Category: Finance

MIL-OSI United Kingdom: Deputy Prime Minister speech to UKREiif – 20 May 2025

Source: United Kingdom – Government Statements

Speech

Deputy Prime Minister speech to UKREiif – 20 May 2025

Transcript of the Deputy Prime Minister’s speech at the UK Real Estate and Infrastructure Forum (UKREiiF) on 20 May 2025.

Good morning!

It’s fantastic to be back at UKREiiF, as Deputy Prime Minister.

And it’s excellent to be here in Leeds.

A great city under a great council and West Yorkshire’s Mayor, my friend Tracy Brabin.

From Holbeck to Hunslet to Horsforth, it’s being remade and reborn.

Creating new good-quality jobs as well as opportunities for growth and investment.

And it’s a testament to partnership between local, regional, and national government.

And I want to say a big thanks to all of you here today. And it was great to hear Tom and the enthusiasm when I was backstage then and also throwing down the gauntlet to us to say we will match your ambition if you’ve got it, Tom we have that ambition.

From our local leaders to housebuilders to investors.

For the part you’re playing in all of this.

And I’m here, today, to tell you that there’s more to come…

… As we get Britain building again as part of our Plan for Change.

I said last year that we would deliver this change.

New homes, new infrastructure projects, jobs, higher living standards, strong communities and a strong economy.

And I said that we would deliver this by working in partnership.

By backing you to build, invest and succeed.

So that our country and that is what we can do together to succeed.

Last year, I told you about a new development that I had just visited in my own constituency.

That delivered 62 much-needed new social and affordable homes.

For families in my community who needed them.

I told you what that development meant to me.

[Political content removed]

Because our vision is not just building houses, but it’s building homes for people of our country.

And building the communities in which they live.

We have a target to build 1.5 million homes this Parliament.

As most of you in this room know I’m a straight talker, so I’ll say it straight.

I know that target is stretching.

[Political content removed]

But I won’t shy away from the challenge.

It’s desperately needed after years of failure.

But I also want to be clear that our vision for housing is about so much more than hitting one target.

We must continue building well beyond this Parliament.

These must be well-designed, decent homes for local people.

And they must come alongside the GP surgeries, schools and parks they need too.

So, how will we know we’re succeeding?

Firstly, if we get more and more homes – in every part of the country, including here in West Yorkshire – built long into the future too.

We can’t just ramp-up housebuilding over the next few years.

Secondly, if more people have a home they can afford.

And we bring crippling costs down.

Thirdly, if we’re ensuring all homes are safe, secure and warm.

And we’re driving down bills for working people.

And finally, if we’re tackling the shameless homelessness crisis that is destroying the life chances of so many.

Now this will demand huge ambition.

And I am ready to meet it.

Already, we are creating the right conditions for building.

Ensuring smarter regulation for planning.

And pro-growth and pro-building policy.

We’re also working in partnership with you –

Investors, industry…

… The builders of our great nation.

And I want to see new players, entrepreneurs and disruptors flourish.

Small and medium enterprises, community-led housing projects and Councils who can disrupt the market for the better.

Radically changing what we build, and who builds it.

And transforming the system.

To make it more diverse and innovative.

Capable of not just delivering more homes, more quickly.

But delivering secure, affordable and decent homes – for everyone, everywhere…

And homes that will stand the test of time.

I say that I don’t shy away from the scale of the crisis facing us.

Because it is monumentous.

There’s barely a family in this country hasn’t been affected by it.

The dream of home ownership has been snatched away from a generation.

Just over 1.3 million people languish on waiting lists for social housing.

It is a scandal we have over 160,000 children in temporary accommodation.

Their lives have been held back.

Our country is being held back.

I know, from my own experience, how much having a secure, affordable home matters.

Alongside decent work and a strong community.

These were the foundations on which our parents and grandparents built good lives.

But which are now just not there for too many working people.

This is not just taking a personal toll, but it’s taking an economic one too.

Because growth and development go hand in hand.

Unlocking decent jobs, vital infrastructure and supporting our local economies.

Which in turn delivers the growth that is so needed to improve living standards and revitalise our public services.

Yet, I’ve heard from so many people since coming into office, how the system just stopped working.

Desperate families failed.

Local leaders feeling powerless to act.

Developers navigating a complex system.

This is not a series of crises.

But the symptoms of a broken system.

And so, nothing less than action everywhere will do.

It’s a momentous challenge – but we will meet this moment.

And in our first ten months of Government that is what I set out to do.

We said getting shovels in the ground was crucial.

And so, I wasted no time in turning the pages on years of decline.

With unwavering action to reverse the tide and get Britain building again.

We reintroduced local housing targets.

[Political content removed]

We set out and consulted on a new pro-growth, pro-supply National Planning Policy Framework within our first three weeks in Office.

Unlocking brownfield and grey belt land for development.

And before the summer was out, we started getting stalled sites moving again through our New Homes Accelerator.

We’re pressing ahead with the hugely ambitious Planning and Infrastructure Bill.

To speed up the delivery of new homes and critical infrastructure.

With innovative reforms like our Nature Restoration Fund to unblock building.

While creating a win-win for nature and development.

As well as plans to modernise planning committees and bring in a new system of strategic planning.

Changes which could add up to £7.5 billion to the UK economy over the next decade.

The New Towns Task force is also hard at work on its recommendations for sites.

We’ve committed £3bn of support to small to medium enterprises and the build to rent sector, to access cheaper lending.

And as part of our commitment to building 1.5 million homes this Parliament…

…We’ll deliver the biggest wave of affordable and social housing in a generation.

And we’ve already topped up investment by £800 million.

As well as a £2 billion top-up funding next year.

With more to come at the Spending Review.

And that’s not all.

Our landmark Renters’ Rights Bill was introduced within our first four months.

Banning no fault evictions and giving the millions renting more security.

In November, we also set out our blueprint to ending the feudal leasehold system.

And earlier this year we published our Commonhold White Paper.

Giving leaseholders more say and power over their homes and lives.

And we’re empowering mayors through our devolution revolution.

Because the homes we build must deliver for people in all corners of our country.

This is the biggest shift of power from Whitehall to our town halls in a generation.

That was why I was delighted to celebrate the launch of The Great North last night. Not just because I am a northerner.

The North’s mayors coming together to herald a new era of Northern cooperation.

Showing what’s possible when we work together.

And we’re already seeing green shoots of this coming through.

Today Homes England has announced it’s delivering thousands more homes across the country compared to last year.

But this is just the start.

Because I know that there is so much more that still needs to be done.

As I’ve said, our planning reforms are a game-changer.

But we know that there must also be a renewed focus on social housebuilding.

I’m committed to resetting the foundations of the sector.

And to give the sector stability and confidence to invest in the future.

It’s also why we have made planning changes to support affordable housing too.

And we’ve helped Councils to borrow sustainably from the Public Works Loan Board.

Extending the preferential rate for council housebuilding to the end of 2025-26.

And we’ll shortly be confirming future regulatory standards.

To ensure that homes are safe, decent and warm.

And that social housing tenants are treated with the respect that they deserve.

Whilst also giving the sector the certainty to invest for the future.

I’m committed to this Council housebuilding revolution.

And not just because social and affordable housing are a nice add-on.

But because it’s essential to ensuring homes are built – and more quickly.

Because we know developments with a mix of housing build out faster.

And that affordable homes are the vital ingredient to unlocking private housebuilding too.

Partnerships between housebuilders and the public sector – like Vistry’s partnerships model…

And the projects between Homes England, Muse and Pension Insurance Corporation that are delivering 100% affordable sites in Bradford and Wakefield.

And are adding greater diversity, ensuring we meet the needs of local communities.

And I want to see these continue.

And more partnerships like them too.

We also want to see smaller housebuilders playing a bigger role.

Both in terms of who builds our homes and the types of homes they build.

They already make a significant contribution on smaller brownfield sites.

Building out faster than is often possible on larger and more complex sites.

So, we’re backing them to reclaim their rightful place as the backbone of housebuilding.

But a diverse housing market also depends on a workforce that’s fit for the future.

And so, we’re working closely with the construction sector to improve skills.

And job opportunities across the country.

The Chancellor has already announced £600 million to recruit an extra 60,000 construction workers by 2029.

And I’m proud to be joining the inaugural meeting of the Construction Skills Mission Board with Mark Reynolds from Mace. This industry-led group will bring together the whole sector to invest in UK plc, and oversee industry plans to recruit 100,000 more workers per year by the end of the Parliament, securing the next generation of construction workers.

It’s also why we’re also plugging capacity back into local planning authorities.

Making funds available to hire 300 new planners.

And through reforms to our Planning and Infrastructure Bill, letting Councils set their own planning fees.

And ringfencing this money to reinvest in planning.

Today, we don’t have to look too far afield for inspiration.

Just round the corner from this hall, the Leeds College of Building – the UK’s only specialist construction college – is training the next generation of workers.

And when it comes to who will drive delivery, our Mayors will be key.

With the powers we’re handing them, they will be critical to powering regional growth.

They’ve already achieved so much.

South Yorkshire’s on course for 20,000 new homes over the next 20 years.

In West Yorkshire, Mayor Brabin has helped get shovels in the ground on the Dyecoats project where 1,600 new homes will be built.

In Greater Manchester, there’s a strategic place partnership with Homes England that’s supporting 10 councils with 13 projects.

And in the North-East, Mayor McGuinness is supporting the delivery of 100 new family homes – including council housing – as part of a regeneration project in East Durham.

And, just last week, Mayor Parker in the West Midlands, announced 300 affordable homes on the site of the former Yardley Sewage Works…

… Including 150 for social rent.

And going forward, we want to forge a stronger partnership between Mayors and Homes England.

Moving Homes England to a more regionalised model, over time.

This is Britain [Political content removed].

Open to building.

Open for business.

And delivering for working people.

So we give people the security and control they deserve.

Regardless of whether they rent or they own their home.

Or are in the private or social rented sector.

We have big changes in the pipeline.

Disrupting, diversifying and transforming the housing market.

So that it delivers for working people.

Big changes that mean big opportunities for investment and growth.

I urge everyone across the whole system to seize them with both hands.

To investors, I say: there are an exciting array of opportunities. Tom spoke about them.

To our housebuilders, we have listened and we’re reversing the tide to create the right conditions.

But now we need you to build, build, build.

To our mayors, I say don’t hold back.

Take control of planning to drive the growth across housing, transport and skills.

Our councils, too, must raise their game with up-to-date Local Plans.

And work together with housing associations to build a new generation of social housing.

Because the days of business as usual are over.

It’s time to fight for a brighter, more ambitious future for our country.

And what better inspiration than Clement Attlee’s 1945 Labour Government.

Out of the ruins of war, he built homes for heroes.

And as we mark its 80th anniversary, it’s time to recommit ourselves to delivering in the same spirit.

This is how we’ll unleash the growth and opportunities we all want to see.

It’s how we will rebuild the foundations of a good life for everyone.

And it’s how we will deliver for working people.

Thank you.

Updates to this page

Published 20 May 2025

MIL OSI United Kingdom –

May 21, 2025
MIL-OSI USA: Testimony Before the United States House Appropriations Subcommittee on Financial Services and General Government

Source: Securities and Exchange Commission

Chairman Joyce, Ranking Member Hoyer, and members of the Subcommittee. Thank you for inviting me to testify today.[1]

I am grateful for the opportunity to discuss the SEC, including our important mission on behalf of our fellow citizens, investors, and taxpayers. I also appreciate the opportunity as well to speak to some of my priorities as Chairman.

Four weeks ago today, I was sworn in by Secretary of the Treasury Scott Bessent in the Oval Office with President Donald Trump; my family was by my side. I am honored by the trust and confidence that the President and the Senate placed in me to lead the SEC.

As I testify before you, this is my 20^th working day as Chairman. I have returned to the SEC where I was a Commissioner from 2002 to 2008. In that time, I advocated for greater transparency at the agency and emphasized robust cost-benefit analysis when considering new regulations. I also previously served on the staff of two SEC chairmen—Richard Breeden, appointed by President George H.W. Bush, and Arthur Levitt, appointed by President Bill Clinton.

With my fellow Commissioners, Congress, and SEC staff, I look forward to working to ensure that the United States is well-positioned to seize on the new excitement for investment and economic opportunity that President Trump’s leadership and pro-growth policies have inspired.

SEC Mission

First and foremost, it is a new day at the SEC. I am determined that we return to our core mission that Congress set for us more than 90 years ago.

The SEC’s three-part mission was enunciated by Congress in the Exchange Act: protecting investors; facilitating capital formation; and maintaining fair, orderly, and efficient markets.

Investor protection is vital to our mission—holding accountable those who lie, cheat, and steal. The SEC will remain vigilant in our important role to ensure that investors have confidence to participate in the markets.

Capital formation is also at the root of what we do—fostering a direct, economical route for investors’ capital to find its way to entrepreneurs and industry to create products and services. This engine of growth employs people, helping them to work and save to achieve their dreams.

The third core part of our mission is maintaining fair, orderly, and efficient markets. Congress calls on the Commission to ensure that our regulations balance costs and benefits, that they do not become too burdensome by adding needless friction to the marketplace, undermining the capital formation that yields so much benefit.

During my tenure as chairman, the SEC will not stray from this core three-part mission.

My time in public service and the private sector, both earlier in my career and more recently, has allowed me to see firsthand how regulations affect markets and investors. They can stoke innovation, facilitate investment goals, and create opportunities—or burdens—on businesses’ ability to compete and serve their customers.

How we implement regulations at the SEC is crucial; it is one thing to write a regulation, quite another for it to achieve its intended goal. Regulation should be smart, effective, and appropriately tailored within the confines of our statutory authority.

It takes market experience and focused application to ensure that customers and investors of financial services firms benefit from efficient, effective, and well-designed regulation. Our goal at the SEC must be to facilitate those efforts, analyze their effectiveness, and use our enforcement power to cure and rectify wayward actions.

In short, clear rules of the road benefit all market participants.

