Category: Business

  • MIL-OSI: Virtune AB (Publ) announces its expansion into France through the listing of Virtune Staked Solana ETP on Euronext Paris

    Source: GlobeNewswire (MIL-OSI)

    Paris, 26th of September 2024 — Virtune, a Swedish regulated digital asset manager and issuer of crypto Exchange Traded Products (ETPs) based in Stockholm, Sweden, announces its expansion into France through the listing of its Virtune Staked Solana ETP on Euronext Paris.

    With strong traction and consistent inflows in the Nordic regions driven by increasing interest and crypto adoption, expanding into France is a strategic milestone for Virtune. Virtune has since its inception in May 2023 been growing rapidly in the Nordics where it has listed a total of 12 products and reached more than 31 000 investors in its products in just about one year.

    The key success factors have been an educational focus, a transparent market approach and through its regulated status. This move not only addresses growing investor enthusiasm but also enhances our market presence across Europe.

    Christopher Kock, CEO of Virtune, stated:

    “We are thrilled to expand into France with the introduction of our Staked Solana ETP to the French investor community after its successful launch in the Nordic markets. Since our inception in May 2023, we have worked tirelessly to drive crypto adoption through educational efforts in the Nordics and we are excited to extend these efforts to the French financial market. This ETP provides investors with enhanced exposure to Solana, one of the leading and most influential blockchains globally, while also offering additional returns through included staking.”

    About Virtune Staked Solana ETP
    Virtune Staked Solana ETP provides exposure to Solana combined with the benefits of staking. With staking incorporated, the ETP offers an additional annual return of approximately 3% on the investment made in the ETP, while at the same time offering an attractive annual fee of 0.95%.

    Like all of Virtune’s ETPs, Virtune Staked Solana ETP is 100% physically backed and fully collateralized, is denominated in EUR for the French audience and is available on brokerage platforms. Virtune uses Coinbase as the crypto custodian where the underlying SOL tokens are being stored with highest institutional grade security in cold-storage. The underlying SOL tokens are being staked directly from cold-storage and the staking rewards are being reflected in the daily price of the ETP.

    Key Product Information:

    Exposure to Solana with approximately 3% annual return through staking
    100% physically backed by SOL
    0.95% annual management fee
    Non-custodial staking

    Virtune Staked Solana ETP:

    Trading Currency: EUR
    First Day of Trading: Tuesday, 17th of September 2024
    Euronext Exchange Ticker: VRTS
    Bloomberg Ticker: VIRSOL
    ISIN: SE0021309754
    Exchanges: Euronext Paris, Euronext Amsterdam, Nasdaq Stockholm

    About Virtune AB (Publ)
    Virtune is a registered financial institution with the Swedish Financial Supervisory Authority (FSA) for trading and managing digital assets and has an approved EU Base Prospectus, renewed with the Swedish FSA on April 5, 2024 which has enabled Virtune’s strategy of listing ETPs on regulated European exchanges. Virtune’s mission is to provide seamless access to crypto assets for both institutional and retail investors through innovative ETPs, transparency, and education.

    Virtune has a wide offering of crypto ETPs that includes Virtune Bitcoin ETP, Virtune Staked Ethereum ETP, Virtune Staked Solana ETP, Virtune Crypto Top 10 Index ETP, Virtune XRP ETP, Virtune Chainlink ETP, Virtune Avalanche ETP, Virtune Staked Polkadot ETP, Virtune Staked Polygon ETP, Virtune Arbitrum ETP and Virtune Staked Cardano ETP.

    About Solana
    Solana is a high-performance blockchain platform designed to offer fast and scalable decentralized application operations and cryptocurrency transactions. By using a unique consensus mechanism known as Proof of History (PoH) along with Proof of Stake (PoS), Solana can handle thousands of transactions per second with low transaction costs, which is a significant improvement over older blockchains like Bitcoin and Ethereum. This combination of technologies not only allows for instant transaction verification but also a significant increase in network throughput without compromising security or decentralization.

    About staking
    Staking enables crypto asset owners to earn passive income by participating in the validation and confirmation of transactions on a blockchain through a process known as Proof of Stake. This mechanism is a fundamental component of Proof of Stake blockchains, like Ethereum and Solana, and plays a vital role in ensuring the security and authenticity of blockchain transactions. To facilitate a transaction on the blockchain securely and accurately, a validator must stake a certain amount of crypto asset as a guarantee of the transaction’s legitimacy.

    The validator aims to stake as much crypto assets as possible to increase the likelihood of receiving rewards, which are paid out in the same type of crypto asset that was staked. For instance, if you stake Solana, you receive additional SOL tokens as a reward. The annual reward percentage for staking can vary and may range from 0-14% or higher for some blockchains. Most crypto asset holders cannot act as validators themselves, as it requires significant amounts of crypto assets. Therefore, many choose to stake their assets through an established and trusted validator. Virtune includes staking rewards in its products that have ‘staked’ included in their names.

    Flow Traders will act as the market maker for the ETP, ensuring that French investors can access the product easily and efficiently during Euronext market hours.

    Stockholm, 26th of September 2024

    For further inquiries, please contact:
    Christopher Kock, CEO & Member of the Board of Directors
    Email: hello@virtune.com

    About Virtune AB (Publ)
    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges.

    With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at http://www.virtune.com.

    The MIL Network

  • MIL-OSI Translation: OCE Profiles – September 2024

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Canton Government of Geneva in French

    Are you looking for a tourism specialist? Check out the profiles of these three experienced candidates:
    With nearly 20 years of professional experience in the business travel sector, this expert has proven herself within large groups. Throughout her career, her recognized organizational skills have enabled her to establish lasting and qualitative collaborations with both her clients and her business partners.
    Key skills

    Complete coordination of business travel for over 100 employees (visa applications, transportation tickets, accommodations, transfers, etc.) Negotiation and maintenance of numerous annual contracts with local and international travel partners to improve the quality of services and save on overall travel expenses Management of the review and approval process for all travel expense reimbursement requests Collection and analysis of company travel data for ad hoc, quarterly and annual business travel reports

    Trainings

    December 2023: Certificate in Corporate Travel Execution (CCTE), Online Course, Global Business Travel Association (GBTA) October 2023: Certificate in Advanced Principles of Corporate Travel Management, Online Course, Global Business Travel Association (GBTA)

    LANGUAGES

    Russian: mother tongue English: excellent knowledge French: good knowledge

    Fascinated by travel since childhood, this travel advisor with 25 years of experience in this sector has visited more than 35 countries throughout her career! She wishes to continue to make her solid knowledge and skills available by advising a clientele with a desire for escape and discoveries that are both varied and atypical.
    Key skills

    Informed and tailor-made advice to a diverse and demanding clientele, preparation of quotes and administrative follow-up in its entirety Creation of precise and useful “travel diaries” (electronic and paper) for travelers Effective management of unforeseen events, rapid research and proposals for alternative solutions Achievement of quantified objectives and active participation in the development and visibility of the agency/company during promotional events

    Trainings

    1998: GDS Galileo certificate, IATA, Geneva 1996-1997: IATA travel agent diploma, Geneva

    LANGUAGES

    French: mother tongue English: good knowledge Italian: excellent knowledge

    With 10 years of experience in the travel industry, this professional prioritizes high-quality listening and communication with her clients in order to satisfy them beyond their expectations. Creative and determined, resistant to pressure, she excels at quickly finding realistic and effective solutions.
    Key skills

    Rapid identification of customer needs and delivery of advice or solutions tailored to their desires and budget Complete and personalized operational management for all types of travel (air, rail, car and hotels). Monitoring of travelers throughout their trip Identification and proposal of price optimizations. Interface with suppliers or service providers Handling of disputes and complaints to the satisfaction of all parties

    Trainings

    2017 – various training courses: Baggage Services Training / Branding

    LANGUAGES

    Spanish: mother tongue English: bilingual French: perfect knowledge Are you interested in one of these candidate profiles? Would you like to discover others? Contact the OCE Employers Department:oce.de@etat.ge.ch

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

    MIL Translation OSI

  • MIL-OSI Economics: AIIB’s Global Membership Grows to 110

    Source: Asia Infrastructure Investment Bank

    The Asian Infrastructure Investment Bank (AIIB) has grown to 110 approved Members after its Board of Governors voted in support of the application of the Republic of Nauru during the Bank’s 2024 Annual Meeting.

    “The addition of Nauru as a regional Member strengthens the AIIB community and supports our collective mission to finance Infrastructure for Tomorrow,” said Jin Liqun, AIIB President and Chair of the Board of Directors. “AIIB is committed to our Members’ sustainable development and together we will work on priority projects within our clearly defined thematic priorities to drive long-term sustainable growth.”

    About AIIB

    The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved Members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

    MIL OSI Economics

  • MIL-OSI: Rising Star of 2049: WEEX’s Journey from Bear Market Origins to $5 Billion Daily Trades

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 26, 2024 (GLOBE NEWSWIRE) — TOKEN2049 Singapore kicked off in full swing at the iconic Marina Bay Sands in Singapore. Just 3 minutes walk away from the TOKEN 2049 event venue. Attendees relished complimentary beverages and engaged in networking. Among them were influential figures poised to shape the destiny of multibillion-dollar ventures.

    What unfolded was the Crypto Millionaire Gala orchestrated by WEEX, an event where influencers, blockchain entrepreneurs, and crypto enthusiasts like ⓧ Cyphereus Prime, Crypto Banter and Chiitancoin came together to forge connections and network and explore wealth-building opportunities in 2024. WEEX served as a platform linking different resources, showcasing its growing reputation as a rising star in the crypto world.

    Celebrating WEEX’s Impressive Journey

    “At WEEX, the slogan ‘Where new wealth is made’ is not just words – it is exactly what WEEX doing.” said Andrew Weine, WEEX’s VP, during the gala. Since WEEX’s birth in 2018 , which was a significant year of bear market. WEEX has made significant progress.

    By 2022, the daily trading volumes of WEEX reached $5 billion, serving over 500,000 users globally, registering a monthly growth rate of 100%, and securing critical licenses, including U.S. MSB License, SVG FSA License and Canada MSB License.

    Today, WEEX safeguards 5 million portfolios, offers 400+ futures trading pairs, and has grown exponentially during tough market conditions. 88% of the population of the world are now able to use WEEX’s platform to make financial opportunities accessible to all.

    What Strives the Growth of WEEX?

    WEEX’s rise in six years is due to various factors, especially its platform token, WXT, which transforms traditional trading.

    WXT not only reduces trading fees but also includes the Protection Fund, Team Incentives, Brand Promotion, Partner Ecosystem Fund, and User Acquisition Campaign.

    Holders of WXT enjoy perks like free airdrops on WE-Launch with an impressive 88.71% APY. Holding WXT unlocks benefits such as 0% futures trading fees and increased profit sharing. WEEX ensures WXT’s value through regular buybacks and burns, reflecting our commitment to transparency and sustainable growth.

    Fostering Innovation through Partnerships

    At WEEX, it’s more than just an exchange; it’s about fostering innovation and growth for partners. Strategic partnerships are vital in advancing the mission. By providing project listing budgets, fostering a collaborative environment through community, and offering comprehensive promotion strategies, the success and visibility of projects listed on the platform are ensured.

    Embracing a Bright Future Together

    The Crypto Millionaire Gala marks a milestone in the development of the WEEX Exchange Empire. As the journey continues, building partnerships and creating wealth for users, the future of WEEX looks brighter than ever. WEEX is more than a platform; it’s a community of innovators, traders, and visionaries. With a commitment to growth, transparency, and partnership, lives are being changed globally by opening doors to financial opportunities.

    Whether a project owner, a seasoned trader, or someone aspiring to be a crypto success story, WEEX is here to support on this transformative journey. Together, the landscape of wealth creation is being reshaped.

    About WEEX

    Founded in the bustling metropolis of Singapore back in 2018, WEEX Exchange has emerged as a leading global cryptocurrency platform. In just half a dozen years, WEEX has cultivated a thriving user base surpassing 5 million and boasts a daily trading volume exceeding $200 million. Offering over 400 trading pairs and trailblazing zero trading fees for new token launches, WEEX has rightfully earned acclaim across the industry for its innovative approach and unwavering commitment to excellence.

    For more information:
    Website: https://www.weex.com/
    Media Inquiries: market@weexglobal.com
    Customer Support: support@weex.com
    WEEX Exchange WE-Launch: https://www.weex.com/WE-Launch

    Disclaimer: This content is provided by WEEX. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/dc93c429-4e65-4249-9f4c-634c02b9d34d
    https://www.globenewswire.com/NewsRoom/AttachmentNg/aca6bf0d-4001-4b04-a048-161c99e57dd3
    https://www.globenewswire.com/NewsRoom/AttachmentNg/37e8b1bf-b084-4067-b5a3-52dfcc044c72

    The MIL Network

  • MIL-OSI Russia: The International Forum “Russian Energy Week” will present the achievements of the capital’s fuel and energy complex

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    From September 26 to 28, the capital will host the International Forum “Russian Energy Week”. For the first time in seven years, the event will be held at two venues at once. The business program can be visited in the Central Exhibition Hall “Manezh”, and the exhibition of equipment and technologies – in Gostiny Dvor.

