Category: Finance

  • MIL-OSI: Eightco announces Full-Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    • 2024 revenues of $39.6 million down from $67.6 million, driven by reduction in capital available for cell phone sales after repayment of the previously outstanding convertible note
    • 2024 Gross Profit of $6.0 million, down from $6.2mn

    Easton, PA, April 15, 2025 (GLOBE NEWSWIRE) — Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”), today announced financial results for the fiscal year ended December 31, 2024.

    Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, LLC (“Forever 8”), the Company’s largest subsidiary, said “We continue to improve all aspects of our cost structure and focus on our highest growth priorities to deliver long-term value to shareholders. In the first quarter of 2024, the Company announced the repayment of a highly dilutive debt security and repurchased and cancelled a significant amount of outstanding warrants. We believe we now have a much cleaner capital structure that will help support our future advancements.”

    2024 financial highlights

    2024 fiscal year end (December 31, 2024) compared to 2023 fiscal year end (December 31, 2022).

        2024     2023  
    Revenues, net   $ 39,621,272     $ 67,568,353  
    Cost of revenues     33,639,274       61,308,561  
    Gross profit     5,981,998       6,259,792  
                     
    Operating expenses:                
    Selling, general and administrative expenses     12,759,719       14,805,627  
    Restructuring and severance     1,414,838       2,133,982  
    Total operating expenses     14,174,557       16,939,609  
    Operating loss     (8,192,559 )     (10,679,817 )


    About Eightco Holdings, Inc.

    Eightco (NASDAQ: OCTO) is committed to growth of its subsidiary, Forever 8 Fund, LLC, an inventory capital and management platform for e-commerce sellers. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions. Through a combination of innovative strategies and focused execution, Eightco aims to create significant value and growth for its stockholders.

    For additional information, please visit www.8co.holdings and www.forever8.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: Eightco’s ability to maintain compliance with the Nasdaq’s continued listing requirements; unexpected costs, charges or expenses that reduce Eightco’s capital resources; Eightco’s inability to raise adequate capital to fund its business; and Eightco’s inability to innovate and attract users for Eightco’s products and services. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco’s actual results to differ from those contained in forward-looking statements, see Eightco’s filings with the SEC, including in its Annual Report on Form 10-K filed with the SEC on April 15, 2025. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.

    For further information, please contact:
    Investor Relations
    investors@8co.holdings

    The MIL Network

  • MIL-OSI: LPL Financial Announces Promotion of Five Executives to New Managing Director Roles

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, April 15, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA), today announced that five of its executives have been promoted into new Managing Director roles. Christa Carone, Gary Carrai, Brett Goodman, Scott Posner and Brent Simonich have been elevated from Executive Vice President positions and will become Managing Directors at the firm.

    These roles represent a new management level for the firm and demonstrate an acknowledgement of the broadening scope and impact of the firm’s leaders in a variety of functions. Current Managing Directors Althea Brown, Marc Cohen, Matthew Enyedi, Greg Gates and Aneri Jambusaria will become Group Managing Directors and will continue in their roles on LPL’s Management Committee alongside CEO Rich Steinmeier and President and CFO Matt Audette.

    “LPL is a firm that attracts the best talent in the industry. As the firm grows, the scope and impact of our executive management team grows along with it, offering an opportunity to empower more of our incredible leaders to guide the firm’s strategic direction and champion the culture we aspire to uphold” said LPL Financial CEO Rich Steinmeier. “Each of these exceptional leaders embodies our corporate values and has demonstrated influence across the firm and the broader industry in their respective areas of expertise. We are thrilled to elevate and expand the leadership of LPL in alignment with our vision to be the best firm in wealth management.”

    Promoted Executives

    Christa Carone, Managing Director, Chief Marketing and Communication Officer
    As Chief Marketing and Communication Officer for LPL, Christa Carone is responsible for leading the firm’s brand and growth marketing initiatives, digital content experiences, and communication strategies across all audiences. Prior to joining LPL, she held marketing leadership roles at a variety of companies including Fidelity Investments and Xerox.

    Gary Carrai, Managing Director, Chief Product Officer
    Gary Carrai leads LPL’s technology product teams. He is responsible for driving the design and delivery of the operating platform used by all advisor and institutional clients. Gary has held several leadership roles at LPL, including leading advisor business lines, and divisions within the wealth management solutions team.

    Brett Goodman, Managing Director, Corporate Development, Treasury, and Investor Relations
    Brett Goodman leads the firm’s M&A strategy and execution, serves as LPL’s treasurer, and oversees the firm’s engagement with shareholders. Prior to LPL, Brett served as a Managing Director at Morgan Stanley and Chief Development Officer at E*TRADE.

    Scott Posner, Managing Director, Business Development
    Scott Posner leads Business Development for LPL and is responsible for organic growth initiatives across the firm including advisor recruiting, institutional sales, external liquidity and succession, and business transitions. He has been instrumental in evolving the firm’s recruiting team and structure and for delivering extraordinary results. Prior to joining LPL, Scott was a partner in business services at IBM and held leadership roles at BNY Mellon.

    Brent Simonich, Managing Director, Chief Risk Officer, Head of Business Operations
    Brent Simonich leads LPL’s Risk, Compliance, Operations and Transformation teams and has a proven track record of establishing strong governance programs, delivering outcomes and creating scale. Prior to joining LPL, Brent served as executive vice president and chief risk officer at E*TRADE.

    Managing Directors were elevated following a robust formal evaluation process. Going forward, LPL will continue to review candidates for Managing Director roles as part of an annual development and advancement process.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

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

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

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

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

    Tracking #: 725567

    The MIL Network

  • MIL-OSI: Ostin Technology Group Announces Pricing of $5.0 million Registered Direct Offering

    Source: GlobeNewswire (MIL-OSI)

    Nanjing, China, April 15, 2025 (GLOBE NEWSWIRE) — Ostin Technology Group Co., Ltd. (“the Company”) (Nasdaq: OST), a leading supplier of display modules and polarizers based in China, today announced that it has entered into a securities purchase agreement with several investors for the purchase and sale of (i) 9,090,908 Class A ordinary shares (the “Class A Ordinary Shares”), par value $0.001 per share, of the Company; and (ii) Class A Ordinary Share purchase warrants to purchase up to 90,909,080 Class A Ordinary Shares (the “Warrants”); and (iii) up to 90,909,080 Class A Ordinary Shares issuable upon exercise of the Warrants. Each Class A Ordinary Share is being sold together with two associated Warrants, each to purchase one Class A Ordinary Share at a combined offering price of $0.55 per Class A Ordinary Share and associated Warrants.

    The Warrants have an exercise price of $0.8 per Class A Ordinary Share, which will be immediately exercisable after issuance, and will expire two years from the date of issuance. The Warrants may be exercised on an alternative basis after one-month anniversary after the issuance pursuant to which the holder may exercise the Warrant for 0.9 times the number of Class A Ordinary Shares they would receive upon a standard exercise.

    Aggregate gross proceeds to the Company in respect of the offering (assuming no exercise of the Warrants) is expected to be approximately $5.0 million, before deducting other offering expenses payable by the Company. The offering was closed on April 15, 2025.

    The Class A Ordinary Shares, the Warrants and the Class A Ordinary Shares underlying the Warrants to be issued in the offering were issued pursuant to a shelf registration statement on Form F-3 (File No. 333-279177), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 28, 2024. The offering will be made only by means of a prospectus supplement that forms part of such registration statement. A prospectus supplement relating to the securities offered in the registered direct offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov.

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

    About Ostin Technology Group Co., Ltd.

    Founded in 2010, the Company is a supplier of display modules and polarizers in China. The Company designs, develops, and manufactures TFT-LCD display modules in a wide range of sizes and customized sizes which are mainly used in consumer electronics, outdoor LCD displays, and automotive displays. The Company also manufactures polarizers used in the TFT-LCD display modules.

    For more information, please visit http://ostin-technology.com/index.html

    Forward-Looking Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, underlying assumptions, and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s forecast on market trends; the Company’s future business development; the demand for and market acceptance for new products; expectation to receive customer orders for new products; the anticipated timing for the marketing and sales of new products; changes in technology; the Company’s ability to attract and retain skilled professionals; client concentration; and general economic conditions affecting the Company’s industry and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Ostin Technology Group Co., Ltd.
    ir@austinelec.com

    Investor Relations:

    Janice Wang
    Wealth Financial Services LLC
    Phone: +86 13811768599 +1 628 283 9214
    Email: services@wealthfsllc.com

    The MIL Network

  • MIL-OSI: Montauk Renewables, Inc. Announces Share Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    PITTSBURGH, April 15, 2025 (GLOBE NEWSWIRE) — Montauk Renewables, Inc. (NASDAQ: MNTK) (“Montauk” or the “Company”), announced today that the Company’s Board of Directors has authorized a share repurchase program to repurchase up to $5,000,000 of the Company’s issued and outstanding common stock, effective immediately with no date for termination.

    Repurchases under the program may be made through open market transactions, privately negotiated transactions or otherwise in accordance with applicable federal securities laws. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by a Repurchase Committee, comprised of Board members and management.

    The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any number of shares and there is no assurance that purchases will take place under the program.

    About Montauk Renewables, Inc.

    Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the management, recovery and conversion of biogas into RNG. The Company captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid (“Renewable Electricity”). The Company, headquartered in Pittsburgh, Pennsylvania, has more than 30 years of experience in the development, operation and management of landfill methane-fueled renewable energy projects. The Company has operations at 13 projects and ongoing development projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, South Carolina, and Texas. The Company sells RNG and Renewable Electricity, taking advantage of Environmental Attribute premiums available under federal and state policies that incentivize their use. For more information, visit https://ir.montaukrenewables.com.

    Company Contact:

    John Ciroli
    Chief Legal Officer (CLO) & Secretary
    investors@montaukrenewables.com
    (412) 747-8700

    Investor Relations Contact:

    Georg Venturatos
    Gateway Group
    MNTK@Gateway-grp.com
    (949) 574-3860

    Forward Looking Statement

    This press release contains forward-looking statements including, among other things, statements regarding share repurchases. Any forward-looking statements contained in this press release represent our estimates, expectations or intentions only as of the date hereof, and should not be relied upon as representing our views as of any subsequent date. These statements involve a number of risks, assumptions and uncertainties. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, expectations of the economic environment, material adverse changes in economic conditions, alternative uses of capital, and the other risks contained in our other public disclosures discussing our business and financial condition and results. As a result, we caution against placing undue reliance on any forward-looking statement. For information on potential risks and uncertainties that could cause actual results to differ, please see the “Risks Factors” section of our annual report on Form 10-K for the year ended December 31, 2024 and subsequent quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.

    The MIL Network

  • MIL-OSI Security: Hit and Run Fugitive Apprehended After 78-Year-Old Woman Killed

    Source: US Marshals Service

    Philadelphia, PA – Members of the U.S. Marshals Eastern Pennsylvania Violent Crimes Fugitive Task Force arrested in Philadelphia today a man wanted by the Philadelphia Police Department on charges of homicide by vehicle in relation to a deadly hit and run on Dec. 28, 2022, in the 3700 block of Fairmount Ave in Philadelphia.

    Jovan Lowe, 21, was taken into custody at a residence in the 4600 block of Hawthorne Street where Marshals Service investigators learned Lowe was presently hiding. Investigators from the fugitive task force apprehended Lowe after Lowe attempted to jump out a second story window but was quickly forced back into the home.   

    “Our persistence in pursuing those who commit such senseless crimes is never diminished by time, and hope Jovan Lowe’s arrest will bring some closure to Julia Abraham’s family,” said Eric Gartner, United States Marshal for the Eastern District of Pennsylvania.

    The Eastern Pennsylvania Violent Crimes Fugitive Task Force is a team of law enforcement officers led by U.S. Marshals in Philadelphia and the surrounding counties. The task force’s objective is to seek out and arrest violent crime fugitives. Membership agencies include the Philadelphia Police Department, Pennsylvania State Parole Officers, Pennsylvania State Police, Pennsylvania Attorney General Agents, Immigration Customs Enforcement, Chester Police Department, Bucks County Sheriffs, and Delaware County Sheriffs.

    MIL Security OSI

  • MIL-OSI: Diginex Limited and AIKYA Announce Strategic Alliance to Launch diginexESG in Malaysia, Advancing ESG Reporting and Sustainable Finance

    Source: GlobeNewswire (MIL-OSI)

    LONDON, April 15, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex”) (NASDAQ: DGNX), a leading impact technology company specializing in environmental, social, and governance (“ESG”) solutions, today announced a strategic alliance with AIKYA, a leading AI & big data technology company with around 2.5 million users, to launch its award-winning ESG reporting platform, diginexESG, in Malaysia that was signed on March 18, 2025 with upfront license fee tranche due to Diginex completed today. This collaboration aims to empower Malaysian businesses to enhance ESG transparency, streamline compliance, and drive sustainable finance initiatives in alignment with Malaysia’s sustainability goals.

