Category: Entertainment

  • MIL-OSI Global: Kendrick Lamar’s big Super Bowl moment

    Source: The Conversation – USA – By Christina L. Myers, Assistant Professor of Journalism, Michigan State University

    Lamar’s Super Bowl appearance marks a political reckoning for the NFL. Astrida Valigorsky/Getty Images

    In the September 2024 NFL ad announcing Kendrick Lamar as the halftime performer at Super Bowl 59, the 37-year-old rapper stands before a colossal American flag, feeding footballs into a machine that launches the balls to wide receivers.

    “Will you be pulling up? I hope so,” he says, plugging his forthcoming appearance on one of the world’s biggest stages, where the cultural stakes can be as high as the athletic ones. “Wear your best dress too, even if you’re watching from home.”

    The casual yet evocative scene was classic Kendrick.

    As a world-renowned Grammy- and Pulitzer Prize-winning artist, Lamar stands in a league of his own. His unflinching critiques of racial injustice, systemic inequality and the exploitation of Black culture have made him a boundary-pushing artist and cultural visionary.

    My work examines how race and racism are constructed, represented and challenged in mass media, particularly in news, music and sports. I think the NFL’s complicated history with social justice makes his participation even more significant.

    With a discography expansive enough to eclipse the time constraints of Sunday’s game, I’m eager to see whether Lamar will weave his lyrical masterpieces into a performance that entertains, educates and challenges viewers.

    Sports, politics and backlash

    Sports have always been political, despite persistent calls to keep politics out of sports.

    The tradition of playing the national anthem before sporting events is but one example: The song is rooted in wartime sorrow and serves as a call to patriotism.

    Then there are unsanctioned acts of protests by players and fans. Whenever professional athletes go on strike, it’s political. When fans unfurl banners in support of Palestinians, it’s political.

    From Tommie Smith and John Carlos’ fist-raising at the 1968 Olympics in solidarity with Black communities during the Civil Rights Movement, to Muhammad Ali’s refusal to fight in the Vietnam War, to Colin Kaepernick’s kneeling to protest police brutality, athletes have long used their platforms to confront injustice and challenge norms.

    Yet, acts of protest often incite backlash, and the NFL has haphazardly tried to police political speech.

    Kaepernick’s protests sparked a national debate about ideas of patriotism and the appropriateness of protest on the playing field. At the same time, NFL owners appeared to effectively blacklist him from the league.

    Nick Bosa, a defensive end with the 49ers, was fined for violating a rule forbidding players from wearing clothes conveying “personal messages” when he wore a MAGA hat during a postgame interview in 2024. Meanwhile, NFL owners have donated millions to presidential campaigns, with most of those contributions given to Republican candidates.

    Kansas City Chiefs Chairman and CEO Clark Hunt has donated to Republican politicians and causes, even as the league tries to muzzle players’ political speech.
    Kevin C. Cox/Getty Images

    An artist and activist

    The Super Bowl halftime show has long been more than just a musical interlude. It’s a stage where cultural and political currents converge.

    During Beyoncé’s 2016 appearance alongside headliner Bruno Mars, she paid homage to the Black Panthers, Malcolm X and the Black Lives Matter movement. U2’s act during the 2002 Super Bowl provided a moment of collective mourning and hope for a country still reeling from the 9/11 terrorist attacks. More recently, Dr. Dre’s 2022 performance celebrated hip-hop’s rise from a marginalized genre to a dominant cultural force. Eminem, who also participated in that performance, took a knee on stage to critique the NFL’s treatment of Black athletes and activists.

    Rapper Eminem takes a knee as he performs during the halftime show of Super Bowl 56 on Feb. 13, 2022.
    Valerie Macon/AFP via Getty Images

    To me, Lamar’s Super Bowl appearance symbolizes a broader reckoning with how the NFL handles the tension between politics and corporate entertainment.

    That’s because Kendrick Lamar’s artistry is more than just music. It’s activism.

    From his Grammy award-winning album “To Pimp a Butterfly” to the raw, introspective, Pulitzer Prize-winning album “DAMN.,” Lamar has consistently confronted themes of systemic oppression, racial injustice and Black life in America.

    Tracks like “DNA.” are unapologetic celebrations of Blackness and generational resilience:

     I got loyalty, got royalty inside my DNA
     Quarter piece, got war and peace inside my DNA
     I got power, poison, pain and joy inside my DNA
     I got hustle, though, ambition flow inside my DNA
    

    The Blacker the Berry” delves into the complexities of Black identity and confronting systemic racism:

      I said they treat me like a slave, cah me Black
      Woi, we feel whole heap of pain cah we Black
      And man a say they put me inna chains cah we Black
    

    And “XXX.” confronts the greed, violence and hypocrisy at the core of American life.

      Hail Mary, Jesus and Joseph
      The great American flag
      Is wrapped and dragged with explosives
      Compulsive disorder, sons and daughters
      Barricaded blocks and borders, look what you taught us
      It's murder on my street
      Your street, back streets, Wall Street
    

    Unlike many mainstream artists, Lamar seems to have mastered the delicate balance between commercial success and politically charged content. His genius lies in his ability to write songs that transcend race, gender and class.

    At a time when the nation grapples with efforts to dismantle diversity, equity and inclusion practices, and as corporate power continues to go unchecked, conversations about race and inequality remain at the fore.

    Lamar has never hesitated to confront uncomfortable truths through his music. He has a unique opportunity to merge art, activism and a critique of the nation. I expect this moment will be no exception.

    Will you be pulling up? I will.

    Christina L. Myers is affiliated with the National Association of Black Journalists (NABJ).

    ref. Kendrick Lamar’s big Super Bowl moment – https://theconversation.com/kendrick-lamars-big-super-bowl-moment-247976

    MIL OSI – Global Reports

  • MIL-OSI USA: VIDEO: Hickenlooper Calls Out Vought’s Project 2025 Agenda on Senate Floor, Vows to Use Every Tool to Fight

    US Senate News:

    Source: United States Senator John Hickenlooper – Colorado

    Hickenlooper: “It’s time to use every tool at our disposal to disrupt what Mr. Vought and his Project [2025] are trying to do.”

    Senate Democrats held the Senate floor overnight to oppose Vought’s nomination

    WASHINGTON – Today, U.S. Senator John Hickenlooper spoke on the Senate floor against the nomination of Russell Vought, President Trump’s pick to lead the Office of Budget and Management (OMB). Hickenlooper’s remarks come ahead of the final confirmation vote, where he will vote “No” on Vought.

    “If confirmed, Mr. Vought and Project 2025 could have devastating consequences for Colorado,” Hickenlooper said on the Senate floor.

    “…At a time when grocery prices are rising on everything from eggs to meat, Project 2025 is going to make life harder for Colorado farmers and ranchers – and more risky,” he continued. “Project 2025 would cut safety nets for our Ag producers when they have a bad season…Hanging small farmers out to dry does nothing to lower grocery prices for [Americans].”

    “…I will oppose every nominee that poses a genuine threat to Coloradans. That’s why I’m here on the floor and will vote “No” on Mr. Vought today.”

    “…It’s time to use every tool at our disposal to disrupt what Mr. Vought and his Project [2025] are trying to do.”

    The OMB oversees the performance of federal agencies and administers the federal budget. Vought previously served as acting OMB director during President Donald Trump’s first term and was a primary architect of Project 2025, which details MAGA Republicans’ far-right agenda to dismantle the federal government under a Trump administration.

    Last week, in response to an executive order from President Trump, the OMB ordered a freeze on all federal grants and loans. The pause threatened hundreds of millions of dollars in federal funding, which would have impacted thousands of organizations in Colorado and hurt millions of Americans. 

    On Monday, a federal court issued a restraining order against the Trump administration, extending a temporary pause on the President’s plan.

    More information about how a freeze would impact Coloradans is available HERE.

    Yesterday, Hickenlooper posted a video to social media where he commits to use every tool at his disposal, including opposing any nominees who will harm Colorado, to disrupt the administration’s illegal actions. This morning, Hickenlooper joined Democrats in holding the Senate floor overnight to oppose Trump’s nominee.

    To download a full video of Hickenlooper’s remarks, click HERE. A full transcript of his remarks is available below:

    “Mr. President,

    “I take to the floor today to urge my colleagues to vote “No” on President Trump’s nominee to the Office of Budget and Management, Russell Vought.

    “Some remember Mr. Vought from when he served as the head of the same agency during President Trump’s first term. He is one of the very few “repeat” appointments – clearly a reflection of his loyalty.

    “You may also know him for his leadership – his authoring – of Project 2025, that far-right agenda that the President – during the campaign – swore up and down he had no idea about. 

    “And I believe that, although I think he understood many discussions, perhaps outlined the framework.  

    “Project 2025 would gut our longstanding and globally admired framework of checks and balances. It would gut them.  It would ensure civil servants would be hired and fired on the basis of political loyalty – something that this country has struggled for many decades to get rid of.

    “It would truly weaponize our system of justice. Again something that almost everyone works towards keeping nonpartisan.

    “It lays out in detail a plan to dramatically change our American system of government – perhaps for a very long time.

    “It’s really not a question of “if” anymore. The plan and the people putting it in place are disregarding laws and norms dating back to the Constitution. They are throwing everything at the wall to see what sticks.

    “This means firing or pushing out vast swaths of the federal workforce of civil servants. These are career civil servants, many of whom have devoted their lives to keeping our government running – from processing social security checks, and keeping our weather systems afloat, or helping to stop waste, fraud and abuse.

    “Some would say our federal workers don’t do anything. But they are honest, hard-working Americans.

    “Project 2025 is just getting started. If confirmed, Mr.Vought and Project 2025 could have devastating consequences for Colorado.

    “Deep in Project 2025 are plans to heavily restrict access to contraceptives and abortion medication, denying women and families the freedom to make their own reproductive decisions. 

    “Plans to make health care more expensive by repealing policies that empower Medicare to negotiate prescription drug prices and drive down the cost of health care for seniors.

    “Plans to make Colorado less resilient to these increasingly frequent disasters caused by extreme weather.

    “And they’re already reinstating cruel immigration policies, and threatening to come after the LGBTQ+ community.

    “At a time when grocery prices are rising on everything from eggs to meat, Project 2025 is going to make life harder for Colorado farmers and ranchers – and more risky. 

    “Project 2025 would cut safety nets for our Ag producers when they have a bad season. It includes plans to gut essential crop insurance. Project 2025 even wants government to get involved in the specific techniques our ranchers use to farm.

    “Now, our Colorado farmers know their land better than anyone else. Hanging small farmers out to dry does nothing to lower grocery prices for America. 

    “We’ve been hearing in our offices from producers across the state who are very concerned about what this Project 2025 means to them. We have over 38,000 farm operations in Colorado. Some harvest wheat, some raise meat or poultry, some specialize in dairy. All of them help support our rural communities and play an essential role in feeding families really all across the country.

    “We don’t have to speculate about what Mr.Vought would do to the Office of Management and Budget – he’s really laid it all out in Project 2025. He wrote Project 2025 to a large extent himself.

    “One of his finest contributions: a section championing the Executive Branch’s ability to overreach and “impound funds.”

    “Let’s not mince words: This is, by all historic measures, blatantly unconstitutional.

    “Congress alone has the authority to decide how the government spends its money.

    “This isn’t an opinion. It says explicitly in Article I, Section 9, Clause 7: “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law.”

    “Made by law, designated by Congress.

    “And again in Article I, Section 8, Clause 1: “Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States.”

    “We got a taste of how Mr. Vought would attempt to execute something like this last week.

    “In a truly chaotic late-night, two-page memo, the Trump administration halted all federal grants and loans. We’re talking about hundreds of millions of dollars in federal spending for a staggering number of programs. Programs that provide Americans health care, food, nutrition, housing, child care, so much else.

    “The memo stemmed from an executive order calling on federal agencies to review and eliminate spending on “woke” ideologies or “The [Green New] Deal” – both things that aren’t clearly defined and don’t in any specific way exist. 

    “In this rush to create chaos and jumbled policy, the implementors didn’t bother to specify which programs would continue and which programs would end. 

    “Our office and staff were immediately flooded with calls. Hundreds and then thousands of calls. We heard from folks in every corner of Colorado – big cities, small towns – asking ‘what does this mean’ for them and their families. There was real fear, real worry, and for good reason.

    “The Trump administration tried to walk back the original memo to clarify that the freeze wouldn’t affect individual payments, like Social Security or food stamp benefits.

    “But that didn’t clear up too much. And it certainly didn’t help that the White House Press Secretary couldn’t answer specific questions like pertaining to specific government programs like Medicaid, whether they were going to be affected. Frustrating as it is – and I get how frustrating it is – there are reasons why government moves slowly. 

    “All of this, if implemented as requested, would’ve had a devastating impact on Colorado. A devastating impact.

    “Federal programs and funds make up roughly 25 percent of our state’s effort to build transportation and infrastructure, provide needed services for the most needy in our state. 

    “Head Start, a truly vital service for over 9,000 low-income kids in Colorado, would be forced to shutter its operations that provide for these low-income kids of all communities with the early childhood education, health, and nutrition that they need. Even as we speak, there are reports that Head Start providers around the nation are not able to access funds.

    “If implemented it would cut off 83,000+ low-income Colorado families from the Low Income Home Energy Assistance Program (LIHEAP), which helps heat their homes in the cold winter. These are folks that in many cases are unable to pay their heating bills or wouldn’t be able to heat their homes without this assistance.

    “Our public safety and law enforcement would be weakened. The pause would strip funding that helps our local agencies prevent terrorism, helps them crack down on drug trafficking, and prevent crimes and provide services for those who have been victimized by crime.

    “Colorado has one of the largest veteran populations in the country, something we’re very proud of. But this funding [pause] would cut resources for those vets. It would cut resources for community-based suicide prevention efforts, organizations that provide care for veterans experiencing homelessness, and services for veterans living with disabilities – many of them taken in the defense of our nation. Hard to be cruel to those who have given their country so much.

    “Before entering public service, I was in the restaurant business. At our brewpub in downtown Denver, we’d cook, pack, and donate meals every year to Meals on Wheels to feed seniors throughout the Metro Denver area. I’ve seen firsthand the difference this makes, the relief it provides to seniors who need it. Many of them don’t leave the house, and are so grateful to have someone come and they can talk to as they get their meal. 

    “But the federal funding freeze left Meals on Wheels in Colorado, but all across the country, unsure of how and whether they’ll be able to continue serving meals. Over 25,000 Coloradan seniors everyday rely on Meals on Wheels to access food. Why would we leave our seniors hungry and unsure of where their next hot lunch is going to come?

    “Our office also heard directly from a Colorado rural health organization about how this federal funding freeze would have life-or-death effects on Coloradans in 47 rural counties. 

    “When we’re in towns like Cortez or Hugo or Julesburg, we hear all the time about how our rural hospitals, clinics, and community health centers are already strained by workforce shortages, by rising costs. 

    “These medical providers are on the frontlines of dealing with our nation’s mental health and opioid crisis. And we’re cutting their ability to provide these services.

    “These folks in rural Colorado, and in suburbs around every city in Colorado, are watching their friends, family, and neighbors struggle with mental health issues that rose up after the pandemic.  

    “This funding freeze wouldn’t just strip funding from these programs. It would force our critical rural hospitals to lay off staff or turn away patients at a time when they need it the most.

    “We should be fighting to increase access to quality, affordable health care no matter where people live – not take it away.

    “The federal funding freeze has already been blocked by the courts several times because it is blatantly illegal. It makes no sense.

    “But make no mistake, Mr. Vought and the Trump administration will keep poking and prodding our courts and our Constitution until they get their way.  

    “All of these actions serve a sinister purpose: to completely transform our government into one that gives enormous, enormous tax cuts, largely directed at those who don’t need them – and in many cases in Colorado don’t want them – and puts working-class Americans out to pasture.

    “The federal funding freeze is just one of many chaotic actions that Mr.Vought and the administration are pushing. We see Project 2025 come into clarity in this administration’s illegal attempts to dismantle agencies without congressional approval, or their attempts to access Americans’ sensitive data.

    “Look, I’m all for cutting government waste. If you want to seriously look at how we spend money and where we can cut actual fraud, waste, and abuse – I’m game. A more efficient government will help us all, but that’s not what’s happening. 

    “I’ve worked as hard as I could to find ways to work across the aisle, and that’s not going to change. When I was Mayor of Denver, when I was Governor of Colorado, we balanced the budget every year and we worked hard to try and streamline government processes. Just like every mayor and every governor in this country.

    “You can’t just shove working families under the bus or violate the law to do it.

    “We’ll fight these attempts in the courts, on the floor of the Senate – like now – and everywhere else we can to defend Colorado and the Constitution.

    “It’s time to use every tool at our disposal to disrupt what Mr. Vought and his Project [2025] are trying to do. We’ve supported these lawsuits, opposed executive actions, and voted against nominees. 

    “But if we need to hold the Senate floor like we’re doing now, vote all night, disrupt business as usual, we’ll do that too.

    “I will oppose every nominee that poses a genuine threat to Coloradans. That’s why I’m here on the floor and will vote “No” on Mr. Vought today.

    “Coloradans sent us to Washington to solve problems, not to create more. Project 2025, it’s a brutal plan to wreak havoc on our nation, and really change the way our government operates, the way our democracy functions. 

    “I hope people all over the state emulate that old movie “Network”, that they can shout out on every corner, “I’m mad as hell, and I’m not going to stand for it!”

    “Let’s hope they get so loud that they can’t be drowned out.

    “Mr. President, I yield back the floor.”

    MIL OSI USA News

  • MIL-OSI United Nations: ‘She had a syringe, razor blade, and bandages’: Surviving genital mutilation

    Source: United Nations 4

    Zeinaba Mahr Aouad, a 24-year-old woman from Djibouti, remembers the day when, as a ten-year-old, an unexpected visitor came to her house: “She had a syringe, a razor blade and bandages.”

    The woman was there to carry out a brutal, unnecessary and – since 1995 in the Horn of Africa country – illegal operation known as female genital mutilation, which involves sewing up a girl’s vagina and cutting out her clitoris.

    Even as Zeinaba’s traumatic experience has clouded her memories of that day, she still remembers the sensation of intense pain once the effects of the anaesthetic had worn off.

    Difficult to walk

    “I had trouble walking and when I urinated, it burned,” she said.

    Her mother told her it was nothing to worry about and spoke of the degrading procedure in terms of the importance of tradition.

    Like many victims of FGM, Zeinaba came from a vulnerable and poor background, living in a single room with her mother and two sisters in a rundown neighbourhood of Djibouti City.

    “There was just a TV, suitcases where we stored our clothes and mattresses on which we slept,” she remembered.

    Her mother sold flatbread to passersby, while Zeinaba played with a skipping rope with friends. “We also just played in the dirt.”

    230 million mutilations

    © Neuvième-UNFPA Djibouti

    Zeinaba Mahr Aouad, 24, a resident of Djibouti, survied female genital mutilation when she was 10. Now a volunteer for the “Elle & Elles” network, with the support of UNFPA, she canvasses her neighborhood and others to convince residents to end the practice.

    Some 230 million women and girls worldwide have undergone mutilations according to data released by the UN’s sexual and reproductive health agency, UNFPA, and it is on the increase as ever younger children, sometimes below five years old, go under the knife.

    “A baby doesn’t talk,” explained Dr. Wisal Ahmed, an FGM specialist at UNFPA.

    It’s often thought of as a one-time procedure, but in reality, it involves a lifetime of painful procedures that continue into adulthood.

    “The woman is cut again to have sex, then sewn back together, then reopened for childbirth and closed again to narrow the orifice once more,” said Dr. Ahmed.

    Tackling harmful traditions

    UNFPA and its international partners have worked to put a definitive end to FGM and although these efforts have contributed to a steady decline in the rates at which the procedure is performed over the past 30 years, the global increase in population means the number of women affected is actually growing.

    UNFPA continues to work with communities that still engage in the practice about the short and long-term effects.

    The agency’s work has been supported across the world over a number of years by the US Government, which has recognized FGM as a human rights violation. 

    It is not a problem which affects just developing countries. According to US State Department figures, in the US itself, approximately 513,000 women and girls have undergone or are at risk of FGM.

    Support from men

    In Djibouti, in 2023, the US provided around $44 million in foreign assistance.

    UNFPA confirmed that FGM programmes supported by the United States have not yet been impacted by the current stop work orders, adding that “US support to UNFPA over the last four years resulted in an estimated 80,000 girls avoiding female genital mutilation.”

    © UNFPA/ROAS/Aisha Zubair

    UNFPA supports awareness raising campaigns about FGM in Africa, including in Somalia (pictured).

    Local networks

    Zeinaba Mahr Aouad now works as a volunteer for a local network launched by UNFPA in 2021, which numbers over 60 women and provides support to local women’s health and rights activists.

    She also visits underprivileged areas of Djibouti to raise awareness among young people and future parents, both women and men, of the harmful effects of FGM.

    “Because it’s not just the woman who participates in these practices: without the agreement of the man by her side, it couldn’t be done”, she said.

    MIL OSI United Nations News

  • MIL-OSI: Lantronix Reports Results for Second Quarter of Fiscal 2025

    Source: GlobeNewswire (MIL-OSI)

    • Second Quarter Net Revenue of $31.2 Million
    • Second Quarter GAAP EPS of ($0.06)
    • Second Quarter Non-GAAP EPS of $0.04

    IRVINE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for the Internet of Things (IoT) solutions enabling Artificial Intelligence (AI) Edge Intelligence, today reported results for its second quarter of fiscal 2025.

    Net revenue totaled $31.2 million, near the midpoint of the guidance range provided for the quarter.

    GAAP EPS of ($0.06), compared to ($0.07) in the prior year and $(0.07) in the prior quarter.

    Non-GAAP EPS of $0.04, compared to $0.08 in the prior year and $0.06 in the prior quarter.

    “Lantronix has the key assets in Compute and Connect to drive Edge Intelligence, and the company remains focused on three key vertical markets: Enterprise; Smart Cities including critical infrastructure; and Transportation,” said Lantronix President and CEO Saleel Awsare. “We are actively advancing Edge AI solutions, integrating the recently acquired IoT assets from Netcomm, and positioning Lantronix for exciting future growth.”

    Business Outlook

    For the third fiscal quarter of 2025, the company expects revenue in a range of $27.0 million to $31.0 million and non-GAAP EPS of $0.01 to $0.05 per share.

    Conference Call and Webcast

    Management will host an investor conference call and audio webcast on Thursday, Feb. 6, 2025, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its results for the second quarter of fiscal 2025 that ended Dec. 31, 2024. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate that they are participating in the Lantronix Q2 FY 2025 call. The webcast will be available simultaneously via the investor relations section of the company’s website.

    Investors can access a replay of the conference call starting at approximately 7:00 p.m. Pacific Time on Feb. 6, 2025, at the Lantronix website. A telephonic replay will also be available through Feb. 13, 2025, by dialing 1-877-344-7529 (US) or 1-412-317-0088 (international) or Canada toll-free at 1-855-669-9658 and entering passcode 3433776.

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    Discussion of Non-GAAP Financial Measures

    Lantronix believes that the presentation of non-GAAP financial information, when presented in conjunction with the corresponding GAAP measures, provides important supplemental information to management and investors regarding financial and business trends relating to the company’s financial condition and results of operations. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends to gain an understanding of our comparative operating performance. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations of the non-GAAP financial measures to the financial measures calculated in accordance with GAAP should be carefully evaluated. The non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The company has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

    Non-GAAP net income consists of net loss excluding (i) share-based compensation and the employer portion of withholding taxes on stock grants, (ii) depreciation and amortization, (iii) interest income (expense), (iv) other income (expense), (v) income tax provision (benefit), (vi) restructuring, severance and related charges, (vii) acquisition related costs, (viii) impairment of long-lived assets, (ix) amortization of purchased intangibles, (x) amortization of manufacturing profit in acquired inventory, (xi) fair value remeasurement of earnout consideration, and (xii) loss on extinguishment of debt.

    Non-GAAP EPS is calculated by dividing non-GAAP net loss by non-GAAP weighted-average shares outstanding (diluted). For purposes of calculating non-GAAP EPS, the calculation of GAAP weighted-average shares outstanding (diluted) is adjusted to exclude share-based compensation, which for GAAP purposes is treated as proceeds assumed to be used to repurchase shares under the GAAP treasury stock method.

    Guidance on earnings per share growth is provided only on a non-GAAP basis due to the inherent difficulty of forecasting the timing or amount of certain items that have been excluded from the forward-looking non-GAAP measures, and a reconciliation to the comparable GAAP guidance has not been provided because certain factors that are materially significant to Lantronix’s ability to estimate the excluded items are not accessible or estimable on a forward-looking basis without unreasonable effort.

    Forward-Looking Statements

    This news release contains forward-looking statements, including statements concerning our revenue and earnings expectations for the third fiscal quarter of 2025, the market opportunities offered by the current shift towards edge computing and our positioning to capitalize on this trend, and our expectations regarding the benefits of our acquisition of Netcomm Wireless Pty Ltd. and our cost reduction initiatives. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. We have based our forward-looking statements on our current expectations and projections about trends affecting our business and industry and other future events. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Forward-looking statements are subject to substantial risks and uncertainties that could cause our results or experiences, or future business, financial condition, results of operations or performance, to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. Other factors which could have a material adverse effect on our operations and future prospects or which could cause actual results to differ materially from our expectations include, but are not limited to: the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to a pandemic or similar outbreak, wars and recent conflicts in Europe, Asia and the Middle East, hostilities in the Red Sea, or other causes; our ability to successfully convert our backlog and current demand;  the impact of a pandemic or similar outbreak on our business, employees, customers, supply and distribution chains and the global economy; our ability to successfully implement our acquisition strategy or integrate acquired companies; uncertainty as to the future profitability of acquired businesses, and delays in the realization of, or the failure to realize, any accretion from acquisition transactions; acquiring, managing and integrating new operations, businesses or assets, and the associated diversion of management attention or other related costs or difficulties; our ability to continue to generate revenue from products sold into mature markets; our ability to develop, market, and sell new products; our ability to succeed with our new software offerings; our use of AI may result in reputational, competitive or financial harm and liability; fluctuations in our revenue due to the project-based timing of orders from certain customers; unpredictable timing of our revenues due to the lengthy sales cycle for our products and services and potential delays in customer completion of projects; our ability to accurately forecast future demand for our products; delays in qualifying revisions of existing products; constraints or delays in the supply of, or quality control issues with, certain materials or components; difficulties associated with the delivery, quality or cost of our products from our contract manufacturers or suppliers; risks related to the outsourcing of manufacturing and international operations; difficulties associated with our distributors or resellers; intense competition in our industry and resultant downward price pressure; rises in inventory levels and inventory obsolescence; undetected software or hardware errors or defects in our products; cybersecurity risks; our ability to obtain appropriate industry certifications or approvals from governmental regulatory bodies; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to protect patents and other proprietary rights and avoid infringement of others’ proprietary technology rights; issues relating to the stability of our financial and banking institutions and relationships; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; the impact of rising interest rates; our ability to attract and retain qualified management; and any additional factors included in our Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report; in our Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2024, to be filed with the SEC on Feb. 7, 2025, including in the section entitled “Risk Factors” in Item 1A of Part II of such report; and in our other public filings with the SEC. In addition, actual results may differ as a result of additional risks and uncertainties of which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

    © 2025 Lantronix Inc. All rights reserved. Lantronix is a registered trademark.

