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Category: Business

  • MIL-OSI: Ehave Snaps Up AI Headhunter for $10M, Signaling Commitment to AI

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 03, 2025 (GLOBE NEWSWIRE) — Ehave, Inc., (OTC Pink: EHVVF) (the “Company”) today announced the acquisition of AIHeadHunter, an artificial intelligence-powered recruitment platform, through an asset purchase agreement. The transaction marks a significant step in Ehave’s strategic shift toward becoming a developer and operator of applied AI solutions.

    Under the terms of the agreement, Ehave acquired the assets of AIHeadHunter from Klizo Ventures Inc. The acquired assets include proprietary software, intellectual property, branding, domain names, and other related technologies and materials. The purchase price consists of $2.7 million in newly created Series A Convertible Preferred Stock and 100 million shares of common stock. The Preferred Stock is convertible into common shares at a rate determined by a volume-weighted average price formula and is subject to shareholder approval of an amendment to Ehave’s articles of incorporation. As a result of the transaction, Klizo Ventures Inc. will own more than 5% of Ehave’s outstanding shares and be considered an affiliate under applicable securities regulations.

    The agreement also includes performance-based earnouts of up to $7 million in additional Preferred Stock, tied to specific revenue and customer milestones.

    Ben Kaplan, CEO of Ehave, said, “This acquisition positions us to capitalize on the tremendous opportunity in workforce automation and AI-driven recruitment. Our long-term vision is to incubate and scale platforms like AIHeadHunter that solve real-world inefficiencies.”

    Since its last public update on Dec. 31, 2024, Ehave has been operating intentionally under the radar while executing a strategic realignment. Behind the scenes, the company has been focused on structuring several game-changing transactions to accelerate its evolution into a data-driven technology platform. The acquisition of AIHeadHunter marks the first in a series of planned initiatives aimed at delivering intelligent, AI-powered solutions. As Ehave transitions into a company committed to transforming the way people live and work through artificial intelligence, it remains focused on developing practical, user-centric tools that turn raw data into meaningful insights.

    “This is just the beginning,” Ben Kaplan continued. “We are rebuilding Ehave from the inside out and our process is driven by intelligent systems designed to solve real, large-scale problems.”

    A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/f88b0e8d-6997-4ac9-bfdc-da2cf6a61c2a

    AIHeadHunter Targets Recruitment Inefficiencies

    The global staffing and recruiting market, valued between $619 billion and $757 billion in 2024, is projected to exceed $2 trillion by 2033, growing at a compound annual rate of approximately 13%. Yet despite its size, the industry remains burdened by inefficiencies: the average time to fill a position is 44 days, often surpassing 60 days for high-skill roles, and the average cost per hire is $4,700, excluding onboarding and ramp-up costs. According to Klizo Solutions analysis, recruiters still spend up to 70% of their week on manual sourcing and resume screening, while 60% of job seekers abandon applications when the process is too long or complex. With Gartner forecasting that over 40% of enterprise recruiting tasks will be fully automated by 2026, platforms like AIHeadHunter are well positioned to shorten fill times, cut sourcing costs, and capture meaningful share in a rapidly growing, multibillion-dollar market.

    AIHeadHunter is designed to streamline executive recruitment and talent sourcing through automation and advanced data analysis. The platform will be powered by technology licensed from Interview Screener, a backend AI interview and resume analysis platform built by Klizo Solutions founder Joey Ricard.

    Ehave has established a wholly owned subsidiary to operate AIHeadHunter, with Ricard appointed as president. Ricard brings more than a decade of experience in building scalable AI infrastructure for Fortune 500 companies and public agencies.

    Joey Ricard, founder of Klizo Solutions and President of Ehave’s new AI subsidiary, said, “The recruiting industry is overdue for intelligent automation. With AIHeadHunter, we’re not just digitizing old processes—we’re fundamentally rethinking how talent is discovered, qualified, and delivered. This platform is built to solve real bottlenecks for recruiters and hiring teams, and we’re excited to bring it to market with Ehave.”

    “Joey is more than just a technologist—he’s a proven product visionary and operator,” Kaplan said. “He will lead roadmap development, integration and go-to-market strategy across our AI initiatives.”

    Regulatory Progress and Market Expansion

    Ehave is currently compliant with the OTC Markets’ new OTCID (OTC Issuer Data) requirements, ensuring enhanced transparency and reporting standards for investors. The company also plans to apply for uplisting to the OTCQB Venture Market, a designation that offers increased visibility and credibility with institutional and retail investors.

    Funding and Go-to-Market Plans

    Ehave intends to fund the new subsidiary using proceeds from a planned Regulation A offering, with an initial $1 million budget over 12 months. The company expects AIHeadHunter to launch its enterprise pilots and SaaS offering in the third quarter of 2025.

    About Ehave Inc.

    Ehave Inc. (OTC: EHVVF) is a data-focused technology company committed to transforming the way people live and work through artificial intelligence. With a mission to make data behave, Ehave develops practical, user-centric solutions that convert raw information into actionable insights. The company is focused on bridging the gap between cutting-edge AI advancements and their real-world applications, building tools that deliver tangible value for individuals and businesses alike. For more information, visit www.ehave.com. Follow Ehave, Inc. on X at https://x.com/Ehaveinc.

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the USA FDA and its regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement unless required by law. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is contained under the heading “Risk Factors” in Ehave, Inc.’s Registration Statement on Form F-1 filed with the Securities and Exchange Commission (SEC) on September 24, 2015, as amended, which is available on the SEC’s website, http://www.sec.gov.

    For Media and Investor Relations, please contact:

    David L. Kugelman
    (866) 692-6847 Toll Free – U.S. & Canada
    (404) 281-8556 Mobile and WhatsApp
    Email: Ir@Ehave.com

    The MIL Network –

  • MIL-OSI: Skyward Specialty Launches Aviation Unit Following Acquisition of Acceleration Aviation Underwriters’ Assets

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 03, 2025 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc.TM (Nasdaq: SKWD) (“Skyward Specialty” or “the Company”) a leader in the specialty property and casualty (P&C) market, announced its entry into the specialized aviation market with the launch of a new Aviation underwriting unit. The expansion follows the Company’s acquisition of the assets of Acceleration Aviation Underwriters (“Acceleration”) and builds on a strategic partnership between the two companies initiated last year.

    This move marks a bold step forward in the Company’s ongoing growth strategy, leveraging technology and data-driven underwriting to expand into highly specialized and underserved markets.

    “For the Acceleration team, this is the culmination of our decades long career, and I am very proud to join Skyward Specialty to see our legacy continue,” said Chris Jones, founder of Acceleration Aviation Underwriters. “With Skyward Specialty’s growth-driven strategy and our deep underwriting knowledge, we have the backing and scale to realize the full potential of our business. I am very excited to be part of this next phase in Acceleration’s future and establish Skyward Specialty’s place in the aviation market.”

    With the acquisition, Skyward Specialty gains a seasoned team of aviation experts with a proven track record of success in niche, underserved segments, which is an ideal complement to the Company’s focus on complex and hard-to-place risks.

    “Over the past couple of years, we have built a terrific relationship with the Acceleration team including as a program manager writing on behalf of Skyward Specialty. They’ve carved out a smart, sustainable niche, particularly in smaller, overlooked risks within the aviation market and we find this is fits well within our strategy,” said Andrew Robinson, Chairman & CEO of Skyward Specialty. “By combining their deep expertise with our advanced analytics and tech-enabled underwriting capabilities, we are well positioned to scale this business and strengthen our position in the aviation market. This integration further reflects our commitment to our strategy to invest in specialty markets where insights, precision and innovation drive lasting value.”

    About Skyward Specialty
    Skyward Specialty (Nasdaq: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through nine underwriting divisions — Accident & Health, Agriculture and Credit (Re)insurance, Captives, Construction & Energy Solutions, Global Property, Professional Lines, Specialty Programs, Surety and Transactional E&S.

    Skyward Specialty’s subsidiary insurance companies consist of Great Midwest Insurance Company, Houston Specialty Insurance Company, Imperium Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are rated A (Excellent) with a stable outlook by A.M. Best Company. For more information about Skyward Specialty, its people, and its products, please visit skywardinsurance.com.

    Media Contact
    Haley Doughty
    Skyward Specialty Insurance Group
    713-935-4944
    hdoughty@skywardinsurance.com

    Investor Contact
    Natalie Schoolcraft
    Skyward Specialty Insurance Group
    614-494-4988
    nschoolcraft@skywardinsurance.com

    The MIL Network –

  • MIL-OSI: Keeping Pace with Evolving Security Features: Regula Upgrades the 4306 Comparator for Advanced Forensics

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., June 03, 2025 (GLOBE NEWSWIRE) — Regula’s top-selling video spectral comparator has undergone a major redesign to meet the growing complexity of modern-day document examination. The new modification Regula 4306M incorporates enhanced light sources and a high-resolution camera, ensuring forensic experts can detect even the most intricate protective elements. This upgrade strengthens document examination capabilities across forensic labs, border control points, and law enforcement agencies.

    The upgraded video spectral comparator Regula 4306M

    The Regula 4306M boasts a wide spectrum of different light sources, including ones new to this model. Among such light modes are:

    • Newly developed multifunctional coaxial light that enables the visualization of embossing, retroreflective security features, and polycarbonate reliefs.
    • Enhanced Anti-Stokes visualization with long exposure that helps forensic experts to detect previously invisible luminescence details, crucial for examining advanced security elements.
    • Intensified diffused white light source to optimize the visualization of DID (diffractive identification) security elements and OVD (optical variable device) effects that change color or image depending on the angle of observation.

    “Document examination heavily depends on the quality of visualization. The more accurately a forensic device captures fine details, the more effective the analysis becomes. Elements like microprinting, watermarks, and optically variable features are designed to be difficult to replicate, but nothing is impossible for fraudsters. Without the right visualization techniques, even the most experienced experts may miss critical signs of forgery. That is why we invest so much research and development into constantly upgrading our devices,” explains Alex Lewanowicz, Director of Hardware Engineering at Regula.

    To maximize the examination capabilities, Regula 4306M provides:

    • 60x magnification and up to 18,900 ppi for document images thanks to its custom-designed high-resolution built-in 8 MP camera.
    • 40+ light sources covering even the rarest document examination scenarios.
    • 100% LED-based illumination for precision lighting control.
    • 3D visualization for analyzing surface relief, intersecting strokes, and printing techniques.
    • Large-object examination capabilities, allowing experts to inspect not only identity documents and banknotes, but oversized objects as well.

    The new Regula 4306M is controlled via Regula Forensic Studio operating software, an out-of-the-box cross-platform solution that facilitates document examination and creates a smooth user experience. Powered by Regula Document Reader SDK, this software makes it possible to fully automate ID authenticity verification: the device can recognize the document type and validate all its data from the MRZ, RFID chip, and barcodes in mere seconds with zero risk of human-related errors.

    Most importantly, the upgraded Regula 4306M delivers versatile capabilities for in-depth document examination in a space-saving and cost-efficient form, which makes it an affordable solution for any forensic lab.

