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Category: CTF

  • MIL-OSI USA: Congressmen Ruiz and Pfluger introduce bipartisan Clinical Trial Modernization Act

    Source: United States House of Representatives – Congressman Raul Ruiz (36th District of California)

    Washington, D.C. – Today, Congressman Raul Ruiz, M.D. (D-CA) and Congressman August Pfluger (R-TX) announced the introduction of bipartisan legislation to improve participation in clinical trials by underrepresented populations.

    The Clinical Trial Modernization Act builds on the successes of clinical trials legislation passed into law in 2022 by addressing economic barriers that can prevent participation in clinical trials. This bill also allows the U.S. Department of Health and Human Services (HHS) to issue grants or enter into contractual arrangements to support education, outreach, and recruitment for clinical trials for diseases that have a disproportionate impact on underrepresented populations.

    “As an emergency medicine physician, I know firsthand that individuals respond differently to medications and clinical treatments,” said Congressman Dr. Raul Ruiz (CA-25). “I am deeply concerned about the potential effects that the lack of participation in clinical trials may have on the effectiveness of new medical treatments and therapies for underrepresented populations. That is why I introduced this important legislation to help ensure clinical trial results are applicable to our nation’s various populations and can lead to more effective treatments.”

    “Every American deserves access to the latest medical breakthroughs, regardless of where they live or their economic circumstances,” said Congressman August Pfluger (R-TX). The Clinical Trial Modernization Act will remove unnecessary barriers that have prevented many rural and underserved communities from participating in critical research, ultimately delivering more effective treatments to all Americans. I’m proud to partner with Dr. Ruiz on this bipartisan solution that will both improve health outcomes and strengthen America’s position as a global leader in medical research.” 

    “No one should be disadvantaged in their cancer journey,” said Lisa A. Lacasse, president of the American Cancer Society Cancer Action Network. “The Clinical Trial Modernization Act would help eliminate cost and geographic barriers to clinical trials, making it easier for all people with cancer to participate in clinical trials. We thank Reps. Pfluger and Ruiz for their leadership in introducing this legislation, which is critical to our work to reduce the cancer burden for everyone.”

    The Clinical Trial Modernization Act would make strides towards ensuring all populations can benefit from novel therapeutics.

    The Clinical Trial Modernization Act will address economic barriers to participation in clinical trials by:

    • Exempting free digital health technology that enables trial participation from the Anti-Kickback statute when doing so will facilitate clinical trial participation by underrepresented populations;
    • Allowing patient cost-sharing by a drug or device manufacturer in a clinical trial when specific criteria are met;
    • Excluding remuneration for participation in clinical trials from taxable income.

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: Governor Polis Takes Action to Strengthen Colorado’s Workforce, Help More Coloradans Connect to Skills

    Source: US State of Colorado

    DENVER – Today, Governor Polis signed an Executive Order directing Colorado’s state agencies to work together with the Department of Education to help more post-high school learners access needed credentials. The Governor was joined by Department of Higher Education executive director Dr. Angie Paccione, Colorado Department of Labor and Employment executive director Joe Barela, Office of Economic Development and International Trade executive director Eve Lieberman, Colorado Department of Regulatory Affairs executive director Patty Salazar, and leaders from the Colorado Department of Education. 

    “Colorado is a national leader in helping students and workers develop needed skills to enter the job market with credentials and build a successful career. We’ve broken down barriers to apprenticeships, made it free to attend community college for in-demand credentials, and created new ways to help Coloradans succeed. This Executive Order builds on that work by ensuring our state meets learners and earners where they are and helps Coloradans get a meaningful job. We’re asking how our state agencies and operations can better support Coloradans throughout successful lives and careers,” said Governor Jared Polis. 

    The Executive Order directs the Colorado Department of Labor and Employment, the Colorado Department of Higher Education, the Colorado Department of Regulatory Agencies, and the Office of Economic Development and International Trade to work with the Governor’s Office and the Department of Education to develop recommendations to: 

    • Seamlessly integrate postsecondary education, skills attainment, and training strategies to improve the flexibility and permeability of the system;
    • Future-proof talent development by investigating and scaling strategies that help the postsecondary education and workforce development strategies be more adaptive and efficient;
    • Improve the ability for learners, employers, community members, and State agencies to navigate the postsecondary talent development system;
    • Increase postsecondary credential attainment, particularly for the students who historically have not connected to postsecondary education or training within six years of high school graduation; and
    • Reduce bureaucratic barriers to cross-functional education and training. 

    These recommendations are due by December 1, 2025. Read the Governor’s Executive Order. 

    ###

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: Governor Lamont Applauds House Approval of His Plan To Increase the Wages of Connecticut State Police Troopers

    Source: US State of Connecticut

    (HARTFORD, CT) – Governor Ned Lamont is applauding the Connecticut House of Representatives for voting today to approve the agreement he negotiated with the Connecticut State Police Union that will enact pay increases for the Connecticut State Police.

    The governor and the union reached the agreement in April. It must be approved by both chambers of the Connecticut General Assembly for it to take effect.

    “I submitted a plan to the state legislature to give pay raises to the Connecticut State Police because I believe that our state troopers deserve salaries that reflect the essential work they provide to our state and can help recruit more officers to serve in these positions,” Governor Lamont said. “Ensuring the safety of our residents requires us to invest in state troopers and their families. I am glad that the majority of lawmakers in the House supported it, and I urge the Senate to join them in approving the plan.”

    The legislation that was approved today is House Resolution 17. It passed by a vote of 134 to 12, with the votes in opposition cast by Republican legislators. The agreement must next be approved by the State Senate.

     

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: Kugler, Commencement Remarks

    Source: US State of New York Federal Reserve

    Thank you, Stefano, and before I say anything else, congratulations to the Class of 2025!1 My family is here today, so let me acknowledge my husband Ignacio, my daughter Miri, my son Danny, and my parents who are watching from elsewhere. I start with family because I know it takes a village! So, I want to acknowledge the enormous accomplishment by the graduates and also by their families and friends who supported them through this journey. Let’s give all of them a big round of applause! I also want to thank the leaders of Berkeley’s economics program for giving me the privilege of returning here, as a graduate of this program, to be a part of what is, in fact, my very first economics commencement ceremony here at Berkeley.
    On a similar spring afternoon in 1997, when my classmates were walking across this stage, I was across the country, hurrying to finish my dissertation at the Brookings Institution and preparing to start my first job as an economist. I would have loved to be here, as you are, and I praise you for taking the time to share with your classmates, friends, and family this moment of recognition for the huge achievement today represents. But somehow, at the time of my graduation, I felt the need to get on with earning a living and moving forward with my life, as I am sure many of you are eager to do also.
    So, you can understand that this is a very special—and also a little strange— moment for me because it feels, in a way, like I am celebrating my own graduation 28 years later! I think it is also an unusual situation for all of you to listen to this speaker who was once where you are today. It is unusual because standing at this podium now is not just the person I have become in the decades since leaving Berkeley. Standing beside me, very close by today, is also the young woman I was in 1997, who was too busy to attend her own graduation. You will be hearing at times from both of us today, and we may even exchange a few words with each other.
    This sounds a little like that Aubrey Plaza movie you may have seen last year, in which a young woman gets advice from her older self. Unfortunately, unlike Aubrey Plaza’s character, I cannot help my younger version through the many challenges that she will face, and let me tell you, there were many challenges indeed, and yet here I am! Nevertheless, because of my proximity, today, to that younger self, I hope I can see the world a little more through your eyes, when I try to offer some words of wisdom. I know, I know, commencement speakers are expected to provide wisdom and advice. But really, today, I would like to mainly tell you that the wisdom and also the conviction of my younger self are what allowed me to navigate the challenges along the way. So, trust yourselves!
    As I have indicated, the younger version of me was quite impatient to get her professional life started and try to make a mark in the world. The older me would say, “Take your time, figure out who you are, who you will become! Life is long, and among other things, life teaches you to have patience to work for big goals.” There is merit to this advice, of course, but today I am thinking about how I felt when I was in your shoes, and I am thinking that one of the underappreciated gifts of younger people is, in fact, impatience. I will say more about this, but if you take a look around at all the many urgent challenges we face here in the U.S. and the world, many of which depend on the powerful tool of economics and its potential to make people’s lives better, then I would certainly say that some impatience is, indeed, very much what we need.
    I speak of economics as a tool because that is all that it is. It is not a philosophy, a value system, or a religion, although I acknowledge that some in our profession might treat it that way. Economics can’t answer all the questions we face in our lives. Economics can’t tell us how to treat each other, or what kind of world we should strive to create, but it is a means to those ends.
    And even the answers that economics can provide are always evolving, as our understanding of economic behavior and phenomena evolves. What we understand in economics has evolved in the years since I left Berkeley, and it will continue to evolve. While this understanding does change over time, I think of it as changing like the California landscape changes. Some towns and cities grow, some decline, and there is the occasional earthquake to shake things up. But the landmarks that guide us in economics—the Golden Gate, the Sierra Nevada—they have been standing for a while now, and I believe they will continue to stand for a long time to come.
    Using these landmarks, these foundational and time-tested insights, economics can indeed be a powerful tool. But it is a tool, only to the extent, like any other tool, that it is useful. A brilliant insight, if not applied, or tested, or employed for some useful purpose, is like the gadget you pick up at the hardware store and never use. It is just taking up space in the toolbox. When economics reveals how to use resources efficiently, how to raise production and income and lower costs, these insights are only useful if they are applied—if they win in the marketplace of ideas.
    As you embark on your careers as economists, and the myriad ways in which you can employ the knowledge and skills you have acquired, one cause that I hope you all will embrace is actively participating in this marketplace of ideas. I hope you do, because, from the level of the individual household to the loftiest decisions of business leaders and government, employing the foundational insights of economics is the difference between prosperity and the utterly avoidable lack of prosperity.
    It is tempting to think that time-tested and broadly accepted ideas are permanent. In fact, the debate has never ended on many foundational ideas of economics, some of which can seem counterintuitive to people. These are ideas that must be fought for, because, as I said, to lose that fight is to go backward and accept less prosperity.
    Among the aspirations that each of you hold as you leave the Greek theater today, I hope that you will use what you have learned at Berkeley to be part of this fight. I would go further and argue that, along with the diplomas that you are receiving today, you will also carry with you a special responsibility to promote these principles and use them to promote greater prosperity for all. I am not shy in saying that economists have such a responsibility, nor in saying that the learning you have acquired qualifies you to be an active participant in these debates. I believe your expertise matters, because, in the cacophony of opinions, and trolling, and disinformation that seems to crowd ever more into the marketplace of ideas each year, I cling to the idea that expertise still matters. In his book The Constitution of Knowledge: A Defense of Truth, Jonathan Rauch argues that, just as important as America’s written Constitution is an unwritten one, based on a widespread agreement on what is true and what is not true. Knowledge, he writes, as it is added to and preserved over time, is a special glue, that Gorilla clear and precise super glue, that helps to hold society together and settle many conflicts. Expertise matters as the basis for that knowledge. When your expertise as economists is absent, when your voices are absent from the debate, knowledge suffers, and we are all poorer because of it.
    Let me pause for a moment because I am hearing from my younger self just now that these commencement remarks are maybe getting a little heavy. I can understand how she feels. Think about how things looked in 1997. The Cold War was over! The tech boom was just taking off, which meant that Oakland was still affordable. Honestly, in hindsight life back then sounds a lot less complicated than it seems today. My first job was at Pompeu Fabra University in Spain, and my second was at a large public university, the University of Houston. I had some research ideas, mostly in the area of labor economics, and I found some great collaborators, and I was off to the races. Today, I realize that colleges and universities are facing challenges like never before, which means that the prospect of trying to make a career in academia is much less certain.
    Public service is another traditional destination for economists, and I have been very fortunate to be able to move forward in my career as an academic, while taking time out on three occasions to work in Washington—as chief economist at the Department of Labor, as the U.S. executive director at the World Bank, and now as a governor at the Federal Reserve Board. By contrast, it is, of course, to put it mildly, a very challenging time to be thinking about starting a career in public service, at least at the federal level.
    I can stand here today and lament the new challenges faced by you and by many others in the Class of 2025. I am a mom, and my kids are also facing new circumstances. But I also look back sometimes and wonder how I got here. And this is another case where I believe the 27-year-old me had more wisdom than I do. If she were crossing this stage today, with you, facing these undeniable challenges, I do not think she would be discouraged. She would stubbornly say: “I love economic research; I will find a way to become an academic.” If you told her about the challenges facing colleges and universities, she would say that it is simply unthinkable that America would not support the greatest post-secondary educational system in the world. And if you told her that a pendulum swing in opinion might limit opportunities in public service, she might say: “If the purpose of life is helping others, (and I think it is) then public service will be valued, and it is something I must do, and that I will do.”
    I think if you had told the 27-year-old me that she could not achieve these things, which she dreamed of, she would stubbornly refuse to accept it. And of course, this is the way that humankind eventually solves most big problems. More than anything else, it is stubborn determination, which I hope is in good supply among you already, and which I encourage you to cultivate. You have already, of course, one of the greatest assets that anyone can have to make a career in economics, which is an education from one of the greatest universities in the world—the University of California, Berkeley. When I attended here, I had the privilege of taking classes with four winners of the Nobel Prize, and many people tell me that, if anything, the faculty is even stronger today. In my recent work at the Fed, I have had occasion to cite research by six current faculty members in public speeches. You have learned from the best, and with your energy, expertise, impatience, and stubborn determination, I know that nothing will stop you! Whatever you choose to do, I hope you will make use of what you have learned at Berkeley to be an active part of that marketplace of ideas. Go forth from here and make the world a brighter and better place. Go seize the day as you head out Sather Gate! Congratulations, again, Class of 2025, and thank you.

