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Category: Economy

  • MIL-OSI: Aries.com Announces U.S Regulatory Approval

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 19, 2025 (GLOBE NEWSWIRE) — Aries Financial Inc. today announced that its wholly owned subsidiary, Ram Financial LLC, received its broker-dealer license from the Financial Industry Regulatory Authority (FINRA), creating the first open source brokerage in the United States.

    “Think about Unity or Unreal Engine for game development. Before development engines like Unreal, indie game developers were struggling, spending all their resources on building a physics engine before they could focus on characters and storytelling. Similarly, fintech faces one of the highest startup failure rates, primarily due to regulatory, data, and infrastructure hurdles that entrepreneurs must overcome. Our team has worked with enterprise APIs from the largest brokerages in the U.S. and has firsthand experience with the challenges fintech developers face. Our core product Aries Engine is designed to do all of the leg work so that builders can focus on building and getting to market.” said Reda Falih, Chief Executive Officer of Aries

    To demonstrate Aries Engine’s capabilities, Aries built two consumer-facing trading platforms: Aries Infinite, an infinite canvas trading cockpit, and Aries Mobile, a low-latency brokerage app; both of which will soon be open source. The products can be seen in the blog post: https://aries.com/blog/milestone

    About Aries

    Aries, headquartered in San Francisco, CA, is a financial technology company focused on building financial infrastructure for traders, investors, and developers. Through innovative solutions like Aries Infinite and Aries Engine, Aries aims to revolutionize financial technology with a commitment to openness, flexibility, and user empowerment. For more information, visit aries.com or follow us on X @Aries.

    “Aries” and the Aries Ram logo are registered trademarks of Aries Financial, Inc. All other names are trademarks and/or registered trademarks of their respective owners.

    Contact
    media@aries.com

    Source: Aries Financial Inc.

    The MIL Network –

    February 20, 2025
  • MIL-OSI United Nations: ‘Fragile stability’ in Libya increasingly at risk, Security Council hears

    Source: United Nations 2

    19 February 2025 Peace and Security

    The dream of a civil, democratic and prosperous Libya remains unfulfilled 14 years after the revolution that led to the overthrow of the Gaddafi regime, the head of UN Political and Peacebuilding Affairs told the Security Council on Wednesday. 

    Rosemary DiCarlo said entrenched divisions, economic mismanagement, continued human rights violations, and competing domestic and external interests, continue to erode unity and stability in the country.

    “The fragile stability in Libya is increasingly at risk,” she warned. “The country’s leaders and security actors are failing to put the national interest ahead of their competition for political and personal gain.”

    Support new UN envoy

    She urged Council members to support the newly appointed UN Special Representative for Libya Hanna Tetteh “in her work to help break the political impasse, resolve Libya’s protracted crisis and support the Libyan people towards unifying Libya’s institutions and holding inclusive national elections.”

    The North African country has been split between two rival administrations for over a decade, with the internationally recognized Government of National Unity (GNU) based in the northwest while the Government of National Stability (GNS) is in the east.

    Landmark elections scheduled for December 2021 were cancelled, including due to disputes over the eligibility of candidates.

    Advisory Committee established

    Ms. DiCarlo stressed the urgent need for progress in Libya. She said the UN Mission there, UNSMIL, is taking steps to revive a political process anchored in the principles of inclusivity and national ownership.

    UNSMIL recently established an Advisory Committee that will provide recommendations for resolving outstanding contentious issues that have prevented national elections from taking place.

    The Committee is composed of 20 members who include legal and constitutional experts. More than a third are women. She emphasized that it is not a decision-making body, but its proposals will support efforts to remove obstacles to holding national elections.

    “Many Libyan stakeholders, including political parties, social movements, and women and youth groups, have publicly welcomed its establishment as an opportunity to move the political process forward,” she said.

    Supporting inclusive dialogue

    UNSMIL convened the Committee’s inaugural meeting in the capital, Tripoli, last week. Members are meeting again over three days this week to examine the contentious issues in detail and begin considering ways to overcome them.

    “In parallel, UNSMIL is also taking steps to convene a structured dialogue among Libyans on ways to address longstanding drivers of conflict and develop an inclusive, bottom-up vision for their country’s future,” she said.

    The Mission is also facilitating consultations among Libyan economic experts to identify priorities, barriers and solutions to achieve sound economic governance.  

    Divisions and competition

    Ms. DiCarlo said divisions and competition over the control of State institutions continue to dominate the political and economic landscape. No progress has been made on a unified budget or agreed spending framework despite UNSMIL engagement with all relevant stakeholders.

    “It is critical to address the issue to support the efforts of the Central Bank of Libya to stabilize the financial situation of the country and enable transparent and equitable public spending,” she explained.

    A dispute over the position of president of the High Council of State, a top governing body, also remains unresolved even after six months of litigation and contradictory rulings. The Council now stands “deeply divided and unable to fulfil its institutional role.” 

    UNSMIL

    People gather at a market in Tripoli, the capital of Libya. (file)

    National reconciliation at risk

    Politicization and political divisions are also hindering progress on national reconciliation, she added. 

    Last December, UNSMIL facilitated an agreement among three key institutions – the Presidential Council, the House of Representatives, and the High Council of State – on a draft law on the issue. 

    However, subsequent amendments to the draft law by parliamentarians have raised concerns over the independence of a National Reconciliation Commission.

    A charter for reconciliation was agreed earlier this month through a process led by the African Union.  It was adopted on 14 February in the margins of the bloc’s summit in Addis Ababa, Ethiopia.

    “While some Libyan stakeholders have supported the charter, others did not,” she said, noting that UNSMIL continues to engage with all relevant parties.

    Security threats persist

    Meanwhile, the activities of non-State and quasi-State armed groups continue to pose a threat to Libya’s fragile stability. 

    Ms. DiCarlo called for a full and transparent investigation into an armed attack on a Government of National Unity (GNU) Minister in Tripoli on 12 February.

    She said the Libyan National Army took control of a military base in the south previously held by a GNU-affiliated military officer. Furthermore, the 2020 Ceasefire Agreement has only been partially implemented. 

    “Renewed efforts by Libyan authorities to implement its remaining provisions are crucial to improve the fragile security situation and to create conditions for the reunification and reform of security institutions,” she said. 

    Migrants and mass graves

    Turning to other challenges, she said the continuing trend of arbitrary arrests and enforced disappearances is deeply concerning and the increasing number of deaths in custody is troubling, with 15 cases recorded since March 2024. 

    Migrants and asylum-seekers, including children, also continue to face serious human rights violations including torture and cruel and inhumane treatment. 

    “The alarming and tragic discovery of mass graves following raids on human trafficking sites highlights the severe danger faced by migrants in Libya,” she said.

    On 7 February a mass grave was discovered on a farm in Jikharra in the northeast; another was found a day later in Al-Kufra in the southeast. To date, 93 bodies have been exhumed.

    “A full and independent investigation is critical to bring the perpetrators to justice. “This is yet another reminder of the urgent need to protect migrants and combat human trafficking,” she said.

    Last December, a joint UNSMIL and UN mission to Al-Kufra engaged with local authorities, partners, refugees and host communities to strengthen humanitarian response for Sudanese refugees, who continue to flee to Libya.

    Ms. DiCarlo said the chapter of the 2025 Sudan Refugee Regional Response Plan relating to Libya targets 446,000 people and requires $106 million – double the support from 2024. 

    She appealed to donors for their continued support to address the growing needs of Sudanese refugees in Libya and across the region. 

    MIL OSI United Nations News –

    February 20, 2025
  • MIL-OSI United Nations: Amid Rising Living Costs, Climate Change, Secretary-General Tells Second Food Systems Summit Stocktake ‘All Hands on Deck’ Needed to Create Healthy, Resilient Structure

    Source: United Nations 4

    Following are UN Deputy Secretary-General Amina Mohammed’s opening remarks, as delivered, at the Member States’ briefing on the second Food Systems Summit Stocktake, in New York today:

    It is a real pleasure to join our permanent representatives and welcome you all today.

    As you all know transforming our food systems is essential to driving progress across the Sustainable Development Goals (SDGs) and delivering for everyone, everywhere — sufficient, nutritious food — now and in the future, particularly as we go towards the five years to deliver on the 2030 Agenda for Sustainable Development.

    That is why, in 2021, the UN Secretary-General convened the UN Food Systems Summit.  This established the foundation for a new, integrated approach to food systems — placing food at the heart of our efforts to address poverty, zero hunger, inequality, climate change and biodiversity loss.  It has reshaped the global narrative, building an engine of transformation that recognizes food systems as a key lever to accelerate and reinforce SDG progress.

    Building on this momentum, the first Summit Stocktake, hosted by the Government of Italy in 2023, reaffirmed strong political will among nations.  Countries pledged to increase the pace of their efforts towards sustainable, inclusive and resilient food systems transformation.

    But, it also highlighted persistent gaps and challenges.  Among them, an urgent need to enhance public-private-community partnerships, and strengthen private sector engagement.

    These crucial issues identified at the first stocktake, resulted in the UN Secretary-General’s Call to Action.  The Call identified six critical areas for concerted action, including: securing concessional finance, investments, budget support and debt restructuring.  It also emphasized addressing food security in crisis situations.

    The proposed SDG Stimulus — of $500 billion a year — was recognized as a game-changer, offering fiscal space and resources, including through Special Drawing Rights rechannelling.  Finance was emphasized as a critical component of food systems transformation, along with support of our multilateral development banks in unlocking investments in this field.

    Given the global context riddled with challenges of rising living costs, social inequalities, climate change and geopolitical tensions, we will need all hands on deck to reach food systems transformations with the impact to advance on the 2030 Agenda.

    Now, in just over five months, Addis Ababa will host the second United Nations Food Systems Summit Stocktake.

    We are grateful to the Government of Ethiopia for hosting this important event and for making our commitment to take the second stocktake to a developing country, a reality.  Worth noting also is its leadership and extensive work on its policy environment, infrastructure development and the production of food that engages small holder farmers across the country.  We are grateful to Italy, which has agreed to co-host, for its legacy and continued leadership and support to food systems transformation.  It is important that we see leadership and sustainability of that support at the country level.

    The Stocktake will be different — it has to be — in response to many of the requests for us to have more focus and impact.

    First, we will be reflecting on progress since 2023, with a report from the system, but also a shadow report from our stakeholders.  Second, we will be partnering to track commitments and outcomes through national food systems pathways to accelerate SDG implementation.  And third, unlocking investments to sustain and scale transformative initiatives aligned with the SDGs.

    In preparations for the Stocktake, we are committed to an inclusive, cross-sectoral efforts and consultations.  We will hold a second briefing in Nairobi next week engaging UN headquarters in Nairobi, Rome and Geneva.  In addition, we will hold five regional briefings, on the margins of the United Nations Regional Forums on Sustainable Development, from March to May.

    We will also be engaging all our resident coordinators in UN country teams, at the country level so that they are fully engaged with our Member States in bringing to Addis Ababa the progress, and of course, the challenges and opportunities.

    At the same time, we will push progress towards food systems transformation, including through important gatherings this year — the fourth Financing for Development Conference in Spain, thirtieth Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30) in Brazil, the second World Summit on Social Development in Qatar and the third United Nations Ocean Conference in France.

    These are all critical platforms to drive progress, harness collective action and create new investment opportunities.

    As Member States, you are at the forefront of this transformation.  Your leadership and coordination will be instrumental in ensuring that the Stocktake inspires real action at the national level.  The United Nations is with you — committed to creating sustainable, inclusive, healthy and resilient food systems everywhere, across all our regions, reaching everyone.

    We thank you for this important opportunity that will help us to shape the Stocktake in Addis Ababa in July.

    MIL OSI United Nations News –

    February 20, 2025
  • MIL-OSI USA: Citizen Airman wins Integrator of the Year for creating a warrior culture  in the Cowboy Guard

    Source: US State of Wyoming

    CHEYENNE, Wyo. — Melissa Mendez has always believed in the power of people. As a first sergeant with the 153rd Security Forces Squadron in the Wyoming Air National Guard, she takes pride in her role as a mentor, coach, and advocate for her Airmen. 

    But Mendez isn’t just a leader in uniform. Off-duty, she serves as a Wyoming National Guard primary prevention specialist, a role focused on addressing issues before they escalate and creating a positive environment for service members across 97,000 square miles.

    “Melissa was one of three IPPW specialists, nationally, to be selected as Integrator of the Year out of hundreds,” she added. “And the only lead. Knowing that Wyoming, as a small state, has the ability to stand out and rise above brings a level of pride to the entire team and motivates all of us to keep doing great things. We will never be the largest state in the room, but we can lead the way.”

    “People are my passion,” Mendez said. “If we can support individuals and help them thrive, we’re not just building stronger teams—we’re creating a better future for everyone.”

    As a Citizen Airman, Mendez balances her dual responsibilities to the military and her community. In her prevention role, she dives deep into data to identify areas where service members may be struggling—whether with financial stress, relationship challenges, or mental health concerns. By analyzing trends and collaborating with legacy programs like suicide prevention and sexual assault prevention and response, she ensures that targeted training and resources reach those who need them most.

    One notable success story highlights her ability to turn data into action. When a unit reported high levels of financial stress in surveys, Mendez coordinated with local financial advisors to provide targeted workshops. The results were transformative, with members expressing relief and gratitude for the support.

