NewzIntel.com

Category: Finance

  • MIL-OSI USA: Biden-Harris Administration Awards Nearly $1.5 Million to Help Illinois Improve Maternal Health

    Source: United States House of Representatives – Congresswoman Robin Kelly IL

    Rep. Robin Kelly, Chair of CBC Health Braintrust, Joins Announcement as Part of HRSA’s Latest Enhancing Maternal Health Initiative Convening

    CHICAGO – The Health Resources and Services Administration (HRSA), an agency of the U.S. Department of Health and Human Services (HHS), announced nearly $1.5 million to the University of Illinois-Chicago to identify and implement innovative strategies to address the maternal health crisis. HRSA Deputy Administrator Jordan Grossman, joined by Congresswoman Robin Kelly (IL-02), Chair of the Congressional Black Caucus Health Braintrust and Co-chair of the bipartisan Maternity Care Caucus, announced this award in Chicago as part of HRSA’s latest state Enhancing Maternal Health Initiative convening.

    HRSA announced the availability of this funding in December 2023 at a White House roundtable on innovation in maternal health convened by the Office of the Vice President Kamala Harris and the Domestic Policy Council in support of the White House Blueprint for Addressing the Maternal Health Crisis.

    “Our nation’s crisis of maternal mortality requires urgent action. Pregnancy and birth should be one of the happiest moments for a family, but too many moms and women are suffering,” said Rep. Kelly. “I’m grateful to HRSA for elevating this conversation and for their efforts to improve maternal health outcomes in Illinois and nationwide. Together, we will ensure that every woman receives the care, support, and resources she deserves.”

    “Supporting community solutions to the maternal mortality crisis means listening to moms and women with lived experience,” said HRSA Deputy Administrator Grossman. “At the Health Resources and Services Administration, we are proud to invest in our State Maternal Health Task Force initiative to create community tables across the country that are innovating and deploying community-driven solutions and strategies to advance women’s health.”

    State Maternal Health Innovation programs identify the key drivers of maternal mortality in their state, develop strategies and implement new interventions to address these issues tailored to their state’s needs. As part of this program, HRSA also funds State Maternal Health Task Forces that bring together health care providers, policymakers, patients, payers, and other stakeholders to develop shared solutions specific to their state’s needs and to better support pregnant women and new moms.

    State Maternal Health Innovations programs have implemented a broad range of interventions to address maternal health challenges in their individual states. Examples of these interventions include early identification and treatment of hypertension to reduce preeclampsia and other risks, providing mobile simulation trainings to prepare health care providers for a range of adverse labor events, expanding access to trainings to rural and frontier hospitals that do not have a dedicated obstetrics department, and creating resources to improve first responders’ ability to respond to patients with substance use disorder during and after pregnancy.

    This funding is part of the Biden-Harris Administration’s broader efforts to improve maternal health and supports HRSA’s ongoing initiative to reduce maternal mortality and health disparities. HRSA’s Enhancing Maternal Health Initiative aims to accelerate HRSA’s efforts to improve maternal health outcomes in partnership with women, grant recipients, community organizations, and state and local officials nationwide.

    Other key actions HRSA has taken to improve maternal health include:

    • Launching the National Maternal Mental Health Hotline (833-TLC-MAMA) in 2022. The hotline provides 24/7 emotional and mental health support via call or text to expectant and new mothers and their families.
    • Expanding Home Visiting services. HRSA recently awarded over $440 million in funding to expand voluntary, evidence-based home visiting services for eligible families across the country. Through the Maternal, Infant, and Early Childhood Home Visiting Program, local organizations can provide home visits from nurses, social workers, and other trained health workers who work with families to improve maternal and child health, child development and school readiness.
    • Expanding Healthy Start services. HRSA recently invested $105 million in community-based organizations to improve maternal and infant health across the country through Healthy Start. Healthy Start funding will better support moms and babies to improve health in communities experiencing high disparities in maternal and infant health outcomes.
    • Growing and diversifying the perinatal workforce, including doulas. HRSA has increased the number of obstetrician-gynecologists (OB/GYNs), nurses, midwives, doulas, and community health workers, especially in places without them, through grants, scholarships and loan repayment. For example, HRSA launched new programs to train more nurse midwifes who reflect the communities they serve, train and deploy more community-based doulas, and support the training of more nurse practitioners with a focus on maternal health, including in underserved and rural areas.
    • Investing in new community health center efforts to address maternal health disparities. HRSA invested more than $65 million in 35 HRSA-funded health centers across the country to implement innovative approaches to improve maternal health outcomes and reduce disparities for patients at highest risk.
    • Supporting maternal health care in rural communities. HRSA funds the Rural Maternity and Obstetrics Management Strategies (Rural MOMS) Program to increase access to maternal and obstetrics care in rural communities and improve health outcomes for mothers and infants. HRSA also awarded nearly $9 million over four years to five organizations to expand access to and coordinate health care services before, during, and after pregnancy in rural communities in the South.

    For a complete list of State MHI awards, visit: https://mchb.hrsa.gov/programs-impact/programs/state-mhi.

    MIL OSI USA News –

  • MIL-OSI Australia: New West Wyalong key worker accommodation set to welcome health staff

    Source: New South Wales Government 2

    Headline: New West Wyalong key worker accommodation set to welcome health staff

    Published: 10 October 2024

    Released by: Minister for Regional Health

    Healthcare workers in West Wyalong can now access modern, fit-for-purpose accommodation, with three new units completed at West Wyalong Health Service, delivered as part of the NSW Government’s Key Worker Accommodation (KWA) Program.

    The three units are located on the hospital grounds, and will provide a safe, modern and comfortable place for healthcare workers who have relocated to West Wyalong and are still establishing themselves in the community.

    The pre-manufactured units were delivered in August, with the connection of services, furnishing, fencing and landscaping now complete. 

    Each unit is fully furnished and self-contained, and features a screened verandah, light-filled living and dining area, modern kitchen, bedroom with ensuite, and internal laundry.  Parking spaces and secure access are also provided.  

    West Wyalong Health Service is expecting the first occupants to move into the accommodation units shortly. 

    The Murrumbidgee Local Health District is one of three regional local health districts to benefit from the NSW Government’s $45.3 million investment to deliver accommodation for health workers under the KWA Program. 

    New accommodation units are also being delivered at Finley, Leeton and Narrandera, with units expected to be delivered to these sites before the end of the year.  

    Quotes attributable to Regional Health Minister Ryan Park: 

    “It’s exciting to see these units fully established on the West Wyalong Health Service site after being manufactured offsite and delivered on the back of trucks only two months ago.

    “Ensuring these units are available removes a barrier to finding accommodation for healthcare workers wanting to work at West Wyalong Health Service, meaning recruiting and retaining staff will be easier.

    “Recruitment is one of the biggest challenges facing rural and regional hospitals across Australia, which is why we are committing a further $200.1 million to increase key health worker accommodation in the state.”

    Quotes attributable to Labor Spokesperson for Cootamundra Stephen Lawrence MLC: 

    “Affordable, accessible accommodation is a key factor in attracting and retaining health workers and I am looking forward to the West Wyalong community welcoming the first workers into the units and the health service.

    “Investments like this underpin the Minns Labor Government’s focus on strengthening and supporting our highly skilled health workforce to ensure NSW’s regional and rural communities have access to high quality healthcare close to home.”

    MIL OSI News –

  • MIL-OSI USA: Warren, Whitehouse Call Out Accounting Regulator for “Profoundly Troubling” Failures, “Unacceptable” Error Rates in Public Company Audits

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    October 10, 2024
    Nearly half of 2023 audits had significant deficiencies. 
    “This is an astonishing finding that calls for immediate action by the PCAOB—and careful review by regulators….(I)nvestors and the public essentially face a coin flip when it comes to whether they should believe and trust the results of public companies’ audits.”
    Text of Letter (PDF)
    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.), members of the Senate Committee on Finance, called on the Public Company Accounting Oversight Board (PCAOB) to establish stricter accountability for accounting firms with “unacceptable” deficiency rates. The PCAOB is charged with overseeing the audits of public companies to protect investors and provide the public with “informative, accurate, and independent audit reports.” But the agency is not doing its job.
    Last year, the PCAOB’s review of over 200 accounting firms’ audits found that 46% had errors so significant that that auditor “had not obtained sufficient appropriate audit evidence to support its opinion” about a public company’s financial statements and financial reporting. The findings of this review reveal a nearly complete failure by the agency and cast doubts on the auditing process that plays a crucial role for investors in publicly traded companies.
    “[T]he findings of this new analysis reveal a nearly complete failure [by PCAOB], indicating that investors and the public essentially face a coin flip when it comes to whether they should believe and trust the results of public companies’ audits,” wrote Senators Warren and Whitehouse.
    Yet, the PCAOB does not appear to recognize the seriousness of the problem. In fact, Chair Erica Williams said the report showed “small signs of movement in the right direction.” And Board Member Christina Ho downplayed the findings, asserting that “there is another side to the story.” 
    ‘[T]his is the wrong conclusion to draw from an embarrassing and intolerable set of findings,” wrote Sens. Waren and Whitehouse. 
    “The PCAOB must do better. …Either [auditing] standards are inadequate—or the PCAOB is failing to establish accountability for firms that do not meet them. These are unacceptable failures by the PCAOB,” concluded the lawmakers. 
    The senators request clarification about how the PCAOB plans to hold auditors accountable for ongoing problems by October 23, 2024. 
    Senator Warren has led the charge to ensure the PCAOB is effective and accountable to the public: 
    In January 2023, Senators Elizabeth Warren and Ron Wyden (D-Ore.) wrote to the PCAOB raising concerns about crypto accounting firms’ independence and methodology following reports of whitewashed audits of crypto firms with histories of malfeasance. 
    In May 2021, Senators Elizabeth Warren and Bernie Sanders (I-Vt.) sent a letter to Security and Exchange Commission (SEC) Chair Gary Gensler requesting the SEC use its authority to immediately remove and replace the members of the PCAOB, which sets standards for audits of public company financial statements required under Sarbanes-Oxley.
    In April 2017, Senators Elizabeth Warren and Edward J. Markey (D-Mass.) wrote to PCAOB, raising questions and releasing new information about KPMG’s role as the independent auditor of Wells Fargo during the time period in which thousands of Wells Fargo staff engaged in fraudulent behavior affecting millions of accounts.

    MIL OSI USA News –

  • MIL-OSI Submissions: Crypto – Bitcoin’s price this Halloween: new record looms? Finance experts’ survey

    Source: Finbold

    There is a long-standing belief within cryptocurrency circles that ‘Uptober’ gives way to the Halloween effect—a period between the end of October and the end of May when markets trend higher.

    To find out what Bitcoin’s price could be during Halloween 2024, Finbold interviewed five finance professionals and revealed that BTC is expected to, on average, hit $69,400 on the spookiest of holidays.

    There is also some variance in the forecasts despite the general optimism, and the average of the upper bounds of the target ranges would see the cryptocurrency trade at $70,400 on Halloween and of the lowest at $59,400.

    Furthermore, the most bullish individual target hopes for a BTC climb to $85,000 on October 31, while the lowest is worried about a drop to $35,000.

    Therefore, Bitcoin’s price this Halloween is expected to be 101.16% higher than in October 2023.

    Finance experts who participated in the survey include the CEO of Joy Wallet, the CEO of ForexMT4Indicators, HodlMaven’s owner and investment research manager at Gold IRA Investment Guy, and the founder of Stock Dork.

    Bitcoin poised for a record Halloween price in 2024

    Nonetheless, Bitcoin is likely to experience a strong October and is already at its highest ‘Uptober’ prices compared to every preceding year, save for 2021. Furthermore, as Andreja Stojanovic, the co-author of the research, pointed out:

    “Should the average expert price target be reached, BTC would set a new record for its Halloween price as it would be $8,100 higher than three years earlier, almost twice as high as in 2023, and more than ten times higher than in 2017 or 2018.”

    Finally, despite expert bullishness and market optimism, October may bring negative surprises for BTC.

    Notably, recent Middle East expectations severely depressed the cryptocurrency’s price at the beginning of the month, and the danger of a further expansion of the war runs high.

    Read the full story with statistics: https://finbold.com/bitcoins-price-this-halloween-new-record-looms-finance-experts-survey/

    MIL OSI – Submitted News –

  • MIL-OSI USA: First Greenhouse Gas Plumes Detected With NASA-Designed Instrument

    Source: NASA

    The imaging spectrometer aboard the Carbon Mapper Coalition’s Tanager-1 satellite identified methane and carbon dioxide plumes in the United States and internationally.
    Using data from an instrument designed by NASA’s Jet Propulsion Laboratory in Southern California, the nonprofit Carbon Mapper has released the first methane and carbon dioxide detections from the Tanager-1 satellite. The detections highlight methane plumes in Pakistan and Texas, as well as a carbon dioxide plume in South Africa.
    The data contributes to Carbon Mapper’s goal to identify and measure greenhouse gas point-source emissions on a global scale and make that information accessible and actionable. 
    Enabled by Carbon Mapper and built by Planet Labs PBC, Tanager-1 launched from Vandenberg Space Force Base in California on Aug. 16 and has been collecting data to verify that its imaging spectrometer, which is based on technology developed at NASA JPL, is functioning properly. Both Planet Labs PBC and JPL are members of the philanthropically funded Carbon Mapper Coalition.
    “The first greenhouse gas images from Tanager-1 are exciting and are a compelling sign of things to come,” said James Graf, director for Earth Science and Technology at JPL. “The satellite plays a crucial role in detecting and measuring methane and carbon dioxide emissions. The mission is a giant step forward in addressing greenhouse gas emissions.”
    The data used to produce the Pakistan image was collected over the city of Karachi on Sept. 19 and shows a roughly 2.5-mile-long (4-kilometer-long) methane plume emanating from a landfill. Carbon Mapper’s preliminary estimate of the source emissions rate is more than 2,600 pounds (1,200 kilograms) of methane released per hour.
    The image collected that same day over Kendal, South Africa, displays a nearly 2-mile-long (3-kilometer-long) carbon dioxide plume coming from a coal-fired power plant. Carbon Mapper’s preliminary estimate of the source emissions rate is roughly 1.3 million pounds (600,000 kilograms) of carbon dioxide per hour.
    The Texas image, collected on Sept. 24, reveals a methane plume to the south of the city of Midland, in the Permian Basin, one of the largest oilfields in the world. Carbon Mapper’s preliminary estimate of the source emissions rate is nearly 900 pounds (400 kilograms) of methane per hour.
    In the 1980s, JPL helped pioneer the development of imaging spectrometers with AVIRIS (Airborne Visible/Infrared Imaging Spectrometer), and in 2022, NASA installed the imaging spectrometer EMIT (Earth Surface Mineral Dust Source Investigation), developed at JPL, aboard the International Space Station.
    A descendant of those instruments, the imaging spectrometer aboard Tanager-1 can measure hundreds of wavelengths of light reflected from Earth’s surface. Each chemical compound on the ground and in the atmosphere reflects and absorbs different combinations of wavelengths, which give it a “spectral fingerprint” that researchers can identify. Using this approach, Tanager-1 will help researchers detect and measure emissions down to the facility level.
    Once in full operation, the spacecraft will scan about 116,000 square miles (300,000 square kilometers) of Earth’s surface per day. Methane and carbon dioxide measurements collected by Tanager-1 will be publicly available on the Carbon Mapper data portal.
    More About Carbon Mapper
    Carbon Mapper is a nonprofit organization focused on facilitating timely action to mitigate greenhouse gas emissions. Its mission is to fill gaps in the emerging global ecosystem of methane and carbon dioxide monitoring systems by delivering data at facility scale that is precise, timely, and accessible to empower science-based decision making and action. The organization is leading the development of the Carbon Mapper constellation of satellites supported by a public-private partnership composed of Planet Labs PBC, JPL, the California Air Resources Board, Arizona State University, and RMI, with funding from High Tide Foundation, Bloomberg Philanthropies, Grantham Foundation for the Protection of the Environment, and other philanthropic donors.
    News Media Contacts
    Andrew Wang / Jane J. LeeJet Propulsion Laboratory, Pasadena, Calif.626-379-6874 / 818-354-0307andrew.wang@jpl.nasa.gov / jane.j.lee@jpl.nasa.gov
    2024-136

    MIL OSI USA News –

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Announces Change to Monthly Distributions and Announces Distributions

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today its distribution payment frequency will change from quarterly to monthly payments beginning in November 2024.

    As outlined in the table below, the Company declared a monthly distribution of $0.08 per share payable in November 2024, December 2024 and January 2025. This monthly distribution amount is equivalent to the $0.24 per share quarterly distribution paid by KYN on October 7, 2024.

    The Board of Directors and management understand how important distributions are to the Company’s investors and believe this change to KYN’s distribution policy will make it an attractive choice for investors who desire more frequent distribution payments.

