Category: Business

  • MIL-OSI: Enphase Energy Announces Expanded Deployments of IQ Microinverters and IQ Batteries Manufactured in the United States

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., May 01, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced it has shipped more than 6.5 million IQ® Microinverters and 50 MWh of IQ® Batteries from U.S. contract manufacturing facilities. Approximately one million of those microinverters were made with higher domestic content than previous models, which can help solar projects qualify for the “Domestic Content Bonus Credit” using less additional U.S.-made solar equipment to meet the requirements.

    Watch a video about Enphase’s manufacturing process in Texas here.

    Enphase began shipping IQ8HC™ Microinverters from South Carolina and Texas facilities in 2023. Enphase also recently announced first shipments of its IQ® Battery 5Ps from the United States. Both the microinverters and batteries with SKUs identified by the “DOM” suffix can help projects qualify for the Domestic Content Bonus Credit. These achievements come as Enphase continues to expand its manufacturing capabilities, with recent shipments of IQ8X™ Microinverters and IQ8P-3P™ Commercial Microinverters supplied from the U.S. featuring higher domestic content than previous models.

    “This milestone represents more than just numbers – it validates the superior performance and reliability we’ve come to rely on with Enphase’s microinverters and batteries,” said John Black, owner of Black Platinum Solar & Electric, an installer of Enphase products. “The quality and consistency of these products have set a great standard for the industry.”

    “The rapid growth of Enphase’s U.S. manufacturing initiative has been impressive,” said Cole Anderson, owner of Blossom Solar LLC, an installer of Enphase products. “The focus on advanced technology that’s now shipping from American facilities has created a winning formula for our customers.”

    “Microinverters and batteries now shipping from the U.S. have strengthened our offerings,” said Brad Spernak, managing member and chief technology officer at ProSolar, an installer of Enphase products. “These products enable us to take on a broader range of projects, including those requiring domestic components.”

    “Shipping 6.5 million microinverters is enough to support more than 300,000 American homes,” said Ken Fong, senior vice president and general manager of the Americas and APAC at Enphase Energy. “Today, approximately 80% of all Enphase microinverter shipments come from the United States. That’s real impact! These milestones are a testament to our commitment to American energy dominance.”

    Learn more about Enphase U.S. manufacturing, IQ8 Microinverters, and IQ Battery 5Ps on its website.

    About Enphase Energy, Inc.

    Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power – and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 81.5 million microinverters, and approximately 4.8 million Enphase-based systems have been deployed in over 160 countries. For more information, visit https://enphase.com/.

    ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. in the U.S. and other countries. Other names are for informational purposes and may be trademarks of their respective owners.

    Forward-Looking Statements

    This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality and reliability; and certain statements regarding the domestic content bonus credit. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

    Contact:

    Enphase Energy

    press@enphaseenergy.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI: LM Funding America Announces First Quarter 2025 Earnings Call for May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., May 01, 2025 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced that it has scheduled its first quarter 2025 earnings conference call and webcast for Thursday, May 15, 2025 at 8:00 AM EST.

    LM Funding will publish its first quarter 2025 results as well as an accompanying investor presentation the morning of May 15, 2025 before the call. A copy of the earnings release and investor presentation will be available on the Company’s Investor Relations website at https://www.lmfunding.com/investors.

    Conference Call Details:

    • Date: May 15, 2025
    • Time: 8:00 AM EST
    • Participant Call Links:
      • Live Webcast: Link
      • Participant Call Registration: Link

    About LM Funding America
    LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.

    For investor and media inquiries, please contact: 

    Investor Relations 
    Orange Group 
    Yujia Zhai 
    LMFundingIR@orangegroupadvisors.com

    The MIL Network

  • MIL-OSI: ImmunoGenesis Expands Phase 1a/b Trial of IMGS-001 for Advanced Solid Tumors to Ochsner MD Anderson Cancer Center

    Source: GlobeNewswire (MIL-OSI)

    First dual-specific PD-L1/PD-L2 antibody with cytotoxic killing function is designed to treat the many “immune-excluded” cancers that are resistant to existing immunotherapies

    Promising early signals of activity seen as Phase 1 dose escalation proceeds

    HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) — ImmunoGenesis, a clinical-stage biotechnology company developing innovative, science-driven immune therapies, and Cancer Focus Fund, LP, a unique investment fund established in collaboration with The University of Texas MD Anderson Cancer Center to provide funding and clinical expertise to advance promising clinical therapies, today announced expansion of the Phase 1a/b clinical trial of ImmunoGenesis’ lead candidate, IMGS-001, to Ochsner MD Anderson Cancer Center in southeastern Louisiana. IMGS-001 is a novel dual-specific PD-L1/PD-L2 antibody with cytotoxic killing function designed to treat immune-excluded, cold tumors that are resistant to existing immunotherapy. The Phase 1a/b trial is being partially funded by a previously announced investment from Cancer Focus Fund.

    “We are encouraged by the early performance of IMGS-001 as we proceed with Phase 1 dose escalation in patients with a variety of advanced solid tumors,” said James Barlow, President and CEO of ImmunoGenesis. “Initial low doses administered to date have been well-tolerated with no dose-limiting toxicities, and we’re seeing promising signs of clinical activity in patients who have failed prior treatments. Expanding our trial to Ochsner MD Anderson, with its excellent clinical research staff, will accelerate our progress toward establishing initial proof-of-concept and offering more patients access to this potentially groundbreaking approach.”

    While first-generation PD-(L)1 checkpoint inhibitors have become a mainstay of cancer treatment, more than half of all cancers are “cold” immune resistant tumors that do not respond to these immunotherapies. IMGS-001 is designed to unlock the potential of immunotherapy for a broader group of patients by targeting key mechanisms of immune resistance, using a single engineered molecule to overcome immunosuppression through cytotoxic killing function and optimizing the PD-1 pathway blockade. In preclinical studies, IMGS-001 demonstrated superior survival benefit and tumor growth inhibition compared to currently approved checkpoint inhibitors.

    The Phase 1a/b first-in-human, open-label, multicenter study (NCT06014502) includes a dose escalation and an expansion portion to evaluate the safety, pharmacokinetics, and preliminary anti-tumor activity of IMGS-001 in adult patients with locally advanced or metastatic solid tumors refractory to standard-of-care treatment. Anticipated tumor types in the dose expansion portion of the study include ovarian, colorectal, and triple-negative breast cancer.

    Daniel Johnson, MD, director of the Center for Innovative Cancer Therapies (Phase 1) at Ochsner MD Anderson and lead investigator of the IMGS-001 Phase 1a/b trial at Ochsner, noted, “My research focuses on advancing new strategies to combat immune checkpoint inhibitor resistance while minimizing immunotherapy-related side effects. IMGS-001 has a novel mechanism that has the potential to overcome the key resistance mechanisms in immune-excluded tumors. Based on the results of preclinical studies and the promising signals seen in trial participants to date, we believe IMGS-001 may have the potential to improve clinical response for patients with these difficult-to-treat cancers. We welcome the opportunity to participate in this trial and to make it available to eligible patients in our care.”

    Ochsner MD Anderson is part of a collaborative network of hospitals and health care systems dedicated to advancing MD Anderson’s mission to end cancer. Ochsner MD Anderson patients in southeastern Louisiana receive care based on the same protocols and practice standards provided at MD Anderson in Houston, Texas. Ochsner MD Anderson experts provide access to a full range of multidisciplinary cancer care options, as well as to clinical trials of investigational drugs, when appropriate. Ochsner’s Center for Innovative Cancer Therapies has been leading first-in-human Phase 1 oncology clinical trials since 2016.

    Ross Barrett, a founder and Managing Partner of Cancer Focus Fund, said, “We believe that IMGS-001 has the potential to treat the many tumors that are resistant to current immunotherapies, and we are delighted that the Phase 1a/b trial is expanding to Ochsner MD Anderson. At Cancer Focus Fund we are proud to work collaboratively with leading institutions whose efforts to advance innovative new cancer therapies are generating promising results.”

    About the IMGS-001 Phase 1a/b Clinical Trial
    The IMGS-001 Phase 1a/b trial is a first-in-human, open-label, dose-escalation and dose-expansion study to evaluate the safety, tolerability, pharmacokinetics, immunogenicity and preliminary anti-tumor activity of IMGS-001. Phase 1a is a dose-escalation study that aims to determine the safety, tolerability, and maximum tolerated dose (MTD) of IMGS-001 in adult patients with locally advanced or metastatic solid tumors refractory to appropriate standard-of-care treatments. Phase 1b is an open-label, dose-expansion cohort study of patients with prespecified tumors intended to further assess the safety and preliminary anti-tumor activity of IMGS-001.

    About IMGS-001
    IMGS-001 is a PD-L1/PD-L2 dual-specific inhibitor with engineered cytotoxic effector function. It is the first molecule to target PD-L2 in addition to PD-L1, potentially shutting down the entire PD-1 pathway and providing a superior blockade compared to other PD-1 or PD-L1 inhibitors. Its engineered effector function enables IMGS-001 to kill immunosuppressive PD-L1 and/or PD-L2-expressing cells present in the tumor microenvironment, providing the potential to overcome immune resistance in immune-excluded tumors. Preclinical data showed that IMGS-001 drove superior survival rates and tumor growth inhibition in head-to-head studies compared to currently available immunotherapies. With its cytotoxic killing function and superior blockade, IMGS-001 may provide a new foundation for combination immuno-oncology therapies. This Phase 1a/b study is being conducted with support from an investment from the Cancer Focus Fund, LP and the Cancer Prevention and Research Institute of Texas (CPRIT) DP200094.

    About Ochsner MD Anderson Cancer Center
    Ochsner MD Anderson Cancer Center provides patients in the South Gulf region with access to cancer treatments that are among the most advanced in the nation. As Louisiana’s leader in cancer care, Ochsner Health has joined forces with MD Anderson, the nation’s leader in cancer care, to bring an enhanced level of comprehensive cancer care to patients. Ochsner is the first and only provider in Louisiana with a fully integrated cancer program based on MD Anderson’s standards and treatment plans. It offers customized treatment plans with access to cutting-edge technology, a multidisciplinary approach, and potential access to clinical trials.

    About Ochsner Health
    Ochsner Health delivers health to the people of Louisiana, Mississippi and the Gulf South with a mission to Serve, Heal, Lead, Educate and Innovate. It is the leading nonprofit healthcare provider in the Gulf South, delivering expert care at its 46 hospitals and more than 370 health and urgent care centers. In 2024, Ochsner Health cared for more than 1.6 million people from every state in the nation and 63 countries, and for 13 consecutive years, U.S. News & World Report has recognized Ochsner as the No. 1 hospital in Louisiana. Ochsner Health is innovating healthcare by investing in new technologies and research to make world-class care more accessible, affordable, convenient and effective.

    About ImmunoGenesis
    ImmunoGenesis is a clinical-stage biotech company dedicated to transforming immuno-oncology by targeting key mechanisms of immune resistance. The company’s lead product, IMGS-001, is a cytotoxic, dual-specific PD-L1/PD-L2 antibody currently in a Phase 1a/b clinical trial for the treatment of immune-excluded (“cold”) tumors, which account for more than half of all cancers. In addition to its lead program, the company is developing a number of novel approaches to overcome immune resistance in cold tumors. ImmunoGenesis designs therapies to address the pathology of these tumors, overcoming immune exclusion to elicit a robust immune response. For more information, visit immunogenesis.com

    About Cancer Focus Fund
    The Cancer Focus Fund LP is a unique investment fund established in collaboration with The University of Texas MD Anderson Cancer Center. The fund provides investment support to advance promising cancer therapies that are close to being tested in humans or are in early clinical development, along with the clinical trial expertise and infrastructure of MD Anderson and strategic partners Ochsner Health System Precision Cancer Therapies Program New Orleans and the LSU Feist Weiller Cancer Center Shreveport. The Fund’s objective is to leverage this unique combination to provide investors with superior risk-adjusted returns. In collaboration with MD Anderson, the Cancer Focus Fund provides both capital and translational research expertise with the goal of accelerating the development of novel cancer therapies that result in better outcomes for patients while generating returns for investors.

    Disclosures
    The University of Texas MD Anderson Cancer Center’s relationships with Cancer Focus Fund and ImmunoGenesis, and all research conducted at MD Anderson related to these relationships, has been identified as institutional financial conflicts of interest by MD Anderson’s Institutional Conflict of Interest Committee and therefore are managed under Institutional Conflict of Interest Management and Monitoring Plans.

    Contacts

    ImmunoGenesis
    Corporate
    James Barlow
    President and CEO
    James.barlow@immunogenesis.com

    Cancer Focus Fund
    Corporate:
    Ross Barrett
    Managing Partner
    ross@cancerfocusfund.com

    Media:
    Barbara Lindheim
    BLL Partners for Cancer Focus Fund
    blindheim@bllbiopartners.com
    (917) 355-9234

    The MIL Network

  • MIL-OSI: Top KingWin Ltd Announces 1-For-25 Reverse Share Split

    Source: GlobeNewswire (MIL-OSI)

    Guangzhou, China, May 01, 2025 (GLOBE NEWSWIRE) — Top KingWin Ltd (“Top KingWin” or the “Company”) (Nasdaq: WAI) today announced that it will effect a reverse share split of its outstanding class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), at a ratio of 1-for-25, to be effective at the open of business on Monday, May 5, 2025. 

    Our Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market (“Nasdaq”) on or around Monday, May 5, 2025. Following the reverse share split, the Ordinary Shares will have a new par value of $0.0025 per share and will continue to trade on Nasdaq under the symbol “WAI” with the new CUSIP number, G8923U111. The reverse share split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per Ordinary Share for continued listing on Nasdaq.

    No fractional shares will be issued in connection with the reverse share split and all such fractional interests will be rounded up to the nearest whole number of Ordinary Shares. In addition, the reverse share split will apply to the Ordinary Shares issuable upon the exercise of the Company’s outstanding derivative securities, with proportionate adjustments to be made to the exercise prices and number of derivates thereof and under the Company’s equity incentive plans.

    The reverse share split will reduce the number of issued and outstanding shares of the Company’s Ordinary Shares from approximately 180 million to approximately 7.2 million.

    On April 22, 2025, the shareholders of the Company approved the reverse share split of the Ordinary Shares, at a ratio of 1-for-25.

    VStock Transfer, LLC is acting as the exchange agent and paying agent for the reverse share split. Shareholders holding their shares in book-entry form or in brokerage accounts need not take any action in connection with the reverse share split.

    VStock Transfer, LLC will provide instructions to any shareholders with certificates regarding the process in connection with the exchange of pre-reverse share split share certificates for ownership in book-entry form or share certificates on a post-reverse share split basis. Shareholders are encouraged to contact their bank, broker or custodian with any procedural questions.

    About Top KingWin Ltd

    Top KingWin’s main clients are entrepreneurs and executives in small and medium-sized enterprises in China. Services provided by Top KingWin to its clients including (i) corporate business training services, which mainly focus on providing training services of advanced knowledge and new perspectives on the capital markets, (ii) corporate consulting services, which mainly focus on providing a combination of customized corporate consulting services to fulfill client’s unique financial needs, (iii) advisory and transaction services, which mainly focus on connecting entrepreneurs and businesses with diversified sources of capital, and (iv) sales of devices to support artificial intelligence data collection and analysis. Its mission is to provide comprehensive services to address clients’ needs throughout all phases of their development and growth.

    Forward-Looking Statements

    This press release contains forward-looking statements. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, the use of proceeds from the Company’s offering, the intent, belief or current expectations of Top KingWin and members of its management, as well as the assumptions on which such statements are based. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

    For more information, please contact:

    Bonnie

    Email: IR@tcjhgw.cn

    The MIL Network

  • MIL-OSI: Monarch Private Capital Wins Capital Finance International Award for Excellence in Tax Equity Impact Investing USA 2025

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, May 01, 2025 (GLOBE NEWSWIRE) — Monarch Private Capital (Monarch) is proud to announce it has received the 2025 Award for Excellence in Tax Equity Impact Investing USA from Capital Finance International (CFI.co). This prestigious recognition highlights Monarch’s leadership in leveraging tax equity financing to catalyze high-impact investments across clean energy, historic rehabilitation, and affordable housing.

