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Category: Finance

  • MIL-OSI Russia: Government meeting (2024, No. 30)

    MILES AXLE Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    1. On the draft federal law “On Amendments to Article 111 of the Federal Law “On Compulsory Civil Liability Insurance of Vehicle Owners””

    The bill establishes the possibility for insurers to issue a notification of a road traffic accident in the form of an electronic document without the participation of authorized police officers using the Unified Identification and Authentication System (UIAS).

    2. On the allocation of budgetary appropriations to the Ministry of Finance of Russia in 2024 from the reserve fund of the Government of the Russian Federation for the provision of subsidies to the joint-stock company DOM.RF for the purpose of compensating credit and other organizations for lost income on housing (mortgage) loans (credits) issued to citizens of the Russian Federation

    The decision is aimed at ensuring compensation to credit and other organizations for lost income on housing (mortgage) loans (credits) issued under the preferential mortgage programs “Preferential Mortgage”, “Family Mortgage” and “Far Eastern and Arctic Mortgage”.

    3. On the distribution of subsidies to support measures to ensure the balance of the budgets of the Donetsk People’s Republic, the Lugansk People’s Republic, the Zaporizhia region and the Kherson region

    The decision is aimed at providing additional financial assistance to the Donetsk People’s Republic, the Luhansk People’s Republic, the Zaporizhia region and the Kherson region.

    4. On the allocation of budgetary appropriations to Rosavtodor in 2024 to provide the budget of the Smolensk region with a subsidy from the federal budget for bringing highways and artificial road structures into compliance with the standard

    The funding is aimed at ensuring the restoration and repair of the road overpass in the city of Vyazma, Smolensk region.

    5. On the allocation by the Ministry for the Development of the Russian Far East in 2024 of budgetary allocations reserved in the federal budget for the provision of a subsidy in the form of a property contribution of the Russian Federation to the state development corporation VEB.RF

    The decision is aimed at implementing priority investment projects in the Far Eastern Federal District and state support for regular transportation along the Northern Sea Route.

    6. On the allocation in 2024 by the Ministry for the Development of the Russian Far East of budgetary allocations reserved in the federal budget for the provision of subsidies to the constituent entities of the Russian Federation that are part of the Far Eastern Federal District for the implementation of measures of the social development plans of economic growth centers

    7. On the draft federal law “On Amending Article 353 of the Labor Code of the Russian Federation”

    Establishing the possibility of implementing state control (supervision) over the activities of organizations conducting special assessments of working conditions, and improving the quality of such assessments.

    8. On the allocation in 2024 of budgetary appropriations to the Ministry of Labor of Russia for the provision of subventions to the budgets of the constituent entities of the Russian Federation and the city of Baikonur for the payment of housing and communal services to certain categories of citizens

    The decision is aimed at ensuring the timely provision of social support measures for the payment of housing and communal services to citizens exposed to radiation as a result of the Chernobyl disaster, the accident at the Mayak production association and the discharge of radioactive waste into the Techa River, nuclear tests at the Semipalatinsk test site, as well as certain categories of citizens from among veterans and disabled people.

    9. On the Government Commission on issues of nature management and environmental protection, development of forestry and water management complexes

    The draft resolution provides for the formation of an updated Government Commission on Nature Management and Environmental Protection, Development of the Forestry and Water Management Complexes and the approval of the regulations on the commission, as well as the abolition of the Government Commission on Nature Management and Environmental Protection and the Government Commission on Development of the Forestry Complex.

    10. On the draft order of the Government of the Russian Federation on the allocation of budgetary allocations to the Ministry of Agriculture of Russia in 2024 for the provision of subsidies from the federal budget to Russian credit institutions and the joint-stock company DOM.RF

    The funding is intended to compensate for lost income on housing (mortgage) loans (credits) issued to citizens for the construction (purchase) of housing in rural areas, as well as to compensate for lost income on consumer loans (credits) issued to improve the level of improvement of households located in rural areas.

    11. On the draft order of the Government of the Russian Federation on the allocation in 2024 of budgetary appropriations to the Ministry of Agriculture of Russia for the provision of subsidies from the federal budget to Russian credit institutions and the state development corporation VEB.RF to compensate for lost income on loans issued to agricultural producers, organizations and individual entrepreneurs engaged in the production, primary and subsequent processing of agricultural products and their sale, at a preferential rate

    The decision is aimed at ensuring the implementation of the preferential lending program for the agro-industrial complex in 2024.

    12. On the allocation of budgetary appropriations to the Russian Emergencies Ministry in 2024 from the reserve fund of the Government of the Russian Federation for the purpose of providing another inter-budget transfer to the budget of the Kursk region

    The decision is aimed at providing citizens who suffered as a result of the attack by the Ukrainian armed forces on the territory of the Kursk region with financial assistance in connection with the partial or complete loss of essential property.

    13. On amendments to certain acts of the Government of the Russian Federation

    The changes concern the clarification of the powers of federal and regional executive bodies in the field of heat supply, as well as the procedure for organizing heat supply, regulating relations on the development and approval of heat supply schemes for municipal districts.

    14. On the draft federal law “On Amending Article 7 of the Federal Law “On Combating the Legalization (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism”

    The adoption of the draft federal law will allow banks to test the most optimal methods of remote identification within the framework of an experimental legal regime.

    15. On the progress of the implementation of the comprehensive state program of the Russian Federation “Construction” in 2024

    Moscow, October 16, 2024

    The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/meetings/53021/

    MIL OSI Russia News –

  • MIL-OSI Russia: Two integrated development projects are being implemented on part of the former Khapilovka industrial zone

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    About nine hectares of land will be reorganized in part of the former Khapilovka industrial zone as part of two integrated territorial development projects (ITD). This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “As part of the comprehensive development of part of the former industrial zone Khapilovka, KRT operators will build 93.4 thousand square meters of various real estate on four sites with a total area of about nine hectares. The project implementation periods vary from four to five years. Investments in the development of the sites are estimated at 9.8 billion rubles. As a result, about 400 jobs will be created,” said Vladimir Efimov.

    The plots are located in the Preobrazhenskoye district, not far from the Preobrazhenskaya Ploshchad and Semenovskaya metro stations and the Izmailovo platform of the Moscow Central Circle.

    “Modern housing for renovation purposes and other city needs with an area of 77.8 thousand square meters will appear within five years on three sites of the former industrial zone Khapilovka with a total area of 4.17 hectares, included in one KRT project. On another site with an area of 4.8 hectares, about 15.6 thousand square meters of communal facilities will be built in four years. All sites will be landscaped and greened, and new roads will be laid,” added the Minister of the Moscow Government, head of the capital’s Department of City Property

    Maxim Gaman.

    According to the program of integrated development of territories, multifunctional city quarters are created, where roads, comfortable housing and all necessary infrastructure are designed on the site of former industrial zones and inefficiently used areas. Currently, 236 KRT projects with a total area of more than 3.1 thousand hectares are at various stages of implementation in Moscow. Their development is underway on behalf of Sergei Sobyanin.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/145350073/

    MIL OSI Russia News –

  • MIL-OSI Security: KC Man Pleads Guilty to Three Fentanyl Overdose Deaths

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

    KANSAS CITY, Mo. – A Kansas City, Mo., man pleaded guilty in federal court today to distributing fentanyl, which resulted in three overdose deaths in Belton and Raymore, Mo., as part of a drug-trafficking conspiracy.

    Tiger Dean Draggoo, 24, pleaded guilty before U.S. District Judge Roseann A. Ketchmark to one count of conspiracy to distribute fentanyl and three counts of distributing fentanyl resulting in death.

    By pleading guilty today, Draggoo admitted that he distributed fentanyl on Sept. 3, 2022, the use of which caused the death of another person. Draggoo admitted that he distributed fentanyl between Aug. 22 and Sept. 13, 2022, the use of which caused the death of another person. Draggoo admitted that he distributed fentanyl between Dec. 7 and 20, 2022, the use of which caused the death of another person.

    Draggoo also admitted that the government’s evidence of the total amount of drugs he is responsible for distributing or possessing is at least 22,364 pills that contained a total of 2,460 grams of fentanyl.

    Victim #1 Fatality

    On Sept. 4, 2022, Cass County, Mo., sheriff’s deputies found a juvenile, identified in court documents as “Victim #1,” deceased in her bedroom. An autopsy report identified “Fentanyl Intoxication” as the cause of death. Investigators determined that Draggoo was selling fentanyl pills to the victim and had supplied her with fentanyl pills on the evening of Sept. 3, 2022.

    Victim #2 Fatality

    On Sept. 13, 2022, a deceased person, identified in court documents as “Victim #2,” was found in the Belton residence where she lived with her mother. A blue pill was found in her bedroom, which was tested and determined to contain fentanyl. An autopsy report identified the cause of death as “Acute Fentanyl Toxicity.” Investigators learned that Draggoo was selling fentanyl pills to Victim #2. Draggoo typically would drop off pills near midnight at Victim #2’s bedroom window, and cell phone GPS information indicated Draggoo was in the area of Victim #2’s residence at approximately 12:20 a.m on Sept. 13, 2022.

    Attempted Arrest of Draggoo

    On Sept. 22, 2022, law enforcement officers conducted surveillance of Draggoo’s apartment and attempted to arrest him. Draggoo got into a Jeep Renegade driven by his brother, co-defendant Colt Justin Draggoo, 21, of Kansas City, Mo. Officers attempted to conduct a traffic stop of the vehicle, but the vehicle fled. Tiger and Colt Draggoo later returned to the apartment complex, but when an officer drove into the parking lot, Tiger Draggoo ran into the apartment building and was able to escape.

    Colt Draggoo was arrested. Officers found a loaded Springfield Armory 9mm handgun sitting on the driver’s seat of the Jeep. A laundry bag in the back seat contained two fire safes that had a total of $184,500 in cash. Colt Draggoo has pleaded guilty to his role in the drug-trafficking conspiracy.

    Officers searched Tiger Draggoo’s apartment and found 17 firearms, including two machine guns, ammunition of various calibers, $246,769 in cash, a ballistic vest with plates, a money counter, numerous pills that contained fentanyl, eight suspected LSD tabs, and marijuana. The 17 firearms included a Del-Ton 5.56-caliber rifle (converted into a machine gun), a Glock switch (used to convert a Glock pistol into a machine gun), three Marlin .22-caliber rifles, a Norinco 7.62-caliber rifle, a Mosin-Nagant rifle, an Anderson Manufacturing AM-15 .223-caliber rifle, a Mossberg 12-gauge shotgun, an Armscorp USA .308-caliber rifle, a Century Arms 7.62-caliber rifle, a Herbert Schmidt .22-caliber revolver, a New England Firearms .22-caliber revolver, a Kimber 9mm pistol, a Glock 9mm pistol, a Sig Sauer 9mm pistol, and a Metro Arms .45-caliber pistol.

    Victim #3 Fatality

    On Dec. 20, 2022, Raymore police officers were dispatched to a residence in Raymore regarding a non-breathing female, identified in court documents as Victim #3. Victim #3 was transported to a local hospital where she was pronounced deceased. A small jewelry box in Victim #3’s bedroom contained three broken segments of a blue pill that were tested and determined to contain fentanyl. An autopsy report identified the cause of death as “Acute Fentanyl Toxicity.” Investigators learned that Tiger Draggoo had been selling fentanyl to Victim #3 since as early as May 31, 2022. The last Facebook Messengers conversation between Tiger Draggoo and Victim #3 occurred on Dec. 7, 2022, when they agreed to meet and an amount of $50 was agreed upon.

    Arrest of Draggoo

    Tiger Draggoo was arrested at his residence on Jan. 20, 2023. Tiger Draggoo was in possession of almost $2,000 in cash in his billfold and pockets. Officers searched Tiger Draggoo’s apartment and recovered pills from the toilet. Officers also found suspected psilocybin mushrooms, 144 grams of yellow THC wax, and more than $62,000 in additional cash. Officers searched Tiger Draggoo’s Honda Accord and found three handguns, a Palmetto State Armory multi-caliber rifle, an unregistered short-barreled 12-gauge shotgun, and $1,250 in cash. Officers searched his girlfriend’s Jeep Renegade, which was located at the apartment complex, and found a backpack that contained more than $82,000 in cash.