    Lantronix Investor Relations Contact:
    investors@lantronix.com

    LANTRONIX, INC.
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
     (In thousands)
           
      December 31,
      June 30,
        2024       2024  
    Assets      
    Current assets:      
    Cash and cash equivalents $ 19,210     $ 26,237  
    Accounts receivable, net   30,472       31,279  
    Inventories, net   29,070       27,698  
    Contract manufacturers’ receivables   3,473       1,401  
    Prepaid expenses and other current assets   3,329       2,335  
    Total current assets   85,554       88,950  
    Property and equipment, net   3,155       4,016  
    Goodwill   30,491       27,824  
    Intangible assets, net   4,910       5,251  
    Lease right-of-use assets   9,430       9,567  
    Other assets   683       600  
    Total assets $ 134,223     $ 136,208  
           
    Liabilities and stockholders’ equity      
    Current liabilities:      
    Accounts payable $ 15,975     $ 10,347  
    Accrued payroll and related expenses   2,968       5,836  
    Current portion of long-term debt, net   3,056       3,002  
    Other current liabilities   11,436       10,971  
    Total current liabilities   33,435       30,156  
    Long-term debt, net   11,630       13,219  
    Other non-current liabilities   11,245       11,478  
    Total liabilities   56,310       54,853  
           
    Commitments and contingencies      
           
    Stockholders’ equity:      
    Common stock   4       4  
    Additional paid-in capital   305,433       304,001  
    Accumulated deficit   (227,895 )     (223,021 )
    Accumulated other comprehensive income   371       371  
    Total stockholders’ equity   77,913       81,355  
    Total liabilities and stockholders’ equity $ 134,223     $ 136,208  
           
    LANTRONIX, INC.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (In thousands, except per share data)
                       
                       
      Three Months Ended   Six Months Ended
      December 31,   September 30,   December 31,   December 31,
        2024       2024       2023       2024       2023  
    Net revenue $ 31,161     $ 34,423     $ 37,038     $ 65,584     $ 70,069  
    Cost of revenue   17,877       19,948       22,007       37,825       40,941  
    Gross profit   13,284       14,475       15,031       27,759       29,128  
    Operating expenses:                  
    Selling, general and administrative   8,811       9,467       10,224       18,278       19,394  
    Research and development   4,984       4,956       4,725       9,940       9,831  
    Restructuring, severance and related charges   193       900       530       1,093       550  
    Acquisition-related costs   208       29             237        
    Fair value remeasurement of earnout consideration                           (9 )
    Amortization of intangible assets   1,248       1,251       1,310       2,499       2,694  
    Total operating expenses   15,444       16,603       16,789       32,047       32,460  
    Loss from operations   (2,160 )     (2,128 )     (1,758 )     (4,288 )     (3,332 )
    Interest expense, net   (126 )     (119 )     (232 )     (245 )     (570 )
    Other income (loss), net   8       (37 )     (23 )     (29 )     (4 )
    Loss before income taxes   (2,278 )     (2,284 )     (2,013 )     (4,562 )     (3,906 )
    Provision for income taxes   94       218       580       312       573  
    Net loss $ (2,372 )   $ (2,502 )   $ (2,593 )   $ (4,874 )   $ (4,479 )
    Net loss per share – basic and diluted $ (0.06 )   $ (0.07 )   $ (0.07 )   $ (0.13 )   $ (0.12 )
    Weighted-average common shares – basic and diluted   38,631       38,024       37,354       38,330       37,170  
                       
    LANTRONIX, INC.
    UNAUDITED RECONCILIATION OF NON-GAAP ADJUSTMENTS
    (In thousands, except per share data)
                       
      Three Months Ended   Six Months Ended
      December 31,   September 30,   December 31,   December 31,
        2024       2024       2023       2024       2023  
                       
    GAAP net loss $ (2,372 )   $ (2,502 )   $ (2,593 )   $ (4,874 )   $ (4,479 )
    Non-GAAP adjustments:                  
    Cost of revenue:                  
    Share-based compensation   48       64       64       112       105  
    Employer portion of withholding taxes on stock grants   2       5       1       7       5  
    Amortization of manufacturing profit in acquired inventory               189             506  
    Depreciation and amortization   114       123       109       237       195  
    Total adjustments to cost of revenue   164       192       363       356       811  
    Selling, general and administrative:                  
    Share-based compensation   1,044       1,126       1,628       2,170       2,901  
    Employer portion of withholding taxes on stock grants   20       78       10       98       47  
    Depreciation and amortization   348       351       338       699       672  
    Total adjustments to selling, general and administrative   1,412       1,555       1,976       2,967       3,620  
    Research and development:                  
    Share-based compensation   421       410       484       831       912  
    Employer portion of withholding taxes on stock grants   2       19       5       21       18  
    Depreciation and amortization   111       69       52       180       160  
    Total adjustments to research and development   534       498       541       1,032       1,090  
    Restructuring, severance and related charges   193       900       530       1,093       550  
    Acquisition related costs   208       29             237        
    Fair value remeasurement of earnout consideration                           (9 )
    Amortization of purchased intangible assets   1,248       1,251       1,310       2,499       2,694  
    Litigation settlement cost   158       40             198        
    Total non-GAAP adjustments to operating expenses   3,753       4,273       4,357       8,026       7,945  
    Interest expense, net   126       119       232       245       570  
    Other (income) expense, net   (8 )     37       23       29       4  
    Provision for income taxes   94       218       580       312       573  
    Total non-GAAP adjustments   4,129       4,839       5,555       8,968       9,903  
    Non-GAAP net income $ 1,757     $ 2,337     $ 2,962     $ 4,094     $ 5,424  
                       
                       
    Non-GAAP net income per share – diluted $ 0.04     $ 0.06     $ 0.08     $ 0.10     $ 0.14  
                       
    Denominator for GAAP net income (loss) per share – diluted   38,631       38,024       37,354       38,330       37,170  
    Non-GAAP adjustment   953       1,257       1,228       901       938  
    Denominator for non-GAAP net income per share – diluted   39,584       39,281       38,582       39,231       38,108  
                       
    GAAP cost of revenue $ 17,877     $ 19,948     $ 22,007     $ 37,825     $ 40,941  
    Non-GAAP adjustments to cost of revenue   (164 )     (192 )     (363 )     (356 )     (811 )
    Non-GAAP cost of revenue   17,713       19,756       21,644       37,469       40,130  
    Non-GAAP gross profit $ 13,448     $ 14,667     $ 15,394     $ 28,115     $ 29,939  
    Non-GAAP gross margin   43.2 %     42.6 %     41.6 %     42.9 %     42.7 %
                       
    LANTRONIX, INC.
    UNAUDITED NET REVENUES BY PRODUCT LINE AND REGION
    (In thousands)
                       
      Three Months Ended   Six Months Ended
      December 31, 2024   September 30, 2024   December 31, 2023   December 31, 2024   December 31, 2023
    Embedded IoT Solutions $ 10,784     $ 13,387     $ 11,764     $ 24,171     $ 23,137  
    IoT System Solutions   18,592       18,759       23,022       37,351       42,058  
    Software & Services   1,785       2,277       2,252       4,062       4,874  
      $ 31,161     $ 34,423     $ 37,038     $ 65,584     $ 70,069  
                       
                       
      Three Months Ended   Six Months Ended
      December 31, 2024   September 30, 2024   December 31, 2023   December 31, 2024   December 31, 2023
    Americas $ 16,386     $ 17,420     $ 20,601     $ 33,806     $ 43,534  
    EMEA   9,036       10,484       12,886       19,520       19,477  
    Asia Pacific Japan   5,739       6,519       3,551       12,258       7,058  
      $ 31,161     $ 34,423     $ 37,038     $ 65,584     $ 70,069  
                       

    The MIL Network

  • MIL-OSI: Global-e to Announce Financial Results for the Fourth Quarter and Year End 2024 on February 19, 2025

    Source: GlobeNewswire (MIL-OSI)

    PETAH-TIKVA, Israel, Feb. 06, 2025 (GLOBE NEWSWIRE) — Global-e (Nasdaq: GLBE), the platform powering global direct-to-consumer e-commerce, today announced it will report financial results for the fourth quarter and full year ended December 31, 2024, before market open on Wednesday, February 19, 2025.

    Global-e management will host a conference call to review its financial results and outlook.

    Date: Wednesday, February 19, 2025
    Time: 8:00 AM ET
    United States/Canada Toll Free: +1-800-717-1738
    International Toll: +1-646-307-1865
       

    Please join the call 5-10 minutes prior to the scheduled start time, to avoid a delay in connecting. A live webcast will be available in the Investor Relations section of Global-e’s website at https://investors.global-e.com/news-events/events-presentations

    A replay of the webcast will be available in the Investor Relations section of Global-e’s website at https://investors.global-e.com/news-events/events-presentations approximately two hours after the conclusion of the call and remain available for approximately 30 calendar days.

    About Global-e Online Ltd.

    Global-e (Nasdaq: GLBE) is the world’s leading platform enabling and accelerating global, Direct-To-Consumer e-commerce. The chosen partner of over 1,000 brands and retailers across the United States, EMEA and APAC, Global-e makes selling internationally as simple as selling domestically. The company enables merchants to increase the conversion of international traffic into sales by offering online shoppers in over 200 destinations worldwide a seamless, localized shopping experience. Global-e’s end-to-end e-commerce solutions combine best-in-class localization capabilities, big-data best-practice business intelligence models, streamlined international logistics and vast global e-commerce experience, enabling international shoppers to buy seamlessly online and retailers to sell to, and from, anywhere in the world. For more information, please visit: www.global-e.com.

    Investor Contact:
    Erica Mannion or Mike Funari
    Sapphire Investor Relations, LLC
    IR@global-e.com
    +1 617-542-6180

    Press Contact:
    Sarah Schloss
    Headline Media
    sarah.schloss@headline.media
    +1 914-506-5104

    The MIL Network

  • MIL-OSI: ACM Research to Release Fourth Quarter and Fiscal Year 2024 Financial Results on February 26, 2025

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR) announced today that it will release its financial results for the fourth quarter and fiscal year 2024 before the U.S. market open on Wednesday, February 26, 2025. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (9:00 p.m. China Time) to discuss the results.

    What: ACM Fourth Quarter and Fiscal Year (ended December 31, 2024) Earnings Call
    When: 8:00 a.m. U.S. Eastern Time on Wednesday, February 26, 2025
    Webcast: ir.acmr.com/news-events
       

    To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive email instructions to access the conference call, including dial-in information and a PIN number allowing access to the conference call. This pre-registration process is designed by the operator to reduce delays due to operator congestion when accessing the live call.

    Online Registration: https://register.vevent.com/register/BI70ae79d80e0348a880269ad7a9dec2f9

    Participants who have not pre-registered may join the webcast by accessing the link at ir.acmr.com/news-events.

    A live and archived webcast of the conference call will be available on the Investors section of ACM’s website at www.acmr.com.

    About ACM Research, Inc.

    ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.

    © ACM Research, Inc. The ACM Research logo is a trademark of ACM Research, Inc. For convenience, this trademark appears in this press release without a ™ symbol, but that practice does not mean that ACM will not assert, to the fullest extent under applicable law, its rights to such trademark.

    For investor and media inquiries, please contact:

    In the United States: The Blueshirt Group
    Steven C. Pelayo, CFA
    +1 (360) 808-5154
    steven@blueshirtgroup.co
       
    In China: The Blueshirt Group Asia
    Gary Dvorchak, CFA
    +86 (138) 1079-1480
    gary@blueshirtgroup.co

    The MIL Network

  • MIL-OSI USA: VIDEO: On Senate Floor, Rosen Opposes Confirmation of Project 2025 Co-Author Russell Vought as Director of the Office of Management and Budget

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)

    Senator Rosen: “Nevadans are hurting, and they are looking to Congress for help. If Vought is given the power to shape our federal budget, we risk seeing critical programs slashed, leaving our seniors, working people, families facing higher costs, fewer services, and with less financial security.”

    Watch Senator Rosen’s Full Remarks HERE.
    WASHINGTON, DC – Today, U.S. Senator Jacky Rosen (D-NV) took the Senate floor to oppose the confirmation of one of the key authors of Project 2025, Russell Vought, to lead the Office of Management and Budget. In her speech, Senator Rosen highlighted Mr. Vought’s extreme far-right views and plans that would harm hard-working families, including putting programs like Medicare and Social Security on the chopping block, and giving tax breaks to billionaires and big corporations on the backs of seniors and working families.
    Below are excerpts of Senator Rosen’s floor remarks:
    Mr. President,
    Nevadans sent me to the Senate to stand up and fight for hardworking families throughout our state.
    And that’s exactly why I’m here today – to sound the alarm about Russell Vought’s nomination to lead the Trump Administration’s Office of Management and Budget. They oversee virtually every agency and the entire federal budget.
    Mr. Vought would be a disaster if he’s put in this role again. 
    Russell Vought vote is an extremist who will betray working families, betray your family – and there’s simply no other way to put it.
    After all, he was the main architect behind [the] Project 2025 agenda.
    You might have heard of it, but for those who don’t know, Project 2025 is Russell Vought’s far-right playbook for seizing full control of the federal government. I’m going to repeat that: this is he wrote the playbook to seize full control over the federal government. Our government. Your government.
    It’s filled with extreme ideas that would hurt families like yours. Ideas like putting essential government programs like Medicare, Medicaid, Social Security on the chopping block. And it’s going to give handouts to billionaires and big corporations on the backs of America’s middle class. On your backs.
    Seeing how much power this Administration has already given to unelected, unelected billionaire CEOs, it’s not hard to imagine what’s coming next.
    […]
    I urge my colleagues who are considering a vote for this nomination to think about what working people in this country are going through at this moment.
    I urge my colleagues to think about the Moms and the Dads who come home from a hard day at work. They have dinner with their family, they put their kids to bed, and then, instead of relaxing in front of the TV, they sit at the kitchen table, and they worry. And they’re worried sick about how they’re going to pay the bills, how they’re going to keep a roof over their head, how they’re going to keep putting food on the table.
    They’re going back and forth, trying to figure out what essentials they can live without just to make ends meet.
    At the same time, the billionaires that Russell Vought is looking out for, well, they don’t understand the struggle, I can bet you that. I’m going to say here: let’s ask those billionaires last time they went grocery shopping and worried about the price of eggs or milk. I bet they don’t have an answer for that. That’s who Mr. Vought fights for. And these struggles that real families are going through, they’re tough choices that far, far too many working families face every single day.
    And these are the people who will be hurt most by Russell Vought’s extreme, extreme agenda.
    And we know that, right now, these same families are feeling the squeeze of rising costs – it’s everywhere, the grocery store to the gas pump. 
    And with the added price spikes from President Trump’s reckless tariff threats, it’s going to get even harder to afford food, pay off an energy bill, or make rent – let alone, let alone buy a home.
    And so, it’s no wonder people are so frustrated with the way things are –  it shouldn’t have to be this way.
    We should be looking for opportunities to help make their lives better – to make things a little easier.
    At a time when Americans are already paying an arm and a leg for essentials – when they desperately need the support of critical government programs that make such a meaningful difference, why on earth would we confirm someone who will just make their lives harder? Why on earth would we do this?
    So, make no mistake: if Russell Vought is allowed to head up the OMB, he, Vought will work to make sure the ultra-wealthy get more, while struggling families get even less than they have now. This is who Russel Vought is, and this is what he’ll do – what he’ll do to you.
    Mr. President, Nevadans are hurting, and they are looking to Congress for help. 
    If Vought is given the power to shape our federal budget, we risk seeing critical programs slashed, leaving our seniors, working people, families facing higher costs, fewer services, and with less financial security. 
    And this isn’t just an ideological difference; it’s a real threat to millions of people’s well-being. To the very core of what’s most important to them: their families.
    And the stakes couldn’t be higher. And so, I urge my colleagues in the Senate to reject this reckless nomination for the sake of all of our families.

    MIL OSI USA News

  • MIL-OSI: NMI Holdings, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results; Announces Additional $250 Million Share Repurchase Authorization

    Source: GlobeNewswire (MIL-OSI)

    EMERYVILLE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) — NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $86.2 million, or $1.07 per diluted share, for the fourth quarter ended December 31, 2024, which compares to $92.8 million, or $1.15 per diluted share, for the third quarter ended September 30, 2024 and $83.4 million, or $1.01 per diluted share, for the fourth quarter ended December 31, 2023. Adjusted net income for the quarter was $86.1 million, or $1.07 per diluted share, which compares to $92.8 million, or $1.15 per diluted share, for the third quarter ended September 30, 2024 and $83.4 million, or $1.01 per diluted share, for the fourth quarter ended December 31, 2023.

    Net income for the full year ended December 31, 2024 was $360.1 million, or $4.43 per diluted share, which compares to $322.1 million, or $3.84 per diluted share, for the year ended December 31, 2023. Adjusted net income for the year was $365.6 million, or $4.50 per diluted share, which compares to $322.1 million, or $3.84 per diluted share, for the year ended December 31, 2023. The non-GAAP financial measures adjusted net income and adjusted diluted earnings per share are presented in this release to enhance the comparability of financial results between periods. See “Use of Non-GAAP Financial Measures” and our reconciliation of such measures to their most comparable GAAP measures, below.

    The company also announced today that its Board of Directors has authorized an additional $250 million share repurchase plan effective through December 31, 2027.

    Adam Pollitzer, President and Chief Executive Officer of National MI, said, “The fourth quarter capped another year of standout success for National MI. In 2024, we delivered strong operating performance, generated significant NIW volume and consistent growth in our insured portfolio, and achieved record financial results and a 17.4% return on equity. We have a strong customer franchise, a talented team driving us forward every day, an exceptionally high-quality book covered by a comprehensive set of risk transfer solutions, and a robust balance sheet supported by the significant earnings power of our platform. Looking forward, we’re well-positioned to continue delivering differentiated growth, returns and value for our shareholders, and today’s incremental $250 million share repurchase authorization will provide investors with further ability to access value as we continue to perform, grow our earnings and compound book value.”

    Selected fourth quarter 2024 highlights include:

    • Primary insurance-in-force at quarter end was $210.2 billion, compared to $207.5 billion at the end of the third quarter and $197.0 billion at the end of the fourth quarter of 2023.
    • Net premiums earned were $143.5 million, compared to $143.3 million in the third quarter and $132.9 million in the fourth quarter of 2023.
    • Total revenue was $166.5 million, compared to $166.1 million in the third quarter and $151.4 million in the fourth quarter of 2023.
    • Insurance claims and claim expenses were $17.3 million, compared to $10.3 million in the third quarter and $8.2 million in the fourth quarter of 2023. Loss ratio was 12.0%, compared to 7.2% in the third quarter and 6.2% in the fourth quarter of 2023.
    • Underwriting and operating expenses were $31.1 million, compared to $29.2 million in the third quarter and $29.7 million in the fourth quarter of 2023. Expense ratio was 21.7%, compared to 20.3% in the third quarter and 22.4% in the fourth quarter of 2023.
    • Net income was $86.2 million, compared to $92.8 million in the third quarter and $83.4 million in the fourth quarter of 2023. Diluted EPS was $1.07, compared to $1.15 in the third quarter and $1.01 in the fourth quarter of 2023.
    • Shareholders’ equity was $2.2 billion at quarter end and book value per share was $28.21. Book value per share excluding the impact of net unrealized gains and losses in the investment portfolio was $29.80, up 4% compared to $28.71 in the third quarter and 17% compared to $25.54 in the fourth quarter of 2023.
    • Annualized return on equity for the quarter was 15.6%, compared to 17.5% in the third quarter and 18.0% in the fourth quarter of 2023.
    • At quarter-end, total PMIERs available assets were $3.1 billion and net risk-based required assets were $1.8 billion.
        Quarter
    Ended
    Quarter
    Ended
    Quarter
    Ended
    Change(1) Change(1)
        12/31/2024 9/30/2024 12/31/2023 Q/Q Y/Y
    INSURANCE METRICS ($billions)
    Primary Insurance-in-Force $ 210.2   $ 207.5   $ 197.0   1  % 7  %
    New Insurance Written – NIW   11.9     12.2     8.9   (2 )% 34  %
               
    FINANCIAL HIGHLIGHTS (Unaudited, $millions, except per share amounts)
    Net Premiums Earned $ 143.5   $ 143.3   $ 132.9   0  % 8  %
    Net Investment Income   22.7     22.5     18.2   1  % 25  %
    Insurance Claims and Claim Expenses   17.3     10.3     8.2   67  % 110  %
    Underwriting and Operating Expenses   31.1     29.2     29.7   7  % 5  %
    Net Income   86.2     92.8     83.4   (7 )% 3  %
    Diluted EPS $ 1.07   $ 1.15   $ 1.01   (7 )% 6  %
    Book Value per Share (excluding net unrealized gains and losses) (2) $ 29.80   $ 28.71   $ 25.54   4  % 17  %
    Loss Ratio   12.0  %   7.2  %   6.2  %    
    Expense Ratio   21.7  %   20.3  %   22.4  %    

    (1) Percentages may not be replicated based on the rounded figures presented in the table.
    (2) Book value per share (excluding net unrealized gains and losses) is defined as total shareholders’ equity, excluding the after-tax effects of unrealized gains and losses on our investment portfolio, divided by shares outstanding.

    Conference Call and Webcast Details

    The company will hold a conference call, which will be webcast live today, February 6, 2025, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company’s website, www.nationalmi.com, in the “Investor Relations” section. The conference call can also be accessed by dialing (844) 481-2708 in the U.S., or (412) 317-0664 internationally, by referencing NMI Holdings, Inc.

    About NMI Holdings, Inc.

    NMI Holdings, Inc. (NASDAQ: NMIH), is the parent company of National Mortgage Insurance Corporation (National MI), a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower’s default. To learn more, please visit www.nationalmi.com.

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements contained in this press release or any other written or oral statements made by or on behalf of the Company in connection therewith may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995 (the “PSLRA”). The PSLRA provides a “safe harbor” for any forward-looking statements. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements, including any statements about our expectations, outlook, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believe,” “can,” “could,” “may,” “predict,” “assume,” “potential,” “should,” “will,” “estimate,” “perceive,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “intend” and similar words or phrases. All forward-looking statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties that may turn out to be inaccurate and could cause actual results to differ materially from those expressed in them. Many risks and uncertainties are inherent in our industry and markets. Others are more specific to our business and operations. Important factors that could cause actual events or results to differ materially from those indicated in such statements include, but are not limited to: changes in general economic, market and political conditions and policies (including changes in interest rates and inflation) and investment results or other conditions that affect the U.S. housing market or the U.S. markets for home mortgages, mortgage insurance, reinsurance and credit risk transfer markets, including the risk related to geopolitical instability, inflation, an economic downturn (including any decline in home prices) or recession, and their impacts on our business, operations and personnel; changes in the charters, business practices, policies, pricing or priorities of Fannie Mae and Freddie Mac (collectively, the GSEs), which may include decisions that have the impact of decreasing or discontinuing the use of mortgage insurance as credit enhancement generally, or with first time homebuyers or on very high loan-to-value mortgages; or changes in the direction of housing policy objectives of the Federal Housing Finance Agency (“FHFA”), such as the FHFA’s priority to increase the accessibility to and affordability of homeownership for low-and-moderate income borrowers and underrepresented communities; our ability to remain an eligible mortgage insurer under the private mortgage insurer eligibility requirements (“PMIERs”) and other requirements imposed by the GSEs, which they may change at any time; retention of our existing certificates of authority in each state and the District of Columbia (“D.C.”) and our ability to remain a mortgage insurer in good standing in each state and D.C.; our future profitability, liquidity and capital resources; actions of existing competitors, including other private mortgage insurers and government mortgage insurers such as the Federal Housing Administration, the U.S. Department of Agriculture’s Rural Housing Service and the U.S. Department of Veterans Affairs, and potential market entry by new competitors or consolidation of existing competitors; adoption of new or changes to existing laws, rules and regulations that impact our business or financial condition directly or the mortgage insurance industry generally or their enforcement and implementation by regulators, including the implementation of the final rules defining and/or concerning “Qualified Mortgage” and “Qualified Residential Mortgage”; U.S. federal tax reform and other potential changes in tax law and their impact on us and our operations; legislative or regulatory changes to the GSEs’ role in the secondary mortgage market or other changes that could affect the residential mortgage industry generally or mortgage insurance industry in particular; potential legal and regulatory claims, investigations, actions, audits or inquiries that could result in adverse judgements, settlements, fines or other reliefs that could require significant expenditures or have other negative effects on our business; our ability to successfully execute and implement our capital plans, including our ability to access the equity, credit and reinsurance markets and to enter into, and receive approval of, reinsurance arrangements on terms and conditions that are acceptable to us, the GSEs and our regulators; lenders, the GSEs, or other market participants seeking alternatives to private mortgage insurance; our ability to implement our business strategy, including our ability to write mortgage insurance on high quality low down payment residential mortgage loans, implement successfully and on a timely basis, complex infrastructure, systems, procedures, and internal controls to support our business and regulatory and reporting requirements of the insurance industry; our ability to attract and retain a diverse customer base, including the largest mortgage originators; failure of risk management or pricing or investment strategies; decrease in the length of time our insurance policies are in force; emergence of unexpected claim and coverage issues, including claims exceeding our reserves or amounts we had expected to experience; potential adverse impacts arising from natural disasters including, with respect to affected areas, a decline in new business, adverse effects on home prices, and an increase in notices of default on insured mortgages; climate risk and efforts to manage or regulate climate risk by government agencies could affect our business and operations; potential adverse impacts arising from the occurrence of any man-made disasters or public health emergencies, including pandemics; the inability of our counter-parties, including third party reinsurers, to meet their obligations to us; failure to maintain, improve and continue to develop necessary information technology systems or the failure of technology providers to perform; effectiveness and security of our information technology systems and digital products and services, including the risks these systems, products or services may fail to operate as expected or planned, or expose us to cybersecurity or third-party risks (including the exposure of our confidential customer and other information); and ability to recruit, train and retain key personnel. These risks and uncertainties also include, but are not limited to, those set forth under the heading “Risk Factors” detailed in Item 1A of Part I of our Annual Report on Form 10-K for the year ended December 31, 2023, as subsequently updated through other reports we file with the SEC. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. We caution you not to place undue reliance on any forward-looking statement, which speaks only as of the date on which it is made, and we undertake no obligation to publicly update or revise any forward-looking statement to reflect new information, future events or circumstances that occur after the date on which the statement is made or to reflect the occurrence of unanticipated events except as required by law.

    Use of Non-GAAP Financial Measures

    We believe the use of the non-GAAP measures of adjusted income before tax, adjusted net income, adjusted diluted EPS, adjusted return-on-equity, adjusted expense ratio, adjusted combined ratio and book value per share (excluding net unrealized gains and losses) enhances the comparability of our fundamental financial performance between periods, and provides relevant information to investors. These non-GAAP financial measures align with the way the company’s business performance is evaluated by management. These measures are not prepared in accordance with GAAP and should not be viewed as alternatives to GAAP measures of performance. These measures have been presented to increase transparency and enhance the comparability of our fundamental operating trends across periods. Other companies may calculate these measures differently; their measures may not be comparable to those we calculate and present.

    Adjusted income before tax is defined as GAAP income before tax, excluding the pre-tax effects of net realized gains or losses from our investment portfolio, periodic costs incurred in connection with capital markets transactions, and other infrequent, unusual or non-operating items in the periods in which such items are incurred.

    Adjusted net income is defined as GAAP net income, excluding the after-tax effects of net realized gains or losses from our investment portfolio, periodic costs incurred in connection with capital markets transactions, and other infrequent, unusual or non-operating items in the periods in which such items are incurred. Adjustments to components of pre-tax income are tax effected using the applicable federal statutory tax rate for the respective periods.

    Adjusted diluted EPS is defined as adjusted net income divided by adjusted weighted average diluted shares outstanding. Adjusted weighted average diluted shares outstanding is defined as weighted average diluted shares outstanding, adjusted for changes in the dilutive effect of non-vested shares that would otherwise have occurred had GAAP net income been calculated in accordance with adjusted net income. There will be no adjustment to weighted average diluted shares outstanding in the periods that non-vested shares are anti-dilutive under GAAP.

    Adjusted return on equity is calculated by dividing adjusted net income on an annualized basis by the average shareholders’ equity for the period.

