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Category: Economy

  • MIL-OSI: Zoom and Mitel announce rollout of AI-first hybrid communications and collaboration solution

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) — Today, Zoom Communications, Inc. (NASDAQ: ZM) and Mitel, a global leader in business communications, announced the global launch of a unique hybrid cloud solution that integrates Zoom Workplace and Zoom AI Companion with Mitel’s flagship communications platforms, including its leading telephony solutions. This marks a significant milestone in the strategic partnership between the companies announced in September 2024.

    Today, organizations are navigating the adoption of emerging technologies like AI while maintaining security, business continuity, and flexibility when modernizing business communications. This new solution is designed to meet the growing enterprise demand for hybrid unified communications (UC) deployments by offering a “best-of-both-worlds” approach that empowers organizations to deliver mission-critical communications capabilities alongside exceptional collaboration functions to enhance business productivity.

    The multi-phased rollout will see Zoom’s AI-first solution integrate seamlessly with existing Mitel software and devices, starting now with global availability for Mitel’s OpenScape Voice and OpenScape 4000 platforms. This will be expanded to include MiVoice Business solutions in the coming weeks, as well as MiVoice 5000 and MX-ONE solutions before the end of 2025. Device portfolios like the OpenScape CP and the Mitel 6900 Series are now Zoom Phone certified, with the full list of certified models available here. Certification of Mitel’s OpenScape SBC is also complete, enabling compatibility with Zoom’s Bring-Your-Own-PBX (BYOP) and Bring-Your-Own-Carrier (BYOC) direct routing capabilities. Mitel Border Gateway (MBG) certification will follow in the weeks ahead.

    “As businesses navigate the connectivity requirements to support hybrid work, they need solutions that unite the benefits of on-prem or single-instance cloud communications infrastructure with Zoom’s industry-leading collaboration experiences, giving them the best of both while future-proofing their organizations,” said Graeme Geddes, chief sales and growth officer at Zoom. “The AI-first solution provided by Zoom and Mitel makes connecting and collaborating seamless and efficient while giving customers the flexibility to migrate to the cloud on their own terms and with their existing Mitel devices.”

    “Recent research shows 92% of mid-to-large enterprises are considering hybrid deployments, and for good reason,” said David Petts, chief sales officer at Mitel*. “In today’s rapidly changing workplace, staying connected through video, chat, or voice is more important than ever and a vital part of business continuity planning. Mitel’s strategic partnership with Zoom has produced an offering that provides seamless access to these solutions while enabling compliance and security control in the most demanding use cases, industries, and geographies. With the integration of Zoom’s AI Companion, it’s a winning combination for organizations looking for an elevated collaboration experience that truly fits their overall communication needs.”

    Deliver AI-first collaboration tools built for modern work
    With the Zoom Workplace app fully integrated with secure Mitel telephony and devices, users can call, meet, and chat from a single solution, including the ability to escalate from a Mitel-powered call directly into a Zoom meeting. Additionally, users can brainstorm ideas, develop content, and kickstart project plans with Zoom Docs, Zoom Whiteboard, Zoom Clips, and more. AI Companion is woven throughout to help users jumpstart content creation, stay focused, prioritize what’s important, and get answers fast.

    Maintain control and maximize current investments
    With the joint hybrid solution, users can maintain unmatched control over mission-critical activities like release schedules, configurations, updates, system changes, and telephony while leveraging existing investments without isolation. For organizations in specialized industries like healthcare, hospitality, government, and financial services, this means having the ability to continue to leverage existing Mitel-certified vertical integrations along with specialized devices and workflows for frontline workers.

    Blend on-prem and cloud capabilities to suit an organization’s unique requirements
    The hybrid architecture from Zoom and Mitel provides users with a simple approach to blending on-prem with the right mix of private and public cloud on their terms to meet their unique needs. It gives organizations the flexibility, tools, and resilience they need to future-proof their current systems while maintaining reliability throughout the process. Additionally, using the Zoom Workplace app, users will have access to a consistent modern user experience every step of the way. If UCaaS is ultimately their preferred deployment model, they can easily bring their certified Mitel devices with them.

    Jim Lundy, Founder & CEO of Aragon Research, confirms that “The Mitel-Zoom partnership is a game changer, offering businesses a path to hybrid communications with AI collaboration and communications capabilities.”

    The joint solution is now available to customers worldwide. Further advanced capabilities are underway as part of the multi-phase partnership plan. For more information about the joint solution, please visit https://www.mitel.com/products/zoom-workplace.

    * According to a June 2024 global survey of 1,954 organizations conducted by Mitel and Techaisle.

    About Zoom
    Zoom’s mission is to provide one platform that delivers limitless human connection. Reimagine teamwork with Zoom Workplace — Zoom’s open collaboration platform with AI Companion that empowers teams to be more productive. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer care teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ: ZM) and headquartered in San Jose, California. Get more information at zoom.com.

    About Mitel
    Mitel is a global leader in business communications, providing businesses with advanced communication, collaboration, and contact center solutions. With more than 70 million users across over 100 countries, Mitel empowers organizations to connect, communicate, and collaborate seamlessly, with the flexibility and choice they need to thrive, both now and for the future. Through proven experience and innovative solutions, Mitel delivers communications without compromise. For more information, go to www.mitel.com and follow us on LinkedIn.

    Mitel is the registered trademark of Mitel Networks Corporation. All other trademarks are the property of their respective owners.

    Zoom Public Relations
    Karen Modlin
    press@zoom.us

    Mitel Public Relations
    Trever Kerr, Americas
    Sandrine Quinton, Europe and Asia
    pr@mitel.com

    The MIL Network –

  • MIL-OSI: Ataccama Data Trust Report 2025: One in five businesses lack a data governance framework, leaving AI advantages untapped

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 27, 2025 (GLOBE NEWSWIRE) — Ataccama, the data trust company, today released the Ataccama Data Trust Report 2025: Turning Compliance and Risk Mitigation into a Foundation for Strategic AI Advantage, which highlights a disconnect between businesses’ ambitions for AI and their investment into compliance and risk mitigation. The second report in the series explores how many businesses are running before they can walk by building AI on unstable foundations made of data that isn’t governed correctly.

    The report found that 42% of organizations prioritize regulatory compliance, but only 26% focus on it within their data teams. This highlights blind spots with real-world consequences like regulatory fines and data breaches that can erode customer trust, financial stability, and competitiveness. The Data Trust Report suggests that organizations must reframe their thinking to see compliance as the foundation for long-term business value and trust.

    Automation is the engine of sustainable risk mitigation

    Generative and traditional AI tools are only as reliable as the data they depend on. To ensure this data isn’t compromised, businesses must adopt automation for more than just improving efficiencies. Considering 47% of organizations recognize data quality as critical to compliance and 39% highlight data accuracy as essential for risk mitigation, automation within this process is vastly undervalued.

    To gain access to AI-ready data, innovative companies should be embedding automation into their workflows for data validation and accuracy, scalable risk mitigation, and auditing. Without automation as the foundation for scalability, businesses risk their AI investment failing.

    Leadership misalignment is the silent killer of AI success

    33% of organizations cite leadership misalignment as a significant blocker for responsible AI adoption. The evolution of AI far outpaces historical transformations such as cloud adoption, creating an unprecedented urgency for strategic leadership alignment, which many businesses are lacking.

    Leadership teams must act decisively and responsibly to enable their organizations to set the pace for AI adoption. This includes ensuring complete alignment to a robust governance framework across the business, which 21% of organizations lack entirely. Driving this compliance from the top down will create a cultural reset that sees governance move from a reactive checkbox to a strategic driver of innovation and trust.

    The growing strain of regulatory tension

    Just 2% of organizations believe regulations stifle innovation, while 55% feel that current frameworks are too restrictive, showing clear tension between the optimism businesses feel towards compliance and the reality of fast-moving AI sectors. Currently, only 24% of organizations have implemented AI at scale, highlighting a significant gap in readiness.

    Fortunately, automation has the potential to improve regulatory adherence by 40% this year, which businesses can augment by establishing cross-functional teams to adapt to regulatory changes in real-time, and by shifting the mindset of their teams to see compliance as an opportunity rather than a hurdle.

    Mike McKee, CEO of Ataccama, said, “Ataccama is in a unique position to help companies tackle data quality as the foundation for successful AI business initiatives with our unified data trust platform that combines data quality, lineage, observability and master data management. Compliance built on high-quality, trusted data is the foundation for transparency, and it should be regarded as more than a tick-box exercise. Tackling this with a scalable solution embedded with AI-enabled automation will unlock a competitive advantage for initiatives such as customer expansion and personalized experiences. The business leaders that understand this and instill the same mindset throughout their companies will be the ones setting the pace in the future.”

    Read the full report here.

    Visit Ataccama on Booth 918 at the Gartner Data & Analytics Summit 2025 on March 3-5 in Orlando, Florida. More information here.

    Editor’s Notes

    Methodology: An online quantitative research survey was undertaken by Hanover Research in September and October 2024 with 300 qualified participants (U.S. n=150; Canada n=50; U.K. n=100). Respondents were aged 35+ and employed full-time within organizations generating revenue over $500 million in the banking/finance, business services, healthcare, insurance, manufacturing, retail, software, and telecommunications industries. Participants were senior leaders or heads of department with a data-led function and had some or full responsibility for technology decision-making and data strategy.

    About Ataccama

    Ataccama is the data trust company. Organizations worldwide rely on Ataccama ONE, the unified data trust platform, to ensure data is accurate, accessible, and actionable. By integrating data quality, lineage, observability, governance, and master data management into a single solution, Ataccama enables businesses to unlock value from their data for AI, analytics, and operations. Trusted by hundreds of global enterprises, Ataccama helps organizations drive innovation, reduce costs, and mitigate risk. Recognized as a Leader in the 2024 Gartner Magic Quadrant for Augmented Data Quality and the 2025 Magic Quadrant for Data and Analytics Governance, Ataccama continues to set the standard for trusted data at scale. Learn more at www.ataccama.com.

    The MIL Network –

  • MIL-OSI: Wix Announces Board Authorization of $200 Million Share Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK —Wix.com Ltd. (NASDAQ: WIX) (“Wix,” the “Company,” “we” or “our”), today announced that its Board of Directors (the “Board”) authorized a program to repurchase the Company’s securities (ordinary shares and/or convertible notes) in an amount up to $200 million.

    This repurchase program demonstrates the Board’s continued confidence in the Company’s ability to drive strong cash flow generation and ongoing commitment to increasing shareholder value.

    Under the Board authorized repurchase program, Company securities may be repurchased from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with U.S. securities laws and regulations, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act“).  The Company may also, from time to time, enter into plans that are compliant with Rule 10b5-1 of the Exchange Act to facilitate repurchases of its securities under this authorization.  The repurchase program does not obligate the Company to acquire any particular amount of securities, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.  Repurchases under the repurchase program may begin after conclusion of the 30-day period for creditors of the Company to object to the Company’s intent to perform the distribution by way of repurchase in accordance with the Israeli Companies Regulations (Relief for Public Companies Whose Securities are Traded on Stock Exchanges Outside of Israel), 5760-2000 and the Israeli Regulations (Approval of Distribution), 5761–2001.  The actual timing, number and value of securities repurchased depend on a number of factors, including the market price of the Company’s ordinary shares, general market and economic conditions, any objections received by the Company from its creditors, the Company’s financial results and liquidity, and other considerations.  The Company expects to fund repurchases with cash on hand and future cash generated from its operations.

    About Wix.com Ltd.

    Wix is the leading SaaS website builder platform1 to create, manage and grow a digital presence. Founded  in 2006, Wix is a comprehensive platform providing users – self-creators, agencies, enterprises, and more – with industry-leading performance, security, AI capabilities and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, the platform enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, users can seamlessly build a powerful and high-end digital presence for themselves or their clients. 

    For more about Wix, please visit our Press Room
    Media Relations Contact:  PR@wix.com  

    1 Based on number of active live sites as reported by competitors’ figures, independent third-party data and internal data as of H1 2024.

    Forward-Looking Statements

    This document contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements may be identified by words like “anticipate,” “assume,” “believe,” “aim,” “forecast,” “indication,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “outlook,” “future,” “will,” “seek,” “confidence,” and similar terms or phrases. The forward-looking statements contained in this document, are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, our expectation that we will be able to attract and retain registered users and partners, and generate new premium subscriptions, in particular as we continuously adjust our marketing strategy and as the macro-economic environment continues to be turbulent; our expectation that we will be able to increase the average revenue we derive per premium subscription, including through our partners; our expectation that new products and developments, as well as third-party products we will offer in the future within our platform, will receive customer acceptance and satisfaction, including the growth in market adoption of our online commerce solutions and our Wix Studio product; our expectations regarding our ability to develop relevant and required products using artificial intelligence (“AI”), the regulatory environment impacting AI and AI-related activities, including privacy and intellectual property, and potential competitive impacts from AI tools; our assumption that historical user behavior can be extrapolated to predict future user behavior, in particular during turbulent macro-economic environments; our prediction of the future revenues and/or bookings generated by our user cohorts and our ability to maintain and increase such revenue growth, as well as our ability to generate and maintain elevated levels of free cash flow and profitability; our expectation to maintain and enhance our brand and reputation; our expectation that we will effectively execute our initiatives to improve our user support function through our Customer Care team, and continue attracting registered users and partners, and increase user retention, user engagement and sales; our ability to successfully localize our products, including by making our product, support and communication channels available in additional languages and to expand our payment infrastructure to transact in additional local currencies and accept additional payment methods; our expectation regarding the impact of fluctuations in foreign currency exchange rates, interest rates, potential illiquidity of banking systems, and other recessionary trends on our business; our expectations relating to the repurchase of our ordinary shares and/or Convertible Notes pursuant to our repurchase program; our expectation that we will effectively manage our infrastructure; our expectation to comply with AI, privacy, and data protection laws and regulations as well as contractual privacy and data protection obligations; our expectations regarding the outcome of any regulatory investigation or litigation, including class actions; our expectations regarding future changes in our cost of revenues and our operating expenses on an absolute basis and as a percentage of our revenues, as well as our ability to achieve and maintain profitability; our expectations regarding changes in the global, national, regional or local economic, business, competitive, market, and regulatory landscape, including as a result of Israel-Hamas war and/or the Israel-Hezbollah hostilities and/or the Ukraine-Russia war and any escalations thereof and potential for wider regional instability and conflict; our planned level of capital expenditures and our belief that our existing cash and cash from operations will be sufficient to fund our operations for at least the next 12 months and for the foreseeable future; our expectations with respect to the integration and performance of acquisitions; our ability to attract and retain qualified employees and key personnel; and our expectations about entering into new markets and attracting new customer demographics, including our ability to successfully attract new partners large enterprise-level users and to grow our activities, including through the adoption of our Wix Studio product, with these customer types as anticipated and other factors discussed under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission on March 22, 2024. The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

    The MIL Network –

  • MIL-OSI: Triller Group Unveils 2025 Roadmap and Creator-Centric Initiatives in Investor Update

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, CA, Feb. 27, 2025 (GLOBE NEWSWIRE) — Triller Group Inc. (“Triller”, “Triller Group” or “the Company”) is thrilled to release its latest investor presentation showcasing once-in-a-lifetime opportunities within the rapidly expanding Creator Economy. Transformative changes in technology and unmet needs of consumers and creators are reshaping the Creator Economy landscape. Triller is uniquely positioned to capitalize on these developments by creating innovative solutions that empower creators and redefine how content is created, distributed, owned and monetized. Through this latest investor presentation, Triller is providing its stakeholders with in-depth insights into its commitment to driving growth in this lucrative marketplace.

