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Category: Finance

  • MIL-OSI: Pieridae Energy Changes Name to Cavvy Energy

    Source: GlobeNewswire (MIL-OSI)

    Not For Distribution to United States News Wire Services or Dissemination in United States

    CALGARY, Alberta, May 12, 2025 (GLOBE NEWSWIRE) — Cavvy Energy Ltd. (formerly Pieridae Energy Limited) (“Cavvy” or the “Company”) (TSX:PEA) is pleased to announce that the Company has changed its name from Pieridae Energy Limited to Cavvy Energy Ltd., effective May 9, 2025.

    The Company first announced its intention to change its name on March 27, 2025 and obtained shareholder approval for the name change at the Company’s Annual and Special Meeting of Shareholders (the “Meeting”) held on May 8, 2025. The Company received approval from the Toronto Stock Exchange (the “TSX”) in respect of the name change and expects that its common shares will begin trading on the TSX under the new name and the ticker symbol “CVVY” as of the open of markets on May 13, 2025.

    Following the name change, the Company also completed the previously announced continuance out of the federal jurisdiction of Canada under the Canada Business Corporations Act and into the provincial jurisdiction of Alberta under the Business Corporations Act (Alberta) (the “ABCA”), effective May 9, 2025. As a result of the continuance, the Company now exists under and is governed by the ABCA. Additionally, in connection with the continuance, the Company has adopted new by-laws under the ABCA. The continuance, including the adoption of the new by-laws in connection therewith, was approved by shareholders at the Meeting.

    No action is required to be taken by the Company’s shareholders in respect of the name change or the continuance. The Certificate and Articles of Amendment effecting the name change, Certificate and Articles of Continuance effecting the continuance and new by-laws of the Company are available on the Company’s website and under the Company’s SEDAR+ profile at www.sedarplus.ca.

    About Cavvy Energy

    Cavvy Energy is a Canadian energy company headquartered in Calgary, Alberta. The Company is a significant upstream producer and midstream custom processor of natural gas, NGLs, condensate, and sulphur from Western Canada. Cavvy’s vision is to provide responsible, affordable natural gas and derived products to meet society’s energy security needs.

    For further information, visit www.cavvyenergy.com, or please contact:

    Darcy Reding, President & Chief Executive Officer Adam Gray, Chief Financial Officer
    Telephone: (403) 261-5900 Telephone: (403) 261-5900
       

    Investor Relations
    investors@cavvyenergy.com

    Forward-Looking Statements

    Certain of the statements contained herein may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws (collectively “forward-looking statements”), including the Company’s expectation that its common shares will begin trading under the new name and stock symbol “CVVY” on the TSX on May 13, 2025. Words such as “will”, “intend”, “expect”, “vision”, “strategy” and similar expressions may be used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management.

    Forward-looking statements are based on a number of factors and assumptions which have been used to develop such forward-looking statements, but which may prove to be incorrect. Although Cavvy believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because Cavvy can give no assurance that such expectations will prove to be correct. A number of risk factors could cause actual results to differ materially from those anticipated, expressed or implied by the forward-looking statements contained herein. For more information about the assumptions and risks associated with the forward-looking statements contained herein, see “Forward Looking Information” and “Risk Factors” in the Company’s Annual Information Form for the year ended December 31, 2024 and “Cautionary Note Regarding Forward-Looking Information” in the Company’s Management’s Discussion and Analysis for the year ended December 31, 2024, each of which can be accessed through the Company’s SEDAR+ profile at www.sedarplus.ca.

    Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, management cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and Cavvy assumes no obligation to update or review them to reflect new events or circumstances except as required by applicable securities laws.

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

    The MIL Network –

    May 13, 2025
  • MIL-OSI: Gabelli Funds to Host 17th Annual Media & Entertainment Symposium Thursday, June 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., May 12, 2025 (GLOBE NEWSWIRE) — Gabelli Funds will host its 17th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 5, 2025. The symposium will feature discussions with leading companies and organizations across the media ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as Sports Investing, Media & Telecom Regulatory, and Advertising Panels. Attendees will also have the opportunity to meet with management in a one-on-one setting. For those who cannot attend in person, the symposium will also be available via webcast. Investors should contact their relationship person for more information or click on the link below to register.

    Presenting Companies 1×1 Meetings Only
    Atlanta Braves Holdings, Inc. (NASDAQ: BATRA/K) AMC Networks (NASDAQ: AMCX)
    Lionsgate Studios (NASDAQ: LION) Churchill Downs (NASDAQ: CHDN)
    Nexstar Media Group (NASDAQ: NXST) Genius Sports (NYSE: GENI)
    Reservoir Media, Inc. (NASDAQ: RSVR) Gray Television (NYSE: GTN/’A)
    Rogers Communications (TSX: RCI A/B, NYSE: RCI) Live Nation Entertainment (NYSE: LYV)
    Ryman Hospitality Properties (NYSE: RHP) Madison Square Garden (NYSE: MSGS/E, SPHR)
    Sinclair Inc. (NASDAQ: SBGI) Sportradar Group (NASDAQ: SRAD)
    TEGNA Inc. (NYSE: TGNA) TKO Group (NYSE: TKO)
    The E.W. Scripps Company (NASDAQ: SSP)  
       
    Panel Discussions  
    Sports Investing: Ways to Play  
    TV Bureau of Advertising (TVB) Panel  
    Media & Telecom Regulatory Expert Session  
    with Former FCC Commissioner, Rob McDowell  
       

    The Harvard Club, New York City
    Thursday, June 5, 2025

    Conference Registration: CLICK HERE

    Contact
    General Inquiries

    Isabella DeLuca
    Client Relations
    P: 914-921-5101
    E : ideluca@gabelli.com

    Sadie Keating
    Marketing Associate
    P: 914-921-5107
    E : skeating@gabelli.com

    Portfolio Management / Research Team

    Christopher Marangi
    Co-CIO, Value
    P: 914-921-5219
    E: cmarangi@gabelli.com

    Hanna Howard
    Portfolio Manager
    P: 914-921-5015
    E: hhoward@gabelli.com

    Sergey Dluzhevskiy, CFA, CPA
    Portfolio Manager
    P: 914-921-8355
    E: sdluzhevskiy@gabelli.com

    Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc.

    The MIL Network –

    May 13, 2025
  • MIL-Evening Report: If you really want to close the US trade deficit, try boosting innovation in rural manufacturing

    Source: The Conversation (Au and NZ) – By Amitrajeet A. Batabyal, Distinguished Professor, Arthur J. Gosnell Professor of Economics, & Interim Head, Department of Sustainability, Rochester Institute of Technology

    President Donald Trump has long been preoccupied by the trade deficit — the gap between what the U.S. sells to the rest of the world and what it buys from it. He recently declared the issue a national emergency and used trade deficit data to calculate so-called “reciprocal tariffs” targeting nearly 100 countries. Although those specific tariffs are now on pause, Trump’s concern with the trade deficit persists.

    As an economist, I know there are two basic ways for a country to reduce a trade deficit: import less or export more. While Trump has focused on the former strategy, a more productive path may lie in the latter – especially by looking at untapped opportunities in rural America.

    Economists have long studied the differences between rural and urban regions. But while research shows that urban areas tend to be more technologically advanced, fast-growing and economically dynamic, economists have historically paid less attention to how regional differences affect export performance.

    New research is starting to fill that gap. Economists recently found that urban businesses export significantly more than rural ones – a difference with significant implications for national trade.

    The urban-rural export gap

    Looking at data from the Census Bureau’s Annual Business Survey as well as trade statistics from 2017 to 2020, researchers used econometric techniques to measure the urban-rural export gap. They also examined two categories of potential causes – “explained” and “unexplained.”

    The first is due to differences in what economists call “endowments” – for example, a region’s digital infrastructure, its access to renewable energy and its opportunities for high-tech employment. These endowments can be observed and therefore explained.

    The second is due to what economists call “structural advantage.” This refers to attributes of a region that matter for export performance but can’t be observed and, as a result, remain unexplained.

    They found that most of the urban-rural export gap is due to explained differences. That means rural businesses could close the export gap if they were provided with similar endowments – meaning comparable access to renewable energy, similar digital infrastructure and analogous opportunities for high-tech employment – to their urban counterparts.

    Even more strikingly, the unexplained component was negative – which means rural businesses outperform expectations given their characteristics. That suggests rural regions have significant untapped export potential.

    Several factors collectively account for the urban export advantage. First, urban regions have a greater concentration of highly educated science and technology workers. Urban businesses also tend to be larger and more tech-savvy, and because they have better access to broadband, they use cloud technology more frequently. Urban areas also have more foreign-born business owners who may leverage their international networks.

    However, many of these differences suggest possible policy solutions. For instance, since cloud adoption depends on broadband availability, it follows that investing in digital infrastructure could boost rural exports. Also, rural manufacturers, especially in sectors like metals manufacturing, show comparable or higher export intensity per worker than their urban counterparts. So encouraging rural manufacturing would be one way to reduce the urban-rural export gap.

    Rethinking trade and rural development

    I think this research has important policy implications.

    First, it shifts some of the focus away from other countries as the root cause of the trade deficit. And second, it bolsters the case for what economists call “place-based policies” targeting specific geographic areas – as opposed to “people-based policies,” which provide support directly to individuals.

    Even though many economists dislike place-based policies, they are increasingly attracting both academic and governmental attention.

    The 2022 CHIPS and Science Act had special significance to rural areas.

    During the Biden administration, three major laws – the Inflation Reduction Act, the CHIPS and Science Act and the Infrastructure Investment and Jobs Act – directed significant federal funds to rural areas. About 43% of funds from those laws – or US$440 billion – was designated as either “rural relevant” or as “rural stipulated,” meaning the funds were either geographically targeted or designed to address disproportionately rural challenges.

    Such massive investments in rural regions have led researchers and policymakers to question whether rural export underperformance stems from differences in observable endowments – in other words, things like access to broadband – or from inherent disadvantages that are much harder to deal with.

    In my view, this research provides compelling evidence that much of the urban-rural export gap is due to unequal distribution of productive assets, rather than inherent rural disadvantages. With appropriate investments in digital infrastructure, human capital and support for export-capable industries, America’s rural regions could play a much larger role in global trade. These findings also suggest the value of continued federal support for rural development efforts.

    In other words, if the U.S. wants to shrink its trade deficit, one answer could be more innovation in rural manufacturing.

    Amitrajeet A. Batabyal does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. If you really want to close the US trade deficit, try boosting innovation in rural manufacturing – https://theconversation.com/if-you-really-want-to-close-the-us-trade-deficit-try-boosting-innovation-in-rural-manufacturing-255851

    MIL OSI Analysis – EveningReport.nz –

    May 13, 2025
  • MIL-OSI Europe: Ministry Confirms Domestic Joint Bookrunners for Upcoming Íslandsbanki Share Offering

    Source: Government of Iceland

    As communicated by the Ministry of Finance and Economic Affairs, last Thursday, the framework for a public offering in Íslandsbanki hf. has been approved. The legal framework ensures that due consideration is given to objectivity, efficiency, equality, and transparency in the offering process. Particular emphasis is placed on ensuring that the entire process earns and maintains public trust.

    Further to the announcement published last Friday regarding the appointment of international bookrunners relating to a prospective offering, the Ministry now confirms that domestic joint bookrunners for the upcoming Íslandsbanki share offering have also been appointed. These are Arctica Finance hf., Arion Bank hf., Kvika banki hf., and Landsbankinn hf. The appointment of the bookrunners is part of the preparatory work for the planned offering, which is well underway.

    As previously announced Barclays Bank Ireland PLC, and Citigroup Global Markets Europe AG and Kvika banki hf. have been mandated to act as joint global co-ordinators and joint bookrunners to plan and oversee the offering, as well as manage the order books.

    MIL OSI Europe News –

    May 13, 2025
  • MIL-OSI United Kingdom: Renewable energy company which failed to deliver customer orders is shut down

    Source: United Kingdom – Executive Government & Departments

    Press release

    Renewable energy company which failed to deliver customer orders is shut down

    Renugen Limited, based in Kent, was subject to a winding up order following an investigation by the Insolvency Service

    • Renugen Limited sold renewable energy products including solar panels and wind turbines 

    • An Insolvency Service investigation found orders had not been delivered and some customers had yet to receive refunds

    • The company was subject to a winding up order at the High Court in London on 8 May 2025

    A renewable energy company, based in Kent, has been shut down after an Insolvency Service investigation found it had failed to deliver orders and not refunded some customers for undelivered products.  

    Renugen Limited, last registered in Canterbury, sold renewable energy products online – from £50 batteries to £350,000 wind turbines.  

    The Insolvency Service identified 34 customers who had paid £74,570 for products that were not delivered. Investigators found only £15,265 has been refunded to the customers. 

    Some customers were unable to contact the company and had taken legal action through the county courts to claim refunds.   

    The company was subject to a winding up order, following a trial from 7 to 8 May 2025 in the High Court, London.  

    Mark George, Chief Investigator at the Insolvency Service, said:  

    There was clear evidence in this case that Renugen Limited was not acting as a reputable business. 

    We saw a pattern of undelivered products and a lack of refunds to customers, as well as little or no communication with online buyers and evidence of recent trading.  

    As such, we believe it was in the best interest of the public to shut down this company and ensure any future potential customers don’t suffer the same outcome.

    Renugen Limited filed accounts suggesting that there had been no trading between 2021 and 2023. 

    However, the company had continued trading during this time including having an active website. Recent complaints from customers about their orders on Trustpilot were also discovered by investigators. 

    Additionally, investigators found that the company had six business accounts, and at least two had been closed due to what the banks stated were complaints of scams relating to undelivered products.  

    The Insolvency Service also found that the company made 38 crypto asset transactions – unrelated to renewable energy products – from their business accounts, totalling more than £48,000 for which no explanation was provided during the investigation. 

    Renugen Limited had registered a number of addresses for the company since its incorporation in 2010. The last registered address was in Canterbury. The investigation found they had previously been registered in Herne Bay, Kent but had failed to inform Companies House of any change of registered office after the facility was closed. The registered office address was only updated at Companies House after the issue of the Secretary of State’s petition. 

    The Official Receiver has been appointed as liquidator of Renugen Limited.  

    All enquiries concerning the affairs of the company should be made to the Official Receiver of Public Interest Unit: PO Box 16664, Birmingham, B2 2JQ. piu.or@insolvency.gov.uk.

    Further information

    • Renugen Limited (Companies House number: 07118020)

    • The Insolvency Service can investigate complaints about corporate abuse by live companies. This may include serious misconduct, fraud, scams or dishonest practice in the way the company operates. Further information on our live investigations can be found here   

    • Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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    Updates to this page

    Published 12 May 2025

    MIL OSI United Kingdom –

    May 13, 2025
  • MIL-OSI: Inter&Co Inc. Reports Year-Over-Year Net Income Growth of 57%

    Source: GlobeNewswire (MIL-OSI)

    BELO HORIZONTE, Brazil, May 12, 2025 (GLOBE NEWSWIRE) — Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to 37.7 million customers, today reported financial results for the first quarter of 2025.

    1Q25 Highlights:

    • Total clients grew to 37.7 million, with 21.6 million active clients and an activation rate of 57.2%.
    • Net Income of R$287 million, excluding minority interests, up 57% YoY.
    • Return on Equity of 12.9%, up from 9.2% in 1Q24.
    • Efficiency Ratio continued improving and reached 48.8%, 1.3 p.p. better than 4Q24.
    • NPLs over 90 days improved to 4.1%, 0.8 p.p. lower than 1Q24.

    João Vitor Menin, Global CEO of Inter&Co, commented:

    “Inter, by design, embodies the transformation of the banking industry. From our focus on innovation and efficient digital distribution of financial products and services, to expanding benefits and lowering costs for all our clients, we are building trust and long-term relationships that will be mutually rewarding for years to come.”

    Alexandre Riccio, Brazil CEO of Inter&Co, highlighted the opportunities that lie ahead:

    “We are particularly excited about the engagement with peer-to-peer payments (Pix) in Brazil, the significant uptake of our loyalty program Loop, and the record number of clients using our credit products. The new Private Payroll offering represents a key opportunity for Inter. It aligns perfectly with our business model: digital, low-cost distribution, scalable, and collateralized, with minimal overlap with our other consumer credit products.”

    About the 1Q25 results, he commented that, “Our commitment to cost control has allowed us to further widen the gap between net revenue growth and expenses, achieving an efficiency level of 48.8%. In addition, Inter continues to benefit from a diversified credit model, with improving underwriting resulting in another decrease in NPL ratio to 4.1%.

    “As we enter the third year of the 60/30/30 plan, we are proud that our results reflect the dedication, focus, and effectiveness of our team in implementing our strategy, delivering consistent, resilient growth and profitability.”

