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Category: Finance

  • MIL-OSI: MoneyHero Group to Announce First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 29, 2025 (GLOBE NEWSWIRE) — MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “ Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced that it will release its first quarter 2025 results on Friday, June 13, 2025 before market opens and will hold a related conference call to discuss the results at 8:00 a.m. EDT (or 8:00 p.m. Hong Kong / Singapore time) on the same day.

    Investors and other interested parties may listen to the call by clicking on the registration link for the webcast or audio conference at:

    Webcast: https://edge.media-server.com/mmc/p/q7ymzw9v
    Conference call: https://register-conf.media-server.com/register/BI715b6ae9a0fa497a9a90877eaad916ac

    The webcast replay will be available on the Investor Relations website for 12 months following the event.

    About MoneyHero Group

    MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 290 commercial partner relationships as at December 31, 2024, and had approximately 6.2 million Monthly Unique Users across its platform for the three months ended December 31, 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

    For inquiries, please contact:

    Investor Relations:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    Media Relations:
    MoneyHero PR Team
    Press@MoneyHeroGroup.com 

    The MIL Network –

    May 30, 2025
  • MIL-OSI: BrightHy Solutions, a Fusion Fuel company, Forges Strategic Partnership with Sungrow Hydrogen to Deliver Cutting-Edge Hydrogen Solutions in Iberia

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, May 29, 2025 (GLOBE NEWSWIRE) — via IBN — BrightHy Solutions, a Fusion Fuel company and a leading provider of hydrogen solutions, is proud to announce a strategic agency and partnership agreement with Sungrow Hydrogen, a leading green hydrogen production solution provider specializing in water electrolysis technology. This collaboration aims to accelerate the deployment of cutting-edge hydrogen production equipment in Iberia, combining the expertise of both companies to drive the green energy transition.

    The partnership builds on existing collaboration between BrightHy and Sungrow Hydrogen, with both companies already working together on new hydrogen projects in the region. Under this agreement, BrightHy will serve as agent for Sungrow Hydrogen’s products, leveraging its proven engineering capabilities, deep market knowledge, and strong local presence to provide tailored solutions and dedicated support.

    Sungrow Hydrogen maintains a world’s leading 30MW Water Electrolysis Hydrogen Production Empirical Platform and a Germany-based Hydrogen Technology Laboratory focused on pioneering hydrogen technologies. With over 550 secured patents and copyrights, the company possesses core competencies for flexible green hydrogen production.

    “We are thrilled to partner with Sungrow Hydrogen to bring best-in-class hydrogen production technologies to our markets,” said Mr. Frederico Figueira de Chaves, CEO. “This collaboration not only strengthens our technology portfolio offering but also ensures that customers benefit from both Sungrow Hydrogen’s world-class innovation and BrightHy’s ability to provide expert local support.”

    Mr. Chaocai Peng, Chairman of Sungrow Hydrogen, stated, “The technological prowess of Sungrow Hydrogen, coupled with BrightHy’s practical expertise and market reach, will facilitate the seamless integration of hydrogen solutions for industrial and energy applications. We are united in our dedication to spearhead the green hydrogen market by providing efficient, intelligent and safe hydrogen solutions in Iberia.”

    As the demand for green hydrogen continues to rise, this partnership represents a key milestone in advancing sustainable energy solutions in Iberia.

    About BrightHy Solutions

    BrightHy Solutions, a subsidiary of Fusion Fuel Green Plc. (NASDAQ: HTOO) is positioning itself as a leader in the hydrogen through electrolysis solutions market. With its substantial industry experience, BrightHy is a partner to clients through the entire hydrogen production value chain including plant design, tailored engineering solutions, equipment sourcing, engineering and implementation oversight. BrightHy has a strong and core focus on safety, reliability, and efficiency.

    About Sungrow Hydrogen

    Sungrow Hydrogen is a leading green hydrogen production solutions provider specializing in advanced water electrolysis technology. As a subsidiary of Sungrow (Stock Code: 300274), it leverages cutting-edge expertise to deliver flexible green hydrogen production system solutions. The company’s core offerings include ALK electrolyzers, PEM electrolyzers, PWM hydrogen production power supplies, gas-liquid separation equipment, hydrogen purification equipment, and intelligent hydrogen management system. Committed to innovation, Sungrow Hydrogen provides “efficient, intelligent, safe” flexible solutions for green hydrogen production, accelerating the global transition to clean energy.

    Forward-Looking Statements

    This press release contains “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “may,” “predict,” “should,” “would,” “potential,” “seem,” “future,” “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Such risks and uncertainties include, without limitation, the Company’s ability to enter into a definitive share purchase agreement with the shareholders of Target, the ability of the parties to complete their due diligence and all other closing conditions, the Company’s ability to complete the proposed acquisition and integrate Target’s business, the parties’ ability to obtain all necessary regulatory and other consents and approvals in connection with the transaction, the ability of Target to complete the audit process and the possibility that the reported results of its operations for its fiscal years ended April 30, 2025 and 2024 will change materially upon completion of the audit process, and those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission on May 9, 2025, which could cause actual results to differ from the forward-looking statements. These risks, uncertainties and other factors are, in some cases, beyond the parties’ control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if these underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Relations Contact
    ir@fusion-fuel.eu
    www.fusion-fuel.eu

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Synchronoss Added to Membership of US Small-Cap Russell 2000® Index

    Source: GlobeNewswire (MIL-OSI)

    BRIDGEWATER, N.J., May 29, 2025 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced that the company was added as a member of the US small-cap Russell 2000® Index, effective after the US market opens on June 30 as part of the 2025 Russell indexes reconstitution. Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The stock also was automatically added to the appropriate growth and value indexes.

    “Our inclusion in the Russell 2000® Index is a tremendous validation of our team’s relentless dedication and the significant progress we have made in executing our strategic vision,” said Jeff Miller, President and CEO of Synchronoss. “This important milestone not only enhances our visibility within the investment community but also reaffirms our business strategy focused on delivering innovative cloud solutions for telecom and mobile operators that leverage AI, machine learning and other core technologies.”

    Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.

    For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

    About Synchronoss
    Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement using artificial intelligence (AI), machine learning and other advanced features, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.

    About FTSE Russell
    An LSEG Business, FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

    FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell.

    Media Relations Contact:
    Domenick Cilea
    Springboard
    dcilea@springboardpr.com

    Investor Relations Contact:
    Ryan Gardella
    ICR INC.
    ryan.gardella@icrinc.com

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Upexi Partners with Crypto-Native Marketing and Design Firm, GMI Digital, to Drive Solana-Focused Strategy

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., May 29, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced that it has selected GMI Digital as its crypto-native marketing and design service provider.

    As Upexi advances its Solana-first strategy—offering investors scalable, transparent, and compliant exposure to $SOL—GMI Digital will lead initiatives across brand identity, digital presence, product UX/UI, and social media storytelling. The collaboration aims to sharpen Upexi’s narrative and strengthen its engagement with both institutional and crypto-native audiences.

    “As we scale Upexi’s vision to become the premier public company for Solana exposure, it was clear we needed a partner who deeply understands this ecosystem,” said Allan Marshall, CEO of Upexi. “GMI Digital stands out with a rare combination of crypto-native insight and executional excellence across design, product, and marketing. Their expertise makes them an ideal partner to sharpen our messaging strategy and connect with the communities that matter.”

    GMI Digital is a full-service crypto-native design and marketing firm that works with protocols, trading firms, and top-tier venture funds to elevate their digital presence, refine product experiences, and scale go-to-market efforts. Headquartered in New Jersey with global operations, GMI supports clients around the world.

    “We’re proud to partner with a team that understands both crypto culture and public company communication,” said Emily Readey, Principal and Head of Design at GMI Digital. “At GMI, we collaborate with some of the most ambitious teams in crypto—from early-stage projects to institutional trading desks—across product design, web development, and brand systems. Upexi is building something unique at the intersection of public markets and Solana, and we’re thrilled to help tell that story to the world.”

    GMI Digital’s track record mixes technical fluency with sharp design execution and high-impact storytelling. Their design ethos blends clarity, usability, and deep crypto context—skills now fueling GMI’s impact across the industry. Together, Upexi and GMI aim to set a new standard for what a crypto-native public company looks like.

    About Upexi, Inc.
    Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the Cryptocurrency industry and cash management of assets through a Cryptocurrency Portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.

    Follow Upexi on X – https://twitter.com/upexitreasury
    Follow CEO, Allan Marshall, on X – https://x.com/marshall_a22015
    Follow CSO, Brian Rudick, on X – https://x.com/thetinyant

    About GMI Digital
    GMI Digital is a crypto-native marketing and design studio headquartered in New Jersey with offices in Barcelona and Como, Italy. The firm serves leading protocols, trading firms, and venture funds across the digital asset ecosystem. From product and brand design to social and UX/UI strategy, GMI helps the next generation of internet-native businesses scale and communicate with confidence.

    Forward Looking Statements
    This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the anticipated use of proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

    Company Contact
    Brian Rudick, Chief Strategy Officer
    Email:brian.rudick@upexi.com
    Phone: (216) 347-0473

    Investor Relations Contact
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    Email: Upexi@KCSA.com
    Phone: (212) 896-1254

    The MIL Network –

    May 30, 2025
  • MIL-OSI: OSS Partners with U.S. Special Operations Command to Develop High Performance edge Computers (HPeC) for Austere Maritime Environments

    Source: GlobeNewswire (MIL-OSI)

    Partnership to develop rugged edge AI/ML compute solutions to improve cognitive dominance for U.S. Special Operations Forces

    Agreement aligns with OSS’ strategy to expand offerings and establish embedded relationships across the U.S. Department of Defense

    ESCONDIDO, Calif., May 29, 2025 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (“OSS” or the “Company”) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the Edge, today announced that the Company has entered into a Cooperative Research and Development Agreement (CRADA) with U.S. Special Operations Command (USSOCOM) to create advanced, durable High Performance edge Computer (HPeC) solutions that can process vast amounts of data quickly and efficiently in the field.

    Under the CRADA, OSS will demonstrate its current, cutting-edge AI and ML computing solutions designed specifically for rugged, edge environments to advance USSOCOM maritime platform performance and capabilities. The partnership leverages OSS’ expertise in designing Enterprise Class compute systems that operate in extreme conditions such as harsh climates or remote locations. Solutions under development will support a strategic initiative of USSOCOM, which seeks to enhance the situational awareness, decision-making, and operational capabilities of special operations forces (SOF) in maritime operations. By leveraging AI and ML at the edge, USSOCOM aims to improve cognitive dominance—enabling warfighters to process information faster than their adversaries, to make more informed decisions, and to ultimately achieve mission objectives with greater precision.

    “Our collaboration with USSOCOM will provide warfighters with more sophisticated and intelligent tools to improve their performance in increasingly complex and dynamic combat scenarios, thus reinforcing their competitive advantage on the battlefield,” commented Robert Kalebaugh, OSS VP of Sales. “SOF’s role within the U.S. Department of Defense continues to evolve across echelons, from man-worn to command center operations, and OSS is uniquely qualified to support the needs of U.S. Special Operation Forces.”

    “Today’s announcement also reflects our multi-year strategy focused on expanding our offerings and establishing relationships across all branches of the U.S. Armed Forces. The USSOCOM CRADA represents an important pillar as we continue to forge a relationship with one of the most innovative commands within the Department of Defense. We believe the Armed Forces will accelerate the adaptation of these types of Enterprise Class architecture which OSS provides for AI/ML, sensor fusion and autonomy applications across maritime, land, air, and space domains,” concluded Mr. Kalebaugh.

    About One Stop Systems
    One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge’. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.

    OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

    OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

    As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

    OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.

    Forward-Looking Statements
    One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on the company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved, including but not limited to the potential of the Cooperative Research and Development Agreement with the U.S. Special Operations Command, and any actual revenue derived from the Agreement. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

    Media Contacts:
    Robert Kalebaugh
    One Stop Systems, Inc.
    Tel (858) 518-6154
    Email contact

    Investor Relations:
    Andrew Berger
    Managing Director
    SM Berger & Company, Inc.
    Tel (216) 464-6400
    Email contact

    The MIL Network –

    May 30, 2025
  • MIL-OSI: XRP News: Nimanode Presale Explodes, Buy $NMA Before Exchange Listings

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, May 29, 2025 (GLOBE NEWSWIRE) — As XRP’s bullish momentum electrifies the crypto market, Nimanode is rapidly emerging as one of the most anticipated DeFi projects on the XRP Ledger. Following a strong and successful start to its token launch, the $NMA presale is still underway, gaining traction as excitement builds across the DeFi landscape. There’s still an opportunity to secure tokens ahead of upcoming exchange listings and expected price surges.

    Nimanode is Building the first zero-code platform to deploy autonomous AI agents on the XRP Ledger (XRPL). Built for anyone from non-techies, developers, to entrepreneurs to build, deploy AI agents that simplify, secure and strategize their Web3 experience.

    What makes Nimanode different isn’t just its AI or even its blockchain integration. It boasts of a hybrid model (off-chain & on-chain) that allows AI agents to act independently, adapt to on-chain events, and perform real work for users and organizations alike.

    Buy $NMA on the Presale Page

    A Standout DeFi Protocol

    Built natively on XRPL, Nimanode leverages the blockchain’s speed, low fees, and scalability to enable high-frequency, low-latency AI agent execution. The platform’s agents are capable of:

    • Executing smart contracts via XRPL Hooks
    • Scanning wallets and tokens for real-time risk
    • Monitoring compliance in tokenized real-world assets (RWAs)
    • Managing liquidity and maximizing APY across XRPL protocols
    • Operating 24/7 as decentralized customer support interfaces

    Join $NMA Presale Now

    Don’t Miss Out Nimanode Presale

    With a total of 90 million $NMA representing 45% of $NMA allocated for the presale, this marks a unique and promising chance to claim early access into one of XRP Ledger’s most innovative projects, spearheading the AI ecosystem on the blockchain. This is a chance to invest in $NMA before its DEX Listing at 25% higher value.

    Joining in the NimaNode Presale is quite straightforward

    Setup an XRP-Compatible Wallet: Ensure you have a non-custodial wallet capable of receiving XRP native tokens (e.g., Xaman, Trust Wallet, or Ledger).

    Purchase XRP: Acquire XRP from reputable exchanges like Binance, Coinbase, or Bybit.

    Participate in the Presale: Visit the NimaNode presale page (https://nimanode.com/presale), send your XRP to the provided presale address, and secure your $NMA tokens.

    There is a Limited Time Period of 30 Days for the Presale and it’s pricing is going at 1 XRP = 450 $NMA

    Final Word

    As XRP is poised for massive institutional adoption, XRP ETFs and Futures fueling momentum, building on the Blockchain ensures Nimanode reaches its full potential. Do not miss out on any updates regarding Nimanode by ensuring you follow their various communications channels.

