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Category: Finance

  • MIL-OSI USA: Warren Demands Health and Human Services Nominee Erase Ethics Conflicts with Pharmaceutical, Biotech Companies

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    May 13, 2025
    As RFK Jr.’s Deputy, O’Neill would have insight and influence over FDA approvals
    “Your relationships with biomedical companies regulated by HHS will raise concerns about your impartiality in this role”
    Text of Letter (PDF)
    Washington, D.C. — U.S. Senator Elizabeth Warren (D-Mass.) wrote to Mr. James O’Neill, nominee for Deputy Secretary of the Department of Health and Human Services (HHS), asking him to recuse himself from matters involving companies he has worked with, given many of those companies may seek the Food and Drug Administration’s (FDA) regulatory approval during his tenure. Senator Warren also asked Mr. O’Neill to commit not to take a job in the industries regulated by HHS for at least four years after leaving office and not to lobby HHS for at least four years after leaving office. The Senate Finance Committee will vote on advancing O’Neill’s nomination on Thursday, May 15, 2025. 
    O’Neill, a “close ally” of Trump-backer Peter Thiel, once managed one of Thiel’s venture capital firms, Mithril Capital Management, where he invested in biotech companies developing medical robots, diabetes treatments, antibody technologies, and more. Some of these companies are now seeking FDA approval. After O’Neill left the company, the Federal Bureau of Investigation investigated the firm for potentially defrauding its investors. 
    As Deputy HHS Secretary, O’Neill would have insight into and influence over the FDA’s approvals process and could potentially sway HHS’s decision-making to favor companies with which he has worked. O’Neill advises and serves on the board of ADvantage Therapeutics, a pharmaceutical company developing an Alzheimer’s drug that will require FDA approval. He has agreed to recuse from matters related to ADvantage for one year (or two years if he receives a bonus from the company), but “after just one or two years, [his] relationship with the company will remain fresh enough to raise serious impartiality concerns.” Given that, Senator Warren urged, “To mitigate even the appearance of a conflict of interest, you should agree to recuse for four years from [matters related to the company].”
    Former HHS officials, including former FDA Commissioner Robert Califf and NIH Director Monica Bertagnolli, agreed to recuse themselves from their former clients’ matters for four years — beyond the two-year recusal required by the Biden administration. 
    O’Neill’s ties to the pharmaceutical industry also raise concerns about his post-government employment prospects. As a result, Senator Warren asked him to commit not to work for any company he regulates or otherwise interacts with during his time at HHS for four years after leaving government service. 
    If O’Neill were to take a job in the industry, “the public would reasonably question whether the decisions [he] made in office were influenced by the prospect of future compensation from a company [he] regulated,” said Senator Warren. 
    “The public may also question whether you were cashing in on your executive-branch connections and government expertise to help your new company benefit from insider information to skirt rules that you helped oversee or to curry favor with HHS and/or its subagencies,” the senator continued. 
    Senator Warren reminded O’Neill that both former FDA Commissioner Califf and former NIH Director Monica Bertagnolli agreed to these post-government employment restrictions. Even HHS Secretary Robert F. Kennedy Jr., who refused to give up some of his egregious conflicts, still agreed not to work for a drug company after leaving office. 
    Finally, to mitigate concerns about the revolving door of former government officials lobbying the agencies they once led, Senator Warren pushed O’Neill to commit not to lobby HHS for four years after leaving office, similar to the agreements made by multiple Biden appointees, including Defense Secretary Lloyd Austin, Internal Revenue Service Chief Counsel Marjorie Rollinson, and Treasury Assistant Secretary for Investment Security Paul Rosen.
    “The rampant revolving door of former government leaders lobbying the agencies they once led, while their government relationships remain fresh, erodes Americans’ faith in the federal government,” said Senator Warren. 
    Senator Warren asked O’Neill to answer these ethics commitment requests on the record, including whether he plans to accept any future payment from the companies he’s tied to, by May 14, 2025. 
    Senator Warren has been a leader on enforcing government ethics standards and pressing nominees to address conflicts of interest: 
    In March 2025, Senator Elizabeth Warren wrote to Marty Makary and Jay Bhattacharya, nominees to lead the Food and Drug Administration (FDA) and the National Institutes of Health (NIH), respectively, asking them to address their conflicts of interest ahead of their confirmation hearings.
    In February 2025, Senator Elizabeth Warren and Tim Kaine (D-Va.) called on Mr. Robert F. Kennedy Jr. to recuse himself from former clients’ and employers’ particular matters and commit to not lobbying HHS after his tenure as Secretary.
    In February 2025, following the Senate Finance Committee vote to advance the nomination of Mr. Robert F. Kennedy Jr. for Secretary of Health and Human Services, Senator Elizabeth Warren gave remarks regarding the nominee’s continued conflicts of interest. 
    In February 2025, Senators Warren and Ron Wyden (D-Ore.), Ranking Member on the Senate Finance Committee, wrote to Mr. Robert F. Kennedy Jr., pressing him to urgently resolve his serious conflicts of interest before the committee vote Wednesday morning.
    In January 2025, following pressure from Senate Democrats, Mr. Robert F. Kennedy Jr. agreed to amend his flawed ethics agreement (see Warren QFRs at the end of Part 2 and start of Part 3).
    In January 2025, at a hearing of the Senate Finance Committee, Senator Elizabeth Warren questioned Mr. Robert F. Kennedy Jr., nominee for Secretary of Health and Human Services, about his dangerous conflicts of interest and record of profiting from anti-vaccine conspiracies.
    In January 2025, ahead of Mr. Robert F. Kennedy Jr.’s confirmation hearing for Secretary of Health and Human Services, Senator Elizabeth Warren sent a 34-page letter detailing her concerns with his nomination and asked him to answer 175 questions ahead of his hearing before the Finance Committee.
    In January 2025, Senator Elizabeth Warren wrote to Trump Transition Co-Chairs Howard Lutnick and Linda McMahon, urging them to make the White House’s ethics pledge for incoming appointees as strong as possible and outlining specific provisions to do so. The letter came at the end of the first week of confirmation hearings for President-elect Trump’s cabinet nominees, many of whom have been found to have serious conflicts of interest and massive wealth.
    In December 2024, Senators Elizabeth Warren, Ron Wyden (D-Ore.), Dick Durbin (D-Ill.), Jeff Merkley (D-Ore.), and Representative Lloyd Doggett (D-Texas) wrote to Dr. Mehmet Oz, President-elect Donald Trump’s pick to lead the Centers for Medicare & Medicaid Services, raising stark concerns about his advocacy to eliminate traditional Medicare and his deep financial ties to the private health insurers that would benefit from that move.
    In November 2024, in response to the news that President-elect Donald Trump selected Robert F. Kennedy Jr. to serve as Secretary of Health and Human Services, Senator Elizabeth Warren released a statement calling him a “danger to public health, scientific research, medicine, and health care coverage for millions of Americans.”
    In January 2022, Senator Elizabeth Warren secured a commitment from then-FDA Commissioner nominee Dr. Robert Califf to recuse himself from matters involving his former employers and clients for four years, two years longer than what was required in the Biden administration’s Ethics Pledge. He also agreed not to seek employment with or compensation, including as a result of board service, from any pharmaceutical or medical device company that he interacts with during his tenure as FDA Commissioner for four years after completing his government service. 
    In December 2020, Senator Elizabeth Warren and Representative Jayapal introduced the Anti-Corruption and Public Integrity Act, the most ambitious anti-corruption legislation since Watergate, which would outlaw corrupt revolving-door schemes so that public servants are serving the public – not the financial interests of themselves or giant corporations.
    In March 2020, President Trump signed the bipartisan Presidential Transition Enhancement Act into law, which included major provisions of Sen. Warren’s (D-Mass.) Transition Team Ethics Improvement Act.
    In September 2019, the Senate passed a key provision of the Transition Team Ethics Improvement Act introduced by Senators Warren and Tom Carper (D-Del.) to enhance the ethics requirements that govern presidential transitions.
    In November 2016, as President Trump prepared to take office, Senator Elizabeth Warren and Chairman Cummings requested a GAO investigation of the chaotic Trump transition. In September 2017, Government Accountability Office (GAO) released the results of the investigation, finding that the Trump transition team ignored advice from the Office of Government Ethics and failed to follow past precedents regarding ethics and presidential transitions.

    MIL OSI USA News –

  • MIL-OSI USA: NORTHUMBERLAND COUNTY – Pennsylvania Department of Aging to Announce $3 Million Investment in Senior Community Centers to Benefit Older Pennsylvanians and Keep Them Connected in Their Communities

    Source: US State of Pennsylvania

    May 14, 2025 – Herndon, PA

    ADVISORY – NORTHUMBERLAND COUNTY – Pennsylvania Department of Aging to Announce $3 Million Investment in Senior Community Centers to Benefit Older Pennsylvanians and Keep Them Connected in Their Communities

    Pennsylvania Department of Aging Secretary Jason Kavulich will join Northumberland County leaders to announce the recipients of $3 million in Senior Community Center (SCC) competitive grants that help those centers complete larger-scale projects such as updating and modernizing facilities, providing new health and entertainment programs, upgrading technology, and enhancing nutrition services.

    SCCs throughout Pennsylvania welcome thousands of older adults through their doors every day with services that help them stay healthy and connected to their communities: nutritious meals, educational opportunities, transportation services, financial and insurance counseling, and exercise programs.

    The grant funding is appropriated by the General Assembly from the Pennsylvania Lottery.

    WHO:
    Secretary of Aging Jason Kavulich
    Northumberland County Commissioners Sam Schiccatano and Meghan Beck
    Olivia Sims, Administrator, Northumberland County Area Agency on Aging
    Erica Miller, Director, Herndon Adult Community Center

    WHEN:
    Wednesday, May 14, 2025, 12:00 PM

    WHERE:
    Herndon Adult Community Center
    5089 State Route 147
    Herndon, PA 17830

    MEDIA RSVP:
    Media interested in attending must RSVP with the name of photographer/reporter to

      • Full Advisory

    MIL OSI USA News –

  • MIL-OSI Security: Harbour Grace — Man arrested by RCMP East District General Investigation Section following internal fraud investigation

    Source: Royal Canadian Mounted Police

    Following an investigation that began in April 2023, charges have been laid by RCMP NL’s East District General Investigation Section (GIS) against 53-year-old Craig Williams.

    In April 2023, Independent Fish Harvesters Ltd. contacted the RCMP about possible internal fraud. Williams, who was the company’s office manager and accountant, was suspected as being involved.

    As part of the investigation, RCMP GIS engaged the Forensic Accounting Management Group (FMAG) and a forensic financial audit was completed. The investigation discovered internal fraud in excess of $125,000.00.

    Williams was arrested on March 12, 2025, and is charged with the following criminal offences:

    • Fraud over $5,000.00 – four counts
    • Theft over $5,000.00

    Williams is set to attend court in Harbour Grace on July 2, 2025.

    RCMP East District GIS thanks Independent Fish Harvesters Ltd. and FAMG for their cooperation and assistance provided during the police investigation.

    MIL Security OSI –

  • MIL-OSI: Euronext completes the acquisition of Admincontrol

    Source: GlobeNewswire (MIL-OSI)

    Euronext completes the acquisition of Admincontrol

    The integration of Admincontrol accelerates Euronext Corporate Solutions development in the Nordics and scales up Euronext’s SaaS offering.

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 13 May 2025 – Euronext, the leading European capital market infrastructure, today announces that it has completed the acquisition of 100% of the shares of Admincontrol for an enterprise value of NOK 4,650 million. The transaction complies with Euronext’s capital allocation policy, with a ROCE expected to exceed WACC between years three to five after closing1.

    Admincontrol will be part of Euronext Corporate Solutions, strengthening the development of the franchise in the Nordics and the UK. The acquisition accelerates Euronext’s strategic ambition to scale up its SaaS offering and increases Euronext’s share of subscription-based revenue. It more than doubles the size of the Euronext governance offering and broadens capabilities with state-of-the-art solutions addressing mission-critical workflows.

    Admincontrol has seen double-digit annual growth over the last five years and recorded NOK 452 million of revenues and NOK 200 million of EBITDA and 44% EBITDA margin in 20242. From the second quarter of 2025, Admincontrol’s revenue will be integrated into Euronext’s revenue line Corporate and Investor Solutions and Technology Services, which represented €170.8 million in 20243.

    Stéphane Boujnah, CEO of Euronext, said: “The acquisition of Admincontrol positions Euronext Corporate Solutions as a leader in the governance SaaS space and expands our access to new clients in the Nordics where we have already expanded our presence over the years with promising growth prospects. Admincontrol will benefit from Euronext Corporate Solutions’ unique network and expertise across Europe to boost the growth of its state-of-the-art governance solutions. We look forward to welcoming Admincontrol’s talented teams to further accelerate the deployment of its strategy in Europe.”

    Møyfrid Øygard, CEO of Admincontrol, said: “Joining Euronext is a significant milestone in Admincontrol’s growth journey. Excellent governance is critical for the Euronext network of issuers and customers, and we are excited to bring our complementary product offering to market, supporting Euronext Corporate Solutions’ business and its position in the Nordics.”

