Category: Economy

  • MIL-OSI United Nations: Secretary-General’s remarks to the Ministerial Meeting on the Future of Peacekeeping [bilingual, as delivered; scroll down for all-English and all-French]

    Source: United Nations

    Dear Ministers of Foreign Affairs and Defence Affairs of the Federal Republic of Germany, our generous hosts.

     
    Excellencies, ladies and gentlemen,
     
    My thanks to Germany for bringing us together at this consequential moment.
     
    This year marks the 80th anniversary of the United Nations.
     
    Our organization was founded on the conviction that peace is possible if we work as one united human family.
     
    That is what our peace operations are about. 
     
    From preventive diplomacy to peacekeeping…
     
    From negotiating ceasefires to helping to implement them…
     
    From electoral support and observer missions to de-mining operations and protection of civilians…
     
    To the focus of today’s Ministerial meeting — peacekeeping.
     
    Excellencies,
     
    UN Blue Helmets are the most globally recognized symbol of the world’s ability to come together to help countries move from conflict to peace.
     
    Peacekeepers hail from every corner of the world.
     
    But they are united in their commitment to peace.
     
    As we meet today, UN peacekeepers are hard at work helping to ensure that ceasefires are respected…
     
    Protecting civilians caught in the line of fire…
     
    Helping provide the conditions for lifesaving aid to flow to those in need…
     
    And laying the foundations for long-term recovery.
     
    In trouble spots around the world, Blue Helmets can mean the difference between life and death.
     
    And they are also a clear demonstration of the power of multilateral action to maintain, achieve and sustain peace.
     
    There is a long list of countries that have achieved durable peace with the support of UN Peacekeeping — including Cambodia, Cote d’Ivoire, El Salvador, Liberia, Namibia, Mozambique, Sierra Leone and Timor Leste.  
     
    Many of these countries now themselves contribute troops. 
     
    At the same time, we recognize that peace comes at a price.
     
    Through the decades, 4,400 peacekeepers have fallen in the line of duty.
     
    Their service and sacrifice will never be forgotten.  
     
    Please join me in a moment of silence to honour all those who lost their lives in the pursuit of peace.
     
    [MOMENT OF SILENCE]
     
    Thank you.
     
    Excellencies,
     
    We owe it to peacekeepers — and the populations they protect — to continue strengthening their ability to answer this call to peace.
     
    And to do so in the face of daunting challenges.
     
    Complex, intertwined and frequently borderless conflicts…
     
    Growing polarization and division around the globe…
     
    Targeting of peacekeepers through deadly misinformation spreading through social media…
     
    Terrorism and transnational crime, which find fertile ground in instability…
     
    The ongoing climate crisis that is exacerbating conflict while leaving more of the planet uninhabitable…
     
    All the continued trampling of international law and international humanitarian law.
     
    As a result, we are now facing the highest number of conflicts since the foundation of the United Nations, and record numbers of people fleeing across borders in search of safety and refuge.
     
    We must recognize that peacekeeping operations are only as effective as the mandates directing them, and can struggle in contexts where political support and clearly defined outcomes and solutions are absent or elusive.
     
    Meanwhile, we see increasing differences of views around how peacekeeping operations should work, under what circumstances, with what mandates they should be deployed, and for how long.
     
    And we face dramatic financial constraints across the board.
     
    We’ve worked to adapt in the face of these challenges.
     
    But we need to do more.
     
    Today, I want to highlight three areas of focus.
     
    First — help us shape peacekeeping operations that are fit for the future.     
     
    The Pact for the Future called for a Review of Peace Operations — including peacekeeping.
     
    The review will examine how we can make peacekeeping operations more adaptable, flexible and resilient — while recognizing the limitations in situations where there is little or no peace to keep.
     
    It will also aim to critically examine the tools we have today and propose concrete recommendations to make them fit for the future.  
     
    Through this review, we must ensure that the United Nations is prepared to deploy peace operations tailored to each individual conflict, while preparing for the challenges of tomorrow.
     
    We can draw inspiration from our UNIFIL operation, which recently developed an adaptation plan to keep peace along the Blue Line, and ensure lifesaving aid can flow to civilians in southern Lebanon.
     
    In the Central African Republic, we see MINUSCA protecting civilians and assisting the government to extend its reach beyond the capital where people are in desperate need. 
     
    In the Democratic Republic of the Congo, despite ongoing fighting, UN Peacekeepers remain in the field, protecting vulnerable populations. 
     
    We’re also seeking efficiencies through partnerships — from Member States to regional and sub-regional organizations, to local communities.
     
    Most important among them is our strong partnership with the African Union.
     
    Security Council resolution 2719 has lifted this partnership to a new level as we work to establish peace enforcement missions under the AU’s responsibility, supported by the United Nations through assessed contributions.
     
    Today, the Review of Peace Operations will need to be informed — and inspired — by your views.
     
    Member States make peacekeeping possible.
     
    They must lead the way as we strengthen it for the future.
     
    Second — as we make our operations more adaptable and flexible, we need to do the same in the use of our resources.

    Peace operations can only succeed when backed by robust mandates and clear, predictable and sustained contributions, both financial and logistical. 
     
    But these are tough times for the financing of our work across the board.
     
    Peacekeeping is no exception.
     
    It is crucial that we are able to use the increasingly limited resources we have — and use them well.
     
    That requires more flexible rules and processes.
     
    This means updating our approach to abolishing or establishing positions, and working with troop-contributing countries to ensure we can deliver.
     
    It means working with Member States and the UN Security Council to ensure that any new mandates are prioritized and achievable with the resources available and with a clear exit strategy.
     
    And it means driving efficiencies and improvements across our work in light of the continued funding challenges we face.
     
    Our Review of Peace Operations will work hand-in-hand with our UN80 initiative, to ensure we maximize efficiencies wherever possible, supported at every step by Member States.
     
    We look forward to your governments’ support and ideas as we tackle these challenges together.

    Third — we need your political support, including through the pledges you will make tomorrow.

    Peace operations cannot succeed in the absence of a political solution.

    Together we need to mobilize greater support for political solutions across our peacekeeping missions. 

    Pursuing these political solutions requires adequate means of delivering our operations — including unified political support from Member States, strong leadership, well-trained troops, equipment and technology.

    These can strengthen our operations, and make a real difference in people’s lives.

    And it requires the support of all Member States to ensure the safety and security of United Nations peacekeepers in the field, and the full implementation of the relevant privileges and immunities of the Organization and its personnel.

    We are deeply grateful for the support and for the concrete pledges so many of you will announce here tomorrow.

    Excellencies,

    With a budget shared by all 193 Member States and representing a tiny fraction of global military spending — around one half of one per cent — UN Peacekeeping remains one of the most effective and cost-effective tools to build international peace and security.

    But it’s only as strong as Member States’ commitment to it.

    Unfortunately, peacekeeping operations have been facing serious liquidity problems. 
      
    It is absolutely essential that all Member States respect their financial obligations, paying their contributions in full and on time. 

    Now more than ever, the world needs the United Nations.

    And the United Nations needs peacekeeping that is fully equipped for today’s realities and tomorrow’s challenges. 

    Together, let’s shape the UN peacekeeping operations that the challenges require, that Member States demand, and that our peacekeepers and the people they support need and deserve.
    Thank you.
     

    MIL OSI United Nations News

  • MIL-OSI: Nokia selected by CoreSite for routing-based network edge solution to support data-intensive, mission-critical applications

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Nokia selected by CoreSite for routing-based network edge solution to support data-intensive, mission-critical applications

    • CoreSite deploys Nokia IP routing portfolio across 30 data centers in 11 U.S. markets as enterprise customers ramp up data-intensive AI and mission-critical requirements.
    • Nokia solution’s massive scale, reliability and power/cooling efficiency are the foundation of low-latency service delivery and superior interconnectivity.

    13 May 2025
    Espoo, Finland – Nokia today announced that it has been selected by CoreSite, an American Tower company (NYSE: AMT) empowering critical business and AI workloads that impact everyday life through interconnected data center solutions, to deliver an IP routing-based edge and core network solution across 30 data centers in 11 U.S. markets. Delivering massive scale, performance and efficiency, the Nokia portfolio will accommodate the intensifying cloud connectivity and interconnection needs of resource-intensive artificial intelligence (AI) and high-performance computing workloads for CoreSite’s nearly 40,000 customer interconnections.

    As CoreSite enterprise, cloud provider and network carrier customers ramp up data-intensive services, the data center infrastructure must deliver high performance and scalable networking to ensure service availability adheres to stringent industry standards. At the same time, a data center space with advanced cooling and ultra high-density power is a must for supporting growth efficiency.

    “Our customers expect best-in-class performance and reliability at every level of the network. By deploying Nokia’s advanced IP routing portfolio across our data center campuses, we ensure that our network edge infrastructure stays ahead of market demands, providing customers with a seamless experience and faster access to mission-critical applications,” said Chris Malayter, Vice President Network and Interconnection at CoreSite.

    The Nokia 7250 Interconnect Router (IXR-s) will provide advanced routing capabilities, carrier-grade reliability and high-capacity throughput as enterprises leverage CoreSite’s colocation centers for data storage and processing, new product and service development and other business operations. The Nokia 7750 Service Router (SR) provides the massive scale, performance and reliability for IP interconnectivity within the data center campuses. In addition, Nokia FP5 silicon supports high throughput and reliability for uninterrupted data flows, and scales traffic with zero deterioration in performance.

    The seamless integration of the Nokia Service Router Operating System (SR OS) with CoreSite’s existing environment will accelerate roll-out times and dramatically reduce operation costs.  

    ”Collaborating with CoreSite has enabled us to drive the performance and scale of its multicloud connectivity and routing core. The integration of the Nokia 7250 IXR-s and 7750 Service Router allows CoreSite to adeptly manage increased traffic demands while ensuring low latency and reliable interconnection services that are essential to the modern digital economy,” said Vach Kompella, Senior Vice President and General Manager, IP Networks at Nokia.

    Resources and additional information
    Product page: Nokia 7250 Interconnect Routers
    Product page: Nokia 7750 Service Router
    Web Page: Noka Data Center Networks

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About CoreSite
    CoreSite, an American Tower company (NYSE: AMT), is a leading interconnection data center platform that empowers businesses to future-proof their digital transformation initiatives. For more than 20 years, CoreSite’s purpose-built, highly interconnected data center campuses and team of experts have delivered the cloud-enabled, resilient, and flexible digital ecosystems required for customers to quickly scale and interoperate their businesses to support the increasing demands of critical workloads, like AI and high-density applications. For more information, visit CoreSite.com and follow CoreSite on our Connect[ED] blog, LinkedIn and YouTube channels.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    CoreSite
    Megan Ruszkowski, Vice President of Marketing and Sales Development 
    Phone: 720-446-2014 
    Email: press@CoreSite.com

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    FORWARD-LOOKING STATEMENTS
    Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics and the general or regional macroeconomic conditions on our businesses, our supply chain and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including “continue”, “believe”, “commit”, “estimate”, “expect”, “aim”, “influence”, “will”, “target”, “likely”, “intend”, “may”, “could”, “would” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in the Risk Factors above.

    The MIL Network

  • MIL-OSI: Automation Anywhere Takes a Step Towards Artificial General Intelligence for Work with Industry’s First Process Reasoning Engine

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., May 13, 2025 (GLOBE NEWSWIRE) — At its annual customer and partner event, Imagine 2025, Automation Anywhere, the leader in Agentic Process Automation (APA), today announced a significant expansion of its APA system that dynamically plans work and orchestrates teams of AI agents, bots, automation and people.    

    The expanded APA system now includes the industry-first Process Reasoning Engine (PRE) – an intelligent AI engine that understands enterprise context and dynamically drives work to achieve outcomes combined with agentic orchestration that can orchestrate agents across vendors. This enhanced APA system also introduces two new AI agents: 1) Enterprise UI Agents, the industry’s first adaptive “computer use” AI agents, and 2) Reasoning AI agents that can be given a goal and then plan, execute work and learn. Together, these innovations represent a leap forward in agentic automation—enabling enterprises to automate even the most mission critical, dynamic business processes at scale.

    “This isn’t just incremental improvement; it’s a fundamental reimagining of how work gets done representing a significant step forward towards AGI for the enterprise,” stated Mihir Shukla, CEO and Co-founder of Automation Anywhere. “Our PRE is a pivotal advancement with specialized insight into processes across industries and departments – from banking and healthcare to manufacturing, finance, operations and customer service.   PRE will fundamentally change how entire departments and companies work, enabling them to go from idea-to-action with speed, and efficiency, further laying the foundation for the autonomous enterprise.”

    PRE: The Intelligence Behind Agentic Automation

    Our competitive edge, the PRE, is what allows Automation Anywhere to leap beyond both the automation capabilities of traditional automation and general-purpose LLMs. This engine fuels our AI Agents with capabilities like generative automation, self-healing automation, and advanced document processing, tailored to each organization’s systems and goals. It enables AI Agents to plan, act, learn and improve, achieving desired outcomes with orchestrated execution. The results are real: 3x higher efficiency building end-to-end automation and 60% greater automation resiliency, far beyond what standalone LLMs or traditional automation can achieve.

    Enterprise UI Agents: Automate Any Interface Like a Human

    A key innovation within the APA system is the introduction of UI Agents built for Enterprise needs – adaptive “computer use” AI Agents that interact with web-based enterprise application with human-like understanding. These agents understand context, adapt in real time, and execute complex, multi-step tasks across dynamic web interfaces—enabling automation at a level of flexibility and speed not possible with traditional approaches. They are really unlocking high value use cases like website tracking, real-time price monitoring, identity verification, and credentialing.

    “At Alight, we support 70% of the Fortune 100 in delivering benefits through our Alight Worklife® platform, and Open Enrollment is a major moment for our clients in helping them engage their people in their available benefits for the year ahead,” said Rahul Patet, Agentic AI-based Automation Leader at Alight. “Each year, clients make some changes to their benefit plans ahead of the Open Enrollment season. Testing these changes and ensuring everything is ready to go traditionally required months of effort and hundreds of team members. By implementing Automation Anywhere’s Adaptive Enterprise UI Agents, we now streamline the process through AI-powered testing that authenticates, navigates enrollment scenarios, and completes flows autonomously. This innovation significantly reduces testing timeframes while enhancing the consistency and quality of the experience for our platform users, ensuring our clients are all set for a successful annual enrollment season.”

    Agentic Orchestration: Automate Mission-Critical Work Across Agents, Systems, Bots and People

    The APA system’s powerful orchestration engine is specifically designed to orchestrate long-running, mission-critical processes, integrating not just AI Agents, but also RPA bots, APIs, documents, and human interactions. Whether it’s accounts payable, physician credentialing, or supplier onboarding, the APA system orchestrates dynamic actions across platforms, seamlessly and reliably.

    To make this orchestration truly scalable and intelligent, the APA system is built for open interoperability — connecting with today’s most advanced AI ecosystems and tools. By supporting emerging interoperability standards like GCP’s Agent-to-Agent (A2A) protocol and Anthropic’s Model Context Protocol (MCP), we ensure secure coordination across diverse agent ecosystems and future-proofing enterprise automation strategies. It empowers customers to design, execute, observe, and manage intricate workflows that connect both internal and external agents, including those built on leading platforms like AWS Bedrock, Google Agentspace, Microsoft CoPilot, and Salesforce Agentforce.

    By combining cognitive AI Agents with deterministic automation on a single enterprise-grade platform, the APA system empowers organizations to automate up to 80% of their operations and accelerate measurable business outcomes with greater speed and efficiency.

    Automation Anywhere Prioritizes Built-In AI Security and Governance

    The APA system is built with enterprise-grade security, governance, and trust at its core. With capabilities such as PII data masking, AI guardrails and real-time observability, it enables organizations to scale automation responsibly. Crucially, customer data is never used to train underlying automation models—a foundational principle of Automation Anywhere’s approach to privacy and enterprise-grade agentic AI.

    With security embedded by design, Automation Anywhere’s APA system is built to augment human capabilities, not replace them. Automation Anywhere’s focus on secure and governed AI environment fosters greater efficiency and creativity within teams, establishing AI as a dependable and trustworthy partner in the agentic automation journey.

    “What Automation Anywhere is doing with PRE and APA is a big moment for enterprise automation efficiency,” said Maureen Fleming, Program VP, Worldwide Intelligent Process Automation Market Research at IDC. “AAI has systematically collected data about task execution for several years, and is now able to combine that with intelligent, goal-driven reasoning to speed up the development of agentic capabilities used in business processes while operating in a much more deterministic fashion than with the broader LLMs.”

    About Automation Anywhere

    Automation Anywhere is the leader in Agentic Process Automation (APA) and is guided by its vision to fuel the future of work by unleashing human potential through automation. Learn more at www.automationanywhere.com

    Media Contact:
    Susan Torrey
    susan.torrey@automationanywhere.com
    650-492-1921

    The MIL Network

  • MIL-OSI: Pioneer Insurance Agency Inc. Accelerates CL Quoting Workflows with Epic Quotes Commercial Lines

    Source: GlobeNewswire (MIL-OSI)

    Chicago, IL., May 13, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced that Pioneer Insurance Agency, Inc. a subsidiary of Pioneer Bank, National Association (“Pioneer”), has selected Epic Quotes Commercial Lines to create a faster, more connected approach to quoting new CL business. Applied Epic’s native integration of commercial lines quoting provides the agency with appetite visibility capabilities to quickly identify markets and obtain multiple quotes that can be presented to clients in a timely fashion, creating a better customer experience that will assist with cross-selling efforts.