    The Creator Economy is on its way to becoming a marketplace exceeding $500 billion. Powerful drivers are converging to create a once-in-a-lifetime opportunity. Technology continues to disrupt traditional platform and content distribution models. Existing platforms are unable to meet the needs of consumers and creators. Market uncertainties are giving rise to previously unimagined possibilities. Taken together, these developments are creating a unique moment in time to open doors for Triller’s dynamic solutions. The Creator Economy is ripe for Triller’s disruption and innovation.

    Triller Group Inc. stands at the forefront of transformation by offering three proven pathways to capitalize on the burgeoning Creator Economy.

    The Triller App is emerging as one of the most creator-focused platform, equipped with a distinctive vision, comprehensive quarter-by-quarter ready-to-implement plan. With initiatives such as “savemytiktoks” and weekly updates to its new and improved app, Triller is actively bringing its innovative, creator-friendly vision to fruition. Early successes (including the rise to the top tier position in app stores around the globe) have given Triller App significant momentum and the right to win in this space.

    BKFC and TrillerTV are thriving businesses dedicated to producing and delivering authentic and unique content. By integrating these entities more closely, Triller Group can unlock tremendous value, following a proven industry playbook.

    AGBA provides a sophisticated distribution platform for financial services, showcasing an technologically innovative and efficient approach to the distribution of financial services. Through AGBA FinTech investments, Triller Group has a clear pathway to introducing financial services into the Creator Economy, creating new revenue streams and enhancing the overall ecosystem.

    As the Creator Economy continues to flourish, Triller Group Inc. is poised to lead the way, harnessing powerful trends to create lasting impact and drive significant growth.

    “We are at a pivotal moment in the Creator Economy, and Triller Group is committed to leveraging our innovative platforms to empower creators and unlock new opportunities.” Said Wing Fai Ng, CEO of Triller Group. “Our latest investor presentation outlines our vision and strategy, illustrating how we plan to capitalize on the immense potential that lies ahead. Together, we are not just participating in this growth; we are leading it.”

    Investors, analysts, and stakeholders are encouraged to visit https://trillercorp.com/ir/ to download the investor presentation.

    About Triller Group Inc.        

    Triller Group Inc. is a technology powerhouse with a portfolio of high-growth businesses poised to break through in the Creator Economy. Triller App is the most creator focused social platform offering discovery, monetization, and ownership. Supported by Triller Platform, it serves as a cutting-edge social media platform designed for creators, offering innovative tools for content creation, marketing, and brand partnerships. It enables creators to connect with fans, monetize their work, and build meaningful relationships with brands.

    Bare Knuckle Fighting Championship (BKFC) stages live and streaming combat sports events that are rapidly gaining popularity with fans globally. With a focus on exciting matchups and high-energy performances, BKFC has established itself as the fastest-growing combat league in the industry. TrillerTV is Triller Group’s premier live streaming platform, showcasing a diverse array of in-house and third-party sports and entertainment content. With its robust infrastructure, TrillerTV is committed to delivering high-quality live events that captivate audiences and drive subscriber growth.

    Additionally, AGBA serves as a one-stop financial supermarket, providing independent distribution of a wide range of financial products and services. By connecting consumers with essential financial solutions, AGBA enhances Triller Group’s ecosystem, making it easier for users to access the tools they need for financial success.

    Together, these diverse businesses form a unique and integrated ecosystem that positions Triller Group at the forefront of innovation in social media, live entertainment, combat sports, and financial services. For more information about our businesses, visit www.trillercorp.com and www.agba.com.

    Investor & Media Relations:

    Bethany Lai
    ir@triller.co

    Breanne Fritcher
    triller@wachsman.com

    Details:
    Company: www.trillercorp.com
    Linkedin: www.linkedin.com/company/triller
    X: @Triller_IR

    # # #

    Safe Harbor Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

    The MIL Network –

  • MIL-OSI: EXL named a Leader in four categories in ISG Provider Lens™ Insurance Digital Services North America Report

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a global data and AI company, announced it has been named a Leader in four categories in the ISG Provider Lens™ Insurance Services 2024 report. Earning top honors in the North American Life & Retirement Insurance BPO Services, Property & Casualty Insurance BPO, Life & Retirement TPA Insurance Services, and Insurance ITO Services – Midmarket, categories, EXL demonstrated its deep expertise in all aspects of the insurance industry.

    The 2024 report reflects EXL’s sustained excellence as a top performer. This is the third consecutive time that EXL has earned Leader designations for Life & Retirement Insurance BPO Services, Property & Casualty Insurance BPO, Life & Retirement TPA Insurance Services in North America. Meanwhile, this is the first time EXL has earned the Leader designation for Insurance ITO Services – Midmarket.

    “At a time when new technologies and economic fluctuations have disrupted the insurance industry to its very core, our commitment to provide our clients with solutions backed by robust data, powerful analytics and cutting-edge AI has become more valuable than ever,” said Vivek Jetley, president and head of insurance, healthcare and life sciences at EXL. “Being recognized in three categories once more—now with an added Leader designation—reinforces our drive to innovate, push boundaries and deliver unparalleled results for our clients.”

    ISG Provider Lens™ is a practitioner-led service provider comparison, powered by ISG’s advisory experience and data-driven research. ISG’s Research reports provide independent vendor evaluations and enterprise buying behavior segmentation. Provider positioning is based on neutral and independent research, such as quantitative data that includes provider surveys, product testing and customer interviews.

    “EXL has leveraged the power of GenAI to transform the insurance business,” said Ashish Jhajharia, lead analyst and co-author of the ISG Provider Lens™ Insurance Services 2024 report. “As EXL continues to excel at providing essential support to insurance carriers as they embark on a journey toward data-driven digital transformation, they stand poised to thrive in 2025.”

    To read more about the report and to see how EXL compares to its competition, click here. For more information about EXL’s solutions for the insurance industry, click here.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 59,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network –

  • MIL-OSI: Drones Becoming Smaller, Lighter, More Reliable Allowing Them to Perform Broader Range of Tasks

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Due to the advancements in software and artificial intelligence, the increasing use of drones is making it easier to control and automate them. They play a crucial role in improving farming techniques. Improving productivity, and are used for environmental monitoring, disaster relief, and search & rescue operations. Drones are becoming smaller, lighter, and more reliable, which allows them to perform a broader range of tasks. Their growing popularity stems from benefits such as improved efficiency, cost-effectiveness, and safety. The increase in precision farming needs, aiming to boost crop productivity, drives market growth. Drone OEMs are investing in R&D for thermal cameras, multispectral sensors, and LiDAR, improving drone efficacy in monitoring fields, creating vegetation maps, and detecting issues such as disease and irrigation irregularities. Thus, it drives the market growth during the forecast period. Agricultural drones, flying at a specific altitude with sensors, provide crucial analytical data for controls crop health, treatment, exploration, field soil analysis, and yield assessments, aiding farmers in making informed decisions and reducing time and costs. According to a report from MarketsAndMarkets “Commercial drones can be provided wireless coverage during emergency cases where each drone serves as an aerial wireless base station when the cellular network goes down. They can also be used to supplement the ground base station to provide better coverage and higher data rates for users. Drones can also assist various terrestrial networks, such as device-to-device and vehicular networks. For instance, due to their mobility and LOS Communications, drones can facilitate rapid formation dissemination among ground device. Furthermore, drones can potentially improve the reliability of wireless links in D2D and vehicle-to-vehicle (V2V) communications while exploiting transmit diversity.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), EHang Holdings Limited (NASDAQ: EH), Red Cat Holdings, Inc. (NASDAQ: RCAT), AgEagle Aerial Systems Inc. (NYSE: UAVS).

    MarketsAndMarkets continued: “Flying drones can help broadcast common information to ground devices, thereby reducing interferences in ground networks by decreasing the number of transmissions between devices. Based on operational mode, the commercial drone market has been classified into remotely piloted, optionally piloted, and fully autonomous. The remotely piloted segment is projected to grow at a significant rate during the forecast period, driven by the cost-effective usage of remotely piloted UAVs in several applications ranging from defense operations to surveys. Fully autonomous drones significantly enhance operational efficiency and reduce costs across various end use such as agriculture, transport, logistics & warehousing, and Oil & Gas. Based on function, the Commercial Drone market has been segmented into passenger drones, inspection & monitoring drones, surveying & mapping drones, spraying & seeding drones, cargo air vehicles, and others. Passenger Drone segment is projected to record the highest growth during the forecast period with emergence of drone taxis as convenient means of aerial transportation of passenger at high speed.”

    ZenaTech (NASDAQ:ZENA) ZenaDrone Advances IQ Square Drone to Manufacturing Stage for Outdoor Applications Including Inspections, Surveys, and the Fast-Growth Power Washing Sector – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that its subsidiary ZenaDrone has moved its first batch of IQ Square multifunction drones from prototype to manufacturing stage. This drone was designed for outdoor applications for operator line-of-site inspections such as for building and construction inspections, short-range land surveys, power washing and other business and government applications. The IQ Square is also expected to be a key part of ZenaDrone’s multifunction drone inventory for its Drone as a Service or DaaS business, which enables business and government users to hire a turnkey drone service and drone pilot through a local store for easy subscription-based or pay-as-you-go access to drones for various uses.

    “The IQ Square’s rapid progression from the prototype stage, initiated in 2022, to the manufacturing and assembly stage is a testament to our hardware and engineering team’s dedication and hard work. We see many commercial and government applications for the IQ Square, which we also envision will be central to powering our future DaaS operations as a versatile multifunction drone for multiple outdoor uses requiring line-of-site including fast growth uses like power washing,” said CEO Shaun Passley, Ph.D.

    The IQ Square will be equipped with a power wash system for use in larger-scale cleaning jobs such as stadium seating, building exteriors, and public spaces; drones eliminate the need for scaffolding, lifts, or manual labor by providing a more efficient, safe, and cost-effective solution. Tethered to a ground-based water and a power source, it is designed to maintain a continuous supply of high-pressure water needed to clean large areas without the weight limitations of onboard tanks.

    The mold and drone body frames of the first batch of IQ Square drones are currently being completed, after which they will be assembled, integrated, and tested at the company’s Sharjah, UAE production facility. The Company will oversee the integration and quality inspection of electronics, battery and propulsion systems, software, and sensor installation and calibration, concluding with final flight testing.

    According to QYResearch, the global market for drone cleaning services, including applications such as water hose-tethered power washing for stadium seats and public areas, is projected to reach approximately $53.89 billion by 2030, growing at a CAGR of 19.3%.

    ZenaTech’s Drone as a Service or DaaS business model enables government agencies, building developers, entertainment facilities, farmers, environmental firms, etc. to conveniently access a turnkey drone solution via a local store on a pay-as-you-go or subscription basis rather than having to buy the entire drone hardware and software solution. Like Amazon Web Services, where Amazon owns computer equipment platforms and hires the personnel, with the DaaS model, ZenaDrone owns the drones, hires the pilots and ensures regulatory compliance to enable the cost savings, precision and efficiency of drones over existing legacy methods. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the drone industry include:

    Draganfly Inc. (NASDAQ: DPRO) recently confirms through recent sales activities its positioning and preparedness to support the enhancement of border security amid evolving global trade and security uncertainties and shifting geopolitical dynamics. Highlighting recent sales activities with policing agencies, Draganfly continues to strengthen its position to support border security with advanced drone technology solutions.

    “Recent global trade challenges, tariff uncertainties, and security concerns underscore the critical importance of secure borders and resilient supply chains,” said Cameron Chell, CEO of Draganfly Inc. “Our recent sales activities with policing agencies is a testament to our ability and readiness to provide drone technology and services in support of border security solutions.”

    EHang Holdings Limited (NASDAQ: EH) recently announced a strategic cooperation framework agreement with Anhui Jianghuai Automobile Group Co., Ltd. (“JAC Motors”) and Hefei Guoxian Holdings Co., Ltd. (“Guoxian Holdings”). Under this agreement, cooperation will focus on establishing a joint venture in Hefei to invest in the construction of a state-of-the-art manufacturing base for low-altitude aircraft. The facility will integrate advanced technology, standardization, and automation to produce intelligent and pilotless electric vertical takeoff and landing aircraft (“eVTOL”).

    The strategic cooperation signing ceremony was attended by key officials including Fei Yuan, Standing Committee Member of Hefei Municipal Committee and Vice Mayor of Hefei; Xingchu Xiang, Chairman, and General Manager of JAC Motors; Xingke Yin, Vice General Manager of JAC Motors; Huazhi Hu, Founder, Chairman, and CEO of EHang; and Zhao Wang, Chief Operating Officer of EHang. They were joined by other distinguished guests in witnessing the signing of the strategic cooperation agreement, marking a new milestone in the high-quality development of China’s low-altitude economy ecosystem.

