Category: Business

  • MIL-OSI: PKS Investments, a Subsidiary of Binah Capital Group, Recognized as One of Albany’s Best Places to Work

    Source: GlobeNewswire (MIL-OSI)

    ALBANY, N.Y., Oct. 16, 2024 (GLOBE NEWSWIRE) — Binah Capital Group (NASDAQ: BCG) (“Binah” or the “Company”) is proud to announce that its subsidiary, PKS Investments (“PKS”), has been recognized as one of Albany’s Best Places to Work for by the Albany Business Review. This prestigious award places PKS Investments among the top large companies (100+ employees) in the Albany area for employee satisfaction and workplace culture.

    The Best Places to Work annual award program, now in its 21st year, is based on employee feedback collected through surveys conducted by Quantum Workplace. Companies are selected based on their ability to create an exceptional work environment that fosters employee engagement and satisfaction.

    PKS Investments stands out among a diverse group of winners, including companies from industries such as financial services, healthcare, and gaming. This award reinforces PKS Investments’ position as a top employer of choice in the Albany region.

    “We are incredibly honored that PKS has been recognized as one of Albany’s Best Places to Work for,” said Craig Gould, Chief Executive Officer of Binah Capital Group. “This recognition is a testament to our commitment to creating a workplace where our employees can thrive, grow, and feel valued. Our team’s dedication and passion are the driving forces behind our success, and we will continue to invest in their well-being and professional development. As a core part of Binah’s family of companies, PKS exemplifies our group-wide dedication to excellence, both in serving clients and in nurturing our workforce.”

    This recognition comes at an exciting time for Binah Capital Group, which went public earlier this year. The award underscores the strength of PKS as a key subsidiary and reinforces Binah’s position as a leader in the wealth management industry.

    About Binah Capital Group

    Binah Capital Group (NASDAQ: BCG) is a leading national financial services enterprise specializing in the aggregation of broker-dealers. The Company offers a unique dual-registered hybrid-friendly model that encompasses over 1,900 registered advisors across more than 700 offices in 50 states. Binah focuses on supporting independent financial advisors by providing them with high-quality tools, resources, and services to foster their growth and independence.

    Contacts

    ir@binahcap.com
    media@binahcap.com

    The MIL Network

  • MIL-OSI: Triumph Financial Releases Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 16, 2024 (GLOBE NEWSWIRE) — Triumph Financial, Inc. (Nasdaq: TFIN) has released its third quarter 2024 financial results. The 3Q 2024 financial results and shareholder letter are available on the Company’s website at tfin.com through the News & Events, Events & Presentations links.

    Aaron P. Graft, Vice Chairman & CEO, and Brad Voss, CFO, will review the financial results in a conference call with investors and analysts beginning at 9:30 a.m. central time on Thursday, October 17, 2024.

    The live video conference option may be accessed directly through this link, https://triumph-financial-inc-earnings-q3fy24.open-exchange.net/ or via the Company’s website at tfin.com through the News & Events, Events & Presentations links. Alternatively, a live conference call option is available by dialing 1-833-928-4610 (International: 1-800-456-1369) requesting to be joined to meeting ID 984 7640 9638 at the prompt. An archive of this conference call will subsequently be available at this same location, referenced above, on the Company’s website.

    About Triumph

    Triumph Financial, Inc. (Nasdaq: TFIN) is a financial holding company focused on payments, factoring and banking. Headquartered in Dallas, Texas, its diversified portfolio of brands includes TriumphPay, Triumph and TBK Bank.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph Financial’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 13, 2024. Forward-looking statements speak only as of the date made and Triumph Financial undertakes no duty to update the information.

    Source: Triumph Financial, Inc.

    Investor Relations:
    Luke Wyse
    Senior Vice President, Head of Investor Relations
    lwyse@tfin.com
    214-365-6936

    Media Contact:
    Amanda Tavackoli
    Senior Vice President, Director of Corporate Communication
    atavackoli@tfin.com
    214-365-6930

    The MIL Network

  • MIL-OSI: Union Bankshares Announces Earnings for the three and nine months ended September 30, 2024 and Declares Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    MORRISVILLE, Vt., Oct. 16, 2024 (GLOBE NEWSWIRE) — Union Bankshares, Inc. (NASDAQ – UNB) today announced results for the three and nine months ended September 30, 2024 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended September 30, 2024 was $1.3 million, or $0.29 per share, compared to $2.5 million, or $0.56 per share, for the same period in 2023, and $5.8 million, or $1.27 per share, for the nine months ended September 30, 2024, compared to $8.2 million, or $1.82 per share for the same period in 2023. The decrease in earnings for the comparison periods was primarily due to the impact of the previously announced strategic balance sheet repositioning executed during the third quarter. The Company’s wholly-owned subsidiary, Union Bank, executed the sale of $38.8 million in book value of its lower-yielding available-for-sale debt securities for a pre-tax realized loss of $1.3 million, which was recorded in the third quarter of 2024.

    Balance Sheet

    Total assets were $1.52 billion as of September 30, 2024 compared to $1.40 billion as of September 30, 2023, an increase of $123.9 million, or 8.9%. Loan growth was the primary driver of the increase in total assets with total loans reaching $1.13 billion as of September 30, 2024 including $8.4 million in loans held for sale, compared to $1.03 billion as of September 30, 2023, with $6.5 million in loans held for sale. Asset quality remains strong with minimal past due loans and net recoveries of $5 thousand and $15 thousand for the three and nine months ended September 30, 2024, respectively.

    Loan demand has remained strong during the third quarter of 2024 with growth in the residential, commercial, and municipal portfolios, despite higher interest rates and low residential inventory. Qualifying residential loans of $76.1 million were sold during the first nine months of 2024 compared to sales of $54.2 million for the first nine months of 2023.

    Total deposits were $1.17 billion as of September 30, 2024 and include $80.0 million of purchased brokered deposits compared to deposits of $1.22 billion as of September 30, 2023 with $153.0 million of purchased deposits. Federal Home Loan Bank advances of $230.7 million were outstanding as of September 30, 2024 compared to $90.7 million outstanding as of September 30, 2023. In addition to borrowings from the Federal Home Loan Bank, $10.0 million in advances from the Federal Reserve’s Bank Term Funding Program were outstanding as of September 30, 2024.

    The Company had total equity capital of $72.3 million and a book value per share of $15.98 as of September 30, 2024 compared to $49.2 million and a book value of $10.92 per share as of September 30, 2023. Total equity capital is reduced by accumulated other comprehensive loss as it relates to the fair market value adjustment for investment securities. Accumulated other comprehensive loss as of September 30, 2024 was $26.8 million compared to $47.1 million as of September 30, 2023.

    Income Statement

    Consolidated net income was $1.3 million for the third quarter of 2024 compared to $2.5 million for the third quarter of 2023, a decrease of $1.2 million, or 47.7%. The decrease in net income was comprised of the $1.3 million net loss on the sale of available-for-sale securities mentioned above, increases in credit loss expense of $564 thousand and noninterest expenses of $483 thousand, partially offset by increases of $282 thousand in net interest income, $431 thousand in noninterest income, and a decrease in income tax expense of $419 thousand.

    Net interest income was $9.4 million for the three months ended September 30, 2024 compared to $9.1 million for the three months ended September 30, 2023, an increase of $282 thousand, or 3.1%. Interest income was $17.2 million for the three months ended September 30, 2024 compared to $14.8 million for the same period in 2023, an increase of $2.4 million, or 15.8%, due to the larger earning asset base and higher interest rates on new loan volume. Interest expense increased $2.1 million to $7.8 million for the three months ended September 30, 2024 compared to $5.7 million for the same period in 2023, due to utilization of higher cost wholesale funding, such as Federal Home Loan Bank advances and brokered deposits, and customers seeking higher returns on their deposits.

    Credit loss expense of $425 thousand was recorded for the third quarter of 2024 compared to a benefit of $139 thousand recorded for the third quarter of 2023. The increase in expense was to support loan growth during the period and was not due to a deterioration in credit quality. Management continues to assess the adequacy of the Allowance for Credit Losses quarterly.

    Noninterest income, excluding the loss on the bond sale, was $2.9 million for the three months ended September 30, 2024 compared to $2.5 million for the same period in 2023. Sales of qualifying residential loans to the secondary market for the third quarter of 2024 were $35.2 million resulting in net gains of $540 thousand, compared to sales of $24.7 million and net gains on sales of $336 thousand for the same period in 2023. Noninterest expenses increased $483 thousand, or 5.4%, to $9.4 million for the three months ended September 30, 2024 compared to $8.9 million for the same period in 2023. The increase during the comparison period was due to increases of $295 thousand in salaries and wages, $305 thousand in employee benefits, $46 thousand in occupancy expenses, $71 thousand in equipment expenses, partially offset by a decrease of $234 thousand in other expenses.

    Income tax benefit was $123 thousand for the three months ended September 30, 2024 a decrease of $419 thousand compared to income tax expense of $296 thousand for the same period in 2023. The decrease is primarily attributable to the income tax benefit resulting from the $1.3 million loss on the bond sale.

    Dividend Declared

    The Board of Directors declared a cash dividend of $0.36 per share for the quarter payable November 7, 2024 to shareholders of record as of October 26, 2024.

    About Union Bankshares, Inc.

    Union Bankshares, Inc., headquartered in Morrisville, Vermont, is the bank holding company parent of Union Bank, which provides commercial, retail, and municipal banking services, as well as, wealth management services throughout northern Vermont and New Hampshire. Union Bank operates 19 banking offices, three loan centers, and multiple ATMs throughout its geographical footprint.

    Since 1891, Union Bank has helped people achieve their dreams of owning a home, saving for retirement, starting or expanding a business and assisting municipalities to improve their communities. Union Bank has earned an exceptional reputation for residential lending programs and has been recognized by the US Department of Agriculture, Rural Development for the positive impact made in lives of low to moderate home buyers. Union Bank is consistently one of the top Vermont Housing Finance Agency mortgage originators and has also been designated as an SBA Preferred lender for its participation in small business lending. Union Bank’s employees contribute to the communities where they work and reside, serving on non-profit boards, raising funds for worthwhile causes, and giving countless hours in serving our fellow residents. All of these efforts have resulted in Union receiving and “Outstanding” rating for its compliance with the Community Reinvestment Act (“CRA”) in its most recent examination. Union Bank is proud to be one of the few independent community banks serving Vermont and New Hampshire and we maintain a strong commitment to our core traditional values of keeping deposits safe, giving customers convenient financial choices and making loans to help people in our local communities buy homes, grow businesses, and create jobs. These values–combined with financial expertise, quality products and the latest technology–make Union Bank the premier choice for your banking services, both personal and business. Member FDIC. Equal Housing Lender.

    Forward-Looking Statements

    Statements made in this press release that are not historical facts are forward-looking statements. Investors are cautioned that all forward-looking statements necessarily involve risks and uncertainties, and many factors could cause actual results and events to differ materially from those contemplated in the forward-looking statements. When we use any of the words “believes,” “expects,” “anticipates” or similar expressions, we are making forward-looking statements. The following factors, among others, could cause actual results and events to differ from those contemplated in the forward-looking statements: uncertainties associated with general economic conditions; changes in the interest rate environment; inflation; political, legislative or regulatory developments; acts of war or terrorism; the markets’ acceptance of and demand for the Company’s products and services; technological changes, including the impact of the internet on the Company’s business and on the financial services market place generally; the impact of competitive products and pricing; and dependence on third party suppliers. For further information, please refer to the Company’s reports filed with the Securities and Exchange Commission at http://www.sec.gov or on our investor page at http://www.ublocal.com.

    Contact: David S. Silverman
    (802) 888-6600

    The MIL Network

  • MIL-OSI Russia: IMF Staff Completes 2024 Article IV Mission to The Kingdom of Bahrain

    Source: IMF – News in Russian

    October 16, 2024

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • Growth remained resilient in 2023, despite tight financial conditions, heightened geopolitical uncertainty, and tensions in the broader region.
    • Government debt is high and additional fiscal measures and structural reforms will be needed to put it onto a durable downward path.
    • Financial stability has been well-maintained and efforts to deepen financial markets should continue.

    Washington, DC: An International Monetary Fund (IMF) mission led by Mr. John Bluedorn visited Manama during September 29–October 10, 2024 to conduct discussions for the 2024 Article IV consultation. The mission will submit a report to IMF management and Executive Board, which is scheduled to discuss the Article IV consultation in November.

    At the conclusion of the visit, Mr. Bluedorn issued the following statement:

    “Despite further tightening of financial conditions and heightened geopolitical uncertainty, Bahrain’s real GDP grew at 3 percent in 2023, while CPI inflation fell to 0.1 percent. However, the fiscal position declined in 2023, with the overall fiscal balance to GDP falling by 3.3 percentage points to –8.5 percent and gross government debt to GDP increasing by 12 percentage points to 123 percent. This marked a change from the notable improvements in 2021 and 2022 under the revised Fiscal Balance Program (FBP), when Bahrain recorded rises in the overall primary balance of about 6 percentage points of GDP on average per year. The ratio of nonhydrocarbon revenues to primary recurrent expenditures (excluding extrabudgetary spending) remained at its FBP target of about 40 percent in 2023. The current account stayed in surplus at 5.9 percent of GDP in 2023, but down from its peak in the previous year.

    “Growth is anticipated to remain at 3 percent in 2024 and rise to 3.5 percent in 2025, with the completion of refinery upgrades in the manufacturing sector and a pick-up in private sector credit growth supporting greater private investment. Over the medium-term, real GDP is expected to grow at around 3 percent, driven by nonhydrocarbon GDP, which is expected to grow to account for about 90 percent of the economy by 2029. CPI inflation is projected to rise to 1.2 percent in 2024, before steadily converging to 2 percent over the medium term.