The SEC is returning rulemaking to regular order. Our comment periods will not be artificially short, and the public will have ample time to provide feedback. The SEC will also be sure to take into consideration how rules overlap and how regulatory burdens build, in keeping with our obligation to consider their costs and benefits. The SEC also looks forward to working with the Office of Information and Regulatory Affairs on our rulemaking.

I am grateful to Commissioner Mark Uyeda for his stewardship of the agency as acting Chairman of the SEC from January to April, a very productive three months.

During this transition, he brought clarity to some urgent policy issues that we faced in the courts and some organizational issues as the new Administration came into office.

He established the Crypto Task Force together with Commissioner Pierce, which has worked with staff to provide necessary guidance to the industry. He normalized the agency’s stance regarding materiality of disclosure requirements to comply with Supreme Court rulings and backed agency actions to extend certain compliance dates and remove personally identifiable information (PII) from the Consolidated Audit Trail (CAT).

As we look ahead, I am confident in the direction of our work. My experience over the decades will naturally inform my approach as Chairman.

The Commission will focus on providing meaningful pathways for entrepreneurs to obtain the capital that they need to execute their innovative ideas and grow their companies in both the private and public markets. At the same time, investors that provide such capital must be able to continue to depend on effective enforcement against fraudulent activities.

Digital Assets

From 2017 until my nomination, I worked to help develop best practices for the digital assets industry and saw firsthand how ambiguous or nonexistent regulations in this space created uncertainty and inhibited innovation. That lack of regulatory framework also invites fraud.

A key priority of my Chairmanship will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law. Clear rules of the road are necessary for investor protection against fraud—not the least to help them identify scams that do not comport with the law.

Policymaking will be done through notice and comment rulemaking not through regulation-by-enforcement. The Commission will utilize its existing authorities to set fit-for-purpose standards for market participants. The Commission’s enforcement approach will return to Congress’ original intent, which is to police violations of these established obligations, particularly as they relate to fraud and manipulation.

This undertaking requires coordination across multiple offices and divisions within the Commission, which is why I am pleased that Commissioner Uyeda and Commissioner Hester Peirce have worked together to establish the Crypto Task Force. For too long, the Commission has been hindered by policymaking silos. The Crypto Task Force exemplifies how our policy divisions can come together to expeditiously provide long-needed clarity and certainty to the American public.

I am confident that Commissioner Peirce, known for her principled and tireless advocacy for common-sense policy, is the right person to lead the Crypto Task Force’s effort to come up with a rational regulatory framework for crypto asset markets.

The task force has held four roundtables so far on further defining security status, tailoring regulation for crypto trading, custody considerations, and tokenization. I look forward to the input from industry and additional public feedback during the next roundtable on decentralized finance.

This is important work. Entrepreneurs across the United States and around the world are harnessing blockchain technology to modernize aspects of our financial system. I anticipate benefits from this market innovation for efficiency, cost reduction, transparency, and risk mitigation.

SEC Commissioner Roles

In addition to Commissioner Peirce’s continued leadership of the Crypto Task Force, I have asked Commissioner Uyeda to be our “ambassador” to the International Organization of Securities Commissions (IOSCO). Commissioner Caroline Crenshaw has agreed to take on the SEC’s administrative law proceedings framework and the procedures in adjudications used by our administrative law judges in light of Supreme Court rulings that oblige us to rethink and reform this area.

SEC Staff Numbers

The SEC’s Offices and Divisions have decreased headcount by 15% since the beginning of the current fiscal year. Many of our colleagues at the SEC elected to take advantage of the Administration’s Fork in the Road, Voluntary Early Retirement Authority (VERA) or Voluntary Separation Incentive Payments (VSIP). Some left to pursue other opportunities. These departures leave vacancies that in many cases need to be filled. When I left the agency in 2008, we had approximately 3,600 employees. At our height a year ago, we had approximately 5,000 employees plus 2,000 contractors. Today we are at approximately 4,200 employees and 1,700 contractors.

Reorganization

Under Acting Chairman Uyeda, the reporting lines in the Divisions of Enforcement and Examinations were realigned to better reflect each Division’s national programs to improve efficiency, management, and oversight of the Divisions. There will be targeted, common-sense reorganizations to come at the SEC. To start, I am seeking approval from Congress to disband what is known as agency’s Strategic Hub for Innovation and Financial Technology (FinHub). Innovation should be ingrained into the culture SEC-wide and not limited to a relatively small office. Established in 2018, FinHub was created during a critical period of emerging technologies. The rapid development of distributed ledger technology, including digital assets, artificial intelligence, and machine learning, required a centralized effort to build understanding at the SEC. The principles and priorities under which it was established are being integrated into the very fabric of the SEC.

Technology Review and Optimizing Efficiency

We have begun a process to review our technology infrastructure and our contractual obligations. This review is long overdue—call it a spring cleaning and reassessment of contracts, especially regarding information technology.

We publicly announced last week that the Commission determined that certain masked data fields on publicly available reports on Form N-PORT submitted between Feb. 3, 2025, and May 8, 2025, were inadvertently made public on the SEC’s EDGAR system. This was the result of a software update effective Feb. 3. The masking error has been corrected and did not affect Form N-PORT filings made after May 8, 2025.

This situation is not acceptable. I have directed the initiation of a comprehensive review of the EDGAR system to ensure for data integrity. We need to evaluate what we have, where our vulnerabilities are, and how we can shore up and improve our systems. We will work on optimizing our efficiency and eliminating redundancy.

SEC Regional Offices and Leasing

The SEC has 10 regional offices across the country. In late February, the GSA informed the SEC that it would terminate leases utilized by the SEC’s Los Angeles Regional Office and the Philadelphia Regional Office. Discussions with the GSA and the landlords are ongoing, and I will keep this committee apprised of those developments. In the meantime, the leases are in their “soft term” and are not terminated.

I firmly believe in the SEC’s regional office concept. We cannot and should not have all of the SEC’s staff in Washington and New York. Risk management, human resource development, and practicality for our examination teams –as one example – provide ample reinforcement for the need to maintain these offices.

SEC Funding

The SEC’s budget is set through the Appropriations process. Fees on securities transactions that the SEC collects provide an offset. The annual collections–fees paid by SROs based on the aggregate dollar amount of securities sales–go to the Treasury’s general fund.

On April 8, 2025, the SEC announced that starting on May 14, 2025, the fee rates applicable to most covered sales would be set at $0 per million in securities transactions.[2] The Commission determined this new rate in accordance with Section 31 of the Securities Exchange Act of 1934.

The Commission collected its entire fiscal year 2025 appropriation before the new fee rate of $0 per million became effective on May 14. The prior fee rate was $27.80 per million. The Commission is required to set the fee rate to a level that generates fees equal to the Commission’s appropriated amount, so no further collections for fiscal year 2025 are required.

The Commission will continue to keep this committee, and the public, informed of developments relating to fees on the SEC website.

Conclusion

As I said at the outset of this testimony, it is a new and brighter day for the SEC.

We will work with our colleagues in the Administration, especially other financial services regulators, and with Congress to bolster the economy and build on U.S. leadership of the global markets.

This is a pivotal moment for our economy. Entrepreneurs, businesses, and individuals here at home and across the globe are eager to invest in America.

This SEC will work to protect investors from fraud, keep politics out of how our securities laws and regulations are applied, and advance clear rules of the road that encourage investment in our economy to the benefit of all Americans.

This SEC will work to ensure that regulations promote capital formation rather than stifle it. We will work together to ensure American investors get disclosures that actually help them understand the true risks of an investment.

This SEC will make every effort to ensure that the U.S. is the best and most secure place in the world to invest and do business. Americans should always have utmost confidence when investing their hard-earned dollars to save and provide for their future and the future of their families.

Thank you.

[1] The views expressed in this testimony are those of the Chairman of the U.S. Securities and Exchange Commission and do not necessarily represent the views of the President, the full Commission, or any Commissioner.

MIL OSI USA News –

May 21, 2025
MIL-OSI: Standard Premium Reports Record Profitability for FY 2024 and Q1 2025, Signaling Continued Growth
Source: GlobeNewswire (MIL-OSI)

MIAMI, May 20, 2025 (GLOBE NEWSWIRE) — Standard Premium Finance Holdings, Inc. (“Standard Premium”) (OTCQX: SPFX), a leading specialty finance company, announces record-breaking profitability across its latest financial reporting periods. In fiscal year 2024, net income rose 84.1% year-over-year and total revenues exceeded $12.1 million, a 24.9% increase over 2023. In Q1 2025, the Company delivered its strongest single-quarter performance, including 230% increase in earnings per share and 82.7% rise in net income compared to the same period in 2024.

“This level of profitability reflects the strength of our business model, discipline of our team and long-term potential of the specialty finance sector,” says William Koppelmann, CEO, Standard Premium. “We focus on customer service and scaling strategically while delivering consistent value to shareholders.”

Financial highlights:

FY 2024:
- Revenue: $12.1 million (up 24.9%)
- Net Income: $980,000 (up 84.1%)
- Earnings Per Share (Basic): $0.29
- Loan Originations: $149 million (up 14%)
- Return on Equity: 16.6%
Q1 2025:
- Net Income: $336,000 (up 182.7%)
- Earnings Per Share (Basic): $0.10 (up 230%)
- Return on Equity: 20.99%
- Operating expenses reduced 7.8% year-over-year
Standard Premium maintains continued growth using strong fundamentals, including payment of preferred dividends and improved returns on equity and assets. Lower borrowing costs and disciplined expense management contributed to bottom-line growth.

“Standard Premium is positioned to lead with innovation, operational discipline and proven ability to scale profitably,” Koppelmann adds. “We remain committed to delivering long-term value by expanding our footprint, investing in technology and pursuing growth opportunities that align with our strengths.”

About Standard Premium Finance Holdings, Inc.
Standard Premium Finance Holdings, Inc. (OTCQX: SPFX), is a specialty finance company which has financed premiums on over $2 Billion of property and casualty insurance policies since 1991. We currently operate in 38 states and are seeking M&A opportunities of synergistic businesses to leverage economies of scale. https://www.standardpremium.com/

Cautionary Statement Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and 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 with regard to our anticipated future growth and outlook. Our actual results may differ from expectations presented or implied herein and, consequently, you should not rely on these forward-looking statements as predictions of future events. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in events, conditions or results.

Additional information concerning risk factors relating to our business is contained in Item 1A Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2025, which is available on the SEC’s website at www.sec.gov or on the Investor Relations section of our website, standardpremium.com.

Media:
Nicholas Turchiano
CPR Marketing
nturchiano@cpronline.com
201-641-1911×35

The MIL Network –
May 21, 2025
MIL-OSI Economics: NEW REPORT: Clean Energy Manufacturing Driving Next Chapter of U.S. Economic Prosperity

Source: American Clean Power Association (ACP)

Headline: NEW REPORT: Clean Energy Manufacturing Driving Next Chapter of U.S. Economic Prosperity

Clean power manufacturing contributes $18 billion to GDP annually and supports 122,000 American jobs
Projected to contribute $86 billion to GDP annually and support over 575,000 jobs by 2030
Investments are concentrated in rural communities and 73% of active facilities are in Republican states

PHOENIX, AZ, May 20, 2025 – Today at CLEANPOWER 2025, the American Clean Power Association (ACP) released its State of Clean Energy Manufacturing in America report, showing a significant and sustainable ripple effect across states and economic sectors. The clean power manufacturing sector currently contributes $18 billion to U.S. GDP annually, spurs $33 billion in domestic spending annually, and supports 122,000 American jobs across the country.
If all announced manufacturing facilities become operational, clean power manufacturing is projected to support over 575,000 jobs and contribute $86 billion annually to GDP by 2030.
“Surging clean energy deployment is creating new manufacturing facilities across the country. This success will create hundreds of thousands of jobs and revitalize American communities if policy leaders place economic progress over partisan division,” said Jason Grumet, CEO of ACP. “Today’s report shows that the manufacturing activities across the clean energy sector drive a ripple effect of economic growth that extends far beyond factory walls, reaching every corner of the country. Reshoring this critical supply chain requires a shared commitment by both industry and policymakers to prioritize domestic economic growth and global competitiveness.”
Clean Power Manufacturing Driving U.S. Economic Boom
The report illustrates how the industry has laid the groundwork for a secure domestic supply chain, revitalizing manufacturing communities and driving American competition on the global stage.

Over 800 manufacturing plants currently contributing to the U.S. clean energy supply chain, with at least one in every state.
200 existing manufacturing facilities are actively building primary clean power components across 38 states to supply the booming demand for new energy in America.

Creating Generational Opportunities for Local Communities
New data highlights how clean power manufacturing is creating generational opportunities at the local level, providing opportunities across skillsets, industries, and generating wages well above the national average.

Clean energy manufacturing is booming in regions across the country, such as the Southeast, Midwest, and in states like Texas.
The clean energy manufacturing workforce made on average $42,000 more than the average worker in the U.S. economy in 2024.

These manufacturing jobs also generate additional employment across the economy: Upstream supply chain jobs paid an average of $75,000, while downstream jobs supported by household spending—such as those in retail, food service, and hospitality—averaged about $52,000.

Driving US Competitiveness and Global Leadership
The industry’s investments are critical to international competitiveness and innovation, positioning the U.S. as a global leader and strengthening our energy security.

America’s power needs are growing fast—projected to rise 35–50% by 2040—as data centers expand, domestic manufacturing rebounds, and our transportation and buildings electrify.
Energy manufacturing processes are considerably complex and capital intensive, often requiring multiple intricate steps, specialized equipment, and expertise. This intricacy often comes with trade exposure or a series of imports and exports before the final energy component is ready for installation.
A resilient, American-made supply chain for clean energy technologies makes the economy stronger, the country’s energy more secure, and serves as the foundation for innovation and growth.

The Path Forward
There are 200 manufacturing facilities in the pipeline representing over $150 billion of investment. If all announced facilities become operational by 2030, the impact could be transformative.