    For more information about the capabilities of the redesigned Regula 4306M, visit Regula’s official website.

    About Regula

    Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification.

    Learn more at www.regulaforensics.com.

    Contact:
    Kristina – ks@regulaforensics.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/409ad273-8cca-41af-be70-21aa1516836f

    The MIL Network –

  • MIL-OSI: Provident Bank Mid-Year Survey Shows Business Owners Balancing Tariff Concerns with Economic Optimism

    Source: GlobeNewswire (MIL-OSI)

    ISELIN, N.J., June 03, 2025 (GLOBE NEWSWIRE) — Provident Bank, a leading New Jersey-based financial institution, has released the results of its Mid-Year Business Outlook Survey, taking stock of business owner sentiment as they navigate a nuanced macroeconomic environment dominated by looming tariffs. This year’s survey revealed positivity around the economy, with lingering concerns around the impact of tariffs and businesses making short-term decisions that reflect this uncertainty.

    Business owners believe the economy will grow, yet there is mixed sentiment around tariffs.
    Overall, business owners believe the economy will grow in the back half of 2025, yet their view of tariffs is less positive. While the full effect of tariffs has yet to be felt, general sentiment is that they aren’t good for the economy.

    • Over 60% of businesses believe the economy will grow over the next six months. Yet, there is a clear level of dissatisfaction with the ongoing tariff policies, as over 55% of respondents believe they’re having a negative impact on the United States.
    • Over 70% of respondents are “very” to “moderately” concerned about the impact of tariffs on their businesses. However, the impact to date has been minimal, with over 80% of businesses saying there has been “somewhat of an impact” or “none”.
    • When looking at tariffs across the board, over 35% said to keep tariffs in some capacity, 45% said to eliminate them altogether, and just under 20% said to keep them as proposed. Over 50% of respondents said tariffs are making the United States weaker.

    Businesses anticipate tariff consequences, though the full effect is yet to be seen.
    Most business owners expect tariffs to affect their revenue, with many using careful inventory management and sales promotions to lessen the potential effect. Regarding future planning, respondents noted delaying capital expenditures, and most reported no change in hiring practices.

    • Over half of respondents believe that tariffs will, in some capacity, decrease their business’ revenue.
    • Responses to inventory adjustments were closely split. 32.55% noted that they have adjusted their inventory levels, and 31.69% are still evaluating.
    • Regarding hiring, just under 30% are planning to halt hiring, while nearly 50% say that their hiring plans remain unchanged.
    • Most business owners aren’t taking immediate action on sales promotions to account for weaker demand, with 34% taking no action and just over 30% still evaluating.
    • The slight majority (41.68%) of respondents are planning to delay major capital expenditures. In addition, just over 37% of businesses expect to pass the cost of tariffs onto their customers, and just under 30% expect to absorb the cost.

    “Despite business owners voicing concerns about tariffs, our survey demonstrates a positive growth outlook in the near future,” stated Bill Fink, Executive Vice President, Chief Lending Officer at Provident Bank. “We’re observing businesses strategically adapting to this environment by proactively managing inventory and planning capital expenditures. At Provident Bank, we deeply understand our clients’ businesses through close partnerships, which allows us to effectively address their unique challenges. We are dedicated to providing the financial support and resources they need to thrive in today’s dynamic lending landscape, leveraging our in-depth knowledge of their operations.”

    The survey was conducted by Pollfish, a market research provider, on behalf of Provident Bank. The findings are based on responses from 1,000 business owners and senior executives in the U.S. working for companies with over $1M in annual revenue. To access the full findings, please contact Provident Bank’s Public Relations Agency, Vested, at providentbank@fullyvested.com.

    About Provident Bank
    Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of $24.22 billion as of March 31, 2025, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of more than 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768.

    Media Contact:
    Keith Buscio – Keith.Buscio@provident.bank
    Vested – Providentbank@fullyvested.com

    The MIL Network –

  • MIL-OSI: New Data Demonstrates Significant Clinical and Quality-of-Life Benefits of Flexitouch® Plus in Treating Lymphedema Among Head and Neck Cancer Survivors

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, June 03, 2025 (GLOBE NEWSWIRE) — Tactile Systems Technology, Inc. (“Tactile Medical”; the “Company”) (Nasdaq: TCMD), a medical technology company providing therapies for people with chronic disorders, today announced the presentation of new clinical data at the American Society of Clinical Oncology (ASCO) 2025 Annual Meeting that demonstrates significant clinical and quality-of-life benefits associated with use of the Company’s Flexitouch Plus versus usual care in treating patients with head and neck cancer-related lymphedema.

    “Current modalities for managing head and neck cancer-related lymphedema include therapist guided lymphedema treatment and lifelong home-based self-care. However, data shows that patients face substantial barriers to accessing these modalities, which limits the number of patients receiving treatment and delaying therapy initiation for those who do,” said Principal Investigator, Barbara Murphy, MD, Professor of Medicine, Director, Head and Neck Research Program, and Director, Pain and Symptom Management Program at Vanderbilt-Ingram Cancer Center. “Our study found that advanced pneumatic pump technology provides a feasible alternative that reduces swelling, increases speed to initial therapy, and generates strong quality-of-life outcomes.”

    The two-month analysis featured data from the Company’s six-month clinical trial, which examines the effectiveness of Flexitouch Plus, an advanced pneumatic compression device (APCD), versus usual care in treating lymphedema among head and neck cancer survivors. The study includes 236 subjects across 10 academic and community sites, representing the largest prospective, randomized controlled study on this patient group ever conducted in the United States. Outcome measures include changes in disease-specific patient-reported symptom survey scores and objective clinical assessments, including CT imaging.

    Two-month data demonstrated that usual care and APCD are similarly effective treatment modalities for head and neck lymphedema. Specific areas of differentiation showed:

    • Usual care participants took an average of 29.8 days to begin therapist guided lymphedema treatment (TGLT), while APCD participants received their device in 17.9 days;
    • Of participants randomized to usual care, only 71% received TGLT compared to 94.9% of those in the APCD group;
    • APCD participants had significant reduction in swelling via digital photography and total Head and Neck Cancer Related Lymphedema and Fibrosis Grading (HN-LEFG) scores while usual care participants exhibited marginal improvements; and
    • Self-reported symptom improvement occurred in both groups, with APCD demonstrating significant improvement on three of the six health-related quality-of-life sub scales.

    “Tactile is committed to elevating lymphedema therapy with meaningful evidence generation, and these early results validate Flexitouch Plus as an effective option in treating head and neck cancer-related lymphedema,” said Sheri Dodd, Chief Executive Officer of Tactile Medical. “90% of head and neck cancer survivors will develop lymphedema, and we are pleased to provide a solution that supports the patient’s needs and timeline for effective symptom management. We look forward to the six-month results from this significant trial later this year. We expect this to support more expansive reimbursement coverage by commercial payers, inform clinical guidelines, and drive broader patient and provider awareness, ultimately improving access to care.”

    Flexitouch Plus is an FDA-cleared therapy designed for at-home treatment of lymphedema, chronic edema, chronic venous insufficiency (CVI), and chronic wounds.*

    About Tactile Systems Technology, Inc. (DBA Tactile Medical)

    Tactile Medical is a leader in developing and marketing at-home therapies for people suffering from underserved, chronic conditions including lymphedema, lipedema, chronic venous insufficiency and chronic pulmonary disease by helping them live better and care for themselves at home. Tactile Medical collaborates with clinicians to expand clinical evidence, raise awareness, increase access to care, reduce overall healthcare costs and improve the quality of life for tens of thousands of patients each year.

    Investor Inquiries:
    Sam Bentzinger
    Gilmartin Group
    investorrelations@tactilemedical.com

    *Individual results may vary. For full prescribing information, including contraindications, warnings and instructions for use, please visit www.tactilemedical.com

    The MIL Network –

  • MIL-OSI: Industry Heavyweights Join Orchid Security to Break the Bonds Holding Back IAM Innovation

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) — Orchid Security, the company bringing clarity to the complexity of enterprise identity security, today announced the addition of four renowned identity and access management (IAM) experts to its leadership and advisory board: Tal Herman, Darran Rolls, Karl McGuinness and Oliver Newbury. Together, they aim to help Orchid Security revolutionize the IAM landscape, an industry long constrained by the costly and time-consuming nature of manual implementation. With advances in AI, Orchid is fundamentally redesigning how enterprises consume identity – an imperative shift in today’s uncertain business environment.

    An industry whose remarkable innovation has been held back by the manual process of implementation – a time-consuming, expensive and increasingly incomplete process spanning years for each new identity technology. This fundamental redesigned approach to the way organizations consume identity is not only possible now with advances, but also imperative, given the uncertain business environment and emphasis on sound financial management at most every enterprise.

    Industry-Leading Experts Driving the Change

    Tal Herman, Chief Product Officer, Orchid Security
    With nearly two decades of experience in enterprise identity – at CA Technologies and later as a product manager at OneLogin, ForgeRock and most recently Okta – Tal Herman brings both end user and technology vendor experience to Orchid Security. At Okta, she led strategy for the Privilege Access Management (PAM) and Identity Governance and Administration (IGA) product lines, guiding strategic vision and direction for multiple product units. Across companies, Herman has brought innovative identity offerings from initial concept to reality to mainstream market adoption by millions of users.

    “What I really love about Orchid is that we tackle the hard problems first,” said Herman. “We’re using modern advances like observability, prompt engineering and LLMs to automate what has historically been a manual grind. Orchid bridges that gap by automating what was once manual and unlocking innovation across the identity stack. I am excited that identity is where it belongs – at the center of everything. There is no place other than Orchid Security that I would rather be.”

    Karl McGuinness, Orchid Advisor
    Tal is joined by former Okta colleague, Karl McGuinness, who served as their SVP and Chief Product Architect, instrumental in building the core identity services and APIs that provide the foundation of Okta identity layer ー a key force that shaped Okta into the industry leader it is today. Karl has over 15 years of experience building and scaling mission critical identity infrastructure as a developer, software architect and product owner.

    “Orchid is fundamentally changing the game,” said McGuinness. “By using AI to onboard applications with context and at scale, Orchid unlocks the massive value that’s currently unrealized in today’s IAM tools.”

    Darran Rolls, Orchid Advisor
    Former SailPoint CTO and CISO, Darran Rolls, also joins the advisory board. Rolls brings 25 years of leadership across Tivoli Systems-IBM, Waveset Technologies, Sun Microsystems and SailPoint. Darran brings unmatched depth in IAM architecture and innovation and his tenure in the IAM space has made him a fervent believer in the mantra that “you can’t manage what you don’t see.”

    “Traditional IAM is great for managing the things you know about and have brought into your program scope, but it’s the unknown-unknowns that pose the greatest risk,” said Rolls. “Orchid brings a unique perspective to the process of application discovery, prioritization, integration and remediation. By leveraging their new approach and next-gen AI-enabled capabilities, Orchid has the potential to change the way we think about identity controls and lifecycle management.”

