Category: European Union

  • MIL-OSI United Kingdom: Runners gear up for Chelmsford Half Marathon

    Source: Anglia Ruskin University

    Around 3,000 people will lace up their running shoes for the 2025 Chelmsford Half Marathon event next month.

    The event takes place on Sunday, 2 March and runners will start and finish the 13.1-mile course at Anglia Ruskin University (ARU), which is the headline partner of the event. There are also 5km and 10km events on the same day.

    The half-marathon course will take runners along Parkway and Essex Yeomanry Way to Great Baddow and Sandon, before returning through Chelmer Village and back into the city centre. All race distances are accurately measured and officially licensed by England Athletics Run Events.

    Road closures will be in place before, during and after the event. These include High Bridge Road, Essex Yeomanry Way, Chelmer Village Way and Bishop Hall Lane. The Essex Highways website has full details of road closures and times.

    “We’re proud to renew our partnership with the Chelmsford Half Marathon. Events like these are not only enjoyable to participate in, but also play a crucial role in supporting local charities.

    “We have supported The Chelmsford Half Marathon for a number of years and it is always a fantastic event for both the runners and their friends and families cheering them on.”

    Professor Roderick Watkins, Vice Chancellor of Anglia Ruskin University (ARU)

    “We are delighted to be organising one of the largest public sporting events in Essex, alongside our Headline Partner Anglia Ruskin University.

    “As the event evolves and grows, we continue to inspire thousands to become active and develop opportunities to raise even more funds for charities.”

    Andrew Martin, Race Director of the Chelmsford Half Marathon

    For full details about the race, visit cmhalf.com

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Liverpool Remembers as Hall Hosts Covid-19 Reflection Event

    Source: City of Liverpool

    The civic heart of Liverpool – and one of Britain’s most beloved buildings – is to become the city’s focal point for remembering the Covid-19 pandemic.

    To commemorate five years since the pandemic began, a national Covid-19 Day of Reflection will take place on Sunday, 9 March.

    In Liverpool, the Great Hall in St George’s Hall will be transformed into a special space for people to visit, remember those we lost, acknowledge and celebrate all the acts of kindness that took place across our communities and reflect on the profound impact of the pandemic on our everyday lives.

    The stunning venue will be beautifully illuminated by paper lanterns, representing the challenges people lived with throughout the pandemic – whether that be the loss of a loved one, isolation, economic hardship or mental health struggles, but also acknowledging the tremendous resilience shown throughout.

    A gentle and poignant soundscape will play, creating an ambience for quiet contemplation, and a Book of Commemoration will allow people to leave a message of reflection if they wish to do so.

    Members of the public are invited to reflect on their experiences and memories within the Grade I listed neo-classical masterpiece, situated off Lime Street, which will be open from 10am-4pm for this unique event.

    The event has been organised by Liverpool City Council and the lanterns will be supplied by local arts organisation, the Lantern Company.

    For more information, visit St George’s Hall website.

    Leader of Liverpool City Council, Councillor Liam Robinson, said:
    “Five years ago the world changed and we’re still feeling that ripple-effect today.

    “It was an incredibly tough time for Liverpool – case rates and deaths were high, businesses were under huge pressure to stay afloat and people were lonely and fearful of what could happen – it was a chapter of history which we will never forget.

    “But throughout this extraordinary crisis, the true spirit of Liverpool shone through, communities came together to help and support one another. This city stepped forward, blazing a trail for others to follow when it came to mass testing and paving the way for large cultural events to start welcoming people once again – things we should all be proud of.

    “On Sunday March, St George’s Hall will be a hub to reflect on this time of so many mixed emotions, acknowledging our city’s resilience, strength, and solidarity, and looking ahead to the future with hope.”

    Director of Public Health for Liverpool City Council, Matthew Ashton, said:  
    “Every single one of us has been affected by Covid. The intensity of our shared experience should never be underestimated – along with the disease itself, we had to juggle not being able to see our family and friends, social distancing, wearing face coverings, working from home, home schooling – all of which have impacted on our individual  mental health and wellbeing, and on the health and economic prosperity of our city overall.

    “Thankfully we are well into our recovery journey, and one of the most important lessons we have learnt, is the power of strong communities and partnerships. Throughout, stakeholders from across the city have worked closely with health professionals to ensure the best outcomes for our communities, and although the pandemic may be over, these partnerships will continue to provide support in this recovery phase.

    “Liverpool’s event is a way for us to process what has happened over the past five years and I encourage people to take some time out of their day, honour those we lost and celebrate all of our remarkable achievements during this unprecedented period.”

    MIL OSI United Kingdom

  • MIL-OSI: Gofaizen & Sherle Launches Full-Cycle CASP Licensing Service in Lithuania, Poland and Spain

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, Feb. 20, 2025 (GLOBE NEWSWIRE) — Gofaizen & Sherle, a leading fintech and crypto consultancy, has introduced a full-cycle service for obtaining a CASP license under MICA regulation in Lithuania, Poland and Spain. This new service is designed to simplify the licensing process, ensuring companies achieve compliance efficiently and on time.

    Comprehensive Support for a Seamless Licensing Process

    Gofaizen & Sherle provides a full range of services to ensure a smooth licensing process:

    • Business analysis and strategy – Assessment of regulatory requirements in line with the company’s business model.
    • Documentation management – Compilation, preparation, and verification of all required documents.
    • Staffing support – Evaluation of personnel qualifications and assistance in recruiting necessary specialists.
    • Regulatory communication – Coordination with the Bank of Lithuania to facilitate the application process.

    “The process of obtaining a CASP license might take around 6 months in average, covering key stages such as document preparation, submission, potential hiring of required staff, and regulatory review. For example, in Lithuania, VASPs already operating in the country need to start the CASP license application as soon as possible. If they do not obtain the license by May 31, they may be required to suspend their activities from July 1st and until it is approved. However, if you are launching a new crypto project, you simply need to apply for a CASP license. Once it is approved, you can start operating in Lithuania’s crypto sector,” explained Maxim Gasanbekov, Head of Sales and Associated Partner at Gofaizen & Sherle.

    About Gofaizen & Sherle
    Gofaizen & Sherle is a leading fintech and crypto consultancy firm based in Tallinn, Estonia. The company specializes in regulatory compliance, licensing, and business structuring, supporting crypto-asset service providers (CASPs) in navigating the evolving European regulatory landscape.
    For further information on CASP license in Lithuania, Poland and Spain, and expert consultation, please contact:
    info@gofaizen-sherle.com

    Media Contact:
    Gofaizen & Sherle
    pr@gofaizen-sherle.com
    https://gofaizen-sherle.com/

    Disclaimer: This content is provided by Gofaizen & Sherle. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ce443d23-08f2-4b5e-b791-1193ebd18db7

    The MIL Network

  • MIL-OSI United Kingdom: Ongoing crackdown hooks 6 unlicensed anglers

    Source: United Kingdom – Executive Government & Departments

    As part of an ongoing Environment Agency crackdown, 6 anglers have been found guilty of fishing illegally at waters in the London area last year.

    A fisheries enforcement officer

    Their cases were brought by the Environment Agency to Barkingside magistrates’ court on 8 January 2025. In total, the 6 offenders will now pay £2,182 in fines and charges.

    Illegal fishing “undermines investment” in fisheries

    Unlicensed fishing poses a risk to fish stocks and can often cost anglers the species they care about. It also undermines all the investment made using rod licence income, in addition to the good work by our partners and angling clubs in improving fisheries.

    Richard Tyner, area fisheries team leader at the Environment Agency, said:

    “We hope the penalties these 6 illegal anglers have received will act as a deterrent to anyone who is thinking of breaking the laws and byelaws we have in place across England.

    “Fishing illegally can incur a fine of up to £2,500, and offenders can also have their fishing equipment seized. We inspect rod licences 24/7, 7 days a week to check on cases of illegal fishing, and for those caught cheating the system, we will always prosecute.

    “Illegal fishing undermines the Environment Agency’s efforts to protect fish stocks and make fishing sustainable.  Money raised from fishing licence sales is used to protect and improve fish stocks and fisheries for the benefit of legal anglers.”

    Rod licences cost much less than a tenner

    Any angler aged 13 or over, fishing on a river, canal or still water needs a licence to fish. A one-day licence costs from just £7.10, and an annual licence currently costs from just £35.80. Concessions are available. Junior licences are free for 13 – 16-year-olds.

    Licences are available from www.gov.uk/get-a-fishing-licence or by calling the Environment Agency on 0344 800 5386 between 8am and 6pm, Monday to Friday.

    Known hot spots for “illegal fishing” targeted

    The Environment Agency carries out enforcement work all year round and is supported by partners, including the police and the Angling Trust. Fisheries enforcement work is intelligence-led, targeting known hot spots and where illegal fishing is reported.

    Anyone with information about illegal fishing activities can contact the Environment Agency incident hotline 24/7 on 0800 807060 or Crimestoppers on 0800 555 111.

    Alex Payne, 25, of Crays View, Billericay, Essex, was found guilty at court to fishing without a licence at the Chase Fishery in Dagenham, east London, on 15 June 2024. He was ordered to pay £443. This includes a fine of £220, costs of £135 and a victim surcharge of £88.

    Mark Taylor, 25, of Camden Close, Grays, Thurrock, was found guilty of fishing without a licence at Tylers Common Fisheries, Harold Wood, east London, on 15 June 2024. He was ordered to pay £443. This includes a fine of £220, costs of £135 and a victim surcharge of £88.

    Ciprian Buta, 38, of Montague Road, London, pleaded guilty to fishing without a licence at Walthamstow Reservoirs, Tottenham Hale, north London, on 17 June 2024. He was ordered to pay £329. This includes a fine of £146, costs of £125 and a victim surcharge of £58.

    Liam Midmore, 25, of Watermans Lane, Paddock Wood, Tonbridge, Kent, pleaded guilty to fishing without a licence at Thorney Weir Lakes, West Drayton, on 6 May 2024. He was ordered to pay £329. This includes a fine of £146, costs of £125 and a victim surcharge of £58.

    Cristian Milhailopol, 46, of Lincoln Grove, Harrogate, North Yorkshire, pleaded guilty to fishing without a licence at Tylers Common Fisheries, Harold Wood, east London, on 18 May 2024. He was ordered to pay £329. This includes a fine of £146, costs of £125 and a victim surcharge of £58.

    Christopher Ould, 35, of Ashdown Road, Bexhill-on-Sea, East Sussex, pleaded guilty to   fishing without a licence at Thorney Weir Lakes, West Drayton, on 6 May 2024. He was ordered to pay £329. The penalty includes a fine of £146, costs of £125 and a victim surcharge of £58.

    Contact us:

    Journalists only – 0800 141 2743 or communications_se@environment-agency.gov.uk.

    The press office is unable to answer enquiries from members of the public. If you are not a journalist and would like to contact the Environment Agency, please call 03708 506506.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Speaker Johnson Delivers Keynote Address to Alliance for Responsible Citizenship Conference

    Source: United States House of Representatives – Representative Mike Johnson (LA-04)

    WASHINGTON — Yesterday, Speaker Johnson delivered the keynote address at the 2025 Alliance for Responsible Citizenship (ARC) global conference in London, England. Appearing remotely to the more than 4,000-person audience, Speaker Johnson warned against the threat of “soft despotism,” and encouraged leaders to “be prepared to steer their aims towards policies and mediating institutions that reduce government dominion over our lives and advance prosperity.”

    “The only way to reverse this trend into further technocratic tyranny is to recommit to our foundational principles and live them out. What made the West, and what made our nations great, must now guide us once again,” Speaker Johnson said.

    Watch Speaker Johnson’s full address here.

    Below are excerpts from the address:

    “Here in America, as you are all seeing, we’re in the midst of a great change. In our national election a few months ago, our people delivered truly a mandate to make our country great again and to restore common sense in our public policy. Here and elsewhere, the radical big government progressives pushed that pendulum too far and too aggressively to the left, and the people rose up and said, enough. And now that pendulum is beginning to swing back to the center, and we’ve been given a once-in-a-generation opportunity to demonstrate now to our nation and the new demographics of voters who have come into our Republican Party for the first time, that it really is our conservative policies that lead to human flourishing, because they’re better for individuals and families and communities, individual states, and our nation as a whole,” Speaker Johnson said

    “In America, we still believe in peace through strength, and we still understand our role in the world. A strong America is good for free people everywhere because it helps to keep the terrorists and the tyrants at bay. But to maintain our strength and leadership, our foreign policy must be centered on our own national interest. It’s a matter of common sense for each of our countries to acknowledge that we must each take care of our own houses before we help take care of the neighborhood,” Speaker Johnson said. “As we seek to make America safer, stronger, and more prosperous, we will encourage all our friends and allies to do the same in and for their own countries. The survival of the West will depend upon that. And this is how we will turn the tides, by refocusing and marshalling our many shared interests toward our own national interest.”

    “This trend is reflected in political apathy and the growing tendency of people to simply submit to governments whose laws have become so offensively intrusive and whose centers of power feel distant and inaccessible. If there is nothing to fight for, then why fight at all, Speaker Johnson said. ”This is the vision of the left, for the people to feel so powerless that they give in and just accept their fate as mindless vassals under the safe protection of the state. And the only way to reverse this trend into further technocratic tyranny is to recommit to our foundational principles and live them out. What made the West and what made our nations great must now guide us once again.

    Below is the full transcript of Speaker Johnson’s address as delivered: 

    Thank you, my dear friend, the Baroness. Good morning. I wish I could be there with all of you in person, and I am truly sorry that I’ve been prevented from making the trip now for the second year in a row. I was unexpectedly elected Speaker of the House just days before the inaugural ARC Conference in October 2023, and I had to send my last-minute regrets. And now, just days before this second conference that I had so much been looking forward to, I found myself once again with late breaking developments in Congress, this time involving our budget and government funding that simply doesn’t allow me to leave the country. But there’s no place I’d rather be than there with you this week as we had long planned, but I’m glad to at least have this opportunity to join you remotely. 

    We find ourselves in a very unique and consequential moment in history here in America and throughout the West. And I believe the timing of the ARC Conference is truly providential. I joined the ARC Advisory Board two years ago because I was so intrigued by the idea of bringing together so many thought leaders and change makers from around the world to, as we determined, ‘shape a hope-filled vision for the future.’ My friends, there really is great reason for our hope. 

    Here in America, as you are all seeing, we’re in the midst of a great change. In our national election a few months ago, our people delivered truly a mandate to make our country great again and to restore common sense in our public policy. Here and elsewhere, the radical big government progressives pushed that pendulum too far and too aggressively to the left, and the people rose up and said, enough. And now that pendulum is beginning to swing back to the center, and we’ve been given a once-in-a-generation opportunity to demonstrate now to our nation and the new demographics of voters who have come into our Republican Party for the first time, that it really is our conservative policies that lead to human flourishing, because they’re better for individuals and families and communities, individual states, and our nation as a whole.

