NewzIntel.com

Category: Business

  • MIL-OSI: Värde Launches Fund Finance Platform

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) — Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, today announced the launch of its fund finance platform.

    Building on Värde’s broader asset-based finance strategy, the platform is an extension of Värde’s capabilities designed to address the increased demand for subscription lines (“sublines”) and other fund finance-related products. The firm’s fund finance strategy aims to support bank origination through natural distribution channels in addition to meeting borrower demands for more structured financing solutions, both of which will expand lending capacity to the market.

    Värde launches its fund finance platform with $300 million of strategic equity capital from Canada Pension Plan Investment Board (CPP Investments), through subsidiaries of CPPIB Credit Investments Inc., in addition to other Värde-dedicated capital. The platform has already closed a forward flow agreement with a large global bank to bolster the bank’s subline origination capacity.

    Brad Bauer, Managing Partner and CEO of Värde, said: “We deeply appreciate the support and collaboration of our longstanding partners as we developed the infrastructure to expand this offering to the broader market. The launch of this platform enables us to expand our relationships with bank partners while creating exposure to what we believe to be an attractive investment opportunity.”

    Missy Dolski, Global Head of Fund Finance and Capital Markets at Värde, said: “We see the rising demand for fund finance products as creating a durable, highly scalable opportunity as private capital and, therefore, fund financing needs continue to grow. The emergence of non-traditional long-term capital providers into the over $1 trillion subline lending market is a transformative development in a space that has not had a significant capital markets solution which we believe ultimately benefits underlying borrowers.”

    David Colla, Managing Director, Head of Capital Solutions Group at CPP Investments, said: “As demand for fund financing grows, we view subline lending markets as a compelling opportunity for investors like CPP Investments with long-term capital available for deployment. This transaction is an important and strategic step in building a strong partnership with Värde, who brings expertise in this space, and we look forward to working with them to generate attractive risk-adjusted returns for the benefit of CPP contributors and beneficiaries.”

    Värde has over 30 years of experience investing in private credit markets, including originating bespoke financing solutions through contractual cash flow lending and forward flow financing. Värde is also an experienced investor in significant risk transfer (“SRT”) transactions and other private capital solutions in partnership with banks. Since 2008, Värde has deployed $13 billion through its asset-based finance strategy.

    About Värde Partners
    Värde Partners is a leading global investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum and currently manages $17 billion in assets. With local investment teams and partnerships in North America, Europe and Asia Pacific, Värde invests across private and public markets with a focus on real estate, asset-based finance and corporate credit. For more information, please visit www.varde.com.

    About CPP Investments
    Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At December 31, 2024, the Fund totalled C$699.6 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Instagram or on X @CPPInvestments.

    Media Contacts

    Värde Partners
    communications@varde.com

    CPP Investments
    Frank Switzer, Public Affairs & Communications
    T: +1 416 523 8039
    fswitzer@cppib.com

    The MIL Network –

  • MIL-OSI Africa: Built for Africa: Trinasolar Showcases Weather-Resilient Solar + Storage Solutions at Africa Energy Forum

    With over 1 gigawatt of solar equipment supplied in South Africa in the past year, Trinasolar (www.Trinasolar.com) returns to the Africa Energy Forum (AEF) reaffirming its position as a long-term partner in Africa’s clean energy journey. At this year’s event in Cape Town, the company is spotlighting its next-generation solar and battery storage solutions, designed to withstand extreme weather, harsh environmental conditions, and evolving grid demands across the continent.

    “As the energy crisis and climate volatility continue to impact South Africa and the broader African region, Trinasolar is focused on delivering real solutions that enable long-term energy security,” said Vincent Wu, Global Sales Vice President and MEA MU Head at Trinasolar. “Our high-efficiency PV modules and advanced energy storage systems are engineered to meet the challenging realities on the ground. Through our presence at AEF, we’re reinforcing our commitment to supporting Africa’s transition to a greener, more stable energy future; one built on innovation, resilience, and strategic collaboration.”

    Taking centre stage is the launch of the Vertex N 630W (NED19RC.20), Trinasolar’s newest ultra-durable solar module. Tailored for Africa’s diverse and often unpredictable conditions, the module features reinforced mechanical design, anti-dust and corrosion-resistant components, and a record-breaking 55 mm hail resistance rating, which is more than double the industry standard.

    Certified for fire safety and built to perform in environments rich in salt, ammonia, and sand, the module delivers a maximum power output of 630W and up to 23.3% efficiency. Its low-voltage, high-string design is compatible with leading inverters, while reducing system costs and installation time for commercial and utility-scale developers.

    “We’re seeing strong momentum across the region, especially in the commercial, industrial, and utility-scale sectors where innovation and ease of installation matter,” said Zaheer Khan, Regional Director for South Africa, Trinasolar MEA. “Installers and partners are drawn to solutions like the Vertex N 630W, not just for its performance, but because it addresses real operational challenges in tough environments.

    “In just the past year, Trinasolar has delivered over a gigawatt of technology solar equipment in South Africa alone,” Khan added. “It’s a milestone that reflects our growing footprint, trusted relationships, and long-term commitment to the region. And we’re just getting started.”

    Trinasolar’s growing Africa portfolio includes solar modules, smart tracker systems, energy storage solutions, and floating PV technologies. These offerings are designed to meet the continent’s diverse energy needs with quality, flexibility, and integration at the core. With local presence in Johannesburg and Cape Town, and warehouse facilities in Durban that maintain 10–20 megawatts of stock for quick nationwide delivery, Trinasolar supports rapid deployment across the region. Its expanding footprint includes commercial engagement in Kenya, Nigeria, Morocco, and other strategic markets.

    Over the past decade, Trinasolar has played a key role in shaping South Africa’s solar market—driving utility-scale projects, enabling C&I growth, and supporting the country’s path toward decentralisation and clean energy. As Africa’s energy transition accelerates, Trinasolar remains focused on scaling integrated systems, expanding local talent and operations, and collaborating closely with governments, utilities, and private sector partners to deliver long-term energy resilience.

    Trinasolar will be exhibiting at Booth B15 at the Africa Energy Forum in Cape Town from 17–20 June, where its senior team will be available for business meetings and stakeholder discussions.

    Distributed by APO Group on behalf of Trinasolar.

    For media inquiries please contact:
    Mariam Agag – PR Manager, Trinasolar MEA
    Email: mariam.agag@trinasolar.com

    Lojayne Mohsen – Senior Consultant, Fekra Communications
    Email: lojayne.mohsen@fekracomms.com

    David Gyampo, Account Manager – Razor PR
    Email: david.gyampo@razorpr.co.za

    About Trinasolar (688599. SH):
    Founded in 1997, Trinasolar Co Ltd (stock symbol: Trinasolar; stock code: 688599) is engaged mainly in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules. PV systems consist of power stations and system products. Smart energy comprises mainly PV power generation and operations and maintenance, smart solutions for energy storage, smart microgrid, and development and sales of multi-energy systems. We are committed to leading the way in smart PV and energy storage solutions and facilitating the transformation of new power systems for a net-zero future.

    On June 10, 2020, Trinasolar was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE). It was the first PV and energy storage company to go public on the STAR Market providing PV products and systems, as well as smart energy. For more information, please visit www.Trinasolar.com.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: How Birmingham will benefit from the Government’s Spending Review

    Source: City of Birmingham

    Access to more affordable homes, increased funding for schools and their pupils, and investment in Birmingham’s transport networks are among the Chancellor’s spending priorities.

    These headlines come from the Government’s Spending Review, which unveiled on 11 June, outlining their spending plans for the next three years.

    Finance officers are assessing what the Chancellor’s announcement means for the council’s own finances and services and the picture will become clearer later in the year.

    Cllr John Cotton, Leader of Birmingham City Council, said: “I welcome this Spending Review, and I’m encouraged the Chancellor has included funding for projects like the extension of the West Midlands Metro into East Birmingham, which will bring with it hundreds of jobs.

    “Working closely with West Midlands Mayor Richard Parker, we are ambitious for Birmingham and its people, and we need a government that matches those ambitions – so I am glad to see investment in education, children and young people are among those key spending priorities,

    “With the right support, cities like Birmingham can unlock growth and tackle inequalities that continue to hold too many people back – and the Government’s commitment to invest £39 billion in affordable housing is also key to this. This funding will transform the lives of so many people.”

    In Birmingham – one of the youngest cities in Europe – children will benefit from the £4.7 billion committed to spending on schools, up by £2 billion – to improve facilities and opportunities in education by 2028/29.

    There will also be investment in amenities and activities for young people, which in Birmingham could translate into revitalising local facilities. This is part of a new Local Growth Fund and an additional Mayoral Growth Fund to help cities deliver on the Government’s Growth Mission.

    In addition £410 million will be spent on extending the Free School Meals scheme to all pupils with a parent receiving Universal Credit. This comes on top of the council’s ongoing work to auto-enrol children across the city who qualify for free school meals, but have not applied for them.

    Meanwhile school breakfast clubs will be open to all children – to ensure their school day gets off to a good start.

    Housing features highly in this Spending Review – with a £39 billion commitment to increase the provision of affordable housing across the country over the next decade.

    Being able to access this funding will help Birmingham City Council tackle the city’s housing crisis – by improving access to safe, decent and affordable housing, to those most in need.

    Extending the West Midlands Metro through East Birmingham – connecting the Birmingham Sports Quarter and investment in West Midland Rail Hub will all help create thousands of jobs and opportunities for local business as part of our ambitious inclusive growth agenda for East Birmingham.

    This investment in key infrastructure will help to deliver Birmingham’s Sports Quarter – which will be home to Birmingham City FC’s new stadium.

    MIL OSI United Kingdom –

  • MIL-OSI: The Netherlands Associations for Investor Relations (NEVIR) announces the nominees for the 18th Annual Dutch IR Awards

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, the Netherlands, June 12, 2025: The Netherlands Association for Investor Relations (NEVIR) is proud to announce the nominations for the 18th Annual Dutch IR Awards.

    The nominees are:

    AEX Company of the Year

    ASML Holding

    ASR Nederland

    Shell

    AEX IR Professional of the Year

    Marcel Kemp, ASML Holding

    Michel Hulters, ASR Nederland

    Robin van den Broek, NN Group

    AMX Company of the Year

    CTP

    Just Eat Takeaway.com

    Royal Vopak

    AMX IR Professional of the Year

    Rutger Relker, Aalberts

    Maarten Otte, CTP

    Fatjona Topciu, Royal Vopak

    AScX Company of the Year

    Alfen

    Avantium

    Wereldhave

    AScX IR Professional of the Year

    Aarne Luten, Avantium

    Floor van Maaren, ForFarmers

    Inge Laudy, PostNL

    Best ESG Engagement

    ASR Nederland

    Royal Ahold Delhaize

    Unilever

    Best Investor Event

    ASR Nederland

    Royal Ahold Delhaize

    Shell

    Best IR Website

    AkzoNobel

    KPN

    Philips

    Most Improved Company (IR Programme)

    Adyen

    Corbion

    Exor

    Young IR Talent

    Valentina Fantigrossi, ASM International

    Lennart Scholtus, Heineken Company

    Thomas Turnock, NN Group

    The Dutch IR Awards celebrates the achievements of individuals and companies of Dutch stock-listed companies across nine categories; ranging from Best IR professional and Company, to Best Investor Event. 

    The nominations for the Dutch IR Awards are based on European research by Extel and incorporate feedback from global buy and sell-side professionals. 

    The 2025 awards ceremony will be held on Thursday, July 3 in Amsterdam.

    SPONSORS

    We would like to extend our gratitude to our 2025 Dutch IR Awards sponsors:

    Platinum: ABN AMRO and ODDO BHF, CMi2i, Computershare Georgeson, Euronext Corporate Solutions, Ingage, ING 

    Gold: FGS Global, Nasdaq, Notified

    Silver: S&P Global Market Intelligence, Tangelo

    Sponsoring through services / products: Extel and NFGD

    The publication of this press release has been made possible by GlobeNewswire.

     For media enquiries:

    Heather Robertson and Jonathan Berger

    secretariaat@nevir.nl

     About the NEVIR:

    The Netherlands Association for Investor Relations (NEVIR), is the professional representative

    body and advocacy organisation for all members of Investor Relations teams at Dutch listed

    companies and consultants in the field of Investor Relations.

    The MIL Network –

  • MIL-OSI: CERo Therapeutics Holdings, Inc. Announces FDA Orphan Drug Designation Granted to CER-1236 for the Treatment of Acute Myeloid Leukemia (AML)

    Source: GlobeNewswire (MIL-OSI)

    SOUTH SAN FRANSCISCO, Calif., June 17, 2025 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc., (Nasdaq: CERO) (“CERo” or the “Company”) an innovative immunotherapy company seeking to advance the next generation of  engineered T cell therapeutics that deploy phagocytic mechanisms, announces that the U.S. Food and Drug Administration (FDA) has granted CERo’s Orphan Drug Designation (ODD) for the company’s lead drug candidate CER-1236, for the treatment of acute myeloid leukemia (AML). CER-1236 is an innovative therapy that engineers a cancer patient’s own T cell therapeutics that deploy phagocytic (i.e., target-cell eating) mechanisms alongside the array of built-in target cell destroying mechanisms used by T cells.

    CER-1236 is currently in Phase 1 clinical trials for AML. The first-in-human, multi-center, open label, Phase 1/1b study is designed to evaluate the safety and preliminary efficacy of CER-1236 in patients with acute myeloid leukemia that is either relapsed/refractory, or in remission with measurable residual disease, or newly diagnosed patients with TP53 mutated MDS/AML or AML. The two-part study has begun with dose escalation to determine highest tolerated dose and recommended dose for Phase 2, followed by an expansion phase to evaluate safety and efficacy.  Primary outcome measures include incidence of adverse events (AEs) and serious adverse events (SAEs), incidence of dose limited toxicities and estimation of overall response rate (ORR), complete response (CR), composite complete response (cCR), and measurable residual disease (MRD).  Secondary outcome measures include pharmacokinetics (PK).

    Chris Ehrlich, CERo CEO, commented, “Orphan Drug Designation underscores the importance of developing new treatments for AML, and the potential for CER-1236 to provide a new and differentiated approach toward treatment.  We believe that we are at the forefront of innovation in immuno-oncology and are grateful for the recognition from FDA.  We look forward to providing updates on our trial in the near term.”

