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Category: GlobeNewswire

  • MIL-OSI: QuEra Computing Completes $230M Financing to Accelerate Development of Large-Scale Fault-Tolerant Quantum Computers

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) — QuEra Computing, the leader in neutral-atom quantum computing, today announced it has successfully completed a financing of more than $230 million. The funds will be used to accelerate the development and production of large-scale, fault-tolerant quantum computers, reinforcing the company’s position at the forefront of quantum innovation.

    The investment comes from new investors, including Google (previously announced), SoftBank Vision Fund 2, Valor Equity Partners, and others. They join QuEra’s existing investors, including QVT Family Office, Safar Partners, and all other major existing investors, who all participated. Of the $230M, $60 million will be received in the near future upon satisfying a prerequisite funding condition, currently in progress. This financing validates the considerable technical breakthroughs achieved by QuEra in collaboration with Mikhail Lukin, Markus Greiner, and their teams at Harvard, as well as Vladan Vuletic and his team at MIT. This financing was also made possible by QuEra’s commercial progress with major customers such as AIST, as well as the new strategic partnerships the company has cultivated.

    “This round represents a significant milestone for QuEra as we continue to deliver on our promise of scalable, fault-tolerant quantum computing,” said Andy Ory, Interim CEO of QuEra. “Since our last funding round in 2023, we have achieved impressive scientific, technical, and commercial milestones, which have dramatically increased the value of our business. This new investment will fuel our next phase of growth, enabling us to deliver large-scale quantum solutions that address critical business challenges for our customers.”

    “We believe quantum computing has the potential to revolutionize industries, and QuEra is at the forefront of making this technology accessible and transformative,” said Kentaro Matsui, Managing Partner of SoftBank Investment Advisers. “We are excited to support QuEra as it pioneers the next generation of computation, unlocking new possibilities in AI and beyond.”

    “As early backers of QuEra, we are pleased to both significantly increase our investment and to welcome this new group of outstanding investors,” said Arthur Chu, QuEra board member and managing member of QVT. “We believe that this new capital will allow QuEra to extend its technological and commercial leadership in fault-tolerant quantum computing.”

    Takuya Kitagawa, President of QuEra, says, “We are deeply grateful for the continued confidence of our existing investors and excited to welcome new strategic partners who believe in our team and share our long-term vision. Their support strongly advances our mission: to accelerate innovation by building scalable, useful, and fault-tolerant quantum computers.”

    Ed Durkin, CFO of QuEra, added, “We are pleased to announce this very significant and successful financing. All our major existing investors have shown strong support by participating in this transaction, and we are thrilled to welcome such high-quality and knowledgeable new strategic and financial investors like Google and SoftBank Vision Fund, who share our long-term vision. This funding structure, coupled with our growing organic revenue stream, provides flexibility as we hit our development targets and scale production and provides the Company with a very long financial runway over the next several years.”

    With this funding, QuEra will:

    • Accelerate the development of fault-tolerant quantum computer technology.
    • Rapidly expand its team of world-class scientists and engineers, with a focus on technical and scientific talent.
    • Strengthening build and test capacity to scale up and meet growing demand for high-performance neutral-atom computers.
    • Broaden its portfolio of application co-design, cloud, and on-premises engagements with global research organizations, Fortune 500 companies, and government programs.

    QuEra’s continued momentum highlights the growing market demand for fault-tolerant quantum systems, which are poised to revolutionize industries such as finance, pharmaceuticals, logistics, and cybersecurity.

    About QuEra
    QuEra Computing is the leader in developing and productizing quantum computers using neutral atoms, widely recognized as a highly promising quantum computing modality. Based in Boston and built on pioneering research from Harvard University and MIT, QuEra operates the world’s largest publicly accessible quantum computer, available over a major public cloud and for on-premises delivery. QuEra is developing useful, scalable and fault-tolerant quantum computers to tackle classically intractable problems, becoming the partner of choice in the quantum field. Simply put, QuEra is the best way to quantum. For more information, visit us at quera.com and follow us on X or LinkedIn.

    Media Contact
    Merrill Freund
    press@quera.com
    +1-415-577-8637

    The MIL Network –

  • MIL-OSI: BexBack Revolutionizes Crypto Trading: Double Deposit Bonus, 100x Leverage & No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 11, 2025 (GLOBE NEWSWIRE) — With the price of bitcoin once again trading below $100,000, many analysts believe it will enter a long period of high volatility. Holding spot positions may not continue to generate profits in the short term. BexBack Exchange is stepping up its efforts to provide traders with irresistible preferential packages. The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and a 100x leverage on cryptocurrency trading, creating unparalleled opportunities for investors.

    What Is 100x Leverage and How Does It Work?

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

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

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

    With BexBack’s deposit bonus

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

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

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

    About BexBack?

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

    Why recommend BexBack?

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

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

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

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

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

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

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

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

    Take Action Now—Don’t Miss Another Opportunity!

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

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

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d4445477-0112-4df9-8539-ab93cd5affac

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c33fa072-02d1-4cbc-b4af-8168cc1fc992

    https://www.globenewswire.com/NewsRoom/AttachmentNg/dddf867f-8361-4b82-adca-bc3323f36632

    https://www.globenewswire.com/NewsRoom/AttachmentNg/296fa3c6-0da5-45fd-a274-3afbf2099c18

    The MIL Network –

  • MIL-OSI: InStride Launches Capability Accelerators: Tailored Learning for Talent Development

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Feb. 11, 2025 (GLOBE NEWSWIRE) — InStride, a human capital management company providing workforce education solutions, today announced the launch of its Capability Accelerators. This solution, developed in partnership with some of America’s most innovative companies and leading academic institutions, delivers tailored, role-specific learning paths aligned with business strategy. By combining academic rigor with practical application, these cohort-based programs help top talent build skills that directly impact business performance.

    “L&D leaders are searching for education programs that deliver real business outcomes that they can measure,” said Craig Maloney, CEO of InStride. “InStride’s Capability Accelerators are co-designed with employers and academic partners to take employees through cohort- and role-based learning that helps advance their careers as it ties directly to business strategy.”

    Build skills, deliver results

    InStride’s solution addresses critical skills gaps and workforce demands.

    • Contextualized and role-specific academies: Customizable learning tracks built in collaboration with business leaders for specific roles, including first-line managers, manufacturing operations leaders, and early and mid-career healthcare leaders.
    • Interactive, cohort-based learning: Learners collaborate in dynamic, applied scenarios while receiving personalized coaching and feedback delivered by real experts and enhanced by advanced AI tools, ensuring rapid skill application and measurable improvement.
    • University content with real-world relevance: Programs blend rigorous academic insights with practical tools, equipping employees to tackle today’s challenges and drive innovation.

    “InStride is transforming workforce education by building a bridge between rigorous learning and the real-world, corporate context, making these programs highly relevant and impactful,” said Jeff Schulz, VP of Professional Services at InStride. “By focusing on role-specific capabilities and contextualized learning, we’re empowering organizations to build stronger talent pipelines specific to their unique context and prepare future leaders for success.”

    Early success stories

    InStride’s Capability Accelerators are already making strides in reshaping leadership and talent development:

    • Plant Management Accelerator: Created for a Fortune 500 global automotive technology company, this accelerator prepares aspiring plant leaders with skills in financial acumen, manufacturing innovation, and supply chain management, ensuring readiness for critical leadership roles.
    • Healthcare Frontline Leadership Accelerators: Designed for a multi-state health system with 40,000 employees and aimed at high-potential individual contributors and first-line managers, these programs build critical patient-centered leadership capabilities, strengthening manager and team performance, and driving internal talent retention and growth.

    These early examples illustrate how InStride’s customizable Capability Accelerators address businesses’ unique workforce challenges and strategic goals, offering an alternative to off-the-shelf leadership skill training.

    Meeting today’s L&D challenges

    The unique value of these programs lies in their ability to tackle the most common pain points faced by L&D leaders:

    1. Relevance: Programs are contextualized to each organization’s industry and roles, ensuring practical application of skills.
    2. Engagement: Cohort-based learning fosters collaboration and builds a culture of continuous education.
    3. Results: The solution delivers measurable business outcomes, from improved employee retention to faster promotion rates.

    Whether addressing leadership gaps, building manager capacity, developing AI fluency, or enhancing business acumen, InStride ensures that education investments translate into tangible impact for both employees and organizations.

    Learn more about InStride’s Capability Accelerators.

    About InStride
    InStride is a human capital management company that helps organizations retain talent, upskill employees, and fill critical workforce roles through education programs. By breaking down barriers to learning, fostering career growth aligned with organizational goals, and simplifying program management, InStride delivers lasting impact. Partnering with forward-thinking companies like Labcorp, Adidas, and SSM Health, InStride drives meaningful social and business outcomes by providing access to life-changing education. Visit instride.com or follow InStride on LinkedIn for more information and up-to-date news.

    Contact
    Maryam Sohraby, Chief Marketing Officer, maryam.sohraby@instride.com, 908-461-0796

    The MIL Network –

  • MIL-OSI: StormFisher Hydrogen Secures US$50 million Commitment from Hy24 to Deliver Pipeline of Clean Fuel Production Projects in North America

    Source: GlobeNewswire (MIL-OSI)

    • The investment will accelerate StormFisher Hydrogen’s current project pipeline deployment, including several facilities in the U.S. and Canada, with a total renewable capacity of up to 1.8 GW by 2030.
    • Hy24, investing through their Clean Hydrogen Infrastructure Fund, is entering directly into the North American market, contributing to the advancement of clean fuel deployment in the region while supporting StormFisher Hydrogen’s export ambitions to European and Asian markets.

    HOUSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) — StormFisher Hydrogen, a leading developer and producer of clean fuels, announces today it has secured a US$50 million commitment from Hy24’s Clean Hydrogen Infrastructure Fund, the world’s leading low-carbon hydrogen asset manager. This strategic partnership will accelerate StormFisher Hydrogen’s pipeline of clean fuel production projects in North America, helping them to reach final investment decisions (FID) and catalyzing the transition to low carbon energy solutions.

