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Category: Business

  • MIL-OSI United Kingdom: Nuclear safeguards: AUKUS statement to the IAEA Board of Governors, June 2025

    Source: United Kingdom – Executive Government & Departments

    Speech

    Nuclear safeguards: AUKUS statement to the IAEA Board of Governors, June 2025

    Statement by Australia, the UK and the US to the International Atomic Energy Agency (IAEA) Board of Governors on IAEA safeguards and AUKUS

    Thank you, Chair.

    I take the floor on behalf of Australia, the United Kingdom, and the United States to respond to continued false claims that purposefully mischaracterize AUKUS partners’ intentions and attempt to undermine the independence, integrity, and authority of the IAEA.  

    We reiterate that this item has not been adopted as a standing agenda item by the Board and does not have consensus support among Board members. It is a distraction from the Board’s important work on other pressing issues. We support discussion of naval nuclear propulsion at the appropriate time, such as when the Director General releases reports on the topic. As we have always said, Australia’s arrangement will be referred to the Board for appropriate action guided by the DG’s technical assessment of the arrangement’s nonproliferation provisions when the time is right.

    AUKUS partners remain committed to transparency as we work to set the highest nonproliferation standard, and Director General Grossi has repeatedly expressed satisfaction with AUKUS partners’ engagement and transparency. As a demonstration of our commitment to transparency, I would like to highlight the side event held at the NPT Preparatory Committee in New York on 1 May.  AUKUS partners value sessions such as these to openly offer clarity on how we are developing the non-proliferation approach for Australia’s program, consistent with our respective international obligations.

    As we have said, when we discuss setting the highest nonproliferation standard, we are not seeking to establish a model arrangement for others.  Australia’s arrangement, once finalized, will demonstrate that it is possible to apply the highest non-proliferation standard to naval nuclear propulsion under an Article 14 arrangement in a way that will allow the IAEA to fulfill its technical objectives: verifying there has been no diversion of nuclear material, no misuse of nuclear facilities, and no undeclared nuclear material or activities in Australia. For other Member States seeking naval nuclear propulsion programs, it will be up to them to negotiate directly with the IAEA on appropriate verification arrangements based on the unique nature of the program. Although, we trust that other such Member States likewise will support a high standard and respect the integrity and independence of the IAEA.

    The commitment to a robust Article 14 arrangement was included in our countries’ legal obligations in the AUKUS Naval Nuclear Propulsion Agreement (ANNPA), including through the requirement that the United States and UK not transfer any nuclear material to Australia for naval nuclear propulsion until Australia and the IAEA have such an arrangement in place. As we have prioritized since the start of the AUKUS partnership in 2021, ANNPA, which entered into force in January, is yet another way that we are demonstrating our commitment to setting the highest standard of nonproliferation in an open and transparent manner.

    Chair,

    Some countries continue to make the same false claims about the AUKUS partnership. We have spent considerable time addressing these in the past, both here at the Board and in other venues. To be clear, AUKUS in no way involves cooperation on nuclear weapons. The AUKUS partnership is fully consistent with partners’ respective international obligations under the NPT and safeguards agreements. Again, the transfer of nuclear material under the AUKUS partnership will only proceed once we can ensure it is done in a manner consistent with the highest nonproliferation standard.

    We will continue our open and transparent approach, including by providing an update under Any Other Business, and will engage in good faith with Member States on genuine questions as we continue to develop our partnership.

    Thank you, Chair.

    Updates to this page

    Published 12 June 2025

    MIL OSI United Kingdom –

    June 13, 2025

  • MIL-OSI Europe: Frank Elderson: What good supervision looks like

    Source: European Central Bank

    Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the 24th Annual International Conference on Policy Challenges for the Financial Sector

    Washington DC, 12 June 2025

    It’s a pleasure to be here with you today. The theme of this conference – harnessing regulatory standards to empower supervision – is not only timely, but also central to how we think about the future of prudential oversight. Across jurisdictions, supervisors are rethinking how best to align regulation and supervision: making them more targeted, more agile in addressing today’s risk landscape and more efficient, all while remaining effective and credible.

    At the same time, a broader debate is emerging – about whether supervisory authorities have taken on too much, whether the expectations placed on banks have grown too great, and whether more restraint might now be warranted. This debate touches on core questions about the scope, the approach and the limits of supervision.

    In this context, it is worth taking a step back and revisiting some of the foundational principles that shape how we think about our role. The principles that are well established in the work of the Basel Committee on Banking Supervision, the Financial Stability Board (FSB) and the International Monetary Fund (IMF) are widely adopted by supervisors around the world.

    It is with these principles that I would like to begin.

    Widely held views on the proper scope of supervision

    Good supervision begins with clarity about our role.

    There is broad consensus – and rightly so – that banking supervision must remain anchored in a clear and limited mandate. Supervisors are not political actors. It is not their task to advance broader social or environmental objectives or, for that matter, any political goals unrelated to financial stability.

    They are not there to take control of banks or to substitute their judgement for that of banks’ senior management.

    They are not there to steer credit towards or away from any particular sectors or customers based on political or social preferences.

    They are not there to police business models based on popularity or public sentiment.

    Supervisors’ responsibility is to ensure that the institutions they oversee remain safe and sound so they can support the real economy in both good and bad times.

    This means that the supervisory function must remain focused. Its role is to assess whether banks have sufficient capital and liquidity, whether they are adequately identifying and managing material financial and non-financial risks, and whether they have the capacity to absorb losses and continue to remain resilient under a range of scenarios

    And we must recognise the limits of supervision[1]. A well-functioning financial system also crucially hinges on market discipline where Investors and creditors must bear the consequences of risk decisions, for instance through bail-in. If supervision were expected to prevent all failures, it could become overly intrusive, unduly conservative and ultimately ineffective.

    These principles – a clear mandate, focus and institutional discipline – are widely accepted as the foundation of prudential oversight. They serve as guard rails against overreach and politicisation.

    What banking failures have taught us about risk boundaries

    The principles I just outlined are generally accepted. They form the bedrock of modern prudential supervision. But what we are seeing today is the tendency of some to interpret those principles narrowly – to argue that supervision must confine itself strictly to balance sheet metrics and refrain from probing deeper into the qualitative foundations of a bank’s risk profile.

    Such an approach would run counter to the direction supervisors have taken, with good reason, in the years since the global financial crisis. Such a constrained view of supervision risks making the banking system less safe, not more. It could elevate form over substance, delay intervention until consequences have materialized, and dismiss the early warning signs that rarely appear in quantitative metrics alone.

    In truth, the supervisory community has spent the past 15 years broadening its field of vision, from a narrow lens focused on capital and liquidity to a wide-angle view that encompasses a broader concept of resilience. This broadening of vision was not a coincidence – it was developed based on the painful lessons of past crises.[2] We have learned – often the hard way – that safety and soundness cannot be assured by compliance with minimum capital requirements alone. We have seen that institutions can meet all formal thresholds while concealing deep-seated governance failures, weak risk cultures and flawed assumptions about their operating environment. Failures are often rooted in unresolved qualitative weaknesses, such as poor governance and flawed business models, that go unaddressed until too late, despite compliance with capital and liquidity requirements.[3]

    As a result, supervisory effectiveness has come to increasingly depend on the ability to identify and address these underlying drivers of risk. These insights have not led to a broadening of the supervisory mandate, but to a more focused understanding of how that mandate must be exercised in practice. Where risk arises – whether in capital and liquidity, governance or internal control functions – it falls squarely within the scope of prudential oversight.

    What safety and soundness actually require

    To take safety and soundness seriously is to recognise that resilience depends on more than capital ratios or liquidity buffers. Over the past decades, after carefully looking at the root causes of various banking crises, supervisors have adopted a broader view on banks’ resilience beyond financial metrics. Governance and risk culture, operational resilience and structural risk drivers such as climate-related risks now form an indispensable component of the Basel Core Principles for effective banking supervision – the gold standard of supervisory practice around the globe.[4] The Core Principles are a playbook that supervisors across the world follow when adopting and assessing their own supervisory rules.

    Governance and risk culture

    Let me start with governance. Supervisory experience consistently shows that weaknesses in governance and risk management are not secondary concerns – they are among the most common root causes of prudential failures.

    Although Northern Rock, Lehman Brothers, Silicon Valley Bank and Credit Suisse failed for different reasons, they shared a common underlying weakness: fundamental failures in internal governance, risk culture and risk management.[5] Time and again, it is governance failures that allow underlying risks to build up unchecked until they manifest in capital and liquidity. In that sense, weak governance is often the earliest and most reliable warning sign that an institution is heading for trouble.

    The conclusion is clear: governance, risk culture and sound risk management are not peripheral issues. They are at the core of prudential oversight. They affect the quality of strategic decisions, the timeliness of remediation and, ultimately, the soundness of banks.[6] Weakening supervisory attention to governance would mean overlooking a key driver of both success and failure. As governance is often the root cause, it is neither effective nor efficient to focus only on the symptoms of risk while ignoring what lies beneath.

    Operational resilience

    The same goes for operational resilience: in an environment marked by rising cyber threats and technology disruptions, financial strength alone is no longer sufficient to ensure that banks can continue serving their customers without interruption.

    Recent episodes have made this clear. For example, Amsterdam Trade Bank (ATB) – a Dutch bank owned by a Russian parent – was not under stress due to capital or liquidity issues. But when international sanctions were imposed in response to Russia’s invasion of Ukraine, ATB abruptly lost access to its IT systems, which were run by third-party providers. Lacking sufficient contingency arrangements, it could no longer operate. Despite being financially sound, the bank was forced to shut down – a stark illustration of how operational fragility can lead to failure.

    Encouragingly, supervisory frameworks have responded accordingly. Operational resilience and cyber risks are now at the heart of the work of the Basel Committee, the FSB and many supervisors around the globe.[7]Operational resilience is also a priority area for European banking supervision. For instance, the ECB is conducting targeted reviews of banks’ cyber risk preparedness, outsourcing governance and operational continuity planning. The Digital Operational Resilience Act (DORA), which became applicable in the EU earlier this year, will help further boost operational resilience as it provides a robust framework that requires banks to foster a culture of continuous IT and cyber risk management.[8]

    Structural risk drivers

    Certain external risk drivers have a direct impact on the traditional risk categories in the prudential framework. Two such drivers – climate and nature-related risks and geopolitical risks – have therefore become increasingly relevant to banking supervision around the world. But they are not new categories of risk. Rather, they are risk drivers, operating through established channels – credit, market, operational, liquidity, legal and reputational – and influencing the scale, distribution and dynamics of risks on banks’ balance sheets.[9]

    Thanks largely to the pioneering work of the Central Banks and Supervisors Network for Greening the Financial System (NGFS), climate-related risks now feature prominently in the work programmes of major international standard-setting bodies such as the Basel Committee, the Committee on Payments and Market Infrastructures and the FSB. The NGFS has now grown to 145 central banks and supervisors from around the world who all acknowledge that climate-related risks are a relevant driver of financial risk and therefore fall squarely within the mandate of supervisors.[10]

    Physical risks such as extreme weather events like floods, droughts and forest and city fires can damage companies’ production facilities and people’s homes. This can affect loan repayment capacity which, in turn, can lead to higher credit risk for the bank that provided the loan. Transition risks – driven by changes in regulation, technology or market preferences – can result in stranded assets and expose banks to litigation or reputational harm.[11]

    We can already see the effects of the twin climate and nature crises: think about the devastating fires in Los Angeles leading to damages estimated at hundreds of billions of dollars. Remember the floods in the Spanish region of Valencia resulting in around €17 billion worth of damage or the heavy rains in Slovenia that washed away 16% of the country’s GDP.

    So when I see devastating floods like those in Slovenia or Spain, or wildfires like those in Los Angeles as a supervisor I see risk increasing. As a supervisor I see collateral being washed away or going up in flames.

    So, crucially, climate and nature-related risks are not a policy objective for supervision. They are a risk driver that influences the scale and shape of exposures across all major risk categories in the Basel framework. Ignoring them would mean failing to account for a material determinant of financial soundness. Ignoring them, therefore, would be a very political thing to do.

    Another example of a structural driver of traditional risk categories are geopolitical events. Their probability distribution is not straightforward due to a lack of historical data, and they often interact with existing vulnerabilities in ways that defy linear stress assumptions. Consequently, European Banking Supervision has taken steps to make sure are resilient to these risks[12].

    Global guidance on effective supervision: the role of the IMF and the Basel Committee

    Much of what we now consider to be established supervisory practice has been shaped by the consistent contributions of institutions like the IMF and the Basel Committee. Their work has helped clarify the foundations of effective supervision and provided the analytical tools to respond to evolving risk environments. The IMF and the World Bank have played a critical role in advancing supervisory thinking and practice in both developed and developing economies. Through their Financial Sector Assessment Program (FSAP), they have provided policymakers in these countries with structured, comparative evaluations of supervisory frameworks and, perhaps more importantly, concrete recommendations to improve the effectiveness of their regulatory and supervisory frameworks. These assessments offer a rare combination of technical depth, candour and cross-jurisdictional perspective. FSAPs challenge complacency, encourage alignment with international standards and good practices, and highlight structural gaps that may not be visible from within.

    More specifically, in the context of the EU, the IMF played a pivotal role during the euro area crisis by identifying the most pressing institutional and governance shortcomings that needed to be fixed. Ultimately, the creation of the banking union, with a common resolution framework and a single supervisor, addressed many of the deficiencies that IMF reports had clearly identified. Crucially, the IMF’s credibility, grounded in the rigour of its analysis, helped galvanise the political will needed to act – strengthening both Europe’s financial architecture and the European project as a whole.

    The second euro area FSAP is currently being concluded. We look forward to engaging with the IMF’s assessment of banking supervision in the euro area and its recommendations for further improving our practices. The first euro area FSAP, which was completed in 2018, resulted in a number of important recommendations in areas such as the governance of European banking supervision, the harmonisation of national legislation and the supervision of liquidity risk. These recommendations helped raise the bar in terms of how we supervise European banks.