    1. The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee. Return to text

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI Security: Foreign National Sentenced for $3.2 Million Medicare Fraud Scheme

    Source: United States Attorneys General 1

    A foreign national was sentenced today to 30 months in prison for his role in a scheme to defraud Medicare of more than $3.2 million through a sham durable medical equipment company.

    According to court documents, Julian Lopez, 55, a citizen of Cuba who resides in Miami-Dade County, Florida, obtained Medicare beneficiary identification cards and sold Medicare beneficiaries’ personal information to a durable medical equipment company, One Medical Services. Lopez knew the Medicare identification cards he obtained would be used to submit fraudulent claims to Medicare. One Medical Services used the information from Lopez to bill Medicare for orthotic braces that were never provided to the Medicare beneficiaries. In connection with the scheme, One Medical Services submitted and caused the submission of over $3.2 million in false and fraudulent claims to Medicare for medically unnecessary DME.

    Lopez pleaded guilty to two counts of health care fraud in February 2025. At sentencing, he was also ordered to pay $1,496,412 in restitution.

    Matthew R. Galeotti, Head of the Justice Department’s Criminal Division; Acting Special Agent in Charge Jesus Barranco at the U.S. Department of Health and Human Services, Office of Inspector General (HHS-OIG) Miami Regional Office; and Acting Special Agent in Charge Brett Skiles of the FBI Miami Field Office made the announcement.

    The FBI and HHS-OIG investigated the case.

    Assistant Chief Emily Gurskis and Trial Attorney Owen Dunn of the Criminal Division’s Fraud Section prosecuted the case.

    The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Force Program. Since March 2007, this program, currently comprised of nine strike forces operating in 27 federal districts, has charged more than 5,800 defendants who collectively have billed federal health care programs and private insurers more than $30 billion. In addition, the Centers for Medicare & Medicaid Services, working in conjunction with HHS-OIG, are taking steps to hold providers accountable for their involvement in health care fraud schemes. More information can be found at www.justice.gov/criminal-fraud/health-care-fraud-unit.

    MIL Security OSI –

    May 21, 2025

  • MIL-OSI Security: Justice Department Files Religious Liberty Lawsuit Against Troy, Idaho for Discriminating Against a Small Christian Church

    Source: United States Attorneys General 1

    The Justice Department filed a lawsuit today in the U.S. District Court for the District of Idaho alleging that the City of Troy, Idaho, violated the Religious Land Use and Institutionalized Persons Act (RLUIPA) when it denied a conditional use permit (CUP) application sought by Christ Church, a small evangelical church.

    The lawsuit alleges that Christ Church had outgrown the space where it had been worshipping and was unable to find a space to rent. It then sought a CUP to operate a church in the City’s C-1 zoning district, where nonreligious assembly uses such as clubs, museums, auditoriums, and art galleries were allowed. Local residents vociferously opposed the Church’s CUP application, and many of their written and verbal comments reflected animus against Christ Church’s beliefs. In its denial of the Church’s CUP application, the City cited the fact that the public was “heavily against” it and that the “great majority of the city residents” opposed granting the CUP.

    “RLUIPA unequivocally forbids local governments from deciding zoning matters based on their dislike of certain religious groups,” said Assistant Attorney General Harmeet K. Dhillon of the Justice Department’s Civil Rights Division. “The Department of Justice will not hesitate to file suit against jurisdictions that discriminate in land use matters on the basis of the applicants’ religious beliefs.”

    The lawsuit alleges that the City’s denial of the CUP imposed a substantial burden on Christ Church and was based on the community’s discriminatory animus against the Church. It also alleges that the City’s zoning code treats religious assembly use worse than nonreligious assembly use.  The lawsuit alleges violations of RLUIPA’s substantial burden, equal terms, and discrimination provisions.

    RLUIPA is a federal law that guards individuals and religious institutions from unduly burdensome, unequal, or discriminatory land use regulations. More information about RLUIPA and the department’s work can be found on the Place to Worship Initiative’s webpage.

    As part of this initiative, the department distributed a letter to state, county, and municipal leaders throughout the country to remind them of their obligations under RLUIPA, including its requirement that land use regulations treat religious assemblies and institutions at least as well as nonreligious assemblies and institutions.

    Individuals who believe they have been subjected to discrimination in land use or zoning decisions may contact the Civil Rights Division’s Housing and Civil Enforcement Section at (833) 591-0291 or may submit a complaint through the RLUIPA complaint portal. More information about RLUIPA, including questions and answers about the law and other documents, may be found at www.justice.gov/crt/about/hce/rluipaexplain.php.

    MIL Security OSI –

    May 21, 2025

  • MIL-OSI USA: AG Labrador Secures Victory Against Swanky LLC for Deceptive Business Practices

    Source: US State of Idaho

    Home Newsroom AG Labrador Secures Victory Against Swanky LLC for Deceptive Business Practices

    BOISE — Attorney General Raúl Labrador announced a default judgment entered in April 2025 against Swanky LLC, doing business as Swanky Steel, and its operator, Justin Bussard, for deceptive business practices that harmed consumers from out of state attempting to buy products from an Idaho business. 
    The Attorney General’s Consumer Protection Division filed a lawsuit in January 2025, alleging that Swanky LLC and Bussard accepted payments from consumers for custom-made vehicle parts but failed to deliver those products or issue refunds. The default judgment prohibits Bussard from operating any business involving custom-made vehicle parts or similar services unless he does so as an employee or agent under direct supervision.
    The judgment also orders restitution payments of $6,542.09 to affected consumers and imposes $10,000 in civil penalties.
    “This judgment ensures accountability for dishonest business practices and prevents further deceptive conduct which could ultimately harm Idaho families,” said Attorney General Labrador. “Our Consumer Protection Division works hard to uphold fairness in the marketplace and defend Idahoans from deceptive conduct.”
    Consumers who experience similar deceptive practices may file consumer complaints with the Consumer Protection Division. A complaint form is available here.

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI Europe: President Meloni’s telephone conversation with Pope Leo XIV on Ukraine

    Source: Government of Italy (English)

    Vai al Contenuto Raggiungi il piè di pagina

    20 Maggio 2025

    The President of the Council of Ministers, Giorgia Meloni, had a telephone conversation today with the Holy Father on the next steps in order to build a just and lasting peace in Ukraine.

    The conversation followed yesterday’s call with President Trump and other European leaders, during which President Meloni was asked to verify the readiness of the Holy See to host negotiations. President Meloni, having received confirmation from the Holy Father of the readiness to welcome the next round of talks between the parties in the Vatican, expressed her deep gratitude for Pope Leo XIV’s openness and for his tireless commitment to peace.

    MIL OSI Europe News –

    May 21, 2025

  • MIL-OSI: Talonvest Negotiates $51,317,000 Acquisition Loan for Texas Storage Portfolio

    Source: GlobeNewswire (MIL-OSI)

    NEWPORT BEACH, CA., May 20, 2025 (GLOBE NEWSWIRE) — Talonvest Capital, Inc., a boutique commercial real estate mortgage brokerage firm, is pleased to announce the successful closing of a $51,317,000 acquisition loan on behalf of Reframe Holdings (Reframe). Reframe acquired eight-property institutional quality self-storage facilities, known as the Steelcreek Portfolio, located in key markets of Dallas, Austin, and Houston, TX. The portfolio has approximately 620,000 net rentable square feet of self-storage units, covered and uncovered parking spaces, small bay industrial units and inline retail. Reframe’s business plan for the portfolio post-closing is to rebrand the assets with third party management provided by Extra Space Storage (6 facilities) and CubeSmart (2 facilities) and improve the properties through targeted capital expenditures.

    Talonvest negotiated the non-recourse, low interest, floating rate acquisition loan with a 5 year term from a national bank and successfully delivered maximum flexibility for Reframe.

    “Talonvest delivered an outstanding loan for us, and their hands-on approach and deep sector knowledge was key in getting this closed efficiently,” said Matt Dicker, Co-Founder and Managing Partner of Reframe Holdings. The Talonvest team members involved in this assignment included Anna Siradze, Britt Taylor, Ivan Viramontes, Tom Sherlock, and Lauren Maehler.

    About Talonvest Capital Inc.
    Talonvest Capital is a commercial real estate advisory firm specializing in sourcing cutting-edge lending programs and advising on capital market trends for industrial, self-storage, multifamily, office, and retail property owners. Talonvest Capital offers a unique boutique approach by leveraging the company’s collective institutional knowledge and remaining highly engaged throughout the entire assignment, including the closing process, to deliver tailored capital solutions for their clients. Learn more at https://talonvest.com.

    About Reframe Holdings
    Reframe Holdings is a commercial real estate investment owner, manager and sponsor. Reframe acquires Class A and B self-storage assets in top MSAs across the US, focusing on institutional-quality assets in retail-grade locations, supply-constrained submarkets and alignment with third-party management platforms. To learn more, please visit: reframeholdings.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/46688fc2-a32c-4ff0-a545-3f3cb32f0955

    The MIL Network –

    May 21, 2025

  • MIL-OSI: NBT Bancorp Inc. Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    NORWICH, N.Y., May 20, 2025 (GLOBE NEWSWIRE) — The Board of Directors of NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) approved a second-quarter cash dividend of $0.34 per share at a meeting held today. The dividend will be paid on June 16, 2025 to shareholders of record as of June 2, 2025.

    Corporate Overview

    NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $13.86 billion at March 31, 2025. The Company primarily operates through NBT Bank, N.A., a full-service community bank, and through two financial services companies. NBT Bank, N.A. has 175 banking locations in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. EPIC Retirement Plan Services, based in Rochester, NY, is a national benefits administration firm. NBT Insurance Agency, LLC, based in Norwich, NY, is a full-service insurance agency. More information about NBT and its divisions is available online at: www.nbtbancorp.com, www.nbtbank.com, www.epicrps.com and www.nbtbank.com/Insurance.

    Contact: Scott A. Kingsley President and CEO
    Annette L. Burns, Executive Vice President and CFO
    NBT Bancorp Inc.
    52 South Broad Street
    Norwich, NY 13815
    607-337-6589

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

    The MIL Network –

    May 21, 2025

  • MIL-OSI: ESCO Announces Divestiture of VACCO Industries

    Source: GlobeNewswire (MIL-OSI)

    St. Louis, May 20, 2025 (GLOBE NEWSWIRE) — ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today announced that it has entered into a definitive agreement to sell VACCO Industries (VACCO) to RBC Bearings Incorporated (NYSE: RBC), an international manufacturer and marketer of highly engineered precision bearings and products, headquartered in Oxford, Connecticut.

    The Company expects to finalize the transaction upon receipt of certain customary regulatory approvals with expected gross cash proceeds of $310 million subject to typical post-closing adjustments. A sizable book gain is expected on the transaction, with a plan to use the net proceeds for paying down debt incurred in connection with the Maritime acquisition.

    Last August, the Company announced a strategic review of the VACCO business and the resulting divestiture supports ESCO’s long-term strategy to focus its portfolio on core high-growth end-markets. VACCO has been a part of ESCO since its formation in 1990 and is a key supplier of highly-technical mission-critical solutions. Bryan Sayler, Chief Executive Officer and President, commented, “We view this transaction as a great outcome for all and are confident that VACCO and its dedicated management team and employees are positioned for a positive future with RBC Bearings.”

    ESCO was represented by Philpott, Ball & Werner, LLC as exclusive financial advisor and Bryan Cave Leighton Paisner LLP as legal advisor on this transaction.

    ESCO Technologies is a global provider of highly engineered products and solutions serving diverse end-markets. It manufactures filtration and fluid control products, advanced composites, as well as signature and power management solutions for aviation, Navy, space, and industrial customers. ESCO is an industry leader in designing and manufacturing RF test and measurement products and systems; and provides diagnostic instruments, software and services to industrial power users and the electric utility and renewable energy industries. Headquartered in St. Louis, Missouri, ESCO and its subsidiaries have offices and manufacturing facilities worldwide. For more information on ESCO and its subsidiaries, visit ESCO’s website at www.escotechnologies.com.