Clean power manufacturing could support over 575,000 jobs
Generate over $40 billion in earnings
Contribute $86 billion to the GDP
Add $164 billion in output to the economy annually

Employment from existing and planned facilities by 2030 by region is projected to be:

Northeast: 4,300+
Mid-Atlantic: 123,000+
South: 172,000+
Midwest: 86,000+
West: 173,000+

Policy and Business Certainty Critical to American Manufacturing Leadership
The report details how these economic and job benefits have largely been made possible because of federal clean energy tax credits enacted in 2022. The report calls on policymakers to build on this historic American manufacturing legacy with a suite of targeted policy tools to continue the momentum. They include:

Preserving energy tax credits (45X, 45Y, 48C, 48E)
Creating a stable and strategic trade environment
Facilitating a true all-of-the above energy strategy
Streamlining permitting to benefit American manufacturers and their customers
Ensuring critical minerals policy appropriately leverages demand from downstream domestic clean energy manufacturers.

To read the full report, click here.

MIL OSI Economics –

May 21, 2025
MIL-OSI United Kingdom: Mayor welcomes EY new office at Ebrington

Source: Northern Ireland – City of Derry

Mayor welcomes EY new office at Ebrington

20 May 2025

Mayor of Derry City and Strabane District Council, Cllr Lilian Seenoi Barr has warmly welcomed the official opening of EY’s new office in the Ebrington Plaza. Mayor Barr said it was a significant business investment and highlighted the growing appeal of Derry and the wider North West region as a vibrant business hub.

She acknowledged that this investment also marks a crucial step in EY’s ambitious expansion plans across Northern Ireland.

EY, a leading global professional services organisation, supports businesses across a diverse range of industries and sectors, offering expertise in areas such as Audit, Corporate Finance, Tax and Law, Consulting, AI, and Data Analytics. The establishment of this new location will accommodate up to 120 professionals, a blend of newly recruited talent and existing EY Northern Ireland staff.

Mayor Barr said: “This is a truly significant day for our city. The arrival of a globally recognised firm like EY to Ebrington Plaza is a powerful vote of confidence in the talent and potential that Derry Strabane and the wider North West region has to offer. This investment will not only create valuable, high-quality jobs but will also enrich our local business ecosystem by bringing in a wealth of expertise and opportunities.”

“The new office in Derry will play a vital role in EY’s broader strategy to strengthen its regional presence within Northern Ireland. Furthermore, it reinforces EY Northern Ireland’s commitment made at the Northern Ireland Investment Summit in September 2023 to generate 1,000 new jobs across the region over the next five years.

“Derry City and Strabane District Council is delighted that EY has chosen Derry as a key location for their expansion. Their commitment to creating new jobs and delivering market-leading services from this base aligns perfectly with our city’s ambitions for economic growth and prosperity set out in our Strategic Growth Plan. We look forward to a strong and collaborative partnership with EY as they embed themselves in our community.”

The Mayor added: “This significant investment by EY in our city is fantastic news for the people of the North West. It will deliver a wide range of exciting job opportunities right here in Derry, whether you’re just starting your career or looking to take the next step. This commitment truly highlights the immense talent we have coming through our local schools, the North West Regional College, and Ulster University, ensuring a bright future for our community.”

The Mayor concluded by wishing EY every success in their new venture at Ebrington Plaza and reiterated the city’s commitment to supporting their growth and integration into the local business landscape.

MIL OSI United Kingdom –

May 21, 2025
MIL-OSI: AI is a Ticking Time Bomb for Your Data, Reveals New Report From Varonis
Source: GlobeNewswire (MIL-OSI)

MIAMI, May 20, 2025 (GLOBE NEWSWIRE) — A new report from Varonis reveals 99% of organizations have sensitive data exposed to AI. The State of Data Security Report: Quantifying AI’s Impact on Data Risk examines how much sensitive information is exposed and vulnerable to AI tools due to misconfigurations, overly permissive access, and other data security gaps.

“The productivity gains of AI are real — and so is the data security risk,” said Varonis CEO, President, and Co-Founder Yaki Faitelson. “CIOs and CISOs face enormous pressure to adopt AI at warp speed, which is driving the adoption of data security platforms. AI runs on data, and taking a data-centric approach to security is critical to avoid an AI-related data breach.”

Varonis analyzed data risk assessments from 1,000 organizations — providing empirical evidence of risk, not conclusions based on AI readiness surveys and polls. The dataset included nearly 10 billion cloud resources — over 20 petabytes of data — within popular IaaS and SaaS applications and services, including AWS, Microsoft Azure, Google Cloud, Box, Salesforce, Microsoft 365, Okta, Databricks, Slack, Snowflake, Zoom, and many others.

In the organizations examined, Varonis found:
- 99% have sensitive data unnecessarily exposed to AI tools.
- 90% of sensitive cloud data, including AI training data, is open and accessible to AI tools.
- 98% have unverified apps, including shadow AI, within their environments.
- 1 in 7 do not enforce MFA across SaaS and multi-cloud environments.
- 88% have ghost users lurking in their environments.
Get the State of Data Security Report: Exposing Data at Risk in the Age of AI.

Additional Resources:

About Varonis
Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, and insider risk management.

Varonis protects data first, not last. Learn more at www.varonis.com.

Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
investors@varonis.com

News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
pr@varonis.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0989355e-d00a-4995-af49-2693bb46ad1b

The MIL Network –
May 21, 2025
MIL-OSI: Helix and Avalanche Announce $100M Commitment to Support Fusion, A New Framework for Blockchain Economies Focused on Real-World Outcomes

Source: GlobeNewswire (MIL-OSI)

The initiative supports new Layer 1 networks and on-chain services designed for practical applications across sectors such as AI, healthcare, and decentralized infrastructure

LONDON, May 20, 2025 (GLOBE NEWSWIRE) — Helix and Avalanche, with support from Faculty Group, today announced the launch of Fusion, a community-led initiative built to accelerate the creation of outcome-driven, domain-specific blockchain economies. Leveraging an innovative economic model to drive ecosystem coordination, Fusion enables developers, businesses, and protocols to access modular, programmable networks that deliver measurable real-world value.

“Fusion is about unlocking the next chapter of blockchain adoption,” said Fusion Core Contributor David Post. “We’re building a framework that goes beyond experimentation – enabling scalable, sector-specific solutions with real-world impact and value. By combining Avalanche’s performance with a powerful suite of modular services, Fusion gives builders the tools they need to deploy meaningful applications and connect them to a thriving, interoperable ecosystem.”

Fusion features a two-layer architecture: Composers, independent Layer 1 blockchains tailored for specific sectors like AI, decentralized science (DeSci), and decentralized physical infrastructure networks (DePIN), and Modules, plug-and-play services like compute, stablecoins, and biometric data that support Composers. Each Composer offers accessible SDKs and APIs, allowing developers to integrate services, deploy applications, and execute tasks.

Modules are an interoperable set of building blocks that can be combined through composers to create value for end users. This includes oracles for real-world data (e.g., weather, sports, commodities), financial services like asset swap platforms and treasury tools, identity verification, decentralized data storage, and reputation systems that offer users loyalty benefits or exclusive access via NFTs.

Fusion’s architecture is built on Avalanche’s high-performance stack, leveraging the C-Chain for fast, EVM-compatible smart contract execution and Interchain Messaging (ICM) for secure, efficient communication between composers and other Layer 1s. This ensures seamless interoperability and scalability across the ecosystem.

“Fusion equips developers with the tools they need to build impactful, real-world applications on live blockchain networks,” said Nicholas Mussallem, CEO of AvaCloud. “While AvaCloud streamlines Layer 1 network creation, Fusion enhances these networks once they’re operational. This initiative combines the best tools for scaling blockchain technology, creating tangible value, and driving widespread adoption across industries.”

Fusion is supported by $100 million in resources allocated to existing Avalanche programs – including Multiverse, Retro9000, InfraBUIDL and InfraBUIDL AI – to catalyze a new wave of ecosystem development. These funds will accelerate the launch of Composers in real-world verticals, support foundational Modules that provide critical infrastructure and services, and incentivize developers and builders to integrate Composer APIs and SDKs into practical, outcome-driven applications.

The initial Fusion ecosystem includes composers like Life Network, which helps healthcare institutions deploy AI-driven solutions for disease-specific use cases, such as stroke prevention. Other Composers include Kite AI, a decentralized AI model platform, and Tayga, focusing on DePIN resources. Fusion plans to launch additional composers in areas such as RWAs, Identity, and Defi in the near future along with convening best in class Modules through partners like QuickNode and Space and Time.

About Helix

Helix is a thesis driven advisory and incubation platform whose principals serve as fractional founders for the companies they partner with, helping drive all aspects of the business. Helix collaborates with Web 3’s top venture funds, projects, and blockchains to build industry leading ecosystems and scale category defining projects.

About Avalanche

Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future.

Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.

About Fusion

Fusion is a community-led initiative supported by Ava Labs and led by a consortium of leading VCs, builders, and innovators from Avalanche Ecosystem that transforms how value is created and distributed. Through its innovative architecture of Composers (purpose-built Layer 1s) and Modules (plug-in services), Fusion enables developers to compose vertical-specific economies that reward measurable impact rather than just activity.

Fusion is already powering breakthrough applications across AI, physical infrastructure, and healthcare, creating productive economies that deliver genuine utility while ensuring all participants benefit from aligned economic incentives. Fusion does more than settle transactions, it coordinates outcomes.

Contact:
David@helix3.xyz
Founder of Helix
David Post

Avalanche
PR lead:
Kaitlin.starcher@avalabs.org
Kaitlin Starcher

Disclaimer: This is a paid post and is provided by Helix. 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/8aac7e54-401a-4a9c-bbc7-171d3fef0400

The MIL Network –

May 21, 2025
MIL-OSI: PenderFund Capital Management Welcomes Greg Taylor as Chief Investment Officer

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) — PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that Greg Taylor, CFA, has joined Pender as our Chief Investment Officer effective today.

Greg brings over two decades of investment experience to Pender. Since 2017, he has served as CIO and Portfolio Manager at a Toronto-based asset management firm. Prior to that Greg was a Senior Portfolio Manager at LOGiQ Asset Management, a position he also held at Front Street Capital. He started his career at Aurion Capital in 1999 where he managed pension and mutual fund assets. During his tenure at his previous firm, Greg played a key role in growing assets under management from $3 billion to over $24 billion.

Greg was drawn to Pender’s investment-led culture and looks forward to collaborating with our growing investment team across our multi-asset class platform to drive better-than-beta returns for clients. Greg’s primary responsibilities will include leading the investment team, managing portfolios, and overseeing investment risk management.

David Barr, CEO and Portfolio Manager at Pender said, “We are excited to welcome Greg to the team. His deep investment expertise and leadership will enhance our investment capabilities as we continue to grow. His passion for investing aligns perfectly with our firm’s philosophy and long-term vision.”

Greg commented, “I am delighted to be joining Pender at such a dynamic point in its evolution. The next few years are going to be an exciting time for active management, and I think Pender is very well positioned to thrive in this environment.”

In conjunction with Greg’s appointment, Pender will become the sub-advisor of the Purpose Select Equity Fund (the “Fund”), which Greg has managed since its inception in February 2006. This change will take effect on or about May 20, 2025. There will be no changes to the Fund’s investment objectives or strategies.

Felix Narhi was Pender’s CIO from April 2016 (as Co-CIO until April 2017) for over eight years during which time Pender grew assets from approximately $400 million to $3 billion and was recognised with multiple industry awards. In June 2024 he stepped back from the position to return to focusing on his favourite pastime, investing. This dedication to deep research and uncovering new “best ideas” will benefit Pender’s equity portfolios in the years to come.

About PenderFund Capital Management Ltd.
Pender was founded in 2003 and is an independent, employee-owned investment firm located in Vancouver, British Columbia. Our goal is to protect and grow wealth for our investors over time. We have a talented investment team of expert analysts, security selectors and independent thinkers who actively manage a suite of differentiated investment funds, exploiting inefficient parts of the investing universe to achieve our goal.

Please visit www.penderfund.com.

Please read important disclosures at www.penderfund.com/disclaimer.

For further information, please contact:
Melanie Moore
Vice President of Marketing, PenderFund Capital Management Ltd.
mmoore@penderfund.com
(604) 688-1511
Toll Free: (866) 377-4743

Forward-Looking Information

This news release contains certain “forward-looking statements” within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as “expect” or “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements are based on the opinions and estimates of the manager at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.

The MIL Network –

May 21, 2025
MIL-OSI: Organizations race to embed AI into enterprise workflows, EXL study finds
Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) — Organizations are changing the ways they work, sometimes radically, to embed AI throughout their workflows and to scale and maximize ROI, according to new research by EXL [NASDAQ: EXLS], a global data and AI company. A 90% majority of organizations have significantly changed their operating model to accommodate AI, with 39% having completely redesigned how they work. Over the next year, companies expect over half of their processes will include AI.

The second annual EXL Enterprise AI Study: Driving Execution at Scale is based on a survey of 290 C-suite and other senior decision makers across the banking and finance, insurance, retail, utilities, and healthcare payer industries. Its findings shine a spotlight on the massive growth of enterprise GenAI implementations to date but also warn of data quality issues, talent shortages, and other roadblocks that could curtail some of the early progress companies have made as they move deeper into company-wide enterprise AI initiatives.

The following are some of the report’s key findings:
- Confident AI Leaders Emerge: Respondents in this year’s survey are feeling confident in how they’re faring on AI adoption. More than half (54%) believe they are “a little ahead” of their competitors in AI implementation and 22% believe they are “far ahead.” Leaders in the field have been able to create a new operating model by embedding AI into their business workflows. These organizations are capitalizing on AI and are able to effectively manage and make available the data AI needs to excel at scale.
- New Customers, Improved Margins Among Top AI Priorities: Half (50%) of business leaders say that improving ways to target and attract new customers are their top priority for AI technology. Executives also say they hope AI can help them improve margins and profitability (47%) and reduce operating costs (47%).
- Some AI Integrations Stuck in Neutral: While many organizations have quickly adopted GenAI, companies reported AI initiatives across roughly 60% of their enterprise remain stuck in pilot mode. What’s more, some executives fear the speed of these adoptions may soon be interrupted due to talent, user adoption, and data quality obstacles, with 73% of organizations of the belief that improving their data capabilities will present a moderate or significant challenge. Just 30% of respondents said their company’s data is accessible on an enterprise-wide basis.
- Talent Tops Cost as Biggest Barrier to AI Adoption: The biggest single barrier to AI adoption is shortage of talent or skills for AI use (31%), followed by concerns about data privacy and security (30%) and cost or budget constraints (30%).
“The true power of AI can only truly be unlocked when it is seamlessly embedded into workflows—fueled by data that is AI ready, enabled by the right technology and infrastructure and powered by skilled talent,” said Anand “Andy” Logani, chief data and AI officer at EXL. “When executed effectively, it delivers meaningful business value without disruption.”