    Adjusted expense ratio is defined as GAAP underwriting and operating expenses, excluding the pre-tax effects of periodic costs incurred in connection with capital markets transactions, divided by net premiums earned.

    Adjusted combined ratio is defined as the total of GAAP underwriting and operating expenses, excluding the pre-tax effects of periodic costs incurred in connection with capital markets transactions and insurance claims and claims expenses, divided by net premiums earned.

    Book value per share (excluding net unrealized gains and losses) is defined as total shareholders’ equity, excluding the after-tax effects of unrealized gains and losses on investments, divided by shares outstanding.

    Although adjusted income before tax, adjusted net income, adjusted diluted EPS, adjusted return-on-equity, adjusted expense ratio, adjusted combined ratio and book value per share (excluding net unrealized gains and losses) exclude certain items that have occurred in the past and are expected to occur in the future, the excluded items: (1) are not viewed as part of the operating performance of our primary activities; or (2) are impacted by market, economic or regulatory factors and are not necessarily indicative of operating trends, or both. These adjustments, and the reasons for their treatment, are described below.

    (1) Net realized investment gains and losses. The recognition of the net realized investment gains or losses can vary significantly across periods as the timing is highly discretionary and is influenced by factors such as market opportunities, tax and capital profile, and overall market cycles that do not reflect our current period operating results.
    (2) Capital markets transaction costs. Capital markets transaction costs result from activities that are undertaken to improve our debt profile or enhance our capital position through activities such as debt refinancing and capital markets reinsurance transactions that may vary in their size and timing due to factors such as market opportunities, tax and capital profile, and overall market cycles.
    (3) Other infrequent, unusual or non-operating items. Items that are the result of unforeseen or uncommon events, and are not expected to recur with frequency in the future. Identification and exclusion of these items provides clarity about the impact special or rare occurrences may have on our current financial performance. Past adjustments under this category include infrequent, unusual or non-operating adjustments related to severance, restricted stock modification and other expenses incurred in connection with the CEO transition announced in September 2021 and the effects of the release of the valuation allowance recorded against our net federal and certain state net deferred tax assets in 2016 and the re-measurement of our net deferred tax assets in connection with tax reform in 2017. We believe such items are infrequent or non-recurring in nature, and are not indicative of the performance of, or ongoing trends in, our primary operating activities or business.
    (4) Net unrealized gains and losses on investments. The recognition of the net unrealized gains or losses on investment can vary significantly across periods and is influenced by factors such as interest rate movement, overall market and economic conditions, and tax and capital profiles. These valuation adjustments may not necessarily result in economic gains or losses and not reflective of ongoing operations.

    Investor Contact
    Gregory Epps
    Manager, Investor Relations and Treasury
    Investor.relations@nationalmi.com

    Consolidated statements of operations and comprehensive income (unaudited) For the three months ended
    December 31,
      For the year ended
    December 31,
        2024       2023       2024       2023  
      (In Thousands, except for per share data)
    Revenues              
    Net premiums earned $ 143,520     $ 132,940     $ 564,688     $ 510,768  
    Net investment income   22,718       18,247       85,316       67,512  
    Net realized investment gains (losses)   33             23       (33 )
    Other revenues   233       193       944       756  
    Total revenues   166,504       151,380       650,971       579,003  
    Expenses              
    Insurance claims and claim expenses   17,253       8,232       31,544       22,618  
    Underwriting and operating expenses   31,092       29,716       118,397       110,699  
    Service expenses   184       185       723       771  
    Interest expense   7,102       8,066       36,896       32,212  
    Total expenses   55,631       46,199       187,560       166,300  
                   
    Income before income taxes   110,873       105,181       463,411       412,703  
    Income tax expense   24,706       21,768       103,305       90,593  
    Net income $ 86,167     $ 83,413     $ 360,106     $ 322,110  
                   
    Earnings per share              
    Basic $ 1.09     $ 1.03     $ 4.51     $ 3.91  
    Diluted $ 1.07     $ 1.01     $ 4.43     $ 3.84  
                   
    Weighted average common shares outstanding              
    Basic   78,997       81,005       79,844       82,407  
    Diluted   80,623       82,685       81,273       83,854  
                   
    Loss ratio (1)   12.0  %     6.2  %     5.6  %     4.4  %
    Expense ratio (2)   21.7  %     22.4  %     21.0  %     21.7  %
    Combined ratio (3)   33.7  %     28.5  %     26.6  %     26.1  %
                   
    Net income $ 86,167     $ 83,413     $ 360,106     $ 322,110  
    Other comprehensive (loss) income, net of tax:              
    Unrealized (losses) gains in accumulated other comprehensive loss, net of tax (benefit) expense of $(11,374) and $19,580 for the three months ended December 31, 2024 and 2023, and $3,921 and $17,113 for the years ended December 31, 2024 and 2023, respectively   (42,787 )     73,660       15,113       64,380  
    Reclassification adjustment for realized (gains) losses included in net income, net of tax expense (benefit) of $7 and $0 for the three months ended December 31, 2024 and 2023, and $0 and $(7) for the years ended December 31, 2024, and 2023, respectively   (26 )                 26  
    Other comprehensive (loss) income, net of tax   (42,813 )     73,660       15,113       64,406  
    Comprehensive income $ 43,354     $ 157,073     $ 375,219     $ 386,516  

    (1) Loss ratio is calculated by dividing insurance claims and claim expenses by net premiums earned.
    (2) Expense ratio is calculated by dividing underwriting and operating expenses by net premiums earned.
    (3) Combined ratio may not foot due to rounding.

    Consolidated balance sheets (unaudited) December 31, 2024   December 31, 2023
    Assets (In Thousands, except for share data)
    Fixed maturities, available-for-sale, at fair value (amortized cost of $2,876,343 and $2,542,862 as of December 31, 2024 and December 31, 2023, respectively) $ 2,723,541     $ 2,371,021  
    Cash and cash equivalents (including restricted cash of $90 and $1,338 as of December 31, 2024 and December 31, 2023, respectively)   54,308       96,689  
    Premiums receivable, net   82,804       76,456  
    Accrued investment income   22,386       19,785  
    Deferred policy acquisition costs, net   64,327       62,905  
    Software and equipment, net   25,681       30,252  
    Intangible assets and goodwill   3,634       3,634  
    Reinsurance recoverable   32,260       27,514  
    Prepaid federal income taxes   322,175       235,286  
    Other assets   18,857       16,965  
    Total assets $ 3,349,973     $ 2,940,507  
           
    Liabilities      
    Debt $ 415,146     $ 397,595  
    Unearned premiums   65,217       92,295  
    Accounts payable and accrued expenses   103,164       86,189  
    Reserve for insurance claims and claim expenses   152,071       123,974  
    Deferred tax liability, net   386,192       301,573  
    Other liabilities   10,751       12,877  
    Total liabilities   1,132,541       1,014,503  
           
    Shareholders’ equity      
    Common stock – $0.01 par value; 87,902,626 shares issued and 78,600,726 shares outstanding as of December 31, 2024 and 87,334,138 shares issued and 80,881,280 shares outstanding as of December 31, 2023 (250,000,000 shares authorized)   879       873  
    Additional paid-in capital   1,004,692       990,816  
    Treasury stock, at cost: 9,301,900 and 6,452,858 common shares as of December 31, 2024 and December 31, 2023, respectively   (246,594 )     (148,921 )
    Accumulated other comprehensive loss, net of tax   (124,804 )     (139,917 )
    Retained earnings   1,583,259       1,223,153  
    Total shareholders’ equity   2,217,432       1,926,004  
    Total liabilities and shareholders’ equity $ 3,349,973     $ 2,940,507  
    Non-GAAP Financial Measure Reconciliations (unaudited)
      As of and for the three months ended   For the year ended December 31,
      12/31/2024   9/30/2024   12/31/2023     2024       2023  
    As Reported (In Thousands, except for per share data)
    Revenues                  
    Net premiums earned $ 143,520     $ 143,343     $ 132,940     $ 564,688     $ 510,768  
    Net investment income   22,718       22,474       18,247       85,316       67,512  
    Net realized investment gains (losses)   33       (10 )           23       (33 )
    Other revenues   233       285       193       944       756  
    Total revenues   166,504       166,092       151,380       650,971       579,003  
    Expenses                  
    Insurance claims and claim expenses   17,253       10,321       8,232       31,544       22,618  
    Underwriting and operating expenses   31,092       29,160       29,716       118,397       110,699  
    Service expenses   184       208       185       723       771  
    Interest expense   7,102       7,076       8,066       36,896       32,212  
    Total expenses   55,631       46,765       46,199       187,560       166,300  
                       
    Income before income taxes   110,873       119,327       105,181       463,411       412,703  
    Income tax expense   24,706       26,517       21,768       103,305       90,593  
    Net income $ 86,167     $ 92,810     $ 83,413     $ 360,106     $ 322,110  
                       
    Adjustments:                  
    Net realized investment (gains) losses   (33 )     10             (23 )     33  
    Capital markets transaction costs                     6,966        
    Adjusted income before taxes   110,840       119,337       105,181       470,354       412,736  
                       
    Income tax (benefit) expense on adjustments (1)   (7 )     2             1,458       7  
    Adjusted net income $ 86,141     $ 92,818     $ 83,413     $ 365,591     $ 322,136  
                       
    Weighted average diluted shares outstanding   80,623       81,045       82,685       81,273       83,854  
                       
    Diluted EPS $ 1.07     $ 1.15     $ 1.01     $ 4.43     $ 3.84  
    Adjusted diluted EPS $ 1.07     $ 1.15     $ 1.01     $ 4.50     $ 3.84  
                       
    Return on equity   15.6  %     17.5  %     18.0  %     17.4  %     18.2  %
    Adjusted return on equity   15.6  %     17.5  %     18.0  %     17.6  %     18.2  %
                       
    Expense ratio (2)   21.7  %     20.3  %     22.4  %     21.0  %     21.7  %
    Adjusted expense ratio (3)   21.7  %     20.3  %     22.4  %     21.0  %     21.7  %
                       
    Combined ratio (4)   33.7  %     27.5  %     28.5  %     26.6  %     26.1  %
    Adjusted combined ratio (5)   33.7  %     27.5  %     28.5  %     26.6  %     26.1  %
                       
    Book value per share (6) $ 28.21     $ 27.67     $ 23.81          
    Book value per share (excluding net unrealized gains and losses) (7) $ 29.80     $ 28.71     $ 25.54          

    (1) Marginal tax impact of non-GAAP adjustments is calculated based on our statutory U.S. federal corporate income tax rate of 21%, except for those items that are not eligible for an income tax deduction.
    (2) Expense ratio is calculated by dividing underwriting and operating expenses by net premiums earned.
    (3) Adjusted expense ratio is calculated by dividing adjusted underwriting and operating expense (underwriting and operating expenses excluding costs related to capital markets reinsurance transactions) by net premiums earned.
    (4) Combined ratio is calculated by dividing the total of underwriting and operating expenses and insurance claims and claim expenses by net premiums earned.
    (5) Adjusted combined ratio is calculated by dividing the total of adjusted underwriting and operating expenses (underwriting and operating expenses excluding costs related to capital market reinsurance transaction) and insurance claims and claim expenses by net premiums earned.
    (6) Book value per share is calculated by dividing total shareholders’ equity by shares outstanding.
    (7) Book value per share (excluding net unrealized gains and losses) is defined as total shareholders’ equity, excluding the after-tax effects of unrealized gains and losses on our investment portfolio, divided by shares outstanding.

    Historical Quarterly Data  2024    2023 
      December 31   September 30   June 30   March 31   December 31
      (In Thousands, except for per share data)
    Revenues                  
    Net premiums earned $ 143,520     $ 143,343     $ 141,168     $ 136,657     $ 132,940  
    Net investment income   22,718       22,474       20,688       19,436       18,247  
    Net realized investment gains (losses)   33       (10 )                  
    Other revenues   233       285       266       160       193  
    Total revenues   166,504       166,092       162,122       156,253       151,380  
    Expenses                  
    Insurance claims and claim expenses   17,253       10,321       276       3,694       8,232  
    Underwriting and operating expenses   31,092       29,160       28,330       29,815       29,716  
    Service expenses   184       208       194       137       185  
    Interest expense   7,102       7,076       14,678       8,040       8,066  
    Total expenses   55,631       46,765       43,478       41,686       46,199  
                       
    Income before income taxes   110,873       119,327       118,644       114,567       105,181  
    Income tax expense   24,706       26,517       26,565       25,517       21,768  
    Net income $ 86,167     $ 92,810     $ 92,079     $ 89,050     $ 83,413  
                       
    Earnings per share                  
    Basic $ 1.09     $ 1.17     $ 1.15     $ 1.10     $ 1.03  
    Diluted $ 1.07     $ 1.15     $ 1.13     $ 1.08     $ 1.01  
                       
    Weighted average common shares outstanding                  
    Basic   78,997       79,549       80,117       80,726       81,005  
    Diluted   80,623       81,045       81,300       82,099       82,685  
                       
    Other data                  
    Loss ratio (1)   12.0  %     7.2  %     0.2  %     2.7  %     6.2  %
    Expense ratio (2)   21.7  %     20.3  %     20.1  %     21.8  %     22.4  %
    Combined ratio (3)   33.7  %     27.5  %     20.3  %     24.5  %     28.5  %

    (1) Loss ratio is calculated by dividing insurance claims and claim expenses by net premiums earned.
    (2) Expense ratio is calculated by dividing underwriting and operating expenses by net premiums earned.
    (3) Combined ratio may not foot due to rounding.

    Portfolio Statistics

    The table below highlights trends in our primary portfolio as of the date and for the periods indicated.

    Primary portfolio trends As of and for the three months ended
      December 31,
    2024
      September 30,
    2024
      June 30,
    2024
      March 31,
    2024
      December 31,
    2023
      ($ Values In Millions, except as noted below)
    New insurance written (NIW) $ 11,925     $ 12,218     $ 12,503     $ 9,398     $ 8,927  
    New risk written   3,134       3,245       3,335       2,486       2,354  
    Insurance-in-force (IIF) (1)   210,183       207,538       203,501       199,373       197,029  
    Risk-in-force (RIF) (1)   56,113       55,253       53,956       52,610       51,796  
    Policies in force (count) (1)   659,567       654,374       645,276       635,662       629,690  
    Average loan size ($ value in thousands) (1) $ 319     $ 317     $ 315     $ 314     $ 313  
    Coverage percentage (2)   26.7  %     26.6  %     26.5  %     26.4  %     26.3  %
    Loans in default (count) (1)   6,642       5,712       4,904       5,109       5,099  
    Default rate (1)   1.01  %     0.87  %     0.76  %     0.80  %     0.81  %
    Risk-in-force on defaulted loans (1) $ 545     $ 468     $ 401     $ 414     $ 408  
    Average net premium yield (3)   0.27  %     0.28  %     0.28  %     0.28  %     0.27  %
    Earnings from cancellations $ 0.8     $ 0.8     $ 1.0     $ 0.6     $ 1.0  
    Annual persistency (4)   84.6 %     85.5 %     85.4 %     85.8 %     86.1 %
    Quarterly run-off (5)   4.5 %     4.0 %     4.2 %     3.6 %     3.4 %

    (1) Reported as of the end of the period.
    (2) Calculated as end of period RIF divided by end of period IIF.
    (3) Calculated as net premiums earned, divided by average primary IIF for the period, annualized.
    (4) Defined as the percentage of IIF that remains on our books after a given twelve-month period.
    (5) Defined as the percentage of IIF that is no longer on our books after a given three-month period.

    NIW, IIF and Premiums

    The tables below present primary NIW and primary IIF, as of the dates and for the periods indicated.

    Primary NIW For the three months ended
      December 31,
    2024
      September 30,
    2024
      June 30,
    2024
      March 31,
    2024
      December 31,
    2023
      (In Millions)
    Monthly $ 11,688   $ 11,978   $ 12,288   $ 9,175   $ 8,614
    Single   237     240     215     223     313
    Total $ 11,925   $ 12,218   $ 12,503   $ 9,398   $ 8,927
    Primary IIF As of
      December 31,
    2024
      September 30,
    2024
      June 30,
    2024
      March 31,
    2024
      December 31,
    2023
      (In Millions)
    Monthly $ 192,228   $ 189,241   $ 184,862   $ 180,343   $ 177,764
    Single   17,955     18,297     18,639     19,030     19,265
    Total $ 210,183   $ 207,538   $ 203,501   $ 199,373   $ 197,029

    The following table presents the amounts related to the company’s quota-share reinsurance transactions (the 2016 QSR Transaction, 2018 QSR Transaction, 2020 QSR Transaction, 2021 QSR Transaction, 2022 QSR Transaction, 2022 Seasoned QSR Transaction, 2023 QSR Transaction, and 2024 QSR Transaction and collectively, the QSR Transactions), insurance-linked note transactions (the 2021-1 ILN Transaction, and 2021-2 ILN Transaction and collectively, the ILN Transactions), and traditional reinsurance transactions (the 2022-1 XOL Transaction, 2022-2 XOL Transaction, 2022-3 XOL Transaction, 2023-1 XOL Transaction, 2023-2 XOL Transaction, and 2024 XOL Transaction and collectively, the XOL Transactions) for the periods indicated.

      For the three months ended
      December 31,
    2024
      September 30,
    2024
      June 30,
    2024
      March 31,
    2024
      December 31,
    2023
      (In Thousands)
    The QSR Transactions                  
    Ceded risk-in-force $ 13,024,200     $ 12,968,039     $ 12,815,434     $ 12,669,207     $ 12,626,541  
    Ceded premiums earned   (41,596 )     (41,761 )     (41,555 )     (41,269 )     (41,218 )
    Ceded claims and claim expenses (benefits)   4,075       2,449       (138 )     659       2,447  
    Ceding commission earned   9,997       10,152       10,222       10,292       9,561  
    Profit commission   20,149       21,883       24,351       23,407       22,057  
                       
    The ILN Transactions (1)                  
    Ceded premiums $ (4,217 )   $ (4,302 )   $ (5,858 )   $ (5,976 )   $ (6,305 )
                       
    The XOL Transactions                  
    Ceded premiums $ (9,969 )   $ (9,760 )   $ (9,403 )   $ (9,223 )   $ (8,302 )

    (1) Effective July 25, 2024 and December 27, 2024, NMIC exercised its optional termination rights to terminate and commute its previously outstanding excess-of-loss reinsurance agreements with Oaktown Re III Ltd. and Oaktown Re V Ltd., respectively. In connection with the terminations and commutations, the insurance-linked notes issued by Oaktown Re III Ltd. and Oaktown Re V Ltd. were redeemed in full with a distribution of remaining collateral assets.

    The tables below present our total primary NIW by FICO, loan-to-value (LTV) ratio, and purchase/refinance mix for the periods indicated.

    Primary NIW by FICO For the three months ended   For the year ended
      December 31,
    2024
      September 30,
    2024
      December 31,
    2023
      December 31,
    2024
      December 31,
    2023
      (In Millions)
    >= 760 $ 6,508   $ 6,615   $ 4,564   $ 24,808   $ 22,995
    740-759   2,090     2,057     1,542     8,098     6,769
    720-739   1,621     1,529     1,280     5,907     5,484
    700-719   890     1,040     816     3,794     2,816
    680-699   575     652     568     2,392     1,946
    <=679   241     325     157     1,045     463
    Total $ 11,925   $ 12,218   $ 8,927   $ 46,044   $ 40,473
    Weighted average FICO   758     757     755     757     760
    Primary NIW by LTV For the three months ended   For the year ended
      December 31,
    2024
      September 30,
    2024
      December 31,
    2023
      December 31,
    2024
      December 31,
    2023
      (In Millions)
    95.01% and above $ 1,510     $ 1,568     $ 990     $ 5,908     $ 3,713  
    90.01% to 95.00%   5,370       5,720       4,107       21,149       18,929  
    85.01% to 90.00%   3,740       3,584       2,947       13,994       13,597  
    85.00% and below   1,305       1,346       883       4,993       4,234  
    Total $ 11,925     $ 12,218     $ 8,927     $ 46,044     $ 40,473  
    Weighted average LTV   92.1  %     92.3  %     92.2  %     92.3  %     92.1  %
    Primary NIW by purchase/refinance mix For the three months ended   For the year ended
      December 31,
    2024
      September 30,
    2024
      December 31,
    2023
      December 31,
    2024
      December 31,
    2023
      (In Millions)
    Purchase $ 10,799   $ 11,708   $ 8,759   $ 43,921   $ 39,629
    Refinance   1,126     510     168     2,123     844
    Total $ 11,925   $ 12,218   $ 8,927   $ 46,044   $ 40,473

    The table below presents a summary of our primary IIF and RIF by book year as of December 31, 2024.

    Primary IIF and RIF As of December 31, 2024
      IIF   RIF
    Book Year (In Millions)
    2024 $ 43,560   $ 11,552
    2023   34,284     9,047
    2022   47,598     12,703
    2021   50,699     13,634
    2020   21,145     5,795
    2019 and before   12,897     3,382
    Total $ 210,183   $ 56,113

    The tables below present our total primary IIF and RIF by FICO and LTV, and total primary RIF by loan type as of the dates indicated.

    Primary IIF by FICO As of
      December 31, 2024   September 30, 2024   December 31, 2023
      (In Millions)
    >= 760 $ 105,315   $ 103,764   $ 98,034
    740-759   37,321     36,830     34,829
    720-739   29,343     28,930     27,755
    700-719   19,766     19,654     18,734
    680-699   13,374     13,326     12,867
    <=679   5,064     5,034     4,810
    Total $ 210,183   $ 207,538   $ 197,029
    Primary RIF by FICO As of
      December 31, 2024   September 30, 2024   December 31, 2023
      (In Millions)
    >= 760 $ 27,883   $ 27,396   $ 25,523
    740-759   10,006     9,850     9,207
    720-739   7,926     7,788     7,387
    700-719   5,383     5,337     5,021
    680-699   3,615     3,590     3,433
    <=679   1,300     1,292     1,225
    Total $ 56,113   $ 55,253   $ 51,796
    Primary IIF by LTV As of
      December 31, 2024   September 30, 2024   December 31, 2023
      (In Millions)
    95.01% and above $ 23,555   $ 22,644   $ 19,609
    90.01% to 95.00%   103,472     101,872     95,415
    85.01% to 90.00%   64,290     63,568     60,348
    85.00% and below   18,866     19,454     21,657
    Total $ 210,183   $ 207,538   $ 197,029
    Primary RIF by LTV As of
      December 31, 2024   September 30, 2024   December 31, 2023
      (In Millions)
    95.01% and above $ 7,345   $ 7,054   $ 6,062
    90.01% to 95.00%   30,563     30,100     28,184
    85.01% to 90.00%   15,956     15,777     14,961
    85.00% and below   2,249     2,322     2,589
    Total $ 56,113   $ 55,253   $ 51,796
    Primary RIF by Loan Type As of
      December 31, 2024   September 30, 2024   December 31, 2023
               
    Fixed 98  %   98  %   98  %
    Adjustable rate mortgages:          
    Less than five years          
    Five years and longer 2     2     2  
    Total 100  %   100  %   100  %

    The table below presents a summary of the change in total primary IIF during the periods indicated.

    Primary IIF As of and for the three months ended
      December 31, 2024   September 30, 2024   December 31, 2023
      (In Millions)
    IIF, beginning of period $ 207,538     $ 203,501     $ 194,781  
    NIW   11,925       12,218       8,927  
    Cancellations, principal repayments and other reductions   (9,280 )     (8,181 )     (6,679 )
    IIF, end of period $ 210,183     $ 207,538     $ 197,029  


    Geographic Dispersion

    The following table shows the distribution by state of our primary RIF as of the periods indicated:

    Top 10 primary RIF by state As of
      December 31, 2024   September 30, 2024   December 31, 2023
    California 10.1  %   10.1  %   10.2  %
    Texas 8.6     8.7     8.7  
    Florida 7.3     7.4     7.6  
    Georgia 4.1     4.1     4.1  
    Washington 3.9     3.9     4.0  
    Illinois 3.8     3.9     4.0  
    Virginia 3.7     3.8     3.9  
    Pennsylvania 3.4     3.4     3.4  
    Ohio 3.3     3.2     3.0  
    North Carolina 3.2     3.1     3.0  
    Total 51.4  %   51.6  %   51.9  %

    The table below presents selected primary portfolio statistics, by book year, as of December 31, 2024.

      As of December 31, 2024
    Book year Original
    Insurance
    Written
      Remaining
    Insurance
    in Force
      %
    Remaining
    of Original
    Insurance
      Policies
    Ever in
    Force
      Number
    of Policies
    in Force
      Number
    of Loans
    in
    Default
      # of
    Claims
    Paid
      Incurred
    Loss Ratio
    (Inception
    to Date)
    (1)
      Cumulative
    Default Rate
    (2)
      Current
    Default
    Rate
    (3)
      ($ Values in Millions)    
    2015 and prior $ 16,035   $ 885   6  %   67,989   4,903   99   208   2.7  %   0.5  %   2.0  %
    2016   21,187     1,498   7  %   83,626   8,076   158   187   1.7  %   0.4  %   2.0  %
    2017   21,582     1,867   9  %   85,897   10,577   267   184   1.9  %   0.5  %   2.5  %
    2018   27,295     2,433   9  %   104,043   13,152   420   184   2.5  %   0.6  %   3.2  %
    2019   45,141     6,214   14  %   148,423   27,442   511   97   2.0  %   0.4  %   1.9  %
    2020   62,702     21,145   34  %   186,174   73,926   598   51   1.4  %   0.3  %   0.8  %
    2021   85,574     50,699   59  %   257,972   167,892   1,679   74   3.5  %   0.7  %   1.0  %
    2022   58,734     47,598   81  %   163,281   138,915   2,002   68   17.9  %   1.3  %   1.4  %
    2023   40,473     34,284   85  %   111,994   98,711   725   10   14.4  %   0.7  %   0.7  %
    2024   46,044     43,560   95  %   120,747   115,973   183     6.2  %   0.2  %   0.2  %
    Total $ 424,767   $ 210,183       1,330,146   659,567   6,642   1,063            

    (1) Calculated as total claims incurred (paid and reserved) divided by cumulative premiums earned, net of reinsurance.
    (2) Calculated as the sum of the number of claims paid ever to date and number of loans in default divided by policies ever in force.
    (3) Calculated as the number of loans in default divided by number of policies in force.

    The following table provides a reconciliation of the beginning and ending reserve balances for primary insurance claims and claim expenses:

      For the three months ended
    December 31,
      For the year ended
    December 31,
        2024       2023       2024       2023  
      (In Thousands)
    Beginning balance $ 135,520     $ 116,078     $ 123,974     $ 99,836  
    Less reinsurance recoverables (1)   (29,214 )     (25,956 )     (27,514 )     (21,587 )
    Beginning balance, net of reinsurance recoverables   106,306       90,122       96,460       78,249  
                   
    Add claims incurred:              
    Claims and claim expenses incurred:              
    Current year (2)   21,674       17,298       93,206       78,285  
    Prior years (3)   (4,421 )     (9,789 )     (61,662 )     (56,390 )
    Total claims and claim expenses incurred (4)   17,253       7,509       31,544       21,895  
                   
    Less claims paid:              
    Claims and claim expenses paid:              
    Current year (2)   458       481       638       600  
    Prior years (3)   3,290       1,181       7,555       3,575  
    Reinsurance terminations         (491 )           (491 )
    Total claims and claim expenses paid   3,748       1,171       8,193       3,684  
                   
    Reserve at end of period, net of reinsurance recoverables   119,811       96,460       119,811       96,460  
    Add reinsurance recoverables (1)   32,260       27,514       32,260       27,514  
    Ending balance $ 152,071     $ 123,974     $ 152,071     $ 123,974  

    (1) Related to ceded losses recoverable under the QSR Transactions
    (2) Related to insured loans with their most recent defaults occurring in the current year. For example, if a loan defaulted in a prior year and subsequently cured and later re-defaulted in the current year, the default would be included in the current year. Amounts are presented net of reinsurance and included $83.5 million attributed to net case reserves and $8.1 million attributed to net IBNR reserves for the year ended December 31, 2024, $70.6 million attributed to net case reserves and $6.3 million attributed to net IBNR reserves for the year ended December 31, 2023.
    (3) Related to insured loans with defaults occurring in prior years, which have been continuously in default before the start of the current year. Amounts are presented net of reinsurance and included $54.1 million attributed to net case reserves and $6.3 million attributed to net IBNR reserves for the year ended December 31, 2024, $50.9 million attributed to net case reserves and $4.5 million attributed to net IBNR reserves for the year ended December 31, 2023.
    (4) Excludes a $0.7 million termination fee for the year ended December 31, 2023 incurred in connection with the amendment of the 2020 QSR Transaction.

