NewzIntel.com

Category: CTF

  • MIL-OSI China: Urumqi ranks among China’s top summer destinations

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

    URUMQI, July 23 — Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region, recorded 50.57 million tourist visits in the first half of 2025, making it China’s third most popular summer travel destination, said a press conference on Wednesday.

    A series of cultural and tourism events, such as traditional folk performances and performing arts festivals, have drawn tourists from around the world, according to the regional people’s government.

    The city’s tourism boom has been supported by an increasingly convenient transport network. Urumqi Tianshan International Airport, a national gateway hub, boasts annual passenger trips of 48 million and a cargo throughput of 550,000 tonnes. It operates 258 flight routes connecting over 100 cities at home and abroad.

    Last year, Xinjiang received over 300 million tourist visits, generating more than 359 billion yuan (about 50.27 billion U.S. dollars) in tourism revenue, a year-on-year increase of 21 percent.

    MIL OSI China News –

  • MIL-OSI China: Chinese Vice Premier He Lifeng will be in Sweden on July 27-30 for trade talks with US

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

    Chinese Vice Premier He Lifeng will be in Sweden from July 27 to 30 for economic and trade talks with the United States upon mutual agreement, the commerce ministry announced Wednesday.

    Following the important consensus reached during the phone talks between the two heads of state on June 5, the two sides will leverage the role of the China-U.S. economic and trade consultation mechanism, and continue to engage in consultations on economic and trade issues of mutual concern based on the principle of mutual respect, peaceful coexistence and win-win cooperation, said a spokesperson with the ministry.

    MIL OSI China News –

  • Skill development drive under PMKVY sees over 20 lakh youth trained in FY 2024-25

    Source: Government of India

    Source: Government of India (4)

    The Ministry of Skill Development and Entrepreneurship (MSDE) has reported notable progress under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), with over 20 lakh candidates trained in the financial year 2024-25 alone. The flagship scheme, launched in 2015, aims to equip India’s youth with skill development through Short-Term Training (STT) and Recognition of Prior Learning (RPL) initiatives.

    Over the last five financial years, a cumulative effort across States and Union Territories has contributed to a significant rise in skilled manpower. Uttar Pradesh led the training numbers in FY 2024-25, with more than 4.63 lakh individuals trained, followed by Rajasthan with 2.79 lakh and Madhya Pradesh with over 2.58 lakh trainees.

    Placement tracking under PMKVY was actively carried out during its first three phases-PMKVY 1.0, 2.0, and 3.0-covering the period from 2015-16 to 2021-22. As per official data, the placement rate of candidates certified under the STT component during these phases stood at 43%. Under the current phase, PMKVY 4.0, the emphasis has shifted towards empowering candidates to make informed choices in their career paths with necessary orientation support.

    Third-party evaluations have reaffirmed the scheme’s impact. A study by Sambodhi Research and Communications found that individuals trained and certified under PMKVY 2.0 earned 15 percent more, on average, than their counterparts who had not participated in the scheme. RPL-certified individuals reported a 19 percent higher monthly income when compared to those without certification.

    Further, a study conducted by NITI Aayog in October 2020 revealed that 94 percent of employers surveyed expressed willingness to hire more PMKVY-trained candidates. Additionally, the Indian Institute of Public Administration (IIPA), in its impact evaluation, found that about 70.5 percent of surveyed trainees secured jobs in their desired skill sectors. Over half of the candidates trained under RPL also reported receiving or expecting better salaries than their untrained peers.

    To enhance employment opportunities under PMKVY 4.0, the Skill India Digital Hub (SIDH) has been launched. This integrated platform provides a unified digital space connecting the skilling, education, employment, and entrepreneurship ecosystems. Job seekers can access career opportunities and apprenticeships, while employers can tap into a database of trained candidates. Rozgar Melas are also being organized across the country to facilitate direct engagement between employers and job aspirants.

    This information was shared in a written reply by the Minister of State (Independent Charge) for the Ministry of Skill Development and Entrepreneurship, Jayant Chaudhary, in the Rajya Sabha.

  • MIL-OSI United Kingdom: PM call with President Erdoğan of Türkiye: 22 July 2025

    Source: United Kingdom – Government Statements

    Press release

    PM call with President Erdoğan of Türkiye: 22 July 2025

    The Prime Minister spoke to the President of Türkiye Recep Tayyip Erdoğan yesterday evening.

    The Prime Minister spoke to the President of Türkiye Recep Tayyip Erdoğan yesterday evening.

    The two leaders looked ahead to today’s International Defence Industry Fair in Istanbul, where their Defence Ministers have taken the next step towards signing a multi-billion-pound export deal of UK-built Typhoon jets to Türkiye. 

    The Prime Minister added that once fully finalised, this enhanced military co-operation will strengthen NATO’s collective defences and keep us safer during uncertain times, as well as sustaining 20,000 UK jobs and driving growth. 

    Turning to the Middle East, they discussed the intolerable situation in Gaza and underlined the urgent need for more aid and an urgent ceasefire, in order to pave the way for a two-state solution and a secure future for Palestinians and Israelis.

    They reiterated their concern about the recent violence in Syria, and agreed that the ceasefire must hold.

    The Prime Minister thanked the President for Türkiye’s convening role in the upcoming talks between Russia and Ukraine in Istanbul today, as well as the discussions due to take place on Iran’s nuclear programme later this week.

    Updates to this page

    Published 23 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Byers Gill Solar development consent decision announced

    Source: United Kingdom – Government Statements

    Press release

    Byers Gill Solar development consent decision announced

    The Byers Gill Solar application has today been granted development consent by the Department for Energy Security and Net Zero.

    Byers Gill Solar

    The application will consist of a proposed solar farm with over 50MW capacity, Solar PV modules and associated mounting structures, inverters, transformers, switch gear and control equipment, a substation, energy storage equipment and underground on and off-site cabling. 

    The application was submitted to the Planning Inspectorate for consideration by RWE Renewables UK Solar and Storage Limited on 9 February 2024 and accepted for examination on 8 March 2024.  

    Following an examination during which the public, statutory consultees and interested parties were given the opportunity to give evidence to the Examining Authority, recommendations were made to the Secretary of State on 23 April 2025.   

    This is the 96th energy application out of 160 applications examined to date and was again completed by the Planning Inspectorate within the statutory timescale laid down in the Planning Act 2008.   

    Local communities continue to be given the opportunity of being involved in the examination of projects that may affect them. Local people, the local authority and other interested parties were able to participate in this six-month examination.   

    The Examining Authority listened and gave full consideration to all local views and the evidence gathered during the examination before making its recommendation to the Secretary of State.  

    The decision, the recommendation made by the Examining Authority to the Secretary of State for Energy Security and Net Zero and the evidence considered by the Examining Authority in reaching its recommendation are publicly available on the project pages of the National Infrastructure Planning website.  

    This decision was made by Minister Miatta Fahnbulleh on behalf of the Energy Secretary’s legal authority. 

    Journalists wanting further information should contact the Planning Inspectorate Press Office, on 0303 444 5004 or 0303 444 5005 or email:   

    Press.office@planninginspectorate.gov.uk

    Updates to this page

    Published 23 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Rosneft Continues Whale Research

    Translation. Region: Russian Federal

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    World Whale and Dolphin Day is celebrated annually on July 23. The date was established to draw humanity’s attention to the need to preserve and protect cetaceans and other marine mammals.

    Rosneft pays special attention to environmental issues and the preservation of biodiversity. The Company’s activities are based on the principle of preserving a favorable environment and biological diversity in all regions of presence. Studying and protecting the population of whales and dolphins is one of the areas of Rosneft’s environmental program.

    One of the main species that receives close attention is the gray whale of the Okhotsk Sea population. The monitoring program for these whales has been carried out on the north-eastern shelf of Sakhalin Island for almost 30 years. As part of the research, specialists annually conduct a population census, observe the behavior of animals and study their food supply, carry out photo-identification studies, and acoustic monitoring.

    Until the 1990s, the Okhotsk Sea gray whale population was considered to be completely exterminated and was classified as a species on the verge of extinction. In 2018, the western gray whale population was classified as endangered, indicating a slow but steady recovery of the Okhotsk subpopulation of gray whales.

    In 2019, the Okhotsk Sea populations of gray and Greenland whales were included by the Russian Ministry of Natural Resources in the list of rare and endangered species of wildlife requiring priority measures for restoration and reintroduction. In 2020, the Okhotsk Sea population of gray whales was listed in the Red Book of the Russian Federation.

    In addition, the Company conducts environmental monitoring of the Okhotsk-Korean population of gray whales on the north-eastern shelf of Sakhalin Island. Specialists annually perform photo identification, population census, and studies of the food supply and behavior of mammals. The main life period of gray whales in the Sea of Okhotsk is fattening and reproduction, so studying the state of their food supply is one of the most important stages of observations.

    As part of the study of the Okhotsk-Korean gray whale population, unique acoustic monitoring is also being conducted, which includes recording and analyzing the level of natural and anthropogenic underwater noise. The research allows us to study the nature of sounds and model their propagation. Acoustic measurements are carried out using autonomous underwater recorders developed specifically for the project.

    Rosneft is an active participant in the Interdepartmental Working Group under the Ministry of Natural Resources of the Russian Federation to ensure the conservation of the Okhotsk-Korean population of gray whales. The working group develops proposals for the development of legislation for population management, coordinates the interaction of interested federal and regional executive authorities, the business community, scientific and public organizations.

    In 2020, Rosneft, together with the P.P. Shirshov Institute of Oceanology of the Russian Academy of Sciences, implemented a large-scale project to study and monitor Black Sea dolphins. Based on the results of 3 years of observations, modern up-to-date data were obtained on the number and preferred habitats of these Black Sea cetaceans, and the characteristics of their seasonal distribution. Recommendations for the study and conservation of dolphins were prepared.

    Reference:

    The gray whale is the only whale species that has mastered bottom feeding. Whales usually scoop up benthos from the bottom along with water, silt and pebbles at a depth of 15-60 m and filter the suspension through their baleen. The gray whale’s diet includes up to 70 species of invertebrates, including annelids, bivalves, small crustaceans and young fish.

    Gray whales swim slowly – on average 5-8 km/h, which allows marine parasites to cling to the whale’s skin and establish their colonies. The total weight of these fellow travelers can reach 180 kg per whale.

    Department of Information and AdvertisingPJSC NK RosneftJuly 23, 2025

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: “Online University Admission”: Super Service for Applicants

    Translation. Region: Russian Federal

    Source: Official website of the State –

    An important disclaimer is at the bottom of this article.

    In 2025, admission to universities for bachelor’s, specialist’s, master’s and postgraduate programs will be carried out through the “Online University Admission” service, developed by the Ministry of Education and Science of Russia, the Ministry of Digital Development, Communications and Mass Media of Russia, Rosobrnadzor and available on the “Gosuslugi” portal.

    It allows applicants to submit documents to educational and scientific organizations without a personal visit.

    What programs can I apply for?

    An applicant can apply for budgetary (including targeted) and fee-based education, full-time, part-time and correspondence, for bachelor’s and specialist’s degree programs, including programs of six universities participating in the pilot project to update the higher education system.

    Step by step instructions

    We will tell you in more detail about the procedure for submitting an application on the State Services portal.

    Step 1. Registration on the State Services portal and creation of a digital profile

    A verified account is required to submit an application.

    In your personal account, you can request your data on educational documents, individual achievements (IA), as well as information on disability, and then you will not have to enter them manually and confirm them with originals when submitting an application to a university.

    Step 2. Filling out the application for admission

    Provide information about education, benefits and special rights. Specify the desired areas of study. When applying for a bachelor’s degree, specialist degree or basic higher education, you can choose up to 5 universities and up to 5 areas in each of them, including paid education. The new service “University Selection” will help you quickly find the right university, select a specialty based on subjects and USE scores, and find out the passing scores of previous years. Specify admission priorities Attach documents confirming your individual achievements and entitlement to benefits.

    Details in the video instructions:

    Additionally, at this stage you can choose targeted training by answering “Yes” to the corresponding question on the questionnaire.

    You can find a customer for admission to targeted training on the portal “Work in Russia”.

    How to apply for targeted training, see the video instructions:

    https://guu.ru/wp-content/uploads/05_06_2025-Кака-подача-заяку на-целебное-обучение-в-вуз_17_06_2025.mp4

    Step 3. Submitting an application and tracking the status

    Please check your completed application again carefully and only then submit it.

    Please note that additional or internal entrance examinations must be registered separately.

    In addition, universities have the right to request additional documents or ask to replace copies that are difficult to read.