    In recent decades, our government had become too large, too inefficient, and too powerful. And in too many cases, it had also been weaponized and corrupted. That is precisely what the framers of our Constitution feared and what political philosophers and historians over the centuries have warned against. Almost two centuries ago, Alexei de Tocqueville wrote of big government: “After having thus successfully taken each member of the community in its powerful grasp and fashioned him at will, the supreme power then extends its arm over the whole community. It covers the surface of society with a network of small, complicated rules, minute and uniform, which the most original minds and the most energetic characters cannot penetrate to rise above the crowd.”

    De Tocqueville noted that “such a power does not tyrannize, but it compresses, extinguishes, and stupefies a people till each nation is reduced to nothing better than a flock of timid and industrious animals of which the government is the shepherd.” Tocqueville called it soft despotism, a condition in which citizens voluntarily and gradually just surrender their rights and independence to the government, lured by the promise of security and stability. This kind of despotism doesn’t arrive through violence or open tyranny. Instead, it comes quietly, insidiously, through comfort and convenience. 

    Tocqueville warned of a future where citizens would become passive spectators in their own democracy, willful stewards of their carefully managed decline. Soft despots don’t break down your door and confiscate your weapons, they don’t arrest you in public for criticizing the government, and they don’t station soldiers on street corners to ensure your compliance. Soft despots ensure your compliance through normal democratic channels. 

    Regulations? Oh, they keep you safe. 

    Censorship? That’s to protect you from misinformation. 

    Surveillance? That’s necessary for your security, see.

    Dependence? It offers you stability. 

    And we see these forces at work in our society today. The architects of this soft despotism have taken shape too often as government bureaucrats and big tech and corporate elites, international institutions, media gatekeepers, and the welfare state. And their benevolent rule has given us nations without borders, grossly inefficient bureaucracies, a culture of surveillance, and a citizenry that is apathetic, distracted, and dependent. The dynamics are the same around the world. Whether you’re in Detroit or Manchester, Lyon or Berlin, the supreme power of big government has extended its arm over all of us. And the casualties of the soft despotism that’s taken hold have been the loss of our heritage, our national identities, our patriotism, and our prosperity. 

    In this civilizational moment, as our friend Oz Guinness describes it, will we choose renewal, replacement, or decline? In the U.S., we have just embarked on a new path of renewal. We are determined to bring about a new golden age in America, as President Trump says, and we are convinced that we can, if we return to the timeless foundational principles which lead to human flourishing. 

    The challenge we have today is ensuring that the current generations of our countrymen recognize and recommit to those principles. And what are they? In less than 17 months, the U.S. will celebrate the 250th anniversary of our Declaration of Independence. As G.K. Chesterton observed, “America was founded on a creed that is set forth with dogmatic and even theological lucidity,” he said. From. the second paragraph of the Declaration, “We hold these truths to be self-evident, that all men are created equal, they are endowed by their Creator with certain inalienable rights, that among these are life, liberty, and the pursuit of happiness, that to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed.”

    Of the 56 men who signed the Declaration, almost all of them professed to be Christians, and at least half of them had received formal religious training in their education. Having studied the Bible, they recognize that we are not simply born equal, but rather created equal and that it is our Creator who endows us with our rights and not the state. They also recognize that all of us are made in the image of our Creator and thus every single person has an inestimable dignity and value. And that value is not related in any way to the color of our skin or where we live or what our talents are or anything else. Our value is inherent because it is given to us by God. 

    The founders of our country also understood that man has a fallen nature and that fallen men with power and no accountability can become a serious problem. Because power corrupts and as Lord Acton observed, “absolute power corrupts absolutely.” So, our system of government was meticulously designed with careful safeguards, like the separation of powers and checks and balances. And our founders emphasized that a government of the people, by the people, and for the people, could not long survive without a vibrant practice of religious faith, because they understood that is a necessary element to foster personal responsibility and to keep a general moral consensus among the people. A healthy, self-governing society relies on the moral character of its citizens. 

    It’s ironic, but on this day in America, we’re observing one of our 11 federal holidays, and this one’s known as President’s Day, which originally began as an annual celebration of George Washington’s birthday. In his farewell address, the father of our country noted this. He said, “Of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports.” Our second president, John Adams, reminded his countrymen that the American Constitution was, “made only for a moral and religious people. It is wholly inadequate to the government of any other.” The founders emphasized the importance of balancing individual liberty with personal responsibility. And our fourth president, James Madison, argued that every citizen should put the nation above their own self-interest. 

    The timeless virtues that are rooted in the Judeo-Christian tradition served as the foundation of America and of all Western civilization. But in recent decades, changes have happened rapidly, and left-wing social movements have advanced very aggressively. Many world leaders, convinced that national borders were obstacles to unity and social progress, sought to dismantle them in favor of global integration. 

    But a key downside to the new global order is that it ultimately led to a devaluing of local communities and a weakening of national identity, which was replaced instead by a divisive new racial, sexual, and gender-based identity. If Americans aren’t American anymore, and Brits aren’t British anymore, and Germans aren’t German anymore, then naturally something else will fill the void. If everyone is a citizen of the world, then no one is really accountable any longer to their own nation or to their own local community. 

    Unfortunately, these ideas have taken hold. We have heard a little bit about polls this morning. Here’s a few more. 50% of Germans under the age of 30 say they feel more European now than German. Only 40% of Americans say they are extremely proud to be American. Only one in five British adults consider themselves to be very patriotic. This trend is reflected in political apathy and the growing tendency of people to simply submit to governments whose laws have become so offensively intrusive and whose centers of power feel distant and inaccessible. If there is nothing to fight for, then why fight at all? 

    This is the vision of the left, for the people to feel so powerless that they give in and just accept their fate as mindless vassals under the safe protection of the state. And the only way to reverse this trend into further technocratic tyranny is to recommit to our foundational principles and live them out. What made the West and what made our nations great must now guide us once again. 

    During his trip through America, Tocqueville marveled at what he said was, “The extreme skill with which the inhabitants of the United States succeed in proposing a common object for the exertions of a great many men and in inducing them voluntarily to pursue it.” Those neighbors and local volunteers joined together to found seminaries, hospitals, prisons, libraries, and schools. They built society together with their own hands. 

    In all of our shared history in the West, it has remained true that strong communities have formed a bulwark against tyranny. Strong mediating institutions ground us in the needs of our community and the outgrowth of these institutions formed the basis for a healthy, engaged citizenry. Edmund Burke called them “little platoons.” He was referring to the families and churches and civic organizations and community groups which began at the smallest, most local level. Burke argued this bottom-up voluntary approach to society would deepen our sense of duty and shared responsibility to one another and also act as an important safeguard against a distant state authority. 

    While the spirit of voluntary association is currently on life support throughout the West, it is not dead. We see it in America every time there is a natural disaster. I’ve participated in this as a local citizen, and I’ve witnessed it often as an elected official.

    This past September, Hurricane Helene made landfall in the United States. It was an historic storm. For five straight days, torrential rains and 100-mile-per-hour winds swept across the Atlantic, devastating homes and communities and businesses. It hit western North Carolina the hardest. As the Speaker of the House, tasked with ultimately passing the relief efforts through Congress, I wanted to take a trip to ground zero to witness the scope of this destruction and meet with the individuals whose aid our aid would eventually impact. 

    One of our first visits in the state was to the First Baptist Church in Swannanoa, North Carolina. When we arrived, we were met with what looked like a military-grade aid station. It was so impressive. There were doctors and nurses and carpenters and chefs and scores of volunteers. The storm knocked out almost all of their cell and internet service throughout the entire region. So, I asked the pastor’s wife at that church, how did all this come together? 

    She informed me that an elderly woman in the community, who had recently purchased an entire cow to store in her deep freezer for the winter months, had lost her home in the storm, but somehow the deep freezer had survived. She was worried that the hundreds of pounds of meat in her freezer would spoil without electricity, so she loaded it into a vehicle and dropped it off somewhere she knew it would go to good use, and that was the local church. 

    Neither the pastor nor his wife were trained butchers, but they knew they had hungry mouths in the community, so they turned their sanctuary into a makeshift butcher shop and started cooking for the surrounding people. As the smell of grilled beef wafted above the small town, citizens showed up. And they continued to show up. And from that point forward, the church became the central hub for disaster relief, organized not by the state or the federal government, but by local neighbors, the community. It filled in where the bureaucracy could not. 

    In times of disaster, local organizations are often the first to respond, well before the broken and bureaucratic federal agencies ever arrive. And they often have a much higher mission success rate, by the way. In my home state of Louisiana, organizations like the Cajun Navy, an interconnected group of volunteers with boats and trucks, have saved thousands of Louisianians during storms like Hurricane Katrina. 

    I tell these stories because they serve as evidence that strong communities, built on the spirit of voluntary association and shared responsibility are still very much alive. But it is a shame that it takes a natural disaster for us to recognize their value. This level of civic engagement should be the rule and not the exception, because the same principles that drive effective local action in times of crisis can also inform national policy and global leadership. 

    In the last line of the Declaration of Independence, our founders wrote the following, “For the support of this declaration, with a firm reliance on the protection of divine providence, we mutually pledge to each other our lives, our fortunes, and our sacred honor.” America’s founders were willing to die for the cause of liberty, and this acknowledgment in our nation’s birth certificate signaled a commitment that America would place our national interest over our individual interests, and those of foreign nations. 

    While we have gradually lost sight of this concept, the new American government is proof positive that we can rekindle that spirit once again. On this national holiday of ours, I’ll quote the president that I most fondly remember from my youth, and that’s Ronald Reagan. He reminded us of this famous admonition. He said, “We cannot escape our destiny, nor should we try to do so. The leadership of the free world was thrust upon us two centuries ago in that little hall in Philadelphia. In the days following World War II, when the economic strength and power of America was all that stood between the world and the return of the Dark Ages, Pope Pius XII said, the American people have a great genius for splendid and unselfish actions. 

    Into the hands of America, God has placed the destinies of an afflicted mankind.” American leadership clearly did help bring about decades of peace and economic growth and prosperity for the Western democracies. 

    In America, we still believe in peace through strength, and we still understand our role in the world. A strong America is good for free people everywhere because it helps to keep the terrorists and the tyrants at bay. But to maintain our strength and leadership, our foreign policy must be centered on our own national interest. It’s a matter of common sense for each of our countries to acknowledge that we must each take care of our own houses before we help take care of the neighborhood. As we seek to make America safer, stronger, and more prosperous, we will encourage all our friends and allies to do the same in and for their own countries. The survival of the West will depend upon that. And this is how we will turn the tides, by refocusing and marshalling our many shared interests toward our own national interest. 

    Recent elections in places France, Italy, like Netherlands and Germany signal that millions of freedom-loving people around the world share our concerns about unchecked power and the erosion of national sovereignty. As leaders in government, academia, media, and the arts, we must be prepared to steer their aims toward policies and mediating institutions that reduce government dominion over our lives and advance prosperity. In short, we must not let this civilizational moment pass us by. 

    So how do we do it? As leaders, we should be working at every level to shift control away from established power centers and back to the people. The local school board will not be nearly as powerful if there is a thriving parent-teacher association holding them accountable. The county commission’s grip on zoning laws is weakened when neighborhoods take control of development initiatives. And organizations like the World Economic Forum lose their dominance when organizations like our ARC seek to challenge their hegemony. 

    History has proven that centralized governments thrive when their subjects are powerless and indifferent. If we want to protect our rights from tyranny, we have to focus, work, and build closest to home. And we must hold our elected leaders accountable. 

    President Reagan reminded us of another thing. He said, “Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on so that they will know the same liberty, opportunity, and security that we have too often taken for granted.”

    This is our civilizational moment. The West is finally awakening once again. We have to seize this opportunity, and by God’s grace, we will. I hope you all enjoy this historic conference, and I thank you again for the opportunity to share with you this morning, and I so wish I was there in person. God bless you.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Trahan, Carey, Neguse, Duckworth, Curtis, Moreno Reintroduce Youth Poisoning Protection Act to Ban Commercial Sale of Lethal Chemicals

    Source: United States House of Representatives – Congresswoman Lori Trahan (D-MA-03)

    LOWELL, MA – Yesterday, Congresswoman Lori Trahan (D-MA-03) partnered with Congressmen Mike Carey (R-OH-15) and Joe Neguse (D-CO-02) as well as Senators Tammy Duckworth (D-IL), John Curtis (R-UT), and Bernie Moreno (R-OH) to reintroduce the Youth Poisoning Protection Act, bipartisan legislation that would ban the consumer sale of products containing high concentrations of sodium nitrite, a meat-curing chemical that can be lethal when ingested.

    “As a mom of two young girls, I’m committed to doing everything in my power to stop the devastating rise of youth suicide, one of the leading causes of death among teenagers in our country,” said Congresswoman Trahan. “The Youth Poisoning Protection Act takes direct, decisive action to stop the online sale of sodium nitrite, a lethal chemical that is being marketed to vulnerable individuals as a means to end their own lives. This is a commonsense, lifesaving measure, and Congress must act now to protect our young people and prevent further tragedies.”

    “Protecting our nation’s youth is crucial. The easy access of this harmful substance has resulted in senseless tragedies and has worsened the mental health crisis among America’s youth,” said Congressman Carey. “I am proud to work alongside Reps. Trahan and Neguse, and Sens. Duckworth, Curtis, and Moreno on this bipartisan, bicameral legislation to keep these deadly poisons out of the hands of our children.”

    A 2021 New York Times investigation into an online suicide forum found that sodium nitrite was being popularized and encouraged as an easily accessible method to die by suicide. The forum, which is disguised as a safe place to discuss suicidal ideation, hosts threads where anonymous users provide detailed instructions and real-time guidance on how to die by suicide using sodium nitrite. A 2021 toxicology publication based on data from the National Poison Data System (NPDS), one of the data sources used by the CDC, points to a rise in self-poisonings using sodium nitrite in the United States since 2017.

    There is no known recreational use for highly concentrated amounts of sodium nitrite, but at the time of the Times’ investigation, highly concentrated amounts of the poison were widely available on multiple e-commerce platforms, including with free two-day shipping on Amazon. Following outcry from lawmakers and victims’ families, Amazon and a number of other online marketplaces began removing sodium nitrite listings. In May 2023, a Canadian citizen was arrested and charged for shipping packages containing lethal amounts of sodium nitrite to over 40 countries, including 272 sales to individuals in the United Kingdom, of whom at least 88 people died.

    The Youth Poisoning Protection Act bans the sale of consumer products with a concentration of sodium nitrite greater than 10 percent.

    During her time in Congress, Trahan has consistently championed initiatives to address the mental health and youth suicide crisis. In 2022, she secured passage of the Garrett Lee Smith Memorial Act into law to support and strengthen youth suicide prevention efforts in schools across the country. This January, she reintroduced the Mentoring to Succeed Act, bicameral legislation that aims to provide a strong, sustainable support system through mentorship to ensure that children can successfully transition to high school, college, and the workforce. The same month, she was recognized as a congressional leader in the fight against the youth mental health crisis through her appointment as Co-Chair of the Bipartisan Mental Health and Substance Use Disorder Task Force, a bipartisan group of members of Congress focused on ending the addiction crisis.