    Conference Call
    Inter&Co will discuss its 1Q2025 financial results on May 12th, 2025, at 11 a.m. ET (12 p.m. BRT). The webcast details, along with the earnings materials can be accessed on the company’s Investor Relations website at https://investors.inter.co/en/.

    About Inter
    Inter&Co (NASDAQ: INTR), the company that controls Banco Inter in Brazil and the subsidiary Inter&Co Payments, is the pioneering financial super app serving over 37.7 million customers across the Americas. Inter’s ecosystem offers a broad array of services, including banking, investments, mortgages, credit, insurance, and cross-border payments. The financial super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee events across the globe. Focused on innovation and captivating member experiences, Inter delivers comprehensive financial and lifestyle solutions to meet the evolving needs of modern consumers.

    Investor Relations:
    Rafaela de Oliveira Vitória – ir@inter.co

    Media Relations: 
    Kaio Philipe – kaio.philipe@inter.co 
    Chemistry Agency – interco@chemistryagency.com 

    Disclaimer
    This report may contain forward-looking statements regarding Inter, anticipated synergies, growth plans, projected results and future strategies. While these forward-looking statements reflect our Management’s good faith beliefs, they involve known and unknown risks and uncertainties that could cause the company’s results or accrued results to differ materially from those anticipated and discussed herein. These statements are not guarantees of future performance. These risks and uncertainties include, but are not limited to, our ability to realize the number of projected synergies and the projected schedule, in addition to economic, competitive, governmental and technological factors affecting Inter, the markets, products and prices and other factors. In addition, this presentation contains managerial figures that may differ from those presented in our financial statements. The calculation methodology for these managerial numbers is presented in Inter’s quarterly earnings release. Statements contained in this report that are not facts or historical information may be forward looking statements under the terms of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may, among other things, beliefs related to the creation of value and any other statements regarding Inter. In some cases, terms such as “estimate”, “project”, “predict”, “plan”, “believe”, “can”, “expectation”, “anticipate”, “intend”, “aimed”, “potential”, “may”, “will/shall” and similar terms, or the negative of these expressions, may identify forward looking statements.

    These forward-looking statements are based on Inter’s expectations and beliefs about future events and involve risks and uncertainties that could cause actual results to differ materially from current ones. Any forward-looking statement made by us in this document is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future developments or otherwise. The definition of each such operational metric is included in the earnings release available on our Investor Relations website.

    For additional information that about factors that may lead to results that are different from our estimates, please refer to sections “Cautionary Statement Concerning Forward Looking Statements” and “Risk Factors” of Inter&Co Annual Report on Form 20-F. The numbers for our key metrics (Unit Economics), which include, among other, active clients and average revenue per active client (ARPAC), are calculated using Inter’s internal data. Although we believe these metrics are based on reasonable estimates, there are challenges inherent in measuring the use of our business. In addition, we continually seek to improve our estimates, which may change due to improvements or changes in methodology, in processes for calculating these metrics and, from time to time, we may discover inaccuracies and adjust to improve accuracy, including adjustments that may result in recalculating our historical metrics.

    About Non-IFRS Financial Measures
    To supplement the financial measures presented in this press release and related conference call, presentation, or webcast in accordance with IFRS, Inter&Co also presents non-IFRS measures of financial performance, as highlighted throughout the documents. The non-IFRS Financial Measures include, among others: Adjusted Net Income, Cost of Funding, Efficiency Ratio, Cost of Risk, Cards+PIX TPV, Gross ARPAC, Global Clients, Total Gross Revenues, and Return on average equity (ROE).

    A “non-IFRS financial measure” refers to a numerical measure of Inter&Co’s historical or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with IFRS in Inter&Co’s financial statements. Inter&Co provides certain non-IFRS measures as additional information relating to its operating results as a complement to results provided in accordance with IFRS. The non-IFRS financial information presented herein should be considered together with, and not as a substitute for or superior to, the financial information presented in accordance with IFRS. There are significant limitations associated with the use of non-IFRS financial measures. Further, these measures may differ from the non-IFRS information, even where similarly titled, used by other companies and therefore should not be used to compare Inter&Co’s performance to that of other companies.

    The MIL Network –

    May 12, 2025
  • MIL-OSI Security: South Bend Man Sentenced to 135 Months in Prison

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

    SOUTH BEND – Demetrius Clark, 41 years old, of South Bend, Indiana, was sentenced by United States District Court Judge Cristal C. Brisco after pleading guilty to possessing with intent to distribute methamphetamine, announced Acting United States Attorney Tina L. Nommay.

    Clark was sentenced to 135 months in prison followed by 5 years of supervised release.

    According to documents in the case, in February 2024, Clark delivered 5 pounds of methamphetamine to another distributor. A search warrant was executed at Clark’s home in South Bend resulting in the recovery of an additional 5 pounds of high-purity methamphetamine along with packaging materials, a firearm, and over $8,000 cash.

    This case was investigated by the Federal Bureau of Investigation and the Drug Enforcement Administration including the DEA North Central Laboratory with assistance from the South Bend Police Department, the Fort Wayne Police Department, the Elkhart County Interdiction and Covert Enforcement Unit, and the St. Joseph County Prosecutor’s Office.  The case was prosecuted by Assistant United States Attorney Katelan McKenzie Doyle.

    MIL Security OSI –

    May 12, 2025
  • MIL-OSI: Beamr Issues Q1-2025 CEO Letter to Shareholders: Experiencing Rising Demand for Our Technology Across Key Verticals

    Source: GlobeNewswire (MIL-OSI)

    In Q1 2025, Beamr expanded sales pipelines amid growing traction from large-scale prospects, engaged in major industry events, and continued innovation in cloud and product offerings

    Herzliya, Israel, May 12, 2025 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today issued a Letter to Shareholders from Sharon Carmel, Chief Executive Officer.

    Dear Shareholders:

    I am pleased to share with you our Q1-2025 activities, progress, and other recent updates, including the expansion of our sales initiatives, supported by growing traction from large-scale prospective customers, participation in leading industry events where we engaged with hundreds of attendees, and continued advancement of our strategic partnerships.

    Q1 2025 Highlights  – Capitalizing on Market Validation:

    Scaling Our Sales Pipelines

    Beamr’s value proposition continues to gain traction across verticals where video is central to business activity and its usage is growing rapidly. Our technology addresses critical challenges associated with large-scale video workflows, including storage, networking, and operational efficiency. These challenges are particularly acute in markets such as media and entertainment, user-generated content, and machine learning sectors, including internet-of-things and autonomous vehicles.

    During Q1 2025 and into early Q2 2025, Beamr expanded its sales team by adding two U.S.-based sales managers to strengthen outreach and responsiveness in our key geographic market. The company’s executives and sales directors conducted more than 130 face-to-face meetings with existing and prospective customers, as well as strategic partners. A significant portion of these meetings took place at three premier industry events: ACM Mile-High-Video 2025, NVIDIA GTC 2025, and the NAB Show 2025. During these engagements, Beamr showcased its high-quality, high-performance, GPU-accelerated video solutions, enabling efficient AI-powered video enhancements. 

    In the coming months, we aim to build on the expanding sales pipeline and growing industry recognition. We anticipate significant revenue growth in 2025, driven by the momentum established in customer and prospect engagements and continued implementation of our go-to-market strategy.

    Amazon Web Services – ISV Accelerate

    In Q1 2025, Beamr joined the AWS ISV Accelerate program, a global co-sell initiative for Amazon Web Services (AWS) partners, offering key benefits to drive visibility and co-selling opportunities. As an Independent Software Vendor (ISV) in the program, Beamr demonstrates strong alignment with AWS’s go-to-market strategies and initiatives. Beamr had progressed from listing on AWS Marketplace to becoming an ISV Accelerate Member in just three months.

    AI Video Webinar

    In January 2025, Beamr hosted a webinar titled: “The Future of AI Video – From Infrastructure to Experience”. The webinar featured Richard Kerris, VP of Media and Entertainment at NVIDIA, Jeffrey Schick, VP Strategic Client Engagement Media and Entertainment at Oracle and myself. 

    Participating in Premier Industry Events

    ACM Mile-High-Video 2025

    In February 2025, I delivered a keynote speech at the ACM Mile-High-Video 2025 conference, held in Denver, Colorado, titled “Is the future of video processing destined for GPU.” The conference is a flagship video formats and streaming event that is geared towards practicing engineers in areas related to media compression and streaming. 

    NVIDIA GTC 2025

    In March 2025, I presented a session showcasing how AI algorithms reshape video quality and usability and improve the efficiency of video workflows, at NVIDIA GTC in San Jose, California. The session attracted more than 430 attendees.

    Beamr CEO Sharon Carmel presenting at NVIDIA GTC 

    NAB Show 2025

    In April, 2025, Beamr participated in the NAB Show 2025 in Las Vegas, Nevada where we presented our solution for scalable, high-quality video content upgrade to the advanced AV1 codec. Our offering, paired with a simple, competitive pricing plan, addresses key adoption barriers to AV1, and received the NAB Show Product of the Year award. As part of the event, I delivered a presentation at the AWS theater and participated in a panel at the Oracle streaming summit. 

    Beamr’s AV1 solution wins the NAB Show Product of the Year award

    In February 2025, Beamr presented at the A.G.P.’s Virtual Technology Conference, and in March 2025 participated in the Loop Capital Markets 2025 Investor Conference. This month, we will participate in the Ladenburg Thalmann Technology Innovation Expo in New York and participate virtually in the Needham Technology, Media & Consumer 1×1 Conference.

    In January 2025, I was interviewed for the Wall Street Resource Podcast (Listen to the full interview here), after an interview at Nasdaq as part of their Amplify Spotlight interview series in December 2024 (Watch the full interview here).

                                  
    Developing the Beamr Cloud and Product Offering

    In recent months, we enhanced our SaaS, Beamr Cloud, with new capabilities addressing evolving needs of customers and prospects, including:

    • Increasing subjective and objective video quality.
    • A competitive, flexible pricing model with tiered, minutes-based plans that support video business growth, offered alongside storage-based pricing tailored to companies with heavy video usage.
    • A “Playground” designed to provide new users with an engaging and intuitive experience for evaluating Beamr’s services.

    Beamr GPU-accelerated, high-quality, and scalable video solutions extend beyond Beamr Cloud to include offerings on our partner cloud platforms, AWS and Oracle Cloud Infrastructure (OCI), private cloud and enterprise-tailored deployments with improved security and privacy, and on-premises deployments.

    Strengthening the Beamr Team

    To support our expanding research and development, sales and marketing initiatives, we hired six new team members across our offices in Herzliya, Serbia and the US, during Q1 2025 and early Q2 2025. New hires include engineers, a product growth lead, and directors of sales.
        
    Financial highlights*

    During the three month period ended March 31, 2025, we generated approximately $0.63M in revenue, compared with $0.41M in the three months ended March 31, 2024, representing a 55% year over year increase, which was primarily attributable to the earlier recognition of a significant legacy license renewal in Q1-2025 that was previously renewed in Q2-2024. Our balance sheet remains strong with $15.2M of cash and cash equivalents, as of March 31, 2025.
        
    The first quarter of 2025 marked a strong start to the year, with multiple opportunities to present our vision and showcase our technology and solutions to hundreds of professionals and executives in the video industry across multiple verticals. We continue to see growing interest in our offerings, highlighting both rising demand and expanding market validation. Notably, we believe that increased engagement from larger industry players signals a promising outlook for the company’s business development in the months ahead. We remain focused on implementing our vision and believe that Beamr will continue to capitalize on the significant validation that we have been creating as we convert prospects in the sales funnel into significant revenue growth in the coming quarters.

    Respectfully,

    Sharon Carmel
    Chief Executive Officer, Beamr Imaging Ltd.

    About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization, trusted by top media companies, including Netflix and Paramount. Beamr’s perceptual optimization technology (CABR) is backed by 53 patents and an Emmy® Award for Technology and Engineering winner. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-accelerated video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables high-performance, cost-effective video modernization to advanced formats, such as AV1, and efficient AI-powered enhancements.

    For more details, please visit www.beamr.com or the investors’ website www.investors.beamr.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition, including its expectations for significant revenue growth in 2025. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2025 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contact:
    investorrelations@beamr.com

    * This unaudited preliminary financial information regarding our revenues for the three months and quarter ended March 31, 2025, is based upon our estimates and subject to completion of our quarter-end financial results. Moreover, this financial information has been prepared solely on the basis of currently available information by, and is the responsibility of, management. Our independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to such preliminary estimates or the accounting treatment thereof and does not express an opinion or any other form of assurance with respect thereto. This preliminary financial information is not a comprehensive statement of our financial results for this period.

    The MIL Network –

    May 12, 2025
  • MIL-OSI: Sprott Physical Uranium Trust Raises US$25.55 Million Through Non-Brokered Private Placement

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 12, 2025 (GLOBE NEWSWIRE) — Sprott Inc. (NYSE/TSX: SII) (“Sprott”) on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (“SPUT” or the “Trust”) today announced that SPUT has completed a US$25.55 million non-brokered private placement of trust units. The proceeds are expected to be used to cover general operating expenses of the Trust for the next year.

    “We launched SPUT with the objective of providing investors with the most liquid and efficient way to invest in physical uranium,” said John Ciampaglia, CEO of Sprott Asset Management. “Since the Trust was launched in 2021, it has purchased approximately 48 million pounds of U3O8 and not sold or loaned out a single pound. I would like to take this opportunity to strongly reiterate that SPUT has the tools, including this private placement, to deliver on its intention not to sell any of the physical uranium that SPUT holds on behalf of thousands of investors. Sprott Asset Management participated in this placement alongside the subscribers and we thank all our unitholders for their continued support of SPUT.”

    Key SPUT Statistics Pro Forma for the Offering:

    • World’s largest physical uranium fund1
    • 66.2 million pounds of physical uranium in U3O8 form
    • US$31.4 million of net cash
    • Net asset value of US$4.64 billion
    • Storage locations in Canada, the United States and France

    About Sprott

    Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “SII”. For more information, please visit www.sprott.com.

    About SPUT

    Important information about SPUT, including its investment objectives and strategies, applicable management fees, and expenses, can be found on its website at www.sprott.com. Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results.

    Caution Regarding Forward-Looking Statements

    This press release contains forward-looking information within the meaning of applicable Canadian securities laws (“forward looking statements”). Forward-looking statements in this press release include, without limitation, the intended use of proceeds and the Trust’s intentions with respect to the sale of physical uranium. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things: the uranium and nuclear energy market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Trust’s continuous disclosure filings, which are available at www.sedarplus.ca. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.

    Investor Contact:

    Glen Williams
    Senior Managing Partner
    Investor and Institutional Client Relations
    Direct: 416-943-4394
    gwilliams@sprott.com

    ________________________
    1
    Based on Morningstar’s universe of listed commodity funds. Data as of 12/31/2024.

    The MIL Network –

    May 12, 2025
  • MIL-OSI: Advantage Solutions Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Supporting clients through a challenging operating environment

    Continuing to make progress on transformation initiatives that will streamline operations

    Management lowers guidance to reflect heightened market uncertainty

    ST. LOUIS, May 12, 2025 (GLOBE NEWSWIRE) — Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage,” “Advantage Solutions,” the “Company,” “we,” or “our”), a leading business solutions provider to consumer goods manufacturers and retailers, today reported financial results for the three months ended March 31, 2025.

    Unless otherwise noted, results presented in this release are from continuing operations, and comparisons are on a prior year basis. Revenues for the three months were $822 million compared with $861 million, and net loss was $56 million compared to a net loss of $50 million.

    Q1 2025 Financial Highlights
    ►   Revenues declined 5% to $822 million. Adjusted EBITDA declined 18% to $58 million.
    ►   The majority of the financial impact was due to intentional client exits and anticipated transformation spending. Labor shortages in some regional pockets and a decline in retail inventory, resulting in lower order volumes, were contributing factors.
    ►   The Company remains focused on disciplined capital allocation with voluntary debt repurchases and share buybacks of approximately $20 million and $1 million, respectively.


    “I am proud of the support we delivered to our clients in the first quarter as our teammates demonstrated a relentless focus during a highly uncertain time,” said Advantage CEO Dave Peacock. “Demand remains healthy in our business across Experiential and Retailer Services, and Branded Services continues to take steps towards greater stability. While we must acknowledge near-term risk from macro-uncertainty as reflected in our updated guidance, I am excited by developments in our new business pipeline and our transformation initiatives, which remain on track to drive efficiency while enhancing growth and cash flow in 2026 and beyond.”

    Consolidated Financial Summary from Continuing Operations
    (amounts in thousands) Three Months Ended March 31,   Change (Reported)
      2025     2024   $   %
    Total Revenues $ 821,792     $ 861,412   $ (39,620)     (4.6 %)
    Total Net Loss $ (56,130)     $ (50,133)   $ (5,997)     12.0 %
    Total Adjusted EBITDA $ 58,181     $ 70,639   $ (12,458)     (17.6 %)
    Adjusted EBITDA Margin   7.1%       8.2%          


    The complete earnings release can be found
    here.