    Under federal statutes, Tiger Draggoo is subject to a mandatory minimum sentence of 20 years in federal prison without parole, up to a sentence of life in federal prison without parole. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

    This case is being prosecuted by Assistant U.S. Attorneys Brad K. Kavanaugh and Robert Smith. It was investigated by the Jackson County Drug Task Force, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Belton, Mo., Police Department, the Raymore, Mo., Police Department, the Cass County, Mo., Sheriff’s Department, and the FBI.

    MIL Security OSI –

  • MIL-OSI Russia: More than 1.6 million square meters of industrial space to be built in Moscow under preferential investment lending program

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Thanks to the program of preferential investment lending, more than 1.6 million square meters of new industrial space will be built in the capital. This was reported by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    “On the instructions of Sergei Sobyanin, from 2022

    Moscow Foundation for Support of Industry and Entrepreneurshipis implementing a program to subsidize interest rates on preferential investment loans at three percent up to three billion rubles for the development of production for a period of three years. According to the contracts concluded since the instrument was put into effect, more than 1.6 million square meters of production space will be built in the capital, and more than 27.5 thousand new jobs will be created,” said Maxim Liksutov.

    New production facilities will appear in the city, where they will produce medical products, medicines, food products, microelectronics, building materials and much more.

    “In just nine months of 2024, thanks to the mechanism of preferential investment lending, Moscow enterprises attracted funds for the construction of more than 781 thousand square meters of industrial space, where 12.5 thousand jobs will be created,” noted the Minister of the Moscow Government, head of the capital’s Department of Investment and Industrial Policy

    Anatoly Garbuzov.

    In particular, the Itelma enterprise, which produces electronics for transport, will be able to attract three billion rubles for the construction of a new industrial facility. Its area will be 84.6 thousand square meters. Research and development, information technology and electronics centers will be located inside.

    The tea and spice manufacturer Ekom Company has acquired industrial infrastructure with an area of almost six thousand square meters and more than 50 units of equipment. For these purposes, the organization was able to attract 710 million rubles. The new facility will be commissioned in the second or third quarter of 2025.

    Under the preferential investment lending program, the capital’s Alfa company attracted 500 million rubles. The funds will be used to build a new plant for the production of reinforced concrete structures and commercial concrete. The area of the facility will be almost 14 thousand square meters. After expansion, the enterprise will increase the output of products used in the construction of residential buildings and significant social and infrastructure facilities. When the project is completed, the city will receive 60 jobs. The plant is planned to be commissioned in 2025.

    The Ankom-med company, which produces medical equipment, was able to attract 150 million rubles to purchase a production site with an area of 1.5 thousand square meters. Thanks to this, the enterprise will increase the volume of manufactured products.

    To receive funds at a preferential rate, you must first enter into a loan agreement and then contact the Moscow Fund for Support of Industry and Entrepreneurship. After the application is approved, you must sign a financial support agreement to compensate for part of the costs of paying interest on the loan. After that, the required amount will be transferred to the company’s account at the bank where the loan is opened. Detailed information can be found on the foundation’s website.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/145384073/

    MIL OSI Russia News –

  • MIL-OSI: Lantronix Unveils SmartLV, the First AI-Enabled IoT Edge Compute Cellular Gateway, Powered by Qualcomm

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, has launched SmartLV, powered by the Qualcomm® IQ-615 processor, the first AI-enabled IoT Edge Compute Cellular Gateway. This groundbreaking innovation, designed specifically for low-voltage substations and distribution automation applications in next-generation smart grids, utilities and industrial sectors, will debut at Enlit Europe, Oct. 22–24, 2024, in Milan, Italy.

    SmartLV is engineered to revolutionize real-time visibility, control and automation in the energy sector, providing Distribution System Operators (DSOs) with the ability to manage and steer energy precisely when and where it’s needed. Built with advanced cybersecurity protocols and AI capabilities, the SmartLV ensures robust, reliable and secure operations for mission-critical applications, offering unmatched control over low-voltage substations and Distributed Energy Resources (DERs).

    “The SmartLV Gateway is a leap forward in empowering utility operators with critical, real-time insights and control over their low-voltage substations,” said Mathi Gurusamy, Chief Strategy Officer at Lantronix. “By utilizing Qualcomm Technologies’ AI technology, this solution helps to address today’s most pressing challenges at the edge of the smart grid.”

    AI at the Edge: Transforming Energy Management

    With growing demand for smarter and greener energy grids, the SmartLV Gateway empowers DSOs to anticipate and respond to real-time grid conditions, optimizing energy flow and ensuring stability even during peak loads. This AI-driven platform doesn’t just monitor; it enables intelligent energy steering and dynamic decision-making at the edge.

    “SmartLV exemplifies the fusion of AI and connectivity in tackling critical challenges within smart grids. Qualcomm® and Lantronix are enabling DSOs to have enhanced control and insights into the distribution network, transforming how energy is delivered and consumed and accelerating the grid transformation in Europe,” added Sebastiano Di Filippo, Senior Director of Business Development at Qualcomm Europe Inc.

    SmartLV Gateway key features include:

    • Multi-protocol communication: Seamlessly integrates with existing infrastructure via Ethernet, Serial, I/O and Industrial Protocol conversion suites, offering flexibility across legacy and modern systems.
    • High-speed connectivity: Future-resilient with LTE and 5G-ready high-speed cellular communication for reliable, low-latency operations.
    • Edge computing for real-time decisions: AI-enabled edge computing that powers low-latency analysis, enabling split-second decision-making directly at the substation.
    • Advanced cybersecurity: Fortified with Lantronix’s InfiniShield™ security framework to defend against cyber threats, ensuring uninterrupted operations.
    • Simplified management with Lantronix’s Percepxion™ IoT Edge Platform: Offers seamless management with global cellular plans, VPN security and an easy-to-use cloud platform to monitor and control deployments.
    • Energy Steering Automation: Provides automated, real-time control of DERs based on actual grid conditions to ensure efficient energy flow.  

    Innovation Fueled by a Long-Standing Collaboration

    The SmartLV Gateway is the latest innovation in a 15-year relationship, combining Qualcomm Technologies’ industry-leading AI and connectivity with Lantronix’s expertise in IoT solutions for industrial and smart grid applications.

    Availability

    The SmartLV Gateway is scheduled to launch in CY 2025, with some trials beginning at the end of CY 2024 for selected DSOs. For more information or to schedule a demo, visit Hall 5, MR10.

    About Lantronix   

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth industries including Smart Cities, Automotive and Enterprise. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix’s leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing. 

    For more information, visit the Lantronix website. 

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to the SmartLV AI-Enabled IoT Edge Compute Cellular Gateway for Qualcomm developers. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024; as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances. 

    © 2024 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners. 

    Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries
    Qualcomm is a trademark or registered trademark of Qualcomm Incorporated 

    Lantronix Media Contact:         
    Gail Kathryn Miller 
    Corporate Marketing & 
    Communications Manager 
    media@lantronix.com 
    949-212-0960 

    Lantronix Analyst and Investor Contact:         
    investors@lantronix.com

    The MIL Network –

  • MIL-OSI Submissions: WHO – Despite health gains, urgent action needed to meet health-related Sustainable Development Goals in the Western Pacific Region

    SOURCE: World Health Organization (WHO)

    Manila, Philippines, 17 October 2024 – According to a new report released today, countries in the World Health Organization (WHO) Western Pacific Region experienced the smallest decline in life expectancy during the COVID-19 pandemic compared to other WHO regions. Life expectancy in the Western Pacific fell by only 0.07 years during 2020-21, a minimal drop compared to the global average decline of 1.7 years. The Western Pacific now has the highest life expectancy among WHO’s six regions, rising from 72.0 years in 2000 to 77.4 years in 2021.

    However, despite this progress, the Region – comprising 37 countries and areas across Asia and the Pacific – is still grappling with critical challenges and is off-track in achieving the health-related Sustainable Development Goals (SDGs). The SDGs are the global goals adopted by world leaders to end poverty and inequality, protect the planet and ensure that all people enjoy health, justice and prosperity by 2030. The new WHO report, Health statistics in the Western Pacific Region 2023: Monitoring health for the SDGs, highlights advancements made across the Region while also emphasizing the urgent need for action. The report shows that while the COVID-19 pandemic may have done less damage to life expectancy in the Western Pacific than other regions, it nevertheless exacerbated health inequalities and disrupted progress in other areas.

    Noncommunicable diseases on the rise

    While infectious diseases and injuries were previously major causes of illness and death in the Western Pacific, the Region is undergoing a significant epidemiological shift. Noncommunicable diseases (NCDs) like heart disease, stroke, diabetes and cancer now account for nearly nine in 10 deaths. While the probability of premature death from NCDs has declined in the Region by over 25% since 2000, major challenges remain. Moreover, the Region is experiencing rapid population ageing. There are now more than 245 million people aged 65 and older in the Region – a number that is projected to double by 2050. And many older people are living with NCDs.

    A major risk factor for NCDs is alcohol and tobacco use. Consumption of alcohol in the Region has risen by 40% since 2000. Despite a decline from 7.2 litres per capita per year in 2015 to 6.1 litres in 2019, the overall increase highlights an ongoing concern for public health. Similarly, although tobacco use declined from 28.0% of adults smoking in 2000 to 22.5% in 2022, this was still above the global average of 20.9%.

    Mental health issues are also taking their toll on the population, with alarmingly high suicide rates in some countries of the Western Pacific Region, influenced by factors such as stigma, limited access to mental health services and socioeconomic challenges.

    Climate- and environment-related health concerns are yet another major challenge. While air pollution in urban areas of the Region was found to have decreased from 2010 to 2019, air quality levels are still much worse than the WHO-recommended levels. Populations living in urban areas are therefore continuing to breathe unhealthy air.

    Mixed progress towards universal health coverage

    Universal health coverage (UHC) is another important SDG target for which the Western Pacific Region has had mixed progress. The UHC service coverage index measures access to essential health services such as reproductive, maternal, newborn and child care, and prevention and treatment services for both NCDs and infectious diseases. Over the past 20 years, the overall UHC service coverage index in the Western Pacific increased impressively, from 49 to 79 points out of 100 between 2000 and 2021. However, people’s ability to access health-care services varies greatly across the Region. In some countries, the UHC service coverage index score is as low as 30, meaning many people struggle to access basic health care, while in others, it exceeds 80, indicating a much higher level of service availability and coverage. Despite these advancements, progress has slowed and stagnated since the adoption of the SDGs in 2015, and particularly since 2019.

    Despite the growing burden of noncommunicable diseases, access to essential health services for NCDs did not improve significantly, increasing only slightly from 52 points in 2000 to 58 points in 2010. Even more troubling, there has been no further progress since 2010, and access to services remains low, particularly in Pacific island countries and areas.

    In contrast, access to services for infectious diseases improved significantly, rising from just 18 points in 2000 to 82 points in 2021. Immunization coverage for the WHO-recommended three doses against diphtheria, tetanus and pertussis, or DTP3, showed mixed results from 2000 to 2023: coverage increased in 15 countries, while four countries experienced no change and eight saw a decrease.

    In the Western Pacific Region, average health spending has increased substantially, tripling from around US$ 383 per person in 2000 to US$ 1336 in 2021. On average, health spending accounted for 6.6% of gross domestic product (GDP) at country level in 2000, and rose to 8.2% by 2021. However, despite efforts to increase public spending for health, the proportion of people in the Western Pacific experiencing catastrophic health expenditure − defined as spending more than 10% of their income on health-care − has nevertheless doubled, rising from 9.9% in 2000 to 19.8% in 2019.

    Critical action needed to achieve SDGs

    “While we celebrate the significant health gains that the Western Pacific Region has achieved, we must also acknowledge urgent challenges in sustaining progress,” said Dr Saia Ma’u Piukala, WHO Regional Director for the Western Pacific. “We are living longer than ever, and more than any other region of the world, but this isn’t enough. We’re off-track to meet many of the SDG targets, and the COVID-19 pandemic exacerbated health disparities. Now is the time for concerted action to address these issues. We look forward to working with health leaders from across the Region next week to finalize our new vision to weave health for families, communities and societies.”

