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Category: Economy

  • MIL-OSI: Aemetis Biogas Completes $1.6 million of LCFS and D3 RIN Sales in April

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., May 01, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX), a diversified global renewable natural gas and biofuels company, announced today that the Aemetis Biogas subsidiary of the company completed $1.6 million of sales of California Low Carbon Fuel Standard (LCFS) credits and federal Renewable Fuel Standard D3 Renewable Identification Numbers (D3 RINs) during April 2025.

    The LCFS credits were generated for Q4 2024 at the default rate of -150 carbon intensity. A pending application to the California Air Resources Board (CARB) for seven digesters is in the final approval process, with approval expected this quarter in time for the next quarterly LCFS credit sale. The seven pending dairy digesters are expected to average lower than -350 carbon intensity, a significant increase of more than 120% of the number of LCFS credits that will be received by Aemetis Biogas after the completion of sale transactions compared to the -150 default pathway.

    “Aemetis Biogas production and revenues from dairy RNG continues to grow, with more biogas production from four more dairies planned to come online this quarter,” stated Eric McAfee, Chairman and CEO of Aemetis. “The expected adoption of 20 years of low carbon biofuel mandates in the next few months by CARB after completion of the OAL process is expected to increase the value of the LCFS credits rapidly, compounded by our expected approval of pathways for seven dairies that will increase the number of credits generated by those digesters by an estimated 120%.”

    Aemetis Biogas has signed agreements with 50 diaries and has 11 digesters operating to process waste from 12 dairies. An additional four dairies that supply one large biogas digester are planned to be operational in Q2 2025. The company has installed 36 miles of biogas pipeline, with environmental approval for 60 miles of biogas pipeline to be installed as dairy digesters are completed.

    Dairy RNG generates revenues from sale of the fuel, California LCFS credits, federal D3 RINs and federal Section 45Z production tax credits, in addition to federal Section 48 investment tax credits. In the past 18 months, Aemetis has received $70 million from the sale of $83 million of Section 48 investment tax credits to two corporate purchasers. Additional Section 48 investment tax credit sales are expected to be completed in the next few months as additional dairy digesters are completed.

    Starting in January 2025, Aemetis Biogas generated 45Z production tax credits from dairy RNG production. The sale of 45Z tax credits is in process, with the first sales expected to be completed in summer 2025.

    About Aemetis

    Headquartered in Cupertino, California, Aemetis is a renewable natural gas and biofuels company focused on the operation, acquisition, development, and commercialization of innovative technologies that support energy independence and security. Founded in 2006, Aemetis operates and is expanding a California biogas digester network and pipeline system to convert dairy waste into renewable natural gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that also supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year biofuels facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel biorefinery and a carbon sequestration project in California. For additional information about Aemetis, please visit www.aemetis.com.

    Safe Harbor Statement

    This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results; statements related to the development, engineering, financing, construction, timing, and operation of biodiesel, biogas, sustainable aviation fuel, CO2 sequestration, and other facilities; our ability to promote, develop, finance, and construct such facilities; and statements about future market demand and market prices and results of government actions. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to many risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to government policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.

    Company Investor Relations
    Media Contact:
    Todd Waltz
    (408) 213-0940
    investors@aemetis.com

    External Investor Relations
    Contact:
    Kirin Smith
    PCG Advisory Group
    (646) 863-6519
    ksmith@pcgadvisory.com

    The MIL Network –

    May 2, 2025

  • MIL-OSI: Bitcoin Depot Schedules First Quarter 2025 Conference Call for Thursday, May 15th at 10:00 am ET

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, May 01, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot (“Bitcoin Depot” or the “Company”) (NASDAQ: BTM), a U.S.-based Bitcoin ATM operator and leading fintech company, will hold a conference call and live audio webcast on Thursday, May 15th at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2025. Bitcoin Depot plans to release results before the market opens on the same day.

    Call Date: Thursday, May 15, 2025  
    Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)

    Phone Instructions
    U.S. and Canada (toll-free): 888-596-4144
    U.S. (toll): 646-968-2525
    Conference ID: 4520708

    Webcast Instructions
    Webcast link: https://edge.media-server.com/mmc/p/akdxpm7o

    A replay of the call will be available beginning after 2:00 p.m. Eastern time through May 22, 2025.

    U.S. & Canada (toll-free) replay number: 800-770-2030
    U.S. toll number: 609-800-9909
    Conference ID: 4520708

    If you have any difficulty connecting with the conference call, please contact Bitcoin Depot’s investor relations team at 1-949-574-3860.

    About Bitcoin Depot
    Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with over 8,400 kiosk locations as of February 25, 2025. Learn more at www.bitcoindepot.com. 

    Contacts:

    Investors 
    Cody Slach
    Gateway Group, Inc. 
    949-574-3860 
    BTM@gateway-grp.com

    Media 
    Brenlyn Motlagh, Ryan Deloney 
    Gateway Group, Inc.
    949-574-3860 
    BTM@gateway-grp.com

    The MIL Network –

    May 2, 2025

  • MIL-OSI: Nvni Group Limited Reports Record 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    ~ Record FY24 Revenue of R$193.3 Million, up 14.4% from 2023 ~

    ~ Delivered the Company’s First Operating Profit of R$16.5 Million ~

    ~ Significant Improvement in Adjusted EBITDA of R$57.4 Million, up 30% Compared to FY23 ~

    ~ Nuvini CEO Pierre Shurmann to Host Investor Webinar on Friday, May 9th, 2025 at 11:00a.m. Eastern Time ~

    NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Nvni Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer of private SaaS B2B companies in Latin America, today announced its financial results for the full year of 2024, highlighted by record revenue, improvements across KPIs and execution of M&A strategy.

    2024 Key Financial & Operational Highlights:

    • Record Net Operating Revenue of R$193.3 million, an increase of R$24.3 million, or 14.4%, compared to R$169.0 million for 2023, driven mainly by an increase in SaaS subscription revenue, increased customer retention and a growing client base.
    • Continued improvement in Gross Profit and Margin of R$122.5 million and 63.4% compared to $102.8 million and 60.8% for 2023.
    • Delivered the Company’s first Operating Profit of R$16.5 million, a sizeable improvement compared to a loss of R$(189.2) million during 2023.
    • Significantly Increased Adjusted EBITDA by R$13.1 million to R$57.4 million or 30% when compared to R$44.3 million during 2023.
    • Adjusted Free Cash Flow of R$22.5 million, an increase of R$31.9 million when compared to 2023.
    • Cash & Equivalents of R$18.0 million at year end compared to R$11.4 million at the end of 2023.
    • Improved churn of (2.9)% when compared to (3.3)% during 2023, marking improved client satisfaction and performance in relation to competition.
    • Recorded Client Lifetime Value (“LTV”) / Client Acquisition Cost (“CAC”): of 6x for the full year of 2024, an improvement compared to 4x for 2023.

    Subsequent Events:

    • Announced on March 18, 2025 that the Company entered into a term sheet for the acquisition of Munddi Soluções em Tecnologia Ltda. – ME (“Munddi”), an online platform that connects brands with consumers, suppliers, and retail chains based in São Paulo, Brazil. This acquisition, if completed, will mark the first of four planned for 2025 as part of Nuvini’s ongoing expansion strategy. The transaction is expected to close during the second quarter of 2025.

    CEO Commentary:

    “We are pleased to report our FY 2024 financial results highlighted by record revenues, operating profit, and substantial improvements across all of our KPIs, further showcasing our executional abilities to drive sustainable growth and optimize operational performance,” said Pierre Shurmann, CEO of Nuvini. “We continue to make meaningful strides to improve profitability while expanding our revenue base, as evidenced by our recently announced plans to acquire Munddi, which will be one of four targeted acquisitions during FY 2025,” he concluded.

    FY 2025 Outlook

    The Company reiterates its target of a minimum of four completed acquisitions in 2025.

    Nvni Group Limited Investor Webinar

    The Company will be hosting an Investor Webinar on Friday May 9th at 11:00a.m. Eastern Time during which Nuvini CEO, Pierre Shurmann, will deliver prepared remarks discussing financial results, strategic updates and FY25 outlook. A question-and-answer session will follow the presentation. To register for the Investor Webinar, please click here. Interested investors and analysts may submit questions in advance through 5:00pm ET on Thursday, May 8, 2025 to NVNI@mzgroup.us.

    Notes on KPIs

    Churn: Nuvini defines Churn for a given period as the percentage calculated from the clients lost over the total active clients of the previous period. Churn is a key performance measure that Nuvini uses to evaluate its clients’ satisfaction and its performance in relation to the competition.

    Client Lifetime Value (“LTV”) / Client Acquisition Cost (“CAC”): Nuvini’s marketing strategy is underpinned by disciplined, results-driven Client Lifetime Value (“LTV”) and Client Acquisition Cost (“CAC”) metrics. LTV is calculated as follows: (1/average of last 6 months churn rate)*(ARPU*Gross Margin). This provides insight to Nuvini management on the estimated lifetime value of a client over time. CAC is calculated as the sales and marketing expenses divided by the volume of new clients and provides insight on the total cost of client acquisition. Nuvini utilizes standard market premises to calculate LTV and CAC. These metrics provide Nuvini management guidance over the rate and timing of return on marketing investments. Nuvini believes enhances engagement, increases brand awareness and drives repeat purchase. Nuvini’s core brands each have a dedicated marketing team whose goal is to develop a bespoke strategy that engages existing business clients and drives awareness amongst new business clients. Additionally, Nuvini’s highly curated brand portfolio emphasizes a differentiated positioning and purpose for each of its brands in order to target a unique business client. Through a consistent focus on ensuring distinctive brand messaging, Nuvini seeks opportunities to redefine and reinvigorate its existing and acquired brands to appeal to targeted business segments.

    About Nuvini

    Headquartered in São Paulo, Brazil, Nuvini is the leading private serial software business acquirer in Latin America. The Nuvini Group acquires software companies within SaaS markets in Latin America. It focuses on acquiring profitable “business-to-business” SaaS companies with a consolidated business model, recurring revenue, positive cash generation and relevant growth potential. The Nuvini Group enables its acquired companies to provide mission-critical solutions to customers within its industry or sector. Its business philosophy is to invest in established companies and foster an entrepreneurial environment that would enable companies to become leaders in their respective industries. The Nuvini Group’s goal is to buy, retain and create value through long-term partnerships with the existing management of its acquired companies.

    Investor Relations Contact:

    Sofia Toledo
    ir@nuvini.co

    MZ North America
    NVNI@mzgroup.us

    Forward-Looking Statements

    Some of the statements contained in this press release include or may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies regarding the future. The forward-looking statements contained in this press release are based on current expectations and beliefs concerning future developments and their potential effects on Nuvini. There can be no assurance that future developments affecting Nuvini will be those that we have anticipated. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,” “may,” “likely,” “plan,” “probably” or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements contained in this press release include, but are not limited to, statements about the ability of Nuvini to: realize the benefits expected from this strategic partnership; achieve projections and anticipate uncertainties relating to the business, operations and financial performance of Nuvini, including (i) expectations with respect to financial and business performance, including financial projections and business metrics and any underlying assumptions, (ii) expectations regarding market size, future acquisitions, partnerships or other relationships with third parties, (iii) expectations on Nuvini’s proprietary technology and related intellectual property rights, and (iv) future capital requirements and sources and uses of cash, including the ability to obtain additional capital in the future; enhance future operating and financial results; comply with applicable laws and regulations; stay abreast of modified or new laws and regulations applying to its business, including privacy regulation; anticipate rapid technological changes; and effectively respond to general economic and business conditions.

    While forward-looking statements reflect Nuvini’s good faith beliefs, they are not guarantees of future performance. Nuvini disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could cause Nuvini’s future results, performance or transactions to differ significantly from those expressed in any forward-looking statement, please see the section “Risk Factors” of the Annual Report on Form 20-F filed by Nuvini with the U.S. Securities and Exchange Commission on April 30, 2025. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Nuvini.

    The MIL Network –

    May 2, 2025

  • MIL-OSI: Tessell mentioned in the 2025 Gartner® Survey Analysis: Enterprise Usage of Open-Source Database Report

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, May 01, 2025 (GLOBE NEWSWIRE) — Tessell, a multi-cloud DBaaS platform offering a comprehensive suite of database services, has been mentioned in the 2025 Gartner Survey Analysis: Enterprise Usage of Open-Source Database report.

    With 70% of enterprises planning to increase their reliance on open-source DBMS, Tessell’s expertise in delivering fully managed services across cloud platforms is well-aligned with industry trends. Tessell enables organizations to avoid vendor lock-in while maintaining high availability and security.

    “We believe Tessell’s inclusion in this Gartner report underscores our commitment to provide customer choice, governance, and differentiated data management capabilities,” said Bakul Banthia, Co-founder of Tessell. “As businesses increasingly look to open-source for flexibility and cost-efficiency, we are proud to be at the forefront.”

    Tessell’s platform is designed to make data management more intelligent, conversational, and scalable—supporting both transactional and analytical workloads with built-in AI, zero-downtime operations, and seamless multi-cloud integration. Enterprises using Tessell have reported up to 45% cost savings and performance improvements exceeding 50%, all while gaining AI-native capabilities to drive faster, smarter decision-making.

    Key differentiators of Tessell’s cloud infrastructure solution include:

    • AI-Driven Automation – Intelligent lifecycle management, performance tuning, and fault remediation, allowing teams to focus on innovation over infrastructure.
    • Conversational Data Management (CoDaM) – A next-gen interface enabling teams to manage and query databases through natural language, dramatically simplifying access and insight generation.
    • Multi-Cloud Flexibility – Native integrations with AWS, Azure, OCI, and Google Cloud, allowing organizations to avoid vendor lock-in.
    • Unified Data Ecosystem – Native connectivity across data lakes, warehouses, and real-time pipelines, enabling cross-functional data flow and governance.
    • Enterprise-Grade Security & Compliance – Including end-to-end encryption, zero RPO/RTO disaster recovery, and certifications for SOC 2, GDPR, and HIPAA.

    For more information about Tessell’s DBaaS platform, visit www.tessell.com. To access the full Gartner Survey Analysis: Enterprise Usage of Open-Source Database report, visit https://www.gartner.com/document-reader/document/6219987 (For Gartner subscribers only).

    Gartner, Survey Analysis: Enterprise Usage of Open-Source Database,Robin Schumacher, 27 February 2025

    GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

    Gartner Disclaimer:
    Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
    Gartner is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

    About Tessell
    Tessell is a multi-cloud DBaaS platform redefining enterprise data management with its comprehensive suite of AI-powered database services. By unifying operational and analytical data within a seamless data ecosystem, Tessell enables enterprises to modernize databases, optimize cloud economics, and drive intelligent decision-making at scale. Through AI and Conversational Data Management (CoDaM), Tessell makes data more accessible, interactive, and intuitive, empowering businesses to harness their data’s full potential easily.

    Media Contact
    Len Fernandes
    Firecracker PR for Tessell 
    len@firecrackerpr.com 

    The MIL Network –

    May 2, 2025

  • MIL-OSI: Apollo Closes its Debut Secondaries Fund at $5.4 Billion, Exceeding Target

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced the final close of Apollo S3 Equity and Hybrid Solutions Fund I (“ASEHS” or the “Fund”), the flagship equity secondaries drawdown strategy of Apollo’s Sponsor and Secondary Solutions (S3) platform, with approximately $5.4 billion in commitments. The final closing exceeded the target, reflecting strong support from a diverse group of global investors including pension funds, sovereign wealth funds, financial institutions and the Wealth segment. The new fund brings total capital raised across the Apollo S3 platform to nearly $10 billion since launching in August 2022.