    SOURCE ESCO Technologies Inc.
    Kate Lowrey, Vice President of Investor Relations, (314) 213-7277

    The MIL Network –

    May 21, 2025

  • MIL-OSI: XWELL Reports First Quarter 2025 Results, Advancing Mission to Liberate Science-Proven Wellness

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) — XWELL, Inc. (Nasdaq: XWEL) (“XWELL” or the “Company”), a pioneer in science-proven, accessible wellness, today reported results for the first quarter ended March 31, 2025. With a growing portfolio of in-airport and off-airport wellness brands, XWELL continues to redefine what wellness access looks like –connecting high-impact, science-backed care to everyday consumers wherever they are. From leading the nation’s biosecurity response to building tech-forward wellness spaces in transportation hubs and neighborhoods alike, XWELL is extending wellness beyond the elite and into real life.

    Operating Highlights:

    • Reported first quarter 2025 revenue of $7.0 million.
    • The Company continues its focus on returning to overall profitability. For the first quarter ended March 31, 2025:
      • Total cost of sales decreased approximately 6% from the 2024 first quarter.
      • Total operating expenses decreased approximately 11% from the 2024 first quarter.
    • Secured a three-year extension of its Traveler-based Genomic Surveillance Program in partnership with the Centers for Disease Control and Prevention (the “CDC”).
    • Successfully closed a private placement in January 2025, comprising of the Company’s Series G Convertible Preferred Stock and Series Warrants for aggregate gross proceeds of approximately $4 million before deducting offering expenses payable by the Company.

    “XWELL began 2025 with strong momentum,” commented Ezra Ernst, Chief Executive Officer of XWELL. “With our renewed CDC partnership, continued discipline in operations, and a clear growth plan in wellness and beauty, we believe we are expanding what accessible wellness looks like — anchored in science, backed by biosurveillance, and designed for everyday life.”

    Liberating Wellness, Inside and Outside Airports

    XWELL’s multi-brand strategy is designed to unify wellness experiences under a single, accessible platform — from express treatments in airport terminals to full-service spas in communities.

    In March 2025, the Company announced plans to acquire select medical spas in high-demand metropolitan areas, including Orlando, Dallas and Salt Lake City, extending its presence beyond travel hubs and into the everyday wellness routines of consumers.

    “Our vision is a seamless continuum of care,” added Ernst. “From biometric screenings at the airport to advanced skin and body treatments on Main Street, we believe that we are democratizing access to trusted, science-proven wellness.”

    Science-Proven Wellness, Real-World Impact

    Through XpresCheck and HyperPointe, XWELL continues to operate at the frontlines of biosurveillance and digital healthcare infrastructure.

    In March 2025, XWELL secured a three-year extension of its Traveler-based Genomic Surveillance Program (“TGS”), operated with CDC and Ginkgo Bioworks Holdings. The TGS program, which has been supported by the CDC under contract number 75D30125C20439, provides early detection of emerging pathogens, safeguarding national health through airport-based biosurveillance in eight major hubs.

    XpresCheck and HyperPointe, which helped power national COVID-19 testing and reporting during the pandemic, now serve as the operational and technological core of this next phase of strategic, science-driven wellness program.

    Expanding the XWELL Ecosystem

    XpresSpa® remains the airport wellness category leader, operating 28 locations across major U.S. and international airports. Each are being upgraded to reflect XWELL’s science-driven approach to wellness, offering premium wellness tech, retail, and self-care services. XWELL is actively broadening its retail product portfolio to feature a range of cutting-edge wellness offerings. These offerings include state-of-the-art wellness devices, nutritional supplements, and innovative wellness patches — each designed to support holistic health and cater to the evolving needs of today’s wellness-conscious consumers.

    Naples Wax Center®, the Company’s first off-airport brand, operates a group of upscale hair removal locations with core products and service offerings from face and body waxing to a range of skincare and cosmetic products. In December 2024, the Company announced the planned opening of a new Naples Wax location in Estero, Florida, and is pursuing plans to open an additional 6 locations across Florida during 2025.

    Consistent with XWELL’s strategy to extend its footprint into transportation hubs, the Company expects to open an XWELL location in New York City’s Penn Station in mid-2025. The tech-forward spa is being designed to serve commuters and tourists with quick-access, self-led wellness services in a high-traffic urban setting.

    Liquidity and Financial Condition

    As of March 31, 2025, the Company had approximately $3.7 million of cash and cash equivalents (excluding restricted cash), approximately $7.3 million in marketable securities, total current assets of approximately $14.8 million, and no long-term debt.

    In January 2025, the Company announced the closing of its private placement offering the Company’s newly designated Series G Convertible Preferred Stock and Series Warrants. The aggregate gross proceeds of the private placement were approximately $4.0 million, before deducting offering expenses payable by the Company.

    Summary First Quarter 2025 Financial Results

    Total Revenue

    Total revenue for the first quarter ended March 31, 2025, was approximately $7.0 million compared to approximately $8.7 million for the 2024 first quarter. The decrease in revenue was primarily driven by lower XpresTest revenue and XpresSpa revenue offset by Priority Pass revenue, which is a new revenue stream for the three months ended March 31, 2025.

    Revenue for the first quarter ended March 31, 2025, primarily consisted of approximately $4.3 million from XpresSpa locations and approximately $2.2 million from XpresTest, which includes XWELL’s bio-surveillance partnership and its HyperPointe business. Naples Wax Center accounted for approximately $552,000 of revenue.

    The Company noted that revenue from the CDC bio-surveillance program in the first quarter of 2025 was lower than anticipated due to timing of the extension. Revenue is expected to be made up in subsequent quarters.

    Total Cost of Sales

    Total cost of sales for the first quarter ended March 31, 2025, was approximately $5.7 million, compared to approximately $6.1 million for the 2024 first quarter.

    General and Administrative Expenses

    General and administrative expenses for the first quarter ended March 31, 2025, were approximately $4.3 million, compared to approximately $4.2 million for the 2024 first quarter. The increase was primarily due to the increase in accounting, legal and public company costs for the 2025 first quarter.

    Total Operating Expenses

    Total operating expenses for the first quarter ended March 31, 2025, were approximately $4.5 million, compared to approximately $5.1 million for the 2024 first quarter.

    Operating Loss

    Operating loss for the first quarter ended March 31, 2025, was approximately $3.2 million, compared to approximately $2.4 million for the 2024 first quarter.

    Net Loss Attributable to XWELL

    Net loss attributable to XWELL for the first quarter ended March 31, 2025, was approximately $4.7 million, compared to approximately $2.5 million for the 2024 first quarter.

    The Company noted that it incurred higher than normal one-time expenses during the first quarter of 2025, primarily related to accounting, seasonal costs, and other non-recurring items.

    Investor Conference Call

    The Company intends to host an investor conference call and webcast in the next several weeks to highlight updates on growth initiatives and forthcoming programs. Additional details will be provided approximately one week prior to the event.

    About XWELL, Inc.   

    XWELL, Inc. (Nasdaq: XWEL) is a global wellness company on a mission to liberate science-proven wellness for all. Through a portfolio of brands that include XpresSpa®, Treat®, Naples Wax Center®, XpresCheck®, and HyperPointe™, XWELL delivers accessible, real-world wellness across travel, retail, and clinical settings.
     
    For more information on XWELL’s offerings, visit www.XWELL.com. 

    Forward-Looking Statements  

    This press release may contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” or the negative of such terms, or other comparable terminology. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements. Forward-looking statements relating to expectations about future results or events are based upon information available to XWELL as of the date of this press release, and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. Additional information concerning these and other risks is contained in the Company’s Annual Report on Form 10-K, as amended, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and other Securities and Exchange Commission filings. All subsequent written and oral forward-looking statements concerning XWELL, or other matters and attributable to XWELL or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. XWELL does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.   

    Media
    Heather Tidwell
    MWW
    htidwell@mww.com

    The MIL Network –

    May 21, 2025

  • MIL-OSI Video: Secretary Rubio testifies before the Senate Committee

    Source: United States of America – Department of State (video statements)

    Secretary of State Marco A. Rubio testifies before the Senate Committee on Appropriations, Subcommittee on State, Foreign Operations, and Related Programs on the FY26 Department of State Budget Request on Capitol Hill, on May 20, 2025.

    ———-
    Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.

    The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.

    Get updates from the U.S. Department of State at www.state.gov and on social media!
    Facebook: https://www.facebook.com/statedept
    X: https://x.com/StateDept
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    Substack: https://statedept.substack.com

    Watch on-demand State Department videos: https://video.state.gov/
    Subscribe to The Week at State e-newsletter: https://public.govdelivery.com/accounts/USSTATEBPA/signup/32562

    State Department website: https://www.state.gov/
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    White House website: https://www.whitehouse.gov/
    Terms of Use: https://state.gov/tou

    #StateDepartment #DepartmentofState #Diplomacy

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

    MIL OSI Video –

    May 21, 2025

  • MIL-OSI USA: Congresswoman Marjorie Taylor Greene Reintroduces the Protect Children’s Innocence Act in the 119th Congress

    Source: United States House of Representatives – Congresswoman Marjorie Taylor Greene (GA, 14)

    Congresswoman Marjorie Taylor Greene has reintroduced her landmark legislation, the Protect Children’s Innocence Act, a bold step to end the barbaric practice of so-called “gender-affirming care” for minors. This legislation, now designated as H.R. 3492, criminalizes genital mutilation, chemical castration, and all sex-change procedures performed on children.

    The Protect Children’s Innocence Act strengthens and codifies President Donald J. Trump’s executive order banning gender transition procedures for minors. Together, this legislation and the President’s action send a clear message: the federal government will no longer tolerate the abuse and exploitation of children by the radical gender ideology of the Left.

    “Left-wing activists and medical institutions are targeting America’s children with dangerous drugs, disfiguring surgeries, and permanent sterilization,” said Congresswoman Greene. “My bill stops the mutilation of kids and holds those responsible for performing or facilitating these barbaric procedures accountable.”

    The bill is scheduled to be marked up in the House Judiciary Committee at 10 AM tomorrow, a critical step toward bringing it to the House floor for a vote.

    When Congresswoman Greene first introduced this bill in 2022, she was joined by Chloe Cole, a courageous young woman who began “gender-affirming care” at age 13 and underwent a double mastectomy at 15. Chloe detransitioned at 16 and is now a vocal advocate for protecting vulnerable youth from irreversible harm. Watch Chloe’s powerful testimony here.

    What the Protect Children’s Innocence Act Does:

    • Criminalizes any attempt to perform or facilitate genital or bodily mutilation or chemical castration on a minor, with up to 10 years in federal prison and/or a significant fine.
    • Bans all puberty blockers and cross-sex hormone treatments for children.
    • Provides no exemption for mental health disorders as justification for these procedures.
    • Defines “chemical castration” and “genital or bodily mutilation” with detailed legal clarity.
    • Exempts children born with certain rare genetic conditions, or who are experiencing medical emergencies as certified by a physician.

    Cosponsors in the 119th Congress include: Crane, Finstad, Luna, Bice, Mary Miller, Crenshaw, McGuire, Kustoff, Biggs, Burlison, Tenney, Higgins, Brecheen, Nehls, Weber, Harris, Grothman, Hern, Collins, Ogles, Babin, Clyde, De La Cruz, Hageman, Owens, Palmer, Timmons, Norman, Max Miller, Steube, Jackson, Riley Moore, Comer, Gill, Baird, McDowell, Harshbarger, and Gooden.

    Supporting organizations include the American Principles Project, Citizens for Renewing America, CPAC, Gays Against Groomers, Independent Women, and Moms for Liberty.

    Read the full bill text here.

    Watch Chloe Cole’s testimony here.

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: Ciscomani Questions VA Secretary Doug Collins about the Need to Strengthen Veteran Suicide Prevention Efforts and Prioritize Survivor’s Assistance within the VA

    Source: United States House of Representatives – Congressman Juan Ciscomani (Arizona)

    WASHINGTON, D.C. — U.S. Congressman Juan Ciscomani, who represents nearly 80,000 veterans in Arizona’s 6th Congressional District, questioned Department of Veterans Affairs (VA) Secretary Doug Collins during an oversight hearing about the VA’s preliminary requested budget. 

    During the hearing, Ciscomani urged Secretary Collins to provide greater clarity about the status of Arizona’s Be Connected Program which aims to address suicide rates among Arizona’s veteran population.  

    Created in 2017, the Be Connected program finds ways for the VA to better partner with local stakeholders to prevent veteran suicide by providing resources, care, career navigation advice, connection coaching, financial assistance and more. This public-private partnership has been nationally recognized for its exceptional cross-sector collaboration and partnership to address the complex issue of suicide prevention.  

    The need for Be Connected arose after a troubling spike in veteran suicide rates between 2015-2016 following a scandal at the Phoenix VA, which was 3-4 times higher than the general population and nearly double the national rate for veterans. In his time in Congress, Ciscomani has repeatedly met with local stakeholders, his Veteran Advisory Council, the veteran community at large, and VA Secretaries from both the Biden and Trump administrations to find ways to reduce suicide rates and support our veterans. In January 2025, Ciscomani sent a letter to the VA advocating for the continued support of this critical program. 
    The congressman also praised Secretary Collins for moving the Office of Survivors Assistance (OSA) back within the Office of the VA Secretary, which is exactly what Ciscomani’s legislation, the Prioritizing Veterans’ Survivors Act (H.R. 1228), did. This ensures that surviving families of veterans receive the benefits and support they were promised and provide them a direct line to the Secretary, so their needs and concerns are prioritized program-wide at the very top of the VA. This legislation previously passed the House of Representatives on April 9, 2025 with unanimous support. 
    You can find the congressman’s entire line of questioning here. 