    Connect with Nimanode

    Website: https://nimanode.com

    Twitter/X: https://x.com/nimanodeai

    Telegram: https://t.me/nimanodeAI

    Documentation: https://docs.nimanode.com

    Contact:
    Nick Lambert
    contact@nimanode.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b30333a9-090a-4aee-9a62-e3e48c369b0e

    The MIL Network –

    May 30, 2025
  • MIL-OSI: NANO Nuclear Energy Closes $105 Million Common Stock Private Placement

    Source: GlobeNewswire (MIL-OSI)

    NANO Nuclear’s cash position at over $210 Million, which will fuel the company’s continued innovations in the advanced nuclear energy sector 

    Financing included primary participation from fundamental institutional investors, including a pre-eminent global investment manager and a leading long-only mutual fund

    New York, N.Y., May 29, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company, today announced the closing of its previously announced common stock private placement for gross proceeds of approximately $105 million, before deducting offering expenses. Net proceeds to NANO Nuclear are expected to be approximately $99 million.

    Primary participation in the private placement came from fundamental institutional investors, including a pre-eminent global investment manager and a leading long-only mutual fund. In the private placement, NANO Nuclear sold 3,888,889 shares of common stock at a purchase price of $27.00 per share.

    The proceeds from this financing significantly boosts NANO Nuclear’s cash on hand to over $210 million. With these resources, NANO Nuclear will be able to more readily advance its cutting-edge micro nuclear reactors and auxiliary nuclear energy-related businesses, as well as seek complimentary acquisitions and drive growth towards initial revenue generation.

    Figure 1 – NANO Nuclear Energy Inc. Closes $105 Million Common Stock Private Placement

    “We are very grateful to have secured this new capital, our largest funding round yet, which was also completed at our highest financing valuation to date and puts our cash on hand at over $210 million,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “This achievement was made possible through the participation of well known, long term fundamental institutional investors who understand not only the nuclear energy renaissance we are participating in, but the specific potential for NANO Nuclear’s technologies and business plans. We expect this capital will accelerate our near- and longer-term valuation catalysts, particularly given the high technology readiness level of our KRONOS MMR™ microreactor (being developed in conjunction with University of Illinois Urbana-Champaign) and our planned commencement of geological site characterization activities, including subsurface drilling investigations, for this reactor, which would be first research microreactor built on campus grounds in the U.S by an advanced reactor company. These activities will lead to the submission of our KRONOS MMR construction permit applications to the Nuclear Regulatory Commission thereafter. We also applaud last week’s presidential executive orders aimed at boosting nuclear energy in the U.S. and streamlining nuclear regulation, which will drive tailwinds for us and the entire nuclear energy sector in coming years. Our mission to become a leading, diversified, and vertically integrated advanced nuclear energy company has taken another large step forward, and we look forward to deploying our capital to drive innovation in our industry and value for our stockholders.”

    Titan Partners Group, a division of American Capital Partners, acted as the sole placement agent for the offering. Ellenoff Grossman & Schole LLP acted as counsel to NANO Nuclear, and Lucosky Brookman LLP acted as counsel to the placement agent.

    The securities sold in the private placement have not been registered under the Securities Act of 1933, as amended, or state securities laws and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC by June 10, 2025 covering the resale of the shares of common stock issued in the private placement.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these 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.

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further information, please contact:
    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy TWITTER

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the anticipated benefits to the Company of private placement financing described herein, as well as statements regarding the anticipated benefits of nuclear regulatory reform and the potential fulfillment of Company’s business plans) related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations and advance our plans, (iv) risks related to uncertainty regarding our ability to technologically develop, gain registered intellectual property protection for, and commercially deploy competitive advanced nuclear reactor and other technology in the timelines we anticipate, if ever, (v) risks related to U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, and including those associated with the recently enacted ADVANCE Act and the May 23, 2025 presidential executive orders seeking to support U.S. nuclear energy, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    • NANO Nuclear Energy Inc.

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Eos Energy Enterprises, Inc. Announces Proposed Offering of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J., May 29, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”) today announced that it has commenced a $75,000,000 common stock offering (the “Offering”). The Offering is being made pursuant to the Securities Act of 1933, as amended (the “Securities Act). The Company expects to grant the underwriters of the Offering, a 30-day option to purchase up to an additional $11,250,000 of common stock, at the public offering price, less the underwriting discounts. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when either the Offering may be completed, if at all, or as to the actual size or terms of the Offering.

    Eos expects to use the net proceeds from the Offering, together with the net proceeds from the offering of the notes referred to below, if it is consummated, (i) to repurchase its outstanding 5%/6% Convertible Senior PIK Toggle Note due 2026 in privately negotiated transactions; (ii) to prepay a portion of the amount due under its credit agreement, dated June 21, 2024, by and between Eos and CCM Denali Debt Holdings, LP (the “Credit Agreement”); and (iii) for general corporate purposes. Upon a prepayment of $50 million of outstanding borrowings under the Credit Agreement, the PIK interest rate under the Credit Agreement will decrease from 15% to 7% and the financial covenants thereunder will be waived until 2027. CCM Denali Equity Holdings, LP has agreed that upon the consummation of the offering it will not transfer any securities issued to it under the Securities Purchase Agreement, dated June 21, 2024, between the Company and CCM Denali Equity Holdings, LP prior to June 21, 2026.

    In a separate press release, Eos also announced today its intention to offer, in a separate, private offering to persons reasonably believed to be qualified institutional buyers, subject to market and other conditions, $175,000,000 aggregate principal amount of convertible senior notes due 2030 (the “notes”), plus up to an additional $26,250,000 aggregate principal amount of notes that the initial purchasers of the note offering have the option to purchase from Eos. The completion of the offering of common stock is not contingent on the completion of the offering of the notes, and the completion of the offering of notes is not contingent on the completion of the offering of common stock. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any notes or shares of common stock, if any, issuable upon conversion of the notes.

    Jefferies and J.P. Morgan are acting as joint lead book-running managers for the Offering.

    The Company is conducting the Offering pursuant to an effective shelf registration statement, including a base prospectus, under the Securities Act of 1933, as amended. The Offering is being made only by means of a separate prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the Offering may be obtained by contacting Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388 or by email at prospectus_department@jefferies.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com. Before you invest in the Offering, you should read the applicable prospectus supplement relating to the Offering and accompanying prospectus, the registration statement and the other documents that the Company has filed with the Securities and Exchange Commission as incorporated by reference therein, for more complete information about the Company and the Offering. Investors may obtain these documents for free by visiting the SEC’s website at www.sec.gov.

    This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey.

    Forward-Looking Statements

    This press release includes forward-looking statements, including statements regarding the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering and the intended use of the proceeds. Forward-looking statements represent Eos’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Eos’s common stock and risks relating to Eos’s business, including those described in periodic reports that Eos files from time to time with the SEC. Eos may not consummate the proposed offering described in this press release and, if the proposed offering are consummated, cannot provide any assurances regarding the final terms of the offering or the notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and Eos does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Xtract One Announces Fiscal 2025 Third Quarter Conference Call

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 29, 2025 (GLOBE NEWSWIRE) — Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”), a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced that it will release fiscal 2025 third quarter results after the close of trading on June 5, 2025. Peter Evans, Xtract One CEO and Director, and Karen Hersh, CFO and Corporate Secretary, will host a webcast and conference call at 10:00 a.m. Eastern Time the following day, June 6, 2025, to review the three months ended April 30, 2025.

    The webcast and presentation will be accessible on the Company’s website, via this link, and the telephone number for the conference call is 844-481-3016 (412-317-1881 for international callers). Management will provide an overview of the interim financial results along with management’s outlook for the business, followed by a question-and-answer period.

    About Xtract One Technologies
    Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved “Walk-right-In” experiences while enhancing safety. Xtract One’s innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook, Twitter, and LinkedIn. 

    About Threat Detection and Security Solutions
    Xtract One solutions, when properly configured, deployed, and utilized, are designed to help enhance safety and reduce threats. Given the wide range of potential threats in today’s world, no threat detection system is 100% effective. Xtract One solutions should be utilized as one element in a multilayered approach to physical security.

    For further information, please contact:
    Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com
    Media Contact: Kristen Aikey, JMG Public Relations, 212-206-1645, kristen@jmgpr.com
    Investor Relations: Chris Witty, Darrow Associates, 646-438-9385, cwitty@darrowir.com

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Lantronix to Showcase AI-Driven LM4 Out-of-Band Management Console Servers at Cisco Live San Diego

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., May 29, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced that it will do live demos and daily giveaways of its LM4 AI-driven Out-of-Band Management (OOBM) platform at booth 3219 at Cisco Live held June 9–12, 2025, in San Diego.

    Lantronix, a Cisco Devnet Partner, has the most complete portfolio of out-of-band management console servers designed to reduce unscheduled network downtime for both traditional out-of-band access and automated management and recovery.

    Delivering “Out-of-Band Everywhere,” Lantronix’s LM4 is the industry’s first console server specifically designed, sized and priced for Intermediate Distribution Frames (IDFs) and compact environments such as ATMs, kiosks and network aggregation points. Engineered for healthcare, finance, utilities, telecommunications, government, retail and manufacturing, Lantronix’s LM4 delivers advanced automation, enterprise-grade compliance and cybersecurity capabilities, leveraging technology proven in military and financial networks.

    Serial console servers represented a nearly $400 million worldwide market, according to the Dell’Oro Group. AI data centers, co-location and GPU-as-a-Service represent the fastest-growing deployments for Lantronix, which reflects Dell’Oro’s forecast of data center capex to surpass $1 trillion by 2029.

    “At Cisco Live, we’re excited to showcase our innovative out-of-band solutions that empower our customers to utilize data-driven decision-making to make their networks more secure and reliable while automating routine tasks, enabling network admins to focus on other responsibilities,” said Todd Rychecky, general manager of Out-of-Band at Lantronix. “At Lantronix, we are devoted to producing groundbreaking solutions that help our customers be more efficient, secure and bottom-line focused.”

    Lantronix Speaking Session:

    • Session Title: “OOB Everywhere! How Advanced Console Servers Enhance Network Automation, Cybersecurity & Resilience”
    • Speaker: Eric Weiss, Product Line Director 
    • Date: Tuesday, June 10, 2025
    • Time: 2:30–2:40 p.m. PDT
    • Session Type: World of Solutions Session
    • Technology: Automation & Orchestration, Enterprise Architecture, Network Management
    • Track: Networking

    AI-Driven Out-of-Band Management Everywhere

    An advanced out-of-band management platform, the small yet powerful LM4 provides access, continuous monitoring and automated remediation of issues as well as control of network infrastructure devices. Operational whether the network is up or down, the expert system uses rules-based AI to recover and mitigate network infrastructure automatically, including reliable and secure access to remote gear during an outage. With up to four ports of serial console connections for directly managing gear plus support for up to 48 virtual ports, the LM4’s compact size and affordable price enables network managers to utilize out-of-band everywhere, including many locations previously considered too small and numerous for advanced out-of-band management.

    Running the powerful LMOS software, the LM4 brings the power of NOC-based software to the network’s edge to create a separate management plane in the rack with network infrastructure. With continuous monitoring and automated runbook responses, the LM4 can detect and solve issues before traditional NOC-based tools even know there is an issue. LMOS features a granular authorization model that integrates with existing access controls as well as automated change management functions, including the ability to store multiple config and OS files with local backups to enable automated rollback of failed config changes.

    Standardize on Lantronix LM-Series Solutions for Enterprise-Grade OOB Management

    The LM4 runs the same LMOS software as the LM83X and LM80 console servers, expanding the LM-Series console access options anywhere from 2–104 ports. The LM-Series is centrally managed by the Lantronix Control Center, which is available to run on-premises as a VM or hosted in the cloud. Lantronix’s LM-Series products allow customers to standardize their out-of-band management and deploy enterprise-grade functionality and AI-driven automation at all points in the network. The result is a more resilient network that’s easier to manage with fewer issues, reduced support truck rolls and stronger security and compliance.

    Lantronix is the go-to source for out-of-band innovations, providing a suite of reliable, secure and easy-to-deploy solutions, all supported by its exceptional service team. Easy to use, with resilient out-of-band access, onboard processing / storage and LMOS software, Lantronix’s LM-Series serial console servers are deployed in enterprises worldwide ranging from ultra-secure military and financial networks to downtime-intolerant networks in healthcare and energy.

    At Cisco Live, Lantronix will also feature:

    • LM83X, delivering AI-driven out-of-band management of 8–104 devices over serial console connections in a scalable and robust console server with dual power inputs. 
    • LM80, providing a fixed 8-port serial AI-driven out-of-band management solution that can automate a majority of routine IT maintenance and recovery tasks quickly and error-free.
    • Lantronix Control Center, a single pane of glass for managing all LM-Series devices for secure remote access as well as for automating management of each of the connected network infrastructure devices. It is a single source for Authorization-Authentication-Accounting (AAA) controls, creating monitoring and action rules without scripting, centrally archiving both monitored device operating system and configuration files and compliance reporting.
    • Additional Lantronix out-of-band management solutions, including its SLC8000 modular device console manager, EMG8500 edge management gateway, G520, IoT cellular gateways, X300 IoT Gateway solution and Percepxion™ IoT edge solutions management platform.

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

    For more information, visit the Lantronix website.

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

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as 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 the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual 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, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about 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.

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

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Amplify ETFs Declares May Income Distributions for its Income ETFs

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 29, 2025 (GLOBE NEWSWIRE) — Amplify ETFs announces May income distributions for its income ETFs.

    ETF Name Ticker Amount per Share Ex-Date Record Date Payable Date
    Amplify Bitcoin Max Income Covered Call ETF BAGY $1.46125 5/29/25 5/29/25 5/30/25
    Amplify Bitcoin 2% Monthly Option Income ETF BITY $1.16540 5/29/25 5/29/25 5/30/25
    Amplify Samsung SOFR ETF SOFR $0.36001 5/29/25 5/29/25 5/30/25
    Amplify CWP Growth & Income ETF QDVO $0.24218 5/29/25 5/29/25 5/30/25
    Amplify Bloomberg U.S. Treasury 12% Premium Income ETF TLTP $0.22480 5/29/25 5/29/25 5/30/25
    Amplify COWS Covered Call ETF HCOW $0.20505 5/29/25 5/29/25 5/30/25
    Amplify CWP International Enhanced Dividend Income ETF IDVO $0.16875 5/29/25 5/29/25 5/30/25
    Amplify CWP Enhanced Dividend Income ETF DIVO $0.16548 5/29/25 5/29/25 5/30/25
    Amplify High Income ETF YYY $0.12000 5/29/25 5/29/25 5/30/25
    Amplify Natural Resources Dividend Income ETF NDIV $0.11379 5/29/25 5/29/25 5/30/25


    About Amplify ETFs

    Amplify ETFs, sponsored by Amplify Investments, has over $10 billion in assets across its suite of ETFs (as of 4/30/2025). Amplify ETFs delivers expanded investment opportunities for investors seeking growth, income, and risk-managed strategies across a range of actively managed and index-based ETFs. To learn more, visit AmplifyETFs.com.

