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  • MIL-OSI Global: Trump and Harris are sharply divided on science, but share common ground on US technology policy

    Source: The Conversation – USA – By Kenneth Evans, Scholar in Science and Technology Policy, Baker Institute for Public Policy, Rice University

    Science topics don’t always come up during presidential debates – but they did on Sept. 10, 2024. Mario Tama via Getty Images

    For the first time in American history, quantum computing was mentioned by a candidate during a presidential debate, on Sept. 10, 2024. After Vice President Kamala Harris brought up quantum technology, she and former President Donald Trump went on to have a heated back-and-forth about American chipmaking and China’s rise in semiconductor manufacturing. Science and technology policy usually takes a back seat to issues such as immigration, the economy and health care during election season.

    What’s changed for 2024?

    From COVID-19 to climate change, ChatGPT to, yes, quantum computers, science-related issues are on the minds of American policymakers and voters alike. The federal government spends nearly US$200 billion each year on scientific research and development to address these challenges and many others. Presidents and Congress, however, rarely agree on how – and how much – money should be spent on science.

    With the increasing public focus on global competitiveness, the climate crisis and artificial intelligence, a closer look at Trump’s and Harris’ records on science and technology policy could provide a hint about how they’d approach these topics if elected this fall.

    Two distinct visions for science funding

    If politics can be described as “who gets what and when,” U.S. science and technology policy can be assessed through the annual budget process for R&D. By this measure, the differences between the Trump and Biden-Harris administrations couldn’t be starker.

    In his first budget request to Congress, in 2017, Trump spurned decades of precedent, proposing historic cuts across nearly every federal science agency. In particular, Trump targeted climate-related programs at the Department of Energy, the National Oceanic and Atmospheric Administration and the Environmental Protection Agency.

    Trump’s fiscal policy took a page from Reagan-era conservative orthodoxy, prioritizing military spending over social programs, including R&D. Unlike Reagan, however, Trump also took aim at basic research funding, an area with long-standing bipartisan support in Congress. His three subsequent budget proposals were no different: across-the-board reductions to federal research programs, while pushing for increases to defense technology development and demonstration projects.

    Congress rebuked nearly all of Trump’s requests. Instead, it passed some of the largest increases to federal R&D programs in U.S. history, even before accounting for emergency spending packages funded as part of the government’s pandemic response.

    In contrast, the Biden-Harris administration made science and innovation a centerpiece of its early policy agenda – with budgets to match. Leveraging the slim Democratic majority during the 117th Congress, Biden and Harris shepherded three landmark bills into law: the Infrastructure Investment and Jobs Act, the Inflation Reduction Act and the CHIPS and Science Act. These laws contain significant R&D provisions focused on environmental projects (IIJA), clean energy (IRA) and American semiconductor manufacturing (CHIPS).

    CHIPS set up programs within the National Science Foundation and the Department of Commerce to create regional technology hubs in support of American manufacturing. The act also set ambitious funding targets for federal science agencies, especially at NSF, calling for its budget to be doubled from $9 billion to over $18 billion over the course of five years.

    Despite its initial push for R&D, the Biden-Harris administration’s final two budget proposals offered far less to science. Years of deficit spending and a new Republican majority in the House cast a cloud of budget austerity over Congress. Instead of moving toward doubling NSF’s budget, the agency suffered an 8% decrease in fiscal year 2024 – its biggest cut in over three decades. For FY2025, which runs from Oct. 1, 2024, through Sept. 30, 2025, Biden and Harris requested a meager 3% increase for NSF, billions of dollars short of CHIPS-enacted spending levels.

    An emerging consensus on China

    On technology policy, Biden and Harris share more with Trump than they let on.

    Their approach to competing with China on tech follows Trump’s lead: They’ve expanded tariffs on Chinese goods and severely limited China’s access to American-made computer chips and semiconductor manufacturing equipment.

    Biden and Harris have also ramped up research security efforts intended to protect U.S. ideas and innovation from China. Trump launched the China Initiative as an attempt to stop the Chinese government from stealing American research. The Biden-Harris administration ended the program in 2022, but pieces of it remain in place. Scientific collaborations between the United States and China continue to decline, to the detriment of American scientific leadership.

    Semiconductor manufacturing is a key to many technologies; by extension, where it happens can be a security issue.
    Costfoto/NurPhoto via Getty Images

    The Biden-Harris administration has also drawn from Trump-era policy to strengthen America’s leadership in “industries of the future.” The term, coined by Trump’s then-chief science adviser Kelvin Droegemeier, refers to five emerging technology areas: AI, quantum science, advanced manufacturing, advanced communications and biotechnology. This language has been parroted by the Biden-Harris administration as part of its focus on American manufacturing and throughout Harris’ campaign, including during the debate.

    In short, both candidates align with the emerging Washington bipartisan consensus on China: innovation policy at home, strategic decoupling abroad.

    Science advice not always a welcome resource

    Trump’s dismissal of and at times outright contempt for scientific consensus is well documented. From “Sharpiegate,” when he mapped his own projected path for Hurricane Dorian, to pulling out of the Paris climate agreement, World Health Organization and the Iran nuclear deal, Trump has demonstrated an unwillingness to accept any advice, let alone from scientists.

    Indeed, Trump took over two years to hire Droegemeier as director of the White House Office of Science and Technology Policy, or OSTP, doubling the previous record for the length of time a president has gone without a scientific adviser. This absence was no doubt reflected in Trump’s short-on-science budget requests to Congress, especially during the beginning of his administration.

    On the other hand, the Biden-Harris administration has promoted science and innovation as a core part of its broader economic policy agenda. It elevated the role of OSTP: Biden is the first president to name his science adviser – a position currently held by Arati Prabhakar – as a member of his Cabinet.

    By law, the president is required to appoint an OSTP director. But it is up to the president to decide how and when to use their advice. If the new White House wants the U.S. to remain a global leader in R&D, the science adviser will need to continue to fight for it.

    Kenneth Evans receives funding from the National Science Foundation, the American Institute of Physics, and the Clinton Foundation. He is affiliated with Rice University and Rice University’s Baker Institute for Public Policy.

    – ref. Trump and Harris are sharply divided on science, but share common ground on US technology policy – https://theconversation.com/trump-and-harris-are-sharply-divided-on-science-but-share-common-ground-on-us-technology-policy-239053

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Yuri Trutnev summed up the first results of the master plan implementation in Kamchatka

    MILES AXLE Translation. Region: Russian Federation –

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

    Yuri Trutnev heard reports on the implementation of the long-term plan for the comprehensive socio-economic development of the Petropavlovsk-Kamchatsky urban district

    October 8, 2024

    Yuri Trutnev, Governor of Kamchatka Krai Vladimir Solodov and Deputy Minister for the Development of the Far East and the Arctic Elvira Nurgalieva

    October 8, 2024

    Yuri Trutnev held a meeting with the management and instructors of the Kamchatka branch of the Voin center

    October 8, 2024

    Previous news Next news

    Yuri Trutnev heard reports on the implementation of the long-term plan for the comprehensive socio-economic development of the Petropavlovsk-Kamchatsky urban district

    As part of a working visit to Kamchatka Krai, Deputy Prime Minister and Presidential Plenipotentiary Representative in the Far Eastern Federal District Yuri Trutnev heard reports on the implementation of the long-term plan for the comprehensive socio-economic development of the Petropavlovsk-Kamchatsky urban district, and also held a meeting with investors and assessed the work of the Kamchatka branch of the Voin center.

    The long-term plan for the socio-economic development of the Petropavlovsk-Kamchatsky urban district provides for the implementation of 17 events containing 52 objects for the period up to 2030. The key events of the master plan include the construction of a number of roads, including a bypass road from Petropavlovsk Highway to the residential area of Severo-Vostok and a public road to the Pacific Ocean coast. A campus for students of the city’s universities and colleges will appear in the capital of Kamchatka. It is planned to place educational institutions, clubs, public spaces, recreation and leisure areas for students on the campus territory. The construction of the children’s and youth scientific and educational center “Voskhod” has begun. Among the key events of the master plan is the improvement of the city center with the construction of a public center.

    The master plan includes an environmental component. Within its framework, Kultuchnoye Lake in the city center will be cleaned. City landfills will also be reclaimed and an eco-technopark will be built. At the same time, integrated development projects will also be implemented in other areas: in the Severny microdistrict, the Zarechny microdistrict (near the airport), on Pogranichnaya Street, on Komsomolskaya Square, and also on the site of the existing regional hospital after its relocation to a new location. The construction of the bypass road TPP-1 – TPP-2 also plays a major role in the development of the regional capital.

    This year, the design of the interactive planetarium and creativity center on Nikolskaya Hill, the improvement of the Historical Quarter, the walking area along 50 Let Oktyabrya Street, Leninskaya, Sovetskaya, Partizanskaya Streets and the Kultuchnoye Ozero ecopark, three sewage pumping stations were completed. The implementation of 26 events continues.

    By the end of the year, work is planned to be completed at 15 sites. Work on the improvement of the central embankment and the park along Voytsesheka Street will be completed. The cultural heritage site (at 13 Krasintsev Street) will be restored as part of the art cluster, and equipment will be purchased for the creative industries school being created. The construction of sewage treatment facilities for the planned building of the regional children’s hospital will be completed. The design of a cable car, a building of the regional children’s hospital, a community center, an eco-technopark, two sewage treatment facilities (“Chavycha”, “29 km”) and five sewage pumping stations (“Rybny Port”, “Torgovy Port”, “Drama Theater”, “1/1E”, “Zarechnaya”) will be completed.

    Work is actively underway on the following projects, the commissioning of which is planned for 2025. A road to Khalaktyrsky Beach is being built. Construction of a gas boiler house has begun in the Severny microdistrict as part of the Far Eastern Quarter project. The Yu.A. Gagarin Children’s Health Camp is being renovated. It is planned to begin major repairs of the road along Leninskaya Street in the city center. This year, a large and extremely important project for the region will also begin on the construction of an LNG regasification complex in Rakova Bay, with a completion date of 2025.

    According to Deputy Minister for the Development of the Russian Far East and Arctic Elvira Nurgalieva, 12 billion rubles of a single presidential subsidy from the Ministry for the Development of the Russian Far East and 1.5 billion rubles of special treasury loans will be allocated for the implementation of the master plan for Petropavlovsk-Kamchatsky. The region has already received some of the funds for the design, major repairs and construction of facilities. The region will receive 0.6 billion rubles as part of a landscaping competition from the Russian Ministry of Construction. These funds were used to create an observation deck on Petrovskaya Sopka, and to improve the embankment in the city center along Ozernovskaya Kosa Street, a park along Voytsesheka Street, and Nikolskaya Sopka. This year, the Russian Ministry of Culture allocated funds for the purchase of equipment for the creation of a school of creative industries as part of the art cluster. The Russian Ministry of Energy will provide funding for the construction of an LNG regasification complex in Rakova Bay.

    Thanks to the implementation of the master plan activities, positive dynamics have been observed in a number of indicators this year: the volume of construction work is growing (an increase of 5.5% in the first half of 2024), the number of people employed in the construction industry is increasing, and indicators in related industries have increased many times over: the cargo turnover of sea transport has increased by more than a quarter, and automobile transport has more than doubled.

    Plans for 2025–2027 were discussed. In particular, it is planned to improve Nikolskaya Sopka by 2026 using funds from the federal project “Formation of a Comfortable Urban Environment”. It is planned to build five sewage pumping stations (“Zarechnaya”, “1/1E”, “Rybny Port”, “Torgovy Port”, “Drama Theater”). The deadlines for completing the construction of a public center on Lenin Square, a hotel and business center with improvement of the park on the territory of “Petropavlovskaya Gavan”, a fish market on the territory of “Prichal Mekhzavod” and a cable car have been set by the end of 2027.