    ###

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI United Kingdom: The UK continues to call on North Korea to end grave human rights violations: UK statement at the UN General Assembly

    Source: United Kingdom – Executive Government & Departments

    Speech

    The UK continues to call on North Korea to end grave human rights violations: UK statement at the UN General Assembly

    Statement by Archie Young, UK Ambassador to the UN General Assembly, at the UN General Assembly meeting on Human Rights Abuses and Violations in North Korea.

    I thank the briefers for their brave testimonies and tireless advocacy. It is essential that we continue to shine a light on the grave human rights situation in the DPRK, about which the UK remains deeply concerned.

    Human rights abuses against North Koreans remain widespread and systematic. Those who perpetrate these abuses remain unaccountable.

    The regime refuses to acknowledge or act on the 2014 Commission of Inquiry report, which illustrates the multiple human rights violations committed in DPRK. 

    And the DPRK has repeatedly rejected UN resolutions which set out the many concerns shared by the international community, including the operation of prison camps and forced labour, violations of freedom of religion or belief and women’s rights.

    North Koreans are denied freedom of movement, and many workers are sent overseas, often into modern slavery. 

    We urge the DPRK to cease these practices without delay.

    Those wishing to leave do so clandestinely, at huge personal risk. We call on all Members to respect the principle of non-refoulement and not return escapees to DPRK.

    On 7 November last year, the UK issued several recommendations to the DPRK as part of the Universal Periodic Review process, including ratifying the UN Convention against Torture and to reform the judicial system to ensure respect for the right to a fair trial. 

    We are pleased that the DPRK engaged with the Universal Periodic Review in November and encourage them to implement recommendations. 

    We need DPRK to make real and lasting change for the people of the DPRK.

    We have repeatedly made it clear that the primary cause of the DPRK’s humanitarian and food crisis is their continued development of their illegal weapons programme, representing multiple breaches of Security Council resolutions. 

    Indeed, we have heard clearly today also the links between the human rights situation in DPRK and their support for Russia in its brutal war of aggression against Ukraine in brazen disregard towards UN sanctions. 

    We condemn these and call on the DPRK to prioritise the well-being of the people in North Korea.

    We strongly encourage the DPRK to grant access to the Special Rapporteur on the situation on human rights in the DPRK and accept technical cooperation from UN human rights mechanisms, and to enable the return of UN agencies, to ensure help reaches those who are most vulnerable.

    The UK continues to call on DPRK to engage in meaningful diplomacy and accept offers of dialogue. 

    We believe diplomacy and negotiations are the best way to secure peace and stability and improve the lives of all North Koreans.

    Updates to this page

    Published 20 May 2025

    MIL OSI United Kingdom –

    May 21, 2025

  • MIL-OSI USA: 10 consejos para abogar por sí mismo de la conferencia Breaking Barriers

    Source: US State of Oregon

    iembros de la comunidad de personas con discapacidades intelectuales y del desarrollo (I/DD) de Oregon se reunieron a finales de abril en la conferencia Breaking Barriers: Life Beyond Labels (Rompiendo Barreras: La Vida Más Allá de las Etiquetas). La Red de Apoyo a las Personas con Discapacidades de Oregon Central (CODSN, por sus siglas en inglés) organiza este evento anual en Redmond. La directora ejecutiva de la red, Dianna Hansen, afirmó: “Es importante que las familias, las personas con discapacidades, los proveedores de servicios y los educadores nos reunamos y aprendamos unos de otros”.

    Fui a la conferencia con compañeros de trabajo del Programa para Discapacidades Intelectuales y del Desarrollo (ODDS, por sus siglas en inglés). En la conferencia, disfrutamos de las presentaciones de 58 ponentes, que incluían personas que abogan por sí mismas, familiares, profesionales de la atención y otros aliados de la comunidad de personas con I/DD. Todos ellos compartieron sus experiencias en 32 sesiones. Setenta y cinco expositores mostraron sus productos en mesas de exposición. Doce de los expositores eran personas que abogan por sí mismas que vendían sus obras de arte.

    Hansen dijo que el evento alcanzó su capacidad máxima: ¡600 asistentes! Las cuatro palabras más utilizadas por los asistentes en sus evaluaciones para describir su experiencia fueron: motivados, conectados, emocionados e inspirados. Si desea asistir el año que viene, apunte la fecha: 21 de abril del 2026.

    Aquí hay 10 puntos clave de la conferencia:

    1. Las palabras importan.

    Ramonda Olaloye es la asistente del superintendente de la Oficina de Mejora de las Oportunidades Estudiantiles (Office of Enhancing Student Opportunities, OESO) del Departamento de Educación de Oregon. Ella abrió la conferencia con un discurso. Olaloye trabaja para crear un sistema educativo en el que todos los niños alcancen su máximo potencial.

    Olaloye habló sobre algunos retos del sistema de servicios para personas con I/DD. Ella tiene dos hijas. La menor tiene autismo. Un día, en la escuela, una maestra le preguntó: “¿Por qué no puedes ser como tu hermana mayor?”. Después de eso, Olaloye notó que su hija alteró su comportamiento en la escuela. Olaloye, quien se describe a sí misma como una “defensora feroz” de sus hijas, habló con la maestra. Reflexionando sobre esta experiencia, dijo:

    “Los educadores moldean las experiencias con sus palabras. Porque sus palabras — nuestras palabras — tienen peso. Nuestros hijos merecen ser reconocidos como individuos, no comparados ni menospreciados. Romper barreras significa cuestionar nuestra forma de comunicarnos, nuestras suposiciones y los sistemas que defendemos. Y eso empieza por ver a cada niño tal y como es, no como esperamos que sea”.

    2. Asume que todas las personas que conoces son competentes.

    Hansen me contó una experiencia similar. Su hija tiene síndrome de Down. Cuando salen a un restaurante, los meseros suelen ignorar a su hija y le preguntan a Hansen: “¿Qué quiere ella?”

    Su hija es estudiante de segundo año de gastronomía. Ella misma se cocina sus comidas. Se graduó de la escuela preparatoria con honores.

    La gente suele asumir que las personas con discapacidad intelectual o del desarrollo no pueden hablar por sí mismas. Hansen anima a todo el mundo a asumir que las personas son competentes. Este es uno de los principales valores que espera que la gente haya aprendido en la conferencia: “Dar esa dignidad a las personas — que son capaces de responder y tomar sus propias decisiones”.

    3. Olvidar el significado tradicional de independencia.

    La ponente principal, Alva Gardner, sugirió a los asistentes que reflexionaran con respecto a su concepto de independencia. “La independencia no siempre significa hacer todo por uno mismo”, afirmó. “Como sistema, debemos dejar de lado esa definición tradicional de independencia. Nadie vive una vida 100 % independiente de los demás el 100 % del tiempo. Todos dependemos de alguien de alguna manera a lo largo de nuestra vida”.

    Gardner se dedica a dar conferencias desde los 8 años. Dirige su propia empresa, The 4*3 Perspective LLC (enlace en inglés). Trabaja con organizaciones para llevar a cabo cambios sistémicos que apoyen a todas las personas, especialmente a aquellas con discapacidad. Fue la primera persona con una discapacidad del desarrollo en convertirse en instructora certificada en pensamiento centrado en la persona (PCT, por sus siglas en inglés).

    Gardner tiene parálisis cerebral. Habló sobre los apoyos que recibe. Trabaja con asistentes personales que le brindan el 100% de su cuidado personal. Los apoyos que utiliza le dan la libertad para hacer su vida diaria, cuidar a su familia y manejar su negocio. Preguntó a los asistentes qué tipo de apoyos utilizan en sus vidas: servicios de peluquería, transporte, cuidado de niños, visitas al médico, etc. A continuación, redefinió el concepto de independencia.

    “La independencia proviene de llevar una vida dirigida por uno mismo y utilizar los apoyos disponibles para lograrlo”, dijo. “En los cursos de capacitación sobre el enfoque centrado en la persona, pedimos a los participantes que identifiquen qué es importante para ellos y cómo desean recibir el mejor apoyo, y que sean muy específicos sobre cómo definen los apoyos para sí mismos. Como sistema, cuando se adopta un enfoque verdaderamente centrado en la persona, creo que debemos empezar por ser conscientes de cómo definen las personas la independencia para sí mismas. ¿Cómo es y qué significa la independencia para esa persona?”.

    4. Enseñar a abogar por uno mismo desde una edad temprana.

    Ambos ponentes principales animaron a los padres a enseñar a sus hijos a ser independientes y a abogar por sí mismos.

    Olaloye le asignó a su hija roles apropiados para su edad en sus reuniones de Planificación de Apoyo Individual (ISP, por sus siglas en inglés). Esta es una reunión en la que las personas planifican sus servicios y apoyos cada año. En la escuela primaria, su hija participó en una conversación sobre el paso de la enseñanza individualizada a un salón de clases en el que un asistente ayudaba a toda la clase. Olaloye ha estado utilizando el proceso ISP para ayudar a su hija a aprender a expresar sus necesidades. A medida que su hija ha ido creciendo, le ha dado un papel más importante en las reuniones del ISP. Ahora, en segundo año de preparatoria, la hija de Olaloye está preparada para manejar sus propios apoyos cuando vaya a la universidad.

    5. Hacer que abogar por usted mismo sea más fácil. Para ello, es necesario prepararse.

    Gardner habló sobre el reto que significa abogar por uno mismo constantemente: “Tener que compartir nuestras preferencias con todos los diferentes profesionales de apoyo directo, administradores de casos, asistentes de cuidado personal, etc., que entran y salen de nuestras vidas… Es increíblemente agotador y, francamente, aburrido. No quiero tener que repetir lo mismo una y otra vez. Tengo cosas mejores que hacer”.

    Una de las formas en que ella aliviana esta carga es creando descripciones de una página para cada aspecto de su vida. Tiene versiones diferentes para su hogar, su trabajo y otras situaciones. En ellas, describe los apoyos que necesita y que prefiere, y lo que es importante para ella sobre ese aspecto de su vida. Ella dice que hacer esto “es especialmente importante cuando está aprendiendo cuáles son esas preferencias y deseos y cómo comunicarlos por primera vez”. Recomienda actualizar esta información al ir cambiando sus necesidades.

    6. Utilizar la nueva Guía de Autodefensa para los Servicios de Discapacidades Intelectuales y del Desarrollo (I/DD) para ayudarle a planificar sus servicios.

    ODDS y la Coalición de Autodefensa de Oregon (Oregon Self-Advocacy Coalition, OSAC por sus siglas en inglés) compartieron una nueva herramienta: la Guía de Autodefensa para los Servicios de Discapacidades Intelectuales y del Desarrollo. La crearon para que la planificación sea más fácil.

    La guía es un libro de trabajo. Guía a las personas que abogan por sí mismas a través del proceso de planificación de servicios. Hace preguntas para ayudar a las personas a comunicar sus deseos, sus necesidades y sus objetivos. Ayuda a las personas a ser los líderes de su planificación de servicios.

    La directora ejecutiva de OSAC, Gabrielle Guedon, se refirió al proceso de planificación: “Se trata de pensar en lo que realmente quiere o no quiere en su vida. Estamos cambiando todo el tiempo. Cada año usted tiene una oportunidad para cambiar. Sé que es un proceso difícil por el cual tenemos que pasar pero hay oportunidades para incluir lo que quiere y lo que no quiere. Sea honesto y sea claro.”

    Puede encontrar la guía en el sitio web de ODDS. La puede descargar. Está disponible en varios idiomas. Los padres, los parientes y los administradores de casos también pueden utilizar la guía para mejorar su apoyo para las personas que abogan por sí mismas.

    7. No dejar que los “bullies” lo detengan para buscar lograr sus metas y sueños.

    Felicity Woods, una persona que aboga por sí misma y que es miembro de la junta directiva de la CODSN, también habló sobre la Guía de Autodefensa. Woods compartió cómo algunas personas en su escuela no entendían bien la discapacidad. Ella, al igual que muchos niños con discapacidades intelectuales y del desarrollo (I/DD), sufrió “bullying” en la escuela primaria. Dijo que aprender a compartir nuestra historia – los éxitos y las barreras que uno enfrenta – es una parte importante de abogar por uno mismo. Ella anima a las personas a utilizar la Guía de Autodefensa.

    “Quiero hacer mis propias elecciones y decisiones sobre lo que yo quiero,” Woods dijo. “Depende de ti y de mí, como individuos, elegir lo que queremos.”

    Hablando de los “bullies”, Guedon agregó, “No dejes que una mala experiencia te detenga. Haz que te motive.”