    Thus, in Manezh the Moscow Government will present a stand with the achievements of the capital’s fuel and energy complex. The interactive platform will be dedicated to the development of the industry and the use of innovative technologies in it.

    One of the main installations will be an interactive exhibition, thanks to which you can see the appearance of Moscow of the future. Guests will be able to take a quiz, based on the results of which artificial intelligence will generate an image of the city in a few years.

    The stand will also feature a model of the capital, each object of which symbolizes a certain branch of energy or resource supply. When touching the structures, visitors will be able to see videos about the work of fuel and energy complex enterprises, their achievements and development plans. In addition, a 3D model of Moscow will be displayed on the screen, hovering above the ground thanks to the flow of energy.

    Another project is “Elevator to Energy”. An installation simulating a ride in an elevator will introduce modernized thermal power plants, as well as modern electrical substations, gas equipment production, treatment facilities, control centers and communication collectors.

    In addition, guests will be told about the operation of life support systems and shown a visualization of how electricity is transmitted, water flows in pipes, and how digital platforms and control systems function.

    In Gostiny Dvor, the achievements of fuel and energy companies will be presented at the stand of the municipal economy complex. The exposition of enterprises will be of interest to those who want to get to know the industry better. For those who want to find work in this area, information about current vacancies will be posted.

    Thus, JSC “OEK” will recreate a miniature street with smart LED lighting, architectural and artistic lighting, festive illumination and electric charging stations for cars. And GUP “Mossvet” has prepared an interactive exhibition with a screen that demonstrates the organization’s achievements.

    The Mosgaz JSC site is dedicated to the production of gas distribution equipment and heat supply sources. Guests will be presented with models of gas control points, boiler houses and a complex for automating gas distribution systems.

    The main element of the PJSC Mosenergo exposition will be a large multimedia screen, which will show videos about the company’s activities, the operating principles of power plants and environmental protection. In addition, at the information stand, you can learn about the history of the enterprise and its current projects.

    PAO Rosseti Moscow Region will introduce modern equipment and software used in the electric grid complex. Among the exhibits are the OZHUR software package, a model of the new Krasnaya substation, the Electra virtual dialogue office, and others.

    JSC Mosvodokanal will present an exhibition that immerses viewers in the operation of water supply and sanitation systems. An interactive model will allow you to see the movement of water from the water intake to the consumer and back to the water source, and a 3D model of urban development with an augmented reality function will introduce the operation of engineering systems.

    The State Budgetary Institution “IMC” will demonstrate a metrological center for conducting inspections, a system designed for monitoring and servicing common house heat and hot water meters, as well as a unified installation module for metering thermal energy of its own production.

    Only registered participants and delegates of the forum can attend the business program in Manezh. Admission to the exhibition in Gostiny Dvor is free, but a registration.

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

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

    http://vvv.mos.ru/nevs/item/144488073/

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

    MIL OSI Russia News

  • MIL-OSI: The European Investment Fund (EIF) and the Hungarian National Capital Holding (NCH) Launch a €40 Million VC Fund to Strengthen Enterprises with Social and Environmental Impact

    Source: GlobeNewswire (MIL-OSI)

    BUDAPEST, Hungary, Sept. 26, 2024 (GLOBE NEWSWIRE) — The European Investment Fund (EIF) and the Hungarian National Capital Holding (NCH) have launched Impact Ventures III, a €40 million venture capital fund aimed at supporting early-stage, innovative SMEs and startups with positive social and environmental impacts in Hungary and Central Eastern Europe.

    The new fund, which complies with paragraph 8 of the SFDR regulation on sustainability in the financial sector, is being launched in partnership with the National Capital Holding (NCH) and the European Investment Fund (EIF). The fund is once again managed by Impact Ventures Ltd, a specialist in corporate financing for social and environmental purposes, and aims to build on the success of previous investment periods of Impact Ventures I and II VC Funds. The new fund primarily provides VC investment, focusing on niche markets in highly scalable, technology-based key areas such as health and medical technology, education technology, recycling and waste management, as well as clean energy.

    “The successful investment periods of the previous funds demonstrate the need to embrace sustainable business models that deliver significant benefit to society and the environment. It’s a particularly proud moment that EIF has once again chosen us to be their partner in establishing a new VC fund supporting Hungarian and CEE startups,” said Bence Katona, CEO of National Capital Holding.

    “We are very glad to be renewing our collaboration with Impact Ventures and thus contributing to the sustainable development of both the Hungarian and broader European economy. The fund offers a vital new source of financing to a commercially underserved segment of the economy, supporting companies that can ultimately enhance quality of life and environmental protection. Our ongoing collaboration with the National Capital Holding reaffirms that partnerships between EU institutions, the public and private sectors, and financial institutions can serve to accelerate social development and a sustainable economy,” said Roger Havenith, Deputy Chief Executive of EIF.

    In addition to delivering financial returns, the companies are required to achieve measurable social and environmental impacts. To this end, the EIF has developed a unique set of criteria that describes the definition of specific, quantifiable social or environmental objectives for each investment.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/01e85a57-aeaf-46b7-95c9-b254676e6c6a

    The MIL Network

  • MIL-Evening Report: In a new manifesto, OpenAI’s Sam Altman envisions an AI utopia – and reveals glaring blind spots

    Source: The Conversation (Au and NZ) – By Hallam Stevens, Professor of Interdisciplinary Studies, James Cook University

    Ryan Carter Images / Shutterstock

    By now, many of us are probably familiar with artificial intelligence hype. AI will make artists redundant! AI can do lab experiments! AI will end grief!

    Even by these standards, the latest proclamation from OpenAI chief executive Sam Altman, published on his personal website this week, seems remarkably hyperbolic. We are on the verge of “The Intelligence Age”, he declares, powered by a “superintelligence” that may just be a “few thousand days” away. The new era will bring “astounding triumphs”, including “fixing the climate, establishing a space colony, and the discovery of all of physics”.

    Altman and his company – which is trying to raise billions from investors and pitching unprecedently huge datacentres to the US government, while shedding key staff and ditching its nonprofit roots to give Altman a share of ownership – have much to gain from hype.

    However, even setting aside these motivations, it’s worth taking a look at some of the assumptions behind Altman’s predictions. On closer inspection, they reveal a lot about the worldview of AI’s biggest cheerleaders – and the blind spots in their thinking.

    Steam engines for thought?

    Altman grounds his marvellous predictions in a two-paragraph history of humanity:

    People have become dramatically more capable over time; we can already accomplish things now that our predecessors would have believed impossible.

    This is a story of unmitigated progress heading in a single direction, driven by human intelligence. The cumulative discoveries and inventions of science and technology – Altman reveals – have led us to the computer chip and, inexorably, to artificial intelligence which will take us the rest of the way to the future. This view owes much to the futuristic visions of the singularitarian movement.

    Such a story is seductively simple. If human intelligence has driven us to ever-greater heights, it is hard not to conclude that better, faster, artificial intelligence will drive progress even farther and higher.

    This is an old dream. In the 1820s, when Charles Babbage saw steam engines revolutionising human physical labour in England’s industrial revolution, he began to imagine constructing similar machines for automating mental labour. Babbage’s “analytical engine” was never built, but the notion that humanity’s ultimate achievement would entail mechanising thought itself has persisted.

    According to Altman, we’re now (almost) at that mountaintop.

    Deep learning worked – but for what?

    The reason we are so close to the glorious future is simple, Altman says: “deep learning worked”.

    Deep learning is a particular kind of machine learning that involves artificial neural networks, loosely inspired by biological nervous systems. It has certainly been surprisingly successful in a few domains: deep learning is behind models that have proven adept at stringing words together in more or less coherent ways, at generating pretty pictures and videos, and even contributing to the solutions of some scientific problems.

    So the contributions of deep learning are not trivial. They are likely to have significant social and economic impacts (both positive and negative).

    But deep learning “works” only for a limited set of problems. Altman knows this:

    humanity discovered an algorithm that could really, truly learn any distribution of data (or really the underlying “rules” that produce any distribution of data).

    That’s what deep learning does – that’s how it “works”. That’s important, and it’s a technique that can be applied to various domains, but it’s far from the only problem that exists.

    Not every problem is reducible to pattern matching. Nor do all problems provide the massive amounts of data that deep learning requires to do its work. Nor is this how human intelligence works.

    A big hammer looking for nails

    What is interesting here is the fact that Altman thinks “rules from data” will go so far towards solving all humanity’s problems.

    There is an adage that a person holding a hammer is likely to see everything as a nail. Altman is now holding a big and very expensive hammer.

    Deep learning may be “working” but only because Altman and others are starting to reimagine (and build) a world composed of distributions of data. There’s a danger here that AI is starting to limit, rather than expand, the kinds of problem-solving we are doing.

    What is barely visible in Altman’s celebration of AI are the expanding resources needed also for deep learning to “work”. We can acknowledge the great gains and remarkable achievements of modern medicine, transportation and communication (to name a few) without pretending these have not come at a significant cost.

    They have come at a cost both to some humans – for whom the gains of global north have meant diminishing returns – and to animals, plants and ecosystems, ruthlessly exploited and destroyed by the extractive might of capitalism plus technology.

    Although Altman and his booster friends might dismiss such views as nitpicking, the question of costs goes right to the heart of predictions and concerns about the future of AI.

    Altman is certainly aware that AI is facing limits, noting “there are still a lot of details we have to figure out”. One of these is the rapidly expanding energy costs of training AI models.

    Microsoft recently announced a US$30 billion fund to build AI data centres and generators to power them. The veteran tech giant, which has invested more than US$10 billion in OpenAI, has also signed a deal with owners of the Three Mile Island nuclear power plant (infamous for its 1979 meltdown) to supply power for AI. The frantic spending suggests there may be a hint of desperation in the air.

    Magic or just magical thinking?

    Given the magnitude of such challenges, even if we accept Altman’s rosy view of human progress up to now, we might have to acknowledge that the past may not be a reliable guide to the future. Resources are finite. Limits are reached. Exponential growth can end.

    What’s most revealing about Altman’s post is not his rash predictions. Rather, what emerges is his sense of untrammelled optimism in science and progress.

    This makes it hard to imagine that Altman or OpenAI takes seriously the “downsides” of technology. With so much to gain, why worry about a few niggling problems? When AI seems so close to triumph, why pause to think?

    What is emerging around AI is less an “age of intelligence” and more an “age of inflation” – inflating resource consumption, inflating company valuations and, most of all, inflating the promises of AI.

    It’s certainly true that some of us do things now that would have seemed magic a century and a half ago. That doesn’t mean all the changes between then and now have been for the better.

    AI has remarkable potential in many domains, but imagining it holds the key to solving all of humanity’s problems – that’s magical thinking too.

    Hallam Stevens has previously received funding from the Ministry of Education (Singapore), the National Heritage Board (Singapore), the National Science Foundation (USA) and the Wenner-Gren Foundation.

    ref. In a new manifesto, OpenAI’s Sam Altman envisions an AI utopia – and reveals glaring blind spots – https://theconversation.com/in-a-new-manifesto-openais-sam-altman-envisions-an-ai-utopia-and-reveals-glaring-blind-spots-239841

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Are private hospitals really in trouble? And is more public funding the answer?

    Source: The Conversation (Au and NZ) – By Anthony Scott, Professor of Health Economics and Director, Centre for Health Economics, Monash Business School, Monash University

    Monkey Business Images/Shutterstock

    A battle between private hospitals and private health insurers is playing out in public.

    At its heart is how much health insurers pay hospitals for their services, and whether that’s enough for private hospitals to remain viable.

    Concerns over the viability of the private health system have caught the attention of the federal government, which has launched a review into private hospitals that has yet to be made public.

    But are private hospitals really in trouble? And if so, is more public funding the answer?

    Private hospitals vs private health insurers

    Many private hospital operators have reported significant pressures since the start of the COVID pandemic, including staff shortages.

    Inflationary pressures have increased the costs of supplies and equipment, pushing up the costs of providing hospital care.

    Now, private hospitals have publicised their difficult contract negotiations with private health insurers in an attempt to gain support and help their case.

    Healthscope, which runs 38 for-profit private hospitals in Australia, has been threatening to end agreements with private health insurers.

    St Vincent’s, which operates ten not-for-profit private hospitals, announced it would end its contract with nib (one of Australia’s largest for-profit health insurers) but then reached an agreement.

    UnitingCare Queensland, which operates four private hospitals, announced it would end its contract with the Australian Health Service Alliance, which represents more than 20 small and medium non-profit private health insurers. Since then, the two parties have also kissed and made up.

    Why should we care?

    There are three reasons why viability of the private health sector affects us all, regardless of whether we have private health insurance or use private hospitals.

    1. Taxpayers subsidise the private health system

    Australian taxpayers subsidised private health insurance premiums by A$6.3 billion
    (in premium rebates) in 2021–22. Much of this makes its way to private hospitals. Medicare also subsidised fees for medical services delivered for private patients in private and public hospitals to the tune of $3.81 billion in 2023–24.

