Category: Business

MIL-OSI USA: International Arms Dealer Pleads Guilty to Conspiring to Export Firearms to Russia

Source: US State Government of Utah

Defendant Unlawfully Exported American-Made Firearms Through JFK International Airport

Yesterday in federal court in Brooklyn, Sergei Zharnovnikov, 46, of Bishkek, Kyrgyzstan, pleaded guilty to conspiracy to commit export violations. The defendant exported firearms and ammunition worth over $1.5 million from the United States to Russia, in violation of U.S. law. When sentenced, Zharnovnikov faces up to 20 years in prison.

“By his own admission, Zharnovnikov willfully violated U.S. export controls to smuggle American-made firearms into Russia,” said Assistant Attorney General for National Security John A. Eisenberg. “The National Security Division will continue to work closely with our law enforcement partners to disrupt illicit arms networks and prosecute those who illegally transfer U.S. weaponry abroad.”

“The defendant admitted that he purchased American-made, military-grade firearms and re-exported them to Russia,” said U.S. Attorney Joseph Nocella for the Eastern District of New York. “Today’s guilty plea is the culmination of extensive investigative work, showing that this office will not allow merchants of lethal weapons and Russia to flout U.S. sanctions.”

According to court filings and statements made during the plea proceeding, the defendant is the owner of an arms dealer located in Bishkek, Kyrgyzstan (Kyrgyzstan Company-1). Since at least March 2020, the defendant, together with others, has conspired to export firearms controlled by the U.S. Department of Commerce from the United States to Russia. The defendant exported $1,582,836.52 worth of U.S.-manufactured firearms and ammunition from the United States to Russia without the required licenses from the Department of Commerce. In one transaction, he entered into a five‑year, $900,000 contract with a company in the United States (U.S. Company‑1) to purchase and export U.S. Company-1 firearms to Kyrgyzstan. DOC issued a license for U.S. Company-1 to export firearms to Kyrgyzstan Company-1. The license, however, explicitly prohibited the export or re-export of the firearms to Russia. Nevertheless, the defendant exported and re-exported U.S. Company‑1 firearms, including semi‑automatic hybrid rifle-pistols, to Russia via Kyrgyzstan without the necessary approvals.

According to an export filing, in connection with the defendant’s contract with U.S. Company-1, U.S. Company-1 exported semi-automatic rifles from John F. Kennedy International Airport to Kyrgyzstan Company-1 on or about July 10, 2022. On or about Nov. 14, 2022, the General Director of a Russian company that is a client of the defendant executed a tax form listing the same semi‑automatic rifle‑pistols that U.S. Company‑1 had exported to Kyrgyzstan Company‑1, the defendant’s company. The defendant did not apply for, obtain, or possess a license to export or re-export the semi‑automatic pistol-rifles to Russia.

The defendant traveled from Kyrgyzstan to the United States on or about Jan. 18, 2025. The defendant traveled to Las Vegas, Nevada, where he attended the Shooting, Hunting, and Outdoor Trade (SHOT) Show to meet with U.S. arms dealers.

The FBI New York Field Office and U.S. Department of Commerce Bureau of Industry and Security Office of Export Enforcement are investigating the case.

Assistant U.S. Attorneys Ellen H. Sise for the Eastern District of New York and Trial Attorney Leslie Esbrook of the National Security Division’s Counterintelligence and Export Control Section are prosecuting the case, with assistance from Litigation Analyst Rebecca Roth.

MIL OSI USA News –

June 27, 2025
MIL-OSI: BGX Outlines Strategy for Expansion

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, B.C., June 26, 2025 (GLOBE NEWSWIRE) — BGX – Black Gold Exploration Corp. (the “Company” or “BGX”) (CSE: BGX) (OTCQB: BGXCF) (FRA: BLGX) is pleased to announce another significant development in its strategic partnership (the “JV”) with LGX Energy Corp. (“LGX”). Through the Company’s 10% interest in the Fritz 2-30 well and surrounding 210-acre Area of Mutual Interest (“AMI”), the Company will be able to participate up to 10% in the drilling and development of an estimated 20 to 25 additional wells in the prolific Illinois Basin.

A Blueprint for Scalable Development

The AMI encompasses a strategically defined corridor of oil-bearing leases and prospects within the Illinois Basin. Utilizing 3D seismic technology, the JV has accurately mapped subsurface structures, leading to the successful identification and targeting of high-potential drilling locations. This analysis, combined with the analysis of new data from the now producing Fritz 2-30 well, has led to the expectation of the development of another estimated 20 to 25 wells within the AMI. The Fritz 2-30 will serve as a template for this multi-well development strategy, having validated the seismic analysis.

From Exploration to Production

The Fritz 2-30 well produced over 500 barrels within the first 10 days of production. Normalized production of the well has not yet been established as production is temporarily brought offline for further drilling to access the additional pay zones that have been identified. The Company expects to provide a more detailed update once it receives its first payout from this well, which is expected next quarter.

From Production to Scaled Field Development

Per the terms of the JV, BGX is able to participate in up to 10% of each new well developed in the AMI. Based on current estimates, the Company anticipates that the drilling and development of each new well will cost the Company between $25,000 and $45,000 (USD) depending on the formation and depths required. The Company and LGX are aiming to bring the 20+ wells online by the end of 2026. The Company expects to fund its portion of the developments through additional capital raises.

On behalf of the Company,
Francisco Gulisano
236-266-5174
Chief Executive Officer

About BGX

BGX is an oil and gas exploration and production company dedicated to creating shareholder value in the Illinois Basin. For more information visit https://www.bgxcorp.com.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. It should be noted that there are inherent risks and uncertainties in oil and gas exploration. Forward- looking statements in this news release include, but are not limited to statements respecting: (i) the Company’s expectation that it will be able to participate in the drilling and development of 20+ additional wells in the prolific Illinois Basin; (ii) the Fritz 2-30 well serving as a template for the Company’s multi-well development strategy; (iii) the Company’s plan to use existing infrastructure to create a very capital-efficient multi-well development; (iv) the stacked pay architecture at the Fritz 2-30 well providing the basis for a repeatable, full-cycle development program with minimal geological risk and high operational confidence; (v) the Company and LGX putting together the framework for a full field development program; (vi) the Company’s strategy being not only a scalable and capital efficient, but also being a template for value creation for shareholders; (vii) the Company’s ability to receive payment next quarter; and (viii) the Company’s ability to raise the capital required to participate in the development of future wells. The Company notes that the development of each additional well will be based on the analysis of the JV partner, the success of the drilling campaigns and subject to the normal permitting requirements. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise. For a comprehensive overview of all risks that may impact the Company, please see the Company’s continuous disclosure documents filed on SEDAR+.

Neither the CSE nor the CSE’s Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the accuracy of this release.

SUITE 2400 | 1055 WEST GEORGIA STREET | VANCOUVER, BC | V6E 3P3 | TEL. +1 (236) 266-5174 | info@bgxcorp.com | bgxcorp.com

The MIL Network –

June 27, 2025
MIL-OSI: BGX Outlines Strategy for Expansion

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, B.C., June 26, 2025 (GLOBE NEWSWIRE) — BGX – Black Gold Exploration Corp. (the “Company” or “BGX”) (CSE: BGX) (OTCQB: BGXCF) (FRA: BLGX) is pleased to announce another significant development in its strategic partnership (the “JV”) with LGX Energy Corp. (“LGX”). Through the Company’s 10% interest in the Fritz 2-30 well and surrounding 210-acre Area of Mutual Interest (“AMI”), the Company will be able to participate up to 10% in the drilling and development of an estimated 20 to 25 additional wells in the prolific Illinois Basin.

A Blueprint for Scalable Development

The AMI encompasses a strategically defined corridor of oil-bearing leases and prospects within the Illinois Basin. Utilizing 3D seismic technology, the JV has accurately mapped subsurface structures, leading to the successful identification and targeting of high-potential drilling locations. This analysis, combined with the analysis of new data from the now producing Fritz 2-30 well, has led to the expectation of the development of another estimated 20 to 25 wells within the AMI. The Fritz 2-30 will serve as a template for this multi-well development strategy, having validated the seismic analysis.

From Exploration to Production

The Fritz 2-30 well produced over 500 barrels within the first 10 days of production. Normalized production of the well has not yet been established as production is temporarily brought offline for further drilling to access the additional pay zones that have been identified. The Company expects to provide a more detailed update once it receives its first payout from this well, which is expected next quarter.

From Production to Scaled Field Development

Per the terms of the JV, BGX is able to participate in up to 10% of each new well developed in the AMI. Based on current estimates, the Company anticipates that the drilling and development of each new well will cost the Company between $25,000 and $45,000 (USD) depending on the formation and depths required. The Company and LGX are aiming to bring the 20+ wells online by the end of 2026. The Company expects to fund its portion of the developments through additional capital raises.

On behalf of the Company,
Francisco Gulisano
236-266-5174
Chief Executive Officer

About BGX

BGX is an oil and gas exploration and production company dedicated to creating shareholder value in the Illinois Basin. For more information visit https://www.bgxcorp.com.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. It should be noted that there are inherent risks and uncertainties in oil and gas exploration. Forward- looking statements in this news release include, but are not limited to statements respecting: (i) the Company’s expectation that it will be able to participate in the drilling and development of 20+ additional wells in the prolific Illinois Basin; (ii) the Fritz 2-30 well serving as a template for the Company’s multi-well development strategy; (iii) the Company’s plan to use existing infrastructure to create a very capital-efficient multi-well development; (iv) the stacked pay architecture at the Fritz 2-30 well providing the basis for a repeatable, full-cycle development program with minimal geological risk and high operational confidence; (v) the Company and LGX putting together the framework for a full field development program; (vi) the Company’s strategy being not only a scalable and capital efficient, but also being a template for value creation for shareholders; (vii) the Company’s ability to receive payment next quarter; and (viii) the Company’s ability to raise the capital required to participate in the development of future wells. The Company notes that the development of each additional well will be based on the analysis of the JV partner, the success of the drilling campaigns and subject to the normal permitting requirements. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise. For a comprehensive overview of all risks that may impact the Company, please see the Company’s continuous disclosure documents filed on SEDAR+.

Neither the CSE nor the CSE’s Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the accuracy of this release.

SUITE 2400 | 1055 WEST GEORGIA STREET | VANCOUVER, BC | V6E 3P3 | TEL. +1 (236) 266-5174 | info@bgxcorp.com | bgxcorp.com

The MIL Network –

June 27, 2025
MIL-OSI USA: Utah Businessman Sentenced to Prison for Defrauding the COVID-19 Paycheck Protection Program Out of Over $628,000

Source: United States Small Business Administration

Click Here to Sign Up for SBA OIG Email Updates on Recent Investigative Cases, Audit Oversight Reports, and General News

Click Here to View the Original U.S. Department of Justice (DOJ) Press Release

A Utah entrepreneur was sentenced today to 18 months’ imprisonment after he fraudulently obtained $628,307 from a COVID-19 Paycheck Protection Program (PPP) Loan in 2021 by submitting a fraudulent loan application in the name of his business.

The COVID-19 PPP Loans were provided to small businesses for funding to meet specific obligations, including payroll and rent during the pandemic.

Marcelo Federico Torre, 42, of Draper, Utah, pleaded guilty to wire fraud, and possession of stolen mail on April 10, 2025. In addition to his sentence, and credit for time served, Senior U.S. District Court Judge Clark Waddoups sentenced Torre to three years’ supervised release and ordered him to pay $628,307 in restitution. Torre also forfeited a money judgement in the amount of $628,307.

According to court documents and statements made at Torre’s change of plea and sentencing hearings, from April 27, 2021 to May 5, 2021, Torre fraudulently submitted a PPP Loan application through U.S. Bank for approximately $628,307 on behalf of his company, Offerworks Inc., a company he owned and controlled. By fraudulently submitting the Loan application, he lied to U.S. Bank and the United States government in order to be approved for the PPP Loan. Some of the false statements Torre made on the PPP Loan application included that his company, Offerworks Inc., had been in operation as of February 15, 2020, when it had not; his company had 37 employees, when it did not; and that Offerworks Inc., had an average monthly payroll of $251,323 in 2020, when it did not.

“The amount of money Mr. Torre stole from the U.S. government and taxpayers, which was intended to keep businesses open and provide salaries for employees and their families during the COVID-19 pandemic, is significant and his fraud and will not go unpunished,” said Acting U.S. Attorney Felice John Viti of the District of Utah. “It is our hope Mr. Torre’s sentence will deter him and others who seek to take criminal advantage of government programs meant to help honest and hardworking business owners and their employees during a crisis.”

The case was investigated jointly by the U.S. Postal Investigation Service, Draper City Police Department, U.S. Probation and Pretrial Services Office, Salt Lake City Police Department, Internal Revenue Service – Criminal Investigation Division, U.S. Small Business Administration – Office of Inspector General (SBA-OIG), and the U.S. Treasury Inspector General for Tax Administration (TIGTA).

Assistant United States Attorney Todd C. Bouton of the U.S. Attorney’s Office for the District of Utah prosecuted the case.

Paycheck Protection Program (PPP)

The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the Paycheck Protection Program (PPP). Since the inception of the CARES Act, the Fraud Section has prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at Justice.gov/OPA/pr/justice-department-takes-action-against-covid-19-fraud.

MIL OSI USA News –

June 27, 2025
MIL-OSI USA: Utah Businessman Sentenced to Prison for Defrauding the COVID-19 Paycheck Protection Program Out of Over $628,000

Source: United States Small Business Administration

Click Here to Sign Up for SBA OIG Email Updates on Recent Investigative Cases, Audit Oversight Reports, and General News

Click Here to View the Original U.S. Department of Justice (DOJ) Press Release

A Utah entrepreneur was sentenced today to 18 months’ imprisonment after he fraudulently obtained $628,307 from a COVID-19 Paycheck Protection Program (PPP) Loan in 2021 by submitting a fraudulent loan application in the name of his business.

The COVID-19 PPP Loans were provided to small businesses for funding to meet specific obligations, including payroll and rent during the pandemic.