    The FDA’s Orphan Drug program is designed to advance the development of drugs that treat a condition affecting 200,000 or fewer US patients annually.  ODD status is given to medicinal products that represent a significant benefit over existing treatments and are intended for the treatment of a disease that is life-threatening or chronically debilitating. The ODD designation qualifies CERo and CER-1236 for certain incentives, which include FDA assistance in designing clinical trials, access to the FDA Orphan Drug Grants Program, exemption from the drug approval application fee and eligibility for seven years of marketing exclusivity.

    About CERo Therapeutics Holdings, Inc.

    CERo is an innovative immunotherapy company advancing the development of next generation engineered T cell therapeutics for the treatment of cancer. Its proprietary approach to T cell engineering, which enables it to integrate certain desirable characteristics of both innate and adaptive immunity into a single therapeutic construct, is designed to engage the body’s full immune repertoire to achieve optimized cancer therapy. This novel cellular immunotherapy platform is expected to redirect patient-derived T cells to eliminate tumors by building in engulfment pathways that employ phagocytic mechanisms to destroy cancer cells, creating what CERo refers to as Chimeric Engulfment Receptor T cells (“CER-T”). CERo believes the differentiated activity of CER-T cells will afford them greater therapeutic application than currently approved chimeric antigen receptor (“CAR-T”) cell therapy, as the use of CER-T may potentially span both hematological malignancies and solid tumors. CERo has commenced clinical trials for its lead product candidate CER-1236 for hematological malignancies.

    Forward-Looking Statements

    This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the financial position, business strategy and the plans and objectives of management for future operations of CERo, as well as statements regarding the Company’s plans to regain compliance with Nasdaq listing requirements and the ability for the Company’s securities to remain listed on Nasdaq.  These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this communication, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When CERo discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, CERo’s management.

    Actual results could differ from those implied by the forward-looking statements in this communication. Certain risks that could cause actual results to differ are set forth in CERo’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, and the documents incorporated by reference therein. The risks described in CERo’s filings with the Securities and Exchange Commission are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can CERo assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements made by CERo or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. CERo undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Contact:

    Chris Ehrlich
    Chief Executive Officer
    chris@cero.bio

    Investors:

    CORE IR
    investors@cero.bio

    The MIL Network –

  • MIL-OSI: Order.co Named One of Inc.’s 2025 Best Workplaces – Here’s What Sets It Apart

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) — Order.co, the world’s leading B2B Ecommerce Platform, is proud to announce it has been named to Inc.’s 2025 Best Workplaces list. This year’s list is the result of a comprehensive evaluation of American companies that have excelled in creating exceptional workplaces and company cultures – whether in-person or remote.

    To determine the final list, Inc. partnered with Quantum Workplace to conduct a detailed employee survey covering key areas like management effectiveness, perks, professional development, and overall company culture. Quantum also audited each company’s benefits to assess the full employee experience and calculate final scores. With thousands of companies applying and a highly selective process, only 514 organizations made the cut, including Order.co.

    “Being named one of Inc.’s Best Workplaces is an incredible honor,” said Karen Bedell, VP, People at Order.co. “It’s really a testament to the intentional work we’ve put into nurturing a culture where people feel supported and empowered. Our team has stayed grounded in gratitude, humility, and a shared commitment to doing what’s right – for each other and our customers.”

    At the heart of Order.co’s workplace culture is a strong commitment to connection, flexibility, and employee well-being. While the company embraces a remote-first workplace that empowers team members to work from anywhere, Order.co also invests in frequent in-person team-building events. From company-wide offsites to local meetups and volunteer opportunities throughout the year, employees across the country enjoy regular collaboration and maintain a strong sense of community.

    Alongside its commitment to connection and culture, Order.co also offers a robust benefits package to help employees thrive both personally and professionally. A few of these benefits include:

    • Flexibility to work from anywhere and access to an HQ in New York City
    • Comprehensive health coverage, including medical, dental, and vision plans
    • 401(k) with employer match to support long-term financial planning
    • Memberships to Wellhub and Talkspace
    • Generous parental leave available from day one
    • And many more

    “Inc.’s Best Workplaces program celebrates the exceptional organizations whose workplace cultures address their employees’ welfare and needs in meaningful ways,” says Bonny Ghosh, editorial director at Inc. “As companies expand and adapt to changing economic forces, maintaining such a culture is no small feat. Yet these honorees have not only achieved it—they continue to elevate the employee experience through thoughtful benefits, engagement, and a deep commitment to their teams.”

    To view the full list of winners, visit Inc.com.

    About Order.co

    Order.co simplifies business buying by combining the ease of online shopping with the sophistication of world-class purchase order and AP automation. The result? Businesses cut costs and complexity with every order.

    Hundreds of companies, like WeWork and Hugo Boss, leverage Order.co to centralize purchase-to-pay workflows, scale operations, and gain total control over spending – saving an average of 5% on products. Founded in 2016 and headquartered in New York City, Order.co has raised $70M in funding from industry-leading investors like MIT, Stage 2 Capital, Rally Ventures, 645 Ventures, and more.

    About Inc.
    Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.

    About Quantum Workplace
    Quantum Workplace, based in Omaha, Nebraska, is an HR technology company that serves organizations through employee-engagement surveys, action-planning tools, exit surveys, peer-to-peer recognition, performance evaluations, goal tracking, and leadership assessment. For more information, visit QuantumWorkplace.com.

    Media Contact

    Allison Reich
    Senior Manager of Brand, Content & Enablement
    Allison.reich@order.co

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2c3327c4-5597-4c8b-9971-3a9545b0473a

    The MIL Network –

  • MIL-OSI Economics: BOBC Auctions- 17 June 2025

    Source: Bank of Botswana

    The Monetary Policy Rate (MoPR) was unchanged at 1.9 percent of the previous week, for a paper maturing on 25 June 2025.  The summarised results of the auction held on 17 June 2025, are attached below:

    BOBC Results 17 June 2025.pdf

    MIL OSI Economics –

  • MIL-OSI Economics: Lufthansa honored with World Airline Awards 2025

    Source: Lufthansa Group

    Lufthansa is the world’s most family-friendly airline. This prize from the World Airline Awards 2025 was presented today by the market research institute Skytrax at the Paris Air Show. The Lufthansa First Class Terminal in Frankfurt was also named the world’s best First Class Lounge. Austrian Airlines and Eurowings also received one of the coveted prizes – the award for “Best Airline Staff in Europe” went to Austrian Airlines in Vienna and Eurowings was named “Best Low Cost Airline in Europe”. Skytrax, a market research institute specializing in aviation, had previously surveyed 22.3 million passengers from well over 100 countries worldwide.

    “Lufthansa attaches great importance to ensuring that all guests on board feel comfortable with us – from Economy to First Class. I am therefore particularly pleased that we have received the award for the world’s most family-friendly airline and at the same time for the best First Class lounge,” says Heiko Reitz, Chief Customer Officer Lufthansa Airlines. “Above all, Lufthansa’s unsurpassed hospitality is also premium. In particular, our colleagues in the cabin, cockpit and on the ground can be very proud today. They are the ones who fulfill our promise of quality day after day.”

     

    Traveling with children  

    Lufthansa attaches great importance to ensuring that its youngest guests also feel comfortable on board. The airline therefore offers specially created kids’ menus prepared by the chefs at Gate Gourmet. The menus belong to the “Special Meals” category and can be pre-ordered by passengers free of charge up to 24 hours before departure. The offer applies to all classes on long-haul flights and to Business Class on short-haul flights.

    The trays are lovingly designed with colorful illustrations of the Lufthansa mascots “Lu” and “Cosmo” and the menu card invites young passengers to puzzle and color while they playfully learn how an airplane flies.

    Lufthansa has also introduced a new range of children’s toys on board. From cloud-shaped cuddly blankets for toddlers to puzzles and the game “City, Country, Flight”, there is something for every taste and every age. There is also a portfolio of coloring pages featuring Lu and Cosmo, which can be accessed via the Lufthansa eJournals homepage. Young passengers will also find magazines for children and teenagers in various languages. The in-flight entertainment program for children includes a large selection of films, series, music, audio books and podcasts. Children can also look forward to special amenity kits and, from summer 2025, new year-round “Best Friend” children’s boarding passes.

     

    Travel in Lufthansa First Class

    The separate First Class terminal in Frankfurt with limousine transfer directly to the aircraft and personal assistant, which has been named the best First Class lounge in the world, is emblematic of Lufthansa’s premium offering.

    Since the beginning of the year, traveling in Lufthansa’s top class has become even more exclusive. The new Lufthansa Allegris First Class on long-haul aircraft can be experienced in the summer timetable on flights from Munich to San Francisco, Chicago, San Diego, Shanghai and Bengaluru and sets new standards with two individual suites and the extraordinary Suite Plus: guests can heat or cool their almost one meter wide seats in the individual suites according to their personal needs. The separate cabins with ceiling-high walls and lockable door, large table and wide seat, a living room-sized screen and wireless “over-ear” headphones define a new standard in comfort and individuality. Generous storage space is provided by a personal wardrobe in the suite, so that travelers can change comfortably and have all their personal items to hand. Individual lamps allow travelers to create their very own feel-good atmosphere.

    The Suite Plus double cabin, the only one of its kind in the world, creates a special travel experience with two wide seats that can be combined to form a comfortable double bed if required. The flying private room impresses with maximum comfort and individuality. The Suite Plus offers maximum exclusivity for the single passenger and the unique opportunity to use the double cabin as a couple.

    The new First Class is part of a major Lufthansa premium offensive. Among other things, First Class guests can also look forward to renovated First Class check-in areas in Frankfurt (from late summer) and Munich as well as the newly designed First Class Lounge at Munich Airport.

     

    Skytrax

    The survey was conducted by the market research institute Skytrax. It evaluated the airlines’ in-flight offers and services at the airports. Skytrax has been conducting the annual passenger survey since 1999. All detailed results of the World Airlines Awards can be found at www.worldairlineawards.com

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Kyoto Fusioneering and Astral Systems join Culham fusion hub

    Source: United Kingdom – Executive Government & Departments

    Press release

    Kyoto Fusioneering and Astral Systems join Culham fusion hub

    UKAEA’s Culham Campus welcomes Kyoto Fusioneering and Astral Systems as its latest tenants.

    Culham Campus site in Oxfordshire – Image Credit: United Kingdom Atomic Energy Authority

    Two pioneering companies, Kyoto Fusioneering and Astral Systems, have joined the growing cluster of fusion technology and AI organisations at United Kingdom Atomic Energy Authority’s (UKAEA) Culham Campus.

    The arrival of Kyoto Fusioneering and Astral Systems marks another significant step in the evolution of Culham Campus as a community of like-minded people. The site has organisations across sectors including fusion energy, robotics, autonomous vehicles, and computing, supporting the UK’s ambition to lead the global quest for commercial fusion energy.

    Kyoto Fusioneering, a leading developer of fusion technologies, and Astral Systems, a leader in compact fusion innovations, bring cutting-edge capability to Culham, enhancing the dynamic ecosystem of science and technology tenants already based on site.

    Tim Bestwick, Deputy CEO, UKAEA, said:

    We are delighted to welcome Kyoto Fusioneering and Astral Systems to Culham Campus. Their presence demonstrates the growing momentum in the UK’s fusion technology sector and the strength of our innovation ecosystem. Culham is not just the home of the UK’s fusion programme – it is the UK’s first AI Growth Zone and is fast becoming the go-to location for industry, academia and investors focusing on high technology innovation.

    Richard Pearson, Co-founder and Chief Innovator at Kyoto Fusioneering, added:

    Being part of the Culham Campus community is an important milestone for Kyoto Fusioneering. Culham represents a world-class environment for fusion innovation, and we are excited to contribute our expertise and collaborate with the brilliant minds here to help realise a fusion-powered future.

    Talmon Firestone, Co-founder and CEO, Astral Systems, said:

    Securing space at Culham Campus marks another important step in deepening our relationship with UKAEA. With its world-class facilities and collaborative environment, Culham is the ideal home for our work on the Small-Scale Experiment for Tritium Breeding (SSETB) and future Fusion Futures initiatives. We’re excited to grow our presence here and continue contributing to the UK’s fusion ecosystem.

    Updates to this page

    Published 17 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Homes England acquires Ripon Barracks from the Ministry of Defence to pave way for 1,300 new homes

    Source: United Kingdom – Executive Government & Departments

    News story

    Homes England acquires Ripon Barracks from the Ministry of Defence to pave way for 1,300 new homes

    Planning permission has been granted by North Yorkshire council for the new homes as part of a phased development plan

    Credit: Aecom

    Homes England and the Ministry of Defence (MoD) have today confirmed that land at Ripon Barracks, a military site scheduled for closure, will be developed into 1,300 new homes following a sale between the two public sector organisations.

    The homes will be surrounded by natural green spaces and complemented by a new primary school, community centre and retail area to create a vibrant new community. 

    In March, the site was named as part of a trailblazer approach to development on public sector land, with a changed cross-government approach to MoD land providing a blueprint for accelerating housebuilding. A ‘tripartite taskforce’ of MoD, the Ministry for Housing, Communities and Local Government, and HM Treasury is working to deliver further planning changes

    The plans have been made possible by extensive collaboration work between Homes England, MoD, the Defence Infrastructure Organisation (DIO) and the Army Basing and Infrastructure Directorate, as part of the new trailblazer approach, with teams in all organisations working cooperatively to unlock the publicly owned site for housing delivery. The sale of Ripon Barracks is part of the MoD’s Defence Estate Optimisation (DEO) portfolio, which includes investing in key military infrastructure and releasing sites that are no longer needed by the MoD.  

    The development will be delivered in phases, with initial work beginning at the vacant Deverell Barracks site to provide the first 150 new homes. The remaining areas – Claro Barracks, Laver Banks, and the former Engineering Park – will be developed following the scheduled departure of the Royal Engineers to the nearby Marne Barracks in Catterick.

    Deputy Prime Minister and Secretary for Housing Angela Rayner, said: 

    Unlocking underused public land like Ripon Barracks is exactly the kind of practical action people want to see, and a crucial part of tackling the housing crisis we face.  

    By working with Homes England as a key delivery partner, we’re making a real difference for people in North Yorkshire by creating vibrant communities and driving economic growth. This marks another step forward in our mission to build 1.5 million homes in our Plan for Change.

    Defence Secretary, John Healey MP said: 

    We are delivering on our promise to create a new, trailblazer approach to the use of public land and unlock homeownership for working families in North Yorkshire and beyond. We are working together to speed up planning permissions and housebuilding plans. This is a truly cross-government effort to remove blockers, deliver homes and boost growth in support of our Plan for Change. 