    In recent years, the IMF’s work on supervisory culture and effectiveness – including the paper “Good Supervision: Lessons from the Field”[13] – has further improved our understanding of what makes supervision work in practice. It underscores the importance of a clear mandate, operational independence, timely intervention, and sound internal governance within supervisory authorities themselves. What makes this work particularly valuable is that it draws on the IMF’s experience across a wide range of jurisdictions, bringing together practical lessons from different supervisory contexts.

    Together, the IMF and the Basel Committee have provided both external discipline and internal structure. They have helped ensure that supervisory frameworks evolve in a way that is coherent, risk-sensitive and globally aligned. In doing so, they have contributed significantly to the stability and credibility of the post-crisis supervisory landscape.

    Five pillars of good supervision

    It is now widely accepted that supervision must consider a wider range of risk factors – including governance, operational resilience and structural risk drivers. This has been the consensus for some time, and recent events have only reinforced it. But with this broader scope comes a responsibility to maintain operational discipline. Supervision must remain risk-focused, calibrated and effective.

    In this context, a growing international consensus around five core supervisory pillars has emerged. These pillars provide a practical foundation for supervision that is both risk-sensitive and institutionally grounded.

    1. Risk-based and forward-looking

    Supervision must focus on the risks that matter most. That means identifying vulnerabilities before they materialise and assessing whether banks can remain resilient under adverse but plausible scenarios.

    This includes risk areas that may be sensitive in some jurisdictions. Climate and nature-related financial risks, for instance, should be assessed not because of their policy implications, but because they are material drivers of credit, market, operational, legal and other types of risk. Concealing them will not make them disappear. And ignoring them will not make them less of a threat. Risk-based supervision therefore does not differentiate between risks on the basis of political tides. It addresses material risks to make sure that banks remain safe and sound.

    2. Judgement-based and engaged

    Effective supervision relies not just on facts, figures and fundamentals, but also on professional judgement applied with independence. Supervisors must be close enough to understand the bank’s risk environment yet far enough to challenge management assumptions where needed.

    This involves connecting data points across silos, probing for root causes rather than symptoms, and escalating issues promptly when risk management responses fall short. Supervision is not passive monitoring – it is active, structured and engaged oversight, compelling banks to improve where necessary.

    3. Independent and accountable

    Supervisors must be operationally independent in order to challenge the banks they oversee – including on sensitive or strategic issues. Independence must be matched by accountability. This means being transparent about the reasons for decisions, open to scrutiny and prepared to explain both action and inaction.

    It also means learning from times when intervention was insufficient or too slow. The credibility of the supervisory function depends on public trust, and that trust rests on a clear sense of institutional responsibility: the willingness to own decisions, acknowledge missteps and continuously improve the way the supervisory mandate is fulfilled.

    4. Calibrated and consistent

    Supervision must be tailored to the size, complexity and risk profile of the bank – but with consistent expectations across the system. Smaller banks are subject to less frequent scrutiny, but not to lower prudential standards.

    Consistency also means applying expectations in a comparable way over time and across supervisory teams and jurisdictions.

    5. Action-oriented and enforceable

    Supervision must lead to change where change is needed. Supervisors need not only the analytical capacity to detect risk, but also the powers, ability and willingness to act to make sure that findings are addressed in a timely manner. The turmoil of March 2023 underscored the cost of delay when known weaknesses remain unresolved.

    A structured escalation framework is essential. Supervisors must define proportionate and time-bound remediation paths – and be prepared to move from moral suasion to enforcement with formal, legally binding requirements when necessary. For example, in our experience within European banking supervision, supervisors often identify issues that banks themselves recognise and address promptly. In such cases, moral suasion works well, and the matter is resolved quickly and constructively. But there are times when moral suasion alone is not enough – or only proves effective because banks are aware that supervisors also have more intrusive tools available.

    Legal risk must be assessed, but must not be used as an excuse for inaction. Supervisory decisions must be defensible – and where challenged, they must be upheld or clarified through institutional processes and where annulled due to a different judicial interpretation of the law, lessons are drawn from that experience. A functioning enforcement culture is essential for timely remediation and systemic resilience. Supervisors should not shy away from using all the tools at their disposal – even the more severe tools – if necessary.[14]

    Taken together, these five pillars provide a coherent model for effective supervision in a complex and fast-changing financial environment. They enable supervisors to address the full range of material risks while maintaining predictability and institutional discipline.

    This is not about expanding the supervisory mandate. It is about delivering on the mandate in a way that reflects the realities of modern banking and the expectations of those we serve.

    Supervision and simplification

    The theme of this conference – harnessing regulatory standards to empower supervision – captures a central challenge for all supervisory authorities: how to ensure that regulation and supervision work in concert, not at cross purposes. Across the supervisory community, there is growing momentum to simplify regulatory and supervisory processes. This reflects both external expectations – including calls to reduce the administrative burden – and internal recognition that supervisory efficiency is essential to credibility.

    At the ECB, we are actively working to make our own supervisory processes more targeted, streamlined and risk-focused.[15] Simplifying supervisory processes is not only compatible with effective supervision – it is a precondition for sustained effectiveness in a more complex and resource-constrained environment.

    At the same time, simplification needs to be understood in its proper context. A more efficient supervisory process does not imply a higher tolerance for unresolved risk. It does not mean overlooking persistent deficiencies, delaying action or avoiding the use of intrusive tools when they are warranted. Risk-based supervision requires prioritisation – but prioritisation must not become passivity.

    To that end, the ECB is taking practical steps to make supervision more efficient and focused. We have streamlined our core processes so that supervisors can concentrate on the most important issues and give banks clearer, earlier guidance.[16]

    But simplification must not mean reduced vigilance. It requires a supervisory mindset that empowers individuals to exercise judgement, to make decisions and to feel confident in doing so. When risks are identified and remediation is slow or insufficient, supervisors must be prepared to act in a timely manner, using the full range of tools available.

    Simplification and strong supervision are not contradictory. In a changing political and financial environment, maintaining the right balance between them will be critical. When properly aligned, they enable a supervisory model that is both efficient and effective – capable of adapting to new risks, while upholding public confidence in the stability of the system.

    Conclusion

    Let me conclude.

    Over the past two decades, supervision has adopted a more comprehensive view of banks’ resilience. This progress has not been accidental. It has been driven by the experience – at times costly and painful – that financial resilience alone does not reduce the likelihood of banks failing. Prudential oversight must therefore also cover the structural and behavioural factors that affect banks’ resilience.

    Today, that progress is being questioned. Some argue that supervision has adopted a too broad view. That the best course of action would be to narrow the scope, defer more to market incentives and lighten supervisory intervention. These arguments often invoke restraint – but in practice, they risk taking us back to a model that proved insufficient.

    The task now is not to do more for the sake of doing more. Nor is it to step back in the name of simplicity. The task is to act decisively and proportionately on the risks that matter. To maintain a supervisory approach that is clear, consistent and enforceable. And to ensure that simplification leads to sharper focus – not diminished resolve.

    Let us therefore ensure we do not allow the lessons of past crises to disappear in the rear-view mirror.

    Let us resist the temptation to lower the guardrails, thinking that “this time will be different”, the phrase so poignantly coined in Reinhart and Rogoff’s “Eight Centuries of Financial Folly”.[17]

    Let us, for once, avoid such folly and sidestep that all-too-attractive trap.

    Thank you for your attention.

    MIL OSI Europe News –

    June 13, 2025

  • MIL-OSI Security: Nevada Woman Sentenced to 120 Months for $7 Million Advance Fee Ponzi Scheme and Obstructing the Government’s Investigation

    Source: US FBI

    CAMDEN, N.J. – A Nevada woman was sentenced to 120 months in prison for orchestrating a $7 million advance fee Ponzi scheme and obstructing the government’s investigation, U.S. Attorney Alina Habba announced.

    Anna Kline, formerly Jordana Weber, 35, of Sparks, Nevada, previously pleaded guilty before U.S. District Judge Christine P. O’Hearn in Camden federal court to two counts of an Indictment charging her with wire fraud. Judge O’Hearn imposed the sentence in Camden federal Court. Kline was also ordered to serve three years’ supervised release and pay $3,403,000 in restitution.

    According to the Indictment and documents filed in this case and statements made in court:

    The Fraud Scheme

    Between April 2017 and July 2019, Kline owned and operated several shell companies that falsely purported to offer lending services to customers, typically small business owners seeking high value loans, often in excess of $100 million.  As part of the scheme, Kline required the victim borrowers to pay up to 5% of a potential total loan amount as a “fee” prior to the loan being funded.

    After the victim’s “fee” was paid, Kline purported to conduct due diligence on the loans. During this period, Kline frequently gave victims bogus explanations for why the funding of their loan was delayed. It was also common for the victims to be provided with falsified or fraudulent documents, including bank statements that purported to show that the shell companies had sufficient money to fund the loan.

    Throughout the scheme, Kline and her significant other, Jason Torres, used the “fees” paid by the victims for their daily living expenses, as well as for numerous lavish purchases, which included several luxury vehicles, high priced artwork, and vacations.  The “fees” were also used to pay back previous victims of the fraud, in the manner of a traditional Ponzi scheme.

    At least six victims transferred a total of approximately $7 million being transferred to bank accounts controlled by the Kline as a result of the scheme.

    Kline’s Obstruction

    Kline was arrested on charges related to the fraudulent advance fee scheme in July 2019. While released on bail on those charges, Kline, through her then-attorney, Attorney-1, provided the Government with a .pdf document that purported to be a portion of a Cellebrite report showing iMessages between Kline and Torres that appeared to show Torres making threats toward Kline and insinuating that Torres was primarily responsible for the fraudulent advance fee scheme.

    A forensic review of the .pdf document Kline provided to the Government revealed that it had been falsified.  Further investigation revealed that Kline presented the fake Cellebrite report to a Family Court in California as part of a custody dispute between Kline and Torres.  During that hearing, Kline represented that the report had been generated by a forensic examiner named “Drew Andrews.”  Investigation revealed that “Andrews” did not exist but was actually an alter-ego of Kline’s that Kline used to deceive the California Family Court, Attorney-1, and a forensic expert into believing that the fraudulent Cellebrite Report was legitimate.

    In addition to the fraudulent Cellebrite report, Kline also provided the Government a computer that she claimed contained an iTunes backup that included the alleged text messages from Torres.  A forensic review of the computer revealed that data on the computer, including the iTunes backup, had been manipulated. Specifically, certain time stamps on the computer had been changed to make it appear as if the iTunes backup and other files stored on the computer were created in April 2020, when the fictional “Andrews” purportedly ran the fraudulent Cellebrite Report.

    U.S. Attorney Habba credited special agents of the Federal Bureau of Investigation, under the direction of Acting Special Agent in Charge Terence G. Reilly, with the investigation leading to the sentencing.

    The government is represented by Assistant U.S. Attorney Andrew Kogan of the U.S. Attorney’s Cybercrime Unit in Newark. 

                                                                           ###

    Defense counsel:

    Michael Huff, Esq., Philadelphia, PA

    MIL Security OSI –

    June 13, 2025

  • MIL-OSI Security: NATO Deputy Secretary General addresses the Brussels Forum on Transatlantic Defence

    Source: NATO

    On Wednesday (11 June 2025) at the Brussels Forum, NATO Deputy Secretary General Radmila Shekerinska underlined the relevance of the transatlantic bond throughout the Alliance’s 75 year history.

    In a session titled “Transatlantic Defence: Who Pays? Who Acts?,” moderated by Claudia Major, Senior Vice President of the GMF, the Deputy Secretary General emphasised that European and US defence efforts must remain transatlantic and complementary. In addition, Ms Shekerinska highlighted that European Allies and Canada are “taking more responsibility and this will make the Alliance a more formidable military partnership.”

    She outlined that the upcoming Summit in the Hague will create the grounds for a stronger, better, fairer and even more lethal NATO.

    The Brussels Forum is an annual event organised by the German Marshall Fund (GMF) of the United States. The Deputy Secretary General participated in an on-stage conversation with other panellists, including  Andrius Kubilius, Commissioner for Defence and Space at the European Commission, Maria Malmer Stenergard, Swedish Minister for Foreign Affairs and Nadia Calviño, President of the European Investment Bank.
     

    MIL Security OSI –

    June 13, 2025

  • MIL-OSI Security: Justice Department Files Lawsuit to Stop New York’s Unlawful “Protect Our Courts Act” from Obstructing Immigration Enforcement

    Source: United States Attorneys General 10

    WASHINGTON – On Thursday, the United States filed a complaint against the State of New York, challenging state policies that blocked immigration officials from arresting individuals at or near New York courthouses. Specifically, the complaint challenges a law, called the Protect Our Courts Act, that purposefully shields dangerous aliens from being lawfully detained at or on their way to or from a courthouse and imposes criminal liability for violations of the shield. This law and accompanying polices violate the Supremacy Clause of the U.S. Constitution because they obstruct the execution of federal immigration authorities.

    “Lawless sanctuary city policies are the root cause of the violence that Americans have seen in California, and New York State is similarly employing sanctuary city policies to prevent illegal aliens from apprehension,” said Attorney General Pamela Bondi. “This latest lawsuit in a series of sanctuary city litigation underscores the Department of Justice’s commitment to keeping Americans safe and aggressively enforcing the law.”

    New York’s law comes after Executive Order 10866, Declaring a National Emergency at the Southern Border, which directs the Department of Homeland of Security to issue guidelines for the safe and effective enforcement of immigration laws around the country, specifically at or near courthouses. As is true in all types of law enforcement, conducting an arrest at or near a courthouse often reduced the risk of flight and potential safety risks to the public, law enforcement officers, and targets themselves due to the enhanced security screenings in place at courthouses. New York’s law runs counter to common sense and endangers communities by eliminating safe places for law enforcement officers to act.

    As explained in the complaint, filed by newly confirmed Assistant Attorney General Brett Shumate, “Through these enactments, New York obstructs federal law enforcement and facilitates the evasion of federal law by dangerous criminals, notwithstanding federal agents’ statutory mandate to detain and remove illegal aliens.”

    This is the latest in several lawsuits the Department of Justice has filed challenging state interference with immigration enforcement. In May, the Department sued several New Jersey cities who had enacted sanctuary policies.

    Read the full complaint HERE.