    “To put government debt to GDP onto a durable downward path, a multi-year and pre-committed fiscal consolidation and reform package is the policy priority. In this regard, the recently introduced domestic minimum top-up tax under the OECD/G20 Inclusive Framework is welcome. However, additional steady fiscal efforts over multiple years, appropriately staggered to smooth the adjustment, remain necessary. These efforts would include raising nonhydrocarbon revenue, rationalizing current spending, and reducing subsidies while increasing social transfers to protect the vulnerable and supporting investment. This package would balance growth and equity considerations and fiscal sustainability.

    “The Central Bank of Bahrain should continue to closely follow the U.S. Federal Reserve in changes to its policy stance. Looking forward, the anticipated easing of monetary conditions will mitigate the growth impact from fiscal adjustment, which in turn further supports the build-up of external buffers. Formalizing and implementing a bank resolution framework would build on a tradition of sound financial sector supervision and regulation and help safeguard financial stability. Further developing the local currency bond market and the non-bank financial sector, while closely monitoring interconnectedness between banks and non-banks, would promote greater financial market deepening and the diversification of financing sources for the broader economy.

    “Economic diversification has progressed well, but additional reforms would foster higher, greener, and more inclusive medium-term growth. Building upon existing efforts, policies to further boost inclusion and productivity include expanding well-designed programs to enhance human capital and close identified skill gaps, improving small and medium-sized enterprises’ access to finance, and harnessing the digital transformation. By raising growth, the measures would also hasten the decline in the debt-to-GDP ratio and ease the fiscal adjustment. Gradually reducing energy subsidies while increasing renewable energy investments would also bolster Bahrain’s moves toward its emission reduction goals and ensure a smooth energy transition.  

    “The recent implementation of the National Summary Data Page (NSDP), one of the key recommendations of the IMF’s enhanced General Data Dissemination Standards (e-GDDS), is a welcome change and a testament to Bahrain’s commitment to improving data quality and transparency, with the aim to subscribe to the Special Data Dissemination Standard (SDDS) in the near future. Such enhancements are an important public good and will help national decision-makers and domestic and international stakeholders to improve their monitoring of macroeconomic and financial developments in Bahrain.

    “The IMF mission team wishes to express its appreciation to the Bahraini authorities for their cooperation, hospitality, and engaging and helpful discussions.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Mayada Ghazala

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/16/pr-24376-bahrain-imf-staff-completes-2024-article-iv-mission

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI: Stifel Financial Schedules Third Quarter 2024 Financial Results Conference Call

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, Oct. 16, 2024 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) will release its third quarter 2024 financial results before the market opens on Wednesday, October 23, 2024. The company will host a conference call to review the results at 9:30 a.m. Eastern time that same day. The conference call may include forward-looking statements.

    All interested parties are invited to listen to Stifel Chairman and CEO Ronald J. Kruszewski by dialing (866) 409-1555 and referencing participant ID 7408307. A live audio webcast of the call, as well as a presentation highlighting the company’s results, will be available through Stifel’s website, http://www.stifel.com. For those who cannot listen to the live broadcast, a replay of the broadcast will be available through the above-referenced website beginning approximately one hour following the completion of the call.

    Stifel Company Information
    Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at http://www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

    Stifel Investor Relations Contact
    Joel Jeffrey, Senior Vice President
    (212) 271-3610 direct
    investorrelations@stifel.com                                 

    The MIL Network

  • MIL-OSI: PDF Solutions to Report Third Quarter Fiscal 2024 Financial Results on November 7, 2024

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) — PDF Solutions, Inc. (Nasdaq: PDFS), a leading provider of comprehensive data solutions for the semiconductor ecosystem, announced that it will release Third quarter fiscal 2024 financial results after the market close on Thursday, November 7, 2024. John Kibarian, CEO, and Adnan Raza, CFO, will host a live teleconference on Thursday, November 7, 2024, beginning at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the results.

    To participate on the live call, analysts and investors should pre-register at: https://register.vevent.com/register/BI1b05df01d9534a648d4fd2cd753be31c

    Registrants will receive dial-in information and a unique passcode to access the call. We encourage participants to dial-in into the call ten minutes ahead of scheduled time.

    The teleconference will also be webcast simultaneously on the Company’s website at https://ir.pdf.com/webcasts. A replay of the conference call webcast will be available after the call on the Company’s investor relations website.

    About PDF Solutions
    PDF Solutions (Nasdaq: PDFS) provides comprehensive data solutions designed to empower organizations across the semiconductor and electronics industry ecosystems to improve the yield and quality of their products and operational efficiency for increased profitability. The Company’s products and services are used by Fortune 500 companies across the semiconductor ecosystem to achieve smart manufacturing goals by connecting and controlling equipment, collecting data generated during manufacturing and test operations, and performing advanced analytics and machine learning to enable profitable, high-volume manufacturing.

    Founded in 1991, PDF Solutions is headquartered in Santa Clara, California, with operations across North America, Europe, and Asia. The Company (directly or through one or more subsidiaries) is an active member of SEMI, INEMI, TPCA, IPC, the OPC Foundation, and DMDII. For the latest news and information about PDF Solutions or to find office locations, visit https://www.pdf.com/.

    PDF Solutions and the PDF Solutions logo are trademarks or registered trademarks of PDF Solutions, Inc. or its subsidiaries.

    Company Contacts

    Adnan Raza
    Chief Financial Officer
    (408) 516-0237
    adnan.raza@pdf.com

    Sonia Segovia
    Investor Relations
    (408) 938-6491
    sonia.segovia@pdf.com

    The MIL Network

  • MIL-OSI: iRhythm Technologies to Report Third Quarter 2024 Financial Results on October 30, 2024

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 16, 2024 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ:IRTC), a leading digital health care company focused on creating trusted solutions that detect, prevent, and predict disease, today announced that it will release financial results for the third quarter 2024 after the close of trading on Wednesday, October 30, 2024. The company’s management team will host a corresponding conference call beginning at 1:30 p.m. PT / 4:30 p.m. ET.

    Interested parties may access a live and archived webcast of the presentation on the “Events & Presentations” section of the company’s investor website at investors.irhythmtech.com.

    About iRhythm Technologies, Inc.
    iRhythm is a leading digital health care company that creates trusted solutions that detect, predict, and prevent disease. Combining wearable biosensors and cloud-based data analytics with powerful proprietary algorithms, iRhythm distills data from millions of heartbeats into clinically actionable information. Through a relentless focus on patient care, iRhythm’s vision is to deliver better data, better insights, and better health for all.

    Investor Contact
    Stephanie Zhadkevich
    investors@irhythmtech.com

    Media Contact
    Kassandra Perry
    irhythm@highwirepr.com

    The MIL Network

  • MIL-OSI: NVE Schedules Conference Call on Second-Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    EDEN PRAIRIE, Minn., Oct. 16, 2024 (GLOBE NEWSWIRE) — NVE Corporation (Nasdaq: NVEC) announced that it plans to release its financial results for the quarter ended September 30, 2024 on Wednesday, October 23, 2024 after the close of the Nasdaq Regular Market. The company will hold its quarterly conference call later that day at 4:00 p.m. Central Time.

    The quarterly call will be webcast live in a listen-only mode through the Investor Events page of NVE’s Website (www.nve.com). An archive of the call will also be available on NVE’s Website.

    To dial into the conference call, parties should call 855-552-4463 inside the U.S., or 312-479-9427 and enter Meeting ID 7749 14 3539. Parties may request to ask questions on the call by dialing in or loggin into https://chime.aws/7749143539.

    NVE is a leader in the practical commercialization of spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. The company manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data.

    Statements we use that relate to future plans, events, financial results or performance are forward-looking statements that are subject to certain risks and uncertainties including, among others, the risk factors listed from time to time in our filings with the SEC, including our Annual Report on Form 10-K and other reports filed with the SEC.

    ###

    The MIL Network

  • MIL-OSI USA: Ernst Names Small Business of the Week, Greenfield Dental

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)
    RED OAK, Iowa – U.S. Senator Joni Ernst (R-Iowa), Ranking Member of the Senate Small Business Committee, today announced her Small Business of the Week: Greenfield Dental of Adair County. Throughout this Congress, Ranking Member Ernst plans to recognize a small business in every one of Iowa’s 99 counties.
    “While you may think you know the drill with dentists, Greenfield Dental is putting a smile on every face,” said Ranking Member Ernst. “You would think Dr. Frost is as popular as the tooth fairy given all of the rave reviews. The Greenfield Dental team really knows how to fill a need in our community!”  
    In 2018, Dr. Ryan Frost graduated from the University of Iowa’s College of Dentistry. Following graduation, Dr. Frost moved to work at Greenfield Family Dentistry. In 2020, he became the owner and merged with Nodaway Valley Dental to establish Greenfield Dental. Dr. Frost expanded from four workspaces to eleven and further invested in 3D X-ray imaging technology, which enabled Greenfield Dental to provide same-day emergency care, in-office root canals, and dental implant procedures.
    In addition to his role at the practice, Dr. Frost is the treasurer for the Greenfield Main Street Chamber Board and aided in the community’s tornado clean-up and recovery this past spring. This fall, Greenfield Dental will celebrate its fourth business anniversary. 
    Stay tuned as Ranking Member Ernst recognizes more Iowa small businesses across the state with her Small Business of the Week award.

    MIL OSI USA News

  • MIL-OSI: Cipher Mining Announces Date of Third Quarter 2024 Business Update Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a U.S.-based Bitcoin mining company, today announced it will provide a business update and release its third quarter 2024 financial results before U.S. markets open on Thursday, October 31, 2024. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time.

    The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher’s website at https://investors.ciphermining.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.

    About Cipher
    Cipher is an emerging technology company focused on the development and operation of bitcoin mining data centers. Cipher is dedicated to expanding and strengthening the Bitcoin network’s critical infrastructure. Together with its diversely talented team and strategic partnerships, Cipher aims to be a market leader in bitcoin mining growth and innovation. To learn more about Cipher, please visit https://www.ciphermining.com/.

    Contacts:
    Investor Contact:
    Josh Kane
    Head of Investor Relations at Cipher Mining
    josh.kane@ciphermining.com

    Media Contact:
    Ryan Dicovitsky / Kendal Till
    Dukas Linden Public Relations
    CipherMining@DLPR.com

    The MIL Network

  • MIL-OSI: PellerTrading Launches Advanced Cryptocurrency Trading Platform for German Investors

    Source: GlobeNewswire (MIL-OSI)

    London, UK, Oct. 16, 2024 (GLOBE NEWSWIRE) — In response to growing demand for cryptocurrency trading tools in Germany, PellerTrading has unveiled a significant upgrade to its trading platform. Known for its innovative approach, PellerTrading is positioning itself as the go-to solution for cryptocurrency enthusiasts in the country. With new features that cater specifically to German investors, the platform offers cutting-edge AI-driven tools, enhanced security, and user-friendly interfaces designed to streamline the trading experience.

    Platform Enhancements for German Clients

    The new upgrades introduced by PellerTrading include AI-powered market prediction tools and advanced analytics, allowing traders to make more informed decisions in real time. These features enable users to take advantage of the rapid fluctuations in the cryptocurrency market, providing critical insights that can lead to more successful trades.

    “With the ever-evolving nature of cryptocurrency markets, traders need advanced tools to stay ahead,” said the CEO of PellerTrading. “Our platform is specifically designed to meet the unique demands of the German market, offering state-of-the-art security and real-time analytics. This upgrade will help German traders capitalize on the opportunities in this dynamic space.”

    Relevance to German Cryptocurrency Traders

    Cryptocurrency adoption in Germany has been on the rise, with increasing numbers of investors looking for reliable and innovative platforms. PellerTrading recognizes this demand and is fully committed to providing its German clientele with the best trading experience available. With a robust set of security measures, including multi-factor authentication and encrypted transactions, the platform ensures that all users can trade with confidence.

    The focus on the German market is part of PellerTrading‘s broader strategy to support traders with localized solutions tailored to their needs. The new platform enhancements also include faster transaction processing times, which are critical for those trading in the fast-moving world of cryptocurrency.

    “German traders deserve a platform that not only performs well but also keeps their investments safe,” the CEO added. “Our new features, combined with our dedication to user security, make PellerTrading the ideal platform for both new and experienced traders in Germany.”

    What’s Next for German Traders?

    With this update, PellerTrading is setting the standard for what cryptocurrency traders can expect from a platform. German investors can now access an array of advanced tools to better navigate the volatile crypto markets, all while enjoying a seamless and secure trading experience.

    Call to Action for German Investors

    For cryptocurrency enthusiasts in Germany, PellerTrading offers an unrivaled opportunity to elevate their trading strategies. With AI-driven insights, real-time data, and a secure platform tailored specifically for the German market, PellerTrading is the ultimate destination for those looking to succeed in the world of digital assets.

    To learn more and to start trading, visit PellerTrading today.

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    The MIL Network

  • MIL-OSI Translation: 16/10/2024 Euro bond pricing – detailed information

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    In reference to the announcement on the valuation made on October 15 of 7-year and 15-year benchmark bonds denominated in euro with maturities of October 22, 2031 and October 22, 2039, respectively, the Ministry of Finance presents additional information on the structure of purchasers. The structure of bond purchasers was diversified. The buyers of 7-year bonds were investors from: Great Britain and Ireland (24%), Germany and Austria (17%), Benelux countries (11%), France (8%), Scandinavian countries (8%), Asia (8%), Southern Europe (7%), Central and Eastern Europe (excluding Poland) (4%), Poland (3%), United States (3%), Switzerland (2%) and other countries (5%). The entity structure of investors of 7-year bonds included: investment funds (47%), banks (22%), central banks and public institutions (18%), hedge funds (9%), insurance institutions and pension funds (3%) and other financial institutions (1%). The buyers of 15-year bonds were investors from: Germany and Austria (27%), Great Britain and Ireland (25%), Southern Europe (14%), France (9%), Central and Eastern Europe (excluding Poland) (6%), Poland (5%), Scandinavian countries (4%), Switzerland (4%), Benelux countries (2%) and others (4%). The entity structure of investors of 15-year bonds included: investment funds (58%), banks (15%), insurance institutions and pension funds (13%), hedge funds (12%), central banks and public institutions (1%) and other financial institutions (1%).