    Alongside this, we are investing more than £7 billion this Parliament on improving accommodation for military personnel and their families, providing them the standard of living they truly deserve.

    Homes England will act as the master developer for Ripon Barracks and will coordinate delivery of the essential infrastructure needed before construction can begin. This includes the planning of site-wide drainage, supporting road networks, and other key enabling works.  

    Homes England and the MoD will work together to honour the site’s military past through appreciative design, landscaping, and interpretive elements within the new community. Core design principles will preserve and integrate notable historical features of the site, such as the linear parade ground layout and the original footpath network. 

    Eamonn Boylan, Chief Executive of Homes England, said:  

    This milestone achievement is the result of government bodies uniting to drive forward this government’s mission of building 1.5 million homes this parliament. By combining MoD’s land assets with Homes England’s planning and development expertise, we’ve unlocked a site with a historic past which we’re determined will shape the development’s future.

    Deputy Head of Major Disposals for DIO, Robert Smith, said:  

    This is an important milestone in bringing forward Ripon Barracks for redevelopment and is testament to the strong collaboration between all partners involved. Ripon Barracks has a rich history and this is an excellent example of how sites that are no longer needed by the military can be unlocked to bring real benefits to the local community.

    Notes to editors: 

    1. Under current DEO Army plans, 21 Engineer Regiment will move from Claro Barracks into Marne Barracks in Catterick where they will co-locate with 32 Engineer Regiment and 5th Regiment Royal Artillery in a mixture of refurbished and modern purpose-built buildings. 

    2. As well as delivering new and refurbished accommodation for over 40,000 military personnel and their families, the Defence Estate Optimisation Portfolio will also deliver new and refurbished technical, training and office space for over 64,000 MOD personnel. 

    3. DEO is on target to release enough surplus MOD land for over 32,000 new homes to be built across the country, as well as a range of community enhancing construction projects including schools, offices, shops, parks and open green spaces. 

    4. Defence Estate Optimisation is the single biggest estates change programme within Defence, bringing together an ambitious portfolio of interdependent programmes, construction activity, unit and personnel moves, and land release. www.gov.uk/guidance/defence-estate-optimisation-deo-portfolio 

    5. The Defence Infrastructure Organisation (DIO) was formed in 2011 as the Ministry of Defence’s estates arm, supporting the armed forces to enable military capability by planning, building, maintaining, and servicing infrastructure.  https://www.gov.uk/government/organisations/defence-infrastructure-organisation 

    About Homes England 

    We are the government’s housing and regeneration Agency, and we’re here to drive the creation of more affordable, quality homes and thriving places so that everyone has a place to live and grow.  

    We make this happen by working in partnership with thousands of organisations of all sizes, using our powers, expertise, land, capital and influence to bring investment to communities and get more quality homes built. 

    Learn more about us: https://www.gov.uk/government/organisations/homes-england/about 

    Press Office Contact Details 

    Email: media@homesengland.gov.uk 

    Phone: 0207 874 8262

    Updates to this page

    Published 17 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Great British Energy Lands Deal to Deliver Offshore Wind Jobs

    Source: United Kingdom – Government Statements

    Press release

    Great British Energy Lands Deal to Deliver Offshore Wind Jobs

    Britain’s workers in industrial heartlands such as Teesside, Scotland, South Wales and East Anglia to benefit from a deal for the country’s industrial renewal.

    • Britain’s workers and industries supported as Energy Secretary and Great British Energy announce a major public-private deal to drive investment into offshore wind jobs.
    • Great British Energy’s initial investment of £300 million to catalyse a further £700 million from industry and The Crown Estate, taking the total pot to £1 billion as part of the Industrial Strategy.
    • Comes as Clean Industry Bonus allocations are confirmed, as government turbocharges delivery of clean energy jobs and growth through the Plan for Change.

    Britain’s workers in industrial heartlands such as Teesside, Scotland, South Wales and East Anglia are set to benefit from a major deal crowding in investment for the country’s industrial renewal.

    The government and Great British Energy, the UK’s publicly owned clean power company, have today (17 June) joined forces with industry and The Crown Estate to invest £1 billion in offshore wind supply chains. This will secure Britain’s renewal through manufacturing facilities and skilled well-paid jobs, delivering on government’s mission to make the UK a clean energy superpower.

    Investment comes after the Spending Review confirmed the biggest programme of investment in homegrown energy in history and forms part of the government’s Industrial Strategy – which will include clean energy industries – sending a clear signal to the world to ‘Build it in Britain’.

    This investment will power the next generation of offshore wind in Britain, supporting British innovation from blueprint to blade. By backing the manufacturing of turbines, floating platforms, HVDC cables, and cutting-edge technologies, alongside upgrading vital port infrastructure from Leith and Teesside to Great Yarmouth and Port Talbot. This investment will unlock thousands of jobs, kickstarting growth in coastal communities and industrial towns, and secure a cleaner, more independent energy future for Britain.

    The funding is made up of:

    • £300 million announced by Great British Energy in April, which provides upfront public investment to crowd in funding from the private sector into Britain’s industrial regions.
    • £400 million from The Crown Estate, intended to support new infrastructure, including ports, supply chain manufacturing and research and testing facilities.
    • £300 million being developed by the offshore wind industry to match fund government through the Industrial Growth Plan, to deliver new investments into supply chains such as advanced turbines technologies and foundations and substructures.

    This takes the pot to £1 billion, building the industries of the future in Britain, such as floating offshore wind, and securing the UK as an attractive investment destination for international investors and existing UK companies. 

    Funding will support thousands of additional jobs – from the electricians manufacturing the turbines and blades to the engineers responsible for the construction and maintenance of wind farms. The government is giving long-term industrial certainty to hardworking British people as part of the Plan for Change.

    Energy Secretary Ed Miliband said:

    This is an unprecedented collaboration between public and private investors with Great British Energy crowding in millions of private sector investment from industry and The Crown Estate, to ensure that British companies and workers win the global race for clean energy.

    We are witnessing the coming of age of Britain’s green industrial revolution as we build this new era of clean energy abundance, helping deliver new jobs, energy security and lower household’s bills through our Plan for Change.

    Great British Energy Chief Executive Dan McGrail said:

    Today’s announcement highlights the unique role Great British Energy can play in the market. By providing state-backed, catalytic investment, we can deliver on our remit to crowd-in investment, giving much needed certainty to developers and investors in the clean energy sector. GBE will continue to support domestic supply chains, driving sustainable economic growth for all corners of the UK.

    RenewableUK’s Deputy Chief Executive Jane Cooper said:

    A concerted focus from industry and Government on growing the offshore wind industry’s supply chain in the UK could deliver an extra 10,000 jobs between now and 2035, boosting the UK’s economy by £25 billion. Our sector is stepping up, working closely with the Energy Secretary and the Crown Estate to create new opportunities for manufacturing high-value goods like turbine towers, blades, foundations and cables, and providing high quality jobs building, operating and maintaining offshore wind farms.

    Our ambition is to transform quaysides around our coastline into clusters of global excellence in offshore wind, bringing new jobs and investment to communities which often badly need economic renewal.

    Richard Sandford, Chair of the Offshore Wind Industry Council, said;

    Growing our supply will avoid the kind of bottlenecks that push up costs and cause delays, so it is good for developers, consumers and our Clean Power Mission. We are working to match the Government’s funding to support a homegrown supply chain, and drive long-term sector growth. It’s vital that industry and Government keep working together to remove barriers so that we can get more capacity through clean power auctions and more funding to the supply chain.

    Gus Jaspert CMG, Managing Director, Marine at The Crown Estate, said:

    The power of offshore wind is not just in secure, green energy, but also in the opportunity to create jobs, investment and support economic growth across the country.  As our ambition on renewable energy grows, so too does our ambition to grow the UK’s supply chain and infrastructure.  Scaling up investment in our domestic supply chain will propel the UK towards its clean energy goals and take our world-leading sector to the next level, supporting thousands more jobs and creating an increasingly attractive environment for investors.

    The funding comes as Great British Energy have announced that leading public finance and investment institutions have come together to accelerate the deployment of funding, supporting domestic supply chain development for offshore wind projects.

    Great British Energy will bring together the National Wealth Fund, The Scottish National Investment Bank, The Crown Estate, Crown Estate Scotland and The Development Bank of Wales, agreeing to develop a unified public finance ‘ecosystem’ to build Britain’s offshore wind supply chains.

    The government will also allocate up to £544 million from its Clean Industry Bonus, which provides funding to offshore wind developers for prioritising their investment into some of Britain’s most deprived communities, and in cleaner supply chains. 

    Funding will go to developers investing in regions such as Scotland, the North East and the East Anglia. Subject to the outcome of this year’s renewables auction, industry estimates this could support up to 14,000 jobs, and drive up to £9 billion of private funding into these communities over the next four years.  For every £1 spent on the bonus, it is estimated to crowd in £17 of private investment.

    This means unlocking private sector investment into manufacturers of electrical equipment, heavy steel products, upgraded port facilities and the high-tech components needed to build floating and fixed offshore wind farms.

    This will support good jobs for British people in these regions – delivering the government’s mission to become a Clean Energy Superpower and Plan for Change.

    Notes to editors: 

    Offshore wind supply chains:

    • The funding comes as Great British Energy today have announced that leading public finance and investment institutions have come together to accelerate the deployment of funding, supporting domestic supply chain development for offshore wind projects.
    • Great British Energy, The National Wealth Fund, The Scottish National Investment Bank, The Crown Estate, Crown Estate Scotland and The Development Bank of Wales have each agreed to develop a unified, integrated public finance ecosystem to support the growth of the UK’s offshore wind sector.
    • Developers are set to contribute to the pot once they have secured a Contracts for Difference in the next auction round (AR7).

    Clean Industry Bonus:

    • Industry applied for Clean Industry Bonus in their numbers, with hundreds of bids, in a major vote of confidence for the Prime Minister’s mission to become a Clean Energy Superpower.   
    • Up to £200 million has been allocated to invest in clean energy facilities in the North East, unlocking up to an additional £4 billion private sector investment into manufacturers such as electrical equipment and heavy steel products.     
    • Up to £185 million has been allocated to Scotland, unlocking up to £3.5 billion private sector investment in ports and high-tech components needed to build floating and fixed offshore wind farms.    
    • The East of England has been allocated up to £20 million and Northern Ireland has up to £25 million to develop clean energy manufacturing capacity. 

    Offshore wind developers will now go on to bid for contracts to deliver their projects, as part of the next Contracts for Difference renewables round. This means there will be some attrition in winning CIB bids. Those project that win CfD contracts can then finalise the above investments into factories, with any unsuccessful projects in the main auction able to bid again next year.

    Updates to this page

    Published 17 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: International Defense Ministry Awards BIO-key over $600K in Follow-On Orders for Secure Biometric Access to Critical Information

    Source: GlobeNewswire (MIL-OSI)

    HOLMDEL, N.J., June 17, 2025 (GLOBE NEWSWIRE) — BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB) for phoneless, tokenless, passwordless and phish-resistant authentication experiences, announced that the cyber-defense unit of one of the world’s most renowned defense ministries has placed over $600K in new orders for BIO-key’s biometric user authentication solution. The orders are for additional biometric hardware and authentication software to be shipped in the current quarter.

    The defense ministry has deployed BIO-key’s biometric authentication solution into new programs delivering convenient and positive authentication access to digital services for over 47,000 users utilizing over 40,000 BIO-key fingerprint scanners. BIO-key expects additional awards in future periods as the defense ministry expands the use of its solution.

    BIO-key’s secure biometric authentication platform has proven highly reliable, less costly and more secure than hardware security keys. BIO-key worked closely with the ministry’s cybersecurity team to integrate its state-of-the-art, cloud-enabled biometric authentication with the ministry’s authentication federation platform to deliver advanced, secure biometric access to systems and applications across organizational boundaries. Because BIO-key credentials are inherent to the individual themselves, secure access cannot be shared, delegated, phished or forgotten.

    Jim Sullivan, BIO-key’s SVP Strategy and Chief Legal Officer, said, “This organization is considered one of the most sophisticated consumer and developer of cybersecurity technologies in the world. It speaks volumes about BIO-key’s relentless innovation to be a component of such a strategic and sizeable deployment. BIO-key’s unique technology provides a means to quickly add new users without the need for cumbersome token or phone provisioning steps. It is an honor to be trusted to provide the highest level of security possible by ensuring only the right user can access “for-your-eyes-only” information. BIO-key sees growing adoption for high-stakes applications in the defense vertical as we continue to expand on our base of decade-plus customers deploying secure, robust solutions in government, manufacturing, finance and retail.”

    About BIO-key International, Inc. (www.BIO-key.com)
    BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

    BIO-key Safe Harbor Statement
    All statements contained in this press release other than statements of historical facts are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Engage with BIO-key
    Corporate
    Facebook: https://www.facebook.com/BIOkeyInternational/
    LinkedIn:  https://www.linkedin.com/company/bio-key-international
    X: @BIOkeyIntl
    Investors
    X: @BIO_keyIR
    StockTwits: @BIO_keyIR

    Investor Contacts
    William Jones, David Collins
    Catalyst IR
    BKYI@catalyst-ir.com or 212-924-9800

    The MIL Network –

  • MIL-OSI: Oxbridge / SurancePlus to Speak at Yield Day NYC and Attend Permissionless IV

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, June 17, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States.

    Today, the company is pleased to announce its upcoming participation in Yield Day NYC and Permissionless IV, two leading events advancing real-world asset (RWA) innovation and institutional adoption in decentralized finance.

    On Monday, June 23rd, SurancePlus will be a featured sponsor and speaker at Yield Day NYC, hosted by RWA Builders at Apella, Suite 200 in Midtown Manhattan. The featured panel, “The Dividend Layer of DeFi,” at 4:45 PM ET will include:

    • Jay Madhu, Chairman and CEO of Oxbridge and SurancePlus
    • David Silverman, SVP of Strategic Product Initiatives, Polygon Labs
    • Mike Revy, Founder and CEO, Bulla Network
    • Anil Jaladi, Founder and CEO, cSigma Finance (Moderator)

    As a network member of RWA Builders, SurancePlus is proud to be part of the growing ecosystem enabling institutional-grade RWA tokenization through compliant, forward-looking infrastructure.

    From there, the Oxbridge and SurancePlus team will attend Permissionless IV, held June 24–26 at Industry City in Brooklyn—one of the largest global gatherings for developers, capital allocators, and blockchain innovators. The event features keynotes, panels, workshops, and side events focused on scaling institutional adoption and real-world applications of on-chain finance.