    Sales Contact:
    Amplify ETFs
    855-267-3837
    info@amplifyetfs.com
    Media Contacts:
    Gregory FCA for Amplify ETFs
    Kerry Davis
    610-228-2098
    amplifyetfs@gregoryfca.com
       

    This information is not intended to provide and should not be relied upon for accounting, legal or tax advice, or investment recommendations. To receive a distribution, you must be a registered shareholder of the fund on the record date. Distributions are paid to shareholders on the payment date. There is no guarantee that distributions will be made in the future. Your own trading will also generate tax consequences and transaction expenses. Past distributions are not indicative of future distributions. Please consult your tax professional or financial adviser for more information regarding your tax situation.

    Carefully consider the Funds’ investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in Amplify Funds’ statutory and summary prospectuses, which may be obtained at AmplifyETFs.com. Read the prospectuses carefully before investing.

    Investing involves risk, including the possible loss of principal.

    Amplify ETFs are distributed by Foreside Services, LLC.

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Baker Hughes to Supply NovaLT™ Gas Turbines for Frontier Infrastructure’s U.S. Data Center Project, Delivering 270 MW of Reliable Power

    Source: GlobeNewswire (MIL-OSI)

    • Baker Hughes will supply 16 NovaLT™ gas turbines for data center projects in the U.S.
    • Award builds on the collaboration announced in March 2025 between Baker Hughes and Frontier

    HOUSTON and LONDON, May 29, 2025 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday an award from Frontier Infrastructure Holdings (“Frontier”), a Tailwater Capital LLC portfolio company, for 16 NovaLT™ gas turbines to power its data center projects in Wyoming and Texas, delivering up to 270 megawatts (MW) of efficient, reliable power.

    As part of the award, Baker Hughes is supplying Frontier its NovaLT™ gas turbine technology and associated equipment, including gears and Brush Power Generation four-pole generators, to power dedicated energy islands at Frontier’s behind-the-meter (BTM) power generation sites.

    The order builds on a March 2025 agreement between the two companies to accelerate large-scale carbon capture and storage (“CCS”) and power solutions in the U.S., including the Sweetwater Carbon Storage Hub in Wyoming.

    “This award underscores our commitment to advancing sustainable energy development through reliable and efficient power solutions that cater to the diverse needs of the industry,” said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. “Leveraging our comprehensive range of integrated power solutions for Frontier’s U.S. data center projects demonstrates innovative, scalable and lower-carbon technologies helping to meet the growing demand for power.”

    The NovaLT™ gas turbine is a multi-fuel solution that can start-up and run on different fuels, including natural gas, various blends of natural gas and hydrogen, and 100% hydrogen, providing customers with the flexibility to adapt and meet their specific reliable and sustainable power requirements. With a comprehensive portfolio of diverse, reliable and clean power solutions, including hydrogen-ready turbines, geothermal, and cogeneration, Baker Hughes provides market-ready, efficient and flexible solutions for data center hyperscalers, project developers, packagers and end users.

    About Baker Hughes
    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    For more information, please contact:

    Media Relations
    Chiara Toniato
    +39 3463823419
    chiara.toniato@bakerhughes.com 

    Investor Relations
    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    The MIL Network –

    May 30, 2025
  • MIL-OSI: FactSet Schedules Third Quarter 2025 Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    NORWALK, Conn., May 29, 2025 (GLOBE NEWSWIRE) — FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today announced it will release its financial and operating results for the third quarter fiscal 2025, ending May 31, 2025, on Monday, June 23, 2025. FactSet will also host a conference call to discuss these results at 9:00 a.m. Eastern Time on Monday, June 23, 2025.

    The following information is provided for investors who would like to participate in the conference call:

    Third Quarter Fiscal 2025 Conference Call Details

    Please register for the conference call using the above link in advance of the call start time. The conference call platform will register your name and organization and provide dial-in numbers and a unique access pin. The call will include a live Q&A session.

    The earnings presentation slides will be available on FactSet’s investor relations website at 8:30 a.m. Eastern Time on June 23, 2025, 30 minutes before the earnings call begins.

    A replay will be available on the Company’s investor relations website after 1:00 p.m. Eastern Time on June 23, 2025, through June 23, 2026. The earnings call transcript will be available via FactSet CallStreet.

    About FactSet

    FactSet (NYSE:FDS | NASDAQ:FDS) supercharges financial intelligence, offering enterprise data and information solutions that power our clients to maximize their potential. Our cutting-edge digital platform seamlessly integrates proprietary financial data, client datasets, third-party sources, and flexible technology to deliver tailored solutions across the buy-side, sell-side, wealth management, private equity, and corporate sectors. With over 47 years of expertise, a presence in 20 countries, and extensive multi-asset class coverage, we leverage advanced data connectivity alongside AI and next-generation tools to streamline workflows, drive productivity, and enable smarter, faster decision-making. Serving more than 8,600 global clients and nearly 220,000 individual users, FactSet is a member of the S&P 500 dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn.

    FactSet
    Investor Relations:
    Kevin Toomey
    +1.212.209.5259
    Kevin.toomey@factset.com

    Media Relations:
    Kelly Prinner
    +1.203.808.8630
    Kelly.prinner@factset.com

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Bitcoin Solaris Announces Official Presale Launch: A New Era in DeFi Begins

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 29, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S) has officially launched its highly anticipated presale, marking the beginning of a new chapter in decentralized finance. With groundbreaking technology, mobile mining accessibility, and a robust DeFi engine, Bitcoin Solaris is setting the stage for what could be one of the most transformative opportunities of 2025.

    Presale Now Live: A Limited-Time Opportunity

    The BTC-S presale is now open for 90 days, offering early participants a chance to secure tokens before the official launch on July 31, 2025. With the current price set at $5, the next tier moving to $6, and a confirmed launch price of $20, this phase presents a limited-time opportunity for early adopters to get in ahead of a major public debut. Early buyers also benefit from an 11% bonus during this period.

    Over 11,000 users have already joined the movement, contributing more than $1.2 million—demonstrating the strong and growing momentum behind the project.

    Enter Bitcoin Solaris: The Next Big Wealth Generator

    Bitcoin Solaris (BTC-S) isn’t just a coin. It’s a complete ecosystem built to fix the flaws of older blockchains. It combines Bitcoin’s legendary security with Solana-grade performance, delivering:

    • 10,000 transactions per second
    • 2-second finality
    • 99.95% less energy use than Bitcoin

    What truly makes BTC-S a DeFi revolution leader is its Helios Engine—a powerful infrastructure enabling decentralized exchanges, cross-chain swaps, lending protocols, and yield farming. Helios integrates with both the Bitcoin and Solana ecosystems, allowing users to tap into liquidity across multiple chains without needing to convert assets.

    The smart contracts powering Helios and the broader BTC-S platform have been fully audited for security, and the core team has passed KYC verification, adding another layer of trust to the project.

    Presale Phase: The $500 That Could Change Lives

    Here’s what makes now the golden window:

    • Current Price: $5
    • Next Phase: $6
    • Launch Price: $20
    • Bonus: 11%

    The presale is live for only 90 days, with the official launch locked in for July 31, 2025. Over 8,900 unique users have already joined, and more than $1.2 million has been raised. It’s one of the shortest and most explosive presales on the market—and this limited window is exactly where early fortunes are made.

    Missed Ethereum Early? Don’t Miss BTC-S

    Tech That Works for Everyone

    Mining BTC-S isn’t just for techies or whales. The Solaris Nova App lets users mine directly from their smartphones, laptops, or traditional rigs. With features like:

    • One-click mining
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    Even a beginner can earn BTC-S within minutes. Some community members have already been invited into the beta version of the app, and while it’s not live for everyone yet, there may still be room for new testers.

    Growing Buzz and Influencer Spotlight

    Bitcoin Solaris isn’t flying under the radar anymore. Influencers and analysts are taking notice. In fact, Crypto Volt released a detailed video review diving into the reasons why Bitcoin Solaris may be one of the most exciting DeFi launches this cycle.

    Want to stay ahead of the hype? Join the official Bitcoin Solaris Telegram to get updates, community access, and presale announcements.

    Double Rewards Referral Program

    There’s also a unique referral program running during the presale. Here’s how it works:

    • Earn 5% BTC-S commission when someone buys through your referral link
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    Stay Connected and Informed

    Bitcoin Solaris is gaining attention from analysts and influencers alike. Join the official channels for updates, presale news, and community insights:

    Media Contact

    Xander Levine
    info@bitcoinsolaris.com
    press@bitcoinsolaris.com
    Press Kit: [Available Upon Request]

    Disclaimer: This is a paid post and 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.

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    The MIL Network –

    May 30, 2025
  • MIL-OSI: Canadian Life Companies Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 29, 2025 (GLOBE NEWSWIRE) — Canadian Life Companies Split Corp. (the “Company”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted its notice of intention to make a Normal Course Issuer Bid (the “NCIB”) to purchase its Preferred Shares and Class A Shares through the facilities of the TSX and/or alternative Canadian trading systems. The NCIB will commence on June 2, 2025 and terminate on June 1, 2026.

    Pursuant to the NCIB, the Company proposes to purchase, from time to time, if it is considered advisable, up to 1,090,320 Preferred Shares and 1,012,451 Class A Shares of the Company, representing 10% of the public float of 10,903,202 Preferred Shares and 10,124,519 Class A Shares. As of May 21, 2025, there were 10,985,202 Preferred Shares and 10,662,478 Class A Shares issued and outstanding. The Company will not purchase, in any given 30-day period, in the aggregate, more than 219,704 Preferred Shares or more than 213,249 Class A Shares, being 2% of the issued and outstanding Preferred Shares and Class A Shares as of May 21, 2025. Under the previous normal course issuer bid that commenced on May 29, 2024 and terminated on May 28, 2025, no Preferred Shares or Class A Shares were purchased.

    The Board of Directors of the Company, on the advice of Quadravest Capital Management Inc., the Company’s investment manager, believes that such purchases are in the best interests of the Company and are a desirable use of its funds. All purchases will be made through the facilities and in accordance with the rules and policies of the TSX. All Preferred Shares or Class A Shares purchased by the Company pursuant to the NCIB will be cancelled.

    The Company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great‐West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

    Investor Relations: 1-877-478-2372 Local: 416-304-4443 www.lifesplit.com info@quadravest.com

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Canadian Banc Corp. Announces TSX Acceptance of Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 29, 2025 (GLOBE NEWSWIRE) — Canadian Banc Corp. (the “Company”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted its notice of intention to make a Normal Course Issuer Bid (the “NCIB”) to purchase its Preferred Shares and Class A Shares through the facilities of the TSX and/or alternative Canadian trading systems. The NCIB will commence on June 2, 2025 and terminate on June 1, 2026.

    Pursuant to the NCIB, the Company proposes to purchase, from time to time, if it is considered advisable, up to 3,742,582 Preferred Shares and 3,778,760 Class A Shares of the Company, representing 10% of the public float of 37,425,824 Preferred Shares and 37,787,604 Class A Shares. As of May 21, 2025, there were 37,448,395 Preferred Shares and 37,821,364 Class A Shares issued and outstanding. The Company will not purchase, in any given 30-day period, in the aggregate, more than 748,967 Preferred Shares or more than 756,427 Class A Shares, being 2% of the issued and outstanding Preferred Shares and Class A Shares as of May 21, 2025. Under the previous normal course issuer bid that commenced on May 29, 2024 and terminated on May 28, 2025, no purchases of Preferred Shares or Class A Shares were made.

    The Board of Directors of the Company, on the advice of Quadravest Capital Management Inc., the Company’s investment manager, believes that such purchases are in the best interests of the Company and are a desirable use of its funds. All purchases will be made through the facilities and in accordance with the rules and policies of the TSX. All Preferred Shares or Class A Shares purchased by the Company pursuant to the NCIB will be cancelled.

    The Company invests in a portfolio of six publicly traded Canadian Banks as follows:

    Bank of Montreal Canadian Imperial Bank of Commerce Royal Bank of Canada
    The Bank of Nova Scotia National Bank of Canada The Toronto-Dominion Bank


    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

    Investor Relations:  1-877-478-2372
    Local:  416-304-4443
    www.canadianbanc.com
    info@quadravest.com

    The MIL Network –

    May 30, 2025
  • MIL-OSI: North American Financial 15 Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 29, 2025 (GLOBE NEWSWIRE) — North American Financial 15 Split Corp. (the “Company”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted its notice of intention to make a Normal Course Issuer Bid (the “NCIB”) to purchase its Preferred Shares and Class A Shares through the facilities of the TSX and/or alternative Canadian trading systems. The NCIB will commence on June 2, 2025 and terminate on June 1, 2026.

    Pursuant to the NCIB, the Company proposes to purchase, from time to time, if it is considered advisable, up to 5,738,811 Preferred Shares and 5,865,279 Class A Shares of the Company, representing 10% of the public float of 57,388,118 Preferred Shares and 58,652,794 Class A Shares. As of May 21, 2025, there were 57,388,618 Preferred Shares and 58,724,984 Class A Shares issued and outstanding. The Company will not purchase, in any given 30-day period, in the aggregate, more than 1,147,772 Preferred Shares or more than 1,174,499 Class A Shares, being 2% of the issued and outstanding Preferred Shares and Class A Shares as of May 21, 2025. Under the previous normal course issuer bid that commenced on May 29, 2025 and terminated on May 28, 2025 no Preferred Shares or Class A Shares were purchased.

    The Board of Directors of the Company, on the advice of Quadravest Capital Management Inc., the Company’s investment manager, believes that such purchases are in the best interests of the Company and are a desirable use of its funds. All purchases will be made through the facilities and in accordance with the rules and policies of the TSX. All Preferred Shares or Class A Shares purchased by the Company pursuant to the NCIB will be cancelled.

    The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

    Investor Relations: 1-877-478-2372 Local: 416-304-4443 www.financial15.com info@quadravest.com

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Dividend 15 Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 29, 2025 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. (the “Company”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted its notice of intention to make a Normal Course Issuer Bid (the “NCIB”) to purchase its Preferred Shares and Class A Shares through the facilities of the TSX and/or alternative Canadian trading systems. The NCIB will commence on June 2, 2025 and terminate on June 1, 2026.

    Pursuant to the NCIB, the Company proposes to purchase, from time to time, if it is considered advisable, up to 12,687,975 Preferred Shares and 13,219,443 Class A Shares of the Company, representing 10% of the public float of 126,879,752 Preferred Shares and 132,194,435 Class A Shares. As of May 21, 2025, there were 127,069,383 Preferred Shares and 132,275,624 Class A Shares issued and outstanding. The Company will not purchase, in any given 30-day period, in the aggregate, more than 2,541,387 Preferred Shares or more than 2,645,512 Class A Shares, being 2% of the issued and outstanding Preferred Shares and Class A Shares as of May 21, 2025. Under the previous normal course issuer bid that commenced on May 29, 2024 and terminated on May 28, 2025, no Preferred Shares or Class A Shares were purchased.

    The Board of Directors of the Company, on the advice of Quadravest Capital Management Inc., the Company’s investment manager, believes that such purchases are in the best interests of the Company and are a desirable use of its funds. All purchases will be made through the facilities and in accordance with the rules and policies of the TSX. All Preferred Shares or Class A Shares purchased by the Company pursuant to the NCIB will be cancelled.

