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Category: Finance

  • MIL-OSI Economics: W&T Announces Positive Court Finding Regarding Remaining Surety Provider Claims

    Source: W & T Offshore Inc

    Headline: W&T Announces Positive Court Finding Regarding Remaining Surety Provider Claims

    HOUSTON, June 30, 2025 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that U.S. Magistrate Judge Dena Palermo recommended denying two surety companies motions for preliminary injunction, through which they collectively asked for full monetization of over $100 million dollars. The Court found, in relevant part, the sureties failed to demonstrate they would suffer irreparable harm if their cash collateral demands were not granted.

    Key highlights relating to the ruling include:

    • Sureties’ motion for preliminary injunction, which would have required W&T to immediately post collateral, was categorically recommended to be denied;
    • Sureties failed to carry a clear burden of proof to establish irreparable harm necessary to obtain a preliminary injunction;
    • Ruling results in all current collateral requests by sureties being effectively nullified;
    • The Company will not be required to post collateral (if at all) until a determination on the merits of the pending lawsuit with the remaining surety providers;
    • The previously-announced settlement agreement, together with this favorable Court ruling, represent significant positive outcomes for W&T.

    Tracy W. Krohn, W&T’s Chairman and Chief Executive Officer stated, “We are very pleased with the Magistrate Judge’s recommendation that the Sureties’ preliminary injunction motions be denied. This vindicates W&T’s decision to aggressively defend against unlawful predatory business practices. W&T looks forward to a day when independent operators can once again operate in the Gulf of America unhampered by collusion and unlawful pressures exerted by sureties’ unfettered market power. We could not be more pleased with the Court’s decision preventing unnecessary and unjustified collateral demands by abusive surety providers.”  

    Mr. Krohn added, “surety providers have, for far too long, abused the ability to demand collateral. The Magistrate Judge’s recommendation, assuming it is upheld by the District Court, helps put an end to these blackmail business practices. Never again should any oil and gas producer have to cave to unjustified collateral demands. It admittedly takes courage and calculated risk to resist collective ultimatums from surety providers, but we hope the Court’s decision inspires others to follow suit in standing up to bullying tactics. The sureties’ collusive behavior has caused W&T’s (and other independent operators’) stockholders incalculable harm and it is about time that sureties are held accountable.”

    W&T Offshore’s legal team is led by its General Counsel, George J. Hittner, as well as Deputy General Counsels, Steven Lackey and Ted Imperato. W&T’s trial team is led by Yasser A. Madriz, the Managing Partner of the Houston Office of McGuireWoods, LLP along with members of the firm’s Commercial Litigation Section, Jason Huebinger, Megan Lewis, and Miles Indest.

    About W&T Offshore

    W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of America and has grown through acquisitions, exploration and development. As of March 31, 2025, the Company had working interests in 52 fields in federal and state waters (which include 45 fields in federal waters and seven in state waters). The Company has under lease approximately 634,700 gross acres (496,900 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 487,200 gross acres on the conventional shelf, approximately 141,900 gross acres in the deepwater and 5,600 gross acres in Alabama state waters. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.

    Forward-Looking and Cautionary Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this release, including those regarding the potential outcome of the litigation, the impact of the litigation on the Company or the industry more broadly, and the Company’s future operations are forward-looking statements. When used in this release, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes, although not all forward-looking statements contain such identifying words. Items contemplating or making assumptions about actual or potential future production and sales, prices, market size, and trends or operating results also constitute such forward-looking statements.

    These forward-looking statements are based on the Company’s current expectations and assumptions about future events and speak only as of the date of this release. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, as results actually achieved may differ materially from expected results described in these statements. The Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements, unless required by law.

    Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ including, among other things, the regulatory environment, including availability or timing of, and conditions imposed on, obtaining and/or maintaining permits and approvals, including those necessary for drilling and/or development projects; the impact of current, pending and/or future laws and regulations, and of legislative and regulatory changes and other government activities, including those related to permitting, drilling, completion, well stimulation, operation, maintenance or abandonment of wells or facilities, managing energy, water, land, greenhouse gases or other emissions, protection of health, safety and the environment, or transportation, marketing and sale of the Company’s products; inflation levels; global economic trends, geopolitical risks and general economic and industry conditions, such as the global supply chain disruptions and the government interventions into the financial markets and economy in response to inflation levels and world health events; volatility of oil, NGL and natural gas prices; the global energy future, including the factors and trends that are expected to shape it, such as concerns about climate change and other air quality issues, the transition to a low-emission economy and the expected role of different energy sources; supply of and demand for oil, NGLs and natural gas, including due to the actions of foreign producers, importantly including OPEC and other major oil producing companies (“OPEC+”) and change in OPEC+’s production levels; disruptions to, capacity constraints in, or other limitations on the pipeline systems that deliver the Company’s oil and natural gas and other processing and transportation considerations; inability to generate sufficient cash flow from operations or to obtain adequate financing to fund capital expenditures, meet the Company’s working capital requirements or fund planned investments; price fluctuations and availability of natural gas and electricity; the Company’s ability to use derivative instruments to manage commodity price risk; the Company’s ability to meet the Company’s planned drilling schedule, including due to the Company’s ability to obtain permits on a timely basis or at all, and to successfully drill wells that produce oil and natural gas in commercially viable quantities; uncertainties associated with estimating proved reserves and related future cash flows; the Company’s ability to replace the Company’s reserves through exploration and development activities; drilling and production results, lower–than–expected production, reserves or resources from development projects or higher–than–expected decline rates; the Company’s ability to obtain timely and available drilling and completion equipment and crew availability and access to necessary resources for drilling, completing and operating wells; changes in tax laws; effects of competition; uncertainties and liabilities associated with acquired and divested assets; the Company’s ability to make acquisitions and successfully integrate any acquired businesses; asset impairments from commodity price declines; large or multiple customer defaults on contractual obligations, including defaults resulting from actual or potential insolvencies; geographical concentration of the Company’s operations; the creditworthiness and performance of the Company’s counterparties with respect to its hedges; impact of derivatives legislation affecting the Company’s ability to hedge; failure of risk management and ineffectiveness of internal controls; catastrophic events, including tropical storms, hurricanes, earthquakes, pandemics and other world health events; environmental risks and liabilities under U.S. federal, state, tribal and local laws and regulations (including remedial actions); potential liability resulting from pending or future litigation; the Company’s ability to recruit and/or retain key members of the Company’s senior management and key technical employees; information technology failures or cyberattacks; and governmental actions and political conditions, as well as the actions by other third parties that are beyond the Company’s control, and other factors discussed in W&T Offshore’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q found at www.sec.gov or at the Company’s website at www.wtoffshore.com under the Investor Relations section.

         
    CONTACT: Al Petrie Sameer Parasnis
      Investor Relations Coordinator Executive VP and CFO
      investorrelations@wtoffshore.com sparasnis@wtoffshore.com
      713-297-8024 713-513-8654

    Source: W&T Offshore, Inc.

    Released June 30, 2025

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Homeowners could save hundreds on energy bills from solar drive

    Source: United Kingdom – Executive Government & Departments 2

    Press release

    Homeowners could save hundreds on energy bills from solar drive

    Homeowners could save around £500 from the government’s drive for solar power on rooftops.

    • Homeowners could save around £500 from the government’s rooftop revolution 
    • rooftop solar could help bring bills down for British families through the Plan for Change 
    • government launches ‘roadmap’ to maximise the potential of solar on warehouses, homes and car parks 

    Families and businesses could benefit from cheaper bills and greater energy security through plans to drastically increase the deployment of rooftop solar across the country.  

    The government has today (Monday 30 June) launched a pathway for the UK to rapidly accelerate the roll out of solar, helping drive down bills, supporting tens of thousands of jobs and powering economic growth with clean energy. 

    Families could save around £500 a year on their energy bills by installing rooftop solar panels as part of the government’s rooftop revolution – making working people better off through the Plan for Change.  

    The Solar Roadmap sets out the steps needed for the government and industry to deliver 45-47 GW of solar by 2030 – which will support up to 35,000 jobs and use less than half a percent of total UK land.  

    This includes:  

    • increasing solar deployment on new build homes through the Future Homes Standard to save households money on bills
    • launching a call for evidence to understand how to harness the untapped potential of solar in car parks across England, Wales and Northern Ireland  
    • plans to launch a safety review to unlock portable plug-in solar panels, making it easier and cheaper for people living in rented accommodation and apartments to install solar on their balconies and rooftops
    • stronger engagement with industry and trade bodies to identify skills gaps in the solar sector to support more people into well-paid clean energy jobs

    Research suggests 88% of the British public are in favour of solar energy. Since July, the government has taken action to deploy the technology at scale, approving nearly 3 GW of nationally significant solar – more than the last 14 years combined. This is the equivalent of powering more than 500,000 homes with clean, homegrown power. 

    Energy Minister Michael Shanks said: 

    Families have been paying the price for the fossil fuel rollercoaster for years. 

    Our Plan for Change means delivering more homegrown energy that we control to boost the UK’s energy security and save money on your bills. 

    Through solar, we are rolling out the quickest to build and one of the cheapest forms of energy for families to start saving hundreds on their energy bills, all whilst helping tackle the climate crisis.

    The roadmap outlines practical actions for industry and government to overcome the challenges to delivering this ambition within the next five years and boost the UK’s energy security. This includes providing a new blueprint for industry to overcome barriers in planning, electricity networks, supply chain and innovation and workforce and skills challenges. 

    There are already over 1.5 million homes in the UK with rooftop solar panels installed. According to MCS, the body responsible for certifying renewable energy installers, 15,496 solar installations took place in January 2025 on existing homes, a 16.5% increase on the previous year.

    To help households with the finances of installing rooftop solar, the government is working with the Green Finance Institute, the finance sector, consumer bodies and the solar sector itself to provide financial solutions for households and businesses.  

    The government has also made rooftop solar more accessible, having recently announced all new build homes will have solar panels by default to help bring down bills for families, through the Future Homes Standard. This will also see new homes benefit from low-carbon heating, such as heat pumps and high levels for energy efficiency.    
     
    This means recipients of new build homes will save money on their energy bills through government support, tackling the cost of living crisis for aspirational young families and new house buyers. 

    Rooftop solar not only adds value through lowering bills but it can also increase the financial value of the property. The government wants homeowners to cash in on this and is working with the Royal Institution of Chartered Surveyors to ensure that the value of solar homes is assessed properly. 

    Renters and those living in apartments could also be set to experience the benefits of solar as the government sets out the steps required to make ‘plug-in’ solar available in the UK. Plug-in solar works in the same way as rooftop solar panels, except it is portable and is connected directly into plug sockets – ideal for apartments with balconies. 

    Plug-in solar is currently unavailable in the UK due to longstanding regulations. But in Germany, around 435,000 balconies had plug-in solar installed in 2024 alone, saving residents in apartments money on their electricity bills.  

    Last month, Great British Energy announced an initial £200 million investment in rooftop solar for hundreds of schools and hospitals, with savings around £200,000 a month for some hospitals. 

    Solar Energy UK Chief Executive and Co-Chair of the Solar Taskforce, Chris Hewett said:  

    Today marks the dawn of a transformative era for how the UK powers itself.  

    The Solar Roadmap highlights dozens of practical measures needed to expand solar generation, boost the supply of cheaper and more secure power, foster new industries, create skilled jobs, boost biodiversity and slash our greenhouse gas emissions.  

    The sector is already growing fast, with around 700 small-scale rooftop installations being completed each day, but needs to grow faster. 

    Garry Felgate, Chief Executive of The MCS Foundation said: 

    The UK is experiencing a solar boom, with record numbers of subsidy-free solar panels being installed on rooftops across the country.    

    We welcome the Solar Roadmap which sets out the many ways in which we can maximise British potential for clean, cheap electricity.   

    Following on from the announcement that the vast majority of new homes will be required to have solar panels under the Future Homes Standard, the Solar Roadmap clearly demonstrates this government’s commitment to home-grown renewable power.

    Matthew Boulton, Director of Solar, Storage and Private Wire at EDF Renewables UK, and member of the Solar Taskforce said:  

    EDF Renewables UK is proud to have contributed to the UK government’s Solar Taskforce and welcomes the publication of the Roadmap.   

    We are at a pivotal moment for the solar sector, and we fully support the clear, coordinated action set out in the Roadmap that will help unlock the UK’s full solar potential.  

    We look forward to continuing our collaboration with government and industry to turn this vision into reality.

    Alexandra Desouza, EMEA General Counsel, Lightsource bp and member of the Solar Taskforce said: 

    The publication of the solar roadmap comes at a big moment for the UK energy sector — and especially for solar. Solar is key to the UK’s future energy mix and has a critical role to play in delivering secure, low-cost power.  

    The deployment of more solar and battery storage helps keep energy costs competitive for UK businesses, boosting economic growth and making companies more resilient. 

    As per the solar roadmap’s aims and ambitions, the focus is to shift to delivery for Clean Power 2030. This is a real opportunity for the UK to align behind a shared goal — bringing communities together, supporting farmers, and accelerating the transition to renewable and domestic generation.

    Kamal Rajput, Tata Steel UK’s Strategic Business Development Lead, and Co-Chair of the Solar Energy UK, UK Supply Chain Steering Group said:  

    We very much welcome the publication of the Solar Roadmap, highlighting the vital role that UK manufacturers such as Tata Steel will play in helping government achieve its clean energy targets.  

    With our product innovations such as the recently launched Catnic SolarSeam roofing system, and our MagiZinc products used extensively in utility scale racking systems, Tata Steel is well-placed to play a significant role in the growing solar energy sector.

