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Category: Entertainment

  • MIL-OSI: PayPal launches its biggest online sales event in Australia, PayPal Frenzy

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, March 03, 2025 (GLOBE NEWSWIRE) — Bargain hunting Aussies can get ready to grab some fabulous discounts, with PayPal today announcing its biggest online sales event in Australia to date, PayPal Frenzy, with deals from more than 200 leading brands.

    PayPal, Australia’s most trusted way to pay onlinei, is partnering with Click Frenzy, to launch a seven-day online sale event, which will offer customers deals of up to 80% off, across leading fashion, beauty, home and tech brands.

    Deal hunters can dive in from 7pm (AEDT) on Tuesday, 4 March and keep an eye on the PayPal Australia and Click Frenzy Instagram channels for new offers until midnight, 10 March.

    PayPal lets shoppers spread out the cost of their purchases over 4 instalments, with PayPal Pay in 4 offering no late fees or interest charges. In fact, half (48%) of Australian buy now, pay later (BNPL) users say they’ve now switched to PayPal Pay in 4 because it has no late fees.ii

    PayPal’s Head of Consumer Marketing, Caitlin Hoey, said: “In a climate where Aussies are having to watch their hip pockets, sales can be a great tactic to spread your money further. This year we’re excited to expand PayPal Frenzy across fashion, electronics, home goods, travel, sport, home/interiors and even something for our furry friends.

    “Additionally, you’ve got the flexibility to pay later with PayPal Pay in 4 – letting you score unmissable deals using four easy instalments with no late fees or interest.

    “With research showing two-thirds of Aussie BNPL customers use BNPL to spread out the cost of larger purchases and more than half to manage cost of living pressures or their budget, PayPal Pay in 4 gives Australian consumers the payment flexibility and choice they’re looking for.” ii

    Payment methods can matter as much as discounts, with 38% of Australians having abandoned an online purchase because their favourite payment method wasn’t available and research indicating that PayPal is Australia’s most preferred and most-trusted online payment method.ii

    PayPal Frenzy is thrilled to welcome some of the biggest brands including Chemist Warehouse, The Iconic, Temu, Webjet and over 200 more.

    Here is just a sneak peak of what shoppers can expect:

    • Chemist Warehouse – up to 1/2 price off RRP on Vitamins & Supplements
    • The Iconic
      • 25% off on Women’s, Men’s & Kid’s
      • Up To 25% off on Sports, Beauty & Home
      • 40% Dresses and Sandals
      • 30% Women’s Footwear
    • Temu – Up to 30% off for new users
    • Webjet – $50 off Domestic Flight bookings when you check-out with PayPal Pay in 4
    • Sennheiser – 50% off storewide
    • Petbarn – Members save up to 40%
    • Manning Cartell – Dresses from $90 and up to 80% off.
    • Decathlon – Save up to 50% Sports Equipment (online only)
    • FILA – Up to 70% sitewide

    During PayPal Frenzy, 300 lucky shoppers will have the chance to win a share of $120,000 through PayPal’s social media giveaway.iii Simply checkout with PayPal Pay in 4 during the sale event and follow the steps to enter via the PayPalAU Instagram account.

    For all the amazing deals, follow PayPal Australia on Instagram (PayPalAU) and visit PayPal Frenzy.

    PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy.  For more information, visit https://about.pypl.com/ and https://investor.pypl.com/. 

    PayPal Australia was established in 2005 and has more than 9.5 million active Australian customer accounts. PayPal enables Australian consumers and businesses to easily and securely send, receive, and manage their money. The PayPal service is provided by PayPal Australia Pty Limited (ABN 93 111 195 389) which holds an Australian Financial Services Licence number 304962. PayPal credit services including PayPal Pay in 4 are provided by PayPal Credit Pty Limited (ACN 600 629 258). For more information visit PayPal Australia Newsroom for more information and follow us on Instagram or Facebook. 

    Established in 2012, Click Frenzy has partnered with 1000s of Australia’s biggest retailers to bring Aussie consumers the best deals and exclusive offers to one centralised location.

    Media Contact:
    For all media enquiries, interviews, or images, please contact Edelman Australia on 0432 159 901/ 0459 431 732 paypalAU@edelman.com / Agent99 PR on 0402 420 247 zarah@agent99pr.com.  

    References:

    i.   PayPal has been awarded Most Trusted Payments Brand 2024 – Roy Morgan Most Trusted Brand Awards 2024.
    ii.  PayPal Australia eCommerce Index 2025. Research conducted by Fifth Quadrant, commissioned by PayPal Australia. Online survey of 1.022 Consumers.
    iii. Terms & Conditions and eligibility rules apply. For competition T&Cs see the PayPal Australia Newsroom for full PayPal Pay in 4 and competition terms see PayPal.com/au.

    The MIL Network –

  • MIL-OSI Economics: Samsung India Launches Galaxy A56 5G, Galaxy A36 5G Featuring Awesome Intelligence, All-New Design and Enhanced Durability

    Source: Samsung

    Akshay Rao, General Manager, and Aditya Babbar, Vice President, MX Business, Samsung India at the launch of Galaxy A56 5G and Galaxy A36 5G
     
    Samsung, India’s largest consumer electronics brand, today announced the launch of Galaxy A56 5G and Galaxy A36 5G with Awesome Intelligence, featuring amazing search and visual experiences to reimagine creativity. Sporting an all-new design language, the new Galaxy A series smartphones also feature enhanced durability and performance, along with robust security and privacy protection.
     
    Awesome Intelligence
    Awesome Intelligence is available on Galaxy A56 5G and Galaxy A36 5G, enabling democratization of AI for Indian consumers. Awesome Intelligence, a comprehensive mobile AI suite, brings advanced AI features including Galaxy’s fan-favourite AI features. Google’s enhanced Circle to Search makes it easier than ever to search and discover from the phone’s screen. With the recent enhancements to Circle to Search, users can also instantly search the songs they hear without switching apps. Whether it’s a song playing on social media from their phone or music that’s playing from speakers near them, just long press the navigation bar to activate Circle to Search, then tap the music button to identify the song name and artist.
     
    Awesome Intelligence also features a range of intelligent Visual editing features like Auto Trim, Best Face, Instant Slo-mo and many others. Auto-Trim and Best face are flagship-level AI features that are now getting democratized with Galaxy A56 5G. The new smartphones also come with Object Eraser, allowing users to remove unwanted distractions from photos. Moreover, Filters enables custom filter creation by extracting colours and styles from existing photos for users to apply for a unique and personalized effect depending on mood and taste.
     
    Awesome Design
    Galaxy A56 5G and Galaxy A36 5G come with an all-new design language which now forms the benchmark for Galaxy A series. The new design language features a Linear Floating Camera Module and a ‘Radiance’ inspired colour theme. Galaxy A56 5G and Galaxy A36 5G are the slimmest ever Galaxy A series devices with just 7.4mm thickness.
     
    Awesome Display
    Galaxy A56 5G and Galaxy A36 5G feature a larger display created for a high-quality, immersive viewing experience. Both devices feature a 6.7-inch FHD+ Super AMOLED display with brightness levels reaching up to 1200 nits. New stereo speakers further enhance the experience with rich, balanced sound.
     
    Awesome Camera
    Galaxy A56 5G and Galaxy A36 5G smartphones take the camera experience to a new level with a powerful triple-camera system featuring a 50MP main lens and 10-bit HDR front lens recording on Galaxy A56 5G and Galaxy A36 5G for bright and crisp selfies. Galaxy A56 5G comes with a 12MP ultra-wide lens and brings enhancements to Nightography, with Low Noise Mode making its way to the 12MP selfie camera along with additional wide camera support to capture stunning content in low-light settings.
     
    Awesome Performance
    Both models also deliver enhanced performance for seamless multi-tasking. Galaxy A56 5G is powered by the Exynos 1580 chipset and Galaxy A36 5G runs on the Snapdragon® 6 Gen 3 Mobile Platform. A larger vapor chamber in both devices helps sustain performance, ensuring smooth gameplay and video playback.
     
    Awesome Battery
    With a 5,000mAh battery, Galaxy A56 5G and Galaxy A36 5G are designed to keep up with users’ daily routines. Galaxy A56 5G and Galaxy A36 5G support 45W charging power and Super-Fast Charge 2.0 technology, delivering faster charging for extended use.
     
    Awesome Durability
     
    Galaxy A36 5G and Galaxy A56 5G feature an IP67 dust and water resistance rating. Additionally, an advanced Corning® Gorilla Victus+ Glass adds a layer of durability against scratches and cracks. Moreover, with six generations of Android OS and six years of security updates, the new Galaxy A series reinforces its focus on software longevity. These updates add additional support towards optimizing the devices’ lifecycle, ensuring users can enjoy a smooth and reliable experience for years to come.
     
    Awesome Security and Privacy
    Thanks to the integration of One UI 7 on the Galaxy A series for the first time, Samsung is further supporting robust security and privacy. With Samsung Knox Vault, the Galaxy A series provides an extra, fortified layer of device safety, transparency and user choice – ensuring sensitive data always stays protected. Equipped with the latest One UI 7 security and privacy features, Galaxy A series users benefit from holistic protection — including enhancements in Theft Detection, More Security Settings and other features.
     
    Variants, Price, Colours and Offers
    As part of the launch offers, customers purchasing Galaxy A56 5G and Galaxy A36 5G will get a free storage upgrade worth INR 3000, making it an awesome deal. Customers will get the 12GB 256GB variant at the price of the 8GB 256GB variant and the 8GB 256 GB variant at the price of the 8GB 128GB variant at no extra cost.
     

    Galaxy A56 5G

    Memory
    Price
    Net Effective Price
    Launch Offer
    Colours
    12GB 256GB
    INR 47,999
    INR 44,999
    Get 12GB 256GB variant at the price of 8GB 256GB variant
    Awesome Olive, Awesome Lightgray, Awesome Graphite
    8GB 256GB
    INR 44,999
    INR 41,999
    Get 8GB 256GB variant at the price of 8GB 128GB variant
    8GB 128GB
    INR 41,999
    INR 41,999
    NA
     

    Galaxy A36 5G

    Memory
    Price
    Net Effective Price
    Launch Offer
    Colours
    12GB 256GB
    INR 38,999
    INR 35,999
    Get 12GB 256GB variant at the price of 8GB 256GB variant
    Awesome Black, Awesome Lavender, Awesome White
    8GB 256GB
    INR 35,999
    INR 32,999
    Get 8GB 256GB variant at the price of 8GB 128GB variant
    8GB 128GB
    INR 32,999
    INR 32,999
    NA
     
     
    Galaxy A56 5G will be available in Awesome Olive, Awesome Lightgray and Awesome Graphite colours while Galaxy A36 5G will be available in Awesome Lavender, Awesome Black and Awesome White.
     
    Additional Offers
    Apart from the primary storage upgrade offer, consumers can also get Samsung Care+ one-year screen protection at just INR 999, against the original price of INR 2,999. Customers can also avail up to 18 months no cost EMI on Galaxy A56 5G and up to 16 months no cost EMI on Galaxy A36 5G. Additionally, customers will get an Amazon voucher up to INR 400 on using Samsung Wallet for select transactions.
     
    Availability
    Galaxy A56 and Galaxy A36 are now available for purchase via Samsung.com, across Samsung exclusive and partner stores, and other online platforms.

    MIL OSI Economics –

  • MIL-OSI: Electronic Communications Letter

    Source: GlobeNewswire (MIL-OSI)

    3 March 2025

    Admiral Group Plc (“the Company”)

    Electronic Communications Letter

    On 28 February 2025, the Company posted a letter to all its shareholders who currently receive hard copy shareholder information concerning the option to instead receive electronic communications in the future. A copy has also been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.  A copy of the letter can also be viewed on the Investor Relations section of the Company’s website at www.admiralgroup.co.uk/investor-relations.

    Dan Caunt
    Company Secretary
    Admiral Group Plc
    LEI: 213800FGVM7Z9EJB2685

    The MIL Network –

  • MIL-OSI United Kingdom: Liverpool Calling: The Results Are In

    Source: City of Liverpool

    Ground-breaking research has found that hosting the Eurovision Song Contest 2023 delivered a £54million economic boost to the Liverpool City Region. 

    In a first for any Eurovision Song Contest host city, a Multi-Agency Evaluation Steering Group led by Liverpool City Council, has commissioned five in-depth, independent evaluations – the interim results of which will be announced today (Thursday 26 October) by Leader of Liverpool City Council, Councillor Liam Robinson and Liverpool City Region Mayor, Steve Rotheram.

    The reports looked at the economic and social impact of staging the event on behalf of Ukraine, as well as the influence on cultural relations; the impact on wellbeing in the city and the wider city region; the visitor experience and the effectiveness of the strategic collaboration between delivery agencies. 

    Key data highlights include:

    The Big Numbers

    • Eurovision boosted the Liverpool City Region economy by £54.8million (net) with restaurants, accommodation providers, shops, bars and transport networks all benefitting.
    • In total 473,000 people attended Eurovision events in the city, with 306,000 additional visitors heading to Liverpool to be part of the celebrations.
    • In May, 175,000 city centre hotel rooms were sold  – the best month on record since 2018. (STEAM data)   

    Culture Counts

    • The education and community programmes, EuroStreet and EuroLearn, engaged with 367 organisations and directly with 50,000 people, young and old. The overall programme is estimated to have reached 2 million people.
    • EuroFestival – the Culture Liverpool curated two-week culture festival – presented 24 brand new commissions, 19 of which were in collaboration with Ukrainian artists. A huge 328,346 people engaged with this programme – 557 artists, 1,750 participants involved in a commission and an audience number of 326,039.
    • The official Eurovision Village, located at the Pier Head attracted 250,000 visitors across the ten days it was open, with the ticketed final selling out within hours.

    Visitor’s Views

    • Visitors to Liverpool reported an overwhelmingly positive experience. In a survey, 89 per cent of those questioned, felt it was a safe event and 88 per cent praised its inclusivity. A whopping 96 per cent of those surveyed would recommend Liverpool as a destination to visit and 42 per cent of overseas visitors said the city’s staging of the event had a positive impact on how they viewed the UK.
    • The official Eurovision Fan Club – the OGAEs – carried out a survey and found that 99 per cent of their members felt welcomed in the city and 98 per cent loved the undeniable festival atmosphere.

    Resident’s Reaction

    • There was a huge amount of pride around Liverpool being the host city, with 80 per cent of residents noting how important it was for Liverpool and a further 93 per cent saying they were pleased with how the city delivered the event.
    • Of those questioned, 74 per cent were enthusiastic about Liverpool hosting on behalf of Ukraine and 71 per cent felt that the city’s leading role promoted positive feelings across all of the participating nations.

    People Power

    • An impressive 475 people provided 12,000 hours of volunteering, covering 350 shifts. The majority (90 per cent) were from the North West of England, and 30 were Ukrainian.
    • A Eurovision job recruitment fair saw 394 jobs offered in one day.
    • A partnership between the BBC and Liverpool Institute for Performing Arts saw 145 students become part of the Eurovision production – in roles such as on stage dancers in the live shows, costume makers or in the TV production team.

    Read all about it

    • Between the period of October 2022, when Liverpool was announced as host city, until end of May 2023, more than 280,000 pieces of global news coverage were generated.
    • The three live BBC shows were watched by 162 million people.

    Keep Liverpool Tidy

    • More than 50,000 tonnes of waste was collected throughout the Eurovision period, 80 per cent of which could be recycled.

    The independent reports were:

    • Economic Impact – Commissioned by Liverpool City Region Combined Authority and funded by Arts and Humanities Research Council. The research was compiled by AMION Consulting.
    • Community and Wellbeing – Commissioned by Liverpool City Council and funded by Spirit of 2012 and the Department of Culture, Media and Sport (DCMS). The research was carried out by University of Liverpool.
    • Cultural Diplomacy – Commissioned by Liverpool City Council and funded by British Council and DCMS. The British Council led on the research along with the University of Hull, and consultants from Universities of Brighton, Southampton and Royal Holloway (University of London).
    • Nightlife – Funded and compiled by Liverpool John Moores University.
    • Multi–Agency Working – Led by Edge Hill University.  

    Along with these reports, the BBC has commissioned its own Eurovision Highlights Report.

    To bring together the findings of the reports, Liverpool City Council’s Public Health team commissioned The Heseltine Institute for Public Policy, Practice and Place to compile the headline findings. This comprehensive overview can be found at the Heseltine Institute website. 

    The interim findings of these reports will be discussed at a special one-day Eurovision event taking place at ACC Liverpool today (Thursday 26 October).

    Head to the official Liverpool Calling website for full details of the day which will include panels with the Liverpool Host City team who will give an insight into the complexities of staging an event of this scale. This is a Liverpool City Council event supported by the Liverpool BID Company and The ACC Liverpool Group.

    Follow @CultureLpool on Twitter, @CultureLiverpool on Facebook and @culture_liverpool on Instagram for the latest updates as well as using #LiverpoolCalling on social media.

    Reaction

    Leader of Liverpool City Council, Councillor Liam Robinson, said:

    “The whirlwind that was Eurovision, gave this city an unparalleled stage where it could showcase not just its organisational prowess, but also its heart and soul.

    “From the outset, we put plans in place to evaluate everything we programmed in order to have a thorough understanding of the impact of major events.

    “The visitor and economic figures speak for themselves – jobs were created, local businesses were on the receiving end of a much-needed boost and hundreds of thousands of people came to the city, had a great time and are more than likely to return again.

    “My mantra is proud but never satisfied. These comprehensive reports give us the opportunity to reflect on what was achieved over an incredibly short period of time, but more importantly we can look at lessons learnt for the next time we host a major event. And this is Liverpool, so there will definitely be a next time.

    “Knowing the financials and the visitor numbers is always a great indicator of success, but with Eurovision we wanted to do more. As the first host city ever to introduce a school and community programme dedicated to Eurovision, we needed to drill into what that really meant for people – did it make a positive difference to their lives and as a result to our city? Never before has any other location commissioned such a detailed analysis, and it goes without saying that our methodology can be adopted by locations across the world which is a real badge of honour for Liverpool.

    “This collective research proves that events like Eurovision can transcend boundaries, leaving a legacy of inspiration and goodwill. It was a milestone moment in our city’s history, and now we’re more than ready for the next one.”

    Liverpool City Region Mayor Steve Rotheram said:
    “There was never a doubt in my mind as to whether our region was up to the challenge of hosting a global spectacle like Eurovision on behalf of our friends in Ukraine – because nowhere does culture bigger or better than the Liverpool City Region. From the hundreds of thousands of visitors who flocked to our region for a fortnight of fun and frivolity, to the tens of millions around the world who tuned in, we gave millions of people a Eurovision they will never forget.

    “While that’s an incredible result in itself, the contest was also a vital shot in the arm for our local economy, bringing in more than £54m, creating thousands of jobs and opportunities for local people and showcasing our brand to an international audience. None of this would have been possible without the hard work of everyone who truly embraced the Eurovision spirit and made our visitors feel so welcome. I said all along that nowhere can throw a party quite like us – and now we have the results to prove it!”

    Liverpool’s Director of Culture, Claire McColgan CBE, said:

    “We experienced this Eurovision-high as a result of cultural back catalogue.

    “We have spent years working towards what we all experienced in May – we cut our teeth during our European Capital of Culture year and from that point we have grown exponentially in confidence and ability as year-on-year we continue to deliver events that rival any other on the world stage.

    “The pandemic was a real line in the sand for us, and undoubtedly Liverpool’s role in leading the charge on the reopening of venues nationwide made us stand out from the crowd – we are recognised as a city that can deliver unforgettable moments, safely, quickly and with a scouse panache that simply can’t be replicated anywhere else.