    Payment of future distributions is subject to the approval of the Company’s Board of Directors.  It is the Company’s intention to declare monthly payments each month beginning with the monthly distribution payment expected to be made in February 2025.

    Record Date / Ex-Date Payment Date Distribution Amount Return of Capital Estimate
    11/15/24 11/29/24 $0.08 0%(1)
    12/16/24 12/31/24 $0.08 75%(2)
    1/15/25 1/31/25 $0.08 75%(2)

    (1) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2024 and may differ substantially from this preliminary information.
    (2) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. 

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at http://www.kaynefunds.com or http://www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network –

  • MIL-OSI: Amalgamated Financial Corp. Announces Third Quarter 2024 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its third quarter 2024 financial results will be released before market open on Thursday, October 24, 2024. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results.

    Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the website at https://ir.amalgamatedbank.com/.

    A replay of the conference call will be available within two hours of the conclusion of the call and can be accessed both online and by dialing 1-844-512-2921 (international callers please dial 1-412-317-6671). The pin to access the telephone replay is 13748697. The replay will be available until October 31, 2024.  

    About Amalgamated Financial Corp.

    Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Bank. Amalgamated Bank is a New York-based full-service commercial bank and a chartered trust company with a combined network of five branches across New York City, Washington D.C., and San Francisco, and a commercial office in Boston. Amalgamated Bank was formed in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the country’s oldest labor unions. Amalgamated Bank provides commercial banking and trust services nationally and offers a full range of products and services to both commercial and retail customers. Amalgamated Bank is a proud member of the Global Alliance for Banking on Values and is a certified B Corporation®. As of June 30, 2024, our total assets were $8.3 billion, total net loans were $4.4 billion, and total deposits were $7.4 billion. Additionally, as of June 30, 2024, our trust business held $34.6 billion in assets under custody and $14.0 billion in assets under management.

    Investor Contact:
    Jamie Lillis
    Solebury Strategic Communications
    shareholderrelations@amalgamatedbank.com 
    800-895-4172

    Source: Amalgamated Financial Corp.

    The MIL Network –

  • MIL-OSI: Innventure Sponsors Licensing Executives Society (LES) Annual Meeting 2024

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., Oct. 10, 2024 (GLOBE NEWSWIRE) — Innventure (Nasdaq: INV), a technology commercialization platform, today announced its sponsorship of the Licensing Executives Society (USA & Canada), Inc. (LES) 2024 Annual Meeting. Innventure’s Gold Level sponsorship and attendance at the October 20-23 event in New Orleans underscores its commitment to fostering innovation and bringing groundbreaking technologies to market.

    “The LES Annual Meeting is like no other IP event you’ll go to,” said Bob Held, IP & Licensing Expert, Past President & Chair of the Board and part-time CEO of LES. “It brings together people from all walks of the IP life – students, university professors, CEOs of corporations, startups, mid-size companies, university tech transfer offices, government officials, attorneys, and consultants. It’s a forum where relationships are built that can last for decades, benefiting attendees both personally and professionally.”

    The LES Annual Meeting is a cornerstone event for professionals in intellectual property, licensing, and technology transfer. This year’s meeting is expected to draw over 500 attendees from around the world.

    The four-day event will feature over 30 panel sessions, 15 roundtable discussions, and distinguished keynote speakers, including Alaina van Horn, Chief of the Intellectual Property Enforcement (IPE) Branch of U.S. Customs and Border Protection, and Congressman Troy Carter. Topics will range from artificial intelligence and life sciences to data use in complex SEP licensing and recent legal updates across the U.S. and Europe.

    Innventure’s Gold Level sponsorship underscores its commitment to fostering innovation and bringing groundbreaking technologies to market.

    “We see tremendous value in supporting LES and its mission,” said Bill Haskell, CEO of Innventure. “Our model of commercializing breakthrough technologies aligns perfectly with the LES community’s focus on advancing the business of intellectual property.”

    At the LES Annual Meeting, Innventure will lead a workshop titled “Maximizing IP Value through Strategic Spin-Outs and Alternative Commercialization Approaches” that is scheduled for October 22, from 11:15 a.m. to 12:15 p.m. in Galerie 4 (2nd Floor). This panel will feature Innventure executives Gayle Anderson and Tom Cripe, alongside David Rikkers of Expedited Climb Capital LLC. This interactive session, conducted in a talk show format with Q&A, is designed for seasoned IP executives and professionals seeking to understand the nuances of technology transfer and spin-outs.

    The LES Annual Meeting provides unparalleled networking opportunities and insights into the evolving landscape of IP and technology commercialization.

    Representatives from Innventure will be on-site at the New Orleans Marriott, and available for meetings. Please visit them at the Innventure booth or reach out to Erin Steigerwalt, Innventure events manager.

    “In today’s rapidly changing IP environment, staying informed and connected is crucial,” Held said. “Whether it’s understanding the impact of generative AI on patents or keeping up with judicial rulings, LES offers the knowledge and connections needed to navigate these challenges effectively.”

    For more information about the LES Annual Meeting 2024 and to register, visit https://les2024.org/ or Innventure.com.

    About Innventure
    Innventure founds, funds, and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. As owner-operators, Innventure takes what it believes to be breakthrough technologies from early evaluation to scaled commercialization utilizing an approach designed to help mitigate risk as it builds disruptive companies it believes have the potential to achieve a target enterprise value of at least $1 billion. Innventure defines ‘‘disruptive’’ as innovations that have the ability to significantly change the way businesses, industries, markets and/or consumers operate.

    About LES
    Established in 1965, the Licensing Executives Society (U.S.A. and Canada), Inc. (LES) is the largest member society of the Licensing Executives Society International, Inc. (LESI). LES has over 1,600 members and LESI has over 6500 members engaged in the creation, commercial development, and orderly transfer of intellectual property rights; protection and management of intellectual capital; and intellectual capital management standards development.

    Events Manager Contact

    Events Manager Contact: Erin Steigerwalt, Innventure
    esteigerwalt@innventure.com

    Media Contact: Laurie Steinberg, Solebury Strategic Communications
    press@innventure.com

    Investor Relations Contact: Sloan Bohlen, Solebury Strategic Communications
    investorrelations@innventure.com 

    The MIL Network –

  • MIL-OSI: Carlyle Secured Lending, Inc. Prices Public Offering of $300 Million 6.750% Unsecured Notes Due 2030

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Carlyle Secured Lending, Inc. (Nasdaq: CGBD) (the “Company”) today announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.750% unsecured notes due 2030 (the “Notes”). The Notes will mature on February 18, 2030 and may be redeemed in whole or in part at the Company’s option at the applicable redemption price. The offering is expected to close on October 18, 2024, subject to customary closing conditions.

    The Company intends to use the net proceeds from this offering to repay the Company’s outstanding debt including the revolving credit facility, the Company’s 4.750% unsecured notes and 4.500% unsecured notes in the aggregate principal of approximately $190.0 million, each of which is scheduled to mature on December 31, 2024, and to fund new investment opportunities, and for other general corporate purposes.

    J.P. Morgan, Barclays, BofA Securities, Morgan Stanley, Citigroup, Deutsche Bank Securities, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and R. Seelaus & Co., LLC are acting as joint book-running managers for this offering. ICBC Standard Bank, TCG Capital Markets L.L.C., B. Riley Securities, Keefe, Bruyette & Woods, A Stifel Company and Raymond James are acting as co-managers for this offering.

    Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The pricing term sheet dated October 10, 2024, preliminary prospectus supplement, dated October 10, 2024, and the accompanying prospectus, dated April 29, 2024, each of which has been filed with the U.S. Securities and Exchange Commission (the “SEC”), contain a description of these matters and other information about the Company and should be read carefully before investing.

    The Company’s shelf registration statement is on file with the SEC and is effective. The offering is being made solely by means of a preliminary prospectus supplement and an accompanying prospectus, which may be obtained for free by visiting the SEC’s website at http://www.sec.gov or from J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attn: Investment Grade Syndicate Desk, facsimile: 212-834-6081; or Barclays Capital Inc., Attention: Syndicate Registration, 745 Seventh Avenue, New York, New York 10019, telephone: 1-888-603-5847; or BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attn: Prospectus Department, or by calling 1-800-294-1322; or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attn: Prospectus Department, or by calling 1-866-718-1649.

    The information in the pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may change. The pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus, and this press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

    About Carlyle Secured Lending: Carlyle Secured Lending, Inc. is a closed-end, non-diversified and externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Our objective is to generate current income and capital appreciation by sourcing and providing senior secured debt investments to U.S. companies in the middle market that are generally backed by private equity sponsors. The Company is managed by Carlyle Global Credit Investment Management L.L.C., an SEC-registered investment adviser and a wholly owned subsidiary of The Carlyle Group Inc (“Carlyle”). We derive significant benefit from our ability access and leverage Carlyle’s significant scale, vast resources and world-class talent.

    About Carlyle: Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $435 billion of assets under management as of June 30, 2024, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 people in 29 offices across four continents.

    Forward-Looking Statements

    Statements included herein contain certain “forward-looking statements” within the meaning of the federal securities laws, including statements with regard to the Company’s Notes offering and the anticipated use of the net proceeds of the offering. You can identify these statements by the use of forward-looking terminology such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may,” “plans,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions to identify forward-looking statements, although not all forward-looking statements include these words. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. You should not place undue reliance on these forward-looking statements, which speak only as of the date on which we make it. Factors or events that could cause our actual results to differ, possibly materially from our expectations, include, but are not limited to, the risks, uncertainties and other factors we identify in the sections entitled “Risk Factors,” “Supplementary Risk Factors” and “Special Note Regarding Forward-Looking Statements” in filings we make with the SEC, and it is not possible for us to predict or identify all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Contacts:  
       
    Investors: Media:
    Nishil Mehta Kristen Greco Ashton
    +1 (212) 813-4918
    publicinvestor@carlylesecuredlending.com    		 +1 (212) 813-4763
    kristen.ashton@carlyle.com
       

    SOURCE: Carlyle Secured Lending, Inc.

    The MIL Network –

  • MIL-OSI: Southside Bancshares, Inc. Announces Third Quarter Conference Call

    Source: GlobeNewswire (MIL-OSI)

    TYLER, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its third quarter financial results before the market opens on Thursday, October 24, 2024. Southside will host a conference call to discuss its results on Thursday, October 24, 2024, at 11:00 a.m. CDT.

    The call will be hosted by Lee R. Gibson, CEO, Julie Shamburger, CFO, and Lindsey Bailes, VP, Investor Relations. Following prepared remarks there will be a question and answer session for the analyst community.

    The Conference Call Details

    The conference call can be accessed by webcast, for listen-only mode, here or on the company website, https://investors.southside.com, under Events.

    Those interested in participating in the question and answer session, or others who prefer to call-in, can register using this online form to receive the dial-in number and unique code to access the conference call seamlessly. While not required, it is recommended that those wishing to participate register 10 minutes prior to the conference call to ensure a more efficient registration process.

    For those unable to attend the live event, a webcast recording will be available here or on the company website, https://investors.southside.com, for at least 30 days, beginning approximately two hours following the conference call.

    About Southside Bancshares, Inc.

    Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.36 billion in assets as of June 30, 2024. Through its wholly-owned subsidiary, Southside Bank, Southside currently operates 54 branches and a network of 73 ATMs/ITMs throughout East Texas, Southeast Texas and the greater Dallas/Fort Worth, Austin and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, treasury management, wealth management, trust services, brokerage services and an array of online and mobile services.

    To learn more about Southside Bancshares, Inc., please visit our investor relations website at https://investors.southside.com. Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the website under Resources and Investor Email Alerts. Questions or comments may be directed to Lindsey Bailes at 903-630-7965 or lindsey.bailes@southside.com.

    For further information:
    Lindsey Bailes
    903-630-7965

    The MIL Network –

  • MIL-OSI: Varonis Announces Date of Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, announced that it will report its third quarter 2024 financial results following the close of the U.S. financial markets Tuesday, October 29, 2024.

    In conjunction with this announcement, Varonis will host a conference call Tuesday, October 29, 2024, at 4:30 p.m. ET to discuss the company’s financial results.

    To access this call, dial 877-425-9470 (domestic) or 201-389-0878 (international). The conference ID number is 13749435. A replay of this conference call will be available through November 5, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international). The replay passcode is 13749435.

    A live webcast of this conference call will be available on the “Investor Relations” page of the company’s website (https://ir.varonis.com), and the replay will be archived on the website for one year.

    Additional Resources

    About Varonis

    Varonis (Nasdaq: VRNS) is a leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), and insider risk management.

    Varonis protects data first, not last. Learn more at http://www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    The MIL Network –

  • MIL-OSI: Rapid7 to Report Third Quarter 2024 Financial Results on November 6

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that the company will release its third quarter 2024 financial results on Wednesday, November 6, 2024, after the financial markets close.

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

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

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

    Rapid7 Investor Contact:
    Elizabeth Chwalk
    Senior Director
    Investor Relations
    investors@rapid7.com
    (617) 865-4277

    Rapid7 Press Contact:
    Kelly Crummey
    Corporate Communications
    press@rapid7.com
    (617) 921-8089

    The MIL Network –

  • MIL-OSI: SuRo Capital Corp. Third Quarter 2024 Preliminary Investment Portfolio Update

    Source: GlobeNewswire (MIL-OSI)

    Continues to Execute on AI Strategy with Significant New Investments

    Net Asset Value Anticipated to be $6.50 to $7.00 Per Share

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today provided the following preliminary update on its investment portfolio for the third quarter ended September 30, 2024.

    “For over a decade, SuRo Capital has been the public’s gateway to curated venture capital. This access, once reserved only for venture capitalists, has provided exposure to some of the largest, most compelling, and highly sought after private companies in the world before they become publicly traded. Our current portfolio offers exposure to the infrastructure for artificial intelligence, growing consumer brands, and exciting consumer and enterprise software names, among others,” said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital.

    Mr. Klein continued, “This year has been one of the most active investment periods for SuRo Capital in the last decade. During the quarter, we made a $17.5 million investment in OpenAI (via ARK Type One Deep Ventures Fund LLC), one of the largest artificial intelligence developers in the world, and increased our position in CoreWeave, an AI cloud computing provider, via a $5.0 million secondary transaction. Subsequent to quarter-end, we made a $12.0 million investment in VAST Data (via IH10, LLC), an AI infrastructure data platform focused on providing enhanced productivity and simple data management for the AI-powered world, and increased our investment in CoreWeave with an additional $5.0 million secondary,” said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital.

    “With these new investments and our existing investment in CW Opportunity 2 LP we have invested nearly $55.0 million into some of the leading AI infrastructure companies. Given AI’s significant addressable market, we believe dedicating a significant portion of our portfolio to AI infrastructure will prove to be successful for our shareholders,” Mr. Klein continued.

    “Finally, during the quarter, our Board of Directors approved a repurchase program of up to $35.0 million for our 6.00% Notes due 2026 and the issuance of up to $75.0 million of private 6.50% Convertible Notes due 2029, with an initial issuance of up to $25.0 million. We believe the refinancing of a portion of our current debt to a longer-dated convertible instrument with favorable terms strengthens our balance sheet, provides greater flexibility to invest capital beyond 2026, and will ultimately maximize shareholder value in the long term,” concluded Mr. Klein.

    As previously reported, SuRo Capital’s net assets totaled approximately $162.3 million, or $6.94 per share, at June 30, 2024, and approximately $212.0 million, or $8.41 per share, at September 30, 2023. As of September 30, 2024, SuRo Capital’s net asset value is estimated to be between $6.50 to $7.00 per share, based on presently available information.

    Investment Portfolio Update
    As of September 30, 2024, SuRo Capital held positions in 36 portfolio companies – 32 privately held and 4 publicly held, some of which may be subject to certain lock-up provisions.

    During the three months ended September 30, 2024, SuRo Capital made the following investments:

    Portfolio Company Investment Transaction Date Amount(1)
    OpenAI Global, LLC –
    ARK Type One Deep Ventures Fund LLC(2)    		 Convertible Equity via
    Class A Interest    		 9/25/2024 $17.5 million
    CoreWeave, Inc. Common Shares 9/26/2024 $5.0 million

    __________________
    (1)   Amount invested does not include any capitalized costs or prepaid management fees or fund expenses, if applicable.
    (2)   SuRo Capital is invested in the Convertible Equity of OpenAI Global, LLC through its investment in the Class A Interest of ARK Type One Deep Ventures Fund LLC.   ARK Type One Deep Ventures Fund LLC’s sole portfolio asset for Class A Interest holders is the Convertible Equity of OpenAI Global, LLC.