    The following table provides a reconciliation of the beginning and ending count of loans in default:

      For the three months ended
    December 31,
      For the year ended
    December 31,
      2024    2023    2024    2023 
    Beginning default inventory 5,712     4,594     5,099     4,449  
    Plus: new defaults 2,742     2,039     8,757     6,758  
    Less: cures (1,684 )   (1,458 )   (6,899 )   (5,892 )
    Less: claims paid (108 )   (70 )   (276 )   (199 )
    Less: rescission and claims denied (20 )   (6 )   (39 )   (17 )
    Ending default inventory 6,642     5,099     6,642     5,099  

    The following table provides details of our claims paid, before giving effect to claims ceded under the QSR Transactions, for the periods indicated:

      For the three months ended
    December 31,
      For the year ended
    December 31,
        2024       2023       2024       2023  
      ($ Values In Thousands)
    Number of claims paid (1)   108       70       276       199  
    Total amount paid for claims $ 4,777     $ 2,060     $ 10,491     $ 5,192  
    Average amount paid per claim $ 44     $ 29     $ 38     $ 26  
    Severity (2)   65  %     64  %     61  %     55  %

    (1) Count includes 32 and 88 claims settled without payment during the three months and year ended December 31, 2024, respectively, and 23 and 70 claims settled without payment during the three months and year ended December 31, 2023, respectively.
    (2) Severity represents the total amount of claims paid including claim expenses divided by the related RIF on the loan at the time the claim is perfected, and is calculated including claims settled without payment.

    The following table shows our average reserve per default, before giving effect to reserves ceded under the QSR Transactions, as of the dates indicated:

    Average reserve per default: As of
      December 31, 2024   December 31, 2023
      (In Thousands)
    Case (1) $ 21.0   $ 22.4
    IBNR (1) (2)   1.9     1.9
    Total $ 22.9   $ 24.3

    (1) Defined as the gross reserve per insured loan in default.
    (2) Amount includes claims adjustment expenses.

    The following table provides a comparison of the PMIERs available assets and net risk-based required asset amount as reported by NMIC as of the dates indicated:

      As of
      December 31, 2024   September 30, 2024   December 31, 2023
      (In Thousands)
    Available assets $ 3,108,211   $ 3,006,892   $ 2,717,804
    Net risk-based required assets   1,828,807     1,735,790     1,516,140

    The MIL Network

  • MIL-OSI: Monolithic Power Systems Earnings Commentary for the Quarter and Year Ended December 31, 2024

    Source: GlobeNewswire (MIL-OSI)

    KIRKLAND, Wash., Feb. 06, 2025 (GLOBE NEWSWIRE) — MPS will report its results after the market closes on February 6, 2025 and host a question-and-answer webinar at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed at https://mpsic.zoom.us/j/96816578886.

    2024 Financial Summary  (Unaudited)
    GAAP
        2024     2023     YoY Change YoY Change (%)
    Revenue ($k) $ 2,207,100   $ 1,821,072     Up $ 386,028 Up 21.2%
    Gross Margin   55.3 %   56.1 %   Down 0.8 pts Down 1.4%
    Opex ($k) $ 681,512   $ 539,383     Up $ 142,129 Up 26.4%
    Operating Margin   24.4 %   26.5 %   Down 2.1 pts Down 7.9%
    Net income ($k) $ 1,786,700   $ 427,374     Up $ 1,359,326 Up 318.1%
    Diluted EPS $ 36.59   $ 8.76     Up $ 27.83 Up 317.7%
        2024     2023     YoY Change YoY Change (%)
    Revenue ($k) $ 2,207,100   $ 1,821,072     Up $ 386,028 Up 21.2%
    Gross Margin   55.8 %   56.4 %   Down 0.6 pts Down 1.1%
    Opex ($k) $ 466,379   $ 385,395     Up $ 80,984 Up 21.0%
    Operating Margin   34.6 %   35.2 %   Down 0.6 pts Down 1.7%
    Net income ($k) $ 689,755   $ 574,647     Up $ 115,108 Up 20.0%
    Diluted EPS $ 14.12   $ 11.78     Up $ 2.34 Up 19.9%
    Revenue by End Market
        Revenue   YoY Change   % of Total Rev
    End Market ($M)     2024     2023     $   %     2024   2023  
    Enterprise Data   $ 716.2 $ 323.0   $ 393.2   121.7 %   32.5 % 17.7 %
    Storage & Computing     501.6   491.1     10.5   2.1 %   22.7   27.0  
    Automotive     414.0   394.7     19.3   4.9 %   18.8   21.7  
    Communications     225.9   204.9     21.0   10.2 %   10.2   11.3  
    Consumer     202.0   234.7     (32.7 ) (13.9 %)   9.1   12.9  
    Industrial     147.4   172.7     (25.3 ) (14.6 %)   6.7   9.4  
    Total   $ 2,207.1 $ 1,821.1   $ 386.0   21.2 %   100 % 100 %
    Q4 2024 Financial Summary  (Unaudited)
    GAAP
        Q4’24     Q3’24     Q4’23     QoQ Change YoY Change
    Revenue ($k) $ 621,665   $ 620,119   $ 454,012     Up 0.2% Up 36.9%
    Gross Margin   55.4 %   55.4 %   55.3 %   Flat Up 0.1 pts
    Opex ($k) $ 181,101   $ 179,415   $ 141,554     Up 0.9% Up 27.9%
    Operating Margin   26.3 %   26.5 %   24.1 %   Down 0.2 pts Up 2.2 pts
    Net income ($k) $ 1,449,363   $ 144,430   $ 96,905     Up 903.5% Up 1395.7%
    Diluted EPS $ 29.88   $ 2.95   $ 1.98     Up 912.9% Up 1409.1%
      Q4’24   Q3’24     Q4’23     QoQ Change YoY Change
    Revenue ($k) $ 621,665   $ 620,119   $ 454,012     Up 0.2% Up 36.9%
    Gross Margin   55.8 %   55.8 %   55.7 %   Flat Up 0.1 pts
    Opex ($k) $ 126,117   $ 125,169   $ 96,745     Up 0.8% Up 30.4%
    Operating Margin   35.5 %   35.6 %   34.4 %   Down 0.1 pts Up 1.1 pts
    Net income ($k) $ 198,401   $ 198,786   $ 140,852     Down 0.2% Up 40.9%
    Diluted EPS $ 4.09   $ 4.06   $ 2.88     Up 0.7% Up 42.0%
    Revenue by End Market
        Revenue   YoY Change   % of Total Rev
    End Market ($M)     Q4’24     Q4’23   $   %   Q4’24   Q4’23  
    Enterprise Data   $ 194.9 $ 128.9   $ 66.0 51.2 %   31.3 % 28.4 %
    Storage & Computing     136.5   117.3     19.2 16.4 %   22.0   25.8  
    Automotive     128.4   89.8     38.6 43.0 %   20.6   19.8  
    Communications     63.8   40.9     22.9 55.9 %   10.3   9.0  
    Consumer     57.3   43.7     13.6 31.0 %   9.2   9.6  
    Industrial     40.8   33.4     7.4 22.3 %   6.6   7.4  
    Total   $ 621.7 $ 454.0   $ 167.7 36.9 %   100 % 100 %

    Ongoing Business Conditions

    In 2024, MPS’s revenue grew 21.2% year-over-year and achieved record revenue of $2.2 billion. This is our 13th consecutive year of revenue growth driven by consistent execution, continued innovation, and strong customer focus.

    Highlights from 2024 include:

    • We introduced a Silicon Carbide inverter for high power clean energy applications. Initial revenue is expected to ramp in late 2025. Other Silicon Carbide-based applications are expected to be introduced in multiple geographies during 2025 and 2026.
    • We developed a family of high quality, cost efficient automotive audio products utilizing DSP technology from our 2024 Axign acquisition powered by MPS solutions.
    • For enterprise notebooks, we launched a battery management solution and are sampling our new mini-phase power stage. These products enable faster charge time and significantly improve notebook battery life.
    • Building on our first analog to digital converter design win in 2024, we are developing new high accuracy 24-bit converters which are expected to ramp in the second half of 2025.
    • We executed a $640M stock repurchase program offsetting dilution for our shareholders.

    In Q4 2024, MPS achieved record quarterly revenue of $621.7 million, slightly higher than revenue in the third quarter of 2024 and 36.9% higher than revenue in the fourth quarter of 2023.   Our performance during the quarter reflected the continued strength of our diversified market strategy and a continued trend of the improved ordering patterns we saw in Q3 2024.

    MPS continues to focus on innovation, solving our customers’ most challenging problems, and maintaining the highest level of quality. We continue to invest in new technology, expand into new markets, and to diversify our end-market applications and global supply chain. This will allow us to capture future growth opportunities, maintain supply stability, and swiftly adapt to market changes as they occur.

    “Our proven, long-term growth strategy remains intact as we continue our transformation from being a chip-only, semiconductor supplier to a full service, silicon-based solutions provider,” said Michael Hsing, CEO and founder of MPS.

    2024 Full Year Revenue Results

    Our full year 2024 revenue by market segment was as follows:

    Full year 2024 Enterprise Data revenue grew $393.2 million to $716.2 million. This 121.7% increase was due to higher sales of our power management solutions for AI and server applications. Enterprise Data revenue represented 32.5% of MPS’s total revenue in 2024 compared with 17.7% in 2023.

    Communications revenue grew by $21.0 million in 2024 to $225.9 million. This 10.2% increase was a result of higher sales of power solutions for optical modules and routers, partially offset by lower sales of networking solutions. Communications revenue represented 10.2% of our 2024 revenue compared with 11.3% in 2023.

    Automotive revenue grew $19.3 million year-over-year to $414.0 million in 2024. This 4.9% gain was driven by increased sales of our highly integrated applications supporting advanced driver assistance systems. Automotive revenue represented 18.8% of MPS’s full year 2024 revenue compared with 21.7% in 2023.

    Storage and Computing revenue for 2024 grew $10.5 million over the prior year to $501.6 million. This 2.1% increase was primarily driven by increased sales of products for notebooks. Storage and Computing revenue represented 22.7% of MPS’s total revenue in 2024 compared with 27.0% in 2023.

    Consumer revenue decreased $32.7 million to $202.0 million in 2024. This 13.9% year-over-year decrease was a result of broad market weakness. Consumer revenue represented 9.1% of MPS’s full year 2024 revenue compared with 12.9% in 2023.

    Industrial revenue fell by $25.3 million to $147.4 million in 2024. This 14.6% decrease was due to general market weakness across all industrial segments. Industrial revenue represented 6.7% of MPS’s full year 2024 revenue compared with 9.4% in 2023.

    Q4’24 Revenue Results

    MPS reported fourth quarter revenue of $621.7 million, slightly higher than the third quarter of 2024 and 36.9% higher than the fourth quarter of 2023. Compared with the third quarter of 2024, sales in Automotive and Enterprise Data improved sequentially.

    Fourth quarter Automotive revenue of $128.4 million increased 15.3% from the third quarter of 2024 primarily from higher sales in ADAS and infotainment power solutions. Fourth quarter 2024 Automotive revenue was up 43.0% year over year. Automotive revenue represented 20.6% of MPS’s fourth quarter 2024 revenue compared with 19.8% in the fourth quarter of 2023.

    In our Enterprise Data market, fourth quarter 2024 revenue of $194.9 million increased 5.6% from the third quarter of 2024. Fourth quarter 2024 Enterprise Data revenue was up 51.2% year over year. Enterprise Data revenue represented 31.3% of MPS’s fourth quarter 2024 revenue compared with 28.4% in the fourth quarter of 2023.

    Fourth quarter 2024 Storage and Computing revenue of $136.5 million decreased 5.2% from the third quarter of 2024. The sequential decrease was primarily driven by lower sales in notebooks, partially offset by stronger sales in graphic cards. Fourth quarter 2024 Storage and Computing revenue was up 16.4% year over year. Storage and Computing revenue represented 22.0% of MPS’s fourth quarter 2024 revenue compared with 25.8% in the fourth quarter of 2023.

    Fourth quarter 2024 Industrial revenue of $40.8 million decreased 7.3% from the third quarter of 2024 due to lower sales for security and power sources. Fourth quarter 2024 Industrial revenue was up 22.3% year over year. Industrial revenue represented 6.6% of our total fourth quarter 2024 revenue compared with 7.4% in the fourth quarter of 2023.

    Fourth quarter Consumer revenue of $57.3 million decreased 11.0% from the third quarter of 2024 primarily from lower sales in smart TVs, home appliance and gaming solutions. Fourth quarter 2024 Consumer revenue was up 31.0% year over year. Consumer revenue represented 9.2% of MPS’s fourth quarter 2024 revenue compared with 9.6% in the fourth quarter of 2023.

    Fourth quarter 2024 Communications revenue of $63.8 million was down 11.2% from the third quarter of 2024 reflecting lower sales in networking solutions, partially offset by higher sales in optical solutions. Fourth quarter 2024 Communications revenue was up 55.9% year over year. Communications sales represented 10.3% of our total fourth quarter 2024 revenue compared with 9.0% in the fourth quarter of 2023.

    Q4’24 Gross Margin & Operating Income

    GAAP gross margin was 55.4%, flat to the third quarter of 2024. Our GAAP operating income was approximately $163.3 million compared to $164.0 million reported in the third quarter of 2024.

    Non-GAAP gross margin for the fourth quarter of 2024 was 55.8%, flat to the third quarter of 2024. Our non-GAAP operating income was $220.7 million compared to $220.8 million reported in the third quarter of 2024.

    Q4’24 Operating Expenses

    Our GAAP operating expenses were $181.1 million in the fourth quarter of 2024 compared with $179.4 million in the third quarter of 2024.

    Our Non-GAAP operating expenses were approximately $126.1 million, up from $125.2 million in the third quarter of 2024.

    The differences between non-GAAP operating expenses and GAAP operating expenses for the quarters discussed here are primarily stock-based compensation and related expense and deferred compensation plan expense.

    Total stock-based compensation and related expenses, including approximately $1.7 million charged to cost of goods sold, was $56.3 million compared with $52.4 million recorded in the third quarter of 2024.

    The Bottom Line

    Fourth quarter 2024 GAAP net income was $1.4 billion or $29.88 per fully diluted share, compared with $144.4 million or $2.95 per share in the third quarter of 2024. Fourth quarter GAAP net income and EPS included the recognition of a tax benefit granted to a foreign subsidiary.

    Fourth quarter 2024 non-GAAP net income was $198.4 million or $4.09 per fully diluted share, compared with $198.8 million or $4.06 per fully diluted share in the third quarter of 2024.

    There were 48.5 million fully diluted shares outstanding at the end of the fourth quarter of 2024. MPS repurchased $622M in stock during the fourth quarter of 2024.

    Balance Sheet and Cash Flow

    Cash, cash equivalents and short-term investments were $862.9 million at the end of the fourth quarter of 2024 compared to $1.46 billion at the end of the third quarter of 2024. The change was driven primarily by the share repurchases made in the fourth quarter. For the fourth quarter of 2024, MPS generated operating cash flow of approximately $167.7 million compared with the third quarter of 2024 operating cash flow of $231.7 million.

    Accounts receivable at the end of the fourth quarter of 2024 at $172.5 million, representing 25 days of sales outstanding, which was 1 day higher than the 24 days reported at the end of the third quarter of 2024.

    Our internal inventories at the end of the fourth quarter of 2024 were $419.6 million, down from $424.9 million at the end of the third quarter of 2024. Days of inventory of 138 days at the end of the fourth quarter of 2024 was 2 days lower than at the end of the third quarter of 2024.

    We have carefully managed our internal inventories throughout the year, balancing the uncertainty in the market with being prepared to capture market upturns when they occur. Comparing current inventory levels using next quarter’s projected revenue, days of inventory at the end of the fourth quarter of 138 days was 2 days lower than at the end of the third quarter of 2024.

    Selected Balance Sheet and Inventory Data (Unaudited)
           
      Q4’24 Q3’24 Q4’23
    Cash, Cash Equivalents, and Short-Term Investments $ 862.9 M $ 1,462.4 M $ 1,108.5 M
    Operating Cash Flow $ 167.7 M $ 231.7 M $ 153.3 M
    Accounts Receivable $ 172.5 M $ 164.7 M $ 179.9 M
    Days of Sales Outstanding 25 Days 24 Days 36 Days
    Internal Inventories $ 419.6 M $ 424.9 M $ 383.7 M
    Days of Inventory (current quarter revenue) 138 Days 140 Days 172 Days
    Days of Inventory (next quarter revenue) 138 Days 140 Days 170 Days

    Q1’25 Business Outlook

    For the first quarter of 2025 ending March 31, we are forecasting:

    • Revenue in the range of $610 million to $630 million.
    • GAAP gross margin in the range of 55.1% to 55.7%.
    • Non-GAAP gross margin in the range of 55.4% to 56.0%, which excludes the impact from stock-based compensation and related expenses as well as the impact from amortization of acquisition-related intangible assets.
    • Total stock-based compensation and related expenses in the range of $55.0 million to $57.0 million including approximately $1.7 million that would be charged to cost of goods sold.
    • GAAP operating expenses between $180.2 million and $186.2 million.
    • Non-GAAP operating expenses in the range of $126.9 million to $130.9 million. This estimate excludes stock-based compensation and related expenses in the range of $53.3 million to $55.3 million.
    • Interest and other income in the range from $5.8 million to $6.2 million before foreign exchange gains or losses.
    • Non-GAAP tax rate of 15% for 2025.
    • Fully diluted shares outstanding in the range of 47.8 to 48.2 million shares.

    Our quarterly dividend will increase 25% to $1.56 per share from $1.25 per share for stockholders of record as of March 31, 2025.

    In addition, our board of directors has authorized a new $500 million stock repurchase program effective over the next 3 years. The $640 million share repurchase program authorized in October of 2023 has been fully executed.

    For further information, contact:

    Bernie Blegen
    Executive Vice President and Chief Financial Officer
    Monolithic Power Systems, Inc.
    408-826-0777
    MPSInvestor.Relations@monolithicpower.com

    Safe Harbor Statement

    This earnings commentary contains, and statements that will be made during the accompanying webinar will contain, forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including under the “Q1’25 Business Outlook” section herein, our statement regarding our business focus, our statement regarding the expansion and diversification of our global supply chain and the quote from our CEO and founder, including, among other things, (i) projected revenue, GAAP and non-GAAP gross margin, GAAP and non-GAAP operating expenses, stock-based compensation and related expenses, amortization of acquisition-related intangible assets, other income before foreign exchange gains or losses, and fully diluted shares outstanding, (ii) our outlook for the first quarter of fiscal year 2025 and the near-term, medium-term and long-term prospects of MPS, including our ability to adapt to changing market conditions, performance against our business plan, our ability to grow despite the various challenges facing our business, our industry and the global economic environment, revenue growth in certain of our market segments, potential new business segments, our continued investment in research and development (“R&D”), expected revenue growth, customers’ acceptance of our new product offerings, the prospects of our new product development, our expectations regarding market and industry segment trends and prospects, and our projected expansion of capacity and the impact it may have on our business, (iii) our ability to penetrate new markets and expand our market share, (iv) the seasonality of our business, (v) our ability to reduce our expenses, and (vi) statements regarding the assumptions underlying or relating to any statement described in (i), (ii), (iii), (iv), or (v). These forward-looking statements are not historical facts or guarantees of future performance or events, are based on current expectations, estimates, beliefs, assumptions, goals, and objectives, and involve significant known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed by these statements. Readers of this earnings commentary and listeners to the accompanying conference call are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ include, but are not limited to, continued uncertainties in the global economy, including due to the Russia-Ukraine and Middle East conflicts, inflation, consumer sentiment and other factors; adverse events arising from orders or regulations of governmental entities, including such orders or regulations that impact our customers or suppliers, and adoption of new or amended accounting standards; adverse changes in laws and government regulations such as tariffs on imports of foreign goods, export regulations and export classifications, and tax laws or the interpretation of same, including in foreign countries where MPS has offices or operations; the effect of export controls, trade and economic sanctions regulations and other regulatory or contractual limitations on our ability to sell or develop our products in certain foreign markets, particularly in China; our ability to obtain governmental licenses and approvals for international trading activities or technology transfers, including export licenses; acceptance of, or demand for, our products, in particular the new products launched recently, being different than expected; our ability to increase market share in our targeted markets; difficulty in predicting or budgeting for future customer demand and channel inventories, expenses and financial contingencies (including as a result of any continuing impact from the Russia-Ukraine and Middle East conflicts); our ability to efficiently and effectively develop new products and receive a return on our R&D expense investment; our ability to attract new customers and retain existing customers; our ability to meet customer demand for our products due to constraints on our third-party suppliers’ ability to manufacture sufficient quantities of our products or otherwise; our ability to expand manufacturing capacity to support future growth; adverse changes in production and testing efficiency of our products; any political, cultural, military, regulatory, economic, foreign exchange and operational changes in China, where a significant portion of our manufacturing capacity comes from; any market disruptions or interruptions in our schedule of new product development releases; our ability to manage our inventory levels; adequate supply of our products from our third-party manufacturing partners; adverse changes or developments in the semiconductor industry generally, which is cyclical in nature, and our ability to adjust our operations to address such changes or developments; the ongoing consolidation of companies in the semiconductor industry; competition generally and the increasingly competitive nature of our industry; our ability to realize the anticipated benefits of companies and products that MPS acquires, and our ability to effectively and efficiently integrate these acquired companies and products into our operations; the risks, uncertainties and costs of litigation in which MPS is involved; the outcome of any upcoming trials, hearings, motions and appeals; the adverse impact on our financial performance if its tax and litigation provisions are inadequate; our ability to effectively manage our growth and attract and retain qualified personnel; the effect of epidemics and pandemics on the global economy and on our business; the risks associated with the financial market, economy and geopolitical uncertainties, including the Russia-Ukraine and Middle East conflicts; and other important risk factors identified under the caption “Risk Factors” and elsewhere in our Securities and Exchange Commission (“SEC”) filings, including, but not limited to, our Annual Report on Form 10-K filed with the SEC on February 29, 2024. MPS assumes no obligation to update the information in this earnings commentary or in the accompanying webinar.

    Non-GAAP Financial Measures

    This CFO Commentary contains references to certain non-GAAP financial measures. Non-GAAP net income, non-GAAP net income per share, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP other income, net, non-GAAP operating income and non-GAAP income before income taxes differ from net income, net income per share, gross margin, operating expenses, other income, net, operating income and income before income taxes determined in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). Non-GAAP net income and non-GAAP net income per share exclude the effect of stock-based compensation and related expenses, which include stock-based compensation expense and employer payroll taxes in relation to the stock-based compensation, net deferred compensation plan expense, amortization of acquisition-related intangible assets and related tax effects. Non-GAAP net income and non-GAAP net income per share also exclude the recognition of a tax benefit granted to a foreign subsidiary. Non-GAAP gross margin excludes the effect of stock-based compensation and related expenses, amortization of acquisition-related intangible assets and deferred compensation plan expense. Non-GAAP operating expenses exclude the effect of stock-based compensation and related expenses, amortization of acquisition-related intangible assets and deferred compensation plan expense. Non-GAAP operating income excludes the effect of stock-based compensation and related expenses, amortization of acquisition-related intangible assets and deferred compensation plan expense. Non-GAAP other income, net excludes the effect of deferred compensation plan income. Non-GAAP income before income taxes excludes the effect of stock-based compensation and related expenses, amortization of acquisition-related intangible assets and net deferred compensation plan expense. Projected non-GAAP gross margin excludes the effect of stock-based compensation and related expenses, and amortization of acquisition-related intangible assets. Projected non-GAAP operating expenses exclude the effect of stock-based compensation and related expenses. These non-GAAP financial measures are not prepared in accordance with GAAP and should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. A schedule reconciling non-GAAP financial measures is included at the end of this press release. MPS utilizes both GAAP and non-GAAP financial measures to assess what it believes to be its core operating performance and to evaluate and manage its internal business and assist in making financial operating decisions. MPS believes that the inclusion of non-GAAP financial measures, together with GAAP measures, provides investors with an alternative presentation useful to investors’ understanding of MPS’s core operating results and trends. Additionally, MPS believes that the inclusion of non-GAAP measures, together with GAAP measures, provides investors with an additional dimension of comparability to similar companies. However, investors should be aware that non-GAAP financial measures utilized by other companies are not likely to be comparable in most cases to the non-GAAP financial measures used by MPS. See the GAAP to Non-GAAP reconciliations in the tables set forth below.

    RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME
    (Unaudited, in thousands, except per share amounts)
        Three Months Ended
    December 31,
      Year Ended December 31,
        2024   2023   2024   2023
    Net income   $ 1,449,363     $ 96,905     $ 1,786,700     $ 427,374  
                                     
    Adjustments to reconcile net income to non-GAAP net income:                                
    Stock-based compensation and related expenses*     56,320       41,107       213,209       149,711  
    Amortization of acquisition-related intangible assets     320       33       1,303       132  
    Deferred compensation plan expense, net     573       288       867       1,055  
    Tax effect of non-GAAP adjustments     (22,773 )     2,519       (26,922 )     (3,625 )
    Recognition of a tax benefit granted to a foreign subsidiary     (1,285,402 )           (1,285,402 )      
    Non-GAAP net income   $ 198,401     $ 140,852     $ 689,755     $ 574,647  
                                     
    Non-GAAP net income per share:                                
    Basic   $ 4.11     $ 2.94     $ 14.19     $ 12.07  
    Diluted   $ 4.09     $ 2.88     $ 14.12     $ 11.78  
                                     
    Shares used in the calculation of non-GAAP net income per share:                                
    Basic     48,317       47,936       48,599       47,610  
    Diluted     48,506       48,881       48,835       48,771  

    *Prior periods exclude stock-based compensation related employer payroll taxes from non-GAAP measures due to immateriality.

    RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
    (Unaudited, in thousands)
        Three Months Ended
    December 31,
      Year Ended December 31,
        2024   2023   2024   2023
    Gross profit   $ 344,408     $ 251,123     $ 1,220,870     $ 1,021,119  
    Gross margin     55.4 %     55.3 %     55.3 %     56.1 %
                                     
    Adjustments to reconcile gross profit to non-GAAP gross profit:                                
    Stock-based compensation and related expenses*     1,745       1,228       6,975       4,545  
    Amortization of acquisition-related intangible assets     287             1,171        
    Deferred compensation plan expense     417       486       1,500       871  
    Non-GAAP gross profit   $ 346,857     $ 252,837     $ 1,230,516     $ 1,026,535  
    Non-GAAP gross margin     55.8 %     55.7 %     55.8 %     56.4 %

    *Prior periods exclude stock-based compensation related employer payroll taxes from non-GAAP measures due to immateriality.

    RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
    (Unaudited, in thousands)
        Three Months Ended
    December 31,
      Year Ended December 31,
        2024   2023   2024   2023
    Total operating expenses   $ 181,101     $ 141,554     $ 681,512     $ 539,383  
                                     
    Adjustments to reconcile total operating expenses to non-GAAP total operating expenses:                                
    Stock-based compensation and related expenses*     (54,575 )     (39,879 )     (206,234 )     (145,166 )
    Amortization of acquisition-related intangible assets     (33 )     (33 )     (132 )     (132 )
    Deferred compensation plan expense     (376 )     (4,897 )     (8,767 )     (8,690 )
    Non-GAAP operating expenses   $ 126,117     $ 96,745     $ 466,379     $ 385,395  

    *Prior periods exclude stock-based compensation related employer payroll taxes from non-GAAP measures due to immateriality.

    RECONCILIATION OF OPERATING INCOME TO NON-GAAP OPERATING INCOME
    (Unaudited, in thousands)
        Three Months Ended
    December 31,
      Year Ended December 31,
        2024   2023   2024   2023
    Total operating income   $ 163,307     $ 109,569     $ 539,358     $ 481,736  
                                     
    Adjustments to reconcile total operating income to non-GAAP total operating income:                                
    Stock-based compensation and related expenses*     56,320       41,107       213,209       149,711  
    Amortization of acquisition-related intangible assets     320       33       1,303       132  
    Deferred compensation plan expense     793       5,383       10,267       9,561  
    Non-GAAP operating income   $ 220,740     $ 156,092     $ 764,137     $ 641,140  

    *Prior periods exclude stock-based compensation related employer payroll taxes from non-GAAP measures due to immateriality.

    RECONCILIATION OF OTHER INCOME, NET, TO NON-GAAP OTHER INCOME, NET
    (Unaudited, in thousands)
        Three Months Ended
    December 31,
      Year Ended December 31,
        2024   2023   2024   2023
    Total other income, net   $ 6,224     $ 9,976     $ 33,554     $ 24,105  
                                     
    Adjustments to reconcile other income, net to non-GAAP other income, net:                                
    Deferred compensation plan income     (220 )     (5,095 )     (9,400 )     (8,506 )
    Non-GAAP other income, net   $ 6,004     $ 4,881     $ 24,154     $ 15,599  
    RECONCILIATION OF INCOME BEFORE INCOME TAXES TO NON-GAAP INCOME BEFORE INCOME TAXES
    (Unaudited, in thousands)
        Three Months Ended
    December 31,
      Year Ended December 31,
        2024   2023   2024   2023
    Total income before income taxes   $ 169,531     $ 119,545     $ 572,912     $ 505,841  
                                     
    Adjustments to reconcile income before income taxes to non-GAAP income before income taxes:                                
    Stock-based compensation and related expenses*     56,320       41,107       213,209       149,711  
    Amortization of acquisition-related intangible assets     320       33       1,303       132  
    Deferred compensation plan expense, net     573       288       867       1,055  
    Non-GAAP income before income taxes   $ 226,744     $ 160,973     $ 788,291     $ 656,739  

    *Prior periods exclude stock-based compensation related employer payroll taxes from non-GAAP measures due to immateriality.

    2025 FIRST QUARTER OUTLOOK
    RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
    (Unaudited)
        Three Months Ending
    March 31, 2025
       
        Low   High
    Gross margin     55.1 %     55.7 %
    Adjustment to reconcile gross margin to non-GAAP gross margin:                
    Stock-based compensation and other expenses     0.3 %     0.3 %
    Non-GAAP gross margin     55.4 %     56.0 %
    RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
    (Unaudited, in thousands)
        Three Months Ending
    March 31, 2025
       
        Low   High
    Operating expenses   $ 180,200     $ 186,200  
    Adjustments to reconcile operating expenses to non-GAAP operating expenses:                
    Stock-based compensation and other expenses     (53,300 )     (55,300 )
    Non-GAAP operating expenses   $ 126,900     $ 130,900  

    The MIL Network

  • MIL-OSI New Zealand: Universities – Can artists really take back their music like Swift? – UoA

    Source: University of Auckland

    Taylor Swift’s re-recordings rocked the music industry – can other artists reclaim their music too? A journal article explores the options.

    Taylor Swift and her millions of fans may be disappointed by her 2025 Grammys ‘snub’, but the billionaire artist still has much to celebrate, most notably, her successful fight to take ownership of her music in an industry long dominated by influential record labels.

    University of Auckland copyright expert Dr Joshua Yuvaraj says Swift significantly impacted the industry when she re-recorded several of her albums after the rights to her music were sold from under her.

    In his paper, published in the Journal of Intellectual Property Law and Practice and presented at the University of Melbourne’s Taylor Swift-themed academic conference, Swiftposium, the senior law lecturer examines how re-recording can help artists gain control of their music. He compares this strategy with the primary mechanism available under US copyright law: statutory reversion. (ref. https://academic.oup.com/jiplp/article/19/12/884/7913103 )

    His article looks at how reversion applies to sound recordings, focusing on the US copyright ‘termination’ provision, which lets creators reclaim copyright, typically after around 35 years. The size of the US recording market makes this scheme the most high-profile reversion system in the world. However, Yuvaraj argues that re-recording may offer a more accessible alternative to these legal processes.

    “In theory, copyright reversion gives artists a second chance at controlling their recordings. But in practice, the US system has significant obstacles: a long waiting period, complex legal requirements, and uncertainty over whether sound recordings are even covered.”

    Many artists simply don’t have the time or resources to navigate this legal quagmire, says Yuvaraj.

    “There are considerable power imbalances between artists and record companies,” he says. “For example, copyright is often assigned before the true value of a song is even known.”

    Re-recording, as Swift did, allows artists to sidestep these legal barriers. While the copyright in an original sound recording remains with the label, a newly recorded version, if produced independently, is treated as a separate work under copyright law – as long as the artist retained control, or had a license to reproduce the song itself, which has a separate musical copyright to the recording.

    “Taylor Swift’s success put re-recording in the spotlight as a way for artists to regain control over their music without waiting decades for copyright reversion laws to take effect,” says Yuvaraj.

    He says that unlike statutory reversion, re-recording requires much shorter waiting periods, allowing musicians to capitalise on market demand more quickly. There’s also less procedural complexity, and as long as artists comply with contractual waiting periods, they are unlikely to face legal action.

    Despite Swift’s success – her re-recorded albums were critically praised and financially lucrative – Yuvaraj notes that re-recording isn’t a viable solution for everyone.

    “It requires a strong fan base willing to embrace the new versions, and not all musicians have that level of market power,” he says.

    And while Swift’s re-recording battle highlighted power imbalances in artist contracts, it also saw record labels tighten their grip. There are reports of extended re-recording restrictions in contracts from the standard three to seven years to 20 or 30 years, making re-recording a less accessible option for future artists.

    Despite this roadblock, Yuvaraj says Swift’s case sparked important conversations about artist rights, and some musicians are now negotiating deals that allow them to retain ownership of their master recordings from the outset, eliminating the need for re-recording altogether.

    “Swift’s case brought re-recording into the public eye, but it doesn’t replace the need for fairer contracts and stronger copyright protections.”

    MIL OSI New Zealand News

  • MIL-OSI: AFL Clubs Choose Tradable Bits to Revolutionise Fan Engagement

    Source: GlobeNewswire (MIL-OSI)

    MELBOURNE, Australia, Feb. 06, 2025 (GLOBE NEWSWIRE) — Tradable Bits, the leading provider of fan marketing technology, has been selected by 17 Australian Football League (AFL) clubs to drive fan engagement, data collection, and activation strategies for the upcoming season.

    With over six years of collaboration with the AFL, Tradable Bits continues to expand its role in the league, enhancing data intelligence across in-venue, broadcast, email, and mobile SMS platforms.

    Tradable Bits provides comprehensive solutions tailored to the unique needs of sports organizations, including seamless fan engagement tools, a purpose-built CRM for teams, and integrations with ticketing, merchandise, and marketing automation systems.

    Since its initial partnership with the AFL in 2019, Tradable Bits has seen exponential growth, now powering fan engagement initiatives for 17 of the league’s 18 clubs, including Adelaide Crows, Brisbane Lions, Carlton, Essendon, Fremantle, Geelong, Gold Coast Suns, GWS Giants, Hawthorn, Melbourne, North Melbourne, Port Adelaide, Richmond, St Kilda, Sydney Swans, West Coast Eagles, and the Western Bulldogs.

    North Melbourne Football Club’s Digital Marketing and Analytics Manager, Jackson Zilco, highlighted the impact of the long-term partnership:

    “Partnering with Tradable Bits has been instrumental in helping our club better understand and engage with our fans. They’ve grown with us as we’ve evolved our Fan Engagement and Data strategies and are always proactive when it comes to ideas and strategy.”

    “We’re aiming for record membership numbers in 2025, and Tradable Bits is key to our lead generation efforts. It remains an integral part of our technology stack and plays a big role in helping us reach membership targets,” added Zilco.

    Tim Mullaly, General Manager, APAC at Tradable Bits, emphasised the company’s fan-centric philosophy:

    “At Tradable Bits, we’re fans first and foremost. We understand that the core of fandom is connection, and our clubs are always looking to get closer to their fans by delivering unique and authentic experiences. With the vast majority of the AFL industry now using our data intelligence and activation tools, Tradable Bits is powering more fan engagements than ever before.”

    In 2024 alone, Tradable Bits campaigns were responsible for more than 100,000 hours of engagement time by AFL fans.

    Danielle Wooley, Head of Customer Experience & Insights at the Western Bulldogs, noted how Tradable Bits’ automation capabilities have streamlined their fan communications:

    “By integrating directly with Ticketmaster Archtics, we’ve cut our fan welcome email turnaround time from up to three weeks to under 24 hours. Timeliness and relevance matter. Prioritizing this shows our fans that we understand them; it goes a long way in fostering genuine connection.”

    Wooley also highlighted the revenue-driving potential of fan engagement initiatives:

    “We ran a Tradable Bits Personality Quiz during the season, garnering over 3,000 participants. The campaign fed a tailored experience journey, resulting in a 500% attendance increase in one season.”

    As AFL clubs gear up for an exciting 2025 season, Tradable Bits continues to play a crucial role in driving engagement, strengthening connections, and delivering measurable results for teams.

    About Tradable Bits
    Tradable Bits is a leading provider of cutting-edge fan engagement, data analytics, and marketing solutions to the global sports, music, and entertainment industries. Tradable Bits’ proprietary fan engagement platform and CRM leverages zero-party data, artificial intelligence, and machine learning so promoters, sports leagues and teams, and live event organisations can market more effectively, generate revenue, and foster brand loyalty. Tradable Bits’ technology is built exclusively in-house by award-winning engineers and mathematicians working alongside veteran sports and entertainment executives to meet the unique needs of live audience organisations. More than 100 leading organisations rely on Tradable Bits including sports partners in the AFL, NBA, NFL, NRL, NHL, MLB and MLS, and entertainment partners AEG Presents’ GoldenVoice, BMG, Live Nation Canada, Front Gate Tickets, Country Music Association, Danny Wimmer Presents, Life is Beautiful, and Outside Lands. Tradable Bits is headquartered in Vancouver, Canada, and has offices in North America, Australia, and Europe. More information is available at www.tradablebits.com.

    The MIL Network

  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Discrimination against Women Praise Belarus for Progress in Preventing Trafficking, Ask about Criminalisation of HIV Transmission and Reported Repression of Civil Society

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today concluded its consideration of the ninth periodic report of Belarus, with Committee Experts praising the State’s progress in preventing trafficking, and raising questions about the criminalisation of HIV transmission and reports of repression of civil society.

    Elgun Safarov, Committee Expert and Rapporteur for Belarus, and other Experts commended Belarus’ awareness-raising projects on the prevention of trafficking and women’s empowerment.

    One Committee Expert noted that Belarus had a high number of criminal cases related to HIV.  Transmission of HIV was penalised with imprisonment of up to five years. Was the State party rethinking this law?

    Mr. Safrov said many very important non-governmental organizations had been closed recently.  What were the reasons for these closures?  There were reports of repression of women journalists and activists.

    Several other Experts expressed concern about reports that women who expressed dissent were punished and detained.  What plans were in place to protect women activists from gender-based violence and State repression?  Why were civil society organizations engaged in the protection of human rights dissolved by the State?

    Introducing the report, Larysa Belskaya, Permanent Representative of Belarus to the United Nations Office at Geneva and head of the delegation, said Belarus strived to fully ensure equal rights and opportunities for women in all spheres. In an extremely difficult geopolitical situation, Belarus progressively built a society where every person could have decent living conditions and benefit society.

    The delegation said Belarus had taken measures to eliminate trafficking in persons and to identify and rehabilitate victims.  In 2024, authorities identified 1,500 cases of suspected trafficking and identified several victims, including minors.  The State worked with civil society to build the capacity of law enforcement staff related to trafficking; 90 training sessions had been held in 2024.

    Concerning the transmission of HIV, the delegation said that in 2023, nine women had been penalised for transmitting HIV and 12 women were penalised in 2022.  The State party was continuing to reduce the stringency of HIV legislation.  A draft law had been developed to decriminalise unintentional transmission of HIV.  Penalties for the deliberate transmission of HIV would remain.

    The delegation said the Committee’s assessments related to repression were not appropriate.  The protests that took place in Belarus over the reporting period were in many cases not peaceful.  Certain extremist actions were taken by media workers.  The Government was working to increase understanding of the situation.

    Civil society in Belarus was active, the delegation added.  The State party had over 1,500 civil society organizations, including women’s organizations.  In 2020, there was an attempt to carry out a coup d’etat by several non-governmental organizations engaged in anti-Government activities.  A court decision held these organizations and their members responsible for violating the law.  This should not be considered repression of civil society.  In 2023, a new law on the activities of civil society was adopted that required organizations to re-register.  Many non-governmental organizations had not completed the new registration procedure and had been shut down.  Citizens were entitled to renew the activities of previous non-governmental organizations.

    In closing remarks, Ms. Belskaya said Belarus had achieved much in terms of gender equality and empowering women.  The discussion helped the State party to identify the remaining issues to be addressed. The Committee’s recommendations would be carefully considered by the National Council on Gender Equality and used to construct the next national action plan on gender equality

    In her closing remarks, Nahla Haidar, Committee Chair, commended the State party for its efforts and encouraged it to implement the Committee’s recommendations for the benefit of all women and girls in Belarus.

    The delegation of Belarus consisted of representatives from the Ministry of Labour and Social Protection; Ministry of Health; and the Permanent Mission of Belarus to the United Nations Office at Geneva.

    The Committee will issue the concluding observations on the report of Belarus at the end of its ninetieth session on 21 February.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet at 10 a.m. on Friday, 7 February to consider the eighth periodic report of Luxembourg (CEDAW/C/LUX/8).

    Report

    The Committee has before it the ninth periodic report of Belarus (CEDAW/C/BLR/9).

    Presentation of Report

    LARYSA BELSKAYA, Permanent Representative of Belarus to the United Nations Office at Geneva and head of the delegation, said Belarus was committed to the principles of the Convention and strived to fully ensure equal rights and opportunities for women and men in all spheres.  Its Gender Gap Index score had almost halved from 0.152 in 2014 to 0.096 in 2024, placing the country 29th out of 166 countries.  In an extremely difficult geopolitical situation, Belarus preserved its State, peace and tranquillity, and progressively built a society of equal opportunities, where every person could have decent living conditions and benefit society.

    Over the years, the Government had made serious efforts to implement the Convention and had achieved concrete results for the advancement of women.  Gender policy was coordinated by the National Council on Gender Policy.  Every five years, national action plans on gender equality were adopted.  This year, the sixth national action plan (2021-2025), the goals and objectives of which were linked to the Sustainable Development Goals, was being implemented.  Work was also progressively being carried out to introduce mechanisms for gender analysis of legislation and gender budgeting in the development of draft State plans and programmes. 

    The National Statistical Committee had developed thematic information systems that made it possible to analyse the situation in the field of gender equality.  The “Gender Statistics Web Portal” contained 178 gender statistics.  In 2020, the Labour Code introduced a norm establishing paternity leave of up to 14 days within six months after the birth of the child.  The Government was also working to calculate the value of unpaid domestic services not included in gross domestic product.  The final data would be published in June 2025.

    Belarussian women were actively promoted to managerial positions.  In the National Assembly, the share of women in 2023 was 36 per cent. At the same time, in the House of Representatives, their share was 40.6 per cent.  Women accounted for 47 per cent of local self-government bodies. Among senior civil servants, the share of women in 2023 was 54.6 per cent; among judges, 64.4 per cent.

    Labour legislation provided for parents with family responsibilities an additional day off from work per month or reduced working days, flexible forms of employment, and remote employment.  The country guaranteed access for all citizens to health care, education, social services, culture and sports.  At the birth of a child, the State provided material support to all families and the payment of insurance premiums.  Benefits for pregnancy, childbirth and temporary disability had been increased, as had social support for parents raising a child with disabilities.  Since 2015, the State also provided a one-time non-cash provision equalling 10,000 United States dollars at the birth or adoption of third or subsequent children.

    The Belarussian Women’s Union, which united 162,000 women, worked to raise the status of women in society and their role in all spheres of life, and there were 15 more women’s organizations in Belarus.  In total, as of October 2024, there were 1,466 public associations; 18 new public associations were registered in 2024. 

    In Belarus, the literacy rate of the population aged 15 and over was almost 100 per cent. General secondary education was compulsory for all.  The percentage of women in higher education was about 53 per cent.  Almost 92 per cent of women aged 16-72 used the Internet.

    For several years, there had been a decrease in the female working age unemployment rate, from 3.1 per cent in 2019 to 2.7 per cent in 2023.  This figure was lower than the male unemployment rate, which was 4.1 per cent in 2023.  More than 42 per cent of employed women had completed higher education and 70 per cent of civil servants were women.  The share of women among researchers in Belarus was 39.2 per cent.  In 2024, for the first time, a female cosmonaut from Belarus, Marina Vasilevskaya, flew to the International Space Station.  Belarus was also actively developing women’s entrepreneurship; the representation of women in this area was 36.4 per cent.  In 2023, the first Forum of Women Entrepreneurs was held, with the active participation of the Belarussian Women’s Union.

    Every woman, regardless of income, had the opportunity to receive any type of medical care free of charge.  Unprecedented measures were being taken in the country to protect motherhood and childhood, to accompany women during pregnancy, and to carry out annual medical examinations.  Belarus was among the 25 countries with the highest rating in terms of access to sexual and reproductive health, information and education.  The proportion of women using various types of contraception increased from 39.9 per cent in 2010 to 53.2 per cent in 2021. The number of abortions per 1,000 women of childbearing age over the past 10 years had decreased by almost two times to 6.2 per cent in 2023.  Since 2011, no cases of illegal abortions had been registered in the country.

    Specific measures were being taken in Belarus to prevent domestic violence.  In 2022, protective measures for victims and preventive measures against violators were strengthened.  Every year, about 15,000 victims turned to regional social service centres for help.  A network of “crisis” rooms was being developed, with 134 rooms having been established as of 2024.  There were no restrictions on the time in which people could live in these rooms; in the first half of 2024, 81 women lived in them.  Public and international organizations were involved in aiding women victims of domestic violence.

    From today’s dialogue, Belarus expected practical and implementable recommendations that would allow it to implement high international standards in State policy to ensure equal rights and expand opportunities for women.

    Questions by a Committee Expert 

    ELGUN SAFAROV, Committee Expert and Rapporteur for Belarus, said that Belarus had developed family and women policy, implemented many awareness-raising projects on the prevention of trafficking and women’s empowerment, organised several international conferences on women in entrepreneurship and science, and adopted several legislative acts on women rights protection during the reporting period. He expressed appreciation for the State party’s activities for the harmonisation of legislation and measures for the adoption of international standards. 

    However, the Committee had witnessed multiple violations of women’s rights.  The State party did not have comprehensive anti-discrimination legislation that specifically prohibited discrimination against women, including direct and indirect discrimination, and also had no specific, stand-alone legislation on gender equality, or a law explicitly focused on ending all forms of gender-based violence, including domestic violence.  Sexual harassment in the workplace remained unaddressed in legislation, and laws prohibited women’s participation in certain jobs. 

    There were many problems related to access to justice for women.  There needed to be effective remedies for victims of discrimination.  There was no special body for deciding cases related to discrimination against women.  HIV transmission was criminalised.  Why had some women lawyers’ licenses been terminated?

    What measures were in place to incorporate a definition of equality between women and men in the Constitution and the Criminal Code?  What mechanisms were in place to protect against discrimination?  Had the Convention been translated into Belarussian? Were there any court cases that had referenced the Convention?  Why had closed court sessions been held to try women who had participated in peaceful demonstrations?  How were lawyers appointed?  Did the State party keep data on criminal cases related to gender?

    Responses by the Delegation

    The delegation said Belarus did not have a comprehensive definition of discrimination against women in its legislation, but principles of equality were included in the Constitution and various laws.  The Government had considered developing a single act on discrimination, but had found that existing legislation sufficiently banned discrimination. Legal amendments were introduced in 2022 to provide women and men with equal opportunities in employment, training and education.  The rights of victims of sexual discrimination needed to be restored under law. All complaints of discrimination, including from women and foreign citizens, needed to be reviewed by relevant State authorities within a tight deadline.  Discriminatory norms were not permitted in legislation.  Follow-up on implementation of gender legislation was carried out by a dedicated group of the National Council on Gender Policy.

    The Bar Association carried out activities to inform citizens about how they could access legal aid.  Women who lodged a complaint related to workplace discrimination or the deprivation of parental rights, as well as pregnant women, vulnerable families and victims of trafficking, received legal aid free of charge. Women in prisons could receive legal aid when they submitted complaints.  Women could choose their own lawyer, or were appointed one if they could not afford one.

    Belarus had two national languages: Belarussian and Russian.  Russian was more represented in State correspondence, but this did not hinder access to information on legislation for the population.  The Convention was part of the national legal system and had been referenced in court proceedings.  The Criminal Code recognised undermining of women’s bodily integrity as an offence.  There were around 50 cases related to bodily harm in the first half of 2024, and 44 cases of other sexual offences.

    Questions by Committee Experts 

    A Committee Expert commended the Government on efforts to align policies with the Sustainable Development Goals. However, the Committee was concerned by the absence of an independent national human rights institution, and by the exclusion of civil society organizations that worked to safeguard women’s rights.  Would the State party consider establishing a national human rights institution in line with the Paris Principles?  Which Government agency was responsible for protecting women’s rights.

    The Expert welcomed the policy to promote gender empowerment and gender sensitive budgeting.  How would the national action plan on gender equality be monitored?  How would the State party ensure the meaningful participation of civil society in this regard?

    The Committee was deeply concerned by the increasingly shrinking civic space.  Many women human rights defenders faced detention and restriction of activities. What plans were in place to protect women activists from gender-based violence and State repression?  Why were civil society organizations that were engaged in the protection of human rights dissolved by the State?

    Belarus had not adopted a national action plan on women, peace and security.  Would it consider developing such a plan to mainstream gender perspectives into peacebuilding efforts?

    One Committee Expert said the share of women in regional leadership positions was low and there were very few female ambassadors.  Women who peacefully expressed diverse political opinions were at a high risk of being treated as extremists.  Had the State party implemented temporary special measures to ensure gender equality in recent years?  Were there measures to increase the representation of women in leadership positions, as well as in employment and education?  What measures were in place to support vulnerable women and to mitigate the impact of the COVID-19 pandemic on gender equality?

    Responses by the Delegation

    The delegation said Belarus had State and public institutions protecting human rights, including the national councils on gender equality, children and disability, and the Environmental Committee, among others.  The State had conducted consultations with civil society, international organizations and State agencies in 2017 related to the establishment of a national human rights institution.  Belarus believed that creating a national human rights institution was not a priority as its existing bodies were working efficiently to protect human rights. This issue could be examined in more detail at a later stage.

    The National Council on Gender Equality coordinated and monitored the implementation of national action plans on gender equality.  From 2023 to 2024, a gender assessment methodology for legislation was adopted. Based on assessments, problems had been identified and measures were being planned to address them in the next national action plan.

    Belarus was not a party to any conflict currently, so it had not implemented special measures related to women, peace and security.  However, the Government had taken measures to protect Ukrainian refugees.  Over 200,000 people had arrived from Ukraine in the past three years, more than half of whom were women.  Belarus offered refugees temporary protection and the choice of becoming Belarussian citizens.

    Civil society in Belarus was active. The State party had over 1,500 civil society organizations, as well as professional unions and women’s organizations. The Belarussian Women’s Union actively engaged with State authorities.  There were also specialised civil society organizations supporting vulnerable women.  The process for registering a civil society organization was simple and transparent; the State did not interfere in the registration of such organizations and provided regular support to existing organizations.  Under the law on civil society organizations, such organizations could be closed based on court decisions finding that the organization had carried out unlawful propaganda or violated State legislation. 

    Citizens active in social activities had the right to be defended but were held liable when they violated the law. In 2020, there was an attempt to carry out a coup d’etat by several non-governmental organizations engaged in anti-Government activities.  A court decision had held these organizations and their members responsible for violating the law.  This should not be considered repression of civil society.  After these events, laws on civil society were amended to provide incentives for more constructive civic activities.  Non-governmental organizations in Belarus needed to work cooperatively with the State and could not be funded from abroad.

    Questions by Committee Experts

    A Committee Expert welcomed that the State party had not ruled out establishing a national human rights institution and called for serious consideration of its establishment.  The Expert called for the development of a dedicated policy on women, peace and security.  How many women’s organizations participated in the development and analysis of the national action plan on gender equality?

    Another Committee Expert welcomed advances in protection from domestic violence, including the law on crisis prevention.  However, gender stereotypes were spread in media communications and women were systematically silenced and controlled by the State – women who expressed dissent were attacked, punished and detained.  Vulnerable women were often blamed and stigmatised when they sought protection.  The State party implemented restraining orders for only 30 days and perpetrators were not expelled from homes. 

    Would the State party adopt a comprehensive strategy to address gender stereotyping, a comprehensive law against domestic violence, and penal protection against marital rape?  How would the State party protect victims in criminal proceedings?  What remedies had been provided to victims in recent years?  How many persons had been convicted for domestic violence crimes? What services were provided in crisis rooms and how were personnel in these rooms trained?  Why did the rooms also house men?  Over 30 non-governmental organizations managing hotlines and shelters had been closed; why was this?

    One Committee Expert commended the State party for addressing trafficking in persons by ratifying international conventions on trafficking and developing comprehensive laws related to trafficking.  Could the State party provide data on trafficking and prostitution?  What measures were in place to protect women with disabilities from trafficking and to identify victims of trafficking?  How many investigations into trafficking had been carried out and how many persons were convicted?  How was the State party strengthening protections for women and girls against trafficking, promoting their access to justice, and building the capacity of State officials on the gendered aspects of trafficking?

    Responses by the Delegation

    The delegation said analysis of the national action plan on gender equality was carried out twice a year. The Belarus Women’s Union was represented in the National Commission on Gender Equality and other bodies.  The State party also closely cooperated with the Red Cross and other international organizations, and supported organizations of persons with disabilities.  Seventy per cent of civil servants were women; 50 per cent were in middle management positions and were involved in preparing important political decisions.

    Eliminating gender stereotypes was one of the goals of the national action plan for gender equality.  The State party was working to enhance the role of fathers in carrying out domestic tasks and was working with civil society on a joint project encouraging responsible fatherhood.  There was a programme on State television that presented case studies of successful professional women.

    Persons who perpetrated domestic violence were required to leave the homes where victims lived, and authorities monitored compliance.  The law on preventing domestic violence had been amended to address violence against former partners and cohabitants.  The number of protective measures that had been implemented had increased significantly from around 18,000 in 2022 to 33,000 in 2024.  The Government supported victims to stay in their homes.  There were awareness raising campaigns in place to inform potential victims about reporting channels and preventing gender-based violence.  All types of bodily harm were criminalised.

    Every year, around 17,500 complaints of domestic violence were made.  If women victims required temporary housing, it was provided. Shelters could be accessed 24 hours a day by victims and their children without documentation.  There were hundreds of crisis rooms available, including 132 equipped for children.  Work was underway to ensure access to the rooms for persons with disabilities.