    “There are initial results. An observation deck has been built, the embankment is being improved. We only started implementing the master plan this year. And there is still a lot of work to be done,” Yuri Trutnev summed up the discussion.

    During a meeting with investors, the Deputy Prime Minister noted that more than 250 investors with projects worth almost 300 billion rubles have taken advantage of state support in Kamchatka, with 106 billion rubles already invested. 79 projects have been commissioned, and more than 11,000 new jobs have been created.

    According to Vladimir Solodov, Governor of Kamchatka Krai, 128.2 billion rubles were attracted to Kamchatka Krai in 2023. Investment growth was 60% compared to the previous year. Tourism is a priority industry. Last year, investment growth in this area was 53%. At the same time, 17 new hotels were built in 2023 alone, and the number of accommodations increased by 1,031 places.

    Projects for the construction of hotels in the Kamchatka priority development area were discussed. The Cosmos Hotel Kamchatka company plans to build a five-star tourist and recreational complex. The Berloga company will create a five-star hotel complex with a thermal spa complex in the Elizovsky district of the Kamchatka priority development area. The implementation of a major investment project by a Kamchatka priority development area resident to create an international standard resort, the Three Volcanoes Park, was discussed.

    The progress of completing the construction of the new passenger terminal of the Petropavlovsk-Kamchatsky International Airport (Yelizovo) was also considered. Several contractors are involved in the construction of the new airport complex of the Yelizovo airport. A total of 1,200 people and 50 units of special equipment are working on the construction of the facility. The overall construction readiness is 82%.

    On the same day, Yuri Trutnev held a meeting with the management and instructors of the Kamchatka branch of the Voin center. “I always take the opportunity when I am in a territory where there is a branch of the center, to visit it, to see how things are going. Reviving patriotic education is our initiative with Sergei Vladilenovich [Kiriyenko]. It was supported by the President of Russia. And of course, we must monitor how things are going. The most important thing, in my opinion, the most positive thing, is that the feedback from the cadets is good everywhere. This shows that we started our work on time and that the desire for patriotism, the desire to be able to defend your homeland, to love it are in demand,” Yuri Trutnev opened the meeting.

    Addressing the branch management and instructors of the Voin center, the Deputy Prime Minister emphasized the importance of work on patriotic education: “You are shaping the future by educating a new generation of Russians. There are currently 21 branches of the Voin center operating in the Russian Federation, including branches created in all liberated territories. Since the start of the Voin center, 35 thousand young men and women have been trained. And this year, the Voin center will train 30 thousand young people across the country.”

    It was noted that the Voin center had developed a draft textbook, Basics of Initial Military Training. It is currently in the final stages of revision. This academic year, it is planned to test the publication by cadets of the Voin center and students of some educational organizations.

    Director of the Voin Center branch in Kamchatka Alexander Burkhavetsky and Chairman of the regional branch of DOSAAF of Russia Dmitry Pavlov reported on the work of the Kamchatka branch. About 800 teenagers will undergo training in Kamchatka by the end of the year. Currently, construction of classrooms and arrangement of the territory of the Military Sports Training Center in the Yelizovsky District is underway. By the end of November 2024, it is planned to complete the construction of classrooms with a parade ground, a GTO site, a combined arms obstacle course, a parking lot and an entry group. In 2025, it is planned to complete the construction of a 500-meter gallery for sniping, arrangement of a tactical field, construction of several shooting galleries, installation of a facade for storming the building (for assault mountaineering), construction of a canteen, barracks for 120 people, preparation of a place for placing a tent camp for 160 people.

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

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

    http://government.ru/nevs/52936/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI: Parex Resources Announces Production Update and Timing of Q3 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 08, 2024 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announces a production update as well as its plan to release its Q3 2024 financial and operating results on Tuesday, November 5, 2024.

    Q3 2024 Production Update(1)

    • Q3 2024 average production was 47,569 boe/d.
    • Average production was in line with the most recent production guidance(2).
    • September 2024 production was supported by a new well at Capachos.
    • Parex’s production guidance incorporates a range of technical outcomes and contingency for significant downtime events; there were no notable downtime events during the quarter.
    boe/d For the three months ended September 30, 2024
    Block LLA-34 24,975
    Southern Llanos 15,031
    Northern Llanos 4,567
    Magdalena Basin 2,268
    Natural Gas Production 728
    Average Production 47,569

    (1) See “Product Type Disclosure.”
    (2) See August 28, 2024 news release.

    Monthly Production Breakdown(1)(2)

    boe/d July 2024 August 2024 September 2024
    Average Production 48,850 46,350 47,450

    (1) See “Product Type Disclosure.”
    (2) Rounded for presentation purposes.

    Q3 2024 Conference Call & Webcast

    Parex will host a conference call and webcast to discuss its Q3 2024 results on Wednesday, November 6, 2024, beginning at 9:30 am MT (11:30 am ET). Additional details will be available on the Company’s website in due course.

    About Parex Resources Inc.

    Parex is one of the largest independent oil and gas companies in Colombia, focusing on sustainable, conventional production. The Company’s corporate headquarters are in Calgary, Canada, with an operating office in Bogotá, Colombia. Parex shares trade on the Toronto Stock Exchange under the symbol PXT.

    For more information, please contact:

    Mike Kruchten
    Senior Vice President, Capital Markets & Corporate Planning
    Parex Resources Inc.
    403-517-1733
    investor.relations@parexresources.com

    Steven Eirich
    Investor Relations & Communications Advisor
    Parex Resources Inc.
    587-293-3286
    investor.relations@parexresources.com

    NOT FOR DISTRIBUTION OR FOR DISSEMINATION IN THE UNITED STATES

    Product Type Disclosure

    Product Type July 2024 August 2024 September 2024
    Light & Medium Crude Oil (bbl/d) 9,308 8,832 9,041
    Heavy Crude Oil (bbl/d) 38,793 36,808 37,681
    Conventional Natural Gas (mcf/d) 4,492 4,262 4,363
    Oil Equivalent (boe/d) 48,850(1) 46,350(1) 47,450(1)

    (1) Rounded for presentation purposes.

    Product Type For the three months ended September 30, 2024
    Light & Medium Crude Oil (bbl/d) 9,064
    Heavy Crude Oil (bbl/d) 37,776
    Conventional Natural Gas (mcf/d) 4,370
    Oil Equivalent (boe/d) 47,569

    Oil & Gas Matters Advisory

    The term “Boe” means a barrel of oil equivalent on the basis of 6 thousand cubic feet (“Mcf”) of natural gas to 1 bbl. Boe may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6 Mcf: 1Bbl, utilizing a conversion ratio at 6 Mcf: 1 Bbl may be misleading as an indication of value.

    Advisory on Forward-Looking Statements

    Certain information regarding Parex set forth in this press release contains forward-looking statements that involve substantial known and unknown risks and uncertainties. The use of any of the words “plan”, “expect”, “prospective”, “project”, “intend”, “believe”, “should”, “anticipate”, “estimate”, “forecast”, “guidance”, “budget” or other similar words, or statements that certain events or conditions “may” or “will” occur are intended to identify forward-looking statements. Such statements represent Parex’s internal projections, estimates or beliefs concerning, among other things, future growth, results of operations, production, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, plans for and results of drilling activity, environmental matters, business prospects and opportunities. These statements are only predictions and actual events or results may differ materially. Although the Company’s management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievement since such expectations are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause Parex’s actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Parex.

    Although the forward-looking statements contained in this press release are based upon assumptions which management believes to be reasonable, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. With respect to forward-looking statements contained in this press release, Parex has made assumptions regarding, among other things: current and anticipated commodity prices and royalty regimes; availability of skilled labour; timing and amount of capital expenditures; future exchange rates; the price of oil, including the anticipated Brent oil price; the impact of increasing competition; conditions in general economic and financial markets; availability of drilling and related equipment; effects of regulation by governmental agencies; receipt of partner, regulatory and community approvals; royalty rates; future operating costs; uninterrupted access to areas of Parex’s operations and infrastructure; recoverability of reserves and future production rates; the status of litigation; timing of drilling and completion of wells; on-stream timing of production from successful exploration wells; operational performance of non-operated producing fields; pipeline capacity; that Parex will have sufficient cash flow, debt or equity sources or other financial resources required to fund its capital and operating expenditures and requirements as needed; that Parex’s conduct and results of operations will be consistent with its expectations; that Parex will have the ability to develop its oil and gas properties in the manner currently contemplated; that Parex’s evaluation of its existing portfolio of development and exploration opportunities is consistent with its expectations; current or, where applicable, proposed industry conditions, laws and regulations will continue in effect or as anticipated as described herein; that the estimates of Parex’s production and reserves volumes and the assumptions related thereto (including commodity prices and development costs) are accurate in all material respects; that Parex will be able to obtain contract extensions or fulfill the contractual obligations required to retain its rights to explore, develop and exploit any of its undeveloped properties; that Parex will have sufficient financial resources in the future to pay a dividend in the future; that the Board will declare dividends in the future; and other matters.

    These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to, the impact of general economic conditions in Canada and Colombia; prolonged volatility in commodity prices; industry conditions including changes in laws and regulations including adoption of new environmental laws and regulations, and changes in how they are interpreted and enforced in Canada and Colombia; determinations by OPEC and other countries as to production levels; competition; lack of availability of qualified personnel; the results of exploration and development drilling and related activities; obtaining required approvals of regulatory authorities in Canada and Colombia; risks associated with negotiating with foreign governments as well as country risk associated with conducting international activities; volatility in market prices for oil; fluctuations in foreign exchange or interest rates; environmental risks; changes in income tax laws or changes in tax laws and incentive programs relating to the oil industry; changes to pipeline capacity; ability to access sufficient capital from internal and external sources; failure of counterparties to perform under contracts; risk that Brent oil prices are lower than anticipated; risk that Parex’s evaluation of its existing portfolio of development and exploration opportunities is not consistent with its expectations; risk that initial test results are not indicative of future performance or ultimate recovery; risk that other zones to be tested do not contain the expected hydrocarbon bearing formations; the risk that Parex’s 2024 capital expenditures and planned exploration and development programs are different than expected, including in a manner adverse to Parex; the risk that Parex’s financial and production results may be less favorable than anticipated; the risk that certain of Parex’s wells may not spud or come onstream when anticipated, or at all; the risk that Parex may not have sufficient financial resources in the future to pay a dividend or repurchase its shares; the risk that the Board may not declare dividends in the future or that Parex’s dividend policy changes; that risk that Parex may not actively adjust its capital allocation or maximize shareholder value; the risk that the Company may purchase less shares per day through its automatic share purchase plan than anticipated and that it may not adjust to match its targeted long-term capital allocation framework as required; and other factors, many of which are beyond the control of the Company. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Parex’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website (www.sedarplus.ca).

    Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide shareholders with a more complete perspective on Parex’s current and future operations and such information may not be appropriate for other purposes. Parex’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits Parex will derive. These forward-looking statements are made as of the date of this press release and Parex disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

    Abbreviations

    The following abbreviations used in this press release have the meanings set forth below:

    bbl one barrel
    bbl/d barrels per day
    boe barrels of oil equivalent of natural gas; one barrel of oil or natural gas liquids for six thousand cubic feet of natural gas
    boe/d barrels of oil equivalent of natural gas per day
    mcf thousand cubic feet
    mcf/d thousand cubic feet per day

    The MIL Network –

  • MIL-OSI: Apollo Commercial Real Estate Finance, Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today announced the Company will hold a conference call to review its third quarter 2024 financial results on Thursday, October 31, 2024 at 9:00 a.m. Eastern Time. The Company’s third quarter 2024 financial results will be released after the market closes on Wednesday, October 30, 2024. During the conference call, Company officers will review third quarter 2024 performance, discuss recent events and conduct a question-and-answer period.