    During the three months ended September 30, 2024, SuRo Capital exited or received proceeds from the following investments:

    Portfolio Company Transaction
    Date    		 Quantity Average Net
    Share Price    (1)    		 Net
    Proceeds    		 Realized
    Gain/(Loss)
    Churchill Sponsor VII LLC 8/18/2024 N/A N/A $- $(0.3 million)
    OneValley, Inc. (f/k/a NestGSV, Inc.)(2) 8/29/2024 N/A N/A $3.0 million $(6.6 million)
    PSQ Holdings, Inc. (d/b/a PublicSquare) – Public Common Shares(3) Various 359,845 $2.82 $1.0 million $0.7 million
    SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)(4) 9/30/2024 N/A N/A $0.4 million $(6.8 million)
    YouBet Technology, Inc. (d/b/a FanPower)(5) 8/22/2024 N/A N/A $- $(0.8 million)

    __________________
    (1)   The average net share price is the net share price realized after deducting all commissions and fees on the sale(s), if applicable.
    (2)   On August 29, 2024, SuRo Capital sold its remaining position in OneValley, Inc. (f/k/a NestGSV, Inc.).
    (3)   As of September 30, 2024, SuRo Capital held 1,616,187 remaining PSQ Holdings, Inc. (d/b/a PublicSquare) public common shares.
    (4)   On September 20, 2024, SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.) dissolved its business and made a final distribution.(5)   Investment made through SuRo Capital Sports, LLC.

    Subsequent to quarter-end through October 10, 2024, SuRo Capital made the following investments:

    Portfolio Company Investment Transaction Date Amount(1)
    CoreWeave, Inc. Series A Preferred 10/8/2024 $5.0 million
    VAST Data, Ltd. – IH10, LLC(2) Series B Preferred via
    Membership Interest    		 10/9/2024 $12.0 million

    __________________
    (1)   Amount invested does not include any capitalized costs or prepaid management fees or fund expenses, if applicable.
    (2)   SuRo Capital is invested in the Series B Preferred Shares of VAST Data, Ltd. through its investment in the Membership Interest of IH10, LLC. IH10, LLC’s sole portfolio asset is interest in the Series B Preferred Shares of VAST Data, Ltd. through a special purpose vehicle.

    SuRo Capital’s liquid assets were approximately $39.5 million as of September 30, 2024, consisting of cash and securities of publicly traded portfolio companies not subject to lock-up restrictions at quarter-end.

    As of September 30, 2024, there were 23,378,002 shares of the Company’s common stock outstanding.

    Convertible Note Purchase Agreement
    On August 6, 2024, SuRo Capital entered into a Note Purchase Agreement (the “Note Purchase Agreement”), by and between the Company and the purchaser identified therein (the “Purchaser”), pursuant to which we may issue up to a maximum of $75.0 million in aggregate principal amount of 6.50% Convertible Notes due 2029 (the “Convertible Notes”). Pursuant to the Note Purchase Agreement, on August 14, 2024 we issued and sold, and the Purchaser purchased, $25.0 million in aggregate principal amount of the Convertible Notes (the “Initial Notes”). Under the Note Purchase Agreement, upon mutual agreement between the Company and the Purchaser, we may issue additional Convertible Notes for sale in subsequent offerings to the Purchaser (the “Additional Notes”), or issue additional notes with modified pricing terms (the “New Notes”), in the aggregate for both the Additional Notes and the New Notes, up to a maximum of $50.0 million in one or more private offerings.

    Interest on the Convertible Notes will be paid quarterly in arrears on March 30, June 30, September 30, and December 30, at a rate of 6.50% per year, beginning September 30, 2024. The Convertible Notes will mature on August 14, 2029, and may be redeemed in whole or in part at any time or from time to time at our option on or after August 6, 2027 upon the fulfillment of certain conditions. The Convertible Notes will be convertible into shares of our common stock at the Purchaser’s sole discretion at an initial conversion rate of 129.0323 shares of our common stock per $1,000 principal amount of the Convertible Notes, subject to adjustments and limitations as provided in the Note Purchase Agreement.   The net proceeds from the offering of the Convertible Notes will be used to repay outstanding indebtedness, make investments in accordance with our investment objective and investment strategy, and for other general corporate purposes. The Note Purchase Agreement includes customary representations, warranties, and covenants by the Company.

    Subsequent to quarter-end, pursuant to the Note Purchase Agreement, on October 9, 2024 we issued and sold, and the Purchaser purchased, $5.0 million in aggregate principal amount of the Additional Notes. The Additional Notes are treated as a single series with the Initial Notes and have the same terms as the Initial Notes. The Additional Notes are fungible and rank equally with the Initial Notes. Upon issuance of the Additional Notes, the outstanding aggregate principal amount of our Convertible Notes became $30.0 million.

    Note Repurchase Program
    On August 6, 2024, SuRo Capital’s Board of Directors approved a discretionary note repurchase program (the “Note Repurchase Program”) which allows the Company to repurchase up to 46.67%, or $35.0 million in aggregate principal amount, of our 6.00% Notes due 2026 (the “6.00% Notes”) through open market purchases, including block purchases, in such manner as will comply with the provisions of the Investment Company Act of 1940, as amended (the “1940 Act”) and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As of September 30, 2024, we had repurchased 1,010,136 of the 6.00% Notes due 2026 under the Note Repurchase Program.

    Subsequent to quarter-end through October 10, 2024, we repurchased an additional 201,446 of the 6.00% Notes due 2026 under the Note Repurchase Program. The aggregate principal dollar amount of 6.00% Notes that may yet be repurchased by SuRo Capital under the Note Repurchase Program is approximately $4.7 million.

    Share Repurchase Program
    Under the Share Repurchase Program, the Company may repurchase its outstanding common stock in the open market, provided it complies with the prohibitions under its insider trading policies and procedures and the applicable provisions of the 1940 Act and the Exchange Act.

    Since inception of the Share Repurchase Program in August 2017, SuRo Capital has repurchased over 6.0 million shares of its common stock for an aggregate purchase price of approximately $39.3 million. This does not include repurchases under various tender offers during this time period. The dollar value of shares that may yet be purchased by SuRo Capital under the Share Repurchase Program is approximately $20.7 million. The Share Repurchase Program is authorized through October 31, 2024.

    Preliminary Estimates and Guidance
    The preliminary financial estimates provided herein are unaudited and have been prepared by, and are the responsibility of, the management of SuRo Capital. Neither our independent registered public accounting firm, nor any other independent accountants, have audited, reviewed, compiled, or performed any procedures with respect to the preliminary financial data included herein. Actual results may differ materially.

    The Company expects to announce its third quarter ended September 30, 2024 results in November 2024.

    Forward-Looking Statements
    Statements included herein, including statements regarding SuRo Capital’s beliefs, expectations, intentions, or strategies for the future, may constitute “forward-looking statements”. SuRo Capital cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. All forward-looking statements involve a number of risks and uncertainties, including the impact of any market volatility that may be detrimental to our business, our portfolio companies, our industry, and the global economy, that could cause actual results to differ materially from the plans, intentions, and expectations reflected in or suggested by the forward-looking statements. Risk factors, cautionary statements, and other conditions which could cause SuRo Capital’s actual results to differ from management’s current expectations are contained in SuRo Capital’s filings with the Securities and Exchange Commission. SuRo Capital undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date of this press release.

    About SuRo Capital Corp.
    SuRo Capital Corp. (Nasdaq: SSSS) is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. The fund seeks to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach, as well as to provide investors with access to such companies through its publicly traded common stock. SuRo Capital is headquartered in New York, NY and has offices in San Francisco, CA. Connect with the company on X, LinkedIn, and at http://www.surocap.com.

    Contact
    SuRo Capital Corp.
    (212) 931-6331
    IR@surocap.com

    The MIL Network –

  • MIL-OSI: SPS Commerce Announces Date of Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Oct. 10, 2024 (GLOBE NEWSWIRE) — SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the third quarter ended September 30, 2024, after the market close on Thursday, October 24, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day.

    To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q3 2024 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under the Events and Presentations menu. The replay will also be available on our website at http://investors.spscommerce.com.

    About SPS Commerce

    SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service and accessible experts so our customers can focus on what they do best. To date, more than 120,000 companies in retail, grocery, distribution, supply, and logistics have chosen SPS as their retail network. SPS has achieved 94 consecutive quarters of revenue growth and is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit http://www.spscommerce.com.

    SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries. 

    Contact:

    Investor Relations
    The Blueshirt Group
    Irmina Blaszczyk
    Lisa Laukkanen
    SPSC@blueshirtgroup.com
    415-217-4962  

    SPS-F

    The MIL Network –

  • MIL-OSI: TrustCo to Release Third Quarter 2024 Results on October 21, 2024; Conference Call on October 22, 2024

    Source: GlobeNewswire (MIL-OSI)

    GLENVILLE, N.Y., Oct. 10, 2024 (GLOBE NEWSWIRE) — TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release third quarter 2024 results after the market close on October 21, 2024. Results are released on the 21st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on October 22, 2024. Those wishing to participate in the call may dial toll-free for the United States at 1-833-470-1428, and for Canada at 1-833-950-0062, Access code 034120.   A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, Access code 285814.

    The call will also be audio webcast at https://events.q4inc.com/attendee/854762065, and will be available for one year. The earnings press release will be posted on the Company’s Investor Relations website at: https://trustcobank.q4ir.com/corporate-overview/corporate-profile/default.aspx. Other information, including the Company’s most recent annual report, proxy statement and filings with the Securities and Exchange Commission can also be found at this website.

    TrustCo Bank Corp NY is a $6.1 billion savings and loan holding company and through its subsidiary, Trustco Bank, operates 138 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. For more information, visit http://www.trustcobank.com.

    In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services.

    The common shares of TrustCo are traded on The NASDAQ Global Select Market under the symbol TRST.

    Forward-Looking Statements

    All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future developments, results or periods. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and such forward-looking statements are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in such statements. Examples of these include, but are not limited to: volatility in financial markets and the soundness of other financial institutions; U.S. government shutdowns, credit rating downgrades, or failure to increase the debt ceiling; changes in interest rates; the effects of inflation and inflationary pressures and changes in monetary and fiscal policies and laws, including changes in the Federal funds target rate by, and interest rate policies of, the Federal Reserve Board; ongoing armed conflicts (including the Russia/Ukraine conflict and the conflict in Israel and surrounding areas); the risks and uncertainties under the heading “Risk Factors” in our most recent annual report on Form 10-K and, if any, in our subsequent quarterly reports on Form 10-Q; the other financial, operational and legal risks and uncertainties detailed from time to time in TrustCo’s cautionary statements contained in its filings with the Securities and Exchange Commission; and the effect of all of such items on our operations, liquidity and capital position, and on the financial condition of our borrowers and other customers. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.

    Subsidiary: Trustco Bank NASDAQ — TRST

    Contact:    Robert Leonard
    Executive Vice President
    (518) 381-3693
         

    The MIL Network –

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 10.10.2024

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    10 October 2024 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 10.10.2024

    Espoo, Finland – On 10 October 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,175,833 4.07
    CEUX 783,381 4.06
    BATE – –
    AQEU – –
    TQEX – –
    Total 1,959,214 4.07

    * Rounded to two decimals

    On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program started on 20 March 2024. On 19 July 2024, Nokia decided to accelerate the share buybacks by increasing the number of shares to be repurchased during the year 2024. The post-increase repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 22 July 2024 and end by 31 December 2024 with a maximum aggregate purchase price of EUR 600 million for all purchases during 2024.

    Total cost of transactions executed on 10 October 2024 was EUR 7,966,948. After the disclosed transactions, Nokia Corporation holds 163,555,435 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 40 803 4080
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-OSI: Awilco Drilling Plc: Timeline for issuing of new Sponsored Norwegian Depository Receipts

    Source: GlobeNewswire (MIL-OSI)

    Further to the stock exchange release of 1 October from Awilco Drilling PLC (“Awilco Drilling”) regarding the exercising of 10,136,819 warrants the Company confirms that, as per the Warrant Deed dated 30 June 20203, warrants holders will receive an allocation of one Sponsored Norwegian Depository Receipt (SNDR) at a subscription price of NOK 1 per warrant exercised.

    Each warrant holder who exercised his/her warrants correctly before end of business on 27 September 2024 will shortly receive an allocation letter with payment details. Payment falls due on 15 October to an escrow account in the name of Awilco Drilling PLC. The new SNDRs will be delivered when the share capital increase has been registered, expected on or about 18 October 2024.

    Aberdeen, 10 October 2024

    For further information please contact:

    Eric Jacobs, CEO of Awilco Drilling PLC
    Phone: +47 9529 2271

    Cathrine Haavind, Investor Relations of Awilco Drilling PLC
    Phone: +47 9342 8464
    Email: ch@awilcodrilling.com

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

    The MIL Network –

  • MIL-OSI: Abraxas Power Corp and Exploits Valley Renewable Energy Corporation Announce Strategic Master Lease Option Agreement for the Port of Botwood

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) — Abraxas Power Corp. (“Abraxas”), a leading energy transition developer, and its subsidiary Exploits Valley Renewable Energy Corporation (“EVREC”), are pleased to announce the signing of a Master Lease Option Agreement (the “Agreement”) with Exploits Marine and Logistics Inc. and Exploits Valley Port Corporation for use of the Port of Botwood in EVREC’s green hydrogen and ammonia project in central Newfoundland.

    The Agreement, which spans a term of thirty years, will facilitate EVREC’s green hydrogen and ammonia production and operations related to the transmission and loading of green ammonia onto marine transport vessels for shipment to Europe and other global markets. The Agreement includes extension terms that allow EVREC to extend the lease for additional five-year terms.

    “This Agreement marks another major milestone in the development of our project and is a pivotal step towards building out the key infrastructure as the project continues through the development phase,” said Dean Comand, President and COO of Abraxas Power. “We are excited to collaborate with Exploits Marine and the Port Corporation to create a state-of-the-art facility that will not only enhance our operational capacity but also contribute to global sustainable energy goals.”

    The parties have also signed a five-year Construction Lease Option Agreement to facilitate the necessary activities that will lead up to commercial operation of the project.

    Scott Sceviour, Chair of the Exploits Valley Port Corporation added “Our partnership with EVREC is a testament to our shared vision of fostering innovation in the renewable energy sector and re-energizing our community’s economic outlook by providing shared infrastructure for other developments expected within the region. We are dedicated to collaborating on the infrastructure necessary for their success and to promoting environmentally responsible practices in our community.”

    Botwood Mayor James Sceviour added “We are pleased to continue working with EVREC on such an important and significant project for central Newfoundland. Investments at the local level not only fuel the global transition to sustainable energy but also ignites economic growth for other developments, creates jobs, and fosters resilience in our communities.”

    About Abraxas Power:

    Abraxas Power is a pioneering energy transition developer focused on decarbonizing hard-to-abate sectors and creating value by solving the current and future challenges of the energy transition. Abraxas Power’s broad mandate allows it to see opportunities across technologies and geographies to transform the global energy industry. Our team has extensive experience in leading, financing, and solving the challenges associated with energy transition, and a proven track record of delivering complex, large-scale development projects across various disciplines, including renewable power and storage, hydrogen and ammonia production, industrial and precious metals, large-scale project construction, and operations at scale. The team possesses strong project finance and capital markets experience and has a history of creating value for shareholders, stakeholders, and the communities they live in. Abraxas has signed strategic partnerships with various global strategics and technology providers.

    Abraxas has secured over US$9 billion in capital projects through competitive government awards over the past year in furtherance of the energy transition, including our marquis Exploits Valley Renewable Energy Corporation (“EVREC”) project.

    To learn more, visit http://www.abraxaspower.com 

    The MIL Network –

  • MIL-OSI: AMD Delivers Leadership AI Performance with AMD Instinct MI325X Accelerators

    Source: GlobeNewswire (MIL-OSI)

    ─ Latest accelerators offer market leading HBM3E memory capacity and are supported by partners and customers including Dell Technologies, HPE, Lenovo, Supermicro and others ─

    ─ AMD Pensando Salina DPU offers 2X generational performance and AMD Pensando Pollara 400 is industry’s first UEC ready NIC─

    SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) — Today, AMD (NASDAQ: AMD) announced the latest accelerator and networking solutions that will power the next generation of AI infrastructure at scale: AMD Instinct™ MI325X accelerators, the AMD Pensando™ Pollara 400 NIC and the AMD Pensando Salina DPU. AMD Instinct MI325X accelerators set a new standard in performance for Gen AI models and data centers.

    Built on the AMD CDNA™ 3 architecture, AMD Instinct MI325X accelerators are designed for exceptional performance and efficiency for demanding AI tasks spanning foundation model training, fine-tuning and inferencing. Together, these products enable AMD customers and partners to create highly performant and optimized AI solutions at the system, rack and data center level.

    “AMD continues to deliver on our roadmap, offering customers the performance they need and the choice they want, to bring AI infrastructure, at scale, to market faster,” said Forrest Norrod, executive vice president and general manager, Data Center Solutions Business Group, AMD. “With the new AMD Instinct accelerators, EPYC processors and AMD Pensando networking engines, the continued growth of our open software ecosystem, and the ability to tie this all together into optimized AI infrastructure, AMD underscores the critical expertise to build and deploy world class AI solutions.”