    “We are pleased to make our first direct investment in North America to support the growth of StormFisher Hydrogen,” said Pierre-Etienne Franc, co-founder and CEO of Hy24. “The company can leverage its energy platform approach, strong offtaker strategy, and a favorable international regulatory landscape to deploy its robust pipeline of e-Fuels projects and drive its export ambitions to European and Asian markets. These clean energy solutions present a significant opportunity for North America in its pursuit of energy security, economic growth, and its trade and continued leadership in the sector.”

    StormFisher Hydrogen’s current project pipeline includes several facilities located across the United States (Texas, Kansas, Minnesota) and Canada (Ontario region). Together, they will have the capacity to convert up to 1.8 gigawatts (GW) of renewable energy from solar and wind into RFNBO e-Fuels (renewable fuel of non-biological origin), such as green hydrogen, e-Methanol, green ammonia, and e-Methane. The company’s most advanced project located in North Texas, U.S. is expected to reach FID in early 2026 and will have an e-Methanol production capacity of more than 120,000 tonnes per year.

    “This collaboration with Hy24 enables us to advance projects in our pipeline and reinforces our role as a leader in project development,” said Judson Whiteside, President and CEO of StormFisher Hydrogen. “We bring a lot of value and long-term jobs to the communities we are developing in, while increasing molecule exports to Europe and Asia. With cutting-edge energy infrastructure and highly skilled workforce, the United States is poised to lead the global low-carbon fuels market. Our projects strengthen America’s position in the energy transition while enhancing domestic energy resilience and independence.”

    StormFisher Hydrogen will make a significant contribution to the development of North America’s e-Fuel production capacity, which is critical for decarbonizing hard-to-abate industries such as maritime, aviation, and chemicals. It will also help establish the United States as a key supplier to the global market while reinforcing the country’s leadership in the energy sector.

    With previous investment from ARC Financial Corp.’s ARC Energy Transition Fund and this new investment from Hy24, StormFisher Hydrogen is expected to deploy several billion dollars of capital over the next decade. The company’s clean fuel production facilities will have material economic benefits for local communities, creating approximately 50 permanent high-quality, full-time jobs per site.

    “We are thrilled to partner with Hy24,” said Brian Boulanger, CEO of ARC Financial Corp. “Their deep expertise and sectoral focus in the hydrogen and e-Fuel space will be instrumental in accelerating StormFisher Hydrogen’s mission to lead in clean fuel development. With the management team’s proven track record in developing major projects, ARC Financial Corp.’s extensive North American investment experience, and Hy24’s global reach, we are well-positioned to deliver low-carbon hydrogen-derived products to our industrial customers at scale.”

    About StormFisher Hydrogen

    StormFisher Hydrogen develops and operates facilities that produce e-Fuels through the sourcing of renewable electricity to produce green hydrogen and the sourcing and use of carbon dioxide from industrial point sources. StormFisher Hydrogen works with hard-to-abate sectors such as transportation (maritime/aviation), heavy industry, and gas utility companies, as well as traditional methanol users seeking clean fuel solutions to support long-term decarbonization goals.

    About Hy24

    The Clean H2 Infra Fund is managed by Hy24, a 50/50 joint venture between Ardian, a world leading private investment house, and FiveT Hydrogen, a clean hydrogen investment pureplay. The world’s largest clean hydrogen infrastructure fund results from the initiative of Air Liquide, TotalEnergies and VINCI Concessions, combined with the one of Plug Power, Chart Industries and Baker Hughes, which were sharing a common objective to accelerate the development of the hydrogen sector. The fund is now up and running with €2 billion of allocations. With strong industrial and financial expertise at its core, Hy24 will have a unique capacity to accelerate the scaling up of hydrogen solutions along the whole value chain: production, conversion, storage, supply, and usage. Hy24 will support large early stage and strategic projects into becoming essential energy infrastructures. The infrastructure fund managed by Hy24 complies with Article 9 of the European regulation on sustainability-related disclosures in the financial services sector (SFDR). Hy24 is an alternative investment fund manager regulated by the French Autorité des marchés financiers under the number GP-202171. The Clean H2 Infra Fund is dedicated to professional investors and not commercialized in the United States of America.

    About ARC Financial Corp.

    Founded in 1989, ARC Financial Corp. is committed to building high-performing businesses that address the world’s energy and sustainability needs. To date, ARC has raised C$6.4 billion across eleven energy-focused funds since the launch of its private equity business in 1997, having invested capital in more than 180 companies across the energy landscape. ARC’s newest fund, ARC Energy Fund 10, is focused on infrastructure development and energy services & manufacturing opportunities in energy transition. For more information, please visit www.arcfinancial.com

    Press Contacts

    StormFisher Hydrogen
    Karen Hamill, Director, Communications Strategy Group
    khamill@wearecsg.com, W: https://stormfisher.com

    Hy24
    Elizabeth Adams, Senior Managing Director, FTI Consulting
    Hy24@fticonsulting.com, W: https://hy24partners.com

    The MIL Network –

  • MIL-OSI: MKS Instruments Declares Quarterly Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Feb. 11, 2025 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.22 per share, payable on March 7, 2025, to shareholders of record as of February 24, 2025.

    Future dividend declarations, as well as the record and payment dates for such dividends, are subject to the final determination of the Company’s Board of Directors.

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

    Safe Harbor for Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding MKS’ dividend program and any future dividend payment obligations. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Among the important factors that could cause actual events to differ materially from those in the forward-looking statements are cash available for distribution, the then current and expected needs and availability of cash to pay MKS’ obligations, and the other factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2023 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release.

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

    The MIL Network –

  • MIL-OSI: Italian Operator EOLO Selects Mavenir 5G SA Core for Europe’s First 5G Standalone mmWave FWA Network 

    Source: GlobeNewswire (MIL-OSI)

    RICHARDSON, Texas, Feb. 11, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, has been selected by innovative telecommunications operator EOLO, Italy’s largest fixed wireless access (FWA) broadband provider, to supply the 5G SA Core for its groundbreaking Gbps fixed wireless access network. The deployment is among the world’s first 5G standalone FWA networks using mmWave and will deliver cost-effective ultrafast broadband internet access to areas across Italy not reached by fiber connectivity.

    Mavenir’s 5G SA Core was selected by EOLO for its outstanding levels of flexibility and interoperability. The Mavenir solution will work alongside the User Plane Function (UPF) from 6Wind, marking an industry-first for interoperability and subsequent commercial deployment between Session Management Functions (SMF) and User Plane Functions (UPF) from two different vendors.

    The Mavenir 5G SA Core will deliver both IP and Ethernet data units (IPDU and EPDU), which has never previously been achieved in a live environment.

    Stefano Cantarelli, Executive Vice President at Mavenir, said: “This is one of the most exciting and innovative 5G FWA deployments in the world – it is pushing boundaries and using the very best 3GPP-based technologies available to deliver rural connectivity against all odds. EOLO has selected best-in-class partners for this project and Mavenir is proud to be a part of that team, bringing our 5G leadership and commitment to flexibility and agility.”

    Guido Garrone, CEO at EOLO S.p.A., added: “Mavenir is an excellent team player. Their 5G Core is future-proofed, and the interoperability of their solution has enabled EOLO to choose the best partners for each element of this challenging and innovative new network. The infrastructures that we are building together will complement fiber coverage, playing a pivotal role in strengthening networks and driving the country’s future growth.”

    Mavenir offers the industry’s only end-to-end cloud-native network software, with its AI-powered technology enabling energy savings, improved user experience, resource optimisation, enhanced security and fraud protection, and monetization. Its MAVcore® functions are implemented as microservices running in containers, using open APIs to integrate with 3rd party platforms and observability frameworks. This allows CSPs such as EOLO to roll-out services faster, increase efficiency, and reduce downtime.

    Mavenir’s full 5G portfolio will be displayed at the upcoming MWC Barcelona, March 3-6, in Hall 2, Stand 2H60. For more on Mavenir’s presence at the show visit  https://www.mavenir.com/mwc-2025/#request-a-meeting-mwc

    About Mavenir:

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

    About EOLO:

    EOLO is a national telecommunications operator, leader in ultra-broadband wireless (FWA) for residential and business markets. It ensures high-quality access to Ultra Broadband focusing on areas affected by digital divide. EOLO is a Benefit Corporation and the first Italian telecommunications company to achieve B Corp certification. It covers over 7,000 municipalities with more than 4,100 BTS (radio transmitters). EOLO connects 1.6 million people and 116,000 businesses, public administrations, and professionals. The company relies on a network of over 17,000 individuals, including collaborators, technical installers, and commercial partners across the territory.

    More information about EOLO’s services is available at www.eolo.it

    Mavenir PR Contact:
    Emmanuela Spiteri
    PR@mavenir.com

    The MIL Network –

  • MIL-OSI: HERE Technologies unveils HERE WeGo Pro: a truck navigation app for safer, more efficient fleet operations

    Source: GlobeNewswire (MIL-OSI)

    • HERE WeGo Pro delivers precision navigation with multi-stop routing, real-time traffic and truck-specific road alerts
    • Features include vehicle-specific routing configuration and predictive ETAs to enhance fleet efficiency for middle and “milk run” logistics

    Las Vegas, NV – HERE Technologies, the leading location data and technology company, today introduced HERE WeGo Pro, an advanced mobile application for truck navigation designed to address the growing demand for customizable mapping solutions that promote safer and more efficient driving.

    Unveiled at the Manifest Supply Chain and Logistics Summit, HERE WeGo Pro offers commercial vehicle fleet operators with optimized, multi-stop routing that takes into account road restrictions and real-time traffic conditions. The HERE WeGo Pro application can also fill the gap for commercial vehicle OEMs lacking built-in navigation systems.

