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Category: Finance

  • MIL-OSI: BTCS Reaches $96.3 Million in Combined Crypto and Cash Market Value, Including 29,122 ETH Holdings

    Source: GlobeNewswire (MIL-OSI)

    Year-to-Date Capital Raise of $62.4 Million Supports Execution of DeFi/TradFi Flywheel Strategy

    Silver Spring, MD, July 14, 2025 (GLOBE NEWSWIRE) — BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company short for Blockchain Technology Consensus Solutions, announced today that it has raised $62.4 million year-to-date in minimally dilutive capital while expanding BTCS’s Ethereum holdings to 29,122 a 221% increase from year end 2024.

    “By increasing our ETH per share while simultaneously driving meaningful revenue growth, we are building the premier Ethereum-focused public company,” said Charles Allen, CEO of BTCS. “BTCS stands apart in two keyways: first, our hallmark DeFi/TradFi flywheel, enables us to access capital at a low cost and deliver, leveraged exposure to Ethereum, and second our established track record, we’re the world’s oldest public blockchain company and have been laser focused on Ethereum infrastructure for nearly five years.”

    Ethereum Holdings Snapshot
    As of Friday, July 11, 2025, BTCS’s ETH holdings include:

    • Total ETH holdings: 29,122
    • ETH Market Value: $87.3 million at $3,000 per ETH
    • Staked ETH: 4,160 via Rocket Pool Nodes, 6,300 via Solo Nodes, 4,382 in staking queue
    • ETH posted to Aave as collateral: 14,280 with current annual earnings at approximately 2%

    “We believe that BTCS is the most leveraged Ethereum play in public markets today,” said Allen. “Our vertically integrated block building and node operations are generating record revenue, and when combined with our unique financial structure, BTCS offers investors scalable, high-growth exposure to Ethereum.”

    Sources of Capital
    Capital raised this year includes a combination of equity, convertible debt, and DeFi-based borrowing, aligned with BTCS’s strategy of optimizing ETH exposure while managing dilution:

    ATM Sales: $39.5 million (63%)
    Above-Market Convertible Debt: $7.4 million (12%)
    Aave Stablecoin Loans (DeFi): $15.5 million (25%)

    Leverage Cap
    To support scalable growth while managing risk, BTCS operates with a 40% Net Asset Value (“NAV”) leverage cap. This limit, encompassing the Company’s convertible debt and DeFi borrowing through Aave, is a cornerstone designed to enhance shareholder upside from Ethereum’s performance in a controlled manner. The following summarizes our estimated total assets, debt, and current debt-to-assets ratio as of July 11, 2025:

    • Total Crypto & Cash Assets: $96.3 million
    • Total Debt: $22.9 million
    • Current Debt-to-Assets Ratio: 24%

    DeFi/TradFi Accretion Flywheel
    BTCS is pioneering its distinctive capital formation strategy, coined the DeFi/TradFi flywheel, which is designed to utilize both decentralized and traditional finance to scale ETH holdings, leverage the Company’s vertically integrated operations, and ultimately drive shareholder value.

    This structure is designed to enable BTCS to grow revenue efficiently while maintaining transparency in our operations.

    Capital Structure Overview
    To help investors accurately assess BTCS’s intrinsic value and compare it with peers, we provide the following breakdown of our capital structure. This summary provides additional information to supplement our SEC filings.

    Equity Instrument Outstanding Fully Diluted
    Common Shares 30,804,144 30,804,144
    Common Shares – Subject to Forfeiture 1,149,801 1,149,801
    Convertible Debt (Conversion Price = $5.85)   1,334,679
    2025 Convert Warrants (Exercise Price = $2.75, exp. 5/13/2030)   988,766
    2021 RD Warrant (Exercise Price = $11.50, exp. 3/4/2026)   712,500
    Employee Options (Weighted Average Exercise Price = $2.22)   1,561,410
    Series V Preferred Stock (1)   16,004,738
    Total 31,953,945 52,556,038

    (1) Shareholders have authorized the board to convert to common stock. This includes approximately 1.1 million shares held by insiders, subject to forfeiture if market capitalization performance milestones are not met.

     

    About BTCS:
    BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements in this press release constitute “forward-looking statements” within Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 including statements regarding our fundraising goals, driving meaningful revenue growth, Ethereum infrastructure operations, leverage strategies, and potential business growth. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation market conditions, regulatory issues and requirements, unanticipated issues with our At-The-Market Offering facility, unexpected issues with Builder+, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events or otherwise, except as required by law.

    For more information follow us on:
    Twitter: https://x.com/NasdaqBTCS
    LinkedIn: https://www.linkedin.com/company/nasdaq-btcs
    Facebook: https://www.facebook.com/NasdaqBTCS

    Investor Relations:
    Charles Allen – CEO
    X (formerly Twitter): @Charles_BTCS
    Email: ir@btcs.com

    The MIL Network –

    July 14, 2025
  • MIL-OSI Russia: China’s economic and technological development zones will continue to promote the development of new-quality productive forces

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 14 (Xinhua) — National-level economic and technological development zones in China will continue to play an important role in developing new productive forces in line with local conditions, a guest speaker said at the latest edition of the China Economic Roundtable organized by Xinhua News Agency.

    Efforts will be aimed at strengthening integration and strengthening the relationship between scientific and technological innovation and industrial innovation, said Ji Xiaofeng, a spokesperson for the Department of Foreign Investment of the Ministry of Commerce of China.

    According to her, there are currently more than 700 state-level incubators and hackspaces operating in China’s state-level techno-economic development zones, as well as over 18 percent of the country’s total number of high-tech enterprises.

    “We will strive to build more industrial innovation platforms, while focusing on building the entire chain of product certification, large-scale production and testing, so as to strive to accelerate the transformation of technological innovation and industrial application of research results in national-level economic and technological development zones,” the official said.

    China will support national-level economic and technological development zones to carry out major technological transformation and upgrading, as well as large-scale equipment upgrades, to accelerate the transformation and upgrading of traditional industries, Ji Xiaofeng said.

    According to her, state-level economic and technological development zones will also develop emerging industries of strategic importance such as biomedicine, new energy, new materials and aerospace, and carry out long-term planning for future industries.

    China earlier this year unveiled a work plan encouraging national-level economic and technological development zones to develop new productive forces tailored to local conditions by building more industrial and scientific and technological innovation platforms and computing power infrastructure.

    In 1984, China established its first national-level economic development zone in the northeastern city of Dalian. By 2024, the number of such zones had reached 232, with a gross regional product of 16.9 trillion yuan (about $2.36 trillion). -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 14, 2025
  • MIL-OSI Russia: /Roundtable on China’s Economy/ Economic and Technological Development Zones Play Key Role in Attracting Foreign Investment

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 14 (Xinhua) — Since their establishment more than 40 years ago, China’s national-level Economic and Technological Development Zones have prioritized opening up and served as the “first tier” in promoting foreign trade and attracting foreign investment, said Ji Xiaofeng, spokesperson for the Foreign Investment Department of the Ministry of Commerce.

    For four decades, these zones have made continuous efforts to improve themselves and have been committed to building a high-quality, law-based business environment, Ji Xiaofeng said, speaking at the latest edition of the China Economy Roundtable hosted by Xinhua News Agency.

    By the end of 2024, China had established 232 state-level economic and technological development zones, which together housed more than 60,000 foreign-invested companies.

    Among them, Japanese electronics giant Panasonic was one of the first foreign investors in the Chinese market. Today, it has three subsidiaries in the Suzhou Industrial Park in East China’s Jiangsu Province.

    Suzhou Industrial Park ranks first among all national-level economic and technological development zones in China in terms of development level as of the end of 2024, maintaining the top position for the ninth consecutive year, according to an annual ranking released by the Ministry of Commerce.

    “The industrial park’s location, industrial chain and policy support make it very attractive to us and will bring great benefits to our investment and development not only in Suzhou but also in China as a whole,” said Zhao Bindi, president of Panasonic China.

    In May, China’s Ministry of Commerce released a work plan to further deepen reform and innovation in state-level economic and technological development zones, marking the latest move by China to strengthen the zones’ role in promoting high-level opening-up.

    “We have been witnesses and beneficiaries of China’s reform and opening up. As the country moves toward high-quality development, we remain committed to our continued growth here,” Zhao Bingdi said. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 14, 2025
  • MIL-OSI United Kingdom: Largest fund of its kind to support vulnerable kids & families

    Source: United Kingdom – Executive Government & Departments

    Press release

    Largest fund of its kind to support vulnerable kids & families

    The world’s largest fund of its kind will support vulnerable children and families across the country.

    • Chancellor launches new £500m Fund to break down barriers to opportunity for up to 200,000 vulnerable children and young people and deliver Plan for Change.
    • World’s largest fund of its kind will boost pupil achievement and could fund programmes to reduce reoffending or provide specialist workers for children struggling with exclusion, mental health or crime.
    • Better Futures Fund will run for ten years, with plans to raise another £500 million from local government, social investors, and philanthropists on top of government’s funding
    • The launch is backed today by groups including Save the Children UK, The King’s Trust and Oxford University’s Blavatnik School of Government.

    Struggling and vulnerable families and children are to be given a better start in life after a new government fund was announced today (Monday 14 July), which will provide them with the support and funding needed to access a better education, a safe home, and the caring supportive environment they need to flourish.

    The Better Futures Fund will support up to 200,000 children and their families over the next ten years by bringing together government, local communities, charities, social enterprises, investors, and philanthropists to work together to give children a brighter future.

    It could fund providing support in schools to improve attendance, behaviour and overall achievement of pupils, intervening to free children from a life of crime, and offering employment support to secure their futures.

    The fund, which is the largest of its kind in the world, will be launched by the Chancellor of the Exchequer Rachel Reeves at a visit to a school today in Wigan, hosted by the charity AllChild. It could fund providing support in schools to improve attendance and behaviour, intervening to free children from a life of crime, and offering employment support to secure their futures.

    By investing in early support to tackle challenges like school absence, addiction and re-offending, the fund will help give children the stability and opportunity they need to thrive – delivering on a key part of the Prime Minister’s Plan for Change to give every child the best start in life.

    It comes ahead of the government hosting the first Civil Society Summit this week, where the government will set out a comprehensive plan on how this government will partner with experts from outside the traditional corridors of power to create solutions that work for real people – all through the principles of fairness, collaboration and trust.

    Chancellor of the Exchequer Rachel Reeves said: 

    I got into politics to help children facing the toughest challenges. This fund will give hundreds of thousands of children, young people and their families a better chance. For too long, these children have been overlooked. Our Plan for Change will break down barriers to opportunity and give them the best start in life.

    Culture Secretary Lisa Nandy said: 

    This groundbreaking Better Futures Fund represents a major step in partnering with the impact economy, which has long played an important role in strengthening communities and driving inclusive growth.

    As part of the Plan for Change, we’re bringing together government, local authorities, charities, social enterprises and philanthropists to create a powerful alliance that will transform the lives of vulnerable children and young people.

    We owe them the best start in life. Together we will break down barriers to opportunity, ensuring those who need support most aren’t left behind and have the chance to reach their potential.

    Social Outcomes Partnerships have already been used with success across the UK, with over 180 commissioners using the model across the country. The Greater Manchester Better Outcomes Partnership (GMBOP), for example, works with young adults in the Greater Manchester area who are at risk of homelessness.

    AllChild’s projects have already halved persistent school absences, and 80% of children have improved emotional wellbeing. Other programmes like the Skill Mill offer paid work experience and qualifications, reducing reconviction rates from 63% typically to 8% and three quarters of those in the programme progress to further employment, education or training.

    This fund is a big step in the government’s work with the impact economy – unlocking extra resources from philanthropy, social investors and businesses to tackle urgent social challenges. Today’s announcement comes as the government’s Child Poverty Strategy is to be published in autumn to ensure it delivers fully funded measures that tackle the structural and root causes of child poverty across the UK.

    The launch is backed today by groups including Save the Children UK, The King’s Trust and Oxford University’s Blavatnik School of Government.

    Today’s announcement is informed by consultation with the Social Impact Investment Advisory Group and other representatives from civil society, purpose-driven business, and local government. Over the coming months Government will build on this and develop a strategic approach to working with the impact economy, who have long played an important role across the UK economy in unlocking innovation, driving inclusive growth and strengthening community resilience.

    Chief Secretary to the Treasury Darren Jones said:

    Partnering with impact capital to tackle child poverty was a personal priority for me coming into government – which is why I set up the Social Impact Investment Advisory Group to advise on the development of this brilliant fund, which we’ve been delighted to support as a government. I’d like to thank Dame Elizabeth Corley for chairing the group and all the members for their hard work.

    Louisa Mitchell MBE, Chief Executive Officer, AllChild said: 

    I warmly welcome the government’s Better Futures Fund as a pivotal step toward transforming how we support children and families across the country. It’s vital that children engage with the right support and opportunities, at the right time, in the right way. Holistic support that is rooted in each child’s local community, builds on their strengths, and places trust and relationships at the heart of delivery.

    I hope this fund will be a catalyst for a new way of working – one which prioritises prevention, shared accountability for locally identified outcomes, and genuine cross-sector partnerships. This is how we can ensure every child no matter where they live has the support and opportunities they need to flourish.

    Richard Rigby, Head of UK Government Affairs, The King’s Trust said:

    At The King’s Trust, we know that timely support can change the course of a young person’s life. Potential is everywhere but opportunity is not. The Better Futures Fund is an investment in the potential of young people who are too often left behind. We welcome this commitment to early intervention and collaboration with organisations like ours to tackle inequalities and help young people build brighter, more secure futures. By getting behind young people, we can all help to make the UK a healthier, wealthier, more positive and cohesive place.” 

    Further details on the fund will be set out in due course. It will be delivered by the Department for Culture, Media and Sport.

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    Published 14 July 2025

    MIL OSI United Kingdom –

    July 14, 2025
  • MIL-OSI: Click Holdings Limited (CLIK) Pioneers Cryptocurrency Revolution in Senior Care: Exploring $100M Treasury in Bitcoin and Solana to Drive Innovation in the Booming Silver Economy

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, July 14, 2025 (GLOBE NEWSWIRE) — Click Holdings Limited (“Click Holdings” or “we” or “us”, NASDAQ: CLIK) and its subsidiaries (collectively, the “Company”), a leading human resources and senior care solutions provider based in Hong Kong, today announced its senior services sector. By integrating secure cryptocurrency solutions, including building a substantial treasury in Bitcoin and Solana, and developing crypto-enabled payment systems, CLIK aims to revolutionize payment efficiency, transparency, and accessibility for its growing portfolio of senior care services.