    Belarus had taken measures to eliminate trafficking in persons and to identify and rehabilitate victims.  In 2024, authorities identified 1,500 cases of suspected trafficking and identified several victims, including minors. The State worked with civil society to build the capacity of law enforcement staff related to trafficking; 90 training sessions had been held in 2024.  Specialists had been hired to support victims of various forms of trafficking.  The State was also working to align national trafficking legislation with international norms, and various awareness raising campaigns on trafficking were also in place. Involvement in prostitution was an administrative offence; however, victims of trafficking were not prosecuted, but were provided with support.

    Questions by Committee Experts

    A Committee Expert welcomed that legislation was being amended regarding domestic violence, which needed to be made an aggravated circumstance in homicide offences.  What measures were in place to ensure the safety of victims of domestic violence?

    Another Committee Expert commended progress being made related to trafficking and prostitution.

    ELGUN SAFAROV, Committee Expert and Rapporteur for Belarus, asked why there was a shortage of female Belarussian ambassadors.  None of the chambers of Parliament had female chairs; there were no parliamentary committees working to protect women’s rights; and only one out of 24 Ministers was a woman.  Why was this? How many Deputy Ministers were women? To what extent were women represented in the technological sector?

    Many very important non-governmental organizations had been closed recently.  What were the reasons for these closures?  There were reports of repression of women journalists and activists.

    One Committee Expert noted progress made in reducing statelessness through nationalisation efforts. However, 2,473 women remained stateless in the State party.  Were there programmes addressing statelessness?  When would the State party ratify the 1954 and 1967 United Nations conventions on statelessness?  The State party had not established a clear procedure for protecting migrant mothers and newborns.  Would it do so?

    Responses by the Delegation

    The delegation said the law on prevention of violence included a clause on educational programmes for perpetrators. The State party was interested in best practices in this field in other countries.

    Women made up around 70 per cent of Belarus’ Ministry of Foreign Affairs.  At a time, Belarus had four female ambassadors.  Appointment to ambassadorial roles was based on competitive selection and there was a shortage of women applicants.  Women were broadly represented as deputy chairs of parliamentary committees and made up around 50 per cent of the members of local councils. Belarus aimed to improve women’s representation in all fields.

    The Committee’s assessments related to repression were not appropriate.  The protests that took place in Belarus over the reporting period were in many cases not peaceful.  Certain extremist actions were taken by media workers.  The Government was working to increase understanding of the situation.

    In 2023, a new law on the activities of civil society was adopted that required organizations to re-register. Many non-governmental organizations had not completed the new registration procedure and had been shut down. Citizens were entitled to renew the activities of previous non-governmental organizations.

    Belarus strived to eradicate statelessness.  The number of stateless women in Belarus had significantly decreased by around 5,000 persons over the past 10 years, thanks to the work of authorities in collaboration with United Nations bodies.  The State supported stateless persons and their children to apply for Belarussian citizenship.  It was continuing work towards ratification of the United Nations conventions on statelessness.  The Government had not received reports of unlawful treatment of stateless persons. Stateless persons in Belarus were primarily citizens of the former Soviet Union.  Their numbers were low; the number of stateless children was less than 10.  To receive citizenship, people needed to demonstrate that they had sufficient income and had not committed offences.

    Questions by a Committee Expert 

    A Committee Expert said Belarus had near universal enrolment of girls and boys in primary education.  Educational instructions could reproduce harmful tropes of men as breadwinners and women as caregivers.  What measures were in place to enforce the role of men as caregivers? Only 23 per cent of persons in science, technology, engineering and maths education were women.  What measures were in place to promote their participation?  Only 17 per cent of university professors were female.  How would this be addressed?  Many students had been arrested and prosecuted for their engagement in protest movements.  Nine of the 11 students detained were women, including a woman professor.  What was the status of these women?

    Responses by the Delegation

    The delegation said traditional values in Belarus promoted families with children. Many educational programmes aimed to uphold traditional values and promote gender equality and the equal roles of men and women.  Around 52 per cent of higher education students were women.  Around 40 per cent of workers in the information technology sphere were women.  The Government was implementing incentives and other measures to attract girls to science, technology, engineering and maths careers.

    Students were detained on the grounds that they had broken a criminal law.  There was no persecution of students simply for exercising freedom of expression.

    Questions by a Committee Expert

    One Committee Expert said the employment rate of men was 72 per cent compared to 63 per cent for women. Although the list of closed professions for women had been reduced significantly, significant barriers for women accessing the labour market remained, and the list itself was a form of discrimination.  Women were underrepresented in higher-paid industries.  Workplace harassment remained common and legislation did not provide adequate remedies for victims and penalties for perpetrators.  Detained women were legally required to engage in labour; this was a form of modern slavery.  In July 2022, all independent trade unions were banned in Belarus. What protection mechanisms were available related to workplace sexual harassment?  Was there a national action plan for addressing the gender pay gap? When would the State party abolish forced labour for prisoners?

    In 2017, the State introduced pension reform, raising the retirement age.  Many citizens had lost their pensions due to the reforms.  Why did men and women have different pension ages?

    Responses by the Delegation

    The delegation said the rate of employment for women from 15 to 74 was 63 per cent, whereas the employment rate for women of working age was above 80 per cent. Belarus promoted equal pay for work of equal value.  Overall, women earned around 75 per cent of what men earned.  In the transport sector and the agricultural sector, wage gaps were much lower.  The State party was implementing measures to reduce the gender pay gap.  Women were now able to work in professions that were previously not accessible, such as truck drivers.  The State party was encouraging men to take parental leave. Women who experienced workplace harassment could report the incident to local authorities and receive remedies. 

    The Supreme Court had ruled that trade unions were to be closed when their activities were harmful to public interests or State values. The federation of trade unions covered almost all unions in the country.  It promoted general and collective agreements, which provided additional social and labour rights for workers.

    Women earned 92.5 per cent of the pension earned by men. Less than one per cent of the elderly were poor.  Women could continue working after they reached pension age; around 20 per cent of women did so.  The Presidential Decree on Employment did not punish individuals who were not working. Under the decree, women who were not working had the right to access State subsidies.

    The State party was exerting efforts to address the gender pay gap.  The national action plan on gender equality, which was based on the Committee’s previous recommendations, introduced measures to support female entrepreneurs and workers.

    Questions by a Committee Expert

    A Committee Expert said there had been significant advances in the field of public health in Belarus in recent years, but access to medicines was better in cities than in rural areas, and the quality of healthcare had declined nation-wide.  How was the State party supporting equal access to affordable healthcare for women from vulnerable groups?  What measures were in place to remove obstacles to accessing abortions?  Did both men and women need to undergo cancer screenings before they could obtain a driver’s licence?

    Women with disabilities faced barriers in accessing sexual and reproductive health services.  How was the State party meeting the needs of women with disabilities in this regard?  Some women with disabilities had been pressured to hand over their children to the State.  How would the State party address the discrimination faced by women with disabilities?  How did the delegation respond to reports of sterilisation of women with disabilities?

    Women with HIV reportedly faced systematic discrimination in health care.  The Penal Code sanctioned the transmission of HIV regardless of the circumstances. What measures were in place to support women with HIV?  What was the situation of sexual and reproductive health education?

    Responses by the Delegation

    The delegation said that in Belarus, medical assistance for persons with HIV was provided in line with health protocols from 2018 and 2022.  In 2018, Belarus had been certified as being free from mother-to-child transmission of HIV.  There were around 27,000 HIV positive people in the State.  The State party worked closely with non-governmental organizations to provide treatment for HIV positive people.  Around 95 per cent of HIV positive people were receiving retroviral treatment.  Women formerly had to present certificates from gynaecologists to receive a driver’s licence; as of last year, this was no longer necessary.  A draft law had been developed to decriminalise unintentional transmission of HIV.  Penalties for the deliberate transmission of HIV would remain.

    The protection of maternal and child health was a priority for the State.  Women who sought abortions could receive free counselling.  Over five years, these counselling sessions had prevented 23,000 abortions.  Pregnancies were interrupted only when the pregnant woman provided permission.

    All women, including women with disabilities, had access to medical assistance without discrimination.  Resources were set aside to allow for high quality medical care of the population.

    The World Health Organization had highly rated the medical care provided in Belarus.  The assessment that the quality of medical care had declined in recent years was not in line with reality.  Mobile health clinics provided in-home medical care in rural areas.  The State party was addressing shortages in healthcare staff.  It had difficulties in accessing certain types of medications due to sanctions from Western countries.

    Questions by Committee Experts

    A Committee Expert commended measures reforming regulations on universal social protection and access to support funds for entrepreneurs. Were there schemes guiding social protection for workers in the informal sector?  What steps had been taken to incorporate gender considerations into the tax regime?  What percentage of business grants were received by female entrepreneurs over the past five years?  How had technological training helped to bridge gender gaps in digital fields? How was the State party strengthening women’s role in sports and cultural activities and addressing stereotypes related to sports and culture?

    Another Committee Expert congratulated Belarus on co-sponsoring the United Nations Convention against Cybercrime and for implementing measures to protect elder women in digital spheres.  What social security and economic policies were in place for elderly women?  Belarus had a high number of criminal cases related to HIV.  Transmission of HIV was penalised with imprisonment of up to five years.  Was the State party rethinking this law?

    Women with disabilities’ right to work could only be realised after a medical examination.  How would the State party allow for the full realisation of these women’s right to work?

    Women in prisons were reportedly denied access to menstrual products.  How would the State party ensure that all detained women were treated in a dignified manner?  Belarus had in 2022 broadened its definition of pornography to include non-traditional relationships.  How would this affect the lesbian, bisexual, transgender and queer community?  Were the rights of indigenous women considered in plans to develop a second nuclear powerplant in the State? 

    Responses by the Delegation

    The delegation said there were around 400,000 people engaged in entrepreneurship in Belarus, 40 per cent of whom were women.  There was a framework for supporting women entrepreneurs, including in rural areas, and norms and laws aimed to support small businesses. Special taxation measures were provided to women entrepreneurs.  The share of women entrepreneurs had increased by around 10 per cent in recent years.  A State support programme for the unemployed had been established; almost half of all beneficiaries were women.

    In 2023, nine women had been penalised for transmitting HIV and 12 women were penalised in 2022.  The State party was continuing to reduce the stringency of HIV legislation.

    There was a Government mechanism which visited prisons regularly to examine living conditions.  The Attorney-General also monitored compliance with legislation on prisons.  Access to all forms of medical care was granted to detainees.  All detainees could file complaints to courts related to the lawfulness of their detention as well as other problems.  Prisoners who violated prison regimes were placed in solitary confinement.

    The State party had a plan for implementing the Convention on the Rights of Persons with Disabilities.  It supported employers who hired persons with disabilities and provided training to help persons with disabilities access work.  An act on quotas for persons with disabilities in the workplace had been implemented.

    Legislative changes addressed the circulation of products that harmed public morality.  They were not expected to have an impact on the lesbian, bisexual, transgender and intersex community.  People could choose the type of relationship they had.

    The impact on human health of the State’s nuclear power plants was negligible.  Belarus upheld the highest standards of safety.

    Women were being encouraged to participate in sports traditionally favoured by men.

    Questions by a Committee Expert

    ELGUN SAFAROV, Committee Expert and Rapporteur for Belarus, asked if the State party had statistics on the amount of property inherited by women.  How did courts protect women’s property rights in divorce proceedings? How were children’s rights protected in international adoption proceedings?  The dialogue and the Committee’s recommendations would help with protecting the rights of women in Belarus.

    Responses by the Delegation

    The delegation said Belarus’ legislation on divorce promoted the best interests of the child.  Mediation was increasingly used in custody cases.  The interests of the mother and father were duly protected.  Belarus worked with several States on regulating international adoptions.  The State party monitored families who had adopted Belarussian children to ensure that their rights were upheld.

    Concluding Remarks

    LARYSA BELSKAYA, Permanent Representative of Belarus to the United Nations Office at Geneva and head of the delegation, thanked the Committee for the dialogue. Belarus had achieved much in terms of gender equality and empowering women.  The discussion helped the State party to identify the remaining issues to be addressed.  The Belarussian population supported the State’s measures, but there was more to be done.  The Committee’s recommendations would be carefully considered by the National Council on Gender Equality and used to construct the next national action plan on gender equality

    NAHLA HAIDAR, Committee Chair, thanked the delegation for its engagement with the Committee.  The dialogue had provided insights into the achievements made in Belarus and the areas in which further progress was needed.  The Committee commended the State party for its efforts and encouraged it to implement the Committee’s recommendations for the benefit of all women and girls in Belarus.

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CEDAW25.004E

    MIL OSI United Nations News

  • MIL-Evening Report: Current cultural citizens: the importance of creating spaces in art galleries for young people

    Source: The Conversation (Au and NZ) – By Naomi Zouwer, Visual Artist and Lecturer in Teacher Education, University of Canberra

    Galleries and art museums can be intimidating and alienating even for adults. Imagine it from a child’s point of view. Stern security guards in uniforms stationed the doors, bags checked, snacks banned and people hushed. It’s no wonder that kids groan when an excursion to the gallery comes up.

    An increasing number of galleries are rethinking their approach, asking what it takes to be welcoming and engaging for the younger generation. Children should be welcomed and visible in gallery spaces. Their experiences now shape the citizens they will become in the future. Viewing art helps develop their identity and creativity, and a more nuanced understanding of the world.

    The first step in making change is to recognise that children are current and active cultural citizens who can offer valuable perspectives, ideas and youthful energy. Through thoughtful design and programming, the younger generation is told their presence in the gallery is valued.

    Here are some ways galleries are rising to the challenge and making children more welcome – and more valued – in our cultural spaces.

    Setting the tone

    The entrance to a gallery sets the tone for a young visitor. Are they greeted warmly and made to feel welcome, or does their arrival feel like an intrusion?

    Some simple adjustments such as less intimidating bag checks, clear signage, and designated stroller parking create a more welcoming environment. Replacing uniformed security guards with friendly guides and training reception staff to acknowledge and engage with young visitors make a huge difference.

    Visitors in Obliteration Room 2002, the Kids for Kusama exhibition at NGV International, Melbourne until 21 April 2025. © YAYOI KUSAMA.
    Photo: Eugene Hyland

    Inciting curiosity and interaction at the front door is another way to invite children into the space. Displaying eye-catching and intriguing sculptural works at the entry or in the foyer builds a sense of anticipation and interest.

    The iconic water wall at the National Gallery of Victoria signals to children that there are wonders to touch and explore inside.

    Children don’t come alone

    Children come to galleries with parents, siblings, schools or community groups. Galleries that consider how these varied age groups move through the space can greatly enhance the overall experience.

    Programming designed with the whole family in mind means parents and kids can share cultural experiences. Well designed workshops, interactive exhibits and events appeal to mixed aged groups.

    Lucky Lartey and friends perform as part of the Hive Festival 2024 at the Art Gallery of New South Wales.
    Photo © Art Gallery of New South Wales, Christopher Snee

    The Art Gallery of New South Wales regularly stages all-ages concerts with popular DJs and live music, building positive associations with the gallery for the whole family.

    Incorporating a variety of spaces and experiences extend the duration and frequency of family visits. Some children need low sensory sessions with reduced stimuli to enjoy their visit. Others can use adjacent outdoor spaces and robust sculpture gardens to burn off excess energy, share lunch or even splash in some pink water.

    Is there a place for me?

    Does your local gallery have a dedicated children’s gallery?

    These spaces are designed with kids in mind, engaging the senses and creating participatory ways of experiencing art. The way children encounter the work helps young children learn about the diverse and creative approaches and perspectives of artists in an engaging context.

    The interactive experiences and programming mean children can explore their imagination and creativity and form a personal connections with the arts.

    What about the older kids? Can they see themselves in the gallery? Teens need to connect, collaborate and to be included in cultural narratives in ways that are relevant to them.

    Programs tailored for teens, such as workshops or art-making sessions, move beyond passive observation and encourage self expression and participation.

    Installation view of Top Arts 2024 on display at The Ian Potter Centre: NGV Australia from 14 March to 14 July.
    Photo: Kate Shanasy

    Ambitious teen programs, like the out-of-hours teen parties in the National Gallery of Victoria or the youth council at the National Gallery of Australia, empower young people to interact with art and the institution in ways that are meaningful for them.

    Exhibiting the best artwork from the year 12 graduating students is another effective way to demonstrate to teens their perspectives and presence matters. Seeing creative work by their age group displayed in a gallery builds confidence and demonstrates to older adults how much the younger generation have to contribute.

    Growing lifelong learners

    Galleries are unique learning environments, able to engage with and activate the school curriculum and develop essential skills like social and emotional capabilities and creative and critical thinking skills.

    New institutions can consider how to meaningfully engage with children in the design phase, but even existing galleries can reconfigure and retrofit their spaces and exhibitions to enable kids to learn.

    Neo at the Art Gallery of South Australia, Adelaide.
    Photo: Sam Roberts

    Specifically designed studios, creative technology, classrooms and presentation areas open the doors to cultural exploration. Positive exposure fosters a sense of stewardship ensuring that future generations value and support the arts.

    Galleries are doing a great job welcoming kids but even more can be done. By embracing children as current cultural citizens, galleries can create a more inclusive, creative, and culturally aware society.

    Intentionally designed spaces and programming ensure that children are not only welcomed but inspired to return – again and again – throughout their lives.

    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. Current cultural citizens: the importance of creating spaces in art galleries for young people – https://theconversation.com/current-cultural-citizens-the-importance-of-creating-spaces-in-art-galleries-for-young-people-235599

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’

    Source: The Conversation (Au and NZ) – By Kerrie Sadiq, Professor of Taxation, QUT Business School, and ARC Future Fellow, Queensland University of Technology

    The Reserve Bank of Australia (RBA) released a discussion paper this week on investment tax breaks. The study looks at whether tax incentives, such as instant asset write-offs for utes, boost business investment.

    Business investment is an important contributor to overall economic growth, and has been sluggish in recent years.

    The authors conclude the evidence for these tax breaks is “mixed at best”. They say that income tax breaks used during the global financial crisis increased investment significantly, however:

    [there is] no substantial evidence that other policies, including those implemented during the pandemic, increased investment.

    In an election year, further promises of tax breaks for businesses are likely. The Coalition has already announced a tax break for meals and entertainment. But are they a good idea, and at what cost do these promises come?

    Small business in Australia

    Small businesses with fewer than 20 employees make up 97% of all Australian businesses. More than 92% of Australian businesses have an annual turnover of less than A$2 million. It is these businesses that are doing it tough.

    These businesses are offered tax breaks for spending on capital assets such as equipment or vehicles. For the 2023-24 tax year, they can immediately write off the cost of eligible assets up to $20,000. In the May 2024 Budget, the government announced that the tax break would be extended to the 2024-25 tax year.

    When a small business is operated as a company, the base tax rate is 25%. This effectively means that the business still contributes 75% of the cost of the asset. This requires businesses to have the cash flow to invest. Even if there is cash flow, businesses may not want to spend on large purchases.

    It’s a question of trade-offs

    Investment tax breaks are also costly in terms of government tax revenue. Each year, the Treasury estimates the cost of tax breaks. These tax breaks are known as tax expenditures.

    For the 2023-34 tax year, the instant write-off tax break for small businesses is estimated to cost more than $4 billion by reducing taxes collected.

    Tax expenditures are normally designed to offer incentives to one group of taxpayers. However, they come at the expense of broader groups of taxpayers and at a cost of lost revenue to the government. This is money that could be spent through direct spending programs.

    Tax expenditures can be thought of as government spending programs hidden in plain sight.

    The true cost of tax breaks

    Tax expenditures play a central role in Australia’s collection of taxes and redistribution. During the pandemic, the instant asset write-off was increased to $150,000.

    The current government introduced the latest instant asset write-off to improve cash flow and reduce compliance costs for small business. As the RBA discussion paper notes, these types of incentives are also designed to encourage additional business investment.

    However, that study indicates this is not being achieved. They suggest the reasons may be the tax policies themselves or differences in the economic environment. Put simply, businesses may not want to invest.

    If the stated benefits are not realised, the result is less tax collected. Take the $4 billion cost above. Without the incentive, the government would have an additional $4 billion to spend. The $4 billion in 2023-24 could have been directed to funding small businesses through a direct spending program.

    Targeted programs

    The RBA discussion paper highlights the need to determine whether investment tax breaks achieve their intended benefits. Many factors must be considered, and assessing the influence on the economy is vital.

    However, evaluating these measures within the tax system means that important questions are not asked. This includes whether the benefits are distributed fairly, whether the program targets the right group of taxpayers, and whether there are unintended distorting effects.

    The latest Treasury Tax Expenditures and Insights Statement provides data on 307 separate measures. This number continues to grow.

    The government’s “Future Made in Australia” contains two examples. Its economic plan to support Australia’s transition to a net zero economy contains two tax incentives, one for hydrogen production and another for critical minerals.

    The proposed hydrogen production tax incentive is estimated at a cost to the budget of $6.7 billion over ten years. The measure will provide a $2 incentive per kilogram of renewable hydrogen produced for up to ten years. Eligible companies will get a credit against their income tax liability.

    The proposed critical minerals production tax incentive is estimated to cost the budget $7 billion over ten years. Eligible companies will get a refundable tax offset of 10% of certain expenses relating to processing and refining 31 critical minerals listed in Australia.

    Support for tax breaks

    Tax breaks for businesses, such as the immediate write-off, disproportionately benefit those that spend. Often, this is by design. If this is a government objective, supported by the general population, then it is viewed as a good use of public money.

    The same principle applies to tax breaks in the Government’s Future Made in Australia plan. A government objective is to transition to a net zero economy. A stated priority is to attract “investment to make Australia a leader in renewable energy, adding value to our natural resources and strengthening economic activity”.

    The question remains as to whether tax breaks are the best way to achieve this. The answer often changes when viewed as a direct spending program.

    Kerrie Sadiq currently receives funding from the Australian Research Council. She has previously received research grants from CPA and CAANZ.

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

    ref. Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’ – https://theconversation.com/do-investment-tax-breaks-work-a-new-study-finds-the-evidence-is-mixed-at-best-249148

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Whalesong patterns follow a universal law of human language, new research finds

    Source: The Conversation (Au and NZ) – By Jenny Allen, Postdoctoral research associate, Griffith University

    A humpback whale mother and calf on the New Caledonian breeding grounds.

    Mark Quintin

    All known human languages display a surprising pattern: the most frequent word in a language is twice as frequent as the second most frequent, three times as frequent as the third, and so on. This is known as Zipf’s law.

    Researchers have hunted for evidence of this pattern in communication among other species, but until now no other examples have been found.

    In new research published today in Science, our team of experts in whale song, linguistics and developmental psychology analysed eight years’ of song recordings from humpback whales in New Caledonia. Led by Inbal Arnon from the Hebrew University, Ellen Garland from the University of St Andrews, and Simon Kirby from the University of Edinburgh, We used techniques inspired by the way human infants learn language to analyse humpback whale song.

    We discovered that the same Zipfian pattern universally found across human languages also occurs in whale song. This complex signalling system, like human language, is culturally learned by each individual from others.

    Learning like an infant

    When infant humans are learning, they have to somehow discover where words start and end. Speech is continuous and does not come with gaps between words that they can use. So how do they break into language?

    Thirty years of research has revealed that they do this by listening for sounds that are surprising in context: sounds within words are relatively predictable, but between words are relatively unpredictable. We analysed the whale song data using the same procedure.

    A breaching humpback whale in New Caledonia.
    Operation Cetaces

    Unexpectedly, using this technique revealed in whale song the same statistical properties that are found in all languages. It turns out both human language and whale song have statistically coherent parts.

    In other words, they both contain recurring parts where the transitions between elements are more predictable within the part. Moreover, these recurring sub-sequences we detected follow the Zipfian frequency distribution found across all human languages, and not found before in other species.

    Whale song recording (2017)
    Operation Cetaces916 KB (download)
    Close analysis of whale song revealed statistical structures similar to those found in human language.
    Operation Cetaces

    How do the same statistical properties arise in two evolutionarily distant species that differ from one another in so many ways? We suggest we found these similarities because humans and whales share a learning mechanism: culture.

    A cultural origin

    Our findings raise an exciting question: why would such different systems in such incredibly distant species have common structures? We suggest the reason behind this is that both are culturally learned.

    Cultural evolution inevitably leads to the emergence of properties that make learning easier. If a system is hard to learn, it will not survive to the next generation of learners.

    There is growing evidence from experiments with humans that having statistically coherent parts, and having them follow a Zipfian distribution, makes learning easier. This suggests that learning and transmission play an important role in how these properties emerged in both human language and whale song.

    So can we talk to whales now?

    Finding parallel structures between whale song and human language may also lead to another question: can we talk to whales now? The short answer is no, not at all.

    Our study does not examine the meaning behind whale song sequences. We have no idea what these segments might mean to the whales, if they mean anything at all.

    A competitive pod of humpback whales on the New Caledonian breeding grounds.
    Operation Cetaces

    It might help to think about it like instrumental music, as music also contains similar structures. A melody can be learned, repeated, and spread – but that doesn’t give meaning to the musical notes in the same way that individual words have meaning.

    Next up: birdsong

    Our work also makes a bold prediction: we should find this Zipfian distribution wherever complex communication is transmitted culturally. Humans and whales are not the only species that do this.

    We find what is known as “vocal production learning” in an unusual range of species across the animal kingdom. Song birds in particular may provide the best place to look as many bird species culturally learn their songs, and unlike in whales, we know a lot about precisely how birds learn song.

    Equally, we expect not to find these statistical properties in the communication of species that don’t transmit complex communication by learning. This will help to reveal whether cultural evolution is the common driver of these properties between humans and whales.

    Ellen Garland received funding from the following grants for this work:
    Royal Society University Research Fellowship (UF160081 and
    URFR221020), Royal Society Research Fellows Enhancement
    Award (RGFEA180213), Royal Society Research Grants for
    Research Fellows 2018 (RGFR1181014), National Geographic
    Grant (NGS-50654R-18), Carnegie Trust Research Incentive Grant
    (RIG007772), British Ecological Society Small Research Grant
    (SR18/1288), and School of Biology Research Committee funding.

    Inbal Arnon, Jenny Allen, and Simon Kirby 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. Whalesong patterns follow a universal law of human language, new research finds – https://theconversation.com/whalesong-patterns-follow-a-universal-law-of-human-language-new-research-finds-249271

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI NGOs: Tunisia: Authorities step up crackdown on LGBTI individuals with wave of arrests

    Source: Amnesty International –

    Authorities in Tunisia have stepped up their crackdown on LGBTI individuals, carrying out dozens of arrests over recent months, said Amnesty International today.

    Between 26 September 2024 and 31 January 2025 at least 84 people in the cities of Tunis, Hammamet, Sousse and El Kef – mainly gay men and trans women – were arrested, arbitrarily detained and unjustly prosecuted solely based on their actual or perceived sexual orientation or gender identity, according to the Tunisian NGO Damj Association for Justice and Equality.

    “The recent spike in arrests targeting LGBTI people is an alarming setback for human rights in Tunisia. No one should face arrest, prosecution or imprisonment based on their sexual orientation or gender identity. Instead of harassing individuals based on gender stereotypes and deeply entrenched homophobic attitudes, the Tunisian authorities must immediately and unconditionally release anyone detained because of their actual or perceived sexual orientation or gender identity and introduce safeguards to protect the rights of LGBTI people,” said Diana Eltahawy, Deputy Regional Director for the Middle East and North Africa at Amnesty International.

    Amnesty International interviewed four LGBTI rights activists and three lawyers representing individuals arrested between September and December 2024 for their actual or perceived sexual orientation or gender identity. The organization also reviewed legal documents, and official statements.

    The recent spike in arrests targeting LGBTI people is an alarming setback for human rights in Tunisia. No one should face arrest, prosecution or imprisonment based on their sexual orientation or gender identity.