    S3 and ASEHS seek to provide a holistic set of financing and liquidity solutions, including secondary investments, net asset value (NAV) loans, GP lending, staking and more, for private markets sponsors and investors across asset classes, leveraging Apollo’s expertise in private markets and global, integrated platform. Following record levels of secondary transaction activity in 2024, Apollo believes the Fund is well positioned to continue to address significant market needs for dynamic liquidity solutions for GPs and LPs while providing strong alignment with investors.

    Co-Heads of Apollo S3 Steve Lessar, Veena Isaac and Konnin Tam said, “We believe this successful fundraise solidifies S3 as a leading investment platform providing flexible capital solutions across the secondaries landscape. The strong support that we received from our global investors reflects our differentiated platform and strategy, our disciplined, partnership-oriented approach, as well as the vast and growing opportunity set in private market secondaries.”

    Apollo Co-President Scott Kleinman said, “We have made incredible progress since launching our S3 business unit less than three years ago, efficiently scaling a new business line in a high-growth market. The provision of liquidity solutions in a variety of formats to both sponsors and LP investors is an increasingly important part of the financial ecosystem, and we believe the S3 platform is positioned as a creative capital solutions provider of choice amid robust market demand.”

    Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Apollo in connection with the closing of ASEHS.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

    About Apollo S3

    S3 is Apollo’s Sponsor & Secondary Solutions business. S3 provides flexible capital solutions to asset managers and limited partners across the risk-reward spectrum. S3 is a natural extension of Apollo’s global investment platform, offering partner-oriented capital across asset classes including private equity, private credit, infrastructure and real estate. To learn more about S3, please visit http://www.apollos3.com/.

    Contacts

    Noah Gunn

    Global Head of Investor Relations

    Apollo Global Management, Inc.

    212-822-0540

    ir@apollo.com

    Joanna Rose

    Global Head of Corporate Communications

    Apollo Global Management, Inc.

    212-822-0491

    communications@apollo.com

    The MIL Network –

    May 2, 2025

  • MIL-OSI: LM Funding America Announces First Quarter 2025 Earnings Call for May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., May 01, 2025 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced that it has scheduled its first quarter 2025 earnings conference call and webcast for Thursday, May 15, 2025 at 8:00 AM EST.

    LM Funding will publish its first quarter 2025 results as well as an accompanying investor presentation the morning of May 15, 2025 before the call. A copy of the earnings release and investor presentation will be available on the Company’s Investor Relations website at https://www.lmfunding.com/investors.

    Conference Call Details:

    • Date: May 15, 2025
    • Time: 8:00 AM EST
    • Participant Call Links:
      • Live Webcast: Link
      • Participant Call Registration: Link

    About LM Funding America
    LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.

    For investor and media inquiries, please contact: 

    Investor Relations 
    Orange Group 
    Yujia Zhai 
    LMFundingIR@orangegroupadvisors.com

    The MIL Network –

    May 2, 2025

  • MIL-OSI: ImmunoGenesis Expands Phase 1a/b Trial of IMGS-001 for Advanced Solid Tumors to Ochsner MD Anderson Cancer Center

    Source: GlobeNewswire (MIL-OSI)

    First dual-specific PD-L1/PD-L2 antibody with cytotoxic killing function is designed to treat the many “immune-excluded” cancers that are resistant to existing immunotherapies

    Promising early signals of activity seen as Phase 1 dose escalation proceeds

    HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) — ImmunoGenesis, a clinical-stage biotechnology company developing innovative, science-driven immune therapies, and Cancer Focus Fund, LP, a unique investment fund established in collaboration with The University of Texas MD Anderson Cancer Center to provide funding and clinical expertise to advance promising clinical therapies, today announced expansion of the Phase 1a/b clinical trial of ImmunoGenesis’ lead candidate, IMGS-001, to Ochsner MD Anderson Cancer Center in southeastern Louisiana. IMGS-001 is a novel dual-specific PD-L1/PD-L2 antibody with cytotoxic killing function designed to treat immune-excluded, cold tumors that are resistant to existing immunotherapy. The Phase 1a/b trial is being partially funded by a previously announced investment from Cancer Focus Fund.

    “We are encouraged by the early performance of IMGS-001 as we proceed with Phase 1 dose escalation in patients with a variety of advanced solid tumors,” said James Barlow, President and CEO of ImmunoGenesis. “Initial low doses administered to date have been well-tolerated with no dose-limiting toxicities, and we’re seeing promising signs of clinical activity in patients who have failed prior treatments. Expanding our trial to Ochsner MD Anderson, with its excellent clinical research staff, will accelerate our progress toward establishing initial proof-of-concept and offering more patients access to this potentially groundbreaking approach.”

    While first-generation PD-(L)1 checkpoint inhibitors have become a mainstay of cancer treatment, more than half of all cancers are “cold” immune resistant tumors that do not respond to these immunotherapies. IMGS-001 is designed to unlock the potential of immunotherapy for a broader group of patients by targeting key mechanisms of immune resistance, using a single engineered molecule to overcome immunosuppression through cytotoxic killing function and optimizing the PD-1 pathway blockade. In preclinical studies, IMGS-001 demonstrated superior survival benefit and tumor growth inhibition compared to currently approved checkpoint inhibitors.

    The Phase 1a/b first-in-human, open-label, multicenter study (NCT06014502) includes a dose escalation and an expansion portion to evaluate the safety, pharmacokinetics, and preliminary anti-tumor activity of IMGS-001 in adult patients with locally advanced or metastatic solid tumors refractory to standard-of-care treatment. Anticipated tumor types in the dose expansion portion of the study include ovarian, colorectal, and triple-negative breast cancer.

    Daniel Johnson, MD, director of the Center for Innovative Cancer Therapies (Phase 1) at Ochsner MD Anderson and lead investigator of the IMGS-001 Phase 1a/b trial at Ochsner, noted, “My research focuses on advancing new strategies to combat immune checkpoint inhibitor resistance while minimizing immunotherapy-related side effects. IMGS-001 has a novel mechanism that has the potential to overcome the key resistance mechanisms in immune-excluded tumors. Based on the results of preclinical studies and the promising signals seen in trial participants to date, we believe IMGS-001 may have the potential to improve clinical response for patients with these difficult-to-treat cancers. We welcome the opportunity to participate in this trial and to make it available to eligible patients in our care.”

    Ochsner MD Anderson is part of a collaborative network of hospitals and health care systems dedicated to advancing MD Anderson’s mission to end cancer. Ochsner MD Anderson patients in southeastern Louisiana receive care based on the same protocols and practice standards provided at MD Anderson in Houston, Texas. Ochsner MD Anderson experts provide access to a full range of multidisciplinary cancer care options, as well as to clinical trials of investigational drugs, when appropriate. Ochsner’s Center for Innovative Cancer Therapies has been leading first-in-human Phase 1 oncology clinical trials since 2016.

    Ross Barrett, a founder and Managing Partner of Cancer Focus Fund, said, “We believe that IMGS-001 has the potential to treat the many tumors that are resistant to current immunotherapies, and we are delighted that the Phase 1a/b trial is expanding to Ochsner MD Anderson. At Cancer Focus Fund we are proud to work collaboratively with leading institutions whose efforts to advance innovative new cancer therapies are generating promising results.”

    About the IMGS-001 Phase 1a/b Clinical Trial
    The IMGS-001 Phase 1a/b trial is a first-in-human, open-label, dose-escalation and dose-expansion study to evaluate the safety, tolerability, pharmacokinetics, immunogenicity and preliminary anti-tumor activity of IMGS-001. Phase 1a is a dose-escalation study that aims to determine the safety, tolerability, and maximum tolerated dose (MTD) of IMGS-001 in adult patients with locally advanced or metastatic solid tumors refractory to appropriate standard-of-care treatments. Phase 1b is an open-label, dose-expansion cohort study of patients with prespecified tumors intended to further assess the safety and preliminary anti-tumor activity of IMGS-001.

    About IMGS-001
    IMGS-001 is a PD-L1/PD-L2 dual-specific inhibitor with engineered cytotoxic effector function. It is the first molecule to target PD-L2 in addition to PD-L1, potentially shutting down the entire PD-1 pathway and providing a superior blockade compared to other PD-1 or PD-L1 inhibitors. Its engineered effector function enables IMGS-001 to kill immunosuppressive PD-L1 and/or PD-L2-expressing cells present in the tumor microenvironment, providing the potential to overcome immune resistance in immune-excluded tumors. Preclinical data showed that IMGS-001 drove superior survival rates and tumor growth inhibition in head-to-head studies compared to currently available immunotherapies. With its cytotoxic killing function and superior blockade, IMGS-001 may provide a new foundation for combination immuno-oncology therapies. This Phase 1a/b study is being conducted with support from an investment from the Cancer Focus Fund, LP and the Cancer Prevention and Research Institute of Texas (CPRIT) DP200094.

    About Ochsner MD Anderson Cancer Center
    Ochsner MD Anderson Cancer Center provides patients in the South Gulf region with access to cancer treatments that are among the most advanced in the nation. As Louisiana’s leader in cancer care, Ochsner Health has joined forces with MD Anderson, the nation’s leader in cancer care, to bring an enhanced level of comprehensive cancer care to patients. Ochsner is the first and only provider in Louisiana with a fully integrated cancer program based on MD Anderson’s standards and treatment plans. It offers customized treatment plans with access to cutting-edge technology, a multidisciplinary approach, and potential access to clinical trials.

    About Ochsner Health
    Ochsner Health delivers health to the people of Louisiana, Mississippi and the Gulf South with a mission to Serve, Heal, Lead, Educate and Innovate. It is the leading nonprofit healthcare provider in the Gulf South, delivering expert care at its 46 hospitals and more than 370 health and urgent care centers. In 2024, Ochsner Health cared for more than 1.6 million people from every state in the nation and 63 countries, and for 13 consecutive years, U.S. News & World Report has recognized Ochsner as the No. 1 hospital in Louisiana. Ochsner Health is innovating healthcare by investing in new technologies and research to make world-class care more accessible, affordable, convenient and effective.

    About ImmunoGenesis
    ImmunoGenesis is a clinical-stage biotech company dedicated to transforming immuno-oncology by targeting key mechanisms of immune resistance. The company’s lead product, IMGS-001, is a cytotoxic, dual-specific PD-L1/PD-L2 antibody currently in a Phase 1a/b clinical trial for the treatment of immune-excluded (“cold”) tumors, which account for more than half of all cancers. In addition to its lead program, the company is developing a number of novel approaches to overcome immune resistance in cold tumors. ImmunoGenesis designs therapies to address the pathology of these tumors, overcoming immune exclusion to elicit a robust immune response. For more information, visit immunogenesis.com

    About Cancer Focus Fund
    The Cancer Focus Fund LP is a unique investment fund established in collaboration with The University of Texas MD Anderson Cancer Center. The fund provides investment support to advance promising cancer therapies that are close to being tested in humans or are in early clinical development, along with the clinical trial expertise and infrastructure of MD Anderson and strategic partners Ochsner Health System Precision Cancer Therapies Program New Orleans and the LSU Feist Weiller Cancer Center Shreveport. The Fund’s objective is to leverage this unique combination to provide investors with superior risk-adjusted returns. In collaboration with MD Anderson, the Cancer Focus Fund provides both capital and translational research expertise with the goal of accelerating the development of novel cancer therapies that result in better outcomes for patients while generating returns for investors.

    Disclosures
    The University of Texas MD Anderson Cancer Center’s relationships with Cancer Focus Fund and ImmunoGenesis, and all research conducted at MD Anderson related to these relationships, has been identified as institutional financial conflicts of interest by MD Anderson’s Institutional Conflict of Interest Committee and therefore are managed under Institutional Conflict of Interest Management and Monitoring Plans.

    Contacts

    ImmunoGenesis
    Corporate
    James Barlow
    President and CEO
    James.barlow@immunogenesis.com

    Cancer Focus Fund
    Corporate:
    Ross Barrett
    Managing Partner
    ross@cancerfocusfund.com

    Media:
    Barbara Lindheim
    BLL Partners for Cancer Focus Fund
    blindheim@bllbiopartners.com
    (917) 355-9234

    The MIL Network –

    May 2, 2025

  • MIL-OSI: Top KingWin Ltd Announces 1-For-25 Reverse Share Split

    Source: GlobeNewswire (MIL-OSI)

    Guangzhou, China, May 01, 2025 (GLOBE NEWSWIRE) — Top KingWin Ltd (“Top KingWin” or the “Company”) (Nasdaq: WAI) today announced that it will effect a reverse share split of its outstanding class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), at a ratio of 1-for-25, to be effective at the open of business on Monday, May 5, 2025. 

    Our Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market (“Nasdaq”) on or around Monday, May 5, 2025. Following the reverse share split, the Ordinary Shares will have a new par value of $0.0025 per share and will continue to trade on Nasdaq under the symbol “WAI” with the new CUSIP number, G8923U111. The reverse share split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per Ordinary Share for continued listing on Nasdaq.

    No fractional shares will be issued in connection with the reverse share split and all such fractional interests will be rounded up to the nearest whole number of Ordinary Shares. In addition, the reverse share split will apply to the Ordinary Shares issuable upon the exercise of the Company’s outstanding derivative securities, with proportionate adjustments to be made to the exercise prices and number of derivates thereof and under the Company’s equity incentive plans.

    The reverse share split will reduce the number of issued and outstanding shares of the Company’s Ordinary Shares from approximately 180 million to approximately 7.2 million.

    On April 22, 2025, the shareholders of the Company approved the reverse share split of the Ordinary Shares, at a ratio of 1-for-25.

    VStock Transfer, LLC is acting as the exchange agent and paying agent for the reverse share split. Shareholders holding their shares in book-entry form or in brokerage accounts need not take any action in connection with the reverse share split.

    VStock Transfer, LLC will provide instructions to any shareholders with certificates regarding the process in connection with the exchange of pre-reverse share split share certificates for ownership in book-entry form or share certificates on a post-reverse share split basis. Shareholders are encouraged to contact their bank, broker or custodian with any procedural questions.

    About Top KingWin Ltd

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

    Forward-Looking Statements

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

    For more information, please contact:

    Bonnie

    Email: IR@tcjhgw.cn

    The MIL Network –

    May 2, 2025

  • MIL-OSI: Monarch Private Capital Wins Capital Finance International Award for Excellence in Tax Equity Impact Investing USA 2025

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, May 01, 2025 (GLOBE NEWSWIRE) — Monarch Private Capital (Monarch) is proud to announce it has received the 2025 Award for Excellence in Tax Equity Impact Investing USA from Capital Finance International (CFI.co). This prestigious recognition highlights Monarch’s leadership in leveraging tax equity financing to catalyze high-impact investments across clean energy, historic rehabilitation, and affordable housing.

    Since 2005, Monarch has generated over $7 billion in tax credits through more than 900 projects, strengthening communities and accelerating the clean energy transition. The CFI.co judging panel recognized Monarch’s exceptional technical, financial, and legal diligence, comprehensive investor disclosures, and tailored investment strategies as setting a new standard in the field.

    A standout component of Monarch’s offering is its proprietary asset monitoring software, designed over three years to deliver customized performance tracking and robust quarterly and annual reporting. The firm’s approach integrates change-of-law protections, policy engagement, and individualized investment structuring, aligning with investor risk profiles and long-term sustainability goals.

    “Tax equity is a vital financial tool that fuels the growth of clean energy, affordable housing and historic rehabilitation in the U.S.,” said George Strobel, Partner, Co-Founder and Co-CEO of Monarch Private Capital. “We are honored to receive this recognition from CFI.co, which reflects not only our technical and fiduciary rigor but also the mission-driven culture that inspires our team to drive impact every day. Monarch remains committed to delivering tailored, high-integrity investments that support our investors’ goals while advancing critical national priorities.”

    The CFI.co judging panel also recognized Monarch’s exceptional talent retention and long-standing relationships with investors and developers, crediting these strengths for its success in structuring resilient, high-performing investment vehicles.

