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Category: Business

  • MIL-OSI: MiddleGround Capital Completes Add-On for Xtrac with Acquisition of Zoerkler

    Source: GlobeNewswire (MIL-OSI)

    LEXINGTON, Ky., May 08, 2025 (GLOBE NEWSWIRE) — MiddleGround Capital (“MiddleGround”), an operationally focused private equity firm that makes control investments in North American and European headquartered middle-market B2B industrial and specialty distribution companies, today announced that it has acquired Zoerkler GmbH & Co KG (“Zoerkler” or “the Company”), an Austria-based manufacturer and supplier of high-performance transmission components for the aerospace & defense, automotive, rail, and industrial industries. Zoerkler will be integrated into MiddleGround’s portfolio company, Xtrac, a leading designer, manufacturer, and supplier of high-performance transmissions and mechatronics for top-level professional motorsport and specialist high-performance automotive applications.

    Headquartered in Jois, Austria, Zoerkler is a leading manufacturer of gearing solutions and transmission systems specializing in high-performance applications serving industrial and mobility end-markets, including motorsport, automotive, aerospace & defense, agriculture, and rail. Zoerkler’s capabilities span the entire value chain, with an emphasis on R&D and prototyping activities that allow small-series production with high-batch-size spare parts to serve customers in short lead times that are best-in-class for the industry.

    “We’re very excited to welcome the Zoerkler team to the Xtrac platform. Zoerkler is well-established and highly regarded in the industry and offers a unique opportunity to bring a complementary transmission and drivetrain component specialist to our portfolio,” said John Stewart, Founding and Managing Partner of MiddleGround. “This acquisition underscores our commitment to partnering with leading technology and engineering companies aligned with our Mobility Thesis. Further, Zoerkler brings attractive end-market diversification to our Xtrac platform, allowing us to unlock new segments and customer demand, expand our high-performance engineering expertise into aerospace & defense, and other segments, and augment Xtrac’s long-term growth potential.”

    As a trusted partner of several blue-chip customers for high-quality components, including Leonardo, Safran, Mercedes AMG, Porsche, Honda and Comer Industries, Zoerkler has established a meaningful network which will enhance Xtrac’s product line and expand its offerings into highly attractive markets, whilst ensuring focus on serving long standing core motorsport and high performance automotive customers. The company’s production capabilities complement Xtrac’s, and its world-class manufacturing quality will unlock existing demand from both current and new motorsport and high-performance automotive customers. Further, Zoerkler’s additional machining capacity will facilitate higher production volumes and new programs across the Xtrac platform.

    “For over 100 years, Zoerkler has been recognized for superior quality and innovation in developing and producing premium drive systems,” said Bernhard Wagner, CEO at Zoerkler. “Joining forces with a cutting edge, market-leading brand like Xtrac will create new engineering and manufacturing synergies for both businesses. Additionally, MiddleGround’s operational expertise, combined with their support of our core values of quality, precision, reliability, and safety, makes them an ideal partner as we enter this next phase of growth.”

    “Adding Zoerkler to the Xtrac platform is highly exciting. As well as providing additional capacity and an established presence within Europe, the addition of Zoerkler will bring new products, precision manufacturing capacity, and an established aerospace presence, allowing us to better serve the complex needs of our customers,” said Adrian Moore, CEO at Xtrac. “Zoerkler’s unwavering commitment to innovation, quality, and customer satisfaction perfectly aligns with our mission, which prioritizes R&D, technological advancements, and the continuous development of our team, with exceptional customer service.”

    With the acquisition of Zoerkler, MiddleGround is further building on its extensive experience in electric drive systems manufacturing and the powersports aftermarket segments. Having already invested in Helix, a leading designer and manufacturer of the world’s most power-dense electric motors and inverters, and New Eagle, a leading provider of proprietary hardware and software technology solutions that are mission-critical for the development of mechanical control systems for a variety of applications, including autonomous and electric vehicles, MiddleGround continues to expand its portfolio of companies within the mobility sector.

    About Zoerkler GmbH & Co KG
    Headquartered in Jois, Burgenland, AT, Zoerkler is a leading manufacturing company specializing in high-performance drive systems for the aerospace, automotive, and industrial sectors. Founded more than 120 years ago, the firm is family-owned and owner-managed. They are guided by the principle “the spirit of precision”, and pay attention to quality, precision, reliability and safety in products as well as actions. Zoerkler is a reliable partner for companies worldwide in the development and production of high-quality drive systems. With expertise spanning the entire development process—from design and prototyping to series production—Zoerkler delivers customized solutions that meet the highest industry standards. For more information, please visit http://www.zoerkler.at.

    About Xtrac
    Based in Berkshire in the UK and Indiana and North Carolina in the US, Xtrac is a prominent ambassador for the UK’s world-renowned motorsport industry.

    Established in 1984, the company employs around 500 highly qualified employees, including those trained through Xtrac’s award-winning apprentice and undergraduate schemes to work on global customer programmes, supplying world-class transmission and driveline products, including gearboxes, differentials, and gearchange systems. It exports around 70 per cent of its manufacturing output to Asia, Australia, Europe, South America, and the US.

    Xtrac works mainly with the high-performance automotive sector alongside its traditional heartland of the motorsport industry. Customers of its high-performance automotive and motorsport business sectors rely on its specialist expertise, augmented by the company’s substantial investment in research and innovation supported by advanced design, engineering and manufacturing resources.

    For further information, please visit www.xtrac.com.

    About MiddleGround Capital
    MiddleGround Capital is a private equity firm based in Lexington, Kentucky with over $3.85 billion of assets under management. MiddleGround makes control equity investments in middle market B2B industrial and specialty distribution businesses. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies. For more information, please visit: https://middleground.com/.

    MiddleGround Capital Media Contacts
    Doug Allen/Maya Hanowitz
    Dukas Linden Public Relations
    MiddleGround@dlpr.com
    +1 (646) 722-6530

    The MIL Network –

  • MIL-OSI United Kingdom: Landmark Economic Deal with US saves thousands of jobs

    Source: United Kingdom – Executive Government & Departments

    Press release

    Landmark Economic Deal with US saves thousands of jobs

    Today the UK and US has agreed a landmark economic deal which will save thousands of jobs for British carmakers and steel industry

    • Britain secures the first US trade deal protecting British business and British jobs, the second landmark deal in Britain’s national interest in a matter of days following the India deal
    • Prime Minister delivers on his promise to save UK steel and British car makers – saving thousands of jobs across the country
    • US tariffs on automotives immediately slashed from 27.5%, with steel and aluminium reduced to zero
    • Unprecedented market access for British farmers with protections on food standards maintained 

    Thousands of jobs have been saved as the Prime Minister secured a first-of-a-kind trade agreement with the US.

    It is the second major trade announcement this week – following the India Free Trade Agreement on Tuesday, this historic agreement with the US to slash tariffs delivers for UK carmakers, steelworks and farmers – protecting jobs and providing stability for exporters. 

    Car export tariffs will reduce from 27.5% to 10% – saving hundreds of millions a year for Jaguar Land Rover alone. This will apply to a quota of 100,000 UK cars, almost the total the UK exported last year. 

    The Prime Minister visited Jaguar Land Rover last month announcing greater freedom for car manufacturers to back British industry in the face of global headwinds. During this visit he told workers he would accelerate trade deals to protect their jobs, their livelihoods, and to champion British business worldwide. 

    The UK steel industry – which was on the brink of collapse just weeks ago – will no longer face tariffs thanks to today’s deal. The Prime Minister negotiated the 25% tariff down to zero, meaning UK steelmakers can carry on exporting to the US. This follows last month’s intervention from the Prime Minister to take control of British Steel to save thousands of jobs in Scunthorpe.

    In a win for both nations, we have agreed new reciprocal market access on beef – with UK farmers given a tariff free quota for 13,000 metric tonnes. There will be no weakening of UK food standards on imports. 

    We will also remove the tariff on ethanol – which is used to produce beer – coming into the UK from the US, down to zero. 

    It is one of many international deals that the Government is landing to boost our economy – following an Indian trade deal which will add £4.8 billion to the UK economy and £2.2 billion in wages every year.

    Prime Minister, Keir Starmer, said:

    “The new global era demands a government that steps up, not stands aside. 

    “This historic deal delivers for British business and British workers protecting thousands of British jobs in key sectors including car manufacturing and steel. 

    “My government has put Britain at the front of the queue because we want to work constructively with allies for mutual benefit rather than turning our back on the world.

    “As VE Day reminds us, the UK has no greater ally than the United States, so I am delighted that eight decades on, under President Trump the special relationship remains a force for economic and national security. 

    “This is jobs saved, jobs won but not job done and our teams will continue to work to build on this agreement. 

    “My Government is determined to go further and faster to strengthen the UK’s economy, putting more money in working people’s pockets as part of our Plan for Change.”

    Business and Trade Secretary Jonathan Reynolds said:

    “I am delighted our calm approach and proactive engagement with the US has resulted in this deal which cuts tariffs for UK industry and cuts costs for businesses.

    “Businesses across the country will be glad to see our approach working, but this is only the beginning. We look forward to strengthening our trading relationship with the US through a wider economic deal, which will help us to deliver on our Plan for Change to provide economic stability and make this country fit for the future.”

    Adrian Mardell, Chief Executive Officer, JLR said:  

    “The car industry is vital to the UK’s economic prosperity, sustaining 250,000 jobs. We warmly welcome this deal which secures greater certainty for our sector and the communities it supports. We would like to thank the UK and US Governments for agreeing this deal at pace and look forward to continued engagement over the coming months.”

    Work will continue on the remaining sectors – such as pharmaceuticals and remaining reciprocal tariffs. But – in an important move – the US has agreed that the UK will get preferential treatment in any further tariffs imposed as part of Section 232 investigations. The deal opens the way to a future UK US technology partnership through which our science-rich nations will collaborate in key areas of advanced technology, for example biotech, life sciences, quantum computing, nuclear fusion, aerospace and space. 

    The Digital Services Tax remains unchanged as part of today’s deal. Instead the two nations have agreed to work on a digital trade deal that will strip back paperwork for British firms trying to export to the US – opening the UK up to a huge market that will put rocket boosters on the UK economy.

    Updates to this page

    Published 8 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Congresswoman Lauren Boebert Introduces the American Energy Act

    Source: United States House of Representatives – Representative Lauren Boebert (Colorado, 3)

    WASHINGTON, DC– Congresswoman Lauren Boebert (CO-04) this week introduced the American Energy Act, a bill to streamline the permitting process for oil & gas producers and allow American energy companies to focus on creating jobs and lowering costs instead of bureaucratic red tape. Rep. Boebert introduced similar legislation in 2023, which passed through the House as part of H.R. 1 in the 118th Congress.

    “Our American oil & gas producers need to get back to what they do best: creating jobs, lowering energy costs for American families and small businesses, and producing the cleanest natural gas in the world,”said Congresswoman Boebert.“The days of bureaucracy and red tape under the Biden Administration are done; my American Energy Act streamlines the permitting process and allows energy companies to move forward instead of being held up by endless layers of government and malicious litigation from progressive advocacy groups.”

    The full text of Congresswoman Boebert’s American Energy Act can be found HERE.

    BACKGROUND:

    The American Energy Act ensures that the Department of Interior continues to process Applications for Permits to Drill (APDs) under a valid existing lease regardless of any unrelated civil action and extends the term of an APD from 2 years to 4 years.

