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  • MIL-OSI China: Defense Ministry Spokesperson’s Remarks on Recent Media Queries Concerning the Military 2024-10-18 On the afternoon of October 15th, spokesperson for the Ministry of National Defense Senior Colonel Wu Qian answered recent media queries concerning the military.

    Source: People’s Republic of China – Ministry of National Defense 2

    On the afternoon of October 15th, spokesperson for the Ministry of National Defense Senior Colonel Wu Qian answered recent media queries concerning the military.

    Senior Colonel Wu Qian, spokesperson for the Ministry of National Defense (MND) of the People’s Republic of China (PRC), answers recent media queries concerning the military on the afternoon of October 15, 2024. (mod.gov.cn/Photo by He Youwen)

    (The following English text is for reference. In case of any divergence of interpretation, the Chinese text shall prevail.)

    I have four pieces of information at the top.

    The first one.

    At the invitation of China’s Ministry of National Defense, defense attachés from more than 60 countries including Pakistan, Singapore, South Africa, Jordan, the United Kingdom, Kazakhstan, Canada and Argentina went to the PLA Eastern Theater Command area on October 14th for a five-day visit. This visit will help them better understand the Chinese path to modernization, especially the great achievements made by the people’s military in the new era, and will advance the friendly cooperation between the PLA and their militaries.

    The second one.

    According to the annual plan and the consensus reached between China and Thailand, the Commando 2024 joint army training will be held in Yunnan Province from mid- to- late October. The training focuses on joint counter-terrorism operations, including manned/unmanned coordination, special blasting, helicopter fast-roping, and joint search and clearing. It aims to improve interoperability between the Chinese and Thai armies and bolster regional stability.

    The third one.

    The PLA Army Engineering University will host the 11th International Army Cadets Week (IACW) in Nanjing from October 28th to November 3rd. Officer cadets from military academies of countries including Argentina, Egypt, Italy, Pakistan, and Singapore will participate in the event. Under the theme of “Enhancing the Capability of Junior Officers for Future Warfare”, this year’s IACW will have themed discussions, leadership challenges, live-fire shooting training, cultural exchange and other activities. The IACW is a platform for officer cadets to communicate and learn from each other.

    The fourth one.

    The PLA Army Command College will host the Zhongshan International Forum in Nanjing from October 21st to 25th. Army representatives from over ten countries including Laos, Cambodia, Iran, Tanzania and Kazakhstan will participate in the event. Under the theme of “Future-oriented and New Type Modern Army”, the forum will have themed discussions on such topics as “objectives and trends in army development”, “theoretical innovation for army combat and training”, “army deployment in MOOTW”, and “cultivation of army commanders and staff officers”. The forum will facilitate exchanges and mutual learning among the participants, and promote theoretical innovation for army development.

    Senior Colonel Wu Qian, spokesperson for the Ministry of National Defense (MND) of the People’s Republic of China (PRC), answers recent media queries concerning the military on the afternoon of October 15, 2024. (mod.gov.cn/Photo by He Youwen)

    Question: It is reported that the recruitment of naval pilot cadets for 2025 has started. Please tell us more about it.

    Wu Qian: The PLA Navy recently launched the naval pilot cadet recruitment for 2025. As usual, eligible high school graduates and fresh graduates from universities either with a bachelor’s or master’s degree could apply. In reference to the recruitment standards in major naval powers, the PLA Navy has loosened the criteria on eye sight, widening the scope of applicants to include those who have received vision correction surgery. To meet takeoff/landing requirements for carrier-borne aircraft in complex sea conditions, the Navy has added such testing items as stereoscopic vision, visual contrast sensitivity, magnetic resonance imaging and chest CT scanning, as well as a 15-hour airborne ability screening, to make the recruitment more science-based and precise.

    Pursue your dream to fly in the Navy, and serve the country with dedication and loyalty. The recruitment of naval pilot cadets for 2025 started on October 15th. We welcome young people to join this cause for the brave and become dancers on the blade. For more details, please log on to http://www.hjzf.mil.cn.

    Question: Naval forces from the United States, Japan, India and Australia conducted Exercise Malabar in the Indian Ocean on October 8th. Some reports say this exercise is directed at China and can enhance the Quad mechanism among the four countries in security areas. What’s your comment?

    Wu Qian: China believes that security cooperation among relevant countries should not harm the interests of any third party or undermine regional peace and stability. The so-called Quad mechanism has become a sheer political tool for the United States to contain China and maintain its hegemony. We firmly oppose relevant parties to use China as an excuse to stir up confrontation and escalate regional tensions. A small circle bloc will not make any big difference. The Asia-Pacific should be a grand stage where countries join hands to cooperate, rather than an arena for geopolitical competition. We require relevant countries to give up their obsession with zero-sum mindset and put more efforts on protecting regional security, instead of doing the opposite.

    Question: It is reported that the Japanese Defense Ministry recently released reports and photos about the movements of the PLA Navy’s Liaoning aircraft carrier task group, which sailed around the Philippines, and was then joined by the aircraft carrier Shandong in Hainan. Please comment on that.

    Wu Qian: We have noticed the media hype by the Japanese side. The Japanese photographer is trying to catch headlines, and is showing off his or her techniques again. Recently, the PLA Navy sent the Liaoning aircraft carrier task group to conduct training in waters of the South China Sea. This is a routine arrangement within the annual plan that is aimed to enhance the task group’s combat capability. The PLA will routinely organize similar training activities in the future.

    Senior Colonel Wu Qian, spokesperson for the Ministry of National Defense (MND) of the People’s Republic of China (PRC), answers recent media queries concerning the military on the afternoon of October 15, 2024. (mod.gov.cn/Photo by He Youwen)

    Question: According to media reports, the US Government Accountability Office recently accused Raytheon of fraud in selling expensive weapons to Taiwan, which procured the Patriot missile system in 2013 and radar systems in 2017 from that company. A public opinion representative from the Kuomintang criticized US arms dealers as fraud dens. Do you have any comment?

    Wu Qian: We firmly oppose US provision of weapons to China’s Taiwan region. I believe what the reports revealed is only a tip of the iceberg. The Democratic Progressive Party Authorities have been doing everything to court their masters in the US to buy weapons, which only wasted the hard-earned money of people in Taiwan. It is evident that what they bought are pieces of junk that only benefited corrupted officials and arms dealers. There are growing opposition and dissatisfaction from the local people.

    Sky-high price and obsolete functions are two hallmarks of US arms sales to Taiwan. From mouldy bulletproof vest to expired ammunition to expensive missiles and radars, we can see that the Americans only care about American interests. “Taiwan Independence” is a dead end and outsiders are never reliable. Those who try to rely on US support for independence will only court their own destruction.

    Question: Japan’s new Prime Minister Shigeru Ishiba once suggested establishing an “Asian version of NATO” and working with Western countries in containing China. Officials from the Japanese Defense Ministry said China and Russia’s infringement upon Japan’s airspace is a regional and international concern. Please comment on that.

    Wu Qian: In disregard of fact on the ground, the Japanese side often hypes-up the non-existent “China threat” to divert the international community’s attention from its military expansion. China is strongly opposed to this approach. It is known to all that Japan has broken away from its pacifist constitution and “exclusively defense-oriented” policy in recent years, and largely enhanced its military preparedness, such behavior has put its Asian neighbors and the international community on high alert.

    We urge the Japanese side to stop forming exclusive military alliances and “cliques”, be very cautious with its words and deeds regarding military security, and do more for regional peace and stability.

    Question: The Israel Defense Force recently attacked the United Nations Interim Force In Lebanon (UNIFIL). What’s your comment? Are Chinese peacekeepers safe?

    Wu Qian: China is seriously concerned about and strongly condemns the Israeli military’s attack on the UNIFIL. China firmly opposes any attack on UN peacekeepers. We require a thorough investigation on the incident and hold those responsible accountable. We urge relevant parties to take real actions to prevent such an incident from happening again. The parties involved in the conflict must ensure the safety of the personnel and assets of the UNIFIL.

    The Chinese peacekeeping units in Lebanon are safe now. China is closely monitoring the security situation in Lebanon, and will take additional measures to strengthen security protection of our troops.

    MIL OSI China News –

  • MIL-OSI: Andes Announces the AndesCore™ AX66 supporting RVA23, Multi-cluster, Hypervisor and Android

    Source: GlobeNewswire (MIL-OSI)

    Hsinchu, Taiwan, Oct. 18, 2024 (GLOBE NEWSWIRE) — Andes Technology, a leading supplier of high efficiency, low-power 32/64-bit RISC-V processor cores and Founding Premier member of RISC-V International, today announces the AndesCore™ AX66 out-of-order superscalar multicore processor IP supporting the RVA23 profile. The AX66 is the 2nd member of the high-performance out-of-order AX60 series. Built on the success of the AX65 with the same 13-stage pipeline, 4-wide decode, and 8-wide out-of-order execution, the AX66 introduces many new features, including Vector and Vector Crypto support, Hypervisor and AIA, Multi-Cluster support with CHI, and RVA23 profile support. AX66’s versatile capabilities on performance scalability, multimedia, security, and virtualization makes it an ideal main processor in high-performance Linux and Android applications such as edge/data center AI, infotainment, networking, and vision/camera applications.

    The AX66 boosts the SpecInt2006 performance over the 1st generation AX65 by more than 15%. Each core has 64KB private L1 instruction and data caches and up to 1MB private L2 cache, and each cluster contains up to 8 cores and a shared L3 cache up to 32MB. Besides the IO coherence interface already in the AX65, the AX66 adds a Coherence Hub Interface (CHI) for multi-cluster coherence. With the CHI interface support, we can use much more AX66 CPUs to work together in the same cache-coherent domain.  Together with the Hypervisor, AIA and optional IOMMU technologies, the AX66 can fully virtualize the entire multi-cluster CPU subsystem for resource sharing and security. Moreover, the AX66 supports the RISC-V standard external debug and instruction trace interfaces to facilitate fast system development, analysis and debugging.

    “We are excited to announce our 2nd member of the top-of-the-line AX60 series, to further expand our portfolio,” said Dr. Charlie Su, President and CTO of Andes Technology. “We have added numerous features to the AX66, enabling its usage across a wide range of applications. With the RVV support, the AX66 can now handle more advanced AI/ML and multimedia applications. The inclusion of the Vector Crypto extension and the optional IOMMU provides the security capability for a modern day platform system. Additionally, the Hypervisor, AIA, CHI interface support make the AX66 suitable for the data center network applications such as Smart NIC or Data Processing Unit(DPU), and edge servers or devices running containerized applications. The inclusion of the RVA23 profile allows the AX66 to run Android OS on wearables, POS terminals, digital signage, and TV set-top boxes. We anticipate the AX66 to further penetrate high-end mainstream markets.”

    The AndesCore™ AX66 is to be available for lead customers in Q4 2024 through the early access program and for general customers in 2025. For further information about the AX66 and the AX60 series processors, please contact Andes Technology.

    About Andes Technology

    Nineteen years in business and a Founding Premier member of RISC-V International, Andes is a publicly-listed company (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099) and a leading supplier of high-performance/low-power 32/64-bit embedded processor IP solutions. Its V5 RISC-V CPU families range from tiny 32-bit cores to advanced 64-bit Out-of-Order processors with DSP, FPU, Vector, Linux, superscalar, automotive and/or multi/many-core capabilities. By the end of 2023, the cumulative volume of Andes-Embedded™ SoCs has surpassed 14 billion. For more information, please visit https://www.andestech.com . Follow Andes on LinkedIn, Twitter, Bilibili and YouTube!

    The MIL Network –

  • MIL-OSI Economics: Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Source: GlobalData

    Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Posted in Thematic Intelligence

    Intelligent automation goes beyond traditional automation systems by integrating artificial intelligence (AI) to manage more complex business processes. It drives innovation and creativity, making it essential for organizations looking to stay competitive in today’s market. The intelligent automation market is set to grow from $18 billion in 2023 to $47 billion in 2030, driven by advancements in AI, particularly the rapid adoption of generative AI (GenAI), according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Thematic Intelligence: Intelligent Automation,” reveals that AI is now integrated across most facets of intelligent automation. This new era of automation goes beyond simple task execution, allowing systems to analyze data, make decisions, and learn from interactions. This boosts efficiency and fosters innovation, potentially leading to a future where software bots not only perform tasks but also drive strategic growth and creativity.

    Nicklas Nilsson, Consultant, Strategic Intelligence at GlobalData, comments: “Intelligent automation is transforming how businesses operate, not just enhancing efficiency but fundamentally reshaping processes through AI-driven innovation. As automation evolves into a strategic asset for organizations, it unlocks new areas of creativity and growth. Companies that embrace this transformation will be better positioned to navigate the demands of an ever-changing business landscape.”

    GenAI has emerged as a key driver in intelligent automation, expanding the scope of automatable tasks and empowering non-technical employees to create their own solutions. In the past year, every major player in the field added GenAI capabilities through integrations with well-known solutions like ChatGPT and the development of bespoke copilot tools, allowing businesses to speed up innovation and broaden access to automation.

    Nilsson continues: “GenAI’s ability to generate new, contextually relevant content from simple prompts has opened many possibilities. By democratizing access and empowering employees without technical expertise to craft solutions, it accelerates innovation and boosts productivity across organizations. However, it is essential that companies establish strong governance frameworks to ensure these tools are used securely and effectively.

    Despite its benefits, GenAI faces challenges related to governance, security, and compliance. As automation becomes more advanced, companies will need to implement stricter controls to protect sensitive data and ensure their systems comply with industry regulations.

    Nilsson concludes: “The future of intelligent automation will depend on a delicate balance between innovation and governance. As AI continues to evolve, businesses must ensure that their automation strategies are secure, compliant, and equipped to handle the complexity of modern business operations.”

    MIL OSI Economics –

  • MIL-OSI Economics: Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Source: GlobalData

    Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Posted in Business Fundamentals

    A total of 36,992 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during January to September (Q1-Q3) 2024, which represents a 12.5% year-on-year (YoY) decline over 42,288 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database disclosed that the volume of M&A deals declined by 6.7% during Q1-Q3 2024 compared to Q1-Q3 2023 while the number of private equity deals and venture financing deals experienced YoY fall of 8.9% and 22.2%, respectively.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The majority of the decline in global deal activity came from Q1 and Q2 while the impact was relatively much lesser in Q3. Although the deal activity continued to remain subdued in 2024, the impact seems to be diminishing in recent months or quarters. For instance, the decline in Q3 2024 compared to Q3 2023 remained at just 1%, whereas when compared between Q1 2024 and Q1 2023, the decline stood much higher at around 20% in Q1 2024.