    CONTACTS  

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

            Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

            Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Andrea Monzani         +39 02 72 42 62 13                 

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                

    Corporate Solutions        Andrea Monzani         +39 02 72 42 62 13                          

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

    1 The cashflow related to the transaction will be communicated as part of Q2 2025 results
    2 Based on unaudited figures
    3 Based on Euronext’s new reporting framework: http://www.euronext.com/en/media/13322/download

    Attachment

    The MIL Network –

  • MIL-OSI: Foodie Squirrel ($FDS) Sells Out on NovaMeme; IEO Launching on Toobit Speed Zone

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, May 13, 2025 (GLOBE NEWSWIRE) — Foodie Squirrel ($FDS), a meme token created to bring food lovers into the Web3 ecosystem, has successfully completed its Initial DEX Offering (IDO) on NovaMeme, selling out in just five minutes. The strong market response underscores growing interest in community-powered tokens with cultural relevance.

    Following this milestone, Foodie Squirrel will launch its Initial Exchange Offering (IEO) on Toobit Speed Zone, offering broader access to the token ahead of its official listing on Toobit. This exclusive token launch feature gives users early access to emerging tokens ahead of their official listing, giving new projects greater visibility while providing users with a valuable first-mover advantage.

    “Foodie Squirrel’s IDO generated some of the fastest engagement we’ve seen on NovaMeme,” said Perry, founder of NovaMeme. “It’s a great example of how storytelling, culture, and utility can combine to capture real user interest. We’re excited to support the project as it grows its presence across the Web3 space.”

    Foodie Squirrel is designed to engage users at the intersection of food culture and decentralized finance. With an emphasis on community participation, digital ownership, and social engagement, Foodie Squirrel aims to foster an inclusive ecosystem centered around shared passion and online expression.

    The token’s IDO was hosted on NovaMeme, a decentralized launchpad that supports early-stage projects through transparent, community-first fundraising models. Backed by Mantle EcoFund, Bybit, Bybit Web3, HashKey, and OKX, NovaMeme continues to attract high-interest projects within the meme and culture-driven crypto space.

    For more information on Foodie Squirrel, visit: https://www.foodiesquirrel.com/

    About NovaMeme

    NovaMeme is a leading decentralized finance (DeFi) launchpad that empowers creators and traders. Dedicated to offering fair and innovative asset launch solutions, the fundraising platform bridges the gap between early-stage projects and the DeFi community. NovaMeme is community-first, and is supported by Mantle Ecofund, Bybit, Bybit Web3, Hashkey, and OKX.

    For more information about NovaMeme, visit: Website | X | Telegram | Discord

    Contact: Davin C.
    Email: pr@nova.meme
    Toobit
    market@toobit.com
    Website: www.toobit.com

    Disclaimer: This is a paid post and is provided by Toobit. 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/734073db-e268-43f1-9bd2-c64d0a9a17ca

    The MIL Network –

  • MIL-OSI: AMD and HUMAIN Form Strategic, $10B Collaboration to Advance Global AI

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif. and RIYADH, Saudi Arabia, May 13, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) and HUMAIN, Saudi Arabia’s new AI enterprise, today announced a landmark agreement to build the world’s most open, scalable, resilient, and cost-efficient AI infrastructure, that will power the future of global intelligence through a network of AMD-based AI computing centers stretching from the Kingdom of Saudi Arabia to the United States.

    As part of the agreement, the parties will invest up to $10B to deploy 500 megawatts of AI compute capacity over the next five years. The AI superstructure built by AMD and HUMAIN will be open by design, accessible at scale, and optimized to power AI workloads across enterprise, start-up and sovereign markets. HUMAIN will oversee end-to-end delivery, including hyperscale data center, sustainable power systems, and global fiber interconnects, and AMD will provide the full spectrum of the AMD AI compute portfolio and the AMD ROCm™ open software ecosystem.

    “At AMD, we have a bold vision to enable the future of AI everywhere – bringing open, high-performance computing to every developer, AI start-up and enterprise around the world,” said Dr. Lisa Su, Chair and CEO, AMD. “Our investment with HUMAIN is a significant milestone in advancing global AI infrastructure. Together, we are building a globally significant AI platform that delivers performance, openness and reach at unprecedented levels.”

    “This is not just another infrastructure play – it’s an open invitation to the world’s innovators,” said Tareq Amin, CEO of HUMAIN. “We are democratizing AI at the compute level, ensuring that access to advanced AI is limited only by imagination, not by infrastructure.”

    With initial deployments already underway across key global regions, the collaboration is on track to activate multi-exaflop capacity by early 2026, supported by next-gen AI silicon, modular data center zones, and a developer-enablement focused software platform stack built around open standards and interoperability.

    Full-Spectrum AI at Scale

    The collaboration will deliver a market-defining value proposition by combining the Kingdom’s energy resources, AI-ready workforce and forward-looking national AI policies with the AMD full-spectrum AI stack including:

    • AMD Instinct™ GPUs, with industry-leading memory and inference performance.
    • AMD EPYC™ CPUs, offering world-class compute density and energy efficiency.
    • AMD Pensando™ DPUs, enabling scalable, secure, and programmable networking.
    • AMD Ryzen™ AI, bringing on-device AI compute to the edge.
    • AMD ROCm open software ecosystem with built-in support for all AI frameworks (PyTorch, SGLang, etc.)

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ:AMD) website, blog, LinkedIn and X pages.

    About Humain
    HUMAIN, a PIF company, is a global artificial intelligence company delivering full-stack AI capabilities across four core areas – next-generation data centers, hyper-performance infrastructure & cloud platforms, advanced AI Models, including the world’s most advanced Arabic multimodal LLMs, and transformative AI Solutions that combine deep sector insight with real-world execution. HUMAIN’s end-to-end model serves both public and private sector organisations, unlocking exponential value across all industries, driving transformation and strengthening capabilities through human-AI synergies. With a growing portfolio of sector-specific AI products and a core mission to drive IP leadership and talent supremacy world-wide, HUMAIN is engineered for global competitiveness and national distinction. www.humain.ai

    AMD, the AMD logo, AMD Instinct, AMD ROCm, EPYC, Pensando, Ryzen and combinations thereof are trademarks of Advanced Micro Devices, Inc.

    Cautionary Statement
    This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as, the expected benefits of the collaboration between AMD and HUMAIN; the expected plans to deploy up to 500 megawatts of AI infrastructure over the next five years; the ability of AMD to provide its AMD AI compute portfolio and software ecosystem; and the ability of the collaboration to activate multi-exaflop capacity by 2026, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: the impact of government actions and regulations such as export regulations, tariffs and trade protection measures, and licensing requirements; Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; competitive markets in which AMD’s products are sold; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; AMD’s ability to introduce products on a timely basis with expected features and performance levels; loss of a significant customer; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes, the revolving credit agreement and the ZT Systems credit agreement; impact of acquisitions, joint ventures and/or strategic investments on AMD’s business and AMD’s ability to integrate acquired businesses, including ZT Systems; AMD’s ability to sell the ZT Systems manufacturing business; impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

    The MIL Network –

  • MIL-OSI: FAVO Capital Announces Participation in the D. Boral Capital Inaugural Global Conference

    Source: GlobeNewswire (MIL-OSI)

    FORT LAUDERDALE, Fla., May 13, 2025 (GLOBE NEWSWIRE) — via IBN — FAVO Capital, Inc. (OTC: FAVO) (“FAVO Capital” or the “Company”), a leading provider of revenue-based funding solutions for small and medium-sized businesses (SMBs), today announced that it will participate in the D. Boral Capital Inaugural Global Conference, where Shaun Quin, President of FAVO Capital, will engage with potential investors and highlight the Company’s growth strategy and market opportunities.

    Conference Details:

    • Date: Wednesday, May 14, 2025
    • Location: New York City
    • Venue: The Plaza Hotel

    “We are looking forward to engaging with potential investors and learning what exactly the industry is looking for in a company about to IPO”. Said Vincent Napolitano, CEO of FAVO Capital, he added, “We believe this platform will showcase the company to new and potential investors.”

    The D. Boral Capital Inaugural Global Conference is a premier event bringing together emerging growth issuers and institutional investors. With approximately seventy-five companies presenting and hundreds of institutional investors in attendance, the conference provides FAVO Capital with a platform to showcase its innovative funding solutions and engage directly with the investment community.

    “We are excited to participate in the D. Boral Capital Inaugural Global Conference,” said Shaun Quin, President of FAVO Capital. “This event is an excellent opportunity for us to connect with investors, share our strategy, and highlight our growth story as we embark towards an uplisting.”

    Investors attending the conference are encouraged to reach out to FAVO Capital to arrange one-on-one meetings with the Company’s management team.

    About FAVO Capital, Inc.

    FAVO Capital, Inc. (OTC: FAVO) is a private credit firm specializing in alternative financing solutions for small and medium-sized businesses (SMBs) across the United States. Since its inception, FAVO Capital has supported more than 10,000 businesses. FAVO Capital is committed to financial transparency, sustainable growth, and empowering SMBs with flexible funding solutions. Headquartered in Fort Lauderdale, FL, the company also has operations in New York and the Dominican Republic.

    For more information, visit www.favocapital.com and follow us on LinkedIn and X.

    Investor Alerts

    Interested investors and shareholders are encouraged to sign up for press releases and industry updates by registering for Email Alerts at FAVO News Alerts.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, projections, estimates, and expectations regarding future trends, financial performance, and operational strategies. Forward-looking statements are often identified by words such as “expects,” “anticipates,” “intends,” “believes,” “plans,” “seeks,” “estimates,” “may,” “will,” “should,” or similar expressions.

    These statements are based on the company’s current beliefs, expectations, and assumptions and are subject to significant risks, uncertainties, and changes in circumstances that could cause actual results to differ materially from those expressed or implied. Factors that may cause such differences include, but are not limited to, market conditions, regulatory developments, competition, economic conditions, and the company’s ability to execute its business strategy.

    Actual results may differ materially from those anticipated, and investors are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to update or revise any forward-looking statements to reflect events, circumstances, or changes in expectations after the date of this press release, except as required by law.

    Company Contact:

    FAVO Capital, Inc.
    4300 N University Drive
    D-105
    Lauderhill, FL 33351

    Investor Relations:
    Scott McGowan
    InvestorBrandNetwork (IBN)
    Phone: 310.299.1717
    ir@favocapital.com

    The MIL Network –

  • MIL-OSI: Santech Holdings Limited Files Its Fiscal Year 2024 Annual Report on Form 20-F

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, May 13, 2025 (GLOBE NEWSWIRE) — Santech Holdings Ltd. (“Santech” or the “Company”) (NASDAQ: STEC) today announced that it has filed its annual report containing its audited combined financial statements for the fiscal year ended June 30, 2024 on Form 20-F with the Securities and Exchange Commission (the “SEC”) on May 13, 2025 Eastern Time. The annual report can be accessed on Santech’s investor relations website at https://ir.santechholdings.com and on the SEC’s website at http://www.sec.gov. The Company will provide hard copies of the annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be sent to ir@santechholdings.com.

    About Santech Holdings Limited

    Santech Holdings Limited (NASDAQ: STEC) is a technology-focused company. The Company historically served a large number of high net-worth clients in China and Hong Kong in wealth management, asset management and health management, and accumulated a large customer base. The Company has since exited or disposed of its historical businesses in financial services, and is actively exploring innovative new opportunities in technology verticals, including and not limited to consumer technologies and enterprise technologies. For more information, please visit https://ir.santechholdings.com.

    Safe Harbor Statement

    This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “anticipate,” “estimate,” “forecast,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    Investor Contact:

    Santech Holdings Limited
    Email: ir@santechholdings.com

    The MIL Network –

  • MIL-OSI USA: ICE, law enforcement partners arrest almost 200 alien offenders during 4-day immigration enforcement operation in Washington, D.C.

    Source: US Immigration and Customs Enforcement

    WASHINGTON — U.S. Immigration and Customs Enforcement working with law enforcement partners apprehended 189 illegal aliens and served notices of inspection to 187 local businesses during an enhanced targeted immigration enforcement operation focusing on criminal alien offenders operating in and around Washington, D.C. May 6 to May 9.

    “The District of Columbia is exponentially safer today because of countless hours of investigative work and dedication to duty displayed by ICE Washington, D.C. and our law enforcement partners,” said ICE Enforcement and Removal Operations Washington, D.C. Field Office Director Russell Hott. “Working with our partner agencies, ICE officers and agents arrested 189 illegal aliens and removed them from the streets of our nation’s capital. Throughout this enhanced enforcement operation, we targeted the most dangerous alien offenders in some of the most crime-infested neighborhoods in the city of Washington, D.C. Evil is powerless if the good are unafraid. I commend the efforts of everyone involved, as all were truly committed to the success of this operation. ICE Washington, D.C. remains dedicated to our mission of prioritizing public safety by arresting and removing criminal offenders from our nation’s capital and surrounding communities.”

    During the four-day enhanced operation, ICE’s ERO and Homeland Security Investigations directorates and their law enforcement partners from the U.S. Attorney’s Office for the District of Columbia, the Virginia Department of Corrections, the FBI, the ATF, the DEA, the U.S. Marshals Service and the U.S. State Department’s Diplomatic Security Service targeted criminal alien offenders including members of transnational criminal organizations known to operate in and around Washington, D.C. These organizations include the notorious MS-13, Tren de Aragua and 18th Street gangs.

    “The success of this enhanced operation highlights the resolve of ICE and our federal partners in keeping our country safe from criminal alien offenders,” said ICE Homeland Security Investigations Washington, D.C. Acting Special Agent in Charge Christopher Heck. “Many of the aliens arrested have egregious criminal histories to include violent crimes against residents of our Washington, D.C. communities. I am exceptionally grateful for the professionalism and dedication of our ICE HSI Washington, D.C. special agents as well as the unwavering support from our law enforcement partners during this operation to remove dangerous alien offenders from our Washington, D.C. communities.”

