NewzIntel.com

Category: Business

  • MIL-OSI Asia-Pac: CEDB alerts public to deceptive content purported to be interviews with SCED

    Source: Hong Kong Government special administrative region

         The Commerce and Economic Development Bureau (CEDB) today (June 16) alerted members of the public to be on heightened vigilance against online deceptive advertisements purported to be interviews with the Secretary for Commerce and Economic Development, and urged them not to visit any suspicious transaction platforms via those websites or provide personal information. 
     
         The CEDB strongly clarified that the so-called interviews and remarks are all fictitious. The incident has been referred to the Police for follow-up investigation.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Johnson’s Jason Foster Recognized for New Technology Reporting Record

    Source: NASA

    Heading into a recent staff meeting for Johnson Space Center’s Business Development & Technology Integration Office, Jason Foster anticipated a typical agenda of team updates and discussion. He did not expect an announcement that he had been named a 2025 Rookie of the Year – Honorable Mention through the Federal Laboratory Consortium’s annual awards program.
    Foster was one of only three technology transfer professionals across the federal government to be recognized in the Rookie of the Year category, which is open to early-career individuals with less than three years of experience. “It was definitely a surprise,” he said. “It was quite an honor, because it’s not only representing Johnson Space Center but also NASA.”

    Foster is a licensing specialist and New Technology Report (NTR) specialist within Johnson’s Technology Transfer Office in Houston. That team works to ensure that innovations developed for aeronautics and space exploration are made broadly available to the public, maximizing their benefit to the nation. Foster’s role involves both capturing new technologies developed at Johnson and marketing and licensing those technologies to companies that would like to use and further develop them.
    He describes much of his work as “technology hunting” – reaching out to branches, offices, and teams across Johnson to teach them about the Technology Transfer Office, NTRs, and the value of technology reporting for NASA and the public. “NTRs are the foundation that allows our office to do our job,” he said. “We need to know about a technology in order to transfer it.”

    Foster’s efforts to streamline and strengthen the reporting and patenting of Johnson’s innovations led to his recognition by the consortium. His proactive outreach and relationship-building improved customer service and contributed to 158 NTRs in fiscal year 2024 – the highest number of NTRs disclosed by federal employees at any NASA center. Foster also proposed a three-month NTR sprint, during which he led a team of seven in an intensive exercise to identify and report new technologies. This initiative not only cleared a backlog of leads for the office, but also resulted in more than 120 previously undisclosed NTRs. “We are still using that process now as we continue processing NTRs,” Foster said. On top of those achievements, he helped secure the highest recorded number of license agreements with commercial entities in the center’s history, with 41 licenses executed in fiscal year 2024.
    “I am very proud of my accomplishments, none of it would be possible without the open-mindedness and continuous support of my incredible team,” Foster said. “They have always provided a space to grow, and actively welcome innovation in our processes and workflows.”

    A self-described “space nerd,” Foster said he always envisioned working at NASA, but not until much later in his career – ideally as an astronaut. He initially planned to pursue an astrophysics degree but discovered a passion for engineering and fused that with his love of space by studying aerospace, aeronautical, and astronautical engineering instead. In his last semester of college at California Polytechnic State University of San Luis Obispo, he landed a Universities Space Research Association internship at Johnson, supporting flight software development for crew exercise systems on the International Space Station and future exploration missions. “I got really involved in the Johnson Space Center team and the work, and I thought, what if I joined NASA now?”
    He was hired as a licensing specialist on the Technology Transfer team under the JETS II Contract as an Amentum employee shortly after graduating and continually seeks new opportunities to expand his role and skillsets. “The more I can learn about anything NASA’s doing is incredible,” he said. “I found myself in this perfect position where literally my job is to learn everything there is to learn.”

    Foster celebrates three years with NASA this July. In his time at the agency, he has learned the value of getting to know and understand your colleagues’ needs in order to help them. Before he meets with someone, he takes time to learn about the organization or team they are a part of, the work they are involved in, and what they might discuss. It is also important to determine how each person prefers to communicate and collaborate. “Doing your homework pays dividends,” Foster said. He has found that being as prepared as possible opens doors to more opportunities, and it helps to save valuable time for busy team members.

    When he is not technology hunting, you might find Foster practicing the art of fire spinning. He picked up the hobby in college, joining a club that met at local beaches to practice spinning and capturing different geometric patterns through long exposure photos. “It was kind of a strange thing to get into, but it was really fun,” he said. His love of learning drives his interest in other activities as well. Gardening is a relatively new hobby inspired by a realization that he had never grown anything before.   
    “It’s a genuine joy, I think, coming across something with curiosity and wanting to learn from it,” he said. “I think it especially helps in my job, where your curiosity switch has to be on at least 90% of the time.”

    MIL OSI USA News –

  • MIL-OSI: Castellum Announces Closing of $5.0 Million Public Offering of Common Stock and Warrants

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., June 16, 2025 (GLOBE NEWSWIRE) — Castellum, Inc. (the “Company” and “Castellum”) (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, today announced the closing of its previously announced public offering of 4,166,667 Units at a public offering price of $1.20 per Unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock. The warrants are immediately exercisable at $1.22 per share and will expire 60 days from the date of issuance. The shares of common stock and warrants are immediately separable and were issued separately.

    Gross proceeds from the offering are approximately $5.0 million before deducting placement agent fees and offering expenses. Castellum intends to use the net proceeds of the offering for working capital and general corporate purposes.

    Maxim Group LLC acted as the sole placement agent on a reasonable best-efforts basis for the offering.

    A shelf registration statement on Form S-3 (File No. 333-284205) relating to the securities being offered was previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on January 24, 2025. The shares of common stock and shares underlying the warrants were offered only by means of a prospectus. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the public offering have been filed with the SEC. A final prospectus supplement and an accompanying prospectus relating to the offering has been with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the public offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.

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

    About Castellum, Inc. (NYSE-American: CTM):

    Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government – https://castellumus.com/.

    Forward-Looking Statements:

    This 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. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Words such as “will,” “would,” “believe,” and “expects,” and similar language or phrasing are indicative of forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget, operating under a prolonged continuing resolution, government shutdown, or breach of the debt ceiling, as well as the imposition by the U.S. government of sequestration in the absence of an approved budget; the ability of the U.S. federal government to unilaterally cancel a contract with or without cause, and more specifically, the potential impact of the U.S. DOGE Service Temporary Organization on government spending and terminating contracts for convenience. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in Item 1A. “Risk Factors” section of the Company’s recently filed Form 10-Q, Item 1A. “Risk Factors” in the Company’s most recent Form 10-K, and other filings with the Securities and Exchange Commission which can be viewed at www.sec.gov. These risks and uncertainties, or not closing the described potential equity financing in this press release, could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

    Contact:

    Glen Ives
    President and Chief Executive Officer
    Phone: (703) 752-6157
    info@castellumus.com
    https://castellumus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/216bfa30-3c99-4e23-a43d-7b58f9f7803b

    The MIL Network –

  • MIL-OSI: Castellum Announces Closing of $5.0 Million Public Offering of Common Stock and Warrants

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., June 16, 2025 (GLOBE NEWSWIRE) — Castellum, Inc. (the “Company” and “Castellum”) (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, today announced the closing of its previously announced public offering of 4,166,667 Units at a public offering price of $1.20 per Unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock. The warrants are immediately exercisable at $1.22 per share and will expire 60 days from the date of issuance. The shares of common stock and warrants are immediately separable and were issued separately.

    Gross proceeds from the offering are approximately $5.0 million before deducting placement agent fees and offering expenses. Castellum intends to use the net proceeds of the offering for working capital and general corporate purposes.

    Maxim Group LLC acted as the sole placement agent on a reasonable best-efforts basis for the offering.

    A shelf registration statement on Form S-3 (File No. 333-284205) relating to the securities being offered was previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on January 24, 2025. The shares of common stock and shares underlying the warrants were offered only by means of a prospectus. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the public offering have been filed with the SEC. A final prospectus supplement and an accompanying prospectus relating to the offering has been with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the public offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.

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

    About Castellum, Inc. (NYSE-American: CTM):

    Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government – https://castellumus.com/.

    Forward-Looking Statements:

    This 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. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Words such as “will,” “would,” “believe,” and “expects,” and similar language or phrasing are indicative of forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget, operating under a prolonged continuing resolution, government shutdown, or breach of the debt ceiling, as well as the imposition by the U.S. government of sequestration in the absence of an approved budget; the ability of the U.S. federal government to unilaterally cancel a contract with or without cause, and more specifically, the potential impact of the U.S. DOGE Service Temporary Organization on government spending and terminating contracts for convenience. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in Item 1A. “Risk Factors” section of the Company’s recently filed Form 10-Q, Item 1A. “Risk Factors” in the Company’s most recent Form 10-K, and other filings with the Securities and Exchange Commission which can be viewed at www.sec.gov. These risks and uncertainties, or not closing the described potential equity financing in this press release, could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

    Contact:

    Glen Ives
    President and Chief Executive Officer
    Phone: (703) 752-6157
    info@castellumus.com
    https://castellumus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/216bfa30-3c99-4e23-a43d-7b58f9f7803b

    The MIL Network –

  • MIL-OSI Economics: Thales’ FlytOptim selected by Corsair to cut CO₂ emissions and advance sustainable aviation

    Source: Thales Group

    Headline: Thales’ FlytOptim selected by Corsair to cut CO₂ emissions and advance sustainable aviation

    • Airline company Corsair has selected Thales’ flight optimization solution, FlytOptim, across all of its flights, which serve Africa, the West Indies, and the Indian Ocean (5000+ per year), to save thousands of tonnes of CO2 emissions per year.
    • Following trials, this solution has saved several hundred kilograms of fuel on each flight and helped avoid more than 300 tonnes of CO2 on Corsair flight routes to the West Indies and Africa.
    • With this solution, Thales, a key player in sustainable aviation, offers a systematic approach that can be quickly integrated by all airlines, seeking to reduce their environmental impact as of today.

    FlytOptim is an intuitive AI-powered solution that enables pilots to optimize their vertical flight trajectory using real-time weather and aircraft data, thus enabling them to reduce their fuel consumption by 2%.

    Harnessing AI to reduce emissions and advance sustainable aviation

    This innovation uses Thales’ trusted AI and advanced prediction algorithms of its Flight Management System (FMS), PureFlyt, to identify the optimal vertical flight path, based on real-time weather and aircraft data (such as mass and position). When an optimization is possible, the alternative vertical flight path is sent directly to the pilot in the cockpit using existing communication channels. Once approved by air traffic control (ATC), the pilot can update the flight plan accordingly.

    User-centric experience with no operational disruption

    Designed together with pilots, FlytOptim’s intuitive design and efficient user-experience has seen an unparalleled adoption rate: after only a few weeks trial at Corsair, 80% of the flights were using FlytOptim. FlytOptim can be deployed quickly and easily, with no need to modify the aircraft or the airline’s existing IT systems.

    A comprehensive range of more environmentally-friendly solutions

    This solution marks another step in Thales’ roadmap towards climate-efficient aviation, offering both CO2 and non-CO2 reduction tools for pilots, dispatchers, air traffic controllers and flow managers. FlytOptim will progressively integrate Thales’ other green operations innovations including its contrail avoidance solution and the dynamic management of Air Traffic Control constraints, thus supporting aviation industry customers in their journey towards more efficient operations.

    “The trial of FlytOptim was easy to implement, and its adoption by pilots went smoothly. The fuel savings achieved are clear and easily measurable. We are delighted to deploy this solution, which fully aligns with our environmental strategy and strengthens our commitment to a greener and more sustainable aviation. Corsair aims to be a leading player in decarbonisation, having completely renewed its fleet—which is one of the youngest in the world—and continues to work on various tools to reduce its environmental impact, such as FlytOptim.” Cyrille Digon, Director Flight Support and CSR, Corsair.

    “We are proud to announce our new customer for our FlytOptim solution. This milestone is fully aligned with Thales’ strategy to help transform the aerospace industry future through innovative technologies that support more sustainable and responsible aviation.” Yannick Assouad, Executive Vice-President, Avionics, Thales.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

    Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    MIL OSI Economics –

  • MIL-OSI Economics: Luis de Guindos: Interview with Reuters

    Source: European Central Bank

    Interview with Luis de Guindos, Vice-President of the ECB, conducted by Balázs Korányi and Francesco Cánepa on 12 June 2025

    16 June 2025

    President Lagarde said the ECB was in a good place now. Investors and ECB watchers took that to mean a pause in rate cuts is appropriate. Was that the correct interpretation?

    The projections provide the key to understanding our policy decision. It’s almost a cliché now but the level of uncertainty is huge. So much so, we published alternative scenarios. The key differences in the scenarios relate to trade policy. In the baseline, we assume no retaliation and a 10% tariff. In the adverse scenario, we assume higher tariffs and retaliation.

    The final outcome in trade negotiations is by far the most relevant factor of uncertainty that we considered in our projections, which are the basis for our monetary policy decisions. Nobody knows the final outcome of the trade negotiations and the impact it may have on the outlook for growth and inflation.

    Having said that, markets have understood perfectly well what the President said about being in a good position. Even in this context of huge uncertainty, I think that markets believe and discount that we are very close to our target of sustainable 2% inflation over the medium term.

    Your projections incorporate interest rate futures, which still price in one more rate cut. So, if the baseline materialises, we can still expect a cut?

    We incorporate market expectations for interest rates into the underlying assumptions of our projection framework. But I think that, in this case, this assumption is not important compared with the consideration we give to trade issues in the June exercise. Trade has a greater magnitude of relevance in influencing our projections.

    Would you say that risks to the inflation outlook are to the upside or the downside?

    This is quite an important question. A tariff is a tax on imported goods. So the first impact is inflationary. But tariffs simultaneously depress demand, which can more than compensate for the initial inflationary impact. So, in the medium term, tariffs reduce both growth and inflation.