    Step 4: Submit consent

    This can be done immediately after submitting an application on Gosuslugi, in person at the admissions office, or by sending a letter by mail.

    You can submit consent on State Services starting with the application status “Submitted to the university”.

    If consent has been submitted, but according to the competition lists you see that you are not eligible for the required program, or your priorities have changed, you can revoke consent and submit it to another university.

    Step 5: Receive Notification of Enrollment

    Once the admission orders are published, you will receive a notification of the results.

    The video explains how to conclude an agreement if you are enrolling in a paid course.

    Any questions left?

    Find out more on the service website or ask the members of the admissions committee of the State University of Management by phone 8 (495) 371-00-55, online or in person.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI USA: Amid regional conflict, the Strait of Hormuz remains critical oil chokepoint

    Source: US Energy Information Administration

    In-brief analysis

    June 16, 2025

    The TIE was reposted to correct a data label and provide the figure data.

    Data source: U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: 1Q25=first quarter of 2025. figure data

    The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The strait is deep enough and wide enough to handle the world’s largest crude oil tankers, and it is one of the world’s most important oil chokepoints. Large volumes of oil flow through the strait, and very few alternative options exist to move oil out of the strait if it is closed. In 2024, oil flow through the strait averaged 20 million barrels per day (b/d), or the equivalent of about 20% of global petroleum liquids consumption. In the first quarter of 2025, total oil flows through the Strait of Hormuz remained relatively flat compared with 2024.

    Although we have not seen maritime traffic through the Strait of Hormuz blocked following recent tensions in the region, the price of Brent crude oil (a global benchmark) increased from $69 per barrel (b) on June 12 to $74/b on June 13. This piece highlights the importance of the strait to global oil supplies.

    Chokepoints are narrow channels along widely used global sea routes that are critical to global energy security. The inability of oil to transit a major chokepoint, even temporarily, can create substantial supply delays and raise shipping costs, potentially increasing world energy prices. Although most chokepoints can be circumvented by using other routes—often adding significantly to transit time—some chokepoints have no practical alternatives. Most volumes that transit the strait have no alternative means of exiting the region, although there are some pipeline alternatives that can avoid the Strait of Hormuz.

    Between 2022 and 2024, volumes of crude oil and condensate transiting the Strait of Hormuz declined by 1.6 million b/d, which were only partially offset by a 0.5-million b/d increase in petroleum product cargoes. The decline in oil transit through the strait partially reflects the OPEC+ decision to voluntarily cut crude oil production several times starting in November 2022, which lowered exports from Saudi Arabia, Kuwait, and the United Arab Emirates (UAE). In addition, disruptions in 2024 to oil flows around the Bab al-Mandeb Strait, which connects the Arabian Sea to the Red Sea, led Saudi Arabia’s national oil company Aramco to shift seaborne crude oil flows from the Strait of Hormuz, instead sending it over land through its East-West pipeline to ports on the Red Sea. Also, more refining capacity in the Persian Gulf states increased regional demand for crude oil and shifted some flows to local markets within the Persian Gulf.

    Flows through the Strait of Hormuz in 2024 and the first quarter of 2025 made up more than one-quarter of total global seaborne oil trade and about one-fifth of global oil and petroleum product consumption. In addition, around one-fifth of global liquefied natural gas trade also transited the Strait of Hormuz in 2024, primarily from Qatar.

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, June 2025, and U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: World maritime oil trade excludes intra-country volumes except those volumes that transit the Strait of Hormuz. LNG=liquefied natural gas. 1Q25=first quarter of 2025

    Based on tanker tracking data published by Vortexa, Saudi Arabia moves more crude oil and condensate through the Strait of Hormuz than any other country. In 2024, exports of crude and condensate from Saudi Arabia accounted for 38% of total Hormuz crude flows (5.5 million b/d).

    Alternative routes
    Saudi Arabia and the UAE have some infrastructure in place that can bypass the Strait of Hormuz, which may somewhat mitigate any transit disruptions through the strait. The pipelines do not typically operate at full capacity, and we estimate that about 2.6 million b/d of capacity from the Saudi and UAE pipelines could be available to bypass the Strait of Hormuz in the event of a supply disruption.

    Saudi Aramco operates the 5 million-b/d East-West crude oil pipeline, which runs from the Abqaiq oil processing center near the Persian Gulf to the Yanbu port on the Red Sea. Aramco temporarily expanded the pipeline’s capacity to 7.0 million b/d in 2019 when it converted some natural gas liquids pipelines to accept crude oil. In 2024, Saudi Arabia pumped more crude oil through the East-West pipeline to avoid the shipping disruptions around the Bab al-Mandeb.

    The UAE also operates a pipeline that bypasses the Strait of Hormuz. This 1.8 million-b/d pipeline links onshore oil fields to the Fujairah export terminal in the Gulf of Oman. In 2024, crude oil and condensate volumes originating in the UAE and traversing Hormuz were 0.4 million b/d less than in 2022 because refinery upgrades allowed more heavy crude oil to be refined locally. These upgrades also allowed the UAE to increase exports of its lighter crude oil grades, and use of the pipeline to the Fujairah export terminal increased. Increased use of the pipeline for day-to-day operations has limited the excess capacity available to reroute additional volumes around the Strait of Hormuz.

    Iran inaugurated the Goreh-Jask pipeline and the Jask export terminal on the Gulf of Oman (avoiding the Strait of Hormuz) with a single export cargo in July 2021. The pipeline’s effective capacity remains around 300,000 b/d. However, during the summer of 2024 Iran exported less than 70,000 b/d from ports (Bandar-e-Jask and Kooh Mobarak) using the Goreh-Jask pipeline and stopped loading cargoes after September 2024.

    Destination markets
    We estimate that 84% of the crude oil and condensate and 83% of the liquefied natural gas that moved through the Strait of Hormuz went to Asian markets in 2024. China, India, Japan, and South Korea were the top destinations for crude oil moving through the Strait of Hormuz to Asia, accounting for a combined 69% of all Hormuz crude oil and condensate flows in 2024. These markets would likely be most affected by supply disruptions at Hormuz.

    Data source: U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: 1Q25=first quarter of 2025. figure data

    In 2024, the United States imported about 0.5 million b/d of crude oil and condensate from Persian Gulf countries through the Strait of Hormuz, accounting for about 7% of total U.S. crude oil and condensate imports and 2% of U.S. petroleum liquids consumption. In 2024, U.S. crude oil imports from countries in the Persian Gulf were at the lowest level in nearly 40 years as domestic production and imports from Canada have increased.

    Principal contributors: Candace Dunn, Justine Barden

    MIL OSI USA News –

  • MIL-OSI: Silynxcom Secures $500,000 of New Orders from Israel Defense Forces, Reinforcing Leadership in Tactical Communication Solutions

    Source: GlobeNewswire (MIL-OSI)

    Netanya, Israel, July 23, 2025 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices, today announced that it has received new purchase orders valued at approximately $500,000 from the Israel Defense Forces (“IDF”). 

    The orders include Silynxcom’s advanced in-ear headset systems and communication accessories, designed to provide secure, reliable, and combat-proven solutions for IDF personnel across various operational units. These systems feature active sound protection, ambient environmental awareness and seamless integration with professional-grade ruggedized radios, ensuring clear communication in high-intensity environments.

    “We are honored to continue our strong relationship with the IDF, delivering cutting-edge communication solutions tailored to the demands of modern defense operations,” said Nir Klein, Chief Executive Officer of Silynxcom. “We believe that these new orders emphasize the confidence in our technology and our commitment to supporting mission-critical operations worldwide.”

    Silynxcom expects to deliver the ordered units in the second half of 2025. The Company believes that this latest milestone reflects the growing global demand for the Company’s innovative tactical communication systems, as defense forces prioritize operational efficiency.

    About Silynxcom Ltd.

    Silynxcom Ltd. develops, manufactures, markets, and sells ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company’s in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations, weapons training courses, and on the factory floor. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers in leading military and law enforcements units. The Company’s In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company’s products based on actual feedback from soldiers and police officers “in the field.” The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.

    For additional informaiton about the company please visit: https://silynxcom.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. For example, the Company uses forward-looking statements when it discusses: the Company’s belief that these orders emphasize the confidence in its technology and commitment to supporting mission-critical operations worldwide; the expected timing of the delivery of the units; and the belief that these orders reflect the growing global demand for the Company’s innovative tactical communication systems. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 13, 2025, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. References and links to websites have been provided in this press release as a convenience, and the information contained on such websites is not incorporated by reference herein.

    Capital Markets & IR Contact
    Michal Efraty
    ir@silynxcom.com

    The MIL Network –

  • MIL-OSI: Diane Davis Appointed to Boards of First Fed and First Northwest Bancorp

    Source: GlobeNewswire (MIL-OSI)

    PORT ANGELES, Wash., July 23, 2025 (GLOBE NEWSWIRE) — First Northwest Bancorp (NASDAQ: FNWB), the holding company for First Fed Bank, announced the appointment of Diane C. Davis to the Boards of Directors of both First Fed Bank and First Northwest Bancorp.

    Ms. Davis brings more than 25 years of leadership experience in the insurance industry, with expertise in executive management, strategy, risk management, and corporate governance. Further, Diane is an experienced community bank board member, having served on the board of First Financial Northwest Bancorp, which was acquired earlier this year.

    “Diane’s extensive experience in risk oversight and executive leadership will be a tremendous asset to our organization as we continue to grow and serve our communities,” said Geri Bullard, Interim CEO of First Fed. “Her proven expertise in strategy and governance aligns with our long-term goals, and we are excited to welcome her to the Board.”

    “Community banks play a vital role in building strong, resilient local economies, and I’m deeply passionate about supporting that mission. I’m honored to join First Fed’s board and work alongside its dedicated executive team and fellow board members,” said Diane Davis.

    Ms. Davis began her career at Farmers New World Life Insurance Company in 1992 and advanced through a variety of leadership roles, including Chief Risk Officer and ultimately President from 2016 until her retirement in 2019. She also served as Regional Chief Risk Officer for Global Life North America at Zurich Insurance Company Ltd., bringing broad actuarial and strategic planning experience to her board role.

    She holds a Bachelor of Science in Actuarial Science from the University of Illinois at Urbana-Champaign and a Master of Business Administration from the University of Washington. A Fellow of the Society of Actuaries, Ms. Davis currently serves as co-chair of 5050 Women on Boards of Greater Seattle and is a former member of the Board of Directors for Habitat for Humanity Seattle-King County.

    Her appointment reflects First Fed’s ongoing commitment to strong governance, sustainable growth, and long-term financial security for its customers and communities.

    About FNWB

    First Northwest Bancorp (Nasdaq: FNWB) is a financial holding company engaged in investment activities including the business of its subsidiary, First Fed Bank. First Fed is a Pacific Northwest-based financial institution which has served its customers and communities since 1923. Currently, First Fed has 18 locations in Washington State including 12 full-service branches. First Fed’s business and operating strategy is focused on building sustainable earnings by delivering a full array of financial products and services for individuals, small businesses, non-profit organizations and commercial customers. In 2022, First Northwest made an investment in The Meriwether Group, LLC, a boutique investment banking and accelerator firm. Additionally, First Northwest focuses on strategic partnerships to provide modern financial services such as digital payments and marketplace lending. First Northwest Bancorp was incorporated in 2012 and completed its initial public offering in 2015 under the ticker symbol FNWB. First Fed is headquartered in Port Angeles, Washington.

    First Fed Bank was recognized by Puget Sound Business Journal as a Best Workplace in 2023 and top Corporate Philanthropist in 2023 and 2024. By popular vote, First Fed received 2024 awards for Best Bank and Best Lender in Best of the Peninsula for Clallam County. First Fed is a Member FDIC and equal housing lender.

    Geri Bullard, Interim CEO / Chief Operating Officer
    First Fed 105 W. Eight Street
    Port Angeles, WA 98362
    360-565-8556

    The MIL Network –

  • MIL-OSI: Greene County Bancorp, Inc. Reports Record High Net Income of $31.1 Million for the Fiscal Year Ended June 30, 2025, Announces Plans to Expand into Saratoga County

    Source: GlobeNewswire (MIL-OSI)

    CATSKILL, N.Y., July 23, 2025 (GLOBE NEWSWIRE) — Greene County Bancorp, Inc. (the “Company”) (NASDAQ: GCBC), the holding company for the Bank of Greene County and its subsidiary Greene County Commercial Bank, today reported net income for the quarter and fiscal year ended June 30, 2025. Net income for the quarter and fiscal year ended June 30, 2025 was $9.3 million, or $0.55 per basic and diluted share, and $31.1 million, or $1.83 per basic and diluted share, respectively, as compared to $6.7 million, or $0.40 per basic and diluted share, and $24.8 million, or $1.45 per basic and diluted share, for the quarter and fiscal year ended June 30, 2024, respectively. Net income increased $2.6 million, or 38.6%, when comparing the quarters ended June 30, 2025 and 2024, and increased $6.3 million, or 25.7%, when comparing the fiscal years ended June 30, 2025 and 2024.

