Category: Business

MIL-OSI USA: Apply Now for Colorado’s Free Universal Preschool: Early February Deadlines for 2025-26 Enrollment
Source: US State of Colorado

DENVER — Colorado families continue shaping history, with more than 19,000 applications already submitted for Colorado Universal Preschool’s 2025-26 enrollment. This nationally recognized program provides up to 15 hours of free, high-quality preschool weekly for children in their pre-kindergarten year, with additional hours available for qualifying families.

“Free preschool is saving Coloradans an average of $6,100 every year while giving students the best possible start. We are thrilled that so many families have already signed up for the next school year to better prepare their child for success,” said Governor Jared Polis.

“Colorado’s Universal Preschool Program is transforming lives and has propelled Colorado from 27th to 7th in preschool enrollment across the nation,” said Dr. Lisa Roy, Executive Director of the Colorado Department of Early Childhood. “With over 85,600 children served in just two years, now is the time for all eligible families to apply for the upcoming school year.”

Key Enrollment Deadlines
- Feb. 5: First family-to-provider matching round deadline. Families applying by this date increase their chances of securing a top-choice preschool.
- Feb. 3: Pre-registration deadline for families continuing care with a participating provider, with a sibling enrolled, or with a family member employed by a provider.
- March 5: Final matching round deadline. After this, families can directly enroll with providers as space allows.
Colorado’s innovative enrollment process provides multiple pathways, including pre-registration, general registration, and direct enrollment. Families can choose from diverse settings—home-based, school-based, or community-based—to find the best fit for their child. Families can check to see when they are eligible based on their district’s kindergarten eligibility dates, using this Age Eligibility Lookup Tool.

Program Director Dawn Odean said, “With one in three eligible children enrolled for the upcoming year and a history of matching 90% of families with their first or second choice, it’s exciting to see that our continuous improvement and strong partnerships across the state are delivering real results for families.”

How to Apply Families

can easily apply online and explore resources at UPK.Colorado.Gov.

For support: 💻
Visit: Help.Upk.Colorado.Gov
📧Email: universalpreschool@state.co.us
📲Call: 303-866-5223 (Monday–Friday, 8 a.m.–8 p.m. MST).

Interpreters available in 100+ languages.

Early Education: A Critical Investment in Colorado’s Future

“Investing in high-quality early education is one of the most impactful steps we can take,” said Dr. Lisa Roy, Executive Director of the Colorado Department of Early Childhood. “With 90% of brain development occurring by age five, preschool helps build essential skills for lifelong success, from early literacy to social-emotional growth. Colorado families: Don’t wait! Apply today to give your child the best possible start in this nationally celebrated program.

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MIL OSI USA News –
January 31, 2025
MIL-OSI: Mitsubishi HC Capital America Shares Predictions for 2025 in the Equipment Finance Industry

Source: GlobeNewswire (MIL-OSI)

CHICAGO, Jan. 30, 2025 (GLOBE NEWSWIRE) — With the start of a year that is expected to have less inflation, monetary easing and more economic growth, Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, has outlined six key predictions that are likely to play a significant role in shaping the equipment finance industry in 2025.

“The convergence of economic shifts and technological advancements in 2024 has created a unique financing landscape for 2025,” said Brian Rosa, President of Commercial Finance for Mitsubishi HC Capital America. “While many organizations may take a measured approach initially, we’re seeing that those who strategically leverage financing solutions – particularly for technology and sustainability initiatives – are positioning themselves for significant growth.”

1. Banks pull back on small business lending

Recent Federal Reserve data shows bank lending to small businesses dropped by 18% in 2024. However, the U.S. Chamber of Commerce reports 60% of small businesses plan to make significant capital investments in 2025, up from 42% two years ago.

This divergence creates both challenges and opportunities for small businesses looking to secure financing in 2025. Small business owners should partner with independent lenders for creative and flexible financing options to stay competitive and thrive in the new year.

2. AI and supercomputing needs will need financing support

Much like the infinite nature of the scale that supercomputing projects offer the world, financing these projects feels equally as infinite. Large scale computing projects involving AI or cloud computing will become more frequent and larger in 2025 and in the years to come. Driven by hyperscalers and other large companies, these projects require a significant amount of time, capital and energy to complete. “Financing models that can support project completion and scale as the project grows will be a necessary lever for tech companies to support these projects,” adds Rosa.

3. Technology enables new financing models and competitive advantage

“Advancements in technology are revolutionizing equipment financing through enhanced usage analytics and “as-a-service” models,” explains Rosa. “Advanced IoT and telematics now provide real-time analytics and insights, enabling both financing providers and customers to make faster, more informed decisions about equipment utilization.”

This technology allows lenders to develop more competitive rates based on actual usage patterns, while creating new opportunities for usage-based financing structures. Beyond basic implementation, organizations that can creatively apply these technological capabilities to develop innovative financing solutions will gain a competitive edge. The winners, he says, will be those who can leverage these tools to identify market trends faster and develop flexible financing arrangements that align with true operational needs.

4. High inventory levels will make rentals attractive

The flexibility of short-term leases and equipment rental opportunities are helping organizations take advantage of higher inventory levels and use new technology without a large payment or significant operating expense.

Rosa explains, “Short-term leases provide organizations with more flexibility, and the financing landscape is evolving to support this trend.” He further says that the increasing popularity of these financing models will help organizations more accurately budget for a project, allowing them to buy the equipment they need without restricting their up-front cash flow. With an increase in demand for projects and an influx of equipment that is available, Rosa projects it will be less expensive and more flexible for companies to rent equipment.

5. Business case for sustainability remains strong

In recent years, both U.S. and Canadian governments and corporations have pulled back on sustainability initiatives. However, the business case for sustainability remains strong and we expect corporations to continue to fund sustainability programs, says Rosa.

He adds, “Prioritizing sustainability initiatives that have a direct business case will aid organizations in making an impact not just on the world, but also their bottom line. From financing electric vehicle projects to supporting more sustainable manufacturing in supply chains, environmentally friendly investments will drive shareholder returns on clean energy targets.”

6. Shifting Political Dynamics in the U.S. and Canada
New leadership in the U.S. with talks of international tariffs, along with a very fluid political environment in Canada, will impact both countries in 2025, predicts Rosa. He expects governments in both countries to take a cautious approach to determine the next steps with rate cuts as economic data is released.

“Organizations that position themselves to take advantage of new regulations or seize new opportunities quickly will be well suited in 2025,” Rosa anticipates.

About Mitsubishi HC Capital America

Mitsubishi HC Capital America is a commercial finance company that has extensive capabilities throughout North America with its affiliate, Mitsubishi HC Capital Canada, combining a consultative approach and expansive digital platform to help organizations of all sizes accelerate growth. With $7.5 billion in assets and more than 800 employees, the company is the largest non-captive, non-bank commercial finance company in North America. Mitsubishi HC Capital America partners with equipment manufacturers, dealers, and distributors, as well as end customers, in providing customized financial solutions, including transportation and commercial finance. Dedicated to improving the communities where it operates, the company is committed to the United Nations Sustainable Development Goals. Visit Mitsubishi HC Capital America for more information.

The MIL Network –

January 31, 2025
MIL-OSI: ASUS Named One of Fortune’s World’s Most Admired Companies for the 10th Time in 2025

Source: GlobeNewswire (MIL-OSI)

TORONTO, Jan. 30, 2025 (GLOBE NEWSWIRE) — ASUS today announced it has been listed among Fortune’s World’s Most Admired Companies for 2025, marking the 10th time the company has earned this prestigious accolade. ASUS was recognized for its use of corporate assets, social responsibility, and long-term investment — core values that drive the company’s global competitiveness and have established it as an industry leader.

“We are honored to be recognized by Fortune for the tenth time,” said Jonney Shih, Chairman of ASUS. “This achievement reaffirms the success of our Design Thinking approach, which prioritizes customer satisfaction as the key to driving sustainable growth. At the heart of this success is our unwavering commitment to a culture of radical truth and transparency, which empowers our teams to innovate, overcome challenges, and fully embrace revolutionary technologies like AI.”

The World’s Most Admired Companies list is one of the most comprehensive rankings of corporate reputations compiled annually by Fortune magazine with Korn Ferry, a global organizational consulting firm. The consistent placement of ASUS on this list reflects its unwavering commitment to technological advancement and its ability to deliver products and services that meet the highest standards of quality and performance.

ASUS has long been a leader in the tech industry, known for its relentless pursuit of user-centricity and innovation in areas like AI, gaming, and sustainability. ASUS continues to push the boundaries of innovation, as demonstrated by the launch of the new sub-1kg Zenbook A14 in Canada today. This commitment to cutting-edge technology is also reflected in its latest lineup of groundbreaking devices, including the Zenbook DUO, ROG Strix SCAR 18, and ROG Flow Z13—along with many more innovations unveiled at CES 2025. By consistently delivering industry-leading advancements, ASUS reinforces its position as a global technology pioneer.

NOTES TO EDITORS

Fortune Ranking: https://fortune.com/ranking/worlds-most-admired-companies/
Zenbook A14: https://asus.com/ca-en/laptops/for-home/zenbook/asus-zenbook-a14-ux3407/
ASUS Zenbook A14 ASUS Store Where to Buy Link: https://shop.asus.com/ca-en/zenbook-a14-ux3407-copilot-pc.html
Zenbook DUO: https://www.asus.com/ca-en/laptops/for-home/zenbook/asus-zenbook-duo-2024-ux8406/
ROG Strix SCAR 18: https://rog.asus.com/ca-en/laptops/rog-strix/rog-strix-scar-18-2025/
ROG Flow Z13: https://rog.asus.com/ca-en/laptops/rog-flow/rog-flow-z13-2025/
ASUS LinkedIn: https://www.linkedin.com/company/asus/posts/
ASUS Pressroom: http://press.asus.com
ASUS Canada Facebook: https://www.facebook.com/asuscanada/
ASUS Canada Instagram: https://www.instagram.com/asus_ca
ASUS Canada YouTube: https://ca.asus.click/youtube
ASUS Global X (Twitter): https://www.x.com/asus

About ASUS

ASUS is a global technology leader that provides the world’s most innovative and intuitive devices, components, and solutions to deliver incredible experiences that enhance the lives of people everywhere. With its team of 5,000 in-house R&D experts, the company is world-renowned for continuously reimagining today’s technologies. Consistently ranked as one of Fortune’s World’s Most Admired Companies, ASUS is also committed to sustaining an incredible future. The goal is to create a net zero enterprise that helps drive the shift towards a circular economy, with a responsible supply chain creating shared value for every one of us.

An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c1b7e066-031d-4bab-9d95-fd8f2fd37804

The MIL Network –

January 31, 2025
MIL-OSI Global: Red Sea crisis: supply chain issues set to continue despite Gaza ceasefire

Source: The Conversation – UK – By Gokcay Balci, Lecturer in Sustainable Freight Transport and Logistics, University of Leeds

A large container ship passing through the Suez Canal in Egypt. byvalet / Shutterstock

The world’s major shipping companies say they won’t be sending vessels back to the Red Sea any time soon despite a pledge by Iran-backed Houthi militants in Yemen not to attack them as long as the ceasefire in Gaza holds.

French shipping and logistics company CMA CGM said in a statement on January 25 that the improved stability was “a positive but fragile sign” for the industry, and that it would continue to prioritise alternative routes.

Since November 2023, one month after the war in Gaza began, the Houthis have launched missile and drone attacks against roughly 190 commercial and naval ships in the Red Sea’s Bab al-Mandab Strait. The group claims to have carried out attacks on vessels connected with Israel, or heading to its ports, in solidarity with Palestinians in the Gaza Strip. Though this has not always been the case.

These attacks have prompted many shipping companies to stop using the Red Sea – a route that around 12% of global trade usually passes through – and divert around the southern tip of Africa. This route adds more than 7,000 nautical miles on to a typical round-trip voyage. The number of commercial ships using the Suez Canal to pass between the Mediterranean and the Red Sea plummeted from over 26,000 in 2023 to 13,200 in 2024.

Supply chains have had to deal with higher shipping costs, product delivery delays, and increased carbon emissions as a result of this diversion. The Gaza ceasefire gave some hope that the disruption would finally end. But shipping lines will not hurry back to the region until long-term security is guaranteed.

Since November 2023, shipping companies have been diverting their vessels around the southern tip of Africa to avoid the Red Sea.
Dimitrios Karamitros / Shutterstock

During the early stages of the crisis, moving a container from Shanghai in China to Europe cost approximately 250% more than before the war in Gaza began. This was largely due to increased fuel costs and higher insurance premiums. Freight rates (the price companies pay to transport goods) remained high throughout 2024, despite some fluctuations.

The cost of moving a 40-foot container from Shanghai to Rotterdam in the Netherlands, for example, surged from around US$4,400 on average in January to above US$8,000 by August. This had dropped to US$4,900 at the end of the year.

It is too early to say whether these costs will be passed on to consumers in the form of higher prices – full transmission through the supply chain to consumer prices can take upwards of 12 months. But some estimates suggest global consumer prices could rise by 0.6% on average in 2025 as these increased shipping costs filter through the supply chain.

Diverting around southern Africa also resulted in delays in the delivery of many goods and components. The proportion of container ships that arrived on schedule dropped from 60% on average worldwide in 2023 to about 50% throughout 2024. This created congestion at ports because ships often arrived at their destination later than planned, resulting in further delivery delays.

Unreliable transit times are a significant issue for supply chains because they make it difficult for businesses to plan inventory and coordinate production schedules. Indeed, several vehicle manufacturers, including Tesla and Volvo, temporarily suspended manufacturing in early 2024 due to a lack of components. And food supply chains, including those for avocados, tea and coffee, were also affected by delays.

Since then, many companies have adapted by increasing their safety stock levels and transporting cargo using alternative modes of transport like air and rail. Some European firms have also adopted a strategy called “nearshoring”, where they source products from regions closer to home such as Turkey and Morocco instead of relying on suppliers in Asia.

Increased emissions

The longer route around southern Africa requires that ships travelling between Europe and Asia use around 33% more fuel on average than they would use by travelling through the Red Sea at the same speed.

Over the past decade, most shipping companies have employed a “slow steaming” policy to economise on fuel use and minimise their carbon emissions. But diverted ships have been travelling around 5% faster than usual in an attempt to minimise delays. The increased vessel speeds will have caused the associated emissions toll to rise – large container vessels require 2.2% more fuel for every 1% increase in speed.

More data is required to determine the precise amount of additional emissions caused by diverting shipping away from the Red Sea. But estimates suggest that approximately 13.6 million tonnes of CO₂ were emitted by ships rerouted from the Red Sea between December 2023 and April 2024 – equivalent to the carbon emissions of nine million cars over the same period. If ships continue to avoid the region, the increased emissions could amount to 41 million extra tonnes of CO₂ per year.

Some cargo has also shifted from sea transport to air freight, which has a far greater environmental footprint. Shipping a kilogram of product by long-haul air freight generates at least 50 times more CO₂ emissions on average than container shipping.

Carbon emissions have increased due to the diversion of vessels around southern Africa.
David G40 / Shutterstock

Before returning to the Suez Canal, container lines will want to see a prolonged period of stability around the Red Sea. This is due, in part, to safety and security concerns related to the crew, cargo and the ship.

But shipping companies also have operational challenges to keep in mind associated with the scheduling of port calls and voyages. Shipping lines will find it difficult to switch back to the longer route around Africa immediately if attacks in the Red Sea resume.

And, at least for now, the situation in the Bab al-Mandab Strait remains unpredictable. In a televised speech on January 20, Houthi leader Abdul-Malik al-Houthi warned: “We have our finger on the trigger.”

With other disruptions continuing to affect global shipping, such as port strikes, low water levels in the Panama Canal and extreme weather events, supply chain issues are likely to continue throughout 2025.

Gokcay Balci does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Red Sea crisis: supply chain issues set to continue despite Gaza ceasefire – https://theconversation.com/red-sea-crisis-supply-chain-issues-set-to-continue-despite-gaza-ceasefire-248469

MIL OSI – Global Reports –

January 31, 2025
MIL-OSI Global: If we listen to how Gen Z really feel about democracy they might stop telling us they prefer authoritarianism

Source: The Conversation – UK – By Melissa Butcher, Professor Emeritus, Social and Cultural Geography, Royal Holloway University of London

New research from broadcaster Channel 4 reveals a troubling trend towards support for authoritarianism among young people in the UK. The report “Gen Z: Trends, Truth and Trust” found that 52% of the 2,000 13-27 year olds surveyed would agree that “the UK would be better with a strong leader in charge who does not have to bother with Parliament and elections”.