    The alliance combines Diginex’s cutting-edge technology, including blockchain and AI-driven data analytics, with AIKYA’s deep expertise in technology deployment. Together, they will deliver diginexESG to Malaysian companies of all sizes, enabling them to meet global ESG standards, such as the Global Reporting Initiative or “GRI”, the Sustainability Accounting Standards Board or “SASB”, and the Taskforce on Climate-related Financial Disclosure or “TCFD,” while addressing local frameworks like Bursa Malaysia’s Sustainability Reporting Guidelines. The platform offers intuitive tools for data collection, materiality assessments, and report generation, helping businesses unlock the commercial benefits of sustainability.

    “This strategic relationship with AIKYA marks a significant milestone in expanding our presence in Southeast Asia,” said Mark Blick, CEO of Diginex. “Malaysia is a dynamic market with a strong commitment to sustainable development. By combining diginexESG with AIKYA’s product expertise, we aim to empower businesses to lead in ESG reporting and access sustainable finance opportunities, contributing to Malaysia’s Vision 2030 and net-zero ambitions.”

    AIKYA, known for its expertise in large financial inclusion projects with major government organisations, sees the alliance as a transformative step for Malaysian enterprises. “Our collaboration with Diginex brings world-class ESG technology to Malaysia, enabling companies to navigate complex reporting requirements and attract ESG-focused investments,” said Ramesh CR, Director of AIKYA. “We will support businesses from our Malayia operations in integrating sustainability into their core strategies, fostering resilience and long-term growth.”

    The launch of diginexESG in Malaysia comes at a pivotal time, as sustainable finance grows rapidly, with Malaysia’s green bond and sukuk market gaining traction. The platform’s ESG Ratings Support Service will help companies secure scores from agencies like CDP and Sustainalytics, enhancing their appeal to global investors. This initiative aligns with Malaysia’s leadership in ASEAN’s sustainable finance ecosystem, where green bonds issuance reached USD 4.8 billion in 2023, see ASEAN Sustainable Finance Report.

    About Diginex Limited

    Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. 

    The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

    For more information, please visit the Company’s website: https://www.diginex.com/.

    About AIKYA

    AIKYA Business Solution Private Limited (AIKYA) is a dynamic and innovative company headquartered in Bangalore, India, with operations in Malaysia. Specializing in providing comprehensive business solutions, AIKYA leverages cutting-edge technology and deep industry expertise to empower organizations across various sectors. With a focus on streamlining operations and enhancing productivity, AIKYA offers a wide range of services, including digital transformation, software development, and consulting.

    AIKYA’s mission is to foster growth and efficiency for its clients by delivering tailored solutions that meet their unique requirements. AIKYA is committed to building long-term partnerships with customers, ensuring they achieve their strategic objectives through effective and sustainable business practices. With a team of skilled professionals dedicated to excellence, AIKYA stands out as a trusted partner in navigating the complexities of the modern business landscape.

    For more information about their services and approach, you can visit their website at (https://aikya.net).

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

    For investor and media inquiries, please contact:

    Diginex
    Investor Relations
    Email: ir@diginex.com  

    IR Contact – Europe
    Anna Höffken
    Phone: +49.40.609186.0
    Email: diginex@kirchhoff.de

    IR Contact – US
    Jackson Lin
    Lambert by LLYC
    Phone: +1 (646) 717-4593
    Email: jian.lin@llyc.global  

    IR Contact – Asia
    Shelly Cheng
    Strategic Public Relations Group Ltd.
    Phone: +852 2864 4857
    Email: sprg_diginex@sprg.com.hk

    AIKYA Contact
    Ramesh CR
    Email: Ramesh.cr@aikya.net

    The MIL Network

  • MIL-OSI: Mercury Systems to Report Third Quarter Fiscal Year 2025 Financial Results on May 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., April 15, 2025 (GLOBE NEWSWIRE) — Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, will release its third quarter fiscal year 2025 financial results after the market close on Tuesday, May 6, 2025.

    Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury’s quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company’s view on earnings forecasts, and other business and financial matters affecting the Company, the responses to which may contain information that has not been previously disclosed.

    To attend the conference call or webcast, participants should register online at ir.mrcy.com/events-presentations. Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call. A replay of the webcast will be available two hours after the call and archived on the same web page for six months.

    Mercury Systems – Innovation that matters®
    Mercury Systems is a technology company that delivers mission-critical processing power to the edge, making advanced technologies profoundly more accessible for today’s most challenging aerospace and defense missions. The Mercury Processing Platform allows customers to tap into innovative capabilities from silicon to system scale, turning data into decisions on timelines that matter. Mercury’s products and solutions are deployed in more than 300 programs and across 35 countries, enabling a broad range of applications in mission computing, sensor processing, command and control, and communications. Mercury is headquartered in Andover, Massachusetts, and has 23 locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)

    CONTACT
    Tyler Hojo
    Vice President, Investor Relations
    Tyler.Hojo@mrcy.com

    The MIL Network

  • MIL-OSI: LanzaTech Announces Fourth-Quarter and Full-Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 15, 2025 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), a carbon management solutions company, today filed its annual report for the fiscal year ended December 31, 2024 (the “Form 10-K”).

    Key Takeaways:

    • Reported total revenue of $12.0 million for fourth-quarter 2024 as compared to $20.5 million for fourth-quarter 2023. The decrease was driven primarily by fourth-quarter 2023 benefiting from engineering services performed across several projects which were subsequently completed. Fourth-quarter 2024 revenue was within the forecasted range of potential outcomes previously provided, albeit at the low end of the range due to continued timing delays with several large biorefining projects that remain underway.
    • Reported revenue of $49.6 million for full-year 2024 as compared to $62.6 million for full-year 2023. The year-over-year decrease was primarily driven by 2023 results benefiting from projects that have since reached the completion of their current development phase, coupled with timing delays related to several large biorefining projects experienced throughout 2024.
    • Shifting the Company’s core operational focus from research and development to global deployment LanzaTech’s commercially proven technology is underway, with actions being taken to sharpen the business focus and improve the Company’s cost structure.
    • Evaluating liquidity enhancing initiatives, including capital raising, partnership or asset-related opportunities, and other strategic options. Management has concluded that these initiatives and cost reduction plans do not alleviate substantial doubt about the Company’s ability to continue as a going concern, per applicable GAAP requirements.

    Fourth-Quarter and Full-Year 2024 Financial Results

    The table below outlines key reported fourth-quarter and full-year 2024 results ($ millions, unless noted):

      Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Revenue $ 12.0     $ 20.5     $ 49.6     $ 62.6  
    Cost of revenue   5.6       12.0       26.0       45.0  
    Gross Profit   6.5       8.5       23.6       17.7  
    Operating expenses   33.5       27.1       132.6       124.0  
    Net loss   (27.0 )     (18.7 )     (137.7 )     (134.1 )
    Adjusted EBITDA loss (1) $ (21.2 )   $ (19.6 )   $ (88.2 )   $ (80.1 )

    (1)   See “Non-GAAP Financial Measures” and “Reconciliations of GAAP Net Loss to Adjusted EBITDA” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

    Revenue

    • Reported total revenue of $12.0 million and $49.6 million for fourth-quarter and full-year 2024, respectively, as compared to total revenue of $20.5 million and $62.6 million for fourth-quarter and full-year 2023, respectively. The decrease during both periods was driven primarily by 2023 results benefiting from engineering and other services contracts with existing customers and government entities whose projects have since reached completion of their current development phase. Additionally, several large projects experienced timing delays during 2024, which impacted their transferring to the phase where revenue is recognized. Fourth-quarter 2024 revenues were within the forecasted range of potential outcomes previously provided, albeit at the low end of the range due to the aforementioned project delays. Two key projects that did not transfer to a third party, the phase in which revenues are recognized for these projects, were Project Drake in the European Union, and LanzaTech’s site under development in Norway. In addition, LanzaTech continues to expect additional LanzaJet shares to be issued with sublicensing events of LanzaJet’s alcohol-to-jet technology. These projects remain underway during 2025. Fourth-quarter 2024 results include revenue attributable to Project SECURE, which, in December of 2024, was awarded Department of Energy funding for the initiation of phase one of the project. Project SECURE is led by Technip Energies, in partnership with LanzaTech.
    • Joint Development Agreement (“JDA”) & Contract Research revenue for fourth-quarter and full-year 2024 was $1.7 million and $10.6 million, respectively, as compared to $4.2 million and $14.6 million for fourth-quarter and full-year 2023, respectively. The year-over-year decline in both cases was attributable to certain government projects being completed, compounded by a period of downtime prior to new projects commencing, primarily during the second half of 2024.
    • CarbonSmart™ revenue for fourth-quarter and full-year 2024 was $3.9 million and $7.9 million, respectively, as compared to $2.1 million and $5.3 million for fourth-quarter and full-year 2023, respectively. Fourth-quarter 2024 revenues increased by 88 percent as compared to fourth-quarter 2023 due to incremental direct fuel sales as a result of establishing licensing arrangements, partners, and supply chain infrastructure during third-quarter 2024.

    Cost of Revenue

    • Fourth-quarter and full-year 2024 cost of revenue was $5.6 million and $26.0 million, respectively, as compared to $12.0 million and $45.0 million for fourth-quarter and full-year 2023, respectively. Cost of revenue for fourth-quarter 2024 was largely comprised of the cost of the CarbonSmart product sold and headcount allocations related to the delivery of biorefining services and JDA work. Gross margin for fourth-quarter 2024 was 54 percent largely as a function of revenue mix, including additional lower-margin CarbonSmart sales.

    Operating Expenses

    • Fourth-quarter and full-year 2024 operating expenses were $33.5 million and $132.6 million, respectively, as compared to $27.1 million and $124.0 million for fourth-quarter and full-year 2023. The increase year-over-year was driven primarily by project-related expenses, like those incurred for Project Drake and LanzaTech’s project in Norway, that are expected to be recovered once the projects advance to Final Investment Decision (“FID”).

    Net Loss

    • Fourth-quarter and full-year 2024 net losses were $27.0 million and $137.7 million, respectively, as compared to fourth-quarter and full-year 2023 net losses of $18.7 million and $134.1 million, respectively. The increase was attributable to a non-cash expense on financial instruments, as well as the same factors that drove the reduction in revenue as compared to prior periods.

    Adjusted EBITDA Loss

    • Fourth-quarter and full-year 2024 adjusted EBITDA losses were $21.2 million and $88.2 million, respectively, as compared to adjusted EBITDA losses of $19.6 million and $80.1 million for fourth-quarter and full-year 2023, respectively. The increases in losses year-over-year are mainly attributable to the same factors that drove the reduction in revenue for the comparative periods.

    Balance Sheet and Liquidity

    As of December 31, 2024, LanzaTech had $58.1 million in total cash, restricted cash, and investments, compared to total cash of $89.1 million at the end of third-quarter 2024.

    About LanzaTech

    LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. For more information about LanzaTech, please visit https://lanzatech.com.

    Forward Looking Statements

    This press release includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs and assumptions of LanzaTech’s management. Although LanzaTech believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. The forward-looking statements are based on projections prepared by, and are the responsibility of, LanzaTech’s management. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements, including the Company’s ability to continue to operate as a going concern. LanzaTech may be adversely affected by other economic, business, or competitive factors, and other risks and uncertainties, including those described under the header “Risk Factors” in its Form 10-K and in future SEC filings. New risk factors that may affect actual results or outcomes emerge from time to time and it is not possible to predict all such risk factors, nor can LanzaTech assess the impact of all such risk factors on its 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. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements attributable to LanzaTech or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Non-GAAP Financial Measures

    To supplement our financial statements presented in accordance with US GAAP and to provide investors with additional information regarding our financial results, we have presented adjusted EBITDA, a non-GAAP financial measure. Adjusted EBITDA is not based on any standardized methodology prescribed by US GAAP and is not necessarily comparable to similarly titled measures presented by other companies.

    We define adjusted EBITDA as our net loss, excluding the impact of depreciation, interest income, net, stock-based compensation, change in fair value of warrant liabilities, change in fair value of SAFE liabilities, change in fair value of the FPA Put Option liability and Fixed Maturity Consideration, change in fair value of our outstanding convertible note, transaction costs on issuance of Forward Purchase Agreement, (loss) gain from equity method investees and other one-time costs related to the Business Combination and securities registration on Form S-4 and our registration statement on Form S-1. We monitor adjusted EBITDA because it is a key measure used by our management and Board of Directors to understand and evaluate our operating performance, to establish budgets, and to develop operational goals for managing our business. We believe adjusted EBITDA helps identify underlying trends in our business that could otherwise be masked by the effect of certain expenses that we include in net loss. Accordingly, we believe adjusted EBITDA provides useful information to investors, analysts, and others in understanding and evaluating our operating results and enhancing the overall understanding of our past performance and future prospects.

