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Category: GlobeNewswire

  • MIL-OSI: GigaCloud Technology Inc to Announce Fourth Quarter and Full Year 2024 Financial Results on March 3, 2025

    Source: GlobeNewswire (MIL-OSI)

    EL MONTE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) — GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2024 after the market closes on Monday, March 3, 2025. The Company will host a conference call to discuss its financial results on the same day at 5:30 PM Eastern Time.

    To access the conference call, participants should pre-register here to receive the dial-in information and a unique PIN. All participants are encouraged to dial-in 15 minutes prior to the conference call’s start time.

    A live and archived webcast of the conference call will be accessible on the Company’s investor relations website at https://investors.gigacloudtech.com/news-events/events.

    About GigaCloud Technology Inc
    GigaCloud Technology Inc is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. GigaCloud offers a comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories, including home appliances and fitness equipment. For more information, please visit the Company’s website: https://investors.gigacloudtech.com/

    The MIL Network –

  • MIL-OSI: EverQuote Announces Fourth Quarter and Full Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    • Fourth Quarter Revenue Growth of 165% Year-Over-Year to $147.5 million
    • Fourth Quarter Variable Marketing Dollars Increases Over 110% Year-Over-Year to $44.0 million
    • Delivers Fourth Quarter Net Income of $12.3 million and Adjusted EBITDA of $18.9 million
    • Full Year Revenue Grows 74% and Variable Marketing Dollars Increases 55%, Year-Over-Year
    • Full Year Net Income Increases to $32.2 million and Generates Operating Cash Flow of $66.6 million

    CAMBRIDGE, Mass., Feb. 24, 2025 (GLOBE NEWSWIRE) — EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced financial results for the fourth quarter and full year ended December 31, 2024.

    “I am proud of our remarkable team and our financial accomplishments in 2024. We grew revenue by 74% year-over-year to cross the $500 million mark for the first time, increased Adjusted EBITDA to almost $60 million, and finished the year with over $100 million of cash on the balance sheet, and no debt,” said Jayme Mendal, CEO of EverQuote. “Over the last year, we have refocused and clarified our vision to become the leading growth partner for P&C insurance providers by efficiently delivering better performing referrals, bigger traffic scale and a broader suite of products and services. We are emerging from the auto insurance downturn with record performance, and expect to carry forward our positive momentum and profitable growth into 2025 and beyond.”

    “Our strong momentum continued through the fourth quarter, as we again exceeded guidance across all three of our primary financial metrics: total revenue, Variable Marketing Dollars or VMD, and Adjusted EBITDA. We produced a record-level of revenue and net income, as well as a record-level of Adjusted EBITDA and operating cash flow for the full year 2024,” said Joseph Sanborn, CFO of EverQuote. “As we progress through 2025, we plan to make continued strategic investments to accelerate the advancement of our technology platform to enable faster development of product enhancements and new offerings for our customers. We are excited about our ability to continue to leverage our traffic expertise, data assets and technology to support our insurance provider customers in successfully expanding their business; and in turn enable EverQuote to further scale and drive growing profitability.”

    Fourth Quarter 2024 Highlights:
    (Unless otherwise noted, all comparisons are relative to the fourth quarter of 2023).

    • Total revenue of $147.5 million, an increase of 165%.
    • Automotive insurance vertical revenue of $135.9 million, an increase of over 200%.
    • Home and renters insurance vertical revenue of $11.3 million, an increase of 15%.
    • VMD more than doubled to $44.0 million, compared to $20.7 million.
    • GAAP net income of $12.3 million, compared to a GAAP net loss of ($6.3) million.
    • Adjusted EBITDA of $18.9 million, compared to ($0.9) million.
    • Operating cash flow of $20.1 million, compared to ($0.8) million.
    • Ended the quarter with $102.1 million in cash and cash equivalents, an increase of 23% from $82.8 million at the end of the third quarter of 2024.

    Full Year 2024 Highlights:
    (Unless otherwise noted, all comparisons are relative to full year 2023 results).

    • Total revenue of $500.2 million, an increase of 74%.
    • Automotive insurance vertical revenue of $446.1 million, an increase of 96%.
    • Home and renters insurance vertical revenue of $52.0 million, an increase of 27%.
    • VMD increased 55% to $155.2 million, compared to $100.3 million.
    • GAAP net income of $32.2 million, compared to a GAAP net loss of ($51.3) million. The net loss for 2023 includes $23.6 million of restructuring and other charges related to the sale of our health insurance vertical assets and workforce reduction.
    • Adjusted EBITDA of $58.2 million, compared to $0.5 million.
    • Operating cash flow of $66.6 million, compared to ($2.8) million.

    First Quarter 2025 Outlook:

    • Revenue of $155.0 – $160.0 million, representing 73% year-over-year growth at the midpoint.
    • Variable Marketing Dollars of $44.0 – $46.0 million, representing 46% year-over-year growth at the midpoint.
    • Adjusted EBITDA of $19.0 – $21.0 million, representing 163% year-over-year growth at the midpoint.

    With respect to the Company’s expectations under “First Quarter 2025 Outlook” above, the Company has not reconciled the non-GAAP measure Adjusted EBITDA to the GAAP measure net income (loss) in this press release because the Company does not provide guidance for stock-based compensation expense, depreciation and amortization expense, restructuring and other charges, acquisition-related costs, interest income, and income taxes on a consistent basis as the Company is unable to quantify these amounts without unreasonable efforts, which would be required to include a reconciliation of Adjusted EBITDA to GAAP net income (loss). In addition, the Company believes such a reconciliation would imply a degree of precision that could be confusing or misleading to investors.

    Conference Call and Webcast Information

    EverQuote will host a conference call and live webcast to discuss its fourth quarter and full year 2024 financial results at 4:30 p.m. Eastern Time today, February 24, 2025. To access the conference call, dial Toll Free: +1 (800) 715-9871 for the US, or +1 (646) 307-1963 for international callers, and provide conference ID 4210704. The live webcast and replay will be available on the Investors section of the Company’s website at https://investors.everquote.com.

    Safe Harbor Statement

    This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and objectives of management for future operations, are forward-looking statements. These statements involve known and unknown risks, uncertainties, and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “should,” “expects,” “might,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “seek,” “would” or “continue,” or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, liquidity and results of operations. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions described in our annual report on Form 10-K, our quarterly reports on Form 10-Q and our current reports on Form 8-K as filed with the Securities and Exchange Commission (“SEC”) from time to time. Additional information will also be set forth in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2024, which will be filed with the SEC. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. While we may elect to update these forward-looking statements at some point in the future, whether as a result of any new information, future events, or otherwise, we have no current intention of doing so except to the extent required by applicable law. Some of the key factors that could cause actual results to differ include: (1) our dependence on revenue from the property and casualty insurance industries, and specifically automotive insurance, and exposure to risks related to those industries; (2) our dependence on our relationships with insurance providers with no long-term minimum financial commitments; (3) our reliance on a small number of insurance providers for a significant portion of our revenue; (4) our dependence on third-party media sources for a significant portion of visitors to our websites and marketplace; (5) our ability to attract consumers searching for insurance to our websites and marketplace through Internet search engines, display advertising, social media, content-based online advertising and other online sources; (6) any limitations restricting our ability to market to users or collect and use data derived from user activities; (7) risks related to cybersecurity incidents or other network disruptions; (8) risks related to the use of artificial intelligence; (9) our ability to develop new and enhanced products and services to attract and retain consumers and insurance providers, and to successfully monetize them; (10) the impact of competition in our industry and innovation by our competitors; (11) our ability to hire and retain necessary qualified employees to expand our operations; (12) our ability to stay abreast of and comply with new or modified laws and regulations that currently apply or become applicable to our business, including with respect to the insurance industry, telemarketing restrictions and data privacy requirements; (13) our ability to protect our intellectual property rights and maintain and build our brand; (14) our future financial performance, including our expectations regarding our revenue, cost of revenue, variable marketing dollars, operating expenses, cash flows and ability to achieve, and maintain, future profitability; (15) our ability to properly collect, process, store, share, disclose and use consumer information and other data; and (16) the future trading prices of our Class A common stock.

    About EverQuote

    EverQuote operates a leading online marketplace for insurance shopping, connecting consumers with insurance provider customers, which includes both carriers and agents. Our vision is to be the leading growth partner for property and casualty, or P&C, insurance providers. Our results-driven marketplace, powered by our proprietary data and technology platform, is improving the way insurance providers attract and connect with consumers shopping for insurance.

    For more information, visit https://investors.everquote.com and follow on LinkedIn.

    Investor Relations Contact

    Brinlea Johnson
    The Blueshirt Group
    (415) 489-2193

     
    EVERQUOTE, INC.
    STATEMENTS OF OPERATIONS
     
        Three Months Ended
    December 31,    		     Year Ended December
    31,    		  
        2024     2023     2024     2023  
        (in thousands except per share)  
    Revenue   $ 147,455     $ 55,705     $ 500,190     $ 287,921  
    Cost and operating expenses(1):                                
    Cost of revenue     5,420       4,988       20,922       22,455  
    Sales and marketing     114,209       44,594       387,700       240,131  
    Research and development     7,640       5,944       29,553       27,591  
    General and administrative     8,159       6,962       30,264       26,301  
    Restructuring and other charges     —       (21 )     —       23,568  
    Acquisition-related costs     —       —       —       (150 )
    Total cost and operating expenses     135,428       62,467       468,439       339,896  
    Income (loss) from operations     12,027       (6,762 )     31,751       (51,975 )
    Other income:                                
    Interest income     683       382       2,079       1,251  
    Other income, net   24       9     178     14  
    Total other income, net     707       391       2,257       1,265  
    Income (loss) before income taxes     12,734       (6,371 )     34,008       (50,710 )
    Income tax (expense) benefit     (428 )     23       (1,839 )     (577 )
    Net income (loss)   $ 12,306     $ (6,348 )   $ 32,169     $ (51,287 )
    Net income (loss) per share:                                
    Basic   $ 0.35     $ (0.19 )   $ 0.92     $ (1.54 )
    Diluted   $ 0.33     $ (0.19 )   $ 0.88     $ (1.54 )
    Weighted average common shares
        outstanding, basic and diluted    		                                
    Basic     35,490       33,954       35,007       33,350  
    Diluted     37,051       33,954       36,646       33,350  
                                     
    (1) Amounts include stock-based compensation expense, as follows:                          
        Three Months Ended
    December 31,    		     Year Ended December
    31,    		  
        2024     2023     2024     2023  
        (in thousands)  
    Cost of revenue   $ 53     $ 49     $ 182     $ 219  
    Sales and marketing     1,713       1,906       6,796       8,667  
    Research and development     1,422       1,574       5,502       8,053  
    General and administrative     2,122       1,284       8,134       5,869  
    Restructuring and other charges     —       —       —       1,288  
        $ 5,310     $ 4,813     $ 20,614     $ 24,096  
     
     
    EVERQUOTE, INC.
    BALANCE SHEET DATA
     
        December 31,  
        2024     2023  
        (in thousands)  
    Cash and cash equivalents   $ 102,116     $ 37,956  
    Working capital     99,131       39,293  
    Total assets     210,530       110,925  
    Total liabilities     75,162       30,018  
    Total stockholders’ equity     135,368       80,907  
     