    Media Contact: press@youradv.com
    Investor Contact: investorrelations@youradv.com

    Conference Call Details
    Date/Time  May 12, 2025, 8:30 am EDT
    Dial-in 
    (10 minutes before the call) 
    800-267-6316 within the United States or +1-203-518-9783 outside the United States
    Dial-in Code: ADVQ1
    Webcast  Available at: ADV 1Q 2025 Earnings Webcast
    Replay  844-512-2921 within the United States or +1-412-317-6671 outside the United States
    Replay ID: 11158789


    About Advantage Solutions

    Advantage Solutions is the leading omnichannel retail solutions agency in North America, uniquely positioned at the intersection of consumer-packaged goods (CPG) brands and retailers. With its data- and technology-powered services, Advantage leverages its unparalleled insights, expertise and scale to help brands and retailers of all sizes generate demand and get products into the hands of consumers, wherever they shop. Whether it’s creating meaningful moments and experiences in-store and online, optimizing assortment and merchandising, or accelerating e-commerce and digital capabilities, Advantage is the trusted partner that keeps commerce and life moving. Advantage has offices throughout North America and strategic investments and owned operations in select international markets. For more information, please visit YourADV.com.

    Included with this press release are the Company’s consolidated and condensed financial statements as of and for the three months ended March 31, 2025. These financial statements should be read in conjunction with the information contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 7, 2025.

    Forward-Looking Statements

    Certain statements in this press release may be considered forward-looking statements within the meaning of the federal securities laws, including statements regarding the expected future performance of Advantage’s business and projected financial results. Forward-looking statements generally relate to future events or Advantage’s future financial or operating performance. These forward-looking statements generally are identified by the words “may”, “should”, “expect”, “intend”, “will”, “would”, “could”, “estimate”, “anticipate”, “believe”, “predict”, “confident”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.

    These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Advantage and its management at the time of such statements, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, market-driven wage changes or changes to labor laws or wage or job classification regulations, including minimum wage; future potential pandemics or health epidemics; Advantage’s ability to continue to generate significant operating cash flow; client procurement strategies and consolidation of Advantage’s clients’ industries creating pressure on the nature and pricing of its services; consumer goods manufacturers and retailers reviewing and changing their sales, retail, marketing and technology programs and relationships; Advantage’s ability to successfully develop and maintain relevant omni-channel services for our clients in an evolving industry and to otherwise adapt to significant technological change; Advantage’s ability to maintain proper and effective internal control over financial reporting in the future; Advantage’s substantial indebtedness and our ability to refinance at favorable rates; and other risks and uncertainties set forth in the section titled “Risk Factors” in the Annual Report on Form 10-K filed by the Company with the SEC on March 7, 2025, and in its other filings made from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Advantage assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Non-GAAP Financial Measures and Related Information

    This press release includes certain financial measures not presented in accordance with generally accepted accounting principles (“GAAP”), including Adjusted EBITDA from Continuing Operations, Adjusted EBITDA from Discontinued Operations, Adjusted EBITDA by Segment, Adjusted Unlevered Free Cash Flow and Net Debt. These are not measures of financial performance calculated in accordance with GAAP and may exclude items that are significant in understanding and assessing Advantage’s financial results. Therefore, the measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP, and should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that Advantage’s presentation of these measures may not be comparable to similarly titled measures used by other companies. Reconciliations of historical non-GAAP measures to their most directly comparable GAAP counterparts are included below.

    Advantage believes these non-GAAP measures provide useful information to management and investors regarding certain financial and business trends relating to Advantage’s financial condition and results of operations. Advantage believes that the use of Adjusted EBITDA from Continuing Operations, Adjusted EBITDA from Discontinued Operations, Adjusted EBITDA by Segment, Adjusted Unlevered Free Cash Flow, and Net Debt provide an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing Advantage’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. Additionally, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore Advantage’s non-GAAP measures may not be directly comparable to similarly titled measures of other companies.

    Adjusted EBITDA from Continuing Operations, Adjusted EBITDA from Discontinued Operations and Adjusted EBITDA by Segment are supplemental non-GAAP financial measures of our operating performance. Adjusted EBITDA from Continuing Operations and Adjusted EBITDA from Discontinued Operations mean net (loss) income before (i) interest expense (net), (ii) provision for (benefit from) income taxes, (iii) depreciation, (iv) amortization of intangible assets, (v) impairment of goodwill, (vi) changes in fair value of warrant liability, (vii) stock based compensation expense, (viii) equity-based compensation of Karman Topco L.P., (ix) fair value adjustments of contingent consideration related to acquisitions, (x) acquisition and divestiture related expenses, (xi) (gain) loss on divestitures, (xii) restructuring expenses, (xiii) reorganization expenses, (xiv) litigation expenses (recovery), (xv) costs associated with the Take 5 Matter, (xvi) EBITDA for economic interests in investments and (xviii) other adjustments that management believes are helpful in evaluating our operating performance.

    Adjusted EBITDA by Segment means, with respect to each segment, operating income (loss) from continuing operations before (i) depreciation, (ii) amortization of intangible assets, (iii) impairment of goodwill, (iv) stock based compensation expense, (v) equity-based compensation of Karman Topco L.P., (vi) fair value adjustments of contingent consideration related to acquisitions, (vii) acquisition and divestiture related expenses, (viii) restructuring expenses, (ix) reorganization expenses, (x) litigation expenses (recovery), (xi) costs associated with the Take 5 Matter, (xii) EBITDA for economic interests in investments and (xiii) other adjustments that management believes are helpful in evaluating our operating performance, in each case, attributable to such segment.

    Adjusted EBITDA Margin means Adjusted EBITDA from Continuing Operations divided by total revenues. 

    Adjusted Unlevered Free Cash Flow represents net cash provided by (used in) operating activities from continuing and discontinued operations less purchase of property and equipment as disclosed in the Statements of Cash Flows further adjusted by (i) cash payments for interest, (ii) cash received from interest rate derivatives, (iii) cash paid for income taxes; (iv) cash paid for acquisition and divestiture related expenses, (v) cash paid for restructuring expenses, (vi) cash paid for reorganization expenses, (vii) cash paid for contingent earnout payments included in operating cash flow, (viii) cash paid for costs associated with the Take 5 Matter, (ix) net effect of foreign currency fluctuations on cash, and (x) other adjustments that management believes are helpful in evaluating our operating performance. Adjusted Unlevered Free Cash Flow as a percentage of Adjusted EBITDA means Adjusted Unlevered Free Cash Flow divided by Adjusted EBITDA from Continuing Operations and Adjusted EBITDA from Discontinued Operations.

    Net Debt represents the sum of current portion of long-term debt and long-term debt, less cash and cash equivalents and debt issuance costs. With respect to Net Debt, cash and cash equivalents are subtracted from the GAAP measure, total debt, because they could be used to reduce the debt obligations. We present Net Debt because we believe this non-GAAP measure provides useful information to management and investors regarding certain financial and business trends relating to the Company’s financial condition and to evaluate changes to the Company’s capital structure and credit quality assessment.

    Advantage Solutions Inc.
    Reconciliation of Net Income (Loss) to Adjusted EBITDA
    (Unaudited)
     
    Continuing Operations   Three Months Ended March 31,  
    (in thousands)   2025     2024  
    Net loss from continuing operations   $ (56,130 )   $ (50,133 )
    Add:            
    Interest expense, net     34,360       35,761  
    Provision for (benefit from) income taxes from continuing operations     7,139       (15,865 )
    Depreciation and amortization     50,361       49,748  
    Changes in fair value of warrant liability     10       287  
    Stock-based compensation expense (a)     6,485       8,554  
    Equity-based compensation of Karman Topco L.P. (b)     (1,524 )     390  
    Fair value adjustments related to contingent consideration related to acquisitions (c)     —       778  
    Acquisition and divestiture related expenses (d)     423       440  
    Restructuring expenses (e)     931       —  
    Reorganization expenses (f)     12,240       35,052  
    Litigation expenses (g)     523       284  
    Costs associated with the Take 5 Matter (h)     308       240  
    EBITDA for economic interests in investments (i)     3,055       5,103  
    Adjusted EBITDA from Continuing Operations   $ 58,181     $ 70,639  
                     
    (a)   Represents non-cash compensation expense related to performance stock units, restricted stock units, and stock options under the 2020 Advantage Solutions Incentive Award Plan and the Advantage Solutions 2020 Employee Stock Purchase Plan.
    (b)   Represents expenses related to equity-based compensation expense associated with grants of Common Series D Units of Karman Topco L.P. made to one of the sponsors of Advantage.
    (c)   Represents adjustments to the estimated fair value of our contingent consideration liabilities related to our acquisitions, for the applicable periods.
    (d)   Represents fees and costs associated with activities related to our acquisitions, divestitures, and related activities, including professional fees, due diligence, and integration activities.
    (e)   Restructuring charges including programs designed to integrate and reduce costs intended to further improve efficiencies in operational activities and align cost structures consistent with revenue levels associated with business changes. Restructuring expenses include costs associated with the Voluntary Early Retirement Program and employee termination benefits associated with a reduction-in-force and other optimization initiatives.
    (f)   Represents fees and costs associated with various internal reorganization activities, including professional fees, lease exit costs, severance, and nonrecurring compensation costs.
    (g)   Represents legal settlements, reserves, and expenses that are unusual or infrequent costs associated with our operating activities.
    (h)   Represents costs associated with collection and remediation activities related to the Take 5 Matter, primarily professional fees and other related costs.
    (i)   Represents additions to reflect our proportional share of Adjusted EBITDA related to our equity method investments and reductions to remove the Adjusted EBITDA related to the minority ownership percentage of the entities that we fully consolidate in our financial statements.

    The MIL Network –

    May 12, 2025
  • Maldives thanks India for offering $50 million financial support

    Source: Government of India

    Source: Government of India (4)

    Maldives, on Monday, expressed gratitude to India for offering a Government Treasury Bill of $50 million, which has supported the island nation in its fiscal reform efforts towards economic stability.

    Maldivian Foreign Minister Abdulla Khaleel thanked External Affairs Minister (EAM) S. Jaishankar and the Indian government for offering the timely financial assistance.

    “I express my sincere gratitude to EAM S Jaishankar and the Government of India for extending crucial financial support to the Maldives through the rollover of the $50 million Treasury Bill. This timely assistance reflects the close bonds of friendship between the Maldives & India and will support the government’s ongoing efforts to implement fiscal reforms for economic resilience,” Khaleel posted on X.

    On the request of the Government of Maldives, the State Bank of India (SBI) has subscribed, for one more year, a $50 million Government Treasury Bill issued by the Ministry of Finance of Maldives, said the High Commission of India, Maldives in a press release.

    “Since March 2019, Government of India has been facilitating subscription of several such Treasury Bills by the SBI and rolling them over, annually, interest-free to the Government of Maldives. This has been done under a unique Government-to-Government arrangement, as emergency financial assistance to Maldives,” it stated

    India considers the Maldives as a key maritime neighbour and an important partner in its ‘Neighbourhood First’ policy and Vision ‘MAHASAGAR’ i.e. Mutual and Holistic Advancement for Security and Growth Across Regions.

    “India has assisted Maldives in times of need and the subscription of this Treasury Bill, along with, the Government of India’s decision earlier this year to extend the special quota for export of essential commodities for Maldives, reflect India’s continued support to the Government and the people of the Maldives,” it further added.

    In February, the Ministry of External Affairs (MEA) allocated Rs 5,483 crore for aid to foreign nations, slightly higher than last year’s Rs 4,883 crore, which was announced in the Union Budget 2025-26.

    The Maldives received the maximum increase in assistance, from Rs 470 crore in the revised 2024-25 budget to Rs 600 crore in 2025-26.

    In January, EAM Jaishankar, during his meeting with Abdulla Khaleel, said that the Maldives remains a “concrete expression” of India’s ‘Neighbourhood First’ policy and New Delhi has always stood by the Indian Ocean archipelago, especially when it comes to giving financial support during challenging times.

    “We have increased our engagements in various sectors, and I want to emphasise that India has always stood by the Maldives. You are a concrete expression of our ‘Neighbourhood First’ policy,” said EAM Jaishankar.

    Khaleel, on his part, had appreciated the timely emergency financial assistance extended by India to Maldives in times of need, reflecting India’s role as the “First Responder” of Maldives.

    He reaffirmed the Maldivian government’s firm commitment to work closely with the Government of India in realising the Joint Vision for India-Maldives Comprehensive Economic and Maritime Security Partnership.

    (IANS)

    May 12, 2025
  • MIL-OSI Asia-Pac: Swiss delegation begins China visit in Hong Kong to deepen digital innovation ties (with photos)

    Source: Hong Kong Government special administrative region

    Swiss delegation begins China visit in Hong Kong to deepen digital innovation ties  
         The delegation’s first stop in Hong Kong featured a thematic seminar titled “Hong Kong – Gateway to China and Asia” organised by Alliance Digital Security Switzerland ADSS, focusing on digital transformation in the age of AI, cybersecurity, and cross-border investment. The event was officiated by representatives from both Swiss and Hong Kong governments and business communities, including the Consul-General of Switzerland in Hong Kong, the Alliance Digital Security Switzerland ADSS, and the Swiss Chamber of Commerce in Hong Kong.
     
         In his opening address, the Acting Director-General of Investment Promotion at Invest Hong Kong (InvestHK), Mr Arnold Lau, highlighted Hong Kong’s strategic advantages as a launchpad for global tech companies.
     
         “Switzerland is one of Hong Kong’s most promising partners in Europe. Its strengths in life sciences, deep tech, fintech, education, and creative industries align closely with Hong Kong’s innovation priorities,” he remarked. “Hong Kong is embracing new opportunities for international business, driven by robust digital and regulatory advancements. The recent passage of a new cybersecurity law strengthens the protection of critical infrastructure, giving companies greater confidence to operate in a secure environment. Additionally, the launch of the GBA Standard Contract for cross-boundary data flow enables businesses to transfer personal data safely and efficiently within the Greater Bay Area, promoting seamless collaboration and digital service delivery across borders. These developments position Hong Kong as a trusted, future-ready hub for digital innovation, offering tremendous opportunities for Swiss and global companies.”
     
         The President of the Alliance Digital Security Switzerland ADSS and member of the Foreign Affairs Committee of the Swiss Parliament, Mr Franz Grüter, said, “We are in Hong Kong not only to showcase Switzerland’s excellence in digital innovation, cybersecurity, and education, but more importantly, to establish robust and sustainable partnerships. As a bridge between international markets and Mainland China, Hong Kong holds immense strategic value for Swiss businesses. Our collaboration will drive shared growth in the digital economy.”
     
         The Deputy Commissioner (Digital Infrastructure) at the Digital Policy Office (DPO), Mr Daniel Cheung, shared Hong Kong’s digital policies and strategies on digital infrastructure and AI ecosystem development during his keynote address. He said, “In the digital age, governance models must evolve in tandem. As a global digital hub, Hong Kong is making advances not only in technology but also in policy innovation. We are actively promoting data interoperability, process re-engineering, and the adoption of AI and other cutting-edge technologies to deliver more efficient and user-friendly digital services.”
     
         The seminar also featured a panel discussion moderated by the Head of Information and Communications Technology at InvestHK, Miss Wendy Chow. Experts from Thales, Swire Coca-Cola, and the Hong Kong-Shenzhen Innovation and Technology Park explored cybersecurity challenges in the era of artificial intelligence.
         ???
         InvestHK will continue to collaborate closely with the Consulate General of Switzerland in Hong Kong, the Swiss Chamber of Commerce in Hong Kong, and Swiss enterprises to support their business establishment and expansion in the region. It will also strengthen partnerships with the DPO, the Hong Kong-Shenzhen Innovation and Technology Park, and other departments to drive the development of the local innovation and technology ecosystem. Through cross-sector and interdepartmental co-operation and continuously strengthening international exchange and collaboration, InvestHK is committed to enhancing enterprise support, promoting technology adoption, and reinforcing the city’s status as a leading international innovation hub and smart city.
    Issued at HKT 19:00

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    May 12, 2025
  • MIL-OSI: Hut 8 Subsidiary American Bitcoin Announces Go-Public Transaction

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, May 12, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its majority-owned subsidiary, American Bitcoin, has entered into a definitive merger agreement to go public with Gryphon Digital Mining, Inc. (Nasdaq: GRYP) (“Gryphon”) pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock merger transaction.

    Upon closing, the combined company will operate under the American Bitcoin brand, led by the American Bitcoin board of directors, including Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim, and management team, including Mike Ho, Matt Prusak, and Eric Trump. The combined company is expected to trade on Nasdaq under the ticker symbol “ABTC.” The transaction is expected to close as early as Q3 2025.

