Category: Business

  • MIL-OSI: SpyCloud Appoints Brad Rouse as Chief Revenue Officer Amid Growing Demand for Identity Threat Protection

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, May 15, 2025 (GLOBE NEWSWIRE) — SpyCloud, the leader in identity threat protection, today announced the appointment of Brad Rouse as Chief Revenue Officer (CRO). In this role, he leads SpyCloud’s global sales, partnerships, and customer success teams as the company scales its go-to-market efforts to meet surging demand for proactive threat remediation solutions.

    With more than 30 years of experience in technology sales and executive leadership, Brad brings a track record of building high-performing revenue organizations and delivering customer-centric security solutions. His leadership will play a key role in expanding SpyCloud’s global footprint and strengthening customer relationships as organizations face increasingly complex identity-based threats.

    “Brad’s expertise in scaling revenue teams and navigating the enterprise security landscape is a tremendous asset,” said Ted Ross, CEO and co-founder of SpyCloud. “As cybercriminals shift tactics and target the holistic identity, Brad’s leadership will help us deliver our differentiated approach to a broader audience and empower more businesses to take proactive steps against ransomware, account takeover, and online fraud.”

    Brad joins SpyCloud from Protegrity, where he served as CRO, where he oversaw global sales, customer success, support, and professional services. He has also held senior leadership roles at Entrust, Gemalto, Ping Identity, and IBM, helping to drive transformational growth and deepen enterprise customer engagement.

    In his new role, Brad oversees SpyCloud’s enterprise, mid-market, and Federal sales teams – as well as the channel, tech alliances, and customer success functions, which serve 700+ customers and partners around the globe.

    “SpyCloud’s mission to disrupt cybercrime by turning exposed identity data into a company’s best defense is not only compelling – it’s critical,” explained Brad Rouse, CRO of SpyCloud. “I’m excited to join a team that’s leading identity security innovation, and look forward to helping more organizations prevent devastating cyberattacks.”

    Brad’s appointment follows recent product innovations that reinforce SpyCloud’s leadership in transforming recaptured data – sourced from breaches, malware infections, and phishing attacks – into automated, holistic identity threat protection solutions. SpyCloud’s products enable security, identity, and fraud prevention to prevent, remediate, and investigate identity threats – acting on exposed credentials, session cookies, and financial data before it’s exploited.

    About SpyCloud

    SpyCloud transforms recaptured darknet data to disrupt cybercrime. Its automated identity threat protection solutions leverage advanced analytics to proactively prevent ransomware and account takeover, safeguard employee and consumer accounts, and accelerate cybercrime investigations. SpyCloud’s data from breaches, malware-infected devices, and successful phishes also powers many popular dark web monitoring and identity theft protection offerings. Customers include seven of the Fortune 10, along with hundreds of global enterprises, mid-sized companies, and government agencies worldwide. Headquartered in Austin, TX, SpyCloud is home to more than 200 cybersecurity experts whose mission is to protect businesses and consumers from the stolen identity data criminals are using to target them now.

    To learn more and see insights on your company’s exposed data, visit spycloud.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8c0f0a07-120c-4c44-a6e7-08559687112d

    The MIL Network

  • MIL-OSI: Viventium Revolutionizes Exclusion Monitoring for Healthcare Organizations With Exclugo Partnership

    Source: GlobeNewswire (MIL-OSI)

    BERKELEY HEIGHTS, N.J., May 15, 2025 (GLOBE NEWSWIRE) — Viventium, who offers an industry-leading payroll, HR, and compliance platform purpose-built for healthcare providers, is proud to announce a strategic partnership with Exclugo, an AI-powered exclusion monitoring and license verification company. This collaboration will integrate Exclugo’s real-time, continuous exclusion monitoring and license verification services into Viventium’s platform, offering healthcare providers the easiest ever path to monitoring compliance.

    These monitoring services are crucial to healthcare employers to ensure that employees, contractors, and vendors are licensed and are not listed on federal or state exclusion lists, such as the Office of Inspector General’s (OIG) List of Excluded Individuals and Entities (LEIE) and the System for Award Management’s (SAM) exclusion list. Employing or associating with excluded or unlicensed individuals or entities can lead to severe penalties, including denied claims, fines, and loss of federal funding.

    Traditional exclusion monitoring and license verification methods are often manual, time consuming, and prone to errors. Viventium and Exclugo have come together with a modern solution to these challenges by utilizing real-time integration and artificial intelligence to deliver a completely automated, always-on monitoring solution that is the first of its kind in the industry. Viventium clients will benefit from novel features including:

    • Real-time alerts: Always-on monitoring of all employees with immediate notifications for any changes in exclusion or license status.
    • AI-powered precision: Machine learning algorithms that continuously enhance monitoring accuracy and reduce false matches.
    • Comprehensive coverage: Monitoring services encompassing OIG, Office of Foreign Assets Control (OFAC), and state-level exclusions, as well as sex offender registries and Death Master File (DMF). National Provider Identifier (NPI) monitoring is also available.

    By integrating Exclugo’s advanced monitoring capabilities, Viventium clients can ensure compliance with regulatory requirements more efficiently, reducing administrative burdens and mitigating risks associated with non-compliance.

    “We are committed to providing our clients with innovative solutions to maintain compliance and simplify complex administrative tasks,” said Navin Gupta, CEO of Viventium. “This collaboration sets an entirely new industry benchmark, changing the way clients experience exclusion monitoring by bringing Exclugo’s real-time, AI-infused continuous monitoring services into Viventium’s platform. This unique offering gives healthcare providers the easiest ever path to exclusion monitoring compliance.”

    Michael Wenger, CEO of Exclugo, shared his enthusiasm for the collaboration: “Partnering with Viventium allows us to extend our AI-driven monitoring solutions to a broader audience. Together, we are empowering healthcare organizations to maintain the highest standards of compliance, ultimately contributing to better patient outcomes and operational efficiency.”

    About Viventium

    Viventium is healthcare’s trusted ally for payroll, HR, and compliance, combining innovative solutions with deep expertise in the healthcare industry. Its purpose-built cloud-based platform is designed to tackle the complexity and compliance challenges healthcare providers face, simplifying the workday, every day. Viventium helps organizations hire and retain care staff, improve the employee experience, and drive measurable value. Serving clients in all 50 states and supporting over 500,000 healthcare employees, Viventium enables organizations to focus on what matters most: providing compassionate care. It’s a new day, with Viventium. 

    For more information, visit viventium.com

    About Exclugo

    Exclugo is an AI-powered compliance monitoring company dedicated to revolutionizing exclusion monitoring in the healthcare industry. Our platform offers real-time, continuous monitoring of third-party vendors, contractors, business associates, medical staff, and employees. Designed by healthcare data experts, Exclugo ensures organizations stay compliant with ease, confidence, accuracy, and speed.

    For media inquiries, please contact:

    Jeff Petescia

    jpetescia@viventium.com

    The MIL Network

  • MIL-OSI: No KYC. 100x Leverage. Double Deposit Bonus. Crypto Futures Trading Made Easy on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 15, 2025 (GLOBE NEWSWIRE) — With the price of Bitcoin fluctuating above $100,000, many analysts are predicting a prolonged period of high volatility in the cryptocurrency market. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages. The platform now features a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage on cryptocurrency trading, providing exceptional opportunities for investors.

    Advantages of 100x Leverage Crypto Futures

    1. Amplified Profits: Control large positions with a small amount of capital, capturing more profits from market fluctuations.
    2. Low Capital Requirement: Participate in high-value trades with minimal investment, lowering the entry barrier.
    3. Increased Market Opportunities: Profit quickly from price fluctuations, especially in volatile markets.
    4. High Capital Efficiency: Leverage enables better use of your capital, expanding your investment potential.
    5. Profit from Both Up and Down Markets: Adapt to any market conditions, with opportunities to profit whether the market goes up or down.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

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    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

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    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/33a2f92a-19d5-458b-9591-7d22ecb524df

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5b8f4756-81a9-422d-89a0-52bf94338f93

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cef19994-896c-42eb-9e8e-7ff269e9bd2f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ff556d3d-4f48-4d4d-909d-21f25e3f2dfe

    The MIL Network

  • MIL-OSI: Aircela Unveils Machine That Turns Air into Fossil-Free Gasoline

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — Aircela, a New York-based fuels company, has developed a compact machine designed to turn air, water, and renewable electricity into real, engine-ready gasoline—without fossil inputs. Built for off-grid and distributed use, the machine captures CO₂ directly from the atmosphere and synthesizes it into clean fuel that works in any standard engine, with no modifications required.

    “We didn’t build a prototype. We built a working machine,” said Eric Dahlgren, co-founder and CEO of Aircela. “We want people to walk away knowing this isn’t too good to be true—it actually works.”

    The fully operational machine will be publicly demonstrated for the first time on May 20, producing gasoline on-site and in real time. The fuel is free of sulfur, heavy metals, and ethanol, and fully compatible with today’s engines and infrastructure.

    The technology builds on decades of research by Dr. Klaus Lackner, a physicist who pioneered the concept of direct air capture in the early 2000s. He will join Aircela’s unveiling to walk attendees through the technology—bringing his long-held vision for climate-ready fuels into real-world form.

    With over 90% of vehicles worldwide still running on fossil fuels, Aircela offers a practical path to decarbonize transportation—without requiring new infrastructure, new vehicles, or changes in driver behavior.

    Backed by Chris Larsen (founder of Ripple), Jeff Ubben (activist investor and ExxonMobil board member), and global shipping leader Maersk, Aircela has attracted support from across climate finance and transportation. The company plans to begin scaling production later this summer to support residential, commercial, and industrial deployments.

    About Aircela
    Aircela makes modular machines that produce fossil-free, engine-ready gasoline from air, water, and renewable electricity. Designed for flexible deployment and drop-in compatibility, Aircela’s technology offers a practical alternative to fossil fuels—without requiring new vehicles, new infrastructure, or new habits.

    The company was founded in 2019 by Mia Dahlgren and Eric Dahlgren, and is backed by Chris Larsen (founder of Ripple), Jeff Ubben (investor and activist board member of ExxonMobil), and global shipping leader Maersk.

    Media Contact:
    Nora Abramov
    Head of Communications, Aircela
    nora@aircela.com | www.aircela.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8a4f0ce-4b55-4a3e-b2a2-a9425a5e1f5a

    The MIL Network

  • MIL-OSI United Kingdom: Supporting customers through their application journey

    Source: United Kingdom – Executive Government & Departments

    News story

    Supporting customers through their application journey

    Steven Darling, Customer Experience Director, explains SLC’s approach to supporting customers.

    SLC has more than nine million customers which includes new and returning students as well as customers who are now repaying their loans – and this number grows every year.

    Around 1.5 million applications are submitted annually by students for tuition fees and maintenance loans to support their academic aspirations – (there are also more specific loans and grants available, including Parents’ Learning Allowance and Disabled Students’ Allowance for eligible students) – so it’s easy to see how our business has continued to grow over the last 30+ years.

    With this evolution comes opportunities as well as challenges, especially against a backdrop of changes in consumer behaviour and the monumental shift to digital technologies that has far advanced anything we could have imagined when SLC was in its infancy.

    SLC’s digital services are amongst the most frequently used in the public sector. Between our ‘Apply for Student Finance’ and ‘Manage my balance’ digital services, we handle around 75m interactions every year, which equates to roughly 94% of all our customer interactions. The vast majority of our customers expect their experience with SLC to be entirely digital and just as good as the experiences they have with organisations in the private sector – easy, fast and with minimal effort.