    HERE WeGo Pro is tailored for fleet operators that rely on precision navigation and efficiency in middle mile and “milk-run logistics.” This includes Courier, Express, and Parcel (CEP) services; third-party logistics (3PL); operators of mid-size commercial vehicle fleets; and construction and heavy equipment logistics.

    “HERE WeGo Pro offers a smart navigation solution built on high-precision map data, designed specifically to meet the needs of today’s fleet operators,” said Bart Coppelmans, Senior Director of Product Management at HERE Technologies. “It provides fleet operators with an application that delivers maps to drivers and advanced location services that stay up to date, helping them navigate efficiently, optimize multi-stop deliveries, and stay compliant with increasingly complex regulatory requirements.”

    HERE WeGo Pro Key Features

    Comprehensive Global Road Coverage

    The HERE WeGo Pro application is built on the company’s enterprise-grade map data with truck-specific attributes, available in 75+ countries. Users to save their vehicle profiles, ensuring that routes are optimized based on truck-specific constraints, including height, weight, width, time-of-day restrictions and vehicle type. This level of precision enhances safety, improves compliance and prevents costly detours.

    Predictive ETAs Based on Dynamic Conditions

    HERE WeGo Pro delivers up-to-date estimated arrival times (ETAs) by factoring in real-time traffic, weather and historical data, helping fleet managers and customers plan deliveries with confidence. This eliminates reliance on outdated, static traffic pattern data, keeping deliveries on schedule.

    Optimized Multi-Stop Tours

    Designed for complex delivery schedules, the multi-stop feature of HERE WeGo Pro enables fleets to import tour plans for efficient routing that minimizes fuel consumption, reduces drive time and takes truck specific constraints into account.

    Real-time Data Feedback, AI Assistance & Customizable Map Configurations 

    HERE WeGo Pro provides drivers with an intuitive and easy-to-use feature for reporting live road conditions and map updates to HERE. This feedback loop helps to improve data freshness and map accuracy.

    Future versions of HERE WeGo Pro will include the recently launched HERE AI Assistant, along with features to establish site-specific rules and customized route preferences, enabling precise navigation tailored to their unique operational needs and for companies that want more control over the routing experience.

    Commercial drivers and fleet operators will be able to leverage the HERE AI Assistant to optimize routes based on time or cost constraints and quickly adapt to changing road conditions for seamless and efficient operations. The ability to control the application with natural language through the HERE AI Assistant helps keep drivers focused on the road ahead for increased safety.

    Built for Fleet Operators with Seamless Integrations 

    Fleet management companies and Independent Software Vendors (ISVs) can seamlessly integrate the HERE WeGo Pro application into their operations for enhanced routing capabilities.

    The application connects planning, routing and delivery analysis, offering fleets an end-to-end navigation and logistics solution. Additionally, HERE WeGo Pro integrates with the company’s suite of APIs, including HERE Tour Planning and HERE Tracking to provide a unified fleet management experience.

    HERE WeGo Pro is an out-of-the-box navigation solution for fleets built on top of the HERE SDK. For those fleets who may choose to build their own navigation application using HERE’s suite of APIs, information about HERE Software Development Kit (SDK) for navigation can be found here.

    Experience HERE WeGo Pro at Manifest 2025

    Manifest 2025 attendees can explore how HERE WeGo Pro transforms fleet navigation by visiting Booth 822. To learn more about HERE WeGo Pro visit: https://www.here.com/products/wego-pro

    About HERE

    HERE has been a pioneer in mapping and location technology for 40 years. Today, the HERE location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. From autonomous driving and seamless logistics to new mobility experiences, HERE allows its partners and customers to innovate while retaining control over their data and safeguarding privacy. Find out how HERE is moving the world forward at https://www.here.com.

    Media Contacts

    Jordan Stark

    +1 312 316 4537

    jordan.stark@here.com

    Dr. Sebastian Kurme 

    +49 173 515 3549 

    sebastian.kurme@here.com

    Camy Cheng

    +65 9088 4127

    Camy.cheng@here.com

    Attachments

    The MIL Network –

  • MIL-OSI: Future AGI launches world’s most accurate multimodal AI evaluation tool

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, Feb. 11, 2025 (GLOBE NEWSWIRE) — While enterprise AI adoption accelerates, 85% of AI projects fail to meet expectations due to accuracy and reliability challenges in tooling*. Current tools lack the depth to provide actionable insights, leaving teams with vague evaluations without identifying root causes or improvement strategies. 

    Today, Future AGI announces a $1.6M pre-seed funding round to scale its AI lifecycle management platform that enables enterprises to build and maintain high-performing AI applications with unprecedented accuracy. The funding round is co-led by Powerhouse Ventures and Snow Leopard Ventures, with participation from Angellist Quant Fund, Swadharma Source Ventures, Saka Ventures and a marquee group of 30+ industry stalwarts and angels.

    Future AGI founders: Nikhil Pareek and Charu Gupta.

    Current AI tooling falls short in several critical areas—ranging from generating high-quality synthetic data and providing granular error analysis to enabling effective feedback and optimization loops—leaving cross-functional teams of subject matter experts, data scientists, and software developers without clear pathways to improvement. Most evaluations remain manual and superficial, with developers often defaulting to guesswork or “vibe checks” rather than informed experimentation. This fragmented ecosystem, coupled with limited domain expertise in tooling usage, makes it exceedingly difficult to pinpoint where models fail, devise data-driven remediation strategies, and ultimately treat AI development with the same rigor as modern software engineering.

    Building trustworthy high-performing AI applications is complex — requiring rapid iterations across models, prompts, and data while safeguarding against harmful outputs. Future AGI’s platform streamlines this entire lifecycle with rapid experimentation, deep multi-modal evaluations, real-time observability, and continuous improvement capabilities. The platform’s proprietary technology includes advanced evaluation systems for text and images, agent optimizers, and auto-annotation tools that can reduce AI product development time by up to 95%. Users can complete evaluations in minutes and automatically optimize their AI systems for production, eliminating manual overhead and ensuring consistent performance.

    “AI is becoming the new software, but its widespread adoption faces a critical challenge – reliability and accuracy at scale,” said Nikhil Pareek, CEO of Future AGI. “Today’s AI systems are probabilistic and error-prone, with improvement cycles taking 6-8 months. We’re building the foundational layer that ensures AI systems are trustworthy and reliable in production. Our platform isn’t just about workflow automation – we’re creating the data layer that continuously monitors, evaluates, and improves AI systems across multimodal interactions.”
    FutureAGI is making significant strides across various industries. A Series E sales-tech company leveraged FutureAGI’s LLM Experimentation Hub to achieve an impressive 99% accuracy in agentic pipeline, accelerating their processes 10 times faster than previous methods, compressing weeks of work into just hours. This transformation has drastically improved their capacity for delivering personalized customer interactions at scale.

    In another case, an AI image generation company utilized FutureAGI’s platform to streamline its image generation pipeline, resulting in a remarkable 90% reduction in costs by decreasing reliance on human evaluators while maintaining 99% accuracy for catalog and marketing images. These examples highlight FutureAGI’s ability to optimize operations and drive substantial cost savings while enhancing performance.

    The platform’s capabilities extend beyond pure software applications to hardware AI agents in robotics and autonomous vehicles, where accuracy requirements are even more stringent. Future AGI’s synthetic data generation and evaluation systems enable companies to simulate edge cases and validate AI models under various real-world conditions before deployment.

    Future AGI was the genesis of Nikhil Pareek and Charu Gupta and was born out of founders’ frustration with the growing challenges in data collection, annotation, and training model readiness. Each iteration magnified these issues, and through conversations with fellow AI builders, they realized this problem was widespread. Nikhil Pareek is a former AI founder, with multiple patents and research papers, comes with experience ranging from building autonomous drones to tackling complex data science challenges for Fortune 50 companies. Charu Gupta is a veteran in revenue growth, having successfully navigated multiple startups from inception to achieving revenues of up to $100 million. 

    Future AGI team.

    With a powerful team of 30 AI researchers and ML engineers—hailing from Microsoft, Amazon, and other top tech giants—alongside alumni from Ivy League and premier institutions, they bring deep expertise in AI innovation, published research, and patented technologies. Together, the team is tackling one of AI’s most formidable challenges—redefining accuracy and trust in AI at an unprecedented scale’

    “The AI landscape is evolving rapidly, and one of the biggest challenges enterprises face today is ensuring the accuracy and reliability of their AI applications,” said Sri Peddu, General Partner at Powerhouse Ventures “Future AGI’s innovative approach to solving this critical problem through their comprehensive AI lifecycle management platform positions them uniquely in the market. We believe their solution will be instrumental in helping companies achieve the highest accuracy levels required for production-grade AI applications.”

    “We believe great people build great companies, and we know from our data that Future AGI is one of the top early-stage startups for attracting the best job applicants on Wellfound (fka AngelList Talent)” said Abraham Othman, PhD, managing partner of the AngelList Early-Stage Quant Fund.

    The timing for this challenge becomes especially critical as organizations transition from experimental AI implementations to business-critical applications, and as major players like Meta, Google, and Anthropic rapidly expand into multimodal AI — combining text, images, audio, and video. This evolution of AI has intensified market demand for solutions that can effectively manage the trustworthiness and reliability of AI products by ensuring accuracy.

    Looking ahead, Future AGI will use the new funding to accelerate product development and grow its engineering and growth teams while strengthening its proprietary technology stack. The company has offices in the Bay Area and its R&D center in Bangalore, positioning it to serve the growing global demand for reliable AI solutions.

    Ends 
    *Gartner, Gartner Business Insights, Strategies & Trends For Executives

    Media images can be found here. 

    About Future AGI
    Future AGI is a venture-backed AI infrastructure company founded by seasoned entrepreneurs with deep expertise in AI and business scaling. Led by a technical founder with multiple patents and an experienced business leader, the company is transforming how enterprises build and maintain high-quality AI products. Our platform dramatically reduces the time and effort needed to achieve reliable AI systems, enabling organizations to confidently deploy AI across their operations. With a growing roster of clients and POCs, Future AGI is positioned to become the foundation for trustworthy AI development.

