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Category: GlobeNewswire

  • MIL-OSI: Tenable Wins AI Security Category in the 2025 Cybersecurity Excellence Awards

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., April 17, 2025 (GLOBE NEWSWIRE) — Tenable®, the exposure management company, today announced that Tenable Vulnerability Management was named the AI-Powered Vulnerability Management category winner for the 2025 Cybersecurity Excellence Awards.

    Tenable Vulnerability Management is an industry-leading AI-powered solution designed to help organizations proactively identify, assess and remediate vulnerabilities across an expanding attack surface. Leveraging machine learning, advanced analytics and the power of Nessus technology, it provides unmatched visibility into security risks, helping customers identify emerging threats.

    “At Tenable, we’re innovating our use of AI to empower our customers to improve efficiencies and focus more resources on preventing successful attacks,” said Steve Vintz, co-chief executive officer and chief financial officer, Tenable. “Winning the AI-Powered Vulnerability Management award reinforces our commitment to helping customers identify and remediate risk wherever it exists with greater speed, accuracy and efficiency.”

    Tenable has introduced several standout AI security capabilities in its suite of exposure management solutions, including:

    • Tenable Vulnerability Priority Rating (VPR) – patented machine learning drives dynamic risk scoring that helps organizations prioritize and take action on the vulnerabilities that pose the greatest risk specific to their business. VPR analyzes Tenable proprietary vulnerability data, third-party vulnerability data and threat data to effectively and efficiently measure risk.
    • Tenable ExposureAI – generative AI capabilities and services within its Tenable One Exposure Management Platform enable faster analysis, decision-making and guidance, cutting through the complexity to stay ahead of attackers. Tenable’s exposure data lake is the world’s largest repository of contextual exposure data, fueling the capabilities of Tenable ExposureAI.
    • Tenable AI Aware – advanced AI and large language model (LLM) detection capabilities are designed to rapidly surface shadow AI, AI/LLM development, and any associated vulnerabilities with remediation guidelines. AI Aware provides exposure insight into AI applications, libraries and plugins so organizations can confidently expose and close AI risk, without inhibiting business operations.

    Stop by the Tenable booth (N-6155) at RSA Conference 2025 or book a meeting with Tenable executives to learn more about Tenable’s AI-powered exposure management solutions.

    At RSA Conference, Tenable’s co-chief executive officer and chief operating officer, Mark Thurmond, will give a keynote address on Wednesday, April 30 at 3:35 pm PT. His keynote will outline the future of risk reduction through exposure management to proactively identify and stop vulnerabilities before they become data breaches.

    About Tenable
    Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com.

    Media Contact:
    Tenable
    tenablepr@tenable.com

    The MIL Network –

  • MIL-OSI: Orchid Security Appoints Former Wiz Executive as Chief Revenue Officer to Fuel Next Phase of Growth

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) — Orchid Security, on a mission to cut through the complexity of identity and access management (IAM), announced that Trish Cagliostro has joined the company as Chief Revenue Officer (CRO) to lead its introduction to the market and build on its early Fortune 1000 customers.

    Cagliostro most recently served as the Vice President of Channels and Alliances at Wiz, where she built the global partner organization behind the company’s lightning fast journey to $100 million in ARR in 18 months and $350 million within its first four years. This momentum led to a $32 billion acquisition by their strategic partner Google. Cagliostro brings a “partner first and only” approach to form the foundation of go-to-market at Orchid Security.

    “I see many parallels between Orchid’s situation and the early days of Wiz, which is one of the main factors that attracted me to this opportunity,” said Cagliostro. “The identity space is now at an inflection point demanding a fundamentally new approach. Just as Wiz harnessed cutting edge technologies like graph databases to reshape cloud security, I see Orchid poised to do the same for IAM.”

    Orchid is leveraging new technologies including OpenTelemetry-powered identity observability and Generative AI / Large Language Model (LLMs) identity flow assessment to bring an application-centric approach to identity. These advances enable organizations to continuously discover and enable identity security, automate legacy manual processes, reduce costs, free up developer time and strengthen security posture.

    “No longer will enterprises be dependent on humans, whether in-house or outsourced, to assess each new application for expected identity controls or each new identity tool for integration with every existing application…over and over and over again,” said Cagliostro. “Instead, Orchid Security automates and accelerates these manual processes to speed up the deployment of new IAM tools and give organizations a complete and continuous view of their true identity security posture and the ability to close identity exposures.”

    As one example, consider Identity Governance and Administration (IGA)- on which organizations spent $3 billion last year according to Gartner. The average project takes 42 months, costs more than $1million and still remains incomplete. Industry experts estimate average IGA coverage at only 9%.

    By contrast, Orchid Security enables organizations to complete such projects in just four months, at a fraction of the cost and with significantly higher coverage. “Reducing project durations while delivering better results is a huge win for partners who can now show immediate value instead of being bogged down in the same project year after year,” said Cagliostro.

    Orchid exited stealth just four months ago with an impressive $36 million seed round and is seeing very strong market traction.

    “We see a clear opportunity ahead—from our inception via Team8’s company-building model to early Fortune 500 customer adoption, all signs point to strong product-market fit,” said Roy Katmor, CEO and co-founder of Orchid Security. “Now, it’s all about execution and scaling. Companies proved that with the right timing, team, and product—backed by a solid plan and execution—extraordinary growth is possible. We believe we’re in a similar position and are thrilled to bring in someone with the first-hand experience to help us reach that next level.”   

    With roughly $5 billion spent on IAM-related services alone each year, partners are an essential part of any identity project, whether as advisors, architects or implementors. Recognizing their critical role, Orchid Security is all-in on the channel as its route to market, with 100% of the business flowing through partners.

    “The fact that the founders at Orchid Security appointed an established channel leader like myself to head the entire sales organization should tell you everything you need to know about our commitment to our channel,” said Cagliostro.

    For more information on Orchid Security visit https://www.orchid.security. To hear more from Trish, read her welcome blog.

    About Orchid
    Orchid Security is an identity security orchestration platform- leveraging Open Telemetry, Prompt Engineering and Large Language Models (LLMs)- to unify and secure complex identity environments across enterprises. Founded by AI and cybersecurity experts Roy Katmor, Robert Weisman, and Ido Kelson, and backed by Intel Capital and Team8, Orchid enables large organizations to reduce the costs and effort of identity and access management (IAM), while maintaining compliance and security across their digital infrastructure. Its platform facilitates the continuous discovery of both self-hosted and SaaS applications, assessment of their native identity controls (and gaps), and remediation of compliance and cyber exposure from a single point of control— without extensive effort or application recoding.

    Media Contact
    Chloe Amante
    Montner Tech PR
    camante@montner.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3879cfa1-332f-4fee-a39b-e7cc1425ce7b

    The MIL Network –

  • MIL-OSI: HTX DAO Burns 11.3T $HTX in Q1, Sustaining Deflationary Momentum Through Stable Burn Mechanism

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 17, 2025 (GLOBE NEWSWIRE) — HTX DAO, the decentralized autonomous organization behind the $HTX token, has officially announced the completion of its Q1 2025 token burn. According to the announcement, a total of 11,338,023,612,750.992 $HTX tokens were permanently removed from circulation, representing a market value of approximately $19.2 million USD. Since its inception, HTX DAO has cumulatively burned over 60.97 trillion $HTX, with an estimated total value exceeding $114 million, demonstrating strong execution of its deflationary model and long-term value alignment.

    In accordance with its governance protocol, HTX DAO allocated 50% of revenue generated by the HTX exchange in Q1 2025 toward this burn. Executions were carried out transparently via Sun.io, with complete on-chain verification available through transaction hashes. Community members can review the full burn transaction here: Burn Hash on Tronscan

    Burn Mechanism: Not a Gimmick, but a Governance-Backed Commitment

    Unlike short-term, price-focused burns used by many projects as speculative marketing tactics, HTX DAO’s burn strategy is rooted in its “Verified Revenue – Automatic Buyback – On-chain Burn” model, introduced in late 2023. This system ensures consistent and verifiable token reductions aligned with real revenue, not artificially inflated figures.

    Key elements of the HTX DAO burn mechanism include:

    • Revenue-Linked Buybacks: A fixed percentage of exchange income is used to repurchase and burn $HTX;
    • Full Transparency: All burn addresses and transactions are recorded and publicly accessible on-chain;
    • Scheduled Execution: Quarterly announcements and hash verifications published for community audit;
    • Governance Supervision: DAO governance oversees adjustments to burn ratios and policies.

    This model makes HTX DAO’s deflationary action a structural economic feature, rather than a temporary performance signal—positioning $HTX for long-term compounding value growth.

    Market Volatility Validates Mechanism Robustness

    In Q1 2025, despite Bitcoin falling from nearly $110,000 to $70,000—a drop of over 30%—and global crypto trading volumes dropping 27% from $200.7B to $146B (source: Coingecko), HTX DAO’s token burn decreased by only 15% compared to Q4 2024 ($22M to $19.2M).

    This measured reduction highlights two important truths:

    • Burn funding is derived from actual revenue, not reserves or pre-allocated marketing budgets;
    • Burn volumes follow a systematic, non-manipulative model, unaffected by short-term market panic.

    Rather than artificial inflation of value, HTX DAO reflects a rational, data-driven growth model, balancing deflation and ecosystem expansion with real income performance.

    Scarcity Effect: Circulating Supply Falls, Value Logic Strengthens

    The cumulative impact of HTX DAO’s deflationary system is becoming more pronounced:

    • Over 60.97 trillion $HTX burned, reducing overall token supply;
    • Increased scarcity for long-term holders;
    • Sustainable tokenomics, with low inflation and high burn rates—making $HTX one of the few net-deflationary exchange ecosystem tokens on the market.

    Following the footsteps of proven models like Ethereum’s EIP-1559 and BNB’s quarterly burns, HTX DAO is establishing a durable path toward value consolidation. Its staking, governance, and node programs are all structurally tied to the burn cycle—creating a positive feedback loop where ecosystem growth triggers further deflation, and vice versa.

    Leading by Example: Real DAO Execution in a Sea of Paper DAOs

    While many projects claim to be DAOs in name, few consistently execute governance-backed decisions with on-chain transparency. HTX DAO sets itself apart by delivering measurable, auditable outcomes—burns, votes, and revenue allocation—visible to all stakeholders.

    In contrast with projects known for inconsistent execution or vague treasury use, HTX DAO demonstrates:

    • High operational reliability
    • Transparent financial data
    • Clear deflationary logic

    This makes HTX DAO a standout among modern DAO ecosystems—not merely in philosophy, but in real-world delivery.

    More Than a Buzzword: DAO as a Mechanism for Value Fulfillment

    This Q1 burn underscores HTX DAO’s continued adherence to its roadmap. Despite macro challenges, it has executed a $19M burn, retained full on-chain traceability, and continued reducing its circulating supply. These attributes collectively validate the DAO’s ability to deliver on promises—not just through whitepapers, but through chain-verified results.

    With renewed user growth, ecosystem expansion, and market recovery expected later in 2025, future burn events are poised to become milestones in HTX DAO’s deflationary growth story. For a sector still grappling with the legitimacy of decentralized governance, HTX DAO offers a compelling answer to the question:

    Can DAOs truly deliver value?

    HTX DAO’s response is already written—on-chain.

    About HTX DAO

    As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO.

    Contact Information

    Website: www.htxdao.com

    Email Address: media@htxdao.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2a8ef565-4f84-43ec-bab3-1fee7aebab6c

    The MIL Network –

  • MIL-OSI: Micron Announces Business Unit Reorganization to Capitalize on AI Growth Across All Market Segments

    Source: GlobeNewswire (MIL-OSI)

    BOISE, Idaho, April 17, 2025 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU), a leader in innovative memory and storage solutions, today announced a market segment-based reorganization of its business units to capitalize on the transformative growth driven by AI, from data centers to edge devices.

    Micron has maintained multiple generations of industry leadership in DRAM and NAND technology and has the strongest competitive positioning in its history. Micron’s industry-leading product portfolio, combined with world-class manufacturing execution enables the development of differentiated solutions for its customers across end markets. As high-performance memory and storage become increasingly vital to drive the growth of AI, this Business Unit reorganization will allow Micron to stay at the forefront of innovation in each market segment through deeper customer engagement to address the dynamic needs of the industry.

    Micron will begin transitioning to this new business structure immediately. The transition will be complete early in the company’s fiscal fourth quarter, which begins on May 30, 2025. Micron will report financial results under the new business structure starting with the fourth quarter of fiscal year 2025. The four business units will be:

    • Cloud Memory Business Unit (CMBU): Focused on memory solutions for large hyperscale cloud customers, and high-bandwidth memory (HBM) for all data center customers. Raj Narasimhan, Senior Vice President and General Manager, who has led the Compute and Networking Business Unit (CNBU), will lead CMBU.
    • Core Data Center Business Unit (CDBU): Focused on memory solutions for OEM data center customers and storage solutions for all data center customers. Jeremy Werner, Senior Vice President and General Manager, who has led the Storage Business Unit (SBU), will lead CDBU.
    • Mobile and Client Business Unit (MCBU): Focused on memory and storage solutions for mobile and client segments. Mark Montierth, Corporate Vice President and General Manager, who has led the Mobile Business Unit (MBU), will lead MCBU.
    • Automotive and Embedded Business Unit (AEBU): Focused on memory and storage solutions for the automotive, industrial and consumer segments. Kris Baxter, Corporate Vice President and General Manager, who has led the Embedded Business Unit (EBU), will lead AEBU.

    All four business units will continue to report to Sumit Sadana, Executive Vice President and Chief Business Officer.

    “This reorganization completes our evolution to a market segment-focused business unit structure, with exciting AI-led growth opportunities in every business unit,” said Sumit Sadana, EVP and Chief Business Officer at Micron Technology. “This structure sharpens our ability to partner deeply with customers and build on our tremendous portfolio momentum with differentiated solutions for all end markets.”

    About Micron Technology, Inc. 
    Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com. 

    © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. 

    Micron Media Relations Contact 
    Mark Plungy
    +1 (408) 203-2910
    mplungy@micron.com

    Micron Investor Relations Contact
    Satya Kumar
    +1 (408) 450-6199
    satyakumar@micron.com   

    The MIL Network –

  • MIL-OSI: Woodbridge Closes Sale of MKM Importers, Inc. to Righting Group, LLC

    Source: GlobeNewswire (MIL-OSI)

    NEW HAVEN, Conn., April 17, 2025 (GLOBE NEWSWIRE) — Woodbridge, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, MKM Importers, Inc, by Righting Group, LLC.

    MKM Importers located in Newington, Connecticut is a well-recognized and preferred supplier of pre-owned printing presses and binding equipment. MKM primarily supplies the packaging industry and select large commercial printers in North America but has one of the largest databases of world-wide buyers accumulated over 36 years.

    “After more than three decades of building MKM into the industry’s trusted source for premium equipment, the time is right to bring in leadership that can take MKM to new heights,” said founder Mark Marino.

    Righting Group, LLC plays a critical role in middle market transactions – providing current owners with tailored succession solutions.

    Woodbridge’s ground-breaking approach to marketing a company globally has transformed the way the sell-side M&A industry does business. Woodbridge is a Mariner Company.

    For more information, contact Don Krier, dkrier@woodbridgegrp.com, or call 203-389-8400 x201.

    The MIL Network –

  • MIL-OSI: Everything Blockchain Inc. Set to Join Forces with Global Investment Leader BLG Group to Drive Digital Asset Innovation

    Source: GlobeNewswire (MIL-OSI)

    Jacsonville, FL, April 17, 2025 (GLOBE NEWSWIRE) — Everything Blockchain Inc. (OTC Markets: EBZT), a leader in bridging traditional finance with digital assets, today announced it is in advanced discussions for a strategic merger with BLG Group, a globally recognized investment and advisory firm managing multi-billion-dollar assets. This potential merger would combine Everything Blockchain’s expertise in digital assets with BLG Group’s proven strength in structured finance and capital markets, with plans to launch a new trading desk in Hong Kong, addressing the growing demand for institutional digital asset solutions.