    Highlights:

    • Net Income: $31.1 million for the fiscal year ended June 30, 2025, a new record high
    • Total Assets: $3.0 billion at June 30, 2025, a new record high
    • Net Loans: $1.6 billion at June 30, 2025, a new record high
    • Total Deposits: $2.6 billion at June 30, 2025
    • Return on Average Assets: 1.10% for the fiscal year ended June 30, 2025
    • Return on Average Equity: 14.08% for the fiscal year ended June 30, 2025

    Donald Gibson, President & CEO, stated: “I am pleased to report record high net income for the fiscal year ended June 30, 2025, marking 16 years of the past 17 years that our Company has achieved record earnings. This sustained performance is a testament to our disciplined business model, strong community partnerships and exceptional execution of our team. As we look ahead, we are excited to announce plans to expand into Saratoga County with our first branch in that market area, expanding our geographic footprint from five to six counties within New York State, and further strengthening our position as the leading economic engine of the communities we serve. Additionally, we are honored to be recognized by the Albany Business Review, first as one of the Capital Regions 11 fastest growing large companies, defined as those with revenue exceeding $100.0 million, and second, on July 17, 2025, we ranked as the number one commercial mortgage lender in New York’s Capital Region for commercial loan volume in 2024. I believe the distinction reflects our financial strength and our long-term commitment to organic growth that benefits customers, communities and shareholders alike.”

    Total consolidated assets for the Company were $3.0 billion at June 30, 2025, primarily consisting of $1.6 billion of net loans and $1.1 billion of total securities available-for-sale and held-to-maturity. Consolidated deposits totaled $2.6 billion at June 30, 2025, consisting of retail, business, municipal and private banking relationships.

    Pre-provision net income was $32.5 million for the year ended June 30, 2025 as compared to $25.5 million for the year ended June 30, 2024, an increase of $7.0 million, or 27.1%. Pre-provision net income measures the Company’s net income less the provision for credit losses. Management believes that this non-GAAP measure assists investors in comprehending the impact of the provision for credit losses on the Company’s reported results, offering an alternative view of the Company’s performance and the Company’s ability to generate income in excess of its provision for credit losses. The Company strategically managed its balance sheet by focusing on higher-yielding loans and securities, and lowering deposit rates to align with the Federal Reserve’s recent interest rate cuts. This resulted in a higher net interest margin for the year ended June 30, 2025 as compared to the year ended June 30, 2024. The Company will continue to monitor the Federal Reserve and interest rates paid on deposits, while maintaining our long-term customer relationships.

    Selected highlights for the quarter and fiscal year ended June 30, 2025 are as follows:

    Net Interest Income and Margin

    • Net interest income increased $3.8 million to $16.7 million for the three months ended June 30, 2025 from $12.9 million for the three months ended June 30, 2024. Net interest income increased $9.1 million to $60.1 million for the year ended June 30, 2025 from $51.0 million for the year ended June 30, 2024. The increase in net interest income was due to an increase in the average balance of interest-earning assets which increased $219.0 million and $170.7 million when comparing the three months and years ended June 30, 2025 and 2024, respectively, an increase in interest rates on interest-earning assets, which increased 16 basis points and 26 basis points when comparing the three months and years ended June 30, 2025 and 2024, respectively, and a decrease of 26 basis points in rates paid on interest-bearing liabilities when comparing the three months ended June 30, 2025 and 2024. The increase in net interest income was offset by increases in the average balance of interest-bearing liabilities, which increased $203.4 million and $168.3 million when comparing the three months and years ended June 30, 2025 and 2024, respectively, and an increase of 4 basis points in rates paid on interest-bearing liabilities when comparing the years ended June 30, 2025 and 2024.

      Average loan balances increased $145.9 million and $96.6 million and the yield on loans increased 18 basis points and 23 basis points when comparing the three months and years ended June 30, 2025 and 2024, respectively. The average balance of securities increased $87.0 million and $79.1 million and the yield on such securities increased 24 basis points and 36 basis points when comparing the three months and years ended June 30, 2025 and 2024, respectively. Average interest-bearing bank balances and federal funds decreased $13.8 million and $5.0 million and the yield on interest-bearing bank balances and federal funds decreased 172 basis points and 36 basis points when comparing the three months and years ended June 30, 2025 and 2024, respectively.

      The cost of NOW deposits decreased 34 basis points and 2 basis points, the cost of certificates of deposit decreased 81 basis points and 21 basis points, and the cost of savings and money market deposits decreased 1 basis point and increased 7 basis points when comparing the three months and years ended June 30, 2025 and 2024, respectively. The growth in interest-bearing liabilities was primarily due to an increase in average NOW deposits of $178.0 million and $135.1 million and an increase in average certificates of deposits of $75.0 million and $62.7 million when comparing the three months and years ended June 30, 2025 and 2024, respectively. This was partially offset by a decrease in average savings and money market deposits of $15.0 million and $22.8 million when comparing the three months and years ended June 30, 2025 and 2024, respectively. Yields on interest-earning assets increased when comparing the three months and years ended June 30, 2025 and 2024 as the Company continued to reprice assets into the higher interest rate environment. During the year ended June 30, 2025, the Company implemented a strategic reduction in deposit rates that aligns with the Federal Reserve’s rate cuts, while providing competitive financial solutions to the Company’s customers that reflect the prevailing economic conditions, while growing new relationships.

    • Net interest rate spread increased 42 basis points to 2.14% for the three months ended June 30, 2025, compared to 1.72% for the three months ended June 30, 2024. Net interest rate spread increased 22 basis points to 1.97% for the year ended June 30, 2025, compared to 1.75% for the year ended June 30, 2024.
      Net interest margin increased 40 basis points to 2.37% for the three months ended June 30, 2025, compared to 1.97% for the three months ended June 30, 2024. Net interest margin increased 21 basis points to 2.19% for the year ended June 30, 2025, compared to 1.98% for the year ended June 30, 2024. The increase in net interest rate spread and margin during the three months and year ended June 30, 2025, was due to increases in interest income on loans and securities, as they continue to reprice at higher yields and the interest rates earned on new balances were higher than the historic low levels from the prior periods.
    • Net interest income on a taxable-equivalent basis includes the additional amount of interest income that would have been earned if the Company’s investment in tax-exempt securities and loans had been subject to federal and New York State income taxes yielding the same after-tax income. Tax equivalent net interest margin was 2.67% and 2.24% for the three months ended June 30, 2025 and 2024, respectively, and was 2.47% and 2.25% for the years ended June 30, 2025 and 2024, respectively.

    Credit Quality and Provision for Credit Losses

    • Provision for credit losses amounted to a benefit of $880,000 and $151,000 for the three months ended June 30, 2025 and 2024, respectively. The benefit for the three months ended June 30, 2025 was primarily attributable to an improvement in the qualitative factors assessments on loans, partially offset by a modest deterioration in the economic forecasts used in the Current Expected Credit Loss models on loans as of June 30, 2025, and growth in securities held-to-maturity that require an allowance. Provision for credit losses amounted to a charge of $1.3 million and $766,000 for the years ended June 30, 2025 and 2024, respectively. The provision for the year ended June 30, 2025, was primarily attributable to growth in gross loans, a modest deterioration in the economic forecasts used in the Current Expected Credit Loss models on loans as of June 30, 2025 and growth in securities held-to-maturity that require an allowance, partially offset by an improvement in the qualitative factors assessments on loans. The allowance for credit losses on loans to total loans receivable was 1.24% at June 30, 2025 compared to 1.28% at June 30, 2024.
    • Loans classified as substandard and special mention totaled $45.4 million at June 30, 2025 and $48.6 million at June 30, 2024, a decrease of $3.2 million. Of the loans classified as substandard or special mention, $42.1 million were performing at June 30, 2025. There were no loans classified as doubtful or loss at June 30, 2025 or June 30, 2024.
    • Net charge-offs on loans amounted to $44,000 and $1.0 million for the three months ended June 30, 2025 and 2024, respectively, a decrease of $956,000. Net charge-offs totaled $349,000 and $1.4 million for years ended June 30, 2025 and 2024, respectively. There were no material charge-offs in any loan segment during the three months and year ended June 30, 2025.
    • Nonperforming loans amounted to $3.1 million at June 30, 2025 and $3.7 million at June 30, 2024. The activity in nonperforming loans during the period included $2.6 million in loan repayments, $128,000 in charge-offs or transfers to foreclosure, $67,000 in loans returning to performing status, and $2.1 million of loans placed into nonperforming status. At June 30, 2025, nonperforming assets were 0.10% of total assets compared to 0.13% at June 30, 2024. At June 30, 2025, nonperforming loans were 0.19% of net loans compared to 0.25% at June 30, 2024.

    Noninterest Income and Noninterest Expense

    • Noninterest income increased $46,000, or 1.2%, to $3.8 million for the three months ended June 30, 2025 compared to $3.7 million for the three months ended June 30, 2024. The increase during the three months ended June 30, 2025 was primarily due to a $128,000 increase in fee income earned on customer interest rate swap contracts. This was partially offset by a $152,000 decrease of investment services income. Noninterest income increased $1.3 million, or 9.5%, to $15.2 million for the year ended June 30, 2025 compared to $13.9 million for the year ended June 30, 2024. The increase during the year ended June 30, 2025 was primarily due to a $610,000 Employee Retention Tax Credit, an increase in fee income earned on customer interest rate swap contracts of $528,000, loan fees of $242,000, service charge account fees of $235,000, and income from bank owned life insurance of $363,000. This was partially offset by a $665,000 loss on sales of securities available-for-sale.
    • Noninterest expense increased $497,000, or 5.0%, to $10.4 million for the three months ended June 30, 2025 compared to $9.9 million for the three months ended June 30, 2024. The increase during the three months ended June 30, 2025 was primarily due to a $204,000 increase in service and data processing fees and a $170,000 increase in computer and software supplies. Noninterest expense increased $2.1 million, or 5.6%, to $39.4 million for the year ended June 30, 2025 as compared to $37.3 million for the year ended June 30, 2024. The increase during the year ended June 30, 2025 was primarily due to an increase of $579,000 in salaries and employee benefit costs, as new positions were created during the period to support the Company’s continued growth, an increase of $544,000 in service and data processing fees, an increase of $796,000 in the allowance for credit losses on unfunded commitments, due to the Company’s increased contractual obligations to extend credit, and an increase of $183,000 in occupancy expenses mostly due to repairs and maintenance on the Company’s buildings. This was partially offset by a decrease of $164,000 in legal and professional fees during the year ended June 30, 2025.

    Income Taxes

    • Provision for income taxes reflects the expected tax associated with the pre-tax income generated for the given period and certain regulatory requirements. The effective tax rate was 14.8% and 10.2% for the three months and year ended June 30, 2025, and 1.4% and 7.6% for the three months and year ended June 30, 2024, respectively. The statutory tax rate is impacted by the benefits derived from tax-exempt bond and loan income, the Company’s real estate investment trust subsidiary income, income received on the bank owned life insurance and tax credits, to arrive at the effective tax rate. The increase during the three months and year ended June 30, 2025 is primarily due to higher pre-tax income and reflects a lower mix of tax-exempt income from municipal bonds, tax advantage loans, and bank owned life insurance in proportion to pre-tax income. Additionally, the Company was able to recognize historic preservation tax credits on the Company’s wealth management center, located at 345 Main Street, in Catskill New York for the year ended June 30, 2024.