    Team members will be on-site throughout both events to meet with partners, showcase Oxbridge’s tokenized reinsurance offerings—EtaCat Re and ZetaCat Re—and engage with prospective collaborators on new strategic opportunities.

    Investors, asset managers, and collaborators are encouraged to contact the team to arrange a meeting.

    This announcement follows yesterday’s release of a new partnership between SurancePlus and Midnight, a privacy-first blockchain developed by the creators of Cardano. Chosen as one of SurancePlus’ partnered blockchain networks, Midnight brings powerful privacy infrastructure at a time when a growing number of global qualified investors are seeking confidentiality alongside compliance. The collaboration enables privacy-enabled, audit-grade RWA tokenization—advancing a new standard for secure, transparent, and compliant capital flows.

    Jay Madhu, CEO of Oxbridge, commented, “We look forward to joining Yield Day and Permissionless IV. These events bring together credible builders and capital allocators focused on the future of real-world assets. As interest in on-chain privacy grows, our partnership with Midnight broadens the infrastructure we can explore for secure, compliant reinsurance on-chain.”

    Meet Oxbridge / SurancePlus in New York

    Investors and potential partners interested in Oxbridge and SurancePlus’ tokenized reinsurance offerings are encouraged to connect with the team during the event. Contact details are provided below.

    Disclaimer: This press release does not constitute an offer to sell nor a solicitation of an offer to buy the EtaCat Re or ZetaCat Re tokenized reinsurance securities (the “Securities”). The Securities are not required to be, and have not been, registered under the United States Securities Act of 1933, as amended, in reliance on the exemptions provided by Regulation S and SEC Rule 506(c) thereunder. Offers and sales of the Securities are made only by, and pursuant to, the terms set forth in the Confidential Private Placement Memorandum relating to the Securities. The offering of the Securities is not being made to persons in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction.

    About Oxbridge Re Holdings Limited

    Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.

    Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

    Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non U.S. investors.

    Company Contact:
    Oxbridge Re Holdings Limited
    Jay Madhu, CEO
    +1 345-749-7570
    jmadhu@oxbridgere.com

    Forward-Looking Statements

    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2024 and in our other filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.

    The MIL Network –

  • MIL-OSI: The Keg Royalties Income Fund Enters into Arrangement Agreement

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to U.S. News wire services or dissemination in the U.S.

    VANCOUVER, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that, further to the non-binding letter of intent previously announced on May 5, 2025 (the “LOI”), it has entered into an arrangement agreement (the “Arrangement Agreement“) with 1543965 B.C. Ltd. (the “Purchaser“) an affiliate of Fairfax Financial Holdings Limited (collectively with its affiliates, “Fairfax”) pursuant to which the Purchaser has agreed to acquire all of the issued and outstanding units of the Fund (“Units”) other than Units already owned by Fairfax, for a price of $18.60 per Unit (the “Purchase Price”), payable in cash (the “Transaction”). The Transaction is not subject to a financing condition. The Fund will continue to pay its monthly cash distribution to unitholders (“Unitholders”) until the Transaction is completed, including a prorated cash distribution for the month in which the closing of the Transaction (the “Closing”) occurs, as well as a special cash distribution based on the Fund’s historical practice of paying annual special distributions, prorated for the portion of the fiscal year completed as of the Closing.

    Kip Woodward, Chairman of the Fund, commented, “The Transaction offers the Fund’s unitholders a substantial premium at a compelling valuation, as well as immediate liquidity. It also provides the Keg business with additional financial flexibility in the hands of a committed, well-capitalized owner with a long-term perspective. We are very pleased to have reached this definitive agreement with Fairfax for our unitholders, following our announcement of the non-binding LOI last month.”

    Benefits of the Transaction to Unitholders

    The Transaction, if completed, will provide numerous benefits to Unitholders, including the following:

    • Compelling Value and Significant Premium – the Purchase Price represents a 30.8% premium to the closing price for the Units on May 2, 2025 (the last trading day prior to the announcement of the LOI), and a 34.7% premium to the 20-day volume weighted average trading price as of that date.
    • Certainty and Immediate Liquidity – the Purchase Price is 100% payable in cash, with no financing condition, providing Unitholders with certainty and immediate liquidity.
    • Continued Distributions to Closing – the Fund will continue to pay its monthly cash distribution to Unitholders of $0.0946 per Unit until the Transaction is completed, including a prorated monthly distribution for the month in which the Closing occurs, as well as a special cash distribution based on the Fund’s historical practice of paying annual special distributions, with such special cash distribution being set at $0.055 per Unit for the 2025 fiscal year, prorated for the portion of the fiscal year completed as of the Closing.

    Trustee Recommendation

    The Transaction is the product of extensive, arm’s length negotiations that took place between the board of trustees of the Fund (the “Trustees”) and representatives of Fairfax. Throughout the negotiations, the Trustees were advised by independent and highly qualified legal and financial advisors.

    In connection with their review of the Transaction, the Trustees retained Fort Capital Partners (“Fort Capital”) as its independent valuator in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). Fort Capital delivered an oral opinion to the Trustees that, as of June 16, 2025, and subject to certain assumptions, limitations and qualifications to be set forth in the written formal valuation that will be included in the management information circular (the “Circular“) that will be sent to the Unitholders in connection with the special meeting to be called to approve the Transaction (the “Special Meeting“), the fair market value of the Units is in the range of $16.50 to $19.50 per Unit (the “Formal Valuation“). Fort Capital has also delivered an oral fairness opinion to the Trustees that, as of June 16, 2025, and subject to the assumptions, limitations and qualifications to be set forth in Fort Capital’s written fairness opinion that will be included in the Circular, the consideration to be received by the Unitholders (other than Fairfax) pursuant to the Transaction is fair, from a financial point of view, to the Unitholders (other than Fairfax) (the “Fort Capital Fairness Opinion“).

    Additionally, Capital West Partners (“Capital West”), financial advisor to the Trustees, provided an oral fairness opinion to the Trustees stating that, as of June 16, 2025, and subject to certain assumptions, limitations and qualifications to be set forth in Capital West’s written fairness opinion that will be included in the Circular, the consideration to be received by the Unitholders (other than Fairfax) pursuant to the Transaction is fair, from a financial point of view, to the Unitholders (other than Fairfax) (together with the Fort Capital Fairness Opinion, the “Fairness Opinions“).

    The Trustees of the Fund, after receiving legal and financial advice, the Fairness Opinions and the Formal Valuation, have unanimously determined that the Transaction is in the best interests of the Fund and fair to the Unitholders (other than Fairfax) and unanimously recommend that the Unitholders vote in favour of the Transaction.

    Copies of the Formal Valuation and the Fairness Opinions, as well as additional details regarding the terms and conditions of the Transaction, will be contained in the Circular, which will be filed with applicable Canadian securities regulators, made available on the SEDAR+ profile of the Fund at www.sedarplus.ca and mailed to the Unitholders in connection with the Special Meeting.

    Transaction Structure and Details

    The Transaction is structured as a statutory plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which, among other things, the Purchaser will acquire all of the issued and outstanding Units, other than Units already owned by Fairfax, for the Purchase Price payable in cash.

    The Transaction is expected to close in the third quarter of this year and is subject to customary closing conditions, including court approval, the approval of the Unitholders (as further described below), approval of the Toronto Stock Exchange and regulatory approval under the Competition Act (Canada).

    Completion of the Transaction will be subject to the approval of (i) more than two-thirds (66 2/3%) of the votes cast by Unitholders present in person or represented by proxy at the Special Meeting and (ii) the majority of the votes cast by Unitholders present in person or represented by proxy at the Special Meeting, excluding the votes of Fairfax (which currently owns approximately 33.92% of the Units on a fully-diluted basis, including securities exchangeable into Units (“Exchangeable Units”)) and any other Unitholders whose votes are required to be excluded for the purposes of “minority approval” under MI 61-101. Further details regarding the applicable voting requirements will be contained in the Circular.

    The Trustees and certain other Unitholders, including individuals who are directors and/or officers of certain subsidiaries of the Fund, and, as previously announced, the largest holder of outstanding Units (without taking into account any Exchangeable Units held by Fairfax), have agreed to vote their respective Units, if any, in favour of the resolution approving the Transaction, subject to certain customary conditions set forth in voting and support agreements (the “Support Agreements”). These Unitholders who have entered into Support Agreements currently hold an aggregate of approximately 14.7% of the issued and outstanding Units on an undiluted basis (representing approximately 9.9% of the issued and outstanding Units on a fully diluted basis, including the Exchangeable Units).

    Advisors

    Capital West Partners and Lawson Lundell LLP are acting as financial advisor and legal advisor, respectively, to the Trustees in respect of the Transaction. Torys LLP is acting as legal advisor to Fairfax in respect of the Transaction.

    Forward Looking Information

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. This information includes, but is not limited to, statements concerning the Fund’s objectives, its strategies to achieve those objectives, as well as statements made with respect to the Trustees’ beliefs, plans, estimates, projections and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “estimates”, “intends”, “anticipates”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent the Trustees’ expectations, estimates and projections regarding future events or circumstances. Forward-looking information in this news release, which includes, among other things, statements relating to the Transaction (including statements in respect of the consummation of the Transaction, the payment of cash distributions, and the satisfaction of the conditions precedent thereto, in each case, if at all), is necessarily based on a number of opinions and assumptions that the Trustees considered appropriate and reasonable as of the date such statements are made in light of their experience, current conditions and expected future developments, including the assumption that the Transaction can be completed on acceptable terms and that any conditions precedent can be satisfied.

    Risks and uncertainties related to the Transaction include, but are not limited to: the possibility that the Transaction will not be completed on the terms and conditions currently contemplated; failure of the Fund and Fairfax to obtain the required regulatory, court, stock exchange and Unitholder approvals for, or satisfy other conditions to effect, the Transaction; the risk that the Transaction may involve unexpected costs, liabilities or delays; the risk of a change in general economic conditions; the risk that, prior to the completion of the Transaction, the business of KRL (as defined below) may experience significant disruptions; the risk that any legal proceedings may be instituted against the Fund or determined adversely to the interests of the Fund; and other risk factors contained in filings made by the Fund with the Canadian securities regulators, including the Fund’s annual information form dated March 25, 2025 and financial statements and related management discussion and analysis for the financial year ended December 31, 2024 filed with the securities regulatory authorities in certain jurisdictions of Canada and available at www.sedarplus.ca.

    Although the Trustees have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to them or that they presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward- looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents the Fund’s expectations as of the date of this news release (or as the date they are otherwise stated to be made) and are subject to change after such date. However, the Fund disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws in Canada. All of the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary statements.

    About The Keg Royalties Income Fund

    The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). Vancouver-based KRL is the leading operator and franchisor of steakhouse restaurants in Canada and has a substantial presence in select regional markets in the United States. KRL has been named the number one restaurant company to work for in Canada in the latest edition of Forbes “Canada’s Best Employers 2025” survey.

    About Fairfax Financial Holdings Limited

    Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.

    The MIL Network –

  • MIL-OSI: Combining Sustainable Growth with Performance: Boralex Announces Its Strategic Plan and Financial Objectives for 2030

    Source: GlobeNewswire (MIL-OSI)

    MONTRÉAL, June 17, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces its Strategic Plan and Financial Objectives for 2030.

    2030 Strategy Highlights

    • Acceleration of organic growth, leveraging our high-quality pipeline of projects and growth path
    • Maintain disciplined financial management with precise expected returns indicators, a solid balance sheet, flexible and agile financing and the introduction of a cash flows per share growth objective.  
    • Three simplified pillars: growth, efficiency and long-term differentiation.
    • Two markets in strong leadership position: Canada, with strong growth potential in Quebec and Ontario, and France, with significant potential to optimize revenues and cash flows from operating assets.
    • Two expanding markets: certain U.S. states, including solar in New York State, and the United Kingdom through the development of a long-term growth platform.
    • Increase in the weighted average remaining contract duration1 from 11 years in 2024 to 14 years by 2030.
    • Keeping up the pace of growth: double the Company’s installed capacity2 every five years within a diverse, inclusive, and responsible work environment aimed at a net-zero trajectory by 2050.

    “We are very proud to present the results of our 2030 strategic planning exercise. In a context where climate risk remains one of the main business risks globally, our strategy aims to combine sustainable growth with performance through the production of renewable and affordable energy,” said Patrick Decostre, President and Chief Executive Officer of Boralex. “By executing this plan, we are unlocking the full potential of our business model, which will allow us to seize the most promising opportunities in the four markets where we are already active and where demand for renewable energy is growing rapidly,” he added.

    “This growth, supported by a development projects pipeline and growth path of 8 GW, will be carried out in a disciplined manner and will continue to focus on securing long-term power purchase agreements with an increasingly diversified customer base. Moreover, the increase in the weighted average remaining duration of our contracts from 11 to 14 years will enable us to implement highly competitive financing structures and reinvest these long-term secured funds into an increasing number of profitable projects in the coming years,” Mr. Decostre continued.

    Boralex’s 2030 Strategy is rooted in a long-term value creation perspective, as it will enable targeted investments in projects that will materialize not only over the next five years, but also in following years, replicating the approach adopted in the 2021-2025 Strategic Plan. The 2030 Strategy builds on the significant efforts made over the past five years to create a high-quality development portfolio, enabling us to set fully organic growth targets over which we have greater control. As a result, this approach carries a lower level of risk compared to the previous plan, which relied on an important expected portion coming from mergers and acquisitions.

    Financial Objectives and Main Business Indicators 2025–20303

    100% Organic financial objectives

    • Compound annual growth rate (CAGR)4 of operating income between 12% to 14%, consolidated EBITDA(A)4 between 7% to 9% and combined EBITDA(A)4 between 8% to 10%.
    • CAGR of cash flows related to operating activities per share4 and of discretionary cash flows per share4 between 8% to 10%.

    Main business indicators

    • Total planned investments4 of $6.8 billion plus $1.2 billion for projects scheduled to be commissioned after 2030.
    • Minimum levered internal rate of return (IRR)4 on investments threshold between 10% and 12% adjusted for specific risks by region and technology as well as changes in cost of capital.
    • Payout ratio4 of 20% to 40% of discretionary cash flows.

    “Boralex will continue to grow by applying the same financial discipline that has driven its success in recent years. We will become even more agile by further diversifying our sources of financing. This will include a proactive approach to capital recycling for our most mature assets or those with high value-creation potential, as well as evaluating partnerships for larger-scale projects,” said Bruno Guilmette, Senior Vice President and Chief Financial Officer of Boralex.