    Adjusted EBITDA is not prepared in accordance with US GAAP and should not be considered in isolation of, or as an alternative to, measures prepared in accordance with US GAAP. There are a number of limitations related to the use of adjusted EBITDA rather than net loss, which is the most directly comparable financial measure calculated and presented in accordance with US GAAP. For example, adjusted EBITDA: (i) excludes stock-based compensation expense because it is a significant non-cash expense that is not directly related to our operating performance; (ii) excludes depreciation expense and, although this is a non-cash expense, the assets being depreciated and amortized may have to be replaced in the future; (iii) excludes gain or losses on equity method investee; and (iv) excludes certain income or expense items that do not provide a comparable measure of our business performance. In addition, the expenses and other items that we exclude in our calculations of adjusted EBITDA may differ from the expenses and other items, if any, that other companies may exclude from adjusted EBITDA when they report their operating results. In addition, other companies may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison.

    LANZATECH GLOBAL INC.
    CONSOLIDATED BALANCE SHEETS
    (In thousands, except share and per share data)
      December 31,
        2024       2023  
    Assets      
    Current assets:      
    Cash and cash equivalents         $         43,499     $         75,585  
    Held-to-maturity investment securities                   12,374               45,159  
    Trade and other receivables, net of allowance                   9,456               11,157  
    Contract assets                   18,975               28,238  
    Other current assets                   15,030               12,561  
    Total current assets                   99,334               172,700  
    Property, plant and equipment, net                   22,333               22,823  
    Right-of-use assets                   26,790               18,309  
    Equity method investment                   4,363               7,066  
    Equity security investment                   14,990               14,990  
    Other non-current assets                   6,873               5,736  
    Total assets         $         174,683     $         241,624  
    Liabilities and Shareholders’ Equity      
    Current liabilities:      
    Accounts payable         $         5,289     $         4,060  
    Other accrued liabilities                   8,876               7,316  
    Warrants                   3,531               7,614  
    Fixed Maturity Consideration and current FPA Put Option liability                   4,123               —  
    Contract liabilities                   6,168               3,198  
    Accrued salaries and wages                   2,302               5,468  
    Current lease liabilities                   158               126  
    Total current liabilities                   30,447               27,782  
    Non-current lease liabilities                   30,619               19,816  
    Non-current contract liabilities                   5,233               8,233  
    Fixed Maturity Consideration                   —               7,228  
    FPA Put Option liability                   30,015               37,523  
    Brookfield SAFE liability                   13,223               25,150  
    Convertible Note                   51,112               —  
    Other long-term liabilities                   587               1,421  
    Total liabilities                   161,236               127,153  
           
    Shareholders’ Equity      
    Common stock, $0.0001 par value, 600,000,000 and 400,000,000 shares authorized; 194,915,711 and 196,642,451 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively                   19               19  
    Additional paid-in capital                   981,638               943,960  
    Accumulated other comprehensive income                   1,393               2,364  
    Accumulated deficit                   (969,603 )             (831,872 )
    Total shareholders’ equity         $         13,447     $         114,471  
    Total liabilities and shareholders’ equity         $         174,683     $         241,624  
    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (In thousands, except share and per share data)
      Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Revenues:              
    Contracts with customers and grants $ 5,311     $ 13,834     $ 22,995     $ 45,953  
    CarbonSmart product sales   3,933       2,072       7,943       5,337  
    Collaborative arrangements   1,104       2,413       5,573       5,529  
    Related party transactions   1,682       2,144       13,081       5,812  
    Total revenues   12,030       20,463       49,592       62,631  
    Costs and operating expenses:              
    Contracts with customers and grants(1)   985       8,818       15,341       37,653  
    CarbonSmart product sales(1)   3,894       2,390       7,543       4,889  
    Collaborative arrangements(1)   532       761       2,566       2,265  
    Related party transactions(1)   157       22       520       172  
    Research and development expense   16,459       16,303       77,007       68,142  
    Depreciation expense   1,278       1,471       5,567       5,452  
    Selling, general and administrative expense   15,745       9,343       49,981       50,438  
    Total cost and operating expenses   39,050       39,108       158,525       169,011  
    Loss from operations   (27,020 )     (18,645 )     (108,933 )     (106,380 )
    Other income (expense):              
    Interest income, net   710       1,408       3,162       4,572  
    Other expense, net   5,616       524       (17,726 )     (29,388 )
    Total other expense, net   6,326       1,932       (14,564 )     (24,816 )
    Loss before income taxes   (20,694 )     (16,713 )     (123,497 )     (131,196 )
    Income tax expense                      
    Loss from equity method investees, net   (6,299 )     (1,961 )     (14,234 )     (2,902 )
    Net loss $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (134,098 )
                   
    Other comprehensive loss:              
    Changes in credit risk of fair value instruments   (1,096 )           (1,096 )      
    Foreign currency translation adjustments   322       578       124       (376 )
    Comprehensive loss $ (27,767 )   $ (18,096 )   $ (138,703 )   $ (134,474 )
                   
    Unpaid cumulative dividends on preferred stock                     (4,117 )
    Net loss allocated to common shareholders $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (138,215 )
                   
    Net loss per common share – basic and diluted $ (0.14 )   $ (0.10 )   $ (0.70 )   $ (0.79 )
    Weighted-average number of common shares outstanding – basic and diluted   197,789,128       196,227,601       197,579,945       176,023,219  

    (1) exclusive of depreciation

    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
      Years Ended December 31,
        2024       2023  
    Cash Flows From Operating Activities:      
    Net loss $ (137,731 )   $ (134,098 )
    Adjustments to reconcile net loss to net cash used in operating activities:      
    Share-based compensation expense   13,208       15,199  
    Gain on change in fair value of SAFE and warrant liabilities   (17,887 )     (14,471 )
    Loss on change in fair value of the FPA Put Option and the Fixed Maturity Consideration liabilities   23,510       44,300  
    Loss on change in fair value of Convertible Note   11,894        
    Provisions for losses on trade and other receivables, net of recoveries   961       700  
    Depreciation of property, plant and equipment   5,592       5,452  
    Amortization of discount on debt security investment   (854 )     (1,301 )
    Non-cash lease expense   1,713       1,526  
    Non-cash recognition of licensing revenue   (11,532 )     (1,805 )
    Loss from equity method investees, net   14,234       2,902  
    Gain from disposal of PPE   (25 )      
    Unrealized (Gain)/loss on net foreign exchange   (284 )     182  
    Changes in operating assets and liabilities:      
    Accounts receivable, net   557       104  
    Contract assets   9,162       (10,049 )
    Accrued interest on debt investment   183       (266 )
    Other assets   (2,066 )     (2,658 )
    Accounts payable and accrued salaries and wages   (1,790 )     (4,991 )
    Contract liabilities   311       95  
    Operating lease liabilities   641       (337 )
    Other liabilities   1,143       2,220  
    Net cash used in operating activities   (89,060 )     (97,296 )
    Cash Flows From Investing Activities:      
    Purchase of property, plant and equipment   (5,312 )     (8,553 )
    Proceeds from disposal of property, plant and equipment   25        
    Purchase of debt securities   (27,083 )     (93,858 )
    Proceeds from maturity of debt securities   60,722       50,000  
    Purchase of additional interest in equity method investment         (288 )
    Origination of related party loan         (5,212 )
    Net cash provided by/(used in) investing activities   28,352       (57,911 )
    Cash Flows From Financing Activities:      
    Proceeds from the Business Combination and PIPE, net of transaction expenses (Note 3)         213,381  
    FPA prepayment         (60,096 )
    Proceeds from exercise of options   300       2,550  
    Repurchase of equity instruments of the Company   (48 )     (7,650 )
    Settlement of FPA   (10,039 )      
    Proceeds from issuance of Convertible Note, net   40,000        
    Net cash provided by financing activities   30,213       148,185  
    Effects of currency translation on cash, cash equivalents and restricted cash   (52 )     (404 )
    Net decrease in cash, cash equivalents and restricted cash   (30,547 )     (7,426 )
    Cash, cash equivalents and restricted cash at beginning of period   76,284       83,710  
    Cash, cash equivalents and restricted cash at end of period $ 45,737     $ 76,284  
           
    Supplemental disclosure of non-cash investing and financing activities:      
    Acquisition of property, plant and equipment under accounts payable $ 132     $ 279  
    Right-of-use asset additions   10,194       12,866  
    Non-cash partial reversal of FPA upon settlement   24,084        
    Third-party issuance costs for the Convertible Note   3,169        
    Reclassification of capitalized costs related to the business combination to equity         1,514  
    Cashless conversion of warrants on preferred shares         5,890  
    Recognition of public and private warrant liabilities in the Business Combination         4,624  
    Reclassification of AM SAFE warrant to equity         1,800  
    Conversion of AM SAFE liability into common stock         29,730  
    Conversion of Legacy LanzaTech NZ, Inc. preferred stock and in-kind dividend into common stock         722,160  
    Reclassification of FPA Warrants to equity $     $ 3,063  
                                       
    Reconciliation of GAAP Net Loss to Adjusted EBITDA
    (In thousands)
    Unaudited
        Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Net Loss $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (134,098 )
    Depreciation   1,278       (1,471 )     5,567       5,452  
    Interest income, net   (710 )     (1,408 )     (3,162 )     (4,572 )
    Stock-based compensation expense and change in fair value of SAFE and warrant liabilities (1)   6,191             (4,679 )     728  
    Change in fair value of the FPA Put Option and Fixed Maturity Consideration liabilities (net of interest accretion reversal)               23,283       44,300  
    Change in fair value of Convertible Note and related transaction costs   (7,296 )           14,276        
    Transaction costs on issuance of FPA                     451  
    Loss from equity method investees, net   6,299       1,961       14,234       2,902  
    One-time costs related to the Business Combination, initial securities registration and non-recurring regulatory matters(2)                     4,693  
    Adjusted EBITDA $ (21,231 )   $ (19,592 )   $ (88,212 )   $ (80,144 )
                     
    (1 ) Stock-based compensation expense represents expense related to equity compensation plans.
                     
    (2 ) Represents costs incurred related to the Business Combination that do not meet the direct and incremental criteria per SEC Staff Accounting Bulletin Topic 5.A to be charged against the gross proceeds of the transaction, but are not expected to recur in the future, as well as costs incurred subsequent to deal close related to our securities registration on Form S-4 and our registration statement on Form S-1. Regulatory matters includes fees related to non-recurring items during the year ended December 31, 2023.


    Investor Relations Contact

    Kate Walsh

    VP, Investor Relations & Tax

    Investor.Relations@lanzatech.com

    The MIL Network

  • MIL-OSI: Kling AI Advances to the 2.0 Era, Empowering Everyone to Tell Great Stories with AI

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, April 15, 2025 (GLOBE NEWSWIRE) — Kuaishou Technology (“Kuaishou” or the “Company”; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, announced that Kling AI hosted the “From Vision to Screen” launch event for its Kling AI 2.0 Model in Beijing. The event marked a new round of upgrades to Kling’s foundation models, highlighted by the official global debut of Kling AI 2.0 Video Generation Model and Kling AI 2.0 Image Generation Model.

    As the world’s first user-accessible DiT video generation model, in the 10 months since its initial launch in June of last year, its global user base has surpassed 22 million. On March 27, Artificial Analysis, a globally renowned AI benchmarking organization, released the latest global rankings for video generation large models. Kuaishou Kling 1.6 Pro (high-quality mode) topped the Image to Video category with an Arena ELO benchmark score of 1,000, while Google Veo 2 and Pika Art ranked second and third, respectively.

    Since its launch in June of last year, Kling AI has undergone over 20 iterations focused on enhancing the fundamental quality of its models, improving image clarity, and introducing more innovative features to meet diverse user needs. Mr. Gai Kun, Senior Vice President of Kuaishou Technology and Head of the Community Science Department, emphasized that Kling AI’s mission is to empower everyone to tell great stories with AI, enabling more precise and complex creative expression.

    Kling AI Advances to the 2.0 Era, Redefining Human-AI Interaction
    Kling AI 2.0 leads the global industry in areas such as motion quality, semantic responsiveness, and visual aesthetics. Meanwhile, the Kolors 2.0 Model has made significant advancements in prompt adherence, cinematic quality, and artistic style expression. Mr. Gai Kun highlighted that in the team’s internal multi-metric tests and evaluations with GSB (Good-Same-Bad) methodology, both models have consistently ranked No.1 in the industry. For instance, in the image-to-video category, Kling AI 2.0 has a win-loss ratio of 182% against Google Veo2 and 178% against Runway Gen-4, significantly outperforming its rivals in dimensions such as semantic responsiveness, visual quality, and dynamic quality.

