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Category: Business

  • MIL-OSI Europe: Written question – Disproportionate or usury fees for cash withdrawal from ATMs in the EU – E-001828/2024

    Source: European Parliament

    Question for written answer  E-001828/2024
    to the Commission
    Rule 144
    Matjaž Nemec (S&D)

    Regulation (EU) 2021/1230[1] on cross-border payments in the Union regulates cash withdrawals from ATMs within the EU, including the application of the principle of equality of charges for cross-border cash withdrawals.

    However, this Regulation does not regulate the amounts of those fees, creating ‘Wild West’ conditions on the market, with certain banks or ATM providers charging disproportionately high or usury fees for cash withdrawals, often irrespective of the withdrawn amount. Nova Ljubljanska Banka (NLB) in Slovenia charges EUR 5.99 per cash withdrawal from their ATMs for cards issued by other EU banks[2].

    NLB is one of the biggest banks in Slovenia, and particularly in certain rural areas, has a monopoly on ATM presence. Consumers are sometimes left with no choice but to pay such usurious fees for cash withdrawals.

    Due to a risk of unfair or misleading commercial practices, I ask the Commission the following:

    • 1.Are such fees in line with the relevant EU acquis?
    • 2.Does the Commission consider NLB’s cash withdrawal fees, irrespective of the withdrawn amount, as fair, and does the Commission intend to propose a cap on such fees at EU level?
    • 3.What is the Commission doing to protect EU citizens from such disproportionate and usury fees?

    Submitted: 26.9.2024

    • [1] OJ L 274, 30.7.2021, p. 20, ELI: http://data.europa.eu/eli/reg/2021/1230/oj.
    • [2] https://nlb.si/osebno/pomoc-in-orodja/stroski-in-obrestne-mere.
    Last updated: 8 October 2024

    MIL OSI Europe News –

    January 23, 2025

  • MIL-OSI Europe: Written question – Measures to protect European companies – E-001813/2024

    Source: European Parliament

    Question for written answer  E-001813/2024
    to the Commission
    Rule 144
    Ioan-Rareş Bogdan (PPE)

    Companies both in Romania and in the rest of Europe are feeling the economic impact of the sanctions the European Union has imposed on the Russian Federation.

    • 1.The Commission’s continued efforts to support European companies affected by the sanctions imposed on Russia are to be welcomed, but in circumstances where many firms in various sectors have been impacted by those sanctions, could the Commission clarify whether financial support measures and compensation for such companies already exist or are in the pipeline?
    • 2.Could the Commission provide further details on the types of financial aid available and on the procedure to follow to obtain that aid?
    • 3.Could the Commission also provide information on future initiatives that might be implemented to reduce the economic impact on the business activities of companies currently being affected?

    Submitted: 25.9.2024

    Last updated: 8 October 2024

    MIL OSI Europe News –

    January 23, 2025

  • MIL-OSI Europe: Written question – Allegations of ‘greenwashing’ concerning JBS – E-001854/2024

    Source: European Parliament

    Question for written answer  E-001854/2024
    to the Commission
    Rule 144
    Miriam Lexmann (PPE), Christine Singer (Renew), Pina Picierno (S&D), Engin Eroglu (Renew)

    Earlier this year, the New York Attorney General filed a lawsuit against the American subsidiary of JBS, the world’s largest producer of beef products, for misleading the public about its environmental impact. JBS has claimed that it will achieve net zero greenhouse gas emissions by 2040, despite plans to increase production and thereby increase its carbon footprint.

    JBS has a well-documented history of environmental degradation, deforestation and unsustainable agricultural practices in the Amazon rainforest and other sensitive ecosystems. JBS has by far the highest emissions of any company in agriculture, and the company’s methane emissions exceed the combined total methane emissions of France, Germany, Canada and New Zealand.

    On top of this, there have been a litany of abuses, price manipulation practices and what has been dubbed ‘the largest corruption inquiry in history’ linked with the Batista brothers, who de facto control JBS through a holding company.

    Even while interinstitutional negotiations on the ‘green claims’ directive are still ongoing:

    • 1.Can the Commission confirm whether it is aware of ‘greenwashing’ allegations against JBS, and the potential impact of this on EU consumers?
    • 2.What concrete steps will the Commission take to protect EU consumers?

    Submitted: 27.9.2024

    Last updated: 8 October 2024

    MIL OSI Europe News –

    January 23, 2025

  • MIL-OSI USA: Reps. García and Beatty Lead Call for IMF Surcharge Reform

    Source: United States House of Representatives – Representative Jesús Chuy García (IL-04)

    WASHINGTON, DC — Reps. Jesús “Chuy” García (IL-04) and Joyce Beatty (OH-03), Ranking Member of the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led 11 Members of Congress in a letter urging Treasury Secretary Janet Yellen to use the United States’ voice and vote at the International Monetary Fund (IMF) to push for the elimination of harmful IMF surcharges that burden debt-stricken countries.

    Surcharges are extra fees imposed by the IMF on top of regular interest and service charges when a country’s debt exceeds a certain IMF threshold. These fees significantly increase the cost of borrowing, can undermine debt reduction efforts, and may divert public resources from critical areas like health, education, and climate adaptation. Later this month, the IMF Board of Governors will meet to vote on a series of reforms, including changes to the surcharge policy.

    The Members wrote:

    “The IMF has not offered evidence that surcharges are effective in their goal of disincentivizing reliance on the Fund. In fact, surcharges significantly increase countries’ debt burdens, and the Fund’s own analyses demonstrate that the likelihood of timely repayment and sustainable financing tend to decrease as debt burdens rise. Moreover, IMF lending already comes with great political and economic costs.

    “We acknowledge that Treasury’s approach to surcharge reform endeavors to find a balance between alleviating countries’ debt burdens and maintaining IMF reserves. However, in our estimation, elimination of surcharge fees would not unduly harm the Fund’s balance sheets. The IMF’s precautionary balances target was recently met and will continue to grow above targeted levels even in the absence of surcharges.”

    Reps. García and Beatty were joined by Reps. Sean Casten (IL-06), Emanuel Cleaver (MO-05), Rosa DeLauro (CT-03), Bill Foster (IL-11), Al Green (TX-09), Marcy Kaptur (OH-09), Brittany Pettersen (CO-07), Juan Vargas (CA-52), Nydia Velázquez (NY-07), Susan Wild (PA-07), and Nikema Williams (GA-05).

    To see the full letter, click HERE.

    MIL OSI USA News –

    January 23, 2025

  • MIL-OSI Africa: A geomagnetic storm has hit Earth – a space scientist explains what causes them

    Source: The Conversation – Africa – By Amoré Elsje Nel, Applied Geomagnetic Researcher, South African National Space Agency

    A geomagnetic storm lit up the night sky in parts of the US during the first weekend in October. South Africa’s National Space Agency (Sansa) told reporters that the storm had originated from a solar flare “that erupted from sunspot 3842 on October 3”. It said this was the strongest Earth-facing solar flare recorded by Sansa in the past seven years and that the eruption briefly affected high-frequency radio communications, “resulting in a total radio blackout over the African region which lasted for up to 20 minutes”.

    What is a geomagnetic storm? The Conversation Africa asked Sansa’s Amoré Nel, who researches geomagnetics, to explain.

    What is a geomagnetic storm and how common are they?

    A geomagnetic storm is a disturbance in Earth’s magnetic field caused by solar activity. There’s a reaction called nuclear fusion that occurs continuously deep within the Sun’s core. This generates massive amounts of energy. Some of the energy is released as light (sunlight), some as radiation (solar flares), and some as charged particles.

    The Sun also continuously emits a stream of charged particles known as the solar wind. Occasionally, the Sun releases larger bursts of energy, called coronal mass ejections. It sends clouds of these charged particles, or plasma, hurtling through space. I like to explain it to children this way: the Sun sometimes drinks a soda too fast and then burps. This “burp” is the cloud of plasma which then travels through space. These emissions don’t always hit us. But when they do, they collide with Earth’s magnetic field, disrupt it, and lead to a geomagnetic storm.

    Earth’s magnetic field is an invisible force that surrounds our planet, acting like a giant magnet with a north and south pole. It helps protect us from harmful solar radiation by deflecting charged particles from the Sun.

    The solar flare from 3842 emitted both X-flares (radiation) and a coronal mass ejection. X-flares are radiation; they travel at almost the speed of light and reach Earth within minutes. That’s what caused the brief communications disruption Sansa mentioned on 3 October. But the coronal mass ejection takes much longer to reach us. We’d predicted it would do so over the past weekend but in fact it only reached us on the morning of 8 October.

    Geomagnetic storms occur fairly often. Minor ones happen multiple times per year. The severity of a storm depends on how strong the solar event was that caused it. Larger, more intense storms are less common but can happen every few years. Solar events are closely tied to the Sun’s 11-year solar cycle, which has periods of high and low activity. During the peak of the cycle, called solar maximum, more sunspots and solar flares occur, increasing the likelihood of solar storms.

    We are now heading towards the peak of Solar Cycle 25, which will be in July 2025. Solar maxima usually last between two and three years.

    Are these storms dangerous? What damage can they cause?

    Geomagnetic storms are not typically harmful to humans directly, but they can pose risks to modern technology and infrastructure. One of the most notable dangers is to power grids. Powerful storms can induce electric currents in power lines, potentially overloading transformers and causing blackouts, as happened in Quebec, Canada, in 1989.

    Read more: Solar storm knocks out farmers’ high-tech tractors – an electrical engineer explains how a larger storm could take down the power grid and the internet

    Satellites in space are also vulnerable. A strong storm can damage electronics onboard, disrupt communication signals, and shorten the lifespan of the satellites themselves.

    In aviation, geomagnetic storms can disrupt radio communication and GPS signals, which are vital for aircraft navigation. This is especially important for flights that pass near the polar regions, where the effects of geomagnetic storms are more pronounced. Astronauts and spacecraft are also at risk – the extra radiation can be dangerous for equipment and human health.

    Are there any upsides to this phenomenon?

    Auroras are a visually stunning aspect of geomagnetic storms. These colourful displays in the night sky occur when charged particles from the Sun get captured in Earth’s magnetic field lines, and funnel down towards the poles. Here they interact with Earth’s atmosphere, releasing energy that produces shimmering lights.

    The northern lights are seen in the sky above Alta, Norway. Romano/NurPhoto via Getty Images

    Auroras can be seen at both the north and south pole, aptly named the northern and southern lights. If storms are big enough, it’s possible to see them in regions much further away from the poles. This happened in South Africa on 11 May 2024.

    Studying geomagnetic storms provides valuable insights into space weather. By understanding how the Sun’s activity affects Earth, scientists can better predict future storms and work to protect the technologies we rely on. The study of geomagnetic storms also contributes to our understanding of the Sun and space in general.

    Can monitoring the storms mitigate the risks?

    Geomagnetic storms are monitored using various instruments on Earth and in space. On Earth, magnetometers measure changes in the magnetic field, allowing scientists to track disturbances as they happen. Sansa operates a dense network of Global Navigation Satellite System receivers in Africa, and magnetometer stations in various parts of southern Africa, for this reason. The agency is currently setting up a magnetometer station in Ethiopia, too. This will improve our ability to monitor geomagnetic storms.

    In space, satellites equipped with sensors monitor the Sun’s activity and detect solar flares or coronal mass ejections before they reach Earth. This data feeds into prediction models used in space weather centres across the globe.

    Once a storm is detected, agencies like Sansa issue alerts and forecasts. These warnings help industries such as power grid operators, satellite companies and aviation authorities to prepare for a storm.

    For example, power companies can temporarily shut down or reconfigure parts of the grid to avoid overloading during a storm. Satellite operators can place their spacecraft into safer operating modes, such as switching off electronic components, and airlines can reroute flights away from high-risk areas.

    Monitoring alone can’t prevent all the damage caused by geomagnetic storms. But it can greatly reduce the risks. Thanks to early warning systems we can protect crucial infrastructure and minimise the effect these storms have on our daily lives.

    – A geomagnetic storm has hit Earth – a space scientist explains what causes them
    – https://theconversation.com/a-geomagnetic-storm-has-hit-earth-a-space-scientist-explains-what-causes-them-240737

    MIL OSI Africa –

    January 23, 2025

  • MIL-OSI Global: A geomagnetic storm has hit Earth – a space scientist explains what causes them

    Source: The Conversation – Africa – By Amoré Elsje Nel, Applied Geomagnetic Researcher, South African National Space Agency

    Geomagnetic storms bring vibrant colours to life in some parts of the world. Christopher Mark Juhn/Anadolu via Getty Images

    A geomagnetic storm lit up the night sky in parts of the US during the first weekend in October. South Africa’s National Space Agency (Sansa) told reporters that the storm had originated from a solar flare “that erupted from sunspot 3842 on October 3”. It said this was the strongest Earth-facing solar flare recorded by Sansa in the past seven years and that the eruption briefly affected high-frequency radio communications, “resulting in a total radio blackout over the African region which lasted for up to 20 minutes”.

    What is a geomagnetic storm? The Conversation Africa asked Sansa’s Amoré Nel, who researches geomagnetics, to explain.

    What is a geomagnetic storm and how common are they?

    A geomagnetic storm is a disturbance in Earth’s magnetic field caused by solar activity. There’s a reaction called nuclear fusion that occurs continuously deep within the Sun’s core. This generates massive amounts of energy. Some of the energy is released as light (sunlight), some as radiation (solar flares), and some as charged particles.

    The Sun also continuously emits a stream of charged particles known as the solar wind. Occasionally, the Sun releases larger bursts of energy, called coronal mass ejections. It sends clouds of these charged particles, or plasma, hurtling through space. I like to explain it to children this way: the Sun sometimes drinks a soda too fast and then burps. This “burp” is the cloud of plasma which then travels through space. These emissions don’t always hit us. But when they do, they collide with Earth’s magnetic field, disrupt it, and lead to a geomagnetic storm.