    8. Ayudar a organizar a otras personas que abogan por sí mismas.

    Felicity Woods y Jordan Ohlde son miembros de High Desert Self Advocacy (la Autodefensa de High Desert). Este es un grupo de pares de las personas que abogan por sí mismas en el área de Bend/Redmond. Ellos presentaron “Creciendo con Fortaleza y Listos para Prosperar”. Ryley Newport, un empleado del ODDS, se les unió. Hablaron sobre cómo ampliar y fortalecer la autodefensa. Para lograr esto, High Desert Self Advocacy creó un plan de Planificación de un Mañana Alternativo con Esperanza (Planning Alternative Tomorrows with Hope, PATH por sus siglas en inglés – enlace en inglés).

    PATH es una herramienta para la planificación creativa. Dos facilitadores capacitados de ODDS guiaron al grupo a través del proceso de PATH. Utilizaron los gráficos y la discusión para ayudar al grupo a visualizar su futuro. Luego, iniciando desde esa visión, trabajaron hacia atrás para crear un plan que los ayudara a alcanzar sus metas.

    Como resultado, High Desert Self Advocacy habló en Rompiendo Barreras. También estarán en la capital del Estado de Oregon el 12 de junio para abogar por los derechos de las personas con discapacidades. Tendrán una presentación en la Convención de Autodefensa de The Arc Oregon (enlace en inglés) esa misma semana.

    Woods y Ohlde animaron a las personas que abogan por sí mismas a comunicarse con ellos en High Desert Self Advocacy. Quieren ayudar a sus pares a formar grupos de autodefensa en todo el estado. Conéctese con ellos a través de su página de Facebook (enlace en inglés).

    9. Ser un ejemplo de accesibilidad.

    CODSN fue un ejemplo de accesibilidad en la conferencia. Hansen dijo que CODSN hizo que la conferencia fuera accesible para las personas de todos los niveles económicos. CODSN les dio becas a 176 personas que abogan por sí mismas y a 130 familias. También hicieron que el lugar fuera físicamente accesible para todos. Una habitación sensorial les dio a las personas un espacio libre del ruido y de la gente. Una habitación para cambiarse les dio a los asistentes un lugar privado para sus cuidados personales.

    La conferencia también fue un ejemplo de cómo brindarle acceso al idioma a las personas que hablan español. Los intérpretes Isabel Ramirez y Joy Christian, un equipo de Grapevine Aliados, brindaron interpretación en español y en inglés para las últimas tres conferencias. Dijeron que la conferencia ofrece una serie completa de sesiones en español. Los asistentes pueden inscribirse en el programa en español cuando se registran. También pueden pedir la interpretación en español para las sesiones en inglés.

    10. La autodefensa nunca se detiene.

    El autodefensor Jordan Ohlde fue una de las ocho personas que demandaron al Departamento de Transporte de Oregon. Querían que un cruce peatonal en su vecindario fuera accesible para todos, incluyendo las personas que utilizan silla de ruedas. Les tomó tiempo y perseverancia, pero al final, ganaron. Ahora, la calle es accesible para todos.

    “La autodefensa no se detiene. Siempre hay un lugar nuevo dónde iniciar o un camino nuevo para tomar. Su trabajo nunca termina,” Ohlde dijo. “A muchos niños se les dice que su voz no importa cuando, realmente, su voz sí importa. Solamente tiene que descubrir por qué es importante para usted.”

    Próximas conferencias sobre la autodefensa en Oregon

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: Action Taken on Legislation by Governor Phil Scott – May 20, 2025

    Source: US State of Vermont

    Montpelier, Vt. – Governor Phil Scott announced action on the following bill, passed by the General Assembly.

    On May 20, Governor Scott signed a bill of the following title:

    • H.27, An act relating to the Domestic Violence Fatality Review Commission

    To view a complete list of action on bills passed during the 2025 legislative session, click here.

    ###

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI Security: Eurojust ensures authorities receive critical information on new undetectable devices used in prisons

    Source: Eurojust

    20 May 2025|

    French authorities took action in 66 prisons across the country against a new type of device that prisoners are using to communicate with the outside world and continue their criminal activities. Following findings by the prosecutor of the Judicial Court of Paris JUNALCO that these devices are being sold worldwide, Eurojust ensured that critical information on the devices was transmitted to the Agency’s National Desks and Liaison Prosecutors. Authorities can now use this information to investigate whether the devices are being used in their own countries.

    Investigators uncovered a device that was being sold worldwide through online marketplaces and could bypass security gates undetected. The device is small, has few metal parts and has specific settings that make it easy to hide from security checks. French investigators estimate that around 5 000 devices were being used in French prisons for criminal activities such as drug trafficking, homicide and money laundering.

    During operation Prison Break in France in the early hours of 20 May, nearly 500 cells were searched across the country. Authorities were able to target all 5 000 devices active and take down the market website selling the phones. After concluding the actions in France, the prosecutor ensured that crucial information and technical specifications of the devices were shared with authorities across Europe and beyond. The information was transmitted to all the National Desks and Liaison Prosecutors at Eurojust. They can now share it with their national authorities, who can determine whether the devices are being used in their prisons.

    If you are a national authority from a country without a Liaison Prosecutor and would like to receive the information transmitted today, please contact the French Desk at Eurojust.

    The following authorities carried out the operation in France:

    • Public Prosecutor’s Office J3 (cybercrime Unit); BL2C – PJPP (Cybercrime unit Préfecture de Police); Gendarmerie National

    MIL Security OSI –

    May 21, 2025

  • MIL-OSI: HTTPeak Launches “Lazy Admin,” an AI Solution That Saves Costs and Staff Hours, empowering business users with data insights and analysis in seconds, all via natural language

    Source: GlobeNewswire (MIL-OSI)

    HTTPeak introduces Lazy Admin, an AI-powered tool for Salesforce, enabling users to generate insights in seconds using natural language. This solution streamlines business operations, enhancing efficiency and decision-making, and positions HTTPeak as an emerging force in AI-driven business solutions.

    Photo Courtesy of Mustafa Parekh

    NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) — HTTPeak, a thriving software company, has recently introduced Lazy Admin, an advanced yet simple AI-powered reporting and data analysis tool designed for Salesforce and custom applications. This cutting-edge solution helps users to generate reports and insights in seconds using natural language, significantly reducing the time and effort required for data insights and getting deeper analysis.

    This solution delivers a wide range of benefits designed to drive efficiency and smarter decision-making across the organization. It helps businesses save on costs and staff hours, while delivering faster insights—enabling teams to know more in less time. Users can explore the same data from multiple perspectives within seconds, empowering them to make informed decisions with confidence.

    With built-in data protection, seamless integration capabilities with external databases beyond Salesforce, and the ability to offer API access for partner apps, the solution not only strengthens internal operations but also extends its value across the tech ecosystem. Its intuitive interface makes it a cakewalk for everyone, regardless of technical expertise. Additionally, it can be trained to understand company-specific language and workflows, acting as a personalized data assistant—offering the power of a dedicated staff member at a fraction of the cost.

    HTTPeak’s launch of Lazy Admin marks a significant milestone in the company’s mission to streamline business operations through AI-driven solutions. Mustafa Parekh, Founder of HTTPeak, notes, “Our goal with Lazy Admin is to democratize access to data insights, making it possible for anyone in the organization to analyze and understand their data without needing extensive technical expertise.”

    This approach aligns with the growing trend of AI adoption in business operations, where companies increasingly seek to leverage technology to enhance efficiency and decision-making.

    Lazy Admin is built on advanced algorithms that comprehend human language, allowing users to fetch reports and data insights quickly and efficiently. It not only organizes the data, but also helps to understand it much clearer by using a variety of visual charts. The tool supports both standard and custom Salesforce objects, enabling users to search data from leads, contacts, accounts, opportunities, and more. With the capability to get trained on the organization’s internal acronyms and business language, it enhances user interactions to feel more conversational, enabling an even more seamless and human-like experience for business users.

    For example, businesses can use Lazy Admin to analyze revenue segmented by stages or months or track cases closed by weeks, providing actionable insights that inform strategic decisions. The AI-powered Data Talk feature further enhances the analysis process by providing strategic recommendations and key takeaways, such as highlighting both strengths and areas for improvement, providing a clear understanding of current performance and future potential.

    It analyzes the overall trajectory of the business or dataset, offering strategic recommendations to optimize outcomes. Beyond just what’s visible in the data, it also considers external contributing factors—those not directly present in the dataset but highly relevant to the industry context and nature of the information. As a result, the insights generated support more effective, data-informed decision-making across the organization.

    In 2024, the software industry experienced significant growth driven by AI and cloud technologies. As businesses increasingly adopt AI solutions to enhance operational efficiency, tools like Lazy Admin are about to play a critical role. Mustafa Parekh emphasizes, “The integration of AI into business operations is not just about technology; it’s about empowering leaders with the insights they need to drive growth and innovation.” This integration is particularly important in today’s business environment, where timely and accurate data analysis can differentiate between success and stagnation.

    Lazy Admin offers a range of subscription options through quote-based pricing tailored to each organization’s unique needs. With features like inline record editing, custom object support, and premium customer service, the tool is designed to be both cost-effective and scalable. As adoption grows, the team remains focused on turning strong interest into long-term customer relationships.

    As the demand for AI-powered solutions continues to rise, HTTPeak is well positioned to capitalize on this trend. Mustafa Parekh adds, “We are committed to continuously improving Lazy Admin, ensuring it remains at the forefront of AI innovation in the Salesforce ecosystem.” This commitment to innovation is crucial in a dynamic market, where staying ahead of technological advancements is key to maintaining competitive advantage.

    Businesses interested in Lazy Admin can initiate the onboarding process through Salesforce AppExchange. Rather than a simple self-installation, the Lazy Admin team works closely with each organization to ensure a smooth and impactful implementation. This guided approach reflects our belief that businesses benefit from tailored support when adopting AI solutions. With the dynamic pricing customized to meet specific needs and usage patterns, Lazy Admin empowers organizations to maximize their Salesforce investment through seamless integration and powerful data analysis—without requiring deep technical expertise.

    Visit the Lazy Admin Website to learn how this innovative solution can transform your business operations.

    About HTTPeak
    HTTPeak is a software company that develops innovative AI-powered solutions for business operations. With Lazy Admin, HTTPeak aims to revolutionize data analysis and reporting, making it accessible and efficient for businesses worldwide. The company’s focus on AI-driven tools reflects its commitment to empowering businesses with cutting-edge technology that enhances productivity and decision-making.

    Contact information:

    Mustafa Parekh
    Founder, HTTPeak
    lazyadmin@httpeak.com
    https://lazyadmin.httpeak.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/00a67c9c-e353-4381-b8df-4c7b2b7c1807

    The MIL Network –

    May 21, 2025

  • MIL-OSI: Unifiedpost Group rebrands to Banqup Group, reinforcing its position as a pure-play SaaS provider

    Source: GlobeNewswire (MIL-OSI)

    Press Release – Regulated Information

    Unifiedpost Group rebrands to Banqup Group, reinforcing its position as a pure-play SaaS provider

    La Hulpe, Belgium – 20 May 2025, 22:00 CET – REGULATED INFORMATION – Banqup Group SA, formerly Unifiedpost Group SA, (Euronext: UPG) (Banqup, Company), a leading provider of integrated business communications solutions, held an Extraordinary General Meeting (EGM) and Annual General Meeting (AGM).

    The shareholders approved all proposed resolutions (here), including:

    EGM:  Strategic rebranding from Unifiedpost Group SA to Banqup Group SA across the Group. This further underpins our focus on core digital services and aligns our business as a pure-play SaaS provider. The rebranding offers our stakeholders a clear understanding of our product and value proposition, reinforcing our commitment to growth in e-invoicing and payment solutions.

    AGM: Enhanced governance with the approval of the updated remuneration policy and  the appointment of four new Board members:

    • Nicolas de Beco, representing Beco Global Consulting LLC, as executive director
    • Nathalie Van Den Haute, representing Quilaudem BV,  as non-executive director
    • Koen Hoffman, representing Ahok BV, as an independent director
    • Leanne Kemp as an independent director

    The minutes, voting results and presentation of the AGM will be available on the shareholder page (here) in the
    coming days.