    The Company invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

    Investor Relations: 1-877-478-2372 Local: 416-304-4443 www.dividend15.com info@quadravest.com

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Alarum Technologies Announces First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Q1 2025 highlighted the growing traction of the company’s data collection solutions with leading AI and eCommerce players worldwide

    Company strategically accelerated investments in scalable infrastructure and next-gen technologies to meet the rising demand for AI-ready data and to future-proof its position among top-tier global companies

    First quarter 2025 revenue reached $7.1 million, in line with guidance, net profit was at $0.4 million and adjusted EBITDA exceeded guidance, reaching $1.3 million Cash and debt investments balance at quarter-end amounted to $24 million

    TEL AVIV, Israel, May 29, 2025 (GLOBE NEWSWIRE) — Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider of web data collection solutions, today announced financial results for the three-month period ended March 31, 2025.

    “2025 began with strong momentum, as demand for scalable, high-quality data continues to accelerate, driven by the rapid growth of AI technologies and eCommerce platforms,” said Shachar Daniel, Chief Executive Officer of Alarum.

    “During the quarter, several of the world’s leading AI and eCommerce companies significantly expanded their usage of our platform, relying on our advanced proxy infrastructure, innovative data collector, and Website Unblocker, to power data collection, model training, and real-time access to public web data.”

    “In line with our long-term vision, we made a deliberate decision to increase investments in our infrastructure and products, aiming to meet the growing global demand for large-scale data solutions. While this impacted our gross margin, it reinforces our position as a foundational player in the AI data ecosystem,” Mr. Daniel added.

    “With discipline and vision, we are building the backbone of data access for the AI era. Our technology and collaborations with customers uniquely position us to deliver long-term value for our stakeholders as the market continues to evolve,” Mr. Daniel concluded.

    Market Trends, Recent Developments and Business Highlights

    • Expanded strategic partnerships with major AI and eCommerce players during the first quarter: Notable new collaborations include a top Asian marketplace, a global electronics brand, and a European AI firm, for large-scale data labeling and model fine-tuning with fresh public data.
    • Redefining industry trends and market dynamics: A new market is emerging around high-quality, scalable data infrastructure. As AI models require constant training and fine-tuning, Alarum is positioned to play a key role in shaping this space and powering the global AI transformation.
    • Advancing and investing in long-term strategy, supported by strong financials: Alarum continues to pursue its strategic decision to reinvest earnings into innovative products, scaling operations, expanding infrastructure, and strengthening its IP network. This positions the Company to meet rising demand from AI-driven customers and capture long-term value, while maintaining operational efficiency during this pivotal growth phase.
    • Powering data collection with Alarum’s enhanced offerings portfolio: Tech giants and startups rely on Alarum’s data collector, Website Unblocker, and proxy network to overcome data access barriers.
    • Entering 2025 with a strong momentum: NetNut Net Retention Rate (“NRR”)1 reached 1.13 as of March 31, 2025, in yet another consecutive quarter of achieving an NRR well above 1. With its data collection offering, the Company is well-positioned amid a shifting landscape, and early results from its strategic investments and pipeline visibility support the positive outlook for the second quarter of 2025.

    ______________________

    1 See definition under “Other Metrics”.

    Summary of Financial Results2
    (in millions of U.S. dollars, rounded, except per share amounts and margins)
        For the
    Three Months Ended
    March 31,
      For the
    Year Ended
    December 31,
        2025   2024   2024
        (Unaudited)   (Unaudited)   (Audited)
                 
    Total Revenue   7.1   8.4   31.8
    of which, Web Data Collection Revenue was   7.0   8.1   30.9
    Gross profit   4.8   6.6   23.9
    Gross margin (in percentage)   67.5%   78.5%   75.1%
    Non-IFRS gross margin (in percentage)   69.4%   80.4%   77.0%
    Total operating expenses   4.5   4.0   17.2
    Financial income (expense), net   0.2   (0.9)   0.3
    Tax expense   0.1   0.3   1.2
    Net profit   0.4   1.4   5.8
    Adjusted EBITDA   1.3   3.2   9.4
    Basic earnings per American Depository Share (“ADS”)
    (in U.S. dollars)
      $0.06   $0.23   $0.87
    Non-IFRS basic earnings per ADS (in U.S. dollars)   $0.16   $0.45   $1.26
    Cash, cash equivalents and debt investments
    (including accrued interest)3
      24.0   15.1   25.0
    Shareholders’ equity2   27.6   17.1   26.4
                 

    First Quarter 2025 Financial Analysis

    • Revenue in Q1 2025 totalled $7.1 million (Q1 2024: $8.4 million). The 15% year-over-year change reflects market dynamics that affected the demand from certain customers since mid-2024.  
    • Cost of revenue in Q1 2025 was $2.3 million (Q1 2024: $1.8 million). The increase is mainly due to the investment in the Company’s IP network, specifically in infrastructure and servers, aligning with its strategic decision to boost its expansion capabilities.
    • As a result, Gross profit in Q1 2025 amounted to $4.8 million (Q1 2024: $6.6 million).
    • Operating expenses in Q1 2025 totalled $4.5 million (Q1 2024: $4.0 million). The difference was driven mainly by the increase in research and development salaries and share based payments costs.
    • Financial income, net, in Q1 2025 was $0.2 million (Q1 2024: financial expense, net, of $0.9 million). This shift was mainly due to the fair value decrease of derivative financial instruments (warrants issued in 2019-2020), resulting from the share price changes during the measured periods.  
    • Net profit in Q1 2025 reached $0.4 (Q1 2024: $1.4 million).
    • As of March 31, 2025, shareholders’ equity increased to $27.6 million, up from $26.4 million as of December 31, 2024. The increase was driven by the quarterly net profit.
    • Outstanding ordinary share count as of March 31, 2025, was approximately 69.3 million shares, or 6.9 million in ADSs.

    ______________________

    1 See definition under “Other Metrics”.
    2 The table below contains certain non-IFRS financial measures. See “Use of Non-IFRS Financial Results” for additional information regarding these measures and reconciliations to the most comparable IFRS measures.
    3 As of the last day of the period.

    Financial Outlook

    “First quarter revenues were in line with guidance, whilst Adjusted EBITDA exceeded expectations, surpassing our outlook,” said Mr. Shai Avnit, Chief Financial Officer of Alarum.

    “Alarum has entered the second quarter of 2025 with solid momentum and demand. Accordingly, second quarter 2025 revenues are estimated at $7.9 million ±3%, and Adjusted EBITDA for the second quarter 2025 is expected to range from $0.5 million to $0.8 million. We remain attentive to market dynamics as the AI market reshapes and are actively optimizing our network infrastructure and product delivery, with a clear roadmap to drive efficiency, maintain high margins, and deliver long-term value to our stakeholders,” Mr. Avnit concluded.

    We are unable to present a reconciliation of our estimated Adjusted EBITDA to net profit as we are unable to predict with reasonable certainty, and without unreasonable effort, the impact and timing of certain expenses on our net profit. The financial impact of these expenses is uncertain and is dependent on various factors, including timing, and could be material to our consolidated statements of profit or loss and other comprehensive income (loss).

    First Quarter 2025 Financial Results Conference Call

    Mr. Shachar Daniel, Chief Executive Officer of Alarum, and Mr. Shai Avnit, Chief Financial Officer of Alarum, will host a conference call today, May 29, 2025, at 8:30 a.m. ET, 5:30 a.m. Pacific time, 3:30 p.m. Israel, to discuss the first quarter of 2025 results and the second quarter 2025 outlook, followed by a Q&A session.

    To attend, log in here or dial one of the following numbers, at least five minutes before the call starts: 1-877-407-0789 or 1-201-689-8562. If you are unable to connect using the toll-free number, please try the international dial-in number. An Israeli toll-free number is: 1 809 406 247. Participants will be required to state their name and company upon dialling in. 

    Replay: The conference call will be broadcast live and available for replay here, after 11:30 a.m. ET on May 29, 2025.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the “safe harbor” words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Alarum is using forward-looking statements in this press release when it discusses that the demand for scalable, high-quality data continues to accelerate, driven by the rapid growth of AI technologies and eCommerce platforms; the Company’s focus and strategic; that its technology and collaborations with customers uniquely position it to deliver long-term value for its stakeholders as the market continues to evolve; emergence of a new market around high-quality, scalable data infrastructure; that early results from its strategic investments; pipeline visibility support the positive outlook for the second quarter of 2025; and its estimates regarding second quarter 2025 revenues and Adjusted EBITDA. Because such statements deal with future events and are based on Alarum’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Alarum could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Alarum’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 20, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, Alarum undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Alarum is not responsible for the contents of third-party websites.

     Condensed Consolidated Statements of Financial Position
     (in thousands of U.S. dollars)

        March 31,   December 31,
        2025   2024     2024
        (Unaudited)   (Audited)
    Assets            
    Current assets:            
    Cash and cash equivalents   13,952     15,060     15,081  
    Trade receivables, net   3,789     2,945     3,231  
    Other receivables   698     1,449     503  
        18,439     19,454     18,815  
                 
    Non-current assets:            
    Long-term deposits   119     104     121  
    Other non-current assets   85     119     85  
    Property and equipment, net   134     110     130  
    Right-of-use assets   429     709     498  
    Deferred tax assets   497     244     422  
    Debt investments at fair value through other comprehensive income   9,331     –     9,256  
    Debt investments at fair value through profit or loss   564     –     555  
    Intangible assets, net   677     1,225     811  
    Goodwill   4,118     4,118     4,118  
    Total non-current assets   15,954     6,629     15,996  
    Total assets   34,393     26,083     34,811  
                 
    Liabilities and equity            
    Current liabilities:            
    Trade payables   373     416     251  
    Other payables   2,815     3,056     4,484  
    Current maturities of long-term loan   965     353     938  
    Contract liabilities   2,072     2,728     1,987  
    Derivative financial instruments   1     952     148  
    Short-term lease liabilities   362     365     359  
    Total current liabilities   6,588     7,870     8,167  
                 
    Non-current liabilities:            
    Long-term lease liabilities   186     462     261  
    Long-term loans, net of current maturities   –     691     32  
    Total non-current liabilities   186     1,153     293  
    Total liabilities   6,774     9,023     8,460  
                 
    Equity:            
    Ordinary shares   –     –     –  
    Share premium   112,059     104,097     111,892  
    Other equity reserves   11,705     13,856     11,012  
    Accumulated deficit   (96,145 )   (100,893 )   (96,553 )
    Total equity   27,619     17,060     26,351  
    Total liabilities and equity   34,393     26,083     34,811  
    Condensed Consolidated Statements of Profit or Loss and Other Comprehensive Income (Loss)
    (in thousands of U.S. dollars, except per share amounts)

      For the
    Three Months Ended
    March 31,
      For the
    Year Ended
    December 31,
      2025   2024   2024
      (Unaudited)   (Unaudited)   (Audited)
               
    Revenue 7,133   8,376   31,824
    Cost of revenue 2,318   1,803   7,915
    Gross profit 4,815   6,573   23,909
           
    Operating expenses:      
    Research and development 1,370   1,022   4,495
    Sales and marketing 1,827   1,725   7,033
    General and administrative 1,285   1,240   5,661
    Total operating expenses 4,482   3,987   17,189
           
    Operating profit 333   2,586   6,720
           
    Financial income (expense), net 212   (848)   281
    Profit from operations before income tax 545   1,738   7,001
    Tax expense (137)   (298)   (1,221)
    Net profit for the period 408   1,440   5,780
    Other comprehensive income (loss) for the period
    Change in fair value of debt investments
    72   –   (80)
    Total comprehensive income for the period 480   1,440   5,700
           
    Basic profit per share $0.01   $0.02   $0.09
    Diluted profit per share $0.01   $0.02   $0.08
    Basic profit per ADS $0.06   $0.23   $0.87
               

    Use of Non-IFRS Financial Results

    In addition to disclosing financial results calculated in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board, this press release contains non-IFRS financial measures of EBITDA (EBITDA loss), Adjusted EBITDA (Adjusted EBITDA loss), non-IFRS net profit (loss), non-IFRS gross profit, non-IFRS gross margin and non-IFRS basic earnings (loss) per share or ADS for the periods presented. The Company defines EBITDA (EBITDA loss) as net profit (loss) before depreciation, amortization and impairment of intangible assets (if any), financial income (expense) and income tax; defines Adjusted EBITDA (Adjusted EBITDA loss) as EBITDA (EBITDA loss) as further adjusted to remove the impact of (i) impairment of goodwill (if any); and (ii) share-based compensation; defines non-IFRS net profit (loss) as net profit (loss) before depreciation, amortization and impairment of intangible assets (if any), impairment of goodwill (if any), financial income (expense) effects primarily related to derivative financial instruments as well as long-term loans, deferred tax effects and share-based compensation; defines non-IFRS gross profit as gross profit adjusted to remove the impact of depreciation, amortization and impairment of intangible assets and share-based compensation recorded under cost of revenues; defines non-IFRS gross margin as the percentage of the non-IFRS gross profit out of revenues; and defines non-IFRS basic earnings (loss) per share or ADS as non-IFRS net profit (loss) divided by the weighted average number of ordinary shares or ADSs. The Company’s management believes the non-IFRS financial information provided in this press release is useful to investors’ understanding and assessment of the Company’s ongoing operations. Management also uses both IFRS and non-IFRS information in evaluating and operating its business internally, and as such deemed it important to provide this information to investors. The non-IFRS financial measures disclosed by the Company should not be considered in isolation, or as a substitute for, or superior to, financial measures calculated in accordance with IFRS, and the financial results calculated in accordance with IFRS and reconciliations to those financial statements should be carefully evaluated. Investors are encouraged to review the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures provided in the financial statement tables herein.

    Other Metrics

    Net retention rate (NRR) is a key indicator of customer base health and revenue expansion. It is based on NRR point in time, which measures the revenue growth of current customers over the past four quarters, compared to the revenue generated from these customers during the same period a year earlier.
    NRR is calculated as an average of the NRR points in time for the end of the current period and the three preceding quarters.
    NRR > 1 (or 100%): Indicates revenue growth driven by existing customers, where upsells and cross-sells outweigh churn.
    NRR < 1 (or 100%): Shows revenue loss due to churn exceeding gains from upsells or cross-sells.