    Founded in 2024 and headquartered in the US with an R&D center in India, Future AGI’s proprietary technology includes advanced evaluation systems for text and images, auto-tuning prompt optimizers, and auto-annotation tools that can reduce AI product development time by up to 95%. The company serves a diverse client base ranging from late-stage startups to Fortune 500 companies, helping them achieve and maintain 99% accuracy in their AI applications.

    Powerhouse Ventures
    Powerhouse Ventures (PV) is a Singapore-based early-stage Venture Capital firm with an investment focus on startups emerging from India and the United States. PV supports early-stage companies in high-growth sectors where technology is the driver. Currently, PV manages an active portfolio of 40+ companies spread across India, the United States, and Singapore and includes category-defining companies such as Whatfix, Slintel, Medibuddy, Quizizz, DailyRounds/Marrow, Sybill, etc.

    Snow Leopard Ventures
    Snow Leopard Ventures/Snow Leopard Global Capital Management is a global alternative asset manager investing largely proprietary capital with offices in Pune, India and New York, NY. The firm invests across multiple industries and across different stages, from pre-seed through pre-IPO.

    AngelList Early Stage Quant Fund
    The AngelList Early Stage Quant Fund is a data-driven investment fund that has raised $25 million to invest in over 100 early-stage startups in technology, data, and finance sectors, leveraging advanced analytics to enhance decision-making.

    The MIL Network –

  • MIL-OSI: Cangrade Includes New AI Products in its Women- and Minority-Owned Business Discount, Making Intelligent Talent Decisions Accessible to All

    Source: GlobeNewswire (MIL-OSI)

    WATERTOWN, Mass., Feb. 11, 2025 (GLOBE NEWSWIRE) — Cangrade today announced a women- and minority-owned business discount for Jules—the company’s first AI Copilot created to help human resources (HR) professionals make more strategic talent decisions. The addition of Jules to this discount will further enhance businesses’ hiring and talent management decisions by leveraging the valuable data they already have.

    Jules gathers intelligence from Cangrade’s talent assessment to answer important questions and uncover insights about everything from hiring and employee growth and development to personal motivators and strategies for improvement. By arming women- and minority-led businesses with powerful and accessible talent intelligence, personalized strategies, and performance predictions, Cangrade aims to even the playing field for those looking to hire and retain top talent.

    In honor of Black and Women’s History Months, respectively, Jules is now included in the 35 percent discount on Cangrade’s hiring software. The discount represents the 35 percent of black business owners who are women, 35 percent of women who hold tech positions, the nearly $35,000 less that female entrepreneurs ask for compared to men, and the $35,000 less in startup capital that black entrepreneurs receive on average compared to white ones.

    With the future of diversity, equity, and inclusion (DEI) initiatives uncertain, one thing remains true: the ability to create better teams attracts better talent. Jules not only helps companies build better teams, but provides the intelligence to support them. Operating as an AI-powered I/O psychologist, Jules enables users to achieve success in areas from performance optimization and crafting the perfect offer letter, to navigating difficult conversations and motivating individuals.

    “Over the last several years companies have followed the latest trends in DEI, creating initiatives with good intentions, but in reality were overly performative and ineffective,” said Gershon Goren, Founder and CEO, Cangrade. “We’re putting our money where our mouth is, providing valuable resources that measurably increase the accuracy of performance predictions and remove biases from the hiring process. The result is a stronger and more inclusive workforce.”

    For eligible businesses, learn more about our women and minority-owned business discount here. For more information about Cangrade’s AI-powered, bias-free hiring and talent management solutions, visit www.cangrade.com.

    About Cangrade
    For HR leaders, Cangrade is the bias-free, AI-powered talent intelligence platform. By integrating data into talent acquisition and management processes, Cangrade enables businesses to make strategic and efficient decisions from initial screening through the entire employee lifecycle. Delivering 10x more accurate predictions of talent success and retention than traditional methods, the company’s Pre-Hire Assessment has helped organizations like Wayfair, FDNY, Lamar Advertising, and Applied Industrial Technologies make the right hiring decisions for over 10 million candidates and counting. For more information, visit www.cangrade.com.

    Media Contact:
    Gina Devine
    Public Relations
    press@cangrade.com

    The MIL Network –

  • MIL-OSI: Wesco To Double Number of Stores Using Mashgin AI-Powered Checkout

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — After a highly successful initial deployment, Wesco convenience stores will expand its use of Mashgin’s AI-powered checkout technology to over 20 locations, Mashgin, the AI-powered checkout company, announced today.

    Mashgin’s AI technology eliminates checkout lines, creating a more efficient and customer-friendly shopping experience for stores, particularly during peak transaction times. The kiosks use computer vision to instantly ring up items, without the need to scan barcodes. Customers simply place their items down and are ready to pay. The kiosk can identify multiple items simultaneously in seconds with nearly 100% accuracy.

    During the Wesco pilot program, Mashgin kiosks accelerated nearly half a million transactions at over 10 Wesco locations with a median transaction time of 18.7 seconds. Customers at the Wesco stores were able to get back on the road quicker, and Wesco associates were able to attend to other tasks around the store faster.

    “Our customers have quickly taken to love Mashgin’s machines – and we’ve loved working with them,” said Nancy Westgate-Sytsema, Co-President of Wesco. “Both the technology and the team are extremely responsive, exactly what we look for in a technology partner.”

    Wesco’s expansion will benefit from Mashgin’s integration with Verifone’s Commander system, which seamlessly connects the AI checkout kiosks to key store systems for payment, loyalty, fuel, and more.

    “Wesco is enhancing its already fantastic customer experience with this expanded adoption of Mashgin’s technology,” said Jack Hogan, SVP of Partnerships at Mashgin. “Convenience store customers are looking for a quick and efficient buying experience, and by leveraging computer vision technology, a vast database of retail items, and a dedicated support team, Mashgin enables this experience for Wesco and its customers. We’re looking forward to serving and helping expand Wesco’s retail capabilities.”

    Mashgin kiosks are in place at over 4,000 locations globally, including over 3,000 convenience stores, 145 professional stadiums and arenas, 100 hospitals, and 50 airports.

    Mashgin will continue to innovate checkout experiences by implementing advanced technologies that benefit retailers and their customers. To learn more, visit www.mashgin.com.

    About Mashgin:

    Mashgin is the world’s fastest checkout system, powered by AI and computer vision. By eliminating barcode scanning, Mashgin allows customers to simply place items on the tray, pay, and be on their way in under 10 seconds. With checkout speeds up to four times faster than traditional systems, Mashgin not only enhances customer satisfaction but also boosts revenue for retailers by reducing wait times and streamlining operations. Founded in 2014 and headquartered in Palo Alto, California, Mashgin is a privately held company backed by NEA, Matrix Partners, Susa Ventures, and Y Combinator. Follow Mashgin on LinkedIn or learn more about Mashgin at www.mashgin.com.

    Press Contact:
    Quinn Trask
    104 West on behalf of Mashgin
    Quinn.Trask@104west.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2e6a718a-551d-421d-973f-30cdf4f92c62

    The MIL Network –

  • MIL-OSI: Parkway International Capital Group Kicks Off 2025 with $12.3 Million Refinance for Charleston Boutique Hotel

    Source: GlobeNewswire (MIL-OSI)

    CHARLESTON, S.C., Feb. 11, 2025 (GLOBE NEWSWIRE) — Parkway International Capital Group (PIC Group) is pleased to announce the successful closing of a $12.3 million refinance loan for a historic boutique hotel in Charleston, South Carolina. This transaction marks PIC Group’s first deal of the year, setting the stage for another strong year of strategic financing solutions for real estate investors and developers.

    Supporting Growth in One of America’s Top Travel Destinations
    The borrower is a well-established boutique hotel operator with a track record of successfully restoring and managing heritage properties across the Southeast. With Charleston experiencing record-high tourism and occupancy rates, the borrower sought a refinance solution to reduce debt costs and fund property enhancements.

    • 52-room luxury boutique hotel housed in a restored 19th-century landmark
    • Planned upgrades, including modernized guest suites, sustainability enhancements, and expanded amenities
    • Prime location in Charleston’s historic district, a top-ranked U.S. travel destination
    • Refinancing structured to optimize cash flow and unlock capital for future investments

    “Charleston remains one of the most sought-after destinations in the country, and this financing ensures our borrower can continue delivering an elevated guest experience while optimizing financial performance,” said Jonathan Lockard, VP Originations of Parkway International Capital Group. “We are proud to start the year by providing a tailored financing solution that supports both operational flexibility and long-term success.”

    Strategic Loan Terms for Long-Term Growth
    PIC Group structured this refinance package to lower the borrower’s debt service while freeing up capital for reinvestment:

    • Loan Amount: $12,300,000
    • Loan Term: 48 months, interest-only
    • Interest Rate: Fixed at 8.75%
    • Loan-to-Value (LTV): 70%
    • $2 Million Cash-Out Component allocated for property renovations and operational enhancements

    “This financing not only lowers our borrower’s annual debt obligations but also allows them to strategically reinvest in the property,” added Jonathan. “With the hospitality sector in Charleston seeing continued strength, this loan positions the hotel for sustained growth and profitability.”

    New Year, New Momentum: Faster Deals, Greater Capital Access
    As PIC Group’s first transaction of 2025, this deal reflects the firm’s ongoing commitment to helping developers, operators, and investors thrive in today’s market. To enhance efficiency and capital deployment this year, PIC Group has:

    • Expanded its investor network, ensuring faster approvals and greater funding flexibility
    • Streamlined underwriting and closing processes, allowing for quicker turnaround times
    • Increased capital availability for multifamily, hospitality, industrial, and mixed-use projects

    Looking Ahead: More Deals on the Horizon
    With a strong pipeline for 2025, Parkway International Capital Group remains a trusted capital partner for real estate investors seeking customized financing solutions.