    CLIK’s exploration focuses on harnessing the power of cryptocurrencies to enhance its core offerings while capitalize on the appreciating value of these assets. CLIK is evaluating the development of a cryptocurrency treasury, with a particular emphasis on Bitcoin and Solana. This treasury could scale up to a value of US$100 million as the first step, and shall escalate further alongside business expansion.

    In addition, CLIK is exploring the implementation of cryptocurrency-enabled payment systems to enhance the efficiency and security of salary disbursements for its talent pool of over 20,500 registered professionals. CLIK is also assessing the potential of crypto-enabled payments to streamline billing processes for customers who opt to transact using cryptocurrency.

    “This initiative represents a bold step forward for CLIK, merging financial innovation with our mission to empower seniors through reliable, modern services,” said Jeffrey Chan, CEO of Click Holdings. “As the Silver Economy surges—driven by an aging population with significant spending power—we see immense potential in cryptocurrency to streamline operations, attract tech-savvy investors, and unlock new revenue streams. By building a robust Bitcoin and Solana treasury and integrating crypto payments, we’re not just adapting to the future; we’re leading it, delivering enhanced value to our shareholders through innovation and growth.”

    CLIK remains committed to regulatory compliance and will conduct thorough feasibility studies, including risk assessments and pilot programs, to ensure these innovations align with global standards and deliver tangible benefits to seniors and their families.

    About Click Holdings Limited

    Click Holdings Limited (NASDAQ: CLIK) is a Hong Kong-based leader in AI-powered human resources and senior care solutions. Through its proprietary platform, CLIK connects clients with a talent pool of over 20,500 professionals, serving nursing, logistics, and professional services sectors.

    For more information, please visit https://clicksc.com.hk.

    Safe Harbor Statement

    This press release contains 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 “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” 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 in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

    For enquiry, please contact:

    Click Holdings Limited
    Unit 1709-11, 17/F
    Tower 2, The Gateway
    Harbour City, Kowloon
    Hong Kong
    Email: jack.wong@jfy.hk
    Phone: +852 2691 8200

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Click Holdings Limited (CLIK) Pioneers Cryptocurrency Revolution in Senior Care: Exploring $100M Treasury in Bitcoin and Solana to Drive Innovation in the Booming Silver Economy

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, July 14, 2025 (GLOBE NEWSWIRE) — Click Holdings Limited (“Click Holdings” or “we” or “us”, NASDAQ: CLIK) and its subsidiaries (collectively, the “Company”), a leading human resources and senior care solutions provider based in Hong Kong, today announced its senior services sector. By integrating secure cryptocurrency solutions, including building a substantial treasury in Bitcoin and Solana, and developing crypto-enabled payment systems, CLIK aims to revolutionize payment efficiency, transparency, and accessibility for its growing portfolio of senior care services.

    CLIK’s exploration focuses on harnessing the power of cryptocurrencies to enhance its core offerings while capitalize on the appreciating value of these assets. CLIK is evaluating the development of a cryptocurrency treasury, with a particular emphasis on Bitcoin and Solana. This treasury could scale up to a value of US$100 million as the first step, and shall escalate further alongside business expansion.

    In addition, CLIK is exploring the implementation of cryptocurrency-enabled payment systems to enhance the efficiency and security of salary disbursements for its talent pool of over 20,500 registered professionals. CLIK is also assessing the potential of crypto-enabled payments to streamline billing processes for customers who opt to transact using cryptocurrency.

    “This initiative represents a bold step forward for CLIK, merging financial innovation with our mission to empower seniors through reliable, modern services,” said Jeffrey Chan, CEO of Click Holdings. “As the Silver Economy surges—driven by an aging population with significant spending power—we see immense potential in cryptocurrency to streamline operations, attract tech-savvy investors, and unlock new revenue streams. By building a robust Bitcoin and Solana treasury and integrating crypto payments, we’re not just adapting to the future; we’re leading it, delivering enhanced value to our shareholders through innovation and growth.”

    CLIK remains committed to regulatory compliance and will conduct thorough feasibility studies, including risk assessments and pilot programs, to ensure these innovations align with global standards and deliver tangible benefits to seniors and their families.

    About Click Holdings Limited

    Click Holdings Limited (NASDAQ: CLIK) is a Hong Kong-based leader in AI-powered human resources and senior care solutions. Through its proprietary platform, CLIK connects clients with a talent pool of over 20,500 professionals, serving nursing, logistics, and professional services sectors.

    For more information, please visit https://clicksc.com.hk.

    Safe Harbor Statement

    This press release contains 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 “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” 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 in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

    For enquiry, please contact:

    Click Holdings Limited
    Unit 1709-11, 17/F
    Tower 2, The Gateway
    Harbour City, Kowloon
    Hong Kong
    Email: jack.wong@jfy.hk
    Phone: +852 2691 8200

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Click Holdings Limited (CLIK) Pioneers Cryptocurrency Revolution in Senior Care: Exploring $100M Treasury in Bitcoin and Solana to Drive Innovation in the Booming Silver Economy

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, July 14, 2025 (GLOBE NEWSWIRE) — Click Holdings Limited (“Click Holdings” or “we” or “us”, NASDAQ: CLIK) and its subsidiaries (collectively, the “Company”), a leading human resources and senior care solutions provider based in Hong Kong, today announced its senior services sector. By integrating secure cryptocurrency solutions, including building a substantial treasury in Bitcoin and Solana, and developing crypto-enabled payment systems, CLIK aims to revolutionize payment efficiency, transparency, and accessibility for its growing portfolio of senior care services.

    CLIK’s exploration focuses on harnessing the power of cryptocurrencies to enhance its core offerings while capitalize on the appreciating value of these assets. CLIK is evaluating the development of a cryptocurrency treasury, with a particular emphasis on Bitcoin and Solana. This treasury could scale up to a value of US$100 million as the first step, and shall escalate further alongside business expansion.

    In addition, CLIK is exploring the implementation of cryptocurrency-enabled payment systems to enhance the efficiency and security of salary disbursements for its talent pool of over 20,500 registered professionals. CLIK is also assessing the potential of crypto-enabled payments to streamline billing processes for customers who opt to transact using cryptocurrency.

    “This initiative represents a bold step forward for CLIK, merging financial innovation with our mission to empower seniors through reliable, modern services,” said Jeffrey Chan, CEO of Click Holdings. “As the Silver Economy surges—driven by an aging population with significant spending power—we see immense potential in cryptocurrency to streamline operations, attract tech-savvy investors, and unlock new revenue streams. By building a robust Bitcoin and Solana treasury and integrating crypto payments, we’re not just adapting to the future; we’re leading it, delivering enhanced value to our shareholders through innovation and growth.”

    CLIK remains committed to regulatory compliance and will conduct thorough feasibility studies, including risk assessments and pilot programs, to ensure these innovations align with global standards and deliver tangible benefits to seniors and their families.

    About Click Holdings Limited

    Click Holdings Limited (NASDAQ: CLIK) is a Hong Kong-based leader in AI-powered human resources and senior care solutions. Through its proprietary platform, CLIK connects clients with a talent pool of over 20,500 professionals, serving nursing, logistics, and professional services sectors.

    For more information, please visit https://clicksc.com.hk.

    Safe Harbor Statement

    This press release contains 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 “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” 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 in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

    For enquiry, please contact:

    Click Holdings Limited
    Unit 1709-11, 17/F
    Tower 2, The Gateway
    Harbour City, Kowloon
    Hong Kong
    Email: jack.wong@jfy.hk
    Phone: +852 2691 8200

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Click Holdings Limited (CLIK) Pioneers Cryptocurrency Revolution in Senior Care: Exploring $100M Treasury in Bitcoin and Solana to Drive Innovation in the Booming Silver Economy

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, July 14, 2025 (GLOBE NEWSWIRE) — Click Holdings Limited (“Click Holdings” or “we” or “us”, NASDAQ: CLIK) and its subsidiaries (collectively, the “Company”), a leading human resources and senior care solutions provider based in Hong Kong, today announced its senior services sector. By integrating secure cryptocurrency solutions, including building a substantial treasury in Bitcoin and Solana, and developing crypto-enabled payment systems, CLIK aims to revolutionize payment efficiency, transparency, and accessibility for its growing portfolio of senior care services.

    CLIK’s exploration focuses on harnessing the power of cryptocurrencies to enhance its core offerings while capitalize on the appreciating value of these assets. CLIK is evaluating the development of a cryptocurrency treasury, with a particular emphasis on Bitcoin and Solana. This treasury could scale up to a value of US$100 million as the first step, and shall escalate further alongside business expansion.

    In addition, CLIK is exploring the implementation of cryptocurrency-enabled payment systems to enhance the efficiency and security of salary disbursements for its talent pool of over 20,500 registered professionals. CLIK is also assessing the potential of crypto-enabled payments to streamline billing processes for customers who opt to transact using cryptocurrency.

    “This initiative represents a bold step forward for CLIK, merging financial innovation with our mission to empower seniors through reliable, modern services,” said Jeffrey Chan, CEO of Click Holdings. “As the Silver Economy surges—driven by an aging population with significant spending power—we see immense potential in cryptocurrency to streamline operations, attract tech-savvy investors, and unlock new revenue streams. By building a robust Bitcoin and Solana treasury and integrating crypto payments, we’re not just adapting to the future; we’re leading it, delivering enhanced value to our shareholders through innovation and growth.”

    CLIK remains committed to regulatory compliance and will conduct thorough feasibility studies, including risk assessments and pilot programs, to ensure these innovations align with global standards and deliver tangible benefits to seniors and their families.

    About Click Holdings Limited

    Click Holdings Limited (NASDAQ: CLIK) is a Hong Kong-based leader in AI-powered human resources and senior care solutions. Through its proprietary platform, CLIK connects clients with a talent pool of over 20,500 professionals, serving nursing, logistics, and professional services sectors.

    For more information, please visit https://clicksc.com.hk.

    Safe Harbor Statement

    This press release contains 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 “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” 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 in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

    For enquiry, please contact:

    Click Holdings Limited
    Unit 1709-11, 17/F
    Tower 2, The Gateway
    Harbour City, Kowloon
    Hong Kong
    Email: jack.wong@jfy.hk
    Phone: +852 2691 8200

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Tower Semiconductor Announces Second Quarter 2025 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    MIGDAL HAEMEK, Israel – July 14, 2025 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high value analog semiconductor solutions, will issue its second quarter 2025 earnings release on Monday, August 4, 2025. The Company will hold a conference call to discuss its second quarter 2025 financial results and third quarter 2025 guidance on Monday, August 4, 2025, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time).

    The call will be webcast live and accessible via the Investor Relations section of Tower Semiconductor’s website at https://ir.towersemi.com/. The pre-registration form required for dial-in participation is available both on the Investor Relations section and the Company’s homepage at https://www.towersemi.com. Upon completing registration, participants will receive dial-in details, a unique PIN, and a confirmation email with all necessary information. The teleconference will be available for replay for 90 days.

    About Tower Semiconductor         

    Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns one operating facility in Israel (200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy with STMicroelectronics as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: www.towersemi.com.

    ###

    Contact Information:
    Liat Avraham
    Investor Relations
    liatavra@towersemi.com | +972 4 650 6154

    Attachment

    • TSEM_Tower_Q22025_PRDate_1

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Tower Semiconductor Announces Second Quarter 2025 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    MIGDAL HAEMEK, Israel – July 14, 2025 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high value analog semiconductor solutions, will issue its second quarter 2025 earnings release on Monday, August 4, 2025. The Company will hold a conference call to discuss its second quarter 2025 financial results and third quarter 2025 guidance on Monday, August 4, 2025, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time).

    The call will be webcast live and accessible via the Investor Relations section of Tower Semiconductor’s website at https://ir.towersemi.com/. The pre-registration form required for dial-in participation is available both on the Investor Relations section and the Company’s homepage at https://www.towersemi.com. Upon completing registration, participants will receive dial-in details, a unique PIN, and a confirmation email with all necessary information. The teleconference will be available for replay for 90 days.

    About Tower Semiconductor         

    Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns one operating facility in Israel (200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy with STMicroelectronics as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: www.towersemi.com.

    ###

    Contact Information:
    Liat Avraham
    Investor Relations
    liatavra@towersemi.com | +972 4 650 6154

    Attachment

    • TSEM_Tower_Q22025_PRDate_1

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Tower Semiconductor Announces Second Quarter 2025 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    MIGDAL HAEMEK, Israel – July 14, 2025 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high value analog semiconductor solutions, will issue its second quarter 2025 earnings release on Monday, August 4, 2025. The Company will hold a conference call to discuss its second quarter 2025 financial results and third quarter 2025 guidance on Monday, August 4, 2025, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time).

    The call will be webcast live and accessible via the Investor Relations section of Tower Semiconductor’s website at https://ir.towersemi.com/. The pre-registration form required for dial-in participation is available both on the Investor Relations section and the Company’s homepage at https://www.towersemi.com. Upon completing registration, participants will receive dial-in details, a unique PIN, and a confirmation email with all necessary information. The teleconference will be available for replay for 90 days.

    About Tower Semiconductor         

    Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns one operating facility in Israel (200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy with STMicroelectronics as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: www.towersemi.com.

    ###

    Contact Information:
    Liat Avraham
    Investor Relations
    liatavra@towersemi.com | +972 4 650 6154

    Attachment

    • TSEM_Tower_Q22025_PRDate_1

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Mercurity Fintech Launches $500 Million “DeFi Basket” Treasury with Emphasis on Solana Ecosystem Integration

    Source: GlobeNewswire (MIL-OSI)

    New York, July 14, 2025 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (“MFH” or the “Company”) (Nasdaq: MFH), a blockchain-powered fintech group, today announced the launch of its $500 million “DeFi Basket” Treasury — marking a significant expansion of the company’s on-chain strategy and treasury diversification roadmap.

    This plan represents a strategic evolution in MFH’s decentralized finance (DeFi) treasury strategy, signaling an entry into institutional-grade, high-utility, yield-generating DeFi ecosystems. By allocating capital to a broader selection of established digital assets, MFH aims to deepen its participation in on-chain financial infrastructure while enhancing balance sheet diversification and potential returns.

    Strategic Objectives and Execution Plan
    The DeFi treasury will initially focus on building a diversified portfolio of high-utility digital assets with established market positions and institutional adoption. MFH intends to acquire these assets through a combination of existing cash reserves and future fundraising proceeds, subject to market conditions and regulatory compliance.