    (Mr. Gai Kun, Senior Vice President of Kuaishou Technology and Head of the Community Science Department)

    Mr. Gai Kun believes that AI holds immense potential for assisting creative expression, but current industry conditions fall short of meeting user needs. There are still “numerous challenges” regarding the stability of AI-generated content and the precise expression of users’ complex creative ideas. Therefore, to truly realize the vision of “telling great stories with AI,” it is essential to comprehensively enhance foundation models’ capabilities and define a “new language” for human-AI interaction.

    In this 2.0 model iteration, Kling AI officially introduces multi-modal visual language (MVL), a new interactive concept for AI video generation. This feature allows users to integrate multimodal inputs, such as image references and video clips, enabling them to convey complex creative ideas effectively and directly to AI, covering aspects such as identity, appearance, style, scenarios, actions, expressions, camera movements, and other elements.

    “It’s clear that text alone is insufficient for conveying visual information. We need a new approach that allows people to accurately express their thoughts,” Mr. Gai Kun pointed out. He explained that MVL consists of TXT (Pure Text) and MMW (Multi-modal-document as a Word), which facilitate precise creative expression for AI-empowered creators through two key aspects: setting foundational direction for video generation and enabling fine-tuned control.

    Based on the MVL concept, Kling AI has officially introduced its multimodal editing feature. “Starting today, our multimodal editing capabilities are available on the Kling AI platform. Users can directly input their ideas through images and other formats, generating creative videos that align with their concepts,” explained Mr. Gai Kun. He further highlighted that MMW will extend beyond images and videos, incorporating other forms of information such as voice and motion trajectories, allowing users to express themselves in more diverse ways.

    (“From Vision to Screen” Kling AI 2.0 Launch Event)

    Kling AI 2.0 Master Edition Officially Launched, Unveiling the All-New Multimodal Video Editing Feature
    Leveraging the innovative MVL interaction approach,Mr. Zhang Di, Vice President of Kuaishou Technology and Head of Kling AI, officially unveiled the all-new Kling AI 2.0 Master Edition at the launch event. This new version significantly enhances content generation performance in areas such as semantic responsiveness, motion quality, and visual aesthetics. These upgrades include significant improvements in following instructions, enhanced movie aesthetic expression, and support for over 60 types of stylized effect transcription, achieving a significant leap in creativity and imagination for image generation.

    (Mr. Zhang Di, Vice President of Kuaishou Technology and Head of Kling AI)

    Notably, the Kling AI 2.0 Master Edition features a comprehensive upgrade in controllable video and image generation and editing capabilities. The newly-introduced multimodal video editing function efficiently captures user intent. With a video clip, users can add, remove, or replace content elements generated in the video by inputting images or text, empowering creators with greater flexibility in editing and processing.

    At the same time, Kolors 2.0 has also launched practical image controllable editing functions, including partial redrawing and expanding, and supporting image addition, modification and repair. For multimodal controllable image generation, Kolors 2.0 has also launched a brand-new stylized transcription function, which allows users to switch an image’s artistic style in one click by simply uploading the image with a style description, while precisely retaining the semantic content of the original image.

    (Kling AI 2.0 Master Edition Operation Interface)

    Mr. Zhang Di stated that currently, image-generated video accounts for about 85% of Kling AI video creation, with image quality playing a crucial role in video generation effects. In the realm of large image generation models, Kuaishou Kolors leads the industry with several core advantages, such as powerful complex semantic understanding, movie-level visual quality, and controllable stylized generation under multiple conditions. In a number of internal team win-loss reviews, it maintains a significant advantage over industry-leading image models such as Midjourney V7, FLUX 1.1 Pro, and Reve.

    “Kling AI 2.0 Master Edition is not just a technical upgrade, but a full-spectrum leap in user experience,” Mr. Zhang Di noted. The Kling AI 2.0 Master Edition achieves breakthroughs in technology, user experience, and aesthetics.

    The Rapid Development of AIGC Technology Has Injected New Vitality into Industry Development
    In addition to a subscription service for individual users, Kling AI also offers API interface solutions and other services to businesses. Currently, Kling AI has partnered with thousands of domestic and overseas enterprises, including Xiaomi, Amazon Web Service, Alibaba Cloud, Freepik, and BlueFocus.

    Mr. Gai Kun noted that over 15,000 developers and business clients worldwide have applied Kling API in various industry scenarios, cumulatively generating about 12 million images and over 40 million videos. Today, Kling AI is becoming the new infrastructure for video creation in the AI era, and the rapid development of AIGC technology is reshaping many industries, such as advertising and marketing, professional creation, film and television, and entertainment and creativity.

    Mr. Chen Xiangyu, one of the Kling AI super creators, general director of New World Is Loading, and founder of the media company named Outliers, shared that Kling AI can be fully integrated into the episode creation process. AIGC not only improves efficiency but also revolutionizes the trial-and-error space compared to live shooting and animation. From scriptwriting to content distribution, the Outliers team has completed a comprehensive image industrialization creation process, covering everything from aesthetic expression to lens structure to the intricate presentation of complex action scenes and details. “Through practice, we found that Kling AI is a generative collaborative large model that can be stably and massively embedded into the episode creation process,” Mr. Chen Xiangyu commented. With AI’s assistance, the director and scriptwriting team have brought more of their ideas to life with greater imagination. “AIGC may be the prototype of the next generation of content structure,” said Mr. Chen Xiangyu.

    (Mr. Chen Xiangyu Keling AI Super Creator, General Director of New World Is Loading, Founder of the media company named Outliers)

    To further inspire the creative passion of AI enthusiasts, Mr. Zhang Di, Vice President of Kuaishou Technology and Head of Kling AI, also officially launched the “Kling AI NextGen New Image Venture Capital Program” at the event. This program aims to increase support for AIGC creators through millions of RMB in capital investment, global publicity and distribution, and IP creation and protection, facilitating the global dissemination of compelling AI stories through various flexible collaborations such as wholly-owned production, co-production and technical support, among other means. Meanwhile, Kling AI has extended invitations to global creators to jointly create the world’s first user-co-created AIGC creative short film, showcasing creators’ inspiration and creativity on advertising screens in cities like Shanghai, Hong Kong, Tokyo, Paris, and Toronto.

    Looking to the future, Mr. Gai Kun stated that Kling AI will continue to vigorously promote technological innovation and help users realize the precise expression of complex creative ideas through a new language for human-AI interaction. “Our goal is to empower everyone to tell a good story through AI, and we’re striving to make that a reality sooner,” concluded Mr. Gai Kun.

    About Kuaishou

    Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou’s platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more.

    Forward-Looking Statements

    Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “might”, “can”, “could”, “will”, “would”, “anticipate”, “believe”, “continue”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “seek”, or “timetable”. These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.

    For investor and media inquiries, please contact:
    Kuaishou Technology
    Investor Relations
    Email: ir@kuaishou.com

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4d634aff-a767-494f-9ec7-b714132adacb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/85d520af-328c-41c3-a396-3368cfbf8cfe

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f7e55762-826d-4882-a5ea-8fc78cf6ccad

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a6fc1f62-9681-4980-b378-10dd9df024d7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9660d1ac-8df4-480f-8cfc-d95880a7ab85

    The MIL Network

  • MIL-OSI: Artisan Partners Asset Management Inc. to Announce 1Q25 Results on April 29, 2025

    Source: GlobeNewswire (MIL-OSI)

    MILWAUKEE, April 15, 2025 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) will report its first quarter 2025 financial results and information relating to its quarterly dividend on April 29, 2025 at approximately 4:30 p.m. (Eastern Time). Artisan Partners Asset Management’s earnings release and supplemental materials will be available on the investor relations section of artisanpartners.com at that time. Chief Executive Officer Eric Colson, President Jason Gottlieb and Chief Financial Officer C.J. Daley will host a conference call on April 30, 2025 at 1:00 p.m. (Eastern Time) to discuss the results.

    A live webcast of the conference call will be available via the investor relations section of artisanpartners.com. Those interested in participating in the conference call should dial:

    United States/Toll Free:  1-877-328-5507
    International:  1-412-317-5423
    Conference ID:  10197435

    An audio replay of the conference call will be available one hour after the end of the conference until May 7, 2025 at 9:00 a.m. (Eastern Time) by dialing the following:

    United States/Toll Free: 1-877-344-7529
    International: 1-412-317-0088
    Replay Conference ID:  4894472

    An audio replay will also be available via the investor relations section of artisanpartners.com within 24 hours after the end of the conference.

    About Artisan Partners

    Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.

    Artisan Partners Asset Management Inc.

    Investor Relations Inquiries
    866.632.1770
    ir@artisanpartners.com

    The MIL Network

  • MIL-OSI: Jamf to Report First Quarter 2025 Financial Results on May 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, April 15, 2025 (GLOBE NEWSWIRE) — Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, announced today it will report first quarter 2025 financial results for the period ended March 31, 2025, following the close of the market on Tuesday, May 6, 2025. On that day, management will host a conference call and webcast at 3:30 p.m. CT (4:30 p.m. ET) to discuss the company’s business and financial results.

    Jamf First Quarter 2025 Earnings Conference Call

    When: Tuesday, May 6, 2025

    Time: 3:30 p.m. CT (4:30 p.m. ET)

    Live Webcast: The conference call will be webcast live on Jamf’s Investor Relations website at https://ir.jamf.com.

    Those parties interested in participating via telephone may register on Jamf’s Investor Relations website or by clicking here.

    Replay: A replay of the call will be available on the Investor Relations website beginning on May 6, 2025, at approximately 6:00 p.m. CT (7:00 p.m. ET).

    About Jamf

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

    Investor Contact:
    Jennifer Gaumond
    ir@jamf.com

    Media Contact:
    media@jamf.com

    The MIL Network

  • MIL-OSI: Rapid7 to Report First Quarter 2025 Financial Results on May 12

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, April 15, 2025 (GLOBE NEWSWIRE) — Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that the company will release its first quarter 2025 financial results on Monday, May 12, 2025, after the financial markets close.

    The company will host a conference call that same day to discuss its results and business outlook at 4:30 p.m. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206.

    The conference call will also be available live via webcast on the company’s website at https://investors.rapid7.com. A webcast replay of the call will be available at https://investors.rapid7.com.

    About Rapid7
    Rapid7 (Nasdaq: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management and threat detection to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or Twitter.

    Rapid7 Investor Contact:
    Elizabeth Chwalk
    Vice President, Investor Relations
    investors@rapid7.com
    (617) 865-4277

    Rapid7 Press Contact:
    Alice Randall
    Director, Global Corporate Communications
    press@rapid7.com
    (857) 216-7804

    The MIL Network

  • MIL-OSI: PennantPark Floating Rate Capital Ltd.’s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes $301 Million Securitization, Marking Continued Growth in PennantPark’s Middle Market Platform with Twelve CLOs Under Management

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, April 15, 2025 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that PennantPark Senior Secured Loan Fund I LLC (“PSSL”) through PSSL’s wholly-owned and consolidated subsidiary, PennantPark CLO 12, LLC (“CLO 12”) has closed a four-year reinvestment period, twelve-year final maturity $301 million debt securitization in the form of a collateralized loan obligation (“CLO” or “Securitization”).

    The debt issued in this Securitization (the “Debt”) is structured in the following manner:

    Class Par Amount
    ($ in millions)
    % of Capital
    Structure
    Coupon Expected Rating
    (S&P)
    A-1 Loans $30,000,000 9.9% 3 Mo SOFR + 1.45% AAA
    A-1 Notes 141,000,000 46.8% 3 Mo SOFR + 1.45% AAA
    A-2 Notes 12,000,000 4.0% 3 Mo SOFR + 1.60% AAA
    B 21,000,000 7.0% 3 Mo SOFR + 1.85% AA
    C 24,000,000 8.0% 3 Mo SOFR + 2.30% A
    D 18,000,000 6.0% 3 Mo SOFR + 3.30% BBB-
    Sub Notes 55,020,000 18.3%   NR
    Total $301,020,000      
     

    “This transaction demonstrates PennantPark’s resilience and ability to raise attractive long-term financing with our joint venture partner, especially in these challenging capital markets conditions in which interest rate volatility and uncertain economic prospects have disrupted credit markets,” said Arthur Penn, Chief Executive Officer. “We are particularly pleased to have achieved our lowest AAA pricing in our platform’s history which further enhances our strong capital position allowing us to participate in today’s excellent vintage of both primary and secondary opportunities. With the closing of CLO 12, PennantPark now manages approximately $4.0 billion in CLO middle market assets, and we look forward to continued growth with the support of our current and new investors.”

    PSSL will continue to retain all of the Subordinated Notes through a consolidated subsidiary. The reinvestment period for the term debt securitization ends in April 2029 and the Debt is scheduled to mature in April 2037. The term debt securitization is expected to be approximately 100% funded at close. The proceeds from the Debt will be used to repay a portion of PSSL’s $325 million secured credit facility. In addition, PSSL will act as retention holder in the transaction to retain exposure to the performance of the securitized assets. CIBC World Markets Corp. acted as lead placement agent on the Securitization.