    AMD Instinct MI325X Extends Leading AI Performance
    AMD Instinct MI325X accelerators deliver industry-leading memory capacity and bandwidth, with 256GB of HBM3E supporting 6.0TB/s offering 1.8X more capacity and 1.3x more bandwidth than the H2001. The AMD Instinct MI325X also offers 1.3X greater peak theoretical FP16 and FP8 compute performance compared to H2001.

    This leadership memory and compute can provide up to 1.3X the inference performance on Mistral 7B at FP162, 1.2X the inference performance on Llama 3.1 70B at FP83 and 1.4X the inference performance on Mixtral 8x7B at FP16 of the H2004.

    AMD Instinct MI325X accelerators are currently on track for production shipments in Q4 2024 and are expected to have widespread system availability from a broad set of platform providers, including Dell Technologies, Eviden, Gigabyte, Hewlett Packard Enterprise, Lenovo, Supermicro and others starting in Q1 2025.

    Continuing its commitment to an annual roadmap cadence, AMD previewed the next-generation AMD Instinct MI350 series accelerators. Based on AMD CDNA 4 architecture, AMD Instinct MI350 series accelerators are designed to deliver a 35x improvement in inference performance compared to AMD CDNA 3-based accelerators5.

    The AMD Instinct MI350 series will continue to drive memory capacity leadership with up to 288GB of HBM3E memory per accelerator. The AMD Instinct MI350 series accelerators are on track to be available during the second half of 2025.

    AMD Next-Gen AI Networking
    AMD is leveraging the most widely deployed programmable DPU for hyperscalers to power next-gen AI networking. Split into two parts: the front-end, which delivers data and information to an AI cluster, and the backend, which manages data transfer between accelerators and clusters, AI networking is critical to ensuring CPUs and accelerators are utilized efficiently in AI infrastructure.

    To effectively manage these two networks and drive high performance, scalability and efficiency across the entire system, AMD introduced the AMD Pensando™ Salina DPU for the front-end and the AMD Pensando™ Pollara 400, the industry’s first Ultra Ethernet Consortium (UEC) ready AI NIC, for the back-end.

    The AMD Pensando Salina DPU is the third generation of the world’s most performant and programmable DPU, bringing up to 2X the performance, bandwidth and scale compared to the previous generation. Supporting 400G throughput for fast data transfer rates, the AMD Pensando Salina DPU is a critical component in AI front-end network clusters, optimizing performance, efficiency, security and scalability for data-driven AI applications.

    The UEC-ready AMD Pensando Pollara 400, powered by the AMD P4 Programmable engine, is the industry’s first UEC-ready AI NIC. It supports the next-gen RDMA software and is backed by an open ecosystem of networking. The AMD Pensando Pollara 400 is critical for providing leadership performance, scalability and efficiency of accelerator-to-accelerator communication in back-end networks.

    Both the AMD Pensando Salina DPU and AMD Pensando Pollara 400 are sampling with customers in Q4’24 and are on track for availability in the first half of 2025.

    AMD AI Software Delivering New Capabilities for Generative AI
    AMD continues its investment in driving software capabilities and the open ecosystem to deliver powerful new features and capabilities in the AMD ROCm™ open software stack.

    Within the open software community, AMD is driving support for AMD compute engines in the most widely used AI frameworks, libraries and models including PyTorch, Triton, Hugging Face and many others. This work translates to out-of-the-box performance and support with AMD Instinct accelerators on popular generative AI models like Stable Diffusion 3, Meta Llama 3, 3.1 and 3.2 and more than one million models at Hugging Face.

    Beyond the community, AMD continues to advance its ROCm open software stack, bringing the latest features to support leading training and inference on Generative AI workloads. ROCm 6.2 now includes support for critical AI features like FP8 datatype, Flash Attention 3, Kernel Fusion and more. With these new additions, ROCm 6.2, compared to ROCm 6.0, provides up to a 2.4X performance improvement on inference6 and 1.8X on training for a variety of LLMs7.

    Supporting Resources

    • Follow AMD on LinkedIn
    • Follow AMD on Twitter
    • Read more about AMD Next Generation AI Networking here
    • Read more about AMD Instinct Accelerators here
    • Visit the AMD Advancing AI: 2024 event page

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

    CAUTIONARY STATEMENT

    This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products including the AMD Instinct™ MI325X accelerators; AMD Pensando™ Salina DPU; AMD Pensando Pollara 400; continued growth of AMD’s open software ecosystem; AMD Instinct MI350 series accelerators, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; loss of a significant customer; competitive markets in which AMD’s products are sold; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to introduce products on a timely basis with expected features and performance levels; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes and the revolving credit agreement; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate acquired businesses;  impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

    AMD, the AMD Arrow logo, AMD CDNA, AMD Instinct, Pensando, ROCm, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    ________________________________

    1MI325-002 -Calculations conducted by AMD Performance Labs as of May 28th, 2024 for the AMD Instinct™ MI325X GPU resulted in 1307.4 TFLOPS peak theoretical half precision (FP16), 1307.4 TFLOPS peak theoretical Bfloat16 format precision (BF16), 2614.9 TFLOPS peak theoretical 8-bit precision (FP8), 2614.9 TOPs INT8 floating-point performance. Actual performance will vary based on final specifications and system configuration.
    Published results on Nvidia H200 SXM (141GB) GPU: 989.4 TFLOPS peak theoretical half precision tensor (FP16 Tensor), 989.4 TFLOPS peak theoretical Bfloat16 tensor format precision (BF16 Tensor), 1,978.9 TFLOPS peak theoretical 8-bit precision (FP8), 1,978.9 TOPs peak theoretical INT8 floating-point performance. BFLOAT16 Tensor Core, FP16 Tensor Core, FP8 Tensor Core and INT8 Tensor Core performance were published by Nvidia using sparsity; for the purposes of comparison, AMD converted these numbers to non-sparsity/dense by dividing by 2, and these numbers appear above. 
    Nvidia H200 source:  https://nvdam.widen.net/s/nb5zzzsjdf/hpc-datasheet-sc23-h200-datasheet-3002446 and https://www.anandtech.com/show/21136/nvidia-at-sc23-h200-accelerator-with-hbm3e-and-jupiter-supercomputer-for-2024
    Note: Nvidia H200 GPUs have the same published FLOPs performance as H100 products https://resources.nvidia.com/en-us-tensor-core/.

    2 Based on testing completed on 9/28/2024 by AMD performance lab measuring overall latency for Mistral-7B model using FP16 datatype. Test was performed using input length of 128 tokens and an output length of 128 tokens for the following configurations of AMD Instinct™ MI325X GPU accelerator and NVIDIA H200 SXM GPU accelerator.

    1x MI325X at 1000W with vLLM performance: 0.637 sec (latency in seconds)
    Vs.
    1x H200 at 700W with TensorRT-LLM: 0.811 sec (latency in seconds)

    Configurations:
    AMD Instinct™ MI325X reference platform:
    1x AMD Ryzen™ 9 7950X 16-Core Processor CPU, 1x AMD Instinct MI325X (256GiB, 1000W) GPU, Ubuntu® 22.04, and ROCm™ 6.3 pre-release
    Vs
    NVIDIA H200 HGX platform:
    Supermicro SuperServer with 2x Intel Xeon® Platinum 8468 Processors, 8x Nvidia H200 (140GB, 700W) GPUs [only 1 GPU was used in this test], Ubuntu 22.04), CUDA 12.6 Server manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers and optimizations. MI325-005

    3 MI325-006: Based on testing completed on 9/28/2024 by AMD performance lab measuring overall latency for LLaMA 3.1-70B model using FP8 datatype. Test was performed using input length of 2048 tokens and an output length of 2048 tokens for the following configurations of AMD Instinct™ MI325X GPU accelerator and NVIDIA H200 SXM GPU accelerator.

    1x MI325X at 1000W with vLLM performance: 48.025 sec (latency in seconds)
    Vs.
    1x H200 at 700W with TensorRT-LLM: 62.688 sec (latency in seconds)

    Configurations:
    AMD Instinct™ MI325X reference platform:
    1x AMD Ryzen™ 9 7950X 16-Core Processor CPU, 1x AMD Instinct MI325X (256GiB, 1000W) GPU, Ubuntu® 22.04, and ROCm™ 6.3 pre-release
    Vs
    NVIDIA H200 HGX platform:
    Supermicro SuperServer with 2x Intel Xeon® Platinum 8468 Processors, 8x Nvidia H200 (140GB, 700W) GPUs, Ubuntu 22.04), CUDA 12.6

    Server manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers and optimizations.

    4 MI325-004: Based on testing completed on 9/28/2024 by AMD performance lab measuring text generated throughput for Mixtral-8x7B model using FP16 datatype. Test was performed using input length of 128 tokens and an output length of 4096 tokens for the following configurations of AMD Instinct™ MI325X GPU accelerator and NVIDIA H200 SXM GPU accelerator.

    1x MI325X at 1000W with vLLM performance: 4598 (Output tokens / sec)
    Vs.
    1x H200 at 700W with TensorRT-LLM: 2700.7 (Output tokens / sec)

    Configurations:
    AMD Instinct™ MI325X reference platform:
    1x AMD Ryzen™ 9 7950X CPU, 1x AMD Instinct MI325X (256GiB, 1000W) GPU, Ubuntu® 22.04, and ROCm™ 6.3 pre-release
    Vs
    NVIDIA H200 HGX platform:
    Supermicro SuperServer with 2x Intel Xeon® Platinum 8468 Processors, 8x Nvidia H200 (140GB, 700W) GPUs [only 1 GPU was used in this test], Ubuntu 22.04) CUDA® 12.6

    Server manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers and optimizations.

    5 CDNA4-03: Inference performance projections as of May 31, 2024 using engineering estimates based on the design of a future AMD CDNA 4-based Instinct MI350 Series accelerator as proxy for projected AMD CDNA™ 4 performance. A 1.8T GPT MoE model was evaluated assuming a token-to-token latency = 70ms real time, first token latency = 5s, input sequence length = 8k, output sequence length = 256, assuming a 4x 8-mode MI350 series proxy (CDNA4) vs. 8x MI300X per GPU performance comparison.. Actual performance will vary based on factors including but not limited to final specifications of production silicon, system configuration and inference model and size used.

    6 MI300-62: Testing conducted by internal AMD Performance Labs as of September 29, 2024 inference performance comparison between ROCm 6.2 software and ROCm 6.0 software on the systems with 8 AMD Instinct™ MI300X GPUs coupled with Llama 3.1-8B, Llama 3.1-70B, Mixtral-8x7B, Mixtral-8x22B, and Qwen 72B models.

    ROCm 6.2 with vLLM 0.5.5 performance was measured against the performance with ROCm 6.0 with vLLM 0.3.3, and tests were performed across batch sizes of 1 to 256 and sequence lengths of 128 to 2048.

    Configurations:
    1P AMD EPYC™ 9534 CPU server with 8x AMD Instinct™ MI300X (192GB, 750W) GPUs, Supermicro AS-8125GS-TNMR2, NPS1 (1 NUMA per socket), 1.5 TiB (24 DIMMs, 4800 mts memory, 64 GiB/DIMM), 4x 3.49TB Micron 7450 storage, BIOS version: 1.8, , ROCm 6.2.0-00, vLLM 0.5.5, PyTorch 2.4.0, Ubuntu® 22.04 LTS with Linux kernel 5.15.0-119-generic.
    vs.
    1P AMD EPYC 9534 CPU server with 8x AMD Instinct™ MI300X (192GB, 750W) GPUs, Supermicro AS-8125GS-TNMR2, NPS1 (1 NUMA per socket), 1.5TiB 24 DIMMs, 4800 mts memory, 64 GiB/DIMM), 4x 3.49TB Micron 7450 storage, BIOS version: 1.8, ROCm 6.0.0-00, vLLM 0.3.3, PyTorch 2.1.1, Ubuntu 22.04 LTS with Linux kernel 5.15.0-119-generic.

    Server manufacturers may vary configurations, yielding different results. Performance may vary based on factors including but not limited to different versions of configurations, vLLM, and drivers.

    7 MI300-61: Measurements conducted by AMD AI Product Management team on AMD Instinct™ MI300X GPU for comparing large language model (LLM) performance with optimization methodologies enabled and disabled as of 9/28/2024 on Llama 3.1-70B and Llama 3.1-405B and vLLM 0.5.5.

    System Configurations:
    – AMD EPYC 9654 96-Core Processor, 8 x AMD MI300X, ROCm™ 6.1, Linux® 7ee7e017abe3 5.15.0-116-generic #126-Ubuntu® SMP Mon Jul 1 10:14:24 UTC 2024 x86_64 x86_64 x86_64 GNU/Linux, Frequency boost: enabled.

    Performance may vary on factors including but not limited to different versions of configurations, vLLM, and drivers.

    Contact:
    Aaron Grabein
     AMD Communications
    +1 737-256-9518
    aaron.grabein@amd.com

    Mitch Haws
    AMD Investor Relations
    +1 512-944-0790 
    mitch.haws@amd.com

    The MIL Network –

  • MIL-OSI: AMD Launches New Ryzen™ AI PRO 300 Series Processors to Power Next Generation of Commercial PCs

    Source: GlobeNewswire (MIL-OSI)

    – New processors deliver unprecedented AI compute capabilities1and multi-day battery life2, enabling incredible productivity for business users –

    – AMD continues to expand commercial portfolio; more than 100 Ryzen AI PRO PCs on-track to launch through 2025 –

    SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) — Today, AMD (NASDAQ: AMD) announced its third generation commercial AI mobile processors, designed specifically to transform business productivity with Copilot+ features including live captioning and language translation in conference calls and advanced AI image generators. The new Ryzen AI PRO 300 Series processors deliver industry-leading AI compute3, with up to three times the AI performance than the previous generation4, and offer uncompromising performance for everyday workloads. Enabled with AMD PRO Technologies, the Ryzen AI PRO 300 Series processors offer world-class security and manageability features designed to streamline IT operations and ensure exceptional ROI for businesses.

    Ryzen AI PRO 300 Series processors feature new AMD “Zen 5” architecture, delivering outstanding CPU performance, and are the world’s best line up of commercial processors for Copilot+ enterprise PCs5. Laptops equipped with Ryzen AI PRO 300 Series processors are designed to tackle business’ toughest workloads, with the top-of-stack Ryzen AI 9 HX PRO 375 offering up to 40% higher performance6 and up to 14% faster productivity performance7 compared to Intel’s Core Ultra 7 165U. With the addition of XDNA™ 2 architecture powering the integrated NPU, AMD Ryzen AI PRO 300 Series processors offer a cutting-edge 50+ NPU TOPS (Trillions of Operations Per Second) of AI processing power, exceeding Microsoft’s Copilot+ AI PC requirements89 and delivering exceptional AI compute and productivity capabilities for the modern business. Built on a 4nm process and with innovative power management, the new processors deliver extended battery life ideal for sustained performance and productivity on the go.

    “Enterprises are increasingly demanding more compute power and efficiency to drive their everyday tasks and most taxing workloads. We are excited to add the Ryzen AI PRO 300 Series, the most powerful AI processor built for business PCs10, to our portfolio of mobile processors,” said Jack Huynh, senior vice president and general manager, Computing and Graphics Group at AMD. “Our third generation AI-enabled processors for business PCs deliver unprecedented AI processing capabilities with incredible battery life and seamless compatibility for the applications users depend on.”

    AMD Ryzen AI PRO 300 Series Mobile Processors

    Model Cores/Threads Boost11/ Base Frequency Total Cache Graphics Model
    AMD    		 cTDP TOPS
    AMD Ryzen™ AI 9 HX PRO 375 12C/24T Up to 5.1GHz/
    2GHz    		 36MB Radeon™ 890M Graphics 15-54W Up to 55
    AMD Ryzen™ AI 9 HX PRO 370 12C/24T Up to 5.1GHz/
    2GHz    		 36MB Radeon™ 890M Graphics 15-54W Up to 50
    AMD Ryzen™ AI 7 PRO 360 8C/16T Up to 5GHz/
    2GHz    		 24MB AMD Radeon™ 880M Graphics 15-54W Up to 50


    AMD Continues to Expand Commercial OEM Ecosystem

    OEM partners continue to expand their commercial offerings with new PCs powered by Ryzen AI PRO 300 Series processors, delivering well-rounded performance and compatibility to their business customers. With industry leading TOPS, the next generation of Ryzen processor-powered commercial PCs are set to expand the possibilities of local AI processing with Microsoft Copilot+. OEM systems powered by Ryzen AI PRO 300 Series are expected to be on shelf starting later this year.