    New vision for health in the Region

    Ministers of health and other senior officials are preparing for discussions at the seventy-fifth session of the WHO Regional Committee for the Western Pacific in Manila on 21−25 October 2024. The meeting will focus on the most pressing health needs in the Region and chart a course to address them.

    Weaving health for families, communities and societies in the Western Pacific Region (2025-2029): Working together to improve health, well-being and save lives is the proposed new vision for the Region. The vision centres on the analogy of weaving a mat – a traditional activity across Asia and the Pacific – symbolizing the collaborative efforts required by WHO, governments and partners to improve population health and well-being. The vision centres on five vertical strands of action led by governments interwoven with three horizontal strands of action by WHO.

    The five vertical strands of action led by governments, working with WHO and other stakeholders include:

    Transformative primary health care for UHC
    Climate-resilient health systems
    Resilient communities, societies and systems for health security
    Healthier people throughout the life course
    Technology and innovation for future health equity.

    The three horizontal strands of action by WHO are:

    Country offices equipped with skills for scaling up and innovation
    Nimble support teams in the Regional Office
    Effective communication for public health.

    These strands reflect the reality that the Western Pacific Region faces complex health challenges that cannot be addressed by the health sector alone. Achieving the goals of SDG 3 − Good health and well-being – will require a concerted effort from multiple sectors. Social determinants of health, including education, housing, employment, social protection, gender equality and the environment, significantly impact health outcomes. Therefore, collaboration between the health, education, urban planning, agriculture and environmental sectors, to name but a few, is crucial. Collaboration can create synergies and co-benefits for all these sectors while accelerating progress towards achieving SDG 3.

    “The commitment of governments, WHO and partners to achieving the Sustainable Development Goals by 2030 is a commitment to health and well-being for all,” added Dr Piukala. “We must work together to ensure that no one is left behind as we weave a healthier future.”

    In addition to the vision, the Regional Committee will also consider new regional action frameworks on digital health and on health financing to achieve UHC and sustainable development. There will be panel discussions on climate-resilient health-care facilities, transformative primary health care and oral health, as well as a special event on the Investment Round to resource WHO’s work for 2025–2028.

    Notes:

    The seventy-fifth session of the Western Pacific Regional Committee will run from Monday, 21 October through Friday, 25 October, at the WHO Regional Office for the Western Pacific in Manila, Philippines. The Agenda and timetable are available online. A livestream of proceedings, all other official documents, as well as fact sheets and videos on the issues to be addressed can be accessed here. For real-time updates, follow @WHOWPRO on Facebook, X, Instagram and YouTube and the hashtag #RCM75.

    Working with 194 Member States across six regions, WHO is the United Nations specialized agency responsible for public health. Each WHO region has its regional committee – a governing body composed of ministers of health and senior officials from Member States. Each regional committee meets annually to agree on health actions and to chart priorities for WHO’s work.

    The WHO Western Pacific Region is home to more than 1.9 billion people across 37 countries and areas: American Samoa (United States of America), Australia, Brunei Darussalam, Cambodia, China, Cook Islands, Fiji, French Polynesia (France), Guam (United States of America), Hong Kong SAR (China), Japan, Kiribati, the Lao People’s Democratic Republic, Macao SAR (China), Malaysia, the Marshall Islands, the Federated States of Micronesia, Mongolia, Nauru, New Caledonia (France), New Zealand, Niue, the Commonwealth of the Northern Mariana Islands (United States of America), Palau, Papua New Guinea, the Philippines, Pitcairn Islands (United Kingdom of Great Britain and Northern Ireland), the Republic of Korea, Samoa, Singapore, Solomon Islands, Tokelau, Tonga, Tuvalu, Vanuatu and Viet Nam, Wallis and Futuna (France).

    Related links:

    Health statistics in the Western Pacific Region 2023: Monitoring health for the SDGs
    Draft vision Weaving health for families, communities and societies in the Western Pacific Region (2025−2029): Working together to improve health and well-being and save lives
    WHO data on progress towards universal health coverage (UHC)
    Other WHO data which can be searched by country.

    MIL OSI – Submitted News –

  • MIL-OSI Security: Brevard County Felon Sentenced To More Than 17 Years In Federal Prison For Drug And Firearm Offenses

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

    Orlando, Florida – U.S. District Judge Wendy W. Berger has sentenced Shawndell Johnson (32, Melbourne) to 17 years and 7 months in federal prison for distribution of a controlled substance, possession with intent to distribute controlled substances, possession of a firearm and ammunition by a convicted felon, and possession of a firearm in furtherance of a drug trafficking crime. The court also ordered Johnson to forfeit the firearms and ammunition used in the offenses. Johnson entered a guilty plea on June 7, 2024. 

    According to court documents, Johnson twice distributed fentanyl to a confidential source in September 2022. Following his arrest on state fentanyl distribution charges in March 2023, a search of Johnson’s residence uncovered more than 600 grams of fentanyl, over 400 grams of pure methamphetamine, and over 500 grams of cocaine. Additionally, agents located two loaded firearms. At the time of the search, Johnson had previously been convicted of multiple felonies, including murder in the third-degree without design and possession of a firearm by a convicted felon. As a previously convicted felon, Johnson is prohibited from possessing a firearm or ammunition under federal law. 

    This case was investigated by the Drug Enforcement Administration, the Florida Department of Law Enforcement, and the Federal Bureau of Investigation, with assistance from the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Florida Highway Patrol, and the Rockledge Police Department. It was prosecuted by Assistant United States Attorney Megan Testerman.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone.  On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    MIL Security OSI –

  • MIL-OSI: EIB submits SEC Form 18-K/A Amendment n. 8 – EIB Board of Directors approves Ukraine Energy Rescue Plan

    Source: GlobeNewswire (MIL-OSI)

    For immediate release

    17 October 2024

    EIB submits SEC Form 18-K/A Amendment No. 8

    The European Investment Bank (EIB) has submitted its SEC Form 18-K/A Amendment No. 8.

    To view the document, please go to: EDGAR Filing Documents for 0000950157-24-001415 (sec.gov)

    The 18-K/A has also been posted on the EIB website: Amendment to the Annual Report 2023 (Form 18-K/A Amendment No 8) (eib.org)

    ENDS

    The MIL Network –

  • MIL-OSI Africa: Cross-examining cybercrime: GITEX GLOBAL 2024 sheds light on the innovation-igniting conundrum challenging industries worldwide

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

    DUBAI, United Arab Emirates, October 17, 2024/APO Group/ —

    • “Cybersecurity Day” marks GITEX GLOBAL’s halfway stage as enlightening agenda reveals the challenges, threats and opportunities for international tech community
    • “AI is changing the game” – H.E. Dr. Mohamed Al Kuwaiti, Head of Cybersecurity for the UAE Government​

    After an action-packed two days where GITEX GLOBAL 2024 (www.GITEX.com) presented exhilarating events and exhibitions across technology’s new frontiers, Wednesday witnessed another incredible programme as audiences examined the existing and future cybersecurity landscapes with the world’s foremost experts. 

    Taking place from 14-18 October at Dubai World Trade Centre (DWTC), GITEX GLOBAL is the world’s largest and best-rated tech event. It presents a record-breaking 44th edition in 2024 – welcoming over 6,500 exhibitors, 1,800 startups, 1,200 investors alongside governments from more than 180 countries.

    As GITEX GLOBAL’s biggest-ever international edition reached the halfway stage, “Cybersecurity Day” headlined the Wednesday schedule. An enlightening series of keynote speeches, fireside chats, and specialist panels cast a unique spotlight on the urgent challenges, emerging threats, and innovative opportunities facing individuals, enterprises, industries, and nations worldwide.

    Cross-examining the cybercrime conundrum

    With global cybercrime damaged projected to reach $10.5 trillion annually by 2025, the international tech community is determined to ignite a paradigm shift through reinvigorated determination. This universal attitude was on full display at GITEX GLOBAL as top CISOs, CIOs, and GRC leaders converged with a unified mission: establish the foremost line of defence globally.

    In 2024, finance industry AI-driven fraud has surged by 40%, posing unprecedented challenges for incumbents. One of Wednesday’s must-attend conference sessions – ‘AI-Driven Digital Fraud: Safeguarding the Finance Industry’s Future’ – examined how emerging technologies are being harnessed to overcome the evolving threat.  

    H.E. Dr. Mohamed Al Kuwaiti, Head of Cybersecurity for the UAE Government, revealed that the country has dispelled millions of threats this year alone while endorsing AI as a “gamechanger” in leading the industry’s cyber resurgence. He said to GITEX Tech Waves Podcast (https://apo-opa.co/3Y8w33V): “Cyber awareness is crucial – and AI is changing the game. The UAE is a financial hub that faced 71 million attacks in Q1 2024. We are resilient and thwarted these with early threat detection through AI. It’s a hugely beneficial technology alongside our great partnerships with the world.”

    Todd Conklin also weighed in on the positive impact of AI. While acknowledging the potential repercussions of AI’s power when utilised by malicious actors, the Chief AI Officer & Deputy Assistant Secretary, Cybersecurity & Critical Infrastructure Protection at the US Department of the Treasury, added: “The US Treasury runs the largest payments ecosystem in the entire world. We’ve leveraged AI models to reduce fraud by almost $600 million in the last six months. It’s becoming increasingly critical in the counter-fraud space.”

    Unveiling a new world of limitless possibilities and potential

    In a week where 88% of exhibiting startups are GITEX GLOBAL debutants and no fewer than 230 new partnerships have been finalised between local, regional, and international entities and enterprises, the event is again fulfilling its pledge as a global cooperation and collaboration catalyst. Heading into Wednesday, over 13,000 pre-arranged concierge meetings had already taken place across GITEX GLOBAL and Expand North Star – the world’s largest startup and investment event – with many more a certainty as companies exhibit transformative solutions that could change the world.

    Huawei shed light on its critical infrastructure and cloud tech solutions with Dr. Aloysius Cheang, Chief Security Officer for the Middle East & Central Asia at Huawei, revealing the staggering rate of cyber attacks worldwide. While calling on enterprises to ensure stringent security postures, he said: “Huawei is attacked 12 billion times a day on average. This is why cybersecurity is positioned as a very strategic asset within our company. Organisations must build a cybersecurity culture through a security-first, privacy-first approach – and their solutions must serve their purpose of protecting digital assets.”

    Cybersecurity and anti-virus provider Kaspersky also showcased its pioneering Cyber Immunity approach and advanced threat intelligence solutions on Wednesday as US cyber firm Fortinet highlighted products and services part of its cybersecurity platform portfolio. solutions by stc also introduced visitors to the emerging technologies utilised to deliver new value to customers.

    Elsewhere on day three at GITEX Global 2024, a host of activations, showcases, and conferences took place at GITEX Cyber Valley (https://apo-opa.co/4eDbPq1), this year’s most anticipated cybersecurity exhibition and programme hosted by the UAE Cyber Security Council. An unmissable session saw audiences hear from Brett Johnson – once America’s Most Wanted, now a leading global cybercrime and identity theft expert. During ‘Scamming the scammer: Inside the Mind of a Cybercriminal’, he revealed the extent of the virtual underworld while sharing his life story.

    Live Hacks also headlined the GITEX Cyber Valley’s Dark Stage as ethical hackers showcased live demonstrations on AI-powered hacks. Visitors also got exclusive insights from Santiago Lopez, the world’s first million-dollar hacker, on how to turn hacking skills into a lucrative career during another special session – ‘Face to Face with 1# Million Dollar Hacker: Who wants to be a hacking millionaire?’.

    What next at GITEX GLOBAL 2024?

    GITEX GLOBAL 2024 continues Thursday as “Data Centres Universe” welcomes an ensemble cast of thought leaders and experts to discuss the future of data management and infrastructure. Sessions throughout the day’s schedule will explore the latest data technology and sustainable energy solutions alongside data centres’ pivotal role in supporting the exponential growth of digital services.