    Oliver Newbury, Orchid Advisor
    With over 15 years as CISO and CTO at Barclays and BT, Oliver Newbury brings deep enterprise executive experience to the group. Now a Senior Advisor with TPG Capital, Newbury knows firsthand the challenge of implementing identity tools in complex global environments.

    “The great identity innovation has been held back by the greater challenge of identity implementation,” said Newbury. “Orchid is solving that challenge with automation, fully delivering on the promise of modern IAM.”

    A New Chapter for Enterprise Identity

    As enterprises face increasing pressure to do more with less, Orchid Security’s AI-driven approach to IAM offers a timely and transformative solution – one where enterprise identity can be discovered, onboarded and optimized autonomously. This shift not only streamlines operations but returns millions in prospective cost savings to the average enterprise while improving their identity security posture.

    About Orchid
    Orchid Security is an identity security orchestration platform—leveraging Open Telemetry, Prompt Engineering and Large Language Models (LLMs)—to unify and secure complex identity environments across enterprises. Founded by AI and cybersecurity experts Roy Katmor, Robert Weisman, and Ido Kelson, and backed by Intel Capital and Team8, Orchid enables large organizations to reduce the costs and effort of identity and access management (IAM), while maintaining compliance and security across their digital infrastructure. Its platform facilitates the continuous discovery of both self-hosted and SaaS applications, assessment of their native identity controls (and gaps), and remediation of compliance and cyber exposure from a single point of control—without extensive effort or application recoding.

    Media Contact
    Chloe Amante
    Montner Tech PR
    camante@montner.com

    The MIL Network –

  • MIL-OSI: Intermex and Houston Dynamo FC Partner to Celebrate Latino Heritage and the Spirit of Fútbol

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 03, 2025 (GLOBE NEWSWIRE) —  International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”, a leading money remittance provider to Latin America and the Caribbean, today announced a new official partnership with Houston Dynamo FC, one of Major League Soccer’s most community-driven teams. This collaboration unites two organizations deeply committed to uplifting and celebrating Latino culture through the unifying passion of soccer.

    Soccer is the fastest-growing sport in the United States, with more than 85 million fans nationwide. In Houston, a city where over 45% of the population identifies as Latino, the connection runs even deeper. Latino fans make up nearly 70% of the MLS audience, making the city a natural home for this partnership. Together, Intermex and Houston Dynamo FC aim to champion cultural pride, family connection, and community empowerment.

    “Intermex is the only remittance company built by Latinos for Latinos. Partnering with Houston Dynamo FC allows us to celebrate that shared heritage and connect with our customers beyond financial services, through a sport that speaks to identity, passion, and tradition,” said Marcelo Theodoro, Chief Product, Marketing & Digital Officer at Intermex.

    “We are thrilled to welcome Intermex to the club, they are a cutting-edge organization that shares our commitment to elevating our community and fostering civic pride,” Dynamo Vice President of Corporate Partnerships, Ben Carruthers said. “Intermex’s dedication to serving diverse communities aligns perfectly with our mission both on and off the pitch. Together, we look forward to delivering exciting experiences to our fans and supporting the vibrant, diverse culture synonymous with our city.” Through this partnership, Intermex and Houston Dynamo FC will collaborate on in-stadium experiences, community events, and cultural celebrations that highlight and honor the vibrancy of the Latino community.

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

    About Houston Dynamo FC
    Houston Dynamo FC is a Major League Soccer team and part of the Houston Dynamo Football Club, a multi-faceted organization that includes the Dynamo, the Houston Dash and the Houston Dynamo Academy, and Dynamo and Dash Charities. Ted Segal acquired a majority ownership interest in HDFC in June 2021 and serves as the chairman of the Club. Under his leadership the organization completed a multi-million-dollar renovation of Shell Energy Stadium in March 2023 and the Club moved into a 27,000 square foot headquarters in East Downtown in July 2023. Houston Dynamo FC has won two MLS Cup championships, two Lamar Hunt U.S. Open Cups and four conference championships in its first 19 seasons and has qualified to represent the United States in international competition eight times. The team trains at the Champions Field at Houston Sports Park (HSP), the premier training facility in Southeast Texas, and plays its home matches at Shell Energy Stadium in downtown Houston. For more information, log on to www.HoustonDynamoFC.com or call (713) 276-7500.    

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

    The MIL Network –

  • MIL-OSI: Fierce Medtech Names AI Pathology Leader Proscia to 2025 Fierce 15

    Source: GlobeNewswire (MIL-OSI)

    PHILADELPHIA, June 03, 2025 (GLOBE NEWSWIRE) — Proscia®, a software company accelerating pathology’s transition to digital and AI, today announced its inclusion in Fierce Medtech’s “Fierce 15” of 2025. This annual list honors private companies making an outsized impact on healthcare. Proscia earned its spot for its AI pathology leadership across the precision medicine value chain.

    Proscia’s Concentriq® platform delivers a uniquely comprehensive approach to AI from drug discovery to diagnostics. It incorporates a portfolio of best-in-class applications, tools for building algorithms, and AI-native features into routine workflows, helping its user base of over 12,000 pathologists and scientists to drive efficiencies, identify novel biomarkers, and develop and deploy companion diagnostics. Concentriq is trusted by 16 of the top 20 pharmaceutical companies as well as major laboratories set to diagnose 32,000 patients per day on the platform this year.

    “AI in pathology is about much more than use case-specific applications and individual foundation models,” said David West, Proscia’s CEO. “We’re equipping both life sciences organizations and diagnostic laboratories to fully harness AI’s potential to rewire pathology and drive precision medicine forward. Fierce Medtech’s recognition validates the impact of our broad approach for our users and patients.”

    This honor builds on a series of high-impact milestones for Proscia. Last week, Labcorp announced it adopted Concentriq LS to accelerate clinical trials and companion diagnostic development as part of its expanded precision oncology portfolio. Proscia also recently launched Concentriq Embeddings to accelerate AI development with foundation models, demonstrating a 13x efficiency gain. Additionally, the company introduced a real-world data offering enabling data scientists to leverage over 10 million pathology images with associated clinical and genomic data to fuel their AI algorithms.

    Proscia is continuing to accelerate its momentum. In March, the company announced $50M in funding led by Insight Partners to increasingly weave AI into Concentriq’s core and drive its commercial growth. The company is also adding to the 120+ research and diagnostic applications already available on the platform through its precision medicine AI portfolio.

    Proscia will demonstrate the accessibility of its AI development tools at the Digital Pathology & AI Congress in its hometown of Philadelphia. On June 4, it will host a pre-conference workshop where participants can build functional AI applications in under two hours without programming experience. Learn more about ‘From Pixels to Insight’ and register to attend here.

    View the full Fierce 15 list here.

    About Proscia
    Proscia is a software company accelerating pathology’s transition to a digital, data-driven discipline and enabling AI to advance precision medicine. Its Concentriq enterprise pathology platform, precision medicine AI portfolio, and real-world data fuel the development and use of novel therapies and diagnostics to drive the fight against humanity’s most challenging diseases, like cancer. 16 of the top 20 pharmaceutical companies and a global network of diagnostic laboratories rely on Proscia’s solutions each day. The company has FDA 510(k) clearance and CE-IVDR certification for its diagnostic software. For more information, visit proscia.com, and follow Proscia on LinkedIn and X.

    Contact:
    Sydney Fenkell
    VP, Marketing Communications
    sydney@proscia.com
    215.816.3436

    The MIL Network –

  • MIL-OSI: Genesis Brings Roadshow Tracking to Bond Deal Solution

    Source: GlobeNewswire (MIL-OSI)

    LONDON and NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) — Genesis Global, the AI-native application development platform purpose-built for financial markets organizations, added bond deal Roadshow tracking tools to its Primary Bond Issuance (PBI) solution.

    According to Coalition Greenwich, 65% of institutional investors use roadshow data to evaluate deals before they formally enter the market, particularly for high-yield and emerging markets bond deals. With the new Roadshow functionality, PBI provides data management and workflow tools for the entire bond deal lifecycle.

    “Bringing roadshow data into a collaborative, repeatable investment process enables asset managers to get ahead of the market,” said Mike Grogan, Buyside Business Development Director at Genesis Global. “Our solution reduces the pressure asset managers face on pricing days, because investment teams can do their analysis and prepare orders in advance and then simply amend them, if needed, when deals launch.”

    PBI provides asset managers with a complete, real-time view of the market by aggregating users’ internal and external deal data sources. It automates investment workflow by integrating compliance, analytics, reference data and order systems into a deal-focused workspace. The solution also embeds collaboration tools to promote efficient, team-driven decision making.

    The new Roadshow features in PBI enable asset managers to:

    • Manage entire deal pipelines, from roadshow to pricing, with one platform
    • Consolidate deal information, documents and other issuer data
    • Alert investment team members about roadshow activity
    • Bring unstructured data from emails and chats into the system with Genesis AI tools
    • Facilitate internal book building for early interest communication to syndicates

    “PBI gives asset managers an edge by presenting a complete, real-time view of the market, integrating the systems investment teams use and promoting efficient decision-making,” continued Mike Grogan. “Streamlining how firms operate in primary markets helps them maintain focus on their investment process and on assessing relative value, especially on busy deal days, which stretch the capacity of investment teams.”

    About Genesis Global
    Genesis Global enables financial markets organizations to innovate at speed through its AI-native software application development platform and deep expertise in capital markets and financial services. In supercharging developers and non-technical domain experts to rapidly deliver high-performance, resilient and secure applications, Genesis replaces the buy vs. build challenge with a buy-to-build solution.

    The Genesis platform is designed with flexibility and performance at its core, providing the frameworks, integrations and components required to automate manual workflows, enhance legacy systems and build entirely new applications. Featuring a resilient, real-time service-oriented architecture, Genesis excels across the performance envelope of low-latency, high-throughput and high-scalability, powering mission-critical applications at the world’s leading financial institutions.​

    Strategically backed by Bank of America, BNY and Citi, Genesis Global has offices in London, New York, Miami, Charlotte, São Paulo, Dublin and Bengaluru.

    Media contact:
    Alex Paidas, Corporate Communications, Genesis Global
    alex.paidas@genesis.global    +1 646 246 4889

    The MIL Network –

  • MIL-OSI: CMG and Baker Hughes Announce Agreement to Advance Digital Integration

    Source: GlobeNewswire (MIL-OSI)

    Delivering Enhanced Workflows for a Connected Customer Experience

    CALGARY, Alberta, June 03, 2025 (GLOBE NEWSWIRE) — Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce an agreement with Baker Hughes to further the integration of its simulation and seismic technologies with Baker Hughes’ digital offerings, delivering comprehensive software and consulting solutions for upstream energy development.

    As asset complexity increases, the accuracy and integrity of modelling and simulation are essential for building better understanding, mitigating operational risk, and optimizing recovery. Baker Hughes’ field proven JewelSuite™ subsurface and geomechanical modelling, combined with CMG’s powerful seismic interpretation and reservoir and production simulation tools, deliver a comprehensive workflow well-suited to maximize asset value in a full range of recovery processes.