    Aside from targeting criminal alien offenders at large, ICE also served 187 notices of inspection to Washington, D.C. business to ensure they are complying with U.S. immigration and employment laws.

    “Thanks to President Trump’s leadership and this administration’s focus on law and order, these arrests represent a major step forward in making Washington, D.C., safer for legal citizens and their families,” said U.S. Attorney Edward R. Martin Jr. “These arrests make clear that violating our nation’s immigration laws will not be ignored.”

    ICE and their law enforcement partners made many of the apprehensions after local jurisdictions refused to honor immigration detainers and released the alien offenders back into their communities.

    “The Diplomatic Security Service is a key partner in the United States’ work to reduce illegal immigration and root out those who endeavor to exploit the U.S. travel system,” said Diplomatic Security Service Washington Field Office Special Agent in Charge David Richeson. “DSS proudly coordinates with our U.S. and international law enforcement partners to investigate transnational crimes and apprehend fugitives who violate U.S. law.”

    Among those arrested during the enhanced targeted operation include the following:

    • A 47-year-old illegally present Guatemalan alien whose criminal history includes drug possession, illegal reentry, aggravated assault, trespassing, disorderly conduct and sexual assault. His current criminal charges include unlawful reentry of a previously deported alien, disorderly conduct, lewd acts, possession of a controlled substance, sex abuse, assault with a dangerous weapon and possessing an open container. Additionally, he has numerous gang-affiliated tattoos on his arms, legs and chest.

    • A 25-year-old illegally present Guatemalan alien whose criminal history includes threat to kidnap, attempted possession of a prohibited weapon, threats to bodily harm and simple assault. He is currently charged with alien present without admission or parole.

    • A 30-year-old illegally present Salvadoran alien whose criminal history includes simple assault, driving while intoxicated, brandishing a machete and unauthorized use of a vehicle. He is currently charged with alien present without admission or parole. 

    • A 36-year-old illegally present Mexican alien whose criminal history includes misdemeanor larceny, misdemeanor indecent exposure, possession of an open container, simple assault, theft, unlawful entry, and possession of prohibited weapon – knife, a misdemeanor. He is currently charged with being an alien present without admission or parole.

    Members of the public can report crimes and suspicious activity by dialing 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

    Learn more about ICE’s mission to increase public safety in our communities on X at @EROWashington.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: CE leads delegation to begin visit to Kuwait (with photos/ videos)

    Source: Hong Kong Government special administrative region

    CE leads delegation to begin visit to Kuwait (with photos/ videos) 
    In the morning, Mr Lee met with the Amir of Kuwait, Mr Meshal Al-Ahmad Al-Jaber Al-Sabah, who is the head of state of Kuwait; the Crown Prince of Kuwait, Mr Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah; and the Acting Prime Minister, Mr Fahad Yousuf Saud Al-Sabah, to exchange views on strengthening co-operation between Hong Kong and Kuwait. Mr Lee then attended a roundtable meeting chaired by the Acting Prime Minister, engaging in in-depth discussions with senior officials of the Kuwait Government on areas such as finance, trade, and innovation and technology (I&T). Mr Lee and the Acting Prime Minister witnessed the signing of Memoranda of Understanding by Invest Hong Kong and the Hong Kong Trade Development Council with the Kuwait Direct Investment Promotion Authority respectively. He and the delegation also participated in a luncheon hosted by the Acting Prime Minister.
     
    Mr Lee noted that Kuwait is the first member of the Cooperation Council for the Arab States of the Gulf (GCC) to sign both an Investment Promotion and Protection Agreement and a Comprehensive Avoidance of Double Taxation Agreement with Hong Kong, establishing a robust framework and foundation for economic and trade co-operation between the two places.
     
    He said that Kuwait has been actively developing a diversified economy in recent years, proposing Kuwait Vision 2035 to promote digital transformation and develop the country into a regional and international financial and trade centre. Hong Kong, as an international financial, shipping and trade centre with world-class professional services, has vast opportunities for co-operation with Kuwait in areas such as finance, investment, digital economy, and I&T, and can assist Kuwait in advancing its Vision 2035. Noting that Kuwait is the rotating President of the GCC currently, Mr Lee expressed his anticipation to strengthen co-operation between Hong Kong and Kuwait, adding that he looks forward to establishing closer economic, trade and cultural exchanges with more GCC member states.
     
    Mr Lee highlighted that Hong Kong enjoys the advantage of connecting the country with the world under the “one country, two systems” principle. Hong Kong will fully leverage its role as a bridge to serve enterprises in going global and attracting external investment, complementing the strengths of Mainland enterprises while deepening international exchanges and co-operation. He welcomed the Kuwaiti Government and enterprises to utilise Hong Kong’s role as a “super connector” and “super value-adder” to explore new opportunities under the Belt and Road Initiative for mutual benefit.
     
    Later, Mr Lee and the delegation met with representatives of a local corporation, Bukhamseen Group Holding Company, to learn about the latest developments in the company’s businesses in construction, real estate, financial services, and culture and tourism. Mr Lee introduced Hong Kong’s development opportunities and its highly internationalised and market-oriented business environment with its pool of professional services talent. He welcomed the company to use Hong Kong as a springboard to develop diversified businesses and tap into the Mainland market, better grasping the immense opportunities brought by the Belt and Road Initiative and the development of the Guangdong-Hong Kong-Macao Greater Bay Area.
     
    Mr Lee then visited the Sheikh Abdullah Al Salem Cultural Centre to learn about Kuwait’s arts and culture projects and developments. The Sheikh Abdullah Al Salem Cultural Centre, which opened in 2018, comprises eight buildings, six of which are museums with different themes, housing a total of 22 display halls.
     
    Mr Lee said that the Hong Kong Special Administrative Region (HKSAR) Government is committed to developing Hong Kong into an East-meets-West centre for international cultural exchanges, with the West Kowloon Cultural District as one of the world’s largest arts and culture projects. Both Hong Kong and Kuwait place importance on arts and culture development, and he said he looks forward to further deepening connections and co-operation in cultural exchanges between the two places.
     
    The delegation led by Mr Lee attended a dinner hosted by the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the State of Kuwait, Mr Zhang Jianwei. Mr Lee expressed gratitude to the Embassy for making meticulous arrangements for this visit and for its continued support to the HKSAR Government and the Hong Kong Economic and Trade Office in Dubai. The HKSAR Government will continue to promote economic, trade, and cultural exchanges between Hong Kong and Kuwait.
     
    Mr Lee will lead the delegation to continue its visit to Kuwait tomorrow (May 14), meeting with local political and business leaders, and visiting enterprises.
    Issued at HKT 23:47

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI USA News: FOUR-YEAR LOW: Prices for Essentials Fall as Workers See Relief in President Trump’s Economy

    Source: The White House

    Inflation has fallen to the lowest level in more than four years as April’s Consumer Price Index smashes expectations for the third straight month in President Donald J. Trump’s Golden Age.

    Here’s what you need to know:

    • Grocery prices saw their largest decline in nearly five years.
    • Gas prices fell for the third month in a row.
    • Egg prices saw the largest one-month decline in more than four decades.
    • Workers’ real wages are up 1.9%, increasing each of the last three months.
    • Prices for airfare, energy, hotels, and used vehicles are all down compared to last year.

    Here’s what they’re saying:

    • Bloomberg’s Augusta Saraiva: “US inflation rose by less than forecast in April amid tame prices for clothing and new cars, suggesting little urgency so far by companies to pass along the cost of higher tariffs to consumers.”
    • Investopedia Editor-in-Chief Caleb Silver: “The smoke was much worse than the fire … A big part of that was the drop in gasoline prices. This is very significant for households … That drop in gasoline and energy prices — a big deal.”
    • Fox Business Network’s Maria Bartiromo: “Oil is down, eggs are down, food is down. We’re seeing that reflected, so all that hysteria over tariffs is not showing up in these numbers.”
    • USA TODAY: Inflation eased to 4-year low in April as Trump’s tariffs took effect, CPI report shows
      • “Prices for groceries, including eggs, used cars and airfares all fell sharply.”
    • Bloomberg: US Consumer Prices Rose Less Than Expected in April
      • “The pace is the slowest since the sprinsg of 2021 when inflation broke out in earnest.”
      • “Grocery prices were down 0.4% on the month, and eggs fell 12.7%, the most since 1984, validating some of President Donald Trump’s messaging.”
    • NBC News: April consumer price index report shows inflation dropped to slowest pace since 2021

    MIL OSI USA News –

  • MIL-OSI Africa: Mauritania’s Gas Future Will Take Center Stage in Exclusive Fireside Chat at Invest in African Energy (IAE) 2025

    Source: Africa Press Organisation – English (2) – Report:

    PARIS, France, May 13, 2025/APO Group/ —

    The Invest in African Energy (IAE) Forum in Paris is set to host a pivotal session – In Conversation with Mauritania – featuring a fireside chat with Mohamed Ould Khaled, Minister of Petroleum and Energy of Mauritania. This exclusive dialogue will examine how large-scale energy projects – including the Greater Tortue Ahmeyim (GTA) LNG development – are ushering in a new era of gas-driven growth in West Africa.

    The GTA project, a collaborative cross-border initiative between Mauritania and Senegal, reached a significant milestone with the launch of first gas production in January 2025. Phase 1 is expected to produce approximately 2.3 million tons of LNG per annum, positioning the two nations as major LNG exporters. The focus now shifts to securing a final investment decision (FID) for Phase 2, which could increase production to 2.5-3 million tons per annum through the implementation of a gravity-based structure, further strengthening the region’s position in the global energy market. FID will depend on continued cross-border cooperation, regulatory alignment and securing additional investment.

    IAE 2025 (https://apo-opa.co/3ZicRSy) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    Beyond the GTA project, the session will highlight other major developments, including Mauritania’s BirAllah gas field, which is currently seeking new development partners. Estimated to hold 80 trillion cubic feet of offshore gas reserves, BirAllah represents a significant opportunity to enhance national energy self-sufficiency while supporting the country’s broader industrial growth.

    Leveraging its exceptional solar and wind resources, Mauritania is also pursuing an ambitious green hydrogen strategy. This includes the $40-billion AMAN project – developed in partnership with CWP – which aims to install 30 GW of renewable energy capacity to produce 1.7 million tons of green hydrogen annually. Other key initiatives include Chariot’s Project Nour and GreenGo’s Megaton Moon. Overall, Mauritania is targeting a 1.5% share of the global hydrogen market by 2050, supported by the implementation of the world’s first national hydrogen law.

    “If these projects progress as planned, Mauritania could emerge as a key leader in Africa’s energy transition, achieving an unprecedented level of energy self-sufficiency, driving socioeconomic development and strengthening its position within the West African energy market,” says Sandra Jeque, Event and Project Director, Energy Capital & Power.

    IAE 2025 offers a strategic platform to spotlight these opportunities, foster dialogue among policymakers and investors, and promote the sustainable development of the region’s natural resources.

    MIL OSI Africa –

  • MIL-OSI USA: Adding More Affordable Mixed-Use Housing in Brooklyn

    Source: US State of New York

    overnor Kathy Hochul and New York City Mayor Eric Adams today announced the completion of Logan Fountain, a new affordable housing development in the Cypress Hills neighborhood of Brooklyn. The $214 million project transformed a vacant parcel into affordable apartments, transitional housing for homeless families, and new retail space. With 343 total units, the new building includes 173 affordable apartments and 169 units of transitional housing, as well as one unit reserved for a superintendent. The development is a city-state project with investments from New York State Homes and Community Renewal (HCR), New York City Department of Social Services (DSS), and New York City Housing Preservation and Development (HPD). Since the Governor has taken office, HCR has financed over 7,600 affordable homes in Brooklyn. Logan Fountain continues this effort and complements Governor Hochul’s $25 billion five-year housing plan, which is on track to create or preserve 100,000 affordable homes statewide.

    “It’s simple: the only way to address the housing crisis is to build more housing,” Governor Hochul said. “New Yorkers deserve a safe, stable and affordable home. By working together with Mayor Adams and our partners in New York City, we can address the needs of New Yorkers and create the types of modern and sustainable homes that uplift communities and allow families to grow.”

    New York City Mayor Eric Adams said, “Every day, we are working to make New York City more affordable, and our whole-of-government approach is allowing us to partner with Governor Hochul and the state today to deliver over 340 units of affordable and transitional housing. This project will provide exactly the type of long-term stability our families need to help them thrive — providing them access to on-site services, resources, and housing. We are thrilled to open this world-class building with crucial supports and energy efficient designs that will make a lasting impact on hundreds of families, and which will serve as a model for how we can smartly address our decades-long housing crisis.”

    Apartments are available to households earning up to 70 percent of the Area Median Income. Of the 173 affordable apartments, there are 105 supportive apartments with onsite social services including case management, career counseling, mental health support, and referrals to healthcare. Logan Fountain was designed to appeal to families of different sizes and has a mix of studios, one-, two-, and three-bedroom apartments. Additionally, the building includes ground-floor retail, play areas, fitness space, and a courtyard.

    Logan Fountain will also host 169 units of transitional housing for families. Designed with trauma-informed principles, HELP New Leaf will offer critical support for families including clinical care, employment counseling, and housing placement support.

    Logan Fountain’s sustainability measures include rooftop solar panels for on-site energy generation, a Variant Refrigerant Flow heating and cooling system that captures and repurposes heat already in the environment, as well as ENERGY STAR (r) appliances.

    The project to redevelop the vacant site into a mixed-use hub for families was identified in the New York City Department of City Planning’s East New York Neighborhood Plan. The project’s developer is Hudson Companies, Jericho Project is providing the onsite support services, and HELP USA is operating the transitional housing within the building.

