Category: Business

  • MIL-OSI: Ageas and BNP Paribas: Transparency notification

    Source: GlobeNewswire (MIL-OSI)

    Ageas and BNP Paribas: Transparency notification

    In accordance with the rules on financial transparency*, BNP Paribas has notified Ageas on 3 October 2024 that, on 3 October 2024, its interest has exceeded the legal threshold of 10% of the shares issued by Ageas. BNP Paribas’ current shareholding stands at 10,91%.

    Reason for the notification
    Acquisition or disposal of voting securities or voting rights

    Notification by
    A parent undertaking or a controlling person

    Persons subject to the notification requirement
    See annex 1a

    Date on which the threshold is crossed
    3 October 2024

    Threshold that is crossed (in %)
    10%

    Denominator
    187,971,187

    Notified details
    See annex 1 b

    Chain of controlled undertakings through which the holding is effectively held, if applicable
    The full chain of command can be found on https://www.ageas.com/investors/shareholders

    Additional information
    This transparency notification is intended to declare that BNP Paribas S.A. has crossed, on a consolidated basis, the 10% threshold upwards. This transparency notification is made in connection with the transaction announced by BNP Paribas S.A. and Fosun Group on April 14, 2024. The 3,473,271 shares (1.85%) in the capital of Ageas held by BNP Paribas Fortis SA/NV are pledged to the benefit of holders of the “CASHES” (bonds exchangeable for Ageas shares) as security for BNP Paribas Fortis SA/NV’s obligation to deliver such shares to holders of CASHES upon the exercise of their right of exchange against Ageas shares pursuant to the terms and conditions of such instruments. The voting rights associated with these Ageas shares are suspended. In accordance with Article 10, §4 of the Law of May 2, 2007 on the disclosure of major shareholdings in issuers whose shares are admitted to trading on a regulated market, voting rights held in trading books are not taken into account in this transparency notification.

    This press release and the notifications received by Ageas are available on the website.

    * article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.

    Ageas is a listed international insurance Group with a heritage spanning 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 17.1 billion in 2023.

     Annexes can be found in pdf version.

    Attachment

    The MIL Network

  • MIL-OSI USA: Dingell Applauds Final Lead and Copper Rule Improvements

    Source: United States House of Representatives – Congresswoman Debbie Dingell (12th District of Michigan)

    Congresswoman Debbie Dingell (MI-06) today applauded the Biden Administration’s final Lead and Copper Rule Improvements (LCRI).

    “Clean and safe drinking water is a basic human right, and the science is clear – no amount of lead in drinking water is safe. There are millions of people across the country that don’t even know if they are drinking lead, and I’ve had parents come up to me with tears in their eyes, worried for the wellbeing of their children because of the lead in school water,” Dingell said. “I thank the Biden-Harris Administration for their continued commitment to replacing every lead service line in our country to guarantee access to safe water for every community and finally give peace of mind to families.”

    The final rule requires drinking water systems across the country to identify and replace lead pipes within 10 years. The Lead and Copper Rule Improvements also require more rigorous testing of drinking water and a lower threshold for communities to take action on lead in drinking water to protect people from lead exposure. In addition, the final rule improves communication within communities so that families are better informed about the risk of lead in drinking water, the location of lead pipes, and plans for replacing them. This final rule delivers on President Biden’s clear vision to replace every lead pipe in the country within a decade, making sure that all communities can turn on the tap and drink clean water.  

    Earlier this year, Dingell joined colleagues in writing to the Biden-Harris Administration urging them to strengthen their initial Lead and Copper Rule proposal, and to promptly issue a final rule. Dingell championed the inclusion of $15 billion in the Bipartisan Infrastructure Law for the Drinking Water State Revolving Fund to replace lead service lines and provide cleaner drinking water. She also led the Water Access Act that would direct $500 million to the Low-Income Household Water Assistance Program (LIHWAP) for Fiscal Year 2024. LIHWAP provides critical funding for low-income households with their water and wastewater bills. 

    Alongside the Lead and Copper Rule Improvements, EPA is announcing $2.6 billion in newly available drinking water infrastructure funding through the Bipartisan Infrastructure Law. This funding will flow through the drinking water state revolving funds (SRFs) and is available to support lead-related activities, including lead pipe replacement projects. Additionally, 49% of the funding must be provided to disadvantaged communities as grants or other investments that do not have to be repaid. EPA is also announcing the availability of $35 million in competitive grant funding for reducing lead in drinking water. Communities are invited to apply directly for grant funding through this program.

    Lead in drinking water irreparably harms the health of children and adults and disproportionately impacts lower-income communities and communities of color. Legacy lead pipes, which have delivered drinking water to homes for decades, have exposed generations of Americans to toxic lead and will continue to do so until they are removed. The Bipartisan Infrastructure Law and funding programs like the Drinking Water State Revolving fund (DWSRF) and Water Infrastructure Finance and Innovation Act (WIFIA) have made historic federal investment available to remove lead pipes. To complement this historic opportunity, EPA’s technical assistance programs are helping disadvantaged communities access funding.

    MIL OSI USA News

  • MIL-OSI: Order.co Recognized in Spend Matters ‘50 Providers to Watch’ List

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) — Order.co, a leading procurement and accounts payable automation software, today announced that it has been selected for Spend Matters ‘50 Providers to Watch’ list for the fifth consecutive year.

    Since its founding in 2016, Order.co’s commitment to streamlining procurement processes and enhancing efficiency has earned it consistent recognition from Spend Matters as a top innovator in the space.

    Spend Matters tracks some 1,500+ procurement and supply chain technology and services providers. Each year, its analysts evaluate market data to build an exclusive list recognizing fast-rising companies that develop innovative products in the market. While reviewing providers, Spend Matters was particularly impressed by Order.co’s ability to transform businesses’ purchasing and payment experiences through cutting-edge features.

    “Order.co integrates external purchasing content from any website or marketplace into a master catalog without requiring an API, helping SMEs manage and control spend centrally,” said Xavier Olivera, Lead Analyst at Spend Matters. “It also consolidates multiple invoices into one, streamlining accounts payable processes and reducing workload. This makes it an interesting solution for enhancing procurement and financial management.”

    Receiving this acknowledgment underscores Order.co’s ongoing commitment to saving businesses time and money through a revolutionary approach to procurement. “We are incredibly proud to be selected for Spend Matters ‘50 to Watch’ list for the fifth year in a row,” said Zach Garippa, CEO & Co-Founder of Order.co. “This continued acknowledgment is a reflection of our commitment to simplify buying for businesses and our unique approach to solving this problem. Through a combination of our single ecommerce storefront, AI, and powerful network effects, hundreds of companies are able to rely on us to predict and solve problems along their entire purchasing journey, while saving them time and money every step of the way.”

    About Order.co

    Order.co is a procurement and accounts payable automation software that helps businesses cut costs and complexity with every order. Hundreds of companies, like WeWork and Hugo Boss, leverage Order.co to centralize purchase-to-pay workflows, scale operations efficiently, gain total control over spending, and save an average of 5% on products.

    Founded in 2016 and headquartered in New York City, Order.co has raised $50M in funding from industry-leading investors like MIT, Stage 2 Capital, Rally Ventures, 645 Ventures, and more. To learn more, please visit https://www.order.co

    About Spend Matters

    Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner. Learn more at https://spendmatters.com/

    View the full “50 Providers to Watch” list here: https://spendmatters.com/procurement-tech-recognition/ 

    The MIL Network

  • MIL-OSI USA: Dingell Urges HHS to Strengthen IV Supply Chain to Prevent Shortages

    Source: United States House of Representatives – Congresswoman Debbie Dingell (12th District of Michigan)

    Congresswoman Debbie Dingell (MI-06) on Friday sent a letter to Health and Human Services (HHS) Secretary Xavier Becerra urging the administration to take action to ensure health care providers have access to necessary medical supplies to prevent a shortage of intravenous (IV) fluid.

    “I am thankful for the coordination of the Department of Health and Human Services (HHS) with the Administration for Strategic Preparedness & Response (ASPR), and the Food and Drug Administration (FDA) in the wake of Hurricane Helene,” Dingell wrote. “This includes the work of ASPR in deploying approximately 200 personnel to North Carolina, including health care situational assessment teams, who are assessing the storm’s impacts on hospitals, nursing homes, dialysis centers and other health care facilities. Baxter’s International’s North Cove manufacturing site, which primarily makes IV and peritoneal dialysis solutions, in Marion, North Carolina, has been one of the hardest hit by Hurricane Helene. The rapid rain and storm surge resulted in water permeating the facility.”

    “Baxter International produces 60% of the national supply of IV solutions, and the hurricane’s impact on accessing the site’s supply has sounded alarms for a potential shortage. Baxter is actively working with local, state, and federal officials on plans to access the inventory in the facility and begin transfers of salvageable product out of the facility,” Dingell continued. “However, due to their constrained inventory, Baxter has begun implementing allocation limits on certain products to hospitals and other medical facilities based on their historical ordering from March through August of this year. Hospitals remain very concerned this situation will spiral into a nationwide shortage of critical IV products.”

    “Natural disasters often have effects beyond the horrific destruction and loss of life throughout the southeastern part of our country,” Dingell concluded. “This supply chain disruption is a grave reminder of the interconnection of our government and society – maintaining communication and cooperating through these adversities is the best solution to care for our communities.”

    Specifically, Dingell requested answers to the following questions:

    1. Baxter has begun implementing allocation limits on their products to ration IV products for the hospitals. What is being done to oversee the allocation process to ensure fairness throughout the country?
    2. We understand that HHS, FDA, and Baxter and working with manufacturers to ensure their operating at maximum capacity. Do you anticipate that this is enough to maintain the current need of hospitals and other medical facilities?
    3. In Baxter’s North Cove site in Marion, North Carolina, there are tens of thousands of pallets of product waiting to be distributed. Has any of this product been damaged? If so, what are you doing to ensure damaged products are not sent to hospitals and other medical facilities?
    4. If the Baxter site in North Carolina is unable to help provide the necessary IV solution to hospitals, what will HHS, ASPR, and FDA do to help meet demand?
    5. Do you expect this situation to result in an official shortage of IV fluids?
    6. Have you heard from hospitals canceling or postponing surgeries due to a lack of available IV fluids?
    7. Are you considering invoking the Defense Production Act (DPA) Title I authorities?
    8. How can Congress help in assisting the diversification and risk management of this supply chain?
    9. How can the agency best to diversify this supply chain and what funding is needed to help mitigate risk?
    10. How can the Center for Industrial Based Management & Supply Chain engage with stakeholders to optimize our IV solution supply chain to withstand severe weather events? If one company’s plant is shut down and causes such a shortage, what steps can be taken to alleviate this stressor?

    View the full letter here.

    MIL OSI USA News

  • MIL-OSI Security: Lakeland Man Charged with 10 Counts of Bank Fraud

    Source: Federal Bureau of Investigation (FBI) State Crime News

    Tampa, Florida – United States Attorney Roger B. Handberg announces the return of an indictment charging Abraham Othman Yacoub (26, Lakeland) with 10 counts of bank fraud. Yacoub faces a maximum penalty of 30 years in federal prison on each count. The indictment also notifies Yacoub that the United States is seeking an order of forfeiture in the amount of $181,540.51, the proceeds of the charged criminal conduct.

    According to the indictment, from at least January 2021 until approximately February 2023, Yacoub made dozens of fraudulent deposits and withdrawals on behalf of his companies, Visionary Auto Body LLC, and Visionary Auto Care LLC, at financial institutions throughout the Middle District of Florida. Yacoub opened and maintained business bank accounts in the name of his companies and executed two primary fraud schemes.