    “As a one-stop solution for our clients’ financial needs, we understand the importance of providing an innovative, seamless insurance experience, and the multi-day, email-based quoting process did not meet our client experience standards or allow for scalable growth,” said Todd Shepersky, vice president, insurance agency manager, Pioneer. “Epic Quotes Commercial Lines allows us to quote multiple markets simultaneously and present quotes to our clients quickly, delivering the near-instant service they’ve come to expect in today’s digital world and positioning our insurance business for rapid growth.”

    Epic Quotes Commercial Lines is a single-entry multi-carrier comparative rating natively within Applied Epic. Supporting standard commercial lines of business and providing access to more than 35 markets, the solution allows agency staff to seamlessly remarket or quote new business without ever leaving the management system. Epic Quotes for Commercial Lines uses a single data source for the quoting and application process and leverages insight-driven workflows to initiate remarketing, simplifying the bridge-to-portal bind experience and creating a connected commercial lines experience.

    “Agents traditionally spend several hours manually producing just one commercial lines quote, limiting the number of policies an agent can quote, and in turn, inhibiting commercial lines growth,” said Anupam Gupta, chief product officer, Applied Systems. “Epic Quotes Commercial Lines enables agents to collect data, compare in-appetite markets and initiate the bind process all natively embedded in one system, creating a faster commercial lines quoting experience that enhances the customer experience and propels growth.”

    # # #

    The Applied products and logos are trademarks of Applied Systems, Inc., registered in the U.S.

    About Applied Systems
    Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.

    About Pioneer
    Pioneer is a bank holding company whose wholly owned subsidiary is Pioneer Bank, National Association. Pioneer provides diversified financial services through Pioneer Bank, National Association and its subsidiaries, with 23 [SJ1] offices in the Capital Region of New York State, and offers a broad array of deposit, lending, and other financial services to individuals, businesses, and municipalities. Pioneer Bank, National Association is a national bank whose wholly owned subsidiaries are Pioneer Commercial Bank, Pioneer Insurance Agency, Inc. and Pioneer Financial Services, Inc. For more information on Pioneer, please visit www.pioneerny.com.

    The MIL Network

  • MIL-OSI: Revenera Monetization Platform Delivered 426% ROI, According to Total Economic Impact Study

    Source: GlobeNewswire (MIL-OSI)

    ITASCA, Ill., May 13, 2025 (GLOBE NEWSWIRE) — Revenera, producer of innovative platforms that help technology companies build better products, accelerate time-to-value, and monetize what matters, today announced the findings of The Total Economic Impact™ (TEI) of Revenera, a commissioned study conducted by Forrester Consulting. The study illustrates how Revenera’s customers benefited from new software monetization models, effective entitlement management, improved compliance, and accelerated time to market.

    The 2025 study aggregates the experiences of four multinational organizations in the cybersecurity, energy, engineering technology, and manufacturing fields, each with experience using Revenera. Forrester reviewed the interviewees’ experiences, combining the results to represent a single composite organization: a global enterprise with 5,000 employees, specializing in software and technology solutions and generating $2 billion in annual revenue. The study highlights a three-year 426% return on investment (ROI) and net present value (NPV) of $28.8 million for the composite organization.

    The Total Economic Impact™ of Revenera study by Forrester illustrates how companies can leverage Revenera to strategically grow their revenue and significantly improve operational efficiency. It directly impacts the most important business metrics for any technology company: ARR growth, customer satisfaction and compliance management,” said Nicole Segerer, general manager at Revenera.

    Key Results of the Study

    Benefits of Revenera, as revealed by the study’s evaluation of the composite organization, include:

    • Return on investment: 426% over three years. Variables contributing to this ROI include growth in incremental revenue from automated software licensing and entitlement management for new product releases, revenue from transitioning from perpetual- to subscription-based licensing, and improved compliance, such as the recapture of software revenue leakage.
    • Rapid payback period: The point in time at which net benefits (benefits minus costs) equal initial investment or cost is <6 months.
    • Accelerated time to market for new software licensing models: Revenera’s automated software and entitlement management accelerated time to market by streamlining processes that previously were performed manually. This resulted in a 90% reduction in time to enable licensing and entitlement by year 3 with Revenera.
    • Process improvements: Additional unquantified benefits of Revenera include streamlined global compliance, improved customer experience, increased sales opportunities due to improved visibility, and support from Revenera to ensure that licensing solutions remain aligned with the organization’s evolving needs.

    Customer Perspectives
    Anonymized customers interviewed by Forrester highlighted the value of deploying Revenera:

    • “The value here is clear: we’re able to do in a month what used to take over a year. Now, when we onboard a new product, it’s just a small portion of our standard work process, rather than a major challenge that we need to figure out. Previously, this was considered a high-risk area of our development process, but now, it’s a well-established part of each project. It means we can launch new products faster.” —product manager, manufacturing
    • “Our decision to move to Revenera was driven by the need to improve our financials for one of our [core offerings]. We realized we were significantly underselling its value, and with a major revenue shift ahead, we needed full visibility into our customer base. We needed to know who our customers were, what they had, and how they were using it.” —director of digital operations, energy
    • “Why did we choose Revenera over the others? Well, we already had an existing relationship, and frankly, Revenera showed a greater interest in what we were trying to achieve from a future-looking perspective. The relationship, combined with their willingness to explore long-term opportunities, made them the stronger partner.”—director, research & development, engineering technology
    • “Historically, we did not pursue customers who were slightly over-provisioned unless it was a gross overuse case. We often waited until renewal cycles to address discrepancies. However, Revenera gives us the capability to track software usage with more precision, particularly for term licenses, and decide when and how to take action. The data it provides allows us to evaluate and take action with more confidence should we need to enforce over-provisioning penalties.”—vice president, product, cybersecurity

    Download The Total Economic Impact™ of Revenera study at info.revenera.com/SWM-RPT-Forrester-Total-Economic-Impact.

    Follow Revenera

    About Revenera
    Revenera helps product executives build better products, accelerate time to value, and monetize what matters. Revenera’s leading solutions help software and technology companies drive top-line revenue with modern software monetization, understand usage and compliance with software usage analytics, empower the use of open source with software composition analysis, and deliver an excellent user experience—for embedded, on-premises, cloud, and SaaS products. To learn more, visit www.revenera.com.

    The MIL Network

  • MIL-OSI: Appointment of new Non-Executive Director

    Source: GlobeNewswire (MIL-OSI)

    13 May 2025

    Appointment of new Non-Executive Director

    Admiral Group plc (“Admiral”) is pleased to announce the appointment of Paola Bonomo as an Independent Non-Executive Director with effect from 12 May 2025.

    Paola brings with her a wealth of international leadership experience in strategy, digital technology, and transformation. She spent 14 years in strategy consulting with McKinsey, specialising in technology and telecommunications. Paola spent 10 years in operational leadership roles in digital, including senior positions at eBay, Vodafone, and, latterly, Facebook where Paola was the Global Marketing Solutions Regional Director for Southern Europe.

    Paola was a Non-Executive Director of AXA Assicurazioni S.p.A., the Italian operating entity of the AXA Group, from 2014 until April 2025 and had been a member of its Audit, Internal Control and Risk, and Remuneration Committees.

    Paola is currently a Non-Executive Director of FAAC S.p.A., an international group providing access automation, parking and access control solutions. Further, Paola is a Non-Executive Director of Infrastrutture Wireless Italiane S.p.A. (INWIT), the leading Italian telecommunications tower operator. Further, Paola serves as Vice Chair of Italian Angels for Growth, where she is an angel investor and advisor to digital startups.

    Paola has extensive board experience in both public and private companies, holding recent Non-Executive Director roles in a number of digital, telecoms, and retail companies. Paola has recently been a Non-Executive Director of Telecom Italia, listed on the Italian Stock Exchange, where she chaired the Nomination and Remuneration Committee, stepping down in 2024. She was a Non-Executive Director and member of the Audit Committee at Crystal Peak Acquisition, a special purpose acquisition company listed on Euronext Amsterdam, leaving this position in 2023. Paola was also a Non-Executive Director and Chair of the Remuneration and Nomination Committees at Piquadro S.p.A., a fashion group operating a portfolio with brands Piquadro, The Bridge and Lancel, listed on the Italian Stock Exchange, leaving in 2022.

    Paola holds an MBA from the Stanford Graduate School of Business and a degree in business administration from Università Commerciale Luigi Bocconi, Italy.

    Mike Rogers, Chair of the Admiral Board, said:
    “I am pleased to appoint Paola to the Board. She has significant knowledge of the international financial services sector and extensive experience in digital transformation, gained whilst working for several well-known consumer-facing brands. Paola has achieved a lot of success in her executive and non-executive roles, and I believe that her insights will prove valuable as the Group continues to deliver against its strategy.”

    Paola Bonomo, incoming Non-Executive Director, said: 
    “I am honoured to be joining Admiral’s Board. Admiral has established itself as a leading personal lines insurer in the UK by focusing on data to better understand and anticipate customers’ needs. I am looking forward to working with the rest of the Board and the management team to support the Group’s ambition to deliver long-term sustainable growth in its businesses in the UK and Mainland Europe.”

    Milena Mondini de Focatiis, CEO of Admiral Group, said
    “On behalf of all my colleagues I would like to welcome Paola to Admiral. The Group continues to evolve, and I look forward to working with Paola and the rest of the Board to ensure that we continue to meet the needs of our growing customer base.”

    Effective on 12 May 2025, Paola will be appointed to the Admiral Group Remuneration Committee. From 12 May 2025 the members of the Remuneration Committee will be Karen Green (Chair), Justine Roberts, Mike Brierley and Paola Bonomo.

    This announcement is made pursuant to Listing Rule 6.4.6R. In accordance with LR 6.4.8R, the Company confirms that there is no further information to be disclosed in terms of LR 6.4.8R (1) to LR 6.4.8R (6) inclusive in respect to Paola Bonomo.

    Notes to Editors

    About Admiral Group
    Admiral Group plc is a leading FTSE 100 financial services company offering motor, household, travel and pet insurance as well as personal lending products. Established in 1993 in the UK, the Group now has offices in Canada, France, Gibraltar, India, Italy, Spain, and the US.

    For further information please contact:

    Media:        
    Addy Frederick                                Addy.Frederick@admiralgroup.co.uk         

    Investors/ Analysts:        
    Diane Michelberger                         InvestorRelationsTeam@admiralgroup.co.uk

    The MIL Network

  • MIL-OSI: Baby Supplies Donated by Topline Financial Credit Union Members and Employees

    Source: GlobeNewswire (MIL-OSI)

    MAPLE GROVE, Minn., May 13, 2025 (GLOBE NEWSWIRE) — TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, held their fourth annual diaper and wipe drive during the month of April benefitting three local non-profits, Avenues for Youth, Hope 4 Youth and YMCA of the North Youth and Family Services. TopLine members and employees generously donated diapers, wipes, and other baby care items to help bring comfort to families in need in our local communities.

    Employees were able to participate by donating baby care items and money in exchange for a “Foundation Friday/Saturday” sticker, allowing them to wear jeans to work. TopLine and community members could also purchase items from the credit union’s Amazon Wishlist or Target Registry and have them delivered directly to TopLine, and in return delivered to the charitable partners. When the program ended TopLine employees and members had donated over 1,154 diapers, 63 packs of wipes and $1,160 in cash to assist local individuals and families.

    “We are dedicated to collaborating with our community non-profit partners to address their current needs,” stated Mick Olson, President and CEO of TopLine. “Our people-first philosophy is exemplified by the generosity of our donors, and we sincerely appreciate their compassion in supporting others through challenging times.”

    Avenues for Youth provides emergency shelter, short-term housing and supportive services for homeless youth in a safe and nurturing environment. There are over 6,000 homeless youth in Minnesota each night. Avenues shelters in Brooklyn Park and Minneapolis help over 300 youth. Visit www.avenuesforyouth.org to learn more.

    Hope 4 Youth is a nonprofit organization in Anoka County that helps young people, ages 16-24, who are experiencing homelessness in the northern Twin Cities metro area. To learn more, visit www.hope4youthmn.org.

    The YMCA of the North Youth and Family Services is a leading nonprofit dedicated to strengthening communities through youth development, healthy living and social responsibility. To learn more about the Y’s mission and work, visit ymcanorth.org/youthandfamilyservices.   

    TopLine Financial Credit Union, a Twin Cities-based credit union, is Minnesota’s 9th largest credit union, with assets of over $1.1 billion and serves over 70,000 members. Established in 1935, the not-for-profit financial cooperative offers a complete line of financial services from its ten branch locations — in Bloomington, Brooklyn Park, Champlin, Circle Pines, Coon Rapids, Forest Lake, Maple Grove, Plymouth, St. Francis and in St. Paul’s Como Park — as well as by phone and online at www.TopLinecu.com or www.ahcu.coop. Membership is available to anyone who lives, works, worships, attends school or volunteers in Anoka, Benton, Carver, Chisago, Dakota, Hennepin, Isanti, Kanabec, Mille Lacs, Pine, Ramsey, Scott, Sherburne, Washington and Wright counties in Minnesota and their immediate family members, as well as employees and retirees of Anoka Hennepin School District #11, Anoka Technical College, Federal Premium Ammunition, Hoffman Enclosures, Inc., GRACO, Inc., and their subsidiaries. Visit us on our Facebook or Instagram. To learn more about the credit union’s foundation, visit www.TopLinecu.com/Foundation.

    CONTACT:
    Vicki Roscoe Erickson
    Senior Vice President and Chief Marketing Officer
    TopLine Financial Credit Union
    verickson@toplinecu.com | 763.391.0872

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dac3fb31-6583-484a-91c4-f23fca2a0220

    The MIL Network

  • MIL-OSI: Champion Safe’s 2025 Trophy Series Attracts Strong Dealer Interest with Key Upgrades

    Source: GlobeNewswire (MIL-OSI)

    Provo, UT, May 13, 2025 (GLOBE NEWSWIRE) — Since its 2025 launch, the newly enhanced Trophy Series from Champion Safe Company, a leading manufacturer of premium safes and wholly-owned subsidiary of American Rebel Holdings, Inc. (NASDAQ: AREB), America’s Patriotic Brand (americanrebel.com) has been generating significant interest among dealers looking for a high-security, high-value safe that outperforms comparable offerings. With key design and security upgrades for 2025, the Trophy Series is proving to be an even stronger competitor in the marketplace.

    The Trophy Series has long been a trusted choice for customers who demand both strength and style, and the latest improvements further enhance its durability, usability, and visual appeal. This year’s updates include:

    NEW Chrome-Plated Pull Handle – A modern design upgrade that enhances both appearance and user comfort.

    NEW Radial Gear Drive Mechanism – Ensures smoother, more reliable operation.

    NEW Black and Gray Plush Interior – Adds a refined touch while maintaining maximum storage capacity.

    NEW ½” Radius Edges – A sleeker look that distinguishes Trophy from competing safes.

    Beyond its design enhancements, the Trophy Series remains one of the most rugged safes in its class. With a 4½-inch-thick double-plate door, a 10-gauge steel outer shell, and Champion’s exclusive Diamond-Embedded Armor Plate™, it offers a level of security that many competitor models can’t match. The 1200°F fire rating for two hours ensures industry-leading fire protection for firearms, valuables, and important documents.

    “We’re seeing strong interest from dealers who recognize that the Trophy Series offers a clear advantage over other safes in its class,” said Tom Mihalek, CEO of Champion Safe Company. “The combination of premium security features, improved usability, and a refined design makes it an even easier choice for both dealers and customers.”

    Available in multiple sizes and finishes, including high-gloss Black, Ivory, and Platinum, the 2025 Trophy Series is positioned as a top-tier safe at a competitive price.

    For more information about the Trophy Series and to find a dealer, visit ChampionSafe.com.

    #ChampionSafe #TrophySeries #BuiltToProtect #SecureYourLegacy

    About Champion Safe Company
    championsafe.com

    Champion Safe Company has been at the forefront of safe manufacturing for over 25 years, offering a range of high-quality safes designed for ultimate security and fire protection. With a commitment to craftsmanship and innovation, Champion Safes are trusted by homeowners, gun owners, and businesses across the nation.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebel.com and americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of the 2025 product innovations, actual revenues for fiscal 2025, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contacts
    ir@americanrebel.com

    The MIL Network

  • MIL-OSI: VEEA® Announces Acquisition of AI-Enabled Smart Spaces Provider Crowdkeep

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) — Veea Inc. (NASDAQ: VEEA), a pioneer in edge computing and AI-driven solutions, announced today that it has acquired substantially all of the technology of Crowdkeep, Inc., a Delaware corporation (“Crowdkeep”) for shares of Veea’s common stock and other consideration.

    Crowdkeep develops and sells a comprehensive enterprise Internet of Things (IoT) platform that disrupts the traditional ways that organizations operate with a technology platform that collects real-time data to help improve the speed and accuracy of critical workplace operations, including schools, hospitals, hotels, manufacturing centers, office towers, construction sites, and virtually any building or campus that need to make fast and informed data-driven decisions about people, assets, and environments.