    In the first phase, MFH will prioritize building a long-term position in Solana, reflecting the Company’s assessment of the network’s scalability, institutional adoption potential, and ecosystem growth. The Company plans to systematically accumulate SOL and operate validator nodes to support the network while generating on-chain staking rewards. This marks the beginning of MFH’s deeper integration into the Solana ecosystem.

    “As a blockchain-powered technology company, MFH’s culture and DNA are rooted in innovation and forward-thinking,” said Wilfred Daye, CSO of MFH. “This expanded treasury strategy, alongside our evolution toward blockchain-based business models, demonstrates our ambition to become a category leader in the digital asset industry while delivering long-term value to our shareholders.”

    Risk Management and Compliance Framework
    All digital asset acquisitions and deployment strategies will be subject to risk management protocols, regulatory compliance requirements, and investment guidelines. The Company will establish institutional-grade operational procedures to ensure asset security and regulatory adherence.

    About Mercurity Fintech Holding Inc.
    Mercurity Fintech Holding Inc. (NASDAQ: MFH) is a fintech group powered by blockchain infrastructure, offering technology and financial services. Through its subsidiaries, including Chaince Securities, LLC, MFH aims to bridge traditional finance and digital innovation across digital asset management, financial advisory, and capital markets solutions.

    Forward-Looking Statements
    This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends 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 “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update 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.

    Contacts:
    International Elite Capital Inc.
    Annabelle Zhang
    Tel: +1(646) 866-7928
    Email: mfhfintech@iecapitalusa.com 

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Mercurity Fintech Launches $500 Million “DeFi Basket” Treasury with Emphasis on Solana Ecosystem Integration

    Source: GlobeNewswire (MIL-OSI)

    New York, July 14, 2025 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (“MFH” or the “Company”) (Nasdaq: MFH), a blockchain-powered fintech group, today announced the launch of its $500 million “DeFi Basket” Treasury — marking a significant expansion of the company’s on-chain strategy and treasury diversification roadmap.

    This plan represents a strategic evolution in MFH’s decentralized finance (DeFi) treasury strategy, signaling an entry into institutional-grade, high-utility, yield-generating DeFi ecosystems. By allocating capital to a broader selection of established digital assets, MFH aims to deepen its participation in on-chain financial infrastructure while enhancing balance sheet diversification and potential returns.

    Strategic Objectives and Execution Plan
    The DeFi treasury will initially focus on building a diversified portfolio of high-utility digital assets with established market positions and institutional adoption. MFH intends to acquire these assets through a combination of existing cash reserves and future fundraising proceeds, subject to market conditions and regulatory compliance.

    In the first phase, MFH will prioritize building a long-term position in Solana, reflecting the Company’s assessment of the network’s scalability, institutional adoption potential, and ecosystem growth. The Company plans to systematically accumulate SOL and operate validator nodes to support the network while generating on-chain staking rewards. This marks the beginning of MFH’s deeper integration into the Solana ecosystem.

    “As a blockchain-powered technology company, MFH’s culture and DNA are rooted in innovation and forward-thinking,” said Wilfred Daye, CSO of MFH. “This expanded treasury strategy, alongside our evolution toward blockchain-based business models, demonstrates our ambition to become a category leader in the digital asset industry while delivering long-term value to our shareholders.”

    Risk Management and Compliance Framework
    All digital asset acquisitions and deployment strategies will be subject to risk management protocols, regulatory compliance requirements, and investment guidelines. The Company will establish institutional-grade operational procedures to ensure asset security and regulatory adherence.

    About Mercurity Fintech Holding Inc.
    Mercurity Fintech Holding Inc. (NASDAQ: MFH) is a fintech group powered by blockchain infrastructure, offering technology and financial services. Through its subsidiaries, including Chaince Securities, LLC, MFH aims to bridge traditional finance and digital innovation across digital asset management, financial advisory, and capital markets solutions.

    Forward-Looking Statements
    This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends 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 “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update 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.

    Contacts:
    International Elite Capital Inc.
    Annabelle Zhang
    Tel: +1(646) 866-7928
    Email: mfhfintech@iecapitalusa.com 

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Enerflex Ltd. Announces Extension of Revolving Credit Facility and Timing of Second Quarter Release

    Source: GlobeNewswire (MIL-OSI)

    All amounts presented in this release are in U.S. Dollar (“USD”) unless otherwise stated.

    CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) is pleased to announce that the Company has entered into an amended and restated credit agreement dated July 11, 2025 with respect to its syndicated secured revolving credit facility (the “RCF”). The maturity date of the RCF has been extended by three years to July 11, 2028 and availability is unchanged at $800 million. As at March 31, 2025, the Company had drawn $117 million on its RCF. Led by the Royal Bank of Canada as agent, Enerflex received renewed lending commitments from all current syndicate members.

    The Company also continues to maintain a $70 million unsecured credit facility (the “LC Facility”) with one of the lenders in its RCF syndicate. The LC Facility is supported by performance security guarantees provided by Export Development Canada.

    Joe Ladouceur, Enerflex’s CFO (Interim), commented, “We appreciate the strong support and continued partnership from our lending syndicate. The renewal of the RCF provides Enerflex with strong liquidity and improved terms, supporting efforts to deliver long-term growth and value creation for Enerflex shareholders.

    Enerflex’s near-term priorities remain unchanged and include: (1) enhancing the profitability of core operations; (2) leveraging the Company’s leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to further strengthen Enerflex’s financial position, provide direct shareholder returns, and invest in selective customer supported growth opportunities.”

    Q2 Earnings Release

    Enerflex plans to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025. Results will be communicated by news release and will be available on the Company’s website at www.enerflex.com and under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.

    Investors, analysts, members of the media, and other interested parties, are invited to listen to or participate in a conference call and audio webcast on Thursday, August 7, 2025 at 8:00 a.m. (MDT), where members of senior management will discuss the Company’s results. A question-and-answer period will follow.

    Those wishing to listen or participate may register at https://register-conf.media-server.com/register/BI5f86b18a965d4257a4408154efdc3493. Once registered, participants will receive the dial-in numbers and a unique PIN to enter the call. The audio webcast of the conference call will be available on the Enerflex website at www.enerflex.com under the Investors section or can be accessed directly at https://edge.media-server.com/mmc/p/b7388nss/.

    ADVISORY REGARDING FORWARD-LOOKING INFORMATION

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” (and together with “forward-looking information”, “FLI”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are FLI. The use of any of the words “efforts”, “expected”, “may”, “plan”, “will”, and similar expressions, are intended to identify FLI. In particular, this news release includes (without limitation) FLI pertaining to the Company’s (i) continuing efforts to deliver long-term growth and value creation for Enerflex shareholders and the nature and success of such efforts, if at all; (ii) expectations for increases in natural gas and produced water volumes and the ability of the Company to capitalize on these increases; (iii) ability to continue to deliver direct shareholder returns; and (iv) expectation to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025.

    FLI reflects management’s current beliefs and assumptions with respect to such things as the impact of general economic conditions; commodity prices; the markets in which Enerflex’s products and services are used; general industry conditions, forecasts, and trends; changes to, and introduction of new, governmental regulations, laws, and income taxes; increased competition; availability of qualified personnel; political unrest and geopolitical conditions; and other factors, many of which are beyond the control of Enerflex. More specifically, Enerflex’s expectations in respect of its FLI are based on a number of assumptions, estimates and projections developed based on past experience and anticipated trends and, in respect of increases in natural gas and produced water volumes, industry third party data. As a result of the foregoing, actual results, performance, or achievements of Enerflex could differ and such differences could be material from those expressed in, or implied by, the FLI. The principal risks, uncertainties and other factors affecting Enerflex and its business are identified under the heading “Risk Factors” in: (i) Enerflex’s Annual Information Form for the year ended December 31, 2024, dated February 27, 2025; and (ii) Enerflex’s Annual Report dated February 26, 2025, copies of which are available under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.

    Readers are cautioned that the foregoing list of assumptions and risk factors should not be construed as exhaustive. The FLI included in this news release are made as of the date of this news release and are based on the information available to the Company at such time and, other than as required by law, Enerflex disclaims any intention or obligation to update or revise any FLI, whether as a result of new information, future events, or otherwise. This news release and its contents should not be construed, under any circumstances, as investment, tax, or legal advice.

    ABOUT ENERFLEX

    Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions. With over 4,600 engineers, manufacturers, technicians, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts.

    Enerflex’s common shares trade on the Toronto Stock Exchange under the symbol “EFX” and on the New York Stock Exchange under the symbol “EFXT”. For more information about Enerflex, visit www.enerflex.com.

    For investor and media enquiries, contact:

    Preet S. Dhindsa
    President and Chief Executive Officer (Interim)
    E-mail: PDhindsa@enerflex.com

    Joe Ladouceur
    Chief Financial Officer (Interim)
    E-mail: JLadouceur@enerflex.com

    Jeff Fetterly
    Vice President, Corporate Development and Capital Markets
    E-mail: JFetterly@enerflex.com

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Enerflex Ltd. Announces Extension of Revolving Credit Facility and Timing of Second Quarter Release

    Source: GlobeNewswire (MIL-OSI)

    All amounts presented in this release are in U.S. Dollar (“USD”) unless otherwise stated.

    CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) is pleased to announce that the Company has entered into an amended and restated credit agreement dated July 11, 2025 with respect to its syndicated secured revolving credit facility (the “RCF”). The maturity date of the RCF has been extended by three years to July 11, 2028 and availability is unchanged at $800 million. As at March 31, 2025, the Company had drawn $117 million on its RCF. Led by the Royal Bank of Canada as agent, Enerflex received renewed lending commitments from all current syndicate members.

    The Company also continues to maintain a $70 million unsecured credit facility (the “LC Facility”) with one of the lenders in its RCF syndicate. The LC Facility is supported by performance security guarantees provided by Export Development Canada.

    Joe Ladouceur, Enerflex’s CFO (Interim), commented, “We appreciate the strong support and continued partnership from our lending syndicate. The renewal of the RCF provides Enerflex with strong liquidity and improved terms, supporting efforts to deliver long-term growth and value creation for Enerflex shareholders.

    Enerflex’s near-term priorities remain unchanged and include: (1) enhancing the profitability of core operations; (2) leveraging the Company’s leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to further strengthen Enerflex’s financial position, provide direct shareholder returns, and invest in selective customer supported growth opportunities.”

    Q2 Earnings Release

    Enerflex plans to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025. Results will be communicated by news release and will be available on the Company’s website at www.enerflex.com and under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.

    Investors, analysts, members of the media, and other interested parties, are invited to listen to or participate in a conference call and audio webcast on Thursday, August 7, 2025 at 8:00 a.m. (MDT), where members of senior management will discuss the Company’s results. A question-and-answer period will follow.

    Those wishing to listen or participate may register at https://register-conf.media-server.com/register/BI5f86b18a965d4257a4408154efdc3493. Once registered, participants will receive the dial-in numbers and a unique PIN to enter the call. The audio webcast of the conference call will be available on the Enerflex website at www.enerflex.com under the Investors section or can be accessed directly at https://edge.media-server.com/mmc/p/b7388nss/.

    ADVISORY REGARDING FORWARD-LOOKING INFORMATION

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” (and together with “forward-looking information”, “FLI”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are FLI. The use of any of the words “efforts”, “expected”, “may”, “plan”, “will”, and similar expressions, are intended to identify FLI. In particular, this news release includes (without limitation) FLI pertaining to the Company’s (i) continuing efforts to deliver long-term growth and value creation for Enerflex shareholders and the nature and success of such efforts, if at all; (ii) expectations for increases in natural gas and produced water volumes and the ability of the Company to capitalize on these increases; (iii) ability to continue to deliver direct shareholder returns; and (iv) expectation to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025.

    FLI reflects management’s current beliefs and assumptions with respect to such things as the impact of general economic conditions; commodity prices; the markets in which Enerflex’s products and services are used; general industry conditions, forecasts, and trends; changes to, and introduction of new, governmental regulations, laws, and income taxes; increased competition; availability of qualified personnel; political unrest and geopolitical conditions; and other factors, many of which are beyond the control of Enerflex. More specifically, Enerflex’s expectations in respect of its FLI are based on a number of assumptions, estimates and projections developed based on past experience and anticipated trends and, in respect of increases in natural gas and produced water volumes, industry third party data. As a result of the foregoing, actual results, performance, or achievements of Enerflex could differ and such differences could be material from those expressed in, or implied by, the FLI. The principal risks, uncertainties and other factors affecting Enerflex and its business are identified under the heading “Risk Factors” in: (i) Enerflex’s Annual Information Form for the year ended December 31, 2024, dated February 27, 2025; and (ii) Enerflex’s Annual Report dated February 26, 2025, copies of which are available under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.

    Readers are cautioned that the foregoing list of assumptions and risk factors should not be construed as exhaustive. The FLI included in this news release are made as of the date of this news release and are based on the information available to the Company at such time and, other than as required by law, Enerflex disclaims any intention or obligation to update or revise any FLI, whether as a result of new information, future events, or otherwise. This news release and its contents should not be construed, under any circumstances, as investment, tax, or legal advice.

    ABOUT ENERFLEX

    Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions. With over 4,600 engineers, manufacturers, technicians, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts.

    Enerflex’s common shares trade on the Toronto Stock Exchange under the symbol “EFX” and on the New York Stock Exchange under the symbol “EFXT”. For more information about Enerflex, visit www.enerflex.com.

    For investor and media enquiries, contact:

    Preet S. Dhindsa
    President and Chief Executive Officer (Interim)
    E-mail: PDhindsa@enerflex.com

    Joe Ladouceur
    Chief Financial Officer (Interim)
    E-mail: JLadouceur@enerflex.com

    Jeff Fetterly
    Vice President, Corporate Development and Capital Markets
    E-mail: JFetterly@enerflex.com

    The MIL Network –

    July 14, 2025
  • MIL-OSI Europe: Italy: EIB and Mediobanca make available €200 million in new finance to microenterprises and female-led entrepreneurs

    Source: European Investment Bank

    EIB

    • A €100 million loan has been granted by the EIB to Mediobanca to improve access to finance for Italian small businesses
    • The agreement aims to mobilise up to €200 million in new finance for the real economy
    • 60% of the funding will be earmarked for microenterprises and 20% for gender equality and women’s economic empowerment, with also a focus on regions in central and southern Italy

    The European Investment Bank (EIB) and Mediobanca have signed a new €100 million agreement designed to improve access to credit for Italian small and medium-sized enterprises (SMEs), with a particular focus on microenterprises, female-led entrepreneurs and businesses operating in cohesion regions.