    Financial Calendar:

    • 22 May 2025: Publication of the Q1 2025 business update
    • 26 August 2025: Publication of the H1 2025 results (webcast)
    • 13 November 2025: Publication of the Q3 2025 business update

    Contact
    Alex Nicoll
    Investor Relations
    Banqup Group
    alex.nicoll@unifiedpost.com

      

    About Banqup Group

    Banqup Group delivers integrated cloud-based SaaS solutions to streamline business transactions across the entire lifecycle, from e-invoicing and e-payments to tax reporting. Banqup, our solution for businesses, unifies purchase-to-pay, order-to-cash, e-invoicing compliance, and e-payments into one secure platform, removing the complexity of juggling disconnected tools. eFaktura World, our solution for governments, is a comprehensive digital platform designed for tax administrations to implement e-invoicing and streamline both B2G and B2B tax reporting flows. To learn more about Banqup Group and our solutions, please visit our website: Unifiedpost Group | Global leaders in digital solutions

    Cautionary note regarding forward-looking statements: The statements contained herein may include prospects, statements of future expectations, opinions, and other forward-looking statements in relation to the expected future performance of Banqup Group and the markets in which it is active. Such forward-looking statements are based on management’s current views and assumptions regarding future events. By nature, they involve known and unknown risks, uncertainties, and other factors that appear justified at the time at which they are made but may not turn out to be accurate. Actual results, performance or events may, therefore, differ materially from those expressed or implied in such forward-looking statements. Except as required by applicable law, Banqup Group does not undertake any obligation to update, clarify or correct any forward-looking statements contained in this press release in light of new information, future events or otherwise and disclaims any liability in respect hereto. The reader is cautioned not to place undue reliance on forward-looking statements.

     

    Attachment

    • Press release

    The MIL Network –

    May 21, 2025

  • MIL-OSI: Currenc Group Inc. Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 20, 2025 (GLOBE NEWSWIRE) — Currenc Group Inc. (Nasdaq: CURR) (“Currenc” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced its financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 Financial Highlights

    • Total Processing Value (TPV) through Tranglo was US$1.30 billion for the first quarter of 2025, decreasing by 3.7% year-over-year. Total number of transactions decreased to 2.77 million for the first quarter of 2025 from 2.94 million for the same period of 2024. The decline in TPV was mainly due to the decline in business volume from the Hong Kong market.
    • Total revenues excluding TNG Asia and GEA1 were US$10.0 million for the first quarter of 2025, representing a year-over-year decrease of 11.5%, primarily due to the 23.1% decline in global airtime revenue.
          For the three-month period ended March 31,  
          2025     2024  
          $     $  
          (dollars in thousands)  
      Remittance revenue excluding TNG Asia & GEA     4,583       5,025  
                       
      Global Airtime Revenue     2,022       2,573  
      Indonesian Airtime Revenue     3,437       3,742  
      Total Revenue excluding TNG Asia & GEA     10,042       11,340  
                       
    • Total remittance revenues excluding TNG Asia and GEA, i.e., remittance revenues contributed by Tranglo, were US$4.6 million for the first quarter of 2025, down 8% year-over-year. The decline in remittance revenue was mainly due to a decrease in remittance revenue from the Hong Kong market. Tranglo’s overall take rate declined to 0.35% in the first quarter of 2025 from 0.37% in the same period of 2024.
    • Currenc’s global airtime transfer revenues were US$2.0 million for the first quarter of 2025, representing a year-over-year decrease of 23.1%. The growing availability of free Wi-Fi in Southeast Asian countries, especially Malaysia and Indonesia, has led to declining demand for Malaysia-Indonesia airtime transfers, resulting in a decline in global airtime business in the first quarter of 2025. As Currenc expects this trend to continue in Southeast Asian markets, the Company’s management plans to deemphasize airtime transfer and reallocate its resources and capital to expand its new AI product offerings.
    • Total direct costs of revenue were US$6.9 million for the first quarter of 2025, representing a year-over-year decrease of 20.7%.
    • The direct payout rate for Tranglo’s remittance business was 0.13% for the first quarter of 2025, flat compared to 0.12% for the same period of 2024. Currenc’s overall gross profit margin ratio for the first quarter of 2025 was 31.8%, compared to 33.6% for the same period of 2024.
    • Total operating expenses increased to $7.5 million for the first quarter of 2025 from $5.8 million for the same period of 2024. The increase was mainly due to expenses of $2.2 million in recognition of the incentive shares granted to employees upon the completion of the INFINT SPAC merger.

      As Currenc divested TNG Asia and GEA in August and July 2024, respectively, its operating costs now reflect the operating costs of Tranglo, WalletKu and the Company’s headquarters only. Also, with the rollout of its new AI initiatives, Currenc incurred $0.5 million in operating costs related to these new businesses in the first quarter of 2025. The new AI businesses are expected to contribute incrementally to revenues and positively impact EBITDA in 2025.

      • Tranglo’s operating costs for the first quarter of 2025 were $3.2 million, representing an increase of 14% from $2.8 million in the same period of 2024.
      • WalletKu’s operating costs were $0.2 million for the first quarter of 2025, as compared to $0.4 million for the same period of 2024.
      • Professional fees and director fees were $0.8 million and $0.6 million for the first quarter of 2025, respectively.
    • Other income totaled $1.0 million for the first quarter of 2025, mainly contributed by Tranglo.
    • EBITDA analysis
      For the three-month period ended March 31, 2025   Tranglo     WalletKu     TNG
    Asia 
    and GEA    		     Headquarters
    and
    adjustments    		     Group
         Total    		  
          (dollars in thousands)  
      Net income (loss)     1,160       (136 )     –       (5,511 )     (4,487 )
                                               
      Add:                                        
      Income tax expenses     141       –       –       (93 )     48  
      Interest expense, net     21       –       –       1,066       1,087  
      EBIT     1,322       (136 )     –       (4,538 )     (3,352 )
      Depreciation and amortization     –       –       –       –       554  
      EBITDA     1,322       (136 )     –       (4,538 )     (2,798 )
                                               
    • The Company’s total EBITDA for the first quarter of 2025 was a loss of $2.8 million.
    • Tranglo and WalletKu’s combined EBITDA for the first quarter of 2025 was $1.2 million.
    • TNG Asia and GEA’s combined losses had no impact on the Company’s results from the fourth quarter of 2024 onwards as they were divested before the completion of the de-SPAC merger.
    • Headquarters expenses and adjustments recorded an EBIT loss of $4.5 million, mainly contributed by:
      • $2.2 million in “Operating Expenses” in recognition of the incentive shares granted upon completion of the de-SPAC merger.
      • $0.8 million for professional fees.
      For the three-month period ended March 31, 2024   Tranglo     WalletKu     TNG
    Asia
    and GEA    		     Headquarters
    and
    adjustments    		     Group
    Total    		  
          (dollars in thousands)  
      Net income (loss)     1,070       (123 )     (1,039 )     (2,540 )     (2,632 )
                                               
      Add:                                        
      Income tax expenses     163       –       –       (92 )     71  
      Interest expense, net     –       –       242       1,069       1,311  
      EBIT     1,233       (123 )     (797 )     (1,563 )     (1,250 )
      Depreciation and amortization     –       –       –       –       1,016  
      EBITDA     1,233       (123 )     (797 )     (1,563 )     (234 )
                                               
    • Net loss was US$4.5 million for the first quarter of 2025, primarily driven by the net loss of $5.5 million incurred by headquarters and adjustments.

    Management Comments
    “As demand for digital remittance continues to grow steadily, intensified market competition is compressing pricing,” said Alex Kong, Founder and Executive Chairman of Currenc. “Against this backdrop, we strove to maintain Tranglo’s healthy take rate while delivering TPV of US $1.30 billion in the first quarter of 2025, underscoring the strength of our core remittance platform and our disciplined strategic execution. Looking ahead, we are positioning Currenc for higher‑margin growth through two key initiatives: scaling our AI product offerings and expanding our remittance services into major corridors. We believe this combination of broader reach and AI‑driven innovation will support a more diversified revenue base and a structurally stronger bottom line.”

    Ronnie Hui, Chief Executive Officer of Currenc, commented, “While softer airtime demand weighed on our total revenues, our remittance business remained resilient amid a competitive environment in the first quarter of 2025, supporting a combined EBITDA for Tranglo and WalletKu of US $1.2 million. We are reallocating capital toward accelerating our AI initiatives and building higher‑margin remittance corridors to boost product value and operational scale, priming the Company for quality growth throughout the year. We also enhanced cost management and maintained Tranglo’s payout rate at 0.13%. Operating expenses rose to US $7.5 million, primarily due to a one‑time US $2.2 million share‑based incentive linked to the de‑SPAC merger, as well as costs related to our new AI initiatives. Outside of these expenses, our headquarters’ operating costs remained broadly stable. Going forward, this strengthened bottom line will allow us to invest in AI-driven growth while maintaining financial discipline.”

    Non-GAAP Financial Measures
    To supplement the Company’s consolidated financial statements, which are prepared and presented in accordance with GAAP, it uses EBITDA, a non-GAAP financial measure as described below, to understand and evaluate its core operating performance. This non-GAAP financial measure, which may differ from similarly titled measures used by other companies, is presented to enhance investors’ overall understanding of the Company’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

    EBITDA is defined as net loss before interest, taxes, depreciation, and amortization. Currenc believes that EBITDA provides useful information to investors and others in understanding and evaluating its operating results. This non-GAAP financial measure eliminates the impact of items that Currenc does not consider indicative of the performance of its business. While Currenc believes that this non-GAAP financial measure is useful in evaluating its business, this information should be considered supplemental in nature and is not meant as a substitute for the related financial information prepared in accordance with GAAP.

    About Currenc Group Inc.
    Currenc Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    For additional information, please refer to the Currenc website https://www.currencgroup.com and the annual report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission.

    Safe Harbor Statement
    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

    Investor & Media Contact
    Currenc Group Investor Relations
    Email: investors@currencgroup.com

    SOURCE: Currenc Group Inc.

     
    CURRENC GROUP INC. AND SUBSIDIARIES
     
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
     
        Three months ended March 31,  
        2025     2024  
        US$     US$  
    Revenue     10,055,569       13,104,123  
                     
    Cost of revenue     (6,854,172 )     (8,696,562 )
    Gross profit     3,201,397       4,407,561  
    Selling expenses     –       (3,987 )
                     
    General and administrative expenses     (7,522,252 )     (5,824,208 )
                     
    Loss from operations     (4,320,855 )     (1,420,634 )
    Finance costs, net     (1,087,313 )     (1,311,363 )
    Other income     969,691       189,735  
    Other expenses     (402 )     (19,137 )
                     
    Loss before income tax     (4,438,879 )     (2,561,399 )
    Income tax expense     (48,479 )     (70,529 )
                     
    Net loss     (4,487,358 )     (2,631,928 )
    Net income attributable to non-controlling interests     (187,000 )     (403,056 )
                     
    Net loss attributable to Currenc Group Inc.     (4,674,358 )     (3,034,984 )
                     
    Net loss per share, basic and diluted (1)   $ (0.13 )   $ (0.09 )
                     
    Shares used in net loss per share computation, basic and diluted (1)     35,374,891       33,980,753  
                     
    Other comprehensive loss:                
    Foreign currency translation adjustments     171,532       368,135  
                     
    Total comprehensive loss     (4,315,826 )     (2,263,793 )
    Total comprehensive loss (income) attributable to non-controlling interests     (228,069 )     (407,798 )
    Total comprehensive loss attributable to Currenc Group Inc.     (4,543,895 )     (2,671,591 )
     
    (1) Retrospectively restated to reflect Reverse Recapitalization
    CURRENC GROUP INC. AND SUBSIDIARIES
     
    CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
     
        March 31,
    2025    		     December 31,
    2024    		  
          US$       US$  
    ASSETS                
    Current assets:                
    Cash and cash equivalents     62,300,298       63,821,397  
    Restricted cash     40,978       40,742  
    Accounts receivable, net     2,103,924       2,115,681  
    Other financial assets     3,171,000       –  
    Amounts due from related parties     449,094       560,823  
    Prepayments, receivables and other assets     25,874,112       20,948,216  
    Total current assets     93,939,406       87,486,859  
    Non-current assets:                
    Equipment and software, net     1,118,661       1,055,520  
    Right-of-use asset     294,965       349,240  
    Intangible assets     3,000,978       3,386,117  
    Goodwill     12,059,428       12,059,428  
    Deferred tax assets     344,291       342,822  
    Total non-current assets:     16,818,323       17,193,127  
    Total assets     110,757,729       104,679,986  
    LIABILITIES AND SHAREHOLDERS’ DEFICIT                
    Current liabilities:                
    Borrowings     20,128,362       20,150,058  
    Receivable factoring     480,225       258,415  
    Other financial liabilities     3,329,550       –  
    Accounts payable, accruals and other payables     51,411,453       55,329,740  
    Amounts due to related parties     76,472,666       67,697,074  
    Convertible bonds     1,750,000       1,750,000  
    Lease liabilities     177,505       171,909  
    Total current liabilities:     153,749,761       145,357,196  
    Non-current liabilities:                
    Deferred tax liabilities     784,479       876,912  
    Employee benefit obligation     39,259       45,289  
    Lease liabilities     111,833       156,647  
    Total non-current liabilities:     935,571       1,078,848  
    Total liabilities     154,685,332       146,436,044  
                     
    Commitments and contingencies (Note 10)                
                     
    Shareholders’ deficit:                
    Ordinary shares (US$0.0001 par value; 550,000,000 shares authorized 46,527,999 and 46,527,999 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively) (1)     4,653       4,653  
    Additional paid-in capital (1)     67,797,587       65,638,838  
    Accumulated deficit     (136,197,260 )     (131,522,902 )
    Accumulated other Comprehensive Loss     7,873       (108,122 )
    Total shareholders’ deficit attributable to Currenc Group Inc.     (68,387,147 )     (65,987,533 )
    Non-controlling interests     24,459,544       24,231,475  
    Total deficit     (43,927,603 )     (41,756,058 )
    Total liabilities and shareholders’ deficit     110,757,729       104,679,986  
     