    Crowdkeep’s software platform will be integrated with Veea’s Edge Platform and utilize VeeaHub products, cameras and sensors with edge AI facilitating the tracking of valuable on-site assets, monitoring of equipment condition, eliminate manual processes associated with managing the workplace environment, while accounting for workers’ time, location, attendance and safety. With converged computing, communications, including 5G, AI inferencing and federated learning, distributed NVMe storage, real-time anomaly detection with ML toolchain, and scalable analytics with a serverless data warehouse platform, the combined solution provides for real-time management of the entire network with data privacy and enterprise-grade cybersecurity for both data-at-rest and data-in motion, as well as massive scalability for construction sites, hospitals, schools, smart buildings, hospitality, industrial warehouses and shipping yards, and many more market segments.

    This strategic acquisition will strengthen Veea’s market position as a leader in hybrid edge-cloud computing and communications solutions by enhancing its ability to deliver a more comprehensive end-to-end solution with AI-driven cybersecurity and cloud-based data and analytics platform allowing users to store, manage, report and analyze large volumes of data with time-to-insights and event notification for Smart Spaces and a wide range of digital transformations at the edge, ultimately benefitting Veea’s current customers and expanding Veea’s global market presence.

    Following the acquisition, Helder Antunes, the current CEO of Crowdkeep and a member of Veea’s board, will be joining Veea’s management team as an Executive Vice President and Chief Revenue Officer. Prior to Crowdkeep, Mr. Antunes was an executive of Cisco Systems for over twenty years, founder and first Chairman of the OpenFog Consortium. Mr. Antunes will drive the sales and marketing activities at Veea while overseeing a portfolio of strategic accounts with a focus on ensuring accurate and timely revenue recognition, aligning financial reporting with contractual obligations in close collaboration with the finance team.

    “This is an important transaction for both Veea and Crowdkeep, marking the beginning of an exciting new chapter. This transformative acquisition underscores Veea’s mission to provide innovative solutions that unlock the full potential of edge computing and AI, bridging the gap to a more connected, secure, and intelligent world,” said Allen Salmasi, Chief Executive Officer. “Together, we are combining our strengths to accelerate product innovation, expand our capabilities and addressable markets, while delivering unique capabilities that we believe no other platform currently offers.”

    “The need for massive data collection at the edge to safely, efficiently, and proactively manage today’s workplace is rapidly increasing,” said Helder Antunes, Chief Executive Officer of Crowdkeep. “The combined capabilities of Crowdkeep and Veea will provide users with real-time insights and actionable data at the edge that will enhance situational awareness, allow for quick decision-making, and enhance safety with AI-powered predictive intelligence.”

    About Veea

    Veea® has unified multi-tenant computing, multiaccess multiprotocol communications, edge storage and cybersecurity solutions through fully integrated cloud- and edge-managed products. Veea’s pioneering Multiaccess Edge Computing (MEC) product, developed from the ground up in several compact form factors, brings together the functionality typically provided for through any combination of servers, Network Attached Storage (NAS) devices, routers, firewalls, Wi-Fi Access Points (APs), IoT gateways, 4G or 5G wireless access, and cloud management by means of multiple hardware, software and systems integrated and maintained by IT/OT professionals. Veea Edge Platform offers application responsiveness, bolsters cybersecurity, data privacy and context awareness, and lowers data transport costs as well as total cost of ownership, while providing for easy installation, operations, monitoring and maintenance of edge networks.

    With Software Defined Networking (SDN), Network Function Virtualization (NFV), and network slicing over LAN, VeeaWare full-stack platform software uniquely provides for cellular-like subscription-based network-managed Wi-Fi and IoT devices over a connectivity and computing mesh network. It also enables application environment for a range of third-party ARM-based, x86-based and CUDA-based products that may incorporate GPUs, TPUs, DPUs, and/or NPUs that are all edge-managed through VeeaCloud.

    Veea was formed in 2014 and is headquartered in New York City with a rich history of major innovations in the development of advanced networking, wireless and computing technologies, along with over 122 granted and 25 pending patents in key aspects of hyperconverged edge computing technologies. For more information, visit veea.com and follow us on LinkedIn.

    About Crowdkeep

    Crowdkeep is an Internet of Things (IoT) platform that empowers users with real-time people and asset positioning to make fast, informed decisions about people, assets, and conditions throughout the workplace. Created out of a desire to introduce a comprehensive IoT platform that enables a safer and more efficient workplace, Crowdkeep looks to the future with agility and confidence to pioneer technologies that have staying power in the constantly evolving digital world.

    Crowdkeep is proud to lead a wave of digital transformation technologies that are changing the way businesses and organizations operate and make decisions. Crowdkeep takes aim at the ineffective and obsolete ways of doing things and offers customers cost effective solutions that are less complex, easy to deploy, and lead to insights and intelligent analysis that help the workplace become more productive and run safer. For more information visit crowdkeep.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: the Company’s business strategies, and the risk and uncertainties described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note on Forward-Looking Statements” and the additional risk described in Veea’s Form 10-K for the year ended December 31, 2024 and any subsequent filings which Veea makes with the U.S. Securities and Exchange Commission. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in the press release relate only to events or information as of the date on which the statements are made in the press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.

    The Equity Group

    Devin Sullivan
    Managing Director
    dsullivan@equityny.com

    Conor Rodriguez
    Associate
    crodriguez@equityny.com

    The MIL Network

  • MIL-OSI: Global AI In Cybersecurity Market Expected to Reach $219 Billion By 2034 as Frequency of Cyber Threats Increase

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 13, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Artificial Intelligence (AI) in cybersecurity refers to the use of artificial intelligence technologies to improve the detection, prevention, and response to cyber threats. The AI in cybersecurity market revenue is witnessing rapid growth as organizations increasingly adopt AI-code tools to strengthen their defense mechanisms against evolving cyberattacks. A report from POLARIS MARKET RESEARCH said that: “The global AI in cybersecurity market was valued at USD 25.40 billion in 2024. It is expected to grow from USD 31.38 billion in 2025 to USD 219.53 billion by 2034, at a CAGR of 24.1% during the forecast period.” It continued: “One of the key drivers of this market is the rising complexity and frequency of cyber threats, which traditional methods struggle to address. A 2024 report by the International Telecommunication Sector revealed that 8 billion records were breached in 2023, with over 2,800 incidents reported. The average cost of a data breach has increased by 15% in the past three years, totaling approximately USD 3.3 million for small businesses in North America, further boosting the AI in cybersecurity market expansion. Additionally, AI-powered solutions analyze vast volumes of data in real time, identifying irregularities and patterns indicative of potential breaches, thus providing proactive protection. The IoT and the expansion of connected devices generate vast amounts of data and often lack robust security measures, making them vulnerable to exploitation and creating a larger attack surface for cyber threats. A November 2024 CSIS report revealed that the UK’s National Cyber Security Center (NCSC) identified a three-fold increase in cyberattacks compared to 2023. The NCSC supported 430 incidents, with 89 deemed nationally significant, and recognized China, Russia, Iran, and North Korea as key threats. Additionally, AI-powered cybersecurity solutions are crucial in this context as they enable real-time monitoring and threat detection across multiple endpoints.” Active companies in cybersecurity news today include Cycurion Inc. (NASDAQ: CYCU), Alphabet Inc. (NASDAQ: GOOG), Zscaler, Inc. (NASDAQ: ZS), F5, Inc. (NASDAQ: FFIV), CyberArk (NASDAQ: CYBR).

    POLARIS MARKET continued: “These solutions can identify and mitigate potential risks, ensuring the integrity and security of interconnected systems by leveraging machine learning algorithms. The growing reliance on IoT devices is driving the AI in cybersecurity market demand to safeguard critical infrastructures and sensitive data. Data breaches and unauthorized access lead to substantial financial and reputational damage, making robust cybersecurity measures essential. Thereby encouraging companies to invest in AI tools for cybersecurity. For instance, in August 2024, IBM launched a generative AI cybersecurity assistant to improve threat detection and response, enabling consultants to advance alert investigations. Additionally, AI enhances data protection by using advanced analytics and predictive capabilities to detect vulnerabilities and prevent unauthorized access, with the increasing volume of sensitive information being exchanged and stored digitally. Its ability to adapt to emerging threats and provide automated responses ensures comprehensive security for sensitive information, addressing the critical need for data protection.”

    Cycurion Inc. (NASDAQ:CYCU) Secures $33 Million Contract Renewal to Enhance Cybersecurity for State- Level Public Higher Education Institutions –  Cycurion (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity solutions and AI, announces that it has been awarded a significant contract renewal by a major state-level public higher education group. Under this renewed agreement, Cycurion will deliver comprehensive cybersecurity services to member universities and colleges within the group, ensuring they are equipped to defend their education-focused operations and digital assets against the ever-evolving landscape of cyber threats. The renewal, valued at $33 million over the five-year term, extends Cycurion’s partnership through November 2030.

    Comprehensive Cybersecurity Services As part of this renewed contract, Cycurion will provide an extensive suite of cybersecurity and governance, risk, and compliance (GRC) 24x7x365 managed support services, which include:

    •        Enterprise Security Strategy: Developing a holistic approach to security that aligns with institutional goals and protects valuable digital assets

    •        Risk & Vulnerability Assessment & Testing: Continuous evaluation and testing of security measures to identify vulnerabilities and enhance defenses

    •        Disaster Recovery: Strategies and solutions to restore systems and data after disruptive events

    •        Business Continuity Planning: Ensuring ongoing operations during and after a security incident

    •        Forensics and Recovery Services: Comprehensive support for incident investigation and data recovery

    •        Regulatory Compliance Analysis: Assisting institutions in meeting federal and state compliance requirements

    “We are honored to continue serving this key state-level public higher education group customer,” said L. Kevin Kelly, CEO of Cycurion. “The contract underscores the capabilities and value proposition of Cycurion’s suite of managed information technology support services and our commitment to minimizing cybersecurity risk for our education vertical clients.”

    Opportunity for Broader Access In addition to the member institutions of this State- Level Public Higher Education Group, any university or governmental entity across the United States can leverage this contract vehicle to access our cybersecurity services. The contract provides a streamlined pathway for educational and governmental organizations to enhance their cybersecurity posture without the need for an extensive procurement process.   CONTINUED…   Read this entire press release and more news for CYCU at: https://www.financialnewsmedia.com/news-cycu/

    In other developments in the markets of note:

    Alphabet Inc. (NASDAQ: GOOG) – Google LLC recently announced it has signed a definitive agreement to acquire Wiz, Inc., a leading cloud security platform headquartered in New York, for $32 billion, subject to closing adjustments, in an all-cash transaction. Once closed, Wiz will join Google Cloud.

    This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds (multicloud).

    Both cybersecurity and cloud computing are rapidly growing industries with a vast range of solutions. The increased role of AI, and adoption of cloud services, have dramatically changed the security landscape for customers, making cybersecurity increasingly important in defending against emergent risks and protecting national security.

    Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, recently published its Zscaler ThreatLabz 2025 Phishing Report, analyzing over two billion blocked phishing attempts between January and December 2024 captured by the Zscaler Zero Trust Exchange™, the world’s largest cloud security platform. The annual report exposes how cybercriminals are using Generative AI to launch surgical, targeted attacks against high-impact business functions – and why a Zero Trust + AI defense strategy is mission critical. The report uncovers a shift from high-volume email blasts to targeted, AI-fueled attacks designed to evade defenses and exploit human behavior. It also offers actionable insight to help organizations defend against this evolving threat landscape.

    “The phishing game has changed. Attackers are using GenAI to create near-flawless lures and even outsmart AI-based defenses,” said Deepen Desai, CSO and Head of Security Research, Zscaler. “Cybercriminals are weaponizing AI to evade detection and manipulate victims, which means organizations must leverage equally advanced AI-powered defenses to outpace these emerging threats. Our research reinforces the importance of adopting a proactive, multi-layered approach—combining robust zero trust architecture with advanced AI-driven phishing prevention—to effectively combat the rapidly evolving threat landscape.”

    F5 (NASDAQ: FFIV) recently unveiled broad cybersecurity enhancements to the F5 Application Delivery and Security Platform (ADSP) that significantly improve organizations’ ability to identify and remediate vulnerabilities and threats to AI and other modern applications. These new enhancements enable enterprises to strengthen security for business-critical applications in an increasingly risky threat landscape. The F5 ADSP is the industry’s only platform that fully converges high-performance load balancing and traffic management with advanced app and API security capabilities.

    The F5 ADSP is the most complete application security offering for enterprises looking to address the increasingly complex cybersecurity challenges inherent in today’s AI-driven hybrid multicloud world. Similar to Endpoint Protection Platforms (EPP) built to secure endpoints and Secure Access Service Edge (SASE) platforms built to secure network access, F5’s ADSP is built to consolidate disparate tools for securing apps and APIs into a single comprehensive platform, enabling organizations to simplify their security footprint while offering broader protection against enhanced threats.

    CyberArk (NASDAQ: CYBR), the global leader in identity security, recently announced its 2024 Partner of the Year Award winners. The awards honor top-performing CyberArk partners who have consistently delivered exceptional customer value, spearheading new identity security transformation and adoption to help customers defend against the rapidly expanding attack surface.

    CyberArk partners play a critical role in helping organizations strengthen their identity security programs. By driving value and modernizing customers’ identity security strategies, they position organizations to keep pace with evolving threats—all powered by a unified platform built to secure every identity, across humans, AI and machines. The CyberArk Partner Network is one of the industry’s largest global networks of security-focused partners, with more than 1,800 global systems integrators (GSIs), managed service providers (MSPs), solution providers, strategic outsourcers, advisories and distributors, as well as global and regional marketplaces.

    About FN Media Group:

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

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

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

    Contact Information:

    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757 

    SOURCE: FN Media Group

    The MIL Network

  • MIL-OSI: New Survey Reveals Americans are Turning to Side Hustles and Extra Jobs to Pay Off Debt

    Source: GlobeNewswire (MIL-OSI)

    COSTA MESA, Calif., May 13, 2025 (GLOBE NEWSWIRE) — While some Americans are struggling with unmanageable debt, they are finding many ways to cope, including limiting their use of credit cards and sticking to a rigid budget. A survey from Experian found that U.S. adults describe unmanageable debt as constant stress and a choice between paying off debt and covering basic necessities.

    The good news is that many U.S. adults report conquering debt they once thought was unmanageable, including credit card and medical debt, as well as personal and student loans. Approximately 36% of U.S. adults who have overcome such debt took on an additional job or side hustle, about 26% utilized the snowball method (prioritizing smaller debts first) and 23% relied on budgeting apps to monitor cash flow. The survey also found that U.S. adults currently facing unmanageable debt are considering using these same methods.

    A Media Snippet accompanying this announcement is available in this link.

    “Unmanageable debt can negatively impact many facets of a consumer’s life. While credit is a useful tool for achieving certain financial goals, it must be used wisely,” said Rod Griffin, senior director of Consumer Education and Advocacy at Experian.

    To help Americans with their financial health, Experian announced a $5 million debt relief initiative among 5,000 families in Louisiana, partnering with Louisiana State University basketball player Flau’jae Johnson. The company also offers a free membership with financial tools for managing debt and money.

    For those Americans making a game plan for future success, more than 2 in 3 (70%) are avoiding taking on additional or unmanageable debt by steering clear of buy-now-pay-later payment options or limiting their use of credit cards. Meanwhile, 60 percent of respondents say they have a support system that could help them if they face a challenging debt payoff journey.

    The MIL Network

  • MIL-OSI: Growing Prevalence of Cyber Threats Causing Tech Companies to Invest Heavily in AI-Powered Cybersecurity Solutions

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 13, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The Artificial Intelligence (Al) in cybersecurity market is rapidly expanding as organizations increasingly adopt Al-driven solutions to improve threat detection, prevention, and response to evolving cyber risks. The network security segment dominated the Al in cybersecurity market expansion in 2024 due to the critical need to safeguard organizational networks from evolving cyber threats. A report from an industry insider said that: “The global AI in cybersecurity market assessment, based on type, includes network security, endpoint security, application security, and cloud security. The network security segment dominated the AI in cybersecurity market expansion in 2024 due to the critical need to safeguard organizational networks from evolving cyber threats. Securing networks against malware, phishing, and ransomware attacks has become a top priority as enterprises increasingly adopt digital transformation initiatives and cloud-based infrastructures. AI-powered network security solutions excel in real-time traffic analysis, abnormality detection, and proactive threat mitigation, ensuring robust protection of sensitive data and operational continuity. This essential role in securing core systems and communications highlights the network security segment’s dominance. The global AI in cybersecurity market evaluation, based on application, includes identity & access management, risk & compliance management, data loss prevention, unified threat management, fraud detection/ anti-fraud, threat intelligence, others. The data loss prevention segment is expected to witness the fastest AI in cybersecurity market growth during the forecast period due to the rising emphasis on safeguarding sensitive and confidential information.”   Active companies in cybersecurity news today include Cycurion Inc. (NASDAQ: CYCU), Cloudflare, Inc. (NYSE: NET), Palo Alto Networks® (NASDAQ: PANW), Broadcom Inc. (NASDAQ: AVGO), CrowdStrike (NASDAQ: CRWD).

    The report continued: “Organizations face heightened risks of accidental leaks or intentional data breaches with increasing volumes of data being generated and exchanged. AI-driven DLP solutions offer advanced capabilities to monitor, identify, and prevent unauthorized data transfers or exposure, ensuring compliance with strict data protection regulations such as Digital Personal Data Protection Act (DPDPA), California Consumer Privacy Act (CCPA), and others. This growing need for robust data security across industries positions the DLP segment for accelerated adoption during the forecast period.   North America dominated the AI in cybersecurity market revenue in 2024 due to the region’s advanced technological infrastructure and high adoption of innovative security solutions. The presence of major cybersecurity companies such as IBM and AWS and early adopters of AI-driven technologies across industries such as finance, healthcare, and government especially contributed to market dominance.”