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI USA: Governor McKee, City and Town Officials Highlight RhodeRestore—Governor McKee’s Municipal Road Grant Program

    Source: US State of Rhode Island

    Published on Wednesday, October 16, 2024

    WARWICK, RI – Governor Dan McKee, Rhode Island Department of Transportation (RIDOT) Director Peter Alviti, Jr., Warwick Mayor Frank Picozzi, North Providence Mayor Charles Lombardi and South Kingstown Town Administrator James Manni, as well as Warwick Representative Joseph Solomon Jr. (D-District 22, Warwick) and Senator Matthew LaMountain (D-District 31, Warwick, Cranston), gathered at a Jefferson Boulevard site to highlight progress and announce new funding for RhodeRestore, Governor McKee’s Municipal Road Grant Program.

    For FY25, RhodeRestore will provide $7 million in state funding to be matched at a ratio of 33 percent state funds and 67 percent local funds. The $7 million is being divided evenly among all 39 municipalities; each is eligible to receive up to $184,000. Cities and towns across the state are already submitting their applications; nearly 130 have been approved to date, with more than 100 more under review.

    “RhodeRestore has been a huge success, enabling our administration to help cities and towns fund necessary improvements to roads that otherwise might not be able to be repaired for several years,” Governor Dan McKee said. “Together with the work we’re doing at the state level, we’ll improve Rhode Island’s infrastructure rankings while providing smoother, safer roads for our residents.”

    “RIDOT is proud to help our cities and towns apply and be reimbursed for these funds,” RIDOT Director Peter Alviti said. “Most people don’t know that 80 percent of all the roads in Rhode Island are not maintained by RIDOT, but by our cities and towns. I thank the Governor for making it a priority to address the condition of our local roads.”

    In FY24, the debut year of RhodeRestore, the program provided $20 million in state funding to municipalities in Rhode Island, serving as a one-third match to city and town dollars that funded two-thirds of the cost of locally maintained road repair projects. Collectively, the program yielded $74 million of improvements, funding repairs in 823 projects to 522 lane miles of road, 129,700 linear feet of sidewalks, and two bridges. All 39 cities and towns participated in the program.

    The total value of projects in the second year of RhodeRestore is expected to reach $21 million, and could grow higher as municipalities complete their applications. RIDOT will approve the new applications on a rolling basis. Most communities have indicated they will start these new projects as soon as possible next spring.

    “The Municipal Road Grant Program has been a resounding success for every community in this state,” said Representative Joseph Solomon Jr. “I’m proud to have worked with the rest of the General Assembly to provide this funding which has been well-utilized for so many projects throughout the state. I’m gratified that this money has been put to good use, and I look forward to seeing more of these projects in the future.”

    “Ailing roads and sidewalks are a serious issue that impacts quality of life in neighborhoods across Rhode Island,” said Senator Matthew LaMountain. “The RhodeRestore Program is an outstanding example of how state and local partnership can effectively address these challenges. I am extremely grateful for the support this program is providing to help improve essential infrastructure in the City of Warwick and across our state.”

    Today’s announcement was held at the Gamm Theatre on Jefferson Boulevard, which is the widest and longest municipal road in Warwick. The city initiated a $1.6 million project that paved a total of 6.1 lane miles from I-95 to Main Avenue. Jefferson Boulevard is an import commercial corridor linking several types of businesses, including shipping companies, financial institutions, retail and wholesale businesses, and the TF Green commuter rail station. Additionally, Warwick completed 34 projects using $1.42 million in SFY2024 funding. The total value of projects in Warwick is $5.2 million.

    “The RhodeRestore program greatly stretched our paving budget which enabled us to take on some large projects in the city and for that, we are extremely grateful,” said Warwick Mayor Frank Picozzi.

    Also discussed was the repaving work in North Providence. Speaking of his city’s FY24 budget, North Providence Mayor Charles Lombardi explained, “Our annual budget allowed us to pave 48 roads, but thanks to Governor McKee’s Municipal Road Grant Program, we were able to pave an additional 11 roads.” When combining the FY24 RhodeRestore funding and the new FY25 award, North Providence will be able to repave nearly 100 city roads.”

    In Southern Rhode Island, South Kingstown is utilizing funds from both the first and second years of RhodeRestore to pave the entirety of Old North Road. This road not only serves many residential properties from Kingston village in Route 138 heading north toward Stony Fort Road and Slocum, but many students, staff, and faculty at the University of Rhode Island’s primary campus.

    “The Town of South Kingstown is very appreciative of the $744K in grants received over the past two years from the Rhode Island Municipal Road and Bridge Program,” said South Kingstown Town Manager James Manni. “This significant funding support from the Governor has allowed the Town to accelerate its road paving program by 25% impacting hundreds of properties and thousands of residents.”

    Pawtucket Mayor Donald Grebien, who was able to upgrade two bridges with the RhodeRestore funding, also provided the following statement: “We are grateful to have received $184,000, and $684,000 last fiscal year from the RhodeRestore program this year, which will be dedicated to citywide paving projects. These funds will help address some of Pawtucket’s most urgent paving needs, improving bridge and road safety and enhancing the quality of life for our residents. We remain committed to working with state and local leaders to ensure that every dollar is used effectively to benefit our communities. These projects are about more than just roads and bridges—they’re about safety, accessibility, and building a stronger future for Pawtucket.”

    The public can track the progress of RhodeRestore online at http://www.ridot.net/RhodeRestore. The web also includes an interactive dashboard that reports on the number of approved projects and their dollar value by community. 

    MIL OSI USA News

  • MIL-OSI USA: Oct 16, 2024 Guelph Transit Workers File for No-Board Report as Contract Talks Reach an Impasse

    Source: US Amalgamated Transit Union

    ATU Local 1189 Warning the Public of Possible Service Disruptions 

    GUELPH, ON – After filing for a No-Board report with the Ministry of Labour when negotiations with the City of Guelph broke down, the Amalgamated Transit Union (ATU) Local 1189, representing approximately 260 Transit professionals at Guelph Transit, is advising the riding public that interruptions to public transit services could take effect as early as the beginning of November.

    “Let me be clear, we are committed to ensuring that our passengers are kept informed and are not left scrambling or stranded at bus stops, so the ATU will not withdraw our service or take direct strike action without giving a 3-day notice to our Riders,” said ATU Local 1189 President/Business Agent Scott Bate.

    The parties remain miles apart from a deal – and there are no additional days scheduled to bargain before the deadline, but ATU 1189 is ready to meet anytime in the interest of getting a fair deal done for its members.

    “While we have no way of predicting what next steps the Employer is contemplating, we believe it’s important to let riders and the general public know: if a disruption to transit occurs at the beginning of November, it will be a direct result of the Employer refusing to negotiate a fair contract and the City’s refusal to stop bringing concessions to the table. It will not be an action taken lightly by the ATU,” Bate continued.

    “Our negotiations team knows how important transit service is to our community, and we deeply care about those who depend on us, so we are fully committed to getting this contract settled at the bargaining table by reaching the fair deal that our members deserve – but Guelph Transit must come back to the table prepared to make an offer that meets the needs of our transit workers. If not, our members are prepared to do what is necessary to get a fair deal.”

    Frustrated by a lack of progress with negotiations, Guelph Transit workers voted 99.5% in favour of a strike if it becomes necessary. 

    After months of negotiations, it has become clear that the City of Guelph has no interest in giving their transit workers the fair and just contract they deserve,” said ATU International President John Costa. “The ATU International, with our more than 200,000 members across North America, support our Local 1189 members in their struggle.”

    MIL OSI USA News

  • MIL-OSI USA: FEMA Assistance Available to Georgia Renters After Storms

    Source: US Federal Emergency Management Agency 2

    strong>ATLANTA. – FEMA assistance is available to renters, including students, with uninsured losses from Hurricane Helene and Tropical Storm Debby, with an incident period of Aug. 4–20, 2024. 

    FEMA may be able to help renters as well as homeowners with serious needs, displacement costs, temporary lodging, basic home repair costs, personal property loss or other disaster-caused needs. Renters may qualify for assistance including the replacement or repair of necessary personal property, such as furniture, appliances, clothing, textbooks or school supplies; replacement or repair of tools and other job-related equipment; vehicle repair; and medical/dental bills.

    Assistance is available to people with disaster-caused damage in Appling, Atkinson, Bacon, Ben Hill, Berrien, Brantley, Brooks,  Bryan, Bulloch, Burke, Butts, Camden, Candler, Charlton, Chatham, Clinch, Coffee, Colquitt, Columbia, Cook, Dodge, Echols, Effingham, Elbert, Emanuel, Evans, Fulton, Glascock, Glynn, Hancock, Irwin, Jeff Davis, Jefferson, Jenkins, Johnson, Lanier, Laurens, Liberty, Lincoln, Long, Lowndes, McDuffie, McIntosh, Montgomery, Newton, Pierce, Rabun, Richmond, Screven, Tattnall, Telfair, Thomas, Tift, Toombs, Treutlen, Ware, Warren, Washington, Wayne and Wheeler counties.

    There are several ways to apply: Go online to DisasterAssistance.gov, use the FEMA App or call the FEMA Helpline at 800-621-3362. The telephone line is open every day and help is available in most languages. If you use a relay service such as Video Relay Service, captioned telephone or other service, give FEMA your number for that service.

    To view an accessible video on how to apply, visit Three Ways to Apply for FEMA Disaster Assistance – YouTube.

    What You’ll Need When You Apply

    • A current phone number where you can be contacted.
    • Your address at the time of the disaster and the address where you are now staying.
    • Your Social Security number.
    • A general list of damage and losses.
    • Banking information if you choose direct deposit.
    • If insured, the policy number or the agent and/or the company name.

    If you have homeowners, renters or flood insurance, you should file a claim as soon as possible. FEMA cannot duplicate benefits for losses covered by insurance. If your policy does not cover all your disaster expenses, you may be eligible for federal assistance.

    U.S. Small Business Administration Disaster Loans

    The U.S. Small Business Administration (SBA), FEMA’s federal partner in disaster recovery, may also be able to help. FEMA has streamlined the application process so people can apply to FEMA and SBA at the same time. The SBA disaster loan program is designed for your long-term recovery, to make you whole and get you back to your pre-disaster condition. No need to wait on the decision for a FEMA grant or for your insurance to settle; apply online and receive additional disaster assistance information at sba.gov/disaster.

    SBA representatives will also be available to provide one-on-one assistance to disaster loan applicants at Disaster Recovery Centers scheduled to open throughout Georgia. In addition, applicants may call the SBA’s Customer Service Center at (800) 659-2955 or send an email to disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. 

    For the latest information about Georgia’s recovery, visit fema.gov/disaster/4830. Follow FEMA on X at x.com/femaregion4 or on Facebook at facebook.com/fema.

    MIL OSI USA News

  • MIL-OSI USA: Twelve Additional North Carolina Counties Eligible for FEMA Individual Assistance

    Source: US Federal Emergency Management Agency 2

    strong>RALEIGH, N.C. – Homeowners and renters in Cabarrus, Cherokee, Forsyth, Graham, Iredell, Lee, Nash, Rowan, Stanly, Surry, Union and Yadkin counties who had uninsured damage or losses caused by Tropical Storm Helene are now eligible to apply for FEMA disaster assistance.

    FEMA may be able to help with serious needs, displacement, temporary lodging, basic home repair costs, personal property loss or other disaster-caused needs. Previously, Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mecklenburg, Mitchell, Polk, Rutherford, Swain, Transylvania, Watauga, Wilkes and Yancey counties and the Eastern Band of Cherokee Indians were authorized for assistance to households.

    The quickest way to apply is to go online to DisasterAssistance.gov. You can also apply using the FEMA App for mobile devices or calling toll-free 800-621-3362. The telephone line is open every day and help is available in most languages. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service. To view an accessible video on how to apply visit Three Ways to Apply for FEMA Disaster Assistance – YouTube. 

    What You’ll Need When You Apply

    • A current phone number where you can be contacted.
    • Your address at the time of the disaster and the address where you are now staying.
    • Your Social Security number.
    • A general list of damage and losses.
    • Banking information if you choose direct deposit.
    • If insured, the policy number or the agent and/or the company name.

    If you have homeowners, renters’ or flood insurance, you should file a claim as soon as possible. FEMA cannot duplicate benefits for losses covered by insurance. If your policy does not cover all your disaster expenses, you may be eligible for federal assistance.

    For the latest information about North Carolina recovery, visit Hurricane Helene | NC DPS or fema.gov/disaster/4827. Follow FEMA on X at x.com/femaregion4 or on Facebook at facebook.com/fema.

    MIL OSI USA News

  • MIL-OSI USA: Iranian Cyber Actors’ Brute Force and Credential Access Activity Compromises Critical Infrastructure Organizations

    News In Brief – Source: US Computer Emergency Readiness Team

    Summary

    The Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), the National Security Agency (NSA), the Communications Security Establishment Canada (CSE), the Australian Federal Police (AFP), and Australian Signals Directorate’s Australian Cyber Security Centre (ASD’s ACSC) are releasing this joint Cybersecurity Advisory to warn network defenders of Iranian cyber actors’ use of brute force and other techniques to compromise organizations across multiple critical infrastructure sectors, including the healthcare and public health (HPH), government, information technology, engineering, and energy sectors. The actors likely aim to obtain credentials and information describing the victim’s network that can then be sold to enable access to cybercriminals.

    Since October 2023, Iranian actors have used brute force, such as password spraying, and multifactor authentication (MFA) ‘push bombing’ to compromise user accounts and obtain access to organizations. The actors frequently modified MFA registrations, enabling persistent access. The actors performed discovery on the compromised networks to obtain additional credentials and identify other information that could be used to gain additional points of access. The authoring agencies assess the Iranian actors sell this information on cybercriminal forums to actors who may use the information to conduct additional malicious activity.