    But there is another factor that is more difficult to calibrate. A fully fledged trade war could give rise to fragmentation in the global economy and distortions in the global supply chain. And that would be inflationary in the longer term.

    So, with all these nuances, over the next two years tariffs would reduce both growth and inflation. But, if you look further out, you have to consider the potential impact that fragmentation could have. That goes beyond our projection horizon, but it is something that we will have to take into consideration in the future.

    You now project inflation dipping below target and then coming back to 2%. We’ve seen such a scenario before, when the longer-term projection always points to 2%, partly because of mean reversion. So, how much weight do you attach to the 2027 projection? And do you give a lot of thought to this notion of mean reversion as a feature at the back of the projection?

    When it comes to 2026, there are two key issues: the appreciation of the euro and the evolution of prices of raw materials, particularly energy. For 2027 a similar appreciation of the currency and a fall in energy prices is not expected to take place, and that is the reason why we expect inflation to come back up to 2%. But, of course, the level of uncertainty is huge. So, even though we are convinced that inflation will converge to our target, we need to stay data-dependent and decide meeting by meeting. Also, bear in mind that we have already reduced interest rates by 200 basis points – from 4% to 2%.

    The risk of undershooting in any year is that it influences wage-setting and could perpetuate low inflation. In the first quarter of next year, you see inflation at 1.4%. Do you consider undershooting a significant risk?

    I think inflation is going in the right direction. There is a clear deceleration, also confirmed by the latest data. But I don’t think that inflation hovering around 1.4% in the first quarter of 2026 is going to be enough to unanchor inflation expectations and modify the wage bargaining process. We clearly see that wage dynamics are cooling. But, even when you take all these factors into consideration, compensation per employee will be around 3% over time. So, the risk of undershooting is very limited in my view.

    Our assessment is that risks for inflation are balanced. Clearly, 1.4% is below target. But we look at the medium term, and in the medium term there are other factors that can compensate for the short-term elements that can temporarily bring inflation down.

    Europe is expected to spend more on defence. Do you think that greater military expenditure should come at the expense of other spending, or should it be financed from debt?

    A lot of uncertainty still surrounds our fiscal policy assumptions and projections. Trade is prominently in the news, but fiscal policy is often overlooked.

    First of all, fiscal policy in the United States is important. The new tax bill is going to increase the deficit, and the US fiscal position is already challenging. The debt ratio is over 100% and the fiscal deficit between 6% and 7%. So, markets are likely to start paying more attention to fiscal policy in the United States, which could give rise to increasing yields. I think this will catch the eye of markets more and more in the future.

    In the case of Europe, we have seen a degree of decoupling in terms of yields with respect to the United States. But developments have been much more moderate.

    Nevertheless, fiscal policy is relevant because there is an additional need to increase spending on defence, which is going to demand more resources. The starting point for some EU countries is not good. The EU does not have much fiscal space, so we have to look for social and political space in order to expand it.

    We will need to have more support from the people of Europe, and governments will have to explain clearly the necessity for higher spending on defence, because it’s a question of independence and autonomy.

    This extra spending may take some time to ramp up. Do you think ECB watchers or the ECB’s own projections overestimate how much fiscal support is coming?

    There are different fiscal multipliers, and much will depend on the kind of fiscal spending that countries are going to pursue. This kind of expenditure takes time to be implemented, so the impact on inflation and growth is not going to be material in the short term.

    Do you think the ECB can play a role in helping that defence spending, like with the targeted QE, targeted TLTRO, or some other tool?

    I can assure you that this is something that we have not discussed.

    We saw in the minutes of the Federal Reserve System’s May meeting that it had extended the swap line with the ECB. Nevertheless, given the political turmoil in the United States, do you think it would be a good exercise to look at scenarios in which US dollar funding dries up? Should the ECB be preparing the financial sector for such a scenario?

    We believe that swap lines with the Federal Reserve are a good instrument in terms of financial stability for both the euro area and the United States. We are fully convinced that the swap lines will be maintained over time because they are positive for both sides and for global financial stability.

    But markets are starting to openly doubt the status of the US dollar as the world’s leading reserve currency. And some central banks are even building up reserves in gold. Do you think it would be prudent for the ECB, and the Eurosystem more generally, also to start building up more gold reserves or reserves in assets other than US dollar-denominated assets?

    The weight of gold in our reserves has been on the increase clearly because of rising gold prices. Central banks use gold as an instrument to diversify in moments of geopolitical risk, and that is understandable. Some are even looking at silver or platinum to diversify.

    But the role of the US dollar as a reserve currency in the short term is not going to be challenged, in my opinion.

    The role of the euro as a reserve currency in the global arena will depend on actions taken in Europe. If we can achieve a much more integrated goods and services market, then the capital markets union and the banking union will come about much more easily. It’s very difficult to make progress in the capital markets union or the banking union if you do not advance in the integration of the goods and services market.

    You put out a report on the role of the euro last week, which covers basically to the end of last year. Can you provide us with a bit of insight on what’s been happening since 2 April. There’s been a lot of movement on financial markets. Have euro assets really benefited from capital leaving the US dollar, or is it mostly gold that has benefited?

    If you look at market developments, we had a big decline and a risk-off movement at the beginning of April. And now market valuations have fully recovered – apart from the US dollar and commodity prices.

    The policies of the new US Administration cover not only tariffs, but also fiscal policy and the regulatory frameworks for banks – in terms of the implementation of Basel III – and non-banks, and even for crypto assets. At the end of the day, this is a sort of change of paradigm. There have even been some doubts about how engaged the new US Administration is going to be with multilateral institutions.

    Even though markets have recovered, setting aside the US dollar and commodities, there is something that is quite obvious. The correlation of asset prices has changed quite a lot since April. If you look at developments in stock and bond prices, the correlation has been different from the ones we had in the past.

    Even in the case of yields on US Treasuries, we have seen ups and downs. But I think that the main element that indicates some doubts about the new US policies is the evolution of the US dollar. That’s quite clear.

    The flipside of that is that the euro has become stronger. Is it becoming an issue for growth and for exporters? Can the euro zone even afford reserve currency status given the currency strength that comes with it?

    I think that, at USD 1.15, the euro’s exchange rate is not going to be a big obstacle. And the question of the reserve status of the euro in the global arena is not going to have a significant impact in the short term.

    In the short term, the status of the US dollar is not going to be challenged. In the medium term, the factor that is going to be key is the kind of policy that we implement in Europe. If we are able to become more independent, more autonomous in defence, and we start to do what we have to do for the integration of markets… gradually, over the medium to long term, the euro will gain market share. But, in the short term, a big jump in market share is out of the question.

    So you don’t seem to be terribly concerned about USD 1.15 for the real economy. Accepting that you have no exchange rate target, what is the point where you become concerned that the exchange rate has a detrimental impact on the real economy?

    Much more than a specific level, I think that we have to look at the speed of developments, how rapid the appreciation or depreciation is. And if there is a clear overshooting of the exchange rate, that is something we should analyse.

    So far, the evolution has been quite controlled. Perhaps the surprise has been that, at the beginning of the year, most market participants believed that we could go to parity. And instead we have gone to the current level. I would not say that the exchange rate has been extremely volatile so far, or that we have seen a very rapid appreciation .

    We take the exchange rate into consideration in our projections. The perception of the ECB is that the appreciation of the euro has so far been positive in terms of achieving our target for inflation. That’s one of the reasons why we have revised our inflation projections down for 2026.

    A recent paper by Blanchard and Ubide has relaunched the idea of a European safe asset. You were on the other side of the fence when you were once a finance minister. Do you see growing chances of more joint issuance happening?

    Ideas coming from the academic sphere are very good. The one you mentioned is a very interesting proposal for a EU safe asset in a very liquid and deep market. That is something we have to take into consideration.

    But I think we have to do a lot of things before that. We need a much more integrated single market, and to make much more progress towards the capital markets union and the completion of the banking union. Simultaneously – and I feel we have made some progress here – we need the fiscal positions of euro area countries to be closer and disparities to be reduced.

    So it’s an interesting proposal from an academic standpoint. But I think that, from a practical viewpoint, there are other necessary conditions before we get there and these are not yet in place.

    Do you think it could be prudent for the ECB and the Eurosystem’s national central banks to bring back some of the gold reserves they store in New York?

    There is no doubt in my mind that they are totally safe.

    Even when a new Federal Reserve Chair will be appointed next year?

    Well, I don’t know who the next Chair is going to be, but I expect it will be a competent and sensible person.

    Fair enough. But has there been a discussion about this or didn’t it even come up?

    Even the possibility of it didn’t come up.

    Over the past few years, the ECB has learned some lessons, such as that you also have to react forcefully to inflation when it’s too high. This didn’t seem to be a problem a few years ago, yet all of a sudden it was. So, with that in mind, how would you like the new strategy document to reflect that?

    As you have said, the framework for inflation was totally different five years ago. And now we have had a period of high inflation, which was an important change.

    This is going to be a reassessment of our strategy review. In my view, we are not going to see modications in the definition of price stability. With respect to the toolkit, I think that all the instruments are going to remain available for use in the future.

    Simultaneously, we have learned much more about side effects, and we are going to pay more attention to financial stability considerations. QE, for instance, was a new instrument added to the toolkit in 2015. What is important is that when you use an instrument, you can gauge its real impact. Sometimes it’s much easier to start using the instrument than to withdraw it — that’s something we have learned as well. And finally, the framework of the global economy is going to be very different from the one we had in 2021. In one sense, I think we are going to have a much more fragmented world.

    In 2021, we didn’t have any discussions about trade. Deflation, or low inflation, was the main point of our review, and how close we were to the lower bound. At the same time, some academics raised the issue of the natural interest rate. This is interesting from a conceptual and an academic standpoint, but not for actual monetary policy decision-making.

    What should we expect from the new strategy statement?

    I would not expect big surprises. This is about evolution, not revolution. It is just a reassessment. It will be much more focused on how the framework for central banks and for the ECB has changed over the last five years.

    In a multipolar world, what role can China play for the ECB as a partner, and the People’s of Bank of China particularly?

    China is an important player. It’s the world’s second largest economy. We have some monetary arrangements with the central bank, like our swap lines.

    Sometimes when we talk about trade policies, we look only at bilateral tariffs. But we need to have a holistic approach. In the case, for instance, of the negotiations between the United States and Europe, what is going to be key is not only the final outcome in terms of bilateral tariffs, but the potential impact of trade diversion. You need to be holistic with respect to trade, because otherwise, perhaps, you are missing the real impact that these trade negotiations are going to have.

    Do you see that as a big risk, trade diversion? Your colleague Isabel Schnabel seemed to suggest this was not a major risk.

    Well, I don’t know whether it’s going to be a big risk, but undoubtedly this is something that we have to monitor and take into consideration.

    Could the ECB work with the People’s Bank of China, for example in the field of payments? China has its own digital currency.

    We are fully behind a digital euro. We believe that it’s something that is going to be very important in Europe.

    There will be new legislation in the United States about stablecoins. They are going to become a means of payment and most projects are going to come from the United States. My reading of the digital euro project is digital public money: it will be a means of payment, it’s not going to pay an interest rate, and it will not replace cash. We are going to take financial stability implications into consideration too.

    People, at the end of the day, both in the analogue and digital context, always want to have public money. For them, that’s real money. And if people doubt whether they can transform their current account balance into banknotes, then a bank run can take place. The digital euro is going to play a similar role in a digital world.

    If the case for a digital euro is so clear, why does the legislator not see it? Brussels has been dragging its feet. Why is that, and do you expect a change?

    I hope that we will be able to convince the legislators, but you have to ask them why they have so many doubts. From our standpoint, it’s quite clear that a digital euro is something that is extremely relevant and useful in the payment context in Europe. And I think that eventually, they will be convinced of the clear advantages of a digital euro.

    MIL OSI Economics –

  • MIL-OSI Economics: Christine Lagarde: Interview with Xinhua News Agency

    Source: European Central Bank

    Interview with Christine Lagarde, President of the ECB, conducted by Su Liang on 12 June 2025

    14 June 2025

    I was in the audience in 2018 at the opening ceremony of the first China International Import Expo in Shanghai. You said in a speech there that China built a bridge to the world, built a bridge to prosperity and is building a bridge to the future – the three bridges, which is famous in China. Has anything changed in your mind – is China building new bridges?

    I haven’t been back to China for six years – that was my last visit, six years ago. From what I have seen so far, I can tell you that this bridge to the future is clearly an enterprise that China is working hard on. The combination of robotic artificial intelligence, hard work by the Chinese people and the strategic approach to it are contributing a lot to that bridge to the future. Development will occur fast on a threefold basis: robotic artificial intelligence, hard work and all of that focused on the industries of the future, which are going to change the Chinese economy even faster and better.

    How does the ECB see China’s role in the global economic recovery, especially amid this increasing fragmentation in global supply chains? What kind of dialogue or cooperation would you like to see between the ECB and Chinese financial institutions?

    The main cooperation and dialogue that we have at the ECB with China is with the People’s Bank of China (PBOC), because we are both central banks for a large region. We share some of the same concerns, some of the same challenges and we have a strong and deep dialogue on those issues. We are both very attached to the regulatory framework and supervision that will sustain financial stability. Our primary responsibility at the ECB is price stability, and this is clearly defined in our strategy. We are within reach of the 2% medium-term inflation target that we have defined as price stability. But we cannot have price stability if we do not have financial stability. And that’s the reason why we – and I think the PBOC is on the same page – are very attached to a solid regulatory environment and strong supervision so that our financial sector is stable and solid, because it is in the interest of the people that we serve.

    This year marks the 50th anniversary of the establishment of diplomatic relations between China and the European Union, the then European Economic Community. As President of the ECB and previously a politician in Europe, how do you see the cooperation between China and the EU over the past 50 years?