    Case studies

    Case study 1

    Phil lives in North Leeds with his wife and son. They installed 14 solar panels and battery storage on their detached 3 bed property in November 2022.   

    The installation cost approximately £20,000 in total – £8,000 for solar panels, £8,000 for the battery and the rest contributed towards and Electric Vehicle Charging port. 

    Phil says:

    I wanted solar because we had an electric car and the prospect of charging it from the sun was quite attractive. Over the last 90 days, our electric bill was minus £18.60 – in other words, we’ve cooked, cleaned, tumble-dried, showered, watched copious amounts of TV, ran the car for 2,000 miles and we are owed £18.60!

    With retirement looming, we wanted to invest in the house to make it as cheap to run as possible. Our monthly direct debit is less than half what it was before the install.

    Case study 2

    Tim is a retired teacher living south of King’s Lynn. He had 12 solar panels and a battery storage unit installed on his 3-bed property in March 2024. 

    His home is a new-build property with an EPC rating B+ that also includes an air source heat pump that is powered entirely through clean power supplied by the solar panels. He’s also installed an Electric Vehicle Charging point on his drive. 

    Since installing the rooftop solar panels, Tim’s electricity bill has gone from £1,200 a year to £150 a year – saving of over £1,000 a year. 

    Tim says:

    I’ve been delighted with the results so far. Before I put the panels up, I used 3 MWh of electricity. Over the past 12 months the solar panels alone have generated over double that amount – meaning I am technically my own electricity supplier selling back to the grid!

    The panels will pay for themselves in 12 years but will last for more like 25 years whilst adding value to my house, should I decide to sell it.  

    I used the lump sum from my pension to pay for the panels. I see it as an investment for the future – an investment in the planet, but also my own financial security as my bills are now so low.

    It is great to be part of the green energy revolution! In a world of global warming and climate change, at least the house is now self-sufficient in power. The advantages of solar are so great that my father, aged 90, has also had them installed recently on his house near Nottingham.

    Case study 3

    Stourton Park and Ride in Leeds is the UK’s first fully solar-powered park and ride, featuring a 1.2 MW system of solar panels, battery storage, and 26 Electric Vehicle charging points.   

    The Solar PV system is estimated to generate 852,000 kWh a year and offset 471 tonnes of carbon in its first year – the equivalent of removing over 200 cars from the road.  

    Notes to editors  

    The Bundesnetzagentur (Germany’s Federal Network Agency) registered about 435,000 new plug-in balcony solar panel installations in its core energy market data register in 2024. 

    View the full Solar Roadmap.

    Read the data on public support for solar: DESNZ Public Attitudes Tracker: Spring 2024.

    Contact details to the case studies can be made available on request.

    Updates to this page

    Published 30 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Zscaler Announces Proposed Offering of $1.5 Billion of Convertible Senior Notes Due 2028

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., June 30, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (Nasdaq: ZS) today announced that it intends to offer $1.5 billion aggregate principal amount of its convertible senior notes due 2028 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Zscaler also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $225 million aggregate principal amount of notes. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

    The notes will be senior unsecured obligations of Zscaler and will accrue interest payable semiannually in arrears. The notes will mature on July 15, 2028, unless earlier converted or repurchased and will be convertible under certain circumstances into cash, shares of Zscaler’s common stock or a combination of cash and shares of Zscaler’s common stock, at Zscaler’s election. The interest rate, initial conversion rate, repurchase rights and other terms of the notes will be determined at the time of pricing of the offering.

    Zscaler intends to use a portion of the net proceeds from the offering to pay the cost of the capped call transactions described below. Zscaler intends to use the remainder of the net proceeds for general corporate purposes, which may include working capital, capital expenditures, and potential acquisitions and strategic transactions.

    Further, in connection with the pricing of the notes, Zscaler expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions (the “option counterparties”). The capped call transactions are expected to cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of shares of Zscaler’s common stock that will initially underlie the notes. The capped call transactions are expected generally to reduce the potential dilution to Zscaler’s common stock upon any conversion of notes and/or offset any cash payments Zscaler is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap. If the initial purchasers exercise their option to purchase additional notes, Zscaler expects to enter into additional capped call transactions with the option counterparties.

    Zscaler has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates may purchase shares of Zscaler’s common stock and/or enter into various derivative transactions with respect to Zscaler’s common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Zscaler’s common stock or the notes at that time.

    In addition, Zscaler has been advised that the option counterparties and/or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Zscaler’s common stock and/or purchasing or selling Zscaler’s common stock or other securities of Zscaler in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so during the observation period related to a conversion of the notes, in connection with any fundamental change repurchase of the notes, and to the extent Zscaler unwinds a corresponding portion of the capped call transactions, following any other repurchase of the notes). This activity could also cause or avoid an increase or a decrease in the market price of Zscaler’s common stock or the notes, which could affect the ability of noteholders to convert the notes, and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the number of shares and value of the consideration that a noteholder will receive upon conversion of its notes.

    The notes will be offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. Neither the notes, nor any shares of Zscaler’s common stock issuable upon conversion of the notes, have been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

    This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events. In some cases, you can identify forward-looking statements because they contain words such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” or “expect,” or the negative of these words, or other similar terms or expressions that concern Zscaler’s expectations, strategy, plans, or intentions. Forward-looking statements in this release include, but are not limited to, statements concerning the proposed terms of the notes, capped call transactions and repurchase or early conversion of the notes, exercise of the purchasers option to purchase additional notes, and the anticipated use of proceeds from the offering.

    Zscaler’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Zscaler’s filings with the Securities and Exchange Commission, including Zscaler’s Quarterly Report on Form 10-Q filed on May 29, 2025. The forward-looking statements in this release are based on information available to Zscaler as of the date hereof, and Zscaler disclaims any obligation to update any forward-looking statements, except as required by law.

    Investor Relations Contact:

    Ashwin Kesireddy
    Vice President, Investor Relations & Strategic Finance
    ir@zscaler.com

    Media Contact:

    Nick Gonzalez, Sr. Manager, Media Relations
    press@zscaler.com

    The MIL Network –

  • MIL-OSI: Lantronix Enters Into Cooperation Agreement With Investor Group Led by Chain of Lakes Investment Fund LLC

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., June 30, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX) (the “Company”), a global leader in compute and connectivity IoT solutions enabling Edge AI intelligence, today announced that it has entered into a cooperation agreement with Lantronix stockholders Chain of Lakes Investment Fund LLC (“Chain of Lakes”), Haluk L. Bayraktar and Emre Aciksoz. Under the terms of the agreement, James (Jim) C. Auker will be appointed to the Lantronix Board of Directors (the “Board”) and will be nominated for election at the Company’s 2025 Annual Meeting of Stockholders. The date of the Annual Meeting has not yet been announced.

    “Lantronix is committed to maximizing value for all Lantronix shareholders,” said Saleel Awsare, CEO and president of Lantronix. “We appreciate the constructive discussions with Chain of Lakes and are pleased to welcome Jim Auker to our Board. His perspective and experience will be valuable as we continue to execute on our strategic priorities.”

    “We value the collaborative approach taken by Saleel and the Lantronix Board to reach a positive outcome for the benefit of all Lantronix shareholders,” said Tim O’Connell, chief investment officer of Chain of Lakes. “We believe Jim Auker will be a strong addition to the Board and are confident his contributions will help guide Lantronix in its efforts to explore opportunities to enhance shareholder value.”

    Pursuant to their agreement with the Company, Chain of Lakes, Mr. Bayraktar and Mr. Aciksoz have agreed to customary standstill and voting commitments, among other provisions. The full agreement and required information in connection with the election of Mr. Auker to the Board will be filed with the U.S. Securities and Exchange Commission.

    About Lantronix

    Lantronix Inc. is a global leader in compute and connectivity IoT solutions that target high-growth industries, including Smart Cities, Automotive and Enterprise. Lantronix’s products and services empower companies to achieve success in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix’s leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    Forward-Looking Statements

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

    Important Additional Information Regarding Proxy Solicitation

    We intend to file a proxy statement and proxy card with the SEC in connection with the solicitation of proxies for our 2025 Annual Meeting of Stockholders (the “Proxy Statement” and such meeting, the “2025 Annual Meeting”). The Company, our directors and certain of our executive officers are participants in the solicitation. Information regarding such participants, including their direct or indirect interests, by security holdings or otherwise, will be included in the Proxy Statement and other relevant documents to be filed with the SEC.

    Additional information regarding the participants and their respective interests in the Company by security holdings or otherwise is set forth under the captions “Corporate Governance and Board Matters,” “Executive Compensation” and “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” in our proxy statement for the 2024 Annual Meeting of Stockholders, filed with the SEC on Sept.30, 2024 (the “2024 Proxy Statement”) and available at sec.gov/Archives/edgar/data/1114925/000114036124042340/ny20032265x1_def14a.htm.

    To the extent holdings of such participants in our securities have changed since the amounts described in the 2024 Proxy Statement, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Details concerning the nominees of our Board of Directors for election at the 2025 Annual Meeting will be included in the Proxy Statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND STOCKHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE COMPANY’S DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING PROXY CARD AND ANY AMENDMENTS AND SUPPLEMENTS THERETO BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. These documents, including the definitive Proxy Statement (and any amendments or supplements thereto) and other documents filed by us with the SEC, are available for no charge at the SEC’s website at http://www.sec.gov and at our investor relations website at https://www.lantronix.com/investor-relations/sec-filings.

    © 2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    Lantronix Media Contact:        
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com
    949-212-0960

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    The MIL Network –

  • MIL-OSI: POET Technologies Provides Results of 2025 Annual General and Special Meeting

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 30, 2025 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets today reported the voting results of its Annual General and Special Meeting (the ”Meeting” or “AGSM”), which was held virtually on Friday, June 27, 2025.

    The Company’s VP Finance and Administration, Kevin Barnes, delivered customary introductions and the call to order, and POET’s Chairman of the Compensation Committee, Glen Riley, conducted the formal business of the Meeting, which included the approval of all proposals outlined in the Company’s management information circular and voting material as previously distributed to shareholders.

    Following the completion of the formal business portion of the Meeting, the Company presented a video highlighting the transformation of its operations—from product development through to manufacturing. This was followed by a presentation from Chief Executive Officer Dr. Suresh Venkatesan, who provided an overview of the Company’s 2024 activities and outlined near-term opportunities. A brief Q&A session concluded the presentations.

    The video presentation can be accessed from the Company’s website at: https://poet-technologies.com/videos.

    AGSM Voting Results Summary
    A detailed Report on Voting Results of the AGSM follows. In summary, the shareholders of the Company approved the following proposals:

    • Re-election of Suresh Venkatesan, Jean-Louis Malinge, Theresa Lan Ende, Glen Riley and Robert “Bob” Tirva as directors, with no director receiving less than 94% of the votes cast;
    • Appointment of Davidson & Company LLP as the Company’s auditors by 96% of the votes cast;
    • Approval of the Corporation’s Omnibus Equity Incentive Plan by 84% of the votes cast, which included an increase in the number of awards available to 17,007,771, representing 20% of the 85,022,787 common shares issued at the time of the meeting.

    Detailed Report of AGSM Voting Results
    In accordance with section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations, this report briefly describes the matters voted upon and the outcome of the votes at the annual general and special meeting of shareholders of POET Technologies Inc. (the “Company“) held virtually via the MEETNOW.GlOBAL platform on June 27, 2025 (the “Meeting“). Each of the matters is described in greater detail in the Company’s management information circular dated May 1, 2025 (the “Circular“)

    1.      Election of Directors.

    Each of the nominees set for in the Circular were elected as directors to serve until the next annual meeting of shareholders, or until their respective successors are elected or appointed. The following table sets forth the vote of the shareholders at the Meeting with respect to the election of directors:

    Nominee For Withheld
    Number of Votes Percentage of Votes Number of Votes Percentage of Votes
    Glen Riley 6,475,012 94.43% 382,060 5.57%
    Jean-Louis Malinge 6,573,485 95.86% 283,586 4.14%
    Robert “Bob” Tirva 6,557,820 95.64% 299,251 4.36%
    Suresh Venkatesan 6,645,609 96.92% 211,462 3.08%
    Theresa Lan Ende 6,541,010 95.39% 316,061 4.61%
             

    2.      Appointment of Davidson & Company LLP.

    The Company’s shareholders approved the appointment of Davidson & Company LLP as auditors of the Company to hold office until the close of the next annual meeting of shareholders of the Company at such remuneration as may be fixed by the directors of the Company. The following table sets forth the vote of the shareholders at the Meeting with respect to the appointment of Davidson & Company LLP:

    For Withheld
    Number of Votes Percentage of Votes Number of Votes Percentage of Votes
    20,178,708 95.67% 914,338 4.33%
           

    3.      Amendment to Omnibus Plan

    The Company’s shareholders approved by an ordinary resolution an amendment to the Company’s omnibus equity incentive plan (the “Omnibus Plan”). The following table sets forth the vote of the shareholders at the Meeting with respect to the Omnibus Plan:

    For Against
    Number of Votes Percentage of Votes Number of Votes Percentage of Votes
    5,786,541 84.39% 1,070,529 15.61%
           

    The Company had 85,022,787 issued and outstanding shares at the time of the meeting. The awards issuable under the Omnibus Plan has been amended to 17,007,771.