    “Melissa continues to grow and excel in her leadership role. She is constantly helping others, guiding conversations and projects, and leading the way,” said Kristin Malone, Cowboy Guard integrated primary prevention manager. “The leadership she demonstrates doesn’t stop with the IPPW, but extends to her role as a 1st Shirt in the WYANG.”

    Mendez’s ability to connect with people and turn data into actionable solutions is unmatched, Malone said. 

    Her leadership has directly contributed to initiatives such as distributing over $61,000 in gun locks and lock boxes, expanding suicide prevention efforts across the state’s 97,000 square miles. She also spearheaded the alignment of the Wyoming Military Department with the Governor’s Challenge initiatives, ensuring strategic coordination to bolster lethal means safety and resilience programs.

    As the first generation of her family born in the United States and the fourth generation to serve in the military, Mendez’s journey is one of resilience and hope. “Hope is what keeps people going,” she said. “Sometimes it’s as simple as reminding someone that they’re not alone. Whether I’m in uniform or in my civilian role, my goal is to help people find that hope and build on it.”

    In her role as a first sergeant, Mendez leans on her background as a mental health technician to support her Airmen. Whether she’s assisting with professional development or helping someone navigate personal challenges, she approaches each situation with empathy and determination.

    “Being a first sergeant is about seeing the person behind the uniform,” she said. “It’s about helping them be the best version of themselves, not just for the mission but for their families and their own well-being.”

    For Mendez, her role as a prevention specialist and first sergeant is not just a job; it’s a calling. Over her career, she has seen firsthand the power of hope and support in transforming lives. One of her most memorable experiences was helping an Airman at rock bottom. The individual was struggling with personal issues, failing fitness tests and facing challenges at work.

    “I asked them, ‘What else is going on? Rank aside, human to human, let’s talk,’” Mendez recalled. “Sometimes people just need someone to listen without judgment.”

    Through consistent mentorship and connecting the Airman to available resources, Mendez saw a remarkable transformation. The individual passed their fitness test with high marks, earned awards and regained confidence. Years later, they reached out to Mendez to express gratitude, saying her support had inspired them to help others.

    Her impact extends beyond individual Airmen. She implemented the first Wyoming IPPW Care Team Meeting, bringing together 15 different stakeholders to improve interagency collaboration. She also developed a helping agency resource matrix to assist approximately 3,000 Guard members in navigating work-life challenges and preventing crises.

    “Wyoming is a large state with a small population,” she said. “That makes it even more important to build strong networks and ensure no one falls through the cracks.”

    MIL OSI USA News –

    February 20, 2025
  • MIL-OSI USA: FinTech Grad Student Nick Savignano Earns Competitive International Business Fellowship

    Source: US State of Connecticut

    Graduate student Nick Savignano ’25 has always been the type of person to roll up his sleeves and help others, whether spearheading a new project at work or clearing debris after Hurricane Katrina.

    When Savignano, a graduate student in the FinTech program, heard about a program that connects postgraduate business students with small- and medium-sized enterprises in the developing world, he was immediately interested.

    He recently learned that he was accepted as a Fellow in the prestigious DHL GoTrade GBSN Fellowship Program and is waiting to learn what industry and country he will be paired with during the eight-month program, which begins in March. The Fellowship program, which is remote, will also give him the chance to engage with global experts, participate in workshops, and develop new skills and mentorship.

    “Figuring out how to address problems and challenges and coming up with unique solutions is all very exciting for me. I’m going to give it my heart and soul,’’ he said. Savignano said he is looking forward to collaborating with people from another part of the world and the opportunity to work with another fellow.

    Students from 45 Countries Competed for 61 Fellowships

    The Fellowship program is highly competitive, said Natalie Timinskas, Coordinator of Students Programs at the Global Business School Network (GBSN). This year, the organization received almost 300 applications from master’s and Ph.D. candidates from 45 countries and 88 universities. Only 61 were accepted into the cohort.

    “The caliber of candidates was exceptional, with applicants showcasing impressive passion and dedication to advancing management and entrepreneurship in emerging and developing markets,’’ she said.

    The network cannot disclose the specific enterprises, as they are still finalizing agreements, but they are working with businesses from various industries, she said. Last year’s cohort worked on projects across diverse sectors, such as food and beverage, jewelry, textiles, e-commerce, crafts, and leather goods.

    Creating, Improving and Shaking Things Up

    Savignano earned his bachelor’s degree at Loyola University in 2018, with a finance major. He spent the next five years working in the mortgage industry in Maryland.

    He chose to apply to the UConn FinTech program, at that time only the second in the nation, because he loved everything about finance, and was intrigued by new ways of receiving and processing payments. During his time at UConn, he has also worked with the entrepreneurship programs here to investigate an idea he has for creating his own company.

    Savignano said he enjoys creating, improving processes, and shaking things up.

    “The Fellowship will be an exciting resume builder and also a very unique story to share,’’ he said. “I think it will also be one of those ‘contagious’ things that many people will become interested in doing.’’

    As he looks at his career growth, Savignano said he wants to be in a position to make strategic decisions.

    “I came to UConn to learn that aspect of business, and I think I’ve been successful,’’ he said. “I’m happy to represent UConn through this and to spread the UConn name because this university has done so much for me.’’

    John Wilson, Academic Director of FinTech program, said Savignano has been a standout student.

    “We encourage all students to map their own academic journey. Nicholas has taken that encouragement to heart and taken advantage of every opportunity,’’ Wilson said. “This, along with his drive and dedication, makes him a solid selection for the Fellowship program and we are confident that he will represent UConn well.’’

    Savignano said he feels fortunate that the FinTech program created an opportunity for him to attend ITC insurance innovation conference in Las Vegas last year, where he met industry veterans, tried brand-new products, learned about challenges of the insurance industry, and engaged with top executives.’’

    Network Offers Host of Opportunities for Ambitious Students

    Arminda Kamphausen, Director of Global & Sustainability Initiatives, said the School’s recent decision to become a member of the GBSN has provided both students and faculty with international opportunities that enrich educational experiences and research resources.

    “This chance for Nick to use what he is learning in the FinTech program to work on an international team to support a small or medium enterprise is just one of many such opportunities,’’ she said.

    “GBSN also gives our students opportunities to compete in an annual case competition, organizes thematic faculty working groups, such as Business and Human Rights, and offers monthly virtual events for sharing of member institution best practices,’’ Kamphausen said. “It also convenes an annual conference for substantive discussions on how business schools can continue to provide responsible training to their students and positive impact in the world.’’

    MIL OSI USA News –

    February 20, 2025
  • MIL-OSI: FPSO Almirante Tamandaré producing and on hire

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, February 19, 2025

    SBM Offshore announces that FPSO Almirante Tamandaré is formally on hire as of February 16, 2025 after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance.

    FPSO Almirante Tamandaré is the largest oil producing unit in Brazil with a processing capacity of 225,000 barrels of oil and 12 million m3 of gas per day. This FPSO has an estimated greenhouse gas (GHG) emission intensity below 10 kgCO2e/boe1 and benefits from emission reduction technologies such as the closed flare technology which increases gas utilization, preventing it from being burnt into the atmosphere. FPSO Almirante Tamandaré is the first unit in Brazil to receive a Sustainability-1 Notation2 certification reflecting the Company’s efforts to reduce emissions over the lifecycle of the vessel.

    FPSO Almirante Tamandaré is owned and operated by special purpose companies owned by affiliated companies of SBM Offshore (55%) and its partners (45%). The FPSO will operate under a 26.25-year charter and operation services contracts with Petróleo Brasileiro S.A. (Petrobras).

    FPSO Almirante Tamandaré is installed at the Búzios unitized field located in the Santos Basin, approximately 180 kilometers offshore Rio de Janeiro in Brazil. The Búzios unitized field is operated by Petrobras (88.99%) in partnership with CNODC (3.67%) and CNOOC (7.34%).

    Corporate Profile

    SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy. 
    More than 7,400 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
    For further information, please visit our website at www.sbmoffshore.com.

    Financial Calendar   Date Year
    Full Year 2024 Earnings   February 20 2025
    Annual General Meeting   April 9 2025
    First Quarter 2025 Trading Update   May 15 2025
    Half Year 2025 Earnings   August 7 2025
    Third Quarter 2025 Trading Update   November 13 2025

    For further information, please contact:

    Investor Relations

    Wouter Holties
    Corporate Finance & Investor Relations Manager

    Media Relations

    Giampaolo Arghittu
    Head of External Relations

    Market Abuse Regulation
    This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Disclaimer
    Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impact, Risk and Opportunity Management’ section of the 2023 Annual Report.

    Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise. 

    This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the Half-Year Management Report accompanying the Half Year Earnings 2024 report, available on our website https://www.sbmoffshore.com/investors/financial-disclosures.

    Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

    “SBM Offshore®“, the SBM logomark, “Fast4Ward®”, “emissionZERO®” and “F4W®” are proprietary marks owned by SBM Offshore.


    1 Calculated based on nameplate capacity.
    2 This sustainability certification from Bureau Veritas recognizes the Company’s efforts in minimizing environmental impacts over the lifecycle of the FPSO, from design to construction and operations.

    Attachment

    • FPSO Almirante Tamandare producing and on hire

    The MIL Network –

    February 20, 2025
  • MIL-OSI: SBM Offshore announces changes in Supervisory Board

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, February 19, 2025

    SBM Offshore today announces that Bernard Bajolet has, for personal reasons, decided to step down as member of the Supervisory Board after the 2025 Annual General Meeting, following seven years of service. Bernard Bajolet will continue to be involved with the Company as advisor.

    Roeland Baan says: “We thank Bernard Bajolet for the valuable contribution to the Company as Supervisory Board member and look forward to his continued involvement as advisor.”

            

    Corporate Profile

    SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy. 
    More than 7,400 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
    For further information, please visit our website at www.sbmoffshore.com.

    Financial Calendar   Date Year
    Full Year 2024 Earnings   February 20 2025
    Annual General Meeting   April 9 2025
    First Quarter 2025 Trading Update   May 15 2025
    Half Year 2025 Earnings   August 7 2025
    Third Quarter 2025 Trading Update   November 13 2025

    For further information, please contact:

    Investor Relations

    Wouter Holties
    Corporate Finance & Investor Relations Manager

    Media Relations

    Giampaolo Arghittu
    Head of External Relations

    Market Abuse Regulation
    This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Disclaimer
    Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impact, Risk and Opportunity Management’ section of the 2023 Annual Report.
    Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise. 
    This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the Half-Year Management Report accompanying the Half Year Earnings 2024 report, available on our website https://www.sbmoffshore.com/investors/financial-disclosures.
    Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
    “SBM Offshore®“, the SBM logomark, “Fast4Ward®”, “emissionZERO®” and “F4W®” are proprietary marks owned by SBM Offshore.

    Attachment

    • SBM Offshore announces changes in Supervisory Board

    The MIL Network –

    February 20, 2025
  • MIL-OSI USA: King Working to Protect Maine’s Coastal Ecosystem

    US Senate News:

    Source: United States Senator for Maine Angus King
    WASHINGTON, D.C. — U.S. Senator Angus King (I-ME), a member of the Senate Committee on Energy and Natural Resources, is introducing legislation to help improve conditions for kelp forest and marine life. The Help Our Kelp Act — which also has a companion bill in the House of Representatives — would invest federal resources to address ongoing crises that kelp forest ecosystems face along the Maine coastline and across the country.
    Kelp forest ecosystems in Maine and along the nation’s shores provide food and habitat for hundreds of fish and marine mammals. These aquatic regions stabilize Maine’s coasts allowing for responsible economic activities including fishing, shipping and innovations in the blue economy. Over the last 50 years, changes in climate, poor water quality and overfishing have damaged between 40-60 percent of America’s kelp forests.
    “Kelp forests are key to helping keep our waters clean — and healthy waters make for healthy people,” said Senator King. “However, climate change and human activity are having devastating consequences on our coastal ecosystems, putting at harm the iconic Maine fishery and our coastal communities. The Help Our Kelp Act is an important  investment that will help to restore these intricate, sensitive underwater habitats, and better protect Maine’s waters and way of life. I want to thank my colleagues for acknowledging the importance of our kelp forests and am encouraged that we are coming together in the House and Senate to safeguard this critical ecological and economic resource.”
    The Help Our Kelp Act would:
    Establish a new National Oceanic and Atmospheric Administration (NOAA) grant program to fund conservation, restoration, and management efforts to support kelp forest ecosystems;
    Take steps to address the greatest relative regional declines, long-term ecological or socioeconomic resilience, and focal recovery areas identified by Tribal, federal, or state management plans;
    Authorize $5 million annually for FY2026 through FY2030.
    In the Senate, this legislation is led by Senator Jeff Merkley (D-OR) and cosponsored by Senators Ron Wyden (D-OR), Alex Padilla (D-CA) and Adam Schiff (D-CA).
    Bill text can be found here and a bill summary can be found here.
    As a member of the Senate Committee on Energy and Natural Resources, Senator King has been a longtime advocate for Maine’s wild ecosystems. For his dedication to preserving the outdoors, Senator King was awarded the inaugural National Park Foundation Hero Award. Last year, Senator King helped secure critical funding for the American Lobster Research Program—an organization that supports projects to address critical knowledge gaps about American lobster and its fishery in a dynamic and changing environment. Senator King also helped pass the Thomas R. Carper Water Resources Development Act, legislation that provides approval for the restoration of a Maine fishway to allow fish such as herring, alewives, and the endangered Atlantic salmon to migrate upstream.