    To register for the call, please use the following link:

    https://register.vevent.com/register/BIa37467c5213342ac9459168840830682

    After you register, you will receive a dial-in number and unique pin. The Company will also post a link in the Stockholders’ section on ARI’s website for a live webcast. For those unable to listen to the live call or webcast, there will be a webcast replay link posted in the Stockholders’ section on ARI’s website approximately two hours after the call.

    About Apollo Commercial Real Estate Finance, Inc.
    Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc., a high-growth, global alternative asset manager with approximately $696 billion of assets under management as of June 30, 2024.

    Additional information can be found on the Company’s website at http://www.apollocref.com. Please note that our URL address has changed.

    Forward-Looking Statements
    Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. These forward-looking statements include information about possible or assumed future results of the Company’s business, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words believe, expect, anticipate, estimate, plan, continue, intend, should, may or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: higher interest rates and inflation; market trends in the Company’s industry, real estate values, the debt securities markets or the general economy; the timing and amounts of expected future fundings of unfunded commitments; the return on equity; the yield on investments; the ability to borrow to finance assets; the Company’s ability to deploy the proceeds of its capital raises or acquire its target assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    CONTACT: Hilary Ginsberg
    Investor Relations
    (212) 822-0767

    The MIL Network –

  • MIL-Evening Report: Government to put pressure on opposition with legislation to ensure NBN stays in public hands

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    The Albanese government on Wednesday will introduce legislation to ensure the NBN remains in government ownership.

    The move is designed to set up a test for the Coalition, putting pressure on the opposition ahead of the election to declare whether it would try to privatise the NBN.

    The government said in a statement from Prime Minister Anthony Albanese, Finance Minister Katy Gallagher and Communications Minister Michelle Rowland: “The Coalition rushed to declare the NBN ‘complete’ so they could put it on the block for sale – selling out Australian consumers and regional communities.

    “The Albanese government won’t let that happen. This legislation will ensure the NBN is owned by who it belongs to – the Australian people.”

    The upgrades the government had undertaken “are already making a real difference in the lives of Australians through faster, more reliable internet access. Keeping the NBN in public hands will lock in affordable and accessible high speed internet for all Australians for generations to come.”

    Albanese said:“The Coalition made a mess of the NBN – my government is getting on with the job of fixing it and making sure it stays in public hands, where it belongs.”

    Rowland said: “Australians don’t trust the Coalition not to flog off the NBN just like they did with Telstra, resulting in higher prices and poorer services, especially in the regions.”

    Downgraded

    The Rudd Labor government announced what was to be a predominantly fibre-to-the-home wholesale network in 2009, promising it would cost $43 billion and later be privatised to claw back the expense.

    In 2010 Communications Minister Stephen Conroy said Labor “remained firmly committed to selling its stake in NBN Co after the network was fully built and operational, subject to market conditions and security considerations”.

    By 2020 the government was estimated to have spent $51 billion on a scaled-down version of the project completed using a mix of technologies.

    In June that year a review by the Parliamentary Budget Office put its fair value at $8.7 billion.

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

    – ref. Government to put pressure on opposition with legislation to ensure NBN stays in public hands – https://theconversation.com/government-to-put-pressure-on-opposition-with-legislation-to-ensure-nbn-stays-in-public-hands-240807

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Economics: Secretary-General of ASEAN meets with Director of Public Policy of TikTok

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with the Director of Public Policy of TikTok Southeast Asia, Ms. Shinto Nugroho, at the sidelines of the 2024 ASEAN Business and Investment Summit, in Vientiane, Lao PDR. They discussed how the private sector, such as TikTok, could contribute to the region’s continued growth and development as well as explored future opportunities to advance ASEAN’s digital transformation.

    The post Secretary-General of ASEAN meets with Director of Public Policy of TikTok appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: FinTech Week to kick off on Oct 28

    Source: Hong Kong Information Services

    The ninth edition of Hong Kong FinTech Week (HKFW), themed “Illuminating New Pathways in Fintech” will take place from October 28 to November 1, Invest Hong Kong (InvestHK) announced today.

    HKFW 2024 will place a significant emphasis on cutting-edge technologies such as Artificial Intelligence (AI), it added.

    The event is expected to draw over 30,000 attendees from more than 100 economies.

    The main conference, involving hundreds of distinguished speakers, will take place between October 28 and 29 at Hong Kong AsiaWorld-Expo.

    It will feature eight themed forums, namely a Global Forum, an AI & Advanced Tech Forum, a Blockchain & Digital Assets Forum, a Payments & Other FinTech Forum, an InsurTech Forum, a Green FinTech & Impact Forum, a WealthTech & InvestTech Forum, and the Hong Kong Connect Forum. 

    Meanwhile, a series of community engagement events will take place from October 28 to November 1 in Hong Kong and Shenzhen. These will include a tour of the Greater Bay Area, satellite and networking events, lifestyle activities and workshops, and the inaugural Web3x3 basketball game.

    InvestHK said HKFW enjoys the confidence of both Mainland and international companies and markets.

    It highlighted that this year’s event will feature a record number of big tech companies from the Mainland showcasing their latest innovations, as well as notable speakers and delegates from the Association of Southeast Asian Nations and the Middle East, reflecting Hong Kong’s multifaceted business connections and outlook.

    Secretary for Financial Services & the Treasury Christopher Hui said Hong Kong has emerged as a super connector and super value-adder for fintech thanks to its strategic location and robust financial infrastructure.

    “Our city is ranked third in the latest Global Financial Centres Index and first in the Asia Pacific Region,” he added. “In terms of fintech, Hong Kong rose five places to ninth, putting it among the top 10 fintech hubs globally.

    “This reflects the concerted efforts of the Government, financial regulators, and industry players to promote fintech development in Hong Kong.”

    Mr Hui also stressed that, owing to various initiatives aimed at attracting and retaining strategic companies and talent, the city is primed to reap the benefits of Hong Kong FinTech Week. He said the event this year will pave the way for connected, efficient, and sustainable global economic growth from fintech operations.

    HKFW 2024 is organised by the Financial Services & the Treasury Bureau and InvestHK, in collaboration with the Hong Kong Monetary Authority, the Securities and Futures Commission, and the Insurance Authority.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Urgently Secures Three-Year, Roadside Assistance Contract Renewal with Global Automotive Fleet Management Customer Partner

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., Oct. 08, 2024 (GLOBE NEWSWIRE) — Urgent.ly, Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced its three-year contract renewal with a customer partner that operates a global automotive fleet management company. The renewal extends this long-term customer partner relationship to nine years, with Urgently powering the fleet management company’s roadside assistance program.

    With the addition of this customer partner renewal, Urgently has successfully retained all roadside assistance contracts up for renewal since the beginning of the second quarter of 2024, an indication of Urgently’s commitment to delivering customer value through exceptional service, cutting edge technology and a prioritization of safety.

    “We are privileged to have the opportunity to continue this successful partnership, which we believe reflects the strength of our technology and the outstanding level of service we deliver,” said Matt Booth, Chief Executive Officer, Urgently. “We look forward to continuing to provide roadside assistance solutions that meet our customer partner’s evolving needs and support our focus on accelerating profitable growth.”

    Under the renewed contract, the automotive fleet management company will leverage Urgently’s comprehensive technology stack and capabilities, including:

    • Service capabilities, encompassing vehicle classes 1 through 6, from light duty passenger cars, vans and small pickup trucks, through medium duty commercial vehicles
    • AI-driven yield-based pricing technology with predictive and location-aware capabilities that deliver network pricing and actionable insights to help minimize vehicle downtime

    Urgently believes this renewal solidifies its position as a preferred roadside and mobility assistance partner, leveraging Urgently’s connected assistance platform to drive efficiency and an exceptional customer experience aligned with the automotive fleet management company’s brand.

    For more information about Urgently’s roadside and mobility assistance solutions visit https://www.geturgently.com/industry-solutions.

    About Urgently

    Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit http://www.geturgently.com.

    Forward Looking Statements

    This press release contains or may contain “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or Urgently’s future financial or operating performance. Such statements are based upon current plans, estimates and expectations of management of Urgently in light of historical results and trends, current conditions and potential future developments, and are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Forward-looking terms such as “may,” “will,” “could,” “should,” “would,” “plan,” “potential,” “intend,” “anticipate,” “project,” “predict,” “target,” “believe,” “continue,” “estimate” or “expect” or the negative of these words or other words, terms and phrases of similar nature are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. All statements, other than historical facts, including, without limitation, statements regarding Urgently’s customer partner contract renewal, are based on the current assumptions of Urgently’s management and are neither promises nor guarantees, but involve a significant number of factors that may cause our actual performance or achievements to be materially different from any future performance or achievements stated or implied by the forward-looking statements. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties detailed in our filings with the Securities and Exchange Commission (“SEC”), including in our annual report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on March 29, 202, our quarterly reports on Form 10-Q, including our quarterly report on Form 10-Q for the quarter ended June 30, 2024, which was filed with the SEC on August 13, 2024, and other filings and reports that we may file from time to time with the SEC. All forward-looking statements reflect Urgently’s beliefs and assumptions only as of the date of this press release. Urgently undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

    Contacts:
    For Press: media@geturgently.com
    For Investors: investorrelations@geturgently.com

    The MIL Network –

  • MIL-OSI: SADA launches Managed SecOps powered by Google Security Operations

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Oct. 08, 2024 (GLOBE NEWSWIRE) — SADA (an Insight company), a leading business and technology consultancy and award-winning Google Cloud Premier Partner across various products and engagement models, announces the launch of its Managed Security Operations (SecOps) services, available Oct. 8, 2024.

    This comprehensive offering provides organizations with a fully managed, 24/7 security solution leveraging the power of Google Security Operations (formerly Chronicle). SADA’s Managed SecOps empowers businesses to achieve:

    • Enhanced Threat Detection and Rapid Response: Identify and neutralize threats with Google Cloud’s industry-leading, intelligence-driven, and AI-powered security analytics and automation capabilities.
    • Cost-Effective Security Operations: Reduce the burden on internal resources and eliminate the need for expensive in-house Security Operation Center (SOC) infrastructure.
    • Improved Security Detection: Gain deeper visibility and continuous monitoring across your entire IT environment, from cloud and SaaS to on-premises.

    Addressing the Security Operations Challenge

    Today’s organizations grapple with a constant barrage of security data and alerts, often lacking the skills and expertise to manage them effectively. Traditional security information and event management (SIEM) and security orchestration, automation, and response (SOAR) solutions continue to increase in complexity, along with the threats they are trying to defend against. As a result, SOC management is resource-intensive, leaving security teams overwhelmed and unable to maintain 24/7 monitoring.

    Building and maintaining an in-house SOC is costly and requires advanced security solutions and analyst resources. There is a growing opportunity for security engineering teams to leverage AI to optimize their operations and tackle the challenges of increasing workloads; however, understanding how to best utilize these tools requires significant investment and technical knowledge.

    “The ever-expanding threat landscape requires organizations to adopt advanced security solutions with continuous monitoring and rapid response capabilities,” said Rocky Giglio, Global Director of Security GTM at SADA. “Our Managed SecOps service leverages the power of Google Cloud and its proven ability to handle massive amounts of data and its Security Operations platform, combined with SADA’s global team of experienced security analysts to deliver comprehensive protection and peace of mind to our customers.”