    Meeting these expectations and delivering improvements to our digital services is a significant piece of work and will take time. But I am pleased to say, we are making progress.

    Central to these improvements is enabling our customers to fully self-serve in their online accounts and more services are being added regularly– for example our digital refund service launched last year with customers now being able to request a refund online, if their earnings are below the annual threshold.  

    Our customers also want features within their online account to support them through a self-serve experience. This is why we have created a range of self-help tools including our application tracker and virtual assistant, as well as common question articles to support customers with any questions that they may have.

    Unlike other application processes that students may have encountered through a bank or mobile provider, it can take around six to eight weeks for a student finance application to be processed and approved. This is because most students apply at the same time each year and a range of checks need to be undertaken to verify customer details, as well as ensure the eligibility criteria is met.

    SLC is striving to deliver a fast and seamless experience, but sometimes those processes and checks happening in the background can prolong the length of time it takes for a customer’s application to progress through its journey.

    We also understand this can be an anxious wait for customers and our online application status tracker is designed to keep customers fully informed of progress and any actions they need to complete to progress through their journey.

    Most of the interactions our customers have with us happen online, and more and more customers are getting updates and tracking their progress there, SLC can devote even more effort to processing applications and getting customer accounts ‘ready to pay’ in time for term start.

    But we are always here to support our customers, and we’ve recently aligned our customer contact teams across our business to provide a more streamlined experience and expanded our Live Chat team. Our Live Chat service is available to customers through their online account and is a fast alternative to calling.

    We are heading into our busiest period. Exams will soon be over, and customers will start to look at the university to-do list which is where student finance usually comes to the forefront. This is why we’ve been reminding and encouraging customers to get ahead and apply for student finance asap.

    SLC data showed that 45% of applications were received after the application deadline last year, but applying before the deadline (16 May 2025) is the best way to ensure that funding is in place for the start of the 25/26 academic year. Customers can apply even if they don’t have a confirmed place at university or college (read all of our top tips here) and we’ve already received 630,000 applications since we opened our application window earlier this year, and our Customer Operations team have more in the ‘ready to pay’ status than ever before, which is encouraging.

    So, with the application deadline approaching, I would encourage students to make sure their student finance application is in and sit back and let us handle the rest.

    Updates to this page

    Published 15 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: China slams US for abusing export controls on Huawei chips

    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, May 15 (Xinhua) — China’s Ministry of Commerce on Thursday condemned the United States for abusing export controls on Ascend chips developed by Chinese tech company Huawei, vowing to take strong measures to protect the legitimate rights and interests of Chinese companies.

    “The US has abused its export controls and imposed stricter restrictions on Chinese chip products based on baseless allegations,” said Chinese Ministry of Commerce spokesperson He Yongqian, commenting on a recent US claim that the use of Huawei’s Ascend chips anywhere in the world violates US export controls.

    She further noted that the US actions seriously violate the legitimate rights and interests of Chinese companies, seriously threaten the stability of the chip industrial chain and supply chain, and seriously undermine market rules and the international trade and economic order.

    The restrictions will also not be conducive to the long-term, mutually beneficial and sustainable cooperation between the two countries’ companies for their further development, she said, demanding that the US immediately correct its wrongdoings, promising to take decisive steps to protect the rights and interests of Chinese companies. -0-

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Immigration white paper

    Source: United Kingdom – Executive Government & Departments 3

    Oral statement to Parliament

    Immigration white paper

    The Home Secretary gave an oral statement to the House of Commons on 12 May to introduce the ‘Restoring Control over the Immigration System’ white paper.

    Madam Deputy Speaker, with your permission, I will make a statement on the government’s white paper on Restoring Control over the Immigration System.

    Five months ago, the figures were published that showed net migration had reached a record high of more than 900,000 under the last government – a figure that had quadrupled in the space of just 4 years.

    It was the consequence of specific government choices made from 2020 onwards, including introducing what was effectively a free market experiment on immigration – encouraging employers to recruit from abroad, loosening controls in different areas but without any requirement to tackle skills and labour shortages here at home. Choices which undermined the immigration system and the economy too.

    This government is making very different choices. We made clear at that time, just as we had set out in our manifesto, this government would restore order and control to the immigration system, bringing net migration substantially down but also boosting skills and training here at home.

    The white paper we are publishing today does exactly that and it is built on 5 core principles.

    First, that net migration must come down so the system is properly managed and controlled.

    Second, that the immigration system must be linked to skills and training here in the UK, so that no industry is allowed to rely solely on immigration to fill its skills shortages. 

    Third, that the system must be fair and effective, with clearer rules in areas like respect for family life, to prevent perverse outcomes that undermine public confidence.

    Fourth, that the rules must be respected and enforced – including tackling illegal and irregular migration and deporting foreign criminals.

    And finally, that the system must support integration and community cohesion, including new rules on the ability to speak English and the contribution that people can bring to the UK.

    The United Kingdom is an interconnected and outward-looking nation. Our history and our geography mean that, for generations, British people have travelled overseas to live and work, and people have come to the UK to study, work, invest or seek refuge. And British citizens draw on heritage from all over the world and that has made us the country we are today.

    Through many years our country has been strengthened by those who have come here to contribute – from the doctors in our NHS to the entrepreneurs founding some of our biggest businesses to those who came through generations to work in jobs from coal mining to caring for our loved ones to serving in our armed forces. People often coming to do some of the most difficult jobs of all.

    Our trading nation, global leading universities and strong historic international connections mean that migration will always be part of our country’s future as well as our past.

    But that is exactly why immigration needs to be properly controlled and managed. It hasn’t been.

    Overseas recruitment shot up while training in the UK was cut.

    Lower skilled migration soared while the proportion of UK residents in work plummeted.

    In 2019 10% of skilled work visas went to non-graduate jobs; by 2024 that had risen to 60%.

    Employers were even given a 20% wage discount if they recruited for shortage jobs from abroad – actively discouraging them from paying the going rate or training here at home.

    Education institutions were allowed to substantially expand the number of overseas students without proper compliance checks.

    Social care providers were encouraged to recruit from abroad with no proper regulation.

    So we saw a serious increase in exploitation – deeply damaging for those who came to work here in good faith, and also for other workers and responsible companies who were being undercut.

    The rules and laws that are supposed to the immigration system were too often ignored.

    By 2024, returns of people with no right to be in the UK were down over a third compared to 2010.  

    And, of course, criminal gangs were allowed to build an entire smuggling industry along our borders, undermining security and creating a crisis in the asylum system.

    Madam Deputy Speaker, later this year we will set out further reforms on asylum and border security, and on tackling illegal and irregular migration, building on the new counter-terrorism powers in the Border Security, Asylum and Immigration Bill before the House this evening, because no one should be making these dangerous crossings on small boats.

    But this white paper sets out how we restore that control to the legal migration system so it is sustainable, fair and works for the UK.

    First, we are overhauling the approach to labour market policy so for the first time we properly link the immigration system to skills and training here in the UK.

    So that where there are skills or labour shortages in the UK, immigration should not always be the answer to which employers turn. Because that long-term failure to tackle skills shortages, to bring in proper workforce planning, to get UK residents back into work, or to improve pay, terms and conditions here at home is bad for our economy as well as for the immigration system because it undermines our productivity and growth.

    So we will lift the threshold for skilled worker visas back to graduate level and above, removing up to 180 different jobs from the list, increasing salary thresholds.

    Access to the points-based system for lower-skilled jobs will be limited to areas on a new temporary shortage list, including jobs which are critical to the industrial strategy, but access will be time-limited. There must be a domestic workforce strategy in place, and employers must be acting to increase domestic recruitment.

    We will expect workforce strategies to be drawn up more widely in other higher-skilled areas too where there is overreliance on recruitment from abroad.

    To support that work we will establish the new Labour Market Evidence Group, bringing together skills bodies from England, Scotland, Wales and Northern Ireland, the Department for Work and Pensions, the Industrial Strategy Council and the Migration Advisory Committee to gather and share evidence on shortage occupations in different parts of the country and also to highlight the role that skills, training, pay and conditions and other policies can play in improving domestic recruitment, so that increased migration is never again the only answer to the shortages the economy faces.

    This new approach means we also need to act on social care.

    The introduction of the Social Care Visa led not only to a huge increase in migration but also to a shameful and deeply damaging increase in abuse and exploitation.

    When proper checks were finally brought in, 470 care providers had their licence to sponsor international staff suspended. 39,000 care workers were displaced.

    Overseas recruitment for care jobs has since dropped but it must not surge like that again. And it’s time we addressed domestic issues, including a proper fair pay agreement to show respect to people who do some of the most important jobs in the country.

    We are therefore ending overseas recruitment of care workers. It will continue to be possible to extend existing visas and to recruit displaced care workers and people already in the UK with working rights on other visas.

    Alongside the new visa controls and workforce strategies, we will also increase the immigration skills charge paid by employers who recruit from abroad by 32%. That money will be invested through the Spending Review in supporting skills and training here in the UK.

    We will ensure that Britain continues to attract the brightest and best global talent, by enhancing visa routes for very high skilled individuals, top scientific and design talent, and people with the right experience to support growth in key strategic industries.

    Madam Deputy Speaker, international students bring huge benefits to the UK – supporting our world-leading universities, bringing in top talent and investment.

    But we will strengthen compliance requirements and checks to prevent visa misuse.

    Currently, too many people on the Graduate Visa are not doing graduate jobs. So we will reduce the unrestricted period from 2 years to 18 months. Those who want to stay will need to get a graduate job on a Skilled Worker Visa so that we can ensure they are contributing to the economy.

    Just as our rules on work visas are based on the contribution we expect people to make when they come to our country, we will consult later this year on new earned settlement and citizenship rules that apply the same approach, extending the principles of the points-based system, doubling the standard qualifying period for settlement to 10 years with provisions to qualify more swiftly that take account of the contribution people have made.

    Because the ability to speak English is integral to the ability for everyone to contribute and integrate, we will introduce new, higher language requirements across a range of visa routes, for both main applicants and their dependants. So family, too, can work, integrate and contribute.

    The system for family migration has become overly complex with policies increasingly developed around case law from court decisions rather than a co-ordinated framework set out by Parliament. So we will set out a new clearer framework, to be endorsed by Parliament, including clarifying how Article 8 rules should be interpreted and applied to prevent confusion or perverse conclusions.

    We will review current community sponsorship schemes that support recognised refugees and will continue to take action against trafficking and modern slavery. And we will shortly appoint a new Windrush Commissioner to ensure that Windrush lessons continue to be learnt and the Home Office also makes sure its standards are upheld.

    But the rules must be respected and enforced across the board. So we will also bring in stronger controls where there is evidence of visa misuse. We are also rolling out e-visas and digital ID, including better use of technology to monitor when people are overstaying on their visa, or to support the increase in illegal working raids. Since the election we have increased returns and we will go further.

    Those who come to our country must abide by our laws.

    So we will develop new procedures to ensure the Home Office is informed of all foreign nationals convicted of offences – not just those who go to prison – so we can also revoke visas and remove other offenders in a wide range of crimes who are abusing our system.

    Madam Deputy Speaker, already we are reducing the number of visas being granted this year, and updated figures will be published before the end of the month.

    Already we are increasing returns with over 24,000 people in the first 9 months, the highest 9-month period for 8 years.

    The impact of the changes to skilled worker visas, care worker visas, settlement, students and English language is expected to reduce visas by around 100,000 a year. In addition, the new workforce strategies, immigration skills charge, family and asylum reforms will further bring numbers down on top of that. And as the Prime Minister has said, where we need to go further to restore a sustainable system, we will.