    But when the going gets tough, the private health sector (both hospitals and health insurers) turns to the government for more handouts.

    So we should be concerned about the value we currently get from our public investment into the private health system, and if more public investment is warranted.

    2. Public hospitals may be affected if private hospitals close

    Calls for greater government support for private health have long argued that a larger private hospital sector would help reduce pressures on the public system.

    Indeed, this was the justification for a series of incentives introduced from the late 1990s to support private health insurance in Australia.

    However, the extent of this is hotly debated. Recent evidence shows higher private health insurance coverage leads to only very small falls in waiting times in public hospitals.

    While it is possible the closure of a few private hospitals might lead some patients to seek care in public hospitals, this shift might not be that large and will not increase waiting times too much.

    3. Fewer private beds, but is that a bad thing?

    If unviable private hospitals close or merge, we’d expect to see fewer
    private hospital beds overall.

    Fewer private hospital beds is not necessarily bad news. Mergers of small private day hospitals, in particular, might make them more efficient and lead to lower costs, which in turn lowers health insurance premiums.

    We might also need fewer private beds. This is due to policies that try to shift health care out of hospitals into the community or the use of
    hospital-in-the-home schemes (where patients receive hospital-type care at home with the support of visiting health staff and/or telehealth). The private health insurers are supporting both.

    If a few small private hospitals close, this reflects the market adjusting to less demand for hospital care. Some of the closures have been for maternity wards but with falling birth rates, this also seems like an appropriate market adjustment.

    Falling birth rates mean less demand for maternity wards.
    christinarosepix/Shutterstock

    What do we know?

    Any objective data about what is happening in the private hospital sector is scarce. This is mainly because the Australian Bureau of Statistics has stopped a compulsory survey of all private hospitals. The latest data we have is from 2016–17.

    Health insurers are the largest payer of private hospitals and hence wield a considerable amount of negotiating power. In 2016–17, almost 80% of private hospitals’ income came from private health insurers. Health insurers have also increasingly become “active” purchasers of health care – not just passively paying insurance claims, but wanting to strike a good deal with private hospitals for their members to keep premiums (and costs) down, and profits high.

    Reports of hospitals closing ignore hospitals that are opening at the same time. But since 2016–17 there are no publicly reported data on the total number of private hospitals in Australia or changes over time.

    The latest figures we have show about half of all hospitals in Australia are private, and of these 62% are for-profit with the rest run by not-for-profit organisations (such as St Vincent’s).

    The main for-profit providers are Ramsay Health Care and Healthscope. Both have operations overseas and were in trouble before the COVID pandemic.

    Fast-forward to 2024 and the recent issues with contract negotiations suggests the financial situation of for-profit private hospitals might not have improved. So this could reflect a long-term issue with the sustainability of the private hospital sector.

    What are the options?

    The private health system already receives large public subsidies. So the crux of the current debate is whether the government should intervene again to prop up the private sector. Here are some options:

    • do nothing and let this stoush play out Closure and mergers of private hospitals might be good if smaller hospitals and wards are no longer needed and patients have other alternatives

    • introduce more regulation Negotiations between small groups of private hospitals and very large dominant private health insurers may not be efficient. If the insurers have significant market power they can force small groups of private hospitals into submission. Some private hospital groups may be negotiating with many different health insurers at the same time, which can be costly. Regulation of exactly how these negotiations happen could make the process more efficient and create a more level playing field

    • change how private hospitals are paid Public hospitals are essentially paid the same national price for each procedure they provide. This provides incentives for efficiency as the price is fixed and so if their costs are below the price, they can make a surplus. Private hospitals could also be funded this way, which could remove much of the costs of contract negotiations with private hospitals. Instead, private hospitals would be free to focus on other issues such as the number and quality of procedures, and providing high-value health care.

    How do we help private hospitals become more efficient? Regulating prices and contract negotiations are a start.
    Kitreel/Shutterstock

    What next?

    Revisiting the regulation of prices and contract negotiations between private hospitals and private health insurers could potentially help the private hospital sector to be more efficient.

    Private health insurers are rightly trying to encourage such efficiencies but the tools they have to do this through contract negotiations are quite blunt.

    As we wait for the results of the review into the private hospital sector, value for money for taxpayers is paramount. We are all subsidising the private hospital sector.

    Anthony Scott has previously received funding from the Medibank Better Health Foundation.

    Terence C. Cheng does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment

    ref. Are private hospitals really in trouble? And is more public funding the answer? – https://theconversation.com/are-private-hospitals-really-in-trouble-and-is-more-public-funding-the-answer-238891

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Export Sector – 2024 ExportNZ DHL Barometer reveals challenges and opportunities in the Business Central region

    Source: Business Central

    2024 ExportNZ DHL Barometer reveals challenges and opportunities in the Business Central region
    The 2024 ExportNZ DHL Barometer, released this week, reveals challenges and opportunities for exporters in the Business Central region, alongside suggestions to boost export growth.
    This year’s survey shows signs of optimism, despite challenging conditions at home and abroad.
    Business Central CEO Simon Arcus says: “These results prove what we know already – exporters in our region are exceptionally resilient, managing to grow export earnings despite the challenges of a sluggish economy and the damage of Cyclone Gabrielle.”
    “I acknowledge the really difficult time that Hawke’s Bay and Gisborne faced in the recent past. It’s a credit to the hard work of businesses in our region that more than half expect their orders to grow,” says Arcus.
    Business Central represents exporters across the lower North Island and Nelson-Tasman through our network partner, ExportNZ. Businesses in the region contribute significantly to New Zealand’s export earnings, primarily through manufacturing and agriculture.
    39% of exporters in the region saw orders increase in the last 12 months. 28% saw a decrease, while 28% saw them stay the same.
    Encouragingly, 54% of businesses expect export orders to increase in the next 12 months.
    But the survey reveals significant cost pressures are restraining export earnings. 78% of respondents saw costs increase in the past 12 months, with the cost of transport and logistics and the price of doing business in New Zealand cited as the biggest barriers to growth.
    There are a number of opportunities to boost exporters through enhanced government support. 43% of respondents in the Business Central region highlighted support for attending trade shows as an opportunity to export more, while 33% cited better access to market research. 29% called for new free trade agreements and better access to R&D.
    Business Central also welcomes the announcement of a new free trade agreement between New Zealand and the United Arab Emirates, which was signed today. 24% of firms in the Business Central region export to the Middle East.
    Joshua Tan, ExportNZ Executive Director, praised the industry’s response to the volatile economic and exporting environment.
    “The current operating environment is difficult to navigate, with persistent challenges connected with the rising cost of doing business. Despite the many challenges, exporters have expressed optimism and confidence in future growth through the survey, which is very encouraging.
    “Given the Government’s goal to double export value within ten years, there are areas where Government support would be valued by exporters – support to help them grow their businesses here in New Zealand and leverage market opportunities overseas,” says Tan.
    Business Central delivers and supports ExportNZ in the Hawke’s Bay and wider Central New Zealand region. It represents 3,500 employers and exporters across the lower North Island, providing advice, training, support, and advocates for policies that reflect the interests of the business community.

    MIL OSI New Zealand News

  • MIL-OSI Economics: Samsung Electronics Showcases Galaxy’s PC-Level Gaming With #PlayGalaxy Cup at TwitchCon San Diego 2024

    Source: Samsung

     
    Samsung Electronics hosted the second #PlayGalaxy Cup at TwitchCon San Diego 2024 on September 21, offering participants a firsthand look at the powerful gaming capabilities of the Galaxy S24 Ultra.
     
    Partnering with global game streaming platform Twitch and game publisher Tencent’s popular battle royale game PlayerUnknown’s Battlegrounds (PUBG) Mobile, Samsung staged a high-stakes showdown for streamers and gamers — proving that a PC isn’t necessary for immersive, thrilling gameplay.
     
    Sixteen of the world’s most popular streamers and professional e-sport gamers were divided into two teams that used PCs and Galaxy S24 Ultra devices for the competition.
     
    Equipped with keyboards and mice, the PC team featured star streamers Ludwig, Cinna and HutchMF as well as e-sport gamer TeeP.
     
    PUBG Mobile pro gamer Xifan and gaming content creators Bella Fox and Wynnsanity were armed with the Galaxy S24 Ultra devices on the mobile team. Thanks to the Qualcomm Snapdragon® 8 Gen 3 chipset, larger vapor chamber for improved heat management and industry-leading Dynamic AMOLED 2X display, the Galaxy S24 Ultra devices offered a new, lag-free gaming experience.
     

     

     
    While 300 fans witnessed the #PlayGalaxy Cup in person, the action was livestreamed globally via Twitch by streamer and former pro gamer NiceWigg — amassing 1.9 million views and more than 42,000 active viewers tuning in at one time. Twitch star Summit1G, one of PUBG Mobile’s partner streamers, also got in on the fun by broadcasting the tournament on his respective channel and captivating audiences around the world.
     
    “I never thought I’d experience such smooth gameplay on a mobile device,” said Farooq Amad of the winning team. “It’s incredible to see the level of gaming that can be achieved on mobile, and the Galaxy S24 Ultra has certainly raised the bar.”
     
    “This competition was designed to show that a PC-level gaming experience is possible on mobile,” said Saejin Kim, Vice President and Head of Marketing Strategy Group, Mobile eXperience Business at Samsung Electronics. “We hope that both PC and mobile gamers enjoy their favorite titles on the Galaxy S24 Ultra.”
     
    With the #PlayGalaxy Cup, Samsung continues to break the boundaries of traditional mobile gaming through thrilling, PC-like performance that brings gamers to the edge of their seats.

    MIL OSI Economics

  • MIL-OSI: Sampo plc’s share buybacks 25 September 2024

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 26 September 2024 at 8:30 am EEST

    Sampo plc’s share buybacks 25 September 2024

    On 25 September 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:                

    Sampo plc’s share buybacks Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares* Market (MIC Code)
      4,141 41.77 AQEU        
      40,636 41.74 CEUX
      1,326 41.78 TQEX
      45,119 41.73 XHEL
    TOTAL 91,222 41.73  

    *rounded to two decimals                

    On 17 June 2024, Sampo announced a share buyback programme of up to a maximum of EUR 400 million in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. On 16 September 2024, the Board of Directors of Sampo plc resolved to increase the share buyback programme to EUR 475 million. The programme, which started on 18 June 2024, is based on the authorisation granted by Sampo’s Annual General Meeting on 25 April 2024.

    After the disclosed transactions, the company owns in total 7,403,567 Sampo A shares representing 1.35 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.

    Details of each transaction are included as an appendix of this announcement.

    On behalf of Sampo plc,
    Morgan Stanley

    For further information, please contact:

    Sami Taipalus
    Head of Investor Relations
    tel. +358 10 516 0030

    Distribution:
    Nasdaq Helsinki
    Nasdaq Stockholm
    Nasdaq Copenhagen
    London Stock Exchange
    The principal media
    FIN-FSA
    DEN-FSA
    http://www.sampo.com

    Attachment

    The MIL Network

  • MIL-OSI Asia-Pac: Speech by SITI at event of “Unleashing Tomorrow, Today at InnoPark” (English only)

    Source: Hong Kong Government special administrative region

    Speech by SITI at event of “Unleashing Tomorrow, Today at InnoPark” (English only)
    Speech by SITI at event of “Unleashing Tomorrow, Today at InnoPark” (English only)
    ******************************************************************************************

         Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the event of “Unleashing Tomorrow, Today at InnoPark” today (September 26):Sunny (Chairman of Hong Kong Science and Technology Parks Corporation (HKSTPC), Dr Sunny Chai), Albert (Chief Executive Officer of HKSTPC, Mr Albert Wong), honourable LegCo Members, Ivan (Commissioner for Innovation and Technology, Mr Ivan Lee), distinguished guests, ladies and gentlemen,     Good morning. I am delighted to join you all today at the event of “Unleashing Tomorrow, Today at InnoPark”. It is my pleasure to witness the launching of the two notable initiatives in InnoPark, namely the High-Performance Computing Service in Tseung Kwan O and the Microelectronics Centre (MEC) in Yuen Long.      A complete innovation and technology (I&T) industry chain has to be backed by industries. We strive to attract and nurture more technology industries of strategic importance conducive to the real and digital economy and promote the development of “new industrialisation” in Hong Kong. Developing AI (artificial intelligence) and microelectronics industries are both our focus.     The Government has been adopting all-round strategy to develop the AI ecosystem. The new High-Performance Computing Service is expected to support the growth of around 300 companies working on AI and data technology in Science Park’s ecosystem and provides them with new insights and discovery in various fields. Together with the new AI Supercomputing Centre in Cyberport, with the first phase facility to start operating this year, the support to the strong local demand for computing power will be further strengthened.     Earlier this year, we obtained the LegCo’s approval for the establishment of the Hong Kong Microelectronics Research and Development Institute (MRDI). As the anchor tenant, the MRDI will make good use of microelectronics-specific infrastructure to be provided by the MEC, including the lightweight workshops and co-working spaces to be commissioned later this year. I also look forward to the timely commissioning of the remaining critical parts, before end of next year to bolster the full support for the microelectronics industry, from design to pilot run and beyond.      Taking this opportunity, I would like to extend my heartfelt gratitude to Hong Kong Science Park for launching these two meaningful initiatives. I look forward to the synergy to be created with other stakeholders to promote the development of emerging industries, including AI and microelectronics, in Hong Kong, and to build a vibrant I&T ecosystem, so as to contribute to the development of “new quality productive force” and high-quality development for our country and Hong Kong. Thank you very much.