    Earth’s magnetic field is an invisible force that surrounds our planet, acting like a giant magnet with a north and south pole. It helps protect us from harmful solar radiation by deflecting charged particles from the Sun.

    The solar flare from 3842 emitted both X-flares (radiation) and a coronal mass ejection. X-flares are radiation; they travel at almost the speed of light and reach Earth within minutes. That’s what caused the brief communications disruption Sansa mentioned on 3 October. But the coronal mass ejection takes much longer to reach us. We’d predicted it would do so over the past weekend but in fact it only reached us on the morning of 8 October.

    Geomagnetic storms occur fairly often. Minor ones happen multiple times per year. The severity of a storm depends on how strong the solar event was that caused it. Larger, more intense storms are less common but can happen every few years. Solar events are closely tied to the Sun’s 11-year solar cycle, which has periods of high and low activity. During the peak of the cycle, called solar maximum, more sunspots and solar flares occur, increasing the likelihood of solar storms.

    We are now heading towards the peak of Solar Cycle 25, which will be in July 2025. Solar maxima usually last between two and three years.

    Are these storms dangerous? What damage can they cause?

    Geomagnetic storms are not typically harmful to humans directly, but they can pose risks to modern technology and infrastructure. One of the most notable dangers is to power grids. Powerful storms can induce electric currents in power lines, potentially overloading transformers and causing blackouts, as happened in Quebec, Canada, in 1989.



    Read more:
    Solar storm knocks out farmers’ high-tech tractors – an electrical engineer explains how a larger storm could take down the power grid and the internet

    Satellites in space are also vulnerable. A strong storm can damage electronics onboard, disrupt communication signals, and shorten the lifespan of the satellites themselves.

    In aviation, geomagnetic storms can disrupt radio communication and GPS signals, which are vital for aircraft navigation. This is especially important for flights that pass near the polar regions, where the effects of geomagnetic storms are more pronounced. Astronauts and spacecraft are also at risk – the extra radiation can be dangerous for equipment and human health.

    Are there any upsides to this phenomenon?

    Auroras are a visually stunning aspect of geomagnetic storms. These colourful displays in the night sky occur when charged particles from the Sun get captured in Earth’s magnetic field lines, and funnel down towards the poles. Here they interact with Earth’s atmosphere, releasing energy that produces shimmering lights.

    The northern lights are seen in the sky above Alta, Norway.
    Romano/NurPhoto via Getty Images

    Auroras can be seen at both the north and south pole, aptly named the northern and southern lights. If storms are big enough, it’s possible to see them in regions much further away from the poles. This happened in South Africa on 11 May 2024.

    Studying geomagnetic storms provides valuable insights into space weather. By understanding how the Sun’s activity affects Earth, scientists can better predict future storms and work to protect the technologies we rely on. The study of geomagnetic storms also contributes to our understanding of the Sun and space in general.

    Can monitoring the storms mitigate the risks?

    Geomagnetic storms are monitored using various instruments on Earth and in space. On Earth, magnetometers measure changes in the magnetic field, allowing scientists to track disturbances as they happen. Sansa operates a dense network of Global Navigation Satellite System receivers in Africa, and magnetometer stations in various parts of southern Africa, for this reason. The agency is currently setting up a magnetometer station in Ethiopia, too. This will improve our ability to monitor geomagnetic storms.

    In space, satellites equipped with sensors monitor the Sun’s activity and detect solar flares or coronal mass ejections before they reach Earth. This data feeds into prediction models used in space weather centres across the globe.

    Once a storm is detected, agencies like Sansa issue alerts and forecasts. These warnings help industries such as power grid operators, satellite companies and aviation authorities to prepare for a storm.

    For example, power companies can temporarily shut down or reconfigure parts of the grid to avoid overloading during a storm. Satellite operators can place their spacecraft into safer operating modes, such as switching off electronic components, and airlines can reroute flights away from high-risk areas.

    Monitoring alone can’t prevent all the damage caused by geomagnetic storms. But it can greatly reduce the risks. Thanks to early warning systems we can protect crucial infrastructure and minimise the effect these storms have on our daily lives.

    Amoré Elsje Nel works for the South African National Space Agency. She receives a Thuthuka Grant (TTK210406592410) from the National Research Foundation.

    – ref. A geomagnetic storm has hit Earth – a space scientist explains what causes them – https://theconversation.com/a-geomagnetic-storm-has-hit-earth-a-space-scientist-explains-what-causes-them-240737

    MIL OSI – Global Reports –

    January 23, 2025

  • MIL-OSI Europe: AMERICA/UNITED STATES – Saint Therese of the Child Jesus at the center of a novena for World Mission Sunday

    Source: Agenzia Fides – MIL OSI

    New York (Agenzia Fides) – “I do not want to be a missionary for just a few years, but I would like to have been one since the creation of the world and to be one until the end of time”, said Saint Therese of the Child Jesus, Patron saint of Missions (cf. Story of a Soul, Manuscript B, f. 3r). In view of World Mission Sunday on October 20, the Pontifical Mission Societies in the United States, in collaboration with the Catholic prayer app “Hallow”, offer the opportunity to participate worldwide from October 11 in a novena in honor of Saint Therese of the Child Jesus, Patron saint of Missions who never set foot in a mission country but whose life was entirely dedicated to the “loving and making Jesus loved”.Cardinal Luis Antonio Tagle, Pro-Prefect of the Dicastery for Evangelization (Section for First Evangelization and New Particular Churches), will lead the novena in English and accompany the prayer with daily reflections. Members of the international network of the Pontifical Mission Societies participating in the novena also include Sister Regina da Costa Pedro, National Director of the Pontifical Mission Societies in Brazil, who will lead the novena in Portuguese, and Father José María Calderón, National Director of the Pontifical Mission Societies in Spain, who will lead the novena in Spanish.The novena focuses on the life of St. Therese and her deep devotion to spreading the Gospel through small acts of charity. Known for her “little way,” St. Therese is one of the most venerated saints by Catholics around the world.Participants can join the novena using the Catholic meditation and prayer app “Hallow”, which, thanks to the collaboration with the international network of the Pontifical Mission Societies, allows participants from all over the world to pray together in their mother tongue. By downloading the app, users have access to guided prayers, daily reflections and special features for a spiritual journey with the patron saint of missions. Participants can also follow the novena through the social channels of the Pontifical Mission Societies in the United States (Instagram, Facebook, X and LinkedIn). (EG) (Agenzia Fides, 8/10/2024)
    Share:

    MIL OSI Europe News –

    January 23, 2025

  • MIL-OSI United Kingdom: DTEP Funding Announced for Three More UK SMEs

    Source: United Kingdom – Executive Government & Departments

    The Defence Technology Exploitation Programme (DTEP) boosts defence innovation while supporting the technology supply chain

    • Congratulations to High Temperature Material Systems Ltd.; OpenWorks Engineering and Mind Foundry Ltd.
    • The Small and Medium-sized Enterprises (SMEs) will collaborate with an experienced higher-tier partner in the defence sector
    • The Defence Technology Exploitation Programme (DTEP) boosts defence innovation while supporting the technology supply chain

    Three UK based SMEs have been awarded funding through the latest rounds of the Defence Technology Exploitation Programme (DTEP). High Temperature Material Systems Ltd.; OpenWorks Engineering and Mind Foundry Ltd. will collaborate with a higher-tier supplier who will engage with the SME and mentor them over the duration of a forthcoming defence project. They will receive a government grant worth 50 percent of the project value with the aim of developing innovative new solutions that meet UK defence challenges and increase capability in the UK defence supply chain.

    DTEP, which seeks to improve the competitiveness of the UK Defence supply chain, is sponsored by the MOD’s Directorate of Industrial Strategy and Exports (DISE) and delivered through the Defence and Security Accelerator (DASA), Innovate UK, and ADS.

    Anita Friend, Head of DASA, said:

    “We are delighted to announce the distribution of further DTEP funding to three more SMEs. These innovative companies, in partnership with their higher-tier DTEP collaborators, are set to play a crucial role in enhancing the UK’s defence supply chain and supporting the ongoing success of future defence and security initiatives.”

    Congratulations to the latest DTEP winners

    Mind Foundry Ltd.

    Mind Foundry builds AI for high-stakes applications. In defence, their work is designed for deployment, combining cutting-edge AI signal processing techniques to process, analyse and enrich feeds from sensors. Together with their higher-tier partner BAE Systems, they will collaborate to develop the capability for taking multiple data inputs from multiple sensor types, and utilise their inferences to demonstrate the potential for a single system to provide a unified operating picture.”

    Brian Mullins, Mind Foundry CEO said:

    “In multi-domain operations, operators often have to analyse information across different sensor feeds manually. This is a risk, increasing the opportunity for error and the potential to miss vital contact information. Being awarded this DTEP funding, we aim to build capabilities to solve this problem and provide operators with a fuller, more robust tactical picture compilation. We are proud to be able to deepen our partnership with BAE Systems, whose experience in deploying sensor systems in complex, operational scenarios will prove vital in guiding not only the scientific art of the possible but in the operator’s need for a solution in practice.”

    High Temperature Material Systems (HTMS):

    HTMS produce a high temperature, lightweight and low cost material called Ceramic Matrix Composite (CMC). This type of material has multiple uses across the defence and security supply chain and has the ability to withstand temperatures of up to 1000 degrees centigrade. Together with their higher tier partner MBDA, HTMS will be scaling up the manufacturing of an innovative lower cost form of CMC which will fill a current gap in the UKs defence materials supply chain.

    Dr. Richard Grainger, CTO and Co-Founder of HTMS said: 

    “Being chosen for a DASA DTEP project is an important moment for High Temperature Material Systems (HTMS). This marks a significant milestone in our mission to revolutionise the high temperature composites market for Defence, Aerospace, Clean Transport, and other high performance industries.

    This collaboration accelerates the development of our cutting edge materials, opening doors for increased funding, strategic partnerships, and deeper integration into supply chains. We’re forging a powerful alliance with one of the world’s leading defence entities, which not only strengthens our capabilities but sets a strong course for the future of high temperature composite materials.”

    Dr. Danilo Di Salvo, CEO and Co-Founder of HTMS added:

    “DTEP paves the way for an enhanced market integration whilst empowering us to expand our expert team, bringing onboard more world class engineers and innovators. Working closely with DASA fuels our drive to deliver highly scalable, sustainable, and transformative composite materials. This is only the beginning. Our ambition is to push boundaries and create lasting impact — not just in the UK, but on a global scale. The future is here, and we’re leading the way.”

    OpenWorks Engineering

    OpenWorks Engineering will be working with higher tier supplier MBDA to provide an integrated counter-UAS (Unmanned Aerial System) system for the British Army to meet the current threat from drones. The project will deliver a state-of-the-art AI Optical Detection, Tracking and Targeting system which can be used against agile targets while driving at convoy speeds on unimproved roads. It will also deliver an upgraded production facility capable of manufacturing systems at 12 times the current rate with a higher level of quality and assurance.

    Chris Down, Managing Director of OpenWorks Engineering said:

    “We are proud to be working with DASA to develop the next generation in electro-optic tracking systems and build a fully digital manufacturing facility in the North-East.  This DTEP grant will bring new technology to the defence and security forces of the UK and our allies as well as strengthening the UK’s defence supply chain and industrial base.

    The grant will accelerate the fielding of new counter drone and GBAD systems.  This will have an immediate impact in places like Ukraine as well as having the long-term effect of boosting the UK’s defence industry by increasing capacity in the supply chain for the high-tech equipment needed for the battlefield of the future.”

    DTEP’s funding for OpenWorks Engineering, High Temperature Material Systems and Mind Foundry highlights the MOD’s commitment to fostering innovation and strengthening the UK defence supply chain through strategic SME partnerships.

    Learn more about DASA’s funding opportunities here.

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    Updates to this page

    Published 8 October 2024

    MIL OSI United Kingdom –

    January 23, 2025

  • MIL-OSI USA: Camaraderie, Enthusiasm Punctuate Wolff New Venture Competition

    Source: US State of Connecticut

    A novel treatment for long-term pain management that could revolutionize post-operative care and eliminate the need for opioids for many, won the first-place, $30,000 grand prize at the Wolff New Venture Competition last week.

    Professors and esteemed UConn Health researchers Lakshmi Nair, Ph.D. and Yusuf Khan, Ph.D. say they were both surprised and thrilled that their startup, Soleia Biosciences, received the award. With the financial and business support they’ve received, they hope to advance the treatment that has been in development for 10 years.

    “This prize will really set the stage for everything else we need to do; without it we would have been stuck,’’ Khan says. “Now we can move forward with determining exactly what we need to do to show our product is both safe and effective, and get it into the hands of doctors so they can start treating patients as soon as possible.’’

    “Our job has always been to figure out how to solve medical problems that don’t have a good solution,’’ Khan says. “With the Wolff Prize, we are even closer to that reality.’’

    Competition Awarded $115,000 in Cash and Prizes

    The Wolff New Venture Competition is the School of Business’ pinnacle entrepreneurship challenge. The event on Tuesday night drew dozens of UConn entrepreneurs and their supporters to the Dunkin Park YG Club for a night of competition, camaraderie, networking, and socializing.

    This year marks the ninth anniversary of the Wolff event, which invites five outstanding UConn-affiliated startups to compete annually. Since its inception, the amount of the awards has risen from $15,000 to more than $$115,000 in cash and in-kind services.

    The five 2024 Wolff finalists have developed a diverse set of companies, from toys to e-commerce to a business-travel planning app. Preparation for the event begins in March when 10 startups are selected to participate in the Connecticut Center for Entrepreneurship & Innovation’s (CCEI) Summer Fellowship Accelerator, where they develop their businesses to become market ready.

    “This was by far the best Wolff New Venture Competition to date,’’ says Jennifer Mathieu, executive director of CCEI. “The room was packed with members of our entrepreneurial ecosystem including investors, community partners, dozens of CCEI’s entrepreneurs showcasing their startups, and many of our alumni just there to support.