    If you or someone you know is having suicidal thoughts, feeling at risk of suicide, or experiencing a state of distress, it is crucial to find help immediately. There are many resources available, including the 988 Suicide & Crisis Hotline which provides free, confidential support 24/7, and the Crisis Text Line which offers free crisis counseling 24/7. Dial 988 or text HOME to 741741 to connect with these services.

    ###

    MIL OSI USA News

  • MIL-OSI United Kingdom: 25th anniversary of the Stockholm Declaration on Holocaust Remembrance

    Source: United Kingdom – Executive Government & Departments

    The International Holocaust Remembrance Alliance commemorates 25 years of the Stockholm Declaration and looks ahead to the future of Holocaust remembrance.

    Lord Pickles addressing the event to commemorate the 25th anniversary of the Stockholm Declaration on Holocaust Remembrance.

    On Monday 17 February, the UK presidency of the International Holocaust Remembrance Alliance (IHRA) welcomed Heads of Delegation from the 35 IHRA Member Countries to London for an event to commemorate the 25th anniversary of the Stockholm Declaration on Holocaust Remembrance. We also invited key figures who played an important role in shaping international activity on Holocaust education, remembrance and research over the past 25 years, as well as Holocaust survivors, representatives of the Jewish community and civil society.

    The UK government is committed to international co-operation to promote education, remembrance and research about the Holocaust. The UK was one of the founding signatories of the Stockholm Declaration in 2000, through which we pledged that the terrible events of the Holocaust would remain forever seared in our collective memory.  This commemoration event provided an important opportunity to reflect on what has been achieved in terms of promoting Holocaust remembrance, and look ahead to the future. 

    IHRA Chair and UK Special Envoy for Post-Holocaust Issues Lord Pickles reflected on the achievements of the past 25 years. He noted that the pledges made 25 years ago were still as relevant today as they were in 2000. Lord Pickles stressed the importance of safeguarding Holocaust sites, opening up Holocaust-related archives, and the promotion of testimony and Holocaust-related objects. He also drew attention to the dangers caused by ongoing Holocaust distortion, adding that the truth can never harm us.

    Former Prime Minister Tony Blair and former US President Bill Clinton both addressed the audience via video message. They reflected on their efforts, alongside former Swedish Prime Minister Göran Persson, to strengthen international co-operation on Holocaust remembrance 25 years ago and to bring together world leaders to sign the Stockholm Declaration and form the IHRA.

    Looking ahead to the future, participants emphasised that further collective action was needed to tackle the challenges of Holocaust distortion and the global rise of antisemitism. The role of emerging technologies was also highlighted as an area to explore, given the potential to harness artificial intelligence as a force for good in Holocaust education. All agreed that it was essential to continue to educate about the facts of the Holocaust, to ensure the truth is never forgotten.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: Elite Capital & Co. Limited Reinforces Financial Integrity with International Standards

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 20, 2025 (GLOBE NEWSWIRE) — Mr. George Matharu, President and CEO of Elite Capital & Co. Limited, announced today that Elite Capital & Co. continues its financial integrity and operational excellence, through adherence to a suite of internationally recognised certifications, including ISO 37001 (Anti-Bribery Management Systems), ISO 27001 (Information Security Management), ISO 9001 (Quality Management Systems), AML Certification (Anti-Money Laundering), and an LEI Number (Legal Entity Identifier). These certifications are not merely accolades but a testament to Elite Capital’s unwavering commitment to fostering transparency, security, and ethical practices in the financial sector.

    “At Elite Capital, we understand that trust is the foundation of every successful financial partnership. By embracing these globally recognised standards, we are not only setting a new benchmark for excellence but also empowering governments and institutions to operate with unparalleled confidence and credibility,” Mr. George Matharu said.

    The significance of these certifications extends far beyond Elite Capital’s operations. For governments and their affiliated bodies, both locally and internationally, these standards represent a transformative step towards enhancing financial integrity and combating corruption. By partnering with Elite Capital, governments gain access to a financial management partner that prioritises transparency, accountability, and ethical practices, ensuring that public funds are managed with the utmost care and precision.

    Dr. Faisal Khazaal, Chairman of Elite Capital & Co. Limited and the Head of Government Future Financing 2030 Program, added, “In today’s interconnected world, financial integrity is not just a regulatory requirement—it is a cornerstone of sustainable development. Elite Capital’s commitment to these global standards reflects our vision of fostering trust and collaboration on both a local and international scale. We are proud to lead by example and support governments and institutions in building resilient financial systems that drive sustainable growth and public trust.”

    Elite Capital & Co. Limited is a Financial Management company that provides project-related services, including Management, Consultancy, and Funding, particularly for large infrastructure and mega commercial projects.

    Elite Capital & Co. Limited offers a wealth of experience in Banking and Financial transactions and has a range of specialised advisory services for private clients, medium and large corporations as well as governments. It is also the exclusive manager of the Government Future Financing 2030 Program®.

    Dr. Faisal Khazaal concluded his statement by saying: “Our mission is to redefine the future of financial management by combining innovation with integrity. As we move forward, we remain committed to delivering exceptional value to our clients, fostering trust, and setting new standards of excellence in the global financial landscape.”

    Key Highlights for Governments and Institutions:

    1. Enhanced Transparency and Accountability:

    Elite Capital’s certifications, particularly ISO 37001 and AML Certification, ensure that all financial operations are conducted with the highest levels of transparency. This is critical for governments seeking to build public trust and demonstrate accountability in managing public funds.

    2. Strengthened Financial Systems:

    By adhering to ISO 9001 and ISO 27001 standards, Elite Capital helps governments and institutions strengthen their financial systems, ensuring efficiency, security, and resilience against emerging threats.

    3. Global Compliance and Collaboration:

    The LEI Number and AML Certification facilitate seamless compliance with international regulations, enabling governments to engage in cross-border transactions with confidence and ease.

    4. Combating Corruption:

    Elite Capital’s Anti-Bribery Management System (ISO 37001) provides governments with a robust framework to combat corruption, ensuring that financial operations are free from unethical practices.

    5. Building Public Trust:

    By aligning with Elite Capital, governments can reinforce their commitment to ethical practices, fostering trust among citizens, investors, and international partners.

    Mr. George Matharu concluded his statement by saying: “This announcement underscores Elite Capital & Co. Limited’s pivotal role in shaping a more transparent, secure, and ethical financial future for governments and institutions worldwide. By setting new standards of excellence, Elite Capital continues to lead the way in redefining global financial integrity.”

    Contact Details –

    Elite Capital & Co. Limited

    33 St. James Square

    London, SW1Y4JS

    United Kingdom

    Telephone: +44 (0) 203 709 5060

    SWIFT Code: ELCTGB21

    LEI Code: 254900NNN237BBHG7S26

    Website: ec.uk.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ce9aba72-2c21-4cb1-a4f9-f7303987e0a5

    The MIL Network

  • MIL-OSI United Kingdom: Feast of family fun planned for St Patrick’s Day Spring Carnival celebrations

    Source: Northern Ireland – City of Derry

    Feast of family fun planned for St Patrick’s Day Spring Carnival celebrations

    20 February 2025

    Tens of thousands of people are expected to throng the streets of Derry this St Patrick’s Day as Derry City and Strabane District Council this week announced a comprehensive programme of music, dance, food and folklore for its 2025 Spring Carnival celebrations.

    This year’s programme will incorporate the theme of Forest, Sky and Sea as the city celebrates the arrival of spring and brighter days with activity planned for Guildhall Square, the Craft Village, Waterloo Place and the Guildhall,

    The centrepiece will again be the North West Carnival Initiative’s renound Spring Carnival Parade through the city centre at 3pm featuring flamboyant performances from local dance groups, sports clubs and community organisations.

    Mayor of Derry City and Strabane District Council, Councillor Lilian Seenoi-Barr, who will lead the parade with St Patrick, launched the full programme this week on the city walls where the parade will pass through Shipquay Gate.

    “As the days get longer and colour returns to our green spaces, excitement is starting to build for our 2025 St Patrick’s Day Spring Carnival celebrations,” she said.

    “It’s a great day out for all the family with lots of activity and entertainment planned for around the city centre.

    “It’s always a magnificent sight to see hundreds of colourful parade performers weaving their way around the city centre in front of thousands of spectators and I can’t wait to be part of that.”

    Festival and Events Manager at Council, Jacqueline Whoriskey, revealed that last year’s event attracted record numbers to the city centre.

    “The St Patrick’s Day Spring Carnival is packed with unmissable festivities, offering something for everyone to enjoy,” she said.

    “From live music to captivating street performances and walkabout characters, the city will come alive with energy and excitement.

    “We adopted a city centre route for the parade in 2019 and that has proved popular with participants, attendees and businesses and attracted its highest ever attendance last year of 32,500 people.”

    The full programme for the 2025 Spring Carnival celebrations for Derry and Strabane can be accessed now at derrystrabane.com/springcarnival.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Oxford City Council calls for potential development sites

    Source: City of Oxford

    Published: Thursday, 20 February 2025

    Oxford City Council is asking people to suggest sites which could be suitable for future development to inform the creation of its next Local Plan.

    The Local Plan 2042 will guide all planning decisions in Oxford for the next 17 years.  

    The Council wants to hear from landowners, developers and others who know of sites with a potential range of future uses. Sites must be wholly or partly within Oxford’s administrative boundaries. 

    The Council will then fully assess sites capable of delivering 10 or more homes, 500m2 of employment floorspace or are bigger than 0.25 hectares. 

    Submission of a site for consideration does not mean it will be included in the Local Plan or get planning permission in future. 

    The Council will also consider sites included in the preparation of earlier Local Plans. However, it encourages people to provide updates if any details have changed. 

    For consideration, people should submit details of sites by 17 March 2025. This can be done using the Council’s online webform.  

    Anyone with questions before submission can contact the Planning Policy team at planningpolicy@oxford.gov.uk or call 01865 252847. 

    Comment 

    “Oxford is growing and it needs to do so in a way that works for everyone. We are actively encouraging landowners to put forward sites for development, particularly for housing. This is an important step in shaping our future development and we want to hear from people about land that could potentially help meet our city’s needs.” 

    Councillor Louise Upton, Cabinet Member for Planning

    Frequently asked questions about the call for sites 

    Next steps for the Local Plan 2042 

    The Council is set to carry out two rounds of public consultation later this year as it completes preparation of the Local Plan 2042:  

    The Council aims to submit the plan to the Planning Inspectorate for examination in April 2026.  

    Once the plan is submitted the timescale for approval is in the hands of planning inspectors. However, public hearings could be held late next year and the Local Plan 2042 adopted in the spring of 2027. 

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Council welcomes jail term for payments cheat

    Source: City of Coventry

    A Coventry woman has been jailed after fraudulently claiming over £17,000 in financial support to care for her mother up to two years after she had died.

    Agnieszka Macugowska, aged 45, was jailed for a total of 31 months when she appeared at the Crown Court sitting at Warwick.

    The court heard that her mother had a care plan with Coventry City Council that started in 2015.

    She received a cash payment to cover support for 15 hours and 45 minutes a week, which she managed with support from her daughter. The payment started at £184.28 per week which in April 2019 was raised to £191.36 per week.

    In 2020, when the Council failed to receive information so it could continue to monitor payments, Agnieszka Macugowska told them her mother still lived in Coventry, but had changed doctors and travelled abroad for medical treatment. 

    She then provided information to the Council to support the use of the direct payment, including timesheets completed by her mother’s carer and her insurance certificate.  

    The Council then carried out a home visit in late 2020 where they met Agnieszka Macugowska, along with a woman introduced as her mother and a woman presented as her carer.

    However, following further inquiries, the Council found the mother had, in fact, died in November 2018 whilst abroad. 

    In welcoming the sentence, Cllr Abdul Salam Khan, Deputy Leader of Coventry City Council, and Cabinet Member for Policing and Equalities, said:

    “There are so many people in our city who are going through tough times caring for loved ones, and that brings an incredible emotional and financial strain.

    “The Council works with relatives to give the support they need, but sadly there are some unscrupulous people who think they can exploit the system and secure financial gain for themselves. This does not just come at the expense of the Council, but also for others struggling to make ends meet.

    “It is well known that Coventry, like all local authorities, is facing severe pressure on its budget, and a lot of that is because of the increasing costs in caring for adults and children and supporting the most vulnerable in our community.

    “It is a responsibility we take very seriously and we work hard to help as many as we can, and we will not stand by and let the system be exploited. As in this case, we will investigate and ensure those who steal from others are prosecuted.

    “We welcome the finding of this case and the sentence imposed. Hopefully it will serve to show others the severe consequences they face if they break the law.”

    The falsely claimed sum of more than £17,000 has successfully been recovered by the Council.

    MIL OSI United Kingdom

  • MIL-OSI: STMicroelectronics to enable higher-performance cloud optical interconnect in datacenters and AI clusters

    Source: GlobeNewswire (MIL-OSI)

    STMicroelectronics to enable higher-performance cloud optical interconnect in datacenters and AI clusters 

    • New silicon photonics and next-gen BiCMOS proprietary technologies bring better performance to address the coming 800Gb/s and 1.6Tb/s optical interconnects.
    • Developing a roadmap with partners across the value chain for higher energy efficiency pluggable optics and to address the next generation of AI clusters GPU interconnects.

    Geneva, Switzerland, February 20, 2025 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, is unveiling its next generation of proprietary technologies for higher-performing optical interconnect in datacenters and AI clusters. With the exponential growth of AI computing needs, challenges arise in performance and energy efficiency across computing, memory, power supply, and the interconnections linking them. ST is helping hyperscalers, and the leading optical module provider, overcome those challenges with new silicon photonics and next-gen BiCMOS technologies, scheduled to ramp up from the second half of 2025 for 800Gb/s and 1.6Tb/s optical modules.

    At the heart of interconnections in a datacenter are thousands, or even hundreds of thousands, of optical transceivers. These devices convert optical into electrical signals and vice versa to allow data flow between graphics processing unit (GPU) computing resources, switches and storage. Inside these transceivers, ST’s new, proprietary silicon photonics (SiPho) technology will bring customers the ability to integrate multiple complex components into one single chip, while ST’s next-gen, proprietary BiCMOS technology brings ultra high-speed and low power optical connectivity, which are key to sustain the AI growth.

    AI demand is accelerating the adoption of high-speed communication technology within the datacenter ecosystem. This is the right time for ST to introduce new power efficient silicon photonics technology and complementing it with a new generation of BiCMOS for our customers to design the next wave of optical interconnect products, which will enable 800Gbps/1.6Tbps solutions for the hyperscalers,” said Remi El-Ouazzane, President, Microcontrollers, Digital ICs and RF products Group at STMicroelectronics.Both technologies will be manufactured on 300mm processes in Europe, bringing customers an independent high-volume supply for two key components of their optical module development strategy. Today’s announcement represents the first step for our PIC product-family and, thanks to close collaboration with key partners across the entire value chain, our ambition is to become a key supplier of silicon photonics and BiCMOS wafers for the datacenter and AI cluster market, be it pluggable optics today or optical I/O tomorrow.”