    In the first scheme, Yacoub deposited the same previously deposited checks into various business banking accounts that he controlled at different financial institutions, knowing that the checks had previously been deposited and paid, causing the victim banks to credit his accounts for the amount of the check.

    In the second scheme, Yacoub drafted fraudulent business checks from closed business bank accounts and then deposit these checks into other active business banking accounts that he controlled, causing the banks to credit him with the amount of the fraudulent business check.

    Under both schemes Yacoub attempted to withdraw, transfer, or otherwise spend the funds credited to his accounts before the financial institution realized that the checks were fraudulent.

    Yacoub is currently in federal custody. On July 31, 2024, he was sentenced to three years and six months in federal prison for violating airport security requirements and attempted possession of a dangerous weapon on an aircraft after bringing a Glock 19 and assorted ammunition into Tampa International Airport.

    An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.

    This case was investigated by the Federal Bureau of Investigation. It will be prosecuted by Assistant United States Attorney Karyna Valdes.

    MIL Security OSI

  • MIL-OSI Security: Scheme to Defraud Distressed Homeowners Out of $15 Million Nets Virginia Man 60 Months

    Source: Federal Bureau of Investigation (FBI) State Crime News

                WASHINGTON –Terrylle Blackstone, 37, of Woodbridge, Virginia, was sentenced today in U.S. District Court to 60 months in federal prison for participating in a conspiracy that fraudulently promised thousands of homeowners across the U.S. legal help in avoiding foreclosure. The scheme generated at least $15 million for the conspirators but never provided any legal services to the client-victims.

                The sentence was announced U.S. Attorney Matthew M. Graves, Special Agent in Charge David Geist of the FBI Washington Field Office Criminal and Cyber Division, and Special Agent in Charge Kareem Carter of the Internal Revenue Service – Criminal Investigation (IRS-CI) Washington, D.C. Field Office.

                Blackstone pleaded guilty on June 6, 2024, to a count of conspiracy to commit mail fraud and wire fraud before U.S District Court Judge Randolph D. Moss. In addition to the prison term, Judge Moss ordered Blackstone to serve three years of supervised release and pay $159,145.35 in restitution.

                According to court documents, from January 2018 until February 2021, Blackstone worked with attorneys David Maresca of Virginia, Scott Marinelli of New Jersey, and Sam Babbs of Florida. The co-conspirators told homeowners that they operated a “national law firm” based in Washington, D.C.; that attorneys would review the homeowner’s file and provide legal representation to the homeowners; that an attorney in the homeowner’s local area would be assigned to assist them; that the homeowner could meet and consult with those attorneys about the case; and that attorneys in their law firm could help the homeowner, if necessary, file for bankruptcy.

                From 2016 until 2019, the conspirators marketed Synergy Law with telephone, television, and internet advertising which told homeowners that attorneys at Maresca and Marinelli’s Synergy Law (Synergy) in Manassas could help them avoid foreclosure. During 2018 and 2019, bankruptcy judges, Synergy clients, and the U.S. Trustee’s Program raised concerns about Synergy’s practices in bankruptcy matters. Blackstone attended court hearings on behalf of Synergy where he made false statements to the court about the firm’s operations. In early 2019, Marinelli was incarcerated in Pennsylvania. Yet Blackstone, Maresca, Marinelli, and others continued to operate Synergy and collect monthly payments purportedly for legal services. During this time, there was no attorney who was a member of Synergy who could practice law. Synergy never had attorneys review all homeowner files and Synergy never had attorneys contact a client’s lender to discuss a mortgage resolution. They also continued to use the interstate wires to operate their “law firm” in ways that were essential to the scheme, such as soliciting clients by telephone.

                From 2019 until at least 2022, the conspirators marketed another firm, Themis Law, with television and website advertising which told homeowners that attorneys with Themis could help them avoid foreclosure. Themis operated a call center at an office in Manassas, Virginia. Call center workers used scripts during their phone calls with homeowners in which Themis falsely promised that an attorney would review the homeowner’s case file; that this attorney knew their lender’s “internal guidelines” for a “mortgage resolution”; and that an assigned “legal team” would contact the homeowner’s lender to negotiate a resolution. Themis required homeowner-clients to pay an initial retainer amount followed by a monthly recurring amount for as long as the firm represented the homeowner. When Themis clients faced imminent foreclosure, Themis advised those clients to consider filing for bankruptcy to save their home and referred the clients to Babbs at the Babbs Law Firm. Those clients then signed a new retainer agreement and paid additional fees to Babbs.

                During his dates of employment at Synergy Law and Themis Law, Blackstone received no less than $159,145.35 in direct payments from the companies. Judge Moss ordered that Blackstone pay a forfeiture money judgment in that amount.

                This case was investigated by the FBI Washington Field Office and the Washington, D.C. Field Office of IRS-CI.

                It is being prosecuted by Assistant United States Attorney John Borchert.

                23cr123

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    MIL Security OSI

  • MIL-OSI Security: Former Los Angeles Deputy Mayor Sentenced to 12 Years in Prison for Racketeering Conspiracy That Corrupted City Real Estate Projects

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    LOS ANGELES – A former deputy mayor and long-time Los Angeles city official was sentenced today to 144 months in federal prison for soliciting and accepting more than $750,000 in bribe money for himself and facilitating over $1 million in bribes from property developers to then-Los Angeles City Councilmember José Huizar as part of a long-running pay-to-play racketeering conspiracy at the highest levels of government in Los Angeles.

    Raymond She Wah Chan, 68, of Monterey Park, was sentenced by United States District Judge John F. Walter, who also ordered him to pay $752,457 in restitution to the City of Los Angeles. 

    At the conclusion of a 12-day trial, a jury on March 27 found Chan guilty of all 12 felony counts for which he was charged: one count of conspiracy to violate the Racketeer Influenced and Corrupt Organizations (RICO) Act, seven counts of honest services wire fraud, three counts of federal program bribery, and one count of making false statements to a federal government agency.

    “Chan abused his public office and sought to deepen the corruption of city politics for the benefit of his own business interests,” said United States Attorney Martin Estrada. “Today’s sentence sends a message to the public and City Hall alike that our government should not be for sale and those that undermine our democracy through pay-to-play schemes will be prosecuted to the fullest extent of the law.”

    “Today’s sentence serves as a reminder that there are consequences for robbing communities of the honest government services they deserve” said Akil Davis, Assistant Director in Charge of the FBI Los Angeles Field Office. “The harm of public corruption manifests itself not only in financial loss, but also the loss of faith in government and public officials. The FBI will remain laser focused on those who seek to use their personal wealth and influence to facilitate relationships between those willing to pay or accept bribes.”

    Chan served for years as the General Manager of the Los Angeles Department of Building and Safety (LADBS) and, later, as the Deputy Mayor of Economic Development from 2016 to 2017. Chan abused both of these high offices and the influence they carried to enrich himself, Huizar, and other public officials within the city.

    Huizar, 56, of Boyle Heights, represented Council District 14 (CD-14) on the Los Angeles City Council from 2005 until his resignation in October 2020. CD-14 encompassed downtown Los Angeles and some of its surrounding areas. When downtown Los Angeles was experiencing a huge real estate development boom, Huizar chaired the Planning and Land Use Management (PLUM) Committee, which oversaw all major commercial and residential development projects in the city.

    Along with Huizar, Chan helped conceive, lead, and operate the “CD-14 Enterprise,” a criminal racketeering enterprise that exploited the city approval process for large real estate development projects to exact bribes from developers. Chan played a critical role in guiding and ensuring the CD-14 Enterprise’s success, managing the conspiracy through both the powerful public offices he occupied and the private relationships he held with wealthy foreign developers seeking to build in the city.  Capitalizing on this unique position, Chan steered nearly $2 million in financial benefits to himself, Huizar, and other public officials as part of the pay-to-play bribery scheme.

    In furtherance of the conspiracy, while he was General Manager of LADBS and then Deputy Mayor, Chan established and directed a secret business partnership with real estate development consultant George Chiang, securing a lucrative real estate consulting agreement with Chinese real estate developer Shenzhen Hazens. As part of that agreement, Chan solicited and accepted hundreds of thousands of dollars in bribes to advise and pressure other city officials, including Huizar, in favor of Hazens’ Luxe Hotel redevelopment project in downtown Los Angeles. When he left city employment, Chan used the consulting business that he had secretly built to direct bribes to other public officials for the benefit of his private consulting clients. 

    To help prolong the pay-to-play bribery scheme, Chan also facilitated a $100,000 campaign contribution commitment from Hazens for Huizar’s wife’s candidacy to succeed Huizar as CD-14 Councilmember in exchange for Huizar’s votes to approve the Luxe Hotel project. Chan also helped facilitate numerous other bribes from Hazens to Huizar, including tens of thousands of dollars in sham real estate consulting fees, concert tickets, China travel expenses, and contributions to Huizar’s 2015 campaign debt and alma mater high school. 

    Chan also facilitated payment of nearly $1 million in bribes to Huizar from billionaire developer Wei Huang, 58, of Shenzhen, China, including $600,000 to settle a sexual harassment lawsuit, nearly $200,000 in casino chips, and luxury-laden gambling trips to Las Vegas. Chan similarly facilitated bribes from Huang to George Esparza, Huizar’s special assistant and key associate in the pay-to-play bribery scheme, through casino chips and lavish Las Vegas trips. When Huang provided these bribes, his company, Shen Zhen New World I LLC, was planning to redevelop the downtown L.A. Grand Hotel into the tallest tower west of the Mississippi, which would require city approvals and Huizar’s official assistance.

    Chan played a crucial role in facilitating Huang’s payment of $600,000 for Huizar to settle a sexual harassment lawsuit filed by a former CD-14 staffer, which threatened Huizar’s 2015 re-election campaign and the continued operation of the CD-14 Enterprise. Chan conceived of and helped carry out an elaborate plan involving a foreign shell company, intermediaries, and fraudulent corporate documents to arrange a sham private loan that shielded the fact of Huang’s involvement in the payment. Chan later lied to FBI agents that he was not involved in the settlement, that Huang had no projects in Huizar’s district needing Huizar’s support, and that Huang had never asked Huizar for help with anything – all of which Chan knew to be false.

    Huizar was sentenced on January 26 to 13 years in federal prison and also was ordered to pay $443,905 in restitution to the City of Los Angeles and $38,792 in restitution to the IRS. He pleaded guilty in January 2023 to one count of racketeering conspiracy and one count of tax evasion. Huizar has been ordered to begin serving his prison sentence no later than October 7.

    Hazens’ U.S. subsidiary, Jia Yuan USA Co. Inc., which was seeking to redevelop the Luxe Hotel, has paid $1.05 million to resolve the government’s investigation into its conduct related to this case, which included bribery and illegal campaign contributions.

    Huang, who is charged with several felonies for his bribes to Huizar with Chan’s assistance, fled the United States shortly after the execution of numerous federal search warrants in this case and is considered a fugitive from justice. Huang’s downtown Los Angeles-based company Shen Zhen New World I LLC was convicted in 2022 of eight felonies for – through Huang’s actions as its owner – paying more than $1 million in bribes to Huizar for his critical support for the L.A. Grand Hotel redevelopment project. The company was sentenced to five years of probation, fined $4 million, and ordered to pay the costs of prosecution.