    Under the proposed terms, BLG Group would acquire a controlling interest in Everything Blockchain Inc. (EBZT) through a transformative transaction that could position EBZT at the forefront of the digital asset industry. This strategic partnership would unlock significant opportunities, providing EBZT with the resources to rapidly expand into Hong Kong and the broader Asian market. It would also accelerate EBZT’s operational growth, particularly in scaling its digital asset reserves. With this partnership, EBZT would enter a new chapter of market leadership and accelerated expansion.

    Arthur Rozenberg, CEO of Everything Blockchain Inc., stated:
    “This potential partnership marks a bold step forward for EBZT. BLG recognized our potential early on, and together, we’re poised to reshape the future. With BLG’s global resources and our blockchain expertise, we are uniquely positioned to drive the convergence of traditional finance and decentralized innovation. This partnership would represent a transformative moment for EBZT, unlocking exciting growth opportunities and positioning us to lead in the rapidly evolving digital asset market.”

    As part of the proposed merger, EBZT and BLG Group will launch a cutting-edge cryptocurrency trading desk in Hong Kong, offering advanced institutional crypto-trading services across Asia and globally. By combining BLG’s expertise in investment advisory, venture capital, and custody with EBZT’s digital asset capabilities, the partnership will provide tailored crypto-backed financing and liquidity solutions. Led by crypto expert HK Lee, this desk will unlock new opportunities in digital assets, including private placements and block trade programs for high-net-worth and institutional clients.

    Ajay Dubey, Founder & CMD of BLG Group, remarked:
    “This isn’t just about merging two companies; it’s about merging two worlds. EBZT’s forward-thinking blockchain expertise and BLG’s global finance prowess will redefine what’s possible in digital assets. This partnership is about challenging the status quo — taking bold, innovative steps where others see obstacles. We’re not just joining forces; we’re setting the stage for a new era in finance, where the future is built on disruption, collaboration, and a relentless pursuit of excellence.”

    Once finalized, the anticipated capital infusion from BLG Group will fuel EBZT’s strategic initiatives, including:

    • Developing New Digital Asset Investment Products
    • Scaling the Digital Asset Treasury Program
    • Expanding Blockchain Consulting Services

    Both parties are committed to finalizing the transaction terms and securing the necessary regulatory approvals. EBZT and BLG Group will provide further updates as the transaction progresses.

    About Everything Blockchain Inc.

     Everything Blockchain Inc. (OTC Markets: EBZT) bridges the gap between traditional financial markets and blockchain innovation. EBZT provides accessible blockchain consulting services and develops transformative financial products designed to modernize financial processes for institutional clients.

    About BLG Group
    BLG Group is a globally recognized investment and advisory firm specializing in structured finance, trade finance, and capital management for institutions. Renowned for successfully executing billions in sophisticated transactions, BLG Group advises family offices, funds, and high-net-worth individuals across Europe, the Middle East, and Asia. https://www.blggroup.co.in/aboutus

    Forward-Looking Statements

    This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of blockchain-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. 

    Contact:

    Arthur Rozenberg
    CEO, Everything Blockchain, Inc.
    arthur.rozenberg@everythingblockchain.io

    The MIL Network –

  • MIL-OSI: DTE Energy schedules first quarter 2025 earnings release, conference call

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, April 17, 2025 (GLOBE NEWSWIRE) — DTE Energy (NYSE:DTE) will announce its first quarter 2025 earnings before the market opens Thursday, May 1, 2025.

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

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

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

    For more information, members of the media may contact:
    Dan Miner, DTE Energy: 313.235.5555

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

    The MIL Network –

  • MIL-OSI: American Rebel (NASDAQ:AREB) Congratulates Tony Stewart on History-Making Victory in NHRA Top Fuel Event at Las Vegas Motor Speedway

    Source: GlobeNewswire (MIL-OSI)

    First Driver to Win NASCAR Cup Race, IndyCar Race, USAC Triple Crown Championship and NHRA Pro Event

    American Rebel Light Beer Sponsorship of Tony Stewart Racing Drivers Tony Stewart and Matt Hagan Celebrate Stewart Win and Head to Charlotte for American Rebel Light NHRA 4-Wide Nationals April 25 – 27 at zMAX Dragway at Charlotte Motor Speedway

    Nashville, TN, April 17, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), would like to congratulate Tony Stewart on his history-making victory in the NHRA Top Fuel Dragster (nhra.com) this past weekend at The Strip at Las Vegas Motor Speedway. Tony is the first driver to win a NASCAR Cup Series race, an IndyCar race, a USAC Triple Crown Championship and an NHRA Pro Event. The American Rebel Light Beer sponsorship of Tony Stewart Racing (tsrnitro.com) drivers Tony Stewart and Matt Hagan proudly celebrate the Stewart win as this history-making victory draws tremendous attention to the American Rebel Light sponsorship. The Stewart victory is also very emotional for the American Rebel team as we know how much this victory means to Tony and Leah personally.

    “I haven’t been around the NHRA Mission Foods Drag Racing Series very long, but I realized it takes a lot to win one of these Top Fuel races,” said Tony Stewart. “In my career, I’ve never had to wait over a year to win a race. We always figured it out pretty quickly and we won. We needed this win. It’s been so stressful for everyone since Leah (Pruett – Stewart’s wife) nearly won the World Top Fuel Championship in 2023 when it came down to the final round of the whole season.”

    Tony Stewart replaced Leah Pruett as the driver of the Tony Stewart Racing NHRA Top Fuel Dragster at the beginning of the 2024 season. Tony and Leah were married in 2021 and Leah asked Tony to drive her car in the Top Fuel series as the couple set out to start a family. Tony drove in the Top Alcohol series, a tier below Top Fuel, in 2023.

    “When your wife wants to try to start a family and wants you to driver her car, what are you going to say?” continued Stewart. “We had a lot of changes for the team because my body weight is different. Car tubing is different, and it just takes time. It was frustrating as we just couldn’t get on a path to make consistent gains last year. Two years ago, I won my first NHRA national event in the Top Alcohol Dragster here at Las Vegas with McPhillips Racing, and now I win my first Top Fuel national event at the Strip. It’s pretty damn cool. I’ve been a motorsports fan my whole life, and I think we made racing history with the Top Fuel win. I’m not sure if there has ever been a driver to win a NASCAR Cup race, an IndyCar race, the USAC Triple Crown championship and an NHRA Pro event (Top Fuel). To do it with our team and our family was very emotional. When Leah brought Dom (their newborn son) up on stage in victory lane, my heart stopped. I got so emotional there. That is a feeling I have never had in my life before. The Four Wide setup is the equalizer for me. I’m used to racing with many cars around me. It’s tough for the guys who are not used to four cars racing at once. We can’t get to Charlotte fast enough with the next four-wide setup. I love the format.”

    The next event on the NHRA Misson Foods Drag Racing Series schedule is the American Rebel Light NHRA 4-Wide Nationals April 25 – 27 at the Charlotte Motor Speedway.

    “I couldn’t be happier for Tony and Leah as I know how much the victory in Las Vegas means to them both,” said American Rebel CEO Andy Ross. “Our relationship started out as a sponsorship, turned into a friendship and now it’s family. Tony, Matt and Leah have been a big part of our incredible success opening up distributors for American Rebel Light Beer across the country. Various consultants told me opening up distributors was next to impossible, but American Rebel has proven them wrong because we have a real 12-year organic story of how we got here, and Tony, Matt and Leah’s support have poured patriotic fuel all over the fire we had already started. I can’t thank them enough for everything they’ve done.”

    American Rebel is an associate sponsor on the Tony Stewart driven Top Fuel Dragster and the Matt Hagan driven Funny Car for all 20 races of the NHRA Mission Foods 2025 season as well as the primary sponsor of the Matt Hagan Funny Car for five races, including the American Rebel Light NHRA 4-Wide Nationals at Charlotte Motor Speedway, and the primary sponsor of the Tony Stewart Top Fuel Dragster for one race during the 2025 season. Being a sponsor provides opportunities for vast exposure during the race broadcasts on Fox Sports, Fox Sports 1 (FS1) and Fox Sports 2 (FS2). Ratings for NHRA telecasts are very strong and visibility continues to expand through additional streaming options through NHRA.tv.

    In addition to the strong television viewership of NHRA racing, NHRA has unveiled exciting opportunities for digital media and content creators for the 2025 NHRA Mission Foods Drag Racing Series season. Aiming to change the way influencers, content creators and digital media members experience drag racing, NHRA is working to expand its reach across social media platforms with its Cornwell Tools Burnout Box Content Creator Zone. This expansion and emphasis in the digital media space will significantly benefit American Rebel.

    American Rebel has also benefitted from the relationship with Tony Stewart Racing through the social media reach of Tony Stewart, Matt Hagan and Leah Pruett. Tony Stewart has nearly 750,000 followers on X (@TonyStewart) and over 250,000 followers on Instagram (@tsrsmoke). Matt Hagan has nearly 150,000 followers on Instagram (@matthagan_fc) and Leah Pruett has nearly 400,000 followers on Instagram (@leah.pruett).

    “Tony, Matt and Leah are such an important part of our story,” said Andy Ross. “Tony is a legendary NASCAR driver who may be the most versatile race car driver in history, having also driven in NASCAR, IndyCar, USAC, NHRA and just about anything with wheels. And Matt has 52 NHRA national event wins and is one of only four legendary Funny Car drivers to win four championships (John Force, Don Prudhomme and Kenny Bernstein are the others) and Leah has kicked in doors as a Top Fuel driver and she continues to provide unparalleled support for American Rebel at the track and on social media. Our distributors love our connection with Tony Stewart Racing as American Rebel Light Beer connects with our customers through this sponsorship.”

    It’s been said that Andy Ross wrote the most on-brand drag racing song ever with his “Nitro Lightning” that he wrote for Matt Hagan. The song gets played at the track nearly every race weekend and even has been referenced on the Fox broadcasts. Andy has performed concerts at the Texas Motorplex and the Bradenton Motorsports Park after race events and is scheduled to perform this year at the American Rebel Light NHRA 4-Wide Nationals in Concord, NC.

    “What’s more American Rebel than rock ‘n’ roll and drag racing? I love victory lane and bringing the party,” said Andy Ross. “Drag racing fans are the perfect demo for American Rebel Beer and we’re looking forward to continuing this relationship a long time.”

    Primary sponsorship dates for American Rebel Beer on the Matt Hagan Funny Car are April 25 – 27 at the American Rebel Light NHRA 4-Wide Nationals in Concord, NC; June 20 – 22 at the Virginia NHRA Nationals at North Dinwiddle, VA; August 14 – 17 at the Lucas Oil NHRA Nationals in Brainerd, MN; September 26 – 28 at the NHRA Midwest Nationals near St. Louis, MO; and October 30 – November 2 at the NHRA Nevada Nationals in Las Vegas, NV. American Rebel Beer will also be a primary sponsor for the Tony Stewart Top Fuel Dragster on September 26 – 28 at the NHRA Midwest Nationals near St. Louis, MO.

    About American Rebel Light Beer

    Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a domestic premium light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    About Tony Stewart Racing

    Headquartered in Brownsburg, Indiana, Tony Stewart Racing (TSR) Nitro fields two entries in the NHRA Mission Foods Drag Racing Series. After more than four decades of racing around in circles, Tony Stewart embarked on a straight and narrow path, albeit more than 300 mph. The championship-winning racecar driver who has successfully transitioned to being a championship-winner team owner, formed the TSR nitro team in 2021, with 2022 marking the team’s first season in competition. Matt Hagan pilots the Funny Car and Tony Stewart took over driving duties in 2024 for wife Leah Pruett in the Top Fuel dragster as they started a family. Hagan is a four-time Funny Car champion (2011, 2014, 2020 and 2023) from Christiansburg, Virginia. Stewart hails from Columbus, Indiana and earned his first Top Fuel victory at the 2025 NHRA Four-Wide Nationals in Las Vegas. He also won the 2024 NHRA Rookie of the Year title. Stewart finished second in the 2023 Top Alcohol Dragster championship standings.

    About American Rebel Holdings, Inc.

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

    American Rebel Holdings, Inc.
    info@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of a launch party, actual launch timing and availability of American Rebel Beer, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contact:
    tporter@americanrebelbeer.com
     info@americanrebel.com

    Attachment

    The MIL Network –

  • MIL-OSI: Enovix Appoints Ryan Benton as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., April 17, 2025 (GLOBE NEWSWIRE) — Enovix Corporation (Nasdaq: ENVX), a global high-performance battery company, announced the appointment of Ryan Benton as Chief Financial Officer (CFO). Mr. Benton brings over three decades of financial leadership experience. He previously held key roles at ASM International and served as CFO for multiple public companies including Silvaco and Exar Corporation.

    Enovix CEO Dr. Raj Talluri added, “Ryan’s experience and transparent communication style make him an ideal leader for our finance organization and a strong voice in conveying our strategy to investors. As we get closer to achieving our top objective of commencing smartphone battery mass production, customer demand is solidifying, and we expect to see an important consumer product launch by the end of the year.”

    Chairman T.J. Rodgers said, “Ryan Benton is the best CFO candidate I’ve interviewed in a couple of years. He understands that investor candor is the best course, even if you have some disappointment to report. For example, he would have said about our recent Korean acquisition: We bought the second half of a well-run Korean company (Routejade) for a great price, and they will make our anode and cathode electrode sheets much cheaper and with higher quality than our current suppliers. With the turmoil in tariffs right now, we have a very competent Korean supplier that is capable of adding millions in profitable revenue — an unexpected bonus.”

    “I am thrilled to join Enovix,” said CFO Ryan Benton. “AI is transforming the consumer electronics industry and putting immense pressure on battery suppliers. Enovix is poised to rise to this challenge with its breakthrough architecture for silicon-anode batteries, semiconductor manufacturing culture and deep customer relationships.”

    Ryan’s first public appearance as Enovix CFO will be during the company’s first quarter 2025 earnings call on Wednesday, April 30, after the close of the market. To join the call, participants must use the following link to register: https://enovix-q1-2025.open-exchange.net/. This link will also be available via the Investor Relations section of Enovix’s website at https://ir.enovix.com. Investors may also submit questions on the registration page that they would like addressed on the call by Enovix management. Mr. Benton will also represent Enovix at the J.P. Morgan Global Technology, Media and Communications Conference in Boston on May 14 and the William Blair Growth Stock Conference in Chicago on June 4.

    About Enovix
    Enovix is on a mission to deliver high-performance batteries that unlock the full potential of technology products. Everything from IoT, mobile, and computing devices, to vehicles and headsets, needs a better battery. The company has developed an innovative, materials-agnostic approach to building a higher performing battery without compromising safety, and it partners with OEMs worldwide to usher in a new era of user experiences.

    Enovix is headquartered in Silicon Valley with facilities in India, Korea and Malaysia. For more information visit www.enovix.com and follow the Company on LinkedIn.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of federal securities laws, including but not limited to statements regarding the Company’s future performance, market opportunities driven by artificial intelligence, growth strategy, anticipated product launches and customer product commercialization plans, cost and quality improvements from supply chain initiatives, and the impact of executive leadership. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Factors that may cause such differences include, among others, those described in our filings with the Securities and Exchange Commission, including our most recent annual and quarterly reports. Enovix undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.