    MIL Security OSI –

    June 13, 2025

  • MIL-OSI Global: The big Musk v Trump break-up: what the polls say about who the public thinks won

    Source: The Conversation – UK – By Paul Whiteley, Professor, Department of Government, University of Essex

    Many people thought that the close relationship between Donald Trump and Elon Musk would end badly, since they both have the hubris that comes from success and power. One is arguably the most powerful politician in the world and the other the richest man.

    That said, most people were not prepared for the rapid breakdown in their relationship and the slanging match that took place after Musk spectacularly fell out with the US president. This was magnified by the fact that both have their own influential social media sites (X and Truth Social) and so the divorce was very, very public.

    More recently Musk has rowed back on the comments he made about Trump after leaving his role as a “special government employee” of the administration, and says he went “too far”. But Trump might have a long memory for grievances, so it remains to be seen if the relationship can be patched up.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    What do the American people think? The chart below shows the percentage of respondents with favourable and unfavourable opinions of Trump and Musk in the most recent US Economist/YouGov poll completed on June 9 after the row blew up.

    It is clear that the most people think that Trump won the contest, giving him a favourability gap (% favourable minus % unfavourable) of minus 10% compared with Musk’s gap of minus 23%.

    What Americans think of Trump and Musk after their row:


    Author’s graph based on Economist polling., CC BY-SA

    The demographics of these favourability judgements are particularly interesting. After the row, around 49% of men thought favourably of Trump, compared with 38% of women, continuing a trend that shows more male than female support for the president. But the gender gap for Musk is even wider with 43% men and only 27% women having a favourable view of the billionaire, making the gap 11% for Trump and 16% for Musk.

    Another interesting demographic is age. Some 35% of 18-to-29 year olds favour Trump (the lowest number of any age group), compared with 30% who favour Musk. The equivalent figures for the over 65s are 45% favouring Trump and 37% Musk. The age divide is wide, with young Americans disliking both more than older Americans, but it is not as wide as the gender gap.

    The income figures and attitudes to both are surprising. A total of 38% of those with incomes less than US$50,000 (£36,700) a year favour Trump, compared with 51% of those with incomes between US$50,000 and US$100,000. The surprise is that only 42% of those with incomes greater than US$100,000 favour Trump, making affluent Americans closer to the low-income group than to the middle-income group in attitudes to the president.

    The equivalent figures for Musk are 32% favourable in the US$50,000 group, 39% in the US$50,000 to US$100,000 group and 36% in the US$100,000+ group, which gives a similar picture.

    If we look at the voting record of the survey respondents in the presidential elections last year, 86% of Trump voters still have a favourable view of him, compared with only 5% of Harris voters. In comparison 67% of Republican voters are favourable to Musk, compared with 10% of Democrats. Equally, 81% of Conservatives favour Trump compared with 67% who favour Musk.

    Looking at the overall picture Musk is the loser in the row as far as the American public are concerned, and this may in part explain his apparent contrition.

    The price of Tesla shares (US$) since the presidential election:


    Author’s graph based on data from Yahoo finance., CC BY

    Overall though, Trump has been gradually losing support on his job approval since the election and the polling shows that 43% of respondents approve and 52% disapprove of his performance as president.

    We don’t have equivalent figures for Musk, but if we take the stock market price of Tesla shares as a guide to his approval ratings this has declined rapidly over time as the chart shows. On December 17 last year the price was US$480 (£353) per share, compared with US$332 per share on June 11 2025. This represents a fall of about 30%. The dramatic dip at the end of the series is an indicator of how markets have reacted to the spat between them.

    Following his public break-up with Trump, Musk’s other major company, Space X, is also likely to face fallout. It is a private company and so does not have a share price, but it is heavily dependent on contracts from the US government to keep going. It seems likely that the flow of contracts for space projects is likely to dry up following the row with Trump, as the president has suggested.

    Overall, Musk has paid a heavy price for becoming such a visible Trump supporter and subsequently falling out with him. And, so far, the public appears to be on Trump’s side.

    Paul Whiteley has received funding from the British Academy and the ESRC.

    – ref. The big Musk v Trump break-up: what the polls say about who the public thinks won – https://theconversation.com/the-big-musk-v-trump-break-up-what-the-polls-say-about-who-the-public-thinks-won-258841

    MIL OSI – Global Reports –

    June 13, 2025

  • MIL-OSI Global: How to Train Your Dragon: refreshed visuals don’t save this remake’s hackneyed American exceptionalism

    Source: The Conversation – UK – By Sarah Louisa Bowen, Head of Animation at the Northern Film School, Leeds Beckett University

    The original DreamWorks animated feature film, How To Train Your Dragon, was released in 2010 to widespread critical acclaim. Praised for its innovative 3D animation, emotional depth and stunning flying sequences, spectacle converged with identity, inclusion and a story of generational change that adhered to a reassuringly traditional narrative structure. Fifteen years later, in a world more politically fractured, the live-action remake has been released.

    The original film confidently mastered the uncanny valley issues of early 3D animation. This new live-action version builds on its success and presents a spectacular photo-realistic fantasy world.

    Hyper-real flight sequences offer immersion in ways that have appealed to audiences since the inception of cinema when phantom rides simulated the thrill of speed and continuous movement from a first person perspective.

    There are references to other films throughout, including Titanic (1997), Saving Private Ryan (1998) and the Alien and Harry Potter franchises. But even with its extensive use of CGI and visual effects, the differences between the live-action and animation are not as pronounced as might be expected in films made 15 years apart.

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    Significant differences are apparent when it comes to the characters, however. The 2025 reinterpretations of Hiccup (Mason Thames), Astrid (Nico Parker) and Stoic (Hiccup’s father, played by Gerard Butler) seem less nuanced than the original versions. With animated characters, the audience accepts a stylised story world and character motivation more readily. But translated to live action, their motivations now feel as though they turn on a sixpence. As such they come across more as narrative devices than psychologically developed characters.

    The story centres on a young Viking named Hiccup. He looks older here than the original animated 15-year-old, but like most heroes heading off for a rite of passage, he is still awkward, cerebral and caught in the space between boyhood and an adult masculinity.

    Hiccup is expected to kill a dragon as his initiation into adulthood. Instead, he bonds with the fearful Night Fury Dragon (which he names Toothless), and relates to the creature’s feelings of exclusion. This furthers his understanding of the creature he has injured and leads him to question the beliefs of his community.

    The trailer for How to Train Your Dragon.

    When Hiccup reaches out (a moment of welcome respite in the relentless musical score) to Toothless, the most feared dragon, becomes puppy-like with exuberance, gratitude and goodwill. This underlines the film’s themes of empathy over power and a vision for a world that is remade through connection. As such, Hiccup’s mastery of Toothless, through mutual trust and consent, belongs to a cinematic lineage of children and their animal companions.

    American exceptionalism

    The film begins with an introduction to the village of Berk that is under aerial bombardment from dragons. The plucky island community endures the raids with a grit and stoicism that is reminiscent of cinematic representations of the British during the blitz.

    If the dragons are stand-ins for the German Luftwaffe Messerschmitt, then Toothless is all RAF Spitfire. The aerial combat takes a new direction when the attacking dragons are revealed to be controlled by tyrannical alpha dragon, The Red Death.

    The voice casting of the villagers distracts from the action, however. The established Viking community is represented by a range of identities. All the adults speak with British accents while their children, the future inheritors, have an American lilt.

    Tradition versus modernity is one of the themes of the film.

    The implication is that the old Viking community is blinkered by tradition while the American youths represent modernity through reason and inclusion. This hackneyed trope of a traditional community stuck in the past until the Americans drive progress remains in this live-action version. It contradicts the film’s themes of inclusion and understanding by perpetuating an American exceptionalism that resonates with cultural shifts in the aftermath of the second world war.

    As such, the choice of accents is not merely a concession to the market but a continuation of the cultural hegemony of US war narratives. Even though the Battle of Britain was mostly a British, European and Commonwealth effort, it’s the legacy of the Eagle Squadrons, those rule-breaking Americans, who are alluded to here.

    This live-action version of How To Train Your Dragon is therefore refreshed in its visuals only. The dreams, cultural anxieties and post-war allusions remain. The question then is this: after Trump’s reshaping of America’s relationship with the UK and Europe, is a second world war meta-narrative still going to fly?

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

    – ref. How to Train Your Dragon: refreshed visuals don’t save this remake’s hackneyed American exceptionalism – https://theconversation.com/how-to-train-your-dragon-refreshed-visuals-dont-save-this-remakes-hackneyed-american-exceptionalism-258496

    MIL OSI – Global Reports –

    June 13, 2025

  • MIL-OSI Global: A school prom isn’t just a party – it can equip teens with life skills

    Source: The Conversation – UK – By Julie Tinson, Professor of Marketing, University of Stirling

    Pixel-Shot/Shutterstock

    The high school prom, an American institution, has now been a mainstay in UK culture for over 25 years. A prom heralds the end of exams and the end of school altogether – and the beginning of a new chapter of life. It’s an opportunity for teens to dress up in glamorous dresses and smart tuxedos, and maybe arrive in style in the back of a limo.

    It’s an adolescent ritual that might be seen as a one-off, frivolous event. But a prom is much more important than that.

    The research for our forthcoming book chapter has shown that organising and attending proms build teenagers’ leadership skills, creativity, practical and life skills, as well as social and emotional skills. It also boosts positive emotions, such as enthusiasm and pride: something teenagers emerging from a gruelling summer of exams need.

    For teens involved in organising the event, there is scope to develop leadership skills. Making group decisions about where to hold the event and how to fund it requires bargaining with other organising committee members, as well as reasoning with fellow students and navigating school rules.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    Trying to please everyone, including teachers, parents and host venues can be a steep learning curve. And dealing with disappointment when compromise is required is an important life skill.

    For teenagers with limited involvement in organising the event, attending prom can still help boost their learning. Having a party to look forward to can increase teens’ diligence and commitment to their schoolwork as they revise for their exams. Some schools capitalise on this by offering “passports” to prom. This scheme could involve students earning a free ticket to prom by attending a set number of revision classes.

    Emerging adult selves

    Prom is more than an opportunity for dressing up. Teenagers can also use this event to present a new or altered self, using a coming-of-age celebration as a platform to convey who they are or who they want to be. In some cases, this can involve young people making their own clothing and accessories. Such types of activity afford practical and life skills.

    And any prom look requires organisation: budgeting, researching what’s available. Finances, limited or otherwise, may constrain or restrict choice and result in problem solving or trade-offs. As the high school prom occurs within a particular time frame, time management and the (online) ordering of products can contribute – or not – to the success of a desired prom outfit.

    Friends are keen to share their prom experience with others, but attending the high school prom can be prohibitively expensive. Our research has shown that in these situations, teens can develop their social and emotional skills as well as effectively communicating and negotiating with school staff in more equal, adult ways than they may have before.

    Some teenagers create their own prom looks.
    MJTH/Shutterstock

    For example, some teens in our research secured their friend’s attendance at prom by buying her a dress for her birthday and asking their teacher if she could have her prom ticket for free.

    There remains opportunity to use the high school prom as means to develop a wider range of diverse skills. Equality, diversity and inclusion could be better embedded in prom activities to make them accessible to all, and teenagers can be part of this. To ensure widening participation, creating high school proms that reflect a range of cultures and identities could further enhance learning opportunities for those taking part.

    High school proms involve not only teenagers but also their families, friends and the wider community. Schools especially have an important role to play in this coming-of-age celebration, often going further than simply supporting its organisation. Teachers, for example, can help facilitate the supply of dresses and other resources to guarantee inclusion at this end of school celebration, ensuring that those who want to attend this event can do so.

    Our research shows that teenagers actively participate in a learning journey while preparing for this ritual and develop life skills that they can build on in work, further education and volunteering. A high school prom is more than just one night to remember.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. A school prom isn’t just a party – it can equip teens with life skills – https://theconversation.com/a-school-prom-isnt-just-a-party-it-can-equip-teens-with-life-skills-254532

    MIL OSI – Global Reports –

    June 13, 2025

  • MIL-OSI Video: UK How can we protect young people online? | Inside Lords Questions

    Source: United Kingdom UK House of Lords (video statements)

    Did you catch our latest highlight from Lords questions?

    Members pressed the government on its plans to protect young people from online harms. In this new episode of Inside Lords Questions, we catch up with Baroness Berger to hear why she raised the issue and what action she wants to see the government take to better protect young people online.

    Watch the question in full, hear questions from other Lords members on the topic and see how the government responded https://www.youtube.com/watch?v=g5BJ9_WbZEY

    Look out for future episodes of Inside Lords Questions where we’ll speak to different members about the questions they raise to government. Catch up on previous episodes https://www.youtube.com/playlist?list=PLilBYVf0P9abs7iH2ILMKNy1zWa5xHFB5

    Lords questions takes place every sitting Monday to Thursday, and gives members a chance to check and challenge government decisions and actions. We share a highlight from Lords questions every week on our YouTube channel. Check out the playlist to watch other highlights from the chamber https://www.youtube.com/playlist?list=PLilBYVf0P9aZoiEwSE6UPEONWXhEkqmdc

    Catch-up on House of Lords business:

    Watch live events: https://parliamentlive.tv/Lords
    Read the latest news: https://www.parliament.uk/lords/

    Stay up to date with the House of Lords on social media:

    • X: https://twitter.com/UKHouseofLords
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    • Instagram: https://www.instagram.com/UKHouseofLords/
    • Facebook: https://www.facebook.com/UKHouseofLords
    • Flickr: https://flickr.com/photos/ukhouseoflords/albums
    • LinkedIn: https://www.linkedin.com/company/the-house-of-lords
    • Threads: https://www.threads.net/@UKHouseOfLords

    #HouseOfLords #UKParliament

    https://www.youtube.com/watch?v=GI46fScM-nI

    MIL OSI Video –

    June 13, 2025

  • MIL-OSI Video: Global Gender Gap Report 2025

    Source: World Economic Forum (video statements)

    How long will it take to achieve global gender parity? At the current pace: 123 years.

    In this episode of The Briefing Room, leaders from the World Economic Forum, LinkedIn and the World Bank come together to explore the findings from the Global Gender Gap Report 2025 — the definitive benchmark tracking gender equality across 148 economies.