     
    Ends/Thursday, September 26, 2024Issued at HKT 13:26

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI: Coinweb Set to Launch Mainnet with over 40 Projects Building on the Interoperable Platform

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Sept. 26, 2024 (GLOBE NEWSWIRE) — Coinweb (https://coinweb.io), a unique interoperable layer 2 platform, connecting Bitcoin, Ethereum and another 7 blockchains, will launch its Mainnet on 30th September. The Web3 industry is siloed with hundreds of blockchain ecosystems reliant on expensive and insecure bridges to exchange assets. Coinweb’s platform allows simple, secure and cost efficient transfers that can truly connect chains and massively improve the user experience across Web3 apps and services.

    Coinweb previously set out its criteria on April 24, which included: 1. Implementation of Refereed delegation of computation (‘RDoC’) into the first dApp going live on the platform, 2. The deployment of further nodes and 3. Resource optimisation upgrades. These features and upgrades enable streamlined deployment of dApps and application layer CWEB utility.

    Mainnet launch is a crucial step toward achieving Coinweb’s vision of unifying blockchains while enabling seamless interoperability across a wide range of networks. The rapid adoption of this approach is evident, with more than 40 projects building native dApps on Coinweb or integrating the platform into existing applications to enhance their performance. The final phase of development prior to launching our Mainnet has been focused on streamlining dApp deployments and improving support for CWEB in the application layer.

    Coinweb is unique in its ability to provide advanced Layer-2 functionality and cross-chain interoperability without introducing an additional consensus layer. By leveraging the consensus systems of underlying blockchains, developers can deploy decentralised applications that are scalable, cost-efficient, and capable of cross-chain interactions. This design ensures high performance, security, and a simplified experience for developers through WASM, without the complexities of managing an additional consensus layer.

    “Web3 has huge untapped potential but the sheer number of chains and complexity of moving assets across them makes onboarding new users and developing a thriving ecosystem a huge challenge. Coinweb’s interoperable network will simplify this hugely by allowing assets to move more freely than ever before,” said Toby Gilbert, Coinweb CEO and co-founder.

    Coinweb has partnered with top Web3 firms including KuCoin to assist teams building on its platform. The 40-plus active projects span DeFi, NFTs, RWA and more including CWAP SWAP, EstateX, Libertum, Morpheus Labs, Voy Finance and many more.

    The already announced builders include: Libertum, CWAP SWAP, Anarchy Games, Flush, Morpheus Labs, TiFi, Orbler, OrangeDX, THX NET, FoundersHub DAO, Academic Labs, SnegBet, Bounty Temple, DerpDex, Cyrator, EstateX, Starbreeders, xPad.Fund, DEGA, Alvara Protocol, Bonsai3, Renovi, Taurus AI, and Voy Finance.

    For more information, visit Coinweb’s website.

    About Coinweb

    The Coinweb Protocol is a groundbreaking Layer 2 cross-chain computation platform that uniquely combines Scalability with Interoperability, setting new standards in the blockchain industry. It enables the seamless operation of decentralised applications across multiple blockchains, effectively merging them into a unified ecosystem.

    About Coinweb Labs

    Coinweb Labs is the main contributor to the Coinweb protocol as well as a design and build consultancy specialising in creating custom-built solutions for decentralised applications. With a focus on innovation and collaboration, Coinweb Labs is dedicated to accelerating the development of projects within the Coinweb ecosystem.

    Social Links

    Discord: https://discord.com/invite/cWSQD3wJqY

    Telegram: https://t.me/coinweb

    X: https://x.com/CoinwebOfficial

    Media contact

    Brand: Coinweb

    Contact: Media team

    Email: support@coinweb.io

    Website: https://coinweb.io

    SOURCE: Coinweb

    The MIL Network

  • MIL-OSI: SEALCOIN AG Announces Final SEALCOIN Timeline, Whitepaper Release, and Tokenomics Details

    Source: GlobeNewswire (MIL-OSI)

    SEALCOIN AG Announces Final SEALCOIN Timeline, Whitepaper Release, and Tokenomics Details

    Geneva, Switzerland – September 26, 2024: WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company operating as a holding company, today announced that its subsidiary Sealcoin AG, which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform, is announcing the final timeline for the SEALCOIN project, including the highly anticipated release of its whitepaper in October 2024. The whitepaper will unveil the strategic vision, technical roadmap, and comprehensive tokenomics of SEALCOIN, marking a major milestone in the platform’s development.

    Key Milestones and Timeline:

    1. Proof of Concept (PoC): Successfully executed on July 25, 2024, demonstrating the platform’s ability to facilitate secure, autonomous IoT transactions.
    2. Pre-Seed Investment: Raised $2 million in mid-2024, positioning SEALCOIN for accelerated growth and development.
    3. FINMA Application: SEALCOIN AG is about to submit its application to the Swiss financial regulator FINMA, ensuring full regulatory compliance as the project advances.
    4. Platform Development: Officially launched in Q3 2024, the SEALCOIN platform’s development is underway, leveraging Hedera Hashgraph technology for enhanced scalability and security.
    5. Platform Production Release and Token Issuance: The SEALCOIN platform will go live, and the token will be officially issued, expected in mid-2025.
    6. Token Listing: SEALCOIN is targeting a digital exchange listing by Q3 2025, to provide liquidity and accessibility for token holders worldwide.

    Whitepaper Release in October 2024

    The SEALCOIN whitepaper, set to be released in October 2024, will provide an in-depth look at the platform’s technical architecture, governance model, and tokenomics. The document will outline SEALCOIN’s approach to enabling secure, decentralized, and autonomous transactions between IoT devices, powered by Hedera Hashgraph. Detailed tokenomics will include the allocation and distribution structure, vesting schedules, and SEALCOIN’s role as both a utility and payment token within the platform.

    The SEALCOIN Platform and Token Beta Version will be released as an MVP (Minimum Viable Product) on Hedera’s TestNet in Q1 2025. This milestone will allow users and developers to test SEALCOIN’s core functionalities in a controlled environment, showcasing the platform’s decentralized transaction capabilities between IoT devices and ensuring the smooth operation of the SEALCOIN token within the ecosystem before the full production release, set in Summer 2025.

    Carlos Moreira, CEO of SEALCOIN AG, commented, “With our PoC successfully completed and development in full swing, we are excited to share our roadmap and vision for the future of IoT transactions. The upcoming whitepaper will provide the community with full transparency on our tokenomics and the strategic steps we’re taking to achieve full decentralization.”

    About SEALCOIN

    SEALCOIN is a decentralized platform designed to facilitate secure, autonomous transactions between IoT devices. Built on Hedera Hashgraph, SEALCOIN allows devices to engage in seamless service-for-payment exchanges without the need for intermediaries. With a focus on privacy, scalability, and decentralized governance, SEALCOIN is poised to revolutionize the Internet of Things (IoT) landscape. 

    About WISeKey 

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

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

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

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

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

    Press and Investor Contacts

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

    The MIL Network

  • MIL-OSI: Capital Markets Day – Solutions30 outlines its 2026 roadmap

    Source: GlobeNewswire (MIL-OSI)

    A European leader in rapid-response, multi-technology fields services, positioned on attractive markets where key players are investing several billions per year

    A >€1 bn Group entering a new phase of its development, prioritizing margins and cash generation and applying strict selectivity and discipline to its operations, particularly on its most mature markets

    Germany emerging as Group’s top performer in terms of growth and profitability and future 3rdpillar alongside France and Benelux, with revenue to triple and reach €150m to €200m by 2026 as a first milestone

    Clear action plan to accelerate diversification in energy transition-related services, expected to triple in size in France by 2026 and to rise sharply in other countries

    Strong focus on margin: adjusted EBITDA margin expected above 10% in all three major geographies by 2026

    Disciplined capital allocation: selective and accretive bolt-on M&A while maintaining a conservative financial policy, based on non-dilutive financing

    Solutions30 is holding today a Capital Markets Day in Paris, where it will present its roadmap for 2026. The presentation is available live through a webcast (see connection details at the end of this press release).

    Gianbeppi Fortis, Chief Executive Officer said: “Over the past 20 years, Solutions30 has consistently demonstrated its ability to grow and replicate its unique business model across technologies and sectors where it makes a difference for its customers. Now, having surpassed €1bn in revenue across nine countries, Solutions30 is entering a new phase of development with clear priorities: to establish Germany as the Group’s third pillar and top-performing region, accelerate diversification into the energy transition-related services, prioritize margins over volumes through strict discipline and contract selectivity particularly in its mature markets, and improve cash generation while maintaining a conservative financial policy. Although our ambition extends far beyond, we are setting an initial milestone for 2026, with concrete action plans and realistic targets, tailored to each of our markets. We are confident that our strategy will drive sustainable, long-term profitable growth.”

    A European leader in rapid-response, multi-technology field services positioned on attractive markets driven by the digital transformation and the energy transition

    Since its inception 20 years ago, Solutions30 has demonstrated its agility to deploy its business model wherever it makes a difference. Originated as a technology company, it has followed technological evolution and captured market opportunities from IT support to telecommunications, then energy.

    Today, Solutions30 operates in 9 countries with 16,000 technicians and revenue over €1bn across 3 verticals: Connectivity (76% of Group revenue), Energy (14%) and Technology (10%). Key European customers on these markets, typically large technology and energy B2B and B2C groups, have announced several billion euros of investment budget per year, with a cumulative c.€50 billion p.a. in the coming years, driven by two strong secular trends that are shaping today’s world: the digital transformation and the energy transition.

    Entering a new phase of development with a clear 2026 roadmap

    Having surpassed the €1 billion revenue mark in 2023, and active in a broad range of markets with different stages of maturity, Solutions30 is entering a new phase of its development. Although its ambition extends far beyond, the Group is setting today an initial milestone for 2026, with concrete, bottom-up action plans and targets defined at regional level, and an over-arching priority given to selectivity and profitability.

    In Benelux, Solutions30 is currently navigating a temporary situation where ongoing negotiations between Belgian telecom service providers aimed at streamlining fiber deployments across the country are causing delays in the Group’s activities and therefore impacting its performance in 2024. However, faced with strong opportunities offered by the early stage of fiber roll-out in Belgium, as well as the massive investments in power grid upgrade across the region, the Group is confident it can capitalize on its strong market positioning and resume its profitable growth trajectory as soon as 2025 (regardless of the outcome of the aforementioned negotiations) and expects adjusted EBITDA margin above 10% by 2026.

    In France, vast opportunities lie ahead in the Energy sector, where the Group has successfully replicated his business model and has emerged as a key partner to its customers. Energy revenue is expected to triple compared to 2023 and reach c. €150 million in 2026. In Connectivity, the Group is working towards stabilization, applying strict contract selectivity and prioritizing margins over volumes, while positioning itself to seize future opportunities like copper decommissioning, which could represent a market size of up to €1 billion per year. Adjusted EBITDA margin, benefitting from the comprehensive transformation plan launched in 2022, is expected to be above 10% by 2026.

    Germany is delivering on its promises, establishing itself as the Group’s top performer in terms of revenue growth, margins and cash flow performance. While the region is on a trajectory to become Solutions30’s third pillar alongside France and Benelux, benefitting from unique market dynamics in both Connectivity and Energy, a first milestone is set in 2026, when Germany’s revenue is expected between €150 million and €200 million, with adjusted EBITDA margin well above 10%. The country should then continue to grow faster than the rest of the Group.

    Across the rest of Europe, Solutions30 has adopted a portfolio management approach, aiming at sustaining Poland’s profitable growth, further improving performance in the UK, and either restoring margin in Italy and Spain by 2026 or initiating a strategic review in these two countries.

    Targeted and selective bolt-on acquisitions as a key growth driver. Since 2009, the Group has leveraged this strategy, successfully completing over 30 acquisitions with a combined annual revenue of approximately €350 million, all financed without any capital increase. Bolt-on M&A will continue to be a central pillar of the Group’s growth strategy and a primary focus for capital allocation, as part of a conservative financial policy that has historically resulted in a very limited leverage ratio, consistently below 2x net debt to adjusted EBITDA, and excludes any dilutive financing instruments.

    Lastly, the Group confirms its 2024 full-year outlook, as detailed in its press release dated September 18th, 2024.

    Beyond 2026, longer-term ambitions

    Building on its strong positioning, the attractiveness of its markets, and the fragmented nature of its competition, Solutions30 believes that, in the long term, it can double in size, with a service portfolio increasingly focused on Energy, and achieve a double-digit adjusted EBITDA margin at the Group level. Upon completion of its 2026 roadmap, Solutions30 will host another Capital Markets Day to set objectives for the next milestone.