    Since 2005, Monarch has generated over $7 billion in tax credits through more than 900 projects, strengthening communities and accelerating the clean energy transition. The CFI.co judging panel recognized Monarch’s exceptional technical, financial, and legal diligence, comprehensive investor disclosures, and tailored investment strategies as setting a new standard in the field.

    A standout component of Monarch’s offering is its proprietary asset monitoring software, designed over three years to deliver customized performance tracking and robust quarterly and annual reporting. The firm’s approach integrates change-of-law protections, policy engagement, and individualized investment structuring, aligning with investor risk profiles and long-term sustainability goals.

    Tax equity is a vital financial tool that fuels the growth of clean energy, affordable housing and historic rehabilitation in the U.S.,” said George Strobel, Partner, Co-Founder and Co-CEO of Monarch Private Capital. “We are honored to receive this recognition from CFI.co, which reflects not only our technical and fiduciary rigor but also the mission-driven culture that inspires our team to drive impact every day. Monarch remains committed to delivering tailored, high-integrity investments that support our investors’ goals while advancing critical national priorities.”

    The CFI.co judging panel also recognized Monarch’s exceptional talent retention and long-standing relationships with investors and developers, crediting these strengths for its success in structuring resilient, high-performing investment vehicles.

    “Monarch Private Capital exemplifies the transformative potential of tax equity impact investing,” said Anthony Michael, Publisher at CFI.co. “Their deep commitment to transparency, investor alignment, and measurable outcomes distinguishes them as a true industry leader. We’re pleased to celebrate Monarch’s achievements with this year’s award for Excellence in Tax Equity Impact Investing in the U.S.”

    For more information about the award, visit: https://cfi.co/awards/finance/2025/monarch-private-capital-excellence-in-tax-equity-impact-investing-usa-2025/

    To learn about Monarch Private Capital, visit www.monarchprivate.com.

    About Monarch Private Capital

    Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs, and homes. The funds provide predictable returns through the generation of federal and state tax credits. The Company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film, and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.

    CONTACT

    Jane Rafeedie

    Monarch Private Capital

    Jrafeedie@monarchprivate.com

    470-283-8431

    The MIL Network

  • MIL-OSI: Four in 10 Consumers Now Expect Personalized Marketing Experiences

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 01, 2025 (GLOBE NEWSWIRE) — Nearly four in 10 U.S. consumers (39%) expect brands to personalize their online shopping experience with tailored interactions, product recommendations and marketing that align with individual preferences and behaviors. These findings and more from TransUnion’s (NYSE: TRU) latest consumer research provide guidance on how brands engage their audiences going forward.

    “Effective personalization is a powerful tool for marketers,” said Matt Spiegel, EVP of TruAudience Growth Strategy, TransUnion. “When it works, personalization demonstrates to consumers that brands are listening and responding to their individual preferences, leading to higher engagement and stronger brand affinity.”

    The survey revealed several key trends that illustrate the growing importance of personalization in marketing. Nearly 40% of U.S. consumers also indicate that personalization makes them more likely to buy and increases their affinity for brands.

    Balancing personalization and privacy
    While consumers crave personalized experiences, they remain cautious about how their data is used. The survey found:

    • 80% of U.S. consumers are concerned about sharing personal info
    • 89% consider data privacy important when engaging online
    • Top concerns include identity theft (77%) and unwanted marketing (44%)

    “In a world of short attention spans and one-shot impressions, personalization is how brands make meaningful connections,” Spiegel added. “But poor execution or a breach of trust can instantly disqualify a brand in the eyes of today’s consumers. This creates a paradox for marketers. They must deliver highly relevant, personalized content without crossing lines that violate consumer trust or data ethics.”

    Audience clarity and data transparency
    The findings highlight the need for marketers to reach their intended audiences while respecting their privacy.

    “Personalization only works if you know where your audience is. TransUnion has invested in building a reliable data foundation that empowers our customers with real-time, data-driven insights to understand, reach, and impact their audience effectively,” Spiegel concluded.

    Learn more about TransUnion’s TruAudience® marketing solutions here.

    About TransUnion (NYSE: TRU)
    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business

    Contact
      Dave Blumberg
    TransUnion
    E-mail   david.blumberg@transunion.com
    Telephone   312-972-6646

    The MIL Network

  • MIL-OSI: Bitdeer Announces First Quarter 2025 Earnings Conference Call for May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 01, 2025 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining, today announced that it has scheduled its first quarter 2025 earnings conference call and webcast for Thursday, May 15, 2025 at 8:00 AM EST. During the call, Bitdeer management will discuss the unaudited financial and operational results for the quarter ended March 31, 2025, followed by a question-and-answer session.

    Bitdeer will release the first quarter results before the call at approximately 7:00 AM EST on May 15, 2025. A copy of the earnings release will be available on the Company’s Investor Relations website at https://ir.bitdeer.com.

    Conference Call Information:

    • Date: May 15, 2025
    • Time: 8:00 AM EST / 8:00 PM SGT
    • Participant Call Links:
      • Live Webcast: Link
      • Participant Call Registration: Link

    Participants wishing to join the conference call by phone should register using the Participant Call Registration link provided above. After completing the registration, the participants will receive an email with the necessary details to access the call including dial-in number, passcode, and PIN. To ensure a timely start, the Company encourages all callers to connect about 5 minutes before the scheduled time.

    A live and archived webcast of the conference call will be available on the Investors section of Bitdeer’s website at https://ir.bitdeer.com.

    About Bitdeer Technologies Group

    Bitdeer is a world-leading technology company for Bitcoin mining. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

    Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

    For investor and media inquiries, please contact:

    Investor Relations
    Orange Group
    Yujia Zhai
    bitdeerIR@orangegroupadvisors.com

    Public Relations
    BlocksBridge Consulting
    Nishant Sharma
    bitdeer@blocksbridge.com

    The MIL Network

  • MIL-OSI: Liquidia Corporation to Report First Quarter 2025 Financial Results on May 8, 2025

    Source: GlobeNewswire (MIL-OSI)

    MORRISVILLE, N.C., May 01, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, announced today that it will report its first quarter 2025 financial results on Thursday, May 8, 2025. The company will host a webcast at 8:30 a.m. Eastern Time to discuss its financial results and provide a corporate update.

    The webcast will be available on Liquidia’s website at https://liquidia.com/investors/events-and-presentations. A rebroadcast of the event will be available and archived for a period of one year at the same location.

    About Liquidia Corporation
    Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of Liquidia’s lead candidate, YUTREPIA™ (treprostinil) inhalation powder, an investigational drug for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD).  The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer, and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.

    Contact Information

    Investors:
    Jason Adair
    Chief Business Officer
    919.328.4350
    jason.adair@liquidia.com

    Media:
    Patrick Wallace
    Director, Corporate Communications
    919.328.4383
    patrick.wallace@liquidia.com

    The MIL Network

  • MIL-OSI: XRP News: Buy $XDX Token On Presale Before Exchange Listing As Proshares XRP ETF Approval Gains Momentum

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 01, 2025 (GLOBE NEWSWIRE) — As the XRP ecosystem experiences its most bullish cycle in years, XenDex has emerged as the flagship DeFi project at the center of this surge. With ProShares’ XRP Futures ETF now approval underway, and growing speculation around its spot ETF counterpart, XRP’s role in institutional finance is being redefined and XenDex is perfectly positioned to ride this historic momentum.

    Amid this backdrop, XenDex has already filled its soft cap, pushing the project into its final presale phase. With major centralized exchange listings confirmed and token prices rising, investors are racing to secure $XDX tokens before the presale closes.

    Buy $XDX Now Before Pump

    Why Now Is the Time to Buy $XDX

    The $XDX presale isn’t just about getting in early, it’s about claiming a front-row seat to the future of decentralized finance on XRPL. With its growing demand, the token is now priced at:

    • 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP

    Buy Now Before the Presale Ends: https://xendex.net/presale

    Exchange Listings Secured

    Once the presale concludes, $XDX will be listed on several top-tier exchanges, including:

    • Binance
    • Gate.io
    • MEXC
    • BitMart
    • FirstLedger
    • MagneticX

    Purchase XDX And Earn Rewards

    What Is XenDex, And Why It’s Built for the Future

    XenDex is the first all-in-one decentralized exchange (DEX) on the XRP Ledger, created to fix the very problems that have limited DeFi on XRPL. It combines ease of use, performance, and innovation, making it perfect for everyone, from first-time users to institutional traders.

    Key Features:

    • AI-Powered Copy Trading – Mirror top traders in real time to reduce losses and maximize gains
    • Non-Custodial Lending & Borrowing – Earn rewards by borrowing and lending XRP and $XDX tokens
    • Cross-Chain Trading – Swap XRP seamlessly across chains like Solana, Ethereum, and BNB
    • Staking & Yield Farming – Earn passive income by supplying liquidity to XenDex pools

    With Ripple scoring back-to-back wins, including the SEC lawsuit withdrawal, ProShares’ XRP ETF approval, and Brazil’s first XRP Spot ETF greenlight, trust in the XRP ecosystem is soaring. As capital pours in, so does demand for XRPL-native platforms like XDX.

    Join XenDex Presale Now

    Join The XDX Holders Before The Price More

    Thousands have already joined the XenDex community across Telegram and X (Twitter), locking in their $XDX tokens before exchange listings go live. With the soft cap filled, token supply shrinking, and momentum building by the hour, this is your last best opportunity to buy before price pressure explodes.

    Visit Official XenDex Links

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ee262b4d-a28a-4fff-a855-ee6c3eac4199

    The MIL Network

  • MIL-OSI Video: This man was a LETHAL short king!

    Source: US Army (video statements)

    Heroes of the Army

    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

    https://www.youtube.com/watch?v=08Yae5Z8-P0

    MIL OSI Video

  • MIL-OSI USA: ICE investigation leads to indictment of Maryland man for supporting armed separatist groups in Cameroon

    Source: US Immigration and Customs Enforcement

    BALTIMORE – An investigation conducted by U.S. Immigration and Customs Enforcement, along with the FBI and the Diplomatic Security Service led to the federal indictment of Cameroonian national, Eric Tano Tataw, 38, of Gaithersburg, Maryland. Tataw, also known as “the Garri Master,” is charged with conspiring to provide material support to armed separatist groups in Cameroon and making threatening communications to injure or kidnap Cameroonian civilians.

    “The indictment of Eric Tataw reflects the unwavering commitment of U.S. Immigration and Customs Enforcement’s Homeland Security Investigations to combat transnational crime and pursue justice for victims around the world,” said ICE HSI Baltimore Special Agent in Charge Michael McCarthy. “Although residing in Maryland, Tataw is alleged to have played a significant role in promoting violence and human rights violations in Cameroon by supporting a separatist movement. These groups have been linked to heinous crimes against civilians, and this case highlights how such atrocities can be financed and directed from afar. HSI will continue to pursue those who facilitate violence—no matter where they are located—and I commend the dedicated agents, analysts, and prosecutors who worked tirelessly on this case. Together, we continue to uphold the rule of law — at home and abroad.”

    According to court documents, multiple armed and violent secessionist groups in the Northwest and Southwest regions of Cameroon are fighting to form a new country called “Ambazonia.” The armed separatist groups sought to achieve secession by not only attacking the Cameroonian military, but also intentionally attacking the civilian population in Cameroon to coerce and intimidate the Cameroonian government into allowing these regions to secede. These separatist fighters are frequently referred to as “Amba Boys.”

    As alleged in the indictment, Tataw was a citizen of Cameroon living in Maryland and was a member of the Cameroonian diaspora with a large social media following. Beginning no later than April 2018, Tataw conspired to provide material support and resources — including money, weapons, and personnel — to Amba Boys in Cameroon, and called for the murder, kidnapping, and maiming of Cameroonian civilians. Tataw and his co-conspirators directed the maiming of Cameroonian civilians by severing their limbs, a practice Tataw called “Garriing.” Tataw used the phrase “small Garri” to refer to removing fingers or other small appendages and the phrase “large Garri” to refer to removing large limbs or killing people. Additionally, Tataw referred to himself as the “Garri Master,” or master of mutilation.

    Tataw and his co-conspirators targeted those believed to be working for or collaborating with the government, including municipal officials, traditional chiefs, and employees of the Cameroon Development Corporation, a government-owned company that grew, processed, and sold bananas, palm oil, and rubber. As alleged, Tataw personally wrote hundreds of social media posts on Facebook, YouTube, and Twitter calling for attacks against Cameroonian civilians, seeking to raise funds to arm Amba Boys, and threatening those he viewed as cooperating with the Cameroonian government. These social media posts were regularly viewed by tens of thousands of people, including Amba Boys and their leaders, and were often further disseminated by third parties allegedly acting at Tataw’s direction or encouragement.

    Tataw and his co-conspirators solicited and raised funds to supply Amba Boys with firearms, ammunition, explosive materials, and other equipment for enforcing lockdown or “ghost-town” orders and carrying out violent attacks. A fundraising campaign, known as the “National AK Campaign,” was designed to arm each Amba Boy in Cameroon with an AK-47 rifle. From September 2018 through December 2020, Tataw and his co-conspirators raised more than $110,000. Tataw and co-conspirators transferred portions of these funds — either directly or through intermediaries — to Amba Boys located in Cameroon and neighboring Nigeria. Additionally, Tataw communicated directly with Amba Boy leaders on the ground in Cameroon. Tataw also, on multiple occasions, personally took credit for Amba Boys murdering, kidnapping, and maiming civilians in connection with the separatists’ cause.

    McCarthy announced the indictment with Kelly O. Hayes, U.S. Attorney for the District of Maryland, Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, Sue J. Bai, Head of the Justice Department’s National Security Division.

    Members of the public with information about criminal activity in your community are encouraged to contact the ICE Tip Line at 866-DHS-2-ICE.

    Learn more about HSI Baltimore’s mission to increase public safety in our Maryland communities on X at @HSIBaltimore.

    MIL OSI USA News

  • MIL-OSI: Binah Capital Group Expands Executive Team with Appointment of Industry Veteran Ryan Marcus as Chief Business Development and Engagement Officer

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Binah Capital Group, Inc. (“Binah Capital”) (NASDAQ: BCG), a leading financial services enterprise that owns and operates a network of firms empowering independent financial advisors, today welcomed Ryan Marcus as its new Chief Business Development and Engagement Officer.

    In his new role, Mr. Marcus will work closely with Binah Capital’s broker-dealers, including PKS Investments, Cabot Lodge Securities and World Equity Group, to develop and implement long-term business strategies. He will focus on enhancing market presence, building a unified value proposition and driving sustainable growth across the organization.

    Mr. Marcus brings a strong record of results-driven leadership, strategic growth execution and a deep understanding of the wealth management space. Known for his authentic, relationship-focused approach, Mr. Marcus has built a career around driving engagement and unlocking value for financial services organizations. He most recently served in senior roles at MarketCounsel, where he led business development and client engagement initiatives.

    “Ryan is a rare talent and industry builder who understands how trust, transparency and long-term value are created and maintained,” said Craig Gould, CEO of Binah Capital Group. “His deep relationships and intuitive grasp of the advisor landscape will strengthen our ability to deliver unparalleled support to our partners. We’re thrilled to welcome him as a senior executive at Binah and look forward to working together to execute on our strategic growth plans.”

    “MarketCounsel has been so much more than a job to me—it’s been a huge part of my life for over a decade. My colleagues have become part of my family, and being part of such a powerful brand has been both personally and professionally rewarding,” said Marcus. “Being Brian Hamburger’s right hand and personal friend through so many chapters has been one of the most meaningful and fulfilling experiences. As I take this next step and join the leadership team at Binah Capital Group, I look forward to making just as big of an impact here as I have at MarketCounsel.”

    Mr. Marcus’s hiring signifies a meaningful step forward for Binah Capital as it continues to invest in experienced talent to spearhead innovative growth strategies to further enhance our solutions and services.