    Diana Eltahawy, Amnesty International

    Wave of arrests

    The wave of arrests followed a large-scale online campaign that began on 13 September 2024, which saw homophobic and transphobic hate speech and discriminatory rhetoric against LGBTI activists and organizations spreading across hundreds of social media pages, including those espousing support for the Tunisian President Kais Said. Traditional media outlets also broadcast inflammatory messages by popular TV and radio hosts attacking LGBTI organizations, calling for their dissolution and for the arrests of LGBTI activists.

    Saif Ayadi, queer activist and head of programs at Damj, fears that the actual number of LGBTI people arrested and prosecuted is higher than the numbers Damj was able to document. He explained: “Our numbers are based on the direct assistance we provide to members of the community including legal assistance; it is not exhaustive. We estimate the real number to be at least three times higher because when we used to have access to official numbers of prosecutions a few years ago, we found that the on average our documentation only covers at most a third of the people affected.”

    Gay men and transgender people in Tunisia are often arrested based on gender stereotypes, behaviour or physical appearance. According to lawyers who represent LGBTI individuals, frequently digital evidence unlawfully seized from their devices after the arrests is used to prosecute them. Most of those arrested, report to their lawyers having their phones confiscated and illegally searched by police officers.

    The criminalization of consensual same-sex relations makes LGBTI people vulnerable to violence and abuse by the police, who often exploit their fear of arrest and prosecution and subject them to blackmail, extortion and, at times, sexual abuse. In some cases, those arrested were victims of entrapment and phishing on social media and dating applications by security officers. Some individuals reported to Damj being entrapped by security forces impersonating LGBTI people on social media and same-sex dating applications, to extort and blackmail them including through threats of outing, doxxing or arrest including for “soliciting prostitution online”. Lawyers have also reported on an increase in police raids without warrants on homes of LGBTI people during 2024.

    Abusive prosecutions on “morality” and “indecency” grounds

    Those arrested have been detained and prosecuted under Article 230, which criminalizes same-sex relations (for “sodomy and lesbianism”), and/or Articles 226 and 226 bis of the Penal Code, which criminalize “indecency” and acts deemed to be offensive to “public morals”. Article 230 provides for up to three years’ imprisonment and a fine while Articles 226 and 226 bis provide for up to six months’ imprisonment.

    “Articles in the penal code that criminalize ‘public indecency’ or acts deemed to be ‘against good morals or public morality’ are particularly dangerous as they are overly broad, vague and do not meet the principle of legality, allowing for a wide scope of interpretation and inconsistency. These overbroad provisions and their subjective and discretionary application allow law enforcement to carry out sweeping arrests of individuals simply for failing to adhere to gender norms or having a non-conforming gender appearance or expression,” said Diana Eltahawy.

    On 27 October 2024, the justice ministry issued a statement condemning the increasing use of social media platforms such as TikTok and Instagram to spread content “contrary to public morals”, urging prosecutors to “take necessary judicial measures and launch investigations against anyone producing, displaying or publishing data, images and video clips with content that undermines moral values”. According to Damj, the ministry’s statement sparked a campaign against LGBTI individuals.

    A few days after this statement, five content creators, including Khoubaib, who is gender non-conforming, were arrested and charged with “public indecency, dissemination of content contrary to good morals” among other charges. They were convicted and sentenced on 31 October 2024 to prison terms of up to four and a half years. Upon their appeal, on 5 February, the convictions were upheld and four were released after their sentences were reduced. The fifth defendant who is gender non-confirming remains imprisoned as he was sentenced to a two-year prison term and a 1,000 dinar fine under Article 234 of the penal code for “violating morals by inciting minors to debauchery ” over videos that he created and posted on social media.

    Forced anal ‘examinations’ amounting to torture

    Men accused of engaging in same-sex relations are routinely subjected to forced anal “examinations” by medical doctors. Amnesty International considers forced anal examinations a form of torture. The Tunisian authorities must halt all such examinations immediately.

    On 3 December 2024, the El Kef Court of First Instance sentenced two men to one year imprisonment under Article 230. Both were subjected to forced anal examinations to obtain “proof” of same-sex sexual activity.

    Targeting to LGBTI activists

    LGBTI activists and associations have also faced increasing harassment by authorities. Queer activists Saif Ayadi, Assala Madoukhi and Mira Ben Salah were summoned for questioning several times, most recently in October and November 2024.  Police interrogated them about their activism, their work with civil society organizations and their participation in protests. Mira Ben Salah, who is a trans activist and the coordinator of Damj’s office in Sfax, was subject to repeated interrogation in relation to the organization’s work, including with migrants and refugees. Mira is facing multiple charges in connection with her work with Damj and is awaiting the outcome of the investigation.

    In July 2023 and February 2024, Mira Ben Salah filed complaints with the Public Prosecutor at the Court of First Instance in Sfax over her repeated harassment by police. She told Amnesty international: “I have been summoned and questioned so many times because of my work and my activism but when I filed complaints for harassment, threats and violence that I faced they don’t call me to testify nor take my complaints seriously.”  She added that while the authorities’ investigation against her was progressing swiftly, the investigation into her own complaints has not made any progress.

    MIL OSI NGO

  • MIL-OSI Asia-Pac: Bali Jatra commemorates rich maritime heritage and culture of Odisha

    Source: Government of India

    Posted On: 06 FEB 2025 5:53PM by PIB Delhi

    Bali Jatra is a festival that commemorates the maritime trade and cultural exchange between Odisha and Southeast Asian countries, particularly Bali. The festival is celebrated annually in Cuttack, Odisha, and attracts million of visitors. The term Bali Jatra literally means ‘Voyage to Bali’. Every year Kartika Purnima marks the day that the seafaring traders departed for the Indonesian islands. For this festival, people of Odisha gather in large numbers in colourful attire to celebrate their glorious maritime history. The celebration features grand fairs, elaborate rides, food and dance. Indian women perform ‘Boita Bandana’, they make boats of paper or banana leaf (sholapith) with lighted lamps inside and float them down the Mahanadi as a part of the celebrations. The Bali Jatra celebrates the ingenuity and skill of those expert sailors who made Kalinga, one of the most prosperous empires of its time.

    The festival is organized by Department of Culture and Tourism, Govt. of Odisha. Eastern Zonal Cultural Centre (EZCC), Kolkata, an autonomous organization under Ministry of Culture, participates in this event by way of providing cultural troupes during the Jatra for organizing cultural programmes, the details of which are as under:

     

    Year

    Name of the programme

    Date

    Venue

    Art form presented

    2022-23

    BaliJatra Cuttack Utsav – 2022

    8 to 16 Nov, 2022

    Cuttack

    Bihu, Nagara, Kuchipudi, Purulia Chhau, & Jhumar Dance

    2023-24

    BaliJatra Cuttack Utsav – 2023

    27 Nov to 4 Dec, 2023

    Cuttack

    Purulia Chhau, Paika, Contemporary Dance & Odissi

    2024-25

    BaliJatra Cuttack Utsav – 2024

    15 to 22 Nov, 2024

    Cuttack

    Bihu, Kathak, Purulia Chhau& Ruff/ Dogri

     

    Under Azadi Ka Amrit Mahotsav, a three-day National Dhara event ‘Samudramanthan’ was organized at the Odisha Maritime Museum at Cuttack to focus on the State’s glorious seafaring history, coinciding with the inauguration of the historic Bali Jatra. The event included panel and round-table discussions on the country’s maritime history locations, traditions, ship building, navigation, trade and cultural exchange, maritime security and international law.

    The Jatra facilitates cultural exchange between Odisha and other States, promoting cross-cultural understanding. The Jatra also provides a platform for traditional Odia artists, craftsmen and musicians to showcase their skills which help to revive and promote Odia Culture.

    This information was given by Union Minister for Culture and Tourism Shri Gajendra Singh Shekhawat in a written reply in Rajya Sabha today.

    ***

    Sunil Kumar Tiwari

    E-mail: – pibculture[at]gmail[dot]com

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  • MIL-OSI Asia-Pac: Mahakumbh 2025: Following the Basant Panchami Amrit Snan, Grand Cultural Event to be organised at Ganga Pandal in Prayagraj from 7th – 10th February

    Source: Government of India (2)

    Posted On: 06 FEB 2025 8:08PM by PIB Delhi

    The Ministry of Culture is set to organize a gram cultural event at the Ganga Pandal, at the Mahakumbh 2025 in Prayagraj. It will see renowned artists from across the country mesmerize devotees with grand presentations of music, dance, and art from 7th – 10th February.

    The main highlights of the event would include performances by famous artists like Odissi dancer Dona Ganguly on 7th; Renowned singer Kavita Krishnamurti and Dr. L. Subramaniam on 8th; Suresh Wadkar and Sonal Mansingh on 9th; and, On 10th, celebrated singer Hariharan.

    In addition, prominent artists from various Indian classical dance and music traditions will make the evening at the Mahakumbh musical and grand.

    Cultural Programme Schedule at Ganga Pandal:

    February 7:

     

    – Dona Ganguly (Kolkata) – Odissi Dance

    – Yogesh Gandharv & Abha Gandharv – Sufi Singing

    – Suma Sudhindra (Karnataka) – Carnatic Singing

    – Dr. Devki Nandan Sharma (Mathura) – Rasleela

     

    February 8:

     

    – Kavita Krishnamurti & Dr. L. Subramaniam – Light Music

    – Preeti Patel (Kolkata) – Manipuri Dance

    – Narendra Nath (West Bengal) – Sarod Performance

    – Dr. Devki Nandan Sharma (Mathura) – Rasleela

     

    February 9:

    – Suresh Wadekar – Light Music

    – Padma Shri Madhup Mudgal (New Delhi) – Hindustani Classical Music

    – Sonal Mansingh (New Delhi) – Odissi Dance

    – Dr. Devki Nandan Sharma (Mathura) – Rasleela

     

    February 10:

    – Hariharan – Light Music

    – Shubhada Varadkar (Mumbai) – Odissi Dance

    – Sudha (Tamil Nadu) – Carnatic Music

     

    Maha Kumbh 2025 is not only a grand festival of devotion and faith, but it is also establishing itself as a global platform for Indian culture, music, dance, and literature. The events at the Ganga Pandal will present a living form of India’s rich cultural traditions, allowing devotees to experience this magnificent festival in both spiritual and cultural forms.

    *****

    AD/VM

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  • MIL-OSI Asia-Pac: WAVES VFX Challenge

    Source: Government of India

    WAVES VFX Challenge

    Compete, Create, and Conquer in the Ultimate VFX Showdown

    Posted On: 06 FEB 2025 7:47PM by PIB Delhi

    Compete, Create, and Conquer in the Ultimate VFX Showdown           

    Introduction

    The World Audio Visual & Entertainment Summit (WAVES) serves as a premier platform to foster discussions, collaborations, and innovation in the Media & Entertainment (M&E) industry. Organised by the Ministry of Information & Broadcasting, WAVES brings together industry leaders, stakeholders, and global participants to shape the sector’s future and promote trade opportunities in India.

    A key highlight of WAVES is the Create in India Challenges, which have received over 70,000 registrations and launched 31 competitions aimed at fostering creativity and innovation. Out of these, 25 challenges remain open for participation, with 22 attracting global entries.

    WAVES VFX Challenge (WAFX Competition)

    The WAVES VFX Challenge (WAFX) is India’s premier nationwide search for top VFX talent. Organised in partnership with the Ministry of Information & Broadcasting and ABAI, it marks a milestone in India’s creative landscape under the inaugural Create in India Season 1.

    Competition Overview

     

     

    Theme: Daily Life Superhero

    The contest theme revolves around ‘Daily Life Super Heroes’. Participants are invited to create visual effects sequences or short films that showcase superheroes tackling mundane tasks with humour and creativity. Think of superheroes helping out with household chores, daily commutes, or solving everyday problems in creative and humorous ways

    Categories

    • Student Category: Open to school and university students (proof of enrolment required).
    • Professional Category: Open to working professionals in VFX, animation, and filmmaking (including freelancers and studio artists).

    Competition Structure

    1. Qualifier Round

    • Registration: Participants select their zone and submit a 30-second VFX video based on the theme “Daily Life Superhero.”
    • Selection: A jury will shortlist top 10 students and 10 professionals per zone for the Zonal Contests.

    2. Zonal Contests

    • Zonal Contest Locations: Chandigarh (North Zone), Mumbai (West Zone), Kolkata (East Zone), Bengaluru (South Zone).
    • Live competition (10-hour challenge) in selected cities.
    • Contestants create a VFX reel using provided stock videos, 3D assets, and FX libraries.
    • Winners per category receive an all-expenses-paid opportunity to compete in the Grand Finale at WAVES 2025.

    3. Grand Finale

    • Zonal winners compete in a 24-hour challenge at WAVES 2025.
    • Contestants utilise green matte screens, 3D assets, and FX libraries to create a VFX shot.
    • Grand Champion in each category wins a cash prize and exclusive goodies.

    Registration

    Interested participants can register here and be part of India’s biggest VFX challenge at WAVES 2025!

     

    References:

    1. https://wavesindia.org/challenges-2025
    2. https://wafx.abai.avgc.in/
    3. https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2096792

    Click here to see in PDF:

    Santosh Kumar/ Sarla Meena/ Saurabh Kalia

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  • MIL-OSI Asia-Pac: Recognition of Bali Jatra as A National Fair

    Source: Government of India (2)

    Posted On: 06 FEB 2025 5:53PM by PIB Delhi

    Bali Jatra is a festival that commemorates the maritime trade and cultural exchange between Odisha and Southeast Asian countries, particularly Bali. The festival is celebrated annually in Cuttack, Odisha, and attracts million of visitors. The term Bali Jatra literally means ‘Voyage to Bali’. Every year Kartika Purnima marks the day that the seafaring traders departed for the Indonesian islands. For this festival, people of Odisha gather in large numbers in colourful attire to celebrate their glorious maritime history. The celebration features grand fairs, elaborate rides, food and dance. Indian women perform ‘Boita Bandana’, they make boats of paper or banana leaf (sholapith) with lighted lamps inside and float them down the Mahanadi as a part of the celebrations. The Bali Jatra celebrates the ingenuity and skill of those expert sailors who made Kalinga, one of the most prosperous empires of its time.

    The festival is organized by Department of Culture and Tourism, Govt. of Odisha. Eastern Zonal Cultural Centre (EZCC), Kolkata, an autonomous organization under Ministry of Culture, participates in this event by way of providing cultural troupes during the Jatra for organizing cultural programmes, the details of which are as under:

     

    Year

    Name of the programme

    Date

    Venue

    Art form presented

    2022-23

    BaliJatra Cuttack Utsav – 2022

    8 to 16 Nov, 2022

    Cuttack

    Bihu, Nagara, Kuchipudi, Purulia Chhau, & Jhumar Dance

    2023-24

    BaliJatra Cuttack Utsav – 2023

    27 Nov to 4 Dec, 2023

    Cuttack

    Purulia Chhau, Paika, Contemporary Dance & Odissi

    2024-25

    BaliJatra Cuttack Utsav – 2024

    15 to 22 Nov, 2024

    Cuttack

    Bihu, Kathak, Purulia Chhau& Ruff/ Dogri

     

    Under Azadi Ka Amrit Mahotsav, a three-day National Dhara event ‘Samudramanthan’ was organized at the Odisha Maritime Museum at Cuttack to focus on the State’s glorious seafaring history, coinciding with the inauguration of the historic Bali Jatra. The event included panel and round-table discussions on the country’s maritime history locations, traditions, ship building, navigation, trade and cultural exchange, maritime security and international law.

    The Jatra facilitates cultural exchange between Odisha and other States, promoting cross-cultural understanding. The Jatra also provides a platform for traditional Odia artists, craftsmen and musicians to showcase their skills which help to revive and promote Odia Culture.

    This information was given by Union Minister for Culture and Tourism Shri Gajendra Singh Shekhawat in a written reply in Rajya Sabha today.

    ***

    Sunil Kumar Tiwari

    E-mail: – pibculture[at]gmail[dot]com

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  • MIL-OSI Asia-Pac: Financial Assistance for Promotion of Guru-Shishya Parampara

    Source: Government of India (2)

    Posted On: 06 FEB 2025 5:49PM by PIB Delhi

    Ministry of Culture implements a Central Sector scheme by the name of ‘Financial Assistance for Promotion of Guru-Shishya Parampara (Repertory Grant)’. Under this scheme, financial assistance is provided to eligible cultural organizations engaged in performing arts activities like music, dance, theatre, folk art, etc. for imparting training to artists/shishyas by their respective Guru on regular basis in line with Guru–Shishya Parampara across the country. The details of scheme are given at Annexure – I.

    As per the scheme guidelines of Guru-Shishya Parampara (Repertory Grant), the organizations seeking grants are required to submit their applications/proposals every year, for its renewal as well as fresh selection. The applications / proposals, complete in all respect are reviewed by the Expert Committee constituted by the Ministry for the purpose. The Expert Committee gives its recommendations taking the provisions of scheme guidelines, cultural performances / activities / resources of the organizations, justification for financial support, interaction with the Guru/representative of the organization, etc. into consideration.

    The Guru-Shishya Parampara (Repertory Grant) has been encouraging artists in the field of dance, music and theatre by providing financial assistance to shishyas of age 3 years and above. Further, every year, along with Renewal category, applications are also invited from new organizations under ‘Fresh category’ to encourage emerging artists in the field of performing arts including traditional art forms.

    The state-wise details of number of Gurus and Shishyas provided with financial assistance under Guru-Shishya Parampara (Repertory Grant) scheme during last three years is given at Annexure – II.

    This information was given by Union Minister for Culture and Tourism Shri Gajendra Singh Shekhawat in a written reply in Rajya Sabha today.

    ***

    Sunil Kumar Tiwari

    E-mail: – pibculture[at]gmail[dot]com

     

    Annexure – I

     

    Financial Assistance for Promotion of Guru-Shishya Parampara (Repertory Grant)

               

    Scheme: Financial Assistance for Promotion of Guru-Shishya Parampara (Repertory Grant) is a Central Sector Scheme of Ministry of Culture. This scheme is a sub-scheme of an Umbrella scheme ‘Kala Sanskriti Vikas Yojana (KSVY).

     

    Objective: The objective of this scheme is to provide financial assistance to cultural organizations working in the field of performing arts activities like dramatic / theatre groups, music ensembles, children theatre, Dance groups etc. for imparting training to shishyas by their respective Guru on regular basis in line with ancient Guru–Shishya Parampara.

    As per the scheme, financial assistance is provided to 1 Guru and maximum 18 Shishyas in the field of theatre and 1 Guru and maximum 10 Shishyas in the field of music & dance.

     

    Quantum of Assistance: Assistance for each Guru/Director is @ Rs.15,000/- (Rupees fifteen thousand only) per month whereas in respect of each Shishya/Artist the same is as under: –

     

    Sl.

    No.

    Categories of shishya/ artist

    Age Group

    Amount of assistance/ honorarium per month

     

    (a) Adult shishya/artist

    (18 years age and above)

    Rs.10,000/- (Rupees Ten thousand only)

     

    (b) ‘A’ category child shishya/ artist

    (12-<18 years age)

    Rs.7,500/- (Rupees seven thousand five hundred only)

     

    (c) ‘B’ category child shishya/ artist

    (6-<12 years age)

    Rs.3,500/- (Rupees three thousand and five hundred only)

     

    (d) ‘C’ category child shishya/ artist

    (3-<6 years age)

    Rs.2,000/- (Rupees two thousand only)

    Annexure – II

     

    Sl.

    No.

    State/UT

    Financial Year

    2021-2022

    2022-2023

    2023-2024

    Number of

    Guru

    Number of Shishya

    Number of

    Guru

    Number of Shishya

    Number of

    Guru

    Number of Shishya

    1.  

    Andhra Pradesh

    13

    30

    19

    38

    20

    51

    1.  

    Arunachal Pradesh

    1

    2

    1.  

    Assam

    35

    256

    37

    256

    44

    272

    1.  

    Bihar

    76

    488

    94

    516

    116

    582

    1.  

    Chandigarh

    5

    62

    7

    65

    11

    74

    1.  

    Chhattisgarh

    3

    19

    3

    19

    4

    16

    1.  

    Delhi

    95

    830

    105

    791

    125

    798

    1.  

    Gujarat

    8

    52

    12

    42

    13

    46

    1.  

    Haryana

    15

    90

    18

    93

    20

    97

    1.  

    Himachal Pradesh

    4

    52

    4

    52

    6

    57

    1.  

    Jammu & Kashmir

    25

    134

    29

    143

    44

    177

    1.  

    Jharkhand

    10

    69

    15

    78

    14

    80

    1.  

    Karnataka

    133

    801

    152

    822

    214

    954

    1.  

    Kerala

    22

    187

    23

    189

    27

    176

    1.  

    Madhya Pradesh

    61

    590

    96

    658

    110

    662

    1.  

    Maharashtra

    49

    414

    82

    465

    96

    509

    1.  

    Manipur

    149

    980

    172

    1017

    202

    1009

    1.  

    Mizoram

    1

    8

    2

    10

    2

    5

    1.  

    Nagaland

    4

    12

    3

    10

    6

    17

    1.  

    Odisha

    66

    353

    103

    415

    119

    477

    1.  

    Pondicherry

    3

    43

    4

    45

    3

    21

    1.  

    Punjab

    8

    59

    8

    60

    9

    64

    1.  

    Rajasthan

    15

    103

    22

    115

    26

    117

    1.  

    Sikkim

    1

    2

    1

    2

    1

    3

    1.  

    Tamil Nadu

    16

    91

    12

    82

    13

    84

    1.  

    Telangana

    18

    147

    16

    120

    20

    123

    1.  

    Tripura

    3

    26

    6

    31

    9

    36

    1.  

    Uttarakhand

    13

    80

    17

    87

    18

    91

    1.  

    Uttar Pradesh

    66

    419

    82

    436

    95

    448

    1.  

    West Bengal

    231

    1781

    348

    1991

    331

    1730

                       

    ********

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  • MIL-OSI Asia-Pac: Dekho Apna Desh initiative

    Source: Government of India

    Ministry of Tourism

    Dekho Apna Desh initiative

    Posted On: 06 FEB 2025 5:47PM by PIB Delhi

    The Ministry of Tourism had launched the Dekho Apna Desh initiative in January 2020 for promotion of domestic tourism in the country. Under this initiative, the Ministry promotes tourism destinations and products of India through various activities such as Webinars, Quiz, Pledge, Seminars, Tourism Promotional Events, Fam tours, Website, Social media etc.

    Ministry of Tourism launched Dekho Apna Desh People’s Choice poll with aim to engage with citizens to identify most preferred tourist attractions. The Ministry is promoting the People’s choice poll through various platforms, including Digital, social media, events, print, Outdoor, SMS and WhatsApp campaign etc.

    Details of State-wise Domestic Tourist Visits (DTV) is at ANNEXURE.

    This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Rajya Sabha today.

     

    ***

     

    ANNEXURE

     

     

    List of States/UTs wise Domestic Tourists Visit (DTV)

     

    S.No.

    States/UTs

    DTV 2020

    DTV 2021

    DTV 2022

    DTV 2023

    1

    Andaman & Nicobar Islands

    1,91,207

    1,26,238

    2,35,061

    3,23,189

    2

    Andhra Pradesh 

    7,08,28,590

    9,32,77,569

    19,27,16,721

    25,47,06,328

    3

    Arunachal Pradesh

    42,871

    1,02,915

    2,22,437

    10,40,601

    4

    Assam

    12,66,898

    14,09,161

    83,82,003

    76,12,720

    5

    Bihar 

    56,38,024

    25,01,193

    2,53,30,364

    8,15,85,701

    6

    Chandigarh

    4,17,953

    2,28,809

    30,27,165

    3,65,591

    7

    Chhattisgarh

    28,10,227

    47,47,417

    2,36,36,291

    2,60,22,069

    8

    UT of Dadra & Nagar Haveli and Daman and Diu

    4,02,395

    6,61,222

    7,99,602

    10,04,327

    9

    Delhi*

    95,83,671

    1,06,42,477

    2,71,86,209

    3,94,14,622

    10

    Goa

    32,58,715

    33,08,089

    70,11,992

    81,75,460

    11

    Gujarat

    1,94,64,517

    2,45,25,210

    13,58,11,325

    17,80,66,579

    12

    Haryana

    21,14,731

    20,25,450

    21,08,496

    20,12,162

    13

    Himachal Pradesh 

    31,70,714

    56,32,270

    1,50,70,944

    1,59,42,118

    14

    Jammu & Kashmir

    25,19,524

    1,13,14,920

    1,84,99,332

    2,06,79,336

    15

    Jharkhand

    25,74,704

    33,83,642

    3,82,84,379

    3,57,76,102

    16

    Karnataka

    7,74,53,339

    8,13,33,659

    18,24,13,203

    28,41,20,502

    17

    Kerala

    49,88,972

    75,37,617

    1,88,67,414

    2,18,71,641

    18

    Lakshadweep

    3,462

    13,500

    22,844

    45,796

    19

    Ladakh

    6,743

    3,03,023

    5,10,137

    7,59,369

    20

    Madhya Pradesh

    2,35,19,632

    2,55,54,067

    3,58,48,781

    11,19,46,409

    21

    Maharashtra*

    3,92,34,591

    4,35,69,238

    11,12,97,624

    16,13,59,527

    22

    Manipur 

    49,669

    49,371

    1,39,518

    57,701

    23

    Meghalaya

    24,734

    1,54,409

    9,37,091

    13,71,674

    24

    Mizoram

    30,890

    87,232

    2,18,420

    2,09,087

    25

    Nagaland

    10,979

    23,968

    97,431

    99,720

    26

    Odisha

    46,22,273

    37,42,221

    78,67,909

    97,25,184

    27

    Puducherry

    11,14,942

    12,53,213

    17,60,480

    20,92,076

    28

    Punjab

    1,66,92,197

    2,66,40,429

    2,60,89,425

    3,57,07,600

    29

    Rajasthan 

    1,51,17,239

    2,19,88,734

    10,83,28,156

    17,90,51,925

    30

    Sikkim

    3,16,408

    5,11,669

    16,25,573

    13,21,169

    31

    Tamil Nadu

    14,06,51,241

    11,53,36,719

    21,85,84,846

    28,60,11,515

    32

    Telangana

    3,99,97,001

    3,20,00,620

    6,07,48,425

    5,84,47,573

    33

    Tripura

    1,27,815

    1,77,816

    2,35,600

    3,66,104

    34

    Uttar Pradesh

    8,61,22,293

    10,97,08,435

    31,79,13,587

    47,85,25,688

    35

    Uttarakhand

    70,05,264

    1,94,34,475

    5,46,42,559

    5,81,40,578

    36

    West Bengal

    2,88,41,732

    2,43,25,984

    8,45,42,195

    14,56,69,292

    Grand Total

    61,02,16,157

    67,76,32,981

    1,73,10,13,539

    2,50,96,27,035

    *Estimated Data

    Source: States/UTs Tourism Department

    ****

    Sunil Kumar Tiwari

    E-mail: – tourism4pib[at]gmail[dot]com

    (Release ID: 2100357)

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Parliament Question: Awareness About Earthquake Safety Measures

    Source: Government of India (2)

    Posted On: 06 FEB 2025 5:17PM by PIB Delhi

    To enhance public awareness and education on earthquake safety, following measures are taken by the government:

    1. To address the community-based preparedness and raise awareness in earthquake prone regions, National Disaster Management Authority (NDMA) runs TV and radio campaigns focused on earthquake preparedness, highlighting critical do’s and don’ts during seismic events. Special programs like Aapda ka Samna, aired on Doordarshan, feature expert discussions on prevention and mitigation strategies, equipping the public with actionable knowledge to safeguard lives and property.
    2. (ii) NDMA, has also developed guidelines and formulates programs targeting earthquake risk mitigation to mitigate losses in a systematic and coordinated manner.