    The cooperation between the European Union and China has been beneficial to both sides. We have increased the level of trade between our two regions, and we have seen increased direct investment over the course of the last few decades.

    And what will that cooperation look like in the future?

    I very much hope, in the interest of financial stability and price stability, that China and the European Union will continue to cooperate, will continue their dialogue, will be candid with each other and will play by the rules that they both agree to. I’m thinking of the WTO rules, for instance, as rules that both regions have agreed to support and have signed up to. I think that determination for dialogue, cooperation and working on win-win solutions is something that will continue to be shared.

    You talked about stability and about the rules. Do you think what the United States government is doing now is kind of a risk to stability and the rules? They are raising tariffs and creating uncertainty in the world economy.

    I would focus on your last point. The level of uncertainty caused by the announcements or the threats of decisions is dampening investment. It is leading all institutions to reduce their growth projections for the global economy, for the United States, for China and for Europe. It’s really a lose-lose situation that we have at the moment. The sooner the uncertainty can be removed and agreements can be found between the parties – on tariffs in particular, but on other issues as well, such as non-tariff barriers – the better off we will all be. Economic players, investors and employers have great difficulty dealing with uncertainty. The same applies to us as central banks because when we need to forecast, anticipate the evolution of the economy and project the level of prices, if we have this great uncertainty, it makes our lives really difficult.

    So when the delegations of China and the United States in London said they had made progress, that’s good news.

    I hope progress goes in the direction of removing as much uncertainty as possible. If it reaches a new equilibrium, which is beneficial for all countries, then it’s a positive.

    It is impossible to talk about China-EU relations without talking about China-US relations. You worked both in Washington and Europe. How do you see current China-US relations and how do you think China-US relations will impact China-EU relations?

    I don’t want to make any projections or anticipate what the outcome of the discussions will be between the Chinese authorities and the US authorities. This is for political leaders, for trade and commerce secretaries to discuss and to take forward. But what I observe is that all our countries – European Union Member States, China, the United States and many other countries – are intrinsically bound by supply chains. When you start dissecting a product and you realise what the origin of the product is, where the spare parts are coming from, what journey it takes to travel from one place to the other, it is amazing how countries are linked to each other. What will impact one will impact others, and if the situation is not resolved satisfactorily and the uncertainty is not removed, the corporate world will rethink their supply chains. They will rethink their supply and their sourcing, and that will cause more fragility and a period of uncertainty, during which growth will probably be impaired, during which we could have inflationary pressure as a result. And I think this is not in the interest of any country. As I said, it’s not just the United States, China and Europe, it’s many other countries as well.

    I remember you once said you stand by Adam Smith, you stand by liberalism. Do you think what we are witnessing in the world is a kind of failure of liberalism, the rules of free trade?

    We have to acknowledge what the benefits have been and where there have been downsides. The benefits have been incredible when you look at how much additional activity has prospered, how much growth has increased, how many people have been taken out of poverty, particularly in this country, in China, how the well-being of people has improved. There have been many benefits as a result of international open trade and free markets, but there have also been some negative consequences. There are areas in the world where industrial activity has died, where people have lost jobs and where measures have not been taken to deal with that. So we have to be mindful of that. We have to look at that very honestly and decide how we want to remedy those situations. It has a lot to do with reducing the disequilibrium, reducing the imbalances that we see both on an international but also on a domestic basis.

    Like you said, China has had a lot of benefits from globalisation, and China is now the second-largest economy in the world, and we have heard some concepts like de-risking from China in Europe. What is your opinion on this concept?

    The principle of de-risking is not surprising, and I think it has been accentuated by the COVID-19 period. You know, during the pandemic, countries and regions suddenly realised that they no longer had manufacturing facilities to produce some pharmaceutical goods (e.g. masks) that were needed, and they were dependent and vulnerable as a result. This desire not to be vulnerable, not to be exclusively dependent on one single source of supply, is completely legitimate to the extent that those products – not necessarily masks – are considered strategic. It’s completely normal that countries think they need to have alternative sources of supply. We need to have a degree of security of supply so that we are not at the mercy of a failure, or a unilateral decision that would expose the security of our people. So I don’t find anything surprising about it. It is legitimate, but it does not stop cooperation. It does not stop international trade.

    When it comes to financial innovation, people always focus on digital financing and green financing. The ECB is actively exploring a digital euro. How will this influence the future of finance from the perspective of European bankers? And on green innovation in financing, how can the ECB and the PBOC cooperate in the future?

    Firstly, both the PBOC and the ECB are working on a digital currency. China was ahead, it started earlier. We started six years ago, and we are getting to the point where, if the legislature supports the proposal, we should be ready to launch. Why are we doing that? Simply because of client demand, to put it very simply. Because many Europeans – not all, but many – like to pay electronically, digitally, without cash. Many Europeans still like cash. I like cash. So we will continue to have cash, and we will be issuing new banknotes in a few years’ time. But we need, as a sovereign expression on the financial stage, to be able to respond to the demand of our customers, Europeans. If they want cash, we should be able to print secure banknotes. If they want digital cash, we should be able to offer a digital euro. We want to make sure that we have a European offer that is available, so that within the entire euro area there is a means of payment and a solid currency that can help you transact both online, peer-to-peer, business-to-business, and that’s the purpose of the digital euro.

    And what about green financing?

    Green financing is an activity that is conducted by commercial banks or international institutions. The European Investment Bank, which is a public institution, also has a role. And as you know, Europe has approved a green bond framework that is available, which I think China has observed very carefully in order to issue its own framework. But it’s a matter for commercial banks.

    My final question is the following: you were the second most powerful woman in the world according to Forbes in 2019, 2020, 2022, 2023 and 2024. You have a life experience envied by women around the world. Do you have any advice for them on how to be successful?

    Women have inside them the potential to thrive in whichever domain they choose. And I think that they should always draw on that confidence and energy without which things do not happen, and they should cultivate that and never be intimidated or refrain from achieving what they can. They have to believe in themselves. I hope they get the support that I was lucky to receive from family members and friends, as that is extremely helpful to continue doing what you want to do.

    MIL OSI Economics –

  • MIL-OSI Economics: Privacy blind spot could stall AI’s future in UK homes, says new study

    Source: Samsung

     
    As smart technology and AI become increasingly integrated into our daily lives, new research finds that nearly 9 out of 10 Brits (89%) express concerns about their privacy.
     
    But, for the majority of consumers, these concerns stop at their phones – despite other smart devices in the home also collecting personal data and being just as vulnerable to threats.
     
    This new research from Samsung Electronics, which surveyed over 8,000 Millennial and Gen Z respondents across Europe, including the UK, reveals that over a quarter (28%) of young Brits never think about the security of their smart appliances. In contrast, 1 in 2 (53%) think about the privacy of their mobile phones every day – a worrying blind spot given how connected our smart devices have become, and with the number of smart homes in Europe expected to surpass 100 million by 2028.[1]
     
    The research highlights how managing privacy can feel overwhelming for many – with over 1 in 10 (14%) of those surveyed saying it’s too complex, and 7 in 10 (70%) finding it stressful. Within Europe, Spain tops the list of countries where people find managing their privacy the most stressful (88%), followed by Greece (87%) and France (75%) and Italy (75%).
     
    Privacy concerns among Brits are wide-ranging – from fears of financial theft (73%) to unease about metadata being used to identify them (61%).
     
    The findings point to a deep education gap when it comes to privacy. Many want to take control of their data when it comes to their technology. In fact, almost 8 in 10 (78%) put such considerations front and centre at point of purchase, alongside their familiarity with the brand. Yet despite rising awareness, many still feel unequipped to take meaningful action:
     

    Only 22% say they feel ‘very’ knowledgeable about privacy
    Just over half (54%) are aware of the data their apps and devices collect about them
    3 in 10 (28%) accept default settings on apps without fully understanding them
    Almost 6 in 10 (57%) feel they can never be fully in control of their privacy across their devices
    7 in 10 (70%) are calling for better education on data and privacy
    Over 1 in 10 (14%) consumers say they trust brands to take the protection of their data seriously

     
    These fears are holding UK consumers back from harnessing the full potential of the latest technology. 1 in 5 (18%) haven’t shared data between smart devices in the past year due to security fears—showing that Brits aren’t taking full advantage of connected living, and the enhanced lifestyle benefits it can bring.
     
    Yet two thirds say they would be more open to fully embracing AI and smart-home technology if they better understood the benefits to their lifestyle (67%) and felt confident their data was secure (67%). From real-time smart home updates (15%) to personalised shopping discounts (15%), job opportunities (14%) and tailored fitness and health suggestions (14%), many recognise that they are missing out on everyday enhancements due to concerns around how their data is handled.
     
    In light of these findings, Samsung is reinforcing its commitment to empowering users with strong safeguards and transparent privacy controls in an increasingly AI-driven world.
     
    Dr. Seungwon Shin, Corporate EVP & Head of Security Team, Device eXperience Business at Samsung Electronics said: “At Samsung, we believe true innovation starts with people – which is why we put privacy at the core of everything we do. This research highlights a growing trend: while consumers are proactive about managing privacy on their smartphones, they’re often overlooking the broader ecosystem of connected devices. It also reflects a hesitation to fully embrace AI-powered experiences, largely driven by uncertainty around data use.
     
    As advocates for privacy-first design, we’re committed to earning trust through transparency, choice, and built-in protections. Everyone should be able to explore new AI capabilities with confidence, knowing their data is protected and they remain in control. That’s why we’re focused on putting privacy in the hands of users – where it belongs.”
     
    At the heart of this mission is Samsung Knox, the company’s government-grade security platform that safeguards its smart home appliances[2] and Galaxy devices. With the rise of connected living, Samsung is expanding Knox security across its ecosystem so users can enjoy smart appliances and AI-powered features with peace of mind[3]

    Knox Matrix is Samsung’s long-term vision for connected security—where devices in the same ecosystem work together to safeguard one another. Built on private blockchain technology and backed by future-ready protections like post-quantum cryptography[4], Knox Matrix enables real-time, multi-device protection across smartphones, tablets, TVs, and more.
     
    Complementing this is Knox Vault, which stores sensitive information like PINs, passwords and biometric data in a separate, hardware-based environment. This ensures that even if the main operating system is compromised, private information always stays protected.
     
    With this layered security in place, users are empowered to manage their privacy across all their connected devices, making choices entirely on their own terms.
     
    The research also shows that UK consumers want more than just promises—they’re seeking practical tools. 28% support clearer data usage policies, and almost the same amount value privacy information that’s simple and easy to understand (29%).
     
    Recognising this need, Samsung is expanding its efforts to educate users and equip them with tools that put privacy into their hands across all Samsung devices. For more information on privacy, see here. For more information on the Samsung Knox security principles, see here.
     
    [1]Research and Markets. (2024). Smart Homes and Home Automation Report 2024. Business Wire.
    [2]Samsung Knox is applied to select appliances launched in 2018 and later.
    [3]Samsung Knox Matrix cannot guarantee complete protection against all vulnerabilities within a user’s connected device ecosystem.
    [4]Post-quantum cryptography is available on Galaxy S25 series.

    MIL OSI Economics –

  • MIL-OSI Banking: Result: Conversion/Switch Auction of Government of India Securities

    Source: Reserve Bank of India

    A. Source Security 8.15% GS 2026 8.24% GS 2027 8.26% GS 2027 8.26% GS 2027 7.06% GS 2028
    B. Notified Amount (in ₹ crore) 3,000 3,000 2,000 2,000 3,000
    Destination Security 6.19% GS 2034 6.64% GS 2035 8.33% GS 2036 7.40% GS 2062 8.24% GS 2033
    C. i. No. of offers received 3 3 6 1 6
    ii. Total amount of Source Security offered (Face value, in ₹ crore) 3,800.000 887.559 945.000 1,000.000 3,247.000
    iii. No of offers accepted 2 0 0 1 3
    iv. Total amount of source security accepted (Face value, in ₹ crore) 3,000.000 0 0 1,000.000 217.000
    v. Total amount of destination security issued (Face value, in ₹ crore) 3,136.604 0 0 1,001.241 199.334
    vi. Cut-off price (₹) / yield (%) for destination security 98.90/6.3473 NA NA 104.71/7.0399 112.15/6.3493
    A. Source Security 7.06% GS 2028 8.60% GS 2028 7.59% GS 2029 7.59% GS 2029
    B. Notified Amount (in ₹ crore) 2,000 3,000 3,000 4,000
    Destination Security 7.06% GS 2046 8.33% GS 2036 7.57% GS 2033 8.32% GS 2032
    C. i. No. of offers received 0 10 10 13
    ii. Total amount of Source Security offered (Face value, in ₹ crore) 0.000 5,445.000 4,667.356 4,154.200
    iii. No of offers accepted 0 2 0 5
    iv. Total amount of source security accepted (Face value, in ₹ crore) 0 3,000.000 0 2,079.200
    v. Total amount of destination security issued (Face value, in ₹ crore) 0 2,820.191 0 1,971.281
    vi. Cut-off price (₹) / yield (%) for destination security NA 114.16/6.5042 NA 111.11/6.3548

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/549

    MIL OSI Global Banks –

  • MIL-OSI Europe: Answer to a written question – Need to support the Cyclades affected by the devastating floods and the island regions more broadly – E-001363/2025(ASW)

    Source: European Parliament

    The mid-term review of the 2021-2027 Multiannual Financial Framework (MFF) was concluded in 2024, reinforcing the EU budget in key priority areas. The Solidarity and Emergency Aid Reserve was increased by EUR 1.5 billion.

    The Regional Emergency Support to Reconstruction — RESTORE Regulation[1] allows for flexibility by Member States impacted by natural disasters to use cohesion policy funding for reconstruction and repair.

    The Rural Development Regulation[2] was amended to introduce a new measure, providing support to affected farmers, foresters, and Small and Medium-sized Enterprises.

