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Category: GlobeNewswire

  • MIL-OSI: DDB Miner Introduces Enhanced Profitability with New Contracts

    Source: GlobeNewswire (MIL-OSI)

    BIRMINGHAM, United Kingdom, Feb. 18, 2025 (GLOBE NEWSWIRE) — DDB Miner a leading cloud mining platform, has launched a series of upgraded mining contracts designed to maximize profitability for cryptocurrency investors. With the increasing demand for passive income opportunities in the crypto space, these new contracts offer enhanced returns, stability, and accessibility for both novice and experienced miners.

    Revolutionizing Cloud Mining with New Contracts

    The latest contracts from DDB Miner provide an easy and efficient way for investors to earn stable returns without the need for expensive hardware or technical expertise. By leveraging renewable energy sources such as solar and wind power, DDB Miner continues to drive down operational costs while ensuring environmentally friendly mining solutions.

    Key Features of the New Cloud Mining Contracts

    • Flexible Investment Options: From entry-level to high-value contracts, users can choose a plan that aligns with their financial goals.
    • Daily Payouts: Investors receive earnings every 24 hours, ensuring a steady cash flow.
    • Automatic Principal Return: At the end of the contract term, the initial investment is automatically returned.
    • Multi-Currency Support: Settle earnings in popular cryptocurrencies, including BTC, ETH, USDT, DOGE, BCH, and SOL.
    • Affiliate Program: Users can earn referral bonuses of up to $22,000 by inviting friends to the platform.

    New Contract Offerings

    • Experience Contract: $100 investment – Total net profit: $106
    • Classic Contract: $1,000 investment – Total net profit: $1,131
    • Premium Contract: $10,000 investment – Total net profit: $18,750
    • Super Contract: $50,000 investment – Total net profit: $97,500

    Why Choose DDB Miner?

    Since its founding in 2017, DDB Miner has built a global user base of over 9 million members. The company operates multiple large-scale mining farms and contributes approximately 3.8% of the world’s computing power. By partnering with top mining equipment manufacturers like Bitmain and Antminer, DDB Miner ensures optimal efficiency and stability for its users.

    Additionally, DDB Miner is legally registered and regulated by the UK Financial Services Authority, offering a secure and compliant environment for cloud mining enthusiasts.

    How to Get Started

    1. Register Now: Sign up and receive a $12 bonus.
    2. Choose a Contract: Select an investment plan that suits your goals.
    3. Start Earning: Activate the contract and let the system mine for you.
    4. Track and Withdraw: Monitor your profits through the platform’s intuitive dashboard and withdraw earnings at your convenience.

    To learn more about the new cloud mining contracts, visit DDB Miner’s official website or download the mobile app from Google Play or the Apple Store.

    About DDB Miner DDB Miner is a trusted cloud mining platform, providing network encryption technology services and innovative mining solutions since 2017. With a commitment to clean energy, regulatory compliance, and advanced technology, DDB Miner continues to offer profitable and sustainable mining opportunities for global investors.

    Start using DDB Miner’s worry-free cloud mining solution to increase your income.

    For more details, please visit the DDB Miner official website: https://ddbminer.com.

    Or from Google Play or Apple Store Download our mobile app.

    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 sponsor and do not necessarily reflect the views of this media platform. 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 as 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.

    Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/846024a7-0642-4702-b261-b3783e562017

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2fa2da22-1f85-4a3e-92de-3a59ff09dfe7

    The MIL Network –

  • MIL-OSI: AppTech Payments Corp. Granted Extension for Continued Listing on Nasdaq

    Source: GlobeNewswire (MIL-OSI)

    CARLSBAD, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) — AppTech Payments Corp. (“AppTech or the “Company”) (NASDAQ: APCX) a pioneering Fintech company powering frictionless commerce, today announced that it received notice from the Nasdaq Hearings Advisor (the “Hearings Panel”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Hearings Panel has granted the Company’s request to continue its listing on The Nasdaq Stock Market, subject to the Company meeting certain conditions, including filing on or before March 31, 2025, a public disclosure describing that the shareholders’ equity deficiency has been cured and the Company plans on including the detailed requested information in its 2023 10-K filing anticipated to be filed on or before March 15, 2025. The Company was also given until May 5, 2025, to regain compliance with Nasdaq’s $1 minimum bid price per share requirement. The Panel granted our request to attempt to increase the bid price of our stock organically, based in part on our declaration that we were already in compliance with the Equity Rule.

    AppTech’s CEO, Thomas DeRosa, extended gratitude to the Nasdaq Staff and the Nasdaq Hearings Panel for their continued support in maintaining the Company’s listing. Our team remains fully committed to meeting all Nasdaq Continued Listing Requirements, including the $1 minimum bid requirement, by May 5, 2025. The recent restructuring and efforts to streamline the company’s finances have positioned AppTech stronger than ever before. We are now on the verge of generating significant revenue across multiple verticals and are dedicated to driving growth and enhancing shareholder value.

    Additional information was provided in the Company’s Form 8-K, which was filed earlier today with the Securities and Exchange Commission.
    Click the following link to view today’s 8-K: February 14, 2025 – Form 8-K

    About AppTech Payments Corp.

    AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises (“SMEs”), and consumers through the Company’s scalable cloud-based platform architecture and infrastructure, coupled with our Specialty Payments development and delivery model. AppTech maintains exclusive licensing and partnership agreements in addition to a full suite of patented technology capabilities. For more information, please visit apptechcorp.com.

    Forward-Looking Statements

    This press release may contain forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, should, will” and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the Company’s control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

    AppTech Payments Corp.
    760-707-5959
    info@apptechcorp.com

    The MIL Network –

  • MIL-OSI: Karolinska Developments portfolio company Promimic publishes positive results on reduction of bacteria growth on HAnano Surface

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, SWEDEN, February 18 2025. Karolinska Development AB (Nasdaq Stockholm: KDEV) today announces that its portfolio company Promimic has published positive results showing a reduction of bacterial growth on the company’s implant surface HAnano Surface. The results are published in the Journal of Functional Biomaterials.

    Promimic has previously seen an effect on reduced adhesion of bacteria on HAnano Surface, but the recent results also show a reduction of bacterial growth. The results indicate that the effect is bacteriostatic (hinders growth) and not bactericide (germicidal), which can decrease the risk of bacterial resistance.

    The results are based on in vitro tests on gram-positive and gram-negative bacteria on HAnano Surface, showing a reduction between 33-46 percent on the bacterial strains S. epidermidis and P. aeruginosa, which are common in implant infections.

    ”Bacterial infections associated with dental and orthopedic implants are a serious problem and there is a great need for implants that promote healing and reduce the risk of bacterial growth. Our portfolio company Promimic clearly demonstrates the benefits that surface modification can bring to implant treatment in healthcare and for the individual patient,” says Viktor Drvota, CEO of Karolinska Development.

    Promimic develops and markets HAnano Surface, a unique, nanometer-thin surface treatment that aims to improve the anchorage and healing of orthopedic and dental implants into bone tissue. The technology is well established and has so far been applied to over 1,8 million implants in clinical use around the world.

    Karolinska Development’s shareholding in Promimic, including indirect ownership by KDev Investments, amounts to 14% (2% and 12%, respectively).

    Link to the publication: https://www.mdpi.com/2079-4983/16/2/66

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

    Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
    Phone: +46 70 207 48 26, e-mail: johan.dighed@karolinskadevelopment.com

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

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

    Attachment

    The MIL Network –

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC – 17 02 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LEARNING TECHNOLOGIES GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 17 FEBRUARY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.375p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 9,324,006 1.1765    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 9,324,006 1.1765    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SALE 85,700 99.152p
    0.375p ORDINARY SALE 45,000 99.153p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 18 FEBRUARY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [THRUVISION GROUP PLC- 17 02 2025] – (CGAML)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 THRUVISION GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 17 FEBRUARY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 23,230,000 13.3845    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 23,230,000 13.3845    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    ORDINARY 1p SALE 20,000 2.82p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 18 FEBRUARY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Voltus, Vurge Announce Partnership to Deliver Comprehensive Utility Cost Optimization for Commercial Customers

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 18, 2025 (GLOBE NEWSWIRE) — Voltus, Inc. (Voltus), the leading distributed energy resource (DER) platform and virtual power plant (VPP) operator, and Vurge, the premier utility cost optimization service provider, today announced a partnership that allows customers to maximize the value of their DERs by ensuring that their utility bills for electricity, water, and gas are accurate and that they are informed of any opportunities to save on these costs.

    The partnership combines Voltus’s expertise in monetizing DERs with Vurge’s proven record of optimizing energy costs through utility bill analysis, enabling both companies to deliver enhanced value to their customers.

    “Our strategic partnership with Vurge presents a unique opportunity for our customers to significantly enhance their profitability,” noted Dan Svejnar, SVP of Growth at Voltus. “By leveraging Vurge’s expertise and advanced technology, we can identify untapped areas for energy savings for our customers within their operations.”

    The Voltus and Vurge collaboration is already delivering results for customers, including energy savings that directly translate into reduced operational costs and increased profit margins for Voltus customers, particularly in the Midcontinent Independent System Operator (MISO) region. Additionally, the partnership allows Voltus to explore innovative ways to optimize energy usage and potentially generate additional revenue streams for customers, further bolstering their overall financial performance. Vurge’s service offering uncovers DER operational flexibility, which Voltus can then monetize on behalf of those customers.

    “While our core expertise lies in finding utility cost savings, we often discover that our customers have untapped potential for DER monetization,” said Vlad Kaufman, CEO at Vurge. “Now, with Voltus, we’re able to offer customers a reliable means of activating that idle flexibility — a process that opens up new revenue streams for customers without compromising site reliability.”

    About Vurge
    Vurge is a national leader in utility cost savings, helping businesses optimize electric, gas, water, and wastewater expenses through expert analysis and innovative solutions. By identifying billing errors, applicable credits and exemptions and negotiating better rates, Vurge delivers significant savings without altering operations or requiring capital spend. With a results-driven approach and a commitment to client success, Vurge empowers companies to take control of their utility costs and boost their bottom line.

    About Voltus
    Voltus is a leading DER technology platform and virtual power plant operator connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity. Our commercial and industrial customers and DER partners generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency, and electric vehicle resources in these markets. To learn more, visit www.voltus.co.

    Media Contact:
    Mona Khaldi
    press@voltus.co

    The MIL Network –

  • MIL-OSI: Crown LNG Signs Gas Sales MOU with India Gas Exchange

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 18, 2025 (GLOBE NEWSWIRE) — Crown LNG Holdings Limited (Nasdaq: CGBS) (“Crown” or “Crown LNG”), a leading provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, announced today the execution of a Memorandum of Understanding (MOU) with the India Gas Exchange Ltd. (“IGX”), India’s first automated national level trading platform. The MOU outlines how Crown and IGX plan to cooperate on liquefied natural gas (“LNG”) sales to pipeline customers downstream from Crown’s planned LNG import terminal in Kakinada, India.