    This €100 million contract was signed by EIB Vice-President Gelsomina Vigliotti and Group Chief Financial Officer of Mediobanca Emanuele Flappini. This is the first agreement between the EIB and Mediobanca in which the funds will be primarily intermediated by Mediobanca’s subsidiary, Compass Banca. It is estimated that the EIB’s funding will help unlock up to €200 million of new finance for the real economy.

    The funds made available by the EIB will be deployed by Mediobanca in the form of new loans on favourable terms, aimed at boosting the competitiveness of beneficiary companies and fostering new investments. Of the total financing for Italian small businesses, 60% of the funds will be reserved for microenterprises (companies with fewer than 10 employees), while 20% will be allocated to companies led by women or to projects that contributes to promote gender equality. Special attention will be paid also to companies operating in cohesion regions in central and southern Italy.

    EIB Vice-President Gelsomina Vigliotti said: “Supporting access to credit for microenterprises, female-led entrepreneurs and businesses operating in less developed regions of Italy means investing in the future of the country. Inclusion and territorial development are two key pillars of the EIB’s investment strategy: no real growth can prosper unless it is equally distributed, and no innovation exists if whole regions or segments of the working population are excluded. With this agreement, we aim to make the Italian economy more cohesive, dynamic and sustainable.”

    Group Chief Financial Officer of Mediobanca Emanuele Flappini said: “Promoting the growth of Italian companies has always been our goal, a commitment that has gradually adapted to the changing needs of today’s economy, which now mostly comprises small and medium-sized businesses. We are therefore delighted to begin this collaboration with the European Investment Bank. We aim to commit more funds to microenterprises, paying particular attention to female entrepreneurs and areas of the country facing major difficulties, and in this way develop a plan enabling us to express ‘responsible banking’ values, a distinctive factor of our DNA, which will help create a more cohesive, dynamic and sustainable Italian economy.”

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality. In the last five years, the EIB Group has provided more than €58 billion in financing for projects in Italy. All projects financed by the EIB Group are in line with the Paris Climate Agreement. The EIB Group does not fund investments in fossil fuels. We are on track to deliver on our commitment to support €1 trillion in climate and environmental sustainability investment in the decade to 2030 as pledged in our Climate Bank Roadmap. Over half of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation and adaptation, and a healthier environment. Around half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower.

    MIL OSI Europe News –

    July 14, 2025
  • MIL-OSI Europe: Text adopted – Future of the EU biotechnology and biomanufacturing sector: leveraging research, boosting innovation and enhancing competitiveness – P10_TA(2025)0165 – Thursday, 10 July 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to the Treaty on the Functioning of the European Union (TFEU), in particular Articles 9, 151, 152, 153(1) and (2) thereof, as well as Articles 173 and 179 thereof, which concern EU industrial policy and research and refer to, among other things, the competitiveness of the Union’s industry and the strengthening of the Union’s scientific and technological bases,

    –  having regard to the Treaty on European Union, in particular Article 5(3) thereof and Protocol No 2 thereto on the application of the principles of subsidiarity and proportionality,

    –  having regard to the Commission communication of 20 March 2024 entitled ‘Building the future with nature: Boosting Biotechnology and Biomanufacturing in the EU’ (COM(2024)0137),

    –  having regard to the report by Mario Draghi of 9 September 2024 entitled ‘The future of European competitiveness’,

    –  having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

    –  having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

    –  having regard to the Commission communication of 11 December 2019 entitled ‘The European Green Deal’ (COM(2019)0640),

    –  having regard to the report by Enrico Letta of 10 April 2024 entitled ‘Much more than a market’,

    –  having regard to the Commission communication of 19 February 2025 entitled ‘A Vision for Agriculture and Food – Shaping together an attractive farming and agri-food sector for future generations’ (COM(2025)0075),

    –  having regard to Rule 55 and Rule 148(2) of its Rules of Procedure,

    –  having regard to the report of the Committee on Industry, Research and Energy (A10-0123/2025),

    A.  whereas the EU biotechnology and biomanufacturing sector has been recognised as one of 10 strategic technology sectors for Europe’s competitiveness, economic security and sustainability; whereas the sector is characterised by very high productivity, growth and employment, and delivers globally competitive, cutting-edge solutions in healthcare, life sciences, industrial production and transformation, sustainable biomanufacturing, energy and food security; whereas biotechnology and biomanufacturing are important enablers of the bioeconomy at large; whereas biotechnology and biomanufacturing can help enhance the EU’s strategic autonomy, resilience and circularity by reducing industry’s dependency on fossil-based input and other external dependencies in various sectors; whereas the biotechnology and biomanufacturing sector still faces regulatory and financial obstacles and an incomplete internal market; whereas the Commission is expected to present an EU biotech act, an updated EU bioeconomy strategy, an EU life sciences strategy, an EU innovation act and an EU circular economy act;

    B.  whereas according to the Organisation for Economic Co-operation and Development (OECD), biotechnology is defined as the application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services; whereas biomanufacturing is not clearly defined and the Commission should therefore propose such a definition; whereas a definition of biomanufacturing should be future-proof, open to scientific and technological developments, and technology neutral, so as to broadly encompass the use of biotechnology or other technologies for the production of bio-based material products and solutions including, but not limited to, chemical, mechanical or thermal processes;

    C.  whereas the biotech and biomanufacturing industries have led the development and deployment of breakthrough innovations in healthcare, such as mRNA-based vaccines; whereas biotechnology processes can be used to manufacture active pharmaceutical ingredients and key manufacturing inputs for medicines;

    D.  whereas the COVID-19 pandemic highlighted the importance of having robust raw material value chains and manufacturing capabilities within Europe, to ensure security of supply of critical products and to mitigate shortages, for example of essential medicines;

    E.  whereas artificial intelligence (AI) can help drive biotechnology innovation – e.g. in personalised medicine and drug discovery – resulting in health and environmental benefits; whereas the use of AI in biotechnology can also present ethical challenges and risks, related to the protection of private data, which need to be addressed in order to maintain public trust and acceptance;

    F.  whereas biotechnology is applied in various aspects of animal and plant-based agriculture and also indirectly, through its use in activities such as waste management;

    G.  whereas biotechnology can strengthen the resilience of forests and, in the case of biomanufacturing, the forest sector can offer sustainably produced, renewable and recyclable raw materials that can be used in high-value innovative products, materials and applications;

    H.  whereas the EU is a global leader in research and biomanufacturing capacity, yet its potential remains unexploited due to the lack of a sufficiently coordinated policy framework that enables the efficient scaling up of innovation, the attraction of investment and the commercialisation of new technologies; whereas the ‘one in, one out’ approach ensures that all burdens introduced by Commission initiatives are considered, and administrative burdens are offset by removing burdens of equivalent value in the same policy area at EU or Member State level; whereas Parliament has called for the EU’s research budget to be doubled; whereas EU private investment in research, development and innovation is lagging behind other major economies; whereas promoting investment in pioneering demo and commercial production plants can accelerate the commercialisation of EU innovation in the bio-based industries;

    I.  whereas urgent, coherent and consistent action needs to be taken during the next few years to make the EU a world leader in biotechnology, biomanufacturing and life sciences effecting a bold level of change, in accordance with due process and supported by competitiveness checks and adequate funding;

    J.  whereas lengthy and complex authorisation procedures, particularly concerning approval times, represent a competitive disadvantage for EU operators and drive project developers out of the EU, and hinder industrial deployment and growth;

    K.  whereas current EU regulatory frameworks do not cater precisely to the specificities of bio-based products; whereas the existing regulatory authorisation processes for biotech products needs to be urgently addressed to ensure that the EU remains globally competitive; whereas an effective regulatory framework for conducting clinical research is essential for the competitiveness of the most innovation-intensive aspects of the EU’s pharmaceutical and biotechnology sectors; whereas the Commission should take account of the regulatory frameworks of non-EU countries leading in the biotechnology and biomanufacturing sector, in the context of existing and future EU legislation covering the industry, to ensure compatibility without lowering existing EU safety and environmental standards;

    L.  whereas the EU’s biotechnology and biomanufacturing investment and venture capital ecosystem remains fragmented; whereas high energy prices, regulatory burdens, barriers, and a lack of available key feedstock, raw materials and components are limiting the ability of start-ups and other small and medium-sized enterprises (SMEs) to scale up, and limit large-scale deployment; whereas EU biomanufacturing capacity and supply chain resilience, including the availability of feedstock, are essential to reduce dependence on non-EU actors; whereas effective global supply chains – including strategic partnerships with reliable global actors – are also important to secure stable access to critical resources, avoid supply disruptions and foster continuous innovation in essential technologies;

    M.  whereas bio-based feedstocks, such as sustainably sourced biomass, recycled waste and CO2 captured from biogenic sources, could be used as alternative feedstocks for the manufacturing of, for example, polymers, plastics, solvents, paints, detergents, cosmetics and pharmaceuticals, thereby contributing to EU emission reduction, resource efficiency and strategic autonomy; whereas the EU could further incentivise market demand and market uptake for sustainable bio-based products and materials;

    N.  whereas it is vital to increase the use of sustainable bio-based raw materials as part of the means of reaching the EU’s 2050 climate targets; whereas biotechnology has the potential to transform the refinery and chemical industry towards biomanufacturing, thereby reducing greenhouse gas emissions, in line with the EU’s climate objectives;

    O.  whereas biotechnology and biomanufacturing are regulated across many different regulatory frameworks; whereas current EU regulatory frameworks for biotechnology and biomanufacturing are inconsistent across sectors, creating legal uncertainty and slowing market access for innovative solutions; whereas the lengthy authorisation processes, particularly concerning approval times, need to be urgently addressed and improved, while maintaining a risk- and science-based approach, to compete with corresponding time frames outside the EU; whereas the use of regulatory sandboxes should be expanded to ensure that emerging technologies have a clear development pathway; whereas new EU-wide regulation in the form of an EU biotech act should be duly justified based on examples of concrete gaps and shortcomings in current legislation and implementation, focusing on the specificities of the industry;

    P.  whereas a coherent, robust and future-proof intellectual property (IP) framework is essential, ideally resulting in economic, environmental and societal benefits;

    Q.  whereas public awareness in the EU of biotechnology and biomanufactured products should be further strengthened, in order to boost public acceptance; whereas the ethical aspects of biotechnology should be considered; whereas stakeholder consultation plays a crucial role in shaping responsible and ethical biotechnology policies; whereas civil society can play an essential role in ensuring public trust;

    R.  whereas the engineering of DNA and organisms is increasingly carried out in automated biofoundries, which produce a wealth of data and improved designs and knowledge of biological functions;

    S.  whereas the EU’s regulatory framework needs to adequately address evolving risks, opportunities and responsibilities associated with the handling, trade and synthesis of biological material, particularly in the context of synthetic biology; whereas existing biosecurity gaps need to be addressed by the EU and through international cooperation;

    Criteria for a comprehensive EU biotech act

    1.  Emphasises the growth potential of the European biotechnology and biomanufacturing sector and the need for the EU to remain world-leading in this field; underlines the commitment to the principles of better regulation and lawmaking, simplification and administrative burden reduction; underlines that the simplification of EU legislation must not endanger any of the fundamental rights of citizens, workers and businesses or risk regulatory uncertainty; believes that any simplification proposal should not be rushed and proposed without proper consideration, consultation and impact assessments; therefore asks the Commission, if it proposes a new EU-wide regulation in the form of an EU biotech act, to address concrete gaps and shortcomings in current legislation and implementation, and to present legislation that can be revised, simplified, streamlined, repealed and which reduces bureaucratic burdens, focusing on the specificities of the industry and maintaining relevant safety and security standards; asks that an EU biotech act adopt a comprehensive cross-sectoral scope and that it be accompanied by an impact and cost assessment, competitiveness checks as well as a comprehensive assessment by the Regulatory Scrutiny Board, taking due consideration of the impact on SMEs, start-ups and scale-ups, as well as the interaction with other relevant legislative and non-legislative initiatives, including proposals currently undergoing the co-legislative procedure;

    2.  Recalls that according to the OECD, biotechnology is defined as the application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services; notes, however, that biomanufacturing is not clearly defined and calls on the Commission to propose such a definition;

    3.  Recommends streamlining and harmonising existing and upcoming initiatives relating to biotechnology and biomanufacturing, with the objective of strengthening the biotechnology and biomanufacturing industry through clear industrial and research and development (R & D) competences;

    4.  Urges the Commission to ensure coherence and consistency across all initiatives and legislative measures that may affect biotechnology and biomanufacturing innovations and companies, especially start-ups and scale-ups;

    5.  Calls on the Commission to ensure that any future relevant legislative initiatives have a broad enough scope to capture the width of the biotechnology and biomanufacturing industry and its full range of applications; recommends facilitating a fast and efficient uptake of biotechnology and biomanufacturing through clear regulatory frameworks;

    6.  Calls on the Commission to implement measures within its structures in order to ensure coordination, coherence and complementarity across its relevant directorates-general, and to enable more efficient scale-up and commercialisation of research, development and innovation results; highlights the importance of efforts to improve policy coherence and coordination at national level;

    7.  Calls on the Commission to take account of regulatory frameworks of non-EU countries leading in the biotechnology and biomanufacturing sector, in the context of existing and future EU legislation covering the industry, to ensure compatibility, where possible and without compromising consumer safety, and a level playing field for EU biotech companies competing internationally, and to learn from best practices from outside the EU without lowering existing EU standards;

    8.  Calls on the Commission to present a report on the implementation of current legislation in the field of biotechnology and biomanufacturing, including identifying potential gaps and regulatory barriers hampering the growth of the industries applying these technologies and manufacturing processes, including barriers to improving the EU’s self-sufficiency in key feedstocks, raw materials and components; recalls the precautionary principle laid down in Article 191 TFEU; urges the Commission to share with Parliament the preliminary findings of its study on regulatory burden, in this regard, and the potential need to review legislation related to biotechnology and biomanufacturing; calls for a simplification of current requirements for the sector across regulatory frameworks to enable faster approval procedures and market access, while maintaining a risk- and science-based approach and avoiding regulatory uncertainty;

