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Category: GlobeNewswire

  • MIL-OSI: Haffner Energy successfully commissioned its hydrogen-from-biomass production unit in Marolles, France – a breakthrough for the hydrogen industry

    Source: GlobeNewswire (MIL-OSI)

    Vitry-le-François, France – February 26, 2025, 6:00 PM (CEST)

    • Commissioning of the world’s first plant producing hydrogen from solid biomass at the Marolles site (Champagne region, France).
    • Unique thermochemical process that significantly reduces green hydrogen costs.
    • “Super green”1 hydrogen available for commercial use beginning the second half of 2025.

    Haffner Energy (ISIN: FR0014007ND6 – Ticker: ALHAF) announces the commencement of hydrogen2 production utilizing its proprietary solid biomass thermolysis technology at its Marolles hydrogen production, testing, and training center, as was announced in the 12/17/2024 press release. This unique technology enables the production of renewable hydrogen at a substantially lower cost compared to conventional methods, while offering an unparalleled carbon footprint.

    “Achieving the continuous production of competitive green hydrogen is a decisive step. Currently, the industry faces significant delays due to the excessive cost of decarbonized hydrogen. We are confident that our solution will accelerate the adoption of renewable hydrogen and enhance the sector’s competitiveness. I want to congratulate the Haffner Energy team and our partners for this remarkable achievement, ushering the company into a new era,” stated Philippe Haffner, Co-founder and CEO of Haffner Energy.

    A Flexible and Economically Advantageous Production Model

    The site’s production capacity will be 15 kg of hydrogen per hour (kg/h), with an initial phase temporarily limited to 11 kg/h due to the existing PSA (Pressure Swing Adsorption) purification equipment. This equipment will be replaced in the coming months by a PSA designed to reach a 15 kg/h capacity. The unit already produces hydrogen at 8 bar pressure, ready for commercial distribution starting in the second half of 2025 to serve transportation and industrial markets.

    Anticipated since late 2024, this commissioning required the site to be connected to the medium-voltage electrical grid, which was completed earlier this year, followed by the on-site presence of commissioning engineers focused on the main equipment suppliers for hydrogen purification.

    The biomass thermolysis unit, operational since June 2024, exceeds the capacity required to produce 15 kg/h of hydrogen. The new PSA, already received by Haffner Energy, will be complemented by a compressor reaching 35 bar pressure, supplying an H14 distribution station provided by HRS.

    Marolles is designed to operate 8,000 hours per year. As part of this site’s operations, 120 metric tons of mobility-grade hydrogen per year (15 kg/hour) will be produced, contributing to the decarbonization of mobility and industry. This is equivalent to 12 million kilometers traveled with hydrogen vehicles. Approximately 2,400 metric tons of CO₂ per year will be avoided or captured through hydrogen and biocarbon (char or biochar) combined.

    A memorandum of understanding for the offtake has been signed for the supply of 90 tonnes of hydrogen per year, mainly for mobility applications, which is designed to ensure a commercial outlet within the next few months.

    Hydrogen Production from Residual Solid Biomass: A Game Changer

    The scaling up of Haffner Energy’s proprietary biomass thermolysis technology is poised to disrupt the global and French renewable hydrogen markets, facilitating accelerated commercial and industrial development. This technology offers several key advantages:

    • Economically Competitive Solution: Already capable of competing with gray hydrogen for installations of 20 MW and above – a feat far from achievable by alternative technologies.
    • Economic Model Based on Low-Cost Biomass Energy: Hydrogen from biomass thermolysis is significantly cheaper to produce than hydrogen from the electrolysis of water thanks to low primary energy costs (<30€/MWh and often even <20€/MWh, compared with >70€/MWh for decarbonized electricity) and optimal energy efficiency (generally >70%).
    • Independence from the Electrical Grid: Unlike electrolysis, thermolysis is minimally dependent on electricity availability and cost, ensuring stable and predictable production.
    • Negative Carbon Footprint: This technology sequesters biogenic carbon through biochar co-production, achieving a negative carbon footprint when considering the full LCA.3
    • Flexible Sourcing: This biomass-agnostic technology is able to utilize various residual biomasses, in particular from agriculture, ensuring greater autonomy and resilience against feedstock market fluctuations while significantly expanding available resources.

    Towards Commercial and Industrial Expansion

    The commissioning of the Marolles unit marks a strategic milestone for Haffner Energy. This success accelerates commercial discussions with several partners interested in this disruptive technology and, as announced in previous communications, will enable the Company’s project pipeline to be converted into firm orders, thereby generating revenue. In particular, the effective commissioning of the site is a catalyst for finalizing the signing of two major contracts.

    The continuous operation of hydrogen and renewable gas production equipment on site will also enable Haffner Energy’s team to conduct tests using specific biomasses for each potential client, including non-conventional biomasses such as organic sludge, manure, and algae, thereby confirming the compatibility of Haffner Energy’s technology.

    Furthermore, Haffner Energy is now positioned to leverage a previously untapped technological solution that converts hydrogen into electricity at an extremely competitive cost, highly valuable during peak consumption periods.

    Despite a global context that remains unfavorable to the development of the hydrogen market, particularly in Europe and in France—where the national hydrogen strategy has yet to be announced—Haffner Energy’s position in this high-potential market is now strengthened.

    Additional resources

    Next events 

    • Annual results 2024-2025                         June 18, 2025
    • Annual Shareholders Meeting                  September 10, 2025

    About Haffner Energy

    Haffner Energy is a French company providing solutions for competitive clean fuels production. With a 32- year experience converting biomass into renewable energies, it has developed innovative proprietary biomass thermolysis and gasification technologies to produce renewable gas, hydrogen and methanol, as well as Sustainable Aviation Fuel (SAF). The company also contributes to regenerating the planet through the co-production of biogenic CO2 and biocarbon (or char/biochar). Haffner Energy is listed on Euronext Growth (ISIN code : FR0014007ND6 – Ticker : ALHAF).

    Investor Relations

    investisseurs@haffner-energy.com

    Media Relations

    Laure BOURDON
    laure.bourdon@haffner-energy.com
    +33 (0) 7 87 96 35 15

    Glossary:

    * Biocarbon is a carbon-rich solid material. Biocarbon contains biogenic carbon absorbed from the atmosphere by plants via photosynthesis. This characteristic makes it a major carbon sink when used as a soil amendment, either applied directly or incorporated into fertilizers (known as biochar), or incorporated into building materials (known as char). Biocarbon is also a very dense source of renewable energy (31 MJ/kg) that can be gasified on site to increase the production of biofuels such as bio-SAF or the production of renewable hydrogen, but can also be shipped and gasified at another site, notably for the production of e-fuels.

    1 In accordance with the order of July 1, 2024 specifying the greenhouse gas emission threshold and the methodology for qualifying hydrogen as renewable or low-carbon.

    2 Samples were taken today by an independent laboratory to validate the mobility quality of this hydrogen.

    3 In accordance with the life cycle assessment study carried out by the LCA consultancy EVEA at the end of 2021.

    Attachment

    The MIL Network –

  • MIL-OSI: ThoughtSpot Appoints Brad Roberts as Chief Financial Officer to Drive Growth and Scalability in the AI Era

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN VIEW, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) — ThoughtSpot, the AI-native Intelligence Platform, has announced the appointment of Brad Roberts as Chief Financial Officer (CFO). This strategic appointment to the leadership team underscores ThoughtSpot’s commitment to building a trusted AI company that drives industry innovation in the era of AI and agentic analytics.

    Roberts, a seasoned executive finance leader, brings over thirty years of experience in the technology industry, having served as a CFO and interim CFO for high growth technology companies including Addepar and Panorama Education, among others. He also spent nearly a decade at Synopsys, supporting and managing growth from $400M to $1.3B in his tenure and another decade in the technology practice of strategy consulting firm, Bain & Company.

    “Brad exemplifies the financial leadership that is crucial as we accelerate our growth and solidify our position as a leader in AI-powered analytics intelligence,” said Ketan Karkhanis, Chief Executive Officer at ThoughtSpot. “His experience is not only valuable, it becomes an asset to our roadmap at ThoughtSpot as we take advantage of the AI opportunity in front of us and build ThoughtSpot 3.0, powering the autonomous enterprise and leveraging agentic AI for all.”

    As AI redefines business intelligence, trust becomes a key catalyst for future buying decisions. Roberts’ leadership, in collaboration with the executive team, will be instrumental in empowering customers to confidently leverage ThoughtSpot’s intelligence platform and positions ThoughtSpot to take advantage of the moment and continue their leadership position in AI-driven intelligence.

    “ThoughtSpot is uniquely positioned to drive transformational change across customers using agentic AI for management insights and process efficiencies.The opportunity ahead enables us to evolve from a high-growth company into an industry-defining leader,” said Brad Roberts, Chief Financial Officer at ThoughtSpot. “Ketan and the leadership team have set a bold and urgent vision, providing a clear path forward for my role. Finance will be a strategic enabler, fueling innovation, expanding our product portfolio, and powering the next phase of ThoughtSpot’s evolution.”

    Roberts joins ThoughtSpot after posting significant fiscal growth in Fiscal Year 2024, closing with 40% year-over-year SaaS growth and more than doubling its monthly active users. ThoughtSpot also unveiled a significant expansion to the company’s artificial intelligence capabilities with the launch of Spotter, an agentic AI analyst, followed by the launch of Analyst Studio, a creator space that empowers data teams to get data ready for AI and analytics.

    In the last year, ThoughtSpot has appointed several leaders, including Ketan Karkhanis as Chief Executive Officer, Ahmed Quadri as Chief Customer Officer, Anthony Lee-Masis as Chief Information Security Officer, and Francois Lopitaux as SVP and General Manager of Emerging Technologies and Products.

    Roberts holds an MBA from Harvard Business School as well as bachelor’s degrees from the University of Pennsylvania Wharton Business School and the School of Engineering and Applied Science.

    About ThoughtSpot
    ThoughtSpot is the AI-native Intelligence Platform for every enterprise. Our mission is to create a more fact-driven world by empowering everyone to explore any data, ask any question, and uncover actionable insights faster—leading to growth, better business outcomes, and efficiency in their organizations. With ThoughtSpot’s intuitive natural language search, every user can confidently generate answers from their business data at every point of decisioning. The platform’s unified capabilities, along with our agentic AI analyst, Spotter, enable users to create precise, transparent, personalized, and actionable insights with enterprise grade trust, security, and scale. Accessible via the web and mobile app, ThoughtSpot ensures intelligent decision-making happens seamlessly, wherever and whenever needed. For developers, ThoughtSpot Embedded offers a low-code solution to integrate AI-powered analytics directly into products and services, driving data monetization and boosting user engagement for customers. Industry leaders like NVIDIA, Hilton Worldwide, Capital One and Huel rely on ThoughtSpot to transform how their employees and customers take advantage of data to create better business outcomes. Try ThoughtSpot today and experience the new era of analytics.

    PR Contact:
    Lindsay Noonan
    Director of Communications, ThoughtSpot
    press@thoughtspot.com 

    The MIL Network –

  • MIL-OSI: Johanna Bartee Appointed to Boards of First Fed and First Northwest Bancorp

    Source: GlobeNewswire (MIL-OSI)

    PORT ANGELES, Wash., Feb. 26, 2025 (GLOBE NEWSWIRE) — First Northwest Bancorp (NASDAQ: FNWB) and its subsidiary First Fed Bank are pleased to announce the appointment of Johanna Bartee to the Board of Directors for both companies.

    Ms. Bartee brings extensive experience in banking, finance, and economic development, along with a strong commitment to community-driven initiatives across the North Olympic Peninsula.

    “We are thrilled to welcome Johanna to our Board of Directors,” said Matt Deines, President and CEO of First Fed Bank and FNWB. “Her expertise in finance and community development will be invaluable as we continue to serve our customers and communities.”

    Ms. Bartee is the Executive Director of JST Capital, a Native Community Development Financial Institution (CDFI) in Sequim, WA, dedicated to supporting underserved communities. Before founding JST Capital in 2018, she built a successful career in finance, working in institutional banking, investment banking, and business development roles at leading financial firms in New York and Southern California. Prior to completing an MBA at Columbia Business School, she managed large-scale communications and IT security projects as an Account Manager for a Department of Defense contractor in Honolulu, Hawaii.

    Beyond her professional achievements, Ms. Bartee is actively involved in community development. She serves as a Board Director for the Clallam County Opportunity Fund and is a member of the Port Angeles Waterfront District Board, advocating for economic growth and revitalization initiatives.

    Ms. Bartee’s appointment reflects First Fed’s commitment to strengthening its leadership with professionals dedicated to fostering economic and social impact.

    About FNWB

    First Northwest Bancorp (Nasdaq: FNWB) is a financial holding company engaged in investment activities including the business of its subsidiary, First Fed Bank. First Fed is a Pacific Northwest-based financial institution which has served its customers and communities since 1923. Currently First Fed has 18 locations in Washington state including 12 full-service branches. First Fed’s business and operating strategy is focused on building sustainable earnings by delivering a full array of financial products and services for individuals, small businesses, non-profit organizations and commercial customers. In 2022, First Northwest made an investment in The Meriwether Group, LLC, a boutique investment banking and accelerator firm. Additionally, First Northwest focuses on strategic partnerships to provide modern financial services such as digital payments and marketplace lending. First Northwest Bancorp was incorporated in 2012 and completed its initial public offering in 2015 under the ticker symbol FNWB. First Fed is headquartered in Port Angeles, Washington.