Marcelo Federico Torre, 42, of Draper, Utah, pleaded guilty to wire fraud, and possession of stolen mail on April 10, 2025. In addition to his sentence, and credit for time served, Senior U.S. District Court Judge Clark Waddoups sentenced Torre to three years’ supervised release and ordered him to pay $628,307 in restitution. Torre also forfeited a money judgement in the amount of $628,307.

According to court documents and statements made at Torre’s change of plea and sentencing hearings, from April 27, 2021 to May 5, 2021, Torre fraudulently submitted a PPP Loan application through U.S. Bank for approximately $628,307 on behalf of his company, Offerworks Inc., a company he owned and controlled. By fraudulently submitting the Loan application, he lied to U.S. Bank and the United States government in order to be approved for the PPP Loan. Some of the false statements Torre made on the PPP Loan application included that his company, Offerworks Inc., had been in operation as of February 15, 2020, when it had not; his company had 37 employees, when it did not; and that Offerworks Inc., had an average monthly payroll of $251,323 in 2020, when it did not.

“The amount of money Mr. Torre stole from the U.S. government and taxpayers, which was intended to keep businesses open and provide salaries for employees and their families during the COVID-19 pandemic, is significant and his fraud and will not go unpunished,” said Acting U.S. Attorney Felice John Viti of the District of Utah. “It is our hope Mr. Torre’s sentence will deter him and others who seek to take criminal advantage of government programs meant to help honest and hardworking business owners and their employees during a crisis.”

The case was investigated jointly by the U.S. Postal Investigation Service, Draper City Police Department, U.S. Probation and Pretrial Services Office, Salt Lake City Police Department, Internal Revenue Service – Criminal Investigation Division, U.S. Small Business Administration – Office of Inspector General (SBA-OIG), and the U.S. Treasury Inspector General for Tax Administration (TIGTA).

Assistant United States Attorney Todd C. Bouton of the U.S. Attorney’s Office for the District of Utah prosecuted the case.

Paycheck Protection Program (PPP)

The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the Paycheck Protection Program (PPP). Since the inception of the CARES Act, the Fraud Section has prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at Justice.gov/OPA/pr/justice-department-takes-action-against-covid-19-fraud.

MIL OSI USA News –

June 27, 2025
MIL-OSI Security: International Arms Dealer Pleads Guilty to Conspiring to Export Firearms to Russia

Source: United States Attorneys General

Defendant Unlawfully Exported American-Made Firearms Through JFK International Airport

Yesterday in federal court in Brooklyn, Sergei Zharnovnikov, 46, of Bishkek, Kyrgyzstan, pleaded guilty to conspiracy to commit export violations. The defendant exported firearms and ammunition worth over $1.5 million from the United States to Russia, in violation of U.S. law. When sentenced, Zharnovnikov faces up to 20 years in prison.

“By his own admission, Zharnovnikov willfully violated U.S. export controls to smuggle American-made firearms into Russia,” said Assistant Attorney General for National Security John A. Eisenberg. “The National Security Division will continue to work closely with our law enforcement partners to disrupt illicit arms networks and prosecute those who illegally transfer U.S. weaponry abroad.”

“The defendant admitted that he purchased American-made, military-grade firearms and re-exported them to Russia,” said U.S. Attorney Joseph Nocella for the Eastern District of New York. “Today’s guilty plea is the culmination of extensive investigative work, showing that this office will not allow merchants of lethal weapons and Russia to flout U.S. sanctions.”

According to court filings and statements made during the plea proceeding, the defendant is the owner of an arms dealer located in Bishkek, Kyrgyzstan (Kyrgyzstan Company-1). Since at least March 2020, the defendant, together with others, has conspired to export firearms controlled by the U.S. Department of Commerce from the United States to Russia. The defendant exported $1,582,836.52 worth of U.S.-manufactured firearms and ammunition from the United States to Russia without the required licenses from the Department of Commerce. In one transaction, he entered into a five‑year, $900,000 contract with a company in the United States (U.S. Company‑1) to purchase and export U.S. Company-1 firearms to Kyrgyzstan. DOC issued a license for U.S. Company-1 to export firearms to Kyrgyzstan Company-1. The license, however, explicitly prohibited the export or re-export of the firearms to Russia. Nevertheless, the defendant exported and re-exported U.S. Company‑1 firearms, including semi‑automatic hybrid rifle-pistols, to Russia via Kyrgyzstan without the necessary approvals.

According to an export filing, in connection with the defendant’s contract with U.S. Company-1, U.S. Company-1 exported semi-automatic rifles from John F. Kennedy International Airport to Kyrgyzstan Company-1 on or about July 10, 2022. On or about Nov. 14, 2022, the General Director of a Russian company that is a client of the defendant executed a tax form listing the same semi‑automatic rifle‑pistols that U.S. Company‑1 had exported to Kyrgyzstan Company‑1, the defendant’s company. The defendant did not apply for, obtain, or possess a license to export or re-export the semi‑automatic pistol-rifles to Russia.

The defendant traveled from Kyrgyzstan to the United States on or about Jan. 18, 2025. The defendant traveled to Las Vegas, Nevada, where he attended the Shooting, Hunting, and Outdoor Trade (SHOT) Show to meet with U.S. arms dealers.

The FBI New York Field Office and U.S. Department of Commerce Bureau of Industry and Security Office of Export Enforcement are investigating the case.

Assistant U.S. Attorneys Ellen H. Sise for the Eastern District of New York and Trial Attorney Leslie Esbrook of the National Security Division’s Counterintelligence and Export Control Section are prosecuting the case, with assistance from Litigation Analyst Rebecca Roth.

MIL Security OSI –

June 27, 2025
MIL-OSI Security: International Arms Dealer Pleads Guilty to Conspiring to Export Firearms to Russia

Source: United States Attorneys General

Defendant Unlawfully Exported American-Made Firearms Through JFK International Airport

Yesterday in federal court in Brooklyn, Sergei Zharnovnikov, 46, of Bishkek, Kyrgyzstan, pleaded guilty to conspiracy to commit export violations. The defendant exported firearms and ammunition worth over $1.5 million from the United States to Russia, in violation of U.S. law. When sentenced, Zharnovnikov faces up to 20 years in prison.

“By his own admission, Zharnovnikov willfully violated U.S. export controls to smuggle American-made firearms into Russia,” said Assistant Attorney General for National Security John A. Eisenberg. “The National Security Division will continue to work closely with our law enforcement partners to disrupt illicit arms networks and prosecute those who illegally transfer U.S. weaponry abroad.”

“The defendant admitted that he purchased American-made, military-grade firearms and re-exported them to Russia,” said U.S. Attorney Joseph Nocella for the Eastern District of New York. “Today’s guilty plea is the culmination of extensive investigative work, showing that this office will not allow merchants of lethal weapons and Russia to flout U.S. sanctions.”

According to court filings and statements made during the plea proceeding, the defendant is the owner of an arms dealer located in Bishkek, Kyrgyzstan (Kyrgyzstan Company-1). Since at least March 2020, the defendant, together with others, has conspired to export firearms controlled by the U.S. Department of Commerce from the United States to Russia. The defendant exported $1,582,836.52 worth of U.S.-manufactured firearms and ammunition from the United States to Russia without the required licenses from the Department of Commerce. In one transaction, he entered into a five‑year, $900,000 contract with a company in the United States (U.S. Company‑1) to purchase and export U.S. Company-1 firearms to Kyrgyzstan. DOC issued a license for U.S. Company-1 to export firearms to Kyrgyzstan Company-1. The license, however, explicitly prohibited the export or re-export of the firearms to Russia. Nevertheless, the defendant exported and re-exported U.S. Company‑1 firearms, including semi‑automatic hybrid rifle-pistols, to Russia via Kyrgyzstan without the necessary approvals.

According to an export filing, in connection with the defendant’s contract with U.S. Company-1, U.S. Company-1 exported semi-automatic rifles from John F. Kennedy International Airport to Kyrgyzstan Company-1 on or about July 10, 2022. On or about Nov. 14, 2022, the General Director of a Russian company that is a client of the defendant executed a tax form listing the same semi‑automatic rifle‑pistols that U.S. Company‑1 had exported to Kyrgyzstan Company‑1, the defendant’s company. The defendant did not apply for, obtain, or possess a license to export or re-export the semi‑automatic pistol-rifles to Russia.

The defendant traveled from Kyrgyzstan to the United States on or about Jan. 18, 2025. The defendant traveled to Las Vegas, Nevada, where he attended the Shooting, Hunting, and Outdoor Trade (SHOT) Show to meet with U.S. arms dealers.

The FBI New York Field Office and U.S. Department of Commerce Bureau of Industry and Security Office of Export Enforcement are investigating the case.

Assistant U.S. Attorneys Ellen H. Sise for the Eastern District of New York and Trial Attorney Leslie Esbrook of the National Security Division’s Counterintelligence and Export Control Section are prosecuting the case, with assistance from Litigation Analyst Rebecca Roth.

MIL Security OSI –

June 27, 2025
MIL-OSI: LIS Technologies Inc. Announces Top Sponsorship of the East Tennessee Economic Council’s Nuclear Opportunities Workshop 2025 Conference
Source: GlobeNewswire (MIL-OSI)

Chief Technology Officer Dr Viktor Chikan is scheduled to participate in a panel discussion alongside other leading enrichment executives.

Oak Ridge, Tennessee, June 26, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it is the Nuclear Luminary sponsor of the upcoming Nuclear Opportunuties Workshop (NOW) 2025 Conference, to be held at the Knoxville Convention Center, on July 22-23, 2025.

CTO Dr Viktor Chikan will take part in a panel discussion titled, “Nuclear Fuels – Enrichment and Fabrication,” which is scheduled to take place at 1:15pm on Tuesday, July 22^nd, 2025.

Figure 1 – LIS Technologies Inc. Announces Top Sponsorship of the East Tennessee Economic Council’s Nuclear Opportunities Workshop 2025 Conference.

“Following a successful and informative experience at the NOW 2024 conference, I’m pleased that Viktor is returning for this year’s conference and join a panel focused on strengthening America’s nuclear-fuel supply chain,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “Establishing our headquarters in Tennessee has shown us the depth of nuclear talent within the state, and I look forward to Viktor updating attendees on LIST’s progress in revitalizing the nation’s only patented laser-uranium-enrichment process to support the existing nuclear energy industry and help usher in the next generation of advanced nuclear reactors.”

About LIS Technologies Inc.

LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

In Dec 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

For more information please visit: LaserIsTech.com

For further information, please contact:
Email: info@laseristech.com
Telephone: 800-388-5492
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Follow us on LinkedIn

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

Attachment
- LIS Technologies Inc.
The MIL Network –
June 27, 2025
MIL-OSI: Cloudera Achieves FedRAMP® Moderate Authorization, Advancing Its Commitment to Secure Data, Analytics, and AI in the Public Sector

Source: GlobeNewswire (MIL-OSI)

SANTA CLARA, Calif., June 26, 2025 (GLOBE NEWSWIRE) — Cloudera, the only true hybrid platform for data, analytics, and AI, today announced that it has achieved a Moderate Provisional Authority to Operate (P-ATO) for its Cloudera Government Solutions offering at the Federal Risk and Authorization Management Program (FedRAMP®). Cloudera is now one of only 38 Platform-as-a-Service (PaaS) solutions to earn FedRAMP Moderate status, placing it in an exclusive group of platforms approved to handle sensitive federal data in a public cloud environment and enabling reciprocity with Department of Defense Cloud Computing Security Requirements Guide (SRG) at Impact Level 2. This designation, now officially listed on the FedRAMP Marketplace, marks the first step in the journey to bring Cloudera’s secure data platform to the federal government cloud community.

As federal agencies accelerate digital transformation, the ability to manage large-scale datasets in cloud environments has become essential to mission delivery. With the FedRAMP Moderate Authorization designation, Cloudera enables agencies to confidently adopt a data architecture that delivers cloud-native analytics on AWS GovCloud. Building on existing agency-specific ATOs, this designation allows any federal agency to use Cloudera for mission-critical workloads while meeting FedRAMP Moderate and Department of Defense IL2 requirements.

“Federal agencies rely on trusted platforms to manage vast volumes of sensitive data – from health records and benefits systems to emergency response operations,” said Leo Brunnick, Chief Product Officer, Cloudera. “This FedRAMP Moderate Authorization validates the trust our customers have placed in Cloudera to meet strict federal security controls while enabling the agility they need to modernize. We’ve built Cloudera to help agencies confidently evolve – whether they’re delivering real-time insights during a crisis, building AI models to detect fraud, or informing policy with trusted analytics. This designation ensures they can do so securely, at scale, in the cloud.”

Cloudera is now FedRAMP Authorized for the following components:

To learn more about Cloudera Government Solutions, visit https://www.cloudera.com/solutions/public-sector.html

About Cloudera
Cloudera is the only true hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what once seemed impossible—today and in the future.

To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

Contact
Jess Hohn-Cabana
cloudera@v2comms.com

The MIL Network –

June 27, 2025
MIL-OSI: CareCloud Announces Potential Resignation of its Audit Firm

Source: GlobeNewswire (MIL-OSI)

SOMERSET, N.J., June 26, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-driven healthcare technology solutions for medical practices and health systems nationwide, today announced that its current independent registered public accounting firm may resign if an ICFR auditor attestation of the Company’s Internal Control over Financial Reporting (“ICFR”) under Section 404(b) of the Sarbanes-Oxley Act is required for fiscal year 2025.

Our audit firm has informed the Company that it does not have the capacity to perform an ICFR attestation. Under SEC rules, the same audit firm must conduct both the financial statement audit and the ICFR attestation. Therefore, if an ICFR attestation becomes necessary, the audit firm would be unable to fulfill the full scope of the required audit services, and CareCloud would need to engage a new independent registered public accounting firm.

The requirement for an ICFR attestation will be determined based on CareCloud’s public float amount as of the close of trading on June 30, 2025. If the public float equals or exceeds $75 million, CareCloud would be classified as an accelerated filer, triggering the ICFR attestation requirement under Section 404(b) of the Sarbanes-Oxley Act.

CareCloud will provide an update on July 1, 2025, following the determination of its public float and any resulting impact on its audit arrangements.

About CareCloud

CareCloud (Nasdaq: CCLD, CCLDO) brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at carecloud.com.

Follow CareCloud on LinkedIn, X and Facebook.