    About Binah Capital Group

    Binah Capital Group (“Binah Capital”, “Binah” or the “Company,” is a financial services enterprise that owns and operates a network of industry-leading firms that empower independent financial advisors. As a national broker-dealer aggregator, Binah specializes in delivering value through its innovative hybrid-friendly model, making it an optimal platform for RIAs navigating today’s complex financial landscape. Binah’s portfolio companies are built to help advisors run, manage, and execute commission-based business seamlessly while providing best in class resources to support their advisory practice. We don’t just offer tools—we cultivate partnerships. Binah Capital Group stands alongside RIAs as a trusted ally, delivering the structure, flexibility, and cutting-edge solutions they need to succeed in an increasingly competitive marketplace.

    For more, please visit: www.binahcap.com

    Contact:

    Binah Capital Investor Relations
    ir@binahcap.com

    Binah Capital Public Relations
    media@binahcap.com

    The MIL Network

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 per Share for May 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today a monthly distribution of $0.08 per share for May 2025. This distribution is payable to common stockholders on May 30, 2025 (as outlined in the table below).

    The Company declares distributions on a monthly basis, with its next distribution expected to be declared in early June. Payment of future distributions is subject to the approval of the Company’s Board of Directors, as well as meeting the covenants on the Company’s debt agreements and the terms of its preferred stock.

    Record Date /
    Ex-Date
    Payment Date Distribution Amount Return of Capital
    Estimate
    5/15/25 5/30/25 $0.08 40%(1)

    (1) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. 

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network

  • MIL-OSI Global: US-Ukraine minerals deal looks better for Kyiv than expected – but Trump is an unpredictable partner

    Source: The Conversation – UK – By Andrew Gawthorpe, Lecturer in History and International Studies, Leiden University

    The United States and Ukraine have finally signed a long-awaited agreement on Ukraine’s postwar reconstruction – and, at first reading, the details appear more favourable for Kyiv than many observers expected.

    At the core of the “economic partnership agreement” is the exploitation of Ukraine’s mineral wealth. Ukraine will get access to US investment and technology, and the US will eventually get a share of the profits. The rest will finance the war-torn nation’s recovery if and when a peace agreement is signed with Russia.

    Several aspects of this deal stand out as positive for Ukraine. Unlike in previous drafts, the country retains ownership of its natural resources. All profits are to be invested in Ukraine for ten years after the agreement comes into force.

    Washington can also make its contribution in the form of new military aid, although it will be down to the US president to decide whether or not to do that.

    Earlier in the negotiations, a major sticking point was the demand from the US president, Donald Trump, that the agreement include compensation for past US aid to Ukraine, which he insisted amounted to US$350 billion (£260 billion). Many analysts estimate the figure is closer to US$120 billion.

    Before the deal was signed, Ukraine’s prime minister, Denys Shmyhal, said the deal would “not include assistance provided before its signing”. And the Ukrainian government announcement stated that the new agreement “focuses on further, not past US military assistance”. But when the US treasury secretary, Scott Bessent, spoke to journalists, he described the deal as “compensation” for “the funding and the weapons”.


    Sign up to receive our weekly World Affairs Briefing newsletter from The Conversation UK. Every Thursday we’ll bring you expert analysis of the big stories in international relations.


    Whether Bessent’s statement represents political spin, or whether there is still distance between Washington and Kyiv on this critical point, remains to be seen. The formal text has not been released, and many details remain to be ironed out. Trump can be an erratic negotiator who is prone to sudden changes of direction.

    Indeed, the signing of this agreement is just the latest twist in a broader effort to bring the war in Ukraine to an end – one which probably still has many surprises ahead. Trump appears to be losing patience with what he views as Russia’s refusal to engage with the peace process. Signing the deal may have been intended as a warning to Moscow to get serious about ending the conflict.

    The new agreement reportedly states that the US and Ukraine share a “long-term strategic alignment”. That’s a far cry from Trump’s rhetoric only a few months ago, when he called Ukraine’s president, Vlodomyr Zelensky, a “dictator”“ and blamed Kyiv for starting the war with Russia. But given Trump’s changes of mood, this agreement is unlikely to be the final word on how he views the conflict.

    Despite talk of a long-term strategic alignment, one thing the deal doesn’t contain is any explicit security guarantees for Ukraine. But the White House argues – and other observers hope – that US investment in Ukraine will give the US an implicit stake in the country’s security. That might deter Russia from attacking Ukraine again, out of fear the US would act to protect its investment.

    However, once we move from the realm of politics and security to economics, several glaring flaws in this logic become apparent. They all come down to whether the mineral wealth at the heart of this agreement can be profitably exploited – and, indeed, whether it even exists.

    Is this a game-changing deal?

    The American humorist Mark Twain is said to have once defined a mine as “a hole in the ground owned by a liar”. Assessing the precise scale of underground mineral deposits is notoriously difficult – and not every deposit can be extracted in a profitable fashion.

    In Ukraine, the exploratory work has simply not been done. Even the supposed size of the deposits, which are based on old Soviet surveys conducted in a superficial fashion, is not certain.

    Many of the minerals that supposedly lie under Ukraine’s surface are so called “rare earths”, which are critical to hi-tech supply chains. But they are also expensive and time-consuming to exploit, requiring a massive upfront investment which may eventually be lost. Even in successful cases, it generally takes over a decade to get production onstream.

    Today, there are few rare-earth projects under development anywhere in the world outside China – even in countries that are not current (and possibly future) war zones. Most of Ukraine’s supposed deposits lie in the east of the country in areas vulnerable to Russian attack, making investment risky.

    All of this makes economic partnership agreement of doubtful long-term significance for the broader peace process. The potential gains from it are too hypothetical to make much difference within a meaningful timescale. The deal is unlikely to generate much real economic incentive for the US to defend Ukraine, and so is unlikely to become a new source of military assistance for Kyiv.

    For the Russian president, Vladimir Putin, the deal doesn’t change a lot. While it might indeed be a signal that Trump is running out of patience with Russia, it does little to change the underlying realities of the conflict.

    We can’t rule out the possibility that Trump, as unpredictable as ever, might make a more meaningful commitment to Ukraine in the future, one that changes the course of the war. But – at first glance, certainly – this minerals deal is not it.

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

    ref. US-Ukraine minerals deal looks better for Kyiv than expected – but Trump is an unpredictable partner – https://theconversation.com/us-ukraine-minerals-deal-looks-better-for-kyiv-than-expected-but-trump-is-an-unpredictable-partner-255723

    MIL OSI – Global Reports

  • MIL-OSI: Parker Reports Fiscal 2025 Third Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    CLEVELAND, May 01, 2025 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended March 31, 2025, that included the following highlights (compared with the prior year quarter):

    Fiscal 2025 Third Quarter Highlights:

    • Sales were $5.0 billion; organic sales growth was 1%
    • Net income was $961 million, an increase of 32%, or $904 million adjusted, an increase of 6%
    • EPS were $7.37, an increase of 33%, or $6.94 adjusted, an increase of 7%
    • Segment operating margin was 23.2%, an increase of 170 bps, or 26.3% adjusted, an increase of 160 bps
    • YTD cash flow from operations increased 8% to $2.3 billion, or 15.8% of sales
    • Repurchased $650 million of shares in the quarter

    “Our third quarter performance demonstrates the strength of our business and our global team’s ability to continue to deliver record results,” said Jenny Parmentier, Chairman and Chief Executive Officer. “All reported businesses showed substantial margin expansion and helped us surpass 26% adjusted segment operating margin for the first time. We also produced record earnings per share, generated record cash flow from operations, and repurchased $650 million of shares. We recently announced a 10% increase in our quarterly cash dividend and are committed to our strategy of actively deploying capital to drive shareholder value, including acquisitions and increased share repurchase activity, depending on market conditions.”

    “The resiliency of our portfolio coupled with the power of our business system, The Win Strategy™, has enabled us to consistently deliver strong results through business cycles. With our decentralized structure and the agility of our global teams, we are confident in our ability to manage through macroeconomic uncertainty, including tariffs. We are fully committed to achieving our fiscal year 2029 financial targets.”

    This news release contains non-GAAP financial measures. Reconciliations of adjusted numbers and certain non-GAAP financial measures are included in the financial tables of this press release.

    Outlook

    Guidance for the fiscal year ending June 30, 2025 has been updated. The company expects:

    • Sales growth in fiscal 2025 of approximately (1%), with organic sales growth of approximately 1%; divestitures of (1.5%) and unfavorable currency of (0.5%)
    • Total segment operating margin of approximately 22.7%, or approximately 25.9% on an adjusted basis
    • EPS of $25.92 to $26.12, or $26.60 to $26.80 on an adjusted basis, and includes the effect of announced tariffs fully offset by mitigation actions

    Segment Results

     
    Diversified Industrial Segment
     
    North America Businesses 
    $ in mm FY25 Q3   FY24 Q3   Change   Organic Growth
    Sales $ 2,031     $ 2,231     -9.0 %   -3.5 %
    Segment Operating Income $ 467     $ 490     -4.8 %    
    Segment Operating Margin   23.0 %     22.0 %   100 bps    
    Adjusted Segment Operating Income $ 513     $ 538     -4.8 %    
    Adjusted Segment Operating Margin   25.2 %     24.1 %   110 bps    
                           
    • Achieved record adjusted segment operating margin
    • Softness in transportation, off-highway and energy markets
    • Orders positive for second consecutive quarter
           
    International Businesses
    $ in mm FY25 Q3   FY24 Q3   Change   Organic Growth
    Sales $ 1,358     $ 1,434     -5.3 %   -2.8 %
    Segment Operating Income $ 312     $ 310     0.7 %    
    Segment Operating Margin   23.0 %     21.6 %   140 bps    
    Adjusted Segment Operating Income $ 340     $ 337     1.2 %    
    Adjusted Segment Operating Margin   25.1 %     23.5 %   160 bps    
                           
    • Achieved record adjusted segment operating margin
    • Organic growth: 2% APAC; (7%) EMEA; 8% LA
    • Orders accelerate on long-cycle strength
     
    Aerospace Systems Segment
    $ in mm FY25 Q3   FY24 Q3   Change   Organic Growth
    Sales $ 1,572     $ 1,409     11.6 %   11.7 %
    Segment Operating Income $ 373     $ 289     28.9 %    
    Segment Operating Margin   23.7 %     20.5 %   320 bps    
    Adjusted Segment Operating Income $ 451     $ 376     19.8 %    
    Adjusted Segment Operating Margin   28.7 %     26.7 %   200 bps    
                           
    • Achieved record sales on continued aftermarket strength
    • Delivered record adjusted segment operating margin
    • Aerospace backlog increased to a record $7.3 billion
       
    Order Rates
       
      FY25 Q3
    Parker +9 %
    Diversified Industrial Segment – North America Businesses +3 %
    Diversified Industrial Segment – International Businesses +11 %
    Aerospace Systems Segment +14 %
         
    • Parker order rates increased to 9% reflecting our transformed portfolio and long-cycle strength
    • Aerospace orders increased to 14% driven by strength in both commercial and defense
    • Orders remained positive across all reported businesses

    About Parker Hannifin
    Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.

    Contacts:  
    Media: Financial Analysts:
    Aidan Gormley Jeff Miller
    216-896-3258 216-896-2708
    aidan.gormley@parker.com jeffrey.miller@parker.com
       
       

    Notice of Webcast
    Parker Hannifin’s conference call and slide presentation to discuss its fiscal 2025 third quarter results are available to all interested parties via live webcast today at 11:00 a.m. ET, at investors.parker.com. A replay of the webcast will be available on the site approximately one hour after the completion of the call and will remain available for one year. To register for e-mail notification of future events please visit investors.parker.com.

    Note on Orders The company reported orders for the quarter ending March 31, 2025, compared with the same quarter a year ago. All comparisons are at constant currency exchange rates, with the prior year quarter restated to the current-year rates, and exclude divestitures. Diversified Industrial comparisons are on 3-month average computations and Aerospace Systems comparisons are on rolling 12-month average computations.

    Note on Non-GAAP Financial Measures
    This press release contains references to non-GAAP financial information including (a) adjusted net income; (b) adjusted earnings per share; (c) adjusted segment operating margin for Parker and by segment; (d) adjusted segment operating income for Parker and by segment and (e) organic sales growth. The adjusted net income, adjusted earnings per share, adjusted segment operating margin, adjusted segment operating income and organic sales measures are presented to allow investors and the company to meaningfully evaluate changes in net income, earnings per share and segment operating margins on a comparable basis from period to period. Although adjusted net income, adjusted earnings per share, adjusted segment operating margin, adjusted segment operating income, and organic sales growth are not measures of performance calculated in accordance with GAAP, we believe that they are useful to an investor in evaluating the results of this quarter versus the prior period. Comparable descriptions of record adjusted results in this release refer only to the period from the first quarter of FY2011 to the periods presented in this release. This period coincides with recast historical financial results provided in association with our FY2014 change in segment reporting. A reconciliation of non-GAAP measures is included in the financial tables of this press release.

    Forward-Looking Statements
    Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and may also include statements regarding future performance, orders, earnings projections, events or developments. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance may differ materially from expectations, including those based on past performance.

    Among other factors that may affect future performance are: changes in business relationships with and orders by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms, changes in contract costs and revenue estimates for new development programs; changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions; ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination and ability to successfully undertake business realignment activities and the expected costs, including cost savings, thereof; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and other government actions, including related to environmental protection, and associated compliance costs; supply chain and labor disruptions, including as a result of tariffs and labor shortages; threats associated with international conflicts and cybersecurity risks and risks associated with protecting our intellectual property; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; effects on market conditions, including sales and pricing, resulting from global reactions to U.S. trade policies; manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and economic conditions such as inflation, deflation, interest rates and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in the tax laws in the United States and foreign jurisdictions and judicial or regulatory interpretations thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should also consider forward-looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and other periodic filings made with the SEC.

     
    CONSOLIDATED STATEMENT OF INCOME
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands, except per share amounts)   2025       2024       2025       2024  
    Net sales $ 4,960,349     $ 5,074,356     $ 14,606,926     $ 14,742,791  
    Cost of sales   3,129,951       3,279,650       9,249,899       9,478,961  
    Selling, general and administrative expenses   784,355       816,337       2,415,565       2,496,830  
    Interest expense   95,942       123,732       309,835       387,229  
    Other income, net   (44,713 )     (65,406 )     (404,230 )     (228,872 )
    Income before income taxes   994,814       920,043       3,035,857       2,608,643  
    Income taxes   33,628       193,309       427,494       548,780  
    Net income   961,186       726,734       2,608,363       2,059,863  
    Less: Noncontrolling interests   320       160       535       611  
    Net income attributable to common shareholders $ 960,866     $ 726,574     $ 2,607,828     $ 2,059,252  
                   
    Earnings per share attributable to common shareholders:              
    Basic earnings per share $ 7.48     $ 5.65     $ 20.28     $ 16.03  
    Diluted earnings per share $ 7.37     $ 5.56     $ 19.97     $ 15.82  
                   
    Average shares outstanding during period – Basic   128,442,623       128,502,829       128,619,515       128,467,209  
    Average shares outstanding during period – Diluted   130,320,802       130,593,026       130,576,225       130,169,331  
                   
                   
    CASH DIVIDENDS PER COMMON SHARE              
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Amounts in dollars)   2025       2024       2025       2024  
    Cash dividends per common share $ 1.63     $ 1.48     $ 4.89     $ 4.44  
                   
                   
     
    RECONCILIATION OF ORGANIC GROWTH
     
    (Unaudited) Three Months Ended
      As Reported           Adjusted
      March 31, 2025   Currency   Divestitures   March 31, 2025
    Diversified Industrial Segment (7.6 )%   (1.5 )%   (2.9 )%   (3.2 )%
    Aerospace Systems Segment 11.6 %   (0.1 )%   %   11.7 %
    Total (2.2 )%   (1.0 )%   (2.1 )%   0.9 %
                   
    (Unaudited) Nine Months Ended
      As Reported           Adjusted
      March 31, 2025   Currency   Divestitures   March 31, 2025
    Diversified Industrial Segment (6.5 )%   (1.0 )%   (1.7 )%   (3.8 )%
    Aerospace Systems Segment 14.3 %   0.1 %   %   14.2 %
    Total (0.9 )%   (0.7 )%   (1.2 )%   1.0 %
                     
                     
     
    RECONCILIATION OF NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS TO ADJUSTED NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Net income attributable to common shareholders $ 960,866     $ 726,574     $ 2,607,828     $ 2,059,252  
    Adjustments:              
    Acquired intangible asset amortization expense   135,964       141,216       414,211       438,763  
    Business realignment charges   10,379       8,468       40,740       35,914  
    Integration costs to achieve   5,447       13,256       18,751       29,676  
    Gain on sale of building               (10,461 )      
    Gain on divestitures               (249,748 )     (25,651 )
    Saegertown incident   7,725             7,725        
    Tax effect of adjustments1   (36,689 )     (38,779 )     (82,337 )     (108,403 )
    Discrete tax benefit2   (179,849 )           (179,849 )      
    Adjusted net income attributable to common shareholders $ 903,843     $ 850,735     $ 2,566,860     $ 2,429,551  
                   
                   
     
    RECONCILIATION OF EARNINGS PER DILUTED SHARE TO ADJUSTED EARNINGS PER DILUTED SHARE
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Amounts in dollars)   2025       2024       2025       2024  
    Earnings per diluted share $ 7.37     $ 5.56     $ 19.97     $ 15.82  
    Adjustments:              
    Acquired intangible asset amortization expense   1.04       1.08       3.17       3.36  
    Business realignment charges   0.08       0.06       0.31       0.27  
    Integration costs to achieve   0.04       0.10       0.14       0.23  
    Gain on sale of building               (0.08 )      
    Gain on divestitures               (1.91 )     (0.20 )
    Saegertown incident   0.06             0.06        
    Tax effect of adjustments1   (0.28 )     (0.29 )     (0.61 )     (0.82 )
    Discrete tax benefit2   (1.37 )           (1.37 )      
    Adjusted earnings per diluted share $ 6.94     $ 6.51     $ 19.68     $ 18.66  
                   
    This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.
    Release of a tax valuation allowance.
     