    A backlog of thousands of APD’s were still waiting approval under the Biden Administration’s Department of Interior, freezing the ability of oil & gas producers to create well-paying jobs and engage in responsible energy exploration.

    In addition to bureaucratic red tape, lawsuits filed by radical progressive lawfare groups held up the approval process for many of the APDs under consideration by the DOI. The American Energy Act requires courts to remand lease sale Environmental Impact Studies to agencies to remedy when necessary, rather than allowing judges with a political agenda to simply vacate these leases.

    Cosponsors of the legislation include: Rep. Jeff Hurd (CO-03), Rep. Andy Ogles (TN-05), Rep. Ryan Zinke (MT-01), Rep. Byron Donalds (FL-19), Rep. Troy Nehls (TX-22), Rep. Pete Stauber (MN-08), Rep. Andy Biggs (AZ-05), Rep. Paul Gosar (AZ-09), Rep. Jeff Crank (CO-05), Rep. Barry Moore (AL-01), Rep. Pat Harrigan (NC-10), Rep. Julie Fedorchak (ND-AL), Rep. Ben Cline (VA-06), and Rep. Michelle Fischbach (MN-07).

    MIL OSI USA News –

  • MIL-OSI USA: RI Delegation Announces Unfrozen Federal Transportation Funding

    Source: US Congressman Gabe Amo (Rhode Island 1st District)

    Washington, DC – U.S. Senators Jack Reed and Sheldon Whitehouse and U.S. Representatives Seth Magaziner and Gabe Amo today announced that the Trump administration unfroze $251 million in previously announced federal funding to support critical transportation projects across Rhode Island’s I-95 corridor.

    “Transportation investment should be driven by need and merit – not partisanship.  The Trump Administration is legally required to provide these funds — which were authorized and appropriated by Congress and awarded by the previous administration – and never should have been frozen in the first place.  We’re talking about overdue, needed upgrades and maintenance to bridges along our interstate highway system.  We have seen the exponential cost of allowing bridges to fail,” said Reed, a member of the Appropriations Committee.  “I appreciate Senator Whitehouse’s bipartisan efforts at EPW and Transportation Secretary Sean Duffy for approaching this issue with commonsense and reaching the right decision. Going forward, the Trump Administration needs to work with Congress and states to wisely invest in our infrastructure, enhance the safety and reliability of our transportation network, and strengthen our economy.”

    “Through the Environment and Public Works Committee, I have successfully pushed to release significant funds for major Rhode Island infrastructure projects.  Chair Capito has helped me, and I am grateful for her effort and support.  As a result, USDOT is freeing a quarter billion dollars we had secured for the I-95 bridge repairs on top of our previously announced $221 million emergency Washington Bridge funding,” said Whitehouse, the top Democrat on the Senate Environment and Public Works Committee.  “That’s more than half a billion dollars kicked loose for Rhode Island infrastructure.  I’ll continue pressing to free and secure federal funding for Rhode Island’s job-creating infrastructure investments.”

    “This funding will improve safety and commute times for thousands of Rhode Islanders every day,” said Magaziner.  “Along with the rest of the Rhode Island Congressional Delegation, I will continue to advocate for our state to get our share of federal funding to improve our infrastructure and quality of life.” 

    “I’m thrilled that our state will be receiving federal infrastructure funds that we helped secure for critical upgrades in the Ocean State,” said Amo.  “As we continue to translate these federal dollars into improvements to better connect communities in Rhode Island, I look forward to working in close coordination with our delegation, state, local, and federal partners, to deliver safe, reliable, and sustainable infrastructure for generations to come.”

    The most recent unfrozen federal funding includes $251.1 million for the Rhode Island Department of Transportation (RIDOT) to address the condition of 15 bridges located along nearly 10 miles of National Highway System pavement.  These bridges provide key neighborhood connections throughout the cities of Providence and Cranston, and also serve 180,000 vehicles daily, including roughly 9,000 truck and heavy freight vehicles.  This federal funding will allow RIDOT to take a major step in addressing the I-95 corridor holistically while maintaining the safe and efficient movement of freight and multimodal users to arterial roads carried over interstates.  RIDOT plans call for replacing 11 bridges and eliminating four.  The project will improve vertical clearances on I-95 and reduce bridge strikes.

    The federal funds will flow to Rhode Island through the U.S. Department of Transportation’s Bridge Investment Program (BIP).  Senators Reed and Whitehouse helped create BIP in 2021 through the Bipartisan Infrastructure Law, which provided federal funding for bridge replacement, rehabilitation, preservation, and protection with the goal of improving safety, efficiency, and reliability.

    An additional $549,770 will be unfrozen for the City of East Providence to support the City’s traffic circulation improvements project.

    In late March, the delegation announced significant progress to unfreeze federal funding for reconstruction of the westbound Washington Bridge, as the state gained access to the first $30 million wave of funds from over $220.9 million in federal grants for the Interstate-195 Washington Bridge, which has been partially closed since December 2023 due to a catastrophic failure.

     On a national level, the American Society of Engineers’ most recent report found that underinvestment in infrastructure could cost American households and businesses nearly $2 trillion over 20 years, or as much as $625 per household per year. 

    ###

    MIL OSI USA News –

  • MIL-OSI: UAB “Valstybės investicinis kapitalas” Dividend Decision

    Source: GlobeNewswire (MIL-OSI)

    UAB Valstybės investicinis kapitalas, UAB informs that the company’s shareholder has decided to allocate EUR 34,059 for dividends. The remaining share of profit available for distribution EUR 6,777,798 will be allocated to the legal reserve.

    This decision follows the Resolution No. 256 of the Government of the Republic of Lithuania dated April 30, 2025 “Regarding the Dividends Payable by UAB Valstybės investicinis kapitalas for Shares Owned by the State”, which authorized the Ministry of Finance to decide in 2025 to allocate 0.5 percent of the company’s profit available for distribution for the 2024 financial year to dividends.

    Enclosed:

    Approved distribution of Valstybės investicinis kapitalas UAB profit (loss) for the year 2024.

    Contact person:

    Vaidas Daktariunas
    Valstybės investicinis kapitalas UAB, Chief Executive Officer
    Phone: +370 618 29216
    E-mail: vaidas.daktariunas@vika.lt

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Landmark economic deal with United States saves thousands of jobs for British car makers and steel industry

    Source: United Kingdom – Executive Government & Departments

    Press release

    Landmark economic deal with United States saves thousands of jobs for British car makers and steel industry

    Thousands of jobs have been saved as the Prime Minister secured a first-of-a-kind trade agreement with the US.

    • Britain secures the first US trade deal protecting British business and British jobs, the second landmark deal in Britain’s national interest in a matter of days following the India deal
    • Prime Minister delivers on his promise to save UK steel and British car makers – saving thousands of jobs across the country
    • US tariffs on automotives immediately slashed from 27.5%, with steel and aluminium reduced to zero
    • Unprecedented market access for British farmers with protections on food standards maintained

    Thousands of jobs have been saved as the Prime Minister secured a first-of-a-kind trade agreement with the US.

    It is the second major trade announcement this week – following the India Free Trade Agreement on Tuesday, this historic agreement with the US to slash tariffs delivers for UK carmakers, steelworks and farmers – protecting jobs and providing stability for exporters. 

    Car export tariffs will reduce from 27.5% to 10% – saving hundreds of millions a year for Jaguar Land Rover alone. This will apply to a quota of 100,000 UK cars, almost the total the UK exported last year. 

    The Prime Minister visited Jaguar Land Rover last month announcing greater freedom for car manufacturers to back British industry in the face of global headwinds. During this visit he told workers he would accelerate trade deals to protect their jobs, their livelihoods, and to champion British business worldwide. 

    The UK steel industry – which was on the brink of collapse just weeks ago – will no longer face tariffs thanks to today’s deal. The Prime Minister negotiated the 25% tariff down to zero, meaning UK steelmakers can carry on exporting to the US. This follows last month’s intervention from the Prime Minister to take control of British Steel to save thousands of jobs in Scunthorpe.

    In a win for both nations, we have agreed new reciprocal market access on beef – with UK farmers given a tariff free quota for 13,000 metric tonnes. There will be no weakening of UK food standards on imports. 

    We will also remove the tariff on ethanol – which is used to produce beer – coming into the UK from the US, down to zero. 

    It is one of many international deals that the Government is landing to boost our economy – following an Indian trade deal which will add £4.8 billion to the UK economy and £2.2 billion in wages every year.

    Prime Minister, Keir Starmer, said:

    The new global era demands a government that steps up, not stands aside. 

    This historic deal delivers for British business and British workers protecting thousands of British jobs in key sectors including car manufacturing and steel. 

    My government has put Britain at the front of the queue because we want to work constructively with allies for mutual benefit rather than turning our back on the world.

    As VE Day reminds us, the UK has no greater ally than the United States, so I am delighted that eight decades on, under President Trump the special relationship remains a force for economic and national security. 

    This is jobs saved, jobs won but not job done and our teams will continue to work to build on this agreement. 

    My Government is determined to go further and faster to strengthen the UK’s economy, putting more money in working people’s pockets as part of our Plan for Change.

    Business and Trade Secretary Jonathan Reynolds said:

    I am delighted our calm approach and proactive engagement with the US has resulted in this deal which cuts tariffs for UK industry and cuts costs for businesses.

    Businesses across the country will be glad to see our approach working, but this is only the beginning. We look forward to strengthening our trading relationship with the US through a wider economic deal, which will help us to deliver on our Plan for Change to provide economic stability and make this country fit for the future.

    Adrian Mardell, Chief Executive Officer, JLR said:

    The car industry is vital to the UK’s economic prosperity, sustaining 250,000 jobs. We warmly welcome this deal which secures greater certainty for our sector and the communities it supports. We would like to thank the UK and US Governments for agreeing this deal at pace and look forward to continued engagement over the coming months.

    Work will continue on the remaining sectors – such as pharmaceuticals and remaining reciprocal tariffs. But – in an important move – the US has agreed that the UK will get preferential treatment in any further tariffs imposed as part of Section 232 investigations. The deal opens the way to a future UK US technology partnership through which our science-rich nations will collaborate in key areas of advanced technology, for example biotech, life sciences, quantum computing, nuclear fusion, aerospace and space. 

    The Digital Services Tax remains unchanged as part of today’s deal. Instead the two nations have agreed to work on a digital trade deal that will strip back paperwork for British firms trying to export to the US – opening the UK up to a huge market that will put rocket boosters on the UK economy.

    Updates to this page

    Published 8 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Director of Kent car sales company banned for Covid loan abuse

    Source: United Kingdom – Executive Government & Departments

    Press release

    Director of Kent car sales company banned for Covid loan abuse

    Joseph Harrison, the director of South East Commercials Ltd was disqualified as a director for 12 years and ordered to repay £38,295.

    • Car dealer Joseph Harrison applied for two Covid Bounce Back loans, totalling £90,000 on behalf of his company. 

    • He was only entitled to one Covid loan for his company, South East Commercials Ltd, under the rules of the scheme. 

    • Harrison was subject to a director disqualification order which came into effect on 6 May 2025 following a hearing at the High Court in London.  

    A car dealer from Kent – who is now living in Spain – has been banned from being a company director for 12 years after his company received a second £45,000 Covid Bounce Back loan it was not entitled to.  

    Joseph Harrison, from Wrotham, was the director of South East Commercials Ltd – a used car sales dealership in Kent – before it was dissolved in January this year.  

    An Insolvency Service investigation found that the 38-year-old applied for a Covid loan of £45,000 in June 2020.   