    “Monarch Private Capital exemplifies the transformative potential of tax equity impact investing,” said Anthony Michael, Publisher at CFI.co. “Their deep commitment to transparency, investor alignment, and measurable outcomes distinguishes them as a true industry leader. We’re pleased to celebrate Monarch’s achievements with this year’s award for Excellence in Tax Equity Impact Investing in the U.S.”

    For more information about the award, visit: https://cfi.co/awards/finance/2025/monarch-private-capital-excellence-in-tax-equity-impact-investing-usa-2025/

    To learn about Monarch Private Capital, visit www.monarchprivate.com.

    About Monarch Private Capital

    Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs, and homes. The funds provide predictable returns through the generation of federal and state tax credits. The Company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film, and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.

    CONTACT

    Jane Rafeedie

    Monarch Private Capital

    Jrafeedie@monarchprivate.com

    470-283-8431

    The MIL Network –

    May 2, 2025

  • MIL-OSI: Sunrun’s Distributed Power Plant Quadruples in Size to 75,000 Solar-Powered Batteries to Support California’s Grid

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, May 01, 2025 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, announced today that its CalReady power plant has more than quadrupled in size as the summer heat begins to stress the state’s energy grid. More than 56,000 Sunrun customers’ solar-plus-battery systems—totaling approximately 75,000 batteries—will provide critical energy to California’s grid during times of high energy prices, heat waves, and other grid emergency events while simultaneously lowering energy costs for all ratepayers.

    “Sunrun is leading the transformation of the energy grid with a customer-led revolution to a more reliable, energy independent way to power their homes while at the same time being a solution to help other Californians who rely solely on the grid,” said Sunrun CEO Mary Powell. “The expansion of CalReady highlights our increasing role as a critical energy provider and underscores the system-wide value we’re delivering to ratepayers, utilities, and the grid.”

    Sunrun’s CalReady power plant is the largest home storage aggregation in the California Energy Commission’s Demand Side Grid Support program. CalReady is available to support the state’s grid each day from 4 to 9 p.m. from May through October. This is the second year that Sunrun has operated CalReady as the nation’s largest virtual power plant.

    In 2024, Sunrun’s CalReady power plant enrolled over 16,000 households and delivered an average of 48 megawatts of stored solar energy to the grid during summer heat waves, reaching an instantaneous peak of 54 megawatts. This year, CalReady’s power output has more than quadrupled and is expected to deliver an average of 250 megawatts per two-hour event, with the ability to reach an instantaneous peak of up to 375 megawatts—enough to power approximately 280,000 homes, equivalent to all of Ventura County, California.

    “Sunrun has created one of the largest batteries in the country, rivaling large-scale utility projects but without taking up additional land or requiring costly new infrastructure,” Powell added. “CalReady’s decentralized nature eliminates any potential single point of failure while offering greater resilience and flexibility for the state’s evolving energy needs.”

    Sunrun customers enrolled in CalReady are compensated up to $150 per battery for sharing their stored solar energy, and Sunrun is paid for dispatching the batteries. Last year, CalReady delivered more than $1.5 million in value to Sunrun customers and helped lower costs for all ratepayers, reduced pollution, and stabilized the grid for all electric customers in the state. This year, Sunrun customers are expected to collectively receive nearly $10 million for participating in the virtual power plant.

    “Being rewarded for sharing energy with the grid from our two batteries makes CalReady a no-brainer,” said San Jose resident and Sunrun customer Tom Weldon. “This will be our third year participating in Sunrun’s virtual power plants. We appreciate the relationships Sunrun develops with customers and utilities to create these programs that have mutual benefits. It’s a win all around.”

    Sunrun’s direct compensation to customers is a stark contrast to the double-digit utility rate hikes in California, which are growing faster than inflation and significantly faster than the average electricity rates across the country.

    “CalReady is unlocking meaningful opportunities for families to generate passive income from their existing storage and solar systems,” said Sunrun President and Chief Revenue Officer Paul Dickson. “Now in its second year, our rapidly growing power plant is proving that grid operators can depend on distributed energy resources to deliver reliable, cost-effective services at scale when critical emergency power is most needed.”

    The scale of CalReady is a direct result of Sunrun’s storage-first strategy. At the end of 2024, more than 60% of new Sunrun customers chose to add battery storage to their solar system. In California, the storage attachment rate was even higher at nearly 90%.

    Sunrun actively monitors and dispatches participating batteries, making it a hassle-free experience for customers enrolled in CalReady. For customers with outage protection, batteries will still retain, at minimum, a backup reserve of 20% so that they can continue to power their homes in the event of a local power outage.

    About Sunrun
    Sunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun’s innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at www.sunrun.com

    Media Contact
    Wyatt Semanek
    Director, Corporate Communications
    press@sunrun.com

    Investor & Analyst Contact
    Patrick Jobin
    SVP, Deputy CFO & Investor Relations Officer
    investors@sunrun.com

    The MIL Network –

    May 2, 2025

  • MIL-OSI: Bitdeer Announces First Quarter 2025 Earnings Conference Call for May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 01, 2025 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining, today announced that it has scheduled its first quarter 2025 earnings conference call and webcast for Thursday, May 15, 2025 at 8:00 AM EST. During the call, Bitdeer management will discuss the unaudited financial and operational results for the quarter ended March 31, 2025, followed by a question-and-answer session.

    Bitdeer will release the first quarter results before the call at approximately 7:00 AM EST on May 15, 2025. A copy of the earnings release will be available on the Company’s Investor Relations website at https://ir.bitdeer.com.

    Conference Call Information:

    • Date: May 15, 2025
    • Time: 8:00 AM EST / 8:00 PM SGT
    • Participant Call Links:
      • Live Webcast: Link
      • Participant Call Registration: Link

    Participants wishing to join the conference call by phone should register using the Participant Call Registration link provided above. After completing the registration, the participants will receive an email with the necessary details to access the call including dial-in number, passcode, and PIN. To ensure a timely start, the Company encourages all callers to connect about 5 minutes before the scheduled time.

    A live and archived webcast of the conference call will be available on the Investors section of Bitdeer’s website at https://ir.bitdeer.com.

    About Bitdeer Technologies Group

    Bitdeer is a world-leading technology company for Bitcoin mining. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

    Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

    For investor and media inquiries, please contact:

    Investor Relations
    Orange Group
    Yujia Zhai
    bitdeerIR@orangegroupadvisors.com

    Public Relations
    BlocksBridge Consulting
    Nishant Sharma
    bitdeer@blocksbridge.com

    The MIL Network –

    May 2, 2025

  • MIL-OSI: Liquidia Corporation to Report First Quarter 2025 Financial Results on May 8, 2025

    Source: GlobeNewswire (MIL-OSI)

    MORRISVILLE, N.C., May 01, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, announced today that it will report its first quarter 2025 financial results on Thursday, May 8, 2025. The company will host a webcast at 8:30 a.m. Eastern Time to discuss its financial results and provide a corporate update.

    The webcast will be available on Liquidia’s website at https://liquidia.com/investors/events-and-presentations. A rebroadcast of the event will be available and archived for a period of one year at the same location.

    About Liquidia Corporation
    Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of Liquidia’s lead candidate, YUTREPIA™ (treprostinil) inhalation powder, an investigational drug for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD).  The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer, and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.

    Contact Information

    Investors:
    Jason Adair
    Chief Business Officer
    919.328.4350
    jason.adair@liquidia.com

    Media:
    Patrick Wallace
    Director, Corporate Communications
    919.328.4383
    patrick.wallace@liquidia.com

    The MIL Network –

    May 2, 2025

  • MIL-OSI: XRP News: Buy $XDX Token On Presale Before Exchange Listing As Proshares XRP ETF Approval Gains Momentum

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 01, 2025 (GLOBE NEWSWIRE) — As the XRP ecosystem experiences its most bullish cycle in years, XenDex has emerged as the flagship DeFi project at the center of this surge. With ProShares’ XRP Futures ETF now approval underway, and growing speculation around its spot ETF counterpart, XRP’s role in institutional finance is being redefined and XenDex is perfectly positioned to ride this historic momentum.

    Amid this backdrop, XenDex has already filled its soft cap, pushing the project into its final presale phase. With major centralized exchange listings confirmed and token prices rising, investors are racing to secure $XDX tokens before the presale closes.

    Buy $XDX Now Before Pump

    Why Now Is the Time to Buy $XDX

    The $XDX presale isn’t just about getting in early, it’s about claiming a front-row seat to the future of decentralized finance on XRPL. With its growing demand, the token is now priced at:

    • 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP

    Buy Now Before the Presale Ends: https://xendex.net/presale

    Exchange Listings Secured

    Once the presale concludes, $XDX will be listed on several top-tier exchanges, including:

    • Binance
    • Gate.io
    • MEXC
    • BitMart
    • FirstLedger
    • MagneticX

    Purchase XDX And Earn Rewards

    What Is XenDex, And Why It’s Built for the Future

    XenDex is the first all-in-one decentralized exchange (DEX) on the XRP Ledger, created to fix the very problems that have limited DeFi on XRPL. It combines ease of use, performance, and innovation, making it perfect for everyone, from first-time users to institutional traders.

    Key Features:

    • AI-Powered Copy Trading – Mirror top traders in real time to reduce losses and maximize gains
    • Non-Custodial Lending & Borrowing – Earn rewards by borrowing and lending XRP and $XDX tokens
    • Cross-Chain Trading – Swap XRP seamlessly across chains like Solana, Ethereum, and BNB
    • Staking & Yield Farming – Earn passive income by supplying liquidity to XenDex pools

    With Ripple scoring back-to-back wins, including the SEC lawsuit withdrawal, ProShares’ XRP ETF approval, and Brazil’s first XRP Spot ETF greenlight, trust in the XRP ecosystem is soaring. As capital pours in, so does demand for XRPL-native platforms like XDX.

    Join XenDex Presale Now

    Join The XDX Holders Before The Price More

    Thousands have already joined the XenDex community across Telegram and X (Twitter), locking in their $XDX tokens before exchange listings go live. With the soft cap filled, token supply shrinking, and momentum building by the hour, this is your last best opportunity to buy before price pressure explodes.

    Visit Official XenDex Links

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ee262b4d-a28a-4fff-a855-ee6c3eac4199

    The MIL Network –

    May 2, 2025

  • MIL-OSI United Kingdom: FMQs: Scotland cannot afford more broken climate promises

    Source: Scottish Greens

    01 May 2025 Climate

    Climate inaction could leave Scotland billions of pounds poorer.

    More in Climate

    The First Minister must ensure that his Government does not backtrack their targets for tackling Scotland’s climate emergency, says Scottish Green co-leader Lorna Slater.

    Speaking at First Minister’s Questions, Ms Slater highlighted the importance of keeping promises when it comes to climate action, after news that the SNP have cut their car use reduction targets. 

    In her first question to the First Minister, Ms Slater said: 

    “As with their climate targets, the Scottish Government is not on track to meet its targets to cut car use. 

    “Instead of putting forward a practical plan for success, it sounds like their preferred solution is to just drop the target altogether. 

    “We urgently need to cut car use to tackle the climate emergency.

    “We need cheaper trains, buses and ferries to drive up passenger numbers.

    “We need better connections for rural communities.

    “And we need public ownership of bus services so that they are run for the people who use them, not for private profit.

    “Will the First Minister confirm, is the Scottish Government scrapping their car use reduction target?”

    Following a response from the First Minister, Ms Slater laid out the financial loss Scotland will face if our governments fail to take climate action now.

    In her second question, Ms Slater said: 

    “Scotland cannot afford any more broken promises on climate. 

    “If we don’t act now, economists have found that Scotland could be up to £140 billion poorer by 2035. 

    “People have been paying the price of a lack of progress to insulate our homes and move away from expensive gas heating, through their soaring energy bills 

    “There is no route to net zero by 2045 that doesn’t involve making our homes warmer and cheaper to heat by insulating them and replacing moving away from gas heating systems. 

    “Bold action is needed on climate to get Scotland back on track.

    “What new action will next week’s Programme for Government contain to reduce our sky high energy bills, and achieve the rapid cut needed in the use of fossil fuels?”

    MIL OSI United Kingdom –

    May 2, 2025

  • MIL-OSI USA: ICE investigation leads to indictment of Maryland man for supporting armed separatist groups in Cameroon

    Source: US Immigration and Customs Enforcement

    BALTIMORE – An investigation conducted by U.S. Immigration and Customs Enforcement, along with the FBI and the Diplomatic Security Service led to the federal indictment of Cameroonian national, Eric Tano Tataw, 38, of Gaithersburg, Maryland. Tataw, also known as “the Garri Master,” is charged with conspiring to provide material support to armed separatist groups in Cameroon and making threatening communications to injure or kidnap Cameroonian civilians.

    “The indictment of Eric Tataw reflects the unwavering commitment of U.S. Immigration and Customs Enforcement’s Homeland Security Investigations to combat transnational crime and pursue justice for victims around the world,” said ICE HSI Baltimore Special Agent in Charge Michael McCarthy. “Although residing in Maryland, Tataw is alleged to have played a significant role in promoting violence and human rights violations in Cameroon by supporting a separatist movement. These groups have been linked to heinous crimes against civilians, and this case highlights how such atrocities can be financed and directed from afar. HSI will continue to pursue those who facilitate violence—no matter where they are located—and I commend the dedicated agents, analysts, and prosecutors who worked tirelessly on this case. Together, we continue to uphold the rule of law — at home and abroad.”

    According to court documents, multiple armed and violent secessionist groups in the Northwest and Southwest regions of Cameroon are fighting to form a new country called “Ambazonia.” The armed separatist groups sought to achieve secession by not only attacking the Cameroonian military, but also intentionally attacking the civilian population in Cameroon to coerce and intimidate the Cameroonian government into allowing these regions to secede. These separatist fighters are frequently referred to as “Amba Boys.”

    As alleged in the indictment, Tataw was a citizen of Cameroon living in Maryland and was a member of the Cameroonian diaspora with a large social media following. Beginning no later than April 2018, Tataw conspired to provide material support and resources — including money, weapons, and personnel — to Amba Boys in Cameroon, and called for the murder, kidnapping, and maiming of Cameroonian civilians. Tataw and his co-conspirators directed the maiming of Cameroonian civilians by severing their limbs, a practice Tataw called “Garriing.” Tataw used the phrase “small Garri” to refer to removing fingers or other small appendages and the phrase “large Garri” to refer to removing large limbs or killing people. Additionally, Tataw referred to himself as the “Garri Master,” or master of mutilation.

    Tataw and his co-conspirators targeted those believed to be working for or collaborating with the government, including municipal officials, traditional chiefs, and employees of the Cameroon Development Corporation, a government-owned company that grew, processed, and sold bananas, palm oil, and rubber. As alleged, Tataw personally wrote hundreds of social media posts on Facebook, YouTube, and Twitter calling for attacks against Cameroonian civilians, seeking to raise funds to arm Amba Boys, and threatening those he viewed as cooperating with the Cameroonian government. These social media posts were regularly viewed by tens of thousands of people, including Amba Boys and their leaders, and were often further disseminated by third parties allegedly acting at Tataw’s direction or encouragement.

    Tataw and his co-conspirators solicited and raised funds to supply Amba Boys with firearms, ammunition, explosive materials, and other equipment for enforcing lockdown or “ghost-town” orders and carrying out violent attacks. A fundraising campaign, known as the “National AK Campaign,” was designed to arm each Amba Boy in Cameroon with an AK-47 rifle. From September 2018 through December 2020, Tataw and his co-conspirators raised more than $110,000. Tataw and co-conspirators transferred portions of these funds — either directly or through intermediaries — to Amba Boys located in Cameroon and neighboring Nigeria. Additionally, Tataw communicated directly with Amba Boy leaders on the ground in Cameroon. Tataw also, on multiple occasions, personally took credit for Amba Boys murdering, kidnapping, and maiming civilians in connection with the separatists’ cause.