    “Quite simply, it was an honour to deliver Eurovision on behalf of Ukraine and the UK. I’ve never known time move so fast as it did across those seven months and it has been a real pleasure to digest these impact reports and relive the experience once again and reassure myself it wasn’t just a crazy dream! They underline the fact Liverpool has the skill, agency-wide teamwork and the creativity to deliver time and time again.

    “So I’d like to say to everyone – whether you worked on the event, donned those iconic yellow hoodies and volunteered, performed on stage or on our streets, danced at the Village, sang along at the arena or perhaps you discovered more about Ukraine in the classroom or even helped evaluate the event – thank you. You made Eurovision. Liverpool made Eurovision. We were all united by music.”

    Eurovision Minister Stuart Andrew said: 

    “It is fantastic to see the impact that hosting the Eurovision Song Contest has had on Liverpool. The city put on a fantastic display of culture and creativity, showing solidarity with our friends in Ukraine and highlighting what unites us all. 

    “This research demonstrates the positive impact of hosting major events and I hope that we can continue to build on this success.” 

    Tim Jones, the University of Liverpool’s Vice-Chancellor said:

    “Today’s announcement gives us much to be proud of. It was the University’s Heseltine Institute that compiled the data that this success is judged on and it was our academics who played an important role in carrying out a key strand of research. But as a civic institution, we are immensely proud of the city of Liverpool. Our city put on a show like no other and I am delighted to see these positive results that I’m sure will have a lasting legacy for those who live, work, study and do business here.”

    Rhiannon Corcoran, Professor of Psychology and Public Mental Health University of Liverpool said:

    “Our survey was designed to understand Eurovision’s impact on the wellbeing and sense of community of local residents. The data we collected shows overwhelmingly positive feelings of pride in the city. I’m sure many people will recognise and understand how this is hugely beneficial to wellbeing.” 

    Sue Jarvis, Co-Director at the Heseltine Institute said:

    “At the Heseltine Institute we were delighted to work with partners across the city to publish this summary of the comprehensive evaluation of what Eurovision achieved for our city.

    “Liverpool has a long history of hosting and learning from major events, and these evaluations will help developing understanding of the key lessons from Eurovision 2023.

    “While the full legacy will emerge over time, it was fantastic to see that the positive impacts of Eurovision exceeded expectations. Eurovision not only brought immense financial and cultural benefits to the city but also enhanced the view of Liverpool across the UK, Europe and the world.”

    Phil Harrold, BBC Chief of Staff and Chair of 2023 City Selection Group, said:
    “When the BBC selected Liverpool to host the Eurovision Song Contest 2023 we knew that the city would deliver with a passion and enthusiasm that was second to none. The incredible numbers proven in this research, coupled with our own record-breaking audience figures, demonstrate that 2023 was indeed the most successful Eurovision ever and is testament to all who played a part in bringing this year’s Song Contest to life.”

    Amy Finch – Head of Policy & Influencing, Spirit of 2012, said:

    “We are proud to see the headline statistics from the Eurovision evaluations show tremendous benefits for Liverpool. Particularly, we are delighted to see the amazing reach of EuroLearn and the effects of cultural engagement inspiring civic pride in Liverpool residents. Liverpool has once again proven itself to be a world class host city and we must ensure that the impact of Eurovision in communities will endure for years to come.”

    Dr Rebecca Phythian, Reader in Policing at Edge Hill University, said:

    “Having behind the scenes access to see first-hand the partnership working that goes into staging multi-agency operations like Eurovision was incredible. Since then, we’ve been working with practitioners from Merseyside Police, Culture Liverpool, BBC and many of the other organisations involved to identify what worked well and what could be done differently, all to inform future large-scale operations.”

    Mike Smith, Edge Hill University’s Senior Lecturer in Policing, said:

    “We found that trust and co-location were key to effective information sharing and multi-agency working. This was supported by building new, and strengthening existing, relationships, and ensured a joint understanding of risk and situational awareness.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Merseyside Police prepares for packed events schedule

    Source: City of Liverpool

    Merseyside Police has already begun extensive planning for another busy calendar of events across the region, with community partners continuing to play a vital role in ensuring the safety of those attending.

    The force’s planning teams are well-versed in delivering policing operations for major events, from the internationally renowned Aintree Races to Liverpool Pride. In the coming months, police and partners will draw up security plans for familiar favourites such as music concerts at the city’s waterfront and Anfield stadium and this year’s exciting addition to the calendar: Radio 1’s Big Weekend at Sefton Park in May.

    Chief Inspector Iain Wyke of Protective Security Operations at Merseyside Police said: “We’re fortunate to host a diverse range of events that bring visitors from far and wide to experience what Merseyside offers.

    “Our operational planning for this year’s events began many months ago. This includes working with partners to minimise disruption to local communities and delivering training for event organisers, venue staff and local businesses on how to spot suspicious activity and what action to take. Working with, and supporting partners, ensures the smooth running of these events, disrupting any potential criminal activity and keeping people safe.”

    Liverpool City Council’s Cabinet Member for Health, Wellbeing and Culture, Councillor Harry Doyle, said: “Our collaboration with Merseyside Police is incredibly valuable and as a top, global city for major events, this Team Liverpool approach is crucial. Supporting Project Servator allows us to disrupt criminal activity and ensure public safety is paramount before and during the events we host here.”

    The force will use a variety of tactics as part of its operational plans including Project Servator deployments, which have been used in Merseyside since 2018. The deployments are deliberately unpredictable and use specially trained uniform and plain-clothes officers to spot tell-tale signs that someone may be gathering information to help them plan or prepare to commit a crime. These officers will also encourage the public, including people working in local businesses, to be extra eyes and ears, and report suspicious activity.

    Chief Inspector Wyke added: “These highly visible Project Servator deployments are supported by colleagues in other specialist roles such as firearms officers and dog handlers. The officers are also in contact with City Watch for round-the-clock monitoring of the CCTV network used across the force area.

    “If you see a Project Servator deployment, there’s nothing to worry about. Feel free to talk to officers, they will be happy to explain what they are doing and how you can help keep people safe.”

    Everyone can play a part in ensuring a successful and safe programme of events. If you are out and about, report anything you see that doesn’t feel right immediately to a member of staff or a police officer. Or call the police on 101. If it is an emergency, always call 999.

    Guidance on how to help, including what suspicious activity to look out for, and confidential reporting is available at www.gov.uk/act.

    MIL OSI United Kingdom –

  • MIL-OSI: Volatus Aerospace and Draganfly Expand Collaboration to Service High-Value Geospatial Power Utility Customers

    Source: GlobeNewswire (MIL-OSI)

    Toronto, ON and Saskatoon, SK, March 03, 2025 (GLOBE NEWSWIRE) — Volatus Aerospace Inc. (TSXV: FLT) (OTCQX:TAKOF) (Frankfurt: ABB) (“Volatus”) and Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly”) announced today a strategic collaboration to address rapidly growing global demand for the automation and digitization of geospatial data collection and analysis solutions for Utility Infrastructure. This teaming agreement builds on the previously announced collaboration agreement, harnessing Volatus’ operational and regulatory capabilities, advanced sensor technology and Draganfly’s advanced product, engineering, and integration capabilities.

    This expanded collaboration will engage high-profile global power and infrastructure providers to enhance efficiency and safety in power utility solutions. By combining Volatus’ extensive experience in power utility inspections and right of way management with Draganfly’s product and engineering capabilities, the partnership is positioned to offer a strong competitive advantage to support large Enterprise clients looking for an advanced end to end solution.

    “As the demand for drone-based solutions continues to increase in multiple sectors, strategic collaborations are a key enabler to meet the diverse needs of clients without introducing unnecessary commercial risk,” Glen Lynch, CEO of Volatus Aerospace, stated. “Industries need more than products, they need solutions. By combining Draganfly’s advanced product platform with Volatus’ deep domain expertise and operational and regulatory capabilities, we can provide clients with a complete solution to their challenges.”

    “Partnering with Volatus Aerospace allows us to incorporate our advanced product platform of multiple interoperable drones into a complete solution for power utilities,” Cameron Chell, CEO of Draganfly, commented. “The power utility industry is increasingly seeking advanced, safe, and efficient data acquisition methods, something we have designed from the ground up. This collaboration reinforces our commitment to providing cutting-edge solutions that meet the complex demands of today’s power utilities while enhancing our market reach.”

    In a recent report, MarketsandMarkets estimates that the global market for utility asset management, which includes inspection services among other components, is projected to grow to USD 4.09 billion by 2026. This growth is driven by the increasing investments in grid modernization activities, the need for efficient and reliable power supply, and the integration of renewable energy sources into the grid.

    The collaboration is expected to deliver enhanced value to an identified client(s) that will ultimately contribute to the modernization of infrastructure management.

    About Volatus Aerospace Inc.

    Volatus Aerospace is a leader in innovative global aerial solutions for intelligence and cargo. With a strong foundation of over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems (RPAS). We serve industries such as oil and gas, utilities, healthcare, and public safety. Our mission is to enhance operational efficiency, safety, and sustainability through cutting-edge, real-world solutions.

    About Draganfly Inc.

    Draganfly Inc. is a pioneer in drone technology and systems, providing quality, cutting-edge UAV solutions, software, and AI systems to revolutionize operations across public safety, agriculture, industrial inspections, defense, and surveying. With over 24 years of innovation, Draganfly is recognized for its commitment to ingenuity, first-class service, and the ability to save time, money, and lives.

    For more information on Draganfly, please visit www.Draganfly.com

    Forward-Looking Statements

    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: (i) the anticipated benefits of, and estimated revenue to be generated by, the collaboration agreement; (ii) the business plans and expectations of the Company; and (iii) 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 TSXV and Draganfly meeting the continued listing requirements of the Canadian Securities Exchange and the Nasdaq; and including, but not limited to, those factors set forth in the Company’s 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 forward-looking information.

    None of the Canadian Securities Exchange, TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) or the Nasdaq accepts responsibility for the adequacy or accuracy of this news release.

    TSXV: FLT

    Media Contacts

    Danielle Gagne
    Head of Marketing and Communications, Volatus Aerospace
    +1 833-865-2887
    Danielle.gagne@volatusaerospace.comErika Racicot
    Public Relations, Draganfly
    media@draganfly.com
    Company Contact Email: info@draganfly.com

    The MIL Network –

  • MIL-OSI: Bitfarms Provides February 2025 Production and Operations Update  

    Source: GlobeNewswire (MIL-OSI)

    – Operational hashrate of 16.1 EH/s –
    – Acquisition of Stronghold Digital Mining & sale of Yguazu site on track for Q1 2025 close –
    -Appoints Craig Hibbard to SVP of Infrastructure-

    This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, March 03, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, today issued its latest monthly production report. All financial references are in U.S. dollars.

    CEO Ben Gagnon stated, “We are on track to close our acquisition of Stronghold Digital Mining (“Stronghold”) following the recent successful shareholder vote which Stronghold shareholders voted overwhelmingly in support. Combined with the strategic sale of our 200 MW Yguazu, Paraguay data center, also on track for a Q1 2025 close, these accretive transactions will improve our energy portfolio and transform Bitfarms into a North American energy and compute infrastructure company with lower-cost energy and high-quality assets, suitable for both HPC/AI and Bitcoin mining.

    “In addition, I am thrilled to welcome our new SVP of Infrastructure, Craig Hibbard. Craig joins us from Mawson Infrastructure Group where he was Chief Development Officer. He has over 25 years of experience leading large-scale real estate development projects, including the recent rapid design and construction of over 200 MW of digital infrastructure for a U.S. firm specializing in digital assets and HPC/AI. Based in Pennsylvania, Craig will play a critical role in managing infrastructure development for our rapidly expanding PJM portfolio and advancing our HPC/AI business.”

    SVP of Global Mining Operations Alex Brammer said, “During February we grew our operational hashrate 6% to 16.1 EH/s and grew our average operational hashrate 20% to 13.4 EH/s, achieving new all-time highs in three out of four countries. This growth will continue as we deploy miners in the U.S. and Argentina and optimize performance across all of our data centers.”

    February 2025 Select Operating Highlights

    Key Performance Indicators February 2025 January 2025
    Total BTC earned 213 201
    Month End Operating EH/s 16.1 15.2
    BTC/Avg. EH/s 16 18
    Average Operating EH/s 13.4 11.2
    Energized Capacity (MW) 437 437
    Hydropower (MW) 256 256
    Watts/Terahash Efficiency (w/TH) 20 20
    BTC Sold 75 42
    • 16.1 EH/s operational at February 28, 2025, up 6% M/M.
    • 13.4 EH/s average operational, up 20% M/M.
    • 16 BTC/average EH/s, 11% lower M/M.
    • 213 BTC earned, 6% higher M/M.
    • 7.6 BTC earned daily on average, equal to ~$638,400 per day based on a BTC price of $84,000 at February 28, 2025.

    February 2025 Financial Update

    • Sold 75 of the 213 BTC earned as part of the Company’s regular treasury management practice for total proceeds of $6.5 million.
    • Added 108 BTC, bringing Treasury to 1,260 BTC, up from 1,152 BTC last month and representing $105.8 million based on the Bitcoin price of $84,000 at February 28, 2025. This includes the transfer of 30 BTC to a third party as collateral for active option contracts during the month.

    Upcoming Conferences and Events

    • March 12, 2025: Cantor Fitzgerald Global Technology Conference (NYC)
    • March 17-18, 2025: 37th Annual ROTH Conference (Dana Point, CA)

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global vertically integrated Bitcoin data center company that sells its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated mining facilities with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers.

    Bitfarms currently has 13 operating Bitcoin data centers, as well as hosting agreements with two data centers, in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://twitter.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Glossary of Terms

    • Y/Y or M/M= year over year or month over month
    • BTC or BTC/day = Bitcoin or Bitcoin per day
    • EH or EH/s = Exahash or exahash per second
    • MW or MWh = Megawatts or megawatt hour
    • GW or GWh= Gigawatts or gigawatt hour
    • w/TH = Watts/Terahash efficiency (includes cost of powering supplementary equipment)
    • HPC/AI = High Performance Computing / Artificial Intelligence
    • Energized capacity= Power available
    • Operational capacity= Power and infrastructure being used for current operations
    • PJM= Pennsylvania- New Jersey- Maryland Interconnection LLC

    Forward-Looking Statements

    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding projected growth, target hashrate, opportunities relating to the Company’s geographical diversification and expansion, the merits of the rebalancing operations to North America and projected growth, the North American energy and compute infrastructure strategy, deployment of miners as well as the timing therefor, closing of the Stronghold acquisition on a timely basis and on the terms as announced, the positive impact of the Stronghold acquisition and the ability to gain access to additional electrical power and grow hashrate of the Stronghold business, the sale of the Yguazu, Paraguay Site and the reinvestment of the proceeds of the sale for growth, opportunities relating to the potential of the Company’s data centers for HPC/AI, performance of the plants and equipment upgrades and the impact on operating capacity including the target hashrate and multi-year expansion capacity, the opportunities to leverage Bitfarms’ proven expertise to successfully enhance energy efficiency and hashrate, the benefits of diversification and other statements regarding future growth, plans and objectives of the Company are forward-looking information. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

    This forward-looking information is based on assumptions and estimates of management of the Company at the time they were made, and involves known and unknown risks, uncertainties and other factors which 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 such forward-looking information. Such factors include, among others, risks relating to: the construction and operation of the Company’s facilities may not occur as currently planned, or at all; there is no guarantee that the Company will be able to complete the acquisition of Stronghold Digital Mining, Inc. or the sale of the Yguazu, Paraguay Site on the terms as announced, or at all; expansion may not materialize as currently anticipated, or at all; the anticipated merits of the HPC/AI strategy, the benefits and programs of the PJM deregulated market and the objectives of diversification in general may not be realized as planned; efforts to improve and optimize the performance of equipment may not be successful; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company’s electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company’s profitability; future capital needs and the ability to complete current and future financings, including Bitfarms’ ability to utilize an at-the-market offering program ( “ATM Program”) and the prices at which securities may be sold in such ATM Program, as well as capital market conditions in general; share dilution resulting from an ATM Program and from other equity issuances; the risk that a material weakness in internal control over financial reporting could result in a misstatement of the Company’s financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; any regulations or laws that will prevent Bitfarms from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission at www.sec.gov), including the restated MD&A for the year-ended December 31, 2023, filed on December 9, 2024. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by the Company. There can be no assurance that such statements 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 any forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law . Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Additional Information about the Stronghold Acquisition and Where to Find It

    This communication relates to a proposed merger between Stronghold and Bitfarms. In connection with the proposed merger, Bitfarms has filed the registration statement with the SEC. After the registration statement is declared effective, Stronghold will mail the proxy statement/prospectus to its shareholders. This communication is not a substitute for the registration statement, the proxy statement/prospectus or any other relevant documents Bitfarms and Stronghold has filed or will file with the SEC. Investors are urged to read the proxy statement/prospectus (including all amendments and supplements thereto) and other relevant documents filed with the SEC carefully and in their entirety if and when they become available because they will contain important information about the proposed merger and related matters.

    Investors may obtain free copies of the registration statement, the proxy statement/prospectus and other relevant documents filed by Bitfarms and Stronghold with the SEC, when they become available, through the website maintained by the SEC at www sec.gov. Copies of the documents may also be obtained for free from Bitfarms by contacting Bitfarms’ Investor Relations Department at investors@bitfarms.com and from Stronghold by contacting Stronghold’s Investor Relations Department at SDIG@gateway-grp.com.

    No Offer or Solicitation

    This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy, sell or solicit any securities or any proxy, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be deemed to be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    Participants in Solicitation Relating to the Stronghold Acquisition

    Bitfarms, Stronghold, their respective directors and certain of their respective executive officers may be deemed to be participants in the solicitation of proxies from Stronghold’s shareholders in respect of the proposed merger. In connection with the proposed merger, Bitfarms has filed with the SEC a registration statement on Form F-4 on December 19, 2024, which includes a proxy statement of Stronghold that also constitutes a prospectus of Bitfarms. This communication may be deemed to be solicitation material in respect of the proposed merger. Additional information regarding the interests of such potential participants, including their respective interests by security holdings or otherwise, will be set forth in the proxy statement/prospectus and other relevant documents filed with the SEC in connection with the proposed merger if and when they become available. These documents are available free of charge on the SEC’s website and from Bitfarms using the sources indicated above.

    Investor Relations Contact:

    Bitfarms
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contact: 

    Bitfarms
    Caroline Brady Baker 
    Director, Communications   
    cbaker@bitfarms.com 

    The MIL Network –

  • MIL-OSI: Hyperscale Data, Inc. Announces Preliminary 2024 Results: $108.8 Million in Revenue, $150.3 Million Pro Forma with Giga-tronics

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, March 03, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today reported preliminary unaudited financial results for the year ended December 31, 2024, reflecting significant revenue contributions from its two primary subsidiaries, (i) Sentinum, Inc. (“Sentinum”), whose subsidiary, Alliance Cloud Services, LLC (“ACS”) owns the Michigan data center (the “Data Center”), which is focused on high-performance computing (“HPC”) services powering artificial intelligence (“AI”) infrastructure and (ii) Ault Capital Group, Inc. (“ACG”), which operates as a hybrid private equity firm. The Company also reaffirmed its commitment to transforming into a pure-play AI data center operator by the end of 2025.

    2024 Unaudited Preliminary Financial Highlights:

    • Total revenue: $108.8 million;
    • Pro forma revenue (including Giga-tronics defense unit): $150.4 million;
    • Sentinum revenue: $30.6 million from crypto mining and $0.9 million from real estate leases;
    • ACG revenue: $77.3 million across energy, fintech, hotels and technology investments; and
    • Giga-tronics defense unit (deconsolidated and discontinued operations): $41.6 million in revenue.