    The notes offered as part of the term debt securitization have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state “blue sky” laws, and may not be offered or sold in the United States absent registration under Section 5 of the Securities Act or an applicable exemption from such registration requirements. The CLO is a form of secured financing incurred and consolidated by the Company. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.

    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle-market credit platform, managing approximately $10 billion of investable capital, including available leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle-market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles, and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    CONTACT:

    Richard T. Allorto, Jr.
    PennantPark Floating Rate Capital Ltd.
    (212) 905-1000
    www.pennantpark.com

    Source: PennantPark Floating Rate Capital Ltd.

    The MIL Network

  • MIL-OSI: ARRAY Technologies, Inc. Announces First Quarter 2025 Earnings Release Date and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    ALBUQUERQUE, N.M., April 15, 2025 (GLOBE NEWSWIRE) — ARRAY Technologies, Inc. (the “Company” or “ARRAY”) (Nasdaq: ARRY), a global leader in utility-scale solar tracking, today announced that the Company will release its first quarter 2025 results before the market opens on Tuesday, May 6, 2025, to be followed by a conference call at 8:00 a.m. (Eastern Time) that same day.

    The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international) and entering the passcode 13752974, or via webcast of the live conference call by logging onto the Investor Relations section of the Company’s website at http://ir.arraytechinc.com. A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853 (domestic), or (201)-612-7415 (international), with the passcode 13752974. The replay will be available until 11:59 p.m. (ET) on May 20, 2025. The online replay will be available for 30 days on the same website, immediately following the call.

    About ARRAY Technologies, Inc.

    ARRAY Technologies (NASDAQ: ARRY) is a leading global provider of solar tracking technology to utility-scale and distributed generation customers, who construct, develop, and operate solar PV sites. With solutions engineered to withstand the harshest conditions on the planet, ARRAY’s high-quality solar trackers, software platforms and field services combine to maximize energy production and deliver value to our customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology—relying on its domestic manufacturing, diversified global supply chain and customer-centric approach to design, deliver, commission, train and support solar energy deployment around the world. For more news and information on ARRAY, please visit arraytechinc.com.

    Investor Relations Contact:
    505-437-0010
    investors@arraytechinc.com

    Media Contact:
    Nicole Stewart
    505-589-8257

    The MIL Network

  • MIL-OSI USA: ICE, federal partners arrest Dominican alien convicted of sex crime in Massachusetts

    Source: US Immigration and Customs Enforcement

    WORCESTER, Mass. — U.S. Immigration and Customs Enforcement along with federal partners from the Federal Bureau of Investigations and the Bureau of Alcohol, Tobacco, Firearms and Explosives arrested a 32-year-old Dominican national convicted of a sex crime against a Massachusetts resident. Officers and agents arrested Moises Ricardo Peralta-Matos Feb. 25 in Worcester.

    “Moises Ricardo Peralta-Matos victimized a member of our Massachusetts community and has subsequently been charged with further violent behavior. He clearly presents a threat to the residents here,” said ICE Enforcement and Removal Operations acting Field Office Director Patricia H. Hyde. “We will not tolerate such threats to our neighborhoods. ICE Boston will continue to prioritize public safety by arresting and removing criminal alien threats from New England.”

    Peralta legally entered the United States May 1, 2003, at New York City; however, he violated the terms of his lawful admission.

    The Worcester District Court convicted Peralta on two counts of compulsory insurance violation Oct. 5, 2018. The court ordered Peralta to pay a fine.

    The Worcester District Court convicted Peralta Dec. 16, 2024, for indecent assault and battery person 14 or over. The court sentenced Peralta to 545 days in prison but suspended the sentence.

    The Worcester District Court arraigned Peralta Jan. 13 for assault and battery on a family household member.

    ICE officers and FBI and ATF agents arrested Peralta Feb. 25 in Worcester. They served Peralta with a notice to appear before a Justice Department immigration judge.

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

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

    MIL OSI USA News

  • MIL-OSI USA: Gillibrand Presses Social Security Commissioner on Benefit Portal Malfunctions, Planned Firings of SSA Tech Workers

    US Senate News:

    Source: United States Senator for New York Kirsten Gillibrand

    Lawmakers Send Letter Amidst Widespread Website Outages, Benefit Disruptions

    Senate Special Committee on Aging Ranking Member Kirsten Gillibrand wrote to Acting Social Security Commissioner Leland Dudek to demand that the Social Security Administration (SSA) address ongoing issues with the SSA website and reverse its reported plans to worsen the situation by firing up to 50 percent of employees from the Office of the Chief Information Officer (OCIO). Gillibrand was joined on the letter by Senate Banking Ranking Member Elizabeth Warren and Senate Finance Ranking Member Ron Wyden.

    OCIO is responsible for maintaining the agency’s benefit claims processing systems, managing SSA.gov and SSA’s online benefits portal, and protecting Social Security recipients’ sensitive information. In February, the agency announced plans to reduce its workforce by over 12 percent. Hundreds more staff firings will happen at OCIO, which has been directed to cut half of its staff. These cuts are expected to worsen the ongoing issues with SSA’s website and online portals, including recipients being incorrectly labeled as “not receiving payments” and losing access to their account histories.

    “It is unsurprising that weeks after you allowed DOGE to invade SSA, improperly access SSA data, and announce closures of Social Security offices, our constituents began having problems accessing their benefits…We are concerned that these recurring issues will impact the benefits of our constituents—many of whom rely on Social Security to pay rent or put food on the table,” wrote the lawmakers

    The cuts to the agency also expose SSA to system vulnerabilities, risking Americans’ data to hackers and foreign agents seeking to obtain private information. In addition to the dozens of senior SSA officials with centuries’ worth of experience who have resigned or retired, SSA’s entire cybersecurity leadership was also part of the exodus.

    “Leaving Americans’ most sensitive information unguarded places immeasurable financial and economic harm on our most vulnerable…We ask that you immediately cease all OCIO firings and act swiftly to restore SSA system and website functionality to prevent any further disruption of…benefits,” concluded the lawmakers

    The senators asked Dudek to provide clarity on the impact of cuts to OCIO, the so-called Department of Government Efficiency’s (DOGE) role in the firings, and the acting commissioner’s plan to ensure technical knowledge of internal systems is not lost during workforce reductions. 

    The letter is the latest in a series of actions by Senator Gillibrand to protect Social Security from the Trump administration’s efforts to cut the program. Last week, Senator Gillibrand led a letter with Senator Ron Wyden calling on the Trump administration and DOGE to stop their attacks on Social Security, specifically calling out SSA’s staffing cuts, plans for indiscriminate closures of field offices around the nation, and attempts to limit phone services. Earlier this year, Gillibrand also demanded answers from the administration about its plans to close the Social Security office in White Plains, NY; slammed the Trump administration for its efforts to “buy out” SSA employees; and joined elected officials in New York to call on the administration to stop its repeated efforts to cut Social Security.

    The full text of the letter can be found here.

    MIL OSI USA News

  • MIL-OSI USA: Maryland Return Preparer Charged with Preparing False Tax Returns for Clients

    Source: US State of North Dakota

    A federal grand jury in Greenbelt, Maryland, returned an indictment, unsealed yesterday, charging a Maryland woman with preparing false tax returns for clients and failing to file her own tax returns.

    According to the indictment, Zewdi Tsegay, of Burtonsville, ran a tax preparation business called Taxes R Us LLC, which later changed its named to Taxes 4 You LLC. The indictment alleges that from 2018 through 2024, Tsegay prepared and filed with the IRS false tax returns for clients. These returns allegedly included false business losses that benefited the client by claiming false refunds to which they were not entitled or decreasing their tax liability. 

    According to the indictment, the IRS conducted an undercover operation at Tsegay’s business in March 2020. Tsegay allegedly initially prepared the undercover agent’s tax return correctly, which reflected that the undercover agent owed taxes, and then added a fictitious business loss to the return, which resulted in the return improperly requesting a refund. The indictment further alleges that from 2021 to 2023, Tsegay was required to file tax returns for herself but did not do so.

    If convicted, Tsegay faces a maximum penalty of three years in prison for each count of filing a false tax return and a maximum penalty of one year in prison for each count of failing to file her own tax returns. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorneys Catriona M. Coppler and Richard Kelley of the Tax Division are prosecuting the case.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News

  • MIL-OSI Security: ATF National Response Team Investigates Florida Fire

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    TAMPA, Fla. – The Tampa Field Division of the Bureau of Alcohol, Tobacco, Firearms and Explosives requested assistance from ATF’s National Response Team investigating a fire in Ocala, Florida. The fire started on April 8 and destroyed a 12,000 square foot structure and caused the deaths of 21 horses.

    The team concluded their on-site investigation and is reviewing and analyzing additional data from the fire. Once this step is complete a final determination will be made regarding the cause of this fire.

    “This deployment highlighted NRT’s distinct role in supporting state and local investigators,” said Kirk Howard, Special Agent in Charge of the ATF Tampa Field Division. “Our partners recognize that ATF is the federal government’s gold standard when it comes to complex fire investigations and that we’ll mobilize our capabilities wherever we’re needed.”

    The team consists of Special Agents, Certified Fire Investigators, Fire Protection Engineers, Electrical Engineers, Forensic Chemists, Certified Explosives Specialists, an Intelligence Research Specialist, a Medic and an Accelerant Detection Canine with handler.

    Since its inception in 1978, the NRT has responded to 928 incidents, including eight activations this fiscal year alone. The NRT’s rapid-response structure enables it to generally deploy within 24 hours, bringing in state-of-the-art technology, including drones, 3D mapping, and portable labs, to aid in fire origin and cause determinations.

    The NRT has a proven track record of handling the nation’s most tragic and complex fire and explosive incidents. Past deployments include:

    • The Maui Wildfire Disaster: One of the deadliest U.S. fires in over a century, requiring an intricate investigation due to high winds and rapid fire spread.
    • Conception Dive Boat Fire: A fatal fire near Santa Barbara where the NRT helped uncover key evidence leading to safety reforms in marine operations.
    • 2020 Midwest Civil Unrest: The team processed over 200 arson scenes linked to protests, providing critical evidence that led to arrests and prosecutions.

    ATF is the federal agency with jurisdiction for investigating fires and crimes of arson. More information on ATF can be found at www.atf.gov.

    ###

    MIL Security OSI

  • MIL-OSI Security: Tyler tax preparer sentenced to federal prison for role in tax refund fraud scheme

    Source: Office of United States Attorneys

    TYLER, Texas – A Tyler tax preparer has been sentenced to federal prison for her role in a tax refund fraud scheme in the Eastern District of Texas, announced Acting U.S. Attorney Abe McGlothin, Jr.

    Karistha Johnson, 38, pleaded guilty to making false and fraudulent statements on a tax return and was sentenced to 24 months in federal prison by U.S. District Judge Jeremy D. Kernodle on April 15, 2025.  Johnson was ordered to pay $1,244,934 in restitution.

    “The Eastern District of Texas is committed to prosecuting tax preparers who engage in return preparer fraud schemes,” said Acting U.S. Attorney Abe McGlothin, Jr. “Schemes like this threaten to disrupt the orderly administration of the income tax system for law-abiding taxpayers, and taxpayers ultimately end up paying the bill.”

    “Ms. Johnson, in her role as a tax preparer, took advantage of those seeking assistance by filing fraudulent returns,” said Christopher J. Altemus Jr., Special Agent in Charge of IRS Criminal Investigation’s Dallas Field Office. “By fabricating deductions and business expenses, she filed hundreds of false returns, resulting in more than $1.2 million in fraudulent refunds. The women and men of IRS-CI remain dedicated to safeguarding our tax system and ensuring that individuals who engage in fraudulent activities face the full consequences under the law.”

    According to information presented in court, Johnson was involved in a multi-year return preparer fraud scheme involving the submission of tax returns containing false and fraudulent statements. Johnson prepared and filed 610 returns from 2017 through 2019 and received $1,244,934 in fraudulent refunds.

    This case was investigated by the Internal Revenue Service Criminal Investigation (IRS-CI) and prosecuted by Assistant U.S. Attorney Nathaniel C. Kummerfeld.

    ###

    MIL Security OSI

  • MIL-OSI Security: Two Men Admit Roles in Armed Robbery of U.S. Postal Service Employee

    Source: Office of United States Attorneys

    NEWARK, N.J. – Two Essex County, New Jersey men admitted their roles in an armed robbery of a U.S. Postal Service employee, U.S. Attorney Alina Habba announced.

    Dyshawn Williams, 28, of Newark, New Jersey, pleaded guilty before U.S. District Judge Claire C. Cecchi to one count of conspiring to interfere with commerce by robbery and one count of assaulting certain federal officers or employees.  Karieem Stamps, 26, also of Newark, New Jersey, pleaded guilty before U.S. District Judge Claire C. Cecchi to wire fraud, aggravated identity theft, and unlawful possession of a firearm and ammunition by a convicted felon.