     
    EVERQUOTE, INC.
    STATEMENTS OF CASH FLOWS
     
        Three Months Ended
    December 31,    		     Year Ended December
    31,    		  
        2024     2023     2024     2023  
        (in thousands)  
    Cash flows from operating activities:                                
    Net income (loss)   $ 12,306     $ (6,348 )   $ 32,169     $ (51,287 )
    Adjustments to reconcile net income (loss) to net cash provided by
       (used in) operating activities:    		                                
    Depreciation and amortization     1,555       1,075       5,672       6,196  
    Stock-based compensation expense     5,310       4,813       20,614       24,096  
    Loss on sale of health assets     —       —       —       19,388  
    Impairment of right-of-use asset     —       —       —       384  
    Change in fair value of contingent consideration
       liabilities    		     —       —       —       (150 )
    Provision for (recovery of) bad debt     (3 )     18       13       204  
    Unrealized foreign currency transaction (gains) losses     (82 )     22       (26 )     21  
    Changes in operating assets and liabilities:                                
    Accounts receivable     (13,099 )     952       (40,178 )     8,219  
    Prepaid expenses and other current assets     128       (1,675 )     440       962  
    Commissions receivable, current and non-current     1,158       1,565       4,880       4,176  
    Operating lease right-of-use assets     371       491       2,213       2,497  
    Other assets     —       385       (291 )     421  
    Accounts payable     12,961       (3,382 )     42,664       (13,411 )
    Accrued expenses and other current liabilities     (73 )     1,979       1,040       (1,543 )
    Deferred revenue     (14 )     (29 )     (107 )     5  
    Operating lease liabilities     (384 )     (658 )     (2,537 )     (3,006 )
    Net cash provided by (used in) operating activities     20,134       (792 )     66,566       (2,828 )
    Cash flows from investing activities:                                
    Acquisition of property and equipment, including costs
        capitalized for development of internal-use software    		     (1,003 )     (852 )     (4,114 )     (3,840 )
    Proceeds from sale of health assets     —       —       —       13,194  
    Net cash provided by (used in) investing activities     (1,003 )     (852 )     (4,114 )     9,354  
    Cash flows from financing activities:                                
    Proceeds from exercise of stock options     651       639       3,553       979  
    Tax withholding payments related to net share settlement     (496 )     (103 )     (1,846 )     (402 )
    Net cash provided by financing activities     155       536       1,707       577  
    Effect of exchange rate changes on cash,
        cash equivalents and restricted cash    		     (11 )     15       1       18  
    Net increase (decrease) in cash, cash equivalents and
       restricted cash    		     19,275       (1,093 )     64,160       7,121  
    Cash, cash equivalents and restricted cash at beginning
       of period    		     82,841       39,049       37,956       30,835  
    Cash, cash equivalents and restricted cash at end
       of period    		   $ 102,116     $ 37,956     $ 102,116     $ 37,956  
     
     
    EVERQUOTE, INC.
    FINANCIAL AND OPERATING METRICS
    Revenue by vertical:
        Three Months Ended
    December 31,    		     Change  
        2024     2023     %  
        (in thousands)          
    Automotive   $ 135,930     $ 44,985       202.2 %
    Home and Renters     11,298       9,821       15.0 %
    Other     227       899       -74.7 %
    Total Revenue   $ 147,455     $ 55,705       164.7 %
        Year Ended December 31,     Change  
        2024     2023     %  
        (in thousands)          
    Automotive   $ 446,095     $ 227,505       96.1 %
    Home and Renters     52,013       40,889       27.2 %
    Other     2,082       19,527       -89.3 %
    Total Revenue   $ 500,190     $ 287,921       73.7 %
                             
    Other financial and non-financial metrics:
        Three Months Ended
    December 31,    		     Change  
        2024     2023     %  
        (in thousands)          
    Income (loss) from operations   $ 12,027     $ (6,762 )     -277.9 %
    Net income (loss)   $ 12,306     $ (6,348 )     -293.9 %
    Variable marketing dollars   $ 44,023     $ 20,668       113.0 %
    Adjusted EBITDA(1)   $ 18,916     $ (886 )   NM  
        Year Ended December 31,     Change  
        2024     2023     %  
        (in thousands)          
    Income (loss) from operations   $ 31,751     $ (51,975 )     -161.1 %
    Net income (loss)   $ 32,169     $ (51,287 )     -162.7 %
    Variable marketing dollars   $ 155,227     $ 100,282       54.8 %
    Adjusted EBITDA(1)   $ 58,215     $ 461     NM  
     
    (1 ) Adjusted EBITDA is a non-GAAP measure. Please see “EverQuote, Inc. Reconciliation of Non-GAAP Measures to GAAP” below for more information.
         

    To supplement the Company’s financial statements presented in accordance with GAAP and to provide investors with additional information regarding EverQuote’s financial results, the Company has presented Adjusted EBITDA as a non-GAAP financial measure. This non-GAAP financial measure is not based on any standardized methodology prescribed by GAAP and is not necessarily comparable to similarly titled measures presented by other companies.

    The Company defines Adjusted EBITDA as net income (loss), excluding the impact of stock-based compensation expense; depreciation and amortization expense; restructuring and other charges; acquisition-related costs; interest income; and income taxes. The most directly comparable GAAP measure is net income (loss). The Company monitors and presents Adjusted EBITDA because it is a key measure used by management and the board of directors to understand and evaluate operating performance, to establish budgets and to develop operational goals for managing EverQuote’s business. In particular, the Company believes that excluding the impact of these items in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of EverQuote’s core operating performance.

    The Company uses Adjusted EBITDA to evaluate EverQuote’s operating performance and trends and make planning decisions. The Company believes that this non-GAAP financial measure helps identify underlying trends in EverQuote’s business that could otherwise be masked by the effect of the items that the Company excludes in the calculations of Adjusted EBITDA. Accordingly, the Company believes that this financial measure provides useful information to investors and others in understanding and evaluating EverQuote’s operating results, enhancing the overall understanding of the Company’s past performance and future prospects.

    The Company’s non-GAAP financial measures are not prepared in accordance with GAAP and should not be considered in isolation of, or as an alternative to, measures prepared in accordance with GAAP. There are a number of limitations related to the use of Adjusted EBITDA rather than net income (loss), which is the most directly comparable financial measure calculated and presented in accordance with GAAP. In addition, other companies may use other measures to evaluate their performance, which could reduce the usefulness of the Company’s non-GAAP financial measures as tools for comparison.

    The following table reconciles Adjusted EBITDA to net income (loss), the most directly comparable financial measure calculated and presented in accordance with GAAP.

     
    EVERQUOTE, INC.
    RECONCILIATION OF NON-GAAP MEASURES TO GAAP
     
        Three Months Ended
    December 31,    		     Year Ended December
    31,    		  
        2024     2023     2024     2023  
        (in thousands)  
    Net income (loss)   $ 12,306     $ (6,348 )   $ 32,169     $ (51,287 )
    Stock-based compensation     5,310       4,813       20,614       22,808  
    Depreciation and amortization     1,555       1,075       5,672       6,196  
    Restructuring and other charges     —       (21 )     —       23,568  
    Acquisition-related costs     —       —       —       (150 )
    Interest income     (683 )     (382 )     (2,079 )     (1,251 )
    Income taxes     428       (23 )     1,839       577  
    Adjusted EBITDA   $ 18,916     $ (886 )   $ 58,215     $ 461  

    The MIL Network –

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 24.02.2025

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    24 February 2025 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 24.02.2025

    Espoo, Finland – On 24 February 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,317,492 4.75
    CEUX – –
    BATE – –
    AQEU – –
    TQEX – –
    Total 1,317,492 4.75

    * Rounded to two decimals

    On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.

    Total cost of transactions executed on 24 February 2025 was EUR 6,260,063. After the disclosed transactions, Nokia Corporation holds 257,147,700 treasury shares.

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

    On behalf of Nokia Corporation

    BofA Securities Europe SA

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

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

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

    Inquiries:

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

    Nokia Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-OSI: CORRECTION — Intchains Group Limited to Report Unaudited Fourth Quarter and Full Year 2024 Financial Results on Thursday, February 27, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, Feb. 24, 2025 (GLOBE NEWSWIRE) — Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a provider of integrated solutions consisting of efficient mining products for altcoins, and on acquiring and holding ETH-based cryptocurrencies as its long-term asset reserve to support its Web3 industry development initiatives including actively developing Web3-based applications, today announced it will release its unaudited financial results for the fourth quarter and full year of 2024 ended December 31, 2024.

    Conference Call Information

    The Company’s management team will host an earnings conference call to discuss its financial results at 8:00 PM U.S. Eastern Time on February 27, 2025 (9:00 AM Beijing Time on February 28, 2025). Details for the conference call are as follows:

    All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of dial-in numbers and a personal access PIN, which will be used to join the conference call.

    Additionally, a live and archived webcast of the conference call will also be available at the Company’s website at https://intchains.com/.

    About Intchains Group Limited

    Intchains Group Limited is an innovative altcoins development company that primarily focuses on providing integrated solutions consisting of mining products for altcoins, and on acquiring and holding ETH-based cryptocurrencies as its long-term asset reserve to support its Web3 industry development initiatives including actively developing Web3-based applications. For more information, please visit the Company’s website at: https://intchains.com/.

    For investor and media inquiries, please contact:

    Intchains Group Limited

    Investor relations
    Email: ir@intchains.com

    Redhill

    Belinda Chan
    Tel: +852-9379-3045
    Email: belinda.chan@creativegp.com

    The MIL Network –

  • MIL-OSI: Redwood Services Announces 17th Partnership with Indiana-Based Hope Plumbing

    Source: GlobeNewswire (MIL-OSI)

    MEMPHIS, Tenn., Feb. 24, 2025 (GLOBE NEWSWIRE) — Redwood Services (“Redwood”), an established home services firm focused on investing in leading HVAC, plumbing, and electrical services companies in growing U.S. markets, announced that it has partnered with Hope Plumbing. This partnership marks Redwood’s seventeenth platform investment, highlighting the company’s ongoing growth and commitment to expansion.

    Hope Plumbing, based in Indianapolis, has built a loyal customer base by providing quality service since 2007. The company has experienced remarkable growth in recent years, doubling revenue and achieving substantial bottom-line results. With an established and capable management team in place to sustain current operations and implement plans for further infrastructure development, Redwood is looking forward to supporting even further growth for the Indiana area.

    “Redwood and Hope Plumbing share many core values, such as delivering exceptional services to customers and cultivating a growth-driven culture,” said Richard Lewis, CEO of Redwood Services. “We are excited to be part of Hope Plumbing’s continued growth and to support this impressive management team.”

    “Hope Plumbing has experienced tremendous growth over the years, and we are ready to build on that momentum to ensure we reach our potential,” said Jack Hope, Co-President of Hope Plumbing. “Under the guidance of Redwood’s leadership and support, our partnership will help us continue to perfect our craft and exceed customer expectations.”

    Hope Plumbing is one of the most recognized home service brands in Indianapolis and has more than doubled in size since 2021. With over 5,000 Google reviews and an average rating of 4.9, the Hope team also has a history of delivering exceptional customer service.

    Owners Jack Hope and Brad Persic will retain a significant minority ownership stake as part of the investment. The Hope Plumbing team will continue to operate and manage the business under its banner and name, while Redwood will offer operational, strategic, and financial support to enhance the company’s growth.

    About Redwood Services
    Founded in 2020 and headquartered in Memphis, Redwood Services is a nationwide people-focused platform dedicated to empowering elite contractors in the essential home services industry. Redwood provides world-class resources, coaching, and strategic partnerships to 17 leading companies across the United States, enabling its partners to deliver exceptional HVAC, plumbing, and electrical services to residential customers. Redwood’s mission is to unleash the full potential of its partners, supporting them in providing high-quality service and building lasting relationships with customers. For more information, visit www.redwoodservices.com.

    From left to right: Raj Midha, David Katz, Adam Hanover, Richard Lewis, Jack Hope, Sue Reas, Brad Persic, Scott Brinkley, John Conway, Sandra Koblas, Shaun Hardick

    A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/21b6289b-ba25-4095-ae52-da2e4a11287e

    The MIL Network –

  • MIL-OSI: Bybit Web3 Launches Largest SpaceS Airdrop to Date: 45 Million Web3 Points With Mantle and Pengu

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 24, 2025 (GLOBE NEWSWIRE) — SpaceS, Bybit Web3‘s innovative Telegram game bot, is launching its largest airdrop campaign to date, offering 45 million Bybit Web3 Points to celebrate a community of over 3 million players. Running until March 10 and exclusively available to SpaceS Points holders, this initiative marks the first-ever distribution of Web3 Points – a utility token with tangible financial value that unlocks new engagement opportunities.

    While the familiar FarmX mechanics remain unchanged, rewards will now be delivered as Web3 Points directly to users’ wallets. Once received, every 1,000 Web3 Points earns one raffle entry, which can be redeemed via the campaign website for a chance to win exclusive prizes. This means any Telegram user can seamlessly create a Web3 Ton wallet on Bybit, and stand a chance to earn crypto tokens, such as MNT, PENGU, as well as NFTs through a raffle, simplifying their crypto journey.

    Bybit Web3 Points serve as a dynamic reward system, enabling participation in lucky draws featuring tokens such as MNT and Pengu. Previous campaigns rewarded holders with exclusive NFTs, and future rewards are already in the pipeline. This airdrop is designed to seamlessly integrate the TON ecosystem with the Bybit Web3 ecosystem – users simply need a Bybit Wallet to earn and redeem their points. 

    To further support the transition from Web2 to Web3, Bybit has introduced the Bybit TG Mini Wallet, fully integrated with SpaceS. This new tool simplifies onboarding for newcomers and reinforces Bybit’s mission to bridge the gap between traditional and decentralized platforms.

