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Category: Business

  • MIL-OSI USA: U.S. construction costs rose slightly for solar and wind, dropped for natural gas in 2022

    Source: US Energy Information Administration

    In-brief analysis

    October 22, 2024

    The average U.S. construction costs for solar photovoltaic systems and wind turbines in 2022 were close to 2021 costs, while natural gas-fired electricity generators decreased 11%, according to our recently released data. Average construction costs for solar generators increased by 1.7% in 2022, and for wind turbines they increased by 1.6%.

    These three technologies—solar, wind, and natural gas—comprised 86% of the capacity added to the U.S. electric grid in 2022. Investment in new electric-generating capacity in 2022 decreased by 27% from 2021 to $36.9 billion dollars.

    Generator cost data are reported to EIA through the EIA-860, Annual Electric Generator Inventory. The costs discussed in this article reference our electric generator construction costs data, which organize the nominal construction cost values for generators installed in each reporting year. The recently released data examine trends from past years. Discussion of additional cost information and trends is available in our Short-Term Energy Outlook.

    Solar
    Average U.S. solar construction costs across all solar panel types increased 1.7% to $1,588 per kilowatt (kW) in 2022. The increase was primarily driven by a 13% increase in the construction cost for crystalline silicon tracking panels, which increased to $1,605/kW, the highest price since 2018.

    The average construction cost for crystalline silicon fixed-tilt panels decreased by 13%, but they remained the most expensive of the major solar technologies at $1,788/kW. The average cost for Cadmium telluride panels also decreased by about 6% to $1,529/kW in 2022.

    Most solar panels installed in the United States are crystalline silicon tracking panels. Unlike fixed-tilt systems, solar tracking systems automatically move to follow the sun as it moves across the sky, allowing more continuous sun exposure and, therefore, greater electricity production.

    Wind
    The average construction cost for U.S. onshore wind turbines increased 1.6% in 2022 to $1,451/kW. Higher costs were driven by increases in construction costs for wind farms greater than 100 megawatts (MW) in nameplate capacity. The cost for wind farms between 100 MW and 200 MW of capacity increased by 10% to $1,614/kW. Construction costs for the largest wind farms—those with more than 200 MW—also increased to average $1,402/kW in 2022, up 1.4%. Construction costs for wind farms with 1 MW to 100 MW of capacity continued to decrease, this time by an average of 7.3% to 1,806/kW in 2022.

    Natural gas
    The average construction cost for natural gas-fired generators fell 11% between 2021 and 2022. The decrease was driven primarily by decreases in the cost for combined-cycle facilities. The average construction cost for generators at combined-cycle facilities fell by 42% in 2022 to $722/kW.

    The costs for other natural gas technologies increased in 2022. The average construction cost for a combustion turbine almost doubled between 2021 and 2022 to $1,006/kW, and the cost for internal combustion engines fueled with natural gas increased by 27% to $1,677/kW.

    Principal contributor: Alex Mey

    MIL OSI USA News –

  • MIL-OSI Russia: Sobyanin: Sports complex to be built in Rostokino district

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Plans have been approved for the construction of two social and public-business infrastructure facilities, which will create over 1,100 jobs. This was reported in on your telegram channel Sergei Sobyanin reported.

    “Plans for the construction of two facilities in the north-east and west of Moscow have been approved: a sports complex on Selskokhozyaistvennaya Street in the Rostokino district and a multifunctional business center on Vereiskaya Street in the Mozhaisky district. They will be built at the expense of investors program to stimulate the creation of employment opportunitiesAs a result, the city will receive over 1.1 thousand new jobs,” the Mayor of Moscow wrote.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    The program to stimulate the creation of multi-apartment buildings was approved by the Moscow Government in 2019 (Resolution No. 1874-PP of December 31, 2019) to attract housing developers to actively build industrial, business, social, cultural and other important facilities for the city. Investors who simultaneously create jobs while constructing multi-apartment buildings receive a benefit on payments to change the type of permitted use of land for housing construction.

    The implementation of the program stimulates balanced integrated development of new districts, reduces the shortage of jobs in neighborhoods with established planning, and also reduces excessive pendulum migration.

    Over the four years of its implementation, the program to stimulate the creation of employment opportunities has covered almost all districts of the city. The Moscow government has concluded more than 130 agreements with investors, which provide for the construction of over six million square meters of commercial real estate – these are industrial enterprises, logistics complexes, office and retail facilities, as well as educational, cultural and sports institutions. In total, more than two trillion rubles will be attracted to the development of the city and the creation of employment opportunities. As a result, over 290 thousand jobs will appear in almost all sectors of the capital’s economy.

    Developers can apply for special status at Moscow investment portal.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/major/themes/11932050/

    MIL OSI Russia News –

  • MIL-OSI Russia: Developers can apply for residency in Russia’s first video game and animation cluster

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Until November 30, Moscow animation studios and video game development companies will be able to apply for residency in Russia’s first video game and animation cluster. Agreements will be concluded after the second stage of selection in the first half of 2025. This was reported by the Minister of the Moscow Government, head of the Moscow Department of Culture Alexey Fursin.

    “We are announcing the start of the first stage of accepting applications for residency in the first video game and animation cluster in Russia. The participant status will provide an opportunity to place a company office on the territory of the cluster and, using the provided equipment, create new video game and animation products of any complexity. Working in such conditions will help individual specialists and companies develop their projects and the Russian gaming industry,” noted Alexey Fursin.

    Earlier, more than 40 companies expressed their desire to become residents of the cluster. This status will make it possible to place an office of no more than 500 square meters on its territory, as well as use modern infrastructure and advanced equipment that allows creating video game and animation products of any complexity.

    You can submit an application on the website Creative Industries Agencies (CIA)At the beginning of 2025, the expert council will hold a second round of selection and determine the companies that will receive residency.

    Candidates must have the status of an individual entrepreneur or a legal entity registered in Moscow. In addition, they must have at least one completed video game or animation product in their professional portfolio, as well as another project in the development stage.

    The country’s first video game and animation cluster will be located in the Stratos business center on Nikola Tesla Street. The operator is the Agency for Creative Industries. The cluster will cover about 40,000 square meters. In addition to office space, coworking, and exhibition halls, Stratos will house technological infrastructure for creating video games and animation.

    With the help of a motion capture studio, it will be possible to create realistic characters: record the movements of actors or animals and transform them into high-quality digital images or animation.

    The recording studio will record background sounds, music and soundtracks for video games and animated films, as well as voice their characters.

    A cinema hall with high-resolution screens is provided for viewing and adjusting finished materials. They will provide the precise color rendering necessary for working on videos. A technically equipped lecture hall with a modular system is provided for holding lectures, training sessions and other events.

    The conference hall and exhibition area will host business and creative events, exhibitions and presentations. Companies will be able to demonstrate their developments to visitors. There are several meeting rooms in the cluster for business meetings.

    The residents of the cluster will be beginning and experienced Russian development companies and animation studios. The platform will cover all areas of the industry – from training to support for Moscow specialists in export activities. Residents will have access to professional high-tech equipment, as well as participate in international exhibitions, accelerators, lectures and master classes.

    The cluster is expected to become a center of attraction for talented developers from all over the country and open up new opportunities for the development of the creative industry. The support measures provided by the city will help to consolidate Moscow’s position among the leaders in the field of video game and animation creation.

    Since 2023, the Moscow Agency for Creative Industries has been actively supporting the video game industry. This year, the Moscow Agency for Creative Industries launched the Video Game Factory accelerator, whose participants refine their ideas and then present them to investors. The most successful of them are distributed on the largest gaming platforms in Russia and the world. The first stream has already ended with the creation of 20 unique projects, and there are two more streams ahead.

    Over 25 projects and cooperation with 70 countries: results of 2023 in the creative industries

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/145603073/

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: England v USA Women’s Rugby World Cup opener fantastic news for Sunderland

    Source: City of Sunderland

    That’s the verdict of Sunderland City Council Leader Councillor Michael Mordey on today’s announcement that England has drawn the USA in next summer’s Women’s Rugby World Cup opener.

    England’s Red Roses kick off the tournament’s opening match against the USA at Sunderland’s Stadium of Light on 22 August next year.

    Today’s release of the Women’s Rugby World Cup 2025 match schedule sets the stage for six weekends of compelling competition in the biggest ever celebration of women’s rugby.

    Reacting to the news, Council Mordey, said: “It’s brilliant that England has drawn the USA at next summer’s opening match in Sunderland.

    “Sunderland has a very special relationship with the USA, from the ancestral links between Washington Old Hall and George Washington dating back from 1183 to the Friendship Agreement Sunderland signed with the US capital Washington DC in 2006 which has created so many opportunities over the years.

    “We’ve also seen significant investment and employment in Sunderland from American-owned companies over the years, such as Lear, Adient, UK Independent Medical Services, Apexon and Rayovac, to name just a few, creating valuable jobs for people across the city. While our young people have benefitted from a number of exchanges as a result of our unique Friendship Agreement – with Monkwearmouth Academy welcoming young people from School without Walls in Washington DC to the city and to City Hall just in the last couple of weeks.

    “So, it’s incredibly exciting to have England playing the USA in the opening match of the Women’s Rugby World Cup in our city. And I’m very much looking forward to welcoming the US team and their fans, swelling the numbers we’re already looking to welcome from across the world. It will also be a real thriller for sports fans from across the North East.

    “I think there’ll be a really electric atmosphere in our city that night and I would urge anyone who hasn’t already got their tickets to look out for the next ticket releases coming soon.

    “Hosting the opening game is a wonderful opportunity for our city and our region to shine on the international stage at a time when Sunderland city centre is going through a £2 billion transformation so it’s brilliant news all round.”

    The last few years have seen a massive surge of interest in women’s rugby and women’s sport in general both locally and nationally.

    And tournament organisers, World Rugby say the match schedule has been developed with team and fan experience at heart, with exciting matchups in each of the eight host locations, family friendly kick-off times, inexpensive match tickets and optimised team travel.

    With 95 per cent of the population in England within two hours of a match venue, fans will have an unprecedented opportunity to see rugby’s biggest stars in action, while host cities are getting ready to welcome international travelling fans with iconic and vibrant local experiences.

    With excitement building, fans will have the opportunity to apply for tickets for all matches from 11:00 (GMT) on Tuesday 5 November until 11:00 (GMT) on Tuesday 19 November. Ballots will be used for any price categories which are oversubscribed. Fans can register to be the first to hear about ticket news here.

    Prior to the two-week ticket application phase, Worldwide Partner Mastercard is offering its cardholders access to a 48-hour priority sale for all matches from 11:00 (GMT+1) today until 11:00 (GMT+1) on Thursday 24 October at tickets.rugbyworldcup.com. Only Mastercard payments will be accepted during this priority window.

    American companies in the city employ over 3,000 people and Sunderland is also home to a number of businesses with plants both here and in the US, including Nissan and AESC, as well as Lear, Adient and Vantec, which promises to bring the opening match into day to day life across our communities on both sides of the Atlantic.

    Sunderland’s friendship agreement with Washington DC also led to the creation of the popular Sunderland Shorts Film Festival which continues to go from strength to strength. The annual festival, which will celebrate its 10th birthday in 2025, proudly showcases the best short films from the UK and around the world including Australia and the United States of America, while championing homegrown talent from the region.

    MIL OSI United Kingdom –

  • MIL-OSI: High Wire Networks Named to MSSP Alert’s 2024 List of Top 250 MSSPs

    Source: GlobeNewswire (MIL-OSI)

    BATAVIA, Ill., Oct. 22, 2024 (GLOBE NEWSWIRE) — High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity, announced it ranks among the Top 250 MSSPs (http://www.msspalert.com/top-250) for 2024, according to MSSP Alert, a CyberRisk Alliance resource.

    The Top 250 MSSPs for 2024 honorees were announced on October 15 at MSSP Alert Live. The 2024 MSSP Top 250 list reveal marks the first time the list has been unveiled at MSSP Alert’s annual live event. Honorees will also be celebrated at an evening party that coincides with MSSP Alert Live.

    The complete list is available at https://www.msspalert.com/top-250.