The full report, 2025 EXL Enterprise AI Study: Bridging Strategy and Operations, can be accessed here.

About EXL

EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

Contacts
Media
Keith Little
+1 703-598-0980
media.relations@exlservice.com

Investor Relations
John Kristoff
+1 212 209 4613
IR@exlservice.com

PDF available: http://ml.globenewswire.com/Resource/Download/4e977a3b-6c39-4444-a5ef-b4859e3e2a1e

The MIL Network –
May 21, 2025

MIL-OSI: Invitation: Boralex to hold Investor Day and present its 2030 Strategy on June 17, 2025

Source: GlobeNewswire (MIL-OSI)

MONTREAL, May 20, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that its 2030 Strategy will be presented at an Investor Day on June 17, 2025, from 10 a.m. to 12:30 p.m., in Toronto.

Financial analysts, investors and the media are invited to attend the conference in person in Toronto or via a live video webcast during which members of Boralex’s senior management will present the various aspects of the 2030 Strategy and financial targets.

Date and time

Tuesday, June 17, 2025, from 10 a.m. to 12:30 p.m. (ET)

To attend the live conference

Webcast link: https://meetings.lumiconnect.com/400-747-683-475

In person in Toronto (analysts, investors and media): please contact Dominique Hamelin (dominique.hamelin@boralex.com) to reserve your place.

Anyone interested in this conference are invited to attend the webcast, which will be broadcast live and available for replay on Boralex’s website at www.boralex.com until July 17, 2026.

Media availability

Members of Boralex’s Executive Committee will be available for media interviews on the afternoon of June 17, 2025, either by telephone or videoconference, to discuss the company’s 2030 Strategy. For more information or to schedule an interview, please contact Camille Laventure, Senior Advisor, Public Affairs and Communications. Her contact details are provided at the end of this press release.

About Boralex

At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to 3.2 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, discipline, expertise and diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.

For more information

MEDIA	INVESTOR RELATIONS
Camille Laventure Senior Advisor, Public Affairs and External Communications Boralex Inc. 438 883-8580 camille.laventure@boralex.com	Stéphane Milot Vice President, Investor Relations and Financial Planning and Analysis Boralex Inc. 514 213-1045 stephane.milot@boralex.com

Source: Boralex inc.

The MIL Network –

May 21, 2025

MIL-OSI: Notification on the transaction concluded by manager in issuer’s securities
Source: GlobeNewswire (MIL-OSI)

Artea Bankas AB, company code 112025254, address of the head office Tilžės str. 149, Šiauliai, Lithuania.

Artea bankas AB has received the notification of the person, closely associated with the manager, on transaction in securities issued by the bank (attached).

Additional information:
Tomas Varenbergas
Head of Investment Management Division
tomas.varenbergas@artea.lt, +370 610 44447

Attachment
- INVL AM_ROE1L_20250519_ENG
The MIL Network –
May 21, 2025
MIL-OSI: Invalda INVL sells part of Artea Bank shares to long-term shareholder

Source: GlobeNewswire (MIL-OSI)

On 19 May 2025, Invalda INVL, the asset management group and the largest shareholder of Artea Bank, sold small part of its stake (2 million or 0.3% of the authorized capital) to remain compliant with the 20% ownership threshold set by the European Central Bank (ECB). Shares were acquired by Algirdas Butkus, the founder and one of the main shareholders of the bank.

“With the ECB’s permission, Artea Bank has bought back its own shares and will cancel them by a resolution of the general meeting of shareholders. Bank’s authorized capital will be reduced accordingly. This could result in our largest shareholder’s stake exceeding the limit set by the ECB. It is important that the shareholding remains among the bank’s core and long-term shareholders, whose confidence inspires us to pursuit results with the new brand,” said Vytautas Sinius, CEO of Artea Bank.

According to the shareholders’ meeting decision of Artea Bank (previously Šiaulių Bankas) on 31 March 2025, the bank will annul 10,597,749 of its shares, reducing its authorized capital to EUR 189,195,680.

After the settlement, the shareholding of Invalda INVL in Artea Bank is 19.9%, the shareholding of Willgrow, the manager of Girteka Logistics is 8.9%, EBRD owns 7.2%, Tesonet Global owns 5.3%, A. Butkus and related parties own 5.4%, G. Kateiva and related parties own 5.0%. The rest of Artea Bank shares is held by institutional and retail investors.

Additional information:
Tomas Varenbergas
Head of Investment Management Division
tomas.varenbergas@artea.lt, +370 610 44447

The MIL Network –

May 21, 2025
MIL-OSI: Bitcoin Pizza Day Meets Trump Dinner: HTX Unveils One Million USDT in Rewards!

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, May 20, 2025 (GLOBE NEWSWIRE) — HTX, a leading global cryptocurrency exchange, is leading the charge in a unique dual celebration on May 22, as Bitcoin Pizza Day coincides with the Trump Dinner. This moment, where history meets the present, is drawing global attention. In celebration of this special occasion, HTX has proudly partnered with diamond sponsors JUST Protocol, SunPump, APENFT, BitTorrent, and WINkLink, alongside platinum sponsors Levva and ChainGPT, to launch a series of Pizza Day-themed promotions across multiple business lines, including Spot, Futures, Earn, and Community, boasting a total prize pool of nearly 1 million USDT. Whether you’re a new or existing HTX user, you’ll discover exclusive opportunities and exciting benefits throughout these events.

Event 1: HTX Pizza Day Celebration: 200,000 USDT in Surprise Gifts with Seven Project Partners

Get ready for Pizza Fest! From May 13 to May 26, HTX is joining forces with seven esteemed partner projects—SunPump, APENFT, JUST Protocol, WINkLink, BitTorrent, Steem, and MEVerse—to deliver a 14-day Pizza Day Celebration packed with over 200,000 USDT in Surprise Gifts. During the event, users can claim daily gifts on the HTX App, distributed at 02:00 (UTC) daily. On May 22 at 12:00 (UTC), Bitcoin Pizza Day, HTX will drop even more Surprise Gifts featuring bigger rewards, distributed in the form of tokens, Cashback Vouchers, Futures Trial Bonuses, Margin Interest Vouchers, and APY Booster Coupons.

* View details: https://www.htx.com/support/105001328825783?invite_code=rdmu6223&inviter_id=11353960

Event 2: Join the Pizza Day Celebration to Discover Four Amazing Benefits and Grab Your Share of $200,000

From May 20 at 10:00 (UTC) to May 25 at 10:00 (UTC), HTX invites both new and existing users to join the four-tiered rewards event and share a total prize pool of up to $200,000. See below for details:

1. New users who sign up and complete any spot, futures, or margin trade during the event will receive a welcome package that includes a 20 DOGE airdrop, APY Booster Coupons for SmartEarn, and Margin Interest Vouchers.

2. Users will receive 15 USDT for their first successful referral. By inviting more friends, they’ll unlock Mystery Boxes worth up to 1,500 USDT each, containing popular cryptos like $BTC, $TRUMP, and $HTX. Additionally, they can earn up to another 1,500 USDT when their invitees reach the trading volume target.

3. Eligible returning users who complete spot trading on HTX will have a chance to win BTC in a lucky draw. Additionally, after funding their USDT-M Futures account, they can earn APY Booster Coupons for SmartEarn.

4. Users who trade designated cryptos in spot or futures, or create spot grid trading strategies, will have a chance to share $30,000 in $HTX.

* View details: https://www.htx.com.co/en-us/mars/activity-center?callId=174728142724462

Event 3: Take the BTC Pizza Day Quiz at HTX Square and Win Your Share of 200 USDT

From May 16 at 02:00 (UTC) to May 23 at 15:59 (UTC), HTX Square is launching a quiz challenge where users can win rewards. Participants who follow HTX Square in the HTX Community and answer all the quiz questions correctly will have the opportunity to share the 200 USDT prize pool.

* View details: https://square.htx.com/btc-pizza-day-celebration-take-the-quiz-win-rewards-2/

Event 4: HTX Earn Bonanza for BTC Pizza Day: Enjoy Up to 10% APY on Popular Assets

Celebrate Bitcoin Pizza Day with the HTX Earn Bonanza from 16:00:00 (UTC) on May 19 to 16:00:00 (UTC) on May 25. HTX is launching this special campaign featuring Earn products for both new and existing users. First-time subscribers at HTX Earn can enjoy New User Exclusive products with 100% APY. All users can subscribe to Fixed, Flexible, and Shark Fin products with 14 designated cryptocurrencies, including USDT, and earn up to 10% APY on HTX Earn. Additionally, participants who meet the net subscription increase requirement will each receive a 5% APY Booster Coupon for the USDT Flexible product.

* View details: https://www.htx.com.ec/en-us/support/95001601423089

Event 5: HTX Affiliates Pizza Day Special: Team Up & Trade with Your Invitees to Win a Full Case of Kweichow Moutai

Celebrate Bitcoin Pizza Day with the limited-time HTX Affiliates Special Event, running from 10:00 (UTC) on May 20 to 10:00 (UTC) on May 25. HTX Affiliates can refer friends to sign up using an exclusive invitation link or code and form a trading team with invitees. Once the team reaches the required trading volume, rewards will be unlocked. The top prize is a 6-bottle case of Kweichow Moutai Flying Fairy.

* View details: https://www.htx.com.de/en-us/support/35001621553884

Event 6: HTX Convert Contest Now Live with 10,000 USDT Up for Grabs

Don’t miss the HTX Convert Contest! It runs from 16:00:00 (UTC) on May 14 to 15:59:59 (UTC) on May 31. Trade designated cryptos on HTX Convert and reach a total trading volume of ≥500 USDT during the event to qualify for a share of the 5,000 USDT prize pool, with the top individual reward of up to 1,000 USDT. Complete 10 or more trades to unlock an additional prize pool — the more trades made, the bigger the share. Additionally, first-time converters on HTX Convert can also join an exclusive 2,000 USDT prize pool for new users, with up to 20 USDT per person available.

* View details: https://www.htx.com.ec/en-us/support/25001446791888

May 22 isn’t just about commemorating Bitcoin’s first “real-world transaction”; it is also a day for the global crypto community to celebrate the growth of the crypto industry and to share in its rewards. To honor this special day, HTX is launching a multifaceted celebration featuring diverse events that boost user engagement, elevate the festive atmosphere, and fully showcase the platform’s dynamic ecosystem.

Pizza’s on the table and the party’s heating up. Join HTX today and experience the biggest crypto event of the year!

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.

For further inquiries, please contact Ruder Finn Asia, glo-media@htx-inc.com.

Disclaimer: This is a paid post and is provided by HTX. 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.
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0fc6cf35-38b5-4b16-8b54-5298d501bfe3

The MIL Network –

May 21, 2025
MIL-OSI Global: How to tackle new strains of potato blight and avoid another great famine

Source: The Conversation – UK – By David O’Connor, Associate Professor, School of Chemical Sciences, Dublin City University

A new aggressive potato blight strain was detected in Wales and eastern Scotland earlier this year. The strain, identified as EU 46, can withstand certain fungicides, making it harder to control. It serves as a stark reminder that nearly 175 years after Ireland’s great famine, this destructive pathogen continues to evolve and endanger crops around the world.

Each year, farmers lose an estimated US$6–7 billion (£4.5-5.2 billion) worth of crops due to this disease. In Europe alone, direct losses and control costs amount to over €1 billion (£800 million) annually. That includes the cost of expensive fungicide sprays that farmers rely on for protection.

In developing countries, the stakes are even higher. Many smallhold farmers lack resources for intensive disease management. In Uganda, potato blight can destroy up to 100% of a farmer’s crop, endangering livelihoods and local food security.

Just as in the Irish famine, dependence on a single crop is risky. When blight strikes these vulnerable communities, the consequences can be devastating.

Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

After decades of research, blight remains hard to defeat, partly due to the pathogen’s remarkable adaptability. Over the years, Phytophthora infestans (late blight) has repeatedly evolved new genetic strains that overcome both chemical fungicides and the resistant potato varieties bred to fend it off.

The newly identified EU 46 strain is just one example of how quickly blight can develop resistance. In this case, tolerating a key fungicide and showing reduced sensitivity to others.

Meanwhile, environmental changes and global trade create opportunities for wind-blown spores to migrate into new regions. All of this means farmers must remain vigilant; what worked against blight last year might not work today.

After the Irish famine of the 1840s, science eventually identified its microscopic culprit and ways to fight it, but innovation didn’t stop there. Today, researchers and farmers are enlisting cutting-edge technology to stay ahead of blight.

One promising tool is real-time spore detection. Devices like the SwisensPoleno, a monitor developed in Switzerland, can constantly scan the air on farms and spot signs of P. infestans spores as they appear.

In Ireland, I’m leading a project testing this technology out on farms. These sensors rely on advanced imaging and AI to tell blight spores apart from other particles, giving farmers an early warning so they can act before the disease spreads.

Potato blight is caused by a pathogen called Phytophthora Infestans.
Elena Masiutkina/Shutterstock, CC BY-NC-ND

Equally, new rapid DNA diagnostics can detect blight more quickly than traditional lab tests which take days to identify new strains. Portable testing kits are bringing diagnostics to the field. My colleagues and I have developed a simple in-field test (like COVID-19 lateral flow tests) that detects specific blight strains from a crushed leaf or air samples in under 30 minutes.

Such tests not only confirm the presence of blight but can tell if the strain is one known to resist certain fungicides. This information allows farmers to choose the right treatment immediately, targeting the pathogen’s weaknesses and avoiding wasted effort.