    This advisory provides the actors’ tactics, techniques, and procedures (TTPs) and indicators of compromise (IOCs). The information is derived from FBI engagements with entities impacted by this malicious activity.

    The authoring agencies recommend critical infrastructure organizations follow the guidance provided in the Mitigations section. At a minimum, organizations should ensure all accounts use strong passwords and register a second form of authentication.

    Download the PDF version of this report:

    For a downloadable list of IOCs, see:

    Technical Details

    Note: This advisory uses the MITRE ATT&CK® for Enterprise framework, version 15. See the MITRE ATT&CK Tactics and Techniques section in Appendix A for a table of the actors’ activity mapped to MITRE ATT&CK tactics and techniques.

    Overview of Activity

    The actors likely conduct reconnaissance operations to gather victim identity [T1589] information. Once obtained, the actors gain persistent access to victim networks frequently via brute force [T1110]. After gaining access, the actors use a variety of techniques to further gather credentials, escalate privileges, and gain information about the entity’s systems and network. The actors also move laterally and download information that could assist other actors with access and exploitation.

    Initial Access and Persistence

    The actors use valid user and group email accounts [T1078], frequently obtained via brute force such as password spraying [T1110.003] although other times via unknown methods, to obtain initial access to Microsoft 365, Azure [T1078.004], and Citrix systems [T1133]. In some cases where push notification-based MFA was enabled, the actors send MFA requests to legitimate users seeking acceptance of the request. This technique—bombarding users with mobile phone push notifications until the user either approves the request by accident or stops the notifications— is known as “MFA fatigue” or “push bombing” [T1621].

    Once the threat actors gain access to an account, they frequently register their devices with MFA to protect their access to the environment via the valid account:

    • In two confirmed compromises, the actors leveraged a compromised user’s open registration for MFA [T1556.006] to register the actor’s own device [T1098.005] to access the environment.
    • In another confirmed compromise, the actors used a self-service password reset (SSPR) tool associated with a public facing Active Directory Federation Service (ADFS) to reset the accounts with expired passwords [T1484.002] and then registered MFA through Okta for compromised accounts without MFA already enabled [T1556] [T1556.006].

    The actors frequently conduct their activity using a virtual private network (VPN) service [T1572]. Several of the IP addresses in the actors’ malicious activity originate from exit nodes tied to the Private Internet Access VPN service.

    Lateral Movement

    The actors use Remote Desktop Protocol (RDP) for lateral movement [T1021.001]. In one instance, the actors used Microsoft Word to open PowerShell to launch the RDP binary mstsc.exe [T1202].

    Credential Access

    The actors likely use open-source tools and methodologies to gather more credentials. The actors performed Kerberos Service Principal Name (SPN) enumeration of several service accounts and received Kerberos tickets [T1558.003]. In one instance, the actors used the Active Directory (AD) Microsoft Graph Application Program Interface (API) PowerShell application likely to perform a directory dump of all AD accounts. Also, the actors imported the tool [T1105] DomainPasswordSpray.ps1, which is openly available on GitHub [T1588.002], likely to conduct password spraying. The actors also used the command Cmdkey /list, likely to display usernames and credentials [T1555].

    Privilege Escalation

    In one instance, the actors attempted impersonation of the domain controller, likely by exploiting Microsoft’s Netlogon (also known as ”Zerologon”) privilege escalation vulnerability (CVE-2020-1472) [T1068].

    Discovery

    The actors leverage living off the land (LOTL) to gain knowledge about the target systems and internal networks. The actors used the following Windows command-line tools to gather information about domain controllers [T1018], trusted domains [T1482], lists of domain administrators, and enterprise administrators [T1087.002] [T1069.002] [T1069.003]:

    • Nltest /dclist
    • Nltest /domain_trusts
    • Nltest /domain_trusts/all_trusts
    • Net group “Enterprise admins” /domain
    • Net group “Domain admins” /domain

    Next, the actors used the following Lightweight Directory Access Protocol (LDAP) query in PowerShell [T1059.001]to search the AD for computer display names, operating systems, descriptions, and distinguished names [T1082].

                                               $i=0
                                               $D= [System.DirectoryServices.ActiveDirectory.Domain]::GetCurrentDomain()
                                               $L='LDAP://' . $D
                                               $D = [ADSI]$L
                                               $Date = $((Get-Date).AddDays(-90).ToFileTime())
                                               $str = '(&(objectcategory=computer)(operatingSystem=*serv*)(|(lastlogon>='+$Date+')(lastlogontimestamp>='+$Date+')))'
                                               $s = [adsisearcher]$str
                                               $s.searchRoot = $L.$D.distinguishedName
                                               $s.PropertiesToLoad.Add('cn') > $Null
                                               $s.PropertiesToLoad.Add('operatingsystem') > $Null
                                               $s.PropertiesToLoad.Add('description') > $Null
                                               $s.PropertiesToLoad.Add('distinguishedName') > $Null
                                               Foreach ($CA in $s.FindAll()) {
                                                             Write-Host $CA.Properties.Item('cn')
                                                             $CA.Properties.Item('operatingsystem')
                                                             $CA. Properties.Item('description')
                                                             $CA.Properties.Item('distinguishedName')
                                                             $i++
                                               }
                                               Write-host Total servers: $i

    Command and Control

    On one occasion, using msedge.exe, the actors likely made outbound connections to Cobalt Strike Beacon command and control (C2) infrastructure [T1071.001].

    Exfiltration and Collection

    In a couple instances, while logged in to victim accounts, the actors downloaded files related to gaining remote access to the organization and to the organization’s inventory [T1005], likely exfiltrating the files to further persist in the victim network or to sell the information online.

    Detection

    To detect brute force activity, the authoring agencies recommend reviewing authentication logs for system and application login failures of valid accounts and looking for multiple, failed authentication attempts across all accounts.

    To detect the use of compromised credentials in combination with virtual infrastructure, the authoring agencies recommend the following steps:

    • Look for “impossible logins,” such as suspicious logins with changing usernames, user agent strings, and IP address combinations or logins where IP addresses do not align to the user’s expected geographic location.
    • Look for one IP used for multiple accounts, excluding expected logins.
    • Look for “impossible travel.” Impossible travel occurs when a user logs in from multiple IP addresses with significant geographic distance (i.e., a person could not realistically travel between the geographic locations of the two IP addresses during the period between the logins). Note: Implementing this detection opportunity can result in false positives if legitimate users apply VPN solutions before connecting into networks.
    • Look for MFA registrations with MFA in unexpected locales or from unfamiliar devices.
    • Look for processes and program execution command-line arguments that may indicate credential dumping, especially attempts to access or copy the ntds.dit file from a domain controller.
    • Look for suspicious privileged account use after resetting passwords or applying user account mitigations.
    • Look for unusual activity in typically dormant accounts.
    • Look for unusual user agent strings, such as strings not typically associated with normal user activity, which may indicate bot activity.

    Mitigations

    The authoring agencies recommend organizations implement the mitigations below to improve organizations’ cybersecurity posture based on the actors’ TTPs described in this advisory. These mitigations align with the Cross-Sector Cybersecurity Performance Goals (CPGs) developed by CISA. The CPGs, which are organized to align to the National Institute of Standards and Technology (NIST) Cybersecurity Framework, are a subset of cybersecurity practices, aimed at meaningfully reducing risks to both critical infrastructure operations and the American people. These voluntary CPGs strive to help small- and medium-sized organizations kick-start their cybersecurity efforts by prioritizing investment in a limited number of essential actions with high-impact security outcomes. Visit CISA’s Cross-Sector Cybersecurity Performance Goals for more information on the CPGs, including additional recommended baseline protections.

    • Review IT helpdesk password management related to initial passwords, password resets for user lockouts, and shared accounts. IT helpdesk password procedures may not align to company policy for user verification or password strength, creating a security gap. Avoid common passwords (e.g. “Spring2024” or “Password123!”).
    • Disable user accounts and access to organizational resources for departing staff [CPG 2.D]. Disabling accounts can minimize system exposure, removing options actors can leverage for entry into the system. Similarly, create new user accounts as close as possible to an employee’s start date.
    • Implement phishing-resistant MFA [CPG 2.H]. See CISA’s resources Phishing-Resistant Multifactor Authentication and More than a Password for additional information on strengthening user credentials.
    • Continuously review MFA settings to ensure coverage over all active, internet-facing protocols to ensure no exploitable services are exposed [CPG 2.W].
    • Provide basic cybersecurity training to users [CPG 2.I] covering concepts such as:
      • Detecting unsuccessful login attempts [CPG 2.G].
      • Having users deny MFA requests they have not generated.
      • Ensuring users with MFA-enabled accounts have MFA set up appropriately.
    • Ensure password policies align with the latest NIST Digital Identity Guidelines.
      • Meeting the minimum password strength [CPG 2.B] by creating a password using 8-64 nonstandard characters and long passphrases, when possible.
    • Disable the use of RC4 for Kerberos authentication.

    These mitigations apply to critical infrastructure entities across sectors.

    The authoring agencies also recommend software manufacturers incorporate secure by design principles and tactics into their software development practices to protect their customers against actors using compromised credentials, thereby strengthening the security posture of their customers.  For more information on secure by design, see CISA’s Secure by Design webpage and joint guide.

    Validate Security Controls

    In addition to applying mitigations, the authoring agencies recommend exercising, testing, and validating organization security programs against the threat behaviors mapped to the MITRE ATT&CK for Enterprise framework in this advisory. The authoring agencies recommend testing your existing security controls inventory to assess how they perform against the ATT&CK techniques described in this advisory.

    To get started:

    1. Select an ATT&CK technique described in this advisory (see Table 1 to Table 12).
    2. Align your security technologies against the technique.
    3. Test your technologies against the technique.
    4. Analyze your detection and prevention technologies’ performance.
    5. Repeat the process for all security technologies to obtain a set of comprehensive performance data.
    6. Tune your security program, including people, processes, and technologies, based on the data generated by this process.

    The authoring agencies recommend continually testing your security program, at scale, in a production environment to ensure optimal performance against the MITRE ATT&CK techniques identified in this advisory.

    Contact Information

    Organizations are encouraged to report suspicious or criminal activity related to information in this advisory to:

    • CISA via CISA’s 24/7 Operations Center [report@cisa.gov or 1-844-Say-CISA (1-844-729-2472)] or your local FBI field office. When available, please include the following information regarding the incident: date, time, and location of the incident; type of activity; number of people affected; type of equipment used for the activity; the name of the submitting company or organization; and a designated point of contact.
    • For NSA cybersecurity guidance inquiries, contact CybersecurityReports@nsa.gov.

    Disclaimer

    The information in this report is being provided “as is” for informational purposes only. The authoring agencies do not endorse any commercial entity, product, company, or service, including any entities, products, or services linked within this document. Any reference to specific commercial entities, products, processes, or services by service mark, trademark, manufacturer, or otherwise, does not constitute or imply endorsement, recommendation, or favoring by the authoring agencies.

    Intrusion events connected to this Iranian group may also include a different set of cyber actors–likely the third-party actors who purchased access from the Iranian group via cybercriminal forums or other channels. As a result, some TTPs and IOCs noted in this advisory may be tied to these third-party actors, not the Iranian actors. The TTPs and IOCs are in the advisory to provide recipients the most complete picture of malicious activity that may be observed on compromised networks. However, exercise caution if formulating attribution assessments based solely on matching TTPs and IOCs.

    Version History

    October 16, 2024: Initial version.

    Appendix A: MITRE ATT&CK Tactics and Techniques

    See Tables 1–12 for all referenced actors’ tactics and techniques in this advisory. For assistance with mapping malicious cyber activity to the MITRE ATT&CK framework, see CISA and MITRE ATT&CK’s Best Practices for MITRE ATT&CK Mapping and CISA’s Decider Tool.

    Table 1: Reconnaissance
    Technique Title  ID Use
    Gather Victim Identity Information T1589 The actors likely gathered victim information.
    Table 2: Resource Development
    Technique Title  ID Use
    Obtain Capabilities: Tool T1588.002 The actors obtained a password spray tool through an open-source repository.
    Table 3: Initial Access
    Technique Title ID Use
    Valid Accounts T1078 The actors used password spraying to obtain valid user and group email account credentials, allowing them access to the network.
    Valid Accounts: Cloud Accounts T1078.004 The actors used accounts hosted on Microsoft 365, Azure, and Okta cloud environments as additional methods for initial access.
    External Remote Services T1133 The actors exploited Citrix systems’ external-facing remote services as another method for gaining initial access to the system.
    Table 4: Execution
    Technique Title  ID Use
    Command and Scripting Interpreter: PowerShell T1059.001 The actors used PowerShell commands to maintain and expand access.
    Table 5: Persistence
    Technique Title ID Use
    Account Manipulation: Device Registration T1098.005 The actors used PowerShell commands to maintain and expand access.
    Modify Authentication Process T1556 The actors used a public facing Active Directory Federation Service (ADFS) domain to reset the passwords of expired accounts.
    Modify Authentication Process: Multi-Factor Authentication T1556.006 The actors used an MFA bypass method, such as Multi-Factor Authentication Request Generation, providing the ability to modify or completely disable MFA defenses.
    Table 6: Privilege Escalation
    Technique Title ID Use
    Exploitation for Privilege Escalation T1068 The actors attempted impersonation of the domain controller likely by exploiting CVE-2020-1472, Microsoft’s Netlogon Privilege Escalation vulnerability.
    Domain or Tenant Policy Modification: Trust Modification T1484.002 The actors leveraged a public-facing ADFS password reset tool to reactivate inactive accounts, allowing the actor to authenticate and enroll their devices as any user in the AD managed by the victim tenant.
    Table 7: Defense Evasion
    Technique Title ID Use
    Indirect Command Execution T1202 The actors attempted impersonation of the Domain Controller likely by exploiting CVE-2020-1472, Microsoft’s Netlogon Privilege Escalation vulnerability.
    Table 8: Credential Access
    Technique Title ID Use
    Brute Force: Password Spraying T1110.003 The actors targeted applications, including Single Sign-on (SSO) Microsoft Office 365, using brute force password sprays and imported the tool DomainPasswordSpray.ps1.
    Credentials from Password Stores T1555 The actors used the command Cmdkey /list likely to display usernames and credentials.
    Steal or Forge Kerberos Tickets: Kerberoasting T1558.003 The actors performed Kerberos Service Principal Name (SPN) enumeration of several service accounts and received Rivest Cipher 4 (RC4) tickets.
    Multi-Factor Authentication Request Generation T1621 The actors sent MFA requests to legitimate users.
    Table 9: Discovery
    Technique Title ID Use
    Remote System Discovery T1018 The actors used LOTL to return information about domain controllers.
    Permission Groups Discovery: Domain Groups T1069.002 The actors used LOTL to return lists of domain administrators and enterprise administrators.
    Permission Groups Discovery: Cloud Groups T1069.003 The actors used LOTL to return lists of domain administrators and enterprise administrators.
    System Information Discovery  T1082 The actors were able to query the AD to discover display names, operating systems, descriptions, and distinguished names from the computer.
    Account Discovery: Domain Account T1087.002 The actors used LOTL to return lists of domain administrators and enterprise administrators.
    Domain Trust Discovery T1482 The actors used LOTL to return information about trusted domains.
    Table 10: Lateral Movement
    Technique Title  ID Use
    Remote Services: Remote Desktop Protocol T1021.001 The actors used Microsoft Word to open PowerShell to launch RDP binary mstsc.exe.
    Table 11: Collection
    Technique Title ID Use
    Data from Local System T1005 The actors downloaded files related to remote access methods and the organization’s inventory.
    Table 12: Command and Control
    Technique Title ID Use
    Application Layer Protocol: Web Protocols T1071.001 The actors used msedge.exe to make outbound connections likely to Cobalt Strike Beacon C2 infrastructure.
    Ingress Tool Transfer T1105 The actors imported a tool from GitHub and used it to conduct password spraying.
    Protocol Tunneling T1572 The actors frequently conduct targeting using a virtual private network (VPN).