    The conversation examines this year’s parity score and why, despite some progress, the world remains generations away from full gender equality. It explores the persistent gaps in women’s political and economic participation, the role of smart policy over national wealth in driving change, and the growing economic imperative to accelerate progress. The panel also reflects on what countries can learn from one another and how gender parity is becoming central to long-term growth and resilience.

    Host: Stephanie Holmes, Head of Public Engagement at World Economic Forum Guests: Saadia Zahidi, Managing Director at the World Economic Forum

    Sue Duke, Head of Global Public Policy at LinkedIn

    Norman Loayza, Director of the Global Indicators Group at the World Bank

    Access the full Global Gender Gap 2025 report and explore the data here:

    https://www.weforum.org/stories/2025/06/global-gender-gap-report-2025-key-findings

    This is the full audio from The Briefing Room, a video recorded a the World Economic Forum. Watch it here: https://www.weforum.org/videos/the-briefing-room-global-gender-gap-report-2025/

    Check out all our podcasts on wef.ch/podcasts (https://www.weforum.org/podcasts/) :

    Radio Davos – subscribe: https://pod.link/1504682164

    Meet the Leader – subscribe: https://pod.link/1534915560

    Agenda Dialogues – subscribe: https://pod.link/1574956552

    Join the World Economic Forum Podcast Club: https://www.facebook.com/groups/wefpodcastclub

     

    https://www.youtube.com/watch?v=Qj2IP60QS54

    MIL OSI Video –

    June 13, 2025

  • MIL-OSI: Noma Security Receives Strategic Investment from Silicon Valley CISOs Investments (SVCI) to Drive Enterprise AI Security

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, June 12, 2025 (GLOBE NEWSWIRE) — Noma Security, the enterprise AI security and governance platform, today announced a strategic investment from Silicon Valley CISOs Investments (SVCI), a syndicate of leading Chief Information Security Officers from companies including Adobe, Chime, Ross Stores, ICE/NYSE, and Booking.com, just to name a few. Noma Security becomes the 18th cybersecurity company to be added to the SVCI portfolio, and the investment comes six months after Noma Security launched from stealth with a $32M series A funding round.

    The SVCI investment, as directed by leading CISOs, validates the unique Noma Security approach to provide end-to-end AI security including AI discovery and governance, proactive security risk management, and runtime protection.

    “As enterprise organizations increasingly rely on AI for efficiency and competitive advantage, AI security becomes not just an imperative, but a business necessity,” said Al Ghous, Notable Capital CISO and SVCI co-founder. “Noma Security stood out with its world-class team and deep understanding of the AI threat landscape. They applied this knowledge to build a mature, end-to-end AI security platform that addresses the full spectrum of AI security challenges, from supply chain vulnerabilities and infrastructure misconfigurations, to prompt attacks, data leaks, and privacy violations.”

    Noma Security addresses substantial enterprise demand for secure AI to accompany rapid enterprise AI development and adoption. As AI decentralizes and evolves to autonomous, agentic architectures, organizations face a growing set of AI threats. Blind spots, a dynamic risk surface, and compliance and governance pressures, all combine to create challenges for the CISO’s organization. AI risks are difficult to detect and nearly impossible to secure using traditional cybersecurity tools.

    Noma Security provides the following capabilities to address critical challenges across all enterprise AI resources and transactions, including AI agents:

    • Comprehensive AI Discovery and Governance: Eliminate blind spots through continuous discovery and inventory of all AI resources including code, pipelines, models, runtime applications and 3rd party agents. AI BOM and shadow asset detection helps security teams visualize what they’re securing.
    • Proactive AI Security Risk Management: Improve your AI security posture by continuously scanning for infrastructure misconfigurations, supply chain vulnerabilities, model risks, and compliance gaps, including those in third-party agent platforms. Conduct automated red teaming to continuously test for hidden risks and provide guided remediation so teams can proactively reduce risk before AI reaches production.
    • AI Runtime Protection: Real-time monitoring and control for autonomous AI systems to detect and block prompt attacks, harmful content, sensitive data leaks, privacy violations and rogue AI agent actions as they occur.
    • AI Compliance Simplified: Align enterprise AI security with leading security and compliance frameworks including the OWASP Top 10 for LLMs, MITRE ATLAS and emerging AI regulations such as the EU AI Act.

    “The Noma Security approach is unique in its ability to provide a holistic view of AI security and governance, enabling security teams to gain control over the entire AI lifecycle,” said Niv Braun, CEO and co-founder of Noma Security. “We are thrilled to have the support and direction of the SVCI CISO team. They immediately saw the value and differentiation of Noma Security to solve the challenge of AI security at scale. Providing real-word product guidance and feedback, SVCI is helping Noma Security maintain competitive differentiation by delivering end-to-end AI security solutions and deliver responsible AI across the enterprise to meet substantial demand.”

    About Noma Security
    Noma Security is the AI security and governance platform giving enterprise organizations the confidence to rapidly build and deploy AI at scale. Noma Security uniquely provides cybersecurity teams with control of AI risk through continuous discovery and inventory, supply chain security, red teaming, and runtime protection to ensure compliance and risk mitigation. Backed by Ballistic Ventures, Glilot Capital, Cyber Club London, Databricks Ventures and SVCI, Noma Security is widely adopted by Fortune 500 customers and has been recognized by Gartner and Latio as a leader in AI security trust, risk and security management (TRiSM). For more information visit https://noma.security

    About Silicon Valley CISOs Investments (SVCI)
    SVCI is an invite-only community of more than 60 Chief Information Security Officers (CISOs) that operate as an angel investor syndicate. With a vast representation of industries and 1000 years of cumulative cybersecurity expertise, the organization’s mission is to fuel the next generation of cybersecurity innovation by identifying promising early-stage startups, investing in them, and using its unmatched industry expertise to help them thrive. For more information visit www.svci.io

    The MIL Network –

    June 13, 2025

  • MIL-OSI United Kingdom: North Prospect regeneration earns honours at regional awards

    Source: City of Plymouth

    (l-r) Nick Nackson, Executive Director of Business Services and Development at PCH; Neil Mawson, Housing Delivery Mananger; Carly Francis, Area Planning Manager and Paul Barnard, Service Director for Strategic Planning and Infrastructure collect the awards

    A bold regeneration project in Plymouth has been crowned Best Project at the Royal Town Planning Institute (RTPI) South West Awards for Planning Excellence — and has also taken home the coveted Overall Best in Region title.

    Delivered in partnership between Plymouth Community Homes (PCH) and the Council, the transformational regeneration of North Prospect, the largest scheme of its kind in the South West, began in 2012 and has completely reshaped the area.

    Over the course of the project, nearly 800 homes in poor condition were demolished and replaced with more than 1,100 high-quality, energy-efficient homes.

    The new neighbourhood offers a better variety of house types, sizes, and tenures, creating a more inclusive and sustainable community.

    Councillor Chris Penberthy, Cabinet Member for Housing, Cooperative Development and Communities at Plymouth City Council, said: “This award is a testament to the vision, dedication, and hard work of everyone involved in the North Prospect regeneration.

    “It’s not just about bricks and mortar — it’s about creating a thriving, inclusive community where people are proud to live.
    “We’re thrilled to see this project recognised at a regional level and excited to see it go forward to the national stage.”

    In total, the project has delivered 491 new homes for affordable and social rent, and 195 homes for shared ownership, creating a total of 686 affordable homes—exceeding the 605 socially rented homes previously in the area.

    In addition, PCH refurbished a further 300 social rented homes, ensuring that existing residents also benefited from the improvements.

    The project’s success is a testament to the power of collaboration and long-term vision in urban planning. It now advances to the national RTPI Awards for Planning Excellence, with finalists to be announced in October.

    MIL OSI United Kingdom –

    June 13, 2025

  • MIL-OSI: Bravo Property Trust Appoints Josh Gessin as Head of Capital Formation 

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) — Bravo Property Trust (“Bravo”), a U.S.-based real estate credit investment platform, today announced the appointment of Josh Gessin as Head of Capital Formation. This strategic hire strengthens Bravo’s leadership team as the firm accelerates the growth of its institutional partnerships and scales its presence in the real estate private credit market.

    Josh brings a decade of experience in global institutional capital raising and scaling investment programs across real estate credit strategies. Most recently, he served as Vice President at Madison Realty Capital. Prior to Madison, Josh held capital formation and portfolio management roles at Rialto Capital Management, and LGT Capital Partners.

    At Bravo, Josh will lead capital formation across the firm’s real estate credit platform, with a mandate to deepen relationships with institutional allocators and drive investment program development across Bravo’s bridge, construction, and agency-exit lending strategies.

    “Josh is a highly respected capital raising professional with a proven track record of working with institutional investors across the globe—including sovereign wealth funds, pensions, insurance companies, endowments, and multi-family offices,” said Aaron Krawitz, CEO of Bravo Property Trust. “His appointment reflects our commitment to attracting best-in-class talent as we expand our lending platform and deliver compelling, asset-backed credit opportunities to our investors.” 

    “Josh’s arrival comes at a pivotal moment in Bravo’s growth,” said Gabi Moshayev, Co-Founder and Chairman of Bravo Property Trust. “As we prepare to launch our next real estate credit fund, his institutional fundraising expertise will be key to expanding our global investor base and supporting our vision to build Bravo into a leading capital markets platform with reach across multiple continents.”

    This appointment follows a period of strong momentum for Bravo, following recent capital partnerships with global asset managers and the continued expansion of its national origination pipeline. Since inception, Bravo Property Trust and its affiliates have originated and financed over $1.6 billion in bridge and HUD-focused loans, establishing the firm as a specialist in complex capital structures across multifamily and healthcare-backed assets.

    About Bravo Property Trust LLC
    Bravo Property Trust is an institutional real estate credit platform focused on originating and structuring transitional financing for multifamily and healthcare properties across the United States. With expertise in HUD, construction, and bridge-to-agency executions, Bravo delivers capital solutions tailored to operators and developers seeking value creation and stabilized outcomes.

    The MIL Network –

    June 13, 2025

  • Government e-Marketplace surges past ₹4 lakh crore GMV in just 10 months of FY 2024-25

    Source: Government of India

    Source: Government of India (4)

    Under the transformative leadership of Prime Minister Narendra Modi, who completes 11 years in office, the Government e-Marketplace (GeM) has achieved a remarkable milestone by surpassing a Gross Merchandise Value (GMV) of ₹4.09 lakh crore within the first 10 months of Fiscal Year 2024-25. This feat, announced by the Ministry of Commerce & Industry, reflects a nearly 50% growth compared to the same period in the previous fiscal year, cementing GeM’s role as a cornerstone of India’s digital procurement revolution.

    Launched in August 2016, GeM has emerged as a trusted platform for transparent and efficient public procurement, serving over 1.6 lakh government entities and 22.5 lakh sellers and service providers. The platform’s GMV for FY 2024-25, achieved by January 23, 2025, outpaces last year’s historic high of ₹4 lakh crore, driven significantly by the services segment, which accounted for ₹2.54 lakh crore (62% of total GMV). The product segment contributed ₹1.55 lakh crore (38%). The services segment’s near-100% growth, fueled by the addition of 19 new service categories, has enabled government entities to procure specialized services like debit card printing, bulk email services, dark fiber leasing, and data center operations management with enhanced efficiency.

    Central government entities, particularly the ministries of Coal, Defence, Petroleum & Natural Gas, Power, and Steel, have been pivotal in this surge. The Ministry of Coal led as the top procurer, with a transacted order value of nearly ₹1.63 lakh crore, including over 320 high-value bids worth approximately ₹42,000 crore for handling and transport services by Coal PSUs. GeM’s versatility is evident in its facilitation of both everyday essentials, such as rations and stationery, and high-end, complex items like advanced technology systems and missile components.

    The platform’s operational excellence was further highlighted by processing 49,960 orders in a single day during FY 2024-25, showcasing its robustness and widespread adoption. Since its inception, GeM has facilitated over 2.59 crore orders, amassing a cumulative GMV of more than ₹11.64 lakh crore. Continuous reforms, including simplified processes and reduced transaction charges, have made GeM more accessible, particularly for Micro and Small Enterprises, startups, and women-led businesses.

    June 13, 2025

  • MIL-OSI: Coinchange and Kanga Exchange Announce Partnership to Drive 30% User Adoption For Passive Income

    Source: GlobeNewswire (MIL-OSI)

    Toronto, Canada, June 12, 2025 (GLOBE NEWSWIRE) — In a significant step toward mainstreaming crypto-based passive income, Coinchange and Kanga Exchange have joined forces to offer automated yield solutions—resulting in over 30% user adoption in just months. The partnership between Coinchange, a digital asset management platform, and Kanga Exchange, a leading cryptocurrency exchange platform, demonstrates how the integration of yield-generating solutions can simplify access to passive income opportunities. The collaboration has enabled over 30% of Kanga’s active users to generate passive income through multi-strategy active portfolio management solutions on their digital asset holdings without requiring active supervision or technical expertise.


    Kanga and Coinchange Address Passive Income Needs

    Kanga Exchange operates over 800 physical exchange points across 12 countries, specifically serving users who prefer cash-based transactions or localized financial services. This model merges traditional finance with digital assets to serve both individual and institutional clients through its platform and wallet application. However, users increasingly wanted to grow their crypto holdings passively, which created a demand for tools that automate yield generation with minimal complexity.

    Coinchange addressed this need by integrating its Earn API into Kanga’s platform. The API connects user deposits to a range of protocols, automating how users earn returns and eliminating the need for manual intervention. This strategy is appealing to busy individuals as well as businesses that want to grow their unused funds without needing to navigate smart contracts or liquidity pools.


    Partnership Highlights: Key results

    • Increased earnings: Users achieved 3-5% higher yields on average compared to traditional savings and staking offerings;
    • Expanding reach: Kanga Exchange’s hundreds of thousands active users could see 30% adoption of its Earn product, underscoring surging demand for passive crypto income tools;
    • Instant access: Coinchange’s Earn product removed the typical 15–30 day waiting period  for Kanga Exchange, giving users easy and flexible access to their funds.


    Simplifying DeFi: How the Earn API Works for Users

    The Earn API simplifies the process: users deposit digital assets as well as stablecoins into their Kanga wallets, and the API automatically allocates funds across vetted protocols. This approach removes technical barriers, allowing users to benefit from decentralized finance without requiring knowledge of wallet addresses, gas fees, or market monitoring.