    “There was an energy in the space; it was one of collaboration, community, and this level of overall excitement that everyone seemed to have about being there. I feel proud of what my team has accomplished in their support of the hundreds of startups that have participated in CCEI programs,’’ she says. “The five teams that pitched have made tremendous progress since working with CCEI. I can’t wait to see what impact they are going to have on the world.’’

    Medical Company Wins Grand Prize

    In addition to the grand prize, Soleia Biosciences also received the Legal Services Award valued at $10,000 and presented by Wiggin and Dana’s emerging companies division.

    The startup is on the cusp of a breakthrough pain-reduction treatment that can extend the duration of local anesthetics, enabling patients to be nearly pain-free and mobile. Nair says the $15 billion post-surgical pain management industry is ready for change.

    “Since opioid use can have such a negative impact on a person, it’s really critical to find non-addictive solutions for both short- and long-term pain,’’ Nair says. “This applies to everyone, young and old; nobody is exempt from these needs.  In younger people it may be part of recovering from a painful sports injury, and in older people more about managing something like osteoarthritis. Regardless of the age or disease, there is a critical need for opioid alternatives.’’

    The company already has patents and compelling pre-clinical data. The founders are looking to hire a consultant to help them begin the FDA approval process.

    Started by Two Car Enthusiasts, WheelPrice Earned Three Honors

    The $10,000 Second-Place Prize, sponsored by Santander Bank, went to WheelPrice, an online marketplace that facilitates the sales of new, used and vintage wheels. The company also won a ​$5,000 Audience Choice Award.
    sponsored by Fiondella Milone & Lasaracina (FML) and a $35,000 pro bono Digital Product Development Award from Revyrie.

    Co-founder Kyle Mayers ’13 (BUS) says the company has something for everyone. “We have wheels for every car from a Honda Civic to a Ferrari,” he says.

    Mayers and co-founder Wally Namane ’13 (BUS), ’18 MBA, both car enthusiasts, met as students through mutual friends at UConn. “We’ve had a life-long obsession with cars,’’ Mayers says.

    Today they hope to become the number one marketplace for the 67 million car enthusiasts in the U.S. Globally, consumers spend $5 billion on wheels annually. They believe their easy-to-use platform and some high-tech features, now in development, will put them in the industry’s drivers’ seat.

    Business-Travel App Took Third Place

    Since the onset of the pandemic, the number of fully remote companies has grown 400%. And although their employees may be on different coasts, Vamos founder Niko Zurita ’10 (BUS) believes every growing business requires face-to-face meetings between colleagues. He is developing an app to tailor meetings and locations to company needs, while also saving them money.

    Vamos received the $7,500 Third Place Prize sponsored by Prime Materials Recovery Inc., and a Digital Surgeons brand consulting award, valued at $10,000.

    Toy Dinosaurs, Natural Food Preservative Captivated Audience

    Lyla Andrick ’24 (CAHNR), created Happy Dinosaur, a company that sells brightly colored dinosaur stuffed animals, from her dorm room at UConn. The plush animals have become so popular that the New England boutiques that stock them can’t keep them on the shelves. As part of her presentation, she passed around a half-dozen dinosaurs, and members of the audience were delighted.

    Happy Dinosaur won a ​$5,000 Community Impact Award, sponsored by Baystate Financial, that will help Andrick create books about the main characters and create a format for children to share imaginative stories about them.

    Meanwhile Atlas, formerly Atlantic Sea Solutions, a company using seaweed extracts as a tasteless, texture-less coating to preserve the shelf-life of peaches, berries and other produce, won a $5,000 Innovation Award, sponsored by Mark and Jamie Summers. The company plans to use the winning to purchase more equipment.

    “What I love about my work and what motivates me is using science and technology to do cool things with food,’’ says co-founder Anuj Purohit, a research associate in the Department of Nutritional Sciences in the College of Agriculture, Health and Natural Resources. “The world population is growing, and we all need good, nutritious food. That’s what drew me to agriculture and what keeps me going.’’

    Experienced Entrepreneurs Say Their Companies are Thriving

    The event also welcomed more than 25 previous Wolff participants who have made great strides with their startups. They were eager to cheer on the next wave of entrepreneurs.

    Jake Winter ’22 (ENG), co-founder and CTO of PatentPlusAI, a company using AI to generate comprehensive patent search reports in less than 24 hours, says the startup has grown exponentially in four years.

    “We’re hustling,’’ says Winter, noting that their client base includes corporate giant IBM. If he could offer advice to the newer entrepreneurs, it would be to “get ridiculously familiar with your market, and once you understand your customer, test as soon as you can,’’ he says.

    For graduate student Amelia Martin, the year since her participation in the Wolff competition has been one of extraordinary growth.

    “A year ago, I didn’t know what to expect. I had the mindset of a student,’’ she says. “Now I think like a CEO.’’

    Her company, Mud Rat, an eco-friendly alternative to the standard Styrofoam surfboard core, has participated in two business accelerators, won a small grant, and is completing its first protype this month. She’s also added to her team. Martin advises those who follow in her footsteps to just keep going when the going is tough. “If you stick with it, you’ll hit all your goals eventually,’’ she says.

    In the last year, alumna Hayley Segar, founder of onewith, a direct-to-consumer swimwear and accessory company, has been featured in People and InStyle magazines. She now employs four manufacturers to make her swimwear and this year sold 50,000 units. She hasn’t lost touch with her roots; her mom still packs her orders.

    She tells the new entrepreneurs to avoid distraction. “They need to be focused and heads-down in the early stages of their company,’’ she says. “It’s exciting, there is a lot of sacrifice, but in the end, owning your own business is extremely satisfying.’’

    She credits UConn for setting her up for success. As she speaks with entrepreneurs who attended other colleges, none of them had the expert entrepreneurial support that UConn offered, Segar says.

    Judges Were Impressed by What They Heard

    Competition judge Luke Steinberger, COO at Revyrie, a company that helps build and scale companies and a sponsor of the event, says he was very impressed with all the presentations.

    “They were well prepared, and I loved the diversity of ideas,’’ he says. “The program exceeded my expectations. I’m very happy to be involved and will be back next year.’’

    Judge Adam Silverman, partner at law firm Wiggin and Dana, says he didn’t know exactly what to expect before the competition. “It was great to be a part of the competition. I was impressed by the quality of the companies, the focus of the founders, and the exciting use of technology,’’ he says.

    School of Business Dean John A. Elliott spoke about how entrepreneurship has grown in the 13 years he has been here.

    “We used to think entrepreneurship was something for juniors and seniors to explore but now we welcome many students who begin their companies as freshmen,’’ he says. “The excitement around entrepreneurship has grown rapidly.’’

    Elliott also thanked the Wolff family, including Greg Wolff who was in attendance, for starting the competition and advocating for entrepreneurship at UConn. Elliott says their influence helped create additional competitions and great support for startups at UConn.

    Alycia Chrosniak, Assistant Director of Brand & Venture Development at CCEI, says working with the startups and watching them grow has been rewarding.

    “But my favorite part will be three months from now when I get the emails about what these new companies and their founders have accomplished,’’ she says. “What we do here is life changing.’’

    MIL OSI USA News –

    January 23, 2025

  • MIL-OSI USA: Month of Discovery: Sophia Hatzis ’27, a Researcher and Mentor

    Source: US State of Connecticut

    Sophia Hatzis ’27 was a newly arrived first-year student when she learned about Innovate Labs at separate campus-wide kick-off events. What she heard intrigued her, so she decided to check it out.

    “I thought it was so cool how Innovate tries to get students to explore things outside of class,” she says. “I thought I could do some cool projects within the lab.”

    A year later, Hatzis has more than met that goal and is now part of the Innovate Labs team, showing a new wave of incoming students around. As a lab research specialist, she helps students discover the possibilities available through Innovate, an educational research lab within the UConn School of Business. The lab provides students of all disciplines with opportunities and resources to learn, explore, and develop industry-valued skills in emerging technology and analytics.

    A Trumbull resident majoring in Mechanical Engineering and Sociology, Hatzis says she is especially excited to be participating in Month of Discovery (MoD) activities this year, something she missed last year because she had yet to be hired.

    “Now, I’ll get to see the other side of things,” she says. “MoD is the whole month of October, and it’s filled with innovation events. Last year, I checked out all the different makerspaces and it inspired me to start working on some of my own projects. This year, Innovate will be running Makerspace Bounce on October 3. I’m looking forward to helping out with that.”

    Outside the lab, Hatzis is an avid hiker. (Courtesy of the Office of Undergraduate Research)

    After graduating, Hatzis plans to pursue human factors engineering, which considers both the user side and consumer side of emerging technology.

    “I like the idea that I can do work that considers the social side and impact of the new things we innovate,” she says. “For example making sure an AI program that does redistricting doesn’t perpetuate gerrymandering, or if you design a traffic control system, the town has the resources to feasibly power it.”

    Hatzis’ work with AI has not gone unnoticed. In April, she was one of handful of tech-savvy students tapped to make presentations at Hartford’s AI Day, an event showcasing sophisticated local AI-based companies and providing networking opportunities for those companies and promising students.

    Hatzis and her partner taught attending business professionals how to use machine learning to create a chatbot. Together, they showed participants how to capture images of themselves smiling, frowning and wearing a shocked expression, then taught them how to train the computer model to recognize facial expressions.

    “These students are so knowledgeable, bright, thoughtful and inquisitive,” Jonathan Moore, executive director of the CT Information Technology Institute and leader of the Innovate Labs initiative, said at the time. “They really are going to shape the future of technology and business.”

    Keeping up with the pace of worldwide innovation is one of her favorite parts of working at Innovate Lab, Hatzis says. “We are constantly adapting to the needs of the campus and the new technologies that come out.”

    Over the summer, Hatzis helped with the Young Scholars Senior Summit program at which students, through the Jack Kent Cooke Scholarship Program, were introduced to the different kinds of technology in the lab and then directed to use it for a project with real world impact.

    “I enjoyed discussing the feasibility of their technology and how they could incorporate it into their ideas,” she says of the experience. “We honestly have something for everyone no matter what they are interested in. Once you get a student started with one thing, I like seeing them get comfortable with the technologies and branching out to try new things outside their comfort zone.”

    Outside the lab, Hatzis is serving as treasurer this fall of a gender-inclusive service fraternity (APO) and dances with the university ballet company. She is also a morale captain for UConn’s HuskyTHON, an annual dance marathon and fundraiser for Connecticut Children’s Medical Center, and enjoys hiking and exploring. At UConn, she loves to watch sunsets from Horsebarn Hill.

    Month of Discovery

    October is the Month of Discovery, when undergraduates are introduced to the wealth of research and innovation opportunities at UConn. This month, enjoy profiles of outstanding undergraduate innovators on UConn Today, attend a full slate of programming on campus and online, and register for Discovery
    Quest to launch your undergraduate experience to new heights.

    Students interested in learning more about research and innovation opportunities at UConn can check out the series of events offered as part of the Month of Discovery. Come to Research Connections on Thursday, Oct. 10, to learn how to get involved in UConn research. The Experience Innovation Expo at the Werth Institute is a great opportunity to get inspired and discover the wide range of programs for entrepreneurship, innovation, and creativity at UConn.

    MIL OSI USA News –

    January 23, 2025

  • MIL-OSI United Kingdom: Young people to be given a helping hand on the creative industries ladder

    Source: City of Liverpool

    Budding young actors, musicians, photographers, fashion designers and film directors from across Liverpool are being invited to sign up to a creative programme that could give them a head-start in their chosen career.

    Commissioned by Liverpool City Council’s Culture Liverpool team as part of its Creative Neighbourhoods programme and funded through the UK Shared Prosperity Fund, Future Movement is delivered by leading British dance company Rambert.

    The free creative youth programme, aimed at those aged 16-25, is unique because it is co-created with the young people, designed around their career ambitions.

    Throughout the 12-week programme, Rambert invites guest artists from a wide range of creative industries to share their skills, experience and career paths with the participants, who will benefit from dedicated sessions focusing on different areas of work such as producing and marketing.

    The initiative was piloted in Liverpool last year following its success in London, Rochdale and Mansfield and it gave young people the chance to collaborate with like-minded creatives across the country.

    During the programme, the students had the opportunity to work with and be mentored by industry experts including Merseyside born designer Patrick McDowell and film director Dan Löwenstein of House of Create.

    The students also collaborated with set and costume designer Olivia Du Monceau to design and make a protest banner. Researching art and activism, the group used different mediums of creativity, such as sewing and drawing to create a joyful banner of self-expression.

    The programme culminated in an exhibition of the students’ work at the press night of Peaky Blinders: The Redemption of Thomas Shelby at the Liverpool Empire earlier this month. Here, they not only had the opportunity to showcase their work but also to network with industry insiders including the producers of Peaky Blinders, which was filmed in Liverpool, and the Chief Executive of Arts Council England.

    The new term starts on October 8 and the group meet every Tuesday from 6.30pm-8.30pm at Toxteth Library, Windsor St, Liverpool, L8 1XF. Sign-up here.

    Liverpool City Council’s Cabinet Member for Health, Wellbeing and Culture, Councillor Harry Doyle said: “Full of BAFTA-winning productions and Oscar-winning talent, Liverpool has a vibrant, fast-growing creative sector, which plays a significant role in contributing to the local economy. So it’s only right that we invest in the next generation of creatives.

    “We’ve never been short of pioneers in Liverpool and while the city attracts world-class talent, it’s vital that we invest in home-grown talent and help our young people achieve their potential. Seeing the work that the young people have produced has blown me away – truly inspiring.”

    Daniel Fulvio, Deputy Director of Audiences and Rambert’s lead on Future Movement says: “Future Movement is designed to inspire and support anyone who is interested in starting a career in the creative industries. It aims to fuel young minds whilst giving them opportunities to try things out in an environment where they are supported to push themselves to build new skills and explore a range of creative jobs.