    Cycurion Inc. (NASDAQ:CYCU) Secures $33 Million Contract Renewal to Enhance Cybersecurity for State- Level Public Higher Education Institutions – Cycurion (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity solutions and AI, announces that it has been awarded a significant contract renewal by a major state-level public higher education group. Under this renewed agreement, Cycurion will deliver comprehensive cybersecurity services to member universities and colleges within the group, ensuring they are equipped to defend their education-focused operations and digital assets against the ever-evolving landscape of cyber threats. The renewal, valued at $33 million over the five-year term, extends Cycurion’s partnership through November 2030.

    Comprehensive Cybersecurity Services As part of this renewed contract, Cycurion will provide an extensive suite of cybersecurity and governance, risk, and compliance (GRC) 24x7x365 managed support services, which include:

    •        Enterprise Security Strategy: Developing a holistic approach to security that aligns with institutional goals and protects valuable digital assets

    •        Risk & Vulnerability Assessment & Testing: Continuous evaluation and testing of security measures to identify vulnerabilities and enhance defenses

    •        Disaster Recovery: Strategies and solutions to restore systems and data after disruptive events

    •        Business Continuity Planning: Ensuring ongoing operations during and after a security incident

    •        Forensics and Recovery Services: Comprehensive support for incident investigation and data recovery

    •        Regulatory Compliance Analysis: Assisting institutions in meeting federal and state compliance requirements

    “We are honored to continue serving this key state-level public higher education group customer,” said L. Kevin Kelly, CEO of Cycurion. “The contract underscores the capabilities and value proposition of Cycurion’s suite of managed information technology support services and our commitment to minimizing cybersecurity risk for our education vertical clients.”

    Opportunity for Broader Access In addition to the member institutions of this State- Level Public Higher Education Group, any university or governmental entity across the United States can leverage this contract vehicle to access our cybersecurity services. The contract provides a streamlined pathway for educational and governmental organizations to enhance their cybersecurity posture without the need for an extensive procurement process.   CONTINUED…   Read this entire press release and more news for CYCU at: https://www.financialnewsmedia.com/news-cycu/

    In other developments in the markets of note:

    Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, recently announced a wave of global technology companies, including Asana, Atlassian, Block, PayPal, Sentry, Stripe, and more, are working with Cloudflare to create powerful AI experiences through Anthropic’s AI assistant, Claude. These software companies are enabling Claude and other AI assistants to securely interact with their services on behalf of users, through connections built on Cloudflare Workers. Now users can complete tasks and interact with their favorite business tools through natural conversations with Claude, rather than working directly in the application.

    AI is already transforming the way we work by helping to edit emails, generate code, and analyze data. However, it still often requires the user to switch between multiple applications, tabs, and tools to implement the actions it recommends. For truly autonomous, agentic AI experiences, AI tools should be able to act on the user’s behalf. That can only happen if AI tools can directly interact with business software tools. MCP servers allow AI platforms to connect directly to the popular tools where data resides so the user can send an email, answer a question about a marketing campaign, or create invoices–all without leaving the AI assistant. But delivering reliable, low-latency, and secure access to external tools and data is a significant technical challenge, especially at global scale.

    Palo Alto Networks® (NASDAQ: PANW), the global cybersecurity leader, and the National Hockey League (NHL®) recently unveiled Cortex XSIAM® 3.0, the next evolution of its industry-leading SecOps platform, bolstered with proactive exposure management and advanced email security, enabling customers to further consolidate on Cortex for significantly better, faster and more cost-effective security operations.

    Three years ago, Palo Alto Networks anticipated the future of security operations by introducing Cortex XSIAM, which consolidates and normalizes all cybersecurity data to fuel advanced, real-time analytics and automation, making disjointed point products obsolete. The best-selling platform surged past $1 billion cumulative bookings in FY25 Q2, making it our fastest offering to reach this milestone. Earlier this year, Palo Alto Networks doubled down on cloud security with the introduction of Cortex Cloud, converging its industry-leading CNAPP and CDR capabilities on the unified Cortex platform.

    Broadcom Inc. (NASDAQ: AVGO) recently announced Incident Prediction, an industry-first security capability that extends Adaptive Protection, a unique feature of Symantec Endpoint Security Complete (SES-C), by leveraging AI to identify and disrupt living-off-the land (LOTL) attacks and other cyberthreats.

    Trained on a catalog of over 500,000 real-world attack chains built by the world-class Symantec Threat Hunter Team, Incident Prediction puts the advantage back in defenders’ hands by: predicting attackers’ behaviors, preventing their next move in the attack chain even when they’re using legitimate software, and then quickly returning the enterprise to its normal state. With Incident Prediction, SES-C delivers exceptional cyber resilience against motivated adversaries.

    CrowdStrike (NASDAQ: CRWD) recently released its 2025 State of SMB Cybersecurity Report, uncovering a widening gap between cybersecurity awareness and readiness among small and medium-sized businesses (SMBs). While 93% of SMBs consider themselves knowledgeable about cybersecurity risks and 83% report having a plan in place, just 36% are investing in new tools – and only 11% have adopted AI-powered defenses.

    Based on insights from SMB decision-makers across industries and company sizes, the research reveals that despite rising awareness, most SMBs still lack the budget, tools and in-house expertise to stop modern threats. With attacks becoming more advanced and frequent, SMBs need protection that’s easy to use, affordable to deploy and built to scale with their business.

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    The MIL Network

  • MIL-OSI Economics: Phillips 66 Issues Statement Following Glass Lewis and ISS Reports

    Source: Phillips

    Disagrees with ISS’ and Glass Lewis’ Recommendations which Failed to Address Critical Issues Reiterates The Strength Of Phillips 66’s Highly Qualified Board And Nominees

    HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE: PSX) today announced that it strongly disagrees with the recommendations issued by Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”).
    “We disagree with the recommendations issued by ISS and Glass Lewis,” said the Phillips 66 Independent Directors. “We remain committed to engaging with and listening to our shareholders on the issues in this campaign.”
    The Company notes the following issues and omissions in the reports’ analyses that remain critical factors for shareholders to consider:
    Elliott’s break-up thesis not examined: The reports did not opine on the merits of Elliott’s thesis to break up Phillips 66, which is the primary objective of Elliott’s campaign. In fact, ISS stated clearly that its report “is not an endorsement of a Midstream and/or Chemicals separation.” Supporting Elliott’s directors implicitly supports this risky path and overrides the judgment of Phillips 66’s highly qualified Board. Our Board continually evaluates the portfolio to maximize shareholder value and currently believes that the integrated model is the best path to shareholder value creation. As we always have, we remain committed to regularly and aggressively assessing these options going forward.
    Concerning assessment of director independence: By recommending against Robert Pease, the reports establish a concerning precedent on evaluating director independence.
    The reports suggest a director selected and vetted by a shareholder can be determined to lack independence after one month on the board and one vote. The single vote was for a combined CEO and Chair, a policy that is in place at 44% of S&P 500 companies.1
    This analysis disregards the fact that Mr. Pease’s vote represented his professional judgment as a 30-year corporate leader and ignores the fact that Mr. Pease was carefully evaluated for his qualifications and independence by Elliott. It also fails to apply any scrutiny to Elliott’s self-interested lack of support for its recently supported director.

    Reliance on board analysis from five years ago: ISS acknowledged that Phillips 66 has refreshed its Board substantially since July 2020. Yet, it still claimed that a lack of Board refreshment prior to the COVID-19 pandemic reflects a need for change now.
    Concerning governance overlooked: ISS and Glass Lewis disregarded Elliott’s ongoing efforts to acquire CITGO. The reports also overlook the fact that this pursuit took place concurrently with discussions of a second director appointment. Notably, neither report mentions anything about Elliott’s misleading disclosures and the overlapping relationships of its director nominees. These are unresolved issues that are highly relevant to shareholder considerations.
    Phillips 66 reiterates its commitment to ongoing transformation and governance refreshment. The Company reminds shareholders of key facts including:
    Consistent refreshment: Phillips 66 has added five new independent directors in the past four years to equip the Board with fresh perspectives and independent viewpoints. In its report, ISS acknowledged the Company’s board refreshment efforts, noting “Beginning in July 2020, the pace of board refreshment accelerated rapidly. The board appointed Julie Bushman early that month, Lisa Davis in October 2020, Denise Singleton and Doug Terreson in July 2021, and Greg Hayes in July 2022. Mark Lashier also joined in July 2022 in connection with his succession as CEO. Accompanying these appointments, Ferguson departed in August 2020, and McGraw and Tschinkel departed in March 2021.”
    Strong governance practices: The Board is firmly committed to declassification that would require all directors to stand election each year. The last attempt to do so received approval from 73% of outstanding shares.
    In its report, ISS supported Phillips 66’s declassification proposal, arguing, “The proposed declassification, assuming it can clear the supermajority hurdle, would enhance board accountability to shareholders, and the resubmission of this proposal to a vote after it failed in prior years demonstrates a commitment to shareholders’ interests on the part of management.”

    Early days in transformation strategy: ISS recognizes that Phillips 66 has improved its operating results since Mark Lashier stepped in as CEO on July 1, 2022 and achieved a total shareholder return above that of key competitors. ISS noted, “Since the appointment of Lashier as CEO through May 8, 2025, PSX has outperformed VLO by 20.9 percentage points.” Phillips 66 has made it clear that it is working to improve operations but is not satisfied with its results. In under three years, the Company has made progress on corporate cost takeout, refining performance, asset divestitures and more. These are facts recognized by the reports. These actions reflect a commitment to improvement that is continuing and will lead to further performance improvement and ultimately increased shareholder value.
    Relevant director skills: Phillips 66’s Board composition is closely aligned with the Company’s strategy and the issues raised in this campaign. Of the continuing Directors and nominees, six have refining experience, five have chemicals experience and five have midstream experience. The majority has experience in business transformations, several have expertise in finance and a number are experts in supply chains.2 Notably, the Company’s Directors and nominees have overseen more than $300 billion in “breakup or major divestiture transactions.3
    Phillips 66 encourages shareholders to reach their own informed conclusions.
    Elliott is seeking rapid, irreversible change in pursuit of a short-term thesis that would introduce significant risks to Phillips 66 shareholders. Do not let Elliott’s short-term and misinformed thesis disrupt your consistent and compelling returns.
    Phillips 66 recommends that shareholders use the WHITE proxy card to vote:
    ‘FOR’ only its four nominees using the WHITE proxy card;
    ‘FOR’ management’s proposal to approve the declassification of the Board of Directors, in line with the recommendations from ISS & Glass Lewis;
    ‘AGAINST’ Elliott’s proposal requiring annual director resignations, which implementing would violate Delaware law and put your Board at significant legal and reputational risk.
    The Board strongly recommends that shareholders safeguard their investment in Phillips 66 by casting their vote as soon as possible, regardless of plans to attend the Annual Meeting virtually on May 21, 2025.
    Shareholders may receive materials from Elliott Management that say “Gold proxy card” or “Gold voting instructions” or similar language. Phillips 66 recommends that shareholders DISCARD any Gold voting materials they may receive from Elliott. Shareholders may cancel out any vote made using a Gold proxy card by voting again TODAY using the Company’s WHITE proxy card. Only the latest-dated vote will count.
    About Phillips 66
    Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.
    Forward-Looking Statements
    This news release contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “committed,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies or laws that relate to our operations, including regulations that seek to limit or restrict refining, marketing and midstream operations or regulate profits, pricing, or taxation of our products or feedstocks, or other regulations that restrict feedstock imports or product exports; our ability to timely obtain or maintain permits necessary for projects; fluctuations in NGL, crude oil, refined petroleum, renewable fuels and natural gas prices, and refining, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for refined petroleum or renewable fuels products; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for renewable fuels; potential liability from pending or future litigation; liability for remedial actions, including removal and reclamation obligations under existing or future environmental regulations; unexpected changes in costs for constructing, modifying or operating our facilities; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we have announced or may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected difficulties in manufacturing, refining or transporting our products; the level and success of drilling and production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; lack of, or disruptions in, adequate and reliable transportation for our products; failure to complete construction of capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance with laws; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets, which may also impact our ability to repurchase shares and declare and pay dividends; potential disruption of our operations due to accidents, weather events, including as a result of climate change, acts of terrorism or cyberattacks; general domestic and international economic and political developments, including armed hostilities (such as the Russia-Ukraine war), expropriation of assets, and other diplomatic developments; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and property and equipment and/or strategic decisions with respect to our asset portfolio that cause impairment charges; investments required, or reduced demand for products, as a result of environmental rules and regulations; changes in tax, environmental and other laws and regulations (including alternative energy mandates); political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of equity affiliates we do not control; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
    Additional Information
    On April 8, 2025, Phillips 66 filed a definitive proxy statement on Schedule 14A (the “Proxy Statement”) and accompanying WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and its solicitation of proxies for Phillips 66’s director nominees and for other matters to be voted on. This communication is not a substitute for the Proxy Statement or any other document that Phillips 66 has filed or may file with the SEC in connection with any solicitation by Phillips 66. PHILLIPS 66 SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AND ANY OTHER RELEVANT SOLICITATION MATERIALS FILED WITH THE SEC AS THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of the Proxy Statement, any amendments or supplements to the Proxy Statement and other documents (including the WHITE proxy card) filed by Phillips 66 with the SEC without charge from the SEC’s website at www.sec.gov. Copies of the documents filed by Phillips 66 with the SEC also may be obtained free of charge at Phillips 66’s investor relations website at https://investor.phillips66.com or upon written request sent to Phillips 66, 2331 CityWest Boulevard, Houston, TX 77042, Attention: Investor Relations.
    Certain Information Regarding Participants
    Phillips 66, its directors, its director nominees and certain of its executive officers and employees may be deemed to be participants in connection with the solicitation of proxies from Phillips 66 shareholders in connection with the matters to be considered at the 2025 Annual Meeting. Information regarding the names of such persons and their respective interests in Phillips 66, by securities holdings or otherwise, is available in the Proxy Statement, which was filed with the SEC on April 8, 2025, including in the sections captioned “Beneficial Ownership of Phillips 66 Securities” and “Appendix C: Supplemental Information Regarding Participants in the Solicitation.” To the extent that Phillips 66’s directors and executive officers who may be deemed to be participants in the solicitation have acquired or disposed of securities holdings since the applicable “as of” date disclosed in the Proxy Statement, such transactions have been or will be reflected on Statements of Changes in Ownership of Securities on Form 4 or Initial Statements of Beneficial Ownership of Securities on Form 3 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at www.sec.gov.
    1. Matthew Tonello, “2023 Disclosure Practices on Board Leadership and Structure,” Harvard Law School Forum on Corporate Governance, May 12, 2025, https://corpgov.law.harvard.edu/2024/01/18/2023-disclosure-practices-on-board-leadership-and-structure/.2. Source: Company filings, public filings.3. Source: Deal Point Data, Reuters, FactSet, Financial Times, RBC Capital Markets.

    Source: Phillips 66

    MIL OSI Economics

  • MIL-OSI United Kingdom: Business fined thousands of pounds by court after ignoring council fly tipping penalty

    Source: City of Wolverhampton

    Two men, using a van that had been hired by business Sergiu Razvan Ed Ltd, dumped bags of rubbish at night in Byrne Road, Blakenhall.

    The incident was caught on a camera that had been installed by City of Wolverhampton Council to monitor fly tipping. Officers were able to trace the vehicle to a hire company and identify who had control of the van at the time of the incident.

    The director of the business, Sergiu Razvan, admitted to leaving items on the footpath and agreed to pay a £400 Fixed Penalty. However, after several weeks, the fine remained unpaid.

    As a result, a fly tipping prosecution was brought against the company itself, and the business was found guilty in its absence during a hearing at Dudley Magistrates Court on 2 May.

    The business was fined £5,000, ordered to pay a victim surcharge of £2,000 and costs of £1,851.88. The costs awarded to the council will be reinvested back into its environmental crime service.

    Magistrates were told that at 9.40pm on 27 February, 2024 a van was driven from Napier Road to Byrne Road where 2 men dumped refuse sacks of waste on the footpath. The van then drove off.

    Despite the council issuing a £400 Fixed Penalty Notice and a reminder letter, no payment was received from the business and the prosecution was brought.

    The recent court action supports ongoing work under the council’s Shop a Tipper campaign where anyone suspected of dumping rubbish will have their images shared to appeal for information to help identify them.

    If the information provided leads to successful identification, and Fixed Penalty Notices are issued and paid or a prosecution takes place, residents receive a £100 Enjoy Wolverhampton Gift Card.

    Residents can contact 01902 552700 with information or report online at Fly-Tipping – Shop a Tipper.

    Councillor Bhupinder Gakhal, cabinet member for resident services at City of Wolverhampton Council, said: “The courts have sent out a very strong message in this case.

    “If the business responsible had paid the Fixed Penalty Notice, the council would not have had to prosecute. But as a result, the company is now facing a significant financial penalty.

    “I welcome the decision of the courts to take this tough approach. This case clearly shows fly tippers that they should not ignore contact from us and simply hope we will go away.

    “Fly tipping is a blight on the local environment and we are continually working to tackle this unpleasant and illegal behaviour. We will take all necessary measures to keep our city clean for residents to enjoy.”