    McCarthy announced the indictment with Kelly O. Hayes, U.S. Attorney for the District of Maryland, Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, Sue J. Bai, Head of the Justice Department’s National Security Division.

    Members of the public with information about criminal activity in your community are encouraged to contact the ICE Tip Line at 866-DHS-2-ICE.

    Learn more about HSI Baltimore’s mission to increase public safety in our Maryland communities on X at @HSIBaltimore.

    MIL OSI USA News –

    May 2, 2025

  • MIL-OSI: Binah Capital Group Expands Executive Team with Appointment of Industry Veteran Ryan Marcus as Chief Business Development and Engagement Officer

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Binah Capital Group, Inc. (“Binah Capital”) (NASDAQ: BCG), a leading financial services enterprise that owns and operates a network of firms empowering independent financial advisors, today welcomed Ryan Marcus as its new Chief Business Development and Engagement Officer.

    In his new role, Mr. Marcus will work closely with Binah Capital’s broker-dealers, including PKS Investments, Cabot Lodge Securities and World Equity Group, to develop and implement long-term business strategies. He will focus on enhancing market presence, building a unified value proposition and driving sustainable growth across the organization.

    Mr. Marcus brings a strong record of results-driven leadership, strategic growth execution and a deep understanding of the wealth management space. Known for his authentic, relationship-focused approach, Mr. Marcus has built a career around driving engagement and unlocking value for financial services organizations. He most recently served in senior roles at MarketCounsel, where he led business development and client engagement initiatives.

    “Ryan is a rare talent and industry builder who understands how trust, transparency and long-term value are created and maintained,” said Craig Gould, CEO of Binah Capital Group. “His deep relationships and intuitive grasp of the advisor landscape will strengthen our ability to deliver unparalleled support to our partners. We’re thrilled to welcome him as a senior executive at Binah and look forward to working together to execute on our strategic growth plans.”

    “MarketCounsel has been so much more than a job to me—it’s been a huge part of my life for over a decade. My colleagues have become part of my family, and being part of such a powerful brand has been both personally and professionally rewarding,” said Marcus. “Being Brian Hamburger’s right hand and personal friend through so many chapters has been one of the most meaningful and fulfilling experiences. As I take this next step and join the leadership team at Binah Capital Group, I look forward to making just as big of an impact here as I have at MarketCounsel.”

    Mr. Marcus’s hiring signifies a meaningful step forward for Binah Capital as it continues to invest in experienced talent to spearhead innovative growth strategies to further enhance our solutions and services.

    About Binah Capital Group

    Binah Capital Group (“Binah Capital”, “Binah” or the “Company,” is a financial services enterprise that owns and operates a network of industry-leading firms that empower independent financial advisors. As a national broker-dealer aggregator, Binah specializes in delivering value through its innovative hybrid-friendly model, making it an optimal platform for RIAs navigating today’s complex financial landscape. Binah’s portfolio companies are built to help advisors run, manage, and execute commission-based business seamlessly while providing best in class resources to support their advisory practice. We don’t just offer tools—we cultivate partnerships. Binah Capital Group stands alongside RIAs as a trusted ally, delivering the structure, flexibility, and cutting-edge solutions they need to succeed in an increasingly competitive marketplace.

    For more, please visit: www.binahcap.com

    Contact:

    Binah Capital Investor Relations
    ir@binahcap.com

    Binah Capital Public Relations
    media@binahcap.com

    The MIL Network –

    May 2, 2025

  • MIL-OSI Global: US-Ukraine minerals deal looks better for Kyiv than expected – but Trump is an unpredictable partner

    Source: The Conversation – UK – By Andrew Gawthorpe, Lecturer in History and International Studies, Leiden University

    The United States and Ukraine have finally signed a long-awaited agreement on Ukraine’s postwar reconstruction – and, at first reading, the details appear more favourable for Kyiv than many observers expected.

    At the core of the “economic partnership agreement” is the exploitation of Ukraine’s mineral wealth. Ukraine will get access to US investment and technology, and the US will eventually get a share of the profits. The rest will finance the war-torn nation’s recovery if and when a peace agreement is signed with Russia.

    Several aspects of this deal stand out as positive for Ukraine. Unlike in previous drafts, the country retains ownership of its natural resources. All profits are to be invested in Ukraine for ten years after the agreement comes into force.

    Washington can also make its contribution in the form of new military aid, although it will be down to the US president to decide whether or not to do that.

    Earlier in the negotiations, a major sticking point was the demand from the US president, Donald Trump, that the agreement include compensation for past US aid to Ukraine, which he insisted amounted to US$350 billion (£260 billion). Many analysts estimate the figure is closer to US$120 billion.

    Before the deal was signed, Ukraine’s prime minister, Denys Shmyhal, said the deal would “not include assistance provided before its signing”. And the Ukrainian government announcement stated that the new agreement “focuses on further, not past US military assistance”. But when the US treasury secretary, Scott Bessent, spoke to journalists, he described the deal as “compensation” for “the funding and the weapons”.

    Sign up to receive our weekly World Affairs Briefing newsletter from The Conversation UK. Every Thursday we’ll bring you expert analysis of the big stories in international relations.

    Whether Bessent’s statement represents political spin, or whether there is still distance between Washington and Kyiv on this critical point, remains to be seen. The formal text has not been released, and many details remain to be ironed out. Trump can be an erratic negotiator who is prone to sudden changes of direction.

    Indeed, the signing of this agreement is just the latest twist in a broader effort to bring the war in Ukraine to an end – one which probably still has many surprises ahead. Trump appears to be losing patience with what he views as Russia’s refusal to engage with the peace process. Signing the deal may have been intended as a warning to Moscow to get serious about ending the conflict.

    The new agreement reportedly states that the US and Ukraine share a “long-term strategic alignment”. That’s a far cry from Trump’s rhetoric only a few months ago, when he called Ukraine’s president, Vlodomyr Zelensky, a “dictator”“ and blamed Kyiv for starting the war with Russia. But given Trump’s changes of mood, this agreement is unlikely to be the final word on how he views the conflict.

    Despite talk of a long-term strategic alignment, one thing the deal doesn’t contain is any explicit security guarantees for Ukraine. But the White House argues – and other observers hope – that US investment in Ukraine will give the US an implicit stake in the country’s security. That might deter Russia from attacking Ukraine again, out of fear the US would act to protect its investment.

    However, once we move from the realm of politics and security to economics, several glaring flaws in this logic become apparent. They all come down to whether the mineral wealth at the heart of this agreement can be profitably exploited – and, indeed, whether it even exists.

    Is this a game-changing deal?

    The American humorist Mark Twain is said to have once defined a mine as “a hole in the ground owned by a liar”. Assessing the precise scale of underground mineral deposits is notoriously difficult – and not every deposit can be extracted in a profitable fashion.

    In Ukraine, the exploratory work has simply not been done. Even the supposed size of the deposits, which are based on old Soviet surveys conducted in a superficial fashion, is not certain.

    Many of the minerals that supposedly lie under Ukraine’s surface are so called “rare earths”, which are critical to hi-tech supply chains. But they are also expensive and time-consuming to exploit, requiring a massive upfront investment which may eventually be lost. Even in successful cases, it generally takes over a decade to get production onstream.

    Today, there are few rare-earth projects under development anywhere in the world outside China – even in countries that are not current (and possibly future) war zones. Most of Ukraine’s supposed deposits lie in the east of the country in areas vulnerable to Russian attack, making investment risky.

    All of this makes economic partnership agreement of doubtful long-term significance for the broader peace process. The potential gains from it are too hypothetical to make much difference within a meaningful timescale. The deal is unlikely to generate much real economic incentive for the US to defend Ukraine, and so is unlikely to become a new source of military assistance for Kyiv.

    For the Russian president, Vladimir Putin, the deal doesn’t change a lot. While it might indeed be a signal that Trump is running out of patience with Russia, it does little to change the underlying realities of the conflict.

    We can’t rule out the possibility that Trump, as unpredictable as ever, might make a more meaningful commitment to Ukraine in the future, one that changes the course of the war. But – at first glance, certainly – this minerals deal is not it.

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

    – ref. US-Ukraine minerals deal looks better for Kyiv than expected – but Trump is an unpredictable partner – https://theconversation.com/us-ukraine-minerals-deal-looks-better-for-kyiv-than-expected-but-trump-is-an-unpredictable-partner-255723

    MIL OSI – Global Reports –

    May 2, 2025

  • MIL-OSI: Parker Reports Fiscal 2025 Third Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    CLEVELAND, May 01, 2025 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended March 31, 2025, that included the following highlights (compared with the prior year quarter):

    Fiscal 2025 Third Quarter Highlights:

    • Sales were $5.0 billion; organic sales growth was 1%
    • Net income was $961 million, an increase of 32%, or $904 million adjusted, an increase of 6%
    • EPS were $7.37, an increase of 33%, or $6.94 adjusted, an increase of 7%
    • Segment operating margin was 23.2%, an increase of 170 bps, or 26.3% adjusted, an increase of 160 bps
    • YTD cash flow from operations increased 8% to $2.3 billion, or 15.8% of sales
    • Repurchased $650 million of shares in the quarter

    “Our third quarter performance demonstrates the strength of our business and our global team’s ability to continue to deliver record results,” said Jenny Parmentier, Chairman and Chief Executive Officer. “All reported businesses showed substantial margin expansion and helped us surpass 26% adjusted segment operating margin for the first time. We also produced record earnings per share, generated record cash flow from operations, and repurchased $650 million of shares. We recently announced a 10% increase in our quarterly cash dividend and are committed to our strategy of actively deploying capital to drive shareholder value, including acquisitions and increased share repurchase activity, depending on market conditions.”

    “The resiliency of our portfolio coupled with the power of our business system, The Win Strategy™, has enabled us to consistently deliver strong results through business cycles. With our decentralized structure and the agility of our global teams, we are confident in our ability to manage through macroeconomic uncertainty, including tariffs. We are fully committed to achieving our fiscal year 2029 financial targets.”

    This news release contains non-GAAP financial measures. Reconciliations of adjusted numbers and certain non-GAAP financial measures are included in the financial tables of this press release.

    Outlook

    Guidance for the fiscal year ending June 30, 2025 has been updated. The company expects:

    • Sales growth in fiscal 2025 of approximately (1%), with organic sales growth of approximately 1%; divestitures of (1.5%) and unfavorable currency of (0.5%)
    • Total segment operating margin of approximately 22.7%, or approximately 25.9% on an adjusted basis
    • EPS of $25.92 to $26.12, or $26.60 to $26.80 on an adjusted basis, and includes the effect of announced tariffs fully offset by mitigation actions

    Segment Results

     
    Diversified Industrial Segment
     
    North America Businesses 
    $ in mm FY25 Q3   FY24 Q3   Change   Organic Growth
    Sales $ 2,031     $ 2,231     -9.0 %   -3.5 %
    Segment Operating Income $ 467     $ 490     -4.8 %    
    Segment Operating Margin   23.0 %     22.0 %   100 bps    
    Adjusted Segment Operating Income $ 513     $ 538     -4.8 %    
    Adjusted Segment Operating Margin   25.2 %     24.1 %   110 bps    
                           
    • Achieved record adjusted segment operating margin
    • Softness in transportation, off-highway and energy markets
    • Orders positive for second consecutive quarter
           
    International Businesses
    $ in mm FY25 Q3   FY24 Q3   Change   Organic Growth
    Sales $ 1,358     $ 1,434     -5.3 %   -2.8 %
    Segment Operating Income $ 312     $ 310     0.7 %    
    Segment Operating Margin   23.0 %     21.6 %   140 bps    
    Adjusted Segment Operating Income $ 340     $ 337     1.2 %    
    Adjusted Segment Operating Margin   25.1 %     23.5 %   160 bps    
                           
    • Achieved record adjusted segment operating margin
    • Organic growth: 2% APAC; (7%) EMEA; 8% LA
    • Orders accelerate on long-cycle strength
     
    Aerospace Systems Segment
    $ in mm FY25 Q3   FY24 Q3   Change   Organic Growth
    Sales $ 1,572     $ 1,409     11.6 %   11.7 %
    Segment Operating Income $ 373     $ 289     28.9 %    
    Segment Operating Margin   23.7 %     20.5 %   320 bps    
    Adjusted Segment Operating Income $ 451     $ 376     19.8 %    
    Adjusted Segment Operating Margin   28.7 %     26.7 %   200 bps    
                           
    • Achieved record sales on continued aftermarket strength
    • Delivered record adjusted segment operating margin
    • Aerospace backlog increased to a record $7.3 billion
       
    Order Rates
       
      FY25 Q3
    Parker +9 %
    Diversified Industrial Segment – North America Businesses +3 %
    Diversified Industrial Segment – International Businesses +11 %
    Aerospace Systems Segment +14 %
         
    • Parker order rates increased to 9% reflecting our transformed portfolio and long-cycle strength
    • Aerospace orders increased to 14% driven by strength in both commercial and defense
    • Orders remained positive across all reported businesses

    About Parker Hannifin
    Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.

    Contacts:  
    Media: Financial Analysts:
    Aidan Gormley Jeff Miller
    216-896-3258 216-896-2708
    aidan.gormley@parker.com jeffrey.miller@parker.com
       
       

    Notice of Webcast
    Parker Hannifin’s conference call and slide presentation to discuss its fiscal 2025 third quarter results are available to all interested parties via live webcast today at 11:00 a.m. ET, at investors.parker.com. A replay of the webcast will be available on the site approximately one hour after the completion of the call and will remain available for one year. To register for e-mail notification of future events please visit investors.parker.com.

    Note on Orders The company reported orders for the quarter ending March 31, 2025, compared with the same quarter a year ago. All comparisons are at constant currency exchange rates, with the prior year quarter restated to the current-year rates, and exclude divestitures. Diversified Industrial comparisons are on 3-month average computations and Aerospace Systems comparisons are on rolling 12-month average computations.

    Note on Non-GAAP Financial Measures
    This press release contains references to non-GAAP financial information including (a) adjusted net income; (b) adjusted earnings per share; (c) adjusted segment operating margin for Parker and by segment; (d) adjusted segment operating income for Parker and by segment and (e) organic sales growth. The adjusted net income, adjusted earnings per share, adjusted segment operating margin, adjusted segment operating income and organic sales measures are presented to allow investors and the company to meaningfully evaluate changes in net income, earnings per share and segment operating margins on a comparable basis from period to period. Although adjusted net income, adjusted earnings per share, adjusted segment operating margin, adjusted segment operating income, and organic sales growth are not measures of performance calculated in accordance with GAAP, we believe that they are useful to an investor in evaluating the results of this quarter versus the prior period. Comparable descriptions of record adjusted results in this release refer only to the period from the first quarter of FY2011 to the periods presented in this release. This period coincides with recast historical financial results provided in association with our FY2014 change in segment reporting. A reconciliation of non-GAAP measures is included in the financial tables of this press release.

    Forward-Looking Statements
    Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and may also include statements regarding future performance, orders, earnings projections, events or developments. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance may differ materially from expectations, including those based on past performance.

    Among other factors that may affect future performance are: changes in business relationships with and orders by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms, changes in contract costs and revenue estimates for new development programs; changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions; ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination and ability to successfully undertake business realignment activities and the expected costs, including cost savings, thereof; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and other government actions, including related to environmental protection, and associated compliance costs; supply chain and labor disruptions, including as a result of tariffs and labor shortages; threats associated with international conflicts and cybersecurity risks and risks associated with protecting our intellectual property; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; effects on market conditions, including sales and pricing, resulting from global reactions to U.S. trade policies; manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and economic conditions such as inflation, deflation, interest rates and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in the tax laws in the United States and foreign jurisdictions and judicial or regulatory interpretations thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should also consider forward-looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and other periodic filings made with the SEC.