    “The relatively lesser decline could be attributed to improving deal-making sentiments in some regions. In fact, the trend across regions also remained a mixed bag during Q1-Q3 2024, with regions like Asia-Pacific showcasing just a single-digit decline while North America experienced a double-digit decline.”

    North America experienced a 16% YoY decrease in the number of deals announced during Q1-Q3 2024 compared to Q1-Q3 2023, whereas Europe, Asia-Pacific, Middle East and Africa, and South and Central America regions saw respective deal volume fall by 13.6%, 6.8%, 7.6%, and 22.3% YoY.

    Bose adds: “Deal activity across several countries also remained a mixed bag, with some experiencing significant decline and some witnessing relatively lesser decline while few markets experienced improvement.”

    For instance, the US, the UK, China, Canada, Germany, France, Italy, the Netherlands, Spain, and Sweden witnessed YoY decline in deal volume by 15.4%, 7.2%, 22.8%, 21%, 17.9%, 30.8%, 9.4%, 16.7%, 20.2%, and 16%, respectively, during Q1-Q3 2024. Meanwhile, India, Japan, and Australia witnessed deal volume improve by 9.6%, 16.2%, and 2.2% during Q1-Q3 2024 compared to Q1-Q3 2023, respectively.

    MIL OSI Economics –

  • MIL-OSI Banking: Global travel and tourism deal activity down by 11% YoY during Q1-Q3 2024, finds GlobalData

    Source: GlobalData

    Global travel and tourism deal activity down by 11% YoY during Q1-Q3 2024, finds GlobalData

    Posted in Business Fundamentals

    A total of 519 deals (comprising mergers and acquisitions (M&A), private equity, and venture financing deals) were announced in the travel and tourism sector globally during January to September (Q1-Q3) 2024, which was a year-on-year (YoY) decline of 11% over 583 deals announced during the same period in the previous year, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database also revealed that the volume of M&A deals decreased by 6.8% during Q1-Q3 2024 compared to the same period in 2023, while the number of venture financing deals was down by 25.2% YoY. Meanwhile, private equity deals volume remained unchanged.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The decline in global travel and tourism deal activity was mostly driven by a significant fall  in deals volume in some regions and countries, while deal activity remained relatively better for some other regions and countries. In fact, some regions and countries even showcased double-digit growth in deal volume, which seems to be an indication of improving deal-making sentiments.”

    North America, Asia-Pacific, and South and Central American regions experienced decline in deal volume by 36%, 7.7%, and 20% during Q1-Q3 2024 compared to Q1-Q3 2023. In contrast, Europe registered 10.3% YoY improvement in deal activity. Meanwhile, deal volume for the Middle East and African region mostly remained at the same level.

    Similarly, the trend across different countries also remained a mixed bag. The US, China, and France witnessed YoY decline in deal volume by 36.3%, 38.5%, and 42.9%, respectively, during Q1-Q3 2024, whereas India and Japan experienced respective deal volume improve by 24.3% and 38.1% YoY. Meanwhile, deal volume for the UK, South Korea, and Australia mostly remained at the same level.

    Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain

    MIL OSI Global Banks –

  • MIL-OSI Banking: Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Source: GlobalData

    Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Posted in Business Fundamentals

    A total of 36,992 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during January to September (Q1-Q3) 2024, which represents a 12.5% year-on-year (YoY) decline over 42,288 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database disclosed that the volume of M&A deals declined by 6.7% during Q1-Q3 2024 compared to Q1-Q3 2023 while the number of private equity deals and venture financing deals experienced YoY fall of 8.9% and 22.2%, respectively.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The majority of the decline in global deal activity came from Q1 and Q2 while the impact was relatively much lesser in Q3. Although the deal activity continued to remain subdued in 2024, the impact seems to be diminishing in recent months or quarters. For instance, the decline in Q3 2024 compared to Q3 2023 remained at just 1%, whereas when compared between Q1 2024 and Q1 2023, the decline stood much higher at around 20% in Q1 2024.

    “The relatively lesser decline could be attributed to improving deal-making sentiments in some regions. In fact, the trend across regions also remained a mixed bag during Q1-Q3 2024, with regions like Asia-Pacific showcasing just a single-digit decline while North America experienced a double-digit decline.”

    North America experienced a 16% YoY decrease in the number of deals announced during Q1-Q3 2024 compared to Q1-Q3 2023, whereas Europe, Asia-Pacific, Middle East and Africa, and South and Central America regions saw respective deal volume fall by 13.6%, 6.8%, 7.6%, and 22.3% YoY.

    Bose adds: “Deal activity across several countries also remained a mixed bag, with some experiencing significant decline and some witnessing relatively lesser decline while few markets experienced improvement.”

    For instance, the US, the UK, China, Canada, Germany, France, Italy, the Netherlands, Spain, and Sweden witnessed YoY decline in deal volume by 15.4%, 7.2%, 22.8%, 21%, 17.9%, 30.8%, 9.4%, 16.7%, 20.2%, and 16%, respectively, during Q1-Q3 2024. Meanwhile, India, Japan, and Australia witnessed deal volume improve by 9.6%, 16.2%, and 2.2% during Q1-Q3 2024 compared to Q1-Q3 2023, respectively.

    MIL OSI Global Banks –

  • MIL-OSI Economics: mRNA licensing agreements surge 800% in value as confidence grows beyond vaccines, reveals GlobalData

    Source: GlobalData

    mRNA licensing agreements surge 800% in value as confidence grows beyond vaccines, reveals GlobalData

    Posted in Business Fundamentals

    Messenger ribonucleic acid (mRNA)-based innovator pharmaceuticals saw a staggering 800% increase in licensing agreement deal values from 2019 to 2024YTD, driven by the remarkable success of mRNA vaccines during the COVID-19 pandemic. With growing confidence in this transformative technology, key companies are investing heavily in its potential to address unmet medical needs, indicating that mRNA will remain a critical focus for pharmaceutical innovation and development, says GlobalData, a leading data and analytics company.

    Ophelia Chan, Business Fundamentals Senior Analyst at GlobalData, comments: “The COVID-19 pandemic highlighted the key advantages of mRNA technology in vaccine development, including rapid production, precise immune targeting, and streamlined manufacturing- factors that drove the success of mRNA-based COVID-19 vaccines.”

    Since the FDA approved Pfizer’s Comirnaty in August 2021, the first mRNA vaccine to achieve global market entry, rising licensing agreement values have reflected growing confidence in mRNA technology’s broader potential beyond vaccines, marking a pivotal shift in its applications across the pharmaceutical landscape.

    According to GlobalData’s Drugs Database, the global sales of innovator mRNA-based drugs are expected to grow from $22 billion in 2023 to $26.2 billion in 2030.

    Chan adds: “Licensing agreement deal values for mRNA-based pharmaceuticals have doubled since 2023, reaching $3.8 billion, as major players like GSK and Bristol Myers Squibb invest in mRNA therapeutics to address unmet medical needs.”

    GSK and CureVac restructured their 2020 collaboration into a new licensing agreement worth up to $1.57 billion in July 2024. This deal focuses on the development, manufacturing, and commercialization of mRNA vaccine candidates for influenza and COVID-19, spanning from preclinical to Phase II trials.

    Bristol Myers Squibb formed a multi-year, $1.87 billion strategic collaboration with Repertoire Immune Medicines in April 2024 to develop mRNA-based tolerizing vaccines for up to three autoimmune diseases, including type 1 diabetes and multiple sclerosis, along with other vaccine candidates.

    The US Department of Health and Human Services (HHS) recently allocated $176 million to Moderna for the development of mRNA-based vaccines targeting multiple strains of pandemic influenza. This investment highlights HHS’s focus on pandemic preparedness, reinforcing the versatility and potential of mRNA platforms.

    Chan concludes: “The increase in licensing agreement values for mRNA pharmaceuticals indicates that this will continue to be a key area for innovation and investment. With advancements in mRNA technology and delivery systems, drugmakers have significant opportunities to expand their portfolios, paving the way for breakthroughs in treating various diseases.”

    Note: Includes all announced and completed deals for companies headquartered globally from 2020–2024YTD as a percentage growth from the baseline year 2019. Includes deals where at least one drug involved is an innovator mRNA-based drug where Marketed, Pre-Registration, Phase III, Phase II, Phase I, Preclinical, and Discovery stages are considered. Includes deal values disclosed in the public domain. YTD= Year to date.

    MIL OSI Economics –

  • MIL-OSI Banking: Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Source: GlobalData

    Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Posted in Thematic Intelligence

    Intelligent automation goes beyond traditional automation systems by integrating artificial intelligence (AI) to manage more complex business processes. It drives innovation and creativity, making it essential for organizations looking to stay competitive in today’s market. The intelligent automation market is set to grow from $18 billion in 2023 to $47 billion in 2030, driven by advancements in AI, particularly the rapid adoption of generative AI (GenAI), according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Thematic Intelligence: Intelligent Automation,” reveals that AI is now integrated across most facets of intelligent automation. This new era of automation goes beyond simple task execution, allowing systems to analyze data, make decisions, and learn from interactions. This boosts efficiency and fosters innovation, potentially leading to a future where software bots not only perform tasks but also drive strategic growth and creativity.

    Nicklas Nilsson, Consultant, Strategic Intelligence at GlobalData, comments: “Intelligent automation is transforming how businesses operate, not just enhancing efficiency but fundamentally reshaping processes through AI-driven innovation. As automation evolves into a strategic asset for organizations, it unlocks new areas of creativity and growth. Companies that embrace this transformation will be better positioned to navigate the demands of an ever-changing business landscape.”

    GenAI has emerged as a key driver in intelligent automation, expanding the scope of automatable tasks and empowering non-technical employees to create their own solutions. In the past year, every major player in the field added GenAI capabilities through integrations with well-known solutions like ChatGPT and the development of bespoke copilot tools, allowing businesses to speed up innovation and broaden access to automation.

    Nilsson continues: “GenAI’s ability to generate new, contextually relevant content from simple prompts has opened many possibilities. By democratizing access and empowering employees without technical expertise to craft solutions, it accelerates innovation and boosts productivity across organizations. However, it is essential that companies establish strong governance frameworks to ensure these tools are used securely and effectively.

    Despite its benefits, GenAI faces challenges related to governance, security, and compliance. As automation becomes more advanced, companies will need to implement stricter controls to protect sensitive data and ensure their systems comply with industry regulations.

    Nilsson concludes: “The future of intelligent automation will depend on a delicate balance between innovation and governance. As AI continues to evolve, businesses must ensure that their automation strategies are secure, compliant, and equipped to handle the complexity of modern business operations.”

    MIL OSI Global Banks –

  • MIL-OSI Banking: mRNA licensing agreements surge 800% in value as confidence grows beyond vaccines, reveals GlobalData

    Source: GlobalData

    mRNA licensing agreements surge 800% in value as confidence grows beyond vaccines, reveals GlobalData

    Posted in Business Fundamentals

    Messenger ribonucleic acid (mRNA)-based innovator pharmaceuticals saw a staggering 800% increase in licensing agreement deal values from 2019 to 2024YTD, driven by the remarkable success of mRNA vaccines during the COVID-19 pandemic. With growing confidence in this transformative technology, key companies are investing heavily in its potential to address unmet medical needs, indicating that mRNA will remain a critical focus for pharmaceutical innovation and development, says GlobalData, a leading data and analytics company.

    Ophelia Chan, Business Fundamentals Senior Analyst at GlobalData, comments: “The COVID-19 pandemic highlighted the key advantages of mRNA technology in vaccine development, including rapid production, precise immune targeting, and streamlined manufacturing- factors that drove the success of mRNA-based COVID-19 vaccines.”

    Since the FDA approved Pfizer’s Comirnaty in August 2021, the first mRNA vaccine to achieve global market entry, rising licensing agreement values have reflected growing confidence in mRNA technology’s broader potential beyond vaccines, marking a pivotal shift in its applications across the pharmaceutical landscape.

    According to GlobalData’s Drugs Database, the global sales of innovator mRNA-based drugs are expected to grow from $22 billion in 2023 to $26.2 billion in 2030.

    Chan adds: “Licensing agreement deal values for mRNA-based pharmaceuticals have doubled since 2023, reaching $3.8 billion, as major players like GSK and Bristol Myers Squibb invest in mRNA therapeutics to address unmet medical needs.”

    GSK and CureVac restructured their 2020 collaboration into a new licensing agreement worth up to $1.57 billion in July 2024. This deal focuses on the development, manufacturing, and commercialization of mRNA vaccine candidates for influenza and COVID-19, spanning from preclinical to Phase II trials.

    Bristol Myers Squibb formed a multi-year, $1.87 billion strategic collaboration with Repertoire Immune Medicines in April 2024 to develop mRNA-based tolerizing vaccines for up to three autoimmune diseases, including type 1 diabetes and multiple sclerosis, along with other vaccine candidates.

    The US Department of Health and Human Services (HHS) recently allocated $176 million to Moderna for the development of mRNA-based vaccines targeting multiple strains of pandemic influenza. This investment highlights HHS’s focus on pandemic preparedness, reinforcing the versatility and potential of mRNA platforms.

    Chan concludes: “The increase in licensing agreement values for mRNA pharmaceuticals indicates that this will continue to be a key area for innovation and investment. With advancements in mRNA technology and delivery systems, drugmakers have significant opportunities to expand their portfolios, paving the way for breakthroughs in treating various diseases.”

    Note: Includes all announced and completed deals for companies headquartered globally from 2020–2024YTD as a percentage growth from the baseline year 2019. Includes deals where at least one drug involved is an innovator mRNA-based drug where Marketed, Pre-Registration, Phase III, Phase II, Phase I, Preclinical, and Discovery stages are considered. Includes deal values disclosed in the public domain. YTD= Year to date.

    MIL OSI Global Banks –

  • MIL-OSI Russia: Rosneft Completes Reconstruction of Ob River Embankment in Nizhnevartovsk, 1.2 km Long

    MILES AXLE Translation. Region: Russian Federation –

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

    A large-scale project to create a new look for the Ob River embankment, the calling card of Nizhnevartovsk and a favorite place for city residents to relax, was implemented within the framework of an agreement between Rosneft Oil Company and the government of the Khanty-Mansiysk Autonomous Okrug of Yugra.

    The construction of the embankment was preceded by engineering arrangement of the coastline. Strengthening with metal structures and reinforced concrete retaining walls with waterproofing and artificial stone cladding was carried out. The drainage system is arranged taking into account the features of the relief, the level of underground waters and the depth of soil freezing.