    Under the agreement, CMG and Baker Hughes will enhance integration across both companies’ solution sets, improving user experience and ease of use. This collaboration expands market reach and enables both companies to offer end-to-end workflows including seismic to geology, geology to reservoir, reservoir to production, and production to surveillance. In addition to JewelSuiteTM, the two companies will explore further opportunities to integrate CMG’s advanced technologies with Baker Hughes’ industry-leading LeucipaTM automated field production solution and CarbonEdgeTM end-to-end digital solution for CCUS operations. While many industry software applications are connected, this agreement aims to take the next step in truly connecting the workflows.

    In addition, experts from CMG and Baker Hughes’ GaffneyCline energy advisory group will collaborate to deliver superior expertise and insights to the industry for consulting projects in subsurface and surface oil and gas, geothermal, and CCUS systems. This team approach to consulting delivers true industry expertise in each unique discipline required on a project.

    Commenting on the agreement, Pramod Jain, CEO of CMG said, “At CMG, we are dedicated to building an open ecosystem where leading-edge technologies can thrive. We are committed to ensuring that our customers are free to select best-in-class solutions that integrate effortlessly, empowering them to work with the technologies that best serve their needs. Collaborating with Baker Hughes to assure seamless integration of our respective solutions is a meaningful way for us to deliver on our mission to continue to help our clients solve their most complex problems.”

    James P. Brady, Chief Digital Officer – Oilfield Services & Equipment, Baker Hughes added “Collaboration is at the heart of our digital strategy. By working closely with CMG, we can leverage our collective reservoir and software expertise to deliver a better, truly integrated customer experience — from exploration and resource development to sustainable production optimization.”

    About CMG

    CMG (TSX:CMG) is a global software and consulting company that combines science and technology with deep industry expertise to solve complex subsurface and surface challenges for the new energy industry around the world. CMG is headquartered in Calgary, AB, with offices in Houston, Oxford, Dubai, Bogota, Rio de Janeiro, Bengaluru, Kuala Lumpur, Oslo, Stavanger, and Kaiserslautern. For more information, please visit www.cmgl.ca.

    This press release contains “forward-looking statements”. Forward-looking statements can be identified by words such as: “aims”, “intend”, “can”, “goal”, “seek”, “believe”, “estimate”, “expect”, “strategy”, “future”, “likely”, “may”, “should”, “will”, and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding our ability to integrate digital solutions with Baker Hughes.

    Forward-looking statements are neither historical facts nor assurances of future performance. They are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. 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. Therefore, you should not rely on any of these 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 are detailed in the companies’ public filings.

    Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.      

    The MIL Network –

  • MIL-OSI: MARA Announces Bitcoin Production and Mining Operation Updates for May 2025

    Source: GlobeNewswire (MIL-OSI)

    Record High 282 Blocks Earned in May, 38% Increase M/M
    950 Bitcoin Produced, 35% Increase M/M
    Increased BTC Holdings* to 49,179 BTC

    Fort Lauderdale, FL, June 03, 2025 (GLOBE NEWSWIRE) — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a vertically integrated digital energy and infrastructure company that leverages high-intensity compute, such as bitcoin mining, to monetize excess energy and optimize power management, today published unaudited bitcoin (“bitcoin” or “BTC”) production updates for May 2025.

    Management Commentary

    “May was a record-breaking month for MARA with 282 blocks won, a 38% increase over April and a new monthly high,” said Fred Thiel, MARA’s chairman and CEO. “Our total bitcoin holdings surpassed 49,000 BTC during May and the 950 bitcoin produced were the most since the halving event in April 2024.

    “Our fully integrated tech stack is a key differentiator, and MARA Pool is the only self-owned and operated mining pool among public miners, offering greater control and efficiency. Operating our pool means no fees to external operators and retention of the full value of block rewards. Production in May also benefitted from block reward luck. Since launch, MARA Pool’s block reward luck has outperformed the network average by over 10%, contributing to our industry-leading block production.

    “We remain laser-focused on transforming MARA into a vertically integrated digital energy and infrastructure company. We believe this model gives us tighter operational control, improves cost-efficiency, and makes us more resilient to shifts in the broader economy.”

    Operational Highlights and Updates

    Figure 1: Operational Highlights

        Prior Month Comparison  
    Metric   5/31/2025     4/30/2025     % Δ  
    Number of Blocks Won 1     282       205       38 %
    BTC Produced     950       705       35 %
    Average BTC Produced per Day     30.7       23.5       31 %
    Share of available miner rewards 2     6.5 %     5.1 %     NM  
    Transaction Fees as % of Total 1     1.5 %     1.3 %     NM  
    Energized Hashrate (EH/s) 1     58.3       57.3       2.0 %
                             
    1. These metrics are MARAPool only and do not include blocks won from joint ventures.
    2. Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.

    NM – Not Meaningful

    As of May 31, 2025, the Company held a total of 49,179 BTC*. MARA opted not to sell any BTC in May.

    *Includes loaned and collateralized bitcoin

    Investor Notice
    Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading “Risk Factors” in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the “SEC”). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See “Forward-Looking Statements” below.

    The operational highlights and updates presented in this press release pertain solely to our BTC mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue,” “target” and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to the expected benefits of MARA’s transformation into a vertically integrated digital energy and infrastructure company. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading “Risk Factors” in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC.

    About MARA

    MARA (NASDAQ:MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world’s preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.

    For more information, visit www.mara.com, or follow us on:

    Twitter: @MARAHoldings
    LinkedIn: www.linkedin.com/company/maraholdings
    Facebook: www.facebook.com/MARAHoldings
    Instagram: @maraholdingsinc

    MARA Company Contact:
    Telephone: 800-804-1690
    Email: ir@mara.com

    MARA Media Contact:
    Email: marathon@wachsman.com

    The MIL Network –

  • MIL-OSI: Tesonet invests in Lithuanian SportsTech startup FPRO

    Source: GlobeNewswire (MIL-OSI)

    Tesonet is investing €2 million in the Lithuanian SportsTech startup FPRO. This is FPRO’s first round of outside investment, marking a new phase in its development. The funds will help the startup to leverage smart tech solutions to expand professional training opportunities in youth football worldwide.

    A made-in-Lithuania solution for the global football market

    FPRO is a SportsTech startup that is developing innovative football training solutions for children. Working in collaboration with UEFA-certified coaches and experts in sports science, FPRO has devised a unique interactive app for children ages 6 through 12. The app is designed to improve their technique, coordination and ball control skills.

    Having founded the Football Pro Academy back in 2018, founders Ernestas Pilypas, Darius Jankauskas, and Vilius Petkevičius were forced to move operations online during the pandemic. This was the impetus behind the development of their digital product, which was released in 2022. The platform’s user base currently consists of 140,000+ children from the UK, Germany, the US, and other countries. Most of the company’s revenue comes from sales outside of their home market.

    “Football is the most popular sport in the world, but the market is currently short on qualified coaches. We wanted to create a solution that would be accessible to everyone, regardless of their financial means or location. FPRO fills this gap by offering young athletes an accessible, tech-driven method geared towards raising their physical fitness and developing their personalities in a comprehensive way. It helps to build their self-confidence, discipline, and passion for football through a focused and personalised coaching process. We see Tesonet’s investment as confirmation that we’re on the right track,” said Vilius Petkevičius, co-founder of FPRO.

    Ambitious partnership for innovation in children’s sports

    “The sports technology market has enormous potential, and football unites billions of people worldwide. Given our substantial experience with SportsTech, the latest investment reflects our strategy to expand the sports innovation ecosystem while strengthening the community both in Lithuania and globally. This is a profitable and growing startup with a broad user base, an unstoppable team, and founders who are experts in their field. It’s a perfect combination, and one that mirrors our own values,” commented Tomas Okmanas, co-founder of Tesonet.

    Tesonet co-founder Eimantas Sabaliauskas added: “When making a decision to invest, we consider not only market potential, but also a given team’s vision and ability to solve real problems on a global scale. FPRO has created a strong product, and our goal as investors is to help them not just financially but also in terms of strategy. We see clear synergies where our contribution could help them optimise business processes, develop new revenue streams, expand their user base, and further accelerate growth internationally.”

    Another SportsTech investment in Tesonet’s portfolio

    This is not our first venture in the sports vertical. In 2022, we acquired shares in BC Žalgiris Kaunas, helping the basketball club with its digital transformation and commercial expansion. Then in 2024, we invested in basketball club BC London Lions, aiming to promote the development of young talent and bolster the club’s competitiveness internationally.

    ABOUT TESONET:

    Tesonet is one of the largest venture builders and investors in the Baltic States. It houses globally recognized companies such as joint cybersecurity powerhouse Nord Security and Surfshark, a market-leading web intelligence collection platform Oxylabs, the fastest-growing brand among hosting providers Hostinger, nexos.ai – an AI orchestration platform, and others.

    With over 3,500 in-house talents and a fully developed infrastructure, Tesonet supports, funds, and scales businesses globally. Since 2018, Tesonet has extended its reach by investing in successful ventures like Hostinger, Cast AI, Eneba, BC Žalgiris, London Lions, Artea, Zapp, Turing College, and others.

    Tesonet is known for its innovative ecosystem and strong infrastructure, which support product development, testing, and global growth. The company is dedicated to advancing technological innovation and helping grow the broader ecosystem.

    ABOUT FPRO:

    FPRO is a sports technology startup dedicated to developing innovative training solutions for children’s football. Collaborating with UEFA-certified coaches and sports university experts, FPRO has created a unique interactive mobile app designed to help children aged 6–12 improve their technique, coordination, and ball control skills.Currently, the platform is being used by over 140,000 children across the United Kingdom, Germany, the United States, and other countries.

    The MIL Network –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Citizen Co-operative Bank Ltd., Noida

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated May 30, 2025, imposed a monetary penalty of ₹6.00 lakh (Rupees Six Lakh only) on The Citizen Co-operative Bank Ltd., Noida (the bank) for contravention of the provisions of Section 12B read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of BR Act.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of contravention of statutory provisions/non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said provisions and directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had:

    1. failed to ensure that prior permission of RBI was obtained by a person before issuing/allotting shares to him along with his relatives, beyond permissible limit; and

    2. failed to put in use a robust software, throwing alerts for identifying suspicious transactions.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/466

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Jammu and Kashmir State Co-operative Bank Ltd., Srinagar

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated May 30, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Jammu and Kashmir State Co-operative Bank Ltd., Srinagar (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 (BR Act).

    The statutory inspection of the bank was conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023 and March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank had failed to obtain Officially Valid Documents (OVD) of its customers while establishing the account-based relationship.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/467

    MIL OSI Economics –

  • MIL-OSI: Enlight Secures Financing for Spain’s Largest Hybrid Renewable Energy Project

    Source: GlobeNewswire (MIL-OSI)

    • Enlight expands its successful Gecama Wind Project, transforming it into the largest hybrid power complex of its kind in Spain
    • The project combines wind, solar, and utility-scale battery storage to deliver clean electricity around the clock
    • The hybrid project, with a total capacity of 554 MW and 220 MWh, is expected to generate approximately $100 million in annual revenue
    • The project, among the first in Spain to incorporate a utility-scale battery energy storage system, is expected to enhance grid stability following extended blackouts recently experienced in the country

    TEL AVIV, Israel, June 03, 2025 (GLOBE NEWSWIRE) — Enlight Renewable Energy (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading renewable energy platform, today announced the signing of financing agreements totaling approximately $310 million for the Hybridisation of the Gecama Project in Spain. As part of the project, Enlight will integrate a solar array and utility-scale energy storage system at its operational Gecama facility. Gecama is currently the country’s largest wind farm, with a capacity of 329 MW.