     
    BUSINESS SEGMENT INFORMATION
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025     2024       2025       2024  
    Net sales              
    Diversified Industrial $ 3,388,759   $ 3,665,643     $ 10,097,723     $ 10,798,644  
    Aerospace Systems   1,571,590     1,408,713       4,509,203       3,944,147  
    Total net sales $ 4,960,349   $ 5,074,356     $ 14,606,926     $ 14,742,791  
    Segment operating income              
    Diversified Industrial $ 779,103   $ 800,211     $ 2,273,211     $ 2,359,299  
    Aerospace Systems   372,908     289,339       1,034,078       778,711  
    Total segment operating income   1,152,011     1,089,550       3,307,289       3,138,010  
    Corporate general and administrative expenses   43,698     56,782       148,756       162,340  
    Income before interest expense and other expense (income), net   1,108,313     1,032,768       3,158,533       2,975,670  
    Interest expense   95,942     123,732       309,835       387,229  
    Other expense (income), net   17,557     (11,007 )     (187,159 )     (20,202 )
    Income before income taxes $ 994,814   $ 920,043     $ 3,035,857     $ 2,608,643  
                   
                   
     
    RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Diversified Industrial Segment sales $ 3,388,759     $ 3,665,643     $ 10,097,723     $ 10,798,644  
                   
    Diversified Industrial Segment operating income $ 779,103     $ 800,211     $ 2,273,211     $ 2,359,299  
    Adjustments:              
    Acquired intangible asset amortization   61,600       66,409       189,434       201,669  
    Business realignment charges   10,249       6,953       38,492       32,877  
    Integration costs to achieve   2,072       1,292       3,477       3,302  
    Adjusted Diversified Industrial Segment operating income $ 853,024     $ 874,865     $ 2,504,614     $ 2,597,147  
                   
    Diversified Industrial Segment operating margin   23.0 %     21.8 %     22.5 %     21.8 %
    Adjusted Diversified Industrial Segment operating margin   25.2 %     23.9 %     24.8 %     24.1 %
                   
                   
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Aerospace Systems Segment sales $ 1,571,590     $ 1,408,713     $ 4,509,203     $ 3,944,147  
                   
    Aerospace Systems Segment operating income $ 372,908     $ 289,339     $ 1,034,078     $ 778,711  
    Adjustments:              
    Acquired intangible asset amortization   74,364       74,807       224,777       237,094  
    Business realignment charges   35       (12 )     429       318  
    Integration costs to achieve   3,375       11,964       15,274       26,374  
    Adjusted Aerospace Systems Segment operating income $ 450,682     $ 376,098     $ 1,274,558     $ 1,042,497  
                   
    Aerospace Systems Segment operating margin   23.7 %     20.5 %     22.9 %     19.7 %
    Adjusted Aerospace Systems Segment operating margin   28.7 %     26.7 %     28.3 %     26.4 %
                   
           
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Total net sales $ 4,960,349     $ 5,074,356     $ 14,606,926     $ 14,742,791  
                   
    Total segment operating income $ 1,152,011     $ 1,089,550     $ 3,307,289     $ 3,138,010  
    Adjustments:              
    Acquired intangible asset amortization   135,964       141,216       414,211       438,763  
    Business realignment charges   10,284       6,941       38,921       33,195  
    Integration costs to achieve   5,447       13,256       18,751       29,676  
    Adjusted total segment operating income $ 1,303,706     $ 1,250,963     $ 3,779,172     $ 3,639,644  
                   
    Total segment operating margin   23.2 %     21.5 %     22.6 %     21.3 %
    Adjusted total segment operating margin   26.3 %     24.7 %     25.9 %     24.7 %
                                   
                                   
     
    CONSOLIDATED BALANCE SHEET
     
    (Unaudited) March 31,   June 30,
    (Dollars in thousands)   2025     2024
    Assets      
    Current assets:      
    Cash and cash equivalents $ 408,735   $ 422,027
    Trade accounts receivable, net   2,852,833     2,865,546
    Non-trade and notes receivable   281,789     331,429
    Inventories   2,822,547     2,786,800
    Prepaid expenses   253,436     252,618
    Other current assets   157,800     140,204
    Total current assets   6,777,140     6,798,624
    Property, plant and equipment, net   2,821,566     2,875,668
    Deferred income taxes   271,431     92,704
    Investments and other assets   1,215,201     1,207,232
    Intangible assets, net   7,370,524     7,816,181
    Goodwill   10,461,946     10,507,433
    Total assets $ 28,917,808   $ 29,297,842
           
    Liabilities and equity      
    Current liabilities:      
    Notes payable and long-term debt payable within one year $ 1,951,543   $ 3,403,065
    Accounts payable, trade   1,980,967     1,991,639
    Accrued payrolls and other compensation   473,725     581,251
    Accrued domestic and foreign taxes   356,506     354,659
    Other accrued liabilities   851,725     982,695
    Total current liabilities   5,614,466     7,313,309
    Long-term debt   7,421,370     7,157,034
    Pensions and other postretirement benefits   389,891     437,490
    Deferred income taxes   1,399,612     1,583,923
    Other liabilities   692,644     725,193
    Shareholders’ equity   13,390,974     12,071,972
    Noncontrolling interests   8,851     8,921
    Total liabilities and equity $ 28,917,808   $ 29,297,842
           
           
     
    CONSOLIDATED STATEMENT OF CASH FLOWS
     
      Nine Months Ended
    (Unaudited) March 31,
    (Dollars in thousands)   2025       2024  
    Cash flows from operating activities:      
    Net income $ 2,608,363     $ 2,059,863  
    Depreciation and amortization   677,665       696,463  
    Stock incentive plan compensation   129,766       128,682  
    Gain on sale of businesses   (253,043 )     (23,667 )
    (Gain) loss on property, plant and equipment and intangible assets   (8,531 )     5,847  
    Net change in receivables, inventories and trade payables   (101,351 )     (244,268 )
    Net change in other assets and liabilities   (514,937 )     (427,509 )
    Other, net   (229,171 )     (48,334 )
    Net cash provided by operating activities   2,308,761       2,147,077  
    Cash flows from investing activities:      
    Capital expenditures   (304,153 )     (283,328 )
    Proceeds from property, plant and equipment   31,871       8,905  
    Proceeds from sale of businesses   622,697       75,561  
    Other, net   (5,745 )     4,561  
    Net cash provided by (used in) investing activities   344,670       (194,301 )
    Cash flows from financing activities:      
    Net payments for common stock activity   (856,925 )     (237,689 )
    Acquisition of noncontrolling interests         (2,883 )
    Net payments for debt   (1,193,952 )     (1,193,373 )
    Dividends paid   (630,168 )     (571,583 )
    Net cash used in financing activities   (2,681,045 )     (2,005,528 )
    Effect of exchange rate changes on cash   14,322       (16,946 )
    Net decrease in cash and cash equivalents   (13,292 )     (69,698 )
    Cash and cash equivalents at beginning of year   422,027       475,182  
    Cash and cash equivalents at end of period $ 408,735     $ 405,484  
           
           
    RECONCILIATION OF FORECASTED ORGANIC GROWTH  
    (Unaudited)  
    (Amounts in percentages) Fiscal Year 2025
    Forecasted net sales ~ (1%)
    Adjustments:  
    Currency 0.5%
    Divestitures 1.5%
    Adjusted forecasted net sales ~ 1%
       
       
    RECONCILIATION OF FORECASTED SEGMENT OPERATING MARGIN TO ADJUSTED FORECASTED SEGMENT OPERATING MARGIN
       
    (Unaudited)  
    (Amounts in percentages) Fiscal Year 2025
    Forecasted segment operating margin ~ 22.7%
    Adjustments:  
    Business realignment charges 0.3%
    Costs to achieve 0.1%
    Acquisition-related intangible asset amortization expense 2.8%
    Adjusted forecasted segment operating margin ~ 25.9%
       
     
       
    RECONCILIATION OF FORECASTED EARNINGS PER DILUTED SHARE TO ADJUSTED FORECASTED EARNINGS PER DILUTED SHARE
       
    (Unaudited)  
    (Amounts in dollars) Fiscal Year 2025
    Forecasted earnings per diluted share $25.92 to $26.12
    Adjustments:  
    Business realignment charges 0.47
    Costs to achieve 0.17
    Acquisition-related intangible asset amortization expense 4.22
    Net gain on divestitures (1.91)
    Gain on sale of building (0.08)
    Saegertown incident 0.06
    Tax effect of adjustments1 (0.88)
    Discrete tax benefit2 (1.37)
    Adjusted forecasted earnings per diluted share $26.60 to $26.80
       
    This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.
       
    Release of a tax valuation allowance.  
       
    Note: Totals may not foot due to rounding
     
     
    SUPPLEMENTAL INFORMATION
     
    BUSINESS SEGMENT INFORMATION
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025     2024     2025     2024
    Net sales              
    Diversified Industrial:              
    North America businesses $ 2,030,970   $ 2,231,478   $ 6,059,302   $ 6,571,587
    International businesses   1,357,789     1,434,165     4,038,421     4,227,057
                   
    Segment operating income              
    Diversified Industrial:              
    North America businesses $ 467,064   $ 490,452   $ 1,378,194   $ 1,458,355
    International businesses   312,039     309,759     895,017     900,944
                           
                           
       
    RECONCILIATION OF ORGANIC GROWTH
       
    (Unaudited) Three Months Ended
      As Reported             Adjusted
      March 31, 2025   Currency     Divestitures   March 31, 2025
    Diversified Industrial Segment:                
    North America businesses (9.0 )%   (0.8 )%   (4.7 )%   (3.5 )%
    International businesses:                
    Europe (8.6 )%   (1.7 )%   %   (6.9 )%
    Asia Pacific (0.8 )%   (3.0 )%   %   2.2 %
    Latin America (0.2 )%   (8.1 )%   %   7.9 %
    International businesses (5.3 )%   (2.5 )%   %   (2.8 )%
                     
    (Unaudited) Nine Months Ended
      As Reported             Adjusted
      March 31, 2025   Currency     Divestitures   March 31, 2025
    Diversified Industrial Segment:                
    North America businesses (7.8 )%   (0.6 )%   (2.7 )%   (4.5 )%
    International businesses:                
    Europe (8.1 )%   (0.4 )%   %   (7.7 )%
    Asia Pacific 0.8 %   (1.9 )%   %   2.7 %
    Latin America (3.3 )%   (13.9 )%   %   10.6 %
    International businesses (4.5 )%   (1.8 )%   %   (2.7 )%
                       
                       
     
    RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Diversified Industrial Segment:              
    North America businesses sales $ 2,030,970     $ 2,231,478     $ 6,059,302     $ 6,571,587  
                   
    North America businesses operating income $ 467,064     $ 490,452     $ 1,378,194     $ 1,458,355  
    Adjustments:              
    Acquired intangible asset amortization   40,209       43,945       124,169       133,327  
    Business realignment charges   4,218       3,058       13,106       8,892  
    Integration costs to achieve   1,038       841       2,088       2,348  
    Adjusted North America businesses operating income $ 512,529     $ 538,296     $ 1,517,557     $ 1,602,922  
                   
    North America businesses operating margin   23.0 %     22.0 %     22.7 %     22.2 %
    Adjusted North America businesses operating margin   25.2 %     24.1 %     25.0 %     24.4 %
                   
           
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Diversified Industrial Segment:              
    International businesses sales $ 1,357,789     $ 1,434,165     $ 4,038,421     $ 4,227,057  
                   
    International businesses operating income $ 312,039     $ 309,759     $ 895,017     $ 900,944  
    Adjustments:              
    Acquired intangible asset amortization   21,391       22,464       65,265       68,342  
    Business realignment charges   6,031       3,895       25,386       23,985  
    Integration costs to achieve   1,034       451       1,389       954  
    Adjusted International businesses operating income $ 340,495     $ 336,569     $ 987,057     $ 994,225  
                   
    International businesses operating margin   23.0 %     21.6 %     22.2 %     21.3 %
    Adjusted International businesses operating margin   25.1 %     23.5 %     24.4 %     23.5 %
                                   

    The MIL Network

  • MIL-OSI: Aquaron Announces Postponement of Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    Meeting to Now be Held on Tuesday, May 6, 2025 at 11:00 a.m. Via Live Audio Webcast

    NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Aquaron Acquisition Corp. (“Aquaron” or the “Company”) (OTCMKTS: AQUC), a publicly traded special purpose acquisition company, today announced that its Annual Meeting of Stockholders (the “Annual Meeting”), originally scheduled for Friday, May 2, 2025 at 11:00 a.m. (Eastern Time), has been postponed. The Annual Meeting is now scheduled to be held on Tuesday, May 6, 2025 at 11:00 a.m. (Eastern Time) and will still be held virtually via live audio webcast at www.cleartrustonline.com/aqu. 

    The record date for the Annual Meeting, April 2, 2025, remains unchanged and applies to the postponed Annual Meeting.

    The Annual Meeting has been postponed allowing for further time to solicit proxies from the Company’s stockholders and provide stockholders with additional time to vote in order to facilitate broader participation.

    Stockholders who have already cast their votes do not need to take any action, unless they wish to change or revoke their prior proxy or voting instructions, and their votes will be counted at the postponed Annual Meeting. For stockholders who have not yet cast their votes, we urge them to vote their shares now, so they can be tabulated prior to the postponed Annual Meeting.

    The Company’s board of directors unanimously recommends that you vote FOR the proposals identified in the Company’s Definitive Proxy Statement for the Annual Meeting.

    Important Additional Information

    Information with respect to the proposals to be considered at the Annual Meeting and instructions on how to vote can be found in the Definitive Proxy Statement filed by the Company with the U.S. Securities and Exchange Commission on April 14, 2025 with respect to the Annual Meeting. STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION. Stockholders may obtain a copy of the Proxy Statement at the SEC’s web site www.sec.gov.

    If a stockholder has any questions about submitting a proxy or requires assistance, please contact Aquaron proxy solicitor, ClearTrust, at 813.235.4490 (call collect), or by sending an email to inbox@cleartrusttransfer.com.