    However, he applied for a second loan – in August 2020 – for a further £45,000 having declared this was his first and only application for his business.  

    At a hearing at the High Court in London on 15 April 2025 Harrison was disqualified from being a director for 12 years, with his ban beginning on 6 May 2025. 

    He was also ordered to repay the current balance of £38,295 from the second loan.  

    Ann Oliver, Chief Investigator at the Insolvency Service, said:  

    Joseph Harrison applied for and received a second Covid loan when he was only entitled to one for his car sales business.  

    A 12-year ban is a significant disqualification and demonstrates the seriousness of his actions.  

    The Insolvency Service is committed to ensuring those who abused this scheme – which was designed to benefit the economy and help small businesses – are brought to justice. 

    Joseph Harrison operated as a sole trader for a number of years before South East Commercials Ltd was incorporated in May 2020.  

    The company sold used cars and light motor vehicles, such as motorcycles.  

    In the report to creditors, Mr Harrison stated that the first Bounce Back loan application was made by a third party on his behalf.  

    The Insolvency Service did not find evidence of a third party’s involvement.  

    He also stated that he did not know that only one successful loan application was permitted under the scheme.  

    However, the Insolvency Service has seen evidence that Mr Harrison signed the declaration on his company’s second loan application confirming that this was his first and only application. 

    Joseph Harrison was disqualified for 12 years under sections 6 and 15A of the Company Directors Disqualification Act 1986. 

    The Bounce Back loan scheme helped small and medium-sized businesses to borrow between £2,000 and £50,000, at a low interest rate, guaranteed by the Government.  

    Further information:  

    Updates to this page

    Published 8 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA News: President Trump is Bringing Drug Manufacturing Back

    Source: The White House

    President Donald J. Trump is determined to make the American pharmaceutical and biotechnology industries great again — both as a matter of national security and to unleash unprecedented prosperity for American workers.

    Gilead Sciences became the latest industry leader to announce a massive new investment in its U.S. operations with an $11 billion boost to its planned U.S.-based spending.

    The company joins a host of others in expanding their domestic footprint to align with President Trump’s vision:

    • New Jersey-based Johnson & Johnson announced a $55 billion investment in manufacturing, research and development, and technology.
    • Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in its U.S.-based manufacturing and research and development.
    • New Jersey-based Bristol Myers Squibb announced a $40 billion investment in research, development, technology, and manufacturing.
    • Indiana-based Eli Lilly and Company announced a $27 billion investment to more than double its domestic manufacturing capacity.
    • Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S.
    • Illinois-based AbbVie announced a $10 billion investment over the next ten years to support volume growth and add four new manufacturing plants to its network.
    • New Jersey-based Merck & Co. announced it will invest a total of $9 billion over the next several years after opening a new $1 billion North Carolina manufacturing facility — including a new state-of-the-art biologics manufacturing plant in Delaware.
      • Merck Animal Health announced an $895 million investment to expand their manufacturing operation in Kansas.
    • New York-based Regeneron Pharmaceuticals announced a $3 billion agreement with FUJIFILM Diosynth Biotechnologies to produce drugs at its North Carolina facility.
    • California-based Amgen announced a $900 million investment in its Ohio-based manufacturing operation.
    • Illinois-based Abbott Laboratories announced a $500 million investment in its Illinois and Texas facilities.

    MIL OSI USA News –

  • MIL-OSI USA News: Fact Sheet: U.S.-UK Reach Historic Trade Deal

    Source: The White House

    ESTABLISHING A NEW PARADIGM FOR OUR SPECIAL RELATIONSHIP: Today, on the 80th anniversary of Victory Day for World War II, President Donald J. Trump and Prime Minister Keir Starmer announced a historic trade deal, providing American companies unprecedented access to the UK markets while bolstering U.S. national security. This is a great deal for America.

    • President Trump: “The deal includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol, and virtually all of the products produced by our great farmers.”
      • “The UK will reduce or eliminate numerous non-tariff barriers that unfairly discriminated against American products.”
      • “This is now turning out to be, really, a great deal for both countries.”
    • Prime Minister Starmer: “This is going to boost trade between and across our countries. It’s going to not only protect jobs, but create jobs, opening market access.”
    • This trade deal will significantly expand U.S. market access in the UK, creating a $5 billion opportunity for new exports for U.S. farmers, ranchers, and producers.
      • This includes more than $700 million in ethanol exports and $250 million in other agricultural products, like beef.
      • It commits the countries to work together to enhance industrial and agricultural market access.
      • It closes loopholes and increases U.S. firms’ competitiveness in the UK’s procurement market.
      • It ensures streamlined customs procedures for U.S. exports.
      • It establishes high standard commitments in the areas of intellectual property, labor, and environment.
      • It maximizes the competitiveness and secures the supply chain of U.S. aerospace manufacturers through preferential access to high-quality UK aerospace components.
      • It creates a secure supply chain for pharmaceutical products.
    • The reciprocal tariff rate of 10%, as originally announced on Liberation Day, is in effect.
    • The United States will agree to an alternative arrangement for the Section 232 tariffs on UK autos.
      • Under the deal, the first 100,000 vehicles imported into the U.S. by UK car manufacturers each year are subject to the reciprocal rate of 10% and any additional vehicles each year are subject to 25% rates.
    • The United States also recognizes the economic security measures taken by the UK to combat global steel excess capacity and will negotiate an alternative arrangement to the Section 232 tariffs on steel and aluminum.
      • This deal creates a new trading union for steel and aluminum.
    • This U.S.-UK trade deal will usher in a golden age of new opportunity for U.S. exporters and level the playing fields for American producers.
    • Today’s action also sets the tone for other trading partners to promote reciprocal trade with the United States.

    A FRAMEWORK TO BOLSTER ECONOMIC SECURITY: President Trump continues to advance the interests of the American people, enhancing market access for American exporters and lowering tariff and non-tariff barriers to protect our economic and national security.

    • On April 18, President Trump had a call with Prime Minister Starmer to discuss our bilateral trade relationship.
    • U.S. total goods trade with the UK was an estimated $148 billion in 2024.
    • The UK average applied agricultural tariff is 9.2% while the U.S. average applied agricultural tariff (prior to April 2) was 5%.
    • The UK maintains certain tariff and non-tariff barriers that restrict market access and create an unfair playing field for American workers and businesses.
      • For example, the UK imposes tariffs that can exceed 125% on meat, poultry, and dairy products on top of maintaining non-science-based standards that adversely affect U.S. exports.
    • On April 2, 2025, Liberation Day, President Trump imposed a 10% tariff on all countries to address unfair trade practices that have contributed to America’s trade deficit and imbalances in order to better protect American workers and our national security. 

    A MILESTONE IN ADVANCING AN AMERICA FIRST TRADE POLICY: Since Day One, President Trump challenged the assumption that American workers and businesses must tolerate unfair trade practices that have disadvantaged our workers and businesses for decades and contributed to our historic trade deficit.

    • Reversing these conditions and addressing the lack of reciprocity in America’s trade relationships will bring about a new Golden Age and Make America Great Again.
    • President Trump continues to advance the interests of the American people, enhancing market access for American exporters and lowering tariff and non-tariff barriers.
    • The Economic Prosperity Deal with the United Kingdom is a critical step forward in a special relationship to promote reciprocal trade with a key ally and partner.

    MIL OSI USA News –

  • MIL-OSI Europe: ASIA/INDIA – Salesian missionaries help young people seek for a job

    Source: Agenzia Fides – MIL OSI

    Thursday, 8 May 2025

    ANS

    Srikakulam (Agenzia Fides) – An initiative launched by the Salesian missionaries in the Diocese of Srikakulam aims not only to shape the conscience of young people but also to impart skills needed to enter the world of work. The diocese is located in one of the poorest districts of the Indian state of Andhra Pradesh.In a social context where youth unemployment is high in India, with approximately 42 out of 100 young people unable to find work in their preferred field, the missionaries’ initiative, implemented as part of a festival with cultural events and meetings with local businesses, proved not only to be a form of “employment agency” but also a moment that gave new hope to more than 500 young people from rural areas and their families.During the three-day event, jointly organized by DISHA, the career counseling and placement service of the Salesian Province of India-Hyderabad, the Don Bosco Job Placement Network, and the Diocese of Srikakulam, the young people also participated in sessions focused on communication, decision-making, emotional intelligence, goal setting, and teamwork, all aimed at helping the young people succeed in job interviews.Theater performances, songs, and various artistic performances complemented the training sessions and gave the young people the opportunity to showcase their talents. The artistic performances also addressed social issues relevant to the community, such as unemployment and migration. At the end of the festival, over 300 young people received job offers on site from the 15 participating companies from various sectors (including healthcare, retail, manufacturing, and IT services). (F.B.) (Agenzia Fides, 8/5/2025)
    Share:

    MIL OSI Europe News –

  • MIL-OSI USA: Governor Kehoe Announces FEMA to Participate in Joint Damage Assessments for April 28-29 Storms in Southern Missouri

    Source: US State of Missouri

    MAY 8, 2025

    Jefferson City — Today, Governor Mike Kehoe announced that the Federal Emergency Management Agency (FEMA) will participate in joint Preliminary Damage Assessments (PDAs) of public infrastructure in six counties following the severe storms, straight-line winds, and tornadoes that heavily damaged areas of southwest and southeast Missouri from April 28 to 29.  

    “Last week, intense severe storms once again brought destruction to areas of Missouri, further burdening families, businesses, and communities already dealing with the aftermath of previous damaging severe weather,” Governor Kehoe said. “The State Emergency Management Agency (SEMA) has been on the ground for days, helping local officials document damage. Our local partners and SEMA believe the emergency response costs and damage to roads, bridges, and other important public infrastructure warrant a formal review by FEMA and meet the levels required for a federal disaster declaration for Public Assistance.”

    Joint PDAs are being requested for the following counties: Barry, Greene, Lawrence, McDonald, Newton and Washington. Additional counties may be added as damage information is received from local officials.

    Joint PDA teams are made up of representatives from FEMA, SEMA and local emergency management officials. Beginning Tuesday, May 13, five teams will verify documented damage to determine if Public Assistance can be requested through FEMA. Public Assistance allows local governments and qualifying nonprofit agencies to seek federal assistance for reimbursement of emergency response and recovery costs, including repair and replacement of damaged roads, bridges and other public infrastructure.

    SEMA continues to coordinate with local officials, other state agencies, and volunteer and faith-based partners to identify needs and assist impacted families and individuals. If you have damage, you should contact your insurance company and file a claim as soon as possible.

    Missourians with unmet needs are encouraged to contact United Way by dialing 2-1-1 or the American Red Cross at 1-800-733-2767. For additional resources and information about disaster recovery in Missouri, including general clean-up information, housing assistance, and mental health services, visit recovery.mo.gov.

    ###

    MIL OSI USA News –

  • MIL-OSI: Subsea 7 S.A. announces changes to Board composition

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 8 May 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the election of Lucia Andrade as a Non-Executive Director at the 2025 annual general meeting of shareholders (AGM) and the decision of Jean Cahuzac to retire from his position as Non-Executive Director with immediate effect.

    Jean has served on the Board since 2008, and was also CEO of Subsea7 until 31 December 2019. The Board would like to thank him for his commitment and valuable contribution to Subsea7.

    Jean was a member of the Compensation Committee and the Tender Committee and changes to committee memberships will be discussed at the next meeting of the Board, later this month.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.
    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

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

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com
    agm@subsea7.com

    This information is subject of the disclosure requirements of the Norwegian Securities Trading Act.
    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 8 May 2025 at 17:00 CET.