    Relatedly, real estate developer Dae Yong Lee, a.k.a. “David Lee,” 60, of Bel Air, and one of his companies, 940 Hill LLC, were convicted in 2022 of providing $500,000 in cash to Huizar and Esparza in exchange for their help in resolving a labor organization’s appeal of a downtown Los Angeles development project. Lee is serving a six-year federal prison sentence and was fined $750,000. 940 Hill LLC was sentenced to five years’ probation, fined over $1 million, and ordered to pay the costs of prosecution.

    Prosecutors also have secured guilty pleas from Chiang; Esparza; lobbyist Morrie Goldman; and political fundraiser Justin Jangwoo Kim. Each of these defendants cooperated with the government and testified during at least one trial in this case and will be sentenced at upcoming hearings in November.

    The FBI and IRS Criminal Investigation investigated this matter.

    Assistant United States Attorney Mack E. Jenkins, Chief of the Criminal Division, and Assistant United States Attorneys Cassie D. Palmer, Susan S. Har, and Brian R. Faerstein of the Public Corruption and Civil Rights Section prosecuted this case.

    Any member of the public who has information related to this or any other public corruption matter in the City of Los Angeles is encouraged to send information to the FBI’s email tip line at https://tips.fbi.gov or to contact the FBI’s Los Angeles Field Office at (310) 477-6565.

    MIL Security OSI

  • MIL-OSI Canada: Company fined for workplace fatality

    Source: Government of Canada regional news

    HTK Iron Works Ltd. pleaded guilty to one count under the Occupational Health and Safety (OHS) Act for failing to ensure the health and safety of a worker. The company was sentenced on Oct. 2 in the Medicine Hat Court of Justice. The Crown withdrew four other charges under OHS legislation.

    The charges stem from an incident at a metal fabrication shop near Burdett on Feb. 1, 2023. A worker died after being struck by a fabricated windbreak panel that fell from a moving forklift.

    HTK Iron Works Ltd. has been fined $360,000 inclusive of the 20 per cent victim fine surcharge.

    Both the company and the Crown have up to 30 days to appeal the conviction or penalties.

    Alberta’s OHS laws set basic health and safety rules for workplaces across the province. They provide guidance for employers to help them ensure their workplaces are as healthy and safe as possible while providing rights and protections for workers. Charges under OHS laws may be laid when failing to follow the rules results in a workplace fatality or serious injury.

    Quick facts

    • Jobs, Economy and Trade does not provide sentence documents. These are available through the Medicine Hat Court of Justice.

    Related information

    • Convictions under OHS legislation
    • Charges under OHS legislation
    • OHS incident investigations

    MIL OSI Canada News

  • MIL-OSI USA: Improving Access to Small Business Funding: OEDIT Announces Partner Outreach Program

    Source: US State of Colorado

    DENVER – Today, Governor Polis and the Business Support division of the Colorado Office of Economic Development and International Trade (OEDIT) announced the Partner Outreach Program (POP) to connect Colorado entrepreneurs and small business owners to OEDIT programs. A network of partners with expertise in serving rural, minority-owned, and immigrant-owned businesses has been established to work with businesses across the state to access loans and funding that can help them take steps to grow their businesses.

    “Helping small businesses across the state with access to funding and technical assistance will help small businesses thrive and strengthen Colorado’s economy. Small businesses drive our economy and with access to these experienced partners and their resources, Colorado will continue to be the best place in the country for anyone to start and grow a business,” said Governor Polis.

    Several OEDIT programs specialize in serving businesses that have had trouble securing a loan, need a smaller-than-average loan to get up and running, or have not borrowed money before.

    “Small businesses make up 99.5% of Colorado’s economy. When small businesses have access to financing that meets their needs, they can take important steps to grow their revenues and create new jobs. The Partner Outreach Program is an innovative program that responds to community needs and will expand our outreach efforts across the vast majority of the state. That means new opportunities for Colorado’s small businesses, including those that have historically encountered barriers to funding and support,” said Eve Lieberman, OEDIT Executive Director.

    To establish the POP network, six partners have been selected for their ability to serve diverse Colorado businesses, with a special emphasis on serving business owners who have historically encountered barriers to business capital and loans. All partners have a demonstrated history as a trusted community organization committed to community outreach, community development, and/or experience with supporting small businesses to access capital.

    Collectively, these partners offer support for a wide range of demographic groups and reach at least 90% of the state, from the Western Slope to the rural Eastern Plains and southern Colorado.

    • Black Business Initiative – Specializes in serving indigenous and Black communities in the Denver Metro area and San Luis Valley.
    • Community Enterprise Development Services – Serves business owners in the Denver Metro, Fort Collins, Weld County and Morgan County. Experienced working with Ethiopian, Islamic, Korean, Somali and underserved communities with an additional focus on communities speaking a language other than English.
    • Overwrite – Specializes in serving immigrant, migrant, Hispanic, Asian and Southeast Asian, African and Black communities in the Denver Metro area and Colorado Springs.
    • Prairie Rose – Has a demonstrated history of serving Spanish speaking communities in the Western Slope, Eastern Plains, and Durango communities.
    • Startup Colorado – Serves the Eastern Plains and the San Luis Valley, with experience serving business owners in all rural communities.
    • Wezesha Dada Center – Active in the Denver, Pueblo, Eastern Plains, Aurora, and Colorado Springs, with experience serving immigrant, migrant, diaspora, refugee and Black communities.

    About Colorado Office of Economic Development and International Trade

    The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor Jared Polis, we strive to advance the State’s economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado. OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing & Incentives division; the Colorado Small Business Development Network; Cannabis Business Office; Colorado Office of Film, TV & Media; the Minority Business Office; Employee Ownership Office; and Rural Opportunity Office. Learn more at oedit.colorado.gov

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    MIL OSI USA News

  • MIL-OSI USA: NASA Seeks Innovative Artemis Lunar Logistics, Mobility Solutions

    Source: NASA

    NASA is asking U.S. industry to submit innovative architecture solutions that could help the agency land and move cargo on the lunar surfaced during future Artemis missions. Released in September, the agency’s request for proposal also supports NASA’s broader Moon to Mars Objectives.
    Previously, NASA published two white papers outlining lunar logistics and mobility gaps as part of its Moon to Mars architecture development effort that augmented an earlier white paper on logistics considerations. The current ask, Lunar Logistics and Mobility Studies, expects proposing companies to consider these publications, which describe NASA’s future needs for logistics and mobility.
    “NASA relies on collaborations from diverse partners to develop its exploration architecture,” said Nujoud Merancy, deputy associate administrator, strategy and architecture in the Exploration Systems Development Mission Directorate at NASA Headquarters in Washington. “Studies like this allow the agency to leverage the incredible expertise in the commercial aerospace community.”
    Lunar Logistics Drivers, Needs
    Logistics items, including food, water, air, and spare parts, comprise a relatively large portion of the cargo NASA expects to need to move around on the Moon, including at the lunar South Pole where the agency plans to send crew in the future.
    The Lunar Logistics Drivers and Needs white paper outlines the importance of accurately predicting logistics resupply needs, as they can heavily influence the overall architecture and design of exploration missions.
    As the agency progresses into more complex lunar missions, NASA will require more and more lunar logistics as the agency increases mission frequency and duration. This current proposal seeks industry studies that could help inform NASA’s approach to this growing need.
    Lunar Mobility Drivers, Needs
    The white paper discusses the transportation of landed cargo and exploration assets from where they are delivered to where they are used, such as to locations with ideal lighting, away from ascent vehicle landing sites, or near other assets. These distances can range from yards to miles away from landing locations, and the ability to move around landing sites easily and quickly are key to exploring the lunar surface efficiently.
    NASA’s current planned lunar mobility elements, such as the Lunar Terrain Vehicle and Pressurized Rover, have a capability limit of about 1,760 pounds (800 kilograms) and will primarily be used to transport astronauts around the lunar surface. However, future missions could include a need to move cargo totaling around 4,400 to 13,000 pounds (2,000 to 6,000 kg). To meet this demand, NASA must develop new mobility capabilities with its partners.
    Lunar Surface Cargo
    The Lunar Surface Cargo white paper characterizes lunar surface cargo delivery needs, compares those needs with current cargo lander capabilities, and outlines considerations for fulfilling this capability gap. While cargo delivery capabilities currently included in the Moon to Mars architecture — like CLPS (Commercial Lunar Payload Services) and human-class delivery landers — can meet near-term needs, there are substantial gaps for future needs.
    Access to a diverse fleet of cargo landers would empower a larger lunar exploration footprint. A combination of international partnerships and U.S. industry-provided landers could supply the concepts and capabilities to meet this need. The request for proposals doesn’t explicitly seek new lander concepts but does ask for integrated assessments of logistics that can include transportation elements.
    “We’re looking for industry to offer creative insights that can inform our logistics and mobility strategy,” said Brooke Thornton, industry engagement lead for NASA’s Strategy and Architecture Office. “Ultimately, we’re hoping to grow our awareness of the unique capabilities that are or could become a part of the commercial lunar marketplace.”
    This is the latest appendix to NASA’s Next Space Technologies for Exploration Partnerships (NextSTEP-2). Solicitations under NextSTEP seek commercial development of capabilities that empower crewed exploration in deep space. NASA published the latest NextSTEP omnibus, NextSTEP-3, on Sept. 27.

    Request for Proposals
    https://sam.gov/opp/2291c465203240388302bb1f126c3db9/view

    MIL OSI USA News

  • MIL-OSI USA: DeLauro Leads Letters to Boar’s Head, USDA Questioning Listeria Outbreak

    Source: United States House of Representatives – Congresswoman Rosa DeLauro (CT-03)

    Today, U.S. Representative Rosa DeLauro led her colleagues in sending two bicameral letters to Boar’s Head and the United States Department of Agriculture’s Food Safety and Inspection Service (USDA FSIS) questioning how the Boar’s Head plant at the center of a nationwide Listeria outbreak was allowed to keep operating despite over 60 citations for noncompliance and U.S. inspectors warning “that conditions at [the] Boar’s Head plant posed an ‘imminent threat’ to public health” two years prior to the outbreak.  

    In the letter to Boar’s Head, DeLauro and lawmakers demanded answers to better understand how the outbreak was allowed to occur and how the company has committed to preventing outbreaks in the future.

    “These conditions show a complete disregard for food safety and for the public health of the American people,” the lawmakers wrote. “As a company that operates within the United States and sells to American consumers, you have an obligation to protect public health and prepare and sell food that meets safety standards. With the science we have available, there is no excuse for the tragic loss of life that has occurred as a result of this outbreak.”

    In the letter to USDA’s FSIS, the lawmakers slammed the agency’s lax oversight that led to the outbreak and subsequent plant closure. They demanded answers as to how the plant was allowed to continue operations despite repeated infractions that created ripe conditions that led to product contamination and the outbreak of dangerous pathogens like Listeria. 

    “This outbreak could have and should have been prevented,” the lawmakers wrote. “What is especially troubling is how egregious sanitation problems occurred despite supposed regular oversight; oversight which typically includes at least one inspection per shift… It is appalling that seemingly no enforcement actions have been taken against Boar’s Head despite the reported repeated records of major noncompliance” 

    You can read the full letter to Boar’s Head here. You can read the full letter to USDA here.