    Sustainability at the heart of Solutions30’s business

    A significant portion of Solutions30’s activities act as enablers of the energy transition. 8% of the Group’s revenue is aligned with the EU Taxonomy for sustainable activities, including installation and maintenance of Smart meters, photovoltaic panels, EV chargers and grid services, as well as reutilization and refurbishment of IT equipment. Internally, the Group has defined a comprehensive ESG strategy, translated into concrete objectives for 2024, which will be complemented by 2030 carbon emissions reduction targets for Scope 1, 2 & 3 through the SBTi process (validation expected by the end of 2024).

    Webcast for investors and analysts

    Date: Wednesday, September 26, 2024
    8:30 PM (CET) – 7:30 PM (GMT)

    Speakers:
    Thomas Kremer, Member of the Supervisory Board
    Gianbeppi Fortis, Chief Executive Officer
    Amaury Boilot, Group General Secretary
    Luc Brusselaers, Chief Revenue Officer
    Wojcieh Pomykala, Chief Operations Officer
    Katarzyna Kuszewska, Group Head of Legal
    Denis Coleu, Groupe HR Director
    Jonathan Crauwels, Chief Financial Officer
    Nathalie Duchesne, Group Head of ESG, Risk & Compliance

    Connection details:

    Webcast in English: https://solutions30.capital-markets-day.eu/

    Upcoming events

    Q3 2024 Revenue Report November 4, 2024 (after market close)

    About Solutions30 SE

    Solutions30 provides consumers and businesses with access to the key technological advancements that are shaping our everyday lives, especially those driving the digital transformation and energy transition. With its network of more than 16 000 technicians, Solutions30 has completed over 65 million call-outs since its inception and led over 500 renewable energy projects with a combined maximum output surpassing 1600 MWp. Every day, Solutions30 is doing its part to build a more connected and sustainable world. Solutions30 has become an industry leader in Europe with operations in 10 countries: France, Italy, Germany, the Netherlands, Belgium, Luxembourg, Spain, Portugal, the United Kingdom, and Poland.
    The capital of Solutions30 SE consists of 107,127,984 shares, equal to the number of theoretical votes that can be exercised. Solutions30 SE is listed on the Euronext Paris exchange (ISIN FR0013379484- code S30). Stock indexes: CAC Mid & Small | CAC Small | CAC Technology | Euro Stoxx Total Market Technology | Euronext Tech Croissance.
    Visit our website for more information: http://www.solutions30.com

    Contact

    Individual Shareholders:
    shareholders@solutions30.com – Tel: +33 (0)1 86 86 00 63

    Analysts/investors:
    investor.relations@solutions30.com

    Press – Image 7:
    Charlotte Le Barbier – Tel: +33 6 78 37 27 60 – clebarbier@image7.fr

    Attachment

    The MIL Network

  • MIL-OSI USA: Durbin Introduces Protect Your Points Act

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    09.26.24
    The new bill would amp up consumer protections by requiring greater transparency from airlines’ frequent flyer programs
    WASHINGTON – U.S. Senate Majority Whip Dick Durbin (D-IL) introduced the Protect Your Points Act, legislation that would strengthen consumer protections by requiring greater transparency from airlines’ frequent flyer, points, and loyalty programs.  The Protect Your Points Act will give the U.S. Department of Transportation (DOT) and the Consumer Financial Protection Bureau (CFPB) explicit authority to ensure that airlines do not bait and switch consumers by offering them an enticing rewards program, only to downgrade points or miles value without notice.
    As it stands, airlines have little oversight in how they conduct their frequent flyer programs.  Thousands of frustrated consumers have registered complaints about the airlines on the Better Business Bureau’s website, including instances of their points being devalued, being unable to purchase tickets using their earned points because of airline loopholes, or the airlines delaying or flat-out denying their promised rewards.
    “I understand the practicality of airline rewards programs—I’m a participant myself.  But without adequate oversight, airlines are taking advantage of their customers by offering grandiose rewards, only to change the terms and conditions without consumers’ knowledge,” Durbin said.  “My new legislation, the Protect Your Points Act, would require one thing from the airlines – transparency. To be clear, my bill would not eliminate your airline rewards programs or regulate the value of your points or miles.  My bill only requires the airlines to play fair.  If these programs are as valuable to consumers as the airlines claim they are, the airlines should have no trouble taking these simple steps to make them more transparent.”
    Specifically, the Protect Your Points Act would give DOT and CFPB the authority to:
    Prohibit airlines from including provisions within their frequent flyer programs’ and airline co-branded credit cards’ terms of service that reserve their right to make changes at any time without notice to consumers, and instead require them to provide at least one year’s notice to consumers of any changes to these terms of service, or any actions that would devalue or jeopardize accrued points;
    Require airlines, within 90 days of enactment, to prominently display on every page of their website a disclosure of the financial value of one point/mile, updated in real time, so that consumers may more easily compare the value of points across different airlines;
    Require airlines, within one year of enactment, to display airfare and add-on pricing concurrently in dollar value and points/miles value, without consumers needing to alternate between the two, so consumers can easily compare the worth of their points.  Further, it would allow consumers to pay for airfare and add-on services in any combination of points or dollars; 
    Ban junk fees related to points/miles by ensuring that consumers are allowed to transfer points to family members or other participants in the same program, and prohibit airlines from charging fees to do so;
    Prohibit airlines from limiting the number of points/miles that can be transferred to another traveler’s account and ensure that any points/miles remain of equal value once transferred; and
    Prohibit accrued points/miles from expiring.
    Durbin has repeatedly called out the airline industry for its unfair and deceptive practices in their frequent flyer and loyalty programs.  In May, Durbin urged U.S. Secretary of Transportation Pete Buttigieg to implement oversight on the airlines.  Last October, Durbin wrote to DOT and CFPB, requesting information from the agencies about actions they are taking to protect consumers from airlines’ deceptive and unfair practices. 
    Text of the bill is available here.
    -30-

    MIL OSI USA News

  • MIL-OSI USA: Shapiro-Davis Administration Spotlights Major Investments in Workforce Development, Expanded Job Training, and Vo-Tech Initiatives at Beaver County Career & Technology Center

    Source: US State of Pennsylvania

    September 26, 2024Monaca, PA

    Shapiro-Davis Administration Spotlights Major Investments in Workforce Development, Expanded Job Training, and Vo-Tech Initiatives at Beaver County Career & Technology Center

    Lieutenant Governor Austin Davis joined Representative Robert Matzie and Congressman Chris Deluzio at Beaver County Career & Technology Center (BCCTC) to meet with students and staff, tour the center, and talk about how the Shapiro-Davis Administration’s investments in workforce development – including career and technical education (CTE), apprenticeship programs, and job training – are giving Pennsylvanians the freedom to chart their own course.

    The 2024-25 budget provides a $30 million increase for career and technical education (CTE) and equipment, along with an additional $2 million for the first time ever for nursing apprenticeships. The Shapiro-Davis Administration is focused on investing in all paths to success for students – from college and continuing education to vo-tech and apprenticeship programs – opening the doors of economic opportunity and building on critical investments made last year. Governor Shapiro and Lieutenant Governor Davis have worked with a bipartisan group of legislators to increase funding for workforce development by $61 million in their first two years in office – a more than 50 percent increase.

    “Since day one, I have been committed to delivering results for the people of Pennsylvania by addressing our most pressing challenges and bringing together Democrats and Republicans to get stuff done,” said Governor Shapiro. “I’m proud of the historic investments we’ve made in job training, apprenticeship programs, and career and technical education, as these initiatives pave the way to economic opportunity and empower Pennsylvanians to shape their own futures. My Administration values skills and experience, recognizing that everyone’s path is different, and ensuring that every Pennsylvanian has the opportunity to succeed.”

    List of Speakers:
    Laura Delvecchio, Administrative Director at BCCTC
    David Liptak, Carpentry Instructor at BCCTC
    Rep. Robert Matzie
    Sen. Elder Vogel
    Congressman Chris Deluzio
    Karleigh Matscherz, Student BCCTC
    Lieutenant Governor Austin Davis

    MIL OSI USA News

  • MIL-OSI USA: IAM Members Win Strong New Contract with Schneider Electric

    Source: US GOIAM Union

    Nearly 200 IAM Union members have ratified a new three-year master agreement with Schneider Electric, an energy management and automation company.

    The national agreement covers IAM Local 831 in Cedar Rapids, Iowa; Local 2574 in Huntington, Ind.; and Local 619 in Lexington, Ky. The contract also covers members of the International Brotherhood of Electrical Workers (IBEW) and the International Brotherhood of Teamsters (IBT).

    Highlights include annual base general wage increases of over 11% compounded over the three-year agreement, while lower tiers will receive over 18% compounded over the three-year agreement. The contract continues the current healthcare cost share and cost-of-living allowance. It also provides for 401(k) contributions and paid family leave.

    “IAM Union members have secured a strong future at Schneider Electric, ratifying a new three-year master agreement,” said IAM International President Brian Bryant. “The deal ensures annual wage increases, maintains healthcare cost-sharing, and enhances benefits like 401(k) contributions and paid family leave. This contract is a victory for working families, protecting their livelihoods while supporting their long-term well-being.”

    “This agreement represents a powerful commitment to our members’ futures, delivering wage growth, stable healthcare costs, and enhanced benefits,” said IAM Collective Bargaining Department Director Craig Norman. “This is the best Master Agreement the unions have obtained in over twenty years of negotiations, and it comes through the solidarity of the membership from the floor.” 

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    MIL OSI USA News

  • MIL-OSI USA: Governor Shapiro Hosts Ceremonial Bill Signing in Berks County to Highlight New Tax Cuts Supporting Pennsylvania Families and Small Businesses

    Source: US State of Pennsylvania

    September 25, 2024Reading, PA

    Governor Shapiro Hosts Ceremonial Bill Signing in Berks County to Highlight New Tax Cuts Supporting Pennsylvania Families and Small Businesses

    Governor Josh Shapiro visited the Second Street Learning Center, where he met with children, staff, and business and legislative leaders to host a ceremonial bill signing for the recent tax cuts included in the 2024-25 bipartisan budget, aimed at lowering costs for Pennsylvania families and small businesses. The Center, which cares for children ranging from 6 weeks to 13 years old, is a vital resource in the Reading community, offering essential childcare services to low-income families.

    With annual childcare expenses ranging from $9,000 to $13,000 – over 15 percent of a median household’s income – many families are feeling the financial strain. According to the U.S. Chamber of Commerce, the lack of affordable, reliable childcare costs Pennsylvania’s economy $3.47 billion each year in lost earnings, productivity, and tax revenue.

    Since taking office, Governor Shapiro has brought Republicans and Democrats together to save Pennsylvanians money by cutting taxes at least four times. In the 2024-25 budget, Governor Shapiro secured a new Employer Child Care Contribution Tax Credit, which is designed to help businesses grow while reducing childcare costs for working families.

    Speaker list:
    Modesto Fiume, President, Opportunity House
    Lucine Sihelnik, President, Greater Reading Chamber Alliance
    Representative Johanny Cepeda-Freytiz
    Senator Judy Schwank
    Jennifer Stepp, Lead Teacher, Second Street Learning Center
    Governor Josh Shapiro

    MIL OSI USA News

  • MIL-OSI USA: CFTC Orders CHS Hedging, LLC, To Pay $650,000 for Recordkeeping and Unauthorized Trading Violations

    Source: US Commodity Futures Trading Commission

    — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against CHS Hedging, LLC, a Minnesota based futures commission merchant, for recordkeeping deficiencies and failure to obtain customer authorizations before entering trades for customers.

    The order requires CHS Hedging, LLC, to pay a $650,000 civil monetary penalty. The respondent admits the facts related to its recordkeeping deficiencies as detailed in the order and is ordered to cease and desist from further violations of the Commodity Exchange Act and CFTC regulations, as charged. In accepting CHS’s Offer, CFTC recognizes CHS’s self-reporting and cooperation in connection with this Division of Enforcement’s investigation.

    Case Background

    The order finds from June 21, 2019, to Sept. 2, 2023, CHS used at least three different recording platforms to make or keep audio recordings of communications by its associated persons (APs) with CHS customers. At various points during that time, these platforms suffered from deficiencies or other issues resulting in CHS’s failure to make or keep approximately 3,000 audio recordings of its APs calls with CHS customers. These calls would have included communications concerning quotes, solicitations, bids, offers, instructions, trading, and/or prices leading to transactions in commodity interests.

    Additionally, the order finds during this time, CHS, through three of its APs, placed 75 trades for seven customers without a power of attorney and without obtaining specific information from customers about the quantity and/or precise commodity interest to be purchased or sold.

    The order also acknowledges CHS’s representations concerning its remediation in connection with this matter.

    The Division of Enforcement staff responsible for this matter are James Deacon, Alison Wilson, and Rick Glaser.

    MIL OSI USA News

  • MIL-OSI USA: CFTC Requests Public Comment on a Rule Certification Filing by KalshiEX LLC

    Source: US Commodity Futures Trading Commission

    — The Commodity Futures Trading Commission is requesting public comment on a rule certification filing by KalshiEX LLC, which would amend its rulebook to include rules for a request for quote functionality and amendments to its prohibited transactions rule. Comments must be submitted on or before Oct. 28, 2024.