    According to documents filed in this case and statements made in court:

    In November 2023, three individuals – including Williams – robbed a U.S. Postal Service employee at gunpoint in Newark, New Jersey.  The assailants stole the victim’s cell phone, keys, and wallet – including a credit card and debit card.  The robbery impeded the victim from delivering mail, which interfered with interstate commerce.  Shortly following the robbery, two individuals – including Stamps – used the stolen debit card to make purchases.  Both transactions passed through servers located outside of New Jersey.

    On August 1, 2024, Stamps – who was convicted of a felony offense in 2020 – possessed a Glock 29 Gen5 handgun bearing serial number CCRT895 with an extended magazine and 26 rounds of 9-millimeter ammunition.

    As to Williams, the counts of conspiracy to interfere with commerce by robbery and assaulting or impeding a federal employee carry a maximum penalty of 20 years in prison and a $250,000 fine.  As to Stamps, the count of wire fraud carries a maximum penalty of 20 years in prison and a $1,000,000 fine; the count of aggravated identity theft carries a mandatory two-year prison sentence; and the count of possession of a firearm and ammunition by a convicted felon carries a maximum penalty of 15 years in prison and a $250,000 fine.

    U.S. Attorney Habba credited postal inspectors with the U.S. Postal Inspection Service, Philadelphia Division, under the direction of Christopher A. Nielsen, with the investigation.  She also thanked special agents of the Federal Bureau of Investigation, under the direction of Acting Special Agent in Charge Terence G. Reilly in Newark, deputies of the U.S. Marshals Service, under the direction of United States Marshal Juan Mattos Jr., police officers and detectives of the Newark Police Department, under the direction of Public Safety Director Emanuel Miranda, officers of the New Jersey State Parole Board, under the direction of Chairman Samuel J. Plumeri, Jr., and special agents of the Bureau of Alcohol, Tobacco, Firearms and Explosives, Newark Division, under the direction of Acting Special Agent in Charge L.C. Cheeks, Jr.

    The government is represented by Assistant U.S. Attorney Eli Jacobs of the Organized Crime and Gangs Unit in Newark.

    25-103                                                 ###

    Defense counsel:

    Williams: Laura K. Gasiorowski, Westfield, New Jersey

    Stamps: Joseph Z. Amsel, Newark, New Jersey

    MIL Security OSI

  • MIL-OSI Security: Ashland Doctor Pleads Guilty to Distribution of Misbranded Semaglutide

    Source: Office of United States Attorneys

    ASHLAND, Ky. – An Ashland physician and owner of Lewis Family Care, Matthew Lewis, 44, pleaded guilty on Monday, before Chief U.S. District Judge David L. Bunning to receiving a misbranded drug and offering it for sale with the intent to defraud or mislead.   

               According to the charges against Lewis, the United States Food and Drug Administration (FDA) has approved three drugs with semaglutide as the active ingredient – Ozempic, Rybelsus, and Wegovy – to improve blood sugar levels in adult patients with diabetes or, in the case of Wegovy, for weight loss.  The FDA did not approve any generic semaglutide drugs.  In his plea agreement, Lewis admitted that beginning in May 2023, he purchased non-FDA approved semaglutide from suppliers in California and Georgia to administer to patients at a weight loss clinic.  These companies were not registered with the FDA as drug manufacturers or outsourcing facilities of compounded drugs, were not authorized to distribute semaglutide, and were not licensed pharmacies or licensed prescription drug wholesalers.  Lewis obtained the semaglutide from these unauthorized suppliers at a significantly lower cost than the legitimate prescription drugs.

               This non-FDA approved semaglutide sometimes arrived at Lewis Family Care packaged in a vial that contained a warning that the drugs were intended for lab research and development only.  The labels failed to provide adequate directions for use, adequate warnings, failed to contain an expiration date, and failed to list its active and inactive ingredients.  Lewis took measures to disguise and mislead others as to the unauthorized sources of the semaglutide. For example, he purchased the semaglutide using Venmo, Afterpay, or via phone, and he described the orders on his Venmo payments as “Meal Prep.” Lewis stored the drugs in his office, separate from Lewis Family Care’s other legally obtained medications.  He did not inform his patients that he was administering non-FDA approved semaglutide to them.  Between May 2023 and February 2024, Lewis Family Care’s weight loss clinic earned $249,044.40 from the administration of this unapproved semaglutide.

    “Prescription drugs are highly regulated in this country in order to keep patients safe,” said Acting U.S. Attorney Paul McCaffrey. “At a time of increased public interest in weight-loss drugs like Wegovy, Lewis chose profit margins over patient safety when he purchased non-FDA approved semaglutide and administered it to his patients.”

    “Physicians who administer misbranded drugs that come from outside the secure and regulated supply chain—particularly products that are injectable and pose sterility concerns—not only puts their patients’ health at risk but also violate their patients’ trust,” said George Scavdis, Special Agent in Charge, FDA Office of Criminal Investigations, Metro Washington Field Office. “We will continue to pursue and bring to justice those who would disregard and jeopardize public health and safety by selling misbranded drugs.”

    Acting U.S. Attorney McCaffrey and FDA Special Agent in Charge Scavdis, jointly announced the guilty plea.

    The investigation was conducted by the FDA-OCI. Assistant U.S. Attorney Brittany Dunn-Pirio is prosecuting the case on behalf of the United States. 

    Lewis is scheduled to be sentenced on August 18. He faces a maximum of three years in prison and any applicable restitution. However, any sentence will be imposed by the Court, after its consideration of the U.S. Sentencing Guidelines and the federal sentencing statutes.

    — END — 

    MIL Security OSI

  • MIL-OSI Security: Carnegie Man Charged with Evading Taxes and Willful Failure to File Tax Return

    Source: Office of United States Attorneys

    PITTSBURGH, Pa. – A resident of Carnegie, Pennsylvania, has been indicted by a federal grand jury in Pittsburgh on charges of tax evasion and willful failure to file a tax return, Acting United States Attorney Troy Rivetti announced today.

    The seven-count Indictment named Caesar Tavoletti III, 42, as the sole defendant.

    According to the Indictment, Tavoletti evaded taxes for tax years 2018-2020 and willfully failed to file tax returns for tax years 2018-2021.

    The law provides for a maximum total sentence of up to five years in prison, a fine of up to $250,000 or twice the gross gain or loss of the offense, or both, on each of the tax evasion counts. Under the federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.

    Assistant United States Attorney William Guappone is prosecuting this case on behalf of the government.

    The Internal Revenue Service – Criminal Investigation conducted the investigation leading to the Indictment.

    An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.

    MIL Security OSI

  • MIL-OSI Europe: Minister highlights key foreign policy milestones and sets future direction

    Source: France-Diplomatie – Ministry of Foreign Affairs and International Development

    Statements by M. Jean-Noël Barrot, Minister for Europe and Foreign Affairs, at his hearing before the National Assembly Foreign Affairs Committee (excerpts) (April 2, 2025)

    (…)

    Thank you for giving me the opportunity to outline the diplomatic track record of the first 100 days of François Bayrou’s government.

    UKRAINE

    The first point, unsurprisingly, relates to Europe’s strategic reawakening and Ukraine’s security. Just over a month ago we entered the fourth year of Russia’s war of aggression in Ukraine, which was a huge jolt for European nations. In recent weeks, as you’ve seen, we’ve made considerable progress towards what could be the resolution of this crisis and, more broadly, a European security architecture capable of deterring the threat for good.

    The Franco-British proposal for a one-month ceasefire in the air, at sea and on energy infrastructure was taken up by the Ukrainian President during his discussions with the United States, which, for its part, insisted on an immediate, complete and unconditional 30-day ceasefire. The Ukrainians, for whom this is a significant compromise, accepted it. (…)

    The Russians rejected the proposal, after suggesting they would abide by it. The situation is now clear: Russia is engaging in delaying tactics and wants to gain time. It hasn’t given up its territorial ambitions, it’s proceeding with further strikes on energy infrastructure, is continuing its war crimes and has even just launched the biggest conscription drive for 14 years – 160,000 young people expected to leave for the front. At this stage, it seems to me that Russia owes the United States, which is striving to lead the mediation, a clear response: yes or no.

    LEBANON

    The second point in our track record is support for Lebanon on the road to reconstruction. Although Lebanon was on the edge of the abyss, we managed to negotiate with our US partners a ceasefire that restored the country’s security and stability. It’s holding, despite the tensions, including the most recent ones. Israeli troops have withdrawn from 99% of the territories they had occupied.

    We’ve helped bring an end to a two-and-a-half-year vacancy for the head of State’s role. President Joseph Aoun was elected in January; he met President Macron in Paris on Friday 28 March. Prime Minister Nawaf Salam is working to give shape to the new hope for that country so close to France’s heart.

    We’ll continue to support its economic recovery and the restoration of a sovereign State by organizing an international conference dedicated to Lebanon’s reconstruction, in Paris this autumn. Between now and then, we’re advising Israel to enter into talks with Lebanon with a view to a definitive withdrawal from the five points it still occupies and the resolution of border disputes.

    SYRIA

    The third point in our record is our clear-sighted and conditional engagement with Syria following the fall of Bashar al-Assad’s criminal regime. We’ve chosen a demanding engagement with the new Syrian authorities, whose past we are aware of, with two goals: to foster a peaceful and inclusive political transition in keeping with Syria’s pluralism, guaranteeing respect for the rights of women and all communities; and to ensure that our security interests, particularly the fight against Islamist terrorism, the destruction of chemical weapons and an end to drug trafficking, are taken into account.

    This explains my visit to Damascus on 3 January and the organization of an international conference on Syria in Paris on 13 February. More recently, we encouraged the signing of an agreement on 10 March between the Damascus authorities and our Kurdish partners in the Syrian Democratic Forces (SDF), which have spearheaded the fight against Daesh in recent years, so that their rights and interests are taken into account in the Syrian transition and we can continue the fight against terrorism. We also ensured that the Organization for the Prohibition of Chemical Weapons (OPCW) can be deployed in Syria to destroy the regime’s stockpile of illegal chemical weapons.

    Our engagement is clear-sighted, demanding, conditional and reversible. We strongly condemned the massacres of Alawite civilians and let the Damascus authorities know that, in the absence of a fight against impunity, we shall not proceed with a lifting of sanctions.

    AFRICA

    The fourth point in the record is the renewal of our partnerships in Africa. At the end of November, the President of Nigeria was welcomed to Paris to strengthen our ties with the continent’s leading demographic power. It was the first state visit to France by an African head of State since 2017. In mid-January we hosted a state visit by the President of Angola, which took over the presidency of the African Union (AU) a month later.

    I personally have made several visits to sub-Saharan Africa: to the Sudanese border, to demonstrate our unfailing mobilization in the face of the world’s biggest humanitarian crisis; to Addis Ababa, headquarters of the AU, to revitalize, five years after the last session, our strategic dialogue with this new G20 member – because the AU has been admitted as a fully-fledged member; to Thiaroye in Senegal, to speak the truth about our shared history; to Johannesburg, to make France’s voice heard at the G20, whose presidency South Africa holds this year; and to Kinshasa and Kigali, to call on the Congolese and Rwandan heads of State to prioritize diplomacy rather than weapons.

    CHINA/TRADE

    Fifth point in the record: progress on trade negotiations in China. My visit last weekend was a first step towards resolving our dispute on Cognac and Armagnac. Before my visit to Beijing, the industry was under threat of an immediate imposition of definitive tariffs ranging from 34% to 39% on Cognac and Armagnac and the definitive closure of access to duty-free shops.

    The demanding dialogue we’ve been conducting has enabled us to maintain this access for goods that have already arrived in China and delay by three months any imposition of definitive tariffs. This significant reprieve allows us to continue this demanding dialogue with China in order to put this dispute behind us. Next step: high-level dialogue between the Economy and Finance Minister and his Chinese counterpart on 15 May.

    ARTIFICIAL INTELLIGENCE

    The sixth point in the record is the success of the Artificial Intelligence (AI) Action Summit, held in Paris in January with more than 100 countries. Co-chaired by France and India, whose prime minister paid an official visit to France on the occasion, it concluded with a statement tackling, for the first time, the challenges of AI in their entirety – environmental, social and democratic. We also managed to secure an announcement of private investment in France to the tune of €109 billion, to benefit our businesses and fellow citizens, which will be followed up with a €50-billion investment by the European Commission, testifying to France’s attractiveness when it comes to this promising technology.

    IRAN/FRENCH HOSTAGES

    The seventh point in the record is the release of several French hostages. On 17 March, after months of active efforts and four conversations with my counterpart, we secured the release of Olivier Grondeau. It was an especially moving moment, shared by the nation’s elected representatives during a tribute paid on 25 March to him and our two other compatriots, Jacques Paris and Cécile Kohler, who are still being held after more than 1,000 days.