    “AWS is pleased to collaborate with STMicroelectronics to develop a new silicon photonics technology (SiPho), PIC100, that will enable interconnection between any workload including Artificial Intelligence (AI). AWS is working with STMicroelectronics based on their demonstrated capability to make PIC100 a leading SiPho technology for the optical and AI market. We are enthusiastic about the potential innovations this will unlock for SiPho,” said Nafea Bshara, Vice President and Distinguished Engineer at Amazon Web Services.

    The Pluggable Optics for Data Center Market is experiencing significant growth, valued at $7 billion in 2024,” said Dr. Vladimir Kozlov, CEO and Chief Analyst at LightCounting. “This market is expected to grow at a Compound Annual Growth Rate (CAGR) of 23% during 2025—2030 to exceed $24 billion at the end of this period. Market share of transceivers based on silicon photonics modulators will increase from 30% in 2024 to 60% by 2030.”

    Additional information

    ST’s SiPho technology combined with the ST BiCMOS technology are a unique 300mm silicon platform to serve the optical market. Both technologies are being industrialized and will be manufactured in ST’s Crolles (France/Europe) 300mm fab.
      
    Additional technical information is available at ST.com on BiCMOS technology and Silicon Photonics.

    You can also read our blogpost at https://blog.st.com/pic100/

    About STMicroelectronics
    At ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 by 2027. Further information can be found at www.st.com.

    INVESTOR RELATIONS
    Jérôme Ramel
    EVP Corporate Development & Integrated External Communication
    Tel: +41.22.929.59.20
    jerome.ramel@st.com

    MEDIA RELATIONS
    Alexis Breton
    Corporate External Communications
    Tel: +33.6.59.16.79.08
    alexis.breton@st.com

    Attachments

    The MIL Network

  • MIL-OSI: MEXC Launches PAIN (PAIN) Airdrop+ with Spot and Futures Trading, Offering 270,000 USDT in Bonuses

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 20, 2025 (GLOBE NEWSWIRE) — MEXC, the world’s leading cryptocurrency trading platform, announced the listing of the PAIN (PAIN) on both spot and futures markets, scheduled for February 20, 2025, at 01:05 (UTC). The launch on MEXC will be accompanied by Airdrop+ rewards of 270,000 USDT.

    Unleashes the Power of PAIN: The Meme That Took Over the Internet Goes Crypto

    Inspired by the legendary “Hide the Pain Harold” meme, which has entertained the internet for over 14 years, PAIN represents more than just a token—it embodies resilience, humor, and the idea that what doesn’t kill you makes you stronger. PAIN’s meme identity is rooted in the viral images of András István Arató, a retired Hungarian electrical engineer whose iconic awkward yet polite smile became a universal symbol of concealed struggle. Over the years, Arató has embraced his internet fame, securing brand deals with Coca-Cola, starring in TV shows, and even hosting Hungary’s annual sports awards. Now, PAIN makes its mark in the crypto world, connecting its long-standing internet legacy with the rapidly growing meme coin sector.

    As a global leader in digital asset trading, MEXC’s listing of PAIN highlights the growing influence of meme culture in Web3 and the expanding role of community-driven tokens. By offering strong liquidity, broad market access, and dedicated trading support, MEXC provides the perfect environment for PAIN to thrive.

    To celebrate the listing, MEXC is also launching a $270,000 reward pool across two major activities, allowing users to engage with PAIN, explore the meme-powered economy, and be part of one of the most entertaining narratives in the digital asset space.

    Celebrate the PAIN Launch with a prize pool of 270,000 USDT

    In a significant show of support for PAIN and its expansive ecosystem, MEXC is set to list the new PAIN token. This move not only underscores MEXC’s commitment to pioneering blockchain projects but also connects users with a dynamic network that fuels cutting-edge initiatives.

    MEXC, known for quickly listing trending tokens, expands its offerings with PAIN (PAIN). The PAIN/USDT trading market officially launched in the Innovation Zone on February 20, 2025, at 01:05 (UTC), followed by the introduction of the PAIN USDT perpetual futures at 01:23 (UTC), offering adjustable leverage from 1x to 50x with both cross and isolated margin modes.

    To celebrate the listing of PAIN (PAIN) on MEXC Spot and Futures on February 20, MEXC is launching a series of exclusive activities starting on February 20, 2025, at 07:00 (UTC). Participants will have the chance to win USDT bonuses, and other exciting rewards, with opportunities available for both new and experienced users.

    These activities include:

    • Event 1: Airdrop+

    Benefit 1: Deposit and share 200,000 USDT in Futures bonus (New user exclusive).
    Benefit 2: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (Open all users).
    Benefit 3: Invite new users and share 20,000 USDT in Futures bonus (Open to all users).

    • Event 2: Spread the Word and Win 1,000 USDT in Bonus.

    Your Easiest Way to Trending Tokens

    MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 30 million by providing a diverse selection of tokens, high-frequency airdrops, and simple participation processes. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This content is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7a0aa8f2-bfba-4145-9b11-4629db3d330c

    The MIL Network

  • MIL-OSI United Kingdom: MAIB Data Portal update

    Source: United Kingdom – Executive Government & Departments

    The MAIB Data Portal 6 month update, with additional data from 2024 to 2022.

    The MAIB Data Portal has been live for just under 6 months. Data was initially only available for marine accidents reported to the MAIB in 2023. Today, that data has been updated to include marine accidents reported in 2022, 2023, and 2024. Work continues to make available data from 2020 and 2021. Data for 2025 and beyond will be released at regular intervals in the future.

    The MAIB’s goal to improve safety of life at sea and prevent future accidents is a key driver for providing the public and industry with marine accident data to highlight key insights and drive safety improvements.

    Visit the MAIB Data Portal to access the service, where you can view a prepared dashboard and download any combination of 3 CSV files and a Power BI data set file with a copy of the online dashboard and CSV files embedded.

    Please note that if you have used data previously published, it may differ slightly from the latest update as accidents have been investigated and additional information has come to light.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Pledge on waiting times exceeded

    Source: Scottish Government

    “Our plan is delivering” – Health Secretary.

    The pledge to carry out 64,000 surgeries and procedures with additional funding by the end of March 2025 has been exceeded, new figures released to Parliament reveal.

    More than 75,500 NHS surgeries and procedures were delivered between April 2024 the end of January 2025, around 11,500 more than pledged.

    Funded through £30 million investment, the targeted activity has resulted in significant reductions in inpatient/daycase waiting lists across a number of health board areas and specialities. Between April 2024 and September 2024 there has been:

    • a 44% decrease in Imaging waits at NHS Fife
    • a 22% decrease in Urology waits at NHS Forth Valley.
    • a 19% decrease in Ear, Nose and Throat waits at NHS Highland
    • an almost 15% decrease in Ophthalmology waits at NHS Lanarkshire
    • an almost 10% decrease in General Surgery waits at NHS Lothian.

    The targeted funding has also helped reduce the total national waiting list size between April 2024 and September 2024 for imaging by 7.5% and for scopes by 7.3%.

    In April 2024 the Scottish Government funded NHS boards to deliver 64,000 procedures (40,000 diagnostic procedures, 12,000 surgeries and 12,000 new outpatient appointments) by March 2025. By January 2025, 56,500 diagnostic procedures, almost 9,200 surgeries, and over 9,800 outpatient appointments took place.

    The Scottish Government will continue to monitor the impact of the funding until the end of March 2025 with boards reporting they expect to see further progress.

    Latest published data also shows a rise in planned care activity between April 2024 and September 2024 compared to the same period in 2023 – with an 8.3% increase in inpatient/daycase procedures and a 2.5% increase for new outpatient appointments.

    Health Secretary Neil Gray said:

    “I am pleased to see health boards are now reporting the tangible impacts of our investment to clear the longest waits. Our plan is delivering and we are seeing progress across a number of speciality areas. I thank staff for their outstanding effort in carrying out this additional activity which is having a positive impact on people’s lives.

    “This is a good start, however, we know many people are still waiting too long. We are determined do more and our 2025-26 Budget, with cross-party support now agreed, will provide a record £21.7 billion for health – including £200 million to help clear waiting list backlogs, improve capacity and reduce delayed discharge.

    “This record funding will help us ensure no one waits more than 12 months for a new outpatient appointment or inpatient/daycase treatment by March 2026. We will also deliver over 150,000 extra appointments and procedures in the coming year which will ensure people receive the care they need as quickly as possible.”

    Background

    In April 2024, the Scottish Government announced £30 million, allocated for Q1 of this financial year, to tackle waiting times. The Scottish Government pledged to deliver around; 12,000 additional procedures, 40,000 extra diagnostic procedures and 12,000 new outpatient appointments.

    NHS Boards have provided regular management progress reports to Scottish Government on the activity delivered through the additional funding. These reports are the data source for the 75,500 figure.

    Stage of treatment waiting times – Inpatients, day cases and new outpatients quarter ending 30 September 2024

    Diagnostic waiting times – Waits for key diagnostic tests 26 November 2024

    Written question and answer: S6W-35115 | Scottish Parliament Website

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: East Midlands: Kerry and Neil’s inspiring fostering story

    Source: City of Derby

    Kerry and her husband Neil have been fostering for Derbyshire County Council for 12 years, caring for children of all ages—from newborns to 17-year-olds. Their experience spans a wide variety of placements, including short breaks, long-term fostering, and emergency care.

    The decision to foster came after their twin sons went to university, and Kerry took voluntary redundancy from the NHS. Fostering had been on their minds since their sons were teenagers, but the timing wasn’t right due to the demands of parenting and a busy career. When the opportunity arose, Kerry saw an advert for fostering with Derbyshire County Council and felt it was the perfect moment to begin their journey.

    Reflecting on the fostering application process, Kerry describes it as both supportive and thorough. Although she initially found the detailed questions daunting, she came to appreciate their purpose. “The process is there to make sure fostering is right for you and that you’re able to provide thoughtful and professional care,” she explains.

    For Kerry, fostering is about more than offering a loving home—it’s about being a professional parent. Over the years, she and Neil have undergone extensive training, particularly in therapeutic parenting, to help them understand and address the unique needs and traumas of children in care. “The training and experience have made me more thoughtful and professional in my parenting,” Kerry says. “Intuition alone isn’t enough when it comes to meeting the complex needs of foster children.”

    There have been many memorable moments during their fostering journey. One of the most special was adopting their daughter, who they initially fostered from birth. Kerry also recalls helping a young boy overcome his fear of confined spaces. Through patience and trust-building, the boy was eventually able to explore a cavern with the family—a moment of triumph for everyone.

    Fostering has also had a profound impact on the couple’s twin sons, who grew up alongside the foster children. The experience taught them empathy and caring instincts that have carried into their adult lives. One of the twins, now a father, has been praised for his natural ability with babies—something he attributes to fostering.

    To stay supported, Kerry and Neil are part of a monthly foster carer coffee and chat group, which provides a space to share experiences and advice. They also benefit from the consistent support of their supervising social worker, who has worked with them throughout their 12-year fostering journey. Their extended family is deeply involved as well, offering additional help and encouragement.

    For those considering fostering, Kerry has some advice:

    Don’t be scared off by the assessment process. While it may seem intense, it’s there for a reason—to make sure fostering is the right fit for you. The rewards far outweigh the challenges, and the difference you can make in a child’s life is immeasurable.

    Kerry also emphasises the many benefits of fostering through a local authority like Derbyshire County Council. She appreciates the close-knit team approach and the strong relationships they’ve built with social workers and fellow carers, which offer a level of support and connection that private fostering agencies simply can’t match.

    Fostering has been one of the most rewarding experiences of our lives. The support we’ve received and the relationships we’ve formed have made all the difference.

    Councillor Nadine Peatfield, representing the Lead Council’s Cabinet Member for Foster East Midlands praised Kerry and Neil’s dedication, saying:

    Kerry and Neil’s commitment to fostering over the past 12 years is truly inspiring. Their unwavering care and compassion have provided countless children with stability, love, and a brighter future. They exemplify the incredible work that foster carers across the East Midlands do every day. We are deeply grateful for their efforts and proud to have them as part of our Foster for East Midlands community.

    If you’re inspired by Kerry and Neil’s story, why not consider fostering? Join the incredible network of foster carers who are changing lives across the East Midlands. Contact Foster for East Midlands, your local council fostering team for Derbyshire, Derby City, Nottingham City and Nottinghamshire councils. Call 03033 132 950 or visit the website at fosterforeastmidlands.org.uk to learn more. 

    MIL OSI United Kingdom

  • MIL-OSI Security: Over 1,000 top-venting blank firers handed in

    Source: United Kingdom National Police Chiefs Council

    With less than 10 days remaining of national gun amnesty.

    Police forces across England and Wales have seen over 1,000 Turkish manufactured guns handed in as part of a national amnesty currently taking place for owners, of soon to be outlawed blank firing guns, to hand them over to police.

    The top-venting blank firing (TVBF) guns have become popular with organised criminals in recent years due to the ease at which they are readily convertible into lethal firearms. Tests by the National Crime Agency and policing, funded by the Home Office, show models produced by four Turkish manufacturers are readily convertible and therefore illegal. TVBFs are legal to buy in the UK without a licence by over 18s unless they are readily convertible.

    Police forces across England and Wales have been holding a four-week Firearms Amnesty for Turkish manufactured TVBFs namely models with the brand names ‘Retay’, ‘Ekol’, ‘Ceonic’ and ‘Blow’, although anyone with a TVBF who is unsure of whether the law change applies to them has been given the simple advice – if in doubt, hand it in.

    Assistant Chief Constable Tim Metcalfe, National Police Chiefs’ Council Lead for the Criminal Use of Firearms, said: “These weapons are readily convertible and therefore have been outlawed. Only with the public’s support can we get these potentially lethal weapons off the streets.

    “What we have seen so far this month that the public have taken onboard the message and are visiting their local police station to hand in these weapons. It is important the public hand in these weapons to avoid them being used by criminals.

    “Taking these weapons off the streets will stop them from being converted and go a significant way to help protect the public.

    “With less than 10 days until the amnesty finishes, I would urge anyone with a Turkish manufactured TVBF to hand it in to their local police force. If you are in doubt whether yours is one of the brands, I would encourage you to hand it in to the police.”

    So far, the amnesty has seen the following items handed in:

    • 1,000 Turkish manufactured top-venting firers
    • 3,000 rounds of ammunitions surrendered; this is primarily blank ammunition

    The amnesty started on 3 February and is due to end next week on Friday 28 February 2025, after which anyone in possession of a TVBF could be subject to prosecution and up to 10 years imprisonment.