    MIL OSI USA News –

    February 20, 2025
  • MIL-OSI United Kingdom: Joint statement on Local Government Reorganisation proposals – 19 February

    Source: City of Derby

    Joint statement from:

    Amber Valley Borough Council

    Bolsover District Council

    Chesterfield Borough Council

    Derby City Council

    Derbyshire Dales District Council

    Erewash Borough Council

    High Peak Borough Council

    North East Derbyshire District Council

    South Derbyshire District Council

    “In our roles as the Leaders of Derbyshire’s eight District and Borough Councils and the Leader of Derby City Council, we came together last week to discuss options for Local Government Reorganisation (LGR) in Derbyshire, mindful of the Government’s deadline of Friday 21 March for initial proposals. The Leader of Derbyshire County Council was also invited but declined to attend.

    “Working collaboratively, and in the best interests of local residents and businesses, we explored a range of options that would ensure that Derbyshire’s historic boundaries remained intact, while also creating new unitary councils of the right scale to deliver the best possible services for our communities.

    “The current options we are exploring would involve the creation of two new unitary Councils utilising the geographies of the eight district councils as the key building blocks alongside the geography of Derby City Council. 

    “It is important to stress that the County of Derbyshire and the City of Derby would continue to exist and retain their own unique identities irrespective of whatever option is agreed going forward. The proposals would however result in both Derbyshire County Council and Derby City Council being abolished, along with Derbyshire’s eight District and Borough Councils.  

    “The options under consideration clearly meet the criteria set out in the Government’s invitation to submit proposals for unitary Local Government, in particular a population size of c500,000, and a sustainable local taxbase that is fair and balanced across all of Derbyshire and Derby. They also provide the opportunity for the two new unitary Councils to work in genuine partnership and collaborate on the delivery of all local government services, in turn ensuring the best possible value for money to local taxpayers. Most importantly, we believe they would be of the appropriate size to strike the right balance between retaining the strong local connections we already have with our communities and being financially sustainable.

    “To guide our final decision, our proposals will be subject to extensive consultation with residents, businesses, our workforces, partner public bodies, and the voluntary sector; ensuring all voices are captured and heard collectively.

    “We are of the view that Derbyshire County Council’s proposed ‘county unitary’ option would effectively ‘doughnut’ Derby City Council. This would create a large and remote Council, with disparate communities, particularly across Southern Derbyshire, that would in turn lead to the inefficient delivery of services. It would also create a significant imbalance in the local taxbase; a County Unitary with a taxbase of c810,000, and Derby City Council with a taxbase of only 270,000, with little space for growth.

    “Across the wider East Midlands, Nottingham and Nottinghamshire and likewise, Leicester and Leicestershire, are engaging in discussions between the respective city and county councils to restructure their local authority frameworks, with a focus on creating more efficient and cohesive unitary systems.

    “Consequently we are still open to meeting with the Leader of Derbyshire County Council for future discussions around LGR, as although our current positions aren’t aligned, we firmly believe this would be in the best interests of the residents that elect us and use our services, and the businesses that rely on us to support local employment and drive economic growth.”

    MIL OSI United Kingdom –

    February 20, 2025
  • MIL-OSI USA: U.S. Route 11 Bridge Replacement Project Underway

    Source: US State of New York

    Governor Kathy Hochul today announced that work will soon begin on the $33.6 million project to replace the aging bridge carrying U.S. Route 11 over the Oneida River in the Town of Cicero, Onondaga County and the Town of Hastings in Oswego County. The bridge serves as a substantial north-south connection through the Hamlet of Brewerton, with an estimated 13,000 motorists traversing it daily. The surrounding area — rich in history and recreation — is well-regarded as a popular spot for boating, fishing and other water-based activities, and serves as an energetic epicenter for restaurants and small businesses. Due to its proximity to Interstate 81, Route 11 provides easy access to the City of Syracuse and the surrounding Central and Northern New York communities for residents and visitors alike.

    “New York State has demonstrated its unwavering commitment to investing in communities through the revitalization of its infrastructure,” Governor Hochul said. “The Route 11 bridge over the Oneida River in Brewerton is a pivotal connection that we must maintain, and this state-funded undertaking will ensure it remains safe and reliable now and into the future.”

    First constructed in the early 20th century, the Route 11 bridge helped to facilitate trade and travel across the Oneida River. It has undergone significant rehabilitation work over the years: most recently in 1986. Several other smaller projects over the last two decades have addressed minor repairs to the bridge.

    It is anticipated that by the fall of 2026, the new bridge will be complete, and traffic will be moved from the temporary bridge to the new bridge. Full construction on the project is anticipated to be completed in early 2027.

    New York State Department of Transportation Commissioner Marie Therese Dominguez said, “Central New York is undergoing an incredible transformation, and it is crucial that our transportation infrastructure is ready to handle this unprecedented growth. This innovative bridge design demonstrates Governor Kathy Hochul’s commitment to creating a safe and resilient transportation network, and the multi-modal features of the structure will ensure everyone has a safe way of reaching recreational attractions along the Oneida River, which help to fuel the local economy and provide new opportunities for regional growth.”

    State Senator Christopher Ryan said, “This investment in the Route 11 bridge is a testament to our commitment to strengthening Central New York’s infrastructure and ensuring safe, reliable connections for residents, businesses and visitors. By modernizing this critical crossing, we are not only improving efficiency but also supporting economic growth and enhancing access to the recreational and commercial opportunities that make this region so vibrant. I thank Governor Hochul and NYSDOT for their continued commitment to the transformation of Central New York infrastructure.”

    Assemblymember Will Barclay said, “I’m pleased to see investments being made to strengthen Central New York’s transportation infrastructure. Replacing the Route 11 Bridge is critical to ensuring it is reliable and safe for the 13,000 motorists who depend on it daily. This project will also enhance the region’s ability to support the many residents and visitors who come to the area for its boating, fishing, and recreational opportunities. This investment will serve the community for years to come, promoting both safety and economic growth.”

    Assemblymember Al Stirpe said, “Governor Hochul’s announcement today that the Route 11 bridge in Brewerton will be replaced clearly extends her commitment to invest and enhance Upstate infrastructure and communities. Replacing the Route 11 bridge, which straddles both sides of the Oneida River in the heart of Brewerton, will improve safety for motorists, cyclists and pedestrians. Brewerton’s recently successful NY Forward grant and today’s announcement acknowledge the importance of our historic communities and recognize the potential and future of our downtowns.”

    Projected Outcomes of the Bridge Replacement Project

    Demolition of the existing bridge is expected to begin this fall, after traffic is shifted to a temporary bridge that will accommodate alternating one-way traffic. Modernized traffic signals will be installed at the northbound and southbound approaches of the temporary bridge, with vehicle-detection sensors in place to adjust motorists’ wait time based on traffic flow, which will considerably reduce travel impacts to the public. Emergency vehicles will utilize a preemption system to clear the temporary bridge of all traffic, allowing emergency vehicles to safely cross the bridge, as needed, and without delay.

    Once traffic is shifted to the temporary one-lane bridge, construction on the first gussetless truss bridge in New York State will begin, with the new structure being erected within the same alignment and footprint as the existing bridge. The gussetless truss bridge is widely considered to be more modern and efficient. The current design makes the bridge’s steel plates, which are located beneath the roadway, more susceptible to draining salt water and debris during the harsh winter months, while the connections needed for the new design are located above the roadway, making the bridge more easily accessible for inspection and maintenance crews, which aids in the prevention of wear and tear, improving durability, and saving money.

    The state-of-the-art bridge is designed for a 75-year service life, but the gussetless details, combined with a metalized coating protection, and routine care, will likely extend its lifespan well beyond that. Construction will also include new concrete bridge piers, abutments, and a concrete deck that will be supported directly by floor beams, reducing the cost of inspections, upkeep and future replacement.

    Standard eight-foot shoulders will be installed, providing room for emergency vehicles, disabled vehicles, and snow and ice equipment. Existing drainage structures and pipes will also be replaced to prevent excess runoff, and utilities will be relocated through the girders of the new structure, eliminating the need for nearly a dozen utility poles, which will help prevent unnecessary damage, and create a more streamlined appearance.

    The addition of five-foot sidewalks on each side of the bridge adds options for multi-modal transportation and optimizes the health and safety of pedestrians and cyclists, as will decorative streetlights being installed on the approaches to the bridge, and in the truss hung from the center of the roadway, which will help increase visibility.

    About the Department of Transportation

    It is the mission of the New York State Department of Transportation to provide a safe, reliable, equitable, and resilient transportation system that connects communities, enhances quality of life, protects the environment, and supports the economic well-being of New York State.

    Lives are on the line; slow down and move over for highway workers!

    For more information, find us on Facebook, follow us on X, formerly known as Twitter, or Instagram, or visit our website. For up-to-date travel information, call 511, visit www.511NY.org or download the free 511NY mobile app.

    MIL OSI USA News –

    February 20, 2025
  • MIL-OSI United Kingdom: Local Plan takes another step closer to unlocking York’s development and growth ambitions

    Source: City of York

    City of York Council is set to consider the adoption of its Local Plan following the findings of the Inspector’s Report on the Examination of City of York’s Local Plan.

    The Local Plan will be presented for consideration at Full Council on Thursday 27 February.

    City of York Council is set to consider the adoption of its Local Plan following the findings of the Inspector’s Report on the Examination of City of York’s Local Plan, which will be presented for consideration at Full Council on Thursday 27 February.  

    Once adopted, this Plan will be the city’s first comprehensive development framework since 1956 and will guide York’s growth for the next decade, marking a pivotal milestone in the city’s future development and growth ambitions, whilst establishing the city’s green belt and historic setting for the first time. 

    The Local Plan outlines the vision for sustainable housing, economic development, and infrastructure in York. It addresses key priorities such as affordable housing, environmental sustainability, and the protection of York’s historic character. The Plan provides a policy framework for decisions on development, shaping the city’s future spatial development until 2038. 

    As part of the adoption process, the Council will review the Inspector’s recommendations and the main modifications to housing allocations, green belt boundaries, and transport infrastructure planning. The final decision on whether to formally adopt the Local Plan will be made at the Full Council meeting on Thursday 27 February. 

    Cllr Claire Douglas, Leader of the Council, said: 

    “The Local Plan is an historic step in shaping York’s bright future, and we’re excited about what it means for our city. We welcome the Inspector’s findings and are confident that their modifications will strengthen the Plan, ensuring it supports York’s vision for a sustainable, inclusive city for all. The Plan provides us with a clear roadmap for how our city will develop and grow over the next decade – meeting the needs of our residents and businesses.  

    “A huge thank you to everyone who has worked so hard to bring this Plan to life. We truly appreciate your dedication and commitment to York’s future.” 

    Cllr Katie Lomas, Executive Member for Finance, Performance, Major Projects, Human Rights, Equality, and Inclusion, added: 

    “This Local Plan is designed to support the growth of York while promoting equality, accessibility, and sustainability. We are particularly focused on ensuring that affordable housing remains a central component of this Plan, along with infrastructure that meets the needs of all residents, including those from the most disadvantaged groups. This is a long-term investment in creating a fairer, greener York for future generations.” 

    Cllr. Michael Pavlovic, Executive Member for Housing, Planning and Safer Communities, commented: 

    “The Local Plan represents the outcome of 7 years extensive consultation, public hearings, and thorough examination. The Plan outlines significant investments in housing, transport, and employment opportunities, which will help drive York’s economy and provide much-needed infrastructure. For York to prosper we need to be ambitious, and this Plan unlocks the potential to make those ambitions a reality.” 
     
    Inspector’s Report and Next Steps 

    The Inspector’s Report, published following extensive independent examination, recognised that the Local Plan meets all statutory duties to cooperate and aligns with national planning policies. However, the Report also identified certain areas requiring modifications to ensure the Plan’s soundness, particularly regarding the housing supply, green belt boundaries, and infrastructure delivery.  

    The Council has already responded to the Inspector’s recommendations, requesting main modifications that will address these deficiencies. Full Council will be asked to adopt the plan with the Inspectors’ modifications. 

    The Local Plan in Brief 

    The Local Plan will provide a comprehensive strategy for:
     
    •    Delivering 20,000 new homes over the duration of the plan, including a significant proportion of affordable housing.

     
    •    Allocating sites for economic growth, including areas for employment and retail expansion. 

    •    Investing in sustainable transport infrastructure, including improved bus routes, cycling paths, and EV charging stations. 

    •    Mitigating and adapting to climate change with enhanced green infrastructure, flood defences, and energy-efficient building standards. 

    •    Safeguarding York’s historic and cultural heritage while ensuring new development respects the city’s unique character. 

    •    Setting the city’s green belt and protecting the historic setting for the first time. 

    The adoption of the Local Plan represents a turning point in York’s growth, ensuring that development is sustainable, well-planned, and consistent with local priorities. 

    For more details on the Inspector’s Report and the upcoming Full Council meeting, visit the City of York Council website at www.york.gov.uk/LocalPlanInspectorsReport. 

    Full Council takes place on Thursday 27 February, the agenda is available to view online at https://democracy.york.gov.uk/ieListDocuments.aspx?CId=331&MId=15004 and the meeting will be available to view live or on demand at www.york.gov.uk/webcasts.   
     