    “Microsoft’s partnership with AMD and the integration of Ryzen AI PRO processors into Copilot+ PCs demonstrate our joint focus on delivering impactful AI-driven experiences for our customers. The Ryzen AI PRO’s performance, combined with the latest features in Windows 11, enhances productivity, efficiency, and security,” said Pavan Davuluri, corporate vice president, Windows+ Devices, Microsoft. “Features like Improved Windows Search, Recall, and Click to Do make PCs more intuitive and responsive. Security enhancements, including the Microsoft Pluton security processor and Windows Hello Enhanced Sign-in Security, help safeguard customer data with advanced protection. We’re proud of our strong history of collaboration with AMD and are thrilled to bring these innovations to market.”

    “In today’s AI-powered era of computing, HP is dedicated to delivering powerful innovation and performance that revolutionizes the way people work,” said Alex Cho, president of Personal Systems, HP. “With the HP EliteBook X Next-Gen AI PC, we are empowering modern leaders to push boundaries without compromising power or performance. We are proud to expand our AI PC lineup powered by AMD, providing our commercial customers with a truly personalized experience.”

    “Lenovo’s partnership with AMD continues to drive AI PC innovation and deliver supreme performance for our business customers. Our recently announced ThinkPad T14s Gen 6 AMD, powered by the latest AMD Ryzen AI PRO 300 Series processors, showcases the strength of our collaboration,” said Luca Rossi, president, Lenovo Intelligent Devices Group. “This device offers outstanding AI computing power, enhanced security, and exceptional battery life, providing professionals with the tools they need to maximize productivity and efficiency. Together with AMD, we are transforming the business landscape by delivering smarter, AI-driven solutions that empower users to achieve more.”

    New PRO Technologies Features Build Upon Leadership Security and Management Features

    In addition to AMD Secure Processor12, AMD Shadow Stack and AMD Platform Secure Boot, AMD has expanded its PRO Technologies lineup with new security and manageability features. Processors equipped with PRO Technologies will now come standard with Cloud Bare Metal Recovery, allowing IT teams to seamlessly recover systems via the cloud ensuring smooth and continuous operations; Supply Chain Security (AMD Device Identity), a new supply chain security function, enabling traceability across the supply chain; and Watch Dog Timer, building on existing resiliency support with additional detection and recovery processes.

    Additional AI-based malware detection is available via PRO Technologies with select ISV partners. These new security features leverage the integrated NPU to run AI-based security workloads without impacting day-to-day performance.

    Supporting Resources

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

    Cautionary Statement
    This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products including the AMD Ryzen™ AI PRO 300 Series mobile processors, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; loss of a significant customer; competitive markets in which AMD’s products are sold; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to introduce products on a timely basis with expected features and performance levels; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes and the revolving credit agreement; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate acquired businesses; impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

    © 2024 Advanced Micro Devices, Inc. All rights reserved. AMD, the AMD Arrow logo, Radeon, RDNA, Ryzen, XDNA and combinations thereof are trademarks of Advanced Micro Devices, Inc. Certain AMD technologies may require third-party enablement or activation. Supported features may vary by operating system. Please confirm with the system manufacturer for specific features. No technology or product can be completely secure.

    The information contained herein is for informational purposes only and is subject to change without notice. Timelines, roadmaps, and/or product release dates shown in this Press Release are plans only and subject to change.

    1 As of May 2023, AMD has the first available dedicated AI engine on an x86 Windows processor, where ‘dedicated AI engine’ is defined as an AI engine that has no function other than to process AI inference models and is part of the x86 processor die. For detailed information, please check: https://www.amd.com/en/technologies/xdna.html. PHX-3a.
    2 All battery life claims are approximate. Actual battery life will vary based on several factors, including, but not limited to: product configuration and usage, software, operating conditions, wireless functionality, power management settings, screen brightness and other factors. The maximum capacity of the battery will naturally decrease with time and use. AMD has not independently tested or verified the battery life claim. GD-168.
    3 Based on AMD product specifications and competitive products announced as of Oct 2024. AMD Ryzen™ AI PRO 300 Series processors’ NPU offers up to 55 peak TOPS. This is the most TOPS offered on any system found in enterprise today. AI PC is defined as a laptop PC with a processor that includes a neural processing unit (NPU). STXP-06.
    4 Based on TOPS specification of AMD Ryzen™ AI 300 Series processors with 50 TOPS compared to an AMD Ryzen 8040 Series processors with 16 TOPS as of June 2024. STX-01. 
    5 Based on product specifications and competitive products announced as of Oct 2024 and testing as of Sept 2024 by AMD performance labs using the following systems: HP EliteBook X G1a with AMD Ryzen AI 9 HX PRO 375 processor @23W, Radeon 880M graphics, 32GB of RAM, 512GB SSD, VBS=ON, Windows 11 PRO; Dell Latitude 7450 with Intel Core Ultra 7 165U processor @15W (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 32GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Professional; Dell Latitude 7450 with Intel Core Ultra 7 165H processor @28W (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 16GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Pro. All systems were tested in Best Performance Mode. AI PC is defined as a laptop PC with a processor that includes a neural processing unit (NPU). STXP-04.
    6 Testing as of Sept 2024 by AMD performance labs on an HP EliteBook X G1a (14in) (40W) with AMD Ryzen AI 9 HX PRO 375 processor, Radeon™ 890M graphics, 32GB of RAM, 512GB SSD, VBS=ON, Windows 11 Pro vs. a Dell Latitude 7450 with an Intel Core Ultra 7 165H processor (vPro enabled), Intel Arc Graphics, VBS=ON, 16GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Pro in the application(s) (Best Performance Mode): Cinebench R24 nT. Laptop manufactures may vary configurations yielding different results. STXP-12.
    7  Testing as of Sept 2024 by AMD performance labs using the following systems: (1) HP EliteBook X G1a with AMD Ryzen AI 9 HX PRO 375 processor (@40W), Radeon™ 890M graphics, 32GB of RAM, 512GB SSD, VBS=ON, Windows 11 Pro; (2) Dell Latitude 7450 with Intel Core Ultra 7 165U processor (@15W) (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 32GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Professional; and (3) Dell Latitude 7450 with Intel Core Ultra 7 165H processor (@28W) (vPro enabled), Intel Integrated, VBS=ON, 16GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Pro. Tested applications (in Balanced Mode) include: Procyon Office Productivity, Procyon Office Productivity Excel, Procyon Office Productivity Outlook, Procyon Office Productivity Power Point, Procyon Office Productivity Word, Composite Geomean Score. Laptop manufactures may vary configurations yielding different results. STXP-18.
    8 Based on Microsoft Copilot+ requirements of minimum 40 TOPS using AMD product specifications and competitive products announced as of Oct 2024. Microsoft requirements found here – https://support.microsoft.com/en-us/topic/copilot-pc-hardware-requirements-35782169-6eab-4d63-a5c5-c498c3037364. STXP-05.
    9 Trillions of Operations per Second (TOPS) for an AMD Ryzen processor is the maximum number of operations per second that can be executed in an optimal scenario and may not be typical. TOPS may vary based on several factors, including the specific system configuration, AI model, and software version. GD-243.
    10 Testing as of Sept 2024 by AMD performance labs using the following benchmarks: Blender, Cinebench R24, Geekbench 6.3, and Passmark 11, systems: HP EliteBook X G1a with AMD Ryzen AI 9 HX PRO 375 processor @54W, Radeon 880M graphics, 32GB of RAM, 512GB SSD; Lenovo ThinkPad T14s Gen 6 with AMD Ryzen™ AI 7 PRO 360 processor @22W, Radeon™ 880M graphics, 32GB RAM, 1TB SSD; Dell Latitude 7450 with Intel Core Ultra 7 165U processor @15W (vPro enabled), Intel Iris Xe Graphics, 32GB RAM, 512GB NVMe SSD; Dell Latitude 7450 with Intel Core Ultra 7 165H processor @28W (vPro enabled), Intel Iris Xe Graphics, 16GB RAM, 512GB NVMe SSD,. All systems Windows 11 Pro, VBS=ON, and tested in Best Performance Mode. PassMark is a registered trademark of PassMark Software Pty Ltd. AI PC is defined as a laptop PC with a processor that includes a neural processing unit (NPU). STXP-07.
    11 Boost Clock Frequency is the maximum frequency achievable on the CPU running a bursty workload. Boost clock achievability, frequency, and sustainability will vary based on several factors, including but not limited to: thermal conditions and variation in applications and workloads. GD-150
    12 The AMD Secure Processor is a dedicated on-chip security processor integrated within each system-on-a-chip (SoC) and ASIC (Application Specific Integrated Circuit) designed by AMD. It enables secure boot with root of trust anchored in hardware, initializes the SoC through a secure boot flow, and establishes an isolated Trusted Execution Environment. GD-72.

    Contact:
    Stacy MacDiarmid
    AMD Communications
    +1 512-658-2265
    Stacy.MacDiarmid@amd.com

    Mitch Haws
    AMD Investor Relations
    +1 512-944-0790
    Mitch.Haws@amd.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c67477ae-0d96-4936-91ba-cd836bfa321e

    The MIL Network –

  • MIL-OSI: AMD Unveils Leadership AI Solutions at Advancing AI 2024

    Source: GlobeNewswire (MIL-OSI)

    — AMD launches 5thGen AMD EPYC processors, AMD Instinct MI325X accelerators, next gen networking solutions and AMD Ryzen AI PRO processors powering enterprise AI at scale —

    — Dell, Google Cloud, HPE, Lenovo, Meta, Microsoft, Oracle Cloud Infrastructure, Supermicro and AI leaders Databricks, Essential AI, Fireworks AI, Luma AI and Reka AI joined AMD to showcase expanding AMD AI solutions for enterprises and end users —

    — Technical leaders from Cohere, Google DeepMind, Meta, Microsoft, OpenAI and more discussed how they are using AMD ROCm software to deploy models and applications on AMD Instinct accelerators —

    SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today launched the latest high performance computing solutions defining the AI computing era, including 5th Gen AMD EPYC™ server CPUs, AMD Instinct™ MI325X accelerators, AMD Pensando™ Salina DPUs, AMD Pensando Pollara 400 NICs and AMD Ryzen™ AI PRO 300 series processors for enterprise AI PCs. AMD and its partners also showcased how they are deploying AMD AI solutions at scale, the continued ecosystem growth of AMD ROCm™ open source AI software, and a broad portfolio of new solutions based on AMD Instinct accelerators, EPYC CPUs and Ryzen PRO CPUs.

    “The data center and AI represent significant growth opportunities for AMD, and we are building strong momentum for our EPYC and AMD Instinct processors across a growing set of customers,” said AMD Chair and CEO Dr. Lisa Su. “With our new EPYC CPUs, AMD Instinct GPUs and Pensando DPUs we are delivering leadership compute to power our customers’ most important and demanding workloads. Looking ahead, we see the data center AI accelerator market growing to $500 billion by 2028. We are committed to delivering open innovation at scale through our expanded silicon, software, network and cluster-level solutions.”

    Defining the Data Center in the AI Era
    AMD announced a broad portfolio of data center solutions for AI, enterprise, cloud and mixed workloads:

    • New AMD EPYC 9005 Series processors deliver record-breaking performance1 to enable optimized compute solutions for diverse data center needs. Built on the latest “Zen 5” architecture, the lineup offers up to 192 cores and will be available in a wide range of platforms from leading OEMs and ODMs starting today.
    • AMD continues executing its annual cadence of AI accelerators with the launch of AMD Instinct MI325X, delivering leadership performance and memory capabilities for the most demanding AI workloads. AMD also shared new details on next-gen AMD Instinct MI350 series accelerators expected to launch in the second half of 2025, extending AMD Instinct leadership memory capacity and generative AI performance. AMD has made significant progress developing the AMD Instinct MI400 Series accelerators based on the AMD CDNA Next architecture, planned to be available in 2026.
    • AMD has continuously improved its AMD ROCm software stack, doubling AMD Instinct MI300X accelerator inferencing and training performance2 across a wide range of the most popular AI models. Today, over one million models run seamlessly out of the box on AMD Instinct, triple the number available when MI300X launched, with day-zero support for the most widely used models.
    • AMD also expanded its high performance networking portfolio to address evolving system networking requirements for AI infrastructure, maximizing CPU and GPU performance to deliver performance, scalability and efficiency across the entire system. The AMD Pensando Salina DPU delivers a high performance front-end network for AI systems, while the AMD Pensando Pollara 400, the first Ultra Ethernet Consortium ready NIC, reduces the complexity of performance tuning and helps improve time to production.

    AMD partners detailed how they leverage AMD data center solutions to drive leadership generative AI capabilities, deliver cloud infrastructure used by millions of people daily and power on-prem and hybrid data centers for leading enterprises:

    • Since launching in December 2023, AMD Instinct MI300X accelerators have been deployed at scale by leading cloud, OEM and ODM partners and are serving millions of users daily on popular AI models, including OpenAI’s ChatGPT, Meta Llama and over one million open source models on the Hugging Face platform.
    • Google highlighted how AMD EPYC processors power a wide range of instances for AI, high performance, general purpose and confidential computing, including their AI Hypercomputer, a supercomputing architecture designed to maximize AI ROI. Google also announced EPYC 9005 Series-based VMs will be available in early 2025.
    • Oracle Cloud Infrastructure shared how it leverages AMD EPYC CPUs, AMD Instinct accelerators and Pensando DPUs to deliver fast, energy efficient compute and networking infrastructure for customers like Uber, Red Bull Powertrains, PayPal and Fireworks AI. OCI announced the new E6 compute platform powered by EPYC 9005 processors.
    • Databricks highlighted how its models and workflows run seamlessly on AMD Instinct and ROCm and disclosed that their testing shows the large memory capacity and compute capabilities of AMD Instinct MI300X GPUs help deliver an over 50% increase in performance on Llama and Databricks proprietary models.
    • Microsoft CEO Satya Nadella highlighted Microsoft’s longstanding collaboration and co-innovation with AMD across its product offerings and infrastructure, with MI300X delivering strong performance on Microsoft Azure and GPT workloads. Nadella and Su also discussed the companies’ deep partnership on the AMD Instinct roadmap and how Microsoft is planning to leverage future generations of AMD Instinct accelerators including MI350 series and beyond to deliver leadership performance-per-dollar-per-watt for AI applications.
    • Meta detailed how AMD EPYC CPUs and AMD Instinct accelerators power its compute infrastructure across AI deployments and services, with MI300X serving all live traffic on Llama 405B. Meta is also partnering with AMD to optimize AI performance from silicon, systems, and networking to software and applications.
    • Leading OEMs Dell, HPE, Lenovo and Supermicro are expanding on their highly performant, energy efficient AMD EPYC processor-based lineups with new platforms designed to modernize data centers for the AI era.

    Expanding an Open AI Ecosystem
    AMD continues to invest in the open AI ecosystem and expand the AMD ROCm open source software stack with new features, tools, optimizations and support to help developers extract the ultimate performance from AMD Instinct accelerators and deliver out-of-the-box support for today’s leading AI models. Leaders from Essential AI, Fireworks AI, Luma AI and Reka AI discussed how they are optimizing models across AMD hardware and software.

    AMD also hosted a developer event joined by technical leaders from across the AI developer ecosystem, including Microsoft, OpenAI, Meta, Cohere, xAI and more. Luminary presentations hosted by the inventors of popular AI programming languages, models and frameworks critical to the AI transformation taking place, such as Triton, TensorFlow, vLLM and Paged Attention, FastChat and more, shared how developers are unlocking AI performance optimizations through vendor agnostic programming languages, accelerating models on AMD Instinct accelerators, and highlighted the ease of use porting to ROCm software and how the ecosystem is benefiting from an open-source approach.

    Enabling Enterprise Productivity with AI PCs
    AMD launched AMD Ryzen AI PRO 300 Series processors, powering the first Microsoft Copilot+ laptops enabled for the enterprise3. The Ryzen AI PRO 300 Series processor lineup extends AMD leadership in performance and battery life with the addition of enterprise-grade security and manageability features for business users.

    • The Ryzen AI PRO 300 Series processors, featuring the new AMD “Zen 5” and AMD XDNA™ 2 architectures, are the world’s most advanced commercial processors4, offering best in class performance for unmatched productivity5 and an industry leading 55 NPU TOPS6 of AI performance with the Ryzen AI 9 HX PRO 375 processor to process AI tasks locally on Ryzen AI PRO laptops.
    • Microsoft highlighted how Windows 11 Copilot+ and the Ryzen AI PRO 300 lineup are ready for next generation AI experiences, including new productivity and security features.
    • OEM partners including HP and Lenovo are expanding their commercial offerings with new PCs powered by Ryzen AI PRO 300 Series processors, with more than 100 platforms expected to come to market through 2025.