    In their original state TVBFs have a fully blocked barrel and are designed to discharge only blank cartridges. When discharged, combustion gases vent from the top of the weapon. TVBFs are sold with at least 50 per cent of their visible surface painted a bright colour however, criminals may paint them black so they look like an original lethal purpose (OLP) weapon as well as convert them to a lethal purpose firearm.

    Policing Minister, Dame Diana Johnson said: “Illegal firearms are dangerous and life-threatening, which is why we have such strong controls on them and we continue to keep all relevant laws under constant review.

    “That’s why it’s important for any member of the public to hand these blank firers into their local police station, as it’s vital to take these illegal weapons off our streets to protect public safety.”

    Since 2021, UK law enforcement has recovered more than 1,000 converted TVBFs in criminal circumstances. Firearms legislation has not changed; the weapons are illegal to own under the Firearms Act 1968 as they can be readily converted using common household tools and without specialist skill on the part of the person carrying out the conversion. Recent testing completed by the NCA has demonstrated this. Police are asking people to hand in any TVBFs before 28 February 2025 to help them avoid prosecution and prevent these pistols getting into the wrong hands.

    Many TVBFs may be held in innocence and ignorance of their illegality or may be overlooked or forgotten in people’s homes. The amnesty gives holders the chance to dispose of the TVBFs safely by taking it to a local police station and handing it in.

    NCA Deputy Director, Charles Yates, said: “These four Turkish brands have appeared routinely in investigations and there had been a strong demand for them from organised criminals. They posed a significant threat.

    “Preventing the sale of these illegal guns will make it harder for offenders to acquire a firearm. By surrendering their top-venting blank-firers, members of the public have helped us in our ongoing mission to keep communities safe.

    “The amnesty is just one example of how the NCA and policing work together relentlessly to protect the public from the threat of firearms.”

    Other unwanted, unlicensed firearms and ammunition may be surrendered to police at any time which will avoid the risk of them becoming involved in criminality and means that members of the community can dispose of firearms in a safe place.

    Up until Friday 28 February 2025, those handing in a Turkish manufactured TVBF will not face prosecution for the illegal possession and will not have to give their details. However, the history of any live firearms handed in will be checked for evidence if its use in crime.

    Top-venting blank firers can be handed in at designated police stations across England and Wales but anyone handing one during the Firearms Amnesty is advised to check with their local force regarding station locations and opening times for the amnesty. To receive advice on how best to transport the weapon responsibly from home to the police station phone 101 before travelling.

    If you know of people involved in illegal firearms activity should call the Police on 101 or Crimestoppers on 0800 555 111. Every call to Crimestoppers is anonymous and potentially vital to preventing or solving serious crimes; removing an illegally held firearm may just save someone’s life.

    MIL Security OSI

  • MIL-OSI Economics: New dishes in Lufthansa Business Class on short and medium-haul routes

    Source: Lufthansa Group

    Lufthansa is improving the travel experience of its passengers with new meals on short and medium-haul flights in Business Class from February 26. The new catering concept offers travelers even more choice of hot and cold dishes and passengers can look forward to new delicious starters, main courses and desserts. It combines local cuisine and European influences. Great importance is attached to selected, high-quality ingredients from all over Europe. The new meals were created jointly by celebrity chef Johann Lafer, Lufthansa’s culinary teams and catering partner Gate Gourmet.

    Greater variety: On routes with a flight time of around two hours, Lufthansa passengers will in future be able to choose from a wider range of vegetarian and non-vegetarian cold dishes. On long routes with a flight time of three hours or more, travelers will be able to choose between three hot dishes instead of the previous two.

    Anyone who wants to put together their menu before the flight can do so free of charge and conveniently from home with “Pre-Select” – pre-ordering from a selection of up to nine hot dishes is possible for flights lasting more than two hours. This allows guests to enjoy a wider choice of meals and at the same time supports optimized planning, which promotes a more sustainable use of food. The more targeted loading reduces overstocking and thus the disposal of food.

    “The introduction of ‘Pre-Select’ on Lufthansa’s short and medium-haul routes underlines our ongoing efforts to offer our guests a consistently high-quality and uniform travel experience,” says Caroline Drischel, Senior Vice President Customer Journey Lufthansa Group. “The option of pre-ordering meals is already offered on SWISS flights and is also planned for Austrian Airlines.”

    “When developing the meals, we attached great importance to regional origin and sustainability,” says Heiko Reitz, Chief Customer Officer Lufthansa Airlines. “We made a conscious decision to use local and selected European products. Lufthansa guests can look forward to a new treat for the palate.”

    MIL OSI Economics

  • MIL-OSI United Kingdom: Regional growth to be boosted by £67 million for culture projects

    Source: United Kingdom – Government Statements

    Growth in jobs, tourism and regional regeneration to be ushered in by funding for major cultural projects across the UK

    Regional growth and regeneration will get a much-needed boost as 10 major culture projects across the UK will receive more than £67 million, the government confirmed this week.  

    Funding will be ‘critical’ in showcasing the UK as a world-leader in culture and bring in visitors from across the globe.   

    Just as importantly this will help drive growth in all parts of the country – a key element of the government’s Plan for Change – by creating jobs and in some cases building new homes.   

     Projects receiving funding are:    

    • £15 million for the National Railway Museum in York, will go towards the construction of a new building, Central Hall, which will include a new entrance to the museum, a new gallery, retail, café, flexible event space and new visitor facilities. The museum is part of a wider mixed-use regeneration scheme in York to transform underused railway land into a new city quarter which could create more than 3,000 new homes, new office, retail and hospitality space, contributing to more than 6,000 new jobs and £1.6 billion in economic value to the region.   

    • £10 million to start the process of revamping ‘Temple Works’ in Leeds a derelict Grade 1 building, bringing it into public ownership; paving the way for it to house the British Library North in the future and unlock further regeneration of new housing and commercial development on surrounding sites.  

    • £10 million for the International Slavery Museum and the Maritime Museum in Liverpool, to expand and maintain the museums which play a crucial role in the wider reimagining of the Liverpool Waterfront.   

    • £5 million for the National Poetry Centre in Leeds that will renovate a redundant Grade 2 Listed building to create a national headquarters for poetry and bolster Leeds’ reputation as a regional centre for culture and creativity.    

    • £5 million for City Centre Cultural Gateway in Coventry, that will support the repurposing of the former IKEA building in Coventry city centre to become a new cultural and visitor attraction.    

    • £2.3 million to three cultural projects in Worcester, these three projects will deliver new cultural and public spaces around the Scala arts venue:   

    • A new Scala Co-Working Space will be created to provide an onsite office and studio space for artistic companies to create work.    

    • Two mezzanine floors of the Corn Exchange building will be brought back into use through the creation of Next Level Food which will provide a new space for more events and exhibitions and modern catering facilities will be    

    • A new welcoming social space for younger generations will be created through the Angel Place is Your Space hub   

    • £10 million for Venue Cymru in Conwy, Wales, will upgrade the largest Welsh arts centre outside Cardiff and deliver a step-change in the use of the building, including the relocation of the existing library and Tourist Information Centre to create a modern and innovative cultural hub.   

    • £5 million for Newport Transporter Bridge, Wales, that will fund vital repair and maintenance works to Newport Transporter Bridge, which plays a crucial role in the tourism economy as a visitor attraction in South Wales.   

    • £2.6 million for the Victoria and Albert Museum in Dundee, Scotland, that will expand and recurate the existing Scottish Design Galleries telling the story of Scottish design to create an improved destination and visitor experience.    

    • £2.2 million for Shore Road Skills Centre in Belfast, Northern Ireland, that will see the redevelopment of the South Stand at the Crusaders FC into a unique state of the art community education, event and skills centre  

    Deputy Prime Minister Angela Rayner said:    

    Every corner of the UK has something unique to offer, and our rich creative capital must not be underestimated.    

    Our Plan for Change promises growth for every region and I’ve seen first-hand how these projects are igniting growth in their communities.   

    Through investing in these critical cultural projects we can empower both local leaders and people to really tap into their potential and celebrate everything their home town has to offer. This means more tourism, more growth and more money in people’s pockets.”   

    Alex Norris, Minster for Local Growth, said:    

    The benefits of these fantastic projects go far beyond community and county borders, they are key to unlocking a regional and nationwide celebration of UK culture and creativity as well as driving growth and regeneration.    

    This investment marks a huge step forward in our decade of national renewal as committed to in our Plan for Change – creating jobs and boosting tourism and regeneration in our regions is the type of long-term, sustainable growth the government is prioritising to ultimately put more money in people’s pockets.”   

    Culture Secretary, Lisa Nandy said:   

    Everyone across the country should be able to access arts and culture in the place they call home. This support will empower our cultural organisations to continue playing an essential role in developing skills, talent and high-quality careers in every corner of the UK.”  

    These projects will celebrate and raise awareness of the unique social value and cultural history of the UK while also supporting crucial economic growth through creating local jobs and attracting tourism on a national scale.    

    Projects that are most advanced and will see benefits spread beyond regional borders and attract investment have been prioritised to maximise public spending and deliver long-term growth.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Ofqual seeks views on improvements to supporting compliance for AOs

    Source: United Kingdom – Executive Government & Departments

    The regulator is to refine its approach to ensure awarding organisations continue to offer high quality qualifications. 

    Changes to improve the way Ofqual both supports compliance and takes regulatory action were put out for consultation today.  

    The changes are designed both to support awarding organisations and ensure that enforcement action, when it is needed, is proportionate and fair, to maintain the standards of qualifications that students and the public rely on.

    The updated approach introduces proposals to better explain the way in which the regulator uses its powers. It also proposes revised and more efficient processes for dealing with regulatory breaches and a new sanction.

    Proposals include:  

    • a streamlined process for settling simple cases quickly, where organisations agree they have breached Ofqual’s conditions  

    • a new sanction of a public rebuke from the regulator in cases where it’s right that a failure to follow regulatory rules be addressed formally and publicly, but where a fine may not be proportionate

    Where cases are not contested, it is proposed that the chief regulator will have the power to decide that a final decision can be made by a single decision-maker.

    Deputy Chief Regulator Michael Hanton said:  “The 11 million certificates awarded for regulated qualifications in England each year are intrinsic to our education system, the economy, and wider society. Ofqual’s job is to be the guardian of standards and quality in those qualifications.

    “Like all regulators, we want those we regulate to comply with our rules, so that standards are maintained. These proposals are intended to bring clarity about how we will both support compliance and also take action when necessary.” 

    The updated policy, ‘Supporting Compliance and Taking Regulatory Action’, will include a new section explaining the ways Ofqual can support awarding organisations to meet its requirements and avoid the need for formal enforcement action.

    Previous work on updating the policy was interrupted by the pandemic.  

    The consultation was launched today, Thursday, 20 February 2025, and will end on Tuesday, 15 May 2025, at 11:45pm.

    Background information:  

    • Ofqual regulates 249 awarding organisations, certificating over 11 million certificates a year. These include GCSEs, A levels, T Levels, apprenticeship assessments and safety critical qualifications in sectors such as healthcare, childcare and security.   

    • Parliament gave Ofqual enforcement powers in the Apprenticeships, Skills, Children and Learning Act 2009. Those powers were amended by the Education Act 2011. 

    • The Taking Regulatory Action policy was last amended in 2012. 

    • Ofqual previously consulted on the proposal to implement a ‘rebuke’ as part of its consultation on this policy in 2019. This work was paused due to the pandemic. 

    • The consultation and further details are here: https://www.gov.uk/government/consultations/amending-our-taking-regulatory-action-policy

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Local Plan steps closer to development and growth ambitions

    Source: City of York

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

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

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

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

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

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

    Cllr Claire Douglas, Leader of the Council, said:

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

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

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

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

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

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

    Inspector’s Report and Next Steps

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

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

    The Local Plan in Brief

    The Local Plan will provide a comprehensive strategy for:

    • Delivering 20,000 new homes over the duration of the plan, including a significant proportion of affordable housing
    • Allocating sites for economic growth, including areas for employment and retail expansion
    • Investing in sustainable transport infrastructure, including improved bus routes, cycling paths, and EV charging stations
    • Mitigating and adapting to climate change with enhanced green infrastructure, flood defences, and energy-efficient building standards.
    • Safeguarding York’s historic and cultural heritage while ensuring new development respects the city’s unique character.
    • Setting the city’s green belt and protecting the historic setting for the first time.

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

    For more details on the Inspector’s Report and the upcoming Full Council meeting, visit the our Local Plan Inspectors Report.

    Full Council takes place on Thursday 27 February, the agenda is available to view online at our Democracy website and the meeting will be available to view live or on demand at our webcasts page.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Firms Encouraged to Meet the Buyer

    Source: Scotland – City of Dundee

    A call is going out for local businesses keen to bid for work in the public sector to attend a Dundee event where they can meet buyers from organisations across Tayside. 

    The free Meet the Buyer gathering on March 4 at the Michelin Scotland Innovation Parc (MSIP) will give potential suppliers the opportunity to talk informally about upcoming contracts. 

    A wide range of goods and services are bought in by public bodies including personal care, building works, transport and catering. 

    Councillor Steven Rome, convener of Dundee City Council’s Fair Work, Economic Growth and Infrastructure committee, said: “This event aims to help local businesses to be ready to bid for work from councils, health boards, universities and other public bodies when it comes up. 

    “Attendance is free, but we are keen that new and existing suppliers, particularly local businesses in and around Dundee, register for the event. 

    “Buyers will be there to meet potential suppliers to chat about upcoming contracts, how they go about tendering and what they look for when buying goods and services for their organisations.” 

    “Suppliers will also be able to network with meet larger contractors with public sector contracts to learn about current and active subcontract opportunities, and how to join their supply chains.”                                                       

    The free event is being organised by Dundee City Council in partnership with Perth & Kinross Council, Angus Council, and the Supplier Development Programme (SDP). 

    It takes place on Tuesday March 4 between 10am and 2pm at the Innovation Hub at the MSIP, Baldovie Road, Dundee.  

    Anyone who wants to attend should register on the SDP website here  

    Attendees on the day will be able to introduce their business to a wide range of public sector organisations, including: 

    • Dundee City Council 

    • Abertay University 

    • Angus Council 

    • Scotland Excel 

     

    Contractors confirmed to attend are Robertsons Tayside, McLaughlin & Harvey, MVV Environment Baldovie Ltd and Balfour Beatty. 

    Gillian Cameron, Programme Manager of the Supplier Development Programme, said: “Meet the Buyer Tayside is a fantastic opportunity to network with the real buyers that design and advertise local public sector contracts and supply chain opportunities, as well as learn about the free business support and training local businesses can access to help them bid better. 

    “The Supplier Development Programme works hand in hand with local authorities to create free events like Meet the Buyer Tayside, which help local businesses find, win and keep public sector contracts. So, if you want to consider and win work with the public sector or its partners in Tayside, this event is an unmissable opportunity.” 