    MIL OSI United Kingdom –

    February 20, 2025
  • MIL-OSI United Kingdom: Edinburgh Libraries launch new recycling programme to promote sustainability and digital reuse

    Source: Scotland – City of Edinburgh

    Edinburgh Libraries have held the official launch of a new recycling programme aimed at promoting sustainability and digital reuse across the city.

    The service secured £23,000 in funding from the Public Library Improvement Fund, awarded by the Scottish Library and Information Council (SLIC), which supports innovative initiatives in areas such as digital upskilling, sustainability, and inclusivity.

    This funding will allow Edinburgh Libraries to collaborate with Edinburgh Remakery to introduce Tech Donation Boxes to 15 libraries, these boxes will provide Edinburgh residents with an easy, welcoming, and accessible way to donate their old devices. Donated tech devices will be repaired and reused when possible or responsibly recycled when necessary, contributing to a circular economy and reducing electronic waste.

    The programme was officially launched at Craigmillar Library last night (Tuesday 18 February), where attendees were introduced to the project and had the chance to participate in various activities, including a Making Jewellery with Recycled Materials workshop (featuring old computer parts, circuit boards, and more), a Climate Fresk Quiz, and an exhibition showcasing children’s crafts made from recycled materials.

    Councillor Val Walker, Culture and Communities Convener said:

    In 2023 Edinburgh Remakery tech boxes were hosted within two libraries –Central Library and Wester Hailes Library. The response from the public was fantastic, and the library service was successful in securing an award from Edinburgh Remakery for the high volume of donations received.
    Thanks to this new funding, we’re able to extend our partnership with the Edinburgh Remakery, working across 15 public libraries to host Tech Donation Boxes and expand the role of our libraries in promoting sustainability throughout the city.

    Elaine Brown, Chief Executive of Edinburgh Remakery, said: 

    At Edinburgh Remakery, we are passionate about giving old tech a second life, and this partnership with Edinburgh Libraries is a fantastic step towards a more sustainable and digitally inclusive city. By making tech donation easy and accessible, we are not only reducing electronic waste but also ensuring that more people can benefit from refurbished devices. Together, we are creating a future where waste is minimised, and resources are maximised for the benefit of our community.
     

    Published: February 19th 2025

    MIL OSI United Kingdom –

    February 20, 2025
  • MIL-OSI: Dassault Systèmes: disclosure of trading in own shares

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    VELIZY-VILLACOUBLAY, France — February 19, 2025

    DISCLOSURE OF TRADING IN OWN SHARES
    (Repurchase program decided by the General Meeting of
    Shareholders of May 22, 2024)

    Issuer: Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA)
    Type of securities: Ordinary shares
    Period: From February 11 to February 14, 2025

    Detailed information (presentation by day and by market and transaction-by-transaction details) can be consulted on the website of Dassault Systèmes: https://investor.3ds.com/regulated-information/permanent-information

    Presentation of the trading in own shares by day and by market

    Name of issuer Identification code of the issuer Date of trading Identification code of the financial instrument Daily total volume
    (in number of shares)
    Daily weighted average acquisition price of the shares* Market
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 11-Feb-25 FR0014003TT8 17 669 39,9992 XPAR
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 11-Feb-25 FR0014003TT8 10 507 39,9990 DXE
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 11-Feb-25 FR0014003TT8 2 952 39,9900 TQE
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 11-Feb-25 FR0014003TT8 4 000 39,9900 AQE
    DASSAULT SYSTEMES 9695002I9DJHZ3449O66 11-Feb-25 FR0014003TT8 46 773 40,0000 XPAR
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 12-Feb-25 FR0014003TT8 287 836 39,9865 XPAR
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 12-Feb-25 FR0014003TT8 61 161 39,9939 DXE
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 12-Feb-25 FR0014003TT8 11 649 39,9922 TQE
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 12-Feb-25 FR0014003TT8 10 039 39,9933 AQE
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 12-Feb-25 FR0014003TT8 34 419 39,9966 DXE
    DASSAULT SYSTEMES 9695002I9DJHZ3449O66 12-Feb-25 FR0014003TT8 208 462 40,0000 XPAR
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 13-Feb-25 FR0014003TT8 55 259 40,0000 XPAR
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 13-Feb-25 FR0014003TT8 20 327 40,0000 DXE
    DASSAULT SYSTEMES 9695002I9DJHZ3449O66 13-Feb-25 FR0014003TT8 56 509 40,0000 XPAR
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 14-Feb-25 FR0014003TT8 8 496 39,9932 XPAR
    DASSAULT SYSTEMES 96950065LBWY0APQIM86 14-Feb-25 FR0014003TT8 5 105 39,9890 DXE

    (*)The weighted average unit price is a rounded price

    ###

    ABOUT DASSAULT SYSTÈMES

    Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes’ 3DEXPERIENCE platform, 350 000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit www.3ds.com

    Dassault Systèmes Investor Relations Team                FTI Consulting
    Béatrix Martinez :                                        Arnaud de Cheffontaines: +33 1 47 03 69 48
    +33 1 61 62 40 73                                        Jamie Ricketts : +44 20 3727 1600
    investors@3ds.com                                        

    Dassault Systèmes Press Contacts
    Corporate / France        
    Arnaud Malherbe: +33 1 61 62 87 73
    arnaud.malherbe@3ds.com        

    © Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval.

     ; 

    Attachment

    • Dassault Systèmes: disclosure of trading in own shares

    The MIL Network –

    February 20, 2025
  • MIL-OSI: DDB Miner Announces New High-Yield Investment Plans for 2025

    Source: GlobeNewswire (MIL-OSI)

    BIRMINGHAM, United Kingdom, Feb. 19, 2025 (GLOBE NEWSWIRE) — DDB Miner, a leading cryptocurrency mining platform, has launched new investment plans designed to maximize earnings while ensuring sustainability and efficiency. With its advanced technology and renewable energy-powered mining operations, DDB Miner offers a seamless and profitable way for investors to generate passive income. The latest investment options allow users to earn up to $9,999 per day with minimal effort.

    New Investment Plans for 2025

    DDB Miner introduces flexible investment options tailored to different levels of investors, ranging from beginners to experienced traders. These plans offer daily returns and include a principal return upon contract expiration. The updated plans include:

    • Starter Plan
      • Investment: $12
      • Daily Return: $0.50
      • Includes a $12 welcome bonus
    • Boosted Hash Power
      • Investment: $100
      • Daily Return: $6
      • Designed for steady profits
    • Top Hash Power
      • Investment: $500
      • Daily Return: $31.50
      • Ideal for long-term growth
    • Premium Contracts
      • Investments range from $8,000 to $50,000
      • Increasing returns based on contract size

    These investment opportunities ensure daily payouts, reliable earnings, and a secure method to grow wealth passively.

    Why Choose DDB Miner?

    Since its founding in 2017, DDB Miner has grown to accommodate over 9 million members worldwide. The platform is recognized for its advanced infrastructure, transparency, and strong commitment to sustainable mining. Here’s what makes DDB Miner stand out:

    • Solar-Powered Mining – Utilizing renewable energy, reducing costs, and minimizing environmental impact
    • Secure and Transparent Operations – Protecting user assets with advanced SSL encryption
    • User-Friendly Interface – A simple and intuitive platform, suitable for both beginners and experienced investors
    • Fast & Reliable Payouts – Investors receive guaranteed daily earnings
    • 24/7 Customer Support – A dedicated team is available to assist users at any time

    How to Get Started?

    Getting started with DDB Miner is quick and easy. Investors can begin earning by following these simple steps:

    1. Sign Up & Get a $12 Bonus – Register on DDB Miner’s official website and receive an instant welcome bonus.
    2. Select an Investment Plan – Choose a contract that aligns with your financial goals and budget.
    3. Start Earning Daily – Once your contract is active, the mining process begins automatically, generating passive income with no manual effort required.

    A Secure and Profitable Future

    As cryptocurrency continues to evolve, DDB Miner remains at the forefront of providing secure, transparent, and high-yield investment opportunities. Whether you’re a newcomer exploring passive income options or an experienced investor looking for steady returns, these new plans offer an excellent way to capitalize on cryptocurrency mining.

    DDB Miner’s commitment to sustainability, security, and profitability makes it a top choice for those looking to enhance their financial future. With a trusted platform, innovative mining technology, and a focus on user satisfaction, DDB Miner is paving the way for a new era of crypto investments.

    Sign up now, claim your $12 bonus, and start your journey to financial freedom. Visit the official website for more details: https://ddbminer.com/

    Media Contact:
    Katerina Audrey
    DDB Miner Media Relations
    Email: info@ddbminer.com

    Disclaimer: This press release is provided by DDB Miner. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. 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 as financial, investment, or trading advice. Investing in cloud mining and 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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1c2f09cc-02cf-45fd-887e-db8a15e701bc

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9d5f2fe4-b799-4736-904c-23ff4a781b15

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5d5d0768-9947-4a65-9331-bfc2475e3d73

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8266c1a6-b8dd-4457-9091-41f63d0dec0a

    The MIL Network –

    February 20, 2025
  • MIL-OSI Europe: New EU plan for agriculture and food sector

    Source: European Union 2

    The vision is built around four main areas. 

    An attractive sector

    The EU will work to make farming a viable and attractive career for future generations. This means fair incomes, better support, and a stronger food chain. We’ll introduce a Generational Renewal Strategy in 2025 to help young farmers innovate and invest in their businesses.

    A competitive and resilient sector

    The EU will help our agri-food system to withstand crises and seize opportunities by becoming more diverse, adaptable, and innovative. We’ll prioritise food security, diversify supply chains, and work towards fairer competition. 

    A future-proof sector 

    Farming will play a key role in the transition to a low-carbon economy. The EU will promote sustainable farming practices that reduce emissions, protect natural resources, and improve soil health. We’ll also develop a voluntary benchmarking system to help farmers measure and improve their performance.

    A sector that values food and people

    The EU wants to reconnect people with the food they eat and the territories and traditions that define it. We’ll support rural areas, reduce food waste, and address societal concerns like animal welfare. We’ll also hold an annual Food Dialogue to discuss critical issues like food affordability and nutrition.

    MIL OSI Europe News –

    February 20, 2025
  • MIL-OSI Africa: 6 in 10 young South Africans have no jobs. Why some still reject offers of work

    Source: The Conversation – Africa – By Hannah J. Dawson, Senior Lecturer, Anthropology and Development Studies, University of Johannesburg

    South Africa has one of the highest unemployment rates in the world. The official rate is 32%, rising to 42% when discouraged job seekers are included. Among young people aged 15 to 24, unemployment reaches a staggering 60%. While much attention has focused on youth exclusion from the labour market and their survival strategies, far less is said about their experiences in precarious jobs, or why some choose to leave low-wage employment.

    Across South Africa, young people are encouraged by the government, NGOs and society to accept unpaid internships, precarious apprenticeships and low-wage jobs on the assumption that these opportunities will lead to better employment. Those who quit or refuse low wage jobs are sometimes derided by employers as “lazy” or “choosy”.

    In 2015 and 2016 I conducted in-depth interviews and a survey with 100 young people (aged 18-35) in the settlement of Zandspruit, near Johannesburg, for my PhD (unpublished). What they told me was that the wage work available to them did not offer a pathway to a dignified life.


    Read more: South Africa’s youth are a generation lost under democracy – study


    Their stories challenge society to rethink the relationship between work, dignity and citizenship. Addressing youth unemployment requires more than increasing job numbers. It demands improving job quality and recognising the aspirations of those without work.

    My journal article, based on the PhD research, challenges the assumption that wage employment automatically leads to economic and social inclusion.

    Work around Zandspruit

    Established in the early 1990s as a small informal settlement, Zandspruit now houses over 50,000 residents within a two kilometre radius. Its unplanned expansion reflects its strategic location near new economic hubs, shaped by the shift from an industrial to a service-based economy.

    Most low-end service jobs in surrounding suburbs, malls and industrial hubs offer neither financial security nor routes to what the men in my study saw as respectable adulthood.

    I asked the men about their movement in and out of wage work, job experiences and work trajectories. Most had only held low-wage service jobs, which they ranked hierarchically: manual labour at the bottom, followed by hospitality and cleaning, with security and retail slightly better. Over half (57%) had never stayed in a job for more than a year. Many lasted only weeks or months.

    Short-term contracts were the leading cause of job loss (35%), followed by voluntary quitting (18%) — often due to low wages — and retrenchment (15%). While temporary contracts and retrenchments explain half of all job losses, voluntary quitting is a striking trend in a country with such high unemployment.

    To understand these departures, I interviewed 37 young people, mainly young men, who had left wage work in 2015-2016. They cited exploitative conditions, workplace racism, and financial and social pressures as key reasons. Their decisions reflect not just dissatisfaction with low wages but a deeper aspiration for dignity, social recognition and economic progress. Work, they insisted, should offer more than basic survival.

    Why young men refuse low-wage work

    All the young men I interviewed had cycled through low-paying jobs as security guards, cashiers, golf caddies, petrol attendants and call centre agents. Over half had quit because of dissatisfaction or exploitation.

    Unemployed builders, tilers, and plumbers seeking jobs on the side of the road in Johannesburg, South Africa. Guillem Sartorio / AFP via Getty Images.