    About Parkway International Capital Group
    Parkway International Capital Group (PIC Group) is a leading private commercial lending firm, specializing in tailored financing solutions for real estate developers and investors. With a focus on efficiency, innovation, and strategic capital deployment, PIC Group partners with clients to bring high-value real estate projects to life.

    Media Contact

    Marvin Fincham
    Visit our website at pic-group.net
    Email us at loans@pic-group.net

    The MIL Network –

  • MIL-OSI: Research from QphoX, Rigetti, and Qblox Demonstrating Optical Readout Technique for Superconducting Qubits Published in Nature Physics

    Source: GlobeNewswire (MIL-OSI)

    DELFT, The Netherlands and Berkeley, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — QphoX B.V., a Dutch quantum technology startup that is developing leading frequency conversion systems for quantum applications, Rigetti Computing, Inc. (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, and Qblox, a leading innovator in quantum control stack development, today announced that their joint research demonstrating the ability to readout superconducting qubits with an optical transducer was published in Nature Physics.

    Quantum computing has the potential to drive transformative breakthroughs in fields such as advanced material design, artificial intelligence, and drug discovery. Of the quantum computing modalities, superconducting qubits are a leading platform towards realizing a practical quantum computer given their fast gate speeds and ability to leverage existing semiconductor industry manufacturing techniques. However, fault-tolerant quantum computing will likely require 10,000 to a million physical qubits. The sheer amount of wiring, amplifiers and microwave components required to operate such large numbers of qubits far exceeds the capacity of modern-day dilution refrigerators, a core component of a superconducting quantum computing system, in terms of both space and passive heat load.

    A potential solution to this problem may be to replace coaxial cables and other cryogenic components with optical fibers, which have a considerably smaller footprint and negligible thermal conductivity. The challenge lies in converting the microwave signals used to control qubits into infrared light that can be transmitted through fiber. This is where microwave-to-optical transduction comes into play, a field dedicated to the coherent conversion of microwave photons to optical photons. QphoX has developed transducers with piezo-optomechanical technology that are capable of performing this conversion, forming an interface between superconducting qubits and fiber-optics.

    To demonstrate the potential of this technology, QphoX, Rigetti and Qblox connected a transducer to a superconducting qubit, with the goal of measuring its state using light transmitted through an optical fiber. The results of this collaborative effort have been published in Nature Physics. Remarkably, it was discovered that not only is the transducer capable of converting the signal that reads out the qubit, but that the qubit can also be sufficiently protected from decoherence introduced by thermal noise or stray optical photons from the transducer during operation.

    “Microwave-to-optics transduction is a rapidly emerging technology with far-reaching implications for quantum computing. Our work demonstrates that transducers are now ready to interface with superconducting qubit technology. This is an exciting and crucial demonstration, with the potential for this technology being far reaching and potentially transformative for the development of quantum computers,” says Dr. Thierry van Thiel, lead author of the work and Lead Quantum Engineer at QphoX.

    “Developing more efficient ways to design our systems is key as we work towards fault tolerance. This innovative, scalable approach to qubit signal processing is the result of our strong partnerships with QphoX and Qblox and showcases the value of having a modular technology stack. By allowing our partners to integrate their technology with ours, we are able to discover creative ways to solve long-standing engineering challenges,” says Dr. Subodh Kulkarni, Rigetti CEO.

    “Realizing industrial-scale quantum computers comes with solving several critical bottlenecks. Many of these lie in the scalability of the readout and control of qubits. As Qblox is entirely focused on exactly this theme, we are proud to be part of this pivotal demonstration that shows that QphoX microwave-to-optical transducers are a solid route to scalable quantum computing. We look forward to the next steps with Rigetti and QphoX to scale up this technology,” says Dr. Niels Bultink, Qblox CEO.

    About QphoX
    QphoX is the leading developer of quantum transduction systems that enable quantum computers to network over optical frequencies. Leveraging decades of progress in photonic, MEMS and superconducting device nanofabrication, their single-photon interfaces bridge the gap between microwave, optical and telecom frequencies to provide essential quantum links between computation, state storage and networking. QphoX is based in Delft, the Netherlands. See https://www.qphox.eu/ for more information.

    About Rigetti
    Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti’s 9-qubit Novera™ QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer’s existing cryogenic and control systems. The Company’s proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry’s first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. Learn more at https://www.rigetti.com/.

    About Qblox
    Qblox is a leading provider of scalable and modular qubit control stacks. Qblox operates at the frontier of the quantum revolution in supporting academic and industrial labs worldwide. The Qblox control stack, known as the Cluster, combines key technologies for qubit control and readout and supports a wide variety of qubit technologies. Qblox has grown to 130+ employees and continues to innovate to enable the quantum industry. Learn more at https://www.qblox.com/.

    Reference
    T.C. van Thiel, M.J. Weaver, F. Berto, P. Duivestein, M. Lemang, K.L. Schuurman, M. Žemlička, F. Hijazi, A.C. Bernasconi, C. Ferrer, E. Cataldo, E. Lachman, M. Field, Y. Mohan, F.K. de Vries, C.C. Bultink, J.C. van Oven, J.Y. Mutus, R. Stockill, and S. Gröblacher, Optical readout of a superconducting qubit using a piezo-optomechanical transducer, Nature Physics, 11 February 2025.
    https://www.nature.com/articles/s41567-024-02742-3

    QphoX Media Contact
    Simon Gröblacher, CEO
    press@qphox.eu

    Rigetti Media Contact
    Rebecca Malamud, Senior Marketing & Communications Manager
    press@rigetti.com

    Qblox Media Contact
    Eva Flipse, Head of Marketing
    eflipse@qblox.com

    Cautionary Language and Forward-Looking Statements
    Certain statements in this communication may be considered “forward-looking statements” within the meaning of the federal securities laws, including statements with respect to the Company’s expectations with respect to its future success and performance, including expectations with respect to the ability to use an optical transducer to perform readout on the Company’s superconducting qubits; the potential with respect to quantum computing driving transformative breakthroughs in fields such as advanced material design, artificial intelligence, and drug discovery; the number of qubits necessary to reach fault tolerance; potential to replace coaxial cables and other cryogenic components with optical fibers; the ability to convert microwave signals used to control qubits into infrared light that can be transmitted through fiber; expectations of using optical transducers to protect a qubit from decoherence introduced by thermal noise or stray optical photons; readiness of interfacing optical transducers with semiconducting qubit technology; expectations with respect to scaling to create larger qubit systems without sacrificing gate performance using the Company’s modular chip architecture, including expectations with respect to the Company’s anticipated systems; expectations with respect to the Company’s partners and customers and the quantum computing plans and activities thereof; and expectations with respect to the anticipated stages of quantum technology maturation, including the Company’s ability to develop a quantum computer that is able to solve practical, operationally relevant problems significantly better, faster, or cheaper than a current classical solution and achieve quantum advantage on the anticipated timing or at all; expectations with respect to the quantum computing industry and related industries. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company’s ability to achieve milestones, technological advancements, including with respect to its technology roadmap, help unlock quantum computing, and develop practical applications; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the ability of the Company to expand its QPU sales and the Novera QPU Partnership Program; the success of the Company’s partnerships and collaborations; the Company’s ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company’s estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives, expansion plans and continue to innovate its existing services; the expected use of proceeds from the Company’s past and future financings or other capital; the sufficiency of the Company’s cash resources; unfavorable conditions in the Company’s industry, the global economy or global supply chain, including financial and credit market fluctuations and uncertainty, rising inflation and interest rates, disruptions in banking systems, increased costs, international trade relations, political turmoil, natural catastrophes, warfare (such as the ongoing military conflict between Russia and Ukraine and related sanctions and the state of war between Israel, Hamas and Hezbollah and related threat of a larger conflict), and terrorist attacks; the Company’s ability to maintain compliance with the continued listing standards of the Nasdaq Capital Market; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its expectations.

    The MIL Network –

  • MIL-OSI: Parallels Introduces New “Elevate Now” Partner Program to Boost Partner Growth and Success

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Feb. 11, 2025 (GLOBE NEWSWIRE) — Parallels, a global leader in virtualization and end-user computing solutions, today introduced its “Elevate Now” Partner Program, designed to equip new and existing partners with more resources, greater profitability, and enhanced support. The program updates, which focus on delivering increased value and growth opportunities, are aimed at enabling resellers, managed service providers (MSPs), value added resellers (VARs), and system integrators (SI) to thrive.

    “Our goal with this program redesign is to ensure that all partners, regardless of size, can navigate the changes and disruption in the traditional virtual desktop landscape,” said Michelle Chiantera, Chief Revenue Officer for Parallels. “With substantial updates to discounts, program tiers, and support, we’re delivering a partner-first, channel-first model that helps partners meet market demands, boost their bottom line, and offers an attractive alternative to Citrix.”

    Key benefits of Parallels’ “Elevate Now” Partner Program include:

    • Updated program tiers. In addition to added benefits for existing Silver, Gold, and Platinum partners, Parallels has introduced a new Essentials tier, tailored for smaller partners who may not yet meet the minimum deal size requirements of higher tiers. This entry-level tier provides resources and support to help these partners grow and advance through the program. Plus, a new partner portal offers streamlined access to vital resources, empowering all partners to maximize program benefits and succeed.
    • Expanded partner benefits. Higher discounts, enriched support, faster onboarding, and free enablement and certification across all program tiers ensure partners can more easily grow and thrive.
    • Increased profitability. The updated discount model emphasizes new business generation, offering higher margins for resellers, while enabling partners to manage and fully benefit from customer renewals.

    “With our partner-sourced sales pipeline doubling and new deal registrations tripling over the past year, we’re excited to see that our partners are thriving,” said Chiantera. “The changes we’ve made to our program are designed to sustain this momentum, giving partners even greater profit margins and the resources they need to unlock new opportunities.”