This correlates with a 2023 study from pro-democracy organisation Open Society Foundations, which found 42% of young people in its global sample felt military rule was a good way of running a country. Other research has found a disillusionment with democracy among young people.

These are trends to be worried about. But Gen Z are not somehow inherently anti-democratic. Understanding why these trends are happening is vital if young people are to participate in democracy.

At Cumberland Lodge, an education charity that uses dialogue to address social division and conflict, I’m working with colleagues and young people on a nationwide youth and democracy network to re-think what politics in the UK could look like.

Hearing Gen Z

Our team has conducted 12 discussion groups with 101 young people around the country, looking at what stops them getting involved with democratic practices and institutions. Using this research as a starting point, we are now working with a core group of young people to develop their capacities to engage with, and re-imagine democracy.

What we are learning is that young people’s disengagement is not necessarily a sign of apathy or anti-democratic tendencies. The young people we are working with want to engage with politics, but they feel a vast sense of distrust. They see politicians as prioritising their own and corporate interests over public good, and willing to break promises on issues that affect young people’s lives.

Feeling unsupported by their political system makes young people feel vulnerable – especially in the face of a multitude of global crises. In their lifetime, the world has lurched from a global financial crisis to a worldwide pandemic and to war in Europe. They have to navigate housing shortages, a lack of mental health support, the climate emergency, artificial intelligence and changing identity and social roles.

A perception of an “elite” system that is supposed to work for everyone, but excludes or even actively works against the sectors of society most affected by these crises, harms young people’s trust in democracy.

Gen Z deal with an onslaught of information about a rapidly changing world.
DimaBerlin/Shutterstock

But a shift towards support for authoritarianism is by no means inevitable. The Open Society Foundations study found that 86% of young people surveyed still wanted to live in a democracy.

In Channel 4’s research, too, 73% of Gen Z think democracy is a “very” or “fairly good” way of governing the UK. And young people want to learn about democracy and the democratic process.

Our youth and democracy network shows young people are not apathetic. Many want to get involved. They want a better, fairer world. They see the shortcomings of the current system and imagine something better.

Getting young people involved

To enable this to happen, political and media literacy is crucial for providing young people with necessary knowledge and confidence. Investment in education on democracy is necessary, as many young people in our network wanted to engage but felt overwhelmed and uncertain about where to start. Liam in Sunderland said:

Most people our age aren’t educated on [democracy and politics]. It’s restricted knowledge. We’re given the impression that we can’t do anything about it anyway, so just don’t worry.

Young people want representatives who understand and engage with the day-to-day realities of their lives, rather than seeing Gen Z as a photo opportunity, as Chloe from Liverpool argued.

They’ll come here and they’ll speak to us, but they’re not coming there to listen; they’re coming here so they can go back to wherever they came from and be like ‘oh I spoke to a young person’.

Many of the young people in our youth network are calling for reform of the political system in order to facilitate these changes: a new voting system, or an exploration of forms of direct democracy.

But importantly, what we have seen in this research over the last year, is that young people can shift how they view power. We think of democracy as more than just systems of governance, but it’s also how we organize, how we communicate with each other, how we mobilise around social issues, and how we build consensus.

In this sense democracy is not solely something external and out of reach but something that can emerge when young people come together.

By working to improve democratic education and to put a system in place that listens to and engages with young people, politicians can help Gen Z re-imagine a democracy that gives them a future. At that point, they might stop telling researchers that they prefer authoritarianism.

Melissa Butcher is a member of the Green Party.

– ref. If we listen to how Gen Z really feel about democracy they might stop telling us they prefer authoritarianism – https://theconversation.com/if-we-listen-to-how-gen-z-really-feel-about-democracy-they-might-stop-telling-us-they-prefer-authoritarianism-248628

MIL OSI – Global Reports –

January 31, 2025
MIL-OSI Global: Trump inviting influencers to White House press briefings is likely to usher in a new era of fake news

Source: The Conversation – UK – By Steven Buckley, Lecturer in Digital Media Sociology., City St George’s, University of London

Just over a week after Donald Trump was sworn in as 47th president of the United States, his new press secretary, Karoline Leavitt, appeared in the James S. Brady press briefing room to preside over her first media conference. Pulling up a chart that showed Americans’ declining trust in traditional, or what she called “legacy”, media outlets, Leavitt announced that henceforth, “independent journalists, podcasters, social media influencers and content creators” would be welcome at press briefings.

Leavitt said that seats formerly reserved for White House officials would be available to these independent journalists, and invited people to apply online for White House press accreditation. It has since been reported that the White House has received more than 7,400 applications.

In principle, broadening the range of media outlets allowed into White House press briefings is a good idea. There’s no doubt that the media consumption habits of the American public are changing fast. But the way Trump and his communications team handled press briefings in his first term raises some concerns.

During that first term between 2017 and 2021, Trump and his White House communications team tended to favour reporters from friendly media outfits such as Fox News. Early in his administration, a number of reporters from what were perceived as “hostile” organisations were banned from “the huddle” – the informal gatherings around Trump’s press secretary that followed more formal briefings.

Fringe organisations such as Breitbart News and the One America News network carried Trump’s message faithfully and got disproportionately favourable access. This week, Breitbart was one of two online media outlets (alongside the widely respected news website Axios) that Leavitt selected to ask the first questions at her debut press briefing.

It’s not just their friendly disposition towards Trump but their reach that makes social media influencers appealing to the incoming president. Their primary purpose at the press briefings would be to help generate positive messages and content to feed to Trump’s Maga base – which are then promoted on platforms such as Elon Musk’s X (formerly Twitter).

Recent research suggests that X has adjusted its algorithm to boost right-wing content as well as posts by Musk himself. A clear example has been Musk promoting the former Fox News host turned online influencer and Trump campaign surrogate Tucker Carlson’s online show.

Undermining public regard for journalism

But there may be another, insidious function of inviting these influencers to the White House press briefing room. Their presence beside professional journalists from traditional media outlets is likely to undermine public regard for journalism in general. This could sow even greater mistrust in the US media, which is already at record lows.

In recent years, there has been a gradual blurring of lines between traditional and digital media. But while research consistently shows, across a wide cross-section of countries and within those countries, traditional media is still more trusted than new media, this is not to say that all new media outlets should be excluded. Many of these organisations and individuals have a track record of holding power to account.

Bellingcat – a coalition of researchers, investigators and citizen journalists – typically uses open-source information to uncover important stories of public interest. Individual journalists such as Taylor Lorenz, who covers the tech and creator industry, and Ken Klippenstein, who is well known for getting hold of internal government documents, are also good examples of journalists who produce quality reports from outside the traditional mainstream.

It should ideally be journalists such as these, with track records for solid and impartial reporting, who are invited into the White House fold – although there’s every chance they would get the same sort of treatment as reporters such as CNN’s Jim Acosta, whom Trump famously branded an “enemy of the people” when refusing to answer a question from him in 2018.

Acosta, incidentally, has just left CNN after the network moved him to the midnight “graveyard” slot. Shortly after signing off from his final CNN broadcast on January 28, Acosta appeared on his own Substack feed to announce he would go it alone.

It seems unlikely, though, that he will be awarded one of the coveted new independent media accreditations, given Trump’s recent attack on him. Celebrating Acosta’s apparent relegation by CNN, Trump took to his TruthSocial media site to call him “one of the worst and most dishonest reporters in journalistic history, a major sleazebag”.

Polarised media, divided audiences

It’s likely that America’s news media will only become more polarised during this second Trump administration, including an increasingly toxic mix of content creators dominating social media platforms. And now that Mark Zuckerberg has decided to remove Meta’s factchecking mechanism in favour of “community moderation”, research suggests this is likely to incentivise political messages which polarise and provoke rather than inform people.

Read more:
What Meta’s move to community moderation could mean for misinformation

We’ve already seen that the incoming president was more than willing to use lawsuits to intimidate journalists. Trump recently won a legal case over ABC when its journalist George Stephanopoulos defamed him by falsely saying he had been found liable for rape.

This, combined with Trump’s threat to sue the Des Moines Register and its pollster Ann Selzer over their allegations of election interference, are likely to increase the chilling effect on free speech. Legal threats such as these may serve to discourage close scrutiny of his second administration.

Meanwhile, the steady rise in prominence of partisan influencers using increasingly dangerous language is only likely to lead to the American public having less faith in the institutions that are critical to a functioning democracy – the press included.

Steven Buckley does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Trump inviting influencers to White House press briefings is likely to usher in a new era of fake news – https://theconversation.com/trump-inviting-influencers-to-white-house-press-briefings-is-likely-to-usher-in-a-new-era-of-fake-news-247410

MIL OSI – Global Reports –

January 31, 2025
MIL-OSI Global: Why I loved the new Mussolini drama – by an expert in Italian fascism

Source: The Conversation – UK – By John Foot, Professor of Modern Italian History, University of Bristol

As a historian who has studied and taught courses on Italian fascism, I have spent many hours watching footage and listening to the speeches of dictator Benito Mussolini, who ruled over the country from 1922 to 1943.

So I was rather excited to be asked to review the new Sky Atlantic TV series M: Son of the Century. The series focuses on the rise of Italian fascism and its consolidation in power from 1919 to 1925. Watching all eight parts in one sitting, I was astounded above all by the performance by well-known Italian actor Luca Marinelli.

Marinelli is on screen for almost the entire eight hours of the series – often in close up and looking straight at the camera. It is an extraordinary tour-de-force performance. Physically, Marinelli inhabits the role much as Robert De Niro did in Raging Bull, putting on a lot of weight in order to play this part; the resemblance to the dictator is uncanny.

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But there is much more. We are confronted with a torrent of words, speeches and internal monologues, many of which have been drawn directly from Mussolini’s journalism and speeches. Here Marinelli captures the precision and charismatic nature of Mussolini’s speech, but also the brutality of many of the concepts he was expressing.

There is a great deal of baroque Italian swearing too, and Marinelli powerfully portrays the uncouth son-of-a-blacksmith and his range of expressions with relish. I would be amazed if this actor does not win awards for the role. It is an astonishing performance.

Director Joe Wright’s series is based on Antonio Scurati’s best-selling Italian historical novel of the same name. Scurati’s approach to Mussolini’s story draws on historical work and documents, but importantly tells the story with the flair of an experienced and successful novelist.

This and the other three books in Scurati’s series about Mussolini have provoked controversy among Italian historians of fascism, not least for some of the historical inaccuracies, but also for what they considered a “dumbing-down” of history. However, others have defended the books as a new way of understanding and disseminating history, and the books have been wildly popular with general audiences.

Wright’s series adapts the first book. Its starts when Mussolini formed the first fascist movement in 1919 and inspired the “blackshirt” squads who used violence to crush the trade union and socialist movement. It covers events in 1922 when Mussolini led the fascist insurrection that brought him to power, known as the March on Rome. And, it ends with his famous speech by in parliament, which marked the beginnings of the consolidation of Mussolini’s dictatorship in 1925.

This is a complicated story, but the scriptwriters and director have done an exemplary job in bringing this history to a wider audience. Unsurprisingly, they have often simplified the past, or altered events to fit the narrative. This paring down of events generally works well in bringing this period to life, but, of course, historians of the period will notice the numerous times that episodes deviate from what really happened.

For instance, certain figures close to Mussolini who play a central role in the series are used almost as symbols and as ways of understanding the dictator. Above all, this technique uses is used to elevate Margherita Sarfatti, the writer, journalist and lover of Mussolini who was a key figure in inventing and spreading the cult of dictator.

In Wright’s drama, Sarfatti is depicted as a kind of spin doctor, as someone he turns to in times of difficulty and as an inspiration for his political strategy. Her role is overplayed in the series, but this is done to increase the clarity of storytelling and provide a sharp narrative.

The tone of the series shifts constantly between darkness and extreme violence to occasional comedy and farce. This is a tricky balance to pull off, but it generally works. Anyone watching will have their views on which parts lapse into bad taste and which do not, and the risks of glamorising or playing down shocking and tragic events.

Certainly, there were moments which jarred, especially the farcical telling of the March on Rome in 1922. Wright and the scriptwriters, correctly in my opinion, place the violence of fascism at the centre of the story, and it rarely pulls its punches in this regard.

It is impossible to ignore the contemporary relevance of this series, and it is clearly intended as a warning. Democracy, this series tells us, is extremely fragile. At one point Mussolini turns to the camera and says: “Democracy is beautiful. It even allows you the possibility of destroying it.”

With the victory of Trump and the political rise of Elon Musk, the pertinence, prescience and power of this film has deepened. There is even a discussion at one point of the meaning and role of the “Roman salute” in terms its use during fascism, something which has been much debated in the light of Musk’s own recent controversial “hand gesture”.

But the ultimate finger of blame is pointed at those who enabled Mussolini’s rise and who tolerated his incendiary language and the violence of his followers. The series ends starkly, with the word “silence”. Those who did nothing were just as responsible as those who supported the rise of this brutal dictator.

John Foot does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Why I loved the new Mussolini drama – by an expert in Italian fascism – https://theconversation.com/why-i-loved-the-new-mussolini-drama-by-an-expert-in-italian-fascism-248358

MIL OSI – Global Reports –

January 31, 2025
MIL-OSI Global: The best exercises to do while taking weight loss drugs
Source: The Conversation – UK – By Jack McNamara, Senior Lecturer in Clinical Exercise Physiology, University of East London

Body weight exercises, such as lunges, can be a great way to start resistance training. Andrey_Popov/ Shutterstock

Weight loss drugs, such as those containing GLP-1 agonists like Wegovy and Mounjaro, have emerged as effective tools for people struggling to lose weight. These drugs reduce appetite and sometimes slow digestion which can help people to consume fewer calories.

But while these drugs can significantly lower body weight, it’s important you take steps to avoid losing too much lean mass while taking them.

When we lose fat, it often unfortunately comes with a hidden cost: losing lean mass. Lean mass is made up of your muscles, bones and organs – essentially everything in your body that isn’t fat. Preserving as much of this lean mass as possible is vital for staying strong, keeping a healthy metabolism and enjoying a better quality of life.

But why does losing lean mass happen in the first place? When we lose weight the body sometimes taps into muscle as a source of energy. Research shows that 20–30% of weight lost during a diet comes from muscle rather than fat alone. This is especially true if protein intake or physical activity isn’t sufficient.

Loss of muscle matters for several reasons. First, muscle burns more calories than fat, even when you’re not doing anything. Maintaining muscle mass supports a healthier metabolism that can help you maintain your weight loss long term.

Second, muscle is important for many everyday tasks – from lifting shopping bags to climbing stairs.

Preserving muscle can also keep you feeling more energetic and reduce the likelihood of regaining weight later.

Thankfully, resistance training (also known as strength training) has been consistently shown to help reduce muscle loss when losing weight. This holds true whether you switch to a healthier diet or use weight loss drugs as part of your strategy.

Even though specific studies looking at GLP-1 agonist drugs combined with exercise are still limited, early evidence suggests that people who regularly do resistance workouts tend to retain more muscle than those relying purely on the drug or diet changes.

Why resistance training works

When you challenge your muscles against resistance – whether that’s weights, resistance bands or just your own body weight – you signal the body to preserve that valuable muscle tissue. Your body responds by strengthening the muscles involved during these exercises so they can handle that challenge again.

If you’re in a calorie deficit – either from dieting or while taking a weight loss drug – these exercises help direct your body to burn more fat instead and hang on to muscle. There’s also a beneficial metabolic effect: muscle tissue burns more calories at rest than fat, which can support long-term weight management.

Cardio helps maintain lean mass.
Pressmaster/ Shutterstock

Even short sessions of resistance training a few times a week can help. One study found that resistance training for as little as 11 minutes per session, three times a week was enough to elicit changes.