    Non-IFRS Financial Measures
    (in millions of U.S. dollars, rounded)

    The following tables present the reconciled effect of the above on the Company’s Adjusted EBITDA; non-IFRS net profit; and non-IFRS gross profit for the three months ended March 31, 2025 and 2024, and the year ended December 31, 2024:

        For the
    Three Months Ended
    March 31,
      For the
    Year Ended
    December 31,
        2025
      2024   2024
    Net profit   0.4   1.4   5.8
    Adjustments:            
    Depreciation and amortization   0.2   0.2   0.6
    Financial expense (income), net   (0.2)   0.9   (0.4)
    Tax expense   0.1   0.3   1.4
    EBITDA   0.5   2.8   7.4
    Adjustments:            
    Share-based compensation   0.8   0.4   2.0
    Adjusted EBITDA for the period   1.3   3.2   9.4
        For the
    Three Months Ended
    March 31,
      For the
    Year Ended
    December 31,
        2025   2024   2024
    Net profit   0.4   1.4   5.8
    Adjustments:            
    Depreciation and amortization   0.2   0.2   0.6
    Financial expense (income), net effects   (0.2)   0.9   0.1
    Deferred tax effects   (0.1)   (0.1)   (0.1)
    Share-based compensation   0.8   0.4   2.0
    Non-IFRS net profit for the period   1.1   2.8   8.4
        For the
    Three Months Ended
    March 31,
      For the
    Year Ended
    December 31,

        2025   2024   2024
    Gross profit   4.8   6.6   23.9
    Adjustments:            
    Depreciation and amortization   0.1   0.1   0.6
    Share-based compensation   *   *   *
    Non-IFRS gross profit for the period   4.9   6.7   24.5

    * Less than $0.1 million

    About Alarum Technologies Ltd.

    Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) is a global provider of web data collection solutions, empowering organizations to gain a competitive edge by streamlining the collection, extraction, and analysis of large-scale structured data from public online sources. Our data collection solutions by NetNut, are based on our world’s fastest and most advanced and secured hybrid proxy network, which comprises both exit points based on our proprietary reflection technology and hundreds of servers located at our ISP partners around the world. Pushing the boundaries of innovation in data collection, we are building a robust platform, complemented by the Website Unblocker, Data Collector, Data Sets and AI data collector. As the impact of the AI revolution unfolds, Alarum, with its robust market-leading data collection offerings is preparing itself to play a meaningful role as the world reshapes in a new form.

    For more information about Alarum and its web data collection solutions, please visit www.alarum.io.

    Follow us on LinkedIn

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    Investor Relations Contact:

    investors@alarum.io

    The MIL Network –

    May 30, 2025
  • MIL-OSI: Polar Cooling Review: Does the Polar Cooling Portable AC Really Work? Best Portable AC 2025

    Source: GlobeNewswire (MIL-OSI)

    New York City, May 29, 2025 (GLOBE NEWSWIRE) — As temperatures rise globally, the demand for personal cooling devices is at an all-time high. Enter the Polar Cooling Portable AC, a sleek, compact solution designed to provide on-the-go relief from the heat. In this review, we’ll delve into the features, performance, pricing, and user feedback to answer the burning question: Does the Polar Cooling Portable AC really work? Is it the best portable air conditioner of 2025?

    This article will cover everything you need to know about this innovative cooling device, helping you decide if it’s the right option for your needs.

    Beat the Heat in Minutes – Get Your Polar Cooling Portable AC Today!

    What is the Polar Cooling Portable AC?

    The Polar Cooling Portable AC is an advanced, energy-efficient air cooling system designed for personal use. Unlike traditional bulky air conditioning units, the Polar Cooling AC is compact, portable, and doesn’t require installation or special tools to operate. Whether you’re working in a hot office or relaxing at home, this unit promises to cool your personal space effectively without consuming large amounts of energy.

    Key Features:

    • Insta-Frost Technology: Designed to rapidly cool the air in your immediate surroundings.
    • Portability: Compact enough to be carried around easily, making it ideal for travel or personal spaces.
    • Multi-Function: Not only does it cool the air, but it also functions as a humidifier and air purifier.

    It’s an ideal solution for anyone looking for a quick, efficient, and affordable way to stay cool during hot weather without the complexity of larger air conditioning systems.

    How Does the Polar Cooling Portable AC Work?

    The Polar Cooling Portable AC uses a cooling mechanism called evaporative cooling. This process involves drawing air through a water-soaked filter that absorbs heat from the air. As the water evaporates, the air is cooled and then blown into your personal space.

    Key features of its operation:

    • USB-Powered: The device is powered via USB, meaning you can charge it from any USB outlet, making it perfect for on-the-go use.
    • Rechargeable Battery: With its built-in rechargeable battery, it operates without needing to be plugged into a power outlet continuously, offering portability and convenience.

    Stay Cool All Summer Long with Polar Cooling – Limited Stock Available!

    Setting up the device is simple:

    1. Fill the water tank.
    2. Plug it into a USB outlet or charge it fully for portable use.
    3. Turn on and adjust the settings according to your cooling preferences.

    Design and Build Quality

    One of the standout features of the Polar Cooling Portable AC is its design. It’s not only sleek but also built for durability and portability. The unit is compact and can fit in virtually any room, desk, or office setup. Its lightweight structure means you can easily move it from room to room or even take it with you on trips.

    Made from premium, eco-friendly materials, it is built to last while being kind to the environment. Its minimalistic design ensures it blends well with any modern decor, from offices to living rooms.

    Performance Analysis

    When it comes to cooling performance, the Polar Cooling Portable AC delivers on its promise. Here’s how it holds up in real-world conditions:

    • Cooling Power: It cools personal spaces effectively, offering a noticeable temperature drop in areas up to 100-200 square feet.
    • Noise Levels: Operating at a whisper-quiet level, it provides a comfortable, undisturbed environment for work or relaxation.
    • Battery Life: On a full charge, the unit can operate continuously for up to 8 hours, ensuring long-lasting performance throughout the day or night.

    Maintenance Requirements are minimal. All you need to do is keep the water tank clean and replace the cooling filters as needed, making it easy to maintain and use over time.

    Don’t Miss Out on Cool Comfort – Order Your Polar Cooling Portable AC Now!

    Energy Efficiency

    One of the biggest draws of the Polar Cooling Portable AC is its energy efficiency. Unlike traditional air conditioners that consume large amounts of electricity, this unit operates on a USB-powered system, significantly lowering energy consumption.

    • Power Consumption: With its USB charging feature, the Polar Cooling AC draws significantly less power compared to standard units, making it an ideal choice for those looking to reduce their energy bills.
    • Comparison with Traditional ACs: In comparison to traditional air conditioners, the Polar Cooling unit uses about 80% less energy, making it an environmentally friendly and cost-effective solution for personal cooling needs.

    How to Maximize the Efficiency of Polar Cooling AC in Hot Weather

    When using the Polar Cooling Portable AC in hot weather, getting the most out of the unit requires more than just turning it on. Maximizing its efficiency ensures that you stay cool while saving on energy costs and extending the lifespan of your device. Here are several tips to help you get the best performance from your Polar Cooling AC during the summer heat:
    1. Place the Unit in the Right Spot
    For optimal cooling, position the Polar Cooling Portable AC in an area where airflow is unimpeded. Avoid placing it near walls, large furniture, or in corners, as this can restrict airflow and reduce its cooling effectiveness. It’s best to place the unit in the center of the room or near a window for better air circulation. Additionally, make sure the cooling vents are facing directly towards you to maximize cooling efficiency.
    2. Keep the Water Tank Full
    The Polar Cooling Portable AC uses evaporative cooling technology, which relies on the water tank to function effectively. Ensure that the tank is always filled with fresh water for the best cooling results. If the water levels are low, the device will struggle to maintain a consistent cooling effect. Refill the tank as needed, especially during prolonged use in hot weather, to ensure the unit runs at full capacity.
    3. Regular Maintenance and Cleaning
    To maintain peak performance, it’s important to clean and maintain the Polar Cooling AC regularly. The cooling filter should be checked for dirt and debris, which can reduce the airflow and cooling power. Clean the filter every couple of weeks, or more often if you’re using it in dusty environments. Also, empty and rinse the water tank periodically to prevent mold or bacteria build-up, which can affect both the unit’s performance and air quality.
    4. Use the AC in Small Spaces
    The Polar Cooling Portable AC is most efficient when used in smaller spaces. While it can provide cooling in larger rooms, its cooling power is optimized for areas like bedrooms, offices, or small living rooms. In hot weather, avoid using it in large, open areas where the cooling effect may dissipate too quickly. Using it in a confined space, such as a small room or office, will help create a more comfortable and consistent cooling environment.
    5. Utilize the Fan and Humidifier Features
    Along with cooling, the Polar Cooling AC also serves as a humidifier and fan. Use the fan function to circulate cool air more effectively across the room, especially in rooms with poor airflow. Additionally, when the air feels dry due to high heat, the humidifier feature can add moisture back into the air, making the cooling effect more comfortable. Proper use of all functions will help maximize the unit’s efficiency.
    6. Close Doors and Windows
    During the hottest part of the day, it’s important to keep doors and windows closed to trap cool air inside. This prevents hot air from entering the room and ensures that your Polar Cooling AC can maintain a lower, more consistent temperature.
    By following these simple tips, you’ll get the most out of your Polar Cooling Portable AC, staying comfortable even during the hottest days of summer while maximizing energy efficiency.
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    How to Use Polar Cooling for Sleep Comfort

    Getting a good night’s sleep is essential, and Polar Cooling Portable AC can be a game-changer in creating the ideal sleep environment, especially during warm summer nights. Here’s how to use it effectively for better sleep comfort.
    First, position the Polar Cooling Portable AC in your bedroom, preferably near your bed but not directly facing you. This will ensure that the cool air circulates throughout the room, providing an even temperature without making the airflow too intense. It’s important to adjust the fan speed to a comfortable level—setting it on low or medium works best for creating a gentle, consistent breeze that won’t disturb your rest.
    Next, make sure the water tank is filled and fresh. The evaporative cooling system relies on water to work effectively, so keep it filled to ensure continuous cooling. If you prefer a more humid environment, use the humidifier feature to add moisture to the air, which can help prevent dryness that might disrupt your sleep.
    The quiet operation of the Polar Cooling unit is a huge benefit when using it for sleep. Unlike larger air conditioning units, which can be noisy, this portable AC runs silently, ensuring that you won’t be disturbed by any loud, distracting sounds while trying to fall asleep.
    Finally, make sure the room is sealed by closing windows and doors to retain cool air. By using the Polar Cooling Portable AC correctly, you can maintain a comfortable, cool temperature throughout the night, promoting a restful and refreshing sleep experience.
    Summer Heat Doesn’t Stand a Chance – Get Polar Cooling Now!

    Pricing & Refund Policy

    Pricing Overview
    The Polar Cooling Portable AC is competitively priced to offer an affordable solution for personal cooling needs. As of now, the standard retail price is $89.99, with an exclusive 50% discount available through the promo code CHILL25.
    For those interested in multiple units, bundle deals are available:

    • 1 Unit: $89.99 
    • 2 Units: $84.99/unit
    • 3 Units: $79.99/unit

    Each purchase includes one Polar Cooling unit and one charging system, providing a comprehensive solution for personal cooling needs.

    Refund Policy
    Customer satisfaction is a priority, and the Polar Cooling Portable AC comes with a 90-day money-back guarantee. To qualify for a full refund:

    • The product must be returned in its original, unopened condition.
    • The return must be initiated within 90 days of the original purchase date.
    • Original shipping fees are non-refundable.
    • Return shipping costs are the responsibility of the customer.

    Please note that opened or used units are not eligible for a refund. For returns, contact customer service at 1-888-851-9719 to initiate the process and receive a Return Merchandise Authorization (RMA) number.
    Disclaimer on pricing: Prices vary by package and seasonal promotions. Always refer to the official website for up-to-date pricing, as it is subject to change at any time.
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    Customer Reviews and Feedback

    James T., New York, NY

    “I live in a small apartment in New York City, and the summer heat can get unbearable. I decided to give the Polar Cooling Portable AC a try, and I am absolutely amazed by its performance! It cools down my room within minutes, and the fact that it’s so easy to carry around makes it perfect for my mobile lifestyle. Highly recommend for anyone living in small spaces!”

    Sarah M., Los Angeles, CA

    “I’ve been using the Polar Cooling Portable AC in my office for the past month, and it’s been a game changer. The cooling effect is fantastic, and I love that I can move it from my office to the living room with ease. It’s super quiet and doesn’t disrupt my work. Plus, it’s energy-efficient, which is a huge plus in California’s hot weather. Definitely worth the investment!”

    Michael R., Chicago, IL

    “As someone who travels frequently for work, I needed a portable cooling solution for hotel rooms, and this unit is perfect. The Polar Cooling Portable AC is small enough to fit in my suitcase, but powerful enough to cool down any room. It’s been a lifesaver on several trips already. Great performance and very easy to use!”

    Emily K., Miami, FL

    “Living in Miami means dealing with intense heat and humidity. The Polar Cooling Portable AC has been my savior this summer. It cools my bedroom perfectly and helps me sleep comfortably at night. It’s so easy to set up, and I love that it doesn’t take up much space. This is a must-have for anyone dealing with hot weather in small spaces.”

    David H., Dallas, TX

    “I purchased the Polar Cooling Portable AC for my home office, and I couldn’t be happier. Texas summers are brutal, and this portable unit cools my entire office without using too much energy. I love how compact and quiet it is, and it has made working from home much more enjoyable. It’s one of the best purchases I’ve made this year.”

    Comparison with Competitors

    When compared to other popular portable AC units, the Polar Cooling Portable AC offers:

    • Better Portability: Unlike many other brands, the Polar Cooling AC is designed for maximum portability without sacrificing performance.
    • Eco-Friendliness: With its low energy consumption and eco-friendly design, it stands out in the market for users looking for sustainable solutions.
    • Multi-functionality: While many portable ACs focus solely on cooling, the Polar Cooling model also works as a humidifier and air purifier, offering a more comprehensive solution.

    Cool Your Space Anytime, Anywhere – Buy Polar Cooling Portable AC Today!

    Pros and Cons

    Pros:

    • Compact and portable
    • Multi-functional (cooling, humidifying, purifying)
    • Energy-efficient, eco-friendly design
    • Affordable compared to traditional AC units

    Cons:

    • Limited cooling capacity for larger rooms
    • Requires periodic refilling of water tank

    Who Should Consider Purchasing?

    The Polar Cooling Portable AC is perfect for:

    • Office workers who need a personal cooling solution.
    • Students in dorm rooms or apartments looking for a compact AC.
    • Travelers who want a portable and rechargeable option for hotel rooms or outdoor settings.

    FAQs

    Here are some of the most common questions about the Polar Cooling Portable AC:
    Q1: How long does the battery last?
    The Polar Cooling Portable AC provides up to 8 hours of continuous use on a full charge, depending on the cooling level and usage environment. It’s perfect for all-day cooling in small spaces.
    Q2: Can it be used while charging?
    Yes, you can use the Polar Cooling Portable AC while it’s charging, which makes it very convenient if you don’t want to rely on battery life.
    Q3: Is it suitable for humid environments?
    Yes, the Polar Cooling unit is designed to function well in moderately humid environments. It also doubles as a humidifier, which can be beneficial for maintaining a comfortable atmosphere in drier areas.
    Q4: What maintenance is required?
    To maintain the Polar Cooling Portable AC, simply clean the water tank regularly to prevent buildup. You’ll also need to replace the cooling filter as recommended by the manufacturer, ensuring optimal performance.
    Q5: Does it come with a warranty?
    The Polar Cooling Portable AC comes with a 1-year warranty that covers manufacturing defects and malfunctions under normal usage conditions.
    Get Yours Before It Sells Out – Polar Cooling Portable AC Won’t Last Long!

