NewzIntel.com

Category: China

  • MIL-OSI Russia: Azerbaijan’s ICT Sector Production Grew 7.8% in January-April 2025

    Translation. Region: Russian Federal

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

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

    Baku, May 15 /Xinhua/ — In January-April 2025, the information and communication technology (ICT) sector of Azerbaijan showed a 7.8 percent year-on-year growth, reaching a production volume of 716 million manats /1 US dollar is equal to 1.7 Azerbaijani manats/, the State Statistics Committee of Azerbaijan reported on Thursday.

    In April, the volume of production in the sector amounted to 190.5 million manat, which is 9 percent more year-on-year.

    According to official data, the share of ICT in the country’s GDP in the first four months of the year was 1.8 percent. Azerbaijan’s total GDP for the reporting period amounted to 39.31 billion manats, an increase of 0.9 percent compared to the same period in 2024. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: China has always firmly supported UN peacekeeping activities: Chinese Defense Minister

    Translation. Region: Russian Federal

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

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

    BERLIN, May 15 (Xinhua) — Chinese Defense Minister Dong Jun said at a meeting in Berlin that China supports the reform and transformation of United Nations peacekeeping operations.

    Speaking at the 2025 UN Peacekeeping Ministerial Meeting on Wednesday, Dong Jun said China has always been a strong supporter and constructive participant in UN peacekeeping operations, noting that such missions bring hope for peace to people suffering from the chaos of war.

    Expressing China’s commitment to building a community with a shared future for mankind and promoting universal security and prosperity, Dong Jun stressed that China supports the reform and transformation of UN peacekeeping operations. He put forward a six-point proposal to strengthen global peacekeeping efforts.

    The Chinese Defense Minister pointed out that China hopes to work with all parties to implement the Global Security Initiative, upholding the principles of solidarity, cooperation and common benefit in resolving security issues.

    He stressed the need for continued support for the central role of the UN and its important role in maintaining peace and security throughout the world.

    China will step up its efforts in UN peacekeeping operations, Dong Jun said, calling on all countries to provide them with firm support.

    The minister stressed that China is willing to support the training of professional peacekeepers, adding that the Chinese side will hold high-level strategic seminars and new training courses to help participating countries enhance their operational capabilities.

    China intends to optimize the composition and capabilities of its reserve peacekeeping forces and promote continuous innovation in UN peacekeeping operations by facilitating the use of new technologies, Dong Jun said.

    During his visit, the Chinese Defense Minister held talks with the UN Secretary General and Deputy Secretary General, and with defense ministers from countries such as France, Germany, Italy and Nepal. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Turkish FM Meets Russian Delegation Ahead of Istanbul Peace Talks

    Translation. Region: Russian Federal

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

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

    ISTANBUL, May 15 (Xinhua) — Turkish Foreign Minister Hakan Fidan met with the Russian delegation for peace talks with Ukraine, led by Russian presidential aide Vladimir Medinsky, in Istanbul on Thursday.

    The meeting took place behind closed doors at around 21:00 local time /18:00 GMT/ at the presidential residence Dolmabahce.

    According to the Turkish Foreign Ministry, talks between Moscow and Kiev are scheduled for May 16. They will be attended by delegations from Russia, Ukraine, headed by Defense Minister Rustem Umerov, and the United States, headed by Secretary of State Marco Rubio.

    H. Fidan is also expected to take part in the talks.

    Russian President Vladimir Putin on May 11 proposed resuming direct talks with Ukraine in Istanbul, which were interrupted three years ago. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: China’s Vice Premier Calls for High Level of S&T Independence to Promote High-Quality Development

    Translation. Region: Russian Federal

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

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

    WUHAN, May 15 (Xinhua) — Chinese Vice Premier Ding Xuexiang has stressed the need for China to accelerate its achievement of a high level of scientific and technological self-sufficiency, build a modernized industrial system, and promote high-quality development.

    Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks during an inspection tour of Hubei Province in central China from May 12 to 14.

    After visiting three scientific and technological enterprises, he noted the central role of enterprises in scientific and technological innovation and called for more innovation resources to be directed to enterprises, helping them overcome difficulties and problems.

    According to the Vice Premier of the State Council, it is necessary to deepen the integration of scientific and industrial innovation, expand high-quality scientific and technological supply, improve the stability and safety of production and supply chains, and accelerate the transition of industry to high-tech, intelligent and environmentally friendly production.

    At Huazhong University of Science and Technology and Jiufengshan Laboratory, Ding Xuexiang learned about the innovative higher education system and the development of scientific journals. He emphasized the importance of strengthening the links between basic research, technological development and practical application, pointing to the need to solve key and common technological problems and to more widely apply scientific achievements into practice.

    During the inspection of the Gezhouba Dam, Ding Xuexiang said that restoring the ecological environment of the Yangtze River should remain a priority. He called for strengthening wastewater and solid waste management, promoting green upgrading of shipping equipment, and reducing pollutant emissions at source to protect the river’s water quality. –0–

    MIL OSI Russia News –

  • MIL-OSI: Welsbach Technology Metals Acquisition Corp. (“WTMA”) and Evolution Metals LLC (“EM”) Announce Effectiveness of SEC Registration Statement Ahead of Strategic Business Combination

    Source: GlobeNewswire (MIL-OSI)

    Chicago, IL and St. Louis, MO , May 15, 2025 (GLOBE NEWSWIRE) — Welsbach Technology Metals Acquisition Corp. (OTC: WTMA), a publicly traded special purpose acquisition company, and Evolution Metals LLC, which is dedicated to developing a secure, reliable global supply chain for critical minerals and materials (CMM), today announced that the U.S. Securities and Exchange Commission (“SEC”) has declared effective their registration statement on Form S-4, paving the way for the consummation of this previously- announced business combination.

    In connection with the business combination WTMA and EM plan to acquire 100% interest of five operating companies: (1) KCM Industry Co., Ltd., (2) NS World Co., Ltd., (3) KMMI INC., (4) Handa Lab Co., Ltd., and (5) Critical Mineral Recovery, Inc. Upon closing, the combined company will be renamed Evolution Metals & Technologies Corp. (“EM&T” or referred to in the Form S-4 as “New EM”), and expects to trade on Nasdaq under the symbol EMAT.

    EM&T’s business is to leverage advanced technologies such as robotics and artificial intelligence (AI) to provide integrated midstream and downstream CMM recycling and processing of oxides, metals, magnet alloys, battery materials, and rare earth magnets for key industries including, but not limited to, the automotive, aerospace, defense, healthcare, high tech, consumer electronics and appliances, and renewable energy industries, while driving a sustainable future.

    “This is an important step in our mission to build a Western critical materials champion,” said Daniel Mamadou, CEO of Welsbach Technology Metals Acquisition Corp. “It perfectly aligns with our original vision to bring together proven technologies, experienced operators, and strategic capital to solve one of the most urgent supply chain vulnerabilities in the Western world. EM&T is not just another company – we believe it is the platform that will deliver on what others have only promised.”

    David Wilcox, Managing Member of Evolution Metals LLC, added, “Today marks a transformative step toward American resilience in critical materials. This merger represents a direct response to the policy imperatives outlined by the U.S. government from reshoring strategic industries to securing CMM supply chains. The future of EM&T is built to execute on those priorities with speed and scale. “The immediate need for critical minerals and materials is mid-stream processing. Without the combined expertise of separation, salts for batteries, metals, alloys, metallics, sintered and bonded magnet-making capabilities under one Western roof, Chinese companies will continue to monopolize key steps in this supply chain, leaving all other nations and industries vulnerable. By integrating CMM recycling, processing, and advanced materials production, EM&T expects to be positioned to reduce dependence on China-controlled supply chains and strengthen America’s industrial and national security. EM&T plans to deliver real impact – environmentally, strategically, and economically.”

    About Welsbach Technology Metals Acquisition Corp.

    Welsbach Technology Metals Acquisition Corp. (OTC: WTMA) is a blank check company focused on identifying high-impact technology metals businesses aligned with global sustainability and security trends. One of WTMA’s co-sponsors, Welsbach Holdings Pte Ltd, is an independent platform focused on the support and development of projects related to technology metals and materials.

    About Evolution Metals LLC

    Evolution Metals LLC is committed to establishing a secure, robust and reliable supply chain for critical minerals & materials (CMM) that is 100% independent of China for sourcing or supplying feedstocks. EM’s strategy is to acquire and develop manufacturing, recycling and processing facilities to produce essential products (including magnets, battery feedstocks and related materials) for industrial uses such as, but not limited to, electric vehicles, electronics, environmental technologies and aerospace and defense applications. EM aims to support the creation of jobs, industry and manufacturing to promote a greener future by providing bespoke solutions to support its clients globally.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements made in this press release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “can,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “strive,” “target,” “will,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking . The forward-looking statements are based on the current expectations and beliefs of the management of WTMA and EM, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by WTMA and the following: WTMA’s ability to complete the proposed Business Combination or, if WTMA does not consummate such proposed Business Combination, any other initial business combination; the risk that the consummation of the proposed Business Combination is significantly delayed; the ability to recognize the anticipated benefits of the proposed Business Combination; the risk that the announcement and consummation of the proposed Business Combination disrupts EM’s current plans; New EM’s ability to successfully integrate the business and operations of the target companies (the “Target Companies”) into its ongoing business operations and realize the intended benefits of New EM’s acquisition of the Target Companies; New EM’s ability to secure sufficient funding to successfully rebuild Critical Mineral Recovery Inc.’s recycling facility with significant expansion on management’s expected timeline and budget, or at all; unexpected costs related to the proposed Business Combination; expectations regarding New EM’s strategies and future financial performance, including future business plans, expansion and acquisition plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, product and service acceptance, market trends, liquidity, cash flows and uses of cash, capital expenditures, and New EM’s ability to invest in growth initiatives; satisfaction or waiver (if applicable) of the conditions to the proposed Business Combination, including, among other things: (i) approval of the proposed Business Combination and related agreements and transactions by the WTMA stockholders, the holder of the EM member units and the holders of the equity interests of the other Target Companies, (ii) receipt of approval for listing on Nasdaq Stock Market LLC (“Nasdaq”) the shares of WTMA common stock to be issued in connection with the Business Combination, and (iii) the absence of any injunctions; that the amount of cash available in the trust account and from certain other investments is at least equal to the minimum available cash condition amount, after giving effect to redemptions by WTMA stockholders and certain transaction expenses; the occurrence of any other event, change or other circumstances that could give rise to the termination of the Merger Agreement; the implementation, market acceptance and success of New EM’s business model and growth strategy; the ability to obtain or maintain the listing of New EM’s common stock on Nasdaq following the proposed Business Combination; limited liquidity and trading of WTMA’s public securities; the amount of any redemptions by existing holders of WTMA common stock being greater than expected; WTMA’s ability to raise financing in the future; WTMA’s success in retaining or recruiting, or changes required in, New EM’s officers, key employees or directors following the completion of the proposed Business Combination; WTMA officers and directors allocating their time to other businesses and potentially having conflicts of interest with WTMA’s business or in approving the proposed Business Combination; the use of proceeds not held in the trust account or available to WTMA from interest income on the trust account balance; the impact of the regulatory environment and complexities with compliance related to such environment, including New EM’s ability to meet, and continue to meet, applicable regulatory requirements; New EM’s ability to execute its business plan, including with respect to its technical development and commercialization of products, and its growth and go-to-market strategies; New EM’s ability to achieve sustained, long-term profitability and commercial success; operational risks, including with respect to New EM’s use of agents or resellers in certain jurisdictions, New EM’s ability to scale up its manufacturing quantities of its products, New EM’s outsourcing of manufacturing and such manufacturers’ ability to satisfy New EM’s manufacturing needs on a timely basis, the availability of components or raw materials used to manufacture New EM’s products and New EM’s ability to process customer order backlog; New EM’s revenue deriving from a limited number of customers; geopolitical risk and changes in applicable laws or regulations, including with respect to New EM’s planned operations outside of the U.S. and Korea; New EM’s ability to attract and retain talented personnel; New EM’s ability to compete with companies that have significantly more resources; New EM’s ability to meet certain certification and compliance standards; New EM’s ability to protect its intellectual property rights and ability to protect itself against potential intellectual property infringement claims; the outcome of any known and unknown litigation and regulatory proceedings, including any proceedings that may be instituted against WTMA or EM following announcement of the proposed Business Combination; the potential characterization of New EM as an investment company subject to the Investment Company Act of 1940, as amended; and other factors detailed under the section entitled “Risk Factors” in the Registration Statement on Form S 4, initially filed with the SEC on November 12, 2024, as amended (the “Registration Statement”). Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of WTMA, EM and the other Target Companies prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Except to the extent required by applicable law or regulation, WTMA, EM and the other Target Companies undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

    Additional Information and Where to Find It

    WTMA has filed the Registration Statement with the SEC, which was declared effective by the SEC on May 14, 2025. The Registration Statement includes a document that serves as a proxy statement and prospectus of WTMA, referred to as a “proxy statement/prospectus,” containing information about the proposed Business Combination and the respective businesses of WTMA, EM and the Target Companies. WTMA will mail a definitive proxy statement/prospectus and other relevant documents to WTMA stockholders. WTMA stockholders are urged to read the preliminary proxy statement/prospectus and any amendments thereto and, when available, the definitive proxy statement/prospectus in connection with the solicitation of proxies for the special meeting to be held to approve the proposed Business Combination, because these documents will contain important information about WTMA, EM, the other Target Companies and the proposed Business Combination. The definitive proxy statement/prospectus will be mailed to stockholders of WTMA as of a record date established for voting on the proposed Business Combination. Stockholders of WTMA will also be able to obtain a free copy of the proxy statement/prospectus, as well as other filings containing information about WTMA without charge, at the SEC’s website (www.sec.gov). Copies of the proxy statement/prospectus and WTMA’s other filings with the SEC can also be obtained, without charge, by directing a request to: chris@welsbach.sg. The information contained in, or that can be accessed through, WTMA’s website is not incorporated by reference in, and is not part of, this press release.

    No Offer or Solicitation

    This press release does not constitute (i) a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed Business Combination, or (ii) an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a definitive offering document.

    Participants in the Solicitation

    WTMA and EM and their respective directors and officers or managers and other members of management and employees may be deemed participants in the solicitation of proxies in connection with the proposed Business Combination. WTMA stockholders and other interested persons may obtain, without charge, more detailed information regarding directors and officers of WTMA in WTMA’s proxy statement/prospectus. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies from WTMA’s stockholders in connection with the proposed Business Combination will be included in the proxy statement/prospectus that WTMA intends to file with the SEC.

    Investor & Media Contacts

    Judith McGarry
    Evolution Metals LLC
    Tel: +1 (415) 971-2900
    Email: judith.mcgarry@evolution-metals.com

    Daniel Mamadou
    Chief Executive Officer
    Welsbach Technology Metals Acquisition Corp.
    Tel: +1 (251) 280-1980
    Email: daniel@welsbach.sg

    Private Investment in Public Equity (“PIPE”)
    Email: PIPE@Evolution-Metals.com

    The MIL Network –

  • MIL-OSI USA: Rep. Bera Leads Bipartisan, Bicameral Legislation to Establish Permanent U.S. Ambassador-at-Large for Arctic Affairs

    Source: United States House of Representatives – Representative Ami Bera (D-CA)

    U.S. Representative Ami Bera, M.D. (D-CA-06), a senior member of the House Foreign Affairs Committee, introduced bipartisan legislation to establish a permanent Ambassador-at-Large for Arctic Affairs within the U.S. Department of State. 

    Following its initial creation by the State Department in 2022, this bill would formally codify the position of U.S. Ambassador-at-Large for Arctic Affairs to ensure the role becomes a permanent fixture of U.S. foreign policy and Arctic engagement.

    Representatives Rick Larsen (D-WA-02) and Mark Amodei (R-NV-02) joined Bera in introducing the bill in the House. Companion legislation has been introduced in the Senate by Senator Lisa Murkowski (R-AK).

    “The Arctic is a critical region for U.S. national security, economic development and environmental preservation,” said Representative Bera. “From increased ship traffic to growing competition with Russia and China, the United States must ensure we have a strong, unified presence in the Arctic. This legislation will help us do just that by formally establishing a senior diplomat position charged with leading and coordinating America’s Arctic strategy.”