You don’t even need a gym membership or fancy machines. Bodyweight exercises such as push-ups, lunges and planks are a great place to start. Add simple items like water bottles or backpacks filled with books for extra resistance. Over time, you can consider using resistance bands or free weights (such as dumbbells) to challenge your muscles as you get stronger continuously.

Also, consider adding moderate cardio activities such as brisk walking, cycling or swimming. Cardio helps burn additional calories, benefits heart health and nicely complements resistance training enhancing reductions in body fat.

Keeping active

Some people worry about feeling too tired or lightheaded to exercise while on weight loss drugs. Monitoring how your body responds is essential, especially at the beginning. You might find it easier to break workouts into short sessions, such as 10 to 15 minutes of strength training, two or three times a day. This approach can be less intimidating and can fit into a busy schedule.

Some other things you can do when starting resistance training include:
- Start slow: If you’ve never lifted weights or done formal exercise before, try simple bodyweight moves first. Squats, push-ups (on your knees if needed) and planks are good starting exercises.
- Use resistance bands: These are affordable, portable and offer varying difficulty levels. Using bands, you can perform exercises such as biceps curls, shoulder presses and glute bridges. Resistance bands can provide a safer, more accessible and versatile way to build a foundation for those new to weight training.
- Focus on major muscle groups: Aim to work your legs, back, chest, shoulders arms and core. Focusing on major muscle groups improves functionality for daily activities, supports weight loss and reduces injury risk by strengthening large, stabilising muscles.
- Mind your form: Good technique is crucial to avoid injury. Move slowly and with control, especially when adding weight or increasing resistance.
- Track progress: Whether it’s increasing the number of reps, adding heavier weights or improving balance, keep note of your achievements. Progress can be a great motivator.
Taking weight loss drugs can be a gamechanger for people who have struggled to lose weight. But medication alone won’t necessarily protect your muscle mass or overall strength. Resistance training helps ensure muscle isn’t sacrificed as fat is lost. It also supports a healthy metabolism and can improve energy levels, making daily activities more manageable and more enjoyable.

Combining weight loss drugs with a balanced diet, regular resistance workouts and some cardio makes you far more likely to preserve the lean mass that helps keep your body strong and functional. This balanced approach isn’t just about the number on the scale — it’s about feeling capable, staying healthy, and setting yourself up for long-term success.

Jack McNamara does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. The best exercises to do while taking weight loss drugs – https://theconversation.com/the-best-exercises-to-do-while-taking-weight-loss-drugs-246641
MIL OSI – Global Reports –
January 31, 2025
MIL-OSI Global: Canada’s electric vehicle industry is facing existential threats — here’s how it can still flourish

Source: The Conversation – Canada – By Charles Conteh, Professor of Public Policy and Administration, Department of Political Science, Brock University

The electric vehicle (EV) industry has been one of the most defining technological trends of the past decade, transforming the automotive sector while fuelling advancements in manufacturing.

Yet after billions of taxpayer dollars have been invested, the EV industry in Canada is facing headwinds. Chief among these are the trade tariff threats from U.S. President Donald Trump.

For a country with an automotive sector that exports 91 per cent of its parts to the U.S., the threats feel existential. They may also be seen as a betrayal of the centuries-long economic and cultural partnership between two neighbours sharing one of the world’s longest and most porous borders.

Adding to these international headwinds are three other obstacles within the EV industry: high costs, limited battery range and sparse battery charging infrastructure. These concerns continue to affect firms here in Canada, with the likes of Stellantis juggling high inventory, slow sales and falling revenue.

These challenges have sparked skepticism about the future of EVs in Canada and whether the federal and provincial governments’ multi-billion-dollar investments in the industry are wise.

As researchers who study Canada and other countries’ innovation policy initiatives amid breakneck changes in technologies and markets, we argue that Canada has every reason to ratchet up its commitments in the months and years ahead.

Along with artificial intelligence, EV represents the emergent frontier of advanced manufacturing in the digital age. Winners of this innovation race will stand to dominate the global market for the foreseeable future.

The case for staying the course

Despite current challenges, EVs remain the future of the automotive sector. Even conservative estimates suggest that by 2040, around three-quarters of new car sales will be fully electric globally.

Canada’s position in the EV industry is stronger than recent news coverage indicates. The country ranked first among 30 countries in a 2024 EV battery supply chain report, outperforming even China.

This ranking reflects Canada’s vast reserves of critical minerals essential for EV battery production and its burgeoning battery manufacturing sector.

Over the past few years, Canada has attracted significant investments from manufacturers like Umicore, Northvolt and Volkswagen-owned PowerCo.

Canada has reasons to be optimistic about EV and energy storage demand. While concerns about U.S. protectionism loom, Canada’s commitment to zero-emission vehicles ensures fiscal incentives and policies that will likely boost short-term demand.

On the environmental, social and governance front, Canada outperforms many of its global competitors in battery manufacturing. Though by no means perfect, the country’s climate change policy ambitions, clean electricity grid and commitment to sustainable mining position it as a global leader in the EV space.

Advanced manufacturing

Canada’s robust innovation ecosystem for advanced manufacturing is another key strength. A prime example is the Ontario Vehicle Innovation Network (OVIN).

OVIN commercializes advanced automotive technologies and manages the development, testing, piloting and uptake of transportation and infrastructure technologies. It operates seven regional technology development sites across Ontario, including in Waterloo, Hamilton, Windsor-Essex, Durham and Toronto.

By serving as a bridge between government, industry and researchers, OVIN has become a model for multi-level governance, with projects jointly funded by the federal and provincial governments and close working relationships with municipalities.

As the EV industry navigates economic and policy challenges, initiatives like OVIN are crucial for driving long-term growth and competitiveness.

The road ahead

While Canada’s automotive innovation ecosystem is generally robust, it requires some calibration to overcome current challenges and claim the next frontier of the global EV race.

In particular, Canada needs to consolidate its EV innovation ecosystem by integrating the upstream of its domestic supply chain assets with the downstream of its technology commercialization and adoption.

In other words, this means getting more critical minerals to market and making sure a substantial portion of the materials mined in Canada are processed and used domestically to build batteries and vehicles, so the entire EV production cycle benefits Canada’s economy.

Such an endeavour will require Canada to establish the right policies, regulations and financial support to tap into its vast reserves of critical minerals to supply the country’s battery plants.

It is the presence of these reserves that made Canada attractive to the automakers in the first place. Leveraging them wisely will be critical for the country’s long-term success in the EV industry.

Charles Conteh receives funding from the Social Sciences and Humanities Research Council of Canada.

Tia Henstra does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Canada’s electric vehicle industry is facing existential threats — here’s how it can still flourish – https://theconversation.com/canadas-electric-vehicle-industry-is-facing-existential-threats-heres-how-it-can-still-flourish-248103

MIL OSI – Global Reports –

January 31, 2025

MIL-OSI: Davidson Kempner Capital Management LP : Form 8.3 – DS Smith PLC

Source: GlobeNewswire (MIL-OSI)

FORM 8.3

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

1. KEY INFORMATION

(a) Full name of discloser:	Davidson Kempner Capital Management LP
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Smith (DS) plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	29/01/2025
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”	Yes, International Paper Company

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

Class of relevant security:
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:
(2) Cash-settled derivatives:	20,950,789	1.52
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	20,950,789	1.52

All interests and all short positions should be disclosed.

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

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

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

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

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

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

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
10p Ordinary	CFD	Increasing a long position	200,000	USD 5.9800
10p Ordinary	CFD	Reducing a long position	200,000	USD 5.9800

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

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type
e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description
e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

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

Class of relevant security

Nature of dealing
e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

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

None

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

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

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	30/01/2025
Contact name:	Alex McMillan
Telephone number:	646 282 5805

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

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

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

The MIL Network –

January 31, 2025

MIL-OSI: ASUS Announces the Ultra-Light Zenbook A14, Now Available for Pre-Order in Canada

Source: GlobeNewswire (MIL-OSI)

KEY POINTS

Unload: Sub-1kg minimalist tone-on-tone all-Ceraluminum™ chassis for the ultimate on-the-go experience
Unplugged: Energy-efficient Snapdragon^® X AI-enabled processor can deliver multi-working-day battery life
Unlimited: Optimum Copilot+ performance, user-centric design and seamless cross-device experiences

TORONTO, Jan. 30, 2025 (GLOBE NEWSWIRE) — ASUS today announced that the Zenbook A14 (UX3407QA-DS52-CA) — the lightest 14-inch Copilot+ PC on the market¹, and also the first all-Ceraluminum™ ASUS laptop, is now available for pre-order online on the ASUS Store, with shipments beginning on February 14^th. It will also be available at select retailers starting February 14^th, with additional configurations available later in the year. In addition to being the lightest 14-inch Copilot+ PC on the market², the Zenbook A14 is also the first ASUS laptop boasting the new Qualcomm Snapdragon X^® AI-enabled processor, offering extreme efficiency and up to 32 hours of battery life³.

Unload: Redefining thin and light

Weighing in at 990g (2.18lbs) – which is around 450g (1lb) less than most thin and light laptops⁴ – Zenbook A14 sets the new benchmark for ultraportable Copilot+ PCs. Its elegant, lightweight design is ideal for frequent travelers, allowing them to move effortlessly without being weighed down by their tech.

The chassis is crafted entirely from our innovative Ceraluminum™, a sumptuously tactile material that’s 30% lighter and three times stronger than anodized aluminum. This advanced material ensures durability and portability, making it ideal for everyday use. The nature-inspired Iceland Gray colorway adds a sophisticated touch to the minimalist look, aligning with the Zenbook tradition of timeless design.

Unplugged: Multi-day battery life

Zenbook A14 delivers outstanding multi-day battery life, enabled by the power-efficient Qualcomm^® Snapdragon™ X Series processor and a high-capacity 70Wh battery. It can provide up to 32 hours of continuous video playback on a single charge, ensuring no interruption over the course of multiple working days.

The innovative thermal solution, featuring dual lightweight fans and a heat pipe, optimizes key component placement for quiet, effective cooling. With performance reaching up to 45W chipset power and a 0dB Whisper Mode for silent operation, the laptop offers exceptional power efficiency. Even when unplugged, Zenbook A14 delivers consistent performance with no drop in capabilities, making it the perfect travel companion for long flights, road trips, or meeting-packed days.

Unlimited: A Copilot+ PC driven by the Qualcomm^®Snapdragon™ X Series

With a Qualcomm^® Hexagon NPU (up to 45 TOPS) for AI tasks, Zenbook A14 offers advanced Copilot+ PC experiences, offering real-time insights, performance optimization, and enhanced responsiveness for multi-tasking and productivity. Users can expect seamless video playback, efficient app loading, and rapid task switching.

Zenbook A14 comes with Microsoft Phone Link to allow users to connect their Android or iOS mobile phone to Windows. Additionally, it also comes with Qualcomm Snapdragon™ Seamless™ integration, which creates a cross-device ecosystem that allows users to switch between compatible Qualcomm^® Snapdragon™-powered devices without interruption. It enhances productivity by enabling easy file sharing, screen mirroring, and synchronization between mobile devices and the laptop.

Security is a top priority with smart privacy features, including Adaptive Lock and Adaptive Dimming to secure sensitive information when users step away from the laptop, and a Microsoft Pluton security chip for an additional layer of hardware protection. The Windows passkey feature offers an added layer of login security.

Zenbook A14 also offers a refined user experience with an enlarged touchpad featuring Smart Gesture support for comfortable navigation, smudge-free keycaps on the well-spaced keys that have a comfortable 1.3mm travel, and a full suite of I/O ports that allows users to connect devices and peripherals without the need for adapters or dongles. The user-centric design also includes a precision-designed ASUS EasyLift™ hinge for stable, wobble-free screen opening and balanced weight distribution.

For an immersive multimedia experience, the Zenbook A14 boasts a 14-inch WUXGA Lumina OLED NanoEdge display that delivers vibrant colors and deep contrasts, supported by two powerful speakers for rich audio output. Snapdragon Sound™ features High-Resolution Audio for rich, detailed 24-bit / 192kHz sound, ultra-low latency to ensure audio syncs seamlessly with visuals, and advanced noise cancelation to reduce background noise for clear voice calls and immersive audio.

AVAILABILITY & PRICING

The Zenbook A14 (UX3407QA-DS52-CA) powered by the Snapdragon™ X processor is available for pre-order now on the ASUS Store, with deliveries starting from February 14, 2025. More configurations will be available later in Q1.

Zenbook A14 (UX3407QA-DS52-CA), (beige) with 16GB of RAM and 512GB of storage for CA$1,299 at selected retailers and the ASUS Store, available for pre-order starting from today.
Zenbook A14 (UX3407QA-BS51-CB), grey version with 16GB of RAM and 1TB of storage for CA$1,449 in exclusivity on Best Buy and the ASUS Store, available starting from end of February 2025.
Zenbook A14 (UX3407QA-DS51-CA), grey version with 32GB of RAM and 1TB of storage for CA$1,649 at selected retailers and the ASUS Store, available later in Q1 2025.

Please contact your local ASUS representative for further information.

SPECIFICATIONS

ASUS Zenbook A14 (UX3407)

Model	UX3407QA-DS52-CA	UX3407QA-BS51-CB	UX3407QA-DS51-CA
Marketing Name	Zenbook A14
Operating System	Windows 11 Home
Color	Zabriskie Beige	Iceland Gray	Iceland Gray
Material	Magnesium Aluminum
Weight	990g (2.18lbs)
Dimensions	31.07 x 21.39 x 1.34 ~ 1.59 cm (12.23″ x 8.42″ x 0.53″ ~ 0.63″)
Display	OLED, 14″, 60Hz, 1920×1200, 100% DCI-P3
Processor	Qualcomm^® Snapdragon™ X
Graphics	Qualcomm^® Adreno™ GPU
Memory	16GB LPDDR5X (on board)	16GB LPDDR5X (on board)	32GB LPDDR5X (on board)
Storage	512 Gb PCIe 4.0 SSD (1 x M.2 2280 slot)	1 TB PCIe 4.0 SSD (1 x M.2 2280 slot)	1 TB PCIe 4.0 SSD (1 x M.2 2280 slot)
Keyboard	English	Bilingual French	English
Webcam	1080 FHD IR Camera
Wi-Fi	Wi-Fi 6E + Bluetooth 5.3
IO Ports	1 x USB 3.2 Gen 2 Type-A 2 x USB 4.0 Gen 3 Type-C (DP, PD support) 1 x HDMI 2.1 (TMDS) 1 x 3.5 Audio Combo Jack
Battery	70Whr
AC Adapter	Type-C, 65W AC Adapter, Output: 20V DC, 3.25A, 65W, Input: 100-240V AC 50/60GHz universal
Availability	ASUS Store and selected retailers, pre-order now	ASUS Store and Best Buy, late February	ASUS Store and selected retailers later in Q1
MSRP	C$1,299	C$1,449	C$1,649

NOTES TO EDITORS

ASUS Zenbook A14 (UX3407) Product Page: https://asus.com/ca-en/laptops/for-home/zenbook/asus-zenbook-a14-ux3407/

ASUS Zenbook A14 ASUS Store Where to Buy Link: https://shop.asus.com/ca-en/zenbook-a14-ux3407-copilot-pc.html

ASUS Zenbook Page: https://www.asus.com/ca-en/site/zenbook/

ASUS LinkedIn: https://www.linkedin.com/company/asus/posts/

ASUS Pressroom: http://press.asus.com

ASUS Canada Facebook: https://www.facebook.com/asuscanada/

ASUS Canada Instagram: https://www.instagram.com/asus_ca

ASUS Canada YouTube: https://ca.asus.click/youtube

ASUS Global X (Twitter): https://www.x.com/asus

About ASUS

ASUS is a global technology leader that provides the world’s most innovative and intuitive devices, components, and solutions to deliver incredible experiences that enhance the lives of people everywhere. With its team of 5,000 in-house R&D experts, the company is world-renowned for continuously reimagining today’s technologies. Consistently ranked as one of Fortune’s World’s Most Admired Companies, ASUS is also committed to sustaining an incredible future. The goal is to create a net zero enterprise that helps drive the shift towards a circular economy, with a responsible supply chain creating shared value for every one of us.