    “Our 100% organic financial objectives reflect the high potential of our development pipeline and growth path, which has nearly tripled over the past five years. We are also introducing a new target in this plan: the growth of discretionary cash flows per share—a metric aligned with investor expectations and with the variable compensation of our employees. We are therefore highly confident that these objectives, combined with our discipline, will enable Boralex to maximize value creation for its shareholders and all stakeholders,” Mr. Guilmette added.

    Investor Day 2025

    Boralex presented its 2030 Strategy and objectives to a group of investors, financial analysts, and bankers gathered in Toronto. The presentation was also broadcast live for business partners who were unable to attend in person. On this occasion, the executive team and regional leaders outlined the key elements and financial targets of the 2030 Strategy, the various growth opportunities and outlooks by region and technology, as well as the company’s approach to risk management and sustainability. A replay of the event and all presentation materials are available on Boralex’s website in the Investors section.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to 3.2 GW. We are developing a portfolio of projects in development and construction of 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, discipline, expertise and diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX. 

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook and LinkedIn.

    Non-IFRS and other financial measures

    Performance measures

    In order to assess the performance of its assets and reporting segments, Boralex uses various performance measures. Management believes that these measures are widely accepted financial indicators used by investors to assess the operational performance of a company and its ability to generate cash through operations. The non-IFRS and other financial measures also provide investors with insight into the Corporation’s decision making as the Corporation uses these non-IFRS financial measures to make financial, strategic and operating decisions. It is important to note that the non-IFRS financial measures should not be considered as substitutes for IFRS measures. They are primarily derived from the audited consolidated financial statements, but do not have a standardized meaning under IFRS; accordingly, they may not be comparable to similarly named measures used by other companies. In addition, these non-IFRS financial measures are not audited and have important limitations as analytical tools. Investors are therefore cautioned not to consider them in isolation or place undue reliance on ratios or percentages calculated using these non-IFRS financial measures.

    Non-GAAP financial measures
    Specific financial measure Use Composition Most directly comparable IFRS measure
    Financial data – Combined (all disclosed financial data) To assess the performance and the ability of a company to generate cash from its operations and investments in joint ventures and associates. Results from the combination of the financial information of Boralex Inc. under IFRS and the share of the financial information of the Interests.

    Interests in joint ventures and associates, Share in earnings (losses) of joint ventures and associates and Distributions received from joint ventures and associates are then replaced with Boralex’s respective share in the financial statements of the Interests (revenues, expenses, assets, liabilities, etc.).

    		 Respective financial data –Consolidated
    Discretionary cash flows To assess the cash generated from operations and the amount available for future development or to be paid as dividends to common shareholders while preserving the long-term value of the business. Net cash flows related to operating activities before “change in non-cash items related to operating activities,” less:

    (i) distributions paid to non-controlling shareholders;
    (ii) additions to property, plant and equipment (maintenance of operations);
    (iii) repayments on non-current debt (projects) and repayments to tax equity investors;
    (iv) principal payments related to lease liabilities;
    (v) adjustments for non-operational items; plus
    (vi) development costs (from the statement of earnings).

    		 Net cash flows related to operating activities
    Non-GAAP financial measures – Non-GAAP ratios
    Specific financial measure Use Composition
    Discretionary cash flows per share To assess the amount per share available for future development or to be paid as dividends to common shareholders while preserving the long-term value of the business as well as to assess operating results.

    Financial objective 2030

    		 The discretionary cash flows amount divided by the weighted average number of basic outstanding shares.
    Payout ratio To assess ability to sustain current dividends as well as ability to fund its future development.

    Main business indicator 2030

    		 The amount of dividends paid to shareholders divided by the discretionary cash flows amount.
    Other financial measures – Total of segment measures
    Specific financial measure Most directly comparable IFRS measure
    EBITDA(A) Operating income
    Other financial measures – Total of segment measures
    Specific financial measure Most directly comparable IFRS measure
    Compound annual growth rate (CAGR) The CAGR is a growth rate indicating the annual variation as if the growth had been constant throughout the period for a period of more than one fiscal year.
    Net Cash flows related to operating activities per share

    Financial objective 2030    		 The amount of cash flows from operating activities is divided by the weighted average number of basic outstanding shares.
    Total planned investments

    Main business indicator 2030

    		 Total planned investments represent the sums that will need to be invested to complete the projects up to commissioning.
    Internal rate of return (IRR)

    Main business indicator 2030

    		 The IRR is a profitability indicator that measures the average annual return of an investment, taking into account levered cash flows.


    Assumptions regarding forward-looking information

    Assumptions and risk factors regarding the forward-looking information in our 2030 strategic targets are presented below.

    Assumptions regarding forward-looking information
    Forward-looking information Key assumptions Most relevant risk factors
    2030 Installed capacity Results solely from the contribution of organic projects, excluding the impact of potential merger and acquisition transactions. Lag in commissioning time if obtaining the required permits is more complicated and takes longer than expected and if the Corporation encounters issues related to the availability of materials.
    Weighted average residual duration of contracts 2030 Growth of installed capacity according to the strategic plan and obtaining targeted contracts for new projects that will be commissioned. Delay in the commissioning of organic projects and contractual conditions different from those initially planned.
    Projects under construction Investments, EBITDA(A) and forecasted discretionary cash flows to meet the target IRR of 10% to 12% set by management for projects under construction. Possible variation in construction costs related to the complexity of work, the supply of materials and equipment and availability of labour necessary for the construction of projects.
    2030 Operating Result and EBITDA(A) 2030 Prices of energy sales or feed-in premium contracts, proportion of production sold at market prices, annual anticipated production, cost structures to support growth. Competition in requests for proposals, lag in commissioning time for organic projects and completion of merger and acquisition transactions, price curve volatility and weather conditions impacting the total volume of power generated by the Corporation.
    Cash flow per share 2030 Largely related to the expected EBITDA(A), and to project financing ranging from 70% to 80% of the total planned investment and the number of shares outstanding. Possible fluctuations related to deviations in the expected EBITDA(A) target and market conditions for financing and issuing new equity instruments


    Disclaimer regarding forward-looking statements

    Certain statements contained in this release, including those related to results and performance for future periods, installed capacity targets, EBITDA(A) and discretionary cash flows, the Corporation’s strategic plan, business model and growth strategy, organic growth and growth through mergers and acquisitions, obtaining an investment grade credit rating, payment of a quarterly dividend, the Corporation’s financial targets, the projects commissioning dates, the portfolio of renewable energy projects, the Corporation’s Growth Path, the bids for new storage and solar projects and its Corporate Social Responsibility (CSR) objectives are forward-looking statements based on current forecasts, as defined by securities legislation. Positive or negative verbs such as “will,” “would,” “forecast,” “anticipate,” “expect,” “plan,” “project,” “continue,” “intend,” “assess,” “estimate” or “believe,” or expressions such as “toward,” “about,” “approximately,” “to be of the opinion,” “potential” or similar words or the negative thereof or other comparable terminology, are used to identify such statements.

    Forward-looking statements are based on major assumptions, including those about the Corporation’s return on its projects, as projected by management with respect to wind and other factors, opportunities that may be available in the various sectors targeted for growth or diversification, assumptions made about EBITDA(A) margins, assumptions made about the sector realities and general economic conditions, competition, exchange rates as well as the availability of funding and partners. While the Corporation considers these factors and assumptions to be reasonable, based on the information currently available to the Corporation, they may prove to be inaccurate.

    Boralex wishes to clarify that, by their very nature, forward-looking statements involve risks and uncertainties, and that its results, or the measures it adopts, could be significantly different from those indicated or underlying those statements, or could affect the degree to which a given forward-looking statement is achieved. The main factors that may result in any significant discrepancy between the Corporation’s actual results and the forward-looking financial information or expectations expressed in forward-looking statements include the general impact of economic conditions, fluctuations in various currencies, fluctuations in energy prices, the risk of not renewing PPAs or being unable to sign new corporate PPA, the risk of not being able to capture the US or Canadian investment tax credit, counterparty risk, the Corporation’s financing capacity, cybersecurity risks, competition, changes in general market conditions, industry regulations and amendments thereto, particularly the legislation, regulations and emergency measures that could be implemented for time to time to address high energy prices in Europe, litigation and other regulatory issues related to projects in operation or under development, as well as certain other factors considered in the sections dealing with risk factors and uncertainties appearing in Boralex’s MD&A for the fiscal year ended December 31, 2024.

    Unless otherwise specified by the Corporation, forward-looking statements do not take into account the effect that transactions, non-recurring items or other exceptional items announced or occurring after such statements have been made may have on the Corporation’s activities. There is no guarantee that the results, performance or accomplishments, as expressed or implied in the forward-looking statements, will materialize. Readers are therefore urged not to rely unduly on these forward-looking statements.

    Unless required by applicable securities legislation, Boralex’s management assumes no obligation to update or revise forward- looking statements in light of new information, future events or other changes.

    For more information

    Source: Boralex inc.        

    1 The weighted average remaining duration also includes non-activated contracts for newly commissioned sites.
    2 Installed capacity reflects 100% of Boralex’s subsidiaries in which Boralex is the controlling shareholder. It also reflects Boralex’s share in entities over which it does not have control, and which are accounted for using the equity method.
    3 For more information on the key assumptions and risk factors related to the targets of the 2030 strategic plan, refer to the section Non-IFRS financial measures and other financial measures of this press release.
    4 The compound annual growth rate, cash flows from operating activities per share, total planned investments, and internal rate of return are additional financial measures. The Combined is a non-GAAP financial measure and does not have a standardized definition under IFRS. Therefore, this measure may not be comparable to similar measures used by other companies. Discretionary cash flows per share and the payout ratio are non-GAAP ratios and do not have a standardized definition under IFRS. EBITDA(A) is a total of sector measures. In 2024, net cash flows from operating activities amounted to $411 million, after adjusting to exclude the change in accounts payable related to the inframarginal rent contribution, representing an amount of $196 million. This adjustment primarily reflects a payment made during the third quarter of the fiscal year. The inframarginal rent contribution is no longer applicable in 2025. For more details, refer to the section Non-GAAP Financial Measures and Other Financial Measures in this press release.

    The MIL Network –

  • MIL-OSI: Fengate Asset Management and Tilbury Properties achieve financial close on new student residence in Ontario

    Source: GlobeNewswire (MIL-OSI)

    SARNIA, Ontario, June 17, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (Fengate), in partnership with Tilbury Properties (Tilbury), today announced financial close on a new student residence at Lambton College in Sarnia. The residence will provide much-needed accommodation to 311 college students when it opens in September 2027.

    Fengate and Tilbury were selected to design, construct, finance, operate, and maintain the new on-campus residence following a competitive procurement process. Fengate is managing the investment on behalf of the Fengate Infrastructure Yield Fund and its affiliated entities, including an investment by LiUNA’s Pension Fund of Central and Eastern Canada.

    Located in the heart of Lambton County, Lambton College is a globally recognized leader in education, innovation, and applied research. As the sole post-secondary institution in the region, the College plays a vital role in the community, driving economic development and diversification, propelling social and environmental innovation, and providing quality education to domestic and international students to ensure a thriving skilled workforce.

    “Fengate looks forward to bringing its deep institutional project experience to this new campus residence to provide modern, sustainable accommodation opportunities to Lambton College students in 2027,” said Mac Bell, Managing Director, Infrastructure Investments at Fengate.

    Fengate delivered and is operating the Emily Carr University of Art + Design in British Columbia (B.C.) – the only specialized post-secondary institution in B.C. In 2023, the firm also completed a public-private partnership bundle of six schools in Prince George’s County, Maryland, to provide state-of-the-art schools and 8,000 new desks for K-8 and middle school students.

    “Tilbury is proud to partner with Lambton College on this exciting new student residence,” said Michael Kaye, Founding Partner at Tilbury. “This thoughtfully designed project will modernize the College’s on-campus housing and support the academic and personal success of students for decades to come.”

    Specializing in purpose-built student accommodation, Tilbury takes a collaborative, hands-on approach with its post-secondary partners. The company prides itself on tailoring each project to meet the unique needs of academic institutions, creating exceptional living and learning environments. In September 2025, Tilbury will open a 452-bed residence and dining hall at the University of Windsor, further demonstrating its leadership in on-campus housing development.

    The new campus residence at Lambton College will incorporate energy-efficient systems and sustainable building materials to minimize environmental footprint and will include landscaped green spaces to enhance the campus environment.

    Construction is scheduled to start later this month.

    About Fengate

    Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $10 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 50 assets. Learn more at www.fengate.com.

    About Tilbury

    Tilbury Properties is a Canadian real estate development firm focused on purpose-built student housing. Founded in 2020, the company has over 1,000 student beds in various stages of development, making it one of the leading developers in Canada’s student housing sector. Learn more at www.tilburyprop.com.

    Media Contact

    Maddison Sharples
    Vice President, Communications and Marketing
    Fengate Asset Management
    +1 416-254-3326
    Maddison.Sharples@fengate.com

    The MIL Network –

  • MIL-OSI: Fengate Asset Management and Tilbury Properties achieve financial close on new student residence in Ontario

    Source: GlobeNewswire (MIL-OSI)

    SARNIA, Ontario, June 17, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (Fengate), in partnership with Tilbury Properties (Tilbury), today announced financial close on a new student residence at Lambton College in Sarnia. The residence will provide much-needed accommodation to 311 college students when it opens in September 2027.

    Fengate and Tilbury were selected to design, construct, finance, operate, and maintain the new on-campus residence following a competitive procurement process. Fengate is managing the investment on behalf of the Fengate Infrastructure Yield Fund and its affiliated entities, including an investment by LiUNA’s Pension Fund of Central and Eastern Canada.

    Located in the heart of Lambton County, Lambton College is a globally recognized leader in education, innovation, and applied research. As the sole post-secondary institution in the region, the College plays a vital role in the community, driving economic development and diversification, propelling social and environmental innovation, and providing quality education to domestic and international students to ensure a thriving skilled workforce.

    “Fengate looks forward to bringing its deep institutional project experience to this new campus residence to provide modern, sustainable accommodation opportunities to Lambton College students in 2027,” said Mac Bell, Managing Director, Infrastructure Investments at Fengate.

    Fengate delivered and is operating the Emily Carr University of Art + Design in British Columbia (B.C.) – the only specialized post-secondary institution in B.C. In 2023, the firm also completed a public-private partnership bundle of six schools in Prince George’s County, Maryland, to provide state-of-the-art schools and 8,000 new desks for K-8 and middle school students.