    Future Mobility (https://apo-opa.co/3Yctvlv) will explore the shifting paradigms of the global auto tech industry with the World Future Economy Digital Leaders Summit (https://apo-opa.co/3YcBoai) and Global DevSlam (https://GlobalDevSlam.com) among the many day four highlights.

    More information on GITEX GLOBAL, please visit http://www.GITEX.com

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Leeds parks set to serve up tennis courts refurbishment

    Source: City of Leeds

    Leeds City Council and the Lawn Tennis Association (LTA) have been working over the summer to breathe new life into local park tennis courts across the city.

    In total, 42 tennis courts at eight public parks have been renovated, with investment of over £654,000 ensuring that top quality facilities are available for local communities.

    The parks included are Beckett Park in Headingley, Burley Park, Chapel Allerton Park, Grove Road Recreation Ground near Temple Newsam, Harehills Park, Roundhay Park, Springhead Park in Rothwell and The Hollies in Weetwood.

    The project is part of a £30m nationwide investment supported by the LTA Tennis Foundation and delivered by the LTA, to refurbish public tennis courts across Great Britain and open up the sport to more people.

    This investment will see thousands of existing park tennis courts in poor or unplayable condition brought back to life for the benefit of communities across the country through renovation works and improved court accessibility with new gate-access technology and booking systems.

    Tennis courts within Leeds’ parks are free to use and provide opportunities for children and adults to get active and enjoy time outdoors.

    Locally, investment is also being provided by several Leeds City Council ward members for the tennis courts in their area. 

    As part of the project, Leeds City Council will work with the LTA to deliver a range of activities across the renovated parks. This will include weekly organised Barclays Free Park Tennis sessions for all ages, playing levels and experience, with equipment provided. Local Tennis Leagues will also provide opportunities to get active through local competitions.

    The courts, which were closed during the refurbishment works, are now all back open (with the exception of at Roundhay park where the work is due to commence shortly) and providing a much-improved user experience.

    It is now possible to book courts to ensure there is one available before turning up. From late November, visitors will need a booking to gain access to the courts with a pin code. Bookings can be made for free online at https://www.lta.org.uk/play.  

    Councillor Mohammed Rafique, Leeds City Council’s executive member for climate, energy, environment and green space, said: “This is a fantastic scheme to improve tennis courts across our city’s parks and we’re pleased to be working together with the LTA to deliver it.

    “Investing in these facilities will ensure that we have good quality public tennis courts available across the city for people of all ages to use free of charge for many years to come. This is particularly important given that health and wellbeing is a high priority for Leeds City Council.”

    Julie Porter, Chief Operating Officer at the LTA, said: “We are delighted to be working with Leeds City Council to improve their park tennis facilities and provide more opportunities for anyone to pick up a racket and get active. This investment is part of the LTA’s Parks Tennis Project and courts will be available for people to use for years to come. We will also be working closely with Leeds City Council to ensure that the local community have a range of accessible opportunities to get on court and open up our sport to many more people.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Planning approval for the redevelopment of 38-40 George Street

    Source: City of Oxford

    Thursday, 17 October 2024

    At the planning committee meeting held on 15th October Oxford City Council approved the plans for Marick Real Estate to redevelop 38-40 George Street

    At the planning committee meeting held on 15th October Oxford City Council approved the plans for Marick Real Estate to redevelop 38-40 George Street for a new 145 room aparthotel operated by Staycity for their premium brand Wilde. The development with also include a new 400m2 community space developed in partnership with Makespace Oxford, which will be used for a wide range of community activities.  

    “We are delighted to see these proposals, which will improve the Gloucester Green area and contribute towards the city’s need for more overnight accommodation and community space, and reduce the pressure to turn family homes into short term lets. It will also provide 24 new cycle spaces and public realm enhancements, alongside generating employment and apprenticeship opportunities, which will pay the Oxford Living Wage as a minimum.” Councillor Ed Turner, Deputy Leader and Cabinet Member for Finance and Asset Management 

    “This is fantastic news for Oxford and supports the Council’s policy to encourage more hotels to open in Oxford city centre to boost the city centre’s economy.” Andrew Heselton of Marick

    For any further information please visit the project website.

    MIL OSI United Kingdom –

  • MIL-OSI USA: Two CPAs Sentenced in Billion-Dollar Syndicated Conservation Easement Tax Scheme

    Source: US State of California

    Defendants Helped Clients File Tax Returns Claiming Millions in False Charitable Deductions

    Two accountants were each sentenced today to 20 months in prison for their roles in the promotion and sale of abusive syndicated conservation easement tax shelters.

    According to court documents and statements made in court, Victor Smith was a CPA and founding partner of an Atlanta-based accounting firm. Beginning at least in 2014 and through at least 2019, Smith promoted and sold tax deductions to his wealthy clients in the form of units in illegal syndicated conservation easement tax shelters organized and created by co-defendants Jack Fisher, James Sinnott and others. Smith, along with his firm, sold approximately $14 million in false tax deductions to their clients, causing a tax loss to the IRS of about $4.8 million. He earned $491,400 in commissions from Fisher and Sinnott for his role in the scheme.

    William Tomasello was a CPA at another accounting firm who, at least in 2015 and through at least 2019, also promoted and sold units to his wealthy clients in these same syndicated conservation easement tax shelters. Tomasello sold approximately $8.5 million in false deductions, causing a tax loss of about $2.3 million. He earned approximately $525,072 in commissions.

    The scheme entailed the creation of partnerships that would purchase land and land-owning companies and then donate conservation easements over that land or the land itself. Appraisers would value the land and the partnerships would then claim a charitable contribution tax deduction based on the appraised value of the conservation easement, resulting in tax deductions flowing to the wealthy clients who purchased units in the partnership. Many of these clients joined the tax shelters after the donation of the interest in land and after the close of the relevant tax year.

    Smith and Tomasello both knew that, contrary to law, these syndicated conservation easement tax shelters lacked economic substance and that their wealthy clients participated in these sham investments only to obtain a tax deduction and received only a tax benefit for their participation in the tax shelters.  For example, a client who purchased units in a partnership had to “vote” ostensibly on what to do with the partnership’s land. However, Smith and Tomasello knew that the “vote” held by the partnerships each year was just optics and that the land invariably would be donated largely as a conservation easement. Smith and Tomasello also knowingly instructed and caused their clients to falsely backdate documents — such as subscription agreements and checks — related to the illegal tax shelters.

    In addition to their prison sentences, U.S. District Court Judge Timothy C. Batten Sr. for the Northern District of Georgia ordered Smith to serve two years of supervised release and to pay $4,878,990.90 in restitution. Judge Batten ordered Tomasello to serve three years of supervised release, to perform 120 hours of community service and to pay $2,386,816.04 in restitution.   

    Seven additional defendants have previously pleaded guilty to criminal conduct related to the syndicated conservation easement tax shelter scheme of Fisher and Sinnott (who were convicted after trial). These other defendants include appraiser Walter Douglas “Terry” Roberts, accountant Stein Agee, CPA Corey Agee, CPA Ralph Anderson, CPA James Benkoil, CPA Herbert Lewis and CPA and Attorney Randall Lenz.

    Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division, U.S. Attorney Ryan K. Buchanan for the Northern District of Georgia and IRS Criminal Investigation Chief Guy Ficco made the announcement. They also thanked U.S. Attorney Dena J. King for the Western District of North Carolina for her office’s assistance.

    IRS Criminal Investigation and the U.S. Postal Inspection Service investigated the case.

    Trial Attorneys Richard M. Rolwing, Parker Tobin, Jessica Kraft and Nicholas J. Schilling Jr. of the Tax Division and Assistant U.S. Attorney Christopher Huber, Deputy Chief of the Complex Frauds Section, for the Northern District of Georgia prosecuted the case.

    MIL OSI USA News –

  • MIL-OSI USA: Connecticut Fisherman Sentenced for Tax Evasion

    Source: US State of California

    A Connecticut man was sentenced today to one year and one day in prison for evading taxes on income he earned from commercial fishing in Massachusetts.

    According to court documents and statements made in court, Brian Kobus, of Durham, worked as a commercial fisherman and deckhand for various fishing companies in Massachusetts. After each fishing trip, the companies paid Kobus by check. Despite receiving over $1.2 million in fishing income between 2011 through 2013, and 2017 through 2021, Kobus never filed a federal income tax return or paid the taxes that he owed. To conceal the source and disposition of his income from the IRS, Kobus regularly cashed his paychecks from the fishing companies and used the cash to fund his personal lifestyle.

    In total, Kobus caused a tax loss to the IRS of approximately $377,839.90.

    In addition to his prison sentence, U.S. District Court Judge Nathaniel M. Gorton for the District of Massachusetts ordered Kobus to serve one year of supervised release and to pay $377,839.90 in restitution to the United States.

    Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and Acting U.S. Attorney Joshua S. Levy for the District of Massachusetts made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorney Matthew L. Cofer of the Tax Division and Assistant U.S. Attorney Victor Wild for the District of Massachusetts prosecuted the case.

    MIL OSI USA News –

  • MIL-OSI USA: Ohio Man Who Concealed Croatian War Crime Charge Sentenced to Prison for Immigration Fraud

    Source: US State of California

    An Ohio man was sentenced yesterday to three years in prison for possessing a green card he illegally obtained by concealing that he had been charged with a war crime in Croatia prior to immigrating to the United States.

    According to court documents, Jugoslav Vidic, 56, of Parma Heights, in applying to become a lawful permanent resident of the United States, falsely stated that he had never been charged with breaking any law even though he knew he had been charged in Croatia with a war crime against the civilian population. Vidic also falsely stated that his only past military service was in the Yugoslav Army from 1988 to 1989, when, in fact, he fought with the Serb Army of Krajina and its predecessors during the civil war in the former Yugoslavia from 1991 to 1995. As a result of these materially false statements, Vidic was approved for lawful permanent resident status and received a green card.

    “Jugoslav Vidic lied about war crimes charged against him in an attempt to escape his past and live in the United States unlawfully,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. “Thanks to the dedication of prosecutors, law enforcement, and our international partners, Vidic will serve prison time in the United States followed by his removal. His sentence demonstrates that human rights violators will not be allowed to hide from their crimes in the United States.”

    “Vidic committed serious human rights violations and was convicted of war crimes in Croatia as a result. Yet, he lied to U.S. immigration officials about his conviction and participation in a violent military force to claim refugee status and obtain a green card — becoming a permanent legal resident of our country — when he was not eligible to do so,” said U.S. Attorney Rebecca Lutzko for the Northern District of Ohio. “Those who run away from violent crimes they commit elsewhere in the world and then enter our country by brazenly lying about their past will be held to account, as yesterday’s sentence demonstrates. Vidic’s deceitful actions are detestable, and unfairly hurt people in need who legitimately seek refuge to flee real harms in their home countries.”

    “Our communities here in Ohio and across the United States are not safe havens for war criminals to escape accountability in their home countries,” said Executive Associate Director Katrina W. Berger of Homeland Security Investigations (HSI). “It is my hope that this sentencing provides some measure of solace to the victims’ families with the knowledge that despite the passage of time, the United States will seek justice.”

    “Jugoslav Vidic intentionally circumvented the laws of the United States by lying on his green card application about his war crimes conviction in Croatia,” said Assistant Director Chad Yarbrough of the FBI Criminal Investigative Division. “This case should serve as a warning to others that the FBI will work with our law enforcement partners to identify and hold accountable those like Vidic who seek to violate U.S. law by fraud of any kind.”

    “Jugoslav Vidic knowingly avoided the truth of his past to enjoy the freedoms and liberties of the United States for over two and a half decades,” said Special Agent in Charge Greg Nelsen of the FBI Cleveland Field Office. “Yesterday’s sentence underscores the work of the FBI and its local, state, federal, and international partners and sends a clear message that people in the United States who take part in war crimes, regardless of when or where they occurred, or by masking their involvement, will be identified, investigated, and prosecuted.”