    Supporting Resources

    • Watch the AMD Advancing AI keynote and see the news here
    • Follow AMD on X
    • Connect with AMD on LinkedIn

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

    Cautionary Statement
    This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products; AMD’s expected data center and AI growth opportunities; the ability of AMD to build momentum for AMD EPYC™ and AMD Instinct™ processors across its customers; the ability of AMD to deliver leadership compute to power to its customers workloads; the anticipated growth of the data center AI accelerator market by 2028; and AMD’s commitment to delivering open innovation at scale, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; loss of a significant customer; competitive markets in which AMD’s products are sold; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to introduce products on a timely basis with expected features and performance levels; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes and the revolving credit agreement; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate acquired businesses;  impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

    AMD, the AMD Arrow logo, EPYC, AMD CDNA, AMD Instinct, Pensando, ROCm, Ryzen, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    __________________________________

    1 EPYC-022F: For a complete list of world records see: http://amd.com/worldrecords.
    2 Testing conducted by internal AMD Performance Labs as of September 29, 2024 inference performance comparison between ROCm 6.2 software and ROCm 6.0 software on the systems with 8 AMD Instinct™ MI300X GPUs coupled with Llama 3.1-8B, Llama 3.1-70B, Mixtral-8x7B, Mixtral-8x22B, and Qwen 72B models.
    ROCm 6.2 with vLLM 0.5.5 performance was measured against the performance with ROCm 6.0 with vLLM 0.3.3, and tests were performed across batch sizes of 1 to 256 and sequence lengths of 128 to 2048.
    Configurations:
    1P AMD EPYC™ 9534 CPU server with 8x AMD Instinct™ MI300X (192GB, 750W) GPUs, Supermicro AS-8125GS-TNMR2, NPS1 (1 NUMA per socket), 1.5 TiB (24 DIMMs, 4800 mts memory, 64 GiB/DIMM), 4x 3.49TB Micron 7450 storage, BIOS version: 1.8, , ROCm 6.2.0-00, vLLM 0.5.5, PyTorch 2.4.0, Ubuntu® 22.04 LTS with Linux kernel 5.15.0-119-generic.
    vs.
    1P AMD EPYC 9534 CPU server with 8x AMD Instinct™ MI300X (192GB, 750W) GPUs, Supermicro AS-8125GS-TNMR2, NPS1 (1 NUMA per socket), 1.5TiB 24 DIMMS, 4800 mts memory, 64 GiB/DIMM), 4x 3.49TB Micron 7450 storage, BIOS version: 1.8, ROCm 6.0.0-00, vLLM 0.3.3, PyTorch 2.1.1, Ubuntu 22.04 LTS with Linux kernel 5.15.0-119-generic. MI300-62
    Server manufacturers may vary configurations, yielding different results. Performance may vary based on factors including but not limited to different versions of configurations, vLLM, and drivers.
    3 Based on Microsoft Copilot+ requirements of minimum 40 TOPS using AMD product specifications and competitive products announced as of Oct 2024. Microsoft requirements found here – https://support.microsoft.com/en-us/topic/copilot-pc-hardware-requirements-35782169-6eab-4d63-a5c5-c498c3037364. STXP-05.
    4 Based on a small node size for an x86 platform and cutting-edge, interconnected technologies, as of September 2024. GD-203b
    5 Testing as of Sept 2024 by AMD performance labs using the following systems: HP EliteBook X G1a with AMD Ryzen AI 9 HX PRO 375 processor @40W, Radeon™ 890M graphics, 32GB of RAM, 512GB SSD, VBS=ON, Windows 11 Pro; Lenovo ThinkPad T14s Gen 6 with AMD Ryzen™ AI 7 PRO 360 processor @22W, Radeon™ 880M graphics, 32GB RAM, 1TB SSD, VBS=ON, Windows 11 Pro; Dell Latitude 7450 with Intel Core Ultra 7 165U processor @15W (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 32GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Professional; Dell Latitude 7450 with Intel Core Ultra 7 165H processor @28W (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 16GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Pro. The following applications were tested in Balanced Mode: Teams + Procyon Office Productivity, Teams + Procyon Office Productivity Excel, Teams + Procyon Office Productivity Outlook, Teams + Procyon Office Productivity Power Point, Teams + Procyon Office Productivity Word, Composite Geomean Score. Each Microsoft Teams call consists of 9 participants (3X3). Laptop manufactures may vary configurations yielding different results. STXP-10.
    Testing as of Sept 2024 by AMD performance labs using the following systems: (1) Lenovo ThinkPad T14s Gen 6 with an AMD Ryzen™ AI 7 PRO 360 processor (@22W), Radeon™ 880M graphics, 32GB RAM, 1TB SSD, VBS=ON, Windows 11 Pro; (2) Dell Latitude 7450 with Intel Core Ultra 7 165U processor (@15W) (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 32GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Professional; and (3) Dell Latitude 7450 with Intel Core Ultra 7 165H processor (@28W) (vPro enabled), Intel Arc Graphics, VBS=ON, 16GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Pro. Tested applications (in Balanced Mode) include: Procyon Office Productivity, Procyon Office Productivity Excel, Procyon Office Productivity Outlook, Procyon Office Productivity Power Point, Procyon Office Productivity Word, Composite Geomean Score. Laptop manufactures may vary configurations yielding different results. STXP-11.
    6 Trillions of Operations per Second (TOPS) for an AMD Ryzen processor is the maximum number of operations per second that can be executed in an optimal scenario and may not be typical. TOPS may vary based on several factors, including the specific system configuration, AI model, and software version. GD-243.

    Media Contacts:
    Brandi Martina
    AMD Communications
    +1 512-705-1720 
    brandi.martina@amd.com

    Mitch Haws
    AMD Investor Relations
    +1 512-944-0790
    mitch.haws@amd.com

    The MIL Network –

  • MIL-OSI: Origin Bancorp, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    RUSTON, La., Oct. 10, 2024 (GLOBE NEWSWIRE) — Origin Bancorp, Inc. (NYSE: OBK) (“Origin”), the financial holding company for Origin Bank, plans to issue third quarter 2024 results after the market closes on Wednesday, October 23, 2024, and hold a conference call to discuss such results on Thursday, October 24, 2024, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The conference call will be hosted by Drake Mills, Chairman, President and CEO of Origin, William J. Wallace, IV, Chief Financial Officer of Origin, and Lance Hall, President and CEO of Origin Bank.

    Conference Call and Live Webcast

    To participate in the live conference call, please dial +1 (929) 272-1574 (U.S. Local / International 1); +1 (857) 999-3259 (U.S. Local / International 2); +1 (800) 528-1066 (U.S. Toll Free), enter Conference ID: 84865 and request to be joined into the Origin Bancorp, Inc. (OBK) call. A simultaneous audio-only webcast may be accessed via Origin’s website at http://www.origin.bank under the investor relations, News & Events, Events & Presentations link or directly by visiting https://dealroadshow.com/e/ORIGINQ324.

    Conference Call Webcast Archive

    If you are unable to participate during the live webcast, the webcast will be archived on the Investor Relations section of Origin’s website at http://www.origin.bank, under Investor Relations, News & Events, Events & Presentations.

    About Origin Bancorp, Inc.

    Origin Bancorp, Inc. is a financial holding company headquartered in Ruston, Louisiana. Origin’s wholly owned bank subsidiary, Origin Bank, was founded in 1912 in Choudrant, Louisiana. Deeply rooted in Origin’s history is a culture committed to providing personalized relationship banking to businesses, municipalities, and personal clients to enrich the lives of the people in the communities it serves. Origin provides a broad range of financial services and currently operates more than 60 locations from Dallas/Fort Worth, East Texas and Houston, North Louisiana, Mississippi, South Alabama and the Florida Panhandle. For more information, visit http://www.origin.bank.

    Contact Information
    Investor Relations
    Chris Reigelman
    318-497-3177
    chris@origin.bank

    Media Contact
    Ryan Kilpatrick
    318-232-7472
    rkilpatrick@origin.bank

    The MIL Network –

  • MIL-OSI: AMD Launches 5th Gen AMD EPYC CPUs, Maintaining Leadership Performance and Features for the Modern Data Center

    Source: GlobeNewswire (MIL-OSI)

    — New EPYC processors deliver record breaking performance and efficiency for a wide range of data center workloads —

    — AMD EPYC CPUs continue momentum, with more than 950 AMD EPYC-powered public instances available globally and more than 350 platforms from OxMs —

    SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced the availability of the 5th Gen AMD EPYC™ processors, formerly codenamed “Turin,” the world’s best server CPU for enterprise, AI and cloud1.

    Using the “Zen 5” core architecture, compatible with the broadly deployed SP5 platform2 and offering a broad range of core counts spanning from 8 to 192, the AMD EPYC 9005 Series processors extend the record-breaking performance3 and energy efficiency of the previous generations with the top of stack 192 core CPU delivering up to 2.7X the performance4 compared to the competition.

    New to the AMD EPYC 9005 Series CPUs is the 64 core AMD EPYC 9575F, tailor made for GPU powered AI solutions that need the ultimate in host CPU capabilities. Boosting up to 5GHz5, compared to the 3.8GHz processor of the competition, it provides up to 28% faster processing needed to keep GPUs fed with data for demanding AI workloads.

    “From powering the world’s fastest supercomputers, to leading enterprises, to the largest Hyperscalers, AMD has earned the trust of customers who value demonstrated performance, innovation and energy efficiency,” said Dan McNamara, senior vice president and general manager, server business, AMD. “With five generations of on-time roadmap execution, AMD has proven it can meet the needs of the data center market and give customers the standard for data center performance, efficiency, solutions and capabilities for cloud, enterprise and AI workloads.”

    The World’s Best CPU for Enterprise, AI and Cloud Workloads

    Modern data centers run a variety of workloads, from supporting corporate AI-enablement initiatives, to powering large-scale cloud-based infrastructures to hosting the most demanding business-critical applications. The new 5th Gen AMD EPYC processors provide leading performance and capabilities for the broad spectrum of server workloads driving business IT today.

    The new “Zen 5” core architecture, provides up to 17% better instructions per clock (IPC) for enterprise and cloud workloads and up to 37% higher IPC in AI and high performance computing (HPC) compared to “Zen 4.”6

    With AMD EPYC 9965 processor-based servers, customers can expect significant impact in their real world applications and workloads compared to the Intel Xeon® 8592+ CPU-based servers, with:

    • Up to 4X faster time to results on business applications such as video transcoding.7
    • Up to 3.9X the time to insights for science and HPC applications that solve the world’s most challenging problems.8
    • Up to 1.6X the performance per core in virtualized infrastructure.9

    In addition to leadership performance and efficiency in general purpose workloads, 5th Gen AMD EPYC processors enable customers to drive fast time to insights and deployments for AI deployments, whether they are running a CPU or a CPU + GPU solution.

    Compared to the competition:

    • The 192 core EPYC 9965 CPU has up to 3.7X the performance on end-to-end AI workloads, like TPCx-AI (derivative), which are critical for driving an efficient approach to generative AI.10
    • In small and medium size enterprise-class generative AI models, like Meta’s Llama 3.1-8B, the EPYC 9965 provides 1.9X the throughput performance compared to the competition.11
    • Finally, the purpose built AI host node CPU, the EPYC 9575F, can use its 5GHz max frequency boost to help a 1,000 node AI cluster drive up to 700,000 more inference tokens per second. Accomplishing more, faster.12

    By modernizing to a data center powered by these new processors to achieve 391,000 units of SPECrate®2017_int_base general purpose computing performance, customers receive impressive performance for various workloads, while gaining the ability to use an estimated 71% less power and ~87% fewer servers13. This gives CIOs the flexibility to either benefit from the space and power savings or add performance for day-to-day IT tasks while delivering impressive AI performance.

    AMD EPYC CPUs – Driving Next Wave of Innovation
    The proven performance and deep ecosystem support across partners and customers have driven widespread adoption of EPYC CPUs to power the most demanding computing tasks. With leading performance, features and density, AMD EPYC CPUs help customers drive value in their data centers and IT environments quickly and efficiently.

    5thGen AMD EPYC Features
    The entire lineup of 5th Gen AMD EPYC processors is available today, with support from Cisco, Dell, Hewlett Packard Enterprise, Lenovo and Supermicro as well as all major ODMs and cloud service providers providing a simple upgrade path for organizations seeking compute and AI leadership.

    High level features of the AMD EPYC 9005 series CPUs include:

    • Leadership core count options from 8 to 192, per CPU
    • “Zen 5” and “Zen 5c” core architectures
    • 12 channels of DDR5 memory per CPU
    • Support for up to DDR5-6400 MT/s14
    • Leadership boost frequencies up to 5GHz5
    • AVX-512 with the full 512b data path
    • Trusted I/O for Confidential Computing, and FIPS certification in process for every part in the series
    Model
    (AMD EPYC)    		 Cores CCD
    (Zen5/Zen5c)    		 Base/Boost5
    (up to GHz)    		 Default
    TDP (W)    		 L3 Cache
    (MB)    		 Price
    (1 KU, USD)
    9965 192 cores “Zen5c” 2.25 / 3.7 500W 384 $14,813
    9845 160 cores “Zen5c” 2.1 / 3.7 390W 320 $13,564
    9825 144 cores “Zen5c” 2.2 / 3.7 390W 384 $13,006
    9755
    9745    		 128 cores “Zen5”
    “Zen5c”    		 2.7 / 4.1
    2.4 / 3.7    		 500W
    400W    		 512
    256    		 $12,984
    $12,141
    9655
    9655P
    9645    		 96 cores “Zen5”
    “Zen5”
    “Zen5c”    		 2.6 / 4.5
    2.6 / 4.5
    2.3 / 3.7    		 400W
    400W
    320W    		 384
    384
    384    		 $11,852
    $10,811
    $11,048
    9565 72 cores “Zen5” 3.15 / 4.3 400W 384 $10,486
    9575F
    9555
    9555P
    9535    		 64 cores “Zen5”
    “Zen5”
    “Zen5”
    “Zen5”    		 3.3 / 5.0
    3.2 / 4.4
    3.2 / 4.4
    2.4 / 4.3    		 400W
    360W
    360W
    300W    		 256
    256
    256
    256    		 $11,791
    $9,826
    $7,983
    $8,992
    9475F
    9455
    9455P    		 48 cores “Zen5”
    “Zen5”
    “Zen5”    		 3.65 / 4.8
    3.15 / 4.4
    3.15 / 4.4    		 400W
    300W
    300W    		 256
    192
    192    		 $7,592
    $5,412
    $4,819
    9365 36 cores “Zen5” 3.4 / 4.3 300W 256 $4,341
    9375F
    9355
    9355P
    9335    		 32 cores “Zen5”
    “Zen5”
    “Zen5”
    “Zen5”    		 3.8 / 4.8
    3.55 / 4.4
    3.55 / 4.4
    3.0 / 4.4    		 320W
    280W
    280W
    210W    		 256
    256
    256
    256    		 $5,306
    $3,694
    $2,998
    $3,178
    9275F
    9255    		 24 cores “Zen5”
    “Zen5”    		 4.1 / 4.8
    3.25 / 4.3    		 320W
    200W    		 256
    128    		 $3,439
    $2,495
    9175F
    9135
    9115    		 16 cores “Zen5”
    “Zen5”
    “Zen5”    		 4.2 / 5.0
    3.65 / 4.3
    2.6 / 4.1    		 320W
    200W
    125W    		 512
    64
    64    		 $4,256
    $1,214
    $726
    9015 8 cores “Zen5” 3.6 / 4.1 125W 64 $527

    Supporting Resources

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

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

    AMD, the AMD Arrow logo, EPYC and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    1 EPYC-029C: Comparison based on thread density, performance, features, process technology and built-in security features of currently shipping servers as of 10/10/2024. EPYC 9005 series CPUs offer the highest thread density [EPYC-025B], leads the industry with 500+ performance world records [EPYC-023F] with performance world record enterprise leadership Java® ops/sec performance [EPYCWR-20241010-260], top HPC leadership with floating-point throughput performance [EPYCWR-2024-1010-381], AI end-to-end performance with TPCx-AI performance [EPYCWR-2024-1010-525] and highest energy efficiency scores [EPYCWR-20241010-326]. The 5th Gen EPYC series also has 50% more DDR5 memory channels [EPYC-033C] with 70% more memory bandwidth [EPYC-032C] and supports 70% more PCIe® Gen5 lanes for I/O throughput [EPYC-035C], has up to 5x the L3 cache/core [EPYC-043C] for faster data access, uses advanced 3-4nm technology, and offers Secure Memory Encryption + Secure Encrypted Virtualization (SEV) + SEV Encrypted State + SEV-Secure Nested Paging security features. See the AMD EPYC Architecture White Paper (https://library.amd.com/l/3f4587d147382e2/) for more information.

    2 AMD EPYC™ 9005 processors utilize the SP5 socket. Many factors determine system compatibility. Check with your server manufacturer to determine if this processor is supported in systems configured with previously launched AMD EPYC 9004 family CPUs.