    Whether or not stockholders plan to attend the postponed Annual Meeting online, we urge you to vote your shares as described in the Definitive Proxy Statement for the Annual Meeting. It is important that every stockholder’s shares be represented at the Annual Meeting regardless of the number of shares held. The Company urges stockholders to please consider the issues presented in the Definitive Proxy Statement for the Annual Meeting and promptly vote the stockholder’s shares to ensure that such shares are represented at the Annual Meeting. Submitting a proxy now will not prevent a stockholder from voting the stockholder’s shares at the postponed Annual Meeting if the stockholder desires to do so, as a proxy is revocable at the stockholder’s option.

    About Aquaron

    Aquaron is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

    Forward-Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    Yi Zhou
    yizhou@aquaroncorp.com
    Aquaron Acquisition Corp.

    The MIL Network

  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Racial Discrimination Commend Mauritius on Intercontinental Slavery Museum, Raise Questions on Mandatory HIV Testing for Migrant Workers and the Treatment of the Chagossian People

    Source: United Nations – Geneva

    The Committee on the Elimination of Racial Discrimination today concluded its consideration of the combined twenty-fourth and twenty-fifth periodic reports of Mauritius, with Committee Experts commending the State on the Intercontinental Slavery Museum, while raising questions on mandatory HIV testing for migrant workers, and the treatment of the Chagossian people.

    Pela Boker Wilson, Committee Expert and Country Rapporteur, said the Committee commended the State party for the 20 October 2020 official launch of the Intercontinental Slavery Museum under the theme “breaking the silence”, to remember the suffering, resilience and struggle for freedom of the forefathers, and to honour interculturality and promote remembrance and reconciliation.

    Chrispine Gwalawala Sibande, Committee Expert and Country Co-Rapporteur, said Mauritius still applied HIV related restrictions on the entry, stay and residence of non-nationals, with migrant workers being required to provide evidence of their negative HIV status to qualify for work and residence permits.  Would the delegation clarify reports that Mauritius required HIV testing for any residency permit longer than 90 days, and applicants were denied on the basis of HIV status?  What had the Government done to make sure it did not violate the rights of people, especially migrants, on the basis of HIV status?  What were the plans to reform the HIV/AIDS and immigration laws in Mauritius? 

    Ms. Boker Wilson also asked what steps the State party had taken to ensure the rights of the Chagossian people in negotiations with the United Kingdom’s Government?  Another Committee Expert said the Chagossian people had suffered a harm that had been significant.  They were due reparations and restitutions and needed to be involved in these negotiations.  Those who were descendants of a system of enslavement enforced on people in Mauritius were victims of a harm which needed to be repaired.  It was important to look at best practice examples from other countries. Had there been restitutions for the Chagossian people who had been disadvantaged? 

    Introducing the report, Gavin Patrick Cyril Glover S.C, Attorney General of Mauritius and head of the delegation, said the Government Programme 2025–2029 announced the setting up of a Constitutional Review Commission to make recommendations on constitutional and electoral reforms. The work of the Commission would also address several issues of direct relevance to the Committee’s concerns, including the future of the Best Loser System, the use of Kreol as a parliamentary language, and broader questions of equality and representation in Mauritian institutions.  He concluded by stating that Mauritius reaffirmed its deep commitment to the Convention and looked forward to a constructive exchange. 

    Mr. Glover, responding to questions, said all migrant workers had to comply with the law and present a HIV negative test result before being granted access to the country.  If a test was positive, they were not allowed to work and had to leave the country.  For those who contracted the disease in the country, they received the same treatment as nationals, regardless of their origin.  There were currently 60 foreign workers receiving treatment for HIV/AIDS. There was no discrimination when this test was applied; it was applied across the board, wherever you came from. It was implemented as a public health policy by the Government, due to Mauritius’ small size.  Unfortunately for the time being, this would stay in place. 

    Mr. Glover said since 1999, the Chagossians welfare fund act was established.  Dedicated educational support, including scholarships, and healthcare programmes were also provided, and the State conducted regular visits to the communities. The Government remained firmly committed to the resettlement of the Chagossians in the Chagos Archipelago and ensuring the full human rights of this group.  Mauritius was in the process of finalising with Great Britain the return of the Chagos Archipelago.  It was expected that the terms would result in a positive outcome. 

    In concluding remarks, Ms. Boker Wilson extended sincere thanks and appreciation to the delegation for the interactive dialogue. The delegation had delivered on its pledge to ensure openness and accountability, and the State party’s commitment to continuity was appreciated. 

    Mr. Glover, in his concluding remarks, extended thanks for the dialogue which had taken place.  Mauritius viewed this exchange as an opportunity to reflect openly and recommit the State to the principles of the Convention.  History left long shadows, but Mauritius believed that progress was possible.  The State was committed to achieving unity, dignity and justice for all.   

    The delegation of Mauritius consisted of representatives of the Attorney General’s Office; the Ministry of Foreign Affairs, Regional Integration and International Trade; and the Permanent Mission of Mauritius to the United Nations Office at Geneva.

    The Committee will issue its concluding observations on the report of Mauritius after the conclusion of its one hundred and fifteenth session on 9 May 2025.  The programme of work and other documents related to the session can be found here. Summaries of the public meetings of the Committee can be found here, while webcasts of the public meetings can be found here.

    The Committee will next meet in public on Tuesday, 29 April at 3.p.m to review the combined twentieth to twenty-second periodic reports of the Republic of Korea (CERD/C/KOR/20-22).

    Report

    The Committee has before it the combined twenty-fourth and twenty-fifth periodic reports of Mauritius (CERD/C/MUS/24-25).

    Presentation of Report

    BRIAN NEIL JOSEPH GLOVER, Permanent Representative of Mauritius to the United Nations Office at Geneva, expressed appreciation to the Committee for allowing the dialogue to take place in a hybrid format. He then introduced the delegation of Mauritius.

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said that since the combined report was submitted in July 2021, several developments had affected the application of the Convention in Mauritius.  In retrospect, Mauritius recognised that paragraphs 4 and 5 of the report should have engaged more meaningfully with the concerns of the Committee; this approach had been reassessed and today the State was committed to more openness and accountability.  In November 2024, a new government was elected with a vision which included a renewed commitment to human rights.  During the dialogue, the State would aim neither to disown the past nor engage in political blame, but would reaffirm Mauritius’ enduring commitment to the Convention. 

    Some of the issues relating to disaggregated data, ethnic identification, and racial disparities were deeply complex and sensitive in Mauritius.  It was a proudly diverse society, but also one shaped by a painful history of division.  Against this backdrop, classifying individuals along ethnic lines remained politically sensitive and socially divisive.  However, the State accepted that the absence of such data must not become an excuse for blindness to discrimination.  Mauritius welcomed the guidance of the Committee to chart a path forward that was principled and mindful of the national context.  To mark the sixtieth anniversary of the Convention, it was being translated by the Government into Kreol Morisien for public dissemination.

    The Government Programme 2025–2029 announced the setting up of a Constitutional Review Commission to make recommendations on constitutional and electoral reforms.  The work of the Commission would also address several issues of direct relevance to the Committee’s concerns, including the future of the Best Loser System, the use of Kreol as a parliamentary language, and broader questions of equality and representation in Mauritian institutions.  Since the submission of the report, Mauritius had enacted several important legislative reforms, including the private recruitment agencies act 2023; the combatting of trafficking in persons (amendment) act 2023; the immigration act 2022; the protection and promotion of the rights of persons with disabilities act 2024; and a gender equality commission bill. 

    The Best Loser System continued to operate within Mauritius’ electoral framework. 

    Following the 2024 general elections, and with the operation of the Best Loser System, the National Assembly now comprised of 36 members from the Hindu community, nine members from the Muslim community, two members from the Sino-Mauritian community, 19 members from the general population, and one non-elected member.  Many civil society groups had called for the abolition of community-based classifications, while others urged updating the census, believing that the Best Loser System could still offer an important safeguard for minorities.

    Navigating this dilemma would be one of the challenges that the Constitutional Review Commission would be called to address. 

    The Government of Mauritius remained strongly committed to implementing a resettlement plan in the Chagos Archipelago and supported the aspirations of Chagossians, as Mauritian citizens, to be able to resettle in the Chagos Archipelago if they wished.  An amount of Rs 50 million had been earmarked for 2024-2025 for visits to be undertaken to the Chagos Archipelago as groundwork for a proper resettlement.  In Mauritius, out of a population of 1,233,097, Kreol was the language habitually spoken by 968,952 persons.  Regarding the use of Kreol in Parliament, meetings were being organised with a view to looking into the practical hurdles that needed to be cleared before introducing the Kreol Morisien language in the National Assembly. 

    A new public website would shortly offer free access to updated legislation and all international treaties binding Mauritius, including the Convention.  The State’s legislation criminalised hate speech and incitement to racial or religious hatred. Human rights education remained a national priority, and the National Human Rights Commission conducted workshops and collaborated with civil society to promote equality.  Sensitisation campaigns targeted both youth and the wider public, including the distribution of the Universal Declaration of Human Rights in Kreol Morisien.  Mr. Glover concluded by stating that Mauritius reaffirmed its deep commitment to the Convention and looked forward to a constructive exchange. 

    MICHAL BALCERZAK, Committee Chair thanked the delegation for the invaluable contribution of Committee Expert Yeung Sik Yuen Yeung Kam John, from Mauritius. 

    Questions by a Committee Expert

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, said 

    regrettably, the Committee noted the State party’s persistent position that the collection of data disaggregated by ethnicity ran contrary to national unity and the fostering of a rainbow nation.  The Committee recognised the State’s priorities in promoting national unity.  The State party was encouraged to meet its obligation of collecting and publishing data disaggregated by grounds of discrimination, recognised in international human rights law.  Notwithstanding this position, could the State party share how the rights guaranteed under the Convention were being enjoyed by the various ethnic groups, including the Creoles, Chagossians and Ilois? What steps had Mauritius taken to collect and evaluate socio-economic indicators across various ethnic minorities to develop evidence-based socio-economic policies?  Could information be provided on the composition of the population in respect of non-nationals such as migrants, refugees, asylum seekers and stateless persons disaggregated by residence status, sex and age?

    Had the State party taken any action, in the form of training or awareness raising, on anti-discrimination for magistrates, judges, prosecutors and police to further the application of the Convention by domestic courts?  Had there been any steps by the State party to enact comprehensive anti-discrimination legislation as a means of ensuring that victims had access remedies for discrimination?  Could examples be provided of cases in which the Convention had been directly applied by judges, or invoked before the courts? 

    The Committee had requested the State party to hold countrywide consultations to bring about a change of the existing classification of groups, including in the Constitution, giving due account to the principle of self-identification and the Committee’s general recommendation no. 8 (1990) concerning the interpretation and application of article 1 (1) and (4) of the Convention.  Had such consultations been held? 

    Could information be provided regarding awareness-raising campaigns and educational programmes aimed at showcasing the contribution of each ethnic group to the development of the State party’s society? Did the State party have updated information on the preparation of a human rights action plan for the period 2024-2030? What measures had the State party undertaken to implement a comprehensive strategy and national action plan to combat racism, racial discrimination, intolerance, and any manifestation of racial or caste-based superiority?

    The Committee encouraged the State party to give due consideration to revising the equal opportunities act, with a view to include language among the prohibited grounds of discrimination, and to introduce a legal provision on special measures aimed at accelerating the full and equal enjoyment of rights by disadvantaged groups.  Could the State party provide information on the overall implementation of the act?  What claims had been filed under it and what effects had it had? 

    Had the State party undertaken efforts at ensuring its recommendation regarding the jurisdiction of the Equal Opportunities Commission to investigate complaints against civil servants, and the handing down of sanctions commensurate with the gravity of the offences?  How was the development of the land division dealing with land dispossession and ownership claims?  What impact had the recent changes to the law against human trafficking had on the fight against human trafficking in Mauritius? 

    What efforts had been undertaken to ensure that the Criminal Code and other relevant legislation prohibited and punished racist hate speech, as well as organizations that promoted and incited racial discrimination?  Were there updated statistics on complaints registered with the courts or any other national institution for acts of racial discrimination, racist hate speech and racist hate crimes, including over the Internet and through the media?

    The Committee commended the State party for the 20 October 2020 official launch of the Intercontinental Slavery Museum under the theme “breaking the silence”, to remember the suffering, resilience and struggle for freedom of the forefathers, and to honour interculturality and promote remembrance and reconciliation.  Could information be provided on the implementation of other recommendations of the Truth and Justice Commission relating to land dispossession and ownership claims?  What had the Truth and Justice Commission done to investigate and respond to the lingering effects of colonialism and the slave trade in Mauritius?  What other measures was the State party considering that could address the racial disparities and legacies of colonialism and the slave trade?

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said it was regretful that the Equal Opportunities Commission had not been a model of what it could be. The State took the suggestion of the inclusion of language as a possible segment of discrimination very seriously. Primary and secondary education was free in Mauritius and all students were taught English and French, whatever their economic and social background.  No one was left behind, but it was recognised that those falling out of the system needed to be helped.  It was possible that an amendment could be introduced to cater to those who slipped through the net. 

    Based on a population census in 2020, there were more than 1.2 million people living in the Republic of Mauritius, with the majority being of Mauritian nationality.  Around 40 per cent of those had reported their religion as Hindu; 32 per cent had reported their religion as Christian, 18 per cent had reported their religion as Muslim; and the remaining identified as “other” or did not supply the religion.  Some 79 per cent of the population spoke Kreol at home. 

    Statistics regarding the prison population were difficult to pinpoint, given the movement of people within the prison system.  Information on ethnic origin was not collected, but information on religion and citizenship was provided.  As of April 2025, the Mauritian prison system housed 2,858 detainees, with 60 per cent being Roman Catholic.  Foreign nationals represented 9.7 per cent of the prison population.  As of January 2025, there were more than 48,000 migrant workers in Mauritius with valid work permits, working across various sectors, including manufacturing, retail and trade, among others.  There were no reported cases of stateless persons in Mauritius.

    Questions by Committee Experts

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, asked what the delegation meant about the movement of the detained persons; could this be clarified?

    The attention of the Committee was drawn to the vagrancy act of 1867, which criminalised individuals who lacked a fixed residence, means of subsistence, or regular employment.  There had been reports that the history of the law was related to colonialist and racist efforts that controlled the movement of Indian labourers, referencing a historical event where thousands of Indians were reportedly imprisoned under brutal conditions.  Did the State party have plans to repeal this act? 

    There had also been reports that the morality clauses in article 6 of the immigration act were rooted in colonial-era mentalities, and could have a disproportionate and discriminatory impact on minorities.  Had Mauritius investigated this?  Article 5 of the immigration act banned individuals with infectious, contagious, or communicable diseases.  This could encompass HIV/AIDS, which disproportionately affected marginalised groups.  Had Mauritius investigated this?

    A Committee Expert asked if the racial tensions in the country had disappeared?  What had caused more harmonious relations? 

    Another Expert asked what percentage of descendants of slavery were a part of the Mauritian population today? 

    A Committee Expert said the Truth and Justice Commission addressed the issue of land confiscation; what results had been achieved by the court set up to address these cases?  Was the State certain that when it revoked the citizenship of a person, they would not become stateless?

    An Expert said Mauritius had unfortunately experienced the effects of British colonisation, and English people were still present within the country.  The people were waiting for Mauritius to be liberated from the British presence. Mauritius had the resources to help Africa to emerge from the long colonial night of slavery. 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said Mauritius was fully committed to complete the decolonisation process of Africa, for those in the Chagos Archipelago, and it was hoped that this would become a reality in the coming weeks.  In 1995, a law was passed, and all Mauritians who came of age after this date were automatically granted Mauritian nationality.  There was a willingness and necessity for the piece of legislation to be changed today, so everyone could be on the same level. 

    There was no prosecution in Mauritius for being a vagrant, but there had been prosecutions under the offence of being a “rogue or vagabond” which was a different matter.  There were more than 800 of these cases prosecuted in 2024. This was a matter which would be taken up in the reform of the criminal justice system.  The State was aware of the discrepancies of the immigration act regarding communicable diseases, and acknowledged there was a need to review this legislation.  There had previously been an abominable piece of legislation, the Hoffman law, which enabled a citizenship provided to a non-citizen to be revoked.  This would also be reviewed. 

    There was a latent possibility of tensions rising and the State had to be careful not to stoke any of these factors.  There were instances, such as in the last election, where the whole nation came together and showed that the multicultural society could work. 