Farmers are also using data and computer modelling to anticipate outbreaks of the disease allowing them to act before it can takes hold. Sophisticated forecasting systems crunch weather data (temperature, humidity, rainfall) and spore counts to predict when and where blight is likely to strike next.

By pinpointing high-risk periods, these models help schedule fungicide applications more strategically – only when needed, rather than on a fixed calendar. This not only cuts costs and environmental damage by reducing unnecessary sprays, but also slows down resistance development in the pathogen.

Digital tech can help farmers detect crop diseases like potato blight quickly and accurately.
Andrii Medvediuk/Shutterstock

A global fight

Defeating potato blight demands international efforts. There’s no wonder drug or magic gene that can eliminate this ever-changing pathogen. Like other experts, I advocate for an integrated pest-management approach.

This combines cultural practices (like crop rotation and destroying infected plant debris) alongside biological controls (naturally occurring microbes, like beneficial bacteria, to help suppress the disease and limit its impact on crops). Judicious fungicide use to reduce the chances of blight taking hold is also effective.

Using technology to leverage real-time data enables farmers to act on early warnings and apply treatments in a targeted way, preserving yields while minimising environmental damage.

Investing in research and farmer education is essential too – from developing resistant potato breeds to training farmers in remote areas on how to use new diagnostic kits.

The fight against potato blight is global by necessity. An airborne spore originating in one country can hop to another on the wind, as Europe’s experience shows. Likewise, breakthroughs in one lab or farm – whether a new sensor, a resistant potato variety, or an effective organic spray – need to be shared and supported across borders.

International initiatives are putting the latest blight-fighting tools into the hands of farmers around the world. Supporting smallhold farmers in developing countries is especially vital, because they often face blight with limited resources and far more is at stake in terms of food security.

In the mid-19th century, Ireland’s potato-dependent society was caught tragically off guard. Today, we have knowledge, technology and hard-earned lessons on our side.

By embracing an integrated, technology driven strategy and ensuring it reaches farmers everywhere, that blight cycle could be broken. The continued emergence of strains like EU 46 is a warning, but also a call to action. One that we are now better equipped than ever to answer.

Don’t have time to read about climate change as much as you’d like?

Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.

David O’Connor receives funding from Research Ireland and Irish EPA.

– ref. How to tackle new strains of potato blight and avoid another great famine – https://theconversation.com/how-to-tackle-new-strains-of-potato-blight-and-avoid-another-great-famine-256926

MIL OSI – Global Reports –

May 21, 2025
MIL-OSI: Subsea 7 S.A. announces changes to Board responsibilities
Source: GlobeNewswire (MIL-OSI)

Luxembourg – 20 May 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the Company) today announced updates to Board responsibilities as a result of previously announced changes to Board composition.

Lucia de Andrade will serve as a member of the Audit and Sustainability Committee and also as a member of the Tender Committee.

David Mullen will step down from the Audit and Sustainability Committee and serve as a member of the Compensation Committee.

All other responsibilities are unchanged.

Biographies for each of the Directors and full details of the membership of each committee can be found in the Corporate Governance section of the Company’s website: www.subsea7.com.

*******************************************************************************
Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.
Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

*******************************************************************************

Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 20 8210 5568
ir@subsea7.com

Attachment
- SUBC Board Responsibilities
The MIL Network –
May 21, 2025
MIL-OSI: EverCommerce Appoints Amy Guggenheim Shenkan to Its Board of Directors

Source: GlobeNewswire (MIL-OSI)

DENVER, May 20, 2025 (GLOBE NEWSWIRE) — EverCommerce Inc. (Nasdaq: EVCM) (the “Company”), a leading provider of SaaS solutions for service SMBs, announced today the appointment of Amy Guggenheim Shenkan to its Board of Directors.

Ms. Shenkan’s extensive experience serving on the boards of RingCentral (NYSE: RNG), Pickles Auctions (an Apax Partners PE portfolio company), Zuora, and RB Global, Inc. brings a breadth of experience in guiding businesses. In addition, she has significant experience in leadership positions at Wells Fargo, Travelocity, Common Sense Media, and McKinsey & Company with an emphasis on innovation and digital transformation. Upon joining the EverCommerce Board, Ms. Shenkan will serve on the Company’s Audit Committee.

“We are thrilled to welcome Amy to our Board of Directors,” said EverCommerce CEO and Chairman of the Board Eric Remer. “Her experience in leveraging technology to accelerate change and growth will be a welcome addition to our Board as we both continue on our transformation journey and increasingly look to leverage AI to improve our customer-facing software and drive more efficiencies in our operations.”

“EverCommerce is truly a leader in its space. I’m honored to join the Board of Directors and look forward to leveraging my expertise to support the Company as it continues to empower the lives of service-based small businesses,” said Ms. Shenkan.

About EverCommerce

EverCommerce (Nasdaq: EVCM) is a leading service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 725,000 global service-based businesses accelerate growth, streamline operations, and increase retention. Its modern digital and mobile applications create predictable, informed, and convenient experiences between customers and their service professionals. With its EverPro, EverHealth, and EverWell brands specializing in Home, Health, and Wellness service industries, EverCommerce provides end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications. Learn more at EverCommerce.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation, statements regarding Ms. Shenkan’s contributions to the Board, our future operations and strategy, implementation of our innovation and digital transformation and optimization initiatives, and our plans to leverage artificial intelligence. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the factors described in our Annual Report on Form 10-K for the year ended December 31, 2024 and updated by our other filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

Media Contact
Jeanne Trogan
VP of Communications
737-465-2897
Press@evercommerce.com

Investor Contact
Brad Korch
SVP and Head of Investor Relations
720-796-7664
IR@evercommerce.com

The MIL Network –

May 21, 2025
MIL-OSI: Notice of changes to shareholding and share capital of Northern Horizon Capital AS

Source: GlobeNewswire (MIL-OSI)

Northern Horizon Capital AS, the management company of Baltic Horizon Fund, hereby notifies of a change to its shareholdings and a decrease in its share capital and the related amendments to the articles of association.

The shareholders decided to decrease the share capital from EUR 138,899 to EUR 125,000 by cancelling all 13,899 B-class shares held by the shareholder Northern Horizon Capital JIC OÜ (total nominal value of EUR 13,899).

As a result of the foregoing, Northern Horizon Capital A/S (registered in Denmark under registration number CVR 27599397) increases its direct shareholding from 90% to 100% of the shares, remaining the sole shareholder of Northern Horizon Capital AS.

For additional information, please contact:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
www.baltichorizon.com

The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS.

Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, Facebook, X and YouTube.

The MIL Network –

May 21, 2025
MIL-OSI Economics: FIFA and Wanda Group partnership largest annual sponsorship deal in construction and real estate sector, reveals GlobalData

Source: GlobalData

FIFA and Wanda Group partnership largest annual sponsorship deal in construction and real estate sector, reveals GlobalData

Posted in Sport

In 2016, Wanda Group signed a 15-year deal, which sees the brand serve as a top-tier FIFA partner. Under the agreement, Wanda secured rights to all FIFA competitions and corporate activities, extending through the 2030 World Cup, with a deal value reported to be approximately $56.57 million per year. Alongside the brands’ partnership with FIFA, Wanda Group is the highest spending brand across the construction and real estate sector in 2025, reveals GlobalData, a leading data and analytics company.

GlobalData’ s latest report, “Sponsorship Sector Report – Construction & Real Estate 2025”, reveals that across the construction and real estate sector, soccer commands the top position in terms of annual sponsorship revenue and deal volume in 2025. Mitsui Fudosan is recognized as the most active brand across the sector, boasting 11 active partnerships in 2025.

Olivia Snooks, Sport Analyst at GlobalData, comments: “Wanda Group was the first Chinese company to achieve top-tier partner status with FIFA. The partnership between Wanda Group and FIFA aims to facilitate the advancement of grassroots soccer development in China and across China.”

Saudi Arabia has seen a surge in the construction and real estate sector’s involvement with the sports sponsorship industry and occupies a significant portion of the higher-value partnerships across the sector. Brands including Roshn and Red Sea Global, both are owned by the Saudi backed Public Investment Fund (PIF) have both partnered with teams competing in the Saudi Professional League, the top-flight soccer league in Saudi Arabia. Roshn’s naming rights partnership with the Saudi Professional League is one of the largest partnerships across the sector.

Snooks continues: “The PIF’s involvement in the sponsorship activities across the Saudi Professional League has had a major impact on soccer across Saudi Arabia. The PIF has essentially taken control of the biggest clubs across the Saudi Pro League, as well as the league itself. Through Roshn serving as the league’s title partner and the PIF owning four of the biggest clubs across the league, this enables the fund to not only benefit from one of their brands gaining exposure but also four of their teams gaining more revenue.”

Despite a decline in the number and total value of transactions within the construction and real estate sector from 2018 to 2019, the industry has experienced consistent year-over-year growth in both the quantity of agreements signed and their cumulative annual worth through 2023. Between 2023 and 2024, the volume of deals signed plateaued; however, the annual value of these deals increased. Taking this into consideration, it could be suggested that even though the volume of deals agreed upon has not increased, the value of the deals that brands across the sector are committing to is growing.

Snooks concludes: “2025 will present uncertainty for the global economy given the tariffs, which have been implemented by US President Donald Trump. As tariffs elevate the expense of imported materials, including steel and aluminum, construction firms frequently find themselves absorbing these increased costs. The degree to which these developments will influence the construction and real estate sector’s engagement in the sports sponsorship arena remains to be determined.

“However, it is important to mention that as the tariffs only apply to materials being imported into the US, for brands that do not do business in the US, they are less likely to be affected; the situation is also very changeable with tariff rates changing and having already been postponed for 90 days since the original announcement.”

MIL OSI Economics –

May 21, 2025
MIL-OSI Russia: Making the MFF Fit for Purpose

Source: IMF – News in Russian

Opening Remarks by Alfred Kammer, IMF European Department Director, for the Annual EU Budget Conference

May 20, 2025

Thank you for the opportunity to join this important discussion today on the EU budget.

Europe stands at a transformative crossroads. The global environment is increasingly complex, and structural changes are reshaping the foundations of European economies. The challenges before us are significant: strengthening productivity and resilience amid demographic aging and rising geopolitical and trade tensions while increasing defense spending in a fiscally sustainable way, and enhancing energy security and accelerating the clean energy transition.

This is an extraordinary combination of challenges, and it will take an extraordinary effort to meet them. The key is to combine (i) a determined push to complete the single market with (ii) national reforms to allow Europe’s firms to grow to scale. The benefits of doing both promise to be much larger than EU-level and national efforts could achieve on their own. For example, dropping “red tape” that holds back firms at the national level will have a significant larger effect on investment when supported by a much deeper and fully integrated European capital market. And (iii) we will need the EU budget to amplify these efforts by enabling the joint provision of European public goods and incentivizing national reforms. Just think of the importance of energy security for the single market—this is just one example of a European public good where the EU budget has an important role to play.

The Multiannual Financial Framework, or MFF, has proven its strategic importance time and again. It has supported economic convergence through cohesion policy, and, more recently, the ambitious NextGenerationEU package launched in 2020 helped Europe recover from the pandemic with renewed resilience.

Yet, once again, the scale and nature of the challenges ahead require a fundamental rethink. To remain fit for purpose, the upcoming MFF must undergo a comprehensive overhaul. Our recommendations focus on three critical areas.

First, a more ambitious budget with a stronger focus on European public goods is needed.

Over time, the MFF has evolved to reflect emerging needs, but it has not kept pace with the expanding list of challenges that demand a joint EU-level response. Its current size and structure are insufficient to meet the scale of new investments required.

The budget must prioritize areas where EU action can deliver the greatest value—by generating positive spillovers, leveraging economies of scale, and also avoiding duplication between member states. These are the hallmarks of European public goods. Investments in energy security, defense capabilities, and research and innovation are clear examples where joint EU action is both necessary and efficient.

To meet these needs, we must consider a significant increase in expenditures targeted at European public goods, from 0.4 percent of GNI currently to at least 0.9 percent, based on various estimates from the Commission and others. Doing so without reducing allocations to existing programs would imply increasing the MFF budget by at least 50 percent for the 2028–2034 period, from 1.1 percent of GNI to 1.7 percent of GNI.

In the first instance, more EU spending on public goods would reduce the burden on national budgets for the provision of these public goods. But, importantly, this would not simply shift costs from the national to the EU level. With coordinated EU-level investment, greater efficiency will be achieved and, thus, net savings in the provision of these public goods will be generated. For instance, in the case of investments for the clean energy transition, we estimate that improved coordination at the EU level could reduce aggregate costs by approximately 7 percent. At a time when many countries face tight fiscal constraints, such efficiency gains are critical.

Second, we must ensure the MFF is more performance-based, streamlined, and adaptable.

At the core of this effort should be a stronger focus on performance. Linking financial support more systematically to outcomes—an approach implemented through the Recovery and Resilience Facility—can significantly improve the effectiveness of EU spending. The performance-based approach should be expanded across more areas of the EU budget, particularly where targeted financial incentives can catalyze national and regional reforms that complement EU objectives. But as we expand this approach, we must also ensure it remains as simple and transparent as possible—complexity can hinder both implementation and accountability. Programs under cohesion policy and the Common Agricultural Policy are clear candidates. Importantly, though, effective implementation will also require leveraging local and regional expertise to tailor solutions to specific contexts.

Beyond performance, the design of the MFF must be modernized to reduce complexity and increase strategic focus. Consolidating the more than 50 budgetary programs into a smaller number of thematic clusters, organized around key policy priorities, would help streamline the budget. Moreover, harmonizing requirements across programs would reduce the administrative burden for governments, organizations, and beneficiaries, while improving accessibility and implementation.

The budget also needs to become more adaptable. The events of the past five years have demonstrated the need for greater flexibility to respond to evolving circumstances. Thus, the MFF should be equipped with a greater margin for reallocation within the budget and stronger flexibility instruments—backed by sufficient resources—to address more frequent and intense shocks. A mid-term review process within the regular budget cycle could continue to help respond to changing realities.