    The most common reason for quitting was exploitative labour conditions. They spoke of employers bypassing minimum benefits, withholding pay and making unfair deductions. Contracts were rarely made permanent. More than just poor wages or bad working conditions, these jobs offered little prospect of social mobility. Some felt that no matter how hard they worked, they would never earn enough to improve their lives or achieve what they saw as key markers of respected manhood, like marriage, establishing a home and supporting a family.

    Eric, who had moved on from low-end jobs to run a small IT business from home, put it simply:

    When you look for a job, you don’t look for one that will drain you. You need a job that will build you so you have a future tomorrow.

    His words reflect a common view: young men do not judge jobs solely by their ability to provide a means of survival, but by whether they offer a path to stability, dignity and a better future.

    Workplace racism and mistreatment were also factors. Many young men recounted being undermined, insulted or unfairly treated by their superiors. The workplace became a direct encounter with South Africa’s racialised inequalities, where almost all low-wage workers are black and most employers and business owners are white.

    Thatho, who quit a retail job after six months, described his frustration:

    That guy [boss] is yelling at me for five days. On the sixth day I realised it’s too much. I can’t do this. I’m trying my best … It’s better if I left the company cause it’s painful when you work hard and someone says you’re not doing anything.

    Being disrespected in the workplace takes a psychological and emotional toll. For some, quitting was a way to reclaim respect and a degree of autonomy.

    Young men faced financial and social pressures, shaped by the male breadwinner ideal, to improve their own lives and support their families. This responsibility often motivated young men to take up or keep jobs, but it also led some to leave. Some quit in search of better-paying jobs. Others quit to escape the social demands tied to earning a wage.

    One young man, who struggled to send his son to a good crèche, keep his girlfriend happy and support his unemployed siblings, explained:

    Even though I’m working, I’m always left with nothing […] sometimes I feel like I’m drowning.

    The inability of low-wage jobs to meet both personal and social expectations drove some to make a living in the informal economy.

    Rethinking work and citizenship

    Wage labour, often idealised as a path to inclusion and citizenship, falls short for many South Africans. By rejecting such jobs, these young men challenge the notion that “any job is better than no job” and assert their right to economic participation on fair and dignified terms.

    – 6 in 10 young South Africans have no jobs. Why some still reject offers of work
    – https://theconversation.com/6-in-10-young-south-africans-have-no-jobs-why-some-still-reject-offers-of-work-249052

    MIL OSI Africa –

    February 20, 2025
  • MIL-OSI USA: Hickenlooper, Colleagues Reintroduce Bipartisan Bill to Support Small Businesses Bid for Federal Contracts

    US Senate News:

    Source: United States Senator for Colorado John Hickenlooper
    WASHINGTON – Today, U.S. Senators John Hickenlooper, Jim Risch, Mike Crapo, and Todd Young reintroduced the bipartisan Simplifying Subcontracting Act, which would make it easier for small businesses to apply for contracts with the federal government.
    “Dense and technical language discourages small businesses from competing for government contracts,” said Hickenlooper. “Our bipartisan bill helps even the playing field.”
    “Small businesses are vital to our economy but are often left out in federal government contracting due to overly complicated, bureaucratic language,” said Risch. “The Simplifying Subcontracting Act requires certain federal government contracts to use plain language, enabling more small businesses to compete for these contracts.”
    Government contracts often contain highly technical and specialized language that can deter small businesses from applying for government contracts. The bipartisan Simplifying Subcontracting Act is a straightforward bill that would require prime contractors to use plain, understandable language when they offer subcontracting opportunities.
    Hickenlooper originally introduced this legislation in the 118th Congress.
    Full text of the bill is available HERE.

    MIL OSI USA News –

    February 20, 2025
  • MIL-OSI: James Altucher: ‘Trump’s White House Return Could Set the Stage for the Biggest IPO of the Decade’

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, Feb. 19, 2025 (GLOBE NEWSWIRE) — Financial expert and bestselling author James Altucher is calling it now in his recent presentation: As Donald Trump returns to the White House, Altucher predicts Elon Musk’s potential Starlink IPO could become the most significant financial event of the decade. According to Altucher, the combination of pro-business policies and a renewed national focus on technological leadership will create the perfect environment for Starlink to launch a record-breaking public offering.

    “The Starlink IPO is set to be a ‘Super-IPO’ unlike anything we’ve seen before,” said Altucher. “With Trump’s administration prioritizing American innovation, this could be one of the most lucrative public offerings in history.”

    A New Era of Economic and Technological Expansion

    Altucher points to Trump’s economic strategy as a key factor in Starlink’s potential success. With an administration poised to streamline regulatory hurdles and accelerate investment in space-based infrastructure, the conditions are aligning for what Altucher refers to as a ‘Super-IPO.’

    “Trump’s administration is expected to create an environment that eliminates red tape and clears the way for American companies to dominate in space and technology,” said Altucher.

    By offering high-speed internet access worldwide through its advanced satellite network, Starlink has already disrupted the telecom industry. Under the Trump administration, Altucher believes the company’s expansion could reach unprecedented heights, positioning it as one of the most powerful technology companies in the world.

    Starlink’s Role in America’s Space Dominance

    According to Altucher, Starlink’s IPO isn’t just about business—it’s about control over the next era of telecommunications and space dominance.

    “Starlink is set to revolutionize global telecommunications, creating an entirely new paradigm for internet access worldwide,” Altucher remarked.

    Musk has long hinted at taking Starlink public, stating that a predictable cash flow would be a key milestone before an IPO. Recent financial reports confirm that Starlink has now crossed that threshold, making a public offering in 2025 more likely than ever.

    Why This IPO Matters More Than Ever

    Starlink’s impact already stretches beyond civilian use. The network has proven critical in military operations, emergency response efforts, and global internet access in previously unreachable locations. With Starlink now generating consistent revenue and preparing for international expansion, Altucher believes this IPO could have a lasting impact on markets, investors, and global geopolitics.

    “This IPO isn’t just about profit—it’s about cementing America’s leadership in space and technology,” Altucher explained.

    About James Altucher

    James Altucher is a 40-year veteran in AI technology, computer science, and investing. He has been a hedge fund manager, a venture capitalist, and one of the early pioneers of AI-driven market forecasting. Altucher has appeared on CNBC, The Wall Street Journal, and The New York Times, sharing his deep expertise on emerging technology trends. He has also founded multiple companies, sold businesses for millions, and written over 20 best-selling books on finance, entrepreneurship, and AI.

    The MIL Network –

    February 20, 2025
  • MIL-OSI: 100x Leverage, Double Deposit Bonus, and $50 Welcome Bonus at BexBack – Start Trading with No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 19, 2025 (GLOBE NEWSWIRE) — With Bitcoin’s price fluctuating below $100,000, many analysts predict a prolonged period of high volatility in the crypto market. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages. The platform now features a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage on cryptocurrency trading, providing exceptional opportunities for investors.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?

    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/714b490f-cc1c-412f-beb4-9b3dc1ec2e06

    https://www.globenewswire.com/NewsRoom/AttachmentNg/36cd0ec5-a1f7-4760-b807-c2db6a7c6909

    https://www.globenewswire.com/NewsRoom/AttachmentNg/508c5eb7-e23a-4a46-ab45-202db77ee998

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f9cd05d1-9e67-4cc0-be44-b7a42a2a1bdc

    The MIL Network –

    February 20, 2025
  • MIL-OSI: iManage Announces Results of 2024 In-house Legal Compensation Survey Report

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 19, 2025 (GLOBE NEWSWIRE) — iManage, the company dedicated to Making Knowledge Work™, today announced the results of the 2024 In-house Compensation Survey conducted by legal news publication Above the Law and sponsored by iManage. Undertaken between June and September 2024, the survey includes responses from more than 1,100 attorneys, representing organizations of all sizes and more than a dozen industries. Together, their responses provide a valuable snapshot of compensation trends for in-house legal professionals interested in benchmarking their own pay or for attorneys considering a move to an in-house position.

    The 2024 report reveals that median total annual compensation has risen for the majority of in-house legal professionals since 2023, from $284,000 to $300,000. Among general counsel and chief legal officers, median pay is now $365,000, up from $325,000 in 2023. However, for junior-level counsel, it is $181,500, down from $196,000.

    Median pay is highest at Fortune 1000 companies. Although many respondents at small private companies earn high base salaries, the most substantial bonuses were more often reported by counsel in large legal departments.

    The vast majority (86%) of respondents receive a bonus. The most common range reflects 20-29% of their base pay. Additionally, almost half of respondents receive stock as a portion of their compensation package, although it generally represents less than 25% of base pay.

    In-house attorneys who reported earning $500,000 or more in total compensation are likely to serve as general counsel or chief legal officer for a private rather than a public company, and to work in either finance or technology. They are also more likely to be male than female.

    This gender pay gap persists across multiple measures. Median annual compensation for male respondents is 15% higher than that for female respondents, and male respondents are more likely to report higher base salaries, bigger bonuses, and higher raises.

    Location-wise, attorneys in big cities reported higher earnings than their peers in smaller markets. Also, compensation was generally higher on the West Coast and in the Mid-Atlantic region than in other parts of the country.

    “iManage is trusted by over one million professionals, including 1,400+ corporate legal departments,” said Michael Powers, Global Director of Product Marketing at iManage. “Sponsoring this survey reflects our commitment to supporting legal teams with valuable insights. As AI investments accelerate across the industry, we remain focused on delivering technology that enhances productivity, mitigates risk, and maximizes secure knowledge sharing for corporate legal teams.”

    About iManage
    iManage is dedicated to Making Knowledge Work™. Our cloud-native platform is at the center of the knowledge economy, enabling every organization to work more productively, collaboratively, and securely. Built on more than 20 years of industry experience, iManage helps leading organizations manage documents and emails more efficiently, protect vital information assets, and leverage knowledge to drive better business outcomes. As your strategic business partner, we employ our award-winning AI-enabled technology, an extensive partner ecosystem, and a customer-centric approach to provide support and guidance you can trust to make knowledge work for you. iManage is relied on by more than one million professionals at 4,000 organizations around the world. Visit www.imanage.com to learn more.

    Follow iManage via:
    LinkedIn: https://www.linkedin.com/company/imanage
    X: https://x.com/imanageinc
    YouTube: https://www.youtube.com/@iManage 

    Press contact:
    Alicia Saragosa, iManage
    press@imanage.com

    The MIL Network –

    February 20, 2025
  • MIL-OSI Global: 6 in 10 young South Africans have no jobs. Why some still reject offers of work

    Source: The Conversation – Africa – By Hannah J. Dawson, Senior Lecturer, Anthropology and Development Studies, University of Johannesburg

    South Africa has one of the highest unemployment rates in the world. The official rate is 32%, rising to 42% when discouraged job seekers are included. Among young people aged 15 to 24, unemployment reaches a staggering 60%. While much attention has focused on youth exclusion from the labour market and their survival strategies, far less is said about their experiences in precarious jobs, or why some choose to leave low-wage employment.

    Across South Africa, young people are encouraged by the government, NGOs and society to accept unpaid internships, precarious apprenticeships and low-wage jobs on the assumption that these opportunities will lead to better employment. Those who quit or refuse low wage jobs are sometimes derided by employers as “lazy” or “choosy”.

    In 2015 and 2016 I conducted in-depth interviews and a survey with 100 young people (aged 18-35) in the settlement of Zandspruit, near Johannesburg, for my PhD (unpublished). What they told me was that the wage work available to them did not offer a pathway to a dignified life.




    Read more:
    South Africa’s youth are a generation lost under democracy – study


    Their stories challenge society to rethink the relationship between work, dignity and citizenship. Addressing youth unemployment requires more than increasing job numbers. It demands improving job quality and recognising the aspirations of those without work.

    My journal article, based on the PhD research, challenges the assumption that wage employment automatically leads to economic and social inclusion.

    Work around Zandspruit

    Established in the early 1990s as a small informal settlement, Zandspruit now houses over 50,000 residents within a two kilometre radius. Its unplanned expansion reflects its strategic location near new economic hubs, shaped by the shift from an industrial to a service-based economy.

    Most low-end service jobs in surrounding suburbs, malls and industrial hubs offer neither financial security nor routes to what the men in my study saw as respectable adulthood.

    I asked the men about their movement in and out of wage work, job experiences and work trajectories. Most had only held low-wage service jobs, which they ranked hierarchically: manual labour at the bottom, followed by hospitality and cleaning, with security and retail slightly better. Over half (57%) had never stayed in a job for more than a year. Many lasted only weeks or months.

    Short-term contracts were the leading cause of job loss (35%), followed by voluntary quitting (18%) — often due to low wages — and retrenchment (15%). While temporary contracts and retrenchments explain half of all job losses, voluntary quitting is a striking trend in a country with such high unemployment.

    To understand these departures, I interviewed 37 young people, mainly young men, who had left wage work in 2015-2016. They cited exploitative conditions, workplace racism, and financial and social pressures as key reasons. Their decisions reflect not just dissatisfaction with low wages but a deeper aspiration for dignity, social recognition and economic progress. Work, they insisted, should offer more than basic survival.

    Why young men refuse low-wage work

    All the young men I interviewed had cycled through low-paying jobs as security guards, cashiers, golf caddies, petrol attendants and call centre agents. Over half had quit because of dissatisfaction or exploitation.