_____________________________________
^{¹ According to overall laptop weight, as of December 31, 2024 based on internal ASUS market analysis comparing Zenbook A14 (UX3407) with competing products in its class (laptops certified by Microsoft as Copilot+ PCs) from multiple vendors.}
^{² According to overall laptop weight, as of December 31, 2024, based on internal ASUS market analysis comparing Zenbook A14 (UX3407) with competing products in its class (laptops certified by Microsoft as Copilot+ PCs) from vendors including Acer, Apple, HP, Huawei, Lenovo, Microsoft and Samsung.}
^{³ Battery tests conducted by ASUS on August 7, 2024, using the 1080p Video Playback scenario. Test configuration: Zenbook A14 (UX3407), FHD OLED panel, Qualcomm Snapdragon X CPU, 1TB SSD, 32GB RAM. Test settings: WiFi enabled but disconnected (not connected to any access point), Windows Power Plan set to Balanced, display brightness set to 150cd/m2. Actual battery life may vary depending on product configuration, usage, operational conditions and power management settings. Battery life will decrease over the lifetime of the battery.}
^{⁴ The 15-inch Apple Macbook Air (M3 chip) is 3.3 lbs. The 14-inch Lenovo Slim 7i Aura Edition is 2.84 lbs. The 13.8-inch Microsoft Surface 7th Edition is 2.96 lbs.}

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/93149c0f-c652-42c7-a4ac-03d1b2c752fe

The MIL Network –

January 31, 2025

MIL-OSI Security: Federal Courts Authorize IRS “John Doe” Summonses to Trident Trust Entities

Source: United States Attorneys General 2

Summonses Are for Records Relating to U.S. Taxpayers Who May Have Used Network of Offshore Service Providers to Hide Assets and Evade Taxes

The U.S. District Court for the Northern District of Georgia entered an order earlier this week authorizing the IRS to serve John Doe summonses on TT (USA) Holdings Inc.; Trident Corporate Services Inc. and Trident Fund Services Inc., entities that are members of a multinational group of affiliated companies generally operating under the trade name “Trident Trust” and collectively referred to as the “Trident Trust Group.”

Separately, on Dec. 18, 2024, the U.S. District Court for the District of South Dakota entered an order, unsealed on Jan. 21, authorizing service of a similar John Doe summons on Trident Trust Company (South Dakota) Inc. The United States also previously obtained approval in the U.S. District Court for the Southern District of New York for the IRS to serve John Doe summonses on a different affiliate entity of the Trident Trust Group, as well as to third party financial service companies, banks and courier services that may have information about Trident Trust Group’s U.S. taxpayer clients.

The United States is not alleging that any of the entities engaged in wrongdoing. Rather, the IRS uses John Doe summonses to obtain information about possible violations of internal revenue laws by individuals whose identities are unknown. These summonses seek information about U.S. individuals who may have used the Trident Trust Group’s services to underreport their worldwide income and conceal their ownership of certain foreign assets that U.S. individuals are required to report to the U.S. government.

“The Justice Department and the IRS are dedicated to unearthing tax evasion that uses foreign bank accounts and offshore shell corporations,” said Deputy Assistant Attorney General David A. Hubbert of the Justice Department’s Tax Division. “We will use the many tools available to us, including John Doe summonses like the ones authorized by the courts here, to ensure that taxpayers are fully meeting their responsibilities.”

Federal law requires certain individual taxpayers, including all U.S. citizens and residents with gross annual income above the reporting threshold, to pay taxes on all income earned worldwide. They must also disclose certain foreign financial accounts, assets and controlled foreign corporations. Failure to report these offshore arrangements can result in serious civil and criminal consequences.

The government’s petitions allege that Trident Trust Group is an offshore service provider operating in nearly 30 countries worldwide, and it has provided corporate, trust and fund administration services for over 40 years. The petitions further allege that Trident Trust Group offers services that enable offshore account and entity concealment, like mail forwarding and retention, and ready-to-use “shelf” companies. For example, the petitions allege that Trident Trust Group personnel have listed themselves as the founders, directors and officers of thousands of Panamanian companies to help their U.S. clients potentially conceal their interests in and income from those foreign entities.

A declaration from an IRS revenue agent that accompanied the petitions alleges that at least nine U.S. taxpayers used Trident Trust Group’s services to avoid compliance with U.S. tax laws. The declaration further alleges that the IRS learned of this noncompliance through the Offshore Voluntary Disclosure Program, a program that allowed U.S. taxpayers to voluntarily disclose foreign accounts or entities used to evade tax in exchange for settling their civil liabilities on fixed terms.

These orders authorize the IRS to issue summonses to TT (USA) Holdings Inc.; Trident Corporate Services Inc.; Trident Fund Services Inc. and Trident Trust Company (South Dakota) Inc seeking information about U.S. taxpayer clients who may have used the services of the entities and the broader Trident Trust Group to establish, maintain, operate or control any foreign financial account or other foreign asset; any foreign corporation, company, trust, foundation or other legal entity or any foreign or domestic financial account or other asset in the name of such foreign entity from 2014 through 2023. By obtaining these records, the IRS expects to be able to identify clients of the Trident Trust Group to investigate whether they potentially used the group’s services to avoid or evade federal taxes.

Additional information about the Tax Division and its enforcement efforts may be found on the division’s website.

Tax Division Attorneys Christina T. Lanier and Brij B. Patnaik are handling the case in the U.S. District Court for the District of South Dakota; and they, along with Elisabeth K. Kryska of the Tax Division, are handling the case in the Northern District of Georgia. Assistant U.S. Attorney Anthony J. Sun for the Southern District of New York is handling the case in the U.S. District Court for the Southern District of New York.

MIL Security OSI –

January 31, 2025
MIL-OSI USA: Cantwell Statement on Devastating Aviation Accident Wednesday

US Senate News:

Source: United States Senator for Washington Maria Cantwell
01.30.25
Cantwell Statement on Devastating Aviation Accident Wednesday
WASHINGTON, D.C. – U.S. Senator Maria Cantwell (D-Wash), Ranking Member of the Senate Committee on Commerce, Science and Transportation, released the following statement on Wednesday’s collision between American Airlines flight 5342, operated by PSA Airlines, and a Sikorsky H-60 Black Hawk helicopter, operated by the U.S. Army, over the Potomac River near Reagan Washington National Airport (DCA):

MIL OSI USA News –

January 31, 2025
MIL-OSI USA: Cantwell Presses Trump Nominee RFK Jr. on His Anti-Science Views: ‘Are You Aware of How Harmful These Issues Could Be For Our Public Health?’

US Senate News:

Source: United States Senator for Washington Maria Cantwell
01.30.25
Cantwell Presses Trump Nominee RFK Jr. on His Anti-Science Views: ‘Are You Aware of How Harmful These Issues Could Be For Our Public Health?’
In Finance Committee confirmation hearing, Cantwell credits WA’s fast & robust COVID response to strong health care research & innovation; Cantwell also secures commitment from RFK Jr. to protect existing laws on stem cell research
WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell, a senior member of the Senate Committee on Finance, grilled Robert F. Kennedy, Jr. — President Donald Trump’s nominee to serve as Secretary of Health and Human Services – on his past anti-science statements, as well as his promise to cut 600 employees from the National Institute of Health.
“I represent a very big innovation state – innovation in health care, specifically. Innovation like NIH funding to the Fred Hutch Cancer Center that helped develop the HPV vaccine, which has the potential to eliminate over 95% of cervical cancer. NIH also funds a lot of jobs and grants – nearly 11,000 people in the State of Washington and over $1.2 billion worth grants,” Sen. Cantwell said. “I definitely am troubled by the medical research side of innovation, and some of the things that you have said. In fact, this issue about laying off 600 employees at NIH.”
“The most striking example of this is when COVID hit. We were the first in the nation – we had the first case – and it really was the fast response by the University of Washington that really helped save lives,” she continued. “Are you aware of how harmful these issues could be for public health? That public health in and of itself could be affected by these kinds of anti-science views?”
In response, Kennedy responded that he believes in “evidence-based medicine and gold standard science.”
Sen. Cantwell also grilled Kennedy on whether he supports the ongoing stem cell research being conducted in Washington state.
“We’re making regenerative heart tissue now at the University of Washington. So yes or no, do you commit to protecting stem cell research for scientific agencies if confirmed?” Sen. Cantwell asked.
He responded: “I will protect stem cell research.”
Sen. Cantwell: “You’ll protect the laws that are on the books today and the research that’s done?”
“My job is, Senator, to enforce the laws,” he said.
For decades, Sen. Cantwell has remained a staunch supporter of medical innovation and evidence-based science, including treatments for fentanyl addiction, abortion, vaccinations, stem cell research, and more.
Video of today’s hearing is available HERE; audio is HERE; and a transcript of Sen. Cantwell’s questioning is available HERE.

MIL OSI USA News –

January 31, 2025
MIL-OSI USA: Prepared Remarks: Sanders Opening Statement in Hearing to Consider RFK Jr. Nomination

US Senate News:

Source: United States Senator for Vermont – Bernie Sanders
WASHINGTON, Jan. 30 – Sen. Bernie Sanders (I-Vt.), Ranking Member of the Senate Committee on Health, Education, Labor, and Pension (HELP), today delivered an opening statement at the committee’s hearing on the nomination of Robert F. Kennedy Jr. to serve as Secretary of Health and Human Services.
Sanders’ remarks, as prepared for delivery, are below and can be watched here.
Thank you, Senator Cassidy. And Mr. Kennedy, thank you for being with us.
I will discuss later the issue of vaccines, which Senator Cassidy raised, and is of concern I think for all of us. But before I go there, I wanted to congratulate you for the phrase “Make America Healthy Again.” I think that is a cry that all of us – a goal that all of us share – because, as you have indicated, we are a very unhealthy society.
We are the richest country in the history of the world, but we rank far below every other major country in terms of our life expectancy. That’s outrageous. To me, equally outrageous is that, if you are working class in this country, you are going to live six or seven years shorter than if you are rich. In America today, 68,000 people die every year because they can’t afford to get to a doctor.
Unbelievably, in this country, hundreds of thousands of people deal with cancer, struggling for their lives. You know what happens to them? They go bankrupt. They deplete their life’s savings.
In other words, when we talk about making America healthy, we’ve got to talk about our broken, corrupt health care system.
Your uncle, President Kennedy, and your father, Bobby Kennedy, a great senator from New York, both did the right thing. They said that health care is a human right. I’m not sure how we can move to making America healthy again unless we have the guts to take on the insurance companies and the drug companies and guarantee health care to all people. I’ll be asking you a question about that.
Lowering the cost of prescription drugs. How do you make America healthy again if one out of four people in this country cannot afford the price of prescription drugs, which is far higher in America than any other country on Earth?
Under President Biden, we made some progress and this committee played an active role in having Medicare begin, for the first time, negotiating the price of prescription drugs. And I’m going to ask you today whether or not President Trump will follow what we accomplished here.
We are the only major country on earth not to guarantee paid family and medical leave. Mr. Kennedy, there are women today who are having babies and are forced to return to work in a week or two because they have no guaranteed paid family and medical leave. How do you have a healthy country when Americans get fired because they stay home taking care of their sick kids? That’s not making America healthy again.
If you are working 50 to 60 hours a week making 13, 14 bucks an hour, can you be healthy? Will you join those of us who think that, in the United States, the wealthiest country in the world, people that work 40 hours a week should not live in poverty? We must raise the minimum wage to a living wage.
Lastly, President Trump believes that climate change is a hoax. I happen to believe, most Americans believe and virtually the entire scientific community believes that it is an existential threat to this planet. I don’t know how you are going to make America healthy again or keep the world healthy when you have massive heat waves, droughts, floods and extreme weather disturbances. That’s not keeping America healthy. Now, that is not within the jurisdiction of HHS, but I surely hope that you will, if confirmed, demand that President Trump change his position and work with those of us who are trying to transform our energy system and keep America healthy by addressing the crisis of climate change.
Thank you, Mr. Chairman.

MIL OSI USA News –

January 31, 2025
MIL-OSI NGOs: Joint Statement by humanitarian, development and human rights organisations in Lebanon: We need a Permanent Ceasefire and a Just Recovery
Source: Oxfam –

We, the undersigned organisations operating in Lebanon, urgently call on parties to abide by their commitments towards a permanent ceasefire in Lebanon and appeal to the international community to ensure the respect and full implementation of the temporary ceasefire agreement, now being extended until February 18th 2025.

While the temporary ceasefire remains in effect and has been extended, we express deep concern about the numerous reported violations that continue to weaken the agreement.. Over 800 violations by Israeli forces[1] and at least one violation by Hezbollah[2] have been reported. As of January 23, 2025 violations by Israeli forces have included indiscriminate ground and air attacks, killing at least 30 people, since November 27, 2024, bringing the total number of people killed by Israeli forces since October 8, 2023 to 4,285, including 241 health care workers, and 17,200 wounded[3]. On Sunday January 26, 2025, alone, Israeli military forces killed 24 individuals, including six women and a Lebanese soldier, and injured 134 including 12 children in the South of Lebanon[4]. Thousands of people, including women and children, older people and people with disabilities have been uprooted from their homes, cut off from food, healthcare and education and exposed to hugely traumatic events – with, so far, no accountability for the destruction or indiscriminate killing.

This agreement represents a step towards implementing UN Security Resolution 1701 and included a “phased withdrawal of the Israeli Defense Forces south of the Blue Line and the parallel deployment of the Lebanese Armed Forces (LAF) south of the Litani river” that “should not exceed 60 days”.[5] There is still an opportunity to transform temporary undertakings into longer term commitments.

While many are attempting to return to their homes, hundreds of thousands of people still face the grim reality of either not being able to return because of ongoing Israeli forces’ ground occupation or because of the scale of destruction. Israeli forces have razed entire villages and destroyed agricultural lands and vital infrastructure, including hospitals and schools. Lands are contaminated by unexploded ordnance posing threats to life and risks for the reconstruction efforts.

As human rights and humanitarian organisations, we will continue supporting all affected people with emergency assistance, recovery and reconstruction[6], but the humanitarian crisis remains severe. Plans for recovery and reconstruction have begun amidst a lingering socio-economic crisis and skyrocketing poverty rates, with nearly one Third of children in Lebanon facing crisis levels of hunger[7]. The economic losses due to the conflict are estimated at 8.5 billion USD[8], and Lebanon desperately needs support for its recovery. The consequences of this destruction will be felt in Lebanon for years to come, and yet again, with no accountability.

As humanitarian and human rights organisations involved in the immediate relief, early recovery and reconstruction efforts in Lebanon, we urgently call for:
1. Immediate, Unconditional and Definitive Ceasefire in Lebanon and the Region:
- The international community to take every step possible, including through diplomatic and political leverage, to ensure an immediate and definitive ceasefire in Lebanon. The temporary and conditional agreement must allow for a transition to a permanent ceasefire.
- The international community must also ensure the respect and implementation of the pause in hostilities in Gaza and an end to excessive use of force in the West Bank, acknowledging that this is essential to protect civilians and prevent further escalation and regional spillover.
1. Unconditional Humanitarian Access and Scaling Up Assistance:
- Ensure rapid, unhindered access to conflict-affected areas and safeguard humanitarian facilities and personnel across the country.
- Fully fund the humanitarian flash appeal to address the acute needs across Lebanon to enable the provision of immediate, flexible funding for gender, age and disability responsive humanitarian responses, including cash assistance, safe shelter, and healthcare.
- Support reconstruction efforts through grants, not loans, and fund early warning and early action and anticipatory action to mitigate further shocks.
1. Inclusive Recovery Focusing on Social Cohesion:
1. Supporting Local and National NGOs in Response Planning and Implementation:
- Increase financial and logistical support to local and national NGOs[9], including women’s rights and women-led organizations, and ensure these are at the forefront of responding to the crisis and receive direct, timely and flexible funding to meet growing needs.
1. Halt the Transfer of Arms to Conflict Parties:
- Suspend immediately the transfer of all weapons, parts, munitions, and ammunition to parties to the armed conflict when there is a risk they might be used to commit or facilitate violations of IHL and IHRL and other further grave violations in Lebanon and the region.
1. Accountability and Respect for International Law:
There is cautious optimism following recent political developments, including the appointments of both President and Prime Minister. However, meaningful international support is critical to fulfill the aspirations of the people in Lebanon for sustainable peace and justice. It is the persistent failure to seek accountability for violations that has fuelled cycles of violence now affecting the entire region. The time for action is now to ensure a just recovery and lasting peace in Lebanon and the region.
MIL OSI NGO –
January 31, 2025
MIL-OSI Global: From chatbot to sexbot: What lawmakers can learn from South Korea’s AI hate-speech disaster

Source: The Conversation – Canada – By Jul Parke, PhD Candidate in Media, Technology & Culture, University of Toronto

The chatbot Iruda began expressing hateful views after some users “trained” it with toxic language. Here a newer version of Iruda is shown. (Scatter Lab)

As artificial intelligence technologies develop at accelerated rates, the methods of governing companies and platforms continue to raise ethical and legal concerns.