    “Liverpool is a beacon of creativity in the UK. Not only is it the birthplace of Hollywood stars and award-winning directors and producers but it is the second most filmed UK city outside of London and a UNESCO City of Music. Future Movement is a youth programme that takes young people seriously as the next generation of creatives and where better to nurture talent than here.”

    Patrick McDowell, Fashion Designer collaborating with Rambert on Future Movement says: “Working with Future Movement has been enriching and fulfilling on both a creative and a personal level. It has been a joy to have had this opportunity to return to my hometown to work with young people from the area, who have opened my eyes to different ideas.

    “Growing up, I was inspired by Liverpool’s style and how powerful and strong clothing seemed to make people feel. My working-class background and queer identity allowed me to see things through a certain lens, working with what I had to create something special. That ethos has remained with me to this day and it has been such a joy to mentor this pioneering project to inspire the next generation of creatives.”

    Kieran Gregory, a 19-year-old actor who took part in the pilot said: “Future Movement is boss. I’m an actor but as part of the programme, we designed a costume for one of the Rambert dancers. I’ve had no previous experience of contemporary dance before so it’s great to have new skills to put on my CV. We’re exposed to so many different people, learning about their journeys into the world of creative arts.

    “Rambert have been so good at letting us use our brains. We’ve gone to them and said ‘we’ve got this idea, can you make it happen?’ And they’ve said ‘yes, we’ll back you to the hilt.’ Whatever stimulus they give us, we’ll put our Scouse twist on it. I love representing Liverpool because people outside the city don’t properly understand. Over the last couple of years, things like Eurovision have been fantastic for the community so why not showcase it? Rambert and Culture Liverpool have put their faith in us and given us that opportunity and confidence.”

    MIL OSI United Kingdom –

    January 23, 2025

  • MIL-OSI Russia: Dmitry Patrushev: The state of the waste management sphere is an indicator of careful attention to the environment and a significant component of the comfort of life of citizens

    MILES AXLE Translation. Region: Russian Federation –

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

    Dmitry Patrushev at the fourth Russian Ecological Forum. With the CEO of the Russian Ecological Operator company Denis Butsaev

    October 8, 2024

    Dmitry Patrushev at the fourth Russian Ecological Forum. With the CEO of the Russian Ecological Operator company Denis Butsaev

    October 8, 2024

    Garbage truck “MAZ” with a crane-manipulator for loading underground containers, bells

    October 8, 2024

    Dmitry Patrushev at the fourth Russian Ecological Forum

    October 8, 2024

    Dmitry Patrushev at the fourth Russian Ecological Forum

    October 8, 2024

    Dmitry Patrushev at the fourth Russian Ecological Forum

    October 8, 2024

    Dmitry Patrushev at the fourth Russian Ecological Forum

    October 8, 2024

    Previous news Next news

    Dmitry Patrushev at the fourth Russian Ecological Forum. With the CEO of the Russian Ecological Operator company Denis Butsaev

    Deputy Prime Minister Dmitry Patrushev announced this at the fourth Russian Environmental Forum. The event was attended by representatives of federal authorities and regulatory agencies, industry and public organizations, and the business community.

    As noted, a corresponding reform has been implemented in Russia since 2019 to create rational approaches to waste management. With its start, the Russian Environmental Operator (REO) was created for the comprehensive coordination of processes. Over the past five years, it has become the main tool for the development of the industry. Today, the entire waste management cycle is the responsibility of 184 regional operators. About 50 million tons of MSW pass through them annually.

    “Over the past period, more than 250 facilities for waste processing, recycling and storage have been built. A significant step was ensuring waste sorting. Since 2019, its volumes have increased almost fivefold. A lot of work was simultaneously carried out in the field of regulatory control. Thus, the concepts of secondary resources and recyclable materials were legislatively established, and requirements for their handling appeared. A new procedure for determining the standards for the accumulation of solid municipal waste was also approved, on which the creation of infrastructure and the calculation of tariffs depend,” the Deputy Prime Minister said.

    As noted, since January of this year, changes to the extended producer responsibility mechanism have come into force, which provide for the obligation of packaging manufacturers to dispose of it in full. Also in 2024, a law was adopted to solve the problem of medical waste. The least hazardous categories will be sent for processing and disposal along with other types of MSW, which will reduce the volume of landfill disposal.

    At the same time, the Deputy Prime Minister also drew attention to the difficulties that still need to be addressed. “There are still questions about the quality of regional operators’ work. There are problems with financial stability, payment collection, and a shortage of equipment and containers. All of this ultimately leads to the fact that people can still see uncollected garbage in their yards. And no reporting indicators can cover this. There are regions where the reform is clearly stalling. In order to solve this problem, in a command mode at the level of the entire country, we are working together to sort out the situation in the regions,” said Dmitry Patrushev.

    The Deputy Prime Minister also recalled that the tasks for further development of the waste management sphere are outlined in the Presidential Decree on National Development Goals. By 2030, it is necessary to ensure complete sorting of MSW, reduce its landfill disposal by half, and involve at least a quarter of the volume in secondary circulation. Taking into account the existing capacities, in order to achieve the designated targets, it is necessary to double waste processing and reduce its disposal to landfills by 30% in six years.

    According to the Deputy Prime Minister, the creation of the relevant infrastructure will continue within the framework of the new national project “Environmental Well-Being”. “The events, as you know, are included in the federal project “Closed Cycle Economy”. And I want to emphasize that the initiative should come first and foremost from the regions and businesses. The government, for its part, will help in the implementation of the projects,” said Dmitry Patrushev.

    Speaking about government support measures in this area, the Deputy Prime Minister reported that over three years, 15 projects worth almost 40 billion rubles have been financed through the REO alone. In addition, the entities have concluded 65 concession agreements to create solid municipal waste management facilities with an investment volume of over 170 billion rubles.

    According to Dmitry Patrushev, the implementation of these support mechanisms will continue. At the same time, it is important that entities, especially those with insufficient reform implementation rates, actively engage in the work and find reliable investors.

    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/52935/

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

    MIL OSI Russia News –

    January 23, 2025

  • MIL-OSI Europe: Written question – Mass redundancies at PKP CARGO S.A. as part of a restructuring plan – P-001954/2024

    Source: European Parliament

    Priority question for written answer  P-001954/2024
    to the Commission
    Rule 144
    Marlena Maląg (ECR), Kosma Złotowski (ECR)

    Although Poland’s rail market is the second biggest rail market in Europe in terms of size and value, PKP CARGO S.A. has embarked on a drastic restructuring. We have received alarming reports from the national section of the Solidarity Independent Trade Union of mass redundancies (over 3 700 planned lay-offs), serious breaches of the principles of social dialogue, and the dismissal of vulnerable groups despite their special status (pregnant women, employees who are in the protected pre-retirement period, trade union members). This situation has led to numerous protests in Poland.

    We would like to know:

    • 1.Is the Commission aware of the issue of mass redundancies at PKP CARGO S.A. as part of the company’s restructuring and of how the process is being carried out, and if so, what steps will it take to help employees, especially those belonging to vulnerable groups?
    • 2.Do the PKP CARGO S.A. employees laid off as part of the restructuring process qualify for EGF support?

    Submitted: 4.10.2024

    Last updated: 8 October 2024

    MIL OSI Europe News –

    January 23, 2025

  • MIL-OSI Europe: Energy rescue plan approved to finance EU-backed emergency heating and power projects for Ukraine ahead of winter season

    Source: European Investment Bank

    • EIB President Nadia Calviño presented the Ukraine Energy Rescue Plan to EU finance ministers at their meeting in Luxembourg today.
    • The plan foresees up to €600 million in EU-backed financing for critical energy projects in the public and private sectors to meet urgent heating and power needs of wartime Ukraine.
    • The rescue plan will also support new green energy initiatives, including for energy efficiency and renewable energy, to help rebuild Ukraine’s energy infrastructure and bring the country closer to the European Union.

    Today, European Investment Bank President Nadia Calviño announced the Ukraine Energy Rescue Plan, an initiative to extend EU support for Ukraine’s heavily damaged energy infrastructure due to Russia’s ongoing war, ahead of the winter season, aimed at supporting the resilience of the country and its people. 

    Briefing EU finance ministers in Luxembourg today, President Calviño outlined that as part of the plan, the EIB expects to invest up to €600 million in financing for emergency energy projects across the public and private sectors. This funding will be guaranteed under the European Union’s Ukraine Facility and in part supported by the EIB’s EU for Ukraine Fund and Advisory Programme. It will help restore and strengthen Ukraine’s energy infrastructure while also aligning it with EU standards, further advancing the country’s integration into the European Union.

    Initially the emphasis will be on making finance available for projects that generate electricity and heat using equipment which can be quickly set up to meet the urgent needs of households and businesses. The plan focuses also on projects to protect key electricity substations with shelters. It aims to urgently restore electricity and heating to prevent disruptions to critical services such as hospitals, schools and water supplies, ensuring uninterrupted operations for households, businesses and public services.

    Furthermore, part of the plan also refers to more medium-term measures aimed at making the Ukraine energy sector more sustainable and resilient. It aims to improve energy efficiency in both the industrial and residential sectors, reducing energy consumption and promoting long-term resilience.

    The plan will also extend the EIB’s ongoing recovery and municipal framework programmes, to include energy-related initiatives. It is closely aligned with the priorities of the Ukrainian government and follows discussions with Ukraine’s Ministry of Finance.

    EIB Group President Nadia Calviño said: “The Ukraine Energy Rescue Plan is a crucial measure to ensure that millions of Ukrainian citizens and businesses have the electricity and heat they urgently need to face the coming winter. We aim to invest up to €600 million, leveraging the European Union’s Ukraine Facility and the contributions of our shareholders, the EU member states. The EIB is also strengthening Ukraine’s energy infrastructure for the future. Together with our EU partners, our support is unwavering, working hand-in-hand with Ukraine in this critical phase and for the better times ahead.”

    “While addressing Ukraine’s immediate energy needs, the plan also invests in the country’s green transition through energy efficiency and renewable projects. This will not only help Ukraine recover but also accelerate its path to a sustainable energy future and deeper integration with the European Union, aligning the country with EU standards for a stronger, shared future,” added EIB Vice-President Teresa Czerwińska, who is in charge of the Bank’s operations in Ukraine and will present the rescue plan to the Steering Committee of the Ukraine Donor Platform this week in Rome.

    Ukraine’s Minister of Finance Sergii Marchenko said: “I am grateful to the EIB for recognising Ukraine’s urgent energy needs and for the swift decision that has been taken. Russia’s relentless attacks on our energy infrastructure place immense pressure on our country. The EIB’s plan to support Ukraine’s energy sector is yet another crucial form of assistance for us in restoring power and heating to essential services like hospitals and schools. This will ensure that our people have access to the energy they need to withstand the potential challenges ahead.”

    European Commission Executive Vice-President for an Economy that Works for People Valdis Dombrovskis said: “This financing from the EIB, also backed by the EU budget, comes at just the right moment to allow Ukraine’s authorities to restore power and heating for basic services like hospitals and schools, while guarding against further supply disruptions given Russia’s brutal attacks on its energy infrastructure. It will help Ukraine to prepare for the winter season, make its energy network more reliable and resilient, and improve its sustainable energy efficiency as the country aligns with EU standards on its way to eventual accession. The European Union remains committed to supporting Ukraine and its people.”

    Background information

    The Ukraine Facility is the European Union’s financial assistance programme for Ukraine. During the 2024-2027 period, €50 billion will be allocated by the European Union to finance the state budget, stimulate investment and provide technical support in the implementation of the programme.

    The EU for Ukraine Fund (EU4U) was established in 2023 as part of a larger EU for Ukraine initiative. The fund aims to accelerate EIB Global’s support for Ukraine’s most urgent infrastructure needs and to help sustain the country’s economy. It supports critical recovery and reconstruction projects involving both the public and the private sector and improves access to finance for entrepreneurs in Ukraine. To date, the fund has secured over €420 million in pledges from the Member States.

    MIL OSI Europe News –

    January 23, 2025

  • MIL-OSI Europe: Intercontinental knowledge transfer: South Africa improves e-waste management with support from Empa

    Source: Switzerland – Department of Foreign Affairs in English

    Federal Laboratory for Materials Testing and Research

    Dübendorf, St. Gallen und Thun, 08.10.2024 – In summer 2024, the South African government published a strategy paper on the management of e-waste, which was developed in collaboration with Empa. This is the first time the country has issued standardized guidelines for the proper and safe handling of e-waste. The collaboration is part of a program funded by the State Secretariat for Economic Affairs (SECO).

    Electronic waste can pose a considerable risk to people and the environment, as it often contains toxic substances such as the heavy metals mercury and cadmium. At the same time, discarded electrical and electronic devices are an important source of valuable materials, for instance copper and gold. Proper disposal and recycling of e-waste is therefore crucial – also for developing and newly industrialized countries, who can use it to safeguard their populations and strengthen their economies.

    With support from Empa, South Africa has now come a good deal closer to this goal. In June 2024, the South African Department of Forestry, Fisheries and Environment published, for the first time, a comprehensive e-waste management strategy. An important basis for this strategy was provided by the Sustainable Recycling Industries program (SRI, see text box), financed by the Swiss State Secretariat for Economic Affairs (SECO).

    Sustainable change

    As part of the SRI program, Empa and the World Resources Forum (WRF) are working with teams from several developing and newly industrialized countries, including South Africa, to improve the recycling of e-waste in these countries. The aim is both to create the necessary legal framework and to impart technical know-how. “Thanks to the collaboration with Empa and the WRF, our partner countries benefit from proven expert knowledge,” says Philipp Ischer, program manager at SECO. According to the expert, this has a very positive effect on the development of the legal foundations for recycling and the formulation of the relevant norms and standards.

    “One of our activities as part of the SRI program, for example, is the training of auditors who check the quality of e-waste handling processes at recycling companies,” says Manuele Capelli, a researcher in Empa’s Technology and Society laboratory, which manages the program together with the WRF. Members of the Critical Materials and Resource Efficiency (CARE) research group, which has a longs-standing experience in development cooperation, also carried out audits for the Swiss e-waste recycling industry until 2023.