    The signing ceremony on the sidelines of India Energy Week 2025 in New Delhi included Swapan Kataria, CEO of Crown LNG, and Rajesh Kumar Mediratta, Managing Director & CEO of IGX, and was witnessed by The Honorable Member of Parliament from Kakinada Shri Tangella Uday Srinivas, an advocate for building infrastructure to empower millions of households and to improve the development of new industries in Andhra Pradesh, including data centers requiring uninterrupted 24/7 power supply.

    The non-binding MOU provides a framework for LNG cargoes traveling through Crown’s regasification terminal to be listed, marketed, and sold on the IGX. Under the agreement, IGX will drive market awareness through workshops and industry engagement initiatives, encouraging wider participation in gas trading. Crown LNG will collaborate closely with IGX on LNG cargo arrivals and sales, ensuring a stable and efficient supply chain. Together, they aim to unlock new opportunities in India’s energy sector and reinforce the role of natural gas as a key driver of sustainable economic growth. Both organizations will explore further areas of cooperation to accelerate India’s 15% gas-based economy target by 2030, as envisioned by Prime Minister Narendra Modi.

    “This collaboration will offer Crown a unique position to sell gas to a large base of producers, traders, and offtakers throughout India,” said Swapan Kataria, Crown LNG CEO. “We believe this agreement is the first of several that will address the lack of supply for the eastern coast of the fourth largest LNG importer in the world. Together with IGX and our growing network of trusted local partners, we are excited to strengthen India’s energy security and to help make natural gas more accessible to industries and micro-enterprises across India.”

    The Kakinada terminal has received an approved total import capacity of 7.2 MMTPA. Crown expects to achieve final investment decision for the project in 2026 and to deliver first gas in 2029.

    About Crown LNG Holdings Limited
    Crown LNG is a leading provider of offshore LNG liquefaction and regasification terminal infrastructure solutions for harsh weather locations, which represent a significant addressable market for bottom-fixed, gravity based (“GBS”) liquefaction and floating storage regasification units, as well as associated green and blue hydrogen, ammonia and power projects. Through this approach, Crown aims to provide lower carbon sources of energy securely to under-served markets across the globe. Visit www.crownlng.com/investors for more information.

    Forward-Looking Information and Statements

    Certain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of Crown’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Crown. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Crown LNG Contacts

    Investors
    Caldwell Bailey
    ICR, Inc.
    CrownLNGIR@icrinc.com

    Media
    Zach Gorin
    ICR, Inc.
    CrownLNGPR@icrinc.com

    The MIL Network –

  • MIL-OSI: MARA Holdings Announces Closing of Texas Wind Farm Acquisition

    Source: GlobeNewswire (MIL-OSI)

    Fort Lauderdale, FL, Feb. 18, 2025 (GLOBE NEWSWIRE) — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, has closed its previously announced acquisition of a wind farm in Hansford County, Texas, with 240 megawatts of interconnection capacity and 114 megawatts of nameplate wind capacity.

    The site will utilize last-generation ASIC mining hardware that would have otherwise been written off or sold into the secondary market. By repurposing machines and energizing them with 100% renewable, zero-marginal energy cost, MARA is leveraging renewable resources that would have otherwise been curtailed, reducing bitcoin production costs through vertical integration, and demonstrating the commitment to environmental stewardship.

    “The closing of this acquisition represents a significant milestone in MARA’s ongoing transformation as we expand our asset base, following our strategic shift from an asset-light to an asset-heavy business model,” said Fred Thiel, MARA’s chairman and CEO. “With this added renewable energy asset, MARA now owns and operates 136 megawatts of generating capacity, strengthening our position across the entire energy generation and bitcoin mining process. This acquisition not only extends the economic life of our ASIC miners, but also drives reduction in operational costs, bringing us closer to achieving near net-zero operating costs. We are proud to revitalize this renewable energy asset, further underscoring our commitment to sustainability and long-term value creation.”

    About MARA

    MARA (NASDAQ: MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world’s preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.

    For more information, visit www.mara.com, or follow us on:

    Twitter: @MARAHoldings
    LinkedIn: www.linkedin.com/company/maraholdings
    Facebook: www.facebook.com/MARAHoldings
    Instagram: @maraholdingsinc

    MARA Company Contact:
    Telephone: 800-804-1690
    Email: ir@mara.com

    MARA Media Contact:
    Email: mara@wachsman.com

    The MIL Network –

  • MIL-OSI: PubMatic to Participate in Upcoming Financial Conferences

    Source: GlobeNewswire (MIL-OSI)

    NO-HEADQUARTERS/REDWOOD CITY, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) — PubMatic, Inc. (Nasdaq: PUBM), an independent technology company delivering digital advertising’s supply chain of the future, today announced that members of its management team are scheduled to participate at the following upcoming financial conferences.

    • The Citizens JMP Technology Conference on Monday March 3, 2025. Management will participate in a webcasted fire-side chat at 1:30 p.m. PT / 4:30 p.m. ET
    • KeyBanc Capital Markets Emerging Technology Summit on Tuesday March 4, 2025. Management will participate in a webcasted fire-side chat at 10:00 a.m. PT / 1:00 p.m. ET

    Live webcasts will be available in the “Events” section of PubMatic’s investor relations website at https://investors.pubmatic.com/news-events/investor-calendar. The webcast replay will be available following the conclusion of the live presentations for 90 days.

    About PubMatic

    PubMatic (Nasdaq: PUBM) is an independent technology company maximizing customer value by delivering digital advertising’s supply chain of the future. PubMatic’s sell-side platform empowers the world’s leading digital content creators across the open internet to control access to their inventory and increase monetization by enabling marketers to drive return on investment and reach addressable audiences across ad formats and devices. Since 2006, our infrastructure-driven approach has allowed for the efficient processing and utilization of data in real time. By delivering scalable and flexible programmatic innovation, we improve outcomes for our customers while championing a vibrant and transparent digital advertising supply chain.

    The MIL Network –

  • MIL-OSI: ECN Capital Schedules Q4-2024 Conference Call

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) announced today that it intends to file its financial statements and management discussion and analysis for the three-month period and full year ended December 31, 2024, after markets close on Thursday, February 27, 2025.

    The Company will host an analyst briefing to discuss these results commencing at 5:30 PM (ET) on Thursday, February 27, 2025. The call can be accessed as follows:

    A telephone replay of the conference call may also be accessed until March 27, 2025, by dialing 1-800-645-7964 and entering the passcode 5036#.

    About ECN Capital Corp.

    With managed assets of US$6.7 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American based banks, credit unions, life insurance companies, pension funds and institutional investors (collectively our “Partners”). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance and rental) loans. Our Partners are seeking high quality assets to match with their deposits, term insurance or other liabilities. These services are offered through two operating segments: (i) Manufactured Housing Finance, and (ii) Recreational Vehicles and Marine Finance.

    Contact

    Katherine Moradiellos
    561-631-8739
    kmoradiellos@ecncapitalcorp.com

    The MIL Network –

  • MIL-OSI: Infinera Announces Anticipated Closing Date of Acquisition by Nokia and Deadline for Infinera Stockholders to Revoke Election of Merger Consideration

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) — Infinera Corporation (NASDAQ: INFN) (“Infinera”) today announced that its pending acquisition (the “Transaction”) by Nokia Corporation (“Nokia”) is anticipated to be completed on or about February 28, 2025, which date remains subject to receipt of remaining outstanding regulatory approvals and the satisfaction of other remaining customary closing conditions.

    Based on the anticipated February 28, 2025 completion date, Infinera today also announced that the deadline to revoke a previously made election with respect to the form of merger consideration to be received in the Transaction is 5:00 p.m., New York City time, on February 21, 2025 (the “Election Revocation Deadline”). In the event that the anticipated completion date is delayed, Infinera will communicate an updated Election Revocation Deadline.

    Holders of shares of Infinera’s common stock who have made a valid election with respect to the form of merger consideration to be received in the Transaction and who wish to sell or otherwise transfer such shares may revoke their election prior to and in connection with selling or transferring such shares. No revocations will be accepted or effected after the Election Revocation Deadline.

    A holder of shares of Infinera’s common stock that are the subject of an election that has not been properly and timely revoked will no longer be able to sell or transfer such shares following the Election Revocation Deadline, and the holder will be entitled to receive the applicable merger consideration with respect to such shares upon completion of the Transaction.

    Infinera stockholders of record may, at any time prior to the Election Revocation Deadline, revoke a previously made election prior to and in connection with selling or transferring their shares by delivery of a notice of withdrawal (a “Notice of Withdrawal”) to Computershare Trust Company, N.A. (the “Exchange Agent”) at the applicable address set forth below:

      If delivering by U.S. mail: If delivering by courier:  
      Computershare Trust Company, N.A.
    c/o Voluntary Corporate Actions
    P.O. Box 43014
    Providence, RI 02940-3014    		 Computershare Trust Company, N.A.
    c/o Voluntary Corporate Actions
    150 Royall Street, Suite 101
    Canton, MA 02021    		  
           

    A revocation will be valid only if a properly completed and signed Notice of Withdrawal is received by the Exchange Agent by the Election Revocation Deadline.

    Infinera stockholders who hold shares through a bank, broker or other nominee may be subject to an earlier deadline for revoking elections, and should contact their bank, broker or other nominee for assistance revoking an election in connection with selling or transferring such shares.

    If an Infinera stockholder validly revokes a previously made election prior to the Election Revocation Deadline (or any earlier deadline applicable to the stockholder), that stockholder will be deemed to have elected to have those shares converted into the right to receive $6.65 per share in cash, without interest.

    The aggregate merger consideration payable by Nokia is subject to proration as described in the Proxy Statement/Prospectus (the “Proxy Statement/Prospectus”) filed with the U.S. Securities and Exchange Commission by Infinera and Nokia in connection with the Transaction. Infinera and Nokia intend only to announce the results of stockholder elections and required proration, if any, in connection with the closing of the Transaction.

    Infinera stockholders of record who wish to request election revocation materials, including a Notice of Withdrawal, should contact Sodali & Co at (800) 662-5200 (for registered holders of Infinera common stock) or (203) 658-9400 (for banks and brokers), or by email at INFN@investor.sodali.com. Infinera stockholders who hold shares through a bank, broker or other nominee should contact their bank, broker or other nominee for assistance revoking an election.

    Infinera stockholders should carefully read the Proxy Statement/Prospectus and all election and election revocation materials provided to them or filed by Infinera or Nokia in connection with the Transaction before revoking an election.

    About Infinera

    Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit www.infinera.com, follow us on X and LinkedIn, and subscribe for updates.

    No Offer or Solicitation

    This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Transaction and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote of approval, and there will not be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933.