    The session will include speakers and workshops, looking at topics like Quick Quotes for smaller contract opportunities, Community Wealth Building and how to use Public Contracts Scotland (PCS) and Public Contracts Scotland Tender (PCS-T) to tender for work. 

    MIL OSI United Kingdom

  • MIL-OSI United Nations: IOM-FMM Capacity Building with SMEs on Fair and Ethical Recruitment and Employment of Migrant Workers in Malaysia

    Source: International Organization for Migration (IOM)

    Selangor, Malaysia– IOM Malaysia in collaboration with the Federation of Malaysian Manufacturers (FMM) has kicked off the capacity building sessions on Fair and Ethical Recruitment and Employment of Migrant Workers with Small and Media Enterprises (SMEs) representatives in Malaysia on 13th February 2025 in Kuala Lumpur.  

    SME Representatives deepened their understanding in the implementation of fair and ethical recruitment and employment of migrant workers including human rights due diligence. Throughout the interactive discussion, SME representatives shared their experiences and challenges, identified areas for support in implementing practices. 

    “IOM is pleased to continue our partnership with the Federation of Malaysian Manufacturers (FMM). This is an effort to provide adequate support, especially to SMEs involved in the manufacturing supply chain that employs migrant workers, who constitute 31% of the workforce in this sector in Malaysia. Most importantly, this series of workshops aims to capacitate SMEs to adhere to human rights and labour standards in their operations and throughout their supply chains” Amanda Ng Seang Wei, National Programme Officer.

    SMEs are invited to attend the upcoming free capacity-building sessions this year. The sessions equip participants with the knowledge and tools necessary to: 

    • Identify and mitigate risks associated with migrant labour and human rights violations, thereby safeguarding their operations and reputation.  
    • Understand the international standards and best practices in business ethics, migration policies and human rights protection of migrant workers. 
    • Understand the importance of promoting fair and ethical recruitment and employment of migrant workers to reduce exploitative recruitment and labour practices in their operations and supply chain.  
    • IOM together with FMM will continue to conduct these sessions throughout Malaysia in Melaka, Sarawak, Sabah, Pahang, Kedah, Perak, Penang, and Johor. Any SMEs who are interested in participating in this free training are encouraged to contact FMM through:

      For more information, please contact Amanda Ng Seang Wei at sng@iom.int.
       

      The Migration, Business and Human Rights Programme in Asia (MBHR Asia) is a five-year regional programme and is funded by the European Union and Government of Sweden. The programme will run from 2024-2028 across Cambodia, Malaysia, Nepal, Indonesia, the Philippines, Thailand and Viet Nam.

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: Regulator to investigate Walsall community football charities

    Source: United Kingdom – Government Statements

    The Charity Commission has launched statutory inquiries into Walsall Wood Community Football Club and Walsall Wood Saints Junior Football Club.

    In July 2022, the charity regulator for England and Wales entered Walsall Wood Community Football Club (WWCFC) into a Double Defaulter Class Inquiry after the charity failed to submit its accounts and wider financial information for two years. The charity had also failed to follow correct practice when supplying accounts for the previous three years (Financial Year Ending (FYE) 30 June 2020, 30 June 2021, and 30 June 2022). 

    The regulator started monitoring Walsall Wood Saints Junior Football Club in June 2024 after it identified links between this charity and WWCFC. Similarly, Walsall Wood Saints had failed to supply accounts for FYE 30 June 2023 and submitted accounts in 2022 which were non-compliant. The engagement with both charities raised additional concerns which are now being examined under inquiry.  

    The junior club was set up to arrange activities related to football, including coaching, fun and league games, together with social and fundraising activities for children in the local community. Walsall Wood Community Football Club was set up with similar aims for the wider community and the promotion of healthy recreation. 

    The inquiries will examine:   

    1. The trustees’ compliance with their legal obligations for the content, preparation and filing of the charities’ accounts and other information or returns 

    2. If the trustees are managing their charities in line with their objects and governing documents 

    3. the trustees’ compliance with their legal duties and responsibilities in respect of their administration and governance of their charities, and if they have a sufficient number of willing and capable trustees 

    4. If there has been any misconduct and/or mismanagement in the administration of the charities 

    The Commission may extend the scope of these inquiries if additional regulatory issues emerge. 

    It is the Commission’s policy, after it has concluded an inquiry, to publish a report detailing what issues the inquiry looked at, what actions were undertaken as part of the inquiry and what the outcomes were.    

    ENDS 

    1. The Charity Commission is the independent, non-ministerial government department that registers and regulates charities in England and Wales. Its ambition is to be an expert regulator that is fair, balanced, and independent so that charity can thrive. This ambition will help to create and sustain an environment where charities further build public trust and ultimately fulfil their essential role in enhancing lives and strengthening society. 

    2. On 27 July 2022, Walsall Wood Community Football Club was placed into a Double Defaulter Class Inquiry. 

    3. On 14 January 2025, the Commission opened two separate statutory inquiries into Walsall Wood Community Football Club and Walsall Wood Saints Junior Football Club under section 46 of the Charities Act 2011. 

    4. A statutory inquiry is a legal power enabling the Commission to formally investigate matters of regulatory concern within a charity and to use protective powers for the benefit of the charity and its beneficiaries, assets, or reputation. An inquiry will investigate and establish the facts of the case so that the Commission can determine the extent of any misconduct and/or mismanagement; the extent of the risk to the charity, its work, property, beneficiaries, employees or volunteers; and decide what action is needed to resolve the concerns.

    Press office

    Email pressenquiries@charitycommission.gov.uk

    Out of hours press office contact number: 07785 748787

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: cBrain reports EBT of 32% and raises payout ratio to 20%

    Source: GlobeNewswire (MIL-OSI)

     

    Company Announcement no. 03/2025

    cBrain reports EBT of 32% and raises payout ratio to 20%

    Copenhagen, February 20, 2025

    cBrain (NASDAQ: CBRAIN) reports revenue grew by +12% to DKK 268m in 2024, up from DKK 239m in 2023, aligning with the expected revenue growth range of 12-13%.

    Software revenue is 78% of total revenue, while implementation and support services account for 22% of total revenue. Software subscriptions, the majority based on long-term contracts with Danish government customers, account for more than 50 % of the total revenue.

    Earnings before tax (EBT) grew to DKK 86m in 2024, up from DKK 81m in 2023, thereby reaching an EBT margin of 32%. EBT is therefore at the expected EBT margin of 30-32%.

    Due to faster-than-expected global industry changes as well as market uncertainties in the US and Germany, cBrain has held back some of the planned market investments in 2024. This has resulted in costs being lower than expected.

    The results show a strong positive cash flow from operating activities. This enables an increase in dividends and investments in the growth of the company and at the same time reduces long-term loans on cBrain-owned buildings.

    cBrain does not have a share buyback program. However, due to solid earnings, cBrain proposes to raise dividends to DKK 0,64 per share (2023: DKK 0,28 per share) corresponding to a payout ratio of approx. 20% of profit for the year.

    Executing the growth plan
    In 2022, cBrain announced its 2023-2025 growth plan with the goal of consolidating the business model and preparing for long-term growth by positioning itself as a supplier of climate software for government and developing a partner model.

    During the past two years, cBrain has executed this plan and during 2023 and 2024, cBrain has grown, initiated partnerships, and delivered solid results, growing revenue by +42% and growing EBT by +76%.

    The growth plan assumes that government organizations over time will switch from relying on custom-built solutions and best-of-breed architectures to using standard software. The government IT industry is massive and dominated by large suppliers who benefit from consultancy fees and billable hours. This creates significant entry barriers as the classic vendors defend their business, and the growth plan therefore anticipates a long and slow transition to standard software.

    The COTS for government seem to emerge faster than anticipated
    Contrary to these assumptions, cBrain now sees indications that industry shifts toward standard software and platforms are occurring faster than anticipated. Fueled by a lack of skilled IT resources and a growing demand for fast delivery, cBrain sees a rapidly emerging IT industry, referred to as Commercial Off-The-Shelf (COTS) for government. For cBrain, this presents new strategic opportunities.

    COTS for government, leveraging new technologies and platforms such as the F2 Digital Platform, enables digital transformation at higher speed and lower costs that outperform traditional IT modernization.

    For example, cBrain delivered a complete end-to-end digital platform for two new Danish ministries within just three weeks during the autumn of 2024, and in 2025 cBrain has just announced a third new Danish ministry, following a similar fast-track implementation schedule. Traditionally, projects of this nature take years and often fail. The Danish ministerial cases thereby exemplify the power of the COTS for government approach.

    cBrain has a first-mover advantage
    The long-term cBrain growth strategy is founded on a vision and a business case to provide standard software for government. Over the past 15 years, cBrain has invested more than 450,000 hours in developing the F2 platform. Danish ministries and a total of more than 75 Danish authorities use F2 as their digital platform. Internationally cBrain has delivered F2 for government organizations across five continents.

    With a solid first-mover advantage and a strong customer base, cBrain is well-positioned to become a leading international software provider of COTS for government solutions.

    During the year 2024, the accelerated market shift and the power of the COTS for government approaches have opened new opportunities for cBrain. This is exemplified by the recent collaboration between cBrain and UNDP in Africa to support the UNDP Digital Offer for Africa strategy, and larger orders in Romania helping to modernize traditional mainframe-type solutions.

    Reiterating the international growth strategy
    The faster-than-expected market shift, with government looking toward IT modernization and digitization based on the alternative COTS for government approach, clearly represents an incredibly positive development for cBrain.

    cBrain wants to fully take advantage of this, and a solid business with strong cash flow and earnings offer strategic flexibility. Consequently, cBrain is now reiterating and potentially adjusting its international growth strategy.

    This includes evaluating organizational readiness, as well as market and product development strategies, to leverage and maximize the benefits of accelerated industry changes. With the goal of being an internationally leading vendor in the emerging COTS for government industry, cBrain will execute several changes to the growth plan during the spring of 2025.

    Driving international expansion
    With the current Danish customer base, cBrain has a strong home market position. Internationally this is an important reference position, and cBrain intends to maintain and develop a strong position on the Danish market.

    However, to be a leader in the COTS for government industry and fully deploy the potential of the new emerging industry, cBrain will direct more resources into its international business.

    cBrain has built its international business based on organic growth, building the business by addressing international customers directly or in collaboration with local partners. This strategy is maintained, but with an increased focus on working with international partners.

    As of today, over one-third of the total revenue is export. cBrain is currently reiterating and potentially adjusting its international growth strategy with a goal, that within a few years, the international revenue will be significantly larger than the Danish revenue.

    Lifting the business
    During the past two years, cBrain has built a pipeline of potential customers, which are significantly larger than the average Danish customer. This includes projects in Germany and the US, as well as projects in the Emirates, India, Kenya, and Romania.

    For cBrain to be a leader in the COTS for government industry, it is key to building an international business. Backed by a solid financial position, cBrain is therefore shifting a focus to international opportunities. This shift involves changes across the cBrain internal organization, from marketing and sales to delivery and R&D.

    cBrain announced the growth plan in 2022 with an ambition to reach a revenue of 350 million in the year 2025. cBrain continues to execute its growth plan. However, reaching the revenue ambition requires winning and delivering some of the large international contracts cBrain is currently working on.

    cBrain guides continued growth in revenue and solid earnings for 2025
    With limited visibility, cBrain forecasts expected revenue growth in 2025 of 10-15% and earnings before tax (EBT) of 18-23%.

    The earnings forecast is based on solid market development investments into international growth, across the African region, USA, Germany, and India, as well as investments into developing the F2-for-Partners concept.

    Best regards

    Per Tejs Knudsen, CEO

    Inquiries regarding this Company Announcement may be directed to 

    Ejvind Jørgensen, CFO & Head of Investor Relations, cBrain A/S, ir@cbrain.com, +45 2594 4973

    Attachments

    The MIL Network

  • MIL-OSI: BE Semiconductor Industries N.V. Announces Q4-24 and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Q4-24 Revenue of € 153.4 Million and Net Income of € 59.3 Million. Operating Results Within Prior Guidance

    FY-24 Revenue of € 607.5 Million and Net Income of € 182.0 Million Up 4.9% and 2.8%, Respectively, vs. FY-23. Orders of € 586.7 Million Up 7.0% vs. FY-23

    Proposed Dividend of € 2.18 per Share for Fiscal 2024. 95% Pay-Out Ratio

    DUIVEN, the Netherlands, Feb. 20, 2025 (GLOBE NEWSWIRE) — BE Semiconductor Industries N.V. (the “Company” or “Besi”) (Euronext Amsterdam: BESI; OTC markets: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the fourth quarter and year ended December 31, 2024.

    Key Highlights Q4-24

    • Revenue of € 153.4 million down 2.0% vs. Q3-24 and 3.9% vs. Q4-23 primarily due to lower demand for automotive applications partially offset by increased hybrid bonding shipments
    • Orders of € 121.9 million down 19.7% vs. Q3-24 and 26.7% vs. Q4-23 due primarily to decreased bookings for high performance computing and mainstream assembly applications
    • Gross margin of 64.0% decreased by 0.7 points vs. Q3-24 and 1.1 points vs. Q4-23 primarily due to adverse net forex influences
    • Net income of € 59.3 million increased 26.7% vs. Q3-24 and 8.0% vs. Q4-23 due to € 18.2 million of net tax benefits realized. As a result, net margin rose to 38.6% vs. 29.9% in Q3-24 and 34.4% in Q4-23
    • Cash and deposits of € 672.3 million at year-end increased 62.6% versus year-end 2023. Net cash of € 143.8 million increased € 33.1 million (29.9%) vs. Q3-24 and € 30.8 million (27.3%) vs. Q4-23

    Key Highlights FY 2024

    • Revenue of € 607.5 million increased 4.9% vs. 2023 principally due to higher demand by computing end-user markets, particularly for hybrid bonding and photonics applications, partially offset by weakness in mobile, automotive and Chinese end-user markets
    • Orders of € 586.7 million rose 7.0% due to strength in 2.5D and 3D AI-related applications
    • Gross margin of 65.2% rose by 0.3 points due to more favorable advanced packaging product mix
    • Net income of € 182.0 million grew 2.8% as higher revenue, gross margin and net tax benefits were partially offset by higher R&D spending and share-based compensation expense. Besi’s net margin decreased slightly to 30.0% vs. 30.6% in 2023
    • Proposed dividend of € 2.18 per share. Represents pay-out ratio of 95%

    Q1-25 Outlook

    • Revenue expected to decrease 0-10% vs. the € 153.4 million reported in Q4-24
    • Gross margin expected to range between 63-65% vs. the 64.0% realized in Q4-24
    • Operating expenses expected to grow 10-20% vs. the € 47.6 million reported in Q4-24
    (€ millions, except EPS) Q4-2024   Q3-2024   Δ Q4-2023  

    Δ

    FY-2024   FY-2023   Δ
    Revenue 153.4   156.6   -2.0 % 159.6   -3.9 % 607.5   578.9   +4.9 %
    Orders 121.9   151.8   -19.7 % 166.4   -26.7 % 586.7   548.3   +7.0 %
    Gross Margin 64.0%   64.7%   -0.7   65.1%   -1.1   65.2%   64.9%   +0.3  
    Operating Income 50.6   55.1   -8.2 % 66.1   -23.4 % 195.6   213.4   -8.3 %
    EBITDA 58.0   62.4   -7.1 % 72.7   -20.2 % 224.2   239.1   -6.2 %
    Net Income* 59.3   46.8   +26.7 % 54.9   +8.0 % 182.0   177.1   +2.8 %
    Net Margin* 38.6%   29.9%   +8.7   34.4%   +4.2   30.0%   30.6%   -0.6  
    EPS (basic) 0.75   0.59   +27.1 % 0.71   +5.6 % 2.31   2.28   +1.3 %
    EPS (diluted) 0.74   0.59   +25.4 % 0.68   +8.8 % 2.30   2.23   +3.1 %
    Net Cash and Deposits 143.8   110.7   +29.9 % 113.0   +27.3 % 143.8   113.0   +27.3 %

    * Includes net tax benefit of € 18.2 million in Q4-24 versus a tax charge of € 2.3 million in Q4-23.