    Red Cat Holdings, Inc. (NASDAQ: RCAT) recently announced that its Black Widow drone and FlightWave Edge 130 were included on the list of 23 platforms and 14 unique components and capabilities selected as winners of the Blue UAS Refresh. The platforms will undergo National Defense Authorization Act (NDAA) verification and cyber security review with the ultimate goal of joining the Blue UAS List.

    Over the coming months, the Blue UAS List and Blue UAS Framework will expand with new additions. The inclusion of the Black Widow and Edge 130 as winners of the Refresh further validates Red Cat’s commitment to delivering NDAA-compliant unmanned systems for defense and government applications.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) recently announced its participation in the inaugural XPONENTIAL Europe trade show in Dusseldorf Germany held February 18-20, 2025. AgEagle CEO Bill Irby commented, “Invaluable visibility was achieved at XPONENTIAL Europe as AgEagle further strengthened its leadership role in the worldwide UAS marketplace. Our entire product line was presented to a prominent and influential audience both directly by AgEagle and through our industry-leading partners. Notably, major European defense contractor Rheinmetall, presented AgEagle’s eBee VISION as an integral part of their offering as did Dronivo and MKS Servo. The diverse needs of European nations both commercially and defense-wise were reviewed with high-value insight provided by the congregation which included representatives from NATO. AgEagle remains committed to consistently expanding the capabilities and global footprint of our best-in-class UAS products as we continue to build long-term value for all our stakeholders.”

    XPONENTIAL Europe offered a unique combination of trade fair, live demonstrations and a top-class conference program. Daily keynotes by internationally renowned speakers before the start of the trade fair brought exhibitors and visitors together and provided important impetus for the future of autonomy. The tradeshow is the very first event put on by Messe Dusseldorf in partnership with AUVSI. Various members of the drone customer community were present, such as the German Bundeswehr and the U.S. Army, along with members of the press and industrial community.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty four hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: TruGolf Engages Eventus Advisory Group, LLC to Provide Financial Services Advisory and CFO Support

    Source: GlobeNewswire (MIL-OSI)

    Salt Lake City, Utah, Feb. 27, 2025 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, is pleased to announce that it has engaged Eventus Advisory Group, LLC (“Eventus”) (www.EventusAG.com) to provide financial services advisory and CFO support. Eventus has over 17 years’ experience in working with micro- and small-cap companies and will act as a key advisor to TruGolf as it continues to enhance its financial operations and deliver on the company’s strategic priorities.

    Eventus specializes in supporting fast-growing companies and brings a proven track record of helping companies efficiently manage financial operations, technical accounting and SEC compliance issues. This support will help with TruGolf’s transparent communication with shareholders and regulatory bodies.

    “We at Eventus are passionate about working with dynamic, high-growth companies like TruGolf,” said Neil Reithinger, Managing Partner of Eventus. “TruGolf has a strong history of delivering innovative golf simulation solutions and is a recognized leader in the space. We are excited to bring our expertise to support their continued success and financial stability.”

    Chris Jones, CEO of TruGolf, expressed his confidence in the engagement, stating, “We are incredibly grateful to have Eventus on board. Their history of guiding companies like ours through complex financial landscapes supports our exciting path forward.”

    TruGolf is currently working with its Board of Directors to regain compliance with Nasdaq listing requirements. Part of this includes TruGolf’s efforts on working to improve its balance sheet by reducing outstanding liabilities and evaluating other measures to meet Nasdaq’s shareholders’ equity requirements by their March 31, 2025 deadline. The company intends to consider all available alternatives to cure the deficiencies.

    Disclaimer on Forward Looking Statements

    This news release contains certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements that are not of historical fact constitute “forward-looking statements” and accordingly, involve estimates, assumptions, forecasts, judgements and uncertainties. Forward-looking statements include, without limitation, the Company’s ability to regain compliance with Nasdaq’s continued listing requirements. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in the Forward Looking Statements and Risk Factors sections of the Company’s S-1 filed with the Securities and Exchange Commission. We do not undertake an obligation to update our forward-looking statements to reflect future events.

    About TruGolf, Inc.:

    TruGolf is a golf technology company, committed to making golf, easy. From innovative uses for AI to build content and enhanced image and spatial analysis, to gamified golf improvement plans, TruGolf is an industry leader in the growing technological revolution in the sport of golf. Since TruGolf’s founding it has redefined what is possible with golf through technology. TruGolf’s suite of Hardware, Software, and Web Products make the game easier to Play, Improve and Enjoy.

    About Eventus: Eventus is a CFO advisory firm that specializes in supporting the office of the CFO for public and private companies, with services ranging from accounting, financial operations, technical reporting, regulatory and SEC compliance, audit and IPO preparation, corporate governance and transaction advisory services. Through these service offerings and the experience of the Eventus team, the firm helps businesses navigate complex financial landscapes so that Eventus’ clients can focus on sustainable growth.

    The MIL Network –

  • MIL-OSI: MovieCoin (MOV) Shaping the Future of Film Investment with Winvest Group

    Source: GlobeNewswire (MIL-OSI)

    RENO, NEVADA, Feb. 27, 2025 (GLOBE NEWSWIRE) — A visionary investment team has launched MovieCoin (MOV), a blockchain-powered financing platform designed to support Winvest Group’s (OTCQB: WNLV) development in movie production and Launchrr aggregation platform. MOV leverages a new financial model to bridge crypto investment with traditional capital markets, fostering long-term growth for investors.

    A New Era of Film & Web3 Investment

    MOV is an independent initiative dedicated to uncovering Winvest Group’s growth potential. Instead of traditional fundraising, the partnership of Winvest Group and MOV introduces a decentralized financing mechanism, allowing crypto community investors to support Winvest Group’s film and content projects.

    How MOV Benefits Stakeholders

    MOV enables investors to participate in the movie production project, token staking, participate in ecosystem activities and DAO decisions. Revenues channel can be derived from box office revenues, streaming rights, and Web3 integrations, ensuring a hybrid investment model that bridges cryptocurrency and traditional stock markets. However, the value of MOV may fluctuate based on market conditions and regulatory factors.

    “MOV provides a new avenue for investors to gain exposure to both blockchain and traditional capital markets,” said Jeffrey Wong, CEO of Winvest. “By supporting Winvest Group, we create a synergy between Web3 innovation and established entertainment industry.”

    Crypto Meets Traditional Finance: The Future of Capital Growth

    MOV is reshaping investment strategies by combining blockchain transparency with the stability of a publicly listed company. This hybrid approach allows investors to participate in MOV’s token economy and long-term financial ecosystem. Winvest Group is exploring blockchain and entertainment partnerships, aiming for a long-term collaboration with MOV Token to deepen resource integration and enhance value for both entities. MOV operates independently and facilitates participation in blockchain token but is not SEC-registered and may be subject to varying regulations.

    Investment & Tokenomics

    MOV Utility: Funding films, staking, DAO

    Investor Perks: Both crypto and traditional investments

    Blockchain Network: Solana

    Website: https://www.movcoin.co/

    Whitepaper: https://movie-coin.gitbook.io/moviecoin-whitepaper

    About Winvest Group

    Winvest Group (OTCQB: WNLV) is pioneering a decentralized, investor-centric entertainment ecosystem with the vision of creating For Lasting Joy. By leveraging Web3, blockchain, and AI, the company redefines film investment and distribution, unlocking value and fostering creativity. Through MovieCoin (MOV), Winvest empowers investors and creators with innovation and transparency. More than financial returns, we strive to build a legacy of joy, creativity, and connection. Join us in shaping the future of entertainment.

    For more information, visit: https://www.winvestgroup.co

    Safe Harbor Disclaimer

    This press release contains forward-looking statements subject to risks and uncertainties. Actual results may vary due to market conditions, regulatory changes, and business execution factors. The company does not guarantee financial performance or investment returns.

    For media inquiries:

    Connie Ting

    Winvest Group Limited

    50 West Liberty Street, Suite 880, Reno NV 89501

    Email: connie.ting@winxglobal.com

    Phone: 775-996-0288

    The MIL Network –

  • MIL-OSI: Helport AI Enhances Knowledge Base with AI-Powered Self-Learning and Multimodal Capabilities

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE and SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software, services, and solutions, today announced significant advancements to its knowledge base. Designed to optimize enterprise knowledge management, the latest updates introduce AI-powered self-learning, multimodal data integration, and enhanced real-time knowledge retrieval capabilities. These improvements are expected to further Helport AI’s mission to empower everyone to work as an expert through intelligent, efficient, and scalable AI solutions. 

    Transforming Enterprise Knowledge with AI 

    Knowledge bases are centralized sources of data, facts, and rules that AI systems use to understand, reason, and make decisions. Helport AI’s expertise in knowledge base creation and utilization is a key part of the Company’s value creation and growth to date. As part of this proprietary process, a unique, company-specific knowledge base is created for each enterprise customer which includes proprietary data, processes, and best practices refined over years of operation. 

    Built on proprietary AI models, Helport AI’s improved knowledge base development process now leverages enhanced self-learning capabilities to automate data curation, enhance accuracy, and streamline enterprise-wide information access. The enhanced system continuously refines its data by integrating real-time updates and contextual insights, reducing manual intervention and improving knowledge retrieval efficiency. 

    Designed for seamless enterprise integration, the knowledge base supports multiple languages and provides real-time, situationally aware insights. Its contextual search engine is built to provide users with precise, relevant responses, reducing time spent on manual searches. It aims to help customer service agents resolve inquiries faster, equip sales teams with the latest product details, and assist decision-makers with up-to-date information. Integrated with Helport AI’s speech navigation and real-time guidance technologies, the knowledge base is expected to enhance productivity and streamline knowledge transfer. 

    “Organizations need knowledge solutions that evolve with them,” said Guanghai Li, CEO of Helport AI. “With these enhancements, our knowledge base doesn’t just store information—it actively learns, adapts, and provides real-time insights to support enterprise operations at scale.” 

    Key Enhancements: 

    • AI-Driven Self-Learning: Proprietary algorithms analyze historical data and user interactions, enabling the knowledge base to refine itself dynamically, improving overall accuracy. 
    • Multimodal Data Integration: Enhanced RAG (Retrieval-Augmented Generation) technology now supports text, audio, and video inputs, achieving over 90% accuracy in multimodal data parsing. 
    • High-Speed Response & Scalability: Optimized query processing delivers AI-powered responses in under 800ms, helping enterprises access critical information with minimal latency. 
    • OpenAPI for Seamless Integration: A full-process API framework supports integration with existing CRM, ASR, and enterprise systems to reduce implementation time. 
    • Enterprise-Grade Security: Advanced encryption, access controls, and compliance adherence help facilitate secure knowledge management at scale. 

    Advancing Business Intelligence & Customer Experience 

    By integrating these new capabilities, Helport AI’s enhanced knowledge base aims to increase customer engagement, improve service efficiency, and enhance decision-making capabilities for businesses across finance, customer service, healthcare, and the public sector.

    “This evolution aligns with our commitment to continuous innovation,” added Li. “By providing enterprises with an AI-driven, intelligent knowledge management solution, we help ensure that businesses stay competitive in an increasingly digital world.” 

    About Helport AI 

    Helport AI (NASDAQ: HPAI) is an AI technology company dedicated to optimizing customer communication through its digital platform and intelligent software solutions. Offering enterprise-level customer contact services, Helport AI’s mission is to empower everyone to work as an expert. Learn more at www.helport.ai. 

    Forward-Looking Statements 

    Certain statements in this announcement are forward-looking statements, including, but not limited to, Helport AI’s business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on Helport AI’s current expectations and projections about future events that Helport AI 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 “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Helport AI undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Helport AI 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 Helport AI 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 Helport AI’s registration statement and other filings with the U.S. Securities and Exchange Commission. 

    Helport AI Investor Relations:
    Website: https://ir.helport.ai/
    Email: ir@helport.ai

    External Investor Relations Contact:
    Chris Tyson 
    Executive Vice President
    MZ North America
    Direct: 949-491-8235
    HPAI@mzgroup.us
    www.mzgroup.us

    The MIL Network –

  • MIL-OSI: Radix Provides a Unique SBA Loan Designed to Protect Small Business Owners from Predatory Lending

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, Feb. 27, 2025 (GLOBE NEWSWIRE) — Radix Financial Group, a financial services firm with over $600 million secured in funding for small businesses, today announced the launch of Go SBA Express by Radix, a U.S. Small Business Administration (SBA) loan program designed to support the growth and success small businesses without predatory lending practices that are rampant in the industry.

    Go SBA Express by Radix is a fast-track lending program that matches small business owners with a loan that fits their unique needs in as little as two weeks. The loan program is tailored to help business owners overcome many of the challenges they face accessing capital today, such as high interest rates, high credit score qualifications, and a slow, complex lending landscape crowded with predatory programs. Go SBA Express by Radix offers business owners accessible financing, competitive terms and flexible repayment options with an unmatched SBA lending experience.

    “Our mission at Radix has always been to help small businesses access the capital they need to thrive,” said Abe Treiger, owner and founder of Radix Financial Group. “With Go SBA Express, we are building on our mission and providing even more opportunities for businesses to secure capital when they need it.”

    Key features of Go SBA Express by Radix include:

    • Working capital in two weeks
    • Secure, confidential process
    • Simple, three-step application
    • 10-year term on loans
    • Monthly payments
    • Financing to borrowers with a personal credit score of 660+
    • Lending options for businesses showing significant losses

    Radix Financial Group, a family-owned firm with more than a decade of SBA lending experience and over $600 million in secured funding, will oversee the Go SBA Express loan program. The firm will bring the first-class services and solutions it is known for to small businesses seeking funds.

    “Our team of loan experts is ready to help business owners navigate this complicated environment, so they don’t have to finance their dreams with high-interest loans, cash advances, or predatory tactics,” Treiger said. “There is a need for a solution like this and we are thrilled to bring Go SBA Express to market.”

    For more information about Go SBA Express by Radix, please visit: GoSBAExpress.com

    About Radix Financial Group

    Radix Financial Group is a family-run financial services firm with more than a decade of SBA lending experience and over $600 million in secured funding. Radix has a stellar 4.9-star Google Business rating and a proven record of closing 3,000+ SBA loans in the last 10 years. The company continues to be a trusted leader to small businesses nationwide and maintains its commitment to delivering personalized services that match businesses with loan programs likely to fund their business, avoiding wasted time and high-interest solutions. Learn how Radix and GoSBAExpress help small businesses expand and thrive.