    Key advantages of the integration include:

    • Reduced transaction costs: The API aggregates funds & optimizes a multi-strategy approach to reduce transaction costs;
    • Automated yield generation: Algorithms handle asset allocation for consistent and diversified returns;
    • Liquidity preservation: Integration enables withdrawals without lock-up periods – removing the need to wait.


    Measurable Success and Market Impact

    The partnership has supported financial inclusion by making access to advanced portfolio composition tools streamlined. Users who previously avoided decentralized finance due to its complexity now earn passive income through a familiar exchange interface.

    The integration has demonstrated measurable success in enhancing user engagement, with 30% of users utilizing the yield feature. By making the process easier, Kanga has strengthened its value proposition as more than a trading platform, while Coinchange has expanded its reach to a diverse, globally distributed user base.


    Addressing Challenges: Trust and Compliance

    Initially, adoption faced challenges as users didn’t fully understand how risks were managed. Coinchange and Kanga addressed this by highlighting the Earn API’s security protocols and audit processes. Regulatory compliance across multiple jurisdictions necessitated the use of reporting tools, ensuring compliance with local financial regulations.


    Key Takeaways and Future Outlook

    The Coinchange-Kanga partnership case study exemplifies how strategic collaborations can unlock potential for mainstream audiences. The Earn API integration simplified complex technology, making it easy for Kanga’s global users to earn passive income. This model highlights the importance of infrastructure solutions in driving cryptocurrency adoption, particularly for users prioritizing simplicity and liquidity. To further enhance its comprehensive offering, Kanga Exchange also provides a crypto loan service. Looking ahead, Kanga is actively working on introducing advanced features, including futures contracts and trading competitions, to further expand its ecosystem. As the digital asset ecosystem evolves, similar integrations will likely play a pivotal role in bridging the gap between traditional finance and decentralized innovation.


    About Coinchange

    Coinchange is a digital asset management platform based in Canada that provides market-neutral, multi-management, and multi-strategy solutions. In order to produce steady, market-neutral yields as investment solutions for institutional clients, the company combines active portfolio management, transparency, and strategy diversification.


    About Kanga Exchange

    Kanga Exchange is a leading cryptocurrency platform born in Poland and built for the world. Since 2018, Kanga has been on a mission to make crypto accessible and usable in everyday life, not just as an investment, but as a real financial alternative.

    With a deep presence in Central Europe and an expanding international footprint, Kanga helps people easily move between crypto and cash through one of the region’s largest on-ramp and off-ramp infrastructures, including over 800 physical locations.

    More than just a trading platform, Kanga is committed to education and real-world adoption through initiatives like its free Kanga University, helping users explore the full potential of digital assets beyond speculation, focusing on everyday use, financial inclusion, and long-term impact.

    As it continues to grow, Kanga is building on its existing ecosystem of accessible financial tools, including peer-to-peer trading, crypto-backed services, and everyday crypto-to-cash solutions. Kanga makes crypto simpler, more useful, and more human for everyone, everywhere.

    Coinchange Social Media:
    Coinchange Website | LinkedIn | X/Twitter | App Store Application | Google Play Application

    The MIL Network –

    June 13, 2025

  • MIL-OSI: Boralex Appoints Robin Deveaux as Executive Vice President and General Manager, North America

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, June 12, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce the appointment of Robin Deveaux as Executive Vice President and General Manager, North America. He succeeds Hugues Girardin, who will retire on December 31, 2025. Until then, M. Girardin will act as Transition Advisor to senior management to ensure a smooth and effective handover of responsibilities.

    A seasoned finance professional, Robin Deveaux brings over 20 years of experience in the renewable energy and professional services sectors. He is being promoted to Executive Vice President and General Manager after having served as Vice President, Finance, and subsequently as Senior Vice President, Finance and Asset Management for North America at Boralex.

    Since joining Boralex, Robin has stood out for his inclusive leadership, strategic thinking, and ability to drive projects forward in a fast-evolving environment. These qualities will remain key in his new role, as the Company prepares to unveil its 2030 Strategy.

    “I am honoured by the trust placed in me, and I approach this new challenge with a great deal of humility. I have deep respect for Hugues’s accomplishments and for the expertise of our teams. Together, we will continue to drive our mission forward — with ambition, discipline, and a strong commitment to collaboration, proximity with the community, and excellence in project execution.,” said Robin Deveaux.

    See Robin Deveaux’s full biography

    Following an outstanding 34-year career, Hugues Girardin leaves behind a strong and inspiring legacy. A key player in Boralex’s growth, he played a major role in developing, building, and promoting the Company’s assets. He was consistently driven by a commitment to strengthen community engagement, create lasting value for investors and stakeholders, and unite teams around a common vision.

    “It has been a great source of pride to support Boralex’s growth over the years and to contribute, in my role, to the development of increasingly innovative renewable energy projects that bring lasting benefits to the regions that host them. I’m pleased to pass the baton to Robin, whose leadership and vision are closely aligned with the Company’s ambitions,” said Hugues Girardin.

    “I want to sincerely thank Hugues for his unwavering dedication and outstanding contributions to our collective success. I also congratulate Robin on his appointment — his passion for our mission, combined with his expertise, will be tremendous assets for Boralex’s future,” concluded Patrick Decostre, President and Chief Executive Officer of Boralex.

    About Boralex

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

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

    For more information

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/ed1cb8e6-af99-47fb-9cdf-977c1cc6459c
    https://www.globenewswire.com/NewsRoom/AttachmentNg/0d3963fe-f8c5-4480-a3e5-7fea86baf494

    Source: Boralex inc.   

    The MIL Network –

    June 13, 2025

  • MIL-OSI: Ethical Web AI Hits Major Milestones in 2025 Growth Strategy

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) — Bubblr Inc., operating as Ethical Web AI (OTC: BBLR), a leader in secure, enterprise-grade generative AI, today announced a major achievement in executing its 2025 strategic roadmap. The company has successfully onboarded its first AI Vault SaaS client via the Amazon Web Services (AWS) Marketplace.

    AI Vault Lands First Client via AWS Marketplace
    Following its recent debut on the AWS Marketplace, Ethical Web AI’s flagship product, AI Vault, has secured its first enterprise customer. AI Vault is built to tackle the critical challenges enterprises face in adopting generative AI—specifically transparency, security, and regulatory compliance. Backed by multiple USPTO patents, the platform empowers organizations with complete control over AI usage and data protection.

    Steve Morris, CEO and Founder of Ethical Web AI, remarked: “This first enterprise customer win through AWS Marketplace validates the pressing need for trustworthy, enterprise-ready generative AI. It’s also an important step in fulfilling our obligations as an AWS Software Partner. Our goal is to secure five enterprise customers via AWS Marketplace by month-end, and this early traction gives us strong confidence in that path. We are beginning slowly but our target is 10% of the enterprise generative AI market within three years.”

    IP-Led Product Strategy Driving Innovation
    Ethical Web AI’s product philosophy is built on a core principle: no software is developed unless its core capabilities can be patented. Each product solves a fundamental flaw in existing technologies and is defensible by design.

    “We build only what we can legally protect,” Morris emphasized. “Our IP strategy isn’t just a layer of protection—it’s the engine behind our long-term roadmap. We invite all stakeholders to explore our patents, which define and secure our competitive edge.”

    Patents and Intellectual Property Protection
    A growing portfolio of defensible intellectual property underpins Ethical Web AI’s product strategy. All product development is based on securing USPTO patents that protect the unique functionality of each offering.

    Patent Portfolio Highlights:

    • US Patent 10,977,387 – Internet-Based Search Mechanism
      This foundational patent supports the Ethical Web AI Open-Source Platform and includes 16 enforceable claims, notably anonymous search and asynchronous search results. The patent was independently valued at $4.7 billion in August 2022 by Valuation Consulting (Dr. Fernando Da Cruz Vallencellos), based on a scenario where a global technology company acquired the patent and associated software. This valuation is expected to reduce slightly over time, as the patent term expires in March 2045, reflecting the 25-year legal protection horizon.
    • US Patent Application 17/980298 – Contextual Enveloping via Dynamically Generated Hypertext Links
      Enhances conversational search through dynamically embedded links and multimedia in HTML output. Expected to be granted in Q2 2025.
    • US Patent Application 18/376,101 – Computer-Implemented Method and System
      Enables the inclusion of real-time, contemporaneous data in generative AI prompts using external API calls. Improves answer completeness without heavy computing demands.
    • US Patent Application 19/055,968 – Sensitive Data Processing in Generative AI
      Powers AI Vault’s ability to detect and redact sensitive, implicit, or contextual terms prior to submitting prompts to generative AI models—ensuring enterprise data protection

    These patents form a strong legal moat for Ethical Web AI’s core technologies. Each product is tied directly to specific enforceable claims, offering comprehensive protection against replication by third parties—even if only a portion of the functionality is copied.

    AI Vault: Built for the 27% Who Say ‘No’ to Generative AI
    AI Vault is tailored for the 27% of companies that currently ban generative AI due to concerns over privacy, security, and regulatory exposure. These include large financial institutions and global enterprises where safeguarding sensitive information is non-negotiable.

    • AI Vault provides:
    • A secure, private generative AI environment
    • Full enterprise control and transparency
    • Protection of sensitive data through patented redaction processes
    • Zero access to client data by Ethical Web AI or third-party providers

    Watch the explainer video to see how AI Vault works: https://ethicalweb.ai/ai-vault-explainer-video/.

    Looking Ahead: Focus on Profitability and Strategic Options
    As part of its 2025 strategy, Ethical Web AI’s primary objectives are to be cash generative within twelve months and we have ambitions for an uplist to a superior exchange such as NASDAQ. The company also continues to explore potential acquisition interest, bolstered by its robust IP position and expanding commercial traction.

    “We’re executing against a clear vision—secure enterprise AI powered by defensible innovation,” said Morris. “Whether through IPO, acquisition, or organic growth, our priority is to scale responsibly while delivering unmatched value to our customers and shareholders.”

    About Ethical Web AI
    Ethical Web AI (OTC: BBLR) develops patented generative AI solutions for enterprises that demand transparency, security, and compliance. Its flagship products include AI Vault and the Ethical Web AI Open-Source Platform, both built to exceed the highest data protection standards.

    Learn more at: www.ethicalweb.ai

    Safe Harbor Statement
    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management. They are subject to several uncertainties and risks that could significantly affect the Company’s current plans and expectations, future operations, and financial condition. The Company reserves the right to update or alter its forward-looking statements, whether due to new information, future events or otherwise.

    Media and investor contact: steve.morris@ethicalweb.ai

    The MIL Network –

    June 13, 2025

  • MIL-OSI: Trident Announces up to $500 Million Financing Plan for XRP Treasury and appoints Chaince Securities LLC as the strategic advisor

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 12, 2025 (GLOBE NEWSWIRE) — Trident Digital Tech Holdings Ltd (“Trident” or the “Company,” NASDAQ: TDTH), a leading catalyst for digital transformation in technology optimization services and Web 3.0 activation based in Singapore, today announced an initiative to raise up to $500 million to establish one of the world’s first large-scale corporate XRP Treasuries and appoints Chaince Securities LLC as the strategic advisor. This strategic move positions Trident at the forefront of integrating decentralized financial assets into treasury and capital management practices, marking a significant milestone in the evolution of blockchain-native financial infrastructure.

    The initiative will focus on the acquisition of XRP tokens as long-term strategic reserves, the deployment of staking mechanisms to generate yield, and deep engagement within the Ripple ecosystem. Trident will collaborate with select infrastructure and application projects, further strengthening its commitment to the advancement of decentralized finance.

    To support this initiative, Trident will raise capital through a mix of equity issuance, strategic placements, and structured financing instruments. The Company is currently in discussions with leading crypto foundations and institutional partners to secure favorable token acquisition terms and robust on-chain infrastructure.

    The initial rollout of the XRP Treasury is planned for the second half of 2025, subject to regulatory compliance and prevailing market conditions. Trident will provide ongoing updates on deployment milestones, governance frameworks, and reporting standards, in full alignment with public company disclosure practices.

    Soon Huat Lim, Founder, Chairman, and Chief Executive Officer of Trident, stated, “As a public company, our commitment to transparency, strong governance, and strategic foresight guides every decision we make. We see digital assets as key enablers in the evolution of the global financial landscape. This initiative reflects our belief in the transformative potential of blockchain technology for capital allocation and cross-border value transfer. Through this initiative, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance.”

    About Trident
    Trident is a leading catalyst for digital transformation in digital optimization, technology services, and Web 3.0 activation worldwide, based in Singapore. The Company offers commercial and technological digital solutions designed to optimize its clients’ experience with their end-users by promoting digital adoption and self-service.

    Tridentity, the Company’s flagship product, is an innovative and highly secure blockchain-based identity solution designed to provide secure single sign-on authentication capabilities to integrated third-party systems across various industries. Tridentity aims to offer unparalleled security features, ensuring the protection of sensitive information and preventing potential threats, thus promising a new secure era in the global digital landscape, with a strong focus on Southern Africa and other key developing markets.

    Beyond Tridentity, the Company’s mission is to become the global leader in Web 3.0 activation, notably connecting businesses to a reliable and secure technological platform, with tailored and optimized customer experiences.

    Safe Harbor Statement
    This announcement contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s strategies, future business development, and financial condition and results of operations; the expected growth of the digital solutions market; the political, economic, social and legal developments in the jurisdictions that the Company operates in or in which the Company intends to expand its business and operations; the Company’s ability to maintain and enhance its brand. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For Investor/Media Enquiries
    Investor Relations
    Robin Yang, Partner
    ICR, LLC
    Email: investor@tridentity.me
    Phone: +1 (212) 321-0602

    The MIL Network –

    June 13, 2025

  • MIL-OSI: Drone Industry Applauds AUVSI Advancing U.S. Leadership in Drones Operations Putting Spotlight on Drone Stocks

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., June 12, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Association for Uncrewed Vehicle Systems International (AUVSI) applauded executive orders advancing U.S. leadership in drones on what they called an historic day for advanced aviation. AUVSI represents leaders from more than 60 countries across industry, government, and academia in the defense, civil and commercial sectors. AUVSI has long advocated for many of these reforms through active engagement with the White House, public comments, Congressional testimony, and federal agency engagement. An outpouring of support from AUVSI member companies highlights the strong industry consensus on the Executive Orders and their significance for the future of autonomous aviation. Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Unusual Machines, Inc. (NYSE American: UMAC), AeroVironment, Inc. (NASDAQ: AVAV), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), RTX Corporation (NYSE: RTX).