    Restricted Stock Units (“RSUs”)
    Following the AGSM, the POET Board of Directors met to elect officers and to determine RSU grants for directors. For their service on the Board of Directors until the next Annual General Meeting, the directors were granted a total of 72,340 RSUs which will vest on the first anniversary of the grant. Should a director resign prior to the first anniversary of the grant, the RSUs will be vested pro-rata based on the time served as a director from the date of grant to the date of resignation. The number of RSUs granted was based on the allocation of total compensation to equity, using a per share price of CAD$7.23, being the closing price of the Company’s shares on June 27, 2025. The cash portion of each director’s compensation is paid over four quarters. Both are paid in accordance with an established formula for director compensation. The RSUs were granted subject to provisions of the Company’s 2025 Omnibus Incentive Plan and are subject to the TSX Venture Exchange policies and applicable securities laws. For further details on the Company’s share capital, refer to the Company’s Financial Statements and MD&A for the three-months ended March 31, 2025, which may be found on SEDAR+ and EDGAR.

    About POET Technologies Inc.
    POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers.  POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems.  POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained “Edge” computing applications and sensing applications, such as LIDAR systems for autonomous vehicles.  POET is headquartered in Toronto, Canada, with operations in Shenzhen, China, Penang, Malaysia and Singapore.  More information about POET is available on our website at www.poet-technologies.com.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
    120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

    The MIL Network –

  • MIL-OSI: Cielo Announces AGM Results and Extension of Unit Offering

    Source: GlobeNewswire (MIL-OSI)

    THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

    CALGARY, Alberta, June 30, 2025 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) is pleased to announce the results of its annual general and special meeting of shareholders (the “Meeting”) held on June 24, 2025, as well as an extension to the Offering (as defined below).

    Shareholder Meeting

    All of the business items proposed by management were approved by the shareholders at the Meeting, as follows:

    • setting the size of the Board of Directors at four for the ensuing year;
    • electing each management-nominated director for the ensuing year;
    • appointing MNP LLP as the Company’s auditor; and
    • re-approving the Company’ rolling stock option plan.

    The directors of Cielo are: Sheila Leggett (who was re-appointed Chair following the Meeting), Ryan Jackson, Peter MacKay, and Larry Schafran.

    Private Placement Offering of Units

    The Company is also continuing to offer, on a private placement basis, the issuance of up to 60,000,000 units (each a “Unit”, collectively the “Units”) at a price of $0.05 per Unit (the “Offering”), for gross proceeds of up to C $3,000,000.

    The Company had initially announced the Offering in a news release on May 13, 2025. The TSX Venture Exchange has conditionally approved the Offering as well as an extension. The closing is anticipated to occur on or about July 18, 2025.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    ABOUT CIELO

    Cielo Waste Solutions Corp. is a publicly traded company focused on transforming waste materials into high-value products. Cielo seeks to address global waste challenges while contributing to the circular economy and reducing carbon emissions. Cielo is fueling environmental change with a mission to be a leader in the wood by-product-to-fuels industry by using environmentally friendly, economically sustainable and market-ready technologies. Cielo is committed to helping society by providing environmental waste solutions, which the Company believes will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol “CMC,” as well as on the OTC Pink Market under the symbol “CWSFF.”

    For further information please contact:

    Cielo Investor Relations

    Ryan C. Jackson, CEO
    Phone: (403) 348-2972
    Email: investors@cielows.com

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.

    Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Cielo, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. The Company is making forward-looking statements, including but not limited to, with respect to: the Offering.

    Investors should continue to review and consider information disseminated through news releases and filed by Cielo on SEDAR+. Although the Company has attempted to identify crucial factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

    Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Cielo’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    The MIL Network –

  • MIL-OSI: Credicorp Ltd.: Credicorp Takes Legal Action to Defend Rule of Law in Tax Dispute with SUNAT

    Source: GlobeNewswire (MIL-OSI)

    Lima, June 30, 2025 (GLOBE NEWSWIRE) — Lima, PERU, June 30, 2025 – Credicorp Ltd. (“Credicorp” or “the Company”) (NYSE:BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia, and Panama, through its subsidiary Grupo Credito S.A. initiates legal action against the Peruvian Tax Administration (Superintendencia Nacional de Aduanas y de Administración Tributaria – SUNAT), for disregarding the law and the decision of SUNAT´s Review Committee (Comité Revisor), whose rulings are binding under current legislation. The Company expresses concern that SUNAT is ignoring the legal framework in effect at the time of the transactions in question, thereby undermining legal certainty for companies operating in Peru.

    The transactions in question involved Grupo Crédito S.A. purchasing Banco de Crédito del Perú (BCP) shares from Credicorp Ltd. in 2018 and 2019, through the Lima Stock Exchange.  At the time, Peruvian law exempted such transactions from income tax, provided that the transferred shares did not exceed 10% of the total outstanding shares of the issuing company within a 12-month period.

    These transactions were communicated to the Superintendencia del Mercado de Valores (SMV), approved by the Superintendencia de Banca, Seguros y AFP (SBS), and duly registered with Registro Central de Valores y Liquidaciones (CAVALI). They were conducted transparently and in full compliance with applicable legal and regulatory requirements.

    Credicorp notes that this case was previously reviewed by SUNAT’s own Review Committee, which confirmed the authenticity of the transactions and found no grounds for tax elusion claims. Nevertheless, SUNAT has reopened the matter and is now seeking over S/. 1.5 billion in purported unpaid income tax and accrued interest. Credicorp views this action as a serious breach of legal predictability, given it involves both the disregard of established legal norms, and the reopening of a case already assessed and resolved by SUNAT’s own Review Committee. In accordance with International Accounting Standards, no expense provisions are necessary.

    Credicorp is evaluating this new development and will respond through all appropriate legal and administrative channels. Grupo Crédito S.A., the entity involved, reaffirms its commitment to full regulatory and tax compliance, and to protecting the interests of its employees, clients, and investors.

    About Credicorp:
    Credicorp (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia, Bolivia, and Panama. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through Banco de Crédito del Peru (“BCP”) and Banco de Crédito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance & Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Management & Advisory, through Credicorp Capital, Wealth Management at BCP and ASB Bank Corp.

    For further information please contact the IR team:
    investorrelations@credicorpperu.com
    Investor Relations
    Credicorp Ltd.

    The MIL Network –

  • MIL-OSI: Brookfield Business Partners to Host Second Quarter 2025 Results Conference Call

    Source: GlobeNewswire (MIL-OSI)

    Date: Friday, August 1, 2025
    Time: 10:00 a.m. (Eastern Time)

    BROOKFIELD, NEWS, June 30, 2025 (GLOBE NEWSWIRE) — Brookfield Business Partners will host its Second Quarter 2025 Conference Call & Webcast on Friday, August 1, 2025 at 10:00 a.m. (ET) to discuss results and current business initiatives.

    Results will be released on Friday, August 1, 2025 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com.

    Participants can join by conference call or webcast:

    Conference Call

    • Please pre-register: BBU2025Q2ConferenceCall
    • Upon registering, you will be emailed a dial-in number and unique PIN. This process will bypass the operator and avoid the queue.

    Webcast

    • Please join and register by webcast: BBU2025Q2Webcast
    • A replay of the webcast will be available on our website.

    Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.

    Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.

    For more information, please contact:

    The MIL Network –

  • MIL-OSI USA: Going the Distance: Lisa Pace Leads Exploration Development Integration at Johnson

    Source: NASA

    Lisa Pace knows a marathon when she sees one. An avid runner, she has participated in five marathons and more than 50 half marathons. Though she prefers to move quickly, she also knows the value of taking her time. “I solve most of my problems while running – or realize those problems aren’t worth worrying about,” she said.
    She has learned to take a similar approach to her work at NASA’s Johnson Space Center in Houston. “Earlier in my career, I raced to get things done and felt the need to do as much as possible on my own,” she said. “Over time, I’ve learned to trust my team and pause to give others an opportunity to contribute. There are times when quick action is needed, but it is often a marathon, not a sprint.”

    Pace is chief of the Exploration Development Integration Division within the Exploration Architecture, Integration, and Science Directorate at Johnson. In that role, she leads a team of roughly 120 civil servants and contractors in providing mission-level system engineering and integration services that bring different architecture elements together to achieve the agency’s goals. Today that team supports Artemis missions, NASA’s Commercial Lunar Payload Services initiative and other areas as needed.

    “The Artemis missions come together through multiple programs and projects,” Pace explained. “We stitch them together to ensure the end-to-end mission meets its intended requirements. That includes verifying those requirements before flight and ensuring agreements between programs are honored and conflicts resolved.” The division also manages mission-level review and flight readiness processes from planning through execution, up to the final certification of flight readiness.
    Leading the division through the planning, launch, and landing of Artemis I was a career highlight for Pace, though she feels fortunate to have worked on many great projects during her time with NASA. “My coolest and most rewarding project involved designing and deploying an orbital debris tracking telescope on Ascension Island about 10 years ago,” she said. “The engineers, scientists, and military personnel I got to work and travel with on that beautiful island is tough to top!”  
    Pace says luck and great timing led her to NASA. Engineering jobs were plentiful when she graduated from Virginia Tech in 2000, and she quickly received an offer from Lockheed Martin to become a facility engineer in Johnson’s Astromaterials Research and Exploration Science Division, or ARES. “I thought working in the building where they keep the Moon rocks would be cool – and it was! Twenty-five years later, I’m still here,” Pace said.
    During that time, she has learned a lot about problem-solving and team building. “I often find that when we disagree over the ‘right’ way to do something, there is no one right answer – it just depends on your perspective,” she said. “I take the time to listen to people, understand their side, and build relationships to find common ground.”

    She also emphasizes the importance of getting to know your colleagues. “Relationships are everything,” she said. “They make the work so much more meaningful. I carry that lesson over to my personal life and value my time with family and friends outside of work.”
    Investing time in relationships has given Pace another unexpected skill – that of matchmaker. “I’m responsible for setting up five couples who are now married, and have six kids between them,” she said, adding that she knew one couple from Johnson.
    She hopes that strong relationships transfer to the Artemis Generation. “I hope to pass on a strong NASA brand and the family culture that I’ve been fortunate to have, working here for the last 25 years.”

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom slams Trump over bill that would cut millions in health coverage, food assistance for California

    Source: US State of California 2

    Jun 27, 2025

    What you need to know: The federal Republicans’ “Big, Beautiful bill” would eliminate health coverage for up to 3.4 million Californians, cut at least $28.4 billion in federal Medicaid funding, and put food assistance at risk for the hundreds of thousands of Californians who rely on it. 

    SACRAMENTO – Governor Gavin Newsom today slammed federal Republicans over their proposed cuts to the federal Medicaid program and the Supplemental Nutrition Assistance Program (SNAP) in their “Big, Beautiful bill.” The proposed Medicaid changes and proposed federal rules regarding health care taxes would put an estimated over $28 billion dollars of federal funding at risk for California and could result in a loss of coverage for up to 3.4 million Californians. 

    Taken together, these changes will lead to hospital and clinic closures, increase uncompensated care costs, and roll back the progress California has made in reducing its uninsured rate to a recent historical low of 6.4%, threatening the state’s status as a national leader in expanding access to care.

    The bill would also cut federal funding for SNAP in California to $2.8 to $5.4 billion annually. Hundreds of thousands of Californians who need food assistance will be at risk of losing it, and it will punish working people by ending their eligibility.

    “The so-called ‘Big, Beautiful bill’ is not cost-saving. It is not smart. It is cruel, costly, and a significant encroachment on states’ rights – the opposite of what Republican leadership claims to stand for. Big government is getting bigger under Trump and Speaker Johnson, as they attempt to dictate every move states make and micromanage Americans through even greater bureaucracy. It’s dangerous, and anyone with common sense should oppose it.”

    Governor Gavin Newsom

    Impact of Medicaid cuts on California 

    Beginning January 2027, states would be required to conduct eligibility determinations for Affordable Care Act expansion adults every six months instead of every twelve months, leading to an estimated loss of $2.4 Billion in federal funds and approximately 400,000 enrollees in California. The bill would also require states to implement work requirements beginning in 2027, which would result in an estimated loss of up to $22.3 billion in federal funds and up to 3 million California enrollees. Additional federal fund losses and health care safety net impacts would occur from restrictions on provider fees and local government payments that draw down federal funds to support local health systems.

    According to Planned Parenthood, provisions in the bill would also put nearly 200 Planned Parenthood health centers at risk of closing, block 1.1 million patients from essential care like birth control and cancer screenings, and decimate abortion care access in all 50 states. 
    Taken together, these changes will lead to hospital and clinic closures, increase uncompensated care costs, and roll back the progress California has made in reducing its uninsured rate to a recent historical low of 6.4%, threatening the state’s status as a national leader in expanding access to care.

    Risks to SNAP

    The billions of dollars in SNAP cuts in California are composed of a reduction of at least $1.25 billion in federal funds due to changes in eligibility rules and the loss of an additional at least $178 million in nutrition education grants. Cost shifts in the range of $1.35 billion to $4 billion annually to the State and counties. This cost shift is due to a mandatory shift of 5 percent of food benefits cost to the state, and a mandatory 25 percent shift in program administrative costs to the state and county effective immediately. At least 735,000 recipients would be at risk of losing their CalFresh — as SNAP is known in California — benefits.

    Footage of today’s press conference with California Health and Human Services Agency Secretary Kim Johnson and California Department of Health Care Services Director Michelle Baass can be found HERE. Slides from the presentation can be found HERE.

    Recent news

    Jun 27, 2025

    News What you need to know: Continuing Governor Newsom’s build more, faster agenda, the state is awarding nearly $5 billion today to infrastructure projects that improve roads, expand transportation, bus and rail options while improving public health and safety….