    SADA’s Managed SecOps addresses these challenges directly by providing:

    • Top Experts in Google Security Operations:
      SADA’s Google Cloud-certified experts leverage the advanced threat detection and automation capabilities of Google Security Operations to deliver comprehensive security monitoring.
    • Continuous Threat Monitoring and Response:
      SADA’s security operations center, staffed by highly trained analysts, provides 24/7 monitoring and rapid response to security incidents, including both external and insider threats.
    • Reduced Alert Fatigue:
      SADA’s security teams filter out noise and prioritize high-risk threats, enabling customer technical staff to focus on the most critical issues with a high-touch ticket portal providing quick remediation handoff.
    • Improved Threat Investigation:
      Leveraging our expertise and Google Cloud’s advanced analytics, SADA can perform threat hunts and investigate complex threats quickly and efficiently, powered by Mandiant Intelligence.
    • Enhanced Security Posture:
      SADA’s Managed SecOps helps customers maintain a strong security posture by supporting customers’ regulatory compliance and data security, including receiving an annual Security Assessment to check up on their security configuration across their IT environment.
    • AI Augmentation:
      SADA’s Managed Security Team can act quickly and effectively with the help of Google Security Operations’ AI capabilities to build and enhance Security Operation workflows in ways that legacy Managed Security Service Providers cannot, such as rapid, tailored query creation or custom playbook automation development.

    About SADA, An Insight company
    SADA, An Insight company, is a market leader in professional services and an award-winning solutions provider of Google Cloud. Since 2000, SADA has been committed to helping customers in healthcare, media, entertainment, retail, manufacturing, and the public sector solve their most complex challenges so they can focus on achieving their boldest ambitions. With offices in North America, India, and Armenia providing sales and customer support teams, SADA is positioned to meet customers where they are in their digital transformation journey. SADA is a 7x Google Cloud Partner of the Year award winner with 10 Google Cloud Specializations and has been named to Inc. Magazine’s Best Workplaces four years in a row. Learn more at http://www.sada.com

    Media Contact
    Stephanie Krivacek
    press@sada.com

    The MIL Network –

  • MIL-OSI: Apollo to Announce Third Quarter 2024 Financial Results on November 5, 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) plans to release financial results for the third quarter 2024 on Tuesday, November 5, 2024, before the opening of trading on the New York Stock Exchange. Management will review Apollo’s financial results at 8:30 am ET via public webcast available on Apollo’s Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.

    Apollo distributes its earnings releases via its website and email lists. Those interested in receiving firm updates by email can sign up for them here.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit http://www.apollo.com.

    Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI: Need for Vehicle Affordability Becoming More Pronounced, According to New CarGurus Report

    Source: GlobeNewswire (MIL-OSI)

    Analysis of third quarter trends also highlights hybrid demand overtaking electric vehicles, the ongoing balance between new car inventory and sales, and more

    BOSTON, Oct. 08, 2024 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its Quarterly Review for Q3 2024, identifying areas of opportunity as the consumer need for affordability becomes more pronounced.

    “As we near the end of 2024, it’s clear that consumers are speaking loudly with their wallets. After years of post-pandemic revenge spending, consumers are becoming more prudent as they face economic uncertainty, still-high interest rates, and vehicle prices that remain elevated,” said Kevin Roberts, Director of Economic and Market Intelligence at CarGurus. “As a result, we’re seeing concentrated demand for more affordable cars, with sales of certain price segments—$20,000 to $30,000 for new and $15,000 to $20,000 for used—accounting for the greatest share of annual sales growth, 43% and 59% respectively.”

    According to CarGurus data, the shift is especially pronounced in the used market, with vehicles $30,000 and under driving year-over-year sales growth, while cars over $30,000 declined. Further reflecting this trend, used cars over $35,000 are remaining on dealer lots longer compared to more affordable options.

    Additional highlights from the report include:

    • Hybrids are having the year many expected for electric vehicles (EVs): There were big expectations for EV demand in 2024, but hybrids have taken the spotlight with more affordable pricing and fewer concerns around range and charging. Year-to-date, new hybrids accounted for nearly 11% of total retail sales, while EVs were 4% (excluding direct-to-consumer sales volumes). New hybrid retail sales volumes are up nearly 44% year-over-year.
    • New car inventory working to find equilibrium with demand: As automakers try to balance new inventory with demand, a larger share of aging new cars remain on dealer lots. At the end of September, about 58,000 new listings nationwide were two years or older (a nearly 58% increase compared to pre-Covid averages). With 2025 models rolling onto lots, the surplus of these new, but slightly older, models could present an opportunity for price-conscious shoppers.
    • The upcoming election could impact new and used sales demand: In analyzing vehicle sales from 2002 onward—and comparing the seasonality of non-presidential election years to presidential election years—presidential election years tend to see a decline in sales demand in August, October, and November before rebounding at year-end.
    • Immediate impact of interest rate cuts might be muted: While interest rate reductions are a welcome update, the September cuts will do little to improve near-term affordability concerns. Because auto rates tend to follow two- and five-year treasury rates as opposed to the short-term Federal Funds Rate, consumers will not immediately see significant declines. Additionally, with auto loan delinquencies rising, financial institutions may be more hesitant to lend credit or quickly lower rates.

    To read about these trends and more, the complete Quarterly Review for Q3 2024 is available here.

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S.1

    CarGurus also operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. In the United States and the United Kingdom, CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.

    To learn more about CarGurus, visit http://www.cargurus.com, and for more information about CarOffer, visit http://www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

    1Similarweb: Traffic Insights (Cars.com, Autotrader.com, TrueCar.com), Q2 2024, U.S.

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    Investor Contact:
    Kirndeep Singh
    Vice President, Investor Relations
    investors@cargurus.com

    The MIL Network –

  • MIL-OSI: iLearningEngines Aims to Serve European Insurtech Market with Enterprise AI Platform and Knowledge Cloud

    Source: GlobeNewswire (MIL-OSI)

    BETHESDA, Md., Oct. 08, 2024 (GLOBE NEWSWIRE) — iLearningEngines, Inc. (Nasdaq: AILE) (“iLearningEngines” or “the Company”), a leader in AI-powered learning and work automation, today announced the launch of its Insurtech Enterprise AI Knowledge Cloud and hyper apps aiming to serve the European Insurtech industry. iLearningEngines aims to help private insurers and their industry associations adopt and scale their AI projects, particularly where telematics application development can be accelerated and hyper-automated. This will be achieved by leveraging Generative AI partners such as Genlab Venture Studio, a founding member of CoSAI (Coalition for Safe AI), and global cloud service providers, global systems integrators, assurance and audit partners.

    The decision to serve the European Insurtech market builds on the capabilities of the ILE’s Telematics Hyper-App, a cloud marketplace application that is now a cornerstone of the ILE Hyper-App portfolio. The company aims to introduce ILE’s Knowledge Cloud service to insurers across Denmark, Sweden, Switzerland, The Netherlands, and the UK – markets known for their mature digital ecosystems.

    Harish Chidambaran, CEO of iLearningEngines, commented: “The European Insurtech industry can now leverage iLearningEngines’ expertise in hyper-automation, AIOps, and AI model development to drive innovation and operational efficiency. Our AI solutions, which include telematics for industrial fleets and claims automation, can help insurers fast-track their digital transformation and deliver enhanced value to their customers.”

    Balakrishnan Arackal, President of iLearningEngines, added: “We are excited to formally introduce the iLearningEngines offering to Europe. Our strong digital transformation team, led by experts from leading tech companies, combined with our AI platform and marketplace partnerships, positions us uniquely to accelerate the hyper-automation journey of Europe’s top insurers.”

    About iLearningEngines

    iLearningEngines (Nasdaq: AILE) is a leading Applied AI platform for learning and work automation. iLearningEngines enables Enterprises to rapidly productize and deploy a wide range of AI applications and use cases (AI Engines) at scale. 

    iLearningEngines is powered by proprietary vertical specific AI models and data with a flexible No Code AI canvas to drive rapid out-of-the-box deployment while offering low latency and high levels of data security and compliance. Serving over 1,000 enterprise end customers, iLearningEngines is deployed globally into some of the most demanding vertical markets including Healthcare, Education, Insurance, Retail, Energy, Manufacturing and Public Sector to achieve mission critical outcomes.

    For more information about iLearningEngines, please visit: http://www.ilearningengines.com.

    About GenLab Venture Studio

    GenLab Studio is a venture studio focused on business models that leverage the impact, application, and growth of generative AI. By focusing on solid design principles and engaging a diverse community, GenLab Studio aims to create groundbreaking products that help build a more robust AI ecosystem. GenLab is also a founding sponsor of CoSAI.

    For more information about GenLab Studio, please visit: https://genlab.studio/.

    Forward-Looking Statements

    Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995 with respect to the Business Combination. Forward looking statements generally are accompanied by words such as “believe,” “may,” “will, “estimate,” “continue,” “anticipate,” “intend”, “expect”, “should”, “would”, “plan”, “predict”, “potential”, “seem”, “seek”, “future”, “outlook”, the negative forms of these words and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the ability of iLearningEngines to help private insurers and their industry associations adopt and scale their AI projects and hyper-automate and scale their AI DevSecOps best practices; the ability of iLearningEngines’ and GenLab Ventures’ alliance to help to scale model development, AIOps, governance, risk management, and compliance; the potential benefits that iLearningEngines’ digital transformation expertise can provide to private European insurers and their industry association partners, including their ability to accelerate their most critical transformation initiatives, particularly in telematics for global industrial fleets, asset management and claims automation; iLearningEngines’ ability to help the European Insurtech industry achieve operational excellence across the region; and iLearningEngines’ ability to address market opportunities across artificial intelligence. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the iLearningEngines’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions this press release relies on. Many actual events and circumstances are beyond the control of iLearningEngines. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the outcome and findings of the ongoing special committee investigation of allegations raised by a recent short-seller report; iLearningEngines’ failure to realize the anticipated benefits of its recently completed business combination with Arrowroot Acquisition Corp.; risks related to the rollout of iLearningEngines’ business and the timing of expected business milestones; iLearningEngines’ dependence on a limited number of customers and partners; iLearningEngines’ ability to obtain sufficient financing to pay its expenses incurred in connection with the closing of the business combination; the ability of iLearningEngines to issue equity or equity-linked securities or obtain debt financing in the future; risks related to iLearningEngines’ need for substantial additional financing to implement its operating plans, which financing it may be unable to obtain, or unable to obtain on acceptable terms; iLearningEngines’ ability to maintain the listing of its securities on Nasdaq or another national securities exchange; the risk that the business combination disrupts current plans and operations of iLearningEngines; the effects of competition on iLearningEngines’ future business and the ability of iLearningEngines to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; risks related to political and macroeconomic uncertainty; the outcome of any legal proceedings that may be instituted against iLearningEngines or any of their respective directors or officers, including litigation related to the business combination; the impact of the global COVID-19 pandemic on any of the foregoing risks; and those risks and uncertainties identified in the “Risk Factors” sections of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed with the U.S. Securities and Exchange Commission on August 13, 2024, and its other subsequent filings with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that iLearningEngines does not presently know, or that iLearningEngines does not currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect iLearningEngines’ expectations, plans, or forecasts of future events and views as of the date of this communication. iLearningEngines anticipates that subsequent events and developments will cause iLearningEngines’ assessments to change. However, while iLearningEngines may elect to update these forward-looking statements at some point in the future, iLearningEngines specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing iLearningEngines’ assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

    For iLearningEngines Investors:
    iLearningEngines, investors@ilearningengines.com
    Kevin Hunt, iLearningEnginesIR@icrinc.com

    For iLearningEngines PR:
    Dan Brennan, ICR Inc., iLearningPR@icrinc.com

    The MIL Network –

  • MIL-OSI: Baffle Named a Winner in The 2024 A.I. Awards

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Baffle, the easiest way to protect sensitive data, has been announced as a winner in The 2024 A.I. Awards program, in the Best Use of AI in Cybersecurity category.  