    Member States could adjust their 2021-2027 cohesion policy programmes during their mid-term review[3], adding new priorities like enhancing water resilience.

    Greece could benefit from these flexibilities once the regulation enters into force, including the financial incentives to implement these priorities rapidly and effectively.

    The 2021-2027 cohesion policy programmes contribute EUR 1 billion to a national disaster risk management programme in Greece and EUR 10.5 million to a regional programme on climate-related risk management in Notio Aigaio[4].

    The EU Mission on Adaptation to Climate Change can help the Cyclades and other islands test and deploy innovative solutions to build resilience to floods and other climate risks, as with Climate adaptation and resilience demonstrated in the Mediterranean region (CARDIMED) project[5].

    Island regions face specific challenges, including suffering from extreme natural disasters that call for significant investments not only in post-disaster recovery but also in climate adaptation and resilience.

    As announced in the communication ‘A modernised cohesion policy: the mid-term review’, the Commission will launch a consultation on the development of a Strategy for Islands to support them address their multi-faceted problems.

    • [1] Regulation (EU) 2024/3236 of the European Parliament and of the Council of 19 December 2024 amending Regulations (EU) 2021/1057 and (EU) 2021/1058 as regards Regional Emergency Support to Reconstruction (RESTORE), entered into force on 24 December 2024, available at the following link https://eur-lex.europa.eu/eli/reg/2024/3236/oj/eng.
    • [2] Regulation (EU) 2024/3242 of the European Parliament and of the Council of 19 December 2024 amending Regulation (EU) 2020/2220 as regards specific measures under the European Agricultural Fund for Rural Development to provide additional assistance to Member States affected by natural disasters, available at: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R3242&qid=1746172978914.
    • [3] On 1 April 2025 the Commission tabled a legislative proposal and accompanying Communication. Regulation of the European Parliament and of the Council amending Regulations (EU) 2021/1058 and (EU) 2021/1056 as regards specific measures to address strategic challenges in the context of the mid-term review, available at: regulation-proposal-mid-term-review-2025_en.pdf: https://ec.europa.eu/regional_policy/sources/communication/mid-term-review-2025/regulation-proposal-mid-term-review-2025_en.pdf; Communication from the Commission to the European Parliament and the Council A modernised Cohesion policy: The mid-term review, available at: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:52025DC0163.
    • [4] Technical assistance, including under the ‘Cohesion for Transitions Community of Practice’ initiative, could support the implementation of the programmes facilitating the green transition and for studies.
    • [5] Climate Resilience & NBS | Cardimed: https://www.cardimed-project.eu/.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Menstrual products: transparency and health risks – E-001083/2025(ASW)

    Source: European Parliament

    The new General Product Safety Regulation[1] strengthens the safety framework for consumer products, including menstrual products.

    It requires manufacturers to perform an internal risk analysis for every product- taking into account consumer categories, including gender differences- and eliminate or mitigate all identified risks, including by adding warnings and instructions for safe use.

    Also, the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) Regulation[2] regulates chemical substances in consumer products and bans the use of certain hazardous substances (e.g. the dioctyltin (DOT) compounds) in menstrual products. Another restriction on skin sensitisers is in preparation too.

    In the future, the Commission, in cooperation with the Consumer Safety Network and taking into account the number of accidents reported, could explore the development of future standardisation work[3].

    In the Coordinated Activities on the Safety of Products 2022, menstrual products were tested against European and international standards, indicating overall compliance. Also, the Product Safety Award 2023 recognised companies innovating in menstrual product safety.

    Finally, the Commission recognises the importance of research into menstrual product safety. While there are no initiatives under Horizon Europe, or the Citizens, Equality, Rights and Values programme (CERV) programme at this stage, the Commission is open to exploring funding opportunities supporting scientific advancements and consumer safety in this area.

    • [1] Regulation (EU) 2023/988 of the European Parliament and of the Council of 10 May 2023 on general product safety, amending Regulation (EU) No 1025/2012 of the European Parliament and of the Council and Directive (EU) 2020/1828 of the European Parliament and the Council, and repealing Directive 2001/95/EC of the European Parliament and of the Council and Council Directive 87/357/EEC. OJ L 135, 23.5.2023, p. 1-51, applicable since 13th December 2024.
    • [2] Regulation (EC) No 1907/2006 of the European Parliament and of the Council of 18 December 2006 concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), establishing a European Chemicals Agency, amending Directive 1999/45/EC and repealing Council Regulation (EEC) No 793/93 and Commission Regulation (EC) No 1488/94 as well as Council Directive 76/769/EEC and Commission Directives 91/155/EEC, 93/67/EEC, 93/105/EC and 2000/21/EC. OJ L 396, 30.12.2006, p. 1-850.
    • [3] Official European standard setting organisations have started to develop certain deliverables on the topic notably with the CEN workshop agreement on absorbent hygiene products. While this standardisation deliverable will not per se deal with the toxic shock syndrome and warnings regarding the duration of use of products, it will provide for test method to assess the potential presence of trace chemicals in absorbent hygiene products useful for manufacturers as well as Market Surveillance authorities to test their safety. More info can be found here: https://www.cencenelec.eu/news-and-events/news/2023/workshop/2023-02-02-ahps/.

    MIL OSI Europe News –

  • MIL-OSI Europe: EIB supports with €1.6 bn the strategic Bay of Biscay electricity interconnection between Spain and France

    Source: European Investment Bank

    EIB

    • Bay of Biscay is a landmark project for the European power system that will boost the interconnection capacity between the Iberian Peninsula and rest of continental Europe.
    • Initiative to increase the exchange capacity from 2,800 to 5,000 megawatts (MW), improving reliability of power supply among France, Spain and Portugal and with the rest of Europe.
    • Once operational the interconnection will contribute to ensure cleaner, more secure, and more affordable power for millions of citizens.
    • With a total route length of 400 km, 300 km of which underwater, it will become the first submarine electricity interconnection between Spain and Fance.
    • This is a Project of Common Interest for the EU being implemented through a joint venture between the transmission system operators of Spain, Red Eléctrica, and France, RTE, Réseau de transport d’électricité.

    The European Investment Bank (EIB) is pledging €1.6 billion to finance the construction of the Bay of Biscay electricity interconnection between Spain and France. The EIB financing for the Bay of Biscay project takes the form of loans to Spanish and French transmission-system operators Red Eléctrica and RTE Réseau de transport d’électricité.

    The parties signed first loan tranches totalling €1.2 billion today at the EIB headquarters in Luxembourg. The event was attended by Nadia Calviño, president of the EIB Group, Dan Jørgensen, European Commissioner for Energy and Housing, Marc Ferracci, French minister of Industry and Energy, Miguel González Suela, Spanish deputy secretary of State – for Ecological Transition and the Demographic Challenge, Beatriz Corredor, chairwoman of Redeia, parent company of Red Eléctrica and Thomas Veyrenc Member of the Executive Board, director general for Finance, Strategy and Economics of RTE. This financial support adds up to the €578 million EU grant allocated to this project under the Connecting Europe Facility.

    This is a landmark Project of Common Interest in which the EIB, the European Commission, Red Eléctrica and RTE are joining forces to strengthen cross-border electricity interconnections and hereby the overall European energy system.

    “EIB support for the France-Spain electricity interconnection will be key to ensuring that the Iberian Peninsula is no longer an energy island. This agreement will lead to a major shift in energy integration, an important area for EU competitiveness and strategic autonomy.”  said Nadia Calviño, president of the EIB Group”.

    “Europe needs more integrated and more interconnected energy systems and markets. This is crucial to ensure our citizens have access to clean and stable supplies, wherever they are. This is what a genuine Energy Union is about, “said Dan Jørgensen, European Commissioner for Energy and Housing. “I very much welcome the additional financial support offered by the EIB for a key project that will ultimately improve the lives of many across the Pyrenees and beyond.”

    Construction of the Bay of Biscay link is already under way by Inelfe – joint venture by RTE and Red Eléctrica, and it is due to become operational in 2028. Once operational, the project will almost double the electricity exchange capacity between France and Spain to 5,000 MW. That means cleaner, more secure, and more affordable power for millions of citizens, while avoiding 600,000 tonnes of CO₂ each year.

    The project will strengthen the interconnection capacity between France and Spain, helping the Iberian peninsula’s progress towards the EU interconnection target for Member States of at least 15% of installed production capacity by 2030. The Bay of Biscay project, together with the underground project between Baixas-Santa Llogaia and the improvement of the existing Argia-Hernani infrastructure will contribute to enhance the interconnection capacity between the Iberian Peninsula and the rest of Europe, while better integrating it within the EU energy market.

    ‘Today, with the support of the EIB, we take another step forward in this project, a bridge between nations and key for European cohesion that will enable us to tackle the greatest challenge of our time: the energy transition. That is why both countries must continue to work together to strengthen our connections, also through the two new projects planned to cross the Pyrenees’, said Beatriz Corredor, chairwoman of Redeia

    “Today is a major milestone for the Bay of Biscay project, which will increase the solidarity between France and Spain but will also contribute to the development of exchanges of low-carbon, competitive electricity throughout Europe. Along with EU institutions – such as EIB – and other European TSOs, RTE is committed to ensure that the French power grid is fit to play its role of a European electricity crossroads, including through major reinforcement projects to avoid internal constraints, as laid out in our recent grid development strategy’, said Thomas Veyrenc, Member of the Executive Board, Director general for finance, strategy and economics of RTE.

    The project reinforces the EIB´s role as the climate bank one of the EIB Group’s eight strategic priorities set out in its Strategic Roadmap for the years 2024-2027. The operation is also part of the EIB’s action plan supporting REPowerEU, the program to increase energy security and accelerate the energy transition by reducing the European Union’s dependence on fossil fuel imports.

    Marc Ferracci, French minister for industry and energy: “We’re very happy today to have signed the first part of the investment in this interconnection project between France and Spain which will go through the Bay of Biscay. This will allow us to double the capacity of electricity transported between the two countries with 400 km of connection. It’s very important because it illustrates the will of Spain and France to go further in the decarbonisation of our economies. And it shows the solidarity that exists to meet Europe’s energy security challenge.”

    “The signing of this agreement marks a major step towards building the Energy Union and strengthening the resilience of the European electricity system as a whole. I am confident that it will not be the last”, said Miguel González Suela, Spanish deputy secretary of State for Ecological Transition and the Demographic Challenge.

    Flagship project

    The Bay of Biscay interconnection is classified by the EU as a Project of Common Interest or PCI, and is being delivered by Inelfe a joint venture between Red Eléctrica and Réseau transport d’électricité. It is co-funded by a Connecting Europe Facility (CEF) grant of €578 million.  

    The connection will link two alternating current systems via a submarine direct current line. At each end of the connection, stations in Cubnezais in France and Gatika in Spain will convert the direct current into alternating current for connection to the transmission grids of Spain and France.

    The design of the project has been developed through an open and participatory process, with the aim of reaching the greatest possible consensus and ensuring the best solution from a technical, social, and environmental perspective.

    The High-Level Group on Interconnections in South-West Europe, established in 2015 between Spain, France, and Portugal with the support of the European Commission, played a critical role in advancing the Biscay Bay project.

    More information about the project is available here.

    The EIB as a major financier of energy security and grids in Europe

    In 2024, the EIB Group signed a record €31 billion to back EU energy security, including for efficiency, renewables, storage and electricity grids, which is expected to support over €100 billion in investment. A total of €8.5 billion financed electricity grids and storage projects, double the amount from previous year. This financing is helping to expand, modernise and digitalise electricity grids making them more resilient and allowing for more and better integration of renewable sources.

    In Spain financing of energy security projects was higher than in any other EU country in 2024, totalling more than €5 billion, which is expected to support over €15 billion in investment. A total of €1.54 billion financed grids and storage projects, roughly double the previous year’s amount. In France financing of energy security projects in 2024 was in line with previous years at around €3.6 billion,  of which €400 million went to finance grids and storage projects, while €3.2 billion went to other energy projects including renewable energy sources and  energy efficiency.

    In the last 5 years (2019-24), EIB has financed €16.7 billion in energy projects in Spain, and €17.7 billion in energy projects in France.

    Find out more about the EIB’s support for the energy sector here.

    Background information

    EIB

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

    The EIB Group, which also includes the European Investment Fund, signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

    In Spain, in 2024, the EIB Group signed new financing worth €12.3 billion for over 100 high-impact projects,  while in France, the EIB Group signed new financing worth €12.6 billion also for over 100 high-impact projects,  contributing to both countries’ green and digital transition, economic growth, competitiveness and better services for their people.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    Red Eléctrica

    Red Eléctrica is the transmission system operator (TSO) for the Spanish electricity system and Redeia’s flagship. Since 1985, Red Eléctrica guarantee the security of supply in Spain, driving its social and economic development. Now, the company is also the backbone of the energy transition in the country. www.ree.es 

    Réseau Transport d’Électricité

    The French electricity-transmission-system operator, RTE, provides a public service: guaranteeing a constant supply of electricity throughout France, with the same standard of service, thanks to the efforts of its 10,025-strong staff. RTE manages electricity flows, balancing production and consumption in real time. RTE maintains and develops the high and very-high voltage grid (from 63,000 to 400,000 volts) which includes nearly 100,000 kilometres of overhead lines, 7,000 kilometres of underground lines, 2,900 operational substations, some jointly operated, and around fifty cross-border lines. With 37 interconnections with neighbouring countries, the French grid is the largest in Europe. RTE is an independent and neutral industrial operator of the energy transition, optimising and transforming its grid to connect new consumers and low-carbon electricity generation facilities.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Review of the Digital Services Act – P-001672/2025(ASW)

    Source: European Parliament

    Pursuant to Article 91(1) of the Digital Services Act (DSA), by 17 November 2025, the Commission shall evaluate and report to the European Parliament, the Council and the European Economic and Social Committee on the application of Article 33 of the DSA and the way that the DSA interacts with other legal acts, in particular those listed in Article 2(2) and (3) of the DSA.