    The Division of Market Oversight has determined to stay Kalshi Submission No. 2409-1100-4224-55, dated September 11, 2024, pursuant to Section 5c(c)(2) of the Commodity Exchange Act (CEA) and § 40.6(c)(1) and § 40.7(a)(2) of the CFTC’s regulations. As set forth in the stay notification letter, this determination was made because the submission presents novel or complex issues that require additional time to analyze and is potentially inconsistent with the CEA or the CFTC’s regulations. The CFTC has 90 days to review the submission, until the end of Dec. 23, 2024.

    The public comment period opens on Sept. 26, 2024 and closes on Oct. 28, 2024. Comments may be submitted electronically through the CFTC’s comments online process. All comments will be posted on CFTC.gov. The Kalshi submission is available under Industry Filings.

    MIL OSI USA News

  • MIL-OSI USA: UPDATE: Weather closing FEMA W.Va. Disaster Recovery Centers

    Source: US Federal Emergency Management Agency

    Headline: UPDATE: Weather closing FEMA W.Va. Disaster Recovery Centers

    UPDATE: Weather closing FEMA W.Va. Disaster Recovery Centers

    Sept. 26, 2024
    DR-4787-WV MA-011
    FEMA News Desk: 215-931-5597
    FEMAR3NewsDesk@fema.dhs.gov

    Media Advisory

    Weather closing FEMA W.Va. Disaster Recovery Centers 

    CHARLESTON, W.Va. – The state-federal Disaster Recovery Centers in Boone and Roane counties will be closed Friday, Sept. 27, because of forecast inclement weather.

    The centers are located at:

    Boone County Disaster Recovery Center

    Madison City Hall

    255 Washington Ave.

    Madison, WV 25130

    Hours of operation:

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

    Closed Sundays

    Closed Friday, Sept. 27, 2024

    Roane County Mobile Disaster Recovery Center

    Old National Guard Armory Parking Lot

    206 E Main St.

    Spencer, WV 25276

    Hours of operation:

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

    Closed Sundays

    Closed Friday, Sept. 27, 2024

    Pending any effects from the weather, the centers are scheduled to reopen at 8 a.m., Saturday, Sept. 28.

    Survivors do not have to visit a disaster center to register with FEMA. They can call 800-621-FEMA (3362). The toll-free telephone line operates from 7 a.m. to 11 p.m., seven days a week. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. They can also go online to DisasterAssistance.gov or download the FEMA app on their smartphone.

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

    For more information on West Virginia’s disaster recovery, visit emd.wv.gov, West Virginia Emergency Management Division Facebook page,www.fema.gov/disaster/4787 and www.facebook.com/FEMA.

    ###

    FEMA’s mission is helping people before, during and after disasters. FEMA Region 3’s jurisdiction includes Delaware, the District of Columbia, Maryland, Pennsylvania, Virginia and West Virginia.

    Follow us on X at x.com/FEMAregion3 and on LinkedIn at linkedin.com/company/femaregion3.

    Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency or economic status. If you or someone you know has been discriminated against, call FEMA toll-free at 833-285-7448. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. Multilingual operators are available (press 2 for Spanish and 3 for other languages).

    issa.mansaray

    MIL OSI USA News

  • MIL-OSI USA: Slotkin Highlights Bipartisan Wins in Speech on House Floor

    Source: United States House of Representatives – Congresswoman Elissa Slotkin (MI-08)

    WASHINGTON, D.C. – U.S. Rep. Elissa Slotkin (MI-07) took to the House floor today to highlight the passage of three bipartisan bills she championed and call for bipartisan congressional action on additional legislative priorities. This week, the House passed the Customs Trade Partnership Against Terrorism Pilot Program Act, IMPACTT Human Trafficking Act, and Building Chips in America Act, which are now set to be signed into law.

    Slotkin also called upon her colleagues to work in a bipartisan way on legislation pertaining to other outstanding legislative priorities. She urged Congress to support the Department of Commerce’s efforts to restrict the import of advanced vehicles manufactured by China and pass a bipartisan Farm Bill and National Defense Authorization Act.

    “These bills are evidence that we do not need to be at each other’s throats. In fact, being at each other’s throats is principally against the mission of what it means to be a Representative. It means you’re not getting work done. It means you’re doing things for political posturing. It means that you care more about making a statement that makes the news or goes viral on Twitter than you are about actually moving the ball down the field for your constituents,” said Slotkin. “I hope that when Congress returns in November, and when a new Congress is sworn in next year, we can learn that basic lesson. We do our best work when we work together – even when it’s hard.”

    Slotkin full remarks on the House floor can be found HERE

    A transcript of Slotkin’s remarks as delivered can be found HERE

    The bipartisan Customs Trade Partnership Against Terrorism Pilot Program Act would cut red tape for companies that transport goods across our borders by allowing more freight and warehouse companies to participate in Customs and Border Protection’s CTPAT program. 

    Through partnership between supply chain leaders and the federal government, the CTPAT program expedites freight through the country, reducing disruptions in international trade and supply chains while keeping the border secure.

    Slotkin introduced the bill, which is co-led by Reps. Rob Menendez (NJ-08), Mariannette Miller-Meeks (IA-01), and Morgan Luttrell (TX-08). Its Senate companion is led by Sens. Tom Carper (D-DE), Maggie Hassan (D-NH), James Lankford (R-OK), and John Cornyn (R-TX). 

    The bipartisan IMPACTT Human Trafficking Act would ensure survivors of human trafficking and law enforcement officers working to combat these terrible crimes receive the resources and support they need.

    The bill would make permanent and expand the Homeland Security Investigations Victim Assistance Program that helps provide support and services to individuals impacted by human trafficking. It would also make permanent the Investigators Maintain Purposeful Awareness to Combat Trafficking Trauma (IMPACTT) Program which supports the employees and partners who are exposed to repeated stress through their work combating these crimes. 

    Slotkin is an original co-sponsor of the bipartisan legislation, which is led by Rep. Dave Joyce (OH-14) and co-led by Ann Wagner (MO-02) and Dina Titus (NV-01). Its Senate companion is led by Sens James Lankford (R-OK) and Gary Peters (D-MI). 

    The bipartisan Building Chips in America Act, of which Slotkin is a cosponsor, would streamline approval processes for domestic semiconductor manufacturing projects that receive funding through the bipartisan CHIPS and Science Act.

    And on Monday, the Department of Commerce announced a new proposed rule to restrict the import of advanced, connected vehicles manufactured by China that pose a risk to U.S. national security. Slotkin applauded the announcement, and called upon Congress to pass her legislation that would strengthen America’s ability to address the threat posed by these vehicles.

    MIL OSI USA News

  • MIL-OSI Canada: Joint statement by Prime Minister Trudeau and President Macron

    Source: Government of Canada – Prime Minister

    We, Prime Minister of Canada Justin Trudeau and President of the French Republic Emmanuel Macron, reaffirm, here in Ottawa, the strong bond between Canada and France. This meeting reflects the importance of our historical and cultural ties and the enduring friendship between our nations that is rooted in a shared history, a common language and the values that drive what we do. 

    We also enjoy a strong trade relationship. Together, we are working to promote sustainable and inclusive economic growth, as well as a transparent, rules-based multilateral trade system. Since the provisional implementation of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) in 2017, trade between Canada and France has grown significantly (over 53% for Canadian exports and nearly 46% for French exports in the span of seven years). Our bilateral trade helps to make life more affordable for our citizens and create good jobs on both sides of the Atlantic.

    In an international context marked by many different overlapping and mutually reinforcing crises, our two countries are determined to protect fundamental democratic principles in the face of authoritarian, populist and hateful ideologies. We stand up for human rights, fairness, and the rule of law, with due respect for international law and state sovereignty.

    Canada and France are facing foreign information manipulation and interference operations. Canada and France will strengthen their exchanges to effectively respond to these threats. In particular, Canada and France will work closely within the Organisation for Economic Co-operation and Development (OECD) to create tools to guide countries in developing public policy focused on strengthening information integrity. In addition, through fora such as the G7 Rapid Response Mechanism (RRM) and the Forum on Information & Democracy, we are also developing collective approaches to counter other threats to democracy and will continue to advance these objectives in our successive G7 presidencies in 2025 and 2026.

    Enhancing our bilateral cooperation 

    This year, we commemorated the sacrifices made by Canadians, the French and our Allies on the 80th anniversary of the Normandy landing. We will work to step up our bilateral cooperation in security and defence in order to improve our ability to respond to geopolitical crises. To that end, the Canada-France Declaration on a Stronger Defence and Security Partnership, which we are announcing today, will enable us to provide more effective support to Ukraine in the face of Russian aggression, contribute to regional stability and security in the Indo-Pacific, strengthen our cooperation in modernizing our armed forces, and combat foreign information manipulation and interference. 

    To support French and Canadian citizens around the world, we also wish to strengthen our cooperation with respect to emergency preparedness and crisis management. We applaud the work of Canada’s Emergency Watch and Response Centre and France’s Centre de crise et de soutien in this area.

    Fighting climate change and protecting the ecosystems and environment

    In response to the triple planetary crisis of climate warming, biodiversity loss, and pollution, we will continue to step up our cooperation, particularly in the fight against climate change and ocean protection. We will do this through our bilateral and multilateral actions, in line with the France-Canada Partnership, which was renewed in April, in which we pledged to work together, in particular to implement the Kunming-Montreal Global Diversity Framework and to strengthen our climate and energy commitments, as well as our shared commitment to adopting a legally binding international agreement to address plastic pollution.

    Our Canada-France Declaration on the Ocean speaks to our readiness to put oceans at the heart of the bilateral and international agenda—with recognition of their critical role in the environmental and climate balance—in preparation for the June 2025 UN Ocean Conference in Nice. We also underscore their importance in providing food and energy sources, a vector for economic exchanges, and a vital link between countries and communities. The Prime Minister and the President also emphasized their commitment to working together in the fisheries sector, as demonstrated by the recent agreement reached on the Atlantic halibut fishery.

    Our two countries will also pursue their political commitment towards the adoption of a legally binding treaty to put an end to plastic pollution that meets our peoples’ expectations, with ambitious measures throughout the life cycle of plastic, from production to waste management. 

    To keep the Paris Agreement’s 1.5 °C target within reach, we will accelerate efforts on operationalizing the global stocktake’s decision on transitioning away from fossil fuels, including in the context of our G7 presidencies. We will continue to work with determination to align financial flows with the Paris Agreement, in particular by disclosing climate change risks and phasing out fossil fuel subsidies. We will continue our work together to expand the scope and use of carbon market instruments, while supporting countries that are interested in implementing these instruments.

    Canada is pleased to join France and the many countries that support The Paris Pact for People and the Planet (4P) in responding to the dual challenge of combatting poverty and preserving the planet. Further, to encourage increased funding in support of sustainable development, our two countries will continue to participate actively in the United Nations Secretary-General’s SDG Stimulus Leaders’ Group.

    Our responses to energy security concerns will aim to secure long-term energy supply in keeping with our climate objectives, and in a manner that ensures continued prosperity for both of our countries. Building on the Joint Statement Between Canada and France on Nuclear Energy Cooperation of fall 2023, we are working together to step up civil nuclear cooperation between our two countries, with a focus on identifying project funding solutions and upgrading skills and training for the trades. We will also work to accelerate the global phase-out of coal through our support for the Powering Past Coal Alliance and the Coal Transition Accelerator. 

    Recognizing the key role of critical minerals in supporting a green and digital economy, our two countries will work on the need to explore opportunities for joint investment in critical minerals projects, with the aim of securing their respective value chains. Canada and France are also founding members of the Sustainable Critical Minerals Alliance, which aims to promote on a global scale sustainable and socially inclusive mining, processing and recycling practices, and responsible critical minerals supply chains. We will continue to work with like-minded countries to reaffirm these values. Lastly, Canada and France will work together to develop low-carbon, efficient, sustainable and resilient transportation systems, whether in the aviation, rail or marine sectors.

    Embracing artificial intelligence responsibly

    Canada and France consider science and technology to be important levers for meeting the major challenges of the 21st century. We are mindful of the importance of developing a responsible approach to artificial intelligence (AI) that takes into account both risks and benefits, as demonstrated in the joint launch of the Global Partnership for Artificial Intelligence in 2020. The Canada-France Declaration on Artificial Intelligence published today reiterates our commitment to responsible, safe AI that respects human rights and democratic values. To promote and support scientific research in the field of AI, we welcome the recent call for proposals from last July for new funding, launched under the auspices of the Joint Committee on Science, Technology and Innovation uniting our two countries. 

    Expanding Canada-France collaboration in all areas of AI, we will further our work together at the AI Action Summit, to be hosted by France on February 10 and 11, 2025. With a view to promoting outreach and cooperation between our companies and business organizations and providing solutions, Canada is proud to announce that it will be Country of the Year at VivaTech 2025 in Paris. Responsible use of AI can create economic benefits for everyone, and adopting it can increase economic productivity and growth, for the benefit of all workers and businesses.