    A new awards program launched earlier this year by established cloud computing awards body The Cloud Awards, The A.I. Awards recognizes and rewards excellence and innovation in the use or development of cloud artificial intelligence technologies, and machine learning.

    Baffle has made significant advancements to the product in the last year adding the the ability to secure data used for GenAI pipelines, stored on Amazon S3, and processed in PostgreSQL on Amazon RDS and Aurora, as well as the ability to cryptographically isolate and segregate data stored by multi-tenant applications on AWS. Earlier this year, Baffle was recognized by Inc. Magazine as one of the pacific region’s fastest-growing private companies, and honored with global cloud computing Stratus Award.

    “We are honored to be recognized by the 2024 A.I. awards. As the use of AI has skyrocketed in recent years, so has the volume of data organizations use as part of their AI strategy. It’s more critical than ever that the data processed by AI tools is protected as soon as it is ingested in the data pipeline. That’s where Baffle comes in,” said Ameesh Divatia, co-founder and CEO of Baffle. “I am excited to help our customers on their Gen AI journey by leveraging our innovative data-centric protection solutions for structured and unstructured data stores.”

    “There has been great anticipation leading up to the launch of the new A.I. Awards program, and the winners selected by our judging panel have not disappointed. We’ve been excited and inspired by the quality of innovations on show throughout the program, and we’re delighted to reveal 2024’s winners,” said James Williams, CEO of The Cloud Awards. “All of our winners have shown a remarkable level of ingenuity and dedication towards harnessing cloud AI to improve processes and outcomes for organizations across the world. Baffle fully embodies these attributes and are a worthy winner. We congratulate both them, and the other winners, and are excited to see what new innovations are in store for 2025 and beyond.” 

    The 2024 program featured a wide range of categories and received entries from organizations of all sizes worldwide, including North America, across Europe, the Middle East, and APAC.

    The program will return to welcome new submissions in Summer 2025, to continue recognizing excellence in Cloud AI solutions. The full list of winners across all categories can be viewed here: https://www.cloud-awards.com/2024-ai-awards-winners

    To learn more about Baffle, please visit: https://baffle.io/.

    About Baffle
    Baffle is the easiest way to protect sensitive data. We are the only security platform that cryptographically protects the data itself as it’s created, used, and shared across cloud-native data stores that feed analytics, applications, and AI. Baffle’s no-code solution masks, tokenizes, and encrypts data without application changes or impacting the user experience. With Baffle, enterprises easily meet compliance controls and security mandates and reduce the effort and cost of protecting sensitive information to eliminate the impact of data breaches. Investors include Celesta Venture Capital, National Grid Partners, Lytical Ventures, Nepenthe Capital, True Ventures, Greenspring Associates, Clearvision Ventures, Engineering Capital, Triphammer Venture, ServiceNow Ventures [NYSE: NOW], Thomvest Ventures, and Industry Ventures.

    Follow Baffle on LinkedIn.

    Contact:
    Stephanie Schlegel
    Offleash PR
    baffle@offleashpr.com

    The MIL Network –

  • MIL-OSI: Jeff Cohen Joins Guggenheim Securities to Expand Consumer & Retail Investment Banking

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) — Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Jeff Cohen has joined the firm as a Senior Managing Director. Mr. Cohen brings more than 30 years of investment banking experience to Guggenheim, where he joins the firm’s Consumer & Retail investment banking practice.

    Mr. Cohen most recently served as a Senior Advisor at UBS in the Retail Investment Banking group. Prior to his time at UBS, Mr. Cohen served as Vice Chairman of the Global Retail Investment Banking group at Credit Suisse. He previously held the position of Global Head of Retail Investment Banking at Lazard, UBS, and Wasserstein Perella/Dresdner Kleinwort Wasserstein. Mr. Cohen began his career as an attorney at Cravath, Swaine & Moore.

    “We are excited to welcome Jeff to Guggenheim,” said Mark Van Lith, CEO of Guggenheim Securities. “Jeff is a longstanding advisor to some the largest and most influential retail companies globally. His impressive track-record of industry-transforming transactions and deep sector expertise will enhance our ability to deliver world-class solutions to our clients. We look forward to his contributions to the firm.”

    Mr. Cohen earned his B.A. and B.S. in economics (Wharton School) from the University of Pennsylvania and his J.D. from Harvard Law School.

    About Guggenheim Securities

    Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Atlanta, Boston, Chicago, Houston, London, Menlo Park, and San Francisco. For more information, please visit GuggenheimSecurities.com, follow us on LinkedIn or contact us at GSinfo@GuggenheimPartners.com or 212.518.9200.

    About Guggenheim Partners

    Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients. Learn more at GuggenheimPartners.com, and follow us on LinkedIn and Twitter @GuggenheimPtnrs.

    Media Contact

    Steven Lee
    Guggenheim Securities
    212.293.2811
    Steven.Lee@guggenheimpartners.com

    The MIL Network –

  • MIL-OSI: Euronext announces volumes for September 2024

    Source: GlobeNewswire (MIL-OSI)

    Contacts Media Contact Investor Relations
    Amsterdam +31 20 721 4133 Brussels +32 2 620 15 50 +33 1 70 48 24 17
    Dublin +39 02 72 42 62 13 Lisbon +351 91 777 68 97  
    Milan +39 02 72 42 67 56 Oslo +47 41 69 59 10  
    Paris +33 1 70 48 24 45      

    Euronext announces volumes for September 2024

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 7 October 2024 – Euronext, the leading pan-European market infrastructure, today announced trading volumes for September 2024.

    Monthly and historical volume tables are available at this address:

    https://euronext.com/investor-relations#monthly-volumes

    CONTACTS

    About Euronext
    Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end of September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs. For the latest news, go to euronext.com or follow us on Twitter (twitter.com/euronext) and LinkedIn (https://www.linkedin.com/company/euronext)

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at http://www.euronext.com/terms-use.

    © 2024, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: http://www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: http://www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

    Attachment

    The MIL Network –

  • MIL-OSI: Jeff Cohen Joins Guggenheim Securities to Expand Consumer & Retail Investment Banking

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) — Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Jeff Cohen has joined the firm as a Senior Managing Director. Mr. Cohen brings more than 30 years of investment banking experience to Guggenheim, where he joins the firm’s Consumer & Retail investment banking practice.

    Mr. Cohen most recently served as a Senior Advisor at UBS in the Retail Investment Banking group. Prior to his time at UBS, Mr. Cohen served as Vice Chairman of the Global Retail Investment Banking group at Credit Suisse. He previously held the position of Global Head of Retail Investment Banking at Lazard, UBS, and Wasserstein Perella/Dresdner Kleinwort Wasserstein. Mr. Cohen began his career as an attorney at Cravath, Swaine & Moore.

    “We are excited to welcome Jeff to Guggenheim,” said Mark Van Lith, CEO of Guggenheim Securities. “Jeff is a longstanding advisor to some the largest and most influential retail companies globally. His impressive track-record of industry-transforming transactions and deep sector expertise will enhance our ability to deliver world-class solutions to our clients. We look forward to his contributions to the firm.”

    Mr. Cohen earned his B.A. and B.S. in economics (Wharton School) from the University of Pennsylvania and his J.D. from Harvard Law School.

    About Guggenheim Securities

    Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Atlanta, Boston, Chicago, Houston, London, Menlo Park, and San Francisco. For more information, please visit GuggenheimSecurities.com, follow us on LinkedIn or contact us at GSinfo@GuggenheimPartners.com or 212.518.9200.

    About Guggenheim Partners

    Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients. Learn more at GuggenheimPartners.com, and follow us on LinkedIn and Twitter @GuggenheimPtnrs.

    Media Contact

    Steven Lee
    Guggenheim Securities
    212.293.2811
    Steven.Lee@guggenheimpartners.com

    The MIL Network –

  • MIL-OSI Security: Owner of Massachusetts Cellular Phone Tower Installation and Repair Business Pleads Guilty to Employment Tax Crimes

    Source: United States Attorneys General

    A Massachusetts man pleaded guilty on Friday to willful failure to collect, account for and pay over any payroll taxes owed by businesses he owned and controlled.

    According to court documents, Kenneth Marston, of Kingston, was the owner and operator of Bowmar Steel Industries Inc., a steel fabrication company, and Teleconstructors Inc., which provided installation services on cellular phone towers. Marston was responsible for withholding Social Security, Medicare and income taxes from his employees’ paychecks and paying those funds over to the IRS.

    However, from approximately March 2015 through December 2018, Marston caused Bowmar Steel and Teleconstructors to not withhold taxes or pay them to the IRS on approximately $3.8 million in wages.

    In total, Kenneth Marston caused a tax loss to the IRS of between $550,000 and $1.5 million.

    Marston is scheduled to be sentenced on Jan. 3. He faces a maximum penalty of five years in prison. He also faces a period of supervised release, restitution and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

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

    IRS Criminal Investigation is investigating the case.

    Trial Attorney Mark McDonald of the Tax Division and Assistant U.S. Attorney James R. Drabick for the District of Massachusetts are prosecuting the case.

    MIL Security OSI –

  • MIL-OSI USA: ICYMI: NJBiz’s Matthew Fazelpoor on How the Murphy Administration Nurtures the ‘Innovation Economy’

    Source: US State of New Jersey

    https://njbiz.com/deploying-dollars-how-the-state-nurtures-the-innovation-economy/
     

    A number of Strategic Innovation Centers are designed to support R&D, innovation or entrepreneurship

    One of the recurring themes throughout Gov. Phil Murphy’s time in office has been an emphasis on building out what he calls the innovation economy with programs overseen by the New Jersey Economic Development Authority. At the core of that strategy has been a focus on assembling public-private partners from industry, academia and other stakeholders to collaborate and help catalyze economic growth.

    That effort has taken shape in a number of Strategic Innovation Centers, facilities that either directly support research and development, innovation or entrepreneurship. They can also help solve specific problems in new and innovative ways through a combination of services such as mentorship, networking opportunities, hands-on training, business support services, education opportunities and/or access to testing, fabrication, or manufacturing facilities and equipment.

    According to the NJEDA, the SICs can be accelerators, incubators or research centers – stressing that having a physical location where entrepreneurs can collaborate will help support new, diverse innovators as well as help drive long-term economic growth.

    A June report analyzed the impact of innovation centers and incubators, finding that the New Jersey BioScience Center Incubator – the largest incubator in the state dedicated to life sciences and biotechnology companies – supported companies that created an average of 2,744 jobs per year. In 2023, resident companies generated $32 million in state and local tax revenue.

    Situated on Route 1, that North Brunswick incubator is part of the 50-acre research park known as the New Jersey Bioscience Center, offering lab space and much more. “Located alongside New Jersey’s Route 1 Research Corridor, the Incubator at the New Jersey Bioscience Center leverages it close proximity to leading universities and corporations to attract, retain, and grow companies of the future that fuel our highly talented workforce,” said NJEDA Chief Executive Officer Tim Sullivan. “Since taking office, Gov. Phil Murphy has been committed to creating resources for biotech startups to help bring life-saving products to market, and further New Jersey’s legacy as a leader in innovation, especially within the life sciences sector.”

    “The BCI is one of many ways the NJEDA is supporting biotech and life sciences businesses and startups by providing them with the space and resources to grow their companies, while encouraging collaboration among like-minded entrepreneurs,” said NJEDA Chief Economic Transformation Officer Kathleen Coviello. “This report shows that New Jersey has what it takes to remain at the forefront of innovation.”

    Some examples of recent and impending SICs NJEDA has partnered or invested in include HAX, a Newark hard tech startup accelerator; the New Jersey Health & Life Science Exchange (HELIX) in New Brunswick; the NJ Fintech Accelerator at Stevens Institute of Technology (NJ FAST) in Hoboken; SciTech Scity on the Liberty Science campus in Jersey City; and the recently announced Aerospace Innovation Center in Egg Harbor Township.