    The integrated facility, with a total capacity of 554 MW and 220 MWh, will deliver clean electricity around the clock at a competitive cost of generation, yielding high returns. This performance is made possible by combining technologies with complementary generation profiles throughout most of the day, alongside a battery system that enables optimized use of energy resources.

    Once completed, the Gecama Hybrid Project is expected to become the largest renewable energy complex of its kind in Spain and to play a key role in advancing storage infrastructure in line with the Spanish national plan to combat climate change and enhance energy supply stability. The need for such energy storage systems is particularly pressing considering the widespread blackouts Spain experienced in April 2025.

    Enlight is among the first to deploy utility-scale battery storage at this scale in Spain. The battery system will also support peak shifting – storing electricity when prices are low and discharging during high-demand periods – thereby increasing the project’s profitability. Additionally, it will provide essential grid services such as frequency response, helping stabilize the power system through rapid charge and discharge capabilities.

    Subject to the completion of final development milestones, the solar and storage components of the Hybrid Project are expected to reach commercial operation (COD) in the second half of 2026. Their addition is expected to increase the Gecama Project’s annual revenues by $38–40 million and EBITDA by $31–33 million in the first full year of operation. With all three components in full operation, the integrated project is expected to generate annual revenues of $95–105 million and EBITDA of $75–80 million.

    The financing transaction of approximately $310 million includes two tranches: covering the refinancing of the Gecama Wind Project and financing for the construction of the Hybrid Project. Both tranches bear a fixed interest rate of ~5.1% and will be fully amortizing by 2045 and 2046, respectively.

    After repaying the existing debt and funding necessary reserves and transaction costs, over $150 million of the secured debt will be allocated to the construction of the Hybrid Project, with a total estimated cost of $195–205 million, while the remaining balance will be funded through equity.

    The financing is led by the MEAG Infrastructure Debt Transactions team, acting as sole arranger in its capacity as portfolio manager of certain funds and accounts, along with additional institutional co-investors. MEAG is the asset management arm of Munich Re, one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions.

    The financing is structured on a merchant basis – which grants the Company full discretion to sell the project’s entire electricity output on the open market, without a long-term Power Purchase Agreement (PPA) – This approach reflects the high level of confidence in Enlight’s management capabilities and the economic potential of the Gecama site.

    This model, combined with elevated electricity prices in Europe, has enabled Enlight to generate high returns and recover more than 50% of its equity investment in the wind project within a relatively short period since the facility’s commercial operation in 2022.

    Benjamin Hemming, Head of MEAG Illiquid Assets Debt: “We are thrilled to have supported Enlight in this groundbreaking project, which showcases the potential for hybrid renewable energy solutions to transform the way we generate and consume energy. The Gecama Hybridisation Project is a testament to the innovative spirit of our partners and the growing demand for sustainable energy solutions. We are proud to have worked alongside Enlight and other stakeholders to bring this project to life, and we look forward to seeing its impact on Spain’s energy landscape.”

    Isil Tanriverdi Versmissen, Head of MEAG Infrastructure Debt: “The Gecama Hybridisation Project is a perfect example of the power of collaboration and innovative financing solutions in driving the transition to a low-carbon economy. We would like to extend our appreciation to Enlight for their vision and leadership in developing this project, and to our deal team for their tireless efforts in bringing this complex transaction to a successful close. As a debt provider, we are committed to supporting projects that make a positive impact on the environment and the communities they serve, and we believe that the Gecama Hybridisation Project will be a landmark example of this commitment in action.”

    Gilad Yavetz, CEO of Enlight: “With the financial close at Gecama, Enlight marks another significant milestone in its European activity, by expanding one of its core assets into Spain’s first hybrid complex of its kind. This move is groundbreaking on two levels – establishing the country’s largest renewable energy complex and demonstrating technological leadership through the integration of utility-scale battery storage. The project reflects our Connect & Expand strategy – maximizing the potential of existing interconnection infrastructure to scale projects – reducing investment costs, minimizing risk, lowering the levelized cost of electricity and optimizing financial returns. Gecama Hybrid joins a lineup of mega-projects we are currently advancing as part of a broad growth plan set to unfold during 2025 across Europe, Israel, and the U.S. We are proud to have MEAG as the lead arranger in this transaction, and greatly value their trust, professionalism, and partnership in advancing such an ambitious and impactful project.”

    Enlight was supported by reputable advisors in the transaction. BNP Paribas acted as the sole financial advisor and DLA Piper as the Legal advisor in the transaction.

    MEAG was supported by Linklaters acting as the lenders’ legal advisor and by G-Advisory and Hartford Steam Boiler acting as technical advisors to the lenders

    *Enlight indirectly holds approximately 72% of the Gecama Project through its subsidiary, with the remaining interest held by several Israeli institutional investors.

    About Enlight

    Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its U.S. IPO (Nasdaq: ENLT) in 2023. Learn more at www.enlightenergy.co.il.

    Investor Contact
    Yonah Weisz
    Director IR
    investors@enlightenergy.co.il

    Erica Mannion or Mike Funari
    Sapphire Investor Relations, LLC
    +1 617 542 6180
    investors@enlightenergy.co.il

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, the impact of tariffs on the cost of construction and our ability to mitigate such impact, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.

    These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    The MIL Network –

  • MIL-OSI United Kingdom: Winfrith nuclear site: Have your say on decommissioning permits

    Source: United Kingdom – Government Statements

    Press release

    Winfrith nuclear site: Have your say on decommissioning permits

    Feedback wanted on environmental permits which propose leaving some low-level radioactive waste at the Dorset nuclear site as part of decommissioning.

    Winfrith will be knocked down and if permits are changed some low level radioactive waste will be buried.

    • This is the first time in England a company has proposed to do decommissioning work under the EA’s 2018 guidance.
    • Share your views on the proposals now that the consultation is open until 5 September.
    • If granted permission, the company will leave some low-level radioactive waste at the site.

    Feedback and views are being sought with the launch of a consultation on environmental permits to continue work to decommission the Winfrith nuclear site in Dorset.

    The site is operated by Nuclear Restoration Services Ltd (NRS). It operated between 1959 and 1992 and is now in the final stages of decommissioning. All the buildings will be knocked down and the site will be returned to heathland with public access.

    Decommissioning to follow fresh guidance for first time

    In a first for England, NRS will be using our “Guidance on Requirements for Release from Radioactive Substances Regulation,” (GRR) to progress site decommissioning to the next stage. The company has applied to the Environment Agency to vary its Radioactive Substances Regulations permit and for a new permit for non-radioactive waste:

    • NRS is proposing to bury some of the demolition waste on site and some of this will be low level radioactive waste. The company is applying to change its Radioactive Substances Regulations environmental permit to allow this.
    • NRS is also asking for a new Deposit for Recovery Environmental Permit to allow it to deposit non-radioactive waste at the site.

    The GRR guidance allows operators to leave radioactive and non-radioactive waste on site if it represents the best option after balancing social, economic and environmental factors.

    There can be benefits to leaving waste on site such as reduced lorry movements, earlier decommissioning of sites, and it saves space in national disposal facilities for waste that cannot be safely disposed of on-site. NRS must demonstrate these benefits to the Environment Agency.

    Winfrith operated between 1959 and 1992 and is now in the final stages of decommissioning.

    Sally Coble, the Environment Agency’s Nuclear Regulation Group south manager, said:

    We want to hear as many views as possible about the NRS proposals, and all comments will be carefully considered along with all existing information.

    We will only vary the radioactive substances permit if we believe that harm to the environment, people and wildlife will be minimised.

    If the applicant can demonstrate that the varied permit will meet all of the legal requirements, including those for the use of Best Available Techniques (BAT), public radiation dose and wildlife radiation dose, then we are legally obliged to grant the application.

    We intend to consult again in spring 2026 on our likely decision, before publishing a final decision in autumn 2026.

    Proposal to bury below ground structures with demolition waste

    Both the Steam Generating Heavy Water Reactor (SGHWR) and the Dragon reactor, the first experimental high temperature gas-cooled reactor, have large sub-surface structures or basements constructed from reinforced concrete.

    NRS plans to demolish all remaining site buildings including the reactor buildings to ground level and to use the demolition wastes produced to backfill the sub-surface structures. An engineered cap will be placed on top of the disposals to prevent rain getting in and this will likely be made from an artificial liner, a thick clay layer and a soil layer. 

    Some of the floors and walls of the sub-surface structures have low level radioactive contamination and some of the waste that will be used to backfill the structure will be low level radioactive waste.

    NRS will not be importing any waste to site from other locations. Only waste from the on-site demolition work will be used to fill the sub-surface structures.

    How to have your say

    You can have your say by submitting comments on our Citizen Space consultation pages:

    Please use the permit reference numbers if you contact us. All comments must be received by 11.59pm on 5 September 2025.

    Background

    The Environment Agency is the independent environmental regulator for the nuclear industry in England. We make sure that nuclear power stations and radioactive waste disposal sites meet our high standards of environmental protection throughout the stages of design, construction, operation and decommissioning.

    Operators of nuclear sites in England must have a permit for radioactive substances activities from the Environment Agency under the Environmental Permitting Regulations 2016 (EPR16). The environmental permits we issue to nuclear site operators contain strict conditions (rules) that they must follow at all times. See our decommissioning of nuclear sites and release from regulation guidance.

    Why we ask for the public’s views:

    • We aim to build and maintain confidence in our decision-making processes through our public engagement and consultation.
    • It is our responsibility to make decisions about environmental permit applications for radioactive waste disposal, but we consider that our decisions can be improved through consultation with a wide range of stakeholders.
    • We can all help to protect and improve the environment by being actively involved. Our public participation statement shows how our process is open, transparent and consultative.
    • Our approach to consultation is in line with the government’s published consultation principles. We would like people to understand our role in relation to radioactive waste disposal, what we are doing and why it’s important.

    Updates to this page

    Published 3 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Hinkley Point B power station: Have your say on permit changes

    Source: United Kingdom – Government Statements

    Press release

    Hinkley Point B power station: Have your say on permit changes

    EDF Energy wants to change its existing radioactive substances environmental permit for the Hinkley Point B power station in Bridgwater, Somerset.

    EDF Energy wants to change its permit now that certain radioisotopes are no longer produced.

    • EDF Energy Nuclear Generation Ltd has applied to the Environment Agency to make changes to parts of its radioactive substances environmental permit.
    • Proposed permit changes would more accurately reflect the reducing radiological hazard and risks from Hinkley Point B.
    • The consultation will close on 1 July 2025.