    The embankment is landscaped while preserving the natural relief of the area. Coverings for walking, running and cycling paths have been created. Viewing platforms, recreation areas with sun loungers and swings have been built in the walking areas. Lawns for family recreation have been profiled on the slopes. Modern play complexes made of environmentally friendly materials have been installed for children, which support the visual concept of the embankment.

    Several locations are intended for holding cultural events – an open amphitheater, an exhibition complex and an area for holding folk craft fairs have been built on the boulevard. The entire embankment area is accessible to people with limited mobility.

    Volunteers of Samotlorneftegaz and activists of the Movement of the First, who planted greenery, took part in the grand opening of the embankment. The organizers held a sports and musical warm-up for them.

    Rosneft implements social projects aimed at creating favorable living conditions in the regions of its presence. In particular, it supports initiatives in the field of creating a comfortable urban environment.

    Reference:

    Samotlorneftegaz is one of Rosneft’s key production enterprises, developing the Samotlor field, the largest in Russia. Under the agreement between Rosneft and the government of Khanty-Mansiysk Autonomous Okrug – Yugra, the company actively participates in the social development of the region. Thanks to the support of Samotlorneftegaz, over the past three years, more than 20 significant social infrastructure facilities have been opened in the region.

    Among the largest are the buildings of the largest school in Nizhnevartovsk for 1,725 children and two kindergartens, a rollerdrome, the youth club “EcoQuant”, the technopark “EngineerUm”. An ice rink was built in the Nizhnevartovsk region, and a universal sports complex in Khanty-Mansiysk.

    Samotlorneftegaz also supported the program to ensure Internet accessibility for the indigenous peoples of the Khanty-Mansiysk Autonomous Okrug-Yugra. About 2 thousand residents of ancestral lands received a connection to the World Wide Web.

    Department of Information and Advertising of PJSC NK Rosneft October 16, 2024

    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.

    http://vvv.rosneft.ru/press/nevs/item/220921/

    MIL OSI Russia News –

  • MIL-OSI Russia: Rosneft enterprises became laureates of the National Award “Corporate Museum”

    MILES AXLE Translation. Region: Russian Federation –

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

    Five Rosneft subsidiaries have won the VI National Award “Corporate Museum”. The award ceremony took place in Nizhny Novgorod. It was attended by 250 delegates from all over the country and neighboring countries.

    Rosneft actively participates in significant events in Russian cultural life and supports projects aimed at reviving the country’s spiritual and national values.

    The Corporate Museum competition consisted of two stages – expert evaluation and project defense. Participants from 51 cities of Russia, the Republic of Belarus and the Republic of Azerbaijan presented 107 projects in various nominations.

    RN-Uvatneftegaz won a second-degree diploma in the New Exposition category. The company’s corporate museum was opened eight years ago. It regularly hosts excursions for schoolchildren, including those from Rosneft Classes and the First Movement, students of specialized specialties from universities and industry veterans. At the exposition, visitors can see unique historical exhibits, as well as a model of an oil field, which presents key production and social facilities. In addition, the exhibition hall has a virtual hologram guide. This year, the museum has already been visited by more than 350 guests.

    Bashneft was awarded a 3rd degree diploma in the Discovery of the Year category. The creation of the corporate exposition is timed to coincide with an important anniversary date: in 2022, the oil industry of Bashkortostan celebrated its 90th anniversary. The exhibition introduces its guests to the history of Bashkir oil and demonstrates the achievements of oil workers. The museum has become a single platform for holding corporate, educational and career guidance events.

    Angarsk Petrochemical Company received a 3rd degree diploma in the nomination “Best Corporate Museum”. The museum was founded in 1988. Its exposition presents the entire history of the enterprise: from a fragment of the layout of the construction sites of Combine-16 (the future ANHK) to the products of modern production. The collection has over 34 thousand exhibits. The most interesting of them are equipped with QR codes, with the help of which you can get additional information in the mobile application. In the display cases of the halls there are numerous awards, diplomas, cups that ANHK teams were awarded. On the stands are the names of the pioneers, on TV screens are films about the historical past and about modern realities.

    The Saratov Oil Refinery was awarded a 3rd degree diploma in the nomination “Corporate Social Responsibility”. The museum, founded in 1985, is a modern, multifunctional exhibition complex. It hosts excursions, career guidance events, thematic meetings and classes, round tables, screenings of historical films and award ceremonies for the company’s employees.

    Syzran Oil Refinery received a 3rd degree diploma in the nomination “Best educational projects of a corporate museum”. The museum and presentation complex, opened on May 9, 2019, consists of two halls: a historical hall and a presentation hall. The historical hall displays exhibits and art objects, as well as multimedia kiosks that show video materials from different years and interactive notes about the plant. The presentation hall can easily be transformed into a cinema hall or a place for holding meetings, gatherings, and training seminars.

    Reference:

    The National Award “Corporate Museum” is held with the support of the Ministry of Culture of the Russian Federation and the Russian Committee of the International Council of Museums.

    The competition is aimed at developing project practices in the field of corporate social responsibility of enterprises, updating industrial heritage and popularizing historical and cultural values of Russian companies. Over 6 seasons, 675 projects from 345 participants were presented.

    Department of Information and Advertising of PJSC NK Rosneft October 16, 2024

    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.

    http://vvv.rosneft.ru/press/nevs/item/220920/

    MIL OSI Russia News –

  • MIL-OSI Economics: Huawei Globally Unveils Intelligent Campus 2030 White Paper

    Source: Huawei

    Headline: Huawei Globally Unveils Intelligent Campus 2030 White Paper

    [Dubai, UAE, October 16, 2024] During GITEX Global 2024, Huawei released the Intelligent Campus 2030 white paper for markets outside China at the forum Redefining Intelligent Campus with ICTs, Maximizing Enterprises’ Intelligent Productivity with Xinghe Intelligent Campus. This white paper envisions the future of the intelligent campus.
    David Shi, Vice President of Huawei’s ICT Marketing & Solution Sales Dept, delivered an opening speech at the forum. He highlighted that as digital technology advances, the intelligent connectivity of everything will become a reality, which will allow campuses to be fully digital and intelligent. He added that future campuses will become fully perceptible, collaborative, and constantly online smart buildings that are capable of self-learning, self-troubleshooting, and making decisions and executing them independently. “Huawei is committed to bringing digital to every campus for pervasive intelligence and has been deeply involved with intelligent campuses for many years. We have proposed to redefine campuses with ICTs and have leveraged the advantages of our product portfolios to reshape campus connectivity, platform, and business. Up to now, we have helped over 1000 customers worldwide build secure, green, digital, and intelligent campuses,” said David Shi.
    David Shi, Vice President of ICT Marketing & Solution Sales Dept, Huawei

    Eric He, CEO of Huawei Campus Team, said in his speech that revolutions in energy and information take us closer to the intelligent world, where campuses will play a crucial role. As Eric He explains, we have entered the stage of intelligent campus 2.0, which is 10 Gbps, digital, intelligent, and green. During this stage, campus networks will evolve from simply transmitting data to providing quality connections, campus platforms will move beyond integrating IoT to providing data intelligence, and extensive business management will be upgraded to low-carbon operations. “Relying on ICTs to redefine campuses, Huawei looks forward to working with customers and industry peers to innovate as well as envision and build intelligent campus 2030,” he said.
    Eric He, CEO of Huawei Campus Team

    Hawn Zhao, President of the Campus Network Domain, Data Communication Product Line, Huawei, introduced Huawei’s Xinghe Intelligent Campus Solution at the forum. As enterprises are witnessing a surge in the number of devices and video conferences, their digital and intelligent office requires improved network performance, security, experiences, and O&M. Huawei’s all-scenario Wi-Fi 7 products can strengthen signals by 100% and improve concurrency by 50%. In addition, Huawei’s application experience assurance solution ensures smooth video conferences and protects VIP services from being compromised, while the Wi-Fi Shield prevents data eavesdropping to ensure 100% network security.
    Helping Customers Advance Digital and Intelligent Transformation
    Ibrahim Al Kindi, IT Director of the Arab Authority for Agricultural Investment and Development (AAAID), shared AAAID’s experience in intelligent campus construction. AAAID and Huawei have collaborated to enhance its office experiences in five areas: seamless access, intelligent office conferences, full wireless network coverage, AI-based building control, and centralized IoT device access. Ibrahim Al Kindi stated that this is just the beginning of a new era of intelligent office, and AAAID will continue to explore the digital and intelligent transformation of the office field.
    Fahad Daghriri, Chief Information Officer of Technical and Vocational Training Corporation (TVTC) in Saudi Arabia, shared how TVTC built an intelligent campus network with the help of Huawei. This network allows for wide coverage, high performance, and efficient O&M, improving mobile office for teachers and studying for students. “Our collaboration aims to achieve a win-win situation, promote digital transformation, build a one-stop campus network, create a smart education platform, and lay a solid foundation for long-term development,” said Fahad Daghriri.
    Releasing the Intelligent Campus 2030 White Paper
    Huawei globally unveils the Intelligent Campus 2030 white paper

    The campus is a basic unit in the making of a city. It is the main place where people live and work. It acts as an important carrier to boost the digital economy, and a key point to realize green and low-carbon transformation. In recent years, the industry has conducted in-depth exploration and cultivated practices surrounding the intelligent campus. Huawei, along with industry experts and scholars, provides insights into its future in the Intelligent Campus 2030 white paper.
    Based on the insights into and practices of global intelligent campuses, this white paper proposes a far-sighted definition of future intelligent campus along with visions for its advancement. It outlines five trends that affect intelligent campus development, systematically depicts 10 typical future scenarios, and defines six key technical features of future intelligent campuses for the first time. Innovatively, the white paper proposes a unique reference architecture for the intelligent campus and 22 quantitative indicators to predict the prospects of intelligent campuses, guiding their implementation and construction.
    Click the link to read more about the white paper: https://www.huawei.com/en/giv/intelligent-campus-2030

    MIL OSI Economics –

  • MIL-OSI: Vienna Insurance Group Subscribes to Intermap’s Real Estate Solution

    Source: GlobeNewswire (MIL-OSI)

    Enhancing data transparency in the Czech real estate market

    Providing insurers with reliable and accurate property valuation for underwriting

    DENVER, Oct. 16, 2024 (GLOBE NEWSWIRE) — Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced that Česká podnikatelská pojišťovna (ČPP), a subsidiary of the Vienna Insurance Group, has subscribed to Intermap’s innovative solution for determining the market price of real estate properties.

    Intermap and its partner Dataligence recently launched a solution that combines Intermap’s data and analytics for underwriting, reinsurance and claims with Dataligence’s world-class pricing and real estate databases. ČPP, a long-term user of Intermap’s Aquarius RMA, is the newest major EU insurance group customer to adopt this innovative solution.

    This advanced property valuation process meets the growing demand for digitized property services in the Czech market, improving transparency in real estate data.

    By utilizing Intermap’s up-to-date flood and natural hazard maps within its Aquarius RMA software, alongside Dataligence’s extensive real estate data, this solution enables accurate online property valuation. It processes comprehensive databases of flood, natural hazard, and real estate information to streamline transactions, providing insurers with reliable and precise property valuations for underwriting purposes.

    “We chose this innovative solution because it will make it easier and more convenient for our clients to arrange insurance. At the same time, we see our partners as technology leaders whose data is accurate, robust and reliable,” said Michal Šimon, manager of non-life insurance at Česká podnikatelská pojišťovna.

    “We are always excited when we find new ways to use our world-class pricing and real estate datasets,” said Milan Roček, founder and CEO of Dataligence. “Last year, we made our innovative tools available to the general public through the http://www.hypox.cz app, and the continued integration of online pricing into insurance companies’ systems embodies our vision for modern insurance and real estate services, where clients don’t have to worry about anything, yet their assets are reliably protected.”

    “Intermap’s solutions for the insurance market use proprietary datasets that are integrated into insurance processes to provide insurers with comprehensive tools that can be used throughout a portfolio lifecycle,” said Patrick A. Blott, Intermap Chairman and CEO. “Our state-of-the-art software, analytics and data enable insurers to understand and underwrite natural hazard risks, then leverage data intelligence to actively manage and reinsure risk with attractive margins.”

    Intermap’s services are more important than ever. According to Resources for the Future, “the private residential flood insurance market in the United States is currently small relative to the NFIP. We estimate that private flood insurance accounts for roughly 3.5 to 4.5 percent of all primary residential flood policies currently purchased.” With historic flooding recently, this demonstrates the need for dramatic increase in coverage. CoreLogic “estimates Hurricane Helene industry insured loss at $10.5B – $17.5B. Uninsured losses are estimated at $20B – $30B.” Moody’s RMS Event Response estimates total U.S. private market insured losses from the recent Hurricanes Helene and Milton will likely range between US$35 billion and US$55 billion. This estimate is for insured losses associated with wind, storm surge, and precipitation-induced flooding from these events.”

    In Europe, the flood protection gap is 25%. Recent European Commission studies “show that insurance premiums written should at least be doubled to reach a harmonized level of penetration equal to 50%.” Intermap is uniquely positioned to meet this demand and address this need.

    To learn more about Intermap’s European solutions, visit intermap.com/european-solutions.

    Intermap Reader Advisory
    Certain information provided in this news release, including reference to revenue growth and run-rate, constitutes forward-looking statements. The words “anticipate”, “expect”, “project”, “estimate”, “forecast”, “will be”, “will consider”, “intends” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

    About ČPP
    Česká podnikatelská pojišťovna (ČPP), a subsidiary of the Vienna Insurance Group, is a universal insurance company that offers its clients modern products and comprehensive insurance solutions in life and non-life insurance. The company operates through 6 regional headquarters, 100 branches and 220 offices throughout the Czech Republic. It has been operating on the Czech insurance market since 1995. Currently, ČPP manages 2.4 million contracts and its services are used by more than 1.3 million clients. ČPP is one of the Czech top five largest insurance companies.

    About Dataligence
    The investment group Trigema bought a majority stake in CenovaMapa.org in 2022, largest real estate data platform on the Czech market. The cooperation has already resulted in a new application for end customers, http://www.hypox.cz, as well as the development of existing Dataligence platforms. Over the past few years, Dataligence, with the help of consulting company Deloitte, has become the most important provider of online real estate valuation data in the Czech Republic. For more information, please visit http://www.dataligence.cz.