    “This transaction marks the next step in scaling American Bitcoin as a purpose-built vehicle for low-cost Bitcoin accumulation at scale,” said Asher Genoot, CEO of Hut 8. “By taking American Bitcoin public, we expect to unlock direct access to dedicated growth capital independent of Hut 8’s balance sheet, while preserving long-term exposure to Bitcoin upside for our shareholders.”

    Existing stockholders of American Bitcoin are expected to own approximately 98% of the combined company. Immediately following the completion of the transaction, the Company will beneficially own a majority of the issued and outstanding capital stock of the combined company.

    Following the transaction, Hut 8 will continue to serve as American Bitcoin’s exclusive infrastructure and operations partner through a series of long-term commercial agreements expected to generate stable, contracted revenue streams in Hut 8’s Power and Digital Infrastructure segments.

    Additional Transaction Information

    American Bitcoin has made available on its website a presentation with additional information concerning the transaction.

    Supplemental Materials and Upcoming Communications

    For important news and information regarding the Company, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company’s website, https://hut8.com/investors, and its social media accounts, including on X and LinkedIn. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, some of which may contain material and previously non-public information.

    About Hut 8 

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

    About American Bitcoin

    American Bitcoin is a Bitcoin accumulation platform focused on building American’s Bitcoin infrastructure backbone. A majority-owned subsidiary of Hut 8, the company combines Hut 8’s proven mining operations, cost-efficient infrastructure development capabilities, and disciplined approach to capital allocation with Eric Trump’s commercial acumen, capital markets expertise, and commitment to the advancement of decentralized financial systems. For more information, visit www.americanbtc.com and follow the company on X at @AmericanBTC.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements, include, but are not limited to, statements relating to the structure, timing, and completion of the proposed transaction between American Bitcoin and Gryphon, the combined company’s listing on Nasdaq after the closing of the proposed transaction, the expected management and board of directors of the combined company, American Bitcoin’s capital markets access, Hut 8’s ability to preserve long-term exposure to Bitcoin upside for its shareholders, Hut 8’s ownership interest in the combined company, Hut 8’s exclusive provision of infrastructure and operations services to American Bitcoin, and the vision, goals, and trajectory of American Bitcoin and the combined company.

    Forward-looking statements are not statements of historical fact, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: the occurrence of any event, change, or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement; the possibility that the proposed transaction does not close when expected or at all because the conditions to closing are not satisfied on a timely basis or at all, including the failure to timely obtain stockholder approval for the proposed transaction from Gryphon’s stockholders, if at all; risks related to Gryphon’s continued listing on Nasdaq until closing of the proposed transaction; the outcome of any legal proceedings that may be instituted against American Bitcoin, Gryphon, or the combined company; the possibility that the anticipated benefits of the proposed transaction to the parties or to Hut 8 are not realized when expected or at all; the possibility that the vision, goals, and trajectory of the combined company are not timely achieved or realized or achieved or realized at all; the possibility that the integration of the two companies may be more difficult, time-consuming or costly than expected; the possibility that the proposed transaction may be more expensive or take longer to complete than anticipated, including as a result of unexpected factors or events; the diversion of management’s attention from ongoing business operations and opportunities; changes in Gryphon’s stock price before closing; and other factors that may affect future results of American Bitcoin, Gryphon, or the combined company. Additional factors that could cause results to differ materially from those described above can be found in Gryphon’s most recent annual report on Form 10-K for the fiscal year ended December 31, 2024 and other documents subsequently filed by Gryphon with the Securities Exchange Commission (the “SEC”), and in the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Additional Information About the Proposed Transaction and Where to Find It

    This press release relates to a proposed transaction between American Bitcoin and Gryphon. In connection with the proposed transaction, Gryphon intends to file with the SEC a Registration Statement on Form S-4 (the “Registration Statement) to register the Class A common stock to be issued by Gryphon in connection with the proposed transaction. The Registration Statement will include a proxy statement of Gryphon and a prospectus of Gryphon (the “Proxy Statement/Prospectus”), and each of American Bitcoin and Gryphon may file with the SEC other relevant documents concerning the proposed transaction. After the Registration Statement is declared effective, the definitive Proxy Statement/Prospectus will be sent to the stockholders of Gryphon to seek their approval of the proposed transaction. This press release is not a substitute for the Registration Statement, the Proxy Statement/Prospectus or any other relevant documents that American Bitcoin or Gryphon has filed or will file with the SEC. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND STOCKHOLDERS OF GRYPHON ARE URGED TO CAREFULLY AND ENTIRELY READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT AMERICAN BITCOIN, GRYPHON, THE PROPOSED TRANSACTION, AND RELATED MATTERS.

    A copy of the Registration Statement, Proxy Statement/Prospectus, as well as other relevant documents filed by American Bitcoin and Gryphon with the SEC, may be obtained free of charge, when they become available, at the SEC’s website at www.sec.gov. You will also be able to obtain these documents free of charge, when they are available, by directing a request to Gryphon’s Investor Relations department at 646-755-7412 or emailing James@HaydenIR.com. The information on the Company’s, American Bitcoin’s, or Gryphon’s respective websites is not, and shall not be deemed to be, a part of this communication or incorporated into other filings either company makes with the SEC.

    Participants in the Solicitation

    American Bitcoin, Gryphon and certain of their respective directors, executive officers, and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of Gryphon, their ownership of Gryphon common stock, and Gryphon’s transactions with related persons is set forth in its Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on March 31, 2025, the definitive proxy statement for Gryphon’s 2024 annual meeting of stockholders, as filed with the SEC on August 7, 2024, the definitive proxy statement for Gryphon’s 2025 special meeting of stockholders, as filed with the SEC on April 21, 2025, and other documents that may be filed from time to time with the SEC. Additional information about the directors and executive officers of American Bitcoin and Gryphon and other persons who may be deemed to be participants in the solicitation of stockholders of Gryphon in connection with the proposed transaction and a description of their direct and indirect interests will be included in the Proxy Statement/Prospectus related to the proposed transaction or other relevant materials, which will be filed with the SEC. These documents may be obtained free of charge, when they become available, at the SEC’s website at www.sec.gov and from Gryphon using the sources indicated above.

    No Offer or Solicitation

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

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

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

    The MIL Network –

    May 12, 2025
  • MIL-OSI: Turtle Club raises $6.2M to advance onchain liquidity distribution protocol

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, May 12, 2025 (GLOBE NEWSWIRE) — Turtle Club today announced the close of a $6.2 million seed funding round to advance its on-chain liquidity distribution protocol. The funding supports the project’s mission to improve how liquidity is coordinated and deployed across decentralized finance (DeFi) ecosystems.

    The round was led by THEIA, with participation from Susquehanna (SIG), Laser Digital, Consensys, Selini, RE7 Capital, L2IV, Archimed Capital, Trident Digital, Bodhi Ventures, Shorewoods, Triton Liquid, AUROS Global, Chorus One, Frachtis, Moonhill Capital, Tulipa Capital, and others. Notable angel investors include Ethereum co-founder Joseph Lubin, Wintermute co-founder Yoann Turpin, and Ryan Fang of Ankr.

    Turtle Club enables on-chain liquidity distribution by allowing liquidity providers (LPs) to earn rewards across multiple protocols. The protocol also helps projects and distribution partners align incentives, create visibility into liquidity costs across chains, establish risk-adjusted benchmarks for protocol categories, and design more sustainable incentive models. Capital providers benefit from transparent metrics that guide strategic deployment.

    Since its launch in March 2024, Turtle Club reports:

    • 315,000+ registered wallets
    • $2.3 Billion+ in total value bootstrapped
    • 51 integrated protocols
    • $550 million deployed in 45 days via its first chain bootstrapping campaign

    “As liquidity becomes more fragmented across chains and protocols, the need for structured, transparent distribution has never been greater,” said Essi Lagevardi, CEO of Turtle Club. “This round allows us to continue building mechanisms that reward capital providers fairly, help protocols design sustainable incentive programs, and support a more efficient, transparent DeFi liquidity environment. At the end of the day, our mission is simple: deliver the best-quality dealflow and the best possible service to LPs. When you consistently do both, everything else follows.”

    Turtle Club will use the proceeds to expand its engineering team, support new protocol integrations, and grow its distribution network.

    About Turtle Club

    Turtle Club is a protocol for on-chain liquidity distribution, designed to connect LPs, protocols, and partners through sustainable and transparent incentive models. Operated by Phantom Protocol AG and launched in March 2024, Turtle Club has become one of the fastest-growing liquidity coordination layers in Web3.

    Contact:
    Pedro Verdades
    Head of Marketing at Turtle Club
    press@turtle.club

    Disclaimer: This is a paid post and is provided by Turtle Club. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/21643c35-7d37-4ae3-bb75-7effa25f7601

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fbd09214-18c6-44fb-904d-097d78294e36

    The MIL Network –

    May 12, 2025
  • MIL-OSI: Cybersecurity Veteran Kevin Mandia joins DTEX’s Advisory Board

    Source: GlobeNewswire (MIL-OSI)

    Founder of Mandiant and advisor to global governments and Boards will support the company’s insider-risk mission

    SAN JOSE, Calif. , May 12, 2025 (GLOBE NEWSWIRE) — DTEX Systems, the trusted leader of insider risk management, today announced the appointment of Kevin Mandia to its Advisory Board. A recognized authority on cyber defense, threat intelligence and national security issues, Mandia joins DTEX at a time when insider threats – fueled by geopolitical conflict, technological misuse, the rise of AI, and increased remote digital access – are accelerating in both scale and sophistication. These human elements remain the most unpredictable aspect of insider risk, requiring organizations to focus not just on technology, but on human behavior.

    A former military officer and founder of Mandiant, Mandia has advised U.S. diplomats, testified before Congress, and led incident response for some of the most consequential cyber breaches of the past two decades. His experience, going from founder to public-company CEO and building Mandiant into one of the world’s most respected incident response and threat intelligence firms, coupled with now supporting early-stage innovation as a Co-founder and General Partner at Ballistic Ventures, will help guide DTEX to deter insider threats before they become national security issues or enterprise incidents.

    “Insider risks have become a growing concern for organizations and national security alike,” said Mandia. “We are seeing increasing attention from Boards and leadership teams as adversaries exploit trusted access. DTEX has developed a thoughtful, proactive approach that goes beyond traditional alerts to help organizations detect, understand, and mitigate these threats. I’m proud to support a team committed to helping customers stay ahead of the evolving risk landscape.”

    DTEX’s 2025 Cost of Insider Risks Global Report highlights that 81% of organizations now have or are planning to have an insider risk management program. This aligns with the 2024 Department of Homeland Security (DHS) Homeland Threat Assessment, which underscores a significant increase in cyber espionage activities targeting critical infrastructure sectors, including technology, government and healthcare. Nation-state actors are intensifying efforts by using sophisticated tactics to compromise national security and public safety. As a result, Boards are prioritizing strategies to defend against insider threats for organizational resilience.

    “On behalf of the team at DTEX Systems, we are thrilled to welcome Kevin Mandia to the DTEX Advisory Board,” said Marshall Heilman, CEO of DTEX Systems. “Kevin was an early-career mentor to me, so I know firsthand that his expertise combined with his mission-oriented focus from Mandiant will be invaluable for our mission to protect organizations and governments from insider risks.”

    Mandia joins an esteemed group of cybersecurity and intelligence leaders on the DTEX Advisory Board, including The Honorable Sue Gordon, former Principal Deputy Director of National Intelligence, and Rear Admiral (Ret.) Mike Studeman, former Commander of the Office of Naval Intelligence. DTEX also recently welcomed Michael “Barni” Barnhart, former head of Google Mandiant’s North Korea threat hunting operations, to its Insider Intelligence and Investigations (i³) team.

    Mandia’s appointment highlights the urgent reality that insider risk is more than an operational concern, rather it is an existential threat to national security and enterprise stability. With Mandia’s renowned strategic insight, DTEX is positioned to accelerate the development and deployment of innovative solutions that detect, deter, and defend against insider threats, enabling organizations worldwide to proactively secure their most critical assets.

    To learn more about DTEX Systems, please visit www.dtexsystems.com

    About DTEX Systems
    As the trusted leader of insider risk management, DTEX transforms enterprise security by displacing reactive tools with a proactive solution that stops insider risks from becoming data breaches. DTEX InTERCEPT™ consolidates Data Loss Prevention, User Activity Monitoring, and User Behavior Analytics in one lightweight platform to enable organizations to achieve a trusted and protected workforce. Backed by behavioral science, powered by AI, and used by governments and organizations around the world, DTEX is the trusted authority for protecting data and people at scale with privacy by design.

    To learn more about DTEX Systems, please visit www.dtexsystems.com

    Connect with DTEX: LinkedIn | Twitter | YouTube

    Media Contact
    Mariah Gauthier
    dtex@highwirepr.com 

    The MIL Network –

    May 12, 2025
  • MIL-OSI: Liquidia Corporation Provides Update on Litigation Filed by United Therapeutics

    Source: GlobeNewswire (MIL-OSI)

    • New litigation filed against Liquidia in U.S. District Court for the Middle District of North Carolina alleges infringement of UTHR’s ‘782 patent and seeks to enjoin Liquidia from commercializing YUTREPIA
    • ‘782 patent claims same general subject matter as UTHR’s invalidated ‘793 patent
    • Does not impact FDA’s ability to take final action on NDA for YUTREPIA on PDUFA goal date of May 24, 2025

    MORRISVILLE, N.C., May 12, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, today announced that United Therapeutics Corporation (UTHR) filed a complaint on May 9, 2025, in the U.S. District Court for the Middle District of North Carolina (Case No. 1:25-cv-00368) against Liquidia alleging infringement of U.S. Patent No. 11,357,782 (the ‘782 patent). Additionally, the complaint seeks to enjoin Liquidia from commercializing YUTREPIA™ (treprostinil) inhalation powder if approved by the U.S. Food and Drug Administration (FDA) to treat pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD).

    Dr. Roger Jeffs, CEO, Liquidia said: “We are not surprised by UTHR’s repeated, last-minute attempts to deny PAH and PH-ILD patients access to an alternative therapy. We have invalidated similar claims covering the treatment of pulmonary hypertension patients with inhaled treprostinil in the past and will continue to defend the rights of patients suffering with these critical illnesses to choose the therapy that works best for them.”

    The ‘782 patent, which issued on June 14, 2022, arises out of the same patent family as U.S. Patent No. 10,716,793 (the ‘793 patent) and claims the same general method of administering inhaled treprostinil to pulmonary hypertension patients. As disclosed in July 2022, the ‘793 patent was held to be invalid in a proceeding before the Patent Trial and Appeal Board (PTAB). The PTAB’s decision was affirmed by the U.S. Court of Appeals for the Federal Circuit in December 2023. The United States Supreme Court rejected UTHR’s petition for a writ of certiorari, thereby upholding PTAB’s decision which found that all claims of the ‘793 patent are unpatentable due to prior art as final and not subject to further appeal.

    UTHR is currently not seeking any injunction against the FDA to prevent final approval of the New Drug Application (NDA) for YUTREPIA. As previously announced, the FDA set a Prescription Drug User Fee Act (PDUFA) goal date of May 24, 2025.

    About Liquidia Corporation
    Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of Liquidia’s lead candidate, YUTREPIA™ (treprostinil) inhalation powder, an investigational drug for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer, and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.

    Cautionary Statements Regarding Forward-Looking Statements 
    This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including statements regarding our future results of operations and financial position, our strategic and financial initiatives, our business strategy and plans and our objectives for future operations, are forward-looking statements. Such forward-looking statements, including statements regarding clinical trials, clinical studies and other clinical work (including the funding therefor, anticipated patient enrollment, safety data, study data, trial outcomes, timing or associated costs), regulatory applications and related submission contents and timelines, including the potential for final FDA approval of the NDA for YUTREPIA, the timeline or outcome related to patent litigation in the U.S. District Court for the District of Delaware or the U.S. District Court for the Middle District of North Carolina, including rehearings or appeals of decisions in any such proceedings, the issuance of patents by the USPTO and our ability to execute on our strategic or financial initiatives, involve significant risks and uncertainties and actual results could differ materially from those expressed or implied herein.   The invalidity of one patent is not necessarily determinative as to the validity of a second patent, even if the patents arise out of the same patent family or claim similar subject matter. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would,” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks discussed in our filings with the SEC, as well as a number of uncertainties and assumptions. Moreover, we operate in a very competitive and rapidly changing environment and our industry has inherent risks. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that these goals will be achieved, and we undertake no duty to update our goals or to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact Information

    Investors:
    Jason Adair
    Chief Business Officer
    919.328.4350
    jason.adair@liquidia.com

    Media:
    Patrick Wallace
    Director, Corporate Communications
    919.328.4383
    patrick.wallace@liquidia.com

    The MIL Network –

    May 12, 2025
  • MIL-OSI: Enwave Announces Expansion of Energy from Waste District Heating Facility in Prince Edward Island, Avoiding Landfill for Nearly 90% of the Black Cart Residential Waste in Province

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 12, 2025 (GLOBE NEWSWIRE) — Enwave Energy Corporation (Enwave) has announced today the commitment to build a new waste processing facility in Prince Edward Island, beginning this fall. The facility will be in operation by 2028 and will replace the existing end-of-life system. Enwave, in partnership with the Province of Prince Edward Island, has proudly undertaken this expansion to address the growing need to identify sustainable waste solutions in the province.