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements contained in this communication may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially.

    Statements in this communication that are forward-looking may include statements regarding the anticipated closing of the Transaction and related matters.

    Risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, in addition to those identified above, include: (1) the possibility that the conditions to the closing of the Transaction are not satisfied, including the risk that required regulatory approvals to consummate the Transaction are not obtained, on a timely basis or at all; (2) the occurrence of any event, change or other circumstance that could give rise to a right to terminate the Transaction; (3) possible disruption related to the Transaction to the current plans, operations and business relationships of Nokia and Infinera, including through the loss of customers and employees; (4) the amount of the costs, fees, expenses and other charges incurred by Nokia and Infinera related to the Transaction; (5) the possibility that the stock prices of Nokia or Infinera could fluctuate during the pendency of the Transaction and may decline if the Transaction is not completed; (6) for both Nokia and Infinera, the possible diversion of management’s time and attention from ongoing business operations and opportunities; (7) the response of competitors and other market participants to the Transaction; (8) potential litigation relating to the Transaction; (9) uncertainty as to the timing of completion of the Transaction and the ability of each party to consummate the Transaction; and (10) the other risks and uncertainties detailed in the periodic reports that Nokia and Infinera file with the SEC. All forward-looking statements in this communication are based on information available to Infinera as of the date of this communication, and, except as required by law, Infinera does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    Contacts
    Amitabh Passi
    apassi@infinera.com

    The MIL Network –

  • MIL-OSI: Oxbridge / SurancePlus to Speak at RWA DAY During ETHDenver 2025

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, Feb. 18, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, announced today that CEO and Chairman Jay Madhu will be a featured speaker at RWA DAY during ETHDenver 2025, a premier event focused on Real-World Asset (RWA) tokenization, moderated by Adam Blumberg.

    Event Details: Oxbridge / SurancePlus CEO Jay Madhu and Adam Blumberg Fireside Chat
    Location: Hilton City Center, Denver, CO
    Date: Wednesday, February 26, 2025
    Time: 2:15 PM (MST)

    By using blockchain technology, SurancePlus transforms reinsurance contracts into decentralized, on-chain, tradable assets, offering uncorrelated, high-yield investment opportunities for investors, targeting a 20% and a 42% annual return.

    Fireside Chat Topics Include:

    • The impact of blockchain technology on the reinsurance industry
    • How decentralized tokenized reinsurance securities open new investment opportunities, with historical returns surpassing expectations and targeting annual returns of 20% and 42%.
    • The growth of RWAs and their integration into mainstream finance
    • Oxbridge’s strategic vision for expanding blockchain-based reinsurance solutions

    Jay Madhu, CEO of Oxbridge, commented, “I look forward to speaking at RWA DAY and discussing how SurancePlus is driving innovation in the reinsurance sector through decentralization and tokenization. Blockchain technology is transforming financial markets, and we are leading the way in bringing decentralized, institutional-grade RWA solutions to investors. Our tokenized reinsurance securities target annual returns of 20% and 42%.”

    Attendees at ETHDenver 2025 who are interested in learning more about Oxbridge / SurancePlus’ role in the RWA and blockchain space are encouraged to attend the session and connect with the team during the ETHDenver 2025 event.

    About Oxbridge Re Holdings Limited 

    Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.

    Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

    Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on-chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors. 

    Company Contact:
    Oxbridge Re Holdings Limited
    Jay Madhu, CEO
    +1 345-749-7570
    jmadhu@oxbridgere.com

    Forward-Looking Statements

    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2024. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward-looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.

    The MIL Network –

  • MIL-OSI: Zayo Achieves Record-breaking 1 Tb/s Transmission on Live North American Network with Infinera’s ICE7 Coherent Optical Solution

    Source: GlobeNewswire (MIL-OSI)

    DENVER and SAN JOSE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) — Zayo and Infinera (NASDAQ: INFN) announced today the successful completion of a live network trial using Infinera’s ICE7, a seventh-generation embedded optical engine, to deliver 1 Tb/s single 150GHz wavelength transmission over 1,391 kilometers (km) on a major North American route between Sacramento, CA and Salt Lake City. This achievement will enable Zayo to deliver a record-setting 32 terabits of C-Band capacity across this link, with the ability to double bandwidth to 64 terabits with L-Band. Powered by Infinera’s innovative ICE7 optical engine, this trial signals a major industry milestone, demonstrating the power and ability of Infinera’s ICE7 and Zayo’s state-of-the-art network to rapidly and cost-effectively address the increasing capacity demands of AI, cybersecurity, and enterprise needs.

    Zayo operates the largest independent network, spanning 132,000 route miles in North America alone, and one of the largest and most modern 400G networks in North America. The success of the trial demonstrates Zayo’s ability to seamlessly integrate innovative new solutions like Infinera’s ICE7 optical engine into its industry-leading network to deliver the highest capacity, speed, and efficiency to meet the growing demands of its customers.

    Infinera’s ICE7 optical engine features a 5-nm CMOS DSP and leverages the latest generation of advanced high-speed optics to deliver high-baud-rate (140+ Gbaud) and single-wavelength transmission of up to 1.2 Tb/s, highlighting the improved capacity-reach and significantly reduced cost per bit, power consumption, and footprint of coherent optical transport.

    “With the rapid growth in capacity needs due to high-bandwidth applications like AI, Zayo actively seeks innovative solutions to deliver superior performance of our network by increasing capacity, capability, and reach. This successful test highlights how Zayo’s network is, and will continue to be, well positioned to easily meet increasing customer demands,” said Aaron Werley, SVP of Engineering at Zayo. “We are pleased with the performance of Infinera’s ICE7 optical engine. Technology like this that can easily integrate into our existing infrastructure is critical to Zayo’s mission to expand and create capacity across North America in support of our customers’ critical connectivity needs.”

    “The success of this trial marks a major accomplishment for Infinera as it underscores the power of ICE7’s ability to transmit 1 Tb/s high-baud-rate signals across a significant distance, which will be instrumental in driving down network operator costs while meeting the rapidly growing bandwidth demands of their customers,” said Paul Crann, Senior Vice President and General Manager, Optical Systems, at Infinera.

    Infinera Media Contact:
    Anna Vue
    Tel. +1 (916) 595-8157
    avue@infinera.com

    Infinera Investors Contact:
    Amitabh Passi, Head of Investor Relations
    Tel. +1 (669) 295-1489
    apassi@infinera.com

    Zayo Media Contact:
    Bree Wood
    press@zayo.com

    About Zayo
    For more than 17 years, Zayo has empowered some of the world’s largest and most innovative companies to connect what’s next for their business. The Zayo group of companies connects 400 global markets with future-ready networks that span over 18.7 million fiber miles and 146,000 route miles. Zayo’s tailored connectivity solutions and managed services enable carriers, cloud providers, data centers, schools, and enterprises to deliver exceptional experiences, from core to cloud to edge. Discover how Zayo connects what’s next at www.zayo.com and follow us on LinkedIn.

    About Infinera
    Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit www.infinera.com, follow us on Twitter and LinkedIn, and subscribe for updates.

    Infinera and the Infinera logo are registered trademarks of Infinera Corporation.

    This press release contains forward-looking statements, including but not limited to the operational, performance and financial benefits of Infinera’s ICE7 optical engine. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Actual results may vary materially from these expectations as a result of various risks and uncertainties. Information about these risks and uncertainties, and other risks and uncertainties that affect Infinera’s business, is contained in the risk factors section and other sections of Infinera’s Quarterly Report on Form 10-Q for the Fiscal Quarter ended September 28, 2024 as filed with the SEC on November 5, 2024, as well as any subsequent reports filed with or furnished to the SEC. These reports are available on Infinera’s website at www.infinera.com and the SEC’s website at www.sec.gov. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies and can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

    The MIL Network –

  • MIL-OSI: Electrify Expo Expands in 2025 with New Cities, More Demos and Next-Level Experiences

    Source: GlobeNewswire (MIL-OSI)

    • North America’s premier electric vehicle festival returns for its biggest year yet, adding Chicago and Dallas to its eight-city tour
    • For the first time, attendees can choose from five ticket options, each tailored to enhance the experience for every type of EV shopper
    • New experiences, including the #EVRealityCheck Stage, alongside interactive demo zones like the Solar Zone, EV Charging Zone, Sim Zone, RC Zone and more

    AUSTIN, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) — Electrify Expo, North America’s largest electric vehicle (EV) and technology festival, is gearing up for its most exciting season yet in 2025. After a record breaking tour in 2024, Electrify Expo is expanding again, adding two major markets, Chicago and Dallas, to its eight city lineup. In addition to the new stops, attendees can look forward to expanded interactive zones and immersive experiences that showcase the latest advancements in electric mobility, charging and clean energy.

    “I have seen a massive increase in EV curiosity over recent months,” said BJ Birtwell, CEO and Founder of Electrify Expo. “US consumers appear eager to experience EVs and the best way to turn curious prospects into converts is with firsthand experiences, and that’s exactly what we do at Electrify Expo. We’ve become the 21st century Auto Mall jammed with attendees cross-shopping electric cars, trucks, motorcycles, bikes, scooters and more.”

    New for 2025
    Premium Ticket Experiences for Attendees: For the first time, Electrify Expo is offering five ticket options tailored to various needs and experiences.

    • General Admission Pass: All day access to the festival and demo experiences.
    • HeadStart Pass: Get early access to explore the festival an hour before general admission.
    • Dash Pass: Skip the lines with priority access to participating demo zones.
    • Power Pack: The best of both worlds, early entry plus priority access for the ultimate experience.
    • VIP Pass: Enjoy exclusive perks like premium lounge access, dash pass access, complimentary Electrify Expo merch, and VIP early entry.

    New Interactive Zones and Experiences: Building on its mission to provide hands-on EV experiences, Electrify Expo is unveiling new attractions in 2025.

    • EVRealityCheck Stage Powered by GreenCars: Debunk EV myths and challenge common EV misconceptions with live expert discussions, real world data and interactive Q&A sessions.
    • Electric Avenue: Go beyond the showroom with live product demonstrations, hands-on experiences and direct access to top EV brands.
    • The Solar Zone: Meet with a variety of solar manufacturers, retailers and installers and learn how Solar can power your home and EV…all while saving money.
    • EV Charging Zone: Get expert insights on EV charging, infrastructure and range with interactive demonstrations.
    • SIM Zone: Test your driving skills on high performance racing simulators in a hyper realistic setting.
    • Electric Stunt Zone: Watch pro riders push electric motorcycles to their limits in thrilling live performances at select locations.
    • LEV Zone: Experience the benefits of light electric vehicles, including UTVs, side by sides and modern electric golf carts.
    • RC Zone: Race high speed electric powered RC cars on tracks built for head to head competition.