    Residents are reminded that waste can be disposed of free of charge at our Household Waste and Recycling Centres (tips) which are open 7 days a week from 8am to 4pm. Centres are at Anchor Lane, Lanesfield, Bilston and Shaw Road, Wolverhampton.

    A bulky item collection service to dispose of big unwanted items is also available, find out more at Bulky item collection.

    MIL OSI United Kingdom

  • MIL-OSI Africa: Secretary-General’s remarks to the Ministerial Meeting on the Future of Peacekeeping [bilingual, as delivered; scroll down for all-English]

    Source: United Nations – English

    ear Ministers of Foreign Affairs and Defence Affairs of the Federal Republic of Germany, our generous hosts.

     
    Excellencies, ladies and gentlemen,
     
    My thanks to Germany for bringing us together at this consequential moment.
     
    This year marks the 80th anniversary of the United Nations.
     
    Our organization was founded on the conviction that peace is possible if we work as one united human family.
     
    That is what our peace operations are about. 
     
    From preventive diplomacy to peacekeeping…
     
    From negotiating ceasefires to helping to implement them…
     
    From electoral support and observer missions to de-mining operations and protection of civilians…
     
    To the focus of today’s Ministerial meeting — peacekeeping.
     
    Excellencies,
     
    UN Blue Helmets are the most globally recognized symbol of the world’s ability to come together to help countries move from conflict to peace.
     
    Peacekeepers hail from every corner of the world.
     
    But they are united in their commitment to peace.
     
    As we meet today, UN peacekeepers are hard at work helping to ensure that ceasefires are respected…
     
    Protecting civilians caught in the line of fire…
     
    Helping provide the conditions for lifesaving aid to flow to those in need…
     
    And laying the foundations for long-term recovery.
     
    In trouble spots around the world, Blue Helmets can mean the difference between life and death.
     
    And they are also a clear demonstration of the power of multilateral action to maintain, achieve and sustain peace.
     
    There is a long list of countries that have achieved durable peace with the support of UN Peacekeeping — including Cambodia, Cote d’Ivoire, El Salvador, Liberia, Namibia, Mozambique, Sierra Leone and Timor Leste.  
     
    Many of these countries now themselves contribute troops. 
     
    At the same time, we recognize that peace comes at a price.
     
    Through the decades, 4,400 peacekeepers have fallen in the line of duty.
     
    Their service and sacrifice will never be forgotten.  
     
    Please join me in a moment of silence to honour all those who lost their lives in the pursuit of peace.
     
    [MOMENT OF SILENCE]
     
    Thank you.
     
    Excellencies,
     
    We owe it to peacekeepers — and the populations they protect — to continue strengthening their ability to answer this call to peace.
     
    And to do so in the face of daunting challenges.
     
    Complex, intertwined and frequently borderless conflicts…
     
    Growing polarization and division around the globe…
     
    Targeting of peacekeepers through deadly misinformation spreading through social media…
     
    Terrorism and transnational crime, which find fertile ground in instability…
     
    The ongoing climate crisis that is exacerbating conflict while leaving more of the planet uninhabitable…
     
    All the continued trampling of international law and international humanitarian law.
     
    As a result, we are now facing the highest number of conflicts since the foundation of the United Nations, and record numbers of people fleeing across borders in search of safety and refuge.
     
    We must recognize that peacekeeping operations are only as effective as the mandates directing them, and can struggle in contexts where political support and clearly defined outcomes and solutions are absent or elusive.
     
    Meanwhile, we see increasing differences of views around how peacekeeping operations should work, under what circumstances, with what mandates they should be deployed, and for how long.
     
    And we face dramatic financial constraints across the board.
     
    We’ve worked to adapt in the face of these challenges.
     
    But we need to do more.
     
    Today, I want to highlight three areas of focus.
     
    First — help us shape peacekeeping operations that are fit for the future.     
     
    The Pact for the Future called for a Review of Peace Operations — including peacekeeping.
     
    The review will examine how we can make peacekeeping operations more adaptable, flexible and resilient — while recognizing the limitations in situations where there is little or no peace to keep.
     
    It will also aim to critically examine the tools we have today and propose concrete recommendations to make them fit for the future.  
     
    Through this review, we must ensure that the United Nations is prepared to deploy peace operations tailored to each individual conflict, while preparing for the challenges of tomorrow.
     
    We can draw inspiration from our UNIFIL operation, which recently developed an adaptation plan to keep peace along the Blue Line, and ensure lifesaving aid can flow to civilians in southern Lebanon.
     
    In the Central African Republic, we see MINUSCA protecting civilians and assisting the government to extend its reach beyond the capital where people are in desperate need. 
     
    In the Democratic Republic of the Congo, despite ongoing fighting, UN Peacekeepers remain in the field, protecting vulnerable populations. 
     
    We’re also seeking efficiencies through partnerships — from Member States to regional and sub-regional organizations, to local communities.
     
    Most important among them is our strong partnership with the African Union.
     
    Security Council resolution 2719 has lifted this partnership to a new level as we work to establish peace enforcement missions under the AU’s responsibility, supported by the United Nations through assessed contributions.
     
    Today, the Review of Peace Operations will need to be informed — and inspired — by your views.
     
    Member States make peacekeeping possible.
     
    They must lead the way as we strengthen it for the future.
     
    Second — as we make our operations more adaptable and flexible, we need to do the same in the use of our resources.

    Peace operations can only succeed when backed by robust mandates and clear, predictable and sustained contributions, both financial and logistical. 
     
    But these are tough times for the financing of our work across the board.
     
    Peacekeeping is no exception.
     
    It is crucial that we are able to use the increasingly limited resources we have — and use them well.
     
    That requires more flexible rules and processes.
     
    This means updating our approach to abolishing or establishing positions, and working with troop-contributing countries to ensure we can deliver.
     
    It means working with Member States and the UN Security Council to ensure that any new mandates are prioritized and achievable with the resources available and with a clear exit strategy.
     
    And it means driving efficiencies and improvements across our work in light of the continued funding challenges we face.
     
    Our Review of Peace Operations will work hand-in-hand with our UN80 initiative, to ensure we maximize efficiencies wherever possible, supported at every step by Member States.
     
    We look forward to your governments’ support and ideas as we tackle these challenges together.

    Third — we need your political support, including through the pledges you will make tomorrow.

    Peace operations cannot succeed in the absence of a political solution.

    Together we need to mobilize greater support for political solutions across our peacekeeping missions. 

    Pursuing these political solutions requires adequate means of delivering our operations — including unified political support from Member States, strong leadership, well-trained troops, equipment and technology.

    These can strengthen our operations, and make a real difference in people’s lives.

    And it requires the support of all Member States to ensure the safety and security of United Nations peacekeepers in the field, and the full implementation of the relevant privileges and immunities of the Organization and its personnel.

    We are deeply grateful for the support and for the concrete pledges so many of you will announce here tomorrow.

    Excellencies,

    With a budget shared by all 193 Member States and representing a tiny fraction of global military spending — around one half of one per cent — UN Peacekeeping remains one of the most effective and cost-effective tools to build international peace and security.

    But it’s only as strong as Member States’ commitment to it.

    Unfortunately, peacekeeping operations have been facing serious liquidity problems. 
      
    It is absolutely essential that all Member States respect their financial obligations, paying their contributions in full and on time. 

    Now more than ever, the world needs the United Nations.

    And the United Nations needs peacekeeping that is fully equipped for today’s realities and tomorrow’s challenges. 

    Together, let’s shape the UN peacekeeping operations that the challenges require, that Member States demand, and that our peacekeepers and the people they support need and deserve.
    Thank you.
     

    MIL OSI Africa

  • MIL-OSI Russia: Industrial Bank of China issues 10 billion yuan worth of science and technology innovation bonds

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, May 13 (Xinhua) — Industrial Bank Co., Ltd. of China said it successfully issued its first batch of science and technology innovation bonds on the interbank market on Tuesday, which are designed to support lending to science and technology innovation and related enterprises.

    The bond issue volume was 10 billion yuan (US$1.39 billion), the maturity period was three years, and the nominal interest rate was 1.66 percent.

    The bank’s bond issue comes days after the country’s regulators unveiled support measures aimed at stimulating the issuance of sci-tech innovation bonds. The People’s Bank of China (PBOC, the central bank) and the China Securities Regulatory Commission last week announced measures to support the issuance of sci-tech innovation bonds by financial institutions, sci-tech enterprises and financial asset investment companies. -0-

    MIL OSI Russia News

  • MIL-OSI Economics: IPAA Supports “Tax Trifecta” Inclusion in Reconciliation Bill

    Source: Independent Petroleum Association of America

    Headline: IPAA Supports “Tax Trifecta” Inclusion in Reconciliation Bill

    IPAA Supports “Tax Trifecta” Inclusion in Reconciliation Bill

    Dear Speaker Johnson, Majority Leader Thune, Leader Jeffries, and Leader Schumer:

    We, the undersigned organizations, representing thousands of businesses who collectively employ millions of Americans in all sectors of the U.S. economy, urge Congress to immediately enact three specific pro-growth tax relief proposals in the upcoming reconciliation bill authorized by H.Con.Res.14, the fiscal year 2025 budget resolution. …

    We strongly urge Congress to bolster our economy and support American workers and families. Congress should restore immediate R&D expensing, a pro-growth interest deductibility standard, and full expensing for capital investments.

    MIL OSI Economics

  • MIL-OSI: Wearable Devices Receives U.S. Patent Notice of Allowance for Hybrid Voice and Gesture Control Innovation

    Source: GlobeNewswire (MIL-OSI)

    Newly allowed patent extends Wearable Devices’ innovative gesture technology into the domain of voice control

    YOKNEAM ILLIT, ISRAEL, May 13, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, today announced that the United States Patent and Trademark Office has allowed its patent titled “Gesture and Voice-Controlled Interface Device.”

    This patent represents a significant advancement in the Company’s strategic intellectual property (“IP”) portfolio, strengthening global protection for its core innovations in wearable bio-potential sensors. The Company’s IP strategy includes patent families designed to protect a wide spectrum of future applications, ensuring agility in response to emerging global market needs.

    The newly allowed patent enables the integration of gesture recognition with voice control interfaces, introducing personalization features, and combining both neural and voice-based user authentication. This creates a more seamless, secure, and intuitive human-machine interaction.

    The patented technology enables intuitive, hands-free interaction across a wide range of applications. For example, users wearing AI-powered or augmented reality (“AR”) glasses can navigate maps, control audio, and access virtual assistants using natural gestures and voice commands. In smart home applications, a user can use their voice to select a home appliance to control – such as the TV volume or air conditioning temperature – and then use subtle gestures to fine-tune the settings. In multi-user environments, such as smart homes or shared AR systems, the device intelligently recognizes individual users through unique gesture and voice signatures, delivering personalized experiences. In clinical or surgical settings, medical professionals can interact with digital interfaces – scrolling, zooming, or switching views – without compromising sterility, using only in-air gestures and voice cues.

    “Voice control is an essential interface for smart environments, but it often lacks the precision, personalization and the security users need,” said Guy Wagner, President and Chief Scientific Officer of Wearable Devices. “By integrating voice and gesture-based interaction along with neural and voice-based user authentication, we’re bridging that gap, enabling users not only initiate actions by voice but also to fine-tune and personalize device behavior through intuitive gestures. This combination introduces a new dimension of seamless, secure, and intelligent human-computer interaction.”

    About Wearable Devices Ltd.

    Wearable Devices Ltd. is a pioneering growth company revolutionizing human-computer interaction through its AI-powered neural input technology for both consumer and business markets. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s innovative products, including the Mudra Band for iOS and Mudra Link for Android, enable seamless, touch-free interaction by transforming subtle finger and wrist movements into intuitive controls. These groundbreaking solutions enhance gaming and the rapidly expanding AR/VR/XR landscapes. The Company offers a dual-channel business model: direct-to-consumer sales and enterprise licensing. Its flagship Mudra Band integrates functional and stylish design with cutting-edge AI to empower consumers, while its enterprise solutions provide businesses with the tools to deliver immersive and interactive experiences. By setting the input standard for the XR market, Wearable Devices is redefining user experiences and driving innovation in one of the fastest-growing tech sectors. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq under the symbols “WLDS” and “WLDSW,” respectively.

    Forward-Looking Statements Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss our IP strategy and the benefits and advantages of it, emerging global market needs and the benefits and advantages of newly patented technology. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2024, filed on March 20, 2025 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact
    Michal Efraty
    IR@wearabledevices.co.il

    The MIL Network

  • MIL-OSI: VERB Beats All Analysts Q1 2025 Financial Performance Estimates

    Source: GlobeNewswire (MIL-OSI)

    Management Delivers Impressive 80% Revenue Growth Quarter-Over-Quarter

    Beats All Revenue and EPS Estimates By A Wide Margin

    Q1 2025 Revenue Exceeds Entire 2024 Annual Revenue

    Closed $8.5 Million Acquisition Of AI Social Commerce Technology Platform Lyvecom

    $5 Million Cash Added To Balance Sheet In Non-Dilutive, Non-Convertible, Preferred Stock Deal

    Zero Debt – Strong Cash Position – Expected To Fund Operations Into 2028 And Beyond

    Increased Growth Projected For Q2 2025

    LAS VEGAS, May 13, 2025 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today filed its Form 10-Q reporting financial and operating results for the quarter ending March 31, 2025.

    Q1 Highlights

    For the Quarter Ended March 31, 2025

    • Total Q1 revenue$1.305 million, an increase of $582 thousand, or 80% over Q4 2024; and an increase of $1.298 million, or 18,543%, over the prior year comparable quarter. Represents the greatest amount of revenue generated since the strategic sale of the Company’s direct sales SaaS business unit in June 2023
    • Q1 2025 Revenue Exceeds Entire 2024 Annual Revenue
    • Net loss reduced by $1.0 million, represents an improvement of 29% over the prior year comparable quarter
    • Operating loss reduced by $558 thousand, represents an improvement of 17% over the prior year comparable quarter
    • General and Administrative expenses slight increase of $0.4 million, represents an increase of 12% over prior year; indicates that the Company’s current enhanced financial performance is attributable to increases in revenue – not excessive cost cutting measures
    • ZERO DEBT – All Remaining Debt retired in Q1
    • Closed Acquisition of AI Social Commerce Technology Platform Lyvecom in deal valued at $8.5 Million
    • Opportunistically Added $5 Million in Cash to the Company’s balance sheet through non-dilutive, non-convertible, non-voting, preferred stock deal – replenished all the cash used in Lyvecom acquisition and more
    • Strong Cash Position – expected to fund operations into 2028 and beyond

    Results of Operations

    Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024

    The following is a comparison of the results of our operations for the three months ended March 31, 2025 and 2024 (in thousands):

        Three Months Ended March 31,  
        2025     2024     Change  
                   
    Revenue   $ 1,305     $ 7     $ 1,298  
                         
    Costs and expenses                    
    Cost of revenue, exclusive of depreciation and amortization shown separately below     347       5       342  
    Depreciation and amortization     286       256       30  
    General and administrative     3,331       2,963       368  
    Total costs and expenses     3,964       3,224       740  
                         
    Operating loss from continuing operations     (2,659 )     (3,217 )     558  
                         
    Other income (expense)                    
    Interest income     121             121  
    Unrealized gain on short-term investments     83             83  
    Interest expense     (1 )     (225 )     224  
    Other income (expense), net     18       (3 )     21  
    Total other income (expense), net     221       (228 )     449  
                         
    Net loss   $ (2,438 )   $ (3,445 )   $ 1,007  


    Revenue

    Revenue was $1,305 for the three months ended March 31, 2025, as compared to $7 for the three months ended March 31, 2024. The revenue increase of $1,298, representing an increase of 18,543%, is primarily attributable to revenue received from our MARKET.live business unit services packages and from our Go Fund Yourself business unit which began its operations in July 2024. 

    The table below sets forth our quarterly revenues beginning with the quarter ended September 30, 2023 (the first quarter following the sale of our SaaS business unit) through the quarter ended March 31, 2025, which reflects the trend of revenue over the past seven fiscal quarters:

      Q3
    2023
    Q4
    2023
    Q1
    2024
    Q2
    2024
    Q3
    2024
    Q4
    2024
    Q1
    2025
    MARKET.live $       29 29 7 37 103 490 561
    GO FUND YOURSELF $    –  –  – 25 233 744
    CONSOLIDATED $          29 29 7 37 128 723 1,305

    Operating Expenses

    Depreciation and amortization expenses were $286 for the three months ended March 31, 2025, as compared to $256 for the three months ended March 31, 2024.

    General and administrative expenses including stock compensation expense were $3,331 for the three months ended March 31, 2025, as compared to $2,963 for the three months ended March 31, 2024.

    Other Income (Expense), net

    Other income, net, for the three months ended March 31, 2025 was $221, which was primarily attributable to interest income attributable to our short-term highly liquid investments.

    Three Months Ended March 31, 2025 Compared to Three Months Ended December 31, 2024

    The following is a comparison of the results of our operations for the three months ended March 31, 2025 and December 31, 2024 (in thousands):

         March 31,
    2025
        December 31,
    2024
        Change  
                       
    Revenue   $ 1,305       $ 723       $ 582    
                             
    Costs and expenses                        
    Cost of revenue, exclusive of depreciation and amortization shown separately below     347         134         213    
    Depreciation and amortization     286         279         7    
    General and administrative     3,331         4,020         (689 )  
    Total costs and expenses     3,964         4,433         (469 )  
                             
    Operating loss from continuing operations     (2,659 )       (3,710 )       1,051    
                             
    Other income (expense)                        
    Interest income     121         331         (210 )  
    Unrealized gain (loss) on short-term investments     83         (153 )       236    
    Interest expense     (1 )       (1 )          
    Other income (expense), net     18         164         (146 )  
    Total other income (expense), net     221         341         (120 )  
                             
    Net loss   $ (2,438 )     $ (3,369 )     $ 931    


    Revenue

    Revenue was $1,305 for the quarter ended March 31, 2025, as compared to $723 for the quarter ended December 31, 2024. The revenue increase of $582, representing an increase of 80%, is primarily attributable to growth from our MARKET.live business unit services packages and from tremendous growth in our Go Fund Yourself business unit.  