    The 173 affordable and supportive apartments at Logan Fountain are supported by HCR’s Federal Low-Income Housing Tax Credit Program which generated nearly $50 million in equity and $18 million of long-term bond financing from its Housing Finance Agency.

    The site is also participating in the New York State Department of Environmental Conservation’s successful Brownfield Cleanup Program and will be eligible for approximately $9 million in tax credits to be issued by the New York State Department of Taxation and Finance. Operational funding for the 105 supportive apartments is being provided by the New York City 15/15 Supportive Housing Program. DSS’s 30-year contract facilitates financing for the development and not-for-profit ownership of the 169 units of transitional housing.

    Additional support included $24 million from HPD’s Supportive Housing Loan Program, $1 million in discretionary capital funding from the New York City Council, and over $150,000 in incentives from the New York State Energy Research and Development Authority.

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “HCR’s investment in affordable housing will bring benefits to Brooklyn’s Cypress Hills community for generations to come. With affordable apartments, family-friendly amenities, and energy-efficient features, Logan Fountain demonstrates the potential housing can have on the lives of New Yorkers and the future of our neighborhoods. We thank Governor Hochul for her dedication to addressing the housing crisis in Brooklyn, and we appreciate the continued collaboration and support from City Hall and our partner agencies.”

    NYSERDA President and CEO Doreen Harris said, “Reimagining vacant infrastructure by incorporating the latest sustainable building technologies moves New York State forward in its just and equitable transition to a clean energy economy. The transformation of Logan Fountain will help to meet the diverse, local needs of the Brooklyn community, while creating comfortable, and affordable spaces for future generations.”

    New York State Department of Environmental Conservation Acting Commissioner Amanda Lefton said, “Cleaning up environmental pollution in communities like Brooklyn unlocks investments in critical needs like affordable housing, transitional housing services, and commercial development. New York State’s Brownfield Cleanup Program is a vital tool that supports community revitalization across the state and the Logan Fountain project in Cypress Hills is a prime example of how this successful cleanup program is helping advance Governor Hochul’s continued efforts to increase affordable, sustainable housing statewide while also protecting public health and the environment.”

    New York City Housing Preservation and Development Acting Commissioner Ahmed Tigani said, “Turning a former gas station into the largest project of its kind in New York City with affordable homes, supportive services, and transitional shelter all under one roof shows what real public-private partnership can deliver. Logan Fountain is a powerful example of what’s possible when we rethink how underused land can serve our communities. These 105 supportive homes, along with critical onsite care, reflect a new model for housing that prioritizes stability, dignity, and opportunity.”

    New York City Department of Homeless Services Administrator Joslyn Carter said, “The Logan Fountain is an exemplary project that transforms underutilized city space into much-needed supportive and transitional housing for vulnerable families. At DHS, we are committed to reimagining the shelter system through innovative high-quality models and strong provider partnerships that enhance our delivery of services and strengthen pathways to long-term housing stability for New Yorkers experiencing homelessness. We are grateful to our partners at HELP USA, The Hudson Companies, and others as we continue to raise the bar on the physical infrastructure of our shelter system.”

    U.S. Senator Charles Schumer said, “I’m proud that the federal Low-Income Housing Tax Credit that I worked hard to protect and expand has generated $68 million to help build Logan Fountain in Cypress Hills, Brooklyn — a new development with 174 affordable apartments and a 169-unit family shelter with on-site support services. I applaud Governor Hochul’s efforts to create and preserve affordable homes across the state, especially for vulnerable New Yorkers, and I will continue working to deliver the federal resources needed for more affordable housing options.”

    State Senator Roxanne J. Persaud said, “This is an incredible addition to the Cypress Hills neighborhood. By providing affordable housing alongside comprehensive wraparound services, Logan Fountain sets a standard for how we should address community needs — strengthening families, supporting vulnerable New Yorkers, and building more resilient neighborhoods.”

    Brooklyn Borough President Antonio Reynoso said, “I am thrilled to see what was once a vacant gas station transformed into a vibrant mixed-use facility with more than 300 units of housing, including transitional housing for our most vulnerable neighbors. Logan Fountain’s unique financing embodies the innovative thinking we need more of to make a dent in our housing crisis. I am so thankful to Governor Hochul and NYS Homes and Community Renewal for supporting Logan Fountain and their long-term commitment to building desperately needed housing in Brooklyn.”

    New York City Council Member Sandy Nurse said, “Logan Fountain will bring hundreds of much-needed affordable, supportive, and transitional housing units to Brooklyn. I am particularly grateful that forty-one percent of the units will be family sized units, which will help stem the exodus of primarily Black families from the city. This project will help stabilize those most in need of permanent housing and allow families to put down roots in East New York.”

    Hudson Companies President David Kramer said, “Logan Fountain stands as the largest project of its kind in New York City — a truly groundbreaking achievement that brings much-needed housing and social services to East New York. Today’s ribbon-cutting marks the transformation of a long-vacant site into a vibrant, mixed-use development designed to support and uplift our most vulnerable residents and tackle the city’s housing crisis. We’re deeply grateful to Governor Hochul for her support in bringing this development to life and to The Jericho Project and Help USA for their vital role in delivering these essential social services.

    Jericho Project CEO Tori Lyon said, “Jericho Project is honored to provide support to the 105 families residing in Logan Fountain’s supportive housing complex — a critical initiative made possible through strong public and private partnership. Through our integrated service model – which includes mental health care, employment support, family counseling, and housing stabilization – our experienced staff will help ensure these families have the tools and support necessary to thrive.”

    HELP USA President and CEO Dan Lehman said, “HELP New Leaf Family Shelter at Logan Fountain is a powerful example of what’s possible when the City and State work in true partnership with nonprofits and private developers. This shelter stands on the site of HELP 1 — our very first family shelter — which opened in the 1980s and set a national standard for transitional housing. As we celebrate HELP USA’s 40th anniversary and our work serving more than 30,000 people each year, New Leaf reflects all we’ve learned since then — a new model of care, services, and design built to meet the complex needs of today’s families. Logan Fountain is more than a building — it’s a commitment to dignity, stability, and opportunity for families rebuilding their lives.”

    Governor Hochul’s Housing Agenda
    Governor Hochul is committed to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the Fiscal Year FY25 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives for Upstate communities, new incentives and relief from certain state-imposed restrictions to create more housing in New York City, a $500 million capital fund to build up to 15,000 new homes on state-owned property, an additional $600 million in funding to support a variety of housing developments statewide and new protections for renters and homeowners. In addition, as part of the FY23 Enacted Budget, the Governor announced a five-year, $25 billion Housing Plan to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. Nearly 60,000 homes have been created or preserved to date.

    The FY25 Enacted Budget also strengthened the Pro-Housing Community Program which the Governor launched in 2023. Pro-Housing certification is now a requirement for localities to access up to $650 million in discretionary funding. Over 300 communities have currently been certified, including the City of New York.

    MIL OSI USA News –

  • MIL-OSI Security: Disrupting criminal finances in Africa: INTERPOL’s Silver Notice

    Source: Interpol (news and events)

    NAIROBI, Kenya – Law enforcement and financial crime experts from across Africa have gathered for a workshop dedicated to promoting and implementing the INTERPOL Silver Notice and Diffusion.

    Organized crime in Africa, as in other regions, thrives on illicit financial flows and the laundered proceeds of crimes such as scams, illegal logging, terrorism and corruption. These crimes are increasingly supported by complex financial structures that span borders.

    Launched in January 2025, the INTERPOL Silver Notice allows participating countries to request information related to criminal assets — such as real estate, vehicles, financial accounts, or businesses — with links to individuals suspected or charged of various offences including fraud, drug trafficking and migrant smuggling. The mechanism supports cross-border intelligence exchange and can lay the groundwork for subsequent requests for asset seizure or confiscation under national legal frameworks.

    The Silver Notice, currently in pilot across 51 countries, is one of several tools—alongside the I-GRIP stop-payment mechanism—empowering agencies to move swiftly against illicit finances and fraud.

    The four-day event (13-16 May) brings together 85 participants from 12 pilot African countries including representatives from INTERPOL National Central Bureaus, financial intelligence units, prosecutors’ offices, judicial authorities and asset recovery focal points. This regional session follows similar workshops held in the Americas and Europe earlier this year.

    Mohamed I. Amin, Director of Kenya’s Directorate of Criminal Investigations, said:

    “The Silver Notice is more than a tool, it is a symbol of global solidarity against crime. By targeting illicit wealth, we strike at the heart of criminal enterprises and uphold justice. Let us commit to leveraging this mechanism, ensuring that crime never pays, anywhere, at any time.”

    Theos Badege, Director pro tempore of INTERPOL’s Financial Crime and Corruption Centre said:

    “Money is the thread that runs through almost every form of organized crime. For some, it’s the motive; for others, the means. To dismantle criminal networks, we must follow the money—identify it, trace it, and disrupt the financial systems that enable these operations to survive and expand.”

    INTERPOL Silver Notice/ Diffusion Pilot: Regional Workshop for Africa

    IFCACC Director: Theos Badege, Director pro tempore of INTERPOL’s Financial Crime and Corruption Centre

    Alena Kern, Head of Development Cooperation of the German Embassy

    DCI Director: Mohamed I. Amin, Director of Kenya’s Directorate of Criminal Investigations

    Building capacity for maximum impact

    Throughout the workshop, participants will explore how to leverage INTERPOL’s full range of capabilities—including its Notices, databases, expert networks, and operational support tools—to conduct financial investigations and disrupt criminal economies. Sessions also focus on emerging technologies, such as the use of cryptocurrencies and blockchain in laundering illicit funds.

    Interactive table-top exercises and case-based discussions are designed to encourage regional exchange, identify common challenges and stimulate the practical use of Silver Notices in ongoing cases.

    The workshop was supported by German Development Cooperation through the GIZ Global Program Combatting Illicit Financial Flows and the GIZ Program on Strengthening Good Governance in Kenya, as well as the EU-joint action SecFin Africa.

    MIL Security OSI –

  • MIL-OSI Security: Lebanese National Sentenced to 14 Years in Prison for Running a Ponzi Scheme

    Source: Federal Bureau of Investigation (FBI) State Crime News

    Note: See the factual proffer here.

    MIAMI – On May 8, 2025, Henry Abdo, 48, of Lebanon, was sentenced to 168 months in prison and ordered to pay a $300,000 fine and $375,479 in restitution by United States District Court Judge William P. Dimitrouleas.

    Abdo pled guilty in federal court to orchestrating a fraudulent scheme that solicited over $6 million from investors under false pretenses. According to court records, Abdo’s company, Titanium Capital LLC, purported to operate a foreign exchange platform that guaranteed fixed returns for investors. In reality, Titanium Capital had no such platform, and Abdo used investor funds to pay off earlier investors and finance his personal lifestyle.

    Beginning in July 2014, Abdo falsely claimed that Titanium Capital was a “zero-risk” investment fund that generated profits from fees on foreign currency transactions. Abdo further deceived investors by claiming Titanium Capital was part of a multibillion-dollar holding company, had developed proprietary software, and was registered with the Securities and Exchange Commission. None of these claims were true.

    Court documents indicate that Abdo solicited investments through in-person meetings, emails, video conferences, and phone calls. Abdo directed potential investors to websites and promotional materials that falsely depicted Titanium Capital as a legitimate enterprise. In truth, Titanium operated as a classic Ponzi scheme, using funds from new investors to pay earlier investors while diverting large sums of money for Abdo’s personal use, including international travel and other expenses.

    In addition to fraudulent investment claims, court records reveal that Abdo attempted to bolster his credibility by falsely associating himself with various charitable and educational organizations. Abdo also falsely claimed that Titanium Capital’s profits were donated to assist the blind and handicapped.

    After soliciting millions from over 200 investors, Abdo’s scheme unraveled. Many victims were financially devastated. Several victims reported losing retirement accounts and personal savings that they had relied on for basic living expenses, such as food and medication.

    U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida and acting Special Agent in Charge Brett Skiles of the FBI, Miami Field Office, made the announcement. 

    FBI Miami’s Palm Beach Resident Agency investigated the case. 

    Assistant U.S. Attorney Jonathan Bailyn and Justin Chapman in West Palm Beach, Florida, prosecuted it.  

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case number 23-cr-80209.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Six Defendants Sentenced for Their Roles in Drug Trafficking Organization

    Source: Federal Bureau of Investigation (FBI) State Crime News

    ATLANTA – Six members of a drug trafficking organization have been sentenced for their roles in distributing deadly fentanyl and methamphetamine throughout the metro-Atlanta area.

    “These defendants distributed substantial amounts of fentanyl and methamphetamine with no regard for the grave public safety risk,” said Acting U.S. Attorney Richard S. Moultrie, Jr. “Our Office will continue to closely coordinate with our federal, state, and local law enforcement partners to prosecute drug traffickers and prevent dangerous narcotics from poisoning our communities.”

    “These drug traffickers endangered countless lives by distributing large quantities of deadly fentanyl and methamphetamine,” Jae W. Chung, the Acting Special Agent in Charge of the DEA Atlanta Division commented on the case. “DEA will continue to aggressively pursue the criminals that contribute to the drug crisis.”

    “This case highlights the critical role Homeland Security Investigations plays in dismantling transnational drug trafficking organizations operating in our communities,” said Steven N. Schrank, Special Agent in Charge of Homeland Security Investigations in Georgia and Alabama. “The defendants in this case were responsible for introducing massive quantities of deadly narcotics into the metro-Atlanta area—methamphetamine that was trafficked across borders, chemically altered, and distributed without regard for the devastating impact on public health and safety. Through the combined efforts of HSI and our federal, state, and local partners, we’ve disrupted a dangerous supply chain and brought key members of this organization to justice.”