For additional information, please visit our website at carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.

Disclaimer

This press release is for information purposes only and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

Forward-Looking Statements

This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.

Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.

These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

SOURCE: CareCloud

Company Contact:
Norman Roth
Interim Chief Financial Officer and Corporate Controller
CareCloud, Inc.
nroth@carecloud.com

Investor Contact:
Stephen Snyder
Co-Chief Executive Officer
CareCloud, Inc.
ir@carecloud.com

The MIL Network –

June 27, 2025
MIL-OSI: CareCloud Announces Potential Resignation of its Audit Firm

Source: GlobeNewswire (MIL-OSI)

SOMERSET, N.J., June 26, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-driven healthcare technology solutions for medical practices and health systems nationwide, today announced that its current independent registered public accounting firm may resign if an ICFR auditor attestation of the Company’s Internal Control over Financial Reporting (“ICFR”) under Section 404(b) of the Sarbanes-Oxley Act is required for fiscal year 2025.

Our audit firm has informed the Company that it does not have the capacity to perform an ICFR attestation. Under SEC rules, the same audit firm must conduct both the financial statement audit and the ICFR attestation. Therefore, if an ICFR attestation becomes necessary, the audit firm would be unable to fulfill the full scope of the required audit services, and CareCloud would need to engage a new independent registered public accounting firm.

The requirement for an ICFR attestation will be determined based on CareCloud’s public float amount as of the close of trading on June 30, 2025. If the public float equals or exceeds $75 million, CareCloud would be classified as an accelerated filer, triggering the ICFR attestation requirement under Section 404(b) of the Sarbanes-Oxley Act.

CareCloud will provide an update on July 1, 2025, following the determination of its public float and any resulting impact on its audit arrangements.

About CareCloud

CareCloud (Nasdaq: CCLD, CCLDO) brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at carecloud.com.

Follow CareCloud on LinkedIn, X and Facebook.

For additional information, please visit our website at carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.

Disclaimer

This press release is for information purposes only and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

Forward-Looking Statements

This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.

Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.

These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

SOURCE: CareCloud

Company Contact:
Norman Roth
Interim Chief Financial Officer and Corporate Controller
CareCloud, Inc.
nroth@carecloud.com

Investor Contact:
Stephen Snyder
Co-Chief Executive Officer
CareCloud, Inc.
ir@carecloud.com

The MIL Network –

June 27, 2025
MIL-OSI: Rising Demand for Drones for Commercial & Military Applications Becoming a Booming Revenue Opportunity

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., June 26, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Unmanned Aerial Vehicle (UAV) imagery service providers have been offering innovative opportunities for businesses in the construction & agriculture industries and widening their potential application base to enable predictive and actuation capabilities. These capabilities offer significant advantages, such as quality improvements, risk mitigation, and cost reduction, thereby providing a competitive advantage to adopters. Drones and their sensors provide companies with significant data, multiplying applications and capabilities within their business processes. Analyzing the obtained information improves predictive/preventive maintenance and operational intelligence. Companies increasingly adopt data management platforms to process and analyze information for detecting and classifying notable events and creating reports. A report from Grand View Research said that the global drone data services market size is anticipated to grow at a CAGR of 39.0% through 2030. The market growth is attributed to the increasing need for drone information analysis amongst businesses worldwide to perform various critical tasks remotely, such as automated mapping, cadastral surveying, corridor surveying, volumetric calculations, and LiDAR mapping. Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Ondas Holdings Inc. (NASDAQ: ONDS), AeroVironment, Inc. (NASDAQ: AVAV), AIRO Group Holdings, Inc. (NASDAQ: AIRO), EHang Holdings Limited (NASDAQ: EH).

The Grand View Research report said: “Drone data service providers are expected to gain prominence by empowering companies globally to utilize UAV imagery better. This can be achieved by converting it into actionable information in simple 3D models, Digital Elevation Models (DEMs), and orthomosaic maps. An increasing number of companies are now seeking to enter the UAV software space and develop software to provide aerial imagery analysis and mapping solutions for the commercial sector. Businesses worldwide are increasingly using drones across a wide range of industries. Farmers are utilizing maps generated with drone software to identify areas of damage & crop variation, diagnose the potential causes for damages, such as pests, equipment malfunctioning, and irrigation problems, and prescribe solutions such as variable-rate nitrogen applications. The 3D modeling & DEM segment is expected to grow at the fastest CAGR of 40.5% during the forecast period. The advancements in drone technology have enabled the collection of high-resolution aerial data, which can be processed to create detailed and precise 3D models and DEMs. It has significantly enhanced the accuracy and efficiency of data analysis and decision-making processes in industries that rely on geospatial information.”

ZenaTech (NASDAQ:ZENA) Signs Offer to Acquire North Carolina Land Surveying Company to Expand State Operations and Government Customers – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, announces it has signed an offer to acquire a well-established North Carolina-based land surveying company with a strong government customer base. The proposed acquisition expands operations in the state when combined with a previously announced proposed land survey acquisition with operations in North Carolina. With over three decades of success serving government agencies, municipal governments, construction companies, and real estate developers, this strategic acquisition would significantly advance the company’s regional market penetration as well as growth in the US Southeast.

“This proposed acquisition aligns with our strategy to build a robust, scalable, national Drone as a Service business while empowering strong regional and local hubs and recurring revenue opportunities,” said Shaun Passley, Ph.D., ZenaTech CEO. “We plan to embed AI-powered drone technology into critical land survey workflows providing unparalleled speed and precision. Land surveys are a first step to innovating multiple legacy businesses and inefficient processes with our DaaS model and our drones.”

The land survey company offers comprehensive services include boundary surveys, topographic and site planning surveys, ALTA (American Land Title Association) / ACSM (American Congress on Surveying and Mapping) surveys, construction staking, and other essential survey solutions for permitting, financing, and construction across city, county, and commercial sectors.

ZenaTech’s Drone as a Service (DaaS) business model offers both business and government customers reduced costs and convenience to utilize drones to streamline legacy processes and manual tasks such as inspections, surveying, maintenance, precision agriculture and inventory management ─ there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs and utilizes ZenaDrone’s multifunction AI autonomous drones.

The company has closed five acquisitions across the US to date as part of its DaaS business model and strategy and has announced it plans to complete 20 more acquisitions in the next 12 months. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

Other recent developments in the markets include:

Ondas Holdings Inc. (NASDAQ: ONDS), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, recently announced that its subsidiary, American Robotics Inc., has entered into a strategic partnership with Mistral Inc. (“Mistral”), a Maryland-based business development and defense contracting firm. The agreement focuses on joint marketing, sales, and integration of the Optimus drone system and Iron Drone Raider into the United States defense and homeland security markets.

Under the agreement, Mistral will support American Robotics’ business development by opening sales channels through its well-established relationships with U.S. governmental buyers, including federal, state, local law enforcement, military, and homeland security entities. The initial term of the agreement is three years, with an automatic renewal option and a structured success fee model based on realized sales.

AeroVironment, Inc. (NASDAQ: AVAV) (“AeroVironment” or the “Company”) recently reported financial results for the fiscal fourth quarter and year ended April 30, 2025.

Fourth Quarter and Fiscal Year Highlights Were: Record fourth quarter revenue of $275.1 million and fiscal year revenue of $820.6, up 40% and 14% year-over-year, respectively; Fourth quarter and fiscal year net income of $16.7 million and $43.6 million, respectively and record fourth quarter and fiscal year non-GAAP adjusted EBITDA of $61.6 million and $146.4 million, respectively; and Record fiscal year bookings of $1.2 billion

“AeroVironment finished out fiscal year 2025 with a remarkable fourth quarter, which included record revenue, significantly higher profits and a robust backlog nearly double that from fiscal year 2024,” said Wahid Nawabi, AeroVironment chairman, president and chief executive officer. “The investments we’ve consistently made in our multi-generational Uncrewed Systems and Loitering Munition Systems products coupled with our strong execution, continue to pay off, as evidenced by significantly higher demand and key strategic wins leading to a record $1.2 billion in total bookings throughout this fiscal year.”

Nawabi continued, “Our acquisition of BlueHalo further advances our leadership position within the defense-technology sector by adding a complementary portfolio of innovative products and capabilities aligned to our customers’ highest priorities. With integrated solutions across every domain of modern warfare, enhanced innovation and domestic manufacturing scale, we believe we are well positioned to meet the rising demand across the globe and drive strong growth and value creation in fiscal year 2026 and beyond.”

AIRO Group Holdings, Inc. (NASDAQ: AIRO) recently announced that Company executives, including Executive Chairman and Co-Founder Dr. Chirinjeev Kathuria and CEO and Co-Founder Joe Burns, attended the 55th edition of the Paris Air Show, which took place from June 16 to June 22, 2025, in Paris, France.

Shares of AIRO common stock began trading on the Nasdaq Global Market under the ticker symbol “AIRO” on June 13, 2025. AIRO’s market debut comes amid strong historical financial performance for the Company and underscores its commitment to an integrated portfolio of cutting-edge technologies, including the development of fully autonomous AI-enabled surveillance drones, eVTOL hybrid and electric cargo aircraft, advanced avionics systems and comprehensive flight operations training solutions. In 2024, AIRO achieved over $86 million in revenue, reflecting growth of more than 100% from the previous year. This increase is attributed to an increase in drone shipments and support revenue driven by market entry strategies to target NATO member countries.

“The strength of AIRO lies in its diversified yet complementary portfolio of products and services, all centered around a unified aerospace and defense ecosystem,” said Executive Chairman, Dr. Chirinjeev Kathuria. “AIRO’s complementary business segments, with strategic locations in the US, Canada, and Europe, provide unparalleled access for our global client base. With significant year-over-year revenue and EBITDA growth, we believe our offerings are essential for both current and future operational landscapes.”

EHang Holdings Limited (NASDAQ: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, recently announced the expansion of its strategic partnership with Gotion High-Tech Co., Ltd. (“Gotion”), a leading innovator in power battery solutions. Building on a power system framework agreement signed in December 2023, this enhanced collaboration marks a significant step forward in powering the electric vertical take-off and landing (“eVTOL”) aircraft. Under the upgraded partnership, the two companies will jointly advance the development of power systems for EHang’s flagship EH216 series of pilotless eVTOL aircraft, with plans to extend their collaboration to future aircraft models. By leveraging cutting-edge battery technologies, the partnership aims to accelerate the advancement of a safe, intelligent, and sustainable low-altitude transportation ecosystem and contribute to the high-quality development of the low-altitude economy.

As part of the agreement, Gotion will deliver a customized battery solution tailored to the EH216 series. At the core of the solution is Gotion’s newly developed 46-series cylindrical battery cell, which offers high energy density and robust power output. The next-generation battery system is expected to significantly enhance the EH216 series aircraft in flight range, thrust performance, and operational safety — further improving the aircraft’s efficiency across a variety of use cases and strengthening its readiness for future scaled commercial deployment.

About FN Media Group:

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DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

SOURCE: FN Media Group

The MIL Network –

June 27, 2025
MIL-OSI: Rising Demand for Drones for Commercial & Military Applications Becoming a Booming Revenue Opportunity

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., June 26, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Unmanned Aerial Vehicle (UAV) imagery service providers have been offering innovative opportunities for businesses in the construction & agriculture industries and widening their potential application base to enable predictive and actuation capabilities. These capabilities offer significant advantages, such as quality improvements, risk mitigation, and cost reduction, thereby providing a competitive advantage to adopters. Drones and their sensors provide companies with significant data, multiplying applications and capabilities within their business processes. Analyzing the obtained information improves predictive/preventive maintenance and operational intelligence. Companies increasingly adopt data management platforms to process and analyze information for detecting and classifying notable events and creating reports. A report from Grand View Research said that the global drone data services market size is anticipated to grow at a CAGR of 39.0% through 2030. The market growth is attributed to the increasing need for drone information analysis amongst businesses worldwide to perform various critical tasks remotely, such as automated mapping, cadastral surveying, corridor surveying, volumetric calculations, and LiDAR mapping. Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Ondas Holdings Inc. (NASDAQ: ONDS), AeroVironment, Inc. (NASDAQ: AVAV), AIRO Group Holdings, Inc. (NASDAQ: AIRO), EHang Holdings Limited (NASDAQ: EH).

The Grand View Research report said: “Drone data service providers are expected to gain prominence by empowering companies globally to utilize UAV imagery better. This can be achieved by converting it into actionable information in simple 3D models, Digital Elevation Models (DEMs), and orthomosaic maps. An increasing number of companies are now seeking to enter the UAV software space and develop software to provide aerial imagery analysis and mapping solutions for the commercial sector. Businesses worldwide are increasingly using drones across a wide range of industries. Farmers are utilizing maps generated with drone software to identify areas of damage & crop variation, diagnose the potential causes for damages, such as pests, equipment malfunctioning, and irrigation problems, and prescribe solutions such as variable-rate nitrogen applications. The 3D modeling & DEM segment is expected to grow at the fastest CAGR of 40.5% during the forecast period. The advancements in drone technology have enabled the collection of high-resolution aerial data, which can be processed to create detailed and precise 3D models and DEMs. It has significantly enhanced the accuracy and efficiency of data analysis and decision-making processes in industries that rely on geospatial information.”

ZenaTech (NASDAQ:ZENA) Signs Offer to Acquire North Carolina Land Surveying Company to Expand State Operations and Government Customers – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, announces it has signed an offer to acquire a well-established North Carolina-based land surveying company with a strong government customer base. The proposed acquisition expands operations in the state when combined with a previously announced proposed land survey acquisition with operations in North Carolina. With over three decades of success serving government agencies, municipal governments, construction companies, and real estate developers, this strategic acquisition would significantly advance the company’s regional market penetration as well as growth in the US Southeast.

“This proposed acquisition aligns with our strategy to build a robust, scalable, national Drone as a Service business while empowering strong regional and local hubs and recurring revenue opportunities,” said Shaun Passley, Ph.D., ZenaTech CEO. “We plan to embed AI-powered drone technology into critical land survey workflows providing unparalleled speed and precision. Land surveys are a first step to innovating multiple legacy businesses and inefficient processes with our DaaS model and our drones.”