    Vidic admitted in his plea agreement that he was charged with a war crime in Croatia in 1994 and convicted in absentia in 1998. The Croatian court found that during an attack by ethnic Serb forces in Petrinja, Croatia, on Sept. 16, 1991, Vidic cut off the arm of civilian Stjepan Komes, who died afterward. Vidic further admitted that he knew about the Croatian charges when he immigrated to the United States as a refugee in 1999, applied to become a lawful permanent resident in 2000, and was interviewed by U.S. immigration officials and received his green card in 2005.

    Vidic pleaded guilty to one count of possessing an alien registration receipt card knowing it had been procured through materially false statements. As part of the plea agreement, Vidic agreed to the entry of a judicial order of removal from the United States.

    HSI and the FBI investigated the case with coordination provided by the Human Rights Violators and War Crimes Center, including the FBI’s International Human Rights Unit. The Justice Department thanks the Ministry of the Interior and Ministry of Justice and Public Administration of the Republic of Croatia, which were both instrumental in furthering the investigation.

    Trial Attorney Patrick Jasperse of the Criminal Division’s Human Rights and Special Prosecutions Section and Assistant U.S. Attorneys Matthew W. Shepherd and Jerome J. Teresinski for the Northern District of Ohio prosecuted the case. The Justice Department’s Office of International Affairs also provided assistance.

    Members of the public who have information about human rights violators or immigration fraud in the United States are urged to contact the FBI at 1-800-CALL-FBI (800-225-5324) or through the FBI online tip form, or HSI at 1-866-DHS-2-ICE or through the ICE online tip form. All are staffed around the clock, and tips may be provided anonymously.

    MIL OSI USA News –

  • MIL-OSI USA: Former Louisiana Sheriff’s Deputy Sentenced for Civil Rights Violation for Using Excessive Force Against Detainee

    Source: US State of California

    A former Louisiana sheriff’s office deputy was sentenced yesterday to 37 months in prison for assaulting a pretrial detainee.

    Javarrea Pouncy, 31, a former sergeant with the DeSoto Parish Sheriff’s Office (DPSO), previously pleaded guilty to one count of using excessive force against the detainee. During his plea, Pouncy admitted that, in September 2019, he and another DPSO deputy conducted a strip search of a detainee in the DeSoto Parish jail, as part of the detainee’s booking. Pouncy admitted further that, during the search, the deputies repeatedly punched the detainee in his head, face and body, even though the detainee did not pose a threat to either officer. As a result of the assault, the detainee was hospitalized and sustained a broken eye socket and broken nose, among other injuries.

    “The defendant pledged to protect and serve his community, but instead, he repeatedly punched a detainee without justification, leaving him bloodied and broken,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division. “People in detention have the right to be treated humanely and not to be brutalized by excessive force. This sentence sends a clear message that we will not tolerate such abuses behind bars. The Justice Department will hold accountable officials who violate detainees’ civil rights.”

    “Pouncy took advantage of his position, the power that it yields and the prestige of the badge in committing this criminal act,” said U.S. Attorney Brandon B. Brown for the Western District of Louisiana. “Decency and order can co-exist with the preservation of an offender’s civil rights. Prosecutions such as these are critical to ensure that the good work of law enforcement officers is not hampered by the heinous acts of bad law enforcement officers.”

    “Yesterday, Pouncy faced the consequences of his unnecessary and violent actions toward someone he was supposed to protect,” said Assistant Director Chad Yarbrough of the FBI Criminal Investigative Division. “It’s a sad day when we have to investigate someone who took an oath to uphold the law. His actions undermine the integrity of the criminal justice system, and I want the public to know we will not tolerate it. The FBI is committed to investigating criminal misconduct, no matter who the subject is or what position they hold in their community.”

    The other deputy involved in the assault, DeMarkes Grant, previously pleaded guilty to one count of obstructing justice in connection with the assault. He was sentenced to 10 months in prison.

    The FBI New Orleans Field Office investigated the case.

    Assistant U.S. Attorney Seth Reeg for the Western District of Louisiana and Trial Attorney Erin Monju of the Civil Rights Division’s Criminal Section prosecuted the case.

    MIL OSI USA News –

  • MIL-OSI: Infinera Signs Non-Binding Preliminary Memorandum of Terms to Receive Up to $93 Million in CHIPS Act Funding

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) — Infinera (Nasdaq: INFN) and the U.S. Department of Commerce have signed a non-binding preliminary memorandum of terms for Infinera to receive up to $93 million in direct funding as part of the bipartisan CHIPS and Science Act. This proposed direct funding, when combined with investment tax credits available under the CHIPS and Science Act, could result in more than $200 million in total federal incentives as well as potential state and local incentives.

    This proposed funding would support the expansion and modernization of both Infinera’s semiconductor capabilities in Silicon Valley, California and its advanced test and packaging capabilities in Lehigh Valley, Pennsylvania, increasing the company’s existing domestic manufacturing capacity by an estimated factor of ten. Combined proposed funding for these two projects could create up to 1,700 manufacturing and construction jobs while strengthening America’s supply chain, economic and national security.

    “We are grateful for the bipartisan efforts under the CHIPS and Science Act to increase semiconductor fabrication and packaging in the U.S. and protect our national and economic security,” said David Heard, Infinera CEO. “The proposed CHIPS funding will enable us to better secure our supply chain and compete more effectively with foreign adversary nations. Our unique photonic semiconductors address the increased demand for bandwidth from consumers while opening new markets inside the data center driven by the explosive growth in AI workloads.”

    Infinera’s award of the proposed CHIPS funding would not have been possible without bipartisan support and partnerships with local, state and federal officials. This support is instrumental to the long-term success of these projects and the growth of advanced manufacturing in the U.S.

    Additional Resource:
    Biden-Harris Administration Announces Preliminary Terms with Infinera to Support Development of Semiconductor Technology Important for Communications and National Security

    Contacts:

    Infinera Media:
    Anna Vue
    Tel. +1 (916) 595-8157
    avue@infinera.com

    Infinera Investors:
    Amitabh Passi, Head of Investor Relations
    Tel. +1 (669) 295-1489
    apassi@infinera.com

    About Infinera
    Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit http://www.infinera.com, follow us on X and LinkedIn, and subscribe for updates.

    Infinera and the Infinera logo are registered trademarks of Infinera Corporation.

    This press release contains forward-looking statements, including but not limited to statements regarding Infinera’s ability to secure CHIPS funding and investment tax credits, and the anticipated benefits of any such funding and tax credits. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Actual results may vary materially from these expectations as a result of various risks and uncertainties. Information about risks and uncertainties that affect Infinera’s business is contained in the risk factors section and other sections of Infinera’s Quarterly Report on Form 10-Q for the Fiscal Quarter ended June 29, 2024 as filed with the SEC on August 2, 2024, as well as any subsequent reports filed with or furnished to the SEC. These reports are available on Infinera’s website at http://www.infinera.com and the SEC’s website at http://www.sec.gov. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies and can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

    The MIL Network –

  • MIL-OSI Security: Detectives name the victim of the Newham fatal collision as they thank people who helped at the scene

    Source: United Kingdom London Metropolitan Police

    Detectives from the Met’s Serious Collision Investigation Unit (SCIU) investigating a fatal road traffic collision in Newham have named the victim as they continue to appeal for witnesses and anyone with footage to come forward.

    At around 15:40hrs on Tuesday, 15 October, a Nissan Juke mounted the pavement at Barking Road, E16 colliding with 18-year-old Maryam Nabil Shuwey who was from Stratford. Despite the actions of off-duty police officers, members of the public and medics, Maryam sadly died from her injuries at the scene.

    Chief Superintendent Dan Card, leading policing in Newham, said: “I know that local people will be feeling shocked and distressed by the tragic loss of a young woman’s life in such horrific circumstances. Please know that we share those feelings, and we are doing everything we can to support our SCIU colleagues as they investigate the full circumstances of the incident.

    “The actions of two off-duty officers close to the scene when the collision happened were commendable – despite the chaotic situation, they managed the incident in its early stages and attempted to help the victim until medics arrived. Members of the public also rushed to see if they could help as Newham pulled together to try to save a young life. While the outcome was not what anyone would have wished for, I would like to extend my thanks to those people.

    “Local residents and businesses will notice a more visible police presence in the area in the coming days and I urge anyone with concerns to speak with officers as they patrol or contact their local Neighbourhood Policing Team.”

    The driver of the Nissan Juke – a 45-year-old man – was arrested on suspicion of causing death by dangerous driving. He was taken to hospital for treatment before being taken into police custody. He has since been released on bail pending further enquiries.

    The victim’s family were notified and they continue to be supported by specialist officers.

    Road closures and cordons were established. These have since been lifted.

    Chief Superintendent Thomas Naughton, of the Met’s Roads and Transport Policing Command, said: “This is a tragic and deeply upsetting incident for everyone concerned. We are doing everything we can to support the victim’s family and we ask that their privacy be respected as they struggle to come to terms with unimaginable loss.

    “I am aware of footage of the incident circulating online and ask that consideration be given the victim’s loved ones and that footage not be shared further on social media. Not least because it could prejudice any future criminal proceedings.

    “We are working hard to establish the full circumstances surrounding this incident and ask that anyone who has information or footage contact us without delay.”

    Anyone who witnessed this incident or has footage should call the Serious Collision Investigation witness line direct on 020 8597 4874, call 101 or post on X @MetCC quoting 4765/15OCT.

    MIL Security OSI –

  • MIL-OSI Europe: The European Supervisory Authorities share highlights from the 2024 Joint Consumer Protection Day in Budapest

    Source: European Banking Authority

    On 3 October , the three European Supervisory Authorities (ESAs) – the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) – organised the 11th edition of their annual Consumer Protection Day, in Budapest.

    The event followed the theme of “Empowering EU consumers: fair access to the future of financial services” and had three panels covering the topics of artificial intelligence (AI) in financial services, access to consumer centric products and services, and sustainable finance. Speakers and panellists included leaders from consumer organisations, regulatory authorities, EU institutions, academia, and market participants from across the European Union, with 300 participants on-site and more than 600 viewers online.

    Speeches were delivered by the three ESAs Chairs – Verena Ross (ESMA and currently Joint Committee Chair), Jose-Manuel Campa (EBA), and Petra Hielkema (EIOPA) – as well as Csaba Kandrács, Deputy Governor of the Central Bank of Hungary and Agustín Reyna, the Director General of the European Consumer Organisation (BEUC). A fire-side chat also took place with Chris Betz, Chief Information Security Officer of Amazon Web services to discuss generative AI.

    On Artificial Intelligence, panellists exchanged views about the potential benefits of AI, such as fraud detection and the automation of processes to detect and prevent money laundering, as well as the risks, such as the lack of transparency and explainability. Panellists emphasised the need to better understand the technology to assess how those risks can be mitigated. Some panellists highlighted the importance for the ESAs to facilitate knowledge sharing, ensure regulatory and supervisory convergence and create the conditions for innovation to grow. Some industry players also called on the ESAs to issue ‘guardrails’ or other guidance on how financial institutions should comply with the new EU AI Act.

    During the panel on access to consumer centric financial products and services, panellists discussed the need to strengthen  financial education, pay greater attention to vulnerable consumers, and enable them to understand and access standard financial services packages (payment account, saving account, home/health insurance). The importance of better understanding consumer needs and preserve consumer trust was also highlighted.

    On sustainable finance, panellists remarked that investors still struggle to understand the technicalities of  product disclosures and the complex terminology attached to such disclosures. Simplification of the current Sustainable Finance Disclosures Requirements towards a categorisation system that works for retail investors was considered by the panellists to be the main area that regulators should focus on,  in addition to enhancing the financial literacy of retail investors.

    The ESAs will reflect on the input and suggestions heard from the audience and the panellists, and discuss the actions to be strenghtened  or to be taken going forward.

    See the EBA webpage and the recording of the event here. 

    MIL OSI Europe News –

  • MIL-OSI: reAlpha’s ‘Be My Neighbor’ Secures Mortgage Broker License in New Mexico

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, Oct. 17, 2024 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announces the operational expansion of its subsidiary, Be My Neighbor (“BMN”). BMN, a veteran-operated mortgage brokerage company, has obtained its broker license in the State of New Mexico.