    The expertise from small, prosperous Switzerland cannot, however, be transferred one-to-one to a large newly industrialized country like South Africa. “One of SRI’s goals is to promote sustainable change so that the activities continue even after the program ends,” emphasizes Capelli. Special attention is therefore paid to cooperation with local teams. “Our partners are in contact with the authorities and the industry in South Africa and are very familiar with the country-specific challenges in the area of electronic waste recycling.”

    Creating suitable conditions

    The recycling of batteries is one example of the e-waste management challenges particular to South Africa. The power grid in the country is unstable; hour-long power cuts have been a daily occurrence for years. “As the largest electricity producer in the region, South Africa has no easy way of importing electricity,” explains Capelli. For this reason, many wealthy households rely on their own solar system with battery storage, resulting in large quantities of used batteries over time. “Batteries are a particularly dangerous form of e-waste. They can cause fires if stored incorrectly and not properly monitored,” says Capelli. Thanks to their experience with the recycling and reuse of batteries, the Empa researchers were able to pass on useful know-how to their local partners.

    Otherwise, South Africa faces similar challenges in e-waste recycling as other newly industrialized countries, says Capelli: “The quantities of e-waste are increasing, but disposal and recycling are often inadequate or unsafe. With the new strategy paper, the country now has comprehensive and uniform guidelines for the first time in order to better overcome these challenges. “This is a major milestone and we are delighted to have been able to support South Africa in this,” he says.

    Sustainable Recycling Industries
    Sustainable Recycling Industries (SRI) is a program funded by the Swiss State Secretariat for Economic Affairs (SECO) and run by Empa and the World Resources Forum (WRF), an international non-profit organization that emerged from Empa. The aim of the program is to create favorable framework conditions for a sustainable recycling industry for e-waste and related waste streams in selected developing and emerging countries. The countries involved are Colombia, Egypt, Ghana, Peru and South Africa. SRI is currently in its second phase, which will run until 2025. Colombia and Peru have already successfully completed the program.

    http://www.sustainable-recycling.org

    Address for enquiries

    Manuele Capelli
    Technology and Society
    Phone +41 58 765 69 01
    manuele.capelli@empa.ch

    Mathias Schluep
    Managing Director, World Resources Forum
    Phone +41 71 554 09 06
    mathias.schluep@wrforum.org

    Publisher

    Federal Laboratory for Materials Testing and Research
    http://www.empa.ch

    MIL OSI Europe News –

    January 23, 2025

  • MIL-OSI Asia-Pac: JOINT MEDIA RELEASE – Green transformation of transport sector in Samoa receives major boost with mass donation of 76 EVs from UNDP to the Government of Samoa

    Source: Government of Western Samoa

    Share this:

    03 October 2024

    Apia, SAMOA – Seventy-six electric vehicles (EVs) were handed over to the Government of Samoa earlier today by the United Nations Development Programme (UNDP), thanks to a major regional project that Samoa is part of, funded by the Government of Japan.

    Valued at more than US$6 million, the EVs were supplied by the Ford-Hyundai Samoa company.

    They include 24 sedans, 19 SUVs, 12 pick-up trucks, two of which were converted to first-responder firefighter trucks, a flat-bed truck converted to an oxygen tanks carrier truck with loading/unloading platform, and 20 plug-in hybrid EV (PHEV) passenger vans (minibuses).

    Fifty-three EVs will serve as official vehicles to cater for delegates of the Commonwealth Heads of Government Meeting (CHOGM) later this month.

    Supporting infrastructure are also now in place, with 14 wall mounted EV charging stations installed at selected Government premises, five high capacity ground mounted Direct Current (DC) type charging stations at the Tuanaimato Bowser, and several public charging stations, such as a solar-powered DC type charging station at the Mulifanua wharf, and the Faleolo and Fagalii airports, as well as other locations. The Bowser central government charging station will be fully operational later this month.

    All this was made possible under the Climate Action Pathways for Island Transport (CAP-IT) Project, implemented by the Government of Samoa via the leadership of the Ministry of Works, Transport and Infrastructure (MWTI), in partnership with UNDP, and funded by Japan.

    “We applaud the fact that this is the first time in the world that some of these EV models have been manufactured and reconfigured to suit our purposes. Most significantly, the procurement of this first lot of EVs for the Government fleet, is our response to the Expected Outcomes of the Pathway to the Development of Samoa 2021 to 2026, in placing emphasis on strengthening and increasing ‘Green Developments’,” said Hon. Olo Fiti Afoa Vaai, Minister of Works, Transport and Infrastructure.

    The project aims to promote urgent and inclusive transformation of the land and maritime transport sectors towards decarbonization. The project supports the achievement of Samoa’s enhanced NDCs (Nationally Determined Contributions) which is a climate action plan to cut emissions and adapt to climate impacts, for the energy and transport sector by 2030.

    “Today’s launch of EVs represents a pivotal moment in our journey towards a cleaner and more resilient transportation system in Samoa. The CAP-IT project is a vital part of our efforts to reduce greenhouse gas emissions, improve air quality, and promote sustainable mobility solutions across the islands. With these electric vehicles, Samoa takes another step towards achieving our Sustainable Development Goals, also Samoa’s NDCs, and leading by example in the Pacific region,” said Aliona Niculita, UNDP Resident Representative.

    Two critical related studies were also launched today focusing on (1) End-of-life EV battery management, and (2) Traffic volumes, vehicle registration, imports, and ownership.

    “The two reports we are launching today – The Baseline Assessment of Samoa”

    Transport Sector and The Report on Solutions for the Safe Disposal and Recycling of EV Batteries – will play a critical role in shaping Samoa’s National Transport Decarbonization Strategy. These reports represent a crucial step towards advancing sustainable transport solutions for the future,” said H.E. Senta Keisuke, Japan’s Ambassador to Samoa.

    The CAP-IT project is a component of the Japan-funded regional project, ‘Promoting Green Transformation in the Pacific Region towards Net-zero and Climate-Resilient Development’, also supporting Papua New Guinea, Timor-Leste and Vanuatu in achieving their green transformation ambitions for a more inclusive, climate-resilient future.

    The US$36.8 million regional project, with a country allocation of US$15.5 million for Samoa, is scheduled for completion in March 2025.

    -ENDS-

    SOURCE – Ministry of Works, Transport and Infrastructure Samoa, Embassy of Japan in Samoa, UNDP in Samoa, Cook Islands, Tokelau & Niue

    Share this:

    October 8, 2024

    MIL OSI Asia Pacific News –

    January 23, 2025

  • MIL-OSI Asia-Pac: Union Minister of Road Transport and Highways Shri Nitin Gadkari Unveils ‘Humsafar Policy’ for Onboarding Service Providers for Wayside Amenities Along the National Highways

    Source: Government of India (2)

    Union Minister of Road Transport and Highways Shri Nitin Gadkari Unveils ‘Humsafar Policy’ for Onboarding Service Providers for Wayside Amenities Along the National Highways

    Humsafar Policy aims at providing safe and pleasant travel experience to NH users, says Union Minister Shri Nitin Gadkari

    Union Minister says Humsafar Policy to Benefit Marginal Sections and Promote Eco-Friendly Highway Amenities

    Humsafar Policy to Enhance Commuter Experience with Standardized Highway Services

    Service Providers to Gain Enhanced Online Visibility via NHAI’s ‘Rajmarg Yatra’ App

    Posted On: 08 OCT 2024 4:08PM by PIB Delhi

    Union Minister of Road Transport & Highways Shri Nitin Gadkari launched today the ‘Humsafar Policy’ in New Delhi to enhance convenience of travelling on National Highways and accelerate development of the Wayside Amenities in presence of Shri Ajay Tamta, Minister of State for Road Transport and Highways.

     

    Speaking at the unveiling, Union Minister for Road Transport and Highways, Shri Nitin Gadkari said local marginal sections of the society will be benefitted from this initiative. He underscored that this scheme will help in facilitation of smooth, safe and pleasant journey for users. It will be environment friendly and has been prepared keeping the ecology and cleanliness in the perspective. He also said that water conservation, soil conservation, waste recycling, solar energy etc have been kept in mind while formulating this policy.

     

    Union Minister Sh. Nitin Gadkari asked the officials of the ministry to ensure quality service to the passengers through this policy. A number of Green Highways of NHAI have been planned with keeping several amenities in the perspectives, he further added.

     

    He called upon that petrol pump owners alongside NHs to ensure basic amenities at the petrol pump as per norms. He also said that Food court, cafeteria, Fuel station, Electric Vehicle Charging Station, parking facilities, Toilet facility, Baby Care room, ATM, Vehicle repair shop, Pharmacy services under this policy will ensure better experience for NH users.

    Speaking on the occasion, Shri Ajay Tamta, Minister of State for Road Transport and Highways said that under the guidance of Shri Nitin Gadkari National Highways of 1.5 lakh KMs have been laid down. Prime Minister’s vision and Union Road Transport and Highways minister’s guidance is changing the course of infrastructure in this country despite several odds, he further added.

     

    On this occasion, Union Minister Sh. Nitin Gadkari and MoS Sh. Ajay Tamta also visited the Exhibition displayed on the theme

    The policy aims to provide a comprehensive framework to ensure that the commuters have access to standardized, well-maintained, and hygienic facilities by onboarding both existing and upcoming service providers along National Highways and Expressways. Existing and upcoming service providers under the categories of Eateries, Fuel Station and Trauma Centres will be eligible to register under the Humsafar Policy. The policy aims to benefit all stakeholders. Registered service providers will benefit from waiver of fees for renewal for existing access permission and will be provided space on National Highways to put up signages of their establishment to increase visibility. In addition, the service providers will be featured on NHAI ‘Rajmarg Yatra’, mobile app to boost their online visibility.

    The ‘Humsafar’ policy will also benefit commuters by enabling access to standardized, well maintained and hygienic facilities. Commuters will be able to find details of relevant service providers near their location instantly on the ‘Rajmarg Yatra’ app. The app will also empower commuters to report issues and rate the service provided and facilities. Registered service providers will be able to avail a waiver of renewal fees for access permissions, if they maintain an average rating of 3 or higher.

    The policy also outlines rigorous provisions for ‘Monitoring & Inspection’ of the registered service providers for maintaining the standard of the facilities and ensuring quality services to the commuters. Regular inspections will be conducted by a third-party agency appointed by the authority. Email/ SMS alerts shall be sent to service providers in case their ratings fall below average of 3-stars and more frequent inspections will be carried out on such facilities with low score.

    The ‘Humsafar Policy’ will go a long way in establishing world-class services along the National Highways by standardizing high-quality facilities for commuters and enhancing the overall travel experience of the National Highway users.

    The event was attended by Sh. D. Sarangi, Director General & Special Secretary in the Ministry, Sh. Santosh Kumar Yadav Chairman of NHAI, and senior officers of the ministry and NHAI, NHLML with representatives of Wayside Amenities Developers, Hospitality companies, Oil Marketing Companies, EV charging companies, consultants and academicians.

    The complete policy can be read at: – 

    https://static.pib.gov.in/WriteReadData/specificdocs/documents/2024/oct/doc2024108411501.pdf

    *****

    NKK/GS

    (Release ID: 2063189) Visitor Counter : 71

    MIL OSI Asia Pacific News –

    January 23, 2025

  • MIL-OSI: ZeroDual, Powered by OPTIZMO™ Technologies, Debuts as an Innovative Solution to Dual Representation Issues in the MDL Arena

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Oct. 08, 2024 (GLOBE NEWSWIRE) — OPTIZMO Technologies, recognized for its leading solutions in email compliance, data security, and suppression list management, proudly introduces ZeroDual. This innovative platform is specifically designed to revolutionize the management of dual representation challenges faced by law firms in Mass Tort and Class Action litigation. ZeroDual harnesses OPTIZMO’s industry-leading technology to offer a secure, and intuitive approach to ensure clean dockets and reduce case attrition.

    Launched in 2009 by co-founders Khris Thayer and Grant Fern, OPTIZMO has been at the cutting edge of managing and securing sensitive data for 15 years. With the launch of ZeroDual, OPTIZMO delivers a solution critically needed to enhance efficiency and data integrity within the mass tort industry.

    ZeroDual: An Innovative Shift in Docket Management
    Catering to the complexities of Mass Tort litigation, ZeroDual presents a pivotal advancement in real-time case management and duplication checks. The platform enables law firms to ensure that cases being onboarded are not already represented by another firm, promoting real-time transparency in docket management, and reducing overall case attrition in the census/certification process.

    Why ZeroDual is the Definitive Solution:

    • Instant Duplicate Claimant Checks: Instantaneously verify if claimants are unique within the MDL upon intake, significantly mitigating duplicate retainer purchases and longer-term case processing costs.
    • Streamlined Docket Certification: Facilitate smoother docket certification processes with courts, enhancing the efficiency of legal proceedings.
    • Privacy and Security at the Forefront: With encoded, anonymized case data, ZeroDual keeps your case demographics confidential and shielded from other law firms.
    • Centralized Plaintiff Database: ZeroDual creates a comprehensive, centralized case database for each MDL, streamlining case management.
    • User-Friendly Interface: Equipped with a simple, one-click tool for instant claimant duplicate checks, ZeroDual is designed for ease of use without compromising on precision.

    Advanced Data Security Measures
    Building on OPTIZMO’s core commitment to data security, ZeroDual incorporates extensive security protocols, ensuring sensitive case information is rigorously protected. Through encoding, anonymization, and an array of vulnerability assessments, ZeroDual delivers industry-best data security protocols within the legal industry.

    As OPTIZMO continues to expand its product and service offerings, ZeroDual exemplifies the company’s innovation-driven philosophy. By introducing ZeroDual, OPTIZMO not only addresses an industry-wide challenge but also reinforces its reputation as a pioneer in technological solutions for complex data management issues.