    The Environment Agency is consulting on these specific permit application changes to give people the opportunity to understand the proposed changes and have their say on future decision making.

    The permit controls the receipt and disposal of radioactive waste and imposes conditions and limits on radioactive discharges to the environment. 

    Hinkley Point B’s advanced gas cooled reactors stopped generating power after 46 years in August 2022. It is currently in the defueling stage and working towards ‘Fuel Free Status’ before entering decommissioning. 

    Sally Coble, the Environment Agency’s Nuclear Regulation Group south manager, said:

    We have been working with EDF Energy on its application to vary parts of the environmental permit.

    The company is proposing to remove some radionuclide limits in its permit because certain radioisotopes are no longer produced. The proposed changes would more accurately reflect the reducing radiological hazard and risks from Hinkley Point B

    Our consultation is now open. We are encouraging people to learn more about the proposed changes and provide us with any information that they think is relevant to decision making.

    How to have your say

    The Environment Agency will carefully consider all the relevant feedback received during the consultation, together with existing information. Our decision will be available on the public register by September 2025. 

    Our engagement with the community around the Hinkley site will continue through our own ‘Meet the Regulator’ meeting, the site stakeholder group and Hinkley C’s community forum.  

    The application and other supporting documents are available for you to view on Citizen Space. 

    The consultation starts on Tuesday 3 June 2025 and closes on Tuesday 1 July 2025. 

    Read about regulating Hinkley.

    Background

    • Hinkley Point B power station began generating power in 1976 using two Advanced Gas Cooled Reactors (AGR). During its lifetime it provided enough electricity to meet the need of every home in the UK for almost 3 years.
    • One of the reactors (Reactor 4) was declared Fuel Free in September 2024 and it is anticipated that the remaining reactor (Reactor 3) will be declared fuel free by the end of 2025.
    • Now the reactors are no longer operational and following defueling, certain radioisotopes are no longer produced. To reflect the current activities, EDF has applied to remove some radionuclide limits in its environmental permit.
    • The proposed changes to the environmental permit would more accurately reflect the reducing radiological hazard and risks from Hinkley Point B and align with the current lifecycle stage.

    Updates to this page

    Published 3 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Willis Lease Finance Corporation Announces Offering of $596 Million in Fixed Rate Notes

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., June 03, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust VIII (“WEST”), proposes to offer $524 million in aggregate principal amount of Series A Fixed Rate Notes (the “Initial Series A Notes”) and $72 million in aggregate principal amount of Series B Fixed Rate Notes (the “Initial Series B Notes” and, together with the Initial Series A Notes, the “Initial Notes”). The Notes will be secured by, among other things, WEST’s direct and indirect interests in a portfolio of 62 aircraft engines and two airframes, which WEST will acquire from WLFC or its other subsidiaries pursuant to an asset purchase agreement.

    The net proceeds of the Notes will be primarily applied to (i) pay certain fees and expenses related to the offering of the Notes, (ii) deposit initial amounts in reserve accounts for security deposits, maintenance expenses and other expenses and (iii) pay WLFC periodically over a 270-day delivery period the consideration for the aircraft engines and the airframes acquired by WEST from WLFC in connection with the financing. WLFC and its subsidiaries will apply any net proceeds it receives to repay debt collateral by the assets and for general corporate purposes.

    The Notes being offered by WEST have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any other securities laws of any jurisdiction, and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements. The Notes are being offered only to persons reasonably believed to be “qualified institutional buyers” as defined in, and in reliance on, Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.

    This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the Securities Act or the securities laws of any such jurisdiction. This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

    Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and global pandemics; changes in oil prices, rising inflation and other disruptions to the world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings.

    CONTACT: Scott B. Flaherty
      Executive Vice President &
    Chief Financial Officer
      sflaherty@willislease.com
      561.413.0112

    The MIL Network –

  • MIL-OSI: Sanborn Expands Airborne Geophysics Fleet with Second Fixed-Wing Aircraft for Large-Scale Geophysical Surveys

    Source: GlobeNewswire (MIL-OSI)

    COLORADO SPRINGS, Colo., June 03, 2025 (GLOBE NEWSWIRE) — The Sanborn Map Company, Inc. (Sanborn), a leading provider of remote sensing and geophysical survey solutions, has expanded its airborne capabilities with the addition of a second fixed-wing aircraft equipped specifically for large-scale geophysical data collection. This expansion enhances Sanborn’s capacity to deliver efficient, high-resolution subsurface insights across expansive project areas.

    The new aircraft is outfitted with advanced geophysical instrumentation, provided by Sanborn Geophysics ULC. It includes three high sensitivity magnetometers and a full spectrum radiometric system. This setup enables the detection of subtle magnetic and radiometric anomalies critical for geological mapping, mineral exploration, and environmental assessment.

    “The growing demand for large scale geophysical surveys justified more geophysics aircraft in our fleet,” said John Copple, CEO of Sanborn. “This investment enhances responsiveness and improves scheduling efficiency for our customers.”

    With this investment, Sanborn continues to build on its legacy of innovation in remote sensing and geophysical services — offering a scalable, aircraft-based solution for organizations seeking actionable data across vast and varied landscapes.

    For more information about Sanborn’s airborne geophysics capabilities, visit www.sanborn.com/sanborn-geophysics or contact info@sanborn.com.

    Company Information

    The Sanborn Map Company, Inc. (Sanborn) is a leading geospatial solutions provider with over 150 years of experience supporting public and private sector clients. Sanborn specializes in high-resolution nadir and oblique imagery, LiDAR, geophysics, and geospatial data and analytics. The company also provides scalable staff augmentation for transportation, utilities, infrastructure, and emergency management. Sanborn’s airborne platforms enable efficient, wide-area data collection. With a focus on innovation, quality, and security, Sanborn delivers precise, actionable intelligence that supports resilient, data-driven decisions across a wide range of industries and applications.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/75060327-0002-4724-98aa-e290217f55b9

    The MIL Network –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Bathinda Central Co-operative Bank Ltd., Bathinda, Punjab

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has imposed, by an order dated May 30, 2025, a monetary penalty of ₹3 lakh (Rupees Three Lakh only) on The Bathinda Central Co-operative Bank Ltd., Bathinda, Punjab (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

    The statutory inspection of the bank was conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023 and March 31, 2024. Based on supervisory findings of non-compliance with statutory provisions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said provisions. After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank had failed to transfer eligible unclaimed amounts to the Depositor Education and Awareness Fund within the prescribed time.

    This action is based on deficiencies in statutory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/463

    MIL OSI Economics –

  • MIL-OSI Africa: Mining in Motion: Ghana Unveils 5-Pillar Strategy to Transform the Mining Industry

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

    ACCRA, Ghana, June 3, 2025/APO Group/ —

    Emmanuel Armah Kofi Buah, Ghana’s Minister of Lands and Natural Resources, outlined a five-pillar strategy for the country’s mining industry at the Mining in Motion 2025 summit. The strategy is aimed at reforming the sector while empowering artisanal and small-scale mining (ASGM) initiatives.

    In a presentation during the opening of the summit, Minister Buah underscored how the strategy is designed to address illegal mining, which has significantly impacted the environment. Illegal mining occupies over 16% of the nation’s forests, degrading more than 5,500 hectares. As such, the strategy seeks to address this issue by enhancing ASGM developments. ASGM operations have grown to account for 52.1% of Ghana’s total gold exports in 2025, and the strategy aims to further optimize the industry’s expansion.

    “Of the $4 billion in goods shipped from Ghana in Q1, 2025, 52.1% is from artisanal and small-scale miners – hence the need to ensure that mining is done in a sustainable manner,” stated Minister Buah.

    The first pillar of the strategy focuses on reforming the licensing regime. According to Minister Buah, the Ministry is currently overhauling the existing Minerals and Mining Act to attract new investments and bring in fresh ASGM players. This includes reviewing and restructuring licenses to ensure they align with Ghana’s national development agenda.

    “The strategy came into implementation four months ago and we want to ensure we do mining right,” stated Minister Buah.

    The second pillar centers on enhancing law enforcement. The Ministry is collaborating with various government agencies to intensify the arrest and prosecution of those engaged in illegal mining. This includes the creation of an independent Anti-Illegal Mining Military Task Force and the reorganization of security operations at both district and community levels.

    Environmental restoration is also a key priority. Under the third pillar, the Ministry has reclaimed eight out of nine forest reserves previously designated as red zones for illegal mining within just four months. Reforestation programs are now underway to restore these degraded areas and ensure long-term environmental sustainability.

    The fourth pillar emphasizes stakeholder engagement and public education. The Ministry is working closely with traditional authorities, lawmakers, civil society organizations and the general public to promote sustainable practices and encourage collective responsibility in preserving Ghana’s natural resources.

    “Lack of jobs and skills has been the main cause of illegal mining and we are dealing with this directly by diversifying employment. We want to create over 150,000 new jobs,” stated Minister Buah.

    The fifth pillar aims to provide alternative livelihoods and job opportunities, especially for youth and individuals previously involved in illegal mining. Through programs such as the National Alternative Employment and Livelihood Program for Illegal Miners; the 1 Million Coders Program; and initiatives by the Youth Employment Agency, the government is offering skills training and employment placement. These efforts are designed to reduce reliance on illegal mining and diversify economic opportunities across the country.

    The pillars will be achieved through various strategies such as the Ghana Gold Board, the Minerals Development Fund, the Minerals Income Investment Fund, Geofencing of Excavators, the Investment in Geological Investigations of Mineralized Areas, Small-Scale Mining Cooperatives, the Blue Water Initiative, the Tree for Life Initiative and the Anti-Illegal Mining Secretariat.

    Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom – in collaboration with Ghana’s Ministry of Lands and Natural Resources, World Bank, and the World Gold Council, with the support of Ghana’s Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders.

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: Interest rate of first interest payment for series of retail infrastructure bonds due 2027

    Source: Hong Kong Government special administrative region

    Interest rate of first interest payment for series of retail infrastructure bonds due 2027Fixed Rate: +3.50 per centIssued at HKT 16:40

    The following is issued on behalf of the Hong Kong Monetary Authority:

    ​The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (June 3) the relevant per annum interest rate for the first interest payment of the series of retail infrastructure bonds due 2027 (Issue Number: 03GB2712R; Stock Code: 4286) (the Retail Infrastructure Bonds) issued under the Infrastructure Bond Programme.

    According to the Issue Circular dated November 26, 2024, for the Retail Infrastructure Bonds, the first interest payment of the Retail Infrastructure Bonds is scheduled to be made on June 17, 2025, and the relevant interest rate is scheduled to be determined and announced on June 3, 2025, as the higher of the prevailing Floating Rate and Fixed Rate.

    On June 3, 2025, the Floating Rate and Fixed Rate are as follows:

    Floating Rate: +1.60 per cent (Annex)
    Fixed Rate: +3.50 per cent

    Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the first interest payment is determined and announced as 3.50 per cent per annum.