    Investor Contact:
    Enovix Corporation
    Robert Lahey
    Email: ir@enovix.com   

    Media Contact:
    Bateman Agency for Enovix
    Kaelyn Attridge
    Email: enovix@bateman.agency

    The MIL Network –

  • MIL-OSI: VERB Closes Acquisition of AI Video Commerce Platform Lyvecom in a Deal Valued at Up to $8.5 Million

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS and LOS ALAMITOS, Calif., April 17, 2025 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the ”Company”), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today announces that the Company, Lyvecom, Inc. (“Lyvecom”) and the shareholders of Lyvecom entered into a definitive Stock Purchase Agreement dated April 11, 2025 (the “Purchase Agreement”) to acquire all of the outstanding capital stock of Lyvecom (the “Acquisition”). The Acquisition closed on April 11, 2025. The purchase price paid for the shares of capital stock of Lyvecom was $3,000,000 in cash, the repayment of $1,125,000 to certain investors in Lyvecom’s Simple Agreement for Future Equity (S.A.F.E.) instruments, the payment of $100,000 to a Lyvecom related party to satisfy an existing loan to Lyvecom, and the issuance of 184,812 restricted shares of the Company’s common stock (the “Restricted Shares”) having a value of $1,000,000 on the closing date based on a 30-day volume weighted average price of approximately $5.41 per share. The Restricted Shares are subject to a lock-up agreement and a leak-out agreement. The Purchase Agreement also provides for an earn-out payment to the Lyvecom Shareholders of up to an additional $3,000,000 in cash over a 24-month earn-out period based on Lyvecom’s achievement of various performance metrics.

    The Acquisition was undertaken by VERB management in order to better position its MARKET.live platform for the accelerating revenue growth it is now experiencing and for the anticipated massive industry-wide global growth of the sector in which the Company operates. According to a recent March 2025 industry report,1“The Global Online Video Platforms market is expected to be worth around USD 117.35 Billion by 2034, up from USD 12.4 Billion in 2024. It is expected to grow at a CAGR of 25.20% from 2025 to 2034.”

    A True Omnichannel Approach to Social Commerce
    The integration of LyveCom’s technology into Verb’s MARKET.live is expected to allow brands and merchants to deliver a true omnichannel livestream shopping experience across their own websites, apps, and social platforms while leveraging MARKET.live’s new AI-powered video content automation and personalized shopping experiences.

    Today’s brands are beholden to big social media and their ever-changing algorithms, relying heavily on their platforms and closed marketplaces to maintain access to a borrowed audience. With this acquisition and technology integration, MARKET.live will be able to offer brands full control over their audience, content, and conversions while funneling zero-party customer data back to the brand. With one-click, simulcasting brands and merchants will be able to instantly scale the broadcast of live shopping events across their own ecommerce sites and apps, marketplaces, and social platforms, maximizing audience reach and engagement while maintaining unified checkout and unified inventory management and control.

    “The future of commerce is livestreaming and shoppable video content, yet 40% of consumers hesitate to make purchases through social media due to worries about how their personal information is handled,” said Maxwell Drut, Co-Founder and CEO of LyveCom and incoming Chief Technology Officer at MARKET.live. “Likewise, there is a reluctance by many brands to give up control over their customer data when outsourcing their entire social commerce implementation to a third-party social media platform. With this integration we’re giving power back to the brands with a true omnichannel approach that connects all their channels while retaining full control over their audience, content, and conversions and allowing their customers to engage directly with the brand while shopping wherever and however they are most comfortable.”

    Advantages for Both Brands and Consumers
    In addition to social commerce capabilities across multiple social platforms, MARKET.live will now also offer brands the ability to recreate the social commerce and livestreaming experience of shoppable content directly on the brand’s own websites and mobile apps which fosters more direct two-way communication and true brand affinity between the brand and the consumer. Consumers shopping directly on a brand’s website and mobile apps are protected by the brand’s privacy policy disclosure sharing exactly how it collects, uses, processes, discloses, and retains personal data when accessing brand’s owned websites, apps, and services. This new MARKET.live integration allows brands to have better control of the messaging and end-to-end user experience and purchase journey, integrating all the features that consumers are so accustomed to on social media.

    MARKET.live customers will also have access to LyveCom’s merchant playbooks on how to manage the ever-changing social algorithms to maximize livestreams and shoppable content experiences including how to better convert customers from a borrowed to an owned audience. New and expanded strategic partnerships with Tapcart, Shopify Shop App, Klaviyo, Recharge, and agency networks will expand MARKET.live’s footprint into mobile commerce and high-growth DTC brands. Brands will also benefit from an intelligent analytics hub that will provide in-depth insights into shopper behavior, enabling merchants to refine strategies and boost conversions.

    Leveraging AI for Future Growth
    The next-generation of social commerce capabilities are rooted in AI-powered video commerce, providing brands and merchants with the ability to future-proof their businesses by redefining how consumers discover, engage, and shop in a content-driven world. With this acquisition, VERB’s MARKET.live is expected to be able to offer a truly integrated, multi-platform solution including:

    • AI-Driven Video Commerce: Advanced AI capabilities will power real-time user-generated-content creation, automated video content repurposing, and AI-powered virtual live shopping hosts that are virtually indistinguishable from human hosts, capable of real-time audience engagement.
    • AI-Generated Video UGC: A proprietary AI model trained on tens of thousands of video commerce interactions that will automate content creation for brands.
    • AI-Powered Predictive Analytics and Automated Shoppable Content: Intelligent tools designed to optimize merchandising strategies and increase conversion rates.

    “Here’s why this deal matters and here’s why we believe it will generate meaningful shareholder value,” states Rory J. Cutaia, CEO of VERB – “Everyone chasing ecommerce today is trying to figure out how to drive an audience to their ecommerce sites – which as they all discover is very, very difficult. The technology we’ve integrated into our MARKET.live platform from this acquisition, and even more exciting tech integrations from this acquisition to come, allows the brands that engage and adopt our platform to stop trying to drive an audience to a single destination and instead meet their customers and potential customers wherever they already are, on whatever platform they are, enabling brands to provide an unmatched video shopping experience that enables them to better control their narrative and own their audience. And at the end of the day, “owning the audience” is what spells ecommerce success.”

    About VERB
    Verb Technology Company, Inc. (Nasdaq: VERB), is the innovative force behind interactive video-based social commerce. The Company operates three business units, each of which leverages its social commerce technology and video marketing expertise. The Company’s MARKET.live platform is a multi-vendor, livestream social shopping destination at the forefront of the convergence of e-commerce and entertainment, where brands, retailers, creators, and influencers engage their customers, clients, fans, and followers across multiple social media channels simultaneously. GO FUND YOURSELF is a revolutionary interactive social crowd funding platform and TV show for public and private companies seeking broad-based exposure across social media channels for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive TV show with MARKET.live’s back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show’s panel of “Titans”. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons. VANITYPrescribed.com and GoodGirlRx.com are telehealth portals, intended to redefine telehealth by offering a seamless, digital-first experience that empowers individuals to take control of their healthcare needs. They were designed and developed to disrupt the traditional healthcare model by providing tailored healthcare solutions at affordable, fixed prices – without hidden fees, membership costs, or inflated pharmaceutical markups. GoodGirlRx.com, a partnership with Savannah Chrisley, a well-known lifestyle personality and advocate for health and wellness, offers customers access to convenient, no-hassle telehealth services and pharmaceuticals, including the new weight-loss drugs, with fixed pricing regardless of dosage, breaking away from the industry’s traditional model of excessive pricing and pharmaceutical gatekeeping.

    The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in Los Alamitos, California.

    For more information, please visit: www.verb.tech

    Follow VERB and MARKET.live here:
    VERB on Facebook: https://www.facebook.com/VerbTechCo
    VERB on LinkedIn: https://www.linkedin.com/company/verb-tech
    VERB on YouTube: https://www.youtube.com/channel/UC0eCb_fwQlwEG3ywHDJ4_KQ

    Sign up for E-mail Alerts here: https://ir.verb.tech/news-events/email-alerts

    Forward-Looking Statements

    Statements contained in this press release that are not statements of historical fact are forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements can be identified by words such as “anticipate,” “designed,” “expect,” “may,” “will,” “should” and other comparable terms. Forward-looking statements include statements regarding Verb’s intentions, beliefs, projections, outlook, analyses or current expectations regarding: the integration of LyveCom’s technology into Verb’s MARKET.live allowing brands and merchants to deliver a truly omnichannel livestream shopping experience across their websites, apps, and social platforms while leveraging AI-powered video content automation and personalized shopping experiences; the acquisition and technology integration of MARKET.live + LyveCom enabling the offering of brands full control over their audience, content, and conversions while funneling zero-party customer data back to the brand; brands and merchants simulcasting and being able to instantly scale the broadcast of live shopping events across their own eCommerce sites and apps, marketplaces, and social platforms, maximizing audience reach and engagement while maintaining checkout and unified inventory management and control; the integration enabling giving power back to the brands with a true omnichannel approach that connects all their channels and allows consumers to engage directly with the brand while shopping wherever and however they are most comfortable; the integration allowing brands to have better control of the messaging and end-to-end user experience and purchase journey, integrating all the features that consumers are so accustomed to on social media; MARKET.live customers having access to LyveCom’s merchant playbooks on how to run and maximize livestreams and shoppable content experiences including how to convert customers from a borrowed to an owned audience; agency networks expanding MARKET.live’s footprint into mobile commerce and high-growth DTC brands; brands benefitting from an intelligent analytics hub that will provide in-depth insights into shopper behavior, enabling merchants to refine strategies and boost conversions; MARKET.live’s acquisition of LyveCom offering a truly integrated, multi-platform solution. You are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to a number of risks, uncertainties and assumptions, including, but not limited to: Verb’s ability to derive the anticipated benefits from the acquisition; the ability to successfully integrate LyveCom’s technology into Verb’s MARKET and the other risk factors and other cautionary statements included in Verb’s Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the Securities and Exchange Commission, including subsequent periodic reports on Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. All forward-looking statements made in this press release speak only as of the date of this press release and are based on management’s assumptions and estimates as of such date. Except as required by law, Verb undertakes no obligation to update or revise forward-looking statements to reflect new information, future events, changed conditions or otherwise after the date of this press release.

    1 MARKET.US – Published date: March 25 – Report ID: 143000 https://market.us/report/global-online-video-platforms-market.

    The MIL Network –

  • MIL-OSI: MAGFAST Raises More Than $10 Million Across Multiple Offerings on Netcapital

    Source: GlobeNewswire (MIL-OSI)

    Second Largest Total Amount Raised under Reg CF in Consumer Packaged Goods Industry per KingsCrowd

    BOSTON, MA, April 17, 2025 (GLOBE NEWSWIRE) — Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced that MAGFAST, a charging device company, has raised more than $10 million through multiple offerings on the Netcapital funding portal platform.

    MAGFAST’s offering is available for a limited time on Netcapital.com. Investors can review offering details, risks, and disclosures by visiting https://netcapital.com/companies/magfast?utm_source=press-release&utm_medium=email&utm_campaign=magfast+press+release+4-25

    About MAGFAST

    MAGFAST designs and markets a suite of charging products for phones, tablets, and other personal electronics. The company’s modular system of wireless and wired chargers is aimed at improving convenience for everyday use at home and on the go. To date, MAGFAST has raised over $10 million through equity offerings and continues to expand its product offerings with an innovative system of charging products.

    About Netcapital Inc.

    Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company’s consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal, Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The Company’s broker-dealer, Netcapital Securities Inc., is also registered with the SEC and is a member of FINRA.

    Forward Looking Statements

    The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

    Investor Contact

    800-460-0815 
    ir@netcapital.com

    The MIL Network –

  • MIL-OSI: Medallion Financial Corp. to Report 2025 First Quarter Results on Wednesday, April 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) — Medallion Financial Corp. (NASDAQ: MFIN, the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its results for the quarter ended March 31, 2025, after the market closes on Wednesday, April 30, 2025.

    CONFERENCE CALL AND WEBCAST INFORMATION

    A conference call to discuss the financial results will be held the next morning, May 1, 2025.

    How to Participate

    • Date: Thursday, May 1, 2025
    • Time: 9:00 a.m. Eastern time
    • U.S. dial-in number: (833) 816-1412
    • International dial-in number: (412) 317-0504
    • Live webcast: Link to Webcast of 1Q25 Earnings Call

    A link to the live audio webcast of the conference call will also be available at the Company’s IR website.

    Replay Information

    The webcast replay will be available at the Company’s IR website until the next quarter’s results are announced.

    The conference call replay will be available following the end of the call through Thursday, May 8.

    • U.S. dial-in number: (844) 512-2921
    • International dial-in number: (412) 317-6671
    • Passcode: 1019 8552

    INDIVIDUAL MEETING INFORMATION

    To increase relations with institutional investors, management has dedicated time to hosting individual meetings with portfolio managers and analysts after its earnings conference call. If you are interested in scheduling a meeting with management, please contact investorrelations@medallion.com or (212) 328-2176.

    About Medallion Financial Corp.

    Medallion Financial Corp. (NASDAQ:MFIN) and its subsidiaries originate and service a growing portfolio of consumer loans and mezzanine loans in various industries, and loan products and services offered through fintech strategic partners. Key industries served include recreation (towable RVs and marine) and home improvement (replacement roofs, swimming pools, and windows). Medallion Financial Corp. is headquartered in New York City, NY, and its largest subsidiary, Medallion Bank, is headquartered in Salt Lake City, Utah. For more information, please visit www.medallion.com.

    Company Contact:

    Investor Relations
    212-328-2176
    InvestorRelations@medallion.com

    The MIL Network –

  • MIL-OSI: Global Drone Market Projected to Reach $57.8 Billion By 2030 as Usage and Demands Soars

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., April 17, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Industry experts are predicting a bright spot of good news about the drone industry value in 2025. New estimates project that the global drone market will be worth $57.8 billion by 2030. That’s a huge increase from previous forecasts, which had the drone industry worth $40.6 billion in 2025. That’s according to a fresh report, dubbed the Drone Market Report 2025-2030. It’s put out by Drone Industry Insights, which is a German consulting group. DII has been putting out similar reports for years now — and this latest report starts by looking at the drone industry value in 2025. From there, it looks at where the commercial drone space is headed over the next five years. As it turns out, the numbers are bigger than experts previously expected. The report said: “So why is the forecast different (and better) than usual? After all, the consumer drone market has not been doing well. But as is the case with many industries, the money is in the business side — not the consumer side. And for the former, drones have become essential tools in industries like construction, agriculture, and energy. Plus, they are increasingly finding their way into fields like logistics (as evidenced by growing drone deliveries, and public safety. As it turns out, most people are making money in drones not by building them, but by actually operating them. The commercial services segment is by far the largest within the drone industry. That’s people who fly for everything from wedding photography to making advanced maps. There’s also increasing military use of small, portable drones. That’s evidenced by groups like Dignitas fighting the war in Ukraine with drones. “Drones as a service” is a broad, widely-encompassing segment, but nonetheless it’s expected to reach $29.4 billion by 2025.  Behind that is the drone hardware industry. In 2025, drone hardware is worth $6.7 billion — but it’s also the fastest-growing segment. That’s likely fueled by recent innovations in BVLOS (Beyond Visual Line of Sight) technology. It also has to do with growing trends like the proliferation of automated drone docking stations.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), Red Cat Holdings, Inc. (NASDAQ: RCAT), Safe Pro Group Inc. (NASDAQ: SPAI), EHang Holdings Limited (NASDAQ: EH).

    The report continued: “Around the world, the number of global drone flights jumped 25% in 2024. Yes, takeoffs rose from an estimated 15.5 million to 19.5 million. Asia saw the most flights at 6.3 million, followed by North America (3.9 million) and Europe (3.8 million). We’ve seen this trend of Asian dominance in all sorts of facets of the industry… it’s impossible to ignore to China’s dominance in drone manufacturing. Of course, recent U.S. economic news around tariffs and free trade could upend this at any time. Just this month, China sanctioned a handful of companies, including some American drone companies. The retaliatory move is China’s way of hurting the U.S. drone industry — but it could also upend who really is the leader. Drone pilots around the world even wonder what the news — which on the surface only impacts the U.S. — could mean for prices and availability of drones for sale in their own countries (even if there isn’t a formal ban on DJI drones imposed on those countries). And with that, pay attention to the emerging role of Latin America and Africa. As drone accessibility improves and local ecosystems flourish, these regions could be the next big thing.”