    “Tilbury is proud to partner with Lambton College on this exciting new student residence,” said Michael Kaye, Founding Partner at Tilbury. “This thoughtfully designed project will modernize the College’s on-campus housing and support the academic and personal success of students for decades to come.”

    Specializing in purpose-built student accommodation, Tilbury takes a collaborative, hands-on approach with its post-secondary partners. The company prides itself on tailoring each project to meet the unique needs of academic institutions, creating exceptional living and learning environments. In September 2025, Tilbury will open a 452-bed residence and dining hall at the University of Windsor, further demonstrating its leadership in on-campus housing development.

    The new campus residence at Lambton College will incorporate energy-efficient systems and sustainable building materials to minimize environmental footprint and will include landscaped green spaces to enhance the campus environment.

    Construction is scheduled to start later this month.

    About Fengate

    Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $10 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 50 assets. Learn more at www.fengate.com.

    About Tilbury

    Tilbury Properties is a Canadian real estate development firm focused on purpose-built student housing. Founded in 2020, the company has over 1,000 student beds in various stages of development, making it one of the leading developers in Canada’s student housing sector. Learn more at www.tilburyprop.com.

    Media Contact

    Maddison Sharples
    Vice President, Communications and Marketing
    Fengate Asset Management
    +1 416-254-3326
    Maddison.Sharples@fengate.com

    The MIL Network –

  • MIL-OSI: OnTerra Systems Announces New Consulting & Software Development Services Offerings

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 17, 2025 (GLOBE NEWSWIRE) — OnTerra Systems (www.OnTerraSystems.com), a web mapping technologies provider and reseller, today announced new consulting & software development services offerings for Bing Maps, Azure Maps, and HERE Maps.

    OnTerra Systems will offer a wide range of affordable, efficient development services and consulting, including:

    • Architectural / Software & Application Design Services
    • Project Management Using “Agile” Methodologies
    • Bing Maps, Azure Maps, and HERE Maps Technology & Features Design
    • Mapping and Geospatial Development & Implementation
    • Mapping and Geospatial Migration Planning & Development
    • Proof-of-Concept (POC) Development
    • Rapid Project Startup / Project Jumpstart Services

    The availability of these consulting & software development services from OnTerra Systems is particularly timely. Free accounts for Bing Maps for Enterprise will be discontinued by Microsoft in June of 2025. Those organizations using the free version of Bing Maps for Enterprise will first need guidance on the best alternatives – as well as actual deployment of the migration. As a long-time Microsoft reseller and software solutions provider, OnTerra Systems is uniquely qualified to provide consulting and services for migration away from the free version of Bing Maps for Enterprise.

    In addition, Bing Maps for Enterprise will be completely retired as of June 2028. At that time, users of Bing Maps for Enterprise must migrate off that platform and to a new one, or solutions they’ve developed using Bing Maps for Enterprise will no longer work. OnTerra Systems is available to help organizations plan for the migration off Bing Maps for Enterprise and can provide recommendations for solutions that can immediately save businesses & non-profits money. For any business or non-profit that would like to lower their costs of using a mapping platform for enterprise solutions or products they’ve developed, it is worth considering a transition to a new platform sooner than June of 2028.

    Three Affordable Pricing Options For OnTerra Systems’ Consulting & Software Development Services Related To Bing Maps For Enterprise, Azure Maps & HERE Maps

    OnTerra Systems offers 3 options for obtaining Bing Maps for Enterprise migration consulting and/or software solution development services:

    Option 1: Straight Hourly Services
    OnTerra Systems can provide Bing Maps for Enterprise migration consulting services – as well as other consulting and software solution development services on a straight hourly basis. To begin the process, OnTerra Systems works with customers to determine the scope of the project and then provides an estimate.

    Option 2: OnTerra Systems “Jumpstart” Package
    OnTerra Systems offers a “Jumpstart” Package that includes up to 5 hours of project management and solution architecture design, and up to 40 hours of solution development time.

    Option 3: Bing Maps for Enterprise Migration Consulting Package
    This option includes project assessment and development of a project plan and budget to accomplish an organization’s Bing Maps for Enterprise migration goals. From the initial assessment, OnTerra Systems develops a project plan, a budget, and a timeline. This work typically ranges between 10-30 hours.

    “As long-time web mapping and geospatial services experts and long-time Microsoft resellers, OnTerra Systems is uniquely qualified to provide software services and consulting related to general web mapping, geospatial solutions, route optimization solutions, and Bing Maps for Enterprise migration strategies before Microsoft retires Bing Maps for Enterprise,” said OnTerra Systems CEO Steve Milroy.

    About OnTerra Systems
    Founded in 2005, OnTerra Systems is a mapping software company that offers affordable access to traditionally expensive web mapping technologies. OnTerra Systems’ web mapping technology offerings include powerful, affordable RouteSavvy route planning software, basic and advanced route optimization APIs, aerial imagery with MapSavvy.com, and licensing of web map platforms and related consulting and systems integration. For more information, visit: www.OnTerraSystems.com

    MEDIA CONTACT:
    Courtney DeWinter, DeWinter Marketing & PR Agency – Denver, Colo.
    303.572.8180, www.DeWinterMarketingPR.com

    The MIL Network –

  • MIL-OSI: OnTerra Systems Announces New Consulting & Software Development Services Offerings

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 17, 2025 (GLOBE NEWSWIRE) — OnTerra Systems (www.OnTerraSystems.com), a web mapping technologies provider and reseller, today announced new consulting & software development services offerings for Bing Maps, Azure Maps, and HERE Maps.

    OnTerra Systems will offer a wide range of affordable, efficient development services and consulting, including:

    • Architectural / Software & Application Design Services
    • Project Management Using “Agile” Methodologies
    • Bing Maps, Azure Maps, and HERE Maps Technology & Features Design
    • Mapping and Geospatial Development & Implementation
    • Mapping and Geospatial Migration Planning & Development
    • Proof-of-Concept (POC) Development
    • Rapid Project Startup / Project Jumpstart Services

    The availability of these consulting & software development services from OnTerra Systems is particularly timely. Free accounts for Bing Maps for Enterprise will be discontinued by Microsoft in June of 2025. Those organizations using the free version of Bing Maps for Enterprise will first need guidance on the best alternatives – as well as actual deployment of the migration. As a long-time Microsoft reseller and software solutions provider, OnTerra Systems is uniquely qualified to provide consulting and services for migration away from the free version of Bing Maps for Enterprise.

    In addition, Bing Maps for Enterprise will be completely retired as of June 2028. At that time, users of Bing Maps for Enterprise must migrate off that platform and to a new one, or solutions they’ve developed using Bing Maps for Enterprise will no longer work. OnTerra Systems is available to help organizations plan for the migration off Bing Maps for Enterprise and can provide recommendations for solutions that can immediately save businesses & non-profits money. For any business or non-profit that would like to lower their costs of using a mapping platform for enterprise solutions or products they’ve developed, it is worth considering a transition to a new platform sooner than June of 2028.

    Three Affordable Pricing Options For OnTerra Systems’ Consulting & Software Development Services Related To Bing Maps For Enterprise, Azure Maps & HERE Maps

    OnTerra Systems offers 3 options for obtaining Bing Maps for Enterprise migration consulting and/or software solution development services:

    Option 1: Straight Hourly Services
    OnTerra Systems can provide Bing Maps for Enterprise migration consulting services – as well as other consulting and software solution development services on a straight hourly basis. To begin the process, OnTerra Systems works with customers to determine the scope of the project and then provides an estimate.

    Option 2: OnTerra Systems “Jumpstart” Package
    OnTerra Systems offers a “Jumpstart” Package that includes up to 5 hours of project management and solution architecture design, and up to 40 hours of solution development time.

    Option 3: Bing Maps for Enterprise Migration Consulting Package
    This option includes project assessment and development of a project plan and budget to accomplish an organization’s Bing Maps for Enterprise migration goals. From the initial assessment, OnTerra Systems develops a project plan, a budget, and a timeline. This work typically ranges between 10-30 hours.

    “As long-time web mapping and geospatial services experts and long-time Microsoft resellers, OnTerra Systems is uniquely qualified to provide software services and consulting related to general web mapping, geospatial solutions, route optimization solutions, and Bing Maps for Enterprise migration strategies before Microsoft retires Bing Maps for Enterprise,” said OnTerra Systems CEO Steve Milroy.

    About OnTerra Systems
    Founded in 2005, OnTerra Systems is a mapping software company that offers affordable access to traditionally expensive web mapping technologies. OnTerra Systems’ web mapping technology offerings include powerful, affordable RouteSavvy route planning software, basic and advanced route optimization APIs, aerial imagery with MapSavvy.com, and licensing of web map platforms and related consulting and systems integration. For more information, visit: www.OnTerraSystems.com

    MEDIA CONTACT:
    Courtney DeWinter, DeWinter Marketing & PR Agency – Denver, Colo.
    303.572.8180, www.DeWinterMarketingPR.com

    The MIL Network –

  • MIL-OSI: OnTerra Systems Announces New Consulting & Software Development Services Offerings

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 17, 2025 (GLOBE NEWSWIRE) — OnTerra Systems (www.OnTerraSystems.com), a web mapping technologies provider and reseller, today announced new consulting & software development services offerings for Bing Maps, Azure Maps, and HERE Maps.

    OnTerra Systems will offer a wide range of affordable, efficient development services and consulting, including:

    • Architectural / Software & Application Design Services
    • Project Management Using “Agile” Methodologies
    • Bing Maps, Azure Maps, and HERE Maps Technology & Features Design
    • Mapping and Geospatial Development & Implementation
    • Mapping and Geospatial Migration Planning & Development
    • Proof-of-Concept (POC) Development
    • Rapid Project Startup / Project Jumpstart Services

    The availability of these consulting & software development services from OnTerra Systems is particularly timely. Free accounts for Bing Maps for Enterprise will be discontinued by Microsoft in June of 2025. Those organizations using the free version of Bing Maps for Enterprise will first need guidance on the best alternatives – as well as actual deployment of the migration. As a long-time Microsoft reseller and software solutions provider, OnTerra Systems is uniquely qualified to provide consulting and services for migration away from the free version of Bing Maps for Enterprise.

    In addition, Bing Maps for Enterprise will be completely retired as of June 2028. At that time, users of Bing Maps for Enterprise must migrate off that platform and to a new one, or solutions they’ve developed using Bing Maps for Enterprise will no longer work. OnTerra Systems is available to help organizations plan for the migration off Bing Maps for Enterprise and can provide recommendations for solutions that can immediately save businesses & non-profits money. For any business or non-profit that would like to lower their costs of using a mapping platform for enterprise solutions or products they’ve developed, it is worth considering a transition to a new platform sooner than June of 2028.

    Three Affordable Pricing Options For OnTerra Systems’ Consulting & Software Development Services Related To Bing Maps For Enterprise, Azure Maps & HERE Maps

    OnTerra Systems offers 3 options for obtaining Bing Maps for Enterprise migration consulting and/or software solution development services:

    Option 1: Straight Hourly Services
    OnTerra Systems can provide Bing Maps for Enterprise migration consulting services – as well as other consulting and software solution development services on a straight hourly basis. To begin the process, OnTerra Systems works with customers to determine the scope of the project and then provides an estimate.

    Option 2: OnTerra Systems “Jumpstart” Package
    OnTerra Systems offers a “Jumpstart” Package that includes up to 5 hours of project management and solution architecture design, and up to 40 hours of solution development time.

    Option 3: Bing Maps for Enterprise Migration Consulting Package
    This option includes project assessment and development of a project plan and budget to accomplish an organization’s Bing Maps for Enterprise migration goals. From the initial assessment, OnTerra Systems develops a project plan, a budget, and a timeline. This work typically ranges between 10-30 hours.

    “As long-time web mapping and geospatial services experts and long-time Microsoft resellers, OnTerra Systems is uniquely qualified to provide software services and consulting related to general web mapping, geospatial solutions, route optimization solutions, and Bing Maps for Enterprise migration strategies before Microsoft retires Bing Maps for Enterprise,” said OnTerra Systems CEO Steve Milroy.

    About OnTerra Systems
    Founded in 2005, OnTerra Systems is a mapping software company that offers affordable access to traditionally expensive web mapping technologies. OnTerra Systems’ web mapping technology offerings include powerful, affordable RouteSavvy route planning software, basic and advanced route optimization APIs, aerial imagery with MapSavvy.com, and licensing of web map platforms and related consulting and systems integration. For more information, visit: www.OnTerraSystems.com

    MEDIA CONTACT:
    Courtney DeWinter, DeWinter Marketing & PR Agency – Denver, Colo.
    303.572.8180, www.DeWinterMarketingPR.com

    The MIL Network –

  • MIL-OSI: OnTerra Systems Announces New Consulting & Software Development Services Offerings

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 17, 2025 (GLOBE NEWSWIRE) — OnTerra Systems (www.OnTerraSystems.com), a web mapping technologies provider and reseller, today announced new consulting & software development services offerings for Bing Maps, Azure Maps, and HERE Maps.

    OnTerra Systems will offer a wide range of affordable, efficient development services and consulting, including:

    • Architectural / Software & Application Design Services
    • Project Management Using “Agile” Methodologies
    • Bing Maps, Azure Maps, and HERE Maps Technology & Features Design
    • Mapping and Geospatial Development & Implementation
    • Mapping and Geospatial Migration Planning & Development
    • Proof-of-Concept (POC) Development
    • Rapid Project Startup / Project Jumpstart Services

    The availability of these consulting & software development services from OnTerra Systems is particularly timely. Free accounts for Bing Maps for Enterprise will be discontinued by Microsoft in June of 2025. Those organizations using the free version of Bing Maps for Enterprise will first need guidance on the best alternatives – as well as actual deployment of the migration. As a long-time Microsoft reseller and software solutions provider, OnTerra Systems is uniquely qualified to provide consulting and services for migration away from the free version of Bing Maps for Enterprise.

    In addition, Bing Maps for Enterprise will be completely retired as of June 2028. At that time, users of Bing Maps for Enterprise must migrate off that platform and to a new one, or solutions they’ve developed using Bing Maps for Enterprise will no longer work. OnTerra Systems is available to help organizations plan for the migration off Bing Maps for Enterprise and can provide recommendations for solutions that can immediately save businesses & non-profits money. For any business or non-profit that would like to lower their costs of using a mapping platform for enterprise solutions or products they’ve developed, it is worth considering a transition to a new platform sooner than June of 2028.