    FarmX Airdrop Success and Enhanced Opportunities
    Building on the success of earlier FarmX Airdrop campaigns – which distributed over $150,000 in rewards (including PinEye, Flock, ANIME, and USDT) to more than 80,000 participants – this latest campaign features an increased reward pool and broader participation. Participants can redeem their Web3 Points for lucky draw entries either through the dedicated landing page on Bybit Web3’s website or via the Discover section in the Bybit App. With a prize pool of 100,000 $MNT and 10,000,000 $PENGU, each draw could yield up to 100 MNT or 10,000 PENGU. 

    Bybit’s Vision for Web3 Gaming
    “Our largest airdrop yet underscores our commitment to continuous innovation and enhanced utility for our community,” said Emily Bao, Head of Spot and Web3 at Bybit. “By introducing Web3 Points – tokens with clear, tangible financial value – we are setting a new benchmark in rewards and engagement in the Web3 space.”

    With the ongoing success of SpaceS and the expansion of its airdrop campaigns, Bybit is solidifying its leadership in Web3 gaming and rewards by delivering immersive experiences and strengthening its decentralized ecosystem. 

    More information about Bybit Web3 Points is available on the website. 

    #Bybit / #TheCryptoArk / #BybitWeb3

    About Bybit Web3
    Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

    Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

    Exploring the possibilities of Web3 future with Bybit.

    For more details about Bybit Web3, users can visit Bybit Web3.

    About Bybit
    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

    For more details about Bybit, please visit Bybit Press
    For media inquiries, please contact: media@bybit.com
    For updates, please follow: Bybit’s Communities and Social Media

    Contact

    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com

    The MIL Network –

  • MIL-OSI: SOLVE Tapped to Become Exclusive Pricing Transparency Provider for Entegra

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Feb. 24, 2025 (GLOBE NEWSWIRE) — SOLVE, the premier provider of price transparency data for fixed income securities markets, has been selected by Entegra—an innovator in Trading as a Service (TaaS)—to revolutionize how Securitized Products are traded. By integrating SOLVE’s best-in-class data with Entegra’s cutting-edge proprietary models, the partnership is set to bring unprecedented clarity and efficiency to market participants.

    Entegra, a revolutionary venture led by Daniel Ezra, former head of SP Trading at Credit Suisse, leverages decades of expertise and state-of-the-art analytics to reshape trading in Securitized Products. Entegra analysts will now be armed with data from SOLVE, enabling arrangers and underwriters to offer their banking clients a market-making service throughout the life cycle of their deals at no additional cost to the banking client. Entegra and SOLVE would work in tandem to seamlessly integrate into the arranger’s banking mandate offering.

    “We’re excited to provide our data to Entegra and arm their traders with the real-time pricing information they need to stay ahead of the Securitized Products market,” said SOLVE co-founder and CEO Eugene Grinberg. “From the day we started our business, our goal has been to empower market participants to make confident, data-driven decisions by enhancing price transparency for both buy and sell side participants and working with Entegra allows us to continue serving that mission.”

    Entegra’s traders will have direct access to SOLVE’s flagship SOLVE Quotes™, a platform that leverages Natural Language Processing and Machine Learning to deliver over 20 million daily quotes across more than 1,250,000 securities. This integration ensures that Entegra’s sophisticated models are supported by the most accurate and timely data available, empowering traders with deep insights into individual securities and broader market trends.

    “At Entegra, technology meets human expertise. Our TaaS platform is built on the belief that the best trading decisions emerge from the synergy of advanced data analytics and experienced traders,” said Daniel Ezra, Entegra CEO. “With SOLVE’s unparalleled data quality, our systems and teams are better equipped to help our clients make credible and actionable markets as well as execute the right trades. When banks start competing on service, not price, everyone wins.”

    For more information about SOLVE, please visit solvefixedincome.com. To learn more about Entegra, please visit entegra-global.com.

    About SOLVE
    SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows.  With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in New York, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets. For more information, visit https://solvefixedincome.com.

    CONTACT
    Jake Katz
    OUTVOX
    jkatz@outvox.com

    The MIL Network –

  • MIL-OSI: Alectra Inc. employees surpass fundraising goal, raising more than $27,000 for Coldest Night of the Year

    Source: GlobeNewswire (MIL-OSI)

    MISSISSAUGA, Ontario, Feb. 24, 2025 (GLOBE NEWSWIRE) — Alectra employees once again stepped up to support their communities, raising $27,278 for Coldest Night of the Year (CNOY), a national initiative aimed at helping people experiencing homelessness, hunger and hardship.

    More than 100 Alectra employees braved the winter temperatures, joining thousands of Canadians in walking to raise funds for local organizations that provide vital services to those in need. This year, Alectra employees joined 10 teams across Alectra’s service territory including St. Catharines, Brampton, Guelph, Hamilton, Markham, Mississauga, Richmond Hill and Vaughan.

    “Alectra employees continue to embody the spirit of community and their dedication to supporting Coldest Night of the Year annually is commendable,” said Brian Bentz, President and Chief Executive Officer, Alectra Inc. “By coming together to walk and raise funds, through our AlectraCARES Community Support Program, we are increasing awareness for individuals facing homelessness by supporting grassroots organizations in our communities.”

    Since 2018, Alectra has been supporting the Coldest Night of the Year and has donated over $55,000 through employee participation. To learn more about Alectra’s community support, visit: alectra.com/about-community-support.

    About Alectra Inc. Family of Companies

    Serving more than one million homes and businesses in Ontario’s Greater Golden Horseshoe area, Alectra Utilities is now the largest municipally-owned electric utility in Canada, based on the total number of customers served. We contribute to the economic growth and vibrancy of the 17 communities we serve by investing in essential energy infrastructure, delivering a safe and reliable supply of electricity, and providing innovative energy solutions.

    Twitter: https://twitter.com/alectranews
    Facebook: https://www.facebook.com/alectranews/
    Instagram: https://www.instagram.com/alectranews/?hl=en
    LinkedIn: https://www.linkedin.com/company/16178435/admin/
    Bluesky: https://bsky.app/profile/alectranews.bsky.social
    YouTube: https://www.youtube.com/alectranews

    Media Contact:

    Ashley Trgachef, Media Spokesperson
    ashley.trgachef@alectrautilities.com | Telephone: 416.402.5469 | 24/7 Media Line: 1.833.MEDIA-LN

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55268d96-eb69-45b8-87c9-a0c916174907

    The MIL Network –

  • MIL-OSI: CPS to Host Conference Call on Fourth Quarter 2024 Earnings

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Nevada, Feb. 24, 2025 (GLOBE NEWSWIRE) — Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Wednesday, February 26, 2025 at 1:00 p.m. ET to discuss its fourth quarter 2024 operating results.

    Those wishing to participate can pre-register for the conference call at the following link https://register.vevent.com/register/BI34e818cf84a24e118241657af74dd2d4. Registered participants will receive an email containing conference call details for dial-in options. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the schedule start time. A replay will be available beginning two hours after conclusion of the call for 12 months via the Company’s website at https://ir.consumerportfolio.com/investor-relations.

    About Consumer Portfolio Services, Inc.

    Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives.

    Investor Relations Contact

    Danny Bharwani, Chief Financial Officer

    949-753-6811

    The MIL Network –

  • MIL-OSI: WTW Announces Regular Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 24, 2025 (GLOBE NEWSWIRE) — WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, announced that its Board of Directors approved a regular quarterly cash dividend of $0.92 per common share for the quarter ended December 31, 2024. This represents a 5% increase to the prior quarter’s dividend. The dividend is payable on or about April 15, 2025 to shareholders of record at the close of business on March 31, 2025.

    About WTW
    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

    Learn more at wtwco.com.

    CONTACT

    INVESTORS
    Claudia De La Hoz | claudia.delahoz@wtwco.com

    The MIL Network –

  • MIL-OSI: Alpha Sigma Capital Research Publishes New Report on XNET Mobile (XNET) and the Future of Decentralized Wireless (DeWi)

    Source: GlobeNewswire (MIL-OSI)

    Tampa, FL, Feb. 24, 2025 (GLOBE NEWSWIRE) — Alpha Sigma Capital Research has released an in-depth report on XNET Mobile (XNET), a pioneering force in the decentralized wireless (DeWi) industry. As mobile data consumption continues to surge, traditional mobile network operators (MNOs) and mobile virtual network operators (MVNOs) face increasing challenges in scaling their infrastructure efficiently. XNET is addressing this critical industry need with an innovative blockchain-powered solution that enhances network capacity while reducing reliance on costly physical infrastructure.

    Key Highlights from the Report:

    • Seamless Connectivity: XNET enables over 150 million mobile devices to connect automatically, leveraging blockchain-based incentives and carrier-grade hardware.
    • Scalable Data Offloading: Provides a cost-effective solution for MNOs and MVNOs to offload data through carrier-grade WiFi and LTE/5G interconnects.
    • Strategic Partnerships: Direct partnership with AT&T exemplifies XNET’s ability to integrate with traditional MNOs and enhance network scalability.
    • Decentralized Network Expansion: Uses WiFi 6+ and Citizens Broadband Radio Service (CBRS) networks to enhance connectivity in underserved and high-traffic areas.
    • Blockchain-Powered Model: Operates on Solana, allowing communities and entrepreneurs to build network infrastructure while earning tokenized incentives.
    • Industry Disruption: XNET’s approach challenges traditional mobile infrastructure models, providing a sustainable and decentralized alternative.

    Despite liquidity challenges in the broader Decentralized Physical Infrastructure Networks (DePIN) sector, which have impacted the performance of the $XNET token, XNET remains uniquely positioned for long-term growth.
    “The mobile wireless industry has remained relatively unchanged for decades, and XNET is bringing a much-needed shift in how connectivity is built and managed,” said Enzo Villani, CEO, at Alpha Sigma Capital. “By utilizing blockchain technology and a decentralized model, XNET is providing a sustainable solution to meet the growing demand for high-speed, reliable mobile connectivity.”

    To read the full research report, visit [LINK].

    Stay connected with ASC Research on Substack. Subscribe at Alpha Sigma Capital Research | Substack.

    About Alpha Transform Holdings
    Alpha Transform Holdings (ATH) is a leading digital asset investment firm, combining strategic advisory, research, and capital investment to drive innovation in Web3 and blockchain.

    About Alpha Sigma Capital Research
    Active Investing in the Blockchain Economy.™

    Alpha Sigma Capital Research is provided by Alpha Sigma Capital Advisors, LLC, the Investment Manager for the Alpha Blockchain/Web3 Fund and Alpha Liquid Fund.  Alpha Sigma Capital (ASC) investment funds are focused on emerging blockchain companies that are successfully building their user-base, demonstrating real-world uses for their decentralized ecosystems, and moving blockchain technology towards mass-adoption. ASC is focused on companies leveraging blockchain technology to provide value-add in areas such as fintech, AI, supply chain, and healthcare. Apply to receive research at www.alphasigma.fund/research.

    DISCLAIMER
    This is for informational use only. This is not investment advice. Other than disclosures relating to Alpha Transform Holdings (ATH) and Alpha Sigma Capital (ASC) this information is based on current public information that we consider reliable, but we do not represent it as accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our information as appropriate.

    Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this press release.

    The information on which the information is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, the company website, the company white paper, pitchbook, and any other sources. While Alpha Sigma Capital has obtained data, statistics, and information from sources it believes to be reliable, Alpha Sigma Capital does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.
    Unless otherwise provided in a separate agreement, Alpha Sigma Capital does not represent that the contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Alpha Sigma Capital and its officers, directors, and employees shall not be responsible or liable for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.

    Crypto and/or digital currencies involve substantial risk, are speculative in nature, and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.

    The MIL Network –

  • MIL-OSI: BsvCloud Announces 2025 Cloud Mining Plans to Help Beginners Mine Bitcoin Easily

    Source: GlobeNewswire (MIL-OSI)

    UXBRIDGE, United Kingdom, Feb. 24, 2025 (GLOBE NEWSWIRE) — As Bitcoin continues to dominate the cryptocurrency world, BsvCloud, a trusted leader in cloud mining solutions, announces its new 2025 mining plans tailored to help beginners mine Bitcoin easily. Since its founding in 2017, BsvCloud has empowered over 500,000 users globally, and now it’s breaking down barriers with user-friendly, secure, and innovative cloud mining packages designed to simplify Bitcoin mining for newcomers.

    Making Bitcoin Mining Easy for Beginners in 2025

    With Bitcoin’s popularity soaring in 2025, many beginners are eager to join the mining craze but often face complex hardware setups and technical challenges. BsvCloud’s new cloud mining plans eliminate these hurdles, offering a straightforward way for novices to start mining Bitcoin. Backed by cutting-edge technology, these plans make the process accessible, letting anyone dip their toes into the world of cryptocurrency with confidence.