    2025 tour schedule:

    • March 22-23: Orlando, FL
    • April 12-13: Phoenix, AZ
    • May 24-25: Dallas, TX **new city
    • June 21-22: Los Angeles, CA
    • July 12-13: Seattle, WA
    • August 23-24: San Francisco, CA
    • September 13-14: Chicago, IL **new city
    • October 18-19: New York, NY

    For the full 2025 schedule and to secure tickets, visit www.electrifyexpo.com. Media interested in attending may request credentials by emailing ee@skyya.com.

    Companies interested in exhibiting at the 2025 Electrify Expo locations can visit https://www.electrifyexpo.com/partner-registration.

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

    Media Contact
    Skyya PR
    ee@skyya.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/75ab5f32-89d3-44a9-8fd3-68efeab0ad0c

    The MIL Network –

  • MIL-OSI: Solid Power, Inc. Announces Timing of Full Year 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    LOUISVILLE, Colo., Feb. 18, 2025 (GLOBE NEWSWIRE) — Solid Power, Inc. (Nasdaq: SLDP), a leading developer of solid-state battery technology, today announced that it will release its full year 2024 results after market close on Thursday, February 27, 2025, to be followed by a conference call at 2:30 p.m. MT (4:30 p.m. ET) on the same day.

    The call may be accessed through a live audio webcast on Solid Power’s Investor Relations website at www.solidpowerbattery.com/investor-relations. An audio replay will be available at the same location.

    About Solid Power
    Solid Power is developing solid-state battery technology to enable the next generation of batteries for the fast-growing EV and other markets. Solid Power’s core technology is its electrolyte material, which Solid Power believes can enable extended driving range, longer battery life, improved safety, and lower cost compared to traditional lithium-ion. Solid Power’s business model – selling its electrolyte to cell manufacturers and licensing its cell designs and manufacturing processes – distinguishes the company from many of its competitors who plan to be commercial battery manufacturers. Ultimately, Solid Power endeavors to be a leading producer and distributor of sulfide-based solid electrolyte material for powering both EVs and other applications. For more information, visit http://www.solidpowerbattery.com/.

    Contacts
    investors@solidpowerbattery.com
    press@solidpowerbattery.com

    Source: Solid Power, Inc.

    The MIL Network –

  • MIL-OSI: Advanced Flower Capital Provides $15 Million Senior Secured Credit Facility to Story Ohio

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., Feb. 18, 2025 (GLOBE NEWSWIRE) — Advanced Flower Capital Inc. (f/k/a AFC Gamma, Inc.) (Nasdaq:AFCG) (“AFC”) today announced that it has committed and funded a $15 million senior secured credit facility to Story of Ohio LLC, the Ohio subsidiary of Story Companies (“Story”), a privately held multi-state operator of cannabis cultivation and retail facilities. Story intends to use the proceeds from the loan to acquire and build out dispensaries in Ohio.

    “We are pleased to support Story as it continues to expand its operations in Ohio,” said Daniel Neville, AFC’s Chief Executive Officer. “Story is one of the top private multi-state cannabis operators, led by a team of serial entrepreneurs who have consistently executed in a volatile cannabis market. We are excited to continue to support Story’s expansion.”

    Jason Vedadi, CEO of Story, commented, “We are pleased to once again partner with AFC to support Story’s expansion into a new state market. Dan Neville and his team understand the complexities of the cannabis industry, and their strategic approach aligns well with our vision for growth. This partnership enables Story to identify and capitalize on key market opportunities, and we look forward to continued success together.”

    AFC will hold the entire credit facility, which consists of a first-lien term loan secured by all of Story of Ohio LLC’s assets, including the value of its cannabis licenses and its owned real estate in both Ohio and Georgia, which is initially included as additional collateral. AFC Agent LLC served as agent for this transaction.

    About Advanced Flower Capital

    Advanced Flower Capital Inc. (Nasdaq:AFCG) is a leading commercial mortgage REIT that provides institutional loans to state-law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures, underwrites and manages loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows. It is based in West Palm Beach, Florida. For additional information regarding the company, please visit https://advancedflowercapital.com/.

    About Story Companies

    Story Companies is an emerging American Multi State Operator (MSO) in the fast-growing cannabis industry. Its core strategy is to develop and acquire vertically integrated cannabis assets in states which it believes have high profit margins, steep growth curves and which have recently, or are expected to soon, permit adult-use sales of cannabis. Story solves inherent risks in cannabis investing by bringing successful business and operational management expertise, access to capital, and proven integrity to the cannabis opportunity set. Story seeks to build its portfolio quickly and efficiently across multiple states and roll up the assets into a unified, branded company that will successfully compete with the largest MSOs.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the company’s current views and projections with respect to, among other things, market expansion and borrower activity and growth initiatives. All statements, other than historical facts, are forward-looking statements. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, risks and uncertainties discussed under the caption “Risk Factors” and elsewhere in AFC’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings, could cause actual results and performance to differ materially from those projected in these forward-looking statements.

    Investor Relations Contact

    Advanced Flower Capital
    Robyn Tannenbaum
    561-510-2293
    ir@advancedflowercapital.com

    Media Contact

    Profile Advisors
    Rich Myers & Rachel Goun
    347-774-1125
    srt@profileadvisors.com    

    The MIL Network –

  • MIL-OSI: Safepoint Holdings Migrates to Duck Creek OnDemand to Drive Operational Efficiency and Growth

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 18, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced that Safepoint Holdings (“Safepoint”) is live on Duck Creek OnDemand. Safepoint Holdings operates three platforms, Safepoint Insurance Company, Cajun Underwriters Reciprocal Exchange and Manatee Insurance Exchange, with collectively over 200,000 policyholders in Florida, Louisiana, Texas and the Gulf. This transition marks a significant milestone for Safepoint as it enhances its capabilities to serve the coastal regions of the United States with superior property and casualty insurance offerings. 

    “Transitioning to Duck Creek OnDemand is a strategic move that positions us for continued growth and innovation,” said Gus Fernandez, Chief Underwriting Officer at Safepoint Holdings. “With this implementation, we are confident in our ability to offer our policyholders enhanced service and peace of mind, while also driving operational efficiencies that allow us to adapt quickly to market changes.”

    With this migration, Safepoint can now access Duck Creek Policy and Billing to streamline operations, automate processes, and deliver superior customer service. This modernized approach supports Safepoint’s expansion goals and their commitment to providing independent insurance agents with robust tools to serve customers effectively.

    “Safepoint continues to offer comprehensive insurance solutions to coastal communities within the U.S. and Duck Creek is committed to helping them improve their operational efficiency and customer satisfaction,” said Chris McCloskey, Chief Operating Officer at Duck Creek Technologies. “By leveraging our cloud-based platform, Safepoint ensures they remain agile and responsive to the evolving needs of their policyholders.”

    Duck Creek’s premier delivery partner, Aggne, led the implementation project to ensure Safepoint quickly and successfully migrated to Duck Creek OnDemand, a cloud-based solution that eliminates the need for on-premises maintenance and allows for seamless scalability.

    “Safepoint’s successful cloud migration to Duck Creek OnDemand underscores Aggne’s expertise in digital transformations and intellectual property investments to solve our clients’ most complex challenges,” said Asha Kalidindi, CEO of Aggne Global, Inc. “Our award-winning Duck Creek capabilities enabled Safepoint to successfully migrate multiple Duck Creek versions, while launching two new writing companies and expanding into multiple states. Aggne migrated over 400,000 historical policy records in a record-setting eight months, utilizing SwiftUpgrade. Safepoint is now able to reduce operational costs, scale with resiliency, and accelerate the launch of new products to meet the needs of their growing customer base.”

    About Duck Creek Technologies  
    Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

    About Safepoint Holdings
    Founded in 2013, Safepoint Holdings, Inc., is a seasoned property and casualty insurance holding company headquartered in Tampa, Florida, with a successful 11-year track record.  The business strategy is to combine sophisticated actuarial analytics and risk management expertise to provide better value to individuals and businesses in underserved U.S. coastal and other catastrophe-prone property markets.  Safepoint Holdings is responsible for the management and operations of three insurance carriers – Safepoint Insurance Company, Cajun Underwriters Reciprocal Exchange, and Manatee Insurance Exchange – with a combined policyholder surplus of $150 million.

    About Aggne Global, Inc 
    ‍‍Aggne, a Wipro company, Duck Creek’s Systems Integrator Partner of the Year for 2024 is a global solutions provider for insurance carriers and insurtechs to enable market and distribution channel expansion and rapid product development.  As an industry leader in digital systems integration and cloud transformation, Aggne is uniquely positioned to deliver cost effective solutions in support of client’s strategic goals.  For more information, please visit www.aggne.com.

    Media Contacts:
    Marianne Dempsey/Tara Stred
    duckcreek@threeringsinc.com

    The MIL Network –

  • MIL-OSI: ManTech Names John Lossing Vice President of Industry Compliance

    Source: GlobeNewswire (MIL-OSI)

    HERNDON, Va., Feb. 18, 2025 (GLOBE NEWSWIRE) — ManTech, a leading provider of AI and mission-focused technology solutions, has named John Lossing as Vice President of Industry Compliance, serving as lead liaison with the Defense Contract Audit Agency (DCAA) and Defense Contract Management Agency (DCMA).

    “For more than 25 years, John Lossing has demonstrated his outstanding performance in compliance management, government contract accounting, business ethics and regulatory compliance,” said Jay Romyn, ManTech Chief Accounting Officer. “His proven experience with DCAA and DCMA, the Federal Acquisition Regulation (FAR) and Department of Defense FAR Supplement (DFARs) and Business Systems compliance make him ideal for this position with ManTech.”

    Prior to joining ManTech, Lossing served as Vice President – Compliance at Health Net Federal Services, where he managed regulatory compliance and business ethics program activities. He also led regulatory compliance at Northrop Grumman and Mission Essential, and government accounting at General Dynamics.

    Lossing earned his BS degree in Business Administration – Management Information Systems from the University of New Haven, West Haven, CT.

    About ManTech  
    ManTech provides mission-focused technology solutions and services for U.S. Defense, Intelligence and Federal Civilian agencies. In business for more than 56 years, we are a leading provider of AI solutions that power full-spectrum cyber, data collection & analytics, enterprise IT, high-end engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at www.mantech.com.

    Media Contact: 
    Jim Crawford 
    ManTech 
    Executive Director, External Communications 
    (M) 703-498-7315 
    James.Crawford2@ManTech.com  

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aeb17f39-a034-4d2c-99b7-e4fe6c7140b7

    The MIL Network –

  • MIL-OSI: Advance Solutions Partners with ServiceNow.org to Empower Nonprofits Through the 2025 Partnership for Good Grant

    Source: GlobeNewswire (MIL-OSI)

    ALPHARETTA, Ga., Feb. 18, 2025 (GLOBE NEWSWIRE) — Advance Solutions is proud to collaborate with ServiceNow.org as part of the 2025 Partnership for Good Grant initiative. Now in its second cohort, this transformative program will provide four nonprofit organizations with technology donations, expert-led implementation, consulting services, and monetary grants, totaling up to $2 million in investment from ServiceNow and its partners.