    Example of the key provisions of the AUVSI executive orders include: BVLOS Expansion and Drone Integration Acceleration: Directs the FAA to enable routine Beyond Visual Line of Sight (BVLOS) drone operations for commercial and public safety missions, and to accelerate development, testing, and scaling of U.S. drone technologies, including advanced air mobility and autonomous systems. — Updated UAS Integration Roadmap: Calls for the FAA to publish a revised roadmap for the integration of civil UAS into the National Airspace System, reflecting updated capabilities and timelines. — Domestic Drone Industrial Base Strengthening: Prioritizes U.S.-manufactured UAS in federal procurement, promotes their export, and takes steps to protect critical drone technologies from foreign exploitation. — Supporting the Warfighter and Airspace Access: Improves access to high-performance, U.S.-made drones for military use and streamlines airspace and spectrum access to better support national security missions. — Detection and Tracking Authorities & Grants: Authorizes federal agencies to use existing legal authorities to detect, track, and identify drones and drone signals; and allows state, local, tribal, and territorial (SLTT) agencies to access grant programs for related detection technologies.

    ZenaTech (NASDAQ:ZENA) ZenaDrone to File Patent and Accelerate Deployment of Counter-UAS Technology on the ZenaDrone 1000 in Response to US Executive Order – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today announces its subsidiary ZenaDrone’s intent to file a patent and accelerate the deployment of Counter-Unmanned Aircraft System (Counter-UAS) technology, to be mounted on the company’s flagship ZenaDrone 1000 drone platform in response to a new executive order policy directive. Counter-UAS technology refers to tools or systems that can detect, track, or mitigate unauthorized or dangerous drones to protect people, property, and airspace.

    ZenaDrone’s technology for this was originally designed last year but was placed on hold as the company prioritized other commercial and defense applications. However, the recent policy directive on Counter-UAS contained in the June 6th, 2025, White House Executive Order, ‘Restoring American Airspace Sovereignty’, has clarified the urgency and importance of bringing effective drone defense solutions to market. In response, ZenaDrone is accelerating development and commercialization efforts to meet growing domestic and international demand.

    “We developed our Counter-UAS system with future threats in mind, and the Executive Order has made it clear that the time to act is now,” said Dr. Shaun Passley, CEO of ZenaTech. “Integrating this technology into the ZenaDrone 1000 positions us to meet urgent security needs with a smart, autonomous aerial defense platform and be seen as a provider of safe, trusted, and mission-ready solutions.”

    The company will immediately expand its engineering and defense teams to fast-track R&D, testing, and deployment. The enhanced ZenaDrone 1000 will feature real-time threat detection and neutralization capabilities, making it a viable solution for military, homeland security, and critical infrastructure protection operations.

    The recent executive order, one of two historic policy directives announced on June 6th, 2025, provides a boost to US drone companies by driving demand for counter-UAS technologies, setting needed federal standards for secure airspace integration, and prioritizing US-made systems over foreign alternatives.

    The ZenaDrone 1000 is an AI multifunction autonomous drone that is a 12X7-foot rotary-wing octocopter design—built for commercial applications including surveillance, inspection and precision agriculture, as well as for defense. It features a patented foldable-wing design, can carry up to a 40 kg or 88 lbs of payload, and can fly for up to an hour before recharging on its docking station. It can be equipped with a variety of thermal imaging, LiDAR, or multispectral sensors to enable real-time ISR (intelligence, surveillance, and reconnaissance), border patrol, and other defense applications.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the markets include:

    Unusual Machines, Inc. (NYSE American: UMAC), a U.S.-based manufacturer of drones and NDAA-compliant components, recently announced it has signed a lease for a 17,000-square-foot drone motor production facility in Orlando, Florida. The factory will significantly expand the company’s domestic manufacturing capabilities. Motor deliveries from this facility are scheduled to begin in September 2025.

    The facility is designed to support the production of high-performance brushless motors for First-Person View (FPV) and commercial drones. Initially, it will focus on three core motor sizes: 2207, 2807, and 3220. In-house winding capabilities will support both standard and custom KV ratings and hybrid workcells will allow for both high-volume and small-batch production. The space is located near the company’s existing headquarters and is an expansion of Unusual Machines’ Orlando campus. The proximity to Rotor Riot’s technical team and pilot community allows for rapid product feedback and alignment with end-user needs. The production system is designed to eventual scale to monthly production volumes exceeding 50,000 motors.

    AeroVironment, Inc. (NASDAQ: AVAV) recently announced that it will report its financial results for the fourth quarter and full fiscal year 2025, which ended April 30, 2025, after the market closes on Tuesday, June 24, 2025. Management will host a conference call and live audio webcast at 4:30 p.m. Eastern Time that same day to discuss the results. The call will be led by Wahid Nawabi, AV’s chairman, president, and chief executive officer; Kevin P. McDonnell, executive vice president and chief financial officer; and Denise Pacioni, director, investor relations.

    Investors may access the conference call by registering through the following link up to 10 minutes before the event begins:

    Conference Call Details:

    Date: June 24, 2025

    Time: 4:30 p.m. ET | 1:30 p.m. PT | 2:30 p.m. MT | 3:30 p.m. CT

    Participant registration URL: https://register-conf.media-server.com/register/BI7c8f067ba6664132925fef2e6130428b

    Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a technology company in defense, national security and global markets, announced recently that it was awarded a task order under the Command and Control System-Consolidated (CCS-C) Sustainment and Resiliency (C-SAR) contract with the U.S. Space Force (USSF) Space Systems Command (SSC) to support ground system capabilities for Evolved Strategic Satellite Communications (SATCOM) (ESS). The ESS system will provide the survivable and endurable satellite communications capability for the Nuclear Command, Control, and Communications (NC3) mission in all operational environments.

    First, the task order will begin to lay the CCS-C infrastructure groundwork to eventually support an out-of-band (OOB) ESS telemetry, tracking, and command capability as part of the larger SSC Military Communications & Positioning, Navigation and Timing Program Executive Office (PEO) mission. Second, it will create the necessary infrastructure to link the ground system solutions as required for operations. Third, through a pair of study efforts, it will facilitate the development of a road map for implementation of ESS Mission Unique Software and CCS-C micro-services implementation. Finally, the effort will facilitate a prototyping effort to allow CCS-C users to utilize new enterprise architecture.

    Raytheon, an RTX (NYSE: RTX) business, was recently awarded a $646 million contract to continue producing AN/SPY-6(V) radars for the U.S. Navy. This is the fourth option exercised from the March 2022 hardware, production and sustainment contract that is valued up to $3 billion over five years.

    Under this contract, the U.S. Navy will receive four additional radars, increasing the total amount of radars under contract for procurement to 42.

    “SPY-6 enables the U.S. Navy to see further than they’ve ever seen before, providing sailors with more time to respond to detected threats,” said Barbara Borgonovi, president of Naval Power at Raytheon. “This latest contract builds on our decades of experience and technical expertise in developing modular, scalable, and highly maintainable radars.”

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

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

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    SOURCE: FN Media Group

    The MIL Network –

    June 13, 2025

  • MIL-OSI: Dylan Media Controls 40% of Share Capital and Requests Significant Share Buyback Offer

    Source: GlobeNewswire (MIL-OSI)

    • Dylan Media acquires 40.3% shareholding in CLIQ
    • Proposed public share buyback offer in the total volume of €12,5 million and capital reduction to be discussed at Annual General Meeting on 21 August 2025
    • CLIQ continues to consider delisting following strategic investment by Dylan Media

    DÜSSELDORF, 12 June 2025

    New principal shareholder

    Yesterday, CLIQ Digital AG (“CLIQ” or “Company”) was informed that Dylan Media B.V. (“Dylan Media”) now holds approximately 19.1% of the shares in the Company and has entered into purchase agreements for an additional 21.2%, resulting in a combined stake of 40.3% in the Company’s outstanding share capital.

    Potential public partial share repurchase offer by CLIQ

    Dylan Media has formally requested that CLIQ’s Management Board and Supervisory Board include an agenda item for the Annual General Meeting 2025 relating to a significant share buyback offer (public partial share repurchase offer by the Company). The proposed repurchase offer would involve CLIQ offering to buy back up to 2,060,000 shares at €6.06 per share, which would equate to 59% of the Company’s remaining free floating share capital. This offer price is 15% higher than the six-month volume-weighted average share price (VWAP) before yesterday’s announcement. Dylan Media reserves the right to amend its request pending the release of updated financial information ahead of the Annual General Meeting.

    If resolved, this share buyback offer would trigger the acquisition of treasury shares, which would then be redeemed after the completion of CLIQ’s share buyback offer and reduce CLIQ’s share capital accordingly. Dylan Media has committed not to participate in this offer with the CLIQ shares it holds.

    Once resolved by the Annual General Meeting, shareholders have the possibility to divest for €6,06 contingent on the number of shares offered by shareholders in the repurchase offer. The proposed repurchase price would equate an increase of 75% to the Xetra closing price of €3.46 prior to the ad hoc announcement of the Company on 6 March 2025.

    Delisting

    Given the significant changes to the Company’s shareholder structure, the limited demand and liquidity of the shares, and the capital market no longer being the most viable option for the Company’s financing, while facing substantial ongoing listing obligations, expenses and opportunity costs, the Company continues to consider a delisting of the shares from all stock exchanges to be in general in the interest and as the right course of action for the Company and intends to decide on a delisting after completion of the share buyback offer. The Company will inform the shareholders and the capital market on the result of the share buyback offer and the further considerations with regard to a delisting in due course.

    Should the delisting take place, the rights of CLIQ’s minority shareholders will generally remain unchanged, except that CLIQ will no longer be subject to capital market reporting requirements, and shareholders will lose the ability to sell their shares via the official stock exchanges.

    No Public partial acquisition offer by Dylan Media

    In light of this increased ownership, Dylan Media has confirmed that it will no longer pursue the previously considered public partial tender offer to CLIQ shareholders. The decision reflects a shift in strategy now that the threshold for significant influence has been reached through direct acquisitions.

    Annual General Meeting 2025

    CLIQ invites its shareholders to the Annual General Meeting, which will take place on Thursday, 21 August 2025, as an in-person event in Düsseldorf. The formal invitation including the agenda and further details regarding participation will be published in due course.

    Management Board statement

    “We warmly welcome Dylan Media as our new principal shareholder. Their decisive commitment to CLIQ reflects a deep strategic conviction about the strength of our business model and long-term potential – something that the capital markets have not always adequately recognised, as evidenced by our low market valuation,” said CEO Luc Voncken. “Dylan Media’s confidence validates our vision and provides momentum as we prepare to enter the next phase of sustainable growth.”

    Contacts

    Investor Relations:
    Sebastian McCoskrie, s.mccoskrie@cliqdigital.com, +49 151 52043659

    Media Relations:
    Daniela Münster, daniela.muenster@h-advisors.global, +49 174 3358111

    Financial calendar

    Half-year financial report 2025 & earnings call Thursday 7 August 2025
    Annual General Meeting 2025 Thursday 21 August 2025
    Financial report 3Q/9M 2025 and earnings call Thursday 6 November 2025

    About CLIQ

    The CLIQ Group is a data-driven online performance marketing company that sells bundled subscription-based digital products to consumers worldwide. The Group licenses content from partners, bundles it to digital products, and sells them via performance marketing. CLIQ is expert in turning consumer interest into sales by monetising online traffic using an omnichannel approach.

    The Group operated in 40 countries and employed 132 staff from 33 different nationalities as at 31 December 2024. The company is headquartered in Düsseldorf and has offices in Amsterdam and Paris. CLIQ Digital is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN: DE000A35JS40, GSIN/WKN: A35JS4) and is a constituent of the MSCI World Micro Cap Index.

    Visit our website https://cliqdigital.com/investors. Here you will find all publications and further information about CLIQ. You can also follow us on LinkedIn.

    The MIL Network –

    June 13, 2025

  • MIL-OSI Economics: World’s best governor Aleš Michl receives award for extraordinary effort, courage and independence

    Source: Czech National Bank

    Czech National Bank Governor Aleš Michl received the prestigious international Central Banking Award 2025 for world’s best governor at a ceremony in London on Wednesday. He was recognised for his extraordinary determination to reduce inflation and safeguard the value of money in the Czech Republic, as well as for his forward-looking and innovative approach to the issues currently shaping the global financial landscape. This is already the second major international accolade the Governor has received this year – in January, The Banker magazine, published by the Financial Times, named him Central Banker of the Year for Europe.

    Governor Aleš Michl received the award at the international Central Banking Summer Meetings, held in London on 11–12 June, with the participation of central bankers from around the world.  The conference is organised annually by the renowned Central Banking magazine.

    “I don’t see this award as mine alone. It is recognition for the entire CNB team. From the very beginning, our main goal was to bring inflation back to 2% and restore people’s confidence in the koruna. That would not have been possible without the courage to make unpopular, yet correct, decisions. That’s what central banking is about – independence, discipline and responsibility to the people who save and work,” said CNB Governor Aleš Michl.

    The jury particularly highlighted the extraordinary efforts of CNB Governor Aleš Michl in the fight against inflation. Thanks to the strategy adopted by the Bank Board under his leadership, the Czech Republic was among the first countries to bring exceptionally high inflation back to target. Inflation fell from 17.5% in July 2022 to exactly 2% in February, March and June 2024. The full-year average was 2.4% – the lowest since 2018. According to estimates, inflation is expected to remain at a similar level this year as well. Low, stable and predictable inflation is one of the prerequisites for long-term sustainable economic growth.