    Key Features of BsvCloud’s New Cloud Mining Plans

    • Beginner-Friendly Options: Start with simple, affordable plans crafted for those new to Bitcoin mining.
    • Higher Profitability: Optimized contracts ensure returns exceed industry benchmarks.
    • Advanced Tech: Powered by renewable energy and AI-driven hardware, BsvCloud maximizes efficiency.
    • Unmatched Security: Multi-layer encryption and offline storage safeguard your assets.
    • 24/7 Support: A friendly team is available anytime to assist beginners every step of the way.

    How to Start Mining Bitcoin with BsvCloud
    Getting into Bitcoin mining has never been easier:

    1. Sign Up: Register at bsvcloud.com and claim a $15 signup bonus in minutes.
    2. Select a Plan: Pick a cloud mining package that fits your budget and goals.
    3. Start Mining: Launch your operation instantly—no hardware or expertise needed.
    4. Track Earnings: Monitor daily profits on a user-friendly dashboard, with withdrawals in under 5 minutes.

    Why BsvCloud Stands Out for Beginners

    Traditional Bitcoin mining can intimidate newcomers with its costly equipment and steep learning curve. BsvCloud changes that by leveraging green energy and smart automation to simplify the process.

    “We’re here to help beginners mine Bitcoin without the stress,” said Thomas Simatos, CEO of BsvCloud. “Our 2025 plans are all about ease and accessibility, backed by reliable technology.” Users like Sarah from London agree: “I signed up in minutes and started mining Bitcoin without any stress—BsvCloud makes it so easy!”

    Get Started with Bitcoin Mining Today

    BsvCloud’s new cloud mining plans are live now, ready to help beginners explore Bitcoin mining in 2025. Visit bsvcloud.com to learn more and take your first step into the crypto world with ease.

    About BsvCloud

    Founded in 2017, BsvCloud is a global leader in cloud mining, serving over 500,000 users across 100+ countries. Based in Uxbridge, UK, the company uses renewable energy and AI technology to make Bitcoin mining sustainable and beginner-friendly. With a focus on transparency and simplicity, BsvCloud is committed to opening up cryptocurrency mining to everyone.

    Contact Details

    Disclaimer: This press release is provided by BsvCloud. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f481c7cd-44bd-49d8-9964-2b42ac9aee96

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a29ccc22-1d4f-4f56-887f-df6c491b90f5

    The MIL Network –

  • MIL-OSI: Rhino Federated Computing and Flower Labs partner to accelerate Federated Learning adoption across industries

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 24, 2025 (GLOBE NEWSWIRE) — Rhino Federated Computing, the global leader in enterprise Federated Computing platforms, announced today a partnership with Flower, the world’s most popular open-source Federated Learning (FL) framework and Decentralized AI developer community. This partnership enables organizations from all industries to seamlessly benefit from the rapidly growing Flower ecosystem via Rhino Federated Computing Platform (FCP), unlocking unparalleled ease of deployment, security, and scalability.

    Developer-Friendly Federated AI with Flower Labs

    Flower has long been celebrated for its unmatched ease-of-use, large-active developer community and industry-firsts like FlowerLLM. The Flower framework simplifies the building of FL systems due to its:

    • Diverse ML Framework and Tool Compatibility: Flower seamlessly works with TensorFlow, PyTorch, XGBoost, MLX, JAX, and many more ML tools which simplifies adoption by existing AI teams, and the integration effort even for organizations employing diverse AI/ML toolchains.
    • Best-in-Class PETs Support: Flower offers AI developers a rich set of privacy-enhanced technologies (PETs) including many varieties of differential privacy, secure aggregation, homomorphic encryption to name a few, that are optimized under Flower for a wide range of ML hardware platforms.
    • Scalable and Customizable to Enterprise Environments: The underlying Flower architecture is built for high-performance with large-scale production environments in mind; the framework also offers out-of-the-box flexibility to support custom enterprise requirements such as aggregation and learning algorithms, user authentication, networking protocols and data formats.

    By integrating Flower Labs’ framework into Rhino FCP, organizations can now leverage the framework’s unique benefits while operating within a platform designed for enterprise environments.

    Rhino FCP: Enterprise Federated Computing

    Rhino Federated Computing Platform (FCP) is a scalable, secure, and production-grade federated computing solution designed to orchestrate both site-specific and federated workflows without requiring data transfer. It supports multi-cloud and hybrid enabling enterprises to unlock proprietary data for AI and analytics. Rhino differentiates with:

    • Enterprise-Grade Orchestration & Security – Provides centralized management with decentralized execution, ensuring encryption, role-based access control (RBAC), and audit logging to meet regulatory requirements such as HIPAA, GDPR, ISO 27001, and SOC 2 Type II; Rhino has passed security reviews with numerous large, rigorous organizations across regulated industries.
    • Scalable & Infrastructure-Agnostic – Enables distributed computing across multi-cloud and on-prem environments, minimizing operational complexity while optimizing performance. Available in multiple cloud marketplaces.
    • Seamless Integration with Data & AI Ecosystems – Supports leading federated learning frameworks, and integrates a wide range of software for pre-processing, data harmonization and viewing model training, analytics, AI workflows and storage.
    • Privacy-Preserving AI & Federated Analytics – Supports technologies like tokenization, differential privacy, homomorphic encryption and privacy preserving federated analytics / statistics to extract insights without exposing sensitive data.

    With Rhino FCP, enterprises can rapidly deploy, scale, and operationalize federated AI while maintaining full control over security, compliance, and data governance.

    Democratizing Federated Learning Across Industries

    Combining the rich ecosystem of Flower with the enterprise-hardened capabilities of Rhino FCP, opens doors for enterprises to rapidly adopt Federated Learning without compromising on security or operational efficiency. From healthcare and pharmaceuticals to finance, manufacturing, and retail, organizations can now adopt cutting-edge AI techniques with ease, unlocking insights from distributed data while protecting sensitive information.

    “Rhino is proud to offer the world’s leading enterprise-hardened Federated Computing Platform,” said Rhino co-founder & CEO, Dr. Ittai Dayan, “Adding Flower’s framework to Rhino FCP will broaden the network of people able to collaborate, bringing massive value to all participants.”

    “Flower is on a mission to make federated AI the new default,” said Flower Labs Co-Founder & CEO, Daniel J. Beutel, “Bringing Flower compatibility to Rhino FCP will enable more enterprises to benefit from and contribute back to the large and growing Flower ecosystem.”

    About Rhino Federated Computing

    Rhino’s Federated Computing Platform (Rhino FCP) unites siloed data with edge computing and federated learning, empowering enterprises to accelerate data strategies and to expand AI partnerships & use cases. Visit https://www.rhinofcp.com/ to learn more.

    About Flower Labs

    Flower (https://flower.ai) enables organizations and companies to train better AI models by safely leveraging distributed data. The Flower open-source framework and eco-system is the de-facto standard for federated AI in both research and production around the world. It offers a unified approach to decentralized forms of learning, analytics, and evaluation; with a focus on an easy-to-use AI developer experience. To learn more about Flower visit https://flower.ai/

    The MIL Network –

  • MIL-OSI: The Apache Software Foundation Announces Apache Ignite® 3.0

    Source: GlobeNewswire (MIL-OSI)

    Wilmington, DE, Feb. 24, 2025 (GLOBE NEWSWIRE) — The Apache Software Foundation (ASF), the all-volunteer developers, stewards, and incubators of more than 320 active open source projects and initiatives, today announced Apache Ignite® 3.0. Ignite, a distributed database for high-performance applications with in-memory speed. 

    “Ignite 3.0 delivers significant improvements to enhance developer experience, platform resilience, and overall performance,” said Pavel Tupitsyn, Apache Ignite PMC member and maintainer of the .NET module. “It is now easier than ever for users – both new and experienced – to build, deploy, and manage high-performance distributed applications using Ignite. We are extremely proud as a community to issue this latest release.” 

    Apache Ignite 3.0 simplifies installation, improves configuration management, enhances API usability, and significantly boosts performance. Ignite 3.0 offers experienced users with enhanced performance including continuous improvement and maintenance. New users will now benefit from an easier learning curve for first-time installation and configuration.

    Ignite 3.0 Feature and Improvement Highlights 

    • Installation and Management – Apache Ignite 3.0 simplifies installation and management, making it more accessible for developers and administrators. This includes a new interactive Command Line Interface (CLI) and a dynamic configuration framework.
    • Clients and APIs – Apache Ignite 3.0 streamlines application development by unifying access across different clients and data models, while ensuring flexibility and improving developer experience. Enhancements include unified clients, table API and unified schema, modern concurrent programming paradigms, and SQL transactions.
    • Architecture and Performance – Apache Ignite 3.0 includes major architectural upgrades to improve cluster reliability and efficiency. Features include raft-based consensus, MVCC transactions, a Calcite-based SQL engine, and binary tuple.

    Users looking to learn more about the features and capabilities of Apache Ignite 3.0 are encouraged to attend Ignite Summit 2025, an annual conference that unites the Ignite Community. The event will take place virtually on February 25, 2025. 

    Additional Resources: 

    About The Apache Software Foundation (ASF)
    Founded in 1999, the Apache Software Foundation exists to provide software for the public good with support from more than 75 sponsors. ASF’s open source software is used ubiquitously around the world with more than 8,400 committers contributing to 320+ active projects including Apache Superset, Apache Camel, Apache Flink, Apache HTTP Server, Apache Kafka, and Apache Airflow. The Foundation’s open source projects and community practices are considered industry standards, including the widely adopted Apache License 2.0, the podling incubation process, and a consensus-driven decision model that enables projects to build strong communities and thrive. https://apache.org

    ASF’s annual Community Over Code event is where open source technologists convene to share best practices and use cases, forge critical relationships, and learn about advancements in their field. https://communityovercode.org/ 

    © The Apache Software Foundation. “Apache” is a registered trademark or trademark of the Apache Software Foundation in the United States and/or other countries. All other brands and trademarks are the property of their respective owners.

    Media Contact
    press@apache.org 

    The MIL Network –

  • MIL-OSI: Eviden unveils new generation of enterprise servers for AI and critical applications

    Source: GlobeNewswire (MIL-OSI)

    Powered by the latest Intel® Xeon® 6 processors, the new BullSequana SH server line-up will achieve up to 1.5x better performance and up to 1.7x better memory bandwidth for AI workload and business-critical applications compared to previous generation.

    Paris, France – February 24, 2025 – Eviden, the Atos Group business leading in digital, cloud, big data and security today announces 4 new Bullsequana SH servers based on the latest Intel processing technology, the Intel® Xeon® 6 processor. Combining a performance boost, an unrivalled scale-up architecture and unique eco-efficient technologies, these servers are perfectly suited to the needs of businesses, cloud providers, and hyperscalers, enabling them to confidently deploy their critical and artificial intelligence applications.

    Although virtualization and cloud adoption have favored scale-out deployments, they are not well-suited for real-time business processing, big data and analytics (e.g., SAP HANA®), which require maximum computational resources to process vast amounts of data. These applications can benefit from a scale-up architecture which offers a large number of processors in close proximity and substantial memory capacity, allowing large amounts of data to be kept close to the processor, thereby minimizing the latency when fetching data.

    Designed for an optimum flexibility and scalability, these new additions to the BullSequana SH range is composed of 4 complementary servers with a computing capacity from one to eight 2-socket server modules. With up to 128 terabytes of DDR5 memory capacity and scalability from 2 to 32 processors in 2-CPU steps thanks to Eviden’s Node Controller UNC5 interconnect technology, clients can easily scale-up their infrastructure, shifting from one model to the other, avoiding over-allocation of resources as well as preserving investments and application environments.

    For the first time, our BullSequana-SH scale-up servers will include our patented Eviden DLC technology as a new cooling option. This innovation gives customers the flexibility to select the ideal cooling solution tailored to their specific usage needs. With heat dispersion efficiency reaching up to 97% and functionality even at an inlet water temperature of 40°C, these servers achieve superior cooling while reducing energy consumption for heat transport, significantly enhancing the Power Usage Effectiveness (PUE) of data centers. For example, compared to air cooling systems with similar configurations, our DLC technology offers at least a 10% reduction in energy consumption, leading to a 10% decrease in carbon emissions. Additionally, it doubles rack density and optimize the performance of Intel Xeon 6 processors.

    Entirely manufactured in Eviden’s flagship factory in Angers (France) and designed by Eviden’s R&D teams, the BullSequana SH range already has a strong track record of successful deployments around the world for more than 200 clients and achieved a world record in terms of performance during a SAP HANA Benchmark in June 2024.

