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Category: GlobeNewswire

  • MIL-OSI: Virturo on the Future of Crypto Investing: Why Digital Assets Are Becoming Portfolio Essentials in 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON, March 04, 2025 (GLOBE NEWSWIRE) — Virturo has announced the latest expansion of its AI-powered risk management tools, designed to help traders navigate the ongoing volatility in cryptocurrency markets. With market fluctuations persisting in early 2025, the company has enhanced its automated analysis features to provide real-time insights and customizable trading strategies for digital asset CFDs.

    “With advanced AI-driven analysis and human supervision, Virturo enables traders to take advantage of market opportunities, ensuring a robust investment strategy,” says Alex Melnyk, Senior Investment Specialist at Virturo.

    Why Cryptocurrencies Are an Investment Essential in 2025

    Cryptocurrencies are reshaping financial markets, offering investors new opportunities for diversification, inflation hedging, and high-growth potential. As the digital economy expands, assets like Bitcoin and Ethereum are becoming crucial in long-term portfolio strategies.

    • Hedge Against Inflation – Digital currencies like Bitcoin, often referred to as “digital gold,” provide protection against currency devaluation and economic uncertainty.
    • Diversification Benefits – With markets shifting, cryptocurrencies reduce reliance on traditional assets like stocks and bonds, offering alternative growth avenues.
    • High Growth Potential – As blockchain technology advances, digital assets continue to show strong potential for long-term value appreciation.

    Navigating Volatility: Risk Management with Virturo

    Cryptocurrency markets are known for their volatility, requiring traders to employ risk management tools to safeguard positions. Virturo’s AI-powered platform offers traders real-time data tracking, predictive market analysis, and automated risk management tools to help safeguard investments.

    “Our AI tools, combined with expert oversight, provide personalized trading strategies to ensure crypto investments align with long-term financial goals,” adds Melnyk. From stop-loss orders to take-profit mechanisms, Virturo equips traders with the risk management solutions needed for stability in a fluctuating market.

    The Virturo Edge: AI-Powered Crypto Investing

    Virturo is redefining CFD crypto trading with a powerful blend of AI-driven insights and expert supervision. The platform equips traders with cutting-edge tools that analyze market trends, automate risk management, and optimize trade execution, all in real time.

    • Smart trading signals for optimal entry and exit points
    • Custom risk controls to protect against market swings
    • Seamless execution across diverse crypto assets

    From first-time investors to experienced traders, Virturo delivers the insights and technology needed to trade digital markets with confidence.

    Users can discover the future of crypto investing and visit Virturo | Virtue in Every Trade to explore AI-powered trading solutions and take control of the portfolio.

    About Virturo

    Virturo, a leading broker in CFD trading and financial technology, is redefining investment strategies with its AI-driven automated trading and advanced risk management solutions.

    Website | LinkedIn | Twitter | YouTube | Facebook

    Contact
    Virturo
    support@virturo.com

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/eae62249-c964-4504-95e5-2e15461d946b

    The MIL Network –

  • MIL-OSI: BAWAG Group hosts Investor Day and announces new targets for 2027

    Source: GlobeNewswire (MIL-OSI)

    BAWAG Group today hosts its second Investor Day following our IPO in October 2017. After over seven years as a public company, we are taking stock on what we have achieved to date and more importantly focusing on how we have positioned our franchise for growth. Following our transformation over the past decade, BAWAG Group today ranks among the most profitable and efficient banks in Europe, with the financial strength to support our customers and local communities.

    We have already delivered all our medium-term financial targets laid out in 2021. The team takes a great deal of pride in delivering on our commitments, but we also recognize there is much more ahead.

    For our Investor Day, we are outlining a new set of medium-term financial targets. By 2027, we plan to generate over €2.7 billion net profit from 2025 through 2027, with net profit of > €1 billion in 2027. We also plan to generate over €1 billion in excess capital, after accounting for a 55% dividend payout ratio, which we hope to deploy towards incremental organic growth above our stated net profit target, further M&A, and/or capital distributions. As we have done in the past, we will assess our capital position at the end of each year and communicate distributions according to our capital distribution framework. We are targeting to deliver a return on tangible common equity (RoTCE) > 20% across all cycles and plan to achieve a cost-income ratio (CIR) < 33% by 2027.

    “This past year we delivered a return on tangible common equity of 26% and have averaged 18% over the last 13 years, which included 8 years of zero or negative rates, of which we underearned as a franchise. After delivering a record year in 2024 and closing two transformative acquisitions, BAWAG Group stands as one of the best performing European banks, an achievement that has been years in the making and a tremendous source of pride for our team.

    However, our best years lie ahead. Our goal is ‘1+1’ in 2027: We are targeting net profit > €1 billion in 2027 while also generating excess capital > €1 billion through 2027. The resilience of our franchise lies in our ability to deliver results across all cycles as we are built for all seasons. Going forward we will be able to deliver continued positive operating leverage with significant revenue growth while keeping our cost discipline. Our approach is consistent: focus on the things you control, be patient and disciplined, keep a conservative risk appetite, be good stewards of capital, and build the right culture. Our team is focused on delivering on our commitments and deeply committed to the long-term success of the franchise”, comments Anas Abuzaakouk, CEO of BAWAG Group.

    The presentation is available on our website www.bawaggroup.com and the webcast will start at 3pm CET.

    About BAWAG Group

    BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving over 4 million retail, small business, corporate, real estate and public sector customers across Austria, Germany, Switzerland, Netherlands, Western Europe, and the United States. The Group operates under various brands and across multiple channels offering comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services. Our goal is to deliver simple, transparent, and affordable financial products and services that our customers need. BAWAG Group’s Investor Relations website https://www.bawaggroup.com/ir contains further information, including financial and other information for investors.

    Forward looking statement

    This release contains “forward-looking statements” regarding the financial condition, results of operations, business plans and future performance of BAWAG Group. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “would,” “could” and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect management’s expectations as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, economic conditions, the regulatory environment, loan concentrations, vendors, employees, technology, competition, and interest rates. Readers are cautioned not to place undue reliance on the forward-looking statements as actual results may differ materially from the results predicted. Neither BAWAG Group nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this report or its content or otherwise arising in connection with this document. This report does not constitute an offer or invitation to purchase or subscribe for any securities and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This statement is included for the express purpose of invoking “safe harbor provisions”.

    Contact:

    Financial Community:
    Jutta Wimmer (Head of Investor Relations)
    Tel: +43 (0) 5 99 05-22474

    IR Hotline: +43 (0) 5 99 05-34444
    E-mail: investor.relations@bawaggroup.com

    Media:
    Manfred Rapolter (Head of Corporate Communications and Social Engagement)
    Tel: +43 (0) 5 99 05-31210
    E-mail: communications@bawaggroup.com

    This text can also be downloaded from our website: https://www.bawaggroup.com

    The MIL Network –

  • MIL-OSI: Atsign Makes Local AI Models Invisible and Globally Accessible

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Atsign, the originator of security through invisibility, today announced a groundbreaking solution that delivers secure, global access to locally running AI models, without exposing them to the public internet. This innovation, integrating with platforms like Ollama and popular LLMs such as DeepSeek, Mistral, Llama, and Gemma, empowers people to harness the full potential of AI from anywhere, while maintaining privacy and control.

    Building on the success of its invisible cloud deployments on Google Cloud Platform and Oracle Cloud Infrastructure, Atsign is now extending its approach to AI security. Using Atsign’s NoPorts, organizations and individuals can create direct, peer-to-peer connections to their home, office, or private cloud based AI models, without having to know its IP address and eliminating the need for port forwarding. This means authorized people, entities, and things gain secure, remote access without the risk of public exposure.

    “The AI revolution should be personal and private,” said Colin Constable, CTO at Atsign. “With NoPorts, people and organizations can now enjoy the power of private AI models without compromising their data or exposing their systems to vulnerabilities. We’re making AI truly accessible on your terms while making it invisible to prying eyes.”

    Key Benefits

    • Enhanced Privacy and Security – AI models remain invisible to bad actors on the public internet, and direct, peer-to-peer connections eliminate the risk of unauthorized access and data breaches.
    • Global Accessibility – Access your AI models from anywhere in the world, without the complexities of VPNs, port forwarding or public IP addresses.
    • Seamless Integration – Works effortlessly with Ollama and popular AI models like DeepSeek, Mistral, Llama 2, and Gemma.
    • Complete Control – Maintain full ownership and control over data and AI models.

    Atsign’s technology eliminates the need for exposing sensitive local resources to the public internet, offering a paradigm shift in how humans interact with AI models and other services. This innovative approach ensures that humans can leverage the power of private AI models without sacrificing security or privacy.

    “We are committed to empowering individuals and organizations with secure and private access to their digital resources,” added Constable. “Our solution for private AI Models is another step towards realizing our vision of an internet where privacy is the default.”

    About Atsign

    Atsign specializes in embedded security technology infrastructure, software solutions, and SDKs. The company is providing the technology for the next generation of the Internet with simplicity, security, and privacy built in. Atsign’s products are based on the promise of a new approach to networking using public key cryptography and personal data services. Learn more at Atsign.com.

    About NoPorts

    NoPorts simplifies and secures remote access. With a zero trust architecture, end-to-end encryption ensuring data privacy, and the elimination of network attack surfaces, NoPorts offers the most secure tunnel for remote access. NoPorts empowers businesses to achieve greater operational efficiency, improved scalability, and enhanced security—all while reducing costs and complexity. Learn more at NoPorts.com.

    Media Contact:

    Scott Hetherington
    Atsign
    Scott@Atsign.com
    844-827-0985

    The MIL Network –

  • MIL-OSI: Marquette National Corporation Reports 2024 Annual Results

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 04, 2025 (GLOBE NEWSWIRE) — Marquette National Corporation (OTCQX: MNAT) today reported net income of $17.1 million for the year ended December 31, 2024, compared to net income of $16.1 million for the year ended December 31, 2023. The Company recorded earnings per share of $3.91 for 2024 as compared to earnings of $3.69 per share for the year ended December 31, 2023.

    At December 31, 2024, total assets were $2.208 billion, an increase of $66 million, or 3%, compared to $2.142 billion at December 31, 2023. Total loans decreased by $19.3 million, to $1.405 billion compared to $1.425 billion at the end of 2023. Total deposits increased by $30.0 million, or 2%, to $1.740 billion compared to $1.710 billion at the end of 2023.

    Paul M. McCarthy, Chairman & CEO, said, “the primary reason for the increase in consolidated earnings was a higher level of realized and unrealized gains on the Company’s equity portfolio in 2024. The increase in realized and unrealized gains on the Company’s equity portfolio was partially offset by a decrease in net interest income and an increase in provision for credit losses.”

    Marquette National Corporation is a diversified financial holding company and the parent of Marquette Bank, a full-service, community bank that serves the financial needs of communities in Chicagoland. The Bank has branches located in: Chicago, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Forest, Oak Lawn, Orland Park, Summit and Tinley Park, Illinois.

    For further information on financial results, visit: https://www.otcmarkets.com/stock/MNAT/disclosure.

    Special Note Concerning Forward-Looking Statements. 

    This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “bode”, “predict,” “suggest,” “project”, “appear,” “plan,” “intend,” “estimate,” ”annualize,” “may,” “will,” “would,” “could,” “should,” “likely,” “might,” “potential,” “continue,” “annualized,” “target,” “outlook,” as well as the negative forms of those words, or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.

    A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, but are not limited to: (i) the strength of the local, state, national and international economies and financial markets (including effects of inflationary pressures and supply chain constraints); (ii) effects on the U.S. economy resulting from the implementation of policies proposed by the new presidential administration, including tariffs, mass deportations and tax regulations; (iii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics, acts of war or threats thereof (including the Russian invasion of Ukraine and ongoing conflicts in the Middle East), or other adverse events that could cause economic deterioration or instability in credit markets, and the response of the local, state and national governments to any such adverse external events; (iv) new or revised accounting policies and practices, as may be adopted by state and federal regulatory agencies, the Financial Accounting Standards Board or the Public Company Accounting Oversight Board; (v) changes in local, state and federal laws, regulations and governmental policies concerning the Company’s general business and any changes in response to the bank failures in 2023; (vi) the imposition of tariffs or other governmental policies impacting the value of products produced by the Company’s commercial borrowers; (vii) increased competition in the financial services sector, including from non-bank competitors such as credit unions and fintech companies, and the inability to attract new customers; (viii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (ix) unexpected results of acquisitions which may include failure to realize the anticipated benefits of the acquisitions and the possibility that transaction costs may be greater than anticipated; (x) the loss of key executives and employees, talent shortages and employee turnover; (xi) changes in consumer spending; (xii) unexpected outcomes and costs of existing or new litigation or other legal proceedings and regulatory actions involving the Company; (xiii) the economic impact on the Company and its customers of climate change, natural disasters and exceptional weather occurrences such as tornadoes, floods and blizzards; (xiv) fluctuations in the value of securities held in our securities portfolio, including as a result of changes in interest rates; (xv) credit risk and risks from concentrations (by type of borrower, geographic area, collateral and industry) within our loan portfolio and large loans to certain borrowers (including CRE loans); (xvi) the overall health of the local and national real estate market; (xvii) the ability to maintain an adequate level of allowance for credit losses on loans; (xviii) the concentration of large deposits from certain clients who have balances above current FDIC insurance limits and who may withdraw deposits to diversify their exposure; (xix) the ability to successfully manage liquidity risk, which may increase dependence on non-core funding sources such as brokered deposits, and may negatively impact the Company’s cost of funds; (xx) the level of non-performing assets on our balance sheets; (xxi) interruptions involving our information technology and communications systems or third-party servicers; (xxii) the occurrence of fraudulent activity, breaches or failures of our third-party vendors’ information security controls or cybersecurity-related incidents, including as a result of sophisticated attacks using artificial intelligence and similar tools or as a result of insider fraud; (xxiii) changes in the interest rates and repayment rates of the Company’s assets; (xxiv) the effectiveness of the Company’s risk management framework, and (xxv) the ability of the Company to manage the risks associated with the foregoing as well as anticipated. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

     
    Marquette National Corporation and Subsidiaries
    Financial Highlights
    (Unaudited)
    (in thousands, except share and per share data)
                     
                     
    Balance Sheet            
            12/31/24    12/31/23   Percent
     Change
                     
      Total assets   $2,207,663   $2,142,039     3 %
      Total loans, net     1,390,799     1,410,345     -1 %
      Total deposits     1,739,799     1,709,750     2 %
      Total stockholders’ equity   173,579     159,053     9 %
                 
      Shares outstanding   4,367,477     4,381,162     0 %
      Book value per share $39.74   $36.30     9 %
      Tangible book value per share $31.65   $28.24     12 %
                 
                 
    Operating Results            
        Year Ended December 31,   Percent
    Change
          2024     2023      
      Net Interest income $45,032   $48,654     -7 %
      Provision for credit losses   3,700     2,619     41 %
      Realized securities gains (losses), net   1,947     (662 )   *
      Unrealized holding gains on equity securities and exchange traded funds   20,416     15,476     32 %
      Other income   16,051     15,596     3 %
      Other expense   56,769     54,913     3 %
      Income tax expense   5,848     5,411     8 %
      Net income   17,129     16,121     6 %
                 
      Basic and fully dilluted earnings per share $3.91   $3.69     6 %
      Weighted average shares outstanding   4,376,610     4,372,570     0 %
                 
      Cash dividends declared per share $1.12   $1.12     0 %
                 
      Comprehensive income $19,858   $24,132     -18 %
                   
      * Not meaningful            
                   

    For more information:
    Patrick Hunt
    EVP & CFO
    708-364-9019           
    phunt@emarquettebank.com

    The MIL Network –

  • MIL-OSI: Radware to Host its Hackers Challenge in Peru

    Source: GlobeNewswire (MIL-OSI)

    MAHWAH, N.J., March 04, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, announced it is holding its Hackers Challenge on March 13, 2025, in Lima, Peru at the Westin Lima Hotel and Convention Center. The flagship event, which brings together global security and technology experts from the private and public sector, will combine learning, collaboration and innovation to help companies solve their most pressing cybersecurity issues.