    Richard W. Blickman, President and Chief Executive Officer of Besi, commented:

    “Besi’s business development in 2024 reflected contrasting growth trends for AI and mainstream assembly equipment markets. For the year, revenue grew by approximately 5% to reach € 607.5 million due to significantly higher demand by computing end-user markets, particularly for AI-related hybrid bonding and photonics applications. Similarly, orders of € 586.7 million increased by 7.0%. As a result, orders for AI applications grew to represent approximately 50% of our total orders in 2024. Strong order growth from computing end-user markets this year was partly offset by unfavorable market conditions for mainstream applications related to an industry downturn more than two years in duration.

    “We continue to navigate an extended downturn at industry leading levels of profitability. Besi achieved gross, operating and net margins of 65.2%, 32.2% and 30.0%, respectively, in 2024. Gross margins increased slightly versus 2023 due to a more favorable advanced packaging product mix which were partially offset by unfavorable net forex effects, particularly in the second half of the year. Net income rose 2.8% versus 2023 primarily due to higher revenue and gross margins realized and a net tax benefit of € 18.2 million. Such favorable influences were partially offset by a significant increase in development spending and higher share-based compensation expense. Given profits earned in 2024 and our solid liquidity position, we will propose a cash dividend of € 2.18 per share for approval at Besi’s 2025 AGM which represents a pay-out ratio relative to net income of 95%.

    “Investments in Besi’s future growth continued in 2024 as reflected in higher development spending and a planned expansion of our advanced packaging production capacity in 2025. We increased R&D spending by 31.7% this year to offer customers leading edge assembly solutions for next generation 2.5D and 3D architectures. In addition, progress continued on our hybrid bonding agenda as revenue approximately tripled versus 2023 and orders more than doubled. In addition, adoption increased from nine to fifteen customers. During Q4-24, some notable hybrid bonding bookings included a first order from a Japanese semiconductor producer focused on 2nm advanced logic semiconductors and from a Korean IDM for advanced logic applications.

    “Besi’s fourth quarter results were adversely affected by ongoing weakness in mainstream assembly markets, seasonal influences and lower demand for hybrid bonding and photonics applications as customers digested capacity added in 2024. Revenue of € 153.4 million was down 2.0% vs. Q3-24 and 3.9% vs. Q4-23 primarily due to lower demand for automotive applications partially offset by increased hybrid bonding shipments. Orders of € 121.9 million decreased by 19.7% vs. Q3-24 and 26.7% vs. Q4-23 due to lower bookings for hybrid bonding, photonics and mainstream assembly applications. Hybrid bonding and photonics orders have fluctuated on a quarterly basis due to the timing by customers of new device introductions and related capacity additions for these emerging applications. Our operating income in Q4-24 decreased by 8.2% versus Q3-24 primarily due to lower revenue and a 0.7 point gross margin decrease from adverse forex movements. Q4-24 net income of € 59.3 million increased 26.7% vs. Q3-24 and 8.0% vs. Q4-23 due to net tax benefits realized from an upward revaluation of deferred tax assets.

    “We enter the year 2025 with cautious optimism based on strong momentum in our advanced die placement solutions for AI applications partially offset by ongoing weakness in mainstream automotive, smart phone, industrial and Chinese end-user markets. We believe that the pace of innovation is increasing as the pandemic and generative AI have accelerated society’s move to a digital world with AI technology adoption increasing significantly in our daily lives. We believe that the commercial viability of hybrid bonding process technology has now been confirmed by some of the industry’s leading players and research institutes. Significant incremental adoption is anticipated to occur over the next three years as the technology is increasingly used in HBM 4/5 memory stacks, ASIC logic devices, silicon photonics, co-packaged optics and consumer mobile/computing applications. As such, we estimate that hybrid bonding adoption and deployment is still in its very early stages.

    “The timing and trajectory of a new mainstream assembly upturn is difficult to predict at present. The assembly market still suffers from post-pandemic excess capacity which has taken more than two years to approach equilibrium levels. Semiconductor unit growth and capacity utilization rates have improved since 2022 but at a less rapid rate than previously anticipated by analysts. That being said, we believe it likely that a mainstream assembly recovery will begin in the second half of 2025. Its trajectory will depend on demand trends in each of our end markets and the ultimate course of global trade restrictions. For Q1-25, we forecast that revenue will decrease by 0-10% versus Q4-24 and for gross margins to remain in a range of 63-65% based on our projected product mix. Aggregate operating expenses are forecast to rise 10-20% versus Q4-24 primarily due to higher strategic consulting costs.”

    Share Repurchase Activity

    During the quarter, Besi repurchased approximately 0.2 million of its ordinary shares at an average price of € 112.84 per share or a total of € 22.4 million. For the year, Besi repurchased approximately 0.6 million shares at an average price of € 125.53 per share for a total of € 79.8 million. At year end, Besi held approximately 1.8 million shares in treasury equal to 2.3% of its shares outstanding.

    Investor and media conference call
    A conference call and webcast for investors and media will be held today at 4:00 pm CET (10:00 am EST). To register for the conference call and/or to access the audio webcast and webinar slides, please visit www.besi.com.
    Important Dates

    • Publication Annual Report 2024
    • Publication Q1 results
    • Annual General Meeting of Shareholders
    • Publication Q2/semi-annual results
    • Publication Q3/nine-month results
    • Publication Q4/full year results
    February 28, 2025

    April 23, 2025

    April 23, 2025

    July 24, 2025

    October 23, 2025

    February 2026

    Dividend Information*

    • Proposed ex-dividend date
    • Proposed record date
    • Proposed payment of 2024 dividend
    April 25, 2025

    April 28, 2025

    Starting May 2, 2025

    * Subject to approval at Besi’s AGM on April 23, 2025 

    Basis of Presentation

    The accompanying Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the European Union. Reference is made to the Summary of Significant Accounting Policies to the Notes to the Consolidated Financial Statements as included in our 2024 Annual Report, which will be available on www.besi.com as of February 28, 2025.

    Contacts
    Richard W. Blickman, President & CEO
    Andrea Kopp-Battaglia, Senior Vice President Finance        
    Claudia Vissers, Executive Secretary/IR coordinator
    Edmond Franco, VP Corporate Development/US IR coordinator
    Tel. (31) 26 319 4500                
    investor.relations@besi.com   

    About Besi
    Besi is a leading manufacturer of assembly equipment supplying a broad portfolio of advanced packaging solutions to the semiconductor and electronics industries. We offer customers high levels of accuracy, reliability and throughput at a lower cost of ownership with a principal focus on wafer level and substrate assembly solutions. Customers are primarily leading semiconductor manufacturers, foundries, assembly subcontractors and electronics and industrial companies. Besi’s ordinary shares are listed on Euronext Amsterdam (symbol: BESI). Its Level 1 ADRs are listed on the OTC markets (symbol: BESIY) and its headquarters are located in Duiven, the Netherlands. For more information, please visit our website at www.besi.com.

    Statement of Compliance
    The accounting policies applied in the condensed consolidated financial statements included in this press release are the same as those applied in the Annual Report 2024 and were authorized for issuance by the Board of Management and Supervisory Board on February 19, 2025. In accordance with Article 393, Title 9, Book 2 of the Netherlands Civil Code, EY Accountants BV has issued an unqualified auditor’s opinion on the Annual Report 2024. The Annual Report 2024 will be published on our website on February 28, 2025 and proposed for adoption by the Annual General Meeting on April 23, 2025. The condensed financial statements included in this press release have been prepared in accordance with IFRS Accounting Standards, as adopted by the European Union but do not include all of the information required for a complete set of IFRS financial statements.

    Caution Concerning Forward-Looking Statements

    This press release contains statements about management’s future expectations, plans and prospects of our business that constitute forward-looking statements, which are found in various places throughout the press release, including, but not limited to, statements relating to expectations of orders, net sales, product shipments, expenses, timing of purchases of assembly equipment by customers, gross margins, operating results and capital expenditures. The use of words such as “anticipate”, “estimate”, “expect”, “can”, “intend”, “believes”, “may”, “plan”, “predict”, “project”, “forecast”, “will”, “would”, and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The financial guidance set forth under the heading “Outlook” contains such forward-looking statements. While these forward-looking statements represent our judgments and expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from those contained in forward-looking statements, including any inability to maintain continued demand for our products; failure of anticipated orders to materialize or postponement or cancellation of orders, generally without charges; the volatility in the demand for semiconductors and our products and services; the extent and duration of the COVID-19 and other global pandemics and the associated adverse impacts on the global economy, financial markets, global supply chains and our operations as well as those of our customers and suppliers; failure to develop new and enhanced products and introduce them at competitive price levels; failure to adequately decrease costs and expenses as revenues decline; loss of significant customers, including through industry consolidation or the emergence of industry alliances; lengthening of the sales cycle; acts of terrorism and violence; disruption or failure of our information technology systems; consolidation activity and industry alliances in the semiconductor industry that may result in further increased customer concentration, inability to forecast demand and inventory levels for our products; the integrity of product pricing and protection of our intellectual property in foreign jurisdictions; risks, such as changes in trade regulations, conflict minerals regulations, currency fluctuations, political instability and war, associated with substantial foreign customers, suppliers and foreign manufacturing operations, particularly to the extent occurring in the Asia Pacific region where we have a substantial portion of our production facilities; potential instability in foreign capital markets; the risk of failure to successfully manage our diverse operations; any inability to attract and retain skilled personnel, including as a result of restrictions on immigration, travel or the availability of visas for skilled technology workers; those additional risk factors set forth in Besi’s annual report for the year ended December 31, 2024 and other key factors that could adversely affect our businesses and financial performance contained in our filings and reports, including our statutory consolidated statements. We expressly disclaim any obligation to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

    Consolidated Statements of Operations
    (€ thousands, except share and per share data) Three Months Ended
    December 31,
    (unaudited)
    Year Ended
    December 31,
    (audited)
      2024   2023 2024 2023
             
    Revenue 153,413   159,635 607,473 578,862
    Cost of sales 55,253   55,700 211,529 203,074
             
    Gross profit 98,160   103,935 395,944 375,788
             
    Selling, general and administrative expenses 28,575   24,277 126,048 105,956
    Research and development         expenses 19,009   13,533 74,305 56,440
             
    Total operating expenses 47,584   37,810 200,353 162,396
             
    Operating income 50,576   66,125 195,591 213,392
             
    Financial expense, net 3,877   729 7,071 5,703
             
    Income before taxes 46,699   65,396 188,520 207,689
             
    Income tax expense (benefit) (12,595 ) 10,501 6,528 30,605
             
    Net income 59,294   54,895 181,992 177,084
             
    Net income per share – basic 0.75   0.71 2.31 2.28
    Net income per share – diluted 0.74   0.68 2.30 2.23
               
    Number of shares used in computing per share amounts:
    – basic
    – diluted 1
    79,402,192
    81,628,947
      77,070,082
    82,091,299
    78,877,471
    81,889,907
    77,508,722
    82,800,279
     1) The calculation of diluted income per share assumes the exercise of equity settled share based payments and the conversion of all Convertible Notes outstanding     
               
    Consolidated Balance Sheets
    (€ thousands) December
    31, 2024
    (audited)
    September 30, 2024
    (unaudited)
    June
    30, 2024
    (unaudited)
    March
    31, 2024
    (unaudited)
    December
    31, 2023
    (audited)
    ASSETS          
               
    Cash and cash equivalents 342,319 307,448 127,234 232,053 188,477
    Deposits 330,000 330,000 130,000 215,000 225,000
    Trade receivables 181,862 169,266 174,601 150,192 143,218
    Inventories 103,285 104,103 99,291 99,384 92,505
    Other current assets 40,927 44,731 36,346 34,756 39,092
               
    Total current assets 998,393 955,548 567,472 731,385 688,292
               
    Property, plant and equipment 44,773 44,220 43,571 41,328 37,516
    Right of use assets 15,726 16,419 16,821 16,901 18,242
    Goodwill 46,010 45,278 45,710 45,613 45,402
    Other intangible assets 96,677 94,855 92,627 90,241 93,668
    Deferred tax assets 31,567 8,610 9,517 11,444 12,217
    Other non-current assets 1,330 1,316 1,239 1,252 1,216
               
    Total non-current assets 236,083 210,698 209,485 206,779 208,261
               
    Total assets 1,234,476 1,166,246 776,957 938,164 896,553
               
               
               
    Bank overdraft 776
    Current portion of long-term debt 2,042 2,241 3,033 984 3,144
    Trade payables 52,630 49,211 51,620 52,382 46,889
    Other current liabilities 111,531 87,739 73,023 100,606 87,200
               
    Total current liabilities 166,979 139,191 127,676 153,972 137,233
               
    Long-term debt 525,653 524,527 179,801 265,142 297,353
    Lease liabilities 12,350 13,033 13,448 13,625 14,924
    Deferred tax liabilities 10,320 11,619 10,396 12,136 12,959
    Other non-current liabilities 17,910 12,449 11,352 12,914 12,671
               
    Total non-current liabilities 566,233 561,628 214,997 303,817 337,907
               
    Total equity 501,264 465,427 434,284 480,375 421,413
               
    Total liabilities and equity 1,234,476 1,166,246 776,957 938,164 896,553
    Consolidated Cash Flow Statements
    (€ thousands) Three Months Ended
    December 31,
    (unaudited)
    Year Ended
    December 31,
    (audited)
      2024   2023   2024   2023  
             
    Cash flows from operating activities:        
    Income before income tax 46,699   65,396   188,520   207,689  
             
    Depreciation and amortization 7,420   6,577   28,601   25,732  
    Share based payment expense 2,851   2,807   30,067   19,107  
    Financial expense, net 3,877   729   7,071   5,703  
             