    Charles-Philippe Gaudron, Global head of Business Computing and AI at Eviden, Atos Group quote said “Our BullSequana SH range is part of the Group’s AI expertise and its broad spectrum of AI sovereign solutions, from infrastructure to models and services. These new enterprises servers offer an evolutive platform, with or without a GPUs, able to run a large variety of models and use cases such as in-memory AI computing applications. Powered by Intel®Xeon®6 processors, the latest processing technology on the market, our new BullSequana SH servers offers a unique combination of scale-up architecture, eco-efficient technologies and optimal performance. With the launch of our new business computing servers, we are redefining the future of AI and critical applications for businesses, cloud providers and hyperscalers.”

    ***

    About Eviden1

    Eviden is a next-gen technology leader in data-driven, trusted and sustainable digital transformation with a strong portfolio of patented technologies. With worldwide leading positions in advanced computing, security, AI, cloud and digital platforms, it provides deep expertise for all industries in more than 47 countries. Bringing together 41,000 world-class talents, Eviden expands the possibilities of data and technology across the digital continuum, now and for generations to come. Eviden is an Atos Group company with an annual revenue of c. € 5 billion.

    About Atos

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

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

    Press contact

    Constance Arnoux – constance.arnoux@atos.net – +33 (0)6 44 12 16 35

    1 Eviden business is operated through the following brands: AppCentrica, ATHEA, Cloudamize, Cloudreach, Cryptovision, DataSentics, Edifixio, Engage ESM, Evidian, Forensik, IDEAL GRP, In Fidem, Ipsotek, Maven Wave, Profit4SF, SEC Consult, Visual BI, X-Perion.

    Eviden is a registered trademark. © Eviden SAS, 2025.

    Attachments

    The MIL Network –

  • MIL-OSI: OMERS Earns $10.6 billion in Investment Income in 2024

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 24, 2025 (GLOBE NEWSWIRE) — OMERS, the defined benefit pension plan for Ontario’s broader municipal sector employees, achieved a 2024 investment return of 8.3%, or $10.6 billion, net of expenses, exceeding its 7.5% benchmark for the year. Net assets at December 31, 2024, grew to $138.2 billion from $128.6 billion in 2023. The Plan reported a smoothed funded status of 98%, up from 97% in 2023. Over the past 10 years, OMERS has averaged an annual investment return of 7.1%, net of expenses, adding $70.5 billion to the Plan.

    “Our strong result in 2024 reflects the quality of our people and portfolio, our active strategic decisions, and our steady progress as a long-term investor. Since becoming CEO of OMERS, I have been incredibly proud of the work of our leaders and their teams, as well as the forward-thinking strategies we have implemented over the last four years as we emerged from the pandemic. This combination has generated an average annual net return of 8.1% during that period,” said Blake Hutcheson, OMERS President and Chief Executive Officer. “As we look to the future, we are steadfast in our view that quality will see us through an unpredictable global landscape and the cycles ahead. Our talented team is focused on delivering our pension promise and is honoured to work in service of our almost 640,000 members.”

    “Our actions to diversify the global portfolio positioned the Plan well in 2024,” said Jonathan Simmons, OMERS Chief Financial and Strategy Officer. “OMERS public equity investments delivered double-digit performance supported by strong contributions from private credit and infrastructure. Our net investment results benefitted from our active strategy to maintain currency exposure to the US dollar. Our real estate assets continue to generate strong operating income, but returns were held back due to lower valuations. Our asset mix continued to shift toward a higher exposure to fixed income, where return opportunities remain attractive. We expanded our overall use of leverage as we continued to use debt prudently to enhance our investment returns.”

    This year, we are reporting that OMERS achieved a 58% reduction in its portfolio carbon emissions intensity, relative to 2019, and we reported an increase in green investments to $23 billion. For more information on how we define green investments, please refer to the OMERS Climate Taxonomy.

    OMERS is highly rated across independent credit rating agencies, including ‘AAA’ ratings from S&P, Fitch, and DBRS.

    OMERS will publish its 2024 Annual Report on February 28, 2025.

    Media Contact:

    Don Peat
    dpeat@omers.com
    416.417.7385

    About OMERS

    OMERS is a jointly sponsored, defined benefit pension plan, with 1,000 participating employers ranging from large cities to local agencies, and almost 640,000 active, deferred and retired members. Our members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers, and originating and managing a diversified portfolio of high-quality investments in government bonds, public and private credit, public and private equities, infrastructure and real estate.

    Net Investment Returns for the years ended December 31

      2024   2023
    Government Bonds 1.0%   5.8%
    Public Credit 6.0%   6.2%
    Private Credit 12.6%   10.0%
    Public Equities 18.8%   10.4%
    Private Equities 9.5%   3.9%
    Infrastructure 8.8%   5.5%
    Real Estate -4.9%   -7.2%
    Total Net Return 8.3%   4.6%


    2024 Asset Mix

    2024 Highlights

    By the numbers

    • 2024 investment return of 8.3%, or $10.6 billion, net of expenses
    • $138.2 billion in net assets
    • 10-year average annual net return of 7.1%
    • 639,546 OMERS members
    • 98% smoothed funded ratio
    • 3.70% real discount rate, 5 basis points lower than 2023
    • $6.5 billion total pension benefits paid
    • We are reporting a 58% reduction in the portfolio carbon emissions intensity, relative to 2019
    • $23 billion in green investments
    • 96% OMERS member service satisfaction
    • 93% of employees are proud to work for OMERS and Oxford (+5 points above best-in-class)

    Transactions in 2024

    OMERS remains focused on deploying capital in line with our target asset mix. We are a disciplined investor in high-quality assets that meet the Plan’s risk and return requirements. Please find below highlights of investments made in 2024.

    • Acquired Italy’s Grandi Stazioni Retail which manages the entirety of commercial and advertising spaces in 14 of Italy’s major railway stations and hubs for the high-speed rail network, which collectively receive over 800 million visits a year. The stations include over 800 commercial units, totaling around 190,000 Sqm of leasable space, and over 1,800 media assets.
    • Increased our stake by 13.5% in Indian roads business Interise Trust, one of the largest Indian Infrastructure Investment Trusts in the roads sector.
    • Supported XpFibre to successfully raise €5.8 billion of credit facilities, marking one of the largest multi-sourced transactions in the European digital infrastructure market to date. XpFibre is the largest independent Fibre-to-the-Home (FTTH) operators in France delivering high speed internet to approximately 25% of the French territory in terms of homes passed.
    • Announced an agreement to acquire Integris, a leading provider of IT services in the United States.
    • Issued $3.2 billion in bonds by OMERS Finance Trust, including our inaugural AUD offering – an AUD 750 million, 5-year note.
    • Announced the signing of an exclusive agreement with Maritime Transport at West Midlands Interchange in the UK.
    • Participated in the US$15M Series A investment into Brightwave, an Al-powered research platform that delivers insightful and trustworthy financial analysis on demand. It was named as one of TIME magazine’s top inventions of 2024.
    • Participated in two follow-on investments. The first was in Medal, an online platform that lets gamers clip and share video of their gameplay and Altana, a company that applies artificial intelligence to create a dynamic, intelligent map of the global supply chain.
    • Closed our acquisition of Kenter, an energy infrastructure solutions business providing medium-voltage infrastructure and meters to over 25,000 commercial and industrial business customers in the Netherlands and Belgium.

    We rotate capital out of assets with the same level of discipline with which we invest. This activity generates capital, which we deploy into future investment opportunities that align to our strategy. In 2024, we announced or completed the following realizations:

    • Announced the sale of a stake in East-West Tie Limited Partnership which owns the East-West Tie Line, a 450-kilometre, 230 kV double-circuit transmission line spanning from Wawa to Thunder Bay, along the north shore of Lake Superior.
    • Completed the sale of LifeLabs, a trusted provider of community laboratory tests for millions of Canadians that had been owned by OMERS since 2007.
    • Completed a €182.5 million green refinancing on a comprehensively renovated Paris office asset.
    • Completed the sale of its £518 million UK retail park portfolio.
    • Completed the sale of CEDA, which had been majority-owned by OMERS since 2005.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0d74c32c-3c0d-4915-af73-70788746bb63

    https://www.globenewswire.com/NewsRoom/AttachmentNg/136a43d0-d624-48ac-bd8c-133cd153643c

    The MIL Network –

  • MIL-OSI: Apex Defi Labs Inc. Announces Strategic Partnership with Regiment Securities to Expand Tokenized Securities Investment Opportunities

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) — Apex Defi Labs Inc., a leader in blockchain-based tokenized securities, proudly announces its strategic partnership with Regiment Securities, LLC (RSLLC), a FINRA-registered broker-dealer. This collaboration hopes to increase investor acceptance of tokenization, enabling issuers to raise capital on a global scale in a fully-compliant way while leveraging tokenization for enhanced efficiency.

    The partnership, led by Pramod Attarde, CEO of Apex Defi Labs Inc. and Steve Burnham, Co-Founder of RSLLC, focuses on utilizing Apex Defi Labs’ state-of-the-art Securities Issuance Platform. While real estate is the initial and primary focus, the platform also enables issuers to tokenize securities backed by common stocks, providing diverse opportunities for investors.

    “This partnership is a pivotal moment for Apex Defi Labs as we scale our real estate tokenization platform to offer issuers a comprehensive platform for securities in multiple asset classes. With RSLLC’s regulatory expertise and investor networks, we’re poised to lead the charge in democratizing access to tokenized investments,” said Pramod Attarde.

    Steve Burnham adds, “Our collaboration with Apex Defi Labs represents a new era in investment opportunities. By combining our regulatory strengths with Apex’s technological innovation, we are focusing not only on real estate but opening doors for a variety of issuers to raise capital efficiently and compliantly, while adding the benefits of tokenization.”

    The partnership also includes exciting new developments:

    1. Crowdfunding Portal Under Regulation CF: RSLLC holds Regulation CF approval, enabling Defi Assets LLC, a subsidiary of Apex Defi Labs, to join them in developing a crowdfunding portal. This portal will allow companies across industries to raise up to $5 million, democratizing access to capital for small and medium businesses while adding the benefits of tokenization.
    2. Regulation S Offerings for Non-US Investors: Issuers can also leverage this partnership to raise capital from international investors through Regulation S offerings, expanding their global reach.

    Through this collaboration, RSLLC will serve as the exclusive broker-dealer partner for Apex Defi Labs’ technology and international investor network, managing regulatory compliance, and leveraging its domestic accredited investor network. RSLLC will also support offerings listed on the platform with streamlined processes for investor due diligence and compliance filings, including Form D for Regulation D exemptions.

    This partnership reflects a shared vision of advancing financial innovation and expanding access to compliant investment opportunities globally.

    The MIL Network –

  • MIL-OSI: DDB Miner Expands AI-Driven Cloud Mining Platform, Offering Stable Passive Income for Crypto Investors in 2025

    Source: GlobeNewswire (MIL-OSI)

    9.23 Million Members and Growing: A New Era of Accessible and Profitable Cloud Mining

    BIRMINGHAM, United Kingdom, Feb. 24, 2025 (GLOBE NEWSWIRE) — DDB Miner, a global leader in cloud mining solutions, has announced a major expansion of its AI-driven platform, designed to provide stable, passive income for cryptocurrency investors. With over 9.23 million registered members worldwide, DDB Miner is setting a new standard for accessibility, transparency, and profitability in the cloud mining industry.

    Rising Above Market Volatility

    Amidst ongoing cryptocurrency market fluctuations and rising inflation, DDB Miner’s advanced cloud mining technology offers a dependable alternative to traditional trading. Unlike speculative investments, cloud mining provides consistent returns without the need for active management. Investors can earn daily profits by renting mining capacity through DDB Miner’s platform, eliminating the complexities of hardware ownership and maintenance.

    AI-driven cloud mining.

    For experienced traders, the conclusion is simple: volatility is a double-edged sword. While some try to time the market, the real winners are those who find a stable, passive income source. That’s why many people abandon volatility trading and turn to cloud mining for stable profits.

    So what is driving so many leading cryptocurrency investors to abandon cloud mining and bet on the next XRP rally? The reasons are stable profits, automation, and simplicity.

    DDB Miner has 9.23 million members worldwide. Register now to join the cloud mining contract for free. Giving yourself a chance is giving yourself a future.

    Click to download the official app and take control of your financial freedom anytime, anywhere!

    XRP Collapse – Why the Crash is Inevitable
    Once the darling of cryptocurrencies, XRP has been underperforming due to regulatory uncertainty, whale selling, and market jitters caused by inflation. Some traders had hoped that XRP would rebound, but today’s inflation report shattered expectations and XRP hit the bottom.

    XRP’s decline caught most traders off guard and forced them to revise their strategies. Instead of speculating on currencies, most people turned to cloud mining because its daily returns are not affected by market fluctuations and are very stable.