The land survey company offers comprehensive services include boundary surveys, topographic and site planning surveys, ALTA (American Land Title Association) / ACSM (American Congress on Surveying and Mapping) surveys, construction staking, and other essential survey solutions for permitting, financing, and construction across city, county, and commercial sectors.

ZenaTech’s Drone as a Service (DaaS) business model offers both business and government customers reduced costs and convenience to utilize drones to streamline legacy processes and manual tasks such as inspections, surveying, maintenance, precision agriculture and inventory management ─ there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs and utilizes ZenaDrone’s multifunction AI autonomous drones.

The company has closed five acquisitions across the US to date as part of its DaaS business model and strategy and has announced it plans to complete 20 more acquisitions in the next 12 months. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

Other recent developments in the markets include:

Ondas Holdings Inc. (NASDAQ: ONDS), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, recently announced that its subsidiary, American Robotics Inc., has entered into a strategic partnership with Mistral Inc. (“Mistral”), a Maryland-based business development and defense contracting firm. The agreement focuses on joint marketing, sales, and integration of the Optimus drone system and Iron Drone Raider into the United States defense and homeland security markets.

Under the agreement, Mistral will support American Robotics’ business development by opening sales channels through its well-established relationships with U.S. governmental buyers, including federal, state, local law enforcement, military, and homeland security entities. The initial term of the agreement is three years, with an automatic renewal option and a structured success fee model based on realized sales.

AeroVironment, Inc. (NASDAQ: AVAV) (“AeroVironment” or the “Company”) recently reported financial results for the fiscal fourth quarter and year ended April 30, 2025.

Fourth Quarter and Fiscal Year Highlights Were: Record fourth quarter revenue of $275.1 million and fiscal year revenue of $820.6, up 40% and 14% year-over-year, respectively; Fourth quarter and fiscal year net income of $16.7 million and $43.6 million, respectively and record fourth quarter and fiscal year non-GAAP adjusted EBITDA of $61.6 million and $146.4 million, respectively; and Record fiscal year bookings of $1.2 billion

“AeroVironment finished out fiscal year 2025 with a remarkable fourth quarter, which included record revenue, significantly higher profits and a robust backlog nearly double that from fiscal year 2024,” said Wahid Nawabi, AeroVironment chairman, president and chief executive officer. “The investments we’ve consistently made in our multi-generational Uncrewed Systems and Loitering Munition Systems products coupled with our strong execution, continue to pay off, as evidenced by significantly higher demand and key strategic wins leading to a record $1.2 billion in total bookings throughout this fiscal year.”

Nawabi continued, “Our acquisition of BlueHalo further advances our leadership position within the defense-technology sector by adding a complementary portfolio of innovative products and capabilities aligned to our customers’ highest priorities. With integrated solutions across every domain of modern warfare, enhanced innovation and domestic manufacturing scale, we believe we are well positioned to meet the rising demand across the globe and drive strong growth and value creation in fiscal year 2026 and beyond.”

AIRO Group Holdings, Inc. (NASDAQ: AIRO) recently announced that Company executives, including Executive Chairman and Co-Founder Dr. Chirinjeev Kathuria and CEO and Co-Founder Joe Burns, attended the 55th edition of the Paris Air Show, which took place from June 16 to June 22, 2025, in Paris, France.

Shares of AIRO common stock began trading on the Nasdaq Global Market under the ticker symbol “AIRO” on June 13, 2025. AIRO’s market debut comes amid strong historical financial performance for the Company and underscores its commitment to an integrated portfolio of cutting-edge technologies, including the development of fully autonomous AI-enabled surveillance drones, eVTOL hybrid and electric cargo aircraft, advanced avionics systems and comprehensive flight operations training solutions. In 2024, AIRO achieved over $86 million in revenue, reflecting growth of more than 100% from the previous year. This increase is attributed to an increase in drone shipments and support revenue driven by market entry strategies to target NATO member countries.

“The strength of AIRO lies in its diversified yet complementary portfolio of products and services, all centered around a unified aerospace and defense ecosystem,” said Executive Chairman, Dr. Chirinjeev Kathuria. “AIRO’s complementary business segments, with strategic locations in the US, Canada, and Europe, provide unparalleled access for our global client base. With significant year-over-year revenue and EBITDA growth, we believe our offerings are essential for both current and future operational landscapes.”

EHang Holdings Limited (NASDAQ: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, recently announced the expansion of its strategic partnership with Gotion High-Tech Co., Ltd. (“Gotion”), a leading innovator in power battery solutions. Building on a power system framework agreement signed in December 2023, this enhanced collaboration marks a significant step forward in powering the electric vertical take-off and landing (“eVTOL”) aircraft. Under the upgraded partnership, the two companies will jointly advance the development of power systems for EHang’s flagship EH216 series of pilotless eVTOL aircraft, with plans to extend their collaboration to future aircraft models. By leveraging cutting-edge battery technologies, the partnership aims to accelerate the advancement of a safe, intelligent, and sustainable low-altitude transportation ecosystem and contribute to the high-quality development of the low-altitude economy.

As part of the agreement, Gotion will deliver a customized battery solution tailored to the EH216 series. At the core of the solution is Gotion’s newly developed 46-series cylindrical battery cell, which offers high energy density and robust power output. The next-generation battery system is expected to significantly enhance the EH216 series aircraft in flight range, thrust performance, and operational safety — further improving the aircraft’s efficiency across a variety of use cases and strengthening its readiness for future scaled commercial deployment.

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SOURCE: FN Media Group

The MIL Network –

June 27, 2025
MIL-OSI: ibex Ranked a Leader in Frost & Sullivan’s Radar™ for Customer Experience Management Outsourcing

Source: GlobeNewswire (MIL-OSI)

WASHINGTON, June 26, 2025 (GLOBE NEWSWIRE) — ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and AI-powered customer engagement technology solutions, today announced it has been ranked as a Leader in the Frost Radar™ Customer Experience Management Outsourcing 2025 report for both North America and Latin America.

“We are proud to be named a Leader by Frost & Sullivan in its highly respected Frost Radar™ report for CX management outsourcing, which accurately reflects ibex’s position as one of the most dynamic and visionary BPOs in the industry,” said Bob Dechant, CEO of ibex. “ibex has been disrupting the CX industry with innovative agent assist technology and raising the bar on world-class CX for more than a decade, and we are at it again today. From award-winning AI-assisted live agent support to lifelike autonomous customer interactions, we automate the routine and empower human agents to solve the complex.”

The Frost Radar™ is a proprietary, data-driven benchmarking tool that evaluates companies based on their focus on continuous innovation and their ability to convert that innovation into sustained growth. ibex outperformed in both innovation and growth, reflecting its winning AI strategy and market-leading performance.

“ibex earned a leadership position in this year’s Frost Radar™ because of its unique innovation capabilities, elevated adoption rates, nimbleness, and unusually high growth rates in non-traditional businesses,” said Sebastian Menutti, Industry Director at Frost & Sullivan. “A key aspect of ibex’s success is its investment in advanced technology and proprietary platforms. The company’s Wave iX AI solutions platform is a game-changer and underscores its commitment to technology-driven CX management.”

The report noted that ibex’s cutting-edge Wave iX platform serves as the cornerstone of the company’s AI-powered CX strategy, enhancing CX through predictive analytics, automation, and real-time business intelligence. The report further noted that by embedding AI and automation into daily operations, ibex ensures seamless technology integration, enabling real-time performance tracking and efficiency analysis.

The report also stated that a major success driver for ibex is its commitment to employee development and career progression. A remarkable 95% of leaders started out as agents before advancing into management positions, helping to foster experienced leadership and strengthen employee loyalty and engagement.

“Next-generation CX takes more than just technology; it takes deep understanding of the customer journey, unparalleled business analytics, a remarkable workforce, and a proven track record of flawless execution and rapid deployment,” added Dechant. “We design and implement bespoke solutions that meet our clients’ unique needs in weeks, not months, ensuring exceptional customer outcomes at scale. ibex brings it all together!”

About ibex
ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage and retain valuable customers. Today, ibex operates a global CX delivery center model consisting of approximately 30 operations facilities around the world, while deploying next generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

ibex leverages its diverse global team of more than 31,000 employees together with industry-leading technology, including its AI-powered ibex Wave iX solutions suite, to manage nearly 175 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

Media Contact:
Dan Burris
ibex
Daniel.Burris@ibex.co

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8058762e-db5d-4bd3-8a99-ee4349da15d1

The MIL Network –

June 27, 2025
MIL-OSI: Top-Producing, Chicago-Based Loan Officer Moves Back to Rate from CrossCountry Mortgage

Source: GlobeNewswire (MIL-OSI)

CHICAGO, June 26, 2025 (GLOBE NEWSWIRE) — Rate, a leading fintech company, proudly announces that Chad Barris, one of the country’s top-producing mortgage originators, has returned to the company.

A 20-year industry veteran and Scotsman Guide Top 1% Mortgage Originator, Barris rejoins Rate after a seven-year tenure at CrossCountry Mortgage, reaffirming the company’s unmatched ability to support top-tier loan officers in delivering excellent service to homebuyers.

Barris brings decades of experience, consistently ranking among the nation’s highest performers thanks to his commitment to client service, market insight, and relationship-first approach. With a proven history of helping individuals and families achieve homeownership, his return signals Rate’s continued draw for elite talent seeking long-term growth and results.

“After a meaningful seven-year chapter with my previous group, I’m excited to take the next step in my career—one that aligns with my goals for growth and development,” said Barris. “I’m deeply grateful for the experiences and relationships I’ve built along the way. Change is never easy, but it often leads to breakthroughs. I’m ready to grow in new ways and thrilled to begin this next chapter at Rate.”

“We are thrilled to announce that Chad has rejoined Rate!” said Jeff Nelson, Chief Production Officer, East at Rate. “As a Scotsman Guide Top 1% Originator with over 20 years of mortgage experience, Chad brings unparalleled expertise. His success is rooted in exceptional customer service and helping clients achieve their dreams of homeownership. Welcome back to the Rate family, Chad!”

Rate continues to attract and retain the industry’s best by offering a platform purpose-built for originator success, combining AI technology, streamlined operations, and an unmatched support system. The company’s national footprint and infrastructure enable loan officers to scale their business and provide borrowers with a modern, efficient lending experience.

About Rate

Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington, D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans, refinances, and home equity loans. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Recent honors and awards include: a Best Mortgage Lender of 2025 by Fortune; Best Mortgage Lender of 2025 for First-Time Homebuyers by Forbes; a Best Mortgage Lender of 2025 for FHA Loans, Home Equity Loans, and Lower Credit Scores by NerdWallet; Best Mortgage Lender of 2025 for Digital Experience and Down Payment Assistance by Motley Fool; Chicago Agent Magazine’s Lender of the Year for seven consecutive years. Visit rate.com for more information.

Media Contact:
press@rate.com

The MIL Network –

June 27, 2025
MIL-OSI: Crown of Life and Financial Harvest Announce First NFL Player Affiliation

Source: GlobeNewswire (MIL-OSI)

WINTER PARK, Fla., June 26, 2025 (GLOBE NEWSWIRE) — Crown of Life Advisors proudly announces its affiliation with NFL wide receiver Jaylin Lane. Crown of Life is a division of Financial Harvest Wealth Advisors, dedicated to providing personalized wealth management and financial planning services to collegiate and professional athletes. With firsthand insights into the unique demands and decisions athletes face, from NIL to contracts to post-career asset management, Crown of Life takes athletes beyond what is thought possible with their wealth.

Lane, a former wide receiver at Virginia Tech, was the 26th pick in the fourth round of the 2025 NFL Draft. As part of the Washington Commanders, Lane is projected to start immediately as a punter/kick returner and will compete for playing time his first year, most likely as a Slot Receiver or “WR3”. The National Football League Players Association recognized Lane as a Premier Rookie for 2025.

Kellen H. Williams, Principal and Wealth Advisor at Financial Harvest and co-founder of Crown of Life Advisors, said, “Most advisors see dollar signs when an athlete walks in. I see someone juggling 5 a.m. workouts, game film, memorizing a playbook, and family obligations while attempting to make sense of a signing bonus. By working with our team, Jaylin is well-positioned to focus on this important next step in his life. He can devote his energy to his career, confident that Crown of Life is working in partnership with him now, and for decades ahead.”

Kellen is a CERTIFIED FINANCIAL PLANNER™, and holds FINRA Series 7, 66, 9 and 10. He played four years of Division I NCAA football at Vanderbilt University. He is the son of Reggie Williams, an NFL legend, and the brother of state and national championship winners in track and field and wrestling. His older brother is a professional mixed martial artist and coach. “I have an understanding of the athlete’s experience because I have personally witnessed or lived the challenges of elite athletes at every level.”

Follow Crown of Life Advisors on Facebook, Instagram and TikTok.

About Financial Harvest Wealth Advisors

David Witter, a CERTIFIED FINANCIAL PLANNER™ and a Certified Succession Planner™ in partnership with his wife, Katie M. Witter, licensed fiduciary Investment Advisor, Certified Succession Planner™, Wealth Advisor and Strategist, and their carefully curated team of financial industry professionals provide customized, fee-based financial planning and wealth advisory services. Clients typically hold at least $1 million in assets for investment purposes. Financial Harvest is majority owned by women and minorities.

info@financialharvest.com

The MIL Network –

June 27, 2025
MIL-OSI: Lingokids Partners with Animaj to Launch Pocoyo Content on Its App

Source: GlobeNewswire (MIL-OSI)

LOS ANGELES, June 26, 2025 (GLOBE NEWSWIRE) — Lingokids, the #1 interactive app for children ages 2–8, has announced a new partnership with Animaj, the next-generation media company behind the globally beloved preschool brand Pocoyo. Through this collaboration, Pocoyo and his friends are now featured in a dedicated content hub within the Lingokids app, combining entertainment and learning for young children.

Narrated in English by the acclaimed British actor Stephen Fry, Pocoyo is an iconic Hispanic brand with broad international appeal. This partnership marks only the second time Lingokids has partnered with an external intellectual property, further expanding its mission to offer families engaging, guilt-free screen time.

Lingokids users can now enjoy original Pocoyo episodes and exclusive interactive games developed by the Lingokids team. Additional content will be added in the coming months, all designed to support key developmental areas such as vocabulary, creativity, numeracy, problem-solving, and emotional intelligence.