    MIL OSI USA News

  • MIL-OSI Banking: EIA expects average U.S. heating costs this winter to be consistent with last winter

    Source: US Energy Information Administration – EIA

    Headline: EIA expects average U.S. heating costs this winter to be consistent with last winter

    U.S. ENERGY INFORMATION ADMINISTRATION
    WASHINGTON DC 20585

    FOR IMMEDIATE RELEASE
    October 8, 2024

    The U.S. Energy Information Administration (EIA) expects most U.S. households, on average, will pay about the same to heat their homes as they did last winter. A notable exception is that EIA expects Midwestern homes heated by natural gas will pay about 11% more on average for heat than last winter.

    In its 2024 Winter Fuels Outlook, EIA forecasts a colder winter, leading to more energy consumption for heat. With energy prices similar to or slightly lower than last winter, EIA expects spending for many households will be about the same as last winter.

    “There’s a lot of uncertainty about the weather over an entire season—not to mention uncertainty over commodity prices,” said EIA Administrator Joe DeCarolis.

    Comparing this winter’s forecast for the average U.S. household with last winter’s results, EIA expects a 1% increase in fuel bills for homes heated by natural gas, a 5% decrease for homes heated by heating oil, a 2% increase for homes heated by electricity, and a negligible change in costs for homes heated by propane. Because weather is a key source of uncertainty in the forecast, the report also includes a warmer and colder case to produce a range of possible expenditures by fuel type.

    The Winter Fuels Outlook is a supplement to EIA’s October Short-Term Energy Outlook (STEO), and EIA will update it every month through February to reflect changes in commodity prices and temperatures. This year is the first year that EIA’s forecast distinguishes between primary heating fuels consumed for space heating and other end uses.

    EIA will host a webinar on Wednesday, October 9, at 11:00 a.m. ET to discuss its forecasts. The webinar is open to the public, but registration is required.

    Other highlights from the October STEO include:

    • Brent crude oil spot price: EIA expects the Brent crude oil spot price will average about $76 per barrel in the fourth quarter of 2024 and about $78 per barrel in 2025, both lower than EIA’s September forecast. EIA revised its forecasts because the September Brent spot price was lower than expected and because the agency expects demand for petroleum products will be lower than it previously forecast. The impact of military action in the Middle East is a key source of uncertainty in the crude oil price forecast.

      EIA’s revised forecast for crude oil prices also contributed to revisions in the agency’s price forecasts for distillate fuels, gasoline, and other petroleum products, which are reflected in the STEO table of notable revisions.

    • U.S. oil production: EIA expects U.S. crude oil production will average 13.5 million barrels per day in 2025, a record high. EIA had previously expected domestic crude oil production would average 13.7 million barrels per day next year but revised its production forecast lower largely due to its expectation of lower crude oil prices.
    • Electricity consumption: EIA expects 2% more U.S. electricity consumption this year than in 2023 and expects a further 2% growth in 2025. Summer temperatures in 2024 were warmer than last summer, especially in the upper Midwest and Northeast regions, which helped to push up U.S. electricity demand this year. Increased electricity consumption through 2025 is led by the industrial sector, as planned battery and semiconductor chip manufacturing comes online. In the commercial sector, electricity demand from data centers in some regions contributes to the forecast for greater electricity demand.

    The full October 2024 Short-Term Energy Outlook is available on the EIA website.

    The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and this press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

    EIA Program Contact: Tim Hess, STEO@eia.gov
    EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

    MIL OSI Global Banks

  • MIL-OSI Russia: Dmitry Patrushev opened the new exhibition complex “Timiryazev Center”

    MILES AXLE Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Previous news Next news

    Dmitry Patrushev opened the new exhibition complex “Timiryazev Center”. With Moscow Mayor Sergei Sobyanin

    Deputy Prime Minister Dmitry Patrushev, together with Moscow Mayor Sergei Sobyanin, opened the new Timiryazev Center exhibition complex at the Russian State Agrarian University – Moscow Timiryazev Agricultural Academy.

    As Dmitry Patrushev noted, the Timiryazev Center is not only a modern equipped space that will unite all the best in agricultural education and science, but also an excellent platform for popularizing the agricultural sector, demonstrating its achievements and high level of development.

    One of the main tasks that the agro-industrial complex currently faces is staffing, including attracting young specialists with the necessary knowledge and competencies. For this purpose, the personnel training system is actively developing, approaches to educational activities are changing, and the infrastructure of universities is being comprehensively updated.

    “The training and exhibition center allows both to hold exhibitions and, most importantly, to gain practical skills in work. This has never happened before within the Timiryazev Academy, it was possible to do so thanks to the support of Moscow and the company “PhosAgro”. I hope that the guys will be comfortable studying here, they will undergo practical training and gain important experience that they will need in working in agriculture,” said the Deputy Prime Minister.

    Dmitry Patrushev and Sergei Sobyanin inspected the educational and exhibition complex, equipped with modern specialized equipment.

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

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

    http://government.ru/nevs/52940/

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

    MIL OSI Russia News

  • MIL-OSI Economics: Moody’s Wins Top Ranking in ChartisRiskTech100 for Third Consecutive Year

    Source: Moody’s

    Headline: Moody’s Wins Top Ranking in ChartisRiskTech100 for Third Consecutive Year

    Moody’s Corporation (NYSE:MCO) has been awarded the number-one overall ranking in the Chartis RiskTech100® 2025 report, marking Moody’s third consecutive year in the top position.

    The Chartis RiskTech100 is the most comprehensive study of the world’s leading providers of risk and compliance technology. The top ranking recognizes Moody’s unmatched ability to provide its customers with a holistic view of their risks through research, data, and analytics.

    “Winning the top award from Chartis for a third year in a row is a strong testament to how Moody’s stays on the cutting edge of developments in risk management technology,” said Rob Fauber, President and Chief Executive Officer of Moody’s. “We seek to constantly innovate across our suite of products and solutions and put new technologies and insights into the hands of our customers as quickly as possible.”

    In addition to earning the highest overall position, Moody’s won in 12 individual categories:

    • Market Presence (new)
    • Strategy
    • Functionality
    • Banking
    • Insurance
    • Climate Risk
    • Credit Portfolio Management (new)
    • Financial Crime – Data
    • Credit Data – Wholesale
    • Credit Data – Collateralized Loan Obligation (CLO)
    • Credit Risk for the Banking Book
    • Current Expected Credit Losses (CECL)

    “In maintaining its position at the top of the RiskTech100, Moody’s has demonstrated its effective and strategic use of the latest technology to enable its data and analytics to be efficiently accessed, distributed, and consumed,” said Sid Dash, Chief Researcher at Chartis. “Moreover, Moody’s continues to expand and develop its analytical tools and functionality across a variety of business lines, from banking to insurance and securitization to compliance.”

    The 2025 winners of RiskTech100 were selected through a nearly year-long process involving vendor briefings and discussions with risk technology buyers and end-users. The research directors and lead analysts at Chartis Research then made the final decisions.

    Chartis Research is the leading provider of research and analysis on the global market for risk technology. Their goal is to support enterprises that drive business performance through improved risk management, corporate governance, and compliance. Chartis strives to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.

    For more information on Moody’s innovation and technology, visit Moodys.com/Innovation.

    ABOUT MOODY’S CORPORATION

    In a world shaped by increasingly interconnected risks, Moody’s (NYSE: MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 15,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive. Learn more at moodys.com.

    Source: Moody’s Corporation Investor Relations

    MIL OSI Economics

  • MIL-OSI: EMGS – Vessel activity and multi-client sales update for the third quarter 2024

    Source: GlobeNewswire (MIL-OSI)

    Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate.  

    At the end of the third quarter 2024 the Company had one vessel on charter, the Atlantic Guardian. The Atlantic Guardian completed transit from Brazil to Norway and commenced acquisition of previously announced prefunded multi-client projects including the OBN seismic survey.

    The utilization for the third quarter was 40% compared with 0% for the third quarter 2023. 

    EMGS had one vessel in operation and recorded 3.0 vessel months in the quarter. In the third quarter 2023, the Company recorded 3.0 vessel months.

    Multi-client revenues in the third quarter
    The Company expects to record approximately USD 0.5 million in late sale multi-client revenue in the third quarter of 2024. The revenue for the fully prefunded multi-client surveys, acquired in the third quarter, is expected to be recognized in the fourth quarter of this year upon final data delivery.   

    EMGS will publish its third quarter 2024 financial results on Thursday 7 November 2024 prior to 07:30 local time (Norway). A recorded presentation will also be made available over the Internet. To access the presentation, please go to the Company’s homepage (http://www.emgs.com) and follow the link.

    Contact
    Anders Eimstad, Chief Financial Officer, +47 948 25 836

    This information is published in accordance with the Norwegian Securities Trading Act § 5-12.

    About EMGS
    EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The Company’s services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel. CSEM technology can also be used to detect the presence of marine mineral deposits (primarily Seabed Massive Sulphides) and EMGS believes that the technology can also be used to estimate the mineral content of such deposits. The Company is undertaking early-stage initiatives to position itself in this future market.

    The MIL Network

  • MIL-OSI: Form 8.3 – Digitalbox PLC

    Source: GlobeNewswire (MIL-OSI)

    Downing LLP
    LEI: 213800G3X76VBG9SB504
    08 October 2024
    Form 8.3 re. Digitalbox Plc

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: Downing LLP
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a): Downing Strategic Micro-Cap Investment Trust Plc
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates: Digitalbox Plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: n/a
    (e)   Date position held/dealing undertaken: 07 October 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? No

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

    Class of relevant security: Ordinary shares 1p
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 22,589,795 19.16    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 22,589,795 19.16    

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

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

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

    (a)        Purchases and sales

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

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description Nature of dealing Number of reference securities Price per unit
             

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

    (i)        Writing, selling, purchasing or varying

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

    (ii)        Exercise

    Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit
             

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

    Class of relevant security Nature of dealing Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

    None

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

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 08 October 2024
    Contact name:  
    Telephone number*: 0207 416 7780

    The MIL Network

  • MIL-OSI: Badge and CyberArk Announce Partnership to Redefine Privacy in PAM and Secrets Management

    Source: GlobeNewswire (MIL-OSI)

    Partnership aims to help businesses eliminate vulnerable attack surfaces and provide a more streamlined user experience.

    SAN FRANCISCO, Oct. 08, 2024 (GLOBE NEWSWIRE) — Badge Inc., the award-winning privacy company enabling Identity without Secrets™, today announced a partnership with CyberArk and the public release of its integration in the CyberArk Marketplace.

    According to the CyberArk website: The Badge CyberArk Identity integration allows specified users to authenticate into CyberArk Identity and its downstream apps and services, using Badge. This enables user-centric privacy, allowing users to issue and revoke digital identity and keys on-demand using biometrics and/or other factors.

    The blog post mentions that privileged users hold highly sensitive access credentials and face an ever-increasing threat surface. This has made these users and their credentials prime targets for cyber-attacks. By leveraging Badge’s technology to eliminate the storage of user credentials, organizations benefit unprecedented security, while maintaining a great user experience.

    Archit Lohokare, CyberArk’s GM for Workforce Solutions, “CyberArk is excited to partner with Badge and offer this new integration. It is an important step forward in our mission to deliver comprehensive identity security solutions across all identities and all environments. Badge’s expertise in eliminating stored secrets and removing friction in difficult use cases complements our identity security platform.”

    Integration to CyberArk Marketplace

    Badge and CyberArk are launching a new integration that: 

    1. Enables unprecedented multi-factor authentication experience across all channels, including new and shared devices,
    2. Offers next-generation privacy technology and a more streamlined user experience to customers
    3. Brings phishing-resistant authentication to account recovery workflows.