    Conclusion

    In conclusion, Madam Deputy Speaker, throughout our history, Britain has been strengthened by people coming to start new businesses, study at our universities, contribute to our cultural and sporting excellence, and do some of the toughest, most essential jobs in our country.

    But to be successful, effective and fair, our immigration must be properly controlled and managed. This white paper sets out how we will restore control, fairness and order to the system, how we will continue to bring net migration down, and how we will turn the page on the chaos and failure of the past. I commend this statement to the House.

    Updates to this page

    Published 12 May 2025

    MIL OSI United Kingdom

  • MIL-OSI: Crowd Street Sponsors Premier Venture Capital Event To Showcase Momentum in Self-Directed Private Market Investing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — Crowd Street, the direct-access private market investment platform dedicated to helping members reach their financial ambitions, today announced its sponsorship of Beyond Summit 2025. Beyond Summit, which runs from May 19-21 in Carlsbad, Calif., is an annual event hosted by Allocate, a leading technology platform transforming private market investing for wealth advisors and family offices. The conference is a premier gathering designed to bring together leading limited partners, fund managers, venture and technology leaders to discuss the future of innovation and private markets investing.

    As the world of private market investing enters an increasingly exciting inflection point, Crowd Street’s goal is to help individual investors gain access to private market opportunities that have historically been reserved for institutions and ultra-high-net-worth individuals. Through its presence at Beyond Summit, Crowd Street is reinforcing its commitment to providing more access and education across various asset classes in an effort to reimagine wealth-building strategies for a new generation of investors.

    “Private markets are no longer a niche segment of the investment landscape – it is a thriving ecosystem with the potential to redefine how individual investors diversify their portfolios and work to build wealth,” said John Imbriglia, CEO of Crowd Street. “Our mission is to help inspire and empower the millions of individual investors in this country who want to realize their financial goals through a self-directed platform. We have admired what Allocate has been building since it first started, so it makes sense to support them at the Beyond Summit. We believe the rising tide of private market investing will lift all boats. We currently have tens of thousands of accredited investors who are actively investing in real estate through our platform. As more and more people understand the potential for wealth creation in private markets, we expect our member base to grow significantly, especially as we work to expand our investment offerings to more asset classes such as private equity and private credit.”

    “Like Crowd Street, we have seen the growing interest in Private Market investing from family offices and registered investment advisors,” said Samir Kaji, CEO of Allocate. “We’re grateful to have Crowd Street as a premier sponsor for this event. We are thrilled to share the energizing trajectory of our industry with Crowd Street – a company that appears to have what it takes to meet the moment and shape the future. Through the lens of Venture Capital, we have been at the forefront of all of this increased interest in private market investing. It feels like the demand that has been bubbling beneath the surface in recent years is getting ready to explode. So, it’s a very exciting moment for Allocate and Crowd Street to stay closely connected.”

    The invite-only event will bring together over 200 of the most influential minds in the industry to explore the rising potential of private market investing. Last year’s event welcomed more than 200 family offices, representing 13 countries and 70 cities, and included 70+ venture general partners.

    According to Allocate, attendees will hear from some of the most insightful investors in private markets and the innovation economy from leading companies such as OpenAI, Kleiner Perkins, Forerunner and more. These leaders will discuss what it takes to implement succession planning at a top-tier venture capital franchise and explore how private capital – coupled with a multi-asset investment approach from one of the world’s largest family offices – is driving impactful societal and environmental change. Most importantly, attendees will receive unique insights into private market investments, gain greater education into the private market ecosystem, and understand the opportunity in self-directed access to private market investing.

    Together, Crowd Street and Allocate are committed to the larger purpose of giving access to self-directed investors to the expansive private market ecosystem that has an $87 trillion market opportunity (Blue Owl, February 2025). By providing the tools, education, and connections needed to navigate the private markets, individual investors will have the necessary understanding to explore various asset classes with confidence. As self-directed private market investing continues to gain traction, this collaboration is a testament to how the future of wealth-building may be rooted in shared access.

    This sponsorship follows Crowd Street’s latest brand-building initiatives, which demonstrate the company’s broader vision of providing self-directed access to private market investments that have typically been reserved for institutions and wealth managers. To learn more about Crowd Street’s new vision that will help empower the next generation of private market investors, visit https://new.crowdstreet.com/.

    About Crowd Street
    Crowd Street empowers its members to reach their financial ambitions through self-directed private market investments. The platform offers a carefully selected marketplace of alternative investment opportunities that have historically only been available to a small group of people. In addition to providing advanced tools, research, and insights to help investors confidently explore these exclusive opportunities, Crowd Street is also building a member experience rooted in trust and experience – further bridging the gap between investment opportunities and true financial wealth. Learn more at https://www.crowdstreet.com/.

    Media Contact
    LaunchSquad
    CrowdStreet@launchsquad.com

    CrowdStreet, Inc. (“Crowd Street”) offers investment opportunities and financial services on its website. Broker dealer services provided in connection with an investment are offered through CrowdStreet Capital LLC (“Crowd Street Capital”), a registered broker dealer, Member FINRA/SIPC. Advisory services are offered through CrowdStreet Advisors, LLC (“Crowd Street Advisors”), a wholly-owned subsidiary of Crowd Street and a federally registered investment adviser. Investment opportunities available through Crowd Street are speculative and involve substantial risk. You should not invest unless you can sustain the risk of loss of capital, including the risk of total loss of capital. All investors should consider their individual factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate.

    The MIL Network

  • MIL-OSI: Vantage Drilling International Ltd. Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Dubai, May 15, 2025 (GLOBE NEWSWIRE) — Vantage Drilling International Ltd. (“Vantage” or the “Company”) reported a net loss attributable to shareholders of approximately $18.9 million or $1.42 per diluted share for the three months ended March 31, 2025, based on the weighted average shares outstanding, as compared to a net loss attributable to shareholders of approximately $2.9 million or $0.22 per diluted share for the three months ended March 31, 2024. 

    As of March 31, 2025, Vantage had approximately $76.4 million in cash. This total includes $15.5 million in pre-funding for upgrading the Tungsten Explorer, $3.3 million in restricted cash and $5.8 million pre-funded by our Managed Services customers for near-term obligations. In comparison, as of March 31, 2024, Vantage had $67.0 million in cash, including $10.8 million of restricted cash and $11.1 million pre-funded by our Managed Services customers for near-term obligations.

    Ihab Toma, CEO, commented: “The Company is pleased to have received a Conditional Letter of Award for the Platinum Explorer for work later this year. We continue to remain focused on completing the sale of the Tungsten Explorer and are pleased to expand the Managed Services segment through the execution of a marketing agreement with Eldorado Drilling.”

    Vantage, a Bermuda exempted company, is an offshore drilling contractor. Vantage’s primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells globally for major, national and independent oil and gas companies. Vantage also markets, operate and provides management services in respect of third party-owned drilling units. For more information about the Company, please refer to the Company’s website, www.vantagedrilling.com. 

    The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the Company’s reports or filings posted to its website or otherwise made available to its investors or creditors. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Vantage disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

    Non-GAAP Measures

    We report our financial results in accordance with generally accepted accounting principles (GAAP) in the United States. However, in our earnings release and during our earnings calls we may reference company information that does not conform to GAAP. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that exclude or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. Management believes that an analysis of this data is meaningful to investors because it provides insight with respect to ongoing operating results of the Company and allows investors to better evaluate the financial results of the Company. However, these measures should not be viewed as an alternative to or substitute for GAAP measures of performance, and these non-GAAP measures may not be consistent with previously published Company reports on Forms 10-K, 10-Q and 8-K. Non-GAAP measures we may reference have been reconciled to the nearest GAAP measure in the tables entitled Reconciliation of GAAP to Non-GAAP Financial Measures below.

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

    Attachment

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  • MIL-OSI: MKS Instruments Announces Change of Corporate Name to MKS Inc.

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., May 15, 2025 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI) (“MKS”), a global provider of enabling technologies that transform our world, announced today that its shareholders have approved the change of the Company’s name to “MKS Inc.” and the change is effective May 16, 2025. 

    John T.C. Lee, President and CEO of MKS, said: “Since its founding in 1961 as an industrial instruments company, MKS has significantly expanded and entered new markets through organic growth from investment in research and development and strategic acquisitions, such as Newport in 2016, ESI in 2019, and Atotech in 2022. The name MKS Inc. better reflects the breadth and scope of our current and future business as a provider of not only industrial instruments but also world-class subsystems, systems, process control solutions, and specialty chemicals technology that improve process performance, optimize productivity, and enable unique innovations for many of the world’s leading technology and industrial companies. This change commemorates the “new” MKS that has been years in the making.”   

    The Company’s stock will continue to trade on Nasdaq under its current symbol “MKSI” and the name change will have no effect on MKS’ corporate structure or the names of any of its subsidiaries.

    About MKS Instruments
    MKS Instruments, Inc. enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.

    Contacts:

    Bill Casey
    Vice President, Marketing
    Telephone: +1 (630) 995-6384
    Email: press@mksinst.com

    Kelly Kerry, Partner
    Kekst CNC
    Email: kerry.kelly@kekstcnc.com

    The MIL Network

  • MIL-OSI: Traliant to spotlight innovative Code of Conduct, harassment prevention and AI training solutions at ATD25

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — Traliant, a leading provider of online compliance training, is set to turn heads at this year’s ATD25 Conference & Expo in Washington, DC, from May 18–21. At booth #2135, attendees can get a firsthand look at Traliant’s innovative training solutions — designed to help L&D professionals and HR leaders deliver compliance training that’s not just effective – it’s engaging, relatable and memorable.

    Visitors will get an exclusive first look at Traliant’s reimagined Code of Conduct training, featuring The Code — a cinematic, TV-style series that brings complex ethical dilemmas to life and empowers employees to apply policies in real-world situations. The launch of the training coincides with Traliant’s new 2025 Code of Conduct Report, which reveals that over one-third of employees have encountered ethical situations at work where they were unsure how to respond. With more than half saying that a more relatable Code of Conduct would improve ethical decision-making, the findings underscore the importance of delivering training that truly connects – giving employees the confidence to act with integrity when it matters most.

    Alongside the premiere of its groundbreaking Code of Conduct training, Traliant will spotlight two powerful additions:

    • Preventing Workplace Harassment: 2025 Edition
      Annually updated for the year ahead, this new season of training combines cinematic scenarios with unscripted, real-life stories to help employees recognize, navigate and respond to inappropriate behavior. Fully accessible and compliant in all 50 states, the course is available in industry-specific and global versions, making it easy for L&D and HR teams to scale training across the organization.
    • AI in the Workplace
      As AI continues to evolve in the workplace, this timely training equips organizations to guide responsible AI adoption in alignment with company policies. The course helps build essential AI literacy through real-world scenarios and practical decision-making frameworks, helping employees use GenAI tools confidently and ethically.

    Interactive Games + Giveaways
    Stop by booth #2135 to test your knowledge in Traliant’s fast-paced Compliance Challenges game, get your portrait drawn by an AI-powered sketchbot, grab some cool swag, and enter to win a FREE Nespresso Creatista Plus just by following Traliant on LinkedIn at the booth.

    To learn more or book a meeting with Traliant at ATD25, visit https://www.traliant.com.