    According to Piero Garmendia, Radware’s regional manager for the South of Latin America region, “Radware’s Hackers Challenge offers organizations a unique opportunity to watch hackers in live action and then apply that learning in strengthening their own cyber defense strategies. We are convinced the simulation will serve as a key platform to inspire ideas and prepare security professionals for the cyber challenges of the future.”

    During the event, hackers will go head-to-head with Radware’s security experts and web application and API protection defenses, trying to breach protected web applications by circumventing tools designed to block their malicious attempts. While witnessing the hackers’ techniques, the live audience will learn corresponding protection strategies.

    In addition, participants will learn how artificial intelligence can be used to manage security vulnerabilities across corporate networks. They also will get firsthand insights from a panel of cybersecurity and digital transformation experts representing government offices and leading financial institutions from Peru as well as an international embassy.

    “In a world that is becoming more inter-connected, cybersecurity is a fundamental pillar for progress,” said Arie Simchis, Radware’s regional director in Latin America. “Our event reflects Radware’s leadership and ongoing commitment to cybersecurity innovation in the region. Operating for nearly 20 years in Latin America, we intend to continue to play a major role in strengthening cybersecurity capabilities and increasing technological resilience across the region.”

    Radware’s Latin American presence spans Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, Mexico, Panama, and Peru. In addition, the company has cloud security service centers in Chile and Brazil. The Latin American facilities are part of Radware’s worldwide network of over 50 cloud security service centers, which offer a combined mitigation capacity of 15Tbps. The company plans to continue to grow its global footprint, opening more cloud security service centers in 2025.

    Visit Radware’s Hackers Challenge website for more information.

    About Radware
    Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

    Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, YouTube, and Radware Mobile for iOS.

    ©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

    Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

    The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

    Safe Harbor Statement
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say in this press release that we intend to continue to play a major role in strengthening cybersecurity capabilities and increasing technological resilience across the region, we are using forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, and the tensions between China and Taiwan; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; a shortage of components or manufacturing capacity could cause a delay in our ability to fulfill orders or increase our manufacturing costs; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns, such as the COVID-19 pandemic; our net losses in the past two years and possibility we may incur losses in the future; a slowdown in the growth of the cyber security and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

    Media Contacts:
    Gerri Dyrek
    Radware
    Gerri.Dyrek@radware.com

    The MIL Network –

  • MIL-OSI: The subsidiary of Aktsiaselts Infortar development project in Laagri

    Source: GlobeNewswire (MIL-OSI)

    Aktsiaselts Infortar holds a 90% shareholding in the subsidiary OÜ INF Saue, which owns a property located at Saue tee 10 in Laagri, covering an area of 76,879 m².

    OÜ INF Saue, as the lessor, has entered into a long-term lease agreement with Rimi Eesti Foods AS, under which the lessor has developed a logistics centre on the property with a net area of 24,745 m². The building was constructed by OÜ INF Ehitus and developed by Infortar, the building has now been handed over to the tenant, Rimi Eesti Foods AS.

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,228 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    The MIL Network –

  • MIL-OSI: New Equifax Report: Fraud Concerns are Escalating with 89 per cent of Canadians Saying Companies Must Do More

    Source: GlobeNewswire (MIL-OSI)

    Seniors and Quebecers Report the Greatest Fraud Concerns
    – Equifax Canada Market Pulse Fraud Trends and Consumer Survey Report –

    TORONTO, March 04, 2025 (GLOBE NEWSWIRE) — Concerns about fraud are escalating among Canadians, with a new Equifax Canada survey* conducted ahead of Fraud Prevention Month revealing that 89 per cent of those surveyed believe companies must do more to protect personal data. Seniors and Quebec residents are particularly worried, demanding stronger fraud prevention measures and broader fraud education.

    Key findings of the survey:

    • More than half (55 per cent) of respondents believe identity thieves will always be one step ahead, with 51 per cent unsure of how to respond to fraud.
    • Seniors aged 65+ feel most at risk, with 96 per cent agreeing that companies must improve fraud protections, compared to 75 per cent of those aged 18-24.
    • Quebec (94 per cent) residents demanded the most action from companies on fraud prevention, while Alberta (86 per cent) was the lowest.
    • 64 per cent of respondents recognize that financial fraud fuels serious crimes like human trafficking and illegal weapons trade.
    • 58 per cent of respondents struggle to keep up with the latest scams, leaving many feeling vulnerable.
    • 48 per cent of respondents personally know someone who has been a victim of identity theft.

    “Fraud prevention is a major concern for many Canadians. Research shows that every dollar lost to a fraudster costs individuals and banks significantly more money. Companies must act now to strengthen fraud protection,” said Carl Davies, Head of Fraud & Identity at Equifax Canada. “Canadians, especially older adults, are demanding better safeguards to prevent financial crimes and identity theft.”

    The Auto Industry: A Hotspot for Fraud
    Auto fraud is a major concern with rates escalating in most provinces, particularly Ontario. According to recent Equifax Canada data, auto application fraud rate in Q4 2024 reached 0.26 per cent, up by 2 bps from Q3 2024 and up 9 bps when compared to 24 months ago. Falsified documents and inflated income are key drivers of first-party fraud in this sector, making up close to 80 per cent of all fraudulent applications. Consumers who are new-to-credit and new-to-Canada had significantly higher auto fraud rates in 2024 than other consumers — more than double the fraud rate that we see from consumers with more established credit files. Auto application fraud rates for those New to Canada/New to Credit in 2024 was 0.51 per cent compared to existing consumers at 0.22 per cent.

    Mortgage Fraud is Down but Falsified Financial Documents Remain a Challenge
    Equifax Canada is reporting that the Canadian mortgage market continues to slowly rebound from its lows in 2023, demonstrating growth in Q4 2024 with increased new mortgage accounts. Mortgage fraud rates have decreased significantly year-over-year, from 0.46 per cent in Q4 2023 to 0.19 per cent in Q4 2024. Despite this positive trend, falsified financial documents, such as bank statements and down payment information, remain a significant component of mortgage fraud at over 90 per cent. “This decline in fraud rates might be temporary. As interest rates gradually decrease, a potential surge in first-time buyers in 2025 could lead to increased fraudulent activity in mortgage credit applications. Consumers may misrepresent their financial information in an attempt to secure the best possible rates,” Davies warns.

    A Call for Stronger Corporate and Government Action
    Canadian survey respondents believe financial institutions, businesses, and the government all have a role to play in strengthening fraud prevention measures:

    • 88 per cent of respondents believe that both the public and private sectors must work together to combat financial crime
    • 84 per cent believe the government must improve public fraud education, with 91 per cent of seniors (65+) strongly agreeing
    • 77 per cent recognize the need to take personal steps to safeguard their data, but many feel unprepared
    • 61 per cent say banks should implement stronger security protocols
    • 59 per cent believe companies should leverage more sophisticated fraud detection tools

    Equifax Canada urges Canadians to take active steps in protecting their identities by regularly reviewing their credit reports for unusual activity, enabling multi-factor authentication on sensitive accounts, avoiding public WiFi for financial transactions, educating themselves on new fraud schemes, and consider investing in fraud protection services such as those offered by Equifax Canada.

    “As fraud tactics evolve, Canadians must remain vigilant,” added Davies. “By combining stronger corporate policies, government oversight, and personal diligence, we can make strides in fraud prevention.”

    * Equifax surveyed 1,590 Canadians ages 18-65, Feb. 7-9. A probability sample of the same size would yield a margin of error of +/- 2.5 per cent, 19 times out of 20.

    About Equifax
    At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

    Contact:

    Andrew Findlater
    SELECT Public Relations
    afindlater@selectpr.ca
    (647) 444-1197

    Angie Andich
    Equifax Canada Media Relations
    MediaRelationsCanada@equifax.com

    The MIL Network –

  • MIL-OSI: The Eclipse Foundation to Showcase Advanced, Industry-Ready Open Source Embedded Technologies at embedded world 2025

    Source: GlobeNewswire (MIL-OSI)

    BRUSSELS, March 04, 2025 (GLOBE NEWSWIRE) — The Eclipse Foundation, one of the world’s largest open source software foundations, today announced its participation at embedded world 2025. Located in Hall 4, booth #4-554, the Eclipse Foundation booth will showcase a wide array of open source embedded projects, including the latest advancements from Eclipse ThreadX, the OpenHW Foundation, Eclipse Development Tools and IDEs, and cutting-edge solutions from the Software Defined Vehicle (SDV) Working Group.

    “We’re excited to once again engage with the developer community at embedded world 2025,” said Mike Milinkovich, executive director of the Eclipse Foundation. “Open source is at the forefront of embedded innovation, including increasing relevance in sectors requiring functional safety, driving growth across diverse use cases. Our expanding ecosystem reflects this momentum, with new members, groundbreaking projects, and continuous technological evolution.”

    Featured Innovations at embedded world 2025
    The Eclipse Foundation will showcase a comprehensive portfolio of open source solutions spanning industrial IoT, automotive, robotics, AI, and embedded software development tools. Key highlights include:

    • Eclipse ThreadX: The World’s First Safety-Certified Open Source RTOS

    Eclipse ThreadX is the industry’s first and only safety-certified open source Real-Time Operating System (RTOS), setting new benchmarks for reliability and security in embedded systems. Supported by the ThreadX Alliance, it fosters a vibrant ecosystem focused on long-term sustainability, industry collaboration, and safety certification resources. As a powerful open source alternative to proprietary RTOS solutions, Eclipse ThreadX meets the rigorous demands of automotive, medical, aerospace, industrial, and other safety-critical applications, enabling organizations to innovate without vendor lock-in.

    • OpenHW Foundation: High-Performance Open Source Cores and Processor IP

    The OpenHW Foundation is the world’s only non-profit organization dedicated to delivering verified, industrial-grade open source processor cores. At embedded world, OpenHW will showcase its latest RISC-V–based processor IP, with live demonstrations of production-ready cores optimized for high-performance, embedded, and AI-driven applications.

    • Eclipse Tools: Empowering Embedded Development with Open Tools and Platforms.

    The Eclipse Foundation will also feature its powerful open source IDEs and cloud-based development platforms, including Open VSX, Eclipse Theia, and the Eclipse IDE. These platforms provide flexible, scalable solutions for embedded programming, enhancing productivity, and fostering collaboration within the global developer community.

    • Software Defined Vehicle (SDV): Shaping the Future of Automotive Software

    The Eclipse SDV Working Group is driving innovation in automotive software with a comprehensive open source ecosystem. Attendees can explore an extensive suite of protocols, libraries, tools, and frameworks designed to accelerate the development of Software Defined Vehicles, enabling next-generation automotive features, connectivity, and functionality.

    • Open Regulatory Compliance: Navigating Complex Regulations

    The Open Regulatory Compliance Working Group plays a pivotal role in helping embedded technology providers navigate the evolving regulatory landscape. This initiative is focused on ensuring compliance with global standards and emerging regulations, such as the Cyber Resilience Act (CRA), empowering organizations to innovate confidently while meeting industry requirements, safeguarding both product integrity and market access.

    Join us at embedded world 2025
    Discover the future of open source embedded technology at embedded world 2025, taking place from March 11-13 at the Exhibition Centre Nuremberg. Meet with Eclipse Foundation representatives in Hall 4, Booth #4-554 to explore our cutting-edge solutions and learn how to get involved with our dynamic community.

    For more information on membership and participation, visit our membership page.

    About the Eclipse Foundation
    The Eclipse Foundation provides our global community of individuals and organisations with a business-friendly environment for open source software collaboration and innovation. We host the Eclipse IDE, Adoptium, Software Defined Vehicle, Jakarta EE, and over 420 open source projects, including runtimes, tools, specifications, and frameworks for cloud and embedded applications, IoT, AI, automotive, systems engineering, open processor designs, and many others. Headquartered in Brussels, Belgium, the Eclipse Foundation is an international non-profit association supported by over 300 members. To learn more, follow us on social media @EclipseFdn, LinkedIn, or visit eclipse.org.

    Third-party trademarks mentioned are the property of their respective owners.

    Media contacts:
    Schwartz Public Relations (Germany)
    Gloria Huppert/Marita Bäumer
    Sendlinger Straße 42A
    80331 Munich
    EclipseFoundation@schwartzpr.de
    +49 (89) 211 871 -70/ -62

    514 Media Ltd (France, Italy, Spain)
    Benoit Simoneau
    benoit@514-media.com
    M: +44 (0) 7891 920 370

    Nichols Communications (Global Press Contact)
    Jay Nichols
    jay@nicholscomm.com
    +1 408-772-1551

    The MIL Network –

  • MIL-OSI: Proposals to the Annual General Meeting of Municipality Finance Plc

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock Exchange Release
    4.3.2025 at 12 noon (EET)

    Proposals to the Annual General Meeting of Municipality Finance Plc

    Municipality Finance Plc’s (hereinafter MuniFin) Board of Directors (the Board) and the Shareholders’ Nomination Committee (the Nomination Committee) have made the following proposals to the Annual General Meeting (the AGM) convening on 25 March 2025 at 10:00 (EET):

    Use of profit shown on the balance sheet and the distribution of dividend

    MuniFin has distributable funds of EUR 373,330,287.47 of which the profit for the financial year totaled EUR 73,737,412.43.

    In accordance with the dividend policy MuniFin’s aim is to pay 30-60% of the Group’s financial year’s profit in dividends. The Board proposes to the AGM that a dividend of EUR 1.86 per share, totaling EUR 72,658,664.28 shall be distributed based on the balance sheet to be adopted for 2024. This corresponds to 54.8% of the Group’s financial year’s profit.

    MuniFin’s profit for the financial year is strong. The Board considers the proposed payment of dividend justified. MuniFin clearly fulfils all the prudential requirements set to it. No substantial changes in the company’s financial position have occurred after the end of the financial year and the Board estimates that the distribution of dividends will not place the fulfilment of the capital requirements or the company’s liquidity in jeopardy nor is it incompatible with the legislation applicable to MuniFin.

    The dividend is paid to a shareholder who is registered in the company’s shareholder register maintained by Euroclear Finland Ltd on the record date of dividend payment on 27 March 2025. The Board proposes that the dividend be paid 3 Aprill 2025 or as soon as possible thereafter.

    Remuneration and composition of the Board

    The Nomination Committee proposes to the AGM the following remuneration of the Board for the term from the closing of the 2025 AGM to the closing of the next AGM (the Term 2025-2026):

    • Annual fixed remuneration of the Chair of the Board EUR 51,000
    • Annual fixed remuneration of the Vice Chair of the Board EUR 33,000;
    • Annual fixed remuneration of the Chair of the Risk or Audit Committee EUR 36,000;
    • Annual Fixed remuneration of Board member EUR 28,000; and
    • For each Board and committee meeting as well as for each meeting required by the authorities, to the members and Vice chair of the Board, a fee of EUR 600 per meeting attended and to the Chairs, EUR 950 per meeting attended

    The proposed remuneration means an increase of EUR 6,000 to the annual fixed remuneration of the Chair of the Board, an increase of EUR 4,000 to the annual fixed remuneration of the Vice Chair of the Board, an increase of EUR 5,000 to the annual fixed remuneration of the Chairs of the Risk and Audit Committees and an increase of EUR 3,000 to the annual fixed remuneration of a Board member.