    MSSP Alert will release the full research report that goes with the MSSP 250 list on November 18. It will discuss the research results during a special webcast for which you may register for here: http://www.msspalert.com/webcast/top-250-mssps-for-2024

    High Wire Networks COO, Ed Vasko commented: “We are honored to be recognized for the fourth year in a row by MSSP Alert as a leading provider in the managed security service space. Our inclusion in the Top 100 is a testament to the hard work and dedication of our entire team in providing comprehensive, cutting-edge security solutions through our Overwatch managed security services ecosystem. By harnessing the full capabilities of our platform—from managed XDR to advanced edge protection—we effectively address the evolving needs of our partners and customers.”

    “MSSP Alert and CyberRisk Alliance congratulate High Wire on this honor,” said Jessica C. Davis, editorial director of MSSP Alert, a CyberRisk Alliance resource. “The Top 250 MSSPs are an elite group of cybersecurity service providers, and they continue to outperform the overall cybersecurity services market. Members of this list are the best of the best.”

    MSSP Alert’s Top 250 MSSPs list and research report are overseen by Jessica C. Davis, editorial director, MSSP Alert and ChannelE2E.

    Operating at the core of High Wire’s security operation center is Overwatch SOAR™, a proprietary security orchestration, automation and response (SOAR) technology.

    The unique AI embedded in Overwatch SOAR automatically consolidates alerts from various threat prevention and detection-and-response platforms and processes them with intelligence-based rules that provide enhanced visibility, improved correlation, and faster remediation.

    High Wire offers its Overwatch managed security services exclusively through a global network of managed service providers (MSPs) and managed security service providers totaling more than 200 worldwide.

    High Wire’s SOAR technology serves as an exponential force multiplier for its dedicated teams of professional security experts, empowering them to deliver the most secure and cost-effective cybersecurity solutions available on the market today.

    High Wire’s Overwatch offering addresses a global cybersecurity market that is projected to grow at a 14.3% CAGR to reach $563 billion by 2032.

    High Wire was also named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT managed service providers for 2023 and 2024. It also received top 15 ranking in the new Frost & Sullivan (F&S) report on the cybersecurity industry, Frost Radar™: Managed Security Services in Americas, 2024.

    Across a field of more than 200 competitors, Frost & Sullivan ranked High Wire among the Top 15 Managed Security Service Providers (MSSPs) that are delivering the greatest results in the categories of growth and innovation.

    Porter discusses the Frost & Sullivan’s 2024 Managed Security Services report in the company’s YouTube video here.

    About CyberRisk Alliance

    CyberRisk Alliance provides business intelligence that helps the cybersecurity ecosystem connect, share knowledge, accelerate careers, and make smarter and faster decisions. Through our trusted information brands, network of experts, and more than 250 innovative annual events we provide cybersecurity professionals with actionable insights and act as a powerful extension of cybersecurity marketing teams. Our brands include SCWorld, the Official Cybersecurity Summits, Security Weekly, InfoSec World, Identiverse, CyberRisk Collaborative, ChannelE2E, MSSP Alert, LaunchTech Communications and TECHEXPO Top Secret.
    Learn more at http://www.cyberriskalliance.com.

    About High Wire Networks
    High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End-customers include Fortune 500 companies and many of the nation’s largest government agencies. Its U.S. based 24/7 Network Operations Center and Security Operations Center is located in Chicago.

    Learn more at HighWireNetworks.com. Follow the company on X, view its extensive video series on YouTube or connect on LinkedIn.

    Forward-Looking Statements
    The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

    Frost Radar™ is a trademark of Frost & Sullivan, Inc.

    High Wire Contact
    Susanna Song
    Chief Marketing Officer
    High Wire Networks
    Tel +1 (952) 974-4000
    Email contact

    Investor & Media Relations:
    Ronald Both or Grant Stude
    CMA Investor & Media Relations
    Tel +1 (949) 432-7557
    Email contact

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e06438d4-c5cc-43ee-9398-d444067df2fc

    The MIL Network –

  • MIL-OSI: Vimeo to Report Q3 2024 Earnings and Host Earnings Video Event on November 4, 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Vimeo, Inc. (NASDAQ: VMEO) today announced the date for its third quarter 2024 earnings report and earnings video event. After the close of market trading on Monday, November 4, 2024, Vimeo will post its third quarter results on the Investor Relations section of its website at https://www.vimeo.com/investors. On Monday, November 4, 2024 at 5:00 p.m. ET, Vimeo will live stream a video conference to answer questions regarding its third quarter results. The live stream and replay of the video will be accessible to the public at https://www.vimeo.com/investors.

    About Vimeo

    Vimeo (NASDAQ: VMEO) is the world’s most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world’s largest companies – whose videos receive billions of views each month. Learn more at http://www.vimeo.com.

    The MIL Network –

  • MIL-OSI: Sky Quarry to Present at The ThinkEquity Conference on Wednesday, October 30, 2024

    Source: GlobeNewswire (MIL-OSI)

    WOODS CROSS, Utah, Oct. 22, 2024 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or the “Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, will attend The ThinkEquity Conference being held at the Mandarin Oriental Hotel in New York City on October 30, 2024.

    Sky Quarry Founder and Chief Executive Officer David Sealock will conduct in-person one-on-one meetings during the conference to discuss the Company’s recent successful Nasdaq listing and its ECOSolv technology that has the ability to recover both material and oil from the millions of tons of waste asphalt shingles that are dumped into landfills each year. Mr. Sealock will also be hosting a presentation during the event.

    The ThinkEquity Conference
    Date: October 30, 2024
    Location: Mandarin Oriental Hotel, New York City
    Presentation Time: Wednesday, October 30, 2024, at 12:30 pm ET/9:30 am PT in the Boardroom
    Speaker: Founder and CEO David Sealock
    Format: In-person 1×1’s and Presentations
    Conference Website: Click here

    For more information on the ThinkEquity Conference or to schedule a one-on-one meeting with Sky Quarry management, please contact your conference representative or you may also email your request to SKYQ@mzgroup.us or call Chris Tyson at (949) 491-8235.

    For more information about Sky Quarry, please visit skyquarry.com.

    About Sky Quarry Inc.

    Sky Quarry Inc. (NASDAQ: SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the offering statement filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    SKYQ@mzgroup.us
    http://www.mzgroup.us

    Company Website

    https://investor.skyquarry.com/

    The MIL Network –

  • MIL-OSI: Richtech Robotics to Present at the LD Micro Main Event XVII

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Oct. 22, 2024 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR), a Nevada-based provider of AI-driven service robots, announces today that Matt Casella, President of Richtech Robotics, will present a corporate overview at the LD Micro Main Event XVII. The conference is being held on October 28 – 30, 2024 at the Luxe Sunset Boulevard Hotel in Los Angeles.

    Event: LD Micro Main Event XVII
       
    Presentation Date: Tuesday, October 29, 2024
       
    Time: 4:30 PM Pacific Time
       
    Register to watch presentation: https://me24.sequireevents.com/
       

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at http://www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    For more information, please visit https://www.richtechrobotics.com/.

    Contact:

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media:
    Timothy Tanksley
    Marketing Director
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

  • MIL-OSI: Turbo Energy Teams with Connection Holdings to Introduce All-in-One, AI-Optimized SUNBOX Home Energy Storage System to U.S. Market

    Source: GlobeNewswire (MIL-OSI)

    VALENCIA, Spain, Oct. 22, 2024 (GLOBE NEWSWIRE) — Turbo Energy, S.A. (NASDAQ:TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced that the Company has partnered with Florida-based Connection Holdings, LLC (“CH”), the managing entity of brands operating in the performance marketing and lead generation sectors with focus on a broad range of industries, including the U.S. solar energy market. 

    Pursuant to the strategic advisory agreement entered into on October 18, 2024, CH will employ its organization’s award-winning market penetration capabilities and leverage its extensive nationwide network of leading U.S. solar installation companies to assist Turbo Energy in introducing and winning U.S. market share for the Company’s proprietary, all-in-one, Artificial Intelligence (“AI”)-optimized SUNBOX solar energy storage system designed specifically for residential application (“SUNBOX Home”).

    Turbo Energy Partners with Connection Holdings to Introduce SUNBOX Home to U.S. Market

    Mariano Soria, the Chief Executive Officer of Turbo Energy, stated, “With virtually thousands of SUNBOX Home installations spanning nine countries throughout Europe, we have been actively engaged over the past several months in progressing through extensive U.S. testing and certification processes to affirm that SUNBOX Home meets and exceeds American public and product safety standards for energy storage systems and equipment. We are very excited to be partnering with Connection Holdings to take the next pivotal step in our global expansion plan, introducing SUNBOX Home to the U.S. market in hopes that we will achieve meaningful market awareness and rapid adoption of what we believe is the industry’s most price-competitive, smart, all-in-one solar energy storage solution on the market today.”

    “We are very proud to have been chosen by Turbo Energy to lead the market launch of SUNBOX Home in the U.S.,” noted Edmond Pain, Managing Principal and Co-Founder of CH. “Considering that SUNBOX Home features scalable energy storage capacity that is up to four times greater than other leading residential energy storage systems available in the U.S., coupled with the fact that all components – inverter, batteries and AI-optimized software — are fully integrated in an innovative, all-in-one, elegantly designed system, we expect that market demand will be strong and immediate and grow exponentially in the coming years as sustainable solar energy storage solutions become a must-have for homeowners nationwide.”

    According to the Q3 2024 industry research report released by the Solar Energy Industries Association and Wood Mackenzie, homeowners and businesses are increasingly demanding solar systems that are paired with battery storage. California’s shift in net metering policy and state incentives for solar-plus-storage in other markets have driven attachment rates up in recent quarters. The report further states that by 2028, 28% of all new distributed solar capacity will be paired with storage, compared to under 12% in 2023.

    SUNBOX Home is a complete intelligent solar energy storage system powered by Turbo Energy’s patented AI algorithms and processes that allow homeowners to fully optimize the energy efficiency of their solar power panel installations. Moreover, the cloud-based Turbo Energy mobile app gives SUNBOX Home users total control over the storage system, including determining best times of day when to use the surplus energy stored, as well as providing complete real-time visibility into battery status, energy production, actual power usage and monthly cost savings. In addition, the app provides data-driven insight into weather and electricity price forecasts, among other vital metrics.  

    Turbo Energy’s  U.S. market launch will be led by a multi-month beta test, whereby Connection Holdings will coordinate the deployment of several SUNBOX Home system installations in residences located in key, high growth markets across the nation.  Following the conclusion of the beta test and analysis of collected data and feedback from installers and homeowners, Connection Holdings is tasked with implementing a national marketing campaign designed to ramp sales of SUNBOX Home and help to define and refine, as necessary, the U.S.-based infrastructure needed to support anticipated market demand in the months and years to come.

    About Connection Holdings, LLC

    Connection Holdings has built and consolidated a portfolio of U.S. companies which are trusted to provide award-winning performance marketing and comprehensive data analytic services to the nation’s leading solar, roofing, home improvement, consumer financial and health insurance companies. Its brands, which have collectively generated nearly $500 million in sales for its valued customers, include Solar Direct Marketing, Connecting the Dots, Home Direct Marketing, Senior Direct Marketing, Encompass Leads, Debt Direct Marketing, Vested Exchange and Blockhub. In 2021, 2022 and 2023, Solar Direct Marketing earned distinction as one of Inc. Magazine’s fastest growing, privately held companies in the country. Connecting the Dots was also named to Inc.’s top 500 fastest growing companies in 2022; and in 2023 and 2024 was nominated as the premiere Data Provider of the Year at the prestigious Affy Awards. For more information, please visit http://www.connectionholdings.com.  

    About Turbo Energy, S.A.

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

    For more information, please visit http://www.turbo-e.com.

    Forward-Looking Statements

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

    For more information, please contact:

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

    At Connection Holdings, LLC
    David Stodolak, Chief Executive Officer
    Phone: 919-802-1555
    Email: david@solardirectmarketing.com

    Attachment

    The MIL Network –

  • MIL-OSI Video: Bring on the Challenge! | U.S. Army

    Source: US Army (video statements)

    About the U.S. Army:

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

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

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

    https://www.youtube.com/watch?v=c-A1If-ia28

    MIL OSI Video –

  • MIL-OSI: Houston Natural Resources Reports Q3 2024 Financials Period Ending September 30, 2024

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 22, 2024 (GLOBE NEWSWIRE) — Houston Natural Resources Corp. (OTC: HNRC) (“the Company”) reported today Q3 2024 results, concluding on September 30, 2024, as compared to Q3 2023 ending on September 30, 2023.