    Giga-tronics

    On August 14, 2024, Giga-tronics, Inc. (“Giga-tronics”), filed a petition for reorganization under Chapter 11 of the bankruptcy laws. The filing placed Giga-tronics under the control of the bankruptcy court, which oversees its reorganization and restructuring process. Prior to the bankruptcy, Hyperscale Data consolidated Giga-tronics as a majority owned subsidiary. The Company assessed the inherent uncertainties associated with the outcome of the Chapter 11 reorganization process and the anticipated duration thereof and concluded that it was appropriate to deconsolidate Giga-tronics and its subsidiaries effective on the petition date. Based on the latest restructuring plans submitted to the bankruptcy court, the Company anticipates that it will regain control of Giga-tronics upon successful completion of the plan. If successful, the Company would again consolidate Giga-tronics in its financial statements. There can be no assurances that the restructuring plan will be successful or that the Company will regain control of Giga-tronics.

    Strategic Growth in AI Data Centers

    Hyperscale Data is working to rapidly advance its AI Data Center. The 34.5-acre facility, including 617,000 square feet of infrastructure, is designed to support HPC and AI applications at scale. The Company recently announced several initiatives and agreements in principle, which if successful, would enable ACS to increase its power capacity at the Data Center from approximately 30 megawatts (“MW”) to approximately 340 MW.

    Corporate Transformation: Moving Toward an AI-Focused Future

    As previously announced, Hyperscale Data plans to divest itself of ACG by December 31, 2025. Post-separation, Hyperscale Data will operate exclusively as an HPC and AI data center company, led by Chief Executive Officer William B. Horne, President and General Counsel Henry Nisser, and Chief Financial Officer Kenneth S. Cragun.

    William B. Horne, Chief Executive Officer of Hyperscale Data, commented, “The separation of Hyperscale Data and ACG marks a pivotal moment for our company and its stockholders. By focusing solely on AI-driven infrastructure, we believe Hyperscale Data will unlock tremendous value. The Data Center is a cornerstone of this transformation, and we expect it to position us at the forefront of the AI revolution. With this transition, we are confident in our ability to drive long-term growth and create a compelling opportunity for our investors.”

    The completion of the power upgrades is subject to a number of risks and uncertainties, one or more which could result in the project being curtailed, delayed or terminated, including, but not limited to: failure to agree upon terms and execute definitive agreements; the inability of the Company to raise sufficient funds to pay for the power upgrades; failure to obtain regulatory consents and approvals; the inability to obtain sufficient easements, rights-of-way and land rights necessary to the work to be performed, and other presently unforeseen events or conditions.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiaries, Hyperscale Data owns and operates the Data Center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data intends to completely divest itself of ACG on or about December 31, 2025, at which time, it would solely be an owner and operator of data centers to support HPC services. Until that happens, the Company provides, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.

    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. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Hut 8 Reports Fourth Quarter and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Fortified balance sheet, optimized operations, disciplined growth initiatives, and strategic hires set foundation for 2025

    12,300 MW development pipeline with 2,800 MW under exclusivity as of December 31, 2024

    Earnings Release Highlights

    • Full year 2024 revenue of $162.4 million, net income of $331.4 million, and Adjusted EBITDA of $555.7 million.
    • Fourth quarter 2024 energy cost per megawatt-hour (“MWh”) of $31.63, a 30% decrease from the fourth quarter of 2023.
    • Total energy capacity under management of 1,020 megawatts (“MW”) as of December 31, 2024.
    • 12,300 MW development pipeline with 2,800 MW of capacity under exclusivity as of December 31, 2024.
    • Strategic Bitcoin reserve of 10,171 Bitcoin with a market value of $949.5 million as of December 31, 2024.

    MIAMI, March 03, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced its financial results for the fourth quarter and full year of 2024.

    “In 2024, we delivered on our commitment to operational excellence and bottom-line economics, setting the foundation for disciplined growth in 2025,” said Asher Genoot, CEO of Hut 8. “In the fourth quarter, we fortified our capital strategy and balance sheet—converting our Anchorage loan to equity, launching ATM and stock repurchase programs, and expanding our strategic Bitcoin reserve. Today, we operate from a position of strength as we focus on advancing our 12.3-gigawatt development pipeline.”

    “We believe our platform model will enable us to strategically allocate capital as we aim to optimize returns, mitigate sector-specific volatility, accelerate speed to market, and deliver innovation at every stage of the development value chain. To align our reporting structure with this model as we enter this next phase of growth, we have realigned our operating segments around the three layers of our platform: Power, Digital Infrastructure, and Compute, as reflected in our results.”

    “Looking ahead, we believe our application-agnostic approach to digital infrastructure development and experience in greenfield development will reinforce a structural advantage over peers reliant on single-market exposure or more complex commercialization models. Together with our robust development pipeline and strengthened team, we believe we are well-positioned to meet the continued and rising demand for energy capacity from applications like AI while building a platform positioned to fuel the world’s most transformative technologies for decades to come.”

    2024 Highlights

    Power

    • Generated $56.6 million in full-year revenue, consisting of revenue from Power Generation and Managed Services.
    • Secured Vega, a 205 MW behind-the-meter site in Texas, which is expected to be energized in Q2 2025, less than one year after acquisition, through the Company’s greenfield development capabilities, which enables rapid deployment low-cost Bitcoin mining infrastructure.
    • Advanced three large-scale AI data center development projects, which, if secured, would collectively add over 430 MW of capacity. After the quarter, Hut 8 secured 592 acres of land for its River Bend campus, a project from this subset of its development pipeline.

    Digital Infrastructure

    • Generated $17.5 million in full-year revenue, consisting of revenue from CPU Colocation and ASIC Colocation services.
    • Completed the greenfield development and energization of Salt Creek, a 63 MW Bitcoin mining facility, just over three months after breaking ground for an all-in cost of approximately $240,000 per MW.
    • Developed custom data center architecture for Bitcoin mining ASIC compute. Set for deployment at Vega, the architecture enables rack-based ASIC compute utilizing a custom-designed direct-to-chip (“DTC”) liquid cooling system at densities of up to 180 kilowatts per rack, helping bridge the gap to traditional HPC architecture.
    • Secured a major colocation contract with BITMAIN Technologies Ltd. (“BITMAIN”), the world’s leading manufacturer of digital currency mining servers. The ASIC colocation contract is expected to generate ~$125 million in annualized revenue upon full ramp and includes a purchase option at Hut 8’s discretion for the full ~15 exahash-per-second (“EH/s”) deployment.

    Compute

    • Generated $80.7 million in full-year revenue, consisting of revenue from Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations.
    • Partnered with BITMAIN to develop and launch a next-generation ASIC miner. The U3S21EXPH will be the first model mass-commercialized by BITMAIN with DTC cooling within a U form factor.
    • Launched Highrise AI, Inc. (“Highrise”), a wholly-owned subsidiary providing GPU-as-a-Service through an initial five-year customer agreement with an AI cloud services provider. Hut 8 intends to leverage operational data and insights from Highrise to optimize the design, development, and operations of its digital infrastructure as it expands into AI data center development.
    • Executed a purchase agreement for BITMAIN Antminer S21+ miners for the Company’s initial ASIC fleet upgrade, which is expected to increase self-mining hashrate to ~10.3 EH/s while driving average fleet efficiency down to 20.5 joules per terahash (“J/TH”). If the Company were to execute its purchase option under the aforementioned BITMAIN colocation agreement, it anticipates total self-mining hashrate of ~25.1 EH/s with average fleet efficiency of 16.0 J/TH.

    Operations

    • Appointed Asher Genoot as CEO on February 7, 2024.
    • Executed a comprehensive restructuring program to strengthen bottom-line economics, delivering a ~30% reduction in energy cost per MWh and an approximately eight-point increase in gross margin per Bitcoin mined from Q4 2023 to Q4 2024.
    • Expanded team with strategic hires, including Sean Glennan as CFO and Victor Semah as CLO.

    Capital Strategy and Balance Sheet

    • Closed a $150 million strategic investment from Coatue to partner in building AI infrastructure.
    • Converted our $37.9 million Anchorage Digital loan balance to shares of our common stock at a 51% premium to the 20-Day VWAP through the day prior to the signing of the Debt Repayment Agreement.
    • Launched a $500 million ATM program and a $250 million stock repurchase program.
    • Surpassed 10,000 Bitcoin held in reserve with the purchase of approximately 990 Bitcoin, of which 968 were pledged as collateral to BITMAIN as part of an innovative financing model for the purchase of Antminer S21+ miners for our initial fleet upgrade.

    Key Performance Indicators

      Three Months Ended December 31,   Twelve Months Ended December 31,
      2024   2023   2024   2023
    Cost to mine a Bitcoin (excluding hosted facilities)(1)   $ 37,958   $ 17,171   $ 27,959   $ 13,198
    Cost to mine a Bitcoin(2) $ 37,958   $ 20,051   $ 28,161   $ 16,570
    Weighted average revenue per Bitcoin mined(3) $ 82,412   $ 37,313   $ 60,834   $ 29,913
    Bitcoin mined(4)   236     852     1,466     2,789
    Energy cost per MWh $ 31.63   $ 45.47   $ 32.52   $ 40.80
    Hosting cost per MWh $ N/A   $ 65.84   $ 68.72   $ 62.57
    Energy capacity under management (mining)(5)   665 MW     839 MW     665 MW     839 MW
    Total energy capacity under management(6)   1,020 MW     842 MW     1,020 MW     842 MW
    Number of Bitcoin in strategic reserve(7)   10,171     9,195     10,171     9,195
    (1) Cost to mine a Bitcoin (excluding hosted facilities) is equivalent to the all-in electricity cost to mine a Bitcoin at owned facilities and includes our net share of the King Mountain JV.
    (2) Cost to mine a Bitcoin (or weighted average cost to mine a Bitcoin) is calculated as the sum of total all-in electricity expense and hosting expense divided by Bitcoin mined during the respective periods and includes our net share of the King Mountain JV.
    (3) Weighted average revenue per Bitcoin mined is calculated as the sum of total self-mining revenue divided by Bitcoin mined during the respective periods and includes our net share of the King Mountain JV.
    (4) Bitcoin mined includes our net share of the King Mountain JV. Bitcoin mined excluding our net share of the King Mountain JV was 190 and 690 for the three months ended December 31, 2024 and 2023, respectively. Bitcoin mined excluding our net share of the King Mountain JV was 1,184 and 2,138 for the twelve months ended December 31, 2024 and 2023, respectively.
    (5) Energy capacity under management (mining) represents the total power capacity related to Bitcoin mining infrastructure, including self-mining sites, colocation agreements, and managed services agreements.
    (6) Total energy capacity under management includes (i) energy capacity under management (mining) and (ii) all energy-related assets including power generation, non-operational sites, and traditional data centers.
    (7) Number of Bitcoin in strategic reserve includes Bitcoin held in custody, pledged as collateral, and pledged for a miner purchase under an agreement with BITMAIN.
       

    Select Fourth Quarter 2024 Financial Results

    U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) and Hut 8 Mining Corp. completed an all-stock merger of equals (the “Business Combination”) on November 30, 2023. USBTC was deemed the accounting acquirer in the transaction and, as a result, the historical figures in the Company’s income statement for the three months ended December 31, 2023 reflect two months of USBTC’s standalone performance and one month of the combined company’s performance. Results for the three months ended December 31, 2024 reflect the performance of the combined company. All financial results are reported in US dollars.

    Revenue for the three months ended December 31, 2024 was $31.7 million compared to $38.9 million in the prior year period, and consisted of $9.9 million in Power revenue, $2.5 million in Digital Infrastructure revenue, $19.2 million in Compute revenue, and $0.1 million in Other revenue. Other consists primarily of equipment sales and repairs.

    Net income for the three months ended December 31, 2024 was $152.0 million compared to $10.6 million for the prior year period. This included gain on digital assets of $308.2 million and $32.8 million for the three months ended December 31, 2024 and 2023, respectively.

    Adjusted EBITDA for the three months ended December 31, 2024 was $310.6 million compared to $48.6 million for the prior year period. A reconciliation of Adjusted EBITDA to the most comparable GAAP measure, net income (loss), and an explanation of this measure has been provided in the table included below in this press release.

    Select Full Year 2024 Financial Results

    As a result of the Business Combination, the historical figures in the Company’s income statement for the twelve months ended December 31, 2023 reflect eleven months of USBTC’s standalone performance and one month of the combined company’s performance. Results for the twelve months ended December 31, 2024 reflect the performance of the combined company. With respect to the balance sheet, the ending balance for year-end 2024 is being compared to year-end 2023, both of which reflect the combined company’s performance.

    Revenue for the twelve months ended December 31, 2024 was $162.4 million compared to $96.0 million in the prior year, and consisted of $56.6 million in Power revenue, $17.5 million in Digital Infrastructure revenue, $80.7 million in Compute revenue, and $7.6 million in Other revenue. Other consists primarily of equipment sales and repairs.

    Net income for the twelve months ended December 31, 2024 was $331.4 million compared to $21.9 million for the prior year period. This included gain on digital assets of $509.3 million and $32.6 million for the twelve months ended December 31, 2024 and 2023, respectively.

    Adjusted EBITDA for the twelve months ended December 31, 2024 was $555.7 million compared to $85.7 million for the prior year period. A reconciliation of Adjusted EBITDA to the most comparable GAAP measure, net income (loss), and an explanation of this measure has been provided in the table included below in this press release.

    Conference Call

    The Hut 8 Corp. Full-Year 2024 Conference Call will commence today, Monday, March 5, 2025, at 8:30 a.m. ET today. Investors can join the live webcast here.

    Supplemental Materials and Upcoming Communications

    The Company expects to make available on its website materials designed to accompany the discussion of its results, along with certain supplemental financial information and other data. For important news and information regarding the Company, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company’s website, https://hut8.com/investors, and its social media accounts, including on X and LinkedIn. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, some of which may contain material and previously non-public information.

    Analyst Coverage

    A full list of Hut 8 Corp. analyst coverage can be found at https://hut8.com/investors/analyst-coverage/.

    Upcoming Conferences & Events

    • March 11–12, 2025: Cantor Crypto, Digital Assets & AI Infrastructure Conference, Miami
    • March 16–18, 2025: 37th Annual ROTH Conference, Dana Point
    • March 25–27, 2025: Mining Disrupt, Fort Lauderdale
    • April 7–8, 2025: Jones Healthcare and Technology Innovation Conference, Las Vegas
    • May 13–15, 2025: J.P. Morgan Global Technology, Media and Communications Conference, Boston
    • May 19–20, 2025: Barclays 15th Annual Emerging Payments and FinTech Forum, New York

    About Hut 8

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-potential computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X (formerly known as Twitter) at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the Company’s foundation for disciplined growth; its position of strength; its development pipeline, including the three large-scale AI data center development projects and the expected capacity assuming these projects are secured; its platform model; its ability to strategically allocate capital; its goal of optimizing returns, mitigating sector volatility, accelerating speed to market, and delivering innovation across the development value chain; its next phase of growth; its structural advantage over peers; its ability to meet demand for energy capacity; its expected energization of Vega, including the expected timing and site capabilities; its colocation contract with BITMAIN, including the anticipated revenue and expected hashrate and average fleet efficiency improvements if the Company executes its purchase option under the agreement; the commercialization of the U3S21EXPH miner from BITMAIN, including the expected timing and miner capabilities; the initial Highrise customer agreement; the operational data and insights derived from Highrise for the Company’s planned expansion into AI data center development; its expected ASIC fleet upgrade, including the expected timing and anticipated hashrate and average fleet efficiency improvements; and the Company’s future business strategy, competitive strengths, expansion, and growth of the business and operations more generally, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Adjusted EBITDA

    In addition to results determined in accordance with GAAP, Hut 8 relies on Adjusted EBITDA to evaluate its business, measure its performance, and make strategic decisions. Adjusted EBITDA is a non-GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss), adjusted for impacts of interest expense, income tax provision or benefit, depreciation and amortization, gain on debt extinguishment, gain on derivatives, gain on bargain purchase, our share of unconsolidated joint venture depreciation and amortization, foreign exchange gains or losses, the removal of non-recurring transactions, impairment on assets, gain or loss on sale of property and equipment, loss from discontinued operations, net loss attributable to non-controlling interests, and stock-based compensation expense in the period presented. You are encouraged to evaluate each of these adjustments and the reasons the Company’s board of directors and management team consider them appropriate for supplemental analysis.

    The Company’s board of directors and management team use Adjusted EBITDA to assess its financial performance because it allows them to compare operating performance on a consistent basis across periods by removing the effects of capital structure (such as varying levels of interest expense and income), asset base (such as depreciation and amortization), and other items (such as non-recurring transactions mentioned above) that impact the comparability of financial results from period to period.
    Net income (loss) is the GAAP measure most directly comparable to Adjusted EBITDA. In evaluating Adjusted EBITDA, you should be aware that in the future the Company may incur expenses that are the same as or similar to some of the adjustments in such presentation. The Company’s presentation of Adjusted EBITDA should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items. There can be no assurance that the Company will not modify the presentation of Adjusted EBITDA in the future, and any such modification may be material. Adjusted EBITDA has important limitations as an analytical tool and you should not consider Adjusted EBITDA in isolation or as a substitute for analysis of results as reported under GAAP. Because Adjusted EBITDA may be defined differently by other companies in the industry, the Company’s definition of this non-GAAP financial measure may not be comparable to similarly titled measures of other companies, thereby diminishing its utility.