    About Intermap Technologies
    Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the Company provisions diverse, complementary, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap’s 3D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world’s largest collection of multi-sensor global elevation data, the Company’s collection and processing capabilities provide multi-source 3D datasets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap’s products and solutions include defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation.

    For more information, please visit http://www.intermap.com or contact:
    Jennifer Bakken
    Executive Vice President and CFO
    CFO@intermap.com
    +1 (303) 708-0955

    Sean Peasgood
    Investor Relations
    Sean@SophicCapital.com
    +1 (647) 260-9266

    The MIL Network –

  • MIL-OSI: Angus Gold Successfully Targets High-grade Gold in BIF-Hosted Gold System; Intersects 5.4 g/t Au over 3.0 metres and 6.0 g/t Au over 1.8 metres, within broader envelope of 111 metres grading 1.0 g/t Au Golden Sky Project, Wawa

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) — Angus Gold Inc. (TSX-V: GUS | OTC: ANGVF) (“Angus” or the “Company”) is pleased to announce assay results from the first four (4) exploration holes that were completed on the BIF Gold Zone as part of its August 2024 drill program at the Golden Sky Project in Wawa, Ontario.

    Highlights:

    • The main focus of the 2024 drill program was to improve both our understanding of the size of the BIF Gold Zone and the geometry of higher-grade ore shoots at depth.
    • Down-plunge drilling results at the BIF Gold Zone indicate the mineralized system is thick and continuous:
      • Hole GS24-157 returned 111.0 metres of mineralization grading 1.0 g/t Au, including 5.4 g/t Au over 3.0 metres and 6.0 g/t Au over 1.8 metres.
    • All down-plunge drilling results provided useful information for interpreting the preferred orientation of higher-grade ore shoots at depth to improve future targeting.
    • New gold mineralization intersected at 270 metres true depth:
      • Hole GS24-156 returned 9.6 metres of mineralization grading 1.1 g/t Au, indicating the system has significant depth potential.
    • Additional BIF Gold Zone drilling results expected in the coming weeks.

    Breanne Beh, Chief Executive Officer of Angus, states: “We are very pleased with the results so far from our 2024 BIF drilling program, with additional results expected in the coming weeks. These four holes were designed specifically to improve our understanding of the size and geometry of the mineralization at the BIF Gold Zone. The results of GS-24-157 are incredibly encouraging as we were able to gain a better understanding of just how large this BIF-hosted gold system could potentially be. Within the mineralized intervals we had over a dozen high-grade samples between 2 and 8 g/t Au, confirming the potential for higher-grade shoots. We are currently modeling these results in 3D to identify preferred orientations of the high-grade mineralization. In addition, the discovery of another zone of mineralization at depth in GS-24-156 is very encouraging as it indicates the continued exploration potential of the 6.0 kilometres of banded iron formation present on the Golden Sky property. BIF-hosted gold deposits are extremely complex, however, we have made significant progress over a relatively short period of time. These current results were successful in providing the information we need to advance our model another step forward and will allow us to plan our next drill program to begin defining the high-grade zones.”  

    The 2024 drilling program on the BIF was designed to test new hypotheses regarding the structural controls on the gold mineralization. The four (4) drill holes published in this press release were designed with the intention of understanding the size of the low-grade envelope of gold mineralization in the BIF Gold Zone in addition to, improving the understanding of the geometry of the apparent high-grade ore shoots plunging within. All four holes returned numerous intersections of > 2.0 g/t Au material within a broad envelope of low-grade gold mineralization. This information is now being used to help improve the modelling of what were thought to be repeated high-grade ore shoots. Hole GS-24-157 was most successful at defining the extents of the gold system with two separate intersections of gold mineralization grading 1.0 g/t Au, one of 12.0 metres and the second of 111.0 metres, including a dozen high-grade intercepts >2.0 g/t Au. With these results we can begin to visualize how large the BIF Gold Zone system is. The thickness and continuity of the results continue to indicate strong potential for the area to host significant BIF-hosted gold mineralization.

    In addition, hole GS-24-156 was successful at intersecting a new zone of gold mineralization grading 0.8 g/t Au over 16.9 metres, including 2.3 g/t Au over 1.0 metres and 2.4 g/t Au over 1.0 metres, at 270 metres true depth. This is the deepest hole that has been drilled on Angus’ BIF Gold Zone to date and indicates the continued potential for new zones of mineralization to be discovered.

    Similar to GS-24-157, holes GS-24-154, GS-24-155 and GS-24-156 returned a pattern of repeating > 2.0 g/t Au intersections within a broad envelope of lower-grade Au mineralization. These initial results are encouraging and indicate the potential for repeated or stacked ore shoots within the large mineralized system. Notable intersections are listed in the table below.

    Selected drill results from the 4 holes at the Golden Sky drilling program are, as follows:  

    Hole Number From (m) To (m) Length (m) Au g/t Area
    GS-24-154 10.9 14.0 3.1 1.6 BIF
    including 12.8 14.0 1.2 2.8
    GS-24-154 77.6 78.6 1.0 2.3
    GS-24-154 85.5 130.0 44.5 0.7
    including 98.0 99.0 1.0 3.7
    including 100.0 101.0 1.0 2.5
    including 103.0 104.0 1.0 2.9
    including 118.0 119.0 1.0 2.3
    including 122.0 123.0 1.0 2.5
    including 125.0 126.0 1.0 2.1
    GS-24-154 146.0 147.0 1.0 3.6
    GS-24-154 158.0 166.0 8.0 1.1
    GS-24-155 97.5 143.0 45.5 0.8 BIF
    including 99.0 100.9 1.9 2.0
    including 106.5 111.0 4.5 1.2
    including 114.0 121.0 7.0 1.0
    including 126.0 131.0 5.0 1.5
    GS-24-155 158.0 162.0 4.0 2.0
    GS-24-156 12.8 21.6 8.8 1.7 BIF
    including 15.2 20.1 4.9 2.9
    GS-24-156 82.1 89.0 6.9 1.0
    including 87.0 88.0 1.0 2.9
    GS-24-156 123.0 144.0 21.0 0.9
    including 123.0 127.0 4.0 2.0
    including 132.0 136.0 4.0 1.3
    including 141.0 142.0 1.0 2.3
    GS-24-156 269.0 285.9 16.9 0.8
    including 276.3 285.9 9.6 1.1
    including 278.0 279.0 1.0 2.3
    including 283.9 284.9 1.0 2.4
    GS-24-157 50.0 62.0 12.0 1.0 BIF
    including 55.7 56.4 0.7 5.5
    including 60.0 61.0 1.0 2.4
    GS-24-157 107.0 218.0 111.0 1.0
    including 108.0 109.0 1.0 2.6
    including 112.0 113.0 1.0 2.3
    including 115.0 116.0 1.0 2.7
    including 131.0 133.0 2.0 3.8
    including 139.0 141.0 2.0 4.7
    including 145.5 147.0 1.5 3.9
    including 158.0 160.0 2.0 2.9
    including 173.0 174.0 1.0 2.8
    including 179.0 182.0 3.0 5.4
    including 185.0 186.0 1.0 2.4
    including 202.0 203.8 1.8 6.0
    including 215.4 218.0 2.6 2.6

    (1) Assay results presented over core length. Additional drilling will be necessary to constrain the true width of the mineralized envelope of the gold system.

    Figure 1: Surface Map – BIF new drilling, Golden Sky Airborne Magnetics Map        

    The Golden Sky Project
    The 100%-owned Golden Sky Project is located within the Mishibishu Lake Greenstone Belt of Northern Ontario, which is host to Wesdome’s high-grade Eagle River and the Mishi open-pit gold mines. The Company’s 290-square-kilometres land package is located approximately 50 kilometres west of the town of Wawa and is situated immediately between the two Wesdome mines.

    The ongoing drill program on the Golden Sky Project is focused on the Dorset Gold Zone, which hosts a historic gold resource; the BIF Zone, a new gold zone discovery in a large banded iron formation; as well as the Eagle River Splay deformation zone, which shows potential for another extensive gold system. Angus’ drill programs on the near-surface Dorset Gold Zone have been successful at extending the strike length of the previously modelled zone from 750 metres to 1.7 kilometres. The Dorset Gold Zone historic estimated resource (using a 0.50 g/t Au cut-off) consists of an indicated resource of 40,000 ounces of gold (780,000 tonnes grading 1.4 g/t Au), and an inferred resource of 180,000 ounces of gold (4,760,000 tonnes grading 1.2 g/t Au). For greater details on the Golden Sky Project, please refer to the NI 43-101 technical report for the Golden Sky Project entitled, “NI 43-101 Technical Report Wawa Property Ontario, Canada” dated February 18, 2020, and available on the Company’s SEDAR profile.

    Qualified Person
    The scientific and technical content of this press release has been reviewed and approved by Breanne Beh, P.Geo, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and Chief Geologist for the Company.

    Quality Control
    During the last drilling program, assay samples were taken from the NQ core by sawing the drill core in half, with one-half sent to a certified commercial laboratory and the other half retained for future reference. A strict QA/QC program was applied to all samples; which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire-assayed with an atomic absorption finish on 50 grams of materials. Repeats were carried out by fire-assay followed by gravimetric testing on each sample containing 3.0 g/t gold or more.

    About Angus Gold:
    Angus Gold Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The Company’s flagship project is the Golden Sky Project in Wawa, Ontario. The Project is immediately adjacent to the Eagle River Mine of Wesdome Gold Mines Ltd. 

    On behalf of Angus Gold Inc.,

    Breanne Beh
    President and Chief Executive Officer

    INQUIRIES:
    Email: info@angusgold.com
    Phone: 647-259-1790
    Company Website: http://www.angusgold.com

    TSXV: GUS | USOTC: ANGVF

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

    Forward-Looking Statements

    This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to anticipate and counteract the effects of COVID-19 pandemic on the business of the Company, including without limitation the effects of COVID-19 on the capital markets, commodity prices supply chain disruptions, restrictions on labour and workplace attendance and local and international travel, failure to receive requisite approvals in respect of the transactions contemplated by the Agreement, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

    An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c968e7d-83e1-4ac1-a1fd-b55a9cb7a16a

    The MIL Network –

  • MIL-OSI: Form 8.3 – MUSICMAGPIE PLC

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: VELAY FINANCIAL SERVICES LTD
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 Not applicable
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 MUSICMAGPIE PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: Not applicable
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 15/10/2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 1p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled:        
    (2)   Cash-settled derivatives: 1 650 000 1.53    
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    		 1 650 000 1.53    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
           

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    1p ordinary Swap Increasing long position 1 000 000 0.08758 GBP

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

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
             

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

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    None

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

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

    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 16/10/2024
    Contact name: Arnaud STEPHANN
    Telephone number*: 00 41 22 707 42 70

    Additional dealing in this security:

    DATE Buy/Sell QTY Price
           
           

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

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

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

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

    The MIL Network –

  • MIL-OSI Russia: Moscow manufacturers have almost doubled their production volumes of high-tech products

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Today, there are about 370 enterprises in Moscow engaged in the production of computers, optics and electronics. Thanks to the active support of the city, they develop and bring innovative products to market, and also increase the range and volume of production. In just eight months of the year, companies have almost doubled the production of high-tech products compared to the same period in 2023. This was reported by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    “From January to August 2024, the capital saw a 96 percent increase in the production of computers, electronic and optical products. Shipments to customers increased by almost 40 percent and exceeded 386 billion rubles. Such results were achieved thanks to the support that the city provides to industrialists on behalf of Sergei Sobyanin. Today, companies have access to over 20 systemic tools, in particular, they can localize production in the territory of the special economic zone “Technopolis Moscow”, as well as obtain the status of a resident of the SEZ, attract a preferential investment loan or rent land for one ruble to implement a large-scale investment project,” said Maxim Liksutov.

    For example, last year thanks to Moscow Fund for Support of Industry and Entrepreneurship The capital’s optical equipment manufacturer was able to attract almost three billion rubles under the preferential investment lending program. The enterprise has the status of a resident of the special economic zone “Technopolis Moscow”. The funds received were used to purchase new equipment for the production of high-speed optical transceivers and create a test bench. The term of financial support is three years.

    “In the first eight months of 2024, Moscow saw an increase in the production of printed circuit boards, electronic computers, electricity production or consumption meters, semiconductor devices and much more. The products manufactured by the capital’s factories meet high quality standards and are in demand on the domestic and international markets. Thus, during the specified period, industrialists supplied customers with computers and peripheral equipment for more than 121 billion rubles, control and measuring and navigation devices for 117 billion rubles, and the volume of communications equipment shipped amounted to almost 68 billion rubles,” added the Minister of the Moscow Government, Head of the Moscow Department of Investment and Industrial Policy.

    Anatoly Garbuzov.

    In addition, manufacturers who want to enter foreign markets can benefit from the support of the Mosprom center. It offers information and methodological assistance, including verification of counterparties and participation in business missions and international exhibitions. Since 2022, with the support of the center, Moscow companies have found new partners in the markets of Latin America, Africa, the Middle East, Southeast Asia and other CIS countries.

    Moscow is the largest industrial and scientific-engineering center of Russia. There are more than 4.5 thousand industrial enterprises in the capital, employing over 750 thousand people. Every year, 150 new technology companies open here and dozens of investment projects are implemented, providing the city with additional jobs.

    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.

    http://vvv.mos.ru/nevs/item/145280073/

    MIL OSI Russia News –

  • MIL-OSI USA: Three UConn Business Students/Alums Helped Shape Network News, Entertainment Industry This Year

    Source: US State of Connecticut

    Business student Emily Laput ’26 (CLAS) created her own marketing and consulting firm when she was in high school. That impressed interviewers at NBC Universal in New York City, and helped her capture a coveted summer internship.

    Across the city, recent alum Peter Spinelli ’24 (BUS, CLAS), is working as a production intern at ABC News. He is passionate about increasing the percentage of Gen Z adults who watch TV news.

    And alumna Emilia Kwasniak ’24 (BUS) —a self-described “theater kid” who loved the Nickelodeon show “Victorious” when growing up—is now a long-term temporary employee at the first TV channel created exclusively for kids.

    Students Eager to Apply Business Knowledge in Creative Industries

    Professor Sami Ghaddar, of the Boucher Management & Entrepreneurship Department in the School of Business, says the news and entertainment industries have become increasingly attractive to UConn students because they offer a compelling combination of creativity, adaptability, and strategic opportunity.

    “The diversity of work within these industries is undoubtedly a key factor. The ability to work across various mediums and platforms allows our students to apply their business skills in dynamic and innovative ways,’’ he says. “Moreover, the versatility of a business degree is evident in how students can navigate these rapidly changing fields, leveraging their entrepreneurial mindset to succeed in new and exciting ways.’’