“Lingokids and Animaj both believe that learning should be fun,” said Cristóbal Viedma, Founder and CEO of Lingokids. “By welcoming Pocoyo into the Lingokids universe, we’re offering families even more meaningful and playful experiences that support children’s growth.”

All Pocoyo games within the app are built around Lingokids’ Playlearning™ methodology—an approach that blends educational outcomes with active, engaging play. The content is personalized to each child’s age and developmental stage, creating an immersive and safe learning environment.

“We’re thrilled to bring Pocoyo to Lingokids,” added Lise Cosentino, Head of Brand Management and Communications at Animaj. “Their Playlearning™ philosophy aligns beautifully with our values, and we’re excited for families to discover the exclusive new games featuring our characters.”

This launch follows Lingokids’ successful collaboration with Moonbug Entertainment and further establishes the brand’s commitment to enriching its platform with high-quality, third-party children’s content that is both fun and educational.

Animaj recently raised $85 million to fuel its mission of transforming iconic children’s IPs into global, multi-format franchises using its proprietary AI-driven production pipeline.

About Animaj
Animaj is a next-generation media company that revitalizes iconic kids’ IPs into global franchises using an AI-driven, digital-first approach. Reaching 242 million unique monthly viewers on YouTube, Animaj commands the fifth-largest digital kids’ audience globally (source: Tubular Labs).

About Lingokids
Lingokids is the EdTech and media company behind the world’s #1 interactive learning app for kids ages 2–8. With over 165 million downloads worldwide, the app features thousands of games, videos, and songs that support academic and life skills development in a safe, ad-free environment. Learn more at www.lingokids.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/30c628fe-05de-41d6-91d2-3f1330765432

The MIL Network –

June 27, 2025
MIL-OSI: Micron Elevates PC Performance, Unveils Adaptive Write Technology and G9 QLC NAND
Source: GlobeNewswire (MIL-OSI)

A Media Snippet accompanying this announcement is available in this link.

BOISE, Idaho, June 26, 2025 (GLOBE NEWSWIRE) — SSDs are vital to enhancing user experience and system performance for PCs and client devices. Micron Technology, Inc. (Nasdaq: MU) today announced the Micron 2600 NVMe™ SSD, a value client storage solution designed for OEMs. Built with the industry’s first 9th-generation QLC NAND in an SSD, the 2600 SSD features Micron’s innovative Adaptive Write Technology™ (AWT) to deliver exceptional PCIe Gen4 performance with QLC economics.¹ The Micron 2600 SSD achieves up to 63% faster sequential write and 49% faster random write speeds than competing value QLC and TLC SSDs,² offering a best-in-class user experience for demanding client users.

“The Micron 2600 QLC SSD achieves superior performance compared to competitive value TLC drives,” said Mark Montierth, corporate vice president and general manager of the Mobile and Client Business Unit at Micron Technology. “Micron’s unparalleled combination of high-performance G9 NAND and innovative Adaptive Write Technology unlocks the performance previously only considered possible with TLC drives and is in qualification with Micron’s OEM customers. This Micron innovation milestone allows for broader commercial adoption of QLC NAND.”

Optimized QLC NAND performance

Micron AWT improves the write performance of QLC NAND by delivering an industry-first multi-tiered SLC, TLC and QLC dynamic caching architecture to improve sequential write speeds. Improved write performance provides up to four times faster sequential write speeds while continuously writing up to 800GB of data to a 2TB SSD.³

The cutting-edge six-plane NAND architecture of Micron’s 2Tb G9 QLC NAND allows for higher degrees of parallelism and increases read and write commands issued to the NAND simultaneously to improve performance. With speeds up to 3.6 GB/s, the 2600 SSD offers the fastest NAND I/O rate now shipping in a client SSD.⁴

Storage matters
Powerful PC storage solutions enable improved application productivity and optimized user experience. The Micron 2600 SSD transforms everyday computing experiences, significantly boosting productivity for commonly used applications.
- Enhanced performance: The 2600 SSD accelerates data access, along with read and write speeds, leading to quicker boot times, faster application launch time and enhanced system responsiveness. Reduced OS image installation time ensures more efficient manufacturing process and fast commercial PC drive imaging for IT departments.
- AI PC applications: Storage performance is a key contributor to advancements in AI-driven applications. The 2600 SSD’s fast read access allows AI models to be loaded quickly, enabling seamless transitions between tasks.
- User experience: AWT helps ensure active data is optimally stored in the SSD, resulting in smoother performance for content creation, casual gaming and everyday computing. In PCMark^® 10 testing, the 2600 SSD achieved up to 44% better scoring and 43% better bandwidth versus competitive value TLC SSDs, helping demonstrate the excellent user experience provided by the 2600 SSD.⁵
The Micron 2600 NVMe SSD is now shipping to OEMs globally in 22x30mm, 22x42mm, and 22x80mm form factors, with capacities ranging from 512GB to 2TB. The variation of smaller form factors, capacity options and a single-sided design is perfect for handhelds, ultra-thin laptops and workstations. For example, the compact 2TB, 22x30mm form factor is ultra-small and high-capacity for use in limited-space designs such as handheld gaming devices.

For more information, visit the Micron 2600 Client SSD webpage.

Industry quotes

“The Micron 2600 QLC SSD is one of the best examples of client storage, bringing high-capacity, efficient and responsive performance to modern computing. As AMD advances processor technology, Micron’s innovations help users get the best possible user experience for everyday applications,” said Joe Macri, senior vice president and chief technology officer of Compute and Graphics at AMD.

“Building upon Micron’s legacy of NAND innovation, the Micron G9 QLC NAND has the potential to set a new level of performance for QLC NAND. As part of our ongoing collaborative efforts, IBM is eager for the opportunity to integrate this exceptional NAND into our products,” said Alistair Symon, vice president of Storage Systems Development at IBM Storage.

“The Micron 2600 SSD is a groundbreaking product that showcases the power and potential of Intel’s latest technology. We are excited to see this innovative solution transform the industry and drive new levels of performance for value SSDs on Intel Platforms. Furthermore, the Micron 2600 SSD is now included on Intel’s Platform Component List (PCL),” said Todd Lewellen, vice president of the Client Ecosystem Group at Intel.

“The Micron 2600 SSD, powered by Phison’s industry-leading E29T controller, supports high NAND flash speeds, redefining user experiences for value-based client SSDs. In the data center storage realm, Micron’s G9 QLC NAND marks a significant technological advancement that will bolster our lightning-fast Pascari enterprise drives,” said K.S. Pua, chief executive officer at Phison.

“Micron G9 QLC NAND is a substantial leap forward in QLC NAND technology. Pure Storage continues to lead the way in QLC NAND deployment for the enterprise, and now for hyperscale customers. The initiation of the testing and implementation phases for the innovative Micron G9 QLC NAND marks a significant milestone for both companies,” said Bill Cerreta, vice president and general manager of Hyperscale at Pure Storage.

Additional resources:

About Micron Technology, Inc.
Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron^® and Crucial^® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

Micron Product and Technology Communications Contact:
Mengxi Liu Evensen
+1 (408) 444-2276
productandtechnology@micron.com

Micron Investor Relations Contact
Satya Kumar
+1 (408) 450-6199
satyakumar@micron.com

¹ AWT is available on select 2600 SSD SKUs and may not be available from every OEM.

² SSD comparisons are based on currently in-production, commonly available 2TB QLC & value TLC NAND client SSDs from the top five competitive suppliers of OEM SSDs by revenue (using 1TB where the supplier does not offer 2TB), excluding consoles and Apple® products, as per Forward Insights analyst report, “SSD Supplier Status Q1/25”. Performance comparisons are based on publicly available data sheet information.

³ Refers to rated capacity, formatted capacity will be less, 1TB = 1 trillion bytes. AWT accelerates large file transfers for 40% of the SSD capacity based on internal Micron testing results.

⁴ Statements are based on publicly available information and Micron lab testing results available at the time of product announcement. NAND analysis based on production NAND from the top five competitive NAND suppliers, as noted in the Forward Insights analyst report, “NAND Quarterly Insights Q1/25.” SSD analysis is based on currently in-production, commonly available 2TB QLC & value TLC client SSDs from the top five competitive suppliers of OEM SSDs by revenue (using 1TB where the supplier does not offer 2TB), excluding consoles and Apple® products, as per Forward Insights analyst report, “SSD Supplier Status Q1/25.”

⁵ The PCMark 10 Full System Drive Benchmark suite uses a wide-ranging set of real-world traces from popular applications such as Adobe and Microsoft, along with PC games such as Call of Duty, to fully test common tasks and performance of the fastest modern drives.

The MIL Network –
June 27, 2025
MIL-OSI: Micron Elevates PC Performance, Unveils Adaptive Write Technology and G9 QLC NAND
Source: GlobeNewswire (MIL-OSI)

A Media Snippet accompanying this announcement is available in this link.

BOISE, Idaho, June 26, 2025 (GLOBE NEWSWIRE) — SSDs are vital to enhancing user experience and system performance for PCs and client devices. Micron Technology, Inc. (Nasdaq: MU) today announced the Micron 2600 NVMe™ SSD, a value client storage solution designed for OEMs. Built with the industry’s first 9th-generation QLC NAND in an SSD, the 2600 SSD features Micron’s innovative Adaptive Write Technology™ (AWT) to deliver exceptional PCIe Gen4 performance with QLC economics.¹ The Micron 2600 SSD achieves up to 63% faster sequential write and 49% faster random write speeds than competing value QLC and TLC SSDs,² offering a best-in-class user experience for demanding client users.

“The Micron 2600 QLC SSD achieves superior performance compared to competitive value TLC drives,” said Mark Montierth, corporate vice president and general manager of the Mobile and Client Business Unit at Micron Technology. “Micron’s unparalleled combination of high-performance G9 NAND and innovative Adaptive Write Technology unlocks the performance previously only considered possible with TLC drives and is in qualification with Micron’s OEM customers. This Micron innovation milestone allows for broader commercial adoption of QLC NAND.”

Optimized QLC NAND performance

Micron AWT improves the write performance of QLC NAND by delivering an industry-first multi-tiered SLC, TLC and QLC dynamic caching architecture to improve sequential write speeds. Improved write performance provides up to four times faster sequential write speeds while continuously writing up to 800GB of data to a 2TB SSD.³

The cutting-edge six-plane NAND architecture of Micron’s 2Tb G9 QLC NAND allows for higher degrees of parallelism and increases read and write commands issued to the NAND simultaneously to improve performance. With speeds up to 3.6 GB/s, the 2600 SSD offers the fastest NAND I/O rate now shipping in a client SSD.⁴

Storage matters
Powerful PC storage solutions enable improved application productivity and optimized user experience. The Micron 2600 SSD transforms everyday computing experiences, significantly boosting productivity for commonly used applications.
- Enhanced performance: The 2600 SSD accelerates data access, along with read and write speeds, leading to quicker boot times, faster application launch time and enhanced system responsiveness. Reduced OS image installation time ensures more efficient manufacturing process and fast commercial PC drive imaging for IT departments.
- AI PC applications: Storage performance is a key contributor to advancements in AI-driven applications. The 2600 SSD’s fast read access allows AI models to be loaded quickly, enabling seamless transitions between tasks.
- User experience: AWT helps ensure active data is optimally stored in the SSD, resulting in smoother performance for content creation, casual gaming and everyday computing. In PCMark^® 10 testing, the 2600 SSD achieved up to 44% better scoring and 43% better bandwidth versus competitive value TLC SSDs, helping demonstrate the excellent user experience provided by the 2600 SSD.⁵
The Micron 2600 NVMe SSD is now shipping to OEMs globally in 22x30mm, 22x42mm, and 22x80mm form factors, with capacities ranging from 512GB to 2TB. The variation of smaller form factors, capacity options and a single-sided design is perfect for handhelds, ultra-thin laptops and workstations. For example, the compact 2TB, 22x30mm form factor is ultra-small and high-capacity for use in limited-space designs such as handheld gaming devices.

For more information, visit the Micron 2600 Client SSD webpage.

Industry quotes

“The Micron 2600 QLC SSD is one of the best examples of client storage, bringing high-capacity, efficient and responsive performance to modern computing. As AMD advances processor technology, Micron’s innovations help users get the best possible user experience for everyday applications,” said Joe Macri, senior vice president and chief technology officer of Compute and Graphics at AMD.

“Building upon Micron’s legacy of NAND innovation, the Micron G9 QLC NAND has the potential to set a new level of performance for QLC NAND. As part of our ongoing collaborative efforts, IBM is eager for the opportunity to integrate this exceptional NAND into our products,” said Alistair Symon, vice president of Storage Systems Development at IBM Storage.

“The Micron 2600 SSD is a groundbreaking product that showcases the power and potential of Intel’s latest technology. We are excited to see this innovative solution transform the industry and drive new levels of performance for value SSDs on Intel Platforms. Furthermore, the Micron 2600 SSD is now included on Intel’s Platform Component List (PCL),” said Todd Lewellen, vice president of the Client Ecosystem Group at Intel.

“The Micron 2600 SSD, powered by Phison’s industry-leading E29T controller, supports high NAND flash speeds, redefining user experiences for value-based client SSDs. In the data center storage realm, Micron’s G9 QLC NAND marks a significant technological advancement that will bolster our lightning-fast Pascari enterprise drives,” said K.S. Pua, chief executive officer at Phison.

“Micron G9 QLC NAND is a substantial leap forward in QLC NAND technology. Pure Storage continues to lead the way in QLC NAND deployment for the enterprise, and now for hyperscale customers. The initiation of the testing and implementation phases for the innovative Micron G9 QLC NAND marks a significant milestone for both companies,” said Bill Cerreta, vice president and general manager of Hyperscale at Pure Storage.

Additional resources:

About Micron Technology, Inc.
Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron^® and Crucial^® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

Micron Product and Technology Communications Contact:
Mengxi Liu Evensen
+1 (408) 444-2276
productandtechnology@micron.com

Micron Investor Relations Contact
Satya Kumar
+1 (408) 450-6199
satyakumar@micron.com

¹ AWT is available on select 2600 SSD SKUs and may not be available from every OEM.