     
    Hut 8 Corp. and Subsidiaries
    Consolidated Statements of Operations and Comprehensive Income (Loss)
    (Unaudited, in USD thousands, except share and per share data)
     
      Three Months Ended   Twelve Months Ended
          December 31,       December 31,
      December 31,   2023   December 31,   2023
    (in USD thousands) 2024      (Unaudited)      2024      (Unaudited)
    Revenue:                      
    Power $ 9,949     $ 7,818     $ 56,602     $ 22,794  
    Digital Infrastructure   2,520       4,455       17,482       8,291  
    Compute   19,159       26,519       80,701       64,851  
    Other   66       110       7,600       110  
    Total revenue   31,694       38,902       162,385       96,046  
                           
    Cost of revenue (exclusive of depreciation and amortization shown below):                  
    Cost of revenue – Power   7,465       1,944       21,538       7,263  
    Cost of revenue – Digital Infrastructure   2,929       3,048       15,556       4,321  
    Cost of revenue – Compute   9,781       15,764       44,977       42,592  
    Cost of revenue – Other   138       20       4,584       18  
    Total cost of revenue   20,313       20,776       86,655       54,194  
                           
    Operating (income) expenses:                      
    Depreciation and amortization   14,308       6,134       47,773       17,537  
    General and administrative expenses   18,844       33,380       72,917       49,133  
    Gains on digital assets   (308,157 )     (32,811 )     (509,337 )     (32,626 )
    Loss (gain) on sale of property and equipment   —       443       (634 )     888  
    Realized gain on sale of digital assets   —       —       —       (2,376 )
    Impairment of digital assets   —       —       —       1,431  
    Impairment – other   4,472       —       4,472       —  
    Legal settlement   —       —       —       (1,531 )
    Total operating (income) expenses   (270,533 )     7,146       (384,809 )     32,456  
    Operating income (loss)   281,914       10,980       460,539       9,396  
                           
    Other (expense) income:                      
    Foreign exchange (loss) gain   (4,042 )     1,002       (5,000 )     1,002  
    Interest expense   (9,563 )     (5,980 )     (29,794 )     (24,933 )
    Gain on debt extinguishment   —       —       5,966       23,683  
    (Loss) gain on derivatives   (13,143 )     —       6,780       —  
    Gain on bargain purchase   3,060       —       3,060       —  
    Equity in earnings of unconsolidated joint venture   1,902       4,098       10,359       12,815  
    Total other (expense) income   (21,768 )     (880 )     (8,629 )     12,567  
                           
    Income from continuing operations before taxes   260,146       10,100       451,910       21,963  
                           
    Income tax (provision) benefit   (110,482 )     482       (113,457 )     (190 )
                           
    Net income from continuing operations $ 149,664     $ 10,582     $ 338,453     $ 21,773  
                           
    Income (Loss) from discontinued operations   2,320             (7,044 )     77  
                           
    Net income   151,984       10,582       331,409       21,850  
    Less: Net loss attributable to non-controlling interests   241       —       473       —  
    Net income attributable to Hut 8 Corp. $ 152,225     $ 10,582     $ 331,882     $ 21,850  
                           
    Net income $ 151,984     $ 10,582     $ 331,409     $ 21,850  
    Other comprehensive loss:                      
    Foreign currency translation adjustments   (46,011 )     10,761       (56,390 )     10,761  
    Total comprehensive income   105,973       21,343       275,019       32,611  
    Less: Comprehensive loss attributable to non-controlling interest 387       —       549       —  
    Comprehensive income attributable to Hut 8 Corp. $ 106,360     $ 21,343     $ 275,568     $ 32,611  


    Adjusted EBITDA Reconciliation

      Three Months Ended   Twelve Months Ended
      December 31,   December 31,      December 31,   December 31,
    (in USD thousands) 2024      2023   2024      2023
    Net income $ 151,984     $ 10,582     $ 331,409     $ 21,850  
    Interest expense   9,563       5,980       29,794       24,933  
    Income tax provision (benefit)   110,482       (482 )     113,457       190  
    Depreciation and amortization   14,308       6,134       47,773       17,537  
    Gain on debt extinguishment   —       —       (5,966 )     (23,683 )
    Loss (gain) on derivatives   13,143       —       (6,780 )     —  
    Gain on bargain purchase   (3,060 )     —       (3,060 )     —  
    Share of unconsolidated joint venture depreciation and amortization (1)   3,120       2,887       21,792       21,016  
    Foreign exchange loss (gain)   4,024       (1,002 )     5,000       (1,002 )
    Loss (gain) on sale of property and equipment   —       443       (634 )     888  
    Non-recurring transactions (2)   327       12,044       (9,882 )     10,513  
    Impairment – other   4,472       —       4,472       —  
    (Income) loss from discontinued operations   (2,320 )     77       7,044       (77 )
    Net loss attributable to non-controlling interests   241       —       473       —  
    Stock-based compensation expense   4,342       11,912       20,783       13,563  
    Adjusted EBITDA $ 310,626     $ 48,575     $ 555,675     $ 85,728  
    (1) Net of the accretion of fair value differences of depreciable and amortizable assets included in equity in earnings of unconsolidated joint venture in the Consolidated Statements of Operations and Comprehensive Income (Loss) in accordance with ASC 323. See Note 10. Investment in unconsolidated joint venture of the Consolidated Financial Statements for further detail.
    (2) Non-recurring transactions for the three months ended December 31, 2024 represent approximately $0.2 million of restructuring costs and $0.1M of Far North related costs. Non-recurring transactions for the three months ended December 31, 2023 represent approximately $9.6 million related to a sales tax accrual and $2.4 million of transaction costs related to the Business Combination. Non-recurring transactions for the twelve months ended December 31, 2024 represent approximately $4.0 million of restructuring costs and $1.9 million related to the Far North transaction costs, offset by a $13.5 million contract termination fee received from MARA, and a $2.2 million tax refund. Non-recurring transactions for the twelve months ended December 31, 2023 represent approximately $9.6 million related to a sales tax accrual and $2.4 million of transaction costs related to the Business Combination, partially offset by a gain from a legal settlement of $1.5 million.
       

    Contacts

    Hut 8 Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Media Relations
    media@hut8.com

    The MIL Network –

  • MIL-OSI: Rethinking Basement Usage: Allstate Canada Data Reveals Water Damage Among Top Claim Reasons

    Source: GlobeNewswire (MIL-OSI)

    MARKHAM, Ontario, March 03, 2025 (GLOBE NEWSWIRE) — Basements have evolved from mere storage spaces to integral parts of many homes, now equipped with state-of-the-art entertainment systems, expensive gym equipment and valuable furniture. However, these spaces remain highly susceptible to flooding, potentially leading to costly repairs. Recent data from the Insurance Bureau of Canada highlights 2024 as the most expensive year for severe weather-related losses in our country’s history, with flooding contributing to over $1 billion in losses.

    In fact, Allstate Insurance Company of Canada (Allstate Canada) data reveals that water damage is one of the top reasons customers submit a home insurance claim, and the cost to repair a water-damaged basement has risen by nearly 20 per cent between 2019-2024. According to a recent Léger poll conducted on behalf of Allstate Canada, 80 per cent of Canadians who responded have a basement and one in 10 have experienced basement flooding. The survey also revealed that 61 per cent of responding homeowners have a bathroom, sink or access to running water in their basement, and 55 per cent use their basement to store a spare fridge or freezer. Additionally, 47 per cent have a bedroom, 30 per cent have a home gym or workout area, 23 per cent installed a home theatre system, 20 per cent a home office, and 25 per cent say their basement has a playroom for their children.

    While Canadian homeowners use their basements in different ways, the results of the poll also show that:

    • 41 per cent use their basements to store expensive sports gear such as skis and bikes;
    • Nearly one in three (32 per cent) store home entertainment equipment in their basement;
    • Basements are also commonly the site for priceless possessions, such as photo albums (40 per cent) and family heirlooms (24 per cent);
    • Other items stored in the basement include tools, extension cords and lightbulbs (65 per cent), seasonal items like patio furniture or holiday decorations (59 per cent), furniture (51 per cent), collectibles or memorabilia (31 per cent), important financial, legal or tax documents (28 per cent), computer equipment (23 per cent) and musical instruments (15 per cent).

    Rethinking Home: A New Era for Basements

    “Kitchens are often a central, social part of the home, but basements play an important role as a space to relax with hobbies, store gear between adventures, or to simply unwind,” says Odel Laing, Agency Manager at Allstate Canada. “Homeowners should consider how they can protect these valuable spaces from flooding, which can quickly affect plans as we approach the spring season.”

    Protection and Remodeling Tips

    Flooding typically occurs during warmer weather months, so Laing invites homeowners to consider taking steps to protect their basement and its contents.

    • Elevate high-quality, expensive entertainment systems on stands or hang them up on the wall. Alternatively, keep them on the main floor, if possible.
    • Swap cardboard boxes for plastic ones for storage.
    • Select waterproof cabinetry and shelving.
    • Review your home insurance policy to understand your coverage for water damage.
    • Consult a professional about landscaping opportunities to direct water away from the home’s foundation.
    • Install water or leak detectors compatible with your monitored home security system to notify owners of flooding quickly.
    • If owners are planning to finish or renovate their basement, discuss with your contractor how to best protect from flooding risks.

    For more home flooding-related safety advice, go to the GOOD HANDS® blog at http://blog.allstate.ca/rethink-basement-tips-protect-against-flooding-damage.

    About the Léger poll
    Allstate commissioned Léger to conduct a study among Canadian homeowners to better understand their use of basements, storage habits, flood prevention measures, and overall preparedness for extreme weather events. In order to meet research objectives, an online survey was conducted with 1,000 Canadian homeowners, aged 18 and over, who could express themselves in French or English from January 23 to 27, 2025. It should be noted that due to the non-probabilistic nature of the sample (associated with any web survey), the calculation of the margin of error does not apply. For comparative purposes, a probabilistic sample of 1,000 respondents (web panel) would have a global margin of error of ± 3.1% 19 times out of 20. The margin of error would, however, increase for subgroups.

    About Allstate Insurance Company of Canada
    Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. Serving Canadians since 1953, Allstate strives to reassure both customers and employees with its “You’re in Good Hands®” promise. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. To learn more, visit www.allstate.ca. For safety tips and advice, visit www.goodhandsadvice.ca.

    For more information, please contact:
    Jessica Hoffeldt
    Agnostic on behalf of Allstate Insurance Company of Canada
    647-269-7438
    jhoffeldt@thinkagnostic.com  

    Maude Gauthier (Quebec only)
    Capital-Image on behalf of Allstate Insurance Company of Canada
    514-915-9469
    mgauthier@capital-image.com

    Cody Gillen
    Public Relations Specialist
    905-475-4536
    cgillen@allstate.ca

    The MIL Network –

  • MIL-OSI Russia: The first day of spring was celebrated by the State University of Management with a musical concert

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    On March 1, 2025, a concert of the Gaudeamus Chamber Choir of the Bauman Moscow State Technical University was held at the State University of Management as part of the implementation of inter-university cultural and educational projects to popularize cultural heritage.

    Choral music is one of the most democratic forms of art, and the amateur choir “Gaudeamus” is a vivid example of this. It mainly consists of students, graduates and teachers of the Bauman Moscow State Technical University. The founder, artistic director and conductor of the choir is Honored Artist of Russia, Professor Vladimir Zhivov, the conductor-choirmaster is Honored Cultural Worker of Russia, Associate Professor Ekaterina Alikina.

    The group introduced the audience to the genre of choral miniatures, performing pearls of Russian classic choral art, works by contemporary composers and Russian folk songs.

    The choir specializes in performing music a cappella, i.e. without instrumental accompaniment.

    The works of A. Dargomyzhsky, P. Tchaikovsky, M. Glinka, M. Balakirev, G. Sviridov, S. Taneyev, Yu. Falik, M. Parkhaladze, Ts. Cui, Yu. Efgrafov, V. Kalinnikov based on poems by A. Pushkin, M. Lermontov, V. Zhukovsky, A. Blok, F. Sologub, I. Brodsky and others were performed.

    The concert ended with thunderous applause from the audience and the student anthem “Gaudeamus Igitur”, after which the choir is named.

    Instilling a love for good music through choral performance is a wonderful way to introduce students to cultural heritage. Choral singing helps to create a sense of unity and belonging to something big. The audience appreciated the high level of professionalism of the Gaudeamus choir and the emotional depth of the choral performances.

    The choir members noted the wonderful acoustics of the atrium of the Information Technology Center of the State University of Management, which helped the performance.

    The team thanked the management of the State University of Management for the honor and for the invitation to perform within the walls of the university, which left an unforgettable impression on the team!

    Danila Smirnov, a fourth-year student at the State University of Management, shared his impressions of the concert: “I admit honestly, it was my first time at a chamber choir concert and I liked it. You can feel the moderate subtlety, laconicism and sonority of the performance of the works.”

    Valeria Polynnikova, an employee of the Department of State and Municipal Management and a graduate of the State University of Management, also spoke about the concert: “It was a magnificent concert! I was pleasantly surprised by the excellent acoustics of our hall: you could hear everything down to the smallest details. The concert itself was very bright, kind and warm. It really seemed that spring was already here, everything would soon bloom, and the air would be filled with birdsong. I was completely delighted and would be happy to come again!”

    Subscribe to the TG channel “Our GUU” Date of publication: 03.03.2025

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

    MIL OSI Russia News –

  • MIL-OSI Video: UK Physicist and TV presenter Brian Cox addresses new Lords Committee on the UK’s Engagement with Space

    Source: United Kingdom UK House of Lords (video statements)

    A new House of Lords Committee set up to explore the UK’s role and engagement with space will hear from world-renowned physicist and TV presenter Professor Brian Cox at its first public evidence session.

    Find out more about the committee and this inquiry: https://committees.parliament.uk/committee/773/uk-engagement-with-space-committee

    Catch-up on House of Lords business:

    Watch live events: https://parliamentlive.tv/Lords
    Read the latest news: https://www.parliament.uk/lords/

    Stay up to date with the House of Lords on social media:

    • X: https://twitter.com/UKHouseofLords
    • Bluesky: https://bsky.app/profile/houseoflords.parliament.uk
    • Instagram: https://www.instagram.com/UKHouseofLords/
    • Facebook: https://www.facebook.com/UKHouseofLords
    • Flickr: https://flickr.com/photos/ukhouseoflords/albums
    • LinkedIn: https://www.linkedin.com/company/the-house-of-lords
    • Threads: https://www.threads.net/@UKHouseOfLords

    #HouseOfLords #UKParliament

    https://www.youtube.com/watch?v=Fwp1aWpEcsA

    MIL OSI Video –

  • MIL-OSI: Share buyback programme – week 9

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Copenhagen
    London Stock Exchange
    Euronext Dublin
    Danish Financial Supervisory Authority
    Other stakeholders

    Date        3 March 2025

    Share buyback programme – week 9

    The share buyback programme runs in the period 28 January 2025 up to and including 28 May 2025 provided that the forthcoming annual general meeting, to be held on 5 March 2025, gives the board a new authority to permit the bank to acquire its own shares.

    During the period the bank will thus buy back its own shares for a total of up to DKK 500 million under the programme, but to a maximum of 800,000 shares.

    The programme is implemented in compliance with EU Commission Regulation No. 596/2014 of 16 April 2014 and EU Commission Delegated Regulation No. 2016/1052 of 8 March 2016, which together constitute the “Safe Harbour” regulation.

    The following transactions have been made under the programme:

    Date Number of shares Average purchase price (DKK) Total purchased under the programme (DKK)
    Total in accordance with the last announcement 115,600 1,153.02 133,289,081
    24 February 2025 5,400 1,177.29 6,357,366
    25 February 2025 5,500 1,191.71 6,554,405
    26 February 2025 4,000 1,218.00 4,872,000
    27 February 2025 4,200 1,219.12 5,120,304
    28 February 2025 4,200 1,210.84 5,085,528
    Total under the share buyback programme 138,900 1,161.11 161,278,684

    With the transactions stated above, Ringkjøbing Landbobank now owns the following numbers of own shares, excluding the bank’s trading portfolio and investments made on behalf of customers:

    • 1,453,942 shares under the completed and present share buyback programme(-s) corresponding to 5.4 % of the company’s share capital.

    In accordance with the above regulation etc., the transactions related to the share buyback programme on the stated reporting days are attached to this corporate announcement in detailed form.

    Yours sincerely,

    Ringkjøbing Landbobank

    John Fisker
    CEO

    Detailed summary of the transactions on the above reporting days

    Volume Price Venue Time CET
    45 1176 XCSE 20250224 9:06:13.367000
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    Attachment

    The MIL Network –

  • MIL-OSI Economics: Mobile malware evolution in 2024

    Source: Securelist – Kaspersky

    Headline: Mobile malware evolution in 2024

    These statistics are based on detection alerts from Kaspersky products, collected from users who consented to provide statistical data to Kaspersky Security Network. The statistics for previous years may differ from earlier publications due to a data and methodology revision implemented in 2024.

    The year in figures

    According to Kaspersky Security Network, in 2024:

    • A total of 33.3 million attacks involving malware, adware or unwanted mobile software were prevented.
    • Adware, the most common mobile threat, accounted for 35% of total detections.
    • A total of 1.1 million malicious and potentially unwanted installation packages were detected, almost 69,000 of which associated with mobile banking Trojans.

    In 2024, cybercriminals launched a monthly average of 2.8 million malware, adware or unwanted software attacks targeting mobile devices. In total, Kaspersky products blocked 33,265,112 attacks in 2024.

    Attacks on Kaspersky mobile users in 2024 (download)

    At the end of 2024, we discovered a new distribution scheme for the Mamont banking Trojan, targeting users of Android devices in Russia. The attackers lured users with a variety of discounted products. The victim had to send a message to place an order. Some time later, the user received a phishing link to download malware disguised as a shipment tracking app.

    The phishing link as seen in the chat with the fraudsters

    See translation

    Your order has shipped.
    42609775
    Your order tracking code.
    You can track your order in the mobile app:
    https://.pilpesti573.ru/page/e5d565fdfd7ce
    Tracker
    To pay for your order AFTER YOU RECEIVE IT, enter your tracking code IN THE APP above and wait for your order details to load. We recommend keeping the app open while you are doing so. Loading the track code may take more than 30 minutes.

    In August 2024, researchers at ESET described a new NFC banking scam discovered in the Czech Republic. The scammers employed phishing websites to spread malicious mods of the legitimate app NFCGate. These used a variety of pretexts to persuade the victim to place a bank card next to the back of their phone for an NFC connection. The card details were leaked to the fraudsters who then made small contactless payments or withdrew money at ATMs.

    A similar scheme was later spotted in Russia, where malware masqueraded as banking and e-government apps. The SpyNote RAT was occasionally used as the malware dropper and NFC activator.

    A screenshot of the fake mobile app

    See translation

    Hold your card against the NFC contactless payment module for verification.
    Ready to scan

    Also in 2024, we detected many new preinstalled malicious apps that we assigned the generalized verdict of Trojan.AndroidOS.Adinstall. A further discovery, made in July, was the LinkDoor backdoor, also known as Vo1d, installed on Android-powered TV set-top boxes. It was located inside an infected system application com.google.android.services. The malware was capable of running arbitrary executables and downloading and installing any APKs.

    On top of the above, we discovered several apps on Google Play, each containing a malicious SDK implant named “SparkCat”, which began to spread at least as early as March 2024. Infected apps were deleted by the store in February 2025: nevertheless, our telemetry data shows that other apps containing SparkCat are distributed through unofficial sources.

    This SDK received a C2 server command with a list of keywords or dictionaries to search the gallery on the device for images to exfiltrate. Our data suggests that the Trojan was aimed at stealing recovery phrases for cryptocurrency wallets of Android users primarily in the UAE, Europe and Asia.

    It is worth noting that the same implant for iOS was delivered via the App Store, which makes it the first known OCR malware to sneak into Apple’s official marketplace. Apple removed the infected apps in February 2025.

    Mobile threat statistics

    We discovered 1,133,329 malicious and potentially unwanted installation packages in 2024. This was below the 2023 figure, but the difference was smaller than the year before. The trend in the number of new unique malware installation packages appears to be plateauing.

    Detected Android-specific malware and unwanted software installation packages in 2021–2024 (download)

    Detected packages by type

    Detected mobile apps by type in 2023 and 2024 (download)

    Adware and RiskTool apps continued to dominate the rankings of detected threats by type. The BrowserAd (22.8%), HiddenAd (20.3%) and Adlo (16%) families accounted for the largest number of new installation packages in the former category. RiskTool’s share grew largely due to an increase in the number of Fakapp pornographic apps.

    Share* of users attacked by the given type of malware or unwanted software out of all targeted Kaspersky mobile users in 2023–2024 (download)

    *The total may exceed 100% if the same users experienced multiple attack types.

    Banking Trojans gained three positions as compared with 2023 to occupy fourth place, following the usual leaders: adware, Trojans, and RiskTool.

    TOP 20 most frequently detected types of mobile malware

    Note that the malware rankings below exclude riskware and potentially unwanted apps, such as adware and RiskTool.