    Attachment

    The MIL Network –

  • MIL-OSI: Subsea 7 S.A. – 2025 AGM and EGM

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 8 May 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, the Company) today announced that, at the 2025 annual general meeting of shareholders (AGM) on 8 May 2025, all resolutions were approved, including the payment of a dividend of NOK 13.00 per common share, to be paid in two equal instalments.

    In addition, at the subsequent extraordinary general meeting of shareholders (EGM) on the same day, both proposed resolutions, which related to (i) to the authority of the Board of Directors to repurchase and, as the case may be, to subsequently cancel Company shares and reduce the issued share capital accordingly and (ii) the renewal of authorisation for the Board of Directors to issue new shares and to limit or suppress preferential subscription rights, for up to 10% of the issued share capital, were approved.

    The minutes of both the AGM and EGM which detail the resolutions passed and the result of the votes cast in relation to each resolution and the changes to the Company’s articles of association are attached hereto. The minutes can also be found on the Company’s website.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

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

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

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com
    agm@subsea7.com

    This information is subject to the disclosure requirements of the Norwegian Securities Trading Act. 
    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 8 May 2025 at 17:15 CET.

    Attachments

    The MIL Network –

  • MIL-OSI Economics: Samsung Shop App: Making Mother’s Day Shopping Easier Than Ever

    Source: Samsung

     
    This Mother’s Day, Samsung is helping you celebrate the most important woman in your life with ease and style through the Samsung Shop App – a powerful online platform designed to simplify your shopping experience and help you find the perfect gift. The Samsung Shop App has you covered with;
     
    Up to 30% off mother’s day gift ideas
    An EXTRA 10% off your first order on the Samsung Shop App
    Free delivery
    Flexibile finance to spread the cost of your favourite tech at your convenience
     
    The Samsung Shop App offers a full range of Samsung products – from cutting-edge mobile devices and stylish wearables to home appliances that bring both function and joy. It’s the ultimate tool to make shopping for mom thoughtful, seamless, and stress-free.
     

     
    If you find yourself shopping last minute, you’re in luck because you can avoid the hassle of in-store crowds this Mother’s Day by browsing the Samsung Shop App from the comfort of your home. With just a few taps, you can explore gift ideas, access limited-time deals, and enjoy a smooth checkout process with multiple payment options.
     
    Here’s why the Samsung Shop App is the perfect gifting platform this Mother’s Day:
     
    Free Delivery: Get your new Samsung products delivered to your door at no cost to you.
    Exclusive In-App Deals: Enjoy access to special offers available only through the app.
    Flexible Finance: Choose from a variety of secure payment methods and flexible finance such as PayJustNow, Mobicred, Float and more.
    Samsung Rewards: Earn Bonus Samsung Rewards when you purchase selected products that could well be the perfect tech gift for mom.
    Wide Product Range: From smartphones to smartwatches, kitchen appliances to tablets – discover everything mom might love, all in one place.
    Personalised Recommendations: The app suggests gifts based on your preferences and browsing history, making it easy to find something special.
    Order Tracking and Delivery Updates: Stay updated on your order status with real-time notifications and shipping details.
    24/7 Customer Support: Need help? Access expert assistance at any time, right from the app.
     
    Whether you’re gifting a new smartphone, a time-saving appliance, or a stylish wearable, the Samsung Shop App makes it easy to show your appreciation for mom in a meaningful way.
     
    Download the Samsung Shop App today from the Google Play Store or Apple Play Store, visit https://www.samsung.com/za/offer/mothers-day to discover exclusive Mother’s Day offers and gift ideas that are just a tap away.

    MIL OSI Economics –

  • MIL-OSI USA: News 05/8/2025 Blackburn, Bennet, Tillis, Coons Introduce Bill to Bolster Domestic Semiconductor Supply Chains

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – Today, U.S. Senators Marsha Blackburn (R-Tenn.), Michael Bennet (D-Colo.), Thom Tillis (R-N.C.), and Chris Coons (D-Del.) introduced the bipartisan Strengthening Essential Manufacturing and Industrial (SEMI) Investment Act to expand tax incentives for semiconductor facilities to include upstream materials suppliers. This would help protect U.S. defense supply chains by supporting domestic investment and reducing reliance on foreign adversaries like Communist China.

    “Communist China has rapidly increased its grip on semiconductor production, threatening America’s economy and national security,” said Senator Blackburn. “The SEMI Investment Actwould boost manufacturing here in the United States and help secure our supply chains by expanding tax incentives for semiconductor facilities to reduce our dependence on Beijing.”

    “The CHIPS and Science Act revitalized advanced domestic manufacturing and restored funding for cutting-edge research and development. But without sustained investment across the semiconductor supply chain, we risk undermining these important efforts,” said Senator Bennet. “Our bipartisan bill will secure our supply chains and ensure companies across the semiconductor ecosystem can invest in and expand U.S. production.”

    “The U.S. must do everything we can to strengthen the domestic semiconductor supply chain,” said Senator Tillis. “It is crucial for our national security and economic resilience that we get this policy right and I am proud to cosponsor this legislation to ensure we reduce our reliance on our adversaries like China.”

    “Semiconductors drive everything from smartphones to medical devices to automobiles, and countries that excel at manufacturing them will be stronger and more secure in the decades ahead,”said Senator Coons. “Expanding the semiconductor manufacturing investment tax credit—established by President Biden’s CHIPS and Science Act—will strengthen our semiconductor supply chain and advance us toward that goal.”

    BACKGROUND

    • Fueled by massive government subsidies, China’s state-controlled companies now dominate nearly 85% of global processing capacity for rare earth minerals used in semiconductor manufacturing.
    • Last month, China imposed new export bans on rare earth materials like gallium, germanium, and antimony, which are key to semiconductor production.
    • Under current law, tax incentives are only available for facilities that directly produce semiconductors or manufacturing equipment. However, much of the upstream materials and components used in these facilities are sourced from China, leaving our critical supply chains vulnerable and heavily reliant on foreign adversaries.

    SEMI INVESTMENT ACT

    • To safeguard national security and counter China’s growing dominance in the semiconductor sector, the SEMI Investment Act would foster the development of a robust U.S.-based supply chain by expanding the tax credit to include upstream materials suppliers.
    • Expanding incentives to include upstream production would also bolster American innovation, create jobs, and ensure the resilience of this vital industry.

    Click here for bill text.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 4.25%.

    Source: United Kingdom – Executive Government & Departments

    News story

    HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 4.25%.

    The Bank of England Monetary Policy Committee announced on 8 May 2025 to reduce the Bank of England base rate to 4.25% from 4.50%.

    HMRC interest rates are linked to the Bank of England base rate.

    As a consequence of the change in the base rate, HMRC interest rates for late payment and repayment will reduce.

    These changes will come into effect on:

    • 19 May 2025 for quarterly instalment payments
    • 28 May 2025 for non-quarterly instalments payments

    Information on the interest rates for payments will be updated shortly.

    How HMRC interest rates are set

    HMRC interest rates are set in legislation and are linked to the Bank of England base rate.

    Late payment interest is currently set at base rate plus 4.00%. Repayment interest is set at base rate minus 1%, with a lower limit – or ‘minimum floor’ – of 0.5%.

    The differential between late payment interest and repayment interest is in line with the policy of other tax authorities worldwide and compares favourably with commercial practice for interest charged on loans or overdrafts and interest paid on deposits.

    The rate of late payment interest encourages prompt payment and ensures fairness for those who pay their tax on time, while the rate of repayment interest fairly compensates taxpayers for loss of use of their money when they overpay.

    Updates to this page

    Published 8 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Evraz Inc. NA Canada Fined $575,000 for Workplace Injury

    Source: Government of Canada regional news

    Released on May 8, 2025

    On April 29, 2025, Evraz Inc. NA Canada pleaded guilty in Regina Provincial Court to one violation of The Occupational Health and Safety Regulations, 2020.

    The company was fined for contravening clause 10-4 (1) (a) of the regulations (being an employer, fail to provide an effective safeguard when a worker may contact a dangerous moving part of a machine, resulting in the serious injury of a worker). As a result, the Court imposed a fine of $410,714.29 with a surcharge of $164,285.71, for a total amount of $575,000.

    One other charge was withdrawn.

    The charges stemmed from an incident that occurred on December 4, 2022, in Regina, Saskatchewan when a worker suffered serious injuries while inspecting the underside of sheet metal as it was being mechanically moved through the metal slitting machine.

    The Ministry of Labour Relations and Workplace Safety works with employers and workers to eliminate workplace injuries and illnesses through education, intervention and enforcement.

    -30-

    For more information, contact:

    Shane Seilman
    Labour Relations and Workplace Safety
    Regina
    Phone: 306-520-2705
    Email: shane.seilman2@gov.sk.ca

    MIL OSI Canada News –

  • MIL-OSI USA: FDA Announces Completion of First AI-Assisted Scientific Review Pilot and Aggressive Agency-Wide AI Rollout Timeline

    Source: US Department of Health and Human Services – 3

    For Immediate Release:
    May 08, 2025

    In a historic first for the agency, FDA Commissioner Martin A. Makary, M.D., M.P.H., today announced an aggressive timeline to scale use of artificial intelligence (AI) internally across all FDA centers by June 30, 2025, following the completion of a new generative AI pilot for scientific reviewers.
    “I was blown away by the success of our first AI-assisted scientific review pilot. We need to value our scientists’ time and reduce the amount of non-productive busywork that has historically consumed much of the review process. The agency-wide deployment of these capabilities holds tremendous promise in accelerating the review time for new therapies,” said Dr. Makary.
    The generative AI tools allow FDA scientists and subject-matter experts to spend less time on tedious, repetitive tasks that often slow down the review process.
    “This is a game-changer technology that has enabled me to perform scientific review tasks in minutes that used to take three days,” said Jinzhong (Jin) Liu, Deputy Director, Office of Drug Evaluation Sciences, Office of New Drugs in FDA’s Center for Drug Evaluation and Research (CDER).
    To reflect the urgency of this effort, Dr. Makary has directed all FDA centers to begin deployment immediately, with the goal of full integration by the end of June. Work will continue to expand use cases, improve functionality and adapt to the evolving needs of each center after June 30. By that date, all centers will be operating on a common, secure generative AI system integrated with FDA’s internal data platforms.
    “There have been years of talk about AI capabilities in frameworks, conferences and panels but we cannot afford to keep talking. It is time to take action. The opportunity to reduce tasks that once took days to just minutes is too important to delay,” said Dr. Makary.
    Next Steps
    Looking ahead, the FDA plans to expand generative AI capabilities—across all centers using a secure, unified platform. Future enhancements will focus on improving usability, expanding document integration, and tailoring outputs to center-specific needs, while maintaining strict information security and compliance with FDA policy.
    The agency-wide rollout is being coordinated by Jeremy Walsh, the FDA’s newly appointed Chief AI Officer and Sridhar Mantha. Walsh previously led enterprise-scale technology deployments across federal health and intelligence agencies and Mantha recently led the Office of Business Informatics in CDER.
    The agency will continue to assess performance, gather user feedback and refine features to support the evolving needs of FDA staff and advance its public health mission. Additional details and updates on the initiative will be shared publicly in June.
    ###

    Boilerplate

    The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation’s food supply, cosmetics, dietary supplements, radiation-emitting electronic products, and for regulating tobacco products.