    The Partnership for Good Grant is designed to help nonprofits streamline operations, maximize resources, and expand their reach. Grant recipients will receive a free ServiceNow instance, software, licenses, and services valued at up to $250,000 over three years, along with 1,200 expert resource hours for implementation and a $100,000 direct monetary grant to support their mission.

    Advance Solutions’ Shared Vision with ServiceNow for Nonprofits

    Many nonprofits struggle with disconnected systems, high operational costs, and integration challenges, which hinder efficiency and impact. Advance Solutions is committed to providing the technology and expertise they need to overcome these barriers, allowing them to focus on their core mission.

    “The ServiceNow.org Partnership for Good Grant’s goal is to equip nonprofits with our world-leading technology to drive real and lasting change. By joining forces with Advance Solutions, we can reach more nonprofits with our technology and impact the global nonprofit sector in new and meaningful ways,” shared Vanessa Smith, President of ServiceNow.org. “Together, we’re helping mission-driven organizations scale their efforts and create a future where nonprofits can completely focus on the work that matters most.”

    As part of this initiative, Advance Solutions is honored to lead the Disaster and Community Support Grant, dedicated to supporting underserved communities and strengthening disaster response efforts.

    “Nonprofits are the backbone of our communities, and at Advance Solutions, we are committed to easing their operational burdens so they can focus on what truly matters—helping those in need,” said Gaurav Kochhar, Chief Executive Officer of Advance Solutions. “Through the ServiceNow.org Partnership for Good Grant, we are honored to support organizations making a real difference, ensuring they have the tools to respond swiftly and effectively in times of crisis.”

    By combining technology with nonprofit expertise, Advance Solutions and ServiceNow.org are enabling nonprofits to scale their impact and create lasting change. This partnership is not just about technology—it’s about empowering organizations to make a tangible difference where it matters most.

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

    About Advance Solutions

    Advance Solutions (ADVANCE) is a pure-play ServiceNow Elite Partner, recognized by Gartner and ISG Provider Lens for its expertise in ServiceNow consulting, implementation, and managed services. With over 1,000 successful implementations and a client base that includes more than 25% of Fortune 100 companies, ADVANCE is a trusted partner in IT, Employee, and Customer Workflow.

    With more than 16 years of experience in the ServiceNow landscape and a team of 400+ certified experts operating across AMER, APAC, APJ, and EMEA, ADVANCE specializes in IT, Employee, and Customer Workflows, helping businesses optimize operations, enhance employee experiences, and improve service delivery.

    As a certified Generative AI partner of ServiceNow, ADVANCE is at the forefront of AI-driven automation, IT operations optimization, and digital workflow transformation across industries such as Nonprofit, Healthcare, Financial Services, Telecom, Retail, Education, Manufacturing, and the Public Sector.

    As a dedicated ServiceNow partner, Advance Solutions has built custom workflow applications tailored to nonprofit needs, addressing real-world challenges with solutions that enhance efficiency, security, and service delivery while driving digital transformation. Our team works closely with organizations to ensure they leverage technology for greater impact.

    About ServiceNow

    ServiceNow (NYSE: NOW) makes the world work better for everyone. Our cloud based platform and solutions help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. So employees and customers can be more connected, more innovative, and more agile. And we can all create the future we imagine. The world works with ServiceNowTM.

    For more information, visit: ServiceNow

    ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.

    Media Contact:

    Subha Batra | subha.b@advanccesolutions.com
    Sr. Marketing Manager
    Advance Solutions Corp. (ADVANCE)

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2dd39516-4d4c-4c26-9048-00df5ed41bfb

    The MIL Network –

  • MIL-OSI: Allegro MicroSystems to Present at Morgan Stanley’s Technology, Media & Telecom Conference on March 4, 2025

    Source: GlobeNewswire (MIL-OSI)

    MANCHESTER, N.H., Feb. 18, 2025 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced that the company will present at Morgan Stanley’s Technology, Media & Telecom Conference on Tuesday, March 4, 2025 at The Palace Hotel in San Francisco, CA. Derek D’Antilio, EVP and Chief Financial Officer, is scheduled to participate in a fireside chat at 7:45 AM PT.

    A live and archived webcast of the fireside chat will be available on the Investor Relations page of the company’s website at www.allegromicro.com.

    About Allegro MicroSystems
    Allegro MicroSystems, Inc. is leveraging more than three decades of expertise in magnetic sensing and power ICs, to propel automotive, clean energy and industrial automation forward with solutions that enhance efficiency, performance and sustainability. Allegro’s commitment to quality drives transformation across industries, reinforcing our status as a pioneer in “automotive grade” technology and a partner in our customers’ success. 

    Contact: Jalene Hoover
    VP of IR & Corporate Communications
    Phone: +1 512 751 6526
    jhoover@allegromicro.com

    The MIL Network –

  • MIL-OSI: Franklin Electric Reports Fourth Quarter 2024 and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Fourth Quarter 2024 Highlights

    • Consolidated net sales of $485.7 million, an increase of 3% to the prior year
    • Energy Systems and Distribution net sales increased 5% and 6%, respectively, while Water Systems net sales were flat
    • Operating income was $43.0 million with operating margin of 8.9%
    • GAAP fully diluted earnings per share (EPS) was $0.72

    Full Year 2024 Highlights

    • Consolidated net sales of $2.0 billion, a decrease of 2% to the prior year
    • Distribution net sales increased 2%, while Water Systems and Energy Systems net sales decreased 2% and 8%, respectively
    • Operating income was $243.6 million with operating margin of 12.1%
    • GAAP fully diluted earnings per share (EPS) was $3.86
    • Cash flows from operating activities were $261.4 million

    FORT WAYNE, Ind., Feb. 18, 2025 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. today announced its fourth quarter and full year financial results for fiscal year 2024.

    Fourth quarter 2024 net sales were $485.7 million, compared to fourth quarter 2023 net sales of $473.0 million. Fourth quarter 2024 operating income was $43.0 million, compared to fourth quarter 2023 operating income of $50.8 million. Fourth quarter 2024 EPS was $0.72, versus EPS in the fourth quarter 2023 of $0.82.

    Full year 2024 net sales were $2.0 billion, compared to full year 2023 net sales of $2.1 billion. Full year 2024 operating income was $243.6 million, compared to full year 2023 operating income of $262.4 million. Full year 2024 EPS was $3.86, versus EPS in the full year 2023 of $4.11.

    “The fourth quarter marked a solid finish to a challenging year. Our results were driven by strong performance in our newly renamed Energy Systems segment. While we have worked through the elevated post-COVID backlogs at this time, underlying demand remains healthy, and we continue to execute on productivity initiatives as we align our businesses with the more normalized environment,” commented Joe Ruzynski, Franklin Electric’s CEO.

    “Our resiliency is supported by the breadth of our global portfolio, which has proven to be a strategic asset as we closed out a year shaped by macroeconomic pressures. Order trends have improved, and with the support of a very healthy balance sheet, we are well-positioned to capitalize on opportunities in the year ahead. In 2025, our focus turns to driving revenue growth and margin expansion as we accelerate innovation and growth,” concluded Mr. Ruzynski.

    Segment Summaries

    Water Systems net sales were $279.6 million in the fourth quarter, flat compared to the fourth quarter 2023. Results were driven by higher sales of groundwater products, water treatment products and all other surface products. These sales increases were offset by lower sales of large dewatering pumps, which had a record fourth quarter last year. Water Systems operating income in the fourth quarter 2024 was $35.6 million. Fourth quarter 2023 Water Systems operating income was $44.1 million.

    Distribution net sales were $157.2 million, an increase of $9.2 million or 6 percent compared to the fourth quarter 2023. Sales increases were driven by higher volumes and the incremental impact from a recent acquisition. The Distribution segment operating income in the fourth quarter 2024 was $0.5 million. Fourth quarter 2023 Distribution operating income was $1.0 million.

    Energy Systems net sales were $68.8 million in the fourth quarter 2024, an increase of $3.1 million or 5 percent compared to the fourth quarter 2023. Sales increases were driven by higher volumes and price realization. Energy Systems operating income in the fourth quarter 2024 was a record for any fourth quarter at $24.7 million. Fourth quarter 2023 Energy Systems operating income was $19.4 million. The Company has changed the name of the Fueling Systems segment to Energy Systems to reflect its diverse portfolio and growth strategy, as well as to better reflect the markets and customers served by the segment.

    Cash Flow

    The Company ended 2024 with a cash balance of $220.5 million, an increase of $135.5 million compared to the end of 2023. Net cash flows from operating activities for 2024 were $261.4 million versus $315.7 million in the same period in 2023. Cash flow in 2023 benefitted from actions the Company took to improve working capital including inventory reductions as its supply chain resiliency and lead times improved during the year.

    2024 Guidance

    The Company expects its full year 2025 sales including the impact of its recently announced acquisitions to be in the range of $2.09 billion to $2.15 billion and full year 2025 EPS to be in the range of $4.05 to $4.25.

    Earnings Conference Call

    A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The fourth quarter 2024 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to:

    https://edge.media-server.com/mmc/p/9jnstij5

    For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below.

    https://register.vevent.com/register/BI4b232e4ceea6435ba8f046e92e18e563

    All registrants will receive dial-in information and a PIN allowing them to access the live call. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call).

    A replay of the conference call will be available from Tuesday, February 18, 2025, through 9:00 am ET on Tuesday, February 25, 2025, by visiting the listen-only webcast link above.

    Forward Looking Statements

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases,  raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2023, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.

    About Franklin Electric

    Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek’s lists of America’s Most Responsible Companies and Most Trustworthy Companies for 2024 and America’s Climate Leaders 2024 by USA Today.