    Jun 27, 2025

    News Sacramento, California – Governor Gavin Newsom issued the following statement today after the U.S. Supreme Court announced its ruling on Trump v. CASA, Trump v. Washington, and Trump v. New Jersey: In a challenge to the Trump Administration’s blatantly…

    Jun 26, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Kira Younger, of Fair Oaks, has been appointed Chief Financial Officer and Director of the Finance and Accounting Division at the California Department of Social Services. Younger has…

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom signs balanced state budget that cuts taxes for vets, fully funds free school meals, builds more housing, & creates jobs

    Source: US State of California 2

    Jun 27, 2025

    ✅ FUNDED: Tax cut for military retirees

    ✅ FUNDED: Universal pre-kindergarten for all 

    ✅ FUNDED: Expanded before school, after school, & summer school

    ✅ FUNDED: Free school meals for all kids 

    ✅ FUNDED: Game-changing literacy & reading investments

    ✅ FUNDED: Building more housing, ASAP

    ✅ FUNDED: Lowering drug costs

    ✅ FUNDED: Expanding medication abortion access with CalRx

    ✅ FUNDED: Historic firefighting & public safety investments

    ✅ FUNDED: Protecting California’s iconic film industry

    Signing of landmark package to cut red tape, fast-track housing, and infrastructure forthcoming  

    SACRAMENTO – Amid Donald Trump’s economic assault on California, Governor Gavin Newsom today signed the 2025 state budget bill advanced in partnership with Senate President pro Tempore Mike McGuire and Speaker Robert Rivas. Together, the Governor and Legislature are enacting a responsible, balanced spending plan that safeguards California’s values while maintaining long-term fiscal health. This budget and forthcoming trailer bills include new, landmark policies that will accelerate housing production and boost affordability in communities across the state — addressing California’s most urgent challenges.

    As we confront Donald Trump’s economic sabotage, this budget agreement proves California won’t just hold the line — we’ll go even further. It’s balanced, it maintains substantial reserves, and it’s focused on supporting Californians — slashing red tape and catapulting housing and infrastructure development, preserving essential healthcare services, funds universal pre-K, and cuts taxes for veterans.

    Governor Gavin Newsom

    Pro Tem Mike McGuire says: “The State is delivering a responsible on-time budget in a challenging year focused on fiscal restraint and investing in the people and programs that make this State great. This budget prioritizes record funding for our kids and public schools, protects access to health care for millions of the most vulnerable, and will create more housing at a scale not seen in years. Thanks to this budget agreement, the state will help get more folks off the streets and into permanent shelter, and we’ll expand the ranks of CalFire, deploying hundreds of additional full-time CalFire firefighters, which will save lives and make us all more wildfire safe. And this agreement helps prepare our state for the ongoing chaos and massive uncertainty caused by the Trump administration. Thank you to our Senate Budget Chair Scott Wiener, Speaker Rivas and Governor Newsom and their staffs for their hard work for the people of California.”

    Speaker Robert Rivas says: “This is an incredibly difficult time for Californians. Trump is undermining our economy with reckless tariffs, harsh cuts, and ICE agents terrorizing our communities. At a moment when so many are already struggling, he’s adding fear and instability. In contrast, Democrats have delivered a budget that protects California. It cuts red tape to build more housing faster — because housing is the foundation of affordability and opportunity. It preserves critical investments in health care, women’s health, education, and public safety. And it honors our commitment not to raise taxes on families, workers, or small businesses. In unprecedented times, under painful circumstances, Democrats are delivering for Californians.”

    Tax cuts for vets, smaller class sizes, free school meals

    The budget reflects a shared commitment to protect opportunity and improve affordability in California, in the face of targeted attacks by the Trump administration. The budget makes historic investments in public education — from universal transitional kindergarten and free school meals to expanded before and after-school programs, summer school, smaller class sizes, and strengthened career training and higher education. The budget demonstrates the state’s commitment to honoring veterans by creating tax cuts for military retirees, recognizing their service and supporting their financial security. 

    Lowering prescription drug costs, protecting reproductive care, and safety nets 

    The budget preserves key health care programs for Californians targeted by Republicans. It preserves vital safety net programs, including in-home supportive services and women’s reproductive health. As part of the budget, the Governor is also expected to sign legislation protecting access to health care, license and regulate Pharmacy Benefit Managers for the first time, increasing transparency and accountability in the pharmacy supply chain. The legislation also expands CalRx’s authority to procure brand-name drugs and respond to politically motivated supply disruptions, helping shield access to critical medications like mifepristone.

    Lights, camera, JOBS

    The budget protects California’s position as the 4th largest economy in the world – supporting business and continued economic growth, including California’s iconic film industry. Next week, the Governor is expected to sign additional legislation as part of the expansion of the film and TV tax credit program — further catapulting the program’s impact to $750 million a year.

    Trump’s economic assault

    The balanced budget comes as California continues to confront significant fiscal pressures fueled by the Trump administration’s reckless economic and immigration policies. According to the California Department of Finance, Trump’s tariff regime is projected to cost the state an estimated $16 billion in lost General Fund revenue through the next fiscal year. And a new study released June 17 by the Bay Area Council Economic Institute, in collaboration with UC Merced, found that Trump’s mass deportations could slash $275 billion from California’s economy, eliminate $23 billion in annual tax revenue, and severely disrupt key industries such as agriculture, construction, and hospitality. 

    In the face of these mounting challenges, the Governor issued a proclamation to access state reserves. This responsible and balanced budget protects Californians, creates more housing, preserves core programs, reinforces fiscal discipline, and invests in the state’s long-term economic strength.

    The Governor today announced signing the following bills:

    • AB 102 by Assemblymember Jesse Gabriel (D-Encino) – Budget Act of 2025.
    • AB 118 by the Committee on Budget – Human services.
    • AB 121 by the Committee on Budget – Education finance: education omnibus budget trailer bill.
    • AB 123 by the Committee on Budget – Higher education budget trailer bill.
    • AB 134 by the Committee on Budget – Public Safety.
    • AB 136 by the Committee on Budget – Courts.
    • AB 143 by the Committee on Budget – Developmental services.
    • SB 101 by the Senator Scott Wiener (D-San Francisco) – Budget Act of 2025.
    • SB 103 by the Senator Scott Wiener (D-San Francisco) – Budget Acts of 2022, 2023, and 2024.
    • SB 120 by the Committee on Budget and Fiscal Review – Early childhood education and childcare.
    • SB 124 by the Committee on Budget and Fiscal Review – Public resources trailer bill.
    • SB 127 by the Committee on Budget and Fiscal Review – Climate change.
    • SB 128 by the Committee on Budget and Fiscal Review – Transportation.
    • SB 132 by the Committee on Budget and Fiscal Review – Taxation.
    • SB 141 by the Committee on Budget and Fiscal Review – California Cannabis Tax Fund: Department of Cannabis Control: Board of State and Community Corrections grants.
    • SB 142 by the Committee on Budget and Fiscal Review – Deaf and Disabled Telecommunications Program.

    The Governor’s signature on the state budget is contingent on the enactment of either AB 131 or SB 131 on Monday, June 30th.

    Para leer este comunicado en español, haga clic aquí.

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    Jun 27, 2025

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    Jun 27, 2025

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    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom signs balanced state budget that cuts taxes for vets, fully funds free school meals, builds more housing, & creates jobs

    Source: US State of California 2

    Jun 27, 2025

    ✅ FUNDED: Tax cut for military retirees

    ✅ FUNDED: Universal pre-kindergarten for all 

    ✅ FUNDED: Expanded before school, after school, & summer school

    ✅ FUNDED: Free school meals for all kids 

    ✅ FUNDED: Game-changing literacy & reading investments

    ✅ FUNDED: Building more housing, ASAP

    ✅ FUNDED: Lowering drug costs

    ✅ FUNDED: Expanding medication abortion access with CalRx

    ✅ FUNDED: Historic firefighting & public safety investments

    ✅ FUNDED: Protecting California’s iconic film industry

    Signing of landmark package to cut red tape, fast-track housing, and infrastructure forthcoming  

    SACRAMENTO – Amid Donald Trump’s economic assault on California, Governor Gavin Newsom today signed the 2025 state budget bill advanced in partnership with Senate President pro Tempore Mike McGuire and Speaker Robert Rivas. Together, the Governor and Legislature are enacting a responsible, balanced spending plan that safeguards California’s values while maintaining long-term fiscal health. This budget and forthcoming trailer bills include new, landmark policies that will accelerate housing production and boost affordability in communities across the state — addressing California’s most urgent challenges.

    As we confront Donald Trump’s economic sabotage, this budget agreement proves California won’t just hold the line — we’ll go even further. It’s balanced, it maintains substantial reserves, and it’s focused on supporting Californians — slashing red tape and catapulting housing and infrastructure development, preserving essential healthcare services, funds universal pre-K, and cuts taxes for veterans.

    Governor Gavin Newsom

    Pro Tem Mike McGuire says: “The State is delivering a responsible on-time budget in a challenging year focused on fiscal restraint and investing in the people and programs that make this State great. This budget prioritizes record funding for our kids and public schools, protects access to health care for millions of the most vulnerable, and will create more housing at a scale not seen in years. Thanks to this budget agreement, the state will help get more folks off the streets and into permanent shelter, and we’ll expand the ranks of CalFire, deploying hundreds of additional full-time CalFire firefighters, which will save lives and make us all more wildfire safe. And this agreement helps prepare our state for the ongoing chaos and massive uncertainty caused by the Trump administration. Thank you to our Senate Budget Chair Scott Wiener, Speaker Rivas and Governor Newsom and their staffs for their hard work for the people of California.”

    Speaker Robert Rivas says: “This is an incredibly difficult time for Californians. Trump is undermining our economy with reckless tariffs, harsh cuts, and ICE agents terrorizing our communities. At a moment when so many are already struggling, he’s adding fear and instability. In contrast, Democrats have delivered a budget that protects California. It cuts red tape to build more housing faster — because housing is the foundation of affordability and opportunity. It preserves critical investments in health care, women’s health, education, and public safety. And it honors our commitment not to raise taxes on families, workers, or small businesses. In unprecedented times, under painful circumstances, Democrats are delivering for Californians.”

    Tax cuts for vets, smaller class sizes, free school meals

    The budget reflects a shared commitment to protect opportunity and improve affordability in California, in the face of targeted attacks by the Trump administration. The budget makes historic investments in public education — from universal transitional kindergarten and free school meals to expanded before and after-school programs, summer school, smaller class sizes, and strengthened career training and higher education. The budget demonstrates the state’s commitment to honoring veterans by creating tax cuts for military retirees, recognizing their service and supporting their financial security. 

    Lowering prescription drug costs, protecting reproductive care, and safety nets 

    The budget preserves key health care programs for Californians targeted by Republicans. It preserves vital safety net programs, including in-home supportive services and women’s reproductive health. As part of the budget, the Governor is also expected to sign legislation protecting access to health care, license and regulate Pharmacy Benefit Managers for the first time, increasing transparency and accountability in the pharmacy supply chain. The legislation also expands CalRx’s authority to procure brand-name drugs and respond to politically motivated supply disruptions, helping shield access to critical medications like mifepristone.

    Lights, camera, JOBS

    The budget protects California’s position as the 4th largest economy in the world – supporting business and continued economic growth, including California’s iconic film industry. Next week, the Governor is expected to sign additional legislation as part of the expansion of the film and TV tax credit program — further catapulting the program’s impact to $750 million a year.

    Trump’s economic assault

    The balanced budget comes as California continues to confront significant fiscal pressures fueled by the Trump administration’s reckless economic and immigration policies. According to the California Department of Finance, Trump’s tariff regime is projected to cost the state an estimated $16 billion in lost General Fund revenue through the next fiscal year. And a new study released June 17 by the Bay Area Council Economic Institute, in collaboration with UC Merced, found that Trump’s mass deportations could slash $275 billion from California’s economy, eliminate $23 billion in annual tax revenue, and severely disrupt key industries such as agriculture, construction, and hospitality. 

    In the face of these mounting challenges, the Governor issued a proclamation to access state reserves. This responsible and balanced budget protects Californians, creates more housing, preserves core programs, reinforces fiscal discipline, and invests in the state’s long-term economic strength.

    The Governor today announced signing the following bills:

    • AB 102 by Assemblymember Jesse Gabriel (D-Encino) – Budget Act of 2025.
    • AB 118 by the Committee on Budget – Human services.
    • AB 121 by the Committee on Budget – Education finance: education omnibus budget trailer bill.
    • AB 123 by the Committee on Budget – Higher education budget trailer bill.
    • AB 134 by the Committee on Budget – Public Safety.
    • AB 136 by the Committee on Budget – Courts.
    • AB 143 by the Committee on Budget – Developmental services.
    • SB 101 by the Senator Scott Wiener (D-San Francisco) – Budget Act of 2025.
    • SB 103 by the Senator Scott Wiener (D-San Francisco) – Budget Acts of 2022, 2023, and 2024.
    • SB 120 by the Committee on Budget and Fiscal Review – Early childhood education and childcare.
    • SB 124 by the Committee on Budget and Fiscal Review – Public resources trailer bill.
    • SB 127 by the Committee on Budget and Fiscal Review – Climate change.
    • SB 128 by the Committee on Budget and Fiscal Review – Transportation.
    • SB 132 by the Committee on Budget and Fiscal Review – Taxation.
    • SB 141 by the Committee on Budget and Fiscal Review – California Cannabis Tax Fund: Department of Cannabis Control: Board of State and Community Corrections grants.
    • SB 142 by the Committee on Budget and Fiscal Review – Deaf and Disabled Telecommunications Program.