    Inquiries

    Consumer:
    888-INFO-FDA

    Content current as of:
    05/08/2025

    Follow FDA

    MIL OSI USA News –

  • MIL-OSI USA: Governor Stein Announces PPG Will Establish Cleveland County Manufacturing Center Creating 110 Jobs

    Source: US State of North Carolina

    Headline: Governor Stein Announces PPG Will Establish Cleveland County Manufacturing Center Creating 110 Jobs

    Governor Stein Announces PPG Will Establish Cleveland County Manufacturing Center Creating 110 Jobs
    lsaito

    Raleigh, NC

    Today Governor Josh Stein announced that PPG will create 110 jobs in the City of Shelby. The company reports it will invest $380 million to establish a new manufacturing center in Cleveland County, marking the return of the PPG brand name to Shelby, where the company first established a facility in the 1950s.

    “PPG knows what I know: North Carolina is the #1 state for manufacturing in the Southeast,” said Governor Josh Stein. “Our state’s workforce is our greatest asset, and I will continue to advocate for more training and education programs so that employees can build a career and employers have the well-trained people they need to get to work.”

    PPG (NYSE: PPG) is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. The company operates in more than 70 countries and reported net sales of $15.8 billion in 2024. PPG’s aerospace business is a leading provider of innovative solutions tailored to meet the unique needs of Original Equipment Manufacturers (OEM) and aftermarket customers, such as airlines and Maintenance, Repair, and Overhaul (MRO) facilities for commercial, general aviation, and military segments. The company’s aerospace portfolio includes advanced coatings, sealants, transparencies, packaging, chemical services, engineered materials, and specialty products designed to enhance the performance, durability, and safety of aircraft. The company’s new project in Shelby will establish a modern manufacturing facility to produce the full line of PPG’s aerospace coatings and sealants.

    “PPG’s investment in this new manufacturing facility demonstrates the significant demand growth for our world-class technologies and our continued commitment to serving our aerospace customers,” said Tim Knavish, PPG chairman and chief executive officer. “By modernizing and digitizing our facilities, PPG will continue to embody our purpose – to protect and beautify the world – while contributing to the growth and innovation of the aerospace sector.” 

    “It’s great to see another top manufacturing company select North Carolina as a place to do business,” said Commerce Secretary Lee Lilley. “It’s also gratifying to see a company like PPG, with its historical ties to the region, once again become part of the strong and vibrant community of Shelby.  I look forward to the great things to come from this renewed partnership.” 

    Although wages will vary depending on the position, the average salary for the new jobs will be $66,861. The average wage in Cleveland County at the time of the company’s grant application was $48,310.

    A performance-based grant of $300,000 from the One North Carolina Fund will help facilitate PPG’s project into Cleveland County, based on a company investment of $221.8 million and the creation of 62 jobs. The OneNC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment.  All OneNC grants require a matching grant from local governments and any award is contingent upon that condition being met.

    “PPG is a name held in high regard in our area, and we’re all excited to open the next chapter of this partnership for our region and for our state,” said Representative Kelly Hastings. “We welcome these new jobs and investment to our region, and I am especially proud that my mom is a PPG retiree.”

    “Bringing PPG back to Cleveland County and Shelby took a lot of effort by many people and organizations working behind the scenes,” said Senator Ted Alexander. “Our community looks forward to supporting the company as they re-establish operations in our area.” 

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Department of Environmental Quality, the Commerce Department’s Division of Workforce Solutions, Cleveland Community College, Cleveland County, the City of Shelby, and the Cleveland County Economic Development Partnership. 

    May 8, 2025

    MIL OSI USA News –

  • MIL-OSI: Virtru Names Wayne Chung as CTO to Drive Next Phase of Innovation and Growth

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, May 08, 2025 (GLOBE NEWSWIRE) — Virtru, a leader in data-centric security, today announced Dr. Wayne Chung has joined the company as Chief Technology Officer (CTO), where he will lead technical strategy and execution, partnering with Will Ackerly, Virtru Co-Founder, Chief Architect, and inventor of the Trusted Data Format (TDF), an open standard for data-centric security that is rapidly being adopted by national defense and intelligence agencies around the world.

    Chung’s appointment marks a significant milestone for Virtru as it accelerates the deployment of its Data Security Platform in the national security and commercial markets—while simultaneously growing its 6,000+ customer commercial SaaS business.

    “I’m honored to join Virtru at such an exciting moment,” said Chung. “The team’s vision for data-centric security across SaaS, defense, and AI is both bold and timely. Our national institutions need the fine-grained security, control, and simplicity that Virtru provides. I look forward to partnering with this team to scale Virtru’s impact and drive greater adoption of data-centric security.”

    Chung brings an exceptional track record with executive roles across both public and private sectors. At the FBI, he served as CTO, leading cloud migration, cybersecurity modernization, and the development of advanced data analytics, AI and ML capabilities. Chung also previously held the position of Innovator-In-Residence at the NSA’s Cybersecurity and Computer Network Operations Mission. He currently serves as a Technical Amicus Curiae to the U.S. Foreign Intelligence Surveillance Courts, and is a Senior Fellow at the Center for National Security and the Law at Georgetown University.

    In the private sector, Chung has held CTO roles at BlueVoyant and Clara Analytics, where he scaled cutting-edge data security and AI platforms.

    Ackerly will focus on advancing Virtru’s technical architecture and research, continuing to lead innovation efforts surrounding the Trusted Data Format (TDF) and pushing the boundaries of what data-centric solutions can achieve in the era of agentic AI.

    “As Virtru continues to deploy software at scale across large federal and commercial organizations, Wayne’s unique blend of public and private-sector experience is a valuable asset to our team,” said Ackerly. “His leadership will help Virtru remain ahead of the curve in enabling secure, data-centric collaboration for both government and enterprise customers.”

    For more information about Virtru and its Data Security Platform, please visit www.virtru.com.

    About Virtru

    Virtru empowers organizations to unlock the power of data while maintaining control wherever it’s stored and shared. Trusted by over 6,000 global customers, Virtru provides simple, powerful solutions for Zero Trust data-centric security, underpinned by the Trusted Data Format (TDF). Learn more at Virtru.com.

    Press Contact

    Nick Michael

    nick.michael@virtru.com 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/28f2b422-d0c8-4752-aa9a-1474581b2058

    The MIL Network –

  • MIL-OSI: Tech CU Expands Executive Leadership Team with Strategic Appointments

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif. , May 08, 2025 (GLOBE NEWSWIRE) — Technology Credit Union (Tech CU) today welcomed two new leaders to its executive team: Terri Giannetti as Chief Marketing Officer and Josh Bluhm as Chief Lending Officer. These hires underscore Tech CU’s continued focus on growth, innovation, and delivering a strong member experience.

    As Chief Marketing Officer, Giannetti will be responsible for developing and executing strategies to drive lead generation, sales conversion, market share growth, member retention, and brand awareness. She brings over 27 years of leadership experience across the financial services and retail industries, most recently serving as Chief Experience Officer at Seattle Credit Union. There, she led a 72-person team spanning marketing, brand, retail, contact center, and facilities.

    “Terri’s extensive background in marketing, customer segmentation, data analytics and member experience, paired with her leadership at both credit unions and well-known retail brands, makes her an ideal fit to lead our marketing strategy,” said Todd Harris, CEO of Tech CU. “Her ability to align marketing and operational goals will be essential as we continue building momentum toward our current and future goals.”

    Additionally, Josh Bluhm has been promoted to Chief Lending Officer and officially joined Tech CU’s Executive Team. In this role, he will continue overseeing Consumer and Strategic Lending while focusing on growth and operational excellence.

    Bluhm brings over 27 years of banking and financial services leadership experience, with expertise spanning consumer lending, credit risk, and operations. Prior to becoming Chief Lending Officer, he served as Senior Vice President and Head of Retail Credit Risk and Operations at Tech CU, where he played a key role in creating operational efficiencies, implementing a strong consumer credit risk strategy, and driving lending growth. Earlier in his career, he held leadership positions at Peoples Bank and Whatcom Educational Credit Union.

    “Josh has demonstrated outstanding leadership and vision, particularly in executing a thoughtful structure for our new lending division,” said Harris. “His commitment to performance and collaboration has made a big impact, and I’m confident he will continue to elevate our lending programs as part of the executive team.”

    Bluhm was promoted to Chief Lending Officer in late 2024 and has since led the integration of new reporting lines, roles, and process redesign to support Tech CU’s evolving lending strategy.

    For more information about Tech CU, visit www.techcu.com.

    About Tech CU
    Tech CU is a $4.7 billion Bay Area credit union. As a federally insured not-for-profit organization, Tech CU has invested its resources to deliver superior rates, lower fees, and outstanding service and member benefits for more than 60 years while also supporting quality of life in local communities. It serves more than 200,000 members throughout the United States and provides financial products for all stages of its members’ lives, including personal banking, wealth management, private banking, commercial lending, and business banking. To learn more, please visit www.techcu.com.

    Contact:
    Linden Kohtz
    Public Relations, Tech CU
    lkohtz@techcu.com

    The MIL Network –

  • MIL-OSI: Practice AI™ Revolutionizes Lemon Law Case Management with AI-Powered Lemon Law Demand Writer

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, May 08, 2025 (GLOBE NEWSWIRE) — Practice AI™, a leader in AI-powered legal technology, today announced the launch of its groundbreaking Lemon Law Demand Letter feature on AI Demands™. The innovative platform automates and streamlines the demand letter generation process. Specifically created for lemon law attorneys, this new tool empowers legal professionals to generate comprehensive and ready-to-send demand letters in mere minutes, effortlessly.

    Practice AI™ Lemon Law Demand Feature transforms the traditionally time-consuming task of drafting lemon law demands by allowing attorneys to simply upload repair orders, purchase orders, and other crucial case documents. The platform’s advanced AI analyzes the information, extracting vital details about vehicle defects, case facts, and potential settlement demands.

    This AI-driven system automatically identifies recurring mechanical issues and constructs a compelling legal argument tailored to the specifics of each case. Our software ensures demand letters are not only thorough but also strategically optimized for a strong legal claim.

    The feature significantly reduces the time and effort associated with drafting lemon law claims. Attorneys can now forgo the manual review of extensive repair records, allowing them to concentrate on critical case strategy and client advocacy. This powerful tool enhances accuracy, ensures adherence to legal standards, and boosts overall efficiency. Attorneys now have the ability to achieve faster case resolutions and improved outcomes for their clients.

    Boost Your Lemon Law Practice with AI-Powered Efficiency

    Lemon law cases demand precision and persuasive documentation. The feature streamlines this process, delivering:

    • Comprehensive Demand Letters Instantly: Upload repair records and within minutes, receive a fully detailed letter including defect summaries, legal justifications, and settlement requests.
    • Reduced Risk with AI-Powered Accuracy & Compliance: Our built-in AI checks guarantee legally sound and correctly formatted demand letters, minimizing errors.
    • Smart Document Summaries: AI automatically extracts crucial details from repair records, quickly identifying recurring issues and organizing essential case facts for rapid review.

    Empower Your Firm: Why Lemon Law Attorneys Choose Lemon Law Demands

    • Accelerate Case Progress: Generate high-quality demand letters instantly, freeing up valuable time.
    • Ensure Legal Precision: Minimize errors and enhance compliance with AI-driven accuracy.
    • Boost Productivity: Automate time-consuming tasks, allowing you to focus on strategic case management.
    • Scale Your Practice: Handle a greater volume of cases without increasing your workload.