Third, the financing framework of the budget must be strengthened.

A more ambitious EU budget will require an enhanced financial capacity. Currently, the MFF is predominantly funded through national contributions based on GNI. To support a step-up in European public goods investment, the financing model should be expanded to include borrowing and more robust own resources.

Borrowing capacity—particularly during the initial investment scale-up—can enable the EU to achieve shared objectives without delay, while smoothing the fiscal impact for member states over time. Moreover, bond-financing can support the further development of a European safe asset, thereby advancing capital market integration and contributing to macro-financial stability.

At the same time, the long-term sustainability of the EU budget requires solid and predictable revenue sources. Progress on new own resources is essential—not only to finance existing debt obligations under NextGenerationEU, but also to underpin future borrowing. The Commission’s proposals, including revenue based on the Emissions Trading System, the Carbon Border Adjustment Mechanism, and potentially a harmonized corporate tax base under the “Business in Europe” initiative, represent a meaningful step forward.

In the longer term, additional revenue sources linked to European public goods—such as user fees on jointly funded infrastructure—may also play a role as the budget evolves toward supporting more EU-wide investments, even if the scope remains limited for now.

In conclusion, meeting Europe’s complex challenges requires a more impactful EU budget. The next MFF presents a unique opportunity to scale up ambition, deliver on shared priorities, and transform the budget into a true engine for growth, resilience, and European sovereignty.

This will not be an easy path. Increasing the budget, improving its design, and broadening its financing base will all require political consensus across member states. But the potential rewards are significant: a more united, more competitive, and more secure Europe.

Thank you.

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER:

Phone: +1 202 623-7100Email: MEDIA@IMF.org

@IMFSpokesperson

https://www.imf.org/en/News/Articles/2025/05/20/sp052025-ak-making-the-mff-fit-for-purpose

MIL OSI

MIL OSI Russia News –

May 21, 2025
MIL-OSI: Trio enters into Letter of Intent to acquire 2000 acres in P.R. Spring Utah, one of largest tar-sand deposits in North America outside of Canada.

Source: GlobeNewswire (MIL-OSI)

California, May 20, 2025 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, is pleased to announce it has entered into a Letter of Intent to acquire 2000 acres at P.R. Spring, Unita Basin, Utah from Heavy Sweet Oil LLC. (HSO). According to a report provided by Dr. Douglas S. Hamilton, who holds Bachelor’s (HONs) and Ph.D. degrees in Geology from the University of Sydney, Australia, P.R. Spring area contains an estimated 6.75 billion barrels of OOIP within its basin boundary limits. This information was ascertained through detailed mapping of bitumen outcrops by various authors*, analysis of historical core hole and petroleum exploration wells, and examination of laboratory-derived measurements of porosity and oil saturation from 100’s of cores.

An Optimization Study conducted by Dr Amanda Bustin, President of Bustin Earth Science Consultants, indicated a typical project well has an estimated ultimate recovery (“EUR”) of 300,000 barrels of oil with stable production rate exceeding approximately 40 barrels of oil per day. The 2000-acre parcel will support up to 1000 wells in seven well pods. Once complete Trio believes that the project, fully developed, could provide upwards of 50,000 barrels a day with an approximate 20-year life. With an expected initial total drilling and completion cost of less than $800,000 per well and declining with scale, we believe the economics and size of the opportunity are superlative and transformative for a company like Trio.

The initial product from these wells will be commercial grade asphalt directly from the site for 90% of the production with an estimated 10% balance being a diesel range product. Both products are low sulfur and are expected to demonstrate a very low carbon footprint. This may enable our project to sell both spec commercial grade asphalt binder, which is expected to sell locally at a premium to WTI, as well as green diesel that is expected to sell at an even higher margin to WTI (per Valkor Oil and Gas LLC project developer and operator).

Samples of produced oil from Heavy Sweet’s Asphalt Ridge project, which is located next to the P.R. Spring in the Unita Basin, confirm oil composition and above-ground facilities have been designed allowing for the separation of the two products, asphalt and diesel, providing the ability to capture product prices superior to WTI.

The Operator is Heavy Sweet Oil, LLC, in partnerships with Valkor Oil and Gas LLC, a vertically integrated project development company with expertise in shallow heavy oil and in green and socially beneficial hydrocarbon projects.

According to J. Wallace Gwynn of Energy News, the P.R. Spring Project is known to be one of the largest tar-sand deposits in North America outside of Canada, making it a potential giant oilfield, and is distinctive given its low wax and negligible sulfur content, which is expected to make the oil very desirable for many industries, including shipping. The project has the potential to be both large and highly profitable.

As a result of this new opportunity, Trio allowed its option for an additional 77.75% in Asphalt Ridge to expire.

Terms of Acquisition

Upon the execution of the LOI by the Parties, Trio paid HSO a non-refundable payment of $150,000 for the option to acquire 2,000 acres of Trio’s choice and develop the P.R. Spring Project.

Upon Trio entering into a Definitive Agreement with HSO for the P.R. Spring Project, at the closing of the Proposed Transaction (“Closing”) it is expected that Trio shall (i) issue to HSO 1,492,272 restricted shares of Trio’s common stock and (ii) pay to HSO $850,000, in cash, which shall be applied toward the acquisition and development of the P.R. Spring Project.

It is also expected that Trio will provide 100% of the required capital expenditures for the development of the P.R. Spring Project, and Trio and HSO will each be entitled to 50% of the net profits derived from the P.R. Spring Project.

Pursuant to the terms and conditions of the Definitive Agreement, it is intended that Trio will construct a minimum of seven production wells in connection with the P.R. Spring Project, during the two-year period after the Closing.

It is also expected that the Definitive Agreement will contain such other terms and conditions as are customary in an acquisition of this nature including, without limitation, representations and warranties, conditions for Closing and applicable indemnifications.

Trio’s obligation to enter into the Definitive Agreement shall be subject to delivery of evidence of a minimum sustained production rate of 40 barrels per day for a continuous 30-day period from each of the two wells at the Asphalt Ridge site.

*Gwynn published a Utah Geological Survey Open-File Report (no. 527) in 2008 that exhaustively compiled tar sand data for the P.R. Spring area from numerous resource-characterization and hydrocarbon reserve investigations. This compilation defines the area of the tar sand deposit at P.R. Spring (figure 4). Geological maps and measured sections of the tar sand deposits are presented in Whittier and Becker (1962) and Byrd (1967), and Gwynn (1971) and Clem (1984) attempted correlation of the bitumen-bearing sandstone units. Properties of the tar sand deposits are published in Johnson and others (1975a, b, c), Dana and Sinks (1984a, b), and Sinks (1985). Analysis of oil extracted from the tar sands is documented in Wood and Ritzma (1972). Reserves and economic potential are discussed in Dahm (1980) and Clem (1984).

About Trio Petroleum Corp
Trio Petroleum Corp is an oil and gas exploration and development company in California, Saskatchewan and Utah.

Cautionary Statement Regarding Forward-Looking Statements
All statements in this press release of Trio Petroleum Corp (“Trio”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Trio’s control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors sections of the Trio reports filed with the Securities and Exchange Commission (SEC). Copies of such documents are available on the SEC’s website, www.sec.gov. Trio undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Relations Contact:
Redwood Empire Financial Communications
Michael Bayes
(404) 809 4172
michael@redwoodefc.com

The MIL Network –

May 21, 2025
MIL-OSI: NNN REIT, Inc. (NYSE:NNN) President and CEO Steve Horn Interviewed by Advisor Access

Source: GlobeNewswire (MIL-OSI)

NNN REIT (NYSE:NNN): 35 Years of Annual Dividend Increases

SAN FRANCISCO, May 20, 2025 (GLOBE NEWSWIRE) — NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, invests primarily in high-quality retail properties subject to long-term leases. The company owns 3,641 properties in 50 states with a gross leasable area of more than 36 million square feet.

Click to view the NNN REIT Fact Sheet
Click to view the NNN REIT Investor Presentation
Click to view the NNN REIT Annual Report
Click to Read the Entire Article Online

President and CEO Steve Horn talks to Advisor Access about the company’s strategy that has led to 35 successive years of dividend growth.

Advisor Access: For readers unfamiliar with NNN REIT, would you share an overview of the REIT and explain your niche in the sector?

Steve Horn: We own a robust portfolio of 3,641 triple-net-leased properties in 50 states with more than 36 million square feet of gross leasable area and a 25-year average occupancy rate of 98.2 percent. Owning our properties on a triple-net-lease basis puts the property-level operating expenses in the hands of our tenants and allows more of our rental revenue to go straight to our bottom line. Since the 1990s, we have generated consistent stockholder returns supported by strong dividend yields and 35 consecutive annual dividend increases. Our shareholders have enjoyed a 30-year average annual total return of 11.1%. We are known as a disciplined and deliberate team with a consistent, strong track record of sustainable performance.

AA: NNN announced Q1 2025 results on May 1. What are some of the highlights?

AA: NNN has had 35 consecutive years of annual dividend increases, the third longest track record of all REITs. To what do you attribute this remarkable run?

AA: Would you explain how your retail net lease strategy generates a reliable income stream, higher occupancy and less volatility?

AA: In a higher interest rate environment and economic uncertainty, are you making any adjustments?

Click Here to Read the Complete Answers to these Questions and the Entire Article Online, including Disclosures

About Advisor Access
Advisor-Access LLC was designed to bring compelling investment ideas to investors in the form of in-depth interviews with company management and the latest fact sheets and corporate presentations, in a concise format: the critical pieces of information an investor needs to make an informed investment decision. Read the Advisor–Access Full Disclosure Online.

The MIL Network –

May 21, 2025
MIL-OSI: Cyabra Report Uncovers Coordinated Disinformation Campaign Targeting Portugal’s 2025 Elections, Featured on CNN
Source: GlobeNewswire (MIL-OSI)

Cyabra has entered into a business combination agreement with Trailblazer Merger Corp. (TBMC)

New York, NY, May 20, 2025 (GLOBE NEWSWIRE) — Cyabra Strategy Ltd. (“Cyabra”), a leading AI platform for real-time disinformation detection, has released a new investigation into coordinated manipulation campaigns aimed at swaying public opinion in the weeks ahead of Portugal’s general election. The findings, based on a comprehensive analysis of social media activity between April 14 and May 14, expose how fake profiles and bot networks are reshaping Portugal’s political discourse and voter sentiment in real time.

Cyabra’s report – “Fake Voices, Real Votes” – has been widely featured by CNN Portugal in a series of articles highlighting how inauthentic profiles attempted to hijack online conversations to boost the far-right Chega party while discrediting its rivals:

Exclusive: 58% of Chega’s support on X is fake, new investigation shows
Cyabra: This was the company that discovered the existence of fake Chega profiles that spread misinformation on social media

“What’s happening in Portugal is a masterclass in modern influence operations,” said Dan Brahmy, CEO & Co-founder of Cyabra. “This is a deliberate, strategic campaign to undermine democratic institutions, sway public opinion, and manipulate voters during a critical election. We’re proud that CNN is helping shine a light on these threats.”

Key Findings from the Report:
- 58% of the accounts commenting on Chega’s official X account were fake, creating the illusion of overwhelming public support.
- 49% of profiles commenting on posts from the Socialist (PS) and Social Democratic (PSD) parties were also fake, launching coordinated attacks against opposition leaders while promoting Chega in the same threads.
- Fake profiles amplified false narratives about Socialist leader Pedro Nuno Santos and malicious attacks on PSD’s Luís Montenegro, spreading conspiracy theories, economic discontent, and anti-immigration rhetoric.
- Many fake accounts engaged in cross-campaign promotion, simultaneously attacking rival parties and praising Chega—further evidence of a coordinated effort.
This is the latest in Cyabra’s global work supporting election protection. In 2024 alone – the biggest election year in history – Cyabra supported 19 democracies to monitor and safeguard their elections.

Cyabra has entered into a business combination agreement with Trailblazer Merger Corporation I (NASDAQ: TBMC), a blank-check special-purpose acquisition company.

Cyabra partnered with Global Vector Group.

About Cyabra
Cyabra is a real-time AI-powered platform that uncovers and analyzes online disinformation and misinformation by uncovering fake profiles, harmful narratives, and GenAI content across social media and digital news channels. Cyabra’s AI solutions protect corporations and governments against brand reputation risks, election manipulation, foreign interference, and other online threats. Cyabra’s platform leverages proprietary algorithms and NLP solutions, gathering and analyzing publicly available data to provide clear, actionable insights and real-time alerts that inform critical decision-making. Cyabra uncovers the good, bad, and fake online.

For more information, visit www.cyabra.com.

Media Contact:
Jill Burkes
Jill@cyabra.com
Signal Contact: Jillabra.24

Investor Relations Contact:
Miri Segal
MS-IR
msegal@ms-ir.com

About Trailblazer
Trailblazer is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. For more information, visit: www.trailblazermergercorp.com

Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to certain products and services that are the subject of a proposed transaction (the “Business Combination”) between Trailblazer and Cyabra. All statements other than statements of historical facts contained in this press release, including statements regarding Cyabra’s business strategy, products and services, research and development costs, plans and objectives of management for future operations, and future results of current and anticipated product offerings, are forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, the following risks relating to the proposed transaction: the ability to complete the Business Combination or, if Trailblazer does not consummate such Business Combination, any other

initial business combination; expectations regarding Cyabra’s strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and Cyabra’s ability to invest in growth initiatives and pursue acquisition opportunities; the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the outcome of any legal proceedings that may be instituted against Trailblazer or Cyabra following announcement of the Business Combination Agreement and the transactions contemplated therein; the inability to complete the proposed Business Combination due to, among other things, the failure to obtain Trailblazer stockholder approval; the risk that the announcement and consummation of the proposed Business Combination disrupts Cyabra’s current operations and future plans; the ability to recognize the anticipated benefits of the proposed Business Combination; unexpected costs related to the proposed Business Combination; the amount of any redemptions by existing holders of Trailblazer’s common stock being greater than expected; limited liquidity and trading of Trailblazer’s securities; geopolitical risk and changes in applicable laws or regulations; the size of the addressable markets for Cyabra’s products and services; the possibility that Trailblazer and/or Cyabra may be adversely affected by other economic, business, and/or competitive factors; the ability to obtain and/or maintain the listing of the combined company’s common stock on Nasdaq following the Business Combination; operational risk; and the risks that the consummation of the proposed Business Combination is substantially delayed or does not occur.