    Reporting directly to the Secretary of State, the Ambassador-at-Large would coordinate efforts across federal agencies and international partners to advance U.S. security and scientific interests, strengthen Arctic cooperation, promote sustainable development, protect the environment and empower Indigenous Arctic communities.

    “As a member of the House Foreign Affairs Committee, I’ve seen firsthand how Arctic issues—from melting ice caps to rising geopolitical tensions—impact both U.S. national security and global stability,” Bera added. “This Ambassador will ensure the United States leads with our values, partners with our allies and protects one of the most strategically significant regions of the world.”

    “Establishing a permanent ambassador-level position is an important step to coordinate U.S. interests in the Arctic,” said Rep. Larsen. “The position also demonstrates Congress’ bipartisan commitment to international cooperation with regional partners on Arctic policy.”

    “A strong U.S. presence in the Arctic is essential to securing our geopolitical interests and countering adversarial influence,” said Rep. Mark Amodei. “As the region presents growing strategic opportunities in security, science, and development, U.S. representation ensures we remain a leading voice in shaping its future and advancing shared values with our allies.”

    You can read the full legislation here.

    MIL OSI USA News –

  • MIL-OSI: Applied Materials Announces Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    • Revenue $7.10 billion, up 7 percent year over year
    • GAAP gross margin 49.1 percent and non-GAAP gross margin 49.2 percent
    • GAAP operating margin 30.5 percent and non-GAAP operating margin 30.7 percent
    • Record GAAP EPS $2.63 and record non-GAAP EPS $2.39, up 28 percent and 14 percent year over year, respectively
    • Generated $1.57 billion in cash from operations and distributed $2.00 billion to shareholders including $1.67 billion in share repurchases and $325 million in dividends

    SANTA CLARA, Calif., May 15, 2025 (GLOBE NEWSWIRE) — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its second quarter ended Apr. 27, 2025.

    “Applied Materials’ broad capabilities and connected product portfolio are driving strong results in 2025 amidst a highly dynamic macro environment,” said Gary Dickerson, President and CEO. “High-performance, energy-efficient AI computing remains the dominant driver of semiconductor innovation, and Applied is working closely with our customers and partners to accelerate the industry’s roadmap. We are very well positioned at major technology inflections in fast-growing areas of the market, which supports our multi-year growth trajectory.”

    “We delivered strong performance in our second fiscal quarter with seven percent year-over-year revenue growth, record earnings per share and shareholder distributions of nearly $2 billion,” said Brice Hill, Senior Vice President and CFO. “Despite the dynamic economic and trade environment, we have not seen significant changes to customer demand and are well-equipped to navigate evolving conditions with our robust global supply chain and diversified manufacturing footprint.”

    Results Summary

      Q2 FY2025   Q2 FY2024   Change
      (In millions, except per share amounts and percentages)
    Net revenue $ 7,100     $ 6,646     7%
    Gross margin   49.1 %     47.4 %   1.7 points
    Operating margin   30.5 %     28.8 %   1.7 points
    Net income $ 2,137     $ 1,722     24%
    Diluted earnings per share $ 2.63     $ 2.06     28%
    Non-GAAP Results          
    Non-GAAP gross margin   49.2 %     47.5 %   1.7 points
    Non-GAAP operating margin   30.7 %     29.0 %   1.7 points
    Non-GAAP net income $ 1,940     $ 1,744     11%
    Non-GAAP diluted EPS $ 2.39     $ 2.09     14%
    Non-GAAP free cash flow $ 1,061     $ 1,135     (7)%
                       

    A reconciliation of the GAAP and non-GAAP results is provided in the financial tables included in this release. See also “Use of Non-GAAP Financial Measures” section.

    Business Outlook

    Applied’s total net revenue, non-GAAP gross margin and non-GAAP diluted EPS for the third quarter of fiscal 2025 are expected to be approximately as follows:

             
      Q3 FY2025
    (In millions, except percentage and per share amounts)  
    Total net revenue $ 7,200   +/-   $ 500  
    Non-GAAP gross margin   48.3 %      
    Non-GAAP diluted EPS $ 2.35   +/-   $ 0.20  
                     

    This outlook for non-GAAP diluted EPS excludes known charges related to completed acquisitions of $0.01 per share, and includes a net income tax benefit related to intra-entity intangible asset transfers of $0.04 per share, but does not reflect any items that are unknown at this time, such as any additional charges related to acquisitions or other non-operational or unusual items, as well as other tax-related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty.

    Second Quarter Reportable Segment Information

    Semiconductor Systems Q2 FY2025   Q2 FY2024
    (in millions, except percentages)  
    Net revenue $ 5,255     $ 4,901  
    Foundry, logic and other   65 %     65 %
    DRAM   27 %     32 %
    Flash memory   8 %     3 %
    Operating income $ 1,900     $ 1,701  
    Operating margin   36.2 %     34.7 %
    Non-GAAP Results    
    Non-GAAP operating income $ 1,911     $ 1,711  
    Non-GAAP operating margin   36.4 %     34.9 %
    Applied Global Services Q2 FY2025   Q2 FY2024
    (in millions, except percentages)  
    Net revenue $ 1,566     $ 1,530  
    Operating income $ 446     $ 436  
    Operating margin   28.5 %     28.5 %
    Non-GAAP Results    
    Non-GAAP operating income $ 446     $ 436  
    Non-GAAP operating margin   28.5 %     28.5 %
    Display Q2 FY2025   Q2 FY2024
    (in millions, except percentages)  
    Net revenue $ 259     $ 179  
    Operating income $ 68     $ 5  
    Operating margin   26.3 %     2.8 %
    Non-GAAP Results    
    Non-GAAP operating income $ 68     $ 5  
    Non-GAAP operating margin   26.3 %     2.8 %
    Corporate and Other Q2 FY2025   Q2 FY2024
    (in millions)  
    Unallocated net revenue $ 20     $ 36  
    Unallocated cost of products sold and expenses   (265 )     (266 )
    Total $ (245 )   $ (230 )
                   

    Use of Non-GAAP Financial Measures

    Applied provides investors with certain non-GAAP financial measures, which are adjusted for the impact of certain costs, expenses, gains and losses, including certain items related to mergers and acquisitions; restructuring and severance charges and any associated adjustments; impairments of assets; gain or loss, dividends and impairments on strategic investments; certain income tax items and other discrete adjustments. On a non-GAAP basis, the tax effect related to share-based compensation is recognized ratably over the fiscal year. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included in this release.

    Management uses these non-GAAP financial measures to evaluate the company’s operating and financial performance and for planning purposes, and as performance measures in its executive compensation program. Applied believes these measures enhance an overall understanding of its performance and investors’ ability to review the company’s business from the same perspective as the company’s management, and facilitate comparisons of this period’s results with prior periods on a consistent basis by excluding items that management does not believe are indicative of Applied’s ongoing operating performance. There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles, may be different from non-GAAP financial measures used by other companies, and may exclude certain items that may have a material impact upon our reported financial results. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP.

    Webcast Information

    Applied Materials will discuss these results during an earnings call that begins at 1:30 p.m. Pacific Time today. A live webcast and related slide presentation will be available at https://ir.appliedmaterials.com . A replay will be available on the website beginning at 5:00 p.m. Pacific Time today.

    Forward-Looking Statements
    This press release contains forward-looking statements, including those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, technology transitions, our business and financial performance and market share positions, our capital allocation and cash deployment strategies, our investment and growth strategies, our development of new products and technologies, our business outlook for the third quarter of fiscal 2025 and beyond, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the level of demand for our products; global economic, political and industry conditions, including changes in interest rates and prices for goods and services; the implementation of additional export regulations and license requirements and their interpretation, and their impact on our ability to export products and provide services to customers and on our results of operations; global trade issues and changes in trade and export license policies and our ability to obtain licenses or authorizations on a timely basis, if at all; imposition of new or increases in tariffs and any retaliatory measures, including their impact on demand for our products and services; our ability to effectively mitigate the impact of tariffs; the effects of geopolitical turmoil or conflicts; demand for semiconductor chips and electronic devices; customers’ technology and capacity requirements; the introduction of new and innovative technologies, and the timing of technology transitions; our ability to develop, deliver and support new products and technologies; our ability to meet customer demand, and our suppliers’ ability to meet our demand requirements; the concentrated nature of our customer base; our ability to expand our current markets, increase market share and develop new markets; market acceptance of existing and newly developed products; our ability to obtain and protect intellectual property rights in key technologies; cybersecurity incidents affecting our information systems or information contained in them, or affecting our operations, suppliers, customers or vendors; our ability to achieve the objectives of operational and strategic initiatives, align our resources and cost structure with business conditions, and attract, motivate and retain key employees; the effects of regional or global health epidemics; acquisitions, investments and divestitures; changes in income tax laws; the variability of operating expenses and results among products and segments, and our ability to accurately forecast future results, market conditions, customer requirements and business needs; our ability to ensure compliance with applicable law, rules and regulations and other risks and uncertainties described in our SEC filings, including our recent Forms 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and we assume no obligation to update them.

    About Applied Materials

    Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future. Learn more at www.appliedmaterials.com.

    Investor Relations Contact:
    Liz Morali (408) 986-7977
    liz_morali@amat.com

    Media Contact:
    Ricky Gradwohl (408) 235-4676
    ricky_gradwohl@amat.com

     
    APPLIED MATERIALS, INC.
    UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
           
      Three Months Ended   Six Months Ended
    (In millions, except per share amounts) April 27,
    2025    		   April 28,
    2024    		   April 27,
    2025    		   April 28,
    2024
    Net revenue $ 7,100     $ 6,646     $ 14,266     $ 13,353  
    Cost of products sold   3,615       3,493       7,285       6,996  
    Gross profit   3,485       3,153       6,981       6,357  
    Operating expenses:              
    Research, development and engineering   893       785       1,752       1,539  
    Marketing and selling   216       209       422       416  
    General and administrative   207       247       463       523  
    Total operating expenses   1,316       1,241       2,637       2,478  
    Income from operations   2,169       1,912       4,344       3,879  
    Interest expense   68       59       132       118  
    Interest and other income (expense), net   221       141       229       536  
    Income before income taxes   2,322       1,994       4,441       4,297  
    Provision for income taxes   185       272       1,119       556  
    Net income $ 2,137     $ 1,722     $ 3,322     $ 3,741  
    Earnings per share:              
    Basic $ 2.64     $ 2.08     $ 4.10     $ 4.50  
    Diluted $ 2.63     $ 2.06     $ 4.08     $ 4.47  
    Weighted average number of shares:              
    Basic   809       830       811       831  
    Diluted   812       836       815       837  
                                   
     
    APPLIED MATERIALS, INC.
    UNAUDITED CONSOLIDATED CONDENSED BALANCE SHEETS
           
    (In millions) April 27,
    2025    		   October 27,
    2024
    ASSETS      
    Current assets:      
    Cash and cash equivalents $ 6,169     $ 8,022  
    Short-term investments   578       1,449  
    Accounts receivable, net   6,187       5,234  
    Inventories   5,656       5,421  
    Other current assets   1,118       1,094  
    Total current assets   19,708       21,220  
    Long-term investments   3,638       2,787  
    Property, plant and equipment, net   3,832       3,339  
    Goodwill   3,748       3,732  
    Purchased technology and other intangible assets, net   249       249  
    Deferred income taxes and other assets   2,457       3,082  
    Total assets $ 33,632     $ 34,409  
    LIABILITIES AND STOCKHOLDERS’ EQUITY      
    Current liabilities:      
    Short-term debt $ 799     $ 799  
    Accounts payable and accrued expenses   4,706       4,820  
    Contract liabilities   2,491       2,849  
    Total current liabilities   7,996       8,468  
    Long-term debt   5,462       5,460  
    Income taxes payable   321       670  
    Other liabilities   892       810  
    Total liabilities   14,671       15,408  
    Total stockholders’ equity   18,961       19,001  
    Total liabilities and stockholders’ equity $ 33,632     $ 34,409  
                   
     
    APPLIED MATERIALS, INC.
    UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
           
      Three Months Ended   Six Months Ended
    (In millions) April 27,
    2025    		   April 28,
    2024    		 April 27,
    2025    		   April 28,
    2024
    Cash flows from operating activities:              
    Net income $ 2,137     $ 1,722     $ 3,322     $ 3,741  
    Adjustments required to reconcile net income to cash provided by operating activities:              
    Depreciation and amortization   103       96       208       187  
    Share-based compensation   159       134       354       304  
    Deferred income taxes   4       (134 )     672       (206 )
    Other   (109 )     (12 )     (14 )     (247 )
    Net change in operating assets and liabilities   (723 )     (414 )     (2,046 )     (62 )
    Cash provided by operating activities   1,571       1,392       2,496       3,717  
    Cash flows from investing activities:              
    Capital expenditures   (510 )     (257 )     (891 )     (486 )
    Cash paid for acquisitions, net of cash acquired   (1 )     —       (29 )     —  
    Proceeds from asset sale   33       —       33       —  
    Proceeds from sales and maturities of investments   1,921       582       3,144       1,113  
    Purchases of investments   (1,222 )     (474 )     (2,933 )     (1,223 )
    Cash provided by (used in) investing activities   221       (149 )     (676 )     (596 )
    Cash flows from financing activities:              
    Proceeds from issuance of commercial paper   100       100       300       200  
    Repayments of commercial paper   (100 )     (100 )     (300 )     (200 )
    Proceeds from common stock issuances   129       119       129       119  
    Common stock repurchases   (1,670 )     (820 )     (2,988 )     (1,520 )
    Tax withholding payments for vested equity awards   (35 )     (41 )     (177 )     (233 )
    Payments of dividends to stockholders   (325 )     (266 )     (651 )     (532 )
    Payments of debt issuance costs   (2 )     —       (2 )     —  
    Repayments of principal on finance leases   —       (14 )     —       (13 )
    Cash used in financing activities   (1,903 )     (1,022 )     (3,689 )     (2,179 )
    Increase (decrease) in cash, cash equivalents and restricted cash equivalents   (111 )     221       (1,869 )     942  
    Cash, cash equivalents and restricted cash equivalents—beginning of period   6,355       6,954       8,113       6,233  
    Cash, cash equivalents and restricted cash equivalents — end of period $ 6,244     $ 7,175     $ 6,244     $ 7,175  
                   
    Reconciliation of cash, cash equivalents, and restricted cash equivalents              
    Cash and cash equivalents $ 6,169     $ 7,085     $ 6,169     $ 7,085  
    Restricted cash equivalents included in deferred income taxes and other assets   75       90       75       90  
    Total cash, cash equivalents, and restricted cash equivalents $ 6,244     $ 7,175     $ 6,244     $ 7,175  
                   
    Supplemental cash flow information:              
    Cash payments for income taxes $ 763     $ 467     $ 833     $ 606  
    Cash refunds from income taxes $ 5     $ 3     $ 75     $ 5  
    Cash payments for interest $ 68     $ 68     $ 120     $ 102  
                                   

    Additional Information

      Q2 FY2025   Q2 FY2024
    Net Revenue by Geography (In millions)  
    United States $ 808     $ 853  
    % of Total   11 %     13 %
    Europe $ 252     $ 289  
    % of Total   4 %     4 %
    Japan $ 572     $ 453  
    % of Total   8 %     7 %
    Korea $ 1,562     $ 988  
    % of Total   22 %     15 %
    Taiwan $ 1,997     $ 1,019  
    % of Total   28 %     15 %
    Southeast Asia $ 135     $ 213  
    % of Total   2 %     3 %
    China $ 1,774     $ 2,831  
    % of Total   25 %     43 %
           
    Employees(In thousands)      
    Regular Full Time   36.0       34.8  
                   
     
    APPLIED MATERIALS, INC.
    UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS
           
      Three Months Ended   Six Months Ended
    (In millions, except percentages) April 27,
    2025    		   April 28,
    2024    		   April 27,
    2025    		   April 28,
    2024
    Non-GAAP Gross Profit              
    GAAP reported gross profit $ 3,485     $ 3,153     $ 6,981     $ 6,357  
    Certain items associated with acquisitions1   6       7       13       14  
    Non-GAAP gross profit $ 3,491     $ 3,160     $ 6,994     $ 6,371  
    Non-GAAP gross margin   49.2 %     47.5 %     49.0 %     47.7 %
    Non-GAAP Operating Income              
    GAAP reported operating income $ 2,169     $ 1,912     $ 4,344     $ 3,879  
    Certain items associated with acquisitions1   11       10       23       21  
    Acquisition integration and deal costs   —       5       3       8  
    Non-GAAP operating income $ 2,180     $ 1,927     $ 4,370     $ 3,908  
    Non-GAAP operating margin   30.7 %     29.0 %     30.6 %     29.3 %
    Non-GAAP Net Income              
    GAAP reported net income $ 2,137     $ 1,722     $ 3,322     $ 3,741  
    Certain items associated with acquisitions1   11       10       23       21  
    Acquisition integration and deal costs   —       5       3       8  
    Realized loss (gain), dividends and impairments on strategic investments, net   (18 )     (3 )     (27 )     (4 )
    Unrealized loss (gain) on strategic investments, net   (80 )     (20 )     26       (300 )
    Foreign exchange loss (gain) related to purchase of strategic investment   23       —       23       —  
    Loss (gain) on asset sale   (44 )     —       (44 )     —  
    Income tax effect of share-based compensation2   4       11       (6 )     (15 )
    Income tax effects related to intra-entity intangible asset transfers3   32       18       706       40  
    Resolution of prior years’ income tax filings and other tax items   (124 )     —       (140 )     33  
    Income tax effect of non-GAAP adjustments4   (1 )     1       —       2  
    Non-GAAP net income $ 1,940     $ 1,744     $ 3,886     $ 3,526  
    1   These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets.
         