    Operating Expenses

    Depreciation and amortization expenses were $286 for the three months ended March 31, 2025, as compared to $279 for the three months ended December 31, 2024.

    General and administrative expenses including stock compensation expense were $3,331 for the three months ended March 31, 2025, as compared to $4,020 for the three months ended December 31, 2024.

    Use of Non-GAAP Measures – Modified EBITDA

    In addition to our results under generally accepted accounting principles (“GAAP”), we present Modified EBITDA as a supplemental measure of our performance. However, Modified EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations or any other performance measure derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of liquidity. We define Modified EBITDA as net income (loss), plus depreciation and amortization, share-based compensation, unrealized (gain) loss on short-term investments, interest expense, financing costs, and other (income) expense, and other non-recurring charges.

    Management considers our core operating performance to be that which our managers can affect in any particular period through their management of the resources that affect our underlying revenue and profit generating operations that period. Non-GAAP adjustments to our results prepared in accordance with GAAP are itemized below. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating Modified EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Modified EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.

       
      Three Months Ended March 31,
    (in thousands)   2025       2024  
                   
    Net loss $ (2,438 )   $ (3,445 )
         
    Adjustments    
    Depreciation and amortization   286       256  
    Share-based compensation   958       378  
    Unrealized gain on short-term investments   (83 )      
    Interest expense   1       225  
    Other (income) expense, net   (18 )     3  
    Other costs (a)   256       84  
         
    Total EBITDA adjustments   1,400       946  
    Modified EBITDA $ (1,038 )   $ (2,499 )
                   

    (a) Represents a litigation accrual in 2024. Represents severance costs in addition to acquisition costs incurred for Lyvecom acquisition in 2025.

    We present Modified EBITDA because we believe it assists investors and analysts in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. In addition, we use Modified EBITDA in developing our internal budgets, forecasts and strategic plan; in analyzing the effectiveness of our business strategies in evaluating potential acquisitions; and in making compensation decisions and in communications with our board of directors concerning our financial performance. Modified EBITDA has limitations as an analytical tool, which includes, among others, the following:

    • Modified EBITDA does not reflect our cash expenditures, or future requirements, for capital expenditures or contractual commitments;
    • Modified EBITDA does not reflect changes in, or cash requirements for, our working capital needs;
    • Modified EBITDA does not reflect future interest expense, or the cash requirements necessary to service interest or principal payments, on our debts; and
    • Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and Modified EBITDA does not reflect any cash requirements for such replacements.

    Liquidity and Capital Resources

    Overview

    As of March 31, 2025 and 2024, we had the following balances of cash, restricted cash, and highly liquid investments. 

        March 31,
    2025
        December 31,
    2024
     
                 
    Cash   $ 6,275     $ 7,617  
    Restricted Cash     880       878  
    Investments: Government-Backed Securities     3,884       3,731  
    Investments: Corporate Bonds     1,197       1,182  
    Total    $ 12,236     $ 13,408  


    Conference Call Information

    VERB CEO, Rory J. Cutaia will hold a conference call today, May 13, 2025, at 1:00 p.m. Eastern time to discuss the first quarter 2025 results and strategic plans for the remainder of 2025 and beyond. A telephonic replay of the conference call is available from 4:00 p.m. Eastern time today through May 27, 2025.

    VERB Q1 2025 Earnings Call
    Date: Tuesday, May 13, 2025
    Time: 1:00 p.m. Eastern time (10:00 a.m. Pacific time)

    To access by phone: Please call the conference telephone number 10-15 minutes prior to the start time. An operator will register your name and organization.

    Meeting Link: CLICK HERE
    Toll Free: 1-877-407-4018
    Toll/International: 1-201-689-8471
    Telephonic Replay: Available after 5:00 p.m. Eastern time on the same day through May 27, 2025 at 11:59 PM ET

    Toll-free replay number: 1-844-512-2921
    International replay number: 1-412-317-6671
    Replay ID: 13753877

    About VERB
    Verb Technology Company, Inc. (Nasdaq: VERB), is Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show. The Company operates several business units, each of which leverages its social commerce technology and video marketing expertise. MARKET.live, together with recently acquired AI social commerce technology innovator Lyvecom, is a multi-vendor, livestream social shopping platform that allows brands and merchants to deliver a true omnichannel livestream shopping experience across their own websites, apps, and social platforms. Advanced AI capabilities power real-time user-generated-content creation, automated video content repurposing, and AI-powered virtual live shopping hosts that are virtually indistinguishable from human hosts, capable of real-time audience engagement. Brands utilize our proprietary AI model trained on tens of thousands of video commerce interactions to automate content creation and our intelligent tools designed to optimize merchandising strategies and increase conversion rates. GO FUND YOURSELF is a revolutionary interactive social crowd funding platform and TV show for public and private companies seeking broad-based exposure across social media channels for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive TV show with MARKET.live’s back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show’s panel of “Titans”. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons. VANITYPrescribed.com and GoodGirlRx.com are telehealth portals, intended to redefine telehealth by offering a seamless, digital-first experience that empowers individuals to take control of their healthcare needs. They were designed and developed to disrupt the traditional healthcare model by providing tailored healthcare solutions at affordable, fixed prices – without hidden fees, membership costs, or inflated pharmaceutical markups. GoodGirlRx.com, a partnership with Savannah Chrisley, a well-known lifestyle personality and advocate for health and wellness, offers customers access to convenient, no-hassle telehealth services and pharmaceuticals, including the new weight-loss drugs, with fixed pricing regardless of dosage, breaking away from the industry’s traditional model of excessive pricing and pharmaceutical gatekeeping.

    The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in Los Alamitos, California.

    For more information, please visit: www.verb.tech

    Follow VERB and MARKET.live here:
    VERB on Facebook: https://www.facebook.com/VerbTechCo
    VERB on Twitter: https://twitter.com/VerbTech_Co
    VERB on LinkedIn: https://www.linkedin.com/company/verb-tech
    VERB on YouTube: https://www.youtube.com/channel/UC0eCb_fwQlwEG3ywHDJ4_KQ

    Sign up for E-mail Alerts here: https://ir.verb.tech/news-events/email-alerts

    FORWARD-LOOKING STATEMENTS
    This communication contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, those identified in our filings with the Securities and Exchange Commission (the “SEC”), including our annual, quarterly and current reports filed with the SEC and the risk factors included in our annual report on Form 10-K filed with the SEC today. Any forward-looking statement made by us herein is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise.

    Investor Relations Contact: investors@verb.tech

    Media Contact: info@verb.tech

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2dafa316-c785-42b3-9d3c-7e43a0b4ce58

    The MIL Network

  • MIL-OSI: Megaport and NYI Mark 10 Years of Partnership with Expansion to Chicago

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 13, 2025 (GLOBE NEWSWIRE) — NYI, a provider of hybrid datacenter, network and interconnection services and Megaport, a leading provider of global network connectivity services, are proud to honor ten years of partnership with the addition of Megaport services at the NYI Chicago data center facility in Oak Brook, IL, enhancing network connectivity options for customers with rapidly evolving digital business requirements.

    A unique partnership with a solutions focus

    In a decade that has witnessed significant technological developments and a rapidly changing industry landscape—one in which companies come and go, morph and change—the long, stable partnership between NYI and Megaport is notable in withstanding the test of time while evolving to meet the escalating needs of clients in the digital infrastructure and network connectivity space. At the core of the successful collaboration is a shared dedication to facilitating holistic, custom solutions and delivering seamless customer experiences in an increasingly complex hybrid technology environment, driven by AI and other emerging technologies.

    “NYI was one of our initial locations in New York, and they’ve been an outstanding partner for a decade now. They’re about more than just power and space—they understand the value of delivering market-leading solutions and a great customer experience, making them an ideal partner for Megaport,” says Michael Reid, CEO of Megaport. “Chicago is a booming Tier 1 market, and we’re excited to expand this partnership by adding NYI Chicago to our expansive global ecosystem.”

    Providing easy access to digital infrastructure and connectivity

    Both NYI and Megaport believe in making things simple for customers. While NYI simplifies data center operations by addressing the logistical hurdles involved in deploying digital infrastructure, Megaport simplifies the often arduous task of managing network connectivity. By leveraging a single interface, customers can access a full range of Megaport services including secure, resilient, and scalable connectivity to public and private clouds, seamless data center to data center interconnection, and multi-cloud connectivity—all provisioned within a few clicks using Megaport’s intuitive, on-demand platform.

    “We’re committed to helping facilitate the right connectivity solutions to support our clients’ needs and our ongoing partnership with Megaport helps us achieve that,” adds Phillip Koblence, Co-Founder and COO of NYI. “We are delighted to extend Megaport services to our Midwest customers—offering a real-time, flexible network connectivity platform to support critical hybrid cloud use cases from disaster recovery to AI and IoT.”

    A strategic data center location

    NYI Chicago is strategically located in Oak Brook, midway between Chicago (18 miles to the East) and Aurora (to the west). The fiber rich facility offers a comprehensive portfolio of cloud, colocation, and interconnection solutions, and high touch managed services to companies across industries including finance, healthcare, technology and education. For NYI customers globally, the site supports geographic expansion, regional diversity and business continuity options in the highly desirable Chicago area.

    The integration of Megaport extends NYI Chicago’s premier connectivity capabilities which include a wide range of carriers and low-latency direct connectivity to 350 E. Cermak, a key Midwest interconnection hub. NYI’s highly skilled on-site team can assist with network decision making and the deployment of relevant services associated with Megaport.

    Getting started
    To learn how to optimize your cloud networking, data center and peering capabilities, contact NYI to schedule a demo and free trial of the Megaport platform.

    About Megaport

    Megaport is changing how businesses connect their infrastructure, with one smart and simple platform to manage every connection. Build secure, scalable, and agile networks in just a few clicks, accessing global endpoints and creating private paths in minutes. Trusted by the world’s leading companies, Megaport partners with global service providers, DC operators, systems integrators, and managed services companies, and operates in 930+ enabled locations worldwide. Megaport is ISO/IEC 27001 certified. Join the network revolution at megaport.com.

    About NYI

    NYI is a global provider of hybrid infrastructure, network, and interconnection solutions. The company is known for cutting through the complexity of the IT landscape and facilitating custom solutions to address the critical infrastructure and connectivity needs of clients across industries. NYI is headquartered in New York City and provides enterprise services into key global markets through a trusted ecosystem of partners. To learn more, visit www.nyi.net, contact 800.288.7387 or follow NYI on LinkedIn. Media contact: Iromie Weeramantry, marketing@nyi.net

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4b3afd0f-0120-40e8-b9e7-287042cd3cb0

    The MIL Network

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

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 13, 2025 (GLOBE NEWSWIRE) — OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems and oil country tubular goods for the oil and gas industry, today announced the pricing of its initial public offering (the “Offering”) of 3,703,704 ordinary shares, par value US$0.0001 per share (the “Ordinary Shares”), at a public offering price of US$9.00 per share, for a total base offering size of US$33.3 million, assuming the underwriters do not exercise their option to purchase additional ordinary shares, before deducting underwriting discounts and other related expenses.

    The Ordinary Shares are expected to begin trading on the Nasdaq Capital Market (the “NASDAQ”) on May 13 2025, under the ticker symbol “OMSE.” The offering is expected to close on May 14, 2025, subject to customary closing conditions.

    In addition, OMS has granted the underwriter a 45-day option from the date of the final prospectus to purchase up to 555,555 additional ordinary shares at the public offering price, less underwriting discounts and commissions.

    Roth Capital Partners acted as the sole manager for the Offering. Joseph Gunnar & Co., LLC acted as financial advisor to the Company in connection with the Offering.

    A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) (File Number: 333-282986), as amended, and was declared effective by the SEC on April 28, 2025. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

    The offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the prospectus related to the offering, when available, may be obtained from: Roth Capital Partners, LLC, Attention: Prospectus Department, 888 San Clemente Drive, Suite 400, Newport Beach, California 92660, United States, or by calling +1 (800) 678-9147, or by email at rothecm@roth.com. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering.

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

    About OMS Energy Technologies Inc.

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

    For more information, please visit ir.omsos.com.

    Forward-Looking Statements

    This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements relating to the anticipated size of the initial public offering and the expected trading commencement and closing dates. These forward-looking statements can be identified by terminology such as “will,” “would,” “may,” “expects,” “anticipates,” “aims,” “future,” “continues,” “could,” “should,” “target,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: uncertainties related to market conditions, the satisfaction of customary closing conditions related to the initial public offering, the completion of the initial public offering on the anticipated terms, or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus that forms a part of the effective registration statement filed with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For investor and media inquiries, please contact:

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

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

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

    The MIL Network

  • MIL-OSI Economics: US tariffs could accelerate supply chain diversification in medtech sector, says GlobalData

    Source: GlobalData

    US tariffs could accelerate supply chain diversification in medtech sector, says GlobalData

    Posted in Medical Devices

    The US Trade Representative’s (USTR) plan to reinstate Section 301 tariffs targets Class I and II medical devices, including orthopedic instruments frequently sourced from China. The move is expected to lead to a rise in cost pressures and supply chain risks in the medtech sector. As such, tariff pressures could accelerate supply chain diversification and regional manufacturing in the sector, according to GlobalData, a leading data and analytics company.

    The tariffs, part of a revived Trump-era trade strategy, aim to counter China’s economic influence and encourage domestic manufacturing. However, medtech leaders warn the move could raise healthcare costs and limit patient access to essential technologies.

    Zimmer Biomet has recently announced that proposed US tariffs on medical devices imported from China could reduce its 2025 profits by $60 million to $80 million. Zimmer Biomet’s update reflects the broader implications of geopolitical trade shifts on global healthcare. The global musculoskeletal healthcare company is evaluating mitigation strategies such as supplier diversification, logistics optimization, and potential reshoring.

    Graysen Vigneux, Medical Analyst at GlobalData, commented: “The impact of these tariffs is significant for globally integrated firms like Zimmer Biomet. While intended to boost US production, the immediate effect may be higher costs that ripple through to providers and patients.”

    Many of Zimmer Biomet’s orthopedic instruments, typically low-margin, high-volume products, fall under the tariff scope and cannot be easily transitioned to US manufacturing without major investment and regulatory delay.

    Vigneux concludes: “The US medtech industry, already facing inflation, labor shortages, and stricter regulation, now confronts added financial and strategic uncertainty. Companies must remain agile to navigate shifting trade policy without compromising access or quality.”

    MIL OSI Economics

  • MIL-OSI Russia: China and Central Asian countries ready to deepen cooperation in education

    Translation. Region: Russian Federal

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

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

    URUMQI, May 13 (Xinhua) — The first China-Central Asia Education Ministers’ Meeting was held in Urumqi, northwest China’s Xinjiang Uygur Autonomous Region, on Monday, calling for deeper cooperation in areas such as scientific research, vocational education and more.

    Delivering a keynote speech at the meeting, Chinese Education Minister Huai Jinpeng noted that China pays close attention to cooperation with Central Asian countries in the field of education. Over the past two years, the parties have cooperated more closely and achieved fruitful results, he said.

    Regarding deepening China-Central Asia educational cooperation, Huai Jinpeng called for building new platforms for comprehensive exchanges and cooperation, forming a new system of higher education cooperation for joint training of professionals, unleashing the potential of cooperation in vocational education, strengthening cooperation in digital education based on resource sharing, and promoting exchanges between civilizations in China and Central Asian countries.

    As stated by the Minister of Science and Higher Education of the Republic of Kazakhstan Sayasat Nurbek, Kazakhstan and China have developed fruitful cooperation in scientific research and education and actively promoted exchanges between specialists, while the youth of the two countries are showing growing interest in studying in each other’s countries.

    At the meeting, he also stressed the importance of expanding academic interaction, strengthening cooperation in postgraduate education, and enhancing the integration of artificial intelligence in the education process.

    At the meeting, the Minister of Education and Science of the Kyrgyz Republic Dogdurkul Kendirbaeva proposed the development of cooperation in the field of developing a green economy and environmental education, supporting projects on artificial intelligence, digital technologies, e-commerce and innovative business models, as well as the continuous development of relevant projects in the field of biodiversity and climate change.

    The Minister of Education and Science of the Republic of Tajikistan Rahim Saidzod stated that as the level of informatization of the social sphere increases, Tajikistan will actively promote technological innovations and cooperation in various aspects, including neural networks, robotic automated production, 3D printing, etc.

    Minister of Education of Turkmenistan Jumamyrat Gurbangeldiev noted that Turkmenistan and China maintain an active intercultural dialogue, which has laid a solid foundation for the sustainable development of bilateral cooperation in the field of education.

    The Minister of Higher Education, Science and Innovation of the Republic of Uzbekistan Kongratbay Sharipov put forward an initiative to strengthen cooperation in the “China-Central Asia” format in the field of professional education in such specialized areas as agricultural engineering, green logistics, medical technologies, car maintenance, etc.