    (1) Retrospectively restated to reflect Reverse Recapitalization
    CURRENC GROUP INC. AND SUBSIDIARIES
     
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
     
        Three months ended March 31,  
        2025     2024  
        US$     US$  
    Cash flows from operating activities:                
    Net loss     (4,487,358 )     (2,631,928 )
    Adjustments to reconcile net loss to net cash provided by operating activities:                
    Non-cash expense for Share-based compensation     2,158,749       –  
    Depreciation of equipment and software     123,799       142,518  
    Depreciation of right-of-use assets     53,712       41,981  
    Amortization of intangible assets     385,139       831,392  
    Deferred income taxes     (92,426 )     54,704  
    Disposal of fixed assets     401       –  
    Unrealized foreign exchange gain     328,269       (124,690 )
    Changes in operating assets and liabilities:                
    Accounts receivable     33,923       (110,270 )
    Prepayments, receivables and other assets     (4,918,772 )     9,477,057  
    Escrow money payable     –       218,542  
    Client money payable     –       146,847  
    Accounts payable, accruals and other payables     (4,068,655 )     (7,014,740 )
    Interest payable on convertible bonds     –       952,736  
    Amount due from a director     729,198       –  
    Amount due to Immediate holding company     23,766       –  
    Amounts due from related parties     (3,652 )     –  
    Amounts due to related parties     8,245,995       (2,205,121 )
    Net cash used in operating activities     (1,487,912 )     (220,972 )
                     
    Cash flows from investing activities:                
    Decrease in short-term investments     –       615  
    Purchases of property, plant and equipment     (175,158 )     (12,058 )
    Proceeds received from disposal of PPE     596       –  
    Net cash used in investing activities     (174,562 )     (11,443 )
                     
    Cash flows from financing activities:                
    Proceeds from borrowings     –       639,210  
    Repayment of borrowings     –       (95,742 )
    Proceeds from receivable factoring     433,287       586,789  
    Repayment of receivable factoring     (218,974 )     (610,559 )
    Payment of principal elements of lease liabilities     (65,286 )     (46,295 )
    Payment of interest elements of lease liabilities     (7,416 )     (2,952 )
    Net cash generated from/(used in) financing activities     141,611       470,451  
                     
    Net decrease in cash and cash equivalents     (1,520,863 )     238,036  
    Cash and cash equivalents, restricted cash and escrow money receivable at beginning of the period     63,862,139       58,960,384  
    Cash and cash equivalents, restricted cash and escrow money receivable at end of the period     62,341,276       59,198,420  
                     
    Supplemental disclosure of cash flow information:                
    Income taxes paid     (140,905 )     (15,825 )
    Interest paid     (48,773 )     (346,270 )
    CURRENC GROUP INC. AND SUBSIDIARIES
     
    EBITDA Analysis for the First Quarter of 2025 and 2024
     
    For the three-month period ended March 31, 2025   Tranglo     WalletKu     TNG Asia and GEA     Headquarters and adjustments     Group Total  
        (dollars in thousands)  
    Net income (loss)     1,160       (136 )     –       (5,511 )     (4,487 )
                                             
    Add:                                        
    Income tax expenses     141       –       –       (93 )     48  
    Interest expense, net     21       –       –       1,066       1,087  
    EBIT     1,322       (136 )     –       (4,538 )     (3,352 )
    Depreciation and amortization     –       –       –       –       554  
    EBITDA     1,322       (136 )     –       (4,538 )     (2,798 )
    For the three-month period ended March 31, 2024   Tranglo     WalletKu     TNG Asia and GEA     Headquarters and adjustments     Group Total  
        (dollars in thousands)  
    Net income (loss)     1,070       (123 )     (1,039 )     (2,540 )     (2,632 )
                                             
    Add:                                        
    Income tax expenses     163       –       –       (92 )     71  
    Interest expense, net     –       –       242       1,069       1,311  
    EBIT     1,233       (123 )     (797 )     (1,563 )     (1,250 )
    Depreciation and amortization     –       –       –       –       1,016  
    EBITDA     1,233       (123 )     (797 )     (1,563 )     (234 )
                                             

    1 TNG Asia and GEA were divested in August 2024 and July 2024, respectively.
    2 Tranglo maintained a positive EBITDA for the first quarter of 2025 and 2024.
    3 Tranglo and WalletKu maintained a combined positive EBITDA for the first quarter of 2025 and 2024.

    ____________________________________
    1 Currenc divested TNG Asia and GEA in August 2024 and July 2024, respectively. As such, from the fourth quarter of 2024 onward, only Tranglo’s (digital remittance and global airtime transfer businesses) and WalletKu’s (Indonesian airtime business) results will be consolidated and reported in the Company’s financial statements.

    The MIL Network –

    May 21, 2025

  • MIL-OSI: Prairie Band Casino & Resort Transitions from Viz Explorer to Quick Custom Intelligence’s (QCI) Enterprise Platform

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, May 20, 2025 (GLOBE NEWSWIRE) — Quick Custom Intelligence (QCI), a leader in advanced casino management solutions, is excited to announce that Prairie Band Casino has chosen the QCI Enterprise Platform to enhance its data-driven operations. This significant move from Viz Explorer to QCI demonstrates Prairie Band Casino & Resort’s commitment to improving the guest experience by leveraging superior analytics and real-time operational insights.

    As a prominent gaming destination, Prairie Band Casino & Resort is known for offering exceptional service to its patrons. With the adoption of the QCI Enterprise Platform, the casino will now utilize cutting-edge analytics, player development tools, and streamlined processes to drive performance optimization and guest satisfaction.

    John Tuckwin, Marketing Director for Prairie Band Casino & Resort, shared his enthusiasm for the transition: “Our switch to the QCI Enterprise Platform reflects our ongoing mission to provide an exceptional gaming experience. The platform’s ability to deliver real-time data and comprehensive analytics will allow us to make informed decisions that will enhance both our operational efficiency and the overall satisfaction of our guests. This partnership signifies a step forward in Prairie Band Casino & Resort’s goal to stay at the forefront of gaming technology, further solidifying its position as a premier destination in the region.”

    Andrew Cardno, CTO of QCI, expressed his enthusiasm for the partnership: “We are thrilled to welcome Prairie Band Casino & Resort to our growing network of gaming properties. Their decision to implement the QCI Enterprise Platform underscores their commitment to innovation, and we look forward to helping them streamline their operations and maximize revenue opportunities.”

    Melissa Chiaurro, President of Viz Explorer, also commented on the collaboration:
    “We are thrilled to announce our extended partnership with Prairie Band Casino & Resort and their dedicated team. By integrating the QCI Enterprise Platform, they are poised to gain deeper insights into their operations, enabling more informed decision-making and enhanced customer experiences. This collaboration underscores our commitment to supporting Prairie Band Casino & Resort in achieving their business objectives and delivering exceptional service to their guests. We look forward to the continued success of this partnership.”

    ABOUT Prairie Band Casino & Resort
    Prairie Band Casino & Resort opened January of 1998 and is owned and operated by the Prairie Band Potawatomi Nation. It is located on tribal land just north of Topeka, Kansas. The casino offers more than 1,100 slot machines including Class II games; a 400-seat bingo hall; and 25 table games including blackjack, craps and roulette. There are four dining options, lobby bar, luxury hotel, on-site convenience store and RV park. The 12,000-square-foot Great Lakes Ballroom plays host to concerts and other live performances, and the award-winning Firekeeper Golf Course is only steps away.

    ABOUT QCI
    Quick Custom Intelligence (QCI) has pioneered the revolutionary QCI AGI Platform, an artificial intelligence platform that seamlessly integrates player development, marketing, and gaming operations with powerful, real-time tools designed specifically for the gaming and hospitality industries. Our advanced, highly configurable software is deployed in over 250 casino resorts across North America, Australia, New Zealand, Canada, Latin America, and Europe. The QCI AGI Platform, which manages more than $35 billion in annual gross gaming revenue, stands as a best-in-class solution, whether on-premises, hybrid, or cloud-based, enabling fully coordinated activities across all aspects of gaming or hospitality operations. QCI’s data-driven, AI-powered software propels swift, informed decision-making vital in the ever-changing casino industry, assisting casinos in optimizing resources and profits, crafting effective marketing campaigns, and enhancing customer loyalty. QCI was co-founded by Dr. Ralph Thomas and Mr. Andrew Cardno and is based in San Diego, with additional offices in Las Vegas, St. Louis, Denver, Dallas, and Phoenix. Main phone number: (858) 299.5715. Visit us at www.quickcustomintelligence.com.

    ABOUT Andrew Cardno
    Andrew Cardno is a distinguished figure in the realm of artificial intelligence and data plumbing. With over two decades spearheading private Ph.D. and master’s level research teams, his expertise has made significant waves in data tooling. Andrew’s innate ability to innovate has led him to devise numerous pioneering visualization methods. Of these, the most notable is the deep zoom image format, a groundbreaking innovation that has since become a cornerstone in the majority of today’s mapping tools. His leadership acumen has earned him two coveted Smithsonian Laureates, and teams under his mentorship have clinched 40 industry awards, including three pivotal gaming industry transformation awards. Together with Dr. Ralph Thomas, the duo co-founded Quick Custom Intelligence, amplifying their collaborative innovative capacities. A testament to his inventive prowess, Andrew boasts over 150 patent applications.
    Across various industries—be it telecommunications with Telstra Australia, retail with giants like Walmart and Best Buy, or the medical sector with esteemed institutions like City Of Hope and UCSD—Andrew’s impact is deeply felt. He has enriched the literature with insights, co-authoring eight influential books with Dr. Thomas and contributing to over 100 industry publications. An advocate for community and diversity, Andrew’s work has touched over 100 Native American Tribal Resorts, underscoring his expansive and inclusive professional endeavors.

    Contact:
    Laurel Kay, Quick Custom Intelligence
    Phone: 858-349-8354

    The MIL Network –

    May 21, 2025

  • MIL-OSI: Top KingWin Ltd Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

    Source: GlobeNewswire (MIL-OSI)

    Guangzhou, China, May 20, 2025 (GLOBE NEWSWIRE) — Top KingWin Ltd (“Top KingWin” or the “Company”) (Nasdaq: WAI) announced today that it received a formal notification from the Nasdaq Stock Market LLC (“Nasdaq”) on May 19, 2025, that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires the Company’s class A ordinary shares, par value of US$0.0025 each (the “Ordinary Shares”) to maintain a minimum bid price of $1.00 per share.

    The Nasdaq staff made this determination of compliance after the closing bid price of the Company’s Ordinary Shares has been at $1.00 per share or greater for the last 10 consecutive business days from May 5 to May 16, 2025. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this bid price deficiency matter is now closed.

    About Top KingWin Ltd

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

    Forward-Looking Statements

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

    For more information, please contact:

    Bonnie

    Email: IR@tcjhgw.cn

    The MIL Network –

    May 21, 2025

  • MIL-OSI: Tactile Medical to Present at Upcoming Investor Conferences in June

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, May 20, 2025 (GLOBE NEWSWIRE) — Tactile Systems Technology, Inc. (“Tactile Medical”; the “Company”) (Nasdaq: TCMD), a medical technology company providing therapies for people with chronic disorders, today announced that management will be participating in two upcoming investor conferences. Tactile Medical is scheduled to present at the William Blair 45th Annual Growth Stock Conference in Chicago on Tuesday, June 3, 2025, at 3:20 p.m. CST and at the Jefferies Global Healthcare Conference in New York on Wednesday, June 4, 2025, at 2:35 p.m. EST.

    Event: William Blair 45th Annual Growth Stock Conference
    Date: Tuesday, June 3, 2025
    Time: 3:20 p.m. CST

    Event: Jefferies Global Healthcare Conference
    Date: Wednesday, June 4, 2025
    Time: 2:35 p.m. EST

    A live audio webcast of the presentations will be accessible under the “Events & Webcasts” section of the Company’s investor relations website at http://investors.tactilemedical.com. An archive of the webcasts will be available for replay following the conference.

    About Tactile Systems Technology, Inc. (DBA Tactile Medical)

    Tactile Medical is a leader in developing and marketing at-home therapies for people suffering from underserved, chronic conditions including lymphedema, lipedema, chronic venous insufficiency and chronic pulmonary disease by helping them live better and care for themselves at home. Tactile Medical collaborates with clinicians to expand clinical evidence, raise awareness, increase access to care, reduce overall healthcare costs and improve the quality of life for tens of thousands of patients each year.