    “We’re proud to partner with CyberArk. This integration represents a pivotal step forward in the quest to defeat cyber threats targeting privileged accounts. Stored privileged credentials are a high-target vulnerability, and eliminating this weak point is a big step forward. It also underscores the importance of innovative cybersecurity solutions and demonstrates how advancements in technology can be leveraged to enhance security measures across the board,” said Dr. Tina P. Srivastava, Badge Co-founder. “By addressing the vulnerabilities associated with traditional authentication methods like passwords, organizations can protect their most critical assets more effectively, ensuring that their ‘keys to the kingdom’ remain out of reach from cyber adversaries.”

    As cyber threats evolve, so are the approaches to cybersecurity. Together, Badge and CyberArk are helping businesses eliminate vulnerable attack surfaces and provide a more streamlined user experience.

    About CyberArk 

    CyberArk is the global leader in identity security. Centered on intelligent privilege controls, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud environments and throughout the DevOps lifecycle. The world’s leading organizations trust CyberArk to help secure their most critical assets.

    About Badge

    Badge enables privacy-preserving authentication to every application, on any device, without storing user secrets or PII. Badge’s patented technology allows users to derive private keys on the fly using their biometrics and factors of choice without the need for hardware tokens or secrets. Badge was founded by field-tested cryptography PhDs from MIT and is venture-backed by tier 1 investors. Customers and partners include top Fortune companies across healthcare, banking, retail, and services. To learn more: http://www.badgeinc.com.

    Contact

    Media Contact

    John O’Brien

    SBS Comms

    badge@sbscomms.com

    The MIL Network

  • MIL-OSI: Renasant Announces 2024 Third Quarter Webcast and Conference Call Information

    Source: GlobeNewswire (MIL-OSI)

    TUPELO, Miss., Oct. 08, 2024 (GLOBE NEWSWIRE) — Renasant Corporation (NYSE: RNST) (the “Company”) will announce 2024 third quarter results following the NYSE’s closing on Tuesday, October 22, 2024. The Company will hold executive management’s quarterly webcast and conference call with analysts on Wednesday, October 23, 2024, at 10:00 AM Eastern Time (9:00 AM Central Time).

    The webcast is accessible through Renasant’s investor relations website at http://www.renasant.com or https://event.choruscall.com/mediaframe/webcast.html?webcastid=YvWBKrUB. To access the conference via telephone, dial 1-877-513-1143 in the United States and request the Renasant Corporation 2024 Third Quarter Earnings Webcast and Conference Call. International participants should dial 1-412-902-4145 to access the conference call.

    The webcast will be archived on http://www.renasant.com and will remain accessible for one year. A replay can be accessed via telephone by dialing 1-877-344-7529 in the United States and entering conference number 8626805 or by dialing 1-412-317-0088 internationally and entering the same conference number. Telephone replay access is available until November 6, 2024.

    About Renasant Corporation:

    Renasant Corporation is the parent of Renasant Bank, a 120-year-old financial services institution. Renasant has assets of approximately $17.5 billion and operates 185 banking, lending, mortgage, and wealth management offices throughout the Southeast as well as offering factoring and asset-based lending on a nationwide basis.

    Note to Investors:

    This news release may contain, or incorporate by reference, statements which may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements usually include words such as “expects,” “projects,” “anticipates,” “believes,” “intends,” “estimates,” “strategy,” “plan,” “potential,” “possible” and other similar expressions.

    Prospective investors are cautioned that any such forward-looking statements are not guarantees for future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include significant fluctuations in interest rates, inflation, economic recession, significant changes in the federal and state legal and regulatory environment, significant underperformance in our portfolio of outstanding loans, and competition in our markets. Management believes that the assumptions underlying the Company’s forward-looking statements are reasonable, but any of the assumptions could prove to be inaccurate. Investors are urged to carefully consider the risks described in the Company’s filings with the Securities and Exchange Commission (the “SEC”) from time to time, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at http://www.renasant.com and the SEC’s website at http://www.sec.gov. The Company expressly disclaims any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

    Contacts For Media:         
    John S. Oxford
    Senior Vice President         
    Chief Marketing Officer
    (662) 680-1219
    joxford@renasant.com  
    For Financials:         
    James C. Mabry IV
    Executive Vice President         
    Chief Financial Officer
    (662) 680-1281
    jim.mabry@renasant.com 

    The MIL Network

  • MIL-OSI: Nokia and Centranet trial brings 50G PON speeds to tribal nation in rural Oklahoma

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and Centranet trial brings 50G PON speeds to tribal nation in rural Oklahoma

    • Demonstration of Nokia 50G PON solution enables Centranet to become the first company to connect a pilot subscriber in a tribal nation to a 50Gbps fiber connection.
    • Live commercial trial of Nokia Lightspan MF platform provides Centranet with the foundation needed to provide equitable, high-speed internet access to all.
    • Nokia is the only vendor supporting all next-generation PON technology options, allowing operators to choose the right strategy for their needs and business cases.

    8 October 2024
    Stillwater, Oklahoma – Nokia today announced that Centranet, a leading electrical cooperative, has become the first company to demonstrate a 50Gbps fiber internet connection for a tribal nation in Oklahoma. The live commercial trial, using Nokia’s Lightspan fiber solution, allowed Centranet to connect a pilot member of the Sac and Fox nation to one of the fastest residential internet speeds available globally. This marks a significant milestone for the company and its ability to close the digital divide for rural and Indigenous communities.

    The groundbreaking connection was unveiled at the Future of Rural Broadband Showcase, underscoring the company’s commitment to delivering world-class broadband technology to historically underserved regions. This is the first live commercial trial of 50G PON technology in a tribal nation, demonstrating how Nokia’s fiber access platform can be used to provide future-proof broadband access to communities of all sizes and densities.

    Using Nokia’s Lightspan MF fiber solution, Centranet can provide current subscribers with multi-gigabit speeds today, along with future 50G PON services needed for online education, telehealth, and digital services essential in the modern era. The trial with Nokia demonstrates Centranet’s commitment to ensuring equitable access to reliable, high-speed internet for all.

    Mark Klimek, Vice President, North American Business Center at Nokia said: “Our fiber platform supports a full range of PON technologies, allowing them to be mixed and matched on the same platform to deliver ultra-fast, reliable internet services over a single fiber. This is critical for those who want to future-proof their fiber network and gain the flexibility to address evolving network demands. By partnering with Centranet, we are ensuring that every community, especially those who have been underserved for far too long, can access the opportunities that cutting-edge technology provides, now and for generations to come.”

    Randle Carter, Principal Chief, Sac and Fox Nation, said: “We pursued this grant to enhance the availability and the viability for our tribal members to access fiber optic opportunities, not just now, but in the future.”

    Mark Prather, President of Fiber and Technology, said: “”At Centranet, we are deeply committed to investing in the future the communities we serve. Centranet has deployed 3,300 miles of fiber in north-central Oklahoma in the past three years. Bringing high-speed broadband to the Sac and Fox Nation, as well as other tribes and underserved areas has been a priority for us. This project is about more than just technology—it’s about ensuring that everyone in our community has the tools and opportunities they need to thrive in today’s digital world.”

    Resources and additional information
    Webpage: Nokia Lightspan MF
    Webpage: Nokia Altiplano Access Controller
    Webpage: Accelerating to gigabit with fiber
    Webpage: Fiber for Everything

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About Centranet
    Established in 2020, Centranet provides fiber to the home internet access to more than 10,000 rural households in north central Oklahoma. A subsidiary of Central Rural Electric Cooperative, Centranet is dedicated to connecting rural Oklahomans with the speed of light.

    For more information, visit centranetfiber.com.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network

  • MIL-OSI: RegEd to Showcase Next-Generation Producer Management Technology at the 2024 InsureTech Connect Conference

    Source: GlobeNewswire (MIL-OSI)

    Raleigh, NC, Oct. 08, 2024 (GLOBE NEWSWIRE) — RegEd, the leading provider of compliance technology solutions to the insurance and financial services industry, is proud to be a Silver Sponsor of the 2024 InsureTech Connect (ITC) Conference, held from Oct. 15-17, in Las Vegas, NV.

    During the conference, RegEd will showcase its Xchange Producer Management solution, which has been developed in partnership with the nation’s largest insurance companies. Jacob Spitzley, RegEd Director of Product Management, will present “Xchange iX: Transforming the Producer Lifecycle to Achieve Real-Time, Compliant Business Placement” on Wed., Oct. 16th at 10:10 AM. The presentation will detail how Xchange automates and streamlines producer management and compliance processes, from onboarding and initial licensing to license renewals and terminations. Additionally, attendees will learn how IT can empower business operations through advanced automation and integration to the insurance tech ecosystem.

    ITC Vegas, the premier global event for the insuretech sector, hosts the largest gathering of technology innovators, investors, and insurance leaders from around the world. Over three days, the event will bring together the industry’s top minds to unveil cutting-edge solutions, explore strategies for driving efficiency and cost savings, and foster valuable networking opportunities. Attendees will represent key sectors such as Property & Casualty, Life, Health, Small Business, and Specialty Insurance, making it a must-attend for industry professionals.

    End-to-End Producer Lifecycle Automation and Management By Exception

    Proven through over more than 200 successful implementations, Xchange Producer Management delivers the most advanced automation in the industry, minimizing human intervention, reducing NIGOs, and speeding time to market. It is the only end-to-end solution that automates and streamlines producer management and compliance processes, from onboarding and initial licensing to license renewals and terminations.

    Key capabilities include:

    • Comprehensive tools to seamlessly integrate contracting, licensing, appointments, registrations, CE/training, and ongoing credential maintenance.
    • Straight-through processing and just-in-time appointments, enabling efficiency across all operational processes.
    • Unique capabilities like Smart Appointments and Alerts 2.0 for producer data reconciliation streamline workflows and enhance productivity.
    • A seamless user experience with self-service capabilities ensures the highest level of satisfaction for producers and adjusters.
    • Real-time credentials validation ensures immediate “clear to sell” status, maintaining compliance.

    To learn more about how Xchange drives efficiency in producer management, visit RegEd at booth #1949 the 2024 ITC Conference or schedule a consultation.

    The MIL Network

  • MIL-OSI: LECTRA: Monthly declaration of the total number of shares and voting rights composing the company’s capital (at September 30th, 2024)

    Source: GlobeNewswire (MIL-OSI)

    Monthly declaration of the total number of shares and voting rights composing the company’s capital (at September 30th, 2024)

    This declaration is established in accordance with Article L.233-8 II of the French Code de Commerce and of Article 223-11 of the Règlement Général of the Autorité des marchés financiers (AMF).

    Date:

    September 30th, 2024

    Total number of shares composing the capital:

    37,954,585

    Total number of voting rights, gross (1):

    38,146,735

    Total number of voting rights, net (2):

    38,113,978

    (1) In accordance with the second paragraph of article 223-11 of the Règlement Général of the AMF, the gross total of voting rights is based on the total number of shares composing the company’s capital which have voting rights, including shares deprived of their voting rights

    (2) The net total of voting rights is equal to the gross total, minus the number of shares deprived of their voting rights (treasury shares)

    Other than the legal notification requirements for crossing the thresholds established by French law, there is no special statutory obligation.