    3 EPYC-022F: For a complete list of world records see: http://amd.com/worldrecords.

    4 9xx5-002C: SPECrate®2017_int_base comparison based on published scores from http://www.spec.org as of 10/10/2024.

    2P AMD EPYC 9965 (3000 SPECrate®2017_int_base, 384 Total Cores, 500W TDP, $14,813 CPU $), 6.060 SPECrate®2017_int_base/CPU W, 0.205 SPECrate®2017_int_base/CPU $, https://www.spec.org/cpu2017/results/res2024q3/cpu2017-20240923-44833.html)

    2P AMD EPYC 9755 (2720 SPECrate®2017_int_base, 256 Total Cores, 500W TDP, $12,984 CPU $), 5.440 SPECrate®2017_int_base/CPU W, 0.209 SPECrate®2017_int_base/CPU $, https://www.spec.org/cpu2017/results/res2024q4/cpu2017-20240923-44837.pdf)

    2P AMD EPYC 9754 (1950 SPECrate®2017_int_base, 256 Total Cores, 360W TDP, $11,900 CPU $), 5.417 SPECrate®2017_int_base/CPU W, 0.164 SPECrate®2017_int_base/CPU $, https://www.spec.org/cpu2017/results/res2023q2/cpu2017-20230522-36617.html)

    2P AMD EPYC 9654 (1810 SPECrate®2017_int_base, 192 Total Cores, 360W TDP, $11,805 CPU $), 5.028 SPECrate®2017_int_base/CPU W, 0.153 SPECrate®2017_int_base/CPU $, https://www.spec.org/cpu2017/results/res2024q1/cpu2017-20240129-40896.html)

    2P Intel Xeon Platinum 8592+ (1130 SPECrate®2017_int_base, 128 Total Cores, 350W TDP, $11,600 CPU $) 3.229 SPECrate®2017_int_base/CPU W, 0.097 SPECrate®2017_int_base/CPU $, http://spec.org/cpu2017/results/res2023q4/cpu2017-20231127-40064.html)

    2P Intel Xeon 6780E (1410 SPECrate®2017_int_base, 288 Total Cores, 330W TDP, $11,350 CPU $) 4.273 SPECrate®2017_int_base/CPU W, 0.124 SPECrate®2017_int_base/CPU $, https://spec.org/cpu2017/results/res2024q3/cpu2017-20240811-44406.html)

    SPEC®, SPEC CPU®, and SPECrate® are registered trademarks of the Standard Performance Evaluation Corporation. See http://www.spec.org for more information. Intel CPU TDP at https://ark.intel.com/.

    5 GD-150: Boost Clock Frequency is the maximum frequency achievable on the CPU running a bursty workload. Boost clock achievability, frequency, and sustainability will vary based on several factors, including but not limited to: thermal conditions and variation in applications and workloads. GD-150.

    6 9xx5-001: Based on AMD internal testing as of 9/10/2024, geomean performance improvement (IPC) at fixed-frequency.

    – 5th Gen EPYC CPU Enterprise and Cloud Server Workloads generational IPC Uplift of 1.170x (geomean) using a select set of 36 workloads and is the geomean of estimated scores for total and all subsets of SPECrate®2017_int_base (geomean ), estimated scores for total and all subsets of SPECrate®2017_fp_base (geomean), scores for Server Side Java multi instance max ops/sec, representative Cloud Server workloads (geomean), and representative Enterprise server workloads (geomean).

    “Genoa” Config (all NPS1): EPYC 9654 BIOS TQZ1005D 12c12t (1c1t/CCD in 12+1), FF 3GHz, 12x DDR5-4800 (2Rx4 64GB), 32Gbps xGMI;

    “Turin” config (all NPS1): EPYC 9V45 BIOS RVOT1000F 12c12t (1c1t/CCD in 12+1), FF 3GHz, 12x DDR5-6000 (2Rx4 64GB), 32Gbps xGMI

    Utilizing Performance Determinism and the Performance governor on Ubuntu® 22.04 w/ 6.8.0-40-generic kernel OS for all workloads.

    – 5th Gen EPYC generational ML/HPC Server Workloads IPC Uplift of 1.369x (geomean) using a select set of 24 workloads and is the geomean of representative ML Server Workloads (geomean), and representative HPC Server Workloads (geomean).

    “Genoa” Config (all NPS1) “Genoa” config: EPYC 9654 BIOS TQZ1005D 12c12t (1c1t/CCD in 12+1), FF 3GHz, 12x DDR5-4800 (2Rx4 64GB), 32Gbps xGMI;

    “Turin” config (all NPS1): EPYC 9V45 BIOS RVOT1000F 12c12t (1c1t/CCD in 12+1), FF 3GHz, 12x DDR5-6000 (2Rx4 64GB), 32Gbps xGMI

    Utilizing Performance Determinism and the Performance governor on Ubuntu 22.04 w/ 6.8.0-40-generic kernel OS for all workloads except LAMMPS, HPCG, NAMD, OpenFOAM, Gromacs which utilize 24.04 w/ 6.8.0-40-generic kernel.

    SPEC® and SPECrate® are registered trademarks for Standard Performance Evaluation Corporation. Learn more at spec.org.

    7 9xx5-006: AMD internal testing as of 09/01/2024, on FFMPEG (Raw to VP9, 1080P, 302 Frames, 1 instance/thread, video source: https://media.xiph.org/video/derf/y4m/ducks_take_off_1080p50.y4m).

    System Configurations: 2P AMD EPYC™ 9965 reference system (2 x 192C) 1.5TB 24x64GB DDR5-6400 running at 6000MT/s, SAMSUNG MZWLO3T8HCLS-00A07, NPS=4, Ubuntu 22.04.3 LTS, Kernel Linux 5.15.0-119-generic, BIOS RVOT1000C (determinism enable=power), 10825484.25 Frames/Hour Median

    2P AMD EPYC™ 9654 production system (2 x 96C) 1.5TB 24x64GB DDR5-5600, , SAMSUNG MO003200KYDNC, NPS=4, Ubuntu 22.04.3 LTS, Kernel Linux 5.15.0-119-generic, BIOS 1.56 (determinism enable=power) , 5154133.333 Frames/Hour Median

    2P Intel Xeon Platinum 8592+ production system (2 x 64C) 1TB 16x64GB DDR5-5600, 3.2 TB NVME, Ubuntu 22.04.3 LTS, Kernel Linux 6.5.0-35-generic), BIOS ESE122V-3.10, 2712701.754 Frames/Hour Median

    For 3.99x the performance with the AMD EPYC 9965 vs Intel Xeon Platinum 8592+ systems

    For 1.90x the performance with the AMD EPYC 9654 vs Intel Xeon Platinum 8592+ systems

    Results may vary based on factors including but not limited to BIOS and OS settings and versions, software versions and data used.

    8 9xx5-022: Source: https://www.amd.com/content/dam/amd/en/documents/epyc-technical-docs/performance-briefs/amd-epyc-9005-pb-gromacs.pdf

    9 9xx5-071: VMmark® 4.0.1 host/node FC SAN comparison based on “independently published” results as of 10/10/2024.  
    Configurations:

    2 node, 2P AMD EPYC 9575F (128 total cores) powered server running VMware ESXi8.0 U3, 3.31 @ 4 tiles,
    https://www.infobellit.com/BlueBookSeries/VMmark4-FDR-1003

    2 node, 2P AMD EPYC 9554 (128 total cores) powered server running VMware ESXi 8.0 U3, 2.64 @ 3 tiles,
    https://www.infobellit.com/BlueBookSeries/VMmark4-FDR-1002

    2 node, 2P Intel Xeon Platinum 8592+ (128 total cores) powered server running VMware ESXi 8.0 U3, 2.06 @ 2.4 Tiles,
    https://www.infobellit.com/BlueBookSeries/VMmark4-FDR-1001

    VMmark is a registered trademark of VMware in the US or other countries.

    10 9xx5-012: TPCxAI @SF30 Multi-Instance 32C Instance Size throughput results based on AMD internal testing as of 09/05/2024 running multiple VM instances. The aggregate end-to-end AI throughput test is derived from the TPCx-AI benchmark and as such is not comparable to published TPCx-AI results, as the end-to-end AI throughput test results do not comply with the TPCx-AI Specification.

    2P AMD EPYC 9965 (384 Total Cores), 12 32C instances, NPS1, 1.5TB 24x64GB DDR5-6400 (at 6000 MT/s), 1DPC, 1.0 Gbps NetXtreme BCM5720 Gigabit Ethernet PCIe, 3.5 TB Samsung MZWLO3T8HCLS-00A07 NVMe®, Ubuntu® 22.04.4 LTS, 6.8.0-40-generic (tuned-adm profile throughput-performance, ulimit -l 198096812, ulimit -n 1024, ulimit -s 8192), BIOS RVOT1000C (SMT=off, Determinism=Power, Turbo Boost=Enabled)

    2P AMD EPYC 9755 (256 Total Cores), 8 32C instances, NPS1, 1.5TB 24x64GB DDR5-6400 (at 6000 MT/s), 1DPC, 1.0 Gbps NetXtreme BCM5720 Gigabit Ethernet PCIe, 3.5 TB Samsung MZWLO3T8HCLS-00A07 NVMe®, Ubuntu 22.04.4 LTS, 6.8.0-40-generic (tuned-adm profile throughput-performance, ulimit -l 198096812, ulimit -n 1024, ulimit -s 8192), BIOS RVOT0090F (SMT=off, Determinism=Power, Turbo Boost=Enabled)

    2P AMD EPYC 9654 (192 Total cores) 6 32C instances, NPS1, 1.5TB 24x64GB DDR5-4800, 1DPC, 2 x 1.92 TB Samsung MZQL21T9HCJR-00A07 NVMe, Ubuntu 22.04.3 LTS, BIOS 1006C (SMT=off, Determinism=Power)

    Versus 2P Xeon Platinum 8592+ (128 Total Cores), 4 32C instances, AMX On, 1TB 16x64GB DDR5-5600, 1DPC, 1.0 Gbps NetXtreme BCM5719 Gigabit Ethernet PCIe, 3.84 TB KIOXIA KCMYXRUG3T84 NVMe, , Ubuntu 22.04.4 LTS, 6.5.0-35 generic (tuned-adm profile throughput-performance, ulimit -l 132065548, ulimit -n 1024, ulimit -s 8192), BIOS ESE122V (SMT=off, Determinism=Power, Turbo Boost = Enabled)

    Results:

    CPU Median Relative Generational
    Turin 192C, 12 Inst 6067.531 3.775 2.278
    Turin 128C, 8 Inst 4091.85 2.546 1.536
    Genoa 96C, 6 Inst 2663.14 1.657 1
    EMR 64C, 4 Inst 1607.417 1 NA

    Results may vary due to factors including system configurations, software versions and BIOS settings. TPC, TPC Benchmark and TPC-C are trademarks of the Transaction Processing Performance Council.

    11 9xx5-009: Llama3.1-8B throughput results based on AMD internal testing as of 09/05/2024.

    Llama3-8B configurations: IPEX.LLM 2.4.0, NPS=2, BF16, batch size 4, Use Case Input/Output token configurations: [Summary = 1024/128, Chatbot = 128/128, Translate = 1024/1024, Essay = 128/1024, Caption = 16/16].

    2P AMD EPYC 9965 (384 Total Cores), 6 64C instances 1.5TB 24x64GB DDR5-6400 (at 6000 MT/s), 1 DPC, 1.0 Gbps NetXtreme BCM5720 Gigabit Ethernet PCIe, 3.5 TB Samsung MZWLO3T8HCLS-00A07 NVMe®, Ubuntu® 22.04.3 LTS, 6.8.0-40-generic (tuned-adm profile throughput-performance, ulimit -l 198096812, ulimit -n 1024, ulimit -s 8192) , BIOS RVOT1000C, (SMT=off, Determinism=Power, Turbo Boost=Enabled), NPS=2

    2P AMD EPYC 9755 (256 Total Cores), 4 64C instances , 1.5TB 24x64GB DDR5-6400 (at 6000 MT/s), 1DPC, 1.0 Gbps NetXtreme BCM5720 Gigabit Ethernet PCIe, 3.5 TB Samsung MZWLO3T8HCLS-00A07 NVMe®, Ubuntu 22.04.3 LTS, 6.8.0-40-generic (tuned-adm profile throughput-performance, ulimit -l 198096812, ulimit -n 1024, ulimit -s 8192), BIOS RVOT1000C (SMT=off, Determinism=Power, Turbo Boost=Enabled), NPS=2

    2P AMD EPYC 9654 (192 Total Cores) 4 48C instances , 1.5TB 24x64GB DDR5-4800, 1DPC, 1.0 Gbps NetXtreme BCM5720 Gigabit Ethernet PCIe, 3.5 TB Samsung MZWLO3T8HCLS-00A07 NVMe®, Ubuntu® 22.04.4 LTS, 5.15.85-051585-generic (tuned-adm profile throughput-performance, ulimit -l 1198117616, ulimit -n 500000, ulimit -s 8192), BIOS RVI1008C (SMT=off, Determinism=Power, Turbo Boost=Enabled), NPS=2

    Versus 2P Xeon Platinum 8592+ (128 Total Cores), 2 64C instances , AMX On, 1TB 16x64GB DDR5-5600, 1DPC, 1.0 Gbps NetXtreme BCM5719 Gigabit Ethernet PCIe, 3.84 TB KIOXIA KCMYXRUG3T84 NVMe®, Ubuntu 22.04.4 LTS 6.5.0-35-generic (tuned-adm profile throughput-performance, ulimit -l 132065548, ulimit -n 1024, ulimit -s 8192), BIOS ESE122V (SMT=off, Determinism=Power, Turbo Boost = Enabled).
    Results:

    CPU 2P EMR 64c 2P Turin 192c 2P Turin 128c 2P Genoa 96c
    Average Aggregate Median Total Throughput 99.474 193.267 182.595 138.978
    Competitive 1 1.943 1.836 1.397
    Generational NA 1.391 1.314 1

    Results may vary due to factors including system configurations, software versions and BIOS settings.

    12 9xx5-087: As of 10/10/2024; this scenario contains several assumptions and estimates and, while based on AMD internal research and best approximations, should be considered an example for information purposes only, and not used as a basis for decision making over actual testing.

    Referencing 9XX5-056A: “2P AMD EPYC 9575F powered server and 8x AMD Instinct MI300X GPUs running Llama3.1-70B select inference workloads at FP8 precision vs 2P Intel Xeon Platinum 8592+ powered server and 8x AMD Instinct MI300X GPUs has ~8% overall throughput increase across select inference use cases” and 8763.52 tokens/s (9575F) versus 8,048.48 tokens/s (8592+) at 128 input / 2048 output tokens, 500 prompts for 1.089x the tokens/s or 715.04 more tokens/s.

    1 Node = 2 CPUs and 8 GPUs.
    Assuming a 1000 node cluster, 1000 * 715.04 = 715,040 tokens/s

    For ~700,000 more tokens/s

    Results may vary due to factors including system configurations, software versions and BIOS settings.

    13 9xx5TCO-001a: This scenario contains many assumptions and estimates and, while based on AMD internal research and best approximations, should be considered an example for information purposes only, and not used as a basis for decision making over actual testing. The AMD Server & Greenhouse Gas Emissions TCO (total cost of ownership) Estimator Tool – version 1.12, compares the selected AMD EPYC™ and Intel® Xeon® CPU based server solutions required to deliver a TOTAL_PERFORMANCE of 39100 units of SPECrate2017_int_base performance as of October 10, 2024. This scenario compares a legacy 2P Intel Xeon 28 core Platinum_8280 based server with a score of 391 versus 2P EPYC 9965 (192C) powered server with an score of 3030 (https://spec.org/cpu2017/results/res2024q3/cpu2017-20240923-44833.pdf) along with a comparison upgrade to a 2P Intel Xeon Platinum 8592+ (64C) based server with a score of 1130 (https://spec.org/cpu2017/results/res2024q3/cpu2017-20240701-43948.pdf). Actual SPECrate®2017_int_base score for 2P EPYC 9965 will vary based on OEM publications.

    Environmental impact estimates made leveraging this data, using the Country / Region specific electricity factors from the 2024 International Country Specific Electricity Factors 10 – July 2024 , and the United States Environmental Protection Agency ‘Greenhouse Gas Equivalencies Calculator’.

    For additional details, see https://www.amd.com/en/claims/epyc5#9xx5TCO-001a

    14 9xx5-083: 5th Gen EPYC processors support DDR5-6400 MT/s for targeted customers and configurations. 5th Gen production SKUs support up to DDR5-6000 MT/s to enable a broad set of DIMMs across all OEM platforms and maintain SP5 platform compatibility

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3bb614ee-e307-43a7-a36b-f5bd02ed1335

    The MIL Network –

  • MIL-OSI: VINCENT GELLE APPOINTED DEPUTY CHIEF EXECUTIVE OFFICER OF MOBILIZE FINANCIAL SERVICES, RCI BANQUE’S COMMERCIAL BRAND

    Source: GlobeNewswire (MIL-OSI)

    October 10th, 2024

    PRESS RELEASE

    VINCENT GELLE APPOINTED DEPUTY CHIEF EXECUTIVE OFFICER OF MOBILIZE FINANCIAL SERVICES, RCI BANQUE’S COMMERCIAL BRAND

    Mobilize Financial Services announces the appointment of Vincent Gellé as Deputy Chief Executive Officer, effective October 4 th.