    Media Contact
    Madison Thomas
    CSG for Go SBA Express by Radix Financial
    Radix@wearecsg.com

    The MIL Network –

  • MIL-OSI: Allied Energy Corporation Outlook: Strong Growth and Strategic Developments

    Source: GlobeNewswire (MIL-OSI)

    Key Points:

    Expansion & Optimization of Production Capacity

    • Thiel Site Expansion: Increasing power generation capacity to 3.5 MW by Q3 2025, leveraging Texas’ competitive electricity rates (8.73¢ per kWh) for enhanced profitability.
    • Gilmer Lease Enhancements: Upgrading 116 pump jacks to smaller, energy-efficient units, reducing costs and unlocking production potential from Caddo & Strawn formations.
    • SWD & Natural Gas Expansion: Advancing new Saltwater Disposal (SWD) lease negotiations and actively exploring natural gas reserves for long-term sustainability.

    Strategic Partnerships & Portfolio Growth

    • Green Lease Collaboration: Working with Petroloro, LLC and ORO Energy, LLC, with key strategic plans expected by Q2 2025.
    • Enerhash & Sloan Project: Overcoming 2024 operational delays, with anticipated returns in Q2 2025.
    • Prometheus Development: Strengthening ties with Miller ESP to support drilling and operational advancements.

    Strategic Realignments & Focus on High-Value Ventures

    • Exit from Energix Partnership: Decision driven by missed milestones, allowing a shift toward more lucrative opportunities.
    • Diversified Growth Strategy: Ensuring a robust energy portfolio through operational efficiency, resource expansion, and financial discipline.

    CARROLLTON, Texas, Feb. 27, 2025 (GLOBE NEWSWIRE) — Allied Energy Corporation (OTC: AGYP) is excited to announce significant strides in our ongoing projects and production capacity expansion, reinforcing our optimistic outlook for the company’s future. With the momentum of these developments, the company is well-positioned for substantial growth in the coming months.

    Production Buildout at Thiel Site: A Game-Changer for Capacity Growth

    At our Thiel site, we are making significant strides in expanding operational capacity by constructing and installing two 1.25 MW generators. The new production pad has already been successfully laid, and noise abatement testing is scheduled shortly.

    Once the first two generators are running at full capacity, we plan to add a third unit, increasing the site’s total capacity to an impressive 3 to 3.5 MW by the end of Q3 2025. This expansion strategically positions Allied Energy to capitalize on Texas’ booming energy sector, where industrial power consumption is projected to grow significantly in the coming years.

    Market Potential & Financial Impact

    • Dominance in Energy Production: Texas leads the nation in energy production, contributing significantly to U.S. crude oil and natural gas outputs. source: eia.gov
    • Competitive Electricity Rates: With commercial electricity rates in Texas averaging 8.73¢ per kWh, our scalable operations can take advantage of low-cost power, maximizing margins. source: chooseenergy.com
    • Projected Revenue Growth: At full capacity (approximately 3.5 MW), the Thiel site could generate significant revenues, depending on operational efficiency and market conditions.

    “By strengthening our infrastructure now, we are ensuring long-term scalability, improved financial performance, and the ability to compete with industry leaders in power generation and energy solutions. The Thiel is a key site in our portfolio, and we are very pleased with the progress. We expect to see strong returns from these investments, and the addition of the third genset will significantly enhance our operational capabilities,” said George Monteith, CEO of Allied Energy Corporation.

    Strategic Development at Gilmer Lease

    At our Gilmer lease, Allied Energy continues to optimize operations with the replacement of 116 pump jacks with smaller, more efficient units. We have also placed a packer in the well to cut off Mississippi water, enabling production from the Caddo and possibly the Strawn formations. One well is currently being converted, and depending on its performance, we plan to convert two additional wells in Q3 and Q4.

    Strategic Development at Gilmer Lease: Enhancing Efficiency & Maximizing Production

    At our Gilmer lease, Allied Energy continues to optimize operations by replacing 116 pump jacks with smaller, more efficient units. This upgrade reduces maintenance costs, energy consumption, and mechanical failures, ensuring greater long-term operational efficiency.

    Additionally, we have strategically placed a packer in the well to cut off Mississippi water intrusion, allowing uninterrupted production from the Caddo formation and potentially unlocking reserves from the Strawn formation. Currently, one well is undergoing conversion, and based on its performance, we plan to convert two additional wells in Q3 and Q4.

    Advantages of These Operational Activities

    • Improved Efficiency & Cost Reduction: Smaller, modern pump jacks consume up to 30% less energy than traditional units, lowering operating costs while maintaining steady production. (source: API)
    • Maximizing Reserve Potential: Unlocking secondary formations like Strawn could increase overall recoverable reserves, extending the well’s productive lifespan.
    • Environmental & Regulatory Benefits: Optimizing operations aligns with state and federal efficiency standards, reducing environmental impact and ensuring compliance with industry best practices. (source: EIA)

    “These strategic enhancements position Allied Energy for sustained growth, ensuring higher production efficiency, lower costs, and maximized asset value. We’re committed to ensuring that each well reaches its full potential. Our team is working diligently to implement improvements that will help us achieve optimal production from these properties,” said Monteith.

    Green Lease: Collaborating for Future Developments

    Allied Energy is in ongoing discussions with partners Petroloro, LLC and ORO Energy, LLC to determine future developments at our Green Lease. We are currently awaiting an outline of activities from ORO Energy, LLC and plan to finalize our strategic plans for this lease in Q2 2025. These discussions represent an exciting avenue for growth and diversification of our portfolio.

    Prometheus: Focused on Future SWD Development

    We are actively negotiating a new SWD lease and exploring potential new locations for drilling. In addition, our partnership with Miller ESP is evolving as we assess future development opportunities. We remain focused on ensuring long-term sustainability and profitability through strategic planning in the SWD space.

    Ongoing Research and Natural Gas Expansion

    Our research into future natural gas resources and the identification of expansion opportunities continues to move forward. We are exploring new locations to broaden our operations and strengthen our presence in areas that complement our existing project sites. These initiatives will further enhance Allied Energy’s ability to meet growing demand while maximizing shareholder value.

    Enerhash and Sloan Project: Continues to evolve in 2025

    Our successful stewardship of the Enerhash and Sloan projects will continue to pay dividends through 2025. However, we were advised in November 2024 that operational issues have caused delays in their scheduled payment. Despite this, Allied Energy anticipates returns from this venture in Q2 of 2025.

    Strategic Decision: Parting Ways with Energix for the Time Being

    After careful consideration, Allied Energy has made the strategic decision to cut ties with Energix for the time being due to missed critical, time-sensitive milestones. As more lucrative opportunities have emerged, we believe it is in the best interest of the company to focus our resources on these ventures. However, we remain open to the possibility of reigniting a relationship with Energix in the future should the opportunity align with our long-term goals.

    “We are constantly seeking the best opportunities to maximize value for our shareholders. While we have decided to part ways with Energix for now, we look forward to exploring future collaborations when the time is right,” said Monteith.

    Allied Energy Corporation is well-positioned for growth in 2025 and beyond, with a clear focus on increasing capacity, enhancing production, and making strategic partnerships. We remain committed to delivering value to our shareholders and continuing to build a diversified and robust energy portfolio.

    About AGYP:

    Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing ‘existing’ oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America (“IPAA”) – “With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America’s true strategic petroleum reserve.”

    Safe Harbor Statement:

    This press release may contain certain forward-looking statements that are within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.

    Contact:

    Allied Energy Corporation
    Phone: 972-632-2393
    Email: info@alliedengycorp.com
    Twitter: https://twitter.com/AlliedEnergyCo1

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2612d1fd-1f10-4e95-91f3-d9fa7cca0e78

    The MIL Network –

  • MIL-OSI: HashPower Secures Up To $50M Investment MOU in Consensus HK

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Feb. 27, 2025 (GLOBE NEWSWIRE) — HashPower is excited to announce the signing of a Memorandum of Understanding (MOU) securing up to $50 million in investment for $HPX During a Successful AI & DePIN Powerhouse Event in Consensus HK by HashPower and DePIN X, marking a significant step toward the expansion of AI, DePIN, and decentralized infrastructure innovation.

    This announcement follows the resounding success of AI & DePIN Powerhouse, a premier Web3 event that gathered over 2,000 attendees, including top founders, investors, and industry experts. The event featured thought-provoking panels, networking opportunities, and insightful keynotes, and a firechat with Invest HK on the future of decentralized AI and infrastructure.

    This strategic MOU established with Aethir, Network3, Multiple Network, XPIN Network, Planck Network, DMC AI, and Inferix, aims to foster ecosystem growth, technological advancements, and industry-wide collaboration. Through targeted investments, resource sharing, and joint research initiatives, this partnership will drive sustainable development across AI-powered decentralized infrastructure.

    A Huge Thank You to Our Sponsors and partners
    The success of AI & DePIN Powerhouse would not have been possible without the generous support of our Diamond sponsors and partners: Gaianet、DMC.AI、Wearfit、BIT、Likwid.fi、IO.net，IoTeX，Filecoin，elizaOS，Amber Group，Fenbushi Capital，Nubila，Cyberport，FBG capital. This elite gathering discussed the new cycle of crypto mining, AI, DePIN (decentralized hardware infrastructure) and RWA (real assets on the chain)

    Network3: Network3 is a revolutionary technology that builds a decentralized Edge AI infrastructure, helping AI developers worldwide inference, train, or validate models quickly, conveniently, and efficiently. Network3 has surpassed 630K+ global active nodes, onlined 9,500+ mining machines, raised $5.5M in pre-seed and seed rounds, and $N3 was listed on Bybit, Gate, and BingX on January 22, 2025

    Autonomys: Autonomys is a verticalized decentralized AI (deAI) stack encompassing high-throughput permanent distributed storage, data availability / access layer, scalable distributed compute, and a modular execution layer. Our deAI ecosystem provides all the essential components to build and deploy super dApps (AI-powered dApps) and on-chain agents, equipping them with advanced AI capabilities for dynamic and autonomous functionality.

    About HashPower
    HashPower is revolutionizing the mining industry by bringing traditional operations on-chain. With a globally distributed infrastructure and a commitment to transparency, HashPower makes mining accessible and rewarding for everyone. Learn more at https://www.hashpowerx.com/.

    About DePIN X
    DePINX is a leading mining operator and investment institution in the field of AI and DePIN, with 7 years of rich experience in DePIN mining. The company manages a $50 million mining fund and operates H100 and H200 GPU clusters worth more than $100 million. We maintain in-depth cooperation with top venture capital institutions and mainstream exchanges such as Hashkey, Fenbushi Capital, and Waterdrip Capital, and jointly launched the “Super Node Program”. DePINX is committed to providing comprehensive mining design, technical support and one-stop solutions for AI and DePIN projects, helping projects grow rapidly and promoting long-term sustainable development and ecological win-win. Please follow us on Twitter for the latest updates: https://x.com/depin_x

    HashPower
    Brian
    brian.lam@hashpowerx.com

    DePINX
    Cindy
    cindyyu@depinxcapital.com

    Disclaimer: This press release is provided by HashPower. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ed4f54d9-e188-4dd1-bb2e-2e77068c75c2

    https://www.globenewswire.com/NewsRoom/AttachmentNg/54ffa0e8-32f6-4049-9e80-a3954cf4aa9d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/03bcda0b-bb49-4acf-b6f0-a4bf9d87f066

    The MIL Network –

  • MIL-OSI Global: Identifying brands as Black-owned can pay off for businesses

    Source: The Conversation – USA – By Oren Reshef, Assistant Professor of Strategy and Entrepreneurship, Washington University in St. Louis

    Labeling businesses as Black-owned can significantly boost their sales, we found in a recent study.

    In June 2020, the business-review website Yelp introduced a feature allowing consumers to search for Black-owned restaurants. As professors who study digitization, inequality and the economics of technology, we were interested in understanding its effect. So we analyzed more than two years of data from Yelp.

    We found that restaurants labeled as Black-owned saw a 65% increase in online traffic, more searches and calls, and higher sales through food orders and in-person visits. These results suggest that for many Black-owned businesses, a simple change in their visibility can create new opportunities for growth.

    However, the impact varied by location. The gains were strongest in politically liberal areas and places with lower levels of implicit racial bias, as measured by regional variation in implicit-association test scores. This suggests that platforms are in part channeling, as opposed to creating, customer demand. Interestingly, white customers drove most of the increase, suggesting the label helped raise awareness of businesses they might not have considered before.

    This wasn’t just a 2020 trend – in follow-up analyses, we found similar results among businesses that opted into the feature later. We also collaborated with the online furniture company Wayfair, which launched a “Black Maker” label on its site in 2023, and found that it led to a 57% increase in web traffic. Finally, Yelp rolled out a Latino-owned label on the platform late that year, which led to a similar increase in consumer engagement.

    Why it matters

    This research has implications for business owners, digital platforms and policymakers. Growing awareness of racial inequality – partially driven by the Black Lives Matter movement, especially after the murder of George Floyd in 2020 — has led to increased corporate and customer interest in supporting minority-owned businesses. It also led many companies to make commitments to promote racial equity.

    However, more recently, many companies have dismantled these efforts. For instance, Target recently announced that it was eliminating its program to spotlight Black-owned businesses. Our findings suggest that increasing the visibility of minority ownership – a relatively low-cost change – can substantially improve economic outcomes for Black-owned businesses.

    Our results also show that diversity initiatives aren’t just about warm and fuzzy feelings. Businesses should measure and evaluate their impact to ensure their programs are effective. A well-designed program can benefit the bottom line, while a poorly designed one risks being ineffective or even counterproductive.

    So it’s important to acknowledge the potential risks. Past research, including some of our own, indicates that revealing racial identity sometimes can lead to discrimination or backlash. While our findings suggest that labeling can have positive effects, a poorly implemented policy can backfire. Yelp’s initiative design empowered users looking to support Black-owned businesses while allowing other users to continue searching in alternative ways.

    That means policy design is crucial. What matters isn’t just what information is revealed, but also how it’s communicated. Our analysis shows that customer demand and preferences vary considerably across locations and demographics, meaning that context also matters.