    “Securing this license in New Mexico is a pivotal step in our expansion strategy,” said Nathan Nottingham, Chief of Staff of BMN. “We’re excited to bring our client-focused mortgage services to New Mexico, providing residents with a more personalized and efficient home financing experience.”

    As part of its strategic growth plan, BMN will continue to expand into additional states, delivering accessible, transparent, and community-driven mortgage solutions.

    About reAlpha Tech Corp.
    reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha’s goal is to offer a more affordable, streamlined experience for those on the journey to homeownership. For more information, visit http://www.realpha.com.

    About Be My Neighbor
    Debt Does Deals, LLC (d/b/a Be My Neighbor) is a veteran-operated mortgage brokerage company operating in 27 states. The company believes that one house has the power to make a life-changing impact for a family and future generations. Their mission is to bring humanity back into the biggest financial real estate decision that a person will make in their lifetime by showing them how to build generational wealth through smart real estate decisions and actually enjoy the process along the way. For more information, visit bemyneighbor.mortgage.

    Forward-Looking Statements
    The information in this press release includes “forward-looking statements”. Forward-looking statements include, among other things, statements about BMN’s recently acquired broker license in New Mexico; the anticipated benefits of BMN’s expansion into New Mexico and plan to expand into additional states; reAlpha’s and BMN’s ability to anticipate the future needs of the short-term rental market; future trends in the real estate, technology and artificial intelligence industries, generally; and reAlpha’s and BMN’s future growth strategy and growth rate. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; reAlpha’s ability to commercialize its developing AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to integrate the business of BMN into its existing business and the anticipated demand for BMN’s services in any of the markets reAlpha or BMN operates or provide services in; BMN’s ability to expand into additional states; reAlpha’s ability or the inability to maintain and strengthen reAlpha’s brand and reputation; the inability to accurately forecast demand for short-term rentals and AI-based real estate focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s U.S. Securities and Exchange Commission (“SEC”) filings.

    Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements.

    Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements.

    For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC.

    Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Company Contact
    Investor Relations
    investorrelations@realpha.com

    Media Contact
    irlabs on behalf of reAlpha
    Fatema Bhabrawala
    fatema@irlabs.ca

    The MIL Network –

  • MIL-OSI: Beam Global Launches BeamWell™ Water Desalination and Delivery System to Provide Clean Water and Electricity in Crisis Zones

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 17, 2024 (GLOBE NEWSWIRE) — Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced the official launch of the BeamWell™ water desalination and e-mobility delivery system. This solution is designed to address critical needs for clean drinking water, mobility and electricity in regions facing humanitarian crises.

    The BeamWell™ product is based on the patented EV ARC™ system and is a self-sufficient, self-contained operational system for use in war zones and remote or disaster areas where only salt, brackish or dirty water is available because a reliable clean water supply is not available or has been interrupted. The BeamWell™ system provides three essential services to regions in crisis: it turns seawater into fresh water, which is then stored in an integrated 3000-liter tank that is replenished daily; it provides a source of electricity which can be used for medical or communications devices as well as cooking and lighting; and it charges four integrated and bundled Benzina Zero electric mopeds for the rapid distribution of food, water, medications or other vital resources, to those in need.

    “We are living in unprecedented times when wars and natural disasters such as the recent hurricanes in the U.S. are becoming commonplace,” said Desmond Wheatley, CEO of Beam Global. “At the same time 40% of the world’s population lives by the sea and in areas which are most prone to natural disasters. By providing a container-transportable, rapidly deployed, off-grid power source paired with desalination and e-mobility, we are addressing three of the most essential needs in crisis situations: clean water, reliable power and the means to distribute aid. Beam Global is on a mission to make a real difference in the lives of those who are suffering.”

    Enabled by Beam Global’s patented EV ARC™ platform, the BeamWell™ system is completely self-contained, shipping-container-transportable, and deploys in minutes with no construction, no electrical work and no requirement for any supporting infrastructure. It can be relocated as water supply challenges fluctuate. Beam Global EV ARC™ technology, which has already been successfully deployed thousands of times worldwide, uses patented tracking solar technology to generate and store clean energy for e-mobility. The BeamWell™ solution will also use this renewable energy to desalinate water and provide power and a means of delivering aid.

    Recent estimates suggest around 60 million people in the Middle East and North Africa (MENA) lack access to clean and safe drinking water. As of October 2024, the water crisis in Gaza is severe, with nearly 2.3 million residents facing restricted access to clean water due to the ongoing conflict and damage to water infrastructure. This lack of access to clean water is contributing to a public health crisis, as waterborne diseases are spreading rapidly. Aid deliveries have included water, but the quantities are grossly insufficient to meet the needs of the entire population​, and many organizations are having trouble providing continued support throughout the region during the prolonged conflict.

    Beam Global is finalizing deployment plans, with the first BeamWell™ systems expected to be delivered to the Middle East through global aid organizations as soon as possible. This U.S.-based company’s collaboration with governments, NGOs and other international partners represents a significant step toward addressing urgent needs in regions affected by conflict and humanitarian crises.

    For more information on the BeamWell™ water treatment system contact the Beam Team at BeamTeam@BeamForAll.com.  

    About Beam Global

    Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Headquartered in San Diego with facilities in Chicago, Belgrade and Kraljevo, Beam Global has a deep patent portfolio and is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube and X (formerly Twitter).

    Forward-Looking Statements

    This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

    Media Contact:
    Skyya PR
    +1 651-335-0585
    Press@BeamForAll.com

    Investor Relations:
    Core IR
    +1 516-222-2560
    IR@BeamForAll.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ecc68fa3-dd8d-430e-a9c6-41ed4143d62d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9d93d87a-8cd6-488e-adec-1ec911d01850

    The MIL Network –

  • MIL-OSI Economics: Identity theft: BaFin warns consumers about the website fips-finance.com

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) has information that the company FIPS Finance & Development is providing financial services in Germany on its website fips-finance.com without the required authorisation. The company is not supervised by BaFin. Customers are incorrectly led to believe that the website is operated by an Austrian company that is registered in the Austrian company register. This is not the case. It is a case of identity fraud.

    Anyone wishing to conduct banking business or provide financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation.

    BaFin is issuing this information on the basis of section section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics –

  • MIL-OSI: Carbon Streaming Initiates Claims in Connection With the Rimba Raya Project

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) — Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today announces that on October 16, 2024 it initiated arbitration proceedings and an Ontario court action to enforce its legal and contractual rights under the Rimba Raya PSA (as defined below). The Company had previously indicated that it would be evaluating all legal avenues to enforce its legal and contractual rights under the Rimba Raya PSA, the SAA (as defined below) and related agreements. Initiating the arbitration proceedings and the Ontario court action are an important step in preserving the Company’s legal and contractual rights.

    The Company delivered a Notice of Arbitration to Infinite-Earth Limited and PT Infinite Earth Nusantara, the operators of the Rimba Raya project (“Infinite-Earth”) in accordance with the purchase and sale agreement between the Company and Infinite-Earth dated July 30, 2021, as amended on February 28, 2023 (the “Rimba Raya PSA“); a Notice of Arbitration to the shareholders of Infinite-Earth Limited in accordance with the strategic alliance agreement between the Company and the shareholders of Infinite-Earth Limited dated July 30, 2021, as amended on November 17, 2021 (the “SAA”); and issued a Notice of Action in the Ontario Superior Court of Justice seeking declaratory relief against the principals of Infinite-Earth Limited and their related entities.

    The dispute between the Company, Infinite-Earth, and the principals of Infinite-Earth Limited arises out of acts and omissions that the Company alleges are improper and in breach of the Rimba Raya PSA, the SAA, and related agreements.

    On April 26, 2024, the Company announced that it was informed that PT Rimba Raya Conservation (“PT Rimba”), the local concession holder for the Rimba Raya project, had its Forest Utilization Business License (the “Concession License”) revoked by the Indonesian Government’s Ministry of Environment and Forestry (the “MOEF”). On May 15, 2024, the Company announced its financial results for the three months ended March 31, 2024, and determined the fair value of the Rimba Raya PSA to be nil. On July 11, 2024, the Court reached a decision on the claim filed by PT Rimba against the MOEF before the State Administrative Court of Jakarta (the “Court of Jakarta”) challenging the MOEF’s revocation of the Concession License and declared the MOEF’s revocation of the Concession License to be void. The MOEF subsequently appealed the Court of Jakarta’s decision, and on September 30, 2024, the Court of Jakarta upheld its decision. The MOEF has until Friday, October 18, 2024, to initiate an appeal to overturn the decision to the Supreme Court of Jakarta.

    For a comprehensive discussion regarding the risks, assumptions and uncertainties that could further impact the Rimba Raya project and the Rimba Raya PSA, including without limitation, concerning the legal status of the Concession License and the Rimba Raya PSA, investors are urged to review the section of the Company’s management’s discussion and analysis for the three months ended June 30, 2024 dated as of August 12, 2024 entitled “Strategy and Outlook – Indonesia Update”, the section of the Company’s Annual Information Form dated as of March 27, 2024 entitled “Risk Factors” and the press releases dated April 26, 2024, May 15, 2024 and May 21, 2024, copies of which are available on SEDAR+ at http://www.sedarplus.ca.

    About Carbon Streaming

    Carbon Streaming aims to accelerate a net-zero future. We pioneered the use of streaming transactions, a proven and flexible funding model, to scale high-integrity carbon credit projects to advance global climate action and additional United Nations Sustainable Development Goals. This approach aligns our strategic interests with those of project partners to create long-term relationships built on a shared commitment to sustainability and accountability and positions us as a trusted source for buyers seeking high-quality carbon credits.

    The Company’s focus is on projects that have a positive impact on the environment, local communities, and biodiversity, in addition to their carbon reduction or removal potential. The Company has carbon credit streams and royalties related to over 20 projects around the world, including high-integrity removal, reduction and avoidance projects from nature-based, agricultural, engineered and community-based methodologies.

    To receive corporate updates via e-mail, please subscribe here. 

    ON BEHALF OF THE COMPANY:
    Christian Milau, Interim Chief Executive Officer
    Tel: 647.846.7765
    info@carbonstreaming.com
    http://www.carbonstreaming.com

    Investor Relations
    investors@carbonstreaming.com

    Media
    media@carbonstreaming.com

    Advisories

    The references to third party websites and sources contained in this news release are provided for informational purposes and are not to be considered statements of the Company.

    Cautionary Statement Regarding Forward-Looking Information

    This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking information, including, without limitation: statements regarding acts and omissions of Infinite-Earth and the shareholders and principals of Infinite-Earth Limited; and statements with respect to the status of the Concession License held by PT Rimba with the MOEF.

    When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends” “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. This forward-looking information is based on the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. They should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the outcome of the final ruling with respect to the revocation of the Concession License held by PT Rimba; general economic, market and business conditions and global financial conditions, including fluctuations in interest rates, foreign exchange rates and stock market volatility; volatility in prices of carbon credits and demand for carbon credits; change in social or political views towards climate change, carbon credits and ESG initiatives and subsequent changes in corporate or government policies or regulations and associated changes in demand for carbon credits; limited operating history for the Company’s current strategy; risks arising from competition and future acquisition activities; concentration risk; inaccurate estimates of growth strategy; dependence upon key management; impact of corporate restructurings; reputational risk; failure or timing delays for projects to be registered, validated and ultimately developed and for emission reductions or removals to be verified and carbon credits issued (and other risks associated with carbon credits standards and registries); foreign operations and political risks including actions by governmental authorities, including changes in or to government regulation, taxation and carbon pricing initiatives; uncertainties and ongoing market developments surrounding the validation and verification requirements of the voluntary and/or compliance markets; due diligence risks, including failure of third parties’ reviews, reports and projections to be accurate; dependence on project partners, operators and owners, including failure by such counterparties to make payments or perform their operational or other obligations to the Company in compliance with the terms of contractual arrangements between the Company and such counterparties; failure of projects to generate carbon credits, or natural disasters such as flood or fire which could have a material adverse effect on the ability of any project to generate carbon credits; volatility in the market price of the Company’s common shares or warrants; the effect that the issuance of additional securities by the Company could have on the market price of the Company’s common shares or warrants; global health crises, such as pandemics and epidemics; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s Annual Information Form dated as of March 27, 2024 filed on SEDAR+ at http://www.sedarplus.ca.