    ZenaTech (NASDAQ:ZENA) to Showcase Drone as a Service (DaaS) and AI Drone Innovation for Commercial and Defense Markets at Two Premier Investor Conferences — D. Boral Capital Conference and Ladenburg Technology Innovation Expo25 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that the company was invited and will participate at two prominent investor conferences next month: the D. Boral Capital Conference and the Ladenburg Thalmann Technology Innovation Expo.

    These high-profile investor events bring together a variety of institutional investors to explore cutting-edge technologies and investment opportunities. ZenaTech’s leadership team will present an overview of the company and engage in one-on-one meetings on the latest developments regarding its AI drone solutions for commercial and defense markets and the expansion of its Drones as a Service (DaaS) business model.

    Conference Details:

    D. Boral Capital Inaugural Global Conference: One of the most prestigious events for emerging growth issuers and institutional investors in the world, it showcases dynamic public and private companies across multiple sectors in an intimate setting. Approximately 75 presenting companies and hundreds of institutional investors are expected to attend. Date and Venue: May 14, 2025, The Plaza Hotel — 5th Avenue at Central Park South, New York, NY 10019

    Ladenburg Thalmann Technology Innovation Expo25: The Expo is a full-day event showcasing approximately 50 AI-driven technology companies through presentations, live demos, and one-on-one meetings. Designed to foster meaningful investor engagement, the conference brings together public company executives, institutional investors, and industry professionals. Date and Venue: May 21, 2025, Convene — 101 Park Avenue, New York, NY

    To book a one-on-one meeting with ZenaTech at one of these events, please refer to the conference website links. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the markets include:

    Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, has recently said that it has successfully closed the previously announced registered direct offering with certain institutional investors for the purchase and sale of 4,724,412 shares of common stock resulting in gross proceeds of approximately $30 million, before deducting placement agent fees and other offering expenses. The offering closed on April 11, 2025.

    “We believe this financing positions Red Cat for significant growth in the drone industry focused on aerospace and defense technologies, establishing Red Cat as one of the fastest growing drone companies based in the United States,” said Jeff Thompson, Founder, Chairman and Chief Executive Officer of Red Cat.

    EHang Holdings Limited (NASDAQ: EH), the world’s leading urban air mobility (“UAM”) technology platform company, recently announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”) on April 15, 2025. The annual report can be accessed on the Company’s investor relations website at http://ir.ehang.com/ and on the SEC’s website at https://www.sec.gov/.

    The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s Investor Relations Department at ir@ehang.com.

    Draganfly Inc. (NASDAQ: DPRO), an industry-leading developer of drone solutions and systems, recently announced that it has been selected by SafeLane Global Ltd. (“SafeLane”) as its preferred unmanned aerial systems (UAS) and aerial survey provider.

    SafeLane, a world-renowned specialist in explosive threat mitigation, is one of only two private organizations licensed by the Ukrainian Ministry of Defense to conduct landmine and explosive ordnance clearance operations in Ukraine. With over 30 years of experience across more than 60 countries, SafeLane supports governments, humanitarian organizations, and commercial clients in the clearance and disposal of landmines, unexploded ordnance (UXO), and explosive remnants of war (ERW), both on land and underwater.

    Under the agreement, Draganfly will provide advanced drone solutions, including UAVs, specialized sensors, and data analysis services, to support SafeLane’s global mine action initiatives. The collaboration aims to enhance the speed, accuracy, and safety of explosive threat detection and removal operations in high-risk environments.

    Safe Pro Group Inc. (NASDAQ: SPAI), a leading provider of artificial intelligence (AI)-driven security solutions, recently announced that its white paper, “Drone-Based AI for Landmine and UXO Detection and Mapping” has been accepted for presentation at the Annual Symposium on the Application of Geophysics to Engineering and Environmental Problems (SAGEEP) 2025 event hosted by The Environmental and Engineering Geophysical Society (EEGS). The paper showcases the Company’s patented, artificial intelligence (AI)-powered, drone-based imagery analysis technology’s application in the rapidly growing defense and humanitarian sectors.

    SAGEEP is a premier international conference focusing on the near surface, where practitioners, academics, researchers, consultants, students, and government representatives gather to hear presentations or view posters representing the latest in new approaches and methods in environmental and engineering geophysics. The technical program will also incorporate special sessions planned in Future of Geophysics- Innovative Geophysics and Engineering (FOG), Unmanned Vehicles and Drones, Geophysics for Archaeology and Forensics, GPR Platforms and case studies, HVSR, and Underwater Munitions Response Operations.

    About FN Media Group:
    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:
    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Climb Global Solutions Sets First Quarter 2025 Conference Call for May 1, 2025 at 8:30 a.m. ET

    Source: GlobeNewswire (MIL-OSI)

    EATONTOWN, N.J., April 17, 2025 (GLOBE NEWSWIRE) — Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, May 1, 2025 at 8:30 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2025. The Company’s results will be reported in a press release prior to the call.

    Climb’s management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call by emailing CLMB@elevate-ir.com.

    Date: Thursday, May 1, 2025
    Time: 8:30 a.m. Eastern time
    Toll-free dial-in number: (800) 267-6316
    International dial-in number: (203) 518-9783
    Conference ID: CLIMB
    Webcast: Climb’s Q1 2025 Conference Call

    If you have any difficulty registering or connecting with the conference call, please contact Elevate IR at (720) 330-2829.

    The conference call will also be available for replay on the investor relations section of the Company’s website at www.climbglobalsolutions.com.

    About Climb Global Solutions

    Climb Global Solutions, Inc. (NASDAQ:CLMB) is a value-added global IT distribution and solutions company specializing in emerging and innovative technologies. Climb operates across the US, Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter and Climb Global Services. The Company provides IT distribution and solutions for companies in the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.

    Additional information can be found by visiting www.climbglobalsolutions.com.

    Company Contact

    Matthew Sullivan
    Chief Financial Officer
    (732) 847-2451
    MatthewS@ClimbCS.com

    Investor Relations Contact

    Sean Mansouri, CFA or Aaron D’Souza
    Elevate IR
    (720) 330-2829
    CLMB@elevate-ir.com

    The MIL Network –

  • MIL-OSI: Runway Growth Finance Corp. Provides First Quarter 2025 Portfolio Update

    Source: GlobeNewswire (MIL-OSI)

    MENLO PARK, Calif., April 17, 2025 (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the first quarter ended March 31, 2025.

    “In the first quarter of 2025, Runway Growth originated high quality financing solutions to several of our existing portfolio companies within the resilient sectors of technology, healthcare and consumer services,” said David Spreng, Founder and CEO of Runway Growth. “As we navigate the current market environment, we are focused on underwriting discipline in our continued effort to preserve credit quality. With the close of the acquisition of Runway Growth’s investment adviser by affiliates of BC Partners Advisors L.P. in the first quarter of 2025, we are leveraging our shared expertise and resources to act thoughtfully on attractive opportunities that we believe will drive growth and deliver value for our shareholders.”

    Originations
    In the first quarter of 2025, Runway Growth funded three investments in existing portfolio companies. These include:

    • Completion of a new $55 million investment to existing portfolio company, Route 92 Medical Inc. (“Route 92”), funding $35 million at close, which refinanced Route 92’s existing senior term loan;
    • Completion of a $13 million follow-on investment to existing portfolio company, Elevate Services, Inc.; and
    • Completion of a new $2.7 million investment to existing portfolio company, Marley Spoon SE.

    Liquidity Events
    During the first quarter ended March 31, 2025, Runway Growth experienced the following liquidity events in its investment portfolio:

    • Full principal repayment of the Company’s senior secured term loan to Gynesonics, Inc. of $25.6 million, combined with liquidation of the Company’s holdings in Gynesonics, Inc. preferred stock, for total proceeds of $37.4 million;
    • Partial principal repayment of the Company’s senior secured term loan to FiscalNote Holdings, Inc. of $11.3 million;
    • Liquidation of the Company’s holdings of Quantum Corporation’s common stock for total proceeds of $0.7 million; and
    • Other scheduled loan principal amortization payments of $3.7 million.

    Portfolio Construction and Management
    Runway Growth is a credit-first organization, carefully structured to focus on what it believes to be the highest quality, late-stage companies in the venture debt market. The Company seeks to uphold industry-leading investment standards as well as disciplined underwriting and monitoring of its portfolio. Runway Growth is positioned as a preferred lender in the venture debt space, supporting and working closely with companies to help them reach their full growth potential. Since inception, the Company has focused on the fastest growing sectors of the economy, including healthcare, technology and select consumer services and products industries.

    As of March 31, 2025, the Runway Growth portfolio included 46 debt investments to 31 portfolio companies and 84 equity investments in 47 portfolio companies, including 26 portfolio companies where Runway Growth holds both a debt and equity investment. Investments were comprised of late and growth-stage businesses in the technology, healthcare and select consumer services and products industries. Runway Growth’s normal business operations include frequent communication with portfolio companies.

    About Runway Growth Finance Corp.
    Runway Growth is a growing specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940. Runway Growth is externally managed by Runway Growth Capital LLC, an established registered investment adviser that was formed in 2015 and led by industry veteran David Spreng. For more information, please visit www.runwaygrowth.com.

    Forward-Looking Statements
    Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Runway Growth’s filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

    Important Disclosures
    Strategies described involve special risks that should be evaluated carefully before a decision is made to invest. Not all of the risks and other significant aspects of these strategies are discussed herein. Please see a more detailed discussion of these risk factors and other related risks in the Company’s most recent annual report on Form 10-K in the section entitled “Risk Factors”, which may be obtained on the Company’s website, www.runwaygrowth.com, or the SEC’s website, www.sec.gov.

    IR Contacts:
    Taylor Donahue, Prosek Partners, rway@prosek.com
    Thomas B. Raterman, Chief Financial Officer and Chief Operating Officer, tr@runwaygrowth.com

    The MIL Network –

  • MIL-OSI: One Stop Systems CEO and Chairman Issue Letter to Shareholders

    Source: GlobeNewswire (MIL-OSI)

    ESCONDIDO, Calif., April 17, 2025 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (“We”, “OSS” or the “Company”) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today issued a shareholder letter, which reviews the progress it made in 2024 and the Company’s expectations for 2025.

    Dear Fellow Shareholders

    We are excited to share the progress we made in 2024 and the opportunities ahead to profitably grow our business and create significant value for our shareholders. 2024 was a transformative year for OSS. We successfully executed a strategic transition that not only reshaped our business, but we also believe positioned us at the forefront of one of the most dynamic and rapidly growing markets—high-performance edge compute (HPeC) for AI, machine learning (ML), autonomy, and sensor fusion at the edge.

    Our ability to adapt and innovate fueled sequential revenue growth for every quarter of 2024, expanded our order volumes, and strengthened our sales pipeline. As demand for intelligent, real-time processing continues to grow across industries—from defense to aerospace to industrial and commercial applications—OSS is well positioned to capitalize on these powerful market trends.

    Since joining in June 2023, I have talked about a multi-year strategy aimed at producing significant growth within our OSS segment. Our efforts have been focused on three phases. During 2023 we successfully executed our first phase and strengthened our foundation by adding new management and board talent, and pivoting our strategy to pursue higher-margin, higher-growth opportunities across defense and commercial markets. These efforts developed a comprehensive go-to-market strategy, rebuilt our sales pipeline to over $1 billion, and reduced our exposure to legacy low margin, non-core markets.

    With a proper foundation in place to support a larger business, throughout 2024 we executed against our second phase of transformation aimed at converting our pipeline to orders and increasing our competitive position more broadly across defense markets.

    Looking at the progress of our second phase, during 2024 we created a new customer funded development revenue stream to provide more integrated solutions to our customers and establish OSS as a platform incumbent on large, multi-year programs. We believe these efforts will provide meaningful benefits to our business over the long term by contributing a higher mix of predictable recurring revenue and multi-year backlogs.  

    Customer funded development revenue grew by 118% in 2024 to $3.7 million. While still small numbers, this growth highlights our initial efforts to pursue programs that establish OSS in an incumbent position on key military and commercial applications. Development relationships are expected to take one to two years before leading to production orders. As a result, we expect certain development programs that we worked on during 2024 to transition to orders and sales in 2025. This includes commercial applications in datacenter, healthcare, and aerospace markets, combined with multiple opportunities across the U.S. Department of Defense.

    Throughout 2024, we also experienced greater adoption within our OSS segment from both defense and commercial end markets. We continue to experience high levels of interest in our solutions and increasing requests for information, proposals and white papers, as customers look for technology partners like OSS to support their expanding and highly specialized needs. These trends helped grow our customer base and broaden our customer concentration during the year.

    OSS segment growth in our defense market was from new and existing programs. We experienced demand from several programs within the U.S. Army, a renewal for the U.S. Navy P-8 program, a new HPeC solution for a U.S. intelligence agency and a new design win with a leading defense contractor in Asia for an autonomous maritime application.

    Within the defense market, we continue to work on a rugged 360-degree Situational Awareness system for the U.S. Army. If the Army chooses to fund and field this system across one or multiple combat vehicles, we estimate the value of such an opportunity could exceed $200 million in production orders over a three-to-five-year period with additional opportunities for follow on logistics, support and tech refresh options

    In our commercial end market, we experienced customer demand for our solutions from several sectors, including motorsport, autonomous trucking, commercial aerospace, and, importantly, the datacenter markets. We are pursuing a potential $200 million multi-year pipeline opportunity to provide our solutions within the composable infrastructure/datacenter market. In 2024, we announced an initial contract for 100 units with a datacenter customer. We expect our best-in-class solution will expand to multiple customers in 2025, leading to increased revenue potential for 2025 and beyond.

    While the U.S. Army Situational Awareness or composable infrastructure/datacenter opportunities remain subject to fielding and funding decisions, they represent transformative opportunities that we are pursuing to significantly transform our OSS segment

    Finally, after a weaker economy in Europe in 2024, our Bressner segment is off to a good start in 2025 with anticipated rising demand throughout the year. Our embedded position remains strong with our customers, and the programs we have pursued are aligned with our customers’ priorities. As a result, we currently expect the 2025 annual book-to-bill ratio for our OSS segment to be on the order of 1.2x. We believe a higher expected book-to-bill for 2025, on a base of higher annual revenue, showcases accelerating momentum underway for our HPeC and enterprise class compute solutions.

    We anticipate consolidated revenue of $59 to $61 million for the full year of 2025. This includes expected OSS segment revenue of approximately $30 million, representing over 20% year-over-year growth in the OSS segment. In addition, the Company expects to be EBITDA break-even for the full year of 2025. It is important to note that we expect revenue and profitability to improve at a higher rate in the second half of 2025 based on current trends and our expanding sales pipeline.

    Our solutions remain in demand and our opportunities across our commercial and defense markets are only increasing, despite recent economic and trade policies that have increased the level of global economic uncertainty over the near term. We are monitoring the potential impact tariffs may have on our supply chain. In addition, we are beginning to see opportunities emerge as certain of our product lines, specifically in our commercial markets, have the potential to be more competitive against foreign competition.

    As we enter the third year of our transformation, we are proud of our team and what we have accomplished so far and are excited to enter this next phase of accelerating growth and improving profitability.

    We believe the investments we made in 2023 and 2024 have established a solid foundation for scaling our business and capturing transformative revenue opportunities. We believe we have the right products, the right team, and the right strategy to meet the increasing demand for rugged, enterprise-class computing solutions across defense and commercial markets.

    On behalf of the OSS team and Board of Directors, we extend my sincere appreciation to our employees for their dedication, our customers for their trust, and our shareholders for their continued support. Our commitment remains steadfast: to deliver innovative solutions, drive sustainable growth, and enhance shareholder value.

    Respectfully,

    Mike Knowles
    President and CEO

    Ken Potashner
    Chairman

    About One Stop Systems
    One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge’. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.

    OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

    OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

    As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

    OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.

    Forward-Looking Statements
    OSS cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Forward-looking statements include statements regarding OSS’ expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or similar words. Forward-looking statements include, without limitation, statements regarding future financial and operating results, OSS’ plans, objectives, expectations and intentions, and other statements that are not historical facts. These statements are based on OSS’ current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by OSS or its partners that any of our plans or expectations will be achieved, including but not limited to, our ability to expand our product offerings and further penetrate our target markets, future demand for AI/ML integrations, and our business strategies. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

    Media Contacts:
    Robert Kalebaugh
    One Stop Systems, Inc.
    Tel (858) 518-6154
    Email contact

    Investor Relations:
    Andrew Berger
    Managing Director
    SM Berger & Company, Inc.
    Tel (216) 464-6400
    Email contact

    The MIL Network –

  • MIL-OSI: Western Financial Group Champions Earth Day with Community Cleanup Initiatives

    Source: GlobeNewswire (MIL-OSI)

    HIGH RIVER, Alberta, April 17, 2025 (GLOBE NEWSWIRE) — The Western Communities Foundation, the non-profit arm of Western Financial Group, is proud to participate in multi-location community clean-up and tree planting initiatives celebrating Earth Day (April 22). Thanks to an unwavering commitment to sustainability and care for our staff, customers, and the communities in which we live and work, Canada’s Insurance Broker works to create safe places across the country.

    As Western’s CEO Grant Ostir recently announced, our bold 2025 strategy and growth plans require company-wide dedication to providing a sense of security and care for our customers and local communities.

    “Ambitious goals and growth only happen when we’re taking care of each other, our customers and our environments in which we live, play and work,” said Nancy Green-Bolton, Western Communities Foundation Board Chair and Western Financial Group Chief Operating Officer. “As a proudly Canadian company, these Earth Day activities reflect our dedication to creating safe places and thriving communities across the country.”

    Our local teams will participate in various cleanup activities across the regions we serve, including British Columbia, Alberta and Ontario.

    Cleanup Event Details – PHOTO OPP:

    British Columbia

    • Oak Bay (Victoria), BC
      • Event: Earth Day Power Hour Community Clean-Up
      • Date & Time: April 22, 12pm-1pm
      • Location: Oak Bay Brach, 2067 Cadboro Bay Rd
    • Kelowna, BC
      • Event: City of Kelowna Adopt a Stream Clean-up
      • Date & Time: April 22, 9am-11:30am and 2:30-5pm
      • Location: Kelowna Harvey Branch, 2025 Harvey Ave
    • Cranbrook, BC
      • Event: Wildsight Co-Community Clean-Up
      • Date & Time: April 26, 10am-1pm
      • Location: Western Financial Place, 1777 2 St N

    Alberta

    • Okotoks, AB
      • Event: Town of Okotoks Community Clean-Up and Tree Planting
      • Date & Time: May 10, 9am-12pm
      • Location: Sheep River Shelter (Lions Campground), 99 Woodhaven Dr
    • Spruce Grove, AB
      • Event: Spruce Up Spruce Grove Community Clean-Up and Tree Planting
      • Date & Time: May 24, 1-4pm
      • Location: 455 King Street, adjacent to the Community Gardens

    Ontario

    • King City, ON
      • Event: King City Community Tree Planting
      • Date & Time: May 10, 1am-3pm
      • Location: Dean Plummer Park, Nobleton

    “Sustainability and social impact play a big role in our everyday operations at Western,” said Michelle Mak, Director, Western Communities Foundation. “We actively support a variety of inclusive and environmental initiatives throughout the year that positively impact local communities, and we encourage team members, regardless of role or location, to get involved. It’s an opportunity to demonstrate care and kindness in action.”

    For more information about our Earth Day initiatives and Western Communities Foundation, visit westerngives.ca. To learn more about Western Financial Group and our commitment to social impact and sustainability, visit westernfinancialgroup.ca.

    Western Financial Group Communities Foundation

    Founded in 2001, the Western Financial Group Communities Foundation serves to give back to the communities where Western employees live and work and play, and foster employee pride and engagement. The Foundation’s core donation programs include Community Infrastructure Grants, the Western Inspirational Awards for graduating high school students, and The Western Community Care Program where our teams actively raise funds for local causes. Since its inception, the Western Communities Foundation has granted more than $9 million to support local communities.

    About Western Financial Group Inc.

    Headquartered in High River, Alberta, Western Financial Group is a diversified insurance services company that has provided over one million Canadians with protection for over 100 years. Western, a proudly Canadian company, is committed to community service, customer service, innovation, growth, and people while providing personal and business insurance through our engaged team of over 2,000 people in over 200 communities, affiliates, and various connected channels.

    Since the very beginning, supporting our local communities has guided everything we do—it’s who we are. In 2001, the Western Financial Group Communities Foundation (our non-profit charity) was created as a way for our team members to give back and positively impact the people and pride in the places where we live, work, and play. To date, we have granted over $9 million back into our communities.

    Western Financial Group is a subsidiary of Trimont Financial Ltd., a subsidiary of The Wawanesa Mutual Insurance Company. Visit https://westernfinancialgroup.ca for more.

    For more information, contact Nichola Petts, PR Manager, Nichola.petts@westernfg.ca

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2c860a30-3681-4c06-b64f-6bc459ec68f5

    The MIL Network –

  • MIL-OSI: Norwood Financial Corp announces First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Quarterly Highlights:

    • Fully diluted EPS of $0.63, a 14.5% increase over the same period in 2024
    • Return on assets rises to over 1.00%.
    • Net interest margin increased 30 basis points vs. the prior quarter and 11 basis points over the prior year.
    • Loans grew at a 13.5% annualized rate during the first quarter.
    • Capital continues to improve on increased earnings and lower AOCI adjustment.

    HONESDALE, Pa., April 17, 2025 (GLOBE NEWSWIRE) — Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced results for the three months March 31, 2025.

    Jim Donnelly, President and Chief Executive Officer of Norwood Financial Corp and Wayne Bank, stated, “The actions that we took in December 2024 to improve our capital and earnings have given us a great start to 2025. The portfolio repositioning has improved our net interest margin. That, coupled with strong annualized growth in loans and deposits, put us on a positive trajectory for 2025. We continue to benefit from lower deposit costs together with higher assets yields and our deposit growth has allowed us to lower our use of wholesale borrowings.”

    Mr. Donnelly continued, “The capital that we raised in December 2024, has strengthened our balance sheet and will allow our Company to better weather any headwinds that come with global uncertainty. Although we do not have any international business per se, we do have customers who may have exposure to developing trade conditions. Because we are a community bank we are contacting our customers to determine how we can best assist them, if necessary. Additionally, we are being prudent regarding the opportunities in front of us, taking the time to assess the effects of changing economic circumstances.”

    Selected Financial Highlights

    (dollars in thousands, except
    per share data)    		 Year-Over Year Linked Quarter Adjusted Linked Quarter1  
      3 Months Ended 3 Months Ended 3 Months Ended  
      Mar-25 Mar-24 Change Dec-24 Change Dec-24 Change  
    Net interest income 17,857   14,710   3,147 16,625   1,232 16,625   1,232  
    Net interest spread (fte) 2.61%   2.08%   53 bps 2.31%   30 bps 2.31%   30 bps  
    Net interest margin (fte) 3.30%   2.80%   50 bps 3.04%   26 bps 3.04%   26 bps  
    Net income (loss) 5,773   4,433   1,340 (12,651)   18,424 3,119   2,654  
    Diluted earnings per share 0.63   0.55   0.08 -1.54   -2.09 0.38   0.25  
    Return on average assets 1.01%   0.80%   21 bps -2.19%   320 bps 0.54%   47 bps  
    Return on tangible equity 12.40%   11.65%   75 bps -30.77%   (4,317 bps) 7.59%   481 bps  
           

    1 – The above table includes non-GAAP financial measures excluding the one-time $20.0 million net realized loss incurred in the fourth quarter as a result of the repositioning of our investment portfolio. Please see “Non-GAAP Financial Measures” below for a reconciliation of all non-GAAP financial measures.

    Discussion of financial results for the three months ended March 31, 2025:

    • The Company had net income of $5.8 million for the three months ended March 31, 2025, an increase $1.3 million over the same period last year.
    • Net interest income increased during the first quarter of 2025 compared to the first quarter of 2024 due to increases in asset yields which outpaced increases in yields on liabilities.
    • Correspondingly, the net interest margin in the first quarter of 2025 was 3.30% compared to 2.80% in the first quarter of 2024.
    • The efficiency ratio for the first quarter of 2025 was 59.7% compared to 70.6% in the first quarter of 2024.
    • As of March 31, 2025, total assets were $2.376 billion, compared to $2.260 billion at March 31, 2024, an increase of 5.07%.
    • Loans receivable were $1.771 billion at March 31 2025, compared to $1.621 billion at March 31, 2024, an increase of 9.24%.
    • Total deposits were $2.004 billion at March 31 2025, compared to $1.839 billion at March 31, 2024, an increase of 9.00%.
    • Tangible Common Equity was 8.16% as of March 31, 2025, versus 6.80% at March 31, 2024.
    • Tangible Book Value per share increased $0.81 from $19.85 at December 31, 2024 to $20.66 at March 31, 2025.

    Norwood Financial Corp is the parent company of Wayne Bank, which operates from sixteen offices throughout Northeastern Pennsylvania and fourteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York. The Company’s stock trades on the Nasdaq Global Market under the symbol “NWFL”.

    Non-GAAP Financial Measures

    This release references adjusted net income, adjusted diluted earnings per share, adjusted return on average assets and adjusted return on tangible equity, all of which are non-GAAP (Generally Accepted Accounting Principles) financial measures. Adjusted values were derived by reversing the effect of loss on sale of securities in December 2024 along with the attendant tax effect. We believe the presentation of adjusted net income, adjusted diluted earnings per share, adjusted return on average assets and adjusted return on tangible equity ensures comparability of these measures as the portfolio restructuring is not something the Company expects to be a recurring event.

    Adjusted Return on Average Assets      
    (Dollars in thousands)      
      Three Months Ended
      December 31, 2024
    Net (loss) income $ (12,651)  
    Average assets   2,299,732  
    Return on average assets (annualized)   -2.19 %
    Net (loss) income   (12,651)  
    Net realized losses on sale of securities   19,962  
    Tax effect at 21%   (4,192)  
    Adjusted Net Income (Non-GAAP)   3,119  
    Average assets   2,299,732  
    Adjusted return on average assets (annualized)      
    (Non-GAAP)   0.54 %
           
           
    Adjusted Return on Average Tangible Shareholders’ Equity      
    (Dollars in thousands)      
           
      Three Months Ended
      December 31, 2024
    Net (loss) income $ (12,651)  
    Average shareholders’ equity   192,981  
    Average intangible assets   29,424  
    Average tangible shareholders’ equity   163,557  
    Return on average tangible shareholders’ equity (annualized)   -30.77 %
    Net (loss) income   (12,651)  
    Net realized losses on sale of securities   19,962  
    Tax effect at 21%   (4,192)  
    Adjusted Net Income (Non-GAAP)   3,119  
    Average tangible shareholders’ equity   163,557  
    Adjusted return on average shareholders’ equity (annualized)      
    (Non-GAAP)   7.59 %
           
           
    Adjusted Earnings Per Share      
    (Dollars in thousands)      
           
      Three Months Ended
      December 31, 2024
    GAAP-Based Earnings Per Share, Basic $ (1.54)  
    GAAP-Based Earnings Per Share, Diluted $ (1.54)  
    Net (Loss) Income   (12,651)  
    Net realized losses on sale of securities   19,962  
    Tax effect at 21%   (4,192)  
    Adjusted Net Income (Non-GAAP)   3,119  
    Adjusted Earnings per Share, Basic (Non-GAAP) $ 0.38  
    Adjusted Earnings per Share, Diluted (Non-GAAP) $ 0.38  

    The following table reconciles average equity to average tangible equity:

        For the Period Ended
    (dollars in thousands)   March 31
          2025       2024  
                 
    Average equity   $ 218,194     $ 182,088  
    Average goodwill and other intangibles     (29,409 )     (29,476 )
    Average tangible equity   $ 188,785     $ 152,612  
                 

    Forward-Looking Statements

    The Private Securities Litigation Reform Act of 1995 contains safe harbor provisions regarding forward-looking statements. When used in this discussion, the words “believes”, “anticipates”, “contemplates”, “expects”, “bode”, “future performance” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected. Those risks and uncertainties include, among other things, changes in federal and state laws, changes in interest rates, our ability to maintain strong credit quality metrics, our ability to have future performance, our ability to control core operating expenses and costs, demand for real estate, government fiscal and trade policies, cybersecurity and general economic conditions. The Company undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

    Contact: John M. McCaffery
    Executive Vice President &
    Chief Financial Officer
    NORWOOD FINANCIAL CORP
    272-304-3003
    www.waynebank.com 

             
    NORWOOD FINANCIAL CORP        
    Consolidated Balance Sheets        
    (dollars in thousands, except share and per share data)        
     (unaudited)        
        March 31
        2025     2024  
    ASSETS        
       Cash and due from banks $ 31,729   $ 19,519  
       Interest-bearing deposits with banks   43,678     92,444  
              Cash and cash equivalents   75,407     111,963  
             
      Securities available for sale   408,742     398,374  
      Loans receivable   1,771,269     1,621,448  
      Less: Allowance for credit losses   20,442     18,020  
         Net loans receivable   1,750,827     1,603,428  
      Regulatory stock, at cost   7,616     6,545  
      Bank premises and equipment, net   20,273     18,057  
      Bank owned life insurance   46,914     45,869  
      Foreclosed real estate owned   –     97  
      Accrued interest receivable   8,587     8,135  
      Deferred tax assets, net   17,859     21,642  
      Goodwill   29,266     29,266  
      Other intangible assets   136     202  
      Other assets   10,417     16,845  
              TOTAL ASSETS $ 2,376,044   $ 2,260,423  
             
    LIABILITIES        
       Deposits:        
         Non-interest bearing demand $ 391,377   $ 383,362  
         Interest-bearing   1,613,071     1,455,636  
              Total deposits   2,004,448     1,838,998  
      Short-term borrowings   –     60,055  
      Other borrowings   118,590     151,179  
      Accrued interest payable   13,864     11,737  
      Other liabilities   18,435     17,241  
                TOTAL LIABILITIES   2,155,337     2,079,210  
             
    STOCKHOLDERS’ EQUITY        
      Preferred Stock, no par value per share, authorized 5,000,000 shares   –     –  
      Common Stock, $.10 par value per share,        
             authorized: 20,000,000 shares,        
             issued: 2025: 9,489,398 shares, 2024: 8,310,847 shares   949     831  
      Surplus   126,785     97,893  
      Retained earnings   127,865     137,285  
      Treasury stock, at cost: 2025: 229,979 shares, 2024: 200,690 shares   (6,208 )   (5,397 )
      Accumulated other comprehensive loss   (28,684 )   (49,399 )
               TOTAL STOCKHOLDERS’ EQUITY   220,707     181,213  
             
              TOTAL LIABILITIES AND        
                     STOCKHOLDERS’ EQUITY $ 2,376,044   $ 2,260,423  
             
             
    NORWOOD FINANCIAL CORP        
    Consolidated Statements of Income        
    (dollars in thousands, except per share data)        
      (unaudited)        
        Three Months Ended March 31,
        2025     2024  
    INTEREST INCOME        
        Loans receivable, including fees $ 25,988   $ 23,681  
        Securities   3,870     2,526  
        Other   226     731  
             Total Interest income   30,084     26,938  
             