    Appendix B: Indicators of Compromise

    See Tables 13 to 15 for IOCs obtained from FBI investigations.

    Table 13: Malicious Files Associated with Iranian Cyber Actors
    Hash Description
    1F96D15B26416B2C7043EE7172357AF3AFBB002A Associated with malicious activity.
    3D3CDF7CFC881678FEBCAFB26AE423FE5AA4EFEC Associated with malicious activity.

    Disclaimer: The authoring organizations recommend network defenders investigate or vet IP addresses prior to taking action, such as blocking, as many cyber actors are known to change IP addresses, sometimes daily, and some IP addresses may host valid domains. Many of the IP addresses provided below are assessed VPN nodes and as such are not exclusive to the Iranian actors’ use. The authoring organizations do not recommend blocking these IP addresses based solely on their inclusion in this JCSA. The authoring organizations recommend using the below IP addresses to search for previous activity the actors may have conducted against networks. If positive hits for these IP addresses are identified, the authoring organizations recommend making an independent determination if the observed activity aligns with the TTPs outlined in the JCSA. The timeframes included in the table reflect the timeframe the actors likely used the IPs.

    Table 14: Network Indicators
    IP Address Date Range
    95.181.234.12 01/30/2024 to 02/07/2024
    95.181.234.25 01/30/2024 to 02/07/2024
    173.239.232.20 10/06/2023 to 12/19/2023
    172.98.71.191 10/15/2023 to 11/27/2023
    102.129.235.127 10/21/2023 to 10/22/2023
    188.126.94.60 10/22/2023 to 01/12/2024
    149.40.50.45 10/26/2023
    181.214.166.59 10/26/2023
    212.102.39.212 10/26/2023
    149.57.16.134 10/26/2023 to 10/27/2023
    149.57.16.137 10/26/2023 to 10/27/2023
    102.129.235.186 10/29/2023 to 11/08/2023
    46.246.8.138 10/31/2023 to 01/26/2024
    149.57.16.160 11/08/2023
    149.57.16.37 11/08/2023
    46.246.8.137 11/17/2023 to 01/25/2024
    212.102.57.29 11/19/2023 to 01/17/2024
    46.246.8.82 11/22/2023 to 01/28/2024
    95.181.234.15 11/26/2023 to 02/07/2024
    45.88.97.225 11/27/2023 to 02/11/2024
    84.239.45.17 12/04/2023 to 12/07/2023
    46.246.8.104 12/07/2023 to 02/07/2024
    37.46.113.206 12/07/2023
    46.246.3.186 12/07/2023 to 12/09/2023
    46.246.8.141 12/07/2023 to 02/10/2024
    46.246.8.17 12/09/2023 to 01/09/2024
    37.19.197.182 12/15/2023
    154.16.192.38 12/25/2023 to 01/24/2024
    102.165.16.127 12/27/2023 to 01/28/2024
    46.246.8.47 12/29/2023 to 01/29/2024
    46.246.3.225 12/30/2023 to 02/06/2024
    46.246.3.226 12/31/2023 to 02/03/2024
    46.246.3.240 12/31/2023 to 02/06/2024
    191.101.217.10 01/05/2024
    102.129.153.182 01/08/2024
    46.246.3.196 01/08/2024
    102.129.152.60 01/09/2024
    156.146.60.74 01/10/2024
    191.96.227.113 01/10/2024
    191.96.227.122 01/10/2024
    181.214.166.132 01/11/2024
    188.126.94.57 01/11/2024 to 01/13/2024
    154.6.13.144 01/13/2024 to 01/24/2024
    154.6.13.151 01/13/2024 to 01/28/2024
    188.126.94.166 01/15/2024
    89.149.38.204 01/18/2024
    46.246.8.67 01/20/2024
    46.246.8.53 01/22/2024
    154.16.192.37 01/24/2024
    191.96.150.14 01/24/2024
    191.96.150.96 01/24/2024
    46.246.8.10 01/24/2024
    84.239.25.13 01/24/2024
    154.6.13.139 01/26/2024
    191.96.106.33 01/26/2024
    191.96.227.159 01/26/2024
    149.57.16.150 01/27/2024
    191.96.150.21 01/27/2024
    46.246.8.84 01/27/2024
    95.181.235.8 01/27/2024
    191.96.227.102 01/27/2024 to 01/28/2024
    46.246.122.185 01/28/2024
    146.70.102.3 01/29/2024 to 01/30/2024
    46.246.3.233 01/30/2024 to 02/15/2024
    46.246.3.239 01/30/2024 to 02/15/2024
    188.126.89.35 02/03/2024
    46.246.3.223 02/03/2024
    46.246.3.245 02/05/2024 to 02/06/2024
    191.96.150.50 02/09/2024
    Table 15: Devices
    Device Type Description
    Samsung Galaxy A71 (SM-A715F) Registered with MFA
    Samsung SM-G998B Registered with MFA
    Samsung SM-M205F Registered with MFA

    MIL OSI USA News

  • MIL-OSI USA: Department of Labor cites Kumho Tire Georgia $271K in penalties, finds 15 safety violations in wake of 57-year-old worker’s fatal injury

    Source: US Department of Labor

    MACON, GA – Federal safety inspectors found a Macon tire manufacturing facility with a history of safety and health violations could have prevented the fatal injuries sustained by a 57-year-old maintenance worker in April 2024. 

    The U.S. Department of Labor’s Occupational Safety and Health Administration investigated the fatal incident at Kumho Tire Georgia Inc., which occurred on April 10, 2024, when a worker was fatally injured after the machine they were working on unexpectedly started. 

    OSHA cited Kumho Tire Georgia after an investigation found the company bypassed safety procedures meant to prevent machinery from accidentally starting during maintenance. The company relied on basic on/off controls and sensors instead of following proper safety measures. As a result, the company was cited for one repeat, 12 serious, and two other-than-serious violations. The company was also cited for repeatedly failing to train authorized employees to safely perform servicing and maintenance activities.

    “Kumho Tire Georgia has repeatedly failed to protect its employees, and this time that negligence resulted in a preventable tragedy,” said OSHA Area Director Joshua Turner in Atlanta. “Every year, thousands of these incidents occur, causing serious and sometimes fatal injuries. There is no excuse for endangering the lives of the employees who keep their operations running.”

    The agency found the employer’s facility lacked sufficient machine guarding, designed to protect workers from caught-in hazards. Investigators also found missing guardrails and uncovered holes, leaving workers exposed to fall hazards. Kumho Tire Georgia Inc. faces a total of $271,930 in penalties.

    Kumho Tire Georgia has a substantial history of non-compliance with safety and health requirements. Since 2015, the facility has been inspected nine times, resulting in 52 violations. 

    Located in Macon, Kumho Tire Georgia is a Chinese and Korean-owned tire manufacturer that employs approximately 560 workers from both Korea and the U.S. The facility has been in operation in the U.S. since 2016. 

    The employer has 15 business days from receipt of the citations and penalties to comply, request an informal conference with OSHA’s area director, or contest the findings before the independent Occupational Safety and Health Review Commission.

    Learn more about OSHA.

    MIL OSI USA News

  • MIL-OSI USA: Biden-Harris Administration Approves More Than $1.8 Billion for Hurricane Response and Recovery Efforts

    Source: US Federal Emergency Management Agency

    Headline: Biden-Harris Administration Approves More Than $1.8 Billion for Hurricane Response and Recovery Efforts

    Biden-Harris Administration Approves More Than $1.8 Billion for Hurricane Response and Recovery Efforts

    WASHINGTON — The Biden-Harris Administration has approved more than $1.8 billion in federal assistance for individuals and communities affected by Hurricanes Helene and Milton. FEMA Administrator Deanne Criswell continues to lead the federal response, working in coordination with state and local partners to ensure that survivors receive the resources they need to jumpstart their recovery. 

    Currently, FEMA has deployed more than 4,400 personnel to the affected areas, working side by side with over 8,000 federal responders to support state and local governments in their recovery efforts. FEMA personnel on the ground are actively coordinating with local officials, conducting damage assessments and helping individuals apply for disaster assistance programs.

    Federal assistance for those affected by the hurricanes includes $597 million to support survivors with housing repairs, personal property replacement and other essential recovery efforts. Additionally, over $934 million has been approved for debris removal and emergency protective measures, which are necessary to save lives, protect public health and prevent further damage to public and private property.

    Applying for assistance is a critical first step towards recovery. Disaster survivors in certain areas of Georgia, Florida (Helene), Florida (Milton), North Carolina, South Carolina, Tennessee and Virginia can begin their recovery process by applying for federal assistance through FEMA. Individuals affected by the hurricanes are encouraged to apply as soon as they are able to by visiting DisasterAssistance.gov, which is the fastest way to get an application started. Individuals can also apply using the FEMA App, calling 1-800-621-3362 or in person at a local Disaster Recovery Center. Disaster Recovery Centers in the affected communities can provide survivors with in-person help on their applications and answer questions. Center locations can be found at FEMA.gov/DRC. FEMA also has Disaster Survivor Assistance team members in the field supporting survivors and helping them with the application process.

    Federal assistance for individuals may include upfront funds to help with essential items like food, water, baby formula, breastfeeding supplies and other emergency supplies. Funds may also be available to repair storm-related damage to homes and personal property, as well as assistance to find a temporary place to stay. Homeowners and renters with damage to their home or personal property from previous disasters, whether they received FEMA funds or not, are still eligible to apply for and receive assistance for other federally declared disasters.   

    FEMA’s National Flood Insurance Program is ready to respond to insured flood losses. Those with an NFIP-backed flood insurance policy that suffered flood damage should begin filing their claim by contacting their flood insurance agent or company. 

    Recovery Update

    For those affected by Hurricane Helene, FEMA has approved over $911.1 million in assistance. This includes $581.1 million in assistance for individuals and families, along with more than $330 million for debris removal and efforts to protect public health and safety. In response to Hurricane Milton, FEMA has approved more than $620.2 million in assistance, with $16.2 million allocated for individuals and families and over $604 million for debris removal and safety measures.

    To support response and recovery efforts, FEMA delivered over 12.6 million meals and 12.9 million liters of water to states impacted by Helene. For Milton, FEMA delivered more than 2.2 million meals and 780,000 liters to Florida.

    FEMA continues to open Disaster Recovery Centers in affected communities, offering in-person assistance, information on available resources and help with FEMA assistance applications. Disaster Survivor Assistance Teams are also on the ground in all affected states, helping survivors apply for aid and connect with additional resources from state, local, federal and voluntary agencies.

    Support for North Carolina

    As ongoing response efforts continue in western North Carolina, FEMA has approved over $100 million in housing and other types of assistance for over 77,000 households.

    More than 3,000 families who cannot return home are staying in safe and clean lodging through FEMA’s Transitional Sheltering Assistance program. Shelter numbers remain steady, with 13 shelters housing just over 560 occupants

    Commodity distribution, mass feeding and hydration operations remain in areas of western North Carolina. Voluntary organizations are supporting feeding operations with bulk food and water deliveries coming via truck and aircraft. 

    • Residents can visit: ncdps.gov/Helene to get information and additional assistance.  
    • Residents can get in touch with loved ones by calling 2-1-1 or visiting unitedwaync.org to add them to search and rescue efforts.  

    There are over 370 Disaster Survivor Assistance members in communities providing support. There are also six Disaster Recovery Centers now open in Asheville, Bakersville, Boone, Lenoir, Marion and Sylva where survivors can speak directly with FEMA and state personnel for assistance with their recovery. To find the nearest center, visit FEMA.gov/DRC.

    Support for Florida 

    In response to Helene, FEMA has approved over $213 million in housing and other types of assistance for more than 71,000 households. Additionally, FEMA has approved more than $330 million in Public Assistance for debris removal and emergency work. In response to Milton, FEMA has approved over $16 million in housing and other types of assistance for over 19,000 households. Additionally, FEMA has approved more than $604 million in Public Assistance for debris removal and emergency work. 