² SSD comparisons are based on currently in-production, commonly available 2TB QLC & value TLC NAND client SSDs from the top five competitive suppliers of OEM SSDs by revenue (using 1TB where the supplier does not offer 2TB), excluding consoles and Apple® products, as per Forward Insights analyst report, “SSD Supplier Status Q1/25”. Performance comparisons are based on publicly available data sheet information.

³ Refers to rated capacity, formatted capacity will be less, 1TB = 1 trillion bytes. AWT accelerates large file transfers for 40% of the SSD capacity based on internal Micron testing results.

⁴ Statements are based on publicly available information and Micron lab testing results available at the time of product announcement. NAND analysis based on production NAND from the top five competitive NAND suppliers, as noted in the Forward Insights analyst report, “NAND Quarterly Insights Q1/25.” SSD analysis is based on currently in-production, commonly available 2TB QLC & value TLC client SSDs from the top five competitive suppliers of OEM SSDs by revenue (using 1TB where the supplier does not offer 2TB), excluding consoles and Apple® products, as per Forward Insights analyst report, “SSD Supplier Status Q1/25.”

⁵ The PCMark 10 Full System Drive Benchmark suite uses a wide-ranging set of real-world traces from popular applications such as Adobe and Microsoft, along with PC games such as Call of Duty, to fully test common tasks and performance of the fastest modern drives.

The MIL Network –
June 27, 2025
MIL-OSI: BTCC Exchange Maintains 135% Total Reserve Ratio in June 2025 Proof-of-Reserves Report Amid Market Volatility
Source: GlobeNewswire (MIL-OSI)

VILNIUS, Lithuania, June 26, 2025 (GLOBE NEWSWIRE) — BTCC, one of the world’s longest-operating cryptocurrency exchanges, releases its June 2025 roof-of-Reserves (PoR) report, demonstrating a strong 135% total reserve ratio as of June 15, 2025. The report reinforces BTCC’s commitment to transparency and user asset security during a period of heightened market volatility.

The comprehensive June PoR report reveals robust reserve ratios across all major cryptocurrencies:
- Bitcoin (BTC): 131%
- Ethereum (ETH): 133%
- Ripple (XRP): 161%
- Tether (USDT): 120%
- USD Coin (USDC): 134%
- Cardano (ADA): 116%
These figures significantly exceed the industry standard of 100%, providing users with enhanced security and confidence in their cryptocurrency holdings.

“Despite the impact of global macroeconomic events in June causing significant fluctuations in crypto market sentiment, overall market confidence continues to recover,” said Alex Hung, Head of Operations at BTCC Exchange.

“In terms of asset security, BTCC has always adhered to the principle of steady operation. Currently, our overall reserve ratio is at 135%, consistently higher than the industry benchmark of 100%, which fully safeguards user asset security.”

This latest PoR report continues BTCC’s monthly transparency initiative, following strong performances in previous months, with May 2025 showing a 152% total reserve ratio and April 2025 demonstrating a 161% asset backing ratio.

BTCC’s commitment to transparency and user protection comes as the exchange celebrates its 14th anniversary this year, marking over a decade of trusted service in the cryptocurrency industry. As part of the anniversary celebrations, BTCC has launched its first-ever user badge program, offering users the opportunity to earn the “14 Years of Momentum” badge and claim exclusive rewards.

The complete June 2025 PoR report and detailed verification instructions are available on BTCC’s official website, underscoring the exchange’s commitment to upholding the highest standards of transparency and user asset protection.

About BTCC

Founded in 2011, BTCC is one of the world’s longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape.

Website: https://www.btcc.com/en-US

X: https://x.com/BTCCexchange

Contact: press@btcc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/40b6a0a7-8af4-4b95-b37f-b8ccffc7e856

The MIL Network –
June 27, 2025
MIL-OSI Analysis: Five prescription drugs that can make it harder to cope with the heat

Source: The Conversation – UK – By Dipa Kamdar, Senior Lecturer in Pharmacy Practice, Kingston University

Some prescription drugs affect our ability to sweat, which is an important cooling mechanism. Doucefleur/ Shutterstock

As temperatures rise, so does the risk of heat-related illness – especially for people taking certain prescription drugs.

The body uses several mechanisms to regulate temperature: sweating, blood flow to the skin and fluid balance. But some commonly prescribed drugs interfere with these processes, making it harder to stay cool.

Here are a few you should know about this summer:

1. Antidepressants

Two specific types of antidepressants – selective serotonin reuptake inhibitors (SSRIs) and tricyclics (TCAs) – may make summer harder to cope with. They could even cause heat intolerance due to how they affect the body’s ability to sweat.

Both these antidepressants are believed to partly work by affecting neurotransmitter levels in the brain – primarily serotonin and noradrenaline. However, they may also affect other neurotransmitters.

For instance, TCAs can block acetylcholine, a neurotransmitter important for sweating. This may cause some patients to sweat less. On a hot day, this could make it hard to cool down.

However, TCAs also increase noradrenaline levels, a neurotransmitter that stimulates sweat glands. This can increase sweating. In fact, both SSRIs and TCAs can increase sweating in users. Data shows up to 14% of antidepressant users experience this side-effect.

SSRIs may also interfere with the hypothalamus – the brain region that controls body temperature and tells the sweat glands to start producing sweat. But this signal may be affected by the increased serotonin levels.

Since sweating is a key cooling mechanism, any disruptions to this process can lead to heat-related illness. Excess sweating may also cause dehydration if fluids aren’t replaced.

2. Antipsychotics

Antipsychotics are used to treat psychosis, which can occur in schizophrenia and bipolar disorder. They do this by blocking the neurotransmitter dopamine – which in turn affects levels of the neurotransmitter serotonin. This can disrupt the hypothalamus’s ability to sense and respond to body temperature changes.

As a result, someone taking an antipsychotic might not feel overheated or thirsty when it’s hot out. This can cause low blood pressure and reduced heart function. The body then tries to compensate by narrowing the blood vessels and holding in heat. This in turn reduces sweating and makes it harder to cool down properly.

Additionally, antipsychotics have anticholinergic properties. This means they block the action of acetylcholine, making it harder to sweat.

3. Heart medications

Beta-blockers are used to manage heart failure and arrhythmias. They do this by lowering heart rate and reducing how forcefully the heart pumps. But this can limit blood flow to the skin – making it harder for the body to release heat on hot days.

Diuretics are also commonly used in the treatment of high blood pressure or heart failure. But as these drugs increase urine output, this may lead to dehydration and electrolyte imbalances during hot weather. With less fluid available, the body may struggle to sweat properly. If you become severely dehydrated, you might actually stop feeling thirsty. Blood pressure can also drop, which may cause dizziness or fainting – especially when standing up.

Various heart medications can increase risk of dehydration in hot weather.
pics five/ Shutterstock

Ramipril and losartan, also used to manage blood pressure, can increase the risk of dehydration as well. These drugs block a system in the body that helps control blood pressure, fluid balance and thirst. This may reduce your natural urge to drink, increasing dehydration risk when it’s hot.

4. Stimulants

Stimulants – such as the amphetamines used for ADHD – affect many brain chemicals, including dopamine and noradrenaline. This can increase body temperature, boost metabolism and change how the body sweats – all of which can make it harder to cool down, especially when exercising or in hot weather. This can also potentially lead to dehydration, overheating or even heatstroke. Stimulants may also reduce the feeling of tiredness, which can cause people to overexert themselves without realising the danger.

However, some recent research shows people with ADHD who take stimulants may actually have a lower chance of heat-related illnesses – but larger trials are needed to investigate further. The researchers hypothesise that this protective effect may be due to factors such as lower body weight and users staying hydrated.

5. Insulin

Warm temperatures cause the body’s blood vessels to dilate (widen) in order to help us cool off. But this action means insulin is absorbed into the bloodstream faster as there’s enhanced blood flow to the area where insulin is injected – making blood sugar drop more quickly. This can lead to hypoglycemia (low blood glucose level), which may lead to dizziness, shaking, sweating, irritability and even potentially loss of consciousness or seizures.

Faster insulin absorption can also make it harder for people with diabetes to notice signs of low blood sugar in the heat, since common symptoms may be mistaken for being hot.

Heat can also degrade insulin, reducing its effectiveness and making it unsafe. This is why insulin should be stored in the fridge until use – especially in summer. Damaged insulin will change appearance – turning cloudy or changing colour.

Read more:
Drugs and the sun – your daily medications could put you at greater risk of sunburn

Avoiding heatstroke

Older adults, people with chronic conditions (especially those with heart or lung disease) and those taking multiple prescription drugs are especially vulnerable to heat-related illnesses.

Fortunately, there are steps you can take to stay safe during summer if you’re taking one of these common prescription drugs.

First, check labels for storage instructions. Avoid leaving medications in hot places, such as in cars or on windowsills. Insulin isn’t the only drug affected by heat – inhalers and EpiPens can also malfunction or become less effective.

Second, stay hydrated when it’s hot – unless your doctor has advised otherwise. Dehydration can actually worsen the effects of many medicines. For example, anti-inflammatory painkillers (such as ibuprofen) are more likely to cause kidney problems and bipolar medicines (including lithium) can become toxic if you’re dehydrated.

Avoid peak heat hours and stay in cool environments when possible. Watch for warning signs of heat-related illness – such as dizziness, confusion, nausea or excessive sweating.

Last, don’t stop taking your prescriptions medication without medical advice. If it’s affecting your ability to cope with the heat, speak with your doctor or pharmacist.

Dipa Kamdar 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. Five prescription drugs that can make it harder to cope with the heat – https://theconversation.com/five-prescription-drugs-that-can-make-it-harder-to-cope-with-the-heat-259479

MIL OSI Analysis –

June 27, 2025
MIL-OSI Analysis: For Jane Austen and her heroines, walking was more than a pastime – it was a form of resistance

Source: The Conversation – UK – By Nada Saadaoui, PhD Candidate in English Literature, University of Cumbria

In Pride and Prejudice (1813), when heroine Elizabeth Bennet arrives at Netherfield Park with “her petticoat six inches deep in mud”, she walks not only through the fields of Hertfordshire, but into one of literature’s most memorable images of women’s independence.

Her decision to walk alone, “above her ankles in dirt”, is met with horror. “What could she mean by it?” sneers Miss Bingley. “It seems to me to show an abominable sort of conceited independence.” And yet, in that walk – unaccompanied, unfashionable, unbothered – Elizabeth reveals more about her spirit and autonomy than any parlour conversation could.

For Austen’s heroines, independence – however “abominable” – often begins on foot. Elizabeth may be the most iconic of Austen’s pedestrians, but she is far from alone. Across Austen’s novels, women are constantly in motion: walking through country lanes, walled gardens, shrubberies, city streets and seaside resorts.

These are not idle excursions. They are socially legible acts, shaped by class, decorum, and gender – yet often quietly resistant to them.

This article is part of a series commemorating the 250th anniversary of Jane Austen’s birth. Despite having published only six books, she is one of the best-known authors in history. These articles explore the legacy and life of this incredible writer.

Fanny Price, the often underestimated heroine of Mansfield Park (1814), is typically seen as timid and passive. Yet beneath her reserved exterior lies a quiet but determined spirit.

“She takes her own independent walk whenever she can”, remarks Mrs Norris disapprovingly. “She certainly has a little spirit of secrecy, and independence, and nonsense about her.” Austen’s choice of “nonsense” here is revealing: Fanny’s desire for solitude and self-direction is not revolutionary, but it is gently subversive. In a world offering women little room for self-assertion, her steps become acts of resistance.

When Jane Fairfax, constrained by class and circumstance in Emma (1815), declines a carriage ride, she asserts: “I would rather walk … quick walking will refresh me.” It’s a seemingly modest decision, but one layered with significance. To walk is to control your own movement, to maintain autonomy and resist the genteel suffocation of being constantly observed or helped.

In Persuasion (1817), Anne Elliot’s story shows walking as a path to renewal. Reserved and long burdened by regret, Anne finds restoration in the coastal air of Lyme Regis. As she walks along the Cobb, Austen notes that “she was looking remarkably well … having the bloom and freshness of youth restored by the fine wind … and by the animation of eye which it had also produced”.

Her emotional reawakening is framed as a physical one. Walking becomes not only therapeutic but transformative – a way back to herself.

Not all of Austen’s walks are reflective or restorative. Some are decidedly social. Lydia and Kitty Bennet’s frequent walks to Meryton in Pride and Prejudice, for example, are driven as much by shopping as by the hope of romantic encounters.

Austen notes the “most convenient distance” of the village, where “their eyes were immediately wandering up in the street in quest of the officers”. These girls were more interested in uniforms than in bonnets.

Yet even this behaviour hints at something subtler. For young, unmarried women, shopping and social errands were among the few socially sanctioned reasons to move independently through public space. These excursions offered moments of visibility, mobility, and the possibility of courtship – however frivolously pursued.

Kitty and Lydia walk to Meryton in order to encounter the officers.

Catherine Morland of Northanger Abbey (1817), a devoted reader of gothic fiction, fuses her walks with imagination. As she strolls along the Avon River with the Tilneys, she muses: “It always puts me in mind of the country that Emily and her father travelled through in The Mysteries of Udolpho.” Walking becomes an act of imaginative projection, where the boundaries between fiction and reality blur in the mind of a heroine learning to navigate both the world and herself.

Jane Austen the walker

Austen’s fiction draws much of its vitality from her own experiences. She was, by her own admission, a “desperate walker”, rarely deterred by weather, terrain or propriety.

A watercolour of Jane Austen by her sister Cassandra, showing her looking out to sea. It was painted while they were on holiday in Lyme Regis in 1804.
Wiki Commons

Her letters, written from Bath, Steventon, Chawton and elsewhere, capture the physicality and pleasure of walking in vivid, often playful detail. These glimpses into her daily life reveal not only her attachment to movement but also the quiet autonomy it afforded her.

In 1805, Austen writes from Bath: “Yesterday was a busy day with me, or at least with my feet & my stockings; I was walking almost all day long.” Several years later, in 1813, she reports with unmistakable relief: “I walked to Alton, & dirt excepted, found it delightful … before I set out we were visited by several callers, all of whom my mother was glad to see, & I very glad to escape.”