    Following the meeting, the Working Charter of the Mechanism of the China-Central Asia Education Ministers’ Meeting and the Urumqi Declaration of the China-Central Asia Education Ministers’ Meeting were adopted.

    The meeting announced the establishment of the China-Central Asia Alliance for the Integration of Education and Production and the Central Asian branch of the Global Institute for Teacher Education, as well as the launch of several projects in the research field.

    Meanwhile, a number of memorandums and agreements between educational institutions were signed at the event. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: UN chief hails US-China trade dialogue as ‘very positive’ for global economy

    Translation. Region: Russian Federal

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

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

    UNITED NATIONS, May 13 (Xinhua) — UN Secretary-General Antonio Guterres welcomed the recent trade talks between the United States and China, calling the dialogue a “positive” sign for the global economy.

    “We have always said that we do not want an escalation of the trade war. We want dialogue,” Stephane Dujarric, the UN chief’s spokesman, said at a briefing on Monday.

    “So this is obviously a good start,” he added, referring to the resumption of contacts between the two largest economies.

    S. Dujarric also reiterated A. Guterres’ position that trade conflicts are not beneficial to anyone. “I think the Secretary-General has made it very clear that no one wins in a trade war,” he said.

    A high-level China-US economic and trade meeting was held in Geneva, Switzerland over the weekend, with both sides reaching consensus on several key issues. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: IMF Reaches Staff-Level Agreement with the Democratic Republic of Congo (DRC) on the First Review under the Extended Credit Facility (ECF)

    Source: IMF – News in Russian

    May 13, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • The economy has been resilient, with economic growth reaching 6.5 percent in 2024, and projected to remain above 5 percent in 2025.
    • The escalation of the armed conflict in the eastern part of the country has placed significant strain on the budget, in addition to its severe humanitarian and social impact.
    • Credible revenue-enhancing measures, streamlining of non-priority spending, and accelerated reforms are critical to preserving the objectives of the ECF-supported program, which has been recalibrated to adapt to the new realities following the intensification of the conflict.

    Washington, DC: A staff team from the International Monetary Fund (IMF), led by Calixte Ahokpossi, IMF Mission Chief for the DRC, visited Kinshasa from April 30 to May 13, to hold discussions on the first review of the DRC’s economic and financial program supported by the IMF under the Extended Credit Facility (ECF).

    At the end of the discussions, Mr. Ahokpossi issued the following statement:

    “The DRC authorities and the IMF team have reached a staff-level agreement on the first review of the DRC’s three-year economic and financial program supported by the IMF under the ECF, subject to approval by IMF management and the Executive Board. Consideration by the IMF Executive Board is tentatively scheduled for end-June 2025.

    “Since the last quarter of 2024, the DRC has faced an escalation of the armed conflict in its eastern part. The intensification of hostilities has claimed thousands of lives and caused severe humanitarian, social, and economic harm, particularly in the occupied provinces of North Kivu and South Kivu.

    “Economic activity remained resilient, with robust GDP growth of 6.5 percent in 2024. Growth is projected to remain above 5 percent in 2025, driven by continued dynamism in the extractive sector. External stability has strengthened, underpinned by ongoing international reserves accumulation and a narrowing current account deficit—though still below the recommended adequacy level for import coverage. The resulting exchange rate stability observed since mid-2024, coupled with appropriately tight monetary policy, has helped ease inflationary pressures. Year-on-year inflation has returned to single-digit levels in April 2025, for the first time since July 2022.

    “On the fiscal side, the conflict escalation has placed significant strain on public finances. Spending overruns—driven by sharp increases in exceptional security spending, public investment, and transfers to provinces and public entities—were only partially offset by strong revenue collection. As a result, the domestic fiscal deficit exceeded its programmed ceiling at end-2024. For 2025, the closure of revenue collection offices in the occupied eastern regions, combined with the exemption of basic food products from VAT and customs duties to ease the cost of living, have led to a revenue shortfall. Budgetary strains have also intensified, as exceptional security spending remained elevated through end-April of 2025, and salaries for military and police were doubled since March to bolster troops’ morale.

    “The government has reaffirmed its commitment to the objectives of ECF-supported program, which has been recalibrated to reflect the new realities following the intensification of the conflict. This will help safeguard fiscal sustainability while enabling adequate fiscal space for pressing security and humanitarian needs without crowding out priority social and investment spending, especially in light of the suspension of a significant share of external humanitarian assistance. Offsetting revenue-enhancing measures and streamlining of non-priority spending—including a reduction in operating expenses of the government—have been identified and incorporated, along with expected additional concessional financing from the World Bank, into a draft 2025 supplementary budget Law to be submitted to Parliament. Additional concessional financing from development partners would be welcome.

    “Progress on the structural reform agenda is encouraging. Reforms focused on modernizing public financial management are advancing: the legal framework was strengthened to induce stricter adherence to the expenditure chain, though its implementation needs to be tightened. The authorities are making progress in meeting key milestones to operationalize the Treasury, gradually decentralizing spending authorization to line ministries, establishing a treasury single account, and transitioning to a resource-based fiscal framework aimed at shielding public spending from the volatility of extractive revenues. In addition, domestic revenue-enhancing efforts should be stepped up, including by expediting the roll-out of the standardized VAT billing system, adopting an action plan to increase domestic revenue mobilization, streamlining inefficient tax exemptions, curbing tax evasion through tighter oversight of mineral exports, and further intensifying the fight against customs fraud at the borders. Stronger spending efficiency, including through better public investment management and stricter control of payroll abuses, remains critical, along with measures in the area of governance and transparency—including in the extractive sector— to combat corruption, and improve the business environment.

    “Finally, the IMF staff urged the authorities to continue laying the groundwork for the timely implementation of the reform measures (RM) underpinning the Resilience and Sustainability Facility (RSF)–supported program. These RMs, coming due starting at the next review, are expected to help strengthen the DRC’s resilience to climate shocks while consolidating its role as a “solution country” in the global transition to a low-carbon economy.

    “The IMF staff would like to express its gratitude to the authorities, senior officials, technical staff, and various stakeholders—including representatives of the civil society, the private sector, and development partners—for their hospitality, continued support, and constructive discussions.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Tatiana Mossot

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/13/pr25140-democratic-republic-of-congo-imf-reaches-sla-with-drc-on-the-1st-review-under-ecf

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Russia: Denmark: Staff Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    May 13, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Copenhagen, Denmark:

    Denmark’s strong growth has continued, primarily driven by pharmaceutical exports, while domestic demand has remained relatively sluggish. Staff expects output growth to moderate in the near term as external demand weakens. Direct impacts from U.S. tariffs are expected to be limited, but heightened trade tensions and trade policy uncertainty pose risks to the outlook. Denmark’s robust institutions, competitive and relatively diversified economic structure, strong fiscal position, and highly educated workforce all reinforce its resilience to external shocks. In this context, the policy priorities are as follows.

    • Uphold fiscal sustainability amid rising defense and aging-related expenditures.
    • Ensure financial stability by vigilantly monitoring risks, maintaining a prudent capital-based macroprudential policy setting, and tightening borrower-based measures.
    • Further intensify structural reforms to support high levels of income and sustain the welfare state.

    Economic outlook and risks

    1. Staff anticipates a gradual moderation in GDP growth. Output growth is projected to decline from 3.7 percent in 2024 to 2.9 percent in 2025 and further to 1.8 percent in 2026. Export growth, including pharmaceutical exports, is expected to slow, while the full reopening of the Tyra natural gas and oil field will provide a temporary uplift. The U.S. is a key trading partner; however, exports produced in Denmark passing through customs account for only 3 percent of total exports, limiting the direct impact of U.S. tariffs on the Danish economy. Domestic demand is expected to gradually strengthen, driven by increased public expenditures and a modest recovery in private consumption due to improved consumer purchasing power. Beyond 2026, medium-term growth is projected at around 1.5 percent, reflecting a maturing pharmaceutical sector and a declining working-age population. Labor market pressures have eased, with inflation anticipated to stay around 2 percent.
    2. Risks to growth are on the downside. External risks dominate the outlook. A reversal of globalization, including higher trade barriers and deepening geoeconomic fragmentation, would put the Danish economy at risk. Global uncertainty, including the intensification of regional conflicts, would dampen consumer and business confidence, weighing on domestic demand. Upside risks to growth include a faster-than-expected resolution of trade and geopolitical tensions, as well as stronger pharmaceutical exports.

    Maintaining fiscal sustainability amid rising defense and aging-related spending

    1. The fiscal surplus is expected to decline significantly. In February, the authorities announced a temporary rise in defense spending from 2¼ percent of GDP in 2024 to 3¼ percent in 2025 and 2026, returning to 2¼ percent by 2033. This increase adds to already planned personal income tax cuts and increased expenditures related to health, long-term care, and climate. As a result, staff projects the overall surplus to fall from 4½ percent of GDP in 2024 to 1¼ percent in 2025 and further to ½ percent of GDP in 2026. Although labor market pressures have eased, and fiscal multipliers for the planned measures are likely to be low, the resulting fiscal stimulus could be stronger than warranted by macroeconomic circumstances. Given these risks, the authorities should continue to exercise robust spending controls and save any revenue above budget forecasts for the remainder of 2025.
    2. Given Denmark’s robust fiscal position, the announced temporary increase in defense spending is manageable from a public finance sustainability perspective. Denmark has long anticipated rising spending pressures from an aging population and has successfully reduced its debt-to-GDP ratio to below 30 percent, down from nearly 50 percent a decade ago. Furthermore, a significantly higher-than-expected fiscal surplus in 2024 provides additional room to accommodate the increased defense spending. In the staff’s baseline scenario, the structural balance is expected to remain above the -1 percent of GDP floor over the medium term, consistent with Denmark’s fiscal rules and a stable debt-to-GDP ratio.
    3. However, significantly higher and more persistent increases in defense spending would require adjustment measures to ensure long-term fiscal sustainability. These adjustment measures should be growth-friendly while ensuring fairness to preserve the welfare state. Specifically:
    • While both expenditure and revenue measures should be explored, given the already high tax burden, priority should be given to spending measures. To this end, an in-depth assessment of expenditures should be conducted to identify low-priority or inefficient spending, as well as the opportunity to enhance public administration efficiency by leveraging digitalization and AI.
    • Structural reform programs should be vigorously pursued to boost labor supply and enhance productivity. In this context, further raising the retirement age in line with improved life expectancy is vital to ensure fiscal sustainability.
    • The structural balance floor of -1 percent of GDP under current national fiscal rules should be respected.

    Safeguarding financial stability

    1. Although systemic risks have been contained, heightened global risks warrant continued vigilance in monitoring financial sector risks. Banks are well-capitalized, with strong profitability, asset quality, and liquidity. To further strengthen the resilience of the financial system, the authorities should (i) ensure that banks maintain robust provisioning practices for credit risks, including a thorough examination of International Financial Reporting Standards (IFRS) 9 modeling practices; (ii) complete the ongoing review of internal ratings-based models promptly, followed by supervisory actions based on the results, and implement the EU’s CRR III/CRD VI as planned; (iii) continue efforts to enhance resilience against cyberattacks; and (iv) ensure that the Financial Supervisory Authority is adequately staffed across a full range of skills and experiences to deliver its mandates.
    2. Capital-based macroprudential policy is broadly appropriate, but borrower-based measures should be tightened to address pockets of vulnerabilities. Given heightened global risks and the fragile commercial real estate (CRE) sector, the 2.5 percent countercyclical capital buffer (CCyB) and the 7 percent sector-specific systemic risk buffer, introduced in June 2024 to mitigate risks in the CRE sector, should remain in place for now. To address pockets of vulnerabilities in mortgages, the authorities should consider lowering the maximum loan-to-value ratio below the current 95 percent. In addition, incentives for bigger mortgages should be reduced by lowering the tax deductibility of mortgage interest expenses.
    3. The risks posed by non-bank financial institutions (NBFIs) should be closely monitored and assessed. The authorities have increased their focus on the NBFI sector in financial stability assessments. Given the considerable size and extensive interconnectedness of NBFIs within the financial system, as well as their susceptibility to market vulnerabilities, the authorities should continue strengthening the oversight framework for NBFIs. Key priorities include: (i) finalizing the supervisory order on the stress-testing framework for insurance and pension firms; (ii) developing a framework for systemic risk assessment that covers both banks and NBFIs; and (iii) ensuring that insurance and pension companies provide clear advice to clients about financial and longevity risks when selling non-guaranteed products.
    4. Addressing outstanding recommendations in the 2020 Financial Stability Assessment Program would further strengthen financial sector oversight and crisis management. The authorities have made significant strides in implementing numerous recommendations, especially in bank and insurance supervision and systemic liquidity. Important outstanding recommendations relate to systemic risk oversight and the governance of the resolution authorities.

    Pursuing structural reforms

    1. Structural reforms should be further intensified to sustain high levels of income, preserve fiscal space, and sustain the welfare state. Over the past several decades, Denmark has benefited significantly from globalization, including reduced trade barriers and expanded global value chains. However, these conditions may shift due to rising geopolitical and trade tensions. An aging population would also weigh on potential growth. All these concerns underscore the pressing need for Denmark to reinforce structural reform efforts. Specifically,
    • Strengthening policies to support entrepreneurship while harnessing the benefits of digitalization and Artificial Intelligence (AI). Staff welcomes the progress made in implementing a new entrepreneurship strategy launched in June 2024 to support start-ups and scale-ups. Denmark excels in digitalization and is well-positioned to leverage the benefits of AI. In this regard, the authorities should continue reviewing the legal and technical barriers to AI adoption while ensuring sound ethical principles. While Denmark’s flexicurity model is well-suited to facilitate possible labor reallocation across sectors, the implications of digital technologies on labor markets, including job displacement, should be closely monitored.
    • Continuing efforts to ensure a sufficient labor supply with the right skills, such as IT, health, and long-term care professionals. The authorities’ ongoing focus on labor market reforms is appropriate, including recent initiatives to (i) reform education curricula to equip students with digitalization skills; (ii) enhance vocational education and training; and (iii) make the active labor market policy framework more cost-effective while maintaining the strengths of the Danish flexicurity model. Other policy priorities include: (i) aligning the foreign worker recruitment schemes, especially the salary requirement limit and the positive list, with labor market needs; and (ii) ensuring the effectiveness of integration programs to help foreign workers and families successfully integrate into Danish society.
    1. A deeper EU single market could boost Denmark’s business dynamism and potential growth. The EU single market, Denmark’s most important trade area, is fragmented. Deepening EU integration will enhance the benefits of economies of scale and network effects, thus expanding the market for Danish businesses. Simultaneously, the authorities should make efforts to reduce domestic regulatory burdens on businesses (e.g., reporting requirements) while balancing the costs and benefits of these regulations. Denmark’s commitment to supporting multilateral and transparent trade policies that promote mutually beneficial cooperation in global trade, knowledge, and investment flows is commendable.
    2. Strengthening climate adaptation will support sustainable growth. Due to its coastal location and flat topography, Denmark is particularly vulnerable to sea level rise, storm surges, and coastal erosion, necessitating a well-designed long-term adaptation plan. The government is developing National Climate Adaptation Plan II, which focuses on enhanced coastal and groundwater protection, urban flood management, and the assessment of infrastructure needs, including financing responsibilities among central and local governments and the private sector. Simultaneously, the authorities are encouraged to reform the property insurance scheme (“Storm Surge Scheme”) to make insurance premiums risk-based.

    The mission thanks the authorities and private sector counterparts for their accommodative flexibility, warm hospitality, and candid and high-quality discussions. The IMF team is especially grateful to the Danmarks Nationalbank for its assistance with meeting and logistical arrangements.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Boris Balabanov

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/12/mcs-denmark-staff-concluding-statement-of-the-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI United Nations: 13 May 2025 Departmental update WHO publishes surgical sub-group membership for caesarean section recommendations

    Source: World Health Organisation

    Caesarean sections are the most frequent major abdominal surgery performed in the world today. The worldwide proportion of women who give birth by caesarean section has steadily increased from 6% in 1990 to 21% in 2018 and is estimated to reach 30% in 2030.  Projections indicate that 38 million women will give birth by caesarean section in 2030, and 88% of these operations will occur in low- and middle-income countries (LMICs).

    A caesarean section is a complex operation that requires a series of preoperative, intraoperative and postoperative steps that can be broadly classified into surgical, medical and anaesthetic interventions. As with any surgery, caesarean sections are associated with short- and long-term risks which can extend many years beyond the current delivery and affect the health of the woman, her child and future pregnancies. These risks are higher in women with limited access to comprehensive obstetric care. 

    To improve the quality of care, safety and efficiency, as well as training and research on caesarean sections, it is important to standardize practices based on the best available evidence. At present, there is no international evidence-based consensus about what precise steps should be used when performing a caesarean section, and wide variations exist in practices within and between surgeons, hospitals and countries.

    In this context, the World Health Organization (WHO) will develop recommendations for evidence-based interventions to conduct caesarean sections. The Technical Advisory Group (TAG) for WHO Maternal and Perinatal Health (MPH) guidelines prioritized the development of this guideline in May 2024.