    The Nomination Committee proposes to the AGM that nine members will be elected to the Board for the Term 2025–2026. The Nomination Committee proposes that the following current members will be re-elected: Ms. Maaria Eriksson, Mr. Kari Laukkanen, Mr. Tuomo Mäkinen, Ms. Elina Stråhlman, Ms. Leena Vainiomäki and Mr. Arto Vuojolainen. In addition, the Nomination Committee proposes that Ms. Liisa Harju, Mr. Juho Malmberg and Mr. Henrik Rainio will be elected to the Board as new members. Mr. Markku Koponen and Mr. Dennis Standell, current members of the Board, will not be available to the Board for the next term.

    Liisa Harjula serves as Senior Ministerial Adviser at the Ownership Steering Department of the Prime Minister’s Office. Harjula has extensive experience in private equity investment, financial management, and investor relations. Juho Malmberg is a professional board member with extensive experience from leadership roles in IT management across the banking sector and other industries. Henrik Rainio serves as the Director of Finance at the City of Porvoo. Rainio has essential expertise in the Finnish municipal sector, which is crucial for MuniFin’s business.

    The Nomination Committee proposes to the Board to be elected by the AGM to reappoint Kari Laukkanen as the Chair and Maaria Eriksson as the Vice Chair.

    Election and remuneration of the auditor

    The Board proposes to the AGM to elect PricewaterhouseCoopers Oy as the company’s auditor for the Term 2025–2026. PricewaterhouseCoopers Oy has announced that if they are elected as the company’s auditor, Jukka Paunonen, APA, will act as the principal auditor. The Board proposes to the AGM that the auditor’s fees be paid according to the invoice approved by the company.

    Sustainability reporting verifier and remuneration

    The Board proposes to the Annual General Meeting that the authorized sustainability audit firm PricewaterhouseCoopers Oy be selected as the company’s sustainability reporting assurer for the term 2025-2026. PricewaterhouseCoopers Oy has informed the company that Tiina Puukkoniemi will act as the responsible sustainability reporting auditor. The Board proposes to the Annual General Meeting that the sustainability reporting assurer’s fees be paid according to the invoice approved by the company.

    The invitation to the AGM, including relevant appendices, is available on MuniFin’s website in Finnish.

    MUNICIPALITY FINANCE PLC

    Further information:

    Esa Kallio
    President and CEO
    tel. +358 50 337 7953

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet is over EUR 53 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: www.munifin.fi

    The MIL Network –

  • MIL-OSI: 36Kr Holdings Inc. to Report Second Half and Fiscal Year 2024 Financial Results on Tuesday, March 11, 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, March 04, 2025 (GLOBE NEWSWIRE) — 36Kr Holdings Inc. (“36Kr” or the “Company”) (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced that it will report its second half and fiscal year 2024 unaudited financial results, on Tuesday, March 11, 2025, before the open of U.S. markets.

    The Company’s management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on March 11, 2025 (8:00 p.m. Beijing/Hong Kong Time on March 11, 2025).

    For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.

    Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.36kr.com.

    A replay of the conference call will be available for one week from the date of the conference, by dialing the following telephone numbers:

    United States: +1-855-883-1031
    International: +61-7-3107-6325
    Hong Kong, China: 800-930-639
    Mainland China: 400-120-9216
    Replay PIN: 10045861
       

    About 36Kr Holdings Inc.

    36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China’s New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by comprehensive database and strong data analytics capabilities. Through diverse service offerings and the significant brand influence, the Company is well-positioned to continuously capture the high growth potentials of China’s New Economy.

    For more information, please visit: http://ir.36kr.com.

    For investor and media inquiries, please contact:

    In China:

    36Kr Holdings Inc.
    Investor Relations
    Tel: +86 (10) 8965-0708
    E-mail: ir@36kr.com

    Piacente Financial Communications
    Jenny Cai
    Tel: +86 (10) 6508-0677
    E-mail: 36Kr@tpg-ir.com

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: 36Kr@tpg-ir.com

    The MIL Network –

  • MIL-OSI: Saras Micro Devices Announces Participation in CHIPS National Advanced Packaging Manufacturing Program Initiatives

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., March 04, 2025 (GLOBE NEWSWIRE) — Saras Micro Devices (Saras), an emerging leader in cutting-edge system power performance solutions leveraging integrated packaging design, today announced its participation in two significant projects funded by the U.S. Department of Commerce CHIPS National Advanced Packaging Manufacturing Program (NAPMP). Each project was awarded $100 million in government funding.

    The first initiative is the Substrate-based Heterogeneous Integration Enabling Leadership Demonstration for the USA (SHIELD USA) project, led by Arizona State University (ASU) and Deca Technologies, Inc. The second is the Substrate and Materials Advanced Research and Technology (SMART) Packaging Program, led by Absolics, Inc. Saras will contribute its STILE™ product technology to both projects to enhance device package integration of advanced power delivery solutions for high-performance computing (HPC) and artificial intelligence (AI) applications.

    “Saras’ STILE technology enhances our substrate efforts,” said Jason Conrad, chief operating officer of ASU’s Southwest Advanced Prototyping (SWAP) Hub and site lead for MacroTechnology Works. “It adds functionality that complements our core development goals, helping to further elevate the capabilities of the advanced packaging solutions we’re developing.”

    Over the past year, Saras has secured seven foundational patents for its capacitor and STILE technologies from the United States Patent Trademark Office. This achievement underscores the company’s commitment to innovating critical solutions in power delivery for next-generation AI and HPC devices.

    “The power delivery challenges posed by AI require innovative solutions,” said Ron Huemoeller, CEO of Saras. “Our STILE technology addresses these challenges by enabling in-package power delivery close to the source, improving both efficiency and performance while opening up package real estate for higher levels of chiplet integration. By collaborating on the SHIELD USA and SMART projects, we’re able to contribute critical AI power delivery elements and, consequently, significantly advance U.S. semiconductor manufacturing capabilities.”

    STILE introduces a multi-domain, integrated passive module that embeds directly into the substrate core of device packages. This approach reduces the need for multiple function-specific devices, maximizes packaging real estate by optimizing space, and supports higher levels of chiplet integration—essential for the demands of AI workloads. The technology aligns with the goals of the NAPMP projects and will extend the advanced substrate technology solutions that the SHIELD USA project and SMART Packaging Program are focused on delivering.

    “This joint effort exemplifies how integrating complementary innovations can drive advancements in semiconductor packaging and address the performance demands of AI and HPC applications,” stated Craig Bishop, CTO of Deca Technologies. “SHIELD is truly a collaborative effort, combining Saras’ embedded passive technology with Deca’s novel interconnects at ASU’s research fab to demonstrate leap-ahead organic substrates.”

    The collaborations under the NAPMP advanced substrate and material projects highlight the importance of innovative power delivery solutions in maintaining U.S. leadership in semiconductor technology. By developing and scaling advanced packaging processes, materials, and equipment, these initiatives aim to create a robust foundation for high-volume semiconductor packaging production in the United States, enhancing national security and economic resilience.

    About Saras Micro Devices

    Established in 2021, Saras Micro Devices is revolutionizing the way power is delivered to advanced semiconductor devices. The company is developing custom and standard integrated passive modules that will significantly improve power performance and efficiency, addressing the challenges faced by the high-performance computing devices serving the growing demand for AI, ML, AR/VR, 5G/6G, and more. Instituted by an impressive team of advanced packaging experts with a combined 150+ years of experience in the microelectronics industry, Saras introduces an innovative embedded, 3D-integrated, vertical power delivery solution that enables higher per-watt performance, minimized routing losses, and greater overall efficiency while reducing the power management impact on the package footprint. Saras Micro Devices has simplified a currently complex solution for managing and optimizing power delivery. Uncover and explore further insights at sarasmicro.com.

    Media Contact:

    Mindy Lok, Kiterocket

    Phone: 480.240.8874

    Email: mlok@kiterocket.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/92979eb5-3ef8-458e-b3ac-501ec720a75b

    The MIL Network –

  • MIL-OSI: Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for February 2025 of its Virtune Crypto Top 10 Index ETP, the first crypto index ETP in the Nordics

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, 4th of March 2025 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

    In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes:

    Virtune Bitcoin ETP
    Virtune Staked Ethereum ETP
    Virtune Staked Solana
    Virtune Staked Polkadot ETP
    Virtune XRP ETP
    Virtune Avalanche ETP
    Virtune Chainlink ETP
    Virtune Arbitrum ETP
    Virtune Staked Polygon ETP 
    Virtune Staked Cardano ETP
    Virtune Crypto Altcoin Index ETP

    Index allocation as of 28th of February (before rebalancing):

    Bitcoin: 44.55%
    Ethereum: 28.76%
    XRP: 13.32%
    Solana: 7.50%
    Cardano: 2.45%
    Chainlink: 1.01%
    Avalanche: 0.98%
    Litecoin: 0.92%
    Uniswap: 0.51%

    Index allocation as of 28th of February (after rebalancing):

    Bitcoin: 40.00%
    Ethereum: 31.29%
    XRP: 14.52%
    Solana: 8.05%
    Cardano: 2.62%
    Chainlink: 1.08%
    Avalanche: 0.99%
    Litecoin: 0.94%
    Uniswap: 0.51%

    In connection with this month’s rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Top 10 Index ETP SEK outcome for February was -16.86%.

    The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Top 10 Index. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the crypto market.

    In February, the crypto market experienced a notable downturn, partly due to major events in the US. Chainlink led the losses with a sharp 41% decline, followed closely by Uniswap (-36.2%) and Solana (-36%). Bitcoin experienced a relatively milder decrease of -17.5%, while Litecoin recorded the smallest decline, falling just 0.23% during the month.

    The performance of the crypto assets included in Virtune Crypto Top 10 Index ETP in February:

    Litecoin: -0.23%
    Bitcoin: -17.5%
    XRP: -29.3%
    Ethereum: -32.2%
    Cardano: -32.7%
    Avalanche: -35%
    Solana: -36%
    Uniswap: -36.2%
    Chainlink: -41%

    Virtune’s crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading crypto assets that are part of the Nasdaq Crypto Index, based on their total market capitalization, with a maximum weight of 40% per crypto asset to promote diversification. This allows investors to benefit from broad exposure to the crypto market without being heavily concentrated in any single crypto asset.

    If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

    Press contact

    Christopher Kock, CEO Virtune AB (Publ)
    Christopher@virtune.com
    +46 70 073 45 64

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network –

  • MIL-OSI: Atos and Esri announce a strategic partnership to strengthen their offerings in the digital twins market for territory and infrastructure applications

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Atos and Esri announce a strategic partnership to strengthen their offerings in the digital twins market for territory and infrastructure applications

    Paris, France – March 4, 2025 – Atos today announces that it has signed a strategic partnership with Esri (Environmental Systems Research Institute), a world leader in Geographic Information Systems (GIS), to strengthen their offerings in the market related to AI powered digital twins for territories and infrastructure. These new software solutions will facilitate the collection, management and visualization of complex location-based information through the simulation and development enabled by these digital twins.

    For more than 50 years, Esri has been transforming the exponential volume of geomatics and map data available into actionable insights through decision software. This first-of-its-kind collaboration will combine Atos’s expertise in digital technologies and AI with Esri’s unparalleled experience in GIS to offer their customers new tools of unprecedented power.

    Atos will bring to the partnership its know-how in 3D system modeling and digital twin development for an improved user interface, its experience in integrating and managing complex projects, as well as its knowledge of specific markets such as defense or civil security. Esri, meanwhile, will leverage its capabilities in data integration and interoperability while ensuring that Atos and its customers have access to the necessary technical support, skills, training and certifications to take full advantage of GIS solutions. This will maximize the value of these tools and develop new business opportunities. The partners will be able to work together on new projects and apply their respective expertise to existing projects depending on the specific needs and requirements.

    By combining their strengths, Esri and Atos are expanding their service portfolio and opening up new opportunities in several key sectors such as:

    Public sector: Supporting local authorities in territorial planning and climate risk management, assisting governments with infrastructure and territorial planning, natural resource monitoring and disaster modelling.

    Private sector: Tailor-made solutions for industry, networks, trade in areas such as BIM, logistics, network and flow management, as well as subsurface exploration solutions for industries like oil and mining.

    Defense and security: Tools for advanced geospatial identification and humanitarian crisis management.

    Emergency response: Real-time analysis of disaster areas and logistics in the event of disasters and other geolocatable events.

    This partnership will also enable the development of a series of decision-making tools based on AI and GIS, providing public authorities with new and more advanced solutions to understand, prevent and adapt to climate risks, as well as to fine tune of natural resource management.

    “We are delighted to have entered this new partnership with Esri, the world leader in mapping data, which embodies Atos’s excellence in geolocated data and geomatics tools,” said Laurent Clergue, Director of Inno’Labs, Atos. “The combination of our respective expertise opens up a brand-new field of opportunities and allows us to expand our knowledge in data and AI. We are now able to provide our customers with the best of our technologies in the simulation of natural and human environments, sustainable development, urban planning, or crisis management.”

    “The implementation of digital twins for territory, infrastructure and subsurface markets is based on a solid ecosystem, combining a robust technological base and cutting-edge expertise. By combining Esri’s ArcGIS GIS platform, a true cornerstone for the modeling and analysis of spatial data, and Atos’s expertise in terms of specific services and developments, we are creating together the opportunities for innovative and efficient projects, to the benefit of tomorrow’s territories” said Lionel Henry, AEC Solutions Pilot, Esri France.

    ***

    About Esri

    Esri, a global leader in geographic information systems (GIS), geolocation, and mapping software, helps customers unlock the full potential of data to improve business and business outcomes. Founded in 1969 in Redlands, California, USA, Esri software is deployed in hundreds of thousands of organizations worldwide, including Fortune 500 companies, government agencies, nonprofits, and universities. Esri has regional offices, global distributors, and partners providing local support in more than 100 countries on six continents. Through its pioneering commitment to geospatial technology and analytics, Esri designs the most innovative solutions that use a geographic approach to solve some of the world’s most complex problems in the critical context of location. Visit us on www.esri.com

    About Atos

    Atos is a global leader in digital transformation with c. 82,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contacts

    Esri: Céline Rocheteau, crocheteau@esrifrance.fr, +33 (0) 7 60 77 75 94
    Atos: Laurent Massicot | laurent.massicot@atos.net | +33 (0)7 69 48 01 80

    Attachment

    The MIL Network –

  • MIL-OSI: Qifu Technology to Announce Fourth Quarter and Full Year 2024 Unaudited Financial Results on March 17, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, March 04, 2025 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2024, before U.S. markets open on Monday, March 17, 2025.

    Qifu Technology’s management team will host an earnings conference call at 7:30 AM U.S. Eastern Time on Monday, March 17, 2025 (7:30 PM Beijing Time on the same day).

    Conference Call Preregistration

    All participants wishing to join the conference call must pre-register online using the link provided below.

    Registration Link: https://s1.c-conf.com/diamondpass/10045854-hg6t5r.html

    Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

    Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of the Company’s website at ir.qifu.tech.

    About Qifu Technology

    Qifu Technology is a leading Credit-Tech platform in China that provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

    For more information, please visit: ir.qifu.tech.

    Safe Harbor Statement

    Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, the Company’s cooperation with 360 Group, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For more information, please contact:

    Qifu Technology
    E-mail: ir@360shuke.com

    The MIL Network –

  • MIL-OSI: Economic uncertainty has 83% of Canadians changing their financial habits; one-third say they’re worse off

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 04, 2025 (GLOBE NEWSWIRE) — The current economic climate has 83 per cent of Canadians adjusting their financial strategies, according to a new survey from CPA Canada and BDO Debt Solutions.