    2   GAAP basis tax benefit related to share-based compensation is recognized ratably over the fiscal year on a non-GAAP basis.
         
    3   Amount for the six months ended April 27, 2025, included changes to income tax provision of $62 million from amortization of intangibles and a $644 million remeasurement of deferred tax assets resulting from new tax incentive agreements in Singapore in the first quarter of fiscal 2025.
         
    4   Adjustment to provision for income taxes related to non-GAAP adjustments reflected in income before income taxes.
         
     
    APPLIED MATERIALS, INC.
    UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS
           
      Three Months Ended   Six Months Ended
    (In millions, except per share amounts) April 27,
    2025    		   April 28,
    2024    		   April 27,
    2025    		   April 28,
    2024
    Non-GAAP Earnings Per Diluted Share              
    GAAP reported earnings per diluted share $ 2.63     $ 2.06     $ 4.08     $ 4.47  
    Certain items associated with acquisitions   0.01       0.01       0.02       0.02  
    Acquisition integration and deal costs   —       0.01       —       0.01  
    Realized loss (gain), dividends and impairments on strategic investments, net   (0.02 )     —       (0.03 )     —  
    Unrealized loss (gain) on strategic investments, net   (0.10 )     (0.02 )     0.03       (0.36 )
    Foreign exchange loss (gain) related to purchase of strategic investment   0.03       —       0.03       —  
    Loss (gain) on asset sale   (0.05 )     —       (0.05 )     —  
    Income tax effect of share-based compensation   —       0.01       (0.01 )     (0.02 )
    Income tax effects related to intra-entity intangible asset transfers1   0.04       0.02       0.87       0.05  
    Resolution of prior years’ income tax filings and other tax items   (0.15 )     —       (0.17 )     0.04  
    Non-GAAP earnings per diluted share $ 2.39     $ 2.09     $ 4.77     $ 4.21  
    Weighted average number of diluted shares   812       836       815       837  
    1   Amount for the six months ended April 27, 2025, included changes to income tax provision of $0.08 per diluted share from amortization of intangibles and $0.79 per diluted share from a remeasurement of deferred tax assets resulting from new tax incentive agreements in Singapore in the first quarter of fiscal 2025.
         
     
    APPLIED MATERIALS, INC.
    UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS
           
      Three Months Ended   Six Months Ended
    (In millions, except percentages) April 27,
    2025    		   April 28,
    2024    		   April 27,
    2025    		   April 28,
    2024
    Semiconductor Systems Non-GAAP Operating Income              
    GAAP reported operating income $ 1,900     $ 1,701     $ 3,886     $ 3,445  
    Certain items associated with acquisitions1   11       10       23       20  
    Non-GAAP operating income $ 1,911     $ 1,711     $ 3,909     $ 3,465  
    Non-GAAP operating margin   36.4 %     34.9 %     36.8 %     35.3 %
    Applied Global Services Non-GAAP Operating Income              
    GAAP reported operating income $ 446     $ 436     $ 893     $ 853  
    Non-GAAP operating income $ 446     $ 436     $ 893     $ 853  
    Non-GAAP operating margin   28.5 %     28.5 %     28.3 %     28.4 %
    Display Non-GAAP Operating Income              
    GAAP reported operating income $ 68     $ 5     $ 82     $ 30  
    Non-GAAP operating income $ 68     $ 5     $ 82     $ 30  
    Non-GAAP operating margin   26.3 %     2.8 %     18.6 %     7.1 %
    1    These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets.
         

    Note: The reconciliation of GAAP and non-GAAP segment results above does not include certain revenues, costs of products sold and operating expenses that are reported within corporate and other and included in consolidated operating income.

     
    APPLIED MATERIALS, INC.
    UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP EFFECTIVE INCOME TAX RATE
       
      Three Months Ended
    (In millions, except percentages) April 27, 2025
       
    GAAP provision for income taxes (a) $ 185  
    Income tax effect of share-based compensation   (4 )
    Income tax effects related to intra-entity intangible asset transfers   (32 )
    Resolutions of prior years’ income tax filings and other tax items   124  
    Income tax effect of non-GAAP adjustments   1  
    Non-GAAP provision for income taxes (b) $ 274  
       
    GAAP income before income taxes (c) $ 2,322  
    Certain items associated with acquisitions   11  
    Realized loss (gain), dividends and impairments on strategic investments, net   (18 )
    Unrealized loss (gain) on strategic investments, net   (80 )
    Foreign exchange loss (gain) related to purchase of strategic investment   23  
    Loss (gain) on asset sale   (44 )
    Non-GAAP income before income taxes (d) $ 2,214  
       
    GAAP effective income tax rate (a/c)   8.0 %
       
    Non-GAAP effective income tax rate (b/d)   12.4 %
           
     
    UNAUDITED RECONCILIATION OF NON-GAAP FREE CASH FLOW
           
      Three Months Ended   Six Months Ended
    (In millions) April 27,
    2025    		   April 28,
    2024    		   April 27,
    2025    		   April 28,
    2024
    Cash provided by operating activities $ 1,571     $ 1,392     $ 2,496     $ 3,717  
    Capital expenditures   (510 )     (257 )     (891 )     (486 )
    Non-GAAP free cash flow $ 1,061     $ 1,135     $ 1,605     $ 3,231  
                                   

    The MIL Network –

  • MIL-OSI: Dragonfly Energy Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    First Quarter Net Sales and Adjusted EBITDA Above Guidance
    OEM Net Sales Increased 11% Year-Over-Year
    Corporate Optimization Program Enhances Operational Efficiencies
    Guides to Second Quarter Net Sales of Approximately $14.8 Million

    First Quarter 2025 Financial Highlights
    (All comparisons made are against the prior-year period)

    • Net sales were $13.4 million, compared to $12.5 million, up 6.8%.
    • OEM net sales were $8.1 million, compared to $7.3 million, up 10.8%.
    • Gross Margin was 29.4%, compared to 24.4%, up 500 basis points.
    • Net Loss was $(6.8) million, compared to $(10.4) million.
    • Adjusted EBITDA was $(3.6) million, compared to $(5.2) million.

    RENO, Nev., May 15, 2025 (GLOBE NEWSWIRE) — Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the “Company”) (Nasdaq: DFLI), an industry leader in energy storage and battery technology, today reported its financial and operational results for the first quarter ended March 31, 2025.

    “We are pleased to report a second consecutive quarter of year-over-year revenue growth, driven by demand from OEM customers, demonstrating the strength of our long-term partnerships, proprietary product offerings and compelling value propositions,” commented Dr. Denis Phares, Chief Executive Officer. “While the RV market continues to navigate headwinds, we are seeing encouraging customer adoption trends, along with continued penetration of the large heavy duty trucking market.”

    “During the first quarter of 2025, we continued to implement our corporate optimization initiative, prioritizing product development to drive near term revenue and profit. For instance, this strategic shift is accelerating our development of purpose-built solutions for the trucking and industrial markets, resulting in the recent launch of our Battle Born DualFlow Power Pack, a practical, cost-effective hybrid electrification solution for the trucking industry.”

    “We have also focused on optimizing our manufacturing efficiency and throughput, enabling us to increase our production capacity without the need for increased headcount,” continued Dr. Phares. “We believe these operational improvements, together with the capital raise completed in February 2025, provide the foundation for our path to revenue growth and profitability.”

    First Quarter 2025 Financial and Operating Results
    (All financial result comparisons made are against the prior-year period unless otherwise noted)

     
    Net Sales by Customer Type
    (in thousands)
           
      Fiscal Quarter Ended  
      March 31, 2025 March 31, 2024 Change (YoY)
    OEM $8,091 $7,302 10.8%
    DTC $5,015 $5,203 -3.6%
    Licensing Fee $250 N/A N/A
    Net Sales $13,356 $12,505 6.8%
     

    Net Sales increased 6.8% to $13.4 million. OEM net sales grew 10.8% to $8.1 million, driven by increased adoption on new models by existing customers. DTC net sales were $5.0 million compared to $5.2 million, reflecting ongoing macroeconomic pressures.

    Gross Profit increased 28.7% to $3.9 million. Gross Margin was 29.4%, up 500 basis points from 24.4%, due to higher volume. Operating Expenses were $9.8 million, compared to $8.9 million. The increase was primarily due to one-time expenses related to patent litigation and the capital raise completed in February 2025.

    The Company reported a Net Loss of $(6.8) million, or $(0.93) per diluted share, compared to Net Loss of $(10.4) million or $(1.55) per diluted share. Adjusted EBITDA excluding stock-based compensation, changes in the fair market value of our warrants, and other one-time expenses, was $(3.6) million, compared to $(5.2) million.

    Summary and Outlook

    “Looking ahead, we believe Dragonfly Energy’s growing U.S.-based production capabilities—including direct control over final assembly—along with our strategic onshoring of select components, will help strengthen our competitive position in today’s volatile tariff environment. In parallel, we are taking steps to mitigate tariff-related impacts by negotiating favorable terms with suppliers and working closely with key customers regarding potential price adjustments. We remain optimistic in our ability to navigate the current macro environment while continuing to execute on our growth initiatives.”

    “For the second quarter we anticipate net sales of $14.8 million, representing year-over-year growth of approximately 12%. Our strategic priorities for the year remain focused on driving value through product innovation, revenue diversification, and prudent cost management” Dr. Phares concluded.

    Q2 2025 Guidance

    • Net Sales of approximately $14.8 million
    • Adjusted EBITDA of approximately $(3.5) million

    Webcast Information

    The Dragonfly Energy management team will host a conference call to discuss its first quarter 2025 financial and operational this afternoon, May 15, 2025, at 4:30PM Eastern Time. The call can be accessed live via webcast by clicking here, or through the Events and Presentations page within the Investor Relations section of Dragonfly Energy’s website at https://investors.dragonflyenergy.com/events-and-presentations/default.aspx. The call can also be accessed live via telephone by dialing (646) 564-2877, toll-free in North America (800) 549-8228, or for international callers +1 (289) 819-1520, and referencing conference ID: 76172. Please log in to the webcast or dial in to the call at least 10 minutes prior to the start of the event.

    An archive of the webcast will be available for a period of time shortly after the call on the Events and Presentations page on the Investor Relations section of Dragonfly Energy’s website, along with the earnings press release.

    About Dragonfly Energy

    Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

    To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit https://investors.dragonflyenergy.com/.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and statements regarding the Company’s intent, belief or expectations, including, but not limited to, statements regarding the Company’s guidance for 2025, results of operations and financial position, planned products and services, business strategy and plans, market size and growth opportunities, competitive position and technological and market trends. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions.

    These forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the Company’s control) which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may impact such forward-looking statements include, but are not limited to: improved recovery in the Company’s core markets, including the RV market; the Company’s ability to successfully increase market penetration into target markets; the Company’s ability to penetrate the heavy-duty trucking and other new markets; the growth of the addressable markets that the Company intends to target; the Company’s ability to retain members of its senior management team and other key personnel; the Company’s ability to maintain relationships with key suppliers including suppliers in China; the Company’s ability to maintain relationships with key customers; the Company’s ability to access capital as and when needed under its $150 million ChEF Equity Facility; the Company’s ability to protect its patents and other intellectual property; the Company’s ability to successfully utilize its patented dry electrode battery manufacturing process and optimize solid state cells as well as to produce commercially viable solid state cells in a timely manner or at all, and to scale to mass production; the Company’s ability to timely achieve the anticipated benefits of its licensing arrangement with Stryten Energy LLC; the Company’s ability to achieve the anticipated benefits of its customer arrangements with THOR Industries and THOR Industries’ affiliated brands (including Keystone RV Company); the Company’s ability to maintain the listing of its common stock and public warrants on the Nasdaq Capital Market; the Russian/Ukrainian conflict; the Company’s ability to generate revenue from future product sales and its ability to achieve and maintain profitability; and the Company’s ability to compete with other manufacturers in the industry and its ability to engage target customers and successfully convert these customers into meaningful orders in the future. These and other risks and uncertainties are described more fully in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 to be filed with the SEC and in the Company’s subsequent filings with the SEC available at www.sec.gov.

    If any of these risks materialize or any of the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company presently does not know or that it currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements contained in this press release speak only as of the date they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

    Financial Tables

     
    Dragonfly Energy Holdings Corp.
    Unaudited Condensed Consolidated Balance Sheets
    (U.S. Dollars in thousands, except share and per share data)
           
      As of
      March 31, 2025   December 31, 2024
    Current Assets      
    Cash and cash equivalents $ 2,803     $ 4,849  
    Accounts receivable, net of allowance for credit losses 4,228     2,416  
    Inventory 21,728     21,716  
    Prepaid expenses 932     806  
    Prepaid inventory 2,031     1,362  
    Prepaid income tax 311     307  
    Assets held of sale 644     644  
    Other current assets 771     825  
    Total Current Assets 33,448     32,925  
    Property and Equipment      
    Property and Equipment, Net 21,252     22,107  
    Operating lease right of use asset 19,079     19,737  
    Other assets 445     445  
    Total Assets $ 74,224     $ 75,214  
    Current Liabilities      
    Accounts payable $ 13,012     $ 10,716  
    Accrued payroll and other liabilities 4,438     4,129  
    Accrued tariffs 1,945     1,915  
    Accrued settlement, current portion 750     750  
    Customer deposits 137     317  
    Deferred revenue, current portion 1,000     1,000  
    Uncertain tax position liability 55     55  
    Operating lease liability, current portion 2,985     2,926  
    Financing lease liability, current portion 48     47  
    Total Current Liabilities 24,370     21,855  
    Long‑Term Liabilities      
    Deferred revenue, net of current portion 3,333     3,583  
    Warrant liabilities 2,011     5,133  
    Accrued settlement, net of current portion 1,750     1,750  
    Notes payable, net of debt issuance costs 33,624     29,646  
    Operating lease liability, net of current portion 21,823     22,588  
    Financing lease liability, net of current portion 51     63  
    Total Long‑Term Liabilities 62,592     62,763  
    Total Liabilities 86,962     84,618  
    Commitments and Contingencies (See Note 5)      
    Series A Preferred stock      
    Preferred stock-Series A 5,000 shares at $0.0001 par value, authorized, 
    320 and 0 shares issued and outstanding as of March 31, 2025 and 
    December 31, 2024, respectively    		 2,907     –  
    Stockholders’ (Deficit) Equity      
    Preferred stock, 4,995,000 shares at $0.0001 par value, authorized, no shares issued and
    outstanding as of March 31, 2025 and December 31, 2024, respectively    		   –       –  
    Common stock, 250,000,000 shares at $0.0001 par value, authorized, 7,589,642 and 6,695,587
    shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively    		 1     1  
    Additional paid in capital 73,305     72,749  
    Accumulated deficit (88,951 )   (82,154 )
    Total Stockholders’ (Deficit) (15,645 )   (9,404 )
    Total Liabilities, Series A Preferred Stock and Stockholders’ Deficit $ 74,224     $ 75,214  
           