    According to Acting U.S. Attorney Moultrie, the charges, and other information presented in court: In 2022, federal special agents discovered that a drug trafficking organization (DTO) was distributing drugs obtained from a Mexico-based supplier throughout metro-Atlanta. These drugs included methamphetamine which arrived from Mexico in liquid form and was converted to crystal methamphetamine.

    During an early phase of the investigation, defendant Erik Rosales-Lopez was arrested in December 2022 at a residence used to process liquid methamphetamine that had been mixed with paint. Rosales Lopez had distributed methamphetamine on three previous occasions, including to an undercover agent. During a search of his residence, investigators seized 11 kilograms of finished crystal methamphetamine. 

    In April 2023, agents surveilled defendants Brayan Garcia-Picasso and Bryan Pacheco-Carranza as they left a residence believed to be used as a methamphetamine lab. Local law enforcement then conducted a traffic stop of their vehicle. Police officers seized approximately 16 kilograms of methamphetamine during a search of the vehicle. Agents later searched the residence as well and, while doing so, confirmed that the location was a methamphetamine lab. The agents found approximately six kilograms of methamphetamine and methamphetamine conversion equipment on the premises.

    Following the arrests of Garcia-Picasso and Pacheco-Carranza, agents continued to investigate the DTO. In June 2023, defendant Alex Chamorro-Valencia was arrested after a search of a vehicle he was driving was found to contain nearly a kilogram of methamphetamine. Investigators also searched the residence from which he was seen departing and discovered a second methamphetamine lab used by the DTO. Agents recovered 15 gallons of liquid methamphetamine and 135 kilograms of finished crystal methamphetamine in the residence. Defendant Hedgarciney Gameno-Cortez was encountered in the residence and arrested.  

    The following defendants were convicted and sentenced:

    • Juventino Rodriguez was sentenced earlier today by U.S. District Judge Victoria M. Calvert to 54 months in prison followed by four years of supervised release. Rodriguez was convicted of conspiracy to possess with intent to distribute fentanyl after he pled guilty on December 19, 2024.
    • Garcia-Picasso was sentenced by U.S. District Judge Michael L. Brown to 12-and-a-half years in prison followed by four years of supervised release. Garcia-Picasso was convicted of conspiracy to possess with intent to distribute methamphetamine after he pled guilty on November 7, 2023.
    • Pacheco-Carranza was sentenced by Judge Brown to six years in prison followed by three years of supervised release. Pacheco-Carranza was convicted of conspiracy to possess with intent to distribute methamphetamine after he pled guilty on January 18, 2024.
    • Chamorro-Valencia was sentenced by U.S. District Judge Eleanor L. Ross to eight years in prison followed by four years of supervised release. Chamorro-Valencia was convicted of conspiracy to possess with intent to distribute methamphetamine and cocaine after he pled guilty on October 16, 2023.
    • Hedgarciney Gameno-Cortez was sentenced by Judge Ross to eight years in prison followed by four years of supervised release. Gameno-Cortez was convicted of conspiracy to possess with intent to distribute methamphetamine and cocaine after he pled guilty on February 28, 2024.
    • Erik Josue Rosales-Lopez was sentenced by U.S. District Judge Steven D. Grimberg to seven years in prison followed by three years of supervised release. Rosales-Lopez was convicted of conspiracy to possess with intent to distribute methamphetamine and possession with intent to distribute methamphetamine after he pled guilty on July 31, 2023.

    The case was investigated by the Drug Enforcement Administration and Department of Homeland Security’s Homeland Security Investigations, with valuable assistance from the Clayton County Police Department, Henry County Police Department, Georgia State Patrol, DeKalb County Police Department, Fulton County Sheriff’s Office, and Cobb County Sheriff’s Office.

    Assistant U.S. Attorneys Lauren E. Renaud and Sandra E. Strippoli, and former Assistant U.S. Attorney Zachary Howard, prosecuted the case. 

    This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. The specific mission of the David G. Wilhelm Atlanta OCDETF Strike Force (Atlanta Strike Force) is to eliminate transnational organized crime syndicates and major drug trafficking and money laundering organizations in the Atlanta metropolitan area and the Northern District of Georgia. To accomplish this mission, the Atlanta Strike Force will target these organizations’ leaders, focusing on targets designated as Consolidated Priority Organization Targets, Regional Priority Organization Targets, and their associates.  The Atlanta Strike Force is comprised of agents and officers from ATF, DEA, FBI, HSI, USMS, USPIS, and IRS, as well as numerous state and local agencies; and the prosecution is being led by the Office of the United States Attorney for the Northern District of Georgia.

    For further information please contact the U.S. Attorney’s Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6280.  The Internet address for the U.S. Attorney’s Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga.

    MIL Security OSI –

  • MIL-OSI Security: New Albany Man Charged with Threatening Public Officials

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    COLUMBUS, Ohio – A New Albany man has been charged with federal crimes related to sending at least 65 threatening letters and electronic communications to approximately 34 victims, including public officials, a local TV station and law enforcement. Many of the letters included a white powder and one letter included a bullet etched with the victim’s last name.

    “Perpetrators who violate federal law by sending such serious threats in the mail or online will not remain anonymous. Actual or threatened political violence in any form must be condemned,” said Acting United States Attorney Kelly A. Norris. “We will work with our law enforcement partners to identify these bad actors and prosecute them.”

    “Targeting public officials with threatening messages and substances is a serious federal crime that won’t go unpunished,” stated FBI Cincinnati Special Agent in Charge Elena Iatarola. “FBI agents have worked closely with our local, state, and federal partners to investigate these incidents and arrest the suspected offender.”

    Ronald Lidderdale, 39, appeared in federal court in Columbus this afternoon. He is charged with making interstate communications with a threat to kidnap or injure, mailing threatening communications, false information and hoaxes, and cyberstalking.

    According to charging documents, Lidderdale allegedly sent the threatening communications to publicly elected officials holding statewide office in Ohio, elected officials holding office in the federal government, and individuals involved in Ohio politics.

    It is alleged that Lidderdale sent at least 49 letters containing suspicious white powders, which at times the sender claimed to be Ricin. To date, 29 victims received the white powder letters.

    One letter contained a 9mm bullet with the last name of the public official etched on it.

    For example, between July and early August 2024, it is alleged that Lidderdale sent a dozen threatening letters via the mail in five different mailings. The return labels on the letters contained mailing information for individuals who were either currently or previously employed by the targeted public official.

    In the letters, Lidderdale allegedly threatened violence against the letter recipients, including language like, “I will kill you for your ignorant loyalty to your pedophilic party” and “I will kill you for the good of The People. Your death will come when you least expect it.”

    Last week, Lidderdale allegedly sent letters to eight victims containing a hitlist of eight individuals he said he would kill in the month of May.

    Court documents allege that Lidderdale sent a letter to a local TV station and emails to federal and local law enforcement outlining his plans.

    It is further alleged that Lidderdale sent threatening emails to public officials stating, “Each [victim] will receive the gift of their names etched onto a single bullet. Their skull is the target the bullet is the gift.”

    On May 8, Lidderdale allegedly told FBI agents that he had sent the letters and emails with the intent to incite fear, including the fear of bodily injury, and to make threats with the goal of changing behavior.

    Mailing threatening communications carries a potential penalty of up to 10 years in prison. Making interstate communications with a threat to kidnap or injure, conveying false information and hoaxes, and cyberstalking are all federal crimes punishable by up to five years in prison.

    Kelly A. Norris, Acting United States Attorney for the Southern District of Ohio; Sue J. Bai, head of the Justice Department’s National Security Division; Elena Iatarola, Special Agent in Charge, Federal Bureau of Investigation (FBI), Cincinnati Division; and Lesley Allison, Inspector in Charge, U.S. Postal Inspection Service (USPIS); as well as the U.S. Capitol Police, Ohio State Highway Patrol and several Ohio police departments; announced the charges filed today. Deputy Criminal Chief Brian J. Martinez and Assistant United States Attorneys Damoun Delaviz and Jessica W. Knight, National Security Division Counterterrorism Section Trial Attorney James Donnelly and Trial Attorney Aaron L. Jennen of the Criminal Division’s Public Integrity Section are representing the United States in this case.

    A criminal complaint merely contains allegations, and defendants are presumed innocent unless proven guilty in a court of law.

    # # #

    MIL Security OSI –

  • MIL-OSI Security: Montgomery County, Ohio, Man Pleads Guilty to Defrauding Elderly Victims of Hundreds of Thousands of Dollars

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    CINCINNATI – Ronald Scott Daley, 53, of Miamisburg, pleaded guilty in U.S. District Court to wire fraud and tax evasion related to a scheme to defraud clients, including elderly victims. 

    According to his plea agreement, which includes a recommended sentence of up to 60 months in prison, Daley was employed by a life insurance brokerage firm and advised several elderly clients with respect to life insurance and annuity products.

    From at least 2012 until 2020, Daley fraudulently convinced client victims to withdraw certain assets from the insurance brokerage firm and to deposit the funds into their own personal accounts. Daley then influenced the victims to make payments to a bank account for an entity that Daley controlled.

    For example, Daley defrauded three victims of more than $707,000 in total.

    Furthermore, Daley failed to file and pay taxes on the fraudulent income.

    As part of his conviction, he will repay the approximately $707,000 in restitution.

    Kelly A. Norris, Acting United States Attorney for the Southern District of Ohio; Elena Iatarola, Special Agent in Charge, Federal Bureau of Investigation (FBI), Cincinnati Division; and Karen Wingerd, Special Agent in Charge, Internal Revenue Service (IRS) Criminal Investigations; announced the guilty plea entered on May 5 before U.S. District Judge Matthew W. McFarland. Assistant United States Attorney Timothy S. Mangan is representing the United States in this case.

    # # #

    MIL Security OSI –

  • MIL-OSI: Blockchain-based HUMO token backed by government bonds to be piloted in Uzbekistan

    Source: GlobeNewswire (MIL-OSI)

    TASHKENT, Uzbekistan, May 13, 2025 (GLOBE NEWSWIRE) — Uzbekistan is set to pilot a new asset-backed token, HUMO, tied to government bonds. The project aims to create innovative methods of attracting foreign investment, increase transparency of financial transactions, and establish an even more attractive investment environment.

    The HUMO token will be backed by government bonds. This structure is intended to provide price stability while minimizing speculative volatility – often a key concern for tokenized instruments.

    It should be noted that the project fully complies with the legislative requirements of the Republic of Uzbekistan regarding the circulation of crypto assets.

    Institutional anchors and technical foundations

    The project is being developed with support from several domestic and international partners. HUMO, the payment system serving over 35 million cardholders and widely integrated into the country’s banking and retail sectors, will serve as the foundation of the project. HUMO’s vast integration with banks and merchants naturally sets the token for mass adoption.

    Technical development is spreadheaded by Asterium, a local crypto service provider, and Broxus, blockchain infrastructure vendor. The project is planned to be launched based on two technologies – EVM and TVM. The technological foundation chosen for TVM is Tycho, a protocol that will ensure support for high loads, scalability, and cost-effective transactions. Tycho is built to support high throughput and low transaction costs, which is critical for potential government-scale use cases.

    Token benefits: Transparency, cost reduction, and integration

    The HUMO token aims to facilitate instant payments, reduce transaction fees, and improve transparency by recording operations on a public blockchain. According to project headliners, it may also help limit informal financial flows and improve the efficiency of cashless payments.

    Alexey Maksimov, Chairman of HUMO, noted that the launch of the HUMO-backed token is an important step towards building an innovative and modern financial system in Uzbekistan: “The creation of this token, fully backed by real assets, will help increase public trust, simplify transactions, and accelerate the development of the country’s digital economy. One of our key objectives is to enhance transparency and reduce the risk of fraud, which is especially important in the current environment.“

    Komilkhuzha Sultonov, Director of Asterium, described the initiative as a step towards integrating blockchain into everyday financial processes: “The HUMO token project lays the groundwork for a new financial system. We are creating a solid infrastructure that integrates modern technology into daily financial transactions, making interactions with crypto assets as simple and routine as it would be with traditional assets.”

    Broxus founder Sergey Shashev emphasized the importance of scalable and secure infrastructure: “We’re delighted to see Broxus technologies contributing to a project of such significance for the government.
    Our mission is to deliver solutions that make digital transactions safe, accessible and transparent, and the Tycho blockchain can achieve that while maintaining high transaction speeds, low fees and reliability required by projects at this level.”

    Looking ahead

    With linkage to real-world assets, the HUMO token may serve as a ground for broader blockchain integration into Uzbekistan’s financial system. In the future, the blockchain platform created within this project could serve as a basis for the development of new digital services in Uzbekistan.

    About HUMO

    National Interbank Processing Center of Uzbekistan (national payment system HUMO) is one of the leading financial infrastructures of Uzbekistan. Its main goal is to become a key financial hub not only in Central Asia but also beyond its borders.

    Since its inception, HUMO has demonstrated steady growth, actively expanding its payment services ecosystem and strengthening partnerships both domestically and internationally.