    What still isn’t known

    While our research suggests that businesses experienced economic benefits from adopting the label, it’s crucial to understand which policy designs work best in the long run. For instance, Yelp’s program used an opt-in feature, which may have contributed to its success.

    However, open questions remain. How are platforms affected by labeling businesses? What other types of labels might be impactful, and for which types of businesses? Could some interventions backfire?

    Another key question is, which customers respond to racial identity disclosures? Recent advances in data analytics can help companies refine their strategies, making it easier to target the right consumer groups for more effective initiatives.

    Ultimately, our study is a step toward understanding how transparency and visibility can shape economic outcomes. It highlights a diversity initiative that has benefited both customers and businesses, and provides a road map for companies that want to design initiatives that matter. And, more broadly, it speaks to a question facing all companies: How can companies better understand and shape their societal footprint?

    In the past, Oren Reshef has worked as an Economics Research Intern at Yelp. The company did not intervene in the analysis or the publication process of this article.

    Michael Luca has done consulting for tech companies including Yelp.

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

    – ref. Identifying brands as Black-owned can pay off for businesses – https://theconversation.com/identifying-brands-as-black-owned-can-pay-off-for-businesses-250129

    MIL OSI – Global Reports –

  • MIL-OSI Global: More Americans of all political stripes support government benefits for low-income people − and Black Lives Matter could be a big reason why

    Source: The Conversation – USA – By Karyn Vilbig, PhD Student in Sociology, New York University

    A protester leads a Black Lives Matter rally in San Francisco on June 3, 2020. Josh Edelson/AFP via Getty Images

    For all the apparent division over Black Lives Matter, the movement may have had a widespread and positive impact on Americans’ support for policies that help the poor.

    Since the Black Lives Matter movement launched in 2013, several studies using a range of datasets have all found that Americans’ views of Black people have become significantly more positive. As a sociologist who researches the safety net, I wondered how this might translate to support for policies that support low-income Americans.

    That’s because perceptions of Black people have long been one of the best predictors of whether someone favors government aid for low-income people.

    If this has held true, more positive views of Black Americans should translate into more support for social welfare programs. Indeed, since 2012, the share of Americans who support higher spending on these programs has grown by 12%.

    It still wasn’t clear, though, whether that boost in support was due to some other factor – say, the dramatic economic fallout associated with the COVID-19 pandemic or the success of the government stimulus programs that followed – as opposed to shifts in racial attitudes.

    So I decided to explore the extent to which these changes in attitudes about government benefits can be attributed to recent shifts in racial attitudes. I found that nearly all of the increase in support for these safety net programs since 2012 can be explained by changes related to Americans’ racial attitudes.

    Who receives these benefits?

    When Americans think about welfare beneficiaries, they usually picture Black people.

    It’s true that Black Americans are overrepresented among those who receive government assistance. For example, Black people make up just 14% of the U.S. population but 30% of those enrolled in the Temporary Assistance for Needy Families program.

    That being said, the majority of recipients of government aid are white.

    For decades, however, TV shows, movies and the news media have portrayed Black people as impoverished recipients of government benefits. This has caused many Americans to incorrectly presume that these programs support mostly Black people.

    Because so many Americans have traditionally held negative views toward Black people, the mental association between Black people and poverty has undermined support for government programs – and has perhaps even prevented the United States from developing the kind of robust social safety net that is found in many other affluent countries.

    The ‘welfare queen’ myth advanced by President Ronald Reagan has been hard to dislodge in the American imagination.

    Feelings toward Black people have shifted

    Since 2012, however, Americans’ racial attitudes have dramatically changed.

    In 2012, for example, 49% of Americans responding to the General Social Survey, a long-standing national survey that measures societal change, said Black-white differences in income, housing and jobs were due to a lack of willpower on the part of Black people. By 2022, the most recent year available, this number had fallen to 29%.

    There’s been a debate about the exact cause of these dramatic changes. But many researchers credit the Black Lives Matter movement.

    Black Lives Matter began in 2013 in response to the acquittal of the man who murdered Trayvon Martin, an unarmed Black teenager. It gained further momentum in 2014 with the police killings of Michael Brown and Eric Garner. In 2020, following the police murder of George Floyd, it became the largest movement in U.S. history by number of protesters.

    Past research has linked specific waves of Black Lives Matter protests to increased attention on racial inequality and decreases in racial prejudice.

    Breaking down the data

    Meanwhile, support for government benefits for low-income people has also grown in recent years.

    To figure out whether increased support for Black people was tied into more support for government aid for the poor, I analyzed two national datasets by running a type of statistical analysis called “decomposition.”

    A decomposition analysis takes the difference between two groups and breaks it into different parts to explain what’s behind that difference. For example, decomposition analysis has been used to explain the pay gap between men and women. These analyses often find that part of the gender pay gap can be explained by differences in the average number of hours men and women work and by differences in the payoff to a college degree experienced by men and women, among other things. Instead of comparing men and women, I compare Americans in 2012 versus Americans in 2020.

    In my analysis, I found that improved attitudes toward Black people between 2012 and 2020, more than any other measure, explained increased support for welfare programs during that same period.

    A second factor also helps to explain the increased support for the safety net: Americans are exhibiting greater alignment between their racial and social policy attitudes.

    In the past, many Americans expressed support for racial equality in principle but opposed the policies that might actually achieve it. I found something new. In 2020, most Americans didn’t just say that they want racial equality in the abstract. They also expressed support for the programs they believed will bring it about.

    Supporters of the Civil Rights Movement demonstrate against racial segregation outside a Woolworth’s store in New York City in 1960.
    Keystone-France/Gamma-Keystone via Getty Images

    GOP voters have changed, too

    These progressive attitude shifts can even be found among Republican – albeit to a lesser extent. Republican politicians once appealed to voters by disparaging welfare recipients and Black people. In light of these attitude shifts, that approach no longer appears to be a recipe for political success in America.

    Instead, Republicans have made opposition to immigration central to their campaigns. Immigration is an issue where Republicans perform well with voters, and this strategy has paid off at the voting booth.

    But governing requires attention to more than just the issues that poll well.

    Particularly when it comes to decisions about the safety net, Republicans find themselves in an awkward position. As recent budget debates in the House have made clear, the goal of dramatically cutting government spending conflicts with promises to protect the social programs Republican voters increasingly support.

    The safety net may very well become a major liability for the Republican Party. To the extent that the GOP continues to back spending cuts for programs that help millions of low-income people, it will be out of step with many of its voters. But if it follows the lead of right-wing parties in Europe and supports the safety net, it will be at odds with many of its donors.

    Karyn Vilbig received funding for this work from the American Sociological Association’s Doctoral Dissertation Research Improvement Grant (ASA DDRIG).

    – ref. More Americans of all political stripes support government benefits for low-income people − and Black Lives Matter could be a big reason why – https://theconversation.com/more-americans-of-all-political-stripes-support-government-benefits-for-low-income-people-and-black-lives-matter-could-be-a-big-reason-why-247764

    MIL OSI – Global Reports –

  • MIL-OSI USA: Durbin Discusses Illinois’ Leadership In Quantum Computing With IBM

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    February 26, 2025

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL) today met with Dr. Jay Gambetta, Vice President of IBM Quantum, to discuss Illinois’ position as a leader in quantum computing.  During their meeting, Durbin received an update on IBM’s plans to join the Illinois Quantum Microelectronics Park (IQMP) on the South Side of Chicago.  IBM plans to build a commercial quantum computer at the park and train the needed quantum workforce through the National Quantum Algorithms Center. Illinois has invested $500 million to scale-up quantum computing and microelectronics research and development (R&D) by attracting companies, researchers, suppliers, and users to IQMP.  The quantum park is currently anchored by PsiQuantum, with plans for the Defense Advanced Research Project Agency to join the site soon.

    Durbin and Dr. Gambetta also strategized about a path forward for Durbin’s bipartisan Department of Energy (DOE) Quantum Leadership Act.  The legislation, which earned the endorsement of IBM, aims to reinvigorate R&D projects at DOE by authorizing more than $2.5 billion in funding over the next five years— well above the $625 million for DOE-related programs laid out in the now-expired National Quantum Initiative Act of 2018. 

    “Illinois is poised to be a global hub for quantum computing, and it’s critical that we continue to invest in R&D to keep the momentum going,” Durbin said.  “I sat down today with Dr. Jay Gambetta from IBM Quantum to hear about the company’s plans to join the IQMP campus.  We also discussed ways to garner more support for my bipartisan DOE Quantum Leadership Act.  We are on the path to lead the quantum revolution, and I will continue to be a champion for the quantum technology that will advance the medical, financial, and materials industries, among countless others.”

    A photo of the meeting is available here.

    Durbin has been a strong supporter of advancing quantum research.  Last July, he visited MxD in Chicago to discuss integrating quantum technology into manufacturing processes.  He also joined Illinois leaders to announce the new partnership between the Defense Advanced Research Projects Agency (DARPA) and Illinois—Quantum Proving Ground—to promote quantum computing research, development, and manufacturing in the state.  In June 2024, Durbin met with Dr. Stefanie Tompkins, Director of  DARPA, to discuss Illinois’ role in R&D in the defense industry.

    Last summer, Durbin joined Illinois leaders in celebrating the newly-announced location of the Illinois Quantum and Microelectronics Park’s (IQMP) location at USX on the South Side of Chicago and the announcement of the quantum campus’ first anchor tenant, PsiQuantum. Illinois plans to invest $500 million into the new quantum campus to attract Fortune 500 companies and startups in quantum computing.

    -30-

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Gatwick expansion unwanted, say Greens

    Source: Green Party of England and Wales

    by Green Party

    Responding to the Transport Secretary’s decision to pursue a positive decision for Gatwick Airport to bring its northern terminal into constant use, (1) Siân Berry Green MP for Brighton Pavilion said:

    “The Labour government is trashing its climate credentials one absurd decision at a time. Only one day after receiving critical advice from its own climate advisors on the need to lower flying demand, ministers continue to support yet more unnecessary expansion for the benefit of wealthy investors.

    “Pushing through these damaging plans shows such poor economic judgement. Over 100,000 extra flights a year won’t deliver for our communities. Labour should listen to the public who think airport expansion is the wrong priority. Most of us fly once a year if at all and would rather see cheaper train tickets and more bus routes instead to help with our daily journeys and create jobs where we live, in contrast with frequent flyers leaching money out of the economy.

    “The green economy grew by ten per cent last year, and this is where Labour should be investing to deliver high-wage, long-term jobs across the entire country.”

    (1) Transport planning: Gatwick Airport – GOV.UK

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Increase of domestic timber to boost UK economy and housebuilding

    Source: United Kingdom – Executive Government & Departments

    Press release

    Increase of domestic timber to boost UK economy and housebuilding

    New vision by government to deliver on its Plan for Change by increasing timber use in construction and boosting economic growth.

    Credit: BSW Timber

    A new roadmap to get Britain building with the use of sustainable and low carbon building materials, will help solve the housing crisis and achieve 2050 net zero targets.

    New, ambitious plans to increase the use of timber in construction to boost the domestic timber industry, economic growth, rural jobs and housebuilding targets, have been announced by Environment Minister Mary Creagh today (Thursday 27th February) at the Timber in Construction (TiC) Summit in London.

    The government has outlined new methods to deliver on its Plan for Change that will help to build 1.5million sustainable and affordable homes, create a low-waste circular construction sector and drive further investment into domestic timber and wood-processing supply chains.

    Speaking at the TiC Summit, Minister Creagh confirmed the government will recommit to the Timber in Construction Roadmap, which outlines measures to increase the use of timber in the construction sector. 

    David Hopkins (CEO of Timber Development UK), Defra Environment Minister Creagh, Andrew Carpenter (CEO of Structural Timber Association) , Andy Leitch (Deputy Chief Executive of Confor) at the Timber in Construction Summit, London, February 2025 Credit: Timber Development UK

    Using timber in construction is one of the best ways to reduce emissions from buildings. Around 25% of the UK’s greenhouse gas emissions are from the built environment, and larger buildings can store up to 400% more carbon when built out of engineered timber products compared to when built with concrete. Currently only 80% of the timber the UK uses is imported.

    The new Timber in Construction Roadmap outlines more ambitious Government priorities and key actions including:

    • Encouraging the use of sustainable, low carbon building materials, and ensuring carbon emissions are considering during the design, construction and use of buildings.
    • Fulfilling the Government’s commitment to delivering 1.5m homes this Parliament by using Modern Methods of Construction (MMC) including the use of timber, to boost productivity in housebuilding and deliver high quality, energy efficient new homes.
    • Creating a circular economy by championing timber’s potential for a clean growth future – supporting the construction sector to use the most sustainable, low carbon materials and construction techniques.
    • Accelerating economic growth by creating new and diverse green jobs in the productive forestry and timber sectors, as well as stimulating further investment into domestic timber and wood processing supply chains.

    These actions will go alongside recommitting to existing plans such as promoting timber as a construction material, boosting skills and capacity across the supply chain and increasing the supply of sustainable timber products.

    Environment Minister Mary Creagh said:

    “This Government is getting Britain building.

     “Our Plan for Change will build 1.5 million homes this Parliament. Timber will play a vital role benefitting development and nature.”

    Forestry Commission Chief Executive, Richard Stanford said: 

     ”To reach net zero, we must increase timber production from homegrown trees and use that timber in our buildings to sequester carbon. The Timber in Construction Roadmap will propel forestry production in England to ensure timber security, reduce our dependence on imports, and address the nature crisis by boosting biodiversity, improving water quality, and providing more green spaces for people.

    “The Forestry Commission will continue to collaborate closely with partners from the timber, forestry, and construction sectors in this critical area of work for many years ahead”.

    Alex Goodfellow, Chair of the Confederation of Timber Industries, and CEO of Donaldson Offsite said:

    “The Minister’s support for the Timber in Construction Roadmap shows the Government’s firm commitment to a growth agenda: growth for forestry, for housing, for low-carbon skills and for the economy. The timber supply chain is a major economic player in the UK, connecting rural and urban environments. 