    Dragonfly Energy Holdings Corp.
    Unaudited Condensed Interim Consolidated Statement of Operations
    (U.S. Dollar in Thousands, except share and per share data)
      Three Months Ended
      March 31,   March 31,
        2025       2024  
           
    Net Sales $ 13,356     $ 12,505  
           
    Cost of Goods Sold   9,428       9,454  
           
    Gross Profit   3,928       3,051  
           
    Operating Expenses      
    Research and development   1,000       1,333  
    General and administrative   6,357       4,813  
    Selling and marketing   2,485       2,744  
           
    Total Operating Expenses   9,842       8,890  
           
    Loss From Operations   (5,914 )     (5,839 )
           
    Other Income (Expense)      
    Interest expense   (4,701 )     (4,760 )
    Other Expense   –       (4 )
    Change in fair market value of warrant liability   3,818       236  
    Total Other Expense   (883 )     (4,528 )
           
    Net Loss Before Taxes   (6,797 )     (10,367 )
           
    Income Tax (Benefit) Expense   –       –  
           
    Net Loss $ (6,797 )   $ (10,367 )
           
    Net (Loss) Gain Per Share‑ Basic & Diluted $ (0.93 )   $ (1.55 )
    Weighted Average Number of Shares‑ Basic & Diluted   7,327,620       6,695,587  
           
    Dragonfly Energy Holdings Corp.
    Unaudited Condensed Consolidated Statement of Cash Flows
    Three Months Ended
    (U.S. in thousands)
        March 31,        March 31,   
        2025       2024  
    Cash flows from Operating Activities      
    Net Loss $ (6,797 )   $ (10,367 )
    Adjustments to Reconcile Net Loss to Net Cash      
    Used in Operating Activities      
    Stock based compensation   220       266  
    Amortization of debt discount   1,095       894  
    Change in fair market value of warrant liability   (3,818 )     (236 )
    Non‑cash interest expense (paid‑in-kind)   3,579       1,260  
    Provision for credit losses   103       47  
    Depreciation and amortization   859       332  
    Amortization of right of use assets   658       422  
    Changes in Assets and Liabilities      
    Accounts receivable   (1,915 )     (655 )
    Inventories   (12 )     5,200  
    Prepaid expenses   (126 )     (71 )
    Prepaid inventory   (669 )     (87 )
    Other current assets   54       (591 )
    Income taxes payable   (4 )     174  
    Accounts payable and accrued expenses   3,379       81  
    Operating Lease Liability   (717 )     (181 )
    Accrued tariffs   30       87  
    Deferred revenue   (250 )     –  
    Customer deposits   (180 )     30  
    Total Adjustments   2,286       6,972  
    Net Cash Used in Operating Activities   (4,511 )     (3,395 )
           
    Cash Flows From Investing Activities      
    Proceeds from disposal of property and equipment –      –  
    Purchase of property and equipment   (778 )     (817 )
    Net Cash Used in Investing Activities   (778 )     (817 )
           
    (Continued)      
    Cash Flows From Financing Activities      
    Proceeds from public offering   63       –  
    Payment of public offering costs   3,180       –  
    Proceeds from note payable, related party   –       2,700  
    Repayment of note payable, related party   –       (2,700 )
    Net Cash Provided by Financing Activities   3,243       –  
           
    Net Decrease in Cash and cash equivalents   (2,046 )     (4,212 )
    Cash and cash equivalents – beginning of period   4,849       12,713  
    Cash and cash equivalents – end of period $ 2,803     $ 8,501  
           
    Supplemental Disclosures of Cash Flow Information:      
    Cash paid for income taxes   2       –  
    Cash paid for interest $ 1     $ 2,390  
    Supplemental Non‑Cash Items      
    Purchases of property and equipment, not yet paid $ 929     $ 412  
    Recognition of right of use asset obtained in exchange for operating lease liability $ –     $ 21,095  
    Conversion of preferred stock to common stock $ 273     $ –  
    Recognition of warrant liability – Investor Warrants $ 696     $ –  
           
    Dragonfly Energy Holdings Corp.
    Reconciliation of GAAP to Non-GAAP Measures (Unaudited)
    (U.S. Dollars in Thousands)
      Three Months Ended
      March 31,   March 31,
        2025       2024  
    EBITDA Calculation      
    Net (Loss) Income Before Taxes $ (6,797 )   $ (10,367 )
    Interest Expense   4,701       4,760  
    Taxes   –       –  
    Depreciation and Amortization   859       332  
    EBITDA $ (1,237 )   $ (5,275 )
           
    Adjustments to EBITDA      
    Stock Based Compensation   220       266  
    Preferred Stock Financing expenses   631      
    Litigation Fees and Loss on Settlement   543       –  
    Reverse Stock Split   15       –  
    Change in fair market value of warrant liability   (3,818 )     (236 )
    Adjusted EBITDA $ (3,645 )   $ (5,245 )
                   

    Investor Relations:
    Eric Prouty
    Szymon Serowiecki
    AdvisIRy Partners
    DragonflyIR@advisiry.com

    The MIL Network –

  • MIL-OSI: BIO-key Reports Q1’25 Revenue of $1.6M and Improved Cash Position of $3.1M; Hosts Investor Call Tomorrow, Friday May 16th at 10am ET

    Source: GlobeNewswire (MIL-OSI)

    HOLMDEL, N.J., May 15, 2025 (GLOBE NEWSWIRE) — BIO-key® International, Inc. (Nasdaq: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) solutions featuring passwordless, phoneless and tokenless Identity-Bound Biometric (IBB) authentication, announced results for its first quarter (Q1’25). BIO-key will host an investor call tomorrow, Friday, May 16th at 10:00am ET (details below).

    BIO-key CEO, Mike DePasquale commented, “Our revenue rose approximately 10% sequentially vs. Q4’24, as we continue our transition to selling high-margin BIO-key branded products in Europe, the Middle East and Africa (EMEA). Year-over-year revenue decreased 25% due to a $1.2M two-year contract with a long-term financial services customer we closed in Q1’24, as compared to $690k recorded in Q1’25 from the customer’s addition of incremental biometric capabilities. We expect revenue from this customer to increase significantly in the next two-year period commencing in 2026, due to their expanding deployment and the addition of our one-to-many fingerprint-only biometric ID system that requires no card or account number for client Identification.

    “Our gross margin remained healthy in Q1 at 83%, and we reduced our selling, general and administrative expense by 23% year-over-year. Our cash position increased substantially to $3.1M reflecting proceeds from warrant exercises early in Q1’25. Since December 31, we have also reduced the principal balance on our outstanding note payable. These balance sheet improvements provide solid footing for BIO-key as we pursue new growth opportunities.”

    Q1 Highlights

    Mr. DePasquale continued, “Moving forward, we are seeing growing traction for our identity bound biometric solutions in defense/security and financial services applications that require the highest levels of security. In these use cases, our customers are drawn to our unique ability to authenticate the individual seeking data or network access rather than alternate factors that are far more prone to being compromised. We now support secure biometric authentication for a number of national and international defense and police organizations and are working to leverage these powerful endorsements in our business development efforts.

    “We continue to build our base of government and government related customers who appreciate the flexibility, ease of use and ability to support multiple authentication factors that create a compelling return on investment profile. We see growing interest in our unique passwordless, phoneless and tokenless authentication solutions, which meet the most pressing security and usability challenges.

    “We have built a solid presence in state, local and educational (SLED) markets domestically, as we now serve over 100 institutions with over 4M end users. In Q1’25 the Wyoming Department of Education deployed PortalGuard IDaaS, adding up to 20,000 SaaS end users. Additionally, many existing higher ed customers are migrating from our on-premises solution to PortalGuard IDaaS, further expanding our base of recurring revenue.

    “Building on this, we executed a strategic partnership and Joint Purchase Agreement in Q1’25 with California’s Education Technology Joint Powers Authority (Ed Tech JPA), resulting in PortalGuard becoming an approved solution for the alliance’s 195 K-12 schools and districts, servicing over 2.6M students. Importantly, BIO-key solutions are uniquely positioned to comply with California’s Phone-Free Schools Act (AB-1326) policies limiting or prohibiting smartphone use in schools by July 2026. Most competing solutions rely on phone authenticators or hardware security keys, neither of which are practical solutions for schools.

    “From a strategic standpoint, we are excited about the revenue and margin potential in EMEA now that we have refocused our efforts on BIO-key solutions in those markets. Our transition away from Swivel Secure licensed solutions beginning in the second half of 2024 resulted in some challenging year-over-year revenue comparisons but we fully expect to return our EMEA performance to growth and enhanced margins over the remainder of 2025.

    “Based on the security, flexibility, ease of deployment and compelling ROI provided by our solutions, we feel well positioned to deliver improved top- and bottom-line results in 2025. However, given the timing of large customer orders or renewals, our financial performance is likely to fluctuate on a quarter-to-quarter basis. Given increasing interest in our biometric solutions, growing adoption of passwordless, phoneless and tokenless IAM solutions, our improved balance sheet, strong margin profile, and revenue traction in EMEA markets, we are very optimistic about our growth outlook. We also continue to seek opportunities to reduce costs and lower our breakeven level to support our path to positive cash flow and profitability.”

    Financial Results

    Total revenues decreased to $1,607,159 in Q1’25 from $2,181,203, mainly due to the impact of $1.2M in Q1’24 revenue from a 2-year renewal contract with a long-term financial services customer vs. $690k from this customer in Q1’25. License fee revenue decreased to $1,098,758 in Q1’25 from $1,950,434 a year ago, reflecting the variance in revenue from the long-term financial services customer, as well as the impact on revenue of transitioning from selling third-party Swivel Secure products and services to BIO-key products, in the EMEA region.

    Service revenues increased to $272,598 in Q1’25 from $213,122 in Q1’24, including approximately $265,000 and $193,000, respectively, of recurring maintenance and support revenue, and $8,000 and $20,000, respectively, of non-recurring custom services revenue. The recurring revenue increase of $72,000 or 37% was due to incremental support services for a large customer service agreement. Non-recurring custom services decreased due to the removal of a large Swivel Secure customer.

    Hardware sales increased to $235,803 in Q1’25 from $17,647 in Q1’24, due largely to increased purchases of fingerprint biometric scanners in support of certain customers’ expanded deployments in Q1’25.

    Gross profit decreased to $1,327,661 in Q1’25 from $1,881,560 in Q1’24, reflecting gross margins of 82.6% and 86.3%, respectively. The gross profit decline is due primarily to lower revenue in Q1’25 as well as the impact of higher levels of lower margin hardware revenue.

    BIO-key reduced its Q1’25 operating expenses by $422,195 to $1,968,299 from $2,390,494 in Q1’24, due to reductions of $410,449 in SG&A and $11,746 in research, development and engineering. Q1’25 SG&A expenses decreased 23% to $1,372,524 from $1,782,973 in Q1’24, reflecting reductions in administration, sales personnel costs, and professional service fees. The RD&E decrease was due primarily to lower rent costs.

    Reflecting lower revenues which was partially offset by lower operating costs, BIO-key’s Q1’25 net loss increased to $736,545, or ($0.16) per share, as compared to $510,285, or ($0.32) per share, in Q1’24.

    Balance Sheet

    As of March 31, 2025, BIO-key’s total current assets improved to $4.6M, including $3.1M of cash and cash equivalents, $0.8M of net accounts receivable and due from factor, and approximately $358,000 of inventory. This compares to total current assets of $1.9M at December 31, 2024, including approximately $438,000 of cash and cash equivalents, $0.8M of net accounts receivable and due from factor, and $378,000 of inventory.

    Conference Call Details

    Date / Time: Friday, May 16th at 10 a.m. ET
    Call Dial In #: 1-877-418-5460 U.S. or 1-412-717-9594 Int’l
    Live Webcast / Replay: Webcast & Replay Link – Available for 3 months.
    Audio Replay: 1-877-344-7529 U.S. or 1-412-317-0088 Int’l; code 6501265
       


    About BIO-key International, Inc.     (www.BIO-key.com)

    BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

    BIO-key Safe Harbor Statement

    All statements contained in this press release other than statements of historical facts are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital to satisfy working capital needs; our ability to continue as a going concern; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology and identity access management industries; market acceptance of biometric products generally and our products under development; our ability to convert sales opportunities to customer contracts; our ability to expand into Asia, Africa and other foreign markets; our ability to migrate Swivel Secure customers to BIO-key and Portal Guard offerings; our ability to execute definitive agreements with Fiber Food Systems and/or its customers to utilize our access management solutions; our ability to integrate our solutions into any of Fiber Food System’s offerings; fluctuations in foreign currency exchange rates; the duration and extent of continued hostilities in Ukraine and its impact on our European customers; the impact of tariffs and other trade barriers which may make it more costly for us to import inventory from China and Hong Kong and certain product components from South Korea; delays in the development of products, the commercial, reputational and regulatory risks to our business that may arise as a consequence of the restatement of our financial statements, including any consequences of non-compliance with Securities and Exchange Commission and Nasdaq periodic reporting requirements; our temporary loss of the use of a Registration Statement on Form S-3 to register securities in the future; any disruption to our business that may occur on a longer-term basis should we be unable to continue to maintain effective internal controls over financial reporting, and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise.

    Engage with BIO-key


    Investor Contacts

    William Jones, David Collins
    Catalyst IR
    BKYI@catalyst-ir.com or 212-924-9800

    BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
    (Unaudited)
     
        Three Months Ended  
        March 31,  
        2025     2024  
    Revenues                
    Services   $ 272,598     $ 213,122  
    License fees     1,098,758       1,950,434  
    Hardware     235,803       17,647  
    Total revenues     1,607,159       2,181,203  
    Costs and other expenses                
    Cost of services     98,144       138,849  
    Cost of license fees     72,885       148,221  
    Cost of hardware     108,469       12,573  
    Total costs and other expenses     279,498       299,643  
    Gross profit     1,327,661       1,881,560  
                     
    Operating Expenses                
    Selling, general and administrative     1,372,524       1,782,973  
    Research, development and engineering     595,775       607,521  
    Total Operating Expenses     1,968,299       2,390,494  
    Operating loss     (640,638 )     (508,934 )
    Other income (expense)                
    Interest income     3       5  
    Loan fee amortization     (60,000 )     –  
    Interest expense     (35,910 )     (1,356 )
    Total other income (expense), net     (95,907 )     (1,351 )
                     
    Loss before provision for income tax     (736,545 )     (510,285 )
                     
    Provision for (income tax) tax benefit     –       –  
                     
    Net loss   $ (736,545 )   $ (510,285 )
                     
    Comprehensive loss:                
    Net loss   $ (736,545 )   $ (510,285 )
    Other comprehensive income (loss) – Foreign currency translation adjustment     6,803       (62,275 )
    Comprehensive loss   $ (729,742 )   $ (572,560 )
                     
    Basic and Diluted Loss per Common Share   $ (0.16 )   $ (0.32 )
                     
    Weighted Average Common Shares Outstanding:                
    Basic and diluted     4,702,421       1,615,323  
     
    BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
     
        March 31,     December 31,  
        2025     2024  
        (Unaudited)          
    ASSETS                
    Cash and cash equivalents   $ 3,133,752     $ 437,604  
    Accounts receivable, net     803,277       718,229  
    Due from factor     40,450       74,170  
    Inventory     357,842       378,307  
    Prepaid expenses and other     254,285       278,648  
    Total current assets     4,589,606       1,886,958  
    Equipment and leasehold improvements, net     122,986       140,198  
    Capitalized contract costs, net     375,705       409,426  
    Deposits and other assets     7,976       7,976  
    Operating lease right-of-use assets     67,142       73,372  
    Investments     5,000,000       5,000,000  
    Intangible assets, net     1,020,261       1,097,630  
    Total non-current assets     6,594,070       6,728,602  
    TOTAL ASSETS   $ 11,183,676     $ 8,615,560  
                     