    The most common reason for quitting was exploitative labour conditions. They spoke of employers bypassing minimum benefits, withholding pay and making unfair deductions. Contracts were rarely made permanent. More than just poor wages or bad working conditions, these jobs offered little prospect of social mobility. Some felt that no matter how hard they worked, they would never earn enough to improve their lives or achieve what they saw as key markers of respected manhood, like marriage, establishing a home and supporting a family.

    Eric, who had moved on from low-end jobs to run a small IT business from home, put it simply:

    When you look for a job, you don’t look for one that will drain you. You need a job that will build you so you have a future tomorrow.

    His words reflect a common view: young men do not judge jobs solely by their ability to provide a means of survival, but by whether they offer a path to stability, dignity and a better future.

    Workplace racism and mistreatment were also factors. Many young men recounted being undermined, insulted or unfairly treated by their superiors. The workplace became a direct encounter with South Africa’s racialised inequalities, where almost all low-wage workers are black and most employers and business owners are white.

    Thatho, who quit a retail job after six months, described his frustration:

    That guy [boss] is yelling at me for five days. On the sixth day I realised it’s too much. I can’t do this. I’m trying my best … It’s better if I left the company cause it’s painful when you work hard and someone says you’re not doing anything.

    Being disrespected in the workplace takes a psychological and emotional toll. For some, quitting was a way to reclaim respect and a degree of autonomy.

    Young men faced financial and social pressures, shaped by the male breadwinner ideal, to improve their own lives and support their families. This responsibility often motivated young men to take up or keep jobs, but it also led some to leave. Some quit in search of better-paying jobs. Others quit to escape the social demands tied to earning a wage.

    One young man, who struggled to send his son to a good crèche, keep his girlfriend happy and support his unemployed siblings, explained:

    Even though I’m working, I’m always left with nothing […] sometimes I feel like I’m drowning.

    The inability of low-wage jobs to meet both personal and social expectations drove some to make a living in the informal economy.

    Rethinking work and citizenship

    Wage labour, often idealised as a path to inclusion and citizenship, falls short for many South Africans. By rejecting such jobs, these young men challenge the notion that “any job is better than no job” and assert their right to economic participation on fair and dignified terms.

    Hannah J. Dawson received funding from the Commonwealth Scholarship Commission and the National Research Foundation.

    – ref. 6 in 10 young South Africans have no jobs. Why some still reject offers of work – https://theconversation.com/6-in-10-young-south-africans-have-no-jobs-why-some-still-reject-offers-of-work-249052

    MIL OSI – Global Reports –

    February 20, 2025
  • MIL-OSI Global: Trump threatens to disrupt the world’s critical minerals supply – but there are reasons to be positive

    Source: The Conversation – UK – By Jorge Valverde, PhD Fellow, Maastricht Economic and Social Research Institute on Innovation and Technology (UNU-MERIT), United Nations University

    Nickel laterite in an open pit mine. Nickel is one of the critical minerals

    There’s a chance Donald Trump’s second term as US president could have a long-term negative impact on the demand for and supply of what are known as critical minerals. These include copper, lithium, nickel, cobalt and the “rare earth elements”, such as lanthanum and yttrium.

    They are vital for the green energy transition, being used in electric car batteries, solar panels and wind turbines. Trump’s decision to pull out of the UN’s Paris agreement to control global warming has led to some pessimistic perspectives on this policy’s impacts.

    If Trump’s move towards oil and gas is interpreted by the markets as permanent, the price incentive for new mining projects for critical minerals will fall, along with long-term supply. This could potentially threaten the green energy transition.

    However, there are reasons to doubt this pessimistic scenario. Contrary to this, we believe that the new US administration policy is just a temporary shock without a significant change to the world’s energy transition trajectory. Therefore, critical mineral markets will remain buoyant in the medium and long term. This position is based on three main arguments.

    1. The US holds a competitive position in critical mineral markets

    There’s a generalised perception that the US depends on importing critical minerals from other countries, such as China. This is true for a handful, but, overall, America is one of the most competitive countries in producing the minerals needed for green technology.

    Indeed, the US has a revealed comparative advantage in exporting a wide variety of minerals and, among them, the most critical ones.

    Supplies of germanium are tightly controlled by China.
    RHJPhtotos

    Therefore, it will be in the US’s interests to keep the lucrative critical mineral markets dynamic. Even if the US reduces its sustainability ambitions, slowing its demand for new clean technologies, it is likely to do it carefully, so as not to harm its own industries.

    Indeed, we expect the US to increase its interest in developing processing industries to recover some minerals from electronic waste or intermediate stages in some manufacturing processes. These include germanium and gallium, which are tightly controlled by China (their biggest producer) but which are vital for computer chips and renewable energy technology, as well as night-vision goggles.

    2. The US produces and uses only a small share of clean technologies

    China and Europe drive these markets. The US does not drive either the demand or the supply for new clean technologies. On the demand side, the US only represents 10% of world electric car sales, while China and Europe account for 66% and 20% of the market respectively.

    China represents over 43% of installed solar energy capacity.
    Wang An Qi Shutterstock

    Similarly, for the world installed solar energy capacity, China represents over 43% of the market, Europe 20%, and the US only 10%. On the supply side, the US produces around 15% of the world’s electric cars, while China represents more than 50% of the market.

    For other clean technologies, statistics are similar with a remarkable leadership of China in the production of solar panels and wind turbines.

    So the policies followed by China and Europe are likely to have a much larger impact on the energy transition than the US’s. In the likely event that these countries continue pushing forward the green transition, the cost of slowing its technological catch up for the US will be too high.

    Moreover, oil producer countries of the Middle East are heavily betting for new clean technologies, which could offset the lower appetite for green assets from the US. So regardless of what Trump’s administration will decide on this matter, its influence on the market for clean technologies will be limited.

    3. New tariffs could further increase some minerals’ criticality

    Import tariffs imposed by Trump’s first administration to promote local production damaged US exports of those industries using imported intermediate, or partly finished, goods. In other words, international trade along global value chains has modified the textbook dynamics of protectionism, and exports are hindered – and not fostered – by import protection.

    President Trump has said he plans to impose 25% new tariffs on imports from Canada and Mexico. This could increase the criticality of some minerals for the US. For example, nickel and aluminium could become even more critical to the US economy because Canada supplies almost 40% of the nickel employed by US industry, and 70% of the aluminium.

    As a consequence, new tariffs could indeed increase the criticality of some minerals. Indeed, this was probably in some way behind the decisions to postpone the tariff increases and to only impose them on selected products.

    The energy policies of the new American administration will have ripple effects. But these are likely to be temporary and the market in critical minerals is unlikely to be affected long term. The global transition to clean energy seems safe, for now.

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

    – ref. Trump threatens to disrupt the world’s critical minerals supply – but there are reasons to be positive – https://theconversation.com/trump-threatens-to-disrupt-the-worlds-critical-minerals-supply-but-there-are-reasons-to-be-positive-249058

    MIL OSI – Global Reports –

    February 20, 2025
  • MIL-OSI United Kingdom: National Wealth Fund makes first investment in Scotland

    Source: United Kingdom – Executive Government & Departments

    Scottish Secretary welcomes £43.5m boost for sustainable packaging firm that will encourage growth, creating jobs and prosperity

    The National Wealth Fund has made its first investment in Scotland since its transformation to help boost growth as part of the UK Government’s Plan for Change.

    The NWF is committing £43.5m in direct equity for sustainable packaging company Pulpex, which is to build its first commercial-scale manufacturing facility near Glasgow. A further £10m co-investment is coming from the Scottish National Investment Bank with an additional boost coming from existing investors to take the total funds behind the firm to £62m.

    The company has developed a unique fibre-based bottle as an alternative to glass and plastic. The product is manufactured from sustainably-sourced wood pulp and designed to be recycled in the same way as paper or card in normal household recycling streams. Its patented technology results in a recyclable and biodegradable end-product with a lower carbon impact than current glass or plastic packaging.

    Pulpex’s Glasgow plant, which will produce 50 million bottles per year and create the UK’s first fibre bottle supply chain, will create 35 new jobs in Scotland.

    Chancellor of the Exchequer Rachel Reeves said:

    Our Plan for Change is about going further and faster to kickstart economic growth so working people have more money in their pockets.  That’s why we established the National Wealth Fund which in the last six months has fuelled 8,600 jobs and unlocked £1.6 billion of private investment in the industries that turbocharge growth in our economy. This latest NWF investment is welcome news, creating jobs, sustainable growth and opportunity in Scotland.  

    Scottish Secretary Ian Murray said:

    I’m delighted to see this first investment in Scotland from the new National Wealth Fund. Boosting business is a cornerstone of our Plan for Change and will create jobs and opportunities to raise living standards.

    Just last month, we announced that Glasgow had been chosen as one of four areas where the UK Government will develop investment pipelines and this new Pulpex facility, to be built on the outskirts of the city, is a prime example of how supporting regional growth will benefit people right across the UK. The firm’s innovative bottling solution will aid the decarbonisation of our packaging industry and help accelerate our Net Zero goals as we drive delivery of clean power by 2030.

    Deputy First Minister Kate Forbes said:

    “This investment by the Scottish National Investment Bank will build on Glasgow’s rich history of innovation and deliver more green jobs for the future. To drive investment into Scotland, we have allocated £200 million to the Bank for the next financial year. The Bank has a strong track record of success and has generated more than £1.4 billion of private sector investment since opening for business in 2020.”

    The investment announced today will enable the construction of Pulpex’s first manufacturing facility to reach commercial-scale capacity. The financing will help create the conditions for growth in both Scotland and the wider alternative packaging sector. 

    A move from plastic and glass to paper packaging will enable a step change in decarbonising the packaging industry and its efforts to increase the recycling rates of consumer goods, with the material benefiting from the highest recycling rates and most sophisticated infrastructure compared to other packaging alternatives.

    In the UK alone, over 38.5 million plastic bottles are used every day, with around 16 million ending up in landfill, being burnt, or littering the environment and waterways, according to Water UK. The UK’s 25 Year Environment Plan aims to double resource productivity and eliminate all avoidable waste, including plastic, by 2050. This means investments in economically viable and ready-to-go options like Pulpex are critical interventions for the future sustainability of the consumer goods industry.

    John Flint, National Wealth Fund CEO, said:

    “We need to recycle more and unlock the growth potential of the circular economy. That requires sophisticated, long-term investment, both in infrastructure and packaging innovation. Exciting technological advancements like Pulpex are a great example of that potential, but they need catalytic investment to scale and commercialise. Through financing Pulpex’s new facility in Glasgow, we will help remove barriers to future investment from private capital and lay the foundations for further growth.”

    Scott Winston, Pulpex, said:

    “Thanks to the National Wealth Fund, the Scottish National Investment Bank, our Pulpex team and to our stakeholders for their continued support. This investment will drive the decarbonisation of the packaging sector using leading edge Material Bioscience to ensure this much-needed alternative to glass and plastic will deliver its ambition. Accelerated by the incredible business ecosystem that flourishes within Glasgow, this will be a visible shining star demonstrating the scalability of Pulpex technology for partners to adopt globally.”

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    Published 19 February 2025

    MIL OSI United Kingdom –

    February 20, 2025
  • MIL-OSI United Kingdom: City council set to appoint new contractor for waste-to-energy services  

    Source: City of Stoke-on-Trent

    Hanford Site

    Published: Wednesday, 19th February 2025

    The cabinet has been asked to give officers the green light to enter a contract and project agreement for disposal of waste at the site. 

    Stoke-on-Trent City Council is set to appoint a contractor to run waste-to-energy services at the Hanford site for the next five years. The current contract ends at the end of March this year.  

    The cabinet has been asked to give officers the green light to enter a contract and project agreement for disposal of waste at the site. 
     
    The new operation and maintenance contract will ensure the current plan is capable of operating for a further five years, providing the best value and most environmentally sustainable means of disposing residual waste in the city.  

    The terms would include an option to extend for a further two years, if required.  

    The cabinet is also set to approve moving ahead with developing plans for the energy-from-waste facility post 2030.  

    The move will give the council certainty moving forward – providing the city with a cost-effective, efficient, centrally-located waste disposal service, while the new facility is developed. 
     
    Councillor Amjid Wazir OBE, cabinet member for city pride, enforcement and sustainability for Stoke-on-Trent City Council, said: “This announcement is great news Thanks to effective management and strategic investment in the facility, the plant has already reduced its emissions reduced by around 20 per cent over the last couple of years. At the same time, capacity and availability have increased. its also seen capacity and availability increase.  

     
    “While these improvements are significant, the plant is coming to the end of its useful life and we now need to start future planning for securing a replacement facility for the disposal of residual waste. 

    “The energy-from-waste site ensure almost no waste goes to landfill. In fact, the reduction is to just 0.1 per cent and provided the most cost-effective outcome ensuring financial resources can be protected for frontline services. Secure, low-cost carbon energy will be generated and made available for use within the city.” 

    MIL OSI United Kingdom –

    February 20, 2025
  • MIL-OSI United Kingdom: Council cuts savings target as it sets budget for 2025/2026

    Source: City of Wolverhampton

    The council’s Cabinet was today (Wednesday 19 February) expected approve a finance report that sets a balanced budget for 2025/26.

    The report also reveals the council has reduced the amount it needs to save over the next 2 years from £32.6 million to £17.2 million by 2026/2027.