    INTEREST EXPENSE        
       Deposits   10,748     10,110  
       Short-term borrowings   458     336  
       Other borrowings   1,021     1,782  
            Total Interest expense   12,227     12,228  
    NET INTEREST INCOME   17,857     14,710  
    PROVISION FOR (RELEASE OF) CREDIT LOSSES $ 857   $ (624 )
    NET INTEREST INCOME AFTER PROVISION FOR (RELEASE OF) CREDIT LOSSES   17,000     15,334  
             
             
    OTHER INCOME        
        Service charges and fees   1,513     1,343  
        Income from fiduciary activities   325     238  
        Gains on sales of loans, net   47     6  
        Earnings and proceeds on life insurance policies   286     268  
        Other   180     151  
               Total other income   2,351     2,006  
             
    OTHER EXPENSES        
          Salaries and employee benefits   6,472     6,135  
          Occupancy, furniture and equipment   1,378     1,261  
          Data processing and related operations   1,085     1,022  
          Taxes, other than income   192     93  
          Professional fees   659     585  
          FDIC Insurance assessment   406     361  
          Foreclosed real estate   4     21  
          Amortization of intangibles   15     19  
          Other   1,853     2,235  
                 Total other expenses   12,064     11,732  
             
    INCOME BEFORE TAX EXPENSE   7,287     5,608  
    INCOME TAX EXPENSE   1,514     1,175  
    NET INCOME $ 5,773   $ 4,433  
             
    Basic earnings per share $ 0.63   $ 0.55  
             
    Diluted earnings per share $ 0.63   $ 0.55  
                 
    NORWOOD FINANCIAL CORP                                    
    NET INTEREST MARGIN ANALYSIS                                    
    (dollars in thousands)                                    
                                         
      For the Quarter Ended
      March 31, 2025 December 31, 2024 March 31, 2024
      Average   Average   Average   Average   Average   Average  
      Balance Interest    Rate   Balance Interest     Rate   Balance Interest     Rate  
      (2) (1) (3)   (2) (1) (3)   (2) (1) (3)  
    Assets                                    
    Interest-earning assets:                                    
      Interest-bearing deposits with banks $ 20,802   $ 226   4.41   % $ 46,629   $ 574   4.90   % $ 53,930   $ 730   5.44   %
       Securities available for sale:                                    
         Taxable   408,427     3,623   3.60       404,777     2,434   2.39       402,275     2,147   2.15    
         Tax-exempt (1)   44,242     312   2.86       65,628     449   2.72       69,880     481   2.77    
            Total securities available for sale (1)   452,669     3,935   3.53       470,405     2,883   2.44       472,155     2,628   2.24    
         Loans receivable (1) (4) (5)   1,743,572     26,120   6.08       1,690,650     26,246   6.18       1,612,106     23,775   5.93    
            Total interest-earning assets   2,217,043     30,281   5.54       2,207,684     29,703   5.35       2,138,191     27,133   5.10    
    Non-interest earning assets:                                    
       Cash and due from banks   28,705             27,283             24,593          
       Allowance for credit losses   (20,154 )           (18,741 )           (19,096 )        
       Other assets   93,131             83,506             73,692          
            Total non-interest earning assets   101,682             92,048             79,189          
    Total Assets $ 2,318,725           $ 2,299,732           $ 2,217,380          
    Liabilities and Stockholders’ Equity                                    
    Interest-bearing liabilities:                                    
       Interest-bearing demand and money market $ 546,884   $ 2,801   2.08     $ 528,330   $ 3,017   2.27     $ 449,825   $ 2,311   2.07    
       Savings   211,905     142   0.27       209,362     162   0.31       235,545     250   0.43    
       Time   793,803     7,805   3.99       764,819     7,805   4.06       725,199     7,549   4.19    
          Total interest-bearing deposits   1,552,592     10,748   2.81       1,502,511     10,984   2.91       1,410,569     10,110   2.88    
    Short-term borrowings   44,297     458   4.19       46,267     348   2.99       57,997     336   2.33    
    Other borrowings   93,549     1,021   4.43       133,620     1,528   4.55       155,498     1,782   4.61    
       Total interest-bearing liabilities   1,690,438     12,227   2.93       1,682,398     12,860   3.04       1,624,064     12,228   3.03    
    Non-interest bearing liabilities:                                    
       Demand deposits   380,544             394,001             386,066          
       Other liabilities   29,549             30,352             25,162          
          Total non-interest bearing liabilities   410,093             424,353             411,228          
       Stockholders’ equity   218,194             192,981             182,088          
    Total Liabilities and Stockholders’ Equity $ 2,318,725           $ 2,299,732           $ 2,217,380          
    Net interest income/spread (tax equivalent basis)       18,054   2.61   %       16,843   2.31   %       14,905   2.08   %
    Tax-equivalent basis adjustment       (197 )           (218 )           (195 )    
    Net interest income     $ 17,857           $ 16,625           $ 14,710      
    Net interest margin (tax equivalent basis)         3.30   %         3.04   %         2.80   %
                                         
                                         
    (1) Interest and yields are presented on a tax-equivalent basis using a marginal tax rate of 21%.                           
    (2) Average balances have been calculated based on daily balances.                              
    (3) Annualized                                    
    (4) Loan balances include non-accrual loans and are net of unearned income.                            
    (5) Loan yields include the effect of amortization of deferred fees, net of costs.                            
    NORWOOD FINANCIAL CORP        
    Financial Highlights (Unaudited)        
    (dollars in thousands, except per share data)        
             
    For the Three Months Ended March 31   2025     2024  
             
    Net interest income $ 17,857   $ 14,710  
    Net income   5,773     4,433  
             
    Net interest spread (fully taxable equivalent)   2.61 %   2.08 %
    Net interest margin (fully taxable equivalent)   3.30 %   2.80 %
    Return on average assets   1.01 %   0.80 %
    Return on average equity   10.73 %   9.79 %
    Return on average tangible equity   12.40 %   11.68 %
    Basic earnings per share $ 0.63   $ 0.55  
    Diluted earnings per share $ 0.63   $ 0.55  
             
    As of March 31   2025     2024  
             
    Total assets $ 2,376,044   $ 2,260,423  
    Total loans receivable   1,771,269     1,621,448  
    Allowance for credit losses   20,442     18,020  
    Total deposits   2,004,448     1,838,998  
    Stockholders’ equity   220,707     181,213  
    Trust assets under management   198,761     202,020  
             
    Book value per share $ 23.84   $ 22.34  
    Tangible book value per share $ 20.66   $ 18.71  
    Equity to total assets   9.29 %   8.02 %
    Allowance to total loans receivable   1.15 %   1.11 %
    Nonperforming loans to total loans   0.45 %   0.23 %
    Nonperforming assets to total assets   0.33 %   0.17 %
             
    NORWOOD FINANCIAL CORP                    
    Consolidated Balance Sheets (unaudited)                    
    (dollars in thousands)                    
        March 31   December 31   September 30   June 30   March 31
        2025   2024   2024   2024   2024
    ASSETS                    
    Cash and due from banks $ 31,729 $ 27,562 $ 47,072 $ 29,903 $ 19,519
    Interest-bearing deposits with banks   43,678   44,777   35,808   39,492   92,444
    Cash and cash equivalents   75,407   72,339   82,880   69,395   111,963
                         
    Securities available for sale   408,742   397,846   396,891   397,578   398,374
    Loans receivable   1,771,269   1,713,638   1,675,139   1,641,356   1,621,448
    Less: Allowance for credit losses   20,442   19,843   18,699   17,807   18,020
    Net loans receivable   1,750,827   1,693,795   1,656,440   1,623,549   1,603,428
    Regulatory stock, at cost   7,616   13,366   6,329   6,443   6,545
    Bank owned life insurance   46,914   46,657   46,382   46,121   45,869
    Bank premises and equipment, net   20,273   19,657   18,503   18,264   18,057
    Foreclosed real estate owned   –   –   –   –   97
    Goodwill and other intangibles   29,402   29,418   29,433   29,449   29,468
    Other assets   36,863   44,384   42,893   44,517   46,622
    TOTAL ASSETS $ 2,376,044 $ 2,317,462 $ 2,279,751 $ 2,235,316 $ 2,260,423
                         
    LIABILITIES                    
    Deposits:                    
    Non-interest bearing demand $ 391,377 $ 381,479 $ 420,967 $ 391,849 $ 383,362
    Interest-bearing deposits   1,613,071   1,477,684   1,434,284   1,419,323   1,455,636
    Total deposits   2,004,448   1,859,163   1,855,251   1,811,172   1,838,998
    Borrowings   118,590   214,862   197,412   210,422   211,234
    Other liabilities   32,299   29,929   31,434   31,534   28,978
    TOTAL LIABILITIES   2,155,337   2,103,954   2,084,097   2,053,128   2,079,210
                         
    STOCKHOLDERS’ EQUITY   220,707   213,508   195,654   182,188   181,213
                         
    TOTAL LIABILITIES AND                    
    STOCKHOLDERS’ EQUITY $ 2,376,044 $ 2,317,462 $ 2,279,751 $ 2,235,316 $ 2,260,423
                         
    NORWOOD FINANCIAL CORP                    
    Consolidated Statements of Income (unaudited)                    
    (dollars in thousands, except per share data)                    
        March 31   December 31   September 30   June 30   March 31
    Three months ended   2025    2024    2024    2024    2024 
    INTEREST INCOME                    
    Loans receivable, including fees $ 25,988   $ 26,122   $ 25,464   $ 24,121   $ 23,681  
    Securities   3,870     2,789     2,526     2,584     2,526  
    Other   226     574     497     966     731  
    Total interest income   30,084     29,485     28,487     27,671     26,938  
                         
    INTEREST EXPENSE                    
    Deposits   10,748     10,984     10,553     10,687     10,110  
    Borrowings   1,479     1,876     2,003     2,059     2,118  
    Total interest expense   12,227     12,860     12,556     12,746     12,228  
    NET INTEREST INCOME   17,857     16,625     15,931     14,925     14,710  
    PROVISION FOR (RELEASE OF) CREDIT LOSSES   857     1,604     1,345     347     (624 )
    NET INTEREST INCOME AFTER (RELEASE OF) PROVISION                    
    FOR CREDIT LOSSES   17,000     15,021     14,586     14,578     15,334  
                         
    OTHER INCOME                    
    Service charges and fees   1,513     1,595     1,517     1,504     1,343  
    Income from fiduciary activities   325     224     256     225     238  
    Net realized (losses) gains on sales of securities   –     (19,962 )   –     –     –  
    Gains on sales of loans, net   47     50     103     36     6  
    Gains on sales of foreclosed real estate owned   –     –     –     32     –  
    Earnings and proceeds on life insurance policies   286     275     261     253     268  
    Other   180     159     158     157     151  
    Total other income   2,351     (17,659 )   2,295     2,207     2,006  
                         
    OTHER EXPENSES                    
    Salaries and employee benefits   6,472     6,690     6,239     5,954     6,135  
    Occupancy, furniture and equipment, net   1,378     1,291     1,269     1,229     1,261  
    Foreclosed real estate   4     9     9     15     21  
    FDIC insurance assessment   406     335     339     309     361  
    Other   3,804     5,094     4,175     3,937     3,954  
    Total other expenses   12,064     13,419     12,031     11,444     11,732  
                         
    INCOME BEFORE TAX (BENEFIT) EXPENSE   7,287     (16,057 )   4,850     5,341     5,608  
    INCOME TAX (BENEFIT) EXPENSE   1,514     (3,406 )   1,006     1,128     1,175  
    NET (LOSS) INCOME $ 5,773   $ (12,651 ) $ 3,844   $ 4,213   $ 4,433  
                         
    Basic (loss) earnings per share $ 0.63   $ (1.54 ) $ 0.48   $ 0.52   $ 0.55  
                         
    Diluted (loss) earnings per share $ 0.63   $ (1.54 ) $ 0.48   $ 0.52   $ 0.55  
                         
    Book Value per share $ 23.84   $ 23.02   $ 24.18   $ 22.52   $ 22.34  
    Tangible Book Value per share   20.66     19.85     20.54     18.88     18.71  
                         
    Return on average assets (annualized)   1.01 %   -2.19 %   0.68 %   0.75 %   0.80 %
    Return on average equity (annualized)   10.73 %   -26.08 %   8.09 %   9.41 %   9.79 %
    Return on average tangible equity (annualized)   12.40 %   -30.77 %   9.58 %   11.26 %   11.68 %
                         
    Net interest spread (fte)   2.61 %   2.31 %   2.23 %   2.06 %   2.08 %
    Net interest margin (fte)   3.30 %   3.04 %   2.99 %   2.80 %   2.80 %
                         
    Allowance for credit losses to total loans   1.15 %   1.16 %   1.12 %   1.08 %   1.11 %
    Net charge-offs to average loans (annualized)   0.07 %   0.12 %   0.08 %   0.13 %   0.08 %
    Nonperforming loans to total loans   0.45 %   0.46 %   0.47 %   0.47 %   0.23 %
    Nonperforming assets to total assets   0.33 %   0.34 %   0.35 %   0.34 %   0.17 %

    The MIL Network –

  • MIL-OSI: authID Joins the Secure Technology Alliance to Advance the Development of Global Identity Standards Across Authentication Technologies

    Source: GlobeNewswire (MIL-OSI)

    This membership underscores commitment to enhancing data protection and user privacy through industry collaboration

    DENVER, COLORADO, April 17, 2025 (GLOBE NEWSWIRE) — authID® (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced its membership in the Secure Technology Alliance (STA), a prominent industry association dedicated to promoting the understanding, adoption, and widespread application of secure solutions, including smart cards, embedded chip technology, and related hardware and software.

    The Secure Technology Alliance serves as a neutral forum that brings together leading providers and adopters of end-to-end security solutions designed to protect privacy and digital assets across various sectors, including payments, identity, access, healthcare, mobile, and IoT applications. authID’s membership underscores the critical role that biometric identification and continuous authentication serves for security protocols across a wide variety of industries.

    “Joining the Secure Technology Alliance aligns perfectly with our mission to deliver innovative and secure biometric authentication solutions,” said Rhon Daguro, CEO of authID. “We are eager to collaborate with industry leaders within the STA to drive the adoption of secure technologies that protect identities and data.”

    authID’s biometric identity verification and authentication solutions ensure enterprises “Know Who’s Behind the Device” for every customer or employee login and transaction, while prioritizing privacy and compliance at every step along the journey. Through its leading platform including Proof, Verified, and the groundbreaking PrivacyKey™, authID provides seamless and easily integrated services that verify a user’s identity and prevent cybercriminals from compromising account openings or taking over accounts.

    In combining secure digital onboarding and biometric authentication with a fast, accurate, user-friendly experience, one-in-one-billion false-match accuracy and PrivacyKey’s groundbreaking protocol that saves no biometric data whatsoever, authID provides enterprises and end users with peace of mind regarding data access and storage.

    “We are delighted to welcome authID as a member of the Secure Technology Alliance,” said Christina Hulka, Executive Director of the Secure Technology Alliance. “Our members are the backbone of our organization. We look forward to seeing how authID taps into its unique perspectives on biometric authentication and commitment to compliant identity verification to collaborate with fellow members across the technology landscape. Together, the Alliance can advance secure solutions and shape the future of secure digital identity.”

    The Secure Technology Alliance offers its members opportunities to participate in working committees, access educational resources, and engage in events that provide insights into the latest developments in secure technologies. As a member, authID will contribute to initiatives that promote the adoption of secure solutions across various industries.

    “Our membership with the STA represents a significant step forward in our commitment to enhancing data protection and user privacy,” said Erick Soto, Chief Product Officer of authID. “We look forward to contributing to the development of best practices and standards that will shape the future of secure authentication technologies.”

    For more information about the Secure Technology Alliance, visit their website at https://www.securetechalliance.org/.

    About authID
    authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform. authID powers biometric identity proofing in 700ms, biometric authentication in 25ms, and account recovery with a fast, accurate, user-friendly experience. With our ground-breaking PrivacyKey Solution, authID provides a 1-to-1-billion false match rate, while storing no biometric data. authID stops fraud at onboarding, blocks deepfakes, prevents account takeover, and eliminates password risks and costs, through the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem.

