or introduce interactive elements to deepen engagement. This exclusive format gives advertisers two sequential, high-attention opportunities in a single content session, helping brands build awareness and drive measurable outcomes on the open internet.

    “With this unique ad experience, we’re giving brands the ability to cut through the noise and tell new impactful stories,” said Remi Cackel, EVP of Global Demand Product at Teads. “Fully rooted in Teads’ creative excellence, it’s the first step in achieving brandformance goals in one seamless experience, powered by high-quality environments and user-first design.”

    Key benefits of Connected Ads include:

    • A premium open-web branding format that enables sequential storytelling and deeper engagement.
    • High-attention placements that maximize impact without disrupting the user experience.
    • An exclusive creative solution, only available on the Teads platform.
    • Built for brands that value premium environments, innovation, and brand-to-performance outcomes.

    Connected Ads reflects Teads’ ongoing commitment to innovation at the intersection of brand and performance outcomes, enabling advertisers to capitalize on multiple stages of the marketing funnel within a single integrated solution.

    The beta launch is live across leading publishers in Germany, France, Italy, Japan, the UK, and the US and is being tested by several enterprise advertisers.

    About Teads
    Teads is the omnichannel outcomes platform for the open internet, driving full-funnel results for marketers across premium media. With a focus on meaningful business outcomes for branding and performance objectives, Teads ensures value is driven with every media dollar by leveraging predictive AI technology to connect quality media, beautiful brand creative, and context-driven addressability and measurement. One of the most scaled advertising platforms on the open internet, Teads is directly partnered with more than 10,000 publishers and 20,000 advertisers globally. The company is headquartered in New York, with a global team of nearly 1,800 people in 30+ countries.

    For more information, visit www.teads.com.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives. You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “guidance,” “outlook,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions.

    We have based these forward-looking statements largely on our current expectations and projections regarding future events and trends that we believe may affect our business, financial condition and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors, including but not limited to: the risk that advertisers may not adopt our new Connected Ads solution at the rate we expect or that the beta program may not be successful; the risk that our new ad formats, including Connected Ads, may not deliver the anticipated benefits of enhanced attention, storytelling, and brand-to-performance outcomes; risks related to the successful development and scaling of new and complex advertising products; our ability to compete effectively and maintain any technological or creative advantages in the competitive digital advertising market; and the other important risks described in the section entitled “Risk Factors” and elsewhere in the Annual Report on Form 10-K filed for the year ended December 31, 2024, in the Quarterly Report on Form 10-Q filed for the quarter ended March 31, 2025, and in subsequent reports filed with the Securities and Exchange Commission (the “SEC”), which are available on our website at https://investors.teads.com/ and on the SEC’s website at www.sec.gov.

    Accordingly, you should not rely upon forward-looking statements as predictions of future events. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those projected in the forward-looking statements. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Media Contact
    press@teads.com

    Investor Relations Contact
    IR@teads.com
    (332) 205-8999

    The MIL Network –

  • MIL-OSI: Sprott Announces Date for 2025 Second Quarter Results Webcast

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 31, 2025 (GLOBE NEWSWIRE) — Sprott Inc. (NYSE:SII) (TSX:SII) (“Sprott”) announced today that it plans to release its 2025 second quarter results at 7:00 a.m. on August 6, 2025. Sprott will host an earnings webcast that morning at 10:00 a.m. to discuss the results. Sprott CEO, Whitney George, together with Sprott CFO, Kevin Hibbert and Sprott Asset Management CEO, John Ciampaglia, will host the webcast, which can be accessed as outlined below.


    PLEASE NOTE:     Research analysts who cover the company should register at:
    https://register-conf.media-server.com/register/BI5667904652564dc48b47adb69137c413

    Pre-registration is now open.

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

    Investor contact information: (416) 943-4394 or ir@sprott.com.

    The MIL Network –

  • MIL-OSI: TAB Bank Adds Sam Cirelli to Strengthen Northeast Lending Team

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, July 31, 2025 (GLOBE NEWSWIRE) — TAB Bank has added Sam Cirelli as Vice President, Business Development, to strengthen the Northeast lending team. Based in New York, Cirelli has spent over 30 years as a corporate lender and advisor to small and mid-sized companies. He managed, directed, and closed more than $10 billion in loan commitments across 700 transactions in multiple industries.

    “I’m excited to help TAB grow its business in the Northeast region and use my expertise to develop reliable and creative financial solutions for clients,” said Cirelli. “I’m honored to be part of the TAB Bank team and be a trusted advisor in helping businesses achieve their goals.”

    Cirelli has extensive experience in executive management, portfolio management, underwriting, loan origination and structuring. He was previously an originations manager and sales manager at Triumph, where he grew the Northeast region’s business. He has also founded and led two prominent asset-based lending startups.

    Cirelli was a founding managing partner of Northern Lights Partners, a boutique investment bank raising capital and debt and advising on mergers and acquisitions. He has also served as global loan origination director for General Motors Finance, where he was responsible for the US, UK and Canadian markets.

    Cirelli has been an adjunct professor at New York University, teaching Harvard Case Studies in corporate finance, and at Wagner College, teaching undergraduate and MBA programs in corporate finance. He received a bachelor’s degree in finance and an MBA from St. John’s University.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to building value in all we do through our innovative banking products.   Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-710-6318
    trevor.morris@tabbank.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c9726fbb-6563-49b7-a042-061dab830f6a.

    The MIL Network –

  • MIL-OSI Economics: Monthly Data on India’s International Trade in Services for the Month of June 2025

    Source: Reserve Bank of India

    The value of exports and imports of services during June 2025 is given in the following table.

    International Trade in Services
    (US$ million)
    Month Receipts (Exports) Payments (Imports)
    April – 2025 32,843
    (8.8)    		 16,909
    (0.9)
    May – 2025 32,452
    (9.6)    		 16,694
    (-1.1)
    June – 2025 32,105
    (12.0)    		 15,897
    (5.0)
    Note: Figures in parentheses are growth rates over the corresponding month of the previous year which have been revised on the basis of balance of payments statistics.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/817

    MIL OSI Economics –