    Why Choose Polar Cooling Portable AC Over Traditional AC Units?

    • Portability vs. Fixed AC Units: Compare the benefits of a portable unit like the Polar Cooling AC versus traditional wall-mounted or window units.
    • Installation Ease: Discuss the convenience of using a portable AC that doesn’t require installation compared to complex traditional systems.
    • Space Efficiency: Explain how the Polar Cooling unit saves space, especially in apartments and smaller living areas.

    How Effective Is the Polar Cooling Portable AC for Various Environments?

    • Indoor Use: Evaluate its performance in different indoor environments like bedrooms, offices, and living rooms.
    • Outdoor Use: Discuss how effective it is for outdoor activities such as camping, picnics, or poolside relaxation.
    • Travel-Friendly: Explore its suitability for travel in RVs, hotel rooms, or even outdoor adventures.

    Understanding Evaporative Cooling: What You Need to Know

    • How Evaporative Cooling Works: A deeper dive into the science behind evaporative cooling and why it’s effective in certain climates.
    • Environmental Considerations: Discuss how the Polar Cooling Portable AC can be an eco-friendly alternative to traditional cooling methods.
    • Humidity Impact: Explain how the device works best in areas with low to moderate humidity and the science behind it.

    Beat the Heat NOW – Polar Cooling AC is Flying Off the Shelves

    Polar Cooling in Different Climates: Works Best in Hot or Dry Environments?

    The Polar Cooling Portable AC is a versatile cooling solution, but its performance is highly influenced by the climate in which it’s used. Understanding how the unit works in different climates is key to maximizing its effectiveness.
    The Polar Cooling Portable AC uses evaporative cooling technology, which works by drawing warm air through a water-soaked filter. As the water evaporates, it cools the air and blows it into your space. This process is most effective in dry climates with low humidity. In areas like the desert or arid regions, the air can absorb more moisture, allowing the unit to cool the air more efficiently.
    In contrast, in humid environments, such as coastal areas or places with high rainfall, the air is already saturated with moisture, which limits the effectiveness of evaporative cooling. In these areas, the Polar Cooling unit may still provide some relief, but it won’t cool the air as efficiently as it would in a dry climate. The high moisture content in the air reduces the evaporation rate, making the cooling effect less pronounced.
    However, in hot but dry climates, the Polar Cooling Portable AC excels, offering excellent performance and cooling efficiency. For homeowners in these regions, the Polar Cooling unit is an ideal choice to combat the heat without the energy consumption of traditional air conditioning systems.
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    Common Issues and How to Fix Them

    • Water Tank Leaks: Solutions for potential water tank leakage issues, along with troubleshooting tips.
    • Cooling Performance Drops: Tips on how to maintain consistent cooling performance by cleaning filters and refilling water.
    • Battery Life Issues: How to extend battery life and what to do if the unit isn’t holding a charge.

    Polar Cooling Portable AC for Healthier Air Quality

    • Air Purification Features: Discuss the additional benefit of air purification that comes with this unit.
    • Allergy Relief: How the Polar Cooling AC can help reduce allergens like dust and pollen.
    • Humidity Control: Explain how the built-in humidifier feature benefits respiratory health and comfort.

    How to Maximize the Life of Your Polar Cooling Portable AC

    • Maintenance Tips: Provide a step-by-step guide on how to clean the unit, replace filters, and keep it running efficiently.
    • Storage Tips: Best practices for storing the device during the off-season to extend its life.
    • Troubleshooting: Basic troubleshooting for common issues like low airflow or insufficient cooling.

    Is Polar Cooling Suitable for Larger Spaces?

    • Effective Cooling Range: Discuss the size of the space the Polar Cooling AC can effectively cool and whether it’s suited for larger rooms.
    • Considerations for Large Homes: Offer alternative solutions for people living in larger homes who may need additional cooling units or supplementary devices.

    Hurry! Limited Stock – Don’t Miss Out on Polar Cooling for Instant Relief!

    Polar Cooling Portable AC: A Must-Have for Students and College Dorms

    • Portable & Convenient: Why this product is a perfect choice for college students living in dorms or apartments without central AC.
    • Space-Saving: How it helps students save space in small living conditions.
    • Energy Efficiency for Students: How this portable AC can keep electricity costs down, ideal for a student budget.

    Polar Cooling Portable AC for Small Business Owners

    As a small business owner, maintaining a comfortable environment for both employees and customers is crucial for productivity and satisfaction. The Polar Cooling Portable AC offers an affordable, energy-efficient solution for cooling small business spaces, making it an ideal choice for a range of business environments, from home offices to retail shops.
    One of the key benefits of the Polar Cooling Portable AC for small business owners is its portability. Unlike traditional air conditioning units that require permanent installation and significant space, this compact and lightweight unit can be easily moved from room to room. Whether you need to cool an office, a reception area, or a small retail space, the Polar Cooling AC can adapt to your needs, providing localized cooling exactly where it’s needed most.
    Additionally, the energy efficiency of the Polar Cooling Portable AC is a major advantage for small businesses looking to cut down on operational costs. Traditional air conditioning units can consume a significant amount of energy, especially during the summer months. However, the Polar Cooling AC uses USB power and operates at a fraction of the cost, helping you save money on your electricity bills while still ensuring a comfortable atmosphere for both staff and customers.
    The quiet operation of the Polar Cooling unit is another benefit for business environments. Unlike some larger air conditioners that can produce disruptive noise, this portable AC operates at a low noise level, making it ideal for customer-facing businesses or office environments where noise can be distracting.
    In conclusion, the Polar Cooling Portable AC offers small business owners an efficient, cost-effective, and portable way to keep their spaces cool and comfortable, ensuring a productive environment without the added hassle of traditional AC systems.
    This Offer Won’t Last – Buy Polar Cooling Portable AC Now Before It’s Gone!

    How Polar Cooling Compares to Other Personal Cooling Devices

    • Fans vs. Portable AC: Why the Polar Cooling unit is a better choice than traditional fans, and how it provides more effective cooling.
    • Personal Coolers: Compare this unit with other small-scale cooling products like misting fans or portable fans.
    • Swamp Coolers: A side-by-side comparison of swamp coolers and the Polar Cooling unit in terms of effectiveness and convenience.

    Polar Cooling Portable AC for Offices and Workspaces

    • Enhanced Productivity: Discuss how a cool workspace can improve focus and productivity.
    • Quiet Operation: The advantage of using the Polar Cooling AC in an office without disruptive noise.
    • Easy Portability Between Offices: How employees can easily move the AC from one office space to another.

    Why Polar Cooling is the Ultimate Summer Investment for Homeowners

    As summer temperatures rise, homeowners are always on the lookout for ways to stay cool without breaking the bank on expensive air conditioning units. The Polar Cooling Portable AC is the ultimate summer investment for homeowners seeking an affordable, efficient, and convenient cooling solution.
    First, the portability of the Polar Cooling unit makes it an ideal choice for homeowners. Unlike traditional air conditioners that require complex installations and are fixed in one spot, the Polar Cooling AC is compact and lightweight. You can move it from room to room or even take it with you when traveling, ensuring that you stay comfortable no matter where you are.
    The energy efficiency of the Polar Cooling Portable AC is another reason it’s a smart investment. Traditional air conditioners can lead to high electricity bills, especially during the peak summer months. In contrast, the Polar Cooling AC uses minimal power, helping homeowners save money while still providing effective cooling.
    Moreover, with features like humidification and air purification, it doesn’t just cool your space—it improves air quality and provides added comfort during hot, dry weather.
    In conclusion, the Polar Cooling Portable AC is a cost-effective, versatile, and efficient way for homeowners to stay cool this summer, making it a must-have investment for beating the heat.
    The Ultimate Cooling Solution is Here – Get Your Polar Cooling Portable AC Now!

    Customer Support and Warranty Information

    • Customer Service: Overview of the support available for Polar Cooling users, including troubleshooting and replacement parts.
    • Warranty Coverage: Clarify the details of the product’s warranty and what it covers.
    • How to Contact Support: Provide information on how to reach Polar Cooling’s customer service for issues related to the product.

    Final Thoughts

    In conclusion, the Polar Cooling Portable AC stands out in the crowded market of portable cooling devices. Its unique combination of cooling, humidifying, and purifying functions makes it an excellent option for anyone who needs personal cooling in a small, convenient package. Whether you’re working at your desk, relaxing at home, or traveling, this portable AC offers exceptional value for its price.
    Its energy efficiency, compact size, and user-friendly features position it as one of the best portable cooling options of 2025. While it may not cool large rooms like traditional air conditioning systems, it excels in small spaces and delivers impressive results where it matters most.
    If you’re in the market for a portable, energy-efficient AC, the Polar Cooling Portable AC is certainly worth considering. With real user feedback and its multi-functional capabilities, it’s a smart investment for those who value comfort and convenience.

    Company: Polar Cooling
    Address: 6413 Bandini Blvd, Commerce, CA 90040, USA
    Email: cs@getultimateac.com
    Order Phone Support: 1-888-817-9080 (7AM – 5PM PST)

    Disclaimer Legal Disclaimer
    The information presented in this article is provided for general informational purposes only. While efforts are made to ensure accuracy and completeness, no content herein should be interpreted as a substitute for professional advice, product instructions, or manufacturer guidance. Product performance may vary depending on usage, environmental conditions, or maintenance habits. The Polar Cooling Portable AC is intended solely for non-medical, personal comfort use and is not designed to diagnose, treat, or prevent any medical condition. Readers with specific health concerns should consult a licensed healthcare provider before using any evaporative or air-modifying device.
    The content in this article may include subjective assessments, third-party testimonials, or editorial opinion based on publicly available information. All users are responsible for their own due diligence prior to purchase.
    Product specifications, pricing, and promotions mentioned are accurate at the time of publication but may change without notice. Readers are strongly encouraged to consult the official product website for the most current and accurate information before making any purchasing decision.
    This article is not authored by or affiliated with the product manufacturer, and all trademarks are the property of their respective owners.

    Affiliate Disclosure
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    The MIL Network –

    May 30, 2025
  • Israel announces new West Bank settlements despite sanctions threat

    Source: Government of India

    Source: Government of India (4)

    Israel’s government has approved 22 new Jewish settlements in the occupied-West Bank, Finance Minister Bezalel Smotrich said on Thursday, a move that could deepen divisions with some allies, who have threatened sanctions over further expansion.

    Far-right Smotrich, an advocate for Israeli sovereignty over the West Bank, wrote on X that the new settlements would be located in the northern area of the West Bank, without specifying where.

    Israeli media cited the Defense Ministry as saying that among the new Jewish settlements, existing “outposts” would be legalised and new settlements would also be built.

    Around 700,000 Israeli settlers live among 2.7 million Palestinians in the West Bank and East Jerusalem, territories Israel captured from Jordan in the 1967 war. Israel later annexed East Jerusalem, a move not recognized by most countries, but has not formally extended sovereignty over the West Bank.

    Palestinians see expansion of the settlements as a hindrance to their aspirations to establish an independent Palestinian state in the Gaza Strip and the West Bank, including occupied East Jerusalem.

    There is a growing list of European countries demanding that Israel end the war in Gaza, while Britain, France and Canada this month warned Israel it could impose targeted sanctions if Israel continued to expand settlements in the West Bank.

    Most of the international community considers the Jewish settlements illegal. The Israeli government deems settlements legal under its own laws, while some so-called “outposts” are illegal but often tolerated and sometimes later legalised.

    Settlement activity in the West Bank has accelerated sharply since the war in Gaza, now in its 20th month, adding to escalating Israeli military operations against Palestinian militants and increasing numbers of settler attacks targeting Palestinian residents.

    Nabil Abu Rudeineh, a spokesperson for Palestinian President Mahmoud Abbas, called Israel’s decision a “dangerous escalation”, accusing the government of continuing to drag the region into a “cycle of violence and instability”.

    “This extremist Israeli government is trying by all means to prevent the establishment of an independent Palestinian state,” he told Reuters, urging U.S. President Donald Trump’s administration to intervene.

    Hamas official Sami Abu Zuhri condemned the announcement and called on the United States and the European Union to take action.

    “The announcement of the building of 22 new settlements in the West Bank is part of the war led by Netanyahu against the Palestinian people,” Abu Zuhri told Reuters.

    (Reuters)

    May 29, 2025
  • Indian stock market ends in green over positive global cues

    Source: Government of India

    Source: Government of India (4)

    The Indian stock market closed in green on Thursday amid positive global cues. Sensex closed 320.70 points or 0.39 per cent up at 81,633.02 while Nifty ended up 81.15 points or 0.33 per cent at 24,833.60.

    Buying was seen in midcap and smallcap along with largecap. Nifty Midcap 100 index was up 315.85 points or 0.55 per cent at 57,457.25 and Nifty Smallcap 100 index was up 105.40 points or 0.59 per cent at 17,889.

    On a sectoral basis, metal, IT, financial services, realty, media and energy indices were in the green, while, PSU Bank, FMCG and PSE sectors were in the red.

    “Global sentiment improved after a US court struck down Donald Trump’s reciprocal tax policy. However, the domestic market remained mostly rangebound during the day due to rising oil prices and higher US 10-year bond yields,” said Vinod Nair, Head of Research, Geojit Investments Limited.

    Some recovery was seen toward the end of the session, driven by F&O expiry led covering.

    “Export-focused sectors like IT and Pharma performed well, supported by hopes of easing trade tensions. Lack of positive domestic triggers and a drop in industrial output to an eight-month low could lead to short-term market consolidation,” he mentioned.

    Nifty witnessed a volatile session on the day of monthly expiry. The momentum continues to remain weak, with the RSI still pointing downward.

    “The next crucial support is at 24,670. If the index falls below this level, a sharp correction may occur, potentially dragging the index down to 24,400/ 24,300. On the other hand, if Nifty holds above 24,670, it could witness a smart recovery towards 25,000 or 25,150 in the short term,” said Rupak De from LKP Securities.

    Gold prices traded weak in the first half of the session after the FOMC meeting minutes indicated that the U.S. Federal Reserve is unlikely to ease interest rates in the near term, maintaining a data-dependent stance. In the domestic market, MCX gold holds support near Rs 94,000, with resistance around Rs 96,500, said experts.

    –IANS

    May 29, 2025
  • MIL-OSI United Kingdom: £85 million to support arts and cultural organisations across the country

    Source: United Kingdom – Executive Government & Departments

    Press release

    £85 million to support arts and cultural organisations across the country

    Local people’s access to arts venues across the country set to be protected with cash to support vital repairs and upgrades

    • Investment supports the Government’s Plan for Change by helping to boost local economies and increase opportunities to gain creative skills
    • Expressions Of Interest to open at the end of June

    Arts and cultural organisations will soon be able to apply for a share of £85 million from the government for vital repairs and upgrades, ensuring everyone has access to high quality institutions in the places they call home. 

    The new Creative Foundations Fund will help arts venues across England to address a range of issues, such as repairing building infrastructure, outdated or failing systems, inefficient energy systems and inaccessible spaces. It will ensure beloved local venues like theatres, performing arts venues, galleries, grassroots music venues and contemporary arts centres can continue to offer opportunities, boost skills and attract more visitors from across the country.