    Key Highlights for Nine Months Results: Q3 2024 Ending September 30, 2024 vs Q3 2023 Ending September 30, 2023

    • Total revenue was $13,094,326 for nine months in 2024, compared to $15,241,815 for nine months in 2023.
    • Total earnings for nine months in 2024 amounted to $8,764,980, compared to $8,871,912 for nine months in 2023.
    • Earnings per share (EPS) for nine months in 2024 was $0.02, compared to $0.02 for nine months in 2023.

    The company achieved a net asset value (NAV) of $0.20c per share in Q3 2024.

    Additionally, the company reported successful milestones including:

    Acquisition of Cunningham Energy, LLC:

    • Achieved 100% ownership of Cunningham Energy, LLC.
    • An independent engineering firm assessed the Oil & Gas Assets of Cunningham Energy, determining an appraised value of $352 million as of December 31st, 2022, based on a 68 well drilling program.
    • The appraised value translates to approximately $1.00 per share as of September 30, 2024.

    Corporate Changes:

    • Filed with FINRA for a comprehensive review leading to a change in name and symbol, to Cunningham Natural Resources Corp.
    • Corporate changes are expected to be completed in the fourth quarter.

    Mining Interest Acquisition:

    • Completed the acquisition of a 9% interest in Cunningham Mining Ltd that owns the Placer Claims known as the ‘Nugget Trap Placer Mine’ in the British Columbia Mineral Title registry with initial reserves valued at over $500 million.
    • Cunningham Mining Ltd announced a Nugget Trap Token Offering for 100M Units at $0.60 USD to focus on tokenizing the Mining Industry. (https://bit.ly/3Yq3kZU).
    • The company expects a liquidity event in the fourth quarter from its Cunningham Mining Ltd investment to be passed on to its shareholders.

    Spin-Off of Worldwide Diversified Holdings, Inc. (WDHI):

    • Successfully executed the corporate action to Spin-Off WDHI assets.
    • The trading of WDHI shares is pending completion of its listing.

    Financial Performance and Strategic Outlook:

    • Continued receipt of advisory fees for assets under management.
    • Actively evaluating potential acquisitions in the energy and energy services industry to enhance shareholder value.

    About Houston Natural Resources Corp

    Houston Natural Resources Corp. (OTC: HNRC) (http://www.hnrcholdings.com) stands as a versatile energy enterprise with stakes in both oil and gas. Notably, the company has successfully obtained full ownership, a 100% interest, in Cunningham Energy LLC, boasting appraised reserves totaling $352 million. Additionally, Houston Natural Resources Corp. holds minority investments in Rhino Energy Ltd, CE Energy Sponsors, LLC, and HNR Acquisition Corp. Demonstrating a commitment to growth, the company remains proactive in its pursuit of new opportunities within the energy and energy transitions sectors, all with the overarching goal of delivering enhanced value to its shareholders.

    FORWARD-LOOKING STATEMENTS:

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.

    Contact:

    Houston Natural Resources Corp
    12 Greenway Plaza, Suite 1100
    Houston, Texas 77046
    Phone: (713) 425-4901
    E-mail: frank@hnrcholdings.com
    Website: http://www.hnrcholdings.com
    Twitter: https://twitter.com/CunninghamCorp

    The MIL Network –

  • MIL-OSI Economics: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Konark Urban Co-operative Bank Ltd., Ulhasnagar – Extension of period

    Source: Reserve Bank of India

    The Reserve Bank of India, vide directive No.CO.DOS.SED.No.S592/45-11-001/2024-25 dated April 23, 2024, had placed The Konark Urban Co-operative Bank Ltd., Ulhasnagar under Directions from the close of business on April 23, 2024 for a period of six months.

    2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till close of business on January 23, 2025 as per the directive DOR.MON/D-62/12.22.805/2024-25 dated October 17, 2024, subject to review.

    3. All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated October 17, 2024, notifying the above extension is displayed at the bank’s premises for the perusal of public.

    4. The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1354

    MIL OSI Economics –

  • MIL-OSI: Siili Solutions Plc Financial calendar and annual general meeting 2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc Financial calendar and annual general meeting 2025

    Siili Solutions Plc Stock Exchange Release 22 October 2024 at 15:15 EEST

    Siili Solutions Plc publishes its financial reports in 2025 as follows:

    • Financial statement bulletin for 2024 on 13 February 2025
    • Annual report 2024, including a sustainability report in accordance with CSRD, on week 11
    • Business review for January-March 2025 on 22 April 2025
    • Half-yearly report for January-June 2025 on 12 August 2025
    • Business review for January-September 2025 on 21 October 2025

    Financial statement bulletin 2024 and half-yearly report for 2025 will be published on or about 9:00 am. Business reviews will be published on the abovementioned days on or about 10:00 am at the latest.

    The annual general meeting of Siili Solutions Plc is planned to be held on 8 April 2025 in Helsinki, Finland. 

    Distribution:
    Nasdaq Helsinki Ltd
    Main media
    http://www.siili.com/en  

    For further information:
    Taru Kovanen, General Counsel
    Phone: +358 (0)40 4176221, email: taru.kovanen(at)siili.com

    Siili Solutions in brief:
    Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. http://www.siili.com/en

    The MIL Network –

  • MIL-OSI: TRESU Investment Holding A/S – Annual General Meeting 2024

    Source: GlobeNewswire (MIL-OSI)

    Tresu Investment Holding A/S – Annual General Meeting 2024

    TRESU INVESTMENT HOLDING A/S

    ANNOUNCEMENT NO. 12.2024
    22.10.2024

    On 18 March 2024, the annual general meeting 2024 of Tresu Investment Holding A/S was held, where the following decisions were made:

    • The audited annual report for 2023 was adopted.
    • In accordance with the proposal by the Board of Directors, the loss as recorded in the annual report was appropriated.
    • Jean-Marc Denis Lechene, Søren Dan Johansen, Ola Harald Erici and Stephan Hubert Plenz were re-elected as members of the Board of Directors.
    • PriceWaterhouseCoopers Statsautoriseret Revisionspartnerselskab was re-elected as auditor of the company.
    • The Board of Directors and the Executive Board were discharged from liability.

    The general meeting had specifically waived the requirement for notice and presentation of documents under the Danish Companies Act and the Articles of Association. 

    This announcement is made public as per agreement with Nasdaq Copenhagen A/S.

    For further details, please contact
    CFO, Torben Børsting, phone: + 45 5130 2780

    The MIL Network –

  • MIL-OSI: TRESU Investment Holding A/S – adjustment to full year 2024 guidance

    Source: GlobeNewswire (MIL-OSI)

    TRESU INVESTMENT HOLDING A/S
    ANNOUNCEMENT NO. 11.2024
    22.10.2024

    TRESU Investment Holding A/S – adjustment to full year 2024 guidance

    TRESU Investment Holding A/S today announces an adjustment to full year guidance for 2024 mainly driven by a temporary market slowdown impacting both our Systems and Machine & Units segments.

    We have experienced a temporary slowdown in market activities in our System business segment mainly driven by a slowdown in Packaging and lower demands in Corrugated. We expect to return to growth at the beginning of 2025.

    In addition, we have seen postponed customers’ investment decisions in the Machines & Unit segment, expected to be taken now in the first half of 2025.

    The Customer Care business is expected to grow further and will be close to the plan level.

    Implemented operational initiatives are showing good results and have improved underlying margins.

    As a result, we are adjusting our expectations for full-year 2024 organic revenue growth to be -15 to -10% (previously: 0 to 5%) and the adjusted EBITDA margin to be 0 to 2% (previously: 4 to 6%) as an effect of lower sales.

    Stephan Plenz
    CEO, TRESU

    For further details, please contact:
    CEO, Stephan Plenz, phone: +45 2194 5480
    CFO, Torben Børsting, phone: +45 5130 2780

    The MIL Network –

  • MIL-OSI: UP Fintech Announces Proposed Follow-on Public Offering of American Depositary Shares

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 22, 2024 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that it intends to offer and sell 15,000,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, subject to market and other conditions, in an underwritten public offering. The underwriters have an option to purchase up to an aggregate of 2,250,000 additional ADSs from the Company at the public offering price, less underwriting discounts and commissions, exercisable within 20 days from the date of the prospectus supplement.

    The Company expects to use the net proceeds from the proposed ADS offering for strengthening the Company’s capital base and furthering the Company’s business development initiatives.

    Deutsche Bank AG, Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited and US Tiger Securities, Inc. will act as the joint bookrunners for the proposed ADS offering.

    The proposed ADS offering will be made pursuant to an automatic shelf registration statement on Form F-3 filed with the United States Securities and Exchange Commission (the “SEC”) and is available on the SEC’s website at http://www.sec.gov. A preliminary prospectus supplement and an accompanying prospectus related to the proposed ADS offering have been filed with the SEC and are available on the SEC’s website at http://www.sec.gov. The final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at: http://www.sec.gov. When available, copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Deutsche Bank AG, Hong Kong Branch, Level 60, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong; China International Capital Corporation Hong Kong Securities Limited 29/F, one International Finance Centre, 1 Harbour View Street, Central, Hong Kong; or, US Tiger Securities, Inc., 437 Madison Avenue, 27th Floor, New York, NY 10022, United States of America.

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

    About UP Fintech Holding Limited

    UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

    For more information on the Company, please visit: https://ir.itigerup.com.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 22, 2024. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

    For investor and media inquiries please contact:

    Investor Relations Contact
    UP Fintech Holding Limited
    Email: ir@itiger.com

    The MIL Network –

  • MIL-OSI: Melissa’s Cloud-Based DataGen API Provides On-Demand Access to Comprehensive Address, Consumer, and Business Data

    Source: GlobeNewswire (MIL-OSI)

    RANCHO SANTA MARGARITA, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) — Complete, accurate data is key to building and maintaining a business, but comprehensive customer and prospect data is imperative to gaining and holding a competitive edge. To help companies achieve this, Melissa has launched its Restful Service DataGen API, the most flexible, third-party data resource available for on-demand address, resident, consumer, property, and business data. When integrated with in-house data, this rich resource can considerably improve business analytics and deepen insights.

    “DataGen addresses the data inaccuracies that can plague an organization, challenging its ability to make timely and accurate decisions,” said Daniel Kha Le, Chief Data Officer, Melissa. “It’s a robust Restful Service API, providing seamless, real-time access to comprehensive demographic, firmographic, location intelligence, and property information that can be used to maximize the value of a company’s existing customer data.”

    Integrated as a single API, DataGen offers address details from 240+ countries and territories. Companies can quickly develop consumer profiles featuring a range of demographic attributes, including residential information such as length of residence, age ranges, new homeownership, or new movers. In-depth property details include data such as absentee ownership, mortgage data, and foreclosures. Similar data is available on businesses and business contacts.

    DataGen provides users with counts, sample records, and comprehensive datasets. Once a user sets their preferred parameters, they can stream and access a list of contacts, addresses, businesses, or other data in real time. Users are in control of data received, using filters such as city and state, ZIP codes, polygons, or neighborhoods. Once record counts are established, users can further filter without having to pay for data that is not needed. Sample data is returned so results can be previewed; once purchased, data is streamed as a paginated result in JSON format.

    Click here to access an on-demand webinar demonstrating how Melissa’s Restful Service DataGen API provides access to high-quality third-party data useful for advanced data modeling, target marketing, and customer personalization using SQL Server or other RDBMS technologies. Click here for more information or to request a license key to access DataGen, or contact sales@melissa.com.

    About Melissa
    Since 1985, Melissa has specialized in global intelligence solutions to help organizations unlock accurate data for a more compelling customer view. More than 10,000 clients worldwide in arenas such as retail, education, healthcare, insurance, finance, and government rely on Melissa for full spectrum data quality and ID verification software, including data matching, validation, and enhancement services to gain critical insight and drive meaningful customer relationships. For more information or free product trials, visit http://www.Melissa.com or call 1-800-MELISSA (635-4772).