    With the introduction of Lemon Law Demands to the Practice AI platform, CEO Hamid Kohan shared his vision: “Our goal is to empower lemon law attorneys with the tools they need to work faster and more efficiently while maintaining the highest standards of legal precision.”

    Practice AI actively engages with industry leaders and legal practitioners, reinforcing its commitment to transformative change in legal services and fostering strategic partnerships to explore new solutions.

    Explore how AI Demands can revolutionize your practice by signing up.

    About Practice AI™

    Practice AI™ delivers AI-powered solutions designed to meet the evolving needs of the legal industry. The company’s innovative platforms streamline legal processes, improve accuracy, and enable attorneys to focus on delivering exceptional client service. For more information about AI Demands, visit Practice AI or contact us below.

    For media inquiries, please contact:

    Practice AI

    Address: 21731 Ventura Blvd. #175, Woodland Hills, CA 91364

    Phone: (424) 476-5858

    Email: sales@mylawfirm.ai

    Visit us on social media:

    Facebook | Instagram | LinkedIn | YouTube | X.com

    The MIL Network –

  • MIL-OSI USA: Carbajal, House Democrats Lead Fight Against Republican Cuts to Medicaid and Food Assistance

    Source: United States House of Representatives – Representative Salud Carbajal (CA-24)

    As Republicans push an extreme budget that hands $7 trillion in giveaways to billionaires and big corporations, U.S. Representative Salud Carbajal (D-CA-24) joined House Democrats in introducing legislation to block the extreme and unprecedented cuts to Medicaid and food assistance in the Republican budget.

    “The Republican budget is harmful to the Central Coast’s working families—threatening to gut Medicaid, SNAP, and food assistance just to hand out more tax breaks to billionaires like Elon Musk,” said Rep. Carbajal. “I’m proud to stand with my Democratic colleagues to introduce the Hands Off Medicaid and SNAP Act, because no family should have to forgo medical care or go hungry while the ultra-wealthy get another tax giveaway.”

    While Republican leaders claim they won’t cut Medicaid benefits, the nonpartisan Congressional Budget Office confirmed that the Republican budget would result in the largest Medicaid cuts in U.S. history (see fact sheet here). The Republican proposal demands slashing at least $880 billion from programs under the House Energy and Commerce Committee, which is impossible without devastating cuts to Medicaid, a critical program that provides essential health care to nearly one in three Americans.


    The Republican budget also demands at least $230 billion in cuts to programs under the House Agriculture Committee, threatening the largest-ever cut to the Supplemental Nutrition Assistance Program (SNAP), which helps over 42 million Americans afford groceries. These cuts to food and health assistance come as grocery and health care costs remain high—and as Donald Trump advances a new wave of tariffs that would amount to the largest middle-class tax increase in 50 years, costing households an estimated $3,800 annually.

    Meanwhile, the proposed cuts would be used to help pay for tax breaks for the wealthiest Americans. According to the nonpartisan Yale Budget Lab, nearly 70 percent of the benefits of the major policies in the Republican budget would go to the top 5 percent of earners. While the top 0.1 percent gets an annual tax cut of $314,266, working and middle-class families would be left to bear the burden of higher costs and reduced access to health care and food assistance.

    The Hands Off Medicaid and SNAP Act would protect families by prohibiting Republicans from weaponizing the reconciliation process to cut benefits or remove individuals from Medicaid and SNAP. This would help ensure that tens of millions of Americans continue to have access to essential health care and food assistance (district-level data is available here).

    The text of the Hands Off Medicaid and SNAP Act is available here.

    MIL OSI USA News –

  • MIL-OSI: UPDATE – International companies to host live webcasts at Deutsche Bank’s Depositary Receipts Virtual Investor Conference on May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference (“dbVIC”) on Thursday, May 15, 2025 featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the United States.

    Representatives from participating companies based in China, Hong Kong, Philippines, Denmark, Germany, South Africa, Switzerland, Sweden, and the United Kingdom will respond to questions during formal presentations. The conference is targeted to all categories of investors and analysts interested in international companies.

    There is no fee for participants to log in, attend live presentations and/or ask questions.

    Pre-registration is suggested. Please register here: www.adr.db.com/dbvic

    Conference Agenda May 15th, 2025 (US Eastern Standard Time):

    • 8:00 AM: Bavarian Nordic A/S (Nasdaq Copenhagen: BAVA, OTC: BVNRY)  
    • 8:30 AM: Viomi Technology Co., Ltd (NASDAQ: VIOT)
    • 9:00 AM: Infineon Technologies AG (Xetra: IFX, OTC: IFNNY)
    • 9:30 AM: Clicks Group Ltd (JSE: CLS, OTC: CLCGY)
    • 10:00 AM: First Pacific Company Ltd (HKEX: 142, OTC: FPAFY)
    • 10:30 AM: HUTCHMED (China) Limited (AIM: HCM, NASDAQ: HCM, and HKEX:13)
    • 11:00 AM: 51Talk Online Education Group (NYSE American: COE)
    • 11:30 AM: Yiren Digital Ltd. (NYSE: YRD)
    • 12:00 PM: ABB Ltd. (SIX: ABBN, OTC: ABBNY)
    • 12:30 PM: Belite Bio, Inc  (NASDAQ: BLTE)
    • 13:00 PM: Epiroc AB (Nasdaq Stockholm: EPIA, OTC: EPOAY)
    • 13:30 PM: International Airlines Group (LSE: IAG, MAD: IAG, OTC: ICAGY)
    • 14:00 PM: BDO Unibank, Inc (PSE: BDO, OTC: BDOUY)
    • 14:30 PM: iHuman Inc. (NYSE: IH)

    The presentations will be available for replay after the conference.

    In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

    For further information, please contact:
    Dylan Riddle
    Deutsche Bank AG
    Press & Media Relations
    Tel. +12122504982
    Cell. +1(904)3866481
    Email dylan.riddle@db.com

    Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

    Deutsche Bank is sponsoring the Deutsche Bank Depositary Receipt Investor Conference solely for informational purposes. Deutsche Bank does not prepare, review, approve or edit any presentations, statements, documents or other information or materials, whether in written, electronic or verbal form, provided by any company participating in such conference, and disclaims any responsibility for the accuracy or adequacy of any such information or materials. Deutsche Bank is not promoting, endorsing or recommending any company participating in the conference.

    The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the “Act”) on Form F-6. The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant as to or guarantee the accuracy or completeness of the details contained herein and does not undertake an obligation to update or amend this information. Deutsche Bank, its subsidiaries and/or affiliates disclaims any and all liability to fullest extent permitted by law, whether arising in tort, contract or otherwise, which any of them might otherwise have in respect of the above information. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities in the United States, nor does it constitute an offer or solicitation to any person in any other jurisdiction. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© May 2025 Deutsche Bank AG. All rights reserved.

    The MIL Network –

  • MIL-OSI: Baltic Horizon Fund consolidated unaudited results for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the three months of 2025.

    Our strategic ambitions
    Over the past years, our focus has been on reshaping our strategy to foster sustainable value in a very demanding environment, concentrating efforts on avenues that promise reliable and consistent growth for our investors.

    We firmly believe that the execution of the ‘Modern City Life’ strategy, introduced to investors in 2024, is paramount to their best interests. This strategy emphasizes developing centrally located, multi-functional properties with adaptable spaces designed to inspire, uplift, and enhance the lives of modern citizens and communities. Our value proposition is built on quality, flexibility, sustainability, and exceptional service, supported by strategic locations that cater to the evolving needs of our tenants, visitors and neighbours.

    The Fund management team has implemented and specified its key performance indicators (KPIs) as a means to effectively measure and track performance because we acknowledge that clear and measurable benchmarks are essential for evaluating progress towards the Fund’s objectives. By defining specific KPIs, the team aims to enhance transparency, accountability, and facilitate decision-making processes.

    In 2025 the Fund will focus on four KPIs:

    • Occupancy of not less than 90% by the year end. We aim to decrease the current vacancies across the portfolio. At the end of Q1 occupancy rate (based on handover date) was 82.3%
    • Attaining a net operating income (NOI) of EUR 130 per square meter by 2027. Due to possible divestments, from 2025 the management has a new target of NOI/sq.m. rather than total NOI p.a.
    • Loan to value ratio not exceeding 50%. The Fund recently introduced its divestment strategy with the aim to reduce financing costs and decrease LTV levels. In March 2025 the Fund disposed the Meraki business centre in Vilnius. Proceeds of the disposal were used to repay the outstanding loan and early repay the bonds in the amount of EUR 3 million.
    • Optimizing the property portfolio by considering the disposal of non-strategic assets if deemed strategically beneficial.

    Leasing performance
    During the 3 months of 2025, the Fund signed new leases for approx. 2,000 sq. m. Moreover, leases of approx. 5,500 sq. m. were prolonged. 7 new tenants have been attracted to our buildings, while 8 existing tenants have decided to continue their cooperation with us.

    As of the end of March 2025, the portfolio occupancy rate based on handover date stood at 82.3%, while occupancy calculated according to lease signing date reached 86.9%, marking significant progress toward the target of 90%.

    Notably, less than 14% of leases are set to expire during the next 9 months, while the vast majority expire in 2026 and later. We aim to spread our lease terms evenly so that no more than 20% of our leases expire each year.

    Recent successful leasing activity is reflected in the increase in the weighted average unexpired lease term until the first break option, which was 3.6 years as of 31 March 2025 (compared to 3.4 and 2.9 years as of 31 December 2024 and 2023).

    Outlook
    In 2025 the Fund will focus on flexible and sustainable solutions to meet tenant demands and market conditions. Our key goals are increasing the occupancy of the portfolio and decreasing the LTV by way of repaying part of the bonds.

    In 2025, we will continue advancing our social and environmental commitments. All our assets have been BREEAM-certified, and by the end of Q1 2025, we achieved 95% green leases across our portfolio, with a target to further increase this share in the coming year.

    In a challenging leasing market, the Baltic Horizon Fund is focusing on minimizing administration expenses to offset reduced income. By regularly reviewing overhead costs, investing in technology upgrades, and negotiating fees, the fund aims to enhance operational efficiency and improve long-term investment returns. These strategies are essential for maintaining financial health and maximizing results despite limited income opportunities.

    Simultaneously, to reinforce its financial position, the Fund is committed to improving its debt service ratio and reducing loan-to-value levels. By focusing on increasing occupancy rates and optimizing property concepts, we aim to enhance asset performance and maximize net operating income. Adaptive leasing strategies, property repositioning, and targeted investments in high-demand segments will remain key priorities. These initiatives are designed to create long-term value for investors while ensuring the Fund remains resilient in a dynamic market environment.

    Baltic Horizon achieves a 100% BREEAM certified portfolio
    Our portfolio is 100% BREEAM certified.

    GRESB benchmarking
    In 2024 the Fund received a 3-star GRESB rating. During 2024, the Fund has implemented a GRESB improvement plan and aims to receive 4-stars again in the year 2025.

    Net result and net rental income
    The Group earned consolidated net rental income of EUR 3.0 million in Q1 2025 (Q1 2024: 2.8 million). The results for Q1 2025 include two months of net rental income of the Meraki office property (EUR 0.2 million), which was sold on 13 March 2025.

    The portfolio net rental income in Q1 2025 was 6.3% higher than in Q1 2024, mainly due to higher occupancy in Galerija Centrs since the complex was undergoing a transition period of certain tenants in the buildings in Q1 2024, as well as higher occupancy in Meraki as the international office furniture company NARBUTAS fully moved in to the premises at the end of 2024.