    First Fed Bank was recognized by Puget Sound Business Journal as a Best Workplace in 2023 and top Corporate Philanthropist in 2023 and 2024. By popular vote, First Fed received 2024 awards for Best Bank and Best Lender in Best of the Peninsula for Clallam County. First Fed is a Member FDIC and equal housing lender.

    Contact: Matthew P. Deines
    President & CEO
    (360) 457-0461

    The MIL Network –

  • MIL-OSI: Defiance ETFs’ QTUM, Quantum Computing ETF, Earns 5-Star Morningstar Rating and Surpasses $1 Billion in AUM

    Source: GlobeNewswire (MIL-OSI)

    MIAMI , Feb. 26, 2025 (GLOBE NEWSWIRE) — Defiance ETFs, a pioneer in thematic investing, is proud to announce that its QTUM – Defiance Quantum Computing ETF has achieved two significant milestones: a prestigious 5-star Overall Morningstar Rating™ and assets under management (AUM) exceeding $1 billion. These accomplishments underscore QTUM’s position as a leader in providing investors with targeted exposure to the rapidly evolving quantum computing sector. The 5-star Morningstar Rating, based on risk-adjusted returns as of January 31, 2025, places QTUM among the top-performing funds in its technology category, evaluated against 262 peers over a three-year period.

    Launched in September 2018, QTUM tracks the BlueStar Quantum Computing and Machine Learning Index, offering access to a diversified portfolio of global companies at the forefront of quantum innovation. With holdings including industry trailblazers like D-Wave Quantum (NYSE: QBTS), IonQ (NYSE: IONQ), and Rigetti Computing (NASDAQ: RGTI), QTUM has capitalized on the surging demand for computational power driving the AI age.

    “We’re thrilled to see QTUM earn a 5-star Morningstar Rating and break the $1 billion AUM barrier,” said Sylvia Jablonski, CEO of Defiance ETFs. “This dual achievement is a testament to the vision we had when we launched QTUM—to give investors a front-row seat to one of the most disruptive technological shifts of our time. Quantum computing isn’t just the future; it’s the now”

    The quantum computing market is projected to grow exponentially, with estimates suggesting a valuation of $90 billion to $170 billion by 20401, driven by its ability to solve complex problems beyond the reach of classical computing. QTUM’s success reflects this momentum, offering a compelling option for investors seeking to tap into this high-growth sector without the risks of single-stock exposure.

    For more information on QTUM, including current holdings and performance data, visit www.defianceetfs.com/qtum.

    About Defiance ETFs
    Founded in 2018, Defiance ETFs is a leading issuer of thematic, leveraged, and income-focused exchange-traded funds.

    1. Source: bcg.com The Long-Term Forecast for Quantum Computing Still Looks Bright, July 18, 2024.

    Past performance does not guarantee future results. Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.

    The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contains this and other important information about the investment company. Please read it carefully before investing. A hard copy of the prospectus can be requested by calling 833.333.9383.

    Morningstar Disclaimer: The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products with at least a three-year history. The top 10% of products in each category receive 5 stars. The Overall Morningstar Rating is derived from a weighted average of performance figures associated with its three-, five-, and 10- year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. ©2025 Morningstar, Inc. All Rights Reserved.

    Investing involves risk. Principal loss is possible. The Funds are not actively managed and would not sell a security due to current or projected under performance unless that security is removed from the Index or is required upon a reconstitution of the Index. A portfolio concentrated in a single industry or country may be subject to a higher degree of risk. The value of stocks of information technology companies are particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition.

    The Fund is considered to be non-diversified, so it may invest more of its assets in the securities of a single issuer or a smaller number of issuers. Investments in foreign securities involve certain risks including risk of loss due to foreign currency fluctuations or to political or economic instability. This risk is magnified in emerging markets. Small and mid-cap companies are subject to greater and more unpredictable price changes than securities of large-cap companies.

    The possible applications of quantum computing are only in the exploration stages, and the possibility of returns is uncertain and may not be realized in the near future.

    The “BlueStar Quantum Computing and Machine Learning Index™”, “BQTUM™ Index” (collectively “Quantum Computing and Machine Learning Index”), is the exclusive property and a trademark of BlueStar Global Investors LLC d/b/a BlueStar Indexes® and has been licensed for use for certain purposes by Defiance ETFs LLC. Products based on the Quantum Computing and Machine Learning Index are not sponsored, endorsed, sold or promoted by BlueStar Global Investors, LLC or BlueStar Indexes®, and BlueStar Global Investors, LLC and BlueStar Indexes® makes no representation regarding the advisability of trading in such product(s). It is not possible to invest directly in an index.

    QTUM is distributed by Foreside Fund Services, LLC.

    Contact Information

    David Hanono
    info@defianceetfs.com
    833-333-9383

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d994faf-766a-4a4d-8949-39f33c321b95

    The MIL Network –

  • MIL-OSI: Bank of Åland Plc: Notice to convene the Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    Bank of Åland Plc
    Notice to convene general meeting
    February 26, 2025, 17.15 EET.

    Notice to convene the Annual General Meeting

    Notice is hereby given to the shareholders of the Bank of Åland Plc (Ålandsbanken Abp) of the Annual General Meeting (AGM) to be held at 3.00 p.m. Finnish time (15.00 EET) on Tuesday, March 25, 2025 at the Alandica Kultur & Kongress auditorium, Strandgatan 33, Mariehamn, Åland, Finland.

    The reception of persons who have registered to participate in the Meeting and the distribution of voting tickets will commence at 2.00 p.m. on the above date.

    A. Matters on the agenda of the Annual General Meeting

    The following matters will be dealt with at the Meeting:

    1. Opening of the Meeting

    2. Calling the Meeting to order
    3. Election of persons to check the minutes and to supervise the counting of votes

    4. Verification of the legality of the Meeting

    5. Verification of attendance at the Meeting and adoption of the voting list

    6. Presentation of the financial statements, the Report of the Directors and the Auditors’ Report for 2024

    Managing Director’s review.

    7. Adoption of the financial statements

    8. Decision on allocation of the profit shown in the balance sheet and dividend distribution

    The Board of Directors proposes that a dividend of EUR 2.40 per share plus an extra dividend of EUR 0.35 per share shall be paid for the financial year January 1 – December 31, 2024, that the record date for dividend payment shall be Thursday, March 27, 2025 and that the payment date shall be Thursday, April 3, 2025.

    9. Decision on granting discharge from liability to the members of the Board of Directors and the Managing Director for the financial year January 1 – December 31, 2024

    10. Presentation and adoption of the compensation report

    11. Decision on the number of members on the Board of Directors

    It is proposed that the number of Board members shall be set at seven.

    12. Decision on fees for the members of the Board

    The Board of Directors proposes an unchanged annual fee for its Chairman (EUR 37,000), the Deputy Chairman (EUR 31,500) and each other Board member (EUR 29,000). The Board also proposes an unchanged fee per meeting attended for the Chairman (EUR 1,000) and for each other Board member (EUR 750).

    It shall be noted that the fee per meeting for Board members’ attendance at meetings of the committees appointed by the Board is EUR 750 per Board member and EUR 1,000 for the committee Chairman. In addition, it shall be noted that compensation for travel and accommodation expenses as well as daily subsistence allowances are paid in compliance with the instructions of tax authorities and the Bank’s travel guidelines.

    13. Election of Board members

    The Nomination Committee proposes the re-election of Board members Anders Å Karlsson, Nils Lampi, Mirel Leino-Haltia, Malin Lombardi, Christoffer Taxell, Ulrika Valassi and Anders Wiklöf for a term of office that will run until the closing of the next AGM.

    14. Decision on the auditors’ fees

    In accordance with the recommendation of the Audit Committee, the Board of Directors proposes that the auditors’ fees be paid as invoiced.

    15. Decision on the number of auditors

    The Board of Directors proposes that the number of auditors shall be unchanged, that is, one auditor.

    16. Election of auditors

    In accordance with the recommendation of the Audit Committee, the Board of Directors proposes the re-election of the authorised accounting firm of KPMG Oy Ab, with Henry Maarala (KHT) as auditor in charge, for a term of office that will run until the closing of the next AGM.

    17. Decision on the sustainability auditors’ fees

    In accordance with the recommendation of the Audit Committee, the Board of Directors proposes that the sustainability auditors’ fees be paid as invoiced.

    18. Election of sustainability auditors

    In accordance with the recommendation of the Audit Committee, the Board of Directors proposes the election of the authorised accounting firm of KPMG Oy Ab, with Henry Maarala (KHT) as auditor in charge, for a term of office that will run until the closing of the next AGM. KPMG Oy Ab has informed the Bank that certified sustainability auditor Henry Maarala will be the sustainability auditor in charge.

    19. Closing of the Meeting

    B. General Meeting documents

    The above-mentioned proposals by the Board of Directors, this notice convening the Annual General Meeting (AGM) and other documents that shall be available as provided by the Finnish Companies Act are found on the website of the Bank of Åland Plc, www.alandsbanken.fi in Swedish.

    The Board’s proposals and the accounting documents will also be available at the Company’s Head Office and at the AGM. Copies of these documents and of this notice convening the AGM will be sent to shareholders upon request.

    C. Instruction for participants in the Annual General Meeting

    1. Shareholders listed in the Company’s shareholder register

    Shareholders who were listed on March 13, 2025 (the record date for the AGM) in the Company’s shareholder register, which is maintained by Euroclear Finland Ab, are entitled to participate in the Meeting. A shareholder whose shares are registered in his or her Finnish personal book-entry securities account is listed in the Company’s shareholder register.

    Shareholders wishing to participate in the AGM must register no later than 12 noon on Thursday, March 20, 2025.

    They may register for the AGM:

    a) via the internet at the address www.alandsbanken.fi/bolagsstamma

    b) by telephone at +358 18 29 011;

    c) by letter addressed to Bank of Åland Plc, PB 3, AX-22101 Mariehamn, Åland, Finland.

    When registering, please state the shareholder’s name, personal identity code or business ID number and the name of any assistant or authorised representative and the representative’s personal identity code. These personal data will be used only for purposes attributable to the AGM and for processing of registrations related to this.

    If needed, the shareholder and his/her authorised representative must be able to prove their identity and/or authorisation at the Meeting venue.

    2. Holders of nominee-registered shares

    A holder of nominee-registered shares is entitled to participate in the AGM on the basis of the shares he or she would be entitled to be listed on March 13, 2025 (the record date for the AGM) in the Shareholder Register maintained by Euroclear Finland Ab. Participation also requires that on the basis of these shares, no later than 10.00 a.m. on March 20, 2025 the shareholder has been listed in the temporary shareholder register maintained by Euroclear Finland Ab. In the case of nominee-registered shares, this shall be counted as registration for the AGM. Changes in the shareholding after the record date for the AGM shall not affect the right to participate in the AGM or the shareholder’s number of votes.

    Registration shall be carried out by the asset manager’s account administrator no later than the above-mentioned deadline. A holder of nominee-registered shares is urged to request instructions well in advance from his or her asset manager regarding entry into the temporary shareholder register, issuance of powers of attorney and registration for the AGM. The asset manager’s account managing institution shall register the holder of nominee-registered shares who wishes to participate in the AGM in the Company’s temporary shareholder register no later than the above-mentioned deadline.

    3. Authorised representatives and powers of attorney

    Shareholders may participate in the AGM and exercise their rights at the Meeting through authorised representatives. A shareholder’s authorised representative must show a dated power of attorney or otherwise prove in a reliable manner that he or she is authorised to represent the shareholder.

    If a shareholder is represented at the Meeting by more than one authorised representatives, who represent a shareholder with shares in different book-entry securities accounts, at the time of registration the shareholder must state on the basis of which shares each authorised representative is representing the shareholder.

    Any original powers of attorney should be sent to the Bank of Åland Plc, PB 3, AX-22101 Mariehamn, Åland, Finland and be in the possession of the Company before the expiration of the registration period. Please label the envelope “Annual General Meeting” or “AGM”. Alternatively, a copy of the power of attorney may be sent by e-mail to bolagsstamma@alandsbanken.fi, in which case the original power of attorney shall be shown at the AGM.

    4. Other instructions and information

    Shareholders who attend the Meeting are entitled to ask questions concerning matters being dealt with at the Meeting, pursuant to Chapter 5, Section 25 of the Finnish Companies Act.

    On the date of this Notice convening the Annual General Meeting, the number of shares in the Bank of Åland Plc totals 6,476,138 Series A shares, which represent 129,522,760 votes, and 8,890,781 Series B shares, which represent 8,890,781 votes, or 15,366,919 shares and 138,413,541 votes in all. Each Series A share has 20 votes at the Meeting and each Series B share has one vote, but subject to the limitation on voting rights stipulated in the Articles of Association, Section 7.

    Mariehamn, February 25, 2025

    Board of Directors

    The MIL Network –

  • MIL-OSI: Virtru Listed in AWS “ICMP” for the US Federal Government

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, Feb. 26, 2025 (GLOBE NEWSWIRE) — Virtru, a leader in data-centric security, today announced that the Virtru Data Security Platform is now listed in the AWS Marketplace for the U.S. Intelligence Community (ICMP). ICMP is a curated digital catalog from Amazon Web Services (AWS) that makes it easy to discover, purchase, and deploy software packages and applications from vendors that specialize in supporting government customers.