    The existing district energy plant converts municipal solid waste and biomass — scrap wood from forest harvesting operations — to energy and provides that energy to its customers through the interconnected district energy network. After nearly thirty years of operation, the plant is approaching end-of-life and will be replaced with the new, expanded facility. Since 2017, the Province of Prince Edward Island and Enwave have collaborated on this project with a united goal to reduce waste and Greenhouse Gas (GHG) emissions at a time when sustainable waste solutions are needed more than ever.

    This new, state-of-the-art facility is capable of processing 90% of the province’s total black cart residential waste, significantly reducing landfill waste. The expansion of this critical facility will significantly replace the use of fuel oil for heating while providing further reliability and redundancy to more than 145 connected buildings in Charlottetown, the province’s capital city, including the Queen Elizabeth Hospital, the University of Prince Edward Island, schools and residences. Enwave’s district energy system has a proven track record as a reliable and critical source of energy in the province, having maintained uninterrupted operations to critical customers during recent natural phenomena such as hurricanes Juan, Dorian and Fiona, as well as during the hurricane-strength blizzard, White Juan, in 2004.

    Rendering of Enwave’s new waste processing facility in Prince Edward Island, anticipated to be in operation by 2028 to replace the existing end-of-life system.

    Enwave brings more than thirty years of experience in advanced Waste-to-Energy systems to the project, a proven path to avoiding landfill waste and reducing GHG emissions. Through this expansion, the annual impact of avoiding landfill by using up to 49,000 tonnes of municipal solid waste for heating will amount to GHG savings of up to 908,000 tonnes of CO2e by 2052, equivalent to taking 278,000 cars off the road.

    Leveraging Waste-to-Energy technology provides a real solution and tangible option for communities around the country to reduce the need for additional landfills and help to meet carbon emission reduction targets. With global waste forecasted to increase 70% by 2050, this project is a testament to scalable and sustainable pathways that directly address concerns of rising waste.

    “We are very grateful for the support and confidence of the government of PEI and the people of this province, enabling us to make this long-term commitment as a critical energy partner,” says Carlyle Coutinho, CEO of Enwave Energy Corporation. “The eight-year journey to get to this point has seen many hurdles, however both Enwave and the province have remained committed to making this expansion a reality. This project is an example of how governments and private companies can work together to achieve long-term, sustainable solutions at scale through a shared purpose, creating a better world for today and generations to come.”

    “Waste to Energy technology is a great example of a sustainable, innovative solution to meeting PEI’s energy needs,” says PEI Environment, Energy and Climate Action Minister Gilles Arsenault. “This expansion helps us continue to minimize energy costs for important provincial buildings and reduce greenhouse gas emissions. As an added benefit, using this waste for energy helps us extend the life of our existing landfill.”

    Enwave’s expansion of the waste processing facility and operations will nearly double existing waste processing capacity while directly aligning with Charlottetown’s Vision for a Sustainable Energy Future by transitioning to renewable clean energy and incorporating sustainable innovation and technology.

    “The CIB is proud to be a part of this project given the important role it will play in modernizing the city’s district energy system, ensuring affordable and clean energy supply to more than 145 connected buildings in the Charlottetown core,” says Ehren Cory, CEO, Canada Infrastructure Bank.

    The new waste processing facility expansion is supported financially by the Canadian Infrastructure Bank through an aggregate facility of $600M supporting innovative energy projects across Enwave’s portfolio, including Lakeview Village in Mississauga, Ontario (Wastewater Heat Recovery technology), Etobicoke Civic Centre in Toronto (Geo-exchange technology), and this project in PEI (Waste-to-Energy technology).

    Enwave has worked closely alongside key partners that are critical to the success of the PEI expansion project, including Maple Reindeers Constructors Ltd., Marco Group, Ramboll Group A/S, Coles Associates Ltd., Stantec, Martin GmbH, ANDRITZ TEP, LAB SA and Kone Cranes Canada Inc.

    A ceremony announcing the official groundbreaking of the new waste processing facility will take place in the fall of 2025.

    About Enwave

    Enwave is one of the largest commercial owner and operators of community-based district energy systems in North America. They develop reliable, commercial and sustainable energy solutions at scale, tailored to the unique needs of municipalities, commercial developments, universities, hospitals, data centres and residential communities. Enwave provides thermal energy services to over 100 million square feet of mixed-use space across Canada using a variety of technologies including Deep Lake Water Cooling, thermal storage, geoexchange, biomass and energy-from-waste. Enwave was acquired by Ontario Teachers’ Pension Plan & IFM Investors in 2021. Since its founding over 20 years ago, Enwave has invested over $1 billion in Canadian infrastructure.

    https://www.enwave.com

    For more information, interview requests or high-res images please contact:

    Katie Good, GoodPR
    katie@goodpr.ca
    (416) 540-2195

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/09037f6e-0b81-4106-acf2-051e5ef0ebc3

    The MIL Network –

    May 12, 2025
  • MIL-OSI: KANZHUN LIMITED to Report First Quarter 2025 Results on May 22, 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 12, 2025 (GLOBE NEWSWIRE) — KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that it will report its unaudited consolidated results for the first quarter ended March 31, 2025, before the U.S. market opens on Thursday, May 22, 2025.

    The Company will host a conference call on Thursday, May 22, 2025 at 8:00PM Beijing Time (8:00AM U.S. Eastern Time) to discuss the results.

    Participants are required to pre-register for the conference call at:
    https://register-conf.media-server.com/register/BIeadb7cf2cfe04e00b061e4ce881794a3

    Upon registration, participants will receive an email containing participant dial-in numbers and unique personal PIN. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.

    A live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.zhipin.com.

    About KANZHUN LIMITED

    KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China. The Company connects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion.

    For more information, please visit https://ir.zhipin.com.

    For investor and media inquiries, please contact: 

    KANZHUN LIMITED
    Investor Relations
    Email: ir@kanzhun.com

    In China:

    PIACENTE FINANCIAL COMMUNICATIONS
    Helen Wu
    Tel: +86-10-6508-0677
    Email: kanzhun@tpg-ir.com

    In the United States:

    PIACENTE FINANCIAL COMMUNICATIONS
    Brandi Piacente
    Phone: +1-212-481-2050
    Email: kanzhun@tpg-ir.com

    The MIL Network –

    May 12, 2025
  • MIL-OSI: MEXC Launches DEX+ Super Fest with Multiple Rewards and Fee Rebates

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 12, 2025 (GLOBE NEWSWIRE) — MEXC, the world’s leading cryptocurrency trading platform, is thrilled to announce the launch of its highly anticipated DEX+ Super Fest. The event kicks off on May 10, 2025, at 05:00 (UTC) and runs through June 10, 2025, at 05:00 (UTC). This global celebration brings users a unique trading experience packed with exciting benefits, generous incentives, and the chance to earn up to 550 USDT in rewards.

    MEXC DEX+ seamlessly integrates the security and convenience of centralized trading with the asset diversity and early price discovery advantages of decentralized platforms. Designed to make on-chain trading simpler and safer, DEX+ empowers users to engage confidently in the Web3 space.

    To support the growth of the DEX+ ecosystem and reward its global user base, MEXC is launching this event with a three-tiered reward structure, encouraging users to explore decentralized trading while benefiting from early market participation.

    Three Reward Tiers—Earn Up to 550 USDT

    1. Exclusive New User Reward

    During the event, new users who register on MEXC for the first time and complete at least 100 USDT in total trading volume on DEX+ will receive 20 USDT worth of SOL tokens, helping them kickstart their journey into trading on DEXs.

    2. Trading Streak Rewards

    Existing users can unlock rewards based on their trading activity:

    • Trade a minimum of 50 USDT over three consecutive days to earn 10 USDT in bonus rewards.
    • Reach a total of 200 USDT in trading volume over seven consecutive days to receive an additional 20 USDT, for a total reward of up to 30 USDT per person.

    3. Referral Rewards

    Invite friends through your unique referral link and earn 20 USDT per valid referral. Each participant can earn up to 500 USDT in referral rewards. Additionally, all referrers will enjoy a 40% trading fee rebate based on their referees’ DEX+ trading activity.

    The DEX+ Super Fest is a rare opportunity for crypto users worldwide to explore decentralized exchanges, enjoy innovative features, and unlock meaningful rewards. Whether you’re just beginning your crypto journey or already an experienced trader, this campaign delivers real value.

    Don’t miss your chance to trade smarter, earn more, and explore the future of DeFi. Visit the DEX+ Super Fest page on MEXC and join today.

    About MEXC

    Founded in 2018, MEXC is dedicated to being “Your Easiest Way to Crypto”. Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 40 million users across 170+ countries. With a focus on accessibility and efficiency, our advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets.

    For more information, please visit: MEXC Official Website| X | Telegram |How to Sign Up on MEXC
    For media inquiries, please contact MEXC PR Manager Lucia Hu at lucia.hu@mexc.com

    Source

    Disclaimer: This is a paid post and is provided by MEXC. 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/02e69a99-234c-4ea2-aa76-5eeb23f86acc

    The MIL Network –

    May 12, 2025
  • MIL-OSI: MEXC Lists 160 Tokens in April, Delivers Over 800% Returns Across Top Gainers

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 12, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has released its April 2025 trading highlights, showcasing impressive results in token performance, early listing advantages, and community-driven events like airdrops.

    Key Takeaways:

    • MEXC listed 160 new tokens in April, led by trends in Meme, GameFi, AI, and DePIN sectors.
    • Top 10 new listings delivered an average of 832.33% ATH return, with HOUSE soaring +3,830%.
    • Tokens with high spot trading volume saw daily returns averaging 403.49%.
    • By pioneering listings for five key tokens—most notably HOUSE, which surged 11,580% between listings—MEXC gave users early access prior to their inclusion in IDO and alpha programs on other tier1 exchanges .
    • Airdrop+ campaigns reached 40,000+ participants, distributing about $1.5M in token rewards with a 40 USDT average return per user.

    According to the report, MEXC listed 160 new tokens in April, a 16.79% increase compared to March. This increase was driven by surging user interest in sectors such as Meme coins, GameFi, AI, and DePIN. This expansion of early-access opportunities reflects MEXC’s agile listing strategy and commitment to supporting new niches and communities.

    Top New Listings Deliver 832% Average Peak Returns

    MEXC’s strategic approach to listings paid off, with the top 10 tokens achieving an average all-time high return of 832.33%. HOUSE led the pack, posting a remarkable +3830.90% gain, followed by SEED (+952.63%) and TROLLSOL (+831.31%). These high performers span ecosystems including Solana, Sui, BSC, Ethereum, and Babylon.

    Strong Daily Performance Tied to Trading Volume

    April’s top 10 tokens by spot trading volume also posted robust short-term returns, with an average 24-hour return of 403.49%. Among them were the following assets:

    • WCT (+849.40%)
    • BANK (+937.10%)
    • BABY (+738.00%)

    The early token growth metrics highlight that activity on the platform is an important signal for early traders.

    MEXC Empowers Traders with Early Price Discovery Capabilities

    Notably, five tokens later featured in leading IDO and alpha programs were listed on MEXC prior to their program debuts, posting price gains of several hundred to several thousand percent between the two events:

    • HOUSE: +11,580%
    • PUMP: +281.54%

    The report findings reinforced MEXC’s reputation as a platform where market momentum is often detected first.

    Airdrop+ Events Attract 40,000 Participants, Drive New Token Buzz

    MEXC ran 23 Airdrop+ campaigns during the month, attracting over 40,000 participants and distributing almost $1.5 million in tokens. The average return per participant was 40 USDT, with top-performing tokens like SEED, PUMP, and BABY included in the prize pools.

    Airdrop+ has proven itself as a tool not only for attracting but also activating users, especially in Asian and emerging markets. A recent MEXC report based on the analysis of more than 100 campaigns in recent months revealed that up to 35% of new users register through participation in airdrop activities. Users involved in the campaign were more likely to continue active trading and participate in subsequent IDO/IEO offerings on the platform.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website| X | Telegram |How to Sign Up on MEXC
    For media inquiries, please contact MEXC PR Manager Lucia Hu: lucia.hu@mexc.com

    Source

    Disclaimer: This is a paid post and is provided by MEXC. 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/afe828f5-67e6-4019-9b94-0ad0634dcb6f

    The MIL Network –

    May 12, 2025
  • MIL-OSI Europe: Text adopted – Discharge 2023: EU general budget – European Data Protection Supervisor – P10_TA(2025)0085 – Wednesday, 7 May 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to its decision on discharge in respect of the implementation of the general budget of the European Union for the financial year 2023, Section IX – European Data Protection Supervisor,

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Civil Liberties, Justice and Home Affairs,

    –  having regard to the report of the Committee on Budgetary Control (A10-0053/2025),

    A.  whereas, in the context of the discharge procedure, the discharge authority wishes to stress the particular importance of further strengthening the democratic legitimacy of the Union institutions by improving transparency and accountability, and implementing the concept of performance-based budgeting and good governance of human resources (HR);

    B.  whereas data protection is a fundamental right, protected by Union law and enshrined in Article 8 of the Charter of Fundamental Rights of the European Union;

    C.  whereas Article 16 of the Treaty on the Functioning of the European Union provides that compliance with the rules relating to the protection of individuals, with regard to the processing of personal data concerning them, is to be subject to control by an independent authority;

    D.  whereas Regulation (EU) 2018/1725 provides for the establishment of an independent authority, the European Data Protection Supervisor (the ‘EDPS’), responsible for protecting and guaranteeing the right to data protection and privacy, and tasked with ensuring that the institutions and bodies, offices and agencies of the Union embrace a strong data protection culture;

    E.  whereas the EDPS carries out its functions in close cooperation with fellow Data Protection Authorities (DPAs) as part of the European Data Protection Board (EDPB), and it serves the public interest while being guided by principles of impartiality, integrity, transparency, pragmatism and respects Union legislation;

    1.  Notes that the budget of the EDPS falls under MFF Heading 7 ’European public administration’, which amounted to a total of EUR 12,3 billion, i.e. 6,4 % of Union budget spending, in 2023; notes that the budget of the EDPS represented 0,18 % of MFF Heading 7 appropriations;

    2.  Notes that the Court of Auditors (the ‘Court’), in its Annual Report (the ‘Court’s report’) for the financial year 2023, examined a sample of 70 transactions under MFF Heading 7, of which 21 (30 %) contained errors; further notes that for five of those errors, which were quantified by the Court, the Court estimated a level of error below the materiality threshold;

    3.  Notes from the Court’s report its observation that administrative expenditure comprises expenditure on HR including pensions, which in 2023 accounted for about 70 % of the total administrative expenditure, and on buildings, equipment, energy, communications and information technology; welcomes the Court’s renewed opinion that, overall, administrative spending is low risk;

    4.  Notes from the Court’s report that in 2023 it audited a salary payment of an official who had last made a declaration concerning rights to family and child allowance in 2020; echoes the Court’s concern that delays in receiving and verifying such declarations increase the risk of ineligible payments;

    Budgetary and financial management

    5.  Notes that the final adopted budget for the EDPS was EUR 22 711 559 in 2023, which represents an increase of 12,06 % compared to 2022; notes that the budget of the EDPS also covers the work of the independent Secretariat of the EDPB; notes from the Annual report of the EDPS for 2023 (the ‘Annual Report’) that the adopted budget of the EDPB was EUR 7,67 million in 2023, including EUR 300 000 granted by means of an amending budget which was needed due to an increase in litigation activities in 2023;

    6.  Acknowledges that the budget monitoring and planning efforts of the EDPS in the financial year 2023 resulted in a budget implementation rate of current year commitment appropriations of 96 % in 2023 (slightly lower than in 2022 when that rate was 98 %); further notes from the report on the EDPS annual accounts for 2023 that the current year payment appropriations execution rate was 84 % (lower than 88 % in 2022); notes in addition, from EDPS replies to the questionnaire submitted by the Committee on Budgetary Control for the 2023 budgetary discharge (the ‘Questionnaire’), that the execution rate of payment appropriations overall was 91,33 % in 2023 (lower than 94,09 % in 2022);

    7.  Notes further that the amount of carry-overs (C8) from 2023 to 2024 was EUR 2 517 942,67 or 11,08 % of the total budget for 2023, compared to EUR 1 827 354,23 or 9,01 % of the total budget for 2022; notes that the execution rate of the C8 budget in 2023 was 76,65 % (higher than 73,77 % in 2022);