    Questions by Committee Expert

     

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, asked what steps Mauritius had taken to ratify the International Convention on the Protection of the Rights of All Migrant Workers and Members of their Families? 

    The Committee would still like an update regarding disaggregated data by ethnicity?  What were the unique challenges that people of African descent faced in Mauritius?  Would the delegation update the Committee on steps being taken to ratify and accept the individual communication article under the Convention?  According to the State report, there were currently three distinct cases against the State in court by lesbian, gay, bisexual, transgender and intersex persons.  Could an update on the human rights issues being raised in these three cases be provided?

    Mauritius had not signed the 1951 Convention relating to the status of refugees and its 1967 Protocol Convention.  Would the delegation update the Committee on the plans being developed to have a legislative and policy framework in place to ensure refugees were well protected under the law?  What were the plans to ratify the 1951 Convention relating to the status of refugees and its 1967 Protocol Convention?  What measures was Mauritius taking to address matters of statelessness and compile data on stateless persons?  Could the delegation update the Committee on birth registration and citizenship laws available?

    What were the legislative, policy and effective action points being taken to make sure that all ethnic groups were treated equally in Mauritius?  How was the Government handling the allegations that certain ethnic groups were getting preferential treatment? 

    What legislative, policy and enforcement action points had been put in place to address discrimination on issues of wages affecting Creoles and Muslims of Indian origin communities?  Would the delegation update the Committee on measures being taken to address underpayment for overtime in the textile and apparel industries, including issues on differences in legislation and calculation of overtime hours?  What were the legislative and policy reform steps being taken to address matters concerning the informal sector that accounted for 10 per cent of all workers? 

    The garment sector of Mauritius was a significant destination for migrant workers from Bangladesh.  Some reports found that Bangladesh nationals incurred significant debt to pay recruitment fees; were unable to review their contracts prior to signing or departing for Mauritius; and had a limited understanding of their salaries, among other issues.  Had Mauritius reviewed the recruitment procedures of foreigners and migrant workers, especially the recruitments that involved agents?  What measures had the Republic of Mauritius taken to address the concerns of persons belonging to certain nationalities, including Bangladesh citizens? 

    What measures had the State taken to minimise these challenges and make sure that all international labour instruments by the International Labour Organization on the treatment of migrant workers were compiled and enforced? When would Mauritius sign and ratify several International Labour Organization Conventions? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said the three cases referred to were determined by the Supreme Court in 2023.  The Supreme Court decided that criminalising consensual same-sex relations between males was unconstitutional. 

    It was estimated that around one third of Mauritians descended from slaves.  Mauritius would update its citizenship laws regarding refugees and asylum seekers. The current laws did not address statelessness and this would be addressed.

    Migrant workers should typically enjoy the same benefits and laws as any Mauritians.  However, there were cases where migrant workers had been lured to come to Mauritius and became enslaved by certain employers.  The Government was taking a strong stand on this issue and had recently publicised a well-published case in this regard, where they worked to bring the perpetrators who had abused the migrant workers to justice. Large companies with clientele in Europe and America were strict in their adherence to the law, and dealt with all processes relating to migrant workers correctly.  Mauritius was firmly committed to enforcing its immigration laws while ensuring the rights of migrant workers were upheld.  In cases where unscrupulous employers had not declared workers or where they did not renew their visas on time, these migrant workers were considered to be victims. 

    Questions by Committee Expert

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, asked for more data on domestic workers?  Mauritius still applied HIV related restrictions on the entry, stay and residence of non-nationals, with migrant workers being required to provide evidence of their negative HIV status to qualify for work and residence permits.  Would the delegation clarify reports that Mauritius required HIV testing for any residency permit longer than 90 days, and applicants were denied on the basis of HIV status?  What had the Government done to make sure it did not violate the rights of people, especially migrants, on the basis of HIV status?  What were the plans to reform the HIV/AIDS and immigration laws in Mauritius? 

    The Government of Mauritius had demonstrated overall increasing efforts compared with the previous years on issues of combatting human trafficking and had therefore been upgraded to tier 2.  However, the Government did not meet the minimum standards to combat human trafficking in some key areas, including not convicting any traffickers in court for the second consecutive year in a row.  Would the delegation update the Committee on the data available on cases prosecuted?  What concrete measures was Mauritius taking to combat human trafficking, including perpetrators of human trafficking prosecuted under the combatting of trafficking in persons act?  What had the Government of Mauritius done to make sure that the courts dealt with the backlog of cases?  What programmes were being initiated and rolled out, whether through legislation, policy or action points, to make sure citizens were encouraged to report cases of human trafficking and sex trafficking? 

    A Committee Expert asked why the Human Rights Commission was not present before the Committee and if it was influenced by the Prime Minister’s office? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said from June 2021 to March 2025, there were 41 cases of trafficking reported, and six were prosecuted.  The backlog of cases was a systemic problem in the criminal justice system.  A police and criminal justice bill was being prepared to set up the parameters in which the judicial processes would be carried out, to ensure diligent hearings and adjudication of various cases. 

    All migrant workers had to comply with the law and present a HIV negative test result before being granted access to the country. If a test was positive, they were not allowed to work and had to leave the country.  For those who contracted the disease in the country, they received the same treatment as nationals, regardless of their origin.  There were currently 60 foreign workers receiving treatment for HIV/AIDS.  Article 5 of the immigration act was a precautionary measure and was a new provision on the application for working in Mauritius.  There was no discrimination when this test was applied; it was applied across the board, wherever you came from.  It was implemented as a public health policy by the Government, due to Mauritius’ small size.  Unfortunately for the time being, this would stay in place. 

    There were no restrictions on civil society to protest, provided they stayed within the parameters of the law.  The State had just received the report of the Human Rights Commission for 2024, and this would be shared with the Committee. 

    Questions by Committee Expert

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, asked what was being done to ensure that civil society participated in the review of Mauritius? 

    Another Expert said the mandatory HIV test was not compliant with the Convention.  It was ineffective as a public health policy and cast a negative stigma on migrant workers. 

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, asked how the different ethnic groups in Mauritius enjoyed their rights under the Convention?

    Another Committee Expert said it was understood that civil society had not suffered intimidation, but was it consulted prior to the dialogue?  Why did the Human Rights Commission not report directly to parliament or the public? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said he took on board the views that the mandatory HIV law was ineffective and discriminatory and would act as an advocate in this regard.  All domestic workers had to obtain a resident and work permit to work in Mauritius. 

    The Chairperson of the National Human Rights Commission was appointed on the recommendation of the Prime Minister, and could be seen to not be totally independent.  The Commission had carried out its work well, and a new Chairperson would be appointed in the coming days.  It was expected that the Constitutional Review Commission would now have a say in the processes of the appointments of these kinds of positions. 

    Questions by a Committee Expert

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, said during the previous dialogue, the Committee urged the State party to adopt and implement a well-resourced strategy to address the deep-rooted discrimination faced by the Creoles, including those living on Agaléga and Rodrigues Islands.  What steps had been undertaken to implement this strategy?  What measures were in place to ensure ethnic minorities had equal enjoyment of economic, social and cultural rights?  Had measures relating to adequate housing, health-care service and quality inclusive education been designed in close collaboration with the communities concerned and relevant civil society organizations?  What measures had the State party undertaken to ensure effective participation and representation of ethnic minorities in public and political life?  What measures were envisaged to grant national language status to Creole?

    Could information be provided on the impact of climate change, tourism and development projects on marginalised communities, particularly ethnic minorities?  What was the State party’s national plan on business and human rights? The Committee would appreciate updated information from the State party regarding the assessment of current measures, including the Best Loser System, and the process of electoral reform? What steps had the State party taken to ensure the rights of the Chagossian people in negotiations with the United Kingdom’s Government? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said the Government was adamant that all races, communities and religious groups were treated on an equal footing and guaranteed full enjoyment of economic, social and cultural rights. The first of February was a holiday in Mauritius, marking the abolition of slavery in the country.  Pieces of legislation had been passed to ensure the Creoles were not left behind, as well as the Chagossians.  Since 1999, the Chagossian welfare fund act was established. Dedicated educational support, including scholarships, and healthcare programmes were also provided, and the State conducted regular visits to the communities.  The Government remained firmly committed to the resettlement of the Chagossians in the Chagos Archipelago and ensuring the full human rights of this group. 

    The Best Loser System was implemented to ensure that underrepresented communities received representation.  The State recognised it was not the best system and was outdated; two levels of amendments would be introduced in this regard. The Judicial and Legal Commission had been established for the appointment of judicial officers, and consisted of the Chief Justice and the President of the Public Service Commission. This Commission had the exclusivity of appointing all judicial and legal officers. 

    In the National Assembly, people addressed the chamber in English and French.  Members were also able to address a few lines in Creole when appropriate.  Recently, one member wanted to make a whole address in Creole and she was ruled out by the speaker.  Following this, the speaker raised the issue of introducing Creole in the Assembly, which they expected would be supported by most members. 

    A student behaviour policy was introduced in schools to reinforce tolerance and diversity in schools.  There had been a decline in bullying cases, and an anti-bullying policy was being drafted within the Ministry of Education.   

    Questions by Committee Experts

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, asked if strategies concerning Creoles were developed with their participation?  Were the welfare programmes based in law or were they policies which could change depending on the Government?  What kind of scholarships were provided?  Who were the target beneficiaries? 

    A Committee Expert said welfare systems did not reconcile with the past.  Had there been restitutions for the Chagossian people who had been disadvantaged? 

    Another Expert asked if all groups embraced the celebrations of the first of February?  Could more information be provided on the Creole group of Mauritius? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said there were national celebrations on the first of February, but ethnic lines were well demarcated when it came to attendees.  Creole referred to a certain category of people with a mixed descent.  A programme entitled “bridge to the future” had been produced, which was an overhaul of the election and judicial system in the country, concentrated in the hands of the Constitutional Reform Commission which would likely begin its work next month. 

    The previous Government had opened negotiations with Great Britain to find a solution for the Chagos Archipelago.  The United Kingdom recognised Mauritius’ sovereignty over the territory and negotiations were currently underway. The Best Loser System was outdated and was based on the census of 1972 with no relevance today.  The changes made would be implemented within the Constitution and removed the need to declare a candidate’s race or community when standing for parliament. 

    Questions by Committee Experts

    A Committee Expert said the Chagossian people had suffered a harm that had been significant.  They were due reparations and restitutions and they needed to be involved in these negotiations.  Those who were descendants of a system of enslavement enforced on people in Mauritius were victims of a harm which needed to be repaired.  It was important to look at best practice examples from other countries.

    Another Expert asked how the First Decade of People of African Descent was marked and what programmes were undertaken?  Had Mauritius started to think about the Second Decade?  Would the State think about establishing more sites of memory for people of chattel enslavement in the Second Decade? 

    FAITH DIKELEDI PANSY TLAKULA, Committee Expert and Follow-up Rapporteur, said the Committee had made a mistake in the follow-up paragraphs for the last dialogue and appreciated that Mauritius had accommodated their mistake.  It was appreciated that the national mechanism for reporting and follow-up had been established.  It was noted that information had been provided on the roadmap for teaching Creole and on the use of Creole in parliament.  Could an update on the use of Creole in the administration and in the judiciary be provided?  Had the State considered developing a roadmap for the Chagossian people? 

    An Expert said Great Britain was being allowed to continue to dominate Mauritius, and still had sway over the country and its people.   Mauritius had suffered too much to return to the past.  It was hoped Mauritius could come together as one country. 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said Mauritius did not focus on division, but rather on unity.  Recently there had been no complaints registered for acts of racial discrimination and racist hate speech.  There had been a case of stirring racial hatred where the perpetrator was sentenced to two years in prison in 2022. 

    The political agreement reached in October for the Chagossian people did not set out the various elements of the treaty. Mauritius was trying to move away from the divisions imposed by colonial masters.  All communities were aware that whichever Government was in power ensured the equality of all segments of the population.  Mauritius had no definite plans yet for the Second Decade of People of African Descent. 

    While English was the primary language in courts, French and Creole were also accepted.  Around 90 per cent of people in Mauritius understood the Creole language and it was used in the courts.  Government documents were in English.  There was a dedicated channel for Parliament and Mauritius was looking into setting up a second channel which carried a simultaneous translation of proceedings in Parliament into Creole. 

    Mauritius was in the process of finalising with Great Britain the return of the Chagos Archipelago.  The United Kingdom had to have the support of the United States before coming to terms with Mauritius.  It was expected that the terms would result in a positive outcome. 

    Questions by Committee Experts

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, said the Committee discussed the topic of different ethnic groups in Mauritius, solely to ensure that some were not receiving preferential treatment.  Could data be provided on migrant workers and how they were being taken care of?  What measures had Mauritius taken in terms of training, education, culture, information and awareness about the Convention, the human rights provisions in the Constitution of Mauritius, and other laws in Mauritius?  Were issues of human rights covered in the curriculum at primary, secondary and tertiary level?  How was Mauritius combatting racial discrimination through school curricula, university programmes and teacher training? 

    Could more information be provided on judicial authorities, jurisprudence and judgments on matters of racial discrimination, including the principles of the Convention?  What human rights training was offered to law enforcement agencies? What measures would be taken to ensure that non-governmental organizations and the national human rights institution fully participated in human rights education and awareness? 

    Reports indicated that the Government had decreased funding for protection and assistance services to victims of human trafficking, including sex trafficking.  What measures had been taken to make sure there was adequate funding to combat trafficking, including providing protection and assistance services to victims?  What programmes had the State rolled out for providing education to combat human trafficking?  There had been difficulties reported in accessing healthcare for irregular migrants, stateless persons and asylum seekers, who might not have access to the National Health Insurance Card.  What programmes had been implemented to provide human rights awareness on matters of healthcare?

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said reports relating to discrimination of migrant workers regarding healthcare were unfounded as everyone in Mauritius was afforded free public healthcare, whether they were a migrant or not. Mauritius had not hidden from the prejudices within its society.  Human rights principles were embedded in formal school curricula.  In 2024, the National Human Rights Commission conducted public campaigns reaching over 100,000 individuals, including parents, students and teachers, and had also produced materials, including the translation of the Universal Declaration of Human Rights into Creole. Non-governmental organizations had provided input into important State documents, including the national human rights plan, as well as in preparation for the Universal Periodic Review. 

    Questions by Committee Experts

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, said the law in Mauritius prevented internet users from posting anything that could cause “annoyance, humiliation, inconvenience, distress or anxiety to any person” on social media.  Anyone found guilty faced up to 10 years’ imprisonment. There were reports that police arrested two people on allegations of drug trafficking because they made critical comments against the Government or police.  What was the outcome of these cases?  What measures was the State taking to ensure citizens were not punished merely for criticising the State through expressing freedom opinion?  Had the cases of three journalists from the Defi Media group who filed complaints of harassment been addressed?  How was it ensured that journalists could operate freely in Mauritius?  It was reported that many buildings in Mauritius remained inaccessible to persons with disabilities; what was the Government doing to overcome this? 

    A Committee Expert applauded the efforts of the State party to create a harmonious society out of the calamity of colonialism. 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said the two cases of those arrested in relation to drug charges were high profile cases in Mauritius and were ongoing.  The accused had been extremely critical of the previous regime.  There had been no prosecutions of alleged drug offences so far. The journalists arrested were also extremely critical of the previous regime, and due to the usual process adopted by that regime, they were attacked.  The inquiry had not yet been completed, and if there was enough evidence to convict the persons behind the cowardly attacks on these journalists, appropriate actions would be taken.

    Questions by a Committee Expert

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, said French and English were considered de facto languages of Mauritius.  What measures was the Government taking to ensure all languages were recognised in Mauritius?  Was there recognition of the various groups, including Chagossians in the country? 

    Responses by the Delegation

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, said all courtrooms in Mauritius provided adequate access for persons with disabilities.  Irrespective of the descent of any Mauritian, more than 90 per cent of the population understood and spoke Creole.  The State had begun translating the Convention against Torture into Creole and would eventually work to translate all other Conventions into Creole. 

    Closing Remarks

    FAITH DIKELEDI PANSY TLAKULA, Committee Expert and Follow-up Rapporteur, said the Committee would send concluding observations which contained a follow-up for recommendations which needed to be implemented within one year. 