    Any forward-looking information speaks only as of the date of this news release. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.

    The MIL Network –

  • MIL-OSI: Transocean Ltd. Announces $193 Million Ultra-Deepwater Drillship Contract

    Source: GlobeNewswire (MIL-OSI)

    STEINHAUSEN, Switzerland, Oct. 17, 2024 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in the U.S. Gulf of Mexico. The contract is expected to commence in October 2025 and contribute approximately $193 million in backlog, including additional services.

    About Transocean

    Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world.

    Transocean owns or has partial ownership interests in and operates a fleet of 34 mobile offshore drilling units, consisting of 26 ultra-deepwater floaters and eight harsh environment floaters.

    Forward-Looking Statements

    The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements could contain words such as “possible,” “intend,” “will,” “if,” “expect,” or other similar expressions. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are beyond our control, and in many cases, cannot be predicted. As a result, actual results could differ materially from those indicated by these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, estimated duration of customer contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects and other out-of-service time, sales of drilling units, the cost and timing of mobilizations and reactivations, operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the fluctuation of current and future prices of oil and gas, the global and regional supply and demand for oil and gas, the intention to scrap certain drilling rigs, the effects of the spread of and mitigation efforts by governments, businesses and individuals related to contagious illnesses, and other factors, including those and other risks discussed in the company’s most recent Annual Report on Form 10-K for the year ended December 31, 2023, and in the company’s other filings with the SEC, which are available free of charge on the SEC’s website at: http://www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. We expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or beliefs with regard to the statement or any change in events, conditions or circumstances on which any forward-looking statement is based, except as required by law. All non-GAAP financial measure reconciliations to the most comparative GAAP measure are displayed in quantitative schedules on the company’s website at: http://www.deepwater.com.

    This press release, or referenced documents, do not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and do not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”) or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of Transocean and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of Transocean.

    Analyst Contact:
    Alison Johnson
    +1 713-232-7214

    Media Contact:
    Pam Easton
    +1 713-232-7647

    The MIL Network –

  • MIL-OSI: Orezone Reports Q3-2024 Gold Production

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Oct. 17, 2024 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce its third quarter 2024 gold production results from its Bomboré Gold Mine:

    • Gold production of 26,581 ounces, totalling 82,244 ounces year-to-date
    • Gold sales of 27,698 ounces at an average realized price of US$2,473/oz, resulting in sales of US$68.5 million
    • Quarter-end cash balance of US$66.9 million and senior debt of US$68.1 million after a further repayment of US$5.0 million in principal during the quarter

    Patrick Downey, President & CEO stated, “Q3 marked another strong operating period at Bomboré, with a quarterly record of 1.5 million ore tonnes processed. Through the quarter, the Company was successful in accessing, pre-stripping, and commencing production in the higher-grade, free-digging Siga Zone oxides in the south. However, mill feed from this newly accessed, higher-grade zone, was lower than planned during the quarter due to delays from heavy rains and a four-day plant shutdown including a full ball mill reline in late September.

    With the conclusion of the rainy season and completion of all scheduled annual mill maintenance, we fully expect fourth quarter gold production to be the strongest quarter for the year with increased ore contribution from the Siga Zone. The Company is on track to meet the mid-point of its 2024 production guidance of 110,000 to 125,000 ounces, evidenced by the strong gold production of 6,331 ounces through the first 15 days of October, at a head grade of 0.85 g/t gold. With record gold prices and unhedged gold sales, we expect additional cash generation in the last quarter of the year.”

    Bomboré Production Results (100% Basis)

      Unit Q3-2024 Q2-2024 Q1-2024 Nine Months Ended
    September 30, 2024
    Ore processed Tonnes 1,491,740 1,428,396 1,355,619 4,275,755
    Ore grade Au g/t 0.63 0.64 0.78 0.68
    Plant recovery % 87.4 86.8 89.0 87.8
    Gold produced Au oz 26,581 25,524 30,139 82,244
    Gold sold Au oz 27,698 24,937 31,229 83,864


    About Orezone Gold Corporation

    Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets and M&A.

    The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company’s website.

    Contact Information

    Patrick Downey
    President and Chief Executive Officer

    Vanessa Pickering
    Manager, Investor Relations

    Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
    info@orezone.com / http://www.orezone.com

    For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at http://www.orezone.com.

    The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.

    QUALIFIED PERSONS

    Dale Tweed, P. Eng., VP Engineering and Rob Henderson, P. Eng. VP Technical Services of Orezone, are Qualified Persons under NI 43-101 and have reviewed and approved the scientific and technical information contained in this news release.  

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains certain information that may constitute “forward-looking information” within the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (together, “forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “possible” and other similar words, or statements that certain events or conditions “may”, “will”, “could”, or “should” occur. Forward-looking statements in this press release include, but are not limited to, statements with respect to the Company being on track to meet the mid-point of its 2024 production guidance including the fourth quarter being the strongest quarter of the year, cash generation in the last quarter of the year and the hard rock expansion.  

    All such forward-looking statements are based on certain assumptions and analyses made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management and the qualified persons believe are appropriate in the circumstances.

    All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, delays caused by pandemics, terrorist or other violent attacks (including cyber security attacks), the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company’s most recent annual information form and management discussion and analysis filed on SEDAR+. Readers are cautioned not to place undue reliance on forward-looking statements.

    Although the forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release.

    The MIL Network –

  • MIL-OSI Europe: Germany: EIB backs Vay’s launch of teledriven car-sharing services

    Source: European Investment Bank

    Vay

    • The EIB is lending €34 million to German remote-driving company Vay.
    • Berlin-based Vay is set to launch commercial services in Europe.
    • The investment is backed by the European Union’s InvestEU guarantee programme.

    The European Investment Bank (EIB) is lending €34 million to German teledriving technology startup Vay to help it develop its operations in Europe. The EIB loan will enable the Berlin-based company to accelerate the development of technology that enables a vehicle to be safely driven on city streets by a professionally trained human driver located at a remote teledrive station. Vay launched its first commercial service in the US city of Las Vegas in January 2024.

    Vay plans to offer door-to-door car sharing in more cities in Europe and North America, while it also develops business-to-business partnerships with car manufacturers and other strategic players in the sector. 

    “This investment once again demonstrates our commitment to supporting European tech pioneers with global ambitions, like Vay,” said EIB Vice-President Nicola Beer. “Developed here in Europe, their innovative technology opens up new ways to make passenger and goods transport more efficient while delivering clean, efficient and inclusive urban mobility in our cities.”

    Vay’s technology enables professionally trained teledrivers to drive vehicles to the customer’s pick-up location remotely. Once the car arrives, the user takes manual control and drives as with any regular vehicle. After the journey is complete, the user can exit without worrying about parking because a teledriver handles parking or drives the car to the next customer. The system offers more sustainable, door-to-door mobility at half the cost of traditional ride-hailing.

    Teledriving provides the distinct advantage of having a human driver remotely controlling the vehicle in real-time. As a result, the system of teledriven cars is simple to operate and offers a wide range of capabilities. This is different from fully autonomous vehicles, which face a greater number of technical and legal complexities.

    “We are proud that EIB has decided to invest in Vay as these funds will be instrumental in further developing our technology and supporting the company’s growth,” said Co-founder and Chief Executive Officer of Vay Thomas von der Ohe. “We share the same goal and are committed to promoting economic development within the European Union. Moreover, this investment will play a crucial role in strengthening the confidence and trust that EU regulators, partners and consumers have in Vay, paving the way for the commercial rollout of our services in European cities.”

    Vay is the only company in Europe to operate on public roads without a safety driver. At the start of 2024, it expanded its reach by launching a commercial teledriving service in Las Vegas, establishing itself as a pioneer in teledriven vehicles. Committed to creating safer, more sustainable and liveable cities, Vay leverages its teledriving technology to optimise the use of its electric fleet – potentially reducing the number of cars on roads.

    Vay is actively engaging with several cities and states across Europe and the United States to explore future launches of its teledriving service. In 2023, the company successfully conducted test drives without a safety driver on public roads in Hamburg, Germany. Following that significant milestone, Vay has been working closely with German authorities to prepare for the commercial launch of its service in Hamburg.

    The EIB loan is supported by the European InvestEU programme, which aims to trigger more than €372 billion in additional investment in new technologies until 2027. The deal is aligned with the InvestEU objective of promoting research, development and innovation.

    Background information

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. Its key priorities are climate and the environment, development, innovation and skills, small and medium companies (SMEs), infrastructure and cohesion. It works closely with other EU institutions to foster European integration, promote the development of the European Union and support EU policies in more than 140 countries worldwide.

    The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investments for the European Union’s policy priorities, such as the European Green Deal and the digital transition. The InvestEU programme brings together under one roof the multitude of EU financial instruments currently available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

    EIB venture debt is a quasi-equity investment product suitable for early and growth stage ventures, combining a long-term loan with an instrument linking the return to the performance of the company. The EIB has made over  100 venture debt investments since 2015 across Europe, totalling over €2.1  billion. With the backing of InvestEU, the EIB aims to support European ventures and scale-ups in the cleantech, deeptech and life sciences sectors.

    Vay develops automotive-grade technology for remote driving (“teledriving”), paving the way for sustainable and driverless mobility services. In February 2023, Vay became Europe’s first and only company to operate driverless vehicles on public roads. In January 2024, Vay launched its first commercial mobility service in Las Vegas, USA. Founded in Berlin in 2018 by Thomas von der Ohe, Fabrizio Scelsi, and Bogdan Djukic, Vay has 150+ employees and offices in Berlin, Hamburg, and Las Vegas, USA.

    Vay raised a USD 95m Series B funding round, attracting investors worldwide. These include Kinnevik, Coatue, Eurazeo, Atomico, La Famiglia, and Creandum, as well as prominent business angels such as former Alphabet CFO Patrick Pichette, former member of the Management Board for R&D, Design, CTO of Audi Peter Mertens and Spotify’s Chief Technology & Chief Product Officer Gustav Söderström. In 2024, Vay received a EUR 34m investment from the European Investment Bank (EIB).

    Vay Teledriven Mobility Services (IEU GT2)
    EIB backs Vay’s launch of teledriven car-sharing services
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    EIB backs Vay’s launch of teledriven car-sharing services
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    MIL OSI Europe News –

  • MIL-OSI: Calian continues to respond to growing demand for global defence solutions

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, Oct. 17, 2024 (GLOBE NEWSWIRE) — Calian Group Ltd. (TSX: CGY), closed fiscal year 2024 ending September 30, having signed several defence contracts in the fourth quarter valued at approximately $29 million, further solidifying its position as a trusted partner in the global defence industry. These new contracts align with Calian’s mission to equip, prepare and protect military personnel as global military spending continues to surge amid war, geopolitical instability and the heightened need for new and advanced technologies.

    Global defence budgets continue to rise and are projected to reach $2.5 trillion by 2028 according to Markets and Markets. Throughout FY2024, Calian continued to win contracts to support key global defence initiatives that enhance military readiness and operational effectiveness. Closing out Q4, Calian was selected to provide Canada and NATO members with operational and training support, defence manufacturing, engineering support and technical expertise.

    “As the world faces continued unrest, Calian is more dedicated than ever to delivering cutting-edge defence solutions to ensure the preparedness and safety of Canadian, NATO and allied personnel,” said Kevin Ford, CEO, Calian. “Our recent contract signings reflect the growing trust our global partners place in Calian to support critical global defence initiatives. As we move into FY2025, we remain focused on helping our allies prepare for the complex challenges that lie ahead, equipping them with the tools and expertise needed to safeguard national and global security.”