    8.  Welcomes an improvement in the average time to pay from 25 days in 2022 to 19 days in 2023, with 97,50 % of payments processed on time; notes that that improvement is also due to the EDPS having solved an old bug with the electronic payment system for invoices linked to mission costs; notes further a significant increase in the number of payments from 799 in 2022 to 1335 in 2023; observes in that context that the number of transactions is still lower than pre-pandemic levels due to changes in the way of working (such as hybrid meetings or virtual events for experts);

    9.  Notes that the effects of illegal Russia’s war of aggression against Ukraine continued to create budgetary pressure on the EDPS in 2023, including through rising inflation and the consequent increase in energy costs, with the most affected budget lines being staff salaries, building security and rental costs, mission costs and services provided by external staff; commends in that context the EDPS for having re-adjusted its priorities and having implemented internal reallocation within budget chapters; understands that budgetary optimisation was necessary in order to successfully manage the indexation of staff salaries and rental costs, as well as an increase in the costs of external lawyer support services due to an increased number of EDPS binding decisions which led to a bigger number of cases to be defended before the Court of Justice of the European Union (CJEU) with the help of external legal assistance; regrets in that context that the EDPS had to postpone some of its activities, such as a feasibility study on artificial intelligence; calls on the EDPS to abide to the competences of its mandate with a collaborative approach with the Union institutions and agencies and to avoid initiating any legal action, especially those which are manifestly inadmissible, in order to avoid negative repercussions on the management of resources, which do not allow the EDPS to carry out its activities as an Institution;

    10.  Expresses concern about the significant increase in EDPS staff mission costs, from EUR 28 789 in 2021 and EUR 176 903 in 2022, to EUR 284 580 in 2023; calls on the EDPS to assess whether the resources spent on missions are being used appropriately and effectively; notes that the EDPS ceased making public the number of missions funded by organisers, as well as information on which unit or sector participated in each mission, thus reducing transparency regarding mission expenses; calls on the EDPS to reinstate this practice; encourages the EDPS to promote the use of video-conferencing tools where suitable, as this could contribute to lowering the number of missions and reducing costs; calls on the EDPS to assess whether the resources spent on missions are being used appropriately and effectively;

    Internal management, performance and internal control

    11.  Notes that the EPDS used nine key performance indicators (KPIs) to monitor its performance in 2023, in alignment with the main objectives of the EDPS Strategy 2020-2024 which is implemented through the Annual Management Plan; notes from the Annual Report that the EDPS over-delivered in almost all areas, as indicated by the results of KPIs for 2023, except for one KPI (the number of EDPS followers on some social media accounts); notes with concern that the EDPS encountered considerable challenges due to a growing workload and intricate data protection issues arising from the rapidly evolving digital landscape, as well as due to the extension of the EDPS mandate to supervisory activities (such as audits and investigations) and replies to consultations and prior consultations, all in the context of a limited budget; notes from the EDPS’ follow-up report to Parliament’s resolution on the implementation of the EDPS’ budget for 2022 (the ‘Follow-up Report’) that several legislative developments in the last two years have impacted the work and resources of the EDPS, due to the extension of Eurojust’s mandate, new information to be received by Europol under the Digital Services Act, the roll out of the new Union’s large-scale databases and interoperability framework in the justice and home affairs field and the entry into force of the Artificial Intelligence Act (the ‘AI Act’); calls on the Commission and on the budgetary authority to take those matters into consideration during the annual budgetary procedure;

    12.  Welcomes the fact that, in 2023, the EDPS strengthened its ability to assess and prepare for emerging technological trends and their potential impact on privacy and data protection; notes that this was achieved through a foresight-based approach, with a focus on monitoring developments in areas such as large language models, digital identity wallets, the internet of behaviours, extended reality, and deep fake detection; welcomes in that context the publication by the EDPS of its third TechSonar initiative on emerging technologies; congratulates moreover the EDPS for having been awarded the GPA Global Privacy and Data Protection Awards 2023 in the category of innovation;

    13.  Notes that 2023 was marked by several organisational changes or updates that were needed in order to respond and adapt to the evolving data protection challenges; welcomes in this context the appointment of a Secretary-General from 1 July 2023; notes in addition the transition of two sectors into units such as ‘Information and Communication’ and ‘Governance and Internal Control’ and the creation of three new specialised sectors under the ‘Technology and Privacy’ (T&P) unit: ‘Systems Oversight and Audit’, ‘Technology Monitoring and Foresight’ and ‘Digital Transformation’;

    14.  Emphasises the role of the EDPS in supervising the processing of personal data by Union institutions, bodies, offices and agencies; notes with concern the length of proceedings before the EDPS, as the EDPS did not close a single investigation in 2023, but in comparison to the previous year, in 2023, the number of notifications beyond the 72 hours significantly decreased;

    15.  Notes that the EDPS received 420 complaints, i.e. 53 more than in 2022, out of which 73 were admissible and 347 inadmissible in 2023; notes that the EDPS issued a final decision, opinion or reply in 31 out of 73 complaint cases received in 2023 within 44 days on average and responded to all 347 inadmissible complaints received; notes that, out of all admissible complaints (ongoing and received in 2023), 55 cases were finalised in 2023, which represents an increase of 17 % compared to 2022; acknowledges the efforts made by the EDPS to reduce the high number of complaints by developing a dynamic tool on the EPDS’ website, although the volume of complaints remained challenging due to limited resources in 2023; notes with satisfaction that the EDPS developed various procedural tools and policies to enhance its investigatory processes in 2023; commends in that context the EDPS for having amended its Rules of Procedure, whereby the “review procedure” is replaced by a “preliminary assessment” in order to safeguard the right to be heard of all the involved parties, thus contributing to a fair and timely handling of complaints and investigations;

    16.  Underlines the important role of consultation and advice of EDPS in the legislative process; notes that, pursuant to Article 42(1) of Regulation (EU) 2018/1725, the EDPS responded to 80 formal legislative consultations and its advice took the form of 54 opinions (27 in 2022), 26 formal comments (49 in 2022) and 34 informal comments (30 in 2022) to the Commission and to the co-legislators in response to legislative consultation requests in 2023; commends the EDPS for its input with regard to the AI Act, in particular EDPS’ own-initiative opinion on the AI Act and advice on the AI liability rules, as well as for EDPS’ input to the GPA resolution on generative AI systems; acknowledges a significant increase (+93 %) of consultation requests over the last five years;

    17.  Notes that, in 2023, the EDPS carried out eight investigations and five pre-investigations, marking a significant increase compared to previous years; notes that in 2023 the EDPS was actively involved in a total of 13 investigations and seven pre-investigations, either launched in 2023 or carried over from prior years; notes that the EPDS continued two complex and resource-intensive formal investigations from 2021 into the use by European Union Institutions, Bodies and Agencies (EUIBAs) of cloud services from non-EU/EEA entities, including a focus on the Commission’s use of Microsoft 365; urges the finalisation of those investigations on time because of their significant impact on the working of institutions; notes further that the EDPS also launched five investigations based on complaints about EUIBAs’ websites, focusing in a broad way on privacy and data protection issues, with preliminary assessments expected in 2024;

    18.  Urges the EDPS to prioritise and enhance procedures for handling the personal data of minors under 15, particularly in the context of Europol’s systems, where such individuals may be marked as suspects; recognises the heightened vulnerability of that group and the need for robust safeguards;

    19.  Notes that the EDPS investigated the Commission’s alleged use of micro-targeting on platform X and continued two pre-investigations: one case concerning EUIBAs’ use of Trello cloud service, which was closed in 2023 and another one on EUIBAs’ use of profiling, which was carried out in 2024; notes that a total of six investigations and four pre-investigations (one pre-investigation in 2022) were launched in the Area of Freedom, Security, and Justice (FSJ), reflecting a significant increase from 2022; notes the EDPS’ concerns with regard to the challenges that may arise in the case of investigations where joint action between national authorities and EUIBA’s is needed; notes in addition that, as part of its audit plan for 2023, the EDPS audited the following bodies: the European Personnel Selection Office, the European Investment Bank, the European Central Bank, the European Centre for Disease Prevention and Control and the European Medicines Agency;

    20.  Recalls that in 2022 the EDPS brought an action for annulment of two provisions of the amended Europol Regulation before the General Court, which was later rejected; notes that meanwhile the EDPS decided to appeal the order of the General Court in case T-578/22(1), believing the issues raised should be addressed at the highest level; regrets that the EDPS did not realise the manifest inadmissibility of its appeal, even if the institution did not intend to challenge an act by Europol, but a retroactive change in the legal framework aimed at neutralising the effects of the EDPS’ enforcement actions; calls on the institution to cooperate with Union institutions and agencies, before initiating legal proceedings that prevent the fulfilment of its mandate and the use of its resources for purposes for which they were intended; notes further that the EDPS also followed up on the implementation of its Order of 3 January 2022, including checks on Europol’s reporting; regrets that the final report on that matter was communicated by the EDPS only on 22 July 2024;

    21.  Notes that, after the pilot implementation of the new risk management framework at the EDPS in late 2022, an anonymous satisfaction survey was conducted in May 2023 to assess its effectiveness and gather additional suggestions; notes further that the survey results were positive, leading to the formal adoption of the framework on 26 June 2023;

    22.  Notes that the internal audit service (IAS) carried out an audit on the methodology for the planning of EDPS audits in the EDPS in 2023; notes that the audit was concluded with two recommendations for which the EDPS submitted an action plan to the IAS; calls on the EDPS to keep the discharge authority informed on a regular basis on the progress made in that matter;

    23.  Recalls the Treaty on the European Union that the EU and its institutions shall promote solidarity and equality between women and men;

    HR, equality and staff well-being

    24.  Notes that, at the end of 2023, the EDPS had 129 members of staff, compared to 127 in 2022; notes that the EDPS employed 50 contract staff (CA) under Article 3(b) of the Staff Regulations of Officials and the Conditions of Employment of Other Servants (52 CA in 2022), 7 temporary agents (TA) under Article 2(b) and 2(c) (6 TA in 2022) and used the services of 12 external services providers (EXT) working intra-muros in 2023 (8 EXT in 2022); encourages the EDPS to continue its efforts towards a more balanced geographical representation among all Member States specifically at managerial level; welcomes the increased diversity of nationalities represented, but notes with regret the continued underrepresentation of women in senior management positions; calls for the adoption of a gender parity roadmap, including proactive recruitment measures and leadership training programs for female staff members;

    25.  Notes that the EDPS had 23 nationalities (from the Member States) represented among its staff in 2023, which is an improvement in comparison with 22 nationalities in 2022; notes with dissatisfaction the over-representation of five nationalities and an underrepresentation of other nationalities; urges the EDPS to continue its efforts to achieve a balanced geographical distribution of nationals from all Member States within its staff, by improving communication, fostering visibility, and enhancing job conditions to attract underrepresented nationalities;

    26.  Observes that, in 2023, the EDPS maintained a workforce comprising 65 % women and 35 % men, consistent with trends from previous years; regrets the absence of women in senior management roles, despite achieving gender parity among the six middle management positions; urges the EDPS to intensify its efforts to ensure gender-balanced representation across all staff levels, and invites the EDPS to promote the application of women also with a view to the next election of the Supervisor by Parliament;

    27.  Notes a high occupancy rate of the establishment plan of 95,65 % but also a high turnover rate of 13 % in 2023; notes that most of the unfilled positions were a result of candidates being unsuitable, given the EDPS’ need for highly specialised profiles and the small pool of eligible candidates; welcomes the addressing of those challenges through republication with a wider or more targeted dissemination of the vacancy or by redrafting the requirements; welcomes the steps taken by the EDPS regarding the hiring process; calls on the EDPS to continue to address the challenges in finding suitable candidates and to keep the discharge authority informed about improvements on staff recruitment and turnover;

    28.  Notes that, in the second half of 2023, the EDPS’ HR team launched a pilot for a new on-boarding process for newcomers, with sessions that cover, inter alia, presentations of core units’ work, ethics, procurement procedures and information security, whereas three on-boarding sessions were offered in 2023; invites the EDPS to continue offering to newcomers “on-boarding” and to all members of staff mandatory sessions that remind the importance of principles such as ethics, conflicts of interest, transparency, internal control and anti-fraud, as they have become the standard in the Union institutions; notes moreover that 12 individual sessions were offered for EDPS and EDPB staff, six sessions of group coaching in which participants (manager level) learned from each other, as well as a one-year team coaching with a designer for leadership development at the European School of Administration in 2023;

    29.  Notes, from the Questionnaire, that the EDPS offers flexible and hybrid working arrangements, that are well-received by members of staff who can benefit, inter alia, from parental leave, time credits, part-time work or working from abroad for a limited number of days per year; notes that, in 2023, the majority of staff made use of those working conditions, whereas 86,30 % of staff made use of teleworking arrangements in 2023; considers that the building infrastructure should be optimised to reflect that high rate of teleworking, which could contribute to reducing operational costs and ensuring more efficient use of office space; welcomes the EDPS’ continued efforts to actively improve physical and mental well-being of its staff;

    30.  Commends the EDPS for carrying out several awareness-raising actions during the year 2023 with information sharing on elimination of racial discrimination, International Women’s Day, EU diversity month and learning about neurodiversity; notes that currently the EDPS does not employ staff with disabilities but has an equal opportunities clause included in all EDPS vacancy notices and actively encourages applications from candidates with disabilities;

    31.  Notes from the Questionnaire that the EDPS considers confidential any information on burnout cases, including the number thereof; disagrees with that opinion and calls the EDPS to provide the discharge authority with the number of burnout cases on a yearly basis; notes with satisfaction that, in 2023, there were no harassment cases reported at the EDPS; welcomes the fact that, in 2023, the EDPS continued to provide an anti-harassment presentation delivered by one of the EDPS’ confidential counsellors, as part of the induction training called the ‘EDPS Welcome Day’; commends the publication of the decision on anti-harassment and the role of the confidential counsellors on the EDPS’ intranet;

    Ethical framework and transparency

    32.  Notes that, in 2023, the EDPS focused its efforts on increasing staff awareness of the EDPS/EDPB ethical framework by organising mandatory dedicated training sessions for all staff and induction trainings for EDPS/EDPB newcomers, appointing a new ethics officer and participating in the ‘Comité Paritaire des Questions Statuaries’ working group on ethics; welcomes the establishment of a mailbox by the EPDS, where members of staff can submit their requests regarding any ethics related inquiries, as well as the use of Commission’s Ethics module in Sysper; encourages the EDPS to continue raising awareness and organising surveys to assess the level of staff awareness of the EDPS/EDPB ethical framework;

    33.  Welcomes the overall high level of transparency achieved by the EDPS concerning its activities, in particular as regards the publication of the agenda and the declaration of interests of the Supervisor and of the Head of EDPS Administration, in line with the Supervisor’s code of conduct of 2019; notes from the Follow-up Report that the EDPS has adopted two codes of conduct, whereas one of them applies to the Supervisor and the other one applies to the EDPS staff; understands that in cases when the Secretary-General is called to replace the Supervisor, the latter’s code of conduct also applies to the Secretary-General;

    34.  Notes with satisfaction that the EDPS has never been involved in any investigations by the European Anti-Fraud Office (OLAF) since its establishment;

    35.  Notes that, out of five inquiries opened by the Ombudsman in 2023 concerning the EDPS, four were closed without any further inquiry; notes that, for one enquiry, the decision was still pending and expected for Q4 2024; calls on the EDPS to keep the discharge authority informed as to the outcome of this enquiry;

    36.  Regrets that the EDPS has still not formally joined the Union’s Transparency Register (TR); nevertheless notes from the Follow-up Report that, with a view to formally joining the TR, the EDPS has launched an internal assessment on transparency measures, whereas, in 2023, exploratory meetings and exchanges of the EDPS with secretariat of the TR took place; calls on the EDPS to inform the discharge authority of the outcome of that assessment exercise; reiterates its call on the EDPS to join and use the TR, including for the proactive disclosure of meetings with any third parties, to ensure transparency in EDPS’ regulatory and advisory functions;

    37.  Notes with satisfaction that, in 2023, the EPDS established internal rules applicable to the hearing of persons that could be affected by an EDPS final decision adopted in own-initiative investigations and inquiries in order to ensure the proper exercise of their fundamental right to be heard in such proceedings; commends the EPDS for publishing a new factsheet on EDPS Investigations and a new EDPS Investigation Policy as well as for ensuring that all financial reports, including annual budgets, accounting and audit reports, are made publicly accessible through a Union institution website and other official channels, as the EPDS takes a leading role in enhancing the cybersecurity preparedness of the Union institutions;