    Kelly Kennedy, Director of Transformative Learning at the School of Business, agreed. She’s meeting more business students who are looking for opportunities beyond traditional employment paths, reflecting a larger generational shift toward more personally meaningful work.

    “Creative industries need to hire analytical business students who are adaptable, driven, and can navigate a fast-paced environment with ease,’’ she says. “The proximity to New York City offers UConn business students both alumni networking opportunities and access to prestigious companies, making it easier to secure competitive internships. Their success speaks to the quality of our academic and experiential programs that equip our business Huskies with the confidence, tenacity, and grit to redefine work on their own terms.’’

    Emily Laput Applied for 200 Summer Jobs

    This summer, Laput, an honors student majoring in marketing and communications, worked as a corporate communications intern at NBC Universal in New York City. But getting a dream summer internship wasn’t an easy task.

    “Professor Kennedy forced me to think about what I want to do and where I want to be. I had worked at an energy nonprofit recently and wasn’t interested in the industry, but entertainment and media offered something new every day,’’ she says. “I applied for more than 200 summer positions, including 20 at NBC Universal, all with customized applications.’’

    She got five first-round interviews at NBC Universal, two second-round interviews, and then the offer.

    Emily Laput ’26 helped promoted a new Minions movie this year (contributed photo).

    “I think what helped me stand out is that in high school I created my own marketing and consultancy firm, and I did fundraising and event planning,’’ says Laput. “Creating my own opportunities really gave me a great start. I’m a junior and I enjoy forging my own opportunities and finding a path to get ahead.’’

    One of her favorite summer tasks was helping promote a new Minions movie, “Despicable Me 4.” Prior to the movie’s release on July 3, she led the creation of a “Day in the Life of a Minion” reel. A native of Beacon Falls, Laput had been the mascot at her high school, which gave her an edge in starting the project. She created an Instagram reel that showed the Minion at the Kelly Clarkson Show, watching a movie trailer, and even buying bananas at the company commissary.

    “This job brings me so much joy, it’s so cool,’’ she said over the summer. “Who else walks into work with the Today Show filming when you enter your office? I was on the Today Show elevator and [anchor] Hoda Kotb said hello to me. That made my day, my whole summer, actually.’’

    In addition, the network partnered with America’s VetDogs to socialize a puppy named Atlas, who will soon be placed with a veteran. Laput handled Atlas’ Instagram posts. She also worked on employee engagement projects and edited the company newsletters. She says the variety of work made the days interesting.

    “When I’d walk into work every day, I’d think, ‘This job was made for me!,’” she says. Originally leaning toward event planning, she now wants to work in internal communications and employee engagement.

    Laput says she’d advise other interns not to wait around for an assignment, but instead suggest projects that interest them.

    “If you have an idea, there’s no risk in throwing it out there. If it isn’t possible, move on,’’ she says. “I think what makes me different is that I ask for work, express interest in things, like video editing, and come up with ideas. If you express your career goals clearly, it lets others know what projects you would enjoy working on, and that’s more exciting.’’

    Peter Spinelli Believes It’s Important to Be Informed 

    Only 11% of Gen Z adults routinely watch the news on television. When Spinelli discovered that fact, as part of a research project for his Content Entrepreneurship class at UConn, he was disappointed.

    “Now that I’m of voting age, I think it is important to know what’s going on in your state and in your country. I want to make sure people are watching,’’ Spinelli says. He believes that 24-hour news streaming and social media can help leverage engagement.

    He has spent the last few months working as a production intern at ABC News in New York. His team recruits on-air talent for the network and some of its affiliates. Spinelli has traveled to journalism conferences in Chicago, Los Angeles, and Austin, Texas, to connect young journalists to the company.

    Peter Spinelli ’24 added journalism courses to his academic work during his senior year (contributed photo).

    “I feel lucky to be traveling with the team. I enjoy the recruiting aspect,’’ he says. “I could see myself being with this team permanently one day. But before I do, I want to gain experience in production.’’

    Spinelli has also vetted potential employees, reviewing their reels and previous work. He has learned more about what the company seeks in on-air talent and gained insight into the decision making that goes on behind the scenes.

    “Being a younger person in the room, they would ask me who I liked and what’s  appealing to a younger person. I appreciated being included in the discussion,’’ he says.

    Spinelli, a native of Shelton, had a marketing internship at a health-insurance company, but wasn’t enamored with the work. In 2023, he pursued an internship at WTNH in New Haven, and that fueled his interest in broadcast journalism and production. He helped reporters with their scripts, edited some videos, and got a chance to try many aspects of the business.

    “I’d be at an animal shelter one day, surrounded by puppies, and at the site of a shooting the next day,’’ he says. “It was fast-paced, and I loved that it was something different every day.’’

    In addition to his coursework as a double major in management and communication, Spinelli says serving as a UConn Tour Guide and as Vice President of the Undergraduate Student Government prepared him well for his current job.

    “As a tour guide, you’re working to present UConn in a positive light and answer questions about the university,’’ he says. “On the other side, the student government is often calling on the administration to do something better. During my time there, we created a food pantry because we knew there were students who were struggling and living on ramen. I have seen both sides.’’

    “Those two jobs both involved telling the student story, from recruiting to advocacy,’’ he says. “Those two experiences prepared me for what I’m doing now, especially when it comes to being impartial and telling both sides of the story.’’

    He credits the flexibility of UConn’s academic programs for allowing him to add journalism courses during his senior year. Before graduation, he applied to 50 jobs and internships. He says he feels lucky to have been hired by ABC, which is a Disney-owned company. His job runs until January, and he would love to stay on permanently.

    One of the most surprising aspects of his job is how welcoming the talent is.

    “They are very responsive to any request. They always come up to chat and never say no to posing for a photo or appearing in a silly video that I’m making for our team’s Instagram,’’ he says. “It’s great to know they’re the people they come across as on TV.’’

    Emilia Kwasniak Enjoys the Business Side of Media

    Growing up in Brooklyn, N.Y., Emilia Kwasniak was a proud theater kid. One of her favorite TV shows was “Victorious,” a Nickelodeon sitcom revolving around Tori Vega, a promising talent who attends Hollywood Arts, a fictional performing arts high school.

    “It aligned well with me as a theater kid. In that show, all the performing arts kids are super cool,’’ she says, laughing.

    Kwasniak says her long-term temporary job as a media planning coordinator at Nickelodeon involves importing shows, commercials, promos, and ratings, as well as scheduling and marketing strategy. She distinguishes herself by being a quick study and a conscientious worker.

    Emilia Kwasniak ’24 is working at a place that inspired her as a child (contributed photo).

    “I’m so happy to work somewhere that impacted me as a kid,’’ she says. “It is very collaborative here and I’m working with phenomenal people. I’m very lucky.’’

    During her time at UConn, Kwasniak was an Honors student, photo producer for The Daily Campus, and Vice President of Internal Services for UConn Student Television.

    But perhaps the most impactful experience was serving as Director of Media for the HuskyTHON Miracle Network Dance Marathon, which required a year-long commitment to strategizing and executing the fundraiser’s marketing campaign, including photography, videography, and managing a team of 10 student photographers. The event raised a record-breaking $1.7 million for Connecticut Children’s Foundation.

    “Before this experience, working in the entertainment business seemed like a far-fetched dream. But HuskyTHON helped me realize that I could truly succeed in that environment. It’s the largest student-run organization on campus, so on top of the marketing experience I gained, it was also a big time commitment. I had to collaborate with a lot of people and cross-functional teams, which even included employees and families from Connecticut Children’s,’’ she says.

    “There were so many email chains, meetings, and projects that I had to shift my attention to on a daily basis, while consistently maintaining the high quality of my work, so it taught me a great deal about what a professional workplace looks like,’’ she says. “It was essentially like an internship and equipped me with all the professional skills I needed to succeed.’’

    Kwasniak’s greatest accomplishment in that role was producing the announcement video that brought the year-long campaign to life. “It surpassed 100,000 views on Instagram, which is an impressive accomplishment that helped me stand out during my Nickelodeon interview,’’ she says. “As the media planning coordinator, my role is to promote Nickelodeon’s short-and long-term campaigns on our channels, so it was helpful to mention my campaign announcement video and the tangible results that came from promoting it.’’

    Kwasniak credits a one-credit career development course she took with Kennedy for giving her a foot in the door at Nickelodeon. Kennedy had assigned the students to reach out to conduct an informational interview with someone at a company where they might want to work.

    “I knew someone who worked at Nickelodeon and asked for advice,’’ Kwasniak says. They had a great conversation, and the woman gave Kwasniak guidance to enhance her professional experiences.

    “Right before graduation, she called and asked if I’d be interested in a temporary job. I said, ‘I’m beyond interested!’’’ she recalls. “If it weren’t for that class, I wouldn’t have had the confidence to reach out and ultimately wouldn’t have the job.’’

    Kwasniak applied to UConn as a political science major, capitalizing on her love of history and social studies. But she kept exploring other options and wound up majoring in finance.

    “I realized I can work on the business side of media and entertainment. I didn’t think I could create the content, but I could certainly help put it out,’’ she says. Today she promotes events and premiers, including the new Teenage Mutant Ninja Turtles show and The Kids’ Choice Awards.

    “If I told 10-year-old me that I work at Nickelodeon now, she would probably think that I’m pranking her,’’ Kwasniak says. “As a kid, I didn’t even realize that working in entertainment was an option for me. I always had this expectation that becoming an adult and working an ‘adult job’ would be boring. Ten-year-old me would be so proud of me for finding a job that I am truly passionate about, and that I look forward to every day. And she would definitely think that I’m the coolest person in the world!’’

    MIL OSI USA News –

  • MIL-OSI USA: UConn’s Promising Stroke Medicine One Step Closer to Clinical Trial Testing

    Source: US State of Connecticut

    For nearly 30 years, there have been no new medicines to treat stroke patients, but UConn is testing a small-molecule drug in its laboratories shown to reduce damage and restore function after stroke.

    UConn School of Medicine has received a follow-up research grant award of more than $2 million from the NIH’s National Heart, Lung, and Blood Institute (NHLBI) to further advance UConn’s testing of its promising stroke drug discovery.

    Inventors and principal investigators of the experimental, brain-permeable, anti-inflammatory therapy are Rajkumar Verma, M.Pharm., Ph.D., assistant professor of neuroscience at the Calhoun Cardiology Center, and Dr. Bruce T. Liang, cardiovascular physician-scientist at UConn School of Medicine.

    “This renewed NIH grant funding will enable us to further advance our laboratory testing and ultimately apply to the FDA for an Investigational New Drug (IND) application. If approved, it will lead to first-in-human testing,” says Liang.

    The NIH’s initial phase 1 funding allowed this collaborative UConn research team to screen for and discover the experimental chemical that has been proven effective in animal models to be both neuroprotective and heal the brain damaged by a stroke by reducing inflammation.

    The innovative stroke therapy getting closer to human clinical trials inhibits an important receptor, P2X4, implicated in ischemic stroke damage. This novel P2X4 receptor inhibitor works by stopping and reducing the expansion of brain damage caused by a stroke – the leading cause of disability in the U.S. – to combat its long-term, debilitating effects, such as paralysis of one side of the body, memory loss, speech, language, depression, and vision problems.

    The level of P2X4R increases after stroke exacerbating damage with increased inflammation in brain tissue. But UConn’s promising medication blocks P2X4R mediated increase in brain inflammation and promotes recovery from stroke.

    Most strokes are ischemic, which occur when a blockage in an artery leading to the brain causes damage or death of brain cells because of reduced blood flow and oxygen supply. The damaged or dying brain cells release excessive amounts of stored adenosine triphosphate (ATP), a molecule that serves as a danger signal, leading to over-stimulation of its receptor P2X4 (P2X4R), mainly found on immune cells of the blood and brain. When P2X4R is overactive, it causes a cascade of detrimental effects in brain cells, leading to a large stroke.

    “Our medication crosses the blood-brain barrier to reach the brain and heal it by blocking the receptor implicated in ischemic stroke damage. It also reduces the brain damage that a stroke inflicts, enhances the possibility for both short-term and long-term stroke recovery and restored function, while expanding the time window available for stroke treatment,” says Verma.

    If soon proven successful in animal models for safety and then human clinical trials, the research team believes this neuroprotective drug intervention would have a groundbreaking impact on the future of stroke patient care.

    This innovative UConn research, in collaboration with NIH’s Kenneth Jacobson, Ph.D., was initially supported by the NIH via a small business “STTR phase 1 grant: A New Anti-inflammatory Therapy for Ischemic Stroke” grant to the UConn Technology Incubation Program (TIP) start-up company Provascor Pharmaceuticals.

    According to the NIH, this follow-up phase 2 grant award’s objective is to continue UConn’s innovative research and development efforts of the drug initiated in phase I with larger, renewed funding based on the already promising results, along with the scientific and technical merit and commercial potential of this new medicine.

    The UConn researchers look forward to presenting their research findings to the FDA in the foreseeable future, says Verma.

    MIL OSI USA News –

  • MIL-OSI Video: FORE! | 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 #Shorts

    https://www.youtube.com/watch?v=uzpUxUt7kWA

    MIL OSI Video –

  • MIL-OSI United Kingdom: Procuring major events and responses to the TfL cyber-attack

    Source: Mayor of London

    Since their July 2024 report, EY, the external auditors of the GLA Group have made the following change: 

    • In light of the cyber-attack on TfL, the audit team will be required to “evaluate the effects of the attack on the scope of [their] work and reporting requirements” and the overall reporting timeline is likely to be delayed as limited system access hampered the GLA finance team’s ability to respond to audit requests.

    Tomorrow, the London Assembly Audit Panel will examine the GLA External Audit Status Report and the Corporate Risk Register, both of which contain responses to the TfL cyber-attack. The Panel will also discuss the Register of Gifts and Hospitality and the procurement exercise for the New Year’s Eve fireworks event.

    The guests are:

    • Stephen Reid, Partner, EY
    • Chloe Wilkinson, Audit Senior Manager, EY
    • Enver Enver, Interim Chief Finance Officer, GLA
    • Fay Hammond, Chief Finance Officer, GLA
    • David Esling, Head of Audit Assurance – Risk Management, MOPAC
    • Mark Woodley, Group Audit Lead, MOPAC
    • Karen Welsh, Senior Risk and Assurance Auditor, MOPAC
    • Dianne Tranmer, Executive Director Corporate Resources & Business Improvement, GLA

    The meeting will take place on Thursday, 17 October 2024 from 2pm, in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.