    About Traliant
    Traliant, a leader in compliance training, is on a mission to help make workplaces better, for everyone. Committed to a customer promise of “compliance you can trust, training you will love,” Traliant delivers continuously compliant online courses, backed by an unparalleled in-house legal team, with engaging, story-based training designed to create truly enjoyable learning experiences.

    Traliant supports over 14,000 organizations worldwide with a library of curated essential courses to broaden employee perspectives, achieve compliance and elevate workplace culture, including sexual harassment traininginclusion trainingcode of conduct training, and many more.

    Backed by PSG, a leading growth equity firm, Traliant holds a coveted position on Inc.’s 5000 fastest-growing private companies in America for four consecutive years, along with numerous awards for its products and workplace culture. For more information, visit http://www.traliant.com and follow us on LinkedIn

    Contact:
    Reagan Bennet
    traliant@v2comms.com

    The MIL Network

  • MIL-OSI: Hedra raises $32M to build the leading generative media platform for digital characters

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, May 15, 2025 (GLOBE NEWSWIRE) — In the fight for audience attention, video wins – but producing it remains out of reach for most companies. Hedra, the AI video generation platform behind over 10 million lifelike videos, has raised $32 million to bring AI-powered video creation to enterprise marketers. 

    The series A funding round was led by Andreessen Horowitz’s Infrastructure fund (a16z Infra), with participation from existing investors, including a16z speedrun, Abstract, and Index Ventures. This round brings the company’s total funding to $44 million since its last announced fundraise in 2024. 

    Video production is mired in lengthy timelines and production costs that can spike up to thousands of dollars per minute. While over 2.5 million users have already generated millions of videos with Hedra,  the company is now bringing this creative superpower to enterprise marketers (and beyond) who need to produce character-driven video content at scale. Whether it’s a seasonal campaign or a response to a real-time cultural moment, Hedra allows teams to create high-quality content fast featuring lifelike digital characters – so they can meet their audience where they are, when it matters most.

    Hedra founder Michael Lingelbach.

    Hedra’s origin is deeply personal for founder and CEO Michael Lingelbach. Before pursuing a PhD at Stanford, he spent years on stage as a theatre actor. That experience shaped his belief that characters are the heart of every story, and that believable digital characters would unlock the next era of storytelling. “We’re building the next generation of storytelling technology to empower content creators and enterprise marketers to tell narratives at scale on their own. Getting over the uncanny valley of compelling performance is the hardest frontier in video, and with our Character-3 foundation model, we’re devoted to crossing it,” said Michael Lingelbach, Founder and CEO of Hedra.

    At the heart of Hedra’s magic is Character-3, the first omnimodal foundation model that seamlessly blends text, image, and audio to create character performance videos. Whether you need a professional spokesperson explaining your product, an animated brand mascot, or even an animal-style character, the model works across any style and framing — from cinematic full-body shots to intimate close-ups. This breakthrough technology powers Hedra Studio, where users can transform simple ideas into compelling visual stories with just a few clicks.

    Video creation in motion with Hedra.

    Since launching in 2024, Hedra has seen explosive growth, attracting a wide range of users, from social media creators to enterprise teams looking to streamline video production – including Jon LaJoie and Reid Hoffman. As marketing teams face pressure to do more with less, and as consumers grow increasingly discerning in a tighter economic climate, the ability to produce content quickly — and with emotional impact — has become a competitive necessity. With Hedra, brands can speak to the moment, respond to cultural conversations in real time, and cut through the noise with high-quality videos that resonate.

    “This kind of creative agility is no longer just a nice-to-have — it’s essential for capturing attention in an increasingly crowded digital landscape,” added Michael Lingelbach. Unlike competitors focused solely on avatars or narrow use cases, Hedra delivers a unified solution that integrates story, sound, and video generation into one seamless workflow. Teams can create customizable digital characters with unique appearances, voices, and personalities and place them into dynamic scenes — empowering them to scale content production without sacrificing quality or originality.

    Team Hedra is bringing creative superpowers to enterprise marketers (and beyond) who need to produce character-driven video content at scale.

    “Hedra is building foundational technology for the next generation of media,” said Matt Bornstein, Partner at Andreessen Horowitz who had joined the Hedra board. “Character-3 is a breakthrough model that integrates text, video, and audio to create highly controllable, expressive characters. If you want to create AI-driven actors, it’s the best model in the market by far. And that capability unlocks use cases across the creator economy, enterprise marketing, entertainment, and more. We’re absolutely thrilled to back Michael and the Hedra team as they build the foundation model for generative characters.”

    As AI-powered storytelling continues to evolve, Hedra is investing heavily in pushing the next frontier of quality and controllable model quality — ensuring that its technology not only performs at the cutting edge, but solves real-world creative challenges. The team has grown to 20 employees, with plans to triple headcount by year’s end.

    Looking ahead, Hedra is poised to become the creative canvas for the next generation of media creators – from individuals to global brands. By combining cutting-edge AI models with intuitive creation tools, the company is democratizing video production and enabling a future where compelling visual narratives are limited only by imagination, not by budget or technical expertise. As the line between human and AI-generated content continues to blur, Hedra is ensuring that the art of storytelling remains vibrant, accessible, and deeply human at its core.

    Ends

    Media images can be found here

    About Hedra
    Hedra is at the forefront of combining artificial intelligence with creative video production making digital creation as accessible and engaging as it should be. Their platform is designed to democratize video creation, making it easier and faster for users to produce high-quality content with complex narratives and personalized characters. Hedra’s developments are set to transform how brands and individual creators engage with audiences, providing new avenues for storytelling in the digital age. More for information please visit https://www.hedra.com/ or follow via LinkedIn, X or TikTok

    The MIL Network

  • MIL-OSI: Wix Aims to Disrupt the Design Experience with Wixel, The Next-Generation AI-Powered Visual Design Platform for Anyone

    Source: GlobeNewswire (MIL-OSI)

    Wix is redefining creative empowerment with the launch of Wixel – a standalone AI-powered design platform that brings the most advanced visual design capabilities into a single intuitive interface

    NEW YORK – Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1 today announced the launch of Wixel, a new standalone AI-powered visual design platform.  Built to democratize visual design, Wixel enables anyone to effortlessly bring their ideas to life, producing high-quality results with ease. The platform integrates cutting-edge artificial intelligence with an intuitive user interface and powerful features to offer a seamless visual design experience.

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

    In an era of rapid technological change and rising user expectations, studio-quality design has become the new standard. With the overwhelming amount of available tools, the landscape is constantly shifting, and many business owners and creators often struggle with finding the right tools for specific use cases and producing professional results.

    Wix has long been at the forefront of making complex technologies accessible to all, empowering anyone to build professional-quality websites. That same vision now powers Wixel, an AI-driven design platform that brings high-end creative tools to anyone. Wixel is unique in that it handles the complexity behind the scenes, choosing the best models for each task to ensure optimal results. 

    For example, a jewelry designer can snap a photo of their product, upload it to Wixel, instantly remove or place their product in a completely different setting and context, fine-tune contrast and saturation, and place it into a professionally designed template – all within minutes. They can add text, customize the layout, and download the final image to use on social media or their online store. Alternatively, Wixel can generate high-quality images in several different styles, giving users the flexibility to match their brand seamlessly. This end-to-end workflow makes it easier than ever to create visual assets, with even more advanced features, like video and story creation on the horizon. 

    “AI is the foundation of Wixel,” said Avishai Abrahami, Co-Founder and CEO of Wix. “Design is in our DNA, and simplifying complex experiences is what we do best. We’re now determined to revolutionize design by democratizing access to powerful and creative tools for everyone, regardless of their design expertise. This version is just the beginning, and I am excited to explore the limitless creative possibilities that Wixel will unlock as we continue to innovate and refine our platform.”

    Among the advanced models powering Wixel is OpenAI’s new image generation model. Colin Jarvis, Head of Forward Deployed Engineering at OpenAI, said: “We’re always excited to see how our API can create new user experiences and Wix is making it easier than ever for people to create professional-looking visuals, fast. By integrating our image generation technology into Wixel, they’ve built a simple, powerful tool that helps anyone—from small business owners to creators—to bring their ideas to life with just a few clicks.

    Wixel is now available in English, providing free usage with an optional upgrade to a Pro Plan for enhanced usage and access to premium templates and design elements. Learn more about Wixel here.

    About Wix.com Ltd.
    Wix is the leading SaaS website builder platform1 to create, manage and grow a digital presence. Founded  in 2006, Wix is a comprehensive platform providing users – self-creators, agencies, enterprises, and more – with industry-leading performance, security, AI capabilities and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, the platform enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, users can seamlessly build a powerful and high-end digital presence for themselves or their clients. 

    For more about Wix, please visit our Press Room
    Media Relations Contact:  PR@wix.com  

    1 Based on number of active live sites as reported by competitors’ figures, independent third-party data and internal data as of H1 2024.

    Attachments

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  • MIL-OSI: Nokia and Celesta Capital launch Astranu to advance healthcare imaging technology

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and Celesta Capital launch Astranu to advance healthcare imaging technology

    • Startup spin-out from Nokia Bell Labs will commercialize advanced healthcare imaging technology.
    • Venture is the first in a Nokia – Celesta collaboration aiming to create a pipeline of spin outs from Nokia Bell Labs technologies.
    • Astranu’s transformative technology delivers a highly performant, cost-effective imaging system for rapid and accurate 3D imaging of middle-ear conditions and hearing response.

    15 May 2025
    Murray Hill, New Jersey and San Mateo, California – Nokia and Celesta Capital today announced that Astranu, a company transforming hearing care through next-generation imaging technology, has officially spun out from Nokia as part of a collaboration to accelerate the commercialization of innovative technologies. This marks the inaugural venture launched through the collaboration between Nokia and Celesta Capital.

    Astranu leverages proprietary integrated Optical Coherence Tomography (iOCT) technology developed by Nokia Bell Labs and aims to dramatically transform ear diagnostic care through advanced, non-invasive, high-resolution 3D imaging. The iOCT technology brings high performance imaging into the world’s most cost-effective OCT system, providing instant, high-accuracy imaging of middle-ear conditions and hearing response. This has the potential to address critical healthcare gaps by helping to reduce incidences of misdiagnosis, unnecessary referrals, and significantly reducing the reliance on costly and invasive exploratory surgery and imaging techniques such as CT and MRI scans.

    Through the spin out, experienced healthcare technology executive Trevor Hawkins, PhD, joins Astranu as CEO, bringing decades of leadership in successfully scaling healthcare and diagnostic startups. iOCT co-inventors Michael Eggleston, PhD, and Bibek Samanta, PhD, who incubated and developed the technology to commercial readiness at Nokia Bell Labs, will help support Astranu in this next phase.

    Nokia Bell Labs, Nokia’s award-winning industrial research arm, will continue to support Astranu with vital laboratory resources and R&D expertise, reaffirming their commitment to fostering innovation with real world-impact.

    “Astranu reflects Nokia Bell Labs’ approach and commitment to nurturing groundbreaking innovations from early-stage research through commercialization. Astranu’s revolutionary imaging technology holds transformative promise for healthcare, and we’re proud to support their journey,” said Mike Chen, Vice President of Ventures at Nokia.

    Celesta Capital’s involvement brings strategic direction, commercialization support, and substantial industry networks vital for rapid market adoption of Astranu’s technology.

    “We are excited to partner with Nokia in spinning out Astranu, which represents the ideal convergence of innovative technology and high impact healthcare applications. Celesta’s experience in scaling deep technology ventures uniquely positions us to help Astranu navigate the complex dynamics of establishing and scaling a successful technology business,” said Sriram Viswanathan, Founding Managing Partner at Celesta Capital.