    Changes in working capital 4,819   (24,238 ) (39,095 ) (26,819 )
    Interest (paid) received 1,965   1,647   9,183   4,722  
    Income tax (paid) received (3,751 ) 386   (23,264 ) (27,562 )
             
    Net cash provided by operating activities 63,880   53,304   201,083   208,572  
             
    Cash flows from investing activities:        
    Capital expenditures (1,074 ) (1,451 ) (12,039 ) (6,899 )
    Capitalized development expenses (5,447 ) (5,780 ) (19,437 ) (21,121 )
    Repayments of (investments in) deposits   (39,659 ) (105,000 ) (44,927 )
             
    Net cash provided by (used in) investing activities (6,521 ) (46,890 ) (136,476 ) (72,947 )
             
    Cash flows from financing activities:        
    Proceeds from bank lines of credit 776     776    
    Proceeds from notes     350,000    
    Transaction costs related to notes                 (29 )   (6,424 )  
    Payments of lease liabilities (1,128 ) (1,100 ) (4,314 ) (4,307 )
    Purchase of treasury shares (22,415 ) (23,123 ) (79,833 ) (213,387 )
    Dividends paid to shareholders     (171,534 ) (222,109 )
             
    Net cash used in financing activities (22,796 ) (24,223 ) 88,671   (439,803 )
             
    Net increase (decrease) in cash and cash equivalents

    34,563

     

    (17,809

    )

    153,278

     

    (304,178

    )

    Effect of changes in exchange rates on cash and
    cash equivalents

    308

     

    1,261

     

    564

     

    969

     
    Cash and cash equivalents at beginning of the
    period

    307,448

     

    205,025

     

    188,477

     

    491,686

     
             
    Cash and cash equivalents at end of the period 342,319   188,477   342,319   188,477  
    Supplemental Information (unaudited)
    (€ millions, unless stated otherwise)
                                     
    REVENUE Q4-2024 Q3-2024 Q2-2024 Q1-2024 Q4-2023 Q3-2023 Q2-2023 Q1-2023
                                     
    Per geography:                                
    China 42.8   28 % 45.5   29 % 57.5   38 % 58.5   40 % 62.0   39 % 40.8   33 % 64.9   40 % 37.6   28 %
    Asia Pacific (excl. China) 53.5   35 % 51.6   33 % 54.1   36 % 43.6   30 % 57.9   36 % 42.3   34 % 59.2   36 % 58.2   44 %
    EU / USA / Other 57.1   37 % 59.5   38 % 39.6   26 % 44.2   30 % 39.7   25 % 40.2   33 % 38.4   24 % 37.6   28 %
                                                     
    Total 153.4   100 % 156.6   100 % 151.2   100 % 146.3   100 % 159.6   100 % 123.3   100 % 162.5   100 % 133.4   100 %
                                     
    ORDERS Q4-2024 Q3-2024 Q2-2024 Q1-2024 Q4-2023 Q3-2023 Q2-2023 Q1-2023
                                     
    Per geography:                                
    China 40.4   33 % 45.4   30 % 43.3   23 % 51.1   40 % 71.1   43 % 46.0   36 % 51.4   46 % 35.5   25 %
    Asia Pacific (excl. China) 38.8   32 % 69.3   46 % 72.0   39 % 45.0   35 % 36.6   22 % 40.9   32 % 33.2   29 % 71.3   50 %
    EU / USA / Other 42.7   35 % 37.1   24 % 69.9   38 % 31.6   25 % 58.7   35 % 40.4   32 % 28.0   25 % 35.2   25 %
                                                     
    Total 121.9   100 % 151.8   100 % 185.2   100 % 127.7   100 % 166.4   100 % 127.3   100 % 112.6   100 % 142.0   100 %
                                     
    Per customer type:                                
    IDM 61.2   50 % 84.5   56 % 122.4   66 % 53.5   42 % 82.7   50 % 70.5   55 % 60.5   54 % 74.0   52 %
    Foundries/Subcontractors* 60.7   50 % 67.3   44 % 62.8   34 % 74.2   58 % 83.7   50 % 56.8   45 % 52.1   46 % 68.0   48 %
                                                     
    Total 121.9   100 % 151.8   100 % 185.2   100 % 127.7   100 % 166.4   100 % 127.3   100 % 112.6   100 % 142.0   100 %
    * Includes foundries as of financial year 2024                                
                                     
    HEADCOUNT Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023
                                     
    Fixed staff (FTE) 1,812   93 % 1,807   87 % 1,783   86 % 1,760   88 % 1,736   93 % 1,725   87 % 1,689   86 % 1,682   84 %
    Temporary staff (FTE) 134   7 % 271   13 % 279   14 % 236   12 % 134   7 % 248   13 % 279   14 % 312   16 %
                                                     
    Total 1,946   100 % 2,078   100 % 2,062   100 % 1,996   100 % 1,870   100 % 1,973   100 % 1,968   100 % 1,994   100 %
                                     
    OTHER FINANCIAL DATA Q4-2024 Q3-2024 Q2-2024 Q1-2024 Q4-2023 Q3-2023 Q2-2023 Q1-2023
                                     
    Gross profit 98.2   64.0 % 101.2   64.7 % 98.3   65.0 % 98.3   67.2 % 103.9   65.1 % 79.6   64.6 % 106.6   65.6 % 85.7   64.2 %
                                     
                                     
    Selling, general and admin expenses:                                
    As reported 28.6   18.6 % 27.3   17.4 % 30.5   20.2 % 39.6   27.1 % 24.3   15.2 % 23.3   18.9 % 29.4   18.1 % 29.0   21.7 %
    Share-based compensation expense -2.9   -1.8 % (3.4 ) -2.1 % (6.9 ) -4.6 % (16.9 ) -11.6 % (2.8 ) -1.7 % (1.6 ) -1.3 % (5.5 ) -3.4 % (9.3 ) -7.0 %
                                                     
    SG&A expenses as adjusted 25.7   16.8 % 23.9   15.3 % 23.6   15.6 % 22.7   15.5 % 21.5   13.5 % 21.7   17.6 % 23.9   14.7 % 19.7   14.8 %
                                     
                                     
    Research and development expenses:                                
    As reported 19.0   12.4 % 18.9   12.1 % 18.5   12.2 % 17.9   12.2 % 13.5   8.5 % 13.6   11.0 % 14.3   8.8 % 15.0   11.2 %
    Capitalization of R&D charges 5.4   3.5 % 4.4   2.8 % 4.9   3.2 % 4.7   3.2 % 5.7   3.6 % 4.7   3.8 % 5.3   3.3 % 5.4   4.0 %
    Amortization of intangibles -3.9   -2.5 % (3.9 ) -2.5 % (3.6 ) -2.3 % (3.6 ) -2.4 % (3.3 ) -2.1 % (3.3 ) -2.6 % (3.5 ) -2.2 % (3.5 ) -2.6 %
                                                     
    R&D expenses as adjusted 20.5   13.4 % 19.4   12.4 % 19.8   13.1 % 19.0   13.0 % 15.9   10.0 % 15.0   12.2 % 16.1   9.9 % 16.9   12.7 %
                                     
                                     
    Financial expense (income), net:                                
    Interest income -5.1     (5.2 )   (3.0 )   (4.0 )   (3.6 )   (2.9 )   (3.1 )   (2.6 )  
    Interest expense 6.1     5.7     2.1     2.8     3.0     2.8     2.9     2.9    
    Net cost of hedging 2.0     1.9     1.4     1.6     1.7     1.7     2.0     1.6    
    Foreign exchange effects, net 0.9     (0.8 )   0.5     0.2     (0.4 )   0.2     (0.1 )   (0.4 )  
                                                     
    Total 3.9     1.6     1.0     0.6     0.7     1.8     1.7     1.5    
                                     
    Gross cash 672.3     637.4     257.2     447.1     413.5     391.2     378.3     644.9    
                                     
                                     
    Operating income (as % of net sales) 50.6   33.0 % 55.1   35.2 % 49.3   32.6 % 40.7   27.8 % 66.1   41.4 % 42.7   34.6 % 62.9   38.7 % 41.7   31.3 %
                                     
    EBITDA (as % of net sales) 58.0   37.8 % 62.4   39.8 % 56.2   37.2 % 47.5   32.5 % 72.7   45.6 % 48.9   39.7 % 69.3   42.6 % 48.2   36.1 %
                                     
    Net income (as % of net sales) 59.3   38.6 % 46.8   29.9 % 41.9   27.7 % 34.0   23.2 % 54.9   34.4 % 35.0   28.4 % 52.6   32.4 % 34.5   25.9 %
                                     
    Effective tax rate -27.0 %   12.6 %   13.0 %   15.3 %   16.1 %   14.4 %   14.0 %   14.0 %  
                                     
                                     
    Income per share                                
    Basic 0.75     0.59     0.53     0.44     0.71     0.45     0.68     0.44    
    Diluted 0.74     0.59     0.53     0.44     0.68     0.45     0.66     0.44    
                                     
    Average shares outstanding (basic) 79,402,192

          79,630,787       79,281,533       77,181,326       77,070,082       77,374,933       77,634,197       77,946,873      
                                     
    Shares repurchased                                
    Amount 22.4     27.8     14.8     14.8     23.1     45.5     66.9     77.7    
    Number of shares 198,450

          230,807       105,042       101,049       226,572       447,829       761,937       1,120,327      
                                     

    The MIL Network

  • MIL-OSI China: Beijing’s Shunyi accelerates high-quality development

    Source: China State Council Information Office 2

    Shunyi district in northeastern Beijing is accelerating high-quality, internationalized development.
    With 15 indicators of high-quality development in place, the district aims for an economic output of over 330 billion yuan (US$45.32 billion) and a modern service industry worth 150 billion yuan, as well as an annual trade value exceeding 200 billion yuan in its Tianzhu comprehensive bonded zone, according to local officials.
    The district has been working to become a hub for international companies and resources, as demonstrated by its Beijing China-Germany Industrial Park.
    China’s only national-level park focusing on China-Germany economic and technological cooperation, the industrial compound has attracted 118 German-funded and affiliated enterprises since its establishment three years ago, including major brands like Mercedes-Benz, BMW, and Bosch. During this period, the park registered an annual industrial output exceeding 40 billion yuan. 
    With an innovative environment and thriving entrepreneurial ecosystem, the park has been an attractive landing spot for German companies looking to expand in China. 
    The park has also forged cooperation with more than 50 institutions, such as the European Economic Senate, and hosts forums and expos to foster international collaboration.
    In addition, it has introduced commercial facilities like German-style beer houses, cafes, and convenience stores selling German goods. It has also become a venue for events such as wine and beer festivals, football tournaments, and equestrian competitions organized by the resident companies.
    The district is also leading in cross-border pharmaceutical trade.
    According to officials, 10 rare disease drugs and clinically urgent medications have been approved in Beijing. These will be purchased globally and transported through the Tianzhu bonded zone to medical institutions in the city. Rare disease medications can now be cleared through customs once and used multiple times outside the zone, ensuring continuous availability for patients.
    Moreover, rare disease patients can receive top-tier diagnosis and treatment here.
    Last year, the total trade value of the Tianzhu zone reached 123.49 billion yuan, yuan, with pharmaceutical trade accounting for 106.93 billion yuan, marking a 6.39% increase.
    Cutting-edge industries are also flourishing in the district, which has introduced public rental housing to lure top talent.
    Cui Xiaohao, the district head, announced that by 2030, the total output value of its five high-end manufacturing industries — new-energy intelligent vehicles, aerospace, third-generation semiconductors, intelligent equipment, and medical and health industries — will exceed 300 billion yuan.

    MIL OSI China News

  • MIL-OSI: Municipality Finance issues RON 108 million notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    20 February 2025 at 10:00 am (EET)

    Municipality Finance issues RON 108 million notes under its MTN programme 

    Municipality Finance Plc issues RON 108 million notes on 21 February 2025. The maturity date of the notes is 21 February 2028. The notes bear interest at a fixed rate of 6.36% per annum. 
    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 21 February 2025.

    Société Générale acts as the dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet is over EUR 53 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network

  • MIL-OSI: Municipality Finance issues SEK 1 billion notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    20 February 2025 at 10.00 am (EET)

    Municipality Finance issues SEK 1 billion notes under its MTN programme

    Municipality Finance Plc issues SEK 1 billion notes on 21 February 2025. The maturity date of the notes is 21 February 2028. The notes bear interest at a floating rate equal to 3-month Stibor plus 150 bps per annum.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 21 February 2025.

    Danske Bank A/S act as the Dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet is over EUR 53 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: www.munifin.fi

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network

  • MIL-OSI: Nokia’s Corteca Cloud for device and Wi-Fi management adds hundreds of legacy broadband devices #MWC25

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia’s Corteca Cloud for device and Wi-Fi management adds hundreds of legacy broadband devices #MWC25

    • Nokia Corteca Cloud now supports over 400 legacy broadband devices from over 30 manufacturers, providing CSPs with a single pane of glass that simplifies in-home Wi-Fi and device management.
    • Both the traditional TR-069 and the new TR-369 industry standard protocols are supported by the Nokia Corteca Cloud, providing a smooth transition path for CSPs.
    • For the past 20 years, TR-069 has been the industry standard for managing, provisioning, and troubleshooting over 1 billion broadband devices.   

    20 February 2025
    Espoo, Finland – Nokia today announced that it is adding support for 415 legacy TR-069-based broadband devices to its Corteca Cloud. Supporting both the legacy TR-069 and new TR-369 protocols, Nokia’s Corteca Cloud provides CSPs with a single pane of glass for legacy and new broadband devices, simplifying in-home Wi-Fi connectivity and device management.

    For the past 20 years, the TR-069 protocol has been used to manage approximately 1 billion broadband devices worldwide, enabling CSPs to remotely provision and maintain customer-premises equipment (CPE). The new TR-369 protocol introduces significant new capabilities for new devices, but transitioning away from TR-069 will take years. By supporting both protocols, Nokia’s Corteca Cloud allows CSPs to manage devices efficiently today while adapting for the future.

    Key benefits of Nokia’s Corteca Cloud for CSPs:

    • Smooth transition from TR-069 to TR-369 – A single pane of glass supports both TR-069 and TR-369, allowing CSPs to transition at their own pace.
    • Scalability & efficiency – Simplifies management of multiple customer devices, including third-party hardware, and reduces operational complexity.
    • Remote operations – Enables CSPs to configure, troubleshoot, and upgrade devices remotely, minimizing the need for on-site visits.
    • Reduced support costs – Automates Wi-Fi monitoring to proactively resolve issues, lowering customer support calls.

    Justin Doucette, Head of WiFi and Software, Fixed Networks at Nokia, said: “Service providers need a practical path to the future, not a forced transition. By supporting both TR-069 and TR-369, Nokia Corteca Cloud gives operators the flexibility to manage today’s networks while preparing for what’s next— without disruption. Our solution provides a smooth evolution path and a single pane of glass for seamless visibility and control.”

    Resources and additional information
    Product page: Nokia Corteca Home Controller

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

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

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

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

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