    Balance Sheet Summary

    • Total assets of the Company were $3.0 billion at June 30, 2025 and $2.8 billion at June 30, 2024, an increase of $214.8 million, or 7.6%.
    • Total cash and cash equivalents for the Company were $183.1 million at June 30, 2025 and $190.4 million at June 30, 2024. The Company has continued to maintain strong capital and liquidity positions as of June 30, 2025.
    • Securities available-for-sale and held-to-maturity increased $91.9 million, or 8.8%, to $1.1 billion at June 30, 2025 as compared to $1.0 billion at June 30, 2024. Securities purchases totaled $444.2 million during the year ended June 30, 2025, and consisted primarily of $308.5 million of state and political subdivision securities, $88.4 million of mortgage-backed securities, $24.7 million of U.S. Treasury securities, $16.7 million of collateralized mortgage obligations, and $5.9 million of corporate debt securities. Principal pay-downs and maturities during the year ended June 30, 2025 amounted to $353.5 million, primarily consisting of $258.7 million of state and political subdivision securities, $58.0 million of U.S. Treasury securities, $32.7 million of mortgage-backed securities, $2.8 million of collateralized mortgage obligations and $1.3 million of corporate debt securities. Sales during the year ended June 30, 2025 amounted to $6.7 million of U.S. Treasury securities.
    • Net loans receivable increased $127.0 million, or 8.6%, to $1.6 billion at June 30, 2025 as compared to $1.5 billion at June 30, 2024. Loan growth experienced during the year ended June 30, 2025 consisted primarily of $117.9 million in commercial real estate loans, $5.5 million in commercial loans, and $4.9 million in home equity loans.
    • Deposits totaled $2.6 billion at June 30, 2025 and $2.4 billion at June 30, 2024, an increase of $250.6 million, or 10.5%. The Company had $51.6 million and zero brokered deposits at June 30, 2025 and June 30, 2024, respectively. NOW deposits increased $192.6 million, or 10.9%, and certificates of deposits increased $89.7 million, or 64.8%, when comparing June 30, 2025 and June 30, 2024. Noninterest bearing deposits decreased $15.3 million, or 12.2%, money market deposits decreased $10.5 million, or 9.3%, and savings deposits decreased $5.9 million, or 2.3%, when comparing June 30, 2025 and June 30, 2024.
    • Borrowings amounted to $128.1 million at June 30, 2025 compared to $199.1 million at June 30, 2024, a decrease of $71.0 million. At June 30, 2025, borrowings included $74.0 million of overnight borrowings with the Federal Home Loan Bank of New York (“FHLB”), $49.9 million of Fixed-to-Floating Rate Subordinated Notes, and $4.2 million of long-term borrowings with the FHLB.
    • Shareholders’ equity increased to $238.8 million at June 30, 2025 compared to $206.0 million at June 30, 2024, resulting primarily from net income of $31.1 million and a decrease in accumulated other comprehensive loss of $6.2 million, partially offset by dividends declared and paid of $4.5 million.

    Corporate Overview

    Greene County Bancorp, Inc. is the holding company for the Bank of Greene County, and its subsidiary Greene County Commercial Bank. The Company is the leading provider of community-based banking services throughout the Hudson Valley and Capital Region of New York State. Its customers include individuals, businesses, municipalities and other institutions. Greene County Bancorp, Inc. (GCBC) is publicly traded on the Nasdaq Capital Market and is dedicated to promoting economic development and a high quality of life in the communities it serves. For more information on Greene County Bancorp, Inc., visit www.tbogc.com.

    Forward-Looking Statements

    This earnings release contains statements about future events that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by references to a future period or periods or by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “will,” “should,” “could,” “plan,” and other similar terms of expressions. Forward-looking statements should not be relied on because they involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. These risks, uncertainties and other factors may cause the actual results, performance or achievements expressed in, or implied by, the forward-looking statements to differ materially from those contemplated by the forward-looking statements. Factors that may cause such a difference include, but are not limited to, local, regional, national and international general economic conditions, including actual or potential stress in the banking industry, financial and regulatory changes, changes in interest rates, regulatory considerations, competition, technological developments, retention and recruitment of qualified personnel, changes in customer deposit behavior, and market acceptance of the Company’s pricing, products and services.

    The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date made, and advises readers that various factors, including, but not limited to, those described above and other factors discussed in the Company’s annual and quarterly reports previously filed with the Securities and Exchange Commission, could affect the Company’s financial performance and could cause the Company’s actual results or circumstances for future periods to differ materially from those anticipated or projected.

    Unless required by law, the Company does not undertake, and specifically disclaims any obligations to, publicly release any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    For more information, please see our reports filed with the United States Securities and Exchange Commission (“SEC”), including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q.

    Non-GAAP Measures

    In addition to presenting information in conformity with accounting principles generally accepted in the United States of America (GAAP), this news release contains financial information determined by methods other than GAAP (non-GAAP). The following measures used in this release, which are commonly utilized by financial institutions, have not been specifically exempted by the Securities and Exchange Commission (“SEC”) and may constitute “non-GAAP financial measures” within the meaning of the SEC’s rules.

    The Company has provided in this news release supplemental disclosures for the calculation of net interest margin utilizing a fully taxable-equivalent adjustment and pre-provision net income. Management believes that the non-GAAP financial measures disclosed by the Company from time to time are useful in evaluating the Company’s performance and that such information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Our non-GAAP financial measures may differ from similar measures presented by other companies. Refer to the tables on page 9 for Non-GAAP to GAAP reconciliations.

     
    Greene County Bancorp, Inc.
    Consolidated Statements of Income, and Selected Financial Ratios (Unaudited)
                               
      At or for the Three Months   At or for the Years
      Ended June 30,   Ended June 30,
    Dollars in thousands, except share and per share data   2025     2024       2025     2024  
    Interest income $ 30,739   $ 27,328     $ 117,705   $ 103,664  
    Interest expense   14,033     14,471       57,584     52,685  
    Net interest income   16,706     12,857       60,121     50,979  
    Provision for credit losses   (880 )   (151 )     1,316     766  
    Noninterest income   3,765     3,719       15,233     13,908  
    Noninterest expense   10,394     9,897       39,372     37,302  
    Income before taxes   10,957     6,830       34,666     26,819  
    Tax provision   1,624     98       3,528     2,050  
    Net income $ 9,333   $ 6,732     $ 31,138   $ 24,769  
             
    Basic and diluted EPS $ 0.55   $ 0.40     $ 1.83   $ 1.45  
    Weighted average shares outstanding   17,026,828     17,026,828       17,026,828     17,026,828  
    Dividends declared per share (4) $ 0.09   $ 0.08     $ 0.36   $ 0.32  
             
    Selected Financial Ratios        
    Return on average assets(1)   1.28 %   1.00 %     1.10 %   0.93 %
    Return on average equity(1)   15.98 %   13.36 %     14.08 %   12.87 %
    Net interest rate spread(1)   2.14 %   1.72 %     1.97 %   1.75 %
    Net interest margin(1)   2.37 %   1.97 %     2.19 %   1.98 %
    Fully taxable-equivalent net interest margin(2)   2.67 %   2.24 %     2.47 %   2.25 %
    Efficiency ratio(3)   50.77 %   59.71 %     52.25 %   57.49 %
    Non-performing assets to total assets       0.10 %   0.13 %
    Non-performing loans to net loans       0.19 %   0.25 %
    Allowance for credit losses on loans to non-performing loans       658.37 %   516.20 %
    Allowance for credit losses on loans to total loans       1.24 %   1.28 %
    Shareholders’ equity to total assets       7.85 %   7.29 %
    Dividend payout ratio(4)       19.67 %   22.07 %
    Actual dividends paid to net income(5)       14.37 %   13.08 %
    Book value per share     $ 14.03   $ 12.10  
           
    (1) Ratios are annualized when necessary.
    (2) Interest income calculated on a taxable-equivalent basis (non-GAAP) includes the additional interest income that would have been earned if the Company’s investment in tax-exempt securities and loans had been subject to federal and New York State income taxes yielding the same after-tax income.
    (3) The efficiency ratio has been calculated as noninterest expense divided by the sum of net interest income and noninterest income.
    (4) The dividend payout ratio has been calculated based on the dividends declared per share divided by basic earnings per share. No adjustments have been made to account for dividends waived by Greene County Bancorp, MHC (“MHC”), the Company’s majority shareholder, owning 54.1% of the shares outstanding.
    (5) Dividends declared divided by net income. The MHC waived its right to receive dividends declared during the three months ended June 30, 2023, December 31, 2023, March 31, 2024, June 30, 2024, March 31, 2025 and June 30, 2025. Dividends declared during the three months ended September 30, 2023, September 30, 2024, and December 31, 2024 were paid to the MHC.
     
    Greene County Bancorp, Inc.
    Consolidated Statements of Financial Condition (Unaudited)
     
      At
    June 30, 2025    		   At
    June 30, 2024
    Dollars In thousands, except share data      
    Assets      
    Cash and due from banks $ 12,788     $ 13,897  
    Interest-bearing deposits   170,290       176,498  
    Total cash and cash equivalents   183,078       190,395  
           
    Long term certificate of deposit   1,425       2,831  
    Securities available-for-sale, at fair value   356,062       350,001  
    Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $548 and $483 at June 30, 2025 and June 30, 2024   776,147       690,354  
    Equity securities, at fair value   402       328  
    Federal Home Loan Bank stock, at cost   5,504       7,296  
           
    Loans receivable   1,627,406       1,499,473  
    Less: Allowance for credit losses on loans   (20,146 )     (19,244 )
    Net loans receivable   1,607,260       1,480,229  
           
    Premises and equipment, net   15,232       15,606  
    Bank owned life insurance   59,795       57,249  
    Accrued interest receivable   16,381       14,269  
    Prepaid expenses and other assets   19,323       17,230  
    Total assets $ 3,040,609     $ 2,825,788  
           
    Liabilities and shareholders’ equity      
    Noninterest bearing deposits $ 110,163     $ 125,442  
    Interest bearing deposits   2,529,672       2,263,780  
    Total deposits   2,639,835       2,389,222  
           
    Borrowings, short-term   74,000       115,300  
    Borrowings, long-term   4,189       34,156  
    Subordinated notes payable, net   49,867       49,681  
    Accrued expenses and other liabilities   33,881       31,429  
    Total liabilities   2,801,772       2,619,788  
    Total shareholders’ equity   238,837       206,000  
    Total liabilities and shareholders’ equity $ 3,040,609     $ 2,825,788  
    Common shares outstanding   17,026,828       17,026,828  
    Treasury shares   195,852       195,852  
           

    The above information is preliminary and based on the Company’s data available at the time of presentation.

    Non-GAAP to GAAP Reconciliations

    The following table summarizes the adjustments made to arrive at the fully taxable-equivalent net interest margins.

      For the three months ended
    June 30,    		 For the years ended
    June 30,
    (Dollars in thousands)   2025     2024     2025     2024  
    Net interest income (GAAP) $ 16,706   $ 12,857   $ 60,121   $ 50,979  
    Tax-equivalent adjustment(1)   2,130     1,740     7,679     6,791  
    Net interest income-fully taxable-equivalent basis (non-GAAP) $ 18,836   $ 14,597   $ 67,800   $ 57,770  
             
    Average interest-earning assets (GAAP) $ 2,824,952   $ 2,605,966   $ 2,739,472   $ 2,568,756  
    Net interest margin-fully taxable-equivalent basis (non-GAAP)   2.67 %   2.24 %   2.47 %   2.25 %
                             

    (1) Interest income calculated on a taxable-equivalent basis (non-GAAP) includes the additional interest income that would have been earned if the Company’s investment in tax-exempt securities and loans had been subject to federal and New York State income taxes yielding the same after-tax income. The rate used for this adjustment was 21% for federal income taxes for the three and twelve months ended June 30, 2025 and 2024, 4.44% for New York State income taxes for the three and twelve months ended June 30, 2025 and 2024.

    The following table summarizes the adjustments made to arrive at pre-provision net income.

      For the three months ended June 30,
    (Dollars in thousands)   2025     2024  
    Net income (GAAP) $ 9,333   $ 6,732  
    Provision for credit losses   (880 )   (151 )
    Pre-provision net income (non-GAAP) $ 8,453   $ 6,581  
      For the years ended June 30,
    (Dollars in thousands)   2025     2024  
    Net income (GAAP) $ 31,138   $ 24,769  
    Provision for credit losses   1,316     766  
    Pre-provision net income (non-GAAP) $ 32,454   $ 25,535  
                 

    The above information is preliminary and based on the Company’s data available at the time of presentation.

    For Further Information Contact:
    Donald E. Gibson
    President & CEO
    (518) 943-2600
    donaldg@tbogc.com

    Nick Barzee
    SVP & CFO
    (518) 943-2600
    nickb@tbogc.com

     

    The MIL Network –

  • MIL-OSI Submissions: Understanding the violence against Alawites and Druze in Syria after Assad

    Source: The Conversation – USA (3) – By Güneş Murat Tezcür, Professor and Director of the School of Politics and Global Studies, Arizona State University

    Bedouin fighters at Mazraa village on the outskirts of Sweida city, during clashes in southern Syria on July 18, 2025. AP Photo/Ghaith Alsayed

    In July 2025, clashes between the Druze religious minority and Sunni Arabs backed by government-affiliated forces led to hundreds of deaths in Sweida province in southern Syria. Israel later launched dozens of airstrikes in support of the Druze.