    As XRP’s volatility makes it an unsafe investment, cloud mining is becoming a refuge for savvy traders seeking long-term stable returns.

    Why traders favor cloud mining over trading
    Traditional cryptocurrency trading is hectic, unstable, and time-consuming. Bear markets can wipe out all of the previous month’s gains in a matter of minutes, and inflation data only adds to the confusion. With cloud mining, however, investors can earn hands-free, guaranteed returns without having to constantly check charts.

    Cloud mining is simple — as easy as renting mining capacity from a place like DDB Miner and watching your crypto balance increase day after day. It’s the perfect alternative to the stressful, high-risk world of crypto trading.

    For those tired of market volatility, bot trading losses, and endless stop losses, cloud mining represents a worry-free way to generate crypto gains passively — without the stress.

    DDB Miner: The Cloud Mining Giant That Will Rule in 2025
    DDB Miner: is changing the face of cloud mining, offering investors a way to easily earn passive income without any technical knowledge. Founded in 2017, the company has gained worldwide recognition for the transparency, security, and high yields of its mining activities.

    With over 9.23 million registered members, DDB Miner leverages AI mining technology to maximize profits and minimize operational costs. Unlike traditional mining, which requires expensive hardware and electricity, DDB Miner takes care of everything for you, so you just sit back and collect your daily dividends.

    Making $10,000 a day is easier than you think!
    Imagine: waking up every morning with $10,000 more in your crypto wallet—without having to do anything. That’s life for DDB Miner investors, who earn a constant passive income through AI-driven cloud mining contracts.

    With a variety of contract types available, investors can start with $100 or invest more than $100,000. With DDB Miner’s top-of-the-line mining equipment, every investor gets the best mining efficiency, guaranteeing maximum returns.

    Unlike trading, where one mistake can ruin your portfolio, DDB Miner generates steady returns with instant withdrawals, so you always have control over your profits.

    How Bitcoin Mining Works and Why It’s Still Profitable
    Bitcoin mining is the lifeblood of the cryptocurrency world, with miners responsible for confirming transactions and securing the blockchain. However, traditional mining has become too expensive and complicated for the average investor.

    That’s where cloud mining comes into play. Investors don’t have to buy expensive hardware; they can simply rent mining power from industrial-scale mining farms like DDB Miner and get first-class infrastructure without the hassle of maintenance.

    With Bitcoin’s limited supply and rising mining difficulty, cloud mining remains one of the most profitable ways to earn BTC, and DDB Miner makes it easy for you to reap those gains.

    How to Get Started with DDB Miner in Minutes
    It’s never been easier to get started with DDB Miner cloud mining. Take these simple steps to start generating passive income today:

    Sign Up in Seconds: Head to the DDB Miner website and sign up
    Choose a Mining Plan: Choose from a number of lucrative mining contracts starting as low as $12.
    Deposit: Deposit funds into your account via USDT-TRC20, BTC, ETH, LTC, USDC, BNB, USDT-ERC20, BCH, DOGE, SOL (Solana), XRP or other leading cryptocurrencies.
    Start Mining: As soon as your contract is activated, your daily profits start rolling in.
    Withdraw at any time: Instantly withdraw your profits or reinvest for compound returns.
    One-click registration and app download – don’t let this opportunity slip away!
    DDB Miner is the future of passive crypto wealth, offering a high-yield, worry-free investment plan that’s better than trading in every way.

    Click the link below to download the official APP and register in one click!

    Register now and start earning daily profits!

    Media Contact:
    Katerina Audrey
    DDB Miner Media Relations
    Email: info@ddbminer.com

    Disclaimer: This press release is provided by DDB Miner. The statements, views, and opinions expressed in this content are solely those of the DDB Miner and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/06623c0e-cec0-4617-a8d7-9f9b58ea5321
    https://www.globenewswire.com/NewsRoom/AttachmentNg/c04f9a10-e79a-4b2e-ba27-e4bbf0f273e8
    https://www.globenewswire.com/NewsRoom/AttachmentNg/1038269f-cefd-4f96-83ee-b236da91b65d

    The MIL Network –

  • MIL-OSI: Wrap Technologies Secures $5.8M in Private Placement of Securities

    Source: GlobeNewswire (MIL-OSI)

    TEMPE, Ariz., Feb. 24, 2025 (GLOBE NEWSWIRE) — Wrap Technologies (NASDAQ: WRAP) (“Wrap” or, the “Company”) today announced it that it has executed a securities purchase agreement with certain investment partnerships affiliated with the Company and certain accredited and institutional investors in a private placement for the purchase and sale of (i) an aggregate of 3,216,666 shares of common stock of the Company, at a purchase price of $1.80 per share of common stock, and (ii) accompanying warrants to purchase 3,216,666 shares of common stock, for aggregate proceeds of approximately $5.8 million. The warrants will be immediately exercisable at an initial exercise price of $1.80 per share, subject to adjustment, and expire five years from the date of issuance.

    The closing of the private placement is subject to customary closing conditions and is expected to occur on or around February 28, 2025. The Company intends to use the net proceeds of the offering for working capital and general corporate purposes.

    Key Financing Highlights:

    • Majority investment comes from investment partnerships affiliated with insiders and several existing investors.
    • Fuels go-to-market strategy for BolaWrap and Managed Safety and Response (MSR) Connected Ecosystem, both domestically and internationally.
    • Accelerates commitment to deliver Made-in-America end-to-end public safety solutions.
    • Bolsters a federal plan for Washington, DC presence.
    • Increasing investments in training and customer support to optimize BolaWrap programs.

    The securities the private placement offering were offered and sold in transactions exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D of the Securities Act and in reliance on similar exemptions under applicable state laws. Pursuant to a registration rights agreement, the Company has agreed to file a resale registration statement covering the securities described above.

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

    About Wrap Technologies, Inc.

    Wrap Technologies, Inc. (Nasdaq: WRAP) is a leading global provider of advanced public safety solutions, integrating ultramodern technology, cutting-edge tools, and comprehensive services to address the complex, modern day challenges facing public safety organizations around the world. Guided by a no-harm principle, Wrap is dedicated to developing groundbreaking solutions that empower public safety agencies to safeguard the communities they serve in a manner that fosters stronger relationships, driving safer outcomes, empowering public safety and communities to move forward together.

    Wrap’s BolaWrap® solution encompasses an innovative and patented hand-held remote restraint device, strategically engineered with Wrap’s no-harm guiding principle to proactively deter escalation by deploying a Kevlar® tether that safely restrains individuals from a distance. Combined with BolaWrap® training, certified by the esteemed International Association of Directors of Law Enforcement Standards and Training (IADLEST), Wrap enables officers from over 1000 agencies across the U.S. and 60 countries around the world, with the expertise to effectively use BolaWrap® as an early intervention measure, mitigating potential risks and injuries, averting tragic outcomes, with the goal to save lives with each wrap.

    Wrap Reality™, the Company’s advanced virtual reality training system, is a fully immersive training simulator and comprehensive public safety training platform that equips first responders with the discipline and practice to prevent escalation, de-escalate conflicts, and apply appropriate tactical use-of-force measures to better perform in the field. By offering a growing range of real-life scenarios, Wrap Reality™ addresses the dynamic nature of modern law enforcement situations for positive public safety outcomes, building safer communities one decision at a time.

    Wrap’s Intrensic solution is a comprehensive, secure and efficient body worn camera and evidence collection and management solution designed with innovative technology to quickly capture, safely handle, securely store, and seamlessly track evidence, all while maintaining full transparency throughout the process. With meticulous consolidation and professional management of evidence, confidence in law enforcement and the justice system soars, fostering trust and reliability in court outcomes. Intrensic’s efficient system streamlines the entire process seamlessly, empowering all public safety providers to focus on what matters, expediting justice with integrity.

    Connect with Wrap:
    Wrap on Facebook
    Wrap on Twitter
    Wrap on LinkedIn

    Trademark Information

    Wrap, the Wrap logo, BolaWrap®, Wrap Reality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad.  All other trade names used herein are either trademarks or registered trademarks of the respective holders.

    Cautionary Note on Forward-Looking Statements – Safe Harbor Statement
    This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “anticipate,” “should”, “believe”, “target”, “project”, “goals”, “estimate”, “potential”, “predict”, “may”, “will”, “could”, “intend”, and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the private placement and the satisfaction of customary closing conditions related to the private placement, the anticipated use of proceeds therefrom, the Company’s ability to maintain compliance with the Nasdaq Capital Market’s listing standards; the Company’s ability to successfully implement training programs for the use of its products; the Company’s ability to manufacture and produce products for its customers; the Company’s ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company’s most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

    Investor Relations Contact:

    (800) 583-2652
    ir@wrap.com

    The MIL Network –

  • MIL-OSI: NANO Nuclear Energy Announced as Two Star Partner of the Institute for Defense and Government Advancement’s Operational Energy Summit with CEO James Walker Scheduled to Present

    Source: GlobeNewswire (MIL-OSI)

    The Operational Energy Summit will be held at the Bethesda Marriot Hotel on February 25-26, 2025

    New York, N.Y., Feb. 24, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it is a Two Star Partner of the 17th annual Operational Energy Summit, hosted by the Institute for Defense and Government Advancement in Bethesda, Maryland at the Bethesda Marriot Hotel on February 25 -26, 2025.

    On Tuesday, February 25th, Chief Executive Officer and Head of Reactor Development, James Walker, will lead a keynote presentation titled, “The role of innovative nuclear technology to support the defense industry and military operations”, at 1:30 PM. Thereafter, he will also present, “Industry insight session hosted by NANO Nuclear Energy Inc.” at 3:30 PM.

    For over two decades, the Institute for Defense and Government Advancement (IDGA) has served as a non-partisan event and thought leadership organization connecting the Defense and Security communities interested in solving high-level challenges. Through its industry-leading conferences, networking events and online community portal, IDGA supports and coordinates the participation of leading stakeholders across the Government, Military, and associated defense industry partners.

    For its 17th year, the IDGA Operational Energy Summit will bring together operational and installation energy leaders from the U.S. Department of Defense, Department of Energy, allied military, industry, and academia to discuss the current state of military energy and the path forward. This year’s summit will focus on addressing the emerging threat landscape, contested environments, the role of innovative technology, and the challenges and gaps in defense energy to ensure support of military operations. Guided by thought leaders, the summit will explore alternative energy sources, including nuclear and solar power, along with microgrids and technologies for enhancing grid security. As the demand for energy increases to support both current and future weapon systems and technologies, the topics of discussion will include strategies for achieving energy resilience, security, reliability, and sufficiency.

    “The IDGA is at the forefront of efforts to address the U.S. armed forces’ most urgent challenges, particularly in understanding operational and installation energy,” said John G. Vonglis, Executive Director of Global Government Affairs of NANO Nuclear Energy. “This summit will bring together some of the nation’s foremost experts, united by a shared mission to provide service members with robust, reliable, and resilient next-generation energy solutions, with nuclear set to play a key role in discussions.”

    Figure 1 – NANO Nuclear Energy Inc. Announced as the Two Star Partner of the Institute for Defense and Government Advancement’s Operational Energy Summit on February 25-26, 2025.

    “The growing emphasis on nuclear-based energy systems within the U.S. military creates exciting opportunities to deliver reliable, carbon-neutral power to the country’s service members,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “This summit provides a valuable platform to connect with key operational leaders throughout the military complex, and I look forward to discussing the future of nuclear energy with all attendees.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. NANO Nuclear is also developing patented stationary KRONOS MMR™ Energy System and space focused, portable LOKI MMR™.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN

    NANO Nuclear Energy YOUTUBE

    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

    This news release, the conference presentation described herein, and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: BexBack Launches U-Based Leverage Trading with 25x to 100x Leverage, Adds 45 New Trading Pairs and Double Deposit Bonus No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 24, 2025 (GLOBE NEWSWIRE) — With Bitcoin’s price fluctuating below $100,000, many analysts predict a prolonged period of high volatility in the crypto market. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages. The platform now features a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage on cryptocurrency trading, providing exceptional opportunities for investors.