    ‘We’ve got a lot to do’

    NJBIZ recently spoke with Coviello, who joined the agency in 2005 and is central to the state’s innovation economy efforts and ambitions. “Usually, a governor this late in his term, we start to soften the pace a little bit,” she said. “But that’s not the case here. It’s rush, rush – we’ve got a lot to do, before the end of the term.”

    Coviello noted that she has worked under several different administrations, stressing that there is a lot happening at NJEDA in a number of sectors — from the broader innovation efforts to clean energy/offshore wind, manufacturing, film and television, tech, life sciences and more.

    “The organization has put together tremendous toolkits – when you look at each of these segments of the economy that we are supporting, in response to really what we’ve heard from the market,” she explained. “I think, in general, most of what we’ve done has been really well-received. And, if and when needed, we’ll go back and tweak it and get it right. So, yeah, lots of activity.”

    Through the first six months of the year, New Jersey hit a major milestone in the innovation/startup space with a $9.8 billion investment in venture capital money, ranking as the No. 3 state in the nation during that stretch, according to PitchBook.

    “Timing is right for New Jersey. Some of the major hubs that you think of for innovation are struggling a bit more,” said Coviello. “We’ve got the talent. Certainly, when we talk about those Strategic Innovation Centers, we have the locations. When we think about life science, a lot is location-based. Particularly, we saw it during COVID and coming out of COVID. You can’t do genome predicting and drug discovery in your basement. So having all that lab space and all the talent in New Jersey is critical to that industry. We’re seeing it in film as a new resurgence of another innovation economy in the State of New Jersey. I think that the data around venture capital in New Jersey shows that we’re a good value for investors.”

    She said that some of the markets, such as the West Coast, Boston and New York, have “very frothy” deal terms that are overpriced. “But what we find traditionally in New Jersey is you get good value for your investment,” said Coviello. “And we have a lot of investors starting to see that. Of course, the Evergreen Fund, has attracted a lot of national attention. We have investors from California, New York. We just approved an investor from Mexico. Folks are saying – this is a tremendous opportunity to partner with the state and put more capital to work in New Jersey. The Angel Investor Tax Credit program continues to break all kinds of records. Lots and lots of great things going on anywhere you look in the state.”

    Growing life science companies

    Discussing the SICs, Coviello cited the Bioscience Center Incubator, which she described as the NJEDA’s first SCI – before that term was coined – and almost a proof of concept for the current efforts and projects.

    Since 2002, BCI companies have generated over $9 billion in total output and $4 billion in total labor income in the state, according to the recent study. “We’ve had the ability to really prove it out. And that facility came about because the life science industry in the state couldn’t invest in real estate,” she explained. “What I think we’ve proven out there – is the collision that happens when you bring like-minded, innovation-focused, smart people under one roof is really important.

    “We kind of took that and said – that’s a great anchor in the state to point to of where and how we grow life science companies in the state,” said Coviello.

    She reflected on when Murphy first ran for governor and noted that the state sits between two major metropolitan areas. “It’s the great thing about New Jersey – you have access to New York and the investors, and you have access to Philadelphia and D.C.,” she recounted. “But sometimes we get carved out as suburbs of those locations. And if we want to have our own identity, we need to put these pins in a map where we point to: This is where innovation happens in this part of our economy. What we have found as we have built these out is we really want to make sure we have an academic partner, a corporate partner and we have government. So, it’s all about this public-private partnership. And then part of the sauce, as well, is bringing in an activator – someone who’s going to pull all these pieces together; make sure that folks aren’t working in silos; make sure that there is collaboration.”

    Each of the SICs takes on their own identity, Coviello emphasized. “We’ve been very mindful about making sure we play to the strengths of that region,” she added.

    Coviello stressed there has been a deliberate process and focus behind the SICs and their different components and partners. “And that’s the only way it’s going to work. Each one has a very unique structure,” she explained. “Each one has very unique purposely articulated and curated partners – each one has a different focus.”

    Partners on these ventures include heavy hitters such as Nokia Bell Labs, Rutgers University, Hackensack Meridian Health, DEVCO, Plug and Play, Prudential Financial, Stevens, SOSV, RWJBarnabas Health, Bristol Myers Squibb, EY, Sheba Medical Center and others.

    She spoke about the power of partnerships – especially for ventures and initiatives such as these.

    “First off, we don’t have big enough pockets in government to do it alone – and it just wouldn’t be smart to do it alone,” said Coviello. “We don’t do everything. And adding that value in experience of the private sector is critical.”

    Recently, the first phase of HELIX reached a milestone with a topping off ceremony and NJ FAST held a launch event.

    As for other areas of emphasis and focus for Coviello and NJEDA, she pointed to life sciences continuing to be one of the leading sectors as well as technology, especially with Bell Labs at HELIX, and the resurgence of manufacturing. “I think the sky’s the limit. But again, playing to our strengths – fintech, aviation, life sciences, manufacturing,” she said. “And you’ll certainly hear announcements in the next six months about a few more of these centers. We’ve got, I think, 15 months left in the Murphy administration. The total funding pool for innovation centers was $250 million with all of the different appropriations over the years.”

    “We’re working hard to deploy all those dollars.”

    MIL OSI USA News –

  • MIL-OSI USA: Owner of Massachusetts Cellular Phone Tower Installation and Repair Business Pleads Guilty to Employment Tax Crimes

    Source: US State Government of Utah

    A Massachusetts man pleaded guilty on Friday to willful failure to collect, account for and pay over any payroll taxes owed by businesses he owned and controlled.

    According to court documents, Kenneth Marston, of Kingston, was the owner and operator of Bowmar Steel Industries Inc., a steel fabrication company, and Teleconstructors Inc., which provided installation services on cellular phone towers. Marston was responsible for withholding Social Security, Medicare and income taxes from his employees’ paychecks and paying those funds over to the IRS.

    However, from approximately March 2015 through December 2018, Marston caused Bowmar Steel and Teleconstructors to not withhold taxes or pay them to the IRS on approximately $3.8 million in wages.

    In total, Kenneth Marston caused a tax loss to the IRS of between $550,000 and $1.5 million.

    Marston is scheduled to be sentenced on Jan. 3. He faces a maximum penalty of five years in prison. He also faces a period of supervised release, restitution and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

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

    IRS Criminal Investigation is investigating the case.

    Trial Attorney Mark McDonald of the Tax Division and Assistant U.S. Attorney James R. Drabick for the District of Massachusetts are prosecuting the case.

    MIL OSI USA News –

  • MIL-OSI Security: FBI Atlanta Warns Public of Disaster Scams

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    The FBI and the National Center for Disaster Fraud (NCDF) remind the public that there is a increased risk for disaster fraud following Hurricane Helene. There have been reports of scammers claiming to work for contractors and insurance companies targeting Hurricane Helene recovery efforts. Suspected fraudulent activity should be reported to the toll-free NCDF hotline at (866) 720-5721. The hotline is staffed by a live operator 24 hours a day, seven days a week.

    The Federal Emergency Management Agency reminds those in the disaster zone officials with government disaster assistance agencies do not ask for financial information, and there is no fee required to apply for assistance. If you have Internet access, you can go to fema.gov to apply for assistance directly.

    Here are some tips on how to avoid becoming a victim of disaster fraud:

    • Scammers may go door to door to target residents in areas affected by hurricanes. They may also call, text, or e-mail with promises to quickly provide aid. Do not give out personal information without confirming the legitimacy of the person contacting you.
    • Government workers are required to carry official identification and show it if requested. Closely scrutinize any ID you see and call the agency directly to confirm a worker’s identity if you are unsure.
    • Do your homework when it comes to donations. Research charity reviews online, state regulators of charities, and charity reports and ratings via the Better Business Bureau.
    • Never make charitable donations by gift card or wire transfer. Credit cards are safer.
    • Don’t believe your caller ID. Scammers often spoof agency phone numbers. It is always best to research the organization’s telephone number and call directly to verify. Do not be pressured or rushed to donate. If so, it may be a scam.
    • Do not click on links from sources you don’t know. These could be attempts to download viruses onto your computer or cell phone. Manually type out links instead of clicking on them.

    If you think you are a victim of disaster or charity fraud, report it to the National Center for Disaster Fraud at 1-866-720-5721 or online at justice.gov/DisasterComplaintForm

    MIL Security OSI –

  • MIL-OSI Canada: Investing in affordable housing and the future

    Source: Government of Canada regional news

    Alberta’s government is committed to the safety, security, health and well-being of Albertans living in affordable housing. Through the Capital Maintenance and Renewal Program, the province is working to repair affordable housing units that require renovation and preventative maintenance. This program also prioritizes suite renewals to ensure housing units are available for Albertans in need of housing as quickly as possible.

    Through Budget 2024, the government is investing nearly $121 million over three years to maintain and repair government-owned and supported housing units across Alberta, supporting about 4,250 units in 2024-25. This funding goes toward repairing units through projects like replacing windows, repairing roofs and improving interior environments to help bring units up to date and ensure they can continue to be used for years to come.

    “The Capital Maintenance and Renewal Program is a critical part of keeping government-owned housing units safe and up to date. Like all homes, these buildings need repairs as they age to keep them in good condition and able to continue operating as affordable housing for Albertans. A maintenance strategy will help government work with housing operators to ensure we are making the right repairs at the right time.”

    Jason Nixon, Minister of Seniors, Community and Social Services

    “Lethbridge Housing Authority is grateful for the Government’s of Alberta’s continued commitment to prioritizing preventative and ongoing maintenance. By reviewing processes and ensuring units can be available in a timely manner, we are able to offer homes that are affordable and well maintained to Albertans in need.”

    Robin James, chief administrative officer, Lethbridge Housing Authority

    Improvements made by Alberta’s government in 2023-24 resulted in more competitive pricing and faster turnaround times of vacant suites, reducing from three months to 33 days. Alberta is also continuing to work with housing providers to implement building condition assessments for government housing assets, ensure priority projects receive funding, provide training, and improve internal processes and data collection.

    Investing in the future

    Alberta’s 10-year affordable housing plan, Stronger Foundations, recommended the creation of a long-term maintenance strategy to help ensure existing government-owned assets continue to provide suitable housing that meets the needs of the community and make effective use of taxpayer dollars.

    In 2022-23, Alberta’s government undertook an external review of the Capital Maintenance and Renewal Program to ensure government-owned affordable housing remains safe and identify ways to further improve the program. A summary of the review’s recommendations can be found online. Alberta’s government will continue to implement these recommendations.

    To help continue this work, the government is now issuing a request for proposal to help improve the program with a future-focused maintenance strategy. This strategy will be based on engagement with housing providers and operators to ensure that the maximum longevity and availability of housing units. The request for proposals is open from Oct. 7 to Nov. 4.

    Quick facts:

    • Budget 2024 provides over $40 million in Capital Maintenance and Renewal Funding in 2024-25 to preserve existing affordable housing.
    • Examples of projects include:
      • Repairing and replacing roofs;
      • Upgrading windows and building systems to improve energy efficiency;
      • Upgrading and modernizing elevators in seniors apartment buildings;
      • Replacing or upgrading furnaces, boilers, ventilation and hot water systems; and
      • Suite renewals.
    • Since 2019, Alberta’s government has invested almost $850 million to build more than 5,100 affordable units and close to 900 shelter spaces. This includes projects government has committed to, that are in progress and that are complete.