    A Guideline Development Group (GDG) meeting of a surgical subgroup will be held from 10 to 12 June 2025 to review and agree on the surgical interventions to be addressed in these forthcoming recommendations. In keeping with the requirements of the WHO Guidelines Review Committee and the WHO Compliance, Risk Management and Ethics Office, we are posting online short biographies of the GDG members. The listed candidates have also submitted a Declaration of Interest form stating any conflict of interests. WHO has applied its internal processes to ensure that the performance of the above tasks by members of this group will be transparent and without any significant conflict of interests (academic, financial or other) that could affect the credibility of the guideline.

    Nevertheless, WHO invites the public to review the experts and stakeholders involved and provide feedback regarding any member deemed to have a significant conflict of interest with respect to the terms of reference for this group. Comments and feedback should be cordial and constructive, and sent to srhmph@who.int.

    This WHO normative meeting is by invitation only.

    NOTE:

    The GDG members are participating in the meeting on their individual capacity. Affiliations are presented only as a reference. The participation of experts in a WHO meeting does not imply that they are endorsed or recommended by WHO nor does it create a binding relationship between the experts and WHO. The biographies have been provided by the experts themselves and are the sole responsibility of the inpiduals concerned. WHO is not responsible for the accuracy, veracity and completeness of the information provided. In accordance with WHO conflict of interest assessment policy, expert’s biographies are published for transparency purposes. Comments and perceptions are brought to the knowledge of WHO through the public notice and comment process.   

    Comments sent to WHO are treated confidentially and their receipt will be acknowledged through a generic email notification to the sender. Please send any comments to the following email: srhmph@who.int. WHO reserves the right to discuss information received through this process with the relevant expert with no attribution to the provider of such information. Upon review and assessment of the information received through this process, WHO, in its sole discretion, may take appropriate management of conflicts of interests in accordance with its policies. 

    MIL OSI United Nations News

  • MIL-OSI USA: Preserving Medicaid Funding for Vulnerable Populations – Closing a Health Care-Related Tax Loophole Proposed Rule

    Source: US Department of Health and Human Services

    Section 1902(a)(2) of the Social Security Act (the Act) requires states to share the responsibility of financing the Medicaid program with the federal government, by providing at least 40 percent, depending on the state, of reimbursement for expenditures under the state plan. There are several ways states can finance the non-Federal share, including health care-related taxes under section 1903(w) of the Act. States have historically looked for ways to shift this responsibility more toward the federal government, and both Congress and CMS have sought to address these cases.[1]

    MIL OSI USA News

  • MIL-OSI USA: After more than a decade of little change, U.S. electricity consumption is rising again

    Source: US Energy Information Administration

    In-brief analysis

    May 13, 2025


    In our latest Short-Term Energy Outlook, we forecast U.S. annual electricity consumption will increase in 2025 and 2026, surpassing the all-time high reached in 2024. This growth contrasts with the trend of relatively flat electricity demand between the mid-2000s and early 2020s. Much of the recent and forecasted growth in electricity consumption is coming from the commercial sector, which includes data centers, and the industrial sector, which includes manufacturing establishments.

    U.S. electricity consumption was essentially flat for nearly two decades. Electricity demand increases generally associated with population growth and economic growth were offset by efficiency improvements and other structural changes in the economy, such as the transition from manufacturing to service sectors that tend to consume less energy. Total electricity consumption includes sales to ultimate customers in the residential, commercial, and industrial sectors, and—to a lesser extent—sales to public transportation customers and the direct use of electricity at industrial facilities that produce power.

    More recently, U.S. electricity consumption has increased since a relative low point in 2020. From 2020 through the end of our short-term forecast in 2026, we expect electricity consumption to grow at an average rate of 1.7% per year. The commercial and industrial sectors grow faster in the forecast, at an average of 2.6% and 2.1% per year, respectively. Forecast electricity sales to the residential sector, which largely depend on year-to-year temperature fluctuations, grow on average 0.7% between 2020 and 2026.


    Expected electricity demand growth is spurring expansion in generating capacity and electricity storage. Much of this additional capacity is from solar and battery storage facilities. The new generating capacity is concentrated in Texas, California, the upper Midwest, and the Northeast.


    Electric utilities, grid operators, regulators, and other stakeholders are also committing to energy efficiency and demand response programs, according to analysis conducted by the Federal Energy Regulatory Commission and based on our utility spending data. In addition, utilities are expanding networks of high-voltage transmission lines to maintain system balancing and to ensure reliable electric service.

    Principal contributors: Mark Schipper, Tyler Hodge

    MIL OSI USA News

  • MIL-OSI USA: What They’re Saying: Investing in NYC Transportation

    Source: US State of New York

    overnor Kathy Hochul recently signed new legislation as part of the FY26 Enacted Budget to make transformative investments in transportation infrastructure. In keeping with her record of leading on pro-transit investments, the FY26 Enacted Budget includes historic investments in New York City’s public transportation system with the biggest capital investment in New York’s transportation history by fully funding the Metropolitan Transportation Authority’s (MTA) $68.4 billion 2025-29 Capital Plan.

    State Senator Jeremy Cooney said, “Millions of New Yorkers rely on the MTA every day, both passengers downstate and manufacturers upstate who rely on MTA contracts to support their employees. This budget is forward thinking about the future needs of the MTA and I’m grateful for Governor Hochul’s leadership in making these investments possible to create the kind of modern system New Yorkers deserve.”

    State Senator Brad Hoylman-Sigal said, “A functioning public transit system is essential to a functioning New York City and State. I applaud Governor Hochul, Majority Leader Stewart-Cousins, and Speaker Heastie for working together to fully fund the MTA’s $68.4 billion Capital Plan. Under this agreement we will be able to make more subway stations accessible, including many stations in my district, modernize the signal system to reduce wait times, and purchase more electric buses. These changes will make a tremendous difference to the millions of people across the tristate area who use our public transit system every single day.”

    State Senator Andrew Gounardes said, “It’s never been more important to invest in our transit system. With so much uncertainty in Washington, New Yorkers are looking to us to offer the safe, reliable, accessible service that they need and deserve. That means new trains, upgraded signals, and long-overdue investments in station elevators and other improvements. This is a long-term investment in the future of our city, our economy and our communities, and I’m glad to work with Governor Hochul and my colleagues in the legislature to deliver it.”

    State Senator Robert Jackson said, “Our subways and buses are not luxuries—they are lifelines. Fully funding the MTA’s Capital Plan is more than an investment in concrete and steel; it’s a commitment to working people, to mobility, to equity. For the essential workers who kept this city alive, for the students racing to class, for the elders who deserve dignity in every ride—this is what putting people first looks like. This robust investment will help the MTA deliver on that promise: expanding ADA accessibility at subway stations across the district I serve, upgrading to clean electric bus fleets, and strengthening the rails and roads that keep my constituents moving. I’m proud to support a plan that moves New Yorkers forward—not just in transit, but in justice.”

    State Senator Cordell Cleare said, “We are hoping that this funding will extend to much needed projects like the Second Avenue Subway expansion, and other long-requested and necessary MTA accessibility upgrades and transportation alternatives, plus efforts to comply with the Americans with Disabilities Act (ADA), and pressing forward with modernizing the subway system and improving overall air quality. My constituents in the 30th District are awaiting the implementation of these improvements.”

    State Senator Kristen Gonzalez said, “I’m proud to have advocated for the full funding of the $68 billion MTA Capital Plan. This pro-transit investment will result in infrastructure improvements that will benefit my constituents, including Midtown tunnel upgrades and Communications-Based Train Control (CBTC) modernization. I’m grateful to advocates, Majority Leader Stewart-Cousins, and Governor Hochul for this funding to move our city and state forward.”

    Assemblymember Deborah J. Glick said, “The MTA is vital not only to New York City residents who depend on it for their daily commute, but for the entire metro area. Many New Yorkers rely on the MTA to enter the city to work, dine, and recreate. Fully funding the MTA capital plan will provide the resources that are needed to expand and modernize services, while increasing the environmental benefits gained by supporting a reliable public transit system. I thank Governor Hochul for her work in securing this critical funding.”

    Assemblymember Rodneyse Bichotte-Hermelyn said, “Public transportation is critical for many of my constituents, and for the millions of New Yorkers (and beyond) who rely on MTA’s infrastructure to keep moving forward. I applaud Governor Hochul and my colleagues for passing this legislation to make critical, record-high investments to improve transit for all New Yorkers, with a fully-funded 2025-29 Capital Plan. These prudent policies and transformative investments will ensure New York City’s largest public transportation system is continually improving, modernizing, and making our commutes better – all while creating good-paying jobs.”

    Assemblymember Yudelka Tapia said, “This historic investment in our transit infrastructure is a game changer for the Bronx. Fully funding the MTA’s Capital Plan means safer and more reliable service for our residents who rely on public transportation every day. I’m proud to support a budget that delivers the resources our communities need.”

    Assemblymember Brian Cunningham said, “A fully funded MTA Capital Plan is an important step toward delivering the transit improvements our communities deserve. For residents in my district, systemwide investments in accessibility and upgraded infrastructure will mean more dependable service and stronger connections to opportunity. The Interborough Express will bring new, much-needed transit options to Brooklyn residents who have long lacked efficient cross-borough service. This plan lays the groundwork for meaningful improvements in my district of Crown Heights, Prospect Lefferts Gardens, Flatbush, as well as across New York City’s transit system.”

    Assemblymember Tony Simone said, “The 2025-2029 MTA Capital Plan is essential for both riders and our local economy. This historic investment by Governor Hochul and the Legislature will address the significant infrastructure issues our aging system faces, enabling it to make large strides towards becoming a truly 21st century system worthy of our great city.”

    Assemblymember George Alvarez said, “I want to thank Governor Hochul for her strong support for, and meaningful investment in, New York City’s public transit system. The Governor clearly understands that improvements in transit translate to more opportunity, a better quality-of-life, and a stronger economy for all New Yorkers.”

    New York City Comptroller Brad Lander said, “For decades, Albany underfunded the MTA and neglected the needs of our transit system, creating a multibillion-dollar backlog of deferred maintenance that led to several preventable system failures — most notably, the infamous ‘Summer of Hell’ in 2017. By fully funding the 2025-2029 Capital Plan, the FY2026 Budget brings much-needed stability to the MTA’s finances and will deliver billions in subway accessibility, safety, and state-of-good repair improvements. Thanks to the efforts of Governor Hochul and the Legislature, a more accessible, reliable, and safer transit system is finally within reach.”

    Manhattan Borough President Mark Levine said, “There is no New York City without mass transit, so I am thrilled that this year’s state budget will fully fund the MTA’s 2025-29 Capital Plan. This plan will improve service, safety, and reliability for the millions of New Yorkers who take transit every day, with investments like making at least 60 stations fully accessible, modernizing signals to speed up service, replacing 40+ year old subway cars, and more. I commend the Governor, legislature, and MTA for getting this done.”

    New York City Council Deputy Speaker Diana Ayala said, “I commend Governor Hochul for her leadership and commitment to strengthening public transit infrastructure across New York City. The full funding of the MTA’s $68.4 billion Capital Plan marks a historic investment that will directly benefit the people of East Harlem and the South Bronx—communities that rely heavily on our transit system every single day. This funding will improve service, accessibility, and safety, helping to close long-standing transit equity gaps and ensuring that our constituents can commute, work, and live with the reliability and dignity they deserve.”

    Council Member Gale Brewer said, “This investment in the MTA is a huge win for New Yorkers who rely on public transit every day. Fully funding the Capital Plan means safer, more reliable service, and long-overdue upgrades that will benefit every borough. I thank Governor Hochul for her leadership and continued commitment to a more equitable, accessible, and resilient transportation system.”

    Permanent Citizens Advisory Committee to the MTA Executive Director Lisa Daglian said, “The region’s riders have a lot to be thankful for in the state budget. Governor Hochul, Senate Majority Leader Stewart-Cousins and Assembly Speaker Heastie clearly understand the importance of the MTA to the millions of New Yorkers who use transit everyday, to our economy, and to employers across New York State. We are grateful for their steadfast support. Fully funding the 2025-29 MTA Capital Plan ensures the $1.5 trillion asset that keeps our region moving is kept in a state of good repair and brought into the 21st century – especially important in light of unwarranted threats to transportation programs from the federal government. Funding critical safety programs and support services will help riders feel and be safe underground — progressing what we have already begun to see. We look forward to continuing to work with Governor Hochul and the Legislature to advance more equitable access to affordable transit, especially for the New Yorkers who need it most.”

    Transportation Alternatives Executive Director Ben Furnas said, “A fully-funded MTA Capital Plan is existential for the future of our city. Congratulations to Governor Hochul and the legislature for their leadership. New York as we know it is only possible with mass transit. Our bridges and subways need to be brought into a state of good repair, and we need to be able to expand bus and train service in order to grow as a city without adding more cars to the road.”

    Brooklyn Center for Independence of the Disabled Executive Director Joe Rappaport said, “A fully funded 2025-2029 capital budget means the MTA will meet its legal requirement to add elevators at dozens of stations across the city. It will get the MTA closer to meeting its ultimate goal of making virtually all subway stations accessible, as it agreed to do as part of a 2022 settlement with disability advocates, including BCID. It’ll also pay for other improvements that all riders need, whether or not they have a disability. We applaud Gov. Hochul’s and the legislature’s vision in passing this vitally needed funding.”

    Regional Plan Association President and CEO Tom Wright said, “As RPA’s recent research has shown, the 2025-2029 MTA Capital Plan will enable the region’s 2.1 million riders who live in the MTA service area and regularly take transit to work to earn $187 billion in wages, powering the economy of the New York region. Thanks to the determination and dedication of Governor Hochul and the New York State Legislature, all the region’s riders will be able to rely on the vital infrastructure investments secured in this year’s New York State budget that will make taking transit more reliable, comfortable, safe, and accessible.”

    Riders Alliance Executive Director Betsy Plum said, “Public transit riders organized and Governor Hochul and the legislature heard us loud and clear. This budget builds on New York’s successful congestion relief program to keep fixing the subway that millions of us depend on every day. We’re grateful to the governor for her leadership in funding and maintaining a safe, affordable, reliable, accessible public transit system for all New Yorkers.”

    General Contractors Association of New York Executive Director Robert G. Wessels said, “We have worked hard in Albany, Washington, and right here in New York City to support funding for many MTA Capital Programs since its first five year plan in 1982, yet this one is particularly satisfying given its extraordinary level of investment. We commend the Governor for her efforts in getting this done, and our over 250 members and 25,000 skilled trades workers look forward to continuing to help New York rebuild and expand the nation’s premier transportation system.”

    New York Building Congress President and CEO Carlo Scissura said, “We are thrilled to see our partners in state government heed our industry’s call to ensure the MTA gets the funding it needs for the world class transit future New Yorkers deserve. Fully funding the MTA’s 2025–2029 Capital Program in the State Budget will generate over $106 billion in economic activity and support nearly 73,000 good-paying jobs across New York State, while delivering much-needed improvements to our transit infrastructure. The Capital Plan is essential to the continued growth of the region and is one of our strongest economic drivers. Building Congress members are ready to roll up their sleeves and get to work building a transportation network we can continue to be proud of. We thank Governor Hochul, Speaker Heastie, Majority Leader Stewart-Cousins, and the entire legislature for their leadership and commitment to New York’s future.”

    Felice Farber Executive Director Subcontractors Trade Association said, “We applaud Governor Hochul, Speaker Heastie, Majority Leader Stewart Cousins and the state legislature for their leadership in passing a budget that fully funds the MTA capital program. This critical investment not only ensures a safer, more reliable, and modernized transit system for millions of New Yorkers, but also fuels job growth and economic opportunity across the state. For subcontractors and small businesses, full funding means expanded access to projects, more predictable work pipelines, and a stronger foundation for long-term growth and innovation in the transportation infrastructure sector.”

    American Institute of Architects New York Chapter Executive Director Jesse Lazar said, “AIANY applauds Governor Hochul, Majority Leader Stewart-Cousins, Speaker Heastie, and the Members of the New York State Legislature for their demonstrated commitment to our public transportation system. This investment in the 2025-2029 Capital Plan will have critical impacts on the resiliency of our transit system with signal modernization and new rail cars as well as valuable expansion projects such as the Interborough Express. The design community is eager to continue its work with the MTA to ensure our region’s infrastructure is well-maintained and quality is prioritized.”

    Real Estate Board of New York President Jim Whelan said, “A world class transit infrastructure network is essential for attracting and retaining residents and businesses, and will help encourage investment for new real estate developments. REBNY commends the Governor and State Legislature for outlining a sustainable funding plan for the MTA as part of the budget.”

    Associated General Contractors of New York State President and CEO Mike Elmendorf said, “The fact that the enacted state budget fully funds the MTA Capital Program is welcome news for New York’s commuters and economy. This, coupled with the budget’s inclusion of increased funding for core NYSDOT capital needs and for local roads and bridges—highlights just how critical infrastructure is to our communities and economy. We commend Governor Hochul and the Legislature for recognizing this reality and for their forward-looking action.”

    American Council of Engineering Companies of New York President and CEO John T. Evers said, “New York’s economic future depends on the efficiency and effectiveness of our transportation systems, and that’s why we would like to applaud the steadfast leadership of Governor Kathy Hochul and our legislative leaders for their diligent work to significantly increase in the budget of $800 million for the state Department of Transportation’s Capital Plan and adopt the five-year MTA Capital Plan. This funding will enable necessary upgrades to our aging network of roads, bridges and tunnels statewide, ensuring millions of New Yorkers can move forward in a safer and more sustainable manner. Improving our infrastructure means improving our quality of life, and as leaders in design and engineering, our members commend our government partners for securing the funds to better protect generations to come.”

    MIL OSI USA News