     
    CONSOLIDATED STATEMENT OF INCOME
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands, except per share amounts)   2025       2024       2025       2024  
    Net sales $ 4,960,349     $ 5,074,356     $ 14,606,926     $ 14,742,791  
    Cost of sales   3,129,951       3,279,650       9,249,899       9,478,961  
    Selling, general and administrative expenses   784,355       816,337       2,415,565       2,496,830  
    Interest expense   95,942       123,732       309,835       387,229  
    Other income, net   (44,713 )     (65,406 )     (404,230 )     (228,872 )
    Income before income taxes   994,814       920,043       3,035,857       2,608,643  
    Income taxes   33,628       193,309       427,494       548,780  
    Net income   961,186       726,734       2,608,363       2,059,863  
    Less: Noncontrolling interests   320       160       535       611  
    Net income attributable to common shareholders $ 960,866     $ 726,574     $ 2,607,828     $ 2,059,252  
                   
    Earnings per share attributable to common shareholders:              
    Basic earnings per share $ 7.48     $ 5.65     $ 20.28     $ 16.03  
    Diluted earnings per share $ 7.37     $ 5.56     $ 19.97     $ 15.82  
                   
    Average shares outstanding during period – Basic   128,442,623       128,502,829       128,619,515       128,467,209  
    Average shares outstanding during period – Diluted   130,320,802       130,593,026       130,576,225       130,169,331  
                   
                   
    CASH DIVIDENDS PER COMMON SHARE              
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Amounts in dollars)   2025       2024       2025       2024  
    Cash dividends per common share $ 1.63     $ 1.48     $ 4.89     $ 4.44  
                   
                   
     
    RECONCILIATION OF ORGANIC GROWTH
     
    (Unaudited) Three Months Ended
      As Reported           Adjusted
      March 31, 2025   Currency   Divestitures   March 31, 2025
    Diversified Industrial Segment (7.6 )%   (1.5 )%   (2.9 )%   (3.2 )%
    Aerospace Systems Segment 11.6 %   (0.1 )%   — %   11.7 %
    Total (2.2 )%   (1.0 )%   (2.1 )%   0.9 %
                   
    (Unaudited) Nine Months Ended
      As Reported           Adjusted
      March 31, 2025   Currency   Divestitures   March 31, 2025
    Diversified Industrial Segment (6.5 )%   (1.0 )%   (1.7 )%   (3.8 )%
    Aerospace Systems Segment 14.3 %   0.1 %   — %   14.2 %
    Total (0.9 )%   (0.7 )%   (1.2 )%   1.0 %
                     
                     
     
    RECONCILIATION OF NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS TO ADJUSTED NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Net income attributable to common shareholders $ 960,866     $ 726,574     $ 2,607,828     $ 2,059,252  
    Adjustments:              
    Acquired intangible asset amortization expense   135,964       141,216       414,211       438,763  
    Business realignment charges   10,379       8,468       40,740       35,914  
    Integration costs to achieve   5,447       13,256       18,751       29,676  
    Gain on sale of building   —       —       (10,461 )     —  
    Gain on divestitures   —       —       (249,748 )     (25,651 )
    Saegertown incident   7,725       —       7,725       —  
    Tax effect of adjustments1   (36,689 )     (38,779 )     (82,337 )     (108,403 )
    Discrete tax benefit2   (179,849 )     —       (179,849 )     —  
    Adjusted net income attributable to common shareholders $ 903,843     $ 850,735     $ 2,566,860     $ 2,429,551  
                   
                   
     
    RECONCILIATION OF EARNINGS PER DILUTED SHARE TO ADJUSTED EARNINGS PER DILUTED SHARE
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Amounts in dollars)   2025       2024       2025       2024  
    Earnings per diluted share $ 7.37     $ 5.56     $ 19.97     $ 15.82  
    Adjustments:              
    Acquired intangible asset amortization expense   1.04       1.08       3.17       3.36  
    Business realignment charges   0.08       0.06       0.31       0.27  
    Integration costs to achieve   0.04       0.10       0.14       0.23  
    Gain on sale of building   —       —       (0.08 )     —  
    Gain on divestitures   —       —       (1.91 )     (0.20 )
    Saegertown incident   0.06       —       0.06       —  
    Tax effect of adjustments1   (0.28 )     (0.29 )     (0.61 )     (0.82 )
    Discrete tax benefit2   (1.37 )     —       (1.37 )     —  
    Adjusted earnings per diluted share $ 6.94     $ 6.51     $ 19.68     $ 18.66  
                   
    1 This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.
    2 Release of a tax valuation allowance.
     
     
    BUSINESS SEGMENT INFORMATION
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025     2024       2025       2024  
    Net sales              
    Diversified Industrial $ 3,388,759   $ 3,665,643     $ 10,097,723     $ 10,798,644  
    Aerospace Systems   1,571,590     1,408,713       4,509,203       3,944,147  
    Total net sales $ 4,960,349   $ 5,074,356     $ 14,606,926     $ 14,742,791  
    Segment operating income              
    Diversified Industrial $ 779,103   $ 800,211     $ 2,273,211     $ 2,359,299  
    Aerospace Systems   372,908     289,339       1,034,078       778,711  
    Total segment operating income   1,152,011     1,089,550       3,307,289       3,138,010  
    Corporate general and administrative expenses   43,698     56,782       148,756       162,340  
    Income before interest expense and other expense (income), net   1,108,313     1,032,768       3,158,533       2,975,670  
    Interest expense   95,942     123,732       309,835       387,229  
    Other expense (income), net   17,557     (11,007 )     (187,159 )     (20,202 )
    Income before income taxes $ 994,814   $ 920,043     $ 3,035,857     $ 2,608,643  
                   
                   
     
    RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Diversified Industrial Segment sales $ 3,388,759     $ 3,665,643     $ 10,097,723     $ 10,798,644  
                   
    Diversified Industrial Segment operating income $ 779,103     $ 800,211     $ 2,273,211     $ 2,359,299  
    Adjustments:              
    Acquired intangible asset amortization   61,600       66,409       189,434       201,669  
    Business realignment charges   10,249       6,953       38,492       32,877  
    Integration costs to achieve   2,072       1,292       3,477       3,302  
    Adjusted Diversified Industrial Segment operating income $ 853,024     $ 874,865     $ 2,504,614     $ 2,597,147  
                   
    Diversified Industrial Segment operating margin   23.0 %     21.8 %     22.5 %     21.8 %
    Adjusted Diversified Industrial Segment operating margin   25.2 %     23.9 %     24.8 %     24.1 %
                   
                   
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Aerospace Systems Segment sales $ 1,571,590     $ 1,408,713     $ 4,509,203     $ 3,944,147  
                   
    Aerospace Systems Segment operating income $ 372,908     $ 289,339     $ 1,034,078     $ 778,711  
    Adjustments:              
    Acquired intangible asset amortization   74,364       74,807       224,777       237,094  
    Business realignment charges   35       (12 )     429       318  
    Integration costs to achieve   3,375       11,964       15,274       26,374  
    Adjusted Aerospace Systems Segment operating income $ 450,682     $ 376,098     $ 1,274,558     $ 1,042,497  
                   
    Aerospace Systems Segment operating margin   23.7 %     20.5 %     22.9 %     19.7 %
    Adjusted Aerospace Systems Segment operating margin   28.7 %     26.7 %     28.3 %     26.4 %
                   
           
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Total net sales $ 4,960,349     $ 5,074,356     $ 14,606,926     $ 14,742,791  
                   
    Total segment operating income $ 1,152,011     $ 1,089,550     $ 3,307,289     $ 3,138,010  
    Adjustments:              
    Acquired intangible asset amortization   135,964       141,216       414,211       438,763  
    Business realignment charges   10,284       6,941       38,921       33,195  
    Integration costs to achieve   5,447       13,256       18,751       29,676  
    Adjusted total segment operating income $ 1,303,706     $ 1,250,963     $ 3,779,172     $ 3,639,644  
                   
    Total segment operating margin   23.2 %     21.5 %     22.6 %     21.3 %
    Adjusted total segment operating margin   26.3 %     24.7 %     25.9 %     24.7 %
                                   
                                   
     
    CONSOLIDATED BALANCE SHEET
     
    (Unaudited) March 31,   June 30,
    (Dollars in thousands)   2025     2024
    Assets      
    Current assets:      
    Cash and cash equivalents $ 408,735   $ 422,027
    Trade accounts receivable, net   2,852,833     2,865,546
    Non-trade and notes receivable   281,789     331,429
    Inventories   2,822,547     2,786,800
    Prepaid expenses   253,436     252,618
    Other current assets   157,800     140,204
    Total current assets   6,777,140     6,798,624
    Property, plant and equipment, net   2,821,566     2,875,668
    Deferred income taxes   271,431     92,704
    Investments and other assets   1,215,201     1,207,232
    Intangible assets, net   7,370,524     7,816,181
    Goodwill   10,461,946     10,507,433
    Total assets $ 28,917,808   $ 29,297,842
           
    Liabilities and equity      
    Current liabilities:      
    Notes payable and long-term debt payable within one year $ 1,951,543   $ 3,403,065
    Accounts payable, trade   1,980,967     1,991,639
    Accrued payrolls and other compensation   473,725     581,251
    Accrued domestic and foreign taxes   356,506     354,659
    Other accrued liabilities   851,725     982,695
    Total current liabilities   5,614,466     7,313,309
    Long-term debt   7,421,370     7,157,034
    Pensions and other postretirement benefits   389,891     437,490
    Deferred income taxes   1,399,612     1,583,923
    Other liabilities   692,644     725,193
    Shareholders’ equity   13,390,974     12,071,972
    Noncontrolling interests   8,851     8,921
    Total liabilities and equity $ 28,917,808   $ 29,297,842
           
           
     
    CONSOLIDATED STATEMENT OF CASH FLOWS
     
      Nine Months Ended
    (Unaudited) March 31,
    (Dollars in thousands)   2025       2024  
    Cash flows from operating activities:      
    Net income $ 2,608,363     $ 2,059,863  
    Depreciation and amortization   677,665       696,463  
    Stock incentive plan compensation   129,766       128,682  
    Gain on sale of businesses   (253,043 )     (23,667 )
    (Gain) loss on property, plant and equipment and intangible assets   (8,531 )     5,847  
    Net change in receivables, inventories and trade payables   (101,351 )     (244,268 )
    Net change in other assets and liabilities   (514,937 )     (427,509 )
    Other, net   (229,171 )     (48,334 )
    Net cash provided by operating activities   2,308,761       2,147,077  
    Cash flows from investing activities:      
    Capital expenditures   (304,153 )     (283,328 )
    Proceeds from property, plant and equipment   31,871       8,905  
    Proceeds from sale of businesses   622,697       75,561  
    Other, net   (5,745 )     4,561  
    Net cash provided by (used in) investing activities   344,670       (194,301 )
    Cash flows from financing activities:      
    Net payments for common stock activity   (856,925 )     (237,689 )
    Acquisition of noncontrolling interests   —       (2,883 )
    Net payments for debt   (1,193,952 )     (1,193,373 )
    Dividends paid   (630,168 )     (571,583 )
    Net cash used in financing activities   (2,681,045 )     (2,005,528 )
    Effect of exchange rate changes on cash   14,322       (16,946 )
    Net decrease in cash and cash equivalents   (13,292 )     (69,698 )
    Cash and cash equivalents at beginning of year   422,027       475,182  
    Cash and cash equivalents at end of period $ 408,735     $ 405,484  
           
           
    RECONCILIATION OF FORECASTED ORGANIC GROWTH  
    (Unaudited)  
    (Amounts in percentages) Fiscal Year 2025
    Forecasted net sales ~ (1%)
    Adjustments:  
    Currency 0.5%
    Divestitures 1.5%
    Adjusted forecasted net sales ~ 1%
       
       
    RECONCILIATION OF FORECASTED SEGMENT OPERATING MARGIN TO ADJUSTED FORECASTED SEGMENT OPERATING MARGIN
       
    (Unaudited)  
    (Amounts in percentages) Fiscal Year 2025
    Forecasted segment operating margin ~ 22.7%
    Adjustments:  
    Business realignment charges 0.3%
    Costs to achieve 0.1%
    Acquisition-related intangible asset amortization expense 2.8%
    Adjusted forecasted segment operating margin ~ 25.9%
       
     
       
    RECONCILIATION OF FORECASTED EARNINGS PER DILUTED SHARE TO ADJUSTED FORECASTED EARNINGS PER DILUTED SHARE
       
    (Unaudited)  
    (Amounts in dollars) Fiscal Year 2025
    Forecasted earnings per diluted share $25.92 to $26.12
    Adjustments:  
    Business realignment charges 0.47
    Costs to achieve 0.17
    Acquisition-related intangible asset amortization expense 4.22
    Net gain on divestitures (1.91)
    Gain on sale of building (0.08)
    Saegertown incident 0.06
    Tax effect of adjustments1 (0.88)
    Discrete tax benefit2 (1.37)
    Adjusted forecasted earnings per diluted share $26.60 to $26.80
       
    1 This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.
       
    2 Release of a tax valuation allowance.  
       
    Note: Totals may not foot due to rounding
     
     
    SUPPLEMENTAL INFORMATION
     
    BUSINESS SEGMENT INFORMATION
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025     2024     2025     2024
    Net sales              
    Diversified Industrial:              
    North America businesses $ 2,030,970   $ 2,231,478   $ 6,059,302   $ 6,571,587
    International businesses   1,357,789     1,434,165     4,038,421     4,227,057
                   
    Segment operating income              
    Diversified Industrial:              
    North America businesses $ 467,064   $ 490,452   $ 1,378,194   $ 1,458,355
    International businesses   312,039     309,759     895,017     900,944
                           
                           
       
    RECONCILIATION OF ORGANIC GROWTH
       
    (Unaudited) Three Months Ended
      As Reported             Adjusted
      March 31, 2025   Currency     Divestitures   March 31, 2025
    Diversified Industrial Segment:                
    North America businesses (9.0 )%   (0.8 )%   (4.7 )%   (3.5 )%
    International businesses:                
    Europe (8.6 )%   (1.7 )%   — %   (6.9 )%
    Asia Pacific (0.8 )%   (3.0 )%   — %   2.2 %
    Latin America (0.2 )%   (8.1 )%   — %   7.9 %
    International businesses (5.3 )%   (2.5 )%   — %   (2.8 )%
                     
    (Unaudited) Nine Months Ended
      As Reported             Adjusted
      March 31, 2025   Currency     Divestitures   March 31, 2025
    Diversified Industrial Segment:                
    North America businesses (7.8 )%   (0.6 )%   (2.7 )%   (4.5 )%
    International businesses:                
    Europe (8.1 )%   (0.4 )%   — %   (7.7 )%
    Asia Pacific 0.8 %   (1.9 )%   — %   2.7 %
    Latin America (3.3 )%   (13.9 )%   — %   10.6 %
    International businesses (4.5 )%   (1.8 )%   — %   (2.7 )%
                       
                       
     
    RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
     
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Diversified Industrial Segment:              
    North America businesses sales $ 2,030,970     $ 2,231,478     $ 6,059,302     $ 6,571,587  
                   
    North America businesses operating income $ 467,064     $ 490,452     $ 1,378,194     $ 1,458,355  
    Adjustments:              
    Acquired intangible asset amortization   40,209       43,945       124,169       133,327  
    Business realignment charges   4,218       3,058       13,106       8,892  
    Integration costs to achieve   1,038       841       2,088       2,348  
    Adjusted North America businesses operating income $ 512,529     $ 538,296     $ 1,517,557     $ 1,602,922  
                   
    North America businesses operating margin   23.0 %     22.0 %     22.7 %     22.2 %
    Adjusted North America businesses operating margin   25.2 %     24.1 %     25.0 %     24.4 %
                   
           
      Three Months Ended   Nine Months Ended
    (Unaudited) March 31,   March 31,
    (Dollars in thousands)   2025       2024       2025       2024  
    Diversified Industrial Segment:              
    International businesses sales $ 1,357,789     $ 1,434,165     $ 4,038,421     $ 4,227,057  
                   
    International businesses operating income $ 312,039     $ 309,759     $ 895,017     $ 900,944  
    Adjustments:              
    Acquired intangible asset amortization   21,391       22,464       65,265       68,342  
    Business realignment charges   6,031       3,895       25,386       23,985  
    Integration costs to achieve   1,034       451       1,389       954  
    Adjusted International businesses operating income $ 340,495     $ 336,569     $ 987,057     $ 994,225  
                   
    International businesses operating margin   23.0 %     21.6 %     22.2 %     21.3 %
    Adjusted International businesses operating margin   25.1 %     23.5 %     24.4 %     23.5 %
                                   

    The MIL Network –

    May 2, 2025

  • MIL-OSI Economics: Online Safety and the Rising Cost of Living Top the List of Concerns Among Young People

    Source: Samsung

    LONDON, U.K. – May 01, 2025 – Almost two thirds (64%[3]) of young people surveyed in the UK feel anxious about the future, according to new research from Samsung. The poll of 1,000 11–15-year-olds in the UK found online safety (47%) and the rising cost of living (61%) top the list of concerns among young people as they venture into adulthood.
     