    Three Affordable Pricing Options For OnTerra Systems’ Consulting & Software Development Services Related To Bing Maps For Enterprise, Azure Maps & HERE Maps

    OnTerra Systems offers 3 options for obtaining Bing Maps for Enterprise migration consulting and/or software solution development services:

    Option 1: Straight Hourly Services
    OnTerra Systems can provide Bing Maps for Enterprise migration consulting services – as well as other consulting and software solution development services on a straight hourly basis. To begin the process, OnTerra Systems works with customers to determine the scope of the project and then provides an estimate.

    Option 2: OnTerra Systems “Jumpstart” Package
    OnTerra Systems offers a “Jumpstart” Package that includes up to 5 hours of project management and solution architecture design, and up to 40 hours of solution development time.

    Option 3: Bing Maps for Enterprise Migration Consulting Package
    This option includes project assessment and development of a project plan and budget to accomplish an organization’s Bing Maps for Enterprise migration goals. From the initial assessment, OnTerra Systems develops a project plan, a budget, and a timeline. This work typically ranges between 10-30 hours.

    “As long-time web mapping and geospatial services experts and long-time Microsoft resellers, OnTerra Systems is uniquely qualified to provide software services and consulting related to general web mapping, geospatial solutions, route optimization solutions, and Bing Maps for Enterprise migration strategies before Microsoft retires Bing Maps for Enterprise,” said OnTerra Systems CEO Steve Milroy.

    About OnTerra Systems
    Founded in 2005, OnTerra Systems is a mapping software company that offers affordable access to traditionally expensive web mapping technologies. OnTerra Systems’ web mapping technology offerings include powerful, affordable RouteSavvy route planning software, basic and advanced route optimization APIs, aerial imagery with MapSavvy.com, and licensing of web map platforms and related consulting and systems integration. For more information, visit: www.OnTerraSystems.com

    MEDIA CONTACT:
    Courtney DeWinter, DeWinter Marketing & PR Agency – Denver, Colo.
    303.572.8180, www.DeWinterMarketingPR.com

    The MIL Network –

  • MIL-OSI: Intermex and the New York Red Bulls Join Forces to Bring Financial Services to Northeastern Communities Through the Shared Passion for Soccer

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 17, 2025 (GLOBE NEWSWIRE) — International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading money remittance provider to Latin America and the Caribbean, today announced a new official partnership with the New York Red Bulls, one of Major League Soccer’s most dynamic and community-focused clubs. This collaboration brings together two organizations committed to serving and celebrating the diverse cultural richness of the Latino community, using soccer as a powerful platform for connection.

    With over 85 million soccer fans across the United States and Latinos representing nearly 70% of MLS viewership, this partnership with the New York Red Bulls strengthens Intermex’s commitment to remain close to its customers in the northeast region — not only through financial services, but by supporting the sport that represents identity, family, and tradition for millions of Latino households.

    “Intermex was built by Latinos for Latinos. Partnering with the New York Red Bulls allows us to engage directly with the vibrant northeast latin communities we proudly serve, in one of the most culturally diverse regions in the world,” said Marcelo Theodoro, Chief Product, Marketing & Digital Officer at Intermex. “NY Red Bulls represents the cutting edge of the sport, This partnership demonstrates Intermex’s ambition to expand, grow, and redefine what it means to move money and provide financial services with meaning in the digital age.”

    “The Red Bulls and Sports Illustrated Stadium are proud to welcome Intermex to our club and venue,” said Scott Epstein, Head of Corporate Partnerships, New York Red Bulls. “As valued partners, we both pride ourselves on the exceptional customer and fan experience we strive to deliver.”

    Through this partnership, Intermex and the New York Red Bulls will collaborate on in-stadium activations, community outreach events, and cultural initiatives that spotlight the passion, pride, and identity that soccer brings to Latino families across the Tri-State area.

    About Intermex
    Founded in 1994, Intermex applies proprietary technology to enable consumers to send money from the United States, Canada, Spain, Italy, the United Kingdom, and Germany to more than 60 countries. The company facilitates digital money movement through its website and mobile app, as well as through a vast network of retail agents and company-operated stores. Headquartered in Miami, Florida, Intermex also operates international offices in Puebla, Mexico; Guatemala City, Guatemala; London, England; and Madrid, Spain. Learn more at www.intermexonline.com.

    About New York Red Bulls
    The New York Red Bulls are one of 29 teams in Major League Soccer (MLS). The club is owned by the global energy drink and media company Red Bull GmbH and plays its home matches at Red Bull Arena in Harrison, New Jersey. Since joining MLS as a founding member in 1996, the Red Bulls have won three Supporters’ Shields, earned multiple playoff appearances, and continue to serve as a leader in youth development through its Academy system. The club is deeply committed to connecting with the diverse communities of the New York and New Jersey metro area through soccer, community programs, and fan engagement. For more information, visit www.newyorkredbulls.com.

    Investor Relations Contact:
    Alex Sadowski
    Investor Relations Coordinator
    ir@intermexusa.com
    305-671-8000

    The MIL Network –

  • MIL-OSI: Richtech Robotics’ AI-Driven Robot ADAM Surpasses 16,000 Drinks Served at Flagship Las Vegas Location

    Source: GlobeNewswire (MIL-OSI)

    Company’s AI-powered robot, ADAM, continues to revolutionize beverage service and free its human counterparts to engage with customers

    LAS VEGAS, June 17, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-powered service robotics, announced today that its cutting-edge robot, ADAM, has officially served over 16,000 drinks at Clouffee & Tea in Town Square, Las Vegas.

    Opened on February 9, 2025, Clouffee & Tea is the Company’s flagship food and beverage concept, showcasing ADAM’s capabilities in a real-world retail setting. The café features a diverse menu of milk teas, coffees, and desserts—all prepared and served with precision and consistency by ADAM.

    Powered by advanced AI and driven by NVIDIA technology, ADAM is designed to engage customers, suggest beverages based on preferences, and execute complex recipes with both speed and accuracy. With two robotic arms operating in seamless coordination, ADAM can deliver a high-quality experience that’s both efficient and entertaining.

    At the core of ADAM’s high-performance service is its proprietary vision-AI system, which monitors each cup in real time and precisely adjusts pour angle, flow rate, and timing to ensure milliliter-level accuracy with every drink. This advanced, closed-loop “perception-to-action” control system not only enables ADAM to deliver premium beverages—it also represents the foundation for a much broader vision. Designed as a versatile robotic coworker, ADAM is built to scale far beyond beverage service, with potential applications across retail, laboratories, and other commercial environments.

    “Surpassing 16,000 drinks served is more than just a milestone—it’s a compelling validation of ADAM’s real-world performance and commercial viability,” said Matt Casella, President of Richtech Robotics. “ADAM combines precision engineering with adaptive AI to deliver a faster, smarter, and more engaging customer experience. This kind of scalable, revenue-generating automation not only transforms service models in food and beverage—it also underscores the broader value proposition for our partners and investors as we expand ADAM’s applications across multiple industries.”

    Richtech Robotics has deployed over 400 robotic solutions across a wide range of industries, including hospitality, retail, healthcare, manufacturing, and entertainment. Its clients include industry leaders such as the Texas Rangers’ Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming, and many more.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the precision, quality and consistency of the performance of the ADAM robot and the scalability and commercial viability of the ADAM robot.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the performance of ADAM and the success of Clouffee & Tea, Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on March 4, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media:
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

  • MIL-OSI: Richtech Robotics’ AI-Driven Robot ADAM Surpasses 16,000 Drinks Served at Flagship Las Vegas Location

    Source: GlobeNewswire (MIL-OSI)

    Company’s AI-powered robot, ADAM, continues to revolutionize beverage service and free its human counterparts to engage with customers

    LAS VEGAS, June 17, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-powered service robotics, announced today that its cutting-edge robot, ADAM, has officially served over 16,000 drinks at Clouffee & Tea in Town Square, Las Vegas.

    Opened on February 9, 2025, Clouffee & Tea is the Company’s flagship food and beverage concept, showcasing ADAM’s capabilities in a real-world retail setting. The café features a diverse menu of milk teas, coffees, and desserts—all prepared and served with precision and consistency by ADAM.

    Powered by advanced AI and driven by NVIDIA technology, ADAM is designed to engage customers, suggest beverages based on preferences, and execute complex recipes with both speed and accuracy. With two robotic arms operating in seamless coordination, ADAM can deliver a high-quality experience that’s both efficient and entertaining.

    At the core of ADAM’s high-performance service is its proprietary vision-AI system, which monitors each cup in real time and precisely adjusts pour angle, flow rate, and timing to ensure milliliter-level accuracy with every drink. This advanced, closed-loop “perception-to-action” control system not only enables ADAM to deliver premium beverages—it also represents the foundation for a much broader vision. Designed as a versatile robotic coworker, ADAM is built to scale far beyond beverage service, with potential applications across retail, laboratories, and other commercial environments.

    “Surpassing 16,000 drinks served is more than just a milestone—it’s a compelling validation of ADAM’s real-world performance and commercial viability,” said Matt Casella, President of Richtech Robotics. “ADAM combines precision engineering with adaptive AI to deliver a faster, smarter, and more engaging customer experience. This kind of scalable, revenue-generating automation not only transforms service models in food and beverage—it also underscores the broader value proposition for our partners and investors as we expand ADAM’s applications across multiple industries.”

    Richtech Robotics has deployed over 400 robotic solutions across a wide range of industries, including hospitality, retail, healthcare, manufacturing, and entertainment. Its clients include industry leaders such as the Texas Rangers’ Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming, and many more.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the precision, quality and consistency of the performance of the ADAM robot and the scalability and commercial viability of the ADAM robot.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the performance of ADAM and the success of Clouffee & Tea, Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on March 4, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media:
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

  • MIL-OSI: Milton “Todd” Ault III Intends to Step Down as an Officer from Hyperscale Data Upon Divestiture of Ault Capital Group

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 17, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its Founder and Executive Chairman, Milton “Todd” Ault III, has informed the Company that he will resign as the Company’s Executive Chairman but remain as a director upon the effectiveness of the planned divestiture of Ault Capital Group, Inc. (“ACG”), a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.   Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”).

    Following the Divestiture, Mr. Ault, who is also the Executive Chairman of ACG, will focus almost exclusively on leading ACG and its growing portfolio of businesses, including private credit, an artificial intelligence (“AI”) software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations.

    Upon Mr. Ault’s departure, William Horne, Hyperscale Data’s Chief Executive Officer, is expected to continue as such and assume the position of Chairman of the Board. Mr. Horne, who has led the Company’s operational and strategic initiatives, will continue guiding Hyperscale Data’s transformation into an owner and operator of data centers to support high-performance computing (“HPC”) services, though it may for a time continue to mine Bitcoin.

    “This is a natural next step in Hyperscale Data’s evolution,” said Mr. Ault. “With Will at the helm, the Company is well-positioned to deliver on our vision of it becoming a leading pure-play AI data center platform. I’ll be turning virtually all my attention to ACG, where we see significant opportunities across our portfolio and new ventures. In my view, Hyperscale Data’s AI-centric data center represents tremendous untapped value for stockholders.”

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to complete the Divestiture of ACG on or about December 31, 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Milton “Todd” Ault III Intends to Step Down as an Officer from Hyperscale Data Upon Divestiture of Ault Capital Group

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 17, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its Founder and Executive Chairman, Milton “Todd” Ault III, has informed the Company that he will resign as the Company’s Executive Chairman but remain as a director upon the effectiveness of the planned divestiture of Ault Capital Group, Inc. (“ACG”), a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.   Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”).

    Following the Divestiture, Mr. Ault, who is also the Executive Chairman of ACG, will focus almost exclusively on leading ACG and its growing portfolio of businesses, including private credit, an artificial intelligence (“AI”) software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations.

    Upon Mr. Ault’s departure, William Horne, Hyperscale Data’s Chief Executive Officer, is expected to continue as such and assume the position of Chairman of the Board. Mr. Horne, who has led the Company’s operational and strategic initiatives, will continue guiding Hyperscale Data’s transformation into an owner and operator of data centers to support high-performance computing (“HPC”) services, though it may for a time continue to mine Bitcoin.

    “This is a natural next step in Hyperscale Data’s evolution,” said Mr. Ault. “With Will at the helm, the Company is well-positioned to deliver on our vision of it becoming a leading pure-play AI data center platform. I’ll be turning virtually all my attention to ACG, where we see significant opportunities across our portfolio and new ventures. In my view, Hyperscale Data’s AI-centric data center represents tremendous untapped value for stockholders.”

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to complete the Divestiture of ACG on or about December 31, 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: XWELL Named Official Wellness Spa of the Orlando Magic

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) — XWELL, Inc. (Nasdaq: XWEL) (“XWELL” or the “Company”), a leading provider of wellness solutions for people on the go, today announced it has been named the Official Wellness Spa of the Orlando Magic as part of a new multiyear partnership. The partnership reflects a significant milestone in XWELL’s strategic expansion beyond airports and into high-growth local markets – beginning with Florida.

    “This partnership with the Orlando Magic represents a powerful opportunity to introduce our wellness offerings to a broader community,” said XWELL CEO Ezra Ernst. “Florida is a priority growth market for us, and we’re proud to partner with an organization that shares our dedication to physical and mental well-being. Together, we’ll help make wellness more accessible and top-of-mind for fans throughout the region.” 

    Building on its strong foundation in Orlando —where XWELL has long served wellness-minded travelers at its Xpres Spa in Orlando International Airport—this new collaboration allows XWELL to extend its reach into the broader community. It underscores the company’s expanding mission to liberate wellness beyond travel hubs and into daily life.

    Through this partnership, XWELL will receive significant brand integration across the Magic’s digital and in-arena platforms, including LED signage during home games, sponsored sweepstakes, radio promotions, website and app placement, and exclusive activations at Magic Fan Fest events outside the Kia Center. The agreement also includes on-court contests, consumer giveaways, and a co-branded wellness event at a local XWELL spa location featuring appearances by Magic alumni, the Magic entertainment teams, and fan-favorite mascot STUFF.

    “The Orlando Magic are thrilled to partner with XWELL, a brand continuing to grow in Central Florida,” said Magic Sr. Vice President of Global Partnerships J.T. McWalters. “As two organizations that place an emphasis on legendary customer service, this partnership is a natural fit. We can’t wait to share with our fans all that XWELL has to offer the Central Florida community.”