In Canada, many view proposed laws to regulate AI offerings as attacks on free speech and as overreaching government control on tech companies. This backlash has come from free speech advocates, right-wing figures and libertarian thought leaders.

However, these critics should pay attention to a harrowing case from South Korea that offers important lessons about the risks of public-facing AI technologies and the critical need for user data protection.

In late 2020, Iruda (or “Lee Luda”), an AI chatbot, quickly became a sensation in South Korea. AI chatbots are computer programs that simulate conversation with humans. In this case, the chatbot was designed as a 21-year-old female college student with a cheerful personality. Marketed as an exciting “AI friend,” Iruda attracted more than 750,000 users in under a month.

But within weeks, Iruda became an ethics case study and a catalyst for addressing a lack of data governance in South Korea. She soon started to say troubling things and express hateful views. The situation was accelerated and exacerbated by the growing culture of digital sexism and sexual harassment online.

Making a sexist, hateful chatbot

Scatter Lab, the tech startup that created Iruda, had already developed popular apps that analyzed emotions in text messages and offered dating advice. The company then used data from these apps to train Iruda’s abilities in intimate conversations. But it failed to fully disclose to users that their intimate messages would be used to train the chatbot.

The problems began when users noticed Iruda repeating private conversations verbatim from the company’s dating advice apps. These responses included suspiciously real names, credit card information and home addresses, leading to an investigation.

The chatbot also began expressing discriminatory and hateful views. Investigations by media outlets found this occurred after some users deliberately “trained” it with toxic language. Some users even created user guides on how to make Iruda a “sex slave” on popular online men’s forums. Consequently, Iruda began answering user prompts with sexist, homophobic and sexualized hate speech.

This raised serious concerns about how AI and tech companies operate. The Iruda incident also raises concerns beyond policy and law for AI and tech companies. What happened with Iruda needs to be examined within a broader context of online sexual harassment in South Korea.

A pattern of digital harassment

South Korean feminist scholars have documented how digital platforms have become battlegrounds for gender-based conflicts, with co-ordinated campaigns targeting women who speak out on feminist issues. Social media amplifies these dynamics, creating what Korean American researcher Jiyeon Kim calls “networked misogyny.”

South Korea, home to the radical feminist 4B movement (which stands for four types of refusal against men: no dating, marriage, sex or children), provides an early example of the intensified gender-based conversations that are commonly seen online worldwide. As journalist Hawon Jung points out, the corruption and abuse exposed by Iruda stemmed from existing social tensions and legal frameworks that refused to address online misogyny. Jung has written extensively on the decades-long struggle to prosecute hidden cameras and revenge porn.

Beyond privacy: The human cost

Of course, Iruda was just one incident. The world has seen numerous other cases that demonstrate how seemingly harmless applications like AI chatbots can become vehicles for harassment and abuse without proper oversight.

These include Microsoft’s Tay.ai in 2016, which was manipulated by users to spout antisemitic and misogynistic tweets. More recently, a custom chatbot on Character.AI was linked to a teen’s suicide.

Chatbots — that appear as likeable characters that feel increasingly human with rapid technology advancements — are uniquely equipped to extract deeply personal information from their users.

These attractive and friendly AI figures exemplify what technology scholars Neda Atanasoski and Kalindi Vora describe as the logic of “surrogate humanity” — where AI systems are designed to stand in for human interaction but end up amplifying existing social inequalities.

AI ethics

In South Korea, Iruda’s shutdown sparked a national conversation about AI ethics and data rights. The government responded by creating new AI guidelines and fining Scatter Lab 103 million won ($110,000 CAD).

However, Korean legal scholars Chea Yun Jung and Kyun Kyong Joo note these measures primarily emphasized self-regulation within the tech industry rather than addressing deeper structural issues. It did not address how Iruda became a mechanism through which predatory male users disseminated misogynist beliefs and gender-based rage through deep learning technology.

Ultimately, looking at AI regulation as a corporate issue is simply not enough. The way these chatbots extract private data and build relationships with human users means that feminist and community-based perspectives are essential for holding tech companies accountable.

Since this incident, Scatter Lab has been working with researchers to demonstrate the benefits of chatbots.

Canada needs strong AI policy

In Canada, the proposed Artificial Intelligence and Data Act and Online Harms Act are still being shaped, and the boundaries of what constitutes a “high-impact” AI system remain undefined.

The challenge for Canadian policymakers is to create frameworks that protect innovation while preventing systemic abuse by developers and malicious users. This means developing clear guidelines about data consent, implementing systems to prevent abuse, and establishing meaningful accountability measures.

As AI becomes more integrated into our daily lives, these considerations will only become more critical. The Iruda case shows that when it comes to AI regulation, we need to think beyond technical specifications and consider the very real human implications of these technologies.

Join us for a live ‘Don’t Call Me Resilient’ podcast recording with Jul Parke on Wednesday, February 5 from 5-6 p.m. at Massey College in Toronto. Free to attend. RSVP here.

Jul Parke receives funding from the Department of Canadian Heritage and the Social Sciences and Humanities Council of Canada.

– ref. From chatbot to sexbot: What lawmakers can learn from South Korea’s AI hate-speech disaster – https://theconversation.com/from-chatbot-to-sexbot-what-lawmakers-can-learn-from-south-koreas-ai-hate-speech-disaster-247152

MIL OSI – Global Reports –

January 31, 2025
MIL-OSI USA: Attorney General James Secures More than $1 Million from Netspend for Charging Illegal Fees and Misleading New Yorkers

Source: US State of New York

NEW YORK – New York Attorney General Letitia James today secured over $1 million and significant reforms from Ouro Global, Inc. (Ouro) which owns Netspend Corporation (Netspend), a provider of reloadable debit cards and payroll cards. An Office of the Attorney General (OAG) investigation found that Netspend violated numerous consumer protection laws and harmed tens of thousands of predominately low-income New Yorkers. For years, the company illegally froze its customers’ accounts and turned over their funds, which should have been protected, to debt collectors instead. Netspend also charged illegal fees on its debit and payroll cards that cost customers hundreds of thousands of dollars, and operated a paycheck advance program that charged customers illegally high interest rates. As part of the settlement, Netspend will pay more than $735,000 to tens of thousands of New Yorkers who were affected and change its policies to comply with New York’s consumer protection laws. Netspend will also pay over $350,000 in penalties to the state.

“Netspend took advantage of tens of thousands of consumers and even deprived vulnerable New Yorkers of their hard-earned benefits like Social Security,” said Attorney General James. “This settlement will return hundreds of thousands of dollars to New Yorkers and ensure that Netspend ends its illegal practices. I will not tolerate any company that tries to profit by defrauding New Yorkers, and we will continue to go after anyone who breaks our consumer protection laws.”

The OAG investigation found that Netspend violated state consumer protection laws, particularly those meant to protect low-income New Yorkers and those who receive benefits like Social Security and veterans benefits. Netspend operated a paycheck advance program, where workers could receive payments that supposedly represented advances on future wages. However, the fees Netspend charged consumers in this program amounted to interest rates with substantial annualized costs. While New York law limits annual interest rates to 16 percent for unlicensed lenders such as Netspend and 25 percent for licensed lenders, the OAG investigation uncovered more than 4,000 cases in which consumers were charged an effective annual interest rate of over 300 percent. The investigation also revealed that most of these enormous costs fell on New Yorkers who relied on repeated use of the paycheck advance program.

The OAG investigation also found that Netspend facilitated violations of New York’s Exempt Income Protection Act. Under this law, state or federal benefits such as Social Security benefits, veterans benefits, disability insurance, and unemployment insurance are protected from debt collectors up to a certain amount: $3,840 for New York City, Long Island, and Westchester County residents, and $3,600 for all other New York residents. Netspend failed to follow this law, freezing customers’ accounts and allowing debt collectors to seize its customers’ funds, even when they fell below the legal limit.

For example, in January 2019, Netspend froze a New York consumer’s bank account containing $1,008.52 – a balance substantially below the legal threshold. When the consumer contacted Netspend and informed them that the account restraint was illegal under New York law, Netspend incorrectly responded that the account had to remain blocked for a year “per the court order.” The customer had to pay over $600 from the account to the debt collector to free up the remaining funds from the illegal freeze.

Netspend also misled its customers and charged a wide range of illegal fees. Netspend’s marketing materials misled consumers about ATM fees that would be charged when using a Netspend card, leading its customers to believe they would be able to avoid all fees by using in-network ATMs. In reality, customers were charged fees on all ATM transactions, earning Netspend millions of dollars. Netspend also charged its payroll card customers a wide range of illegal fees after those fees were banned in New York, including fees for inquiring about an account balance at ATMs, fees for attempting transactions at ATMs that were declined, foreign exchange fees, and more.

As a result of the settlement, Netspend will pay back more than $735,000 to tens of thousands of New Yorkers who were charged illegal fees, had funds illegally turned over to debt collectors, or who paid fees for paycheck advance payments in violation of New York laws. Consumers who have active debit or payroll accounts with Netspend will have their accounts credited with restitution amounts, while those without active accounts will receive checks in the mail directly from the company. Today’s settlement also requires Netspend to pay a penalty of more than $350,000 to the state and change its policies to fully comply with New York laws.

Attorney General James encourages all consumers who have had their bank accounts illegally frozen or had funds illegally turned over to creditors to report their experiences to OAG.

This matter is being handled by Assistant Attorney General Chris Filburn with the Consumer Frauds and Protection Bureau. The Consumer Frauds and Protection Bureau is led by Bureau Chief Jane M. Azia and Deputy Bureau Chief Laura J. Levine, and is part of the Division of Economic Justice, which is overseen by Chief Deputy Attorney General Chris D’Angelo and First Deputy Attorney General Jennifer Levy.

MIL OSI USA News –

January 31, 2025
MIL-OSI USA: Hoeven, Colleagues Reintroduce Bill to Protect AM Radio in New Vehicles

US Senate News:

Source: United States Senator for North Dakota John Hoeven
01.30.25
WASHINGTON – Senator John Hoeven joined Senator Ted Cruz (R-Texas) and Senator Edward J. Markey (D-Mass.) in reintroducing the AM Radio for Every Vehicle Act that would direct the National Highway Traffic Safety Administration (NHTSA) to require automakers to maintain AM broadcast radio in their new vehicles at no additional charge.
“AM radio is essential for North Dakotans, especially during weather-related disruptions in power. It provides dependable emergency updates, helping to keep Americans safe,” said Senator Hoeven. “Additionally, AM radio delivers entertainment from music and sports to current events. This legislation guarantees that this critical service remains in vehicles, ensuring individuals can access important information, entertainment and emergency broadcasts when needed most.”
Joining Hoeven, Cruz and Markey in reintroducing this legislation are Senators Tammy Baldwin (D-Wisc.), John Barrasso (R-Wyo.), Marsha Blackburn (R-Tenn.), Richard Blumenthal (D-Conn.), Katie Britt (R-Ala.), Ted Budd (R-N.C.), Maria Cantwell (D-Wash.), Shelley Moore Capito (R-W.V.), Tom Cotton (R-Ark.), Kevin Cramer (R-N.D.), Steve Daines (R-Mont.), Joni Ernst (R-Iowa), Deb Fischer (R-Neb.), Chuck Grassley (R-Iowa), Josh Hawley (R-Mo.), Maggie Hassan (D-N.H.), Mazie Hirono (D-Hawaii), Jim Justice (R-W.V.), Angus King (I-Maine), Amy Klobuchar (D-Minn.), James Lankford (R-Okla.), Ben Ray Luján (D-N.M.), Cynthia Lummis (R-Wyo.), Roger Marshall (R-Kan.), Jeff Merkley (D-Ore.), Jerry Moran (R-Kan.), Chris Murphy (D-Conn.), Jack Reed (D-R.I.), Pete Ricketts (R-Neb.), Bernie Sanders (I-Vt.), Rick Scott (R-Fla.), Jeanne Shaheen (D-N.H.), Tim Sheehy (R-Mont.), Tina Smith (D-Minn.), Dan Sullivan (R-Alaska), Ron Wyden (D-Ore.), Todd Young (R-Ind.), and Jim Banks (R-Ind.)

MIL OSI USA News –

January 31, 2025
MIL-OSI USA: Justice Department Sues to Block Hewlett Packard Enterprise’s Proposed $14 Billion Acquisition of Rival Wireless Networking Technology Provider Juniper Networks

Source: US State of North Dakota

Acquisition Would Eliminate Competition Between Two of the Three Top Wireless Networking Firms, Raise Prices, and Diminish Innovation for American Businesses

Note: View the complaint here.

The Justice Department today sued to block Hewlett Packard Enterprise Co.’s (HPE) proposed $14 billion acquisition of rival wireless local area network (WLAN) technology provider Juniper Networks Inc. (Juniper). HPE and Juniper are the second- and third- largest providers, respectively, of enterprise-grade WLAN solutions in the United States. The complaint, filed in the Northern District of California, alleges that the proposed transaction would eliminate fierce head-to-head competition between the companies, raise prices, reduce innovation, and diminish choice for scores of American businesses and institutions, in violation of Section 7 of the Clayton Act.

“HPE and Juniper are successful companies. But rather than continue to compete as rivals in the WLAN marketplace, they seek to consolidate — increasing concentration in an already concentrated market,” said Acting Assistant Attorney General Omeed A. Assefi of the Justice Department’s Antitrust Division. “The threat this merger poses is not theoretical. Vital industries in our country — including American hospitals and small businesses — rely on wireless networks to complete their missions. This proposed merger would significantly reduce competition and weaken innovation, resulting in large segments of the American economy paying more for less from wireless technology providers.”

WLAN technology — which includes hardware, software, and advanced artificial intelligence — is critical for the modern workplace. Millions of Americans today create and share company resources and access the internet from wireless-enabled devices. Retail employees wirelessly process payments and log inventory. Doctors access medical records on phones and tablets and track life-saving patient care on the go. University students take notes on their laptops and access course materials from their dorm rooms. Wireless networking is the primary means by which many employees connect to their employer’s computer network and the internet.

As alleged in the complaint, Juniper has been a disruptive force that has grown rapidly from a minor player to among the three largest enterprise-grade WLAN suppliers in the U.S. Juniper has also introduced innovative tools that have materially decreased the cost of operating a wireless network for many customers. This competitive pressure has forced HPE to discount its offerings and invest in its own innovation. HPE recognized and tracked Juniper’s growing significance and engaged in a campaign, including mandatory training for its engineers and salespeople, to “beat” Juniper when competing for contracts. Indeed, just a month before the proposed acquisition was announced, front-line HPE salespeople were concerned that “[t]he Juniper threat [was] dire” because in dozens of opportunities Juniper was “trying to unseat” HPE. Senior HPE executives shared this view; one former HPE executive reminded his team that “there are no rules in a street fight” with Juniper and encouraged them to “kill” Juniper when going head-to-head for sales opportunities.

Now, HPE seeks to acquire its smaller, innovative rival. The proposed transaction between HPE and Juniper, if allowed to proceed, would further consolidate an already highly concentrated market — and leave U. S. enterprises facing two companies commanding over 70% of the market: the post-merger HPE and market leader Cisco Systems Inc. This substantial lessening competition in a critically important technology market poses the precise threat that the Clayton Act was enacted to prevent.

Hewlett Packard Enterprise Company is headquartered in Spring, Texas. Its WLAN-focused business unit is located in Santa Clara, California.

Juniper Networks Inc. is headquartered in Sunnyvale, California.