    This appointment is part of the new organization sought by Martin Thomas to ensure that Mobilize Financial Services, the financial arm of the Renault Group brands, meets the challenges of the sector and strengthens its position as market leader.

    Martin Thomas, CEO, Mobilize Financial Services: “Mobilize Financial Services is giving itself the means to write a new chapter in its development in a particularly demanding context. I’m delighted that Vincent Gellé, who has worked his way up through the Group in a variety of positions both in France and internationally, can continue to bring us his expertise in this new role.”

            

    Born in 1978, Vincent Gellé graduated from ESSEC business school in 2000. He joined RCI Banque in 2001, holding a number of financial and commercial positions in France and abroad.
    He began his career in the UK in 2001 with Renault Financial Services, before joining RCI Banque’s head office in 2005 as Financial Controller. From 2008, Vincent Gellé successively held the positions of Administrative and Financial Director in South Korea, then Group Performance Control Director. In 2016, he continued his career in Japan with Nissan’s Finance Department, then in Russia as Sales & Martketing Director of RN Bank.
    He then joined Mobilize Financial Services headquarters in France, where he has held the role of VP, Accounting and Group Performance Control since August 2023. He is a member of the RCI Banque Executive Committee.

    About Mobilize Financial Services   
    Attentive to the needs of all its customers, Mobilize Financial Services, a subsidiary of Renault Group, creates innovative financial services to build sustainable mobility for all. Mobilize Financial Services, which began operations nearly 100 years ago, is the commercial brand of RCI Banque SA, a French bank specializing in automotive financing and services for customers and networks of Renault Group, and also for the brands Nissan and Mitsubishi in several countries.  
    With operations in 35 countries and nearly 4,000 employees, Mobilize Financial Services financed more than 1,2 million contracts (new and used vehicles) in 2023 and sold 3,9 million services. At the end of June 2024, average earning assets stood at 54,9 billion euros of financing and pre-tax earnings at 553 million euros.   
    Since 2012, the Group has deployed a deposit-taking business in several countries. At the end of June 2024, net deposits amounted to 29,4 billion euros, or 50 % of the company’s net assets.   
    To find out more about Mobilize Financial Services: http://www.mobilize-fs.com/  
    Follow us on Twitter: @Mobilize_FS 

    Attachment

    The MIL Network –

  • MIL-OSI: Societe Generale: shares and voting rights as of 30 September 2024

    Source: GlobeNewswire (MIL-OSI)

    NUMBER OF SHARES COMPOSING CURRENT SHARE CAPITAL AND TOTAL NUMBER OF VOTING RIGHTS AS OF 30 SEPTEMBER 2024

    Regulated Information

    Paris, 10 October 2024

    Information about the total number of voting rights and shares pursuant to Article L.233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulations.

    Date Number of shares composing current share capital Total number of
    voting rights

    30 September 2024

    		 800,316,777

    Gross: 886,278,991

    Press contact:

    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with more than 126,000 employees serving about 25 million clients in 65 countries across the world. We have been supporting the development of our economies for nearly 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

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    The MIL Network –

  • MIL-OSI: Sacks Parente Golf Inc. Announces Closing of $732,000 Underwritten Public Offering of Shares of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    CAMARILLO, CA, Oct. 10, 2024 (GLOBE NEWSWIRE) — Sacks Parente Golf, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announced the closing of its underwritten public offering (the “Offering”) of 366,000 shares of Common Stock for aggregate gross proceeds of approximately $732,000, prior to deducting underwriting discounts and other offering expenses.

    The Company intends to use the net proceeds from this Offering for general corporate and working capital needs.

    The transaction closed on October 10, 2024.

    In addition, the Company has granted Aegis Capital Corp. a 45-day option to purchase additional shares of common stock of up to 15% of the number of shares of common stock sold in the Offering solely to cover over-allotments, if any. If this option is exercised in full, the total gross proceeds of the offering including over-allotments are expected to be approximately $842,000 before deducting underwriting discounts, commissions and offering expenses, which amount would essentially exhaust the maximum amount the Company can currently raise under its shelf registration statement.

    Aegis Capital Corp. acted as the sole book-running manager for the Offering. TroyGould PC acted as counsel to the Company. Kaufman & Canoles, P.C. acted as counsel to Aegis Capital Corp.

    The Offering was made pursuant to an effective registration statement on Form S-3 (No. 333-281664) previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on September 23, 2024. A preliminary prospectus (the “Preliminary Prospectus”) describing the terms of the proposed offering was filed with the SEC and is available on the SEC’s website located at http://www.sec.gov. Electronic copies of the Preliminary Prospectus may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at (212) 813-1010. Before investing in this Offering, interested parties should read in their entirety the registration statement and the Preliminary Prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such registration statement and the Preliminary Prospectus, which provide more information about the Company and the Offering.

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

    About Sacks Parente Golf, Inc.

    Sacks Parente Golf, Inc. is a technology-forward golf company that help golfers elevate their game. With a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, the Company’s innovative accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (ULBP) putter technology, weight-forward Center-of-Gravity (CG) design, and pioneering ultra-light carbon fiber putter shafts.

    Forward-Looking Statements

    The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

    Investor Contact for Sacks Parente Golf, Inc.:
    Tel: (855) 774-7888, Option 8
    investors@sacksparente.com

    The MIL Network –

  • MIL-OSI: Phunware to Participate in Webull Virtual Corporate Connect Webinar

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) — Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, announces that it will participate in the Webull LIVE! with Corporate Connect: Technology Investment Webinar on Wednesday, October 16, 2024 at 2pm ET. Phunware CEO Mike Snavely will present an overview of the Company and its strategic path forward and then participate in a Q&A session with investors.

       
    Presentation Date: October 16, 2024
    Time: 2pm ET
    Webinar Link: Click here to register
       

    About Phunware
    Leading hospitality brands partner with Phunware to delight their guests with personalized mobile experiences. Phunware’s mobile applications and SDKs leverage patented wayfinding and contextual engagement to guide guests to the right experience at the right time. Hotels, resorts, casinos, and convention centers can integrate their most important business systems to unify the guest journey, boost loyalty, and drive new revenue across their properties.

    https://www.phunware.com/solutions/hospitality/

    Safe Harbor
    This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. For example, Phunware is using forward-looking statements when it discusses the proposed offering and the timing and terms of such offering and its intended use of proceeds from such offering should it occur. 

    The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC, including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.

    Phunware Media Inquiries: 
    MZ Group, North America
    Joe McGurk, Managing Director
    917-259-6895
    PHUN@mzgroup.us

    Phunware Investor Relations: 
    CORE IR
    516-222-2560
    investorrelations@phunware.com

    The MIL Network –

  • MIL-OSI: American Rebel CEO and American Rebel to be Featured at NHRA FallNationals Pre-Stage Fan Fest October 10 in Waxahachie, Texas

    Source: GlobeNewswire (MIL-OSI)

    CEO Andy Ross to Headline Music Main Stage with American Rebel Light Beer Bus in Attendance

    Nashville, TN, Oct. 10, 2024 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), America’s Patriotic Brand and the creator of American Rebel Beer (http://www.americanrebelbeer.com), and branded safes, personal security and self-defense products and apparel, today announced the company will be featured at the National Hot Rod Association (“NHRA”) FallNationals Pre-Stage Fan Fest on October 10, 2024 taking place at Railyard Park in Waxahachie, Texas.

    Andy Ross, CEO of American Rebel, is the music headliner at the Pre-Stage Fan Fest, and the American Rebel Light Beer bus will be in attendance for guests. The free event, which begins with food trucks, live music, and activities for the whole family, takes place from 6-9 p.m. at Railyard Park (455 S. College St. Waxahachie, TX 75165). The company also provided American Rebel Light Beer at the previous night’s Champions Dinner.

    “Every year, the Pre-Stage Fan Fest gets bigger and bigger,” said Christie Meyer Johnson, Texas Motorplex co-owner. “We love having so many drivers spend time with the fans before the race starts. Last year, we added the JEGS Allstars participants, and now, we have one of the largest autograph sessions in all motorsports. This year, we have added Andy Ross to the main stage to rock out for all our fans in attendance.”

    The Pre-Stage Fan Fest (https://www.stampedeofspeed.com/event/thursday-jegs-all-stars) is an opportunity for drivers to spend time with the fans before the race starts, with one of the largest autograph sessions in all motorsports. More than 50 NHRA Mission Foods Drag Racing Series stars, including fan-favorites Justin Ashley, Ron Capps, Antron Brown, Texans Steve Torrence and Erica Enders, and Matt and Angie Smith. Reigning 2023 Texas FallNationals champions Matt Hagan, Erica Enders, and Gaige Herrera will be in attendance, as well as local drivers Buddy Hull and Kebin Kinsley.

    “We are thrilled to help kick off the FallNationals for the NHRA and its racing community with an evening of music, food and drinks,” said Andy Ross, Chief Executive Officer of American Rebel. “Our partnership with the NHRA continues to provide strategic opportunities to get our American Rebel Light Beer brand in front of the perfect patriotic fanbase.”

    The Texas NHRA FallNationals at the Texas Motorplex near Dallas is the 18th race on the NHRA Mission Foods Drag Racing Series’ 20-race schedule, and it is the fourth round in the six-race Countdown to the Championship. Tony Stewart Racing (TSR) drivers Tony Stewart (Top Fuel) and Matt Hagan (Funny Car) are both in the Countdown, with 2024 marking Stewart’s first appearance in the NHRA postseason and Hagan’s 13th.

    “To get a win in Texas for the fifth time would be huge. You just obviously want to keep doing well at tracks that treat you well and they (Texas Motorplex) do a really good job promoting the event. We (Leah Pruett and Hagan) have the Champions Dinner on Wednesday night, the Fan Fest on Thursday night that Andy Ross (American Rebel CEO) is going to be singing at. It’s just going to be a great weekend. We have multiple sponsors that will be there with Johnson’s Horsepowered Garage on the car and Andy Ross. It’s going to be a great thing and if we can pull down the fifth win at Texas Motorplex. I think it would be the icing on the cake.”

    About NHRA FallNationals

    The Countdown to the Championship blazes into Texas for the Stampede of Speed week, capped off with the Texas NHRA FallNationals. The Stampede of Speed is a ten-day festival of music, drag racing and amazing fan experiences leading up to the Texas NHRA FallNationals hosted at the historic Texas Motorplex, located just 35 minutes from Dallas and Fort Worth. For more information visit http://www.nhra.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Beer by its wholly-owned subsidiary American Rebel Beverages, LLC. The Company also designs and produces branded apparel and accessories. To learn more, visit http://www.americanrebel.com and http://www.americanrebelbeer.com. For investor information, visit http://www.americanrebel.com/investor-relations.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include continued increase in revenues, actual size of Best Brands, actual sales to be derived from Best Brands, implied or perceived benefits resulting from the Best Brands agreement, actual launch timing and availability of American Rebel Beer in additional markets, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contact:
    info@americanrebel.com

    James “Todd” Porter
    American Rebel Beverages, LLC
    tporter@americanrebelbeer.com

    Investor Relations:
    Brian Prenoveau
    MZ North America
    +1 (561) 489-5315
    AREB@mzgroup.us

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    The MIL Network –

  • MIL-OSI: New Report Reveals: Customer Loyalty at Stake for Financial Institutions Due to Rise in Identity-Based Attacks

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — HYPR, the Identity Assurance Company, today released its spotlight report “When Trust is Hacked: Customer Identity Security in Finance.” This report sheds light on the persistent threat of credential misuse and authentication vulnerabilities plaguing the financial industry, drawing a direct correlation between the escalating cyber-threat landscape and the growing apprehension among today’s banking customers. The report’s findings underscore the devastating impact of identity-related cyberattacks on customer loyalty, revealing a staggering 80% of respondents would likely abandon their financial institution following a data breach.

    HYPR’s latest report draws on comprehensive insights from two surveys, encompassing both financial service organizations and their customers, with a total of 548 respondents. This robust data set provides a unique and multifaceted perspective on the current state of identity security in the financial sector – revealing that current technologies are simply failing. Alarmingly, within the past year alone, 86% of finance organizations have been targeted by identity-related cyberattacks, with 84% falling victim to identity fraud. Additionally:

    • Financial institutions suffered losses of up to $4.57 million in the last year alone, more than double the $2.19 million reported in 2022 – due to insecure authentication methods.
    • Over three-quarters (77%) faced at least one breach due to credential misuse or authentication weaknesses.
    • Organizations observed a multitude of attacks with phishing attacks leading in prevalence (42%), followed by credential stuffing (29%), identity impersonation (28%), and push notification attacks (27%).

    “The financial sector remains a prime target for cybercriminals, and identity processes remain a major weak point. Institutions must proactively adapt their defenses to outpace evolving threats, or risk eroding customer trust and facing significant financial losses. Inaction is not an option,” said Gehan Dabare, newly appointed HYPR Advisor and leader for IAM at companies such as JPMC, Citi, CVS Health. “Gone are the days of blind trust. Today’s consumers are informed and empowered, demanding transparency, cutting-edge technology, and the peace of mind that comes with knowing their finances are secure.”


    The High Stakes Impact on Customers
    Today’s banking customers are demanding more accountability from their financial institutions, rejecting the unquestioning loyalty of previous generations. The consequences are clear with an overwhelming 80% of customers prepared to switch banks following a data breach. This intolerance for security lapses is even more pronounced among younger customers, with 93% of those under 35 ready to close their accounts. In contrast, more than a quarter of customers aged 45 and older would remain loyal after a breach. These findings emphasize a clear shift in customer priorities across all age groups: security, company values, and technological innovation are now paramount when evaluating banking relationships. Of those surveyed:

    A mere 11% of respondents were aware of breaches affecting their banks, while 63% firmly believed their banks were unscathed, and the remaining quarter were uncertain. This highlights a critical gap in communication from financial institutions during breaches, raising concerns about the effectiveness of their disclosures. In terms of authentication protocols and technology, most respondents (95.5%) are aware of passkeys as an available login technology. Armed with this information, 77% of customers would actively favor a bank offering passkeys over one that doesn’t.

    Yet, despite the growing demand for heightened authentication measures, financial institutions are trailing in their offerings of safer methods. Nearly a quarter (22%) of respondents still repurpose passwords across financial accounts, while close to 90% rely on one-time passwords (SMS, email or voice) and 7% rely solely on a password. This demonstrates the need for modernization in the financial sector’s authentication practices, especially as customers become increasingly aware of and demand stronger security measures.

    “It’s a stark paradox: the financial sector invests heavily in cybersecurity yet remains a prime target. The question isn’t how these attacks happen, but why they persist,” states Bojan Simic, CEO and Co-founder of HYPR. “Our research exposes the dual nature of this challenge: the struggle to implement effective technology amidst rapidly evolving AI-driven threats, and the rising tide of customer expectations demanding both robust security and transparent communication. This is a defining moment for financial institutions to adapt or be left behind.”

    About HYPR
    HYPR, the leader in passwordless identity assurance, delivers the industry’s most comprehensive end-to-end identity security for your workforce and customers. By unifying phishing-resistant passwordless authentication, adaptive risk mitigation, and automated identity verification, HYPR ensures secure and seamless user experiences for everyone.

    Trusted by organizations worldwide, including two of the four largest US banks, leading manufacturers, and critical infrastructure companies, HYPR secures some of the most complex and demanding environments globally.

    Media:
    Fabienne Dawson
    fabienne@hypr.com
    917.374.6860

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/215d6253-f76f-4a3d-86cf-139896d58be2

    The MIL Network –

  • MIL-OSI: DTE Energy schedules third quarter 2024 earnings release, conference call

    Source: GlobeNewswire (MIL-OSI)

    Detroit, Oct. 10, 2024 (GLOBE NEWSWIRE) — DTE Energy (NYSE:DTE) will announce its third quarter 2024 earnings before the market opens Thursday, October 24, 2024.

    The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET the same day.

    Investors, the news media and the public may listen to a live internet broadcast of the call at dteenergy.com/investors. The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The U.S. and international toll telephone dial-in number is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE Energy website at dteenergy.com/investors.

    About DTE Energy 

    DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/DTE_Energy and facebook.com/dteenergy. 

    For further information, analysts may call:
    Matt Krupinski, DTE Energy: 313.235.6649
    John Dermody, DTE Energy: 313.235.8750

    The MIL Network –