    “Timber frame construction is a well-proven technology and business model for delivering houses rapidly and sustainably while improving quality.  By accelerating this growth we can build more low-carbon housing today while providing a market pull for expanding forests. As a supply chain we will support the Government to deliver on all of the goals in the Roadmap and help build a more sustainable future.”

    The amended Roadmap goes further than previous Government commitments, setting out more ambitious targets and actions to increase the use of homegrown timber in construction in a move to reduce carbon emissions, provide green jobs of the future, create affordable and sustainable housing, and drive-up economic growth.

    Increasing the domestic production of timber will create new green jobs in the forestry and wood processing sectors, which contribute over £3bn to the UK economy.

    Updates to this page

    Published 27 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Pharmacist sentenced for Covid-19 grant fraud

    Source: City of Wolverhampton

    Sundip Gill is a registered pharmacist trading from four separate business premises located in Wolverhampton, including chemist shops named Collateral, Your Pharmacy First, Low Hill Pharmacy, and Fallings Park Pharmacy. He is also a director of 2 pharmaceutical companies, Sync Chem Ltd and Collateral Ltd.

    During the Covid 19 pandemic, the Government introduced grants to assist and support local businesses to continue to trade.

    The City of Wolverhampton Council allocated extra funding through the introduction of its Relight Programme. The grants were designed to support local businesses to improve their premises and increase carbon efficiency, with 2 types of grants available, both intended to support the recovery of the local economy.

    Businesses could apply for both grants and, if they met the qualifying criteria, would be awarded up to £5,000 for each successful application. Applications had to be accompanied by 2 like for like quotations for planned improvement works.

    Gill submitted 8 grant applications to the Relight Programme and could potentially have received a total of £40,000.

    However, the council’s Counter Fraud Team were alerted to discrepancies with the quotations supplied by Gill leading to further checks whereupon it was discovered that Gill had submitted fake quotations in support of his grant applications.

    Following a detailed investigation, Gill was charged with 18 offences of dishonesty and Sync Chem Ltd and Collateral Ltd were charged with 6 offences of dishonesty, all under sections 1, 2 and 7 of the Fraud Act 2006.

    Gill denied the charges but was subsequently found guilty on all counts and, at Dudley Magistrates Court on Friday (21 February, 2025), Gill was sentenced to 20 weeks imprisonment suspended for 12 months, 200 hours unpaid work to be completed within 12 months and ordered to pay £3,000 costs and a £128 victim surcharge. Meanwhile, Sync Chem Ltd was ordered to pay a fine of £12,000, £2,500 costs, and a £190 victim surcharge and Collateral Ltd was ordered to pay a fine of £6,000, £2,500 costs, and £190 victim surcharge.

    During sentencing District Judge Graham Wilkinson told Gill: “You have been convicted for being fully involved in fraud and your attempts to exploit a system to assist legitimate businesses.” He added that Gill had shown “no remorse.”

    Councillor Louise Miles, the council’s Cabinet Member for Resources, said: “The Relight Programme was designed to support local business through, and to recover from, the Covid-19 pandemic, and not to be abused in the way that it was by Sundip Gill.

    “The council has a policy of zero tolerance towards public sector fraud. It is far from a victimless crime, and its impacts ripple through our society, affecting every individual and the services we all rely on, and we will not hesitate to take action in instances like this.”

    MIL OSI United Kingdom –

  • MIL-OSI USA: Gross Domestic Product, 4th Quarter and Year 2024 (Second Estimate)

    Source: US Bureau of Economic Analysis

    Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November, and December), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent.

    The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased. For more information, refer to the “Technical Notes” below.

    Real GDP was revised up by less than 0.1 percentage point from the advance estimate released last month, primarily reflecting upward revisions to government spending and exports that were partly offset by downward revisions to consumer spending and investment.

    Compared to the third quarter, the deceleration in real GDP in the fourth quarter primarily reflected downturns in investment and exports that were partly offset by an acceleration in consumer spending. Imports turned down.

    The price index for gross domestic purchases increased 2.3 percent in the fourth quarter, revised up 0.1 percentage point from the previous estimate. The personal consumption expenditures (PCE) price index increased 2.4 percent, revised up 0.1 percentage point. Excluding food and energy prices, the PCE price index increased 2.7 percent, revised up 0.2 percentage point.

    Real GDP and Related Measures
    (Percent change from Q3 to Q4)
      Advance Estimate Second Estimate
    Real GDP 2.3 2.3
    Current-dollar GDP 4.5 4.8
    Gross domestic purchases price index 2.2 2.3
    PCE price index 2.3 2.4
    PCE price index excluding food and energy 2.5 2.7

    GDP for 2024

    Real GDP increased 2.8 percent in 2024 (from the 2023 annual level to the 2024 annual level), the same as previously estimated. The increase in real GDP in 2024 reflected increases in consumer spending, investment, government spending, and exports. Imports increased.

    The price index for gross domestic purchases increased 2.4 percent in 2024, revised up 0.1 percentage point. The PCE price index increased 2.5 percent, the same as the previous estimate. Excluding food and energy prices, the PCE price index increased 2.8 percent, also the same as the previous estimate.

    Next release: March 27, 2025, at 8:30 a.m. EDT
    Gross Domestic Product (Third Estimate)
    Corporate Profits
    Gross Domestic Product by Industry
    4th Quarter and Year 2024

    For definitions, statistical conventions, updates to GDP, and more, visit “Additional Information.”

    Technical Notes

    Sources of revisions to real GDP in the second estimate

    Real GDP increased at an annual rate of 2.3 percent (0.6 percent at a quarterly rate1), an upward revision of less than 0.1 percentage point from the previous estimate, primarily reflecting upward revisions to government spending and exports that were partly offset by downward revisions to consumer spending and investment. Imports, which are a subtraction in the calculation of GDP, were revised down.

    • The revision to government spending primarily reflected an upward revision to federal government spending (notably, defense consumption expenditures), based on Bureau of Labor Statistics (BLS) employment data.
    • For both exports and imports, the revised estimates primarily reflected updated data from BEA’s International Transactions Accounts as well as new and revised Census Bureau trade in goods data for December. The revision to imports was led by a downward revision to other goods, reflecting a downward revision to the territorial adjustment.2
    • The downward revision to consumer spending reflected a downward revision to goods that was partly offset by an upward revision to services.
      • Within goods, the downward revision was led by other durable goods (notably, jewelry and watches), based on revised Census Bureau Monthly Retail Trade Survey (MRTS) data.
      • Within services, the upward revision was led by recreation services (led by video and audio streaming and rental), based primarily on financial reports for publicly traded companies, and food services, based on revised Census MRTS data.
    • The downward revision to investment reflected a downward revision to nonresidential fixed investment that was partly offset by an upward revision to private inventory investment.
      • Within nonresidential fixed investment, the leading contributor to the downward revision was intellectual property products (led by research and development), based on R&D expenses reported by publicly traded companies.
      • Within private inventory investment, the revision primarily reflected an upward revision to nonfarm inventories (led by merchant wholesale), based primarily on revised Census Bureau book value data.

    More information on the source data and BEA assumptions that underlie the fourth-quarter estimate is shown in the key source data and assumptions table.

    1. Percent changes in quarterly seasonally adjusted series are displayed at annual rates, unless otherwise specified. For more information, refer to the FAQ Why does BEA publish percent changes in quarterly series at annual rates?. 

    2. Consists of transactions between the United States and its territories, Puerto Rico, and the Northern Mariana Islands. The treatment of U.S. territories, Puerto Rico, and the Northern Mariana Islands in the National Income and Product Accounts (NIPAs) differs from that in the International Transactions Accounts (ITAs). In the NIPAs, U.S. territories are included in the rest of the world; in the ITAs, they are treated as part of the United States.

    MIL OSI USA News –

  • MIL-OSI: OMS Energy Technologies Inc. Announces Launch of Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 27, 2025 (GLOBE NEWSWIRE) — OMS Energy Technologies Inc. (“OMS” or the “Company”), a growth-oriented manufacturer of surface wellhead systems and oil country tubular goods for the oil and gas industry, today announced that it has launched its proposed initial public offering of 5,555,556 of its ordinary shares. The underwriter will have a 45-day option to purchase up to an additional 833,333 ordinary shares from OMS at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $8.00 and $10.00 per ordinary share. The shares are subject to approval for listing on the Nasdaq Capital Market under the proposed ticker symbol “OMSE.”

    Roth Capital Partners is acting as the sole manager for the offering.

    The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from: Roth Capital Partners, LLC, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800) 678-9147, email at rothecm@roth.com.

    When available, to obtain a copy of the prospectus free of charge, visit the Securities and Exchange Commission’s (“SEC”) website, www.sec.gov, and search under the registrant’s name, “OMS Energy Technologies Inc.” The initial public offering is subject to market and other conditions, and there can be no assurance as to whether or when it may be completed.

    A registration statement relating to the offering has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press 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 OMS Energy Technologies Inc.

    OMS Energy Technologies Inc. is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers.

    Cautionary Note About Forward-Looking Statements

    The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance and include statements regarding the expected size, timing and results of the initial public offering. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “budget,” “plan,” “seek,” “envision,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” as well as the negative of these terms and similar expressions, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.

    Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in OMS’s prospectus filed with the SEC in connection with the proposed initial public offering. OMS undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

    For investor and media inquiries, please contact:

    OMS Energy Technologies Inc.
    Investor Relations
    Email: ir@omsos.com

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    Email: oms@thepiacentegroup.com

    Hui Fan
    Tel: +86-10-6508-0677
    Email: oms@thepiacentegroup.com

    The MIL Network –

  • MIL-OSI: Fusion Fuel Appoints Luisa Ingargiola to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Feb. 27, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of gas and hydrogen energy solutions, today announced the appointment of Luisa Ingargiola to its Board of Directors, effective February 24, 2025. Ms. Ingargiola will serve as chairperson of the Audit Committee, replacing Rune Magnus Lundetrae, who will remain a member of the Board. She will also serve as a member of the Nominating Committee, Audit Committee, and Compensation Committee. Following Ms. Ingargiola’s appointment, the Board will be comprised of six directors, four of whom have been determined by the Board to be “independent directors” under the Nasdaq Listing Rules.

    Commenting on the appointment, Jeffrey Schwarz, Chairman of Fusion Fuel, said, “Luisa’s extensive experience in public company governance, capital markets, and financial oversight, coupled with her track record of supporting high-growth companies through complex strategic and financial initiatives, make her a tremendous asset to Fusion Fuel. Her expertise will be invaluable as we continue to execute our business strategy and drive long-term value creation. On behalf of my fellow directors, I want to welcome Luisa and look forward to benefiting from her insight and leadership as we build the new Fusion Fuel and position the company for sustainable growth.”

    Ms. Ingargiola currently serves as Chief Financial Officer of Avalon GloboCare Corp. (Nasdaq: ALBT) and as a board director for Vision Marine Technologies, Inc. (Nasdaq: VMAR) and BioCorRx Inc. (OTCQB: BICX), where she also chairs the Audit Committees. Earlier in her career, Ms. Ingargiola was CFO and co-founder of BBHC, Inc., formerly known as MagneGas Corporation. Ms. Ingargiola graduated from Boston University with a bachelor’s degree in Business Administration and a concentration in Finance. She also received a Master of Health Administration from the University of South Florida.

    About Fusion Fuel Green PLC

    Fusion Fuel Green PLC (Nasdaq: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al-Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.

    Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.

    Investor Relations Contact
    ir@fusion-fuel.eu

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –

  • MIL-OSI: Attestiv Video Deepfake Detection Adds Context Analysis, Using AI to Further Uncover Deepfake Threats

    Source: GlobeNewswire (MIL-OSI)

    LEHI, Utah, Feb. 27, 2025 (GLOBE NEWSWIRE) — Emerging technologies like artificial intelligence can significantly improve business efficiency. At the same time, AI makes generating deepfakes to commit fraud and support crime easier. AI-generated deepfakes are increasingly used to cheat consumers and businesses, costing more than $12 billion in 2023 and expected to rise to $40 billion in losses by 2027. To help organizations combat deepfakes, Attestiv has upgraded its video deepfake detection platform with new Context Analysis capabilities so anyone can identify deepfake video threats before they lead to losses or harm.

    Attestiv has added new Context Analysis features to Attestiv Video deepfake detection, using generative AI to identify digitally altered video content and uncover potential malicious deepfake scams. The new features examine a video file’s context, including metadata, descriptions, and transcript to detect signs of modifications that indicate deepfakes or malicious content.

    The threat landscape for AI-powered deepfakes continues to expand, rising 700% in 2023. Cybercriminals use generative AI to create fictitious social media posts for social engineering, spear phishing, and confidence and investment fraud. Cybercriminals are increasingly targeting businesses, creating phony celebrity endorsements or deepfake content to impersonate company executives, law enforcement, and authority figures to commit fraud. The new Context Analysis in Attestiv Video helps quickly assess the validity of any video, providing a summary of authenticity at a glance.

    “Attestiv represents a valuable tool in our arsenal to detect manipulated videos, particularly those created or edited using generative AI” said Steven Kline, founder of Pixel Analysis LLC a digital media forensics company based in Connecticut.

    “As the deepfake threat landscape expands, we continue to level the playing field with new capabilities to defend against deepfakes,” said Nicos Vekiarides, CEO of Attestiv. “Our new Context Analysis adds generative AI technology to better uncover deepfakes. We believe everyone should have access to tools to protect themselves from deepfakes, so we offer Attestiv Video with Context Analysis for consumers and businesses, starting at no cost.”

    Attestiv Video Deepfake Detection is available as a free, entry-level solution, enabling free scans of up to five videos per month. Those who need more scans and faster scan times can upgrade to Attestiv’s premium Video with enhanced scan fidelity, advanced analysis settings, and higher scan queue priority. Businesses likewise can upgrade to business or enterprise plans which offer even more features and dedicated or regional deployments that include APIs.

    For more information, visit. www.attestiv.com.

    About Attestiv

    Attestiv offers the industry’s first cloud-scale fraud protection platform for videos, photos, and documents, serving the insurance, financial services, cybersecurity, news, and media sectors. Utilizing patented AI analysis and tamper-proofing technology, Attestiv enables protection against media tampering, alteration, and generative AI, ensuring the highest standards of trust for your business. For more information, please visit https://attestiv.com.