    In addition to 100x leverage, BexBack is offering new U-based leverage trading options with 25x, 50x, and 75x leverage, giving traders greater flexibility to manage risk while maximizing potential returns. The platform has also added 45 new popular trading pairs, expanding the range of assets available to trade, creating more opportunities for strategic investment.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, XRP, and 50 other major cryptocurrencies for futures contracts.. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d4110cea-b777-4e8a-a7eb-a18dd12391f9

    https://www.globenewswire.com/NewsRoom/AttachmentNg/adc5f0e3-e140-4b4a-9027-4bd52b34fb95

    https://www.globenewswire.com/NewsRoom/AttachmentNg/44223717-8017-48e3-8f16-cc79ec9de8b0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6fa2fed7-ca6f-4ecb-82e0-464a07c6f8bb

    The MIL Network –

  • MIL-OSI: Telnyx unveils Voice AI: The future of human-like conversations at scale

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) — AI-powered voice interactions are advancing quickly, and Telnyx Voice AI is leading the way. Telnyx Voice AI is redefining the way businesses engage with customers, delivering real-time, intelligent, and ultra-natural voice conversations that feel just like talking to a human.

    Until now, voice automation has been plagued by delays, robotic speech, and a lack of real intelligence. Telnyx Voice AI changes that by combining cutting-edge AI voice synthesis, real-time streaming, and a global, private IP network, ensuring ultra-low latency and hyper-realistic conversations. Unlike fragmented solutions, Telnyx takes a full-stack approach to conversational AI, offering businesses all the essential building blocks—voice infrastructure, AI-driven automation, and real-time connectivity—to create custom, scalable voice AI solutions from the ground up.

    What can businesses do with Voice AI?

    • Automate customer support – Deploy AI agents that respond instantly and resolve issues in real-time.
    • Enhance IVR and call routing – Guide customers efficiently with intelligent, context-aware voice interactions.
    • Boost sales and engagement – Power AI-driven outbound calls for follow-ups, reminders, and personalized outreach.
    • Enable conversational commerce – Let customers book, buy, and inquire using natural, human-like voice AI.

    Unlike other AI solutions that struggle with delays and disjointed conversations, Telnyx Voice AI is built from the ground up for real-time speech processing—meaning zero awkward pauses, just smooth, seamless conversations. And because it runs on Telnyx’s private global infrastructure, it’s more reliable, scalable, and cost-efficient than other cloud-based providers.

    “AI-powered voice is the future of customer interactions, and with Telnyx Voice AI, that future is here,” said Ian Reither, COO at Telnyx. “Businesses can now automate real-time, human-like conversations at scale without the delays, robotic tone, or high costs of traditional solutions. We’ve built a powerful, flexible AI voice platform so companies can create seamless, intelligent voice experiences like never before.”

    With Telnyx Voice AI, the future of voice automation isn’t just smarter—it’s more human. Experience Telnyx Voice AI today: https://telnyx.com/voice-ai

    For media inquiries, please contact:
    Telnyx Media Relations
    press@telnyx.com

    The MIL Network –

  • MIL-OSI: Risk Strategies Appoints Craig D. Simon Managing Director, Private Equity

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 24, 2025 (GLOBE NEWSWIRE) — Risk Strategies, a leading North American specialty insurance brokerage and risk management and consulting firm, today announced it has hired Craig D. Simon as Managing Director in its National Private Equity Practice. In his role, Simon will be responsible for brokering, servicing, and program administration for clients in the private equity sector.

    Based in New York City, Simon brings over 25 years of experience to the Risk Strategies private equity practice. Simon is an expert in designing and implementing non-traditional and alternative risk management programs. He is a well-respected industry expert whose opinion with clients and leading trade and business publications, is frequently sought.

    “Bringing Craig on board is a real win for this practice,” said Neil Krauter Sr., National Private Equity Practice Leader, Risk Strategies. “His reputation as both an industry expert and team leader are well deserved, and we are excited to see the difference he will make for our clients and our business.”

    Prior to joining Risk Strategies, Simon was a Team Leader for U.S. Energy & Power at Marsh. He also served as Senior Managing Director at Crystal & Company (now Alliant) for over 15 years, overseeing the firm’s liability insurance placement and brokering operations. Simon previously led the U.S. liability insurance brokering as the National Casualty Practice Leader for Willis North America (now Willis Towers Watson).

    “I’m excited to join the practice at Risk Strategies and work with a team of true specialists,” said Simon. “Over my career, I have seen the power that focused industry expertise has for clients. Risk Strategies has built its success on this approach, and I’m excited to help grow this business.”

    A graduate of Hofstra University, Simon holds a Master of Business Administration in finance as well as a Bachelor of Arts in economics.

    About Risk Strategies

    Risk Strategies, part of Accession Risk Management Group, is a North American specialty brokerage firm offering comprehensive risk management services, property and casualty insurance and reinsurance placement, employee benefits, private client services, consulting services, and financial & wealth solutions. The 9th largest U.S. privately held broker, we advise businesses and personal clients, have access to all major insurance markets, and 30+ specialty industry and product line practices and experts in 200+ offices – Atlanta, Boston, Charlotte, Chicago, Dallas, Grand Cayman, Kansas City, Los Angeles, Miami, Montreal, Nashville, New York City, Philadelphia, San Francisco, Toronto, and Washington, DC. RiskStrategies.com

    Media Contact
    Alana Bannan
    Senior Account Executive
    360-975-1812
    Rsc@matternow.com

    The MIL Network –

  • MIL-OSI: CoinShares Confirms Zero Exposure to Bybit Exchange

    Source: GlobeNewswire (MIL-OSI)

    24th February 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a leading global investment company specialising in digital assets, today confirms that it has no exposure to the Bybit exchange.

    ABOUT COINSHARES

    CoinShares is a leading global investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com 

    PRESS CONTACT

    CoinShares
    Benoît Pellevoizin
    bpellevoizin@coinshares.com

    M Group Strategic Communications
    Peter Padovano
    press@coinshares.com

    The MIL Network –

  • MIL-OSI: Toobit Joins Web3 Amsterdam as Platinum Sponsor, Expands Reach in Europe

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, Feb. 24, 2025 (GLOBE NEWSWIRE) — Award-winning cryptocurrency derivatives trading platform Toobit is further expanding its presence into the Netherlands, attending and sponsoring Web3 Amsterdam 2025 on March 13-14 as a Platinum Sponsor.

    The event is a leading annual conference in the titular city, serving as a hub for Web3 enthusiasts, innovators, and industry leaders to explore the latest trends, foster collaboration, and drive mass adoption of decentralized technologies.

    “In-person Web3 events provide a valuable space for industry players to exchange ideas, discuss challenges, and explore partnerships,” said Mike Williams, Chief Communication Officer of Toobit, “Seeing eye to eye is the basis for building long-term trust. We look forward to contributing to these conversations while further exploring opportunities for collaboration within the European crypto ecosystem.”

    The conference will feature discussions on Web3 applications, and regulatory developments, offering a platform for dialogue between companies, affiliates, developers, and investors. Toobit’s team will be present throughout the event, participating in discussions and networking with local professionals.

    Web3 companies are increasingly turning to offline engagement to establish trust and strengthen their presence in key regions. By taking part in Web3 Amsterdam, Toobit joins a wider industry effort to foster transparency, innovation, and collaboration in the digital asset space.

    For more information about Web3 Amsterdam, visit https://web3amsterdam.com/.

    About Toobit

    Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

    For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

    Contact: Davin C.

    Email: market@toobit.com

    Website: www.toobit.com

    Disclaimer: This content is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/15b7f72a-df04-4d0d-af73-3b8d4fd2c6f2

    The MIL Network –

  • MIL-OSI: No. 1/2025 – Financial calendar 2025/2026

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Copenhagen                                                                                   
    Nikolaj Plads 6
    DK-1067 Copenhagen K   

    Copenhagen, 24 February 2025
    ANNOUNCEMENT no. 1/2025

    FINANCIAL CALENDAR 2025/2026

    The financial calendar for 2025/2026 has been scheduled as follows:

    2025:                           

    25.02.2025  Annual Report 2024                           

    26.03.2025  Annual General Meeting

    27.08.2025 Interim Report, H1 2025                    

    2026:

    25.02.2026 Annual Report 2025                           

    25.03.2026  Annual General Meeting

    Cemat A/S 

    Frede Clausen
    Chairman of the Board

    This announcement has been prepared in a Danish-language and an English-language version. In case of doubt, the Danish version prevails.

    Attachment

    The MIL Network –

  • MIL-OSI: QCR Holdings, Inc. Announces CEO Retirement and Executive Transition

    Source: GlobeNewswire (MIL-OSI)

    MOLINE, Ill., Feb. 24, 2025 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH) (“QCR Holdings” or the “Company”), today announced that, effective immediately following the annual stockholders meeting on May 22, 2025, Larry J. Helling will retire from his role as Chief Executive Officer of the Company and of Cedar Rapids Bank and Trust Company, one of the Company’s wholly-owned bank subsidiaries. Additionally, Mr. Helling will also retire at that time from the boards of directors of the Company and Cedar Rapids Bank and Trust Company. Upon Mr. Helling’s retirement, Todd A. Gipple, the Company’s current President and Chief Financial Officer, will become President and Chief Executive Officer of the Company. Additionally, Nick W. Anderson, the Company’s current Senior Vice President and Chief Accounting Officer, will become the Company’s Chief Financial Officer upon Mr. Gipple’s move to Chief Executive Officer.

    “We were extremely fortunate to have Larry’s leadership as CEO over the past 6 years. Larry joined the organization in 2001 with the formation of Cedar Rapids Bank and Trust Company and became CEO of the Company in 2019. Larry has left an indelible mark on the entire organization,” remarked Marie Ziegler, Chair of QCR Holdings. “Larry’s focus on our clients, shareholders and employees through his emphasis on local control of our banking subsidiaries has been critical in guiding us through the past several years, which included the pandemic and the unique inflationary economic environment. We appreciate Larry’s dedication to the organization and working with the board to implement a seamless succession. We congratulate Larry on his impressive career and look forward to his continued friendship during his well-earned retirement.”

    “It’s been an honor to serve at QCR Holdings and its banking subsidiaries for more than two decades. I have been fortunate to see the positive impacts that our company has had on the communities we serve. We are a relationship-driven organization, and that is reflected in our talented employees, who work diligently to make a positive difference for our clients,” commented Mr. Helling. “Our growth and success in recent years have been possible because of Todd’s leadership and exceptional ability to work with others. I leave knowing that the organization will continue to be guided by a strong leader who embraces our culture.”

    Mr. Gipple has served as the Company’s Chief Financial Officer since 2000, when he transitioned from a successful public accounting career. Through his years in the organization, Mr. Gipple has served in other capacities, including Chief Operating Officer, President and, since 2009, as a director of the Company, in addition to serving on the boards of the Company’s various banking subsidiaries. Mr. Gipple also is an active community leader in the Quad Cities and has served on the Board of Directors and Executive Committees of several local organizations during his 40 years in the community. He currently serves on the Board of Directors of The John Deere Classic and is Past-Chair and a current member of the Executive Committee of the Board of Directors for the YMCA of the Iowa Mississippi Valley.   “I’m honored to take on the CEO role of our company following our annual meeting in May,” said Mr. Gipple. “I have been fortunate to work with Larry since he joined QCR Holdings in 2001 when he founded Cedar Rapids Bank and Trust Company, and I have enjoyed working closely with him the past six years as he has led our company as CEO. It has been very rewarding to be a part of the company’s success the past 25 years. I look forward to continuing that success by retaining our local community banking model that keeps us focused on exceeding the expectations of our clients, creating stronger communities, and sustaining our top-tier financial performance. This focus has served us well throughout the history of our company and has created long-term value for our shareholders.”  

    Mr. Anderson, an Illinois native and graduate of Western Illinois University, is a Certified Public Accountant. Mr. Anderson began his banking career as a teller while working his way through college. Since late 2019, he has served as Chief Accounting Officer of the Company, overseeing all of the Company’s internal and external financial reporting. He also is actively involved in his community and currently serves as the Vice President of Project Renewal of Davenport, Inc., which provides educational, recreational, and social activities for children during the school year and summer. “I have had the pleasure of working closely with Nick for over 20 years and I am fully confident that his transition into the Chief Financial Officer role will be seamless,” said Mr. Gipple. “He has the trust of the board and the executive management team and will do an excellent job overseeing the financial responsibilities at the Company while continuing to be an important part of communicating our successful story with shareholders and other constituencies.”

    Mr. Helling’s retirement and Messrs. Gipple’s and Anderson’s appointments will be effective immediately following the Company’s annual stockholder meeting, scheduled to be held on May 22, 2025.

    About Us

    QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield communities through its wholly owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994; Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001; Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016; Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018, and Guaranty Bank, also based in Springfield, Missouri, was acquired by the Company and merged with Springfield First Community Bank in 2022, with the combined entity operating under the Guaranty Bank name. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. Quad City Bank & Trust Company offers equipment loans and leases to businesses through its wholly owned subsidiary, m2 Equipment Finance, LLC, based in Waukesha, Wisconsin, and provides correspondent banking services. The Company has 36 locations in Iowa, Missouri, Wisconsin, and Illinois. As of December 31, 2024, the Company had $9.0 billion in assets, $6.7 billion in loans, and $7.1 billion in deposits. For additional information, please visit the Company’s website at www.qcrh.com.