    The survey suggests three-quarters (76%) of Canadians say the broader economic climate is affecting their financial well-being, with one-third (34%) saying they are in worse financial shape than one year ago.

    Four in ten (40%) Canadians say inflation and the rising cost of living are their top concerns.

    Global issues, including trade tensions and the threat of U.S. tariffs, are contributing to what CPA Canada’s Chief Economist David-Alexandre Brassard describes as “weaponized uncertainty,” leaving many Canadians more pessimistic about their financial future than they were a year ago.

    “Personal finance doesn’t exist in a vacuum,” says Brassard. “As consumer confidence drops and spending weakens, Canada could face slower economic growth.”

    There is a noticeable generational divide in response to the current situation. Political instability is a source of stress for older Canadians, with 14 per cent of those aged 55 and older citing it as a concern. In contrast, only four per cent of younger Canadians, aged 18-34, share this concern. Despite this context, those aged 18-34 remain more optimistic about their financial prospects.

    “The financial caution we’re seeing isn’t just about inflation—it’s about uncertainty,” says Li Zhang, financial literacy leader at CPA Canada. “Many Canadians are bracing for worst-case scenarios, adjusting their financial plans to safeguard against potential downturns.”

    To cope with risings costs, 66 per cent of Canadians plan to reduce expenses—but despite growing concerns, only 24 per cent of Canadians plan to pay down debt considering the current economic climate.

    “Cutting spending is a positive step, but without a focus on debt repayment, financial stress will continue to build,” says Nancy Snedden, Licensed Insolvency Trustee and President at BDO Debt Solutions. “Many Canadians are struggling with credit card debt and without a plan to pay it off, they risk larger financial problems down the road.”

    Survey methodology

    Leger conducted the 2025 Economic uncertainty OMNIbus online survey from February 7 to February 10, 2025, among 1,590 randomly selected Canadians aged 18 and over.

    For the complete survey results or to schedule an interview, please contact media@cpacanada.ca.

    The MIL Network –

  • MIL-OSI: Asimily Launches Automated IoT Patching Solution to Streamline Device Security

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Asimily, a leading innovator in IoT, OT, and IoMT risk management, today announced the launch of its comprehensive IoT Patching solution, enabling customers to automate, standardize, and streamline firmware updates across their connected device ecosystems. The new capability significantly reduces security risks by simplifying the otherwise complex process of keeping heterogeneous IoT device fleets continually updated with the latest security patches.

    Asimily’s IoT Patching directly solves a critical and persistent challenge in IoT device management: the time-consuming and resource-intensive process of updating firmware across multiple device types and manufacturers. Cyberattacks are increasingly targeting IoT devices, with some of the world’s largest IoT botnets launching attacks measured in terabits per second. Asimily’s research shows that IoT devices receive firmware updates every five months on average, creating an extended window of vulnerability.

    “The exponential growth of IoT devices—which we’re seeing across industries—has put tremendous pressure on security and IT teams to keep pace,” said Shankar Somasundaram, CEO, Asimily. “They have to sort through myriad firmware versions, understand different mechanisms to update devices, and go through as many vendor portals as they have device models—all while racing against attackers who are looking to exploit vulnerabilities. We’ve seen organizations taking weeks or months to deploy critical patches (or, in fact, never deploy patches) across their IoT fleets. Our new IoT Patching solution changes the game. What once required multiple teams, many hours, and complex coordination can now be accomplished with a couple of clicks.”

    The solution’s automated capabilities enable customers to significantly reduce vulnerability windows and avoid complex technical hurdles. Through streamlined firmware updates, organizations can protect their IoT devices more efficiently without compromising operational continuity. This is particularly crucial for healthcare, manufacturing, and other industries where IoT devices and internet-connected equipment play mission-critical roles.

    Key features of Asimily’s IoT Patching solution include:

    • Patch deployment automation: Regularly checking manufacturer repositories for new firmware releases, with immediate notification to customers whenever new updates become available.
    • Status monitoring dashboard: Detailed tracking and real-time reporting is available through the dedicated IoT Patching audit interface.
    • Deployment flexibility: Support for on-demand updates of individual devices, bulk updates, and scheduled automated patching are designed to minimize or eliminate operational disruption.
    • Broad device coverage: Compatibility across a wide range of connected devices from major manufacturers including Axis Communications, Cisco, HP Enterprise, Zebra and others, covering IP cameras, printers, network applications, and more. Additional manufacturers and devices are being added regularly.

    The IoT Patching solution standardizes the update process across different manufacturers while handling complex requirements like cluster failover states. It fully integrates with Asimily’s risk management platform, which provides end-to-end IoT device security through inventory management, vulnerability detection, and threat response capabilities. Learn more about IoT Patching here: https://asimily.com/product/iot-patching/ 

    About Asimily

    Asimily has built an industry-leading risk management platform that secures IoT devices for organizations in healthcare, manufacturing, higher education, government, life sciences, retail, and finance. With the most extensive knowledge base of IoT and security protocols, Asimily inventories and classifies every device across organizations, both connected and standalone. Because risk assessment—and threats—are not a static target, Asimily monitors organizations’ devices, detects anomalous behavior, and alerts operators to remediate any identified anomalies. With secure IoT devices and equipment, Asimily customers know their business-critical devices and data are safe. For more information on Asimily, visit https://www.asimily.com

    Contact
    Kyle Peterson
    kyle@clementpeterson.com

    The MIL Network –

  • MIL-OSI: Pinch Integrates with Annature to Streamline Payments and Contracts

    Source: GlobeNewswire (MIL-OSI)

    BRISBANE, Australia, March 04, 2025 (GLOBE NEWSWIRE) — Pinch Payments, a leading all-in-one Australian payments solution, has launched a powerful new integration with Annature, the #1 rated e-signature and identity verification platform on the Xero App Store. This integration allows businesses to capture both customer payment methods and e-signatures in a single, seamless step, simplifying operations and improving efficiency.

    “Businesses can now capture customer payment details and e-signatures in one seamless step”

    With this integration, businesses can pre-authorise future payments while ensuring contracts and agreements are digitally signed and securely stored—without being tied to ongoing subscription fees. Both platforms operate on a pay-as-you-go model, meaning businesses only pay when customers use the service, keeping costs predictable and manageable.

    A Smarter Solution for Service-Based Businesses

    Many businesses struggle with managing separate processes for payment collection and contract signing, leading to administrative inefficiencies. By combining these tasks into one streamlined solution, businesses can enhance their customer experience, reduce friction, and save time.

    How the Integration Works

    • Connect Pinch to Annature: Businesses can link their Pinch Payments account to Annature via API keys in just a few minutes.
    • Set Up Document Templates: Easily create contract templates with both signature fields and payment method fields (credit card or bank account).
    • Send Documents for Signing: Customers can sign the document and enter their payment details in one step.
    • Automate Payments: Once signed, Pinch securely stores payment details, allowing for automatic or manual debiting when invoices are due.

    The Power of Automation

    • Reduce payment delays: Customers provide payment information upfront, ensuring faster invoice payments.
    • Ensure compliance: E-signatures collected through Annature are legally binding.
    • Improve customer satisfaction: A seamless experience reduces friction and enhances professionalism.

    Why Streamlined Payments and Contracts Matter

    Research shows that 69% of customers prefer automated payment systems for their speed and convenience. Businesses that simplify payment collection see fewer overdue invoices and improved cash flow. Additionally, the global e-signature market is expected to grow from USD 9.93 billion in 2024 to USD 70.24 billion by 2030, reflecting a growing demand for digital-first contract management.

    No Subscription Fees: A True Pay-as-You-Go Solution

    Unlike many platforms that require ongoing subscriptions, this integration is completely usage-based. Businesses are only charged when customers use the e-signature feature or provide payment details, making it an affordable and flexible option.

    “This pay-as-you-go model ensures businesses only pay for what they use, making advanced payment and contract management accessible to companies of all sizes.”

    Getting Started is Simple

    Setting up the integration is quick and straightforward—businesses using Pinch Payments and Annature can simply input their API keys in Annature’s settings. Both platforms are free to sign up and only charge based on actual usage, allowing businesses to optimise their operations without upfront costs.

    For more information, visit getpinch.com.au

    About Pinch Payments

    Pinch Payments is a leading Australian payments platform that helps businesses automate invoicing and payment collection. By integrating with major accounting software, Pinch simplifies the payment process, improving cash flow and reducing administrative workload. Features of Pinch Payments include:

    • Get paid by credit or debit card, or direct debit
    • Get paid on time with customer pre-approvals
    • Collect multiple payments at once
    • Empower debtor management processes with payment plans

    Learn more at getpinch.com.au

    About Annature

    Annature is Australia’s premier eSignature provider, offering secure, legally binding digital signing solutions. Designed for compliance and efficiency, Annature helps businesses streamline their document workflows with best-in-class security standards. Learn more at annature.com.au

    The MIL Network –

  • MIL-OSI: Hotspot signs Memorandum with Clear Blue led Consortium to deploy 312 Telecom Site across Nigeria

    Source: GlobeNewswire (MIL-OSI)

    BARCELONA, Spain, March 04, 2025 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (TSXV: CBLU) the Smart Power Company, today announces that Hotspot (the leading telecommunications service provider in Nigeria) has signed a Memorandum of Understanding with a Clear Blue led consortium, including partners Empower New Energy and Netis, to deploy 312 solar powered telecom sites across Nigeria. The deal is subject to final contract negotiations and signatures and the rollout is targeted for the end of 2025.

    The consortium brings a group of expert skills and capabilities to quickly design, build and then operate the telecom network, solar power and tower sites:

    • Hotspot is a leader in building active telecom networks and services across Nigeria.
    • Clear Blue Technologies is the leader in providing highly reliable, low-cost Smart solar power for telecom infrastructure. With Clear Blue’s industry leading and patented Illumience Smart Power, and its ongoing service management, telecom services are delivered with maximum service levels and uptime, at the lowest Capex and Opex in the market.
    • Empower New Energy is a leading provider of clean energy project financing across Africa. With its entrepreneurial business and execution model, it is a perfect financing partner for the project.
    • Netis specializes in operating and managing telecom infrastructure and brings strong abilities to deliver the installation, operations, and maintenance services.

    “As everyone active in the telecom market in Africa is aware, it is a difficult operating environment with challenging Total Cost of Ownership (TCO) targets. And yet, it is probably the largest untapped telecom market in the world with significant growth potential”, said Morenikeji Aniye, CEO of Hotspot. “Clear Blue brings an innovative technology and service capability which, together with an innovative business model and structure, enables us to deploy and operate these sites while meeting stringent service and TCO targets.”

    “After having worked with Clear Blue on multiple projects, we are defining a speedy and unique model of partnership between the Smart Power provider and the financier. Together, we are able to deliver unparalleled value and flexibility in project structure and contracts to bring a financing model that will work for developers such as Hotspot,” said Terje Osmundsen, CEO of Empower New Energy.

    “We are thrilled to partner with Clear Blue and Empower and to support Hotspot in their aggressive growth plans,” said Hatim Zougary, Chief Business Development Officer of Netis.

    “The partners in this project bring together a very strong set of skills and an ability to execute that will ensure success for this project and hopefully many more phases to come,” said Miriam Tuerk, CEO of Clear Blue. “We are thrilled to have been chosen by Hotspot for this project which will bring connectivity to millions across Nigeria.”

    About Hotspot

    Hotspot Network Ltd, founded in 2008, obtained a co-location and Infrastructure Sharing License in 2012 and later an Internet Service Provider License from the NCC, enabling it to offer a wide range of telecommunications services, including managed services, wireless and mobile solutions, engineering support, and microwave solutions. Collaborating with a global network of partners, the company has grown rapidly to become a leading player in Africa’s digital transformation, renowned for innovative, award-winning solutions and exceptional client satisfaction. Its strategic alliances provide enterprise-level multi-sourcing opportunities, offering robust solutions and deep technical expertise. As a one-stop shop for connectivity and telecommunications, Hotspot Network Ltd.’s brand symbolizes evolving technology, guided by core values of Insight, Integrity, Innovation, Synergy, Safety, and Sustainability, reflected in its distinctive corporate identity.

    About Empower New Energy

    Established in 2017, Empower New Energy is a renewable energy financier and co-developer that finances, builds and owns clean power plants for commercial, industrial and agricultural energy users. https://www.empowernewenergy.com

    About Netis

    NETIS is a global leader in the telecommunications industry, with over 15 years of expertise in designing and developing high-performance network communication solutions. Netis specializes in the inception and construction of robust GSM, fiber optic, and energy networks, as well as the ongoing maintenance and optimization of existing infrastructures. Operating across 16 subsidiaries, NETIS actively delivers innovative telecom solutions throughout Africa.

    About Clear Blue Technologies International

    Clear Blue Technologies International, the Smart Off-Grid™ company, was founded on a vision of delivering clean, managed, “wireless power” to meet the global need for reliable, low-cost, solar and hybrid power for lighting, telecom, security, Internet of Things devices, and other mission-critical systems. Today, Clear Blue has thousands of systems under management across 37 countries, including the U.S. and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF)

    Legal Disclaimer:

    Neither 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 more information, contact:

    Miriam Tuerk, Co-Founder and CEO
    +1 416 433 3952
    miriam@clearbluetechnologies.com
    www.clearbluetechnologies.com/en/investors

    The MIL Network –

  • MIL-OSI: Proximus Global and Nokia partner to offer network APIs to help developers create enterprise applications #MWC25

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Proximus Global and Nokia partner to offer network APIs to help developers create enterprise applications #MWC25

    • The parties will further develop APIs to enable developers to create new applications for enterprises, including financial services and healthcare.

    4 March 2025
    Espoo, Finland – Proximus Global, the leading global digital communications company combining the strengths of BICS, Telesign and Route Mobile, today announced that it will partner with Nokia to explore opportunities that utilize their respective strengths in network API solutions to support developers as they create new applications for enterprises. The collaboration aims to expose Proximus Global and Nokia APIs on each other’s marketplaces, bridging the gap between the various industry segments and the telecom ecosystem.

    Proximus Global’s network APIs will be exposed on Nokia’s Network as Code platform with developer portal, while Nokia will benefit from Proximus Global’s presence within the telco market to make its CAMARA and 5G APIs available globally. The collaboration will enable enterprises and operators to leverage rapidly expanding API capabilities within a range of areas, including network slicing, a key enabler in 5G private networks, as well as fraud protection and other services.

    Proximus Global will also seek to utilize Nokia’s Network Exposure Platform and its Enterprise API Hub to give developers easy access to Proximus Global’s network capabilities for creating software applications that work across its 5G and 4G networks. Nokia’s Network Exposure Platform is an implementation of the GSMA Operator Platform, a standard for a common platform exposing operator capabilities to developers.

    “Proximus Global has traditionally offered a rich set of communication API through our CPaaS offering. We aim now to complement these with network API to allow enterprise and developers to easily access network capabilities. Our collaboration with Nokia will strengthen our API capabilities, and the work we are doing with developers, all with the aim of providing Proximus Global enterprise and wholesale customers with new, value-added solutions,” said Christophe Van De Weyer, Chief Product Officer at Proximus Global, and CEO of Telesign.

    Proximus Global is targeting several applications, including a real-time fraud prevention API that uses location data to detect and prevent suspicious transactions, as well as network slicing capabilities, for example in mass gathering events, such as concerts. APIs provide access to deep functionality and data within networks, allowing developers to utilize those network capabilities to build new use cases for their customers.