    Over seven in ten (72%[4]) young people surveyed feel more worried about the rising cost of living today than they did a year ago, fuelled by worries about the potential impact on their parents’ financial situation (77%[1]). Almost a third (32%) also expressed concerns about how they will get a job when they are older to support themselves, with fears that they do not have the necessary skills to cope in an increasingly digital and AI-driven world (23%).
     
    Samsung commissioned the new research as it launches its Solve for Tomorrow Next Gen tech for good idea challenge, which encourages the next generation of innovators across the UK to help solve societal problems. This year’s theme, Living Well: Tech for a Happier, Healthier World, is designed to help young people solve problems they care about. Over four in five (81%[2]) express a desire to make a positive difference to the world we live in, yet the research reveals that less than half (49%[2]) feel the current, school curriculum prepares them to tackle societal issues.
     
    Alongside the rising cost of living, online safety was also revealed to be another major source of concern among young people. Of those surveyed, 47% worry about the potential harms and dangers while using the internet, while more than half (58%[1]) reported feeling more concerned about online safety than they did a year ago today.
     
    Young people are more determined than ever to meet these challenges head-on. In last year’s Solve for Tomorrow challenge, Millie from William Farr School was awarded first place in the 11-13 category for her innovation ‘My Bear’, which encourages children and young people to tackle hate by learning about other cultures. By linking the bear to an app, the user is rewarded with points. Meanwhile, Lorelei, Ruby, and Riya from Croydon High School, were awarded first place in the 13-15 category for their entry – a covert safety bangle designed to support girls and women whilst travelling alone. This year, young people from up and down the country will take part to create their own tech solutions to societal problems and have the chance to win some fantastic tech prizes.
     
    Commenting on the competition launch, Soohyun Jessie Park, Head of Corporate Social Responsibility at Samsung Electronics UK, said: “We’re calling out to secondary schools across the UK and Ireland to join our tech for good idea challenge. Since launching in 2021, Samsung Solve for Tomorrow Next Gen has reached 180,093 young people, and we’ve seen 2064 tech-for-good ideas – the programme is all about inspiring the next generation of innovators, and we can’t wait to see what young people come up with this year. Along with entering the challenge, we welcome teachers to make use of our free resources all year round on design thinking, careers in tech, and new for this year and part of our educational online safety tools and resources; how to use AI responsibly.”
     
    In support of the Solve for Tomorrow Next Gen programme, Dr. Vee Kativhu, Founder & Director of Empowered by Vee, added: “As someone who grew up in a single-parent, lower-income household, I know first-hand how life-changing having access to technology and education can be. It was free resources, a library laptop, and opportunities like this that opened the doors for me to go on to study at both Oxford and Harvard University. Samsung’s Solve for Tomorrow Next Gen competition gives young people that same chance — to turn their ideas, creativity, and passion into real solutions that make the world happier, healthier, and safer. I’m proud to support a challenge that believes in the power of young people and invests in their future.”
     
    Entries for the Samsung Solve for Tomorrow Next Gen tech for good challenge are now open until 25th July 2025 with more information on how to enter here.
     
    [1] Combining answer options “Very concerned” and “Somewhat concerned”.
    [2] Combining answer options “Very well” and “Fairly well”.
    [3] Combining answer options “Very anxious” and “Fairly anxious”.
    [4] Combining answer options “Much more concerned” and “Somewhat more concerned”.

    MIL OSI Economics –

    May 2, 2025

  • MIL-OSI United Kingdom: UK-Nigeria partnership to detect, disrupt and deter fraud

    Source: United Kingdom – Executive Government & Departments

    News story

    UK-Nigeria partnership to detect, disrupt and deter fraud

    An agreement between the UK and Nigeria will help to better protect UK citizens from fraud as law enforcement collaboration is stepped up.

    The public will be better protected from fraud as law enforcement collaboration between the UK and Nigeria is stepped up under a new joint fraud action plan agreed between the 2 countries today.

    The partnership will provide increased protection for victims by focusing on earlier detection of threats, faster law enforcement intervention, and the disruption of cross-border criminal networks before they can cause harm. It will also support stronger systems to help prevent people from falling victim to fraud in the first place.

    Key elements of the joint action plan include:

    • information sharing and operational coordination, including the potential for joint law enforcement operations involving the UK’s National Crime Agency (NCA) and Nigeria’s Office of the National Security Adviser
    • development and strengthening of national fraud strategies through the exchange of best practice, frameworks, and lessons learned, along with potential joint public awareness campaigns to deter fraudsters
    • exploration of collaboration between financial, online, and telecoms regulators and industry bodies in both countries to help close loopholes exploited by criminals
    • sharing insights on the misuse of financial systems, with the potential for joint studies and research into emerging threats
    • identifying training needs and delivering capacity-building initiatives, starting with targeted training for Nigerian prosecutors by the UK’s Serious Fraud Office, with further programmes planned, subject to funding

    70% of fraud cases involve an international element. Today’s agreement forms part of a wider effort to build a unified international response to fraud – an issue continuing to harm individuals, undermine economies, and threaten national security.

    The UK’s Minister for Fraud, Lord Hanson, has been in Abuja this week for meetings with Nigerian counterparts and other strategic partners. Lord Hanson, Nigeria’s Attorney General and Minister of Justice, Chief Lateef Olasunkanmi Fagbemi, and National Security Adviser Nuhu Ribadu, signed a memorandum of understanding (MoU) and agreed the action plan today, formalising a commitment to deeper collaboration.

    Minister for Fraud, Lord Hanson, said:

    Fraud ruins lives. It strips people of their savings, their confidence, and their sense of security. The fact so many of these crimes now originate overseas makes our international partnerships more important than ever.

    Our new agreement with Nigeria will help us better identify and stop fraud before it happens, crack down on criminals who exploit our systems, and ultimately protect the public from the devastating impact of fraud.

    My meetings in Abuja have been hugely constructive, giving us the opportunity to align our efforts and take meaningful action to prevent further harm. I’m proud to have signed this agreement, which sets both our nations firmly on the path to a safer and more resilient future.

    As one of the world’s largest and fastest growing economies, the UK and Nigeria recognise the shared threat fraud poses to their prosperity and long-term stability.

    According to the Crime Survey for England and Wales, fraud is the most commonly-experienced crime in the UK, with more than 1 in 15 adults affected each year. In the year ending December 2024, an estimated 4.1 million incidents were recorded – almost 43% of all incidents recorded by the survey. The societal harm is also severe, with fraud against individuals in England and Wales alone estimated to cost £6.8 billion annually in 2019 to 2020.

    Beyond the financial damage, the emotional and psychological toll on victims is devastating. Many report lasting emotional harm, while increasingly sophisticated criminals are using emerging technologies, including artificial intelligence, to design realistic scams difficult to detect.

    Financially motivated sexual extortion (FMSE) is a particularly cruel form of exploitation, with many victims tragically taking their own lives due to these scams. The NCA is committed to raising awareness, providing targeted support to victims, and improving the investigation and prosecution of offenders, both in the UK and internationally.

    National Security Adviser, Nuhu Ribadu, said:

    Building on the foundation of the past successes, we must confront crime with greater seriousness, deepen collaboration across all fronts; addressing enablers, supporting victims, and pursuing perpetrators, and sustain an unyielding commitment to protect our societies.

    Deputy Director of Fraud at the NCA, Nick Sharpe, said:

    Over 70% of fraud impacting the UK is estimated to originate overseas or have overseas links. 

    However, those same fraudsters often also target victims in their own country. 

    This memorandum of understanding with the Federal Republic of Nigeria underscores our shared commitment to tackling a threat that causes significant harm to citizens of both nations.

    By sharing vital intelligence, conducting joint operations, and working to identify and address vulnerabilities, we will strengthen our collective response – ensuring that criminals are brought to justice, wherever they are.

    In November 2024, the UK-Nigeria Fraud Dialogue was launched to further strengthen the 2 nations’ shared commitment to combating fraud. The dialogue serves as a forum for regular exchanges of views and ideas, bringing together representatives from cybersecurity, law enforcement, and policy institutions, and provides a platform to review progress under the MoU.

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    Updates to this page

    Published 1 May 2025

    MIL OSI United Kingdom –

    May 2, 2025

  • MIL-OSI NGOs: USA: Trump’s first 100 days have ‘led with cruelty and chaos, creating a human rights emergency’

    Source: Amnesty International –

    From targeting immigrants to undermining press freedom to marginalising vulnerable minorities, Trump’s government has devastated the lives of people in the US and beyond

    ‘The Trump administration has fully embraced authoritarian tactics more commonly associated with repressive [regimes] to silence and punish those who disagree with him’ – Paul O’Brien

    As President Donald Trump marks his first 100 days in office, Amnesty International highlights the human rights crisis fuelled by President Trump’s administration’s authoritarian practices, discriminatory and racist policies, and dangerous rhetoric.  

    In Chaos & Cruelty: 10 Compounding Assaults on Human Rights, Amnesty reviews President Trump’s attacks on domestic and international human rights in his first 100 days in office. From suppressing dissent to demonising and targeting immigrants, to retreating from multilateral bodies that protect human rights around the world, the Trump administration has systematically eroded human rights protections, fostering a climate of fear and division, and undermining the rule of law. 

    Paul O’Brien, executive director of Amnesty International USA, said:

    “One hundred days into his second term, President Trump has led with cruelty and chaos, creating a human rights emergency that has affected millions of people by suppressing dissent, undermining the rule of law, and eroding norms and institutions essential to the protection of human rights.

    “The Trump administration has fully embraced authoritarian tactics more commonly associated with repressive leaders to silence and punish those who disagree with him, while weaponising the government against people and institutions in the US and beyond to entrench his own power and further an anti-rights agenda.”  

    The Trump administration’s policies in the first 100 days have already had devastating consequences on the lives of people in the US and in other parts of the world: 

    • Ending asylum and targeting immigrants: Mass deportations, enforced disappearances under the Alien Enemies Act, family separations, and harsh restrictions on the right to asylum have violated international law. These actions have torn communities apart and created a reality in which immigrants, including those who have come to the US seeking safety, are pushed into the shadows, living in fear. 
    • Attacking freedom of expression and the right to protest: Crackdowns on student protestors, especially those in support of Palestinian rights, have threatened the rights to free speech and peaceful assembly. Especially targeted are students who are not US citizens as they are threatened with detention and deportation for exercising their right to free speech.  
    • Undermining the rule of law: Disregarding court orders, threatening impeachment of judges, attacking law firms and lawyers, abusing executive power and eroding checks and balances are authoritarian practices the Trump administration has used to push forward his anti-rights agenda.   
    • Undermining press freedom: Targeting journalists, suing media outlets, pulling funding that supports free press globally, and abusing regulatory power through the Federal Communications Commission undermine the critical role of independent media in fostering debate, discussion, and dissent, which are essential to the defence of human rights. 
    • Attacking the rights of women and LGBTQIA+ communities: Anti-trans policies and executive orders have contributed to a dangerous climate of discrimination and indicate an attempt to erase transgender people’s existence under the law. Measures have also been taken to weaken sexual and reproductive rights guarantees for all people, particularly the right to abortion for women and people who can get pregnant. 
    • Marginalising Black and other racialised communities: Forced closures of Diversity, Equity, and Inclusion (DEI) programs and threats to defund universities that embrace racial equity are a blatant attack on racial justice. 

    President Trump’s attacks on human rights are overlapping and compounding. Hundreds of university students have been targeted for deportation. One emblematic example of the Trump administration’s racist actions, repression, and disregard for human rights is the case of Mahmoud Khalil, a Palestinian student and lawful permanent resident, detained and placed in deportation proceedings for participating in peaceful protests at Columbia University. 

    O’Brien added:

    “Mahmoud Khalil’s case sends a chilling message: if you speak out for human rights, you will be targeted, you will be punished, and you will not have due process. That is a terrifying prospect, not just for students, not just for immigrants, but for everyone.  When we look at the cumulative effect of the Trump administration’s actions, it amounts to a sweeping attack on human rights and the systems that uphold them. From this perspective, the damage and devastation of the first 100 days are undeniably clear.”  

    President Trump’s chaotic and cruel agenda is also undermining the rights of people around the world, creating instability and uncertainty that harms safety and security not just of people globally but also those in the US, and undermines their prosperity.  

    • Abruptly dismantling US foreign assistance: Sweeping and abrupt cuts to foreign aid have had a catastrophic impact on global humanitarian, development and human rights efforts. These cuts are not just financial—they represent an abandonment of the U.S. stated commitments to human rights, public health, and global peace and security. 
    • Retreating from multilateral bodies that protect human rights around the world: By retreating from global leadership, withdrawing from the Human Rights Council (HRC), the World Health Organisation and the Paris Climate Agreement, reviewing membership in UNESCO and imposing sanctions on the International Criminal Court (ICC), the Trump Administration has intensified efforts to undermine global mechanisms for justice and accountability. 
    • Retreating from civilian harm mitigation efforts: From shrinking offices aimed at reducing civilian harm caused by US military operations to reversing executive orders aimed at ensuring the US’ arms transfers do not contribute to violations of international law, the Trump Administration has demonstrated a dangerous disregard for the lives of civilians endangered by armed conflicts.   
    • Demolishing checks on corporate accountability: President Trump and his administration have taken down existing checks on corporate accountability and slashed efforts to fight corruption, including pausing enforcement of the Foreign Corrupt Practices Act. Tech firms have long facilitated discriminatory and authoritarian practices, but President Trump’s actions have exacerbated this trend. Meanwhile, President Trump has seemingly given carte blanche to the wealthiest man on Earth, Elon Musk, to run rampant with DOGE, directing actions that appear to violate federal law, including accessing sensitive, personal data of millions of Americans. 

    The perilous state of human rights in the US comes at a time when authoritarian practices have been increasing globally. In fact, the Trump administration’s relentless attacks on human rights are turbocharging harmful trends already present, gutting international human rights protections and endangering billions across the planet. 

    Erika Guevara-Rosas, Amnesty International’s Senior Director for Research, Policy, Advocacy and Campaigns, said:

    “We are witnessing an alarming escalation of state-sponsored repression and abandonment of the rule of law and human rights norms around the world.

    “As the largest grassroots human rights organisation in the world, we are mobilising to protect civic space, push back against authoritarian practices, and build long-term people power. Human rights should not be a political pawn.

    “Governments must actively oppose and denounce authoritarian practices that violate human rights and take steps to address their impact wherever they occur, including in the US. People around the world, including those in human rights and justice movements, are resisting and standing firmly against trends that threaten to lead present and future generations into an abyss. Political leaders must seize this pivotal moment to uphold and defend the rights and dignity of all.” 