    The Commission services, in close cooperation, have started the preparatory work towards the adoption of the report. The preparation of this report is closely aligned with the ongoing work of the Simplification Package[1].

    The report will also be informed by surveys addressed to a variety of stakeholders (including civil society organisations, companies and regulatory authorities) and other relevant analysis.

    Pursuant to Article 91(3) the DSA, the report may be accompanied by a legislative proposal to amend the DSA, if necessary. At this stage, however, there is no such indication.

    The protection of freedom of expression was at the core of the design of the DSA. The DSA has inter alia increased the transparency and accountability over the content moderation decisions taken by providers of intermediary services and reinforced redress mechanisms for users.

    In addition, the DSA requires providers of services designated as very large online platforms and very large online search engines to identify, assess and analyse, and effectively mitigate systemic risks stemming from the functioning, design and use made of their services and related systems, including in relation to any actual or foreseeable negative effects for the exercise of the fundamental right to freedom of expression.

    The Commission is committed to protecting freedom of expression in monitoring and enforcing the DSA rules.

    • [1] https://commission.europa.eu/news/commission-proposes-cut-red-tape-and-simplify-business-environment-2025-02-26_en.

    MIL OSI Europe News –

  • MIL-OSI: AIXA Miner Secures FinCEN MSB License, Marking Major 2025 Compliance Milestone in Global Cloud Mining Sector

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 16, 2025 (GLOBE NEWSWIRE) — AIXA Miner has officially secured its Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN), a pivotal regulatory approval that elevates its credibility and security standards across the global cloud mining landscape. This certification positions AIXA Miner as one of the few cloud mining platforms with verified U.S. compliance, an increasingly critical benchmark as international investors demand stronger oversight and consumer protection in crypto services.

    This milestone marks a new chapter for AIXA Miner in 2025, reinforcing its leadership in providing secure, efficient, and transparent cloud mining operations. As regulatory scrutiny increases worldwide, particularly in markets like Germany, the FinCEN-approved MSB license validates AIXA Miner’s operational integrity and risk controls—giving both new and experienced investors a trusted partner in navigating the evolving digital asset economy.

    What is Cloud Mining?

    Cloud mining is a convenient way to mine cryptocurrencies without having to buy or own professional mining equipment. Instead of setting up a mining machine or performing technical maintenance, customers can simply rent mining equipment from a service provider. The service provider operates large mining facilities and is responsible for hardware, electricity, network connectivity and maintenance. In return, the customer receives a share of the mining revenue generated by the rented capacity. Therefore, cloud mining is undoubtedly a simple solution for anyone who wants to mine passive cryptocurrencies without having to manage complex resources themselves.

    AIXA Miner Cloud Mining: A quick shortcut to cryptocurrency participation

    AIXA Miner was founded in 2020 in Colorado, USA, and received MSB (Financial Stability and Stability Board) certification from the US Financial Crimes Enforcement Network (FinCEN). The platform is known for its low-carbon environmental protection, financial security and high returns. The platform currently has over 1 million users in over 200 countries worldwide. This allows users to utilize idle funds to generate stable returns and become your loyal companion on the road to wealth. AIXA Miner combines secure wealth management with ease of use and enables users of all experience levels to mine cryptocurrencies easily and reliably.

    Get started with AIXA Miner

    1. Sign up and get a $100 bonus – Open a free account now and get a $20 welcome bonus to start generating a daily income of $0.80 right away.
    2. Choose the right mining plan – Browse a range of mining plans for different budgets and investment goals. Each plan differs in term, return and cost, so you can easily find a plan that suits your personal wealth to generate income.
    3. Daily income – payment is made automatically every 24 hours. You can reinvest your profits into higher value plans or withdraw your earnings directly to your crypto wallet when you’re ready.

    AIXA Miner offers further profit opportunities via its cloud mining platform in addition to investments and enables users to passively increase their income without actual investment.

    1. Multi-level referral system – share and earn: AIXA Miner rewards you for inviting others: 5% for direct referrals and continuous income accumulation as your network grows.
    2. VIP Membership: Increase your income: The more you invest, the higher your VIP level becomes and you will receive daily updates, additional bonuses from your mining earnings and retroactive rewards that can be unlocked instantly.

    Although the crypto market is mature in 2025, it remains volatile. Investors wonder: can the myth of wealth creation persist? Although 1,000x meme coins are rare, smart people are betting on more stable cloud mining. Let’s take AIXA Miner as an example. Its low-threshold, high-yield model has become the mainstream choice. With a user-friendly interface, high security and daily income, it helps investors achieve financial freedom through mining.

    You can find more information at www.aixaminer.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0cbf21bf-08e0-47a4-a424-159e68ada715

    The MIL Network –

  • MIL-OSI: MEXC Unveils “Proof of Trust” Campaign for Crypto Security, Audits, and User Protection

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 16, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, will launch Proof of Trust, a comprehensive global campaign aimed at strengthening user protection, operational transparency, and community trust across the crypto sector. This initiative combines concrete financial safeguards with security partnerships, open education, and user-first design — positioning MEXC as one of the most proactive players in an increasingly risk-conscious market.

    As part of the initiative, MEXC is implementing advanced security protocols and forming strategic partnerships with leading blockchain auditing firms. In March 2025, the exchange partnered with Hacken, a well-known blockchain security auditor, to support external risk monitoring and system-wide security assessments. According to MEXC COO Tracy Jin, “External, independent verification is essential for maintaining trust and accountability. We thank Hacken for their work and remain committed to prioritizing security and transparency as we scale globally.”

    Central to the Proof of Trust campaign is MEXC’s groundbreaking $100 million Guardian Fund, which represents one of the industry’s most transparent and accessible user protection mechanisms. This fund provides comprehensive coverage for users facing severe security threats, including large-scale exploits, targeted attacks, and unforeseen system vulnerabilities. What sets this fund apart is its complete transparency—all wallet addresses are publicly disclosed on MEXC’s website, allowing users to verify balances and monitor transactions through blockchain records. Unlike traditional third-party insurance with lengthy claims processes, the Guardian Fund offers agile and rapid deployment, ensuring users receive timely support. This initiative establishes a new industry benchmark for proactive risk management and demonstrates MEXC’s commitment to putting user safety first.

    The campaign also includes a renewed focus on user empowerment through education. MEXC Learn, the platform’s multilingual educational hub (available in over eight languages), provides free access to beginner guides, safety tools, and advanced trading insights — helping both newcomers and seasoned traders navigate the ecosystem responsibly.

    To reinforce financial integrity, MEXC now publishes enhanced Proof-of-Reserves and Security Reports on a bi-monthly basis, allowing users to verify that all major assets are fully backed independently. Current data confirms reserve ratios exceeding 100% across core cryptocurrencies — underlining the exchange’s liquidity strength and long-term solvency.

    Importantly, MEXC remains one of the financially strongest and most secure centralized exchanges. In addition to routine Proof-of-Reserves disclosures, the exchange maintains insurance and emergency funds to protect user assets in the event of force majeure events such as cyberattacks, system breaches, or other unforeseen security incidents. In 2025, MEXC plans to increase its security and protection budgets as part of its broader commitment to making digital asset trading safer for global users.

    The Proof of Trust campaign by MEXC is also focused on community and engagement. The platform design is elaborated in detail to reflect user-centricity, simplicity, and innovation. Besides, UX (user experience) metrics are being continuously researched and revised accordingly. Feedback from users is a cornerstone for providing an engaging and fulfilling environment. Stories and interactive campaigns featured by MEXC add up to both positive networking and valuable experience sharing. MEXC is dedicated to maintaining the highest standards of security and user satisfaction, industry experts say.

    The launch of the Proof of Trust multifaceted campaign, combining unprecedented security and transparency measures with community engagement and education, is a substantial input of MEXC into the crypto industry globally. By employing such large-scale initiatives, MEXC is maintaining its leadership and trendsetter position in the market.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

    Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc82c1b5-76bc-4295-bb7f-744a43d60686

    The MIL Network –

  • MIL-OSI: Subsea 7 S.A. – 2Q25 earnings call notification

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 16 June 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its second quarter 2025 results for the period ended 30 June 2025 on Thursday 31 July 2025 at 08:00 CET.

    A conference call and simultaneous webcast for the investment community will be held on Thursday 31 July 2025 at 11:00 UK / 12:00 CET.

    From 08:00 CET the results announcement and the presentation to be reviewed during the conference call and webcast will be available on the Subsea7 website.

    Conference call registration:
    Phone: https://register-conf.media-server.com/register/BI59310f2a739a44ab86529d2cda595e97
    Webcast: https://edge.media-server.com/mmc/p/yja3wdd3/        

    Please note that questions can only be submitted from a phone line.

    *******************************************************************************
    Subsea7 creates sustainable value by delivering the offshore energy transition solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investor enquiries:
    Katherine Tonks
    Head of Investor Relations
    Subsea 7 S.A.
    Tel +44 20 8210 5568
    ir@subsea7.com

    www.subsea7.com

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 16 June 2025 at 12:30 CET.

    Attachment

    The MIL Network –

  • MIL-OSI: Subsea 7 S.A. – 2Q25 earnings call notification

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 16 June 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its second quarter 2025 results for the period ended 30 June 2025 on Thursday 31 July 2025 at 08:00 CET.

    A conference call and simultaneous webcast for the investment community will be held on Thursday 31 July 2025 at 11:00 UK / 12:00 CET.

    From 08:00 CET the results announcement and the presentation to be reviewed during the conference call and webcast will be available on the Subsea7 website.

    Conference call registration:
    Phone: https://register-conf.media-server.com/register/BI59310f2a739a44ab86529d2cda595e97
    Webcast: https://edge.media-server.com/mmc/p/yja3wdd3/        

    Please note that questions can only be submitted from a phone line.

    *******************************************************************************
    Subsea7 creates sustainable value by delivering the offshore energy transition solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investor enquiries:
    Katherine Tonks
    Head of Investor Relations
    Subsea 7 S.A.
    Tel +44 20 8210 5568
    ir@subsea7.com

    www.subsea7.com

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 16 June 2025 at 12:30 CET.

    Attachment

    The MIL Network –

  • MIL-OSI Africa: Social Engineering 2.0: When artificial intelligence becomes the ultimate manipulator

    Once the domain of elite spies and con artists, social engineering is now in the hands of anyone with an internet connection – and AI is the accomplice. Supercharged by generative tools and deepfake technology, today’s social engineering attacks are no longer sloppy phishing attempts. They’re targeted, psychologically precise, and frighteningly scalable.

    Welcome to Social Engineering 2.0, where the manipulators don’t need to know you personally. Their AI already does.

    Deception at machine levels

    Social engineering works because it bypasses firewalls and technical defences. It attacks human trust. From fake bank alerts to long-lost Nigerian princes, these scams have traditionally relied on generic hooks and low-effort deceit. But that’s changed, and continues to.

    “AI is augmenting and automating the way social engineering is carried out,” says Anna Collard, SVP of Content Strategy & Evangelist at KnowBe4 Africa. “Traditional phishing markers like spelling errors or bad grammar are a thing of the past. AI can mimic writing styles, generate emotionally resonant messages, and even recreate voices or faces (https://apo-opa.co/409nwPV) – all within minutes.”

    The result? Cybercriminals now wield the capabilities of psychological profilers. By scraping publicly available data – from social media to company bios – AI can construct detailed personal dossiers. “Instead of one-size-fits-all lures, AI enables criminals to create bespoke attacks,” Collard explains. “It’s like giving every scammer access to their own digital intelligence agency.”

    The new face of manipulation: Deepfakes

    One of the most chilling evolutions of AI-powered deception is the rise of deepfakes – synthetic video and audio designed to impersonate real people. “There are documented cases where AI-generated voices have been used to impersonate CEOs and trick staff into wiring millions (https://apo-opa.co/4e4JBVv),” notes Collard.

    In South Africa, a recent deepfake video circulating on WhatsApp featured a convincingly faked endorsement by FSCA Commissioner Unathi Kamlana promoting a fraudulent trading platform. Nedbank had to publicly distance itself from the scam (https://apo-opa.co/4e4JCJ3).

    “We’ve seen deepfakes used in romance scams, political manipulation, even extortion,” says Collard. One emerging tactic involves simulating a child’s voice to convince a parent they’ve been kidnapped (https://apo-opa.co/3HY5WrR) – complete with background noise, sobs, and a fake abductor demanding money.

    “It’s not just deception anymore,” Collard warns. “It’s psychological manipulation at scale.”

    The Scattered Spider effect

    One cybercrime group exemplifying this threat is Scattered Spider. Known for its fluency in English and deep understanding of Western corporate culture, this group specialises in highly convincing social engineering campaigns. “What makes them so effective,” notes Collard, “is their ability to sound legitimate, form quick rapport, and exploit internal processes – often tricking IT staff or help-desk agents.” Their human-centric approach, amplified by AI tools, such as using audio deepfakes to spoof victims’ voices for obtaining initial access, shows how the combination of cultural familiarity, psychological insight, and automation is redefining what cyber threats look like. It’s not just about technical access – it’s about trust, timing, and manipulation.

    Social engineering at scale

    What once required skilled con artists days or weeks of interaction – establishing trust, crafting believable pretexts, and subtly nudging behaviour – can now be done by AI in the blink of an eye. “AI has industrialised the tactics of social engineering,” says Collard. “It can perform psychological profiling, identify emotional triggers, and deliver personalised manipulation with unprecedented speed.”

    The classic stages – reconnaissance, pretexting, rapport-building – are now automated, scalable, and tireless. Unlike human attackers, AI doesn’t get sloppy or fatigued; it learns, adapts, and improves with every interaction.