    “We are very pleased to expand Nokia’s relationship with Proximus Global to the area of network APIs. Our collaboration will give greater access and organization to how Proximus Global’s network is integrated into developer ecosystems and platforms. This will ensure choice, flexibility, and security in creating new applications,” said Shkumbin Hamiti, Head of Network Monetization Platform, Cloud and Network Services at Nokia.

    Since launching the Network as Code platform in September 2023, Nokia’s ecosystem of Network as Code platform partners has grown to 55 currently and includes BT, Deutsche Telekom, Orange, StarHub, Telefonica, and Telecom Argentina. Nokia’s commitment to API monetization extends beyond network-side aggregation and includes hyperscalers like Google Cloud; Communications Platform as a Service (CPaaS) platform providers such as Infobip; vertical independent software vendors like Elmo; and the world’s largest public API hub through Nokia’s acquisition of Rapid.

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

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About Proximus Global
    Proximus Global, combining the strengths of Telesign, BICS, and Route Mobile, is transforming the future of communications and digital identity. Together, our solutions fuel innovation across the world’s largest companies and emerging brands. Our unrivaled global reach empowers businesses to create engaging experiences with built-in fraud protection across the entire customer lifecycle. Our comprehensive suite of solutions – from our super network for voice, messaging, and data, to 5G and IoT; and from verification and intelligence to CPaaS for personalized omnichannel engagement – enables businesses and communities to thrive. Reaching over 5 billion subscribers, securing more than 180 billion transactions annually, and connecting 1,000+ destinations, we honor our commitment to connect, protect and engage everyone, everywhere.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Connect with Nokia on social media
    LinkedIn X Instagram Facebook YouTube 

    The MIL Network –

  • MIL-OSI: Broadcom Launches VeloSky to Deliver Network Convergence, Transform Connectivity

    Source: GlobeNewswire (MIL-OSI)

    BARCELONA, Spain, March 04, 2025 (GLOBE NEWSWIRE) — Mobile World Congress 2025—Broadcom Inc. (NASDAQ: AVGO) today introduced VeloSky, a converged networking solution that enables Communications Service Providers (CSPs) to offer integrated fiber, cellular, and satellite connectivity through a single appliance. VeloSky helps service providers drive adoption and utilization of their 5G and satellite offerings, unlocking new revenue streams and diversifying business models. The new VeloSky solution is built on the VeloRAIN (Robust AI Networking) architecture which features unprecedented visibility, prioritization, and automation for enterprise networks—allowing organizations to operate more efficiently and deliver superior user experiences. (Read the VeloRAIN press release).

    “VeloSky represents a dramatic leap forward in network convergence,” said Sanjay Uppal, vice president and general manager, VeloCloud Division, Broadcom. “By unifying diverse network underlays into a single, AI-optimized platform, service providers can deliver premium, differentiated services to enterprise customers while simplifying operations and accelerating time-to-revenue.”

    Addressing Market Challenges with a Unified Solution
    Enterprises increasingly rely on applications that require low latency, high bandwidth, and robust security. Yet service providers today face significant challenges in meeting enterprise demand for seamless connectivity, security and experience; particularly in environments that require diverse underlays such as 5G, fiber, and satellite.

    VeloSky addresses these challenges by integrating wired and wireless networks into a single solution that offers:

    • Business-Critical Traffic Prioritization: VeloSky allows customers to prioritize critical traffic to enable optimal application experience whether using one wired and one wireless connection, both wireless or wireless only. It features Dynamic Multipath Optimization (DMPO) to direct traffic based on real-time performance metrics and help applications perform efficiently.
    • Bandwidth Management: VeloSky leverages Dynamic Application-Based Slicing (DABS) to dynamically allocate bandwidth, prioritizing essential applications. By utilizing Mobile Networking Operator (MNO) industry standards for network slicing, it ensures reliable performance, even under network congestion.
    • Comprehensive Security Features: VeloSky includes Enhanced Firewall Services (EFS) for centralized, scalable protection against threats with tools like intrusion detection and prevention, URL filtering, L4-7 application-aware stateful inspection, malicious IP filtering, and traffic segmentation. This helps eliminate the need for an external legacy firewall while also providing comprehensive security.
    • Simplified Operations: VeloSky provides a unified platform that integrates visibility and control for networking and security, reducing complexity, time and operational costs.

    By unifying diverse network types and simplifying management, VeloSky delivers enhanced value and operational efficiency for service providers.

    VeloSky Simplifies Management of Multiple Networks
    VeloSky delivers a fully unified, converged platform that seamlessly integrates wired and wireless networks within a single management plane. Its architecture combines advanced networking and security services, offering customers the tools they need to optimize application performance while safeguarding their networks. VeloSky is designed for and tightly integrated with service provider networks. The platform supports wired, 5G fixed wireless access and satellite connections. The convergence of wired and wireless networks eliminates the need for separate hardware devices for each type of connectivity. Additionally, VeloSky provides zero-touch provisioning, monitoring, visibility and troubleshooting using a unified console for fiber, fixed wireless access and satellite. This simplifies network management, improves efficiency, and reduces expenses while ensuring seamless connectivity for all users.

    VeloSky offers service providers the tools they need to streamline operations and enhance connectivity. It lets providers address enterprise demands for secure, scalable, and reliable solutions and empowers them to remain competitive and innovative in today’s evolving digital landscape. VeloSky is available today.

    Supporting Quotes
    “MetTel recognizes the growing demand for network convergence driven by enterprises’ need for seamless, high-performance connectivity across diverse environments. As businesses increasingly rely on AI-driven applications and distributed workloads, the need for integrated fiber, 5G, and satellite connectivity has never been more crucial. VeloSky will allow us to deliver an AI-optimized, unified platform that enables greater reliability, enhanced security, and improved operational efficiency for our enterprise customers.” – Eddie Fox, CTO, MetTel

    “Vodafone Business recognizes the transformative potential of fixed wireless access in enabling enterprises’ adoption of advanced applications, including AI. Broadcom’s VeloSky solution is aligned with our plans for converged connectivity; it has potential to allow us to deliver secure, high-performance, and resilient ‘network as a service’ solutions that meet the dynamic demands of businesses today.” – Fanan Henriques, Director, Products and International, Vodafone Business

    “As operators invest in technologies like network slicing and private networks to drive B2B growth, they must not overlook their core enterprise customers, for whom these solutions may not be viable. Enterprises prioritize reliability, and seamless converged connectivity not only strengthens this but also creates a more compelling and stickier proposition. By enabling dynamic networking capabilities such as prioritized traffic steering—without significant cost burdens—operators can enhance enterprise core connectivity while driving greater customer loyalty and value.” – Tilly Gilbert, Consulting Director and Edge Practice Lead, STL Partners

    About Broadcom
    Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Broadcom’s category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to www.broadcom.com.

    Media Contact:

    Eloy Ontiveros
    Broadcom Global Communications
    1-650-427-6145
    eloy.ontiveros@broadcom.com

    The MIL Network –

  • MIL-OSI: IDEX Biometrics receives purchase order for biometric payment cards to Japan

    Source: GlobeNewswire (MIL-OSI)

    Oslo, Norway – IDEX Biometrics has received a production order from the manufacturing partner Beautiful Card Corporation (BCC). The order has a value of approx. USD 50,000 and is the first of a larger biometric payment card program issued across both Mastercard and Visa for the Japanese market.

    “BCC is a clear front-runner, with a commitment to bring biometric smart cards to customers and partners world-wide, for payment and access cards. As IDEX and BCC already have material ready for production, we have been able to respond to our partners’ imminent implementation program”, comments Catharina Eklof, Chief Executive Officer at IDEX Biometrics.

    For further information contact:
    Marianne Bøe, Head of Investor Relations, + 47 91800186
    Kristian Flaten, CFO, +47 95092322
    E-mail:ir@idexbiometrics.com

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.
    For more information, please visit www.idexbiometrics.com

    Trademark Statement
    IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders.

    About this notice:
    This notice discloses inside information pursuant to the EU Market Abuse Regulation and was issued by Marianne Bøe, Head of Investor Relations, on 04 March 2025 at 08:12 CET on behalf of IDEX Biometrics ASA. The notice is published in accordance with section 5-12 the Norwegian Securities Trading Act.

    The MIL Network –

  • MIL-OSI: LHV Group 2024 Audited Annual Report and Dividend Proposal

    Source: GlobeNewswire (MIL-OSI)

    The Supervisory Board of AS LHV Group (hereinafter: LHV Group) approved the 2024 audited annual report and will submit it to the Annual General Meeting for approval. Compared to the unaudited interim report published on 11 February, there are no differences in the audited financial results. The 2024 consolidated annual report of LHV Group is attached to this notice and will be made available on the LHV Group investor page at https://investor.lhv.ee/aruanded/#aastaaruanded.

    LHV Group generated consolidated revenue of 338.3 million euros (+11%) in 2024. Of the revenue, net interest income accounted for 273.3 million euros (+8%), and net fee and commission income 60.3 million euros (+24%). The expenses of the consolidation group in 2024 amounted to 146.9 million euros (+14%). The consolidated net profit of LHV Group in 2024 amounted to 150.3 million euros, i.e., 7% more than in 2023. LHV Group’s annual cost/income ratio was a good 43.4% and return on equity 24.5%. Ordinary earnings per share in 2024 amounted to 0.46 euros and diluted earnings per share to 0.45 euros.

    As at the end of 2024, the consolidated assets of LHV Group stood at 8.74 billion euros, growing by 23%, i.e., 1.64 billion euros over the year. The Group’s consolidated deposits grew by 21% over the year to 6.91 billion euros. The Group’s consolidated loan portfolio increased to 4.55 billion euros, i.e., 28% in 2024. The aggregate volume of funds managed by LHV increased by 3% over the year, to 1.56 billion euros. The number of payments processed in relation to clients who are financial intermediaries reached 74.8 million payments (+51%) in 2024.

    The number of LHV Pank clients increased to 455 thousand in 2024. Over the year, the number of bank clients increased by 38,000, i.e., more than 9%. As at the end of the year, the number of active II pillar pension clients at LHV stood at 114,000 (-8%), and 170,000 clients had taken out insurance with LHV Kindlustus (+6%).

    Among the subsidiaries, in 2024, AS LHV Pank earned a net profit of 140.5 million euros (141.4 million euros in 2023), UK Bank Limited 5.8 million euros (5.3 million euros in 2023), AS LHV Varahaldus 1.6 million euros (1.7 million euros in 2023), and AS LHV Kindlustus 1.2 million euros (0.3 million euros in 2023). LHV Group as a separate unit generated 81.7 million euros in profit in 2024.

    Dividend proposal

    The Management Board of LHV Group proposes that the Annual General Meeting distribute the profit for 2024 as follows:

    • to pay dividends of 0.09 euros per share, for a total amount of 29,177 thousand euros; the income tax payable on dividends would be 8,229 thousand euros;
    • to transfer the profit for the reporting period, amounting to 123,228 thousand euros, belonging to the parent company’s shareholders, to retained earnings.

    The list of shareholders entitled to dividends will be fixed as at the close of business of the Nasdaq CSD settlement system on 9 April 2025. Consequently, the day of change of the rights attaching to the shares (ex-date) is set to 8 April 2025. From this day onwards, a person acquiring the shares will not have the right to receive dividends for the financial year 2024. Dividends will be paid to shareholders on 10 April 2025.

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,200 people. As at the end of January, LHV’s banking services are being used by 460,000 clients, the pension funds managed by LHV have 112,000 active clients, and LHV Kindlustus protects a total of 172,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Marthi Lepik
    Communication Specialist
    Phone: +372 5666 2944
    Email: marthi.lepik@lhv.ee 

    Attachments

    The MIL Network –

  • MIL-OSI: BAWAG Group publishes FY 2024 results: Net profit € 760 million and RoTCE 26%; dividend per share of €5.50 for 2024

    Source: GlobeNewswire (MIL-OSI)

    • Q4 ’24 net profit of €240 million, EPS of € 3.03 and RoTCE of 31.6%
    • Pre-provision profit of €297 million (+12% vPQ) and CIR at 35.7%
    • FY ‘24 Net profit of €760 million (+11% vs. prior year), EPS of €9.60 and RoTCE of 26.0%
    • FY ‘24 Risk-cost ratio of 19 basis points … NPL ratio at 0.8%
    • Knab acquisition closed on November 1, 2024
    • Dividend per share of €5.50 to be proposed to the AGM
    • CET1 ratio of 15.2% post deduction of earmarked dividend of €432 million for FY 2024
    • Target for 2025: Net profit > €800 million, RoTCE >20%

    VIENNA, Austria – Today, BAWAG Group released its results for the full year 2024, reporting a net profit of € 760 million, earnings per share of €9.60, and a RoTCE of 26%. The operating performance of our business was strong with pre-provision profits of €1,083 million and a cost-income ratio of 33.5%. For the fourth quarter 2024, BAWAG Group reported a net profit of €240 million, earnings per share of €3.03, and RoTCE of 31.6%.

    Delivering strong results in FY 2024

    in € million Q4 ’24 Change vs prior
    year (in %)    		 Change vs prior
    quarter (in %)    		 FY ’24 Change vs prior year (in %)
    Core revenues 449.6 14 16 1,621.7 5
    Net interest income 368.4 14 19 1,311.8 5
    Net commission income 81.2 13 5 309.9 9
    Operating income 461.7 20 18 1,627.8 7
    Operating expenses (164.8) 34 30 (545.1) 12
    Pre-provision profit 296.9 13 12 1,082.7 4
    Regulatory charges (4.3) — 43 (15.3) (61)
    Risk costs 1.4 — — (81.8) (12)
    Profit before tax 296.1 25 25 989.9 9
    Net profit 240.0 36 35 760.0 11
               
    RoTCE 31.6% 6.0pts 7.6pts 26.0% 1.0pts
    CIR 35.7% 3.7pts 3.4pts 33.5% 1.7pts
    Earnings per share (€) 3.03 41% 35% 9.60 16%
    Liquidity Coverage Ratio (LCR) 249% 34pts (11pts) 249% 34pts

    Following the acquisition of Knab on 1 November 2024, the profit & loss includes two months’ contribution.

    Core revenues increased by 5% to €1,621.7 million in 2024 versus the prior year. Net interest income was at € 1,311.8 million, up by 5% versus 2023. Net fee and commission income increased by 9% to € 309.9 million.

    Operating expenses increased by 12% to € 545.1 million in 2024 versus the prior year as result of the consolidation of Knab in the fourth quarter 2024. The cost-income ratio increased by 1.7 points to 33.5%. This resulted in a pre-provision profit of € 1,082.7 million for the year 2024, up by 4% versus prior year.

    Risk costs were € 81.8 million in 2024, down 12% compared to the previous year. The management overlay was utilized during the year to increase ECL reserves due to model updates and increase NPL coverage based on conservative Commercial Real Estate values, while the remainder was released. The NPL ratio was 0.8% at the end of 2024.

    At the end of 2024, the CET1 ratio was at 15.2%, an increase of 50 basis points compared to the prior year. The CET1 ratio considers the deduction of € 432 million dividend accrual for 2024 as well as the self-funded acquisition of Knab.

    Our goal is, and will always be, maintaining a strong balance sheet, solid capitalization levels, low balance sheet leverage and conservative underwriting, a cornerstone of how we run the Bank.

    Targets

    Our outlook and our targets for 2025 are as follows:
    Net profit > €800 million, RoTCE >20%

    Earnings presentation
    BAWAG Group will host the earnings call with our CEO Anas Abuzaakouk, CFO Enver Sirucic and CRO David O’Leary at 10 a.m. CET on 4 March 2025. The webcast details are available on our website under Financial Results | BAWAG Group.

    Investor Day
    We will hold an Investor Day on March 4, 2025 at 3 p.m. CET. The webcast is available under
    https://www.bawaggroup.com/en/investor-day-2025. The documents will be released around noon.