    Media contacts
    Greg Brown
    Vice President, Global Marketing, Melissa
    greg.brown@Melissa.com
    +1-800-635-4772 x1130

    MPoweredPR for Melissa
    pr@mpoweredpr.com
    +1-877-794-6777

    The MIL Network –

  • MIL-OSI: RTI Joins the Common Vulnerabilities and Exposures (CVE®) Program as a CVE Numbering Authority (CNA)

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) — Real-Time Innovations (RTI), the infrastructure software company for smart-world systems, has become the first DDS vendor to be named as a CNA by the CVE® Program. This designation showcases RTI’s commitment to system integrity by identifying vulnerabilities early, offering enhanced protection for customers. RTI will continue to adopt best cybersecurity practices which includes a secure coding standard, static and dynamic analysis tools, and extended endurance testing to improve systems across industries such as defense, medical, and automotive.

    RTI Connext®, based on the Data Distribution Service (DDS™) standard, is the trusted industry solution that delivers reliability, security, and real-time performance essential for highly distributed autonomous systems. As a CNA, RTI has established a vulnerability management and notification process to monitor and notify customers of any known vulnerabilities that may affect systems using RTI software. The goal is to ensure that Connext users receive the information needed to properly assess their impact, through well established mechanisms, and that solutions are provided in a timely manner.

    “By enhancing our visibility and control over the CVE publication process, we reaffirm our commitment to delivering top-notch cybersecurity for our customers,” said David Barnett, VP of Products and Markets at RTI. “This initiative will streamline our disclosure process, making it easier for users to access crucial information about vulnerabilities through a trusted, recognized platform. Our priority is ensuring the security of our customers’ systems, and we are committed to providing the best solutions to protect them against evolving threats.”

    CVE is an international initiative that relies on the community to identify and catalog publicly disclosed cybersecurity vulnerabilities. Once discovered, vulnerabilities are assigned and published in the CVE List. CNAs are organizations responsible for the regular assignment of CVE IDs to vulnerabilities, and for creating and publishing information about the risk in the associated CVE Record.

    Securing autonomous and intelligent systems requires constant and careful architecting of the entire framework. RTI enables customers to design robust, reliable systems that safeguard without sacrificing real-time performance. Whether it is a large application running on powerful hardware or an embedded application running on a resource-constrained device, RTI has the industry-leading security solutions for intelligent distributed systems.

    For more information about RTI’s approach to vulnerability detection and management, please visit the policy page. To learn more about RTI’s security offerings, please visit our website.

    About RTI
    Real-Time Innovations (RTI) is the infrastructure software company for smart-world systems. RTI Connext® is the world’s leading software framework for intelligent distributed systems. Uniquely, Connext users can build systems that combine advanced sensing, fast control, and AI algorithms.

    With 2,000 customer designs, RTI excels at getting customers to production. RTI software runs over 250 autonomous vehicle programs, supports dozens of automotive ADAS and software-defined architectures, controls the largest power plants in North America, integrates over 400 major defense programs, drives a new generation of MedTech systems and robotics, and underlies Canada’s air traffic control and NASA’s launch control systems.

    RTI runs a smarter world.

    RTI is the market leader in products compliant with the Data Distribution Service (DDS™) standard. RTI is privately held and headquartered in Silicon Valley with regional offices in Colorado, Spain, and Singapore.

    Download a free trial of the latest, fully-functional Connext software today: http://www.rti.com/downloads

    The MIL Network –

  • MIL-OSI: Cayson Acquisition Corp Announces Separate Trading of its Ordinary Shares and Rights

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Cayson Acquisition Corp (NASDAQ:CAPNU) (the “Company”) announced today that, commencing on or about October 24, 2024, holders of its units sold in the Company’s initial public offering may elect to separately trade the Company’s ordinary shares and rights included in the units. The ordinary shares and rights that are separated will trade on the Nasdaq Global Market (“Nasdaq”) under the symbols “CAPN” and “CAPNR,” respectively. No fractional rights will be issued upon separation of the units and only whole rights will trade. Those units not separated will continue to trade on Nasdaq under the symbol “CAPNU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into ordinary shares and rights.

    The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus its search for a target business on entities located throughout Asia but will not be limited to a particular industry or geographic location. The Company is led by its Chairman of the Board and Chief Executive Officer, Yawei Cao.

    FORWARD-LOOKING STATEMENTS 

    This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s final prospectus relating to the Company’s initial public offering filed with the SEC on September 20, 2024. Copies are available on the SEC’s website, http://www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:

    Taylor Zhang
    taylorzhang@caysonspac.com 

    The MIL Network –

  • MIL-OSI: CrewAI Launches Multi-Agentic Platform to Deliver on the Promise of Generative AI for Enterprise

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO and SÃO PAULO, Oct. 22, 2024 (GLOBE NEWSWIRE) — CrewAI, a leading multi-agent platform, today announced $18 million in total funding that included an inception round led by boldstart ventures and a Series A led by global software investor Insight Partners. Additional investors include Blitzscaling Ventures, Craft Ventures, Earl Grey Capital, and several top angels in AI including Andrew Ng, a globally recognized voice in AI, and Dharmesh Shah, co-founder and CTO of HubSpot. 

    CrewAI’s open-source offering executes 10 million+ agents per month and is already used by nearly half of the Fortune 500. Building on the success of its open-source framework and in response to user demand, the company also launched CrewAI Enterprise, making it easier than ever for large organizations to quickly build, monitor, and iterate on complex AI agents with high-quality results. The company signed its first 150 beta enterprise customers in less than six months.

    More than 65% of companies are now using generative AI but almost all of them still express significant concerns about results accuracy and data security. These challenges are holding back the full potential of large language models (LLMs) for the enterprise. This is especially true for the automation of complex tasks in areas like marketing, accounting, and finance. Companies have not been able to use robotic process automation (RPA) for these use cases due to its rigid, deterministic approach, high implementation costs, brittleness, and inability to self-heal. 

    Developers in more than 150 countries are now using CrewAI to automate work processes and build AI-agent native features and applications. CrewAI is helping companies realize the enormous potential of LLMs by enabling AI agents to perform complex tasks that leverage LLMs in simple and complex workflows. CrewAI offers a range of advanced new features including self-iteration, performance evaluation, persistent memory, and a wide range of new agent collaboration structures.

    Enterprises are moving fast to adopt agents that deliver results
    The AI agent market is projected to grow explosively from $5 billion this year to nearly $50 billion by 2030. According to a recent Capgemini survey, 10% of large enterprise organizations already use AI agents, more than half plan to use them in the next year, and 82% will integrate them within the next three years. 

    “Agents are the key to unlocking AI’s potential and will completely redesign the way companies deliver products. RPA and LLMs alone can’t get you there. Savvy organizations around the world are already deploying multi-agentic applications to help run an entire business while moving fast,” said João Moura, founder and CEO of CrewAI. “We are seeing impact firsthand; in less than one year of launching CrewAI, we signed our first 150 beta enterprise customers. We are seeing 100,000 groups of multi-agent executions per day across hundreds of different use cases. We have made it easy for teams to build groups of AI agents to perform tasks using any LLM, integrate with more than a thousand different applications, and to do so in a way that protects their data privacy.”

    CrewAI Enterprise for deploying fast complex AI workloads that drive business value
    After a successful private beta, CrewAI is now launching its Enterprise Cloud offering, a universal platform that allows organizations to enable their teams to build crews of AI agents using any LLM or cloud platform – tailored to their unique, complex workloads – to achieve high-quality results. Built on top of CrewAI’s popular open-source framework, CrewAI Enterprise enables fast iterations by also offering templates, access to extensive VIP support, and built-in security. CrewAI Enterprise enables organizations to:

    • Plan & Build: Use either CrewAI’s framework or Crew Studio to easily build even the most complex multi-agents systems.
    • Deploy & Monitor: Bring these multi-agents automations into a production environment in a secure way with proper levels of access and control.
    • Assess & Iterate: Track ROI by using testing and training tools to constantly improve the efficiency and results quality – ensuring a fast track to value.

    The new CrewAI Enterprise platform enables teams of all sizes to build, deploy, and iterate multi-agent “crews.” These AI agent crews can be used to automate work processes and power new AI-agent native features and applications. During the beta, CrewAI saw companies build crews for hundreds of different use cases.

    For a deeper dive into how agents are working in the enterprise, join CrewAI for AI Agents Week at https://week.crewai.com/.

    Supporting Quotes
    “The widespread adoption of LLMs in the enterprise is creating an enormous opportunity for new revenue streams and cost reduction. The catalyst for this will be AI multi-agent platforms. CrewAI is one of the early leaders in this exciting space and Insight Partners is thrilled to be an investor. Joao has a big vision for what CrewAI can do and we are enjoying helping him and the team achieve that vision.”
    Praveen Akkiraju, managing director at Insight Partners 

    “CrewAI makes it easy and fast to develop both simple and complex multi-agent AI workflows. Its powerful orchestration features for enterprises—including memory and self-healing—help businesses go well beyond traditional automation. As a CrewAI user myself, I’m thrilled to be able to support João’s vision with an investment!”
    Andrew Ng, co-founder of Coursera and Stanford professor

    Supporting Resources

    About CrewAI
    CrewAI is the leading AI multi-agent platform. Built to fully leverage LLM’s reasoning capabilities and allow agents to work together, CrewAI’s open-source framework and enterprise platform powers more than 10 million agents monthly and 150 customers. With CrewAI, organizations can easily deploy and manage AI agents to automate complex tasks with a fast speed to value across a wide range of use cases, from research and analysis to coding and reporting. For more information, visit https://www.crewai.com/.

    The MIL Network –

  • MIL-OSI: Huntress Recognized as Inc. 2024 Power Partner for Empowering Small and Mid-Sized Businesses with Cutting-Edge Cybersecurity Protection

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., Oct. 22, 2024 (GLOBE NEWSWIRE) — Huntress has been named an Inc. Magazine 2024 Power Partner for the second consecutive year and recognized for its commitment to protecting small to mid-sized businesses (SMBs) and the managed service providers (MSPs) that support them.

    Each year, Inc. Magazine scours thousands of entries to create its annual list of high-caliber companies devoted to providing entrepreneurs with the tools and resources they need to start, run, and grow their businesses. Huntress earned this recognition for its unwavering dedication to securing the SMB community with its leading managed cybersecurity platform and an elite team of human threat analysts at a price that just makes sense.

    “At Huntress, we design our solutions with one goal in mind: to break the barriers to enterprise-grade security so SMBs and their MSP allies can defend themselves against the relentless wave of increasingly aggressive cyberattacks. Despite not having the massive IT budgets of larger enterprises, SMBs deserve enterprise-grade protection through their MSP partners. That’s why Huntress exists and why we will always have their backs,” said Jason Marshall, Chief Marketing Officer for Huntress.

    Huntress delivers a best-in-class managed security platform that includes award-winning endpoint detection and response (EDR), identity threat detection and response (ITDR), security awareness training (SAT), and a new managed SIEM. The company exists to level up SMB defenses, increase their cybersecurity knowledge, and protect their livelihoods.

    Resources
    Read the blog about why Huntress is thrilled about making it to the Inc. Power Partner list again.

    About Huntress
    Huntress is a leading cybersecurity company focused on protecting and empowering small businesses to mid-sized enterprises. Combining the power of the Huntress Managed Security Platform with a human-led 24/7 Security Operations Center (SOC), Huntress provides the top-rated technology, services, education, and expertise needed to help companies overcome cybersecurity challenges and protect critical business assets. For more information about Huntress, visit http://www.huntress.com and follow us on Twitter, Instagram, Facebook and LinkedIn.

    Contacts:
    Valerie Baccei
    press@huntresslabs.com
    +1 (650) 400-7833

    The MIL Network –

  • MIL-OSI: Abacus Life Provides Preliminary Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    – Expects Total Revenue Between $26.0 and $28.0 Million; Grows 23-33% Year-over-Year –

    – Expects GAAP Net Income / (Loss) Between ($6.0) and ($6.75) Million Due to Non-Cash Increase in Warrant Liability of Between $8.0 and $9.0 Million –

    – Expects Adjusted EBITDA Between $14.0 and $16.0 Million; Grows 30-48% Year-over-Year –

    – Third Quarter 2024 Earnings Release and Conference Call to be Held Thursday, November 7, 2024 –

    ORLANDO, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) — Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced preliminary unaudited financial results for the third quarter ended September 30, 2024.