    Attachment

    The MIL Network

  • MIL-OSI: WISeKey to Launch Enhanced WISePhone.CH 2025 Edition with Advanced Capabilities

    Source: GlobeNewswire (MIL-OSI)

    WISeKey to Launch Enhanced WISePhone.CH 2025 Edition with Advanced Capabilities

    Launch Slated for Q2 2025

    Video PoC of WISePhone.CH is Available at https://lnkd.in/e97fwkuD

    Additional Information Available at http://www.WISePhone.CH

    Geneva, Switzerland – October 8, 2024: WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leader in cybersecurity, AI, Blockchain, and IoT operating as a holding company, today announced the upcoming launch of its enhanced WISePhone.CH 2025 Edition. Building upon its 2017 introduction, WISePhone.CH was the first secure blockchain phone aimed at providing enterprise-grade protection for digital communications. This new edition, slated for release in Q2 2025, promises significant advancements in security and performance.

    WISePhone.CH 2025 Edition will introduce a comprehensive suite of new features, designed to protect both individual and IoT device data using cutting-edge blockchain technology. As an all-in-one secure platform, it offers superior privacy and security for both personal and business use, emphasizing data protection through advanced encryption and secure storage.

    New Features and Enhanced Security

    The WISePhone.CH 2025 edition is designed to be an affordable, versatile tool that enhances mobility while ensuring the confidentiality of intellectual property and sensitive communications. With the ability to transform public networks and mobile devices into ultra-secure communication channels, it is an ideal solution for enterprises seeking to strengthen their cybersecurity posture.

    Powered by WISeKey’s proprietary security technology and operating on an optimized Android OS, WISePhone.CH supports secure communications via encrypted email and voice services, secure digital identity management, and cloud-based data protection. The integrated Personal Cybersecurity Hub offers complete control over application permissions, providing separate, secure environments for personal and business data.

    Pre-Loaded with WISeKey’s Suite of Secure Applications

    WISePhone.CH 2025 Edition will come pre-installed with WISeKey’s suite of security solutions, including WISeID and WISeTalk. These applications provide encrypted voice calls, conference calls, secure texting, and file transfer capabilities, ensuring end-to-end security. In a major development, WISePhone.CH will be the first smartphone to be powered by SEALCOIN, WISeKey’s proprietary cryptocurrency and blockchain platform, enabling users to engage in secure transactions on-the-go.

    Cutting-Edge Hardware and Cryptocurrency Integration

    The phone will feature an integrated crypto wallet and a Hardware Security Module (HSM), delivering an unmatched level of security for data storage and financial transactions. It will also support SuisseID Digital Identity, enabling qualified cloud-based digital signatures in compliance with Swiss government regulations and GDPR standards.

    Reinforced Protection through WISeID and WISeAccess

    The WISeID feature secures users’ digital assets and personal data in an encrypted enclave, backed by WISeKey’s secure Swiss cloud. The WISeAccess multi-factor authentication system further enhances security, ensuring that only authorized individuals can access the full suite of WISePhone.CH applications.

    WISeKey continues to push the boundaries of cybersecurity technology, ensuring that businesses and individuals worldwide remain safe from ever-evolving digital threats.

    About WISeKey 

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a Swiss-based computer infrastructure company specializing in cybersecurity, digital identity, blockchain, Internet of Things (IoT) solutions, and post-quantum semiconductors. As a computer infrastructure company, WISeKey provides secure platforms for data and device management across industries like finance, healthcare, and government. It leverages its Public Key Infrastructure (PKI) to ensure encrypted communications and authentication, while also focusing on next-generation security through post-quantum cryptography.

    WISeKey’s work with post-quantum semiconductors is aimed at future-proofing its security solutions against the threats posed by quantum computing. These advanced semiconductors support encryption that can withstand the computational power of quantum computers, ensuring the long-term security of connected devices and critical infrastructure. Combined with its expertise in blockchain and IoT, WISeKey’s post-quantum technologies provide a robust foundation for secure digital ecosystems at the hardware, software, and network levels.

    WISeKey operates as a holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd 
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com
    WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611 / lcati@equityny.com
    Katie Murphy
    Tel: +1 212 836-9612 / kmurphy@equityny.com

    The MIL Network

  • MIL-OSI: Lendmark Financial Services Expands Alabama Presence with Muscle Shoals Branch, Marking its 17th Location in the State

    Source: GlobeNewswire (MIL-OSI)

    MUSCLE SHOALS, Ala., Oct. 08, 2024 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Alabama footprint, opening a new branch in Muscle Shoals.

    The branch is located at 1901 Woodward Avenue and is expected to serve hundreds of customers in its first year. Tiffany Hurtarte, who serves as the branch manager, will be responsible for administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “Lendmark’s growth shows many consumers need additional financial service options to manage planned and unplanned life events without depleting their savings,” said Chad DeBoard, Vice President of Branch Operations at Lendmark. “Our team will bring our customer-first, relationship-based approach to Muscle Shoals, delivering personalized and convenient solutions that meet the respective financial needs of this community’s residents.”

    Lendmark also provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to service this need should visit the branch or call 256-248-9585.

    Lendmark remains dedicated to giving back through its signature cause-related initiative, ‘Climb to Cure.’ The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    Lendmark customers can participate by donating $1 when closing their loan. Lendmark matches the donation.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 515 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit http://www.lendmarkfinancial.com.

    Media Contact
    Jeffrey Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/156ef33e-22af-42f3-805e-b379a8ff322a

    The MIL Network

  • MIL-OSI: Proportfoliopartners Unveils Revolutionary Trading Platform: Experience 3x Faster Trades

    Source: GlobeNewswire (MIL-OSI)

    London, UK, Oct. 08, 2024 (GLOBE NEWSWIRE) — In a groundbreaking advancement for the crypto trading industry, Proportfoliopartners has introduced a next-generation platform that allows users to trade at speeds up to 3x faster than traditional systems. This revolutionary platform now stands as the most advanced and swiftest crypto trading solution globally, giving investors a significant advantage in today’s fast-moving markets.

    Unlocking 3x Faster Trades
    In a world where speed and precision are critical in the crypto markets, Proportfoliopartners’ platform offers a cutting-edge solution for traders of all experience levels. Engineered to execute trades at speeds far beyond most platforms, it maximizes profit potential in a fraction of the time. Powered by AI-driven algorithms, the platform identifies lucrative opportunities in the market with pinpoint accuracy, helping users consistently achieve competitive returns faster than before.

    “Proportfoliopartners has always been a leader in innovation. With this new platform, we’re empowering traders to stay ahead of real-time market movements,” said the CEO of Proportfoliopartners. “With the world’s fastest trading algorithms, we’re proud to offer investors a way to achieve accelerated returns with unmatched execution speed.”

    Meeting the Demands of a Fast-Paced Market
    The crypto trading landscape is notorious for its volatility and rapid pace, making it essential for traders to react quickly. Traditional platforms often suffer from slow execution speeds, resulting in missed opportunities. Proportfoliopartners’ new platform eliminates these issues, offering ultra-fast trade execution, real-time market insights, and adaptive AI-driven strategies that react within milliseconds.

    “Our platform doesn’t just keep pace with the market—it anticipates it,” the CEO explained. “By analyzing data at lightning speed, traders can capitalize on opportunities before they fully emerge, giving our users a crucial advantage.”

    A Game-Changer for Traders of All Levels
    Whether you’re an experienced trader or just starting, Proportfoliopartners’ platform is designed to cater to all needs. Its user-friendly interface ensures ease of use, while the advanced technology behind the scenes offers powerful tools for both novices and pros. New traders benefit from automated strategies that simplify trading, while seasoned traders can customize and implement their own algorithms for tailored strategies.

    “Our vision was to create a platform that democratizes crypto trading,” the CEO added. “From professionals seeking advanced tools to newcomers looking for confidence, this platform offers everything needed to aim for faster trades and better results, powered by the world’s most sophisticated AI.”

    The Future of Crypto Trading
    As the demand for faster, more efficient crypto trading solutions grows, Proportfoliopartners’ platform arrives at a perfect time. Traders are now looking for platforms that offer not only speed and high returns but also security and transparency. Proportfoliopartners addresses these concerns by integrating state-of-the-art security measures and maintaining regulatory compliance, allowing users to trade with confidence in a secure environment.

    With additional features like advanced risk management tools to safeguard investments and round-the-clock customer support, Proportfoliopartners is committed to providing users with the resources they need to succeed in a rapidly evolving crypto market.

    Call to Action
    Proportfoliopartners’ fast-trading platform is reshaping the crypto trading landscape. Investors are encouraged to explore its full potential and unlock powerful tools designed to enhance trading performance. To celebrate the launch, the company is offering a limited-time promotion, giving new users access to premium features at no extra cost.

    For more information and to experience the future of crypto trading with 3x faster performance, visit Proportfoliopartners today. The future of crypto trading is faster—don’t miss out!

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network

  • MIL-OSI USA: FEMA is Still Here for Hurricane Francine Survivors

    Source: US Federal Emergency Management Agency

    Headline: FEMA is Still Here for Hurricane Francine Survivors

    FEMA is Still Here for Hurricane Francine Survivors

    BATON ROUGE, La. – FEMA remains in Louisiana to assist survivors recovering from Hurricane Francine. 

    As of Oct. 7, more than 17,000 residents in Ascension, Assumption, Lafourche, Jefferson, St. Charles, St. James, St. John the Baptist, St. Mary and Terrebonne parishes have received more than $46 million in assistance since Hurricane Francine made landfall on Sept. 11, 2024. 

    This includes: 

    • More than $12.6 million for Serious Needs Assistance, a one-time payment of $750 per household. This payment would be in addition to any other assistance from FEMA. The money can be used for emergency supplies like water, food, first aid, breastfeeding supplies, infant formula, diapers, personal hygiene items, or fuel for transportation. It is available to eligible survivors who apply within the first 30 days after the disaster was declared.
    • More than $8.7 million for Displacement Assistance or money to help with housing needs if you cannot return to your home because of the disaster. The money can be used to stay in a hotel, with family and friends or other options.
    • More than $2.5 million for the Clean and Sanitize program which is up to $300 from FEMA and the State of Louisiana to help clean up houses damaged by Francine that remain habitable.

    Both Serious Needs Assistance and Displacement Assistance require an inspection to confirm eligibility before funds are provided to applicants.

    In the nine parishes designated for federal assistance, Disaster Recovery Centers are open to support survivors. FEMA employees are on-hand to answer questions and assist with applications. Representatives of the U.S. Small Business Administration, the State of Louisiana and nonprofit and nongovernmental partners are also on available to assist survivors as they navigate their recovery. 

    The centers are accessible to people with disabilities or access and functional needs and are equipped with assistive technology. If you need a reasonable accommodation or sign language interpreter, please call 833-285-7448 (press 2 for Spanish).

    DRCs are open at the following locations: 

    Ascension Parish

    Lemann Memorial Center

    1100 Clay St.

    Donaldsonville, LA 70346

    Assumption Parish

    Assumption High School, North Building

    4880 Hwy 308

    Napoleonville, LA 70390 

    Jefferson Parish

    Martin Luther King Community Resource Center

    1042 31st St

    Kenner, LA 70065

    Lafourche Parish

    Lafourche Parish Emergency Operations Center

    4876 Hwy. 1

    Raceland, LA 70394

    St. Charles Parish

    Alan Arterbury Building

    14564 River Road

    New Sarpy, LA 70078

    St. John the Baptist Parish

    Reserve Library

    1482 Hwy 44

    Reserve, LA 70084

    St. James Parish

    Convent Community Center

    5775 Hwy 44

    Convent, LA 70723

    St. Mary Parish

    Morgan City Municipal Auditorium
    728 Myrtle St.
    Morgan City, LA 70380

    Terrebonne Parish

    Terrebonne Parish Library

    151 Library Drive

    Houma, LA 70360

    The centers will operate from 8 a.m. to 5 p.m., Monday through Saturday. No appointment is necessary. 