    Arts and cultural organisations across England are encouraged to apply for a share of up to £10 million each from the fund, which recognises the huge contribution they make towards boosting growth and breaking down barriers to opportunities for young people by helping them to learn vital creative skills. 

    This £85 million investment into arts and cultural organisations is part of the £270 million Arts Everywhere Fund announced by the Culture Secretary in February, which delivers on the government’s Plan for Change to support economic growth and increase opportunities for people across the country.

    Culture Secretary, Lisa Nandy said: 

    Everyone, everywhere, deserves to enjoy arts and culture in the places they call home. This funding will be vital in ensuring that our much loved venues are fit for the future, so they can continue to boost growth and provide young people with the space to learn vital creative skills.

    Our Plan for Change is boosting opportunities everywhere and it will support these vital institutions to flourish.

    Darren Henley, Chief Executive, Arts Council England said: 

    Our cultural buildings are home to thrilling performances and amazing exhibitions in towns and cities across England. This new investment helps to secure the future of those buildings at the heart of their communities, ensuring that artists, performers, curators and creators can continue to share their brilliant work with audiences for years to come.

    The fund will open for Expressions Of Interest on Monday 30 June 2025. Full guidance, including eligibility criteria and details of how to apply, can be found on Arts Council England’s website. 

    Notes to editors:

    •  In February, Culture Secretary, Lisa Nandy announced more than £270 million in funding for arts venues, museums, libraries and the heritage sector in a major boost for growth. 
    • Arts Council England will deliver this fund on behalf of the Department for Culture, Media and Sport (DCMS), including administering, awarding and monitoring the grants.Guidance has been published today by Arts Council England to provide further information for arts and cultural organisations considering making an application to these schemes. 
    • The online portal to register Expressions of Interest for the Creative Foundations Fund opens on Monday 30 June 2025. Full guidance, including eligibility criteria and details of how to apply can be found on Arts Council England’s website.

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    Published 29 May 2025

    MIL OSI United Kingdom –

    May 29, 2025
  • MIL-OSI United Kingdom: Wagamama to come to Preston’s Animate

    Source: City of Preston

    29 May 2025

    Preston City Council has announced Asian inspired Japanese restaurant, Wagamama is to open at its newly launched £45million Animate leisure scheme, which has been delivered by Maple Grove Developments. 

    Positioned between Taco Bell and Mad Giant Food Hall, Wagamama has taken a 4,125 sq ft unit on a 15-year lease. The fit out is due to commence imminently and will be open to customers early this summer.

    Open seven days a week, the new restaurant will create 55 new jobs and marks Wagamama’s 167th restaurant in the UK and Ireland and its 59th in the North. The deal means that just one final unit (10,270 sq ft) offering social space on the upper level is now available.

    Animate was officially opened in February by Wallace and Gromit creator Nick Park, with many of the tenants including Ask Italian, Argento Lounge, Taco Bell Hollywood Bowl and ARC Cinemas now trading.

    Sita Wood, head of brand activation (restaurants) at Wagamama said: 

    “We’re incredibly excited to be opening our doors in preston, to meet local demand. our team are hard at work training for our opening, and we can’t wait to welcome our locals to enjoy their fresh favourites on our benches.”

    Cllr Wise at Preston City Council said: 

    “Animate has proven to be an in-demand venue for leisure operators and Wagamama deciding to open a restaurant here is a significant vote of confidence in the destination. It will prove to be a popular restaurant, stimulating additional footfall in the Harris Quarter, catalysing further investment, and boosting our local economy, central to our Community Wealth Building model.”

    Speaking about the arrival of Wagamama John Brady, at Bradys, joint agents for the scheme with Smith Young, commented:

    “Securing Wagamama is a strong endorsement of Preston’s growing appeal as a vibrant retail and leisure destination. The brand brings with it a loyal following and a reputation for quality, which will not only further enhance the visitor experience but also support the wider regeneration of the area by driving increased footfall.”

    The flagship scheme is one of six major projects in Preston’s Harris Quarter Towns Fund Investment Programme, a £200m programme, including £20.9m of funding by the government to support several regeneration projects.

    About Maple Grove Developments

    Maple Grove Developments is part of the Eric Wright Group. Founded in 1923, the Eric Wright Group is a leading property and construction company that develops, builds and maintains the UK’s infrastructure.

    Wholly owned by the Eric Wright Charitable Trust, the Group is committed to delivering employment and regeneration opportunities in the communities in which it operates in. All company profits are either invested back into the Eric Wright Group or awarded to charities and projects, predominately throughout the North West, which support young persons’ wellbeing, elderly services, education and training, health or carers’ support. 

    The Eric Wright Charitable Trust owns and operates Water Park Lakeland Adventure Centre in Cumbria and is an employer partner and sponsor of the Eric Wright Learning Foundation at Preston’s College, which supports young people aged 14+ studying Level 1 – 3 vocational courses and Apprenticeships.

    Based at Bamber Bridge, near Preston, the Eric Wright Group comprises seven specialist divisions that regularly collaborate to deliver joined-up approaches with outstanding results and maintain strong relationships with private and public sector clients and partners. The Group’s seven divisions are Maple Grove Developments, Construction, Civil Engineering, Water, Health & Care, Facilities Management (FM) and Applethwaite Homes. 

    About Animate

    The construction and development phase will help to generate up to 200 full time equivalent construction jobs for the local workforce, and provide opportunities for apprenticeship, work placements, training and upskilling through Eric Wright Group’s corporate and social responsibility programme.   

    A dedicated Animate Community Benefit Framework has been agreed between Preston City Council and Maple Grove Developments, which will deliver 15 community benefits, in line with Preston’s Community Wealth Building programme, to assist the delivery of the project and to provide the maximum impact for Preston’s residents and businesses.  

    The Community Benefit Framework seeks to use local labour, provide training, employment, volunteering opportunities and placements within local colleges, to promote environmental sustainability, and to ensure that all workers are treated equally and fairly. 

    Animate will also provide more than 140 long term jobs when it opens to the public following the two year construction phase.  

    About Towns Fund – Town Deals

    • On 27 July 2019, the Prime Minister announced that the Towns Fund would support an initial 101 places across England to develop Town Deal proposals, to drive economic regeneration and deliver long-term economic and productivity growth. 
    • A Town Deal is an agreement in principle between Government, the Lead Council and the Town Deal Board. It will set out a vision and strategy for the town, and what each party agrees to do to achieve this vision.  
    • Each of the 101 towns selected to work towards a Town Deal also received accelerated funding last year for investment in capital projects that would have an immediate impact and help places “build back better” in the wake of Covid-19. See the 101 places being supported to develop Town Deals.
    • Preston’s City Investment Plan is a 15 year vision for Preston setting out Preston’s long-term objectives and strategy to transform the city, targeting resources and aligning public and private sector investments to respond to needs and capitalise on opportunities for positive change. For details visit Invest – Preston’s City Investment Plan.
    • Preston City Council actively applies and prioritises the principles of Community Wealth Building wherever applicable and appropriate. Community Wealth Building is an approach which aims to ensure the economic system builds wealth and prosperity for everyone. 
    • Lancashire County Council’s £800,000 Economic Recovery grant is from its £12.8m  Economic Recovery & Growth programme to fund projects across the 12 Lancashire districts to tackle some of the economic impacts of Covid-19 and support recovery and growth. 

    MIL OSI United Kingdom –

    May 29, 2025
  • MIL-OSI Asia-Pac: Invest Hong Kong promotes Hong Kong’s business advantages in Beijing and Tianjin (with photos)

    Source: Hong Kong Government special administrative region

    Invest Hong Kong promotes Hong Kong’s business advantages in Beijing and Tianjin
         During her visit, Ms Lee met with numerous companies to understand their overseas strategies, while promoting Hong Kong business opportunities. She highlighted Hong Kong’s unique role as a “super connector” between the Mainland and global markets under the “one country, two systems” framework. She will also follow up with Beijing-based companies that recently joined the Business Delegation led by the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) to the Middle East.
        
         In Beijing and Tianjin, InvestHK held thematic discussions with organisations such as the China Alcoholic Drinks Association to showcase the immense opportunities for liquor businesses following Hong Kong’s reduction in liquor duty. InvestHK also co-organised a series of promotional activities with industry associations, including policy exchange sessions and seminars on global expansion for F&B enterprises.
     
         InvestHK yesterday (May 28) hosted a thematic roundtable event in Beijing with F&B industry representatives to exchange views on overseas expansion and Hong Kong’s investment policies. Ms Lee explained that Hong Kong serves as a vital bridge between the Mainland and international markets, offering unparalleled business advantages for Mainland enterprises to expand overseas.
     
         “As a world-renowned culinary capital, Hong Kong is an ideal testing ground for F&B brands aiming to internationalise,” said Ms Lee. “The city’s diverse consumer base enables brands to validate product acceptance across cultures. With a robust influx of international visitors, brands can also benefit from strong word-of-mouth marketing. Hong Kong’s mature F&B ecosystem provides an ideal platform for innovation, while local talent with international prospective and global experience offers a solid foundation for international expansion,” she said.
     
         The Head of Tourism and Hospitality at InvestHK, Ms Sindy Wong, gave a detailed overview of Hong Kong’s F&B market advantages and how the city can support Mainland enterprises in scaling their overseas presence. The Associate Director of the Office of the HKSAR Government in Beijing (Beijing Office) , Ms Eunice Chan, delivered  welcome remarks at the event.
     
         InvestHK today (May 29) visited Tianjin to engage with major local wine companies to promote Hong Kong’s latest policies on the alcohol industry. A seminar entitled Leveraging Hong Kong’s Advantages to Support Tianjin F&B Enterprises Going Global was held, co-organised by Hong Kong Bauhinia College and the Tianjin General Chamber of Commerce, and supported by the Tianjin Liaison Unit of the HKSAR Government, the Hong Kong and Macao Affairs Office of Tianjin Municipal People’s Government, and the Tianjin Federation of Industry and Commerce.
     
         In her welcome remarks, Ms Lee said, “Tianjin and Hong Kong have long enjoyed close economic and trade ties. Hong Kong is Tianjin’s largest source of foreign investment and a vital platform for local enterprises to go global. With its unique advantages of having the staunch support of the country while maintaining unparalleled connectivity with the world, Hong Kong’s thriving culinary economy presents opportunities for Mainland brands to grow their brand influence. Tianjin enterprises can leverage Hong Kong’s open and internationalised environment to accelerate their global expansion. “She highlighted Hong Kong’s role as a vital international gateway, capable of helping Tianjin culinary brands set sail for overseas markets and expand their global presence.
     
         Ms Wong shared an in-depth analysis of Hong Kong’s market environment, along with practical case studies, and the HKSAR Government’s latest policies to attract businesses, encouraging them to utilise the Hong Kong platform for outbound investment.
     
         The Chairman of the Tianjin General Chamber of Commerce, Ms Han Xiuyun, delivered welcome remarks, pledging to deepen economic, trade, and investment co-operation, particularly in the catering sector, between Tianjin and Hong Kong, enabling enterprises from both places to capitalise on their respective strengths for mutual development.
     
         During the professional services sharing session, Deputy Director of the Management Committee of Beijing Yingke (Hangzhou) Law Firm and Director of Yingke Global Catering Enterprise (outbound investment) Service Center, Mr Chen Shaojun, and the Chief Immigration Officer of the Beijing Office, Mr Xarier Wong, delivered keynote speeches on Hong Kong’s professional services and talent schemes to attendees. Vice President of Xiabu Xiabu Group, Ms Zhang Yanmei, shared experiences on the company’s business set-up and growth in Hong Kong, encouraging catering businesses to stronglyconsider Hong Kong’s platform for brand internationalisation.
     
         The seminar also featured a Q&A session for enterprises interested in setting up in Hong Kong. Hong Kong representatives addressed their queries in detail. The event attracted more than 80 representatives from Tianjin businesses, institutions, and media.
     
         For photos of the seminar, please visit www.flickr.com/photos/investhk/albums/72177720326484438Issued at HKT 18:42

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    May 29, 2025
  • MIL-OSI Europe: Silicon Cyprus

    Source: European Investment Bank

    Ioannis Kasinopoulos and his friend Yiannis Zambas set up Electryone AI in 2023 with a “strong belief and no outside financing.” The belief was in their software, which uses artificial intelligence to make batteries that store renewable energy more efficient and profitable. They also believed in the importance of the transition to a clean, green economy. Without external funding, however, belief could only get them so far.

    The two young Cypriots, who had previously been at Meta, McKinsey and Palantir, worked hard to find pre-seed financing and some angel investors from their bases in London and Spain, including Genesis Ventures, a Greek venture capital firm backed by the European Investment Fund. Then they got an unexpected surprise—venture capital financing from their home island, where support for startups has been limited. 33East Venture Capital, a Nicosia-based venture capital fund supported by the Cyprus Equity Fund, started making investments from its €26 million fund this year, and it backed Electryone AI with €400 000 in January.

    “We were very happy to have people from Cyprus being part of this,” says Kasinopoulos, who was born in Nicosia. “We had tried to raise money in Cyprus, but we didn’t really get anywhere. There are companies in the energy space, but they didn’t understand software or venture capital. They wouldn’t take that much risk.”

    For technology and innovation startups in Cyprus, 33East’s new fund could be a gamechanger, reversing a brain drain that has seen talented Cypriots leave, largely for London. Though the Global Entrepreneurship Monitor ranks Cyprus seventh in the European Union for early stage entrepreneurial activity, venture capital investment in Cyprus is scarce, according to a report by the University of Cyprus’s Centre for Entrepreneurship.

    “There has been no formal path for startups to follow, so either companies died or left Cyprus to seek financing,” says Yiannis Eftychiou, one of two 33East cofounders. “There has been a drain of quality talent from Cyprus. But we see a lot of opportunity in Cyprus.”

    MIL OSI Europe News –

    May 29, 2025
  • MIL-OSI Europe: EU Fact Sheets – The European Investment Bank – 28-05-2025

    Source: European Parliament

    The European Investment Bank (EIB) furthers the objectives of the European Union by providing long-term project funding, guarantees and advice. It supports projects both within and outside the EU. Its shareholders are the Member States of the EU. The EIB is the majority shareholder in the European Investment Fund (EIF), and the two organisations together make up the EIB Group.

    MIL OSI Europe News –

    May 29, 2025
  • MIL-OSI: Hyperscale Data Subsidiary Ault Capital Group Plans to Launch XRP Lending Platform for U.S. Public Companies in Q3 2025

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, May 29, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”) is planning to launch an enterprise-focused XRP lending platform (the “Platform”) in the third quarter of 2025. The Platform, which will initially be a beta version, is expected to be ACG’s first decentralized finance (“DeFi”) application.

    The Platform will be exclusively available to public companies listed on the New York Stock Exchange, the NYSE American and all three tiers of the NASDAQ Stock Market. Eligible applicants will be able to apply to borrow up to a fixed amount of XRP (each, a “Loan”) on terms and conditions negotiated between the applicant and ACG. Once finalized, the Loan details will be posted on-chain. The Loans are expected to be secured by assets of the applicant and/or convertible into registered shares of common stock of the applicant.