    In Q1 2025, the Group recorded a net loss of EUR 968 thousand compared with a net loss of EUR 624 thousand for Q1 2024. The result was mainly driven by the losses on disposal of investment properties. Earnings per unit for Q1 2025 were negative at EUR 0.01 (Q1 2024: negative at EUR 0.01).

    Investment properties
    At the end of Q1 2025, the Baltic Horizon Fund portfolio consisted of 11 cash flow generating investment properties in the Baltic capitals. The fair value of the Fund’s portfolio was EUR 226.2 million at the end of March 2025 (31 December 2024: EUR 241.2 million) and incorporated a total net leasable area of 110.7 thousand sq. m. During Q1 2025 the Group invested approximately EUR 1.4 million in tenant fit-outs.

    Gross Asset Value (GAV)
    As of 31 March 2025, the Fund’s GAV was EUR 243.2 million (31 December 2024: EUR 256.0 million). The decrease compared to the prior year was mainly related to the disposal of the Meraki office building, which had contributed approx. EUR 16.4 million to the GAV.

    Net Asset Value (NAV)
    As of 31 March 2025, the Fund’s NAV was EUR 97.2 million (31 December 2024: EUR 98.1 million). The NAV decrease was mainly due to losses on disposal of Meraki. As of 31 March 2025, IFRS NAV per unit amounted to EUR 0.6769 (31 December 2024: EUR 0.6833), while EPRA net tangible assets and EPRA net reinstatement value were EUR 0.7209 per unit (31 December 2024: EUR 0.7267). EPRA net disposal value was EUR 0.6736 per unit (31 December 2024: EUR 0.6797).

    Interest-bearing loans and bonds
    As of 31 March 2025, interest-bearing loans and bonds (excluding lease liabilities) were EUR 138.9 million (31 December 2024: EUR 149.0 million).
    As of 31 March 2025, the Fund’s consolidated cash and cash equivalents amounted to EUR 12.8 million (31 December 2024: EUR 10.1 million).

    Cash flow
    Cash inflow from core operating activities in Q1 2025 amounted to EUR 1.3 million (Q1 2024: cash inflow of EUR 1.9 million). Cash inflow from investing activities was EUR 14.3 million (Q1 2024: cash outflow of EUR 1.3 million) mainly due to the sale of Meraki in March 2025 for EUR 16 million. Cash outflow from financing activities was EUR 12.8 million (Q1 2024: cash inflow of EUR 5.7 million). In Q1 2025, the Fund repaid the BH Novus UAB (previously BH Meraki UAB) loan amounting to EUR 10.3 million and paid interest on bank loans and bonds.

    Key earnings figures

    EUR ‘000 2025 Q1 2024 Q1 Change (%)
    Net rental income 2,970 2,794 6.3%
    Administrative expenses (548) (585) (6.3%)
    Other operating income (expenses) 18 10 80.0%
    Losses on disposal of investment properties (905) (367) 146.6%
    Valuation losses on investment properties (5) (4) 25.0%
    Operating (loss) profit 1,530 1,848 (17.2%)
    Net financial expenses (2,673) (2,497) 7.0%
    (Loss) profit before tax (1,143) (649) 76.1%
    Income tax 175 25 600.0%
    Net (loss) profit for the period (968) (624) 55.1%
           
    Weighted average number of units outstanding (units) 143,562,514 119,635,429 20.0%
    Earnings per unit (EUR) (0.01) (0.01) –

    Key financial position figures

    EUR ‘000 31.03.2025 31.12.2024 Change (%)
    Investment properties in use 226,220 241,158 (6.2%)
    Gross asset value (GAV) 243,208 256,048 (5.0%)
           
    Interest-bearing loans and bonds 138,914 148,989 (6.8%)
    Total liabilities 146,035 157,953 (7.5%)
           
    IFRS Net asset value (IFRS NAV) 97,173 98,095 (0.9%)
    EPRA Net Reinstatement Value (EPRA NRV) 103,496 104,333 (0.8%)
           
    Number of units outstanding (units) 143,562,514 143,562,514 –
    IFRS Net asset value (IFRS NAV) per unit (EUR) 0.6769 0.6833 (0.9%)
    EPRA Net Reinstatement Value (EPRA NRV) per unit (EUR) 0.7209 0.7267 (0.8%)
           
    Loan-to-Value ratio (%) 61.4% 61.8% (0.4%)
    Average effective interest rate (%) 6.5% 6.7% (0.2%)

    During Q1 2025, the average actual occupancy of the portfolio was 82.7% (Q4 2024: 81.0%). The occupancy rate increased to 82.3% as of 31 March 2025 (31 December 2024: 82.1%).

    Overview of the Fund’s investment properties as of 31 March 2025

    Property name Sector Fair value1 NLA Direct property yield Net initial yield Occupancy rate
    (EUR ‘000) (sq. m)  20252 20253
    Vilnius, Lithuania            
    Europa SC Retail 36,106 17,127 2.7% 3.1% 81.6%
    North Star Office 19,550 10,740 5.6% 6.2% 90.3%
    Total Vilnius   55,656 27,867 3.9% 4.7% 85.0%
    Riga, Latvia            
    Upmalas Biroji BC Office 19,241 11,204 3.4% 4.3% 64.1%
    Vainodes I Office 15,936 8,128 6.2% 8.5% 100.0%
    LNK Centre Office 11,641 7,452 (2.4%) (3.7%) 0.0%
    Sky SC Retail 4,910 3,260 8.7% 9.3% 100.0%
    Galerija Centrs Retail 60,863 19,441 3.4% 4.5% 84.7%
    Total Riga   112,591 49,485 3.3% 4.4% 70.8%
    Tallinn, Estonia            
    Postimaja & CC Plaza complex Retail 21,876 9,232 3.1% 5.2% 100.0%
    Postimaja & CC Plaza complex Leisure 13,195 7,877 6.4% 5.8% 100.0%
    Lincona Office 13,110 10,767 6.7% 8.3% 92.6%
    Pirita SC Retail 9,792 5,425 6.6% 8.5% 97.1%
    Total Tallinn   57,973 33,301 4.9% 6.6% 97.1%
    Total portfolio   226,220 110,653 3.9% 5.0% 82.3%
    1. Based on the latest valuation as of 31 December 2024, recognised right-of-use assets and subsequent capital expenditure.  
    2. Direct property yield (DPY) is calculated by dividing annualized NOI by the acquisition value and subsequent capital expenditure of the property.
    3. The net initial yield (NIY) is calculated by dividing annualized NOI by the market value of the property.

    Consolidated statement of profit or loss and other comprehensive income

    EUR ‘000    
    01.01.2025
    – 31.03.2025    		 01.01.2024
    – 31.03.2024
    Rental income 3,794 3,846
    Service charge income 1,332 1,048
    Cost of rental activities (2,156) (2,100)
    Net rental income 2,970 2,794
         
    Administrative expenses (548) (585)
    Other operating income 18 10
    Losses on disposal of investment properties (905) (367)
     Valuation losses on investment properties (5) (4)
    Operating profit (loss) 1,530 1,848
         
    Financial income 42 4
    Financial expenses (2,715) (2,501)
    Net financial expenses (2,673) (2,497)
         
    Profit (loss) before tax (1,143) (649)
    Income tax charge 175 25
    Profit (loss) for the period (968) (624)
       
    Other comprehensive income that is or may be reclassified to profit or loss in subsequent periods
    Net gain (loss) on cash flow hedges 51 (219)
    Income tax relating to net gain (loss) on cash flow hedges (5) 27
    Other comprehensive income (expense), net of tax, that is or may be reclassified to profit or loss in subsequent periods 46 (192)
         
    Total comprehensive income (expense) for the period, net of tax (922) (816)
         
    Basic and diluted earnings per unit (EUR) (0.01) (0.01)
           

    Consolidated statement of financial position

    EUR ‘000   31.03.2025 31.12.2024
    Non-current assets      
    Investment properties   226,220 241,158
    Intangible assets   2  4 
    Property, plant and equipment   2 5
    Derivative financial instruments              – 1                      
    Other non-current assets   845 1,225
    Total non-current assets   227,069 242,393
           
    Current assets      
    Trade and other receivables   2,848 2,800
    Prepayments   444 802
    Cash and cash equivalents   12,847 10,053
    Total current assets   16,139 13,655
    Total assets   243,208 256,048
           
    Equity      
    Paid in capital   151,495 151,495
    Cash flow hedge reserve   (374) (420)
    Retained earnings   (53,948) (52,980)
    Total equity   97,173 98,095
           
    Non-current liabilities      
    Interest-bearing loans and borrowings   83,896 98,491
    Deferred tax liabilities   1,742 1,898
    Other non-current liabilities   1,143 1,446
    Total non-current liabilities   86,781 101,835
           
    Current liabilities      
    Interest-bearing loans and borrowings   55,259 50,736
    Trade and other payables   3,331 4,473
    Income tax payable   – 14
    Derivative financial instruments   303 317
    Other current liabilities   361 578
    Total current liabilities   59,254 56,118
    Total liabilities   146,035 157,953
    Total equity and liabilities   243,208 256,048

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, Facebook, X and YouTube.

    This announcement contains information that the Management Company is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above distributors, at 17:45 EET on 08 May 2025.

    Attachment

    The MIL Network –

  • MIL-OSI: The Victory Bank to Celebrate Grand Opening of New Horsham Branch with an Exclusive CD Special, Business Offers, and Grand Prize Trip to Maui, Hawaii

    Source: GlobeNewswire (MIL-OSI)

    HORSHAM, Pa., May 08, 2025 (GLOBE NEWSWIRE) — The Victory Bank will celebrate the grand opening of its second retail branch, located at 100 Gibraltar Road, Horsham, PA 19044, with a week-long series of events from June 2 through June 6, 2025. The celebration features daily prize giveaways, family entertainment, business seminars, and exclusive offers—including a CD Special of 4.5% APY* for 22 weeks and special promotions for new business accounts opened in person at the Horsham location.

    Special Promotions and Contests

    Starting June 2, participants can text “Victory” to 527-955-7422 to receive a unique “Game” code. When they visit the Horsham branch during the week of June 2–6, they’ll have their code decoded on-site to reveal an instant prize—which could include a KitchenAid Mixer, Samsung Smart TV, Phillies tickets, propane grill, and more.

    All codes must be redeemed by 4 PM EST on Friday, June 6. Click here for full Game rules.

    The week culminates with a separate Grand Prize “Sweepstakes” Drawing for a trip for two to Maui, Hawaii. To be eligible, participants must open an account** and submit their entry by 3 PM EST on June 6. The winner will be announced at 5:45 PM, and must be present to win. Click here for full Sweepstakes rules.

    Available All Week

    • CD Special: 4.5% APY* for 22 weeks (opened in person at Horsham branch)
    • New Business Account Offers: Special incentives available exclusively for businesses opening accounts in person at the Horsham branch
    • Money Machine: One turn per guest to grab as much cash as possible
    • Popcorn Machine: Free fresh popcorn served daily
    • Sweet Treats: Cool off with complimentary frozen treats (available all summer!)
    • Hospitality Tent: Open daily with refreshments and opportunities to meet bank staff
    • The Victory Bank Foundation: Learn more about the Foundation’s mission and community initiatives

    Daily Schedule of Events

    Monday, June 2 – Opening Day Kickoff!