    LIABILITIES                
    Accounts payable   $ 568,836     $ 818,187  
    Accrued liabilities     1,042,411       1,278,732  
    Note payable     762,151       1,525,977  
    Government loan – BBVA Bank, current portion     138,667       132,731  
    Deferred revenue, current     928,291       773,267  
    Operating lease liabilities, current portion     25,260       24,642  
    Total current liabilities     3,465,616       4,553,536  
    Deferred revenue, long term     136,931       196,237  
    Government loan – BBVA Bank – net of current portion     11,666       44,762  
    Operating lease liabilities, net of current portion     42,410       48,994  
    Total non-current liabilities     191,007       289,993  
    TOTAL LIABILITIES     3,656,623       4,843,529  
                     
    Commitments and Contingencies                
                     
    STOCKHOLDERS’ EQUITY                
                     
    Common stock — authorized, 170,000,000 shares; issued and outstanding; 5,814,041 and 3,715,483 of $.0001 par value at March 31, 2025 and December 31, 2024, respectively     582       372  
    Additional paid-in capital     137,514,825       133,030,271  
    Accumulated other comprehensive loss     56,093       49,290  
    Accumulated deficit     (130,044,447 )     (129,307,902 )
    TOTAL STOCKHOLDERS’ EQUITY     7,527,053       3,772,031  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 11,183,676     $ 8,615,560  
     
    BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
     
        Three Months Ended March 31,  
        2025     2024  
                     
    CASH FLOW FROM OPERATING ACTIVITIES:                
    Net loss   $ (736,545 )   $ (510,285 )
    Adjustments to reconcile net loss to net cash used for operating activities:                
    Depreciation     21,782       23,808  
    Amortization of intangible assets     76,245       78,005  
    Amortization of capitalized contract costs     46,545       38,665  
    Amortization of Note Payable     60,000       –  
    Interest payable on Note     35,173       –  
    Operating leases right-of-use assets     6,230       13,686  
    Share and warrant-based compensation for employees and consultants     52,488       47,790  
    Stock based directors’ fees     9,002       9,003  
    Bad debts     15,000       100,000  
    Change in assets and liabilities:                
    Accounts receivable     (85,048 )     399,749  
    Due from factor     33,720       91,070  
    Capitalized contract costs     (12,824 )     (158,005 )
    Inventory     20,465       5,545  
    Prepaid expenses and other     24,363       (63,513 )
    Accounts payable     (259,571 )     (116,012 )
    Accrued liabilities     (236,321 )     (104,257 )
    Deferred revenue     95,718       455,868  
    Operating lease liabilities     (1,734 )     (14,033 )
    Net cash used in operating activities     (835,312 )     297,084  
    CASH FLOWS FROM INVESTING ACTIVITIES:                
    Capital expenditures     (4,570 )     (1,869 )
    Net cash used in investing activities     (4,570 )     (1,869 )
    CASH FLOW FROM FINANCING ACTIVITIES:                
    Offering costs     (248,783 )     (13,470 )
    Proceeds for exercise of warrants     3,813,057       1,400  
    Receipt of cash from Employee stock purchase plan     –       –  
    Repayment of government loan     (35,047 )     (41,821 )
    Net cash used in financing activities     3,529,227       (53,891 )
                     
    Effect of exchange rate changes     6,803       (62,275 )
                     
    NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS     2,696,148       179,049  
    CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD     437,604       511,400  
    CASH AND CASH EQUIVALENTS, END OF PERIOD   $ 3,133,752     $ 690,449  

    The MIL Network –

  • MIL-OSI USA: Graham Statement On NATO Informal Foreign Ministers Meeting

    US Senate News:

    Source: United States Senator for South Carolina Lindsey Graham
    WASHINGTON – U.S. Senator Lindsey Graham (R-South Carolina) today made this statement after joining Secretary of State Marco Rubio on the sidelines of the NATO Informal Foreign Ministers Meeting in Antalya, Turkey.
    “I was pleased to join Secretary of State Rubio and his team at the side events for an informal meeting of the NATO foreign ministers. Secretary Rubio and his team did a masterful job expressing President Trump’s foreign policy goals that seek to bring about unity with our NATO allies on several major fronts.
    “Turkey was an excellent host and is an invaluable ally that is helping to bring stability to the region, particularly with Syria.
    “These are my takeaways from the meeting.”
    On Syria:
    “President Trump’s groundbreaking meeting with President Ahmed al-Sharaa of Syria has created a tremendous opportunity to change the trajectory of Syria for the better.
    “President Trump has decided to waive sanctions on Syria, which could provide much-needed economic and humanitarian relief to a suffering population. I will be working closely with President Trump, Secretary Rubio and their teams to follow up on sanctions relief, and hopefully eventually rescinding Syria’s designation as a state sponsor of terrorism under U.S. law.
    “I am clear-eyed about the challenges that lie ahead. They include Israel’s legitimate security concerns, the integration of minority groups, like the Kurds, into a cohesive Syria, and a continued commitment to fight ISIS and other radical groups.
    “Today, I met with Syrian Foreign Minister Asaad al-Shaibani. I found his and President al-Sharaa’s statements encouraging.
    “A new Syria that rejects radicalism and is willing to live in the region as a peaceful, productive partner aligned with the United States would truly be a gamechanger. I sense that history is in the making in all the right ways, however time will tell.”
    On Russia:
    “President Trump has earnestly sought to end the horrific war between Russia and Ukraine, and I share that desire. However, to achieve that goal, you must have willing partners. Ukraine has agreed to a ceasefire. Ukraine’s President came to Turkey – as suggested by President Trump – to talk peace with Putin. Putin, on the other hand, has decided not to attend and instead sent a low-level delegation to continue the same old storyline. I consider this decision inconsistent with wanting peace and an affront to those trying to make peace.
    “I expect a very strong bipartisan statement of disappointment regarding Russia’s decision in Istanbul.
    “Putin’s Russia is playing games and this needs to stop. I have over 70 cosponsors for sanctions against Russia if they continue the course they are on. This legislation also puts tariffs on countries that buy Russian oil, gas and other products. When it comes to Russia’s games, enough is enough.”
    On China:
    “China is one of the biggest purchasers of Russian oil and gas. They are propping up Putin’s war machine.
    “President Trump wants to reset our relationship with China and I agree. However, the world needs to understand that without China buying cheap Russian oil, Putin’s war machine would come to a grinding halt. To all those who buy cheap Russian oil and gas, the days where you do so with impunity are quickly coming to an end.
    “It is now time for the U.S. Senate to move strongly because Putin is giving us no other choice.”

    MIL OSI USA News –

  • MIL-OSI Security: Tennessee man sentenced to 5 years of probation for selling unapproved drugs

    Source: Office of United States Attorneys

    MISSOULA – A Greenville, Tennessee man who admitted selling unapproved drugs made from ingredients purchased from China was sentenced today to five years of probation, U.S. Attorney Kurt Alme said.

    Tyler Jordan Hall, 31, pleaded guilty in January 2025 to introduction of unapproved drugs in interstate commerce.

    U.S. District Judge Dana L. Christensen presided.

    “Tyler Hall manufactured unapproved drugs in an unregulated lab using ingredients he bought from China. And he sold those drugs to unwitting customers based on his false claims that the products were approved by the FDA. That behavior, which can result in serious health problems for users, will not be tolerated. I want to thank the FDA for investigating and Assistant U.S. Attorney Shannon Clarke for prosecuting the matter as we continue to strive to protect Montanans and other Americans from this kind of deceitful and dangerous conduct.” U.S. Attorney Kurt Alme said.

    “Illegally manufacturing and selling unapproved drugs outside the legitimate U.S. supply chain can present serious health risks to those who buy and use them,” said Robert Iwanicki, Special Agent in Charge, FDA Office of Criminal Investigations Los Angeles Field Office. “Furthermore, knowingly misleading customers and the FDA by making false claims about the nature and legitimacy of the products shows a reckless disregard for FDA regulations and for the lives and well-being of consumers. FDA will continue to pursue and bring to justice those who would disregard and jeopardize public health and safety by selling misbranded drugs.”

    The government alleged in court documents that from June 17, 2020, through March 2022, Tyler Hall operated a business known as Rat’s Army, LLC, which imported, created, bottled, and labeled drugs. Hall marketed the substances to individuals in the bodybuilding and fitness community to increase muscle mass, reduce body fat, and counter the unwanted side effects of other bodybuilding drugs. Many of the substances were not safe for human consumption except under the supervision of a practitioner licensed to administer prescription drugs. Some drugs were of similar composition to FDA-approved drugs that require special boxed warnings in their labeling emphasizing serious potential side effects, including pulmonary embolism.

    During the timeframe noted above, Hall obtained proceeds from Rat’s Army of approximately $3.8 million. The income was generated, at least in part, from the sale of unapproved drugs, including Raloxifene, Tamoxifen, and Pramipexole.

    Hall knowingly took steps to mislead and defraud United States regulatory agencies, including the FDA, about the true nature of the products he was selling on the Rat’s Army website. Specifically, he attempted to conceal the nature of his products by falsely portraying them as “research chemicals” and “not for human consumption,” despite knowing and intending that the products were for ingestion by humans to affect the structure and function of their bodies.

    Hall also took steps to mislead and defraud the consumers to whom he was offering the sale of these drugs by posting misleading Certificates of Analysis on the website to convince consumers Rat’s Army was manufacturing products which were legitimate and safe to consume.

    Assistant U.S. Attorney Shannon Clarke prosecuted the case. The investigation was conducted by the U.S. Food and Drug Administration Office of Criminal Investigation.

    MIL Security OSI –

  • MIL-OSI Russia: Another Nanjing Massacre Survivor Dies in China, Leaving Only 26 Survivors of the Tragedy

    Translation. Region: Russian Federal

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

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

    NANJING, May 15 (Xinhua) — Nanjing Massacre survivor Xie Guiying, born in September 1924, passed away on Thursday at the age of 100, bringing the total number of registered survivors of the tragedy to 26, according to the Nanjing Massacre Memorial Museum in east China’s Jiangsu Province.

    The Nanjing Massacre occurred after the Japanese occupation forces captured the city of Nanjing, then the capital of China, on December 13, 1937. Over a period of six weeks, the invaders killed about 300,000 Chinese civilians and unarmed soldiers. The tragedy is considered one of the most barbaric episodes of World War II.

    In 1937, before Japanese troops entered Nanjing, where Xie Guiying’s family lived, her mother took her and her siblings and fled the city, leaving her father to guard their home. After Japanese troops entered Nanjing, they killed Xie Guiying’s father.

    After these events, the girl’s mother was left to take care of the children alone. Xie Guiying almost died three times. There is a clearly visible scar on her forehead from hitting her head on a rock, which appeared when Japanese soldiers dragged her along the ground.

    During her lifetime, Xie Guiying often attended events held at the Nanjing Massacre Memorial Museum, hoping that the public would always remember this historical disaster.

    “Our country is now becoming stronger and our life is better, and we owe this to the Chinese Communist Party,” she said.

    Six Nanjing Massacre survivors, including Xie Guiying, have died since the beginning of this year, and the number of people who can share personal memories of the Nanjing Massacre is dwindling.

    In 2014, the National People’s Congress of China declared December 13 as National Remembrance Day for the Victims of the Nanjing Massacre.

    The testimonies of Nanjing Massacre survivors, preserved by the Chinese government, are recorded in both written and video form. In 2015, these documents were added to the UNESCO Memory of the World Register. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: In Belarus, real disposable cash income of citizens has increased by 12 percent in three months since the beginning of 2025 — Belstat

    Translation. Region: Russian Federal

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

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

    MINSK, May 15 (Xinhua) — In Belarus, real disposable income of citizens in January-March 2025 increased by 12 percent compared to the same period last year. The relevant information was published on Thursday by the Belarusian National Statistical Committee (Belstat).

    In the total volume of monetary income, wages accounted for 64.7 percent, transfers to the population (pensions, benefits, scholarships, etc.) – 22.4 percent, income from entrepreneurial and other income-generating activities – 7.6 percent, income from property and other income – 5.3 percent.

    Data on real disposable income are presented net of taxes, fees and contributions, and adjusted for the consumer price index for goods and services. –0–

    MIL OSI Russia News –

  • MIL-OSI Global: India and Pakistan have agreed a precarious peace – but will it last?

    Source: The Conversation – UK – By Alex Waterman, Lecturer in Peace Studies and International Development, University of Bradford

    India and Pakistan stepped back from the brink of catastrophe on May 10 after a US-brokered ceasefire brought rapidly escalating hostilities between the two countries to an end. But tensions are still running high.

    The Indian prime minister, Narendra Modi, said on May 12 that India has only “paused” its military action against Pakistan and would “retaliate on its own terms” to any attacks.

    The latest episode in the long-running conflict between these nuclear powers was triggered on April 22. Militants from a group known as the Resistance Front, which India says is a proxy for the Lashkar-e-Taiba terrorist group, killed 26 tourists in the picturesque resort town of Pahalgam in Indian-administered Kashmir. India alleges Pakistan’s involvement, which it denies.

    The fact that India and Pakistan were able to agree to a ceasefire as escalations spiralled is reason for optimism. It shows that internal calculations and international pressure can pull the two parties back from the brink. However, the ceasefire represents an incredibly precarious peace. Can it be sustained?

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

    Recent experience shows that sustained ceasefires are possible between the two states. In February 2021, India and Pakistan’s militaries signed a ceasefire to end four months of cross-border skirmishes. The agreement was a reaffirmation of an original ceasefire understanding from 2003.

    Only two violations were recorded across the line of control separating Indian- and Pakistani-administered Kashmir for the rest of the year, dropping to one in 2022. This compared to 4,645 such incidents in 2020.

    The reduction led to optimism that armed rebellion in Kashmir, which both India and Pakistan claim in full, was in persistent decline. In March 2025, just one month before the deadly Pahalgam attack, security sources in India estimated that there were only 77 active militants operating on the Indian side of the border.

    The drop in violence was a result of combined international and domestic pressure on Pakistan. The Financial Action Task Force, an organisation that monitors countries’ efforts to tackle terrorist financing and recommends financial sanctions against non-compliant states, added Pakistan to its “grey list” in 2018.

    This listing forced Pakistan to introduce a string of policy measures to curb terrorism financing. Pakistan was removed from the list in 2022 due to significant improvements in its counter-terrorism framework.

    But, as the Kashmir conundrum is at the heart of Pakistani national identity, it has often been employed as a political strategy to shore up domestic support. And in recent years, as Pakistan’s powerful army has grappled with overlapping economic and political crises, this strategy has been rolled out again.

    The popularity of Pakistan’s army, for example, diminished significantly following the arrest of Pakistan’s leader, Imran Khan, in 2023. This has prompted army chief Asim Munir to use tensions with India to deflect attention.

    Munir has called Kashmir “our jugular vein”, and has promised not to “leave our Kashmiri brothers in their historical struggle”. These comments followed an increase in the number and frequency of insurgent attempts to cross the border into India after India’s May 2024 general elections were held peacefully in Kashmir, a rare occurrence since the separatist insurgency began in 1987.

    These cross-border operations are allegedly carried out by Pakistan’s so-called Border Action Teams, comprised of Pakistani special forces and militants from insurgent groups. Pakistan has never acknowledged the existence of such teams.

    By April 1, tit-for-tat firing across the line of control had also already surpassed the total number of incidents in 2023 and 2024 combined.

    Fragile peace

    The latest ceasefire was agreed in the context of hostilities escalating beyond previous levels. Military strikes were launched outside Kashmir itself at military bases deep in Pakistani territory and in north-western India.

    Certain actions by Islamabad were also widely interpreted as attempts to signal the country’s nuclear capabilities. These included the decision to convene the National Command Authority, the body responsible for control and use of Pakistan’s nuclear arsenal.

    The move may not have been a genuine alert. But the possible willingness to resort to nuclear threats is particularly concerning as, unlike India, Pakistan does not have a “no-first use” nuclear weapons policy.

    India, as an aspiring political and economic power, has clear interests in preserving the ceasefire. New Delhi wants to project itself as rational and responsible, worthy of a permanent seat on the UN Security Council.