    Franklin Electric Contact:

    Jeffery L. Taylor
    Franklin Electric Co., Inc.
    InvestorRelations@fele.com

     
    FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited)
                   
    (In thousands, except per share amounts)              
                   
      Fourth Quarter Ended   Fiscal Year End
      December 31,   December 31,   December 31,   December 31,
      2024   2023   2024   2023
                   
    Net sales $ 485,745     $ 472,970     $ 2,021,341     $ 2,065,133  
                   
    Cost of sales   321,505       312,961       1,304,061       1,368,125  
                   
    Gross profit   164,240       160,009       717,280       697,008  
                   
    Selling, general, and administrative expenses   117,846       108,825       470,136       433,476  
                   
    Restructuring expense   3,360       356       3,499       1,091  
                   
    Operating income   43,034       50,828       243,645       262,441  
                   
    Interest expense   (1,339 )     (1,481 )     (6,319 )     (11,790 )
    Other income, net   630       1,831       1,339       3,696  
    Foreign exchange expense, net   (1,590 )     (4,026 )     (6,818 )     (12,124 )
                   
    Income before income taxes   40,735       47,152       231,847       242,223  
                   
    Income tax expense   6,443       8,322       50,238       47,489  
                   
    Net income $ 34,292     $ 38,830     $ 181,609     $ 194,734  
                   
    Less: Net income attributable to noncontrolling interests   (637 )     (281 )     (1,300 )     (1,462 )
                   
    Net income attributable to Franklin Electric Co., Inc. $ 33,655     $ 38,549     $ 180,309     $ 193,272  
                   
    Income per share:              
    Basic $ 0.73     $ 0.83     $ 3.92     $ 4.17  
    Diluted $ 0.72     $ 0.82     $ 3.86     $ 4.11  
                   
    FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (Unaudited)
           
    (In thousands)      
           
      December 31,   December 31,
      2024   2023
    ASSETS      
           
    Cash and cash equivalents $ 220,540     $ 84,963  
    Receivables (net)   226,826       222,418  
    Inventories   483,875       508,696  
    Other current assets   32,950       37,718  
    Total current assets   964,191       853,795  
           
    Property, plant, and equipment, net   223,566       229,739  
    Lease right-of-use Assets, net   62,637       57,014  
    Goodwill and other assets   570,212       587,574  
    Total assets $ 1,820,606     $ 1,728,122  
           
           
    LIABILITIES AND EQUITY      
           
    Accounts payable $ 157,046     $ 152,419  
    Accrued expenses and other current liabilities   139,989       104,949  
    Current lease liability   18,878       17,316  
    Current maturities of long-term debt and short-term borrowings   117,814       12,355  
    Total current liabilities   433,727       287,039  
           
    Long-term debt   11,622       88,056  
    Long-term lease liability   43,304       38,549  
    Income taxes payable non-current   –       4,837  
    Deferred income taxes   10,193       29,461  
    Employee benefit plans   29,808       35,973  
    Other long-term liabilities   22,118       33,914  
     
    Redeemable noncontrolling interest   1,224       1,145  
           
    Total equity   1,268,610       1,209,148  
    Total liabilities and equity $ 1,820,606     $ 1,728,122  
           
    FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (In thousands)      
           
      2024   2023
    Cash flows from operating activities:      
    Net income $ 181,609     $ 194,734  
    Adjustments to reconcile net income to net cash flows from operating activities:      
    Depreciation and amortization   56,073       52,260  
    Non-cash lease expense   21,438       18,852  
    Share-based compensation   12,061       10,133  
    Other   (13,327 )     10,259  
    Changes in assets and liabilities:      
    Receivables   (17,045 )     19,150  
    Inventory   10,889       48,176  
    Accounts payable and accrued expenses   15,285       (23,085 )
    Operating leases   (21,129 )     (18,874 )
    Income taxes-U.S. Tax Cuts and Jobs Act   (3,870 )     (2,902 )
    Other   19,369       7,007  
           
    Net cash flows from operating activities   261,353       315,710  
           
    Cash flows from investing activities:      
    Additions to property, plant, and equipment   (41,682 )     (41,415 )
    Proceeds from sale of property, plant, and equipment   1,182       1,494  
    Acquisitions and investments   (5,201 )     (34,831 )
    Other investing activities   73       463  
           
    Net cash flows from investing activities   (45,628 )     (74,289 )
           
    Cash flows from financing activities:      
    Net change in debt   29,235       (115,529 )
    Proceeds from issuance of common stock   7,204       9,193  
    Purchases of common stock   (61,041 )     (43,332 )
    Dividends paid   (46,876 )     (41,723 )
    Deferred payments for acquisitions   (2,591 )     (802 )
           
    Net cash flows from financing activities   (74,069 )     (192,193 )
           
    Effect of exchange rate changes on cash   (6,079 )     (10,055 )
    Net change in cash and cash equivalents   135,577       39,173  
    Cash and cash equivalents at beginning of period   84,963       45,790  
    Cash and cash equivalents at end of period $ 220,540     $ 84,963  
           

    Key Performance Indicators: Net Sales Summary

      Net Sales For the Fourth Quarter
      United
    States    		 Latin Europe,
    Middle    		 Asia Total        
    (in millions) & Canada America East & Africa Pacific Water Energy** Distribution Other/Elims Consolidated
                       
    Q4 2023 $161.2   $46.6   $45.5   $26.3   $279.6   $65.7   $148.0   ($20.3 ) $473.0  
    Q4 2024 $158.5   $44.3   $49.7   $27.1   $279.6   $68.8   $157.2   ($19.9 ) $485.7  
    Change ($2.7 ) ($2.3 ) $4.2   $0.8   $0.0   $3.1   $9.2   $0.4   $12.7  
    % Change   -2 %   -5 %   9 %   3 %   0 %   5 %   6 %     3 %
                       
    Foreign currency translation, net* ($0.4 ) ($5.5 ) ($0.8 ) ($0.8 ) ($7.5 ) $0.0   $0.0     ($7.5 )
    % Change   0 %   -12 %   -2 %   -3 %   -3 %   0 %   0 %     2 %
                       
    Acquisitions $3.1   $0.0   $0.0   $0.0   $3.1   $0.0   $4.0     $7.1  
    % Change   2 %   0 %   0 %   0 %   1 %   0 %   3 %     2 %
                       
    Volume/Price ($5.4 ) $3.2   $5.0   $1.6   $4.4   $3.1   $5.2   $0.4   $13.1  
    % Change   -3 %   7 %   11 %   6 %   2 %   5 %   4 %   -2 %   3 %
                       
      Net Sales For the Full Year
      United
    States    		 Latin Europe,
    Middle    		 Asia Total        
    (in millions) & Canada America East & Africa Pacific Water Energy** Distribution Other/Elims Consolidated
                       
    FY 2023 $744.4   $174.2   $198.3   $86.8   $1,203.7   $296.5   $673.3   ($108.4 ) $2,065.1  
    FY 2024 $708.5   $170.9   $211.4   $93.2   $1,184.0   $273.7   $685.5   ($121.9 ) $2,021.3  
    Change ($35.9 ) ($3.3 ) $13.1   $6.4   ($19.7 ) ($22.8 ) $12.2   ($13.5 ) ($43.8 )
    % Change   -5 %   -2 %   7 %   7 %   -2 %   -8 %   2 %     -2 %
                       
    Foreign currency translation, net* ($0.9 ) ($9.7 ) ($6.3 ) ($2.4 ) ($19.3 ) $0.0   $0.0     ($19.3 )
    % Change   0 %   -6 %   -3 %   -3 %   -2 %   0 %   0 %     -1 %
                       
    Acquisitions $17.6   $0.0   $0.0   $0.0   $17.6   $0.0   $17.1     $34.7  
    % Change   2 %   0 %   0 %   0 %   1 %   0 %   3 %     2 %
                       
    Volume/Price ($52.6 ) $6.4   $19.4   $8.8   ($18.0 ) ($22.8 ) ($4.9 ) ($13.5 ) ($59.2 )
    % Change   -7 %   4 %   10 %   10 %   -1 %   -8 %   -1 %   12 %   -3 %
                       

    *The Company has presented local currency price increases used to offset currency devaluation in the Argentina and Turkey hyperinflationary economies within the foreign currency translation, net row above.
    ** Recognizing the Company’s diverse portfolio and growth strategy, it renamed its Fueling Systems segment to Energy Systems to better reflect the markets and customers served by this business.

    Key Performance Indicators: Operating Income and Margin Summary

    Operating Income and Margins          
    (in millions) For the Fourth Quarter 2024
      Water Energy Distribution Other/Elims Consolidated
    Operating Income / (Loss) $ 35.6   $ 24.7   $ 0.5   $ (17.8 ) $ 43.0  
    % Operating Income To Net Sales   12.7 %   35.9 %   0.3 %     8.9 %
               
    Operating Income and Margins          
    (in millions) For the Fourth Quarter 2023
      Water Energy Distribution Other/Elims Consolidated
    Operating Income / (Loss) $ 44.1   $ 19.4   $ 1.0   $ (13.7 ) $ 50.8  
    % Operating Income To Net Sales   15.8 %   29.5 %   0.7 %     10.7 %
               
    Operating Income and Margins          
    (in millions) For the Full Year of 2024
      Water Energy Distribution Other/Elims Consolidated
    Operating Income / (Loss) $ 197.9   $ 93.6   $ 24.3   $ (72.2 ) $ 243.6  
    % Operating Income To Net Sales   16.7 %   34.2 %   3.5 %     12.1 %
               
    Operating Income and Margins          
    (in millions) For the Full Year of 2023
      Water Energy Distribution Other/Elims Consolidated
    Operating Income / (Loss) $ 196.6   $ 92.7   $ 34.3   $ (61.2 ) $ 262.4  
    % Operating Income To Net Sales   16.3 %   31.3 %   5.1 %     12.7 %
               

    The MIL Network –

  • MIL-OSI: Regula Software Now Supports the Latest Standard for Biometric Passport Verification

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., Feb. 18, 2025 (GLOBE NEWSWIRE) — With its latest update, Regula Document Reader SDK, a comprehensive software solution for identity document verification, ensures 100% support for the new ISO/IEC 39794-5 standard regulating the methods of facial data storage and verification in e-passport chips. According to the ICAO guidelines, all document readers and verification systems must be compatible with the new standard by 2026, with passport issuers required to fully adopt the new format by 2030.

    The ISO/IEC 39794-5 standard introduces an enhanced framework for facial image data, significantly improving interoperability, processing speed, and recognition accuracy across different identity verification (IDV) systems worldwide. Unlike the previous ISO/IEC 19794-5:2005 standard, which primarily stored a basic facial image, the new format records additional metadata, including detailed facial landmarks, precise eye and hair color, and other biometric attributes.

    Regula Document Reader SDK correctly extracts and verifies facial data encoded in the e-passport chip under the new ISO/IEC 39794-5 standard

    Why this matters

    The richer set of pre-stored reference points eliminates the need for separate face detection and feature extraction during verification. Instead of calculating key facial points from scratch, IDV systems can use the pre-recorded metadata, accelerating processing times and ensuring consistent, high-quality recognition results—regardless of the local algorithm used for comparison. This standardization guarantees that a person’s face in their passport will be consistently and accurately verified across different countries, improving global interoperability.

    Apart from that, the ISO/IEC 39794-5 standard implements a flexible framework for future extensions. This means that as new attributes or enhancements are introduced in the future, all systems supporting this standard will remain fully functional without requiring urgent updates—unlike the current situation, where all IDV systems would need to be updated to accommodate new data formats.

    Preparing for the transition

    Although the current ISO/IEC 19794-5:2005 will remain valid, the industry has started the transition period, and businesses worldwide should be ready to process the new format data before 2026.