    This eruption of violence was an eerie reminder of what had unfolded in March 2025 when supporters of the fallen regime led by Bashar Assad, an Alawite, targeted security units. In retaliation, militias affiliated with the newly formed government in Damascus carried out indiscriminate killings of Alawites.

    While exact figures remain difficult to verify, more than 1,300 individuals, most of them Alawites, lost their lives. In some cases, entire families were summarily executed.

    Although the Syrian government promised an investigation into the atrocities, home invasions, kidnappings of Alawite women and extrajudicial executions of Alawite men continue.

    The violence in Sweida also bore a sectarian dimension, pitting members of a religious minority against armed groups aligned with the country’s Sunni majority.

    A key difference, however, involved the active Israeli support for the Druze and the U.S. efforts to broker a ceasefire.

    Post-Assad Syria has seen promising developments, including the lifting of international sanctions, a resurgence of civil society and the end of diplomatic isolation. There was even a limited rapprochement with the main Kurdish political party controlling northeastern Syria.

    The persistent violence targeting the Alawites and, to a more limited extent, the Druze, starkly contrasts with these trends. As a scholar of religious minorities and the Middle East, I argue that the current political situation reflects their historical persecution and marginalization.

    History of the Alawites

    The Alawites emerged as a distinct religious community in the 10th century in the region of the Latakia coastal mountains, which today make up northwestern Syria.

    Although their beliefs have some commonalities with Shiite Islam, the Alawites maintain their own unique religious leadership and rituals. Under the Ottoman regime in the late 19th century, they benefited from reforms such as the expansion of educational opportunities and economic modernization, while gaining geographical and social mobility.

    After Hafez Assad, the father of Bashar, came to power in a coup in 1970, he drew upon his Alawite base to reinforce his regime. Consequently, Alawites became disproportionately represented in the officer corps and intelligence services.

    Prior to the civil war, which began in 2011, their population was estimated at around 2 million, constituting roughly 10% of Syria’s population. During the civil war, Alawite young men fighting for the regime suffered heavy casualties. However, most Alawites remained in Syria, while Sunni Arabs and Kurds were disproportionately displaced or became refugees.

    Members of the Alawite minority gather outside the Russian air base in Hmeimim, near Latakia in Syria’s coastal region, on March 11, 2025, as they seek refuge there after violence and retaliatory killings in the area.
    AP Photo/Omar Albam

    Among Syria’s minorities, two key factors make the Alawites most vulnerable to mass violence in post-Assad Syria. The first factor is that, like the Druze, Alawites have their own distinct beliefs that deviate from Sunni Islam. Their religious practices and teachings are often described as “esoteric” and remain mostly inaccessible to outsiders.

    In my 2024 book “Liminal Minorities: Religious Difference and Mass Violence in Muslim Societies,” I categorize the Alawites and Druze in Syria alongside Yezidis in Iraq, Alevis in Turkey and Baha’is in Iran as “liminal minorities” – religious groups subject to deep-seated stigmas transmitted across generations.

    These groups are often treated as heretics who split from Islam and whose beliefs and rituals are deemed beyond the pale of acceptance. For instance, according to Alawite beliefs, Ali, the son-in-law of Prophet Muhammad, is a divine manifestation of God, which challenges the idea of strict monotheism central to Sunni Islam.

    From the perspective of Sunni orthodoxy, these groups’ beliefs have been a source of suspicion and disdain. A series of fatwas by prominent Sunni clerics from the 14th to the 19th century declared Alawites heretics.

    Resentment against the Alawites

    The second factor contributing to the Alawites’ vulnerability is the widespread perception that they were the main beneficiaries of the Assad regime, which engaged in mass murder against its own citizens. Although power remained narrowly concentrated under Assad, many Alawites occupied key positions in the security apparatus as well as the government.

    In today’s political landscape where the central government remains weak and its control over various armed groups is limited, religious stigmatization and political resentment create fertile ground for mass violence targeting the Alawites.

    The massacres of March 2025 were accompanied by sectarian hate speech, including open calls for the extermination of the Alawites, both in the streets and on social media.

    While many Sunni Muslims in Syria also perceive the Druze as heretics, they maintained a greater degree of distance from the Assad regime and were less integrated into its security apparatus.

    Nonetheless, in recent months the situation deteriorated rapidly in the Druze heartland. The Druze militias and local Bedouin tribes engaged in heavy fighting in July 2025. Unlike the Alawites, the Druze received direct military assistance from Israel, which has its small but influential Druze population. This further complicates peaceful coexistence among religious groups in post-Assad Syria.

    A sober future

    Sunni Arab identity is central to the newly formed government in Damascus, which can come at the expense of religious and ethnic pluralism. However, it has incentives to rein in arbitrary violence against the Alawites and Druze. Projecting itself as a source of order and national unity helps the government internationally, both diplomatically and economically.

    Internally, however, the new government remains fractured and lacks effective control over vast swaths of territory. While it pays lip service to transitional justice, it is also cautious about being perceived as overly lenient toward individuals associated with the Assad regime and its crimes. Meanwhile, Alawite and Druze demands for regional autonomy continue to stoke popular Sunni resentments and risk triggering further cycles of instability and violence.

    I believe that in a post-Assad Syria defined by fractured governance and episodic retribution, the Alawites as well as Druze are likely to face deepening marginalization.

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

    – ref. Understanding the violence against Alawites and Druze in Syria after Assad – https://theconversation.com/understanding-the-violence-against-alawites-and-druze-in-syria-after-assad-255292

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  • MIL-OSI Africa: Ambassador Gao Wenqi visits Early Childhood Development (ECD) center with United Nations Children’s Fund (UNICEF) country representative to Rwanda

    Source: APO

    On July 22, Ambassador Gao Wenqi, along with Ms. Lieke van de Wiel, UNICEF country Representative to Rwanda, visited the cross-border Early Childhood Development center in Burera District, Northern Province. They were warmly received by District Mayor MUKAMANA Soline and briefed by the ADEPE team and young parents on how the project has helped and empowered local children and families. The field trip also featured lively interactions with the kids.

    Ambassador GAO noted that as a signature tripartite cooperation project between China, UNICEF and Rwanda, the ECD project in Rwanda has made positive contributions to improving children nutrition and health, empowering education for young generations, and promoting Rwanda’s national strategic transformation. China will continue to work with UN agencies and the Rwandan government to support the country’s socio-economic development with more and more early harvest.

    The cooperation with the Chinese government has effectively enhanced local children’s well-being and promoted Rwanda’s sustainable development, the UNICEF Representative to Rwanda said. She expressed willingness to strengthen cooperation with the Embassy in the near future.

    The Early Childhood Development project is funded by the Chinese government through the Global Development and South-South Cooperation Fund and implemented by UNICEF Rwanda. It has been carried out across six districts in three provinces of the country since March 2025.

    Distributed by APO Group on behalf of Embassy of the People’s Republic of China in the Republic of Rwanda.

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  • MIL-OSI Africa: Minister of State at Ministry of Foreign Meets State Minister for Foreign Affairs and International Cooperation of Somalia

    Source: APO


    .

    HE Minister of State at the Ministry of Foreign Affairs Dr. Mohammed bin Abdulaziz bin Saleh Al Khulaifi met on Wednesday with HE State Minister for Foreign Affairs and International Cooperation of the Federal Republic of Somalia Ali Mohamed Omar, who is currently visiting the country.

    During the meeting, they reviewed cooperation relations between the two countries and ways to support and enhance them. They also discussed the latest developments in Somalia, in addition to several issues of mutual interest.

    HE the Minister of State at the Ministry of Foreign reaffirmed the State of Qatar support for efforts aimed at promoting security and stability in Somalia, and achieving development and prosperity for its people.

    Distributed by APO Group on behalf of Ministry of Foreign Affairs of The State of Qatar.

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  • MIL-OSI Africa: Kenya: Amb. Guo Haiyan Visits Local Industrial Park

    Source: APO

    On July 22, H.E. Amb. Guo Haiyan visited Tatu City Special Economic Zone (SEZ) in Kiambu County and held discussions with Tatu City Executives and the representatives of Chinese companies invested in the SEZ. Minister Counselor Zhou Zhencheng was present.

    Amb. Guo said that the partnership initiative for industrial chain cooperation is an important part of the ten partnership initiatives of the 2024 FOCAC Beijing Summit. She hoped that Chinese companies deepen the cooperation with Kenyan companies in industrial and supply chain, enhance China-Africa as well as China-Kenya interconnected industrial development, strengthen technology transfer and local employee training, and support Kenya’s industrialization.

    Distributed by APO Group on behalf of Embassy of the People’s Republic of China in the Republic of Kenya.

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  • MIL-OSI Africa: Affluenz Magazine Unveils Commemorative Issue Spotlighting United Arab Emirates (UAE) Founding Father Sheikh Zayed, Noura Al Kaabi, and African Visionary Elvis Sepenya

    Source: APO

    Affluenz Magazine (www.Affluenz.com), International’s leading global luxury, leadership, and impact publication, has officially released its much-anticipated July/August 2025 issue — a special edition commemorating the 20th anniversary of the passing of His Highness Sheikh Zayed bin Sultan Al Nahyan, the Founding Father of the United Arab Emirates.

    This commemorative edition features a powerful trio of cover stories — spotlighting the enduring legacy of Sheikh Zayed, the cultural diplomacy of UAE’s Minister of State, Noura bint Mohammed Al Kaabi, and the entrepreneurial excellence of Elvis Sepenya, CEO of Skywise Group, one of Africa’s most innovative investment firms.

    This historic issue celebrates Sheikh Zayed’s vision of unity, progress, and inclusion — a legacy that continues to define the modern UAE. Affluenz Magazine delves into his leadership, values, and role in positioning the Emirates as a hub of diplomacy, innovation, and tolerance.

    Also on the cover is Noura Al Kaabi, a global advocate for cultural dialogue and creative economies. In her exclusive interview, she discusses the UAE’s mission to foster global cultural exchange and its investment in youth empowerment across the Arab world and Africa.

    Rounding out the trio is Elvis Sepenya, the young African magnate who has risen to prominence through Skywise Group’s diversified holdings in aviation, real estate, and tech. His story of resilience, reinvention, and corporate leadership offers inspiration for a new generation of African entrepreneurs.

    Beyond the covers, the issue features in-depth profiles on several influential leaders and institutions across Africa and the Middle East — from oil and gas executives and royalty to social innovators and philanthropists — all of whom are making measurable impact in their sectors and communities.

    Beyond its striking covers, the July/August 2025 edition of Affluenz Magazine delivers an enriching array of exclusive features and compelling interviews that spotlight transformative figures shaping Africa and the global stage.

    Among the celebrated personalities is Ameera Abraham, the trailblazing founder of The Nail Bar, who shares her journey in redefining luxury wellness and empowering a new wave of African beautypreneurs. Equally inspiring is Tonya Lawani, the formidable force behind SEAL Group, whose strategic leadership continues to drive innovation and empowerment across industries.

    Linda Turner, founder of Linda Hope Initiatives and CEO of Jat Holdings, exemplifies the powerful blend of business acumen and humanitarian spirit. With ventures spanning real estate, fashion, interior design, and hospitality, she personifies resilience and compassion, balancing her roles as a mother, wife, entrepreneur, and advocate—all grounded in her unwavering commitment to uplifting lives.

    Adunni Rinwa emerges as a beacon of integrity and innovation in Nigeria’s real estate sector. As founder and CEO of Rinwa Realty, she has revolutionized property investment and homeownership, raising the bar for transparency and delivery in the industry.

    The issue also features Hassan Imam, Managing Director of Keystone Bank, recognized for his strategic role in redefining digital banking and financial inclusion in Nigeria. From the UAE, Hussain Abdulrahman Khansaheb is profiled for his contributions to sustainable urban development and visionary leadership in construction and infrastructure.

    Adding to the intellectual gravitas of the edition is Peace Hyde, celebrated media entrepreneur, educator, and founder of Aim Higher Africa. Her voice continues to inspire a generation to dream big and build boldly.

    Together, these stories reflect the essence of Affluenz Magazine: a publication committed to elevating Africa’s voices, capturing legacies in the making, and connecting excellence across continents.

    Founded in 2011 as Pleasures Magazine and rebranded as Affluenz Magazine in 2024, the publication has evolved into a world-class platform that highlights African and Middle Eastern excellence, entrepreneurship, and culture. With editorial offices in Abuja, Dubai,Riyadh Accra, Washington DC and London, the magazine reaches readers in over 103 countries and maintains syndication through platforms like Yahoo Finance, Business Insider, and Washington Times.