    In addition, our two countries will continue to work together to establish a digital dialogue on platform governance and ensure that AI is designed, developed, and deployed ethically and in compliance with copyright. This would allow us to recognize the important shared challenges in the digital space that have a considerable impact on the strength and health of culture and media in Canada and France.

    Promoting the French language throughout the world

    Canada and France reaffirm their support for the promotion of French and for the institutions of La Francophonie, and they commit to concluding a Canada-France Memorandum of Understanding on the Cité Internationale de la Langue Française on the margins of the upcoming Francophonie Summit in Villers-Cotterêts and Paris, France, on October 4 and 5. With our partners in the Organisation internationale de la Francophonie, we will support linguistic and cultural diversity, peace, democracy, and human rights. The Summit will also provide an opportunity to strengthen education, research, and innovation in French, as well as economic and digital cooperation for sustainable development. 

    Addressing geopolitical challenges

    We reiterate our strongest condemnation of Russia’s more than 900-day war of aggression in Ukraine. In the face of this war, which jeopardizes the security of the entire Euro-Atlantic region, we reaffirm our unwavering support for Ukraine in all areas, for as long as it takes. We continue to work towards a comprehensive, just and lasting peace based on international law, and in particular the principles of Ukraine’s sovereignty and territorial integrity within its internationally recognized borders. In line with the NATO Washington Summit Declaration, we will continue to deepen our support for Ukraine, to give it the means to defend itself and deter Russian aggression. We are pursuing our efforts to support Ukraine in its reform process, notably in the fields of justice, the fight against corruption, and promotion of the rule of law. We also underscore the efforts of the International Coalition for the Return of Ukrainian Children, co-chaired by Canada with the participation of France. Finally, we are committed to helping to operationalize the agreement reached at the G7 Summit in Apulia to leverage immobilized Russian sovereign assets for the benefit of Ukraine.

    We also condemn in the strongest possible terms the October 7 massacres perpetrated by Hamas against Israel, and recognize Israel’s right to defend itself in accordance with international law and international humanitarian law. We are extremely concerned by the humanitarian catastrophe in Gaza and by the appalling situation of the civilian population, which has been repeatedly displaced within the country and is unable to meet its most basic needs. Canada and France therefore call for an immediate ceasefire, the release of all hostages, and the unfettered access of humanitarian aid to Gaza. Canada and France support the two‑state solution, which includes the creation of a Palestinian state, living in peace and security, alongside the State of Israel.

    We also wish to maintain our support for Haiti, to help re-establish security, the rule of law, and democracy. While we remain concerned about the humanitarian and security situation there, we are nevertheless pleased to note the progress made, including the establishment of the Transitional Presidential Council, a Prime Minister and a Cabinet of Ministers. We also welcome the fact that the creation of the Provisional Electoral Council is well underway. We are committed to supporting preparations for free, fair, and transparent elections. Canada and France will continue to work closely together to support the Haitian National Police, the Multinational Security Support Mission, and the strengthening of the justice sector and the fight against corruption and financial crime. 

    In the Indo-Pacific region, our two countries will study the deployment of joint patrol missions in the future, and will maintain their participation in multilateral exercises. To this end, our two countries will work on the possibility of integrating Canadian support into the deployment of the Charles de Gaulle aircraft carrier.

    Coordinating our successive 2025 and 2026 G7 presidencies

    We will strengthen strategic coordination between our governments in the context of our bilateral and multilateral exchanges, and with a view to our successive G7 presidencies in 2025 and 2026. We are determined to meet today’s global challenges, guided by our shared desire to build a better future based on our common values, and supported by the rich and dynamic relationship between our two countries.

    MIL OSI Canada News

  • MIL-OSI USA: Warner Celebrates Congressional Passage of Legislation to Combat Alzheimer’s

    US Senate News:

    Source: United States Senator for Commonwealth of Virginia Mark R Warner

    WASHINGTON — This week, U.S. Sen. Mark R. Warner (D-VA), co-chair of the Congressional Task Force on Alzheimer’s Disease, applauded House passage of two bipartisan bills he introduced that would cement and build on the important progress that has been made to prevent and effectively treat Alzheimer’s disease. The National Alzheimer’s Project Act (NAPA) Reauthorization Act and the Alzheimer’s Accountability and Investment Act (AAIA) now head to the president’s desk to be signed into law.  

    Nearly seven million Americans are living with Alzheimer’s. Alzheimer’s costs our nation an astonishing $360 billion per year, including $231 billion in costs to Medicare and Medicaid. If we continue along this trajectory, the number of people age 65 and older with Alzheimer’s may grow to a projected 12.7 million and approach $1 trillion in annual costs by 2050. Family caregivers provide 18 billion hours of unpaid care for loved ones with dementia annually, valued at nearly $347 billion.

    “I know from firsthand experience what a devastating illness Alzheimer’s disease is, as I watched my mother battle with it for a decade before her passing,” Sen. Warner said. “While we’ve made great strides in research, there is still so much work to be done to find effective ways to prevent and treat Alzheimer’s. On behalf of the millions of American families who have been touched by Alzheimer’s, I’m glad to see these two bills head to the president’s desk to be signed into law.”

    The NAPA Reauthorization Act would:

    • Reauthorize NAPA through 2035 and modernize the legislation to reflect strides that have been made to understand the disease, such as including a new focus on promoting healthy aging and reducing risk factors; and
    • Update language in recognition of the need to include underserved populations, including individuals with Down syndrome, who are at increased risk for Alzheimer’s as they age.

    The Alzheimer’s Accountability and Investment Act would:

    • Continue through 2035 a requirement that the Director of the National Institutes of Health submit an annual budget to Congress estimating the funding necessary to fully implement NAPA’s research goals. Only two other areas of biomedical research – cancer and HIV/AIDS – have been the subject of special budget development aimed at speeding discovery.

    Along with Sen. Warner, both bills were co-authored by Sens. Susan Collins (R-ME) and Ed Markey (D-MA).

    The NAPA Reauthorization Act and Alzheimer’s Accountability and Investment Act are endorsed by the Alzheimer’s Association and UsAgainstAlzheimer’s. The NAPA Reauthorization Act is also endorsed by the National Down Syndrome Society, the National Down Syndrome Congress, and LuMind IDSC Foundation. 

    MIL OSI USA News

  • MIL-OSI USA: McConnell, Warner Introduce Vital Bill To Support Bourbon Production And Environment

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell
    WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) and U.S. Senator Mark R. Warner (D-VA) announced today the introduction of the White Oak Resilience Act of 2024, which will mobilize greater federal resources and direct research into safeguarding our nation’s White Oak tree population.
    White Oak trees are vital to the environmental ecosystem, as well as several trademark American industries, like bourbon and furniture production. Considered the most important hardwood tree in the eastern United States, White Oak trees provide sustenance and shelter for a host of wildlife species across the country.
    White Oak trees can take up to 25 years to reach full maturity, but a lack of seedlings has created an impending shortage that threatens the future of this species and the billions of dollars in economic impact they generate nationwide. This bipartisan legislation will help reverse the depletion of this iconic tree and address the threat its extinction poses to the American economy.
    “Kentucky bourbon is synonymous with the White Oak tree, used to age our state’s signature spirit in its wooden barrels. As we face an impending White Oak shortage, I’m proud to introduce bipartisan legislation that will help protect this species and preserve Kentucky’s iconic bourbon industry that bolsters our economy and supports thousands of jobs across the Commonwealth. This is commonsense conservation at its best,” said Senator McConnell. 
    “Virginia is home to one of the highest concentrations of White Oak trees in the country, and they play an indispensable role in our ecology and our economy,” said Senator Warner. “These trees have tremendous utility as both food for many species and material for the forestry industry, but without further action, we could face a severe shortage soon. I’m glad to sponsor bipartisan legislation that will get ahead of that crisis by bolstering a plan to regenerate our White Oak trees, keeping Virginia beautiful and investing in one of the forestry industry’s most valuable species.”
    In a statement from Brown-Forman, the largest American-owned spirits and wines company: “We are pleased to see the introduction of the White Oak Resilience Act to the Senate. Brown-Forman depends on healthy forests to provide the white oak for our bourbon barrels. White Oak barrels are more than just a container, they’re an important ingredient that provides all of the color and more than half the flavor to our whiskeys. We are committed to the conservation of the existing hardwood forests we rely on and have undertaken several initiatives to support sustainable forestry practices. We are appreciative of the leadership from Senators McConnell and Warner, supporting this key legislation will provide critical resources for white oak restoration.”
    “Sazerac commends Senators McConnell and Warner for introducing the Senate companion to HR 5582, the White Oak Resilience Act. Although Sazerac has locations in numerous states, we have distilleries in both Kentucky and Virginia (Buffalo Trace and 1792 in Kentucky; A. Smith Bowman in Virginia) making it particularly significant that these two senators have come together to recognize the importance of this species. The spirits industry has found the ideal wood in White Oak for our barrels and has endeavored to regenerate it for years to come,” said Elizabeth Wise, Chief Global Government and Public Affairs for Sazerac.
    “On behalf of the Kentucky Distillers’ Association, the worldwide voice of Bourbon, we applaud Leader McConnell and Senator Warner for their leadership in introducing the White Oak Resilience Act,” said Kentucky Distillers’ Association President Eric Gregory. “White Oak is instrumental to our signature industry as the new charred oak barrel is where the magic happens, transforming young whiskey into the mellow, amber nectar that is Kentucky Bourbon. The KDA and its 68-member companies have an enduring commitment to the sustainable and conscientious use of our natural resources that our legendary distilleries depend on to make the world’s greatest whiskey. The White Oak Resilience Act will help ensure the future of this important species for our communities, our homegrown Bourbon industry, and generations to come.”
    “On behalf of the University of Kentucky, I want to extend our sincere thanks to Leader McConnell and Senator Warner for introducing the White Oak Resilience Act that addresses White Oak sustainability, which is crucial to Kentucky’s signature bourbon industry. The research this measure directs will allow us to leverage our scientific expertise, particularly in genetics and genomics, to support the health and resilience of White Oak tree populations. As a land-grant institution committed to the Commonwealth’s economic development, we are well-positioned to translate our findings into practical applications for the bourbon industry,” said University of Kentucky President Eli Capilouto.
    “White Oak is a keystone species that supports over 500 types of wildlife while also bolstering rural economies and providing wood products to cities and towns across America,” said Jason Meyer, Executive Director of the White Oak Initiative. “We’d like to thank Senators Warner and McConnell for their leadership in bringing this bill forward and working together to ensure a long, sustainable future for this critical American resource.”
    “Virginia’s upland oak forests are on the decline and are incredibly important for wildlife and sustainable forestry,” said Virginia State Forester Robert W. Farrell. “The White Oak Resilience Act will help Virginia’s forest landowners care for their hardwood forests and ensure White Oak is on the Virginia landscape for generations to come.”
    Earlier this year, Senators McConnell and Warner supported Senate passage of the Consolidated Appropriations Act of 2024 and the President signed it into law. As a senior member of the Senate Appropriations Committee, Senator McConnell secured measures to help preserve the nation’s natural beauty, including language instructing the U.S. Forest Service to work on White Oak restoration, used for barrels that only bourbon can be aged in.
    U.S. Congressman Andy Barr (KY-06) introduced the companion bill in the U.S. House of Representatives.

    MIL OSI USA News

  • MIL-OSI Security: 10-Count Superseding Indictment Charges DuBois City Manager and Employee with Theft and Misappropriation of More Than $1.5 Million in City Funds

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

    JOHNSTOWN, Pa. – A federal grand jury in Johnstown has returned a Superseding Indictment that charges two residents of Clearfield County, Pennsylvania, with conspiracy, federal program fraud, and money laundering, United States Attorney Eric G. Olshan announced today.

    The 10-count Superseding Indictment named John “Herm” Suplizio, 64, and Roberta Shaffer, 59, both of DuBois, as the defendants. The pair was initially indicted and arrested in November 2023 on conspiracy and federal program fraud charges (read the earlier news release here). The Superseding Indictment expands the time frame of the federal program theft conspiracy in the original indictment, with allegations of an additional approximately $700,000 in theft, and also adds money laundering charges.

    According to the Superseding Indictment, from in and around May 2008 to in and around March 2022, Suplizio, the City Manager for DuBois, and Shaffer, the Secretary to the City of DuBois, knowingly conspired to embezzle, steal, convert, and misapply over $1.5 million owned by the city. To accomplish this theft, Suplizio and Shaffer opened bank accounts without the knowledge of the DuBois City Council or auditors, and then funneled fees intended for the city from a waste management company and two oil and gas companies into those secret accounts. Suplizio and Shaffer used the stolen money to, among other things, make large cash withdrawals, write checks to themselves and others, obtain cashier’s checks with themselves listed as payees, and make payments to Suplizio’s personal credit card. The purchases on Suplizio’s credit card included Suplizio’s vacation expenses, utility expenses for Suplizio’s residence, department store purchases, jewelry store purchases, political dinners, and other personal expenses. The Superseding Indictment alleges that many of the transactions in which Suplizio and Shaffer engaged with the proceeds of their theft were over $10,000, which constitutes money laundering under federal law.