    There are 120 Disaster Survivor Assistance members in communities to provide support. There are also 12 Disaster Recovery Centers now open supporting survivors from Debby, Helene and Milton where survivors can speak to state and federal personnel to help with their recovery. Survivors may find their closest center by visiting FEMA.gov/DRC.

    Residents in need of information or resources should call the State Assistance Information Line (SAIL) at 1-800-342-3557. English, Spanish and Creole speakers are available to answer questions.  

    Support for South Carolina 

    FEMA has approved over $132 million in housing and other types of assistance for more than 146,000 households. 

    There are 92 Disaster Survivor Assistance members in communities providing support. There are also five Disaster Recovery Centers now open in Anderson, Barnwell, Batesburg, Easley, Greenville and North Augusta where survivors can speak to state and federal personnel to help with their recovery. Survivors may find their closest center by visiting FEMA.gov/DRC.

    Residents with questions on Helene can call the state’s toll-free hotline, open 24 hours a day, at 1-866-246-0133. Residents who are dependent on medical equipment at home and who are without power due to Helene may be eligible for a medical needs shelter. Call the state’s Department of Public Health Care Line at 1-855-472-3432 for more information. 

    Support for Georgia 

    FEMA has approved over $119 million in housing and other types of assistance for more than 118,000 households

    There are 139 Disaster Survivor Assistance members in communities providing support. There are also four Disaster Recovery Centers now open in Valdosta, Douglas, Sandersville and Augusta where survivors can speak to state and federal personnel to help with their recovery. Survivors may find their closest center by visiting FEMA.gov/DRC.

    Residents can find resources like shelters and feeding sites at gema.georgia.gov/hurricane-helene. 

    Support for Virginia  

    To date, FEMA has approved over $4.7 million in housing and other types of assistance for more than 1,500 households

    There are about 57 Disaster Survivor Assistance members in communities providing support. There are also four Disaster Recovery Centers open in Damascus, Dublin, Independence and Tazewell where survivors can speak to state and federal personnel to help with their recovery. Survivors may find their closest center by visiting FEMA.gov/DRC.

    Residents can find resources like shelters and feeding sites at: Recover – Hurricane Helene | VDEM (vaemergency.gov).

    Support for Tennessee 

    FEMA has approved more than $11.8 million in housing and other types of assistance for more than 2,400 households. FEMA Disaster Survivor Assistance Teams are on the ground in neighborhoods across the affected counties, helping survivors apply for FEMA assistance and connecting them with additional state, local, federal and voluntary agency resources.

    There are more than 42 Disaster Survivor Assistance members in communities providing support. There is now one Disaster Recovery Center open in Erwin where survivors can speak to state and federal personnel to help with their recovery. Survivors may find their closest center by visiting FEMA.gov/DRC.

    Counties continue to establish donation centers. For the evolving list, visit TEMA’s website. 

    FEMA remains steadfast in its mission to support survivors as they begin their recovery from these historic storms. The agency will continue to work with federal, state and local partners to ensure the safety and well-being of those impacted by Milton and Helene.

    amy.ashbridge

    MIL OSI USA News

  • MIL-OSI USA: Department of Labor releases AI Best Practices roadmap for developers, employers, building on AI principles for worker well-being

    Source: US Department of Labor

    WASHINGTON — The U.S. Department of Labor today announced the release of comprehensive Artificial Intelligence Best Practices designed to ensure that emerging technologies such as AI enhance job quality and benefit workers when they are used in the workplace.

    The department’s AI Best Practices provide developers and employers with a detailed roadmap to implement the department’s AI and Worker Well-being: Principles for Developers and Employers, which were released under President Biden’s Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence. These guidelines further the department’s commitment to centering worker empowerment and well-being, particularly workers in underserved communities, as AI systems are increasingly used in the workplace.

    “We have a shared responsibility to ensure that AI is used to expand equality, advance equity, develop opportunity and improve job quality,” said Acting Secretary of Labor Julie Su. “These Best Practices provide a roadmap for responsible AI in the workplace, helping businesses harness these technologies while proactively supporting and valuing their workers. As we embrace the opportunities that AI can offer, we must ensure workers are lifted up, not left behind.”

    The Best Practices provide strategies for how AI can benefit workers and businesses, while maintaining a focus on workers’ rights, job quality, well-being, privacy and economic security. These approaches include: 

    • Ethically developing AI standards, review processes and establishing governance structures. 
    • Ensuring meaningful human oversight for significant employment decisions.
    • Being transparent with workers about the use of AI and identifying how AI can assist workers.
    • Centering workers and their input on the use of AI in the workplace.
    • Protecting workers’ labor and employment rights.
    • Providing AI training for workers. 
    • Securing and protecting worker data.

    As part of its commitment to responsible AI, the Department of Labor is aligning its own operations with these AI Principles and Best Practices. The department will continue to engage with companies, unions, workers, and other stakeholders to protect and empower workers when AI is used in the workplace. 

    Editor’s Note: Register to join the live virtual event on Oct. 16 at 3:30 p.m. EDT.

    Learn more about the department’s AI Principles and Best Practices.

    MIL OSI USA News

  • MIL-OSI Canada: NFB and Telefilm Canada to share office space in Halifax, promoting synergy and benefiting the industry

    Source: Government of Canada News

    As of November 4, the National Film Board of Canada and Telefilm Canada will be sharing the office space currently occupied by the NFB production team at 5475 Spring Garden Road in downtown Halifax.

    October 10, 2024

    As of November 4, the National Film Board of Canada and Telefilm Canada will be sharing the office space currently occupied by the NFB production team at 5475 Spring Garden Road in downtown Halifax. Sharing space will promote synergy between the two organizations and benefit Atlantic Canadian filmmakers, partners and producers, who will be able to meet with Canada’s two main federal film agencies under one roof.

    Quotes

    “The NFB has been a presence in Atlantic Canada and Acadia for more than 50 years, and we are loudly and clearly re-affirming our commitment to the region. From the idea to the screen, our teams are here to identify projects and receive proposals for animation and documentary films, supporting directors and co-producers, and developing marketing and distribution strategies. Our goal is to ensure that stories from this wonderful region are told and shared with Canadians across the country,” said Suzanne Guèvremont, Government Film Commissioner and Chairperson of the NFB.

    “Stimulating and supporting the region’s film industry is a priority for Telefilm Canada,” said Julie Roy, Executive Director and CEO, Telefilm Canada. “This objective guided the development of our Atlantic Strategy, which we recently unveiled. Our goal is to create and provide opportunities that strengthen expertise and stimulate creative and financial competitiveness across the sector’s entire value chain. So this announcement is very much in line with our desire to strengthen our commitment, reflecting Telefilm’s spirit of collaboration with key players in the ecosystem.”

    The NFB and Telefilm in Atlantic Canada

    The NFB has been a presence in Atlantic Canada for more than 50 years and remains rooted in the region as a producer and co-producer.

    Telefilm is proud to unveil its 2024-2027 Atlantic Strategy, developed for and with Newfoundland and Labrador, Nova Scotia, New Brunswick and Prince Edward Island industry professionals. Learn more here:

    Telefilm Canada unveils its 2024-2027 Atlantic Strategy for the region’s cinema industry  | Telefilm Canada

    About the NFB

    Founded in 1939, the National Film Board of Canada (NFB) is a one-of-a-kind producer, co-producer and distributor of engaging, relevant and innovative documentary and animated films. As a talent incubator, it is one of the world’s leading creative centres. The NFB has enabled Canadians to tell and hear each other’s stories for over eight decades, and its films are a reliable and accessible educational resource. The NFB is also recognized around the world for its expertise in preservation and conservation, and for its rich and vibrant collection of works, which form a pillar of Canada’s cultural heritage. To date, the NFB has produced more than 14,000 works, 7,000 of which can be streamed free of charge at nfb.ca. The NFB and its productions and co-productions have earned over 7,000 awards, including 11 Oscars and an Honorary Academy Award for overall excellence in cinema.

    About Telefilm Canada

    As a Partner of Choice, Telefilm Canada is a Crown corporation dedicated to the success of Canada’s audiovisual industry, fostering access and excellence by delivering programs that support cultural resonance and audience engagement. With a lens of equity, inclusivity and sustainability, Telefilm bolsters dynamic companies and a range of creative talent at home and around the world. Telefilm also makes recommendations regarding the certification of audiovisual coproduction treaties to the Minister of Canadian Heritage, and administers the programs of the Canada Media Fund. Launched in 2012, the Talent Fund raises private donations which principally support emerging talent.

    – 30 –

    MIL OSI Canada News

  • MIL-OSI USA: Disaster Recovery Center in Marion, Va. Will Open Oct. 17

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center in Marion, Va. Will Open Oct. 17

    Disaster Recovery Center in Marion, Va. Will Open Oct. 17

    BRISTOL, Va.– A Disaster Recovery Center (DRC) will be opening in Smyth County at the Public Safety Administration Building, located at 230 S. Park Street in Marion on Thursday, Oct. 17, 2024, at 8 a.m. Disaster survivors can visit any DRC to receive assistance. Additional centers will be opening in the coming weeks throughout southwest Virginia.

    The center is located at: 

    Smyth County  

    Public Safety Administration Building 

    230 S. Park St

    Marion, Virginia 24354

    Hours of operation:

    Monday – Saturday, 8 a.m. to 6 p.m.

    Closed Sundays

    “Smyth County is very proud to work with FEMA and the Commonwealth to provide a Disaster Recovery Center. We have worked through Helene to provide avenues for citizens to get help. We encourage everyone who has needs, please seek help. The County’s partnership with FEMA will allow citizens get additional help that is available,” said Chief C.W. Crawford, Smyth County Emergency Services Coordinator.

    “FEMA is grateful for the partnership with Smyth County and the Commonwealth for coming together to open this Disaster Recovery Center,” said FEMA Federal Coordinating Officer Timothy Pheil. “Survivors can visit any open Disaster Recovery Center and no appointment is needed. FEMA is eager to provide residents of southwest Virginia with resources, help survivors apply for assistance, and answer questions about their recovery.” 

    Survivors do not have to visit a DRC to register with FEMA. You can call 800-621-FEMA (3362). The toll-free telephone line operates seven days a week. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. You can also register online at DisasterAssistance.gov or through the FEMA App on your phone.

    The deadline to apply for FEMA disaster assistance is Dec. 2, 2024.

    If you have received a letter from FEMA about your application status, visit a DRC to learn more about next steps. DRC staff can help you submit additional information or supporting documentation for FEMA to continue to process your application and answer any questions you may have.

    FEMA has set up a rumor response webpage to clarify our role in the Helene response. Visit Hurricane Helene: Rumor Response.

    For more information on Virginia’s disaster recovery, visit vaemergency.gov, the Virginia Department of Emergency Management Facebook page , fema.gov/disaster/4831 and facebook.com/FEMA.  

    ###

    FEMA’s mission is helping people before, during and after disasters. FEMA Region 3’s jurisdiction includes Delaware, the District of Columbia, Maryland, Pennsylvania, Virginia and West Virginia. Follow us on X at x.com/FEMAregion3 and on LinkedIn at linkedin.com/company/femaregion3.

    To apply for FEMA assistance, please call the FEMA Helpline at 1-800-621-3362, visit https://www.disasterassistance.gov/, or download and apply on the FEMA App. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. Multilingual operators are available (press 2 for Spanish and 3 for other languages). Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency, or economic status.

    erika.osullivan

    MIL OSI USA News

  • MIL-OSI Canada: Tribunal Continues Finding—Carbon steel welded pipe from Pakistan, Philippines, Türkiye and Vietnam

    Source: Government of Canada News

    The Canadian International Trade Tribunal today continued its finding made on February 15, 2019, in inquiry NQ-2018-003, concerning the dumping of carbon steel welded pipe from the Islamic Republic of Pakistan, the Republic of the Philippines, the Republic of Türkiye (excluding those goods exported by Erbosan Erciyas Boru Sanayii ve Ticaret A.S.) and the Socialist Republic of Vietnam.

    Ottawa, Ontario, October 16, 2024—The Canadian International Trade Tribunal today continued its finding made on February 15, 2019, in inquiry NQ-2018-003, concerning the dumping of carbon steel welded pipe from the Islamic Republic of Pakistan, the Republic of the Philippines, the Republic of Türkiye (excluding those goods exported by Erbosan Erciyas Boru Sanayii ve Ticaret A.S.) and the Socialist Republic of Vietnam.

    The Tribunal found that the expiry of the finding was likely to result in injury. As such, the Tribunal continued its finding. The Canada Border Services Agency will therefore continue to impose anti-dumping duties on this product.

    The Tribunal is an independent quasi-judicial body that reports to Parliament through the Minister of Finance. It hears cases on dumped and subsidized imports, safeguard complaints, complaints about federal government procurement and appeals of customs and excise tax rulings. When requested by the federal government, the Tribunal also provides advice on other economic, trade and tariff matters.