    Ends/Tuesday, June 3, 2025
    Issued at HKT 16:40

    MIL OSI Asia Pacific News –

  • MIL-OSI Video: We Are One Step Closer to Realizing President Trump’s Promise To MAHA

    Source: United States of America – Federal Government Departments (video statements)

    “Today, the COVID vaccine for healthy children and healthy pregnant women has been removed from @CDCgov recommended immunization schedule. Bottom line: it’s common sense and it’s good science. We are now one step closer to realizing @POTUS’s promise to Make America Healthy Again.” – Secretary Kennedy

    —

    U.S. Department of Health and Human Services (HHS) | http://www.hhs.gov

    http://www.Twitter.com/HHSGov | http://www.Facebook.com/HHS http://www.Instagram.com/HHSGov
    http://www.LinkedIn.com/company/us-department-of-health-and-human-services

    HHS Privacy Policy: http://www.hhs.gov/Privacy.html

    https://www.youtube.com/watch?v=0ZcHbc430MM

    MIL OSI Video –

  • MIL-OSI Video: Secretary Kennedy Visits ORR

    Source: United States of America – Federal Government Departments (video statements)

    “ORR is fiercely devoted to locating the 291,000 children that disappeared during the Biden Administration. The most sacred duty we have is to protect our children and that’s part of the greater drive of the Trump Administration—to restore the moral authority of our country.” – Secretary Kennedy

    —

    U.S. Department of Health and Human Services (HHS) | http://www.hhs.gov

    http://www.Twitter.com/HHSGov | http://www.Facebook.com/HHS http://www.Instagram.com/HHSGov
    http://www.LinkedIn.com/company/us-department-of-health-and-human-services

    HHS Privacy Policy: http://www.hhs.gov/Privacy.html

    https://www.youtube.com/watch?v=4J8_5WAPa_I

    MIL OSI Video –

  • Markets decline for third straight day amid global weakness

    Source: Government of India

    Source: Government of India (4)

    Indian equity benchmarks closed lower for the third consecutive trading session on Tuesday, as weak global cues and investor caution weighed on sentiment.

    The BSE Sensex dropped 636.24 points, or 0.78%, to end at 80,737.51, while the NSE Nifty fell 174.10 points, or 0.70%, to settle at 24,542.50.

    IT, PSU banks, financial services, FMCG, and energy stocks led the decline. However, midcap and smallcap indices fared better. The Nifty Smallcap 100 inched up 0.10% to 18,114, while the Nifty Midcap 100 shed 0.45% to close at 57,517.

    “After an initial uptick, the Nifty oscillated sharply in early trade; however, a sharp decline below the 20-day exponential moving average in the latter half of the session kept the tone negative,” said Ajit Mishra of Religare Broking.

    Analysts cited sustained foreign fund outflows, geopolitical tensions, and uncertainty over global trade deals as key factors behind the market’s weakness. They added that strength in select banking stocks may cushion further downside.

    Investors also appeared to be in wait-and-watch mode ahead of the Reserve Bank of India’s upcoming interest rate decision.

    On the currency front, the rupee gave up Monday’s gains, impacted by risk aversion, a stronger U.S. dollar, and continued outflows. HDFC Securities’ Dilip Parmar expects the USD/INR pair to trade in the 85.10–85.90 range in the near term.

    Gold prices remained steady near ₹97,700 on the MCX after a sharp rally on Monday. Analysts said the market is consolidating ahead of key economic data releases from the U.S.

    -IANS

  • MIL-OSI Banking: Thales reinvents secure payment systems for a data-driven future, showcasing leadership at Money20/20 Europe

    Source: Thales Group

    Headline: Thales reinvents secure payment systems for a data-driven future, showcasing leadership at Money20/20 Europe

    • Payment systems must evolve beyond traditional card-based models to handle growing volumes of data and changing user expectations.
    • Thales’ D1 platform is already empowering issuers to simplify, secure, and scale payment services with over 200 million active cards.
    • With a modular, API-first approach, the D1 platform helps issuers stay ahead of regulatory, technological, and consumer shifts—without needing to rebuild their infrastructure.

    As the global shift toward digital payments accelerates, Thales is setting the standard for how financial institutions adapt to this fast-changing landscape. At the core of this transformation is Thales’ D1 platform, a real-time, cloud-native platform, which is helping issuers reimagine their payment systems for a world that’s moving beyond cards—and into a data-first era.

    With 35% of global transactions now driven by mobile wallets and tokenization, traditional card systems are straining under rising data volumes and fragmented architectures. Issuers face increasing pressure to adapt to new payment flows, regulations, and customer expectations—all at speed.

    Thales’ D1 platform is already doing just that, powering over 200 million active cards. Designed for fast, secure integration via APIs, the D1 platform enables banks to quickly roll out services like Click to Pay, virtual cards, or digital wallets—typically within three to four months. The platform’s modular approach allows issuers to scale new services from thousands to millions of users without reworking their backend, while Thales ensures ongoing compliance, updates, and zero-trust security—all included as standard.

    Meet Thales at Money20/20 Europe in Amsterdam, where the team will showcase how the D1 platform is helping transform payment infrastructure for the digital age.

    “In the coming years, the way we authenticate, authorize, and personalize digital payments will change dramatically,” said Bertrand Knopf, SVP at Thales PAY. “To keep pace, issuers need flexible, secure platforms that can adapt quickly to new payment methods, regulatory changes, and user expectations. That’s exactly what D1 platform was built for.”

    Decades of Expertise, Built for the Future

    With more than 180 digital payment deployments worldwide and one in every three physical cards globally produced by Thales, the company brings a deep legacy of trust and innovation to the payments industry. D1 platform is the next chapter in that leadership—offering issuers a flexible, forward-looking foundation for the evolving world of commerce.

    MIL OSI Global Banks –

  • MIL-OSI Russia: Vice Premier of the State Council of China calls on SCO member states to strengthen financial cooperation

    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 3 (Xinhua) — Chinese Vice Premier Ding Xuexiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, on Tuesday called for strengthening financial cooperation among member states of the Shanghai Cooperation Organization (SCO) to give strong impetus to the development of countries in the region.

    He made this statement during a collective meeting with foreign representatives present at the meeting of finance ministers and heads of central banks of SCO member states.

    Ding Xuexiang said that Chinese President Xi Jinping put forward a series of important proposals and measures to build a more beautiful common home for the SCO at the SCO Plus meeting in Astana in 2024.

    China is willing to seize the opportunity of its SCO presidency and work with other member states to prioritize development, strengthen financial cooperation, increase the share of settlements in their national currencies, promote the development of digital and inclusive finance, and actively work on the establishment of the SCO Development Bank, Ding Xuexiang said.

    Speaking on behalf of the foreign guests, SCO Secretary General Nurlan Yermekbayev praised the work carried out by China as the country chairing the organization. He expressed readiness to work with the Chinese side, adhering to the “Shanghai Spirit”, to promote prosperity and development in the region. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: China, Egypt sign agreement to operate CBD in Egypt’s new administrative capital

    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

    CAIRO, June 3 (Xinhua) — Egypt’s New Urban Communities Authority and a Chinese-Egyptian joint venture have signed an agreement on the comprehensive operation and maintenance of the Central Business District (CBD) in Egypt’s New Administrative Capital.

    Under the agreement, Horizon Operations Management /Egypt/ will be responsible for the implementation of the project in the CBD, initially focusing on property management and municipal administration.

    According to a statement from the Egyptian cabinet, during preliminary talks on the signing, Egyptian Housing Minister Sherif El-Sherbini said the agreement covers the maintenance and management of important facilities, as well as the provision of comprehensive urban services to residents, tourists and businesses in the CBD.

    Sh. El-Sherbini stressed that this step represents a significant change in Egypt’s approach to managing public facilities – from traditional models to results-oriented management based on quality and sustainability.

    Also present at the signing ceremony on Sunday were Egyptian Prime Minister Mostafa Madbouly, China’s Vice Minister of Housing and Urban-Rural Development Dong Jianguo and representatives of China State Construction Engineering Corporation, which oversaw the construction of the Central Business District.

    Situated in the heart of the desert, about 50 km east of the capital Cairo, the Central Business District is one of the key projects jointly built by China and Egypt under the Belt and Road Initiative. The project includes 20 commercial and residential skyscrapers, as well as supporting municipal infrastructure, including the 385.8 m Iconic Tower, the tallest building in Africa. –0–

    MIL OSI Russia News –

  • MIL-OSI United Nations: GPDRR 2025 highlights: Monday 2 June 2025

    Source: UNISDR Disaster Risk Reduction

    The 8th Global Platform on Disaster Risk Reduction 2025 (GPDRR2025) began with preparatory events on Monday, 2 June, ahead of the upcoming official programme with highlevel meetings from 4-6 June in Geneva, Switzerland. GPDRR 2025 is organized by the UN Office for Disaster Risk Reduction (UNDRR) and hosted by the Government of Switzerland. Two parallel events took place on Monday: the Third Stakeholder Forum and the Global Early Warning for All (EW4All) MultiStakeholder Forum.

    Third Stakeholder Forum

    Opening

    The Third Stakeholder Forum opened with statements by the Governments of Switzerland and Indonesia and senior UN leaders under the theme “United for Resilience.” Speakers highlighted progress on the Bali Agenda for Resilience, an outcome of the 7th Global Platform in 2022, and the opportunities for inclusive disaster risk reduction (DRR).

    Mirjam Macchi, Swiss Agency for Development and Cooperation, appreciated stakeholders’ solidarity around the evacuation and assistance to the historic village of Blatten, destroyed last week by a glacial landslide 200 km from Geneva. She noted that even livestock were cared for-a powerful reminder that “resilience begins with local people” and inclusive solutions are more effective when those directly affected by disasters bring vital knowledge to action.

    Achsanul Habib, Permanent Representative of Indonesia to the UN, reaffirmed Indonesia’s commitment to risk-informed policies and inclusive approaches. He encouraged all participants to use the Stakeholder Forum as “not only a platform to listen and share, but a platform to act together.”

    The event also showcased the Sendai Framework Voluntary Commitments online platform (SFVC), where stakeholders can register their commitments, and users can identify areas of activity as well as gaps. Yuki Matsuoka, Head, UNDRR Office in Japan, noted that 729 individual organizations so far have registered their commitments.

    Celeste Saulo, Secretary-General, World Meteorological Organisation

    Whole-of-society approach for the Sendai Framework on DRR: A collective responsibility

    Sarah Wade-Apicella, UNDRR, moderated the session. On effective methods to implement inclusive DRR, Marcie Roth, World Institute on Disability, underscored the need for people with disabilities to be involved early in co-development of disaster risk strategies, and for foresight processes to incorporate diverse voices. Major Hamad Sabah Al-Sawar, Director of Crisis and Disaster Management, Bahrain, described Bahrain’s communication platform providing diverse modes of information sharing in multiple languages, the use of a phone application, and a common hashtag used to mobilize public action.