    About BAWAG Group
    BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving our >4 million retail, small business, corporate, real estate and public sector customers across Austria, Germany, Switzerland, Netherlands, Western Europe and the United States. The Group operates under various brands and across multiple channels offering comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services. Our goal is to deliver simple, transparent, and affordable financial products and services that our customers need.

    BAWAG Group’s Investor Relations website https://www.bawaggroup.com/ir contains further information, including financial and other information for investors.

    Forward looking statement
    This release contains “forward-looking statements” regarding the financial condition, results of operations, business plans and future performance of BAWAG Group. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “would,” “could” and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect management’s expectations as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, economic conditions, the regulatory environment, loan concentrations, vendors, employees, technology, competition, and interest rates. Readers are cautioned not to place undue reliance on the forward-looking statements as actual results may differ materially from the results predicted. Neither BAWAG Group nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this report or its content or otherwise arising in connection with this document. This report does not constitute an offer or invitation to purchase or subscribe for any securities and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This statement is included for the express purpose of invoking “safe harbor provisions”.

    Financial Community:
    Jutta Wimmer (Head of Investor Relations)
    Tel: +43 (0) 5 99 05-22474

    IR Hotline: +43 (0) 5 99 05-34444
    E-mail: investor.relations@bawaggroup.com

    Media:
    Manfred Rapolter (Head of Corporate Communications & Social Engagement)
    Tel: +43 (0) 5 99 05-31210
    E-mail: communications@bawaggroup.com

    This text can also be downloaded from our website: https://www.bawaggroup.com

    The MIL Network –

  • MIL-OSI: Tune Talk and Mavenir Partner to Revolutionize Malaysia’s Telco Landscape with Cloud-Native Digital OSS/BSS Platform

    Source: GlobeNewswire (MIL-OSI)

    BARCELONA, Spain, March 04, 2025 (GLOBE NEWSWIRE) — Tune Talk, Malaysia’s fastest-growing digital telco, has signed a Memorandum of Agreement (MOA) with Mavenir, the cloud-native network infrastructure provider, to provide a cutting-edge Cloud-Native Digital Operations Support System (OSS) and Business Support System (BSS) platform. The announcement was made at Mobile World Congress (MWC) 2025 in Barcelona, reinforcing Tune Talk’s commitment to technological innovation and enhanced customer experience.

    The cloud-native OSS/BSS platform is designed to enable Tune Talk to implement self-healing and automatic scaling capabilities, significantly improving operational efficiency. With zero-touch operations, the platform is designed to streamline network management, reduce downtime, and enhance service reliability. Additionally, AI-driven tools will revolutionize customer engagement, offering hyper-personalized services tailored to individual subscriber needs.

    “This partnership with Mavenir marks a significant step in our digital transformation journey. By leveraging cloud-native and AI-powered solutions, we are not only optimizing our operations but also enhancing our ability to deliver superior and highly personalized services to our customers,” said Gurtaj Singh Padda, Executive Director and CEO of Tune Talk. “This move aligns with our vision of making digital connectivity more seamless and intelligent for all Malaysians.”

    Echoing this sentiment, Jay Pandey, Chief Technology Officer of Tune Talk, highlighted the operational efficiencies that this collaboration will bring: “With Mavenir’s cloud-native solutions, we expect to increase our operational efficiency by 60 to 70%. Network performance will see fewer interruptions, ensuring low latency and a more seamless experience for our subscribers. This partnership represents a transformative step in our technology processes, making our network smarter and more resilient than ever before.”

    Pardeep Kohli, President and CEO at Mavenir, also expressed enthusiasm for the strategic partnership: “We fully support Tune Talk’s efforts in becoming a cloud mobile network operator. Our cloud-native OSS/BSS platform is designed to enable Tune Talk to operate with greater agility, efficiency, and automation, setting a new standard for digital-first telco services in Malaysia and beyond. We look forward to driving this transformation together.”

    The implementation of this next-generation platform is expected to set a new benchmark in Malaysia’s telecommunications industry. By automating network operations and leveraging AI for predictive analytics, Tune Talk aims to improve network performance and customer satisfaction while reducing operational costs. This initiative also strengthens Malaysia’s position in the global digital economy, fostering innovation in the telco sector and setting a precedent for cloud-native adoption in the region.

    As digital transformation accelerates, the collaboration between Tune Talk and Mavenir is poised to redefine telco service delivery, bringing cutting-edge advancements to Malaysian consumers and the broader industry.

    About Tune Talk

    Tune Talk is the fastest-growing fully cloud-enabled Mobile Network Operator in Asia. Since our launch in 2009, we have remained committed to offering affordable rates and exciting incentives. As a digital lifestyle telecommunications company, our services include unlimited calls, SMS, and high-speed internet packages, tailored to meet the demands for simple, value-driven products with easy accessibility and wide distribution. Our focus on innovation and digital disruption drives us to continuously provide cutting-edge telecommunication solutions, meeting the evolving needs of our customers and keeping us at the forefront of the industry.

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

    About Mavenir:

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

    PR Contacts: Mavenir: Emmanuela Spiteri | PR@mavenir.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ec6ad0e-db50-409f-be25-495db047d71c

    The MIL Network –

  • MIL-OSI: NOTICE ON CALLING ANNUAL GENERAL MEETING OF SHAREHOLDERS

    Source: GlobeNewswire (MIL-OSI)

    The Management Board of AS LHV Group (hereinafter LHV Group) hereby calls the general meeting of the shareholders (hereinafter the General Meeting), to be held on 26 March 2025 starting at 13:00 (Estonian time) at Hilton Tallinn Park Hotel (Fr. R Kreutzwaldi 23, Tallinn).

    The list of shareholders entitled to participate in the General Meeting will be determined as of 7 (seven) days before the General Meeting, i.e., as at 19 March 2025 EOD of Nasdaq CSD settlement system.

    Pursuant to the resolution adopted by LHV Group’s Supervisory Board on 19 February 2025, the agenda of the General Meeting will be following, and the proposals of the Management Board and the Supervisory Board in regard to the agenda items are specified by each agenda item as follows, whereas the Supervisory Board has proposed to vote in favour of all draft resolutions specified under the agenda items.

    1. Annual Report 2024

    Approve the Annual Report of LHV Group for the financial year 2024 as submitted to the General Meeting.

    2. Profit Distribution for Financial Year 2024

    The consolidated net profit attributable to LHV Group as the parent company of the consolidation group in the financial year 2024 amounts to EUR 152,405 thousand. Transfer EUR 0 to the legal reserve. Approve the profit allocation proposal made by the Management Board and pay dividends in the net amount of 9 euro cents per share. The list of shareholders entitled to receive dividends will be established as at on 9 April 2025 EOD of Nasdaq CSD settlement system. Consequently, the day of change of the rights related to the shares (ex-dividend date) is set to 8 April 2025. From this day onwards, the person acquiring the shares will not have the right to receive dividends for the financial year 2024. Dividends shall be disbursed to the shareholders on 10 April 2025.

    3. Financial Results of First Two Months of 2025

    An overview of the economic results of LHV Group for the first two months of 2025.

    4. Five-Year Financial Forecast

    An overview of the five-year financial forecast of LHV Group.

    5. Amendments to 2020–2024 Share Option Program

    Approve the amendments of LHV Group’s 2020–2024 share option program as presented to the General Meeting and authorize LHV Group’s Supervisory Board to implement the 2020–2024 share option program in accordance with the program’s terms.

    6. 2025–2029 Share Option Program

    Approve LHV Group’s 2025–2029 share option program as presented to the General Meeting and authorize LHV Group’s Supervisory Board to implement the 2025–2029 share option program in accordance with the program’s terms.

    7. Conditions of Performance Pay

    As of 1 January 2026, to prospectively raise for the next five (5) years, i.e., for the period of the 2025–2029 share option program, the percentage of performance pay payable to the management members and equivalent staff of LHV Group and its group companies up to two hundred percent (200%) of their basic salary in accordance with the rationale presented to the General Meeting.

    8. Acquisition of Own Shares

    Approve the acquisition of LHV Group’s own shares under the following conditions:

    • The purpose of acquiring own shares is to create value for shareholders by using the acquired shares for the execution of applicable General Meeting’s approved share option programs.
    • The acquisition shall be executed within a period of up to five (5) years from the adoption of this resolution. The acquisitions may take place in one or multiple transactions within thirteen (13) months from each LHV Group’s Supervisory Board decision to execute the acquisition of own shares.
    • LHV Group is entitled to acquire a maximum of its own shares necessary for fulfilling the commitments arising from the General Meeting’s approved share option programs. The acquisition may take place in portions corresponding to the required volume for a single year, multiple years, or the full duration of the applicable share option programs. This resolution shall also apply if the shareholders approve amendments to the share option programs that affect the acquisition volume. In any case, the total nominal value of the shares owned by LHV Group does not exceed 1/10 of the share capital.
    • The price per share to be paid for own shares shall be no less than EUR 0.00 and must not exceed the closing price of the Nasdaq Tallinn Stock Exchange on the previous trading day, as determined before the execution date of each respective acquisition (or the date of announcement of the execution of the acquisition). The purchase price per share shall not exceed the average market price of the last 30 trading days by more than fifty percent (50%). The acquisition of shares shall be executed under market conditions in accordance with the rules of Nasdaq Tallinn Stock Exchange.
    • The acquisition of own shares must not cause the net assets to become less than the total of share capital and reserves which pursuant to law or the Articles of Association shall not be paid out to shareholders.

    Authorize LHV Group’s Supervisory Board, in accordance with this resolution, applicable legislation and the General Meeting’s approved share option programs, to decide and execute own shares acquisitions, determine the acquisition price, procedure, and other conditions, and to carry out all necessary actions related to the own shares acquisition. The Supervisory Board may delegate technical and procedural tasks related to the execution of the acquisition to the Management Board. The execution of the own shares acquisition shall be conditional upon the European Central Bank’s consent.

    9. Amendments to Articles of Association

    Approve the new redaction of the Articles of Association of LHV Group, thereby amending clauses 4.1.5 and 4.1.6. with the following wording:
    “4.1.5.    The Supervisory Board has set up the Audit Committee, the Risk and Capital Committee, the Nomination Committee and the Remuneration Committee and established the relevant terms of reference.”
    “4.1.6. The Supervisory Board shall be authorized, for a period of 3 (three) years from the entry into force of this version of the Articles of Association, to increase the share capital through contributions 1 (once) per year by up to 2% (two percent) of the share capital as valid at the time of the respective resolution. If the full 2% (two percent) limit has not been used in previous years, the unused portion may be carried forward within the authorization period. However, if the limit has been fully utilized, the increase in any following year shall not exceed 2% (two percent).”

    The registration of the participants of the General Meeting will take place on the day of the meeting, 26 March 2025, between 12:00 and 12:45. The organizers of the General Meeting have the right not to consider later requests for registration and participation in the General Meeting. Registration of participation ensures the exercise of shareholder’s rights during the General Meeting, including electronic voting for draft resolutions on the agenda of the General Meeting.

    Shareholders who cannot or do not wish to take part in the General Meeting can vote on the draft resolutions on the agenda of the General Meeting before the General Meeting (hereinafter pre-voting) in the period from the determination of the circle of shareholders entitled to participate in the General Meeting (i.e., as of the end of the business day of the Nasdaq CSD settlement system on 19 March 2025) until 24 March 2025 at 17:00, whereas the simplified pre-voting via the website vote.lhv.ee/ (hereinafter meeting website) will be opened at 10:00 on 21 March 2025. A shareholder who has pre-voted is considered to be participating in the General Meeting, and the votes represented by the shares that shareholder holds are accounted as part of the General Meeting quorum.

    Pre-voting under simplified procedure and registering participation and electronic voting during the General Meeting takes place through the meeting website. Shareholders who cannot or do not wish to participate in the pre-voting or register their presence electronically, will be allowed to register and vote at the meeting venue, as long as they arrive at the venue with sufficient time for registration. It is possible to pre-vote on the draft resolutions on the agenda of the General Meeting using the pre-voting ballots, which are available on LHV Group’s website investor.lhv.ee/en/ (hereinafter investor website).

    Shareholders whose rights are exercised by a representative at the General Meeting, must ensure that before the General Meeting takes place, the document(s) proving their right of representation are presented in writing to LHV Group’s e-mail address group@lhv.ee or on working days between 9 to 17 to LHV Group’s address Tartu mnt 2, Tallinn 10145, 1st floor no later than 17:00 on 25 March 2025. All documents submitted in a foreign language must be in English or translated into English by a sworn translator or an official equivalent to a sworn translator, certified and legalized or apostilled, unless otherwise provided by legal acts in force. LHV Group must also be informed of the withdrawal of the given authorization by the same deadline. LHV Group asks to take into account that shareholder’s rights can be exercised via the meeting website by a person who has the right of sole representation of the shareholder. Holders of nominee accounts who wish to vote on a draft resolution in a proportion other than the total number of votes belonging to the respective shareholder, i.e., to distribute the votes belonging to the respective shareholder on the draft resolution between several predetermined options, will have the opportunity to do so on the meeting website. Such proportional voting is also possible with the pre-voting ballots published on the investor website.

    In the counting the votes given by pre-voting and electronic voting during the General Meeting, only votes that followed the procedure for pre-voting and electronic participation will be counted. The procedure can be found on the investor website.

    Shareholders can remotely watch the General Meeting’s live stream and participate in discussions through the website investor.lhv.ee/uldkoosolek/. Access to the live stream does not require authentication or registration. Instructions for watching the broadcast and submitting questions can be found on the investor website. 

    Up to and including the day of the General Meeting, shareholders have the option of examining all documents submitted to General Meeting (including the notice on calling the General Meeting, draft resolutions, LHV Group’s annual report for 2024, including the independent auditor’s report, proposal for the profit distribution, the remuneration report, the Supervisory Board’s report on its activities and assessment of the 2024 annual report and proposals for approving of the terms of performance pay, LHV Group’s share option programs and LHV Group’s Articles of Association) on the investor webpage. The procedure for pre-voting and electronic participation, instructions for watching the video broadcast, pre-voting ballots, and authorizations for appointing a representative at the General Meeting can also be found on the same page.

    Before the General Meeting, shareholders can ask questions about the agenda items of the General Meeting by email group@lhv.ee, provided that the questions are received by LHV Group at least 1 (one) working day before the General Meeting, no later than 13:00 on 25 March 2025. 

    At the General Meeting, shareholders have the right to receive information from the Management Board, to request that additional items be included on the agenda, and to submit draft resolutions in regard to each agenda item. In regard to the procedure and term for exercising these rights, LHV Group proceeds from the provisions of section 287, subsections 293 (2) and 2931 (4) of the Commercial Code and requests that the corresponding applications be sent by e-mail to group@lhv.ee or to LHV Group’s location at Tartu mnt 2, Tallinn 10145.

    Within 7 (seven) days of the General Meeting, the minutes of the General Meeting will be made available to shareholders on the investor website.

    Sincerely,
    Madis Toomsalu
    Chairman of the Management Board of AS LHV Group

    Marthi Lepik
    Communication Specialist
    Phone: +372 5666 2944
    Email: marthi.lepik@lhv.ee 

    Attachments

    The MIL Network –

  • MIL-OSI: DealBox Asks If Bitcoin Stuck in the Past? How It’s Quietly Becoming a Programmable Blockchain Powerhouse

    Source: GlobeNewswire (MIL-OSI)

    Palo Alto, CA, March 03, 2025 (GLOBE NEWSWIRE) — Ethereum showed the world that blockchains could do more than just settle transactions and lock in value; they could become platforms for a vast array of services, from decentralized finance (DeFi) applications and sophisticated liquidity pools to non-fungible tokens (NFTs) and entire digital economies.