MIL OSI USA News –

January 31, 2025
MIL-OSI USA: Federal Courts Authorize IRS “John Doe” Summonses to Trident Trust Entities

Source: US State of North Dakota

Summonses Are for Records Relating to U.S. Taxpayers Who May Have Used Network of Offshore Service Providers to Hide Assets and Evade Taxes

The U.S. District Court for the Northern District of Georgia entered an order earlier this week authorizing the IRS to serve John Doe summonses on TT (USA) Holdings Inc.; Trident Corporate Services Inc. and Trident Fund Services Inc., entities that are members of a multinational group of affiliated companies generally operating under the trade name “Trident Trust” and collectively referred to as the “Trident Trust Group.”

Separately, on Dec. 18, 2024, the U.S. District Court for the District of South Dakota entered an order, unsealed on Jan. 21, authorizing service of a similar John Doe summons on Trident Trust Company (South Dakota) Inc. The United States also previously obtained approval in the U.S. District Court for the Southern District of New York for the IRS to serve John Doe summonses on a different affiliate entity of the Trident Trust Group, as well as to third party financial service companies, banks and courier services that may have information about Trident Trust Group’s U.S. taxpayer clients.

The United States is not alleging that any of the entities engaged in wrongdoing. Rather, the IRS uses John Doe summonses to obtain information about possible violations of internal revenue laws by individuals whose identities are unknown. These summonses seek information about U.S. individuals who may have used the Trident Trust Group’s services to underreport their worldwide income and conceal their ownership of certain foreign assets that U.S. individuals are required to report to the U.S. government.

“The Justice Department and the IRS are dedicated to unearthing tax evasion that uses foreign bank accounts and offshore shell corporations,” said Deputy Assistant Attorney General David A. Hubbert of the Justice Department’s Tax Division. “We will use the many tools available to us, including John Doe summonses like the ones authorized by the courts here, to ensure that taxpayers are fully meeting their responsibilities.”

Federal law requires certain individual taxpayers, including all U.S. citizens and residents with gross annual income above the reporting threshold, to pay taxes on all income earned worldwide. They must also disclose certain foreign financial accounts, assets and controlled foreign corporations. Failure to report these offshore arrangements can result in serious civil and criminal consequences.

The government’s petitions allege that Trident Trust Group is an offshore service provider operating in nearly 30 countries worldwide, and it has provided corporate, trust and fund administration services for over 40 years. The petitions further allege that Trident Trust Group offers services that enable offshore account and entity concealment, like mail forwarding and retention, and ready-to-use “shelf” companies. For example, the petitions allege that Trident Trust Group personnel have listed themselves as the founders, directors and officers of thousands of Panamanian companies to help their U.S. clients potentially conceal their interests in and income from those foreign entities.

A declaration from an IRS revenue agent that accompanied the petitions alleges that at least nine U.S. taxpayers used Trident Trust Group’s services to avoid compliance with U.S. tax laws. The declaration further alleges that the IRS learned of this noncompliance through the Offshore Voluntary Disclosure Program, a program that allowed U.S. taxpayers to voluntarily disclose foreign accounts or entities used to evade tax in exchange for settling their civil liabilities on fixed terms.

These orders authorize the IRS to issue summonses to TT (USA) Holdings Inc.; Trident Corporate Services Inc.; Trident Fund Services Inc. and Trident Trust Company (South Dakota) Inc seeking information about U.S. taxpayer clients who may have used the services of the entities and the broader Trident Trust Group to establish, maintain, operate or control any foreign financial account or other foreign asset; any foreign corporation, company, trust, foundation or other legal entity or any foreign or domestic financial account or other asset in the name of such foreign entity from 2014 through 2023. By obtaining these records, the IRS expects to be able to identify clients of the Trident Trust Group to investigate whether they potentially used the group’s services to avoid or evade federal taxes.

Additional information about the Tax Division and its enforcement efforts may be found on the division’s website.

Tax Division Attorneys Christina T. Lanier and Brij B. Patnaik are handling the case in the U.S. District Court for the District of South Dakota; and they, along with Elisabeth K. Kryska of the Tax Division, are handling the case in the Northern District of Georgia. Assistant U.S. Attorney Anthony J. Sun for the Southern District of New York is handling the case in the U.S. District Court for the Southern District of New York.

MIL OSI USA News –

January 31, 2025
MIL-OSI United Kingdom: Revolutionising Tactical Communications Security in Defence
Source: United Kingdom – Executive Government & Departments

Case study

Revolutionising Tactical Communications Security in Defence

Funded by DASA, PhoenixC4i, delivers game-changing antenna technology that reduces radio frequency (RF) footprint to enhance stealth and safety
Innovative clip-on antenna technology reduces RF footprint by up to 80%, enhancing operational security

Successfully deployed with over 75 units purchased by the British Army for evaluation

Cost-effective solution providing significant tactical advantage in electronic warfare environments

Picture this scenario: armoured vehicles move through contested terrain. The mission is complex, with multiple units coordinating across a battlefield that spans tens of miles. But there’s a catch: every radio transmission needed to coordinate these forces could become a beacon for enemy targeting systems. Units face a difficult challenge between maintaining communications with one another and potentially revealing their positions to the adversaries hunting them, particularly when static.

Stealth by design: DarkSky Clip-On Antenna

From individual soldier radios to armoured vehicles and headquarters command posts, military forces rely on tactical Ultra High Frequency (UHF) antennas for communications. But these systems broadcast signals in all directions, making them easier to detect. Recent conflicts have provided stark evidence of how devastating electronic warfare can be, with forces suffering significant losses when their communications are detected and targeted.

PhoenixC4i’s DASA-funded solution is elegantly simple: a clip-on antenna that directs radio signals only where needed, like a spotlight rather than a floodlight. This not only makes communications harder to detect but also improves signal quality. Whether mounted on vehicles, command posts, or carried by soldiers, the system improves survivability with minimal training required.

DarkSky in action

“We developed the DarkSky Clip-On Antenna after realising that existing systems were unable to effectively reduce the detectable signal,” explains Douglas Celerier, founder of PhoenixC4i. “Our solution needed to be ultra-portable, easy to train and versatile enough to be deployed on different platforms, such as vehicles, masts or soldier platforms.”

Revolutionising Tactical Communications Security in Defence

Benefits for Defence:

improve link quality for robust HQ-to-HQ communications

doubling the baseline communication range

extending links within the network, particularly to isolated nodes

providing better quality links to enhance data performance reducing up to 80% unwanted RF signature in identified directions: reducing

vulnerability of intercept

susceptibility to disruption from jamming or co-site interference

easily retrofitting to existing UHF comms systems with low system and network impact

Impact and implementation

On completion of their DASA project, the British Army purchased 75 DarkSky Clip-On Antennas for evaluation. The PhoenixC4i innovation offers a cost-effective solution for protecting static vehicles, headquarters, and infantry radio communications.

Beyond the British Army’s purchase, PhoenixC4i also secured significant contracts, including several units for UK MOD specialist users. The system has proven its worth in multiple trials, including WESSEX Storm and MARWORKS, and is being considered for frameworks such as SERAPIS and humanitarian support to Ukraine.

“When the tactical antenna system was first designed, it was based on a mesh network where the signals all supported each other,” says Celerier. “However, in reality, it doesn’t work like that – small groups go out with long links between organisational units. The DarkSky Clip-On Antenna supports actual operational requirements while keeping users covert.”

DASA and PhoenixC4i: On the same wavelength

The journey from innovative idea to battlefield-ready technology requires more than just engineering talent – it needs the right support. Since 2020, DASA’s expertise has transformed PhoenixC4i’s initial concept into a field-tested reality.

“Working with DASA has provided multiple advantages,” notes Celerier. “The DASA team are always available to assist with everything from admin, commercial, technical direction or helping to open doors to the right customers for our technology. Their support has allowed PhoenixC4i to expand and employ additional personnel.”

The results speak for themselves. What began as antenna modelling in a workshop in Gloucester has evolved into technology tested by British forces, with PhoenixC4i expanding both their team and their ambitions.

“We’ve created something that’s not only innovative but also practical and affordable,” says Celerier.

A growing defence portfolio

The DarkSky Clip-On Antenna is just one part of PhoenixC4i’s growing defence innovation portfolio. Through continued DASA support, the company has been funded to develop technologies including:

SPARTACUS: Tactical Deception Made Simple

This electronic warfare system creates convincing radio signatures that protect forces by generating digital ‘decoys’. The system can simulate various military assets while remaining simple enough for rapid deployment.

Infrared Heat-Mat: Digital Camouflage Evolution

Using advanced materials including silicone and graphene, these heat mats replicate thermal signatures of vehicles and personnel to add clutter and degrade adversary sensor capabilities.

Clever Clutter: Small Units, Big Impact

Available in portable and larger variants, these units create confusion across infrared, visual, and audio spectrums. The technology is cost-effective and requires minimal training, making it ideal for rapid deployment.

D-DIAB: Integrated Deception at the Push of a Button

The ‘Digital Deception in a Box’ combines radio frequency and infrared deception in a single, trailer-mounted unit. It can simulate an entire headquarters location while keeping personnel safely away from harm.

DarkSky, bright future

Building on the success of the DarkSky Clip-On Antenna, PhoenixC4i continues to work with DASA on other electronic warfare solutions, including the SPARTACUS RF deception system and IR heatmat capabilities. These developments demonstrate the ongoing value of DASA’s support in bringing innovative defence solutions to market.

The success of the DarkSky Clip-On Antenna proves that innovative SMEs, with the right support, can deliver critical capabilities to defence users. As electronic warfare continues to evolve, solutions like the DarkSky Clip-On Antenna can play an important role in protecting military communications and ensuring operational success.

Updates to this page

Published 30 January 2025
MIL OSI United Kingdom –
January 31, 2025
MIL-OSI Security: Justice Department Sues to Block Hewlett Packard Enterprise’s Proposed $14 Billion Acquisition of Rival Wireless Networking Technology Provider Juniper Networks

Source: United States Attorneys General

Acquisition Would Eliminate Competition Between Two of the Three Top Wireless Networking Firms, Raise Prices, and Diminish Innovation for American Businesses

Note: View the complaint here.

The Justice Department today sued to block Hewlett Packard Enterprise Co.’s (HPE) proposed $14 billion acquisition of rival wireless local area network (WLAN) technology provider Juniper Networks Inc. (Juniper). HPE and Juniper are the second- and third- largest providers, respectively, of enterprise-grade WLAN solutions in the United States. The complaint, filed in the Northern District of California, alleges that the proposed transaction would eliminate fierce head-to-head competition between the companies, raise prices, reduce innovation, and diminish choice for scores of American businesses and institutions, in violation of Section 7 of the Clayton Act.

“HPE and Juniper are successful companies. But rather than continue to compete as rivals in the WLAN marketplace, they seek to consolidate — increasing concentration in an already concentrated market,” said Acting Assistant Attorney General Omeed A. Assefi of the Justice Department’s Antitrust Division. “The threat this merger poses is not theoretical. Vital industries in our country — including American hospitals and small businesses — rely on wireless networks to complete their missions. This proposed merger would significantly reduce competition and weaken innovation, resulting in large segments of the American economy paying more for less from wireless technology providers.”

WLAN technology — which includes hardware, software, and advanced artificial intelligence — is critical for the modern workplace. Millions of Americans today create and share company resources and access the internet from wireless-enabled devices. Retail employees wirelessly process payments and log inventory. Doctors access medical records on phones and tablets and track life-saving patient care on the go. University students take notes on their laptops and access course materials from their dorm rooms. Wireless networking is the primary means by which many employees connect to their employer’s computer network and the internet.

As alleged in the complaint, Juniper has been a disruptive force that has grown rapidly from a minor player to among the three largest enterprise-grade WLAN suppliers in the U.S. Juniper has also introduced innovative tools that have materially decreased the cost of operating a wireless network for many customers. This competitive pressure has forced HPE to discount its offerings and invest in its own innovation. HPE recognized and tracked Juniper’s growing significance and engaged in a campaign, including mandatory training for its engineers and salespeople, to “beat” Juniper when competing for contracts. Indeed, just a month before the proposed acquisition was announced, front-line HPE salespeople were concerned that “[t]he Juniper threat [was] dire” because in dozens of opportunities Juniper was “trying to unseat” HPE. Senior HPE executives shared this view; one former HPE executive reminded his team that “there are no rules in a street fight” with Juniper and encouraged them to “kill” Juniper when going head-to-head for sales opportunities.

Now, HPE seeks to acquire its smaller, innovative rival. The proposed transaction between HPE and Juniper, if allowed to proceed, would further consolidate an already highly concentrated market — and leave U. S. enterprises facing two companies commanding over 70% of the market: the post-merger HPE and market leader Cisco Systems Inc. This substantial lessening competition in a critically important technology market poses the precise threat that the Clayton Act was enacted to prevent.

Hewlett Packard Enterprise Company is headquartered in Spring, Texas. Its WLAN-focused business unit is located in Santa Clara, California.

Juniper Networks Inc. is headquartered in Sunnyvale, California.

MIL Security OSI –

January 31, 2025
MIL-OSI: Calian to Hold Conference Call Following Announcement of First Quarter FY 2025 Results

Source: GlobeNewswire (MIL-OSI)

OTTAWA, Ontario, Jan. 30, 2025 (GLOBE NEWSWIRE) — Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, will hold a conference call at 8:30 a.m. Eastern Time on Thursday, February 13, 2025, to discuss results for the three-month period ended December 31, 2024. The results will be released before markets open.

Interested participants from the financial and media community should join the live presentation by going to the Calian website and clicking on the Investors section to find the conference call link or directly via the following URL: https://edge.media-server.com/mmc/p/iq588voh.

A replay of the audio webcast will be available at the same location following the conclusion of the call.

About Calian

We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex problems. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets.

Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

Product or service names mentioned herein may be the trademarks of their respective owners.

Media inquiries:
media@calian.com
613-599-8600

Investor Relations inquiries:
ir@calian.com

DISCLAIMER

Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

The MIL Network –

January 31, 2025
MIL-OSI: DDB Miner Announces Revolutionary Cloud Mining Platform, Offering Dogecoin (DOGE) Enthusiasts Up to $15,000 Daily
Source: GlobeNewswire (MIL-OSI)

BIRMINGHAM, United Kingdom, Jan. 30, 2025 (GLOBE NEWSWIRE) — DDB Miner, a leading innovator in cloud mining technology, is revolutionizing the cryptocurrency mining industry by offering Dogecoin (DOGE) enthusiasts a seamless and highly profitable way to generate passive income from home. With cutting-edge mining infrastructure powered entirely by renewable energy, DDB Miner provides an accessible and sustainable cloud mining solution.

Empowering Users Through Cloud Mining

Cryptocurrency mining, a fundamental process in blockchain networks, traditionally requires expensive hardware and extensive technical knowledge. DDB Miner eliminates these barriers with a user-friendly cloud mining platform that allows individuals to participate in mining without the need for costly equipment or maintenance. By leveraging advanced remote mining farms, users can efficiently mine DOGE and other popular cryptocurrencies with ease.

About DDB Miner

As a pioneer in the cloud mining sector, DDB Miner operates over 180 mining farms globally, housing more than 100,000 state-of-the-art mining machines. With a commitment to security, transparency, and sustainability, DDB Miner has attracted over 9 million users worldwide, solidifying its reputation as a trusted leader in the industry.

Key Benefits of DDB Miner’s Cloud Mining Services:
- Instant $12 Registration Bonus – New users receive an immediate sign-up reward.
- Daily Earnings & Payouts – Users can earn up to $15,000 per day with automated daily withdrawals.
- Zero Hidden Fees – No service or management fees, ensuring maximum profitability.
- Diverse Cryptocurrency Support – Mine BTC, LTC, ETH, DOGE, BCH, SOL, XRP, BNB, USDC, and USDT.
- Affiliate Program with Lucrative Bonuses – Earn up to $22,000 in referral rewards.
- Industry-Leading Security – Advanced protection with McAfee® and Cloudflare® security protocols.
- 100% Uptime Guarantee – Reliable operations backed by 24/7 technical support.
How to Get Started with DDB Miner

Joining DDB Miner is a quick and simple process:
1. Register an Account – Sign up in just two minutes and start mining instantly.
2. Select a Mining Contract – Choose from various contract options, including $100, $500, and $1,000 plans, each offering different profit margins and durations.
3. Start Earning Immediately – Users begin receiving payouts the following day, with the option to withdraw funds once reaching a $100 threshold.
Unlock Additional Earnings Through the DDB Miner Affiliate Program

DDB Miner’s Affiliate Program presents an exciting opportunity for users to maximize earnings by referring friends and colleagues. With no referral limits, participants can generate up to $20,000 in monthly bonuses, making it an attractive option for those seeking passive income without upfront investment.