    Related information

    • Request for Proposal
    • Review recommendations summary

    MIL OSI Canada News –

  • MIL-OSI USA: Warren, Healey, Massachusetts Leaders Move Forward on $350 million for Cape Cod Bridges Construction

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    October 07, 2024
    Transfer of $350 million in federal funding secured by lawmakers to FHWA moves MassDOT further toward replacing the Sagamore Bridge
    Boston, MA – Continuing the momentum on replacing the Cape Cod Bridges, the Healey-Driscoll Administration signed a new Memorandum of Agreement (MOA) with the U.S. Department of the Army and the Federal Highway Administration (FHWA) to move forward on rebuilding the Sagamore Bridge. Senator Warren has led efforts to secure these funds for the Bourne and Sagamore Bridges, pressing the federal government to take action to replace these crucial pieces of infrastructure. 
    Under the agreement, the USACE will transfer $350 million in federal funding secured through the 2024 appropriations bills to the Federal Highway Administration. The FHWA Eastern Federal Lands Division will use the funds to construct a portion of the new Sagamore Bridge as part of MassDOT’s overall replacement project.
    The Sagamore Bridge is vital infrastructure supporting the economy of Cape Cod and surrounding communities and ensuring safe and reliable travel for residents, workers, and millions of annual visitors. The new MOA will help to further the current plan to begin construction on the Cape. The Sagamore Project is Phase 1 of the Cape Cod Bridges Program, rebuilding both the Sagamore and the Bourne Bridges while also making investments in other transportation infrastructure along the Cape Cod Canal and expanding travel options.  
    “We’re one step closer to replacing the Cape Cod Bridges—a decades-overdue project that will lift up the entire region,” said Senator Warren. “An investment this big is made possible only by teamwork, and it’s thanks to our strong federal, state, and local partnership that we were able to secure over $2 billion for the bridges. I’ll keep working closely with Senator Markey, Representative Keating, Governor Healey, and the delegation to get this crucial project to the next stage.”
    “We continue to make important progress in our efforts to rebuild both Cape Cod Bridges. After securing $1.72 billion in federal funding, we’re now moving forward with an agreement with the U.S. Department of the Army and the Federal Highway Administration that will allocate a crucial piece of that funding and allow us to begin construction on the Sagamore Bridge,” said Governor Maura Healey. “We’re grateful to our MassDOT team, as well as our Congressional delegation and federal partnerships for their continued partnership and commitment to delivering this project for the people of Massachusetts.” 
    The project will help to spur economic growth and development, improving safety and quality of life for both the region and state. This project is critical to the Cape Cod economy, and the bridge will be a connector to other assets on a local, state, and national level. 
    Senator Warren, Senator Markey, Congressman Keating, and the Massachusetts delegation secured a total of $1.72 billion in federal funding for the bridge replacement project. In July, MassDOT won $1 billion from the Bipartisan Infrastructure Law’s (BIL) Bridge Investment Program, and in December 2023, MassDOT won $372 million from the BIL’s Federal Multimodal Project Discretionary Grant Program. Senator Warren, along with the Massachusetts Delegation, secured $350 million for the bridges in the Fiscal Year 2024 Energy and Water Development Appropriations Act, which was signed by President Biden. Governor Healey has also pledged $700 million in state support. 
    “This project has always been about partnership, and we thank the Healey Administration, the Congressional delegation and the Biden-Harris Administration for their unwavering support and funding. We look forward to working with partners and stakeholders in the region to begin the next steps to making this project a reality,” said Massachusetts Transportation Secretary & CEO Monica Tibbits-Nutt. 
    Senator Warren has long advocated for federal investments in the Cape Cod Bridges project and other critical infrastructure projects across the Commonwealth: 
    In July 2024, Senator Warren, along with Senator Ed Markey, Rep. Bill Keating, and Governor Maura Healey, announced the U.S. Department of Transportation (DOT) had awarded the Massachusetts Department of Transportation (MassDOT) and Army Corps of Engineers a billion-dollar grant to replace the Cape Cod Bridges under the Bipartisan Infrastructure Law’s Bridge Investment Program.
    In March 2024, the entire Massachusetts congressional delegation sent a letter to U.S. Secretary of Transportation Pete Buttigieg, reaffirming their support for Massachusetts’ billion-dollar Bridge Investment Program (BIP) grant application to replace the Cape Cod Bridges, in light of the $350 million in funding from the FY 2024 funding package signed by President Biden and the U.S. Department of Transportation’s $372 million Mega grant.
    In March 2024, Senators Markey and Warren and Congressman Keatingsecured $350 million for the Cape Cod Bridges in the Fiscal Year 2024 Energy and Water Development Appropriations Act.
    In December 2023, following the advocacy of the delegation, the Department of Transportation awarded Massachusetts a $372 million grant through the Bipartisan Infrastructure Law’s National Infrastructure Project Assistance (MEGA) program toward the replacement of the Sagamore bridge. 
    In May 2023, Senators Warren and Markey and Representatives Keating and Seth Moulton (D-Mass.) sent a letter to Secretary of Defense Lloyd J. Austin III, urging him to exercise his authority to support installation resilience in order to provide funding for the replacement of the Bourne and Sagamore Bridges.
    In March 2023, Senators Warren and Markey announced and applauded the inclusion of $350 million, toward a commitment of $600 million, in President Biden’s budget for the Bourne and Sagamore bridges. 

    MIL OSI USA News –

  • MIL-OSI Africa: International Islamic Trade Finance Corporation (ITFC) and the Central Bank of Nigeria Successfully Conclude Workshops on Islamic Banking and Trade Finance

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

    ABUJA, Nigeria, October 7, 2024/APO Group/ —

    The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, in partnership with the Central Bank of Nigeria (CBN), successfully concluded a workshop on Non-Interest Banking and Trade Finance in Nigeria. Held from 17th to 19th September 2024 in Abuja, the sessions aimed to enhance capacity and knowledge in Islamic banking principles, trade finance products and services, and how different financial toolkits are applied in Islamic finance from operational and business perspectives.

    Nigeria’s Islamic finance industry, valued at US$3.8 billion, is one of the major Shariah compliant industries in Africa. Despite some challenges such as low public awareness and a smaller capital base compared to conventional banks, Islamic finance has been substantially contributing to reduce financial exclusion and improve access to affordable finance in the country. The three-day workshop was designed to bridge prevailing knowledge gaps focusing on key areas such as Sukuk issuance and main non-interest banking products basics.

    Delivered under ITFC’s Integrated Trade Solutions framework, the workshop equipped professionals with the skills to promote Islamic finance in Nigeria while also highlighting ITFC’s wide range of trade financing services.

    Participants reported a significant boost in understanding Islamic banking and trade finance, and the workshop showcased ITFC’s contributions to economic development through sustainable financial solutions.

    Eng. Nasser Al Thakair, ITFC, remarked: “ITFC is committed to supporting Nigeria’s efforts in Islamic finance, tailoring this workshop to address the unique challenges faced. We will continue to provide the expertise and financial backing needed to grow Islamic finance in Nigeria and beyond.”

    Over 30 professionals from the Central Bank of Nigeria, non-interest banks, and other financial institutions attended, further advancing Islamic finance in the country.

    As Nigeria positions itself as a leading market for Islamic finance in Africa, ITFC remains dedicated to advancing trade finance and supporting the growth of the sector for long-term economic impact.

    MIL OSI Africa –

  • MIL-OSI USA: Rep. Adams Greets Vice President Kamala Harris in Charlotte

    Source: United States House of Representatives – Congresswoman Alma Adams (12th District of North Carolina)

    CHARLOTTE – Congresswoman Alma S. Adams, Ph.D. (NC-12) welcomed Vice President Kamala D. Harris to Charlotte, North Carolina on Saturday, as she arrived at Charlotte-Douglas International Airport (CLT) to survey the damage wrought by Tropical Storm Helene.  

    “I spoke with Vice President Harris, and she is committed to providing whatever resources are required to help the people of North Carolina recover from Helene,” said Rep. Adams. “I am thankful to her and to President Biden for all the work they’re doing behind the scenes to help our state.” 

    Rep. Adams, who represents northern Charlotte and some surrounding towns, joined the Vice President on the tarmac at CLT, to welcome her to the region. CLT has benefited from over $200 million in federal funds supporting its expansion and modernization, thanks to the Infrastructure Investment and Jobs Act (IIJA) passed under the Biden-Harris Administration. 

    ### 

    Congresswoman Alma S. Adams, Ph.D. represents North Carolina’s 12th Congressional District (Charlotte, Mecklenburg County, Cabarrus County) and serves on the House Committee on Agriculture and the House Committee on Education & the Workforce, where she serves as ranking member of the Workforce Protections Subcommittee. 

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Hank Johnson Announces Energy Efficiency Grant Funding for Covington, Other Georgia Communities

    Source: United States House of Representatives – Representative Hank Johnson (GA-04)

    COVINGTON, GA – Congressman Hank Johnson (GA-04) announced today that Covington, located in Georgia’s 4th Congressional District, has been awarded $150,000 in grant funding through the Bipartisan Infrastructure Law’s (BIL) Energy Efficiency and Conservation Block Grant (EECBG) Program. Covington is one of 17 Georgia communities to benefit from this $2.6 million investment aimed at reducing energy consumption, lowering emissions, and improving energy efficiency.

    “Covington is leading the way in transitioning to clean energy with the addition of eight new electric vehicle charging stations,” said Congressman Johnson. “This funding will help make clean transportation more accessible and support our community’s efforts to reduce its carbon footprint while creating more economic opportunities in Georgia’s Fourth District.”

    The Georgia Environmental Finance Authority (GEFA), which administers the program, selected Covington’s project as part of a broader initiative to enhance energy efficiency across the state. Covington will use the funds to install charging stations in high-traffic areas is designed to support the growth of electric vehicles and make clean transportation more accessible to residents and visitors alike.

    “This is just the beginning,” Congressman Johnson continued. “Investments like these are crucial for reducing our dependence on fossil fuels, improving air quality, and positioning our district and the state of Georgia as leaders in clean energy.”

    Other projects across the state receiving funding include energy audits, building upgrades, and workforce development initiatives, with approximately 60% of the funding directed toward disadvantaged communities.

    For more information about the EECBG Program and the energy efficiency projects being implemented, visit gefa.georgia.gov/EECBG.

    About the Georgia Environmental Finance Authority (GEFA):
    GEFA provides financing for energy, land, and water projects across Georgia. Since its establishment in 1986, GEFA has committed nearly $6 billion to local governments, businesses, and nonprofit organizations to improve environmental infrastructure throughout the state.

    About Congressman Hank Johnson:
    Hank Johnson represents Georgia’s 4th Congressional District, where he is a staunch advocate for civil rights, public safety, and economic justice. Learn more at https://hankjohnson.house.gov/

    MIL OSI USA News –

  • MIL-OSI Security: Protestor Federally Charged with Damaging U.S. Government Property at Union Station

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

                WASHINGTON – Zaid Mohammed Mahdawi, 26, of Richmond, Virginia, was arrested this morning in connection with a federal criminal complaint charging him with destruction of federal property. The complaint alleges that Mahdawi spray-painted the monument at Columbus Circle in front of Union Station in Washington, D.C., on July 24, 2024.

                The charges were announced by U.S. Attorney Matthew M. Graves, Special Agent in Charge Sanjay Virmani of the FBI Washington Field Office Counterterrorism Division, and Chief Jessica M. E. Taylor of the U.S. Park Police (USPP).

                Mahdawi will make his initial appearance this afternoon in the U.S. District Court for the Eastern District of Virginia. He is charged with destruction of government property.

                “Politically motivated destruction or defacing of federal property is not protected speech, it is a crime,” said U.S. Attorney Graves. “Anyone engaged in such conduct in the District of Columbia should expect to get federally prosecuted. Our community has zero tolerance for those who want to destroy or deface our monuments and other federal property.”  

                “The FBI does not conduct investigations based solely on First Amendment activities,” said Special Agent in Charge Sanjay Virmani of the FBI Washington Field Office Counterterrorism Division. “The FBI investigates people only when we receive information or allegations that they are, or may be, violating federal law or posing a risk to national security. We are committed to working closely with our local, state, and federal law enforcement partners to bring to justice any individuals who commit federal crimes, including destruction of federal property.”