    Regula’s long-standing expertise in secure RFID chip reading and trustworthy data verification ensured smooth adaptation to the new standard even prior to its coming into force. The company’s participation in the recent testing event in Australia demonstrated its ability to correctly extract, interpret, and verify biometric facial data encoded according to ISO/IEC 39794-5. This means that identity verification systems using Regula’s software are future-proofed against compatibility issues that could arise as countries transition to the new format.

    In addition, the new standard will require organizations from banks to border control to update their passport readers with software that fits this standard. Regula’s IDV software is compatible with most document readers on the market and can be easily used with any device model. This implies a seamless transition to the new standard without replacing existing hardware, ensuring a cost-effective and hassle-free upgrade.

    “The shift to ISO/IEC 39794-5 is a major step forward in improving compatibility and efficiency in biometric verification. With more detailed metadata now embedded in e-passports, identity verification systems can achieve faster processing and more accurate recognition results. Our expertise in RFID chip processing ensures that Regula’s technology is already fully equipped to support this transition, providing organizations with seamless, future-proof solutions that help them stay in line with regulatory changes,” says Ihar Kliashchou, Chief Technology Officer at Regula.

    To get additional information about the latest update to Regula Document Reader SDK, read the technical documentation. If you are interested in learning more about how Regula processes RFID chip data, visit the official website.

    About Regula

    Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification.

    Learn more at www.regulaforensics.com.

    Contact:
    Kristina – ks@regulaforensics.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c509aaf2-d68d-4366-a3a5-25560e7c4c54

    The MIL Network –

  • MIL-OSI: In Wake of Sharp Uptick in Judicial Threats, Ironwall by Incogni Offers Complimentary Protective Services to Judges

    Source: GlobeNewswire (MIL-OSI)

    ORANGE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) — Following recent threats against Judge Paul Engelmayer, whose personal information was posted online after his ruling against the Trump administration on federal database access, Ironwall by Incogni is calling for urgent action to protect federal judges from exposure to personal threats. To support this effort, the company is offering its Ironwall data protection service to current federal judges free of charge for three months when signing up by March 10, 2025.

    “Despite the heightened risks faced by members of the judiciary, the vast majority of federal judges remain unprotected from the increasing weaponization of personal data,” said Ron Zayas, CEO of Ironwall. “The rapid spread of home addresses, contact details, and personal threats online is a serious security risk. Yet, unlike other public officials, most judges have little to no protection from this kind of exposure. This is unacceptable.”

    The Bolch Judicial Institute at Duke University has raised the alarm, highlighting how judges are now under attack more frequently and with greater intensity than ever before. The current crisis stems from the ease with which personal information can be found and weaponized against them. As Judge Engelmayer’s case demonstrates, a single decision can trigger a deluge of threats, with bad actors leveraging social media and data broker sites to expose judges and their families to potential harm.

    Proactive Privacy Protection

    Ironwall provides a comprehensive privacy protection solution specifically designed for at-risk professionals, including judges, court officials, and law enforcement. The service actively removes judges’ personal data from public databases, reducing their online footprint and minimizing the risk of targeted harassment. Unlike traditional privacy protection services, Ironwall employs continuous, real-time monitoring to ensure that removed information does not resurface.

    The Ironwall service features:

    • Daily Data Scans: Continuous monitoring and removal of personal information from data brokers and search engines.
    • Identity Protection Tools: VPN access, email aliasing, and VoIP number masking to shield personal data.
    • Legal Compliance Support: Ensuring that any exposed data is removed in accordance with state and federal privacy laws.

    Federal judges are encouraged to request access to the Ironwall service here.

    Urgent Need for Legislation & Institutional Support

    While Ironwall provides immediate and effective protection, the broader issue remains: most federal judges lack institutional safeguards against personal data exposure. Current federal protections are limited, leaving judges to navigate privacy threats on their own. Ironwall is urging policymakers, judicial organizations, and law enforcement to push for stronger protections and data privacy legislation to prevent further harm.

    “No judge should have to weigh their personal safety against their duty to uphold the law,” added Zayas. “It is imperative that we act now to ensure their security, both online and offline.”

    Ironwall is committed to standing with the judiciary and those who uphold the rule of law. To learn more about how to help protect judicial officers, visit ironwall.com.

    For further insights into the risks judges face and how we can mitigate them, download our latest white paper: “The Weaponization of Privacy: Why It Will Get Worse, and How You Can Stop It”

    About Ironwall by Incogni

    Ironwall by Incogni strongly supports the idea of a safe and private internet. As a legally contracted agent, Ironwall works with superior courts, social work departments, and law enforcement agencies to search and remove personal information from websites in violation of state and federal privacy restrictions. Ironwall is a member of the Surfshark and NordSec family of companies. For more information, visit https://ironwall.com/.

    Editorial Contact:

    David Hofstede
    Ironwall by Incogni
    844-476-6360 x600
    david.hofstede@ironwall.com

    The MIL Network –

  • MIL-OSI: SIOS Technology Honored with Multiple Industry Awards for Innovation in High Availability and Disaster Recovery

    Source: GlobeNewswire (MIL-OSI)

    SAN MATEO, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) — SIOS Technology Corp., a leading provider of application high availability (HA) and disaster recovery (DR) solutions, today announced that it has received multiple industry recognitions for its innovative solutions that ensure reliability, uptime, and data protection for business-critical applications. These accolades reinforce SIOS’ commitment to delivering cutting-edge technology for high availability and disaster recovery in cloud, hybrid cloud, and on-premises environments.

    SIOS was recently honored with the following awards:

    • TMC Cloud Computing Excellence Award – SIOS DataKeeper Cluster Edition was named a winner of this prestigious award, recognizing its ability to enable highly available and resilient cloud-based applications. DataKeeper Cluster Edition provides real-time, block-level replication for Windows environments, ensuring continuous application availability in the cloud without the need for shared storage.
    • Best in Biz North America – Silver Award for Most Innovative Version of the Year – SIOS LifeKeeper for Linux version 9.8.1 was recognized for its groundbreaking innovations, including enhanced automation, security, and cloud deployment capabilities. This latest version empowers enterprises to achieve seamless high availability for mission-critical applications, reducing complexity and minimizing downtime risks.
    • TMC Cloud Computing Magazine Backup & Disaster Recovery Award – SIOS LifeKeeper for Linux v9.9.0 was honored for its excellence in disaster recovery. The award acknowledges its robust capabilities in protecting essential workloads with advanced failover automation and enhanced security, ensuring seamless operations across hybrid and cloud environments.

    “These awards are a testament to SIOS Technology’s ongoing commitment to innovation and excellence in high availability and disaster recovery,” said Margaret Hoagland, VP of Global Sales and Marketing at SIOS Technology. “We are honored to be recognized by these esteemed organizations, as it reinforces the value we bring to enterprises seeking reliable, easy-to-manage solutions that protect their most critical applications and data.”
    SIOS continues to drive innovation in the HA/DR space, delivering solutions that help businesses ensure application uptime, data integrity, and operational resilience in an evolving IT landscape.

    About SIOS Technology Corp.

    SIOS Technology Corp. high availability and disaster recovery solutions ensure availability and eliminate data loss for critical Windows and Linux applications operating across physical, virtual, cloud, and hybrid cloud environments. SIOS clustering software is essential for any IT infrastructure with applications requiring a high degree of resiliency, ensuring uptime without sacrificing performance or data – protecting businesses from local failures and regional outages, planned and unplanned. Founded in 1999, SIOS Technology Corp. (https://us.sios.com) is headquartered in San Mateo, California, with offices worldwide.

    SIOS, SIOS Technology, SIOS DataKeeper, SIOS LifeKeeper and associated logos are registered trademarks or trademarks of SIOS Technology Corp. and/or its affiliates in the United States and/or other countries. All other trademarks are the property of their respective owners.

    Media Contact:

    Beth Winkowski
    Winkowski Public Relations, LLC for SIOS
    978-649-7189
    bethwinkowski@US.SIOS.com

    The MIL Network –

  • MIL-OSI: Maestro Raises $3M in Seed Funding to Propel the Bitcoin DeFi Revolution

    Source: GlobeNewswire (MIL-OSI)

    Enterprise-grade blockchain infrastructure transforms Bitcoin from a store of value into a decentralized financial ecosystem

    AUSTIN, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) — Maestro, the first enterprise-grade infrastructure provider designed from the ground up for Bitcoin DeFi, today announced the successful close of its $3 million seed funding round. Co-led by Wave Digital Assets and Draper Associates—with participation from UTXO Management, Bitcoin Frontier Fund, Draper Dragon, and Necto Labs—the capital injection will accelerate Maestro’s mission to enable businesses, financial institutions, and even nation-states to seamlessly interface with the emerging Bitcoin financial system.

    “I believe the Bitcoin economy will be a catalyst for global economic empowerment, transforming how people interact with money on every level. Maestro provides the critical infrastructure needed for this digital financial revolution. I’m thrilled to lead this seed round and support a future where Bitcoin empowers communities worldwide.” — Tim Draper, Founder of Draper Associates

    Maestro stands at the forefront of Bitcoin Defi, pioneering UTXO-based infrastructure services that simplify the complex process of building Bitcoin-native financial applications. Maestro offers high-performance APIs, powerful developer tooling, and innovative solutions such as mempool metaprotocol indexing that enables real-time onchain insights. Maestro is laying the foundation for a decentralized financial ecosystem reminiscent of the transformative impact cloud providers like AWS had on the Web2 technology sector.

    “With this seed round, we’re not just raising capital—we’re igniting a movement to unlock Bitcoin’s full potential as a financial system,” said Marvin Bertin, CEO at Maestro. “Our vision is to redefine how tech companies and enterprises interact with Bitcoin, moving it beyond a digital store of value to a dynamic, programmable platform for decentralized finance. We are running the infrastructure that will power the blockchain economy of tomorrow. ”

    How Maestro is fueling a financial transformation by empowering the Bitcoin ecosystem:

    • An All-In-One Blockchain Infrastructure Platform: Last year Maestro released a state-of-the-art UTXO indexing platform taylor-made for the needs of Defi on Bitcoin. This year, Maestro is onboarding top protocols across all Defi segments: crypto wallets, decentralized exchanges, and lending protocols that will onboard millions to Bitcoin.
    • Bridging Traditional and Decentralized Finance: Maestro’s technology overcomes longstanding barriers, such as poor developer tooling, delivering a user experience that empowers both innovative startups and enterprises to build scalable financial products directly on Bitcoin’s base layer.
    • Ecosystem Partnerships: The company is forging strategic alliances across the Bitcoin landscape. For example, a collaboration with Arch Network to enable Bitcoin contract programmability via a parallel execution layer. Another example is Saturn leveraging Maestro to launch the first AMM DEX on Bitcoin L1, enabling a trustless high-frequency trading experience

    “Saturn and Maestro are redefining what’s possible on the base layer of Bitcoin, delivering a user experience that feels like sub-1-second transactions. It’s about bringing unparalleled efficiency and usability to Bitcoin’s foundation, setting a new standard for decentralized trading,” noted Saturn.