    Media contact:

    Len Fernandes
    Firecracker PR
    len@firecrackerpr.com
    1-888-317-4687

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/53e529ec-0ec2-4e16-a0a1-db99ca43015a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/517dcfee-7c50-4589-b4ed-3f73b3e5267a

    The MIL Network –

  • MIL-OSI: Sezzle Reaches Significant Milestones as Canada’s Favourite Buy Now, Pay Later App

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Sezzle Inc. (NASDAQ:SEZL) (Sezzle or Company) // – Sezzle, the leading “Buy Now, Pay Later” (BNPL) solution in Canada, is proud to announce a series of significant milestones that highlight its continued growth and success. With 1.5 million Canadian users, Sezzle continues to cement its position as the highest-rated and most-reviewed BNPL app on the Canadian App Store. The platform is approaching 5 million total orders and has surpassed 50,000 Sezzle Up users—individuals working to improve their financial wellness through opt-in credit reporting.

    New partnerships with retailers such as Manitobah, Allbirds Canada, Tristan, Clément, and Atlas Tools & Machinery have further fueled Sezzle’s rapid expansion. By offering flexible payment options at these popular retailers, Sezzle is helping Canadian shoppers enjoy a more seamless and rewarding experience.

    “Finding new shoppers with Sezzle has been a significant win for us,” said Mike Wodtke, Chief Marketing Officer at Manitobah. “From an easy implementation process to marketing partnerships that have broadened our brand reach, Sezzle has been with us every step of the way. Since adding Sezzle, 65% of Sezzle transactions were brand new customers to Manitobah, and we’ve seen a 20% increase in Average Order Value (AOV).”

    These recent partnership launches underscore Sezzle’s continued growth in the Canadian market and its dedication to providing flexible and innovative financial solutions. Key achievements include:

    • 1.5 million all-time user sign-ups in Canada
    • Becoming the highest-rated and most-reviewed BNPL app on the Canadian App Store
    • Approaching 5 million total orders
    • Surpassing 50,000 Sezzle Up users, a program giving users the opportunity to build credit history through credit reporting

    This momentum represents a significant milestone in Sezzle’s growth and reinforces its role as a leader in flexible payment solutions for Canadian consumers. “Collaborating with well-known, trusted brands has been central to our strategy as we continue expanding our reach and delivering innovative financial tools,” said Patrick Chan, Sezzle Canada GM. “As we surpass 1.5 million user sign-ups and approach 5 million total orders, we’re more committed than ever to driving growth, empowering consumers, and providing Canadians with the best BNPL experience.”

    As Sezzle Canada continues to expand, it remains dedicated to empowering consumers and delivering outstanding shopping experiences for both consumers and retailers alike.

    Download the Sezzle App on the Apple App Store and Google Play Store, and explore Sezzle’s wide selection of Canadian merchants here.

    About Sezzle Inc.

    Sezzle is a forward-thinking fintech company committed to financially empowering the next generation. Through its purpose-driven payment platform, Sezzle enhances consumers’ purchasing power by offering interest-free installment plans, both online and in-store. With a focus on transparency, inclusivity, and ease of use, Sezzle provides consumers with the tools to manage their spending responsibly, take control of their finances, and achieve lasting financial independence.

    For additional assets and news on Sezzle please visit https://my.sezzle.com/news/  

    Follow Sezzle on social media: LinkedIn | Instagram | Facebook| Twitter

    Sezzle Media Contact:

    Erin Foran

    Tel: (651) 403-2184

    Email: erin.foran@sezzle.com

    The MIL Network –

  • MIL-OSI: authID to Report Fourth Quarter and Full Year 2024 Financial Results on March 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Feb. 27, 2025 (GLOBE NEWSWIRE) — authID® (Nasdaq: AUID) (“authID”), a leading provider of biometric identity verification and authentication solutions, today announced the Company will report financial results for the fourth quarter and full year ended December 31, 2024 on Thursday, March 13, 2025 after the market close. Following issuance of the earnings release, authID Chief Executive Officer, Rhon Daguro and Chief Financial Officer, Ed Sellitto will host a webcast at 5:00 p.m. EDT to discuss the financial results and provide a corporate update.

    To participate on the live conference call, please access this registration link and you will be provided with dial-in details. To avoid delays, participants are encouraged to dial into the conference call 15 minutes ahead of the scheduled start time. A live webcast of the call will be available on the “Events & Presentations” page of the Company’s website at investors.authid.ai. Only participants on the live conference call will be able to ask questions.

    A replay of the event and a copy of the presentation will also be available for 90 days at authID’s Investor Relations Events.

    About authID Inc.

    authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user’s identity and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, biometric authentication, and account recovery with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. With our ground-breaking PrivacyKey Solution authID delivers all the benefits of biometric identity verification, with a 1-to-1-billion false match rate, while storing no biometric data. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, prevents account takeover, eliminates password risks and costs, and provides the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem. Contact us to discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks and account takeover.

    Investor Relations Contact

    Gateway Group, Inc.
    1-949-574-3860
    AUID@gateway-grp.com

    The MIL Network –

  • MIL-OSI: CIRA’s Net Good Grants champion community-led initiatives to strengthen Canada’s internet

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Feb. 27, 2025 (GLOBE NEWSWIRE) — The time has never been better to help build a resilient internet in Canada, something that CIRA has been championing for years and has taken on a whole new level of urgency. A strong internet empowers Canada’s economy and provides opportunity for people across the country to build digital skills, start new businesses and advocate for their communities. This year, CIRA is launching the 12th edition of its Net Good Grants program offering over $1,000,000 in grant funding to boost community-led responses to Canada’s digital divide and strengthen our economy.

    CIRA’s Net Good Grants provide financial support to organizations looking to research and develop solutions that get communities online safely, affordably and resiliently. CIRA empowers community-led initiatives to take the lead on addressing access and affordability challenges head on, with a focus on ensuring rural, Northern and Indigenous communities are heard and served. Communities and projects like these have benefitted from CIRA funding:

    • Fort Smith Metis Council in Northwest Territories now have connectivity that offers emergency communications, safety, data mapping and enhanced recreational activities in the campsite area well outside the Fort Smith townsite, used year-round by youth camps, elders and tourists
    • Malahat Nation in British Columbia is now running their own sovereign fibre internet service to community buildings and households that plugs into the single main line coming from the external ISP
    • The first-ever Canadian Youth Internet Governance Forum, a platform for young Canadians, convened to discuss and advocate around internet policy, access to connectivity and youth leadership

    CIRA Net Good Grants 

    For its 12th edition, CIRA’s Net Good Grants will award each project up to $100,000 with a total investment of over $1,000,000. This investment is a key part of Net Good by CIRA’s commitment to build a more sustainable online future for Canadians everywhere. The funding will power essential projects in three core areas: 

    • Infrastructure: connectivity research, network planning and solutions to improve internet access, speed and affordability. 
    • Policy engagement: events, research and policy ecosystem work that broadens public awareness in domestic internet policy and governance. 
    • Online safety: research, educational frameworks, tools, consultations and training programs that increase Canadians’ safety against cybersecurity threats. 

    Applications will be accepted from every province and territory with a focus on projects that benefit rural, Northern or Indigenous communities or K-12 and post-secondary students. CIRA especially encourages applications for eligible projects in the Prairies, Quebec, the North and the Maritimes to help ensure funding reaches traditionally underserved communities. 

    Executive quote 

    “Many Canadians, particularly those in rural and remote areas, do not have adequate access to high-quality internet. That drives CIRA to partner with organizations that are determined to strengthen local communities by delivering internet programs tailored to their residents through our Net Good Grants program. This year, we are keen to invite applications for community-led solutions that address digital challenges in rural, Northern and Indigenous communities across Canada.” 

    — Charles Noir, Vice-president of Community Investment, Policy & Advocacy 

     Who is eligible to apply? 

    • Organizations recognized by the Canada Revenue Agency as registered charities; 
    • Not-for-profit organizations; 
    • Indigenous communities; and 
    • Academics and researchers affiliated with a Canadian university or college. 

    Last year, CIRA awarded a total of $1.25 million in grant funding to 15 community-led internet initiatives that improve the lives of Canadians online. For the 2025 edition, a distinguished cross-Canada panel will review, select funding applications and notify all applicants of the grant decisions by July. Organizations are encouraged to submit their application before the deadline on April 9, at 2 p.m. ET / 11 a.m. PT. A webinar in English on March 4 at 1 p.m. ET and in French on March 5 at 1 p.m. ET will be hosted for all interested applicants.

    Additional information 

    About CIRA  

    CIRA is the national not-for-profit best known for managing the .CA domain on behalf of all Canadians. As a leader in Canada’s internet ecosystem, CIRA offers a wide range of products, programs and services designed to make the internet a secure and accessible space for all. CIRA advocates for Canada on both national and international stages to support its goal of building a trusted internet for Canadians by helping shape the future of the internet. 

    About Net Good by CIRA and CIRA Grants  

    Net Good by CIRA supports communities, projects and policies that make the internet better for all Canadians. CIRA proudly funds Net Good by CIRA from the revenue CIRA generates through .CA domains and cybersecurity services. CIRA Grants is one of CIRA’s most valuable contributions to Net Good, with nearly $12 million invested in hundreds of community-led internet projects across Canada that address infrastructure, online safety and policy engagement needs. 

    Media contact 
    Delphine Avomo Evouna 
    CIRA 
    delphine.avomoevouna@cira.ca  
    613-315-1458 

    The MIL Network –

  • MIL-OSI: Captivision Appoints John Jureller to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 27, 2025 (GLOBE NEWSWIRE) — Captivision Inc. (“Captivision” or the “Company”) (NASDAQ: CAPT), a pioneering manufacturer and global LED solution provider, today announced the appointment of John Jureller to its Board of Directors, effective immediately. Mr. Jureller will also serve as Chair of the Company’s Audit Committee, bringing extensive financial leadership and corporate governance expertise to the Company.

    With experience spanning consumer products, communications, private equity, real estate, and healthcare, Mr. Jureller has held key financial leadership roles at multinational public and private companies. He has played an instrumental role in growth capitalizations and strategic transactions for small and micro-cap companies. His former corporate affiliations include PepsiCo, Frontier Communications, General Atlantic and Bankers Trust (now part of Deutsche Bank).

    “We are pleased to welcome John to Captivision’s Board of Directors,” said Gary Garrabrant, Chairman and CEO of Captivision. “John brings a wealth of experience and expertise to our board and our company. His career is distinguished by a rare combination of leadership roles with major corporations and dynamic entrepreneurial enterprises.”

    Mr. Jureller holds an M.B.A. in Finance from Cornell University’s Johnson Graduate School of Management and a B.S. with Distinction from Cornell University.

    About Captivision

    Captivision is a pioneering manufacturer of media glass, combining IT building material and architectural glass. The product has a boundless array of applications including entertainment media, information media, cultural and artistic content as well as marketing use cases. Captivision can transform any glass façade into a transparent media screen with real time live stream capability. Captivision is fast becoming a solution provider across the LED product spectrum.

    Captivision’s media glass and solutions have been implemented in hundreds of locations globally across sports stadiums, entertainment venues, casinos and hotels, convention centers, office and retail properties and airports. Learn more at http://www.captivision.com/.

    Cautionary Note Regarding Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies, or expectations for the Company’s respective businesses. These statements are based on the beliefs and assumptions of the management of the Company. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot assure you that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts, and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “believe”, “can”, “continue”, “expect”, “forecast”, “may”, “plan”, “project”, “should”, “will” or the negative of such terms, and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

    The risks and uncertainties include, but are not limited to: (1) the ability to raise financing in the future and to comply with restrictive covenants related to indebtedness; (2) the ability to realize the benefits expected from the business combination and the Company’s strategic direction; (3) the significant market adoption, demand and opportunities in the construction and digital out of home media industries for the Company’s products; (4) the ability to maintain the listing of the Company’s ordinary shares and warrants on Nasdaq; (5) the ability of the Company to remain competitive in the fourth generation architectural media glass industry in the face of future technological innovations; (6) the ability of the Company to execute its international expansion strategy; (7) the ability of the Company to protect its intellectual property rights; (8) the profitability of the Company’s larger projects, which are subject to protracted sales cycles; (9) whether the raw materials, components, finished goods, and services used by the Company to manufacture its products will continue to be available and will not be subject to significant price increases; (10) the IT, vertical real estate, and large format wallscape modified regulatory restrictions or building codes; (11) the ability of the Company’s manufacturing facilities to meet their projected manufacturing costs and production capacity; (12) the future financial performance of the Company; (13) the emergence of new technologies and the response of the Company’s customer base to those technologies; (14) the ability of the Company to retain or recruit, or to effect changes required in, its officers, key employees, or directors; (15) the ability of the Company to comply with laws and regulations applicable to its business; and (16) other risks and uncertainties set forth under the section of the Company’s Annual Report on Form 20-F entitled “Risk Factors.”

    These forward-looking statements are based on information available as of the date of this press release and the Company’s management team’s current expectations, forecasts, and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside the control of the Company and its directors, officers, and affiliates. Accordingly, forward-looking statements should not be relied upon as representing the Company management team’s views as of any subsequent date. The Company does not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.

    Media Contact:
    Gateway Group
    Zach Kadletz
    +1 949-574-3860
    CAPT@gateway-grp.com

    Investor Contact:
    Gateway Group
    Ralf Esper
    +1 949-574-3860
    CAPT@gateway-grp.com

    The MIL Network –

  • MIL-OSI: From bootstrapped to scale: Venture builder Disrupt.com to invest $100M to fuel next generation of AI startups from the UAE

    Source: GlobeNewswire (MIL-OSI)

    Dubai, Feb. 27, 2025 (GLOBE NEWSWIRE) — While venture capital funding contracted globally in 2024, three founders who turned their bootstrapped startup into a $350M exit are taking a contrarian approach. Today, UAE-based venture builder Disrupt.com announces a $100M commitment to build and back AI-first technology ventures globally.

    Founded by Aaqib Gadit, Uzair Gadit, and Umair Gadit – three university friends who grew up in the same household – Disrupt.com represents the founders’ reinvestment of capital following their successful 2022 exit of cloud hosting platform Cloudways to US-listed Digital Ocean Holdings. The $350M acquisition marked the largest exit in Pakistan’s technology sector to date, with the founders now channeling their entrepreneurial expertise and capital back into the ecosystem through a unique venture building approach from their UAE headquarters.