    Council Leader Stephen Simkins said that despite the difficult financial climate, their priority remained delivering “what matters most to residents.”

    He said: “Thanks to lots of hard work to deliver savings proposals and some additional funding from the new Government, we’ve been able to bring down our deficit.

    “This doesn’t mean the financial challenges have gone away – far from it. There is still a lot of hard work to be done and more difficult decisions ahead, but we will never stop being ambitious for our city.

    “By managing the financial challenge and making savings in some areas, we are able to invest more in what matters most to our residents.”

    Independent Auditors Grant Thornton recently gave the council a ‘clean bill of health’ for its annual statement of accounts and said that it provided ‘value for money’ in its annual auditor’s report.

    Councillor Louise Miles, Cabinet Member for Resources, said this demonstrated that the council managed public funds well and was open and transparent with residents on its spending plans.

    She said: “I’m proud to set a balanced budget for the year ahead which means we will continue to deliver excellent services while having a positive impact on the lives of everyone who lives in our city.

    “I’d like to thank residents for their understanding as we review and make changes to some of the services we deliver. I’d also like to thank those who responded to our budget consultation. Our engagement with residents is an ongoing process and we welcome everyone’s views on our plans.”

    The budget report will now be debated at next week’s meeting of Full Council (Wednesday 26 February).

    MIL OSI United Kingdom –

    February 20, 2025
  • MIL-OSI Security: Defense News: NUWC Division, Keyport embraces wartime readiness culture

    Source: United States Navy

    Led by NUWC Division, Keyport wartime readiness director Troy Kelley and chief logistician Wendy Kierpiec, the WRAT is focused on ensuring the command’s ability to anticipate and respond to warfighter needs across the entire spectrum of operations, from peacetime to active conflict. Its goal is to achieve initial operational capability for wartime readiness by Sept. 30, 2025.

    The team includes senior command leaders, technical experts from each department, and advisory and ad-hoc members with specialized subject matter expertise. Its work is part of a broader effort to shift the Navy’s focus from peacetime efficiency to wartime effectiveness, driven by the need to counter the growing potential for military and economic challenges from China between now and 2027, a period known as the “Davidson window.”

    This period takes its name from Adm. Phil Davidson, former commander of U.S. Indo-Pacific Command, who warned, in testimony to Congress four years ago, about the potential for China to take action against Taiwan by 2027.

    Kelley elaborated on the need to adopt a posture of wartime effectiveness.

    “Everything we [currently] do is about return on investment: How can we produce more with less and be the most efficient organization out there,” said Kelley. “When you get into a time of conflict, that measure flips the opposite way. Effectiveness becomes your measure.”

    To drive this shift, the WRAT has been developing wartime response plans, identifying and addressing readiness gaps, improving command communication, and establishing a crisis response center to coordinate and respond to wartime-related activities.

    Kierpiec, who developed the command’s wartime concept of operations and crisis response posture, emphasized the importance of being prepared for any scenario and the need for a flexible, adaptable response plan.

    “We haven’t had to tackle in so many decades, and since the end of the Cold War, we’ve downsized a lot of our military resources,” said Kierpiec. “As a result, we’re building the airplane as we’re flying it—we’re still figuring things out and developing our plans and processes in real time, which can be difficult, but it’s also an opportunity for us to be innovative and adaptable in our approach.”

    Kierpiec stressed the need to prepare for various wartime scenarios, including communication disruptions, damage or destruction to military assets, and contested environments where commercial transportation and shipping may be restricted, necessitating the use of other means to deploy personnel. She added that these challenges would likely be particularly pronounced in the context of a war in the Indo-Pacific Command area of operation, given its distance from Keyport.

    “We’ve got approximately 7,000 nautical miles between Keyport and the Straits of Taiwan,” said Kierpiec. “How do we overcome that from a logistics perspective? What’s the communication flow? Who would we be getting direction and orders from? How can we still provide our expertise to support the problem from stateside? Or should we be sending someone out there, and how do we get them out there? Do we have to get them on a military transport aircraft? Are they prepared to go in theater?”

    These are among the many questions the WRAT has been actively working to address through planning, exercises and drills.

    Held monthly in the CRC, the drills use realistic wartime scenarios to assess and refine the team’s communication strategies, response times and logistical capabilities. To simulate real-world conditions, they are unannounced and involve the use of secure communication channels and classified networks.

    Common scenarios include responding to an attack on a naval vessel, providing emergency repairs to a damaged ship, and supporting a large-scale military operation in a contested or degraded environment.

    Each of the command’s departments is represented during these drills, with key personnel assuming the roles of watch stander, battle watch captain and assistant battle watch captain. The watch stander monitors and reports on the command’s crisis response efforts, while the battle watch captain oversees the crisis response and provides strategic guidance, and the assistant battle watch captain supports the battle watch captain as needed.

    The team must work together to assess the situation, develop a response plan and allocate resources as needed. It is evaluated on its ability to collaborate, make decisions quickly and decisively, and communicate effectively both internally and with higher headquarters.

    Jeff Kistler, head of NUWC Division, Keyport’s Information Technology Support Services Branch, and Amy Abbott, the command’s emergency management officer, have been instrumental in establishing and maintaining the CRC. Kistler oversees its IT infrastructure, while Abbott manages its operational and procedural aspects.

    “We’ve spent hundreds of hours developing things that make us as lethal and prepared as possible,” said Abbott. “We’ve spent a lot of time really pulling apart the nuts and bolts of our processes. We’ve developed standard operating procedures, directives and desk guides, and we’ve developed them in such a way that anybody could walk in, sit at a departmental desk, open the book from page one and know what they’re doing without guidance.”

    Kistler stressed the CRC’s vital role in enabling the command to quickly respond to and support naval operations in real-world scenarios.

    “If we’re in a wartime scenario and there are casualties out in the fleet, we may be called upon to help get that ship back into the fight,” said Kistler. “[Providing that type of support] takes a lot of knowledge of what Keyport does, and that’s the kind of expertise that our personnel in the room collectively bring to the table.”

    Effective communication is crucial in such situations, and to this end, Kistler is tasked with ensuring the command’s communication systems are robust and reliable. This involves developing redundant communication paths, planning for continuity of operations in the event of disruptions or outages, and identifying and mitigating single points of failure in the CRC’s command and control systems.

    A key aspect of wartime readiness is the ability to anticipate ways in which one may need to pivot and redirect resources to address emerging priorities and gaps.

    “To support wartime efforts, we need to be able to pivot and change the way we conduct our business, prioritize our business and increase the tempo of our operations,” said Bryan Duffey, head of NUWC Division, Keyport’s Enterprise Systems Engineering Division and WRAT team lead for his division’s parent unit, the Fleet Readiness Department. “We need to be able to redirect resources to reinforce priority areas, increase op tempo areas, or leverage other technical capabilities and skills to fill emerging gaps.

    Duffey is responsible for ensuring his department is prepared to support the fleet during wartime. In the event of a conflict, this support would involve providing expeditionary repair capabilities and technical expertise for ship and submarine maintenance and repair.

    Among Kierpiec’s top priorities is identifying and addressing NUWC Division, Keyport’s readiness gaps and pivot points. The latter are capabilities the command has today that might need to be expanded or accelerated to support the warfighter.

    One pivot point of particular interest is NUWC Division, Keyport’s additive manufacturing capability.

    “We have a pretty a robust infrastructure in place for that,” said Kierpiec. “How would we respond to a request to do additive manufacturing for potentially a different customer? Maybe we get asked to make helicopter blades because [another customer] cannot for some reason. How could we rise to that occasion?”

    Wartime readiness gaps often stem from the challenges of operating in a contested or denied environment. These can include disruptions to communications and logistics, limited access to transportation and the need for rapid technical support to address emerging fleet requirements.

    According to program analyst Havalah Noble, WRAT team co-lead for the Unmanned and Theater Undersea Warfare Systems Department, the command is on track to meet its wartime readiness goals.

    “I feel like Keyport is ready and we will meet the NAVSEA and Navy goals of the Davidson window of 2027,” said Noble. “We’re perpetuating a culture of readiness now and there is urgency and dedication and vigilance in the practice, and it is important that we continue to do this work.”

    Command policy officer Melissa Berry, who oversees policy for the WRAT, agrees.

    “I think the clarity coming down from the Chief of Naval Operations and from NAVSEA on what we’re trying to accomplish, has really resonated with the team and provided a sense of urgency,” Berry said. “I am optimistic that come 2027, we will be in a strong place.”

    But the real goal of the 2027 target is not to get ready for war, but to make war unnecessary.

    “We want to demonstrate that our Navy is prepared to fight a war in 2027, but obviously our goal is to not have to do that,” said Jack Smith, lead exercise planner for the Naval Sea Systems Command’s Warfighting Readiness Directorate and a WRAT team lead for the Undersea Weapons Department. “We want to demonstrate the strength and the capability, so that potential enemies decide that 2027 is not when they want to fight a war.”

    Abbott emphasized the importance of wartime preparedness not just at work, but also at home.

    “We need to be thinking not only about how we support our warfighters who are out there on the water, but also how we support our brothers, our sisters, our husbands, our wives and other family members out there,” said Abbott. “This means being prepared at home, having discussions with our families, and having a plan in place, so that we can take care of our loved ones and be the best asset we can be for our warfighters in a time of crisis.”

    Abbott recommends having an emergency kit, establishing local emergency contacts, drafting powers of attorney for children’s care, and planning for how to manage everyday responsibilities such as school schedules and childcare in the event of a crisis.

    For additional resources and guidance on emergency preparedness, visit Ready.gov.

    Naval Undersea Warfare Center Division, Keyport is headquartered in the state of Washington on the Puget Sound, about 10 miles west of Seattle. To provide ready support to Fleet operational forces at all major Navy homeports in the Pacific, NUWC Division, Keyport maintains detachments in San Diego, California and Honolulu, Hawaii, and remote operating sites in Guam; Japan; Hawthorne, Nevada; and Portsmouth, Virginia. At NUWC Division, Keyport, our diverse and highly skilled team of engineers, scientists, technicians, administrative professionals and industrial craftsmen work tirelessly to develop, maintain and sustain undersea warfare superiority for the United States.

    Are you ready to join one of the largest and most dynamic employers in Kitsap County? We are continually hiring engineers, scientists and other STEM professionals—as well as talented experts in business, finance, logistics and support roles—so if you are eager to be at the forefront of undersea research and development, we want you on our team. Explore our exciting job opportunities at nuwckeyport.usajobs.gov and take the first step toward building your career at NUWC Division, Keyport.

    MIL Security OSI –

    February 20, 2025
  • MIL-OSI: MEF Unveils NaaS Network APIs for an AI-Driven Economy and Application-Led Connectivity

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Feb. 19, 2025 (GLOBE NEWSWIRE) — MEF a global industry association of enterprises and network, cloud, security, and technology providers accelerating enterprise digital transformation, today announced its NaaS Network APIs. As applications increasingly rely on APIs to optimize quality of experience, MEF – working with GSMA, CAMARA and its members – is enabling an AI-driven economy where applications can dynamically request and adjust network performance on demand.

    These capabilities will be demonstrated at Mobile World Congress (MWC) 2025, March 3-6 in Barcelona, Spain, as part of the GSMA Open Gateway Showcase. MEF, along with industry leaders Colt and Orange will present a Quality on Demand (QoD) demonstration leveraging open-source CAMARA APIs to enable real-time, automated network interactions.

    Traditionally, network performance was managed manually or through static configurations, limiting adaptability. As enterprises increasingly rely on AI, real-time analytics, and immersive technologies, networks must evolve to meet shifting demands. MEF’s NaaS Network APIs, in combination with GSMA Open Gateway and CAMARA APIs, enable applications to intelligently adjust network resources on demand—paving the way for a new era of adaptive, automated connectivity.

    “NaaS Network APIs are a significant step forward in MEF’s API strategy, enabling new opportunities for AI enabled applications, real-time automation, and secure service delivery across wired and wireless networks,” said Pascal Menezes, CTO, MEF. “By integrating open-source CAMARA APIs with MEF standards, enterprises and developers can dynamically program the network, ensuring that edge-native applications—from autonomous vehicles to AI-powered real time analytics—operate with reliable performance and security. This is a major milestone in advancing NaaS with AI, automation, and cybersecurity at its core.”

    At MWC 2025’s GSMA Open Gateway Showcase, the QoD demonstration with MEF, Colt, and Orange will highlight how edge-native applications can seamlessly interact with both mobile and fixed-line networks to dynamically provision resources. The demo features a converged approach to network quality, with Orange’s 5G Quality on Demand capability optimizing mobile network performance, and Colt’s On-Demand NaaS platform ensuring dynamic service quality across the core backbone network. By leveraging CAMARA APIs, MEF standards and software defined networking, the application intelligently provisions and adjusts network resources in real time, enabling adaptive, cross-domain connectivity for a wide range of use cases, including AI, cloud gaming, tele-robotics, and Industry 4.0 applications.

    Henry Calvert, Head of Networks, GSMA, said: “Through this showcase MEF, Colt and Orange are bringing to life the benefits that open QoD APIs can deliver. By integrating QoD APIs, enterprise developers can enhance a whole range of digital services from online gaming and entertainment streaming through to powering smart mobility, beyond line of sight aviation and industry 4.0. However, for these services to gain strong adoption around the world, it’s vital that the mobile ecosystem unifies behind a common approach, as we’re seeing here, through the GSMA Open Gateway and CAMARA initiative.”