    The biggest shift? “No one has to be a high-value target anymore,” Collard explains. “A receptionist, an HR intern, or a help-desk agent; all may hold the keys to the kingdom. It’s not about who you are – it’s about what access you have.”   

    Building cognitive resilience

    In this new terrain, technical solutions alone won’t cut it. “Awareness has to go beyond ‘don’t click the link,’” says Collard. She advocates for building ‘digital mindfulness’ and ‘cognitive resilience’ – the ability to pause, interrogate context, and resist emotional triggers (https://apo-opa.co/3FF6Zwn).

    This means:

    • Training staff to recognise emotional manipulation, not just suspicious URLs.
    • Running simulations using AI-generated lures, not outdated phishing templates.
    • Rehearsing calm, deliberate decision-making under pressure, to counter panic-based manipulation.

    Collard recommends unconventional tactics, too. “Ask HR interviewees to place their hand in front of their face during video calls – it can help spot deepfakes in hiring scams,” she says. Families and teams should also consider pre-agreed code words or secrets for emergency communications, in case AI-generated voices impersonate loved ones.

    Defence in depth – human and machine

    While attackers now have AI tools, so too do defenders. Behavioural analytics, real-time content scanning, and anomaly detection systems are evolving rapidly. But Collard warns: “Technology will never replace critical thinking. The organisations that win will be the ones combining human insight with machine precision.”

    And with AI lures growing more persuasive, the question is no longer whether you’ll be targeted – but whether you’ll be prepared. “This is a race,” Collard concludes. “But I remain hopeful. If we invest in education, in critical thinking and digital mindfulness, in the discipline of questioning what we see and hear – we’ll have a fighting chance.”

    Distributed by APO Group on behalf of KnowBe4.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: 3/2025: Confirmation of decapitalisation rates

    Source: United Kingdom – Government Statements

    Correspondence

    3/2025: Confirmation of decapitalisation rates

    Business rates information letters are issued by the Ministry of Housing, Communities and Local Government at regular intervals throughout the year.

    Applies to England

    Documents

    Business Rates Information Letter (3/2025): Confirmation of decapitalisation rates

    HTML

    Details

    This letter confirms the decapitalisation rates for the 2026 revaluation.

    Updates to this page

    Published 16 June 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: British Firework Championships returns with the ‘Champion of Champions’

    Source: City of Plymouth

    Plymouth Hoe will once again come alive with colour and excitement this summer as it hosts the British Firework Championships on Wednesday 13 and Thursday 14 August.

    Sponsored by Associated British Ports (ABP), the UK’s leading port operator, this year’s event promises to be even more spectacular, as six previous winners return to compete for the title of ‘Champion of Champions’.

    The Young People’s Choice Award will also return for its third consecutive year, sponsored by Plymouth Citybus, giving care-experienced young people a chance to cast their vote for their favourite display, helping foster engagement and excitement across all age groups.

    Sally Haydon, Cabinet Member for Events said: “We are really grateful for the support ABP Ports are providing for this event in their role as lead sponsor of the British Firework Championships, and we are very much looking forward to the crowning of a ‘Champion of Champions’ on Plymouth Hoe this summer as part of what is sure to be a wonderful opportunity to enjoy some spectacular fireworks with friends and family alike.

    “This partnership provides us with a great opportunity to celebrate our shared values and support Plymouth’s vibrant visitor economy and community events.”

    Ashley Curnow, Divisional Port Manager for Wales and the Southwest at ABP, the owners and operators of Millbay Docks, said: “We are proud to support the British Firework Championships as lead sponsor for the second consecutive year, with this landmark ‘Champion of Champions’ edition.

    “As proud member of the Plymouth community, ABP is delighted to help bring this spectacular celebration to life on the Hoe and to help showcase what Britain’s Ocean City has to offer.”

    The British Firework Championships will feature three stunning 10-minute displays each evening, beginning at 9.30pm, delivered by some of the most respected pyrotechnic companies in the UK.

    Richard Stevens MBE, Managing Director at Plymouth Citybus, said, ‘Plymouth Citybus are proud to once again sponsor the Young People’s Choice Awards at this year’s British Firework Championships. The firework championships is a highlight of the year for us, and the fact that we are helping to support young people across the city makes it even more special. “

    Starting at 2pm each day, visitors can enjoy the vibrant atmosphere, with a wide variety of fairground rides providing family fun well before the fireworks begin. The entertainment continues throughout the evening, with live music and performances taking place on the main stage from 5pm.

    Street entertainers, including fire performers and stilt walkers, will also delight the crowds with walkabout shows, adding to the carnival feel. Food and drink vendors will offer a delicious selection to suit all tastes, ensuring visitors can make the most of the festivities throughout the day and into the night.

    With two evenings of show-stopping fireworks, top-tier entertainment, and family-friendly fun, this year’s British Firework Championships is set to be a real summer highlight not just for Britain’s Ocean City, but for the whole of the South West.

    For updates and travel/accessibility information: VisitPlymouth/British Firework Championships

    MIL OSI United Kingdom –

  • MIL-OSI: Eos Energy Successfully Closed $336M in Concurrent Offerings of Common Stock and Convertible Senior Notes, Strengthening its Balance Sheet and Creating Enhanced Financial Flexibility

    Source: GlobeNewswire (MIL-OSI)

    Simplified capital structure bolsters ability to rapidly meet customer demand, reduce interest expense, and increase liquidity

    Continues to scale operations with order for its second state-of-the-art battery module manufacturing line

    EDISON, N.J., June 16, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, announced the closing of the full exercise of the initial purchasers’ option to purchase additional notes in connection with its convertible senior notes due 2030 offering. Following the exercise of the option, $250 million aggregate principal amount of convertible senior notes due 2030 were outstanding. This announcement follows the Company’s successful closing of its concurrent offerings of common stock (including a full exercise of the underwriters’ option to purchase additional shares) and convertible senior notes due 2030.

    These transformative transactions mark a critical inflection point that unlocks the financial flexibility required to scale operations to meet long duration energy storage global demand. The offerings were significantly oversubscribed, demonstrating strong investor confidence in Eos’ market potential and progress against its strategic plan.

    “We proactively capitalized on favorable market conditions to strengthen our financial position and play offense on long term growth,” said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. “Amid this opportunity, we strategically repurchased the maturing 2026 convertible note, lowered our cost of capital on the Cerberus term loan, and enhanced liquidity, putting us in an ideal position to capture the growing demand for long duration energy storage.”

    The capital infusion strengthens Eos’ ability to execute its growth strategy and increases strategic flexibility by reducing the weighting at the top of its capital stack. It also allowed the Company to restructure key portions of its debt, materially lowering its cost of capital while strengthening its balance sheet, with the overall transaction resulting in approximately $400 million in savings over the terms of the Company’s debt.

    “This was more than a capital raise – it strategically positions the Company to achieve our long-term objectives,” said Joe Mastrangelo, Chief Executive Officer of Eos. “Improving our capital structure provides the tools required to operationally position the Company for growth. A stronger balance sheet combined with an improved capital cost structure, allows Eos to deliver for its customers, and build long-term shareholder value.”

    Use of Proceeds and Strategic Debt Restructuring

    Proceeds from the transactions were used to:

    • Fully repurchase the Company’s $125.9 million 5%/6% Convertible Senior PIK Toggle Note due 2026 for $131 million, saving Eos $8.3 million in incremental interest that would have been owed upon maturity. Pursuant to the terms of the repurchase agreement, the Company subsequently received a $5 million reimbursement of the purchase price from the holder.
    • Prepay $50 million of outstanding borrowings due under the Company’s Delayed Draw Term Loan (DDTL) between Eos and an affiliate of Cerberus Capital Management LP (“Cerberus”), and
    • Add approximately $139 million in cash to the balance sheet net of purchaser discounts, prior to the deduction of expenses.

    The $50 million prepayment on the DDTL resulted in key benefits:

    • Reduced the interest rate on the remaining DDTL from 15% to 7%, significantly lowering the Company’s cost of capital.
    • Deferred the EBITDA and revenue financial covenants on the DDTL and DOE to begin March 31, 2027, allowing the Company to focus on scaled growth.
    • Extended the lock-up period on Cerberus held securities by one year to June 21, 2026, further aligning long-term shareholder interests.
    • Waived call protection provisions, saving the Company $28.7 million in prepayment expense.

    Eos is currently working to obtain approval from the U.S. Department of Energy’s Loan Programs Office (DOE) for the next funding advance under tranche 1 of its DOE guaranteed loan.

    Operational Momentum and Manufacturing Expansion

    Eos recently submitted the purchase order for its second state-of-the-art manufacturing line that is expected to be operational in the first half of 2026. This marks a pivotal milestone in the Company’s plan to scale domestic production in response to strong U.S. and international demand. In parallel, Eos is in the process of installing and commissioning its first bi-polar sub-assembly, an automation enhancement expected to drive significant improvements in throughput and production efficiency.

    Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments surpassing Q1, reflecting strong manufacturing execution. This momentum is expected to continue throughout the remainder of the year, supported by meaningful output gains as the Company brings all its terminal and bi-polar sub-assembly automation fully online during the third quarter.

    System Performance and Field Integration

    As production capacity increases, Eos continues to invest in the innovation engine driving its technology roadmap. At its R&D facility in Edison, New Jersey, Francis Richey, Chief Technology Officer, and Pranesh Rao, Senior Vice President Storage Systems Engineering, and team are pioneering advancements that are reshaping long duration energy storage.

    Introduced during the Company’s December 2023 strategic outlook call, Eos has made substantial progress on two foundational components of its Z3 energy storage system: its proprietary American-made Battery Management System (BMS) and its modular inline cube architecture. The custom electronics and advanced software in the BMS have improved availability and shown round trip efficiency above 80% with some longer duration applications surpassing 90%. Developed and maintained in the United States, the BMS ensures critical data privacy and cybersecurity protections, key to enhancing the resilience and security of the U.S. power grid.

    The Company’s inline cube, engineered to simplify field deployment and reduce system level costs, has also demonstrated measurable field efficiencies. In a recent Z3 project, Eos proved the ability to cold commission 75 cubes in just 7 days, resulting in approximately 96% lower installation costs versus prior system designs. Faster installation times and lower costs allow the Eos system to rapidly-scale and meet customer demand for accelerating grid integration.

    Building on these operational and technological advancements, Eos has partnered with PA Consulting Group – energy market and policy advisor and industry leader in forecasting and analytics – to quantify the near and long-term value of its technology. Despite higher upfront costs, compared to incumbent technologies, PA’s independent modeling for ERCOT-based customers showed 30-50% higher revenues over the life of a project for 4+ hour systems. This is a testament to the differentiated performance of the domestically manufactured Z3 technology, and the benefits Eos can provide to customers across North America.

    As power systems adapt to the growing demands of electrification and increased renewable penetration, energy storage has become essential to ensuring grid reliability, flexibility, and resilience. Eos is well-positioned to meet this need with secure, scalable, American-made solutions offering customers not just technology, but long-term value and performance that support the evolving energy landscape.

    Upon the closing of the offerings (including the option to purchase additional notes), the Company is no longer subject to quiet period restrictions until the regularly scheduled period at the end of the second quarter until earnings.

    About Eos
    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it is the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3-to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    Contacts  
    Investors:  ir@eose.com
    Media:       media@eose.com

    Forward Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “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. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the DDTL with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

    The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company 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.

    The MIL Network –

  • MIL-OSI: Eos Energy Successfully Closed $336M in Concurrent Offerings of Common Stock and Convertible Senior Notes, Strengthening its Balance Sheet and Creating Enhanced Financial Flexibility

    Source: GlobeNewswire (MIL-OSI)

    Simplified capital structure bolsters ability to rapidly meet customer demand, reduce interest expense, and increase liquidity

    Continues to scale operations with order for its second state-of-the-art battery module manufacturing line

    EDISON, N.J., June 16, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, announced the closing of the full exercise of the initial purchasers’ option to purchase additional notes in connection with its convertible senior notes due 2030 offering. Following the exercise of the option, $250 million aggregate principal amount of convertible senior notes due 2030 were outstanding. This announcement follows the Company’s successful closing of its concurrent offerings of common stock (including a full exercise of the underwriters’ option to purchase additional shares) and convertible senior notes due 2030.

    These transformative transactions mark a critical inflection point that unlocks the financial flexibility required to scale operations to meet long duration energy storage global demand. The offerings were significantly oversubscribed, demonstrating strong investor confidence in Eos’ market potential and progress against its strategic plan.

    “We proactively capitalized on favorable market conditions to strengthen our financial position and play offense on long term growth,” said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. “Amid this opportunity, we strategically repurchased the maturing 2026 convertible note, lowered our cost of capital on the Cerberus term loan, and enhanced liquidity, putting us in an ideal position to capture the growing demand for long duration energy storage.”

    The capital infusion strengthens Eos’ ability to execute its growth strategy and increases strategic flexibility by reducing the weighting at the top of its capital stack. It also allowed the Company to restructure key portions of its debt, materially lowering its cost of capital while strengthening its balance sheet, with the overall transaction resulting in approximately $400 million in savings over the terms of the Company’s debt.

    “This was more than a capital raise – it strategically positions the Company to achieve our long-term objectives,” said Joe Mastrangelo, Chief Executive Officer of Eos. “Improving our capital structure provides the tools required to operationally position the Company for growth. A stronger balance sheet combined with an improved capital cost structure, allows Eos to deliver for its customers, and build long-term shareholder value.”

    Use of Proceeds and Strategic Debt Restructuring

    Proceeds from the transactions were used to:

    • Fully repurchase the Company’s $125.9 million 5%/6% Convertible Senior PIK Toggle Note due 2026 for $131 million, saving Eos $8.3 million in incremental interest that would have been owed upon maturity. Pursuant to the terms of the repurchase agreement, the Company subsequently received a $5 million reimbursement of the purchase price from the holder.
    • Prepay $50 million of outstanding borrowings due under the Company’s Delayed Draw Term Loan (DDTL) between Eos and an affiliate of Cerberus Capital Management LP (“Cerberus”), and
    • Add approximately $139 million in cash to the balance sheet net of purchaser discounts, prior to the deduction of expenses.