    Contact:
    Aleksey Maksimov
    Chairman of the Board of the National Interbank Processing Center (NMPC)
    info@humocard.uz

    Disclaimer: This is a paid post and is provided by HUMO token. 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/6bae3662-1d63-4133-bced-52c87d1a4de8

    The MIL Network –

  • MIL-OSI Security: North Carolina Sex Offender Indicted for Attempting to Entice 11-Year-Old Child to Engage in Sexual Activity

    Source: Federal Bureau of Investigation FBI Crime News (b)

    Jacksonville, Florida – United States Attorney Gregory W. Kehoe announces the return of an indictment charging Geoffrey Lee Dudding (39, Concord, NC) with attempting to entice an 11-year-old child to engage in sexual activity. If convicted, Dudding faces a minimum penalty of 10 years, up to life, in federal prison and a potential lifetime term of supervised release. Dudding is a registered child sex offender who was twice previously convicted in North Carolina – once of indecent liberty with a minor (2007) and of solicitation of a child by computer to commit an unlawful sex act (2024). 

    According to court documents, on January 13, 2025, an FBI agent (UC) in Jacksonville was conducting an undercover operation to identify individuals seeking to make online contact with and engage in sexual activity with children. Posing as the parent of an 11-year-old child, the UC posted several short messages in a public chatroom on an online social messaging platform (app). An individual using the name “metalh34d321,” who was subsequently identified as Dudding, contacted the UC by private text message on the app and expressed interest in the UC’s “daughter.” Dudding told the UC, “Let me know if ya ever down to let me do her.” Despite being advised several times that the “child” was 11 years old and lived in Florida, Dudding stated that he wanted to meet the “child” to “[h]ave a good time and sex.” Dudding described sexual acts that he wanted to perform on the “child” and sent the UC an explicit video of himself to show to the “child.”

    Dudding and the UC also communicated by cellphone text messaging. They discussed plans for Dudding to travel to Jacksonville so that he could engage in sexual activity with the “child.” Dudding told the UC that he would book a hotel room in Jacksonville.

    On May 8, 2025, Dudding was arrested by FBI agents in Concord, North Carolina. He was detained and will be transported by the United States Marshals Service to Jacksonville for prosecution in this case. 

    This case was investigated by the Federal Bureau of Investigation, the St. Johns County Sheriff’s Office, and the Cabarrus County (North Carolina) Sheriff’s Office. It is being prosecuted by Assistant United States Attorney D. Rodney Brown.

    An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.

    It is another case brought as part of Project Safe Childhood, a nationwide initiative launched in 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who sexually exploit children, and to identify and rescue child victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc. 

    MIL Security OSI –

  • MIL-OSI Security: Gainesville Man Sentenced to Over 10 Years for Receipt of Child Pornography

    Source: Federal Bureau of Investigation FBI Crime News (b)

    GAINESVILLE, FLORIDA – Stephen Christopher Young, 58, of Gainesville, Florida, was sentenced to 121 months imprisonment for receipt/attempted receipt of child pornography. The sentence was announced by Michelle Spaven, Acting United States Attorney for the Northern District of Florida.

    “Crimes against children are unacceptable,” said Acting U.S. Attorney Spaven. “Those who seek to view and maintain child pornography facilitate the abuse of children by those who produce and profit from this illegal content. We will continue to work tirelessly with our law enforcement partners to ensure that we aggressively prosecute these offenders.”

    In March 2024, investigators executed a federal search warrant at Young’s residence and discovered Young had been exchanging child pornography with others using various applications intended to avoid detection by using end-to-end encryption.

    Young’s prison sentence will be followed by a lifetime of supervised release. He was ordered to pay $20,500 in restitution. Young will also be required to register as a sex offender and be subject to all sex offender conditions.

    “It’s crucial to prioritize the protection of children from sexual abuse,” said Alachua County Sheriff Chad Scott.

    The case was investigated by Internet Crime Against Children Task Force Gainesville Police Department, the Federal Bureau of Investigation, and the Alachua County Sheriff’s Office. Assistant United States Attorneys Meredith Steer and Adam Hapner prosecuted the case.

    “This case is another example of the FBI’s relentless commitment to protecting children by removing predators from our community,” said Jason Carley, Acting Special Agent in Charge of the FBI Jacksonville. “Let this be a lesson to others who prey on vulnerable kids; the FBI and our partners will never stop working to identify, pursue, and hold child predators accountable.”

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse. Launched in May 2006 by the Department of Justice and led by the U.S. Attorney’s Offices and the Criminal Divisions Child Exploitation and Obscenity Section (CEOS), it marshals federal, state, and local resources to better locate, apprehend, and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.projectsafechildhood.gov.

    The United States Attorney’s Office for the Northern District of Florida is one of 94 offices that serve as the nation’s principal litigators under the direction of the Attorney General.  To access public court documents online, please visit the U.S. District Court for the Northern District of Florida website. For more information about the United States Attorney’s Office, Northern District of Florida, visit http://www.justice.gov/usao/fln/index.html.

    MIL Security OSI –

  • MIL-OSI: Bitcoin Breaks Out Again — BexBack Empowers Traders to Ride the Momentum with 100x Leverage, No KYC, and Double Deposit Bonuses

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 13, 2025 (GLOBE NEWSWIRE) — With Bitcoin now holding strong above the $100,000 mark and flashing renewed bullish momentum on the daily chart, the market is once again sending a clear message: the bull run isn’t over. MACD crossover signals, strong price support at $96,000, and aggressive follow-through candles suggest that the next leg higher may already be underway.

    As traders across the globe rush to capitalize on breakout opportunities, BexBack, a fast-growing cryptocurrency derivatives platform, is offering the tools, flexibility, and rewards that modern traders demand — including 100x leverage, no KYC, and over 50 tradable crypto contracts.

    “This chart tells the story — the bulls are back, and momentum is accelerating,” said David, Operations Director at BexBack. “We want to give traders the ability to take full advantage of market conditions, with high leverage, instant access, and powerful trading incentives.”

    Key Features of BexBack:

    • 100x Leverage on 50+ Crypto Contracts
      Maximize capital efficiency by trading BTC, ETH, ADA, SOL, XRP, and more with up to 100x leverage.
    • No KYC Required
      Register instantly with just an email. Trade anonymously without any identity verification process.
    • $100 Trading Bonus
      Make a deposit of at least 0.01 BTC or 1000 USDT and complete your first trade within one week to receive a $100 bonus — usable as margin.
    • 100% Deposit Bonus
      Double your first deposit with BexBack’s 100% bonus offer. For example, deposit 1 BTC and get 1 BTC in bonus margin (non-withdrawable, but usable for trading).
    • Zero Spread Execution
      All trades execute at the displayed price — no spread, no slippage, no surprises.
    • Demo Account with Virtual Funds
      New to futures trading? Start risk-free with 10 BTC or 1M USDT in demo funds and test your strategy before going live.
    • Global Coverage + 24/7 Support
      BexBack operates in 200+ countries and regions, with multilingual customer support available around the clock.

    The Market Is Moving — Are You?

    Bitcoin’s chart is clear: upward momentum is building, and technical indicators are aligning with market sentiment. While many traders are stuck watching from the sidelines, BexBack gives you the edge to enter positions with confidence and scale.

    About BexBack

    BexBack is a leading cryptocurrency derivatives exchange headquartered in Singapore, offering perpetual contracts with up to 100x leverage on more than 50 digital assets. With its KYC-free registration, professional-grade infrastructure, and powerful bonus system, BexBack is trusted by over 500,000 traders worldwide. The platform is fully MSB-registered under U.S. FinCEN and is accessible across the U.S., Canada, Europe, and beyond.

    Start trading now at www.bexback.com Claim your 100% deposit bonus + $100 Trading bonus and join the next wave of crypto opportunity.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. he 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/4ed2149c-d1b2-492e-a516-215b8143e422

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bbfcc703-a321-4444-9cc2-daaf313fde90

    https://www.globenewswire.com/NewsRoom/AttachmentNg/52c6f6ee-aa9a-441c-ae63-1c2ea0df002b

    The MIL Network –

  • MIL-OSI: HUMAIN and NVIDIA Announce Strategic Partnership to Build AI Factories of the Future in Saudi Arabia

    Source: GlobeNewswire (MIL-OSI)

    RIYADH, Saudi Arabia, May 13, 2025 (GLOBE NEWSWIRE) — HUMAIN, the new full AI value chain subsidiary of Saudi Arabia’s Public Investment Fund, today announced a landmark strategic partnership with NVIDIA, the world leader in AI computing infrastructure, to drive the next wave of artificial intelligence development.

    The two organizations will leverage NVIDIA platforms and expertise to establish Saudi Arabia as a global leader in AI, GPU cloud computing and digital transformation to drive innovation and growth worldwide.

    The partnership underscores HUMAIN’s mission to position Saudi Arabia as an international AI powerhouse — combining cutting-edge infrastructure, frontier AI models, immersive digital platforms and human capital development.

    Powering AI Factories of Tomorrow

    HUMAIN is making a major investment to build AI factories in the Kingdom of Saudi Arabia with a projected capacity of up to 500 megawatts powered by several hundred thousand of NVIDIA’s most advanced GPUs over the next five years. The first phase of deployment will be an 18,000 NVIDIA GB300 Grace Blackwell AI supercomputer with NVIDIA InfiniBand networking.

    These hyperscale AI data centers will provide a secure foundational infrastructure for training and deploying sovereign AI models at scale, enabling industries across Saudi Arabia and worldwide to accelerate innovation and digital transformation.

    Unlocking the Era of Physical AI With NVIDIA Omniverse

    HUMAIN will deploy the NVIDIA Omniverse™ platform as a multi-tenant system to drive acceleration of the new era of physical AI and robotics through simulation, optimization and operation of physical environments by new human-AI-led solutions. This will allow industries such as manufacturing, logistics and energy to create fully integrated digital twins, boosting efficiency, safety and sustainability while fast-tracking the Kingdom’s journey toward Industry 4.0.

    Enabling the Kingdom’s AI Ecosystem Through Workforce Transformation

    To support this transformation, HUMAIN and NVIDIA will collaborate on large-scale upskilling and training initiatives, providing thousands of Saudi citizens and developers with hands-on experience in advanced AI, simulation, robotics and digital twin technologies. This effort will contribute to building a robust national AI ecosystem and align with Saudi Arabia’s Vision 2030 goals of economic diversification and digital leadership.

    “AI, like electricity and internet, is essential infrastructure for every nation,” said Jensen Huang, founder and CEO of NVIDIA. “Together with HUMAIN, we are building AI infrastructure for the people and companies of Saudi Arabia to realize the bold vision of the Kingdom.”

    “We thank NVIDIA for their strategic partnership with the Kingdom. This collaboration with HUMAIN marks a turning point, building the AI factories of the future, unlocking compute and powering the next era of physical AI,” said His Excellency Eng. Abdullah Alswaha, Minister of Communications and Information Technology. “This lays the groundwork for a new industrial revolution, anchored in advanced infrastructure, talent and global ambition. This is how Saudi Arabia continues to lead as a partner of choice in shaping the future of AI.”

    “Our partnership with NVIDIA is a bold step forward in realizing the Kingdom’s ambitions to lead in AI and advanced digital infrastructure,” said Tareq Amin, CEO of HUMAIN. “Together, we are building the capacity, capability and a new globally enabled community to shape a future powered by intelligent technology and empowered people.”

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    About HUMAIN
    HUMAIN is a global artificial intelligence company delivering full-stack AI capabilities across four core areas — next-generation data centers, hyper-performance infrastructure and cloud platforms, advanced AI models, including the world’s most advanced Arabic multimodal LLMs, and transformative AI Solutions that combine deep sector insight with real-world execution.

    HUMAIN’s end-to-end model serves both public and private sector organizations, unlocking exponential value across all industries, driving transformation and strengthening capabilities through human-AI synergies. With a growing portfolio of sector-specific AI products and a core mission to drive IP leadership and talent supremacy world-wide, HUMAIN is engineered for global competitiveness and national distinction.

    HUMAIN is headquartered in Riyadh, Saudi Arabia with presence in the USA and Europe; offices opening soon.

    For further information, contact:
    Corporate Communications
    NVIDIA Corporation
    press@nvidia.com

    Charles Palmer, FTI
    charles.palmer@fticonsulting.com
    +44 7976 743360

    Certain statements in this press release including, but not limited to, statements as to: the benefits and impact of NVIDIA’s products, services, and technologies; the partnership between NVIDIA and HUMAIN and the impact and benefits thereof; and HUMAIN and NVIDIA building the AI infrastructure for the people and companies of Saudi Arabia to realize the bold vision of the Kingdom are 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, which are subject to the “safe harbor” created by those sections and that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo and NVIDIA Omniverse are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated.

    The MIL Network –

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Secures Historic $600 Billion Investment Commitment in Saudi Arabia

    Source: The White House

    STRENGTHENING STRATEGIC PARTNERSHIPS FOR ECONOMIC PROSPERITY:
    Today in Saudi Arabia, President Donald J. Trump announced Saudi Arabia’s $600-billion commitment to invest in the United States, building economic ties that will endure for generations to come. The first deals under the announcement strengthen our energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals. 