    At the core of the Virtru Data Security Platform is Trusted Data Format (TDF), an open standard that allows granular access control and persistent data protection. TDF serves as the foundation for both the Intelligence Community Trusted Data Format (IC-TDF) and the NATO-adopted Zero Trust Data Format (ZTDF), ensuring that government agencies can protect and share sensitive information securely across an ecosystem of coalition partners while maintaining complete control over their data.

    “TDF is rapidly becoming the global standard for secure data sharing in Zero Trust environments,” said John Ackerly, CEO and Co-Founder of Virtru. “By making the Virtru Data Security Platform available in ICMP, we are allowing U.S. government customers to leverage a proven, open-standard approach to data security while ensuring data sovereignty and interoperability.”

    The Virtru Data Security Platform allows federal agencies, intelligence organizations, and defense partners to enforce zero trust principles by embedding encryption, granular access controls, and policy enforcement directly into their data—wherever it travels. Unlike perimeter-based security models, Virtru ensures that data remains protected at the object level, allowing for simple and secure collaboration across agencies, allies, and mission-critical environments.

    Key Benefits of the Virtru Data Security Platform in ICMP:

    • Powered by Open Standards: Built on TDF, IC-TDF, and ZTDF, ensuring interoperability.
    • Persistent Data Protection: Encrypts and enforces policies at the data object level, preventing unauthorized access.
    • Flexible Deployment: Can be deployed on-premises, in a Virtual Private Cloud (VPC), or hybrid environments to meet mission requirements.
    • Enhanced Mission Partner Collaboration: Enables secure, controlled data sharing across intelligence and defense community

    Availability

    The Virtru Data Security Platform is now available in AWS ICMP, making it easier than ever for U.S. government customers to acquire and deploy zero trust, data-centric security that aligns with established data handling policies.

    About Virtru

    Virtru empowers organizations to unlock the power of data while maintaining control wherever it’s stored and shared. Trusted by over 6,000 global customers, Virtru provides simple, powerful solutions for Zero Trust data-centric security, underpinned by the Trusted Data Format (TDF). Learn more at Virtru.com.

    Press Contact
    Nick Michael
    nick.michael@virtru.com

    The MIL Network –

  • MIL-OSI: BlueCat appoints Peter Brennan as Chief Revenue Officer

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) — BlueCat Networks, a leading provider of Intelligent Network Operations solutions that help organizations modernize, optimize, and secure their network infrastructure, announced Peter Brennan as its new Chief Revenue Officer (CRO).

    Brennan, who joined the company in January, is responsible for driving revenue growth and providing leadership for field teams, including sales, technical, channel, and alliances. Previously, he was the CEO for Scality, Inc., a leader in software-defined storage and data management, and the worldwide CRO for Scality, Grp.

    “BlueCat delivers important network infrastructure solutions to some of the biggest companies in the world,” said Brennan. “Our recent acquisition of LiveAction enhanced BlueCat’s industry-recognized offerings with industry leading network intelligence capabilities and I’m excited to show our prospects and customers how our technology can help them achieve their biggest goals.”

    Earlier in his career, Brennan achieved record growth over two decades in executive roles at Hewlett Packard Enterprise and VMware. “His decades of experience with infrastructure software companies, sales execution, and ability to transform go to market organizations is aligned with our mission to greatly accelerate growth and expand our reach,” said BlueCat CEO Stephen Devito. “We deliver products and services that help our customers spend less time managing the network and more time helping their businesses grow, and Peter is key to amplifying that story.”

    In October, BlueCat announced it was acquiring LiveAction, Inc., a global provider of network observability and intelligence solutions. Adding LiveAction’s industry-leading network performance monitoring, packet capture, and forensics offerings has strengthened BlueCat’s mission-critical DNS, DHCP, and IP address management (together known as DDI) and network infrastructure management solutions. Audax Private Equity is a strategic growth investor in BlueCat Networks.

    About BlueCat

    BlueCat’s Intelligent Network Operations (NetOps) provide the analytics and intelligence needed to enable, optimize, and secure the network to achieve business goals. With an Intelligent NetOps suite, organizations can more easily change and modernize the network as business requirements demand. BlueCat’s growing portfolio includes unified core network services, security and compliance, network observability and intelligence. These solutions can be deployed in hybrid or multicloud environments, in the data center, at remote or branch locations, and via SD-WAN. BlueCat’s DDI management platform was recognized as a market leader and outperformer in GigaOm’s 2024 Radar report. The company is headquartered in Toronto and New York and has additional offices in the United States, France, Germany, Iceland, Japan, Singapore, Serbia, and the United Kingdom. Learn more at bluecat.com.

    About Audax Private Equity

    Based in Boston and San Francisco, Audax Private Equity is a leading capital partner for middle and lower middle market companies that seeks to facilitate transformational growth. With approximately $19 billion of assets under management, over 250 employees, and 100-plus investment professionals, the firm has invested in more than 170 platforms and 1,250 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, across six core industry verticals, Audax helps portfolio companies execute organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value. For more information, visit audaxprivateequity.com or follow us on LinkedIn.

    The MIL Network –

  • MIL-OSI: NBC Securities Promotes Sam Ransom to Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    BIRMINGHAM, Ala., Feb. 26, 2025 (GLOBE NEWSWIRE) — NBC Securities, a leading independent full-service broker-dealer and registered investment advisor headquartered in Alabama, is pleased to announce the promotion of Sam Ransom to Chief Financial Officer (CFO). Since joining NBC in 2021 as Director of Finance, Mr. Ransom has played a critical role in overseeing financial operations and driving strategic financial initiatives that have strengthened the firm’s long-term growth.

    In his new role, Mr. Ransom will oversee all financial functions, ensuring NBC Securities remains positioned for continued national expansion and operational excellence. His leadership will be instrumental in advancing the company’s financial strategy, budgeting, and reporting while maintaining the Southeastern roots of the BD/RIA, as well as its commitment to providing advisors with industry-leading support and resources.

    “Sam has been a driving force behind NBC Securities’ financial strategy, bringing expertise and forward-thinking leadership to our firm,” said Peyton Falkenburg, NBC Securities Executive Vice President. “His broad understanding of financial operations and commitment to NBC’s growth make him an invaluable part of our leadership team. His contributions in this new role will advance our mission to help the legacies of those we serve reach their full potential.”

    With a Bachelor of Arts in Mathematics from the University of Richmond, Mr. Ransom brings a proven track record of close to 15 years across various financial sectors, specializing in accounting, budgeting, financial reporting, and operational efficiency. His expertise has been pivotal in developing and implementing financial policies that support NBC’s mission to provide customized investment solutions and comprehensive advisor support.

    “I am honored to step into the role of CFO at NBC Securities and proud to be part of a team that is so deeply committed to supporting our advisors and clients,” said Sam Ransom. “NBC’s advisor-first approach and dedication to growth—while fostering a culture of caring and support—create an environment focused on delivering exceptional service, and I look forward to further strengthening our financial strategy to drive continued success.”

    About NBC Securities
    NBC Securities is a privately held, full-service broker-dealer and registered investment advisor catering to individuals and companies across the United States. They provide private wealth services and asset management strategies from financial professionals who average over 25 years of industry experience, in addition to technology-driven custodial solutions that streamline and optimize operations for advisors nationwide.

    They are independent and employee-owned, committed to building lasting relationships and legacies. The firm achieves this through the combined power of its network of advisors, sophisticated suite of business services, and in-house portfolio products and research that spans equities, fixed income, mutual funds, SMAs, annuities, and life insurance.

    NBC Securities manages or advises approximately $5 billion in assets with an operating footprint that spans the US with corporate headquarters located in Birmingham, Alabama, and 28 branch offices, including Alabama, Florida, Iowa, Maryland, Minnesota, and Ohio.

    For more information, visit www.nbcsecurities.com.

    Contact: press@mbcstrategic.com

    The MIL Network –

  • MIL-OSI: MissionSquare Retirement Expands Sales Team with Key Appointments to Strengthen DCIO Platform

    Source: GlobeNewswire (MIL-OSI)

    Washington, D.C., Feb. 26, 2025 (GLOBE NEWSWIRE) — MissionSquare Retirement is pleased to announce the appointment of Brian Bouchard as its new Defined Contribution Investment Only (DCIO) Platform Director, alongside Niles Monica, who joined earlier this year as Institutional Client Advisor. Both will work together to enhance the organization’s investment offerings and accelerate its growth in the DCIO market.

    Bouchard is a highly accomplished leader in retirement plan sales and DCIO, with a proven track-record of driving revenue growth and building high-performing programs. His extensive experience in sales leadership, business development, and relationship management positions MissionSquare to expand its investment strategies and strengthen its presence in both public and private retirement markets.

    Niles Monica brings over 20 years of experience in sales and sales management, specializing in distribution of asset management and technology solutions to large institutions, consultants, advisors, and defined contribution providers. His expertise in fintech and asset management will be instrumental in connecting emerging businesses in the industry to the audiences that can meaningfully grow their revenue with a scalable distribution strategy.

    “This appointment underscores MissionSquare’s strategic commitment to the DCIO market, reflecting our focus on providing innovative and effective investment solutions that help retirement plan participants and sponsors achieve their financial goals,” said Andre Robinson, CEO and President of MissionSquare Retirement. “With the combined leadership of Brian and Niles, we are confident that their expertise and vision will help position MissionSquare as a premier provider of investment solutions for defined contribution plans.”

    Bouchard joins MissionSquare from the TransamericaSM DCIO team, where he served as Vice President of Institutional Retirement. During his industry tenure, Bouchard achieved multiple top sales awards and successfully expanded distribution within the retirement consulting marketplace. His previous leadership roles at Morgan Stanley and as Head of Investment Only at USAA® further demonstrate his ability to build relationships, execute strategic initiatives, and grow market share.

    Monica, currently serving as Institutional Client Advisor at MissionSquare Retirement, has held senior level roles at multiple fintech firms and spent over a decade with JP Morgan Asset Management’s Defined Contribution business. Leveraging his extensive experience in fintech and asset management, Monica develops and implements scalable distribution strategies that drive innovation and growth. His expertise in connecting emerging businesses with key market players supports MissionSquare’s strategic vision of expanding its footprint in the DCIO space and delivering cutting-edge investment solutions that create substantial value for clients and partners.

    Bouchard holds a Graduate Certificate in Administration and Management from Harvard University Extension School and a Bachelor of Arts from The Catholic University of America. He is also a registered representative.  Monica holds a Bachelor of Science in Finance from Villanova University.

    For more information about MissionSquare Retirement’s investment solutions, visit MissionSquare Retirement .

    About MissionSquare Retirement
    Since our founding in 1972, MissionSquare Retirement has been dedicated to simplifying the path to retirement security for public service employees. As a mission-based financial services company, we manage and administer over $72.0 billion in assets.* Our commitment to delivering results-oriented retirement plans, education, investments, and financial education sets us apart. Explore how we enable public service workers to build a secure financial future. For more information, visit www.missionsq.org or follow the company on Facebook, LinkedIn, and X.

    *As of December 31, 2024. Includes 457(b), 401(k), 403(b), Retirement Health Savings (RHS) plans, Employer Investment Program (EIP) plans, affiliated IRAs, and investment-only assets.

    The MIL Network –

  • MIL-OSI: TopLine Financial Credit Union Members and Employees Provide Warmth to Those in Need This Winter

    Source: GlobeNewswire (MIL-OSI)

    MAPLE GROVE, Minn., Feb. 26, 2025 (GLOBE NEWSWIRE) — TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, held their fourth annual Winter Gear Drive during the month of January benefitting local non-profits, Avenues for Youth, Karen Organization of Minnesota, MORE Community Services and YMCA of the North Youth and Family Services. TopLine members and employees generously donated winter gear items of youth and adult size jackets, boots, gloves, hats, scarves, socks and more to help bring warmth to those in need in our local communities.

    Employees were able to participate by donating winter gear items and money in exchange for a “Foundation Friday/Saturday” sticker, allowing them to wear jeans to work. TopLine and community members could also purchase items from an Amazon Wishlist or Target Registry and have them delivered directly to TopLine, and in return delivered to the charitable partners. When the program ended TopLine employees and members had donated over 493 winter gear items and $1,191 in cash to assist local individuals and families.

    “We are dedicated to meeting the needs identified by our nonprofit partners through various donation drives,” said Mick Olson, President and CEO of TopLine. “We are grateful for the generosity of our donors who have supported youth, adults, and families in our communities by donating coats, hats, mittens, scarves, and other warm winter items. We deeply appreciate our nonprofit partners who handle the distribution of all collected items.”

    Avenues for Youth provides emergency shelter, short-term housing and supportive services for homeless youth in a safe and nurturing environment. There are over 6,000 homeless youth in Minnesota each night. Avenues shelters in Brooklyn Park and Minneapolis help over 300 youth. Visit www.avenuesforyouth.org.

    Karen Organization of Minnesota provides refugees with resources and programs to remove barriers and achieve economic, social and cultural well-being. Visit https://mnkaren.org.

    MORE Community Services provides refugees and immigrants with education and support, helping them achieve economic and social independence today and for generations to come. Visit more-empowerment.org.