    To free them, we’ll be stepping up the pressure on the Iranian regime. First of all, in the coming days, probably during the European Foreign Affairs Council on 14 April, we’ll be adopting additional European sanctions against those Iranians responsible for the state hostages policy. Secondly, given the unacceptable violations of our two compatriots’ right to consular protection, which are sadly just one aspect of their harsh conditions of detention, we’ll be lodging a complaint against Iran with the International Court of Justice, for violating the right to consular protection. (…)

    What makes our diplomacy strong is precisely that it has a more extensive arsenal than others, ranging from dialogue to sanctions, and that it uses it wisely, having learnt from decades and even centuries of French diplomatic successes.

    It’s this strength that I’ll be harnessing in the next 100 days to defend and promote French interests.

    GAZA

    The first area on which we’re focusing efforts is the search for a lasting political solution in Gaza. We’re working for a permanent ceasefire enabling the release of all the hostages and the massive delivery of humanitarian aid, blocked for several weeks, to the civilian population, who are in a tragic situation. We’re convinced that there’s no military solution to the Israeli-Palestinian conflict. In particular, annexation, the forced displacement of people, and settlement activity are a dead end and a threat to the security of Israel itself.

    We’ll continue to work to find the path to a lasting political solution. In Gaza, we support the Arab plan, which proposes a reconstruction framework and credible security guarantees. It aims to establish a new Palestinian governance, in which Hamas must in no way take part. Outside Gaza, we’ll continue working with our Saudi partners, co-chairing an international conference at the United Nations headquarters in New York in the summer, aimed at restoring the prospect of a two-State solution, which alone guarantees peace and security to the Israelis and Palestinians.

    SUDAN

    The second area we’re focusing on concerns the crisis in Sudan, the world’s biggest humanitarian crisis in terms of its scale – 26 million children, women and men in a situation of absolute humanitarian distress. 15 April will mark the second anniversary of the conflict.

    In 2024 we hosted a major international conference on support for Sudan and the neighbouring countries, which raised more than €2 billion in humanitarian commitments. On 15 April I’ll be visiting London for the second conference, co-organized with the United Kingdom, Germany, the European Union and the AU. We’ll review the commitments made last year and call on those involved to shoulder their responsibilities, to ensure that the conflict does not see a third anniversary.

    DRC/RWANDA

    The third area of work concerns diplomatic and humanitarian support in the Great Lakes region. We’re making active efforts to find a diplomatic solution to the crisis tearing apart the eastern DRC, where Rwandan troops are deployed supporting the rebel group M23, in breach of Congolese sovereignty.

    We’re pursuing this goal at several levels: bilaterally, President Macron is in close contact with his two counterparts and the region’s leaders; at the level of the European Union, which recently adopted new individual measures against military leaders from Rwanda and the M23 rebel group; and at the UN, where we played a key role and got the Security Council to adopt a historic resolution at the end of February, unanimously condemning the presence of Rwandan troops in the eastern DRC.

    We’re also in contact with African mediators, who are working on the front line to secure a political resolution to the crisis – i.e. in practical terms, a lasting and mutually-agreed ceasefire and a resumption of negotiations. It’s a matter of urgency. The whole region’s stability is at stake, and the conflict has already led to the displacement of nearly a million people since the beginning of the year, and several thousand deaths. It’s the world’s second most serious humanitarian crisis. So I’ve decided, regardless of the budgetary constraints, to increase our humanitarian support package by €5.5 million.

    IRAN/NUCLEAR PROGRAMME

    Our fourth area of work concerns the search for a binding agreement on Iran’s nuclear programme. Despite the setbacks it has suffered in recent months – the heavy defeat of Hezbollah in Lebanon, the fall of Bashar al-Assad’s regime, Israel’s aerial attack on its territory, a disastrous economic situation – Iran is continuing an agenda of destabilization, raising the stakes in its nuclear programme, which is reaching unprecedented levels, continuing its support for groups that destabilize the region such as the Houthis, supporting Russia’s war in Ukraine by delivering drones and missiles, and a policy of state hostages.

    Ten years after the conclusion of the Joint Plan of Action (JPoA), we remain convinced that Iran must never obtain a nuclear weapon. Our priority is to achieve an agreement that restricts its nuclear programme in a lasting and verifiable way. The window of opportunity is narrow: we have only a few months before the expiry of the JPoA, secured in particular thanks to French negotiators, to whom I pay tribute. In the event of failure, a military confrontation would become all but inevitable. Its cost would be very high, in that it would very badly destabilize the region. We’ve been doing everything to prevent that, for the past 10 years.

    ALGERIA

    Fifthly, we’re focusing our efforts on opening up diplomatic space with Algeria. The tensions between us, which we didn’t cause, serve neither its interests nor ours. We must reduce them rigorously and with honesty, without weakness. That was the approach behind the Prime Minister’s convening of an interministerial meeting on immigration control providing for a re-examination of the agreements reached between the two countries.

    The telephone conversation between President Macron and his Algerian counterpart reopened a diplomatic space allowing the crisis to be resolved. We intend to take advantage of it to achieve results, in the interests of French people, as regards cooperation on migration, justice, security, the economy and remembrance. The two heads of State decided on some principles. They must now find a way to implement them. On Sunday I’ll be visiting Algiers for this. Other ministerial, and no doubt parliamentary, visits will follow.

    WESTERN BALKANS

    Sixth area where we’re focusing our efforts: the Western Balkans. Exactly 30 years ago, the region was in the grip of a very high-intensity war, right at the heart of the European continent, less than 2,000 kilometres from France. In Serbia, the authorities are facing unprecedented public unrest. The negotiations conducted for several months between President Vucic and the demonstrators have made it possible to announce the formation of a new government in the next few weeks, which is a first step towards calming down the situation. Last Saturday, during a conversation, President Macron had the opportunity to encourage him to move further along that path.

    In Bosnia and Herzegovina, since an arrest warrant was issued against him, the President of Republika Srpska, Milorad Dodik, is stepping up his secessionist initiatives, which we have systematically condemned. We gave our consent to a strengthening of the European ALTHEA force, which is under French command, by some 600 additional personnel, so that it could be in a position to calm down the situation if it became toxic. (…)

    We’re focusing on the European Political Community summit being held in Tirana on 16 May, providing President Macron with the opportunity to hold meetings with the authorities in the countries of the region – both the ones gripped by the crisis and those which, on the contrary, are making good progress on their pathway to the European Union, particularly Albania and Montenegro.

    ARMENIA/AZERBAIJAN

    The seventh area on which we’re focusing efforts is the Caucasus, particularly with our support for Armenia. We welcomed the conclusion of negotiations on the peace treaty between Armenia and Azerbaijan. Nothing stands now in the way of it being signed, which I hope will take place as soon as possible. France will continue to unfailingly support Armenia’s resilience and sovereignty. The determination of Nikol Pashinyan’s government to stay on the path of independence, democracy and peace is remarkable, especially as Russia is not hiding its hostility.

    In this context, we are closely following the trial of the Armenians of Nagorno-Karabakh, which began on 17 January at the Baku Military Court. We are being very vigilant as regards the concerns expressed by human rights organizations about the fairness of trials and the treatment of defendants. We call for the release of all prisoners held arbitrarily in Azerbaijan and would like the normalization process between the two countries to allow the issue of prisoners and detainees to be resolved.

    UN OCEAN CONFERENCE

    Our eighth area of work concerns the organization of the third United Nations Ocean Conference (UNOC) in Nice in June. A highlight of our international calendar, 10 years after the conclusion of the Paris climate agreement, it’s set to be its equivalent for the oceans. We’re aiming at several outcomes – one of them is being debated in the Chamber at this very moment – including the entry into force of the international treaty for the protection of the high seas and marine biodiversity, which requires it to be ratified by 60 signatory States. We’ve got to about 20. We’re making active efforts at every level, including that of your committee through Éléonore Caroit, whom I thank. We’ll be opening a ratification office in Nice during UNOC, to encourage countries that are delaying to submit their ratification instruments.

    Allow me to say a word about the two main projects to transform the Ministry.

    INFORMATION WAR

    The first concerns rearmament in the face of the information war. In 2024 France was the European Union country most targeted by foreign interference, with 152 of the 505 cases detected in Europe between November 2023 and November 2024. That year, 2024, saw a great deal of evidence that operations of influence, particularly Russian ones, were being conducted against our civilian population. France has assets to defeat this, but must invest more in informing French people. More broadly, it must not only beef itself up to defend itself but also reinvent itself to make its voice heard, at a time when the information space has become fragmented.

    FOREIGN MINISTRY AND THE PUBLIC

    The second transformation project consists in focusing the Ministry for Europe and Foreign Affairs more on French people and creating through this key State ministry – which is probably one of those least known by our compatriots – a link between diplomacy and nation such as that between the army and the nation. What happens beyond our borders has probably never had so much impact on our compatriots’ daily lives, and both you and I saw during scrutiny of the budget an insufficient understanding of the work we do in parliamentary and ministerial diplomacy to serve our compatriots.

    This transformation project is very far-reaching and affects every dimension of our action. It’s about better assessing and developing the response the Ministry provides to French people’s concerns, for example in terms of employment, the ecological transition, health and immigration. It’s about activating links with French people by supporting economic diplomacy and decentralized cooperation – local authorities are the Ministry’s chief partner. It’s about taking resolute action, with elected representatives of the regions, departments and cross-border communities, to finally remove the many irritants facing the millions of our compatriots who have daily experience of the border. It’s about increasing the number of visits by the Minister within France, which is not customary but seems important in the period we are going through, because our compatriots are worried about what is happening abroad and need to be given some control. Finally, it’s about opening the Quai d’Orsay right up and increasing the number of visits there so that people can properly understand the professions of the diplomatic service, how it can change our compatriots’ lives and why it’s so useful on a daily basis. (…)./.

    MIL OSI Europe News

  • MIL-OSI USA: In the Starlight: Tina Preyan Fuels the Future at Johnson

    Source: NASA

    Exploring the unknown and preparing for humanity’s next giant leap really works up an appetite. Thankfully, employees at NASA’s Johnson Space Center in Houston can count on Tina Preyan to help them fuel up and stay focused.
    Preyan is a food service specialist at Starport, a quality-of-life program that contributes to Johnson’s mission by providing employee services and activities that enhance work life and promote mental well-being and physical fitness. Part of the agency’s network of 12 NASA Exchanges — each located at a NASA center or facility — Starport offers everything from group fitness classes to retail shopping, with programs designed to engage, energize, and support the workforce.

    Preyan oversees the on-site dining options at Johnson, from its cafés and food trucks to vending machines and mini markets. She helps set the budget for food services, creates monthly calendars of food offerings, schedules vendors and pop-up events, and ensures annual food safety inspections are conducted. She also works with teams across Johnson to order food and related supplies for NASA events.
    “The best part of my job is working in customer service, meeting new NASA workers every day, and making everyone feel welcome and at home when coming to Johnson’s cafés,” she said.
    Preyan has been a fixture at Johnson for the last 19 years. She previously worked at NASA’s Michoud Assembly Facility in New Orleans but transferred to Houston shortly after Hurricane Katrina hit the city in 2005. At Starport, she worked her way up from prep cook to lead cashier and then to lead assistant. She also served as the office’s administrative assistant before transitioning to her current role.

    Preyan has enjoyed meeting many NASA astronauts and Johnson team members and learning more about the work they do. The occasional celebrity sighting is another job perk.
    Preyan is something of a celebrity herself. “So many employees know my name. I am proud of meeting so many people, and the love they give me every day just being here,” she said.
    She was also proud to receive Starport’s Jackie Kingery Award in fall 2024. The award recognizes extraordinary customer service and exemplary dedication to the NASA Exchange mission at Johnson. “It felt amazing to receive this award and know that I am doing a great job in everyone’s eyes,” she said. “I value high integrity and am always willing to help others in the organization.”

    Another source of pride for Preyan? Her son, Cameron, who is set to graduate from the University of Texas at San Antonio in May with a degree in Finance and Marketing.
    In addition to her son’s graduation, Preyan looks forward to continuing her work in a positive environment and pursuing more growth opportunities.
    “I’m going to stay busy and stay focused on ensuring proper procedures are being used by vendors,” she said. “And making sure all customers are happy and will continue to return to cafés.”

    MIL OSI USA News

  • MIL-OSI Africa: Where Policy Meets Investment: African Ministers to Showcase Mineral Refining Opportunities at African Mining Week (AMW) 2025

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

    CAPE TOWN, South Africa, April 15, 2025/APO Group/ —

    African Mining Week (AMW) – Africa’s premier gathering for mining stakeholders, taking place from October 1-3 in Cape Town – will feature a high-level Ministerial Forum dedicated to advancing local mineral beneficiation across the continent.