    Learn more at ZeroDual.com

    About OPTIZMO

    OPTIZMO Technologies is the recognized thought leader in the email and online marketing space for email suppression list management, email campaign management, data management, and risk mitigation services relative to email compliance. With an expert staff in pursuit of unrivaled efficiency, innovative technology, and an insatiable desire to problem-solve, clients find a customer-centric business model that not only enhances the way OPTIZMO clients do business but drives the company forward. The company is headquartered in Austin, TX, and has offices and team members in Charleston, Denver, and Brisbane, Australia.

    Media Contact:
    Antonio Jones
    Marketing Manager
    antonio@optizmo.com

    Tom Wozniak
    Chief Operations Officer
    tom@optizmo.com

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Array and Lumin Digital Announce Partnership To Help Financial Institutions Deliver Financial Wellness Tools Within Lumin Digital’s Digital Banking Experience

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and SALT LAKE CITY, Oct. 08, 2024 (GLOBE NEWSWIRE) — Array, a leading financial innovation platform, announced a partnership today with Lumin Digital, a leading cloud-native digital banking provider. Through this partnership, Lumin will now offer a suite of Array’s products, including My Credit Manager with Offers Engine, Identity Protect, Privacy Protect, and Subscription Manager, as part of its Financial Wellness Monitoring suite for financial institution customers.

    The complexity of consumers’ personal financial ecosystems can make it difficult for them to effectively manage their finances – especially when they are spread across many apps and institutions. Array’s innovative product suite aims to help financial institutions equip consumers with financial health tools that enable them to understand and more effectively manage their financial lives – all from a single place. The suite of embeddable products can be seamlessly integrated into a Lumin customer’s existing digital banking platform, allowing for the quick deployment of financial tools without exhausting internal resources through costly and time-consuming development processes.

    “Bank and credit union customers have evolved regarding what their financial institution should offer within its digital experience,” said Sean Weadock, Chief Product Officer for Lumin Digital. “Through our partnership with Array, our community of banks and credit unions can now bundle full-featured credit management with ID and privacy protection products within their banking experience platform. This increases accessibility to these must-have features and the efficiency at which institutions can deliver highly innovative digital solutions to meet their customers’ needs while reducing overall costs.”

    Array’s My Credit Manager with Offers Engine lets users view, understand, and manage their credit information. They can receive score change alerts, interact with a score simulator, and view credit score factors and debt analysis components. With this product, financial institutions see an average of 2.2 return visits per month. Array’s Offers Engine, an embedded data and workflow solution, helps financial institutions market their services to account holders with actionable offers based on the user’s credit-data attributes. They are then matched to appropriate credit products, resulting in greater relevance and likelihood of approval. Through this service, financial institutions have seen a significant increase in personal loan email opens, and, in some cases, have boosted personal loan values by 3x-4x.

    Array’s ID Protect includes identity monitoring, insurance, and restoration services that help keep users safe from fraud, and features dark web monitoring, alerts, and identity theft restoration services. This product demonstrates exceptional retention, with one Array client achieving a 96% retention rate as users increasingly recognize security features as essential tools for protecting their personal information. Users will also have access to Privacy Protect, which offers the most effective data removal for consumers – having removed more than 200 million records to date and assisting more than 4 million individuals.

    Finally, Array’s Subscription Manager is an embeddable, private-label app that helps financial institutions, fintechs, and digital brands attract and retain customers by providing insight into and control over recurring payments.​​ It is available in various models, including as a value-added service, a premium upgrade, or other options. With the new tool, users can monitor their subscriptions in a single, consolidated view, and cancel unused or low-value subscriptions with just a single click. Additionally, users can request that Array negotiate a lower rate on select subscriptions on their behalf, and consolidate their subscription management with other financial services.

    “Lumin accelerates the process of digital banking innovation and product deployment for financial institutions, and this strengthens customer relationships over the near and long term,” said Mario DeLecce, Head of Partnerships at Array. “While banks and credit unions are competent in delivering superior customer service in person, digital banking acumen remains a challenge. Lumin is helping these institutions navigate the digital customer experience, prioritize the products that have a client’s needs as the core focus, and find initiatives that deliver the most value. We are fortunate they have chosen our products to assist customers and members to achieve better financial health and wellness.”

    About Lumin Digital
    Lumin Digital is the leading, future-ready digital banking solution powering remarkable growth for financial institutions across the United States. Combining innovation, data, and speed, Lumin’s disruption-proof platform was born in the cloud to stay ahead of the evolving expectations of retail and business banking users. With Lumin Digital’s unique approach, our clients innovate and scale at their own pace, optimize digital banking ROI, and create a strong digital relationship with their customers. For more information, visit lumindigital.com.

    About Array
    Array is a financial innovation platform that helps digital brands, financial institutions, and fintechs get compelling consumer products and features to market quickly. Array’s products enable its clients to drive more revenue while increasing digital engagement and financial literacy for their customers. The company has clients across multiple market segments serving millions of active users. Array was founded in 2020 by Martin Toha and Phillip Zedalis and its investors include Battery Ventures, General Catalyst, and Nyca Partners. To learn more visit http://www.array.com.

    Media Contacts

    Kurt Foeller, Array
    press@array.com

    Olivia Knecht
    Clarity for Lumin Digital
    lumin@clarity.global

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Converge Selects Infinera’s 1.2T ICE7

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Infinera (NASDAQ: INFN) announced today that Converge ICT Solutions Inc. (PSE: CNVRG), the leading fiber broadband and technology solutions provider in the Philippines, selected Infinera as its submarine line terminal equipment (SLTE) vendor for the fiber pairs over which Converge has been granted an Indefeasible Right of Use (IRU) on the Bifrost Cable System, using Infinera’s industry-leading GX Series Compact Modular Platform and its next-generation high-performance 1.2T ICE7 optical engine.

    Additionally, Converge will use Infinera’s solutions to modernize its nationwide terrestrial fiber network across the Philippines.

    Keppel and Converge have entered into agreements for the grant of an IRU to Converge for one fiber pair on the main trunk and the entire Davao branch of the Bifrost Cable System. Developed by Keppel, Meta, and Telin, the Bifrost Cable System is an end-to-end trans-Pacific cable system spanning over 15,000 km, connecting the west coast of North America via Guam with the Philippines, Indonesia, and Singapore. Converge is also the landing party for the Davao branch segment of the Bifrost Cable System and owns the cable landing station in Davao, located in the southern Mindanao region.

    Converge is the fastest-growing fiber broadband and Information and Communications Technology (ICT) solutions provider in the Philippines, with total fiber assets extending over 70,000 kilometers. It operates the biggest fiber-to-the-home network in the country, with total homes passed reaching 16 million.

    Converge selected Infinera’s solution based on Infinera’s proven track record in subsea networking with industry-leading reach and capacity performance. Leveraging Infinera’s subsea solution will enable Converge to monetize its fiber assets by delivering the highest capacity at the lowest cost over ultra-long distances.

    Once deployed, Converge will benefit from the industry’s latest generation of advanced high-speed optics and 5-nm technology, enabling single wavelengths of up to 1.2T and improved capacity-reach. Infinera’s solution provides Converge with an operationally seamless solution including advanced spectrum sharing capabilities in a single platform that supports both ICE7 transponders and next-generation optical line system (OLS) capabilities.

    “We are excited to leverage the latest generation of Infinera’s technology for our terrestrial and subsea cable assets. Infinera provides the most advanced subsea networking solution with industry-leading capabilities including advanced power management,” said Dennis Anthony Uy, CEO and Co-Founder of Converge. “Leveraging Infinera’s innovative solution, Converge will be able to effectively scale to meet rapidly growing bandwidth demands across the Philippines and the entire Asia-Pacific region.”

    “By selecting Infinera’s ICE7 as the SLTE for the fiber pairs utilized by Converge in the Bifrost Cable System and to modernize its terrestrial backbone, Converge will benefit from the industry’s latest technology, enabling them to provide their customers with access to cost-effective, high-performance, and high-capacity services,” said David Heard, CEO at Infinera. “We are pleased to have been selected for the company’s growth and expansion, which underscores the value of Infinera’s innovative optical engine solutions and expertise in deploying critical networks globally.”

    Contacts:

    Infinera Media:
    Anna Vue
    Tel. +1 (916) 595-8157
    avue@infinera.com

    Converge Media:
    Jay-Anne Encarnado
    VP and Head of Corporate Communications and Public Relations
    corpcomm@convergeict.com   

    Infinera Investors:
    Amitabh Passi, Head of Investor Relations
    Tel. +1 (669) 295-1489
    apassi@infinera.com

    Converge Investors:
    Owen Ocampo
    VP and Head of Investor Relations
    Investor.relations@convergeict.com

    About Converge ICT Solutions
    Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) is the fastest-growing fixed broadband service provider in the Philippines. It is the first to run an end-to-end pure fiber internet network in the country, providing Filipinos simple, fast, and reliable connectivity. Aside from broadband services, Converge also offers integrated data center and network solutions services. With over 70,000 kilometers of fiber optic assets nationwide, it has one of the most extensive fiber networks in the Philippines. With this fiber-powered network, Converge provides premium world-class digital experience for residential, enterprise, and wholesale customers. Go to https://www.convergeict.com for more information.

    About Infinera
    Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit http://www.infinera.com, follow us on Twitter and LinkedIn, and subscribe for updates.

    Infinera and the Infinera logo are registered trademarks of Infinera Corporation.

    This press release contains forward-looking statements, including but not limited to the operational, performance and financial benefits of Infinera’s GX Series Compact Modular Platform and its ICE7 optical engine. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Actual results may vary materially from these expectations as a result of various risks and uncertainties. Information about these risks and uncertainties, and other risks and uncertainties that affect Infinera’s business, is contained in the risk factors section and other sections of Infinera’s Quarterly Report on Form 10-Q for the Fiscal Quarter ended June 29, 2024 as filed with the SEC on August 2, 2024, as well as any subsequent reports filed with or furnished to the SEC. These reports are available on Infinera’s website at http://www.infinera.com and the SEC’s website at http://www.sec.gov. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies and can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Baker Hughes Lands Largest Integrated Compressor Line Order in Company’s History

    Source: GlobeNewswire (MIL-OSI)

    • Baker Hughes Integrated Compressor Line (ICL) technology to enhance gas swing storage capacity as part of the United Arab Emirates decarbonization strategy
    • Scope includes 10 ICL units to be installed at Margham Gas storage facility in the Emirate of Dubai

    HOUSTON and LONDON, Oct. 08, 2024 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday its largest order ever of Integrated Compressor Line (ICL) units with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to enhance the reliability of energy supply and support local decarbonization efforts. The order was booked in the third quarter of 2024.

    The 10 ICL units – five for gas storage and five for dual-use injection boosting or gas export to the existing gas distribution system – will be installed at the Margham Gas storage facility in Dubai, significantly increasing its capacity. Through the adoption of the ICL technology, the project aims to achieve a high-reliability system with reduced emissions. The project will provide stability to Dubai’s energy supply by strengthening the system’s ability to switch between natural gas and solar power.

    “Our innovative ICL technology is set to be critical to support the gas infrastructure needed to address Dubai’s increasing expansion of renewables into its energy mix,” said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. “This landmark order underscores the proven track record we have built in the market for our low-carbon solutions, and we are grateful to DPE for their continued commitment and trust as they deliver sustainable energy development.”

    With already three ICL units successfully in operation since 2020, DPE’s decision to continue working with Baker Hughes is a testament to the performance and reliability of the installed technology. With zero seal leakages and minimal downtime required for maintenance, Baker Hughes’ ICL technology continues to solidify its position as a highly sought-after option in the market. The latest award from DPE continues the positive order momentum for this technology and follows awards for different applications in projects across Italy, Germany, Argentina and the United States.

    About Baker Hughes
    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner, and more efficient for people and the planet. Visit us at bakerhughes.com.

    For more information, please contact:

    Media Relations
    Chiara Toniato
    +39 3463823419       
    chiara.toniato@bakerhughes.com

    Investor Relations:

    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    The MIL Network –

    January 23, 2025

  • MIL-OSI: First Orion, TNS and TransUnion Partnership Launches Branded Calling with Logos for Enterprises

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Oct. 08, 2024 (GLOBE NEWSWIRE) — First Orion, Transaction Network Services (TNS), and TransUnion (NYSE: TRU) today announced the availability of branded calling with logos across the top three U.S. wireless carriers. The partnership ensures branded calls with rich content are verified with end-to-end authentication, providing a secure method to help prevent call spoofing. With the addition of logo delivery to the portfolio of rich content, the partnership expects a continued increase in secure branded calling adoption before the end of 2024.

    In a joint statement at Mobile World Congress, the companies said, “Despite the many digital communication channels available, the phone call is the preferred channel for addressing personal, complex, and high-value business situations. Companies must consider leveraging the benefits of authenticated branded calling to build long-term brand affinity and improve engagement. This becomes even more vital to financial service firms that have experienced a dramatic uptick in fraudulent activity, which can negatively impact their brand and customers.”

    Branded calling enables enterprises to add rich content to the mobile display, including name, number, and now, logo, along with a secure end-to-end authentication and verification framework, to ensure calls are not spoofed. The solution is essential for promoting businesses, establishing consumer trust, and increasing engagement while protecting brands and consumers from fraud.

    After two years of close collaboration, the partnership continues to advance innovation and adoption, most recently achieving industry milestones, including:

    • Branded calling adoption by more than 4,500 U.S. businesses, including 15 percent of Fortune 500 companies
    • Delivering more than 3.7 billion branded calls this year, on track to reach five billion by the end of 2024
    • Shared network coverage, including more than 300 million consumers
    • Registering more than 250,000 businesses and 22 million phone numbers

    According to Juniper Research, robocall scams could cost consumers $73 billion this year, and “the implementation of frameworks such as STIR/SHAKEN, and mass rollout of branded calling solutions, are expected to significantly impact criminals’ operations.” Already working in lockstep with this guidance, the partnership is responsible for establishing the industry standards that helped introduce branded calling to the U.S. marketplace.