    The YMCA of the North Youth and Family Services is a leading nonprofit dedicated to strengthening communities through youth development, healthy living and social responsibility.
    To learn more about the Y’s mission and work, visit https://www.ymcanorth.org/impact.

    TopLine Financial Credit Union, a Twin Cities-based credit union, is Minnesota’s 9th largest credit union, with assets of over $1.1 billion and serves over 70,000 members. Established in 1935, the not-for-profit financial cooperative offers a complete line of financial services from its ten branch locations — in Bloomington, Brooklyn Park, Champlin, Circle Pines, Coon Rapids, Forest Lake, Maple Grove, Plymouth, St. Francis and in St. Paul’s Como Park — as well as by phone and online at www.TopLinecu.com or www.ahcu.coop. Membership is available to anyone who lives, works, worships, attends school or volunteers in Anoka, Benton, Carver, Chisago, Dakota, Hennepin, Isanti, Kanabec, Mille Lacs, Pine, Ramsey, Scott, Sherburne, Washington and Wright counties in Minnesota and their immediate family members, as well as employees and retirees of Anoka Hennepin School District #11, Anoka Technical College, Federal Premium Ammunition, Hoffman Enclosures, Inc., GRACO, Inc., and their subsidiaries. Visit us on our Facebook or Instagram. To learn more about the credit union’s foundation, visit www.TopLinecu.com/Foundation.

    CONTACT:
    Vicki Roscoe Erickson
    Senior Vice President and Chief Marketing Officer
    TopLine Financial Credit Union
    verickson@toplinecu.com | 763.391.0872

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/569e6412-d235-42f2-b3a7-82b07a9a58f4

    The MIL Network –

  • MIL-OSI: Partners Value Split Corp. Announces $125,000,000 Public Offering of Class AA Preferred Shares, Series 15

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

    TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) — Partners Value Split Corp. (the “Company”) announced today that it has entered into an agreement to sell 5,000,000 Class AA Preferred Shares, Series 15 (the “Series 15 Preferred Shares”) to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets and TD Securities Inc. on a bought deal basis.

    The Series 15 Preferred Shares will be issued at a price of $25.00 per share, for gross proceeds of $125,000,000. The Series 15 Preferred Shares will carry a fixed coupon of 5.15% and will have a final maturity of March 31, 2031. The Series 15 Preferred Shares have a provisional rating of Pfd-2 from DBRS Limited. The net proceeds of the offering will be used by the Company to pay a special dividend on the Company’s capital shares.

    The Company has granted the underwriters an option, exercisable in whole or part prior to closing, to purchase up to an additional 1,000,000 Series 15 Preferred Shares at the same offering price, which, if exercised in full, would increase the gross offering size to $150,000,000. Closing of the offering is expected to occur on or about March 5, 2025.

    The Company owns a portfolio consisting of approximately 119 million Class A Limited Voting Shares of Brookfield Corporation and approximately 30 million Class A Limited Voting Shares of Brookfield Asset Management Ltd. (collectively, the “Brookfield Securities”), which are expected to yield quarterly dividends that are sufficient to fund quarterly fixed cumulative preferential dividends for the holders of the Company’s preferred shares and to enable the holders of the Company’s capital shares to participate in any capital appreciation of the Brookfield Securities.

    Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. Brookfield Corporation has three core businesses: alternative asset management, wealth solutions, and its operating businesses which are in renewable power, infrastructure, business and industrial services, and real estate. Brookfield Corporation is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BN.

    Brookfield Asset Management Ltd. (“BAM”) is a leading global alternative asset manager with over US$1 trillion of assets under management across renewable power & transition, infrastructure, private equity, real estate, and credit. BAM’s objective is to generate attractive, long-term risk-adjusted returns for the benefit of its clients and shareholders. BAM is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BAM.

    Jason Weckwerth, Chief Financial Officer, will be available at (416) 363-9491 to answer any questions regarding the offering.

    This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and regulations. The words “expected”, “will”, “agreed” and “enable” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters or identify forward-looking information. Forward-looking information in this news release includes statements with regard to the provisional rating on the Series 15 Preferred Shares, which is not a final rating, the use of proceeds of the offering and quarterly dividends from the Company’s portfolio of Brookfield Securities which are expected to fund quarterly fixed cumulative preferential dividends for holders of the Company’s preferred shares and to enable holders of its capital shares to participate in any capital appreciation of the Brookfield Securities. Although the Company believes that the anticipated future results or achievements expressed or implied by the forward-looking information and statements are based upon reasonable assumptions and expectations, the reader should not place undue reliance on the forward-looking information and statements because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking information and statements. Factors that could cause actual results to differ materially from those contemplated or implied by the forward-looking information and statements include: the behaviour of financial markets, including fluctuations in interest and exchange rates, availability of equity and debt financing and other risks and factors detailed from time to time in the Company’s other documents filed with the Canadian securities regulators. We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking information to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as may be required by law, the Company undertakes no obligation to publicly update or revise any forward-looking information or statements, whether written or oral, that may be as a result of new information, future events or otherwise. Reference should be made to the Company’s short form base shelf prospectus dated September 19, 2024 for a description of the major risk factors.

    The MIL Network –

  • MIL-OSI: Signature Systems, Inc. Announces Slate Of New Features For Casino POS

    Source: GlobeNewswire (MIL-OSI)

    WARMINSTER, Pa., Feb. 26, 2025 (GLOBE NEWSWIRE) — Signature Systems, Inc. (SSI), the award-winning hospitality technology provider known for their point-of-sale,PDQ POS, is proud to announce the release of “The Multi-Revenue Center Update.” This new software revision, numbered 3.5.383, gives operators of facilities that contain multiple food & beverage operations the ability to place orders and accept payment for any of those operations wirelessly. Guests can place, pay for and receive orders for any restaurant on premises without the need to leave their seat.

    With the new Multi-Revenue Center Update, staff can easily select any of their locations with one tap and take orders from a wireless POS tablet. Patrons at slot machines, tables, sportsbooks or at other locations can place orders for their favorite food and beverage items and have it delivered to them without taking their eyes off of the game.

    Contained in this update is the new virtual table functionality, which allows staff to easily create or transfer tabs for guests who are not at a pre-programmed location, like a set table or bar seat. This functionality also grants the ability to easily track customers who move locations, like from a table to a bar, or from a bar to a sportsbook without needing to close out and create a new tab.

    “The gaming industry is modernizing, using data and technology to enhance guest’s experiences, increasing retention,” said John White, EVP/CIO of Signature Systems Inc. “We’re modernizing along with them and, with this software update, casinos can take another big step forward. Multiple revenue centers from any POS removes a pre-existing limit to guest enjoyment and helps operators use hardware more efficiently.”

    Included in the software update is also the much-anticipated SMS Waitlist feature. Which allows for hosts and other staff to quickly add guests to a waitlist and be notified via SMS text message when their table is ready. This new functionality removes the need for special notification devices to hand to guests on the waitlist or additional software subscriptions.

    “When designing software for these environments, it’s crucial to consider the experiences of both guests and staff,” Said Justin Andrews, Lead Software Engineer at Signature Systems, Inc. “By improving operational efficiency and the speed of interaction, we can increase revenue and boost customer satisfaction.”

    About Signature Systems (SSI)

    With deep roots in food and beverage, Signature Systems, Inc. (SSI), is a 35-year tenured technology solutions provider whose signature product is PDQ POS, a top rated, all-concept point of sale management system. SSI differentiates itself from all others by virtue of its all-in-one, custom solution sets; all-in-house, domestic teams (including development, live 24x7x365 support, and data/cyber security); and all-in-accountability for prompt, accurate issue resolution.

    Products & services include natively integrated enterprise reporting w/mobile app, natively integrated Delivery Toolkit mobile app, natively integrated custom online ordering, 3rd party delivery fulfillment,

    an array of guest empowerment solutions including self-serve kiosks with multiple tenders, full PCI DSS compliance, comprehensive menu management, value-added integrations, expert project management, onsite training and education, and much more. Learn more at PDQpos.com and

    SSIpos.com, for all casino/hospitality-based restaurants, bars, and retail.

    SSI is the proud winner of the 2022 Innovation Award from Gaming & Leisure©.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ec5b944-1695-4254-9a84-d09811651780

    The MIL Network –

  • MIL-OSI: Årsrapport 2024 for Investeringsforeningen Nordea Invest

    Source: GlobeNewswire (MIL-OSI)

    Bestyrelsen for Investeringsforeningen Nordea Invest har den 26. februar 2025 godkendt årsrapporten for 2024 og indstiller den til godkendelse på den ordinære generalforsamling den 7. april 2025.

    Årsrapporten for 2024 kan downloades på www.nordeainvest.dk

    Med venlig hilsen
    Nordea Fund Management, filial af Nordea Funds Oy, Finland

    Rasmus Eske Bruun
    Filialbestyrer

    The MIL Network –

  • MIL-OSI: REMINDER: Boralex will release its 2024 fourth quarter financial results on February 28

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Feb. 26, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2024 fourth quarter results will take place on Friday, February 28, 2025, at 11 a.m.

    Financial analysts and investors are invited to attend a conference call during which the financial results will be presented.

    Date and time

    Friday, February 28, 2025, at 11 a.m. ET

    To attend the conference

    Webcast link: https://edge.media-server.com/mmc/p/fifq2sc5

    To attend the event by phone: Click here to register for the earnings call. Once you have completed your registration, you will receive a confirmation email containing the link and your personal PIN to connect to the call. If you lose this link and your PIN, you will be able to register again. You must register if you wish to attend the call by phone.

    Media and other interested individuals are invited to listen to the conference and view a presentation which will be broadcasted live and on a deferred basis on Boralex’s website at www.boralex.com. A full replay will also be available on Boralex’s website until February 28, 2026.

    The financial information will be released through a press release and on Boralex’s website on February 28, 2025, at 7 a.m.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. We are developing a portfolio of more than 7.2 GW in wind, solar projects and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.  

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.  

    For more information

    Source: Boralex inc.

    The MIL Network –

  • MIL-OSI: AvePoint Launches New Data Security Solutions for Google

    Source: GlobeNewswire (MIL-OSI)

    Within the AvePoint Confidence Platform, AvePoint expands multi-cloud protection to empower organizations with intelligent risk identification, proactive threat monitoring, and incident response at scale to enhance customers’ cyber resilience and prevent data breaches.

    JERSEY CITY, N.J., Feb. 26, 2025 (GLOBE NEWSWIRE) — AvePoint (Nasdaq: AVPT), the global leader in data security, governance and resilience, today announced new data security solutions for Google Workspace and Google Cloud, reinforcing its commitment to protecting and managing data across multi-cloud environments. Within the Confidence Platform, AvePoint now delivers comprehensive solutions for Google customers across four critical areas: data protection, information lifecycle management, risk intelligence, and data migration.

    This investment strengthens AvePoint’s position as the go-to partner for organizations navigating their increasingly complex digital transformations. As enterprises continue to adopt multi-cloud strategies, the need for seamless data security, management and cross-cloud compliance has never been greater: 89% of enterprises now use multiple cloud services, yet 83% report challenges in securing data across platforms.

    “AvePoint is embracing a multi-cloud strategy to deliver scalable, secure, and innovative solutions that empower our customers and partners to collaborate with confidence in the digital workplace,” said Mario Carvajal, Chief Strategy and Marketing Officer, AvePoint. “Google Cloud’s commitment to reliability and performance aligns perfectly with our mission to provide exceptional value and flexibility.”

    Today’s expansion of the AvePoint Confidence Platform supports the current demands and future needs of Google Cloud customers who secure sensitive data across multiple collaboration platforms, maintain compliance, and optimize IT resources while managing growing data volumes. Some of the key enhancements include:

    • Data Protection: In today’s complex cloud environments, organizations can’t risk losing critical business data. AvePoint’s comprehensive backup for Google Workspace safeguards against data loss while ensuring rapid recovery, enabling teams to work seamlessly together while knowing their work is protected and always available. This is especially critical for multi-cloud organizations, because 40% of data breaches involve data stored across multiple environments.
    • Risk Intelligence: As collaboration accelerates, organizations struggle to maintain visibility and control over sensitive information sharing. AvePoint automatically identifies and remediates risky behaviors, ensuring data remains secure and properly shared while maintaining productivity and compliance.
    • Information Lifecycle Management: Managing records and information governance across cloud platforms creates significant operational complexity. AvePoint simplifies this through centralized control of records across Workspace apps, automating governance to improve efficiency while maintaining compliance requirements without burdening end users.
    • Data Migration: Organizations moving between cloud platforms to meet their business needs face the challenge of maintaining security and business continuity. AvePoint streamlines migrations from Microsoft 365 to Google Workspace, enabling seamless transitions while preserving data integrity and user productivity across multi-cloud environments.

    “In today’s dynamic threat landscape, proactive data security is paramount to any digital transformation strategy,” said Vineet Bhan, Director, Security and Identity Partnerships, Google Cloud. “AvePoint’s expanded Google Cloud and Workspace offerings provide organizations with additional tools to strengthen their defenses and stay ahead of evolving risks.”