    Media and members of the public are invited to attend.

    The meeting can also be viewed LIVE or later via webcast or YouTube.

    Follow us @LondonAssembly.

    MIL OSI United Kingdom –

  • MIL-OSI: Phunware Issues Letter to Stockholders and Announces Business Update

    Source: GlobeNewswire (MIL-OSI)

    Phunware Announces Next Generation AI-Driven SaaS Platform

    Targets expansion into the Global Mobile App Market expected to exceed $420 Billion by 2028

    AUSTIN, Texas, Oct. 16, 2024 (GLOBE NEWSWIRE) — Phunware, Inc. (NASDAQ: PHUN) (“Phunware” or the “Company“), a leader in cloud enterprise solutions for mobile applications and related technologies, today issued a letter to stockholders from Mike Snavely, the Chief Executive Officer of Phunware, providing an update on Phunware’s existing and new business units and performance and achievements during 2024. The letter provides insight into Phunware’s transition to a new generative AI-based software development platform and several other new business initiatives, and its avenues for continued growth and success in 2025.

    Dear Fellow Stockholders:

    A letter to Stockholders is often written after the end of the year to reflect on successes and challenges and to share insights for the road ahead. However, the past few years have been anything but a normal path for Phunware and as I reflect on my first year as CEO, I felt the time was right to update you on 2024 and to share our vision for 2025 and beyond.

    Our primary focus is to create value for our stockholders. One key measure of that is our market capitalization which has varied from $12M late last year to a high of about $120M in the first quarter, settling at about $55M as of the writing of this letter. It’s certain that some of our stockholders’ positions have benefited from this price volatility and some have not. We acknowledge this by saying that we have always acted, and will continue to act, in what we see as the best long-term interests of our stockholders.

    Often, volatility drives opportunity, and over the months we have used the trading volume and price volatility to raise capital to stabilize the balance sheet and to provide the capital required to think bigger.

    This letter explains what we intend to do with that capital. We couldn’t be more optimistic about our future, and I want to briefly share what we have been doing to strengthen our core business, enhance our operations and right-size our cost structure in service of our strategic vision. More importantly, I am excited to highlight new initiatives we are launching. I believe these steps will help the market at large see why we believe we are a great investment and that our best days are ahead of us.

    I’ll remind you of our recent performance: so far this year, we have lowered our cash burn by more than half and have increased sales by two orders of magnitude in the first half of 2024 as compared to the same period in 2023.

      Six Months Ended  
        2024     2023   Change
    Bookings (contracts executed) $ 1,746   $ 168   939 %
    Revenue   1,932     2,640   -27 %
    Gross profit   994     610   63 %
    Net loss from:      
    Continuing operations   (4,923 )   (8,126 ) 39 %
    Discontinued operations     (2,667 ) 100 %
    Loss per share from:      
    Continuing operations   (0.65 )   (3.90 ) 83 %
    Discontinued operations     (1.28 ) 100 %
                 

    We believe our sales engine is just getting underway

    As we move toward the end of the year and into 2025, we continue to do the blocking and tackling to continue to sell and grow revenue. We have been able to recruit seasoned sales and marketing talent to help us get our message out to more customers and to win more deals. We are also announcing various initiatives to unlock additional markets and to position ourselves as the most advanced and highest potential company in mobile globally.

    Our Software Business continues to evolve to pick up new efficiencies and to unlock new markets

    Phunware is a market leader in providing enterprise cloud solutions for mobile applications. Our location-based services and patented wayfinding technology sets us apart from our competitors, providing real-time indoor navigation with unmatched precision and customization. Our technology for seamless transition from indoor wayfinding to outdoor location sharing and geofencing is best in class. Phunware is widely known for creating first rate custom mobile applications for large enterprise customers with complex needs to engage with their end users and to facilitate profitable engagements and experiences.

    Our software development platform for mobile applications is currently designed to create fully customizable apps and provide related services for larger enterprises. In the first half of 2024, we have seen dramatic growth (939% over the comparable period in 2023) in bookings. Our customers like what we do for them and notably we are getting terrific word of mouth references, accelerating our growth in major customers. Finally, we have added new features and functionalities to our existing products, including artificial intelligence features like an AI Personal Concierge for property guests and Intelligent Reporting for property owners.

    Leveraging the Power of Generative AI, our Platform Will Enable Rapid Development and Monetization of Custom Mobile App Solutions

    Today, we are announcing the development of a new generative AI-based platform designed to democratize access to world-class design, user experience and content creation so that businesses of any size can design, create, build, and deploy high-quality custom mobile applications in days or even hours. By leveraging generative AI, we believe that the new platform will simplify mobile app design and content creation and drastically reduce the need for expensive and time-consuming design and development investments.   

    This platform marks the next chapter in Phunware’s evolution, building on a decade and a half of providing custom mobile app solutions to several thousand U.S. and global customers, including some of the most recognized Fortune 100 & 500 brands.  

    The platform is designed to harness and integrate the power of generative AI to enable all businesses to quickly develop and monetize custom mobile app solutions, making them accessible to small and medium-sized businesses. We also expect to add new AI-related features and functionalities to all of Phunware’s mobile app offerings, reinforcing our position as a leader and innovator in the continually-growing mobile app market.  

    Phunware’s Competitive Advantages in a Multi-Billion Dollar Global Mobile App Market1
    Our planned incorporation of AI into our SaaS platform is driven by our view that consumer engagement with mobile-first solutions and artificial intelligence technology will continue to play a critical role across industries. Key competitive advantages of this platform will include:

    • AI-Driven Customization: Generative AI frameworks provide customizable templates for rapid mobile app creation, reducing development costs and accelerating time-to-market, and include important features and functionalities such as AI-powered personal concierge and contextual engagement.
    • End-to-End Modular Design: Our independent software modules, such as location-based services, digital advertising tools such as programmatic advertising and real-time data analytics support flexible audience building and engagement strategies. 
    • Advanced Location-Based Services (LBS): Our market leading indoor navigation and outdoor geofencing systems continue to offer even more precise geopositioning and collection of user data using a combination of GPS, Wi-Fi, BLE, and sensor data for customized on-venue user engagement in sectors such as hospitality, healthcare, retail, residential, sports and convention centers, gaming facilities and other verticals involving large real properties or portfolios of properties. 
    • Data Analytics: Our enhanced review and analysis of data of mobile app usage and user behaviors support assessment of intent and other metrics to drive user engagement, conversion and retention. 
    • Multi-Industry Capability: Our platform is designed to provide low- or no-code custom mobile apps across a range of sectors, from hospitality and healthcare to other verticals such as advocacy, retail and ecommerce in the U.S. and other leading economies including China, Brazil and India. 

    The adoption of our generative AI-powered SaaS platform is expected to benefit our existing customers and all industry verticals and create meaningful opportunities for accessing new markets. Our platform is designed to automate the development intake process, reduce development costs and time-to-market, and enable innovation and user engagement through AI. We are leading the way to make AI-powered mobile applications accessible to enterprise and small and medium business customers alike. 

    We expect our new AI-powered SaaS platform will launch mid-2025. We also expect to further integrate AI and machine learning capabilities into our new platform in 2025. We intend to integrate AI-driven predictive analytics into the platform by Q3 2025, providing businesses with advanced tools for analyzing customer data to predict future behaviors. We also expect the new platform to offer seamless integrations of its mobile apps with additional cloud service providers, ensuring modern scalability, flexibility, efficiency and security for businesses of all sizes.  

    Digital Advertising Business

    We also have a growing business in providing digital advertising campaigns for a range of customers.  We work with agencies and directly with our own customers, from public companies to non-profit organizations to governmental entities. We place general awareness, performance-based and retargeting advertising campaigns for our customers, enabling them to successfully reach their audiences and achieve their marketing objectives. We have provided digital advertising and related placements to hundreds of customer campaigns in 2024 to date and continue to see strong demand for these services.

    We plan to expand our digital advertising platform in several additional ways. We intend to relaunch our programmatic advertising capabilities into our core mobile platform. This will enable us to help our customers conduct more efficient, scalable digital advertising campaigns through our platform and through partnerships or alliances with one or more third-party programmatic advertising platforms. The integrated solution will be designed to utilize generative AI to help our customers personalize their digital advertising campaigns to individual users based on behavior, preferences and demographics to enhance user engagement and increase conversions. Finally, we intend to serve a global audience with these capabilities, tied to our mobile application portfolio growth.

    Voter / Advocacy Engagement Business

    We are also planning to invest in the application of our AI-powered platform to advocacy and voter engagement. You will recall that we developed and implemented the Donald J. Trump 2020 Presidential Campaign app, a highly regarded and well received voter / advocacy engagement app.

    We think this was just the tip of the iceberg. Every election cycle, candidates set new records in spending and we believe that our AI-powered platform can help make that spend more impactful. Further, we believe that it is more important than ever for Phunware to help political candidates and voters connect, engage and participate in the voting process, and for individuals and organizations to become knowledgeable about, educate others about, and advocate for events, causes and issues that are important to them. Our platform can help them do just that.

    We plan to continue to use our AI-powered platform to develop custom mobile apps for election campaigns, political action committees, and other organizations to identify, engage and turn out voters. Our mobile advertising solutions will be a part of driving voter engagement as well.   We may invest in and partner with other technology providers and organizations that use mobile technologies to drive voter and advocacy engagement. We will likely pursue these opportunities both in the U.S. and with strategic partners and alliances globally.

    Financial Strength

    Our spend has been adjusted to fit the size of our business today and to focus investment on the future. We believe that sober execution against our business plan is the right way to deliver long-term stockholder value and we are focused on the careful stewardship of the company to bring our vision to life.

    1. We have zero debt and believe we have adequate access to the necessary resources to support our investments and sustain our business as we invest in the evolution and growth of our company
    2. We have seen dramatic improvement to our year-to-date software and advertising business bookings which we believe demonstrates a growing demand for our software and advertising offerings
    3. We are judiciously investing in sales, engineering, AI, marketing and business development to fulfill our vision for the company’s future

    We have not said much in the markets recently. In retrospect, we’ve probably said too little. Moving ahead, we intend to continue to provide our stockholders with additional updates on our businesses and products from time to time. Our focus will remain on platform launch, product roadmaps and timelines; innovation; operational efficiency; building thought leadership; and inorganic growth, including tactical and strategic acquisitions, investments, partnerships and alliances. And we will endeavor to keep stockholders advised of significant occurrences every step of the way.

    I’ll end where I started…I believe Phunware’s best days are ahead. We look forward to continuing to create and enhance value for our stockholders, customers, employees and the consumers who use our products.

    Thank you for your ongoing support.

    Mike Snavely

    Chief Executive Officer

    About Phunware  

    Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions. We provide businesses with the tools to create, implement and manage custom mobile applications and analytics, digital advertising and location-based services. Phunware is transforming mobile engagement by delivering scalable and personalized mobile app experiences.  

    Phunware’s mission is to achieve unparalleled connectivity and monetization through widespread adoption of Phunware mobile technologies, by leveraging brands, consumers, partners and digital asset holders and market participants. Phunware is poised to expand its software products and services audience and industry verticals through its new platform, utilize and monetize its patents and other intellectual property rights and interests, and update and reintroduce its digital asset ecosystem for existing holders and new market participants.  

    For more information, please visit https://www.ai.phunware.com or contact:   

    MZ Group, North America 
    Joe McGurk, Managing Director
    917-259-6895 
    PHUN@mzgroup.us 

    Phunware Investor Relations:  

    CORE IR 
    516-222-2560 
    investorrelations@phunware.com 

    Safe Harbor / Forward-Looking Statements  

    This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. For example, Phunware is using forward-looking statements when it discusses the proposed offering and the timing and terms of such offering and its intended use of proceeds from such offering should it occur.  

    The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC, including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.  

    By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. 

    ___________________________

    1 Grand View Research, Inc. Mobile Application Market Size, Share & Trends Analysis, July 2024: market size is projected to reach approximately $322 billion in 2026, $367 billion in 2027, and $421 billion in 2028.   

    The MIL Network –

  • MIL-OSI: Elevating Fulfillment Efficiency Across Your Entire Operation with the Berkshire Grey V3 Put Wall

    Source: GlobeNewswire (MIL-OSI)

    BEDFORD, Mass., Oct. 16, 2024 (GLOBE NEWSWIRE) — Berkshire Grey Inc., a leader in AI-powered robotic solutions for automating supply chain operations, announces the release of the V3 Put Wall, the latest iteration of its globally deployed solution. Designed to automate eCommerce order consolidation and returns processing, the V3 Put Wall provides a modern, integrated alternative to manual put walls and traditional linear sorters.

    More than just a point solution for sortation, the V3 Put Wall is a critical enabler of amplified efficiency in automated fulfillment systems. By seamlessly integrating with key technologies such as ASRS (Automated Storage and Retrieval Systems), the V3 Put Wall enhances overall warehouse operations, empowering businesses to manage complex orders, scale rapidly, and process a broader range of SKUs. Its compact footprint maximizes throughput while complementing existing automation infrastructures, offering the flexibility to fit into any environment.

    “The V3 Put Wall is a breakthrough in warehouse automation,” said Paul Ambruso, VP Product, at Berkshire Grey. “When paired with ASRS and other complementary systems, it acts as a force multiplier, boosting the value of existing automation investments.”

    Key Features of the V3 Put Wall Include:

    • Complete SKU and Order Handling: Optimized to handle a wide range of SKUs—including small, oversized, irregular, and hard-to-handle items—minimizing the need for manual exception handling and processing even the most complex orders efficiently.
    • Compact and Customizable Design: Requiring just 540 sq ft, the V3 Put Wall easily fits into existing facilities, whether installed on the floor or mezzanines. It offers end or middle induction options, along with modular shelves or totes that can be reconfigured as business needs evolve.
    • Faster Return on Investment (ROI): V3 offers the best performance-to-cost ratio, with typical customer paybacks under 1 year.
    • Orchestration and Integration: Advanced software amplifies order processing by dynamically adjusting sort locations and integrating seamlessly with upstream automation systems like ASRS. This reduces manual labor, improves fulfillment efficiency, and ensures high throughput, even during peak times.
    • High Throughput and Scalable Destination Capacity: Expandable to over 10,000 units per hour (UPH) and thousands of destinations, the V3 Put Wall significantly enhances order processing speed and accuracy.