    Achin Bhowmik, PhD, Chief Technology Officer and Executive Vice President of Engineering for hearing technology company Starkey, will join the Company’s Board of Directors. “Astranu’s imaging technology offers the potential to deliver high-resolution insights at the point of care,” said Dr. Bhowmik. “I look forward to supporting the company’s journey and helping explore ways this technology can advance patient outcomes.”

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

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

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

    About Celesta Capital
    Celesta Capital is a global deep technology venture capital firm. Led by technology industry veterans with decades of investment and operational experience, Celesta Capital has a passion and proven track record for building and scaling global businesses. Founded in 2013, Celesta has a portfolio of more than 100 early-stage technology investments. Learn more at http://celesta.vc.

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

    Celesta Capital
    Trevor DeWitt, Head of Marketing
    Email: trevor@celesta.vc

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    Connect with Celesta
    LinkedIn X Newsletter TechSurge Podcast

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  • MIL-OSI: TAB Bank Provides $3 Million Factoring Line of Credit for CNC Precision Machine

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, May 15, 2025 (GLOBE NEWSWIRE) — TAB Bank has structured a $3 million factoring line of credit for CNC Precision Machine Inc. to improve cash flow for inventory and working capital.

    CNC Precision Machine is a leading manufacturer of world-class hydraulic fittings serving the aerospace, transportation and machinery industries. The company, headquartered in Parkman, Ohio, was founded in 2002, and manufactures high-quality hydraulic fittings in its state of the art 100,000 square feet of flexible manufacturing space. The company’s in-house experts assist customers with complex design challenges, offering custom orders to meet specific project needs.

    “I’ve closed similar loans in the past, but my TAB Bank experience has been, by far, the best,” said Marc Karyo, CFO of CNC Precision Machine. “Natasha, our underwriter, was always available and kept the process rolling where others would have let it stall. Everyone on the TAB Bank team seemed to take a personal interest in our account and wanted to ensure that our transition went smoothly. Also, I love the small bank attention and service we’ve gotten from our Relationship Manager, LilyAnn. This is the banking team that we’ve been looking for!”

    TAB Bank offers tailored financial solutions to small and mid-sized businesses across various industries, including manufacturing, specializing in asset-based lending, equipment financing and working capital solutions. Leveraging the right financial tools to match a company’s objective solves financial challenges and unlocks access to working capital for operations and growth.

    “Our partnership with CNC Precision Machine is an example of how our pillar of hiring, developing and retaining ‘Extraordinary People’ builds value for our customers,” said Justin Hatch, Chief Lending Officer at TAB Bank. “We look forward to helping CNC Precision Machine use the right financial tools to grow its business to its 25th Anniversary and beyond.”

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-710-6318
    trevor.morris@tabbank.com

    The MIL Network

  • MIL-OSI: Altai Announces Senior Management Addition

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 15, 2025 (GLOBE NEWSWIRE) — Altai Resources Inc. (TSXV: ATI) (“Altai” or the “Company”) announced today that the Company has added Yana Silina to the senior management team, in the role of Chief Financial Officer (the “CFO”). Ms. Silina is a Chartered Professional Accountant with over 15 years of experience in financial reporting, corporate governance, and regulatory compliance, primarily within the venture capital and resource sectors.

    Ms. Silina holds a Diploma in Management Studies from Thompson Rivers University and is currently a Senior Accountant at Da Costa Management Corp., where she provides financial consulting and outsourced CFO services to both public and private companies.

    Ms. Silina also serves as the CFO of StimCell Energetics Inc., Stuhini Exploration Ltd., Tocvan Ventures Corp, and Cascade Copper Corp. In addition, she is a Director of Kesselrun Resources Ltd.

    ABOUT ALTAI
    Altai Resources Inc. is a Toronto, Ontario based resource company with a producing oil property in Alberta, an exploration gold property in Quebec, and a Canadian investment portfolio comprised of cash, cash equivalents, and marketable securities. Additional information about Altai is available on SEDAR+ at www.sedarplus.ca and on Altai’s website at www.altairesources.com.

    For further information, please contact:
    Kursat Kacira, Chairman & CEO/President
    T: (647) 282-8324, E: kursatkacira@altairesources.ca

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network

  • MIL-OSI Global: 7 queer African works of art: new directions in books, films and fashion

    Source: The Conversation – Africa – By Gibson Ncube, Senior Lecturer, Stellenbosch University

    Queer African creatives have been making their mark around the world through a range of forms – books, films, fashion, art, music. Their work wins awards, sets trends and is studied by scholars. Most research on African queerness, however, comes from outside the continent.

    So, we put together a special journal issue to celebrate some of these works that have appeared over the past decade or so. And also to create a space for African and Africa-based scholars to reflect on what’s happening on the continent.

    The contributors don’t only examine what these creative works reveal. They also consider how these artists are experimenting with style, voice, genre and imagery to express queer lived experiences.

    Here we highlight seven works of art discussed in papers in the special issue – from stories of childhood sexual experiences to bold fashion shows, musical films to maverick lesbian novels. They show the complex ways queer people shape their identities and express desire in very different African settings.

    1. Tell Me Your Politik by Nakhane

    Nakhane is a South African singer, writer, and actor whose work examines the meeting place of queerness and blackness. The song Tell Me Your Politik (from the 2023 album Bastard Jargon), presents Black men in a hypermasculine, military-style training environment. But two of them are quietly and tenderly beginning to express desire for each other. This moment of intimacy is interrupted by aggressive military drills led by a white commanding officer. The song’s lyrics insist on the need for ideological alignment (“tell me your politik”) before intimacy. This raises questions about love, politics, and consent.

    In his article, Gibson Ncube argues that the music video for the song uses touch to explore queerness as a form of resistance. Gentle and intimate gestures between Black men challenge dominant ideas of Black masculinity. The contrast between caring and violent touch reveals how queerness disrupts systems of domination. Touch becomes political, offering new ways of being and imagining queer futures.

    2. Under the Udala Trees by Chinelo Okparanta

    Under the Udala Trees is a 2015 novel by Nigerian writer Chinelo Okparanta. It follows Ijeoma, a Nigerian girl discovering her same-sex attraction during the time of the Biafran War.

    Chinelo Okparanta.
    FrimousseRoche/ Wikimedia Commons, CC BY-SA

    Forced into Bible lessons by her mother to “cure” her queerness, Ijeoma grapples with shame, rejection, and a coerced heterosexual marriage. The novel critiques religious and political oppression. It imagines resilience and queer love in a hostile environment.

    In his article, Wisani Mushwana shows that Under the Udala Trees exposes how Nigerian religious and political leaders weaponise biblical shame to enforce a heteronormative society, inflicting religious trauma in the process.

    Ijeoma’s bold questioning of the Bible challenges traditional Christian teachings and the use of scripture to shame or judge others. The novel highlights the lack of spaces where queer identity can be affirmed. At the same time, it uses the power of storytelling to reclaim agency and reimagine queer liberation.

    3. The Quiet Violence of Dreams by K. Sello Duiker

    The Quiet Violence of Dreams by the late South African novelist K. Sello Duiker was published in 2001. Tshepo is a queer Black man in post-apartheid South Africa. He navigates trauma, identity, and survival. After being raped and robbed, Tshepo finds temporary refuge in a Cape Town male brothel where he explores same-sex intimacy and community.

    Ntokozo Wandile Mbokazi and Lucy Valerie Graham think about the novel alongside the controversial South African film Inxeba/The Wound. They argue that the book and film challenge traditional ideas of Africanness. Tshepo’s story is a postcolonial coming-of-age tale which is shaped by disillusionment as the protagonist tries to fit into society.

    Racial and class tensions weaken the solidarity of queer people. This shows the limits of freedom in post-apartheid South Africa and how enforcing traditional masculinity often involves violence.

    4. Lagos Space Programme by Adeju Thompson

    Lagos Space Programme is a Nigerian fashion label created by designer Adeju Thompson. The brand combines west African fabrics and non-binary gender expression to challenge traditional ideas of masculinity. Through fashion, it connects Yoruba beliefs, queer politics, and bold design to celebrate the fluidity of gender.

    Khaya Mchunu and Isaiah Negedu show how the label uses clothing to question to imagine freer, more inclusive futures. Rather than looking for acceptance by fitting in, Lagos Space Programme insists on visibility and creative self-expression. It reclaims African traditions while disrupting fixed social norms.

    5. Nine Pieces of Desire by Idza Luhumyo

    The past decade has seen the publication of several important anthologies of queer African short stories.

    Two stories in particular are given attention in the special issue. Kenyan writer Idza Luhumyo’s 2017 story Nine Pieces of Desire is about 10-year-old Mariam, who lives in a Kenyan Muslim community. It explores her silent rebellion against patriarchal and religious norms after a fleeting same-sex encounter with her friend Grace.




    Read more:
    Being queer in Africa: the state of LGBTIQ+ rights across the continent


    6. Plums by Kharys Laue

    South African writer and editor Kharys Laue’s 2018 short story Plums recounts Chris’s childhood memory of a tender moment with her friend Gloria on a South African farm. This is contrasted with her adult struggles in a heteronormative and racist society.

    Leila Hall argues that these two stories disrupt the harmful binary of “innocent children/perverse homosexuals” by portraying childhood same-sex desire as natural and consensual, outside of adult coercion. They push back against the false idea that being queer means being dangerous. The young narrators help us see how systems of oppression work in everyday life.

    7. Kanarie by Christiaan Olwagen

    Kanarie is a 2018 South African film by Christiaan Olwagen. It follows Johan Niemand, a young gay man conscripted into the apartheid-era army in the 1980s. Under the racist system, white men were conscripted to help maintain the government’s power. Selected for a military choir, “the Canaries”, Johan deals with his sexual identity within a hypermasculine space. The film blends musical elements and melodrama to explore his inner conflict, his love for pop culture, and a tentative romance with another recruit. All in the face of conservative Christian nationalism.

    Andy Carolin argues Kanarie is more than a coming out story. It uses melodrama to imagine a queer way of being. By merging fantasy with realism, it shatters ideas of good versus evil or right versus wrong.

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

    ref. 7 queer African works of art: new directions in books, films and fashion – https://theconversation.com/7-queer-african-works-of-art-new-directions-in-books-films-and-fashion-256252

    MIL OSI – Global Reports

  • MIL-OSI USA: Advancing Science and Technology Research

    Source: US State of New York

    overnor Kathy Hochul celebrated the groundbreaking of Farmingdale State College’s new state-of-the-art Computer Sciences Center, a part of the Governor’s efforts to advance science and technology research and economic opportunities for New Yorkers. The project is made possible by a $30 million investment through Empire State Development’s Long Island Investment Fund and $45 million in Capital funding from SUNY.

    “In New York, we are shaping our students to be the next generation of leaders,” Governor Hochul said. “Our SUNYs and CUNYs provide an exceptional and well-rounded education for New Yorkers to explore science and technology research — the groundbreaking of the Computer Sciences Center at Farmingdale will uncover technological advancements and advance economic opportunities in our state; that’s how we build a better New York.”

    SUNY Chancellor John B. King said, “Our SUNY campuses play an integral role in preparing the next generation of skilled professionals for New York’s advancing STEM sector. We applaud Governor Hochul’s vision and commitment, and we are thankful for our partnership with Empire State Development, which has made the Computer Sciences Center at Farmingdale a reality.”