    Disrupt.com founders: (L to R) Aaqib Gadit, Umair Gadit and Uzair Gadit.

    Having already deployed over $40M across their portfolio – including in four growth-stage companies built from idea stage, seven investments in early-stage companies, and an exit valued at $350 million – this new $100M commitment represents a significant expansion of their venture building activities. With a dedicated team of 650+ professionals, Disrupt.com provides not just capital but also the technical and operational expertise startups need to scale.

    “Now is the time to be doubling down on our experience,  financial investment and commitment required to help build the next wave of startups that will shape the future of the world as we know it. With Web 3.0 in its infancy and AI storming into our lives, the opportunity to problem solve and create businesses that will fit the needs of how people live and work is up for the taking. Our region can not only keep up, but lead the way. We are excited to see where this journey will take us,” said founding partner Aaqib Gadit. 

    Unlike traditional venture capital firms, Disrupt.com employs a three-pronged approach to creating value: building their own startups from scratch, co-building ventures alongside external founders, and making strategic investments in early-stage startups and VC funds. Through their unique ‘CoBuild’ model, they function as fractional co-founders, providing dedicated engineering, go-to-market, and operations teams to drive early adoption in a capital-efficient way.

    The firm’s $100M commitment targets five strategic sectors: artificial intelligence as a cross-cutting theme, plus cybersecurity, Web3.0, automotive technology, and retail innovation. Disrupt.com primarily targets pre-seed to Series A stage startups that demonstrate strong organic growth potential and clear paths to profitability, rather than pursuing growth at all costs.

    The announcement comes as regional funding has declined sharply, with MENA venture capital investment down 29% to just under $2B in 2024, according to Magnitt. Saudi startups saw a 44% funding drop to $750M, while UAE funding decreased 8% to $613M, creating a challenging environment for early-stage ventures.

    Disrupt.com’s current portfolio showcases their model’s effectiveness, including ZigChain, a Web3.0 platform that has scaled to 500,000+ users and hundreds of millions in managed assets; PureSquare, a cybersecurity venture; and UAE-homegrown fitness apparel brand Squatwolf. The firm has already deployed capital as a strategic investor in several AI-focused startups including organizational transformation platform Agentnoon and climate action scaling tool Ahya.

    Bartolome R. Bordallo, Co-Founder & CEO of ZigChain, highlighted the venture builder’s distinctive approach: “Some investors write checks. Disrupt.com builds with you. They’ve helped us scale from a few early adopters to managing hundreds of millions in assets and launching our own blockchain.”

    Anam Khalid and Wajdan Gul, Co-founders of UAE-based fitness apparel brand Squatwolf, emphasize the founder-first approach: “With Disrupt, you get founder-friendly partners because they’re founders themselves. They understand our challenges and opportunities in a way traditional investors simply cannot.”

    Looking ahead, Disrupt.com will direct its $100M commitment toward ventures with strong product-market fit, well-researched idea-market alignment, and robust unit economics pointing toward profitability.

    Ends

    Media images can be found here. 

    About Disrupt
    Disrupt.com is a leading venture builder and investor that partners with ambitious entrepreneurs to build, scale and invest in high-potential, globally focused technology startups. With a focus on transformative technologies and innovative business models that reshape industries – the firm is dedicated to providing entrepreneurs hands-on expertise and navigating the challenging path to scale.

    With a portfolio of 10+ companies, including notable exits such as the $350 million acquisition of Cloudways by DigitalOcean, the firm provides a combination of strategic guidance, operational expertise, and access to a network of industry leaders. These resources enable startups to achieve the milestones necessary for long-term success. For more information please visit: https://disrupt.com/ 

    The MIL Network –

  • MIL-OSI United Kingdom: Minister for Gambling Baroness Twycross’s speech to the Betting and Gaming Council AGM 2025

    Source: United Kingdom – Executive Government & Departments

    Speech

    Minister for Gambling Baroness Twycross’s speech to the Betting and Gaming Council AGM 2025

    Minister for Gambling Baroness Twycross’s speech to the Betting and Gaming Council Annual General Meeting 2025

    Good morning everyone. Thank you for the invitation to speak today. It is great to be here to speak to so many of you.

    It was a huge privilege to be appointed as the Government’s gambling minister last year. I would like to thank everyone I have met so far for sharing your knowledge and perspectives on your sector. I am particularly grateful to Michael and Grainne for their constructive engagement on key issues facing your industry. 

    I have also enjoyed meeting a range of people from the wider gambling sector, such as John from Bacta, and Miles from the Bingo Association. 

    Whilst you are all facing different issues, I recognise there are key similarities, one thing you also do have in common is the experience and passion there is in the industry.  

    In my short time in post, I have seen the value this sector brings. Not just in tax receipts and jobs created, but as a leisure activity, for example through a day at the races, enjoying a game of bingo, or time spent in a seaside arcade. 

    I have enjoyed being shown round the Grosvenor casino in Liverpool last year and the Hippodrome earlier this month, and look forward to visiting more venues as soon as possible. 

    You will know that the Government is focused on economic growth. I believe that a growing gambling sector is compatible with creating an even safer one. I want a gambling sector in this country that is one we can be proud of – one that offers good jobs, interesting careers, brings social value, and is one that people enjoy while having vital protections in place. 

    As set out in our manifesto, and as you will be aware, we are also committed to reducing harmful gambling. The licensed, regulated gambling industry is a crucial part of that. 

    I want to work with you to see a safer, more responsible gambling industry. 

    I know that the vast majority of people who gamble do so without experiencing harm, but it is in all our interests that we do better for those customers who could be vulnerable to gambling harm. I have found it helpful to hear from a number of you about measures you are already taking. 

    I am pleased to be able to update you on significant progress on key reforms that deliver on the Government’s agenda.  

    I am sure many of you will have followed the progress of the statutory gambling levy in Parliament over the last few weeks. The legislation has been affirmed by both Houses and became law on Tuesday this week. It will come into force on the 6th of April and operators will be required to make their first levy payments by the 1st of October.

    I know the BGC has been largely supportive of the introduction of a levy, and we recognise the work done by the sector through the voluntary levy previously. This is a huge step forward for the sector and will see increased investment to expand projects and services to reduce harmful gambling. I know that we have a shared aim in this area. 

    The financial support that BGC members have given to research, prevention and treatment services has enabled people in need access to crucial treatment services, and laid a foundation which the levy can build on. It is vital that funding for these services is maintained in the transition to the levy. I welcome the BGC’s commitment that this will be delivered.

    We have now appointed the commissioning bodies for research, prevention and treatment. 

    We are working at pace with the Office for Health Improvement and Disparities, NHS England, UK Research and Innovation, and with partners in Scotland and Wales, to build robust foundations for the future system. 

    It is crucial we put the right commissioning, accountability and governance arrangements in place. 

    We want to build on the successes of the current system. But the levy will mean funding certainty. This will allow the expert bodies we have appointed to boost efforts to further understand, tackle, and treat gambling harm. We and the commissioning bodies will be led by the best evidence to get funding where it is needed most. 

    The online slots stake limits statutory instrument was also made into law on Tuesday. I know you are all keen to understand exactly when these stake limits will come into force. 

    I can confirm the five pound limit will be in force on the 9th of April, while the two pound limit for younger adults will be in force on the 21st of May. I know that implementing these stake limits is a technical challenge and I am grateful for all the work you have done in preparation for this moment.

    I can confirm that we are moving forward with measures to modernise the regulations for land-based casinos. These changes will allow casinos to offer up to 80 gaming machines, mirroring the rules for small 2005 Act casinos. There will be a sliding scale of machine entitlements, meaning that smaller casinos can also benefit from more machines, commensurate with their size. 

    We will also allow sports betting in all casinos, giving operators the opportunity to expand their product offering. These changes will unlock investment in the casino sector and should provide an economic boost for both operators and machine manufacturers. We are working as quickly as we can to ensure that legislation is laid in Parliament as soon as possible. I know the significance of these measures to many of you here today.

    Turning now to advertising and sponsorship, which you will know has been of significant media and Parliamentary interest in recent months. 

    One of the biggest issues raised with me as Gambling Minister is advertising. 

    I have tasked the industry with doing more to work together to ensure that gambling advertising and sponsorship is appropriate, responsible, and does not exacerbate harm. 

    I am grateful to the BGC for coordinating this work across your membership, and I completely understand that the ability to advertise is an important activity generally, and key advantage that licensed operators have over the illegal market. 

    We know that some people can feel they are being inundated with gambling advertising – and this can be especially true whilst watching sport. Crucially, we know that advertising can have a disproportionate impact on those who are already suffering from gambling harm. We must also be vigilant to any adverse impacts on children and young people. 

    So I am keen for the industry to take the lead in making a robust assessment of the scale and impacts of advertising, so that we are working with the best available evidence.

    Lastly, I want to touch on the issue of the illegal market, which I know is of concern to many of you here today. 

    Illegal gambling is a concern for us all. And we are committed to working closely with the Gambling Commission, to ensure that illegal gambling, in all its forms, is addressed. I have heard your argument that overregulation leads to, or risks, displacement to the illegal market. This is something that was carefully considered in the development of the white paper and in the decisions that have been made since. 

    We believe the reforms we have introduced together with the Gambling Commission are proportionate and targeted interventions.    

    However, I agree that vigilance is vital when the illegal market threatens revenue for the licensed sector and player protections for vulnerable customers. That is why I have been pleased that the Gambling Commission has increased disruption activity and has a renewed focus on finding innovative ways to tackle the illegal market. 

    On Tuesday, the Crime and Policing Bill was introduced to Parliament. One of the provisions in this Bill will give the Commission greater powers to move quickly and effectively to take down IP addresses and domain names associated with illegal websites. This is an important step in equipping the Commission to tackle the illegal market and protect legitimate businesses. 

    Thank you again for the invitation today, and the time many of you have given me since I took up my role.

    I will keep listening and look forward to working with you all to realise our shared vision of a better, safer gambling industry. I hope you are all as keen as I am to take these challenges on.

    Updates to this page

    Published 27 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Over 326,000 children currently supported by Scottish Child Payment

    Source: Scottish Government

    £1 billion paid to help tackle child poverty

    New figures, show that as of 31 December 2024, the families of 326,080 children under 16 years of age were receiving vital support from Scottish Child Payment.  

    Over £1 billion has now been paid to parents and carers since the payment was introduced in February 2021.  

    Scottish Child Payment is unique to Scotland and provides financial support for families, helping with the costs of caring for a child. It is a weekly payment, currently worth £26.70, for every eligible child that a parent or carer looks after who’s under 16 years of age.    

    While visiting Craigour Park Primary school in Edinburgh, to talk to parents who receive Scottish Child Payment, Social Justice Secretary Shirley-Anne Somerville said:   

    “Eradicating child poverty is the Scottish Government’s top priority and a national mission.   

    “Our investment in Scottish Child Payment has seen over £1 billion worth of these payments issued by 31 December 2024; that is money directly in the pockets of those families who need it most. 

    “Modelling published in February 2024 also estimates that the Scottish Child Payment could keep 60,000 children out of relative poverty this year. 

    “Scottish Child Payment is actively improving the lives of hundreds of thousands of children in Scotland – helping their families to access essentials and experiences they might otherwise miss out on because they live on a low income. 

    “In the coming year it is forecast we’ll invest a further £471 million, ensuring that this support continues to reach even more families and children who need it.”

    Head Teacher of Craigour Park Primary, Sally Ketchin, said:  

    “We welcome payments like Scottish Child Payment and Best Start Grants. We can see the real difference this money makes to families in our community.” 

    Case study   

    Ashley Forbes lives in Glenrothes with her three children.  She said:      

    “The two-child cap came in for Tax Credits when I was pregnant with my third child. That meant I would be losing £60 a week when the baby was born so, obviously, that was quite a scary moment. It was huge.   

    “I wasn’t working and my partner at the time was only working part-time so money wasn’t great. It felt like £60 was so much to lose, you know, when you have a baby with milk and all that stuff to buy.      

    “And then when Scottish Child Payment came in, it was a huge relief. I have three kids and they grow so fast. It’s new shoes, new coats and new clothes all the time.   

    “My eldest two do swimming as well which is a really important skill that you need in life. We wouldn’t be able to do this stuff without Scottish Child Payment.     

    “I think Scottish Child Payment is great. We couldn’t do without it.”   

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Cruise ship levy an important step for climate and local services

    Source: Scottish Greens

    27 Feb 2025

    Ms Chapman has stood in solidarity with staff and students since the University’s Principal resigned in November after revealing a £30 million deficit.

    Scottish Green MSP Maggie Chapman, who represents Dundee as part of the North East region, is running to be the new Rector of Dundee University. 

    Ms Chapman has stood in solidarity with staff and students since the University’s Principal resigned in November after revealing a £30 million deficit. University management plans to plug this financial hole with cuts to student services and compulsory redundancies. 

    Announcing her bid to stand, Ms Chapman said:

    “I am so grateful to the students and staff who have asked me to stand, and who feel supported by the work I’ve done to speak up for them in Parliament as their MSP. I want to be a campaigning rector who is a strong voice for students.

    “When it comes to the University’s recovery, both students and staff have not been included or meaningfully involved in the conversation. Senior management has walked this great institution into a financial crisis, entirely shredding trust.

    “This isn’t the time for more nodding along and business as usual. There needs to be someone in the room reminding management that they wouldn’t be there without the hard work of staff and students. We need transparency in university governance.

    “Student services and staff must not be made to pay the price for the University’s reckless financial mismanagement. I will be campaigning for the reinstatement of support for the breakfast club and pantry, and for more investment in mental health support for students.”

    Ms Chapman added:

    “The Rector election is an important opportunity for students to send a message about the kind of university that they want Dundee to be.

    “Between my previous experience as Rector of Aberdeen University, my commitment to education as a public good, and my background as an academic and now a campaigning politician, I can bring a mix of experience and radicalism to the University’s governing body.”  

    To be an eligible candidate, nominees must receive support from 50 students by 10 March. If more than one nomination is entered, an election will be held.

    MIL OSI United Kingdom –