    • Big Prize Giveaway: KitchenAid Mixer
    • 12:00 PM: Ribbon-Cutting Ceremony with the Montgomery County Chamber of Commerce
    • 1:00 – 4:00 PM: Family entertainment including a visit from Bluey, face painting, balloon artist, and goody bags

    Tuesday, June 3 – Phillies Day

    • Big Prize Giveaway: Two tickets to four Phillies games with parking
    • 4:00 PM: Ribbon-Cutting Ceremony with the Greater Bucks-Mont Chamber of Commerce

    Wednesday, June 4 – Financial Wellness Focus

    • Big Prize Giveaway: Samsung – 55″ Class Q60D Series QLED 4K UHD Smart Tizen TV
    • 11:30 AM – 2:00 PM: Adult Financial Literacy Course with lunch, presented by Bill Vitiello and Rosalia Hoffman of The Victory Bank (registration required). Space is limited.

    Thursday, June 5 – Business Owner Spotlight

    • Big Prize Giveaway: 3-Burner Propane Grill
    • 11:00 AM – 2:00 PM: Business Seminar with Alan Scholnick, PCC, CPC, CPA, CGMA, MST, MAOL, ELI-MP. Includes lunch (registration required). Space is limited.
    • 2:00 PM: Ribbon-Cutting Ceremony with the Chamber of Greater Montgomery County

    Friday, June 6 – Grand Finale!

    • Grand Prize Drawing: Trip for Two to Maui, Hawaii (5:45 PM – must be present to win)
    • 4:00 – 6:00 PM: Food from Nick’s Roast Beef Food Truck
    • 5:00 PM: Ribbon-Cutting Ceremony with the Eastern Montgomery County Chamber of Commerce
    • Bluey returns, along with face painting and balloon artistry

    *The Annual Percentage Yield (APY) provided is accurate as of 06/02/2025 and is subject to change. This offer expires on 06/06/2025. Early withdrawal may incur a substantial penalty. Fees associated with the account could reduce actual earnings.

    A minimum deposit of $500.00 required to open. All rates, terms, and conditions are subject to change without prior notice. Call 610-948-9000 for current rates. Accounts must be opened in person at the Horsham branch.

    Valid for both regular and IRA certificates of deposit.

    **No purchase necessary. For full sweepstakes and game details, and event registration, visit www.victorybank.com/grand-opening-celebration-horsham-pa.

    FDIC-Insured – Equal Housing Lender

    CONTACT:

    Owen Magers
    Administrative Assistant to the CEO, Investor Relations
    610-948-9000 

    The MIL Network –

  • MIL-OSI Africa: Afreximbank’s Creative Africa Nexus (CANEX) unveils third edition of short film competition

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

    Afreximbank’s Creative Africa Nexus (CANEX) unveils third edition of short film competition Filmmakers between the ages of 18 and 35 years can enter the competition for a chance to win a cash prize of $2,000 for outstanding work in each of the competition’s three categories: Best Fiction, Best Documentary, and Best Animation CAIRO, Egypt, May 8, 2025/APO Group/ — Creative Africa Nexus (CANEX), an intervention by African Export–Import Bank (Afreximbank) (www.Afreximbank.com) has announced the third edition of its vibrant short film competition, CANEX Shorts, that is designed to recognise and celebrate talents of young filmmakers from Africa and the Diaspora.   Filmmakers between the ages of 18 and 35 years can enter the competition for a chance to win a cash prize of $2,000 for outstanding work in each of the competition’s three categories: Best Fiction, Best Documentary, and Best Animation. To be eligible, they must be Africans living on the continent, in the diaspora or the Caribbean. Each filmmaker can only enter one film for which they must hold all rights. The entered films should have been produced in 2023 or after and can be in any language.   Besides the cash prize, CANEX Shorts winners will also get an opportunity to participate and have their films screened at CANEX at IATF2025, which will take place in Algiers, Algeria, from 4 – 10 September 2025. This will also provide them with a chance to connect with potential investors and partners in what has become the largest gathering of creatives on the continent.  To enter the competition, filmmakers are required to submit their films, not more than five minutes long, via the Film Freeway digital platform (https://FilmFreeway.com/CANEXShorts). From all entries, the selection committee will curate a shortlist of 30 films – 10 films per category for submission to the jury that comprises, well-respected film experts from across the continent. The jury will then select a winning film in each of the categories during CANEX at IATF2025.  The 2024 CANEX shorts winners were unveiled at CANEX WKND 2024. The winning films were: Silent Screams by Esenaga Mbwe (Botswana) in the CANEX Shorts Best Fiction category; We Shall Not Forget by Brian Obra (Kenya) in the CANEX Shorts Best Documentary category; and Room-5 by Francis Y. Brown (Ghana) in the CANEX Shorts Best Animation category. According to the jury, the quality of films submitted during CANEX WKND 2024 was exceptionally high, necessitating award of two Special Mentions: Vodoun Nouminssin and Rain Is Not the Cloud’s Last Parade.  CANEX at IATF2025, where the winners will be unveiled, will provide a unique platform for nurturing business, investment opportunities, collaboration, partnerships and inspiration amongst the creatives fraternity across value chains of diverse creative and cultural industries from film, music, and fashion to culinary arts, sports, and visual arts amongst others. The event participants will include creatives, policymakers, financial institutions, business and political leaders, development partners, thought leaders as well as some of the most respected names in the Creative and Cultural Industries from across the continent and the diaspora.   Highlighting the importance of the competition, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development at Afreximbank said: “Africa’s film industry, estimated at over $5 billion is thriving and brimming with untapped potential,” adding, “At Afreximbank, we are committed to unlocking this immense value by supporting platforms like CANEX Shorts that aim to propel African storytelling to the global stage. By investing in our creatives, we are not only creating jobs and economic opportunities; we’re actively ensuring Africa’s vibrant culture and talents gain global recognition.”  To enter the 2025 CANEX Shorts competition, please visit Filmfreeway: https://FilmFreeway.com/CANEXShorts. To register to attend CANEX at IATF for free: Canex.Africa (https://apo-opa.co/3GK4Bo8).   Distributed by APO Group on behalf of Afreximbank. Media contact:  Vincent Musumba  Communications and Events Manager (Media Relations)  Email: press@afreximbank.com About CANEX: Given the relevance and opportunities provided by the creative economy as a key driver for development and job creation, Afreximbank has developed the Creative Africa Nexus programme to facilitate the development and growth of the creative and cultural industries in Africa and the diaspora. The initiative provides a range of financing and non-financing instruments /interventions aimed at supporting and developing Africa’s production, trade, and investment in the creative sector. The key strategic objectives under the CANEX Programme include increasing Africa’s share of global cultural trade flows through trade and investment promotion activities, deploying specialized financial products to support the CCI ecosystem, facilitating technical capacity programs that enable export-grade production, facilitating market access to high-value demand hubs (through partnerships) and advocating for harmonized regulatory reform, especially concerning IP rights and incentives  About Afreximbank: African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.  About the Intra-African Trade Fair: Organised by the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, the Intra-African Trade Fair (IATF) is intended to provide a unique platform for facilitating trade and investment information exchange in support of increased intra-African trade and investment, especially in the context of implementing the African Continental Free Trade Agreement (AfCFTA). IATF brings together continental and global players to showcase and exhibit their goods and services and to explore business and investment opportunities in the continent. It also provides a platform to share trade, investment and market information with stakeholders and allows participants to discuss and identify solutions to the challenges confronting intra-African trade and investment. In addition to African participants, the Trade Fair is also open to businesses and investors from non-African countries interested in doing business in Africa and in supporting the continent’s transformation through industrialisation and export development. 

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    MIL OSI Africa –

  • MIL-OSI USA: Cassidy Announces $965,000 for Airport Improvements in Shreveport, Hammond from His Infrastructure Law

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy
    WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) announced the Federal Aviation Administration (FAA) is granting Louisiana a total of $965,000 from his Infrastructure Investment and Jobs Act (IIJA) for airport safety improvements in Shreveport and Hammond.
    “Airports are often the first impression visitors have when traveling to Louisiana for the first time. These projects will make Louisiana’s airports safer and more reliable while creating jobs and boosting local economies,” said Dr. Cassidy. 
    The Shreveport Airport Authority will receive $881,000 in federal funding to install 13,650 feet of wildlife fencing and eight gates at Shreveport Downtown Airport to enhance safety.
    The City of Hammond will receive $84,000 in federal funding to rehabilitate 36,000 feet of taxiways and 640 square yards of the terminal apron at Hammond Northshore Regional Airport to maintain pavement integrity and reduce debris hazards.

    MIL OSI USA News –

  • MIL-OSI Video: POV: Ya’ll wanna see some EXPLOSIONS?

    Source: US Army (video statements)

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #Shorts #Army

    https://www.youtube.com/watch?v=kmYt19ajAp0

    MIL OSI Video –

  • MIL-OSI: Bitget Wallet Launches Full Support for Sei Network, Announces $700K Ecosystem Initiative

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, May 08, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, now offers full support for the Sei network — expanding its multi-chain capabilities and making it easier for users globally to access and interact with the Sei ecosystem.

    With this integration, Bitget Wallet now supports native Sei token transfers, in-app trading, and live price tracking. Users can bridge assets from major blockchains like Solana and BNB Chain into Sei through Bitget Wallet’s cross-chain infrastructure, which spans over 30 networks. Trading is powered by Super DEX, Bitget Wallet’s aggregator connecting liquidity across more than 130 blockchains — allowing users to securely access the Sei ecosystem and interact with other networks from a single wallet interface.

    “We’re excited to support direct access to Sei through Bitget Wallet,” said Alvin Kan, COO of Bitget Wallet. “By making Sei more accessible to our global user base, we’re not only expanding the reach of one of the fastest-growing L1 networks, but also reinforcing our mission to make Web3 simpler, faster, and more rewarding for everyone.“

    Sei is a Layer-1 blockchain combining the best of Ethereum and Solana — the developer tooling, mindshare, and network effects of the EVM, with the performance and scalability of next-generation blockchains like Solana. Its architecture achieves block finality in under 400 milliseconds, making it one of the fastest blockchains currently available.”Expanding user access and improving ecosystem onboarding are key priorities,” said Justin Barlow, Executive Director at Sei Development Foundation. “This integration with Bitget Wallet lowers the barriers for users to explore and interact with applications across the network.“

    As part of the rollout, Sei Ecosystem Month — a $700,000 initiative — is being launched to spotlight applications building on Sei and drive ecosystem engagement. The program will include trading competitions, quest-based activities, and new product experiences, all accessible through the Bitget Wallet app.

    For more information, visit the Bitget Wallet blog and Bitget Wallet Sei Ecosystem Month website.

    About Sei

    Sei is a Layer-1 blockchain that combines the advantages of Ethereum and Solana: the dominant development standard of Ethereum with the performance of Solana. Sei launched its mainnet in 2023, and has since processed billions of transactions across more than 18 million wallets. Currently on Devnet, Sei’s V3 Giga update will make Sei 50x more performant than any existing EVM chain, serving as a groundbreaking new scaling approach for the Ethereum ecosystem. The team is backed by Multicoin, Jump, Coinbase Ventures, and many more

    To learn more about Sei, please visit https://www.sei.io/

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple, secure, and accessible for everyone. With over 60 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, a DApp browser, and crypto payment solutions. Supporting 130+ blockchains, 20,000+ DApps, and a million tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets.
    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook
    For media inquiries, contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/43f5d030-7803-4dfa-9749-14c9ab517325

    The MIL Network –