    At the same time, some of the decisions taken by India after the Pahalgam attack may compel further support for the insurgency in Kashmir. This brings with it the risk of further escalation between India and Pakistan in the future.

    India has suspended the Indus Water Treaty, which governs the use of water from the Indus River. Pakistan lies downstream from India and is heavily dependent on the river for irrigation and public consumption.



    Read more:
    India-Pakistan conflict over water reflects a region increasingly vulnerable to climate change

    Intervention from global powers such as the US may again be able to prevent future hostility from spiralling out of control. However, substantive talks are unlikely.

    The US, which is in advanced negotiations with New Delhi over reducing tariffs on Indian imports, has offered to act as a mediator. This has been welcomed by Pakistan. But India maintains that, on the question of Kashmir, it would prefer bilateral talks rather than involving a third party.

    While the Trump administration initially signalled a hands-off approach to relations between India and Pakistan, deeming it “none of our business”, it is now clear how rapidly matters can escalate between them.

    The US and other interested parties like China will probably continue in their efforts to regulate and manage the conflict, openly or covertly, even if deeper resolution appears unlikely.

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

    – ref. India and Pakistan have agreed a precarious peace – but will it last? – https://theconversation.com/india-and-pakistan-have-agreed-a-precarious-peace-but-will-it-last-256618

    MIL OSI – Global Reports –

  • MIL-OSI USA: Warren, Schmitt Renew Bipartisan Fight for More Competition in Pentagon’s AI and Cloud Contracting

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    May 15, 2025

    Bicameral bill aligns with new White House guidelines on AI contracting for government agencies

    Text of Bill (PDF) | Text of One-Pager (PDF)

    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.) and Eric Schmitt (R-Mo.) reintroduced the bipartisan, bicameral Protecting AI and Cloud Competition in Defense Act to ensure that the Department of Defense (DoD)’s contracting for artificial intelligence (AI) and cloud computing tools prioritizes resiliency and competition. The bill reins in Big Tech monopolies and prevents them from cutting out competitors in the AI and cloud computing markets.

    Representatives Sara Jacobs (D-Calif.), Pat Fallon (R-Texas), and Chris Deluzio (D-Pa.) introduced the bill in the House of Representatives. 

    The reintroduction comes as the White House has released new guidelines on AI procurement that encourage federal agencies to avoid vendor lock-in and to ensure that government data is protected and not used to train commercial AI models. 

    The AI and cloud computing industries are highly concentrated, and a few Silicon Valley companies control the markets the DoD relies on for cloud infrastructure, foundation models, and data infrastructure. DoD has already awarded $9 billion in contracts to Google, Oracle, Microsoft, and Amazon to build its cloud computing network, and requested an additional $1.8 billion for AI programs for Fiscal Year 2025. The Protecting AI and Cloud Competition in Defense Act would ensure that DoD’s new contracts protect competition in the AI and cloud computing markets, instead of giving an unfair advantage to a few big players. The bill also encourages DoD to consider cloud computing services from multiple providers so the agency isn’t locked in by a single tech company.

    Specifically, the bill would: 

    • Require DoD — when contracting with AI and cloud computing companies that make $50 million or more with DoD annually — to hold a competitive award process, ensure that the government maintains exclusive rights to access and use of all government data, mitigate barriers to entry faced by small businesses and nontraditional contractors, and consider multi-cloud technology unless doing so is infeasible or presents a danger to national security. 
    • Require DoD’s Chief Digital and Artificial Intelligence Office (CDAO) to ensure that government data provided for the purpose of development and operation of AI products to DoD will not be disclosed or used without DoD authorization, and such government data, if stored on vendor systems, has appropriate protections.
    • Require DoD to publish a report every four years on competition, innovation, barriers to entry, and market power concentration in the AI sector, with recommendations for legislative and administrative action.

    Senators Warren and Schmitt first introduced the Protecting AI and Cloud Competition in Defense Act in December 2024. 

    “It’s a mistake to let Silicon Valley monopolize our AI and cloud computing tools because it doesn’t just stifle innovation, it increases costs and threatens our national security,” said Senator Warren. “Our bill will make sure the military can access cutting-edge tools and will keep our markets strong and our information secure.”

    “The Department of Defense’s procurement system must encourage competition instead of allowing a select group of companies to dominate the awards process. We must move away from policies that create risk concentration, and stifle innovation to instead adopt policies that create opportunities for emerging A.I. defense companies. I am proud to be leading this bill that promotes this smart policy, as well as encourage innovation so the U.S. can continue to lead A.I.,” said Senator Eric Schmitt.

    “Competition always pushes the limits of creativity, innovation, and excellence – whether in AI or any other field. That’s why the Department of Defense needs to prioritize competition in its AI and cloud computing contracts to ensure we deploy the best technologies to protect and strengthen our national security. I’m proud to help lead this bicameral legislation that will make our country safer, stronger, and more competitive on the global stage,” said Congresswoman Sara Jacobs. 

    “The Department of Defense needs to shape up its federal tech procurement process to protect data and public money from the failures of concentrated power and a lack of competition,” said Congressman Chris Deluzio. “Policies like the Protecting AI and Cloud Competition in Defense Act will promote real competition in the defense technology sector to help keep our military strong, fortified, and ready for anything.”

    “By relying on free market principles, the Department of Defense can help ensure competition and innovation when it comes to the bidding process for government AI and cloud contracts,” said Congressman Pat Fallon. “It’s our duty to ensure the DOD is picking the winners now and, in the future, to keep ahead of our competitors. Due to the varied cyber threats facing our nation today, we must also ensure that AI and cloud related data is secure when it is held exclusively by the federal government. For these reasons, the Protecting AI and Cloud Competition in Defense Act is the next step forward Congress must take in the interest of US national security.”

    The Protecting AI and Cloud Competition in Defense Act is endorsed by Economic Securities Project Action and the Open Markets Institute.

    Senator Warren has been a leader in the fight to rein in Big Tech and boost competition in the tech and defense sectors: 

    • In May 2025, Secretary of the Army, Daniel P. Driscoll announced that the Army will ensure right-to-repair provisions are included in future Army contracts, after pressure from Senator Warren. 
    • In April 2025, Senator Elizabeth Warren secured a commitment from Mr. Michael Cadenazzi, nominee to be the next Assistant Secretary of Defense for Industrial Base Policy, to support AI competition and innovation in defense contracting.
    • In April 2025, Senators Elizabeth Warren and Ron Wyden (D-Ore.) wrote to cloud service providers Google and Microsoft with concerns that their respective partnerships with AI developers Anthropic and OpenAI may violate antitrust laws, leading to fewer choices and higher prices for businesses and consumers using AI tools.
    • In January 2025, at a hearing of the Senate Armed Services Committee, a Palantir Executive agreed with Senator Elizabeth Warren that legal loopholes should not enable companies to  price-gouge the military.
    • In September 2024, Senator Warren wrote to Assistant Attorney General of the Antitrust Division at the United States Department of Justice (DOJ) Jonathan Kanter in support of the DOJ’s ongoing probe into Nvidia’s potentially anticompetitive behavior.
    • In February 2024, Senator Warren delivered the keynote address at RemedyFest, where she called out Big Tech for their anti-competitive tactics that have led to market consolidation and record profits.
    • In January 2024, at a hearing of the Committee on Banking, Housing and Urban Affairs, Senator Warren questioned Emily Kilcrease, Senior Fellow and Director of the Energy, Economics, and Security Program at the Center for a New American Security, on the national security risks posed by digital trade rules that allow tech companies to collect, sell, and store Americans’ data wherever is cheapest, including China.
    • In December 2023, Senators Warren, Amy Klobuchar (D-Minn.), and Bernie Sanders (I-Vt.), along with U.S. Representatives Mary Gay Scanlon (D-Pa.), Hank Johnson (D-Ga.), Pramila Jayapal (D-Wash.), Jan Schakowsky (D-Ill.), Lori Trahan (D-Mass.), and Rosa DeLauro (D-Conn.), sent a letter to President Biden, urging him to continue to reject any trade or policy proposals from Big Tech that would deem the European Union’s Digital Markets Act (DMA) to be discriminatory or an illegal trade barrier, in order to protect the administration’s shared pro-competition priorities with its European allies. 
    • In November 2023, Senator Warren and U.S. Representative Jan Schakowsky (D-Ill.), led 10 lawmakers in a letter to President Joe Biden, commending his administration’s actions countering Big Tech’s influence in trade negotiations, and asking him to replace “digital trade” provisions lobbied for by Big Tech in Indo-Pacific Economic Framework (IPEF) negotiations with new language to ensure regulatory agencies and Congress are able to counter Big Tech abuses and develop a new model for digital rules in trade agreements that promotes competition and protects workers, consumers, and small businesses. 
    • In July 2023, Senators Warren and Graham introduced the Bipartisan Digital Consumer Protection Commission Act which would  rein in Big Tech by establishing a new commission to regulate online platforms. The commission would have concurrent jurisdiction with FTC and DOJ, and would be responsible for enforcing the new statutory provisions in the bill and implementing rules to promote competition, protect privacy, protect consumers, and strengthen our national security.
    • In May 2023, Senator Warren released a 22-page investigative report: Big Tech’s Big Con: Rigging Digital Trade Rules to Block Antitrust Regulation. The investigation, based on a review of previously undisclosed emails, reveals that Big Tech is using its revolving door hires to gain backdoor access to key United States Trade Representative and Commerce Department officials, undermining the Biden Administration’s promises to end rigged trade deals and protect workers, consumers, and the environment. 
    • In October 2022, Senator Warren and Representative Jayapal sent a letter to Secretary Raimondo underscoring the dangers of Big Tech’s digital trade agenda, following up on a letter the lawmakers sent to Secretary Raimondo in July 2022 requesting additional information about the revolving door between Commerce and Big Tech and its potential impact on global digital trade rules.
    • In July 2022, Senator Warren and Representative Jayapal sent a letter to Secretary Raimondo raising questions about the revolving door between the Department of Commerce and Big Tech companies, and its potential impact on global digital trade rules.

    MIL OSI USA News –

  • MIL-OSI: XRP News: XRP Price Gears Up For New Highs, Is A Ripple IPO On Cards? ‘XRP 2.0’ Remittix Passes $15M In ICO

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — As the XRP price breaks past $2.50 and momentum surges across the XRP Ledger ecosystem, attention is turning towards Ripple’s initial public offering. Crypto observers closely watch how market participants react to Ripple’s going public amid the emergence of a new alternative: Remittix.

    Since making its grand entrance in the global payment sector, Remittix inflows have toppled records, surging above $15 million within weeks. This analysis breaks down the XRP news regarding the Ripple IPO and Remittix’s impressive momentum.

    XRP news: XRP price targets $5 move amid Ripple’s IPO launch

    Source: CoinMarketCap

    The XRP price has surged over 55% since its April low of $1.61, buoyed by a broader crypto market resurgence. This upswing is fueled by a temporary U.S.-China tariff deal and April’s unexpectedly low inflation data, which indicated a 2.3% year-over-year increase, its slowest pace since February 2021.

    Amid this price performance, the XRP news of its initial public offering is bringing attention to Ripple. This market buzz started after CEO Brad Garlinghouse said a Ripple IPO is possible but not a priority. While no official date has been announced, speculations by year-end are highly entertained, given the slow momentum towards this project.

    Meanwhile, the block data indicates that the XRP ETF has recorded inflows for five consecutive weeks, bringing its total assets to more than $99.1 million. This highlights the rising demand for XRP products.

    Source: Captain Fabik on X

    The momentum and positive developments had analysts double down on their bullish XRP price prediction. X analyst Captain Faibik spotted a falling wedge pattern. The chart pattern indicates a period of consolidation before signalling a reversal with a probable upside move in the XRP price. If the bullish pattern is confirmed, the price target is $5.

    Remittix ICO breaks $15 million barrier with raw PayFi utility.
    Raising $15 million in an initial coin offering (ICO) is no small accomplishment. This milestone shows the growing interest in the PayFi sector and investors’ trust in Remittix. The new crypto’s distinctive focus on transforming international remittances has resonated with its target audience.

    This impressive performance shows that Remittix has the potential to be a ground-breaking project even for Ripple investors. The reason? Remittix simplifies international money transfers at a lower cost than conventional systems. It offers flexibility and accessibility with over 40 crypto options and 30 fiat currencies.

    Remittix’s innovation has spread its popularity beyond niche investors, especially as normal people adopt digital assets without experiencing technical issues. Its ongoing presale has raked in over $15 million in inflows, which has led industry experts to dub it the XRP 2.0 to ride the next wave of growing adoption in the global remittance sector.

    Conclusion
    While the latest XRP price prediction is not far-fetched, especially with its institutional growth, Remittix’s focus on user accessibility and transparent fee structures for businesses positions it as a compelling alternative. Despite the choppy market conditions, Remittix’s ICO has powered through the $15 million milestone while selling millions of tokens at around $0.0757.

    Early adopters have earned four-digit percentage returns, and analysts believe Remittix can do much more.

    Discover the future of PayFi with Remittix by checking out their presale here:
    Website:https://remittix.io/
    Socials: https://linktr.ee/remittix

    Media details:
    Company: Remittix
    Website: https://remittix.io/
    Contact Person: Bowen Higgins
    Email Id: B_Higgins@remittix.io
    Address:22 Washington Square N, New York, NY 10011, USA

    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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5ef01454-cbff-4e11-90d5-4b8b42f24261

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ac2cd072-bd67-452d-bb13-fa3b3e88b847

    https://www.globenewswire.com/NewsRoom/AttachmentNg/be02f989-214e-467d-a6b8-2925354dc50a

    The MIL Network –

  • MIL-OSI Global: Putin dodges peace talks in Istanbul as Russia pushes for territorial concessions from Ukraine

    Source: The Conversation – UK – By Sam Phelps, Commissioning Editor, International Affairs

    This article was first published in The Conversation UK’s World Affairs Briefing email newsletter. Sign up to receive weekly analysis of the latest developments in international relations, direct to your inbox.

    Demands by British, French, German and Polish leaders in Kyiv last weekend that Russia agree to a 30-day ceasefire in Ukraine or face possible “massive” sanctions went down in Moscow about as well as you’d expect. In an address from the Kremlin, Russian president Vladimir Putin lambasted European powers for talking to Russia “in a boorish manner and with the help of ultimatums”.

    He did, however, offer a counter-proposal: an invitation for Ukraine to take part in direct talks in the Turkish city of Istanbul. Putin called the talks “the first step towards a long-term, lasting peace”. Ukraine’s president, Volodymyr Zelensky, accepted the invitation and announced he would attend the talks in person. He challenged Putin to do the same.

    But on the eve of the talks it was announced that, no, Putin wouldn’t attend and a junior delegation would be sent in his place. Zelensky, who is in Turkey anyway for talks with the Turkish president, Recep Tayyip Erdoğan, has called the Russian envoy “phony” and accused Moscow of sending “stand-in props”.

    Putin’s no-show, alongside Russia’s refusal to agree to a ceasefire as a precursor to negotiations, probably says all you need to know about whether Moscow truly intends to bring the war to an end. But, regardless, the talks are the first to take place directly between the two warring parties since the early weeks of Russia’s full-scale invasion.

    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.

    The Russian delegation in Istanbul is being led by Vladimir Medinsky, a Putin aide who led the previous round of direct peace talks with Ukraine. This is evidence, as Stefan Wolff and Tetyana Malyarenko also point out, that Russia wants the talks to be based on the same framework as in 2022 – namely, forcing Ukraine to accept significant restrictions on its military and sovereignty.

    Wolff and Malyarenko, who are two regular contributors to our coverage of the war in Ukraine, explain that Russia’s territorial demands have become more contentious since the start of the war. Russia’s current position is that it sees international recognition of Crimea, Sevastopol, the Donetsk and Luhansk People’s Republics, and the Kherson and Zaporizhzhia regions as part of Russia as “imperative”.

    This is a non-starter for Ukraine. But Wolff and Malyarenko suggest there could be some flexibility on accepting that some parts of Ukrainian territory are under temporary Russian control in exchange for peace.

    The problem, they write, is that much of the territory Russia currently occupies, including Crimea and land on the shores of the Azov Sea, is of key strategic value for Russia. Donetsk and Luhansk, meanwhile, have substantial economic value because of the resources located there.