Join the Future of Cloud Mining Today

DDB Miner is redefining the cryptocurrency mining experience, making it more accessible, sustainable, and profitable than ever before. Whether you’re a seasoned investor or a beginner looking to enter the crypto space, DDB Miner provides the tools and resources needed for success.

For more information, visit the DDB Miner Official Website or download the DDB Miner app from Google Play or the Apple Store.

Media Contact:

Katerina Audrey
DDB Miner Media Relations
Email: info@ddbminer.com
Website: https://ddbminer.com

Disclaimer: This press release is provided by “DDB Miner”. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Do your own research before doing any investments.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7458b4da-e47e-4ee6-866d-c32a31b77964

The MIL Network –
January 31, 2025
MIL-OSI: Olivetree and Alvar Financial Announce Strategic Investment and Expansion in Index Event-Driven Trading
Source: GlobeNewswire (MIL-OSI)

LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) — Olivetree and its parent company, Alvar Financial, today announced a strategic investment and restructuring of their index event-driven product platform. This initiative reinforces their commitment to delivering enhanced services to institutional and professional high-net-worth clients.

This investment underscores the firm’s dedication to providing specialist, high-value content across event-driven strategies and capital markets, further solidifying its position as a best-in-class provider in this space.

Expansion and Key Appointments
As part of this expansion, Olivetree is pleased to welcome:
- Nick Wills in Equity Sales and Trading
- Rahil Iqbal as Head of Index Research
Additionally, the firm is growing headcount with professional hires specialising in quantitative research, data analytics, and model development to further enhance its service offerings. Nick and Rahil will join the Catalyst Driven Group led by Daemon Bear & Tim Emmott.

Strengthening Global Expertise
- Nick Wills’ appointment strengthens Olivetree’s Index Event-Driven Product and aligns with the firm’s international growth strategy, particularly in the Middle East—an exciting and dynamic market. Nick brings extensive experience from senior roles at leading institutions, including Citi, JPM, and MS. Most recently, he played a pivotal role in building Citibank’s Middle East equities business over six years. His deep market expertise and proven track record in client relationship development will be invaluable to Olivetree’s growth initiatives.
- Rahil Iqbal joins Olivetree from Schonfeld Strategic Advisors, where he was instrumental in managing EMEA index rebalancing and developing predictive strategies for global indices such as MSCI, FTSE, and local blue chips. Prior to this, Rahil made significant contributions as a Quantitative Index Analyst at Cantor Fitzgerald Europe—helping launch its index product—and as an index strategist at JP Morgan, where he established the firm’s Index Research as the go-to destination for index analysis. His expertise in corporate event analysis, index trading, and portfolio optimization will further enhance Olivetree’s capabilities.
About Olivetree and Alvar Financial

Olivetree, a leading provider of event-driven strategies and Evidence-based Catalyst solutions, operates under its parent company, Alvar Financial. The firm is dedicated to delivering high-value insights and market intelligence to institutional clients, leveraging specialist expertise and innovative approaches to enhance investment strategies.

The MIL Network –
January 31, 2025
MIL-OSI Security: Defense News: Five Broward Residents to Enlist During Florida Panthers Game

Source: United States Navy

SUNRISE, Fla. – Navy Chief Information Officer (CHINFO) Rear Adm. Ryan Perry, a Fort Lauderdale native, will administer the oath of enlistment to five Broward County residents during the Florida Panthers game against the L.A. Kings on January 29, 2025, at Amerant Bank Arena.

“They jumped at the opportunity,” said Electronics Technician (Nuclear) 2nd Class Robert Logozzo, attached to Navy Talent Acquisition Group Miami, who will accompany the future Sailors. “They recognized it as a once-in-a-lifetime chance and are excited to create lasting memories as they make life-changing decisions. The community’s support is truly appreciated.”

The ceremony, set to take place before the pregame activities, is part of Perry’s ongoing visit to his hometown. So far, his engagement has included meetings with members of legislature and non-profit organizations. The trip, which runs through January 30th, is focused on raising Navy awareness, promoting its 250th anniversary, and supporting local recruiting efforts.

NTAG Miami has 38 recruiting locations throughout South Florida, Puerto Rico, and the Virgin Islands, with a shared mission to recruit the highest caliber Sailors to meet the needs of the fleet.

Don’t know what Navy Sailors do? Check out navy.com/careers-benefits/careers to explore more about the 150+ jobs they do!

MIL Security OSI –

January 31, 2025
MIL-OSI: Amid Trump Funding Freeze, Crowded Raises $7.5M to Improve Nonprofit Efficiency

Source: GlobeNewswire (MIL-OSI)

MIAMI, Jan. 30, 2025 (GLOBE NEWSWIRE) — With nonprofits facing new financial uncertainty in the wake of President Trump’s federal funding freeze, Crowded, the mission-driven fintech platform simplifying financial management for nonprofit organizations, today announced it has raised $7.5 million in its Series A funding round, bringing its total funding to $13.5 million to date.

President Trump’s executive order to halt certain federal grants and funding has put thousands of nonprofit programs at risk, leaving organizations scrambling for alternative financial solutions. The uncertainty has heightened the need for transparency, efficiency, and real-time access to financial resources—challenges that Crowded directly addresses through its AI-driven financial management tools.

The round was led by Flashpoint a $500m transatlantic VC that counts Guesty, Chili Piper and Mesh Payments among their portfolio companies with participation from the Florida Opportunity Fund, Wilson’s Bird Capital led by Efi Shema, as well as follow-on investments from existing investors Sarona Ventures and The Garage.

Crowded is trusted by over 35 institutional customers, including renowned organizations such as Harvard Athletics, Pi Kappa Alpha Fraternity, and leading councils of Girl Scouts of the USA. Harvard Athletics is utilizing Crowded’s platform for select teams to manage per diems for student-athletes. These student-athletes can now spend their per diems with digital debit cards and make instant, fee-free transfers with their peers.

By digitizing financial management and eliminating manual processes, Crowded enables nonprofits to redirect their focus from administrative tasks to community-focused work. Crowded’s robust platform provides nonprofits with tailored multi-chapter banking, payment processing, expense management, and AI-powered tax filing services, empowering organizations with tools for financial oversight and compliance.

“In the wake of President Trump’s executive order & funding freeze, the spotlight on nonprofit financial management and accountability has never been brighter,” said Daniel Grunstein, Co-Founder and CEO of Crowded. “Nonprofits handle $3.9 trillion in payments annually and make up 14% of US GDP, yet outdated systems and fragmented processes hold back their efficiency and impact. This funding allows us to expand our nonprofit financial management platform with payment processing, compliance, and AI-powered taxation tools—giving nonprofits the modern infrastructure they need to operate as seamlessly as the world’s top enterprises. By solving these challenges, we’re enabling organizations to focus less on administration and more on their mission to drive change.”The lead investor, Flashpoint, emphasized the potential for Crowded’s mission-driven approach. “With the recent funding freeze creating uncertainty for nonprofits, solutions like Crowded are more critical than ever,” said Noam Wolf at Flashpoint. “Crowded is dedicated to helping nonprofits focus on their mission rather than their balance sheets, and this moment highlights the urgent need for financial transparency and resilience. We are proud to support their growth and look forward to seeing them empower more organizations to do good.”

About Crowded
Crowded is an all-in-one financial management platform for nonprofits that allows for 100% online multi-chapter nonprofit banking, built-in payment processing, transparent spending tools, and AI-powered tax filing and compliance. Nonprofit finances are managed remotely and effectively; saving time on reporting, reimbursements, and officer handovers.

Founded in 2021 and headquartered in Miami, Florida with offices in Tel Aviv, Israel, Crowded serves a diverse range of nonprofit sectors, including membership groups and charitable and religious institutions, helping them ensure financial clarity, transparency, and sustainability.

Users can learn more at bankingcrowded.com.

About Flashpoint
Flashpoint is an international tech investment manager with over $500 million AUM focused on US and Western European tech companies originating from Europe and Israel. Flashpoint manages six venture funds across three products: Venture Capital, Venture Debt, and Direct Secondaries. Headquartered in London with offices in New York, and Tel Aviv, the funds have invested in 72 companies and completed 23 exits, including Shazam (to Apple), Chess.com (to PokerStars founders and General Atlantic), and Marketman (to PSG).

Users can learn more at http://www.flashpointvc.com

Contact

PR for Crowded
Orian Tal
orian@thepitch.media

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8548d593-caa3-4e9d-ad1a-e2f7048016b1

The MIL Network –

January 31, 2025
MIL-OSI: Landsbankinn hf.: 2024 financial results of Landsbankinn
Source: GlobeNewswire (MIL-OSI)
- Landsbankinn’s profit in 2024 was ISK 37.5 billion after taxes, as compared with ISK 33.2 billion the previous year.
- Return on equity (ROE) in 2024 was 12.1%, compared with 11.6% in 2023.
- Profit in the fourth quarter of 2024 was ISK 10.6 billion and return on equity 13.3%.
- The Board of Directors intends to propose that the Annual General Meeting approve a dividend payment in the amount of nearly ISK 19 billion for the year 2024, corresponding to around 50% of the year’s profit.
- Total taxes paid by the Bank, both income tax and a special tax on financial undertakings, amounted to ISK 17.2 billion.
- Operating expenses increase in line with price levels yet the Bank’s cost-income ratio has never been lower, or 32.4%.
- Lending grew by ISK 177 billion during the year, or 10.8%. Customer deposits increased by ISK 180 billion, or 17,2%, at the same time.
- Increased activity and new services contributed to growing commission income, with net fee and commission income increasing by 2.3%.
- Net interest margin as a ratio of average asset position was 2.7% in 2024 compared to 3.0% for 2023. The net interest margin of domestic households was 2.1%.
- Use of Landsbankinn’s app continued to grow and surveys show that users are very satisfied with it. Customers who invest their under Smart Savings in the app grew by 39% in 2024, meaning that around 59,000 customers now gain the best interest terms offered on a non-indexed account.
- Net credit impairment of financial assets was negative by ISK 2.8 billion, with ISK 2.7 billion thereof attributable to natural disaster on the Reykjanes peninsula.
- The capital ratio at year end was 24.3%. The Financial Supervisory Authority (FSA) of the Central Bank of Iceland sets Landsbankinn’s total capital requirement at 20.4%.
- Today, the Bank publishes detailed sustainability information, including calculation of the carbon footprint of its credit portfolio, which has decreased by 20% from the reference year, 2019.
- In 2024, 57.7% of the Bank’s new funding was green and a total of 61.3% of non-domestic funding is green.
- In September, the FSA published the results of its assessment, finding that Landsbankinn is eligible to control a qualifying holding in TM tryggingar hf. (TM). The conclusion of the Icelandic Competition Authority in the same case is pending.
- The Pillar III risk report for 2024 is published alongside the annual financial statements.
- Landsbankinn’s Annual & Sustainability Report will be published 13 February 2025.
 
Lilja Björk Einarsdóttir, CEO of Landsbankinn:

“Landsbankinn achieved all of its main objectives in 2024, whether related to customer service, financial performance or operations. Profit amounted to ISK 10.6 billion in the fourth quarter and ISK 37.5 billion for the full year. Annualised return on equity was 12.1%. The fourth quarter was one of the strongest in the Bank’s history.

The Bank’s strong performance is built on solid foundations. Over the past ten years, the Bank’s total assets have grown by ISK 1,083 billion and equity by ISK 74 billion, alongside total dividend payments to shareholders amounting to ISK 192 billion. Operating expenses have remained stable, the number of full-time positions has decreased in tandem with technological advancements and the ratio of operating expenses to average total assets – a common measure of bank efficiency – has never been lower. As a result, the Bank’s competitiveness and strength have increased, enabling it to better support value creation and investments. The net interest margin has declined between periods, and the Bank is positioned to offer more favourable terms while still maintaining acceptable profitability.

The Bank’s strong financial position benefits society by increasing lending capacity. Total loan growth for the year amounted to ISK 177 billion, with around 60% of this increase from corporate lending. Landsbankinn remains the largest lender to the construction industry and has maintained a strong position in lending to fisheries, despite intense competition from foreign financial institutions, which can offer better terms due to greater economies of scale and lower taxes. Our focus on improving services for small and medium-sized enterprises has yielded strong results and we see many opportunities in this market. Demand for the Bank’s mortgage loans exceeded expectations, clearly indicating that borrowers are seeking competitive terms, fast service, and high-quality customer support. When the fixed interest rate period ended for customers who had fixed rates when they were at their lowest, we personally called each one to offer advice and go over the available options.

The increase in lending is backed by strong financing, not least growing customer deposits, which increased by ISK 180 billion over the year. Competitive rates and first-rate digital services have played a key role in this development. Throughout the year, the number of customers using the Bank’s Smart Savings in the app grew by 39%, allowing them to benefit from the best available rates on unrestricted accounts. Currently, around 59,000 individuals use this simple and favourable savings solution. Funding on both international and domestic capital markets was also successful. A noteworthy milestone was the issuance of senior non-preferred bonds, the first-ever issuance of its kind by an Icelandic bank. The success of bond issuances confirms the Bank’s strong financial position, which was also reflected in an upgrade in its credit rating. We believe that all conditions are in place for further improvements in the credit rating over the coming 1-2 years.

The Bank’s net interest margin declined during the year, reflecting the lower interest rate environment and there was a slight decrease in net interest income. Fee and commission income grew, particularly due to strong performance in acquiring services, where the Bank has firmly established its position. In 2024, 757 new businesses joined our acquiring services, including several of the country’s largest retail companies. The payment acquiring service has expanded the Bank’s service offering, boosted customer satisfaction, and created new growth opportunities in the corporate market: Nearly 40% of businesses that joined the service had no prior banking relationship with us.

Similarly, the Bank’s acquisition of TM presents significant growth opportunities, both on the corporate and retail side. We believe that the integration of banking and insurance services will be beneficial for customers, cost-efficient and full of potential, as evidenced by the success of similar models across Europe. At the same time, the acquisition will diversify revenue streams and support long-term profitability. The Bank’s strategic focus in recent years, providing outstanding service across Iceland both on-site and through leading digital solutions, including a top-tier app, creates exciting opportunities for both the Bank and TM.

One of the most significant events on the Icelandic market last year was JBT’s acquisition of Marel. Landsbankinn has long held an indirect ownership stake in Marel through Eyrir Invest, dating back to Eyrir’s refinancing in 2009. The value of this stake in Eyrir has fluctuated significantly over the years, at times impacting the Bank’s financial results considerably. Overall, the Bank’s involvement with Marel and Eyrir has been successful.

The vast majority of our customers use Landsbankinn’s app for their banking needs. The app is intuitive, offering unique features not available elsewhere and user satisfaction surveys indicate high approval. We are committed to continuous improvement, having released 33 app updates last year. Alongside our focus on development of the app and other digital innovation, we remain dedicated to the human element in customer service. We operate 35 branches and outlets across Iceland and this year we placed even greater emphasis on enabling employees all over the country to work on tasks that are not limited to geographic location. The results have been undeniably positive, reflected in shorter processing and wait times, as well as higher employee satisfaction, with staff appreciating the diverse and challenging work opportunities. Landsbankinn is a trusted bank for a successful future and its performance in recent years proves that with a dedicated and ambitious team, anything is possible.”