    Building on its award-winning multi-SaaS backup solutions and decades of experience managing and securing enterprise data, AvePoint is extending its leadership in data security, governance and resilience to Google Cloud customers. The expanded platform addresses the unique requirements of multi-cloud, agile organizations of all sizes – from global enterprises to smaller organizations with streamlined IT operations and cost-conscious budgets. Through comprehensive data protection, cost-effective solutions with clear ROI, and intuitive management interfaces, AvePoint delivers a seamless end-user experience that builds on its proven track record of success.

    “As an organization operating across multiple cloud environments, we needed a trusted solution that could provide protection for all our critical data. AvePoint’s proven track record and ability to deliver robust security, encryption, retention, and granular recovery capabilities across both production and backup environments made them our clear choice,” said Andrew Ritschel, Senior Systems Administrator, Centerline. “By consolidating our multi-cloud data protection into AvePoint’s unified platform, we’ve strengthened our security posture while streamlining our operations.”

    To learn more about AvePoint’s Google Workspace solutions, visit our website.

    About AvePoint:

    Securing the Future. AvePoint is a global leader in data security, governance, and resilience, and over 21,000 customers worldwide rely on our solutions to modernize the digital workplace across Microsoft, Google, Salesforce and other collaboration environments. AvePoint’s global channel partner program includes over 3,500 managed service providers, value added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Copies of these and other documents filed by AvePoint from time to time are available on the SEC’s website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations. Unless the context otherwise indicates, references in this press release to the terms “AvePoint”, “the Company”, “we”, “our” and “us” refer to AvePoint, Inc. and its subsidiaries.

    Disclosure Information:

    AvePoint uses the https://www.avepoint.com/ir website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

    Investor Contact
    AvePoint
    Jamie Arestia
    ir@avepoint.com
    (551) 220-5654

    Media Contact
    AvePoint
    Nicole Caci
    pr@avepoint.com
    (201) 201-8143

    The MIL Network –

  • MIL-OSI: Rightworks cloud and security platform chosen for AICPA’s Member Discount Program

    Source: GlobeNewswire (MIL-OSI)

    NASHUA, N.H., Feb. 26, 2025 (GLOBE NEWSWIRE) — Rightworks, the only intelligent cloud service provider of solutions purpose-built for accounting firms and professionals, today announced it has been selected to join AICPA’s Member Discount Program. The collaboration provides AICPA members with exclusive discounts on Rightworks WISP and Total Security solutions, empowering firms and small businesses to stay ahead of security threats and achieve mandatory industry compliance throughout the year.

    “Rightworks has a decades-long track record of delivering comprehensive and easy-to-use solutions built specifically for the accounting profession and their clients,” said Michael Cerami, EVP of CPA.com, the business and technology subsidiary of the AICPA. “We look forward to connecting AICPA members with solutions that offer a strong and layered security approach.”

    The newest addition makes Rightworks the only intelligent cloud service provider of solutions purpose-built for accounting firms and professionals in the AICPA Member Discount Program. More than 400,000 AICPA members now get a 15% discount on Rightworks comprehensive security solutions, which include:

    Rightworks WISP

    • A custom security strategy: Strengthen internal processes with a tailored Written Information Security Plan (WISP)
    • Expert assistance: Rightworks security professionals will build a comprehensive WISP, saving billable hours so your firm can focus on serving clients
    • Regulatory compliance: WISPs are mandated by the IRS and the FTC Safeguards Rule and are required to renew a Preparer Tax Identification Number (PTIN) each year
    • Eliminate security gaps: Create a clear roadmap for strengthening your firm’s security posture

    Rightworks Total Security

    • Stronger protection: Includes device security, automatic backups, a VPN and a password manager
    • Staff training: Equips teams with security awareness training to mitigate risks from phishing and cyberattacks
    • A comprehensive solution: Addresses firms’ security and compliance challenges in one offering

    “Maintaining a robust security strategy and ensuring compliance with industry standards are among the top challenges for firms every year,” said Joel Hughes, CEO of Rightworks. “We are proud to join AICPA’s discount program to help empower the members of the world’s largest association representing CPAs with solutions that offer protection against reputational and financial damage.”

    The AICPA Member Discount Program provides savings on products and services its members use every day, such as travel, technology, office supplies, shipping and more.

    Click here for more information on AICPA member discounts.

    Connect with Rightworks
    Visit our newsroom; read our blog; and follow us on LinkedIn, Facebook and Instagram.

    About Rightworks
    Rightworks enables accounting firms and businesses to significantly simplify operations and expand their value to clients via our award-winning intelligent cloud and learning resources. This is possible with Rightworks OneSpace, the only secure cloud environment purpose-built for the accounting and tax profession, and Rightworks Academy, the premier community for firm optimization, growth and professional development. The Academy offers access to thought leadership, events, peer communities and extensive learning resources. Founded in 2002, we’ve grown to serve over 10,000 accounting firms in the US—from single practitioners to Top 10 firms. For more information, please visit rightworks.com or follow us on LinkedIn, Facebook and Instagram.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a3d94458-39e1-42e1-bf61-7f7515be063b

    The MIL Network –

  • MIL-OSI: Applied Systems Shines in Built In’s 2025 Best Places to Work Awards

    Source: GlobeNewswire (MIL-OSI)

    Chicago, IL., Feb. 26, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced its recognition in Built In’s 2025 Best Places to Work Awards. Each year, Built In celebrates tech companies of all sizes across the U.S. that offer exceptional total rewards packages, highlighting the innovative workspaces and employee-centric programs that set them apart. Applied secured impressive rankings on Built In’s “100 Best Large Companies” and “100 Best Places to Work” lists.

    100 Best Large Companies (1,000+ employees):

    • Dallas: #18
    • Austin: #23
    • Atlanta: #29
    • Boston: #34
    • Chicago: #36

    100 Best Places to Work:

    • Dallas: #25
    • Austin: #34
    • Atlanta: #32
    • Boston: #49
    • Chicago: #61

    “Being recognized as a Best Place to Work is a testament to these companies’ commitment to building a workplace where individuals and innovation thrive,” said Maria Christopoulos Katris, founder and chief executive officer, Built In. “At Built In, we understand that great companies are powered by great teams, and this achievement showcases their dedication to fostering a culture of growth, inclusivity, and excellence. Congratulations on this well-deserved honor.”

    Built In selects its Best Places to Work winners using an algorithm that analyzes company data on compensation, benefits, remote work, DEI initiatives, and other cultural factors, reflecting the benefits most valued by tech professionals in the workplace.  

    “We are incredibly proud to be recognized in Built In’s 2025 Best Places to Work Awards,” said Bridget Penney, chief people officer, Applied Systems. “This acknowledgment reflects our commitment to our people and delivering better outcomes for each other and our customers, fostering an environment where amazing career moments are made possible.”

    # # #

    The Applied products and logos are trademarks of Applied Systems, Inc., registered in the U.S.

    About Applied Systems
    Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.

    The MIL Network –

  • MIL-OSI: NextNav Successfully Demonstrates Positioning Reference Signal-Based PNT Technology

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., Feb. 26, 2025 (GLOBE NEWSWIRE) — NextNav (Nasdaq: NN) today announced the successful completion of lab and field demonstrations of its innovative Positioning, Navigation, and Timing (PNT) solution based on Positioning Reference Signal (PRS) standards in 5G waveforms. With 5G and PRS standards already in place, this validates that NextNav PNT technology solutions can enable a widescale commercial 5G-based PNT solution that provides a resilient terrestrial complement and backup to traditional GPS signals.

    The demonstrations culminated in a successful field test using a prototype network operating on NextNav’s existing spectrum in Palo Alto, California. These tests validated the effectiveness of NextNav’s 5G PRS-based PNT solution, demonstrating precise timing synchronization and robust positioning capabilities, establishing a foundation for widespread commercial deployment.

    “This is a major milestone towards building a terrestrial complement and backup to GPS built on the back of a global standard,” said NextNav Co-Founder and CTO, Arun Raghupathy. “By leveraging a 5G network, NextNav is proving that it is able to develop scalable 3D PNT capabilities built with technology using standards compliant PRS signals.”

    NextNav’s innovative next generation technology provides a rapid and cost-effective approach to scaling resilient PNT solutions and is part of the company’s mission to build a widescale terrestrial PNT solution working with 5G infrastructure and device providers. By demonstrating that PRS can fulfill this requirement, NextNav moves closer to the vision outlined in its rulemaking petition before the Federal Communications Commission (FCC). In its petition, NextNav proposed that the FCC reconfigure the Lower 900 MHz band to enable a 5G-based terrestrial 3D PNT as both a complement and backup to GPS while also supporting 5G broadband deployment and use.

    Few challenges are more pressing than integrating greater resiliency into critical terrestrial PNT technologies while simultaneously freeing up more spectrum for 5G broadband.

    Mobile World Congress Barcelona 2025

    NextNav will host discussions in its dedicated meeting room at MWC 2025, bringing together industry leaders to advance a 5G-based terrestrial 3D PNT capability built on a global standard. To join these conversations, meet our team, and learn more, request a meeting here.

    About NextNav

    NextNav Inc. (Nasdaq: NN) is a leader in next-generation positioning, navigation and timing (PNT), enabling a whole new ecosystem of applications and services that rely upon 3D geolocation and PNT technology. Powered by low-band licensed spectrum, NextNav’s positioning and timing technologies deliver accurate, reliable, and resilient 3D PNT solutions for critical infrastructure, GPS resiliency and commercial use cases.

    For more information, please visit https://nextnav.com/ or follow NextNav on X https://x.com/NextNav or LinkedIn. 

    Forward Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on NextNav’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.

    Source: NN-FIN

    Media Contact:
    NNmedia@nextnav.com

    The MIL Network –

  • MIL-OSI: Chargeflow Expands to New York City with Flatiron District Office, New VP Sales Hire, Strengthening Global Presence and Growth

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) — Chargeflow, the leading AI-powered chargeback prevention and automation platform, is proud to announce the opening of its new offices in the heart of New York City’s Flatiron District. This expansion solidifies Chargeflow’s commitment to innovation, industry leadership, and its mission to revolutionize the chargeback and fraud prevention ecosystem for online merchants worldwide.

    The Flatiron District, known as a hub for tech startups, fintech firms, and venture-backed startup companies, provides the perfect location for Chargeflow’s continued growth. With access to top-tier talent, strategic partners, and a dynamic business community, Chargeflow’s presence in New York will accelerate product innovation, customer success, and market expansion efforts.

    “We’re thrilled to establish a stronger footprint in New York City, a hotspot for some of the most exciting fintech and SaaS companies in the world,” said Ariel Chen, CEO and Co-Founder of Chargeflow. “This move is a testament to our rapid growth and our commitment to building a world-class team and solution that will redefine the chargeback management landscape.”

    As part of this expansion, Chargeflow is also excited to announce the hiring of Gabi Kobrin as its Vice President of Sales. With extensive experience in scaling high-growth fintech and SaaS organizations such as Riskified and Balance, Kobrin will spearhead Chargeflow’s sales strategy, drive revenue growth, and strengthen relationships with enterprise clients.

    “I’m honored to join Chargeflow at such a pivotal time,” said Gabi. “The company is tackling one of the biggest inefficiencies in the payments industry, and I look forward to contributing to our mission of protecting merchants with an industry-leading, AI-driven chargeback solution.”

    Chargeflow is actively hiring for multiple positions in sales, marketing, customer success, and product development in its New York office as well as its Israeli headquarters. The company seeks talented professionals eager to shape the future of eCommerce payments and fraud prevention.

    For more information about Chargeflow’s NYC expansion or career opportunities, visit Chargeflow.io/careers/

    About Chargeflow
    Chargeflow is the leading AI-powered chargeback automation platform, helping online merchants fight and prevent chargebacks with cutting-edge technology and machine learning. Trusted by thousands of merchants globally, Chargeflow simplifies dispute resolution, recovers lost revenue, and enhances payment efficiency. Learn more at www.chargeflow.io.

    Media Contact:
    Dan Moshkovich
    VP Marketing
    danm@chargeflow.io

    The MIL Network –

  • MIL-OSI: Intapp DealCloud Activator launched to drive growth for professional services firms

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, legal, and capital markets firms, announced the availability of Intapp DealCloud Activator. The new solution was announced today at Intapp’s annual product event in New York City.

    Built on the research underpinning the forthcoming book The Activator Advantage, DealCloud Activator is an AI-enabled growth platform that enables professionals to adopt and sustain successful business development practices. Using AI and behavioral science, the solution helps firms better align business development efforts with strategic goals, successfully integrate new lateral partners, and drive sustained firmwide growth.

    DealCloud Activator uses AI to surface real-time insights and actionable nudges that guide professionals to proactively support client relationships throughout the entire client lifecycle — without disrupting their daily routines. Additionally, firm leaders gain needed visibility into their teams’ business development activities — empowering goal setting, progress monitoring, and alignment of coaching efforts with individual, practice, and firm goals.​

    “Professionals are inundated with the daily work to deliver for clients, often at the expense of business development,” said Erin Guinan, General Manager of DealCloud. “Intapp DealCloud Activator breaks business development down from a nebulous concept into a handful of simple tasks each day. It enables each professional to adopt and maintain Activator behaviors — driving consistency in BD activities, creating and maintaining connections, and delivering the right idea at the right time — at scale across the firm.”