    As the Loans are currently anticipated to be repaid in XRP, ACG expects to utilize XRP futures contracts on the Chicago Mercantile Exchange to hedge market exposure, bringing a different approach to risk management and financial sophistication to cryptocurrency-based lending. The Platform will leverage the XRP Ledger to facilitate fast, low cost, and secure lending, backed by ACG’s recently announced initiative to acquire up to $10 million of XRP.

    ACG is seeking to deliver a secure, compliant and institutional-grade solution for blockchain-based lending. The Platform is part of ACG’s broader initiative to tokenize real-world assets, provide alternative financing solutions to listed companies, and facilitate cross-border settlements using blockchain technology. Additional crypto-financial instruments are expected to be announced in the coming months.

    “We are seeking to build infrastructure that merges traditional finance with blockchain technology,” said Milton “Todd” Ault, III, Executive Chairman of Hyperscale Data. “With the host of enterprise features offered by XRP and the XRP Ledger, institutional borrowers and lenders now have access to integrated hedging and risk management tools as part of their operations.   We look forward to exploring the desire of other publicly traded companies to participate in DeFi transactions that can provide greater transparency, efficiency and security.”

    Hyperscale Data notes that acquisitions of XRP and the development and/or viability of the Platform are subject to various risks and uncertainties, one or more which could result in the planned acquisitions of XRP and the development of the Platform being curtailed, delayed or terminated, including, but not limited to: the volatility in XRP market price; the inability to, or cost prohibitive nature of, adequately hedging market exposure to XRP; the inability of the Company to have sufficient capital to purchase the intended amount of XRP; and regulatory challenges, consents or approvals, if necessary. The Company will continue to monitor market conditions and may increase or decrease its holdings of XRP as it deems appropriate.

    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 artificial intelligence (“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 high-performance computing services, though it may at that time continue to mine Bitcoin. 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 –

    May 29, 2025
  • MIL-OSI: Influencer Crypto Costa Opens Short Position on XRP via BYDFi

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 29, 2025 (GLOBE NEWSWIRE) — Crypto Costa, a well-known trading educator and content creator, has announced that he is initiating a short position on XRP, drawing notable attention and discussion across the trading community. The position was opened on BYDFi, a globally renowned crypto trading platform where Costa serves as a global brand ambassador.

    XRP Surges Past $2.3 Amid Bullish Momentum

    XRP recently climbed to $2.3, marking a significant rally after clearing a key psychological resistance level. The price movement follows renewed optimism in the broader Ripple ecosystem, fueled by legal progress and sustained investor interest. Trading volumes and social metrics have surged, reflecting growing retail and institutional participation in the asset.

    BYDFi Ambassador Crypto Costa Against the Tide

    While broader sentiment remains optimistic, Costa has taken a contrarian stance by initiating a short-selling strategy against XRP’s rally.

    “I’m starting to scale into a short on #XRP. First short entry at $2.3,” Costa posted on X. “I think the top for this centralized coin is long gone, so I’m planning to hold the short through the upcoming dumps in the coming weeks and months.”

    While Costa’s tone remains provocative, the move has sparked renewed discussion about XRP’s short-term volatility. As a trader, he noted BYDFi’s execution speed, depth of liquidity, and contract infrastructure as factors influencing his choice of platform for this trade.

    About Crypto Costa

    Crypto Costa is recognized for his outspoken market views and educational content across X and YouTube. Known for his contrarian takes, he shares trading insights with a global audience and joined BYDFi as a brand ambassador earlier this year.

    About BYDFi

    Established in 2020, BYDFi has grown to serve over 1,000,000 users across 190+ countries and regions. The platform has been recognized by Forbes as one of the Best Crypto Exchanges & Apps for Beginners of 2025, and offers a full suite of trading products—including spot, perpetual contracts, copy trading, trading bots, and on-chain tools—designed to support both beginners and experienced crypto users.

    BYDFi is committed to providing a world-class crypto trading experience for every user.

    BUIDL Your Dream Finance.

    • Website: https://www.bydfi.com
    • Support email: cs@bydfi.com
    • Business partnerships: bd@bydfi.com
    • Media inquiries: media@bydfi.com

    Twitter( X ) | LinkedIn | Telegram | YouTube | How to Buy on BYDFi

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/445ba42c-a6e0-4f63-b56b-e4243bd0f2d7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1c78e22a-1dca-4cd4-9368-678f28badf30

    The MIL Network –

    May 29, 2025
  • MIL-OSI: Zeo Energy Corp. to Acquire Heliogen, Inc., Expected to Create a Clean Energy Platform for Residential, Commercial, and Utility Markets

    Source: GlobeNewswire (MIL-OSI)

    Acquisition Seeks to Combine Zeo’s Solar Energy Platform with Heliogen’s Advanced Clean Storage Solutions

    Transaction Represents Culmination of Heliogen’s Comprehensive Strategic Alternatives Review Process

    NEW PORT RICHEY, Fla. and PASADENA, Calif., May 29, 2025 (GLOBE NEWSWIRE) — Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo Energy,” or “Zeo”), a leading Florida-based provider of residential solar and energy efficiency solutions, and Heliogen, Inc. (OTCQX: HLGN) (“Heliogen”), a provider of on-demand clean energy technology solutions, today announced they have entered into a definitive agreement and plan of merger and reorganization (the “Merger Agreement”) pursuant to which Zeo will acquire all of Heliogen’s outstanding equity securities in an all-stock transaction. The transaction is currently expected to close in the third quarter of 2025, subject to customary closing conditions.

    Following the closing of the transaction, Zeo plans to leverage Heliogen’s solutions, brand, intellectual property, capital, and technical talent to establish a division focused on long-duration energy generation and storage for commercial and industrial-scale facilities, including artificial intelligence (AI) and cloud computing data centers. The transaction is expected to create a robust clean energy platform spanning residential, commercial, and utility-scale markets, supported by internal financing capabilities and domain expertise.

    Management Commentary

    “Heliogen brings a set of practical solutions to customers, particularly data centers, looking for longer duration energy storage with substantially lower costs than alternatives on the market,” said Tim Bridgewater, CEO of Zeo Energy. “Through this acquisition, we believe that Zeo will be able to accelerate our vision of serving energy consumers across the spectrum – from residential rooftops to larger-scale industrial solar and storage applications to build an energy platform at scale.”

    “We believe this combination offers a compelling opportunity for Heliogen stockholders through the opportunity to participate in the substantial growth potential of the combined company,” added Christiana Obiaya, CEO of Heliogen. “We believe that Zeo’s proven track record and network of customers can enhance the value creation opportunities for Heliogen’s solutions and technical capabilities, while enhancing liquidity for stockholders. We’re proud to be joining forces to scale practical, dispatchable clean energy solutions. This transaction is the result of the Heliogen Board’s comprehensive review of strategic alternatives. Our Board is unanimous in its belief that this transaction is the optimal path forward and in the best interest of our stockholders.”

    Strategic Rationale

    • Expanded Market Reach: The transaction unites Zeo’s existing residential solar and storage footprint with Heliogen’s long-duration energy storage expertise. Heliogen’s commercial and utility-scale thermal storage solutions address mission-critical power quality and energy capacity issues faced by AI and cloud computing data centers, while concurrently aiding grid stability.
    • Operational Synergies: The transaction is expected to streamline costs and reduce corporate overhead, while retaining core technical and commercial talent.
    • Strengthened Balance Sheet: At close, Zeo anticipates benefiting from Heliogen’s incremental liquidity, supporting investments for future growth in the solar and energy storage space.
    • Enhanced Financing Capabilities: Zeo’s affiliated financing arm, which has provided over $44 million in clean energy tax equity financing to date, has the ability to be used for future Heliogen utility-scale and long-duration energy storage projects.
    • Accelerated Growth Opportunities: The transaction seeks to position Zeo to capitalize on increasing demand for resilient, cost-effective, low-carbon energy infrastructure, supported by favorable long-term tailwinds and potential tax equity investments.

    Transaction Details and Closing Timeline

    Under the terms of the Merger Agreement, upon the closing of the transaction, Heliogen’s securityholders will receive shares of Zeo’s Class A common stock valued at approximately $10 million in the aggregate, based on a Zeo Class A common stock price of $1.5859 per share, and subject to an adjustment mechanism based on Heliogen’s net cash at the closing.

    The proposed transaction has been unanimously approved by the Board of Directors of both companies and is expected to close in the third quarter of 2025, subject to the satisfaction of customary closing conditions, including approval by Heliogen’s stockholders, as well as Heliogen having a specified minimum amount of net cash at the closing. Certain Heliogen stockholders holding approximately 23% of Heliogen’s outstanding shares of common stock have entered into voting agreements, pursuant to which they have agreed, among other things, to vote all of such shares in favor of the proposed transaction. The proposed transaction will not require the approval of Zeo’s stockholders under Nasdaq rules.

    Advisors

    Piper Sandler & Co. is acting as financial advisor and Ellenoff Grossman & Schole LLP is acting as legal counsel to Zeo.

    Pickering Energy Partners is acting as financial advisor and Cooley LLP is acting as legal counsel to Heliogen.

    About Zeo Energy Corp.

    Zeo Energy Corp. is a Florida-based regional provider of residential solar, distributed energy, and energy efficiency solutions. Zeo Energy focuses on high-growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Zeo serves customers who desire to reduce high energy bills and contribute to a more sustainable future. For more information on Zeo Energy Corp., please visit www.zeoenergy.com.

    About Heliogen, Inc.

    Heliogen (OTCQX: HLGN) is a renewable energy technology company that provides solutions for delivering cost-effective, low-carbon energy production around the clock. By combining commercially proven solar technologies with thermal systems expertise, Heliogen supports customers in achieving a practical transition to cleaner energy. For more information about Heliogen, please visit www.heliogen.com.

    Forward-Looking Statements

    This press release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended (the “Securities Act“), and Section 21E of the Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to Zeo and/or Heliogen. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, such as statements regarding the structure, timing, and completion of the proposed transaction between Zeo and Heliogen and the vision, goals, and trajectory of Zeo following the proposed transaction. The words “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing Zeo’s or Heliogen’s views as of any subsequent date, and neither Zeo nor Heliogen undertakes any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, Zeo’s Heliogen’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the occurrence of any event, change, or other circumstances that could give rise to the right of one or both of Zeo or Heliogen to terminate the Merger Agreement; the possibility that the proposed transaction does not close when expected or at all because the conditions to closing are not satisfied on a timely basis or at all, including the failure to timely obtain stockholder approval for the proposed transaction from Heliogen’s stockholders, if at all; the possibility that the anticipated benefits of the proposed transaction are not realized when expected or at all; the possibility that the vision, goals, and trajectory of Zeo following the proposed transaction are not timely achieved or realized, if at all; the possibility that the integration of the two companies may be more difficult, time-consuming, or costly than expected; the possibility that the proposed transaction may be more expensive or take longer to complete than anticipated, including as a result of unexpected factors or events; the outcome of any legal proceedings that may be instituted against Zeo, Heliogen or others related to the proposed transaction; Zeo’s or Heliogen’s success in retaining or recruiting, or changes required in, its officers, key employees, or directors; Zeo’s ability to maintain the listing of its common stock and warrants on Nasdaq; limited liquidity and trading of Zeo’s or Heliogen’s securities; geopolitical risk and changes in applicable laws or regulations; the possibility that Zeo or Heliogen may be adversely affected by other economic, business, and/or competitive factors; operational risk; litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on Zeo’s or Heliogen’s resources; and other risks and uncertainties, including those included under the heading “Risk Factors” in Zeo’s and Heliogen’s Annual Reports on Form 10-K filed with the SEC for the year ended December 31, 2024 and in subsequent periodic reports and other filings with the SEC. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by Zeo or Heliogen, or their respective directors, officers or employees or any other person that Zeo or Heliogen will achieve their objectives and plans in any specified time frame, or at all.

    Additional Information and Where to Find It

    In connection with the proposed transaction, Zeo and Heliogen intend to file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including a registration statement on Form S-4 (the “Registration Statement”), which will include a proxy statement of Heliogen that will also constitute a prospectus of Zeo with respect to the shares of class A common stock of Zeo to be issued in the proposed transaction (the “proxy statement/prospectus”). After the Registration Statement has been declared effective by the SEC, a definitive proxy statement/prospectus will be mailed to stockholders of Heliogen. This press release is not a substitute for any registration statement or proxy statement/prospectus, or other documents Zeo and/or Heliogen may file with the SEC in connection with the proposed acquisition. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, STOCKHOLDERS AND INVESTORS OF HELIOGEN AND ZEO ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AND ANY OTHER DOCUMENTS FILED BY HELIOGEN AND/OR ZEO WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. The Registration Statement, the proxy statement/prospectus and other documents filed by Zeo and Heliogen with the SEC, when filed, will be available free of charge at the SEC’s website at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by Heliogen online at investors.heliogen.com, and will be able to obtain free copies of the Registration Statement, proxy statement/prospectus and other documents filed with the SEC by Zeo online at investors.zeoenergy.com.

    Participants in the Solicitation

    This press release is not a solicitation of proxies in connection with the proposed transaction. However, under SEC rules, Heliogen, Zeo and certain of their respective directors, executive officers and other members of their management and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the interests of Heliogen’s directors and executive officers and their ownership of Heliogen’s stock is set forth in Heliogen’s Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on March 27, 2025 (the “2024 Heliogen 10-K”). Information regarding the interests of Zeo’s directors and executive officers is set forth in Zeo’s Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on May 28, 2025 (the “2024 Zeo 10-K”). To the extent that either Zeo’s or Heliogen’s directors and executive officers and their respective affiliates have acquired or disposed of security holdings since the “as of” date indicated in the 2024 Zeo 10-K or 2024 Heliogen 10-K, such transactions have been or will be reflected on Statements of Change in Ownership on Form 4 or amendments to beneficial ownership reports on Schedule 13D filed with the SEC.

    Additional information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be included in the proxy statement/prospectus relating to the proposed acquisition when it is filed with the SEC. These documents (when available) may be obtained free of charge from the SEC’s website at www.sec.gov, from Heliogen’s website at https://investors.heliogen.com/ and from Zeo’s website at https://investors.zeoenergy.com/.

    No Offer or Solicitation

    This press release is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or the solicitation of any proxy, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or in a transaction exempt from the registration requirements of the Securities Act.

    Zeo Energy Corp. Contacts

    For Investors:
    Tom Colton and Greg Bradbury
    Gateway Group
    ZEO@gateway-grp.com

    For Media:
    Zach Kadletz
    Gateway Group
    ZEO@gateway-grp.com

    Heliogen Contacts

    Investors Contact:
    Phelps Morris
    Chief Financial Officer
    Phelps.Morris@heliogen.com

    Heliogen Media Contact:
    Cory Ziskind
    ICR, Inc.
    HeliogenPR@icrinc.com

    The MIL Network –

    May 29, 2025
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