    About Secure Technology Alliance
    The Secure Technology Alliance is the digital security industry’s premier association. By collaborating on education and guidance, the Alliance helps enable efficient, timely and effective implementation of large-scale, disruptive technologies. Its U.S. Payments Forum is the only non-profit organization bringing together merchants, issuers, payment networks, acquirers, processors and technology makers on neutral ground to develop resources for the betterment of the payments industry. The Alliance is also strengthened by its Identity and Access Forum which is dedicated to advancing the adoption and development of secure identification, including physical and digital technologies. This includes mobile drivers’ licenses, access control and various forms of identity authentication. For more information on the Alliance’s activities, please visit https://www.securetechalliance.org.

    Media Contacts

    NextTech Communications
    Walter Fowler
    1-631-334-3864
    wfowler@nexttechcomms.com

    Investor Relations Contacts
    Investor-Relations@authid.ai

    The MIL Network –

  • MIL-OSI: Infinidat Recognized on the CRN® Storage 100 List for the Sixth Consecutive Year; Recognized as One of 2025’s 50 Coolest Software-Defined Storage Vendors

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., April 17, 2025 (GLOBE NEWSWIRE) — Infinidat, a leading provider of enterprise storage solutions, today announced that CRN®, a brand of The Channel Company, has included Infinidat on the 2025 CRN Storage 100 list in the Software Defined Storage category. This recognition is the sixth consecutive year that Infinidat has been named to CRN’s prestigious annual Storage 100 list. Infinidat was chosen for its dedication to bringing best-in-class enterprise storage solutions to the channel. As part of the CRN Storage 100, Infinidat is also recognized as one of the “50 Coolest Software-Defined Storage Vendors.”

    “Being named to the CRN Storage 100 list for the sixth time and being recognized as one of the 50 Coolest Software-Defined Storage Vendors in 2025 reinforce our continued powerful partnership with the channel. We love working with our channel partners to provide enterprise customers with exceptional technical and business value with Infinidat’s enterprise storage solutions,” said Eric Herzog, CMO at Infinidat. “CRN’s recognition adds to the growing number of awards and accolades that Infinidat is receiving for our work with channel partners, whether it’s for our technical innovation, our 5-star rated partner program, or our channel leadership team. With incredible forward momentum, Infinidat is creating new opportunities for partners to increase their revenues and profitability.”

    The CRN Storage 100 spotlights storage vendors, such as Infinidat, for their transformational advantages, cutting-edge technology, and high-impact strategic partnerships. The Storage 100 list serves as a valuable resource for solution providers looking to optimize their portfolios with critical storage solutions in areas such as software-defined storage, next-generation data protection, storage management, hybrid multi-cloud, and cyber resilience. Companies on the 50 Coolest Software-Defined Storage Vendors list are recognized for bringing software capabilities, services and cloud connectivity to storage technology.

    “We’re pleased to highlight the companies on the Storage 100 list for their commitment to working hand in hand with the channel to deliver transformational storage solutions,” Jennifer Follett, VP, U.S. Content and Executive Editor, CRN, at The Channel Company. “These technology vendors consistently prioritize meaningful storage innovation and evolving partner strategies that advance success for all parts of the channel ecosystem.”

    To view Infinidat on CRN’s 50 Coolest Software-Defined Storage Vendors list for 2025, click here. To view the CRN Storage 100 list, click here.

    About The Channel Company
    The Channel Company (TCC) is the global leader in channel growth for the world’s top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit thechannelco.com.

    About Infinidat
    Infinidat provides enterprises and service providers with a platform-native primary and secondary storage architecture that delivers comprehensive data services based on InfiniVerse®. This unique platform delivers outstanding IT operating benefits, support for modern workloads across on-premises and hybrid multi-cloud environments. Infinidat’s cyber resilient-by-design infrastructure, consumption-based performance, 100% availability, and cyber security guaranteed SLAs align with enterprise IT and business priorities. Infinidat’s award-winning platform-native data services and acclaimed white glove service are continuously recommended by customers. For more information, visit www.infinidat.com.

    Connect with Infinidat
    About Infinidat
    Read our blog
    Follow us on X
    Join us on LinkedIn
    Visit us on Facebook
    See us on YouTube
    Be our partner

    Media Contact
    Infinidat
    Sapna Capoor
    Director of Global Communications
    scapoor@infinidat.com I Mobile: +44 (0) 7789684159

    The MIL Network –

  • MIL-OSI: Berry Corporation Announces Date for First Quarter 2025 Earnings Release and Conference Call/Webcast

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 17, 2025 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today announced it will report first quarter 2025 results on Thursday, May 8, 2025, before the open of U.S. financial markets and will host a conference call and webcast Thursday morning, May 8, 2025, to discuss these results; details and links are provided below:

    Earnings Call Information

    Call Date:  Thursday, May 8, 2025
    Call Time: 11:00 am a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time

    Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/2swb49hy or at https://bry.com/category/events

    Participant Dial-in

    To ask a question on the call, please dial in using the phone number and passcode below:

    Toll-Free: (800) 715-9871
    Passcode: 6035522

    A web based audio replay will be available shortly after the broadcast and will be archived at https://ir.bry.com/reports-resources or visit https://edge.media-server.com/mmc/p/2swb49hy or https://bry.com/category/events

    About Berry Corporation (BRY)

    Berry is a publicly traded (NASDAQ: BRY) western United States independent upstream energy company with a focus on onshore, low geologic risk, long-lived oil and gas reserves. We operate in two business segments: (i) exploration and production (“E&P”) and (ii) well servicing and abandonment services. Our E&P assets are located in California and Utah, are characterized by high oil content and are predominantly located in rural areas with low population. Our California assets are in the San Joaquin Basin (100% oil), and our Utah assets are in the Uinta Basin (65% oil). We provide our well servicing and abandonment services to third party operators in California and our California E&P operations through C&J Well Services (CJWS). More information can be found at the Company’s website at www.bry.com.

    COMPANY CONTACT:

    Christopher Denison – Investor Relations
    ir@bry.com
    (661) 616-3811

    Forward Looking Statements

    This news release contains forward-looking statements. Berry’s management believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove correct. A number of factors could cause actual results to differ materially from the projections, anticipated results, or other expectations expressed in this news release. These factors include our ability to meet financial guidance or distribution expectations; our ability to safely and efficiently operate Berry’s assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our capital program and development and production plans; potential acquisitions and other strategic opportunities; reserves; hedging activities; and the other factors described in the “Risk Factors” section of Berry’s most-recent Form 10-K filed with the Securities and Exchange Commission and other public filings and press releases. Berry undertakes no obligation to publicly update or revise any forward-looking statements.

    The MIL Network –

  • MIL-OSI: Nametag Launches Adaptive e-ID Verification™, Integration with India’s Aadhaar National Digital Identity System

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, April 17, 2025 (GLOBE NEWSWIRE) — Nametag, the identity verification platform known for pioneering Deepfake Defense™ and Adaptive Document Verification™, today expanded its global leadership with the launch of Adaptive e-ID Verification™, a new capability that enables people to verify their identity using their government-issued digital ID (e-ID) in place of a physical identity document. The feature debuts with a direct integration with Aadhaar, India’s national digital identity system, offering a seamless, document-free identity verification experience for people located in India.

    Nametag’s mission is to protect people and their accounts against impersonation through trusted, accessible identity verification. This new feature combines the speed and familiarity of Aadhaar with the security and assurance of Nametag’s Deepfake Defense™ engine to protect Indian residents from bad actors armed with generative AI and other emerging tools.

    Protecting Over 1 Billion Aadhaar Holders with Deepfake Defense™

    Aadhaar, maintained by the Unique Identification Authority of India (UIDAI), is one of the most widely adopted digital identity systems in the world. As of July 2022, more than 99.9% of Indian adults had an Aadhaar ID number. Critically, Aadhaar records include a trusted profile photo, which Nametag uses to match against a user’s live selfie, eliminating the need for physical ID capture while maintaining Nametag’s industry-high standard for identity assurance.

    While Aadhaar provides a trusted, government-issued photo, Nametag’s technology ensures that the person completing the verification flow is the legitimate Aadhaar account holder. This integration marks the first time a digital ID system as widely adopted as Aadhaar has been paired with Deepfake Defense™ identity verification, enabling organizations to verify employees and customers in India with unmatched speed and trust.

    A New Standard for Secure, Document-Free Identity Verification

    Organizations using Nametag can now securely verify over 1 billion employees and customers in India without requiring them to scan a physical ID.

    Nametag’s approach reduces friction for users in India while ensuring that every verification is protected against impersonation attempts. Users simply enter their Aadhaar number, validate a one-time passcode (OTP) sent to their Aadhaar-linked phone number, and complete a Spatial Selfie™—a unique biometric likeness and liveness check developed by Nametag to combat AI-generated deepfakes and other sophisticated impersonation attempts.

    Even if an attacker obtains an Aadhaar number and intercepts the associated OTP, they cannot pass the Spatial Selfie™ check, powered by Nametag’s Deepfake Defense™ engine.

    “The launch of Adaptive e-ID Verification with Aadhaar underscores Nametag’s commitment to continuous innovation in identity verification,” said Aaron Painter, CEO of Nametag. “By integrating with Aadhaar, we’re enabling organizations to deliver a more secure, seamless, and locally relevant verification experience for users in India. Adaptive e-ID Verification combines Nametag’s Deepfake Defense™ engine with Aadhaar’s digital identity ecosystem—giving global organizations new and greater capabilities to prevent fraud and improve user experiences.”

    This new feature is automatically enabled for organizations using Nametag to verify people in India. Nametag’s customers include major global enterprises that use the company’s solutions for workforce onboarding, account recovery, and helpdesk verification.

    To learn more, watch a demo video, or request a live demo, visit getnametag.com.

    About Nametag

    Nametag provides integrated identity verification and account protection solutions that prevent modern impersonation threats and streamline user experiences. Powered by Deepfake Defense™, Nametag detects and blocks sophisticated attacks which bypass other, outdated approaches to user verification, delivering the highest possible level of identity assurance. Nametag’s out-of-the-box solutions help enterprises secure their entire user account lifecycle, from onboarding through recovery, while ensuring compliance with the latest privacy standards. Security-conscious enterprises trust Nametag to protect their businesses and reduce IT and support costs. For more information, visit getnametag.com.

    Nametag Media Contact:

    Jennifer Schenberg
    PenVine for Nametag
    917-445-4454
    jennifer@penvine.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/043b3360-75af-4c7d-9b05-72aa6023c7c8

    The MIL Network –

  • MIL-OSI: GSI Technology to Announce Fiscal Fourth Quarter and Year End 2025 Results on May 1, 2025

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., April 17, 2025 (GLOBE NEWSWIRE) — GSI Technology, Inc. (Nasdaq: GSIT), the inventor of the Associative Processing Unit (APU), a paradigm shift in artificial intelligence (AI) and high-performance compute (HPC) processing providing true compute-in-memory technology, will announce financial results for its fiscal fourth quarter and year ended March 31, 2025 after the market close on Thursday, May 1, 2025. Management will also conduct a conference call to review the Company’s fourth quarter and year end financial results and its current outlook for the first quarter of fiscal 2026 at 1:30 p.m. Pacific time (4:30 p.m. Eastern Time) on that same day.

    To participate in the call, please dial 1-877-407-3982 in the U.S. or 1-201-493-6780 for international approximately 10 minutes prior to the above start time and provide Conference ID 13753362. The call will also be streamed live via the internet at https://ir.gsitechnology.com/.

    A replay will be available from May 1, 2025 at 7:30 p.m. Eastern Time through May 8, 2025 at 11:59 p.m. Eastern Time by dialing toll free for the U.S. 1-844-512-2921 or international 1-412-317-6671 and entering pin number 13753362. A webcast of the call will be archived on the Company’s investor relations website under the Events and Presentations tab.

    ABOUT GSI TECHNOLOGY
    Founded in 1995, GSI Technology, Inc. is a leading provider of semiconductor memory solutions. GSI’s resources are focused on bringing new products to market that leverage existing core strengths, including radiation-hardened memory products for extreme environments and Gemini-I, the associative processing unit designed to deliver performance advantages for diverse artificial intelligence applications. GSI Technology is headquartered in Sunnyvale, California, and has sales offices in the Americas, Europe, and Asia.

    For more information, please visit www.gsitechnology.com.

    Contacts:

    Investor Relations:
    Hayden IR
    Kim Rogers
    385-831-7337
    kim@haydenir.com

    Media Relations:
    Finn Partners for GSI Technology
    Ricca Silverio
    415-348-2724
    gsi@finnpartners.com

    Company:
    GSI Technology, Inc.
    Douglas M. Schirle
    Chief Financial Officer
    408-331-9802

    The MIL Network –

  • MIL-OSI: CareCloud to Announce First Quarter 2025 Results on May 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., April 17, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO), a leader in healthcare technology and generative AI solutions for medical practices and health systems nationwide, will release its financial results for the first quarter ended March 31, 2025 before the market opens on Tuesday, May 6, 2025. The Company will follow with a conference call for investors at 8:30 a.m. Eastern Time.

    The live webcast of the conference call and related presentation slides can be accessed at ir.carecloud.com/events. An audio-only option is available by dialing 201-389-0920 and referencing “CareCloud First Quarter 2025 Results Conference Call.” Investors who opt for audio-only will need to download the related slides at ir.carecloud.com/events.

    A replay of the conference call and related presentation slides will be available approximately three hours after conclusion of the call at the same link. An audio-only option can also be accessed by dialing 412-317-6671 and providing the access code 13753440.

    About CareCloud

    CareCloud (Nasdaq: CCLD, CCLDO) brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at carecloud.com.

    Follow CareCloud on LinkedIn, X and Facebook.

    For additional information, please visit our website at carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.

    SOURCE CareCloud

    Company Contact:
    Norman Roth
    Interim Chief Financial Officer and Corporate Controller
    CareCloud, Inc.
    nroth@carecloud.com

    Investor Contact:
    Stephen Snyder
    Co-Chief Executive Officer
    CareCloud, Inc.
    ir@carecloud.com

    The MIL Network –

  • MIL-OSI: Microchip Completes Radiation-Hardened Power MOSFET Family to MIL-PRF-19500/746 and Achieves JANSF 300 Krad Capability

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., April 17, 2025 (GLOBE NEWSWIRE) — The JANS qualification represents the highest level of screening and acceptance requirements, ensuring the superior performance, quality and reliability of discrete semiconductors for aerospace, defense and spaceflight applications. Microchip Technology (Nasdaq: MCHP) today announces its completion of its family of radiation-hardened (rad-hard) power MOSFETs to the MIL-PRF-19500/746 slash-sheet specification and the achievement of JANSF qualification for its JANSF2N8587U3, 100V N-channel MOSFET to 300 Krad (Si) Total Ionizing Dose (TID).

    Microchip’s JANS series of rad-hard power devices is available in voltage ranges from 100–250V to 100 Krad (Si) TID, with the family expanding to higher Radiation Hardness Assurance (RHA) levels, starting with the JANSF2N7587U3 at 300 Krad (Si) TID. The JANS RH MOSFET die is available in multiple package options including a plastic package using the MIL-qualified JANSR die, providing a cost-effective power device for New Space and Low Earth Orbit (LEO) applications. The ceramic package is hermetically sealed and developed for total dose and Single-Event-Environments (SEE).

    The devices are designed to meet the MIL-PRF19500/746 standard with enhanced performance, making them excellent options for applications that demand high-reliability components capable of withstanding the harsh environments of space and extending the reliability of power circuitry.