    Key features of Intapp DealCloud Activator include:

    • Relationship and opportunity signals: Changes in key relationships — such as job changes, cooling contacts, and company news — are proactively fed to users with AI-driven signals and insights.
    • Behavioral nudges: Timely, relevant reminders on best next actions are integrated into daily workflows to foster consistent engagement.
    • Tech stack integration: Integration with email, LinkedIn, and other tools lets users act on nudges directly from the alert.
    • Holistic data pictures: Connecting third-party data with proprietary firm history, ensures that recommendations are built off a rich, unique set of data specific to each professional and their clients.
    • Network management and visualization: Visual relationship network maps strengthen internal and external connections, identify gaps, and drive more strategic client interactions and cross-firm collaboration.
    • Personalized updates: Tailored digests and updates on key activities — including new opportunities, relevant client changes, and internal referrals — promote collaboration and ensure professionals are well-prepared for client interactions.
    • Activator coaching: Actionable insights and reminders on proven business development strategies are embedded in notification feeds to reinforce training and ensure success.
    • Performance metrics and BD assessment: Dashboards highlighting key activities like referrals, new opportunities, and relationship building track individual and team-level business development performance.

    About Intapp 
    Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and LinkedIn. 

    Contact:
    Ali Robinson
    Global Media Relations Director
    press@intapp.com 

    The MIL Network –

  • MIL-OSI: Latest CarGurus Brand Campaign Celebrates Life’s Big Deal Moments, Like Buying a Car

    Source: GlobeNewswire (MIL-OSI)

    The “Big Deal” campaign pays tribute to the momentous experience of car shopping, along with the trusted digital tools from CarGurus that help consumers find the best deal on their big deal

    BOSTON, Feb. 26, 2025 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the fastest-growing automotive shopping site in Canada1, today announced the launch of its latest national brand campaign, “Big Deal”, recognizing the important role cars play in people’s lives. The new spots empathize with the big decisions drivers make along the buying journey, underscoring CarGurus’ role in helping consumers find the best deal on their big deal.

    “CarGurus has helped drivers along this important journey for nearly two decades, developing the best tools and information to help consumers feel confident in their decisions,” noted Dafna Sarnoff, CarGurus Chief Marketing Officer. “As a result, CarGurus has earned the trust of millions of Canadian users who turn to our site each month to make sure they find the best deal for their needs.”

    CarGurus connects buyers to the best deals by providing complete vehicle history and unbiased deal ratings on a wide selection of new and used vehicles. Added tools like an easy-to-use app, price drop alerts, and the ability to start financing online enable confident decision-making in one of the biggest purchases of a person’s life. The platform also supports sellers with car pricing tools and the ability to receive an instant offer to sell their car completely online.

    “Although CarGurus makes the process easy with all the tools and information you need to get the best deal, we don’t want to lessen the gravity of the purchase and its significant impact on people’s lives,” said Carter Collins, Partner and Managing Director of Bindery. “Buying or selling a car is a huge decision, an emotional experience that we wanted to reflect in this campaign.”

    The “Big Deal” campaign will run across TV networks and connected TV providers. The spots will be supplemented with digital and social executions throughout the year. View the full campaign video library here.

    Creative Credits:

    CarGurus

    • Dafna Sarnoff, Chief Marketing Officer
    • Evan Jones, Creative Director
    • Allison Conroy, Brand Marketing Director
    • Carli Riibner, Sr Brand Marketing Specialist
    • Maggie Meluzio, Director of Public Relations

    Creative and Production – Bindery

    • Carter Collins, Partner, Managing Director
    • Kim Devall, Executive Creative Director
    • Laura Hockstad, Producer
    • Chris Hilk, Editor

    Production – Ruffian

    • Bubble & Squeak, Director
    • Robert Herman, Founder, EP
    • Leslie Vaughn, Line Producer
    • Paul Meyers, Director of Photography
    • Craig Pinckes, 1st Assistant Director

    Production Services – Habitant

    • Arturo Arroyo, Managing Director
    • Montserrat Becerril, Chief of Staff
    • Elizabeth Tapia, Head of Production
    • Ivan Perez, Executive Producer
    • Andrea Fumero, Line Producer
    • Rodrigo Sánchez, Production Manager

    Color + VFX – Trafik

    • Daniel de Vue, Senior Colorist
    • Ali Soofi, Assistant Colorist
    • Geoff Linville, Color Producer
    • Greer Bratschie, Head of Production
    • Karena Ajamian, Executive Producer
Ciaran Birks, VFX Producer
    • Jaime Aguirre, Flame Lead
    • Ben Fall, Flame Assist

    Animation and Text Graphics – Buff Motion

    Sound – Antfood

    • Wilson Brown, Partner, Executive Creative Director
    • Sue Lee, Executive Producer
    • Joshua Heath, Creative Lead
    • Dalton Harts, Composer, Mix Engineer
    • Linton Smith, Mix Engineer
    • Trevor Haimes, Senior Producer
    • Charlie Blasberg, Music Supervisor
    • Katie Hansen, Production Coordinator

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

    CarGurus operates online marketplaces under the CarGurus brand in the U.K., Canada, and U.S., where it is the most visited automotive shopping site2. The CarGurus network of brands also includes PistonHeads, the largest online motoring community in the U.K.3; Autolist, a U.S.-based online marketplace; and CarOffer, a digital wholesale marketplace serving the U.S.

    To learn more about CarGurus, visit www.cargurus.ca.

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

    1Similarweb: Traffic Insights, Q4 2024, Canada
    2Similarweb: Traffic Report [Cars.com, Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits
    minus Vehicle History Reports traffic)], Q4 2024, U.S.
    3Similarweb: Traffic Insights, Q4 2024, U.K.

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1267674-ed08-44a3-a107-cde3ff19ccdb

    The MIL Network –

  • MIL-OSI: Traliant announces new series of ethics and compliance courses to better protect organizations from legal risk

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) — Traliant, a leader in online compliance training, today announced a new series of courses to help organizations uphold ethics and compliance standards in today’s globalized marketplace. The three courses ─ Anti-Bribery Anti-Corruption, Avoiding Conflicts of Interest, and Economic Sanctions ─ are designed to equip employees with the knowledge to make more informed decisions and protect organizations from risks tied to unethical or illegal practices.

    Maintaining a strong reputation as both a business partner and employer is essential for an organization’s success and growth. Earning stakeholders’ trust requires fostering a workplace culture rooted in ethical conduct and compliance, guided by a clear code of conduct. Employees must understand the laws, regulations, and ethical standards that impact their organization and daily responsibilities.

    “Without proper training, employees may unknowingly engage in transactions or business relationships that violate laws, leading to severe consequences such as fines, operational restrictions and reputational damage.” said Mike Dahir, CEO of Traliant. “It’s every employers’ responsibility to equip employees with the knowledge to navigate these challenging scenarios and positively contribute to their company’s reputation as a brand.”

    Traliant’s Global Anti-Bribery Anti-Corruption (ABAC) training helps learners understand the laws and regulations related to bribery and corruption and to develop strategies for preventing these practices in the workplace. The training, which is compliant with the legal obligations under the Foreign Corrupt Practices Act (FCPA), covers topics such as how to avoid criminal bribery, identify foreign officials, distinguish between bribery and extortion, and report suspicious activity.

    Conflicts of interest are another area that can erode trust in a company and lead to legal issues and penalties. By giving employees an understanding of what conflicts of interest are and why they must be avoided, Traliant’s Avoiding Conflicts of Interest training helps ensure that employees make decisions based on what is best for the company and are empowered to speak up about any potential conflicts.

    Economic sanctions impact global business operations, and employees play a vital role in ensuring organizational compliance and preventing violations that could lead to legal penalties, financial losses and reputational damage. Traliant’s Economic Sanctions training enables employees to understand the fundamentals of sanctions, including what key areas, entities and individuals are subject to U.S. sanctions. It also helps employees recognize warning signs of potential violations and provides guidance on seeking compliance support.

    To learn more about Traliant, visit: https://www.traliant.com/.

    About Traliant
    Traliant, a leader in compliance training, is on a mission to help make workplaces better, for everyone. Committed to a customer promise of “compliance you can trust, training you will love,” Traliant delivers continuously compliant online courses, backed by an unparalleled in-house legal team, with engaging, story-based training designed to create truly enjoyable learning experiences.

    Traliant supports over 14,000 organizations worldwide with a library of curated essential courses to broaden employee perspectives, achieve compliance and elevate workplace culture, including sexual harassment training, inclusion training, code of conduct training, and many more.  

    Backed by PSG, a leading growth equity firm, Traliant holds a coveted position on Inc.’s 5000 fastest-growing private companies in America for four consecutive years, along with numerous awards for its products and workplace culture. For more information, visit http://www.traliant.com and follow us on LinkedIn.

    Contact
    Reagan Bennet
    traliant@v2comms.com 

    The MIL Network –

  • MIL-OSI: Cority Integrates Arcadia’s Platform to Automate Utility Data for ESG Compliance

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) — Cority, the global leader in enterprise Environmental, Health, and Safety (EHS) and Sustainability software, has announced a strategic partnership with Arcadia, the industry leader in utility data and energy management solutions. This collaboration enables Cority customers to leverage Arcadia’s expansive data platform, reducing manual processes and enhancing the quality of sustainability reporting across large enterprises.

    The integration aligns Arcadia’s utility data platform with CorityOne, the company’s comprehensive and integrated EHS and sustainability SaaS-based ecosystem, creating a powerful solution for organizations managing complex energy portfolios. By automating data acquisition, cleansing, and standardization, the partnership empowers sustainability, energy management, and compliance teams to focus on strategic initiatives rather than labor-intensive manual data entry processes.

    Simplifying sustainability reporting: Accurate energy data at scale
    The Arcadia partnership unlocks easy access to accurate global energy data for Cority customers. Arcadia’s platform leverages AI-driven processes to clean and fill data gaps and draws on insights from a database of over three million utility accounts. The company’s global data coverage encompasses more than 9,500 utility data providers — including electric, gas, water, and more — in 52 countries, and over 95% of residential and commercial accounts in the US.

    The breadth of utility data from Arcadia and ease of integration with Cority ensures companies can meet complex and ever-changing regulatory requirements seamlessly, including reasonable assurance standards under the EU’s CSRD regulation and the IFRS-S2 climate-related disclosures.

    “Large organizations often struggle with fragmented data collection, whether it’s keyed in manually or pulled from inconsistent spreadsheets,” said Alex Hardwick, director of sustainability, planning and enablement at Cority. “With Arcadia, our customers now have access to a scalable, automated solution that ensures reliable, traceable data for sustainability reporting and energy management. It’s a game changer for companies with extensive site networks.”

    CorityOne: A unified ecosystem for sustainability data management
    CorityOne’s unified ecosystem is built on the principles of interoperability and integration, allowing organizations to consolidate their sustainability and EHS data in one platform. By partnering with Arcadia, Cority strengthens its ability to deliver a comprehensive data management solution that streamlines processes, improves accuracy, and eliminates silos.

    “Organizations are under growing pressure to deliver accurate sustainability reports, but many are still relying on manual data collection processes that are time-intensive, prone to error, and often limited to a one-time annual exercise,” said Curtis Snyder, SVP & GM at Arcadia. “Cority’s focus on EHS and sustainability provides the perfect foundation for a single source of truth. By combining Arcadia’s automated utility data capabilities with Cority’s unified ecosystem, we’re helping enterprises move beyond static reporting to ongoing visibility into their resource usage and carbon impact—enabling smarter decision-making and streamlined reporting.”

    With this partnership, Cority customers gain access to a scalable and automated approach for managing utility data. Arcadia’s robust platform seamlessly integrates with CorityOne, enabling customers to link utility accounts across thousands of locations and directly feed standardized data into the system. This eliminates time-consuming manual data entry and provides organizations with a centralized, actionable view of their energy consumption and emissions, further streamlining the reporting process.

    About Cority
    Cority gives every employee from the field to the boardroom the power to make a difference, reducing risks and creating a safer, healthier, and more sustainable world. For over 35 years, Cority’s people-first software solutions have been built by EHS and sustainability experts who know the pressures businesses face. Time-tested, scalable, and configurable, CorityOne is the responsible business platform that combines datasets from across the organization to enable improved efficiencies, actionable insights, data-driven decisions, and more accurate reporting on performance. Trusted by over 1,500 organizations worldwide, Cority deeply cares about helping people work toward a better future for everyone. To learn more, visit www.cority.com

    About Arcadia
    Arcadia is the global utility data and energy solutions platform. With our leading data platform, AI-powered analytics, industry expertise, and expansive partner network, we deliver solutions for every stage of the enterprise energy management lifecycle across carbon, cost, and reliability. Arcadia also manages the nation’s leading community solar program.

    For media inquiries, contact:
    Natalie Rizk
    RiotMind
    natalier@theriotmind.agency

    The MIL Network –

  • MIL-OSI: Kandji Unveils Device Management for Apple Vision Pro to Enable Seamless Integration of Spatial Computing in the Enterprise

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 26, 2025 (GLOBE NEWSWIRE) — Kandji, the Apple endpoint management and security platform, today announced Device Management for Apple Vision Pro, a groundbreaking solution that revolutionizes how businesses deploy and manage Apple Vision devices at scale.

    Kandji’s new solution represents a new enterprise device management solution built specifically for Apple Vision devices that intelligently uses Apple’s next-generation Declarative Device Management (DDM) protocol, wherever available. This enables organizations to seamlessly integrate spatial computing into their workplace faster and with more consistent enforcement of security settings.