    Preliminary Financial Results – Third Quarter 2024

    Based upon management’s current expectations, the Company anticipates Total Revenue, Net Income, and Adjusted EBITDA, for the third quarter as follows:

      3Q24
    Total Revenue Between $26.0 and $28.0 million
    GAAP Net Income / (Loss) Between ($6.0) and ($6.75) million
    Adjusted EBITDA Between $14.0 and $16.0 million

    “We are pleased to report another strong performance across our business, continuing to underscore the clear differentiation of our business model,” said Jay Jackson, Chief Executive Officer of Abacus. “During the quarter, we announced key acquisitions of Carlisle Management Company SCA and FCF Advisors. We are excited to welcome them to the Abacus family. In addition, we further strengthened our management team, welcoming Corey McLaren as Managing Director of Capital Markets and Robert F. Phillips as our new Senior Vice President of Investor Relations and Corporate Affairs. We also partnered with Lorisco to launch PREADISAN™, a revolutionary health prediction and actuarial technology tool, which is enabling us to offer unprecedented personalization in longevity forecasting, as well as highly tailored financial solutions for our clients. We remain committed to executing on our long-term growth initiatives and delivering value to our shareholders.”

    Earnings Release and Conference Call

    As previously noted, Abacus Life, Inc. will release its third quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Management will hold a conference call to discuss the financial results at 5:00 pm Eastern Time on November 7, 2024. A live webcast of the conference call will be available on Abacus’ investor relations website at ir.abacuslife.com. The dial-in number for the conference call is (800) 267-6316 (toll-free) or (203) 518-9783 (international). Please dial the number 10 minutes prior to the scheduled start time.

    Preliminary Information

    The unaudited financial and operational information presented in this press release is preliminary and may change. Abacus’ financial closing procedures with respect to the estimated financial information provided in this press release are not yet complete, and as a result, the Company’s final results may vary materially from the preliminary results included in this press release. Abacus undertakes no obligation to update or supplement the information provided in this press release until the Company releases its financial statements for the three months ended September 30, 2024. The preliminary financial information included in this press release reflects the Company’s current estimates based on information available as of the date of this press release and has been prepared by Company management. This preliminary financial and operational information should not be viewed as a substitute for full financial statements prepared in accordance with GAAP and is not necessarily indicative of the results to be achieved for any future periods. This preliminary financial information could be impacted by the effects of financial closing procedures, final adjustments, and other developments.

    Non-GAAP Financial Information

    Adjusted EBITDA, a non-GAAP measure, is defined as net income (loss) attributable to Abacus adjusted for depreciation expense, amortization, interest expense, income tax and other non-cash and certain non-recurring items that in our judgement significantly impact the period-over-period assessment of performance and operating results that do not directly relate to business performance within Abacus’ control. A reconciliation of Adjusted EBITDA to Net income attributable to Abacus Life, the most directly comparable GAAP measure, appears below.

    Forward-Looking Statements

    All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding: Abacus’s financial and operational outlook; Abacus’s operational and financial strategies, including planned growth initiatives and the benefits thereof, Abacus’s ability to successfully effect those strategies, and the expected results therefrom. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “expect,” ‎‎”intend,” “anticipate,” “goals,” “prospects,” “will,” “would,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).

    While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the ‎fact that Abacus’s loss reserves are bases on estimates and may be inadequate to cover ‎its actual losses; the failure to properly price Abacus’s insurance policies; the ‎geographic concentration of Abacus’s business; the cyclical nature of Abacus’s industry; the ‎impact of regulation on Abacus’s business; the effects of competition on Abacus’s business; the failure of ‎Abacus’s relationships with independent agencies; the failure to meet Abacus’s investment ‎objectives; the inability to raise capital on favorable terms or at all; the ‎effects of acts of terrorism; and the effectiveness of Abacus’s control environment, including the identification of control deficiencies.

    These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with ‎the U.S. Securities and Exchange Commission from time to time, including the Annual ‎Report on Form 10-K and Quarterly Reports on Form 10-Q and subsequent ‎periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance on the ‎forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations.

    About Abacus

    Abacus is a leading global alternative asset manager and market maker, specializing in use of advanced longevity and actuarial technology to purchase life insurance policies from consumers seeking liquidity while creating a high-returning asset class of insurance products, uncorrelated to market fluctuations, for institutional investors.

    With nearly $3 billion in assets under management, including pending acquisitions, Abacus is the only publicly traded global alternative asset manager focused on lifespan-based financial products traded on the Nasdaq exchange.

    Abacus has invested in two new verticals: ABL Wealth, which provides longevity-based wealth management services and investment offerings, and ABL Tech, which offers ground-breaking technology services for pension funds, governments, insurance companies, retirement associations and more that provides advanced real-time data tracking and analysis. With each new channel, we are revolutionizing the future of life insurance.

    http://www.Abacuslife.com

    Contacts:

    Investor Relations

    Robert Phillips – SVP Investor Relations
    rob@abacuslife.com
    (321) 290-1198

    David Jackson – IR/Capital Markets Associate
    djackson@abacuslife.com
    (321) 299-0716

    Abacus Life Public Relations
    press@abacuslife.com

    ABACUS LIFE, INC. Adjusted EBITDA

           
      Three Months Ended   Three Months Ended
      September 30, 2024   September 30, 2023
               
      Low   High   Actual
    GAAP Net income / (Loss) attributable to Abacus Life, Inc. $ (6,750,000 )   $ (6,000,000 )   $ 1,050,972  
               
    GAAP Net income / (Loss)   (6,750,000 )     (6,000,000 )     1,050,972  
    Depreciation and amortization expense   1,675,000       1,750,000       1,694,853  
    Income tax (benefit)   (550,000 )     (400,000 )     1,710,315  
    Stock-compensation   6,300,000       6,500,000       4,583,632  
    Due Diligence related to acquisitions   1,725,000       2,000,000       –  
    Other (expense)   –       25,000       (20,087 )
    Interest expense   3,900,000       4,125,000       2,679,237  
    Interest income   (600,000 )     (650,000 )     (63,826 )
    (Gain) Loss on change in fair value of debt   –       150,000       (2,088,797 )
    Change in fair value of warrant liability   8,750,000       8,900,000       943,400  
    Realized & Unrealized (gain) on investments   (450,000 )     (400,000 )     306,800  
    Adjusted EBITDA $ 14,000,000     $ 16,000,000     $ 10,796,499  
               

    The MIL Network –

  • MIL-OSI: Onfolio Holdings Inc. Acquires Eastern Standard Business

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., Oct. 22, 2024 (GLOBE NEWSWIRE) — Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the “Company” or “Onfolio”), a company that acquires and manages a diversified portfolio of online businesses, today announced that it has successfully completed the previously disclosed transaction to acquire the majority interest in the assets of Eastern Standard, LLC.

    Eastern Standard provides clients with digital marketing services including integrated branding, and digital customer experiences. Their past client roster includes Neil de Grass Tyson, and Cornell Law, among others.

    For the fiscal year ended 12/31/2023, Eastern Standard generated approximately $4,000,000 in revenue and $630,000 in unaudited adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”).

    Onfolio purchased 70% of Eastern Standard for a total of $1,660,000, through the issuance of $410,000 of Series A Preferred Shares and two secured promissory notes totaling $1,250,000. The acquisition was completed without Onfolio Holdings paying any upfront cash or issuing any common shares, and the Series A Preferred Shares and secured promissory notes issued by Onfolio are not convertible into Onfolio common shares.

    Onfolio’s Special Purpose Vehicles “Onfolio Agency SPV LLC” and “Onfolio Agency SPV 2, LLC,” paid a combined $500,000 for a 20% interest in the Eastern Standard business.

    “We continue to maintain an active pipeline of profitable companies we can acquire and expect that our Special Purpose Vehicle model, along with our non-convertible Series A Preferred Shares, will continue to play an important part of our future acquisitions,” commented Onfolio CEO Dominic Wells.

    A Form 8-K relating to the Eastern Standard  transaction was filed with the Securities and Exchange Commission on October 22, 2024 and is available on the SEC’s website at http://www.sec.gov.

    About Eastern Standard

    Eastern Standard, a Philadelphia-based combined web and branding agency since 2014, was created to help clients navigate the creation of integrated branding and digital customer experiences. Using a data-first approach, Eastern Standard blends strategy, creativity, and technology to drive end-to-end brand and digital transformation. Visit http://www.EasternStandard.com to learn more.

    About Onfolio Holdings

    Onfolio acquires and manages a diversified portfolio of online businesses. Onfolio acquires business that meet its investment criteria, being that such businesses operate in sectors with long-term growth opportunities, have positive and stable cash flows, face minimal threats of technological or competitive obsolescence and can be managed by our existing team or have strong management teams largely in place. The Company excels at finding acquisition opportunities where the seller has not fully optimized their business, and Onfolio’s experience and skillset allows it to add increased value to these existing businesses. Visit www.onfolio.com for more information.

    Safe Harbor Statement

    The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “projects,” “intends,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us under the caption “Risk Factors” included in our SEC filings and other risks to which our Company is subject, and various other factors beyond the Company’s control.

    Investor Contact

    investors@onfolio.com

    The MIL Network –

  • MIL-OSI: Nukkleus Announces Reverse Stock Split Shares Will Begin Trading on a Split-Adjusted Basis on October 24, 2024

    Source: GlobeNewswire (MIL-OSI)

    Jersey City, New Jersey, Oct. 22, 2024 (GLOBE NEWSWIRE) — Nukkleus, Inc. (NASDAQ: NUKK), a FinTech and financial services company, today announced that it will effect a 1-for-8 reverse split of the issued shares of its common stock, effective at 12:01 a.m. Eastern Time on October 24, 2024. The Company’s common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on Thursday, October 24, 2024. Following the reverse stock split, the Company’s common stock will continue to trade on The Nasdaq Global Market under the symbol “NUKK” with the new CUSIP number 67054R203.

    Nukkleus is implementing the reverse stock split with the objective of regaining compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market. The Company has until November 4, 2024 to demonstrate compliance with this requirement. To demonstrate compliance, the closing bid price of Nukkleus’ common stock must be at least $1.00 per share for a minimum of ten consecutive business days. The Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the reverse stock split.

    As a result of the reverse stock split, every eight (8) shares of the Company’s common stock issued and outstanding or held by the Company in treasury stock will automatically be combined and reclassified into one share of common stock. No fractional shares will be issued as a result of the reverse stock split. Stockholders who would otherwise be entitled to receive a fractional share will receive an additional fraction of a share of common stock to round up to the next whole share. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder’s percentage ownership interest or any stockholder’s proportionate voting power, except for immaterial adjustments that may result from the treatment of fractional shares. There will be no change in the number of authorized shares of common stock or the par value per share of the common stock as a result of the reverse stock split.  Separately, at the annual meeting held on October 11, 2024, the Company’s shareholders voted to increase the authorized shares of common stock from 40 million to 150 million. 

    The reverse stock split will reduce the number of issued and outstanding shares of the Company’s common stock from approximately 16.9 million shares to approximately 2.1 million shares.

    The number of shares available for issuance under the Company’s equity incentive plans and the number of shares issuable pursuant to each outstanding equity award immediately prior to the reverse stock split will be reduced proportionately at the same ratio as the reverse stock split, and the exercise price for each outstanding stock option will be increased in inverse proportion to the reverse stock split ratio.

    The combination of, and reduction in, the issued shares of common stock as a result of the reverse stock split will occur automatically at the effective time of the reverse stock split without any additional action on the part of the Company’s stockholders. The Company’s transfer agent, Continental Stock Transfer & Trust Company (“Continental”), is acting as the exchange agent for the reverse stock split and will provide instructions to stockholders of record holding shares in certificated form regarding the process for exchanging their stock certificates. In addition, Continental will send stockholders of record holding their shares electronically in book-entry form a transaction statement indicating the number of shares of common stock such stockholders hold after the reverse stock split. Stockholders who hold their shares through a broker, bank, or other nominee will have their positions adjusted to reflect the reverse stock split, subject to their broker, bank, or other nominee’s particular processes, and will not be required to take any action in connection with the reverse stock split.