    MIL OSI Canada News

  • MIL-OSI Economics: Clean Energy Industries Rally Behind Illinois Bills to Save Ratepayers $3 Billion Through Grid Modernization

    Source: American Clean Power Association (ACP)

    Headline: Clean Energy Industries Rally Behind Illinois Bills to Save Ratepayers $3 Billion Through Grid Modernization

    HB5856 and SB3959 will increase the reliability of the Illinois energy grid, protect ratepayers from rising costs, future-proof the economy, and help the state achieve climate goals
    ILLINOIS, October 15, 2024 – Illinois clean energy industries are unified in supporting HB5856 and SB3959, new legislation that will future-proof Illinois’ energy grid and economy, lower consumer costs, meet climate goals, create family-sustaining careers, and mitigate increasing risks of blackouts.
    “Clean energy is the future, and it’s my duty to work toward that future for the benefit of all Illinois residents,” said State Rep. Barbara Hernandez (D-Aurora), lead House sponsor of HB5856. “HB5856 and SB3959 will provide many benefits to Illinois for decades to come, from lowering consumer costs to ushering in thousands of jobs to preventing dangerous blackouts to bolstering our power grid to make Illinois an attractive investment for energy-intensive tech companies.”
    These bills establish the first clean energy storage procurement mandate for the state to ensure a more reliable grid and address challenges that are slowing down renewable energy resource development. HB5856 and SB3959 would save Illinois consumers $30 per month on their energy bills, prevent more than $7 billion in blackout-related expenses, and create as much as $16 billion in economic benefits.
    “Illinois has an ambitious plan to be a national leader in the climate change fight while supercharging the state’s clean energy economy,” said State Sen. Bill Cunningham (D-Chicago). “While Illinois is on the right path to meet its goals, it is at risk of not meeting its more immediate deadlines, which will arrive as early as 2030. HB5856 and SB3959 are thoughtful, strategic bills that will help unleash the clean energy economy’s full potential while strengthening our electric grid to make it more reliable, encouraging development and job growth, and creating additional protections for consumers and all ratepayers.”
    The clean energy industries collectively agree that HB5856 and SB3959 are necessary to address the urgent need for more clean energy storage in Illinois. Federal, regional, and state regulators identify Illinois as at risk for falling short of energy needs. This means the state will face challenges in maintaining a reliable grid and that consumers may experience increased and unpredictable energy rates. Legislative action is needed now because deploying large-scale energy storage resources takes time. Illinois residents are already feeling the impact of regulators’ projections, as the July 2024 PJM Interconnection energy capacity auction saw an 833% increase in energy prices, due to an anticipated energy capacity shortfall that will increase power bills by as much as $30 per month for millions of Illinois residents within the PJM Interconnection territory. HB5856 and SB3959 will directly address this risk by providing incentives to supercharge more solar and wind energy and storage developments for a more diverse, reliable power grid.
    “HB5856 and SB3959 are critical to building on the success of the landmark Climate and Equitable Jobs Act (CEJA) in Illinois,” said Andrew Linhares, Senior Manager, Central Region at Solar Energy Industries Association (SEIA). “The Illinois clean energy economy has flourished in recent years but there’s more work to be done to secure the state’s clean energy future. This thoughtfully crafted legislation will help unleash the full potential of solar and storage and help Illinois achieve 100% clean energy by 2050.”
    A recent study by Mark Pruitt, former director of the Illinois Power Agency, founder of The Power Bureau, and a professor at Northwestern University, found that HB5856’s and SB3959’s target to create at least 8,500 MW of clean energy storage would provide up to $3 billion in consumer cost savings, save up to $7.3 billion in blackout-related costs through increased grid reliability, and generate up to $16.3 billion in economic activity in Illinois by 2050. The study also found that energy storage is the most cost-effective, immediate, and attainable long-term solution. Not only would HB5856 and SB3959 create those benefits, but they would also ensure Illinois meets the clean energy mandates established by CEJA.
    “American Clean Power (ACP) was proud to help lead this collaborative effort to ramp up the procurement and deployment of storage and solar technologies in a way that delivers for the people of Illinois,” said Erika Kowall, Director of Midwestern State Affairs for ACP. “HB5856 and SB3959 will meet the state’s clean energy goals, unleashing the full potential of clean energy’s cost efficiency and economic benefits. We appreciate the leadership of Sen. Cunningham and Rep. Hernandez for swiftly taking up this legislation and hope it can be implemented quickly.”
    “Energy storage will improve the reliability of the Illinois electric grid, and this legislation can’t come at a more important moment,” said Trish Demeter, Managing Director of Advanced Energy United. “The sooner we can begin adding more energy storage, the sooner we can address energy capacity shortfalls due to the ever-growing energy demand from residents and businesses, retiring power stations, and continued investments from energy-intensive industries, while providing savings to consumers and supercharging the Illinois economy.”
    “All of these pieces work together – storage, grid reliability, ratepayer savings, climate goals, and equity,” said Lesley McCain, Executive Director of Illinois Solar Energy and Storage Association. “HB5856 and SB3959 tie together each of these pieces to move Illinois closer toward achieving its climate goals. Energy storage is essential to creating a more reliable grid. A more reliable grid is critical to protecting residents from rising prices and attracting investments from new businesses. Incentivizing growth in these areas will accelerate progress toward our climate goals, which will remove high-polluting energy generators from low-income areas. More growth will stimulate the creation of more high-quality job and career opportunities for all Illinois residents. We’ve made great progress toward the aggressive climate goals established by CEJA, but we must keep learning, adapting, and growing if we want to achieve those goals.”
    Interconnection is another important topic addressed by HB5856 and SB3959. Interconnection is the process of connecting an energy generating system, such as a new residential solar panel installation or a community solar array, to the existing power grid. Currently, the process varies significantly from project to project, which can result in large, unanticipated costs to connect a system to the energy grid. Oftentimes, the large, unanticipated cost arises after the development is completed, which can terminate a project even if the system is built and ready to be energized. HB5856 and SB3959 aim to increase transparency and predictability on the interconnection process to reduce surprise changes and costs and maintain the integrity and safety of the power grid.
    “There are many critical stages to solar energy project development, and interconnection is one of the most critical,” said Carlo Cavallaro, Midwest Regional Director of Coalition for Community Solar Access. “When the system has been built and all that is left is to connect it to the grid, this is not when a project should be stalled or failed. Unfortunately, it happens more than one might think, so HB5856 and SB3959 address this in a way that makes the process more transparent and collaborative. If we can make this process more efficient, then it’ll benefit all ratepayers because the process will be cheaper and faster; and it will help us add new clean energy resources to the grid and reach our clean energy goals faster.”
    “Building on CEJA’s landmark goals, HB5856 and SB3959 are a progressive, evidence-based approach that will establish Illinois’ energy grid as the nation’s leader in clean, affordable, and reliable electricity. It will positively benefit electricity customers, improve grid reliability, and send a bold message far and wide that Illinois is open for clean energy business,” said Jeff Danielson, Vice President of Advocacy at Clean Grid Association. “We’re proud to stand with Illinois’ new generation of energy leaders in the Senate and House, who are focused on building the grid of tomorrow right here in the heartland of America. They are standing up for the clean energy opportunities Illinois’ citizens deserve and showing that a reliable grid and business investments of the future go hand-in-hand. The rest of the Midwest, indeed the USA, will take notice.”
    HB5856 and SB3959 address the following:
    Grid Resilience and Reliability
    Establishes an 8.5 GW utility-scale cumulative storage procurement target for the Illinois Power Agency. Storage is a critical component of a stable and resilient grid, as it provides on-time support for grid infrastructure during high-usage Peak Load periods.
    Creates a storage + solar/wind ecosystem that empowers increased storage development at all scales and multi-tech, from behind-the-meter to utility-scale.
    Creates incentive programs for customers to adopt technology that reduces peak loads, behind-meter storage that reduces peak loads or exports, and combined community solar + storage developments.
    Establishes a robust storage and Virtual Power Plant (VPP) ecosystem that makes it less likely a grid will need to tap non-renewable and high-pollutant fuels during periods of high usage, and ensures the grid uses clean, renewable sources that work together regardless of whether or not the sun is shining or the wind is blowing, increasing the overall reliability of the grid in a sustainable way.
    Economic Benefits, Consumer Protections, and Agency Modernization
    Creates a VPP program to provide cost-savings by tapping devices such as rooftop solar and storage to inject power to the grid during peak times, rather than burning extra non-renewable fuel to meet periods of peak demand.
    Implements a more efficient interconnection process to encourage more clean energy development.
    Fosters utility-scale solar development through new IPA storage procurement targets.
    Creates new incentives that eliminate barriers for ratepayers to adopt solar and storage.
    Creates guaranteed savings for consumers by requiring utilities to pass clean energy savings through to consumers.
    Uncaps the residential Illinois Shines Block to eliminate waiting lists and enable more households to install solar, which will create more demand and jobs for clean energy developers and contribute to a more stable grid.
    Stimulates new storage, solar, and wind development, which will lead to the creation of new high-quality clean energy jobs in every corner of Illinois.
    Modernizes IPA procurement processes to ensure efficient procurement of clean energy and keeps Illinois on track to achieve CEJA goals.
    HB5856 and SB3959 can be read in its entirety HERE. To learn more about the legislation, visit http://www.solarpowersillinois.com/legislation-hb-5856.
    ###
    About Solar Powers Illinois Solar Powers Illinois is a collaborative partnership between the Illinois Solar Energy and Storage Association, Coalition for Community Solar Access, and Solar Energy Industries Association that works to promote the adoption of solar power in Illinois for consumers, businesses, and communities through education, advocacy, and action.
    About Advanced Energy United
    Advanced Energy United educates, engages, and advocates for policies that allow our member companies to compete to repower our economy with 100% clean energy. We work with decision makers at every level of government as well as regulators of energy markets to achieve this goal. The businesses we represent are lowering consumer costs, creating millions of new jobs, and providing the full range of clean, efficient, and reliable energy and transportation solutions. Together, we are united in our mission to accelerate the transition to 100% clean energy in the United States. Advanced Energy United is online at AdvancedEnergyUnited.org and @AdvEnergyUnited.
    About Clean Grid Association (CGA)
    Clean Grid Association (CGA) is a 501(c)(6) nonprofit organization based in St. Paul, Minn., whose mission is to advance renewable energy in the Midwest. CGA has been an active stakeholder in the MISO process at the state and regional levels and a leading organization working on transforming state energy policy. CGA’s membership includes businesses investing in wind, solar, storage, hydrogen and transmission projects, as well as environmental nonprofit organizations, public advocacy groups & clean energy advocates who come together to build the clean energy grid of the future. Learn more at cleangridalliance.org.
    About Coalition for Community Solar Access (CCSA)
    CCSA is a national trade association representing over 130 community solar developers, businesses, and nonprofits. Together, we are building the electric grid of the future where every customer has the freedom to support the generation of clean, local solar energy to power their lives. Through legislative and regulatory advocacy, and the support of a diverse coalition — including advocates for competition, clean energy, ratepayers, landowners, farmers, and environmental justice — we enable policies that unlock the potential of distributed energy resources, starting with community solar. For more information, visit https://www.communitysolaraccess.org and follow the group on X (Twitter), LinkedIn, and Youtube.
    About Illinois Solar Energy and Storage Association (ISEA)
    The Illinois Solar Energy and Storage Association (ISEA) is a non-profit organization that promotes the widespread application of solar and other forms of renewable energy through our mission of education and advocacy. Representing over 150 solar businesses, ISEA is the state resource for renewable energy related policy developments, educational classes, events and access to local renewable energy businesses. http://www.illinoissolar.org.
    About Solar Energy Industries Association (SEIA)
    The Solar Energy Industries Association® (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 30% of U.S. electricity generation by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar power. Founded in 1974, SEIA is the national trade association for the solar and solar + storage industries, building a comprehensive vision for the Solar+ Decade through research, education and advocacy. Visit SEIA online at www.seia.org and follow @SEIA on Twitter, LinkedIn and Instagram.

    MIL OSI Economics

  • MIL-OSI: Goodman & Company, Investment Counsel Inc. Announces Resignation of Co-Lead Portfolio Manager to Investment Funds

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) — Goodman & Company, Investment Counsel Inc. (the “Manager”) announces that Emily Griffiths, Vice President and Portfolio Manager has resigned from the Manager effective today. Ms. Griffiths was the co-lead Portfolio Manager for the following funds:

    • CMP 2023 Resource Limited Partnership
    • Dundee Resource Class

    Mr. Matthew Goodman will continue as the Portfolio Manager until the completion of the previously announced sale of the investment management business to Next Edge Capital Corp.

    About the Manager
    The Manager is a subsidiary of Dundee Corporation (TSX:DC.A). The Manager is a registered portfolio manager and exempt market dealer across Canada, and a registered investment fund manager in the provinces of Ontario, Quebec and Newfoundland and Labrador.

    About CMP
    CMP™ is a pioneer in flow-through investing, with a history dating back to when flow-through shares were first introduced by the federal government. Since its creation in 1984, CMP has successfully raised and invested over $3.1 billion in companies active in exploration and development efforts across Canada. When combined with the flow-through limited partnerships of Canada Dominion, the two form the largest flow-through investing platform in Canada, raising a combined total of more than $4.4 billion in assets throughout their history.

    For more information, contact our Customer Relations Centre at 1.866.694.5672 or visit http://goodmanandcompany.com/.

    The MIL Network

  • MIL-OSI: Willis Lease Finance Corporation Announces Timing of Third Quarter 2024 Earnings and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) plans to announce its financial results for the third quarter 2024 before the opening of Nasdaq on Monday, November 4, 2024.

    WLFC plans to hold a conference call with members of WLFC’s executive management team on Monday, November 4, 2024, at 10:00 a.m. Eastern Standard Time to discuss its third quarter 2024 results. Individuals wishing to participate in the conference call should dial: US and Canada (888) 632-5004, International +1 (646) 828-8082, wait for the conference operator and provide the operator with the Conference ID 512645. A digital replay will be available two hours after the completion of the conference call. To access the replay, please visit our website at http://www.wlfc.global under the Investors section for details.

    A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company’s website, http://www.wlfc.global prior to the call.

    Willis Lease Finance Corporation

    Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Additionally, through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

    CONTACT: Scott B. Flaherty
      Executive Vice President &
    Chief Financial Officer
      sflaherty@willislease.com
      561.413.0112

    The MIL Network

  • MIL-OSI: Parker to Webcast Annual Meeting of Shareholders on October 23 at 9:00 a.m. Eastern

    Source: GlobeNewswire (MIL-OSI)

    CLEVELAND, Oct. 16, 2024 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it will webcast its Annual Meeting of Shareholders, which is scheduled for Wednesday, October 23, 2024, at 9:00 a.m., Eastern time. The webcast will be accessible on Parker’s investor information website at investors.parker.com and will be archived on the site for one year.

    Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.  Learn more at http://www.parker.com or @parkerhannifin. 