    Mirko Voltolini, VP Technology and Innovation, Colt Technology Services, said, “Our technology demonstration with MEF and Orange is a powerful example of collaboration driving innovation and pushing boundaries. It paves the way for a more integrated and effortless service experience for our customers as we embrace the Digital AI Era.” 

    Emmanuel Rochas, CEO Orange Wholesale International, said, “Combining MEF APIs and CAMARA APIs unleashes the potential of Fixed and Mobile network convergence, enabling any application to seamlessly and transparently switch between the two networks.
    This ‘Quality on Demand’ use case applies to SD-WAN design for businesses, supports many other use cases where managing quality is required in order to deliver the right level of service. This project reinforces our commitment to providing our customers with a seamless user experience across our networks, in a federated approach with our peers.  Our NaaS offering, Click, is a key part of this approach and is already embraced by our customers.”

    Experience MEF’s NaaS Network APIs in action at MWC 2025 in the GSMA Open Gateway Showcase to see how innovative network APIs are shaping the future of AI, automation, and edge-native applications. For more information about MEF visit www.mef.net.

    About MEF
    MEF is a global consortium of enterprises and service, cloud, cybersecurity, and technology providers collaborating to accelerate enterprise digital transformation. It delivers standards-based frameworks, services, technologies, APIs, and certification programs to enable Network-as-a-Service (NaaS) across an automated ecosystem. MEF is the defining authority for certified Lifecycle Service Orchestration (LSO) business and operational APIs and Carrier Ethernet, SASE, SD-WAN, Zero Trust, and Security Service Edge (SSE) technologies and services. MEF’s Global NaaS Event (GNE) convenes industry leaders building and delivering the next generation of NaaS solutions. For more information about MEF, visit MEF.net and follow us on LinkedIn and Twitter. 

    Media Contact:
    Melissa Power
    MEF
    pr@mef.net

    The MIL Network –

    February 20, 2025
  • MIL-OSI: Dinewise, Inc. (DWIS) Releases Corporate Update for 2025

    Source: GlobeNewswire (MIL-OSI)

    Discussion of New Initiatives and Plans for the Future

    ATLANTA, GA, Feb. 19, 2025 (GLOBE NEWSWIRE) — Dinewise, Inc (OTC PINK-DWIS) (referred to as “Dinewise”, “we”, “us”, “our” or the “Company”) a fintech company operating as PawnTrust Inc., providing solutions to the pawn shop industry today announces its corporate update for Q1/2025.

    The PawnTrust Marketplace

    The development team is in the testing phase of the PawnTrust Marketplace, which is expected to go live in April 2025. Management is focused on creating the first-ever pawn partner network, seamlessly integrating pawn shop inventory onto the PawnTrust platform. This initiative will allow local pawn shops to display their inventory nationally overnight, significantly increasing their exposure. PawnTrust will leverage its marketing expertise and financial strength to drive additional engagement for its Pawn Partner network. With nearly 11,000 pawn shops nationwide, the company aims to onboard 10% of them initially. The platform integrates Artificial Intelligence (AI) to enhance sales through AI-driven descriptive tags and a context-based search function. This user-friendly interface ensures an immersive and engaging shopping experience, ultimately improving customer satisfaction and driving sales growth. AI remains a key component in the company’s strategy to stay competitive and compliant in the evolving financial industry.

    TitlePal Acquisition

    PawnTrust is in the final stages of negotiations to acquire TitlePal, a fintech company that has developed an innovative online solution for Title Pawn transactions The Company expects to finalize the acquisition in early Q1 2025. TitlePal is actively processing loans and has successfully tested its online platform with favorable results. This acquisition will enable TitlePal to expand into Alabama, Texas, and Mississippi, effectively doubling its receivable base by year-end. The platform has streamlined the title loan process to a 30-minute online transaction, significantly reducing the time typically required in traditional methods.

    Registration Statement & Compliance

    The company is finalizing its 2023 and 2024 audits and expects to file its registration statement by April 2025. As part of its growth strategy, Dinewise has identified board members with the necessary expertise to facilitate market penetration. Additionally, the company is in discussions with regulators to implement both a name and ticker symbol change. Dinewise remains current in its filings and is committed to maintaining transparency with its shareholder base.

    CEO Corner

    To reinforce its commitment to transparency, the company has launched “CEO Corner,” a weekly update from CEO Michael Farr on the company’s YouTube channel (@PawnTrust). Initially scheduled for February 7, the first episode will now premiere on February 28, following a decision to enhance production quality through a partnership with Bellamar Pictures; an Atlanta-based film company. This exclusive agreement ensures professional-grade production that aligns with PawnTrust’s commitment to excellence.

    “When I accepted the role of Chief Executive Officer, my goal was to build a strong and enduring foundation. We have been diligently reinforcing the core of this company. When our investors assess our progress, they will recognize a company built on stability, capable of navigating any challenge with confidence,” Michael Farr, CEO.

    About PawnTrust

    PawnTrust is an exclusively tailored marketplace for the estimated 11,000 pawn shops nationwide. The online marketplace (www.pawntrust.com) digitizes the inventory using advanced image recognition algorithms to automate item descriptions of the participating pawn shops and markets them on a national scale. The marketplace contains cutting-edge technology that streamlines the borrowing, buying, and bartering transactions typically found at a pawn shop. The platform plans to leverage Artificial Intelligence (AI) to optimize pricing, reduce fraud, and create personalized search recommendations to enhance the customer’s experience. These enhancements let consumers experience a frictionless shopping experience on their mobile app that gives them instant access to this nationwide inventory of pawn shops. Not only does this provide a more efficient way for consumers to shop, eliminating the need to visit multiple stores, but it also amplifies the reach of individual pawn shop owners. By joining the PawnTrust- ‘Pawn Partners’ network, shop owners gain access to a broader audience, enhancing their visibility and sales opportunities. This innovative approach aligns customer convenience with business growth, reshaping how people interact with the pawn industry. Consumers that purchase items outside of their local area will have their items conveniently shipped to them. As the intermediary in each transaction, PawnTrust earns a fee on every item sold in the marketplace. Many of these local pawn shops lack an online presence or the capital to market their inventory on a national scale. By bridging this gap, PawnTrust opens up opportunities for incremental sales from a wider buying base, effectively transforming the pawn shop and micro-lending industries. This model not only supports local businesses but also extends their reach, driving growth and innovation within the market.” 

    Forward-Looking Information

    This release includes statements that may constitute ”forward-looking” statements, usually containing the words ”believe,” ”estimate,” ”project,” ”expect” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to be accurate. Security holders are cautioned such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company’s current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, risks and uncertainties related to the current unknown duration and severity of the COVID-19 pandemic and other risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

    Investor Relations:
    Resources Unlimited
    718-269-3366
    mike@resourcesunlimitedllc.com

    The MIL Network –

    February 20, 2025
  • MIL-OSI: CDPQ announces increase to previously announced sale of common shares of Intact Financial

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Feb. 19, 2025 (GLOBE NEWSWIRE) — CDPQ today announced that it has increased the size of its previously announced sale of common shares of Intact Financial Corporation (TSX: IFC). Pursuant to the amended terms, CDPQ has agreed to sell 3,577,000 common shares, representing approximately 2.0% of the issued and outstanding common shares of Intact as of February 19, 2025.

    The common shares are being sold at a gross price of $278.60 per share, which has been underwritten by CIBC Capital Markets and National Bank Financial. CDPQ expects to receive gross cash proceeds of approximately $996,552,200 from the offering.

    ABOUT CDPQ
    At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2024, CDPQ’s net assets totalled CAD 452 billion. For more information, visit cdpq.com, consult our LinkedIn or Instagram pages, or follow us on X.

    CDPQ is a registered trademark owned by Caisse de dépôt et placement du Québec and licensed for use by its subsidiaries. 

    ABOUT INTACT FINANCIAL CORPORATION
    Intact Financial Corporation (TSX: IFC) is the largest provider of Property and Casualty (P&C) insurance in Canada, a leading Specialty lines insurer with international expertise and a leader in Commercial lines in the UK and Ireland. The business has grown organically and through acquisitions to almost $24 billion of total annual operating direct premiums written (DPW).
    In Canada, Intact distributes insurance under the Intact Insurance brand through agencies and a wide network of brokers, including its whollyowned subsidiary BrokerLink. Intact also distributes directly to consumers through the belairdirect brand and affinity partnerships. Additionally, Intact provides exclusive and tailored offerings to high-net-worth customers through Intact Prestige. In the US, Intact Insurance Specialty Solutions provides a range of Specialty insurance products and services through independent agencies, regional and national brokers, wholesalers and managing general agencies. Across the UK, Ireland, and Europe, Intact provides Personal, Commercial and/or Specialty insurance solutions through the RSA, 123.ie, NIG and FarmWeb brands.

    For more information
    MEDIA RELATIONS TEAM
    CDPQ
    + 1 514 847-5493
    medias@cdpq.com

    Caroline Audet
    Manager, Media Relations and Public Affairs, Intact Financial
    Intact Financial Corporation
    416 227-7905/514 985-7165
    media@intact.net

    The MIL Network –

    February 20, 2025
  • MIL-OSI Russia: On the Polytechnic’s birthday, the exhibition “Laboratory and Museum of Mineralogy and Geology” opened

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On February 19, the Polytechnic University turned 126 years old, and on the university’s birthday, the Polytechnicians received a wonderful gift: a new exhibition of the SPbPU History Museum, “The Laboratory and Museum of Mineralogy and Geology,” opened in the Chemical Building.

    In 1902, one of the first four departments of the Polytechnic Institute was metallurgy. And each department at that time had its own museum. The laboratory and museum of mineralogy were located on the first floor of the Chemical Pavilion. The total area of the premises was 639 m². The laboratory was equipped with modern devices and instruments, there was a special library, which contained reference books and publications on metallurgy and metallography.

    The museum showcases included a systematic collection of minerals arranged according to the Dana system; a collection of physical properties of minerals consisting of 200 samples; 400 samples of rocks; a collection of general features of rocks consisting of 150 samples; a collection of dynamic geology consisting of 200 samples; a collection of historical geology consisting of 750 samples; and 150 samples of ore-forming minerals.

    Today, on the initiative of the rector of SPbPU Andrey Rudskoy, the director of the Institute of Mechanical Engineering, Materials and Transport Anatoly Popovich and with the financial support of VTB Bank, the historical exhibition has been restored almost in full and supplemented with new exhibits.

    “In honor of the Polytechnic University’s birthday, we had to give a gift to all of us – and we did, we restored the Mineralogy Museum,” Andrey Rudskoy said at the grand opening ceremony. “Here we will see the beauty and harmony of the world created by God, the study of which helped us, students of the metallurgical faculty, to become professionals and achieve a lot in life.”

    “It is a great honor to be involved in such an event,” added Yuri Levchenko, Senior Vice President of VTB Bank and Polytechnic graduate. “I once took exams in this auditorium, so the restoration of the museum is my personal history, as is the history of the entire Chemical Building and the entire Polytechnic Institute.”

    After the ribbon-cutting ceremony, the director of the SPbPU History Museum, Valery Klimov, conducted the first tour of the new exhibition.

    “We restored historical display cases and minerals collected from all over the world – from Brazil, North America, Australia, New Zealand. And I put this quartz found in the Urals separately,” said Valery Yuryevich. “The museum also has modern technologies, for example, on this screen you can read more about the minerals and leaf through a very interesting reprint of the 1914 book “Metallurgical Department”, which describes in detail everything that happened in our beloved chemical house.”

    In addition to the reprint, the exhibition also features the original paper inventory book of the chemical house metallurgical laboratory, in which records were kept from 1902 to 1937; they are well preserved. The museum premises are also decorated with the original portrait of Dmitry Mendeleyev, painted by the artist Drozdov in 1914, and portraits of famous polytechnic metallurgists, founders of scientific and pedagogical schools in the field of metal science and metallurgy.

    The museum contains many interesting exhibits, including a world map made from minerals, a historic sink for washing test tubes, and a variety of laboratory equipment and instruments. For example, a glass research chamber; a direct current voltmeter and a Hartmann pointer galvanometer pyrometer N. S. Kurnakov, created in 1904 at the St. Petersburg Polytechnic Institute according to the design of the head of the Department of General Chemistry from 1902 to 1930 Nikolai Kurnakov. This is the only copy in the world.

    Another gift for the 126th anniversary of the Polytechnic University was the opening of an auditorium named after Academician I. V. Gorynin, a graduate of the Leningrad Polytechnic Institute, in the Chemical Building. The auditorium was opened by the rector of SPbPU, Academician of the Russian Academy of Sciences Andrey Rudskoy and the scientific director of the I. V. Gorynin Central Research Institute of Structural Materials “Prometheus” of the National Research Center “Kurchatov Institute”, Corresponding Member of the Russian Academy of Sciences Alexey Oryshchenko.

    “For me, Igor Vasilyevich Gorynin was a summit that was scary to approach, but he treated me, his student, like a father, and this obliged me to do a lot,” Andrei Ivanovich shared. “We remember, love and respect Igor Vasilyevich, he always was, is and will be a great polytechnician, a great metallurgist.”

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    February 20, 2025
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