    Investor Inquiries:
    Sam Bentzinger
    Gilmartin Group
    investorrelations@tactilemedical.com

    The MIL Network –

    May 21, 2025

  • MIL-OSI: Cipher Mining Announces Proposed Convertible Senior Notes Offering and Proposed Hedging Transaction to Place Borrowed Common Stock

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced its intention to offer, subject to market and other conditions, $150,000,000 aggregate principal amount of convertible senior notes due 2030 (the “notes”) in a public offering registered under the Securities Act of 1933, as amended. Cipher also expects to grant the underwriters of the notes offering an option to purchase up to an additional $22,500,000 aggregate principal amount of notes solely to cover over-allotments. Morgan Stanley is acting as the sole bookrunning manager for the offering.

    The notes will be senior, unsecured obligations of Cipher, will accrue interest payable semiannually in arrears and will mature on May 15, 2030, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their notes in certain circumstances and during specified periods. Cipher will settle conversions by paying or delivering, as applicable, cash, shares of its common stock, par value $0.001 per share (“common stock”), or a combination of cash and shares of its common stock, at Cipher’s election.

    The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Cipher’s option at any time, and from time to time, on or after May 22, 2028 and on or before the 30th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Cipher’s common stock exceeds 130% of the conversion price for a specified period of time. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

    If certain corporate events that constitute a “fundamental change” occur, then, subject to a limited exception, noteholders may require Cipher to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. In addition, unless Cipher has previously called all outstanding notes for redemption, noteholders may at their option require Cipher to repurchase their notes for cash on May 15, 2028 at a repurchase price equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date.

    The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering.

    Cipher intends to use the net proceeds from the offering to complete Phase 1 of the Black Pearl data center project (“Phase 1”), including: (i) purchasing at a discount the remaining balance of mining rigs required for Phase 1; (ii) paying expected tariffs and shipping costs for the mining rigs to be used for Phase 1; and (iii) paying other infrastructure-related capital expenditures in connection with Phase 1, and for general corporate purposes. On May 16, 2025, the Company, through its wholly-owned subsidiaries Cipher Mining Infrastructure LLC, a Delaware limited liability company, and Cipher Black Pearl LLC, a Delaware limited liability company, entered into an Amendment Agreement and Deed of Novation to the Future Sales and Purchase Agreement (the “2025 Amendment”) with Bitmain Technologies Delaware Limited, which amends the Company’s existing Future Sales and Purchase Agreement, dated December 16, 2023, as amended by the Supplemental Agreement, dated June 5, 2024, the Amendment Agreement, dated July 10, 2024 and the Notice of Exercise dated February 5, 2025 (together, the “Original Agreement”). The Original Agreement has been amended to include an updated delivery schedule that allows for rig delivery by June 23, 2025. Through such amendment, the Company aims to accelerate its rig deployment timeline and offset a portion of the expected tariffs. The Company also received a 10% reduction in cost in exchange for the Company’s early payment of the remaining balance outstanding under the Original Agreement. The amendment also provides the Company with additional incremental value from BTC-linked call options.

    Concurrently with the offering of the notes, Cipher also announced that Morgan Stanley, acting on behalf of itself and/or its affiliates, intends to offer, in a separate, underwritten offering, a number of shares of Cipher’s common stock borrowed from third parties (the “concurrent delta offering”), to facilitate hedging transactions (whether physical and/or through derivatives) by some of the purchasers of the notes. The number of shares of Cipher’s common stock subject to the concurrent delta offering will be determined at the time of pricing of the concurrent delta offering, and is expected to be no greater than commercially reasonable initial short positions of such hedging investors in the notes. The completion of the offering of the notes is contingent on the completion of the concurrent delta offering, and the completion of the concurrent delta offering is contingent on the completion of the offering of the notes.

    The offering of the notes and the concurrent delta offering are being made pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the “SEC”). Each of the offering of the notes and the concurrent delta offering will be made only by means of a prospectus supplement and an accompanying prospectus. Before you invest, you should read the respective prospectus supplements and the accompanying prospectus and other documents that the Company has filed with the SEC for more complete information about the Company and the offering. Electronic copies of the respective preliminary prospectus supplements, together with the accompanying prospectus, will be available on the SEC’s website at www.sec.gov. Alternatively, copies of the respective preliminary prospectus supplements, together with the accompanying prospectus, can be obtained, when available, by contacting: Morgan Stanley, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department.

    This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

    J. Wood Capital Advisors LLC acted as financial advisor to the Company.

    About Cipher

    Cipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world’s largest HPC companies. To learn more about Cipher, please visit https://www.ciphermining.com/.

    Forward Looking Statements

    This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as, statements about the terms and completion of the notes offering and the concurrent delta offering, the use of proceeds from the notes offering, the effect of the hedging activities related to the notes offering on the market price of our shares of common stock, our beliefs and expectations regarding our future results of operations and financial position, planned business model and strategy, our bitcoin mining and HPC data center development, timing and likelihood of success, capacity, functionality and timing of operation of data centers, expectations regarding the operations of data centers, potential strategic initiatives, such as joint ventures and partnerships, and management plans and objectives, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions).

    These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and our management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, Cipher’s evolving business model and strategy and efforts we may make to modify aspects of our business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission (“SEC”) on February 25, 2025, and in Cipher’s subsequent filings 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 Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contacts:
    Investor Contact:
    Courtney Knight
    Head of Investor Relations at Cipher Mining
    courtney.knight@ciphermining.com

    Media Contact:
    Ryan Dicovitsky / Kendal Till
    Dukas Linden Public Relations
    CipherMining@DLPR.com

    The MIL Network –

    May 21, 2025

  • MIL-OSI: POET Technologies Announces Upsize and Amendments to Previously Announced Offering

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 20, 2025 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Corporation“) (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, is pleased to announce that, further to its news release dated April 28, 2025, in response to significant interest from a strategic investor and to allow for a more timely execution, it proposes to amend the terms of its previously announced non-brokered public offering to, among other things, increase the offering size to US$30,000,000 and make certain ancillary revisions to the offering structure, which will now be conducted as a non-brokered private placement (as amended, the “Offering”). The Offering Price (as defined herein) remains unchanged and represents a premium to the prevailing market price of the Common Shares on the TSX Venture Exchange (the “Exchange”).

    In the revised Offering, the Corporation expects to issue 6,000,000 common shares of the Corporation (the “Common Shares”) and one common share purchase warrant (the “Warrant”) exercisable to acquire up to 6,000,000 Common Shares (the “Warrant Shares”) at a price of C$8.32 per Warrant Share for a period of five years from the date of issue. The combined price of one Common Share and the Warrant (in respect of one Common Share) will be equal to US$5.00 (the “Offering Price”).

    The Corporation intends to use the net proceeds of the Offering for working capital and general corporate purposes. No commission or finder’s fee will be paid by the Corporation, and no underwriter or sales agent will be engaged by the Corporation in connection with the Offering. The Corporation expects to complete the Offering on or about May 22, 2025.

    All Common Shares and Warrants issued under the Offering are expected to be distributed outside of Canada in reliance on OSC Rule 72-503 – Distributions Outside of Canada and, accordingly, all Common Shares, Warrants and Warrant Shares issued under the Offering will not be subject to a Canadian statutory hold period in accordance with applicable Canadian securities laws. The Offering remains subject to the final acceptance of the Exchange.

    This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About POET Technologies Inc.
    POET is a design and development company offering high-speed optical engines, light source products and custom optical modules to the artificial intelligence systems market and to hyperscale data centers.  POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems.  POET’s Optical Interposer platform also solves device integration challenges across a broad range of communication, computing and sensing applications.  POET is headquartered in Toronto, Canada, with operations in Singapore, Penang, Malaysia and Shenzhen, China. More information about POET is available on our website at www.poet-technologies.com

    Cautionary Note Regarding Forward-Looking Information

    This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include, without limitation, the Corporation’s ability to complete the Offering on the terms announced and within the expected timeline, the Corporation’s expectations with respect to its products, the scalability of the POET Optical Interposer and the success of the Corporation’s products, the Corporation’s use of proceeds for the Offering and the Corporation’s ability to obtain the final approval of the Exchange. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the size of the market for its products, the capability of its joint venture to produce products on time and at the expected costs, the performance and availability of certain components, and the success of its customers in achieving market penetration for their products. Actual results could differ materially due to a number of factors, including, without limitation, the attractiveness of the Corporation’s product offerings, performance of its technology, the performance of key components, and ability of its customers to sell their products into the market. For further information concerning these and other risks and uncertainties, refer to the Corporation’s filings on SEDAR+ at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Although the Corporation believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Corporation’s securities should not place undue reliance on forward-looking statements because the Corporation can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Corporation assumes no obligation to update or revise this forward-looking information and statements except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

    The MIL Network –

    May 21, 2025

  • MIL-OSI USA: Crapo Statement at IRS Commissioner Nomination Hearing

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo
    Washington, D.C.–U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) delivered the following remarks at a hearing to consider the nomination of Billy Long to be Internal Revenue Service (IRS) Commissioner.
    As prepared for delivery:
    “Today, we will hear from Congressman Billy Long, who is nominated to serve as Commissioner of the Internal Revenue Service (IRS). 
    “Congressman Long, congratulations on your nomination, and thank you for your willingness to serve in government again.
    “The IRS is responsible for helping American taxpayers understand and meet their tax responsibilities, and to enforce the law with integrity and fairness to all. 
    “As outlined in the Internal Revenue Code, the Commissioner’s job is to oversee tax administration for the federal government, enforce tax laws and ensure compliance while balancing taxpayer service, fairness and efficiency.
    “In recent years, these needs have not been sufficiently balanced, and the IRS has suffered from many problems and missteps.  Perhaps that is why Americans consistently rate it as one of the least favorable federal agencies, notwithstanding the fact that nearly all Americans must interact with it.
    “We hear time and time again about IRS efforts to improve taxpayer services, boost employee morale and modernize outdated systems.  The last Administration dedicated billions of dollars of extra funding to this end, but actual improvement at the IRS ran short. 
    “This is in no small part due to the outsized emphasis on increased funding for enforcement, which dwarfed funding for IT modernization and customer service improvements.
    “Further, the IRS diverted resources and attention to duplicative and unnecessary side projects, such as when the IRS circumvented Congress to create the unauthorized Direct File program.  The Trump Administration is rightly calling for a reexamination of this program as part of its broader goal to eliminate wasteful spending at the IRS. 
    “While critics argue that fiscal prudence at the IRS harms tax collection, in fact, the opposite has proven to be true.  For example, concerns that tax receipts would be down this year.
    “Individual income and payroll tax receipts are $120 billion higher this year than last year and statistically in line with projections made by the Congressional Budget Office (CBO) in January 2025.
    “Agency improvements do not require tens of billions of dollars in additional funding, but better prioritization and execution.  Modernization could also enable the IRS to become more efficient, reducing its annual funding needs. 
    “With the IRS on a healthier spending glide path, and a renewed focus toward efficiently serving taxpayers, it is now time for the next IRS Commissioner to prioritize taxpayers. 
    “My conversations with Congressman Long assured me that, once confirmed, he will focus on improving taxpayer services, enforcing our tax laws with fairness for all and ensuring resources are optimally allocated.
    “President Trump called Congressman Long the ‘consummate people person.’  Congressman Long is very clear that he will make himself available to all IRS employees, no matter their seniority.  Moreover, he wants to implement a top-down culture change at the agency.  This sea change will benefit American taxpayers, who too often view the IRS as foe, rather than friend.
    “Congressman Long knows, from years of experience in the House, that to be a successful Commissioner, he must be a valuable partner in Congress’ efforts to ensure that new tax legislation is implemented and administered as Congress intends it to be.  I am also confident that he will be fully transparent and responsive to Congress and the American people.
    “Before concluding, I would be remiss if I did not thank Mr. Faulkender for his time spent as Acting Commissioner.  We want him to return to the job he was confirmed to do, as we now turn to hear from Congressman Long.
    “American taxpayers want a change agent to helm the IRS.  Congressman Billy Long fits this description and is well-suited to lead the IRS at this moment in time.
    “Congressman Long, thank you again for your willingness to return to government, and I look forward to working with you, if confirmed.”

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI Video: President Trump Makes an Announcement with the Secretary of Defense

    Source: United States of America – The White House (video statements)

    The White House

    https://www.youtube.com/watch?v=HnwhfL35z6I

    MIL OSI Video –

    May 21, 2025

  • MIL-OSI Video: Preakness Stakes 2025

    Source: United States Department of Defense (video statements)

    —————
    #ICYMI: We had the opportunity to attend the 150th #PreaknessStakes at the Pimlico Race Course in Baltimore. From flyovers to carrying the Woodlawn Vase, service members from across the armed forces showed up to support the day’s events.

    #military #usa #departmentofdefense

    For more on the Department of Defense, visit: http://www.defense.gov
    —————
    Keep up with the Department of Defense on social media!

    Like the DoD on Facebook: http://facebook.com/DeptofDefense
    Follow the DoD on Twitter: http://twitter.com/DeptofDefense
    Follow the DoD on Instagram: http://instagram.com/DeptofDefense
    Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

    https://www.youtube.com/watch?v=uWJgv7-8k3A

    MIL OSI Video –

    May 21, 2025
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