    Speaking about the new edition, Executive Publisher Adedotun Olaoluwa remarked:

    “This special issue is not just a tribute to Sheikh Zayed, but a celebration of global visionaries — individuals building bridges across continents. Affluenz continues to be a vessel for celebrating our shared humanity and transformative leadership from Africa to the Middle East.”

    The July/August 2025 issue is now available in digital and print formats across select global outlets, including Barnes & Noble (US), WHSmith (UK), and Virgin Megastore (UAE), as well as through Affluenz’s official website: www.Affluenz.com and Selar (https://apo-opa.co/4f7wBiA).

    Distributed by APO Group on behalf of The Affluenz (formerly Pleasures Magazine).

    Contact:
    Dotmount Communications
    Email: info@affluenz.com
    Instagram: @ affluenzmag
    Phone: +234 816 090 6918
    https://apo-opa.co/4f7wBiA

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  • MIL-OSI Security: Mexican national sentenced to over 11 years for importing nearly $8 million in methamphetamine

    Source: Office of United States Attorneys

    McALLEN, Texas – A 26-year-old resident of Camargo, Mexico, has been sentenced to federal prison for importing more than 100 kilograms of methamphetamine, announced U.S. Attorney Nicholas J. Ganjei.

    Cesar Alejandro Saavedra-Garcia pleaded guilty Feb. 28.

    Chief U.S. District Judge Randy Crane has now ordered Saavedra to serve 135 months in federal prison to be immediately followed by three years of supervised release. At the hearing, the court heard additional evidence that Saavedra-Garcia played an integral role in smuggling illegal narcotics into the United States. In handing down the sentence, the court noted the large amount of meth found in Saavedra-Garcia’s vehicle and the fact that he had admitted to transporting narcotics previously. 

    On Dec. 17, 2024, Saavedra-Garcia arrived at the Sarita Border Patrol Checkpoint and claimed he had no illegal drugs in his vehicle. 

    However, at secondary inspection, a K-9 alerted to the odor of narcotics. A subsequent search revealed 112 bricks of methamphetamine hidden in compartments near the vehicle’s cargo bed. 

    The drugs weighed approximately 109 kilograms and had an estimated street value of nearly $7.7 million. 

    At the time of his plea, Saavedra-Garcia admitted he knew he was smuggling narcotics into the United States. 

    Saavedra-Garcia will remain in custody pending transfer to a Federal Bureau of Prisons facility to be determined in the near future.

    Customs and Border Protection and Immigration and Customs Enforcement-Homeland Security Investigations conducted the investigation. Assistant U.S. Attorneys Theodore Parran and Avery Benitez prosecuted the case.

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  • MIL-OSI Security: California man gets maximum sentence for laundering proceeds from email fraud scheme

    Source: Office of United States Attorneys

    HOUSTON – A San Fernando, California, man has been ordered to federal prison for operating an illegal money transmitting business, announced U.S. Attorney Nicholas J. Ganjei.

    Victor Rubio Jr. 28, pleaded guilty Feb. 6.

    U.S. District Judge George Hanks has now ordered Rubio to serve the maximum 60 months in federal prison to be immediately followed by three years of supervised release. At the hearing, the court considered additional evidence about other frauds Rubio committed while on bond in imposing the sentencing, assessing extra points for obstruction of justice. In handing down the sentence, Judge Hanks noted Rubio had committed obstruction after writing his letter to the judge asking for leniency and apologizing for his first crime. 

    Rubio admitted that from 2021 to 2022, he operated an unlicensed money transmitting business that received and transmitted funds from a business email compromise (BEC) scheme. Rubio ran the unlicensed money transmitting business by using shell companies that existed only on paper.

    As part of the plea, Rubio acknowledged opening and maintaining bank accounts to collect money from at least two victims in a BEC scheme, including a healthcare liability insurance company headquartered in Georgia and a township in New Jersey. Then, for a fee, he transmitted the fraud proceeds to co-conspirators.

    In response to fraudulent wire instructions from spoofed email accounts, victims sent interstate wire transfers for payment to Rubio instead of to the true creditors to whom the victims owed money.

    More than 45 people in multiple states, including Rubio and seven others in the Southern District of Texas, have been charged in separate business email compromise schemes that affected numerous victims.

    Previously released on bond, Rubio was taken into custody where he will remain pending transfer to a Federal Bureau of Prisons facility to be determined in the near future.

    The FBI – Bryan Resident Agency and IRS Criminal Investigation conducted the investigation. Assistant U.S. Attorney Belinda Beek is prosecuting the case.

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  • MIL-OSI Security: Laredo man with prior murder conviction sentenced to 30 years for smuggling methamphetamine

    Source: Office of United States Attorneys

    LAREDO, Texas – A 31-year-old resident of Laredo has been sentenced for illegally importing over 836 kilograms of methamphetamine into the country, announced U.S. Attorney Nicholas J. Ganjei.

    Cornelio Aguilar pleaded guilty July 9, 2024.

    U.S. District Judge Keith Ellison ordered him to serve the 30-year sentence to be immediately followed by five years of supervised release. At the hearing, the court heard about Aguilar’s violent criminal history, including prior convictions for murder and aggravated assault with a deadly weapon. In imposing the sentence, Judge Ellison noted that this was a serious offense.

    The investigation revealed Aguilar imported two loads of methamphetamine into the United States using tractor trailers between January and June 2022. Hidden inside the bags of charcoal he was hauling were bundles of methamphetamine. 

    Aguilar has been and will remain in custody pending transfer to a Federal Bureau of Prisons facility in the near future.

    Immigration and Customs Enforcement – Homeland Security Investigations conducted the Organized Crime Drug Enforcement Task Forces (OCDETF) operation with the assistance of Customs and Border Protection.

    Assistant U.S. Attorney Steven Chamberlin prosecuted the case.

    OCDETF identifies, disrupts and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found on the Department of Justice’s OCDETF webpage.

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  • MIL-OSI Security: Illegal alien pleads guilty to leading smuggling organization involving transportation of over 100 persons

    Source: Office of United States Attorneys

    CORPUS CHRISTI, Texas – A 40-year-old Mexican national who illegally resided in Houston has admitted to an alien smuggling conspiracy and illegal reentry into the country, announced U.S. Attorney Nicholas J. Ganjei.

    The investigation revealed Edgar Ruiz-Briones arranged transportation and coordinating trips for illegal aliens coming over the southern border with Mexico. Ruiz-Briones was the leader of the smuggling organization, recruiting drivers from as far away as Kansas to come to the Rio Grande Valley.

    Drivers would communicate directly with Ruiz-Briones to set up the trips, give updates on progress and set meeting spots for drop-offs in Houston after successful smuggling operations. They would pick up illegal aliens from different stash houses and transport them to Houston, where they met with Ruiz-Briones before going further into the United States. 

    Ruiz-Briones handled payments from the aliens to come into the United States and payments to the drivers he recruited. 

    Over the course of the 18-month conspiracy, Ruiz-Briones arranged for over 100 aliens to enter, remain and be transported further into the United States.

    An illegal alien himself, having been removed from the United States on multiple occasions, he also pleaded guilty to illegally reentering the United States from Mexico and remaining here in violation of the law.

    U.S. District Judge Nelva Gonzales Ramos will impose sentencing Oct. 30. At that time. Ruiz-Briones faces up to 10 years in federal prison for the alien smuggling conspiracy and 20 years for illegally re-entering the United States.

    Ruiz-Briones has been and will remain in custody pending sentencing.

    Immigration and Customs Enforcement – Homeland Security Investigations conducted the investigation with the assistance of Border Patrol.

    Assistant U.S. Attorney Joseph Griffith is prosecuting the case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces and Project Safe Neighborhood.

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  • MIL-OSI Security: New York Man Charged For Making And Attempting To Use Improvised Explosive Devices In Manhattan

    Source: Office of United States Attorneys

    United States Attorney for the Southern District of New York, Jay Clayton; Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), Christopher G. Raia; and Commissioner of the New York City Police Department (“NYPD”), Jessica S. Tisch, announced today charges against MICHAEL GANN alleging that he manufactured at least seven improvised explosive devices (“IEDs”) using precursor chemicals—chemicals that can be combined to create an explosive mixture—that he had ordered on the internet, stored at least five IEDs and shotgun shells on adjoining rooftops of residential apartment buildings in the SoHo neighborhood of Manhattan, threw at least one IED onto the subway tracks of the Williamsburg Bridge, and subsequently lied to law enforcement about having disposed of his explosives and supplies in a dumpster.  This case has been assigned to U.S. District Judge Dale E. Ho.

    “The safety of New Yorkers is paramount,” said U.S. Attorney Jay Clayton.  “As alleged, Michael Gann built explosive devices, stored them on a rooftop in SoHo, and threw one onto the subway tracks—putting countless lives at risk.  Thanks to swift work by our law enforcement partners, no one was harmed.  That vigilance assuredly prevented a tragedy in New York.”

    “Michael Gann allegedly produced multiple improvised explosive devices intended for use in Manhattan,” said FBI Assistant Director in Charge Christopher G. Raia.  “Due to the successful partnership of law enforcement agencies in New York, Gann was swiftly brought to justice before he could harm innocent civilians shortly after his dangerous actions became known.  The FBI’s Joint Terrorism Task Force is enduring in its commitment and determination to protect the homeland.”

    “This defendant allegedly stockpiled homemade explosives and traveled to New York City with these deadly devices,” said NYPD Commissioner Jessica S. Tisch.  “He threw one of these devices onto an active subway track and stored others on the rooftop of a residential building, but because of the skilled investigative work and swift response from the NYPD and our partners, we were able to intervene before he caused any harm.  I am grateful to the members of the NYPD, FBI, and the U.S. Attorney’s Office for all the work they do every day to keep New Yorkers safe.”

    As alleged in the Complaint, Indictment, and public court filings:[1]

    In or about May 2025, GANN ordered approximately two pounds of potassium perchlorate and approximately one pound of aluminum powder—precursor chemicals—online, along with over 200 cardboard tubes and over 50-feet worth of fuses.  In or about early June 2025, GANN received his packages containing the precursor chemicals and other supplies, mixed the precursor chemicals together, applied a flame to the mixture, and caused an explosion.  GANN subsequently assembled at least seven IEDs using the precursor chemicals, cardboard tubes, and fuses.

    GANN stored the precursor chemicals and at least five IEDs, pictured below, on the rooftops of residential apartment buildings in SoHo.  The pictured black device contained approximately 30 grams of explosive powder—approximately 600 times the legal limit for consumer fireworks.

    GANN also stored at least four shotgun shells on the same rooftops, which he intended to combine with one or more of the IEDs.

    GANN threw a sixth IED onto the subway tracks on the Williamsburg Bridge, as pictured below.

    On or about June 5, 2025, law enforcement agents arrested GANN in SoHo, incident to which they recovered a seventh IED from GANN’s person.  Following GANN’s arrest, GANN falsely told law enforcement, in substance and in part, that he had disposed of the precursor chemicals and the shotgun shells in a dumpster in Manhattan.

    In or about May and June 2025, GANN conducted internet searches related to explosives and firearms, including: “will i pass a background check,” “gun background check test,” “can i buy a gun in any state without ffl [federal firearms license],” “3D gun printing,” “gun stores,” “clorine bomb,” “how to make flash powder from household items,” “what to mix with potassium perchlorate to make flash powder,” “alluminum powder,” “black powder nearby,” “quarter stick m1000 firecracker,” “1/2 stick dynamite,” and “rechargeable nail gun to shoot into steal.”

    On or about June 5, 2025, just hours before GANN was arrested with an IED on his person, GANN posted to Instagram, “Who wants me to go out to play like no tomorrow?”

    *               *                *

    GANN, 55, of Inwood, New York, is charged with one count of attempted destruction of property by means of explosives, which carries a mandatory minimum of five years in prison and a maximum sentence of 20 years in prison; one count of transportation of explosive materials, which carries a maximum sentence of 10 years in prison; and one count of unlawful possession of destructive devices, which also carries a maximum sentence of 10 years in prison.

    The minimum and maximum potential sentences are prescribed by Congress and provided here for informational purposes only, as any sentencing of the defendant will be determined by a judge.

    Mr. Clayton praised the outstanding efforts of the New York Joint Terrorism Task Force of the FBI, which consists of investigators and analysts from the FBI, NYPD, and over 50 other federal, state, and local agencies; the Bureau of Alcohol, Tobacco, Firearms and Explosives; the Nassau County Police Department; and the New York Metropolitan Transportation Authority.

    This case is being handled by the Office’s National Security and International Narcotics Unit.  Assistant U.S. Attorneys Jonathan L. Bodansky, Michael D. Lockard, and Chelsea L. Scism, and Special Assistant U.S. Attorney Julie Isaacson, are in charge of the prosecution.