Perhaps most revealing is an earlier letter from December 1798, in which Austen describes a rare solitary excursion: “I enjoyed the hard black frosts of last week very much, & one day while they lasted walked to Deane by myself. I do not know that I ever did such a thing in my life before.” The comment registers the novelty and boldness of a woman walking alone.

In an age where walking is once again praised for its physical and mental benefits, Austen’s fiction reminds us that these virtues are not new. Her characters have been walking for centuries – through mud, across class boundaries and against expectation.

They walk in pursuit of clarity, connection, escape and self-hood. Their steps – measured or impulsive, solitary or social – mark turning points in their lives. And in a world designed to keep them stationary, their walking remains a radical act.

This article features references to books that have been included for editorial reasons, and may contain links to bookshop.org. If you click on one of the links and go on to buy something from this website, The Conversation UK may earn a commission.

Nada Saadaoui 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. For Jane Austen and her heroines, walking was more than a pastime – it was a form of resistance – https://theconversation.com/for-jane-austen-and-her-heroines-walking-was-more-than-a-pastime-it-was-a-form-of-resistance-258101

MIL OSI Analysis –

June 27, 2025
MIL-OSI Analysis: Believe it or not, there was a time when the US government built beautiful homes for working-class Americans to deal with a housing shortage

Source: The Conversation – USA – By Eran Ben-Joseph, Professor of Landscape Architecture and Urban Planning, Massachusetts Institute of Technology (MIT)

The U.S. Housing Corporation built nearly 300 homes in Bremerton, Wash., during World War I. National Archives

In 1918, as World War I intensified overseas, the U.S. government embarked on a radical experiment: It quietly became the nation’s largest housing developer, designing and constructing more than 80 new communities across 26 states in just two years.

These weren’t hastily erected barracks or rows of identical homes. They were thoughtfully designed neighborhoods, complete with parks, schools, shops and sewer systems.

In just two years, this federal initiative provided housing for almost 100,000 people.

Few Americans are aware that such an ambitious and comprehensive public housing effort ever took place. Many of the homes are still standing today.

But as an urban planning scholar, I believe that this brief historic moment – spearheaded by a shuttered agency called the United States Housing Corporation – offers a revealing lesson on what government-led planning can achieve during a time of national need.

Government mobilization

When the U.S. declared war against Germany in April 1917, federal authorities immediately realized that ship, vehicle and arms manufacturing would be at the heart of the war effort. To meet demand, there needed to be sufficient worker housing near shipyards, munitions plants and steel factories.

So on May 16, 1918, Congress authorized President Woodrow Wilson to provide housing and infrastructure for industrial workers vital to national defense. By July, it had appropriated US$100 million – approximately $2.3 billion today – for the effort, with Secretary of Labor William B. Wilson tasked with overseeing it via the U.S. Housing Corporation.

Over the course of two years, the agency designed and planned over 80 housing projects. Some developments were small, consisting of a few dozen dwellings. Others approached the size of entire new towns.

For example, Cradock, near Norfolk, Virginia, was planned on a 310-acre site, with more than 800 detached homes developed on just 100 of those acres. In Dayton, Ohio, the agency created a 107-acre community that included 175 detached homes and a mix of over 600 semidetached homes and row houses, along with schools, shops, a community center and a park.

Designing ideal communities

Notably, the Housing Corporation was not simply committed to offering shelter.

Its architects, planners and engineers aimed to create communities that were not only functional but also livable and beautiful. They drew heavily from Britain’s late-19th century Garden City movement, a planning philosophy that emphasized low-density housing, the integration of open spaces and a balance between built and natural environments.

Milton Hill, a neighborhood designed and developed by the United States Housing Corporation in Alton, Ill.
National Archives

Importantly, instead of simply creating complexes of apartment units, akin to the public housing projects that most Americans associate with government-funded housing, the agency focused on the construction of single-family and small multifamily residential buildings that workers and their families could eventually own.

This approach reflected a belief by the policymakers that property ownership could strengthen community responsibility and social stability. During the war, the federal government rented these homes to workers at regulated rates designed to be fair, while covering maintenance costs. After the war, the government began selling the homes – often to the tenants living in them – through affordable installment plans that provided a practical path to ownership.

A single-family home in Davenport, Iowa, built by the U.S. Housing Corporation.
National Archives

Though the scope of the Housing Corporation’s work was national, each planned community took into account regional growth and local architectural styles. Engineers often built streets that adapted to the natural landscape. They spaced houses apart to maximize light, air and privacy, with landscaped yards. No resident lived far from greenery.

In Quincy, Massachusetts, for example, the agency built a 22-acre neighborhood with 236 homes designed mostly in a Colonial Revival style to serve the nearby Fore River Shipyard. The development was laid out to maximize views, green space and access to the waterfront, while maintaining density through compact street and lot design.

At Mare Island, California, developers located the housing site on a steep hillside near a naval base. Rather than flatten the land, designers worked with the slope, creating winding roads and terraced lots that preserved views and minimized erosion. The result was a 52-acre community with over 200 homes, many of which were designed in the Craftsman style. There was also a school, stores, parks and community centers.

Infrastructure and innovation

Alongside housing construction, the Housing Corporation invested in critical infrastructure. Engineers installed over 649,000 feet of modern sewer and water systems, ensuring that these new communities set a high standard for sanitation and public health.

Attention to detail extended inside the homes. Architects experimented with efficient interior layouts and space-saving furnishings, including foldaway beds and built-in kitchenettes. Some of these innovations came from private companies that saw the program as a platform to demonstrate new housing technologies.

One company, for example, designed fully furnished studio apartments with furniture that could be rotated or hidden, transforming a space from living room to bedroom to dining room throughout the day.

To manage the large scale of this effort, the agency developed and published a set of planning and design standards − the first of their kind in the United States. These manuals covered everything from block configurations and road widths to lighting fixtures and tree-planting guidelines.

A single-family home in Bremerton, Wash., built by the U.S. Housing Corporation.
National Archives

The standards emphasized functionality, aesthetics and long-term livability.

Architects and planners who worked for the Housing Corporation carried these ideas into private practice, academia and housing initiatives. Many of the planning norms still used today, such as street hierarchies, lot setbacks and mixed-use zoning, were first tested in these wartime communities.

And many of the planners involved in experimental New Deal community projects, such as Greenbelt, Maryland, had worked for or alongside Housing Corporation designers and planners. Their influence is apparent in the layout and design of these communities.

A brief but lasting legacy

With the end of World War I, the political support for federal housing initiatives quickly waned. The Housing Corporation was dissolved by Congress, and many planned projects were never completed. Others were incorporated into existing towns and cities.

Yet, many of the neighborhoods built during this period still exist today, integrated in the fabric of the country’s cities and suburbs. Residents in places such as Aberdeen, Maryland; Bremerton, Washington; Bethlehem, Pennsylvania; Watertown, New York; and New Orleans may not even realize that many of the homes in their communities originated from a bold federal housing experiment.

Homes on Lawn Avenue in Quincy, Mass., that were built by the U.S. Housing Corporation.
Google Street View

The Housing Corporation’s efforts, though brief, showed that large-scale public housing could be thoughtfully designed, community oriented and quickly executed. For a short time, in response to extraordinary circumstances, the U.S. government succeeded in building more than just houses. It constructed entire communities, demonstrating that government has a major role and can lead in finding appropriate, innovative solutions to complex challenges.

At a moment when the U.S. once again faces a housing crisis, the legacy of the U.S. Housing Corporation serves as a reminder that bold public action can meet urgent needs.

This article is part of a series centered on envisioning ways to deal with the housing crisis.

Eran Ben-Joseph does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Believe it or not, there was a time when the US government built beautiful homes for working-class Americans to deal with a housing shortage – https://theconversation.com/believe-it-or-not-there-was-a-time-when-the-us-government-built-beautiful-homes-for-working-class-americans-to-deal-with-a-housing-shortage-253512

MIL OSI Analysis –

June 27, 2025
MIL-OSI Russia: Energy-saving equipment of the NRG system is being tested at the State University of Management

Translation. Region: Russian Federal

Source: State University of Management – Official website of the State –

The State University of Management continues to develop partnerships with business representatives and technology companies. Currently, innovative equipment of the Universal Energy Saving System NRG, developed by AERO LLC, is being tested on the university premises.

At the initiative of the company OOO “Center of Complex Engineering” and jointly with OOO “AERO”, a test connection of equipment to the internal electrical network with a voltage of 0.4 kV was organized in the State University of Management. This allows us to evaluate the efficiency of the new system in real conditions and record the technical parameters of its operation in the current environment.

The NRG system is the latest, patented (Patent RU 2 731 258 C1) development in the field of energy saving and energy efficiency for any consumers of electrical energy, such as private apartments, houses, shops, production sites, large industrial enterprises and any other consumers using alternating electric current.

“We welcome the interest of companies in cooperation with the university. It is important for us to be an open platform for innovation, especially in the field of sustainable development and energy efficiency. Such projects help improve the conditions for studying and living for students, and help employees become more familiar with modern technological solutions,” said Vitaly Lapshenkov, Vice-Rector of the State University of Management.

Effects of using the NRG system:

Reduction of energy consumption by 7–20%; Reduction of the effect of harmful electromagnetic waves; Increased service life of equipment in the electrical network; Reduction of temperature, noise and vibration during equipment operation; Release of additional capacity due to energy savings.

Testing is carried out in a technical mode, with compliance with all safety standards, under the supervision of specialists from the Center for Complex Engineering LLC and employees of the State University of Management. Based on its results, conclusions will be drawn on the possibility of large-scale use of such solutions in educational and administrative infrastructure.

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.

MIL OSI Russia News –

June 27, 2025
MIL-OSI: Nano Labs Announces Pricing of $50.0 Million Registered Direct Offering and Concurrent Private Placement for BNB Treasury Strategy

Source: GlobeNewswire (MIL-OSI)

HONG KONG, June 26, 2025 (GLOBE NEWSWIRE) — Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure and product solution provider in China, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 5,952,381 Class A ordinary shares of the company (the “Ordinary Shares”) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investor warrants to purchase up to 5,952,381 Ordinary Shares. The combined effective offering price for each Ordinary Share and accompanying warrant is $8.40. The warrants are immediately exercisable, expire five years from the date of an effective registration statement, and have an initial exercise price of $10.00 per share which is subject to customary adjustment. The gross proceeds to the Company from the registered direct offering and concurrent private placement are estimated to be approximately $50.0 million before deducting the placement agent’s fees and other estimated offering expenses payable by the Company.

Proceeds from the offering and exercise of the warrants will be used to acquire BNB (Binance Coin) as part of the Company’s digital asset strategy.

The offering is expected to close on or about June 27, 2025, subject to the satisfaction of customary closing conditions.

Maxim Group LLC is acting as the sole placement agent in connection with the offering.

The Ordinary Shares are being offered pursuant to a shelf registration statement on Form F-3 (File No. 333-273968), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on September 1, 2023. The offering of Ordinary Shares will be made only by means of a prospectus supplement that forms a part of such registration statement. The warrants to be issued in the concurrent private placement and the Class A ordinary shares issuable upon exercise of such warrants were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder and have not been registered under the Act or applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the sales of Ordinary Shares will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.

About Nano Labs Ltd

Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips and high performance computing (“HPC”) chips. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. In addition, it has established Bitcoin value investment and adopted Bitcoin as primary reserve asset. Nano Labs has established an integrated solution platform covering three main business verticals, including HTC solutions and HPC solutions. The HTC solutions feature its proprietary Cuckoo series chips, which have become alternative Application-Specific Integrated Circuit (“ASIC”) solutions for traditional GPUs. For more information, please visit the Company’s website at: ir.nano.cn.

Forward-Looking Statements

This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the expected completion, timing and size of the offering and concurrent private placement and the intended use of the proceeds from the offering, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Risks and uncertainties that may cause such differences include, among other things: satisfaction of customary closing conditions related to the offering and the sale of the securities and Nano Lab’s ability to complete the offering. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor and media inquiries, please contact:

Nano Labs Ltd
Email: ir@nano.cn

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

The MIL Network –

June 27, 2025
MIL-OSI: Nano Labs Announces Pricing of $50.0 Million Registered Direct Offering and Concurrent Private Placement for BNB Treasury Strategy

Source: GlobeNewswire (MIL-OSI)

HONG KONG, June 26, 2025 (GLOBE NEWSWIRE) — Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure and product solution provider in China, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 5,952,381 Class A ordinary shares of the company (the “Ordinary Shares”) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investor warrants to purchase up to 5,952,381 Ordinary Shares. The combined effective offering price for each Ordinary Share and accompanying warrant is $8.40. The warrants are immediately exercisable, expire five years from the date of an effective registration statement, and have an initial exercise price of $10.00 per share which is subject to customary adjustment. The gross proceeds to the Company from the registered direct offering and concurrent private placement are estimated to be approximately $50.0 million before deducting the placement agent’s fees and other estimated offering expenses payable by the Company.

Proceeds from the offering and exercise of the warrants will be used to acquire BNB (Binance Coin) as part of the Company’s digital asset strategy.

The offering is expected to close on or about June 27, 2025, subject to the satisfaction of customary closing conditions.

Maxim Group LLC is acting as the sole placement agent in connection with the offering.

The Ordinary Shares are being offered pursuant to a shelf registration statement on Form F-3 (File No. 333-273968), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on September 1, 2023. The offering of Ordinary Shares will be made only by means of a prospectus supplement that forms a part of such registration statement. The warrants to be issued in the concurrent private placement and the Class A ordinary shares issuable upon exercise of such warrants were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder and have not been registered under the Act or applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the sales of Ordinary Shares will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.

About Nano Labs Ltd

Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips and high performance computing (“HPC”) chips. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. In addition, it has established Bitcoin value investment and adopted Bitcoin as primary reserve asset. Nano Labs has established an integrated solution platform covering three main business verticals, including HTC solutions and HPC solutions. The HTC solutions feature its proprietary Cuckoo series chips, which have become alternative Application-Specific Integrated Circuit (“ASIC”) solutions for traditional GPUs. For more information, please visit the Company’s website at: ir.nano.cn.