Important Information for Investors and Stockholders
In connection with the Business Combination, Trailblazer Holdings, Inc., a subsidiary of Trailblazer (“Holdings”) has filed a registration statement on Form S-4 (the “Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”), which includes a preliminary proxy statement/prospectus, and certain other related documents, which will be both the proxy statement to be distributed to holders of shares of Trailblazer’s common stock in connection with its solicitation of proxies for the vote by its stockholders with respect to the Business Combination and other matters as may be described in the Registration Statement, as well as the prospectus of Holdings relating to the offer and sale of its securities to be issued in the Business Combination. . After the Registration Statement is declared effective, the proxy statement/prospectus will be sent to all Trailblazer stockholders so that they may vote on the Business Combination.

INVESTORS AND STOCKHOLDERS OF TRAILBLAZER ARE URGED TO READ CAREFULLY THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS, AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS COMBINATION AND THE PARTIES INVOLVED.

Trailblazer stockholders are currently able to obtain copies of the preliminary proxy

statement/prospectus and other documents filed with the SEC that are incorporated by reference therein, and will be able to obtain the definitive proxy statement/prospectus and other documents filed with the SEC that will be incorporated by reference therein, once available, in all cases without charge, at the SEC’s web site at www.sec.gov, or by directing a request to: Trailblazer at 510 Madison Avenue, Suite 1401, New York, NY 10022, Telephone: 646-747-9618.

Participants in the Solicitation
Cyabra, Trailblazer, and their respective directors and executive officers may be deemed participants in the solicitation of proxies from Trailblazer stockholders regarding the proposed Business Combination. Information about Trailblazer’s directors and executive officers and their ownership of Trailblazer’s securities is set forth in the proxy statement/prospectus pertaining to the proposed Business Combination.

No Offer or Solicitation
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, or a solicitation of any vote or approval. No sale of securities shall occur in any jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under applicable laws.

The MIL Network –
May 21, 2025
MIL-OSI: SAIC Schedules First Quarter Fiscal Year 2026 Earnings Conference Call for June 2 at 10 A.M. ET

Source: GlobeNewswire (MIL-OSI)

RESTON, Va., May 20, 2025 (GLOBE NEWSWIRE) — Science Applications International Corp. (NASDAQ: SAIC) is scheduled to issue its first quarter fiscal year 2026 results before market open on Monday, June 2, 2025. SAIC executive management will discuss operational and financial results in a conference call beginning at 10:00 a.m. Eastern time, following the issuance of the company’s earnings press release.

The conference call will be webcast simultaneously to the public through a link on the Investors Relations section of the SAIC website. The company will only provide webcast access, “dial-in” access will not be available, and a supplemental presentation will be available to the public through links provided on the website.

After the call concludes, an on-demand audio replay of the webcast can be accessed on the SAIC Investors Relations website.

About SAIC
SAIC® is a premier Fortune 500 mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets include secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Forward-Looking Statements
Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

Media Contact:
Kara Ross
703.362.6046 | kara.g.ross@saic.com

The MIL Network –

May 21, 2025
MIL-OSI: LPL Financial Announces Q1 2025 Technology Updates
Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, May 20, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC, a leading wealth management firm, has announced a series of significant updates to its financial technology, investment solutions and platform infrastructure in the first quarter of 2025. These ongoing improvements underscore LPL’s dedication to helping advisors harness both existing and emerging technologies to optimize their time, create tailored client experiences, and offer more advanced and personalized financial guidance. The first quarter of 2025 saw the introduction of 80 new product enhancements—designed to enhance the experiences of advisors, institutions and end clients.

“Our goal is to consistently enhance the tools and processes used daily, allowing advisors to focus on their core business activities. We are also continuously strengthening our platforms to ensure they are secure, reliable and resilient,” said Greg Gates, Group Managing Director, Chief Technology and Information Officer at LPL. “By leveraging our scale and insights from over 29,000 advisors and 1,200 institutions, we are committed to continuously refining and reinvesting in our technology to address the most critical needs of today’s financial professionals.”

New and Enhanced Tech Solutions
- Alts: LPL Alts Connect has digitized the alts purchase process and reduces order time by up to 70 percent. The platform complements an expanding product set that includes an array of prominent funds, giving advisors more optionality to build diversified, non-correlated portfolios.
- Marketing: A new digital marketing platform leverages technology, including AI, to streamline effective communication with clients and prospects across multiple channels and touchpoints. Advisors who subscribe to LPL’s Marketing Solutions grew assets 39% faster, on average, than their LPL peers over a 6-month period.
- Rebalancing: ClientWorks Rebalancer enhancements include single sleeve drift filters, new excess cash options and expiration date flexibility—all designed to offer advisors increased flexibility.
- Retirement plans: A new, dedicated account for outside retirement plans streamlines the tracking and processing of fees, making the entire process more efficient.
- Artificial intelligence (AI): Advisors now have access to Adobe Acrobat AI Assistant and Box AI, as well as Wealthbox AI Reports, which leverages data to build reports based on an advisor’s prompt. With the help of AI, LPL advisors can spend less time on administrative tasks and more time focusing on growing client relationships and the business.
- eSignature Bundling: eSignature bundling has been added to New Account Opening, Move Money and Annuity Order Entry. These updates simplify workflow and save valuable time by reducing the number of emails advisors and investors receive.
Leadership Expansion

Further strengthening its technology leadership, LPL recently welcomed Vaughn Harvey as Executive Vice President and Chief Data and Artificial Intelligence Officer. Harvey will lead the company’s data and AI initiatives, driving innovation and digital transformation across the organization.

Industry Recognition

LPL received the Bank Insurance and Securities Association’s 2025 Technology Innovation Award for Meeting Manager, a proprietary solution that supports advisor productivity, improves oversight for program managers and changes the game on how advisors in institutions engage with their clients. In addition, LPL’s Chief Information Security Officer Renana Friedlich was recognized by CISO Village on the Cyber 25 Women of Impact List for driving change in the cybersecurity industry.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Media Contact:
Media.relations@LPLFinancial.com
(402) 740-2047

Tracking #: 738811

The MIL Network –
May 21, 2025
MIL-OSI: XRP News: Nimanode Is Pioneering a No-Code AI Agent Builder on XRP to Power Web3 Automation
Source: GlobeNewswire (MIL-OSI)

LEEDS, England, May 20, 2025 (GLOBE NEWSWIRE) — As Web3 continues to evolve, the limitations of manual execution, static smart contracts, and human-dependent workflows have become more visible than ever. Artificial Intelligence is rapidly proving its utility across industries but in Web3, AI is often misunderstood as little more than a chatbot layer or a trading algorithm. The potential for real, autonomous AI agents that interact directly with blockchains has yet to be fully realized. That potential is what Nimanode is fulfilling.

Nimanode is a new AI x blockchain platform built on the XRP Ledger (XRPL) that empowers anyone, technical or not — to deploy autonomous AI agents that can work, earn, and evolve on-chain.

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.

What Makes Nimanode Unique

From a zero-code interface, users can build intelligent agents that do far more than chat. These agents can:
- Deploy and manage smart contracts
- Reallocate capital across DeFi pools
- Monitor wallet and access risk in real time
- Ensure compliance with regional regulations
- Provide 24/7 on-chain support for dApps, DAOs, and marketplaces
Whether you’re a Web3 newbie, DAO, Institution, startup or investor, Nimanode lets you deploy AI Agents that automate entire workflows without needing to write code manually.

XRP + AI: The Missing Infrastructure

While most AI-blockchain projects default to Ethereum or private chains, Nimanode chose the XRP Ledger for a very specific reason: performance.

XRPL’s speed, scalability, and near-zero fees make it the ideal chain for intelligent agents operating at scale. Agents may interact with smart contracts, execute microtransactions, or request on-chain data hundreds of times per day — all of which require fast finality and cost-efficiency.

This native integration positions Nimanode as a protocol layer that enhances the XRP ecosystem while enabling a completely new category of on-chain intelligence.

$NMA: Utility Driven

At the heart of the platform is $NMA, the utility and governance token that powers agent deployment, upgrades, and staking. With their Presale set to launch soon, Early birds are getting a unique chance to back the infrastructure layer of AI-powered automation.

From agent deployment to marketplace interactions and protocol governance. $NMA Token holders can:
- Build and Deploy agents
- Earn staking rewards
- Unlock Agent Marketplace discounts
- Vote on platform upgrades and governance decisions
Final Word

The Web3 world doesn’t just need faster networks or prettier frontends, it needs autonomous infrastructure. AI agents are the next evolution in decentralization, and Nimanode is positioning itself to lead that frontier.

If you believe that smart contracts should be deployable without code…
If you believe that DeFi should be optimized by intelligent systems…
If you believe in a future where agents work for you, not the other way around…

Then Nimanode isn’t just another project, it’s your next protocol.

Be part of the future Nimanode is building

Website: https://nimanode.com
Twitter/X: https://nimanode.com
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/b1379c2b-93f6-45d7-a37f-856f3085a168

The MIL Network –
May 21, 2025
MIL-OSI: Wearable Devices Ltd. Releases New Mudra Link Update with Gesture-Based Media Control

Source: GlobeNewswire (MIL-OSI)

Yokneam Illit, Israel, May 20, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, today announced the release of a new Mudra Link update for Mac and Windows users. The latest version introduces significant enhancements, including support for gesture-based Media Keys control, a firmware update for improved stability, a streamlined onboarding experience, and various bug fixes.

The new Media Control feature introduces gesture-based media control to the Mudra Link neural wristband, bringing a modern twist to a familiar digital convenience. For years, media keys on keyboards have offered users quick access to playback controls like play, pause, and volume. Mudra Link now reimagines that experience – allowing users to assign natural hand gestures such as a tap or pinch to those same functions, without the need for buttons, screens, or physical contact.

This innovation gives users a faster, more seamless way to control music and video without needing to reach for a phone, keyboard, or screen. Whether you’re in the middle of a task, on the move, or immersed in a digital experience, simple hand gestures let you stay focused while managing playback effortlessly. By replacing physical buttons with intuitive motion, Mudra Link makes everyday media interaction more natural, accessible, and hands-free.

This latest update builds on the powerful Gesture Mapper feature introduced in April 2025. The Mudra Link’s Gesture Mapper allows users to customize how specific hand gestures control digital actions. With it, gestures like a tap, pinch, or flick can be assigned to commands such as mouse clicks, directional input, or, now, media controls. This gives users greater flexibility to tailor their interaction style across apps, devices, and environments.

The Gesture Mapper feature in Mudra Link empowers users to personalize their digital experience by assigning intuitive hand gestures to a wide range of commands. Whether it’s streamlining productivity workflows, enabling hands-free control during physical activity, or enhancing accessibility for those with limited mobility, Gesture Mapper offers a flexible, user-centric approach to interaction. It’s especially valuable when paired with augmented reality glasses or other wearables, where traditional input methods may be limited. From creatives and power users to individuals navigating immersive environments, this feature brings a new level of customization and convenience to everyday device use.

The latest Mudra Link update includes a required firmware upgrade that enhances performance, improves stability, and enables the new media control features. Users will also benefit from a streamlined onboarding experience and various bug fixes. The updated software and firmware are now available for Mac and Windows and should be downloaded to ensure access to all the latest features and improvements.

About Wearable Devices

Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) is a growth company pioneering human-computer interaction through its AI-powered neural input touchless technology. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s consumer products – the Mudra Band and Mudra Link – are defining the neural input category both for wrist-worn devices and for brain-computer interfaces. These products enable touch-free, intuitive control of digital devices using gestures across multiple operating systems.

Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations, Wearable Devices empowers consumers with stylish, functional wearables for enhanced experiences in gaming, productivity, and extended reality (XR). In the business sector, the Company provides enterprise partners with advanced input solutions for immersive and interactive environments, from AR/VR/XR to smart environments.

By setting the standard for neural input in the XR ecosystem, Wearable Devices is shaping the future of seamless, natural user experiences across some of the world’s fastest-growing tech markets. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and “WLDSW,” respectively.

Forward-Looking Statements Disclaimer

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, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss the benefits and advantages of our products and technology, our aim to make neural input as intuitive and accessible as possible, and our future new updates. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2024, filed on March 20, 2025 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations Contact
Michal Efraty
IR@wearabledevices.co.il

The MIL Network –

May 21, 2025
MIL-OSI: Ambiq and CardioMedive Deliver Unified Medical Cardiac Care Solution
Source: GlobeNewswire (MIL-OSI)

AUSTIN, Texas, May 20, 2025 (GLOBE NEWSWIRE) — Ambiq^®, a technology leader in ultra-low-power solutions for edge AI, announced a strategic partnership with CardioMedive, an award-winning health technology innovator, to revolutionize cardiovascular care with the Medive – an advanced modular health monitoring platform powered by the Apollo510.

Breakthrough Technical Innovations
- Ultra-low power Apollo510 MCU employs the Subthreshold Power Optimized Technology (SPOT^®) platform to deliver unparalleled energy efficiency for high-performance edge AI
- Modular plug-and-play scalable architecture tailored to patient needs, no more managing separate devices. It integrates clinical-grade 1 lead multi-parameter patch, 3/5/12-lead ECGs, blood pressure, SpO2, temperature, respiration, digital stethoscope, and comprehensive remote examination capabilities
- Multi-week battery life ensures continuous health data capture in a lightweight, unobtrusive design
- Dual SDIO interfaces handle high-throughput Wi-Fi and eMMC storage simultaneously, enabling seamless connectivity without performance comprises
Transforming Healthcare Access Through Edge AI
The Medive uses AI-driven analytics to deliver hospital-grade cardiovascular insights in diverse settings, from clinics to patients’ homes. By leveraging the Apollo510’s powerful edge computing capabilities for on-device inferencing, Medive enables immediate anomaly detection, real-time patient alerts, and predictive insights, drastically reducing the latency issues associated with cloud-based communications. The Apollo510 dual SDIO architecture enables Medive to run high-throughput Wi-Fi and eMMC Storage simultaneously, delivering fast performance and seamless connectivity with zero trade-offs. The Medive was selected as the “Medical Innovation of the Year” winner by the Romanian Healthcare Awards for advancing remote cardiovascular patient monitoring.