    38.  Notes with satisfaction from the Questionnaire that no cases of conflicts of interest, whistleblowing or fraud were reported in the EDPS in 2023; notes that the EDPS has set up a framework to prevent conflicts of interest at the level of senior management and staff through codes of conduct, awareness raising and declarations of absence of conflicts of interest and confidentiality; notes that, in addition to the mandatory introduction to the ethical framework of the EDPS for all new members of staff, new members of staff are also introduced to the EDPS’ anti-fraud strategy;

    39.  Notes from the Questionnaire that the EDPS has internal rules on whistleblowing, which define safe routes and channels through which staff may raise concerns about fraud, corruption or any other serious wrongdoing, without prejudice to the confidentiality of the identity of the whistleblower and of the information reported; notes that, so far, there has never been a whistleblowing case reported to the EDPS;

    40.  Urges the EDPS to publicly disclose any recusals due to conflicts of interest in its enforcement decisions, ensuring full transparency in regulatory oversight and decision-making;

    Digitalisation, cybersecurity and data protection

    41.  Notes from the Questionnaire that the 2023 budget for IT equipment and projects was 9,5 % lower compared to 2022; notes that that decrease was primarily because no new IT feasibility studies were being commissioned in 2023, as opposed to 2022 where such studies represented a substantial portion of the IT budget; notes further that other cost elements remain relatively stable between the two years, including general IT services and maintenance;

    42.  Notes from the Follow-up Report and the Questionnaire the conclusions of the IT feasibility study carried out in 2022, whereby there are gaps between what the IT tools and services provided by the Commission and Parliament can offer and the specific needs of the EDPS; notes that those gaps should be addressed by developing in-house capabilities and applications for which a minimum of five IT staff and partial outsourcing EDPS was deemed necessary; regrets that, due to budgetary constraints, implementation of the recommendations of the study remained on hold; calls on the EDPS to consider a step-by-step approach by starting with those recommendations and projects that would require fewer resources;

    43.  Commends the progress made in 2023 by the EDPS in digitalising its workflows and processes, with the introduction of ARES, the qualified digital signature (e-IDAS) and a collaborative platform (Nextcloud) for drafting documents and video-conferencing, as well as updates to the tool (Website Evidence Collector) that automates the collection of personal data processing on websites of data controllers and processors, the adoption of the acceptance environment of EU Send Web, a service/channel to exchange sensitive non-classified information with other EUIBAs and further progress made towards implementing services that cannot be outsourced, such as the form and the electronic workflow to manage data breach notifications; notes nevertheless issues with regard to the use and maintenance of the e-procurement system;

    44.  Welcomes the EDPS’s focus on ensuring that external contractors meet the necessary moral and ethical standards expected of all Union institutions, bodies, offices and agencies, particularly in light of the previous use of external companies by EDPS that, according to Yale University’s ranking, continue to operate in Russia;

    45.  Acknowledges that the EDPS successfully relies on many of the administrative systems used by the Commission, particularly in the field of HR and business administration processes, as well as on some of Parliament’s services, including the provision of laptops, network infrastructure and video-conferencing; commends the fact that the project to improve the quality and performance of the computers provided to EDPS staff, in collaboration with Parliament, with a view to the generalisation of hybrid work, has been completed;

    46.  Acknowledges the leading role of EDPS in enhancing the cybersecurity preparedness of the Union institutions, while working closely with bodies such as European Union Agency for Cybersecurity (ENISA) and cybersecurity hubs such as CERT-EU; urges it to develop a structured audit framework for cybersecurity risks within Union bodies; notes that, in 2023, the EDPS continued to improve its readiness to protect personal data and sensitive information against cyber-attacks in view of the rapidly changing cybersecurity threat landscape; commends in that context the EDPS for reviewing its security policies and methodologies in preparation for the impact of the Cybersecurity Regulation (Regulation (EU, Euratom) 2023/2841(2)); notes from the Questionnaire that the EDPS introduced a request for two additional full-time equivalents to cover cybersecurity infrastructure in connection with EDPS’s obligations under that Regulation as well as the EDPS’ role as a member of the Interinstitutional Cybersecurity Board (IICB); notes further with appreciation that the EPDS upgraded its Information Security Policy and the EDPS Acceptable Use Policy to address specific cybersecurity threats in relation to teleworking, use of personal mobile devices and banning of dangerous applications (TikTok); notes that the EDPS did not encounter any cyber-attacks in 2023; calls for annual public reporting on detected threats, response measures, and institutional cyber resilience;

    47.  Commends the EDPS for updating cybersecurity training for all staff and revamping the security training model for newcomers; appreciates that the EPDS has been proactive in raising awareness about cyber security risks, for instance by preparing fact sheets, conducting surveys with EUIBAs and running awareness campaigns; encourages the EDPS to ensure that staff receives compulsory training on the safe and ethical use of AI tools to enhance their understanding and mitigate potential risks;

    Buildings

    48.  Notes that in 2023, as in 2022, the EDPS and EDPB were the sole tenants of Parliament’s building where they were located, following the move of the Ombudsman at the end of 2021 and that by renting their premises from the Parliament rather than the private market the EDPS intends to keep the rental and maintenance costs at a reasonable level; notes that the EDPS had to request an additional EUR 81 856,84 for paying rental costs to Parliament, given that the indexation rate was 8,82 % and thus higher than the 2 % ceiling for administrative expenditures;

    49.  Notes that, in terms of accessibility of its building, the EDPS relies on the decisions taken and implemented by Parliament, as part of their building policy; notes from the Follow-up Report that the EDPS employs staff with physical impairments due to serious illness; welcomes the commitment of the EDPS to explore the possibilities of hiring trainees with reduced mobility or disabilities;

    Environment and sustainability

    50.  Notes that the EDPS has not joined the Eco-Management and Audit Scheme (EMAS) but has implemented several measures to reduce its environmental footprint, such as regulating the temperature automatically and centrally, turning lights off automatically when there is no movement in the room, purchasing eco-friendly products and services and automating the workflows with the introduction of ARES; notes from the Follow-up Report that according to the information received by Parliament’s Directorate-General for Infrastructure and Logistics, responsible for the management of the building rented by the EDPS, solar panels are installed on that building; asks the EDPS to inform the discharge authority to report on the share (%) of the solar-panel produced electricity in the EDPS’ total energy consumption needs per year; calls further on the EDPS to inform the discharge authority of any new developments regarding the EMAS certification process;

    51.  Notes that the EPDS has not assessed its carbon footprint in 2023; welcomes, however, that the EDPS continues to apply measures that reduce the carbon footprint by reducing the travel of journey to the office through teleworking possibilities, reimbursing 50 % of staff’s monthly/annual subscriptions for the use of public transport, encouraging the staff to favour videoconferencing and train travel for short distances, managing the cycle for invoices electronically and achieving an entirely paperless selection procedure and appraisal exercise as regards HR;

    52.  Urges the EDPS to adopt the EMAS to systematically monitor and improve its environmental footprint, particularly in terms of energy consumption, waste reduction, and sustainable office policies;

    53.  Notes that the EDPS addresses sustainability-related risks (such as environmental, social and governance risks) in a comprehensive way through an annual risk assessment exercise; welcomes in that context that the EDPS adopted its new risk management process in 2023, which should help the EDPS to target and better analyse those risks and consequently better calibrate mitigating actions;

    Interinstitutional cooperation

    54.  Welcomes the budgetary and administrative savings achieved by the EDPS through inter-institutional cooperation, particularly the conclusion of service-level agreements with Parliament for the rental of its premises and the use of IT system applications, hardware supplies and maintenance and with the Commission for HR and business administration processes, as well as through participation in large interinstitutional framework contracts in areas such as IT consultancy, interim services and office supplies; commends in addition the EDPS for maintaining a structured cooperation with the Ombudsman, the Agency for Fundamental Rights and CERT-EU through memorandums of understanding;

    55.  Notes that the EDPS participates in meetings of various interinstitutional bodies; welcomes in this context the participation of the EPDS in meetings of the Heads of Administration and the Interinstitutional Online Communication Committee, led by Parliament’s Directorate-General for Communication; acknowledges that interinstitutional cooperation with EDPS, in his supervisory role, is of key importance for the other Union institutions to enhance their level of compliance with the data protection legal framework;

    56.  Calls for closer cooperation between the EDPS, the Court of Auditors, OLAF, and the European Public Prosecutor’s Office (EPPO) to develop common protocols for fraud detection in digital data and financial transactions within EU institutions; stresses the need for joint audits on AI-based fraud risks;

    57.  Welcomes the pivotal role played by the EDPS in 2023 in the coordination of the Data Protection Authorities of the Member States (DPAs) to promote consistent data protection across the Union; notes that the EDPS joined 26 DPAs in a coordinated enforcement action on the role and tasks of data protection officers (DPOs), assessing their compliance with Regulation (EU) 2018/1725; notes the continued active involvement of the EPDS in the Coordinated Supervision Committee (CSC) within the area of FSJ addressing issues such as handling complaints against Europol and enhancing cooperation processes; appreciates furthermore all the other steps taken to improve cooperation between the EDPS and the DPAs such as the conduction of a joint Europol inspection with national authorities (Poland and Lithuania) and the participation in the coordinated supervisory action on processing minors’ data in Europol systems, the participation in an operational visit to the European Delegated Prosecutor’s office in Lisbon under a Working Arrangement with Portugal’s DPA and the coordination of an onsite inspection in Lesvos with Greece’s DPA to verify data collection practices during Joint Operations by Frontex; acknowledges that those interinstitutional engagements help the EDPS align with best practices of Union institutions and benefit from the exchange of information with peer departments;

    Communication

    58.  Notes that the budget for public communication and promotional activities in 2023 amounted to EUR 468 000, which represented an increase of 54 % compared to 2022;

    59.  Notes with satisfaction that the EDPS organised several communication events online as well as in person in 2023, aimed at raising awareness of EDPS’ role and mission among a wider public and the importance of respecting Union data protection rules, such as Data Protection Day, the EDPS Trainees’ conference (twice a year), the EDPS Seminar on the essence of the fundamental rights to privacy and data protection, and other international events;

    60.  Notes that the EDPS communicates online via its website and its social media accounts on X (ex-twitter) (29 400 followers), LinkedIn (71 000 followers), YouTube (2 900 followers), EU-Voice (5 900 followers) and EU-Video (750 followers);

    61.  Notes that the pilot project of the platforms EU Voice and EU Video (free and open-source social media networks, privacy-oriented and based on Mastodon and PeerTube software) continued in 2023; welcomes in that context the EDPS’ contribution to the Union’s strategy on data and digital sovereignty in order to promote the Union’s independence in the digital world and compliance with the data protection legal framework.

    (1) Order of the General Court of 6 September 2023, EDPS v Parliament and Council, T-578/22, ECLI:EU:T:2023:522.
    (2) Regulation (EU, Euratom) 2023/2841 of the European Parliament and of the Council of 13 December 2023 laying down measures for a high common level of cybersecurity at the institutions, bodies, offices and agencies of the Union (OJ L, 2023/2841, 18.12.2023, ELI: http://data.europa.eu/eli/reg/2023/2841/oj).

    MIL OSI Europe News –

    May 12, 2025
  • MIL-OSI: Astra Fintech Announces Establishment of Korea HQ, Strengthening Commitment to Solana Ecosystem and Regional Expansion

    Source: GlobeNewswire (MIL-OSI)

    Key Takeaways

    • Astra Fintech’s establishment of its Korea HQ reinforces its commitment to the region, following active participation in local blockchain events like Seoulana
    • The company plans to deepen its involvement in the Solana ecosystem, leveraging its speed and scalability to advance DeFi, payments, and Web3 solutions tailored to the Korean market.
    • Astra Fintech aims to invest in local partnerships, talent, and regulatory engagement, positioning itself as a key innovator in Korea’s fintech and blockchain landscape.

    SEOUL, South Korea, May 12, 2025 (GLOBE NEWSWIRE) — Astra Fintech, a leading Canadian Finfra firm, has officially announced the launch of its Korea Headquarters — an essential milestone in the company’s strategic expansion throughout Asia. This move reinforces Astra Fintech’s long-term commitment to the Korean market, which has already established a strong presence by actively engaging in local blockchain ecosystems. Notably, the company served as a key partner of Solana Korea earlier this quarter and picked up a handful of prominent projects, including Mulex Protocol, Depe, etc.

    A Strong Foundation in Korea
    Ahead of its Korea HQ launch, Astra Fintech actively demonstrated its dedication to the Korean blockchain community through high-impact engagements. As a prominent sponsor of Seoulana, a premier Solana-focused hackathon, the company reinforced its commitment to supporting the growth of the Solana ecosystem. At the event, Astra Fintech engaged with developers, investors, and blockchain enthusiasts, sharing its vision for PayFi—a next-generation financial solution built on high-performance blockchain infrastructure. The hackathon provided a strategic platform for the company to align its innovative roadmap with Solana’s mission to transform decentralized finance.

    Accelerating Growth on Solana
    With the new Korea HQ, Astra Fintech is poised to deepen its involvement in the Solana ecosystem, leveraging its speed, scalability, and low transaction costs to deliver cutting-edge financial solutions. The company plans to explore DeFi, payments, and Web3 application opportunities, collaborating with local partners to drive adoption and integration.

    “Korea is a critical hub for blockchain innovation, and our HQ launch reflects our commitment to this vibrant market,” said Jamie, Head of Partnership in Astra, “By aligning with Solana’s ecosystem and engaging with Korea’s world-class talent, we aim to pioneer next-generation fintech solutions that bridge traditional and decentralized finance.”

    Strategic Vision for Korea and Beyond
    Establishing the Korea HQ signals Astra Fintech’s ambition to expand its regional influence, with plans to invest in local talent, form strategic partnerships, and participate in Korea’s dynamic blockchain regulatory landscape. The company’s long-term roadmap includes:

    • Enhancing Solana-based infrastructure for Korean and global users.
    • Launching localized fintech products tailored to Korea’s tech-savvy population.
    • Strengthening community engagement through events, hackathons, and educational initiatives.

    As Astra Fintech solidifies its presence in Korea, the company remains focused on driving innovation at the intersection of finance and blockchain, positioning itself as a key player in Asia’s digital economy.

    About Astra Fintech
    Astra Fintech is a Canada-based blockchain finance leader revolutionizing FinFra by bridging traditional and decentralized payments. As a strategic Solana ecosystem partner backed by Multicoin LPs, we deliver secure, borderless PayFi solutions while driving innovation through investments in next-gen financial infrastructure.
    X: https://x.com/AstraFintech

    Contact:
    Connie
    contact@astra.holdings

    Disclaimer: This is a paid post and is provided by Astra Fintech. 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/3c5e19c1-d2e5-4d43-a54f-8eedb3667906

    The MIL Network –

    May 12, 2025
  • MIL-OSI China: Camping boom ignites outdoor industry growth across China

    Source: People’s Republic of China – State Council News

    On a crisp April morning, Pan Rongfeng, a middle school teacher in his 30s, pulled up to a verdant campsite at the foot of Daming Mountain, south China’s Guangxi Zhuang Autonomous Region, before unloading his dog and a panoply of camping gear from his car.

    It was a cherished holiday ritual for Pan as he took to the great outdoors to savor his time off.

    “Over the past two years, more and more people around me have started to turn to campsites for a little escape from urban life,” said Pan. “As long as the weather is agreeable, I love to gather outdoors to unwind.”

    In recent years, once a niche hobby, camping has broken into the mainstream across China, transforming the way people pursue quality time in their leisure.

    Data from Meituan, a leading life services provider, highlighted the trend. During this year’s Tomb-Sweeping Day, a traditional Chinese holiday where people are entitled to a block of days off, searches for “campgrounds” in Guangxi skyrocketed 50 percent over the same period of last year.

    The allure of such outdoor activity has not gone unnoticed on Chinese social media, with many camping-related posts amassing millions of views.

    On rednote, a Chinese lifestyle app and the country’s version of Instagram, the popularity of notes titled “camping tips” and “campsite recommendations” continued to rise before and during the five-day Labor Day holiday, while short-video platforms like Douyin have logged billions of plays for relevant content.

    At a riverside park in Nanning, weekend campers packed the vast grassy field, with latecomers like Huang Xiaqing, a Nanning local, struggling to find a big enough space to settle her family and friends.

    “If you arrive here half past nine on a weekend morning, it can be a huge hassle to find a spot to put up your tent,” said Huang. “That has almost always been the case since we began this holiday ritual one year ago.”

    Wei Wanqing, a sociology professor with East China Normal University in Shanghai, believes that the growing appeal of camping has extended far beyond the scope of social media influencers doing location check-ins and boosting their online traction by sharing outdoor lifestyle photos.

    “Families are increasingly embracing it as a way to bond and create shared memories,” said Wei.

    In recent years, camping, driven by the dual appeal of reconnecting with nature and fostering greater social connection, has gradually become a prominent element in China’s cultural and tourism landscape while giving rise to a burgeoning industry in the country.