    “The benefits we receive as strategic partners allow us to increase our margins through enhanced deal registration and MDF investments, helping us grow and expand our Parallels footprint. Parallels also supports us in maintaining our installed base, which has become a key market differentiator for us.” – Pedro Guerreiro, Chief Solutions Officer, A2it Technology

    Parallels extends migration program

    Parallels is empowering Citrix and Omnissa customers to transition smoothly to Parallels solutions with its specialized migration program, extended through to May 31, 2025. This program includes tailored migration tools and financial incentives, such as a free one-year license for customers committing to a three-year paid subscription and additional rebates for gold and platinum partners. For more details, including the program terms, conditions, and complete eligibility requirements, visit: www.parallels.com/lp/parallels-migration.

    Flexible SPLA billing simplifies license management for MSPs

    Parallels offers tailored support for MSPs through its flexible SPLA concurrent billing model, enabling partners to manage customer licenses on a monthly basis with ease and scalability. With this model, MSPs can access Parallels’ powerful suite of solutions to deliver secure, high-performance virtual workspaces without upfront commitments. To learn how Parallels can streamline your services, visit www.parallels.com/partners/msp/.

    Empower customer success with Parallels’ suite of end-user computing solutions

    “Elevate Now” partners gain access to Parallels’ comprehensive suite end-user computing solutions, including Parallels RAS, Parallels Secure Workspace, Parallels DaaS, and Parallels Browser Isolation. Learn more at www.parallels.com/partners.

    About Parallels

    Parallels is a global leading brand in cross-platform solutions that make it simple for businesses and individuals to use and access the applications and files they need on any device or operating system. Parallels helps customers leverage the best technology out there, whether it’s Windows, Mac, ChromeOS, iOS, Android, or the cloud. Parallels solves complex engineering and user-experience problems by making it simple and cost-effective for businesses and individual customers to use applications anywhere, anytime. For more information, please visit www.parallels.com.

    © 2025 Parallels International GmbH. All rights reserved. Parallels is a trademark or registered trademark of Parallels International GmbH. in Canada, the United States and/or elsewhere. Mac is a trademark of Apple Inc. Android and ChromeOS are trademarks of Google LLC. All other company, product and service names, logos, brands and any registered or unregistered trademarks mentioned are used for identification purposes only and remain the exclusive property of their respective owners. For all notices and legal information please visit www.parallels.com/about/legal/

    Contact:
    Ashley Ruess
    ashley.ruess@alludo.com

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8652a83e-758b-429e-8cb6-22324f22f756

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bfbf424c-3b2e-442b-8fa5-89b0c64d2fec

    The MIL Network –

  • MIL-OSI: StoneX and Fiserv Partner to Enhance Cross-Border Payment Capabilities for Financial Institutions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — StoneX Group Inc. (“StoneX”; NASDAQ: SNEX) announced that its Payments Division (“StoneX Payments”) has entered into a partnership with Fiserv, Inc. (NYSE: FI) to extend its advanced cross-border payments offering to financial institutions. In conjunction with Fiserv’s Payments Exchange Services, community banks and credit unions will have an opportunity to directly leverage StoneX’s institutional-grade infrastructure, resulting in dramatically improved global reach, ultra-competitive pricing, and robust transparency across cross-border payment lifecycles.

    Payments Exchange Services from Fiserv is a flexible, web-based platform for completing end-to-end, real-time payments 24/7/365 through the RTP® Network from The Clearing House and the US Federal Reserve’s FedNow® Service, while also offering a range of foreign exchange and global payment capabilities.

    “This partnership with Fiserv is a key part of our broader strategic vision to expand StoneX Payments’ reach and enhance cross-border money movement for financial institutions globally,” said Thiago Vieira, Global Head of StoneX Payments. “This collaboration represents a significant opportunity for banks and credit unions to obtain enhanced capabilities that have traditionally been reserved for only the world’s largest financial institutions.”

    StoneX’s broad global coverage eliminates redundancies and streamlines processes associated with legacy systems and networks, which are reliant on multiple intermediaries to facilitate international transfers. This approach can result in significant cost reduction, faster payment fulfillment, and an enhanced client experience throughout the payment lifecycle.

    “Over time, through our close work with community banks and credit unions, we’ve recognized the critical need for a more competitive offering compared to what the market has traditionally provided,” said Stephen Kuhl, Managing Director, Financial Institutions for StoneX Payments. “Our platform empowers financial institutions to significantly elevate their client offering with a global payments solution and leverage multiple benefits, including improved client retention, new revenue streams, and enhanced competitiveness. Community banks and credit unions increasingly have realized that offering international payments services is essential to meeting the needs of their diverse client base, including businesses, high-net-worth clients, and individuals at large with global requirements.”

    “At Fiserv, we recognize that foreign exchange and international payments are an invaluable part of community banks’ and credit unions’ product suites. It is imperative that they offer capabilities on par with the broader competitive landscape,” said Justin Jackson, Senior Vice President of Enterprise Payment Solutions at Fiserv. “We look forward to partnering with StoneX to bring their comprehensive service offering to this segment.”

    About Fiserv:

    Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies™. Visit fiserv.com and follow on social media for more information and the latest company news.

    About StoneX:

    StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders, and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service, and deep expertise. The company strives to be the one trusted partner to its clients, providing its network, products, and services to allow them to pursue trading opportunities, manage their market risks, make investments, and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX Group Inc. and its 4,300+ employees serve more than 54,000 commercial, institutional, and global payments clients, and more than 400,000 retail accounts, from more than 80 offices spread across six continents.

    NASDAQ: SNEX
    www.stonex.com

    For more information contact:
    Stephen Kuhl, Managing Director: Financial Institutions
    Stephen.kuhl@stonex.com

    The MIL Network –

  • MIL-OSI: Varonis at ViVE 2025: Reduce the PHI Blast Radius and Safely Enable AI With Automation

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 11, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced its upcoming participation at ViVE 2025, February 16 – 19 in Nashville, Tenn.

    Today’s bad actors don’t break in — they log in. Varonis secures PHI by limiting an organization’s blast radius — all the damage an attacker can do with just one comprised identity — in SaaS, IaaS, and hybrid environments. By ensuring only the right users can access the data they need, Varonis helps organizations maintain compliance with evolving HIPAA regulations and protect against overexposure.

    Varonis Highlights at ViVE 2025:

    Meet Varonis in Person: Visit Varonis at Viosk #2825 inside the Cybersecurity Pavillion for 1:1 demos and giveaways. Learn how the Varonis Data Security Platform helps hospitals and healthcare systems secure sensitive patient data, automate compliance, and reduce ransomware risk.

    Expert Session: “PHI-ght for Your Right to AI Party!” Varonis Field CTO Brian Vecci will shed light on the crucial need for healthcare organizations to gain visibility into AI use, data access, and PHI exposure. He’ll discuss how healthcare leaders can meet current requirements and adapt to future HIPAA changes.

    Date: Tuesday, February 18 at 2 p.m. CT
    Location: Cybersecurity Pavilion

    Additional Resources

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

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

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

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

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

    The MIL Network –

  • MIL-OSI: AvePoint Launches the Next Generation of Elements to Modernize Managed Services for MSPs

    Source: GlobeNewswire (MIL-OSI)

    JERSEY CITY, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) — AvePoint (Nasdaq: AVPT), the global leader in data security, governance and resilience, today announced the launch of the next generation of AvePoint Elements to transform managed service providers’ (MSPs) client, cloud, and tenant management with an AI-enhanced platform for data security, IT management, and operational efficiency. Launching the next generation of AvePoint Elements underscores the Company’s continued investment in its channel business, which makes up over half of its annual recurring revenue (ARR), by equipping partners with new security-centric recurring revenue streams through a seamless, all-in-one platform.

    “Our partners have a massive opportunity to unlock new recurring revenue streams through security, backup, workspace management and compliance services this year,” said Coby Liang, Head of EMEA, AvePoint. “Our Elements Platform empowers MSPs to deploy standardized security and compliance configurations consistently across multiple tenants, helping them efficiently manage increasing data volumes and complex environments, thus driving growth and capitalizing on the expanding cybersecurity market.”

    According to Canalys, over 90% of cybersecurity solutions will be partner-delivered in 2025. MSPs using the next generation of AvePoint Elements can secure client data and build additional service offerings to rapidly tap into this opportunity without needing additional resources. Benefits include:

    • Enhanced operational efficiency: Without a unified platform, MSPs face complex client management, slow onboarding and issue resolution, and a lack of integration for various tools. AvePoint Elements integrates with AvePoint’s award-winning compliance and data protection solutions and features seamless API integrations, enabling automation and remote management for efficient service delivery. Additionally, it provides centralized baseline management and workspace governance, ensuring consistency and efficient lifecycle management across customer tenants.
    • Increased profitability: AvePoint Elements automates manual tasks and simplifies transactions between partners and their customers, empowering MSPs to focus on value-added services and lower their operational costs. With AvePoint’s multi-SaaS support, MSPs can serve customers across clouds from within one platform, driving their total addressable markets up with one vendor and providing more opportunities to offer security, backup and compliance services.
    • Seamless scalability: The AvePoint Elements Platform offers centralized management for multi-tenant configurations so MSPs can deploy, track and enforce security and compliance across multiple tenants. Using automation to scale, this enables MSPs to increase total volume of data managed and secured and standardize their onboarding process for new customers.
    • Advanced security and control: Without centralized policies, MSPs lack visibility, are at high risk of non-compliance and have inadequate threat protection. With proactive security monitoring and automated policy enforcement through AvePoint Elements, MSPs can ensure robust protection and premium data security to all customers from one platform.

    “MSPs have significant revenue opportunities surrounding multi-cloud data security and workspace management, especially when they offer more than one solution to their customers within a managed service,” said Scott Sacket, Senior Vice President of Partner Strategy, AvePoint. “Through our private preview, partners have already seen a 40% increase in average revenue per user when they integrate more than two solutions into a managed service. On top of that, our private preview partners saw that time wasted on operations and infrastructure, which can take away from valuable service delivery and customer care, has already been reduced by 85%.”