    In any case, there is no guarantee that territorial concessions from Kyiv now would put a permanent end to the war, write Wolff and Malyarenko. This is because it “does not address the fundamental issue of how to deal with a vengeful and revisionist autocracy on Europe’s doorstep”.



    Read more:
    Territorial concessions will be central to any Ukraine peace deal, and to Russia’s long-term plan

    Lasting peace between India and Pakistan, two countries that regularly clash over control of the disputed Kashmir region, is proving equally tricky to find. Several rounds of military strikes, prompted by a terrorist attack in Indian-administered Kashmir in April that killed at least 31 people, have recently brought the nuclear powers closer to war than they have been in decades.

    The Trump administration initially expressed reluctance to get involved, saying it was “none of our business”. But as hostilities rapidly escalated, raising the prospect of nuclear war, US officials stepped in and talked down the two countries. A ceasefire was agreed that, for almost a week now, seems to have held.

    Alex Waterman and Sudhir Selvaraj, experts on peace studies at the University of Bradford, say the ceasefire represents an “incredibly precarious peace”.

    That ceasefires have been agreed – and respected – by the two parties before is cause for optimism, they write. But cross-border tensions have increased in recent years. Waterman and Selvaraj argue this has been part of a strategy used by Pakistan’s powerful army to deflect attention away from political and economic crises at home.

    Tensions remain high and may, at some point, spill over again. Some of the decisions taken by India after the recent terror attack, for instance, such as the suspension of a treaty governing water sharing of rivers in the Indus basin, could compel further support for militant groups in Kashmir. Despite a US offer to mediate talks between the two countries, deeper resolution looks a way off.



    Read more:
    India and Pakistan have agreed a precarious peace – but will it last?

    Donald Trump, meanwhile, is wrapping up his four-day tour of the Middle East. His visit has seen him sit down with the Saudi crown prince and the Qatari emir (as well as Syria’s leader, Ahmed al-Sharaa) to discuss bolstering economic and security ties.

    In that sense, the trip has been a resounding success. Trump signed a US$142 billion (£107 billion) arms deal with Saudi Arabia and agreements with Qatar that, according to the White House, will “generate an economic exchange worth at least US$1.2 trillion”.

    Adam Hanieh, a professor of political economy at the University of Exeter, explains that arrangements like these are part of a long history in which the Gulf monarchies have supported the architecture of US global power.

    In this piece, Hanieh explores how the vast amounts of income generated by the Gulf’s nationalised petroleum industries in the 20th century was invested into US financial markets. Gulf states, he writes, were essential contributors to the growth of the US as a global financial power.

    The US promised military protection in return, resulting in a web of American military bases across the region. As Trump’s lavish welcome in the Middle East shows, the relationship between the US and Gulf monarchies looks robust.

    But much has changed in the past two decades, says Hanieh, referring to China’s rise as a global manufacturing hub. The Gulf is a critical energy lifeline for Beijing, while China’s demand for oil, gas and petrochemicals will be a vital part of the Gulf’s economic future.



    Read more:
    Not every US president gets a free private jet, but the Gulf states have boosted US economic dominance for decades

    Trump is no stranger to competition with China, as his first five months in office have shown. Tit-for-tat tariffs that the US and China imposed on each other quickly snowballed into heavy duties, as high as 145% on Chinese goods looking to enter the US.

    However, after weeks of signalling that tariff levels could reduce, US and Chinese officials announced this week that US tariffs on Chinese goods would drop to 30% for a period of 90 days, while Chinese tariffs on US products would drop back to 10%. Trade negotiations between the two countries will continue.

    We asked Chee Meng Tan, an assistant professor of business economics at the University of Nottingham, what the deal means for China. He says the tariff reduction has provided China with much-needed relief as it attempts to repair its ailing economy.

    But China will ultimately hope to bring US tariffs down to around 10%, in line with the rest of the world. And, as Tan explains, there is more China can do to persuade the Trump administration to cut tariffs further. Ensuring the flow of critical minerals to the US and assuring its support for US agriculture, an important political support base for Trump, will be key.

    China needs to engage with the US and lower US tariffs as much as possible. But it will want to look at other options, writes Tan, rather than relying on an unpredictable Trump. The next 90 days are a big deal for Beijing.



    Read more:
    China-US trade war: the next 90 days are a big deal for Beijing as it seeks long-term solutions

    Jonathan Este is on holiday.

    World Affairs Briefing from The Conversation UK is available as a weekly email newsletter. Click here to get updates directly in your inbox.

    – ref. Putin dodges peace talks in Istanbul as Russia pushes for territorial concessions from Ukraine – https://theconversation.com/putin-dodges-peace-talks-in-istanbul-as-russia-pushes-for-territorial-concessions-from-ukraine-256504

    MIL OSI – Global Reports –

  • MIL-OSI USA: May 15, 2025 SEEC Energy and Commerce Members Slam Republicans’ Attack on American Health and Affordability Washington, D.C. – This week, House Sustainable Energy and Environment Coalition (SEEC) members on the House Energy and Commerce Committee slammed House Republicans’ obscene budget reconciliation plan to gut life-saving pollution reduction programs, raise Americans’ electricity bills, cut off critical… Read More

    Source: United States House of Representatives – Representative Kevin Mullin California (15th District)

    Washington, D.C. – This week, House Sustainable Energy and Environment Coalition (SEEC) members on the House Energy and Commerce Committee slammed House Republicans’ obscene budget reconciliation plan to gut life-saving pollution reduction programs, raise Americans’ electricity bills, cut off critical support for high-tech American manufacturing, and legalize corruption for oil and gas companies. These members included SEEC Co-Chairs Reps. Doris Matsui (CA) and Paul Tonko (NY) and were joined by their fellow SEEC colleagues Reps. Nanette Barragán (CA), Kathy Castor (FL), Yvette Clarke (NY), Debbie Dingell (MI), Jennifer McClellan (VA), Kevin Mullin (CA), Alexandria Ocasio-Cortez (NY), Scott Peters (CA), Kim Schrier (WA), and Darren Soto (FL).

    “Republicans are ramming through a disastrous, ugly budget bill that is going to cause widespread harm to Americans and our environment. Why? So they can give massive tax cuts to billionaires, corporations, and oil companies. Republicans want to strip health care away from over 13.7 million Americans who rely on Medicaid, which will raise prices for the privately insured too,” said Congressman Mullin. “The bill also cuts funding for clean energy innovation while allowing oil and gas companies to buy their way out of having to follow environmental laws. This will stagnate American progress in developing affordable, sustainable solutions to meet our energy needs. This isn’t efficiency, it’s cruelty and Republicans are making it clear that they don’t care about raising costs for working families.”

    “Republicans’ reconciliation bill is a shameless sell-out to corporations at the expense of hard-working Americans’ health and prosperity,” said Congresswoman Matsui. “This bill eliminates and defunds pollution protections and pollution reduction programs that my constituents rely on, illegally and insidiously clawing back funding that is already supporting projects in communities across this country. In my district, La Familia Counseling Center was poised to do transformative work with their Community Change Grant—but Republicans are gutting that progress to pay for tax breaks for their billionaire friends. As if that weren’t enough, Republicans’ bill contains a shocking and outrageous attempt to legalize corruption for oil and gas companies, allowing polluting corporations to simply buy all the permits they need to build a pipeline through American communities, no questions asked. This kind of bribery is how dictatorships operate. This is not how America works. We cannot allow this egregious corruption to become law.”

    “My Republican colleagues claim they are going after the clean energy programs that are, in their words ‘reckless’ and favor ‘wokeness over sensible policy,’” said Congressman Tonko. “Which programs are those? Is it the $12 million in unobligated funds to reduce air pollution in schools? How about DOE money to train contractors to retrofit people’s homes? What about money to upgrade our ports with the latest and greatest technologies? These are just a few examples of commonsense investments that are being targeted today that are creating American jobs and deploying new technologies that will indeed reduce pollution. And when you start to list them out, you can see how ridiculous this proposal is. But why on Earth would Republicans be doing this? Well, we know these funds will be used to partially offset yet another round of tax cuts, the benefits of which will overwhelmingly go to the wealthiest.”

    “Republican cuts to environmental justice grants will directly harm the health of our communities,” said Congresswoman Barragán. “Medicaid helps many access and afford health care in vulnerable communities with clean air and water challenges. Yet, Republicans have proposed the largest Medicaid cut in history. It’s all connected and Republicans want to go backward on the environment and health care access.”

     “You should hold on to your wallets, because House Republicans are coming after your electric bills to pay for a massive tax giveaway to billionaires like Elon Musk,” said Congresswoman Castor. “Because let’s face it, American families are being financially squeezed right now – especially my neighbors in Florida still struggling to rebuild from Hurricanes Helene and Milton. Utility companies in at least 19 states have hiked rates as much as $40 per month since the Trump administration began. Republicans have not brought forth a single bill to lower energy costs for hardworking American families. Instead, what they’re offering today is a handout to big oil companies and polluters and the impact will be to raise your electric bill.”

    “There’s nothing and no one House Republicans won’t betray just to fund obscene tax breaks for their wealthy donors,” said Congresswoman Clarke. “By taking an axe to the critical programs Americans rely on to protect them from the climate crisis, reduce pollution, and keep energy affordable, our colleagues across the aisle have once again proven they are incapable of putting the needs of their communities above the demands of their billionaire puppet masters.”

    “What this bill does is create total chaos for the auto industry in repealing EPA’s emission standards for light and medium-duty vehicles and NHTSA’s corporate average fuel economy standards. What the domestic auto industry needs now more than anything is certainty. My priority is to protect American jobs, maintain our competitive edge in automotive manufacturing, ensure the United States leads in technology and innovation, and that we cede our leadership to nobody,” said Congresswoman Dingell. “Our policies must reflect the priorities on the ground, prioritize consumer choice and offer a practical, ambitious path forward. To remain competitive, the US must align with the global shift towards hybrids, electric vehicles, and down the road, who else knows what other technology. Here’s a fact. The global marketplace wants electric vehicles and I will be damned if I let China beat us in that market.”

    “I know the Trump Administration and some of my colleagues on the other side of the aisle don’t like the word environmental justice, but what environmental justice is designed to do is recognize that there are communities in this country — white, black, low-income, urban and rural — where energy projects were put in place with no input from the community, where the people didn’t have the resources to fight back or even knew what was happening,” said Congresswoman McClellan. “These are the same communities that have some of the poorest health outcomes in the country. We should want to help address centuries of injustice and invest in those communities, but this bill guts those programs altogether – that’s not justice.”

    “In my time here in Congress, I have participated in investigations of large corporations that have poisoned communities across the country. A lot of times, these communities were poisoned due to large corporations that were exploiting corrupt loopholes in the law in order to poison the most vulnerable communities in America,” said Congresswoman Ocasio-Cortez. “And I deeply fear that there is a loophole and similar provision in this bill. This bill allows gas companies to pay $1 million in order for their project to bypass the traditional permitting process. In fact, this bill allows natural gas pipeline projects to pay a fee of $10 million to cut the line and bypass the normal permitting process. Allowing massive corporations to simply cut a check to bypass the very real reasons why permitting exists in the first place, poses a deep and grave danger to people across the country.”

    “Last Congress, my Republican colleagues were insistent that we should have an all-of-the-above energy strategy, one that leveraged our natural resources, unleashed American innovation, and cut through bureaucratic red tape,” said Congressman Peters. “Which is why I am confused that we are considering a reconciliation bill that picks winners and losers, and elevates expensive, outdated, and inefficient sources like coal over cheap American-made energy like solar, wind, and storage. Why does this bill provide government-backed insurance to coal plants, as the President of the United States single-handedly kills hundreds, if not thousands, of clean energy jobs across the country by illegally targeting projects and weaponizing the permitting process?”

    “This bill completely bypasses communities and landowners, and these ‘pay-to-play’ provisions put not just a thumb but an entire arm, maybe a body on the scale favoring oil and gas,” said Congresswoman Schrier. “It’s giant corporations like Shell, BP, Chevron. They’re the ones that have the wherewithal to pay to bypass all permitting requirements. This bill is more of the ‘drill baby drill’ agenda that we hear every week from our Republican colleagues. I’m all for streamlining permitting to address energy demand and infrastructure that has real impacts on our communities. But there’s ways to streamline permitting and get new energy resources online without sidelining solar, wind, nuclear, hydropower, or hydrogen projects. Streamlining permitting is key if we’re going to meet energy demand. Clean power should have the same opportunity as oil and gas and we shouldn’t be disregarding important environmental protections.”

    “This is a bad deal for the South, whether it’s consumers in Florida or whether it’s all these high-paying jobs going to all these Southern states. This is a job killer,” said Congressman Soto. “In addition, adding in defunding of interstate transmission lines. I’ve heard from both sides of the aisle how often this is critical. So why in the world would you defund the interstate transmission lines? That makes no sense. That will raise energy prices. It will prevent efficiencies in the market. And it will prevent different states from specializing in new types of energy, whether it’s modular nuclear or renewable energy that’s being formulated here in Florida.”

    Background

    House Republicans are gutting critical pollution protections and pollution reduction programs, raising American household energy costs, pulling the rug out from under America’s manufacturing sector, and creating a brazen new “pay-to-play” bribery scheme for polluting corporations. Here’s what the bill does:   

    • Repeals and rescinds funding from Environmental Protection Agency programs that protect Americans from pollution and help American households save money on energy costs and medical bills. Some of these programs include:
      • Greenhouse Gas Reduction Fund that is dedicated to lowering energy bills and cutting pollution.
      • Environmental and Climate Justice Block Grants that support disadvantaged communities to reduce pollution and pollution-related health impacts in their communities.
      • Methane Emissions and Waste Reduction Incentive Program to reduce pollution and waste from the oil and gas sector, improving the health and economic well-being of overburdened communities, while also saving energy.
      • Clean Heavy Duty Vehicle Program that helps communities replace old polluting diesel engines and vehicles—some of the dirtiest vehicles on the road—with new, clean vehicles.
      • Clean Ports Program that helps improve air quality around U.S. ports and address the public health and environmental impacts to surrounding communities.
    • Repeals life-saving Clean Air Act standards for vehicle pollution and fuel efficiency that help Americans save money at the pump and improve health outcomes in our communities.
    • Eliminates funding for the Department of Energy Loan Programs and the Advanced Industrial Facilities Deployment Program that help commercialize next-generation American-made technology, bringing manufacturing back to America and creating good-paying jobs, while also developing cutting-edge technologies that save Americans money and reduce pollution in American communities.
    • Creates a pay-to-play bribery scheme for polluters that allows oil and gas companies to pay a fee and bypass standard permitting, environmental reviews, and judicial review processes. Whether it’s a natural gas pipeline or a natural gas export terminal, companies can simply buy all the permits they need to build their pipeline through your community. This is blatant and unconscionable corruption.

    Republicans had multiple opportunities to improve the bill and ensure that Americans’ pocketbooks, health, and livelihoods are protected, but Republicans repeatedly rejected Democratic amendments, including Democratic-led efforts to: 

    • Ensure that this bill does not raise energy costs for American households. Representative Castor’s amendment would have required the U.S. Energy Information Administration to publish the impacts of the Energy Subtitle of the bill on monthly energy costs for American households.
    • Protect the health and safety of our families and communities. Representative Dingell’s amendment would have prevented the repeal of the Greenhouse Gas Reduction Fund.
    • Hold polluters accountable and prevent the legalization of corruption under this bill. Representative Ocasio-Cortez’s amendment would have required the Inspector General of the Department of Energy to certify that this bill will not increase risks of corruption or ‘pay-to-play’ politics.
    • Protect American energy independence and deliver cheap energy to Americans. Representative Auchincloss’ amendment would have prevented the energy provisions from going into effect until the Secretary of Energy certifies that tariffs on energy imports are no greater than they were on January 19, 2025.

    ###

    MIL OSI USA News –

  • MIL-OSI Russia: China’s decision not to approve Taiwan region’s participation in 78th WHA session received broad support from international community – Chinese MFA

    Translation. Region: Russian Federal

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

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

    BEIJING, May 15 (Xinhua) — China’s decision not to approve the Taiwan region’s participation in the 78th World Health Assembly (WHA) has found broad support and understanding in the international community, Foreign Ministry spokesperson Lin Jian said Thursday.