    The session – From Extraction to Transformation: African Governments Driving Beneficiation and Value Addition – will spotlight national strategies and regulatory reforms aimed at boosting midstream and downstream infrastructure, enhancing local content, supporting community development and maximizing national value capture from resource exploitation.

    Across the continent, mineral-rich countries are enacting policies and investment incentives – including export restrictions on raw minerals – to spur industrialization and local processing. In the Democratic Republic of Congo, the world’s top cobalt producer, authorities imposed a four-month suspension on cobalt and copper exports in February 2025 to prevent market oversupply and stabilize prices. The decision came in response to a steep price drop from $82,000 per metric ton in April 2022 to just $21,550 in February 2025, aiming to resume exports once more favorable market conditions return. These proactive measures are expected to enhance the long-term sustainability of the sector and attract new investments in processing and refining infrastructure.

    In Zimbabwe, a 2023 ban on raw lithium exports has attracted billions in downstream investment and created new jobs. In August 2024, Zimbabwe secured $310 million from Chinese and British investors to construct a three-million-ton-per-annum lithium processing facility at Sandawana Mine. Guinea-Conakry, which holds 23% of global bauxite reserves and is the second-largest producer worldwide, is reducing its reliance on raw exports by advancing several alumina refinery projects. Key developments include partnerships with Emirates Global Aluminium and Alteo Refinery to strengthen local industrial capacity. These strategic moves are positioning both countries as key players in the global mineral refining market, with significant potential for long-term economic growth and job creation.

    Meanwhile, South Africa, the world’s leading producer of platinum group metals (PGMs), is making major strides in beneficiation. Projects include the $4.5 billion KwaZulu-Natal Titanium Beneficiation Complex by Nyanza Light Metals; a titanium pigment plant at the Richards Bay Industrial Development Zone; a PGM treatment facility at the Steelpoortdrift Vanadium Project by Vanadium Resources Limited; and a new treatment plant at Ivanhoe Mines’ Platreef PGM Nickel Project. These initiatives are expected to significantly boost South Africa’s beneficiation capacity, create thousands of jobs and further cement the country’s position as a global leader in mineral processing and industrialization.

    The Ministerial Forum at AMW will provide a strategic platform for African leaders to showcase progress, present investment-ready opportunities and foster collaboration across the mining value chain. It will also serve to align policy priorities and attract long-term capital for the development of sustainable, value-driven mineral economies.

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

    MIL OSI Africa

  • MIL-OSI Security: Owner of New Jersey Businesses Admits to Fraudulently Obtaining Over $3.2 Million from The Paycheck Protection Program

    Source: Office of United States Attorneys

    TRENTON, N.J. – An owner of several New Jersey businesses admitted to fraudulently obtaining over $3.2 million in federal Paycheck Protection Program (PPP) loans, U.S. Attorney Alina Habba announced.

    Daniel Dadoun, 48, of Israel, formerly of South Plainfield, New Jersey, pleaded guilty before U.S. District Judge Robert Kirsch to an information charging bank fraud and money laundering. 

    According to documents filed in this case and statements made in court:

    From April 2020 through August 2022, Dadoun engaged in a scheme to illegally obtain over $3.2 million in PPP loans for his New Jersey businesses by submitting false and fraudulent loan applications. After receiving the PPP loan proceeds, Dadoun sought to keep the money by submitting false and fraudulent PPP loan forgiveness applications that misrepresented payroll expenses and the number of employees at his companies.  In support of the loan and forgiveness applications, Dadoun submitted falsified tax documents and altered bank statements.

    The charge of bank fraud carries a maximum penalty of 30 years’ imprisonment and a maximum fine of $1,000,000, or twice the gross gain to the defendant or gross loss to the victim, whichever is greatest.  The charge of money laundering carries a maximum penalty of 10 years’ imprisonment and a maximum fine of $250,000, or twice the gross gain to the defendant or gross loss to the victim, or twice the amount of criminally derived property involved in the transaction, whichever is greater.  Sentencing is scheduled for August 13, 2025.

    U.S. Attorney Habba credited special agents of Homeland Security Investigations Newark, under the direction of Special Agent in Charge Ricky J. Patel, special agents of IRS – Criminal Investigation, New York Field Office, under direction of Acting Special Agent in Charge Harry T. Chavis, Jr., special agents of the Social Security Administration – Office of the Inspector General, Boston New York Field Division, under the direction of Special Agent in Charge Amy Connelly, and special agents of the U.S. Attorney’s Office for the District of New Jersey, under the direction of Special Agent in Charge Thomas Mahoney, with the investigation leading to the guilty plea.

    The government is represented by Assistant U.S. Attorney Katherine M. Romano of the U.S. Attorney’s Office Health Care Fraud Unit in Newark.

    The District of New Jersey COVID-19 Fraud Enforcement Strike Force is one of five strike forces established throughout the United States by the U.S. Department of Justice to investigate and prosecute COVID-19 fraud. The strike forces focus on large-scale, multi-state pandemic relief fraud perpetrated by criminal organizations and transnational actors. The strike forces are interagency law enforcement efforts, using prosecutor-led and data analyst-driven teams designed to identify and bring to justice those who stole pandemic relief funds.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

                                                                           ###

    Defense counsel: Anthony J. Pope, Jr., Esq.

    MIL Security OSI

  • MIL-OSI Security: Independence, MO Man Sentenced for $1.4 Million COVID-19 Scheme

    Source: Office of United States Attorneys

    KANSAS CITY, Mo. – An Independence, Mo., man was sentenced in federal court today for filing a false claim as part of a scheme to fraudulently receive nearly $1.4 million in COVID-19 relief funds from the government.

    Richard Dean Schiele, Jr., 51, was sentenced by U.S. Chief District Judge Beth Phillips to a year and a day imprisonment and ordered to pay $130,125.09 in restitution to the Internal Revenue Service.

    The Coronavirus Aid, Relief, and Economic Security Act (“CARES” Act) provided for an Employee Retention Credit designed to encourage businesses to keep employees on their payroll. The Employee Retention Credit is available to eligible employers that paid qualified wages to some or all employees after March 12, 2020, and before Jan. 1, 2022.

    In his guilty plea, Schiele admitted he filed nine Employer’s Quarterly Tax Return forms with the IRS on April 22, 2023, for a company he formed the same month called Schiele Family Own Distribution. The returns made a total of $1,392,716 in claims for COVID–19 pandemic era credits against the company’s ostensible employment taxes. In reality, Schiele admitted, the company did not have any employees in 2020 through 2022.

    Based on these false claims, the IRS issued checks totaling $478,890 to Schiele. The Treasury Department recovered $348,764.91 from Schiele’s bank account. Under the terms of today’s sentence, Schiele must pay $130,125 in restitution to the IRS.

    This case is being prosecuted by Assistant U.S. Attorney Paul S. Becker. It was investigated by IRS-Criminal Investigation.

    MIL Security OSI

  • MIL-OSI Security: Maryland Return Preparer Charged with Preparing False Tax Returns for Clients

    Source: United States Attorneys General 1

    A federal grand jury in Greenbelt, Maryland, returned an indictment, unsealed yesterday, charging a Maryland woman with preparing false tax returns for clients and failing to file her own tax returns.

    According to the indictment, Zewdi Tsegay, of Burtonsville, ran a tax preparation business called Taxes R Us LLC, which later changed its named to Taxes 4 You LLC. The indictment alleges that from 2018 through 2024, Tsegay prepared and filed with the IRS false tax returns for clients. These returns allegedly included false business losses that benefited the client by claiming false refunds to which they were not entitled or decreasing their tax liability. 

    According to the indictment, the IRS conducted an undercover operation at Tsegay’s business in March 2020. Tsegay allegedly initially prepared the undercover agent’s tax return correctly, which reflected that the undercover agent owed taxes, and then added a fictitious business loss to the return, which resulted in the return improperly requesting a refund. The indictment further alleges that from 2021 to 2023, Tsegay was required to file tax returns for herself but did not do so.

    If convicted, Tsegay faces a maximum penalty of three years in prison for each count of filing a false tax return and a maximum penalty of one year in prison for each count of failing to file her own tax returns. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorneys Catriona M. Coppler and Richard Kelley of the Tax Division are prosecuting the case.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI Security: Cooperation of joint investigation team into crimes against Ezidi victims in Syria and Iraq leads to first two convictions

    Source: Eurojust

    With Eurojust’s support, the JIT was set up in October 2021 by the judicial authorities of Sweden and France, with Belgium joining in October 2022 and the Netherlands in June 2023. The main aim of this judicial cooperation is to identify FTFs linked to ISIL (Da’esh) who have returned from Syria or Iraq and were involved in core international crimes, mainly perpetrated against Ezidi victims. Core international crimes are crimes such as genocide, war crimes and crimes against humanity.

    The Netherlands had its first conviction for crimes against the Ezidi in December 2024. A Dutch citizen was convicted of crimes against humanity for the enslavement of a female Ezidi victim, participation in ISIL (Da’esh), promoting crimes with a terrorist objective and abandoning the victim’s son in a helpless position in a war zone. She was sentenced to ten years’ imprisonment and identified through the work of the JIT.

    Recently, a Swedish citizen was sentenced to twelve years imprisonment for genocide, crimes against humanity and war crimes, committed against nine Ezidi victims. Six of the victims were children under the age of seven. The extensive cooperation through the JIT proved to be crucial for this conviction in Sweden.

    In 2026, a French citizen might be tried on charges of genocide and crimes against humanity.

    Based on the principle of universal jurisdiction, EU Member States can start investigations into core international crimes committed outside their own territory. Such cases are actively supported and coordinated by Eurojust and the Genocide Network Secretariat (GNS), which the Agency hosts.

    With the financial and operational support of Eurojust, the JIT partners and investigating judicial authorities from Germany, United Kingdom, United States, Canada and Australia fully intend to continue the investigations into crimes against Ezidi victims committed by ISIL (Da’esh). However, they stress the need to receive adequate information and analytical support.

    In view of this, they regret the closure of the United Nations Investigative Team to Promote Accountability for Crimes Committed by Da’esh/Islamic State in Iraq and the Levant (UNITAD), which ceased its activities in September 2024. With the conclusion of UNITAD’s mandate, information from its database, which is highly relevant to the work of the JIT, has been transferred to the United Nations headquarters. Unfortunately, they have limited capacity to respond to requests for access from national authorities.

    Leading Swedish prosecutor and co-founder of the Eurojust-supported JIT, Ms Reena Devgun, stated: Unfortunately, the closure of UNITAD has slowed down the investigations of the joint investigation team. However, all its members hope that the UNITAD archive will be made easily accessible again soon to all practitioners who investigate core international crimes against Ezidi victims. This is of prime importance to continue their work to end impunity for these atrocities.

    The work of the JIT is also actively supported by the International, Impartial and Independent Mechanism to assist in the investigation and prosecution of persons responsible for the most serious crimes under international law committed in the Syrian Arab Republic (IIIM). Eurojust remains fully at the disposal of the JIT partners to assist with the coordination and support of investigations.

    For further information:

    Belgium and Netherlands sign up to joint investigation team targeting crimes against Yezidi victims in Syria and Iraq (26 June 2023)

    Support to joint investigation team of Sweden and France targeting crimes against Yezidi victims in Syria and Iraq (7 January 2022)

    MIL Security OSI

  • MIL-OSI Asia-Pac: CCI approves the acquisition of certain shareholding in SNV Aviation Private Limited (Akasa Air) by PI Opportunities Fund-I Scheme-II (PIOF), certain executives of PIOF, Claypond Capital Partners Private Limited (Claypond), and 360 ONE Private Equity Fund (360 Fund), through its various schemes and affiliates.

    Source: Government of India

    Posted On: 15 APR 2025 8:07PM by PIB Delhi

    The Competition Commission of India has approved the acquisition of certain shareholding in SNV Aviation Private Limited (Akasa Air) by PI Opportunities Fund-I Scheme-II (PIOF), certain executives of PIOF, Claypond Capital Partners Private Limited (Claypond), and 360 ONE Private Equity Fund (360 Fund), through its various schemes and affiliates.

    The Proposed Combination involves the acquisition of certain shareholding in Akasa Air by  PIOF, PI Executives, Claypond, and 360 Fund, acting through its investment manager, 360 ONE Alternates Asset Management Limited.

    PIOF is a trust established under the laws of India and registered as an Alternative Investment Fund with the Securities and Exchange Board of India and is setup to provide investors with risk-adjusted returns by way of a portfolio of significant and long-term equity investments in various growing entities.

    Claypond is an affiliate of the Pai Family Group. Pai Family Group has made financial investments in various sectors.

    360 Fund is registered with the SEBI as a Category II AIF and is established for the purpose of investing in various sectors in India and worldwide.

    Akasa Air is engaged in the business of providing domestic scheduled air passenger transport services, international scheduled air passenger transport services, air cargo transport services, and allied services including in-flight sales.

    Detailed order of the Commission will follow.

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    MIL OSI Asia Pacific News