    Additional information regarding the reverse stock split can be found in the Company’s definitive proxy statement for the special meeting of stockholders of the Company held on October 11, 2024, which was filed with the U.S. Securities and Exchange Commission on September 30, 2024, a copy of which is available at http://www.sec.gov and on the Company’s website.

    About Nukkleus, Inc.

    Nukkleus, Inc. (NASDAQ: NUKK) is a FinTech company. For more information, please visit https://www.nukk.com. 

    Forward-Looking Statements

    This press release contains forward-looking statements. All statements other than statements of historical facts are “forward-looking statements” within the meaning of federal securities laws. In some cases, you can identify forward-looking statements by terminology such as “will,” “would,” “expect,” “intend,” “plan,” “objective,” or comparable terminology referencing future events, conditions or circumstances, or the negative of such terms. Forward-looking statements in this press release include, without limitation, statements about the results, timing and completion of the reverse stock split and the potential effect of the reverse stock split on the Company’s ability to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Global Market. Although Nukkleus believes that it has a reasonable basis for the forward-looking statements contained in this press release, they are based on management’s current beliefs and expectations about future events and circumstances and are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company’s control. These risk factors include, without limitation, the risk that the Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation may not be timely submitted to or processed for filing by the Secretary of State of the State of Delaware, the risk that The Nasdaq Stock Market LLC may not process the reverse stock split on the expected timeline, the potential for Nasdaq to halt trading in the Company’s common stock, and the risk that after the reverse stock split the closing bid price of the Company’s common stock is not at least $1.00 per share for a minimum of ten consecutive business days. These and other risk factors described under “Risk Factors” in Nukkleus’ most recently filed annual report on Form 10-K, as updated from time to time in Fluent’s quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements in this press release. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Nukkleus undertakes no obligation to update any forward-looking statement contained in this press release to reflect events that occur or circumstances that exist after the date of this press release, except as required by law.

    Contact Information: 

    Investor Relations
    Nukkleus, Inc.
    m@nukk.com

    The MIL Network –

  • MIL-OSI: ManTech Earns FinOps Foundation’s FinOps Service Provider Certification

    Source: GlobeNewswire (MIL-OSI)

    HERNDON, Va., Oct. 22, 2024 (GLOBE NEWSWIRE) — ManTech, a premier provider of AI and mission-focused technology solutions, is now a FinOps Foundation FinOps Certified Service Provider. FinOps, a combination of “Finance” and “DevOps,” is an operational framework and cultural practice which maximizes the business value of cloud, enables timely data-driven decision making, and creates financial accountability through collaboration between engineering, finance, and business teams.

    “This certification milestone underscores our commitment to helping public sector clients align their cloud spend with mission outcomes,” said Stephen Deitz, President of ManTech’s Federal Civilian Sector. “We are proud to put the global seal of approval on our capabilities as a FinOps Certified Service Provider.”

    By obtaining this certification, ManTech has demonstrated its professional services are aligned to the FinOps Framework. Through a team of highly-talented FinOps practitioners, engineers, analysts and professionals, ManTech enables its clients to build their FinOps Capabilities and adopt FinOps best practices to maximize the value of cloud services. These skilled specialists possess a deep understanding of FinOps, its domain areas and its application to enhance cloud operations proficiently, economically and at speed.

    This signature achievement follows ManTech joining the FinOps Foundation as a Premier Member with Mr. Deitz serving on the FinOps Foundation’s Governing Board.

    About ManTech
    ManTech provides mission-focused technology solutions and services for U.S. Defense, Intelligence and Federal Civilian agencies. In business for more than 55 years, we are a leading provider of AI solutions that power full-spectrum cyber, data collection & analytics, enterprise IT, high-end engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at http://www.mantech.com.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/830329b9-44c6-4379-a8d9-74f68540fc7c

    The MIL Network –

  • MIL-OSI: Auburn National Bancorporation, Inc. Reports Third Quarter Net Earnings

    Source: GlobeNewswire (MIL-OSI)

    Third Quarter 2024 Highlights:

    • Return on Assets (annualized) improved to 0.71%, compared to 0.58% in 3Q 2023
    • Net interest margin (tax-equivalent) of 3.05%, compared to 2.73% in 3Q 2023
    • Net interest income (tax-equivalent) was $6.8 million, an increase of 7% compared to 3Q 2023
    • Average loans were $571.7 million, an increase of 8% compared to 3Q 2023
    • Loan to deposit ratio increased to 62.7% at period end from 56.6% at September 30, 2023
    • Tangible common equity (“TCE”) to total assets improved to 8.52%, compared to 5.96% at September 30, 2023

    AUBURN, Ala., Oct. 22, 2024 (GLOBE NEWSWIRE) — Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $1.7 million, or $0.50 per share, for the third quarter of 2024, compared to $1.7 million, or $0.50 per share, for the second quarter of 2024, and $1.5 million, or $0.43 per share, for the third quarter of 2023. Net earnings were $4.8 million, or $1.38 per share, for the first nine months of 2024, compared to $5.4 million, or $1.54 per share, for the first nine months of 2023.

    “Our third quarter and year to date results benefited from the balance sheet repositioning we completed in the fourth quarter of 2023. This, combined with loan growth during 2024, have improved the Company’s net interest income and margin in the third quarter when compared to the same quarter last year,” said David A. Hedges, President and CEO. “Along with improvements in our balance sheet, we continue to look for opportunities to grow and increase our efficiency. After careful consideration of our customers and the close proximity to our other locations in Auburn, we are closing our Corner Village branch by year end, which should provide additional cost savings beginning in 2025,” continued Mr. Hedges.

    Net interest income (tax-equivalent) was $6.8 million in the third quarter of 2024, compared to $6.7 million in the second quarter of 2024, and $6.4 million in the third quarter of 2023.

    Net interest margin (tax-equivalent) was 3.05% in the third quarter of 2024, compared to 3.06% in the second quarter of 2024, and 2.73% in the third quarter of 2023. The increase compared to the third quarter of 2023 was primarily due to loan growth, a more favorable asset mix, and improvements in our yield on interest-earning assets, which outpaced increases in the cost of our interest-bearing deposits. Average loans for the third quarter of 2024 were $571.7 million, an increase of 8% from the third quarter of 2023.

    Mr. Hedges continued, “Although we experienced solid loan growth compared to the same time last year, we had approximately $14.9 million in loan payoffs during the latest quarter related to one borrowing relationship. The proceeds from the loan payoffs allowed us to repay $15.0 million of high-cost non-core funding.”

    Nonperforming assets were $0.8 million, or 0.08% of total assets, at September 30, 2024 and June 30, 2024, respectively, compared to $1.2 million, or 0.12% of total assets, at September 30, 2023.

    The Company recorded a negative provision for credit losses of $0.1 million in both the third and second quarters of 2024, compared to a provision for credit losses of $0.1 million in the third quarter of 2023. In the most recent quarter, the payoff of one loan relationship contributed to the negative provision.

    At September 30, 2024, the Company’s allowance for credit losses was $6.9 million, or 1.22% of total loans, compared to $7.1 million, or 1.24% of total loans, at June 30, 2024, and $6.8 million, or 1.24% of total loans, at September 30, 2023.

    Noninterest income was $0.8 million for the third quarter of 2024, compared to $0.9 million for the second quarter of 2024, and $0.9 million in the third quarter of 2023.

    Noninterest expense was $5.5 million for each of the third and second quarters of 2024, and $5.4 million the third quarter of 2023. The increase from the third quarter of 2023 was primarily related to an increase in salaries and benefits, partially offset by decreases in net occupancy and equipment expense and other noninterest expense.

    Total assets were $990.1 million at September 30, 2024, compared to $1.0 billion at June 30, 2024 and September 30, 2023, respectively. Loans, net of unearned income were $565.7 million at September 30, 2024, compared to $578.1 million at June 30, 2024 and $545.6 million at September 30, 2023. The decrease in loans, compared to June 30, 2024, was primarily related to the payoff of the $14.9 million relationship in the latest quarter. The increase in loans since September 30, 2023 primarily reflects growth in the commercial real estate and construction and land development loan categories. Total deposits were $901.7 million at September 30, 2024, compared to $946.4 million at June 30, 2024, and $964.6 million at September 30, 2023. The decrease in deposits compared to June 30, 2024 was primarily related to an increase in reciprocal customer deposits sold through Intrafi’s one-way sell program and the repayment of $15.0 million in time deposits held by the State of Alabama. At September 30, 2024 the Company sold $37.8 million of reciprocal deposits, compared to none at June 30, 2024 and September 30, 2023.

    At September 30, 2024, the Company’s consolidated stockholders’ equity (book value) was $84.3 million or $24.14 per share, compared to $75.2 million, or $21.53 per share, at June 30, 2024, and $61.5 million, or $17.59 per share, at September 30, 2023. The increase from June 30, 2024 was primarily driven by other comprehensive income of $8.3 million due to lower market interest rates that led to a decrease in unrealized losses on securities available-for-sale, net of tax, plus net earnings of $1.7 million. These increases in stockholders’ equity were partially offset by cash dividends paid of $0.9 million. Unrealized losses do not affect the Bank’s capital for regulatory capital purposes.

    The Company’s tangible common equity (“TCE”) ratio or total equity to total assets ratio was 8.52% at September 30, 2024, compared to 7.34% at June 30, 2024, and 5.96% at September 30, 2023. The TCE ratio increased compared to June 30, 2024 primarily due to increases in the fair value of the Company’s available-for-sale securities and a smaller balance sheet. All of the Company’s marketable securities are classified as available-for-sale. Therefore, any changes in the fair value of the Company’s securities portfolio are reflected in total equity, net of tax, under generally accepted accounting principles.

    The Company paid cash dividends of $0.27 per share in the third quarter of 2024. At September 30, 2024, the Bank’s regulatory capital ratios were well above the minimum amounts required to be “well capitalized” under current regulatory standards.

    About Auburn National Bancorporation, Inc.

    Auburn National Bancorporation, Inc. (the “Company”) is the parent company of AuburnBank (the “Bank”), with total assets of approximately $990.1 million. The Bank is an Alabama state-chartered bank that is a member of the Federal Reserve System, which has operated continuously since 1907. Both the Company and the Bank are headquartered in Auburn, Alabama. The Bank conducts its business in East Alabama, including Lee County and surrounding areas. The Bank currently operates eight full-service branches in Auburn, Opelika, Valley, and Notasulga, Alabama. The Bank also operates a loan production office in Phenix City, Alabama. Additional information about the Company and the Bank may be found by visiting http://www.auburnbank.com.

    Cautionary Notice Regarding Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, including, without limitation, statements about future financial and operating results, costs and revenues, the continuing effects of the COVID-19 pandemic and related government, Federal Reserve monetary and regulatory actions, including the remaining effects of pandemic-related economic stimulus and economic conditions generally and in our markets, loan demand, mortgage lending activity, changes in the mix of our earning assets (including those generating tax exempt income or tax credits) and our mix and cost of deposits and wholesale liabilities, net interest income and margin, yields on earning assets, the market values and performance of securities held, effects of inflation, including Federal Reserve monetary policies which were tightened in response to inflation beginning in 2022 through increases in the target federal funds rate and reductions in the Federal Reserve’s Treasury and mortgage-backed securities holdings, and more recent changes to increase reinvestment of maturing Treasury securities beginning in June 2024 and a mid-September 2024 reduction in the target federal funds rate by 50 basis points to 4.75-5.00%, interest rates (generally and those applicable to our assets and liabilities) and changes in our asset values, especially investment securities, as a result of monetary policies and interest rate changes, noninterest income, loan performance, loan deferrals and modifications, nonperforming assets, other real estate owned, provision for credit losses, including the continuing effects of the application of the new CECL accounting standard adopted on January 1, 2023 and our CECL models, including possible adjustments to the fair values of securities available for sale in lieu of other-than-temporary impairments, charge-offs, collateral values, credit quality, asset sales, insurance claims, and market trends, as well as statements with respect to our objectives, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements.

    Forward-looking statements, with respect to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, achievements, or financial condition of the Company or the Bank to be materially different from future results, performance, achievements, or financial condition expressed or implied by such forward-looking statements. You should not expect us to update any forward-looking statements.

    All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2023 and otherwise in our other SEC reports and filings.