    Maestro’s technology is already making significant inroads into the broader Bitcoin ecosystem. By providing the blockchain infrastructure needed to catalyze what many are calling the first “DeFi Summer” on Bitcoin. The company’s innovative approach not only enhances Bitcoin’s utility but also paves the way for traditional financial institutions to leverage Bitcoin’s $2 trillion market cap to power a new generation of financial services.

    “At Wave, we like to invest in critical infrastructure that powers the future of blockchain adoption. Maestro is solving one of the biggest bottlenecks in crypto—building developer-friendly infrastructure for UTXO chains like Bitcoin and Cardano. Their platform provides scalable APIs that dramatically accelerates development for dApp builders. This is the kind of foundational innovation that moves the entire ecosystem forward. We’re excited to back Maestro as they continue to push the boundaries of blockchain infrastructure and enable the next generation of builders.” – David Siemer, CEO at Wave Digital Assets

    The $3 million raised in this seed round underscores the investment community’s support for Maestro’s vision and technological expertise. With the backing of industry-leading investors, Maestro is well-positioned to accelerate the transition of Bitcoin from a mere store of value to a vibrant, blockchain-native financial ecosystem that is secure, scalable, and accessible to all communities around the globe.

    For more information about Maestro visit www.gomaestro.org.

    About Maestro
    Maestro is the first enterprise-grade infrastructure provider tailor-made for Bitcoin DeFi. Its mission is to accelerate the world’s transition to the Bitcoin Economy by delivering a comprehensive, scalable infrastructure stack optimized for UTXO-based decentralized finance. By empowering developers with robust tools and APIs, Maestro is setting a new standard for how financial applications are built on Bitcoin—fueling the evolution of a decentralized, blockchain-native financial system.

    Press Contact:
    Marvin Bertin
    CEO
    Email: mbertin@gomaestro.org
    TG: @MarvinDefi

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bca2c1f4-5537-427c-af2d-061673b04da5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7ce65303-5cea-48d5-a9a8-6b5beacf14a7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/24e9ec4d-30f7-4978-91a9-7939d5ba34f8

    The MIL Network –

  • MIL-OSI: Inception Growth Acquisition Limited Announces Additional Contribution to Trust Account to Extend Business Combination Period

    Source: GlobeNewswire (MIL-OSI)

    New York, Feb. 18, 2025 (GLOBE NEWSWIRE) — Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on February 12, 2025, the Company deposited $11,199.60 into the Company’s trust account (the “Trust Account”)  in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from February 13, 2025 to March 13, 2025. The purpose of the extension is to provide additional time for the Company to complete a business combination.

    About Inception Growth Acquisition Limited

    Inception Growth Acquisition Limited is a blank check company incorporated under the laws of Delaware whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. 

    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, including the successful consummation of the Company’s initial public offering, 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.

    Contact

    Inception Growth Acquisition Limited
    Investor Relationship Department
    (315) 636-6638

    The MIL Network –

  • MIL-OSI: Form 8.3 – [ALLIANCE PHARMA PLC – 17 02 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ALLIANCE PHARMA PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 17 FEBRUARY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 12,245,764 2.2654    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 12,245,764 2.2654    

    NOTE: On 14/02/2025 there was a transfer in of 4,130 shares by a discretionary client.

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 4,075 61.515p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 18 FEBRUARY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: American Lamprecht Enhances Visibility for Air and Ocean Shipments Using Descartes Solution

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Georgia and AMERSFOORT, The Netherlands, Feb. 18, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Illinois-based freight forwarder American Lamprecht is providing its customers with real-time visibility into the location and status of their air and ocean shipments using Descartes’ shipment tracking capabilities, which are integrated with Descartes’ cloud-based forwarder enterprise billing and accounting solution.

    “Today’s customers expect to view the status of their shipments on-demand across all modes of transport,” said Patrick Imhof, CEO at American Lamprecht. “With Descartes’ advanced tracking, we can provide shippers with anytime, anywhere insights into shipment location and status at every stage of the air or ocean journey. This not only enhances customer service standards, but also allows us to reduce the time spent tracking shipments manually. Combined with the efficiency gains from the integration with our Descartes forwarder system, we’re better positioned to drive up overall service levels with more effective operations and higher-value productive time with customers.”

    As part of the Descartes Global Logistics Network™ (Descartes GLN™), one of the world’s most extensive logistics networks, Descartes’ advanced shipment tracking capabilities connect to a wide range of air and ocean carriers to populate Descartes OneView™ Forwarder Enterprise. An on-demand, multimodal forwarder back-office solution, Descartes OneView Forwarder Enterprise is used by thousands of forwarders and customs brokers as the foundation of their accounting, financial reporting and billing operations. Using the combined solution, logistics service providers, such as American Lamprecht, can automate ocean and air freight tracking with real-time visibility, predictive ETAs, intelligent alerts, and consolidated data from a single reliable source, enabling better decision-making and risk management.

    “We’re pleased to help American Lamprecht provide customers with easy access to real-time status information on air and ocean shipments by leveraging additional value offered by the Descartes OneView platform,” said Scott Sangster, General Manager, Logistics Services Providers at Descartes. “Whether for imports or exports, the combined solution helps logistics service providers drive much more efficient digital shipment workflows to better coordinate the movement of freight and boost customer service levels without adding labor.”

    About Descartes

    Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.

    Global Media Contact
    Cara Strohack
    cstrohack@descartes.com

    Cautionary Statement Regarding Forward-Looking Statements

    This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ broker and forwarder enterprise system solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

    The MIL Network –

  • MIL-OSI: Beamr Strengthens Partnership with AWS by Joining AWS ISV Accelerate: a Global Co-Sell Program

    Source: GlobeNewswire (MIL-OSI)

    “Our partnership with AWS is strategic to Beamr’s growth, and joining the ISV Accelerate program represents a significant milestone in our cloud strategy,” said Beamr CEO, Sharon Carmel

    Herzliya Israel, Feb. 18, 2025 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today announced it has joined the AWS ISV Accelerate program, a global co-sell initiative for Amazon Web Services (AWS) partners. As an Independent Software Vendor (ISV) in the program, Beamr demonstrates strong alignment with AWS’s go-to-market strategies and initiatives. Beamr had progressed from listing on AWS Marketplace to becoming an ISV Accelerate member in just three months.

    “Our partnership with AWS is strategic to Beamr’s growth, and joining the ISV Accelerate program represents a significant milestone in our cloud strategy,” said Beamr CEO, Sharon Carmel. “As businesses and organizations across various industries face growing video operations challenges, this enhanced collaboration with AWS will allow us to deliver our innovative GPU-accelerated solutions to a global customer base more effectively,” Carmel added.

    The AWS ISV program offers key benefits to drive visibility and co-selling opportunities. By joining, Beamr can expand sales operations through the AWS sales organization and the AWS Marketplace, driving increased growth for Beamr Cloud – the video optimization service that is seamlessly connected with AWS S3 cloud storage service. For example, AWS Account Managers are eligible for incentives when selling Beamr Cloud through AWS Marketplace. They also gain exposure to ISVs through solution partner recommendation engines.

    ISVs like Beamr benefit from focused co-sell support and resources, including access to training, workshops, and technical certifications to enhance collaboration and market success. Beamr Cloud offers scalable optimization of large video libraries, automatic upgrade to the high-performance AV1 video format (AOMedia Video 1), efficient and cost-effective video enrichment with AI-driven capabilities, in tandem with video transcoding, and other advanced video operations.

    About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization and modernization. The company serves top media companies like Netflix and Paramount. Beamr’s inventive perceptual optimization technology (CABR) is backed by 53 patents and won the Emmy® award for Technology and Engineering. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-based video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization to advanced formats such as AV1 and HEVC, and is ready for video AI workflows. For more details, please visit https://beamr.com/

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2024 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law. 

    Investor Contact:

    investorrelations@beamr.com

    The MIL Network –

  • MIL-OSI: Matador Technologies Provides Updates on Recent Conference Attendance and Upcoming Industry Engagements

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA) announces its recent participation in key industry events and provides updates on upcoming engagements.

    Max & Stacy’s Bitcoin Golf Invitational – El Salvador

    Matador recently attended Max & Stacy’s Bitcoin Golf Invitational in El Salvador, an industry event focused on Bitcoin and blockchain developments. The conference facilitated discussions with industry participants, investors, and other stakeholders relevant to Matador’s Bitcoin treasury strategy.

    The Inaugural Crypto Ball – Washington, D.C.

    On January 17, Matador attended the inaugural Crypto Ball at the Andrew W. Mellon Auditorium in Washington, D.C. Hosted by BTC Inc. and co-hosted by Stand With Crypto, Exodus, Anchorage Digital, and Kraken. The event convened industry participants, policy stakeholders, and corporate sponsors, providing insights into evolving regulatory and market dynamics.

    AlphaNorth Capital Event – Bahamas

    On January 18-19, Matador participated in the AlphaNorth Capital Event in the Bahamas, hosted by Capital Event Management. The event facilitated meetings with investment professionals and discussions on emerging industry trends.

    Upcoming Industry Engagements

    AlphaNorth Capital Event – Whistler, Canada

    Matador will attend the 15th Annual Whistler Capital Event from February 21–23, 2025, hosted by Capital Event Management. The event will bring together companies and investment professionals for meetings and discussions on market developments.

    The 8th Annual Growth Conference – Toronto, Canada

    Matador will participate in the 8th Annual Growth Conference from March 3–6, 2025, hosted by Centurion One Capital at the Four Seasons Hotel in Toronto. The conference will feature company presentations, panel discussions, and networking sessions with investors and industry professionals.

    PDAC Conference – Toronto

    Matador will also participate in the Prospectors & Developers Association of Canada (PDAC) Conference in March 2025. PDAC is a global industry event focused on mineral exploration and mining, providing an opportunity to discuss the intersection of blockchain technology with traditional asset classes.

    Matador looks forward to leveraging these events to foster relationships with institutional investors, gain insights into emerging market trends, and explore potential partnerships.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network

    Phone: 647-932-2668

    About Matador Technologies Inc.
    Matador Technologies Inc. is a digital gold platform leveraging blockchain technology to digitize real-world assets like gold. Focused on building innovative financial solutions, Matador is at the forefront of integrating blockchain technology to preserve and grow value. Matador’s digital gold platform aims to democratize the gold buying experience, combining the best of modern technology and time-proven assets, to create an app that will allow users to buy, sell, and store gold 24/7 in a fun and engaging way.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    The MIL Network –