    [1] As the introductory phrase signifies, the entirety of the charging instruments and other public filings to date constitute only allegations, and every fact described herein should be treated as an allegation.

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  • MIL-OSI Security: Three Syracuse Men Plead Guilty to Possessing and Selling Firearms

    Source: Office of United States Attorneys

    UTICA, NEW YORK –Erik Burch, age 30, Khalid Richardson, age 30, and Lamar Stanford, age 33, each of Syracuse, have each pled guilty for their respective roles in a firearms trafficking operation. Burch pled guilty last week to the unlawful sale of a firearm to a prohibited person; Richardson pled guilty to possession of a firearm by a prohibited person on June 4, 2025; and Stanford pled guilty to possession of a firearm by a prohibited person on April 30, 2025. Acting United States Attorney John A. Sarcone III and Bryan Miller, Special Agent in Charge of the New York Field Division of the United States Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), made the announcement.

    Richardson admitted that he sold firearms to an individual whom he knew to be a felon on four separate occasions in 2022. He further admitted that he obtained firearms on two of those occasions from his co-defendants, Stanford and Burch. Stanford and Burch each admitted to possessing firearms on the dates of the firearm sales that they engaged in with Richardson. Stanford and Burch were each prohibited from possessing firearms based on prior felony convictions.

    Acting United States Attorney John Sarcone stated, “If you sell firearms to felons, be ready to spend a long time in federal prison. We will not tolerate felons buying, selling, or possessing firearms in the Northern District of New York. We will use all of the tools at our disposal to make sure these people are prosecuted to the fullest extent of the law.”

    ATF Special Agent in Charge Bryan Miller stated: “This case underscores the serious threat that illegal firearms trafficking pose to our communities. These defendants — including two convicted felons — were involved in trafficking firearms, a crime that puts lives at risk and undermines the safety of our communities. Thanks to the diligent work of ATF NY Syracuse, in coordination with the Syracuse Police Department and the U.S. Attorney’s Office for the Northern District of New York, we were able to disrupt this operation and hold these individuals accountable. We remain committed to working alongside our law enforcement partners to stem schemes that fuel violent crime.”

    The charges filed against Burch, Richardson, and Stanford carry a maximum term of 15 years in prison, a maximum fine of $250,000, and a term of supervised release of up to 3 years. A defendant’s sentence is imposed by a judge based on the particular statutes the defendant is convicted of violating, the U.S. Sentencing Guidelines, and other factors. Burch is scheduled to be sentenced on November 12, 2025; Richardson is scheduled to be sentenced on October 15, 2025; and Stanford is scheduled to be sentenced on August 27, 2025.  The defendants will appear for sentencing before Senior United States District Judge David N. Hurd.

    ATF investigated the case with assistance from the Syracuse Police Department’s Intelligence Unit. Assistant U.S. Attorney Jessica N. Carbone is prosecuting the case as part of Project Safe Neighborhoods.

    Project Safe Neighborhoods (PSN) is the centerpiece of the Department of Justice’s violent crime reduction efforts.  PSN is an evidence-based program proven to be effective at reducing violent crime.  Through PSN, a broad spectrum of stakeholders work together to identify the most pressing violent crime problems in the community and develop comprehensive solutions to address them.  As part of this strategy, PSN focuses enforcement efforts on the most violent offenders and partners with locally based prevention and reentry programs for lasting reductions in crime. For more information about Project Safe Neighborhoods, please visit https://www.justice.gov/psn.

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  • MIL-OSI Security: DRUG TRAFFICKER SENTENCED TO 120 MONTHS’ IMPRISONMENT FOR ROLE IN DRUG TRAFFICKING GANG

    Source: Office of United States Attorneys

    St. Thomas, VI – Acting United States Attorney Adam F. Sleeper announced today that on
    Tuesday, July 22, 2025, Kai James, 37, of St. Croix, was sentenced to 10 years in prison and six years
    of supervised release by District Judge Mark A. Kearney. He pleaded guilty on January 23, 2025, to
    conspiracy to possess with intent to distribute cocaine and marijuana for his role in a drug trafficking
    conspiracy led by James and his brother, Ivan James. Other members in the James gang, Ivan James,
    Joh Williams, Malachi Benjamin, Ariel Petersen, Jahkiebo Joseph, Tillisa Ceaser, and Luis Ortiz, Jr.,
    all of St. Croix, were previously sentenced by Judge Kearney for their roles in the drug trafficking
    conspiracy.
    According to court documents and evidence introduced at the trial of Ivan James and Joh
    Williams and other hearings, the investigation into the James drug trafficking organization began in
    January 2013 after Bureau of Corrections officers at the Golden Grove Correctional Facility seized
    an iPhone from then-inmate Joh Williams. A search of the cell phone seized from Williams revealed
    text messages related to smuggling and distribution of controlled substances in the prison. Thereafter,
    Drug Enforcement Administration obtained authorization to intercept calls from a second cell phone
    used by Williams while incarcerated. The wire investigation revealed evidence of distribution of
    controlled substances within the facility by Williams, supplied by Ivan James. The investigation
    further revealed that Vivian Ford, a former corrections officer, was a member of James’ organization
    who smuggled narcotics into Golden Grove in food containers for distribution by Williams.
    Members of the gang who worked at the Henry Rohlsen Airport in St. Croix used their
    secured access to smuggle multiple kilograms of cocaine per week onboard commercial aircrafts
    destined for the continental United States. Testimony revealed that Ivan and Kai James recruited
    couriers to deliver bricks of cocaine as passengers on board commercial flights. As a
    manager/supervisor in the drug trafficking gang, Kai James used as many as 10 couriers to travel to
    New York, North Carolina, and Florida with 2 to 3 kilograms of cocaine per trip in this broad and
    brazen drug trafficking operation.
    In addition, a search warrant was executed on the family home of Ivan and Kai James. Law
    enforcement recovered marijuana, cocaine, and marijuana cultivation equipment. In a field adjacent
    to the property, agents seized over 1,000 marijuana plants.
    A federal jury found Ivan James guilty on drug conspiracy, possession of 1,000 marijuana
    plants, possession of firearms in furtherance of a drug conspiracy and possession of firearms resulting
    in the death of Levar Pogson. On his conviction, Judge Kearney sentenced James to 420 months of
    imprisonment, followed by five years of supervised release. Joh Williams was also found guilty on
    the drug conspiracy charge and was sentenced to 90 months of imprisonment, followed by seven
    years of supervised release. Ariel Petersen and Jahkiebo Joseph pleaded guilty to possession of
    firearms in furtherance of a drug conspiracy and importation of firearms. Petersen was sentenced to
    93 months of imprisonment, followed by three years of supervised release, and Joseph was sentenced
    to 68 months of imprisonment, followed by three years of supervised release. Malachi Benjamin
    pleaded guilty to possession of a firearm in furtherance of a drug conspiracy and was sentenced to 72
    months of imprisonment, followed by three years of supervised release. Tillisa Ceaser and Luis Ortiz,
    Jr. both pleaded guilty to drug conspiracy. Ceaser was sentenced to 62 months of imprisonment, and
    Ortiz was sentenced to 60 months of imprisonment.
    “Due to the tremendous work of the Drug Enforcement Administration, Homeland Security
    Investigations, Customs and Border Patrol, the Virgin Islands Police Department and the Bureau of
    Corrections, the members of this drug trafficking organization have received just and lengthy
    sentences for their involvement in these crimes,” said Acting United States Attorney Adam Sleeper.
    “This sentence sends a clear message, and it is credited to the extensive collaboration between
    federal and local law enforcement partners. Our joint efforts are essential in the U.S. Virgin Islands
    towards combatting drug trafficking, weapons trafficking, and the myriads of other illicit activities of
    transnational criminal organizations in our area of responsibility,” said Homeland Security
    Investigations Special Agent in Charge Rebecca Gonzalez-Ramos.
    “The guilty plea of Kai James represents a decisive blow against the violent narcotics
    conspiracy that plagued the people of St. Croix for far too long,” stated DEA Caribbean Division
    Special Agent in Charge Michael A. Miranda. “This case underscores the unwavering commitment
    of the DEA and our law enforcement partners to dismantle criminal organizations that threaten the
    safety and well-being of our communities. We are proud to have worked alongside the USAO, HSI,
    FBI, CBP, and ATF to bring justice to those impacted by these crimes. Let this serve as a clear
    message: we will not relent in our fight to protect the Caribbean from the scourge of drug trafficking
    and violence.”
    This prosecution is part of an Organized Crime Drug Enforcement Task Forces (OCDETF)
    investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money
    launderers, gangs, and transnational criminal organizations that threaten the United States by using a
    prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal,
    state, and local law enforcement agencies against criminal networks.
    This case was investigated by the Drug Enforcement Administration, Homeland Security
    Investigations, Customs and Border Patrol, Virgin Islands Police Department and the Bureau of
    Corrections. It was prosecuted by former United States Attorney Delia Smith, Acting Assistant United
    States Attorney Adam Sleeper, and lead OCDETF attorney Kyle Payne.

    MIL Security OSI –

  • MIL-OSI Security: Keokuk Men Sentenced to 240 Months in Federal Prison for Conspiracy to Distribute 50 Grams or More of Methamphetamine

    Source: Office of United States Attorneys

    DAVENPORT, Iowa – Two Keokuk men were sentenced to federal prison for Conspiracy to Distribute 50 Grams or More of Methamphetamine.

    According to public court documents and evidence presented at trial, between at least April and July 2024, Ronald Dickey Mason, 75, and Ronald Kieth Mason, 43, father and son, conspired to sell large amounts of methamphetamine in Keokuk, Burlington, Riverside, Des Moines, and Cedar Rapids. In July 2024, law enforcement located 28 pounds of methamphetamine in the trunk and a pistol in the center console of Ronald Dickey Mason’s car.

    In February of 2025 Ronald Kieth Mason plead guilty as charged and Ronald Dickey Mason plead guilty to conspiracy and possession with intent to distribute methamphetamine. In March 2025, a jury convicted Ronald Dickey Mason of carrying a firearm during and in relation to a drug trafficking crime. On July 22, 2025, the Court sentenced him to 22 years in federal prison, followed by a five-year term of supervised release.

    Ronald Keith Mason was sentenced on June 25, 2025, to 20 years in federal prison, followed by a five-year term of supervised release. There is no parole in the federal system.

    United States Attorney Richard D. Westphal of the Southern District of Iowa made the announcement. This case was investigated by Lee County Narcotics Task Force, the Iowa Department of Public Safety’s Division of Narcotics Enforcement, Lee County Sheriff’s Office, and the Keokuk Police Department.

    MIL Security OSI –

  • MIL-OSI Security: Puerto Rican Man Sentenced to 137 Months in Prison for Cocaine Smuggling

    Source: Office of United States Attorneys

    ST. THOMAS – Acting U.S. Attorney Adan F. Sleeper announced today that Brian Santiago
    Gonzalez, 25, of Puerto Rico, was sentenced on July 1, 2025, by Chief District Judge Robert A.
    Molloy to 137 months’ imprisonment and 4 years of supervised release after pleading guilty to
    one count of possession with intent to distribute cocaine on December 9, 2024.
     

    According to court documents, on March 29, 2022, Brian Santiago Gonzalez and co-defendant
    Wesly Albert Amaro were stopped in the waters near Savanah Island, just west of St. Thomas,
    USVI. At approximately 4:00 a.m., the United States Coast Guard (USCG) detected a vessel
    operating without navigation lights traveling at a high rate of speed from Culebra, PR towards
    Hendrick Bay, St. Thomas. Customs and Boarder Protection Air and Marine (AMO) vessels
    responded as the USCG provided updates on the vessel’s location. AMO agents located the lightsout
    vessel using radar and attempted a stop. The vessel fled while the two men onboard jettisoned
    bags overboard. The vessel would not heave to, so AMO agents disabled the vessel’s engine.
    During the chase, AMO agents marked the locations where duffle bags were discarded from the
    vessel. Upon returning to the marked areas, AMO agents recovered three duffel bags containing
    79 kilograms of cocaine.
     

    Wesly Albert Amaro was sentenced to 108 months’ imprisonment and 3 years of supervised
    release on August 18, 202, following his guilty plea.
    CBP-AMO, the Drug Enforcement Administration, and Homeland Security Investigations
    investigated the case. Assistant United States Attorney Kyle Payne prosecuted the case.
     