    Verdict %* 2023 %* 2024 Difference in p.p. Change in ranking
    Trojan.AndroidOS.Fakemoney.v 11.76 16.64 +4.88 +2
    DangerousObject.Multi.Generic. 14.82 11.13 –3.70 –1
    Trojan.AndroidOS.Triada.ga 0.00 6.64 +6.64
    Trojan-Banker.AndroidOS.Mamont.bc 0.00 5.36 +5.36
    Trojan.AndroidOS.Boogr.gsh 6.81 4.71 –2.10 –3
    Trojan.AndroidOS.Triada.fd 1.16 4.45 +3.29 +19
    DangerousObject.AndroidOS.GenericML 2.39 4.35 +1.96 +3
    Trojan-Downloader.AndroidOS.Dwphon.a 0.77 3.59 +2.82 +26
    Trojan-Spy.AndroidOS.SpyNote.bz 0.43 3.40 +2.97 +48
    Trojan-Spy.AndroidOS.SpyNote.bv 0.37 2.69 +2.32 +57
    Trojan.AndroidOS.Fakeapp.hk 0.00 2.51 +2.51
    Trojan.AndroidOS.Triada.gs 0.00 2.50 +2.50
    Trojan.AndroidOS.Triada.gn 0.00 2.02 +2.02
    Trojan-Downloader.AndroidOS.Agent.mm 1.46 1.91 +0.45 +6
    Trojan.AndroidOS.Triada.gm 0.00 1.84 +1.84
    Trojan.AndroidOS.Generic. 3.63 1.83 –1.80 –8
    Trojan.AndroidOS.Fakemoney.bw 0.00 1.82 +1.82
    Trojan-Banker.AndroidOS.Agent.rj 0.00 1.63 +1.63
    Trojan.AndroidOS.Fakemoney.bj 0.00 1.61 +1.61
    Trojan-Spy.AndroidOS.SpyNote.cc 0.06 1.54 +1.47

    * Share of unique users who encountered this malware as a percentage of all attacked Kaspersky mobile users

    Fakemoney, a family of investment and payout scam apps, showed the highest level of activity in 2024. Third-party WhatsApp mods with the Triada.ga embedded Trojan were third, following the generalized cloud-specific verdict of DangerousObject.Multi.Generic. Many other messaging app mods in the same family, namely Triada.fd, Triada.gs, Triada.gn and Triada.gm, hit the TOP 20 too.

    Mamont banking Trojans, ranking fourth by number of attacked users, gained high popularity with cybercriminals. These malicious apps come in a multitude of variants. They typically target users’ funds via SMS or USSD requests. One of them spreads under the guise of a parcel tracking app for fake online stores.

    Various malware files detected by machine learning technology ranked fifth (Trojan.AndroidOS.Boogr.gsh) and seventh (DangerousObject.AndroidOS.GenericML). They were followed by the Dwphon Trojan that came preinstalled on certain devices. The SpyNote RAT Trojans, which remained active throughout the year, occupied ninth, tenth and twentieth places.

    Region-specific malware

    This section describes malware types that mostly affected specific countries.

    Verdict Country* %**
    Trojan-Banker.AndroidOS.Agent.nw Turkey 99.58
    Trojan.AndroidOS.Piom.axdh Turkey 99.58
    Trojan-Banker.AndroidOS.BrowBot.q Turkey 99.18
    Trojan-Banker.AndroidOS.BrowBot.w Turkey 99.15
    Trojan.AndroidOS.Piom.bayl Turkey 98.72
    Trojan-Banker.AndroidOS.BrowBot.a Turkey 98.67
    Trojan-Spy.AndroidOS.SmsThief.wp India 98.63
    Trojan-Banker.AndroidOS.Rewardsteal.fa India 98.33
    Trojan.AndroidOS.Piom.bbfv Turkey 98.31
    Trojan-Banker.AndroidOS.BrowBot.n Turkey 98.14
    HackTool.AndroidOS.FakePay.c Brazil 97.99
    Backdoor.AndroidOS.Tambir.d Turkey 97.87
    Trojan.AndroidOS.Piom.bcqp Turkey 97.79
    HackTool.AndroidOS.FakePay.i Brazil 97.65
    Backdoor.AndroidOS.Tambir.a Turkey 97.62
    Trojan-Banker.AndroidOS.Coper.b Turkey 97.45
    HackTool.AndroidOS.FakePay.h Brazil 97.39
    Trojan-Spy.AndroidOS.SmsThief.ya India 97.09
    Trojan-Spy.AndroidOS.SmsThief.wm India 97.09
    Trojan-Banker.AndroidOS.Rewardsteal.hi India 96.68

    * Country where the malware was most active
    * Share of unique users who encountered the malware in the indicated country as a percentage of all Kaspersky mobile security users attacked by the malware

    Turkey and India accounted for the majority of region-specific threats in 2024. A variety of banking Trojans continued to be active in Turkey. Piom Trojans were associated with GodFather and BrowBot banker campaigns.

    Users in India were attacked by Rewardsteal bankers and a variety of SmsThief SMS spies. Our quarterly reports have covered FakePay utilities widespread in Brazil and designed to defraud sellers by imitating payment transactions.

    Mobile banking Trojans

    The number of new banking Trojan installation packages dropped again to 68,730 as compared to the previous year.

    The number of mobile banking Trojan installation packages detected by Kaspersky in 2021–2024 (download)

    The total number of banker attacks increased dramatically over 2023’s level despite the drop in the number of unique installation packages. The trend has persisted for years. This may suggest that scammers began to scale down their efforts to generate unique applications, focusing instead on distributing the same files to a maximum number of victims.

    TOP 10 mobile bankers

    Verdict %* 2023 %* 2024 Difference in p.p. Change in ranking
    Trojan-Banker.AndroidOS.Mamont.bc 0.00 36.70 +36.70
    Trojan-Banker.AndroidOS.Agent.rj 0.00 11.14 +11.14
    Trojan-Banker.AndroidOS.Mamont.da 0.00 4.36 +4.36
    Trojan-Banker.AndroidOS.Coper.a 0.51 3.58 +3.07 +30
    Trojan-Banker.AndroidOS.UdangaSteal.b 0.00 3.17 +3.17
    Trojan-Banker.AndroidOS.Agent.eq 21.79 3.10 –18.69 –4
    Trojan-Banker.AndroidOS.Mamont.cb 0.00 3.05 +3.05
    Trojan-Banker.AndroidOS.Bian.h 23.13 3.02 –20.11 –7
    Trojan-Banker.AndroidOS.Faketoken.z 0.68 2.96 +2.29 +18
    Trojan-Banker.AndroidOS.Coper.c 0.00 2.84 +2.84

    * Share of unique users who encountered this malware as a percentage of all users of Kaspersky mobile security solutions who encountered banking threats

    Conclusion

    The number of unique malware and unwanted software installation packages continued to decline year to year in 2024. However, the rate of that decline slowed down. The upward trend in mobile banking Trojan activity persisted despite the years-long decrease in unique installation packages.

    Cybercriminals kept trying to sneak malware into official app stores like Google Play, but we also discovered a fair number of diverse preinstalled malicious apps in 2024. Speaking of interesting techniques first spotted last year, the use of NFC for stealing bank card data stands out.

    MIL OSI Economics –

  • MIL-OSI: Himax to Unveil Innovative WiseEye™ AIoT Solutions and Revolutionary Liqxtal® LC Optical Applications at embedded world 2025

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, March 03, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX), an industry leader in fabless display driver ICs and semiconductors, today announced participation in embedded world 2025, a world-leading trade show for embedded electronics and industrial computing, taking place in Nürnberg, Germany, from March 10-12, 2025. At the event, Himax will showcase its innovative WiseEye™ AI technology, featuring a range of AIoT solutions focused on ultralow power AI sensing, biometric authentication, and thermal imaging sensing applications. Additionally, in collaboration with its subsidiary Liqxtal Technology Inc. (“Liqxtal”), Himax will present revolutionary liquid crystal (“LC”) optical applications, advancing industrial embedded displays, vision-assisted systems, and smart wearables.

    Ultralow Power WiseEye AI Driving Next Era of AIoT, Smart Sensing, and Thermal Imaging Sensing
    Himax WiseEye Ultralow Power AI Smart Sensing is a cutting-edge, integrated endpoint AI solution, comprising Himax’s proprietary ultralow power WiseEye AI processors, always-on CMOS image sensors, and CNN-based AI algorithms, ideal for AIoT applications. It has gained widespread acclaim and adoption across biometric authentication, occupancy detection, people flow management, smart home, smart office, and more. Notably, the latest WiseEye2 AI processor is PSA (Platform Security Architecture) certified, featuring a security-by-design approach to provide a secure and reliable foundation for AIoT applications.

    Among the featured showcases, the WiseEye PalmVein Module integrates palm vein and facial recognition, leveraging bimodal authentication technology to meet market demands for flexible access control, ensuring reliable operation across diverse use environments. Traditional fingerprint and facial recognition methods are susceptible to age, fingerprint quality, height, and lighting conditions, leading to identification errors. In contrast, the WiseEye PalmVein solution overcomes these challenges with advanced liveness detection to deliver high-precision authentication. It achieves an exceptionally low False Acceptance Rate (FAR) of one in a million and a False Rejection Rate (FRR) below 1%, significantly reducing the risks of fake attack and unauthorized access.

    At embedded world 2025, Himax, in collaboration with ecosystem partner Calumino, will showcase industry-leading thermal imaging sensing solutions. The solution combines Himax’s ultralow power WiseEye AI processor, WiseEye2, and low-power HM0360 CMOS image sensor with Calumino’s proprietary CMOS and MOMS (Micro-Opto-Mechanical System) technologies and AI algorithms. The integration enables advanced use cases, including people flow detection, people counting, assisted living, predictive maintenance, health monitoring, and security enhancement, all with ultralow power consumption. This advancement brings unprecedented innovation to thermal imaging sensing, unlocking expanded possibilities.

    Innovative Liqxtal LC-based Optical Technology Enhancing Smart Displays and Wearables
    Liqxtal specializes in LC-based optical technology, expanding its expertise to display and optical components. At the event, Himax and Liqxtal will jointly unveil a series of cutting-edge, patented products, namely Liqxtal® Graph, Liqxtal® Dim, and Liqxtal® Pro-Eye.

    Liqxtal® Pro-Eye is an innovative eye-protective display technology that made its debut at CES 2025, receiving widespread acknowledgment among industry leaders and accelerating industry adoption. The next-generation Liqxtal® Pro-Eye display, which will be showcased at embedded world 2025, delivers a 125-inch virtual screen experience at close range or within confined spaces. In vision care, Liqxtal® Pro-Eye helps alleviate digital eye fatigue by reducing ciliary muscle strain, benefiting professionals exposed to prolonged screen use, as well as individuals with presbyopia and myopia. In industrial display solutions, it is redefining personal HMI in embedded applications, making it ideal for manufacturing, aerospace, and defense sectors that require long hours of focused monitoring and operation.

    Liqxtal will also showcase its one-of-a-kind professional smart eyewear collection, featuring the award-winning Liqxtal® Graph and innovative Liqxtal® Dim. The latest Liqxtal® Graph, built on Liqxtal’s patented reflective TFT liquid crystal architecture, supports Bluetooth connectivity and mobile app integration, enabling dynamic digital content display on the outer lens surface of smart glasses without obstructing the user’s vision, while maintaining the same comfort as traditional eyewear. It is ideal for IoT remote monitoring, smart assisted display, and identification management, further enhancing the value of smart wearables. Liqxtal® Dim integrates Liqxtal’s proprietary pixelated light valve control technology powered by WiseEye AI. This advanced system detects the position of incident light sources in real time to achieve adaptive light dimming functionality for smart sunglasses with a response time of under 8 milliseconds. Additionally, it supports programmable light attenuation modes, making it suitable for vision training assistive devices and seamless integration into smart safety eyewear and industrial-grade programmable light regulation systems, enhancing visual safety and assistance.

    Himax and Liqxtal invite all interested parties to visit our embedded world 2025 exhibition booth at Hall 4, Stand 4-503, located at NürnbergMesse, Messezentrum 1, 90471 Nürnberg, Germany. Experience our groundbreaking WiseEye AI technology and Liqxtal optical solutions firsthand. To schedule a meeting or booth tour, please contact Himax at HX_WISEEYE@himax.com.tw or Liqxtal at info@liqxtal.com.tw.

    About Liqxtal Technology Inc.

    Liqxtal Technology Inc. is a Taiwan based company that has been focused on exploring opportunities with liquid crystal (“LC”) beyond just displays since the company’s inception. With a distinguished track record in liquid crystal optics, Liqxtal has developed liquid crystal based optical components such as LC lens for ophthalmic application, LC diffuser for 3D sensing and LC retarder for light sensing. Additionally, Liqxtal designed and released LQ001, a high voltage & tunable frequency LC driver with a 1mm x 2mm footprint, which is particularly ideal for portable products. As a subsidiary of Himax Technologies, Liqxtal also integrates novel display solutions such as tunable backlight with local dimming capability powered by FPGA for niche applications. Lastly, Liqxtal is dedicated to novel vision eyewear technology and strives to innovate and advance useful optical solutions to the world.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,649 patents granted and 402 patents pending approval worldwide as of December 31, 2024.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2023 filed with the SEC, as may be amended.

    Liqxtal Contacts:

    Henry Hung, Deputy Director of Market & Sales Division
    Liqxtal Technology Inc.
    Tel: +886-6-505-0880
    Fax: +886-2-2314-0877
    Email: info@liqxtal.com

    Himax Contacts:

    Eric Li, Chief IR/PR Officer
    Himax Technologies, Inc.
    Tel: +886-6-505-0880
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Karen Tiao, Investor Relations
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us

    The MIL Network –

  • MIL-OSI Asia-Pac: Kai Tak Sports Park Grand Opening Ceremony held today (with photos)

    Source: Hong Kong Government special administrative region

    Kai Tak Sports Park Grand Opening Ceremony held today (with photos)
    Kai Tak Sports Park Grand Opening Ceremony held today (with photos)
    *******************************************************************

         The Chief Executive, Mr John Lee, officiated at the Kai Tak Sports Park (KTSP) Grand Opening Ceremony at Kai Tak Stadium today (March 1). The KTSP is the largest sports infrastructure project ever commissioned in Hong Kong. It will boost sports development and inject impetus into related industries such as recreation, entertainment and tourism, and also mega-event economy, thereby consolidating Hong Kong’s reputation as an event capital in Asia.           Other officiating guests at the opening ceremony included the Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mr Zheng Yanxiong; the Chief Secretary for Administration, Mr Chan Kwok-ki; the President of the Legislative Council, Mr Andrew Leung; the Convenor of the Non-official Members of the Executive Council, Mrs Regina Ip; the Secretary for Culture, Sports and Tourism, Miss Rosanna Law and the Chairman of the Board of Directors of the Kai Tak Sports Park Limited, Dr Henry Cheng.           Speaking at the opening ceremony, Mr Lee, said that the KTSP, the largest sports park in Hong Kong’s history, will soon welcome top local, Mainland and international sports, music and cultural events, kicking off Hong Kong Super March. Once an airport in the middle of a busy city, Kai Tak has evolved from a flight terminal to a new global stage for sports, culture and arts, reflecting Hong Kong’s spirit of “daring to be the pioneer” and creating unlimited horizons in a limited space.     Opening today, the KTSP provides modern and multi-purpose sports and recreation facilities, including a 50 000-seat Kai Tak Stadium, a 10 000-seat Kai Tak Arena and a 5 000-seat Kai Tak Youth Sports Ground. There are also over 700 000 feet of retail, catering as well as leisure and entertainment facilities in the KTSP, providing a one-stop sports, leisure, catering and shopping experience for citizens and tourists, as well as the necessary hardware for driving the development of sports and the relevant industries. For more information of the KTSP, please visit www.kaitaksportspark.com.hk.

     
    Ends/Saturday, March 1, 2025Issued at HKT 22:10

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    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: With the support of Rosneft, a competition of reindeer herders’ skills was held in Yugra

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    Samotlorneftegaz, one of Rosneft’s key production assets, provided support for the jubilee 10th Reindeer Herders’ Mastery Competition for the Khanty-Mansiysk Autonomous Okrug – Yugra Governor’s Cup. The competition is timed to coincide with the 80th anniversary of the Great Victory.

    The large-scale event was attended by more than 1.5 thousand people. The competition among reindeer herding families in Yugra is included in the regional calendar of event tourism and is a large-scale celebration of the national culture and sports traditions of the Khanty and Mansi peoples. Participants competed in five all-around disciplines – harnessing reindeer, reindeer sled racing, transporting firewood on sleds, throwing a tynzyan (lasso) on a khorey (a pole for driving reindeer), and running on hunting skis. In addition, the skills of reindeer herding were assessed.

    The competition site recreated the authentic atmosphere of a camp of indigenous peoples of the North: tents were installed, a procession of festive reindeer teams was held. Guests saw an extensive musical and interactive program with performances by folk groups. Craft workshops, play areas, sports grounds were open, and northern delicacies were offered.

    Preservation of the national culture of the indigenous peoples of the North and their traditional way of life is one of the significant areas of Rosneft’s social policy. The Company’s enterprises implement many social projects in the regions of their operations, develop the infrastructure of northern villages, help reindeer herder families, improve the material and technical base of educational institutions, social and medical facilities in the areas of original residence of indigenous peoples.

    Reference:

    JSC Samotlorneftegaz, one of the key production enterprises of NK Rosneft, carries out production activities in the Nizhnevartovsk region of the Khanty-Mansiysk Autonomous Okrug – Yugra. It develops the largest Samotlor field in Russia, the industrial exploitation of which began in 1969. The total area of the enterprise’s licensed areas exceeds 2.9 thousand square kilometers.

    Under the agreement between Rosneft and the Government of Yugra, Samotlorneftegaz is implementing projects aimed at improving the quality of life of indigenous peoples of the North. Since 2020, the company has been supporting a unique program to equip national camps with modern information and communication technologies. Currently, the project covers about 3,650 people, which is 72% of the indigenous peoples of Yugra leading a traditional way of life.

    Department of Information and Advertising of PJSC NK Rosneft March 3, 2025

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

    MIL OSI Russia News –

  • MIL-OSI China: Sci-fi satire ‘Mickey 17’ debuts to positive response in China

    Source: China State Council Information Office 3

    “Mickey 17,” an absurd yet thought-provoking sci-fi satire from Oscar-winning director Bong Joon-ho, premiered in China on Sunday, eliciting strong reactions from first-day viewers.

    Posters for “Mickey 17” line the walls of a Beijing theater, serving as decorations for the film’s premiere on March 2, 2025. [Photo courtesy of Warner Bros. Pictures]

    Adapted from Edward Ashton’s novel “Mickey7,” the film stars Robert Pattinson as Mickey Barnes, an “expendable” — a disposable crew member on a space mission who can be regenerated with most memories intact if he dies. When a regeneration goes awry, Mickey confronts the extraordinary dilemma of working for an employer who expects him to die for a living. Written and directed by Bong, the film also features Naomi Ackie, Steven Yeun and Mark Ruffalo.

    “I think nowadays there are very few directors in the world who are on Bong’s level and have the audience that Bong has as well,” said Pattinson. “He’s living in very rarified air. I’ve just been such a huge fan of his. And it just came out of nowhere — ‘There’s a Bong project.’ I met him and really loved him. Then the script came in, and it is one of the craziest things I’d ever read.”

    The “Parasite” director, known for his sharp social commentary and genre-defying storytelling, continues to explore systemic inequality with humor, emotion and suspense in “Mickey 17.” The film combines biting, character-driven social satire with high-concept science fiction.

    The marketing campaign for “Mickey 17” playfully appeals to Chinese audiences, especially younger viewers, by portraying the film as a tale of workers navigating demanding bosses. Following premiere events in Beijing and seven other Chinese cities, moviegoers praised the film’s funny, heartfelt and timely allegory, along with the cast’s performances.

    Posters for “Mickey 17” line the walls of a Beijing theater, providing decorations for the premiere event and serving as backdrops for attendee photographs, March 2, 2025. [Photo/China.org.cn]

    As of March 3, “Mickey 17” has received an 88% approval rating from critics on the review aggregation website Rotten Tomatoes, based on 43 reviews. The critics’ consensus states: “‘Mickey 17’ finds Bong Joon Ho returning to his forte of daffy sci-fi with a withering social critique at its core, proving along the way that you can never have too many Robert Pattinsons.”