    PELA BOKER WILSON, Committee Expert and Country Rapporteur, extended sincere thanks and appreciation to the delegation for the interactive dialogue.  The Government of Mauritius should be commended on its reassessed approach to the review which contributed to the quality of the exchange.  The delegation had delivered on its pledge to ensure openness and accountability, and the State party’s commitment to continuity was appreciated. 

    CHRISPINE GWALAWALA SIBANDE, Committee Expert and Country Co-Rapporteur, thanked everyone who had been involved in the dialogue. 

    GAVIN PATRICK CYRIL GLOVER S.C, Attorney General of Mauritius and head of the delegation, extended thanks for the dialogue which had taken place.  Mauritius viewed this exchange as an opportunity to reflect openly and recommit the State to the principles of the Convention.  The contribution of Committee member Yeung Sik Yuen Yeung Kam John was very much appreciated.  Mauritius had celebrated the richness of its cultural heritage and honoured the memory of historical injustices.  The establishment of a Constitutional Review Commission marked an important step forward. History left long shadows, but Mauritius believed that progress was possible.  The State was committed to achieving unity, dignity and justice for all. 

    MICHAL BALCERZAK, Committee Chair, thanked all for the dialogue.  During these turbulent times, it was important to celebrate 60 years of the Convention, and the Committee looked to Mauritius to join them in these celebrations. It would be a good opportunity for Mauritius to consider accepting article 14 of the Convention on individual communications.   

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

    Follow UNIS Geneva on: Website | Facebook | Twitter | YouTube |Flickr

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Inaugurates ‘Corporate Bhavan’ in Kolkata; New Multi-Office Facility brings MCA Departments Under One Roof

    Source: Government of India

    Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Inaugurates ‘Corporate Bhavan’ in Kolkata; New Multi-Office Facility brings MCA Departments Under One Roof

    New Seven-Storey Corporate Bhavan Features Smart Design and Green Infrastructure

    Country’s First Facilitation Centre of Prime Minister Internship Scheme (PMIS) also Launched at Corporate Bhavan, Kolkata; aims to Connect Youth with Corporate Internship Opportunities

    Posted On: 01 MAY 2025 4:30PM by PIB Delhi

    The Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman inaugurated the ‘Corporate Bhavan’ in New Town, Kolkata today. This new facility will house different offices of the Ministry of Corporate Affairs, including Regional Directorate (East), Registrar of Companies, Official Liquidator, SFIO, NCLT (Kolkata Bench) and IBBI under one roof.

    Speaking on the Occasion, Smt. Nirmala Sitharaman said that Corporate Bhawan will become a true single-window interface for companies, insolvency professionals, auditors, startups, and investors seeking timely corporate regulatory services.

    The consolidation of services at the Corporate Bhawan will help significantly cut costs, accelerate approval process, and improve operational efficiency – all of which will help enhance Ease of Doing Business, Smt. Nirmala Sitharaman added.

    Addressing officers of the Ministry of Corporate Affairs, Smt. Nirmala Sitharaman also stated that our regulatory frameworks must not only safeguard good governance but also enable enterprise, encourage formalisation, and build trust in our systems.

    The Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman said that the first ever ‘Prime Minister Internship Scheme (PMIS) Facilitation Centre’ is also located in the Corporate Bhavan, Kolkata. It will help the aspiring Interns in getting the information and issues related to their application.

    The seven stories building has a built-up area of about 13,239 square meters and the total project costed around Rs. 150.43 crores. It is designed with a focus on energy efficiency, waste recycling, smart parking, and the well-being of its occupants. Equipped with CO2 sensors in the AHU, the building ensures proper indoor air quality.

    The event celebrated the launch of the first ever ‘Prime Minister Internship Scheme (PMIS) Facilitation Centre’ on the 7th floor of the Corporate Bhawan.

     

    The MCA CII PMIS Centre, a collaborative initiative between the Ministry of Corporate Affairs (MCA) and  Confederation of Indian Industry (CII), aims to connect eligible youth (aged 21-24) with internship opportunities offered by participating companies. Through a dedicated three-member team, the centre will focus on identifying eligible candidates who are not in full-time education or employment, providing comprehensive guidance, and facilitating their registration and application in the PM Internship Scheme.

    The PMIS Facilitation Centre shall :

    − Facilitate PMIS registration and application process for eligible candidates

    − Provide professional career counselling and guidance

    − Match candidate qualifications and interests with suitable internship opportunities

    − Create awareness about professional opportunities through outreach programmes

    *****

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Ms. Sujata Chaturvedi Assumes Charge as Member, Union Public Service Commission

    Source: Government of India

    Posted On: 01 MAY 2025 3:06PM by PIB Delhi

    Ms. Sujata Chaturvedi, Former Secretary, Department of Sports, Ministry of Youth Affairs and Sports took the Oath of Office and Secrecy as Member, Union Public Service Commission today. The Oath was administered by Lt. Gen. Raj Shukla (Retd.), seniormost Member of the Commission.

    Ms. Sujata Chaturvedi did her Graduation in English and Post Graduation in History from Nagpur University. She also has an M.Phil in Public Administration and Diploma in the Russian Language.

    Ms. Chaturvedi belongs to the 1989 batch of the Indian Administrative Service and was allotted Bihar Cadre. She has vast administrative experience of more than three decades in the cadre, as well as in the Government of India. In the State, she served as Principal Secretary, D/o Finance, Commercial Tax Commissioner, Secretary, D/o Finance, Vice Chairman, D/o Urban Development. At the Centre, she held the post of Secretary, Youth Affairs and Sports, Additional Secretary, DOPT and Regional Deputy Director General in Unique Identification Authority of India. Ms. Chaturvedi, during her tenure as the Secretary, Dept of Sports, contributed significantly to many initiatives for the overall development of sports in the country. To name a few, some of her initiatives are hosting the annual Khelo India Games, the FIDE Chess Olympiad, FIFA Under-17 Women’s World Cup, implementation of a National Sports Repository System, country-wide mapping of standard sports facilities and the enactment of the Anti-Doping bill to strengthen the nation’s fight against doping.

    Ms. Chaturvedi hails from the state of Maharashtra. She is conversant

    MIL OSI Asia Pacific News

  • MIL-OSI: Draganfly and Autonome Labs Announce Teaming Agreement to Deliver UAV-Based Demining Mesh Deployment Solution

    Source: GlobeNewswire (MIL-OSI)

    Tampa, FL, May 01, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”) an industry-leading developer of drone solutions and systems is pleased to announce a strategic teaming agreement with Autonome Labs, a humanitarian tech innovator, to develop an integrated aerial deployment solution for M.A.G.I.C, (Mine and Ground Inert Clearance) Autonome’s groundbreaking mesh-based demining system.

    The collaboration will pair Draganfly’s Heavy Lift drone platform with Autonome’s M.A.G.I.C. system to safely and efficiently deploy demining mesh designed to detonate and neutralize landmines across hazardous terrain. This joint solution enables rapid clearance of explosive threats, significantly reducing risk to human demining teams and accelerating the restoration of safe, usable land.

    “This partnership reflects the best of what our technology is capable of, saving lives, rebuilding communities, and bringing hope where it’s needed most,” said Cameron Chell, CEO of Draganfly. “Working with Autonome Labs allows us to deliver real-world impact in some of the most challenging environments.”

    The Heavy Lift drone platform, engineered for accuracy and high-capacity transport, will be adapted to support low-altitude, precision deployment of Autonome’s smart mesh system.

    “Our collaboration with Draganfly represents a critical step forward in the way autonomous technologies are deployed in high-risk environments,” said Kyle Debanks, COO of Autonome Labs. “By combining our smart demining mesh system with Draganfly’s proven drone platform, we’re enabling a safer, more scalable solution for clearing dangerous terrain—ultimately protecting lives and restoring access to vital land.”

    Initial integration and testing will begin in 2025, with plans to pilot the system in post-conflict regions later in the year.

    About Autonome Labs

    Autonome Labs is a technology company specializing in advanced autonomous and robotic systems for complex and high-stakes environments. With a mission to transform industries through safe, reliable, and AI-driven solutions, Autonome develops cutting-edge technologies that address real-world challenges—from automated drone platforms to autonomous firefighting robots and intelligent systems designed for extreme conditions. By combining deep technical expertise with a forward-thinking approach, Autonome Labs delivers scalable solutions that enhance safety, efficiency, and operational performance across a wide range of industries.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives.

    For more information, visit www.draganfly.com.

    For investor details, visit:

    Media Contact
    media@draganfly.com

    Company Contact
    info@draganfly.com

    This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: the anticipated benefits of, and estimated revenue to be generated by, the teaming agreement; the integration of technology and products between Draganfly and Autonome; the timeline to develop, integrate and begin testing an an integrated aerial deployment solution for M.A.G.I.C; the business plans and expectations of the Company; and expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs of management as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the anticipated benefits and revenues of the agreement to Draganfly; meeting the continued listing requirements of the Nasdaq; and including, but not limited to, those factors set forth in the Company’s 20-F (equivalent to an Annual Information Form) under the section “Risk Factors” and Draganfly’s most recent filings in accordance with securities regulations in Canada on the SEDAR+ website at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such information.

    Neither the CSE nor the Nasdaq accepts responsibility for the adequacy or accuracy of this news release.

    The MIL Network

  • MIL-OSI: Flow Capital Announces 2024 Annual Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 01, 2025 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV:FW), a leading provider of flexible growth capital and alternative debt solutions, announces its unaudited financial and operating results for the for the three-months (Q4 2024) and year ended December 31, 2024.

    Q4 2024 Performance Highlights

    • 44% increase in Loan Interest Revenue to $2.7 million.
    • 61% increase in Recurring Free Cash Flow to $545,591
    • $0.018 in Recurring Free Cash Flow per share

    Full Year 2024 Performance Highlights

    • 31% increase in Loan Interest Revenue to $9.3 million.
    • 88% increase in Recurring Free Cash Flow to $1.9 million.
    • $0.061 in Recurring Free Cash Flow per share
    • 13% increase in Total Assets to $72.0 million.
    • A record $28.5 million in new capital deployment during the year.
    • Book Value per share up from $1.19 to $1.20.

    “This was another strong quarter, capping off a record year for Flow Capital. Q4 2024 represented the 6th consecutive quarter of sequential quarter-to-quarter Loan Interest Revenue growth. More importantly, we are growing our revenue while consistently generating positive free cash flow. 2024 represents the 5th straight year where we have generated positive recurring cash flow, generating a record $1.9 million during the year. We feel that our results are indicative of the growth and profitability our business model can support,” said Alex Baluta, CEO of Flow Capital.

    Detailed Financial Results are available on our website at www.flowcap.com/investor-relations/2024 or on www.sedar.com.

    Results of Operations

    (1)Recurring Free Cash Flow is an internally defined, non-IFRS measure calculated as loan interest revenue less loan amortization income, one-time payments, salaries, professional fees, office and general administrative expenses, and financing expenses. See the section “Use of Non-IFRS Financial Measures”.

    (2)Calculated by taking Total Shareholders’ Equity as reported on the Statements of Financial Position over the number of outstanding shares at period end. See the section “Use of Non-IFRS Financial Measures”.

    Conference Call Details

    Flow Capital will host a conference call to discuss these results at 9:00 a.m. Eastern Time, on Wednesday, May 2, 2025. Participants should call +1 800-717-1738 or +1 289-514-5100 and ask an operator for the Flow Capital Earnings Call, Conference ID 90558. Please dial in 10 minutes prior to the call to secure a line. A replay will be available shortly after the call. To access the replay, please dial +1 888-660-6264 or +1 289-819-1325 and enter passcode 90558#. The replay recording will be available until 11:59 p.m. ET, May 14, 2025.

    An audio recording of the conference call will be also available on the investors’ page of Flow Capital’s website at www.flowcap.com/investor-relations/2024

    About Flow Capital

    Flow Capital Corp. is a publicly listed provider of flexible growth capital and alternative debt solutions dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking $2 to $10 million in capital to drive their continued expansion.

    Learn more at www.flowcap.com

    For further information, please contact:

    Flow Capital Corp.

    Alex Baluta
    ‎Chief Executive Officer
    alex@flowcap.com 
    47 Colborne St, Suite 303, 
    Toronto, Ontario M5E 1P8

    Non-IFRS Financial Measures

    This press release includes references to the non-IFRS financial measure “Recurring Free Cash Flow.” This financial measure is employed by the Company to measure its operating and economic performance, to assist in business decision-making, and to provide key performance information to senior management. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors and analysts use this information to evaluate the company’s operating and financial performance. This financial measure is not defined under IFRS, nor does it replace or supersede any standardized measure under IFRS. Other companies in our industry may calculate this measure differently than we do, limiting its usefulness as a comparative measure. Reconciliations of non-IFRS measures to the nearest IFRS measure can be found in this press release under “Reconciliation of Non-IFRS Measures.”

    Reconciliation of Non-IFRS Measures

    The table below reconciles Recurring Free Cash Flow for the periods indicated.

    Recurring Free Cash Flow is an internally defined, non-IFRS measure calculated as loan interest and royalty income less loan amortization income, one-time payments, salaries, professional fees, office and general administrative expenses, and financing expenses.

     Forward-Looking Information and Statements

    Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.

    The MIL Network

  • MIL-OSI: WISeKey Confirms June Launch of Next-Generation WISeSat Satellite with SpaceX Featuring Encrypted Communications and SEALCOIN Integration

    Source: GlobeNewswire (MIL-OSI)

    WISeKey Confirms June Launch of Next-Generation WISeSat Satellite with SpaceX Featuring Encrypted Communications and SEALCOIN Integration

    Geneva, Switzerland, May 1, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces the upcoming launch of its next-generation WISeSat.Space satellite aboard a SpaceX mission in June 2025. This milestone marks a major technological step forward for WISeSat.Space’s secure space communications infrastructure and the deployment of Transactional IoT (t-IoT) solutions directly from orbit.

    The upcoming satellite launch introduces two significant innovations: first, the capability to establish secure, encrypted communications with WISePhone mobile devices, and second, the integration of SEALCOIN, a decentralized agent embedded in the satellite enabling machine-to-machine (M2M) transactions from space. These features significantly enhance the utility of WISeSat.Space’s constellation, as it evolves toward a fully decentralized, secure IoT and communications network supporting autonomous digital ecosystems.

    This development supports WISeSat.Space’s ongoing mission to deliver secure, scalable IoT connectivity from space and strengthens European independence in satellite communications. By anchoring its infrastructure in Europe, WISeSat.Space ensures data sovereignty and helps reduce reliance on non-European providers for strategic technologies, in line with EU objectives for technological resilience and autonomy.

    The new generation of WISeSat.Space satellites are compact picosatellites that leverage SEALSQ Corp. (“SEALSQ”) (NASDAQ: LAES) semiconductors and WISeKey’s advanced cryptographic keys, including quantum-resistant algorithms. These satellites are optimized for secure, low-power, and long-range data collection in off-grid and remote locations. Their applications span environmental monitoring, disaster management, industrial automation, and smart agriculture. The technology ensures encrypted end-to-end data transmission, enabling safe and reliable operations in critical sectors.

    The launch will also include a Proof of Concept (PoC) demonstrating SEALCOIN’s potential to facilitate secure, decentralized satellite-initiated transactions with IoT devices without human intervention. Built on Hedera’s Decentralized Ledger Technology (DLT), SEALCOIN offers transparent, tamper-proof, and autonomous transaction capability,paving the way for a scalable transactional IoT infrastructure. This breakthrough sets the stage for next-generation M2M applications in smart cities, logistics, environmental sensing, and beyond.

    WISeSat a secure nanosatellite platform developed by WISeKey, through its space division, WISeSat.Space, is designed to provide resilient, encrypted, and globally accessible connectivity for IoT ecosystems. Its primary function is to enable secure, satellite-based communication for IoT devices deployed in remote, hard-to-reach, or infrastructure-poor areas where traditional terrestrial networks (such as fiber, 4G/5G, or Wi-Fi) are unavailable, unreliable, or too costly to implement.