    To learn more about the next generation of AvePoint Elements, visit our website.

    About AvePoint: 

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

    Forward-Looking Statements: 

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

    Disclosure Information: 

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

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

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

    The MIL Network –

  • MIL-OSI: ControlUp Launches ControlUp for Apps, Expands DEX Platform Support for SaaS and Web Applications

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 11, 2025 (GLOBE NEWSWIRE) — ControlUp, at the forefront of Digital Employee Experience (DEX) management, today announced the launch of ControlUp for Apps, a new addition to its acclaimed ControlUp ONE DEX platform. ControlUp for Apps provides unparalleled real-time visibility and proactive management for SaaS and web applications, addressing critical visibility gaps that IT teams face in today’s era of hybrid and composite employee workspaces.

    The use of SaaS applications is exploding, creating new security and management challenges. According to the 2024 Gartner® Magic Quadrant™ for SaaS Management Platforms1, “Through 2027, organizations that fail to centrally manage SaaS life cycles will remain five times more susceptible to a cyber incident or data loss due to incomplete visibility into SaaS usage and configuration.” And further, “Through 2027, organizations that fail to attain centralized visibility and coordinate SaaS life cycles will overspend on SaaS by at least 25% due to unused entitlements and unnecessary, overlapping tools.”

    “ControlUp for Apps represents a pivotal advancement in how IT teams manage and optimize the performance of the SaaS and web applications employees increasingly rely on to get work done,” said Guy Weintraub, Vice President of Product, ControlUp. “Using our deep insights and exclusive issue resolution processes, ControlUp for Apps is uniquely positioned to transform the service desk’s approach to application management, without requiring dedicated domain training or expertise, making a significant impact on organizational security and productivity.”

    Easy to use with fast time to value, ControlUp for Apps enables IT teams to quickly identify and resolve issues specific to employee experiences or broader systemic problems without the need for specialized SaaS expertise. This capability is crucial, given the increasing reliance on diverse and complex applications in enterprise environments. Key features for a range of use cases include:

    • For the IT Service Desk: Enhanced service desk efficiency by integrating key performance metrics and errors into ControlUp ONE’s existing employee-centric views. It allows service desk teams to quickly pinpoint issues across the end user’s digital workplace, aiding in the rapid identification and remediation of root causes related to SaaS or web application issues. This improved troubleshooting capability ensures that end users can return to peak productivity without unnecessary delays or escalations.
    • For IT Desktop Teams: Provides IT desktop teams with enhanced visibility into the digital workplace experience by monitoring SaaS and web applications in real time. This visibility is crucial for identifying and addressing blind spots that often cause delays and miscommunications among technology teams. With ControlUp for Apps, desktop teams gain the insights needed to preemptively address issues, without requiring domain-specific expertise or training, reducing the finger-pointing that can occur between technology owners.
    • For IT Operations: Offers IT operations teams comprehensive health and usage insights for all monitored SaaS and web applications. The platform’s intuitive dashboards display detailed performance data, enabling proactive management of application health. This capability ensures that IT can maintain high levels of service continuity and application availability, which is critical for supporting the productivity of the modern workforce.

    ControlUp for Apps integrates technology acquired from Avanite, a pioneer in user and browser management technology which became part of the ControlUp innovation engine in November 2023. ControlUp for Apps is tightly integrated into the ControlUp ONE platform and utilizes features such as custom reporting, alerting, and data export automation to enrich the existing SaaS and web application data that ControlUp already provides through features such as synthetic monitoring and Secure DX User Risk Analytics.

    ControlUp for Apps is available now for physical endpoints as part of the ControlUp ONE platform. For more information, read this blog, join our upcoming webinar on February 19th, 11 A.M. ET, or start a free trial here.

    About ControlUp
    ControlUp eliminates digital workplace friction for both IT teams and employees, fostering a productive, high-performing work environment. By enhancing the digital experience across any environment with actionable, AI-driven insights and proactive remediation tools, ControlUp’s scalable Digital Employee Experience (DEX) platform reduces the cost and complexity of workspace management while boosting efficiency and delivering measurable ROI across the organization. Nearly 2,000 customers worldwide, including more than one-third of the Fortune 100, trust ControlUp. Learn more at https://www.controlup.com.

    Press Contacts:
    ControlUp PR
    media@controlup.com

    1Gartner® Magic Quadrant™ for SaaS Management Platforms, September 2024, by Tom Cipolla, Yolanda Harris, Jaswant Kalay, Dan Wilson, Ron Blair, Lina Al Dana. GARTNER and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

    The MIL Network –

  • MIL-OSI: Investeringsforeningen Nykredit Invest Balance suspender midlertidig handel med udvalgte afdelinger

    Source: GlobeNewswire (MIL-OSI)

    Nykredit Portefølje Administration A/S anmodede den 11. februar 2025 Nasdaq Copenhagen om at suspendere udvalgte afdelinger kl. 12, grundet tekniske udfordringer. 

    Suspensionen blev ophævet kl. 14:33. 

    ISIN Fund Name Order Book Code
    DK0061671013 Bæredygtig Defensiv KL NBIBDKL
    DK0061671286 Bæredygtig Moderat KL NBIBMKL
    DK0061671369 Bæredygtig Offensiv KL NBIBOKL
    DK0016188733 Defensiv KL NBIDEKL
    DK0016188816 Moderat KL NBIMOKL
    DK0060441749 Offensiv KL NBIOFKL

    Eventuelle spørgsmål vedrørende denne meddelelse kan rettes til npa.pm@nykredit.dk eller JNA@nykredit.dk

    Med venlig hilsen

    Nykredit Portefølje Administration A/S

    Tage Fabrin-Brasted

    The MIL Network –

  • MIL-OSI: Artificial Intelligence (AI) Influence on Healthcare Market Expected to Generate Revenues of $610 Billion By 2034

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Feb. 11, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The growing adoption of the digital technologies in the healthcare sector owing to the growing need for reducing the healthcare costs and offer enhanced quality patient care services to the patients are the prominent factors that are boosting the growth of the global artificial intelligence in healthcare market. The surging prevalence of various chronic diseases and growing elderly population is resulting in the increased pool of patients at hospitals. The large volume of patient health data is generated every day, which is required to be stored and managed effectively. The growing demand for the personalized medicines and the necessity of maintaining digital health records are significantly driving the artificial intelligence in healthcare market. The novel technologies like artificial intelligence and machine learning are now being integrated to the healthcare systems that will allow the health professionals in early identification of the diseases and offer enhanced care services to the patients. Moreover, the data analytics, deep learning technology, natural language processing (NPL), predictive analytics, and content analytics are supporting the healthcare professionals in early diagnosis and care services. A report from Precedence Research said that the global artificial intelligence (AI) in healthcare market size accounted for USD 26.69 billion in 2024 and is predicted to reach around USD 613.81 billion by 2034, growing at a CAGR of 36.83% from 2024 to 2034. North America AI in healthcare market size reached USD 8.67 billion in 2023. Active A.I. companies active in the markets include: Avant Technologies Inc. (OTCQB: AVAI), Tempus AI, Inc. (NASDAQ: TEM), BigBear.ai (NYSE: BBAI), Talkspace (NASDAQ: TALK), SoundHound AI, Inc. (NASDAQ: SOUN).

    The Precedence Research report added: “North America region was the highest market share holder in (recent years). North America is characterized by the increased inclination towards the advanced and latest digital technologies. The strong and developed healthcare, IT, and telecommunications infrastructure in North America has supported the growth of the artificial intelligence in healthcare market. Furthermore, the favorable government policies that encourage the adoption of the digital and novel technologies like artificial intelligence in the healthcare sector. North America has the presence of huge pool of patients. It is estimated that over half of the US population is suffering from one or more chronic diseases. This is resulting in increased volume of patients in hospitals. The health data of these patients needs to be stored and managed in digital form as per the government regulations. This is a major factor that propels the demand for the artificial intelligence in healthcare sector.”

    Avant Technologies, Inc. (OTCQB: AVAI) and Ainnova Advance Toward FDA Clinical Trial with Selection of Top CRO – Avant Technologies, Inc. (“Avant” or the “Company”) and its partner, Ainnova Tech, Inc., (Ainnova), a leading healthcare technology company focused on revolutionizing early disease detection using artificial intelligence (AI), today announced the selection of Fortrea, a global provider of clinical development solutions to the life sciences industry, as the contract research organization (CRO) to conduct Ainnova’s upcoming clinical studies to seek approval from the U.S. Food and Drug Administration (FDA) for Ainnova’s Vision AI platform.

    Fortrea will assist Ainnova in requesting a pre-submission meeting with the FDA for guidance on the clinical testing needed for its Vision AI platform in the early detection of diabetic retinopathy. After a pre-submission meeting, Fortrea will then work with Ainnova on its FDA submission and a subsequent clinical study before concluding with an FDA 510(k) submission to obtain clearance from the FDA to market its Vision AI platform.

    The upcoming clinical studies are significant to Avant and its shareholders because of the partnership formed by Avant and Ainnova to advance and commercialize Ainnova’s technology portfolio, including its Vision AI platform and its versatile retinal cameras. The joint venture formed by the two companies, Ai-nova Acquisition Corp. (AAC), has the licensing rights for this portfolio in the U.S., Canada, and Europe, so the success of Ainnova’s clinical studies with the FDA will be vital to marketing the technology portfolio in the United States.

    Ainnova’s Chief Executive Officer, Vinicio Vargas, said of the selection, “We worked diligently to identify and select the right CRO to help us both engage the FDA and then conduct our clinical studies. Fortrea is an established and highly regarded full-service CRO with expertise in more than 20 therapeutic areas, and a CRO with an extensive portfolio of successfully completed clinical trials, including those involving both emerging and large biopharmaceutical, medical device, and diagnostic companies.”