    The Governor’s signature on the state budget is contingent on the enactment of either AB 131 or SB 131 on Monday, June 30th.

    Para leer este comunicado en español, haga clic aquí.

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    Jun 27, 2025

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    MIL OSI USA News –

  • MIL-OSI Africa: Kosmos Energy and Partners Achieve Commercial Operations at Greater Tortue Ahmeyim (GTA) Liquefied Natural Gas (LNG) Project

    The project partners on the Greater Tortue Ahmeyim (GTA) LNG development – situated on the maritime border of Senegal and Mauritania – have started commercial operations. The Gimi FLNG vessel – owned by maritime infrastructure company Golar LNG and situated at the project site – reached its Commercial Operating Date (COD) in June 2025, signaling the start of a 20-year Lease and Operating Agreement.

    Spearheaded by energy majors Kosmos Energy and bp (operator), alongside Petrosen and Société Mauritanienne Des Hydrocarbures – the respective national oil companies of Senegal and Mauritania – the GTA project represents one of the lowest-cost greenfield projects in the world. The project achieved first LNG production in February 2025, with the maiden LNG cargo lifted in April 2025. According to Kosmos Energy, COD comes as the partners currently load a fourth cargo, with plans to export a fifth at the start of Q3. Kosmos Energy is a Diamond Sponsor of African Energy Week (AEW): Invest in African Energies, taking place September 29 to October 3, 2025, in Cape Town.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

    The first major offshore LNG project in the broader MSGBC region, GTA is expected to unlock more than 15 trillion cubic feet of recoverable natural gas resources. The project reached a final investment decision (FID) in 2018, with the respective governments of Senegal and Mauritania declaring that the project is of “strategic national importance” in 2021. To date, the project partners have ramped up production volumes to a level equivalent to the annual contracted volumes of approximately 2.4 million tons per annum (mtpa). This represents 90% of the nameplate capacity of 2.7 mtpa. A second phase is also planned, which seeks to double production capacity to over 5 mtpa. Focus has now shifted to phase two FID, which will largely depend on continued cross-border cooperation, regulatory alignment and additional investment.

    Beyond GTA, Kosmos Energy holds a strong presence across Africa. The company is engaged in upstream oil exploration, production and development, with a focus on unlocking the continent’s deepwater assets. In Equatorial Guinea, the company is working towards increasing oil production through well work and drilling. Alongside its project partners, Kosmos Energy recently completed an infill drilling program on the Ceiba and Okume fields and is now working to reprocess existing seismic data with modern technology to high-grade future infill drilling potential. In Ghana, the company has pledged $2 billion in upstream operations. The funding is expected to be allocated to expanding exploration, improving infrastructure and driving technology development to boost efficiency in the upstream sector. Kosmos Energy currently holds stakes in the country’s Jubilee and TEN fields.

    Looking ahead, these developments are expected to unlock significant benefits for the countries in which Kosmos Energy operates. By unlocking greater value from Africa’s deepwater oil and gas basins, the company is enhancing revenue generation, job creation and broader economic growth in Africa. Kosmos Energy’s AEW: Invest in African Energies 2025 sponsorship reflects its commitment to monetizing Africa’s deepwater resources. As the largest event of its kind on the continent, AEW: Invest in African Energies 2025 takes place under a mandate to make energy poverty history. The event convenes stakeholders – from global investors and project developers to technologies providers and service firms – to engage in dialogue and sign deals.

    Distributed by APO Group on behalf of African Energy Chamber.

    MIL OSI Africa –

  • MIL-OSI Africa: South Africa’s Platinum Group Metals (PGMs) Sector in Focus as Isondo Precious Metals Chief Executive Officer (CEO) Joins African Mining Week (AMW)


    Download logo

    Vinay Somera, CEO of South African fuel cell component manufacturer Isondo Precious Metals has joined the upcoming African Mining Week (AMW) 2025 – Africa’s premier gathering for mining stakeholders – as a speaker.

    Somera will join a high-level panel, South Africa’s Strategic Influence in the Global Platinum Group Metals (PGMs) Market, where he is expected to highlight efforts to maximize PGM production in South Africa. With the country supplying roughly 80% of the world’s PGMs –essential for electric vehicle and clean energy development – AMW 2025 will unpack the country’s strategic position in the global market, especially as the world enters its third consecutive year of supply deficits – expected to reach 848,000 ounces in 2025.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    At AMW 2025, Somera is set to showcase how Isondo Precious Metals is producing membranes for green hydrogen fuel cells and electrolyzers using South African-sourced PGMs. Under his leadership, the company is scaling its fuel cell manufacturing capabilities and working with international partners on infrastructure development and workforce training. Isondo Precious Metals recently acquired hydrogen reduction equipment from U.S.-based Camco Furnaces and two test stations from Greenlight Innovations, where it is also conducting workforce development initiatives.

    As such, AMW 2025 represents an ideal platform for Somera to provide an update on Isondo Precious Metals’ strategy to deploy hydrogen refueling stations for hydrogen-powered buses and vehicles in South Africa. As Isondo Precious Metals advances its proof of concept for a new ammonia cracking generator, AMW 2025 offers a strategic platform for Somera to present the company’s investment and expansion plans to a targeted audience of South African, regional and global investors and partners.

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa –

  • MIL-OSI Africa: Gauteng government to pay second e-tolls debt instalment

    Source: South Africa News Agency

    The Gauteng Provincial Government (GPG) is expected to today pay some R3.3 billion to service the outstanding e-tolls debt.

    This was announced by Gauteng MEC for Finance and Economic Development, Lebogang Maile, during a media briefing on Sunday.

    E-tolls were scrapped last year following years of discontent from road users in an agreement between the provincial government and National Treasury.

    The GPG committed to paying some 30% of the historic debt.

    “… The Gauteng Provincial Government will honour the province’s obligation by paying the second instalment towards the e-tolls debt, as disclosed in the 2025 Medium Term Expenditure Framework. 

    “The amount due… based on the Memorandum of Agreement, is R3.3 billion in terms of the historic debt. This is the amount that we will be paying to National Treasury as part of our 30% contribution,” Maile said.

    This will be the provincial government’s second instalment.

    “On the 30th of September 2024, the Gauteng government made the first instalment amounting to R3.8 billion. This instalment consisted of R3.2 billion historic debt and the maintenance portion of R546 million,” Maile said.

    According to the MEC, the 30% allocated to the provincial government for payment amounts to at least R12 billion, “with interest of R3.3 billion, bringing the total amount payable to R15.9 billion”.

    “This contribution will be made over five equal annual [payments] at government five-year interest rate.

    “In addition… the Gauteng Provincial Government also made a commitment to contribute towards the rehabilitation of nine projects that the [South African National Roads Agency] is undertaking. These projects, which are part of the Gauteng Freeway Improvement Project 1, are aimed at the amelioration of the Gauteng freeway network and will cost the provincial government a total of R4.1 billion.

    “Congruent to this… the Gauteng Provincial Government announced that as part of the province’s arrangement to service the debt, a provision for honouring this commitment will be pencilled into the 2024 fiscal framework. 

    “Since making this announcement… we have maintained the necessary fiscal discipline to ensure adherence to this commitment,” Maile said.  – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Security: Romanian criminals stealing fertilisers and pesticides in western France stopped in tracks

    Source: Eurojust

    Following close cooperation between the French and Romanian authorities, criminals stealing agrochemical products across western France have been stopped in their tracks. The network was also involved in transporting and concealing the stolen goods. During a coordinated action this week, 12 suspects were arrested or identified in both countries.

    Eurojust supported the judiciary in both countries by facilitating the execution of European Arrest Warrants (EAWs) and European Investigation Orders and provided further cross-border judicial support.

     The criminal network was well organised and structured, specialising in the theft of fertilisers and pesticides, for instance. The action day in France and Romania targeted three teams of thieves, two carriers and two fences. Three suspects were arrested in France, and nine more were identified in Romania, based on EAWs issued by the French authorities.

    Over the past two years, at least sixty farms, agricultural storage facilities and enterprises have been burgled. The value of the stolen goods and the damage caused by the thefts is estimated at EUR 3 million. The thefts were not without risk, as certain products were highly flammable and posed a health hazard if not handled properly. The stolen goods were transported and stored by the network for onward sale via illegal channels in Romania.

    Investigations coordinated by the investigative judge of the Interregional Jurisdiction (JIRS) of Rennes in France indicated that a Romanian-led organised crime group was behind the large-scale thefts. In November of last year, the JIRS contacted the French National Desk at Eurojust to arrange for cooperation with the Romanian authorities. Following a coordination meeting at the Agency, joint actions in both countries were organised this week.

    In Romania, 17 places were searched, where cash in different currencies was seized, estimated to be worth EUR 200 000. Four vehicles and various quantities of liquid and solid agrochemical products were also seized.

    The coordinated action this week was carried out by and at the request of the following authorities:

    • France: Investigative Judge JIRS Rennes; Gendarmerie Nationale – Section de Recherches Caen
    • Romania: Directorate for Investigating Organised Crime and Terrorism (DIICOT); National Police – Criminal Investigations Directorate

    MIL Security OSI –

  • MIL-OSI Security: Romanian criminals stealing fertilisers and pesticides in western France stopped in tracks

    Source: Eurojust

    Following close cooperation between the French and Romanian authorities, criminals stealing agrochemical products across western France have been stopped in their tracks. The network was also involved in transporting and concealing the stolen goods. During a coordinated action this week, 12 suspects were arrested or identified in both countries.

    Eurojust supported the judiciary in both countries by facilitating the execution of European Arrest Warrants (EAWs) and European Investigation Orders and provided further cross-border judicial support.

     The criminal network was well organised and structured, specialising in the theft of fertilisers and pesticides, for instance. The action day in France and Romania targeted three teams of thieves, two carriers and two fences. Three suspects were arrested in France, and nine more were identified in Romania, based on EAWs issued by the French authorities.

    Over the past two years, at least sixty farms, agricultural storage facilities and enterprises have been burgled. The value of the stolen goods and the damage caused by the thefts is estimated at EUR 3 million. The thefts were not without risk, as certain products were highly flammable and posed a health hazard if not handled properly. The stolen goods were transported and stored by the network for onward sale via illegal channels in Romania.

    Investigations coordinated by the investigative judge of the Interregional Jurisdiction (JIRS) of Rennes in France indicated that a Romanian-led organised crime group was behind the large-scale thefts. In November of last year, the JIRS contacted the French National Desk at Eurojust to arrange for cooperation with the Romanian authorities. Following a coordination meeting at the Agency, joint actions in both countries were organised this week.

    In Romania, 17 places were searched, where cash in different currencies was seized, estimated to be worth EUR 200 000. Four vehicles and various quantities of liquid and solid agrochemical products were also seized.

    The coordinated action this week was carried out by and at the request of the following authorities:

    • France: Investigative Judge JIRS Rennes; Gendarmerie Nationale – Section de Recherches Caen
    • Romania: Directorate for Investigating Organised Crime and Terrorism (DIICOT); National Police – Criminal Investigations Directorate

    MIL Security OSI –

  • MIL-OSI: Hut 8 Energizes Vega Data Center

    Source: GlobeNewswire (MIL-OSI)

    205 MW facility will support up to ~15 EH/s of next-generation rack-based ASIC compute with direct-to-chip liquid cooling

    Believed to be the largest single-building Bitcoin mining facility by nameplate hashrate

    MIAMI, June 30, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced the initial energization of Vega. Based on publicly available information, we believe Vega to be the largest single-building Bitcoin mining facility by nameplate hashrate. Spanning the equivalent of five football fields and covering 162,000 square feet, Vega is powered by 205 megawatts (“MW”) of nameplate energy capacity and at full energization will support up to ~15 exahash per second (“EH/s”) of BITMAIN U3S21EXPH servers for Bitcoin mining ASIC compute, or nearly 2.0% of current global Bitcoin network hashrate.

    Vega debuts a new Tier I data center form factor that narrows the gap between legacy air-cooled ASIC infrastructure and liquid-cooled GPU infrastructure. Unlike traditional mining facilities that rely on forced-air cooling and shelving systems that constrain compute density, Vega features a proprietary, rack-based, direct-to-chip liquid cooling system designed in-house by Hut 8. The architecture supports ASIC deployments at densities of up to 180 kilowatts (“kW”) per rack.

    The system’s modular architecture—including pump skids, fluid distribution networks, server racks, switchboards, and smart power distribution units—was designed by Hut 8’s in-house development organization to optimize thermal efficiency, miner stability, and operational reliability. The result is materially higher compute density, greater thermal control, and improved uptime in high-ambient environments like Texas. Initial customer discussions support the potential viability of this architecture for future iterations of high-density, direct-to-chip liquid cooled infrastructure to support emerging HPC workloads and customer needs.

    “Vega exemplifies our innovation-driven approach to digital infrastructure design,” said Asher Genoot, CEO of Hut 8. “We built it for where we believe the market is going, using modular architecture and adaptive thermal systems designed to scale and evolve as workload requirements grow more complex. Over the past several weeks, as we’ve brought the site online, it has become clear how well this architecture performs under real-world conditions.”

    “Vega’s design is particularly relevant for AI training and other non-customer-facing HPC workloads, where we believe speed, density, and cost efficiency will increasingly take precedence over traditional redundancy standards,” said Jake Palmer, Senior Vice President of Development at Hut 8. “The project represents a design philosophy we intend to scale, refine, and deploy as we continue to bridge the gap between high-cost, high-redundancy builds and lower-cost, application-optimized infrastructure.”