    • The deals celebrated today are historic and transformative for both countries and represent a new golden era of partnership between the United States and Saudi Arabia.
    • From day one, President Trump’s America First Trade and Investment Policy has put the American economy, the American worker, and our national security first.
    • The following represent just a few of the many transformative deals secured in Saudi Arabia:
      • Saudi Arabian DataVolt is moving forward with plans to invest $20 billion in AI data centers and energy infrastructure in the United States.
      • Google, DataVolt, Oracle, Salesforce, AMD, and Uber are committing to invest $80 billion in cutting-edge transformative technologies in both countries.
      • Iconic American companies including Hill International, Jacobs, Parsons, and AECOM are building key infrastructure projects like King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and much more totaling $2 billion in U.S. services exports.
      • Additional major exports include GE Vernova’s gas turbines and energy solutions totaling $14.2 billion and Boeing 737-8 passenger aircraft for AviLease totaling $4.8 billion.
      • In the healthcare sector, Shamekh IV Solutions, LLC will be investing $5.8 billion, including a plant in Michigan to launch a high-capacity IV fluid facility.
      • Investment partnerships include several sector-specific funds with a strong emphasis on U.S. deployment—such as the $5 billion Energy Investment Fund, the $5 billion New Era Aerospace and Defense Technology Fund, and the $4 billion Enfield Sports Global Sports Fund—each channeling substantial capital into American industries, driving innovation, and creating high-quality jobs across the United States.
    • Underscoring our commitment to strengthening our defense and security partnership, the United States and Saudi Arabia signed the largest defense sales agreement in history—nearly $142 billion, providing Saudi Arabia with state-of-the-art warfighting equipment and services from over a dozen U.S. defense firms.
      • The sales that we intend to complete fall into five broad categories: (1) air force advancement and space capabilities, (2) air and missile defense, (3) maritime and coastal security, (4) border security and land forces modernization, and (5) information and communication systems upgrades. 
      • The package also includes extensive training and support to build the capacity of the Saudi armed forces, including enhancement of Saudi service academies and military medical services.
      • This deal represents a significant investment in Saudi Arabia’s defense and regional security, built on American systems and training.
    • The United States and Saudi Arabia celebrate these and many other deals today as a result of the growing momentum of the last four months. The total package has quickly built to more than $600 billion–the largest set of commercial agreements on record between the two countries.

    UNLOCKING NEW OPPORTUNITIES THROUGH DEEPER ALLIANCES: The strategic partnership between the United States and Saudi Arabia has grown increasingly robust over the past eight decades since the meeting between King Abdulaziz Al Saud and President Franklin D. Roosevelt on board the USS Quincy, the 80th anniversary of which was celebrated earlier this year.

    • Saudi Arabia is one of the United States’ largest trading partners in the Middle East.
      • Saudi direct investment in the United States totaled $9.5 billion in 2023, focused on the transportation, real estate, and automotive sectors.
      • In 2024, U.S.-Saudi Arabia goods trade totaled $25.9 billion, with U.S. exports at $13.2 billion, imports at $12.7 billion, and a trade surplus in goods of $443 million. 
    • The United States and Saudi Arabia share a commitment to deeper economic integration, underscoring the Kingdom’s pledge of expanding cooperation in critical sectors such as health, energy, and science.
      • The U.S. Department of Energy and the Ministry of Energy of the Kingdom of Saudi Arabia have concluded an agreement for cooperation in the field of energy.  This agreement builds upon their strong existing relationship; it will focus collaboration on examining the potential for innovation, development, financing, and deployment of energy infrastructure.
      • The Ministry of Industry and Mineral Resources in the Kingdom of Saudi Arabia and the Department of Energy of the United States of America have signed a Memorandum of Cooperation to collaborate on mining and mineral resources.  The agreement contributes to economic development and the diversification and resilience of critical mineral supply chains.
      • NASA and the Saudi Space Agency have signed an agreement for a CubeSat to fly on NASA’s Artemis II test flight. Saudi Arabia’s CubeSat will measure aspects of space weather at a range of distances from Earth and deploy in high Earth orbit from a spacecraft adapter on the Space Launch System rocket after the Orion spacecraft is safely flying on its own with its crew of four astronauts.
      • The United States and Saudi Arabia recently agreed to modernize the Air Transport Agreement to allow U.S. airlines to carry cargo between Saudi Arabia and third countries without needing to stop in the United States, an important right for cargo hub operations. Saudi carriers will have the same rights to serve the United States.
    • The United States and Saudi Arabia further underscored their commitment to deeper cultural, educational, and scientific partnerships through the signing of agreements between the Smithsonian Institution’s National Museum of Asian Art and the Royal Commission for AlUla on collaborative research and an exhibition focused on artifacts from ancient Dadan in AlUla, and between the Smithsonian’s National Zoo and the Royal Commission for AlUla to support the conservation of the endangered Arabian leopard through creation of a dedicated exhibit in Washington, D.C.
    • Saudi Arabia remains our largest Foreign Military Sales partner with active cases valued at more than $129 billion.
      • Our defense relationship with the Kingdom of Saudi Arabia is stronger than ever under President Trump’s leadership, and the package signed today, the largest defense cooperation deal in U.S. history, is a clear demonstration of our commitment to strengthening our partnership.
      • The agreement opens the door for expanded U.S. defense industry participation and long-term sustainment partnerships with Saudi entities.
    • The deepening United States-Saudi Arabia partnership reflects a joint vision for long-term prosperity and employment opportunities in both nations.

    BUILDING ON A RECORD OF WINNING AT HOME AND ABROAD: President Trump is delivering on his promise to Make America Great Again by catalyzing investment and negotiating fair trade deals to accelerate American employment and prosperity.

    • President Trump is the dealmaker in chief, and he has once again secured a historic deal that strengthens America’s economic dominance and global influence. 
    • This comes just one week after President Trump announced a U.S.-UK trade agreement that levels the playing field, creates jobs, and opens market access with the United Kingdom.
    • Leading up to this historic deal, President Trump had already secured trillions in U.S.-based investments, setting the stage for a new era of American prosperity.
    • The $600 billion in Saudi investment in the United States builds on President Trump’s record in 2017 of securing billions in commercial deals and agreements with Saudi Arabia for the defense, energy, technology, and infrastructure sectors.

    MIL OSI USA News –

  • MIL-OSI USA: Governor Stein Announces Genentech Will Build New Manufacturing Plant in Wake County Creating 400 Jobs

    Source: US State of North Carolina

    Headline: Governor Stein Announces Genentech Will Build New Manufacturing Plant in Wake County Creating 400 Jobs

    Governor Stein Announces Genentech Will Build New Manufacturing Plant in Wake County Creating 400 Jobs
    lsaito

    Raleigh, NC

    Governor Josh Stein announced today that Genentech, one of the world’s premiere biotechnology companies, will invest $700 million to build a new manufacturing plant in Holly Springs, creating 400 jobs.

    “World-class companies like Genentech recognize that North Carolina is a leading state for biotechnology,” said Governor Josh Stein. “These companies know that our life science workforce is ready to help them deliver their cutting-edge medicines to the world. We are proud to welcome Genetech to North Carolina.”

    Genentech, with headquarters in South San Francisco, California, is a member of Switzerland’s Roche Group (SIX: RO, ROG; OTCQX: RHHBY) and is considered the original biotechnology pioneer. For more than 40 years the company has pursued groundbreaking science to discover and develop medicines for people with serious or life-threatening diseases. Genentech’s project in Holly Springs will establish a new 700,000 sq. ft. high-volume fill-finish operation to support its existing product portfolio as well as its future pipeline, allowing the company to meet growing demand for its medicines.

    “Genentech would like to thank Governor Stein and Commerce Secretary Lilley for their support and for welcoming us to North Carolina. We are thrilled to establish this relationship with the city of Holly Springs, where we will create new manufacturing and construction jobs while making a broader positive impact on the local economy and community for many years to come,” said Genentech CEO Ashley Magargee. “Our new facility will serve as an important new setting within our manufacturing network to help deliver on the promise of our company’s life-changing science and industry-leading pipeline.”

    “Genentech siting its first East Coast production facility in North Carolina is a gamechanger for our already strong biotechnology sector,” said North Carolina Commerce Secretary Lee Lilley. “Thanks to amazing state leadership from the North Carolina Biotechnology Center and continued investments in workforce and infrastructure, these kinds of successes breed great jobs and great therapies that make the world a healthier place.”

    Although wages will vary depending on the position, the average salary for the new positions will be $119,833, compared with an average wage in Wake County of $76,643. The new positions will bring an annual payroll impact to the community of more than $50 million per year.

    The company’s project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by more than $3 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and the capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $9,846,750, spread over 12 years and based on the creation of 420 jobs. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

    The project’s projected return on investment of public dollars is 230 per cent, meaning for every dollar of potential cost, the state receives $3.30 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company. 

    Because Genentech chose to expand in Wake County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $3,282,250 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Wake, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.

    “Our momentum in biotech is off the charts as these new jobs and new investment come to Holly Springs,” said N.C. Senator Lisa Grafstein. “Genentech is a renowned brand in the industry, and we welcome the company to our growing family of life science partners.”

    “Economic development success takes teamwork, and I’m proud of the many local, regional, and state organizations that worked hard to bring Genentech to our community,” said N.C. Representative Ya Liu. “We look forward to seeing this innovative company put down roots and grow in Holly Springs, Wake County, and North Carolina.”

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of N.C. on this project were the North Carolina General Assembly, the North Carolina Community College System, N.C. Commerce’s Division of Workforce Solutions, the North Carolina Biotechnology Center, N.C. State University, Duke Energy, Enbridge Gas North Carolina, Capital Area Workforce Development, Wake Tech, the Town of Holly Springs, Wake County, and Wake County Economic Development, a program of the Greater Raleigh Chamber.  

    May 12, 2025

    MIL OSI USA News –

  • MIL-OSI Africa: African Ministers to Tackle Energy Investment Gap at Invest in African Energy (IAE) 2025

    Source: Africa Press Organisation – English (2) – Report:

    PARIS, France, May 13, 2025/APO Group/ —

    At Invest in African Energy 2025, a high-level ministerial panel will bring together energy ministers from Nigeria, Guinea-Bissau, the Democratic Republic of Congo (DRC) and Zimbabwe to examine the capital requirements and strategic partnerships needed to bring Africa’s next generation of energy projects online.

    Set against a backdrop of evolving global energy dynamics and intensifying pressure to meet net-zero targets, the session – “Africa on the Global Energy Stage: Financing the Next Generation of Energy Projects” – will explore how African nations are navigating complex investment landscapes to drive sustainable hydrocarbon development. Moderated by NJ Ayuk, Executive Chairman of the African Energy Chamber, the discussion will feature Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas) of Nigeria; Malam Sambu, Minister of Energy of Guinea-Bissau; Wivine Moleka, Deputy Minister of Hydrocarbons of the DRC; and July Moyo, Minister of Energy & Power Development of Zimbabwe.

    IAE 2025 (apo-opa.co/4iXGe3C) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    Nigeria, which holds the largest natural gas reserves in Africa, is advancing its “Decade of Gas” agenda under a reform-oriented administration working to reposition the country as a global gas hub. The government is prioritizing infrastructure development, market liberalization and targeted policy incentives to draw large-scale investment into the sector, which has already led to major capital commitments from international players including Shell, Chevron and TotalEnergies, and the rollout of new LNG, FLNG and mini-LNG projects.

    In Guinea-Bissau, the energy sector is entering a new phase of exploration and frontier investment. As one of the continent’s least developed hydrocarbon markets, the country is laying the institutional and regulatory foundations for future growth, with an emphasis on public-private collaboration and regional integration. Last September, Guinea-Bissau spudded a deep offshore exploration well near the neighboring Sangomar discovery in Senegal, marking a significant step toward unlocking its offshore potential.

    The DRC, meanwhile, is pushing to unlock the potential of its underexplored hydrocarbon basins. With a renewed focus on exploration and development, the DRC is pursuing strategic licensing efforts and engaging international partners to accelerate activity, while also seeking to balance environmental considerations with its economic development goals.

    Zimbabwe continues to prioritize energy diversification and regional power security. In recent years, the country has undertaken efforts to expand its generation capacity and foster investment through independent power producers and infrastructure partnerships. As southern Africa faces persistent energy shortfalls, Zimbabwe is positioning itself as a critical part of the regional solution. Together, Africa’s leading energy ministers will engage in a forward-looking dialogue on innovative partnership models, policy frameworks and the capital flows needed to ensure Africa’s energy projects not only get off the ground, but also deliver long-term value for both investors and local economies.

    MIL OSI Africa –

  • MIL-OSI: AMD Unveils EPYC 4005 Series Processors, Delivering Workload-Optimized Solutions for Entry-Level Enterprise

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., May 13, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced the launch of AMD EPYC™ 4005 Series processors. These purpose-built processors enable right-sized solutions with enterprise-class features and leadership performance for small and medium businesses and hosted IT service providers.

    AMD EPYC 4005 Series CPUs deliver the performance, features and efficiency growing businesses need to power everything from enterprise applications and virtualized environments to dedicated, all-day hosted services in the cloud. Utilizing the same proven and widely deployed AM5 socket used for the AMD EPYC 4004 Series CPUs, the EPYC 4005 Series delivers an innovative compute solution for a broad set of enterprise-class form factors like servers, blades and towers. In testing on the Phoronix test suite, the EPYC 4565P 16-core bests the top-of-stack 6th generation Intel Xeon 6300P by 1.83x1.

    “Growing businesses and dedicated hosters often face significant constraints around budget, complexity, and deployment timelines,” said Derek Dicker, corporate vice president, Enterprise and HPC Business Group, AMD. “With the latest AMD EPYC 4005 Series CPUs, we are delivering the right balance of performance, simplicity, and affordability, giving our customers and system partners the ability to deploy enterprise-class solutions that solve everyday business challenges.”

    Exceptional Performance and Cost-Efficient Operation

    AMD EPYC 4005 Series processors enable a wide array of broadly deployed enterprise solutions and are supported by leading partners and customers including Altos, ASRock Rack, Gigabyte, Lenovo, MiTAC, MSI, New Egg, OVHcloud, Supermicro and Vultr.