    The SUNY Board of Trustees said, “Congratulations to Farmingdale State College on the groundbreaking of their Computer Sciences Center. Today’s event marks a monumental milestone in SUNY’s work, alongside Governor Hochul and state leaders, to ensure students passionate about research and technological advancements have the resources they need to achieve their goals.”

    Empire State Development President, CEO and Commissioner Hope Knight said, “Today’s groundbreaking at Farmingdale State College represents a transformative step forward for Long Island’s technology sector. This project will catalyze economic growth across the region by connecting talented students directly with industry partners who need their skills. As businesses and academia collaborate in innovative ways, we’ll see accelerated technological advancement, a more robust talent pipeline, and a stronger, more competitive New York economy ready to lead in tomorrow’s technology landscape.”

    Empire State Development Board Chairman Kevin Law said, “Today we’re breaking ground on more than just a building—we’re establishing a cornerstone for Long Island’s technological advancement. This center represents a critical investment in our regional economy, creating both immediate construction jobs and long-term opportunities in high-growth sectors. The ripple effects will benefit communities across Long Island as graduates fill skilled positions, businesses find innovative solutions to their challenges, and our region strengthens its competitive position in the global marketplace.”

    The Computer Sciences Center will include new classrooms, computer labs, seminar spaces and a collaborative space for industry-related vendors. It will support Farmingdale’s rapidly growing computer and information science programs, which have experienced a 40 percent increase in enrollment over the last five years. The Computer Sciences Center will be the campus’ first Zero Net Carbon Ready building with an approximate total square footage of 52,000.

    President of Farmingdale State College Robert S. Prezant said, “We are beyond grateful to Governor Hochul, the Empire State Development Corporation, the Long Island Regional Economic Development Council, and the State University of New York for their support in the development of the Computer Sciences Center building on the Farmingdale State College campus. So much more than a building, the center will provide a hub of advanced technology education and programming, enabling interdisciplinary and collaborative innovation, research, and learning. It will also allow us to support increasing enrollment in our technology programs with a focus on workforce development.”

    State Senator Monica R. Martinez said, “Technological advancements continue to move the world and our region forward, and Farmingdale State College’s Center for Computer Science and Information Technology will prepare students for success in these dynamic fields. It is here where a hub for the development of Long Island’s next generation of digital pioneers will soon flourish, and it will be here where the highly skilled workforce essential to fueling this region’s high-tech economy will begin their academic journeys. We are excited for this groundbreaking and for the future, when those who come through this center help shape the breakthroughs that move our world forward.”

    Assemblymember Kwani O’Pharrow said, “This week, we broke ground on a new facility that is envisioned as a dynamic center for collaboration and innovation, bringing together diverse stakeholders like students, educators, and local businesses to foster the development of future technologies, creative ideas, and positive community impact. It emphasizes that this building is not just a physical structure but a symbol of a forward-thinking approach to education, entrepreneurship, and community engagement.”

    Suffolk County Minority Leader Jason Richberg said, “The groundbreaking at Farmingdale State College is more than the start of a new building — it’s the foundation for Long Island’s future. The Center for Computer Science and Information Technology represents a critical investment in education, workforce development, and regional innovation. By bringing together students, local businesses, and community organizations under one roof, we’re not just preparing the next generation of tech leaders — we’re creating pathways to opportunity for all. This is a smart win for taxpayers, leveraging $45 million in SUNY Construction Fund dollars and money from the State’s Long Island Investment Fund to build a cutting-edge facility that will return real value to our region. It exemplifies how public-private partnerships and forward-thinking use of government resources can shape a stronger, more equitable future for Long Island.”

    Town of Babylon Supervisor Rich Schaffer said, “This state-of-the-art facility will not only enhance educational opportunities but also serve as a catalyst for economic growth, ensuring that Long Island remains at the forefront of technological innovation. We are proud to support initiatives that invest in our community’s future and provide our residents with the tools they need to succeed in a rapidly evolving digital landscape.”

    About The State University of New York
    The State University of New York is the largest comprehensive system of higher education in the United States, and more than 95 percent of all New Yorkers live within 30 miles of any one of SUNY’s 64 colleges and universities. Across the system, SUNY has four academic health centers, five hospitals, four medical schools, two dental schools, a law school, the country’s oldest school of maritime, the state’s only college of optometry, and manages one US Department of Energy National Laboratory. In total, SUNY serves about 1.4 million students amongst its entire portfolio of credit- and non-credit-bearing courses and programs, continuing education, and community outreach programs. SUNY oversees nearly a quarter of academic research in New York. Research expenditures system-wide are nearly $1.16 billion in fiscal year 2024, including significant contributions from students and faculty. There are more than three million SUNY alumni worldwide, and one in three New Yorkers with a college degree is a SUNY alum. To learn more about how SUNY creates opportunities, visit www.suny.edu.

    MIL OSI USA News

  • MIL-OSI: La Société de projet BVH1, s.e.n.c. Announces a $960 Million Financing for Des Neiges – Secteur sud Wind Project

    Source: GlobeNewswire (MIL-OSI)

    LA CÔTE-DE-BEAUPRÉ, Quebec, May 15, 2025 (GLOBE NEWSWIRE) — La Société de projet BVH1, s.e.n.c., consisting of affiliates of each of Boralex Inc, Énergir Développement Inc and Hydro-Québec, is proud to announce having put in place a $960 million financing for the 400 MW Des Neiges – Secteur sud wind power project, currently under construction on the private lands of Seigneurie de Beaupré.

    This project has the potential to be a major boost to Côte-de-Beaupré’s economic development and to contribute to Québec’s economic and climate resilience. It represents an investment of around $1 billion, and is projected to employ a total of around 500 people during the construction phase, in addition to creating some fifteen jobs during the operation and maintenance phases. Additionally, more than $80 million is expected to be distributed among the host communities, exclusively for the Secteur sud project.

    “I would like to salute the outstanding collaboration with our partners Énergir and Hydro-Québec in the realization of this vital project for Québec,” said Hugues Girardin, Executive Vice President and General Manager, North America, Boralex. “We’ve been fortunate enough to successfully develop and operate wind farms on the Seigneurie de Beaupré for nearly 15 years. It’s the strength of this partnership that will enable us to bring the Des Neiges – Secteur sud project to fruition, thereby contributing to the province’s energy independence and sustainable economic growth.”

    “The financing of the Des Neiges – Secteur sud wind power project is a testament to Energir’s commitment to diversifying our energy portfolio,” said Jean-François Jaimes, Executive Director of Renewable Energy & LNG Development, Énergir. “This project, driven by a collaboration between Quebec players, illustrates our shared desire to develop renewable energy solutions to meet the needs of our communities. We are proud to be part of it, and grateful to our partners, whose trust has enabled us to move forward.”

    “Hydro-Québec is pleased to announce alongside its partners this important milestone in the development of the Seigneurie de Beaupré wind farms,” said Mathieu Johnson, Senior Vice President, Wind Power, R&D and Energy Trading. “We are moving forward with our ambition to reach an additional 10,000 MW of wind power capacity by 2035, helping to secure a clean and prosperous energy future for Québec.”

    Financial Highlights

    The Des Neiges – Secteur sud project financing includes:

    • A $733 million construction loan, which will convert to a term loan following the start of deliveries of electricity, scheduled for the fourth quarter of 2026;
    • A $170 million bridge loan, allowing the financing of the refund to be received for the switchyard. This short-term facility will reduce the amount of equity capital allocated to the project in the short term and thus optimizing the overall capital structure required for the project.
    • A $57 million guarantees facility.

    The Desjardins Group serves as Administrative Agent for this financing.

    Next Steps

    The general contractor, Borea Construction, has been mobilized on site for preliminary work since December 2024. Borea will then collaborate with Québec companies and suppliers for the bulk of the site work, which is scheduled to begin more formally in the coming months.

    Once operational, the project’s 57 wind turbines are expected to generate 1.2 TWh per year, equivalent to the energy consumed annually by around 70,000 homes or 325,000 electric vehicles on Québec roads. The Des Neiges – Secteur sud wind project is the first of three potential 400 MW wind power projects on Seigneurie de Beaupré private lands.

    Caution Regarding Forward-Looking Statements
    Some of the statements contained in this press release, including, without limitation, those regarding the economic impact of the project and monetary contributions proposed to host communities, the employment opportunities to be created by the project, the start date of site work and electricity deliveries, and the amount of power to be delivered by the project, are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward looking statements involve risks and uncertainties such that its results or the measure it adopts could differ materially from those indicated by or underlying these statements or could have an impact on the degree of realization of a particular forward-looking statement. Unless otherwise specified by Boralex, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialization of the results, performance or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events, or other changes.

    About La Société de projet BVH1, s.e.n.c.

    Société de projet BVH1, s.e.n.c. is a corporation created jointly by Boralex Inc. Énergir Développement Inc. and Hydro-Québec, through affiliated companies, for the development and operation of the Des Neiges – Secteur sud wind power project. The project will be located entirely on Seigneurie de Beaupré land, on the unorganized Lac-Jacques-Cartier territory in the La Côte-de-Beaupré RCM, and will have a total capacity of 400 MW.

    For more information

    The MIL Network

  • MIL-OSI Banking: Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business

    Source: Phillips

    HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE:PSX) announced today that its subsidiary, Phillips 66 Continental Holding GmbH, has entered into a definitive agreement to divest a 65 percent interest in its Germany and Austria retail marketing business, including JET-branded sites, to a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak. Phillips 66 will retain a non-operated 35 percent interest in the business through a newly formed joint venture.
    “This transaction advances our strategy to optimize our portfolio and enhances long-term shareholder value,” said Mark Lashier, chairman and CEO of Phillips 66. “The newly formed joint venture allows us to monetize this non-core asset while retaining the ability to benefit from its future growth.”
    The transaction values the Germany and Austria retail marketing business at an enterprise value of approximately €2.5 billion (approximately $2.8 billion), representing an implied Enterprise Value/EBITDA multiple of 9.1x based on expected 2025 EBITDA. Phillips 66 expects to receive pre-tax cash proceeds of approximately €1.5 billion (approximately $1.6 billion), after customary purchase price adjustments. The proceeds will be used to support the company’s strategic priorities, including debt reduction and shareholder returns.
    In connection with the transaction, Phillips 66 will enter into a multi-year agreement to continue to supply the business with products from the Mineraloelraffinerie Oberrhein GmbH & Co. KG (MiRO) Refinery.
    The Germany and Austria retail business includes 970 sites, of which 843 are JET-branded sites. The transaction is expected to close in the second half of 2025, subject to regulatory approvals and other customary conditions.
    About Phillips 66
    Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.
    Cautionary Statement for the Purposes of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995 — This news release contains forward-looking statements within the meaning of the federal securities laws. Words such as “anticipated,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies,” “priorities” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: the possibility that Phillips 66 may not fully realize the expected benefits of the announced transaction; the risk of any unexpected costs or expenses resulting from the announced transaction; changes in governmental policies relating to NGL, crude oil, natural gas, refined petroleum or renewable fuels products pricing, regulation or taxation, including exports; the company’s ability to timely obtain or maintain permits, including those necessary for capital projects; fluctuations in NGL, crude oil, refined petroleum products, renewable fuels, renewable feedstocks and natural gas prices, and refined product, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for the company’s products; changes to government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for biofuels; liability resulting from pending or future litigation or other legal proceedings; liability for remedial actions, including removal and reclamation obligations under environmental regulations; unexpected changes in costs or technical requirements for constructing, modifying or operating the company’s facilities or transporting its products; the company’s ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that it may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected technological or commercial difficulties in manufacturing, refining or transporting the company’s products, including chemical products; the level and success of producers’ drilling plans and the amount and quality of production volumes around the company’s midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; changes in the cost or availability of adequate and reliable transportation for the company’s NGL, crude oil, natural gas and refined petroleum or renewable fuels products; failure to complete definitive agreements and feasibility studies for, and to complete construction of, announced and future capital projects on time or within budget; the company’s ability to comply with governmental regulations or make capital expenditures to maintain compliance; limited access to capital or significantly higher cost of capital related to the company’s credit profile or illiquidity or uncertainty in the domestic or international financial markets; damage to the company’s facilities due to accidents, weather and climate events, civil unrest, insurrections, political events, terrorism or cyberattacks; domestic and international economic and political developments including armed hostilities, such as the war in Eastern Europe, instability in the financial services and banking sector, excess inflation, expropriation of assets, and changes in fiscal policy, including interest rates; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and properties, plants and equipment and/or strategic decisions or other developments with respect to the company’s asset portfolio that cause impairment charges; substantial investments required, or reduced demand for products, as a result of existing or future environmental rules and regulations, including greenhouse gas emissions reductions and reduced consumer demand for refined petroleum products; changes in tax, environmental and other laws and regulations (including alternative energy mandates) applicable to our business; political and societal concerns about climate change that could result in changes to the company’s business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of joint ventures that the company does not control; the potential impact of activist shareholder actions or tactics, and other economic, business, competitive and/or regulatory factors affecting the company’s businesses generally as set forth in Phillips 66’s filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
    Use of Non-GAAP Financial Information — This news release includes the term “EBITDA,” which, as used in this release, is a forward-looking non-GAAP financial measure. EBITDA is defined as estimated net income plus estimated net interest expense, income taxes, depreciation and amortization. Net income is the most directly comparable GAAP financial measure. EBITDA estimates depend on future levels of revenues and expenses, which are not reasonably estimable at this time. Accordingly, we cannot provide a reconciliation between projected 2025 EBITDA to net income without unreasonable effort.