Landsbankinn’s financial calendar
- Annual General Meeting 19 March 2025
- Q1 2025 results 30 April 2025
- Q2 2025 results 17 July 2025
- Q3 2025 results 23 October 2025
- Annual results 2025 29 January 2026
For further information contact:

Public Relations, pr@landsbankinn.is

Investor Relations, ir@landsbankinn.is

Attachments

The MIL Network –
January 31, 2025

MIL-OSI: Cegedim’s revenue grew 6.3% in 2024

Source: GlobeNewswire (MIL-OSI)


PRESS RELEASE

Quarterly financial information as of December 31, 2024
IFRS – Regulated information – Not audited

Cegedim’s revenue grew 6.3% in 2024

Full year revenue rose 4.7% like for like to €654.5 million
Fourth quarter revenue grew 5.9% like for like to €178.7 million
All operating divisions contributed to growth in the fourth quarter

Boulogne-Billancourt, France, January 30, 2025, after the market close

Revenue

	Fourth quarter				Change Q4 2024 / 2023
in millions of euros	2024	2023 reclassified⁽¹⁾	Reclassification⁽¹⁾	2023 Reported	Reported vs. reclassified⁽¹⁾	Like for like⁽²⁾⁽³⁾ vs. reclassified⁽¹⁾
Software & Services	80.1	75.7	(8.7)	84.4	+5.8%	+2.8%
Flow	27.0	24.2	(0.6)	24.8	+12.0%	+11.7%
Data & Marketing	38.4	35.8	0.0	35.8	+7.1%	+7.1%
BPO	21.2	19.6	0.0	19.6	+7.8%	+7.8%
Cloud & Support	12.0	11.3	+9.3	2.0	+6.2%	+6.2%
Cegedim	178.7	166.6	0.0	166.6	+7.2%	+5.9%

	Full year				Change FY 2024 / 2023
in millions of euros	2024	2023 reclassified⁽¹⁾	Reclassification⁽¹⁾	2023 Reported	Reported vs. reclassified⁽¹⁾	Like for like⁽2⁾⁽⁴⁾ vs. reclassified⁽¹⁾
Software & Services	307.8	302.3	(24.3)	326.6	+1.8%	(1.2)%
Flow	100.3	93.4	(2.5)	95.9	+7.3%	+7.2%
Data & Marketing	125.9	114.9	0.0	114.9	+9.6%	+9.6%
BPO	82.7	71.5	0.0	71.5	+15.8%	+15.8%
Cloud & Support	37.8	33.9	+26.8	7.1	+11.3%	+11.3%
Cegedim	654.5	616.0	0.0	616.0	+6.3%	+4.7%

Cegedim’s consolidated fourth quarter 2024 revenues rose to €178.7 million, up 7.2% as reported and 5.9% like for like⁽²⁾ compared with the same period in 2023. All operating divisions contributed to like for like growth in the fourth quarter.

Over the full year, revenues rose 6.3% as reported and 4.7% like for like compared with 2023. Marketing, health insurance, HR, and cloud businesses delivered the most solid growth over the full year. As expected, the Software & Services division felt the impact of comparisons with Ségur public health investment spending in 2023 and a slowdown in international sales because the Group decided to refocus its UK doctor software activities on Scotland, and then later decided to voluntarily place that business under administration.

Analysis of business trends by division

Software & Services

Software & Services	Fourth quarter		Change Q4 2024 / 2023		Full year		Change FY 2024 / 2023
in millions of euros	2024	2023 Reclassified⁽³⁾	Reported vs. reclassified⁽¹⁾	Like for like⁽²⁾ vs. reclassified⁽¹⁾	2024	2023 reclassified⁽¹⁾	Reported vs. reclassified⁽¹⁾	Like for like⁽²⁾ vs. reclassified⁽¹⁾
Cegedim Santé	21.3	18.1	+17.2%	+1.8%	80.2	76.5	+4.8%	(7.1)%
Insurance, HR, Pharmacies, and other services	47.2	44.9	+5.1%	+5.1%	176.7	173.3	+2.0%	+1.9%
International businesses	11.6	12.7	(8.2)%	(3.5)%	50.9	52.5	(3.0)%	(3.0)%
Software & Services	80.1	75.7	+5.8%	+2.8%	307.8	302.3	+1.8%	(1.2)%

Revenues at Cegedim Santé grew 17.2% as reported in the fourth quarter and 1.8% like for like. Reported growth over the full year came to 4.8%, but like-for-like revenues fell 7.1% due to the absence of Ségur public health investments, which generated revenue of €4.7 million in 2023. Reported growth includes Visiodent from March 1, 2024. The new subsidiary has already started marketing Group products like the Maiia appointment scheduling app and the Claude Bernard database to its clients, but those sales are not reflected in like-for-like growth.

Others French subsidiaries saw reported revenue growth of 5.1% in the fourth quarter and 2% over the full year (1.9% LFL; Phealing acquired in Q4 2023). Over both the fourth quarter and the full year, the division was propelled by growth at the insurance businesses, thanks to robust project-based sales, and by HR, which is still getting a boost from its client diversification strategy. On the other hand, sales to pharmacies were down substantially—as they were at some of the competitors. This was partly because equipment sales slowed after many pharmacies updated their equipment in 2023. In addition, the pharmacy software business took in more than €2 million in Ségur public health investment revenues in 2023, creating a tough comparison.

Internationally, revenues from software sales to UK doctors declined, as expected, following the Group’s decision early in the year to refocus the activity on Scotland. Unfortunately, the market proved too sluggish for this plan to succeed. On December 10, the Group decided to deconsolidate this subsidiary after announcing it would be voluntarily placed under administration. That move aggravated the drop in reported revenues in the fourth quarter, which came to 8.2%.

Flow	Fourth quarter		Change Q4 2024 / 2023		Full year		Change FY 2024 / 2023
in millions of euros	2024	2023 reclassified⁽¹⁾	Reported vs. reclassified⁽¹⁾	Like for like⁽²⁾ vs. reclassified⁽¹⁾	2024	2023 reclassified⁽¹⁾	Reported vs. reclassified⁽¹⁾	Like for like⁽²⁾ vs. reclassified⁽¹⁾
e-business	15.0	14.0	+7.1%	+6.7%	58.5	55.4	+5.6%	+5.3%
Third-party payer	12.0	10.2	+18.7%	+18.7%	41.8	38.0	+9.9%	+9.9%
Flow	27.0	24.2	+12.0%	+11.7%	100.3	93.4	+7.3%	+7.2%

Fourth-quarter growth in e-business, e-invoicing, and digitized data exchanges was 7.1%. The boost came from a rebound in Invoicing & Purchasing in France and a continued surge at the Healthcare Flow segment, which started early in the year, owing to dynamic new offerings for hospitals that are designed to make their drug purchasing secure. Growth over the full year was a solid 5.6%.

The digital data flow business dealing with reimbursement of healthcare payments in France (Third-party payer) experienced 18.7% growth in Q4. It was boosted by strong growth in demand for its fraud and long-term illness detection offerings. Over the full year, this trend more than offset the transfer of revenue attributable to the Allianz contract—now attributed to the BPO business—and allowed the unit to post growth of 9.9%.

Data & Marketing

Data & Marketing	Fourth quarter		Change Q4 2024 / 2023		Full year		Change FY 2024 / 2023
in millions of euros	2024	2023 reclassified⁽¹⁾	Reported vs. reclassified⁽¹⁾	Like for like⁽²⁾ vs. reclassified⁽¹⁾	2024	2023 reclassified⁽¹⁾	Reported vs. reclassified⁽¹⁾	Like for like⁽²⁾ vs. reclassified⁽¹⁾
Data	22.4	21.0	+6.3%	+6.3%	65.5	64.5	+1.6%	+1.6%
Marketing	16.0	14.8	+8.2%	+8.2%	60.4	50.4	+19.9%	+19.9%
Data & Marketing	38.4	35.8	+7.1%	+7.1%	125.9	114.9	+9.6%	+9.6%

Data businesses posted 6.3% yoy growth in the fourth quarter, cementing an improvement over the second half, particularly in France. Thanks to its strong presence on the ground and its agility in adapting to customer demands, the Data business has been able to post positive growth of 1.6% in 2024, following a remarkable year in 2023.

The Marketing segment had a solid fourth quarter, up 8.2%, and a record year, with growth of 19.9%. The performance showed the soundness of its phygital media strategy for pharmacies and was bolstered by special ad campaigns during the Olympics.

BPO	Fourth quarter		Change Q4 2024 / 2023		Full year		Change FY 2024 / 2023
in millions of euros	2024	2023 Reclassified⁽⁴⁾	Reported vs. reclassified⁽¹⁾	Like for like⁽²⁾ vs. reclassified⁽¹⁾	2024	2023 reclassified⁽¹⁾	Reported vs. reclassified⁽¹⁾	Like for like⁽²⁾ vs. reclassified
Insurance BPO	15.4	14.0	+9.9%	+9.9%	60.0	49.9	+20.2%	+20.2%
Business Services BPO	5.8	5.6	+2.8%	+2.8%	22.7	21.6	+5.5%	+5.5%
BPO	21.2	19.6	+7.8%	+7.8%	82.7	71.5	+15.8%	+15.8%

The Insurance BPO business grew by 9.9% over the fourth quarter, chiefly owing to its overflow business, which has been flourishing since the start of the year. Growth over the full year amounted to 20.2%, partly thanks to a favorable comparison stemming from the April 1, 2023, launch of the Allianz contract.

Business Services BPO (HR and digitalization) reported growth of 2.8% in the fourth quarter and 5.5% over the full year on the back of a popular compliance offering and new clients.

Cloud & Support

Cloud & Support

Fourth quarter

Change Q4 2024 / 2023

Full year

Change FY 2024 / 2023

in millions of euros

2024

2023

reclassified⁽¹⁾

Reported

vs. reclassified⁽¹⁾

Like for like⁽²⁾

vs. reclassified⁽¹⁾

2024

2023

reclassified⁽¹⁾

Reported

vs. reclassified⁽¹⁾

Like for like⁽²⁾

vs. reclassified⁽¹⁾

Cloud & Support

12.0

11.3

+6.2%

37.8

33.9

+11.3%

The Cloud & Support division’s trajectory continued over the fourth quarter, with growth of 6.2% bringing FY growth to 11.3%. The progress reflects our expanded range of sovereign cloud-backed products and services, which earned the ANSSI security visa for SecNumCloud certification.

Highlights

Apart from the items cited below, to the best of the company’s knowledge, there were no events or changes during Q4 2024 that would materially alter the Group’s financial situation.

On December 10, 2024, Cegedim announced that it had voluntarily placed its UK subsidiary—INPS, which sells software for doctors—under administration.

Significant transactions and events post December 31, 2024
To the best of the company’s knowledge, there were no post-closing events or changes after December 31, 2024, that would materially alter the Group’s financial situation.

Outlook

Like-for-like revenue growth(¹⁾ in 2024 was just below the bottom of the announced 5% to 8% range compared with 2023. Had the Group not refocused INPS on Scotland and then closed it later in the year, it would have met the 5% target. This performance is unlikely to jeopardize the outlook for recurring operating income, which is expected to continue improving.
That said, the deconsolidation of INPS is likely to result in significant non-cash adjustments.
These statements are not forecasts and are based on financial information that has not yet been audited.

—————

WEBCAST ON JANUARY 30, 2025 AT 6:15 PM (PARIS TIME)

The webcast is available at: www.cegedim.fr/webcast

The FY 2024 revenue presentation is available at:
https://www.cegedim.fr/documentation/Pages/presentation.aspx

Financial calendar:

2025

March 27 after the close

March 28 at 10:00 am

April 24 after the close

June 13 at 9:30

July 24 after the close

September 25 after the close

September 26 at 10:00 am

October 23 after the close

2024 results

SFAF meeting

Q1 2025 revenues

Shareholders’ general meeting

H1 2025 revenues

H1 2025 results

SFAF meeting

Q3 2025 revenues

Financial calendar: https://www.cegedim.fr/finance/agenda/Pages/default.aspx

Disclaimer
This press release is available in French and in English. In the event of any difference between the two versions, the original French version takes precedence. It was sent to Cegedim’s authorized distributor on January 30, 2025, no earlier than 5:45 pm Paris time.
The figures cited in this press release include guidance on Cegedim’s future financial performance targets. This forward-looking information is based on the opinions and assumptions of the Group’s senior management at the time this press release is issued and naturally entails risks and uncertainty. For more information on the risks facing Cegedim, please refer to Chapter 7, “Risk management”, section 7.2, “Risk factors and insurance”, and Chapter 3, “Overview of the financial year”, section 3.6, “Outlook”, of the 2023 Universal Registration Document filled with the AMF on April 3, 2024, under number D.24-0233.

About Cegedim:
Founded in 1969, Cegedim is an innovative technology and services group in the field of digital data flow management for healthcare ecosystems and B2B, and a business software publisher for healthcare and insurance professionals. Cegedim employs nearly
6,700 people in more than 10 countries and generated revenue of over €654 million in 2024.
Cegedim SA is listed in Paris (EURONEXT: CGM).
To learn more please visit: www.cegedim.fr
And follow Cegedim on X: @CegedimGroup, LinkedIn, and Facebook.

Aude Balleydier
Cegedim
Media Relations
and Communications Manager

Tel.: +33 (0)1 49 09 68 81
aude.balleydier@cegedim.fr

Damien Buffet
Cegedim
Head of Financial
Communication

Tel.: +33 (0)7 64 63 55 73
damien.buffet@cegedim.com

Céline Pardo
Becoming RP Agency
Media Relations Consultant

Tel.: +33 (0)6 52 08 13 66
cegedim@becoming-group.com

____________________________________________________________________________________________________________________________________________________

(1) At constant scope and exchange rates.

Annexes

Breakdown of revenue by quarter and division

in millions of euros	Q1	Q2	Q3		Q4	Total
Software & Services	74.3	77.8		75.6	80.1	307.8
Flow	25.4	24.2		23.7	27.0	100.3
Data & Marketing	27.0	32.3		28.2	38.4	125.9
BPO	20.2	19.7		21.6	21.2	82.7
Cloud & Support	9.0	9.1		7.7	12.0	37.8
Group revenue	155.9	163.1		156.8	178.7	654.5

in millions of euros	Q1 reclassified	Q2 reclassified	Q3 reclassified		Q4 reclassified	Total reclassified
Software & Services	74.4	76.2		76.0	75.7	302.3
Flow	24.0	22.8		22.4	24.2	93.4
Data & Marketing	24.6	30.3		24.1	35.8	114.9
BPO	14.4	18.4		19.0	19.6	71.5
Cloud & Support	8.4	7.4		6.8	11.3	33.9
Group revenue	145.9	155.1		148.3	166.6	616.0

Revenue breakdown by geographic zone, currency, and division at December 31, 2024

as a % of consolidated revenues	Geographic zone			Currency
as a % of consolidated revenues	France	EMEA ex. France	Americas	Euro	GBP	Other
Software & Services	83.5%	16.4%	0.1%	86.9%	11.4%	1.7%
Flow	92.1%	7.9%	0.0%	94.6%	5.4%	0.0%
Data & Marketing	97.9%	2.1%	0.0%	98.1%	0.0%	1.9%
BPO	100.0%	0.0%	0.0%	100.0%	0.0%	0.0%
Cloud & Support	99.9%	0.1%	0.0%	100.0%	0.0%	0.0%
Cegedim Health Data UK	90.6%	9.3%	0.1%	92.2%	6.6%	1.2%

(1)   As of January 1, 2024, our Cegedim Outsourcing and Audiprint subsidiaries—which were previously housed in the Software & Services division—as well as BSV—formerly of the Flow division—have been moved to the Cloud & Support division in order to capitalize on operating synergies between cloud activities and IT solutions integration.
(2)   At constant scope and exchange rates.
(3)   The positive currency impact of 0.2% was mainly due to the pound sterling. The positive scope effect of 1.1% was attributable to the first-time consolidation in Cegedim’s accounts of Visiodent starting March 1, 2024.
(4)   The positive currency impact of 0.2% was mainly due to the pound sterling. The positive scope effect of 1.4% was attributable to the first-time consolidation in Cegedim’s accounts of Visiodent starting March 1, 2024.

(1) 3To take advantage of synergies, Cegedim Outsourcing, Audiprint, and BSV have been reassigned to the Cloud & Support division.
(2) At constant scope and exchange rates.

(1) 4To take advantage of synergies, Cegedim Outsourcing, Audiprint, and BSV have been reassigned to the Cloud & Support division.
(2) At constant scope and exchange rates.

Attachment

Cegedim_Revenue_4Q2024_ENG

The MIL Network –

January 31, 2025

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