    In a 2024 McKinsey & Company report they indicated that following the invasion of Ukraine, NATO member states have announced plans to spend significantly more on defence in the coming years. It goes on to add that if actual spending stays in line with the latest announcements made by European governments, their analysis estimates that cumulative defence spending could increase by €700 billion to €800 billion between 2022 and 2028, with total European spending reaching as much as €500 billion per year in 2028. With Calian’s recent acquisition of U.K.’s Mabway, combined with its leadership in providing defence readiness expertise for NATO countries, Calian is uniquely positioned going into FY2025 to support these increasing demands.

    With over 40 years of experience delivering defence solutions to Canada and its global allies, Calian provides a broad portfolio of services, including military training, simulation, healthcare, cybersecurity and complex systems integration. These recent Q4 contract signings reinforce Calian’s commitment to helping military forces remain ready and resilient in today’s fast-changing security environment.

    Learn more about how Calian delivers confidence for military customers, no matter their needs: https://www.calian.com/defence/.

    About Calian
    http://www.calian.com
    We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

    Product or service names mentioned herein may be the trademarks of their respective owners.

    Media inquiries:
    media@calian.com
    613-599-8600 x 2298

    Investor Relations inquiries:
    ir@calian.com

    DISCLAIMER
    Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

    Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
    Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

    The MIL Network –

  • MIL-OSI: Banzai Announces Expanded Partnership with Salesforce, Today’s Industry Leading AI CRM Company for Smarter Webinar Campaigns

    Source: GlobeNewswire (MIL-OSI)

    Simplified Workflows and Real-Time Insights with Account Engagement Integration in Demio Give Salesforce Users the Tools They Need to Enhance Their Webinar Strategy

    SEATTLE, Oct. 17, 2024 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced significant enhancements to its Demio platform through deeper integration with Salesforce, the industry leading AI CRM company.

    These new features address key operational challenges faced by marketing teams, delivering an improved level of precision in webinar data management, from automated lead capture to real-time UTM tracking. Marketers leveraging this integration will not only see immediate efficiency gains but will also benefit from enhanced decision-making capabilities, thanks to cleaner, more accurate data pipelines.

    Key Enhancements Designed to Maximize Efficiency and Insight

    This integration addresses common pain points for Salesforce Account Engagement users by automating the syncing of webinar data—from contact information to UTM tracking—greatly reducing the time and effort required for manual processes. Marketers can now focus on optimizing campaigns with real-time insights, enabling data-driven adjustments with speed and precision. The seamless UTM tracking integration offers a comprehensive view of campaign performance across channels, while Demio’s smart list management feature ensures that webinar registrants are automatically added to targeted Salesforce Account Engagement lists, ensuring no lead slips through the cracks.

    Key capabilities include:

    • Automated List Management: Simplify the process by automatically syncing registrants to Salesforce Account Engagement, ensuring optimal engagement across the funnel.
    • Real-Time UTM Tracking: Gain holistic insights into campaign performance with real-time tracking at both session and individual contact levels.
    • Advanced Search for List Management: Quickly navigate extensive lists with Demio’s new auto-search feature, saving time and boosting productivity.
    • Custom Field Syncing: Ensure accurate and up-to-date information across platforms, enabling targeted segmentation and precision marketing.

    Joe Davy, CEO of Banzai, emphasized the power of this upgraded integration: “By deepening our connectivity with Pardot, we’re offering marketers a more scalable, data-rich experience. This isn’t just a product enhancement; it’s a strategy shift that will drive better outcomes with less effort.”

    A Future-Focused Solution for Salesforce Customers

    Banzai continues to innovate to ensure its solutions meet the evolving needs of marketing teams. By integrating powerful features directly into users’ workflows, this enhancement sets a new standard for what’s possible in webinar campaign management—paving the way for more strategic, data-driven marketing operations.

    About Salesforce

    Salesforce is the #1 AI CRM, empowering companies to connect with their customers in a whole new way through the power of CRM + AI + Data + Trust on one unified platform: Einstein 1. For more information visit: http://www.salesforce.com.

    About Banzai
    Banzai is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. On a mission to help their customers achieve their mission, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Square, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at http://www.banzai.io. For investors, please visit https://ir.banzai.io/.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    http://www.mzgroup.us

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

    The MIL Network –

  • MIL-OSI: Convex partners with EXL to accelerate operational excellence through data and technology

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, was selected by Convex Group Limited (“Convex”), the international specialty insurer and reinsurer, for a multiyear engagement focused on accelerating delivery of its business operations. The program will improve efficiency and customer experience, delivering a more cost-effective, scalable and resilient operating model.

    As part of Convex’s strategically differentiated approach to outsourcing, EXL will help deliver the next phase of development in operational excellence and efficiency, enhancing workflows and delivering integrated data-enriched management information, analytics and AI across the breadth of the operating model. This will allow Convex to continue to maintain its client-centric focus and growth momentum while drawing on EXL’s deep expertise in insurance operations and market-proven AI and data capabilities. In addition, EXL’s multi-tower and multi-geography delivery centers and transformation center of excellence will support Convex’s requirements for flexible and adaptable access to evolving skills and resources.

    “We are excited to work closely with Convex to evolve their operating model, supporting better business decisions through data and technology while delivering greater scalability and efficiency in their operations,” said Vikas Bhalla, president, EXL and head of Insurance business. “Partnering with EXL will not only support Convex in its continued growth and deployment of current technologies but also help the organization leverage future technological advancements with speed and agility.”

    “We selected EXL as a strategic partner because we felt they aligned well with our values while demonstrating a strong capability and drive to leverage cutting-edge technology and data in the delivery of services,” said Adrian Spieler, chief operating officer at Convex. “EXL not only brings the London market experience but also the experience of implementing transformational solutions alongside transparency and high-quality management information into operations. We see this engagement as an accelerator for delivering operational excellence to our brokers and clients.”

    EXL works with more than 550 global insurers, re-insurers, brokers and Insurtech firms to leverage data and artificial intelligent based solutions to help our clients improve risk mitigation, reduce indemnity spend, enhance customer experience and lower service costs. With a 25-year heritage in the insurance industry, EXL’s global presence and deep insurance expertise help clients stay resilient and leverage the best-of-breed solutions to stay ahead.

    To learn more about EXL’s data-led approach to digital transformation, please visit here.

    About EXL
    EXL (NASDAQ: EXLS) is a leading data analytics and digital operations and solutions company. We partner with clients using a data and AI-led approach to reinvent business models, drive better business outcomes and unlock growth with speed. EXL harnesses the power of data, analytics, AI, and deep industry knowledge to transform operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have more than 55,000 employees spanning six continents. For more information, visit http://www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.
    © 2024 ExlService Holdings, Inc.  All rights reserved. For more information go to http://www.exlservice.com/legal-disclaimer

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

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

    The MIL Network –

  • MIL-OSI: LM Funding America, Inc.’s Bitcoin Holdings was Valued at $9.6 million in Monthly Update

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today provided a preliminary, unaudited Bitcoin mining and operational update for the month ended September 30, 2024.

    Metrics *

    Three
    Months
    1    stQtr.
    2024

    Three
    Months
    2    ndQtr.
    2024

    		  

    One Month
    September 30,
    2024

    Three
    Months
    3    rdQtr.
    2024

    		  

    Nine Months
    Ended September
    30, 2024
    Bitcoin Beginning Balance 95.1   163.4     135.7 160.4     95.1  
    Bitcoin Mined, net 86.4   44.1     6.6 18.4     148.9  
    Bitcoin Sold (18.0)   (47.0)     – (36.5)     (101.5)  
    Service Fee (rounding) (0.1)   (0.1)     0.1 –     (0.2)  
    Bitcoin Holdings at Month End 163.4   160.4     142.3 142.3     142.3  
                   
    Approximate Miners Deployed at Month End 5,940   5,880     3,700     3,700  
    Approximate Miners In-Transit at Month End       2,200     2,200  
    Approximate Potential Hash Rate at Month End (PH/s) 614   639     639     639  

    *Unaudited

    The Company estimates that the value of its 142.3 Bitcoin holdings on September 30, 2024, was approximately $9.6 million, based on an estimated October 16, 2024 BTC price of $67,500.

    About LM Funding America
    LM Funding America, Inc. (Nasdaq: LMFA), operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company has approximately 5,880 miners, electrified and actively mining Bitcoin, providing the company with approx. 639 petahash of mining capacity. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.

    Forward-Looking Statements
    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranties of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at http://www.sec.gov. These risks and uncertainties include, without limitation, uncertainty created by the risks of entering into and operating in the cryptocurrency mining business, uncertainty in the cryptocurrency mining business in general, problems with hosting vendors in the mining business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, the ability to finance and grow our cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, the potential need for additional capital in the future, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

    Contact:
    Crescendo Communications, LLC
    Tel: (212) 671-1021
    Email: LMFA@crescendo-ir.com

    The MIL Network –

  • MIL-OSI: Richtech Robotics Expands Agreement with Ghost Kitchens to Manage 20 Additional Walmart-Located Restaurants, Growing its Restaurant Operations Model

    Source: GlobeNewswire (MIL-OSI)

    Company’s subsidiary, AlphaMax Management LLC, will optimize operations through the use of robotics and AI cloud technology at restaurants across Arizona, Colorado, and Texas

    LAS VEGAS, Oct. 17, 2024 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, today announces that it is expanding its restaurant operations model with the signing of a binding Letter of Intent (LOI) with Ghost Kitchens America. Under the terms of the LOI, Richtech Robotics agreed to enter into a franchise agreement with Ghost Kitchens America, pursuant to which the Company will acquire exclusive rights to operate 20 Walmart-located restaurants in Arizona, Colorado, and Texas. These restaurants will be directly managed by Richtech Robotics’ subsidiary, AlphaMax Management LLC, with the aim of optimizing restaurant operations through robotics and AI cloud technology. Each location is expected to generate between $700 thousand and $2 million in annual revenue.

    Richtech Robotics is deploying its proprietary automation to enhance operational efficiency, augment and personalize customer experiences, and lower operational costs. The establishment and ongoing management of these restaurants is anticipated to provide a clear, repeatable operational blueprint that businesses can use to scale robotic deployment and optimize their business model.

    Matt Casella, President of Richtech Robotics, stated: “Richtech Robotics is committed to the commercialization of robotics, through both robotic sales and the operation of our own robot-powered restaurants. This agreement will significantly add to our restaurant portfolio, and these high-traffic locations will bring greater visibility to our brand and our solutions. Our restaurant operations will showcase the very same robotic and AI platforms offered through our RaaS (Robotics-as-a-Service) business model. We expect these platforms to become a fast-growing and stable revenue stream for us as we leverage them to manage thousands, and eventually tens of thousands, of restaurant operations in the future.”

    George Kottas, CEO of Ghost Kitchens America, commented: “All Walmart locations where we’ve signed agreements with Richtech Robotics have strong sales numbers and steady customer traffic. Based on our previous collaborations, Ghost Kitchens is confident that Richtech Robotics’ robotic technology and operational management services will maximize the performance of these restaurants. We look forward to further expanding our partnership with Richtech Robotics as we rapidly grow our restaurant footprint.”

    In addition to today’s announcement, the Company has already secured exclusive operational rights for the Ghost Kitchen at a Walmart location in Rockford, Illinois. Additionally, Richtech Robotics has signed a franchise agreement for another Walmart restaurant in Peachtree, Georgia, which is expected to begin operations later this year.

    Through AlphaMax Management LLC, Richtech Robotics is operating these restaurants and advancing the application of robotic technology in the food service industry, with the goal of helping businesses reduce costs and improve efficiency.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at http://www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    About Ghost Kitchens International (GKI)

    With restaurants across Canada and the US, GKI is expanding to open 240 new restaurants under the ONE KITCHEN banner in USA and Canada. Each restaurant features multiple national brands made to order, a single operator, innovative front and back-of-house technology, and walk-in and delivery customers. For more information go to http://www.ghostkitchenbrands.com.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the anticipated success and benefits of the partnership with Ghost Kitchens America, including the ability of each location to generated expected annual revenue.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the parties’ ability to negotiate and execute a definitive agreement in connection with the LOI; Richtech Robotics’ ability to implement the definitive agreement; the ability of each location to generated the expected amount of annual revenue; and Richtech Robotics’ ability to realize the benefits described herein. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 27, 2024, the Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media: 
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

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