    BITMAIN is the client for the full ~15 EH/s deployment at Vega under an ASIC colocation agreement. Based on ERCOT forward energy prices, the agreement is expected to generate between $110 million and $120 million in annualized revenue upon full energization, subject to factors including ERCOT energy pricing and facility uptime. The agreement also includes a purchase option that allows Hut 8 to acquire all or part of the hosted fleet in up to three tranches at a fixed price, exercisable within six months of each tranche’s energization. This structure gives Hut 8 the ability to convert the deployment into self-mining capacity for its Bitcoin mining subsidiary, American Bitcoin Corp., supporting growth in its scale from 10 EH/s to 25 EH/s.

    “We are proud to have partnered with Hut 8 to successfully develop and commercialize the next generation of ASIC compute technology,” said Irene Gao, Vice President of Mining at BITMAIN. “Vega demonstrates what is possible when two industry leaders with deep technical expertise come together to push the boundaries of performance, efficiency, and design. We believe this collaboration has set a new benchmark for the industry, and we look forward to expanding on this success in the coming years.”

    Project Highlights

    • Industrial scale: 205 MW of nameplate capacity with a power usage effectiveness (“PUE”) of 1.06, powered behind-the-meter by a wind farm and front-of-the-meter by the ERCOT grid
    • Rack-based architecture: Proprietary rack-based architecture supports 180 kilowatts per rack, 50% higher than the 120-kW requirement of NVIDIA Blackwell HGX GPUs
    • Next-generation ASIC compute technology: Site will host up to 17,280 BITMAIN U3S21EXPH servers (at full energization), the first ASIC miner mass-commercialized by BITMAIN with direct liquid-to-chip cooling within a U form factor, each delivering up to 860 terahash per second (“TH/s”) at 13 joules per terahash (“J/TH”)
    • Direct-to-chip liquid cooling: 96 custom-designed cooling modules circulate 120,000 gallons of glycol-water solution through a closed-loop, reverse return system designed to reduce water consumption versus conventional high-density cooling systems
    • Capital efficiency: Estimated all-in cost of approximately $430,000 to $450,000 per MW of nameplate capacity
    • Time to market: From site acquisition in July 2024 to initial energization in June 2025, Vega was brought online in under a year, demonstrating Hut 8’s ability to use Bitcoin mining infrastructure development to rapidly monetize power assets
    • Commercialization through ASIC Colocation: BITMAIN will consume the full ~15 EH/s deployment at full energization pursuant to a colocation agreement that will generate revenue for Hut 8’s Digital Infrastructure segment and includes a purchase option that, if exercised, would enable American Bitcoin to scale its self-mining capacity from 10 to ~25 EH/s

    About Hut 8 

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

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the ability of the Vega facility to support up to ~15 EH/s of next-generation rack-based ASIC compute with direct-to-chip liquid cooling, the ability of Vega’s new Tier I data center form factor to narrow the gap between legacy air-cooled ASIC infrastructure and liquid-cooled GPU infrastructure, the ability of the infrastructure at the Vega facility to support ASIC deployments at densities of up to 180 kW per rack, the ability of the facility’s modular infrastructure to scale and evolve as workload requirements grow more complex, the performance of the infrastructure deployed at the Vega facility under real-world conditions, the relevance of the Vega design to AI training and other non-customer-facing HPC workloads, Hut 8’s intention to scale, refine, and deploy its design philosophy to bridge the gap between high-cost, high-redundancy builds and lower-cost, application-optimized infrastructure, the estimated revenues from the Bitmain colocation agreement and the factors impacting such revenues, the potential exercise of the ASIC purchase option and the benefits thereof to Hut 8 and American Bitcoin Corp., the total all-in cost to develop the Vega facility, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

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

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/99a463ce-e274-4ee7-a8e4-e134abc19825

    https://www.globenewswire.com/NewsRoom/AttachmentNg/30d0ece1-8f33-4444-b754-a4c5f49538e5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/33bbd349-a468-455f-b11a-8cbaaad40232

    The MIL Network –

  • MIL-OSI: Hut 8 Energizes Vega Data Center

    Source: GlobeNewswire (MIL-OSI)

    205 MW facility will support up to ~15 EH/s of next-generation rack-based ASIC compute with direct-to-chip liquid cooling

    Believed to be the largest single-building Bitcoin mining facility by nameplate hashrate

    MIAMI, June 30, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced the initial energization of Vega. Based on publicly available information, we believe Vega to be the largest single-building Bitcoin mining facility by nameplate hashrate. Spanning the equivalent of five football fields and covering 162,000 square feet, Vega is powered by 205 megawatts (“MW”) of nameplate energy capacity and at full energization will support up to ~15 exahash per second (“EH/s”) of BITMAIN U3S21EXPH servers for Bitcoin mining ASIC compute, or nearly 2.0% of current global Bitcoin network hashrate.

    Vega debuts a new Tier I data center form factor that narrows the gap between legacy air-cooled ASIC infrastructure and liquid-cooled GPU infrastructure. Unlike traditional mining facilities that rely on forced-air cooling and shelving systems that constrain compute density, Vega features a proprietary, rack-based, direct-to-chip liquid cooling system designed in-house by Hut 8. The architecture supports ASIC deployments at densities of up to 180 kilowatts (“kW”) per rack.

    The system’s modular architecture—including pump skids, fluid distribution networks, server racks, switchboards, and smart power distribution units—was designed by Hut 8’s in-house development organization to optimize thermal efficiency, miner stability, and operational reliability. The result is materially higher compute density, greater thermal control, and improved uptime in high-ambient environments like Texas. Initial customer discussions support the potential viability of this architecture for future iterations of high-density, direct-to-chip liquid cooled infrastructure to support emerging HPC workloads and customer needs.

    “Vega exemplifies our innovation-driven approach to digital infrastructure design,” said Asher Genoot, CEO of Hut 8. “We built it for where we believe the market is going, using modular architecture and adaptive thermal systems designed to scale and evolve as workload requirements grow more complex. Over the past several weeks, as we’ve brought the site online, it has become clear how well this architecture performs under real-world conditions.”

    “Vega’s design is particularly relevant for AI training and other non-customer-facing HPC workloads, where we believe speed, density, and cost efficiency will increasingly take precedence over traditional redundancy standards,” said Jake Palmer, Senior Vice President of Development at Hut 8. “The project represents a design philosophy we intend to scale, refine, and deploy as we continue to bridge the gap between high-cost, high-redundancy builds and lower-cost, application-optimized infrastructure.”

    BITMAIN is the client for the full ~15 EH/s deployment at Vega under an ASIC colocation agreement. Based on ERCOT forward energy prices, the agreement is expected to generate between $110 million and $120 million in annualized revenue upon full energization, subject to factors including ERCOT energy pricing and facility uptime. The agreement also includes a purchase option that allows Hut 8 to acquire all or part of the hosted fleet in up to three tranches at a fixed price, exercisable within six months of each tranche’s energization. This structure gives Hut 8 the ability to convert the deployment into self-mining capacity for its Bitcoin mining subsidiary, American Bitcoin Corp., supporting growth in its scale from 10 EH/s to 25 EH/s.

    “We are proud to have partnered with Hut 8 to successfully develop and commercialize the next generation of ASIC compute technology,” said Irene Gao, Vice President of Mining at BITMAIN. “Vega demonstrates what is possible when two industry leaders with deep technical expertise come together to push the boundaries of performance, efficiency, and design. We believe this collaboration has set a new benchmark for the industry, and we look forward to expanding on this success in the coming years.”

    Project Highlights

    • Industrial scale: 205 MW of nameplate capacity with a power usage effectiveness (“PUE”) of 1.06, powered behind-the-meter by a wind farm and front-of-the-meter by the ERCOT grid
    • Rack-based architecture: Proprietary rack-based architecture supports 180 kilowatts per rack, 50% higher than the 120-kW requirement of NVIDIA Blackwell HGX GPUs
    • Next-generation ASIC compute technology: Site will host up to 17,280 BITMAIN U3S21EXPH servers (at full energization), the first ASIC miner mass-commercialized by BITMAIN with direct liquid-to-chip cooling within a U form factor, each delivering up to 860 terahash per second (“TH/s”) at 13 joules per terahash (“J/TH”)
    • Direct-to-chip liquid cooling: 96 custom-designed cooling modules circulate 120,000 gallons of glycol-water solution through a closed-loop, reverse return system designed to reduce water consumption versus conventional high-density cooling systems
    • Capital efficiency: Estimated all-in cost of approximately $430,000 to $450,000 per MW of nameplate capacity
    • Time to market: From site acquisition in July 2024 to initial energization in June 2025, Vega was brought online in under a year, demonstrating Hut 8’s ability to use Bitcoin mining infrastructure development to rapidly monetize power assets
    • Commercialization through ASIC Colocation: BITMAIN will consume the full ~15 EH/s deployment at full energization pursuant to a colocation agreement that will generate revenue for Hut 8’s Digital Infrastructure segment and includes a purchase option that, if exercised, would enable American Bitcoin to scale its self-mining capacity from 10 to ~25 EH/s

    About Hut 8 

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

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the ability of the Vega facility to support up to ~15 EH/s of next-generation rack-based ASIC compute with direct-to-chip liquid cooling, the ability of Vega’s new Tier I data center form factor to narrow the gap between legacy air-cooled ASIC infrastructure and liquid-cooled GPU infrastructure, the ability of the infrastructure at the Vega facility to support ASIC deployments at densities of up to 180 kW per rack, the ability of the facility’s modular infrastructure to scale and evolve as workload requirements grow more complex, the performance of the infrastructure deployed at the Vega facility under real-world conditions, the relevance of the Vega design to AI training and other non-customer-facing HPC workloads, Hut 8’s intention to scale, refine, and deploy its design philosophy to bridge the gap between high-cost, high-redundancy builds and lower-cost, application-optimized infrastructure, the estimated revenues from the Bitmain colocation agreement and the factors impacting such revenues, the potential exercise of the ASIC purchase option and the benefits thereof to Hut 8 and American Bitcoin Corp., the total all-in cost to develop the Vega facility, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

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

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/99a463ce-e274-4ee7-a8e4-e134abc19825

    https://www.globenewswire.com/NewsRoom/AttachmentNg/30d0ece1-8f33-4444-b754-a4c5f49538e5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/33bbd349-a468-455f-b11a-8cbaaad40232

    The MIL Network –

  • MIL-OSI: Hyperscale Data Subsidiary askROI Surpasses 300,000 App Downloads on Apple App Store and Google Play

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 30, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned indirect subsidiary askROI, Inc. (“askROI”), has surpassed 300,000 cumulative app downloads between the Apple App Store and Google Play.

    askROI recently announced the launch of its app in both the Apple App Store and Google Play, offering users access to advanced artificial intelligence (“AI”) tools for both personal and business applications. Despite minimal marketing efforts to date, askROI’s organic traction continues to grow as askROI continues to improve platform functionality.

    “The askROI platform has seen significant growth since our last update announcing that we had surpassed 160,000 downloads,” stated Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “We are extremely pleased with the growth and are excited to announce new platform upgrades in the coming weeks.”

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

    About Hyperscale Data, Inc.

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

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to operate in the digital asset space as described in the Company’s filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

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

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

    The MIL Network –

  • MIL-OSI: Hyperscale Data Subsidiary askROI Surpasses 300,000 App Downloads on Apple App Store and Google Play

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 30, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned indirect subsidiary askROI, Inc. (“askROI”), has surpassed 300,000 cumulative app downloads between the Apple App Store and Google Play.

    askROI recently announced the launch of its app in both the Apple App Store and Google Play, offering users access to advanced artificial intelligence (“AI”) tools for both personal and business applications. Despite minimal marketing efforts to date, askROI’s organic traction continues to grow as askROI continues to improve platform functionality.

    “The askROI platform has seen significant growth since our last update announcing that we had surpassed 160,000 downloads,” stated Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “We are extremely pleased with the growth and are excited to announce new platform upgrades in the coming weeks.”

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

    About Hyperscale Data, Inc.

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

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to operate in the digital asset space as described in the Company’s filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

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

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

    The MIL Network –

  • MIL-OSI: Historic Dual Market Exchange Celebration: NIRI to Ring the Closing Bells at NYSE and Nasdaq

    Source: GlobeNewswire (MIL-OSI)

         –  Closing Bell Ceremonies live at 4:00 p.m. ET on Monday, June 30, 2025

    PHILADELPHIA, June 30, 2025 (GLOBE NEWSWIRE) — The Philadelphia Chapter of NIRI: The Association for Investor Relations is pleased to announce that today, NIRI will make history by ringing the closing bell at both the New York Stock Exchange and Nasdaq. This simultaneous celebration recognizes the investor relations profession and its strategic value for the capital markets.

    The dual bell ceremonies, taking place at 4:00 p.m. ET, are co-hosted by NIRI and the NIRI Philadelphia Chapter. Representatives from NIRI and its multiple chapters across the country will participate in this iconic event, with approximately 100 investor relations professionals gathering in New York City for this milestone moment.

    At the New York Stock Exchange, Nahla A. Azmy, President of NIRI Philadelphia, and Matthew D. Brusch, President and CEO of NIRI, will share bell-ringing honors on behalf of the NIRI organization.

    At Nasdaq MarketSite in Times Square, Lisa M. Caperelli, NIRI Board Director and Vice President of Sponsorships for the NIRI Philadelphia Chapter, will represent NIRI for the closing bell ceremony.