    The $50 million prepayment on the DDTL resulted in key benefits:

    • Reduced the interest rate on the remaining DDTL from 15% to 7%, significantly lowering the Company’s cost of capital.
    • Deferred the EBITDA and revenue financial covenants on the DDTL and DOE to begin March 31, 2027, allowing the Company to focus on scaled growth.
    • Extended the lock-up period on Cerberus held securities by one year to June 21, 2026, further aligning long-term shareholder interests.
    • Waived call protection provisions, saving the Company $28.7 million in prepayment expense.

    Eos is currently working to obtain approval from the U.S. Department of Energy’s Loan Programs Office (DOE) for the next funding advance under tranche 1 of its DOE guaranteed loan.

    Operational Momentum and Manufacturing Expansion

    Eos recently submitted the purchase order for its second state-of-the-art manufacturing line that is expected to be operational in the first half of 2026. This marks a pivotal milestone in the Company’s plan to scale domestic production in response to strong U.S. and international demand. In parallel, Eos is in the process of installing and commissioning its first bi-polar sub-assembly, an automation enhancement expected to drive significant improvements in throughput and production efficiency.

    Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments surpassing Q1, reflecting strong manufacturing execution. This momentum is expected to continue throughout the remainder of the year, supported by meaningful output gains as the Company brings all its terminal and bi-polar sub-assembly automation fully online during the third quarter.

    System Performance and Field Integration

    As production capacity increases, Eos continues to invest in the innovation engine driving its technology roadmap. At its R&D facility in Edison, New Jersey, Francis Richey, Chief Technology Officer, and Pranesh Rao, Senior Vice President Storage Systems Engineering, and team are pioneering advancements that are reshaping long duration energy storage.

    Introduced during the Company’s December 2023 strategic outlook call, Eos has made substantial progress on two foundational components of its Z3 energy storage system: its proprietary American-made Battery Management System (BMS) and its modular inline cube architecture. The custom electronics and advanced software in the BMS have improved availability and shown round trip efficiency above 80% with some longer duration applications surpassing 90%. Developed and maintained in the United States, the BMS ensures critical data privacy and cybersecurity protections, key to enhancing the resilience and security of the U.S. power grid.

    The Company’s inline cube, engineered to simplify field deployment and reduce system level costs, has also demonstrated measurable field efficiencies. In a recent Z3 project, Eos proved the ability to cold commission 75 cubes in just 7 days, resulting in approximately 96% lower installation costs versus prior system designs. Faster installation times and lower costs allow the Eos system to rapidly-scale and meet customer demand for accelerating grid integration.

    Building on these operational and technological advancements, Eos has partnered with PA Consulting Group – energy market and policy advisor and industry leader in forecasting and analytics – to quantify the near and long-term value of its technology. Despite higher upfront costs, compared to incumbent technologies, PA’s independent modeling for ERCOT-based customers showed 30-50% higher revenues over the life of a project for 4+ hour systems. This is a testament to the differentiated performance of the domestically manufactured Z3 technology, and the benefits Eos can provide to customers across North America.

    As power systems adapt to the growing demands of electrification and increased renewable penetration, energy storage has become essential to ensuring grid reliability, flexibility, and resilience. Eos is well-positioned to meet this need with secure, scalable, American-made solutions offering customers not just technology, but long-term value and performance that support the evolving energy landscape.

    Upon the closing of the offerings (including the option to purchase additional notes), the Company is no longer subject to quiet period restrictions until the regularly scheduled period at the end of the second quarter until earnings.

    About Eos
    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it is the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3-to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    Contacts  
    Investors:  ir@eose.com
    Media:       media@eose.com

    Forward Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “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. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the DDTL with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

    The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company 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.

    The MIL Network –

  • MIL-OSI Banking: From Jaipur to Nagpur, Samsung Solve for Tomorrow Ignites a Nation of Problem-Solvers

    Source: Samsung

    Your classroom could be the next stop in this journey of Samsung Solve for Tomorrow
     
    From the sunlit classrooms of Jaipur to the buzzing lecture halls of Nagpur, a powerful question echoed across campuses: “What problem will you solve for India?”
     
    That question lies at the heart of Samsung Solve for Tomorrow, a national innovation challenge that is transforming students into changemakers—and campuses into launchpads for the future.
     
    After a powerful launch on April 29, the design thinking workshops and college Open Houses swept across India—reaching not just major metros but also the vibrant heartlands of the Northeast.
     
    Samsung Solve for Tomorrow 2025 will provide INR 1 crore to the top four winning teams to support the incubation of their projects, along with hands-on prototyping, investor connects, and expert mentorship from Samsung leaders and IIT Delhi faculty.
     
    At Neerja Modi School in Jaipur, over 1,000 students filled the auditorium with their ideas, ambitions, and dreams. Among them, Naman Lakhani found himself thinking beyond textbooks:
     
    “I’ve always wanted to build something that could solve real-world issues. Samsung Solve for Tomorrow showed me that someone out there actually wants to listen to us—and help make those ideas real.”
     
    Anshika Gupta, another student, added: “It felt like a spark. This programme is not just about innovation—it’s about inclusion. It made me feel like I could be a part of building India’s future, even while I’m still in school.”
     
    The journey continued to Maharaja Sawai Bhawani Singh School, also in Jaipur, where Ishan Sharma, part of a 850-strong student turnout, found his perspective shift:
     
    “I realised that I don’t need to wait to graduate or become an adult to solve problems. If we have ideas now, Samsung Solve for Tomorrow wants to hear them. That’s empowering.”
     
    In Nagpur, the vibrant community of Ramdeobaba University welcomed the campaign with open minds and open notebooks. Among 640 participants, Manya shared her dream of building AI-driven solutions for public health:
     
    “For once, a platform came to us—to our campus, to our city—and said, ‘Let’s build something that matters.’ It’s not just a competition. It’s a launchpad.”
     
    Even virtually, the momentum didn’t stop. Shanti Business School in Ahmedabad hosted one of the largest online Samsung Solve for Tomorrow open houses yet, with over 1,700 students tuning in. Discussions ranged from clean energy to accessibility tech.
     
     “It felt like a national classroom of creators,” one student shared in the chat. “We were miles apart, but our ideas connected.”
     
    In Bhopal, Oriental Institute of Science and Technology (OIST) brought the conversation to ground zero—how students can use tech to tackle local problems. With 290 students in attendance, the event had a quiet, determined energy.
     
    “We don’t just want to dream. We want to build,” a student said. “Samsung Solve for Tomorrow is giving us the blueprint.”
     
    As Samsung Solve for Tomorrow rolls across India, it’s making one thing clear: Innovation doesn’t belong to labs or big cities. It belongs to every student with a question and the courage to find an answer.
     
    So, if you’re a student with an idea that could solve a real problem—this is your moment. Apply now to Samsung Solve for Tomorrow. Your classroom could be the next stop in this journey. And your idea? It could change everything.

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: UK celebrates public service heroes in HM The King’s Birthday Honours List 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK celebrates public service heroes in HM The King’s Birthday Honours List 2025

    Over 1,200 recipients are recognised across the UK

    Community heroes up and down the country are celebrated in His Majesty The King’s Birthday Honours List 2025 today. 

    Over a thousand recipients have been awarded for their exceptional achievements, with a particular focus on those who have given their time to public service. 

    This year’s recipients include dedicated community champions, role models in sport, pioneers in the arts, passionate health workers, and supporters of young people.

    Prime Minister Keir Starmer said:

    This year’s Birthday Honours List is a powerful reminder of the extraordinary dedication, compassion, and service that exists in every corner of our country.

    From community champions to cultural icons, each recipient reflects the very best of Britain. I extend my heartfelt congratulations and gratitude to them all.

    Among those being honoured today is former England captain David Beckham, who receives a Knighthood for services to Sport and Charity. Beyond the pitch, Beckham has been a Goodwill Ambassador for UNICEF since 2005, and he also established the 7 Fund aimed at helping vulnerable children around the world. He supports a number of charities including the Chelsea Pensioners, Help for Heroes, Great Ormond Street Hospital, Age UK and the London Air Ambulance service.

    The oldest recipient this year is William Irwin who, at 106 years old, receives a BEM for services to the community in Coleraine, County Londonderry. William is one of three honours recipients over the last ten years aged 106. 

    At 11 years old, the youngest recipient this year is Carmela Chillery-Watson, who lives with a rare life-limiting, muscle-wasting condition. She receives an MBE for charitable fundraising, in particular for Muscular Dystrophy UK.

    For the first time, three members of the same family, Duncan Speirs, Caroline Jane Speirs and Jenna Catherine Helen Speirs, are all receiving a BEM for services to Charitable Fundraising, after setting up Calum’s Cabin, which provides holiday homes for children facing cancer.  

    Arts

    Sculptor Sir Antony Gormley is made a Member of the Order of the Companions of Honour for his services to Art, and Emma Bridgewater is made a Dame for her for services to Ceramics. Oliver Sykes is awarded an MBE for services to Access to the Arts for Underprivileged Young People. 

    Sports

    Billy Boston becomes the first Rugby League Player to ever receive a Knighthood, and Sarah Virginia Wade receives a CBE for services to Tennis and Charity. Footballer Rachel Daly has been awarded an MBE for services to Association Football, and darts player Luke Littler has been awarded an MBE for services to Darts, currently the World no.2 at the age of 18.

    Philanthropy and Charity

    Roger Daltrey, a patron to the Teenage Cancer Trust has been awarded a Knighthood for his services to Charity. Sunita Arora, founder of the Arora Charitable Foundation receives an OBE for services to the Charitable Sector and to Philanthropy, and Albino Okello has been awarded an MBE for his services to the Red Cross for his work with the Family Tracing Service as a National Caseworker.

    Business

    Clare Barclay, the CEO of Microsoft UK, has been made a Dame for her services to Business, Technology and Leadership,alongside. Also receiving Damehoods are Professor Ursula Martin, an Emeritus Professor in the Mathematical Institute, University of Oxford,  Deborah Crosbie, CEO of Nationwide Building Society and Anne Glover, CEO and co-founder of Amadeus Capital Partners for her work in Engineering and Science 

    Entertainment

    Gary Oldman receives a Knighthood for Services to Drama, while Claudia Winkleman and Tess Daly both receive MBEs for services to Broadcasting.

    Chancellor of the Duchy of Lancaster, Pat McFadden, said:

    I send my congratulations to all of the recipients of this year’s Birthday Honours List, and thank them for their contributions to their communities and the country.

    If you know someone who has done something incredible, nominate them for an honour so the nation can recognise their achievements.

    Anyone can nominate someone for an honour. If you know someone who has achieved fantastic things worthy of recognition, go to https://www.gov.uk/honours to find out more about how you can put them forward.

    Updates to this page

    Published 16 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Special Report: Flowers from China’s Yunnan Bloom in Kazakhstan

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    KUNMING/ALMATY, June 16 (Xinhua) — Flowers are a universal gift that is loved to be presented on various occasions in many countries, including Kazakhstan. Flowers can be used to create a beautiful composition. A bouquet appropriate for the occasion can be given to a woman or a man, friends or colleagues and can be used to express almost any message. Give a compliment, say “thank you” or “sorry” and even propose!

    Dounan is a small town on the shore of Dianchi Lake in Kunming, Yunnan Province. But in terms of “flower territory,” it is very large. It is home to Asia’s largest fresh-cut flower market and the second largest in the world. Of Dounan’s 70,000 residents, more than 40,000 are employed in the flower industry. Every day, about 10 million fresh-cut flowers are sold here. They are exported to more than 50 countries, including Kazakhstan.

    In fact, it is not only a flower market, but also a national tourist attraction. Last year alone, millions of tourists visited it. Eustoma, roses, bush carnations, matthiola and sunflowers. You can buy all kinds of flowers here. No matter whether you like flowers or not, you can’t resist the temptation to buy them in Dounan because they are so cheap here. The price for one bunch of roses is 20 yuan (US$1.40), and for a bunch of sunflowers it is only 8 yuan (US$1.10).

    As assistant to the president of Dounan Flower Industry Corporation Wang Jinyiling said, in the 1980s, the villagers of Dounan began trying to grow flowers in their gardens. And to their surprise, they discovered that it was very economically profitable. Then everyone gradually began to follow their example. “And we needed a large enough and professional flower market to sell flowers,” she noted.

    According to her, in 1998, the Dounan Flower Market with an area of 37,333 square meters was officially put into operation. And in 2015, the industrial zone – a flower market of national importance – was officially opened. Here, in addition to traditional direct flower sales, online auctions and sales are also held. Today, Dounan is not just a collection and distribution center for flowers, but also a tourist attraction. More and more tourists come here to experience the unique flower culture of Yunnan Province.

    Zhou Tianyi runs Deruier Flowers in Dounan. Every week, the shop ships 200,000 to 300,000 fresh-cut roses to Almaty. Delivery takes just five days. “The China Flower Industry Conference is held every year. We also attend it and met many entrepreneurs from Kazakhstan there,” she said.

    “The quality of Chinese flowers is very stable now. Today, there are a huge number of flower species in China, and the excellent price-quality ratio is their great advantage. These are the main reasons why Kazakh businessmen like Chinese products very much,” said the director of Deruier Flowers.

    According to Kazakh media, citing the country’s National Bureau of Statistics, in 2024 the country imported more than 1,100 tons of fresh-cut flowers and buds from China worth $7.5 million. This is almost 13 times more than the previous year. In terms of total import volume, China has become the third largest supplier of flowers to Kazakhstan.

    There are about 220,000 flower seedling companies in China, with an annual output of more than 520 billion yuan (nearly 72.2 billion US dollars), making the country the world’s largest flower producer.