    With the addition of logos and nationwide coverage across the top three wireless carriers in the U.S., a mass branded calling rollout is already underway, with expectations to continue to reach more businesses and consumers over time.

    About First Orion
    Since 2008, First Orion has transformed the phone call experience for businesses, carriers and consumers through its industry-leading communication branding and protection solutions. As the market leader in branded calling, First Orion is a trusted partner to Fortune 500 companies and the largest U.S. mobile carriers. The global telecommunications solutions provider helps businesses generate more revenue, increase efficiency, and improve the customer experience by empowering them to brand their phone calls with their name, logo and reason for calling. First Orion also provides the industry’s most secure calling experience and best-in-class analytics for call program optimization. For more information, visit firstorion.com.

    About Transaction Network Services (TNS)
    TNS, a market leader in call identification and robocall mitigation, provides an end-to-end ecosystem for protecting and restoring trust in voice calling. TNS addresses the full needs of wireless and wireline operators globally with TNS Call Guardian®, the industry-leading call analytics solution that protects subscribers from high risk and nuisance robocalls. In addition, its Enterprise product suite, including TNS Enterprise Authentication and Spoof Protection and TNS Enterprise Branded Calling, is taking the next step in enriching consumer engagement, making the voice channel an integral part of an omnichannel customer experience program. TNS analyzes over 1.5 billion call events across more than 500 operators every single day, enabling enterprises to protect their brand and consumers, and carriers to identify more unwanted robocalls. For additional information visit: https://tnsi.com/resource-center/communications/.

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

    Learn more about TransUnion Branded Call Display (BCD).

    Media/PR Contacts:

    First Orion Media Relations
    Lucie Pathmann
    Lpathmann@firstorion.com
    501-772-6108

    TNS Media Relations
    Brian Lustig
    202-836-9112
    tns@bluetext.com 

    TransUnion Media Relations
    Dave Blumberg
    david.blumberg@transunion.com
    312-972-6646

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., Oct. 08, 2024 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that it plans to publish its third quarter financial results in a press release that will be issued on Wednesday, November 6, 2024, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on Thursday, November 7, 2024.

    To join the call, please dial +1-646-960-0440, approximately 15 minutes prior to the scheduled start of the call. The access code for the call is 2705841. Please request the “Ormat Technologies, Inc. call” when prompted by the conference call operator. The conference call will also be accompanied by a live webcast which will be hosted on the Investor Relations section of the Company’s website.

    A replay will be available one hour after the end of the conference call. To access the replay, please dial +1-647-362-9199. Please use the replay access code 2705841. The webcast will also be archived on the Investor Relations section of the Company’s website.

    ABOUT ORMAT TECHNOLOGIES

    With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,200 MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,420MW with a 1,230MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 190MW energy storage portfolio that is located in the U.S.

    Ormat Technologies Contact:
    Smadar Lavi
    VP, Head of IR and ESG Planning & Reporting
    775-356-9029 (ext. 65726)
    slavi@ormat.com    		 Investor Relations Agency Contact:
    Josh Carroll or Joseph Caminiti
    Alpha IR Group
    312-445-2870
    ORA@alpha-ir.com

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Airloom Energy Announces $13.75M Financing to Accelerate Development of Pilot in Wyoming

    Source: GlobeNewswire (MIL-OSI)

    LARAMIE, Wyo., Oct. 08, 2024 (GLOBE NEWSWIRE) — Airloom Energy, the company unlocking the next generation and full potential of wind power, has secured $7.5 million in financing led by Lowercarbon Capital with participation from Breakthrough Energy Ventures, WYVC, Crosscut Ventures, WovenEarth Ventures, Adiuvans, and the Kutnick Family Office to support its vision of revolutionizing wind energy generation. The company also secured $5 million in Energy Matching Funds from the State of Wyoming and a $1.25M non-dilutive contract from the U.S. Department of Defense.

    The new funding will support the development of a pilot in Wyoming to prove out power production and system efficiency, while demonstrating that Airloom can build wind for one-third the cost of conventional horizontal-axis turbines. The company will break ground on the project in the summer of 2025.

    Just as Horizontal-Axis Wind Turbines (HAWTs) continue to grow in size and complexity, continued cost reductions are hindered by interest rates and supply chain issues. Airloom takes a fundamentally different approach with its simple, mass-manufacturable design that enables higher energy density and a smaller visual footprint without the massive infrastructure that conventional turbines require.

    More efficient, easier to deploy wind technology has been a goal for decades, but previous efforts haven’t succeeded in displacing HAWTs because they didn’t have the right combination of high energy production, low capital costs, and system sturdiness. Airloom solves this with a robust, scalable system architecture that is engineered to withstand the harsh and dynamic conditions wind turbines are exposed to. In addition, Airloom is engineered to utilize common materials, automated manufacturing, and existing transportation networks. The resulting system is not only built to wind industry engineering standards, but achieves exceptional power production at low-cost.

    “As global demand for renewable energy increases, Airloom’s technology offers a breakthrough in reducing the Levelized Cost of Energy (LCOE) while addressing the supply chain challenges that have long hindered the wind sector,” said Neal Rickner, CEO of Airloom. “With a focus on efficiency, scalability, and sustainability, Airloom is positioned to become a key player in the future of renewable energy.”

    The Airloom team includes industry veterans from Google X, Boeing, GE, Vestas, Gulfstream, DNV GL, and more. Rickner previously served as COO of Makani, a next-generation wind turbine company owned by Alphabet and Shell.

    As Airloom builds its first-of-a-kind pilot project, it has opened dialogue with wind developers, asset owners, and power producers to explore partnerships for its next projects. The company is building a coalition of industry players and early adopters who will get early access as Airloom begins to scale. If you are an interested company or would like to learn more, please visit http://www.airloom.energy.

    About Airloom Energy

    Airloom Energy is developing a new generation of renewable energy technology designed to unlock the full potential of wind power. Airloom’s turbines are more efficient, can be mass manufactured, and deployed just about anywhere. Backed by leading investors, Airloom is on a mission to disrupt the wind energy industry and accelerate the global energy transition. To learn more follow Airloom on LinkedIn @airloomenergy, visit the website http://www.airloom.energy, or reach out directly: info@airloom.energy  

    About Lowercarbon Capital

    Lowercarbon Capital is a multibillion dollar venture capital firm founded by Chris and Crystal Sacca that backs kickass companies making real money slashing CO2 emissions, sucking carbon out of the sky, and buying us time to heal the planet. For more information, visit http://www.lowercarboncapital.com.

    About Breakthrough Energy Ventures

    Breakthrough Energy Ventures is a purpose-built investment firm that partners with, launches, and scales global companies that are building an emissions-free global economy. We seek true breakthroughs and are committed to supporting these entrepreneurs and companies by bringing to bear a unique combination of technical, operational, market, and policy expertise. Backed by many of the world’s top business leaders, companies, and investors, Breakthrough Energy Ventures has raised more than $3.5 billion in committed capital and partnered with more than 110 groundbreaking companies. Breakthrough Energy Ventures is the venture capital arm of Breakthrough Energy, a global network of climate leaders committed to accelerating the world’s journey to a clean energy future. The organization funds breakthrough technologies, advocates for climate-smart policies, and mobilizes partners around the world to take effective action, accelerating progress at every stage. Visit Breakthrough Energy Ventures to learn more.

    About WYVC

    Utilizing federal funds provided by the U.S. Treasury’s State Small Business Credit Initiative (SSBCI), the Wyoming Business Council launched Wyoming Venture Capital (WYVC) in April 2023. Designed to support the innovation and growth needs of founders across the state, WYVC is an equity financing option for Wyoming high-growth companies with an eye toward future exit.

    WYVC utilizes two investment strategies – the Direct Strategy and the Funds Strategy – to support the growth of Wyoming startups. The program targets contributing 20% to selected funds or companies’ fundraising rounds. Ultimately, both strategies are designed to support in-state companies and to help bridge the early gaps in startup equity funding.

    Contact:

    Neal Rickner, CEO
    neal@airloom.energy
    858-254-2246

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a8911e47-61c1-4b45-bec0-4a18505f232d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/725e62b4-c946-40a9-a36f-936ec4993c49

    https://www.globenewswire.com/NewsRoom/AttachmentNg/06018e8c-9348-4461-bdad-d484285e5f31

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8958f274-14c9-41c4-abc0-f875c307afe3

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Tanjea Introduces Exciting New Match-3 Game Update to iOS Version of “Race to Riches”

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Oct. 08, 2024 (GLOBE NEWSWIRE) — Boba Mint Holdings Ltd. (CSE: TNJ) (“Boba” or the “Company”) is excited to announce a major update to its flagship mobile gaming platform, Tanjea. The popular iOS game Race to Riches, developed under the Tanjea ecosystem, now features an exciting Match-3 game mode where players can collect TNJ tokens by matching colorful Jea eggs, reminiscent of fan-favorite games like Candy Crush. With multiple levels designed to challenge and engage, this new feature offers endless hours of fun and strategy for players.

    This addition means that similar to Android users, iOS users now have access to two dynamic games within the Tanjea app: the Match-3 Jea egg collector and the classic endless runner combat game. Whether players are looking for fast-paced action or more strategic puzzle-solving, Tanjea now offers multiple ways to keep gamers engaged.

    “We’re always looking for ways to innovate and improve our platform for players,” said Rody Lazar, CEO of Boba. “With the addition of the Match-3 game, we’re excited to offer even more variety, ensuring there’s something for every type of player in Tanjea: Race to Riches.”

    Testnet Token Integration

    As part of this major update, Tanjea is preparing to introduce testnet tokens within the app. This feature will allow players to test the withdrawal feature of TNJ tokens before the integration of the real token, offering an early preview of how the in-game economy will function. This is a critical step toward ensuring smooth and secure token transactions when the official TNJ token is fully implemented.

    “We want our community to feel confident and excited about the integration of TNJ tokens, so allowing them to experience it on the testnet first is an important milestone,” added Rody Lazar. “It’s a chance for our players to get comfortable with the system and provide feedback before we roll out the full integration.”

    Players can download the latest version of Tanjea: Race to Riches today on the iOS App Store, with the new Match-3 game mode now live. Stay tuned for more exciting updates, including the upcoming TNJ token integration.

    About Boba Mint Holdings Ltd.

    Boba Mint Holdings Ltd. is focused on the development of blockchain mobile games that integrate ERC20 tokens and ERC721 NFTs. Its primary product is a mobile blockchain gaming ecosystem called Tanjea, where gamers collect NFT characters (primarily birds and wolves) in multiple mobile games and use them to earn $TNJ tokens.

    Boba Mint is a pioneering blockchain gaming company dedicated to creating immersive, decentralized gaming experiences. Boba Mint has become synonymous with innovation and excellence in the blockchain gaming industry.

    On Behalf of the Board of Directors,
    Boba Mint Holdings Ltd.
    “Rody Lazar” CEO

    For further information, please contact:
    Rody Lazar – CEO
    Phone: 1-800-556-1015
    Email: info@bobamint.com

    Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for this release’s adequacy or accuracy.

    Forward-Looking Statements

    This news release contains statements that constitute “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Boba’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Such statements include those relating to game development and the Company’s expectations and plans. Although Boba believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

    Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments in the blockchain sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mobile video game industry and markets in Canada and generally; the ability of Boba to implement its business strategies; competition; and other assumptions, risks and uncertainties. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws. The foregoing statements expressly qualify any forward- looking information contained herein. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Risk Factors” in Boba’ Form 2A Listing Statement dated April 19, 2024 which is available on Boba’s profile at http://www.sedarplus.ca and on the CSE website at https://thecse.com/listings/boba-mint-holdings- ltd/.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction.

    We seek Safe Harbor.

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Electrify Expo Returns to New York, Anticipating Thousands to Feel the Thrill of Going Electric

    Source: GlobeNewswire (MIL-OSI)

    • The festival is making its return to Nassau Coliseum and will cover over 1 million square feet of outdoor space
    • General Motor Company (GMC) will make its Electrify Expo debut with its HUMMER EV and Sierra EV Denali alongside Tesla, Volvo, Ford, Rivian, Lucid, Toyota, Porsche, Lexus, Nissan and more
    • Tesla Cybertruck drive experiences will be available on both Saturday and Sunday
    • With multiple demo zones for e-bikes, e-scooters, e-skateboards and more plus live music, food and fun, attendees of all ages will have a thrilling weekend
    • Festival hours are 10 a.m. to 5 p.m. Saturday, October 12 and Sunday, October 13, tickets can be purchased online and in person

    NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) — Electrify Expo, North America’s largest electric vehicle (EV) festival, continues its eight-city tour, returning to New York for an action-packed weekend at Nassau Coliseum in Long Island. On October 12-13, the coliseum will transform into a 1 million square feet of all-electric fun with immersive experiences for all ages centered around the rapidly evolving world of electric and hybrid vehicles. The event will feature hands-on experiences with the latest in electric cars and trucks, e-bikes, e-scooters, motorcycles, and more and is designed for everyone, from EV skeptics to advocates, tech lovers, and EV-curious families wanting to explore the future of transportation.

    As electric vehicles gain popularity, Electrify Expo is the perfect opportunity for New Yorkers to experience nearly all the electric brands and options on the market. As of 2023, NY is in the top 3 US markets for EV adoption, with a significant portion of them located in the Long Island area. In addition to cars, electric two-wheeled vehicles (micro-mobility) are immensely popular in the area, with many residents using e-bikes as their primary means of transportation.

    “New Yorkers are leading the way for electric transportation of all kinds, from cars to bikes to scooters and more, and we are excited to bring our festival back to Long Island to thrill and surprise thousands of attendees, and give people real-world, hands-on experiences during their shopping process” said BJ Birtwell, CEO and founder of Electrify Expo. “We continue to add the most exciting EV brands in the industry including the debut of GMC to our exhibitor lineup alongside Tesla, Volvo, Ford, Lucid, Rivian, Porsche, Lexus, Toyota, Nissan and Ford. Add the many two-wheel brands available to demo, huge Kids Zone, E Charging and Solar brands, as well as the final race of our National Championship for Electrify Race League, and you have a jam-packed weekend of all-electric fun for all ages.”