    The Augmented and Virtual Reality Headset industry is expected to grow from 6.7 million units in 2024 to 22.9 million in 2028. With two-thirds (67%) of IT professionals in agreement that the future of Apple Vision Pro is as a business productivity solution, and over 50% of Fortune 100 companies incorporating Apple Vision Pro into their operations, the device is gaining traction in the enterprise.

    “As Apple continues to develop new and advanced devices that expand the bounds for what modern organizations can accomplish, it’s of utmost importance that the management and protection of these devices be as seamless as possible,” said Adam Pettit, co-founder and CEO of Kandji. “At Kandji, we’re thrilled to support and enable a revolutionary work experience for our customers through augmented and virtual reality, while prioritizing security and productivity.”

    Kandji’s Device Management for Apple Vision devices features automated device enrollment specifically for fully-managed, corporate-owned devices. This helps IT teams manage and secure Apple Vision devices right out of the box, allowing them to be set up and fully configured from Day 1 with the right apps and settings with minimal intervention by IT.

    Breaking from legacy device management approaches, Kandji automatically utilizes Apple’s DDM rather than legacy mobile device management (MDM) frameworks whenever it is available, for example when setting a passcode policy. This forward-thinking architecture results in a more responsive and stable management experience that keeps pace with the innovative nature of spatial computing.

    “Apple Vision Pro represents a new era of computing, and businesses need modern management tools to support it,” added Pettit. “By leveraging Apple’s latest declarative device management protocols, we’re enabling organizations to confidently deploy Vision devices while maintaining enterprise-grade security, compliance, and performance.”

    Kandji’s Device Management for Apple Vision is seamlessly integrated into Kandji’s Device Management product so customers are able to manage and secure their Apple Vision devices alongside the rest of their Apple fleet. Kandji’s support for Apple Vision devices is currently available for all Kandji customers. For more information please visit https://www.kandji.io/.

    Helpful Links

    About Kandji
    Kandji is the Apple endpoint management and security platform. Kandji empowers companies to manage and secure Apple devices in the enterprise and at scale. By centrally securing and managing your Mac, iPhone, iPad, and Apple TV devices, IT and InfoSec teams can save countless hours of manual, repetitive work with features like one-click compliance templates and more than 150 pre-built automations, apps, and workflows. Learn more at http://www.kandji.io.

    Media Contact
    Erica Anderson
    pr@kandji.io  

    The MIL Network –

  • MIL-OSI: MKS Instruments to Participate in Cantor Fitzgerald Global Technology Conference

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Feb. 26, 2025 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, announced today that John T.C. Lee, President and Chief Executive Officer, will participate in a fireside chat at Cantor Fitzgerald Global Technology Conference on Tuesday, March 11, 2025 at 1:00 p.m. EDT.

    A live webcast of the session will be available in the Investor Relations section of the company’s website at https://investor.mksinst.com/events-and-presentations and a replay of the event will be available for a limited time thereafter.

    About MKS Instruments
    MKS Instruments enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.

    MKS Investor Relations Contact:
    Paretosh Misra
    Vice President, Investor Relations
    Telephone: +1 (978) 284-4705
    Email: paretosh.misra@mksinst.com

    The MIL Network –

  • MIL-OSI: Varonis Opens Data Centers in India to Support Expanding Customer Base and Minimize Cloud Data Risk 

    Source: GlobeNewswire (MIL-OSI)

    MIAMI and MUMBAI, India, Feb. 26, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced new data centers in India. Located in Mumbai and Pune, the centers will support customers using the Varonis cloud-native Data Security Platform to protect sensitive data, maintain privacy regulations, and stay on top of threats with AI-powered automation.

    New draft rules under the Digital Personal Data Protection Act require Indian businesses to navigate the country’s intricate legal landscape skillfully. Varonis’ new data centers will support customers who must comply with regulatory frameworks from the Reserve Bank of India, the Securities and Exchange Board of India, and the Insurance Regulatory and Development Authority of India — all without disrupting the business.

    “Varonis’ new data centers in India help us meet strict data localization requirements while strengthening our security,” said Makesh Chandramohan, the Group CISO of Aditya Birla Capital. “Varonis will help us ensure compliance, reduce latency, and improve our overall cybersecurity posture.”

    “Our new data centers underscore Varonis’ dedication to providing our customers with deep data visibility wherever it lives — in the most important data stores and applications across SaaS, IaaS, on-prem, and hybrid environments,” said Scott Leach, Varonis VP of APAC. “The launch demonstrates our ongoing commitment to helping customers automatically reduce their data security risk with a unified platform.”

    With data growing at a rate that surpasses the ability to secure it, organizations turn to Varonis to protect their sensitive cloud data.

    “Varonis establishing its data centers in India demonstrates our commitment to our customers and partners in the region and helps ensure their requirements around data sovereignty and regional regulatory compliance are met comprehensively,” said Maheswaran Shanmugasundaram, Country Manager for India at Varonis. “This move will accelerate our mission to help customers protect their most valuable and vulnerable asset — data — automatically and help ensure they are compliant and secure.”

    Additional Resources

    About Varonis

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

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

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

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

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

    The MIL Network –

  • MIL-OSI: Šiaulių Bankas Group Results for the Year 2024

    Source: GlobeNewswire (MIL-OSI)

    • Financial targets. Šiaulių Bankas Group demonstrated strong performance and successfully achieved all its financial targets for 2024, delivering on its guidance
    • Profit. Šiaulių Bankas Group earned a record net profit of €78.8 million
    • Loan portfolio. The loan portfolio grew by 17% year-on-year to over €3.4 billion
    • Deposits. The deposit portfolio grew by 12% over the year to almost €3.6 billion at the end of 2024
    • Fee & commission income. Net fee and commission income grew by 44% year-on-year to over €29 million
    • Dividends. Šiaulių Bankas Group intends to propose a distribution of 50% of its 2024 net profit, or €0.061 dividend per share
    • Share buybacks. Will allocate up to 5% of the 2024 net profit for own share buybacks
    • Rebranding. A rebranding of Šiaulių Bankas will be proposed for the upcoming shareholders’ meeting

    “In 2024, we have successfully integrated INVL’s retail business into Šiaulių Bankas Group, updated our long-term vision and strategy, and initiated a business transformation that we believe will bring greater value to our customers, shareholders, and society.

    While launching strategic projects such as the replacement of the core banking platform and rebranding preparation, we maintained high profitability and service quality, effectively managing risk and costs.

    The successful implementation of our first international bond issuances and the updated dividend policy demonstrate our commitment to efficient capital utilization and delivering high returns to shareholders during the transformation period,” says Vytautas Sinius, CEO of Šiaulių Bankas.

    Šiaulių Bankas Group earned an unaudited net profit of €78.8 million in 2024 which is 5% more than in 2023. Operating profit before allowance for impairment losses and income tax amounted to €107.3 million, a 3% decrease compared to operating profit of €111.0 million in 2023.

    Net interest income grew by 2% year-on-year to €160.2 million, while net fee and commission income grew by 44% to over €29 million. The latter increased 11% in the last quarter of 2024 alone, compared to Q3 2024.

    All loan book segments grew during the year, with the total loan portfolio increasing by 17% (€503 million) to €3.43 billion. New credit agreements worth €1.5 billion were signed during the year, 14% more than in 2023 (€1.3 billion).

    The quality of the loan portfolio remains strong, with provisions of €11.3 million made in 2024, €4 million less than in 2023. The Cost of Risk (CoR) of the loan portfolio for year 2024 was 0.35% (0.54% for the 2023).

    The deposit portfolio grew by 12% since the beginning of the year (€383 million) and exceeded €3.5 billion at the end of the year. The amount of term deposits grew by 22% (€348 million) to over €1.9 billion during the year and their share in the total deposit portfolio increased by 5 percentage points to 54%.

    The bank’s capital structure was enhanced by an additional issue of Tier 1 (AT1) bonds of €50 million in the fourth quarter. All issuances made in 2024 have significantly strengthened and diversified the capital base, which allows for continued rapid growth while ensuring high returns for investors.

    The Bank’s Management Board, taking into the account the updated dividend policy, the bank’s strong performance in 2024, its robust capital position, and the favourable outlook for the operating environment, has decided to propose a dividend of 50% of the 2024 net profit (€0.061 per share) for approval at the Bank’s Annual General Meeting.

    Šiaulių Bankas has repurchased own shares worth €10.2 million and is planning to continue with buyback programmes, in line with the existing the European Central Bank’s (ECB’s) authorisation granted on 15th August 2024. The bank will also propose to allocate up to 5% of its 2024 net profit for the share buybacks for the capital reduction purpose, and to grant shares as part of the deferred variable remuneration for the employees of the Šiaulių Bankas Group.

    The group’s cost/income ratio (C/I) was 49.0%1 (41.2%1 in 2023) and the return on equity (RoE) was 14.0% (15.5% in 2023) at the end of the year. The capital and liquidity position remained strong and prudential ratios are being met by a wide margin. The capital adequacy ratio (CAR) stood at 22.8%2 and the liquidity coverage ratio (LCR) at 232%2.

    Income Statement (€’m) FY2024 FY2023 % ∆
           
    Net Interest Income 160.2 156.9 2%
    Net Fee & Commission Income 29.1 20.3 44%
    Other Income 34.4 19.3 78%
    Total Revenue 223.7 196.5 14%
           
    Salaries and Related Expenses (49.5) (36.2) 37%
    Other Operating Expenses (66.9) (49.3) 36%
    Total Operating Expenses (116.4) (85.5) 36%
           
    Operating Profit 107.3 111.0 (3%)
    Allowance for Impairment Losses (10.9) (15.2) (28%)
    Income Tax Expense (17.7) (20.4) (13%)
           
    Net Profit 78.8 75.4 5%
           
    Balance Sheet Metrics (€’m) Dec 2024 Dec 2023 % ∆
           
    Loans 3 435 2 932 17%
    Total Assets 4 923 4 808 2%
    Deposits 3 561 3 178 12%
    Equity 585 543 8%
           
    Assets under Management3 1,977 1,556 27%
    Assets under Custody 1,936 1,943 0%
           
    Key Ratios FY2024 FY2023 ∆
           
    Net Interest Margin (NIM) 3.3% 4.2% -93bps
    Cost-to-Income ratio (C/I)1 49.0% 41.2% +779bps
    Return on Equity (RoE) 14.0% 15.5% -146bps
    Cost of Risk (CoR) 0.3% 0.5% -19bps
    Capital Adequacy Ratio (CAR)2 22.8% 22.4% +36bps
             

    Overview of Business Segments

    Corporate Client Segment

    Šiaulių Bankas has significantly increased the volume of corporate financing over the year – in 12 months new corporate financing agreements worth of €960 million were signed in 2024, 29% increase compared to previous year. In the 2024 the portfolio has grown by 20% (€308 million) to over €1.8 billion. Growth has been well-diversified across several strategic sectors, including manufacturing, retail, and renewable energy. A favourable business environment has encouraged investment and created additional opportunities for expansion.

    Šiaulių Bankas continued its commitments to promote sustainability and signed amendments to the Pre-financing and Contingent loan agreements with the European Investment Bank (EIB) concluded in 2016 to increase the Bank’s investment up to €255 million from €195 million – to finance the modernization programme of multi-apartment buildings in Lithuania.

    Private Client Segment

    In 2024, Šiaulių Bankas has successfully implemented key strategic initiatives that strengthened its market position and ensured sustainable growth. The successful integration of INVL retail business was a major accomplishment, which enabled the bank to expand its service offering and provide customers with even more opportunities. The implementation of new core banking platform is on track, promising a greater efficiency and an improves customer experience.

    To strengthen its image and further meet the expectations of its customers, Šiaulių Bankas has also started preparations for the rebranding. A rebranding of Šiaulių Bankas will be proposed for the upcoming shareholders’ meeting.

    The volume of new mortgage contracts in 2024 increased by 21% year-on-year to €213 million. In 2024 the mortgage portfolio has grown by 17% (€136 million) reaching €0.9 billion. The volume of new consumer loan contracts increased by 5% year-on-year to €232 million. Since the beginning of 2024, the consumer loan portfolio has grown by 19% (€57 million) to over €0.35 billion.

    Investment Client Segment

    The bank has remained active in the local corporate bond market, originating €42 million in corporate bonds across 10 issuances for its clients in Q4 2024. Total corporate bond issuance for the year reached €227 million. According to Nasdaq Baltics, Šiaulių Bankas is leading security issuer in Lithuania and the Baltic States and maintains the largest share of securities trading on the Lithuanian stock exchange.

    Šiaulių Bankas demonstrated strong performance in asset management business in 2024. Client assets under management (AuM) reached €1.46 billion and grew by €277 million year-on-year. Growth was driven by new client investment flows and investment performance. In 2024, Šiaulių Bankas asset management company, earned €164.4 million for Tier II pension fund clients and €19.8 million for Tier III clients. In total, the profit generated for clients during the year was €184.2 million.

    SB Alternative Investment Fund III, providing new investment opportunities for Lithuanian retail investors, has enjoyed a successful launch, attracting over €6 million in 2024. Distribution of units of the investment fund is ongoing.

    The Life Insurance segment also showed steady growth, Risk Under Management (RUM) reaching EUR 1.7 billion in the fourth quarter, EUR 174 million more than a year ago.