    Source: Phillips 66

    MIL OSI Global Banks

  • MIL-OSI: Redwood Services Announces 19th Partnership With New Jersey-Based Guaranteed Service

    Source: GlobeNewswire (MIL-OSI)

    MEMPHIS, Tenn., May 15, 2025 (GLOBE NEWSWIRE) — Redwood Services (“Redwood”), an established home services firm focused on investing in leading HVAC, plumbing, and electrical services companies in growing U.S. markets, announced that it has partnered with Guaranteed Service (“Guaranteed”). This partnership marks Redwood’s nineteenth platform investment, highlighting the company’s ongoing growth and commitment to expansion.

    Founded in May 2018 by Helmi Ben Flah, Guaranteed has quickly grown into one of New Jersey’s premier home service companies, specializing in plumbing, heating, cooling, and electrical work. Known for its outstanding customer care, the company has earned thousands of 5-star reviews and serves a customer base of tens of thousands of loyal homeowners. With a team of over 80 dedicated professionals, Guaranteed delivers exceptional service across New Jersey, driven by a culture of excellence, professionalism, and unwavering customer focus.

    “Guaranteed Service lives up to its name by delivering on its promise in every interaction — whether with customers or team members,” said Richard Lewis, CEO of Redwood Services. “Their commitment to excellence across New Jersey has earned them a deeply loyal customer base, and we’re eager to begin supporting their continued growth and success.”

    The Guaranteed Service team will continue to operate and manage the business under its banner and name, while Redwood will provide operational, strategic, and financial support to enhance the company’s growth. Helmi Ben Flah will retain a significant minority ownership stake as part of the investment.

    “At Guaranteed Service, we’re extremely committed to building a culture that prioritizes personal growth, celebrates team wins, and promotes mutual respect and accountability across the board,” said Ben Flah. “That strong internal foundation shines through in every customer interaction, driving the kind of experiences that lead to thousands of five-star reviews and lasting relationships. Partnering with Redwood will only strengthen our ability to grow, thrive as a business, and continue exceeding customer expectations.”

    About Redwood Services
    Founded in 2020 and headquartered in Memphis, Redwood Services is a nationwide people-focused platform dedicated to empowering elite contractors in the essential home services industry. Redwood provides world-class resources, coaching, and strategic partnerships to 19 leading companies across the United States, enabling its Partners to deliver exceptional HVAC, plumbing, and electrical services to residential customers. Redwood’s mission is to unleash the full potential of its Partners, supporting them in providing high-quality service and building lasting relationships with customers. For more information, visit www.redwoodservices.com.

    From left to right: Raj Midha, David Katz, Lisa White, Richard Lewis, Helmi Ben Flah, John Conway, Sandra Koblas, Lauren Pelkey

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc970928-9df8-4127-99f9-92753ec8539a

    The MIL Network

  • MIL-OSI Russia: China International Fair for Trade in Services to be held in Beijing in September

    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, May 15 (Xinhua) — The 2025 China International Fair for Trade in Services will open in Beijing on Sept. 10, Zhao Qizhou, an official with the Beijing Bureau of Commerce, announced at a press conference on Thursday.

    Starting this year, the fair will be held annually on the second Wednesday of September, he added.

    The upcoming fair will be held in the 3 square kilometer Shougang Park, the venue for the 2022 Winter Olympics.

    The fair’s honorary guest country will be Australia. The event will last only five days – the first three days are for professional visitors, and the last two – for the general public.

    The fair is organized by the United Nations Conference on Trade and Development, the Ministry of Commerce of the People’s Republic of China and the People’s Government of Beijing. The event covers sectors such as finance, culture, tourism, education, sports, supply chain and medical services.

    The China International Fair for Trade in Services, which was first held in 2012, brings together enterprises from all over the world.

    Last year, it was attended by representatives of more than 450 Fortune 500 companies, other leading global companies, representatives of 85 countries and international organizations. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: China urges US to suspend Section 232 tariffs

    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, May 15 (Xinhua) — China has called on the United States to suspend its tariff measures imposed as a result of the Article 232 investigation as soon as possible, He Yongqian, a spokesperson for the Ministry of Commerce, said Thursday.

    Speaking at a press conference, He Yongqian noted that the US’s Section 232 tariff measures on imported automobiles, steel and aluminum, as well as its Section 232 investigation into imported pharmaceuticals, are typical manifestations of unilateralism and protectionism.

    Such actions not only harm the rights and interests of other countries and undermine the rules-based multilateral trading system, but also do not benefit the US’s own industry, the spokeswoman for the Chinese Ministry of Commerce said.

    China calls on the US to end the Article 232 tariff measures as soon as possible and properly address the concerns of all parties concerned through equal dialogue, He Yongqian concluded. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Taobao in Russian launched in Kazakhstan

    Translation. Region: Russian Federal

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

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

    BEIJING, May 15 (Xinhua) — Major Chinese online trading platform Taobao, which topped the ranking of the most downloaded mobile apps in 16 foreign countries, has taken another step in expanding its business overseas. As it became known to the Xinhua news agency correspondent on Thursday, the Taobao platform has already started operating in Kazakhstan, allowing consumers to receive information about goods and their prices in Russian, as well as pay for purchases in the national currency without resorting to online translators.

    In recent years, the fast-growing Central Asian e-commerce market has attracted increasing interest from global e-commerce merchants. For many Chinese companies looking to enter the Central Asian market, Kazakhstan is the first port of call.

    This is the first time that Taobao has launched a multilingual app in a non-English speaking country. Using a more iconic language improves the consumer experience and increases the desire to make a purchase, as confirmed by the first week of Taobao’s Russian language operation in Kazakhstan. According to Taobao’s Kazakhstan division, over 70 percent of its new users who made their first order were native Russian speakers.

    “For a long time, the bulk of our overseas customers were members of the Chinese diaspora and students from China. But since last year, we have noticed that Taobao has become popular with a large number of local consumers as well,” the division said, emphasizing that improving the consumer experience for this category of customers will be one of the key areas of work this year.

    In addition to the Russian-language app, the company also introduced free delivery for orders over 99 yuan and returns to the place of residence for the first time in Kazakhstan. Thus, a resident of Almaty who bought a Chinese-made down jacket on Taobao can expect the order to be delivered within 10 days and, if something is not right, can return it to a nearby pick-up point. -0-

    MIL OSI Russia News

  • MIL-OSI: Vocodia Secures Up to $3 Million to Advance Digital Asset Strategy

    Source: GlobeNewswire (MIL-OSI)

    BOCA RATON, Fla., May 15, 2025 (GLOBE NEWSWIRE) — Vocodia Holdings Corp. (OTC: VHAI), a provider of AI-powered customer engagement solutions, today announced it has secured up to $3 million in funding to support the company’s entry into the digital asset space.

    The capital will be used to acquire select digital assets, aligning with Vocodia’s long-term technology and investment strategy. The company’s proprietary Predictive AI tools, developed in collaboration with strategic partners, will guide asset selection and risk management to build a diversified portfolio.

    “This funding enhances our ability to strategically enter the digital asset space in a way that aligns with our core competencies in AI and data analysis,” said Brian Podolak, CEO of Vocodia. “We’re not just speculating—we’re applying real technology to make informed decisions and drive long-term value.”

    About Vocodia Holdings Corp.
    Vocodia is an AI software company that develops practical AI solutions, making them easily accessible for businesses through cloud-based platforms. These solutions are cost-effective and scalable to enterprise levels. Vocodia specializes in conversational AI, providing scalable enterprise-level AI sales and customer service solutions. Their Digital Intelligent Sales Agents (DISAs) are designed to sound and feel human, performing tasks that require human-like conversation, thereby reducing labor costs and enhancing communication effectiveness. For more information, please visit: http://www.vocodia.com

    Forward-Looking Statements
    This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, 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 include, among others, the risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s Registration Statement on Form S-1 related to the public offering (SEC File No. File No. 333-269489) and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, our actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date and undertake no duty to update such information except as required under applicable law.

    Investor Relations Contact: 
    ir@vocodia.com

    The MIL Network

  • MIL-OSI Economics: China to drive global ethylene capacity additions through 2030, says GlobalData

    Source: GlobalData

    China to drive global ethylene capacity additions through 2030, says GlobalData

    Posted in Oil & Gas

    China is set to drive the global ethylene capacity additions, occupying a share of more than 36% by 2030, as both demand and supply of ethylene are expected to grow in the country, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report “Ethylene Market Analysis and Forecast by Products, Capacity Additions, Top Countries and Active and Upcoming Projects to 2030,” reveals that the total ethylene capacity of under-construction and pre-construction projects in China is expected to be around 33.30 million tonnes per annum (mtpa) by 2030.

    Nivedita Roy, Oil and Gas Analyst at GlobalData, comments: “The high-capacity addition of ethylene in China can be attributed to several factors, including the significant investments in petrochemical infrastructure and robust economic growth. The country’s expanding middle class and industrial development are major demand drivers of ethylene-based products that range from consumer goods to construction materials.”

    To meet the growing demand for ethylene, China is planning to expand its production capacity. As a result, the ethylene supply in the country is projected to rise from 36.66 mtpa in 2024 to 51.80 mtpa in 2030.

    In China, the major ethylene capacity addition is expected from the “Shandong Yulong Petrochemical Longkou Ethylene Plant 3”, boasting a capacity of 5.20 mtpa. Located in Longkou city, the plant is expected to become operational by 2030. Shandong Yulong Petrochemical Ltd is the operator of this project with 100% equity stake.