    9.  Welcomes the recently launched Biotech and Biomanufacturing Hub; requests that the Commission provide further guidance to EU biotechnology and biomanufacturing companies and the Member States with regard to the Net-Zero Industry Act(1) and the new Clean Industrial Deal in terms of permitting and financing, and to consider the creation of supporting hubs, in order to improve guidance and advice to companies navigating through the regulatory framework;

    10.  Calls on the Commission to urgently streamline, simplify and shorten the time required for authorisation procedures, particularly approval time frames, for biotechnology materials and products throughout their manufacturing- and life-cycles, and to facilitate the market uptake of bio-based solutions, including the provision of pre-authorisation guidance, while maintaining a risk- and science-based approach, particularly in the context of its regular review of EU agencies such as the European Food Safety Authority, the European Medicines Agency and the European Chemicals Agency; calls on the Commission to ensure that the relevant EU agencies are adequately resourced, to enhance their capacity for conducting authorisation procedures in a timely manner;

    11.  Calls on the Commission to consider the possibility of a simplified approvals procedure for biotechnology products that have already been approved by trusted regulatory bodies in like-minded countries with EU-equivalent standards;

    12.  Calls on the Commission to consider simplifying labelling practices, such as the use of QR codes, and ensure fair market conditions between biotechnology and other products, such as marketing and advertising, without compromising consumer safety or access to relevant consumer information;

    13.  Recalls that harmonised, predictable, future-proof and internationally competitive IP and data protection rules for biotechnology and biomanufacturing patents are essential for the development of the industry, resilient supply chains and sustainable economic growth; underlines the importance of improving IP protection rules by longer terms for patented technologies to strengthen the EU’s competitiveness, foster innovation and the EU’s strategic autonomy, protect cutting-edge technologies, reward long-term investments, and support high-risk research; considers that a coherent, robust and future-proof IP framework is essential; welcomes, in this regard, the EU’s recently established unitary patent system;

    14.  Calls for a common clinical trials framework with streamlined approval procedures across the Member States to minimise administrative burdens and delays, and which allows for the use of real-world evidence for biotechnology therapies; asks the Commission to present the current situation in this regard, as well as potential improvements; calls for the swift implementation of the Clinical Trials Regulation(2) and the use of the EU’s Clinical Trials Information System;

    15.  Underlines the strategic importance for the EU of a strong biotechnology ecosystem to support R & D, manufacturing, and patient access to innovative medicines; points out that biotechnology processes can be used to manufacture active pharmaceutical ingredients and key manufacturing inputs for both off-patent and innovative medicines;

    16.  Recommends using the next generation of regulatory sandboxes to assess the specific impacts and possibilities of emerging biotechnology and biomanufacturing applications, ensuring that new technologies can be trialled in a controlled but flexible and future-proof regulatory environment; stresses the importance of ensuring that EU policy takes account of technological and scientific developments to safeguard the EU’s global competitiveness;

    17.  Recommends developing a strategy to support biotechnology and biomanufacturing companies transitioning from the regulatory sandbox regime to full market access; requests that the strategy include, but not be limited to, support mechanisms, regulatory assistance and guidance on compliance with EU legislation;

    The need to promote the advantages and specificities of the biotechnology and biomanufacturing industry

    18.  Underlines that effectively scaling up biotechnology and biomanufacturing in the EU hinges on a robust, competitive and circular bioeconomy; calls on the Commission to present an updated bioeconomy strategy, which takes account of current challenges and reinforces the bioeconomy’s industrial dimension and its links to biotechnology and biomanufacturing, incentivising the development and production of sustainable, innovative, high-value added bio-based materials, products and solutions, to contribute to EU competitiveness and strategic autonomy;

    19.  Acknowledges the important role biomass plays in biomanufacturing; recalls, in this regard, the importance of adopting an approach open to different sustainable biomass technologies grounded in robust analysis, and with the aim of enhancing feedstock access and use, as well as harnessing international supply chains, while aiming to avoid unintended environmental externalities;

    20.  Underlines the need to account for the specificities of biogenic carbon, bio-based products and processes, and to differentiate them from petrochemical and fossil-based products, in the context of EU and national chemical, materials and environmental legislation;

    21.  Points out that essential components, such as enzymes, lactic acid bacteria and other microorganisms, run the risk of being prohibited or unduly disincentivised by EU regulations primarily designed for petrochemical and synthetic substances, such as the REACH Regulation(3);

    22.  Is concerned that the European Investment Bank (EIB)’s interpretation of sustainability criteria under the EIB Group Paris alignment framework may result in access to funding for bio-based materials and projects being denied; asks the Commission to examine relevant definitions accordingly and encourage biotechnology- and biomanufacturing-friendly interpretations; calls on the EIB to propose de-risking instruments for biotechnology and biomanufacturing, in order to raise capital; calls, moreover, on the EIB to improve outreach, advisory support and information on financing instruments and opportunities for eligible biotechnology and biomanufacturing projects, in particular SMEs, start-ups and scale-ups;

    23.  Underlines the benefit and contribution of bio-based products and processes to the EU’s CO2 reduction objectives, which, given the potential of these products to increase sustainability and lower the EU’s environmental footprint, need to be reflected in respective life cycle assessments, information for consumers and public procurement;

    24.  Considers that, in order to accelerate the substitution of fossil-based feedstocks, the market demand and market uptake of sustainable bio-based products could be further incentivised in the EU; considers that bio-based feedstocks, such as sustainably sourced biomass, recycled waste and CO2 captured from biogenic sources, could be used as alternative feedstocks for the manufacturing of various products, contributing to the EU’s emissions reduction, resource efficiency and strategic autonomy; in this context, recalls the commitment in the EU’s Competitiveness Compass to develop policies to reward early movers; considers that coherent and adequate sustainability criteria should be ensured for biomass;

    25.  Underlines the importance of upholding the EU’s high standards of food and consumer safety and the potential of biotechnology applications when assessing biotechnology applications in food and feed to protect consumer health, assess impact on circularity and sustainability, and to consider social, ethical, economic, environmental and cultural aspects of food innovation; calls on the Commission to identify smooth routes to market for safe applications of biotechnology in food products, while reiterating that such biotechnology applications need to be properly examined, prior to any future authorisation and subsequent placing on the EU market, including gathering toxicological information and clinical and pre-clinical studies where relevant, and ensuring traceability;

    26.  Underlines that biosecurity risks, including bioethical considerations, must be addressed in conjunction with biotechnology and biomanufacturing innovation, ensuring responsible access to and use of synthetic biology tools, genetic editing technologies and biological materials; calls for the establishment of an EU biosecurity registry for synthetic DNA, benchtop synthesis equipment and genetic engineering tools, improving transparency and risk-assessment mechanisms, in consultation with relevant stakeholders, such as industry and civil society, and while ensuring sensitive data is adequately protected; stresses the importance of EU strategic autonomy in biotechnology supply chains, ensuring that critical biomanufacturing inputs and expertise remain within Europe; calls for stronger international cooperation on biosecurity standards, including mandatory international screening standards, ensuring that EU-based biotechnology and biomanufacturing companies benefit from global best practice while maintaining competitiveness;

    27.  Urges the Commission to conduct a study on biological materials and to present an updated communication and an action plan on chemical, biological, radiological and nuclear risks, in particular regarding bioterrorism and bio-risks;

    Horizontal issues

    28.  Underlines the importance for supply chain security of ensuring a sufficient, stable and competitive supply of feedstock, raw materials and essential components, such as sustainable biomass and enzymes for biotechnology and biomanufacturing companies; calls for potential risks, gaps and dependencies to be closely monitored while safeguarding company-sensitive data and the functioning of the internal market;

    29.  Stresses the importance of developing EU raw material value chains and manufacturing, and enhancing self-sufficiency where possible, while also fostering strategic partnerships and cooperation with like-minded non-EU countries to secure resilient and diversified access to critical inputs of biotechnology and biomanufacturing industries in the EU;

    30.  Stresses that, in an increasingly tense geopolitical context, biotechnology and biomanufacturing should be fully leveraged to strengthen the EU’s strategic autonomy, enhance food security and reduce dependence on non-EU countries; highlights the need to stimulate market demand and uptake of bio-based products to boost the growth, competitiveness and sustainability of the EU biotechnology and biomanufacturing sector;

    31.  Notes that the scale-up and commercialisation of research results remains a major challenge in the EU, and stresses the need to improve knowledge and technology transfer between academia and industry to ensure that EU-funded biotechnology and biomanufacturing research leads to commercial applications and industrial deployment; highlights the importance of strengthening public-private collaboration and supporting universities and research institutions with high levels of technology transfer, spin-offs, and start-up creation, for example by applying the CERN model of building start-up studios within research institutions; calls for strategic investments in shared EU infrastructure – such as pilot facilities, biobanks or innovation accelerators – to support the scale-up of prototypes and the market uptake of innovative biotechnology and biomanufacturing solutions; underlines that innovation cannot solely take place for short-term economic benefit, and that biotechnology and biomanufacturing innovation should be driven through a bottom-up approach under a standalone and long-term framework programme; calls on the Commission to facilitate the creation of world-leading research hubs for biotechnology and biomanufacturing to drive innovation and collaboration between academia, industry and venture capital; emphasises the need for robust physical testing facilities in the biotechnology and biomanufacturing sector to drive innovation and facilitate the production and market access for SMEs and start-ups;

    32.  Stresses the need to ensure access to affordable energy for biotechnology and biomanufacturing operators, given the high energy intensity of large-scale biological production processes; underlines the importance of facilitating the authorisation and validation of large industrial plants, such as bioreactors, which are essential for scale-up but also face significant construction and operating risks; welcomes the latest revision of the Renewable Energy Directive(4) and its provisions to simplify permitting procedures, and calls on the Member States to swiftly implement relevant measures to support the deployment of biotechnology and biomanufacturing infrastructure;

    33.  Underlines the need for a skilled and diverse European workforce in the biotechnology and biomanufacturing sector and for the promotion of entrepreneurial skills, in close collaboration with industry and research institutions; calls for increased investment in biotechnology and biomanufacturing education and targeted professional training, including in but not limited to areas such as regulatory compliance, quality assurance and process engineering; supports the development of competence centres and public-private training initiatives across all Member States to enable upskilling, reskilling and lifelong learning to safeguard the attractiveness of the biotechnology and biomanufacturing industry; highlights the importance of adapting educational curricula to the evolving needs of the sector, and of promoting science, technology, engineering and mathematics (STEM) subjects, with a particular focus on attracting more girls and women into biotechnology and biomanufacturing careers; encourages more public awareness about career opportunities in the field to attract talent from non-EU countries and suggests exploring the potential for transatlantic cooperation; welcomes the recently launched Choose Europe for Science pilot scheme to attract top non-EU researchers, scientists and academics to Europe;

    34.  Calls for the urgent completion of the capital markets union to attract institutional investors to the biotechnology and biomanufacturing industry, including venture capital, pension funds and private equity; underlines that the sector is characterised by high levels of risk and that reducing the cost of failure in the EU is necessary for attracting large-scale capital investment; calls for dedicated support to ensure that biotechnology and biomanufacturing SMEs, start-ups and scale-ups can access sufficient funding and compete globally; stresses that cross-border investment barriers must be reduced to facilitate investment in biotechnology and biomanufacturing scale-ups;

    35.  Notes that public-private partnerships and mission-driven EU investment strategies, such as the Circular Bio-based Europe Joint Undertaking, are essential for de-risking biotechnology and biomanufacturing innovation and for increasing the likelihood that IP and industrial capacity remain in Europe; urges EU investment instruments, such as the InvestEU programme, to be strengthened to support biotechnology and biomanufacturing projects considered as high-risk from an investment perspective; underlines that the sector is characterised by a high concentration of SMEs, which face disproportionate barriers in accessing capital despite being critical drivers of innovation; supports the exploration of a biotechnology Important Project of Common European Interest to facilitate industrial deployment and first-mover investments in bio-based chemicals, materials, and products and solutions;

    36.  Notes that public awareness of biotechnology and biomanufactured products in the EU should be further strengthened to boost public acceptance; recommends engaging with citizens and civil society organisations to communicate the characteristics, benefits and implications of the growing presence of biotechnology-based products and services in the European market;

    Future-proof research and innovation

    37.  Regrets that European private investment in research, development and innovation is lagging behind other major economies and that the scale-up and commercialisation of research results remain a major challenge in Europe; highlights the fact that European and national public systems for R & D funding remain complex and insufficiently coordinated, resulting in duplications and inefficiencies; calls for an EU-wide approach to coordinating public investment in R & D for biotechnology and biomanufacturing, with the dual objective of closing excellence and innovation gaps and accelerating commercialisation; underlines the importance of strengthening European collaboration, pooling knowledge and resources, and leveraging public funding with private investment; recalls the key role of framework programmes such as Horizon Europe in fostering scientific excellence, innovation and technical development and calls for targeted investment in strategic biotechnology and biomanufacturing subfields, such as industrial, environmental, marine, health and agri-food biotechnology;

    38.  Reiterates the call to double the EU’s research budget and to reach the target of 3 % of EU gross domestic product being devoted to R & D by 2030;

    39.  Notes the growing role of synthetic biology, bioinformatics, data and game-changing AI-driven biotechnology and biomanufacturing research; calls on the Commission to integrate biotechnology and biomanufacturing innovation into the EU digital and AI strategies, ensuring interoperability between biotechnology and biomanufacturing data infrastructure and AI-driven discovery platforms; notes that AI capabilities are dependent on the efficient use of data; considers that the creation of industrial data spaces for biotechnology and biomanufacturing is important for efficient data sharing;

    40.  Acknowledges that, while AI systems and quantum computing can significantly speed up research and lead to new innovations, enabling better computational designs of biological systems, they can also increase the risk of biological threats; underlines, therefore, the need to apply a risk-based approach to the use of AI in scientific research and manufacturing;

    41.  Considers that the ethical use of AI, bioinformatics and synthetic biology is crucial for building trust and for society at large to benefit from these technologies; underlines the need to safeguard data privacy, data security, transparency and human oversight of the use of AI systems in the health biotechnology sector;

    o
    o   o

    42.  Instructs its President to forward this resolution to the Council and the Commission.

    (1) Regulation (EU) 2024/1735 of the European Parliament and of the Council of 13 June 2024 on establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem and amending Regulation (EU) 2018/1724 (OJ L, 2024/1735, 28.6.2024, ELI: http://data.europa.eu/eli/reg/2024/1735/oj).
    (2) Regulation (EU) No 536/2014 of the European Parliament and of the Council of 16 April 2014 on clinical trials on medicinal products for human use, and repealing Directive 2001/20/EC (OJ L 158, 27.5.2014, p. 1, ELI: http://data.europa.eu/eli/reg/2014/536/oj).
    (3) Regulation (EC) No 1907/2006 of the European Parliament and of the Council of 18 December 2006 concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), establishing a European Chemicals Agency, amending Directive 1999/45/EC and repealing Council Regulation (EEC) No 793/93 and Commission Regulation (EC) No 1488/94 as well as Council Directive 76/769/EEC and Commission Directives 91/155/EEC, 93/67/EEC, 93/105/EC and 2000/21/EC (OJ L 396, 30.12.2006, p. 1, ELI: http://data.europa.eu/eli/reg/2006/1907/oj).
    (4) Directive (EU) 2023/2413 of the European Parliament and of the Council of 18 October 2023 amending Directive (EU) 2018/2001, Regulation (EU) 2018/1999 and Directive 98/70/EC as regards the promotion of energy from renewable sources, and repealing Council Directive (EU) 2015/652 (OJ L, 2023/2413, 31.10.2023, ELI: http://data.europa.eu/eli/dir/2023/2413/oj).