    Lin Jian made the remarks at a regular press briefing, commenting on media reports that Taiwan has not yet received an invitation to attend the 78th session of the WHA, which opens on May 19. The diplomat noted that China’s position on Taiwan’s participation in international organizations, including the World Health Organization (WHO), is consistent and clear.

    “This issue should be resolved in accordance with the one-China principle, which is also a fundamental principle affirmed by UN General Assembly (GA) Resolution 2758 and WHA Resolution 25.1,” Lin Jian noted.

    According to him, the Chinese region of Taiwan has no basis, no reason, and no right to participate in the WHA without the permission of the central government, and due to the stubborn separatist position of the Democratic Progressive Party (DPP) administration in Taiwan, there is no longer a political basis for the Taiwan region to participate in the WHA.

    In order to uphold the one-China principle and uphold the seriousness and authority of the relevant UNGA and WHA resolutions, China has decided not to approve the Taiwan region’s participation in this year’s WHA session, Lin Jian said.

    He recalled that for quite some time now, the DPP administration and individual countries have been openly trying to turn back the wheel of history by deliberately distorting and challenging UNGA Resolution 2758 in an effort to challenge the one-China principle.

    “Such actions, in fact, challenge not only China’s sovereignty and territorial integrity, but also international justice, broad international consensus and the post-war international order,” the official representative emphasized.

    As Lin Jian noted, China’s decision not to approve the Taiwan region’s participation in this year’s WHA session has won broad support and understanding from the international community, and this convincingly demonstrates that adhering to the one-China principle meets the aspirations of the people and the general trend of the times, and is a generally recognized truth.

    “The international community’s commitment to the one-China principle is unquestionable and cannot be shaken. Whatever the DPP administration says or does, it will not change the fact that Taiwan is part of China, nor will it stop the historical trend toward China’s inevitable and final reunification,” Lin Jian concluded, adding that “Taiwan independence” is a dead end, and any provocations by its supporters are doomed to failure. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: V. Zelensky refused to participate in Russian-Ukrainian negotiations in Istanbul

    Translation. Region: Russian Federal

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

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

    ANKARA, May 15 (Xinhua) — Ukrainian President Volodymyr Zelensky said at a press conference held at the Ukrainian Embassy in Turkey on Thursday that he will not personally participate in the talks with the Russian side in Istanbul, but the Ukrainian side will send a high-level delegation to them.

    V. Zelensky arrived in Ankara at midday on May 15, after which he held several hours of closed-door talks with Turkish President Recep Tayyip Erdogan at his residence. He then made the above statement at a press conference at the Ukrainian embassy.

    He said that the Ukrainian delegation would be headed by Defense Minister Rustem Umerov and would include representatives of military and intelligence agencies. It is not yet clear when the talks will take place – May 15 or 16.

    The head of the Russian delegation to the talks with Ukraine, Vladimir Medinsky, said on Thursday: “We view these talks as a continuation of the peace process in Istanbul, which, unfortunately, was interrupted by the Ukrainian side three years ago. Our official delegation has been approved by a presidential decree, and it has all the necessary competencies and powers to conduct negotiations.”

    “The delegation is set on a constructive mood, on finding possible solutions and points of contact. The goal of direct negotiations with the Ukrainian side is to sooner or later establish long-term peace by eliminating the basic root causes of the conflict,” the head of the Russian delegation emphasized. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Pakistan, India agree to extend ceasefire until May 18: Pakistani FM

    Translation. Region: Russian Federal

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

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

    ISLAMABAD, May 15 (Xinhua) — Pakistan and India held talks on Thursday and agreed to extend the current ceasefire until May 18, Pakistani Deputy Prime Minister and Foreign Minister Ishaq Dar said.

    Speaking in parliament, he said that earlier on Thursday, the two countries’ militaries had contacted each other and decided to extend the ceasefire, followed by a transition to political dialogue.

    “The initial ceasefire agreement concluded on May 10 was in effect until May 12. It was then extended until May 14, and now until May 18,” I. Dar told parliamentarians.

    He added that so far, military-level talks have played an important role in maintaining the ceasefire, and comprehensive political talks will begin after May 18.

    “Comprehensive and result-oriented negotiations will be held with India. The aim is not to recognize anyone’s superiority, but to resolve issues on the basis of equality,” the Pakistani Foreign Minister stressed.

    Tensions between the two countries escalated in the early hours of May 7 when India carried out airstrikes on several targets in Pakistan following an armed attack last month in Pahalgam in Indian-controlled Kashmir, where unidentified militants killed 26 civilians.

    After several days of fierce fighting, the parties agreed to a ceasefire on May 10, which was then extended in stages. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Chinese Premier Stresses Sustainable Economic Growth, High-Quality Development

    Translation. Region: Russian Federal

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

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

    BEIJING, May 15 (Xinhua) — Chinese Premier Li Qiang on Thursday stressed the importance of using the stability and long-term growth of domestic economic circulation to guard against the uncertainty of international circulation, and called for promoting the country’s sustainable and long-term economic growth and high-quality development.

    Li Qiang made the remarks at a State Council meeting on strengthening domestic circulation, chaired by State Council Vice Premier Ding Xuexiang.

    China needs to coordinate its strategy of expanding domestic demand and deepening supply-side structural reforms, and strengthen effective links between domestic and international markets, Li Qiang said.

    The head of the Chinese government stressed that in order to strengthen domestic economic circulation, it is necessary to focus on four aspects: efficient allocation of resources, deep integration of scientific and technological and industrial innovation, building self-sufficient and complete industrial and supply chains, and maintaining a dynamic balance between supply and demand.

    Li Qiang called for providing targeted and effective assistance to the country’s foreign trade enterprises, stimulating employment in various ways, identifying the potential for stimulating consumption, increasing effective investment, and coordinating development and security.

    The Premier of the State Council stressed that all departments and regions should strengthen the planning and implementation of policies, strengthen the coordination of work, and do everything possible to stimulate market vitality and social creativity. –0–

    MIL OSI Russia News –

  • MIL-OSI China: Xi congratulates president of Togo on assuming office 2025-05-15 19:55:00 Chinese President Xi Jinping on Wednesday extended congratulations to Jean-Lucien Savi de Tove on assuming the presidency of Togo.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, May 15 (Xinhua) — Chinese President Xi Jinping on Wednesday extended congratulations to Jean-Lucien Savi de Tove on assuming the presidency of Togo.

      Also on Wednesday, Xi sent a congratulatory message to Faure Gnassingbe on his assuming office as the president of Togo’s Council of Ministers.

      Xi said that friendly relations between China and Togo have been jointly established and carefully nurtured by the generations of leaders of both countries.

      Over half a century, the two sides have always adhered to sincerity, friendship, equality, mutual trust and win-win cooperation, he said.

      He also noted that the two countries have always firmly supported each other on matters of their core interests and major concerns, and have become a model of equality among nations, regardless of size, as well as unity and cooperation in the Global South.

      During the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) held in Beijing, China and Togo have elevated bilateral relations to a comprehensive strategic partnership, opening a new chapter in bilateral ties, he said.

      Xi said he attaches great importance to the development of China-Togo relations and is willing to work with Togo’s leaders to take the implementation of the FOCAC Beijing Summit outcomes as an opportunity to carry forward the traditional friendship, expand cooperation in various fields, and continuously enrich the connotation of the comprehensive strategic partnership, so as to better benefit the people of both countries.

      Also on Wednesday, Chinese Premier Li Qiang sent a congratulatory message to Faure Gnassingbe on his assuming office as the president of Togo’s Council of Ministers.

    loading…

    MIL OSI China News –

  • MIL-OSI China: Philippines should stop risky infringements and provocations: Defense Spokesperson 2025-05-15 21:53:10 “We urge the Philippine side to stop any risky infringements and provocations, and refrain from challenging China’s firm resolve in safeguarding territorial sovereignty and maritime rights and interests. Otherwise, it will only taste the bitter fruit of its own doing,” said a Chinese defense spokesperson on Thursday.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, May 15 — “We urge the Philippine side to stop any risky infringements and provocations, and refrain from challenging China’s firm resolve in safeguarding territorial sovereignty and maritime rights and interests. Otherwise, it will only taste the bitter fruit of its own doing,” said a Chinese defense spokesperson on Thursday.

      It is reported that recently the Philippines has frequently sent its frigates in an attempt to intrude into the territorial waters of China’s Huangyan Dao, and claimed that the Chinese military vessels took high-risk maneuvers.

      When being asked to share comment, Senior Colonel Jiang Bin, spokesperson for China’s Ministry of National Defense, stressed that Huangyan Dao is China’s inherent territory. 

      According to the spokesperson, in recent days, the Philippine military vessels attempted to intrude into the territorial waters of China’s Huangyan Dao. “The Chinese side took necessary measures to stop and dispel them, which was completely legitimate, legal, professional and restrained,” said the spokesperson, adding that the Philippine side’s actions were highly irresponsible and severely threatened China’s sovereignty and security by approaching Chinese vessels in a dangerous manner. 

    loading…

    MIL OSI China News –

  • MIL-OSI China: China’s defense chief outlines six proposals to support UN peacekeeping reform 2025-05-16 01:05:21 Chinese Defense Minister Dong Jun on Wednesday laid out six proposals to support the reform and transformation of United Nations peacekeeping operations, reaffirming China’s long-standing commitment to multilateral security cooperation.

    Source: People’s Republic of China – Ministry of National Defense

      By Jiang Chenglong

      Chinese Defense Minister Dong Jun on Wednesday laid out six proposals to support the reform and transformation of United Nations peacekeeping operations, reaffirming China’s long-standing commitment to multilateral security cooperation.

      Speaking at the 6th UN Peacekeeping Ministerial in Berlin, Dong said peacekeeping missions offer peace and hope to people suffering in conflict zones. His remarks were released Thursday by China’s Ministry of National Defense.

      China “steadfastly promotes the building of a community with a shared future for mankind,” Dong said, adding that the country remains a firm supporter and constructive contributor to UN peacekeeping.

      Dong’s six-point proposal included advancing the Global Security Initiative through unity, cooperation and mutual benefit in addressing international security challenges. He also called for firm support for the UN’s central role in global peace and security.

      Additional proposals included enhancing training for peacekeeping professionals, organizing high-level strategic seminars, expanding training sessions, and improving the readiness and capabilities of China’s peacekeeping standby forces.

      On the sidelines of the conference, Dong met with senior UN officials as well as defense leaders from France, Germany, Italy and Nepal.

    loading…

    MIL OSI China News –

  • MIL-OSI China: Chinese defense minister holds talks with German counterpart 2025-05-15 23:02:51 The Chinese Defense Minister Admiral Dong Jun, who is currently on a visit to Germany at invitation, held talks with his German counterpart, Boris Pistorius, on May 15.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, May 15 — The Chinese Defense Minister Admiral Dong Jun, who is currently on a visit to Germany at invitation, held talks with his German counterpart, Boris Pistorius, on May 15.

      The two sides had an in-depth exchange of views on the relations between the two countries and the two militaries, international and regional situations as well as issues of common concern, and reached a consensus on strengthening practical exchanges and cooperation between the two militaries.

    loading…

    MIL OSI China News –

  • MIL-OSI Russia: China issues guidelines to push ahead with urban renewal campaign

    Translation. Region: Russian Federal

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

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

    BEIJING, May 15 (Xinhua) — China will vigorously and steadily push forward urban renewal projects, according to a policy document released Thursday.

    The document, released by the General Office of the Communist Party of China Central Committee and the General Office of the State Council, aims to make significant progress in the urban renewal campaign by 2030. It sets goals to improve safety conditions, enhance service efficiency, enhance living environments, develop business models and protect cultural heritage.

    It is noted that efforts should focus on strengthening and renovating existing buildings, including in older residential areas, while optimizing infrastructure such as parking, charging stations, fire protection and communications.

    According to the document, the renewal and reconstruction of old commercial areas, industrial zones and villages within the city will be promoted. It is supposed to create multi-level and comprehensive networks of public services to meet the everyday needs of the population.

    The directive emphasizes the need for accelerated construction and reconstruction of gas, water, drainage, sewer, underground heating communications and utility tunnels, as well as active construction of public fire-fighting facilities and improvement of transport infrastructure.

    In addition, requirements have been formulated for the restoration of urban ecosystems and the protection of the historical and cultural heritage of cities.

    The document provides for the creation of a mechanism for implementing urban renewal programs, improving land use policies, and developing a housing safety management system throughout the entire life cycle. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: The Russian delegation in Istanbul is determined to find possible solutions and points of contact – head of the delegation V. Medinsky

    Translation. Region: Russian Federal

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

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

    Moscow, May 15 (Xinhua) — The Russian delegation views the talks with Ukraine as a continuation of the peace process in Istanbul, which was interrupted in 2022, Vladimir Medinsky, head of the Russian delegation at the talks with Ukraine, said on Thursday.

    “We view these negotiations as a continuation of the peace process in Istanbul, which, unfortunately, was interrupted by the Ukrainian side three years ago. Our official delegation was approved by the presidential decree, and it has all the necessary competencies and powers to conduct negotiations,” V. Medinsky said.

    “The delegation is set on a constructive mood, on finding possible solutions and points of contact. The task of direct negotiations with the Ukrainian side is to sooner or later reach the establishment of long-term peace, eliminating the basic root causes of the conflict,” the head of the Russian delegation emphasized.

    Russian President Vladimir Putin, speaking to journalists in the Kremlin on the night of May 11, proposed that the Ukrainian side resume direct negotiations, interrupted in 2022, without preconditions. It was proposed to begin the dialogue on May 15 in Istanbul. Later on May 11, Ukrainian President Volodymyr Zelensky proposed to V. Putin on the social network X to hold a personal meeting in Turkey on May 15 to resolve the Russian-Ukrainian armed conflict. He added that Ukraine also expects a full and long-term ceasefire starting on May 12. On Wednesday, V. Putin approved the composition of the Russian delegation for negotiations with Ukraine, headed by Russian presidential aide V. Medinsky. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Israeli airstrikes kill at least 80 in Gaza, cripple cancer hospital

    Translation. Region: Russian Federal

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

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

    GAZA, May 15 (Xinhua) — At least 80 Palestinians were killed and dozens wounded in Israeli air strikes on the Gaza Strip on Thursday, Palestinian medical and institutional sources said.

    The shelling of the town killed 54 people, including women and children, according to a press statement issued by Nasser Hospital in the southern Gaza Strip city of Khan Younis.

    Gaza’s European Hospital, the only medical facility in the Palestinian enclave that provides cancer care, was put out of action by recent Israeli airstrikes, according to health officials in the Palestinian enclave.

    The attacks by the Jewish state “caused significant damage to infrastructure, in particular sewer lines, damaged department buildings and destroyed roads leading to the hospital,” the authorities said in a press statement.

    Medical sources also told Xinhua that another 26 people were killed in Israeli airstrikes on Gaza City and other areas in the northern part of the enclave.

    On May 13, Israeli Prime Minister Benjamin Netanyahu warned that the Jewish state’s military would enter the Gaza Strip “with full force” in the coming days to continue the defeat of the Hamas movement.

    Israel resumed full-scale military action in Gaza on March 18, ending a two-month truce. Since then, 2,876 Palestinians have been killed and more than 7,800 wounded, according to health officials in the enclave.

    The total number of Palestinians killed since the current round of the Palestinian-Israeli conflict began on October 7, 2023, reached 53,010 as of Thursday, according to official statistics from Gaza’s health authorities. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: World’s largest car carrier, built by China, sets off on maiden voyage

    Translation. Region: Russian Federal

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

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

    SHANGHAI, May 15 (Xinhua) — China’s self-built car carrier Anji Ansheng, the world’s largest by cargo capacity, departed from Shanghai Port on Thursday evening on its maiden voyage, carrying nearly 7,000 Chinese-made vehicles to Europe.

    The car carrier’s departure from Shanghai marked a new milestone for Chinese shipbuilding as the Anji Ansheng broke the world’s largest cargo-carrying capacity record set just weeks earlier by Chinese auto giant BYD’s Shenzhen. The Shenzhen previously held the title of the world’s largest car carrier in operation. –0–

    MIL OSI Russia News –