    A key use case is in precision agriculture, where WISeSat can connect sensors measuring soil moisture, temperature, crop health, and irrigation needs, helping farmers optimize yields, reduce water waste, and increase sustainability,even in rural or developing regions. This satellite connectivity ensures constant data flow regardless of geography or local telecom limitations.

    Another important application is in environmental monitoring and climate science. Sensors deployed in remote forests, oceans, glaciers, or protected natural areas can transmit real-time data on air quality, deforestation, wildlife movement, or water levels. This helps governments, researchers, and NGOs make faster decisions on conservation, disaster prevention, or policy implementation.

    In industries such as oil and gas, mining, and maritime logistics, WISESat provides critical connectivity to monitor and control assets located in offshore rigs, remote mines, or cargo ships. This includes real-time tracking of machinery health, fuel consumption, emissions, and security status. Similarly, in global supply chains, the platform enables secure monitoring of the condition and location of containers and high-value goods as they traverse continents, oceans, and customs zones, greatly reducing theft, spoilage, and logistical inefficiencies.

    Healthcare is another frontier where WISESat is impactful. In remote or underserved areas, health monitoring devices and mobile clinics can use the satellite network to transmit patient data securely to centralized hospitals or doctors, enabling telemedicine and diagnostics even during emergencies or pandemics. It is especially critical for applications like vaccine refrigeration monitoring, ensuring proper storage temperatures in regions lacking stable electricity or cellular coverage.

    WISeSat also enhances disaster response capabilities. During earthquakes, hurricanes, blackouts or wildfires, terrestrial infrastructure is often destroyed or disrupted. WISeSat ensures that emergency response units and sensor networks continue to transmit data on ground conditions, population movement, and structural damage, enabling faster, data-driven response coordination.

    From a cybersecurity standpoint, WISESat integrates WISeKey’s advanced cryptographic technologies, including post-quantum encryption developed through its SEALSQ subsidiary. This makes it suitable for high-security applications such as defense, critical infrastructure monitoring, smart cities, and government communication, where data integrity and identity verification are essential. It also supports remote identity management, enabling secure authentication of both devices and users over satellite links.

    WISeSat serves as a critical enabler of secure digital transformation in sectors where uninterrupted, trustworthy, and decentralized connectivity is mission-critical. It bridges the digital divide and protects data integrity from the sky, ushering in a new era of trusted space-based communications.

    In parallel, the satellite’s upgraded semiconductor components, developed by SEALSQ, will enhance processing and communications capabilities, enabling faster and more responsive data transmission. These improvements are essential for real-time monitoring and automation in industries affected by climate change and other dynamic conditions.

    With this launch, WISeKey reaffirms its commitment to advancing secure, decentralized digital infrastructure from space while supporting Europe’s leadership in satellite innovation. The June mission represents a major leap forward in enabling trusted connectivity, secure IoT transactions, and autonomous systems that extend far beyond Earth’s surface.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com 
    WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network

  • MIL-OSI: United Community Banks, Inc. Announces Completion of Merger With ANB Holdings, Inc., The Parent of American National Bank

    Source: GlobeNewswire (MIL-OSI)

    GREENVILLE, S.C., May 01, 2025 (GLOBE NEWSWIRE) — United Community Banks, Inc. (NYSE: UCB) (“United”) completed its merger with ANB Holdings, Inc. (“ANB”) effective May 1, 2025. In this transaction, ANB’s wholly-owned bank subsidiary, American National Bank (“ANB Bank”), was also merged into United’s bank subsidiary, United Community Bank (“United Community”). ANB Bank will operate under the United Community brand after all core systems, signage, and branding are converted to those of United Community on the weekend of July 11, 2025.

    ANB Bank is headquartered in Oakland Park, Florida, a northern and fast-growing part of the Miami metropolitan area. Founded in 1985, ANB Bank primarily services Miami Dade, Broward, and Palm Beach Counties. It is a premier franchise with an experienced management team led by President and Chief Executive Officer Ginger Martin. ANB Bank’s high-touch customer service is delivered to retail and business customers through one location on North Federal Highway in Oakland Park. As of March 31, 2025, ANB Bank reported total assets of $452 million, with total loans of $317 million, and total deposits of $387 million, of which over $300 million are non-CD core deposits.

    “We are delighted to welcome American National Bank’s outstanding group of bankers to the United Community team. We’ve been working closely with this group for some time now, and we continue to be impressed with their community-focused, service-first approach to banking. The cultural alignment between our teams is very strong,” said Lynn Harton, Chairman and Chief Executive Officer of United. “This partnership will add a customer service focused hub in an attractive market. We look forward to continuing to invest in growth, employee engagement, and community development in the South Florida market.”

    Ginger Martin, President and Chief Executive Officer of ANB Bank, stated, “We have built an outstanding banking franchise in South Florida, and we are excited to move into this next phase of our growth in partnership with United Community. The alignment of our values and priorities, combined with a larger balance sheet and expanded product offerings, will ensure that we continue to provide excellent service to our customers and meaningfully contribute to our community.”

    Stephens Inc. acted as financial advisor to United, and Wachtell, Lipton, Rosen & Katz served as United’s legal advisor. Hovde Group, LLC served as ANB’s financial advisor, and Smith Mackinnon, PA served as ANB’s legal advisor.

    About United Community Banks, Inc.
    United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community, a top 100 U.S. financial institution committed to building stronger communities and improving the financial health and well-being of its customers. United Community offers a full range of banking, mortgage and wealth management services. As of March 31, 2025, United Community Banks, Inc. had $27.9 billion in assets and operated 200 offices across Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. The company also manages a nationally recognized SBA lending franchise and a national equipment finance subsidiary, extending its reach to businesses across the country. United is an 11-time winner of J.D. Power’s award for highest customer satisfaction among consumer banks in the Southeast and was named the most trusted bank in the region in 2025. The company has also been recognized eight consecutive years by American Banker as one of the “Best Banks to Work For.” In commercial banking, United earned five 2025 Greenwich Best Brand awards, including national honors for middle market satisfaction. Forbes has consistently named United among the World’s Best and America’s Best Banks. Learn more at ucbi.com.

    Caution About Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In general, forward-looking statements usually may be identified through use of words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, and include statements related to expected benefits of the merger and the timing of conversion. Forward-looking statements are not historical facts and represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements.

    Factors that could cause or contribute to such differences include, but are not limited to (1) the risk that the cost savings and any revenue synergies from the merger may not be realized or take longer than anticipated to be realized, (2) disruption from the merger of customer, supplier, employee or other business partner relationships, (3) reputational risk and the reaction of each of the companies’ customers, suppliers, employees or other business partners to the merger, (4) risks relating to the integration of ANB’s operations into the operations of United, including the risk that such integration will be materially delayed or will be more costly or difficult than expected, (5) risks associated with United’s pursuit of future acquisitions, (6) the risks associated with expansion into new geographic or product markets, and (7) general competitive, economic, political and market conditions. Further information regarding additional factors which could affect the forward-looking statements can be found in the cautionary language included under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in United’s Annual Report on Form 10-K for the year ended December 31, 2024, and other documents subsequently filed by United with the U.S. Securities and Exchange Commission.

    Many of these factors are beyond United’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this communication, and United undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for United to predict their occurrence or how they will affect United.

    United qualifies all forward-looking statements by these cautionary statements.

    For more information:
    Jefferson Harralson
    Chief Financial Officer
    (864) 240-6208
    Jefferson_Harralson@ucbi.com

    The MIL Network

  • MIL-OSI USA: NASA STEM Programs Ignite Curiosity Beyond the Classroom

    Source: NASA

    When curiosity takes flight, learning knows no bounds. The impact of supporting STEM education extends far beyond the classroom, shaping the future of innovation and exploration. NASA Engages is the agency’s outreach website that connects NASA experts and resources with communities, educators, and students across the country. Led by NASA’s Office of STEM Engagement, the platform fosters collaboration between educators, organizations, and NASA employees to inspire the next generation.

    NASA employees dedicate their time and expertise through NASA Engages, whether they’re passionate about robotics, flight research, or inspiring young minds to pursue STEM careers. One example of this is Aero Fair, a STEM program led by the California Office of STEM Engagement at NASA’s Armstrong Flight Research Center in Edwards, California. This initiative brings aeronautics directly to students, with NASA Armstrong professionals visiting classrooms – both in person and virtually – to engage students during three-day experiences that allow them to learn about aeronautics, meet NASA professionals, and explore potential career paths they might not have previously considered.
    “When volunteers step up to help inspire and facilitate learning in the classroom, they are benefiting not only the students they interact with, but our future generation as well,” says Giovanna Camacho, Pathways systems engineering intern at NASA Armstrong, who volunteered at the event.
    Chloe Day, a student at Tropico Middle School in Rosamond, California, said Aero Fair inspired her to consider a STEM career. “When NASA employees were talking about what they do and how they help our world today, it made me feel like I want to do it too.”
    Educators can request an Aero Fair experience through NASA’s STEM Gateway. These programs “give students a chance to see themselves as real problem-solvers and innovators,” said Shauna Tinich, a Tropico Middle School teacher. “The most beneficial part of Aero Fair is the real-world connection to STEM. The connection to NASA makes it real and exciting for the students.”

    The NASA Engages website matches outreach opportunities to employee skills and interests, while educators and community organizations can use the website to request public speakers, classroom visits, and educational support at events.
    For many volunteers, the experience is just as inspiring as it is for the students. “Every time I volunteer, I walk out inspired,” Camacho said. “It motivates me to continue my pursuit of making a difference.”
    Gary Laier, center liaison for the Small Business Innovation Research and Small Business Technology Transfer programs at NASA Armstrong, and Aero Fair volunteer, agreed: “It’s a rewarding experience for students, teachers, and NASA volunteers alike. I enjoy the opportunity to inspire youth and get them excited about their futures.”
    By participating in outreach activities like Aero Fair, career panels, or events, NASA employees not only help ignite curiosity and provide knowledge to students and the community but also strengthen NASA’s connection to the communities it serves.

    Educators, organizations, and community groups can connect with NASA in two ways. Through NASA Engages, external groups can request NASA support for their own events – such as inviting a NASA speaker or arranging classroom visits and providing outreach materials. Meanwhile, NASA STEM Gateway provides opportunities for individuals to participate in NASA-developed STEM events, internships, and programs like Aero Fair. To request NASA participation in an event or to learn more about NASA STEM opportunities, visit https://stemgateway.nasa.gov/nasaengages/s/.

    MIL OSI USA News

  • MIL-OSI USA: Disaster Recovery Center Opens in Carroll County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Carroll County

    Disaster Recovery Center Opens in Carroll County

    FRANKFORT, Ky

    – A Disaster Recovery Center has opened in Carroll County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in Carroll County is located at:Carrollton Utilities Operations, 900 Clay St

    , Carrollton, KY 41008 Working hours are 9 a

    m

    to 7 p

    m

    Eastern Time, Monday through Saturday and 1 – 7 p

    m

    Eastern Time, Sunday

    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs

     FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

     To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

    You don’t have to visit a center to apply for FEMA assistance

     There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    minh

    phan
    Wed, 04/30/2025 – 20:03

    MIL OSI USA News

  • MIL-OSI USA: Disaster Recovery Center Opens in Owen County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Owen County

    Disaster Recovery Center Opens in Owen County

    FRANKFORT, Ky

    –A Disaster Recovery Center has opened in Owen County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in Owen County is located at:Three Rivers District Health Department, 60 Old Monterey Road, Owenton, KY 40359 Working hours are 9 a

    m

    to 7 p

    m

    Eastern Time, Monday through Saturday and 1 – 7 p

    m

    Eastern Time, Sunday

    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs

     FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

    To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

     You don’t have to visit a center to apply for FEMA assistance

    There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    minh

    phan
    Wed, 04/30/2025 – 20:02

    MIL OSI USA News

  • MIL-OSI USA: Disaster Recovery Center Opens in Butler County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Butler County

    Disaster Recovery Center Opens in Butler County

    FRANKFORT, Ky

    – A Disaster Recovery Center will open in Butler County at 1 p

    m

    April 30 to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in Butler County is located at:Gasper River Association of Baptists, 530 Helm Lane, Morgantown, KY 42261 Working hours are 1 – 7 p

    m

    Central Time April 30, and then 9 a

    m

    to 7 p

    m

    Central Time, Monday through Saturday

    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs

    FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

     To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

    You don’t have to visit a center to apply for FEMA assistance

     There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    minh

    phan
    Wed, 04/30/2025 – 20:16

    MIL OSI USA News

  • MIL-OSI USA: Disaster Recovery Center Opens in Christian County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Christian County

    Disaster Recovery Center Opens in Christian County

    FRANKFORT, Ky

    – A Disaster Recovery Center is opening in Christian County at 1 p

    m

    on April 30 to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in Christian County is located at:Murray State University Classrooms #207, #209, #213, 5305 Ft

    Campbell Blvd

    , Hopkinsville, KY 42240 Working hours are 1 – 7 p

    m

    Central Time April 30, and then 9 a

    m

    to 7 p

    m

    Central Time, Monday through Saturday and 1 – 7 p

    m

    Central Time, Sunday

    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs

    FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

     To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

    You don’t have to visit a center to apply for FEMA assistance

     There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    minh

    phan
    Wed, 04/30/2025 – 20:11

    MIL OSI USA News

  • MIL-OSI USA: Kentucky Survivors Can Apply for FEMA Assistance and SBA Disaster Loan at the Same Time After April Storms

    Source: US Federal Emergency Management Agency

    Headline: Kentucky Survivors Can Apply for FEMA Assistance and SBA Disaster Loan at the Same Time After April Storms

    Kentucky Survivors Can Apply for FEMA Assistance and SBA Disaster Loan at the Same Time After April Storms

    FRANKFORT, Ky

    – In addition to applying for FEMA assistance, homeowners and renters in designated Kentucky counties have the option to apply for a low-interest disaster loan from the U

    S

    Small Business Administration at various stages of their recovery

    While FEMA doesn’t require survivors to apply for an SBA loan before being considered for FEMA assistance, the SBA can offer financial support to individuals and business owners to aid their recovery

    Homeowners and renters in Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties can apply for federal assistance

    How To Apply for FEMA AssistanceSurvivors in the Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties who have disaster-caused damage or loss from the April storm can apply for federal disaster assistance under the major disaster declaration DR-4864 in several ways:Online at DisasterAssistance

    gov

    Visit any Disaster Recovery Center

    To find a center close to you, visit fema

    gov/DRC, or text DRC along with your Zip Code to 43362 (Example: “DRC 29169”)

    Use the FEMA mobile app

    FEMA works with every household on a case-by-case basis

    Call the FEMA Helpline at 800-621-3362

    It is open 7 a

    m

    to 10 p

    m

    Eastern Daylight Time

    Help is available in many languages

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service

     The deadline to apply under DR-4864-KY is June 25

    How to Apply for SBA Disaster LoansThe SBA offers disaster loans to assist businesses, private nonprofits, homeowners and renters with their recovery

    Homeowners and renters are eligible to apply for disaster loans to repair or replace disaster-damaged or destroyed real estate and damaged or destroyed personal property

    Businesses and nonprofits are eligible to apply for loans to cover physical damage

    Economic Injury Disaster Loans (EIDLs) are also available to qualified businesses and nonprofits to help meet working capital needs caused by the disaster

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    minh

    phan
    Wed, 04/30/2025 – 20:00

    MIL OSI USA News

  • MIL-OSI USA: Disaster Recovery Center Opens in McCracken County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in McCracken County

    Disaster Recovery Center Opens in McCracken County

    FRANKFORT, Ky

    – A Disaster Recovery Center will open in McCracken County at 1 p

    m

    on April 30 to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in McCracken County is located at:McCracken County Emergency Management Complex Training Room, 3700 Coleman Road, Paducah, KY 42001 Working hours are 1 – 7 p

    m

    Central Time April 30, and then 9 a

    m

    to 7 p

    m

    Central Time, Monday through Saturday and 1 – 7 p

    m

    Central Time, Sunday

    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs

     FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

     To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

    You don’t have to visit a center to apply for FEMA assistance

     There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    minh

    phan
    Wed, 04/30/2025 – 20:08

    MIL OSI USA News