    However, the jury evaluated more than just price stability. It also praised the efforts of the central bank under Aleš Michl’s leadership in managing the international reserves and implementing measures to improve the efficiency of the institution’s operations. The jury also commended the CNB’s active role in the successful resolution of the insolvency of Sberbank CZ, as well as its support for the instant payment system operated by the central bank. The growing availability of fast, secure and low-cost interbank transfers supports the digital development of the economy and makes everyday life and business easier. It also reinforces the CNB’s position as a leader in the modernisation of the country’s financial infrastructure.

    Jakub Holas
    Director, CNB Communications Division

    MIL OSI Economics –

    June 13, 2025

  • MIL-OSI Economics: [Editorial: Youth Month Testimonials] Samsung Education-Focused CSR Programmes Making A Positive Difference in the Lives of South African Youth

    Source: Samsung

    Samsung’s education-focused, corporate social responsibility (CSR) programmes strive to promote innovation and empower youth through technology; with the ultimate aim of addressing societal issues.
     
    These programmes offer support to underprivileged youth and aim to cultivate creative thinking while also providing critical skills training needed by the local economy. By doing so, Samsung is creating opportunities for young people to make a positive impact on their communities and society. Samsung spoke to some of the beneficiaries from its education-focused initiatives that are driven through technology and this is what they had to say:
     
    Siyabonga ‘Siya” Mojalefa Tshabalala originally from Qwaqwa in the Free State was part of the 2022 Samsung Innovation Campus (SIC) programme in partnership with Central University of Technology (CUT). SIC is a global initiative that upskills youth aged 18-25 in future technologies to enhance their employability while focusing on AI, IoT, Big Data and Coding. Siya explained: “ Through this SIC programme – I gained hands-on experience through paper coding, peer programming and projects and these skills have helped me to solve real-world problems. The programme also taught me some important soft skills that are required in work environments, these included communication, critical thinking, problem solving skills and ability to collaborate with others.”
     

     
    Another beneficiary, 26 year old Mulalo Ndou, did her undergrad in Mathematical Science and majored in Mathematics and Mathematical Statistics at the University of Johannesburg (UJ). She also completed her honours in Risk Analysis (Cum-laude) at the University of the Free State (UFS).
     
    According to Mulalo, Samsung’s bursary fund was her light at the end of the tunnel. Mulalo received funding from Samsung when she needed it to complete her last year of studies. “I lost the funding I had for my studies in my final year and had to go back home, but Samsung came through for me, she said. “This bursary fund paid for my annual fees and accommodation in my final year and postgraduate studies. It also provided me with a monthly meal and living stipend as well as an allowance for a laptop.”
     

     
    After Mulalo finished her postgrad, Samsung provided her with an internship opportunity. “When the internship period was over, Samsung gave me a full-time position as a Process Improvement Data Analyst/Reporting Specialist am very grateful to the individuals at Samsung who helped me to be successful in my role,” she added. In an effort to pay it forward, Mulalo also works as a volunteer at Rising Females in STEM, as she is also a Rising Female in Technology and Mathematics.
     
    Mulalo said that she has always wanted to be one of the mentors in the Samsung Solve For Tomorrow (SFT) programme. “This SFT opportunity came at the right time and has been an amazing experience. I am learning something new each day from the participating learners and most importantly, how to become a great mentor.”
     
    Nzumbululo Todani, an 18 year old learner from Mbilwi Secondary in Thohoyandou, Limpopo. Nzumbululo is one of the beneficiaries from the SFT contest that challenges students to use STEM (Science, Technology, Engineering and Math) skills to solve real-world problems in their respective, local communities. His participation in the SFT competition has proved to be invaluable – he attributes his academic achievements in 2024 to his experience in the programme. Nzumbululo was awarded the top learner in the province for the 2024 NSC examinations with an average aggregate of 97%. Also, he was awarded for obtaining 300/300 in two gateway subjects: Physical Science and Geography.
     

     
    “When I participated in the contest, I assumed the role of team co-ordinator, managing and planning the daily landscape of the project and doing quality control on the prototype as well as all papers written and the final presentation. The competition left me with invaluable communication, leadership, planning, evaluation and time management skills.”
     
    Thoriso Rangata is a 32 year male entrepreneur and the owner of KTO Digital – a Business Process Automation, Software Development Services and Background Screening Software as a Service (SaaS) solution provider. He currently stays in Johannesburg but is originally from Limpopo and is one of the beneficiaries of the Samsung EEIP Entrepreneurship Development Programme. Thoriso became part of the programme when he responded to a public call for applications. At the time, his business needed support so that they could meet the company’s growth objectives.”

    Since being part of the EEIP programme, Thoriso won the Nedbank Business of the Year Award in 2022. His company also launched their own product and received accreditation for the business as a credit bureau in 2022.
     
    “The other direct benefits that we received from being part of the programme included: Grant Funding, Asset Financing and Continuous Business Mentorship that our business needed in order for us to move forward, Thoriso added. “We strongly believe that the skills we acquired from this EEIP programme, which included Business regulatory governance structures and strategic business growth approaches/methods – have contributed to the success of our business to date.”
     
    Through these education-focused CSR programmes that are driven by technology, Samsung is actively promoting the transfer of critical skills as well as both employment and entrepreneurship opportunities that are needed by the country’s youth and the local economy.
     
    The testimonials from the youth that participated in Samsung’s programmes mentioned above, are a clear indication of the impact the company is making in South Africa. By continuing to fund such programmes, Samsung is working towards winning the fight against youth unemployment, inequality and poverty in the country;  through job creation and the development of a skilled workforce.

    MIL OSI Economics –

    June 13, 2025

  • MIL-Evening Report: Politics with Michelle Grattan: Senator Tammy Tyrrell on wild days in Tasmania

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Tasmanian politics has been thrown into chaos after a Labor motion of no confidence forced Premier Jeremy Rockliff to either resign or call for a new election. The premier opted for the latter, with Tasmanians to vote on July 19, only something over a year into the four-year term.

    In Tasmania, Australia’s smallest state in terms of both size and population, local issues dominate. Labor homed in on economic mismanagement.

    But there is controversy over the Macquarie Point Hobart AFL stadium (which the major parties support) as well as the state’s important salmon industry, which saw a lot of attention federally in the lead-up to the last election.

    To talk all things Tasmanian, we’re joined by Independent Tasmanian Senator Tammy Tyrrell. She was elected in 2022 under the banner of the Jacqui Lambie Network a former member of the party but left last year. We talk about the state election, as well as federal issues and the new Senate.

    Tyrrell laments Tasmanians’ being made to vote again so soon,

    I was out and about on the northwest coast of Tasmania all day yesterday and everybody was like, what the heck is going on? They don’t want to go to an election, the people of Tasmania, they want the parliament to actually be grown ups and sort it out amongst themselves.

    The budget in Tasmania is in a shambles and we’re so far in the red that we can’t see any way out of it. But really? There’s no way that the Labor [party] is going to form government unless they form a minority government and no Tasmanian will support a Labor-Greens government again in a hurry. But I really think that the Liberal government should have elevated somebody else from within to be the leader, to be the premier.

    On her former boss Jacqui Lambie whose party has now collapsed, Tyrrell says it’s because of the kind of person she is,

    [In] the federal election, Jacqui focused outside of Tasmania. She focused on expanding the network. And it didn’t work for her because she didn’t campaign enough here in Tasmania.

    It’s a shame that she’s not supporting the candidate that is still sitting with her under the network. […] I think she should have stuck by Andrew Jenner and supported him through this [Tasmanian] election because he has shown loyalty to her and he has stuck it through thick and thin. So I believe he should be able to run back under the banner.

    Jacqui is a strong person and the network had every chance to be a strong network, but Jacqui [is] not really a team player. She’s more of a single athlete because she’s so determined and strong of her opinion and it’s hard to take a group forward when you’ve got such a strong force that does not communicate sideways very well. She is a strong human being and I still believe in Jacqui but it makes it hard for her to have a team.

    On the salmon farming industry, while Tyrrell voices her support, she agrees that environmental concerns do matter,

    I support any industry that puts jobs and money into small rural and regional communities in Tasmania. I agree that they need to be as eco and as green friendly as possible and I know that the salmon industry is doing things to be clean and as green as possible. But I also believe that we need to look after the people who live and work in Tasmania.

    We can’t sacrifice an industry completely just to satisfy the people that don’t like the salmon industry. I will always support the people of Tasmania and encourage industry and business to be as eco-friendly as possible, which is why we’re encouraging as many biofuels and eco-green fuel companies as possible to come to Tasmania, and thrive here.

    On reports that the Nationals approached her to join their party. Tyrell says while she didn’t seriously consider it, she took it as a “compliment”,

    It was a big compliment though. The Nats represent rural and regional Australia beautifully, by speaking their voice and for them to see that I am representing the people of Tasmania in a good light. It was a huge compliment to be approached to join them. But I’d already been in a relationship and I’m quite happy being a single divorcee.

    It’s amazing being an independent, it means that I can say and do what my community wants me to in their voice without having to agree to broad-sweeping politics or legislative ideas that I don’t agree with fundamentally.

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

    – ref. Politics with Michelle Grattan: Senator Tammy Tyrrell on wild days in Tasmania – https://theconversation.com/politics-with-michelle-grattan-senator-tammy-tyrrell-on-wild-days-in-tasmania-258802

    MIL OSI Analysis – EveningReport.nz –

    June 13, 2025

  • MIL-OSI Russia: China urges US to abide by WTO rules, advance China-US trade relations – China’s Ministry of Commerce

    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

    BEIJING, June 12 (Xinhua) — China calls on the United States to strictly abide by the rules of the World Trade Organization (WTO) and work together with China to promote stable and sustainable development of the two countries’ economic and trade relations based on the principles of mutual respect, peaceful coexistence and win-win cooperation, He Yadong, a spokesman for China’s Ministry of Commerce, said on Thursday.

    He made this statement at a regular departmental press conference in response to a journalist’s question on the matter, emphasizing that China’s position against a unilateral increase in customs duties remains unchanged.

    According to him, from June 9 to 10, the negotiating teams on trade and economic issues between China and the United States held the first meeting in London within the framework of the mechanism of trade and economic consultations between the two countries.

    At the meeting, the two sides reached fundamental agreement on implementing the important consensus reached by the two heads of state during their telephone conversation on June 5 and on the framework of measures to consolidate the results of the trade and economic talks in Geneva, He Yadong said, adding that new progress was also made in resolving mutual concerns in the trade and economic field between the two sides.

    In the future, both sides are willing to make better use of the role of the China-US trade and economic consultation mechanism, continue to maintain consultations and dialogue, constantly strengthen consensus and reduce misunderstandings, and increase interaction to jointly promote the stable and long-term development of trade and economic relations between the two countries. -0-

    MIL OSI Russia News –

    June 13, 2025

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

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., June 12, 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 pricing of its 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 will be 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 will be issued separately.

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

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

    The closing of the offering is expected to occur on or about June 13, 2025, subject to satisfaction of customary closing conditions.

    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 are being 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 will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. When available, 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. Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus, together with the information incorporated by reference therein, for more complete information about the Company and the proposed offering. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

    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 close the described equity financing; its 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/16bcd0fd-ec04-4e10-8493-96c88cbc83a3

    The MIL Network –

    June 13, 2025

  • MIL-OSI Africa: Egypt: African Development Bank to provide $184.1 million for Africa’s largest solar energy and battery storage project


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    The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project and 200MWh battery energy storage system in Egypt, which will be Africa’s largest solar power plant.

    Located in Qena Governorate in southern Egypt, the project entails the design, construction, operation, and maintenance of a photovoltaic power plant with an integrated battery energy storage system. The Egyptian Electricity Transmission Company will be the sole off-taker under a 25-year Power Purchase Agreement.

    The project’s total cost is estimated at more than $590 million. The Bank Group’s financing package includes $125.5 million of ordinary resources, as well as concessional funding from Bank Group-managed Special Funds the Sustainable Energy Fund for Africa  (SEFA) worth $20 million, and the Canada-African Development Bank Climate Fund ($18.6 million), a partnership of the Bank Group and the Government of Canada. A further $20 million will come from the Climate Investment Funds’ Clean Technology Fund, with additional financing to be mobilized from a consortium of development finance institutions.

    Under Egypt’s Nexus of Water, Food, and Energy (NWFE) platform, Obelisk has been granted a Golden License by the government, which recognizes it as a strategic initiative that will contribute to addressing Egypt’s energy constraints and advancing its energy transition.

    Dr. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development and International Cooperation, said “the Obelisk solar project is another important milestone for Egypt under the energy pillar of the NWFE program which has since its launch in November 2022 at COP27 in Sharm El Sheikh delivered 4.2 GW of privately financed renewable energy investments, worth about $4 billion, with the support of partners such as the Africa Development Bank.  The goal of NWFE’s energy pillar is to add 10 GW of renewable energy capacity with investments of approximately $10 billion, and phase out 5 GW of fossil fuel power generation by 2030.”

    The project, expected to be fully operational by the third quarter of 2026, will generate an estimated 2,772 gigawatt-hours of clean, reliable, and affordable energy annually to the national grid. The battery energy storage system will help meet peak evening demand with renewable power while also mitigating the variability of solar power generation. The project is expected to reduce annual carbon dioxide (CO2) emissions by approximately one million tons and create about 4,000 jobs during construction and 50 permanent jobs during operation, with a special focus on women and youth employment.

    “Obelisk is another landmark development under NWFE that leverages on Egypt’s and the African Development Bank’s leadership as well as commitment to harnessing the country’s renewable energy to enhance the resilience of the country’s energy supply to meet its fast-growing energy demand sustainably,” said Kevin Kariuki, African Development Bank Vice President for Power, Energy, Climate, and Green Growth.  “This project also contributes to Egypt’s ambition of producing 42 percent of its power generation capacity from renewable energy sources by 2030 while spurring economic growth and reducing greenhouse gas emissions,”

     Ambassador of Canada to the Arab Republic of Egypt Ulric Shannon said: “Canada is proud to support solar energy development in Egypt. This initiative is a meaningful step toward enhancing energy security and stability, with direct benefits for the Egyptian people. We are pleased to collaborate with the African Development Bank and other partners in supporting Egypt’s transition to a sustainable, low-carbon economy.”