    The law provides for a maximum sentence of up to either five or 10 years in prison, a fine of up to either $250,000 or $500,000, or both, on each count. Under the federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendants.

    Assistant United States Attorney Nicole Vasquez Schmitt and Special Assistant United States Attorney Summer F. Carroll are prosecuting this case on behalf of the government.

    The Federal Bureau of Investigation, Pennsylvania Office of Attorney General, Pennsylvania State Police, and Internal Revenue Service – Criminal Investigation conducted the investigation leading to the Superseding Indictment.

    A Superseding Indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.

    MIL Security OSI

  • MIL-OSI Security: Stevensville Timber Frame Home Builder Convicted by Federal Jury of Defrauding Customers of More Than $2 Million

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

    MISSOULA — A federal jury convicted a Stevensville timber frame home builder on Sept. 20 of wire fraud and money laundering crimes in an alleged scheme in which he defrauded customers of more than $2 million by obtaining payments to build them homes but instead used the money for personal expenses and to pay other debts, U.S. Attorney Jesse Laslovich said today.

    After a five-day trial that began on Sept. 16, the jury found the defendant, Brett Mauri, 61, guilty of four counts of wire fraud and two counts of money laundering. Mauri faces a maximum of 20 years in prison, a $250,000 fine, and three years of supervised release on the wire fraud counts, and a maximum of 10 years in prison, a $250,000 fine, or twice the amount of the criminally derived property involved in the transaction, and three years of supervised release on each count of money laundering.

    U.S. District Judge Dana L. Christensen presided. The court set sentencing for Jan. 30, 2025. Mauri’s release was continued pending further proceedings.

    “Mauri stole nearly $2 million from people who trusted him to build their dream homes. He consistently lied to them and made excuses about the lack of progress on each project, some of whom didn’t have anything to show despite paying Mauri thousands and thousands of dollars. They didn’t just suffer monetary losses, but mentally and emotionally, too. I hope his forthcoming federal prison sentence gives them comfort knowing he can’t scam anyone else again,” U.S. Attorney Laslovich said.

    In court documents and at trial, the government alleged that Mauri is the owner and operator of Bitterroot Timber Frames (BTF) and Three Mile Creek Post & Beam, LLC. According to Mauri and the company’s website, BTF built custom timber frame homes across the United States. Mauri claimed credit for large projects in some of America’s most popular ski towns between the 1990s and 2010s. The government alleged that between 2018 and 2022, Mauri defrauded nine individuals who hired him to build their timber frame homes. Many of the agreements were made by written contract, while some were formed by email or over the phone. Mauri obtained payments from these customers and lied to them about his operations and what he was doing with their money. Mauri ultimately provided little to nothing in return.

    The scheme involved Mauri inducing customers to send him funds, which were ultimately deposited into his or his wife’s bank accounts. Mauri, and his wife, Carrie McEnroe, primarily used the money for personal living expenses and to pay other debts instead of building the homes as he promised. What work Mauri did perform on victims’ projects gave his operation the hallmarks of a Ponzi scheme. He frequently solicited new money from a victim and used the funds, in part, to cover past expenses that were often incurred on earlier projects. The scheme resulted in victims paying Mauri more than $2 million. In exchange, Mauri provided very little materials or services, and some victims received nothing at all. Victims had hired Mauri to build homes in the Montana communities of Whitehall, Victor, Corvallis and Missoula, and in New York, Utah, and Louisiana.

    The U.S. Attorney’s Office is prosecuting the case. The FBI conducted the investigation.

    XXX

    MIL Security OSI

  • MIL-OSI Security: Prineville Woman Sentenced to Federal Prison for Multi-Million-Dollar Drug Treatment Fraud Scheme

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

    EUGENE, Ore.—A Prineville, Oregon woman was sentenced to federal prison yesterday for using stolen identities to submit fraudulent health care claims resulting in over $1.5 million in misappropriated funds from the Oregon Health Authority (OHA) Medicaid Program and filing false tax returns that failed to report earnings she received.

    Darla K. Byus, 55, was sentenced to 48 months in federal prison and three years’ supervised release. She was also ordered to pay $2,033,315 in restitution to OHA and the IRS.

    “Her crimes betrayed the trust placed in this company as a substance abuse treatment provider in Oregon. We thank the state and federal investigators for their dedication and commitment to ending this scheme,” said Nathan J. Lichvarcik, Chief of the U.S. Attorney’s Office Eugene and Medford Branch Offices. “Business owners who abuse the system to line their pockets at the expense of our communities will be held accountable.”

    “HHS-OIG is committed to protecting Oregon communities and taxpayer funds from schemes targeting Oregon’s Medicaid program, which provides necessary services to vulnerable populations,” said Special Agent in Charge Steven J. Ryan with the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG). “HHS-OIG values our continued partnership with the Oregon Department of Justice’s Medicaid Fraud Control Unit and other law enforcement partners and will continue to investigate those who threaten the integrity of federal and state health care programs and the people served by them.”

    “I am pleased that the joint investigation between our Medicaid Fraud Unit at Oregon DOJ and five federal agencies turned up the evidence needed for the United States Attorney to successfully prosecute this complex case. Oregon’s Medicaid program will get back over a million dollars it is rightfully owed, and those who try to defraud Oregonians and undermine our social safety net programs should be on notice— they will be caught and prosecuted,” said Oregon Attorney General Ellen Rosenblum.

    According to court documents, from January 2019 to August 2021, Byus used her company, Choices Recover Services (CRS), to overbill the OHA Medicaid Program for substance abuse counseling services and to submit fraudulent reimbursement claims using the stolen identities of Medicaid recipients.

    As an OHA Medicaid Provider for drug and alcohol related counseling services, CRS had access to a provider portal through the Medicaid Management Information System. Byus exploited this access to privileged information to determine a victim’s Medicaid eligibility. She then used their personally identifiable information to submit claims without the victim’s knowledge or authorization. Byus used the stolen identities more than 45 victims, at least a third of which were identified by searching jail roster websites for recent drug or alcohol related offenses.

    Using CRS, Byus submitted over $3 million in false claims to the OHA Medicaid Program and received over $1.5 million in fraudulent proceeds. She used the misappropriated funds to purchase multiple properties in Oregon and to gamble. In addition, Byus knowingly filed false tax returns for herself and CRS, failing to pay approximately $450,438 in taxes.

    On May 13, 2024, Byus was charged by criminal information with heath care fraud, aggravated identity theft, and making a false tax return and, on June 20, 2024, she pleaded guilty.

    This case was investigated by the FBI, IRS Criminal Investigation, U.S. Department of Health and Human Services Office of the Inspector General, U.S. Department of Justice Tax Division, and the Oregon Medicaid Fraud Control Unit. It was prosecuted by Joseph H. Huynh and Gavin W. Bruce, Assistant U.S. Attorneys for the District of Oregon.

    MIL Security OSI

  • MIL-OSI Security: Activity in the U.S. Attorney’s Office Recent Sentencings

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

    Crimes on Public Lands

    Curtis Jeffery, age 27, from Socorro, New Mexico, was sentenced to 10 days incarceration with credit for 3 days served for assaulting a Xanterra co-worker by pushing her head into a wall. He was also convicted of a second count of assault on a second individual and being under the influence of alcohol to a degree that rendered him a danger to others. In addition to the term of incarceration he was sentenced to five years of unsupervised probation. His terms of probation include that he not be permitted to enter Yellowstone National Park during his term of probation. U.S. Magistrate Judge Stephanie A. Hambrick imposed the sentence on Sept. 11, in Mammoth. Assistant U.S. Attorney Ariel C. Calmes prosecuted the case.

    Clarence Yoder, 40, from Idaho Falls, Idaho, pleaded guilty to three separate charges last week. The first offense was for intentionally disturbing bison for which he was sentenced to a ten-day term of incarceration with credit for two days served and was fined $3,000. He also pleaded guilty to being under the influence of alcohol to a degree that rendered him a danger to himself and others and was fined $200. Finally, he pleaded guilty to disorderly conduct and was fined $250. Yoder was placed on two years of unsupervised probation. He is not permitted to enter Yellowstone National Park during his term of probation. U.S. Magistrate Judge Stephanie A. Hambrick imposed the sentence on Sept. 10, in Mammoth. Assistant U.S. Attorney Ariel C. Calmes prosecuted the case. 

    Drug Trafficking

    Christopher Isgrigg, 38, of  Cheyenne, Wyoming was sentenced to 120 months’ imprisonment with five years of supervised release for possession with intent to distribute methamphetamine. According to court documents, on March 11, 2024, Cheyenne Police Department conducted a traffic stop on a Ford sedan belonging to the driver identified as Isgrigg. During the traffic stop, another officer arrived on scene with his narcotics certified canine which alerted to the presence of controlled substances inside the vehicle. Approximately 600 grams of methamphetamine and 34.2 grams of suspected fentanyl pills were located inside sedan. Isgrigg was indicted on May 16, pleaded guilty on July 2, and U.S. District Court Judge Kelly H. Rankin imposed the sentence on Sept. 19. The Drug Enforcement Administration and Cheyenne Police Department investigated the crime. Assistant U.S. Attorney Timothy J. Forwood prosecuted the case. Case No. 24-0060

    Bank Robbery

    Roosevelt Rashaud Keys, 27, of Houston, Texas, was sentenced to 27 months for bank robbery and aiding and abetting, with three years of supervised release. According to court documents, on Oct. 14, 2023, an ATM robbery occurred at a financial institution in Jackson, Wyoming. Several male hooded and masked subjects stole ATM cash cassettes containing U.S. currency while a service repair technician was attempting to repair the ATM. Keys was later stopped for a traffic violation and the deputy was able to gain his personal information, travel plans, and rental car agreement. Further investigation determined that Keys and his vehicle matched the description of one of the bank robbers. Keys was ultimately arrested in Milwaukee, Wisconsin on unrelated charges. A search warrant was authorized for Keys’ cell phone and revealed photographs taken on Oct. 14, 2023 showing Keys with bundles of U.S. Currency. Senior U.S. District Court Judge Nancy D. Freudenthal imposed the sentence on Sept. 12, in Cheyenne. The FBI and Jackson Police department investigated the crime. Assistant U.S. Attorney Timothy W. Gist prosecuted the case. Case No. 24-00019

    llegal Re-entry of a Previously Deported Alien

    Isamar Tellez-Blancas, 24, of Tlaxacala, Mexico, was sentenced to time served plus 10 days to allow for deportation proceedings, for illegal entry into the United States. According to court documents, on Feb. 12, Tellez-Blancas was arrested by Teton County Sheriff’s Office for driving under the influence of alcohol, no driver’s license, and unauthorized use of a vehicle. U.S. Immigration and Customs Enforcement (ICE) was contacted. A Deportation Officer processed the defendant and obtained fingerprints matching pre-existing fingerprints in their database indicating Tellez-Blancas was in the U.S. illegally. ICE investigated the crime. Assistant U.S. Attorney Cameron J. Cook prosecuted the case. U.S. District Court Judge Alan B. Johnson imposed the sentence on Sept. 4. Case No. 24-CR-00109

    Hilario Mendoza-Rodriguez, 39, of San Luis Potosi, Mexico, was sentenced to time served for illegal entry into the United States. According to court documents, on July 13, 2023, Mendoza-Rodriguez was arrested by the Rock Springs Police Department for assault and battery causing injury. U.S. Immigration and Customs Enforcement (ICE) was contacted. A Deportation Officer processed the defendant and obtained fingerprints matching pre-existing fingerprints in their database indicating Mendoza-Rodriguez was in the U.S. illegally. ICE investigated the crime. Assistant U.S. Attorney Cameron J. Cook prosecuted the case. Chief U.S. District Court Judge Scott W. Skavdahl imposed the sentence on Sept. 19. Case No. 24-CR-00036

    About the United States Attorney’s Office 

    The United States Attorney’s Office is responsible for representing the federal government in virtually all litigation involving the United States in the District of Wyoming, including all criminal prosecutions for violations of federal law, civil lawsuits brought by or against the government, and actions to collect judgments and restitution on behalf of victims and taxpayers. The Office is involved in several programs designed to make our communities safer. They include: 

    Environmental Justice
    The fair treatment and meaningful involvement of all people regardless of race, color, national origin, or income with respect to the development, implementation, and enforcement of environmental laws, regulations, and policies.

    Project Safe Childhood
    Project Safe Childhood (PSC) is a DOJ initiative that combats the proliferation of technology-facilitated sexual exploitation crimes against children. The threat of sexual predators soliciting children for sexual contact is well-known and serious.

    Project Safe Neighborhoods
    Project Safe Neighborhoods (PSN) is a nationwide commitment to reducing gun and gang crime in America by networking existing local programs that target gun crime and providing these programs with additional tools necessary to be successful.

    Victim Witness Assistance
    The Victim Witness Coordinator for the United States Attorney’s Office for the District of Wyoming is dedicated to making sure that victims of federal crimes and their family members are treated with compassion, fairness, and respect.

    To report a federal crime, go to: https://www.justice.gov/actioncenter/report-crime#trafficking

    MIL Security OSI