    MIL OSI NGO –

    May 1, 2025

  • MIL-OSI NGOs: President Trump’s First 100 Days: Attacks on Human Rights, Cruelty and Chaos

    Source: Amnesty International –

    As President Donald Trump marks his first 100 days in office, Amnesty International highlights the human rights crisis fueled by President Trump’s administration’s authoritarian practices, discriminatory and racist policies, and dangerous rhetoric.  

    In Chaos & Cruelty: 10 Compounding Assaults on Human Rights, Amnesty International reviews President Trump’s attacks on domestic and international human rights in his first 100 days in office. From suppressing dissent to demonizing and targeting immigrants, to retreating from multilateral bodies that protect human rights around the world, the Trump administration has been systematically eroding human rights protections, fostering a climate of fear and division, and undermining the rule of law. 

    “One hundred days into his second term, President Trump has led with cruelty and chaos, creating a human rights emergency that has affected millions of people by suppressing dissent, undermining the rule of law, and eroding norms and institutions essential to the protection of human rights,” said Paul O’Brien, executive director of Amnesty International USA. “The Trump administration has fully embraced authoritarian tactics more commonly associated with repressive leaders to silence and punish those who disagree with him, while weaponizing the government against people and institutions in the United States and beyond to entrench his own power and further an anti-rights agenda.”  

    One hundred days into his second term, President Trump has led with cruelty and chaos, creating a human rights emergency that has affected millions of people by suppressing dissent, undermining the rule of law, and eroding norms and institutions essential to the protection of human rights

    Paul O’Brien, executive director of Amnesty International USA

    The Trump administration’s policies in the first 100 days have already had devastating consequences on the lives of people in the U.S. and in other parts of the world: 

    • Ending asylum and targeting immigrants: Mass deportations, enforced disappearances under the Alien Enemies Act, family separations, and harsh restrictions on the right to asylum have violated international law. These actions have torn communities apart and created a reality in which immigrants, including those who have come to the U.S. seeking safety, are pushed into the shadows, living in fear. 
    • Attacking freedom of expression and the right to protest: Crackdowns on student protestors, especially those in support of Palestinian rights, have threatened the rights to free speech and peaceful assembly. Especially targeted are students who are not U.S. citizens as they are threatened with detention and deportation for exercising their right to free speech.  
    • Undermining the rule of law: Disregarding court orders, threatening impeachment of judges, attacking law firms and lawyers, abusing executive power and eroding checks and balances are authoritarian practices the Trump administration has used to push forward his anti-rights agenda.   
    • Undermining press freedom: Targeting journalists, suing media outlets, pulling funding that supports free press globally, and abusing regulatory power through the Federal Communications Commission undermine the critical role of independent media in fostering debate, discussion, and dissent, which are essential to the defense of human rights. 
    • Attacking the rights of women and LGBTQIA+ communities: Anti-trans policies and executive orders have contributed to a dangerous climate of discrimination and indicate an attempt to erase transgender people’s existence under the law. Measures have also been taken to weaken sexual and reproductive rights guarantees for all people, particularly the right to abortion for women and people who can get pregnant. 
    • Marginalizing Black and other racialized communities: Forced closures of Diversity, Equity, and Inclusion (DEI) programs and threats to defund universities that embrace racial equity are a blatant attack on racial justice. 

    President Trump’s attacks on human rights are overlapping and compounding. Hundreds of university students have been targeted for deportation. One emblematic example of the Trump administration’s racist actions, repression, and disregard for human rights is the case of Mahmoud Khalil, a Palestinian student and lawful permanent resident, detained and placed in deportation proceedings for participating in peaceful protests at Columbia University. 

    “Mahmoud Khalil’s case sends a chilling message: if you speak out for human rights, you will be targeted, you will be punished, and you will not have due process,” said O’Brien. “That is a terrifying prospect, not just for students, not just for immigrants, but for everyone.  When we look at the cumulative effect of the Trump administration’s actions, it amounts to a sweeping attack on human rights and the systems that uphold them. From this perspective, the damage and devastation of the first 100 days are undeniably clear.”  

    When we look at the cumulative effect of the Trump administration’s actions, it amounts to a sweeping attack on human rights and the systems that uphold them. From this perspective, the damage and devastation of the first 100 days are undeniably clear

    Paul O’Brien, executive director of Amnesty International USA

    President Trump’s chaotic and cruel agenda is also undermining the rights of people around the world, creating instability and uncertainty that harms safety and security not just of people globally but also those in the U.S., and undermines their prosperity.  

    • Abruptly dismantling U.S. foreign assistance: Sweeping and abrupt cuts to foreign aid have had a catastrophic impact on global humanitarian, development and human rights efforts. These cuts are not just financial—they represent an abandonment of the U.S. stated commitments to human rights, public health, and global peace and security. 
    • Retreating from multilateral bodies that protect human rights around the world: By retreating from global leadership, withdrawing from the Human Rights Council (HRC), the World Health Organization and the Paris Climate Agreement, reviewing membership in UNESCO and imposing sanctions on the International Criminal Court (ICC), the Trump Administration has intensified efforts to undermine global mechanisms for justice and accountability. 
    • Retreating from civilian harm mitigation efforts: From shrinking offices aimed at reducing civilian harm caused by U.S. military operations to reversing executive orders aimed at ensuring the U.S.’s arms transfers do not contribute to violations of international law, the Trump Administration has demonstrated a dangerous disregard for the lives of civilians endangered by armed conflicts.   
    • Demolishing checks on corporate accountability: President Trump and his administration have taken down existing checks on corporate accountability and slashed efforts to fight corruption, including pausing enforcement of the Foreign Corrupt Practices Act. Tech firms have long facilitated discriminatory and authoritarian practices, but President Trump’s actions have exacerbated this trend. Meanwhile, President Trump has seemingly given carte blanche to the wealthiest man on Earth, Elon Musk, to run rampant with DOGE, directing actions that appear to violate federal law, including accessing sensitive, personal data of millions of Americans. 

    The perilous state of human rights in the United States comes at a time when authoritarian practices have been increasing globally. In fact, the Trump administration’s relentless attacks on human rights are turbocharging harmful trends already present, gutting international human rights protections and endangering billions across the planet. 

    “We are witnessing an alarming escalation of state-sponsored repression and abandonment of the rule of law and human rights norms around the world. As the largest grassroots human rights organization in the world, we are mobilizing to protect civic space, push back against authoritarian practices, and build long-term people power,” said Erika Guevara-Rosas, Amnesty International’s Senior Director for Research, Policy, Advocacy and Campaigns. “Human rights should not be a political pawn. Governments must actively oppose and denounce authoritarian practices that violate human rights and take steps to address their impact wherever they occur, including in the United States. People around the world, including those in human rights and justice movements, are resisting and standing firmly against trends that threaten to lead present and future generations into an abyss. Political leaders must seize this pivotal moment to uphold and defend the rights and dignity of all.” 

    We are witnessing an alarming escalation of state-sponsored repression and abandonment of the rule of law and human rights norms around the world. As the largest grassroots human rights organization in the world, we are mobilizing to protect civic space, push back against authoritarian practices, and build long-term people power

    Erika Guevara-Rosas, Amnesty International’s Senior Director for Research, Policy, Advocacy, and Campaigns

    MIL OSI NGO –

    May 1, 2025

  • MIL-OSI United Kingdom: Council expresses concern at BT job losses

    Source: Northern Ireland – City of Derry

    Council expresses concern at BT job losses

    30 April 2025

    Members of Derry City and Strabane District Council today voted in favour of a Notice of Motion expressing great concern that BT intends to close their offices in Derry with the loss of up to 140 jobs.
    Elected Members, as part of the proposal, agreed to seek an urgent meeting with BT’s Corporate Management to discuss the decision and the impact it will have on the local economy.

    At the monthly meeting of Full Council, Elected Members voted unanimously in favour of the notice of motion that stated: “Council will meet with BT Corporate Management to express our concern and the concerns of people across the city feel at the announcement that they will close their Derry facility. 

    “Council sends its solidarity to BT workers and their families and commits to do everything we can to support them.  

    “Council will meet with the CWU to offer our support. 

    “Council requests the Economy Minister and Invest NI work with Council and the trade union to do everything possible to support workers and employment here.”

    Mayor of Derry City and Strabane District Council, Cllr Lilian Seenoi Barr, who chaired the meeting added: “News from BT Group regarding the proposed closure of their Derry office is deeply concerning.

    “My immediate thoughts are with the 140 individuals and their families who are directly impacted by this announcement.

    “While BT Group outlines their rationale for this decision, citing a modernisation programme and consolidation of their estate, the potential loss of these jobs in our city is a significant blow.

    “Our city has a skilled and dedicated workforce and we will work tirelessly to mitigate the impact of this proposed closure and to continue attracting and retaining quality jobs in our city.

    “I will be following up with BT Group directly to express these concerns and to advocate for them to reconsider their decision and to take all the necessary steps to protect those impacted in our community.”

    MIL OSI United Kingdom –

    May 1, 2025

  • MIL-OSI United Nations: Risk Sciences (Science Direct)

    Source: UNISDR Disaster Risk Reduction

    Mission

    Risk Sciences is a general-interest journal that publishes academic research and industry practices on risks and disruptive technologies across all fields including agriculture, economics, engineering, environmental science, finance, health, law, management, natural sciences, and public administration. 

    Risk Sciences encompass all scientific areas that study the identification, quantification, analysis, communication and governance of risks and uncertainties across all walks of life and society. It has become a fast-evolving interdisciplinary domain with the increasing sophistication of human civilization at this day and age. An important aim of this journal is to become a leading platform for coalescing research interests across multiple disciplines and building the synergy for the advancement of Risk Sciences.

    MIL OSI United Nations News –

    May 1, 2025

  • MIL-OSI Asia-Pac: Union Minister of State Dr. L. Murugan to Launch White Paper on India’s Live Events Economy: A Strategic Growth Imperative at WAVES 2025

    Source: Government of India

    Union Minister of State Dr. L. Murugan to Launch White Paper on India’s Live Events Economy: A Strategic Growth Imperative at WAVES 2025

    India poised to emerge among the top five global entertainment destinations by 2030

    Live Events to be one of the fastest-growing verticals in India’s M&E ecosystem

    Posted On: 01 MAY 2025 1:27PM by PIB Mumbai

    Mumbai, 1 May 2025

     

    Union Minister of State for Information & Broadcasting and Parliamentary Affairs, Shri L. Murugan, will unveil “India’s Live Events Economy: A Strategic Growth Imperative”—a first-of-its-kind white paper commissioned by the Ministry of Information & Broadcasting.

    The White Paper will be formally released on May 3, 2025, during WAVES Summit 2025 in Mumbai. The White Paper presents a comprehensive analysis of India’s rapidly expanding live entertainment industry, highlighting emerging trends, growth trajectories, and strategic recommendations for the sector’s continued evolution.

    India’s live events landscape is undergoing a transformation—from a fragmented sector to a structured and influential pillar of the country’s cultural and creative economy. The period from 2024 to 2025 marks a defining inflection point, with international acts such as ‘Coldplay’ performing in Ahmedabad and Mumbai, signaling India’s readiness to host global-scale events.

    Key trends in the sector include the rise of event tourism, with nearly half a million attendees traveling specifically for live music events—indicating the emergence of a robust music-tourism economy. Premium ticketing segments—such as VIP experiences, curated access, and luxury hospitality—have witnessed over 100% year-on-year growth, pointing to an increasingly experience-driven audience. Participation from Tier-2 cities has surged, driven by multi-city tours and the growing popularity of regional festivals.

    In 2024, the organized live events segment recorded 15% growth, contributing an additional ₹13 billion in revenue—establishing it as one of the fastest-growing verticals within India’s media and entertainment ecosystem. Large-scale events in the current landscape typically generate approximately 2,000 to 5,000 temporary jobs each, underscoring the sector’s growing contribution to employment and skill development.

    With focused investments, policy support, and infrastructural upgrades, India is on track to position itself as one of the top five live entertainment destinations globally by 2030, unlocking new avenues for economic growth, employment generation, tourism, and enhanced global cultural presence.

     

    * * *

    PIB TEAM WAVES 2025 | Rajith/ Darshana | 121

    Follow us on social media: @PIBMumbai    /PIBMumbai     /pibmumbai   pibmumbai[at]gmail[dot]com  /PIBMumbai     /pibmumbai

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    MIL OSI Asia Pacific News –

    May 1, 2025

  • MIL-OSI USA: Tina Tauese Appointed International Auditor

    Source: US GOIAM Union

    IAM General Secretary-Treasurer Dora Cervantes has appointed longtime Local 2202 leader Tinae Tauese as an International Auditor, effective June 1, 2025. Tauese will help ensure the financial stewardship of IAM locals and districts in Washington, Oregon, Idaho, and Northern California.

    Currently employed by Alaska Airlines, Tauese serves as a Resource Planning Lead Customer Service Agent (LCSA) and Central Bidding Trainer. Her years of experience on the frontlines have helped her develop a deep understanding of member needs and the inner workings of the airline industry.

    “Tinae’s involvement in various IAM Local and District positions has given her a great understanding of how each role plays a part in representing our membership,” said Cervantes. “She has taken what she’s learned as a Local Secretary-Treasurer and on the job at Alaska Airlines and applied it to her role as a union leader.”

    Throughout her IAM career, Tinae has consistently stepped up to serve the membership. From 2008 to 2016, she served as a Local 2202 Shop Steward, helping to address workplace issues and advocate on behalf of her coworkers. From 2014 to 2020, she took on the role of Local 2202 Auditor and went on to serve as Secretary-Treasurer from 2020 to 2022.

    Her commitment to strengthening the union didn’t stop there. Tauese also served on the Local’s Bylaws and Women’s Committees from 2016 to 2022, and was appointed as a District 142 Trustee in 2022. Later that same year, she began her term as District 142 Assistant Secretary-Treasurer.

    “With nearly two decades of union involvement and a passion for serving the membership, Tinae brings a wealth of experience and dedication to this important leadership role,” said Paul Kendall, IAM Assistant Secretary to the General Secretary-Treasurer.

    “Tinae is committed to upholding the highest standards of financial accountability and supporting the locals and districts in any way possible,” said Bryan Pinette, IAM Special Assistant to the General Secretary-Treasurer. “She will be a great addition to our team of International Auditors.”

    Share and Follow:

    MIL OSI USA News –

    May 1, 2025

  • MIL-OSI: Draganfly and Autonome Labs Announce Teaming Agreement to Deliver UAV-Based Demining Mesh Deployment Solution

    Source: GlobeNewswire (MIL-OSI)

    Tampa, FL, May 01, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”) an industry-leading developer of drone solutions and systems is pleased to announce a strategic teaming agreement with Autonome Labs, a humanitarian tech innovator, to develop an integrated aerial deployment solution for M.A.G.I.C, (Mine and Ground Inert Clearance) Autonome’s groundbreaking mesh-based demining system.

    The collaboration will pair Draganfly’s Heavy Lift drone platform with Autonome’s M.A.G.I.C. system to safely and efficiently deploy demining mesh designed to detonate and neutralize landmines across hazardous terrain. This joint solution enables rapid clearance of explosive threats, significantly reducing risk to human demining teams and accelerating the restoration of safe, usable land.

    “This partnership reflects the best of what our technology is capable of, saving lives, rebuilding communities, and bringing hope where it’s needed most,” said Cameron Chell, CEO of Draganfly. “Working with Autonome Labs allows us to deliver real-world impact in some of the most challenging environments.”

    The Heavy Lift drone platform, engineered for accuracy and high-capacity transport, will be adapted to support low-altitude, precision deployment of Autonome’s smart mesh system.

    “Our collaboration with Draganfly represents a critical step forward in the way autonomous technologies are deployed in high-risk environments,” said Kyle Debanks, COO of Autonome Labs. “By combining our smart demining mesh system with Draganfly’s proven drone platform, we’re enabling a safer, more scalable solution for clearing dangerous terrain—ultimately protecting lives and restoring access to vital land.”