    Tune in to watch the Closing Bell Ceremonies live at 4:00 p.m. ET:

    NYSE: https://www.nyse.com/bell

    Nasdaq: https://www.nasdaq.com/marketsite/bell-ringing-ceremony

    About the NIRI Philadelphia Chapter
    NIRI Philadelphia, formed in 1971, is a professional association of investor relations officers, communicators, consultants and providers serving organizations in the Greater Philadelphia area. NIRI Philadelphia includes members from a variety of industries and market cap sizes who are responsible for communications between their organizations, the investing public, and the financial community. NIRI Philadelphia’s goal is to provide its members the resources needed to be strategic leaders in their organizations.

    About NIRI: The Association for Investor Relations 
    Founded in 1969, NIRI is the professional association of corporate officers and investor relations consultants responsible for communication among corporate management, shareholders, securities analysts, and other financial community constituents. NIRI is the largest professional investor relations association in the world with members representing over 1,500 publicly held companies and $12 trillion in stock market capitalization.

    The MIL Network –

  • MIL-OSI: Historic Dual Market Exchange Celebration: NIRI to Ring the Closing Bells at NYSE and Nasdaq

    Source: GlobeNewswire (MIL-OSI)

         –  Closing Bell Ceremonies live at 4:00 p.m. ET on Monday, June 30, 2025

    PHILADELPHIA, June 30, 2025 (GLOBE NEWSWIRE) — The Philadelphia Chapter of NIRI: The Association for Investor Relations is pleased to announce that today, NIRI will make history by ringing the closing bell at both the New York Stock Exchange and Nasdaq. This simultaneous celebration recognizes the investor relations profession and its strategic value for the capital markets.

    The dual bell ceremonies, taking place at 4:00 p.m. ET, are co-hosted by NIRI and the NIRI Philadelphia Chapter. Representatives from NIRI and its multiple chapters across the country will participate in this iconic event, with approximately 100 investor relations professionals gathering in New York City for this milestone moment.

    At the New York Stock Exchange, Nahla A. Azmy, President of NIRI Philadelphia, and Matthew D. Brusch, President and CEO of NIRI, will share bell-ringing honors on behalf of the NIRI organization.

    At Nasdaq MarketSite in Times Square, Lisa M. Caperelli, NIRI Board Director and Vice President of Sponsorships for the NIRI Philadelphia Chapter, will represent NIRI for the closing bell ceremony.

    Tune in to watch the Closing Bell Ceremonies live at 4:00 p.m. ET:

    NYSE: https://www.nyse.com/bell

    Nasdaq: https://www.nasdaq.com/marketsite/bell-ringing-ceremony

    About the NIRI Philadelphia Chapter
    NIRI Philadelphia, formed in 1971, is a professional association of investor relations officers, communicators, consultants and providers serving organizations in the Greater Philadelphia area. NIRI Philadelphia includes members from a variety of industries and market cap sizes who are responsible for communications between their organizations, the investing public, and the financial community. NIRI Philadelphia’s goal is to provide its members the resources needed to be strategic leaders in their organizations.

    About NIRI: The Association for Investor Relations 
    Founded in 1969, NIRI is the professional association of corporate officers and investor relations consultants responsible for communication among corporate management, shareholders, securities analysts, and other financial community constituents. NIRI is the largest professional investor relations association in the world with members representing over 1,500 publicly held companies and $12 trillion in stock market capitalization.

    The MIL Network –

  • MIL-OSI: 2025 Incentive Awards

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 30, 2025 (GLOBE NEWSWIRE) — Sintana Energy Inc. (TSX-V: SEI, OTCQX: SEUSF) (“Sintana” or the “Company”) reports that its Board of Directors has approved grants of a total of 4.3 million equity incentive awards comprised of 100,000 common stock options and 4.2 million restricted share units to several directors and officers of the Company. The options have an exercise price of CA $0.73, vest in three equal tranches over the next 24 months and will expire on June 27, 2035.

    ABOUT SINTANA ENERGY:

    The Company is engaged in petroleum and natural gas exploration and development activities on six large, highly prospective, onshore and offshore petroleum exploration licenses in Namibia, an onshore joint venture in Angola and a project in Colombia’s Magdalena Basin.

    On behalf of Sintana Energy Inc.,
    “Robert Bose”
    Chief Executive Officer

    For additional information or to sign-up to receive periodic updates about Sintana’s projects, and corporate activities, please visit the Company’s website at www.sintanaenergy.com

    Corporate Contacts:   Investor Relations Advisor:
    Robert Bose Sean Austin  Jonathan Paterson
    Chief Executive Officer Vice-President Founder & Managing Partner
    212-201-4125 713-825-9591 Harbor Access
        475-477-9401
         

    Forward-Looking Statements

    Certain information in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intensions for the future, and include, but not limited to, statements with respect to potential future farmout agreements on PEL 83 and/or PEL 87, and proposed future exploration and development activities on PEL 83 and/or PEL 90 and neighbouring properties, as well as the prospective nature of the Company’s property interests. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including, but not limited to risks relating to the receipt of all applicable regulatory approvals, results of exploration and development activities, the ability to source joint venture partners and fund exploration, permitting and government approvals, and other risks identified in the Company’s public disclosure documents from time to time. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company assumes no obligation to update such information, except as may be required by law.

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    The MIL Network –

  • MIL-OSI: Order.co Names Larry Robinett to Lead Partnerships and Drive Adoption of Its Workday Built Procurement Integration

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) — Order.co, the world’s leading B2B Ecommerce Platform, welcomes Larry Robinett as Head of Workday Accounts & Alliances. Robinett joins the company to expand strategic partnerships and scale adoption of Order.co’s exclusive Workday Built integration.

    Robinett brings more than two decades of experience in enterprise software and strategic alliances, with a long-standing focus on the Workday ecosystem. Most notably, he served as Vice President of Sales and Partner Alliances at Ascend Software. Here, he successfully spearheaded the company’s strategic partnership with Workday to help customers streamline accounts payable operations.

    As a result of the partnership, customers experienced significant efficiency gains and cost savings through AP automation, allowing them to scale operations without adding headcount – all while maximizing their investment in Workday Financial Management. Now, as the Head of Workday Accounts & Alliances at Order.co, Robinett will lead efforts to expand enterprise adoption of the company’s innovative Workday integration. With the integration at customers’ fingertips, they can unlock greater control, efficiency, and savings with a modern procurement experience from requisition to reconciliation.

    “I’m thrilled to join Order.co at such an exciting stage of growth,” Robinett said. “As someone who has worked extensively in the Workday ecosystem, I’m especially proud to join a company with a Workday Built integration, an achievement that reflects close collaboration with Workday’s product teams to deliver meaningful value to joint customers. I look forward to building strong partnerships and helping Workday Financial Management customers simplify and modernize their procurement experience in Workday.”

    As a Workday Select Partner, Order.co worked closely with Workday to co-develop an embedded B2B Ecommerce experience directly within the Workday platform. Using Order.co’s exclusive “Integrated Search”, customers can purchase all the items they need from the best-fit suppliers without leaving the Workday portal. Teams can search for any item and browse pre-approved products within their custom catalog, complete with contracted pricing or cost-effective alternatives. Submitting an order automatically generates a pre-populated requisition, eliminating the need for manual, error-prone data entry. Once approved, Order.co handles vendor fulfillment, and pre-coded invoices load seamlessly into Workday.

    Some of the benefits of leveraging Integrated Search include:

    • Faster purchasing – Employees can shop directly within Workday and automatically create requisitions with all the relevant data, eliminating the need to manually fill out purchase requests or toggle between vendor websites.
    • Stronger purchasing compliance – Users gain access to a pre-approved catalog of vendors and items, ensuring all purchases align with company policies and negotiated contracts.
    • Reduced rogue spend – Instead of going outside the system for small or ad-hoc purchases, employees can buy what they need directly through Integrated Search. Every purchase is captured in Workday, with built-in approvals and visibility – reducing out-of-policy spend without adding friction.
    • Faster supplier onboarding – Instead of developing costly punchouts, teams can easily add products from any supplier into Order.co’s centralized catalog, accelerating adoption and simplifying procurement operations.

    Order.co’s customers have raved about the integration, with Kyle Ingerman, Finance Transformations Senior Manager at WeWork, saying, “I cannot tell you how much time, effort, and money [the Order.co integration] has saved us.”

    To learn more about Order.co’s Workday-built integration, visit https://www.order.co/workday-procurement-integration/.

    About Order.co

    Order.co simplifies business buying by combining the ease of online shopping with the sophistication of world-class purchase order and AP automation. The result? Businesses cut costs and complexity with every order.

    Hundreds of companies, like WeWork and Hugo Boss, leverage Order.co to centralize purchase-to-pay workflows, scale operations, and gain total control over spending – saving an average of 5% on products. Founded in 2016 and headquartered in New York City, Order.co has raised $70M in funding from industry-leading investors like MIT, Stage 2 Capital, Rally Ventures, 645 Ventures, and more. To learn more, visit order.co.

    About Workday

    Workday is the AI platform for managing people, money, and agents. The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 11,000 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com.

    Media Contact

    Allison Reich
    Senior Manager of Brand, Content & Enablement
    Allison.reich@order.co

    The MIL Network –

  • MIL-OSI: As New Energy Tax Policy Takes Shape, T1 Energy Confident It is Well Positioned

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas and NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) values the ongoing support in the current draft of the budget bill under consideration in the U.S. Senate for the 45X Production Tax Credit, which encourages domestic production of solar modules and component pieces. This tax policy, backed by both houses of Congress and provisionally extended through 2032, provides a foundation for the growth of a domestic solar supply chain. T1 Energy expects to participate in and benefit from that growth.

    In addition, the proposed language in the budget bill maintains transferability and stackability of 45X credits. T1 views both as important incentives for the domestic solar manufacturing industry in general, and specifically for T1 by providing financing options and flexibility. The ability to potentially stack the 45X credits from integrated U.S. cell and module production is expected to contribute meaningfully to T1’s EBITDA generation.

    These elements of the budget bill are important for T1 as the Company continues to advance several capital formation initiatives to fund development of G2_Austin, its planned 5 GW U.S. Solar Cell Facility in Milam County, Texas. Finalization of the budget bill and a policy framework that supports T1’s domestic content strategy are key steps to advance T1’s project financing, customer offtake discussions and other related funding initiatives. The Company expects to complete the capital formation process to reach the start of construction at G2_Austin in Q3 2025.

    T1 Energy is evaluating the recently added proposal to implement an excise tax on certain solar projects that include a substantial percentage of components from a Foreign Entity of Concern (“FEOC”) nation. As a young and nimble company, T1 Energy believes it will be able to align its manufacturing operations with the final version of the bill. If the FEOC tax is in the final draft, T1 expects to be able to provide American solar modules exempt from the tax. If the provision is removed, T1 will continue with existing plans to provide high efficiency, cost-competitive modules from G1_Dallas, its operational 5 GW Solar Module Facility, while the Company evaluates its most attractive value creation opportunities.

    “Solar energy strengthens our electric grids and lowers electricity prices for Americans and American businesses. We see this every day on the Texas grid as solar supports the state’s dynamic population and economic growth through abundance and affordability. Solar is not a problem. It’s an answer. And it needs to be made in America,” said T1 Chairman of the Board and Chief Executive Officer Daniel Barcelo.

    About T1 Energy

    T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.

    To learn more about T1, please visit www.T1energy.com and follow us on social media.

    Investor contact:

    Jeffrey Spittel
    EVP, Investor Relations and Corporate Development
    jeffrey.spittel@T1energy.com
    Tel: +1 409 599 5706

    Media contact:

    Russell Gold
    EVP, Strategic Communications
    russell.gold@T1energy.com
    Tel: +1 214 616 9715

    Cautionary Statement Concerning Forward-Looking Statements:

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to: the Company’s ability to deliver solar modules exempt from proposed tax and any associated advantage in the solar marketplace; the duration of the 45X Production Tax Credit policy; the proposed tax policy providing a foundation for the growth of a domestic solar supply chain and the Company’s expected participation and benefit from such growth; the final form of the budget bill, including the transferability and stackability of 45X credits, and any benefits to the Company on its financing options and flexibility; the extent to which potential stackability of 45X credits may contribute meaningfully to T1’s EBITDA generation; T1’s ability to align its manufacturing operations with the final version of the budget bill and comply with the bill; the Company’s commitment to shareholders and customers; the Company’s capital formation initiatives to fund G2_Austin and the timeline for its construction; the Company’s ongoing customer offtake discussions; and the Company’s commitment to provide modules that are exempt from the proposed FEOC tax. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in (i) T1’s annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025, and T1’s quarterly report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the SEC on May 15, 2025, (ii) T1’s post-effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024, and (iii) T1’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.

    T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1’s website in the ‘Investor Relations’ section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1’s website and social media channels on a regular basis, in addition to following T1’s press releases, SEC filings, and public conference calls and webcasts. The contents of T1’s website and its and Daniel Barcelo’s social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

    The MIL Network –

  • MIL-OSI: Global Net Lease Credit Ratings Upgraded By S&P Global

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that S&P Global has upgraded its corporate credit rating to BB+ from BB following the successful $1.8 billion sale of GNL’s multi-tenant portfolio, which enabled a substantial paydown of GNL’s debt. S&P also raised its issue-level rating on GNL’s unsecured notes to an investment-grade BBB- from BB+.

    As a result of the multi-tenant portfolio sale, GNL’s streamlined portfolio of diversified, long-term triple-net leases features a broad tenant base, minimal near-term lease expirations, high occupancy, and strengthened operating metrics.