    On intersectional and intergenerational knowledge sharing, Tom Colley, HelpAge International, drew attention to the wide network of older people associations worldwide as opportunities to engage this age group in DRR. He noted these associations can also harness and serve as channels for bringing Indigenous Peoples’ knowledge into DRR strategies. Barrise Griffin, Disaster Risk Management Authority, The Bahamas, emphasized moving away from one-off, extractive approaches to information gathering, and instead facilitating ongoing dialogue. Josefina Miculax Sincal, Huairou Commission, called for frameworks and trainings to strengthen good practices at the community level.

    A slide showing the numbers of internal displacement by hazard for 2015- 2024.

    Participants then heard comments and questions from the floor on the role of national DRR platforms in community-level participation, engagement, and school programs for children; managing conflicts of interest; looking beyond immediate impacts of DRR; measuring the effectiveness of stakeholder engagement; shifting risk ownership to local communities to handle disasters; and securing resources.

    Data and financing for disaster displacement as loss and damage

    Steven Goldfinch, Asian Development Bank (ADB), moderated this session.

    Christelle Cazabat, Internal Displacement Monitoring Centre, explained that research into Hurricane Milton’s impacts in the US shows how people’s aspirations change when displacement stretches into the long term. She noted 2024 saw the highest number of people displaced in a single year globally (45.8 million), as well as the highest number of people continuing to live in displacement (9.8 million).

    Noralene Uy, Department of Environment and Natural Resources, the Philippines, noted that her country ensures children have access to child-friendly spaces during displacement, and that national protocols guide national and local assessments and reporting. Isoa Talemaibua, Ministry for Maritime and Rural Development, Fiji, highlighted Fiji’s risk assessment activities and stressed the value of financial tools such as green and blue bonds, and parametric insurance that enables rapid payouts based on environmental triggers.

    Hoang Phuong Thao, ActionAid Vietnam, highlighted the organization’s work with marginalized and remote communities to use smartphones for receiving early warnings, as well as for reporting on local conditions, thereby informing the government’s trend analysis. Catalina Díaz Escobar, Corporación Antioquia Presente, emphasized that data collection itself is a political process and should be conducted in an ethical and respectful manner.

    From Paris to Sendai: the fundamental connection of climate and DRR

    Jamie Cummings, Sendai Stakeholder Engagement Mechanism, moderated the session. Animesh Kumar, UNDRR, underlined that risk is a common denominator across the Sendai Framework, Paris Agreement, and Sustainable Development Goals (SDGs), stating that all these global frameworks share the goal of resilience. He encouraged the institutionalization of the agreements at the national level and highlighted the need to localize them. On technical assistance, he stressed that funding applications under the Santiago Network -a mechanism to support countries recovering from loss and damage due to climate change -should be designed to catalyze downstream impacts. Hisan Hassan, National Disaster Management Authority, Maldives, described his country’s focus on EW4All and slow-onset losses. Manon Robin, UN Framework Convention on Climate Change (UNFCCC) Secretariat, discussed integration of national adaptation plans and DRR strategies and emphasized, supported by Le-Anne Roper, UNDRR, the need to focus on coordinating actors on different aspects of climate resilience. Amber Fletcher, University of Regina, emphasized that slow-onset disaster management and funding are crucial for food producers, and stressed the significance of non-economic loss and damage.

    View of the panel during the “From Paris to Sendai: the Fundamental Connection of Climate and DRR” event.

    Innovative financing and private sector leadership in DRR

    Camila Tapias, UNDRR ARISE Global Board Member, moderated the session. Manisha Gulati, ODI Global, noted that most funding goes toward emergency response after disasters occur. She highlighted that when the private sector invests in critical services, DRR becomes an outcome, not only a target.

    Yezid Niño, Private Sector Liaison, UNDRR Americas, emphasized the relevance of understanding that DRR is part of the development of the countries and pointed toward the role of regulatory frameworks in involving the private sector in financing DRR. Terry Kinyua, Co-Chair of the ARISE Global Board, stressed that the resilience of communities amounts to the resilience of a country.

    Through digital interaction, attendees identified cost-benefit analysis, data gaps, and trust as the major barriers to private sector investment in DRR. Among the actions leaders can take to accelerate investment in resilience, attendees mentioned political incentives, regulatory alignment, resilience as a national priority, and the involvement of local leaders.

    View of the panel during the “Innovative Financing and Private Sector Leadership in DRR” event.

    Implementation of climate and DRR gender action plans at the national level-Synergies and strategies

    Mwanahamisi Singano, Women’s Environment and Development Organization (WEDO), moderated this panel discussion unpacking synergies between the different Gender Action Plans (GAPs) under multiple conventions and frameworks, including the Sendai GAP. She noted the need to avoid duplication and ensure cost effectiveness.

    Mary Picard, Humanitarian and Development Consulting, gave a keynote address describing the actions leading to the launch of the Sendai GAP in 2024. Panelists mentioned key lessons from their experiences with governments in implementing the GAPs, including the challenge of competing priorities and political preferences among different ministries when attempting to coordinate the different GAPs. Other interventions focused on holding governments and agencies accountable for implementing GAPs and enhancing communication among women’s networks, particularly those involved in DRR. Following interventions on regional mapping tools and GAP observatories that monitor implementation progress, Singano invited participants to provide inputs towards developing a universal DRR gender equality observatory.

    Community-led action for resilience, building partnerships for inclusive action

    Maité Rodríguez, Fundación Guatemala, moderated this session. The panel featured grassroot women leaders and related international organizations. Godavari Dange, Swayam Shikshan Prayog, a women-led organization of farmer-producers, highlighted women farmers’ work in drought preparedness to cultivate and stockpile animal fodder. She also highlighted technology training conducted during the COVID-19 pandemic for women to use online platforms. Norma Choc Botzoc, Community Practitioners’ Platform for Resilience in Guatemala, described grassroot women’s own development of risk and vulnerability assessments, which, she noted, are being used as tools for advocacy to local authorities to direct resources appropriately. Speakers from ADB and the Centre for Coordination of Disasters in Central America and the Dominican Republic (CEPREDENAC) affirmed the central importance of cooperation and co-design of programs for climate resilience and recovery after disasters.

    Disaster preparedness and risk reduction in urban areas—Building back better

    Ladeene Freimuth, The Freimuth Group, moderated the session. Guilherme Simões, National Secretary for Peripheries, Ministry of Cities, Brazil, outlined the Live Peripheries program, which provides access to better urban infrastructure, social services, and opportunities; and the Peripheries Without Risk strategy, a community-based risk reduction and climate adaptation plan.

    Marcie Roth, World Institute on Disability, highlighted EWS as one of the best-proven and cost-effective methods for reducing disaster deaths and losses. She drew attention to “Infinite Access,” a communication platform designed to deliver emergency alerts in multiple accessible formats.

    Mario Flores, Habitat for Humanity International, discussed the challenges and opportunities of urban environments, stressing the need to build better in the first place; to have risk-informed development; and to consider housing as a platform for a peoplecentered resilience approach.

    Debbra Johnson, ARISE-US Network, addressed the report “Navigating the sustainability-resilience nexus,” which brings together the SDGs, the Paris Agreement, and the DRR Sendai Framework.

    Breaking the DRR financing silos: A systematic shift in DRR financing for localization of inclusive resilience

    Camila Tapias, UNDRR ARISE Global Board Member, moderated the session. Noting that financial capital existed but is not reaching local levels, Tanjir Hossain, Stakeholder Engagement Mechanism, called for breaking down silos so funding is not sitting around while millions of people suffer. Steve Goldfinch, ADB, described the National Disaster Management Fund of Pakistan that finances projects with high economic benefits using a 70% – 30% funding model from provincial governments. He also highlighted the National Disaster Risk Management Fund of the Philippines that encourage local governments to invest in disaster response, relief, preparedness and risk reduction measures. Emma Haight, UNDRR Investor Advisory Board, described the adoption of a green sewer design, first developed in Washington DC, which proved so successful that the design was replicated in London, UK, Cape Town, South Africa, and Quito, Ecuador, highlighting its environmental and financial risk reduction, and over USD 200 million in cost savings. Michelle Chivunga, Global Policy House, discussed using artificial intelligence to shift DRR responses, optimize data utilization in local governments, track and mobilize funding, and to use digital capital during humanitarian crisis to make up for funding shortfalls. Sara Hoeflich, United Cities and Local Government, recommended investment in basic services such as water supply, street cleaning, and sewer solutions to ensure clean cities as an investment and risk mitigation measure. Marcos Concepción Raba, Global Network of Civil Society Organisations for Disaster Reduction, discussed effective localization.

    Global Early Warning for All (EW4All) Multistakeholder Forum

    Opening

    Julien Thöni, Ambassador and Deputy Permanent Representative to the UN, Switzerland, said timely early warning action should provide critical time to act and respond, and noted that innovation better predicts and reaches people faster. Celeste Saulo, Secretary-General, World Meteorological Organization (WMO), suggested key criteria for improving early warning systems (EWS), including that science must connect people; and systems and partnerships must include actors “outside the DRR tent,” especially those most at risk. Kamal Kishore, Special Representative of the United Nations Secretary-General for Disaster Risk Reduction, and Head of UNDRR, said EWS should not be regarded as a once-off intervention. He said national ownership must be strengthened, and the concept of leaving no one behind should be embedded into all efforts. Selwin Hart, Special Adviser to the Secretary-General on Climate Action and Just Transition, via video, suggested EWS is the most basic tool for saving and protecting lives, and called for high-level political support, a boost in technology access, and public and private finance at scale.

    Fireside chat: The state of EWS

    Johan Stander, WMO, drew attention to national ownership, stakeholder engagement, and the involvement of funding partners when investing in EW4All. Sujit Kumar Mohanty, Chief of Branch, UNDRR, emphasized co-design and co-ownership approaches to meaningfully engage stakeholders for successful EW4All.

    Good practices: Stakeholder perspectives on EWS

    Interventions during this panel session included: calls to integrate women and youth in all decisions focused on EWS; investing in women’s leadership, particularly those with disabilities; ensuring young people are equitably involved; reaching those living in remote rural areas and conflict zones; and leveraging the communication power of mobile networks through private-public partnerships.

    UNDRR Disability Leaders gather at the end of the day.

    Perspectives from across regions on EWS

    Panelists in this session focused on: successful collaboration and EWS progress in Zimbabwe after the 2019 Cyclone Idai; institutionalization of the community-based approach to EWS in Barbados; main challenges to integrate scientific tools and remote sensing into EWS in Lebanon; integration of the private sector in EWS decision-making process in Makati, the Philippines; and the role of cross-border cooperation, knowledge sharing, and educating people for effective EWS in Poland.

    Thematic Sessions 

    Four thematic sessions took place during the day. These were:

    MIL OSI United Nations News –

  • MIL-OSI Asia-Pac: Scam alert related to banks

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA. Hyperlinks to the press releases are available on the HKMA website.
     

    Bank Type of Scam
    Shanghai Commercial Bank Limited Fraudulent websites and internet banking login screens
    The Bank of East Asia, Limited Fraudulent websites and internet banking login screens
    Chong Hing Bank Limited Fraudulent websites and internet banking login screens

    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).

    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the scams concerned, should contact the relevant bank with the information provided in the corresponding press release, and report the matter to the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

    MIL OSI Asia Pacific News –