    The film will be released nationwide in China on March 7.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: NITI AAYOG LAUNCHES REPORT ON “FROM BORROWERS TO BUILDERS: WOMEN’S ROLE IN INDIA’S FINANCIAL GROWTH STORY” REPORT PUBLISHED IN COLLABORATION WITH RANSUNION CIBIL AND MICROSAVE

    Source: Government of India (2)

    NITI AAYOG LAUNCHES REPORT ON “FROM BORROWERS TO BUILDERS: WOMEN’S ROLE IN INDIA’S FINANCIAL GROWTH STORY” REPORT PUBLISHED IN COLLABORATION WITH RANSUNION CIBIL AND MICROSAVE

    Shows 42% Year-Over-Year Growth in Women Borrowers

    Posted On: 03 MAR 2025 2:05PM by PIB Delhi

    NITI Aayog today launched the report titled “From Borrowers to Builders: Women’s Role in India’s Financial Growth Story”. The report launched by CEO NITI Aayog, Shri B.V.R. Subrahmanyam reveals that more women in India are seeking credit and actively monitoring their credit scores. As of December 2024, 27 million women were monitoring their credit, marking a 42% increase from the previous year, signaling growing financial awareness. The report has been published by TransUnion CIBIL, Women Entrepreneurship Platform’s (WEP) of NITI Aayog and MicroSave Consulting (MSC).

    During the launch, Shri B.V.R. Subrahmanyam, CEO of NITI Aayog, highlighted the critical role of access to finance in empowering women entrepreneurs. He stated, “the government recognizes that access to finance is a fundamental enabler for women’s entrepreneurship. The Women Entrepreneurship Platform (WEP) continues to work towards building an inclusive ecosystem that fosters financial literacy, access to credit, mentorship, and market linkages. However, ensuring equitable financial access requires a collective effort. The role of financial institutions in designing inclusive products tailored to women’s needs, along with policy initiatives that address structural barriers, will be instrumental in accelerating this momentum. To achieve this goal under the aegis of WEP, Financing Women Collaborative (FWC) has been constituted. We seek more financial sector stakeholders to join FWC and contribute to this mission.”

    Anna Roy, Principal Economic Advisor, NITI Aayog and Mission Director WEP, said: “Encouraging women entrepreneurship is one way of ensuring employment opportunities for women entering the workforce in India. It also serves as a viable strategy for accelerating equitable economic growth. Promoting women’s entrepreneurship could create employment opportunities for 150 to 170 million people while driving greater participation from women in the labour force.

    The report highlights that women’s share of the total self-monitoring base increased to 19.43% in December 2024, up from 17.89% in 2023. More women from non-metro regions are actively self-monitoring their credit compared to those in metro areas, with growth of 48% in non-metro regions and 30% in metro areas. In 2024, Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh and Telangana accounted for 49% of all self-monitoring women, with the southern region leading at 10.2 million. Northern and central states, including Rajasthan, Uttar Pradesh, and Madhya Pradesh, saw the highest compounded annual growth rates (CAGR) in active women borrowers over the past five years.

    Since 2019, women’s share in business loan origination has increased by 14% and their share in gold loans has grown by 6%, with women accounting for 35% of business borrowers by December 2024. However, challenges such as credit aversion, poor banking experiences, barriers to credit readiness and issues with collateral and guarantors persist. With rising credit awareness and improved scores, financial institutions have the opportunity to offer gender-smart financial products tailored to women’s unique needs.

     

    ***

    MJPS/SR

    (Release ID: 2107708) Visitor Counter : 15

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Applications open for 2025 Hong Kong Youth Music Camp

    Source: Hong Kong Government special administrative region

    Applications open for 2025 Hong Kong Youth Music Camp
    Applications open for 2025 Hong Kong Youth Music Camp
    *****************************************************

         The 2025 Hong Kong Youth Music Camp, organised by the Music Office of the Leisure and Cultural Services Department, will be held between July and August to offer training for young musicians and choir members by highly acclaimed musicians. Participants can also join the in-camp music masterclasses and workshops. The music camps are categorised into residential and non-residential groups. Applications are open today (March 3), and qualified youths aged between 8 and 25 are welcome to join.      Camp A provides in-camp residential training at the Sai Kung Outdoor Recreation Centre for music groups of Chinese Orchestra, Symphony Orchestra and Children’s Choir from July 28 to August 2. Camp fees for local campers and non-local campers are $2,100 and $3,100 respectively. Camp conductors are the Concertmaster and Resident Conductor of Chinese Orchestra of Xi’an Conservatory of Music, Gao Wei; the Music Director of the Northwest Symphony Orchestra, Dr Anthony Spain; and Professor in Choral Conducting and Head of the Conducting Department at Bulgarian National Academy of Music, Professor Theodora Pavlovitch.       Camp B provides non-residential training at designated music centres of the Music Office for groups of Junior Chinese Orchestra, Junior String Orchestra and Junior Symphonic Band from August 4 to 9. The camp fee for both local and non-local campers is $1,100. Assistant Conductor of the Wuxi Chinese Orchestra Guo Pan, internationally acclaimed cello virtuoso and music educator Chu Yi-bing, and former Head of Open Conservatorium at the Queensland Conservatorium of Griffith University Dr Ralph Hultgren will be the camp conductors.      Participants in the music camps will perform at the concert halls of the Hong Kong Cultural Centre on August 3, and Hong Kong City Hall on August 10 respectively to showcase the achievements of their training. Tickets of the concerts will be available at URBTIX (www.urbtix.hk) from May 16.      For information on applicants’ eligibility and application details, please visit the Music Office’s website (www.lcsd.gov.hk/musicoffice). The application deadline is March 28. For enquiries, please call 3842 7773, 2598 0801 or 3842 7775.

     
    Ends/Monday, March 3, 2025Issued at HKT 15:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MD announcement (2)

    Source: Hong Kong Government special administrative region

    MD announcement (2)
    MD announcement (2)
    *******************

    Attention duty announcers, radio and TV stations:Please broadcast the following as soon as possible and repeat it at suitable intervals:     The Marine Department today (March 2) reminded masters, coxswains and persons-in-charge of vessels navigating in Hong Kong waters to proceed at a safe speed and exercise extreme caution because restricted visibility of less than 2 nautical miles has been reported.     Appropriate sound signals shall be made when underway or at anchor. All vessels must comply with the International Regulations for Preventing Collision at Sea.     Also, when radar is used without the benefit of adequate plotting facilities, the information obtained from the equipment is rather limited and should be construed     accordingly.     Visibility reports are broadcast by the Vessel Traffic Centre (VTC) on VHF channels 02, 12, 14, 63 and 67.     In the event of an accident, a report shall be made immediately to the VTC at Tel: 2233 7801.

     
    Ends/Sunday, March 2, 2025Issued at HKT 18:20

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Opening remarks by SCED at opening ceremony of Hong Kong International Jewellery Show and Hong Kong International Diamond, Gem and Pearl Show 2025 (English only)

    Source: Hong Kong Government special administrative region

    Opening remarks by SCED at opening ceremony of Hong Kong International Jewellery Show and Hong Kong International Diamond, Gem and Pearl Show 2025 (English only)
    Opening remarks by SCED at opening ceremony of Hong Kong International Jewellery Show and Hong Kong International Diamond, Gem and Pearl Show 2025 (English only)
    ******************************************************************************************

         Following are the opening remarks by the Secretary for Commerce and Economic Development, Mr Algernon Yau, at the opening ceremony of the Hong Kong International Jewellery Show and the Hong Kong International Diamond, Gem and Pearl Show 2025 today (March 2):Winston (Chairman of the Hong Kong Trade Development Council (HKTDC) Jewellery Advisory Committee, Mr Winston Chow), Lawrence (Chairman of the HKTDC Hong Kong International Jewellery Show and HKTDC Hong Kong International Diamond, Gem and Pearl Show Fair Organising Committee, Mr Lawrence Ma), Margaret (Executive Director of the HKTDC, Ms Margaret Fong), distinguished guests, ladies and gentlemen,     Good afternoon. Thank you for coming to the opening ceremony of the Hong Kong International Jewellery Show and the Hong Kong International Diamond, Gem and Pearl Show 2025. This is a signature event in Hong Kong. This year, we are welcoming some 4 000 exhibitors from over 40 countries and regions. They have all brought with them high-quality products to showcase. I hope that all exhibitors and buyers will find this event rewarding, and can make new friends, new business connections. In addition, I hope you would enjoy your stay in Hong Kong.     Convention and exhibition is a very important sector for us. Hong Kong is strategically right at the heart of Asia, and has superb transport connections with the rest of the world. The connections and the convenience make us a prime location for business activities.     Every year, we host hundreds of large-scale conventions and exhibitions. They in turn attract millions of visitors to Hong Kong, bringing business opportunities for the local tourism, retail, catering and entertainment industries. Of all the international trade shows held in Hong Kong, over 10 are the largest in Asia and globally for their respective trades, including electronics, jewellery, gifts, watches and clocks, lighting, among others.     To bring in more international exhibitions to our city, the Government will launch an incentive scheme later this year called the Incentive Scheme for Recurrent Exhibitions 2.0. The scheme will offer incentive support to attract new or recurrent large-scale international exhibitions to be held in Hong Kong, thereby driving further our economic growth.     The global business environment is facing a lot of uncertainties these days. Protectionism is rising again. It has caused disruptions to trade, supply chain, cash flow and sentiment in the investment market. While putting Hong Kong’s economic resilience to the test, these challenges also make us more determined to reform, to innovate and to improve. But as a matter of principle, Hong Kong is an international trade centre and we will continue to support free trade.     We do not agree with unnecessary tariffs and trade barriers. They affect global trade and capital flows, dampen investment confidence and slow down global economic development. We will continue to be a dedicated supporter of a rule-based multilateral trading system, for the benefits of the whole world.     We hope to see more and more trade shows and mega events in Hong Kong, and welcome you to our city many times in the future. I would also like to thank the organiser for bringing us all together for networking and to enjoy the wonderful jewellery designs on display. Thank you.

     
    Ends/Sunday, March 2, 2025Issued at HKT 16:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Red flag lowered at Clear Water Bay Second Beach

    Source: Hong Kong Government special administrative region

    Attention TV/radio announcers:

    Please broadcast the following as soon as possible and repeat it at regular intervals:

         The Leisure and Cultural Services Department said today (March 2) that the red flag at Clear Water Bay Second Beach in Sai Kung District has been lowered.

         The red flag was hoisted earlier due to big waves.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: NITI AAYOG LAUNCHES REPORT ON “FROM BORROWERS TO BUILDERS: WOMEN’S ROLE IN INDIA’S FINANCIAL GROWTH STORY”

    Source: Government of India

    NITI AAYOG LAUNCHES REPORT ON “FROM BORROWERS TO BUILDERS: WOMEN’S ROLE IN INDIA’S FINANCIAL GROWTH STORY”

    Report published in collaboration with Ransunion Cibil and Microsave

    Shows 42% Year-Over-Year Growth in Women Borrowers

    Posted On: 03 MAR 2025 2:05PM by PIB Delhi

    NITI Aayog today launched the report titled “From Borrowers to Builders: Women’s Role in India’s Financial Growth Story”. The report launched by CEO NITI Aayog, Shri B.V.R. Subrahmanyam reveals that more women in India are seeking credit and actively monitoring their credit scores. As of December 2024, 27 million women were monitoring their credit, marking a 42% increase from the previous year, signaling growing financial awareness. The report has been published by TransUnion CIBIL, Women Entrepreneurship Platform’s (WEP) of NITI Aayog and MicroSave Consulting (MSC).

    During the launch, Shri B.V.R. Subrahmanyam, CEO of NITI Aayog, highlighted the critical role of access to finance in empowering women entrepreneurs. He stated, “the government recognizes that access to finance is a fundamental enabler for women’s entrepreneurship. The Women Entrepreneurship Platform (WEP) continues to work towards building an inclusive ecosystem that fosters financial literacy, access to credit, mentorship, and market linkages. However, ensuring equitable financial access requires a collective effort. The role of financial institutions in designing inclusive products tailored to women’s needs, along with policy initiatives that address structural barriers, will be instrumental in accelerating this momentum. To achieve this goal under the aegis of WEP, Financing Women Collaborative (FWC) has been constituted. We seek more financial sector stakeholders to join FWC and contribute to this mission.”

    Anna Roy, Principal Economic Advisor, NITI Aayog and Mission Director WEP, said: “Encouraging women entrepreneurship is one way of ensuring employment opportunities for women entering the workforce in India. It also serves as a viable strategy for accelerating equitable economic growth. Promoting women’s entrepreneurship could create employment opportunities for 150 to 170 million people while driving greater participation from women in the labour force.

    The report highlights that women’s share of the total self-monitoring base increased to 19.43% in December 2024, up from 17.89% in 2023. More women from non-metro regions are actively self-monitoring their credit compared to those in metro areas, with growth of 48% in non-metro regions and 30% in metro areas. In 2024, Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh and Telangana accounted for 49% of all self-monitoring women, with the southern region leading at 10.2 million. Northern and central states, including Rajasthan, Uttar Pradesh, and Madhya Pradesh, saw the highest compounded annual growth rates (CAGR) in active women borrowers over the past five years.

    Since 2019, women’s share in business loan origination has increased by 14% and their share in gold loans has grown by 6%, with women accounting for 35% of business borrowers by December 2024. However, challenges such as credit aversion, poor banking experiences, barriers to credit readiness and issues with collateral and guarantors persist. With rising credit awareness and improved scores, financial institutions have the opportunity to offer gender-smart financial products tailored to women’s unique needs.

     

    ***

    MJPS/SR

    (Release ID: 2107708) Visitor Counter : 185

    MIL OSI Asia Pacific News –

  • MIL-OSI China: BYD, DJI unveil intelligent vehicle-mounted drone system

    Source: China State Council Information Office

    Chinese automaker BYD and drone giant DJI have launched an intelligent vehicle-mounted drone system, aiming to transform cars into mobile entertainment and exploration platforms.

    The system, called “Lingyuan”, integrates a drone with the vehicle, offering a vertical field of view to capture travel moments in real time. It will be available across all BYD models, the company announced at a launch event on Sunday in Shenzhen, a major tech hub in southern China’s Guangdong Province.

    “Lingyuan” features a retractable car-mounted landing pad, enabling automated takeoff and landing, synchronized follow-shooting, and rapid storage and charging of the drone, according to Yang Dongsheng, BYD’s senior vice president.

    “The collaboration between BYD and DJI is far more than just placing a drone in a car,” said Wang Chuanfu, chairman and president of BYD at the launch event.

    Wang said they started from the ground up, integrating vehicle and drone technologies in a way that enhances both.

    Luo Zhenhua, president of DJI, echoed that sentiment, emphasizing that technology should not be used to create toys for the few. “It should be a tool that benefits the world,” he said, calling the partnership a breakthrough in product innovation and a re-imagination of the mobility ecosystem.

    BYD, founded in 1995 as a battery manufacturer, has been at the forefront of China’s new energy vehicle (NEV) sector. In 2024, the company saw NEV sales soar 41.26 percent year on year to over 4.27 million units.

    Established in 2006 and headquartered in Shenzhen, DJI has grown into the dominant force in the global drone industry, with its products widely used in filmmaking, agriculture, search and rescue, energy infrastructure, and more.

    MIL OSI China News –

  • MIL-OSI Global: From the fashion to the speeches to the music, this was an Oscars of few surprises. 5 experts break it down

    Source: The Conversation – Global Perspectives – By Harriette Richards, Senior Lecturer, School of Fashion and Textiles, RMIT University

    In a year with few surprises in the awards categories, there was also a dearth of surprises on the red carpet. The sartorial themes included sparkling metallics, coloured menswear and bows, bows and more bows.

    Metallic gowns that resemble the Oscar statue are a familiar sight at the Academy Awards and this year was no different. Some of the standouts included best actress nominee Demi Moore in a magnificently glittering silver Armani Privé gown, Selena Gomez in custom Ralph Lauren encrusted with 16,000 individual blush-toned jewel teardrops, and Emma Stone in a minimalist Louis Vuitton sheath covered in iridescent fish scales.

    In the menswear category, tuxedos reign supreme. This year was notable only for the diversity of colours in which these suits came.

    Best actor nominee Timothée Chalamet lived up to his reputation for monochrome, richly hued ensembles in a custom butter yellow leather suit by Givenchy, paired with a matching silk shirt and delicate neck brooch in place of a tie. His best actor nominated compatriot, Colman Domingo (one of the best dressed men in Hollywood) was pristine in a double-breasted red silk jacket with black lapels, black trousers and matching red shirt by Valentino, similarly eschewing a tie in favour of a fine gold brooch. Andrew Garfield wore louche chocolate brown Gucci and Jeremy Strong wore a suit by Loro Piana in an unusual tone of olive green.

    Bows of varying size and stature were perhaps the strongest theme of the night.

    Best actress winner Mikey Madison in black and pink Dior, best supporting actress nominee Felicity Jones in shimmering liquid silver Armani, Elle Fanning in white and black Givenchy and Lupita Nyong’o in white Chanel were all adorned with bows at their waists.

    The most remarkable bow of the night though was best actress nominee Cynthia Erivo in a structured deep emerald-green velvet Louis Vuitton gown, the broad, wing-like sleeves of which were crafted as a bow.

    Notable mentions must also go to those attendees who do not fit neatly into any thematic category. Best supporting actress nominee Ariana Grande wore a meticulously crafted pale pink Schiaparelli confection and Lisa (of Blackpink and now White Lotus fame) perfected a feminine take on masculine suiting in a tuxedo dress by Markgong.

    The only real surprise was the lack of political statements on display. Unlike recent years, when pins and ribbons in support of Ukraine and Palestine were widely worn, this year only Guy Pearce was spotted wearing a Free Palestine pin, Conclave writer Peter Straughan wore a Ukrainian flag pin and Kayo Shekoni had “free Congo” emblazoned on the sole of her high heels.

    – Harriette Richards

    The best picture: Anora

    And the best picture Oscar goes to … Anora – the film that was favoured to win, so no surprises here.

    Though he had been working for more than a decade at the time, writer-director-editor Sean Baker came onto the independent movie scene with a bang with 2015’s Tangerine, a gimmicky film that was mainly celebrated for being shot on an iPhone. Why this would be celebrated is anyone’s guess. I suspect it’s because of the “I could do it too” factor – something the average person certainly couldn’t say if we’re talking 35mm celluloid.

    Since then, Baker’s films have relished in embracing the digital, neon world, but always in a kind of sentimental and shallow, rather than critical, register. None of his films are awful – and maybe that’s saying something in this day and age. Anora also is not awful, but it’s not particularly memorable either.

    Anora follows a run of the mill American dream-type story about a hard-working stripper who seems to strike fairytale gold when a young, fun Russian oligarch falls in love with her. Only the dream turns out to be more of a nightmare (kind of) when things don’t quite work out and the film ends with the titular character once again independent and free.

    The idea of undercutting the fairytale setup of the typical rom-com is not at all original, and the film strikes me as even more schmaltzy in its rejection of the fairytale dream than if it had embraced it and played like a tween-focused Nickelodeon film (it’s about as poignant as this).

    The film’s cardinal sin, however – and it’s certainly not alone in this – is its critical overlength. Each of the film’s sections could have had some 20 minutes cut and we would have had an enjoyably tight romp at 80 minutes. Instead, Anora drags on, swept up in its imagining of its own profundity – at times pretentious, but mainly tedious.