    You do not have to visit a center to apply for FEMA disaster assistance. The quickest way to apply is by going online at disasterassistance.gov/.

    Additional options when applying include:

    • Download the FEMA App for mobile devices. 
    • Call the FEMA helpline at 800-621-3362 between 6 a.m. and 11 p.m. Help is available in most languages. If you use a relay service, such as video relay (VRS), captioned telephone or other service, give FEMA your number for that service.
    • To view an accessible video about how to apply visit: Three Ways to Register for FEMA Disaster Assistance – YouTube.

    For the latest information visit fema.gov/disaster/4817. Follow FEMA Region 6 social media at X.com/FEMARegion6 or on Facebook at facebook.com/femaregion6.

    alexa.brown

    MIL OSI USA News

  • MIL-OSI Canada: Government of Canada invests in Giatec® Scientific Inc. and its AI-driven concrete demonstration plant

    Source: Government of Canada News (2)

    News release

    This investment in Giatec Scientific Inc. will create an estimated 160 well-paying jobs and help reduce the Canadian carbon footprint for concrete

    October 8, 2024 – Ottawa, Ontario

    The federal government is committed to a carbon-neutral future and has set the ambitious target of achieving a net-zero economy by 2050 while creating good-paying jobs. As part of that commitment, we are supporting the transition to clean technology innovations that will help Canadian businesses reduce carbon emissions and lessen their impact on the environment.

    Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, is pleased to announce a $17.5 million investment in Giatec Scientific Inc. This investment will support the company’s $65.8 million project to develop sensor technologies using artificial intelligence (AI) to optimize concrete mixtures, resulting in a reduced carbon footprint, while improving the quality of building materials used for Canadian infrastructure.

    With this investment, Giatec Scientific Inc. will develop a smart concrete demonstration plant, which will operate using its new SmartMix™ technological innovation, for companies and universities to advance innovation in the construction ecosystem. This plant will be based in Ottawa is estimated to create 160 good-paying jobs.

    Canada is a global leader in tackling climate change, and this announcement will not only help Giatec Scientific Inc. lower its own greenhouse gas emissions but also provide an opportunity for all industry stakeholders in Canada to do the same. 

    Quotes

    “Our government is committed to a net-zero future for Canada, and this project is precisely the investment we need. By leveraging technological innovation to reduce greenhouse gas emissions and improving building materials quality, we can drive efficiencies that lower construction costs, making projects more affordable and profitable for our construction industry. It is a win for our planet, our infrastructure and our industry.”
    – The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry

    “Securing the Strategic Innovation Fund funding is a significant step forward for Giatec as we embark on our three-year, $65.8 million research and development project to build the world’s first AI-enabled digital platform for the concrete industry. This groundbreaking platform will deliver tremendous value to various stakeholders across the industry, including cement, aggregate and admixture producers, ready-mix suppliers, construction companies and infrastructure owners. Our vision is to revolutionize the concrete industry and help build more sustainable, efficient and durable infrastructure, while positioning Canada as a global leader in clean, innovative technologies.”
    – Pouria Ghods, CEO and Co-founder of Giatec Scientific Inc.

    Quick facts

    • The Strategic Innovation Fund (SIF) provides major investments in innovative projects that will help grow Canada’s economy for the benefit of all Canadians. SIF covers all sectors of the economy and is available to for-profit and not-for-profit organizations, with the goal of supporting the Canadian innovation network.

    • Giatec Scientific Inc. was founded in 2011 with a mission to bring disruptive, knowledge-based and sustainable technologies to the concrete industry. Its products allow concrete producers, contractors and business owners to increase the profitability of their projects by improving efficiencies, while reducing the environmental impact of the concrete industry.

    • SmartMix™ platform is an innovation that will allow Giatec Scientific Inc. to design cost-optimized concrete mixes. The project will lead to the development, deployment and commercialization of sensory/software technologies that can be used to monitor concrete throughout its life cycle, from variabilities in raw material to in-transit properties to characteristics of the completed concrete over its lifetime.

    • The technology developed through this project will contribute to reducing the greenhouse gas emissions of concrete manufacturing by up to 20% by optimizing concrete mixtures to use less cement.

    • Through the Roadmap to Net-Zero Carbon Concrete by 2050, the Government of Canada, in partnership with the Canadian cement and concrete industry, has charted the course to a net-zero carbon cement and concrete industry by 2050, committing to reduce more than 15 megatonnes (Mt) of greenhouse gas emissions cumulatively by 2030, and more than 4 Mt annually thereafter.

    Associated links

    Contacts

    Audrey Milette
    Press Secretary
    Office of the Minister of Innovation, Science and Industry
    audrey.milette@ised-isde.gc.ca

    Media Relations
    Innovation, Science and Economic Development Canada
    media@ised-isde.gc.ca

    Stay connected

    Find more services and information on the Innovation, Science and Economic Development Canada website.

    Follow Innovation, Science and Economic Development Canada on social media.
    X (Twitter): @ISED_CA | Facebook: Canadian Innovation | Instagram: @cdninnovation | LinkedIn: Innovation, Science and Economic Development Canada

    MIL OSI Canada News

  • MIL-OSI USA: SBA Economic Injury Disaster Loans Available to North Dakota Small Businesses

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – Small nonfarm businesses in three North Dakota counties and neighboring counties in Montana and South Dakota are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration, announced Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. These loans offset economic losses because of reduced revenues caused by drought in the following primary county that began Aug. 6.

    Primary North Dakota county:  Bowman;
    Neighboring North Dakota counties:  Adams and Slope;
    Neighboring Montana county:  Fallon;
    Neighboring South Dakota county:  Harding.

    When farmers face crop losses and a disaster is declared by the Secretary of Agriculture, SBA working capital loans become a lifeline for eligible small businesses. “These loans are the backbone that helps rural communities bounce back and thrive after a disaster strikes,” Sánchez said.

    “SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Sánchez continued.

    Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.

    “Eligibility for these loans is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 4 percent for businesses and 3.25 percent for private nonprofit organizations, a maximum term of 30 years and are available to small businesses and most private nonprofits without the financial ability to offset the adverse impact without hardship,” Sánchez added.

    Interest does not begin to accrue until 12 months from the date of the initial disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

    By law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared this disaster on Sept. 30.

    Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of Agriculture assistance made available by the Secretary’s declaration. However, nurseries are eligible for SBA disaster assistance in drought disasters.

    Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email 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.

    The deadline to apply for economic injury is May 30, 2025.

    ###

    About the U.S. Small Business Administration
    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit http://www.sba.gov.

    MIL OSI USA News

  • MIL-OSI: Pieridae Announces Closing of Equity Rights Offering

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
    DISSEMINATION IN UNITED STATES

    CALGARY, Alberta, Oct. 08, 2024 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) is pleased to announce the successful completion of its previously announced equity rights offering (the “Rights Offering”) to eligible holders of its common shares (the “Common Shares”) of record at the close of business on September 9, 2024. The Rights Offering expired at 3:00 p.m. MDT on October 2, 2024, with the rights trading on the Toronto Stock Exchange (“TSX”) under the symbol “PEA.RT” and having been de-listed on that date.

    At closing, Pieridae issued an aggregate of 118,476,306 Common Shares pursuant to the Rights Offering and the Standby Commitment (as described below) at a price of $0.2448 per Common Share (the “Subscription Price”) for aggregate gross proceeds of approximately $29 million. Following closing, Pieridae has 290,387,642 Common Shares issued and outstanding.

    The Rights Offering resulted in 37,818,913 Common Shares issued pursuant to the exercise of rights under the basic subscription privilege and 61,251,034 Common Shares issued under the additional subscription privilege, for a total of 99,069,947 Common Shares issued to shareholders pursuant to the Rights Offering.

    As previously announced, in connection with the Rights Offering, the Company entered into a standby purchase agreement (the “Standby Purchase Agreement”) with Alberta Investment Management Corporation (“AIMCo”), an existing shareholder of Pieridae, pursuant to which AIMCo agreed to fully exercise its basic subscription privilege under the Rights Offering and to purchase up to an additional 77,625,434 Common Shares not otherwise subscribed for under the Rights Offering (the “Standby Commitment”). In addition to fully exercising its basic subscription privilege for 24,498,749 Common Shares and its additional subscription privilege for 58,219,075 Common Shares, AIMCo acquired 19,406,359 Common Shares pursuant to the Standby Commitment. Following closing of the Rights Offering, AIMCo owns approximately 47% of Pieridae’s issued and outstanding Common Shares. Shareholder approval was not required in respect of AIMCo becoming a control person of Pieridae because it acquired Common Shares in accordance with the rights offering exemption under Section 2.1 of National Instrument 45-106 – Prospectus Exemptions, and because the Subscription Price was at a “significant discount” to the closing price of the Common Shares on the TSX on August 26, 2024, being the last trading day prior to the announcement of the Rights Offering.

    To the knowledge of the Company after reasonable inquiry, insiders of Pieridae, including AIMCo, acquired 25,900,176 Common Shares under the basic subscription privilege and 59,879,790 Common Shares under the additional subscription privilege. To the knowledge of the Company after reasonable inquiry, no person that was not an insider of the Company before the Rights Offering became an insider as a result of the Rights Offering.

    Pieridae intends to use the aggregate net proceeds from the Rights Offering and Standby Commitment to repay indebtedness, for working capital and general corporate purposes, and to fund certain value-accretive optimization projects.

    “We are very pleased with the results of the Rights Offering and the Standby Commitment, which resulted in approximately $29 million equity proceeds for the Company. This is a strong endorsement by participating Pieridae shareholders in favour of our E&P and midstream strategy”, commented Darcy Reding, the Company’s President and Chief Executive Officer.

    Pursuant to the terms of the Standby Purchase Agreement, Pieridae has also entered into an investor rights agreement (the “Investor Rights Agreement”) and a registration rights agreement (the “Registration Rights Agreement”) with AIMCo, each effective as of the date hereof. Copies of the Investor Rights Agreement and Registration Rights Agreement will be made available under Pieridae’s profile on SEDAR+ at http://www.sedarplus.ca.

    Details of the Rights Offering and the Standby Commitment are set out in Pieridae’s Rights Offering notice and Rights Offering circular (the “Circular”), which are available under Pieridae’s profile on SEDAR+ at http://www.sedarplus.ca.

    There are no selling fees or commissions payable in connection with the Rights Offering. There is no fee payable to AIMCo in respect of the Standby Commitment; however, the Company has agreed to pay the reasonable out-of-pocket costs and expenses incurred by AIMCo in connection with the Standby Purchase Agreement and the Rights Offering.

    The Common Shares issued upon exercise of the rights have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the “United States” or to “U.S. persons” (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended). This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. There shall be no sale of the securities in any jurisdiction in which an offer to sell, a solicitation of an offer to buy, or a sale would be unlawful.

    ADVISORS

    Peters & Co. Limited acted as exclusive financial advisor to Pieridae with respect to the Rights Offering. Norton Rose Fulbright Canada LLP acted as Pieridae’s legal advisor.

    ABOUT PIERIDAE

    Pieridae is a Canadian energy company headquartered in Calgary, Alberta. The Company is a significant upstream producer and midstream custom processor of natural gas, natural gas liquids, condensate, and sulphur from the Canadian Foothills and adjacent areas in Alberta and in northeast British Columbia. Pieridae’s vision is to provide responsible, affordable natural gas and derived products to meet society’s energy security needs. Pieridae’s Common Shares trade on the TSX under the symbol “PEA”.