    Initial integration and testing will begin in 2025, with plans to pilot the system in post-conflict regions later in the year.

    About Autonome Labs

    Autonome Labs is a technology company specializing in advanced autonomous and robotic systems for complex and high-stakes environments. With a mission to transform industries through safe, reliable, and AI-driven solutions, Autonome develops cutting-edge technologies that address real-world challenges—from automated drone platforms to autonomous firefighting robots and intelligent systems designed for extreme conditions. By combining deep technical expertise with a forward-thinking approach, Autonome Labs delivers scalable solutions that enhance safety, efficiency, and operational performance across a wide range of industries.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives.

    For more information, visit www.draganfly.com.

    For investor details, visit:

    Media Contact
    media@draganfly.com

    Company Contact
    info@draganfly.com

    This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: the anticipated benefits of, and estimated revenue to be generated by, the teaming agreement; the integration of technology and products between Draganfly and Autonome; the timeline to develop, integrate and begin testing an an integrated aerial deployment solution for M.A.G.I.C; the business plans and expectations of the Company; and expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs of management as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the anticipated benefits and revenues of the agreement to Draganfly; meeting the continued listing requirements of the Nasdaq; and including, but not limited to, those factors set forth in the Company’s 20-F (equivalent to an Annual Information Form) under the section “Risk Factors” and Draganfly’s most recent filings in accordance with securities regulations in Canada on the SEDAR+ website at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such information.

    Neither the CSE nor the Nasdaq accepts responsibility for the adequacy or accuracy of this news release.

    The MIL Network –

    May 1, 2025

  • MIL-OSI: Flow Capital Announces 2024 Annual Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 01, 2025 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV:FW), a leading provider of flexible growth capital and alternative debt solutions, announces its unaudited financial and operating results for the for the three-months (Q4 2024) and year ended December 31, 2024.

    Q4 2024 Performance Highlights

    • 44% increase in Loan Interest Revenue to $2.7 million.
    • 61% increase in Recurring Free Cash Flow to $545,591
    • $0.018 in Recurring Free Cash Flow per share

    Full Year 2024 Performance Highlights

    • 31% increase in Loan Interest Revenue to $9.3 million.
    • 88% increase in Recurring Free Cash Flow to $1.9 million.
    • $0.061 in Recurring Free Cash Flow per share
    • 13% increase in Total Assets to $72.0 million.
    • A record $28.5 million in new capital deployment during the year.
    • Book Value per share up from $1.19 to $1.20.

    “This was another strong quarter, capping off a record year for Flow Capital. Q4 2024 represented the 6th consecutive quarter of sequential quarter-to-quarter Loan Interest Revenue growth. More importantly, we are growing our revenue while consistently generating positive free cash flow. 2024 represents the 5th straight year where we have generated positive recurring cash flow, generating a record $1.9 million during the year. We feel that our results are indicative of the growth and profitability our business model can support,” said Alex Baluta, CEO of Flow Capital.

    Detailed Financial Results are available on our website at www.flowcap.com/investor-relations/2024 or on www.sedar.com.

    Results of Operations

    (1)Recurring Free Cash Flow is an internally defined, non-IFRS measure calculated as loan interest revenue less loan amortization income, one-time payments, salaries, professional fees, office and general administrative expenses, and financing expenses. See the section “Use of Non-IFRS Financial Measures”.

    (2)Calculated by taking Total Shareholders’ Equity as reported on the Statements of Financial Position over the number of outstanding shares at period end. See the section “Use of Non-IFRS Financial Measures”.

    Conference Call Details

    Flow Capital will host a conference call to discuss these results at 9:00 a.m. Eastern Time, on Wednesday, May 2, 2025. Participants should call +1 800-717-1738 or +1 289-514-5100 and ask an operator for the Flow Capital Earnings Call, Conference ID 90558. Please dial in 10 minutes prior to the call to secure a line. A replay will be available shortly after the call. To access the replay, please dial +1 888-660-6264 or +1 289-819-1325 and enter passcode 90558#. The replay recording will be available until 11:59 p.m. ET, May 14, 2025.

    An audio recording of the conference call will be also available on the investors’ page of Flow Capital’s website at www.flowcap.com/investor-relations/2024

    About Flow Capital

    Flow Capital Corp. is a publicly listed provider of flexible growth capital and alternative debt solutions dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking $2 to $10 million in capital to drive their continued expansion.

    Learn more at www.flowcap.com

    For further information, please contact:

    Flow Capital Corp.

    Alex Baluta
    ‎Chief Executive Officer
    ‎alex@flowcap.com 
    47 Colborne St, Suite 303, 
    Toronto, Ontario M5E 1P8

    Non-IFRS Financial Measures

    This press release includes references to the non-IFRS financial measure “Recurring Free Cash Flow.” This financial measure is employed by the Company to measure its operating and economic performance, to assist in business decision-making, and to provide key performance information to senior management. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors and analysts use this information to evaluate the company’s operating and financial performance. This financial measure is not defined under IFRS, nor does it replace or supersede any standardized measure under IFRS. Other companies in our industry may calculate this measure differently than we do, limiting its usefulness as a comparative measure. Reconciliations of non-IFRS measures to the nearest IFRS measure can be found in this press release under “Reconciliation of Non-IFRS Measures.”

    Reconciliation of Non-IFRS Measures

    The table below reconciles Recurring Free Cash Flow for the periods indicated.

    Recurring Free Cash Flow is an internally defined, non-IFRS measure calculated as loan interest and royalty income less loan amortization income, one-time payments, salaries, professional fees, office and general administrative expenses, and financing expenses.

     Forward-Looking Information and Statements

    Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.

    The MIL Network –

    May 1, 2025

  • MIL-OSI: WISeKey Confirms June Launch of Next-Generation WISeSat Satellite with SpaceX Featuring Encrypted Communications and SEALCOIN Integration

    Source: GlobeNewswire (MIL-OSI)

    WISeKey Confirms June Launch of Next-Generation WISeSat Satellite with SpaceX Featuring Encrypted Communications and SEALCOIN Integration

    Geneva, Switzerland, May 1, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces the upcoming launch of its next-generation WISeSat.Space satellite aboard a SpaceX mission in June 2025. This milestone marks a major technological step forward for WISeSat.Space’s secure space communications infrastructure and the deployment of Transactional IoT (t-IoT) solutions directly from orbit.

    The upcoming satellite launch introduces two significant innovations: first, the capability to establish secure, encrypted communications with WISePhone mobile devices, and second, the integration of SEALCOIN, a decentralized agent embedded in the satellite enabling machine-to-machine (M2M) transactions from space. These features significantly enhance the utility of WISeSat.Space’s constellation, as it evolves toward a fully decentralized, secure IoT and communications network supporting autonomous digital ecosystems.

    This development supports WISeSat.Space’s ongoing mission to deliver secure, scalable IoT connectivity from space and strengthens European independence in satellite communications. By anchoring its infrastructure in Europe, WISeSat.Space ensures data sovereignty and helps reduce reliance on non-European providers for strategic technologies, in line with EU objectives for technological resilience and autonomy.

    The new generation of WISeSat.Space satellites are compact picosatellites that leverage SEALSQ Corp. (“SEALSQ”) (NASDAQ: LAES) semiconductors and WISeKey’s advanced cryptographic keys, including quantum-resistant algorithms. These satellites are optimized for secure, low-power, and long-range data collection in off-grid and remote locations. Their applications span environmental monitoring, disaster management, industrial automation, and smart agriculture. The technology ensures encrypted end-to-end data transmission, enabling safe and reliable operations in critical sectors.

    The launch will also include a Proof of Concept (PoC) demonstrating SEALCOIN’s potential to facilitate secure, decentralized satellite-initiated transactions with IoT devices without human intervention. Built on Hedera’s Decentralized Ledger Technology (DLT), SEALCOIN offers transparent, tamper-proof, and autonomous transaction capability,paving the way for a scalable transactional IoT infrastructure. This breakthrough sets the stage for next-generation M2M applications in smart cities, logistics, environmental sensing, and beyond.

    WISeSat a secure nanosatellite platform developed by WISeKey, through its space division, WISeSat.Space, is designed to provide resilient, encrypted, and globally accessible connectivity for IoT ecosystems. Its primary function is to enable secure, satellite-based communication for IoT devices deployed in remote, hard-to-reach, or infrastructure-poor areas where traditional terrestrial networks (such as fiber, 4G/5G, or Wi-Fi) are unavailable, unreliable, or too costly to implement.

    A key use case is in precision agriculture, where WISeSat can connect sensors measuring soil moisture, temperature, crop health, and irrigation needs, helping farmers optimize yields, reduce water waste, and increase sustainability,even in rural or developing regions. This satellite connectivity ensures constant data flow regardless of geography or local telecom limitations.

    Another important application is in environmental monitoring and climate science. Sensors deployed in remote forests, oceans, glaciers, or protected natural areas can transmit real-time data on air quality, deforestation, wildlife movement, or water levels. This helps governments, researchers, and NGOs make faster decisions on conservation, disaster prevention, or policy implementation.

    In industries such as oil and gas, mining, and maritime logistics, WISESat provides critical connectivity to monitor and control assets located in offshore rigs, remote mines, or cargo ships. This includes real-time tracking of machinery health, fuel consumption, emissions, and security status. Similarly, in global supply chains, the platform enables secure monitoring of the condition and location of containers and high-value goods as they traverse continents, oceans, and customs zones, greatly reducing theft, spoilage, and logistical inefficiencies.

    Healthcare is another frontier where WISESat is impactful. In remote or underserved areas, health monitoring devices and mobile clinics can use the satellite network to transmit patient data securely to centralized hospitals or doctors, enabling telemedicine and diagnostics even during emergencies or pandemics. It is especially critical for applications like vaccine refrigeration monitoring, ensuring proper storage temperatures in regions lacking stable electricity or cellular coverage.

    WISeSat also enhances disaster response capabilities. During earthquakes, hurricanes, blackouts or wildfires, terrestrial infrastructure is often destroyed or disrupted. WISeSat ensures that emergency response units and sensor networks continue to transmit data on ground conditions, population movement, and structural damage, enabling faster, data-driven response coordination.

    From a cybersecurity standpoint, WISESat integrates WISeKey’s advanced cryptographic technologies, including post-quantum encryption developed through its SEALSQ subsidiary. This makes it suitable for high-security applications such as defense, critical infrastructure monitoring, smart cities, and government communication, where data integrity and identity verification are essential. It also supports remote identity management, enabling secure authentication of both devices and users over satellite links.

    WISeSat serves as a critical enabler of secure digital transformation in sectors where uninterrupted, trustworthy, and decentralized connectivity is mission-critical. It bridges the digital divide and protects data integrity from the sky, ushering in a new era of trusted space-based communications.

    In parallel, the satellite’s upgraded semiconductor components, developed by SEALSQ, will enhance processing and communications capabilities, enabling faster and more responsive data transmission. These improvements are essential for real-time monitoring and automation in industries affected by climate change and other dynamic conditions.

    With this launch, WISeKey reaffirms its commitment to advancing secure, decentralized digital infrastructure from space while supporting Europe’s leadership in satellite innovation. The June mission represents a major leap forward in enabling trusted connectivity, secure IoT transactions, and autonomous systems that extend far beyond Earth’s surface.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network –

    May 1, 2025

  • MIL-OSI: United Community Banks, Inc. Announces Completion of Merger With ANB Holdings, Inc., The Parent of American National Bank

    Source: GlobeNewswire (MIL-OSI)

    GREENVILLE, S.C., May 01, 2025 (GLOBE NEWSWIRE) — United Community Banks, Inc. (NYSE: UCB) (“United”) completed its merger with ANB Holdings, Inc. (“ANB”) effective May 1, 2025. In this transaction, ANB’s wholly-owned bank subsidiary, American National Bank (“ANB Bank”), was also merged into United’s bank subsidiary, United Community Bank (“United Community”). ANB Bank will operate under the United Community brand after all core systems, signage, and branding are converted to those of United Community on the weekend of July 11, 2025.

    ANB Bank is headquartered in Oakland Park, Florida, a northern and fast-growing part of the Miami metropolitan area. Founded in 1985, ANB Bank primarily services Miami Dade, Broward, and Palm Beach Counties. It is a premier franchise with an experienced management team led by President and Chief Executive Officer Ginger Martin. ANB Bank’s high-touch customer service is delivered to retail and business customers through one location on North Federal Highway in Oakland Park. As of March 31, 2025, ANB Bank reported total assets of $452 million, with total loans of $317 million, and total deposits of $387 million, of which over $300 million are non-CD core deposits.

    “We are delighted to welcome American National Bank’s outstanding group of bankers to the United Community team. We’ve been working closely with this group for some time now, and we continue to be impressed with their community-focused, service-first approach to banking. The cultural alignment between our teams is very strong,” said Lynn Harton, Chairman and Chief Executive Officer of United. “This partnership will add a customer service focused hub in an attractive market. We look forward to continuing to invest in growth, employee engagement, and community development in the South Florida market.”

    Ginger Martin, President and Chief Executive Officer of ANB Bank, stated, “We have built an outstanding banking franchise in South Florida, and we are excited to move into this next phase of our growth in partnership with United Community. The alignment of our values and priorities, combined with a larger balance sheet and expanded product offerings, will ensure that we continue to provide excellent service to our customers and meaningfully contribute to our community.”

    Stephens Inc. acted as financial advisor to United, and Wachtell, Lipton, Rosen & Katz served as United’s legal advisor. Hovde Group, LLC served as ANB’s financial advisor, and Smith Mackinnon, PA served as ANB’s legal advisor.

    About United Community Banks, Inc.
    United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community, a top 100 U.S. financial institution committed to building stronger communities and improving the financial health and well-being of its customers. United Community offers a full range of banking, mortgage and wealth management services. As of March 31, 2025, United Community Banks, Inc. had $27.9 billion in assets and operated 200 offices across Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. The company also manages a nationally recognized SBA lending franchise and a national equipment finance subsidiary, extending its reach to businesses across the country. United is an 11-time winner of J.D. Power’s award for highest customer satisfaction among consumer banks in the Southeast and was named the most trusted bank in the region in 2025. The company has also been recognized eight consecutive years by American Banker as one of the “Best Banks to Work For.” In commercial banking, United earned five 2025 Greenwich Best Brand awards, including national honors for middle market satisfaction. Forbes has consistently named United among the World’s Best and America’s Best Banks. Learn more at ucbi.com.

    Caution About Forward-Looking Statements
    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. In general, forward-looking statements usually may be identified through use of words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, and include statements related to expected benefits of the merger and the timing of conversion. Forward-looking statements are not historical facts and represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements.

    Factors that could cause or contribute to such differences include, but are not limited to (1) the risk that the cost savings and any revenue synergies from the merger may not be realized or take longer than anticipated to be realized, (2) disruption from the merger of customer, supplier, employee or other business partner relationships, (3) reputational risk and the reaction of each of the companies’ customers, suppliers, employees or other business partners to the merger, (4) risks relating to the integration of ANB’s operations into the operations of United, including the risk that such integration will be materially delayed or will be more costly or difficult than expected, (5) risks associated with United’s pursuit of future acquisitions, (6) the risks associated with expansion into new geographic or product markets, and (7) general competitive, economic, political and market conditions. Further information regarding additional factors which could affect the forward-looking statements can be found in the cautionary language included under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in United’s Annual Report on Form 10-K for the year ended December 31, 2024, and other documents subsequently filed by United with the U.S. Securities and Exchange Commission.

    Many of these factors are beyond United’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this communication, and United undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for United to predict their occurrence or how they will affect United.

    United qualifies all forward-looking statements by these cautionary statements.

    For more information:
    Jefferson Harralson
    Chief Financial Officer
    (864) 240-6208
    Jefferson_Harralson@ucbi.com

    The MIL Network –

    May 1, 2025
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