    – Ari Mattes

    Not the year to stick a neck out

    The speeches this year were conspicuously meek. No announcer majorly insulted anyone else. No winner assaulted anyone else. Even the James Bond retrospective lacked energy. What’s going on in Hollywood?

    There are clues that help explain this curious flatness. Host Conan O’Brien mentioned the pressure of “divisive politics” while reflecting on California’s wildfires. Several winners spoke about the importance of shared experience, of what unites us, of film as a medium that brings people together, a force for “good and progress in the world” and “a reminder not to let hate go unchecked”.

    The directors of No Other Land, receiving their Oscar for best documentary, shared the one clear critical voice. Palestinian Basel Adra wished his newborn daughter a life without the fear that governs daily life in his homeland. Israeli co-director Yuval Abraham agreed: “There is another way. It’s not too late for life and for the living. There is no other way.”

    However, that was the only moment people at the Oscars seemed willing to confront the political elephant in the room.

    Anora director Sean Baker used his last (of four!) acceptance speeches to compel more people to help keep cinema doors open. He made his point passionately: this was the best way to sustain an industry that could continue to make brilliant movies. That said, the most emotive speeches of past Oscars events went much further than just commenting on the bread and butter concerns of the film industry.

    This year, there were more clues in what people did not say. There were feints at Russian dictators – but nobody mentioned the war in Ukraine. There was no discussion of a certain election result, nor of filmmakers’ fears that Washington is now in the control of a governing faction that loathes them. Most revealing of all: nobody raised a peep about the President or his friends.

    Hollywood’s collective discipline was on show tonight – and 2025 is not the year to stick a neck out.

    – Tom Clark

    A banner year for independent film

    Independent films were the big winners for this year’s Oscars. While many of the technical awards went to the big budget films, such as Wicked (the US$145 million film won costume design and production design) and Dune: Part 2 (made at a budget of US$190 million, and winning sound and visual effects), the night’s major awards went to small productions.

    While the definitions of “independence” and “studio” films don’t exist in a neat binary when it comes to production and global distribution, we can distinguish between film juggernauts and smaller films.

    Three independent films won significant awards that are of note. Latvian film Flow was the first independent film to win best animated feature, up against major films Inside Out 2 (Pixar Films) and The Wild Robot (DreamWorks).

    The film follows a cat, a dog, a capybara, a secretary bird and a ring-tailed lemur navigating a post-apocalyptic world with rising sea levels. The film also only used free and open-source software Blender and mostly used sounds from real world counterparts of the various characters. It was made for a budget of just €3.5 million (A$5.9 million).

    The best documentary film nominees were dominated by independent films. Notably, the winner No Other Land has sadly been unable to find a distributor to release the film in the United States. (It is available for streaming in Australia on DocPlay, and in select cinemas.) The film was only eligible because the Film Lincoln Centre in New York facilitated a one-week, qualifying theatrical run.

    The night’s top glories went to Anora, made on a budget of just US$6 million (A$9.7 million) and taking home the awards for best film, director, actress, screenplay and editing.

    In his acceptance speech for best director, Sean Baker spoke of the importance of films getting a theatrical release. Films, he said, are about humanity – and that is best experienced in watching a film with other people.

    During awards season, Baker has often spoken about the importance of small budget films in the expression of core human experiences.

    The final message of the night went to Baker when he thanked the Academy for recognising a truly independent film: “Long live independent film!”

    Indeed, independent films ruled this year’s Oscars.

    – Stuart Richards

    Best actor and actress

    Mikey Madison, who won the best actress award for Anora, is quite good in the role. That said, it’s difficult to evaluate her performance in such a meandering film.

    She tries hard playing a stripper who falls for Prince Charming – a Russian oligarch (Hollywood’s anti-Russian sentiment has certainly grown in recent years) who turns out to be a bit of a weakling with meanie parents. But Madison never really convincingly embodies the character, and we’re ever aware as we watch the film that she’s an actress working her way through relevant emotions and intensities.

    That said, Madison is good at yelling and stripping, and this is the main way she shows her chops here. She screamed well in Once Upon a Time… in Hollywood (2019), too. The bar this year was admittedly pretty low, and truth be told Madison’s performance in Anora (aside from Fernanda Torres for I’m Still Here) is probably the best out of the nominees.

    In contrast, Adrien Brody, who won the best actor award, is absolutely unforgettable in the flawed but magnificent The Brutalist – the best he’s been since The Pianist, and the deserved winner by a mile out of a similarly mediocre field. Brody is simply a pleasure to watch, and drives, in a wholly embodied way, this grandiose and exceedingly long film (the fact it doesn’t feel long is largely due to his magnetism).

    The screenplay, in which the character comes across as a combination of arrogant, sweet and at times comedic, allows Brody to display the full range of his talent, and he plays the whole thing with an endearing vulnerability. But, again, it’s unfair to compare Brody and Madison – The Brutalist is a spectacularly accomplished cinematic epic, while Anora feels as stylish and profound as a social media video (I know that’s the point, but that doesn’t make it any more compelling).

    – Ari Mattes

    A lacklustre year for music

    This was a strong year for music-based films, with three of the most nominated ones being musicals of various types: the big-budget Broadway adaptation Wicked, the original film musical Emilia Pérez, and the musician biopic A Complete Unknown.

    The music of the ceremony itself was nicely assembled, with a live orchestra (conducted by Michael Bearden) accompanying proceedings from above the stage.

    But the show was marred by an absence: the best song nominations were not performed live. The new songs this year were so bland, however – especially when compared to the Wicked score and Bob Dylan – that I can hardly blame the producers. The nominations included a dull Elton John song, some soft guitar rock from Sing Sing, Diane Warren’s 16th (!) nominated song (more soft rock), and two forgettable songs from Emilia Pérez (one of which, El Mal, was the winner).

    So little faith did the Academy have in the songs that only a few seconds were played from each, mostly covered by a montage of interviews with the songwriters.

    This year’s nominated best scores were not much more memorable, but Daniel Blumberg deserved his win for The Brutalist. It demonstrates a high level of composition and orchestration craft. It uses edgy instrumental textures to increase the feelings of uncertainty and imbalance that the film imparts.

    The show included a lot of Wizard of Oz. Ariana Grande sang Over the Rainbow from the 1939 film and Cynthia Erivo sang Home from The Wiz, the 1974 soul musical based on the book. Then they performed Defying Gravity from Wicked together.

    Another subtle Wizard of Oz nod was the music played during the commercial breaks: a loop based on Brand New Day from The Wiz, whose 1979 film version had its music produced by the late Quincy Jones. Queen Latifah and backup dancers brought some much needed energy to the last hour of the ceremony with Ease on Down the Road, also from The Wiz, as part of a Jones tribute.

    One surprise was an unnecessary but enjoyable James Bond sequence featuring Margaret Qualley dancing to John Barry’s famous theme, a performance of Live and Let Die by K-pop star Lisa, Doja Cat singing Diamonds Are Forever, and Raye’s rendition of Skyfall.

    This plus the various numbers from the Oz Musical Universe only highlighted how lacklustre this year’s nominated music was.

    – Gregory Camp

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

    – ref. From the fashion to the speeches to the music, this was an Oscars of few surprises. 5 experts break it down – https://theconversation.com/from-the-fashion-to-the-speeches-to-the-music-this-was-an-oscars-of-few-surprises-5-experts-break-it-down-251264

    MIL OSI – Global Reports –

  • MIL-OSI: Magma Finance: The Next Generation DEX on Sui

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 03, 2025 (GLOBE NEWSWIRE) — The decentralized finance (DeFi) landscape is constantly evolving, with new innovations pushing the boundaries of what’s possible. At the heart of this evolution are decentralized exchanges (DEXs), which have become the backbone of DeFi by enabling trustless, permissionless trading. However, as the space matures, the need for sustainable liquidity, aligned incentives, and scalable infrastructure has never been greater.

    Here we introduce Magma Finance, a next-generation ve(3,3) DEX built on the Sui network. Inspired by the success of protocols like Uniswap, Curve, Shadow, and Aerodrome, Magma Finance is designed to bring the power of ve(3,3) to Sui, creating a vibrant and sustainable liquidity ecosystem.

    Why Build on Sui?

    The Sui network is a next-generation Layer 1 blockchain designed for scalability, speed, and security. For a protocol like Magma Finance, Sui offers several key advantages:

    • Unparalleled Speed: Sui’s unique architecture enables near-instant transaction finality, ensuring a seamless trading experience for users.
    • Low Fees: Sui’s efficient consensus mechanism keeps transaction costs low, making it accessible to traders and liquidity providers of all sizes.
    • High Throughput: Sui can handle thousands of transactions per second, making it ideal for high-volume DeFi applications.
    • Developer-Friendly: Sui’s Move programming language and robust tooling make it easy to build and deploy innovative DeFi protocols.
    • Growing Ecosystem: As a rapidly expanding blockchain, Sui offers Magma Finance the opportunity to be a first-mover in a thriving ecosystem.

    By building on Sui, Magma Finance is positioned to leverage these cutting-edge features to deliver a superior trading experience, attract deep liquidity, and foster a strong community.

    The Evolution of DEXs: From Fragmentation to Collaboration

    Decentralized exchanges have come a long way since the early days of DeFi. Platforms like Uniswap and SushiSwap introduced automated market-making (AMM) mechanisms, enabling users to trade assets without intermediaries. However, as the DeFi ecosystem grew, so did its challenges:

    • Liquidity Fragmentation: Liquidity is often spread thin across multiple platforms, leading to inefficiencies and higher slippage.
    • Misaligned Incentives: Traditional AMMs struggle to balance the needs of liquidity providers (LPs), traders, and token holders.
    • Unsustainable Tokenomics: Many protocols rely on inflationary token emissions to attract users, which can erode long-term value.

    To address these challenges, a new wave of DEXs leveraging the ve(3,3) model has emerged. Protocols like Velodrome, Aerodrome, and Thena have demonstrated the power of this model, fostering deep liquidity, aligned incentives, and strong communities.

    What is ve(3,3)?

    The ve(3,3) model is a new approach to decentralized exchange design, combining vote-escrowed governance with game theory principles to create a self-reinforcing ecosystem.

    How it works:

    • ve (Vote-Escrowed): Users lock their tokens to receive veTokens, granting them governance power and enhanced rewards.
    • (3,3): A reference to game theory, where cooperation between stakeholders (traders, LPs, and token holders) leads to optimal outcomes for all participants.

    Key Benefits of ve(3,3):

    • Deep Liquidity: Long-term token locking attracts concentrated liquidity, reducing slippage and improving trading efficiency.
    • Aligned Incentives: The model ensures that LPs, traders, and token holders all benefit from the protocol’s success.
    • Sustainable Tokenomics: Fee sharing and controlled emissions create a sustainable revenue stream for participants.
    • Community Governance: veToken holders can direct emissions to their preferred pools, ensuring liquidity is allocated where it’s needed most.

    Magma Finance: The ve(3,3) DEX on Sui

    Building on the success of ve(3,3) pioneers like Velodrome, Aerodrome, and Thena, Magma Finance is bringing this innovative model to the Sui network.

    What Sets Magma Apart?

    • Native ve(3,3) Implementation: Magma Finance leverages the proven ve(3,3) model to create a sustainable and efficient liquidity ecosystem on Sui.
    • User-Centric Design: Magma is designed with a focus on simplicity and accessibility, offering an intuitive interface for traders and LPs.
    • Community-Driven Governance: Magma empowers its community through vote-escrowed governance, ensuring the protocol evolves in line with user needs.
    • Cross-Chain Potential: While Magma is native to Sui, its architecture is designed to support cross-chain liquidity and interoperability in the future.

    Magma Finance’s Growth and TVL Expansion

    Since its launch, Magma Finance has demonstrated strong adoption and liquidity growth. The protocol has attracted increasing participation from liquidity providers, with Total Value Locked (TVL) showing significant expansion over the past weeks.

    • As of February 16, 2025, Magma Finance reached $2,000,000 in TVL.
    • By February 21, 2025, the protocol’s TVL surged to $3,700,000.

    This rapid increase in liquidity highlights the confidence of users and investors in Magma Finance’s model and its role in the growing Sui DeFi ecosystem. The accelerating TVL growth suggests an increasing number of market participants are committing to the platform, positioning it as a leading liquidity hub on Sui.

    The Magma Vision: A Collaborative Future

    Magma Finance is more than just a DEX—it’s a community-driven liquidity hub designed to fuel the growth of the Sui ecosystem. By combining the proven ve(3,3) model with Sui’s cutting-edge technology, Magma is poised to become a cornerstone of DeFi on Sui.

    Our Commitment:

    • Sustainability: Magma is built to last, with tokenomics designed to minimize inflation and maximize long-term value.
    • Innovation: We’re constantly exploring new ways to enhance the protocol and deliver value to our users.
    • Community: Magma is powered by its community, and we’re committed to fostering a vibrant and inclusive ecosystem.

    As of the current release, the protocol has attracted more than $2,000,000 of Total Value Locked.

    Press Contact:
    Louise
    ops@magmafinance.io

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bad03c54-528d-4ee4-8655-ce50602c4df2

    The MIL Network –

  • MIL-OSI: 8/2025・Trifork Group AG – Reporting of transactions made by persons discharging managerial responsibilities

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 8 / 2025
    Schindellegi, Switzerland – 3 March 2025


    Reporting of transactions made by persons discharging managerial responsibilities

    Pursuant to the Market Abuse Regulation Article 19, Trifork Group AG (Swiss company registration number CHE-474.101.854) (“Trifork”) hereby notifies receipt of information of the following transactions made by persons discharging managerial responsibilities in Trifork in connection with automatic vesting of Restricted Stock Units (“RSUs”) granted under the terms of a long-term incentive program (the “LTIP“) in accordance with Trifork’s Remuneration Policy.

    1. Details of the person discharging managerial responsibilities/person closely associated
    a) Name Jørn Larsen
    2. Reason for the notification
    a) Position/status CEO
    b) Initial notification/
    Amendment    		 Initial notification
    3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Trifork Group AG
    b) LEI 8945004BYZKXPESTBL36
    4.1 Details of the transaction(s)
    a) Description of the financial instrument, type of instrument

    Identification code

    		 Shares

    ISIN CH1111227810
    b) Nature of the transaction Automatic vesting of 19,990 RSUs granted under the terms of the LTIP. The 19,990 shares were previously held by Trifork as treasury shares.
    c) Price(s) and volume(s) Price(s) Volume(s)
    DKK 0 19,990
    d) Aggregated information
    —
    Aggregated volume —
    Price    		 N/A
    e) Date of the transaction 3 March 2025
    f) Place of the transaction Outside a trading venue
    1. Details of the person discharging managerial responsibilities/person closely associated
    a) Name Kristian Wulf-Andersen
    2. Reason for the notification
    a) Position/status CFO
    b) Initial notification/
    Amendment    		 Initial notification
    3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Trifork Group AG
    b) LEI 8945004BYZKXPESTBL36
    4.1 Details of the transaction(s)
    a) Description of the financial instrument, type of instrument

    Identification code

    		 Shares

    ISIN CH1111227810
    b) Nature of the transaction Automatic vesting of 13,321 RSUs granted under the terms of the LTIP. The 13,321 shares were previously held by Trifork as treasury shares.
    c) Price(s) and volume(s) Price(s) Volume(s)
    DKK 0 13,321
    d) Aggregated information
    —
    Aggregated volume —
    Price    		 N/A
    e) Date of the transaction 3 March 2025
    f) Place of the transaction Outside a trading venue


    Information and questions
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17


    About Trifork
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    The MIL Network –

  • MIL-Evening Report: From the fashion to the speeches to the music, this was an Oscars of few surprises. 5 experts break it down

    Source: The Conversation (Au and NZ) – By Harriette Richards, Senior Lecturer, School of Fashion and Textiles, RMIT University

    In a year with few surprises in the awards categories, there was also a dearth of surprises on the red carpet. The sartorial themes included sparkling metallics, coloured menswear and bows, bows and more bows.

    Metallic gowns that resemble the Oscar statue are a familiar sight at the Academy Awards and this year was no different. Some of the standouts included best actress nominee Demi Moore in a magnificently glittering silver Armani Privé gown, Selena Gomez in custom Ralph Lauren encrusted with 16,000 individual blush-toned jewel teardrops, and Emma Stone in a minimalist Louis Vuitton sheath covered in iridescent fish scales.

    In the menswear category, tuxedos reign supreme. This year was notable only for the diversity of colours in which these suits came.

    Best actor nominee Timothée Chalamet lived up to his reputation for monochrome, richly hued ensembles in a custom butter yellow leather suit by Givenchy, paired with a matching silk shirt and delicate neck brooch in place of a tie. His best actor nominated compatriot, Colman Domingo (one of the best dressed men in Hollywood) was pristine in a double-breasted red silk jacket with black lapels, black trousers and matching red shirt by Valentino, similarly eschewing a tie in favour of a fine gold brooch. Andrew Garfield wore louche chocolate brown Gucci and Jeremy Strong wore a suit by Loro Piana in an unusual tone of olive green.

    Bows of varying size and stature were perhaps the strongest theme of the night.

    Best actress winner Mikey Madison in black and pink Dior, best supporting actress nominee Felicity Jones in shimmering liquid silver Armani, Elle Fanning in white and black Givenchy and Lupita Nyong’o in white Chanel were all adorned with bows at their waists.

    The most remarkable bow of the night though was best actress nominee Cynthia Erivo in a structured deep emerald-green velvet Louis Vuitton gown, the broad, wing-like sleeves of which were crafted as a bow.

    Notable mentions must also go to those attendees who do not fit neatly into any thematic category. Best supporting actress nominee Ariana Grande wore a meticulously crafted pale pink Schiaparelli confection and Lisa (of Blackpink and now White Lotus fame) perfected a feminine take on masculine suiting in a tuxedo dress by Markgong.

    The only real surprise was the lack of political statements on display. Unlike recent years, when pins and ribbons in support of Ukraine and Palestine were widely worn, this year only Guy Pearce was spotted wearing a Free Palestine pin, Conclave writer Peter Straughan wore a Ukrainian flag pin and Kayo Shekoni had “free Congo” emblazoned on the sole of her high heels.

    – Harriette Richards

    The best picture: Anora

    And the best picture Oscar goes to … Anora – the film that was favoured to win, so no surprises here.

    Though he had been working for more than a decade at the time, writer-director-editor Sean Baker came onto the independent movie scene with a bang with 2015’s Tangerine, a gimmicky film that was mainly celebrated for being shot on an iPhone. Why this would be celebrated is anyone’s guess. I suspect it’s because of the “I could do it too” factor – something the average person certainly couldn’t say if we’re talking 35mm celluloid.

    Since then, Baker’s films have relished in embracing the digital, neon world, but always in a kind of sentimental and shallow, rather than critical, register. None of his films are awful – and maybe that’s saying something in this day and age. Anora also is not awful, but it’s not particularly memorable either.

    Anora follows a run of the mill American dream-type story about a hard-working stripper who seems to strike fairytale gold when a young, fun Russian oligarch falls in love with her. Only the dream turns out to be more of a nightmare (kind of) when things don’t quite work out and the film ends with the titular character once again independent and free.

    The idea of undercutting the fairytale setup of the typical rom-com is not at all original, and the film strikes me as even more schmaltzy in its rejection of the fairytale dream than if it had embraced it and played like a tween-focused Nickelodeon film (it’s about as poignant as this).

    The film’s cardinal sin, however – and it’s certainly not alone in this – is its critical overlength. Each of the film’s sections could have had some 20 minutes cut and we would have had an enjoyably tight romp at 80 minutes. Instead, Anora drags on, swept up in its imagining of its own profundity – at times pretentious, but mainly tedious.