    MIL OSI Europe News –

    July 14, 2025
  • MIL-OSI Banking: Watch: Statements by Board of Governors in Opening Ceremony of NDB 2025 Annual Meeting

    Source: New Development Bank

    Videos

    H.E. Mrs. Dilma Rousseff

    President of the New Development Bank

    H.E. Mr. Anton Siluanov

    Minister of Finance of the Russian Federation and the NDB Governor for Russia

    H.E. Mrs. Nirmala Sitharaman

    Minister of Finance of the Republic of India and the NDB Governor for India

    H.E. Mr. LAN Fo’an

    Minister of Finance of the People’s Republic of China and the NDB Governor for China

    Dr. David Masondo

    Deputy Minister of Finance of the Republic of South Africa and the NDB Alternate Governor for South Africa

    Mr. Md. Shahriar Kader Siddiky

    Secretary, Economic Relations Division, Ministry of Finance of the People’s Republic of Bangladesh and the NDB Alternate Governor for Bangladesh

    Mr. Ali Sharafi

    Acting Assistant Undersecretary for International Financial Relations Sector, Ministry of Finance of the United Arab Emirates and the NDB Temporary Alternate Governor for the United Arab Emirates

    Mr. Atter Hannoura

    Director of the PPP Central Unit, Ministry Director of the PPP Central Unit, Ministry of Finance of Egypt of the Arab Republic of Egypt and the NDB Temporary Alternate Governor for Egyptof Finance of Egypt of the Arab Republic of Egypt and the NDB Temporary Alternate Governor for Egypt

    H.E. Mr. Abdelaziz Benali Cherif

    Ambassador of Algeria to Brazil

    H.E. Mr. Fernando Haddad

    Minister of Finance of the Federative Republic of Brazil and the NDB Governor for Brazil

    New Development Bank Tenth Annual Meeting

    MIL OSI Global Banks –

    July 14, 2025
  • MIL-OSI Africa: Africa GreenCo Advances Zambian Solar Projects as Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025

    Source: APO


    .

    Ana Hajduka, Founder and CEO of green energy supplier Africa GreenCo, will participate as a speaker at this year’s African Energy Week (AEW): Invest in African Energies 2025 conference, taking place from September 29 to October 3 in Cape Town. During the event, Hajduka is expected to share insights into the company’s groundbreaking work in advancing renewable energy trading and power market integration, as Africa GreenCo advances a series of projects across southern Africa.

    Delivering tailored energy solutions, Africa GreenCo supports businesses, utilities and renewable energy developers in Africa by facilitating renewable energy trade and distribution. Recent developments reflect this, while supporting the expansion of the continent’s renewable energy sector. Hajduka will share insights into these projects during AEW: Invest in African Energies 2025, while engaging with renewable energy developers and financiers active across the continent.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

    To date, Africa GreenCo has facilitated the trade of over 1 TWh of electricity and continues to champion the role of market-based solutions in achieving energy security and decarbonization in Africa. Africa GreenCo signed a head of terms for a long-term power purchase agreement with pan-African energy group AXIAN Energy to develop two grid-connected solar PV projects in Zambia. Once operational, the projects will add 25 MW of renewable energy to Zambia’s national grid, helping alleviate electricity shortages, improve reliability for businesses and support the country’s long-term industrial growth. The projects will be developed with support from financial services provider Standard Bank.

    Meanwhile, the company’s subsidiary GreenCo Power Services will purchase electricity from Zambia’s 32 MW Ilute Solar Project under a recently signed a power purchase agreement, enabling cross-border trade via the Southern African Power Pool (SAPP). This innovative arrangement eliminates the need for sovereign guarantees, positioning GreenCo as a key player in advancing regional integration and private-sector investment in Africa.

    In November 2024, GreenGo Finance Solutions – Africa GreenCo’s Zambian subsidiary – signed a $55.5 million facilities agreement with financial institution Stanbic Bank Zambia and Standard Bank to support emergency electricity imports in Zambia. The facility enables the prepayment of over 130 MW of cross-border power supply, easing liquidity constraints for local offtakers and bolstering energy security in the country. The agreement follows Africa GreenCo’s instrumental role in facilitating a 125 MW power import deal between Zambia’s state utility ZESCO, mining major First Quantum Minerals (FQM) and regional suppliers. Jointly financed by Africa GreenCo and FQM, the arrangement delivers 85 MW to Zambia’s national grid and allocated 40 MW to FQM’s operations.

    In October 2024, GreenCo Power Services achieved a significant regulatory milestone with the award of a domestic trading and import/export licenses from South Africa’s National Energy Regulator. The licenses enable Africa GreenCo to operate within South Africa’s competitive electricity market and to facilitate cross-border transactions through the SAPP – creating a critical channel for dispatching surplus clean power across the region.

    “Africa GreenCo’s model reflects the future of energy in Africa – private-led, regionally interconnected and powered by clean energy. Ana Hadjuka’s participation at AEW: Invest in African Energies 2025 will offer vital insights into how blended finance, cross-border trade and regulatory innovation can converge to solve Africa’s most pressing power challenges,” states Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber.

    Distributed by APO Group on behalf of African Energy Chamber.

    MIL OSI Africa –

    July 14, 2025
  • MIL-OSI: UFLY Capital Delivers 6.25% Net Return and 20.05% Annualized IRR in H1 2025, Surpassing S&P 500 and Bitcoin

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 14, 2025 (GLOBE NEWSWIRE) — UFLY Capital is proud to report a strong performance for the first half of 2025, achieving a net return of 6.25% (after management fees) and an annualized internal rate of return (IRR) of 20.05% as of June 30. This performance notably outpaced key benchmarks, including the S&P 500 (+4.21%) and Bitcoin (~+7.5%).

    Founded by the co-founders of UXLINK along with a group of seasoned investors and entrepreneurs, UFLY Capital—through its venture arm UFLY Labs—is committed to supporting the UXLINK ecosystem and advancing early-stage innovation across blockchain and artificial intelligence (AI).

    H1 2025 Highlights:

    • Successfully completed full regulatory compliance and CIMA registration
    • Maintained high-conviction, long-term positions in Bitcoin (BTC), AI, and UXLINK
    • Employed a barbell strategy across traditional finance, including strategic allocations to U.S. and Hong Kong equities, USD-denominated bonds, and gold
    • Invested in 23 high-potential Web3 and AI projects—with 60% having conducted token generation events (TGEs) and 40% currently listed on top-tier exchanges such as Binance, OKX, Bybit, UPbit, and Bithumb
    • Leveraged the UXLINK global community to provide a robust ecosystem advantage and accelerate portfolio growth

    Strategic Outlook for H2 2025:

    • Continued strategic exposure to Bitcoin and UXLINK, with a focus on selective primary market opportunities
    • Increased allocations toward Nasdaq-listed technology stocks and high-growth Hong Kong tech equities
    • Strengthened support for XerpaAI, a next-generation AI platform designed to scale emerging tech ventures
    • Ongoing investments in high-yield, long-duration USD bonds to ensure stable cash flow, coupled with expanded gold holdings to mitigate inflation risk

    “UFLY Capital remains committed to disciplined investing with a focus on innovation, compliance, and sustainable value creation,” said Neal Wong,Co founder and Limited Partner, uflycapital “We continue to position ourselves at the intersection of blockchain, AI, and traditional finance, leveraging global communities and market insight to drive long-term performance.”

    For media inquiries or additional information,

    Please contact:
    https://www.uflycapital.com/
    ir@uflycapital.com

    Media Contact:

    Rachita Chettri
    rachita@mediax.agency

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7c36b1b4-4290-4b35-ac89-adaa02d59f6b

    The MIL Network –

    July 14, 2025
  • MIL-OSI: UFLY Capital Delivers 6.25% Net Return and 20.05% Annualized IRR in H1 2025, Surpassing S&P 500 and Bitcoin

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 14, 2025 (GLOBE NEWSWIRE) — UFLY Capital is proud to report a strong performance for the first half of 2025, achieving a net return of 6.25% (after management fees) and an annualized internal rate of return (IRR) of 20.05% as of June 30. This performance notably outpaced key benchmarks, including the S&P 500 (+4.21%) and Bitcoin (~+7.5%).

    Founded by the co-founders of UXLINK along with a group of seasoned investors and entrepreneurs, UFLY Capital—through its venture arm UFLY Labs—is committed to supporting the UXLINK ecosystem and advancing early-stage innovation across blockchain and artificial intelligence (AI).

    H1 2025 Highlights:

    • Successfully completed full regulatory compliance and CIMA registration
    • Maintained high-conviction, long-term positions in Bitcoin (BTC), AI, and UXLINK
    • Employed a barbell strategy across traditional finance, including strategic allocations to U.S. and Hong Kong equities, USD-denominated bonds, and gold
    • Invested in 23 high-potential Web3 and AI projects—with 60% having conducted token generation events (TGEs) and 40% currently listed on top-tier exchanges such as Binance, OKX, Bybit, UPbit, and Bithumb
    • Leveraged the UXLINK global community to provide a robust ecosystem advantage and accelerate portfolio growth

    Strategic Outlook for H2 2025:

    • Continued strategic exposure to Bitcoin and UXLINK, with a focus on selective primary market opportunities
    • Increased allocations toward Nasdaq-listed technology stocks and high-growth Hong Kong tech equities
    • Strengthened support for XerpaAI, a next-generation AI platform designed to scale emerging tech ventures
    • Ongoing investments in high-yield, long-duration USD bonds to ensure stable cash flow, coupled with expanded gold holdings to mitigate inflation risk

    “UFLY Capital remains committed to disciplined investing with a focus on innovation, compliance, and sustainable value creation,” said Neal Wong,Co founder and Limited Partner, uflycapital “We continue to position ourselves at the intersection of blockchain, AI, and traditional finance, leveraging global communities and market insight to drive long-term performance.”

    For media inquiries or additional information,

    Please contact:
    https://www.uflycapital.com/
    ir@uflycapital.com

    Media Contact:

    Rachita Chettri
    rachita@mediax.agency

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7c36b1b4-4290-4b35-ac89-adaa02d59f6b

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Toobit Launches Break Even Price Feature to Give Traders Instant Profit Clarity

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, July 14, 2025 (GLOBE NEWSWIRE) — Toobit, the award-winning global cryptocurrency exchange, today introduces its new Break Even Price feature. This innovative tool allows traders to instantly identify the exact price point at which their open positions transition from loss to profit, with all transaction fees and costs automatically factored in.

    Trading in volatile markets often involves complex manual calculations and guesswork to determine true position profitability, a process prone to errors and overlooked costs.

    The Break Even Price feature tackles this challenge, instantly displaying the precise market price needed to exit a position without loss, while intuitive green signals confirm profitability.

    Toobit’s Break Even Price feature in action on the Futures platform, providing real-time visual confirmation as a trade turns profitable and the indicator turns green.

    “We understand how important immediate, actionable insights are for traders, especially in volatile markets,” said Mike Williams, Chief Communication Officer at Toobit. “Our new Break Even Price feature empowers users with unparalleled transparency into their trade performance, fostering greater confidence and enabling truly informed decisions.”

    Key benefits of the Break Even Price feature include:

    • Fee-inclusive accuracy: Provides precise profitability calculations by seamlessly accounting for all trading and funding fees, eliminating hidden costs.
    • Real-time visual cues: Offers immediate, at-a-glance status updates as the indicator turns green upon profitability, streamlining position monitoring.

    The Break Even Price feature is now available for all perpetual contracts on Toobit’s Futures platform.

    About Toobit

    Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

    For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

    Contact: Davin C.

    Email: market@toobit.com

    Website: www.toobit.com

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

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

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2668030a-5a1f-4832-8bcb-9db50a4ed4c0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/33e8bad1-7733-46cc-bddb-d226d06d798a

    The MIL Network –

    July 14, 2025
  • MIL-OSI Russia: /Roundtable on China’s Economy/ China’s state-level economic and technological development zones promote regional coordinated development

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 14 (Xinhua) — China’s national-level economic and technological development zones (NTDZs) have served as powerful engines of regional growth, spurring industrial development in both prosperous and less developed regions, a guest speaker said at the latest edition of the China Economic Roundtable hosted by Xinhua News Agency.

    These national-level economic and technological development zones play a leading role in their respective provinces or regions. Specializing in key industries, the economic and technological development zones expand the economic influence of developed regions and accelerate the development of less developed regions, said Ji Xiaofeng, spokesperson for the Department of Foreign Investment of the Ministry of Commerce.

    Ji Xiaofeng noted that economic and technological development zones not only function as platforms for global opening-up, but also as centers for the orderly movement of industries across regions. By strengthening the cluster development of competitive and leading industries, the Ministry of Commerce of the People’s Republic of China will fully utilize the beneficial influence of the zones on the regions, she added.

    For example, the Beijing Economic and Technological Development Zone is actively expanding its industrial and supply chains to neighboring areas, allowing local enterprises to benefit and achieve mutual growth.

    According to Ji Xiaofeng, the Ministry of Commerce of the People’s Republic of China also gives priority to deepening ties between leading regional enterprises in the industry through interaction between eastern and western economic and technological development zones.