    Special Attractions for New York:

    • GMC will make its Electrify Expo debut with demos of the HUMMER EV and Sierra EV Denali.
    • Attendees can experience the thrill of the Tesla Cybertruck behind the wheel as they take on the streets of Long Island throughout the weekend-long festival.
    • The Amazon Recharge Zone will address frequently asked questions pertaining to purchasing an EV, as well as debunking EV myths, through a full weekend of programming.
    • Go SIM racing with Nissan, as well as experience their Formula E race car
    • Electrify Showoff, a custom car show within the festival will ​​feature the world’s most radical customized EVs and inspire Electrify Expo attendees with ideas of how they can customize their own rides.
    • The Volvo Cars Drive Electric Zone offers attendees a thrilling closed-course experience to immerse into incredible performance, handling and safety features of their lineup.

    Whether you crave the rush of a high-performance demo or the ease of a street cruise, Electrify Expo is your go-to destination to experience and demo all things electric, including:

    • Ford: Mustang Mach-E and F-150 Lightning
    • GMC: HUMMER EV, Sierra EV Denali
    • Lexus: 2024 RZ 450e, 2024 RX 450h+, 2024 NX 450h+, 2024 TX 550h+
    • Lucid: Air models
    • Nissan: ARIYA, LEAF
    • Porsche: Taycan
    • Rivian: R1T, R1S, R2, R3
    • Tesla: Cybertruck, Model S, Model 3, Model X, Model Y
    • Toyota: Grand Highlander Hybrid, Prius Prime, RAV 4 Prime, bZ4X, SiriusXM (Sienna HV)
    • Volvo: EX30, C40 Recharge, XC40 Recharge, EX90

    In addition to automakers, New York attendees will be treated to an exciting lineup of e-bikes, e-scooters, and other micromobility offerings from top brands on two and four wheels, including:

    • SUPER 73
    • GoTrax Bikes + Scooters
    • Stacyc
    • JackRabbit
    • Stromer
    • Gazelle
    • Tripper
    • Tern
    • and many more

    For a full brand lineup, visit https://www.electrifyexpo.com/ny.

    Electrify Expo gates will open at 10 a.m. on Saturday and Sunday, October 12-13, with a full day of fun concluding at 5 p.m. each day. Tickets for Electrify Expo are available to purchase in person and online.

    For more information and to purchase tickets to Electrify Expo visit http://www.electrifyexpo.com. Media interested in attending may request credentials by emailing ee@skyya.com.

    About Electrify Expo
    Electrify Expo is North America’s largest outdoor electric vehicle (EV) festival showcasing the latest technology and products in electrification including startup and legacy EVs, electric motorcycles, bikes, scooters, skateboards, boats, surfboards and more. The festival addresses one of the most challenging barriers to mass adoption of electric vehicles – understanding how electric transportation works – with meaningful consumer experiences behind the wheel or in the seat on thrilling demo courses. Top brands from around the world exhibit and attend Electrify Expo’s events to meet consumers at all stages on their path to electrification. 2024 events will take place in Long Beach and San Francisco, Calif., Phoenix, Denver, New York, Seattle, Orlando, and Austin, Texas. To stay up to date on the latest news and announcements from Electrify Expo, visit http://www.electrifyexpo.com and follow on Twitter, Facebook and Instagram.

    Media Contact
    Skyya PR
    ee@skyya.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/60f9a6c3-8b5c-4fa8-a97a-2039b0750fa4

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Enphase Energy Announces Conference Call to Review Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today that it will host a conference call and webcast on Tuesday, Oct. 22, 2024 at 4:30 p.m. Eastern Time to discuss its third quarter 2024 financial results for the period ended Sept. 30, 2024. The live webcast can be accessed on the Enphase Energy Investor Relations website at investor.enphase.com, and a recorded version of the call will also be available there approximately one hour after the call.

    What: Enphase Energy’s Third Quarter 2024 Financial Results Earnings Conference Call and Webcast
       
    Date:  Tuesday, Oct. 22, 2024
       
    Time: 4:30 p.m. Eastern Time
       
    Live Call: 833.634.5018
       
    International:  +1.412.902.4214
       
    Replay: United States: 877.344.7529
      International: +1.412.317.0088
      Canada: 855.669.9658
      Replay access code: 2677879
       

    About Enphase Energy, Inc.

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

    © 2024 Enphase Energy, Inc. All rights reserved. Enphase, the “e” logo, and certain other names and marks are registered trademarks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.

    Contact:

    Zach Freedman
    Enphase Energy, Inc.
    Investor Relations
    ir@enphaseenergy.com

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

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Asset Entities Announces New Episode with Miami Hurricanes Michael “The Playmaker” Irvin and Sandy “The Hammer” Jack on “The Lounge” Podcast

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 08, 2024 (GLOBE NEWSWIRE) — Asset Entities Inc. (“Asset Entities” or “the Company”) (NASDAQ: ASST), a provider of digital marketing and content delivery services across Discord and other social media platforms, and Ternary Payment Platform company, today announced their next episode on the Lounge featuring former National Champion Miami Hurricanes, Michael Irvin and Sandy Jack.

    This episode will feature Irvin and Jack, who discuss their journey as teammates at the University of Miami, playing football for famed head coach Jimmy Johnson, winning a national championship with the Hurricanes, and other life lessons. “The Lounge” is hosted by well-known TikToker, Kyle Fairbanks, who also serves as the Executive Vice Chairman and Chief Marketing Officer for Asset Entities. The Lounge can be viewed on its YouTube channel @TheAELounge.

    It is an exciting time for the University of Miami and the Hurricanes Football team as they are now undefeated at 6-0 and received national notoriety in recent weeks for their come-from-behind wins against Virginia Tech and Cal (University of California at Berkley) in the last seconds of both of those games.

    Michael Irvin and Sandy Jack both played their entire NCAA Division 1 Football careers at the University of Miami. Michael Irvin went on to play his entire 12-year professional career for the Dallas Cowboys and was inducted into the Pro Football Hall of Fame in 2007, while Sandy Jack pursued a graduate degree by attending the Georgetown University Law Center in Washington, D.C., obtaining his Juris Doctorate and becoming an attorney in the State of Florida. Irvin and Jack, while playing for the Hurricanes, won an NCAA Division I National Championship in 1988 playing for Coach Jimmy Johnson.

    Irvin was nicknamed “the Playmaker” due to his incredible ability to make big plays in big games during his pro and college careers. An Emmy Award-winning Sports Analyst, Irvin also serves as a consultant to Asset Entities in the area of Sports and Entertainment.   You can watch Michael as an NFL analyst on Fox’s FS1 sports show, “Speak,” which is on weekly at 4:00 p.m. CST.

    To visit “The Lounge,” go to @TheAELounge on YouTube. To learn about Asset Entities Inc., please go to http://www.assetentities.com. To learn about Ternary, please go to http://www.ternarydev.com. To learn about the AE.360.DDM suite of services, please go to http://www.ae360.com and https://discord.gg/ae360ddm.

    Caption: Sandy Jack on the left, Michael Irvin on the right.

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

    Important Cautions Regarding Forward-Looking Statements

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

    Company Contacts:

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

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

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Silicon Motion Announces Preliminary Third Quarter 2024 Revenue and Earnings Conference Call Details

    Source: GlobeNewswire (MIL-OSI)

    TAIPEI, Taiwan and MILPITAS, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary third quarter financial results, sequential revenue growth is expected to be above the midpoint of its original guidance range of $205 million to $216 million, which the company issued on August 2, 2024. Gross margin (non-GAAP) is expected to be in the upper half of the company’s original 46.0% to 47.0% guidance range.

    The Company will release its third quarter 2024 financial results after the market closes on October 30, 2024, and will host a conference call on October 31 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below to participate in the live call.  

    CONFERENCE CALL DETAILS:

    Participants must register in advance to join the conference call using the link provided below. Conference access information (including dial-in information and a unique access PIN) will be provided in the email received upon registration.

    Participant Online Registration:
    https://register.vevent.com/register/BI3e5d77077ee94ca9b9fd61325f52a0e9

    This call will be webcasted on the Company’s website at http://www.siliconmotion.com.

    ABOUT SILICON MOTION:

    We are the global leader in supplying NAND flash controllers for solid state storage devices.  We supply more SSD controllers than any other company in the world for servers, PCs and other client devices and are the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications.  We also supply customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions. Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs.  For further information on Silicon Motion, visit us at http://www.siliconmotion.com.

    FORWARD-LOOKING STATEMENTS:

    This press release contains “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. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from one or more customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; the impact of inflation on our business and customer’s businesses and any effect this has on economic activity in the markets in which we operate; the functionalities and performance of our information technology (“IT”) systems, which are subject to cybersecurity threats and which support our critical operational activities, and any breaches of our IT systems or those of our customers, suppliers, partners and providers of third-party licensed technology; the effects on our business and our customer’s business taking into account the ongoing U.S.-China tariffs and trade disputes; the uncertainties associated with any future global or regional pandemic; the continuing tensions between Taiwan and China including enhanced military activities; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; changes in our cost of finished goods; supply chain disruptions that have affected us and our industry as well as other industries on a global basis; the payment, or non-payment, of cash dividends in the future at the discretion of our board of directors and any announced planned increases in such dividends; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in the products we sell given the current raw material supply shortages being experienced in our industry; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; any potential impairment charges that may be incurred related to businesses previously acquired or divested in the future; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on April 30, 2024. Other than as required under the securities laws, we do not intend, and do not undertake any obligation to, update or revise any forward-looking statements, which apply only as of the date of this press release.

    Investor Contacts:          
    Tom Sepenzis Selina Hsieh
    Senior Director of IR & Strategy Investor Relations
    tsepenzis@siliconmotion.com ir@siliconmotion.com

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Mattermost Appoints Dr. Bill Anderson as Principal Product Manager to Lead Innovation in Secure Communications and Emerging Technologies

    Source: GlobeNewswire (MIL-OSI)

    Palo Alto, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Mattermost, Inc., a leader in delivering the secure, real-time collaboration and workflow tools that modern defense, security and intelligence teams need to maintain command, control, and operational tempo, is excited to announce the appointment of Dr. Bill Anderson as Principal Product Manager. With a distinguished career in public and private security companies, Bill will drive Mattermost’s innovation in cutting-edge technology sectors such as AI, quantum cryptography, and secure communications. His leadership is expected to attract new collaborations, particularly with the U.S. Department of Defense (DoD) and the Intelligence Community (IC), and foster discussions around Small Business Innovation Research (SBIR) and other federal innovation projects.

    Dr. Anderson holds a Doctorate in Electrical Engineering from the University of Waterloo, specializing in cryptography, and brings more than two decades of experience to Mattermost. Bill’s proven ability to innovate and secure information in complex critical infrastructure environments makes him an ideal addition to the Mattermost team as the company continues to push the boundaries of secure collaboration.

    “We are thrilled to have Bill on board as Principal Product Manager,” said Ian Tien, CEO of Mattermost. “His extensive experience in security technologies will play a vital role in advancing our product offerings and forging new alliances within the DoD and IC. Bill is not only an innovator but also a visionary in the field of secure communications, and his insights will help Mattermost drive meaningful progress in security and national defense innovation.”

    Prior to joining Mattermost, Bill served as President of CIS Secure where he introduced a successful secure mobile platform solution for U.S. and international government defense and intelligence use. He is also well known as the founder of Oculis Labs, an innovative data-in-use security company that served both the DoD and the IC, and which he led through a successful acquisition by OptioLabs. As a leader at OptioLabs, Bill first served as Chief Product Officer and later as CEO, where he introduced groundbreaking security solutions for Android devices.

    Dr. Anderson has also held executive roles at SafeNet Inc., Aether Systems, and Certicom, where he managed highly successful cryptography and communications product lines, including pioneering work in elliptic curve cryptography. His leadership extends to his role as Vice Chairman of the Maryland Technology Development Corporation (TEDCO) board of directors, where he supported early-stage technology investments.

    Dr. Anderson holds multiple patents, including innovations in computer display privacy and secure information systems. His patented technologies focus on physically securing information on computer monitors, using advanced facial recognition and privacy control mechanisms to ensure that sensitive data is only visible to authorized users.

    “I’m excited to join Mattermost and contribute to its mission of securing communications for organizations with the highest security demands,” said Dr. Bill Anderson. “This is an exciting time in technology, with the rapid advancement of AI, quantum cryptography, and secure collaboration solutions. I look forward to working with Mattermost to bring new, innovative solutions to market, particularly for the DoD and IC, where the need for secure, cutting-edge technology is paramount.”

    Bill’s experience in working with the U.S. government and commercial sectors positions him to bridge the gap between technology development and national security needs. His role will be instrumental in driving the adoption of Mattermost’s solutions within federal agencies and fostering partnerships around innovation projects.

    About Mattermost

    Mattermost is the leading collaboration and workflow platform for mission-critical work. We serve national security, government, and critical infrastructure enterprises, from the U.S. Department of Defense, to global tech giants, to utilities, banks, and other vital services. We accelerate out-of-band incident response, DevSecOps workflow, mission operations, and self-sovereign collaboration to bolster the focus, adaptability, and resilience of the world’s most important organizations. 

    Our enterprise software and single-tenant SaaS platforms are built to meet the custom needs of rigorous and complex environments while offering a secure and unrivaled collaboration experience across web, desktop, and mobile with channel-based messaging, file sharing, audio calling and screen share, with integrated tooling, workflow automation and AI assistance. 

    Mattermost is developed on an open core platform vetted by the world’s leading security organizations, and co-built with over 4,000 open source project contributors who’ve provided over 30,000 code improvements towards our shared vision of accelerating the world’s mission-critical work. 

    For more information visit mattermost.com. 

    The MIL Network –

    January 23, 2025
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