    “With AMD EPYC 4005 Series processors, Lenovo is providing tailored solutions that prepare small businesses for the AI era,” said Senthil Reddy, Executive Director of Product Management for Infrastructure Solutions Group, Lenovo. “Together, we’re enabling cost-effective, reliable systems that provide enterprise-class features for growing businesses.”

    “The AMD EPYC 4005 Series CPUs deliver the compute performance and energy efficiency that our customers have come to expect, in a streamlined platform that supports cost-effective, always-on services,” said Yaniv Fdida, Chief Product and Technology Officer, OVHcloud. “Coupled with OVHcloud’s Open and Trusted Cloud infrastructure, these solutions provide outstanding performance price ratio and scalability for innovative and demanding workloads.”

    “We’re excited to expand our portfolio with systems powered by AMD EPYC 4005 Series processors, bringing new levels of value to customers seeking efficient, cost-optimized performance,” said Vik Malyala, President & Managing Director EMEA, SVP, Technology & AI, Supermicro. “From our 3U MicroCloud multi-node platforms to our 1U and 2U mainstream server families, these solutions offer a compelling mix of performance, power efficiency, and deployment flexibility. With support for technologies like PCIe 5.0 and DDR5 memory, we’re enabling IT administrators to deliver more services at lower latency.”

    “Vultr is pleased to announce the immediate availability of Bare Metal and Cloud Compute instances featuring AMD EPYC 4005 Series processors,” said J.J. Kardwell, CEO of Vultr. “The AMD EPYC 4005 Series provides straightforward deployment, scalability, high clock speed, energy efficiency, and best-in-class performance. Whether you are a business striving to scale reliably or a developer crafting the next groundbreaking innovation, these solutions are designed to deliver exceptional value and meet demanding requirements now and in the future.”

    Model  “Zen 5”
    Cores /
    Threads    		 L3
    Cache
    (MB)         		 Default
    TDP (W)         		 FBase
    (GHz)    		 FMax Boost
    (GHz)2    		 Price (1KU,
    USD)
    4565P  16 / 32 64  170  4.3 5.7 $589
    4545P  16 / 32 64  65  3.0 5.4 $549
    4465P  12 / 24 64  65  3.4 5.4 $399
    4345P  8 / 16 32  65  3.8 5.5 $329
    4245P  6 / 12 32  65  3.9 5.4 $239
    4585PX  16 / 32 128  170  4.3 5.7 $699

    Supporting Resources:

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages.

    AMD, the AMD logo, EPYC, and combinations thereof are trademarks of Advanced Micro Devices, Inc. PCIe is a registered trademark of PCI-SIG Corporation. Other product names used may be trademarks of their respective owners.

    1E4K-021: Geometric Mean of 416 results based on Phoronix Test Suite paid testing as of 04/01/2025.
    1P 16C AMD EPYC 4565P-powered server (170W TDP, $589 CPU $, 2 x 32GB DRAM-5600MT/s Kingston, 3201GB Micron_7450_MTFDKCC3T2TFS + 960GB SAMSUNG MZ1L2960HCJR-00A07)
    1P 8C Intel Xeon 6369P-powered server (95W TDP, $606 CPU $, 2 x 32GB DRAM-4800MT/s Kingston, 3201GB Micron_7450_MTFDKCC3T2TFS)
    Model Geomean Rel2488 Rel6369P
    6369P 233.101 1.036 1.000
    4565P 426.123 1.894 1.828
    AMD 1Ku pricing and Intel ARK.intel.com specifications and pricing as of 4/01/2025. Testing not independently verified by AMD.

    2EPYC-018: Max boost for AMD EPYC processors is the maximum frequency achievable by any single core on the processor under normal operating conditions for server systems.

    Contact:
    Aaron Grabein
    AMD Communications
    +1 512-602-8950 
    aaron.grabein@amd.com

    Liz Stine
    AMD Investor Relations
    (720) 652-3965
    liz.stine@amd.com

    The MIL Network –

  • MIL-OSI: Appointment of new Non-Executive Director

    Source: GlobeNewswire (MIL-OSI)

    13 May 2025

    Appointment of new Non-Executive Director

    Admiral Group plc (“Admiral”) is pleased to announce the appointment of Paola Bonomo as an Independent Non-Executive Director with effect from 12 May 2025.

    Paola brings with her a wealth of international leadership experience in strategy, digital technology, and transformation. She spent 14 years in strategy consulting with McKinsey, specialising in technology and telecommunications. Paola spent 10 years in operational leadership roles in digital, including senior positions at eBay, Vodafone, and, latterly, Facebook where Paola was the Global Marketing Solutions Regional Director for Southern Europe.

    Paola was a Non-Executive Director of AXA Assicurazioni S.p.A., the Italian operating entity of the AXA Group, from 2014 until April 2025 and had been a member of its Audit, Internal Control and Risk, and Remuneration Committees.

    Paola is currently a Non-Executive Director of FAAC S.p.A., an international group providing access automation, parking and access control solutions. Further, Paola is a Non-Executive Director of Infrastrutture Wireless Italiane S.p.A. (INWIT), the leading Italian telecommunications tower operator. Further, Paola serves as Vice Chair of Italian Angels for Growth, where she is an angel investor and advisor to digital startups.

    Paola has extensive board experience in both public and private companies, holding recent Non-Executive Director roles in a number of digital, telecoms, and retail companies. Paola has recently been a Non-Executive Director of Telecom Italia, listed on the Italian Stock Exchange, where she chaired the Nomination and Remuneration Committee, stepping down in 2024. She was a Non-Executive Director and member of the Audit Committee at Crystal Peak Acquisition, a special purpose acquisition company listed on Euronext Amsterdam, leaving this position in 2023. Paola was also a Non-Executive Director and Chair of the Remuneration and Nomination Committees at Piquadro S.p.A., a fashion group operating a portfolio with brands Piquadro, The Bridge and Lancel, listed on the Italian Stock Exchange, leaving in 2022.

    Paola holds an MBA from the Stanford Graduate School of Business and a degree in business administration from Università Commerciale Luigi Bocconi, Italy.

    Mike Rogers, Chair of the Admiral Board, said:
    “I am pleased to appoint Paola to the Board. She has significant knowledge of the international financial services sector and extensive experience in digital transformation, gained whilst working for several well-known consumer-facing brands. Paola has achieved a lot of success in her executive and non-executive roles, and I believe that her insights will prove valuable as the Group continues to deliver against its strategy.”

    Paola Bonomo, incoming Non-Executive Director, said: 
    “I am honoured to be joining Admiral’s Board. Admiral has established itself as a leading personal lines insurer in the UK by focusing on data to better understand and anticipate customers’ needs. I am looking forward to working with the rest of the Board and the management team to support the Group’s ambition to deliver long-term sustainable growth in its businesses in the UK and Mainland Europe.”

    Milena Mondini de Focatiis, CEO of Admiral Group, said
    “On behalf of all my colleagues I would like to welcome Paola to Admiral. The Group continues to evolve, and I look forward to working with Paola and the rest of the Board to ensure that we continue to meet the needs of our growing customer base.”

    Effective on 12 May 2025, Paola will be appointed to the Admiral Group Remuneration Committee. From 12 May 2025 the members of the Remuneration Committee will be Karen Green (Chair), Justine Roberts, Mike Brierley and Paola Bonomo.

    This announcement is made pursuant to Listing Rule 6.4.6R. In accordance with LR 6.4.8R, the Company confirms that there is no further information to be disclosed in terms of LR 6.4.8R (1) to LR 6.4.8R (6) inclusive in respect to Paola Bonomo.

    Notes to Editors

    About Admiral Group
    Admiral Group plc is a leading FTSE 100 financial services company offering motor, household, travel and pet insurance as well as personal lending products. Established in 1993 in the UK, the Group now has offices in Canada, France, Gibraltar, India, Italy, Spain, and the US.

    For further information please contact:

    Media:        
    Addy Frederick                                Addy.Frederick@admiralgroup.co.uk         

    Investors/ Analysts:        
    Diane Michelberger                         InvestorRelationsTeam@admiralgroup.co.uk

    The MIL Network –

  • MIL-OSI: Alps Alpine Adopts Silvaco’s Jivaro Pro to Accelerate SPICE Post-Layout Simulation

    Source: GlobeNewswire (MIL-OSI)

    Key Highlights

    • Alps Alpine selects Jivaro Pro to improve designer productivity and safeguard time-to-market goals
    • Jivaro Pro is a unique stand-alone tool offering advanced parasitic reduction to dramatically accelerate SPICE simulations by up to 15x for designs down to 3nm
    • Jivaro Pro seamlessly fits into existing flows and is simulation-and extraction-tool agnostic, providing designers with flexibility and usability

    SANTA CLARA, Calif., May 13, 2025 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (“Silvaco”) (NASDAQ: SVCO), a leading provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced that Alps Alpine Co., Ltd., an electronics company that manufactures and markets various sensors, electronic components, audio equipment, and in-car navigation systems in the automotive and consumer markets, has adopted Jivaro Pro™, a best-in-class solution for the development and verification of integrated circuits (ICs), including sensor conditioning ICs that support sensor products. Jivaro Pro is a unique stand-alone tool that dramatically speeds up SPICE simulations, accelerating productivity, enabling increased verification coverage and reducing design schedule risk.

    Adopted by leading semiconductor companies worldwide for technologies from 180nm down to 3nm, Jivaro Pro accelerates SPICE simulation speeds by up to 15x by significantly reducing post-extraction netlists while maintaining high accuracy. Compared to embedded generic reduction in extractors or simulators, Jivaro Pro is unique in the degree and flexibility of parasitic reduction strategies it offers to designers. These benefits minimize the cost of simulation while ensuring timely project completion.

    With the addition of Jivaro Pro to its development flow, Alps Alpine Co., Ltd. aims to accelerate the development of high-precision sensor products, bringing them to market faster.

    “The introduction of Jivaro Pro is consistently reducing post-layout SPICE simulation run times while maintaining accuracy, with at least a 5X improvement observed at the 40nm and 55nm nodes. We expect to see a substantial improvement in engineering productivity as post-layout simulation times have been significantly reduced for many blocks, accelerating our overall timeline”, said Yasuyuki Hattori, Senior Manager of IC Engineering Dept. Engineering Headquarters at Alps Alpine Co., Ltd.

    Jivaro Pro seamlessly fits into existing flows and is simulation and extraction tool agnostic, providing designers with flexibility and usability. With a rich set of features, Jivaro Pro offers engineers an ideal solution for a broad set of designs and challenges.

    “Developing the most advanced and sophisticated integrated circuits requires the most advanced and sophisticated tools,” said Dan Fitzpatrick, Vice President and general manager of the EDA business unit at Silvaco. “Jivaro Pro is a key component in Silvaco’s Analog Custom Design tool portfolio offering designers the tools needed to exceed their design goals while minimizing simulation costs and reducing design-cycle risk.”

    About Silvaco Group, Inc.
    Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at silvaco.com.

    Contacts
    Media Relations:
    Tiffany Behany, press@silvaco.com

    Investor Relations:
    Greg McNiff, investors@silvaco.com

    The MIL Network –

  • MIL-OSI: Jamf Leaders Recognized on CRN®’s 2025 Women of the Channel List

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, May 13, 2025 (GLOBE NEWSWIRE) — Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announced that CRN®, a brand of The Channel Company, has recognized four Jamf leaders on its Women of the Channel list for 2025. The honorees include Emily Narkviroj, Director of Global Channel Programs; Kelli Meerschaert, Partner Marketing Manager; Kat Garbis, Senior Channel Program Manager; and Melody Hillyer, Senior Partner Marketing Specialist. 

    This prestigious annual list recognizes the outstanding accomplishments of women in the IT channel. The CRN 2025 Women of the Channel honorees were selected by the CRN editorial team based on their channel expertise, vision, and contributions to driving channel innovation and growth.

    These four women have been dedicated to strengthening Jamf’s channel-first approach through key strategic initiatives. Their work includes driving global growth through Jamf Nation Live events across international markets, expanding the Jamf MSP Exchange program, and launching new solution offerings. Each of their leadership efforts have been crucial in developing comprehensive go-to-market strategies and fostering stronger partner relationships across AMER, EMEIA, and APAC regions.

    “It’s an honor to recognize the outstanding accomplishments of these women, who are leaders and change-makers in the IT channel,” said Jennifer Follett, VP, U.S. Content and Executive Editor, CRN at The Channel Company. “Each woman spotlighted on this list has shown exceptional dedication to building creative strategies that propel transformation, growth, and success for their organizations and the entire IT channel. We are pleased to spotlight their important contributions and look forward to their future success.”

    “Emily, Kelli, Kat, and Melody have all been instrumental in strengthening our partner relationships and driving mutual success,” said Marc Botham, Global Vice President of Channel and Alliances at Jamf. “Having these four team members recognized on CRN’s Women of the Channel list demonstrates our commitment to fostering diverse leadership and innovation in the channel. Each of them exemplifies Jamf’s values of selflessness and relentless self-improvement and I am so proud of what they’ve achieved.”

    The 2025 Women of the Channel list will be featured in the June issue of CRN Magazine and online at www.CRN.com/WOTC.

    About Jamf
    Jamf’s purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment that is enterprise secure, consumer simple and protects personal privacy. To learn more, visit www.jamf.com

    About The Channel Company
    The Channel Company (TCC) is the global leader in channel growth for the world’s top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit thechannelco.com.

    Media Contact
    Liarna La Porta | media@jamf.com
    Investor Contact
    Jennifer Gaumond | ir@jamf.com

    The MIL Network –