    For further information, visit http://www.pieridaeenergy.com, or please contact:

    Darcy Reding, President & Chief Executive Officer  Adam Gray, Chief Financial Officer
    Telephone: (403) 261-5900 Telephone: (403) 261-5900
       
    Investor Relations  
    investors@pieridaeenergy.com  
       

    Forward-Looking Statements

    Certain of the statements contained herein may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws (collectively “forward-looking statements”). Words such as “may”, “will”, “should”, “could”, “would”, “intend”, “future”, “vision”, “strategy”, “prospect” and other similar words and expressions may be used to identify the forward-looking statements contained herein. These statements reflect management’s current beliefs and are based on information currently available to management. Forward-looking statements contained herein include, without limitation: the intended use of proceeds from the Rights Offering and the Standby Commitment; the anticipated benefits of the Rights Offering and the Standby Commitment; the Company’s E&P and midstream strategy; and the Company’s vision to provide responsible, affordable natural gas and derived products.

    Forward-looking statements involve significant risk and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including, but not limited to, the risks associated with oil and gas exploration, development, exploitation, production, processing, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of resources estimates, environmental risks, competition from other producers, incorrect assessment of the value of acquisitions, failure to realize the anticipated benefits of acquisitions, delays resulting from or inability to obtain required regulatory approvals, and ability to access sufficient capital from internal and external sources. These and other risk factors are discussed in more detail under “Risk Factors” and elsewhere in Pieridae’s Annual Information Form for the year ended December 31, 2023 and under “Risk Factors” in the Circular, copies of which are available on the Company’s profile on SEDAR+ at http://www.sedarplus.ca.

    Forward-looking statements are based on a number of factors and assumptions which have been used to develop such forward-looking statements, but which may prove to be incorrect. Although Pieridae believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because Pieridae can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this document, assumptions have been made regarding, among other things: the impact of increasing competition; the general stability of the economic and political environment in which Pieridae operates; the ability of Pieridae to obtain and retain qualified staff, equipment and services in a timely and cost efficient manner; the ability of the operator of the projects which Pieridae has an interest in to operate the field in a safe, efficient and effective manner; the ability of Pieridae to obtain financing on acceptable terms; the ability to replace and expand oil and natural gas resources through acquisition, development and exploration; the timing and costs of pipeline, storage and facility construction and expansion and the ability of Pieridae to secure adequate product transportation; future oil and natural gas prices; currency, exchange and interest rates; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Pieridae operates; timing and amount of capital expenditures; future sources of funding; production levels; weather conditions; success of exploration and development activities; access to gathering, processing and pipeline systems; advancing technologies; and the ability of Pieridae to successfully market its oil and natural gas products.

    Readers are cautioned that the foregoing list of assumptions and risk factors is not exhaustive. Additional information on these and other factors that could affect Pieridae’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website (www.sedarplus.ca), and at Pieridae’s website (www.pieridaeenergy.com).

    Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, management cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and Pieridae assumes no obligation to update or review them to reflect new events or circumstances except as required by applicable securities laws.

    Forward-looking statements contained herein concerning the oil and gas industry and Pieridae’s general expectations concerning this industry are based on estimates prepared by management using data from publicly available industry sources as well as from reserve reports, market research and industry analysis and on assumptions based on data and knowledge of this industry which Pieridae believes to be reasonable. However, this data is inherently imprecise, although generally indicative of relative market positions, market shares and performance characteristics. While Pieridae is not aware of any misstatements regarding any industry data presented herein, the industry involves risks and uncertainties and is subject to change based on various factors.

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

    The MIL Network

  • MIL-OSI United Nations: Secretary-General’s press encounter – on the situation in the Middle East

    Source: United Nations secretary general

    [opening remarks follow; full transcript will be available shortly]

    The nightmare in Gaza is now entering an atrocious, abominable second year.

    This has been a year of crises.  Humanitarian crisis.  Political crisis.  Diplomatic crisis.  And a moral crisis. 

    Over the last year — following the horrific terror attacks perpetrated by Hamas on 7 October — Gaza has become ground zero to a level of human suffering that is hard to fathom.

    More than 41,000 [Palestinians] have been reportedly killed, mostly women and children.  Thousands more are missing and believed to be trapped under the rubble.

    Virtually the entire population has been displaced – and no part of Gaza has been spared. 

    Journalists have been killed at a level unseen in any conflict in modern times. 

    And humanitarians – those who have dedicated their lives to helping others – are facing unprecedented, epic dangers. 

    A record number – including so many members of our UN family — have paid with their lives.

    The vast majority of those killed were part of the backbone of humanitarian relief operations in Gaza — UNRWA.

    In the midst of all the upheaval, UNRWA — more than ever — is indispensable.
    UNRWA — more than ever — is irreplaceable.

    That’s why I have written directly to Israeli Prime Minister Benjamin Netanyahu to express profound concern about draft legislation that could prevent UNRWA from continuing its essential work in the Occupied Palestinian Territory. 

    Such a measure would suffocate efforts to ease human suffering and tensions in Gaza, and indeed, the entire Occupied Palestinian Territory.

    It would be a catastrophe in what is already an unmitigated disaster. 

    Let’s be clear in practical terms what such a measure would mean.

    Operationally, the legislation would likely deal a terrible blow to the international humanitarian response in Gaza. 

    UNRWA’s activities are integral to that response.  It is not feasible to isolate one UN agency from the others.

    It would effectively end coordination to protect UN convoys, offices and shelters serving hundreds of thousands of people. 

    Without UNRWA, the delivery of food, shelter and health care to most of Gaza’s population would grind to a halt. 

    Without UNRWA, Gaza’s 660,000 children would lose the only entity that is able to re-start education, risking the fate of an entire generation. 

    And without UNRWA, many health, education and social services would also end in the occupied West Bank, including East Jerusalem.

    If approved, such legislation would be diametrically opposed to the UN Charter and in violation of Israel’s obligations under international law. 

    National legislation cannot alter those obligations.  

    And politically, such legislation would be an enormous setback to sustainable peace efforts and to a two-state solution – fanning even more instability and insecurity. 

    This draft legislation comes as the situation in which Gaza is in a death spiral.

    The latest developments in the north are especially dire.

    We are witnessing a clear intensification of military operations by Israel.

    Residential areas have been attacked.  Hospitals ordered to evacuate.  And electricity cut off – with no fuel or commercial goods allowed in.

    Around 400,000 people are being pressed yet again to move south to an area that is overcrowded, polluted and lacking the basics for survival.

    Consider the situation for a family in the Jabalya refugee camp in the north. 

    They were ordered to leave their homes in October 2023. 

    Active operations subsided, and they returned. 

    They were once again ordered to evacuate in December 2023. 

    Active operations subsided, and they returned. 

    They were ordered again to evacuate in May 2024. 

    Active operations subsided, and they returned.

    And just this month, they were once again ordered to evacuate. 

    The conclusion is clear:  there is something fundamentally wrong in the way this war is being conducted. 

    Ordering civilians to evacuate does not keep them safe if they have no safe place to go and no shelter, food, medicine or water. 

    No place is safe in Gaza and no one is safe. 
     
    International law is unambiguous:  civilians everywhere must be respected and protected – and their essential needs must be met, including through humanitarian assistance.  All hostages must be released. 

    I strongly condemn all violations of International Humanitarian Law in Gaza.

    Meanwhile, southern Gaza is overwhelmed.

    Supplies are running low and Israeli authorities are only allowing a single, unsafe road for aid from the Kerem Shalom crossing, where humanitarians face active hostilities and violent, armed looting, fueled by desperation and the collapse of public order and safety.

    I have warned for months of the risks of the conflict spreading.

    The Middle East is a powder keg with many parties holding the match.

    The situation in the occupied West Bank is boiling over.

    Now, in Lebanon, attacks – including on civilians — are threatening the entire region.

    Over the last few days – exchanges of fire between Hizbullah and others in Lebanon and the Israel Defense Forces — have intensified across the Blue Line, in total disregard of Security Council resolutions 1701 and 1559.

    Large-scale Israeli strikes deep into Lebanon – including Beirut — have killed more than 2,000 people over the last year – and 1,500 in just the past two weeks alone. 

    The toll has already surpassed the 2006 war in Lebanon.

    Attacks by Hizbullah and others south of the Blue Line have killed at least 49 people over the last year. 

    Lebanese authorities report over one million people have been displaced in Lebanon – and 300,000 people have fled into Syria. 

    Over 60,000 people remain displaced from northern Israel.
      
    Recently, the IDF started incursions across the Blue Line. 

    We are on the verge of an all-out war in Lebanon – with already devastating consequences.  But there is still time to stop. 

    The sovereignty and territorial integrity of all countries must be respected.

    Members of our own peacekeeping force in Lebanon — UNIFIL – continue to carry out their mandates to the extent possible.

    The mission relies on full compliance by all parties.  I want to again express my gratitude and admiration to our peacekeepers and Troop Contributing Countries. 

    The men and women of UNIFIL are serving in what is today the most challenging environment for peacekeepers anywhere. 
     
    All actors must ensure their safety and security.

    And we must do far more on the humanitarian front. 

    The US $426 million humanitarian aid appeal for Lebanon is only 12 per cent funded.

    I urge donors to step up. 
     
    Dear ladies and gentlemen of the media,

    The conflict in the Middle East is getting worse by the hour — and our warnings about the horrific impacts of escalation keep coming to pass. 

    Every air strike, every missile launch, every rocket fired, pushes peace further out of reach and makes the suffering even worse for the millions of civilians caught in the middle.

    That is why we cannot and will not give up on our calls for an immediate ceasefire both in Gaza and Lebanon, the immediate and unconditional release of hostages, and immediate lifesaving aid to all those who desperately need it.

    That is why we cannot and will not give up on our calls for irreversible action for a two-state solution between Israel and Palestine. 

    All people in the region deserve to live in peace.

    Thank you. 

    MIL OSI United Nations News

  • MIL-OSI Security: California Man Arrested for Threatening Massachusetts Companies

    Source: Federal Bureau of Investigation FBI Crime News (b)

    BOSTON – A California man was arrested yesterday and charged with leaving a series of violent and threatening voicemails at companies in Massachusetts.  

    Daniel Nguyen, 34, was charged by complaint with transmitting a threat in interstate commerce.  Nguyen will have an initial appearance today in federal court in San Francisco and will appear in Boston and a later date.   

    According to the charging documents, from January through February 2024, Nguyen made a series of five phone calls to companies based in Massachusetts, and left voicemails in which he threatened to “shoot up” the offices with an AK-47. In the voicemails, Nguyen allegedly said the employees were “all going to be [expletive] dead. It’s going to be a [expletive] bloodbath.”    

    The charging document also describes threatening emails that Nguyen allegedly sent to individuals in Nevada and California. Those emails allegedly contained race-based threats, stating “I will … shoot all you [expletive] [expletive]s dead and burn al[l] you [expletive] piece of [expletive] [expletive]s in the dump and ditches where all you [expletive]s belong,” and “the only good [expletive] is a dead [expletive] that is shot and killed.”   

    The charge of transmitting a threat in interstate commerce provides for a sentence of up to five years in prison, up to three years of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    Acting United States Attorney Joshua S. Levy and Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today. Assistant U.S. Attorney Lauren Maynard of the Major Crimes Unit is prosecuting the case.

    The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
     

    MIL Security OSI