    At the heart of these innovations is the idea of Layer 1 and Layer 2 solutions. Layer 1 refers to the base blockchain itself—like Bitcoin or Ethereum—where transactions are recorded and secured by the network’s consensus mechanism. Layer 2, on the other hand, consists of additional protocols built on top of Layer 1 to improve scalability, reduce fees, and add advanced functionality without overloading the base layer. Ethereum, with its Layer 2 rollups and sidechains, has demonstrated how these additional layers can unlock entirely new possibilities.

    As Bitcoin’s steadfast community watched this evolution unfold, a pressing question emerged: Can Bitcoin ever evolve to a similar level of programmability and utility, without compromising its prized security and decentralization? Today, the industry stands on the brink of an answer. Cutting-edge solutions are introducing the tools required to build complex applications using Bitcoin as the foundational layer of trust. By anchoring execution and data within Bitcoin’s unassailable network, these new frameworks promise to deliver functionality reminiscent of Ethereum’s thriving ecosystem—without bridging out, altering Bitcoin’s core code, or compromising on its guiding principles.

    The Market’s Call for More Than Just a Store of Value

    As Bitcoin continued to solidify its status as a global store of value, the broader cryptocurrency ecosystem moved quickly. DeFi platforms began serving as global liquidity pools, enabling everything from lending and borrowing to automated market making. Layer 2 solutions on Ethereum, such as rollups and sidechains, sprang up to improve scalability and reduce fees. NFTs captured mainstream attention by proving that digital art, music, and collectibles could carry verifiable uniqueness and ownership. All of this paved a path for a more complex and dynamic type of blockchain usage: one that Bitcoin, for all its strengths, had not yet fully embraced. Despite Bitcoin’s unmatched security and track record, developers wanting to build advanced financial applications, tokenization platforms, or NFT ecosystems had traditionally looked to Ethereum and other programmable chains to bring their ideas to life.

    A Quiet Evolution: Introducing Programmability to Bitcoin

    The key to bringing robust programmability to Bitcoin lies in meeting two critical demands: remain faithful to Bitcoin’s trust-minimized architecture and ensure that the network’s famously deliberate development ethos is respected. Attempts to graft complex applications directly onto Bitcoin’s blockchain often met resistance due to concerns around data bloat, security risks, and consensus changes. However, a new class of solutions is rising to the challenge by performing the heavy lifting off-chain and simply anchoring the integrity and ownership proofs back to Bitcoin. This approach allows the network to scale without burdening its base layer, enables complex logic without overhauling Bitcoin’s consensus, and brings forth a universe of use cases once thought out of reach.

    How Ethereum’s Model Guides Bitcoin’s Next Steps

    Ethereum’s success demonstrates that a healthy developer ecosystem requires flexible tools. Smart contracts, robust developer libraries, and clear frameworks for building decentralized applications turned Ethereum into a kind of “world computer” for the crypto industry. From this vantage point, Ethereum’s architecture taught the broader crypto community that bringing computation closer to the settlement layer can rapidly accelerate innovation—though often at the cost of greater complexity on-chain. Now, Bitcoin-focused projects are turning those insights into a unique blueprint for Bitcoin’s evolution. Instead of copying Ethereum wholesale, they are crafting methods that preserve Bitcoin’s minimalist approach. The idea: Off-chain computation and client-side validation ensure that complex logic happens where it won’t compromise Bitcoin’s streamlined ledger. Meanwhile, a proof or hash of that activity is anchored in Bitcoin, creating a trust-minimized linkage.

    OroBit: Extending Bitcoin’s Capabilities Without Compromise

    Enter chains like OroBit. These emerging Layer 2 solutions are building frameworks that enable advanced smart contracts, tokenization, DeFi, and NFTs directly anchored to Bitcoin’s security. By using Bitcoin as the root of trust and combining it with off-chain execution frameworks, OroBit opens the door for developers to leverage Bitcoin’s robust base layer while enjoying the creative freedom that previously existed mainly in Ethereum’s realm. For instance, OroBit can deploy a “Simple Contract Language” (SCL) to manage data off-chain via decentralized nodes, verifying contract logic without overloading Bitcoin’s main blockchain. This approach parallels Ethereum’s Layer 2 scaling solutions, but instead of making Bitcoin more complex or riskier, it keeps the core blockchain lean. Off-chain computation, Lightning Network integration, and careful cryptographic proofs ensure that even the most intricate financial logic can be executed while Bitcoin’s main layer remains secure and relatively unchanged.

    DeFi, Private Equity, and More on Bitcoin

    Just as Ethereum’s flexible framework led to an explosion of DeFi protocols, liquidity pools, lending platforms, and robust NFT ecosystems, OroBit and similar chains aim to spark a comparable wave of innovation anchored to Bitcoin. Developers could build Automated Market Makers (AMMs), lending protocols, stablecoins, or advanced NFTs that derive their fundamental trust and security from the Bitcoin network. Adding to this momentum, OroBit is collaborating with entities like Deal Box to revolutionize private equity markets through tokenization. This partnership is set to bring real-world assets, such as private securities, onto Bitcoin’s robust blockchain. By leveraging OroBit’s Bitcoin Layer 2 (BTC L2) solution, tokenized private markets can achieve unprecedented levels of accessibility, efficiency, and transparency. Investors will benefit from features like streamlined onboarding and fast, low-cost transactions enabled by the Lightning Network.

    Major institutions have taken notice of Bitcoin’s Layer 2 advancements as well. Fidelity, which manages $5.9 trillion in assets, recently asserted that “The Lightning Network appears to be successfully delivering on its goal of being the most efficient way to transact in the digital asset ecosystem.” Such endorsements underscore the growing confidence in Bitcoin’s ability to power fast, cost-effective applications—ultimately bridging the gap between ‘digital gold’ and a fully programmable blockchain. 

    Bitcoin stands ready to leverage its immense liquidity and unparalleled security to empower developers, investors, and users seeking innovative solutions. In short, Bitcoin is evolving beyond its identity as “digital gold,” stepping into a future where it serves as a foundation for groundbreaking applications, proving that what began as the world’s most secure store of value can now drive the next generation of blockchain-powered advancements.

    About Deal Box

    Deal Box is venture capital that fits your life. By merging institutional-grade diligence with flexible investment options, Deal Box empowers accredited investors to craft portfolios that align with their financial ambitions. For more information, visit https://dealbox.vc/

    About OroBit

    OroBit is at the forefront of decentralizing finance with its Bitcoin-native smart contracts and tokenized assets. Anchored by real gold, OroBit blends blockchain innovation with palpable security. Discover more at https://orobit.ai

    The MIL Network –

  • MIL-OSI: DMG Blockchain Solutions Reports First Quarter 2025 Results and February Operations Update

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 03, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, today announces its fiscal first quarter 2025 financial results. All financial references are in Canadian Dollars unless specified otherwise. Readers are encouraged to review the Company’s December 31, 2024 quarterly unaudited financial statements and management’s discussion and analysis thereof for a fulsome assessment of the Company’s performance and applicable risk factors, available at www.sedarplus.ca.

    Q1 2025 Financial Results Highlights

    • Revenue: $11.6 million in Q1 2025, up 97% from $5.9 million in Q4 2024 and up 20% from $9.7 million in Q1 2024.
    • Bitcoin Mined: 97 bitcoin mined in Q1 2025, up 49% from Q4 2024.
    • Cash Flow from Operations: -$2.7 million in Q1 2025, versus +$1.3 million in Q4 2024, as the Company sold $4 million less bitcoin than it earned.
    • Hashrate: 1.62 EH/s for Q1 2025, up 65% sequentially and 68% year-over-year; now operating at 1.8 EH/s with the goal to reach 2.1 EH/s in March 2025.
    • Fleet Efficiency: 22.9 J/TH in Q1 2025, an improvement of 7% from Q4 2024; targeting 21 J/TH when hydro miners are fully energized.
    • Cash and Digital Assets: $58.2 million as of quarter-end Q1 2025, up 62% from Q4 2024 and up 110% from Q1 2024.
    • Net Loss: -$0.02 per share in Q1 2025, versus -$0.05 per share in Q4 2024 and $0.04 in Q1 2024.

    Preliminary February Operational Results

    • Bitcoin Mined: 27 BTC (vs 31 BTC in Jan 2025, in line with 28 days and curtailment)
    • Hashrate: 1.71 EH/s (vs 1.75 EH/s in Jan 2025)
    • Bitcoin Holdings: 443 BTC (vs 431 BTC in Jan 2025)
    • Days non-firm power curtailed: 3 (vs 0 in Jan 2025); average hashrate was 1.81 EH/s for period excluding curtailment

    DMG’s CEO, Sheldon Bennett, commented: “In addition to growing our hashrate, the first part of our financial year 2025 marks a major step forward in our Core+ strategy and Generative Artificial Intelligence ambitions. With Systemic Trust now a Qualified Digital Asset Custodian, we are focused on onboarding new customers and ramping revenue. Our near-term roadmap to offer Systemic Trust custodial wallets that support DMG’s Petra technology along with the integration of both Helm Data Center Infrastructure Management and Reactor into Terra Pool, position us to fully enable our carbon neutral Bitcoin ecosystem. Furthermore, we have expanded our AI initiatives, with a memorandum of understanding for a 10 MW prefabricated data center in addition to our MOU to establish a joint venture with the Malahat Nation for 30 MW of AI compute capacity. We remain committed to growth in areas that can deliver the most long-term value for our shareholders.”

    Financial First Quarter 2025 Financial Results Review

    Revenue increased by $1,942,061 in Q1 2025 from $9,690,764 Q1 2024. The increase in revenue is attributable to increases in digital currency mining revenues of $1,489,833 due to increases in the average bitcoin price in the period of $116,580 versus $49,006 during the same period in the prior year. These increases were offset by increases in network difficulty from the same period last year.

    Operating and maintenance expenses for Q1 2025 was $6,679,843, up from $5,147,651 in Q1 2024. This increase is primarily attributed to a $1,368,217 rise in utilities expenses, driven by expanded digital currency mining operations related to additional operating miners.

    Research costs for Q1 2025 were $553,964, having increased by $115,785 compared to Q1 2024. Research in fiscal 2025 continues to focus on software and relates to work on Systemic Trust, Helm, Reactor and Blockseer Explorer.

    General and administrative costs for Q1 2025 was $1,836,680 in comparison to $886,061 for Q1 2024. General and administrative costs consist mostly of wages, professional fees, consulting fees and interest expense. The overall increase of $950,619 is attributable mainly to an increase of $178,958 in consulting fees, $171,595 in wages and $422,645 in interest expense related to the Company’s credit facility with Sygnum Bank.

    Depreciation for Q1 2025 was $4,349,470 compared to $4,341,782 in Q1 2024.

    Net income decreased by $10,075,491 to a net loss of $3,103,001 for Q1 2025 versus net income of $6,972,490 in Q1 2024. The decrease in net loss is mainly a result of a large unrealized gain on revaluation of digital currencies in the prior year of $8,162,860 in the statement of profit and loss. A gain of $15,319,443 was recorded through other comprehensive income in the current period related to an unrealized gain on the revaluation of the balance held of digital currency. Gains related to the increase in digital currency in the prior year were offset against historical losses incurred in prior periods. Gains are recognized to the extent of any historical losses, after which gains are recognized through other comprehensive income under the accounting policies of IAS 38. Resulting in a large difference in net income between the two periods.

    Total assets as of December 31, 2024 were $137,128,716, an increase of $33,259,735 versus September 30, 2024. The increase is mostly attributable to a net increase in digital currency of $19,615,571, due to the revaluation of digital currency balances at an increased price of bitcoin, $132,949 as of December 31, 2024 as compared to $88,673 as of September 30, 2024.

    In Q1 2025, DMG sold 78 bitcoin, generating $7,305,976 cash, thus selling 81% of the bitcoin mined versus 143% in the prior quarter.

    Future changes in the Bitcoin network-wide mining difficulty or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate and mining difficulty.

    First Quarter 2025 Results Conference Call Details

    The Company will host a conference call to review its results and provide a corporate update on Tuesday, March 4, 2025 at 4:30 PM ET. Participants should register for the call via the registration link.

    In addition to a live Q&A session via chat, management will also address pre-submitted questions. Those wishing to submit a question may do so via email at investors@dmgblockchain.com, using the subject line ‘Conference Call Question Submission,’ through 2:00 PM ET on March 4, 2025.

    About DMG Blockchain Solutions Inc.

    DMG is a publicly traded, sustainably-focused and vertically integrated blockchain and data center technology company that develops, manages and operates end–to-end digital solutions to monetize the blockchain and generative artificial intelligence compute ecosystems. DMG’s businesses are segmented into two business lines under the Core (data center infrastructure) and Core+ (software and services) strategies and unified through DMG’s vertical integration.

    For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
    Follow @dmgblockchain on X and subscribe to DMG’s YouTube channel.

    For further information, please contact:

    On behalf of the Board of Directors,

    Sheldon Bennett, CEO & Director
    Tel: +1 (778) 300-5406
    Email: investors@dmgblockchain.com
    Web: www.dmgblockchain.com

    For Investor Relations:
    investors@dmgblockchain.com

    For Media Inquiries:
    Chantelle Borrelli
    Head of Communications
    chantelle@dmgblockchain.com

    DMG Blockchain Solutions Inc.
    Condensed Consolidated Interim Statements of Financial Position
    (Expressed in Canadian Dollars)
     

    Notes

    		 As at
    December 31, 2024
    (unaudited)    		   As at
    September 30, 2024
    (audited)    		  
    ASSETS   $   $  
    Current      
    Cash and cash equivalents   4,273,533   1,679,060  
    Amounts receivable 6 4,802,944   4,910,251  
    Digital currency 5 53,943,274   34,327,703  
    Prepaid expense and other current assets   402,787   337,042  
    Marketable securities 8 359,833   316,803  
    Short-term investment 9 5,516,500   –  
    Total current assets   69,298,871   41,570,859  
           
    Long-term deposits 10 10,743,511   2,047,682  
    Property and equipment 12 50,194,530   53,798,978  
    Intangible asset   276,040   –  
    Long-term investments 13 45,000   45,000  
    Amount recoverable 7 6,570,764   6,406,462  
    Total assets   137,128,716   103,868,981  
           
    LIABILITIES AND SHAREHOLDERS’ EQUITY      
    Current      
    Trade and other payables 14 3,748,608   5,183,107  
    Deferred revenue 19 7,355   –  
    Current portion of lease liability 15 40,071   43,483  
    Current portion of loans payable 16 20,020,520   13,928,462  
    Total current liabilities   23,816,554   19,155,052  
           
    Long-term lease liability 15 41,534   51,842  
    Total liabilities   23,858,088   19,206,894  
           
    Shareholders’ Equity      
    Share capital 17(a) 120,326,738   113,086,455  
    Reserves 17(b)(c) 55,036,328   45,853,100  
    Accumulated other comprehensive income   25,736,645   10,448,614  
    Accumulated deficit   (87,829,083)   (84,726,082)  
    Total shareholders’ equity   113,270,628   84,662,087  
    Total liabilities and shareholders’ equity   137,128,716   103,868,981  
           
    DMG Blockchain Solutions Inc.  
    Condensed Consolidated Interim Statements of Income (Loss) and Comprehensive Income (Loss)  
    (Expressed in Canadian Dollars, except for number of shares)  
    (Unaudited)  
        For the three months ended December 31,
    		  