    Explanation of Certain Unaudited Non-GAAP Financial Measures

    This press release contains financial information determined by methods other than U.S. generally accepted accounting principles (“GAAP”). The attached financial highlights include certain designated net interest income amounts presented on a tax-equivalent basis, a non-GAAP financial measure, and the presentation and calculation of the efficiency ratio, a non-GAAP measure. Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes the presentation of net interest income on a tax-equivalent basis provides comparability of net interest income from both taxable and tax-exempt sources and facilitates comparability within the industry. Similarly, the efficiency ratio is a common measure that facilitates comparability with other financial institutions. Although the Company believes these non-GAAP financial measures enhance investors’ understanding of its business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. Along with the attached financial highlights, the Company provides reconciliations between the GAAP financial measures and these non-GAAP financial measures.

    For additional information, contact:
    David A. Hedges
    President and CEO
    (334) 821-9200

    Financial Highlights (unaudited)

                      
         Quarters Ended   Nine months ended
    (Dollars in thousands, except per share amounts)   September 30, 2024   June 30, 2024   September 30, 2023   September 30, 2024   September 30, 2023
    Results of Operations                                  
    Net interest income (a) $ 6,811     $ 6,728     $ 6,380     $ 20,216     $ 20,591  
    Less: tax-equivalent adjustment   21       19       108       60       322  
      Net interest income (GAAP)   6,790       6,709       6,272       20,156       20,269  
    Noninterest income   846       896       865       2,629       2,448  
      Total revenue   7,636       7,605       7,137       22,785       22,717  
    Provision for credit losses   (127 )     (123 )      105       84       (191 )
    Noninterest expense   5,500       5,519       5,362       16,694       16,791  
    Income tax expense   531       475       182       1,170       737  
    Net earnings $ 1,732     $ 1,734     $ 1,488     $ 4,837     $ 5,380  
                                             
    Per share data:                                  
    Basic and diluted net earnings: $ 0.50     $ 0.50     $ 0.43     $ 1.38     $ 1.54  
    Cash dividends declared $ 0.27     $ 0.27     $ 0.27     $ 0.81     $ 0.81  
    Weighted average shares outstanding:                                  
      Basic and diluted   3,493,699       3,493,699       3,496,411       3,493,687       3,499,518  
    Shares outstanding, at period end   3,493,699       3,493,699       3,493,614       3,493,699       3,493,614  
    Book value $ 24.14     $ 21.53     $ 17.59     $ 24.14     $ 17.59  
    Common stock price:                                  
      High $ 24.35     $ 19.25     $ 22.80     $ 24.35     $ 24.50  
      Low   17.50       16.63       20.85       16.63       18.80  
      Period-end:   22.90       18.29       21.50       22.90       21.50  
        To earnings ratio (c)   91.60  x     101.61 x     7.65 x     91.60 x     7.65  
        To book value   95  %     85 %     122 %     95 %     122  
    Performance ratios:                                  
    Return on average equity (annualized)   9.10  %     9.63 %     8.59 %     8.59 %     10.15  
    Return on average assets (annualized)   0.71  %     0.71 %     0.58 %     0.66 %     0.70  
    Dividend payout ratio   54.00  %     54.00 %     62.79 %     58.70 %     52.60  
    Other financial data:                                  
    Net interest margin (a)   3.05  %     3.06 %     2.73 %     3.05 %     2.97  
    Effective income tax rate   23.46  %     21.50 %     10.90 %     19.48 %     12.05  
    Efficiency ratio (b)   71.83  %     72.39 %     74.01 %     73.08 %     72.88  
    Asset Quality:                                  
    Nonperforming assets:                                  
      Nonperforming (nonaccrual) loans $ 775     $ 794     $ 1,213     $ 775     $ 1,213  
        Total nonperforming assets $ 775     $ 794     $ 1,213     $ 775     $ 1,213  
                                             
    Net charge-offs (recoveries) $ 60     $ 9     $ 14     $ 2     $ (127 )
                                             
    Allowance for credit losses as a % of:                                  
      Loans   1.22  %     1.24 %     1.24 %     1.22 %     1.24  
      Nonperforming loans   887  %     899 %     559 %     887 %     559  
    Nonperforming assets as a % of:                                  
      Loans and other real estate owned   0.14  %     0.14 %     0.22 %     0.14 %     0.22  
      Total assets   0.08  %     0.08 %     0.12 %     0.08 %     0.12  
    Nonperforming loans                                  
      as a % of total loans   0.14  %     0.14 %     0.22 %     0.14 %     0.22  
    Annualized net charge-offs (recoveries)                                  
       as a % of average loans   0.04  %     0.01 %     0.01 %     —  %     (0.03 )
    Selected average balances:                                  
    Securities $ 251,723     $ 258,228     $ 390,772     $ 259,158     $ 398,751  
    Loans, net of unearned income   571,651       573,443       529,382       568,628       514,635  
    Total assets   982,656       978,107       1,020,980       979,243       1,022,257  
    Total deposits   904,860       900,673       942,533       900,876       944,471  
    Total stockholders’ equity $ 76,113     $ 72,059     $ 69,269     $ 75,044     $ 70,659  
    Selected period end balances:                                  
    Securities $ 258,285     $ 254,359     $ 373,286     $ 258,285     $ 373,286  
    Loans, net of unearned income   565,699       578,068       545,610       565,699       545,610  
    Allowance for credit losses   6,876       7,142       6,778       6,876       6,778  
    Total assets   990,143       1,025,054       1,030,724       990,143       1,030,724  
    Total deposits   901,724       946,405       964,602       901,724       964,602  
    Total stockholders’ equity $ 84,336     $ 75,209     $ 61,451     $ 84,336     $ 61,451  
                                             
    (a) Tax equivalent. See “Explanation of Certain Unaudited Non-GAAP Financial Measures” and “Reconciliation of GAAP
      to non-GAAP Measures (unaudited).”
    (b) Efficiency ratio is the result of noninterest expense divided by the sum of noninterest income and tax-equivalent
      net interest income. See “Reconciliation of GAAP to non-GAAP Measures (unaudited)” below.
    (c) Calculated by dividing period end share price by earnings per share for the previous four quarters.
     
     

    Reconciliation of GAAP to non-GAAP Measures (unaudited):

                 
        Quarters Ended   Nine months ended
    (Dollars in thousands, except per share amounts)   September 30, 2024   June 30, 2024   September 30, 2023     September 30, 2024   September 30, 2023  
    Net interest income, as reported (GAAP) $ 6,790   $ 6,709   $ 6,272   $ 20,156   $ 20,269  
    Tax-equivalent adjustment   21     19     108     60     322  
    Net interest income (tax-equivalent) $ 6,811   $ 6,728   $ 6,380   $ 20,216   $ 20,591  

    The MIL Network –

  • MIL-OSI: KLAS Research Recognizes Proscia For Improving Patient Outcomes

    Source: GlobeNewswire (MIL-OSI)

    PHILADELPHIA, Oct. 22, 2024 (GLOBE NEWSWIRE) — Proscia®, a global leader in AI-enabled pathology solutions for precision medicine, was named to KLAS Research’s 2024 Emerging Solutions Top 20 list of technologies best positioned to impact the Quadruple Aim of Healthcare. Its Concentriq® software platform was selected by healthcare leaders across the United States for improving patient outcomes. Awardees were celebrated at the HLTH USA event in Las Vegas, Nevada.

    “The 2024 Emerging Solutions Top 20 winners are truly disrupting the market with their innovative solutions,” said Adam Gale, CEO of KLAS. “These companies are demonstrating exceptional creativity and effectiveness in taking on some of healthcare’s biggest challenges. In many cases, they are not just keeping pace with the rapid changes in technology; they are setting the standard for excellence and driving the industry forward. We are excited to see how these solutions will continue to evolve and impact the healthcare industry.”

    KLAS enlisted 49 healthcare leaders to rank emerging solutions based on their potential to impact each arm of the Quadruple Aim: improve outcomes, reduce the cost of care, improve patient experiences, and improve clinician experiences. The top 5 solutions with the greatest potential to impact each arm were listed as winners. Among the hundreds of solutions KLAS evaluated, only those that customers scored an 85 or higher based on KLAS’ proprietary methodology in Spotlight or First Look reports were eligible.

    “Labs worldwide feel the impact of rising diagnostic burden and a shortage of pathologists. Slow processes and limited access to analog pathology data contribute to this burden,” said Eder Lagemann, Research Director at KLAS in the June 2024 Emerging Company Spotlight on Concentriq. “To help ease this burden, Proscia offers Concentriq, an enterprise pathology platform that allows organizations to digitize their labs and adopt AI applications that help deliver more efficient results.”

    KLAS’ Spotlight on Concentriq reveals the majority of Proscia’s customers surveyed saw immediate benefits, and all such customers achieved outcomes within 6 months of deploying it. Impacts cited include improving turnaround times, attracting more talent, laying the foundation to adopt a broad range of AI applications, and creating a real-world data archive for fueling research and development. Customers are also impressed with both the level of support they receive and Proscia’s pathology expertise. Working with a trusted partner that offers a world-class software platform has led 100% of Proscia’s customers surveyed to say they would buy again.

    “We are rewiring pathology with software and AI to fuel the fight against humanity’s most challenging diseases, like cancer,” said David West, Proscia’s CEO. “KLAS’ recognition underscores our commitment to giving pathologists the great software they deserve to benefit them and their patients.”

    Read the full 2024 KLAS Emerging Solutions Top 20 report here.

    About Proscia
    Proscia is a software company accelerating pathology’s transition to a digital, data-driven discipline and enabling AI to advance precision medicine. Its Concentriq enterprise pathology platform, precision medicine AI portfolio, and real-world data fuel the development and use of novel therapies and diagnostics to drive the fight against humanity’s most challenging diseases, like cancer. 14 of the top 20 pharmaceutical companies and a global network of diagnostic laboratories rely on Proscia’s solutions each day. The company has FDA 510(k) clearance and was the first to secure CE-IVDR certification to advance digital pathology primary diagnosis in the European Union. For more information, visit proscia.com, and follow Proscia on LinkedIn and X.

    About KLAS
    KLAS has been providing accurate, honest, and impartial insights for the healthcare IT (HIT) industry since 1996. The KLAS mission is to improve the world’s healthcare by amplifying the voice of providers and payers. The scope of our research is constantly expanding to best fit market needs as technology becomes increasingly sophisticated. KLAS finds the hard-to-get HIT data by building strong relationships with our payer and provider friends in the industry. Follow KLAS on LinkedIn. Learn more at: klasresearch.com.

    Sydney Fenkell
    Head Of Marketing Communications
    215-816-3436
    sydney@proscia.com

    The MIL Network –

  • MIL-OSI: Asset Entities Inc. is Pleased to Announce that it has Received an Extension from Nasdaq to Regain Compliance with Nasdaq Listing Rule 5550(b)

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 22, 2024 (GLOBE NEWSWIRE) — Asset Entities Inc. (“Asset Entities” or the “Company”) (NASDAQ: ASST), a provider of digital marketing and content delivery services across Discord and other social media platforms, and a Ternary Payment Platform company, today announced that it had been granted an extension until February 17, 2025, to regain compliance with Nasdaq Listing Rule 5550(b)(1).

    As previously disclosed, on August 21, 2024, the Company received a written notification from the staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum $2,500,000 stockholders’ equity requirement set forth in Nasdaq Listing Rule 5550(b)(1) for continued listing on The Nasdaq Capital Market tier of Nasdaq. In accordance with Nasdaq rules, the Company was provided 45 calendar days, or until October 7, 2024, to submit a plan to regain compliance with Nasdaq Listing Rule 5550(b)(1).

    On October 7, 2024, Asset Entities presented a strategic plan to the Nasdaq staff detailing both immediate and long-term strategies to regain compliance with the requirements outlined in Nasdaq Listing Rule 5550(b)(1). This comprehensive plan encompassed a series of decisive steps, including reducing operating costs and pursuing additional capital through various strategic financing options. The plan was crafted to meet Nasdaq’s immediate compliance requirements and to strengthen the Company’s overall financial position and operational efficiency.

    Following a recent submission of the Company’s plan to the Nasdaq staff, the Nasdaq staff issued an extension on October 17, 2024, granting Asset Entities until February 17, 2025, to demonstrate full compliance with Nasdaq Listing Rule 5550(b), which requires a minimum stockholders’ equity of $2,500,000.