    In 2024, China’s flower import and export volume was US$782 million, up 10 percent year on year. Of which, the export volume was US$516 million, up 17.78 percent year on year. China’s flower economy has shown strong vitality. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Exclusive: “Lu Ban’s Workshop” is a major project to increase the potential of engineering education in Kyrgyzstan — Rector of KSTU

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BISHKEK, June 16 /Xinhua/ — The Lu Ban Workshop project is not just infrastructure, but a large joint project of Kyrgyzstan and Chinese university partners to enhance the potential of engineering education in the country, Rector of the Kyrgyz State Technical University (KSTU) Mirlan Chynybaev said in an interview with Xinhua.

    In October 2024, Lu Ban Workshop was officially opened in KSTU. It was jointly established by Zhejiang University of Water Resources and Hydropower, KSTU and other institutions. This workshop has laboratories and classrooms covering an area of more than 1,000 square meters, which are equipped with more than 300 pieces of equipment, including testing instruments, teaching models, electrical equipment, mechanical equipment, road and bridge equipment, etc.

    “This infrastructure allows us to improve the quality of education at our university, and our students already have the opportunity to study modern technologies,” said M. Chynybaev.

    The project, as the rector added, also includes advanced training for teachers, development of new teaching materials, holding conferences, seminars, trainings, and overview lectures with the participation of the university’s partners.

    The Rector of KSTU noted that among the main tasks facing them were increasing the engineering and technical potential in the field of hydropower, hydraulic engineering, energy, and geoinformation technologies. “All these aspects dictate the choice of appropriate partners. And on the Chinese side, we have a very good partner – Zhejiang University of Water Resources and Hydropower, which has these competencies and the most modern technologies. And together with them, we are implementing this project,” said M. Chynybaev.

    He also emphasized that industry is currently actively developing in Kyrgyzstan, especially energy, and the country is receiving a lot of investment, mainly from Chinese companies. “Thanks to investments, strategic projects are being implemented, in particular, in the energy sector, in the field of railway construction. And, of course, these projects need engineers. And within the framework of the Lu Ban Workshop project, we are training engineers,” he noted.

    According to the rector of KSTU, the project “Lu Ban’s Workshop” is not only education, but also cultural exchange. “Our students are now additionally studying Chinese. We are planning to organize internships for our teachers in China, and we also have Chinese specialists who help us in implementing this project,” said the head of KSTU.

    He also announced future plans to launch joint dual degree educational programs. “That is, students will study here for two years in their specialty and then for two years at a Chinese partner university. After completing their studies, students will receive diplomas from two universities at once. This is a good step towards integrating education and mutual recognition of qualifications,” explained M. Chynybaev.

    Speaking about the upcoming China-Central Asia summit, which will be held in Astana, the rector of KSTU expressed hope that it will give impetus to the development of scientific and technical cooperation.

    “Cooperation should develop not only in economic terms, but also in the field of education, science and technology. And we count on further financial support for joint scientific projects. We can conduct a lot of joint research,” said M. Chynybaev.

    According to him, KSTU actively participates in almost all strategic projects. “We expect to train engineers for the successful implementation of all joint projects carried out by China and Central Asia, as well as China and our country. We expect that our cooperation will continue and become even more intensive and profound,” he concluded.

    MIL OSI Russia News –

  • MIL-OSI: T1 Energy Advances $850 Million Planned 5 GW Solar Cell Plant

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas and NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) announced the selection of Yates Construction as contractor for preconstruction services and site preparations for its planned $850 million, G2_Austin 5 GW Solar Cell Facility. The project is enabled by the Trump Administration’s tariffs and other policies supporting American advanced manufacturing, jobs and energy dominance.

    The commissioners of Milam County, Texas, also unanimously voted to provide T1 Energy with a long-term tax abatement package, subject to the Company meeting or exceeding employment and investment thresholds at the facility. The facility is expected to begin producing cells by the end of 2026, and create up to 1,800 full-time jobs.

    G2_Austin is a key part of T1’s strategy to build a domestic solar and battery supply chain to provide America with scalable, reliable and low-cost energy. In combination with the Company’s fully operational G1_Dallas 5 GW Solar Module Facility, T1 plans to address unmet customer demand for U.S. solar cells and modules using TOPCon technology.

    “Solar energy is a foundational part of American power grids. Our facilities will manufacture solar cells and modules to invigorate our economy with abundant energy. We’re excited to work with Yates and Milam County to bring American advanced manufacturing to the heart of Texas and to unlock our most scalable energy resources,” said T1 Chairman of the Board and Chief Executive Officer Daniel Barcelo.

    “We look forward to working with T1 Energy and leveraging our extensive experience in advanced manufacturing facility construction,” said William G. Yates III, President and CEO of Yates Construction. “This is an exciting project, and Yates Construction is committed to being a collaborative partner throughout the execution of the project.” Yates Construction is part of The Yates Companies, Inc., one of the country’s top builders of complex construction projects.

    “We’re thrilled to welcome T1 Energy to Milam County—this partnership brings not just innovation, but the kind of high-quality, good-paying jobs that empower our local families and strengthen our community. It’s a powerful step toward a future of sustainable growth and opportunity, right here at home,” said Milam County Judge Bill Whitmire.

    T1 Energy has engaged Yates to provide preconstruction services for G2_Austin and anticipates finalizing commercial terms with the company as General Contractor. Yates joins SSOE Group which has been providing project engineering for G2_Austin since December 2024.

    About T1 Energy

    T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.

    To learn more about T1, please visit www.T1energy.com and follow us on social media.

    Investor contact:

    Jeffrey Spittel
    EVP, Investor Relations and Corporate Development
    jeffrey.spittel@T1energy.com
    Tel: +1 409 599 5706

    Media contact:

    Russell Gold
    EVP, Strategic Communications
    russell.gold@T1energy.com
    Tel: +1 214 616 9715

    Cautionary Statement Concerning Forward-Looking Statements:

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to: the success and timeline of the construction of G2_Austin and T1’s ability to manufacture solar cells and modules; any anticipated benefits of the Trump Administration’s tariffs and other policies; the ability of T1 Energy to meet the required threshold for the long-term tax abatement from Milam County, Texas; the timeline for commencement of cell production at G2_Austin and the creation of jobs in connection therewith; T1 Energy’s strategy to build a domestic solar and battery supply chain to provide America with energy; T1 Energy’s plans to address unmet customer demand for U.S. solar cells and modules and unlock the United States’ energy resources; T1 Energy’s vision and ability to bring American advanced manufacturing to the heart of Texas and to invigorate the United States’ economy with abundant energy, and bring sustainable growth and opportunity to Milam County; and finalizing the commercial terms of engagement with Yates. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in (i) T1’s annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025, and T1’s quarterly report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the SEC on May 15, 2025, (ii) T1’s post-effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024, and (iii) T1’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.

    T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1’s website in the ‘Investor Relations’ section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1’s website and social media channels on a regular basis, in addition to following T1’s press releases, SEC filings, and public conference calls and webcasts. The contents of T1’s website and its and Daniel Barcelo’s social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

    The MIL Network –

  • MIL-OSI: T1 Energy Advances $850 Million Planned 5 GW Solar Cell Plant

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas and NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) announced the selection of Yates Construction as contractor for preconstruction services and site preparations for its planned $850 million, G2_Austin 5 GW Solar Cell Facility. The project is enabled by the Trump Administration’s tariffs and other policies supporting American advanced manufacturing, jobs and energy dominance.

    The commissioners of Milam County, Texas, also unanimously voted to provide T1 Energy with a long-term tax abatement package, subject to the Company meeting or exceeding employment and investment thresholds at the facility. The facility is expected to begin producing cells by the end of 2026, and create up to 1,800 full-time jobs.

    G2_Austin is a key part of T1’s strategy to build a domestic solar and battery supply chain to provide America with scalable, reliable and low-cost energy. In combination with the Company’s fully operational G1_Dallas 5 GW Solar Module Facility, T1 plans to address unmet customer demand for U.S. solar cells and modules using TOPCon technology.

    “Solar energy is a foundational part of American power grids. Our facilities will manufacture solar cells and modules to invigorate our economy with abundant energy. We’re excited to work with Yates and Milam County to bring American advanced manufacturing to the heart of Texas and to unlock our most scalable energy resources,” said T1 Chairman of the Board and Chief Executive Officer Daniel Barcelo.

    “We look forward to working with T1 Energy and leveraging our extensive experience in advanced manufacturing facility construction,” said William G. Yates III, President and CEO of Yates Construction. “This is an exciting project, and Yates Construction is committed to being a collaborative partner throughout the execution of the project.” Yates Construction is part of The Yates Companies, Inc., one of the country’s top builders of complex construction projects.

    “We’re thrilled to welcome T1 Energy to Milam County—this partnership brings not just innovation, but the kind of high-quality, good-paying jobs that empower our local families and strengthen our community. It’s a powerful step toward a future of sustainable growth and opportunity, right here at home,” said Milam County Judge Bill Whitmire.

    T1 Energy has engaged Yates to provide preconstruction services for G2_Austin and anticipates finalizing commercial terms with the company as General Contractor. Yates joins SSOE Group which has been providing project engineering for G2_Austin since December 2024.

    About T1 Energy

    T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.

    To learn more about T1, please visit www.T1energy.com and follow us on social media.

    Investor contact:

    Jeffrey Spittel
    EVP, Investor Relations and Corporate Development
    jeffrey.spittel@T1energy.com
    Tel: +1 409 599 5706

    Media contact:

    Russell Gold
    EVP, Strategic Communications
    russell.gold@T1energy.com
    Tel: +1 214 616 9715

    Cautionary Statement Concerning Forward-Looking Statements:

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to: the success and timeline of the construction of G2_Austin and T1’s ability to manufacture solar cells and modules; any anticipated benefits of the Trump Administration’s tariffs and other policies; the ability of T1 Energy to meet the required threshold for the long-term tax abatement from Milam County, Texas; the timeline for commencement of cell production at G2_Austin and the creation of jobs in connection therewith; T1 Energy’s strategy to build a domestic solar and battery supply chain to provide America with energy; T1 Energy’s plans to address unmet customer demand for U.S. solar cells and modules and unlock the United States’ energy resources; T1 Energy’s vision and ability to bring American advanced manufacturing to the heart of Texas and to invigorate the United States’ economy with abundant energy, and bring sustainable growth and opportunity to Milam County; and finalizing the commercial terms of engagement with Yates. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in (i) T1’s annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025, and T1’s quarterly report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the SEC on May 15, 2025, (ii) T1’s post-effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024, and (iii) T1’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.

    T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1’s website in the ‘Investor Relations’ section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1’s website and social media channels on a regular basis, in addition to following T1’s press releases, SEC filings, and public conference calls and webcasts. The contents of T1’s website and its and Daniel Barcelo’s social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

    The MIL Network –

  • MIL-OSI Asia-Pac: FS to depart for Shanghai

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan tomorrow will depart tomorrow for Shanghai, where he will attend the opening ceremony and plenary session of the 2025 Lujiazui Forum.

    During his visit, Mr Chan will also witness the signing of the “Action Plan for Collaborative Development of Shanghai & Hong Kong International Financial Centres”.

    He will also attend an international exchange dinner organised by the China Finance 40 Forum.

    While in Shanghai, he will meet officials from relevant central ministries and from Shanghai, as well as economic and financial leaders from various places, to discuss strengthening co-operation and exchanges.

    Secretary for Financial Services & the Treasury Christopher Hui will also participate in the visit.

    Mr Chan will return to Hong Kong on June 18. During his absence, Deputy Financial Secretary Michael Wong will be Acting Financial Secretary. During Mr Hui’s absence, Under Secretary for Financial Services & the Treasury Joseph Chan will be Acting Secretary for Financial Services & the Treasury.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Vastrell Securities Strengthens Asia-Pacific Presence with Enhanced Localized Financial Services

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 16, 2025 (GLOBE NEWSWIRE) — Vastrell Securities (VRS), a global leader in comprehensive financial services and a wholly-owned subsidiary of Morgan Stanley, today announced an accelerated expansion plan across the Asia-Pacific region. This initiative reflects VRS’s long-term commitment to the region’s economic potential and its rapidly evolving investment demands.

    Founded in 2003, VRS has built a reputation for delivering high-value, diversified financial solutions to clients worldwide. In Asia-Pacific, VRS already operates across key markets such as Hong Kong, Singapore, Japan, and South Korea, offering services in equities, fixed income, asset management, cross-border advisory, and wealth planning.
    “Our clients in Asia are seeking more tailored, tech-driven, and strategic investment guidance,” said John T. Levine, CEO of Vastrell Securities. “We aim to integrate global best practices with localized expertise, driving smarter performance and delivering sustainable value.”
    Key highlights of the enhanced Asia-Pacific strategy include:

    1. Expanding Local Advisory Teams: VRS will enhance regional staffing with multilingual, market-savvy financial advisors to better address local investor needs.
    2. Deploying Intelligent Investment Tools: With AI-driven analytics and real-time risk management, clients gain improved trading accuracy and transparency.
    3. Accelerating ESG and Green Investment Offerings: In response to global sustainability goals, VRS will launch diversified ESG portfolios to support socially responsible investors.

    VRS expects its Asia-Pacific business to grow by over 30% in the next three years, particularly in areas such as long-term wealth structuring, retirement planning, and family office services.
    As a key strategic arm under Morgan Stanley’s global expansion plan, VRS remains committed to delivering professional excellence, client-first service, and technological innovation in one of the world’s most dynamic economic regions.

    Media Contact:

    Company name: Vastrell Securities

    Official website: https://www.vastrellsecurities.com/

    Corporate email: support@vastrellsecurities.com

    Disclaimer: This press release is provided by Vastrell Securities. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dd9ab0a0-075c-45f2-81f2-2619b3e0b099

    The MIL Network –