    – Ari Mattes

    Not the year to stick a neck out

    The speeches this year were conspicuously meek. No announcer majorly insulted anyone else. No winner assaulted anyone else. Even the James Bond retrospective lacked energy. What’s going on in Hollywood?

    There are clues that help explain this curious flatness. Host Conan O’Brien mentioned the pressure of “divisive politics” while reflecting on California’s wildfires. Several winners spoke about the importance of shared experience, of what unites us, of film as a medium that brings people together, a force for “good and progress in the world” and “a reminder not to let hate go unchecked”.

    The directors of No Other Land, receiving their Oscar for best documentary, shared the one clear critical voice. Palestinian Basel Adra wished his newborn daughter a life without the fear that governs daily life in his homeland. Israeli co-director Yuval Abraham agreed: “There is another way. It’s not too late for life and for the living. There is no other way.”

    However, that was the only moment people at the Oscars seemed willing to confront the political elephant in the room.

    Anora director Sean Baker used his last (of four!) acceptance speeches to compel more people to help keep cinema doors open. He made his point passionately: this was the best way to sustain an industry that could continue to make brilliant movies. That said, the most emotive speeches of past Oscars events went much further than just commenting on the bread and butter concerns of the film industry.

    This year, there were more clues in what people did not say. There were feints at Russian dictators – but nobody mentioned the war in Ukraine. There was no discussion of a certain election result, nor of filmmakers’ fears that Washington is now in the control of a governing faction that loathes them. Most revealing of all: nobody raised a peep about the President or his friends.

    Hollywood’s collective discipline was on show tonight – and 2025 is not the year to stick a neck out.

    – Tom Clark

    A banner year for independent film

    Independent films were the big winners for this year’s Oscars. While many of the technical awards went to the big budget films, such as Wicked (the US$145 million film won costume design and production design) and Dune: Part 2 (made at a budget of US$190 million, and winning sound and visual effects), the night’s major awards went to small productions.

    While the definitions of “independence” and “studio” films don’t exist in a neat binary when it comes to production and global distribution, we can distinguish between film juggernauts and smaller films.

    Three independent films won significant awards that are of note. Latvian film Flow was the first independent film to win best animated feature, up against major films Inside Out 2 (Pixar Films) and The Wild Robot (DreamWorks).

    The film follows a cat, a dog, a capybara, a secretary bird and a ring-tailed lemur navigating a post-apocalyptic world with rising sea levels. The film also only used free and open-source software Blender and mostly used sounds from real world counterparts of the various characters. It was made for a budget of just €3.5 million (A$5.9 million).

    The best documentary film nominees were dominated by independent films. Notably, the winner No Other Land has sadly been unable to find a distributor to release the film in the United States. (It is available for streaming in Australia on DocPlay, and in select cinemas.) The film was only eligible because the Film Lincoln Centre in New York facilitated a one-week, qualifying theatrical run.

    The night’s top glories went to Anora, made on a budget of just US$6 million (A$9.7 million), and taking home the awards for best film, director, actress, screenplay and editing.

    In his acceptance speech for best director, Sean Baker spoke of the importance of films getting a theatrical release. Films, he said, are about humanity – and that is best experienced in watching a film with other people.

    During awards season, Baker has often spoken about the importance of small budget films in the expression of core human experiences.

    The final message of the night went to Baker when he thanked the Academy for recognising a truly independent film: “Long live independent film!”

    Indeed, independent films ruled this year’s Oscars.

    – Stuart Richards

    Best actor and actress

    Mikey Madison, who won the best actress award for Anora, is quite good in the role. That said, it’s difficult to evaluate her performance in such a meandering film.

    She tries hard playing a stripper who falls for Prince Charming – a Russian oligarch (Hollywood’s anti-Russian sentiment has certainly grown in recent years) who turns out to be a bit of a weakling with meanie parents. But Madison never really convincingly embodies the character, and we’re ever aware as we watch the film that she’s an actress working her way through relevant emotions and intensities.

    That said, Madison is good at yelling and stripping, and this is the main way she shows her chops here. She screamed well in Once Upon a Time… in Hollywood (2019), too. The bar this year was admittedly pretty low, and truth be told Madison’s performance in Anora (aside from Fernanda Torres for I’m Still Here) is probably the best out of the nominees.

    In contrast, Adrien Brody, who won the best actor award, is absolutely unforgettable in the flawed but magnificent The Brutalist – the best he’s been since The Pianist, and the deserved winner by a mile out of a similarly mediocre field. Brody is simply a pleasure to watch, and drives, in a wholly embodied way, this grandiose and exceedingly long film (the fact it doesn’t feel long is largely due to his magnetism).

    The screenplay, in which the character comes across as a combination of arrogant, sweet and at times comedic, allows Brody to display the full range of his talent, and he plays the whole thing with an endearing vulnerability. But, again, it’s unfair to compare Brody and Madison – The Brutalist is a spectacularly accomplished cinematic epic, while Anora feels as stylish and profound as a social media video (I know that’s the point, but that doesn’t make it any more compelling).

    – Ari Mattes

    A lacklustre year for music

    This was a strong year for music-based films, with three of the most nominated ones being musicals of various types: the big-budget Broadway adaptation Wicked, the original film musical Emilia Pérez, and the musician biopic A Complete Unknown.

    The music of the ceremony itself was nicely assembled, with a live orchestra (conducted by Michael Bearden) accompanying proceedings from above the stage.

    But the show was marred by an absence: the best song nominations were not performed live. The new songs this year were so bland, however – especially when compared to the Wicked score and Bob Dylan – that I can hardly blame the producers. The nominations included a dull Elton John song, some soft guitar rock from Sing Sing, Diane Warren’s 16th (!) nominated song (more soft rock), and two forgettable songs from Emilia Pérez (one of which, El Mal, was the winner).

    So little faith did the Academy have in the songs that only a few seconds were played from each, mostly covered by a montage of interviews with the songwriters.

    This year’s nominated best scores were not much more memorable, but Daniel Blumberg deserved his win for The Brutalist. It demonstrates a high level of composition and orchestration craft. It uses edgy instrumental textures to increase the feelings of uncertainty and imbalance that the film imparts.

    The show included a lot of Wizard of Oz. Ariana Grande sang Over the Rainbow from the 1939 film and Cynthia Erivo sang Home from The Wiz, the 1974 soul musical based on the book. Then they performed Defying Gravity from Wicked together.

    Another subtle Wizard of Oz nod was the music played during the commercial breaks: a loop based on Brand New Day from The Wiz, whose 1979 film version had its music produced by the late Quincy Jones. Queen Latifah and backup dancers brought some much needed energy to the last hour of the ceremony with Ease on Down the Road, also from The Wiz, as part of a Jones tribute.

    One surprise was an unnecessary but enjoyable James Bond sequence featuring Margaret Qualley dancing to John Barry’s famous theme, a performance of Live and Let Die by K-pop star Lisa, Doja Cat singing Diamonds Are Forever, and Raye’s rendition of Skyfall.

    This plus the various numbers from the Oz Musical Universe only highlighted how lacklustre this year’s nominated music was.

    – Gregory Camp

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

    – ref. From the fashion to the speeches to the music, this was an Oscars of few surprises. 5 experts break it down – https://theconversation.com/from-the-fashion-to-the-speeches-to-the-music-this-was-an-oscars-of-few-surprises-5-experts-break-it-down-251264

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Asia-Pac: English rendering of PM’s address in NXT Conclave

    Source: Government of India

    Posted On: 01 MAR 2025 2:03PM by PIB Delhi

    Namaskar, 

    ITV Network founder and my colleague in Parliament, Kartikeya Sharma ji, the entire team of the network, all the guests from India and abroad, other dignitaries, ladies and gentlemen, NewsX World’s auspicious beginning and for this I congratulate all of you, my best wishes. Today, all the regional channels of your network including Hindi and English are going global. And today many fellowships and scholarships have also been started. I wish all of you the best for these programs.

    Friends, 

    I have been attending such media events earlier also, but today I feel that you have set a new trend and I congratulate you for this too. Such media events keep happening in our country, and it is a tradition that is continuing. There are some economic topics in it, it is a matter of benefit for everyone, but your network has given it a new dimension. You have worked on a new model by breaking away from the norm. I remember, if I talk about the earlier summits and your summit I have been listening to since yesterday, the earlier summits organised by different media houses have been leader-centric, I am happy that this one is policy-centric, policies are being discussed here. Most of the events that have taken place have been about living the present on the basis of the past. I see that your summit is dedicated to the future. I have seen that in all such programs that I have seen from afar or have attended myself, the importance of controversy was more there, here the importance of dialogue is more. And I firmly believe that all the events that I have attended are held in a small room and have their own people. Seeing such a huge event here and that too the event of a media house and people from all walks of life being here, is a big thing in itself. It is possible that other media people will not get any masala (scoop) from here, but the country will get a lot of inspiration, because the thoughts of every person who comes here will be thoughts that inspire the country. I hope that in the coming days other media houses will also adopt this trend, this template, in their own way and make it innovative and at least come out of that small room.

    Friends, 

    Today the whole world is looking at 21st century India, people from all over the world want to come to India, want to know India. Today India is the country in the world where positive news is being created continuously. There is no need to manufacture news, where new records are being made every day, something new is happening. Just on 26 February, the Maha Kumbh of unity was concluded in Prayagraj. The whole world is surprised that how in a temporary city, a temporary arrangement, crores of people came to the banks of the river, travelled hundreds of kilometers and got filled with emotions after taking a holy bath. Today the world is seeing India’s organising and innovating skills. We are manufacturing everything from semiconductors to aircraft carriers right here. The world wants to know about this success of India in detail. I think that this NewsX World is a very big opportunity in itself.

    Friends, 

    Just a few months ago, India conducted the world’s largest elections. After 60 years, it happened that a government in India has returned to power for the third consecutive time. The basis of this public trust are India’s many achievements in the last 11 years. I am confident that your new channel will take India’s real stories to the world. Without adding any colour, your global channel will show the picture of India as it is, we do not need makeup.

    Friends, 

    Many years ago, I had presented the vision of Vocal for Local and Local for Global to the country. Today we are seeing this vision turning into reality. Today our Ayush products and Yoga have gone from Local to Global. Go anywhere in the world, you will find someone who knows Yoga, my friend Tony is sitting here, he is a daily Yoga practitioner.  Today, India’s superfood, our Makhana, is going global from local. India’s millets – Shreeanna, are also going global from local. And I have come to know that my friend, Tony Abbott, has had first-hand experience of Indian millets at Delhi Haat, and he liked the millet dishes very much and I felt very happy to hear this.

    Friends, 

    Not only millets, India’s turmeric has also gone from local to global, India supplies more than 60 percent of the world’s turmeric. India’s coffee has also gone from local to global, India has become the world’s seventh largest coffee exporter. Today India’s mobiles, electronic products, medicines made in India are making their global identity. And along with all this, one more thing has happened. India is leading many global initiatives. Recently I got a chance to go to the AI ​​Action Summit in France. India was the co-host of this summit which is taking the world towards the AI ​​future. Now India has the responsibility of hosting it. India organised such a wonderful G-20 Summit during its presidency. During this summit, we gave the world a new economic route in the form of India-Middle East-Europe Corridor. India also gave a strong voice to the Global South, we have connected the island nations and their interests to our priority. India has given the vision of Mission Life to the world to deal with the climate crisis. Similarly, International Solar Alliance, Coalition for Disaster Resilient Infrastructure, there are many such initiatives which India is leading globally. And I am happy that today when many brands of India are going global, the media of India is also going global. It is understanding this global opportunity.

    Friends, 

    For decades, the world used to call India its back office. But today, India is becoming the new factory of the world. We are not just becoming a workforce, but a world-force! Today, the country is becoming an emerging export hub for the things that we once imported. The farmer who was once limited to the local market, today his crop is reaching the markets of the whole world. The demand for Pulwama’s Snow Peas, Maharashtra’s Purandar Figs and Kashmir’s Cricket Bats is now increasing in the world. Our Defence products are showing the world the power of Indian Engineering and technology. From the Electronics to Automobile Sector, the world has seen our scale and capability. We are not only providing our products to the world, India is also becoming a trusted and reliable partner in the global supply chain.

    Friends, 

    If we have become a leader in many sectors today, then it is because of years of well deliberated hard work. This has been possible only due to systematic policy decisions. Look at the journey of 10 years, where bridges were incomplete, roads were stuck, today dreams are moving ahead at a new pace. With good roads, excellent expressways, both travel time and cost have reduced. This has given the industry an opportunity to reduce the turnaround time of logistics. Our automobile sector got a huge benefit from this. This increased the demand for vehicles, we encouraged the production of vehicles and EVs. Today we have emerged as a major automobile producer and exporter in the world.

    Friends, 

    A similar change has been seen in electronics manufacturing. In the last decade, electricity reached more than 2.5 crore households for the first time. The demand for electricity increased in the country, production increased, which increased the demand for Electronic Equipment. When we made data cheaper, the demand for mobile phones increased. As more and more services were brought on mobile phones, the consumption of digital devices increased further. By turning this demand into an opportunity, we started programs like PLI Schemes. Today, India has become a major electronics exporter.

    Friends, 

    Today India is able to set very big targets and is achieving them, so there is a special mantra at the core of this. This mantra is – minimum government, maximum governance. This is the mantra of efficient and effective governance. That means no interference from the government, no pressure from the government. I will give you an interesting example. In the last decade, we have abolished about 1500 laws that have lost their importance. It is a big deal to abolish 1500 laws. Many of these laws were made during British rule. Now I will tell you something, you will be surprised to hear that there was a law called dramatic performance act, this law was made by the British 150 years ago, at that time the British wanted that drama and theatre should not be used against the then government. There was a provision in this law that if 10 people were found dancing in a public place, they could be arrested. And this law continued for 75 years after the country got independence. That is, if there is a wedding procession and 10 people are dancing, the police can arrest them including the groom. This law was in force for 70-75 years after independence. This law was removed by our government. Now, we have borne this law for 70 years, I have nothing to say to the government of that time, those leaders, they are sitting here too, but I am more surprised by this Lutyens’ group, this Khan Market gang. Why were these people silent on such a law for 75 years? Those who go to court every day, who roam around like contractors of PIL, why were these people silent? Did they not remember liberty then? If someone thinks today, what would have happened if Modi had made such a law? And these trollers on social media, if they too had spread such false news that Modi was going to make such a law, these people would have created a ruckus, would have pulled Modi’s hair.

    Friends, 

    It is our government that has abolished this law from the times of slavery. I will give another example of bamboo, bamboo is the lifeline of our tribal areas, especially the North East. But earlier, you were sent to jail even for cutting bamboo, why was the law made now? Now, if I ask you, is bamboo a tree? Some will believe that it is a tree, some will believe that it is a tree, you will be surprised that even after 70 years of independence, the government of my country believed that bamboo is a tree, and therefore, just as cutting trees was prohibited, cutting bamboo was also prohibited. There was a law in our country which considered bamboo to be a tree, and all the laws for trees were applicable to it, it was difficult to cut it. Our earlier rulers could not understand that bamboo is not a tree. The British may have had their own interests, but why did we not do it? Even the decades old law related to bamboo was changed by our own government.

    Friends, 

    You must remember how difficult it was for a common man to file ITR 10 years ago. Today you file ITR in a few moments and the refund is also deposited directly in the account within a few days. Now the process of making the law related to income tax even simpler is going on in the Parliament. We have made income up to Rs. 12 lakh tax free, yes now there is applause, you did not applaud the bamboo because it belongs to the tribals. And this is going to benefit especially the media personnel, the salaried class like you. The youth who are doing their first and second jobs, their aspirations are also different, their expenses are also different. They should fulfil their aspirations, their savings should increase, the budget has helped a lot in this. Our aim is to give the people of the country Ease of Living, Ease of Doing Business, give them open skies to fly. Today see how many start-ups are taking advantage of geospatial data. Earlier, if someone had to make a map, they had to take permission from the government. We changed this and today our start-ups and private companies are making excellent use of this data.

    Friends,

    India, which gave the world the concept of Zero, is today becoming the land of Infinite Innovations. Today India is not just innovating but also indovating. And when I say indovate, it means – Innovating The Indian Way. Through indovating, we are creating solutions that are affordable, accessible and adaptable. We are not gate-keeping these solutions but have offered them to the entire world. When the world wanted a secure and cost-effective digital payment system, we created the UPI system. I was listening to Professor Carlos Montes, he seemed very impressed with the people-friendly nature of technology like UPI. Today, countries like France, UAE, Singapore are integrating UPI in their financial ecosystem. Today, many countries of the world are making agreements to join our digital public infrastructure, India Stack. During the Covid pandemic, our vaccine showed the world the model of India’s Quality Healthcare Solutions. We also open-sourced the Arogya Setu app so that the world can benefit from it. India is a major space power; we are also helping other countries to achieve their space aspirations. India is also working on AI for Public Good and is also sharing its experience and expertise with the world.

    Friends,

    ITV Network has launched many fellowships today. India’s youth is the biggest beneficiary of developed India and also the biggest stakeholder. Therefore, India’s youth is a very big priority for us. National Education Policy has given children an opportunity to think beyond books. Children are getting ready for the field of AI and Data Science by learning coding from middle school itself. Atal Tinkering Labs are giving children hands-on experience of emerging technologies. Therefore, in this year’s budget, we have announced to create 50 thousand new Atal Tinkering Labs.

    Friends,

    In the world of news, you people take subscriptions from different agencies, this helps you in getting better news coverage. Similarly, in the field of research, students need more and more information sources. For this, earlier they had to take subscriptions of different journals at expensive rates, they had to spend money themselves. Our government has freed all researchers from this worry too. We have brought One Nation One Subscription. With this, every researcher of the country is sure to get free access to the world’s renowned journals. The government is going to spend more than 6 thousand crore rupees on this. We are ensuring that every student gets the best research facilities. Be it space exploration, biotech research or AI, our children are emerging as future leaders. Dr. Brian Green has met the students of IIT and astronaut Mike Massimino went to meet the students of Central School and as he said, his experience has been really wonderful. The day is not far when a big innovation of the future will come out of a small school in India.

    Friends,

    Let the flag of India fly on every global platform, this is our aspiration, this is our direction.

    Friends,

    This is not the time to think small and take small steps. I am happy that as a media organisation, you too have understood this sentiment. You see, till 10 years ago you used to think about how to reach different states of the country, how to make your media house reach, today you too have gathered the courage to go global. This inspiration, this pledge, should be the one of every citizen, every entrepreneur today. My dream is that there should be some Indian brand in every market of the world, in every drawing room, on every dining table. Made in India – should become the mantra of the world. If someone is ill, he should first think about – Heal in India. If someone wants to get married, he should first think about – Wed in India. If someone wants to travel, he should put India on top of his list. If someone wants to hold a conference or an exhibition, he should come to India first. If someone wants to hold a concert, he should first choose India. We have to develop this strength, this positive attitude in ourselves. Your network and your channel will play a big role in this. The possibilities are infinite, now we have to turn them into reality with our courage and determination.

    Friends,

    India is moving ahead with the resolve to become a developed India in the next 25 years. You too should move ahead with the resolve to bring yourself on the world stage as a media house. I believe that you will definitely succeed in this. I once again convey my best wishes to the entire team of ITV Network and I also congratulate the participants who have come from the country and the world, their views have definitely strengthened a positive thinking, I am thankful for this too, because when the pride of India increases, every Indian feels happy and proud and for this I thank them all very much. Namaskaram.

     

    DISCLAIMER: This is the approximate translation of PM’s speech. Original speech was delivered

    MIL OSI Asia Pacific News –