    PRESS CONTACT:
    Cari Henson
    VP, Corporate Communications Manager
    309.277.2668 | chenson@qcrh.com

    The MIL Network –

  • MIL-OSI: Capital Bancorp, Inc. Completes Operational Conversion of Integrated Financial Holdings, Inc.

    Source: GlobeNewswire (MIL-OSI)

    ROCKVILLE, Md., Feb. 24, 2025 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (“CBNK”) announced that it had completed the conversion of Integrated Financial Holdings, Inc. (“IFH”) into its operations and systems. This conversion integrates IFH customer accounts into CBNK’s products and services.

    West Town Bank & Trust and Windsor Advantage previously operated as subsidiaries of IFH. In connection with the merger completed on October 1, 2024, West Town Bank & Trust merged with and into Capital Bank, N.A. and Windsor Advantage became a subsidiary of Capital Bancorp, Inc.

    “While Capital and IFH have already been effectively operating as one company, this conversion marks a major milestone,” said Ed Barry, Chief Executive Officer of CBNK. “Now that the conversion is complete, we are well positioned to better serve our customers and continue to execute on the meaningful synergies that we expect to accrue in the merger.”

    CBNK completed the conversion between the close of business on February 21st and reopening on February 24th. IFH customers – including customers of its North Riverside, IL branch – now have access to a wide selection of CBNK products and services. In addition, they can bank at any CBNK location, through digital banking or ATM. In connection with the merger, CBNK also anticipates opening a branch in Raleigh, NC on March 3, 2025.

    Information about the conversion and transition to CBNK was mailed to these customers on October 1, 2024. Since then, we have maintained ongoing communications to support a smooth transition.

    ABOUT CAPITAL BANCORP, INC.

    Capital Bancorp, Inc., Rockville, Maryland is a registered bank holding company incorporated under the laws of Maryland. Capital Bancorp has been providing financial services since 1999 and now operates bank branches in six locations including Washington D.C., Reston, VA, Ft. Lauderdale, FL, Rockville, MD, Columbia, MD and N. Riverside, IL. Capital Bancorp had assets of approximately $3.2 billion at December 31, 2024 and its common stock is traded in the NASDAQ Global Market under the symbol “CBNK.” More information can be found at the Company’s website www.CapitalBankMD.com under its Investor Relations page.

    Capital Bank, N.A.
    Media Contact:
    Bryon Stevens
    Investor Relations
    Email: bstevens@capitalbankmd.com

    The MIL Network –

  • MIL-OSI: Drugs Made in America Acquisition Corp. Announces Advisory Team

    Source: GlobeNewswire (MIL-OSI)

    Fort Lauderdale, FL, Feb. 24, 2025 (GLOBE NEWSWIRE) —  Drugs Made in America Acquisition Corp. (Nasdaq: DMAAU), (the “Company”) today announced the formation of an advisory team to lead its effort towards acquiring a well-managed, revenue generating business for the foundation and development of “End to End production, manufacturing and distribution, for the Drugs Made In America Platform”.  Under the direction of Lynn Stockwell, Chief Executive Officer of DMAAU, the advisory team will proactively pursue the deliverable of a business or combinations that seeks to become a new competitive cost producer of drugs made in America. Onboarding production back to the USA creates jobs, mitigates national security risks and will ensure the American people will have clean, pure, cost-efficient medications through a resilient supply chain made in America.

    The advisory team includes Charles C. Conaway who is chairman of The Sabre group, a private capital business which has operated, acquired & originated a variety of businesses in the health, consumer and other segments.   Mr. Conaway has led and served on the Board of a variety of organizations, including Fortune 100 companies as President of CVS Corporation, where he led the successful restructuring to create CVS as a stand-alone public company.  Mr. Conaway was one of the lead architects in transforming CVS from a large retailer to one of largest health care companies in the U.S.

    The team also includes Paul J. Mastronardi and Edward A. Robinson.

    Mr. Mastronardi is a third-generation greenhouse grower and distributor in the North American market. He was recognized as a Top 10 Under 40 honoree by Greenhouse Canada in 2017 and as a Top 40 Under 40 honoree by Produce Business in 2024. Paul also serves on multiple boards across various industries and brings extensive experience in developing businesses.

    Mr. Robinson is the former Chief Executive Officer of BMW Financial Services N.A. He was responsible for the America’s Region, which included BMW Bank, an Industrial Loan Corporation in Salt Lake City, Utah. Since retiring from BMW, Mr. Robinson has acted as a consultant on a wide range of businesses including public and private entities.

    The team will leverage resources and networks for efficient outreach to commence immediately. The effort will be focused on creating proprietary transaction opportunities. The Company believe personal relationships built over time are critical not just in generating transaction opportunities, but also in consummating a business combination.

    About Drugs Made In America Acquisition Corp.

    The Company is a blank check company incorporated in the Cayman Islands as an exempted company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses. It has not selected any specific business combination target and has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination. While the Company may pursue a business combination target in any business, industry or geographical location, it intends to focus its search for businesses in the pharmaceutical industry. The Company believes that it is possible to mitigate risks in the U.S. medical supply chain by investing in companies that will reduce America’s overreliance on production of pharmaceuticals from concentrated geographic regions through investments in strategic on-shoring of advanced domestic manufacturing technologies for critical drugs.

    Contact Information

    Drugs Made In America Acquisition Corp.
    1 East Broward Boulevard, Suite 700
    Fort Lauderdale, FL 33301

    Lynn Stockwell

    Chief Executive Officer and Executive Chair
    Email: lynn@dmaacorp.com
    Phone: (954) 870-3099

    Forward-Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov.

    The MIL Network –

  • MIL-OSI: Wrap Acquires W1 Global: Expands Managed Services with Former FBI, DEA, and DoD Leadership to Accelerate Made-in-America End-to-End Solutions

    Source: GlobeNewswire (MIL-OSI)

    This news follows: Wrap Unveils Managed Safety and Response (MSR) Connected Ecosystem in Virginia

    TEMPE, Ariz., Feb. 24, 2025 (GLOBE NEWSWIRE) — Wrap Technologies (NASDAQ: WRAP) (“Wrap” or, the “Company”) today announced it has completed the acquisition of W1 Global, LLC (“W1”) a preeminent professional services and consulting firm led by an executive team of former high-ranking law enforcement and U.S. Intelligence Community professionals, with deep competencies in complex international criminal investigation, regulatory matters and compliance issues.

    The acquisition of W1 is expected to increase Wraps access to the skill and experience of this distinguished group, as well as expand the international reach of its MSR Connected Ecosystem. It is also expected to support a tech-enabled enhancement of the suite of professional and consulting services that W1 has provided to its clients all over the world.

    Wrap’s acquisition has now assembled a deep team of senior leaders from both the public sector and national security agencies:

    • Professional Services will be led by Bill McMurry, a career law enforcement and intelligence professional. Mr. McMurry is a retired FBI Supervisory Special Agent who served in the FBI’s New York Office for twenty-four years. Mr. McMurry worked closely with the US DOJ, DEA, ATF, HSI, OFAC, DOD and the USIC to develop a national strategy to implement a whole of government response to combat the threat posed by Transnational Organized Crime.
    • Managed Safety and Response will be led by Jim DeStefano, former Assistant Special Agent in Charge of a Special Operations Branch responsible for the New York field division’s preparation for, response to, and recovery from all crisis and special events – including training and tactics in response to emotionally disturbed persons. John Penza, adds experience from state and federal corrections, local law enforcement, and as the former New York Division’s Assistant Special Agent in Charge of the Violent Crimes and Drug Trafficking Branch.
    • Investigative, Regulatory and Compliance professional services will be supported by Ric Bachour, a former local and state police officer, U.S. Marine, and Purple Heart recipient. His international experience includes leadership roles in the DEA Sensitive Undercover Operations Unit, Special Operations, and DEA’s Foreign and Domestic Field Offices.

    Additional Talent Pipeline and International Go-To-Market

    Wrap anticipates accessing a deep talent pool as individuals transition from long government tenures, marking the first of many strategic talent acquisitions to meet growing market demands.

    The W1 Global transaction is expected to position Wrap for international expansion by leveraging W1’s global network and expertise in investigative services. This in-country support network, consisting of former government personnel, provides valuable entry points for global distribution while aligning with U.S. resources and support systems.

    End-to-End Ecosystem

    The W1 Global transaction creates an end-to-end ecosystem with two key business lines: leveraging top talent to deliver comprehensive Managed Safety and Response (MSR) solutions and expanding tech-enabled professional services to enhance client support. Both companies’ clients demonstrate a strong appetite for each other’s services—Wrap’s international clients show significant interest in investigative services, while W1 Global’s clients are keen on Wrap’s BolaWrap, drones, and expanding cyber solutions within the MSR portfolio. This strategic combination effectively meets the market demand for integrated safety and technology-driven professional services, driving growth and enhancing client support.

    Scot Cohen, Chairman and Chief Executive Officer of Wrap, commented, “The acquisition of W1 Global is a transformational step in establishing Wrap as a leader in Managed Safety and Response services. It is expected to drive immediate revenue growth, be accretive, and create synergies with our existing business, including the revamped BolaWrap program, while supporting our expanding global channel system.”

    Bill McMurry, Chief Executive Officer of W1 Global, commented, “W1 and Wrap can now deliver comprehensive MSR solutions with expert consulting, integration, and customization. By combining cutting-edge technology like the BolaWrap with professional services, we hope to ensure seamless implementation and continuous support. Our deep industry expertise is expected to allow us to optimize safety solutions for public safety agencies, effectively addressing complex challenges.”

    About Wrap Technologies, Inc.

    Wrap Technologies, Inc. (Nasdaq: WRAP) is a leading global provider of advanced public safety solutions, integrating ultramodern technology, cutting-edge tools, and comprehensive services to address the complex, modern day challenges facing public safety organizations around the world. Guided by a no-harm principle, Wrap is dedicated to developing groundbreaking solutions that empower public safety agencies to safeguard the communities they serve in a manner that fosters stronger relationships, driving safer outcomes, empowering public safety and communities to move forward together.

    Wrap’s BolaWrap® solution encompasses an innovative and patented hand-held remote restraint device, strategically engineered with Wrap’s no-harm guiding principle to proactively deter escalation by deploying a Kevlar® tether that safely restrains individuals from a distance. Combined with BolaWrap® training, certified by the esteemed International Association of Directors of Law Enforcement Standards and Training (IADLEST), Wrap enables officers from over 1000 agencies across the U.S. and 60 countries around the world, with the expertise to effectively use BolaWrap® as an early intervention measure, mitigating potential risks and injuries, averting tragic outcomes, with the goal to save lives with each wrap.

    Wrap Reality™, the Company’s advanced virtual reality training system, is a fully immersive training simulator and comprehensive public safety training platform that equips first responders with the discipline and practice to prevent escalation, de-escalate conflicts, and apply appropriate tactical use-of-force measures to better perform in the field. By offering a growing range of real-life scenarios, Wrap Reality™ addresses the dynamic nature of modern law enforcement situations for positive public safety outcomes, building safer communities one decision at a time.

    Wrap’s Intrensic solution is a comprehensive, secure and efficient body worn camera and evidence collection and management solution designed with innovative technology to quickly capture, safely handle, securely store, and seamlessly track evidence, all while maintaining full transparency throughout the process. With meticulous consolidation and professional management of evidence, confidence in law enforcement and the justice system soars, fostering trust and reliability in court outcomes. Intrensic’s efficient system streamlines the entire process seamlessly, empowering all public safety providers to focus on what matters, expediting justice with integrity.

    Connect with Wrap:
    Wrap on Facebook
    Wrap on Twitter
    Wrap on LinkedIn

    Trademark Information

    Wrap, the Wrap logo, BolaWrap®, Wrap Reality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad.  All other trade names used herein are either trademarks or registered trademarks of the respective holders.

    Cautionary Note on Forward-Looking Statements – Safe Harbor Statement
    This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “anticipate,” “should”, “believe”, “target”, “project”, “goals”, “estimate”, “potential”, “predict”, “may”, “will”, “could”, “intend”, and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the expected benefits of the acquisition of W1, the Company’s ability to maintain compliance with the Nasdaq Capital Market’s listing standards; the Company’s ability to successfully implement training programs for the use of its products; the Company’s ability to manufacture and produce products for its customers; the Company’s ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company’s most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

    Investor Relations Contact:

    (800) 583-2652
    ir@wrap.com

    The MIL Network –