    The partnership plays a key role in supporting XWELL’s business goals in Florida, where the company is focused on expanding its medspa footprint as well as building brand awareness and lasting connections with local consumers. Through high-visibility brand activations and community engagement, XWELL aims to strengthen customer acquisition and solidify its role as a leading wellness provider in the state – inside and outside the airport.

    For Magic fans and the broader Orlando community, XWELL’s presence at Kia Center and in the local area reflects the shared commitment of both brands to the health and well-being of its fans, players, and staff. With a growing number of wellness spas and services available to Magic fans across Florida, XWELL is poised to help bring the same mindset of care, recovery, and resilience off the court and into everyday life.

    XWELL and the Orlando Magic will launch their first co-branded campaign and sweepstakes this season, offering fans exclusive discounts, chances to win a year of spa treatments, and additional unique opportunities to come.

    To learn more about XWELL’s services and locations, visit www.XWELL.com.

    About XWELL, Inc.
    XWELL, Inc. (Nasdaq: XWEL) is a global wellness holding company that operates a portfolio of brands dedicated to health, beauty, and self-care, including Xpres Spa®, Naples Wax Center®, XpresCheck®, and HyperPointe™. With locations in airports and metropolitan areas across the country, XWELL is redefining the modern wellness experience through innovation, personalization, and accessibility.

    About the Orlando Magic
    Orlando’s NBA franchise since 1989, the Magic’s mission is to be world champions on and off the court, delivering legendary moments every step of the way. Under the DeVos family’s ownership, the Magic have seen great success in a relatively short history, winning eight division championships (1995, 1996, 2008, 2009, 2010, 2019, 2024, 2025) with seven 50-plus win seasons and capturing the Eastern Conference title in 1995 and 2009. Off the court, on an annual basis, the Orlando Magic gives more than $2 million to the local community by way of sponsorships of events, donated tickets, autographed merchandise and grants. Orlando Magic community relations programs impact an estimated 100,000 kids each year, while a Magic staff-wide initiative provides more than 7,000 volunteer hours annually. In addition, the Orlando Magic Youth Foundation (OMYF) which serves at-risk youth, has distributed more than $30 million to local nonprofit community organizations over the last 35 years. The Magic’s other entities include the team’s NBA G League affiliate, the Osceola Magic, 2021 G League champions, and the Orlando Solar Bears of the ECHL, which serves as the affiliate to the NHL’s Tampa Bay Lightning. The Magic play their home games at the award-winning Kia Center – voted by fans no. 1 in the NBA for game experience; honored with TheStadiumBusiness Awards’ Customer Experience Award; named SportsBusiness Journal’s Sports Facility of the Year; and awarded the Venue Excellence Award (VEA) by the International Association of Venue Managers. The Magic practice at the award-winning AdventHealth Training Center. The Magic was also recognized by the Sports Business Journal as one of the “Best Places to Work” in sports in 2023 and 2024. For ticket information, visit OrlandoMagic.com or call 407-89-MAGIC.

    Forward-Looking Statements
    This press release may contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” or the negative of such terms, or other comparable terminology. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: the anticipated use of proceeds from the private placement. Forward-looking statements relating to expectations about future results or events are based upon information available to XWELL as of the date of this press release, and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. Additional information concerning these and other risks is contained in the Company’s Annual Report on Form 10-K, as amended, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and other Securities and Exchange Commission filings. All subsequent written and oral forward-looking statements concerning XWELL, or other matters and attributable to XWELL or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. XWELL does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/314d6ece-0fb7-460a-8413-bd3ffe40667d

    The MIL Network –

  • MIL-OSI: Coralogix Surpasses $1B Valuation and Unveils Industry’s First AI Agent That Extends Observability Value Across the Enterprise

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, June 17, 2025 (GLOBE NEWSWIRE) — As part of its $115M funding round announced today, Coralogix, a leading full-stack observability platform provider, today introduced “Olly,” an AI agent designed to extend the value of observability across the enterprise. Olly enables anyone, from product managers to business leaders, to interact with observability data and get real-time, actionable answers.

    With its newest round of funding, the company surpasses a $1 billion valuation, driven by strong customer growth and increasing demand for scalable observability. The funding is fueling the global rollout and commercialization of Olly and will play a pivotal role in shaping the future of observability innovation.

    Observability is at a turning point. Traditionally used by engineers to troubleshoot systems, it’s now poised to become a strategic asset for the entire enterprise. Olly redefines what observability can be in the AI era, going beyond logs, metrics, and traces to deliver contextual answers, automate root cause analysis, and proactively surface opportunities and risks. By fusing advanced AI with deep telemetry data, Olly transforms observability from a reactive tool into an intelligent, always-on assistant that empowers teams across functions to drive faster, smarter decisions.

    Coralogix’s streaming architecture, which processes data in real time as it’s transmitted, enables the platform to deliver observability at scale, speed, and efficiency that legacy alternatives can’t match. This foundation, combined with Coralogix’s acquisition of AI observability and guardrails innovator Aporia, has established the company’s platform as the first to observe AI as a distinct stack. As enterprises rapidly deploy AI projects, Coralogix’s AI Center evaluates GenAI models and ensures they perform reliably, delivering accurate results while minimizing risks.

    Olly is an agentic AI system designed not just to surface alerts from all of the telemetry data that Coralogix observes, but to answer questions and guide action. Users can ask questions ranging from precise prompts like “What is wrong with the payment flow?” or “Why do some users struggle with logging in?” to more holistic questions like “Which service is frustrating our users the most?” Though easy to phrase, these prompts give users access to deep system-level understanding without requiring manual investigation or specialized knowledge.

    Olly’s key benefits include:

    • Efficient Telemetry Search and Reduced Mean Time to Repair (MTTR): Replacing the multi-step process of telemetry filtering and browsing, Olly offers a streamlined, prompt-driven interface to quickly identify the “why” behind system failures and all other actions taken in a company’s application or system.
    • Instant Root Cause Identification: By consolidating and interpreting logs, metrics, and traces, Olly saves engineers valuable time and eliminates the need for manual analysis.
    • Guided Recommendations: Rather than attempting to solve each problem directly, Olly focuses on fast, accurate error detection and diagnostics. It offers guidance and suggested fixes for common issues, giving teams the confidence to address problems while retaining full control over the resolution process.

    “Olly is more than just an observability tool; it’s an intelligent assistant that empowers employees to gain full access to all their data and make better decisions,” said Ariel Assaraf, CEO, Coralogix.

    “AI is not just part of the future; we believe it’s the foundation of it,” said Yoni Farin, co-founder and CTO of Coralogix. “That’s why we’ve made a bold, foundational change to embed AI into the core of our platform.”

    General availability is slated for early Q3 2025. To learn more, visit Olly.new or www.coralogix.com.

    About Coralogix
    Coralogix is a full-stack observability platform that enables businesses to monitor and manage data in real time, providing instant insights without the need for indexing. The platform supports Log Analytics, application performance monitoring (APM), security information and event management (SIEM), real user monitoring (RUM), and infrastructure monitoring, offering complete visibility into AI performance, security, and governance in a single solution. Coralogix offers a simple pricing model based on data volume, along with world-class support that ensures rapid response times and swift resolutions. To learn more, visit www.coralogix.com.

    PR Contact
    Mark Prindle
    Fusion PR
    mark.prindle@fusionpr.com

    The MIL Network –

  • MIL-OSI: Coralogix Raises $115M E Round at $1B+ Valuation to Advance AI-Powered Observability

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, June 17, 2025 (GLOBE NEWSWIRE) — Coralogix, a leading full-stack observability platform provider, today announced a $115 million Series E funding round. The round was led by NewView Capital, a California-based venture growth firm, with participation of the Canada Pension Plan Investment Board (CPPIB) and NextEquity, the venture firm founded by former Apple executives Avie Tevanian and Fred Anderson. The round brings Coralogix’s valuation to over $1 billion.

    All existing investors — including Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, O.G. Tech, Joule Capital Partners, and Maor Investments — also returned to support Coralogix’s continued growth and leadership in AI observability.

    Coralogix today announced its new AI agent Olly, the centerpiece of the company’s initiative to extend the value of observability across the enterprise. While traditional observability tools have helped DevOps teams diagnose and troubleshoot system behavior, Olly takes a fundamentally different, agentic approach – actively guiding users through questions, surfacing insights, and recommending next steps. By allowing both technical and non-technical users to access Observability insights, Olly transforms observability into an intelligent system that drives better, faster decisions across the business.

    The announcements follow the company’s December 2024 acquisition of Aporia, an AI observability and guardrails innovator; and the recent launch of Coralogix AI Center, the first AI observability platform that provides insights not only into performance, but also the quality, security and governance of its responses.

    “This funding round accelerates our momentum and helps us push the boundaries of AI-driven observability, enabling smarter decisions and faster innovation across the business,” said Ariel Assaraf, CEO and Co-founder of Coralogix.

    “As we expand our full-stack Observability & Security platform, this round will help us in accelerating the building of the Coralogix AI research center where engineers are already working on how data will be accessed and analyzed in the future,” said Yoni Farin, CTO and Co-founder of Coralogix.

    About Coralogix
    Coralogix is a full-stack observability platform that enables businesses to monitor and manage data in real time, providing instant insights without the need for indexing. The platform supports Log Analytics, application performance monitoring (APM), security information and event management (SIEM), real user monitoring (RUM), and infrastructure monitoring, offering complete visibility into AI performance, security, and governance in a single solution. Coralogix offers a simple pricing model based on data volume, along with world-class support that ensures rapid response times and swift resolutions. To learn more, visit www.coralogix.com.

    PR Contact
    Mark Prindle
    Fusion PR
    mark.prindle@fusionpr.com

    The MIL Network –

  • MIL-OSI: Tellus Power Globe Holding Limited, BinHendi Holding and Sing Family Enterprise Group Sign Joint Venture Agreement to Launch One of the First EV Charger Manufacturing Companies in Middle East with Support of UAE Ministry of Investment

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., June 17, 2025 (GLOBE NEWSWIRE) — Tellus Power Globe Holding Limited (“Tellus Power” or the “Company”), a global provider of electric vehicle (EV) charging solutions, today announced the official signing of a joint venture agreement with the renowned BinHendi Holding and SFE Group on May 30, 2025. This move responds to the surging growth of the electric vehicle (EV) market and the urgent need to accelerate e-mobility infrastructure development across the Middle East. This collaboration, supported by the UAE Ministry of Investment (the “Ministry of Investment”), marks the establishment of one of the first EV charging equipment manufacturing companies in the Middle East.

    The Ministry of Investment played a pivotal role in facilitating this greenfield investment, reiterating its commitment to attracting future-enabling investment into the UAE while also supporting and promoting the growth of family businesses in the UAE’s markets and strengthening the country’s position as a regional hub for advanced manufacturing and sustainable technologies – two priority sectors under the National Investment Strategy of UAE.

    The agreement was signed at the Ministry of Investment’s headquarters by Mike Calise, Chief Executive Officer of Tellus Power, and Marius Ciavola, Chief Executive officer of Sing Family Enterprise Middle East. The event was witnessed by Hessa Al Ghurair, Acting Assistant Undersecretary of the Ministry of Investment, Hamdan Zakaria Doleh, Chairman of China Innovation Centre in UAE, Yansong Li, Co-Founder of Tellus Power Group, and Mohammad BinHendi, Group CEO of BinHendi Holding.

    This collaboration aims to leverage Tellus Power’s global network in EV charging station technology and manufacturing, combined with the BinHendi Holding and SFE Group’s resources and conducive market conditions in the Middle East, to jointly develop future-oriented smart charging infrastructure and support the region’s sustainable energy transition.

    The joint venture is expected to invest in the construction of DC and AC charging equipment production lines, including high-power DC charging stations with V2G (vehicle-to-grid) functionality. The products are anticipated to not only serve the local market in UAE but also to expand to the entire Gulf Cooperation Council (“GCC”) countries and Middle East regions. As one of the first indigenous EV charging infrastructure manufacturers in the Middle East, the joint venture will be committed to providing local users with efficient, intelligent, reliable, and user-centric EV charging solutions.

    Mike Calise, Chief Executive Officer of Tellus Power, comments: “We’re truly honored to establish this strategic alliance. It’s a significant step that dramatically extends our global reach. Given the UAE’s impressive growth in clean tech and smart mobility, this joint venture, thanks to the vital support from all the incredible teams involved, ensures we are well positioned to meet the escalating demand across the GCC.”

    H.E. Mohammad Abdulrahman Alhawi, Undersecretary at the Ministry of Investment, said: “This agreement showcases the Ministry of Investment’s ongoing dedication to being a strategic partner for international investors, local investors, and family offices. It directly aligns with our mission to strengthen the UAE’s position in attracting future-focused investments that match our national priorities. By supporting partnerships like this, the Ministry of Investment continues to drive high-value investment into high-growth sectors, fostering innovation and sustainable economic prosperity.”

    Hamdan Zakaria Doleh, Chairman of China Innovation Centre in UAE, commented: “The Middle East is at a critical juncture in the green mobility transition. I believe this collaboration with MBH will enable Tellus Power Group to establish a stronger foothold in the Middle East and support the rapid growth of the EV ecosystem through technological innovation and localized operations. This marks a significant milestone in Tellus Power Group’s strategic expansion in the Middle East.”

    Mohammad BinHendi, Group CEO of BinHendi Holding, added: “For us, this is about building national capability – “Made in UAE” isn’t just a label, it’s a direction. We’re actively positioning the UAE as the regional manufacturing hub for next-generation EV infrastructure. Our vision extends beyond mobility, as we continue driving industrial manufacturing across multiple high-impact sectors. As a group committed to ‘Adding Value’, BinHendi Holding believes in adding value to everything we touch. How? We keep things consistent in what we do – and we keep it simple.”

    The joint venture plans to complete factory construction within the year and launch its first ‘Made in UAE’ products by the end of 2025.

    About Tellus Power

    Tellus Power Globe Holding Limited (“Tellus Power” or the “Company”) is a global manufacturer of electric vehicle chargers. The Company delivers ROI-driven charging infrastructure designed for long-term profitability and operational efficiency. Leveraging global expertise, Tellus Power delivers advanced and dependable EV charging infrastructure to support the widespread adoption of electric vehicles.

    Find out more at https://telluspowernorthamerica.com.

    Company Contact
    Caitlin McCann
    cmccann@telluspowergroup.com

    Media Contact
    Jessica Starman, MBA
    hello@telluspowergroup.com

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/7e12b3c9-5896-41cb-9839-80c0ad390709

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2c0aff52-1111-4304-9744-6fb338a36571

    The MIL Network –