    “We believe S&P’s upgrade of our credit ratings further validates the decisive actions we’ve taken to strengthen GNL’s balance sheet and portfolio,” said Michael Weil, CEO of GNL. “Our disciplined execution of a capital strategy designed to improve our credit profile and enhance shareholder value has created tangible results that we intend to build upon in the second half of 2025 and beyond. We are committed to further strengthening GNL’s financial position though continued leverage reduction and lowering our cost of capital.”

    About Global Net Lease, Inc.

    Global Net Lease, Inc. (NYSE: GNL) is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com. 

    Important Notice

    The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as “may,”  “will,”  “seeks,”  “anticipates,”  “believes,”  “expects,”  “estimates,”  “projects,”  “potential,”  “predicts,”  “plans,”  “intends,”  “would,”  “could,”  “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks that any potential future acquisition or disposition by the Company is subject to market conditions, capital availability and timing considerations and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company’s actual results to differ materially from those presented in the Company’s forward-looking statements are set forth in the “Risk Factors” and “Quantitative and Qualitative Disclosures about Market Risk” sections in the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

    Contacts:
    Investor Relations
    Email: investorrelations@globalnetlease.com
    Phone: (332) 265-2020

    The MIL Network –

  • MIL-OSI: Bitcoin Solaris Presale Gains Strong Momentum Ahead of Upcoming Launch

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 30, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S) has announced a major milestone in its ongoing token presale, officially surpassing $5.8 million in early commitments from over 12,800 participants worldwide. With less than five weeks remaining before launch, interest in the dual-layer blockchain has accelerated, positioning BTC-S as one of the year’s most closely watched crypto presales.

    Designed to address long-standing limitations in scalability, speed, and accessibility, Bitcoin Solaris combines a Proof-of-Work base layer with a Delegated Proof-of-Stake (DPoS) execution layer, enabling over 10,000 transactions per second (TPS), sub-2-second finality, and dramatically lower energy consumption. According to the project team, Bitcoin Solaris operates with 99.95% less energy usage than traditional mining-based blockchains.

    Why Everyone Is Now Talking About BTC-S

    From influencer videos to Telegram channels, the buzz around Bitcoin Solaris is not just hype. It is driven by fundamentals and real innovation. Even major voices in the space are weighing in.

    A detailed review by Crypto Vlog breaks down why this project stands out from the sea of recycled layer-1s and copycat tokens. From smart contract flexibility to cross-chain compatibility, BTC-S is getting attention for being bold and original.

    Early Bitcoin Changed Lives, BTC-S Is the Second Chance

    Presale Momentum: Fastest Rise in the Market?

    Investors are rushing in. And for good reason. The Bitcoin Solaris presale is being called one of the shortest and most explosive in crypto history.

    • Over $5.8 million raised so far
    • More than 12,800 users onboarded
    • Less than 5 weeks left before launch
    • Presale in Phase 10 at $10 per token
    • Launch price confirmed at $20, with a 6% bonus for new buyers

    That means a 150 percent return is practically baked in for early investors. For receiving your BTC-S tokens securely on launch day, Trust Wallet and Metamask are the preferred options.

    And this isn’t just FOMO. BTC-S has passed major due diligence. It’s already audited by Cyberscope and Freshcoins. Community discussions are alive on Telegram and X, where crypto veterans and curious newcomers alike are lining up for early access.

    A Future Built on Speed, Security, and Smart Contracts

    Bitcoin Solaris was engineered to solve what Bitcoin cannot. High fees, slow confirmation times, and limited programmability are outdated in the Web3 world. BTC-S fixes that with:

    • 10,000+ TPS performance using dual consensus
    • Validator rotation every few seconds for better security
    • Rust-based smart contracts that support full DeFi functionality
    • Fast 2-second finality, making it viable for real-time payments
    • 99.95 percent energy reduction, opening the door to ESG-compliant investments

    And all of this will soon be in the palm of your hand. Mining BTC-S will be possible through the upcoming Solaris Nova app, which turns your phone into a revenue stream. Curious about earnings? Use the profit calculator to see daily estimates based on your phone type.

    What’s Next: Roadmap Highlights

    While the presale hype is real, Bitcoin Solaris is building for the long game. According to the public roadmap, the next milestones include:

    • Full mainnet launch in Q3 2026
    • Solaris Nova app release with AI optimizations
    • Developer toolkit rollout and cross-chain DApp support
    • Enterprise adoption through Fortune 500 partnerships
    • Future-ready infrastructure, including quantum-resistant security

    This isn’t a roadmap filled with vague promises. Every phase is tied to deliverables, integrations, and real-world applications. BTC-S is setting up a full ecosystem that doesn’t just aim for the moon; it builds the launchpad first.

    Conclusion: One of the Smartest Bets of the Year?

    Let’s be clear. Bitcoin Solaris is not just another altcoin. It’s a second chance at generational wealth, powered by scalable tech, early incentives, and unmatched mobile mining accessibility. As BTC-S gears up for launch, the only question left is who acted early enough to catch the 150 percent wave before it’s gone.

    For More Information:
    Website: https://www.bitcoinsolaris.com
     Telegram: https://t.me/Bitcoinsolaris
     X (Twitter): https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c3eb2552-a314-4ad2-a0b7-328e8ea1ceeb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/37be60b9-cb2b-4f66-8bd2-34dbeba9679a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a03cde94-4e1f-4a16-8a6a-00339d049d98

    https://www.globenewswire.com/NewsRoom/AttachmentNg/271c05a4-779d-407f-ba31-c19da9482bf5

    The MIL Network –

  • MIL-OSI Video: Invest in the Future: Conference on Financing for Development FFD4 – UN Chief | United Nations

    Source: United Nations (video statements)

    Opening remarks by António Guterres, Secretary-General of the United Nations, at the Opening of the 4th International Conference on Financing for Development FFD4 (Sevilla, Spain).

    “Your Majesties,
    Excellencies, ladies and gentlemen,

    I thank the Government and people of Spain for welcoming us to Sevilla for this important conference.

    For decades, the mission of sustainable development has united countries large and small, developed and developing.

    Together, we achieved progress.

    Reducing global poverty and hunger.

    Saving lives with stronger health care systems.

    Getting more children into school.

    Expanding opportunities for women and girls.

    And strengthening social safety nets.

    But today, development and its great enabler — international cooperation — are facing massive headwinds.

    We are living in a world where trust is fraying and multilateralism is strained.

    A world with a slowing economy, rising trade tensions, and decimated aid budgets.

    A world shaken by inequalities, climate chaos and raging conflicts.

    The link between peace and development is clear.

    Nine of the ten countries with the lowest Human Development Indicators are currently in a state of conflict.

    Excellencies,

    Financing is the engine of development.

    And right now, this engine is sputtering.

    As we meet, the 2030 Agenda for Sustainable Development — our global promise to transform our world for a better, fairer future — is in danger.

    Two-thirds of the Sustainable Development Goals targets are lagging.

    Achieving them requires an investment of more than $4 trillion a year.

    But this is not just a crisis of numbers.

    It’s a crisis of people.

    Of families going hungry.

    Of children going unvaccinated.

    Of girls forced to drop out of school.

    We are here in Sevilla to change course.

    To repair and rev up the engine of development to accelerate investment at the scale and speed required.

    And to restore a measure of fairness and justice for all.

    Excellencies,

    The Sevilla Commitment document is a global promise to fix how the world supports countries as they climb the development ladder.

    I see three areas of action.

    First — we must get resources flowing. Fast.

    Countries must lead by mobilizing domestic resources and investing in areas of greatest impact: schools, health care, social protection, decent work, and renewable energy.

    Unlocking these investments requires strengthening tax systems, and tackling illicit financial flows and tax evasion.

    And helping developing countries dedicate a greater share of their tax revenues to the systems people need.

    The Sevilla Commitment’s call on developed countries to double their aid dedicated to domestic resource mobilization can support this.

    Multilateral and national development banks must unite to finance major investments.

    This includes tripling the lending capacity of Multilateral Development Banks — and rechanneling Special Drawing Rights that can unlock lending capacity and help developing countries boost investment.

    We also need innovative financing solutions to unlock private capital.

    Solutions that mitigate currency risks;

    That combine public and private finance more effectively, and ensure the risks and rewards of development projects are shared by both the public and private sectors;

    And that ensure financial regulations assess risk appropriately and support investments in frontier markets.

    Second — we must fix the global debt system which is unsustainable, unfair and unaffordable.

    With annual debt service at $1.4 trillion, countries need — and deserve — a system that lowers borrowing costs, enables fair and timely debt-restructuring, and prevents debt crises in the first place.

    The Sevilla Commitment lays the groundwork:

    By creating a single debt registry for transparency, and promoting responsible lending and borrowing;

    By lowering the cost of capital through debt swaps and debt management support;

    And through debt service pauses in times of emergency.

    And third — we must increase the participation of developing countries in the institutions of the global financial architecture. The present major shareholders have a role to play recognizing the importance of correcting injustices and adapting to a changing world.

    A new borrowers forum will give voice to borrowers for fairer debt resolution and can foster transparency, shared learning and coordinated debt action.

    And we need a fairer global tax system shaped by all, not just a few.

    Excellencies, ladies and gentlemen,

    This conference is not about charity.

    It’s about restoring justice and lives of dignity.

    This conference is not about money.

    It’s about investing in the future we want to build, together.

    Thank you all for being part of this important and ambitious effort”.

    https://www.youtube.com/watch?v=2jX8dA1w0L4

    MIL OSI Video –

  • MIL-OSI Video: Invest in the Future: Conference on Financing for Development FFD4 – UN Chief | United Nations

    Source: United Nations (video statements)

    Opening remarks by António Guterres, Secretary-General of the United Nations, at the Opening of the 4th International Conference on Financing for Development FFD4 (Sevilla, Spain).

    “Your Majesties,
    Excellencies, ladies and gentlemen,

    I thank the Government and people of Spain for welcoming us to Sevilla for this important conference.

    For decades, the mission of sustainable development has united countries large and small, developed and developing.

    Together, we achieved progress.

    Reducing global poverty and hunger.

    Saving lives with stronger health care systems.

    Getting more children into school.

    Expanding opportunities for women and girls.

    And strengthening social safety nets.

    But today, development and its great enabler — international cooperation — are facing massive headwinds.

    We are living in a world where trust is fraying and multilateralism is strained.

    A world with a slowing economy, rising trade tensions, and decimated aid budgets.

    A world shaken by inequalities, climate chaos and raging conflicts.

    The link between peace and development is clear.

    Nine of the ten countries with the lowest Human Development Indicators are currently in a state of conflict.

    Excellencies,

    Financing is the engine of development.

    And right now, this engine is sputtering.

    As we meet, the 2030 Agenda for Sustainable Development — our global promise to transform our world for a better, fairer future — is in danger.

    Two-thirds of the Sustainable Development Goals targets are lagging.

    Achieving them requires an investment of more than $4 trillion a year.

    But this is not just a crisis of numbers.

    It’s a crisis of people.

    Of families going hungry.

    Of children going unvaccinated.

    Of girls forced to drop out of school.

    We are here in Sevilla to change course.

    To repair and rev up the engine of development to accelerate investment at the scale and speed required.

    And to restore a measure of fairness and justice for all.

    Excellencies,

    The Sevilla Commitment document is a global promise to fix how the world supports countries as they climb the development ladder.

    I see three areas of action.

    First — we must get resources flowing. Fast.

    Countries must lead by mobilizing domestic resources and investing in areas of greatest impact: schools, health care, social protection, decent work, and renewable energy.

    Unlocking these investments requires strengthening tax systems, and tackling illicit financial flows and tax evasion.

    And helping developing countries dedicate a greater share of their tax revenues to the systems people need.

    The Sevilla Commitment’s call on developed countries to double their aid dedicated to domestic resource mobilization can support this.

    Multilateral and national development banks must unite to finance major investments.

    This includes tripling the lending capacity of Multilateral Development Banks — and rechanneling Special Drawing Rights that can unlock lending capacity and help developing countries boost investment.

    We also need innovative financing solutions to unlock private capital.

    Solutions that mitigate currency risks;

    That combine public and private finance more effectively, and ensure the risks and rewards of development projects are shared by both the public and private sectors;

    And that ensure financial regulations assess risk appropriately and support investments in frontier markets.

    Second — we must fix the global debt system which is unsustainable, unfair and unaffordable.

    With annual debt service at $1.4 trillion, countries need — and deserve — a system that lowers borrowing costs, enables fair and timely debt-restructuring, and prevents debt crises in the first place.

    The Sevilla Commitment lays the groundwork:

    By creating a single debt registry for transparency, and promoting responsible lending and borrowing;

    By lowering the cost of capital through debt swaps and debt management support;

    And through debt service pauses in times of emergency.

    And third — we must increase the participation of developing countries in the institutions of the global financial architecture. The present major shareholders have a role to play recognizing the importance of correcting injustices and adapting to a changing world.

    A new borrowers forum will give voice to borrowers for fairer debt resolution and can foster transparency, shared learning and coordinated debt action.

    And we need a fairer global tax system shaped by all, not just a few.

    Excellencies, ladies and gentlemen,

    This conference is not about charity.

    It’s about restoring justice and lives of dignity.

    This conference is not about money.

    It’s about investing in the future we want to build, together.

    Thank you all for being part of this important and ambitious effort”.

    https://www.youtube.com/watch?v=2jX8dA1w0L4

    MIL OSI Video –