    The Obelisk Solar Project aligns with the African Development Bank’s Ten-Year Strategy, its New Deal on Energy for Africa, and its Country Strategy Paper for Egypt as well as SEFA’s strategic framework which aims to accelerate African countries energy transition by increasing the share of renewables and catalyzing commercial capital mobilization in the power sector. The project also advances Egypt’s commitment to achieve 42 percent generation capacity from renewable energy sources by 2030.

    “This project exploits the abundant renewable energy potential in Africa and demonstrates how strong partnerships and innovative solutions contribute to balancing three core objectives in the energy sector, namely energy security, affordability, and sustainable economic development,” said Wale Shonibare, Director of Energy Financial Solutions, Policy, and Regulation at the African Development Bank. “It has high potential for replicability across the continent.”

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media Contact:
    Olufemi Terry
    Communication and External Relations Department
    o.terry@afdb.org

    Technical Contact:
    James Otto
    Senior Investment Officer
    Energy Financial Solution and Policy Regulations Department
    j.otto@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    MIL OSI Africa –

    June 13, 2025

  • MIL-OSI: Canada’s $80 Billion Defence Modernization Package Signals Strategic Shift—Draganfly Positioned for Rapid Growth with Integration of DND-Specified Radio Systems

    Source: GlobeNewswire (MIL-OSI)

    Toronto, ON , June 12, 2025 (GLOBE NEWSWIRE) — In a decisive move to fortify Canada’s national security capabilities, Prime Minister Mark Carney has announced an $80 billion long-term defence investment package focused on technological modernization, domestic industrial capacity, and unmanned aerial systems (UAS). This landmark announcement, inclusive of robust support for drone development and Canadian manufacturing, marks a generational shift in federal defence procurement strategy.

    Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8), an award-winning, industry-leading drone solutions and systems developer. Draganfly is positioned to contribute to objectives within the Our North Strong and Free (ONSAF) defence policy expansion. Draganfly’s interoperable and multi-mission family of UAS platforms is strategically aligned with stated DND priorities such as “Expanding and Enhancing Existing and Emerging Military Capabilities” related to border security and Arctic sovereignty. Demonstrating this adaptability, Draganfly confirms the successful integration and demonstration of a Department of National Defence (DND)-specified radio communications system into its flagship drone platforms, in addition to several other communication system integrations to support interoperability with existing assets. These integrations help prime the company for eligibility in upcoming federal UAS procurements that emphasize secure, interoperable, and sovereign systems.

    Draganfly, with multiple R&D and Manufacturing sites in Canada, is one of the world’s longest standing commercial UAS manufacturers. The capacity for expansion of domestic production, in combination with long standing strategic relationships that Draganfly holds with various related technologies providers across various Five Eyes regions uniquely positions Draganfly as a technology integrator and solutions provider.

    This week’s developments signal a major policy realignment by Ottawa, anchoring defence spending to strategic domestic priorities such as resilient supply chains, sovereign manufacturing, and interoperability with NATO and Five Eyes partners. The emphasis on drone capabilities and homeland industrial content is particularly relevant in an era marked by asymmetric threats and hybrid warfare.

    Prime Minister Carney’s announcement effectively maps a multi-year demand curve for Canadian aerospace, cybersecure communications, and autonomous systems providers. Analysts anticipate that a minimum of 20% of the $80B envelope will be earmarked for next-generation battlefield technologies, with drones expected to account for a significant share of this investment.

    Draganfly’s ability to support existing architecture and protocols while providing the ability to rapidly test and adopt emerging technologies with domestic manufacturing and engineering expertise is poised to support these pillars of the Defence Modernization package. Adoption of Draganfly product for testing and use by Canadian and US Military Customers and Prime Contractors through 2024 and 2025, validates its platforms for critical applications such as reconnaissance, force protection, and logistics resupply. This positions Draganfly as one of the few Canadian OEMs and Supply Chain Managers capable of delivering mission-ready systems that meet both tactical requirements and industrial policy criteria.

    Strategic Implications for Capital Markets and Domestic Industry

    • Domestic Preference: The federal focus on Canadian manufacturing aligns with the Industrial and Technological Benefits (ITB) policy, making domestically-integrated platforms poised to win procurement bids.
    • Supply Chain Security: In an age of escalating global tensions, Canada is reducing reliance on foreign critical components. Draganfly’s control over its own airframe and avionics IP gives it a defensible advantage.
    • Dual-Use Upside: Beyond military contracts, the integrated communication system enhances the company’s value proposition in emergency response, disaster relief, and public safety markets.
    • Revenue Catalysts: Analysts expect RFIs and RFPs for defence-grade drones to accelerate in the second half of 2025, with contract awards potentially materializing as early as Q1 2026. Draganfly’s early compliance could provide a first-mover advantage.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations can do business and serve their stakeholders. Recognized as being at the forefront of technology for over 25 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

    NASDAQ (DPRO)
    CSE (DPRO)
    FSE (3U8)

    Media Contact:
    Erika Racicot
    Email: media@draganfly.com

    Company Contact:
    Email: info@draganfly.com

    Forward-Looking Statements

    This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to Draganfly’s interoperable and multi-mission family of UAS platforms being strategically aligned with stated DND priorities such as “Expanding and Enhancing Existing and Emerging Military Capabilities” related to border security and Arctic sovereignty as well as the statement regarding analysts’ anticipation that a minimum of 20% of the $80B envelope will be earmarked for next-generation battlefield technologies, with drones expected to account for a significant share of this investment. Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.‎

    The MIL Network –

    June 13, 2025

  • MIL-OSI: Nokia expands IP routing portfolio to utilities with new platforms to boost smart grid modernization

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia expands IP routing portfolio to utilities with new platforms to boost smart grid modernization

    • New routers offer built-in quantum-safe security, advanced synchronization, and automation capabilities—future-proofing mission critical networks.
    • Upgrades enable utilities to evolve their communications infrastructure for smart grid technologies.

    12 June 2025
    Espoo, Finland – Nokia today announced a significant expansion of its industry-leading IP routing portfolio geared towards mission critical networks including utilities that are transitioning to smart grid technologies. Nokia is expanding and enhancing its 7705 Service Aggregation Router (SAR) and Nokia 7250 Interconnect Router (IXR) platforms to address the escalating demand for secure, scalable, and high-performance networking infrastructure.

    Utilities worldwide are rolling out smart grid technologies to tackle multiple urgent challenges at once. These systems are designed to make the grid more resilient in the face of climate disruptions and growing cyber threats. At the same time, they support the integration of distributed energy resources—like rooftop solar and battery storage—crucial for hitting net-zero emissions targets. Smart grids also improve operational efficiency and real-time monitoring through IEC 61850-enabled automation. Beyond technical gains, they help utilities stay compliant with fast-changing regulations and government mandates, ensuring the grid is ready for the future.

    Nokia’s expansion delivers end-to-end, secure, and adaptable IP routing solutions that scale from the enterprise edge to the data center core, helping utilities evolve their communications infrastructure for smart grid technologies. Nokia’s 7705 SAR and 7250 IXR platforms provide advanced capabilities to deliver application-aware communications for TDM and IP/Ethernet services. Built to meet the needs of utilities, the Nokia platforms allow support for legacy protective relays, SCADA RTUs and IEC 61850 IEDs with precise frequency and time synchronization distribution across the grid. Utilities can also counter escalating cybersecurity threats, including those enabled by quantum computing, by deploying Nokia’s advanced quantum-safe MACsec encryption. And because the pervasive use of substation CCTV cameras and sensors continue to drive up bandwidth use, the new Nokia platforms ensure their networks can scale to 100 GE and 400 GE to support these critical applications and future high-capacity services.

    “Our energy customers are demanding networks that not only deliver bandwidth but also endure the harshest conditions, meet strict timing needs, and prepare them for quantum-era threats. With these latest additions, we’re reinforcing our commitment to mission-critical connectivity, building on the proven versatility of our Nokia 7705 SAR and 7250 IXR platforms to give utilities unmatched flexibility, performance, and security,” said Vach Kompella, Senior Vice President and General Manager, IP Networks, Nokia.

    Resources and additional information
    Product Page: Nokia 7705 Service Aggregation Router
    Product Page: Nokia 7250 Interconnect Router
    Web Page: Power utilities

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

    June 13, 2025

  • MIL-OSI: Upexi CEO and CSO to Host Fireside Chat on Thursday, June 26th at 11:00 a.m. ET

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., June 12, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced that it will host a fireside chat with Allan Marshall, Chief Executive Officer, and Brian Rudick, CFA, Chief Strategy Officer, on Thursday, June 26, 2025, at 11:00 a.m. ET.

    During the fireside chat, management will discuss the digital asset treasury company business model, Upexi’s multiple compounding value accrual mechanisms, and the Company’s strategy to grow its lead as the premier Solana treasury company.

    Fireside Chat Details
    Date: Thursday, June 26, 2025
    Time: 11:00 a.m. ET
    Webcast: https://ir.upexi.com/news-events/ir-calendar

    There will be a question and answer session at the conclusion of the fireside chat, and a link to the recording will be available on the ‘News and Events’ section of Upexi’s Investor Relations website after the event.

    About Upexi, Inc.
    Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the cryptocurrency industry and cash management of assets through a cryptocurrency portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.

    Follow Upexi on X – https://twitter.com/upexitreasury
    Follow CEO, Allan Marshall, on X – https://x.com/marshall_a22015
    Follow CSO, Brian Rudick, on X – https://x.com/thetinyant

    Forward Looking Statements
    This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the anticipated use of proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

    Company Contact
    Brian Rudick, Chief Strategy Officer
    Email:brian.rudick@upexi.com
    Phone: (216) 347-0473

    Investor Relations Contact
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    Email: Upexi@KCSA.com
    Phone: (212) 896-1254

    The MIL Network –

    June 13, 2025

  • MIL-OSI: SINTX Technologies Announces Strategic Vision Focused on Expansion Across Key Sectors

    Source: GlobeNewswire (MIL-OSI)

    New leadership and recapitalization to accelerate commercialization of proprietary silicon nitride technologies in medical and high-growth markets

    SALT LAKE CITY, Utah, June 12, 2025 (GLOBE NEWSWIRE) — SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”), the only FDA-registered producer of implantable silicon nitride and a global leader in advanced ceramics, today announced a renewed corporate vision and strategic plan to accelerate commercialization and unlock the full value of its intellectual property portfolio. This follows the company’s successful recapitalization in February 2025 and the restructure of its leadership team and Board of Directors.

    A Legacy of Innovation in Silicon Nitride

    In 2008 SINTX Technologies made history with the first FDA-cleared implant material that is neither metal nor plastic—but medical-grade silicon nitride. The initial clearance covered a family of interbody devices and marked a pivotal moment in spinal surgery. These implants offered a unique trifecta of benefits: antimicrobial activity, osteogenic potential, and radiographic translucency. With over 50,000 spinal implants successfully placed worldwide, SINTX has demonstrated the clinical viability and long-term advantages of this revolutionary biomaterial.

    Today, SINTX remains the industry leader in silicon nitride technology, with 18 issued U.S. patents and 84 pending applications. Known for its strength, biocompatibility, and infection-resistant properties, the company’s proprietary ceramic platform has applications across multiple markets—including the $62 billion global orthopedic implant sector, as well as emerging fields like agribiotech and performance textiles.

    Renewed Vision and Mission

    SINTX is now taking this one step further by developing next-generation hybrid biomaterials that combine the biological performance of silicon nitride and merging the flexibility, and manufacturability of polymers like PEEK and PEKK. These new composites are being optimized for applications in spine, oral/maxillofacial (OMF), cranio-maxillofacial (CMF), and oncologic reconstruction.

    “Our mission is clear: to drive sustainable growth and value creation by collaborating with market leaders who recognize the transformative potential of silicon nitride,” said Mr. Eric Olson, CEO of SINTX Technologies. “With a strengthened balance sheet and a robust intellectual property portfolio, we are uniquely positioned to accelerate commercialization and deliver superior outcomes for patients, customers, and shareholders alike.”

    Strategic Initiatives and Market Expansion

    SINTX is actively pursuing strategic partnerships and licensing opportunities to expand the reach of its technology. The company’s near-term focus includes:

    • Joint Ventures: Collaborating with established manufacturers in orthopedics, wound care, agribiotech, and other potential sectors to integrate silicon nitride into next-generation products.
    • IP Monetization: Unlocking value from its extensive patent portfolio through licensing agreements and technology transfer initiatives.
    • Operational Excellence: Enhancing AI supported 3D manufacturing capabilities at its FDA cleared and ISO certified headquarters to support anticipated growth and ensure the highest quality standards.

    Commitment to Stakeholders

    As SINTX enters this new era, the Company reaffirms its commitment to transparency, disciplined execution, and long-term value creation for all stakeholders.

    “We are grateful for the continued support of our shareholders and partners,” said Mr. Olson. “Together, we will realize the full potential of silicon nitride and secure SINTX’s position as a leader in advanced ceramics.

    For more information, please visit www.sintx.com.

    About SINTX Technologies, Inc.

    Located in Salt Lake City, Utah, SINTX Technologies is an advanced ceramics company that develops and commercializes materials, components, and technologies for medical and agribiotech applications. SINTX is a global leader in the research, development, and manufacturing of silicon nitride, and its products have been implanted in humans since 2008. Over the past several years, SINTX has utilized strategic acquisitions and alliances to enter new markets. For more information on SINTX Technologies or its materials platform, visit www.sintx.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”) that are subject to a number of risks and uncertainties. Forward-looking statements can be identified by words such as: “anticipate,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods.

    Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management’s current estimates, projections, expectations and beliefs. Forward looking statements include our efforts to develop next-generation hybrid biomaterials, our expectation that will drive sustainable growth and value creation, and that we will expand the reach of our technology pursuing strategic partnerships and licensing opportunities. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, difficulty in developing and commercializing medical device technologies. A discussion of other risks and uncertainties that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements can be found in SINTX’s Risk Factors disclosure in its Annual Report on Form 10-K, filed with the SEC on March 19, 2025, and in SINTX’s other filings with the SEC. SINTX undertakes no obligation to publicly revise or update the forward-looking statements to reflect events or circumstances that arise after the date of this report, except as required by law.

    Business and Media Inquiries for SINTX:
    SINTX Technologies, Inc.
    801.839.3502
    IR@sintx.com

    The MIL Network –

    June 13, 2025
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