    “Meeting the stringent specifications required for rad-hard MOSFETs is extremely challenging, and Microchip is pleased to achieve this development milestone by leveraging its proprietary rad-hard by design process and technology,” said Leon Gross, corporate vice president of Microchip’s discrete products group. “Our advanced technology provides our aerospace and defense customers with highly reliable and cost-effective solutions that meet the growing demand of the market and their applications.”

    The JANSF and JANSR RH power MOSFETs serve as the primary switching elements in power conversion circuits, including point-of-load converters, DC-DC converters, motor drives and controls, and general-purpose switching. With low RDS(ON) and a low total gate charge, these power MOSFETs offer improved energy efficiency, reduced heat generation and enhanced switching performance when compared to similar devices on the market.

    Microchip offers a broad portfolio of high-reliability solutions designed for aerospace and defense including Radiation-Tolerant (RT) and Radiation-Hardened (RH) MCUs, FPGAs and Ethernet PHYs, power devices, RF products, timing solutions, as well as discrete components from bare die to system modules. Additionally, Microchip offers a wide range of components on the QPL to better serve its customers. To learn more about Microchip’s aerospace and defense solutions, visit the web page.

    Development Tools

    There are Spice Models available for our JANS MOSFETs, offering additional resources for software simulation and design optimization.

    Pricing and Availability

    The JANSF and JANSR devices are available in limited sampling upon request. For additional information contact a Microchip sales representative.

    Resources

    High-res images available through Flickr or editorial contact (feel free to publish):

    About Microchip Technology:
    Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve over 100,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    Note: The Microchip name and logo, the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

    The MIL Network –

  • MIL-OSI: Former Australian Ambassador to the United States, The Hon. Arthur Sinodinos AO, Joins Cove Capital as Special Advisor to Bolster Strategic Growth in its global Critical Minerals Operations

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) — Cove Capital LLC (“Cove” or the “Company”), a company at the forefront of developing critical minerals projects and advanced downstream technologies globally, is proud to announce the appointment of The Hon. Arthur Sinodinos AO, former Australian Ambassador to the United States, as a Special Advisor.

    Ambassador Sinodinos brings to Cove Capital a wealth of experience at the highest levels of diplomacy, business, and government policy. His tenure as Ambassador to the United States (2020–2023) was marked by a strong focus on deepening U.S.-Australia cooperation on energy security and critical minerals supply chains — priorities that align directly with Cove Capital’s mission. His leadership was instrumental in forging the U.S.-Australia Climate, Critical Minerals and Clean Energy Transformation Compact, which laid the foundation for collaborative investment and innovation in the sector.

    “We are honored to welcome Ambassador Sinodinos to the Cove Capital team,” said Pini Althaus, Chairman and CEO of Cove Capital. “His unique ability to navigate the intersection of diplomacy, policy, and strategic industry partnerships — particularly between Australia and the United States — is invaluable as we continue to scale our global ambitions in critical minerals and downstream technology development.”

    Cove Capital is actively engaged in the advancement of critical minerals projects in Central Asia, with a particular focus on Kazakhstan through its Portfolio company Kaz Resources, and in Uzbekistan. In these regions, with support from the U.S. government and under the framework of various Critical Minerals Agreements, the company is working alongside local governments and partners to unlock high-grade deposits of rare earth elements, lithium, and other key critical materials vital to national security and advanced manufacturing applications. These projects are designed not only to meet growing United States demand, but also to establish long-term, transparent supply chains that support a supply chain independent of China.

    In addition to its upstream activities, Cove Capital is strategically invested in downstream technology, including its Portfolio company, REEMAG LLC. REEMAG has developed an innovative and proprietary carbon-free and chemical-free recycling process for end-of-life rare earth NdFeB (neodymium-iron-boron) magnets — a critical bottleneck in today’s supply chain. The collaboration positions Cove Capital as a vertically integrated player in the rare earths sector, from resource development to refined materials.

    Ambassador Sinodinos will play a key role in advising Cove Capital on international government relations, stakeholder engagement, and strategic alliances — particularly as the company expands its presence in North America and Central Asia.

    “This is an exciting opportunity to support a company that is both innovative and strategically aligned with national and international priorities,” said Ambassador Sinodinos. “Cove Capital is contributing meaningfully to the resilience and diversification of critical mineral supply chains. I look forward to helping advance their mission in collaboration with key allies and partners.”

    As global demand for critical minerals accelerates, Cove Capital remains committed to being a reliable partner for governments, technology firms, and defense companies seeking reliable supply chains and ethically sourced and responsibly processed materials that power the future.

    About Cove Capital LLC

    Cove Capital was founded in 2015. With offices in Melbourne and New York (head office), Cove Capital invests in mining, processing and renewable energy technology. Since 2018, Cove Capital has been at the forefront of investment and development in critical minerals projects in the United States, Central Asia, Latin America, the Middle East and the Indo-Pacific region. Cove Capital, under the visionary leadership of Mr. Pini Althaus, brings unparalleled knowledge and extensive experience to the critical minerals industry.

    The MIL Network –

  • MIL-OSI: Electrify Expo Spotlights 5 Key E-Bike Trends Driving Growth into 2025

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, April 17, 2025 (GLOBE NEWSWIRE) — Electrify Expo, North America’s largest electric vehicle (EV) and technology festival, is seeing major shifts in e-bike consumer trends as it gears up for another record-breaking year. With e-bike adoption accelerating even amidst a volatile market, the festival’s position as the intersection between a demo experience and a sales transaction, Electrify Expo is in a unique position to forecast important shifts and trends that can help E-bike manufacturers, dealers and retailers adapt to changing market conditions.

    Garnering over 100,000 thousand e-bike demo rides in 2024, brands that exhibit at Electrify Expo experience real-time feedback and sales tractions unlike anywhere else.

    “As the largest electric vehicle festival in North America, we’re seeing firsthand how consumer behavior is shaping the future of e-bikes,” said BJ Birtwell, Founder and CEO of Electrify Expo. “Each season, Electrify Expo drives thousands of e-bike sales in the U.S. because we provide consumers with an immersive, hands-on demo experience that directly influences their purchase decisions.”

    Fat Tire E-Bikes are Leading the Charge
    Fat tire e-bikes have surged in popularity, appealing to riders looking for versatility and stability. These models are particularly well-suited for all-terrain adventures, including sand, snow, gravel and rough trails. Consumers are drawn to their ability to handle diverse conditions while providing a smoother and more comfortable ride. At Electrify Expo, these bikes have consistently attracted large crowds, with many first-time buyers opting for fat tire models due to their durability and ease of use.

    Cargo Bikes Replacing Cars For Some Shoppers With Short Commutes
    More urban commuters are making the switch from traditional vehicles to cargo e-bikes, a trend that continues to grow among Electrify Expo attendees. These bikes are becoming an essential transportation solution for families and city dwellers looking to reduce car dependency. Whether used for school drop-offs, grocery runs, or short commutes, cargo e-bikes offer a practical, eco-friendly and cost-effective alternative to cars. With the rise of bike-friendly infrastructure in cities, this category is expected to see even greater adoption into 2025.

    Class 2 E-Bikes are in High Demand
    Consumers are increasingly seeking e-bikes that offer more than just pedal assist, fueling the demand for Class 2 e-bikes equipped with throttle control. These bikes provide riders with the flexibility to either pedal or engage the throttle for an effortless ride. Particularly popular among first-time buyers, Class 2 e-bikes appeal to those who want a more accessible and user-friendly option. Electrify Expo has seen a noticeable uptick in test rides and purchases of Class 2 models, demonstrating their growing market dominance.

    The $1,500 – $3,000 Price Sweet Spot
    Affordability remains a key factor in consumer purchasing decisions, and the $1,000 – $3,000 price range has become the sweet spot for first-time e-bike buyers. This segment balances cost with high-quality components, offering consumers reliability without breaking the bank. At Electrify Expo, this price range has consistently driven strong sales, as many attendees prefer to test ride multiple models before making a purchase. With ongoing advancements in battery technology and motor efficiency, brands operating in this space are expected to see continued growth into 2025.

    “We started GhostCat Bikes with a simple goal: to deliver high-performance e-bikes at a best-value price point—between $2,000 and $3,000—without compromising on performance, quality or customer service,” said Kevin Michaud, founder of GhostCat. “We’re proud to open the door to a broader market, making premium e-biking accessible for more people to enjoy.”

    Market Consolidation in the E-Bike Industry
    The e-bike market is experiencing a wave of consolidation, with larger brands acquiring smaller competitors and increasing their market share. As the industry matures, dominant players are emerging, leading to a more streamlined market with fewer but stronger competitors. This trend is creating opportunities for well-established brands to expand their reach while making it more challenging for smaller startups to compete. Electrify Expo provides a crucial platform for both emerging and established brands to showcase their products and gain visibility in an evolving industry.

    Electrify Expo invites e-bike manufacturers, retailers, and industry innovators to demonstrate their latest products at upcoming events. Don’t miss the chance to be part of the movement that’s electrifying the future of mobility.

    For exhibitor opportunities and more information, visit www.electrifyexpo.com.

    Electrify Expo’s 2025 tour schedule:

    • March 22-23: Orlando, FL
    • April 12-13: Phoenix, AZ
    • June 21-22: Los Angeles, CA
    • July 12-13: Seattle, WA
    • August 23-24: San Francisco, CA
    • September 13-14: Chicago, IL **new city
    • October 17-19: New York, NY
    • November 8-9: Dallas, TX **new city

    Media interested in attending may request credentials by emailing ee@skyya.com.

    About Electrify Expo
    Electrify Expo is North America’s largest electric vehicle (EV) and technology festival, where consumers come to shop and experience all things electric. The festival showcases the industry’s leading brands and exciting startups through hands-on activations, demos and experiences spanning EVs, micromobility, solar energy, charging solutions, powersports, automotive aftermarket, and connected home technology, providing attendees with immersive learning opportunities and memorable interactions. From high-powered demo courses to engaging education zones, Electrify Expo offers a unique festival vibe for consumers to reshape what they think they know about EVs. In 2025, Electrify Expo’s nationwide tour will visit Orlando, Phoenix, Dallas, Los Angeles, Seattle, San Francisco, Chicago and New York. To stay up to date on the latest news and announcements from Electrify Expo, visit www.electrifyexpo.com and follow on Facebook, Instagram and YouTube.

    Media Contact
    Skyya PR
    ee@skyya.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/43510df0-7cc9-4a4a-b11b-f568aa5f6d16

    The MIL Network –

  • MIL-OSI: NowVertical Launches DataCatalyst on Microsoft Azure Marketplace, Unlocking Enterprise AI at Scale

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 17, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NowVertical” or the “Company”), a leading data and AI solutions provider, today announced the launch of its flagship DataCatalyst Solution on the Microsoft Azure Marketplace, reinforcing the Company’s strategic positioning at the intersection of enterprise AI, data infrastructure modernisation, and Microsoft ecosystem expansion.

    Built to address the growing urgency around AI adoption, DataCatalyst is a ready-to-deploy, Azure-native solution designed to unify, enrich, and operationalise enterprise data – propelling clients forward on their data journey. It enables seamless, secure, and real-time data movement, cutting time-to-value on data products by up to 50% and reducing integration costs by up to 30%, laying the essential groundwork for Generative AI, automation, and real-time analytics.

    “Many enterprises are eager to embrace AI, but they’re held back by fragmented systems, poor data quality, and the complexity and cost of maintaining well governed data pipelines across their organisation. We developed DataCatalyst in direct response to this growing demand for real-world AI enablement,” said Sandeep Mendiratta, CEO of NowVertical. “Reports show 74% of companies struggle to realise meaningful ROI from their AI initiatives, DataCatalyst gives our clients a secure and accelerated path to operationalising their AI investments, while delivering measurable ROI from their existing data estate.”

    This launch builds on NowVertical’s strategic initiative to create a Microsoft Center of Excellence (COE) launched 26th November 2024 — a global unit comprising more than 50 certified Azure professionals across India, LATAM, and the UK. NowVertical has delivered over 50 large scale Azure-based projects for enterprise clients, helping organisations optimise operations, reduce costs, and fast-track their data transformation journey.

    For more information or to explore DataCatalyst on Azure Marketplace, visit:
    https://azuremarketplace.microsoft.com/en-us/marketplace/apps/nowvertical.nowvertical_datacatalyst_solution?tab=Overview

    About NowVertical Group Inc.
    The Company is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions.

    For further details about NowVertical, please visit www.nowvertical.com.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    For further information, please contact:

    Andre Garber, CDO
    IR@nowvertical.com

    Investor Relations: Bristol Capital Ltd.
    Stefan Eftychiou
    stefan@bristolir.com
    (905) 326-1888 x60

    Forward-Looking Statements

    This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (together “forward-looking statements”). Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s management’s discussion and analysis for the year ended December 31, 2024. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: NXP Semiconductors Announces Conference Call to Review First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    EINDHOVEN, The Netherlands, April 17, 2025 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ: NXPI) today announced it will release financial results for the first quarter 2025 after the close of normal trading on the NASDAQ Global Select Market on Monday, April 28, 2025. The company will host a conference call with the financial community on Tuesday, April 29, 2025, at 8:00 a.m. U.S. Eastern Daylight Time (EDT).

    Earnings Conference Call Details 
    Interested parties may pre-register for the webcast or obtain a user-specific access code to join the live conference call.

    A replay of the call will be available via webcast for on-demand listening shortly after the completion of the call.

    About NXP Semiconductors 

    NXP Semiconductors N.V. (NASDAQ: NXPI) is the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. NXP’s “Brighter Together” approach combines leading-edge technology with pioneering people to develop system solutions that make the connected world better, safer, and more secure. The company has operations in more than 30 countries and posted revenue of $12.61 billion in 2024. Find out more at www.nxp.com.

       
    For further information, please contact:  
       
    Investor: Media:
    Jeff Palmer Paige Iven
    jeff.palmer@nxp.com paige.iven@nxp.com
    +1 408 205 0687 +1 817 975 0602
       

    NXP-CORP 

    The MIL Network –

  • MIL-OSI: TAB Bank Secures $4 million ABL and $2.5 million Equipment Loan for HydroEdge Solutions to Drive Expansion

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, April 17, 2025 (GLOBE NEWSWIRE) — TAB Bank closed a $4 million asset-based lending (ABL) and $2.5 million equipment loan with HydroEdge Solutions, a leading water transfer and fluid management services provider for the energy industry. This capital will allow HydroEdge Solutions to expand its operations, furthering its commitment to efficiency, safety and sustainability.

    HydroEdge Solutions, based in Canonsburg, PA, specializes in delivering fluid management solutions, ensuring the seamless transfer of fluids from the source to the destination without leaks, interruptions or incidents. The company’s services include automation, trucking and water transfer with a focus on safety and environmental responsibility.

    “We are excited to partner with HydroEdge Solutions in providing tailored financial solutions to support its growth,” said Bill Bahls, Vice President of Business Development at TAB Bank. “TAB Bank specializes in supporting innovative companies like HydroEdge with a combination of working capital and equipment financing. The right balance of financing types allows companies to acquire the necessary equipment while maintaining the liquidity they need for operational and scalable growth.”

    TAB Bank structured the deal as an accounts receivable (AR)-only ABL facility, with an initial funding of $4.4 million—comprised of both ABL and new equipment funding lines. This working capital and equipment financing will support HydroEdge Solutions’ growth trajectory, strengthening operational stability and supporting expansion.

    “We have really enjoyed working with the team from TAB Bank,” said John Folino, CFO of Myers Water Transfer, LLC dba HydroEdge Solutions. “They have been instrumental in crafting a credit solution unique to our company’s needs that will prove to be vital as we scale. We look forward to continuing to work with them in the months and years to come as a trusted financial partner.”

    TAB Bank offers customized financial solutions to small and midsized businesses across various industries, specializing in asset-based lending, equipment financing and working capital solutions. By partnering with companies like HydroEdge Solutions, TAB Bank reaffirms its mission—building value by providing bold financial solutions that lift and empower.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-624-5172
    trevor.morris@tabbank.com

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