    In 1984, China established its first national-level economic and technological development zone in the northeastern city of Dalian. By 2024, the number of such zones had reached 232, with a gross regional product of 16.9 trillion yuan (about $2.36 trillion). -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 14, 2025
  • MIL-OSI Africa: African Energy Week (AEW) 2025 to Outline African Block Opportunities Amid Surge in 2024/2025 Licensing Rounds

    Source: APO


    .

    Africa is gearing up to attract a wave of investment in exploration blocks, with a surge in oil and gas licensing rounds being launched during the 2024/2025 period. According to the African Energy Chamber’s State of African Energy 2025 Outlook Report (https://EnergyChamber.org/), these efforts are part of a broader strategy to unlock the continent’s untapped energy potential, attract international investment and stimulate long-term economic growth. This year’s African Energy Week (AEW): Invest in African Energies conference will spotlight Africa’s licensing rounds, connecting operators to emerging blocks opportunities across the continent.

    North Africa

    Libya launched its latest licensing round in March 2025, offering 22 onshore and offshore exploration blocks across the Sirte, Murzuq and Ghadames basins. The licensing round has already drawn interest from 37 prospective companies, with contracts with successful bidders expected to be signed by the end of the year. Representing the country’s first licensing round since 2011, the initiative comes as Libya seeks to increase production to two million barrels per day. Algeria awarded five licenses in June 2025 as part of its latest oil and gas bid round. Launched in November 2024, the bid round featured sic onshore blocks for competitive bidding and falls part of a broader multi-year licensing strategy aimed at attracting global investment in exploration opportunities. The blocks span five basins and represents a core component of the country’s strategy to invest up to $50 billion into hydrocarbon projects over the next four years. Egypt launched a new bid round in March 2025, comprising 12 investment opportunities. The bid round includes 10 offshore blocks in the Mediterranean Sea and two onshore blocks in the Nile Delta region and comes as the country intensifies exploration across undeveloped acreage. 

    West Africa

    Sierra Leone is preparing to launch a new licensing round in 2025 as part of its drive to fast-track exploration and become an oil-producing nation. The country currently has around 50 offshore blocks available for direct negotiation, spanning 63,000 km² and backed by a proven petroleum system. The upcoming licensing round will further entice spending. Nigeria is set to launch a new oil and gas licensing round in 2025, focusing on undeveloped fields. The upcoming round follows the successful conclusion of a 2024 tender, whereby 25 companies were awarded Petroleum Prospecting Licenses. Liberia also initiated a Direct Negotiation Licensing Round in 2024, with 29 offshore blocks available for investment in the Liberia and Harper basins. The licensing round seeks to drive new investment in the country’s frontier basins and is supported by an extensive library of multi-client subsurface data, including over 24,000 kilometers of 2D seismic data and more than 26,000 km² of 3D seismic data.

    East Africa

    Tanzania is preparing to offer new oil and gas exploration opportunities with a licensing round launching in 2025. A total of 26 blocks will be made available, including three blocks in Lake Tanganyika and 23 in the Indian Ocean. The country’s upstream regulator the Petroleum Upstream Regulatory Authority has already identified the blocks and compiled the necessary data for the process. Following government approval for the Model Production Sharing Agreement, the licensing round will be launched. The round represents the first in more than ten years. Additionally, Kenya is expected to launch its inaugural oil and gas licensing round in September 2025, offering ten blocks for exploration. The blocks were selected using geoscientific data to ensure a transparent allocation process. The licensing round is supported by comprehensive seismic surveys and geological reports, thereby supporting future exploration activities. Primary targets include the Lamu and Anza basins, both of which are known for their hydrocarbon potential. Uganda is also set to launch a licensing round during the 2025/2026 fiscal year, offering new areas for oil and gas exploration.

    Southern Africa

    Part of its six-year licensing strategy, Angola is expected to launch its next licensing round in 2025, offering ten blocks for exploration in the offshore Kwanza and Benguela basins. The bid round follows the successful conclusion of a 2023 tender, whereby nine companies qualified as operators and five qualified as non-operators. Namibia rolled out an open-door licensing system in 2024 to address its backlog of applications and streamline procedures. The system comes as the country experiences a surge in exploration interest following major discoveries made since 2022.

    Distributed by APO Group on behalf of African Energy Chamber.

    About African Energy Week:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    MIL OSI Africa –

    July 14, 2025
  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 28

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 33 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    14 July 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 28

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

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

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 28:

      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 8,039,780 233.1745 1,874,672,016
    07 July 2025 90,000 260.5713 23,451,417
    08 July 2025 90,000 260.3560 23,432,040
    09 July 2025 100,000 263.1413 26,314,130
    10 July 2025 94,306 264.8682 24,978,660
    11 July 2025 68,744 261.4498 17,973,105
    Total accumulated over week 28 443,050 262.1586 116,149,353
    Total accumulated during the share buyback programme 8,482,830 234.6883 1,990,821,369

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 1.016% of Danske Bank A/S’ share capital.

    Danske Bank

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

    Attachment

    • Danske Bank Template Company announcement UK Weekly SBB announcement

    The MIL Network –

    July 14, 2025
  • MIL-OSI: Himax and Rabboni Join Forces to Launch World’s First Scalable Multi-Scenario Endpoint AI Sensing System – bboni Ai Enabling Real-Time AI Inference on Wearable Devices

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan and HSINCHU, Taiwan, July 14, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, and Rabboni Co., Ltd. (“Rabboni”), a Taiwan-based company integrating next-generation semiconductor sensing and edge computing to enable smart living, smart sensing and wearable devices, today jointly announced the unveiling of bboni Ai, the world’s first multi-scenario endpoint AI sensing system. bboni Ai integrates Rabboni’s high-precision IMU (Inertial Measurement Unit) motion sensors with Himax’s ultralow power WiseEye2 AI processor, opening a new chapter for real-time endpoint AI inference for wearable devices and accelerating the transition of AI from concept to real-world implementation.

    WiseEye2 AI processor features a high-performance architecture built on Cortex-M55 cores and is equipped with the Ethos-U55 AI inference engine. It supports always-on sensing, dynamic voltage and frequency scaling (DVFS), and a multi-level power management structure. The design empowers dynamic adjustments in core voltage and frequency based on the scenarios of wearable devices, enabling data collection, event triggering, and endpoint AI inference at ultralow power consumption of just a few milliwatts. This architecture significantly reduces reliance on cloud transmission, effectively lowering latency and power consumption. It also enhances real-time responsiveness and data privacy, delivering a commercially viable endpoint AI solution for devices requiring long-hour operation. Notably, WiseEye™ AI can also collaborate with cloud-based large language models (LLMs), further enhancing the device’s ability to perceive, understand, and interact with complex real -world scenarios.

    bboni Ai Brings AI to the Endpoint: On-Device AI Processing. No Cloud Needed

    Featuring integrated motion sensing capability and ultralow power AI powered by Himax’s WiseEye2 AI processor, the bboni Ai system enables real-time motion analysis, posture recognition, and behavior interpretation directly on the endpoint device, eliminating the need for cloud computing. With low-latency, high-efficiency, and privacy-preserving on-device AI, bboni Ai delivers a truly scalable and deployable endpoint AI solution. bboni Ai not only enhances system stability but also meets the stringent requirements for data immediacy and security in applications such as healthcare and education.

    bboni Ai Transforms Everyday Life Across Diverse Wearable Applications: Demonstrates broad real-world readiness across multiple use cases

    • Smart Healthcare: Supports WHO’s ICOPE (Integrated Care for Older People) framework, facilitating seniors to monitor physical function and rehabilitation progress at home, reducing the cost of care
    • Sports Technology: Real-time detection of user movements and behavior, providing instant motion feedback, optimizing training postures through AI analysis, improving training efficiency and reducing the risk of injury
    • Education and Interaction: Enables hands-on STEM and AI education by leveraging motion sensing and behavior analysis to foster interdisciplinary learning and innovation, cultivating the next generation of talent

    Powered by Taiwan–Based Team with bboni Ai Developer Program to Launch in July 2025

    To accelerate the development of innovative AI applications, Himax will officially launch the bboni Ai Developer Program in late-July 2025. This initiative will provide a complete set of APIs and SDKs, inviting developers, academic institutions, and corporate partners jointly to create a robust and commercial-ready endpoint AI ecosystem, advancing Taiwan’s AI technology around the globe.

    “The bboni Ai system was entirely developed by a Taiwanese team, integrating key technologies such as semiconductor design, sensor technology, AI algorithms, and software-hardware integration, showcasing Taiwan’s technical strength in smart sensing and endpoint AI,” said Richard Chiang, Chairman of Rabboni.

    “WiseEye’s ultralow power and always-on sensing capabilities make it a perfect fit for power-constrained endpoint devices, especially wearable applications in smart care, interactive education, and health monitoring that require long-hour operation,” said Mark Chen, Vice President of Smart Sensing Business at Himax. “Himax is excited to collaborate with Rabboni to integrate our respective technological strengths and bring AI out of the conceptual stage and into everyday life, enabling truly meaningful smart applications.”

    About Rabboni Co., Ltd.

    Rabboni Co., Ltd., originating from Silicon Instruments Co., Ltd. founded in 2009, is dedicated to integrating next-generation semiconductor sensing and edge computing to build the foundation of smart living. The company empowers professionals across various service domains to achieve digital and AI transformation, thereby enhancing their value-added services. For years, Rabboni has supported National Yang Ming Chiao Tung University (NYCU) in university social responsibility (USR) programs and MIT-collaborated science outreach projects, as well as medical research initiatives. Through these efforts, Rabboni has developed interdisciplinary platform technologies and established a comprehensive industry chain for smart sensing and wearable technologies.

    Rabboni also introduced the TEA Innovation Service Platform, inspired by the concept: “Technology x Experts x Aids = Brew better futures.” In collaboration with Himax’s engineering team, Rabboni successfully completed the development of the bboni Ai platform. An Endpoint AI Startup Competition will soon be co-hosted by Himax, Rabboni, and NYCU, featuring the world’s tiniest and ultralow power bboni Ai system.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,609 patents granted and 370 patents pending approval worldwide as of June 30, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:

    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    www.mzgroup.us

    The MIL Network –

    July 14, 2025
  • MIL-Evening Report: Was the Air India crash caused by pilot error or technical fault? None of the theories holds up – yet

    Source: The Conversation (Au and NZ) – By Guido Carim Junior, Senior Lecturer in Aviation, Griffith University

    Over the weekend, the Indian Aircraft Accident Investigation Bureau released a preliminary report on last month’s crash of Air India flight 171, which killed 260 people, 19 of them on the ground.

    The aim of a preliminary report is to present factual information gathered so far and to inform further lines of inquiry. However, the 15-page document has also led to unfounded speculation and theories that are currently not supported by the evidence.

    Here’s what the report actually says, why we don’t yet know what caused the crash, and why it’s important not to speculate.

    What the preliminary report does say

    What we know for certain is that the aircraft lost power in both engines just after takeoff.

    According to the report, this is supported by video footage showing the deployment of the ram air turbine (RAT), and the examination of the air inlet door of the auxiliary power unit (APU).

    The RAT is deployed when both engines fail, all hydraulic systems are lost, or there is a total electrical power loss. The APU air inlet door opens when the system attempts to start automatically due to dual engine failure.

    The preliminary investigation suggests both engines shut down because the fuel flow stopped. Attention has now shifted to the fuel control switches, located on the throttle lever panel between the pilots.

    This is what the fuel switches look like, with the throttle lever above them.
    Aircraft Accident Investigation Bureau

    Data from the enhanced airborne flight recorder suggests these switches may have been moved from “run” to “cutoff” three seconds after liftoff. Ten seconds later, the switches were moved back to “run”.

    The report also suggests the pilots were aware the engines had shut down and attempted to restart them. Despite their effort, the engines couldn’t restart in time.

    We don’t know what the pilots did

    Flight data recorders don’t capture pilot actions. They record system responses and sensor data, which can sometimes lead to the belief they’re an accurate representation of the pilot’s actions in the cockpit.

    While this is true most of the time, this is not always the case.

    In my own work investigating safety incidents, I’ve seen cases in which automated systems misinterpreted inputs. In one case, a system recorded a pilot pressing the same button six times in two seconds, something humanly impossible. On further investigation, it turned out to be a faulty system, not a real action.

    We cannot yet rule out the possibility that system damage or sensor error led to false data being recorded. We also don’t know whether the pilots unintentionally flicked the switches to “cutoff”. And we may never know.

    As we also don’t have a camera in the cockpit, any interpretation of pilots’ actions will be made indirectly, usually through the data sensed by the aircraft and the conversation, sound and noise captured by the environmental microphone available in the cockpit.

    We don’t have the full conversation between the pilots

    Perhaps the most confusing clue in the report was an excerpt of a conversation between the pilots. It says:

    In the cockpit voice recording, one of the pilots is heard asking the other why did he cutoff. The other pilot responded that he did not do so.

    This short exchange is entirely without context. First, we don’t know who says what. Second, we don’t know when the question was asked – after takeoff, or after the engine started to lose power? Third, we don’t know the exact words used, because the excerpt in the report is paraphrased.

    Finally, we don’t know whether the exchange referred to the engine status or the switch position. Again, we may never know.

    What’s crucial here is that the current available evidence doesn’t support any theory about intentional fuel cutoff by either of the pilots. To say otherwise is unfounded speculation.

    We don’t know if there was a mechanical failure

    The preliminary report indicates that, for now, there are no actions required by Boeing, General Electric or any company that operates the Boeing 787-8 and/or GEnx-1B engine.

    This has led some to speculate that a mechanical failure has been ruled out. Again, it is far too early to conclude that.

    What the preliminary report shows is that the investigation team has not found any evidence to suggest the aircraft suffered a catastrophic failure that requires immediate attention or suspension of operations around the world.

    This could be because there was no catastrophic failure. It could also be because the physical evidence has been so badly damaged that investigators will need more time and other sources of evidence to learn what happened.

    Why we must resist premature conclusions

    In the aftermath of an accident, there is much at stake for many people: the manufacturer of the aircraft, the airline, the airport, civil aviation authority and others. The families of the victims understandably demand answers.

    It’s also tempting to latch onto a convenient explanation. But the preliminary report is not the full story. It’s based on very limited data, analysed under immense pressure, and without access to every subsystem or mechanical trace.

    The final report is still to come. Until then, the responsible position for regulators, experts and the public is to withhold judgement.

    This tragedy reminds us that aviation safety depends on patient and thorough investigation – not media soundbites or unqualified expert commentary. We owe it to the victims and their families to get the facts right, not just fast.