“CardioMedive is transforming all phases of the patient’s journey for both in-home and hospital care,” says Fumihide Esaka, CEO of Ambiq. “We are proud to power such an important digital health innovation that makes effective prevention, diagnosis, and disease management more accessible using our ultra-low power solutions.”

Ion Mocanu, CEO & Co-founder of CardioMedive, added, “Our partnership with Ambiq has been instrumental in creating a truly groundbreaking platform that addresses critical healthcare challenges. The Apollo510’s exceptional processing power, peripherals and energy efficiency have enabled us to design a solution that not only meets today’s needs but is future proofed for tomorrow’s healthcare innovations.”

Comprehensive Health Monitoring
Patients using Medive can monitor a wide range of vital health metrics, including ECG, blood pressure, and SpO₂, while also conducting specialized examinations using modules for stethoscope exams, spirometry, otoscopy, thermal imaging for diabetes-related complications, breast cancer screening, and more.

Availability
CardioMedive is on track for commercial launch in Q3 2026, beginning in Europe and the U.K., with phased expansion to the U.S., Canada, and Asia-Pacific markets in 2027. Learn more about the Medive here.

About Ambiq

Our mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. We enable our customers to deliver artificial intelligence compute at the edge where power consumption challenges are the most profound. Our technology innovations, built on the patented and proprietary subthreshold power optimized technology (SPOT), fundamentally deliver a multi-fold improvement in power consumption over traditional semiconductor designs. We’ve powered over 270 million devices today. For more information, visit www.ambiq.com.

About CardioMedive

CardioMedive is a health technology company redefining how cardiovascular care is delivered — through a modular, AI-enabled monitoring platform that adapts to patients’ needs at home, in clinics, or anywhere in between. Combining medical-grade accuracy with user-friendly design, CardioMedive empowers providers, patients, and digital health platforms to detect, manage, and respond to heart health anomalies. Visit www.cardiomedive.eu to learn more or inquire about global partnerships.

Contact
Charlene Wan
VP of Marketing, and Investor Relations
cwan@ambiq.com
+1.512.879.2850

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/795afc79-ce72-41fc-8b22-537b49141328

The MIL Network –
May 21, 2025
MIL-OSI: Biometric Identity and Access Management Software Solutions Provider BIO-key Announces Two Webcast Investor Presentations: Aegis Capital Thu. May 22 at 11:30am ET and Maxim Group Wed. June 4 at 11am ET

Source: GlobeNewswire (MIL-OSI)

HOLMDEL, N.J., May 20, 2025 (GLOBE NEWSWIRE) — BIO-key^® International, Inc. (Nasdaq: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) solutions featuring passwordless, phoneless and tokenless, Identity-Bound Biometric (IBB) authentication solutions today announces its participation at the Aegis Capital Corp. 2025 Virtual Conference on Thursday, May 22^nd and the Maxim Virtual Tech Conference on Wednesday, June 4^th – webcast access details provided below.

Aegis Capital Virtual Conference 2025
BIO-key Presentation
Date/Time: Thursday, May 22, 2025, 11:30 – 11:55 a.m. ET
Webcast Link: https://us02web.zoom.us/meeting/register/AfmnLxICTqmjEvoSG9-MMQ#/registration

Maxim 2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow
BIO-key Fireside Chat with Maxim Analyst, Jack Vander Aarde
Date/Time: Wednesday, June 4, 2025 at 11:00 a.m. ET
Webcast Link:
https://m-vest.com/events/tmt-06032025

The Maxim conference will be hosted live on M-Vest. You must sign-in or sign up to become an M-Vest member to access the event. Investors can submit questions to the moderator throughout the panel, as well as request management meetings.

For more information, please contact your Aegis Capital or Maxim Group representative or email BIO-key investor relations at BKYI@catalyst-ir.com.

About BIO-key International, Inc. (www.BIO-key.com)

BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

Investor Contacts
William Jones, David Collins
Catalyst IR
BKYI@catalyst-ir.com
212-924-9800

The MIL Network –

May 21, 2025
MIL-OSI: MicroAlgo Inc. Researches Quantum Machine Learning Algorithms to Accelerate Machine Learning Tasks

Source: GlobeNewswire (MIL-OSI)

shenzhen, May 20, 2025 (GLOBE NEWSWIRE) — Shenzhen, May. 20, 2025/––MicroAlgo Inc. (the “Company” or “MicroAlgo”) (NASDAQ: MLGO), announced that quantum algorithms will be deeply integrated with machine learning to explore practical application scenarios for quantum acceleration.
Quantum machine learning algorithms represent an innovative approach that applies the principles of quantum computing to the field of machine learning. By leveraging the unique properties of quantum bits, such as superposition and entanglement, these algorithms enable parallel data processing and efficient computation. Compared to classical algorithms, quantum machine learning demonstrates significant advantages in feature extraction, model training, and predictive inference. It is particularly well-suited for handling high-dimensional data, optimizing combinatorial problems, and solving large-scale linear equations. Quantum machine learning algorithms can process more complex datasets in a shorter time, enhancing both the speed of model training and the accuracy of predictions.
MicroAlgo’s development of quantum machine learning technology follows a closed-loop process of “problem modeling – quantum circuit design – experimental validation – optimization iteration.” For specific machine learning tasks (such as classification, regression, or clustering), the team preprocesses classical data into quantum state inputs, mapping feature vectors into a quantum system using techniques like amplitude encoding or density matrix encoding. Quantum circuits are designed based on task requirements, for instance, by employing variational quantum algorithms (VQA) to construct trainable parameterized quantum gate sequences, with a classical optimizer adjusting the quantum circuit parameters to minimize the target function. During the quantum computing execution phase, the circuits are run on a quantum computer or cloud platform, and quantum measurement results are obtained and converted into classical data outputs.Validate model performance through classical post-processing, analyze error sources, and reverse optimize quantum circuit structure and parameters.
Quantum Feature Mapping: Embedding classical data into a quantum state space, enhancing data distinguishability through techniques such as quantum Fourier transform or amplitude amplification.
Quantum Circuit Optimization: Employing adaptive variational algorithms to dynamically adjust circuit depth, balancing computational resources with model expressiveness.
Hybrid Quantum-Classical Architecture: Combining the parallel advantages of quantum computing with the flexibility of classical computing to achieve efficient collaborative training.
Noise Suppression Techniques: Addressing the noise issues in current quantum hardware by introducing quantum error correction codes and error mitigation strategies to improve computational accuracy.
MicroAlgo’s quantum machine learning algorithms leverage the parallelism and efficiency of quantum computing to accelerate the execution of machine learning tasks, enabling the processing of more complex datasets in shorter timeframes while improving model training speed and prediction accuracy. These quantum machine learning algorithms can handle high-dimensional data and complex patterns that traditional machine learning algorithms struggle to address. The unique properties of quantum bits, such as superposition and entanglement, allow quantum machine learning algorithms to efficiently represent and process data in high-dimensional spaces, uncovering complex patterns that conventional algorithms cannot capture. Additionally, MicroAlgo’s quantum machine learning algorithms offer strong scalability and flexibility, making them adaptable to datasets of varying sizes and types as well as diverse machine learning task requirements.
The quantum machine learning algorithms researched by MicroAlgo hold broad application prospects across multiple domains. In the financial sector, these algorithms can be used for predicting and analyzing financial time-series data, enhancing the accuracy and efficiency of trading decisions. In the medical field, quantum machine learning algorithms can support the development and implementation of personalized healthcare plans by analyzing patients’ genetic information and clinical data, accurately predicting treatment outcomes and providing tailored medical solutions. In the logistics sector, these algorithms can be applied to supply chain management and logistics optimization tasks, offering analytical and decision-making support to help businesses improve operational efficiency and reduce costs. Furthermore, quantum machine learning algorithms can also be utilized in areas such as cybersecurity, smart manufacturing, and energy management, delivering efficient data analysis and optimization solutions for these fields.
As quantum computing technology continues to advance and research into quantum machine learning algorithms deepens, quantum algorithms are poised to address challenges that classical computers cannot solve, bringing disruptive innovations to various industries in the future.

About MicroAlgo Inc.

MicroAlgo Inc. (the “MicroAlgo”), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo’s services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo’s ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo’s long-term development.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo’s periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo’s expectations with respect to future performance and anticipated financial impacts of the business transaction.

MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.

Contact

MicroAlgo Inc.

Investor Relations

Email: ir@microalgor.com

The MIL Network –

May 21, 2025
MIL-OSI: Sharc Energy’s Wet System Powers Groundbreaking Sen̓áḵw Energy System

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) is proud to announce its Wastewater Energy Transfer (“WET“) system as the core component of Creative Energy’s Sen̓áḵw Energy System, the district energy system, or thermal energy network, that will be supporting the landmark Vancouver based project, Sen̓áḵw—an ambitious undertaking representing the largest real estate development in Canadian First Nations history. The SHARC WET system has been shipped to the project.

District Energy Systems (“DES”), or Thermal Energy Networks (“TEN”), provide thermal energy to multiple buildings from a central energy plant. Steam or hot water produced at the plant is transmitted 24/7 through highly insulated underground thermal piping networks. Thermal energy is transferred into and from the building’s system through energy transfer stations placed in the building, reducing mechanical room space required for housing equipment and simplifying heating and cooling systems. SHARC Energy enables DES or TENs to leverage wastewater, a forgotten resource, as a low-carbon source of thermal energy to help save energy and reduce carbon emissions on a multiple-building scale.

“We are extremely pleased to announce our partnership with Creative Energy and the Squamish Nation to participate in the rebirth of the historic village of Senakw located in the heart of Vancouver. We are developing a net- zero district heating and cooling system for Sen̓áḵw, which will contain 11 buildings and over 6,000 rental homes, designed to leverage sewer heat recovery as a low-carbon source of thermal energy by extracting heat from one of Metro Vancouver’s nearby sewer trunk mains. Working with SHARC Energy, we will utilize its WET system as the core component for the Sen̓áḵw Energy System,” says Kieran McConnell, Senior Vice President, Engineering & Innovation, Creative Energy.

Sen̓áḵw, is being developed by the Squamish Nation’s economic development arm, Nch’ḵay̓ Development Corporation. Once fully completed, it will comprise 11 buildings featuring over 6,000 rental units across more than 3 million square feet of residential floor space. It is set to become Canada’s largest net zero operational carbon purpose-built community.

Over the next 30 years, the Sen̓áḵw Energy System is projected to reduce carbon emissions by 120,000 tonnes compared to a conventional natural-gas based system. This reduction is equivalent to planting 5.5 Stanley Parks or 165,000 acres of trees. The system will initially provide heating and cooling to each building within the development with the potential for future expansion to accommodate upcoming projects.

Significantly, this project not only represents the first private development in British Columbia to leverage Metro Vancouver’s Sewage and Waste: Heat Recovery policy, but also marks the first private residential development in Canada to harness an external sewer force main as its primary energy source.

“District energy systems powered by renewable sources have significant benefits for the community and for the climate,” said Mike Hurley, Chair of the Metro Vancouver Board of Directors. “We’re pleased to provide access to the abundant heat in our sewers for this project and others like it, which will help us achieve regional carbon neutrality by 2050.”

Currently, there are several WET district energy projects in development in various stages across the lower mainland of British Columbia. Quietly, the Metro Vancouver region is becoming the Wastewater Energy Transfer capital of the world showcasing climate leadership in how other regions globally can leverage a forgotten resource like wastewater to significantly decarbonize heating and gain natural resources like fresh water used in cooling towers. As highlighted in a recent Wall Street Journal article featuring several SHARC WET projects, awareness and education around the untapped reservoir of energy available in the sewers continues to gain momentum.

“SHARC Energy is excited to be at the forefront of this transformative project,” said Michael Albertson, CEO of SHARC Energy. “The Sen̓áḵw development sets a new standard for sustainable urban living, and our WET system is pivotal in realizing this vision.”

In North America, recent years have shown the proliferation of legislation supporting DES or TEN systems. Currently, eight states, including Massachusetts, Minnesota, New York, Colorado, Washington, Maryland, Vermont and California, have legislation that either allows or mandates utilities to develop thermal energy network demonstration projects or pilots.

About SHARC Energy

SHARC International Systems Inc. is a world leader in energy transfer with the wastewater we send down the drain every day. SHARC Energy’s systems exchange thermal energy with wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings along with thermal energy networks, commonly referred to as “District Energy”.

SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile.

Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA | SHARC

About Creative Energy

Recognized as a leader in innovative energy solutions, Creative Energy designs, builds, owns, and operates sustainable district energy systems across North America. Our team has a client-focused, community-vested approach to projects that deliver outstanding quality and service while providing tangible value for continued growth. In addition to owning and operating one of Canada’s largest thermal networks in downtown Vancouver, Canada, we provide value to developers, landowners, end-users and the broader community through flexible thermal neighborhood energy systems. Our projects focus on innovation, resiliency, and sustainability, and span across a broad spectrum of technologies including geo-exchange, ocean exchange, cogeneration, microgrids, solar PVs, and sewer heat recovery.

Serving customers for over 55 years with a reliability rate of 99.99%, we’re developing more than a dozen new low-carbon district energy systems across North America, including the revitalization and decarbonization of our downtown Vancouver steam plant which will be one of North America’s largest thermal fuel-switch projects and provide downtown Vancouver with renewable energy infrastructure for decades to come.

Visit our website to learn more https://creative.energy/

ON BEHALF OF THE BOARD

Fred Andriano
Chairman

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cb4c2081-233f-4ac1-b579-6ceb7d7449da

The MIL Network –

May 21, 2025

Category: Finance

Deputy Prime Minister speech to UKREiif – 20 May 2025

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