Forward-Looking Statements

This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the expected completion, timing and size of the offering and concurrent private placement and the intended use of the proceeds from the offering, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Risks and uncertainties that may cause such differences include, among other things: satisfaction of customary closing conditions related to the offering and the sale of the securities and Nano Lab’s ability to complete the offering. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor and media inquiries, please contact:

Nano Labs Ltd
Email: ir@nano.cn

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

The MIL Network –

June 27, 2025
MIL-OSI Africa: President Ramkalawan Attends Foundation Stone Laying Ceremony for New Seychelles Public Transport Company (SPTC) Depot on Praslin

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

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President Wavel Ramkalawan attended the foundation stone laying ceremony and unveiling of a commemorative plaque for the new Seychelles Public Transport Company (SPTC) depot on Île Eve, Baie Ste Anne, Praslin, on Thursday morning.

The new depot represents a significant government investment of approximately 15 million Seychelles Rupees, strategically designed to meet the evolving demands of Praslin’s expanding transport sector. The comprehensive facility will feature a modern administration building, enhanced staff amenities, and a fully-equipped mechanical workshop, establishing the foundation for SPTC’s operational excellence on the island. This infrastructure investment will provide essential support for improved service delivery while accommodating both current operations and future expansion initiatives.

In his welcoming remarks, Chief Executive Officer of SPTC, Mr. Geffy Zialor, highlighted the project’s importance to the company’s mission, stating that it represents a significant step forward in delivering a more reliable, efficient, and sustainable public transport system for all Seychellois. He emphasised that modernising infrastructure and improving commuter experience remain at the heart of SPTC’s long-term vision to serve the public better and support national development goals.

Addressing the ceremony, the Minister for Transport Antony Derjacques emphasized the project’s broader significance, stating that this development “signals our government’s steadfast commitment to ensuring that every island in Seychelles benefits from modern, reliable, and inclusive transport infrastructure.”

The Minister underscored the fundamental role of public transportation in connecting communities, declaring: “Public transportation is a service that touches lives daily. It provides access to schools, jobs, hospitals, and loved ones. By investing in infrastructure like this depot, we are ensuring that all Seychellois benefit from a modern, efficient, and people-centered transport network.”

The ceremonial foundation stone laying, conducted jointly by President Ramkalawan, Minister Derjacques, the SPTC CEO, and the Chairman of the SPTC Board, symbolized more than a construction milestone. It embodied the collective vision of a nation committed to equitable development and the principle that quality public services should remain accessible to all citizens.

The ceremony was enriched by cultural performances from students of Grand Anse Praslin Secondary School, creating an atmosphere of celebration and national pride that reflected the community’s enthusiasm for this vital infrastructure development.

This initiative reinforces the government’s dedication to decentralizing essential services while maintaining the highest standards of efficiency and accessibility. The project ensures that the Praslin community will benefit from world-class transport infrastructure that will serve as a catalyst for continued economic and social development.

The ceremony was attended by distinguished officials, including Minister for Land Use and Housing Billy Rangasamy, Honourable Members of the National Assembly, the Chairman and Board members of SPTC, as well as various dignitaries and community representatives.

– on behalf of State House Seychelles.

MIL OSI Africa –

June 27, 2025
MIL-OSI Africa: Rwanda: African Development Bank kickstarts pioneering cable car project in Kigali

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

The African Development Bank (www.AfDB.org) has approved a grant of $500,000 to undertake a feasibility study into the first phase of a cable car transport network in Kigali, that will be sub-Saharan Africa’s first aerial urban transit system.

The funds, to be sourced from the Bank Group’s Urban and Municipal Development Fund (https://apo-opa.co/45CiDm9), are expected to help pave the way for the Kigali Urban Cable Car Project, a 5.5 km mobility initiative valued at $100 million and promising to ease the city’s traffic congestion, reduce greenhouse gas emissions, and connect underserved communities to jobs and essential services.

The Urban and Municipal Development Fund (UMDF) is a trust fund hosted by the African Development Bank, which provides direct support to cities, to mobilize funding and technical assistance, develop partnerships, city engagement, project identification and investment.

Phase 1 of the project will comprise two critical transit corridors: Nyabugogo Taxi Park to the Central Business District (CBD) Hub; and the Kigali Convention Center to Kigali Sports City, connecting public landmarks such as Amahoro Stadium, BK Arena, and the newly developed Zaria Court.

The feasibility study is expected to position the project to attract international investment, including through platforms such as the Africa Investment Forum (AIF). The UMDF provided funding for the feasibility of another project in the country, the Kigali Urban Transport Improvement project, to help attract critical investment.

Construction is expected to begin in late 2026, with commissioning scheduled for 2028. Once complete, the cable car will convey over 50,000 passengers a day on a 15-minute end-to-end journey, integrating into the city’s existing transport infrastructure.

African Development Bank Group president Dr. Akinwumi Adesina, said: “This transformative project aligns perfectly with the Bank’s vision for sustainable, green climate-resilient urban mobility infrastructure, and with the Bank’s Ten-Year Strategy, which focuses on urbanization, and the Alliance for Green Infrastructure in Africa (AGIA), a global partnership initiative driven by the African Development Bank Group, Africa50 and the African Union. By financing Rwanda’s urban cable car system, we are investing in a scalable model of low-carbon, inclusive public transport that cities across Africa can emulate.”

The project is anchored in Rwanda’s Green Taxonomy, E-mobility Strategy, and Climate and Nature Finance Strategy (CNFS) and aligns closely with Rwanda’s national climate objectives, which target a 38% reduction in carbon emissions by 2030 and carbon neutrality by 2050.

The project implementation is expected to follow a Public-Private Partnership model, according to Imena Munyampenda, the Director General of Rwanda Transport Development Agency.

The feasibility study plans to draw lessons from successful cable car systems in La Paz, Bolivia, and Singapore. The system will prioritize access for the disabled, employment opportunities for girls, women and low-income residents; and job creation, capacity building and technology transfer.

“This pioneering feasibility study is a game-changing milestone,” said Solomon Quaynor, African Development Bank’s Vice President for Private Sector, Infrastructure, and Industrialization. “Through the UMDF, AfDB is laying the foundation for an investment-ready green infrastructure asset that offers both impact and returns.”

Blended Financing

The $100 million funding structure will comprise a strategic mix of grants, concessional loans, blended finance, and technical assistance. The UMDF grant will fund an assessment of the project’s viability gap.

The Rwandan government, the African Development Bank Group, and other development partners, will collaborate to offer blended financing, along with commercial funding from the International Finance Corporation (IFC), Africa50, the Trade and Development Bank (TDB), the Africa Finance Corporation (AFC), as well as private investors and the Alliance for Green Infrastructure in Africa (AGIA).

– on behalf of African Development Bank Group (AfDB).

Media Contact:
Janet Onyango
African Development Bank Group
media@afdb.org

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MIL OSI Africa –

June 27, 2025
MIL-OSI Africa: Coffee Master Trainer Upgrade (Coffee MUG) Program Surpasses 4,700 Farmers Trained, Boosting Yields and Incomes Across Indonesia’s Top Arabica Regions

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

The Sustainable Coffee Platform of Indonesia (SCOPI) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) announced key findings of the mid-term survey from the Coffee Master Trainer Upgrade (Coffee MUG) Program, a five-year initiative helping smallholder farmers in North Sumatra and Aceh adopt sustainable coffee-growing practices.

Since its launch in October 2021, the program has trained 4,754 farmers—37% (1,781) women—across 130 villages, with 3,700 hectares now managed under Good Agricultural Practices (GAP). Nineteen Master Trainers and eight candidates act as local champions, guiding farmer groups on soil health, pruning, post-harvest handling, and quality control. The field midline survey conducted to the program and confirmed that average yields in the target areas rose 13.7 percent in 2023, equivalent to 78 kilograms of green bean per hectare compared to the previous year.

Capacity-building results are equally encouraging participating trainers demonstrated 91 percent competence in sustainable coffee farming and 87 percent competence in training methodologies during recent evaluations. Farmer livelihoods are beginning to reflect these gains. Average annual coffee sales reached IDR 82.95 million (US$5,100) per farmer in 2023, while average net farm income rose to IDR 71.52 million (US$4,400).

Earlier this year, SCOPI and ITFC convened twin data-utilisation workshops in Berastagi (Karo Regency) and Takengon (Central Aceh Regency). Local officials, private buyers, Master Trainers, and farmer leaders reviewed the mid-line survey results, explored a new web-based monitoring dashboard, and agreed on concrete follow-up actions—such as establishing demonstration plots that now serve as “living classrooms” for young farmers and expanding market pathways with ofi Indonesia, Louis Dreyfus Company, and Ecom/Indo Cafco.

“This survey is more than just data collection—it is a strategic tool to sharpen the program’s direction and ensure it remains responsive to farmers’ real needs” said Ade Aryani, Executive Director of SCOPI

Nazeem Noordali, Chief Operating Officer of ITFC, added: “Farmer surveys offer data-driven guidance, help identify gaps, and support the development of more impactful strategies. Programs like Coffee MUG must remain dynamic and responsive to field realities.”

At data-utilization workshops Karo Regency and Central Aceh Regency, SCOPI and ITFC joined officials, buyers, trainers, and farmers to review mid-line findings, test a new monitoring dashboard, and launch demo plots for youth training.

Looking ahead, the program is scaling its trainers network through a new recruitment drive that will bring more young people into the Master Trainer pipeline, securing generational renewal. Field trials focused on soil-health interventions will also continue, targeting a further yield increase by 2026. In parallel, fresh modules on financial literacy and digital marketing are being developed for rollout later this year, with a special emphasis on empowering women and youth farmer groups.

– on behalf of International Islamic Trade Finance Corporation (ITFC).

ITFC Contact:
Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail: ITFC@itfc-idb.org 

SCOPI Contact:
Email: info@scopi.or.id

ITFC Social Media:
Twitter: @ ITFCCORP
Facebook: @ ITFCCorp
LinkedIn: International Islamic Trade Finance Corporation (ITFC)

SCOPI Social Media:
Linkedin: Sustainable Coffee Platform of Indonesia (SCOPI)
Instagram: @ scopi_id
Website: www.SCOPI.or.id

About the International Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is the trade finance arm of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socio-economic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$83 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.

About the Sustainable Coffee Platform of Indonesia (SCOPI):
The Sustainable Coffee Platform of Indonesia (SCOPI) is a leading organization dedicated to promoting sustainable coffee production and improving the livelihoods of coffee farmers. SCOPI is a platform for collaboration among key stakeholders in the Indonesian coffee industry, working towards a shared vision of a thriving and sustainable coffee sector.

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MIL OSI Africa –

June 27, 2025
MIL-OSI United Kingdom: Dubai-based director who falsified VAT returns banned after his four companies owed HMRC more than £1 million
Source: United Kingdom – Government Statements

Press release

Dubai-based director who falsified VAT returns banned after his four companies owed HMRC more than £1 million

Director submitted falsified documentation to reclaim VAT
Hassan Waqar has been disqualified as a director for 11 years after his four companies reclaimed almost £400,000 in VAT they were not entitled to

The four companies – HN Restaurants Limited, Kiani Construction Limited, Moneemint Ventures Limited and Zoya Investments Limited – submitted falsified documents to HM Revenue and Customs (HMRC) or failed to provide supporting evidence for VAT repayment claims

All four companies were struck-off the Companies House register between February and June 2023, with total debts to HMRC of more than £1.1 million in VAT assessments, penalties and interest

The boss of four companies which owed HMRC more than £1 million, including £400,000 in VAT they falsely reclaimed, has been banned as a director.

Hassan Waqar was the director of HN Restaurants Limited, Kiani Construction Limited and Moneemint Ventures Limited when they submitted falsified documents to HMRC.

A fourth company, Zoya Investments Limited, failed to supply evidence to HMRC to support the repayment returns it had submitted.

The four companies owed HMRC more than £1.1 million in VAT and penalties when they were all struck-off the Companies House register during the first half of 2023.

Waqar, 30, who is now based in Dubai, has been disqualified as a company director for 11 years.

Victoria Edgar, Chief Investigator at the Insolvency Service, said:

Hassan Waqar submitted falsified documentation for VAT reclamations that his companies were not entitled to receive.

Our investigations found that he failed to provide supporting evidence for claims across multiple businesses, with over £1.1 million owed when these companies were struck off the Companies House register in 2023.

The Insolvency Service is committed to taking action against directors who fail to meet their legal and financial obligations, protecting the integrity of the business environment and the tax system.

HN Restaurants Limited was set up in May 2020 as a fast-food business. Kiani Construction Limited was a construction company incorporated in August 2021 which was involved in real estate sales.

Moneemint Ventures Limited, like HN Restaurants Limited, was established in May 2020, and was described by Waqar as a banking service platform. Zoya Investments Limited, incorporated in March 2021, traded in carrying out fitouts.

The four companies received a total of £396,982 in VAT repayments.

HN Restaurants Limited, Kiani Construction Limited and Moneemint Ventures Limited provided invoices to HMRC in support of their claims. HMRC contacted several of the suppliers who confirmed they had not issued the invoices to the companies.

Bank statements were provided by HN Restaurants Limited and Moneemint Ventures Limited to HMRC to support the repayment return, but they differed to the ones supplied by the banks.

Zoya Investments Limited did not provide any evidence to support its VAT repayment claims.

HMRC issued penalties to the four companies totalling £706,692.

The four companies were struck-off the Companies House register between February and June 2023.

Combined, the four companies owed £1,136,832 in VAT assessments, penalties and interest.

The Secretary of State for Business and Trade accepted a disqualification undertaking from Waqar, and his ban started on Thursday 26 June.

It prevents him from being involved in the promotion, formation or management of a company, without the permission of the court.

HMRC issued a joint and several liability notice to Waqar for HN Restaurants, making him personally responsible for paying the tax debts of the company.

Further information

Hassan Waqar is of 21A Street, Dubai, United Arab Emirates. His date of birth is 1 August 1994

HN Restaurants Limited (company number 12727857)

Kiani Construction Limited (company number 13576285)

Moneemint Ventures Limited (company number 12631542)

Zoya Investments Limited (company number 13285735)

Individuals subject to a disqualification order or undertaking are bound by a range of restrictions

Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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Published 26 June 2025
MIL OSI United Kingdom –
June 27, 2025