    Guido Carim Junior has received funding from Boeing R&D Australia to conduct research projects in the past five years.

    – ref. Was the Air India crash caused by pilot error or technical fault? None of the theories holds up – yet – https://theconversation.com/was-the-air-india-crash-caused-by-pilot-error-or-technical-fault-none-of-the-theories-holds-up-yet-261102

    MIL OSI Analysis – EveningReport.nz –

    July 14, 2025
  • MIL-OSI Submissions: Was the Air India crash caused by pilot error or technical fault? None of the theories holds up – yet

    Source: The Conversation – Global Perspectives – By Guido Carim Junior, Senior Lecturer in Aviation, Griffith University

    Over the weekend, the Indian Aircraft Accident Investigation Bureau released a preliminary report on last month’s crash of Air India flight 171, which killed 260 people, 19 of them on the ground.

    The aim of a preliminary report is to present factual information gathered so far and to inform further lines of inquiry. However, the 15-page document has also led to unfounded speculation and theories that are currently not supported by the evidence.

    Here’s what the report actually says, why we don’t yet know what caused the crash, and why it’s important not to speculate.

    What the preliminary report does say

    What we know for certain is that the aircraft lost power in both engines just after takeoff.

    According to the report, this is supported by video footage showing the deployment of the ram air turbine (RAT), and the examination of the air inlet door of the auxiliary power unit (APU).

    The RAT is deployed when both engines fail, all hydraulic systems are lost, or there is a total electrical power loss. The APU air inlet door opens when the system attempts to start automatically due to dual engine failure.

    The preliminary investigation suggests both engines shut down because the fuel flow stopped. Attention has now shifted to the fuel control switches, located on the throttle lever panel between the pilots.

    This is what the fuel switches look like, with the throttle lever above them.
    Aircraft Accident Investigation Bureau

    Data from the enhanced airborne flight recorder suggests these switches may have been moved from “run” to “cutoff” three seconds after liftoff. Ten seconds later, the switches were moved back to “run”.

    The report also suggests the pilots were aware the engines had shut down and attempted to restart them. Despite their effort, the engines couldn’t restart in time.

    We don’t know what the pilots did

    Flight data recorders don’t capture pilot actions. They record system responses and sensor data, which can sometimes lead to the belief they’re an accurate representation of the pilot’s actions in the cockpit.

    While this is true most of the time, this is not always the case.

    In my own work investigating safety incidents, I’ve seen cases in which automated systems misinterpreted inputs. In one case, a system recorded a pilot pressing the same button six times in two seconds, something humanly impossible. On further investigation, it turned out to be a faulty system, not a real action.

    We cannot yet rule out the possibility that system damage or sensor error led to false data being recorded. We also don’t know whether the pilots unintentionally flicked the switches to “cutoff”. And we may never know.

    As we also don’t have a camera in the cockpit, any interpretation of pilots’ actions will be made indirectly, usually through the data sensed by the aircraft and the conversation, sound and noise captured by the environmental microphone available in the cockpit.

    We don’t have the full conversation between the pilots

    Perhaps the most confusing clue in the report was an excerpt of a conversation between the pilots. It says:

    In the cockpit voice recording, one of the pilots is heard asking the other why did he cutoff. The other pilot responded that he did not do so.

    This short exchange is entirely without context. First, we don’t know who says what. Second, we don’t know when the question was asked – after takeoff, or after the engine started to lose power? Third, we don’t know the exact words used, because the excerpt in the report is paraphrased.

    Finally, we don’t know whether the exchange referred to the engine status or the switch position. Again, we may never know.

    What’s crucial here is that the current available evidence doesn’t support any theory about intentional fuel cutoff by either of the pilots. To say otherwise is unfounded speculation.

    We don’t know if there was a mechanical failure

    The preliminary report indicates that, for now, there are no actions required by Boeing, General Electric or any company that operates the Boeing 787-8 and/or GEnx-1B engine.

    This has led some to speculate that a mechanical failure has been ruled out. Again, it is far too early to conclude that.

    What the preliminary report shows is that the investigation team has not found any evidence to suggest the aircraft suffered a catastrophic failure that requires immediate attention or suspension of operations around the world.

    This could be because there was no catastrophic failure. It could also be because the physical evidence has been so badly damaged that investigators will need more time and other sources of evidence to learn what happened.

    Why we must resist premature conclusions

    In the aftermath of an accident, there is much at stake for many people: the manufacturer of the aircraft, the airline, the airport, civil aviation authority and others. The families of the victims understandably demand answers.

    It’s also tempting to latch onto a convenient explanation. But the preliminary report is not the full story. It’s based on very limited data, analysed under immense pressure, and without access to every subsystem or mechanical trace.

    The final report is still to come. Until then, the responsible position for regulators, experts and the public is to withhold judgement.

    This tragedy reminds us that aviation safety depends on patient and thorough investigation – not media soundbites or unqualified expert commentary. We owe it to the victims and their families to get the facts right, not just fast.

    Guido Carim Junior has received funding from Boeing R&D Australia to conduct research projects in the past five years.

    – ref. Was the Air India crash caused by pilot error or technical fault? None of the theories holds up – yet – https://theconversation.com/was-the-air-india-crash-caused-by-pilot-error-or-technical-fault-none-of-the-theories-holds-up-yet-261102

    MIL OSI –

    July 14, 2025
  • MIL-Evening Report: Confusing for doctors, inequitable for patients: why Australia’s medicinal cannabis system needs urgent reform

    Source: The Conversation (Au and NZ) – By Christine Mary Hallinan, Senior Research Fellow, Department of General Practice and Primary Care, Faculty of Medicine, Dentistry and Health Sciences, The University of Melbourne

    Vanessa Nunes/Getty Images

    In 2024 alone, Australia’s medicines regulator, the Therapeutic Goods Administration (TGA), authorised at least 979,000 prescription applications for medicinal cannabis through its specialised access pathways.

    These “specialised access” mechanisms were originally designed for occasional, case-by-case use of unapproved drugs. But they have become mainstream.

    As more and more people receive medicinal cannabis prescriptions, we’re left with a system that is misaligned with its original purpose.

    The current prescribing landscape for medicinal cannabis is confusing for doctors, inequitable for patients, and difficult to regulate.

    The Australian Health Practitioner Regulation Agency (Ahpra) recently announced it’s going to crack down on unsafe prescribing. But this doesn’t go far enough. The system needs urgent reform.

    What is medicinal cannabis used for?

    Medicinal cannabis was legalised in Australia in 2016. Products come in different forms including oils, liquids, capsules, gels (which can be applied to the skin), dried flower (which can be inhaled using a vapouriser) and gummies.

    Key ingredients include THC (tetrahydrocannabinol) and CBD (cannabidiol). THC is the main psychoactive compound in cannabis, and is responsible if a “high” is experienced.

    When it was first legalised, medicinal cannabis was intended for patients with complex needs and severe, treatment-resistant conditions.

    The TGA clearly indicated medicinal cannabis should not be considered a first-line treatment for any condition, and should be administered with a “start low, go slow” dosage approach.

    Patients for whom it might be deemed appropriate included those receiving palliative care, or suffering with intractable epilepsy, multiple sclerosis, nausea and vomiting from chemotherapy, or chronic pain unresponsive to standard care.

    But over time, prescribing has expanded well beyond these cases. Today, most medicinal cannabis prescriptions are given for relatively common conditions such as chronic pain, anxiety and sleep disorders.

    What does the evidence say?

    The evidence remains inconsistent. Chronic pain – the most common reason medicinal cannabis is prescribed in Australia – offers a key example.

    According to a recent TGA review, some randomised trials suggest medicinal cannabis may help a subset of patients achieve moderate reductions in pain. However, many studies are small, of variable quality, and don’t account for long-term effects.

    And like all medicines, medicinal cannabis carries risks. Products containing THC have been linked to side-effects such as sedation, dizziness and cognitive impairment.

    While generally better tolerated, CBD is not risk-free. For example, both CBD and THC can interact with certain medications, heightening the likelihood of adverse effects.

    Access over evidence

    In Australia, approved medicines undergo rigorous clinical testing before they’re registered. Drug manufacturers’ applications to the TGA normally include detailed data on efficacy as well as long-term safety monitoring and quality controls.

    But driven by patient advocacy, political responsiveness, and commercial momentum, medicinal cannabis has come to reflect a different model.

    Most medicinal cannabis products – bar two which have TGA approval – lack the evidence demonstrating safety, quality and efficacy required of registered pharmaceuticals.

    In other words, the majority are not subject to the rigorous trials or data standards required for formal registration with the TGA’s Australian Register of Therapeutic Goods.

    For many doctors, whose prescribing has traditionally been guided by strong trial data and rigorous regulatory review, this doesn’t sit well.

    Doctors are often flying blind

    While companies can legally sell cannabis products via access schemes without investing in clinical research, doctors are expected to prescribe without consistent information on what works, for whom, and at what dose.

    The TGA oversees access pathways but is neither resourced nor mandated to provide clinical oversight or direct support to prescribers, leaving many clinicians to navigate the system alone.

    Prescriptions are frequently granted via telehealth and posted to patients.

    Growing concerns have emerged that some care models – particularly high-volume telehealth services – are prioritising patient throughput over clinical judgment, and not spending enough time with patients.

    For example, Ahpra reported eight practitioners issued more than 10,000 medicinal cannabis scripts in a six-month period, while one appeared to have issued in excess of 17,000.

    The surge in prescribing has been further shaped by active marketing from some cannabis companies, outpacing the development of coordinated clinical guidance and safety monitoring infrastructure.

    Many people who get a script for medicinal cannabis do so via telehealth.
    Geber86/Shutterstock

    Access and affordability: a system failing patients

    Some people, including those living in rural and remote areas, can find it difficult to navigate medicinal cannabis prescribing processes. This can be due to limited digital access and fewer opportunities for follow-up with a local GP. These challenges make it harder for people to make informed decisions about their care.

    Cost is also a major issue, particularly where bulk billing is unavailable or multiple consultations are needed. This is on top of the cost of the products.

    One of the two TGA-approved medicinal cannabis products, Sativex, used to treat muscle stiffness in multiple sclerosis, is not currently subsidised by the Pharmaceutical Benefits Scheme. This means patients pay the full cost, which ranges between A$700 and $800 for a 6–8 week supply.




    Read more:
    We looked at 54 medicinal cannabis websites to see if they followed the rules. Here’s what we found


    What needs to change?

    Australia’s medicinal cannabis system is based on a fragmented evidence base and a fast-growing market operating with limited visibility into how products are used or evaluated. Addressing these challenges will require coordinated reform across multiple fronts.

    1. Capture real-world data

    Most urgently, we need robust, real-world data. To deliver safe and equitable care, we must know how medicinal cannabis is being prescribed, for what conditions, under what circumstances, and with what outcomes.

    Without this, we cannot answer the most basic questions about clinical benefits or track adverse events.

    Real-world data, such as de-identified health information from clinics, could help inform better clinical and policy decisions.

    2. Build a national accreditation model

    Australia needs a national prescriber accreditation model for medicinal cannabis, developed in collaboration with clinicians, regulators and professional bodies.

    Such a model would help ensure prescribing is clinically appropriate, evidence-informed, and consistent with evolving standards of care. In practice, this would mean health professionals would need to complete specific training before prescribing medicinal cannabis.

    This approach is not without precedent. For example, some health professionals must undergo immuniser accreditation before they can administer vaccines independently.

    3. Tackle inequity

    Finally, we must confront persistent access inequities. That includes exploring government subsidies for TGA-approved medicinal cannabis products. No one should have to choose between financial hardship and safe access.

    Dr Christine Hallinan, Senior Reseach Fellow, conducted research on the pharmacovigilance of medicinal cannabis at the University of Melbourne as part of the Pharmacovigilance theme within the Australian Centre for Cannabinoid Clinical and Research Excellence (ACRE), which was funded by the National Health and Medical Research Council (NHMRC) through the Centre of Research Excellence (CRE) scheme. She served as an Associate Investigator on ACRE from 2017 to 2023. Christine Hallinan is also a member of an Expert Roundtable on medicinal cannabis, chaired by Ian Freckelton AO KC and facilitated by Montu. The Roundtable brings together experts from medicine, law, research, and policy to contribute recommendations for a more evidence-based and fit-for-purpose regulatory framework. These roles are disclosed in the interest of transparency and do not influence the content or conclusions of this work.

    – ref. Confusing for doctors, inequitable for patients: why Australia’s medicinal cannabis system needs urgent reform – https://theconversation.com/confusing-for-doctors-inequitable-for-patients-why-australias-medicinal-cannabis-system-needs-urgent-reform-257249

    MIL OSI Analysis – EveningReport.nz –

    July 14, 2025
  • MIL-OSI New Zealand: Rural News – New finance rules risk cutting off rural lending – Federated Farmers

    Source: Federated Farmers

    Federated Farmers is calling for new proposed ‘green’ finance rules to be scrapped, warning they’re ideologically driven, unworkable, and risk doing real harm to rural communities.
    In a letter sent to Ministers and key officials on July 11, the organisation outlined a series of serious concerns with the Sustainable Finance Taxonomy.
    “This framework is fundamentally flawed,” Federated Farmers banking spokesperson Mark Hooper says.
    “It has been created without meaningful input from working farmers, it imposes unrealistic standards, and it risks cutting off financial services to legitimate, productive rural businesses.”
    The Sustainable Finance Taxonomy is being developed by the Centre for Sustainable Finance and the Ministry for the Environment to provide a consistent framework for defining what is ‘green’ or ‘sustainable’ in financial markets.
    Federated Farmers says it would create major risks for New Zealand’s agricultural sector and is urging the Government to halt the process entirely.
    “One of our core concerns is the lack of practical farming expertise involved in developing the taxonomy,” Hooper says.
    “There are no hands-on farmers involved with the Technical Advisory Group. Instead, it’s full of shiny-shoed bankers, sustainability advisors, and forestry lobbyists.
    “If you’re designing a finance framework for agriculture, farmers must be at the table. This is a total governance failure.”
    Without real-world knowledge of farming systems, the framework fails to reflect the operational realities and sustainability efforts already embedded in New Zealand’s primary sector.
    For example, the proposed taxonomy defines ‘green’ farming as producing less than one tonne of CO₂ equivalent per hectare per year.
    “This threshold is so low that no working New Zealand farm could realistically qualify, even though we’re home to the most emissions-efficient food producers in the world,” Hooper says.
    “It s

    MIL OSI New Zealand News –

    July 14, 2025
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