     These initiatives are: (I) Home Owner’s Guide for Earthquake & Cyclone Safety (2019): The guide will make homeowners aware of various considerations and minimum requirements which need to be taken care of while constructing and buying a house. It would also help them avoid the most common mistakes and ask the relevant questions to the engaged professionals or the seller in urban areas to ensure that the house is disaster-resilient. It outlines best practices for ensuring that masonry or reinforced concrete (RC) structures meet safety standards, empowering homeowners with knowledge to make informed decisions.

     (II) Simplified Guidelines for Earthquake Safety (2021): It provides details based on the National Building Code of India 2016 (released by the Bureau of Indian Standards, Government of India) to those who are constructing a house and who are buying a flat in multi-storey buildings, which are made of either masonry or reinforced concrete (RC). This Guide focuses to address this aspiration of potential home owners, and provides the basic information that they should have when constructing individual houses or buying flats in multi-storey buildings. (b) Research efforts are started in India for developing an Earthquake Early Warning (EEW) System for Himalayan region but these are still at a nascent stage, so the question of coordination with neighbouring countries doesn’t arise. However, National Centre for Seismology (NCS) under Ministry of Earth Sciences is capable of recording any earthquake of M:2.5 and above in and around Delhi, M:3.0 and above for NE region, M:3.5 and above in Peninsular and extra-peninsular region, M:4.0 and above in Andaman region, and M:4.5 and above in border regions lying between 0 – 40 degree; N: 60 – 100-degree East.

    The details of the earthquakes reported by NCS are available in public domain through social media and on the website of NCS (seismo.gov.in). (c) NDMA has undertaken the Earthquake Disaster Risk Indexing (EDRI) project to systematically address the challenges of rapid urbanization and ensuring earthquake resilience in growing cities; assess earthquake risk across Indian cities.

     The project aims to provide actionable insights into urban earthquake risk to aid in mitigation, preparedness, and response planning for future seismic events. In Phase I, completed in 2019, the EDRI covered 50 cities, while Phase II targets 16 additional cities. The primary objective of this initiative is to evaluate earthquake risk by combining three critical parameters: hazard, vulnerability, and exposure for each city.

    The risk index derived from these studies identifies regions within cities as low, medium, or high vulnerability and risk zones. These findings enable decision-makers to prioritize areas requiring immediate attention and implement targeted mitigation measures.

    NDMA has initiated a project to develop a comprehensive Methodology for Risk Assessment aimed at guiding States in conducting various levels of earthquake risk assessment. The methodology will provide step by-step guidance for conducting risk assessments at different scales, from city-level evaluations to state wise analyses. It will also incorporate best practices and lessons learned from past studies and international frameworks, ensuring a robust and reliable approach. By equipping States with a clear and actionable methodology, NDMA aims to foster uniformity in risk assessments across the country.

    The results of the EDRI and risk assessment have far-reaching implications, particularly in cities experiencing rapid urbanization. By integrating the risk index into urban planning frameworks, cities can adopt risk-informed decision-making, ensuring safer infrastructure development and community resilience. This initiative underscores NDMA’s commitment to developing for proactive disaster risk reduction in urban India.

    This information was provided byUnion Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh, in a written reply to a question in Rajya Sabha today.

    *****

    NKR/PSM

    (RS US Q NO. 355)

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  • MIL-OSI Economics: Samsung Kiosks Powered By GRUBBRR Elevate the Fan Experience at the Big Game

    Source: Samsung

    Samsung and GRUBBRR®, the leader in self-ordering technologies, are enhancing the guest experience at the Big Game this Sunday. Fans attending are encouraged to visit Section 115 to utilize the Samsung All-In-One Kiosk powered by GRUBBRR’s self-ordering technology.
    “Samsung has a long history of delivering winning technology to the biggest stages in sports, including the Big Game,” said David Phelps, Head of Display Division, Samsung Electronics America. “With Samsung Kiosks and GRUBBRR self-service software, fans can order their food with ease and speed. No matter who they are rooting for on Sunday, they can enjoy less time in concession lines and more time watching the starting lineup.”
    Samsung Kiosks powered by GRUBBRR redefine stadium dining by allowing fans to browse food and beverage options at their own pace, customize their orders and complete their purchase all on one screen. GRUBBRR’s partnership with Samsung equips venues with cutting-edge technology designed to enhance customer satisfaction and streamline operations.

    Benefits include:
    Reduced wait times: Fans can avoid long lines and spend more time enjoying the game.
    Efficiency and accuracy: Self-checkout kiosks minimize labor costs and human error, ensuring accurate orders every time.
    Health and safety: By reducing direct contact, these kiosks provide a safer option for food transactions during large events.
    Smart upselling: GRUBBRR’s technology boosts average ticket size by 40-50%, optimizing revenue for vendors.
    “Samsung and GRUBBRR are changing the game in self-service ordering,” said Sara Grofcsik, Head of Sales, Display Division, Samsung Electronics America. “Today’s consumers expect convenient, intuitive and customizable ordering–and we’re delivering on all fronts on the biggest night in football. Our technology will enhance the stadium experience, making it all the more seamless and enjoyable.”

    “We are honored to be part of the game-day experience and ensure that fans spend less time in line away from the game, and more time enjoying at their seats,” said Sam Zietz, Chief Executive Officer for GRUBBRR. “The positive feedback from fans has been remarkable as we have been lauded for speed, efficiency and a user-friendly interface.”
    In addition to stadiums, Samsung and GRUBBRR provide technology to support restaurants, movie theaters, retailers and other businesses. To learn more about GRUBBRR, please visit GRUBBRR.com. Discover how Samsung Kiosks set new standards for customer service by visiting www.samsung.com/us/business/displays/interactive/kiosk/.

    MIL OSI Economics

  • MIL-OSI Video: Women’s rights are human rights, with Nyaradzayi Gumbonzvanda | UN Women | Awake at Night

    Source: United Nations (Video News)

    Having grown up in war-torn rural Zimbabwe, Nyaradzayi Gumbonzvanda overcame extreme hardship to pursue a career at the highest levels of the United Nations. Now UN Assistant Secretary-General, and one of two deputy executive directors of UN Women, she wants little girls everywhere to aspire to the same heights.

    “Peace is a prerequisite. It’s so critical for development… for unleashing the potential of the little girls. Peace is so important for enabling mothers, widows to give the best they can.”

    UN Women works to uphold women’s human rights and ensure that every woman and girl lives up to her full potential. In this episode, Nyaradzayi Gumbonzvanda reflects on a childhood touched by war, poverty and disease, on a lifelong love of learning, and on how a recent accident gave her a new perspective on inequality.

    [00:00] Introduction
    [01:10] Growing up in Zimbabwe amidst conflict and war
    [05:51] Family and community support
    [07:37] The power of education
    [10:16] Facing the HIV/AIDS crisis
    [14:24] Becoming the first in her family to attend university
    [16:27] Awakening to women’s rights
    [18:19] The impact of child marriage
    [21:12] A promise to her father
    [23:45] Fighting for women’s autonomy
    [25:16] What keeps Nyaradzayi awake at night
    [26:35] Life with a disability
    [27:32] Empowering survivors
    [28:44] A message to young girls
    [29:36] Closing remarks

    Listen to more Awake at Night episodes: https://music.youtube.com/playlist?list=PLwoDFQJEq_0b6hu1e8oxsch9W0D7vkNqt
    #podcast #unitednations #awakeatnight #UNWomen #womensrights

    About Awake at Night
    Hosted by Melissa Fleming, UN Under-Secretary-General for Global Communications, the podcast ‘Awake at Night’ is an in-depth interview series focusing on remarkable United Nations staff members who dedicate their career to helping people in parts of the world where they have the hardest lives – from war zones and displacement camps to areas hit by disasters and the devastation of climate change.

    https://www.youtube.com/watch?v=u3cDm1iYBVQ

    MIL OSI Video

  • MIL-OSI Global: Reading Whistler’s Nocturne in Blue and Gold – Old Battersea Bridge as a piece of music

    Source: The Conversation – UK – By Frances Fowle, Personal Chair of Nineteenth-Century Art, History of Art, University of Edinburgh

    Nocturne in Blue and Gold – Old Battersea Bridge by James Abbott McNeill Whistler (1872-5). Tate/Canva, CC BY-SA

    In 1877 the American artist James McNeill Whistler (1834-1903) achieved notoriety when he exhibited his recent views of the river Thames at the Grosvenor Gallery in London. He gave his paintings musical titles: Nocturne in Black and Gold – The Falling Rocket (1875) and Nocturne in Blue and Gold – Old Battersea Bridge (circa 1872-5).

    The view of Battersea Bridge includes Chelsea Church and the then newly constructed Albert Bridge. The lights of Cremorne Pleasure Gardens twinkle in the distance, while fireworks explode in the pale sky above.

    The painting is remarkable for its intense, light blue tonality suggestive of evening, the time of day sometimes known as “the blue hour”. Painting from memory, Whistler thinned his paint with copal (a tree resin), turpentine and linseed oil. This created what he called a “sauce”, which he applied in thin, transparent layers, wiping it away until he was satisfied. He left areas of the dark preparatory layer unpainted to create the illusion of the bridge. Inspired by Japanese woodblock prints, he exaggerated its height.


    This article is part of Rethinking the Classics. The stories in this series offer insightful new ways to think about and interpret classic books, films and artworks. This is the canon – with a twist.


    All this was lost on the critics, however. The author Oscar Wilde reviewed the exhibition and wrote that the Battersea Bridge Nocturne was “worth looking at for about as long as one looks at a real rocket, that is, for somewhat less than a quarter of a minute”.

    A few years earlier Whistler had exhibited another view of the Thames, Nocturne: Blue and Silver – Chelsea (1871), at the Dudley Gallery in London. The critic for The Times summed up Whistler’s intention, observing that the painting was:

    So closely akin to music that the colours of the one may and should be used, like the ordered sounds of the other; that painting should not aim at expressing dramatic emotions, depicting incidents of history or recording facts of nature, but should be content with moulding our moods and stirring our imaginations, by subtle combinations of colour.

    Arrangement in Gray: Portrait of the Painter by Whistler (1872).
    Detroit Institute of Arts

    Whistler’s paintings were first compared to music as early as 1863 when the French critic Paul Manz described his haunting portrait, The White Girl (1872), as a “symphony in white”. Whistler adopted the title retrospectively, creating a series of three aesthetic mood paintings or “symphonies”, featuring young women in flowing white dresses.

    Press and public alike were puzzled by the artist’s insistence that his paintings lacked any specific narrative or moral message.

    When he witnessed the abstraction of Whistler’s latest Nocturnes at the Grosvenor Gallery, the leading English art critic John Ruskin published a venomous review. “I have seen, and heard much of Cockney impudence before now,” he wrote, “but never expected to hear a coxcomb ask 200 guineas for flinging a pot of paint in the public’s face.”

    Whistler’s retort

    Whistler sued Ruskin for libel and used the ensuing two-day trial to defend his views on art. He referred to his paintings throughout proceedings in musical terms, as “arrangements”, “symphonies” or “nocturnes”. When asked what the Battersea Bridge painting was intended to represent, he replied:

    I did not intend it to be a ‘correct’ portrait of the bridge. It is only a moonlight scene … As to what the picture represents, that depends upon who looks at it. To some persons it may represent all that is intended; to others it may represent nothing.

    Whistler won the court case, but was awarded only a farthing in damages, resulting in his bankruptcy. Undaunted, the following year (1878) he published The Red Rag, in which he articulated his aesthetic theory:

    Art should be independent of all clap-trap – should stand alone, and appeal to the artistic sense of eye or ear, without confounding this with emotions entirely foreign to it, as devotion, pity, love, patriotism, and the like. All these have no kind of concern with it, and that is why I insist on calling my works “arrangements” and “harmonies”.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    In 1885 he delivered his, now famous, 10 o’clock Lecture. In it reiterated his aesthetic theory. “Nature,” he wrote, “contains the elements, in colour and form, of all pictures, as the keyboard contains the notes of all music”. He urged artists not to copy nature slavishly, as Ruskin had recommended, but to approach it more like a musician, waiting for that moment when:

    The evening mist clothes the riverside with poetry, as with a veil, and the poor buildings lose themselves in the dim sky, and the tall chimneys become campanili and the warehouses are palaces in the night, and the whole city hangs in the heavens, and fairy-land is before us.

    It is then, he argued, that nature “sings her exquisite song to the artist alone”.

    Beyond the canon

    As part of the Rethinking the Classics series, we’re asking our experts to recommend a book or artwork that tackles similar themes to the canonical work in question, but isn’t (yet) considered a classic itself. Here is Frances Fowles’ suggestion:

    Whistler was not the only artist of this period to view his art as the equivalent of music. His work anticipated symbolism, a literary and artistic movement that rejected naturalistic representation in favour of more abstract concerns, such as the connections between words, colours and musical notes.

    Mikalojus Čiurlionis and his 1908 painting, Stellar Sonata.
    Wiki Commons

    The relationship between colour, rhythm and sound was central to the work of French artist Paul Signac (1863-1935), who worked in a pointillist technique (applying dots of colour), and assigned his paintings opus numbers and tempos. The Lithuanian painter and composer Mikalojus Čiurlionis (1875-1911), too, fused music and colour and gave his artworks musical titles.

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

    ref. Reading Whistler’s Nocturne in Blue and Gold – Old Battersea Bridge as a piece of music – https://theconversation.com/reading-whistlers-nocturne-in-blue-and-gold-old-battersea-bridge-as-a-piece-of-music-241075

    MIL OSI – Global Reports

  • MIL-OSI USA: 7 Connecticut gang members charged with murder and racketeering offenses

    Source: US Immigration and Customs Enforcement

    HARTFORD, Conn. — A grand jury in Hartford returned a 15-count indictment on Jan. 8 charging seven alleged members of a violent Hartford gang with participating in a years-long interstate racketeer influenced and corrupt organizations act (RICO) conspiracy involving multiple murders, attempted murder, gun trafficking, extortion, arson, drug trafficking, and other crimes.

    The wide-ranging conspiracy was uncovered through a joint investigation by Homeland Security Investigations (HSI) with the FBI, and ATF alongside state and local partners in Connecticut and Vermont.

    The indictment alleges that the Hoodstar Gzz gang, which since its forming in 2010 has referred to itself by a variety of names, including “Hoodstars,” “Hoodstarz,” and “Gz,” generally operates between Capen, Westland, Enfield, and Main Streets in Hartford. The gang has allegedly distributed narcotics; engaged in multiple violent acts against rival gang members and others, including multiple shootings and murders; trafficked narcotics in Vermont; moved firearms from Vermont to Connecticut; utilized stolen vehicles in furtherance of the gang’s affairs and burned vehicles that were used in the commission of crimes; and recorded and distributed rap music to promote the gang’s criminal activity.

    “Criminal gangs terrorize communities, leaving violence and destruction in their wake,” said Special Agent in Charge Michael J. Krol of HSI New England. “These individuals have been charged with crimes ranging from firearms possession to murder and, if convicted, will face serious federal prison time. HSI works with our state, local, and federal partners to dismantle criminal gangs like the Hoodstar Gzzs and help communities reclaim their safety and their streets.”

    “This indictment — which is the first RICO indictment since the launch of the Violent Crime Initiative (VCI) in Hartford in April 2024 — alleges that the defendants engaged in numerous violent acts, including shooting at suspected rival gang members and shooting and killing a motorist with whom two of the defendants got into a car accident,” said Principal Deputy Assistant Attorney General Brent S. Wible, head of the Justice Department’s Criminal Division. “Violent gangs like the Hoodstars terrorize local communities and threaten safety across Hartford. Today’s announcement demonstrates that the VCI is already making an impact in Hartford, through the deployment of Criminal Division resources, in close coordination with our partners, to target the specific drivers of violent crime and hold gang members accountable for their crimes.”

    “We allege that members of the Hoodstar Gzz have engaged in murder and numerous other violent acts against both rival gang members and innocent civilians, and their criminal activity extended to northern Vermont, where they trafficked drugs and acquired firearms, some of which they transported back to Connecticut,” said U.S. Attorney Vanessa Roberts Avery for the District of Connecticut. “This case is a clear demonstration of our commitment to relentlessly pursue and dismantle organizations that threaten the peace and security of our communities. The effort to connect these violent acts and bring these individuals to justice has been a collaborative one, and I want to thank the federal, state, and local law enforcement agencies involved for their dedication to make our communities, both here in Connecticut and in Vermont, safer.”

    The indictment charges the following defendants, all of Hartford:

    • Angel Rivera, also known as Rico and Slatt, 24, is charged with RICO conspiracy, murder in aid of racketeering, use of a firearm to cause death, use of a firearm during the murder, and drug trafficking conspiracy.
    • Raquan Knight, also known as RQ, 21, is charged with RICO conspiracy and drug trafficking conspiracy.
    • Paul Downer, also known as Luap Benji, 28, is charged with RICO conspiracy and drug trafficking conspiracy.
    • Mekhi Thompson, also known as Midnight, 24, is charged with RICO conspiracy, murder in aid of racketeering, use of a firearm to cause death, use of a firearm during murder, and drug trafficking conspiracy.
    • Paul Clarke, also known as Tommy Bunz, 30, is charged with RICO conspiracy and drug trafficking conspiracy.
    • Tyshon Walker, also known as Pone Gwapoo, 26, is charged with RICO conspiracy, drug trafficking conspiracy, and possessing a machinegun during a drug trafficking offense.
    • Joshua Cruz, also known as Hop-out Curly, 24, is charged with RICO conspiracy, drug trafficking conspiracy, and possessing a machinegun during a drug trafficking offense.

    Among the violent acts committed by the defendants, the indictment alleges that:

    • On April 16, 2019, Thompson allegedly attempted to murder members of a rival gang, which resulted in gunshot wounds to three individuals.
    • On Jan. 22, 2021, Downer allegedly shot a victim in the femoral artery for failure to pay a drug debt.
    • On April 10, 2021, Rivera, Knight, Cruz, and other Hoodstar Gzz members and associates allegedly shot and killed a member of the rival Ave gang and wounded another individual.
    • On Jan. 18, 2022, Rivera, Walker, Cruz, and other Hoodstar Gzz members and associates allegedly shot at one victim and shot and injured another.
    • On Jan. 18, 2022, Rivera, Walker, Cruz, and other Hoodstar Gzz members and associates allegedly shot and killed one victim and shot and injured another.
    • On June 19, 2022, Knight allegedly shot one victim.
    • On Aug. 1, 2022, Rivera and other members and associates of the Hoodstar Gzz gang allegedly shot and killed one victim and shot and injured two additional individuals.
    • On Sept. 14, 2022, Thompson and Rivera allegedly got into a confrontation with a victim over a rental car that Thompson failed to return. Thompson then shot and killed the victim.
    • On Oct. 27, 2022, Thompson and Rivera were allegedly involved in a car accident with a black Nissan sedan and fled the scene. The Nissan followed them for approximately 1.6 miles. Thompson then allegedly exited the vehicle and shot and killed the driver of the Nissan.

    If convicted, each defendant faces a maximum penalty of life in prison. All defendants are currently detained pending trial. A federal district judge will determine any sentence after considering U.S. Sentencing Guidelines and other statutory factors.

    The HSI New England Hartford Resident Agent in Charge office conducted the investigation with FBI and ATF. Valuable assistance was provided by the Hartford Police Department, the East Hartford Police Department, the Windsor Police Department, the Connecticut State Police, the Connecticut Department of Correction, the St. Johnsbury Police Department, the Northfield Police Department, and the Vermont State Police.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    Follow us on X, formerly known as Twitter, at @HSINewEngland to learn more about HSI’s global missions and operations.

    MIL OSI USA News

  • MIL-OSI: K&F Growth Acquisition Corp. II Announces Completion of $287.5 million IPO

    Source: GlobeNewswire (MIL-OSI)

    Each Unit Includes One Class A Ordinary Share and One Share Right to Receive 1/15th of a Class A Ordinary Share

    MANHATTAN BEACH, CA, Feb. 06, 2025 (GLOBE NEWSWIRE) — K&F Growth Acquisition Corp. II (the “Company”), today announced the closing of its initial public offering of 28,750,000 units, at a price of $10.00 per unit, which includes 3,750,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, resulting in gross proceeds of $287,500,000. Each unit consists of one Class A ordinary share and one right (the “Share Right”) to receive one fifteenth of one Class A ordinary share upon the consummation of an initial business combination. There are no warrants issued publicly or privately in connection with this offering. The units are listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “KFIIU” as of February 5, 2025. After the securities comprising the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols “KFII” and “KFIIR,” respectively.

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but is focused on acquiring a compelling business in the experiential entertainment industry underpinned by strong secular growth, a skilled management team, and that is competitively positioned and capitalized to grow through organic and M&A-driven opportunities.

    The Company’s management team is led by Edward King, its Co-Chief Executive Officer and Co-Chairman, and Daniel Fetters, its Co-Chief Executive Officer, Chief Financial Officer and Co-Chairman. In addition, the Board includes James J. Murren, Joyce Arpin and Geoff Freeman.

    BTIG, LLC is acted as sole book-running manager for the offering.

    The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from BTIG, LLC, Attention: 65 East 55th Street, New York, New York 10022, or by email at ProspectusDelivery@btig.com.

    A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on February 4, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

    Cautionary Note Concerning Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contact:

    K&F Growth Acquisition Corp. II
    1219 Morningside Drive, Suite 110
    Manhattan Beach, CA 90266
    www.kfgrowthcapital.com
    email: contact@kfgrowth.com
    Attention: Daniel Fetters, Co-CEO
    (310) 545-9265

    The MIL Network

  • MIL-OSI USA: News 02/6/2025 Blackburn Celebrates Her Legislation Passing Out of Commerce Committee

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – U.S. Senator Marsha Blackburn (R-Tenn) released the following statement after five bills that she sponsored or co-sponsored passed out of the Senate Committee on Commerce, Science, and Transportation. This includes the American Music Tourism Act, the Promoting Resilient Supply Chains Act, the Strengthening Support for American Manufacturing Act, the She DRIVES Act, and the TORNADO Act.

    “The 119th Congress is already off to a productive start, and I am pleased that five of my bills have moved forward out of the Commerce Committee to the full Senate for a vote,” said Senator Blackburn. “I urge my Senate colleagues to support this legislation, which will promote American music tourism, strengthen U.S. supply chains for emerging technologies, boost domestic manufacturing, enhance vehicle safety standards, and improve the forecasting of hazardous weather.” 

    BACKGROUND:

    See below for more information on each piece of legislation.

    • The American Music Tourism Act, sponsored by Senator Blackburn, would leverage the existing framework within the Department of Commerce to highlight and promote music tourism in the United States. It would require the Department of Commerce’s Assistant Secretary for Travel and Tourism to implement a plan to support and increase music tourism for both domestic and international visitors as well as a report to Congress on the successes and vulnerabilities of the Assistant Secretary’s goals to increase travel and tourism.
    • The Promoting Resilient Supply Chains Act, co-led by Senator Blackburn, would authorize the Department of Commerce to strengthen American supply chains for critical industries and emerging technologies by working with the private sector and U.S. government partners to anticipate and prevent future supply chain disruptions before they happen.
    • The Strengthening Support for American Manufacturing Act, co-led by Senator Blackburn, would streamline federal efforts to boost domestic manufacturers and support workers. It would also assess the Department of Commerce’s efforts to support manufacturers and suggest solutions to improve the Department’s manufacturing programs to better serve manufacturers – many of which are small businesses.
    • The She Develops Regulations in Vehicle Equality and Safety (She DRIVES) Act, co-led by Senator Blackburn, would enhance passenger vehicle safety by updating U.S. crashworthiness testing procedures. It would require the use of the most advanced testing devices available, including a female crash test dummy.
    • The Tornado Observation Research Notification and Deployment to Operations (TORNADO) Act, co-sponsored by Senator Blackburn, would improve the forecasting of tornadoes and other hazardous weather by requiring the National Oceanic and Atmospheric Administration to prepare and submit an action plan for the national implementation of high-resolution probabilistic guidance for tornado forecasting and prediction. 

    MIL OSI USA News

  • MIL-OSI USA: Polis Administration Announces Higher Purpose Homes and VeroTouch as Latest IHIP Grant Recipients

    Source: US State of Colorado

    VeroTouch Unveils First Homes 3D Printed in Colorado

    DENVER – Today, Governor Polis and the Business Funding & Incentives division of the Colorado Office of Economic Development and International Trade (OEDIT) announced two new recipients of the Innovative Housing Incentive Program (IHIP) grant to support the development of the off-site construction industry and create more housing at a lower cost across the state: Higher Purpose Homes and VeroTouch. The announcement comes the same day VeroTouch unveils the first houses 3D-printed in Colorado.

    “We are proud to accelerate innovation in housing to better address Colorado’s housing needs,” said Governor Jared Polis. “The unveiling of the first 3D-printed homes in the state is a great example of our state’s efforts to support new construction methods and create more housing now.”

    Compared to traditional building practices, off-site construction can produce housing more efficiently and at a lower cost while creating stable, year-round, high-quality jobs. Early results suggest that state support of construction methods like modular, manufactured, panelized and 3-D printed homes are growing the industry and generating new homes in Colorado. The annual percentage of Colorado’s modular housing units produced by out of state manufacturers has decreased from 91% to less than 50%.

    The funding announced today will directly incentivize the creation of over 160 attainable housing units. With this latest round of grants, the Polis Administration has awarded 14 IHIP grants directly incentivizing the creation of 2,300 attainable housing units across Colorado and contributing to the recipients’ work to create more than 7,500 units over three years. To date, 705 housing units have been produced with support from IHIP.

    “It’s exciting to see the statewide impact of the Innovative Housing Incentive Program as it continues to support the growth of innovative housing manufacturers located across the state, including the Buena Vista and Durango recipients announced today,” said Eve Lieberman, Executive Director of OEDIT. “We commend these companies for their efforts to help increase the supply of housing which, over time, will enable more Coloradans to live in the communities they love and be close to their jobs”

    The recipients announced today include:

    Higher Purpose Homes – Durango – This panelized housing manufacturer constructs floors, walls and roofs in a manufacturing facility and then uses a crane to place the pieces. The company estimates that 30% of its homes will be deed-restricted and affordable. In 2023, the Colorado Economic Development Commission approved Higher Purpose Homes for the Rural Jump-Start program, which encourages economic development and job creation in rural communities across the state. Through IHIP, Higher Purpose Homes is approved for up to $590,000 for constructing a projected 95 units over three years.

    VeroTouch Construction – Buena Vista – This 3D printed housing manufacturer uses robots to print single- and multi-family concrete homes on-site. Today, the company is unveiling the first two homes 3-D printed in Colorado: two-bed, two-bath, 1,100 square foot units in downtown Buena Vista as part of a 31-unit development. VeroTouch Construction is approved for up to $618,000 for constructing a projected 67 units over three years.

    About the Innovative Housing Incentive Program

    The Innovative Housing Incentive Program (IHIP) helps address Colorado’s housing shortage by supporting the development and expansion of the state’s innovative housing manufacturing businesses. IHIP is part of an emerging suite of OEDIT-affiliated programs that offer housing financing tools to help increase the supply of affordable and attainable housing across Colorado. These programs include the Proposition 123 Affordable Housing Financing Fund, staffing of the Middle Income Housing Authority, work by the Colorado Creative Industries Division via the Community Revitalization and Space to Create programs and incentivizing housing units with the Historic Preservation Tax Credit.

    About Colorado Office of Economic Development and International Trade (OEDIT)

    The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor Jared Polis, we strive to advance the State’s economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado. OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing & Incentives division; the Colorado Small Business Development Network; Cannabis Business Office; Colorado Office of Film, TV & Media; the Minority Business Office; Employee Ownership Office; and Rural Opportunity Office. Learn more at oedit.colorado.gov.

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    MIL OSI USA News