    The “SABIC Fujian Petrochemical Zhangzhou Ethylene Plant” and “Huajin Aramco Petrochemical Panjin Ethylene Plant” represent other significant capacity additions in the country with 1.80 mtpa, and 1.65 mtpa, respectively. Both projects are anticipated to commence operations in 2026.

    MIL OSI Economics

  • MIL-OSI: Tenable Powers AI-Driven Exposure Management with Third-Party Data Connectors and Unified Dashboards

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., May 15, 2025 (GLOBE NEWSWIRE) — Tenable®, the exposure management company, today announced powerful new enhancements to its flagship platform, Tenable One, with the introduction of Tenable One Connectors and customizable risk dashboards. These advancements — powered by Tenable ExposureAI™ and built on the Tenable Data Fabric — make Tenable One the most advanced exposure management solution available today. With third-party data connectors, organizations unlock a contextualized view of all their security risk data in one place, regardless of the security products they use.

    In today’s fragmented security landscape, large organizations juggle an average of 83 disconnected tools1, leading to siloed operations and critical blind spots. The result is scattered data and operational inefficiencies across the attack surface. Tenable One addresses this complexity by consolidating exposure insights from both native and third-party tools into a unified, contextual view, transforming fragmented data into business-aligned intelligence.

    Tenable One now features a vast and rapidly expanding ecosystem of out-of-the-box Connectors, enabling seamless integration with widely used third-party tools for endpoint detection and response (EDR), cloud security, vulnerability management, operational technology security, ticketing systems and more. With new Connectors launching throughout Q2 2025 and beyond, Tenable unifies security data across the enterprise, delivering a comprehensive and actionable view of organizational risk.

    At the core of the platform is the Tenable Exposure Data Fabric, a scalable, cloud-native architecture that ingests, normalizes, and connects data across the security ecosystem. This foundation feeds Tenable ExposureAI, the platform’s machine learning engine that surfaces toxic risk combinations and hidden attack paths, and prioritizes actions based on potential business impact.

    New unified risk dashboards further elevate the platform’s impact. Designed to eliminate time-consuming manual reporting, these dashboards offer fully customizable views that align to specific business roles and priorities. With flexible report configurations and powerful visualization options, security teams can deliver insights and communicate risks faster and with greater business impact.

    “The cybersecurity market is saturated with point solutions that operate in isolation, slowing security efforts and leaving organizations vulnerable,” said Steve Vintz, co-chief executive officer and chief financial officer, Tenable. “The power of Tenable One enables organizations to view risks across security tools in context and focus remediation efforts on the exposures that matter most.”

    These innovations mark a major milestone following Tenable’s acquisition of Vulcan Cyber and reinforce Tenable’s commitment to lead the exposure management market with unmatched breadth, intelligence and operational scale.

    Additional Information:

    1 IBM report, “Capturing the cybersecurity dividend”, January 2025

    About Tenable
    Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com.

    Media Contact:
    Tenable
    tenablepr@tenable.com

    Forward-Looking Statements
    This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact are forward-looking statements and represent our views as of the date of this press release. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2024 as well as other filings that we make from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

    The MIL Network

  • MIL-OSI Economics: Gene therapies drive growth of genomics market, says GlobalData

    Source: GlobalData

    The integration of genomics into the pharmaceutical industry has allowed researchers to better understand the genetic factors underlying diseases, leading to the development of more targeted and effective therapies. Many of these therapies are designed to treat rare diseases that affect small patient populations. Generating $2.6 billion in sales in 2024, gene therapies are the key drivers of the growth of the genomics market, says GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Transformational Power of Genomics in Pharma,” reveals that the market for genomic therapies is demonstrating significant growth, with sales projected to increase from $20.1 billion in 2024 to $89.8 billion in 2030, at a compound annual growth rate (CAGR) of 28.3%. There are various types of genomic therapies, such as gene therapies, oncolytic viruses, oligonucleotides, messenger RNA (mRNA) vaccines, and recombinant vector vaccines.

    GlobalData estimates gene therapies to grow to $30.9 billion by 2030, representing the highest CAGR of 50.8% during 2024-30 in comparison to other key molecule types. This substantial growth in sales is forecast to be driven by Sarepta Therapeutics’ Elevidys (delandistrogene moxeparvovec) for the treatment of Duchenne muscular dystrophy (DMD), with sales forecast to reach $2.75 billion in 2030. Other key drivers include Novartis’ Zolgensma (onasemnogene abeparvovec) for the treatment of spinal muscular atrophy (SMA), with a sales forecast of $2.1 billion in 2030.

    Gaffar Aga, Strategic Intelligence Analyst at GlobalData, comments: “This growth is driven by factors such as the implementation of artificial intelligence (AI) and machine learning (ML) to efficiently analyze expanding genomic datasets, allowing researchers to accelerate processes such as drug discovery and development within the genomics landscape.”

    Furthermore, the oligonucleotide market is exhibiting growth in all sectors. The antisense RNAi oligonucleotide market is forecast to grow from $2.5 billion in 2024 to $18.7 billion in 2030, at a CAGR of 39.9%. The antisense oligonucleotide market is also exhibiting growth, with the market forecast to grow from $3.1 billion in 2024 to $14.3 billion in 2030 at a CAGR of 28.8%.

    Additionally, the mRNA vaccine market is forecast to exhibit steady growth, with sales increasing from $11 billion in 2024 to $17.9 billion in 2030 at a CAGR of 8.4%.

    Finally, the recombinant vector vaccine market is expected to generate the lowest number of sales, reaching $1.34 billion by 2030 at a CAGR of 31.4%.

    George El-Helou, Strategic Intelligence Analyst at GlobalData, concludes: “The field of genomics has the potential to revolutionize a wide range of diseases, offering alternative pathways of therapeutic options with high unmet medical needs. However, several market barriers remain, including the high costs associated with drug discovery, manufacturing, and logistical procedures within the industry.”

    MIL OSI Economics

  • MIL-OSI: Aptean Apparel Shop Floor Control Wins Best New Concept at the 2025 Texprocess Innovation Awards

    Source: GlobeNewswire (MIL-OSI)

    ALPHARETTA, Ga., May 15, 2025 (GLOBE NEWSWIRE) — Aptean’s Apparel Shop Floor Control has been awarded Best New Concept at the 2025 Texprocess Innovation Awards. This real-time production management solution provides apparel manufacturers with instant access to critical data and insights, enhancing efficiency, visibility and increasing workforce productivity. The recognition reinforces Aptean’s commitment to delivering enterprise solutions that drive smarter decision making for manufacturers.

    To further support apparel manufacturers in navigating today’s challenges, Aptean has introduced AI-powered tools that streamline troubleshooting, making the process faster and more intuitive for customers.

    The Texprocess award spotlights Aptean Shop Floor Control, alongside Aptean’s ERP and PLM solutions, and its revolutionary, new AI-driven platform, AppCentral. Custom-built to streamline operations and integrate Aptean tools seamlessly, AppCentral is designed to support the apparel industry stay ahead in an increasingly dynamic market.

    “Aptean is honored to receive the Best New Concept award,” said TVN Reddy, CEO of Aptean. “Aptean Shop Floor Control empowers manufacturers to take control of their operations with the right solutions to optimize performance, reduce costs and improve efficiency – all in real time. As an AI-first company, we believe AI generates the most value when integrated across a comprehensive suite of solutions tailored to the industry’s needs. Aptean’s offerings span ERP, Product Lifecycle Management, (PLM), Electronic Data Interchange (EDI) and Shop Floor Control, ensuring an end-to-end approach that goes beyond what traditional ERPs provide. Now with AppCentral at the core of our AI strategy, we are committed to delivering exponentially greater value for our apparel customers.”

    Texprocess Americas 2025 is the premier event of the year for the apparel industry and showcases the entire global textile value chain, from high-tech textiles and smart art fabrics, to processing technologies like design, cutting, sewing and logistics. The 2025 Texprocess Innovations Awards honor exceptional performance in the fields of new materials products and technologies as well as applications and concepts. The awards have been designed to make innovative developments visible, promote unconventional thinking and intensify dialogue between researchers, manufacturers and users. A key criterion is that an innovation must have been discovered or invented, developed, introduced and institutionalized.

    Taking the Next Step with Aptean
    Companies seeking to accelerate their operations with tailored AI-driven intelligence can connect with an Aptean specialist for a discussion on how this purpose-built ERP solution can transform their apparel business. Personalized demos are available and Aptean provides regular webinars to view the technology in action.

    Act now and move into the future of Apparel with tailored intelligence.

    About Aptean: Aptean is one of the world’s leading providers of purpose-built, industry-specific software that helps manufacturers and distributors effectively run and grow their businesses. With both cloud and on-premises deployment options, Aptean’s products, services and unmatched expertise help businesses of all sizes to be Ready for What’s Next, Now®. Aptean is headquartered in Alpharetta, Georgia, USA, and has offices in North America, Europe, and Asia-Pacific.
    To learn more about Aptean and the markets we serve, visit www.aptean.com.
    Aptean and Ready for What’s Next, Now are Registered Trademarks of Aptean, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

    For Media Inquiries Please Contact
    MediaRelations@Aptean.com

    The MIL Network

  • MIL-OSI Economics: Record-breaking FDA biosimilar approvals to create opportunities for drug developers and manufacturers, says GlobalData

    Source: GlobalData

    Record-breaking FDA biosimilar approvals to create opportunities for drug developers and manufacturers, says GlobalData

    Posted in Pharma

    FDA biosimilar approvals reached a record 19 in 2024, with projections indicating that 2025 could surpass this milestone trend. This presents a golden opportunity for Contract Manufacturing Organizations (CMOs) specializing in biologics, as more blockbuster drugs approach patent expiration and regulatory barriers to entry diminish, says GlobalData, a leading data and analytics company.

    Kathryn Kinch, Pharma Product Manager at GlobalData, comments: “Increased approvals of biosimilars are likely to lower biologic prices, enhancing consumer demand and competition among drug companies, which will benefit CMOs through higher biosimilar volumes.”

    GlobalData’s Bio/Pharmaceutical Outsourcing Report notes that momentum for biosimilars is set to accelerate. Patents for 14 biologics expired in 2024, including major products like UCB SA’s Cimzia and Johnson & Johnson’s Simponi. Even more biologics – 18 – will lose patent protection in 2025, paving the way for a new wave of biosimilar entrants, including Amgen’s Prolia and Roche’s Perjeta.

    In addition to the increase in biosimilar approvals, the report showcases growing importance of strong relationships in clinical supply chains, major pharmaceutical companies’ intentions to establish manufacturing facilities in the US, highlighted by Novartis‘ announcement of a $23 billion investment, and the initial 100 days of US President Trump’s administration and the potential effects on pharmaceutical investments and tariff concerns in the US.

    In the report, GlobalData Pharma Analyst Katarina Zahedi also shares highlights from the Clinical Trial Supply (CTS) New England conference, such as “the importance of understanding the scope of the trial, geographic location, the demand for and the type of drug, and timeframe for trial start-up – as these are all factors that will influence cost. For example, a biologic is more costly to develop than drugs of other molecule types, as it requires longer development timelines and specialized requirements for trials and manufacturing due to their complexity.”

    The Bio/Pharmaceutical Outsourcing Report is a monthly analysis of news and trends affecting pharmaceutical contract manufacturing organizations. The report lists the latest contract manufacturing agreements, opportunities and threats for CDMOs, M&A and financing of CDMOs, and emerging regulatory news.

    MIL OSI Economics