    ###

    The MIL Network

  • MIL-OSI: Gevo Secures Conditional Commitment from U.S. Department of Energy Loan Programs Office for its Net-Zero 1 Sustainable Aviation Fuel Plant in South Dakota

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., Oct. 16, 2024 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), a leading developer of net-zero hydrocarbon fuels and chemicals, is pleased to announce it received a conditional commitment for a loan guarantee with disbursements totaling $1.46 billion (excluding capitalized interest during construction) from the U.S. Department of Energy (“DOE”) Loan Programs Office (“LPO”) for its Net-Zero 1 project (“NZ1”) in South Dakota. With capitalized interest during construction, the DOE loan facility has a borrowing capacity of $1.63 billion.

    The NZ1 facility is being built in Lake Preston, South Dakota. It will use 100-percent U.S.-sourced feedstocks and is designed to produce approximately 60 million gallons of sustainable aviation fuel (“SAF”), approximately 1.3 billion pounds of protein and animal feed products, and approximately 30 million pounds of corn oil per year. The design capability of the NZ1 facility, when combined with the Gevo business system, is expected to yield SAF with a net-zero carbon footprint on a lifecycle basis, including through the burning of the fuel. Gevo net-zero SAF projects are expected to catalyze the accelerated adoption of climate smart agricultural practices, support rural jobs and economic development, and reinforce domestic energy security.

    NZ1 is the first-ever large-scale alcohol-to-jet (“ATJ”) project to receive a DOE LPO conditional commitment and is expected to provide critical new opportunities for South Dakota workers, farmers, and residents. We believe Gevo’s proprietary ATJ plant design represents the lowest cost-per-ton of carbon abatement among all of the current SAF production technologies.

    “This marks a watershed moment for the Net-Zero 1 project and a critical step forward in Gevo’s mission to transform the aviation industry by providing a scalable, sustainable, and economical renewable-carbon-based jet fuel—SAF,” said Gevo CEO Dr. Patrick Gruber. “This valuable commitment to help finance NZ1, if finalized, should also attract other capital investments to unlock SAF commercialization given the robust due diligence conducted by the agency. The due diligence work by the DOE has been incredibly detailed and thorough, and the benefit is a substantially reduced execution risk profile for the project. We are grateful for the support from the Department of Energy’s Loan Programs Office.”

    “NZ1 is the largest economic development project in South Dakota history,” said Gevo’s Senior Vice President of Public Affairs, Lindsay Fitzgerald. “We expect that NZ1 will kickstart new growth in the economy, create jobs, and present additional opportunities for the agricultural community in the region around Lake Preston, across South Dakota, and even reaching other states.”

    According to a recent report from Charles River Associates (“CRA”), Net-Zero 1 is projected to generate significant economic and climate benefits. Specifically, the plant is expected to create more than 1,300 indirect jobs during its construction phase and 100 permanent jobs at the plant itself. This is in addition to hundreds of local indirect jobs created across the agricultural, manufacturing, and transportation industries, generating an annual economic impact of over $100 million.

    The project design and engineering; and the operating and financing model, should serve as a template for future Gevo net-zero projects—potentially accelerating the timeline of SAF commercialization. Gevo also expects to track and verify the sustainability and carbon intensity of its products through its wholly owned subsidiary, Verity Holdings, LLC.

    We believe this conditional commitment milestone reduces execution risk for securing the remaining large-scale equity investors who would accompany the proposed DOE-guaranteed debt and Gevo equity. Currently, the project is projected to generate high teens returns to equity investors.

    While this conditional commitment indicates DOE’s intent to finance the project, DOE and the company must satisfy certain technical, legal, environmental, commercial, and financial conditions before the Department can enter into definitive financing documents and fund the loan guarantee.

    For more information, review the DOE’s announcement blog LPO Announces Conditional Commitment to Gevo Net-Zero for Corn Starch-to-Sustainable Aviation Fuel Facility in South Dakota | Department of Energy

    ADVISORS 

    Citi is acting as financial advisor to Gevo. Latham & Watkins LLP is acting as legal counsel to Gevo.

    INVESTOR CALL 

    A conference call will be held on Thursday, October 17, 2024 at 9:00am ET to discuss the announcement.

    To participate in the live call, please register through the following event weblink:  https://us06web.zoom.us/webinar/register/WN_nWu63-22QpWuF9SeBcNEfQ

    A webcast replay will be available after the conference call ends on October 17, 2024. The archived webcast and accompanying presentation materials will be available in the Investor Relations section of Gevo’s website at http://www.gevo.com.

    ABOUT GEVO

    Gevo’s mission is to convert renewable energy and biogenic carbon into sustainable fuels and chemicals with a net-zero or better carbon footprint. Gevo’s innovative technology can be used to make a variety of products, including SAF, motor fuels, chemicals, and other materials. Gevo’s business model includes developing, financing, and operating production facilities for these renewable fuels and other products. It currently runs one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States. It also owns the world’s first production facility for specialty ATJ fuels and chemicals. Gevo emphasizes the importance of sustainability by tracking and verifying the carbon footprint of its business systems through its Verity subsidiary.

    Learn more at Gevo’s website: http://www.gevo.com

    FORWARD-LOOKING STATEMENTS

    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, NZ1’s timing and capabilities, NZ1’s design and the Gevo business system, the ability of NZ1 to produce net-zero fuels, the economic impacts of NZ1, and other statements that are not purely statements of historical fact. These forward-looking statements are made based on the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether because of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2023, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

    PUBLIC AFFAIRS CONTACT

    Heather Manuel 
    VP of Stakeholder Engagement & Partnerships 
    PR@gevo.com

    INVESTOR CONTACT

    Eric Frey, PhD 
    VP of Finance & Strategy  
    IR@gevo.com

    The MIL Network

  • MIL-OSI New Zealand: Universities – New innovation and entrepreneurial co-working hub hosted at Victoria University

    Source: Te Herenga Waka—Victoria University of Wellington
     
    A new co-working space has opened that will see innovative local businesses based at Te Herenga Waka—Victoria University of Wellington.
     
    The shared work space is called Taiawa Wellington Tech Hub and is in Rutherford House on the University’s Pipitea campus. A range of high-growth, innovative companies have moved in to the 51-desk space—tenants include climate tech businesses Cogo and CarbonInvoice, botanical prescription drug developer Evithé Bio, and scientific literature review assistant Litmaps.
     
    Taiawa was launched in early June, with tenant businesses officially welcomed to the new space at an event attended by Wellington mayor Tory Whanau along with leaders from the University and the business and entrepreneurial community.
     
    Professor Stephen Cummings, co-director of the University’s innovation space The Atom—Te Kahu o Te Ao, says Taiawa is an exciting development. “It will allow us to better work with Wellington’s entrepreneurial ecosystem and create opportunities for sharing ideas between innovative businesses and our staff and students,” he explains.  
     
    “It comes from a recognition that Rutherford House is the ideal place in the perfect location to host a co-working space like this. Opening up our buildings to the City in this way can create great synergies and value, not just for our students and researchers, but for Wellington’s business community.”
     
    The initiative is a collaboration with WellingtonNZ, the regional economic development agency. Rebekah Campbell, who leads the Technology Sector Group at WellingtonNZ, says the need for a space for co-working, tech sector education and community events became evident when devising a strategy to grow the region’s economy.
     
    “Wellington has a lot of individually successful tech companies, but even though it’s a compact city, we can do a lot better at promoting collaboration and skill-sharing. Wellington needs its tech sector to thrive, and our mission is to create 30,000 new high-value jobs in the next decade,” she says.
     
    “We looked at other cities that have successfully accelerated the growth of their tech sectors, and a key component of every strategy is the creation of a central place where companies can work together, learn from each other and create a shared culture of ambition and collaboration. The kinds of hubs that were most successful were centred around universities.”
     
    Atom co-director Dr Jesse Pirini says the concept of hosting a co-working space at Te Herenga Waka is “the culmination of years of engagement with the entrepreneurial community through The Atom, and hosting events such as Slush’D and TedX”. “So when the opportunity arose to work with WellingtonNZ, we leapt at it. It’s great to be able to collaborate with them on this unique partnership.”
     
    One of the tenants in Taiawa Wellington Tech Hub is Cogo, which partners with large companies to help businesses and consumers measure and improve their carbon impact. CEO Ben Gleisner, who is a Te Herenga Waka alumnus, describes the new space as a “win-win-win” for all parties.
     
    “It will provide unparalleled opportunities for the companies, the wider tech industry, and for business school students that they can’t get at other institutions in Aotearoa—there is the potential to collaborate on research, internships or dedicated projects. Ultimately, as we are supported to grow, there will hopefully be real jobs for students too.”
     
    University Vice Chancellor Nic Smith says it’s vital that universities are front and centre in supporting the wider science, technology and innovation sector. “The development of this hub is a vote of confidence in Wellington’s business community, especially in the face of bad news stories around public sector lay offs. We believe in the technology and innovation industry, and we’re delighted to have the chance to foster its growth.”
     
    About the name
     
    The name Taiawa is a combination of two words, tai (ocean) and awa (river), which reflects the collaborative elements of entities from different sources combining together to operate a shared space, support innovative ideas and create a safe space for creativity. Taiawa is the name of a type of pipi found at low tide just below the surface of a sandy harbour flat—the act of collecting pipi as a community, intergenerational activity signifies the collaboration that will take place in the tech hub, and the interaction between companies, staff and students. The name was endorsed by Kura Moeahu, Rangatira of Te Āti Awa and Taranaki.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Business Central – Outstanding contributions to Wellington honoured at the 2024 Wellington Address

    Source: Business Central

    The contributions of some of Wellington’s most prominent businesspeople were celebrated last night at the 2024 Wellington Address, hosted at Pipitea Marae.
    The event recognised the mahi and relentless energy of three individuals and one business who have made outstanding contributions to our city. They are people who inspire others and help Wellington’s business community prosper and thrive.
    The Address was jointly hosted Wellington Chamber of Commerce, Te Awe Māori Business Network and the Wellington Pasifika Business Network, together known as the Power of Three.
    More than 240 people attended last night’s sold-out event, where Prime Minister Christopher Luxon and Deputy Prime Minister Winston Peters addressed honourees and guests.
    The gala dinner was headlined by the Wellington Address, an ode to the city and a vision for its future. This year’s Address was delivered by John-Daniel Trask of tech company Raygun, who highlighted the importance of innovation, contribution and the role of business in the city’s success.
    The event was made possible with the help of our sponsors and partners, including Mercury IT, Pōneke Bakery and principal sponsor 2degrees.
    “These awards are a celebration of the very best of our business community – hard work, dedication, innovation and a commitment to improving our city,” said Wellington Chamber of Commerce CEO Simon Arcus.
    “This year’s honourees all embody that spirit. We all better off for their work, and I extend my thanks to all the honourees. At times like these, it’s a powerful reminder of Wellington’s character and its potential in years to come,” he said.
    The honourees for the 2024 Wellington Address were:
    Nominated by the Wellington Chamber of Commerce, sponsored by Mercury IT
    Brian McGuinness
    Nominated by Te Awe Māori Business Network, sponsored by Pōneke Bakery
    Doug Hauraki
    Nominated by the Wellington Pasifika Business Network
    Adrian Orr
    Company award, sponsored by 2degrees
    The Wellington Company – Erskine Restoration
    “The Wellington Chamber is delighted to recognise Brian McGuinness as an honouree of the 2024 Wellington Address,” said Simon Arcus.
    “With over 50 years of commitment to the family business, LT McGuinness, Brian has shown exceptional leadership and made enduring contributions to the Wellington urban landscape. An award for Brian is, in a very real sense, a recognition of the contribution of the McGuiness family.
    “The Wellington Address serves to recognise those who serve us beyond the call of their professional duty. We are humbled to be recognising such an outstanding contribution from more than 50 years of dedication to the capital; nobody else has literally built a legacy on Wellington’s footprint quite like Brian McGuinness,” Arcus said.
    More information on the outstanding contributions of last night’s honourees is available below.
    Brian McGuinness: With over 50 years of commitment to the family-founded construction company, LT McGuinness, Brian has shown exceptional leadership and made enduring contributions to the Wellington urban landscape.
    Brian’s dedication to building excellence, his ability to develop long-standing local relationships, and his commitment to his word have contributed to the success of many of Wellington’s iconic buildings.
    Doug Hauraki: Generations of Māori students, public servants and business owners will be delighted to know Doug Hauraki is this year’s Te Awe Wellington Māori Business Network honouree.
    In bestowing this honour on Doug, Te Awe acknowledges his more than 55 years of service to Māori in both the private and public sectors and his lifelong devotion to better education and employment opportunities for Māori and Pasifika people.
    Adrian Orr: The Wellington Pasifika Business Network us proud to recognise Adrian Orr as the Pasifika honouree for this year’s Wellington Address. The award celebrates Adrian’s 40 years of outstanding service to the banking and financial services sector, most recently as Governor of the Reserve Bank of New Zealand and its role of ensuring the stability of our financial system.
    Of Cook Island and Irish descent, Adrian has been a trailblazer in his chosen profession, with a strong intergenerational view of economic and social issues and solutions.
    The Wellington Company – Erskine Restoration:
    After undertaking a painstaking 23-year journey to develop a hilly, heritage-listed site in Island Bay, The Wellington Company delivered a premium medium-density housing development which restored and retained a unique part of our architectural history.
    Many others would have shied away from the challenge of restoring the Category-1 listed Erskine Chapel. The 1929 landmark had been neglected, vandalised and red-stickered for many years, as well as being subject to a lengthy legal challenge, despite the desire to protect it. But rather than walking away from the project, The Wellington Company took the step many would not, privately funding the vast bulk of the $7 million restoration and strengthening project to preserve it for generations to come.
    Note:
    The Power of Three is a joint agreement between the Wellington Chamber of Commerce, the Wellington Pasifika Business Network, and Te Awe Māori Business Network. The three business membership organisations share knowledge, services and cultural expertise to help grow businesses in the Wellington region.

    MIL OSI New Zealand News