    This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation.
    OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten
    the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional
    information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    MIL Security OSI –

  • MIL-OSI: Ethereum-Based Meme Coin Little Pepe Stage 7 Sold Out and $11,225,000 Raised

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 23, 2025 (GLOBE NEWSWIRE) — Little Pepe ($LILPEPE), the Ethereum-based meme coin that’s taken the crypto market by storm, has sold out Stage 7 of its presale—marking a great milestone in its journey so far. With 8.25 billion tokens sold and a total of $11,225,000 raised, Little Pepe is proving that meme coins with real application cannot only seize interest but also preserve explosive momentum.

    The huge milestone indicates the growing pleasure around the project, which is built on an Ethereum-based Layer 2 network that offers quicker, less expensive transactions and scalable infrastructure. As Stage 7 closes and Stage 8 looms, investors and analysts alike are searching closely to see simply how far this viral sensation can move.

    $LILPEPE Stage 7 Presale Sold Out

    Stage 7 of the Little Pepe presale was met with huge demand, in the long run selling out in less than 48 hours. The $0.0016 token price didn’t deter buyers—in fact, it encouraged a surge of last-minute activity as investors rushed to secure their allocations before the next price increase.

    The rapid sellout highlights not only the growing reputation of $LILPEPE but also the strategic pricing model that rewards early backers at the same time as retaining sustained buying for strain throughout each stage. The total tokens sold now stand at over 8.25 billion, an impressive feat that places Little Pepe among the most successful meme coin launches of the year.

    Built on Ethereum, Powered by Layer 2

    At the heart of Little Pepe’s achievement is its meme technology. Unlike many meme coins that launch without long-term utility, Little Pepe operates on a custom-built Layer 2 blockchain that is fully like-minded with Ethereum’s Virtual Machine (EVM). This allows users to interact with Ethereum gear while enjoying quicker and notably cheaper transactions.

    The Ethereum-compatible Layer 2 design means builders can, without difficulty, build decentralized applications (dApps) on the network, while users can stake, trade, and mint NFTs without the high gas expenses normally associated with Ethereum. This mixture of utility and accessibility is a key element in why investors are flocking to the project.

    Little Pepe Ecosystem on the Rise

    Little Pepe is not stopping at presale success. The team has laid out a detailed roadmap. Already, upcoming dApps and Layer 2 incentives for developers are generating buzz.

    Future stages of the presale are expected to introduce even more features, with Stage 8 priced higher and likely to sell out quickly given the trend. Exchange listings are also on the horizon, which could introduce a new wave of liquidity and visibility for the token. Moreover, the project is planning token burns and community reward programs to help maintain long-term value for holders and increase scarcity over time.

    What’s Next for $LILPEPE?

    With Stage 7 now behind it, Little Pepe is entering Stage 8 with strong tailwinds. The token price will increase, making early investors even more satisfied with their entry points. At the same time, the project continues to focus on product development and exchange partnerships that will bring even more attention to the token once presale phases are completed.

    As centralized exchange listings near, many in the crypto space are eyeing Little Pepe as a potential breakout star—one that combines the fun of meme culture with the fundamentals of utility and scalability.

    Little Pepe’s success in Stage 7 is more than just another crypto milestone. By selling out 8.25 billion tokens and raising $11,225,000 in record time, $LILPEPE has firmly positioned itself as a frontrunner in the next generation of meme coins. With its Ethereum-compatible Layer 2 network, strong community support, and a roadmap packed with features, Little Pepe is proving that meme coins can be more than hype—they can be powerful platforms.

    As Stage 8 begins and the crypto world watches closely, one thing is clear: Little Pepe is no longer just riding the meme coin wave—it’s leading it.

    About Little Pepe

    Little Pepe is a next-gen Layer 2 blockchain designed to merge meme culture with high-speed, low-cost decentralized infrastructure. Built for scalability, security, and accessibility, Little Pepe supports EVM-compatible applications and is powered by means of the $LILPEPE token. The project’s mission is to create a meme coin environment wherein utility meets virality, empowering users through cutting-edge technology and lightning-fast transactions.

    For more information:
    Website: https://littlepepe.com/
    Telegram: https://t.me/littlepepetoken
    Twitter: https://x.com/littlepepetoken

    Contact Details: COO- James Stephen Email: media@littlepepe.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5851699f-8cd3-47e3-882a-cffda1ec6ef2

    The MIL Network –

  • MIL-OSI: Graphjet visited by Japanese trading company

    Source: GlobeNewswire (MIL-OSI)

    New York, United States, July 23, 2025 (GLOBE NEWSWIRE) — Graphjet Technology (“Graphjet” or “the Company”) was honoured to welcome a delegation from a Japanese trading company with international presence for an official visit on JULY 23, 2025 to discuss on the provision of sustainable graphite materials to their customers.

    This visit highlights the Japanese trading company’s strong interest in Graphjet’s proprietary technology, which utilize palm kernel shells as a renewable feedstock to produce high purity synthetic graphite. This patented process significantly reduce carbon emissions compared to traditional graphite production methods, aligning with global efforts toward decarbonization and green manufacturing.

    With over 75 years of history, this renowned Japanese enterprise is one of the major integrated trading houses in Asia, actively engaged in diverse sectors including aerospace components, advanced machinery and automation systems, and chemical products, it serves industry leaders across multiple sector for customers like Toshiba and Hitachi. With annual revenue of around ¥‎30 billion, the firm maintains operations in North America, Europe, and Southeast Asia.

    During the visit, the delegation toured Graphjet’s R&D production facilities, gaining valuable insights into the company’s manufacturing process and quality assurance system.

    “This engagement marks a meaningful step forward in strengthening mutual understanding and laying the groundwork for future collaboration in the field of sustainable graphite and next generation technology.” said Chris Lai the CEO of Graphjet.

    Graphjet Technology remains committed to advancing green innovation and building strong partnership with global industry leaders to drive sustainable progress in the graphite and graphene sector.

    About Graphjet Technology Sdn. Bhd.

    Graphjet Technology Sdn. Bhd. (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world’s first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet’s sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit https://www.graphjettech.com/.

    Cautionary Statement Regarding Forward-Looking Statements

    The information in this press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Graphjet competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Graphjet will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) Graphjet is beginning the commercialization of its technology and it may not have an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Graphjet’s industry and market size; (v) financial condition and performance of Graphjet, including the anticipated benefits, the implied enterprise value, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Graphjet; (vi) Graphjet’s ability to develop and manufacture its graphene and graphite products; and (vii) those factors discussed in our filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the documents to be filed by Graphjet from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Graphjet may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Graphjet does not give any assurance that Graphjet will achieve its expectations.

    Graphjet Technology Contacts

    Investors
    ceo.office@graphjettech.com

    Media
    ceo.office@graphjettech.com

    ###

    The MIL Network –

  • MIL-OSI: Varonis Secures HDS Certification, Strengthening Commitment to Health Data Protection in France

    Source: GlobeNewswire (MIL-OSI)

    Certification affirms that Varonis’ cloud-native Data Security Platform meets stringent legal requirements for safeguarding personal medical information

    MIAMI, July 23, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), the leader in data security, announced it achieved Hébergeur de Données de Santé (Health Data Hosting) certification. This certification is a prerequisite for any organization wishing to host health data in France and provides a framework for the security and protection of personal health data.

    The certification demonstrates Varonis’ ability to meet the requirements as defined in the HDS Referential version 2.0.

    “Varonis is dedicated to upholding the highest international standards for data security,” said Gilad Raz, CIO and VP of Technical Services at Varonis. “Achieving the HDS certification reinforces our commitment to protecting our customers’ health data and complying with local regulations.”

    The HDS accreditation enables Varonis to serve French healthcare customers who are legally required to use HDS-certified providers, meet stringent regulatory requirements, expand its footprint in EU healthcare markets, and reinforce trust by ensuring data handling adheres to the highest standards of confidentiality, integrity, and availability.

    To explore the full list of Varonis certifications, visit www.varonis.com/trust.

    Additional Resources

    About Varonis
    Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, identity protection, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    The MIL Network –

  • MIL-OSI: Varonis Secures HDS Certification, Strengthening Commitment to Health Data Protection in France

    Source: GlobeNewswire (MIL-OSI)

    Certification affirms that Varonis’ cloud-native Data Security Platform meets stringent legal requirements for safeguarding personal medical information

    MIAMI, July 23, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), the leader in data security, announced it achieved Hébergeur de Données de Santé (Health Data Hosting) certification. This certification is a prerequisite for any organization wishing to host health data in France and provides a framework for the security and protection of personal health data.

    The certification demonstrates Varonis’ ability to meet the requirements as defined in the HDS Referential version 2.0.

    “Varonis is dedicated to upholding the highest international standards for data security,” said Gilad Raz, CIO and VP of Technical Services at Varonis. “Achieving the HDS certification reinforces our commitment to protecting our customers’ health data and complying with local regulations.”

    The HDS accreditation enables Varonis to serve French healthcare customers who are legally required to use HDS-certified providers, meet stringent regulatory requirements, expand its footprint in EU healthcare markets, and reinforce trust by ensuring data handling adheres to the highest standards of confidentiality, integrity, and availability.

    To explore the full list of Varonis certifications, visit www.varonis.com/trust.

    Additional Resources

    About Varonis
    Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, identity protection, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    The MIL Network –

  • MIL-OSI: Grayscale Investments® Low-Cost Bitcoin ETP (Ticker: BTC) Surpasses $5,000,000,000 in AUM Within First Year and Expands Access Through Major Wealth Management Platform

    Source: GlobeNewswire (MIL-OSI)

    STAMFORD, Conn., July 23, 2025 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital asset-focused investment platform, today announced that Grayscale® Bitcoin Mini Trust ETF (NYSE Arca: BTC), has garnered over $5,000,000,000 in assets under management (AUM) since launching on July 31, 2024.1

    Grayscale Bitcoin Mini Trust ETF (“BTC”), an exchange traded product, is not registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same regulations and protections as 1940 Act-registered ETFs and mutual funds. 

    “The momentum behind BTC underscores the growing role of crypto in diversified portfolios,” said John Hoffman, Grayscale’s Head of Distribution and Partnerships. “BTC continues to establish itself as a leading ETP for Bitcoin exposure among asset allocators, and its recent milestones reflect strong investor demand and increasing institutional utilization.”

    Since launch, Grayscale® Bitcoin Mini Trust ETF (NYSE Arca: BTC) has steadily attracted a growing share of spot Bitcoin ETP inflows in the U.S., supported by its low annual fee of 0.15% (15 basis points2) and performance benefits. As of July 14, 2025, BTC surpassed $5B in AUM within its first year – a milestone achieved by only nine ETF products.3

    In addition, BTC is now available for advisor solicitation on a major national broker-dealer platform, allowing financial advisors and wealth managers to incorporate BTC more easily into client portfolios. This expanded access reflects a broader trend of growing institutional interest in digital asset products and a shift toward Bitcoin exposure as part of diversified investment strategies.

    “Over the past decade, we’ve seen digital assets evolve from the fringes of portfolio construction into a credible option in mainstream asset allocation conversations,” Hoffman added. “At Grayscale, we remain focused on delivering investment vehicles through familiar, established structures, enabling allocators to access this asset class with confidence as it becomes an integral component of modern portfolios.”

    The Grayscale team is pleased to provide industry-leading research, content, and no-cost resources for investors and financial professionals. If you’d like to learn more about our product suite, please email info@grayscale.com or call 866-775-0313 to speak directly to a member of the Grayscale team.  

    For additional information about BTC, please visit: https://etfs.grayscale.com/btc  

    1 Source: Bloomberg L.P.
    2 Basis Points (BPs) are a unit of measure used to indicate percentage changes in financial instruments
    3 Excluding mutual fund conversions, based in the U.S.

    Please read the prospectuses carefully before investing in BTC. Foreside Fund Services, LLC is the Marketing Agent for BTC. 

    An investment in BTC is subject to a high degree of risk and heightened volatility. BTC is not suitable for an investor that cannot afford the loss of the entire investment. An investment in BTC is not an investment in Bitcoin. Investing involves significant risk, including possible loss of principal.   

    There is no guarantee that a market for the shares will be available which will adversely impact the liquidity of BTC. The value of BTC relates directly to the value of the underlying digital asset, the value of which may be highly volatile and subject to fluctuations due to a number of factors.

    About Grayscale Investments® 
    Grayscale enables investors to access the digital economy through a family of future-forward investment products. Founded in 2013, Grayscale has a decade-long track record and deep expertise as a digital asset-focused investment platform. Investors, advisors, and allocators turn to Grayscale for single asset, diversified, and thematic exposure. Grayscale products are distributed by Grayscale Securities, LLC (Member FINRA/SIPC).

    Media Contact
    press@grayscale.com

    Client Contact
    866-775-0313
    info@grayscale.com

    The MIL Network –