      Notes 2024   2023  
        $
    		   $
    		  
    Revenue 19 11,632,825   9,690,764  
           
    Expenses      
    Operating and maintenance costs 20(a) 6,679,843   5,147,651  
    General and administrative 20(b) 1,836,680   886,061  
    Stock-based compensation 17(b) 678,528   368,494  
    Research 20(c) 553,964   438,179  
    Bad debt (recovery) expense 6 (4,743)   3,764  
    Depreciation 12 4,349,470   4,341,782  
    Total expenses   14,093,742   11,185,931  
           
    Operating loss before other items   (2,460,917)   (1,495,167 )
           
    Other income (expense)      
    Interest and other income 7 164,302   165,781  
    Impairment of non-current assets   37,819   –  
    Foreign exchange loss   (909,388)   (94,585)  
    Loss on fair value of investments 10 –   (609,120)  
    Provision of sales tax receivable 6 (307,739)   (253,900)  
    Unrealized revaluation gain on digital currency 5 28,083   8,162,860  
    Realized gain on sale of digital currency   301,809   851,870  
    Gain on change in fair value of marketable securities 8 43,030   244,751  
    Net income (loss)   (3,103,001 ) 6,972,490  
           
    Other comprehensive income      
    Items that may be reclassified subsequently to income or loss:      
    Revaluation gain on digital assets 5 15,319,443   –  
    Cumulative translation adjustment   (31,412)   10,082  
    Net income and comprehensive income   12,185,030   6,982,572  
           
    Basic earnings (loss) per share 17(d) $(0.02)   $0.04  
    Diluted earnings (loss) per share 17(d) $(0.02)   $0.04  
    Weighted average number of shares outstanding 17(d)    
    – basic   185,799,634   168,147,570  
    – diluted   185,799,634   170,175,939  

                                                                                                                         

    DMG Blockchain Solutions Inc.    
    Condensed Consolidated Interim Statements of Cash Flows    
    (Expressed in Canadian Dollars)    
    (Unaudited)    
    For the three months ended December 31, 2024   2023  
      $   $  
    OPERATING ACTIVITIES    
    Net income (loss) for the period (3,103,001)   6,972,490  
    Non-cash items:    
    Accretion 1,867   11,460  
    Depreciation 4,349,472   4,338,369  
    Share-based payments 678,528   368,494  
    Unrealized gain on revaluation of digital currency (28,083)   (8,162,861)  
    Unrealized foreign exchange (gain) loss 926,984   (16,272)  
    Impairment of non-current assets (37,819)   –  
    Unrealized gain on marketable securities (43,030)   (244,751)  
    Impairment of investment –   609,120  
    Provision for sales tax receivable 307,739   253,900  
    Bad debt (recovery) expense (4,743)   3,764  
    Digital currency related revenue (11,266,187)   (8,744,492)  
    Digital currency sold 7,305,976   9,445,176  
    Realized gain on sale of digital currency (301,809)   (851,870)  
    Non-cash interest income (164,302)   (164,632)  
    Accrued interest 329,604   –  
         
    Changes in non-cash operating working capital:    
    Prepaid expenses and other current assets (65,745)   30,629  
    Amounts receivable (101,051)   (781,682)  
    Deferred revenue 7,355   14,302  
    Trade and other payables (1,523,145)   668,276  
    Net cash (used in) provided by operating activities (2,731,390)   3,749,420  
         
    INVESTING ACTIVITIES    
    Purchase of property and equipment (343,976)   (381,773)  
    Purchase of intangible assets (276,040)   –  
    Deposits on mining equipment (9,554,087)   (2,570,515)  
    Purchase of short-term investment (5,516,500)   (609,120)  
    Refund of security deposit 457,325   –  
    Net cash used in investing activities (15,233,278)   (3,561,408)  
         
    FINANCING ACTIVITIES    
    Proceeds from issuance of units 17,254,945   –  
    Share issuance costs (1,570,875)   –  
    Proceeds from option exercises 60,913   269,776  
    Principal lease payments (15,356)   (45,276)  
    Repayment of loan payable (1,000,000)   –  
    Proceeds from secure loan 5,829,013   –  
    Net cash provided by financing activities 20,558,640   224,500  
         
    Impact of currency translation on cash and cash equivalents 501   (206)  
    Cash and cash equivalents, change 2,594,473   412,306  
    Cash and cash equivalents, beginning 1,679,060   1,789,913  
    Cash and cash equivalents, end 4,273,533   2,202,219  
             

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

    Cautionary Note Regarding Forward-Looking Information

    This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding the planned conference call, DMG’s strategies and plans, increasing hashrate and the anticipated timelines, the expected arrival and operation of the hydro miners and containers, growing the Company’s hashrate to 2.1 EH/s by March 2025, the development of Systemic Trust including generating revenues, the potential for a 10-megawatt prefabricated data center in addition to the MOU to establish a potential joint venture with the Malahat Nation for 30 megawatts of AI compute capacity, improving fleet efficiency and continuing to execute on Core+ software initiatives, onboarding of new clients to Terra Pool, the opportunity and plans to monetize bitcoin transactions, the continued investment in Bitcoin network software infrastructure and applications, developing and executing on the Company’s products and services, increasing self-mining, efforts to improve the operation of its mining fleet, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.

    Future changes in the Bitcoin network-wide mining difficulty or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate and mining difficulty.

    Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

    Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

    The MIL Network –

  • MIL-OSI: Live Oak Acquisition Corp. V Completes $230,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, March 03, 2025 (GLOBE NEWSWIRE) — Live Oak Acquisition Corp. V (the “Company”) announced today the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000. The Company’s units began trading on February 28, 2025 on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “LOKVU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The warrants will become exercisable 30 days after the completion of the Company’s initial business combination, and will expire five years after the completion of the Company’s initial business combination or earlier upon redemption or its liquidation. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “LOKV” and “LOKVW,” respectively.

    Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $231,150,000 (or $10.05 per unit sold in the offering) was placed in a trust account of the Company.

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry. The Company’s management team is led by Richard Hendrix, its Chairman, Chief Executive Officer and the co-founder of Live Oak Merchant Partners (“Live Oak”), and Adam Fishman, its President, Chief Financial Officer, Director and a Managing Partner of Live Oak. The Board also includes Ashton Hudson, Jonathan Furer and Andrea Tarbox. Gary Wunderlich, Jr. will serve as a Senior Advisor.

    Santander acted as the sole underwriter for the offering.  

    The offering was made by means of a prospectus. Copies of the prospectus may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at equity-syndicate@santander.us, or by telephone at 833-818-1602. A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on February 27, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.

    Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Investor Contacts

    Live Oak Acquisition Corp. V
    4921 William Arnold Road
    Memphis, Tennessee 38117
    Attn: Adam Fishman
    E-mail: IR@liveoakmp.com

    The MIL Network –

  • MIL-OSI: reAlpha’s AiChat Unveils Next-Gen AI Agents

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, March 03, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announces that its subsidiary, AiChat Pte. Ltd. (“AiChat”), is launching its AI-powered digital agents (the “AI Agents”), further enhancing its intelligent customer engagement capabilities.

    Next-Generation AI Capabilities: Elevating Customer Experiences

    AiChat’s AI Agents include Voice AI and Agentic AI, both of which are designed to facilitate and further personalize the way businesses connect with their customers. For example, the AI Agents can personalize responses based on the context of previous conversations, remembering customer preferences and past interactions to deliver more relevant recommendations. reAlpha expects that these AI-powered technologies will empower brands to create more personalized, seamless, and human-like interactions across their digital platforms.

    • Voice AI: Human-Like Conversations Capabilities

    AiChat’s Voice AI enables businesses to interact with customers in natural, human-like manner and handle their complex queries in real-time. With capabilities like multi-language support, voice-cloning, real-time analytics, and integrations with automatic speech recognition, text-to-speech, and large language model technologies, AiChat believes it will deliver prompt and scalable voice interactions through Voice AI.

    • Agentic AI: The Next Step in Generative AI

    AiChat’s Agentic AI will interact with customers with autonomy, adaptability, and personalization. Unlike scripted AI, Agentic AI will be able to understand context and adapt in real time to deliver prompt, natural responses. With self-learning and multi-turn contextual awareness, businesses can scale human-like interactions while maintaining brand consistency, which we believe may also improve customer loyalty and a customer’s overall customer service satisfaction.

    Giri Devanur, Chief Executive Officer of reAlpha, said, “We are thrilled to announce this exciting new chapter for AiChat under reAlpha’s vision. With AiChat’s enhanced capabilities, including the introduction of Agentic AI and Voice AI, we are empowering businesses to unlock the true potential of customer engagement through human-centric, innovative technologies.”

    Market Growth: AI Agents on the Rise

    The global autonomous AI and autonomous agents market is witnessing rapid expansion, with the total market size expected to reach $783.27 billion by 20371. As businesses increasingly embrace digital transformation, AiChat believes it is positioning itself as a leader in next-generation AI solutions by delivering intelligent, personalized, and streamlined customer experiences for businesses worldwide.

    One example is MYDIN, one of Malaysia’s largest retail chains, which has utilized AiChat’s AI-powered solutions to enhance its customer service. Malik Murad Ali, Director of Information Technology, Digital, Human Resources, and Leap Production System at MYDIN, shared, “Since integrating AiChat’s AI solutions, we’ve seen a significant improvement in our customer service capabilities, and, as of January 2025, we have automated 74.7% of customer inquiries. The AI-powered chatbot platform has enabled us to engage with customers more authentically and efficiently, and since January 2024, we improved overall customer service satisfaction by over 7%. We look forward to continuing this journey with AiChat and exploring the next phase of its AI-driven innovations.”

    A Fresh Identity for a Bold Future

    Alongside its AI Agents, AiChat is also unveiling a refreshed brand identity that reflects its mission to shape the future of AI-powered customer engagement solutions. At the heart of this rebrand is AiChat’s new logo shown below, which blends a brain-inspired design, representing AI’s creative capabilities, with a communication symbol, representing meaningful, human-like AI interactions. This fusion embodies AiChat’s vision of creating AI that goes beyond just assisting customers and businesses, offering instead a more personalized and tailored customer engagement solution to business and allowing them to foster meaningful relationships with customers.

    Kester Poh, Chief Executive Officer of AiChat, added, “The rebranding of AiChat marks a significant step in the evolution of conversational AI, embodying our vision to redefine customer engagement. At AiChat, we are pioneering next-generation AI agents that go beyond traditional text-based chatbots to also include voice interactions. This development will enable us to deliver comprehensive, omnichannel customer experiences by integrating personalization and voice capabilities. As we continue to drive AI innovation, we are exploring new ways to make interactions even more natural and human-like, bringing us closer to a future of truly humanized AI-powered customer engagement.”

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha aims to offer an affordable, streamlined experience for homebuyers. For more information, visit www.reAlpha.com.

    About AiChat Pte. Ltd.

    AiChat Pte. Ltd., a subsidiary of reAlpha, is a Singapore-based company that develops AI-powered conversational customer experience solutions. Its platform leverages artificial intelligence to provide businesses with intelligent chatbots and automation tools that improve customer interactions and operational efficiency. For more information about AiChat, visit www.aichat.com.

    Forward-Looking Statements

    The information in this press release includes “forward-looking statements”. Forward-looking statements include, among other things, statements about the announcement of AiChat’s AI Agents, Voice AI and Agentic AI; the anticipated benefits of AiChat’s AI Agents; reAlpha’s ability to anticipate the future needs of the short-term rental market; future trends in the real estate, technology and artificial intelligence industries, generally; and reAlpha’s future growth strategy and growth rate. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; reAlpha’s ability to commercialize its developing AI-based technologies; whether reAlpha’s technology and products, including that of its subsidiaries, will be accepted and adopted by its customers and intended users; reAlpha’s ability to integrate AiChat’s AI Agents into its existing business and the anticipated demand for AiChat’s AI Agents; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to obtain the necessary regulatory and legal approvals to expand into additional U.S. states and maintain, or obtain, brokerage licenses in such states; reAlpha’s ability to generate additional sales or revenue from having access to, or obtaining, additional U.S. states brokerage licenses; reAlpha’s ability to enhance its, and its subsidiaries’, loan processing efficiency by leveraging its AI-powered platform and overall resources; AiChat’s ability to improve customer satisfaction and overall operational efficiency of businesses through implementation of its services and products, including, but not limited to, its AI Agents; AiChat’s ability to maintain its brand reputation and recognition with its customers and intended customers after its re-branding; reAlpha’s ability to, through a business’ implementation of AiChat’s technologies, increase loyalty of customers users using AiChat’s technologies; AiChat’s ability to scale its technologies, including its AI Agents, for adopting businesses; reAlpha’s and AiChat’s ability to provide personalized, human-like customer service solutions through its services and offerings; the inability to maintain and strengthen reAlpha’s brand and reputation; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets; the potential loss of key employees of its acquired companies; reAlpha’s inability to accurately forecast demand for short-term rentals and AI-based real estate focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Investor Relations Contact:
    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    Media Contact:
    Fatema Bhabrawala, Director of Public Relations
    fbhabrawala@allianceadvisors.com

    ________________________
    1 https://www.researchnester.com/reports/autonomous-ai-and-autonomous-agents-market/5948

    An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35c2d708-67b7-41b1-9cd1-d965f880da3e

    The MIL Network –

  • MIL-OSI: Brookfield Announces Reset Dividend Rate on Its Series 38 Preference Shares

    Source: GlobeNewswire (MIL-OSI)

    All amounts in Canadian dollars unless otherwise stated.

    BROOKFIELD, NEWS, March 03, 2025 (GLOBE NEWSWIRE) — Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 38 (the “Series 38 Shares”) (TSX: BN.PF.E) for the five years commencing April 1, 2025 and ending March 31, 2030.

    If declared, the fixed quarterly dividends on the Series 38 Shares during the five years commencing April 1, 2025 will be paid at an annual rate of 5.185% ($0.3240625 per share per quarter).

    Holders of Series 38 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on March 17, 2025, to convert all or part of their Series 38 Shares, on a one-for-one basis, into Cumulative Class A Preference Shares, Series 39 (the “Series 39 Shares”), effective March 31, 2025. The quarterly floating rate dividends on the Series 39 Shares will be paid at an annual rate, calculated for each quarter, of 2.55% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the April 1, 2025 to June 30, 2025 dividend period for the Series 39 Shares will be 1.34331% (5.388% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.3358275 per share, payable on June 30, 2025.

    Holders of Series 38 Shares are not required to elect to convert all or any part of their Series 38 Shares into Series 39 Shares.

    As provided in the share conditions of the Series 38 Shares, (i) if Brookfield determines that there would be fewer than 1,000,000 Series 38 Shares outstanding after March 31, 2025, all remaining Series 38 Shares will be automatically converted into Series 39 Shares on a one-for-one basis effective March 31, 2025; and (ii) if Brookfield determines that there would be fewer than 1,000,000 Series 39 Shares outstanding after March 31, 2025, no Series 38 Shares will be permitted to be converted into Series 39 Shares. There are currently 7,906,132 Series 38 Shares outstanding.

    The Toronto Stock Exchange (“TSX”) has conditionally approved the listing of the Series 39 Shares effective upon conversion. Listing of the Series 39 Shares is subject to Brookfield fulfilling all the listing requirements of the TSX.

    About Brookfield Corporation

    Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Alternative Asset Management, Wealth Solutions, and our Operating Businesses which are in renewable power, infrastructure, business and industrial services, and real estate.

    We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).

    For more information, please visit our website at www.bn.brookfield.com or contact:

    Media: Investor Relations:
    Kerrie McHugh Katie Battaglia
    Tel: (212) 618-3469 Tel: (212) 776-2252
    Email: kerrie.mchugh@brookfield.com Email: katie.battaglia@brookfield.com

    The MIL Network –