    “The V3 Put Wall is the complete solution for businesses seeking to transform their fulfillment operations,” said Paul. “By acting as a critical link in the automation chain, it amplifies the value of ASRS and other systems, enabling businesses to service more orders simultaneously and with greater accuracy. This means quicker order fulfillment, lower labor costs, and seamless integration into existing operations—delivering unmatched value.”

    Ideal for industries such as retail, eCommerce, 3PL, and omnichannel distribution, the V3 Put Wall offers scalable, efficient solutions for managing high order volumes. Set for deployment in 2025, the V3 Put Wall provides customizable sortation capabilities, delivering industry-leading efficiency and maximizing the performance of a fully automated fulfillment ecosystem.

    For more information about the V3 Put Wall and Berkshire Grey’s full portfolio of robotic automation solutions, visit http://www.berkshiregrey.com.

    About Berkshire Grey

    Berkshire Grey Inc. helps customers radically change the essential way they do business by delivering game-changing technology that combines AI and robotics to automate fulfillment, supply chain, and logistics operations. Berkshire Grey solutions are a fundamental engine of change that transforms pick, pack, place, and sort operations to deliver competitive advantage for enterprises serving today’s connected consumers. Berkshire Grey customers include Global 100 retailers and logistics service providers. More information is available at http://www.berkshiregrey.com.

    Media Contact:

    Cailin Radcliffe
    Berkshire Grey Inc.
    press@berkshiregrey.com

    The MIL Network –

  • MIL-OSI: Arq to Host Third Quarter 2024 Conference Call on November 7, 2024

    Source: GlobeNewswire (MIL-OSI)

    GREENWOOD VILLAGE, Colo., Oct. 16, 2024 (GLOBE NEWSWIRE) — Arq, Inc. (NASDAQ: ARQ) (the “Company” or “Arq”), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced the Company expects to release its third quarter 2024 financial results and file its Quarterly Report on Form 10-Q for the period ended September 30, 2024 before market open on November 7, 2024. A conference call to discuss the Company’s financial performance is scheduled to begin the same day at 8:30 a.m. Eastern Time.

    The conference call webcast information will be available via the Investor Resources section of Arq’s website at http://www.arq.com. Interested parties may participate in the conference call by registering at https://www.webcast-eqs.com/arq20241107. Alternatively, the live conference call may be accessed by dialing (800) 715-9871 or (646) 307-1963 and referencing Arq and/or Conference ID 9011669.

    A supplemental investor presentation will be available on the Company’s Investor Resources section of the website prior to the start of the conference call.

    A replay of the event will be made available shortly after the event and accessible via the same webcast link referenced above. Alternatively, the replay may be accessed by dialing (877) 660-6853 or (201) 612-7415 and entering Access ID 13749544. The dial-in replay will expire after November 14, 2024.  

    About Arq

    Arq (NASDAQ: ARQ) is a diversified, environmental technology company with products that enable a cleaner and safer planet while actively reducing our environmental impact. As the only vertically integrated producer of activated carbon products in North America, we deliver a reliable domestic supply of innovative, hard-to-source, high-demand products. We apply our extensive expertise to develop groundbreaking solutions to remove harmful chemicals and pollutants from water, land and air. Learn more at: http://www.arq.com.

    Source: Arq, Inc.

    Investor Contact:

    Anthony Nathan, Arq
    Marc Silverberg, ICR
    investors@arq.com

    The MIL Network –

  • MIL-OSI: Condor’s Initial Artificial Lift Program Increases Well Productivity by 100% to 300%

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 16, 2024 (GLOBE NEWSWIRE) — Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR), a Canadian based energy transition company is pleased to provide an operational update for its eight gas field production enhancement project in Uzbekistan.

    Production for the third quarter of 2024 averaged 10,010 boepd with corresponding sales of $19 million. During the third quarter, the Company started a multi-well workover program, and the initial results are exceeding expectations. Seven made-in-Canada artificial lift systems (“plunger lifts”) have been installed with the initial three wells adding a cumulative 330 boepd of incremental production. The corresponding gas flow rates are 100% to 300% higher than prior to the workovers based on 24 hour production tests of each well. The four other wells are currently being reactivated and expected to be producing shortly.

    In addition to further plunger lift installations, the ongoing workover program will also perforate by-passed and new gas reservoir intervals that were recently identified from an ongoing logging program and detailed reviews of the existing well stock.

    Given the initial workover program successes, the Company has contracted a second workover rig to begin activities by early November 2024. With over 100 wells in the eight fields, there is a large inventory of both producing and shut-in wells available for evaluation, recompletion and optimization opportunities to profitably grow production.

    The Company is currently installing a made-in-Canada in-line flow separation system which separates water from the gas streams at the field gathering network rather than at the production facility. This will reduce pipeline flow pressures that can lead to higher reservoir flow rate. This technology has been successfully deployed in similar conditions in Western Canada and is expected to be operational by early November 2024. Additional systems are being manufactured for installation in the coming months.

    Don Streu, President and CEO of Condor commented: “We are very excited that the initial workover program results are greatly exceeding expectations. Early operational learnings have reduced subsequent workover days and well reactivation times. As the second workover rig ramps up, we are confident production rates will materially increase as there will be a larger inventory of enhanced wells returning to production. We also anticipate the proven in-line flow separators will add incremental production during this quarter.

    “In parallel with our production enhancement activities, we’ve implemented our safety culture through ongoing employee and contractor training which has resulted in zero lost time and environmental incidents since the start of the project.”

    ABOUT CONDOR ENERGIES INC

    Condor Energies Inc is a TSX-listed energy transition company that is uniquely positioned on the doorstep of European and Asian markets with three distinct first-mover initiatives: increasing natural gas and condensate production from its existing fields in Uzbekistan; an ongoing project to construct and operate Central Asia’s first LNG facility in Kazakhstan; and a separate initiative to develop and produce lithium brine in Kazakhstan. Condor has already built a strong foundation for reserves, production and cashflow growth while also striving to minimize its environmental footprint.

    FORWARD-LOOKING STATEMENTS

    Certain statements in this news release constitute forward-looking statements under applicable securities legislation. Such statements are generally identifiable by the terminology used, such as “anticipate”, “appear”, “believe”, “intend”, “expect”, “plan”, “estimate”, “budget”, “outlook”, “scheduled”, “may”, “will”, “should”, “could”, “would”, “in the process of” or other similar wording. Forward-looking information in this news release includes, but is not limited to, information concerning: the timing and ability to install additional plunger lift systems; the timing and ability to reactivate four other wells; the timing and ability to perforate by-passed and new gas reservoir intervals that were recently identified; the timing and ability to contract a second workover rig to begin activities by early November 2024; the timing and ability to install and commission the inline flow separator by November 2024; the timing and ability of the inline separator to reduce pipeline flow pressures that can lead to higher reservoir flow rates; the timing and ability to manufacture additional separation units for installation in the coming months; the timing and ability to reduce subsequent workover days and well reactivation times; the timing and ability to materially increase production rates; and the timing and ability for the in-line flow separators to add incremental production during this quarter.

    ABBREVIATIONS

    The following is a summary of abbreviations used in this news release:
       
    boepd Barrels of oil equivalent per day
    $ Canadian dollars
       

    The TSX does not accept responsibility for the adequacy or accuracy of this news release.

    For further information, please contact Don Streu, President and CEO or Sandy Quilty, Vice President of Finance and CFO at 403-201-9694.

    The MIL Network –

  • MIL-OSI: Enphase Energy Launches IQ8X Microinverters in the Netherlands and Austria, and IQ8 Series in Malta and New Caledonia

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced that it has started shipping IQ8™ Microinverters to support newer, high-powered solar panels in select countries and territories, including the Netherlands, Austria, Malta, and New Caledonia. Enphase is entering the solar markets for Malta and New Caledonia for the first time with this launch.

    In Malta, Enphase introduced three microinverters – IQ8MC™, IQ8AC™, and IQ8HC™ – featuring a peak output power of 330 W, 366 W, and 384 W, respectively. In New Caledonia, Enphase introduced the IQ8AC and IQ8HC Microinverters. The new microinverters seamlessly pair with a full range of solar modules up to 560 W DC. IQ8 Microinverters activated in Malta and New Caledonia come with a 25-year warranty from Enphase.

    “New Caledonia’s climate and unique geography makes system reliability and production crucial,” said Damien Keyser, director at Green Energy NC, an installer of Enphase products in New Caledonia. “IQ8 Microinverters have exceeded our expectations in this regard. Their robust performance, coupled with Enphase’s industry-leading warranty, gives our clients confidence their investment is protected for the long haul.”

    “Enphase IQ8 Microinverters maximize quality, reliability, and performance,” said Ing. Mario Cachia, CEO and director of business at Alternative Technologies Ltd., an installer of Enphase products in Malta. “Their seamless integration and module-level monitoring allow our clients to manage self-consumption and navigate peak pricing. In our dynamic energy market, this smart technology is a game-changer.”

    IQ8X™ Microinverters are also available now for customers in the Netherlands and Austria and feature a peak output AC power of 384 W, designed to support higher powered solar modules up to 560 W DC. The microinverters are compatible with modules with higher cell counts, such as 96-cells and 88 or 80 half-cut cells.

    “Enphase IQ8 Microinverters have transformed our approach to solar installations,” said Tim Montfrooij, project manager at Koller Hattem BV, an installer of Enphase products in the Netherlands. “The ease of installation coupled with the ability to support a wide range of module wattages gives us the flexibility to design efficient, optimized systems tailored to our clients’ needs.”

    “Enphase is setting a new industry standard with its ongoing innovation and commitment to quality,” said Florian Morche, technical manager at Energieversorgung Kleinwalsertal GesmbH, an installer of Enphase products in Austria. “The superior performance and reliability of IQ8 Microinverters mean that our customers can enjoy peace of mind knowing their solar systems will perform optimally for years to come.”

    “IQ8 Microinverters are transforming residential solar with a reputation for top-tier adaptability and performance,” said Sabbas Daniel, senior vice president of sales at Enphase Energy. “We are empowering installers with technology to help simplify installations and maximize energy production for homeowners. This expansion reinforces our commitment to driving innovation in diverse markets worldwide.”

    For more information about IQ8 Microinverters, please visit the Enphase websites for Malta and New Caledonia. Learn more about the IQ8X Microinverters on the websites for the Netherlands and Austria. 

    About Enphase Energy, Inc.

    Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 76.3 million microinverters, and over 4.3 million Enphase-based systems have been deployed in more than 150 countries. For more information, visit https://enphase.com/.

    ©2024 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. in the U.S. and other countries. Other names are for informational purposes and may be trademarks of their respective owners.

    Forward-Looking Statements

    This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability; the ability to seamlessly pair with a full range of solar modules up to 560 W DC; the availability and market adoption of Enphase’s products in select markets; and plans on entering new markets. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

    Contact:

    Enphase Energy

    press@enphaseenergy.com

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

    The MIL Network –

  • MIL-OSI: TransUnion Analysis Finds Fraud Costing Businesses Equivalent of Nearly 7% of Revenues

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 16, 2024 (GLOBE NEWSWIRE) — A global TransUnion (NYSE: TRU) analysis found that fraud continues to significantly impact businesses and their bottom lines. The newly released H2 2024 Update to the State of Omnichannel Fraud Report, which explores fraud trends in the first half (H1/January 1-June 30, 2024) of this year, also found that the lender risk exposure to synthetic identities for U.S. auto loans, bank credit cards, retail credit cards and unsecured personal loans reached their highest point ever.

    Among the key findings in the report were the results of a TransUnion survey of more than 800 business leaders in Canada, India, the U.K. and the U.S. which revealed total fraud losses of 6.5% equivalent of their companies’ revenue. This totaled approximately $359 billion among these business leaders’ organizations, a number which projects out exponentially greater when considering these represent only a small percentage of business leaders. Among those surveyed in the U.S., they said their company lost the equivalent of 6.7% of their revenue due to fraud over the past year, totaling $112 billion.

    In addition, 75% of the global survey respondents said that every type of fraud they measured stayed the same or increased year-over-year (YoY). Nearly half of respondents indicated that scam/authorized fraud, wherein a person is tricked into giving up something of value, saw the greatest YoY increase. It was also the most common cause of fraud loss according to global respondents at 31% and US respondents at 35%. In fact, in the U.S., this was more than double the next most common cause of fraud losses – synthetic identity fraud at 17%.

    “Protecting customers and their businesses from fraud is essential to enabling safe and tailored consumer experiences. These findings reveal that despite the good-faith efforts that are being undertaken by global organizations to identify and prevent fraud to date, fraudsters continue to evolve and it’s vital that fraud prevention methods keep up with the changing times,” said Steve Yin, global head of fraud at TransUnion. “Business that aren’t already doing so should ensure that they are taking advantage of fraud prevention technologies such as identity verification, IP intelligence, device reputation and synthetic identity detection as critical components of their fraud prevention programs.”

    According to proprietary insights from TransUnion’s global intelligence network, the global rate of suspected Digital Fraud remained stubbornly high in H1 2024 at 5.2% of all transactions. For transactions where the consumer was located in the U.S., 4.6% of digital transactions were suspected to be fraudulent over the period. Breaking it down by the industry, the highest rate of suspected Digital Fraud for transactions where the consumers were in the U.S. was the gaming sector, for which 13.3% of all transactions in that industry were suspected to be fraudulent in H1 2024.

    Synthetic Identity Lending Exposure Reaches New Record High

    Potentially driven in part by the wealth of stolen identities acquired via data breaches, accounts opened using synthetic identities continue to put lenders at risk. In fact, the increases among overall lender exposure to synthetic identities for US auto loans, bank credit cards, retail credit cards and unsecured personal loans continued in H1 2024. TransUnion documented such exposure rising from $3.0 billion in H1 2023 to $3.2 billion in H1 2024, an all-time high and growth of 7% YoY. The share of accounts opened for the four tradelines by synthetic identities rose 18% YoY, also reaching an all-time high.

    The auto loan industry continued to be the most impacted by lender exposure to synthetic identities among the four tradelines, accounting for $2.0 billion of the total in H1 2024, the fourth consecutive first half of the year in which auto has seen the greatest exposure. In fact, since surpassing bankcards in H1 2021, auto loan exposure is now double that of bankcard, which is currently at $1.0 billion.

    “Fraudsters are increasingly using synthetic identities to accumulate balances, particularly targeting the auto industry,” said Yin. “Unfortunately, this warrants attention to as the market is now facing a rising threat of charge-offs.”