    Asset Entities has taken steps to fully comply by aggressively working to improve its financial strength and operations. These efforts include ongoing cost reduction initiatives and raising additional capital for future acquisitions, including by utilizing its existing at-the-market offering, and expects to take further action so that Asset Entities can meet the $2,500,000 stockholders’ equity requirement by the February 17, 2025 deadline.

    Arshia Sarkhani, CEO of Asset Entities, stated: “We are encouraged by Nasdaq’s recognition of our efforts and the additional time granted to meet the equity requirement. Our team is committed to adhering to our plan and ensuring regulatory compliance. Our goal is to ensure that we can continue our expansion and further development of our Discord and social media services, and we are strongly encouraged by the significant increase in revenues over the last year, which we believe will continue to grow with the anticipated future acquisitions and new AE.360.DDM contracts.”

    To learn about Asset Entities, please go to http://www.assetentities.com. To learn about the Ternary payment platform, please go to http://www.ternarydev.com. To learn about Asset Entities 360 suite of discord services, go to http://www.ae360ddm.com and https://discord.gg/ae360ddm.  

    About Asset Entities Inc.

    Asset Entities Inc. is a technology company providing social media marketing, management, and content delivery across Discord, TikTok, Instagram, X (formerly Twitter), YouTube, and other social media platforms. Asset Entities is believed to be the first publicly traded Company based on the Discord platform, where it hosts some of Discord’s largest social community-based education and entertainment servers. The Company’s AE.360.DDM suite of services is believed to be the first of its kind for the Design, Development, and Management of Discord community servers. Asset Entities’ initial AE.360.DDM customers have included businesses and celebrities. The Company also has its Ternary payment platform that is a Stripe-verified partner and CRM for Discord communities. The Company’s Social Influencer Network (SiN) service offers white-label marketing, content creation, content management, TikTok promotions, and TikTok consulting to clients in all industries and markets. The Company’s SiN influencers can increase the social media reach of client Discord servers and drives traffic to their businesses. Learn more at assetentities.com, and follow the Company on X at $ASST and @assetentities.

    Important Cautions Regarding Forward-Looking Statements

    This press release contains forward-looking statements. In addition, from time to time, representatives of the Company may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which are derived from the information currently available to the Company. Such forward-looking statements relate to future events or the Company’s future performance, including its financial performance and projections, growth in revenue and earnings, and business prospects and opportunities. Forward-looking statements can be identified by those statements that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors including those that are described in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These and other factors may cause the Company’s actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

    Company Contacts:
    Arshia Sarkhani, President and Chief Executive Officer
    Michael Gaubert, Executive Chairman
    Asset Entities Inc.
    Tel +1 (214) 459-3117 
    Email Contact

    Investor Contact:
    Skyline Corporate Communications Group, LLC
    Scott Powell, President
    1177 Avenue of the Americas, 5th Floor
    New York, NY 10036
    Office: (646) 893-5835
    Email: info@skylineccg.com

    The MIL Network –

  • MIL-OSI: Endexx Corporation’s HYLA Division Partners With American Shaman, Expanding Distribution Across U.S. Locations

    Source: GlobeNewswire (MIL-OSI)

    PHOENIX, Oct. 22, 2024 (GLOBE NEWSWIRE) — Endexx Corporation (OTC: EDXC), a leading provider of plant-based wellness and lifestyle products, today announced a major new partnership between its HYLA™ division and American Shaman, a well-established wellness retailer based in Kansas City, Missouri. This partnership will introduce HYLA’s innovative no-nicotine vape products to 40 corporate-owned American Shaman locations, with the potential to expand into 300 stores nationwide.

    This collaboration is a key part of Endexx’s growth strategy as the HYLA division continues to secure distribution agreements across the U.S. The partnership with American Shaman is just one of many anticipated deals, positioning HYLA for significant expansion in the domestic market.

    HYLA’s Strategic Partnership with American Shaman

    HYLA’s no-nicotine, plant-based vape products will initially launch in 40 corporate-owned American Shaman locations as part of a tray display program, focusing on educating consumers about the benefits of nicotine-free alternatives. American Shaman, known for its commitment to customer education and high-quality wellness products, will play a crucial role in introducing HYLA’s products to a broader audience.

    “We are excited to partner with American Shaman,” said Brad Listermann, Interim CEO of Endexx Corporation. “Their store members are highly knowledgeable in consumer education, and we believe they will do an excellent job of helping customers understand the benefits of our HYLA products. This partnership marks another milestone in making HYLA’s no-nicotine products a household name.”

    A Promising Future for HYLA and Endexx

    HYLA continues to target a compound annual growth rate (CAGR) of 300% over the next three to five years. The collaboration with American Shaman is expected to accelerate product distribution and market penetration, with more partnerships on the horizon.

    Dustin Sullivan, VP of HYLA, added, “This is a great opportunity to introduce our all-natural, nicotine-free vape products to more U.S. consumers. With American Shaman’s strong retail presence and commitment to customer education, we are confident this partnership will fuel further growth.”

    About American Shaman

    American Shaman is a well-established leader in the wellness industry with over 360 locations across the United States. Founded by Vince Sanders in Kansas City, Missouri, the company has built a reputation for providing high-quality, fast-acting wellness solutions through advanced technology. With a dedicated team of experts, American Shaman continues to innovate and expand its reach, offering effective products that meet the diverse needs of customers

    About Endexx Corporation

    Endexx Corporation, through its operating divisions CBD Unlimited, Inc., and HYLA, develops and distributes all-natural, plant-based topical products, as well as non-nicotine vape products in the wellness and health market. HYLA is a wholly owned subsidiary of Endexx, offering a proprietary non-nicotine vape product, rapidly expanding its market share internationally through unique and all-natural botanical formulations. CBD Unlimited produces and distributes high-end CBD-based products derived from hemp, designed to address various health issues and promote wellness in humans and pets. Endexx has developed a wide distribution network that includes pharmacies, mass retailers, and e-commerce platforms.

    Safe Harbor Statement

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including, without limitation, those regarding the company’s expectations, intentions, strategies, and beliefs concerning future performance. These forward-looking statements involve certain risks and uncertainties, including uncertainties regarding economic conditions, customer acceptance of products, regulatory actions, competition, and other factors, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Readers should not place undue reliance on forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

    Contact:
    Endexx Corporation
    480-595-6900
    IR@Endexx.com
    http://www.endexx.com

    Partnership Opportunities
    To learn more about becoming a distribution partner with HYLA, visit: https://www.hyladistribution.com

    The MIL Network –

  • MIL-OSI Global: War and the supernatural: former Congolese soldiers recall the ritual practices used to prepare for battle

    Source: The Conversation – Africa – By Dostin Lakika, Research Associate, University of the Witwatersrand

    War takes a toll on soldiers’ bodies and minds. To prepare for battle, soldiers are taken through various forms of training. Part of this training aims to strip candidates of their civilian values and inculcate military culture.

    While armies have access to an array of contemporary strategies and weaponry during training, one element isn’t often discussed: the rituals incorporated in training and those performed before engaging in warfare.

    Rituals include the magico-religious practices performed for various purposes, such as seeking blessing, power or protection or even imbibing military customs. Rituals or ceremonies are believed to bestow specific abilities upon individuals and shape their behaviours.

    War rituals aren’t exclusive to Africa. Many armed forces all over the world perform them. A study of rituals in the American military, for instance, found that these ceremonies help soldiers cope with trauma, loss and moral challenges during conflict.

    As a scholar focused on the memories of war and violence experienced by former soldiers, I set out to study the role rituals play in shaping soldiers’ identities, preparation for war and coping with war’s realities in battle and after.

    My findings suggest that rituals can function as a source of strength for soldiers. They instil a sense of confidence and security, as initiates feel encompassed by supernatural power. Additionally, these rituals enhance team unity, and reinforce discipline and loyalty to commanding officers.

    My study highlights the integration of rituals into military tactics, and their influence on soldiers’ lives amid stress and uncertainty on the battlefield. I argue that while the effectiveness of an army relies on the quality of its training and equipment, rituals can significantly influence the mindset of combatants.

    The study

    I interviewed 21 former Congolese soldiers from the Zairean Armed Forces (now known as the Armed Forces of the Democratic Republic of Congo, following the country’s renaming in May 1997) to gather data on their military experiences. These respondents served as the primary sources of information regarding the use of rituals.

    A retrospective study like this raises concerns about potential memory lapses. Former soldiers reflecting on their army experiences may struggle to recall certain aspects due to the passage of time. However, research suggests that significant events are remembered more persistently, implying that military rituals can be recalled accurately.

    I chose soldiers from the Zairean Armed Forces for two reasons. First, many soldiers left the national army and fled the country to South Africa after Laurent-Desiré Kabila overthrew Mobutu Sese Seko in 1997. Secondly, despite being plagued by corruption and mismanagement, Mobutu’s army was widely regarded as disciplined and powerful.

    Consequently, participants were more willing to discuss their military experiences as former members of the national defence forces. The respondents are now living in various Johannesburg suburbs.

    The findings

    I analysed the data I collected to identify patterns and extract common themes. I found that rituals involved the perceived creation of material shields or the acquisition of supernatural powers. They were aimed at offering a sense of protection of the body. Rituals also provided a mystical dimension, notably through the ceremonial treatment of uniforms.

    The overarching aim of rituals was to disconnect soldiers from civilian life and cultivate a specific form of masculinity aligned with military objectives. This helped foster camaraderie, establish strong connections among troops and contributed to the maintenance of discipline.

    Respondents in my study said initiation rituals focused on training and indoctrination to build a military identity centred on sacrifice and endurance for the nation. Before recruits donned military uniforms, for instance, they underwent rituals to consecrate their bodies to the army. One respondent, Makemba, explained:

    A soldier is not afraid of death; a true soldier can’t be afraid of death, I tell you. Because you live with death, you eat with death, and you clothe death … military uniforms are taken to cemetery where they spend two or three days before you wear them to tell you that you are death’s friend; you are brother of those who are dead, and you and those who are dead are the same.

    This graveyard ritual symbolised the soldiers’ connection with the deceased and transformed their individual identities into a collective body.

    To reinforce discipline, respondents said, they were required to utter specific words before entering someone’s field as a form of confession and permission. This, they said, would shield soldiers from negative impulses, such as using belongings without consent. The DRC army has a notorious reputation for exploiting civilians to supplement meagre salaries. Observing discipline was, therefore, considered essential for personal protection and the success of military operations.

    Additionally, before being deployed for war, respondents said soldiers participated in various religious practices, and received blessings along with religious items. These magico-religious rituals served to provide a sense of protection from enemy attacks. These religious ceremonies, respondents said, provided a measure of solace and self-confidence before combat. As Lokole explained it:

    You know, before joining the army I was an athlete and already knew something about power and protection because I had to protect myself against my opponents. But I joined the army, I was given leopard’s bones and water in which the bones were kept. When I had to go to the battlefield, I washed my face, hands, and feet with that sacred water. The bones were strung together on a thread, which I was instructed to fasten around my waist. This was the source of power and protection for me, and I can tell you, I survived many deadly dangers because I had these powers.

    Respondents believed that these rituals proved effective while on the frontlines. In his account, Amani said:

    Many of our colleagues found themselves face to face with the enemy who fired them at point-blank range but the bullets only passed through the clothes they were wearing without touching them. They returned with military uniform pierced by bullets, but they themselves were unharmed. Rituals were very protective. We witnessed many cases like this.

    The effectiveness of these rituals, respondents believed, was contingent on strict adherence to them. Failure to do so, they said, could lead to fatalities. Soldiers also combined traditional beliefs with Christian faith to cope with battlefield challenges despite debates over the compatibility of these belief systems.

    Why it matters

    The data collected from former Congolese soldiers indicates that they believed their protection in battle was dependent on the quality of the weapons, as well as magico-religious resources. This indicates that rituals can play a key psychological role in preparing soldiers for war, fostering strength, cohesion and discipline. Their importance in the armed forces shouldn’t be underestimated.

    Dostin Lakika 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. War and the supernatural: former Congolese soldiers recall the ritual practices used to prepare for battle – https://theconversation.com/war-and-the-supernatural-former-congolese-soldiers-recall-the-ritual-practices-used-to-prepare-for-battle-239967

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