    According to iiMedia Research, the growing appetite for camping generated about 213.97 billion yuan (about 29.69 billion U.S. dollars) in 2024, with projections of continued growth in 2025, as the booming sector has also helped catalyze the growth of related businesses.

    At a store specializing in outdoor gear in Nanning, Lyu Hongping, the shop owner, saw a 30 percent annual revenue spike over the past three years, fueled by various demands for camping and hiking equipment.

    “Camping has gone from a niche pastime for some to something that has attracted an increasing number of people from all walks of life,” said Lyu.

    The influx of campers has a ripple effect, bringing in revenues for the local economy through increased patronage of nearby restaurants, rental shops and tourist attractions, noted Hong Tao with the China Consumer Economics Society.

    “Some of the campsites serve as a one-stop shop that offers everything from essential outdoor gear to personalized travel arrangements,” said Hong.

    On Chinese e-commerce giant Taobao, a simple keyword search for “camping” would yield many relevant results, with many of the top sellers like waterproof mats, folding tables, and hammocks flying off the virtual shelves, some logging over 100,000 units sold in total and more than 1,000 daily purchases.

    A recent consultancy report suggested that there has been a trend toward adding more eye-popping and tech-laden equipment and products, such as foldable outdoor projection screens and in-vehicle fridges, among modern-day campers.

    Research highlights that the traditional style of “roughing it” with canvass tents and sleeping bags has given way to “glamping”, a new form of camping that involves more amenities and comforts, as camping has transformed from a budget-friendly alternative to traditional travel to a highly customized activity that caters to different outdoor pursuits.

    Xu Luyuan, a professor at Guangxi University of Finance and Economics, saw the rise of experience economy like camping as an indication of an exciting shift away from the “Daka” tourism, where tourists rush through cities and tick off as many attractions as possible within a limited timeframe, in favor of a form that focuses more on immersive experiences.

    “It meets the growing demand among Chinese consumers for more personalized, experiential leisure pursuits, and helps drive up domestic consumption and charges up the integration of culture into tourism,” said Xu.

    However, the surge in campers has put nature’s accommodating capacity to the test. Striking a balance between economic gains and environmental sustainability is a key challenge for the emerging sector to scale.

    In response to the concern regarding the environmental impact of the rapid expansion of the camping economy, local authorities across the country have taken proactive steps by introducing guidelines to promote responsible camping practices that prioritize environmental protection and safety.

    “Camping isn’t just a fad,” said Hong, who is convinced that with a focus on establishing a model that emphasizes differentiated services and supply-chain coordination, along with clear policy guidance, the sector can evolve beyond transient craze and become a lasting growth area for the country’s economy. 

    MIL OSI China News –

    May 12, 2025
  • MIL-OSI Africa: Invest in African Energy (IAE) 2025: Exploring Global Partnerships to Unlock Africa’s Energy Potential

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

    PARIS, France, May 12, 2025/APO Group/ —

    The Invest in African Energy (IAE) 2025 forum in Paris will host a high-level panel discussion on “The Future of Global Energy Partnerships: Seizing Africa’s Untapped Market Opportunities”, sponsored by Energean. Bringing together African energy ministers, CEOs and leading energy executives, the session will explore how shifting global dynamics are reshaping cross-border collaboration and investment strategies in Africa’s energy sector.

    The panel will be moderated by NJ Ayuk, Executive Chairman of the African Energy Chamber, and will feature: Bruno Jean-Richard Itoua, Minister of Hydrocarbons, Republic of Congo; Maggy Shino, Petroleum Commissioner, Minister of Mines and Energy, Namibia; Mathios Rigas, CEO, Energean; and Marco Villa, Chief Business Officer, Technip Energies.

    IAE 2025 (apo-opa.co/43pj29T) 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.

    ​​As international players from the Middle East and BRIC nations expand their global energy footprint, Africa is becoming an increasingly vital partner in advancing shared goals around energy security, industrial growth and sustainable development. Countries like the Republic of Congo, Gabon and Nigeria are at the center of this momentum, offering a diverse mix of upstream and midstream assets, growing domestic demand and a clear push for value-added investment in petrochemicals and infrastructure. This panel will examine how strategic partnerships – whether through equity participation, joint ventures or technical collaboration – are unlocking opportunities across Africa’s oil, gas, power and petrochemical sectors, while also helping to close investment and capacity gaps.

    The session will provide firsthand insights from the policymakers and executives driving these initiatives, highlighting how countries are positioning themselves to attract capital and what international players consider bankable, high-value opportunities. From gas monetization strategies in Nigeria to integrated development plans in Congo and downstream expansion in Gabon, the discussion will explore the key factors fueling global investment interest in Africa’s energy landscape.

    MIL OSI Africa –

    May 12, 2025
  • MIL-OSI: Roam Launches Business eSIM Data Program, Supporting Global Connectivity

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 12, 2025 (GLOBE NEWSWIRE) — Roam, a decentralized open wireless network, has rolled out its Business eSIM Data Program, launching with a key partnership with Bybit, a top-tier cryptocurrency exchange. This program, introduced after Roam’s successful debut on 12 major exchanges—including Bybit, Bitget, Gate.io, MEXC, and KuCoin—in March 2025, serves as a thank-you to the incredible support Roam received during its Token Generation Event (TGE). It delivers businesses fast, affordable, and seamless global internet access, wiping out costly roaming fees.

    A Breakthrough for Global Businesses

    The Business eSIM Data Program fuels Roam’s mission to build a decentralized global open wireless network. Crafted for businesses, it’s a game-changer for international travelers, remote workers, and global teams, especially in fast-moving sectors like Web3. Spanning over 180 countries, Roam’s enterprise-grade eSIM connects users to local networks instantly, providing reliable data without the hefty price tag of traditional roaming.

    Key benefits of the Roam Business eSIM include:

    • Global Reach, No Roaming Costs: Connects to local networks in over 180 countries, slashing roaming expenses by up to 80% compared to standard data plans.
    • Uninterrupted Remote Work: Offers seamless access to platforms like Google, Gmail, X, and Web3 exchanges, keeping teams productive anywhere.
    • Easy Setup: Works with any eSIM-compatible device and activates online—no physical SIM cards needed.
    • Smart Management: A user-friendly admin dashboard lets businesses track budgets and manage costs effortlessly, perfect for multinational and Web3 teams.

    How the Program Works

    The Program is exclusive to verified business users, starting with employees of Roam’s exchange partners like Bybit. Those with a corporate email can claim a one-time eSIM benefit, which offers:

    • No Expiration: Unused data rolls over to the next month.
    • Automatic Accumulation: Monthly data adds to the existing balance automatically.
    • Exclusive Access: The benefit is non-transferable and reserved for verified business users.

    Once the free data runs out, users can add more through the Roam App. Activation requires an eSIM-compatible device and basic details, like email and IMEI, submitted online.

    A Bold Step Toward a Connected World

    The Bybit partnership kicks off Roam’s global push for the Business eSIM Data Program. This open initiative invites companies to join, equipping them with tools to work without borders and thrive in a globalized economy. By offering a cost-effective, unified data solution, Roam is streamlining operations and paving the way for a decentralized wireless future.

    Businesses and professionals can dive into the Business eSIM Data Program at https://www.weroam.xyz/use/roam-business-esim-plan.

    About Roam

    Roam is a leader in decentralized connectivity, building a global wireless network that delivers seamless, secure, and cost-effective internet access through WiFi OpenRoaming and eSIM top-up services. By harnessing blockchain-based credentials, Roam enables small and medium-sized businesses to adopt WiFi OpenRoaming, creating a network of over 8 million hotspots across 200 countries. With 2.6 million app users, Roam is the world’s largest decentralized wireless network, empowering users to access free eSIM data while contributing to and validating WiFi nodes. As a trusted eSIM solution, Roam has powered seamless data connectivity for major Web3 events, including Consensus Hong Kong 2025, Hong Kong Web3 Festival 2025, and the R3AL WORLD Summit, cementing its role as a pioneer in the DePIN sector.

    For More Information, Please Visit:

    Contact:
    Nigel Nie
    info@weroam.xyz
    nigel@metablox.io
            

    Disclaimer: This is a paid post and is provided by Roam. 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/f42b1f9c-c39e-424f-a2c5-eeed99328457

    The MIL Network –

    May 12, 2025
  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 19

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 24 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    12 May 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 19

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 19:

      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 5,522,575 223.4918 1,234,250,217
    05 May 2025 50,000 241.2694 12,063,470
    06 May 2025 50,000 241.2547 12,062,735
    07 May 2025 50,000 242.6798 12,133,990
    08 May 2025 50,000 244.4514 12,222,570
    09 May 2025 50,000 245.5153 12,275,765
    Total accumulated over week 19 250,000 243.0341 60,758,530
    Total accumulated during the share buyback programme 5,772,575 224.3381 1,295,008,747

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.679% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    The MIL Network –

    May 12, 2025
  • MIL-OSI: Senior industry expert Felix Rose to join Optio Incentives to lead private equity solutions business

    Source: GlobeNewswire (MIL-OSI)

    BERLIN, May 12, 2025 (GLOBE NEWSWIRE) — We are excited to welcome Felix Rose to the Optio team as Head of Private Equity Solutions. Felix will lead our new private equity solution business and will be based in Frankfurt, Germany. The SaaS product will allow private equity clients and their portfolio companies to set-up and manage equity incentive programs on the Optio platform in an automated and efficient way. This marks one of Optio’s next key growth areas. It builds on the strong presence already established in the DACH region and Southern Europe, following a funding round backed by tech investor CCAP.

    Felix joins Optio with nearly 30 years of experience across European private and public markets. Throughout his career, including roles at Morgan Stanley Investment Banking, Cinven, and Jamieson Corporate Finance, as well as co-founding and co-managing MPTransaction, he has consistently been involved in public and private M&A transactions and over the last seventeen years he has supported CEOs and business founders in navigating through large and complex private equity transactions.

    “Felix brings an incredible depth of insight into how private equity firms operate and where they encounter friction in relation to their management equity programs,” says Christoffer Herheim, Co-founder and CEO of Optio. “His expertise in Management Equity Plans (MEPs) will be essential as we help firms transition away from manual processes and fragmented tools into fully digital workflows.” 

    In today’s market, private equity investors often rely on a patchwork of Word documents, Excel sheets, legal counsel, and large email threads to manage MEPs. This approach is not only resource-intensive, but it also creates risks around compliance, data privacy, and scalability – especially in cross-border deals involving dozens of participants.

    Optio for Private Equity offers a smarter path forward. The platform simplifies compliance workflows (including KYC), enables secure access and communication for all stakeholders, and includes digital signing functionality for efficient execution of legal MEP documentation. These efficiencies not only reduce costs, but they also make it possible to extend equity participation deeper into portfolio companies, aligning with broader ownership movements like the U.S.-based “Ownership Works” initiative.

    “What attracted me to Optio was more than just the product,” shares Felix. “It was the team’s drive, precision, and entrepreneurial energy. With the right technology, we can empower private equity firms and their portfolio companies to rethink how they design and manage equity incentives not just for the executive team, but for a much broader group of employees.” 

    Looking ahead, Felix envisions a shift across the industry: “I believe that within the next five to ten years every private equity management incentive program will run on a secure digital platform.”

    About Optio
    Established in 2018, Optio combines software and deep expertise to manage equity compensation plans for companies of all sizes. The company is trusted by over 500 businesses, with equity plans managed across 100 countries and 15 stock exchanges. Optio’s unique ability to support organizations at every stage—from early development to the public market—sets it apart from other providers. By simplifying the complexities of employee incentive programs, Optio helps companies stay compliant, manage equity, report costs accurately, and maximize the benefits of their plans.

    Learn more on www.optioincentives.com

    Optio Incentives AS
    Lørenveien 73, 0580 Oslo
    +47 986 19 877
    mt@optioincentives.no

    The MIL Network –

    May 12, 2025
  • MIL-OSI New Zealand: Local News – Stellar lineup of speakers for Porirua’s BizFest

    Source: Porirua City Council

    BizFest in Porirua will take place on 1 July – a day that aims to inspire, connect and share business knowledge.
    Run jointly by Te Rūnanga o Toa Rangatira and Porirua City Council, BizFest 2025: Kōpū i te pae – Light up the Horizon celebrates the courage of those who seek new business opportunities, the wisdom of those who navigate uncertain times, and the collective resilience and strength of our people.
    1 July will provide opportunities to engage in three key areas over the course of the day, with speakers, panel discussions and other kōrero:
    – What’s on the economic horizon for our region and city
    – How business leaders are navigating uncertain economic conditions
    – Seizing opportunities during times of change and the key ingredients for innovation and success.
    Key speakers include Animation Research Ltd’s Ben Taylor, Infometrics chief executive and principal economist Brad Olsen, and software engineer, director of Fibre Fale, Young New Zealander of the year and Porirua’s own Eteroa Lafaele. More will be announced soon.
    Te Rūnanga o Toa Rangatira Pou Ohanga Boyd Scirkovich will open BizFest with an overview of the first Economic Development and Investment Strategy for the Rūnanga.
    “We are excited to partner with the Council to bring BizFest to our whānau and community,” he says.
    “The event is an opportunity to shine a light on local businesses doing amazing things. We are surrounded by abundant potential here in Porirua and have unique talents within our diverse communities that thrive on the global stage. We hope Bizfest provides the opportunity for people to come together to support each other and explore new areas of collaboration.”
    Porirua Mayor Anita Baker, who has a background in business, says the event offers plenty to Porirua employers, business owners, aspiring entrepreneurs, new and established businesspeople, and anyone wanting to be inspired.
    “This will be an amazing day – what a fantastic opportunity for the business sector, which has experienced challenging times of late, to listen, share and connect,” she says.
    “Porirua is a place to do business and that’s highlighted by large and medium-sized businesses establishing themselves here recently, along with our small traders that keep our city humming. Our city is always moving forward and I’m excited about BizFest showing off what we have now, what’s coming, and the innovation we’re seeing.”
    For more information and to register, go to poriruacity.govt.nz/bizfest-2025

    MIL OSI New Zealand News –

    May 12, 2025
  • MIL-OSI Australia: Economic portfolio ministers

    Source: Australian Parliamentary Secretary to the Minister for Industry

    I’m grateful to the Prime Minister for the opportunity to continue to serve as Australia’s Treasurer.

    I’m especially pleased to lead a really high‑calibre economic team alongside the re‑appointed Finance Minister Katy Gallagher.

    I’m looking forward to working closely with Daniel Mulino as the new Assistant Treasurer and Minister for Financial Services.

    Anne Aly will be an outstanding new Minister for Small Business, International Development and Multicultural Affairs.

    Andrew Leigh will continue to do a terrific job in an expanded role as Minister for Productivity, Competition, Charities and Treasury.

    We’ve got a big agenda on housing and I’m very keen to work with Clare O’Neil as Minister for Housing, Homelessness and Cities to deliver it.

    These are outstanding colleagues with an abundance of talent, energy and intellectual horsepower.

    This will be a very strong and effective economic team.

    We’ve made welcome progress on the economy in our first term but there’s more work to do because people are under pressure and the global environment is uncertain.

    I look forward to working alongside Katy, Anne, Andrew, Clare and Daniel to roll out our tax cuts for every taxpayer, build more homes, make our economy more productive and provide the responsible economic leadership that’s been a defining feature of our Labor Government.

    MIL OSI News –

    May 12, 2025
  • MIL-OSI: Ophævelse af midlertidig forhøjelse af emissiontillæg og indløsningsfradrag i en række afdelinger i Investeringsforeningen Maj Invest

    Source: GlobeNewswire (MIL-OSI)

    I forlængelse af børsmeddelelsen den 9. april 2025 om midlertidig forhøjelse af emissionstillæg og indløsningsfradrag i en række afdelinger i Investeringsforeningen Maj Invest, har bestyrelsen besluttet, at der nu er faldet tilstrækkelig ro på markederne til, at emissionstillæggene og indløsningsfradragene i de berørte afdelinger pr. dags dato sænkes til de normale niveauer, som fremgår af tabellen nedenfor. 

    Afdelinger/Andelsklasser Emission Indløsning
    Danske Obligationer 0,05 0,10
    Globale Obligationer 0,10 0,15
    Globale Obligationer Akk. 0,10 0,15
    Grønne Obligationer 0,20 0,25
    High Income Obligationer 0,25 0,35
    Pension 0,15 0,20
    Big Picture 0,20 0,20

    Prospekterne, hvori de ovenstående emissionstillæg og indløsningsfradrag fremgår, er vedhæftet denne meddelelse og kan ligeledes tilgås via foreningens hjemmeside.

    For eventuelle spørgsmål kontakt Lise Bøgelund Jensen, direktør i foreningens investeringsforvaltningsselskab, på telefon 33 28 28 28.

    Med venlig hilsen 

    Investeringsforeningen Maj Invest

    Attachments

    The MIL Network –

    May 12, 2025
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