    Lender Exposure to Synthetic Identities Continues to Trend Upward, Led by Auto

      End of H1 2020 End of H1 2021 End of H1 2022 End of H1 2023 End of H1 2024
    Auto Loans $871M $869M $1.3B $1.8B $2.0B
    Bankcards $966M $783M $951M $1.1B $1.0B
    Retail Credit Cards $250M $183M $157M $145M $121M
    Unsecured Personal Loans $48M $36M $57M $57M $52M
    Totals $2.1B $1.9B $2.4B $3.0B $3.2B

    Source: TransUnion TruValidate™ data

    The percentage of newly-opened accounts connected to synthetic identities has also seen a steady rise since 2020, and in H1 2024 stood at 0.20% of all accounts associated with the four tradelines in the table above. The tradeline with the highest percentage in H1 2024 was bank card, which was at 0.33% for the period, followed closely by auto loans at 0.27%.

    Industry Perspective: Online Forums and Dating Sites Most Impacted by Digital Fraud in H1 2024

    In H1 2024, the communities industry – which includes web properties like online forums and dating sites – experienced the largest percentage (11.5%) of suspected Digital Fraud globally. This represents a 23% increase over H1 2023. TransUnion’s communities customers reported profile misrepresentation as the most frequent type of fraud they witnessed in H1 2024. Not surprisingly, the communities industry had the highest suspected Digital Fraud rate in seven of the 19 countries and regions analyzed in H1 2024.

    In terms of global volume, synthetic identity fraud was the fastest-growing Digital Fraud type across industries from H2 2023 to H1 2024, increasing by 153%. Electronic fund transfers fraud saw the highest YoY growth, up 113% from H1 2023 to H1 2024. However, promotion abuse, which is defined as consumers or fraudsters taking advantage of marketing offers to receive unintended financial incentives, was the most common Digital Fraud type globally in H1 2024, with 3.6% of Digital Fraud reported to TransUnion by its customers.

    TransUnion came to its conclusions about Digital Fraud based on intelligence from its identity and fraud product suite that helps secure trust across channels and delivers efficient consumer experiences – TransUnion TruValidate. The rate or percentage of suspected Digital Fraud attempts reflect those that TransUnion customers determined met one of the following conditions: 1) denial in real time due to fraudulent indicators, 2) denial in real time for corporate policy violations, 3) determined to be fraudulent upon customer investigation, or 4) determined to be a corporate policy violation upon customer investigation —compared to all transactions it assessed for fraud. 

    Download the TransUnion H2 2024 Update to the State of Omnichannel Fraud Report to learn more. Specific country and regional data in the report include the United States, Botswana, Brazil, Canada, Chile, Colombia, the Dominican Republic, Hong Kong, India, Kenya, Mexico, Namibia, the Philippines, Puerto Rico, Rwanda, South Africa, Spain, the United Kingdom and Zambia.

    For more information and insights about the global fraud trends, please download the report. Consumers who believe they may be a victim of fraud can find resources and information here.

    About TransUnion (NYSE: TRU)

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

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

    The MIL Network –

  • MIL-OSI: TeraWulf Appoints John Larkin as Director of Investor Relations

    Source: GlobeNewswire (MIL-OSI)

    EASTON, Md., Oct. 16, 2024 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced the appointment of John Larkin as Senior Vice President, Director of Investor Relations. In this role, Mr. Larkin will report to Chief Executive Officer Paul Prager.

    “John’s extensive experience in financial strategy and investor engagement will be critical as TeraWulf continues to scale and execute our growth plans,” said Paul Prager. “His deep expertise in capital markets will bolster our relationships with institutional investors and sharpen the communication of our financial performance and strategic milestones.”

    With over 25 years of experience in capital markets across buy-side and sell-side roles, Mr. Larkin brings extensive knowledge and insight to TeraWulf. Most recently, he served as Chief Operating Officer at Connacht Asset Management. Before that, he spent nearly a decade at Susquehanna International Group, where he led the Event-Driven/Special Situations Desk and served as Assistant Director of Research. Mr. Larkin began his career at Citigroup, holding a variety of key positions.  

    “I’m thrilled to join TeraWulf during such an exciting and transformative period for the Company,” said John Larkin. “With its forward-thinking approach to sustainable digital infrastructure and rapid growth, TeraWulf is uniquely positioned to capture increased attention from the investment community. I look forward to driving investor engagement and contributing to the Company’s long-term success.”

    About TeraWulf

    TeraWulf develops, owns, and operates environmentally sustainable, next-generation data center infrastructure in the United States, specifically designed for Bitcoin mining and high-performance computing. Led by a team of seasoned energy entrepreneurs, the Company owns and operates the Lake Mariner facility situated on the expansive site of a now retired coal plant in Western New York. Currently, TeraWulf generates revenue primarily through Bitcoin mining, leveraging predominantly zero-carbon energy sources, including nuclear and hydroelectric power. Committed to environmental, social, and governance (ESG) principles that align with its business objectives, TeraWulf aims to deliver industry-leading economics in mining and data center operations at an industrial scale.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining, and/or regulation regarding safety, health, environmental and other matters, which could require significant expenditures; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) adverse geopolitical or economic conditions, including a high inflationary environment; (8) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (9) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (10) employment workforce factors, including the loss of key employees; (11) litigation relating to TeraWulf and/or its business; and (12) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at http://www.sec.gov.

    Company Contact:
    Jason Assad
    Director of Corporate Communications
    assad@terawulf.com
    (678) 570-6791

    The MIL Network –

  • MIL-OSI: As Occupational Safety Concerns Grow, Ironwall by Incogni Offers Free Privacy Risk Assessment to Anyone in Public-facing, At-risk Professions

    Source: GlobeNewswire (MIL-OSI)

    ORANGE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) — As privacy and safety become more pervasive issues—particularly for those in public-facing, at-risk professions—Ironwall by Incogni is stepping up to help combat the potential dangers brought about by easy access to online data. Through a complimentary risk assessment offer, the company aims to inform individuals such as judges, police officers, social workers, and election workers about the potential exposure of their personally identifiable information (PII) and the risks it poses to their safety.

    “There are more than 4,000 data brokers collecting, sharing, and selling personally identifiable information about all of us all the time,” said Ron Zayas, CEO of Ironwall by Incogni. “Most people have a sense there is information available about them on the internet. But until they see how vast that volume of information is and how many ways it can be exploited, they will not fully understand the risk to themselves, their families, and their workplaces.”

    To address these concerns, Ironwall has created a personalized risk assessment to help professionals gain specific insight into not just which websites are sharing and selling their PII, but also how this content can be used to uncover more sensitive information—such as an individual’s habits, relationships, politics, and affiliations—and how that knowledge can potentially be weaponized.

    “For those in high-risk professions, just one malicious individual finding your home address online can lead to harassment, threats, or worse,” added Zayas. “With one easy-to-read risk assessment, it is our hope that anyone who sees their vulnerability will take action to keep themselves and their loved ones safe.”

    Ironwall by Incogni’s Suite of Services
    Ironwall by Incogni’s comprehensive privacy services go beyond data broker removal. The company performs a thorough search for PII across search engines, social media platforms, and people-finder sites. It also offers emergency protection for active threats, and preventive solutions that mask online activity by replacing authentic PII with content that cannot be traced back to its source.

    For a complimentary risk assessment and to learn more about how to protect your privacy, visit Ironwall Risk Assessment.

    Images to accompany this release can be found here.

    About Ironwall by Incogni
    Ironwall by Incogni strongly supports the idea of a safe and private internet. As a legally contracted agent, Ironwall works with superior courts, social work departments, and law enforcement agencies to search and remove personal information from websites in violation of state and federal privacy restrictions. Ironwall is a member of the Surfshark and NordSec family of companies. For more information, visit https://ironwall360.com/.

    Editorial Contact:
    David Hofstede
    844-476-6360 x600
    david.hofstede@360civic.com

    The MIL Network –

  • MIL-OSI Africa: GITEX DIGI_HEALTH 5.0 Dubai showcases the future of Artificial Intelligence (AI)-driven innovations

    Source: Africa Press Organisation – English (2) – Report:

    DUBAI, United Arab Emirates, October 16, 2024/APO Group/ —

    • Innovators and leaders from the most influential medical labs, hospitals, healthcare institutions, research centres and academia gathered in Dubai to discuss AI opportunities
    • Neurology and remote patient monitoring were among the key topics on the agenda for discussion
    • Tech enterprises and providers showcased the most impactful digital solutions to accelerate connectivity and drive transformation

    Transformative health tech solutions were at the heart of conversations at GITEX GLOBAL’s GITEX DIGI_HEALTH 5.0 Dubai (www.GITEX.com), where thousands of tech enthusiasts and healthcare pioneers converged at Dubai World Trade Centre (DWTC) for a day of future health discussions.

    The world’s largest tech event provided a platform to showcase the latest AI-driven digital health and health tech solutions, spotlighting innovations that are reshaping patient care on a global scale.

    The event aligns with the UAE government’s pioneering efforts to advance the digital health ecosystem, with the UAE’s digital health market projected to reach USD $487.30 million by the end of this year. The show also supports Dubai’s commitment to adopting digital practices that benefit medical professionals and patients alike.

    With AI-powered healthcare investments projected to make up 20% of global healthcare spending by year’s end, GITEX GLOBAL set the stage for industry leaders to explore how AI is revolutionising delivery and enhancing outcomes for millions of patients.

    GITEX DIGI_HEALTH 5.0 Dubai brought together global professionals and leaders to build on that figure and discuss the impact the innovative tool is having on the day-to-day operations while also providing an outlook of what the future would hold. It attracted some of the biggest names in the global landscape including labs such as Biogen, Roche and Sanofi as well as tech giants Microsoft, M42, Lenovo. Also present were established medical institutions including Samsung Medical Centre, Harvard Medical School, Roche and many more.

    Pioneering Robotic and AI in Digital Health

    The evolving role of robotics in health tech was a major focus of the showcase and conference programme. Denis Ledenkof, Founder of Robosculptor, showcased how AI-powered robotics is transforming patient care via an autonomous platform for body treatments developed by health industry experts, emphasising robotic technology is providing plenty of benefits.

    He said: “AI is a powerful tool and is leading to better patient preferences. When it comes to robotic treatments, they help improve the experience of patients by just giving them access to a wider range of therapies as well as enhancing accessibility.

    “One example that we’re using is an application that functions similarly to a taxi or delivery app where people can scan for treatments and displays the information that users would be looking for.”

    Alex Aliper, Co-Founder and President of Insilico Medicine, a Hong Kong digital health unicorn – was part of another panel that delved into genomics. He discussed how precision medicine, powered by AI, is revolutionising genetic profiles – an approach set to transform treatments for diseases previously deemed incurable.

    The future of AI in neurology

    Meanwhile, following a study which showed that AI can reduce the risk of new vascular events by 25.6% in stroke patients, Aneesh Singhal, M.D, Director, Comprehensive Stroke Center & Vice-Chair of Neurology at Massachusetts General Hospital, gave an overview of what to expect in the field of neurology.

    In his presentation, he discussed the Golden Bridge II trial, which showed that the use of an AI-based clinical decision support system had a significantly greater impact on the number of vascular events and stroke care quality than standard care in patients with acute ischemic stroke (AIS).

    Elsewhere, Jong-Soo Choi, Chief Technology Officer at Samsung Medical Centre, one of Korea’s most renowned hospitals, shared insights into cutting-edge technologies such as Remote Patient Monitoring (RPM) and gene therapy and how they are setting the stage for the next wave of change.

    Smart lens among innovations unveiled

    Dubai’s own deep tech company Xpanceo made waves with the unveiling of smart contact lens for 3D imaging, and another for data reading, demonstrating wireless data transmission capabilities integrated directly into the lens. These innovations are set to redefine the boundaries of how data in real time is perceived, pushing the digital health landscape into a new era of smart diagnostics.

    Oracle Health also displayed its innovative Clinical Digital Assistant. Leveraging AI-powered driven voice recognition, the assistant autonomously documents physician-patient encounters, interprets the information, and accurately inputs a draft note into the Oracle Health EHR, allowing the physician to quickly review and approve the clinical documentation.

    GITEX GLOBAL is seamlessly connecting the world’s largest network of tech events with GITEX EUROPE Berlin, GITEX ASIA Singapore, GITEX AFRICA Morocco, and GITEX NIGERIA all part of its portfolio. These events are fostering collaboration and driving innovation to shape the tech landscape of tomorrow.

    GITEX GLOBAL this year announced the launch of GITEX DIGI_HEALTH 5.0 Expo-Summit in Thailand, from 10-12 September 2025, in a destination touted with one of the highest potentials to leapfrog the digital health industry, putting the spotlight on digital solutions to address the rising demands across Asia.

    More information on GITEX GLOBAL and to purchase passes, please visit http://www.GITEX.com

    MIL OSI Africa –

  • MIL-OSI USA: U.S. coal exports from the Port of Baltimore rebounded two months after bridge collapse

    Source: US Energy Information Administration

    In-brief analysis

    October 16, 2024

    U.S. coal exports from the Port of Baltimore rebounded at the end of May 2024, according to recently released data from the U.S. Census Bureau. Shipments from the port’s two coal-loading terminals had stopped for almost two months following the collapse of the Francis Scott Key Bridge on March 26. The main shipping channel into the Port of Baltimore reopened on May 21.

    In April, only 63,658 short tons of coal could be loaded for export, compared with 2.3 million short tons in April 2023. This small amount could be exported, even though the main channel into the Port of Baltimore was closed, because one of the loading terminals used barges to transport smaller loads to a vessel anchored in the Chesapeake Bay.

    Coal loadings in May recovered to slightly less than one million short tons, with that activity mostly occurring after the reopening. In June, coal loadings for export soared to 2.9 million short tons, the most in the U.S. Census Bureau data series—which starts in 2000—as terminals worked through their backlog of vessels. Loadings in July declined slightly to around 2.0 million tons, although that amount was still more than the five-year (2019–23) average.

    Coal exports in July typically are lower, as mining companies, railroads, and port terminals usually conduct maintenance during that month. This year, the coal industry made up for the suspension of shipments in April and May by increasing shipments in July.

    In our Short-Term Energy Outlook, we expect exports from the Port of Baltimore for the 2024 calendar year will be consistent with previous years because we expect exports to remain high in the second half of 2024. In 2023, the Port of Baltimore set a five-year high, with coal exports totaling 28 million short tons. We expect total exports in 2024 should be equal to or greater than the 20 million tons loaded in both 2021 and 2022.

    Principal contributors: Jonathan Church, Mark Morey

    MIL OSI USA News –