                According to court documents, on July 24, 2024, an organization was granted a permit to demonstrate in the area of Columbus Circle, located at Massachusetts Ave. NE, and E St. NE, directly in front of Union Station. From about 3 p.m. until 5 p.m., demonstrators who had gathered in Columbus Circle pulled down flags affixed to the flagpoles; burned flags and objects; sprayed graffiti on multiple statutes and structures; and interfered with law enforcement’s ability to place individuals under arrest.

                Between 3:30 p.m. and 3:45 p.m., an individual later identified as Mahdawi climbed the monument located in the center of Columbus Circle, which was captured on video footage filmed by USPP from an observation post looking down at Columbus Circle. The same event was captured in open-source video and photos later posted to various internet platforms. After climbing to a ledge, Mahdawi began to spray paint the monument.

                Footage obtained from a review of open-source videos posted to X (formerly Twitter) showed Mahdawi using red spray paint to write “HAMAS IS COMIN” on the Columbus statue. After completing the phrase, Mahdawi spray-painted an inverted red triangle above the slogan.

                On July 30, 2024, the U.S. Park Police issued a bulletin seeking information on five individuals who engaged in criminal activity on July 24, 2024. The same day the bulletin was posted, the U.S. Park Police received a tip that they forwarded to the FBI. Through that tip and other leads, FBI was able to identify Mahdawi. Additionally, law enforcement databases revealed that Mahdawi had previously been arrested in Richmond, Virginia, on two occasions (December 2023 and April 2024).

                The flags that were pulled down from the flag poles, and the statues and structures in Columbus Circle, are all property of the federal government. The National Park Service estimated that the cost to clean and repair the site at about $11,282.23.

                This case is being investigated by the USPP’s Intelligence and Counterterrorism Unit and the FBI Washington Field Office, with assistance from the FBI Richmond Field Office. It is being prosecuted by Assistant U.S. Attorney Sarah Martin.

                A criminal indictment is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

     

     

    MIL Security OSI –

  • MIL-OSI Security: Virginia Man Found Guilty of Felony and Misdemeanor Charges for Actions During January 6 Capitol Breach

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

                WASHINGTON – A Virginia man was found guilty today of felony and misdemeanor charges related to his conduct during the Jan. 6, 2021, breach of the U.S. Capitol. His actions and the actions of others disrupted a joint session of the U.S. Congress convened to ascertain and count the electoral votes related to the 2020 presidential election.

                Robert William DeGregoris, 33, of Aldie, Virginia, was found guilty of civil disorder, a felony, and misdemeanor offenses of entering and remaining in a restricted building or grounds, disorderly and disruptive conduct in a restricted building or grounds, and impeding passage through the Capitol grounds or building.

                DeGregoris was convicted following a bench trial before U.S. District Judge Rudolph Contreras. Judge Contreras will sentence DeGregoris on Feb. 7, 2025.

                According to evidence presented during the trial, DeGregoris was identified in publicly available images and open-source video on the Lower West Terrace of the U.S. Capitol building near an area known as the “Tunnel.” The Tunnel was the site of some of the most violent attacks against law enforcement on January 6th. There, DeGregoris can be seen in video footage climbing on the side of the entrance to the Tunnel and later near a line of Metropolitan Police Department (MPD) officers at about 4:01 p.m.

                DeGregoris then attempted to forcibly enter the Tunnel and can be seen on Capitol building closed-circuit television (CCTV) footage reaching toward the nearest MPD officer. At approximately 4:01 p.m., CCTV footage depicts DeGregoris possibly striking the helmet of the nearby officer.  A few seconds later, DeGregoris was sprayed with Oleoresin Capsicum spray by a nearby officer. However, despite being sprayed, DeGregoris continued to push with other rioters against the MPD front line for several more minutes.

                Evidence showed that at approximately 4:07 p.m., DeGregoris was turned with his back toward the front line of MPD officers as he pushed against the MPD line and a rioter next to him sprayed officers with pepper spray. Approximately 20 seconds later, DeGregoris can be seen assisting other rioters by helping to push a ladder toward the MPD officers.

                After being sprayed with Oleoresin Capsicum and prior to departing the restricted area of the Capitol building grounds, DeGregoris posted a photograph of himself on social media accounts with the captioned statement “Took some pepper spray & tear gas breaching the front doors….Worth it.”

                The FBI arrested DeGregoris on Jan. 25, 2023, in Virginia.

                This case is being prosecuted by the U.S. Attorney’s Office for the District of Columbia. Valuable assistance was provided by the U.S. Attorney’s Office for the Eastern District of Virginia.

                The case is being investigated by the FBI’s Washington Field Office. Valuable assistance was provided by the U.S. Capitol Police and the Metropolitan Police Department.

                In the 44 months since Jan. 6, 2021, more than 1,504 individuals have been charged in nearly all 50 states for crimes related to the breach of the U.S. Capitol, including more than 560 individuals charged with assaulting or impeding law enforcement, a felony. The investigation remains ongoing.

    MIL Security OSI –

  • MIL-OSI Security: Three Texas Men Face Federal Charges for Robbing an ATM Repairman at Truist Bank in Murfreesboro

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

    NASHVILLE – A federal grand jury returned an indictment charging Robert Bailey, Jr., 24, Demond Johnson, Jr., 19, and Ryan Smith, Jr., 26, all of Houston, Texas, with one count of bank larceny, announced Thomas J. Jaworski, Acting United States Attorney for the Middle District of Tennessee.

    According to the indictment and publicly available information, on November 14, 2023, the defendants stole over $50,000 from an ATM outside of Truist Bank on Old Fort Parkway in Murfreesboro while it was being repaired. Smith was arrested on Interstate 24 while riding in an Uber. Johnson was arrested at the Nashville International Airport. Bailey was able to catch a flight to Houston and was arrested on a later date. Law enforcement officers in Houston seized the bag containing the stolen money when it arrived at the Houston Hobby Airport.

    If convicted, each defendant faces up to 10 years in federal prison and a minimum fine of $250,000.

    This case was investigated by the Federal Bureau of Investigation, Nashville Field Office and Houston Field Office, the Murfreesboro Police Department, and the Rutherford County Sheriff’s Office. Assistant U.S. Attorney Joseph P. Montminy is prosecuting the case.

    An indictment is merely an allegation. The defendants are presumed innocent until proven guilty.

    # # # # #

    MIL Security OSI –

  • MIL-OSI Security: Child Sexual Abuser Sentenced to 52 and One Half Years in Prison

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

                WASHINGTON – Matthew Stitt Johnson, 34, of Washington, D.C., was sentenced in U.S. District Court today to 52.5 years in prison for two counts of sexual exploitation of a minor and one count second-degree child sexual abuse with aggravating circumstances for abusing three minor children.

                The sentence was announced by U.S. Attorney Matthew M. Graves, FBI Acting Special Agent in Charge David Geist of the Washington Field Office Criminal and Cyber Division, and Chief Pamela A. Smith of the Metropolitan Police Department (MPD).

                Johnson pleaded guilty on August 29, 2022, before U.S. District Court Judge Jia M. Cobb. In addition to the 52.5-year prison term, Judge Cobb ordered Johnson to register as a sex offender.

                According to the government’s evidence, Johnson sexually abused three children, an eight-year-old, a five-year-old, and an eight-month-old infant, between 2015 and 2020. Johnson took videos of his sexual abuse of the five-year-old child and the eight-month-old infant. While the five-year-old and her sister reported the abuse to their mother, the abuse was not reported to law enforcement.

                In May 2021, law enforcement received a tip that Johnson downloaded child pornography from a cloud-based service and subsequently executed a search warrant on his home. Videos depicting the sexual abuse of the five-year-old and eight-month-old victims were discovered in Johnson’s cell phones along with 13,000 images of child pornography. Johnson distributed the images of his sexual abuse of children in internet forums dedicated to trading child pornography, particularly trading images of the rape and torture of infants and toddlers, and actively sought out and distributed other child pornography images over a two-year period.

                This case was investigated by the FBI Washington Field Office’s Child Exploitation and Human Trafficking Task Force. The task force is composed of FBI agents, along with other federal agents and detectives from northern Virginia and the District of Columbia. The task force is charged with investigating and bringing federal charges against individuals engaged in the exploitation of children and those engaged in human trafficking. The investigation received valuable assistance from the MPD’s Narcotics and Special Investigation Division, Human Trafficking Unit. It was prosecuted by Assistant U.S. Attorneys Robert Platt and Janani Iyengar with the valuable assistance of Victim/Witness Advocate Yvonne Bryant.

                This case was brought as part of the Department of Justice’s Project Safe Childhood initiative. In February 2006, the Attorney General created Project Safe Childhood, a nationwide initiative designed to protect children from online exploitation and abuse. Led by the U.S. Attorney’s Offices, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend, and prosecute individuals who exploit children via the Internet, as well as identify and rescue victims. For more information about Project Safe Childhood, please visit http://www.projectsafechildhood.gov.

    22cr129

    MIL Security OSI –

  • MIL-OSI Security: Canadian National Pleads Guilty to Possession of Sex Abuse Videos of Toddler and Prepubescent Boys

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

           WASHINGTON – Matthew Norman Ballek, 32, of Saskatchewan, Canada, pleaded guilty today to a federal child pornography charge stemming from his distribution of child pornography to an undercover law enforcement agent in January 2024, announced U.S. Attorney Matthew M. Graves; FBI Acting Special Agent in Charge David Geist, of the Washington Field Office Criminal and Cyber Division; and Chief Pamela A. Smith, of the Metropolitan Police Department (MPD).

                Ballek pleaded guilty in U.S. District Court for the District of Columbia to one count of possession of child pornography. The Honorable Reggie B. Walton scheduled a sentencing hearing for March 21, 2025.

               According to plea documents, in January 2024, a member of the FBI–MPD Child Exploitation and Human Trafficking Task Force was monitoring an online dating application in an undercover capacity. Law enforcement has learned that the application is sometimes used by individuals who have a sexual interest in children. Ballek contacted the undercover agent and, believing he was communicating with a pedophile, expressed an interest in child pornography. Ballek later sent the undercover agent three video files via an encrypted messaging application. Those video files depicted adult men raping toddler and prepubescent boys. Ballek was arrested in the District of Columbia on February 7, 2024. The FBI seized and forensically examined Ballek’s phone, which contained 10 unique videos and at least 21 unique still images that constitute child pornography.

               Ballek has remained in custody since his February 7, 2024, arrest.

               Ballek faces a maximum sentence of 20 years in prison and a $250,000 fine. In addition, Ballek must pay mandatory restitution of at least $3,000 to any identified victim. The statutory sentences for federal offenses are prescribed by Congress and are provided here for informational purposes only. Any sentence will be determined by the Court based on the advisory Sentencing Guidelines and other statutory factors.

               In addition, Ballek will be required to register as a sex offender and be subject to deportation proceedings and other adverse immigration consequences following any prison term.

               This case is being brought as part of Project Safe Childhood, a nationwide initiative to combat the epidemic of child sexual exploitation and abuse, launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend and prosecute individuals who exploit children via the internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit http://www.justice.gov/psc.

               This case was investigated by the FBI Washington Field Office and MPD’s Child Exploitation and Human Trafficking Task Force. The task force is composed of FBI agents, along with other federal agents and detectives from northern Virginia and the District of Columbia. The task force is charged with investigating and bringing federal charges against individuals engaged in the exploitation of children and those engaged in human trafficking.  

               The case is being prosecuted by Assistant U.S. Attorneys Paul V. Courtney and Karen L. Shinskie.

    24cr61

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