    1after eliminating the impact of the client portfolio of SB Draudimas
    2preliminary data
    3includes Asset Management and Modernisation Funds AuM

    Šiaulių Bankas invites shareholders, investors, analysts and all interested parties to a webinar presentation of the financial results and highlights for the 2024. The webinar will start on 27 February 2025 at 8.30 am (EET). The webinar will be held in English. Please register here. Please find attached the information that will be presented at the webinar.

    If you would like to receive Šiaulių Bankas’ news for investors directly to your inbox, subscribe to our newsletter.

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@sb.lt

    Attachments

    The MIL Network –

  • MIL-OSI: STMicroelectronics releases innovative satellite navigation receiver to democratize precise positioning for automotive and industrial applications

    Source: GlobeNewswire (MIL-OSI)

    STMicroelectronics releases innovative satellite navigation receiver to democratize precise positioning for automotive and industrial applications

    • ST first to put quad-band, multi-constellation design, needed for precise GNSS positioning accurate to a few centimeters, on a single die
    • Innovative design ensures cost-effective precise positioning for road users and for new industrial applications, to increase the areas where autonomous vehicles can operate

    Geneva, Switzerland, February 26, 2025 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has introduced the Teseo VI family of global navigation satellite system (GNSS) receivers aimed at high-volume precise positioning use cases. For the automotive industry, Teseo VI chips and modules will be core building blocks of advanced driving systems (ADAS), smart in-vehicle systems, and safety-critical applications such as autonomous driving. They have also been designed to improve positioning capabilities in multiple industrial applications including asset trackers, mobile robots for home deliveries, managing machinery and crop monitoring in smart agriculture, timing systems such as base stations, and many more.

    “Our new Teseo VI receivers represent a real breakthrough among positioning engines for several reasons: they are the first to integrate multi-constellation and quad-band signal processing in a single die; they are the first to embed a dual-Arm®-core architecture enabling both very high performance and ASIL-level safety for assisted and autonomous driving applications. Last but not least, they embed ST’s proprietary embedded Non-Volatile-Memory (PCM), thus delivering a very integrated, cost-effective, and reliable platform for new precise-positioning solutions,” said Luca Celant, Digital Audio and Signal Solutions General Manager, STMicroelectronics. “ST’s new satellite-navigation receivers will support exciting, advanced capabilities in automotive ADAS applications and enable many new use cases being implemented by industrial companies.”

    Teseo VI is the first in the market to integrate all the necessary system elements for centimeter accuracy into one die, supporting simultaneous multi-constellation and quad-band operations. This innovation simplifies the development of end-user navigation and positioning products, enhances reliability even in challenging conditions like urban canyons, and reduces bill-of-materials costs. Additionally, the single chip accelerates time to market and allows for compact and lightweight form factors.

    The new Teseo VI family of precise positioning receiver chips leverages decades of experience and integrates multiple ST proprietary technologies, including precise positioning and advanced embedded memory.

    Technical Notes for Editors

    ST’s new GNSS device family includes the Teseo VI STA8600A and Teseo VI+, STA8610A, each with dual independent Arm® Cortex®-M7 processing cores for local control of all the IC’s (integrated circuit) functions. The Cortex-M7 brings powerful 32-bit processing and helps enable concurrent multi-constellation and multi-band operation on a single die.

    Teseo VI+ can also host various enhanced positioning engines, developed independently by third ST Authorized Partner companies, to provide complete real-time kinematics for centimeter position accuracy.

    Completing the family, the Teseo APP2 STA9200MA operates dual cores in lockstep, providing hardware redundancy for applications such as road vehicle guidance meeting ISO 26262 ASIL-B functional safety. Pin-compatibility between Teseo APP2 and other Teseo VI ICs simplifies PCB design for companies producing ASIL-certified and non-ASIL applications.

    All variants feature ST’s innovative RF architecture and GNSS baseband design provides quad-band GNSS support (L1, L2, L5 and E6) with the unique ability to acquire and track only L5. This is highly effective in reducing outliers and increasing robustness in difficult conditions such as urban canyons and in the presence of jammers.

    In addition, the proprietary phase-change memory (PCM) technology removes external memory needs, thereby minimizing the system bill of materials (BOM) and simplifying the manufacturing supply chain. Proprietary PCM is robust to withstand challenging environments such as automotive, non-volatile like Flash, and has a small cell architecture suited to space-efficient on-chip integration.

    The ICs all contain a full set of hardware cyber security features including secure boot, over-the-air firmware update, and output-data protection. In addition, ST’s hardware security module (HSM) provides robust protection against online hacking. The devices comply with the latest UNECE R155 and ISO 21434 specifications that mandate cybersecurity by design.

    The Teseo VI product family is supported by an established ecosystem of suppliers and partners for algorithms, reference designs, and compatible complementary hardware.

    The Teseo VI product family includes also two new GNSS automotive modules: the Teseo-VIC6A in a 16mm x 12mm form factor (embedding Teseo VI), and the Teseo-ELE6A in a 17mm x 22mm form factor (embedding Teseo VI+). These new modules simplify the integration of Teseo VI/VI+ ICs on the customer platform and ensure optimum performance. 

    The Teseo VI samples are available on request.

    For more information, please go to www.st.com/teseo6

    You can also read our blogpost at https://blog.st.com/teseovi/

    About STMicroelectronics
    At ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 by 2027. Further information can be found at www.st.com.

    INVESTOR RELATIONS
    Jérôme Ramel
    EVP Corporate Development & Integrated External Communication
    Tel: +41.22.929.59.20
    jerome.ramel@st.com

    MEDIA RELATIONS
    Alexis Breton
    Corporate External Communications
    Tel: +33.6.59.16.79.08
    alexis.breton@st.com

    Attachments

    The MIL Network –

  • MIL-OSI: Relm Insurance and Liva Group Empower Innovation and Entrepreneurship in Web3 and AI Through Strategic Insurance Partnership

    Source: GlobeNewswire (MIL-OSI)

    • Liva and Relm focus on businesses in high-growth innovative sectors often not covered by traditional insurance products.
    • From digital asset insurance to AI-related risk management and solutions, the partnership ensures businesses operating in these industries can secure the coverage they need to thrive.
    • Partnership will initially support companies in the UAE and Bahrain, with plans to extend services to Oman, Saudi Arabia, and other key markets in MENA.

    Dubai, UAE, Feb. 26, 2025 (GLOBE NEWSWIRE) — Liva Group, a leading insurance group operating across the GCC, and Relm Insurance — the only insurer dedicated to dedicated to emerging sectors — today signed a strategic partnership aimed at empowering innovation and entrepreneurship in emerging sectors such as digital assets, biotech, and AI.

    The union will deliver tailored insurance solutions that address the unique and complex needs of tech companies.

    The partnership was formally signed by Martin Rueegg, CEO of Liva Group, and Joseph Ziolkowski, Global CEO and Founder of Relm Insurance, at DIFC AI Campus as part of DFS Dialogues. DFS Dialogues are exclusive strategic conversations that take place in invite-only gatherings in the lead-up to the Dubai FinTech Summit.

    Whether they’re start-ups or established players, firms in emerging sectors often struggle to get the right insurance due to a lack of understanding of their industries’ rapidly evolving landscape, which stifles innovation and deters investment. By combining Liva Group’s deep market knowledge with Relm’s deep expertise in specialised insurance, the partnership will provide unparalleled support to these companies, empowering them to tackle complex challenges and seize new opportunities.

    The alliance will initially support companies in the UAE and Bahrain, with plans to extend services to Oman, Saudi Arabia, and other key markets in MENA, supporting the region’s development as a leader in digital transformation, AI innovation, and blockchain technology.

    Martin Rueegg, Group CEO of Liva Group, said: “Sectors such as digital assets and AI are critical to the next phase of growth in this region. We believe that unlocking their full potential requires fostering an environment where creativity, collaboration, and innovation can thrive. At Liva, we recognise that technology is a key enabler of this transformation. By leveraging data-driven insights and digital solutions, we are not only improving customer experiences but also enhancing our ability to anticipate and respond to evolving market needs. A key aspect of this is providing entrepreneurs and investors with the confidence to embrace new challenges and explore fresh ideas. This mission is at the heart of our partnership with Relm.”

    Joseph Ziolkowski, Global CEO & Founder of Relm Insurance, added: “Our priority is to support clients and brokers by providing the insurance solutions tailored for innovative businesses in this region. This collaboration enables brokers to offer their clients the security they need to thrive in complex and dynamic sectors.”

    Operating through its Dubai-based affiliate, Relm Insurance holds a Category 4 licence issued by the Dubai Financial Services Authority (DFSA). With its new headquarters in DIFC and regulation under the Bermuda Monetary Authority, Relm is well-positioned to provide its specialised insurance solutions in the region.

    -ENDS-

    About Liva Group

    Liva is an insurance group operating across the GCC, founded on the belief that insurance is a pillar that supports both personal and professional lives. As one of the pioneering insurance players in the region, Liva’s team of 1,200 employees is dedicated to offering products and services centred on customer needs, empowering individuals, businesses, and communities to thrive. Serving more than 1.5 million customers, Liva has a strong and growing presence in the United Arab Emirates, Oman, Kingdom of Saudi Arabia, Kuwait, and Bahrain across motor, home travel, health, life, and commercial insurance, as well owning subsidiaries such as NSSPL (India) and Inayah TPA (UAE), supporting its long-term strategy to scale and diversify the business. The word “Liva” signifies “protection” or “life”, reflecting the Group’s commitment to protecting what matters most to its people, its partners, and, most of all, its customers.

    About Relm Insurance

    Relm Insurance Ltd. (Relm) is a Bermuda-domiciled specialty insurance carrier that supports emerging industries driving innovation and next-generation technologies. Launched in 2019, Relm offers a wide range of insurance products to high-growth markets, including digital assets, blockchain, AI, biotech, and the space economy. With a Financial Stability Rating of ‘A, Exceptional’ from Demotech, Relm is widely recognised for its industry expertise and solutions-driven approach, making it a trusted risk partner for businesses operating at the frontier of technological innovation.

    Media Contacts

    Sarah Abdelbary
    Brunswick Group
    sabdelbary@brunswickgroup.com

    Reannah Smith  
    Luna PR  
    reannah@lunapr.io

    The MIL Network –

  • MIL-OSI: Ataccama Recognized in BARC Data Intelligence Platform Report 2025

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 26, 2025 (GLOBE NEWSWIRE) — Ataccama, the data trust company, today announced it has been named a challenger in the 2025 BARC Data Intelligence Platform Report. The report, which evaluates leading vendors in data intelligence, highlights Ataccama’s ability to unify critical capabilities—data cataloging, lineage, governance, quality, observability, and master data management—into a seamless, all-in-one platform. Ataccama enables organizations to eliminate complexity, ensure data reliability, and drive strategic data and AI initiatives with confidence.

    “As organizations modernize their technology stacks to enhance products, services, and business models, data silos hinder access and trust across the enterprise,” said Mike McKee, CEO of Ataccama. “Ataccama ONE simplifies this complexity, allowing organizations to organize, understand, and improve their data. This is especially important in highly regulated industries like financial services and insurance, where compliance is stringent, or in sectors like manufacturing, burdened by legacy systems. By creating a unified source of truth, businesses can streamline discovery, enhance efficiency, and demonstrate the value of their data investments. Our recognition by BARC underscores our commitment to unlocking the transformative potential of high-quality data.”

    The BARC report commends Ataccama for its integrated, in-house developed platform, which allows businesses to build scalable governance frameworks and ensure trust in their data assets. With advanced features—such as metadata refinement, automated data quality checks, and intuitive self-service tools—Ataccama simplifies complex data landscapes, fosters collaboration, and reduces risks tied to data quality issues or regulatory non-compliance.

    The report evaluates capabilities like metadata refinement and automated workflows within the data intelligence domain. While these are critical components, data intelligence is a subset of the broader concept of data trust. Ataccama ONE extends beyond the scope of the BARC evaluation by offering end-to-end capabilities, including governance, lineage, observability, master data management, all supported by ONE AI for automation of data tasks to save time for data teams. This comprehensive approach helps organizations establish resilient systems that support enterprise-wide trust, compliance, and innovation.

    “Trusted, high-quality data forms the backbone of successful data-driven organizations,” said Timm Grosser, Senior Analyst for Data and Analytics at BARC. “Platforms like Ataccama ONE address the critical need for unified data governance, quality, and cataloging by integrating advanced AI and active metadata. This allows enterprises to eliminate silos, ensure regulatory compliance, and make informed decisions, positioning them for long-term success.”

    Ataccama’s recognition as a Challenger reflects its ability to meet evolving market needs with innovative solutions, while its roadmap prioritizes AI-enhanced features and self-service capabilities to further empower organizations.

    To learn more about Ataccama ONE unified data trust platform, visit https://www.ataccama.com/platform

    About Ataccama
    Ataccama enables organizations to accelerate business initiatives with high quality data they trust using Ataccama ONE, a unified data trust platform. Combining data quality, lineage, observability, governance, and master data management in a single solution, Ataccama supports hundreds of organizations around the world to increase revenue, decrease costs, and mitigate risk. Ataccama was one of only three software companies to be recognized by Gartner as a Market Leader for Augmented Data Quality in 2024. Learn more at www.ataccama.com.

    The MIL Network –