    With Fortrea’s guidance, Ainnova expects to submit its pre-submission application in the coming weeks and expects to meet with the FDA for its pre-submission meeting in late March/early April 2025. Additionally, Ainnova will also interact with the FDA to devise a plan to obtain clearance for four algorithms it recently acquired the exclusive licensing rights to, which include early detection for cardiovascular risk, prediabetes and Type 2 diabetes, fatty liver disease, and chronic kidney disease. CONTINUED… Read this and more news for Avant Technologies at: https://www.financialnewsmedia.com/news-avai/

    In other A.I. developments and happenings in the market recently include:

    Tempus AI, Inc. (NASDAQ: TEM), a technology company leading the adoption of AI to advance precision medicine and patient care, recently announced it has completed its acquisition of Ambry Genetics, a recognized leader in genetic testing that aims to improve health by understanding the relationship between genetics and disease.

    “This acquisition complements our strategy of leveraging diagnostics and data to drive innovation, further strengthening our ability to deliver cutting-edge solutions to clinicians, patients, and life sciences companies,” said Eric Lefkofsky, Founder and CEO of Tempus. “We are excited to welcome Ambry to the Tempus team as we work together to improve patient outcomes and transform treatment journeys through the power of technology.”

    BigBear.ai (NYSE: BBAI) has recently been awarded a contract by the Department of Defense (DoD) Chief Digital and Artificial Intelligence Office (CDAO) to advance BigBear.ai’s Virtual Anticipation Network (VANE) prototype. This initiative will support the CDAO and Office of the Secretary of Defense (OSD) by leveraging custom AI models to better assess news media originating in countries that are potential foreign adversaries.

    The prototype award is designed to improve CDAO’s ability to identify key trends and topics related to potential foreign adversarial areas of interest, enabling faster and more informed assessments of media data vital to national security. VANE was created to contrive clarity in multi-domain environments for military and government applications by aggregating and analyzing vast data points, enabling predictions of adversarial activity in complex situations.

    “We are honored to continue our support in the modernization of our nation’s defense efforts. This award underscores the importance of leveraging cutting-edge AI technologies to address complicated geopolitical challenges,” said Ryan Legge, President of National Security at BigBear.ai. “By advancing VANE within CDAO, we are arming our warfighters with sophisticated intelligence capabilities to leverage foreign insights critical to the safety of our Nation and those protecting it.”

    Talkspace (NASDAQ: TALK) recently announced the launch of Insights, a new feature that enhances therapeutic care by helping Talkspace providers efficiently prepare for sessions and guide client care between sessions. The feature was developed and refined in partnership with Talkspace clinicians.

    Before each session, providers can use Insights to synthesize data from each client’s care journey, a process that is typically manual — including changes in that client’s symptom acuity from evidence-based psychological assessments and key details from the most recent session — to generate a concise pre-session primer tailored to the therapist’s upcoming appointment. After the session, an update can be generated to reflect the discussion’s key points, highlight therapeutic progress, and note follow-ups for future sessions.

    SoundHound AI, Inc. (NASDAQ: SOUN), a global leader in voice artificial intelligence, recently announced the launch of Brand Personalities, a groundbreaking feature for its SoundHound Chat AI Automotive voice assistant – making it the first in-vehicle assistant to offer distinct, customizable personas tailored to each automaker’s unique brand identity, designed to enhance both the user experience and brand loyalty for OEMs.

    Brand Personalities enables car makers to control the entire personality of their voice assistant including response style, character and vivaciousness. Automotive partners can choose from pre-designed personas, create fully customized personalities tailored to their specific needs, or even introduce seasonal characters for campaigns. Due to SoundHound’s unique software architecture, multiple personas can be defined for specific sub-brands or model lines—allowing sports cars, family cars, and commercial vehicles to each have distinct personalities that reflect the unique needs of their customers.

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

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

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

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

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Primech AI Signs Three Pilot Program Agreements with Leading Singapore Cleaning Companies for HYTRON Cleaning Robot

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 11, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), proudly announces the signing of three important pilot program agreements for its groundbreaking HYTRON AI-powered cleaning robots. These agreements with established Singapore-based cleaning companies, including a leading provider of facilities and industrial services operating across Singapore, China, and Malaysia, represent a major expansion of Primech AI’s market presence and a solid vote of confidence in its advanced AI technology.

    These agreements involve deploying HYTRON units across various sectors, showcasing the versatility and efficiency of these AI-powered cleaning solutions. The HYTRON units are powered by NVIDIA Jetson Orin Super, a state-of-the-art System-on-Module (SoM) designed for robust edge AI and robotics applications robots that will enhance hygiene standards and operational efficacy at several key facilities, reflecting growing industry confidence in robotic automation.

    At the core of HYTRON’s navigation capabilities is a multi-sensor system consisting of (1) LIDAR for Mapping and Navigation, which enhances both precision and safety; (2) Ultrasonic Sensors for Proximity Detection to identify nearby objects and adjust its path accordingly, ensuring seamless movement through cluttered spaces without colliding with furniture or other obstacles; and (3) AI-powered Camera Sensors for Object Identification to recognize and classify bathroom objects, such as sinks, toilets, and mirrors. This ensures it applies the appropriate cleaning technique to each surface, enhancing its efficiency in commercial restroom cleaning.

    Under the two-year pilot program agreements, these prominent cleaning companies will integrate HYTRON robots into their daily facility operations. This reflects the sector’s readiness to embrace innovative cleaning solutions that promise to revolutionize facility management through enhanced efficiency and reduced costs. This deployment is set to showcase the substantial benefits of integrating AI-powered automation into traditional cleaning processes.

    Each pilot program agreement includes full support from Primech AI’s customer service framework, ensuring that HYTRON operates at peak efficiency and reliability. In addition, Primech AI will conduct staff training for the companies to ensure the effective operation and maintenance of the robots.

    “Our three new esteemed partners for these pilot programs have a combined 75 years of facilities service and have worked on nearly 1,000 different commercial cleaning projects. Securing these leases is a strong endorsement of HYTRON’s capabilities and our Company’s direction,” stated Charles Ng, Chief Operating Officer of Primech AI. “We believe HYTRON is the future of cleaning and look forward to sharing updates with our shareholders about our continued development as the facility management industry reflects a continued shift and acceptance of robotic solutions.”

    About Primech Holdings Limited
    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.

    About Primech AI
    Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. 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 that such expectations will be correct. 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.

    Company Contact:
    Email: ir@primech.com.sg

    Investor Relations Contact:        
    Matthew Abenante, IRC
    President                                        
    Strategic Investor Relations, LLC                                         
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network –

  • MIL-OSI: New Forests adopts Intapp DealCloud to bolster capital raising

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, announces that New Forests has implemented Intapp DealCloud to modernize its investor relations and fundraising functions. New Forests is a global investment manager of nature-based real assets and natural capital strategies with teams spanning the United States, Southeast Asia, Africa, and Australia. The firm manages a diversified portfolio of sustainable timber plantations and conservation areas, carbon and conservation finance projects, agriculture, timber processing, and infrastructure.

    Leading strategic change
    “With Intapp DealCloud, we are able to keep better track of our investors, and the entire fundraising process, to ensure we’re offering investors and prospective investors a more targeted and tailored approach to relationship management,” said Sarah Clawson, Global Head of Investor Relations at New Forests. “The AI capabilities within DealCloud will help streamline reporting, investor outreach, and follow ups.”

    Modernizing investor relations
    DealCloud provides New Forests’ investor relations teams with the insight they need to make important decisions and build long-term relationships with investors. It is a data-powered platform built for capital markets firms that centralizes critical proprietary and third-party data. Access to real-time data and analytics helps New Forests’ IR professionals cultivate existing and prospective investor relationships, build pipeline, organize investor events, and tailor thought leadership content.

    Using Applied AI, DealCloud furthers the modernization of investor relations processes through every stage of the process. With AI assistance, IR professionals can analyze data quickly and accurately, and make more informed decisions based on real-time insights, market trends, and existing firm knowledge. DealCloud’s AI capabilities also help automate everyday workflows, identify and communicate with potential new investors, and ensure investor and fundraising activity is recorded for future reference.

    Multiplying success with Intapp
    “We’re excited to work with New Forests, a leading investment manager across Australia, New Zealand, Southeast Asia, Africa and the United States,” said Rudy Saad, Global Head of Private Equity and Private Capital Markets at Intapp. “With Intapp DealCloud, their IR professionals are empowered with greater visibility into key investor interactions, more targeted business development campaigns, and ultimately better management of capital raising initiatives while automating more manual processes.”

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

    About New Forests
    New Forests is a global investment manager of nature-based real assets and natural capital strategies, with A$11.6 billion in assets under management across more than 4.2 million hectares of investments. We manage a diversified portfolio of sustainable timber plantations and conservation areas, carbon and conservation finance projects, agriculture, timber processing and infrastructure. We aim to generate shared prosperity for our clients and the communities in which we operate and accelerate the transition to a sustainable future (as at 30 June 2024).

    Headquartered in Sydney, New Forests is a Certified B Corp and operates in Australia, New Zealand, Southeast Asia, Africa and the United States. www.newforests.com.

    Intapp
    Ali Robinson
    Global Media Relations Director, Intapp
    press@intapp.com

    The MIL Network –

  • MIL-OSI: Most Popular Cruise Ports, Published by Travel Planning App, Visited

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) — Visited app, a travel list app published by Arriving In High Heels Corporation, announces the publication of its Top 25 Most Visited cruise ports list, based on international travelers cruising. The app was developed to keep track of all countries visited, it has later expanded to include US states that users have been to and destinations and experiences while abroad. With over 175 travel lists to choose from, including famous ports, users can select places and activities that they have done or wish to do. By building their ultimate bucket list, they are able to plan their future trip with itinerary feature.

    The top visited cruise ports list is based on over 2.45 international travelers, with the full list available in the app on iOS or Android stores. “It is not surprising that 5 cruise ports out of 25, are found in United States, as a lot of cruises heading to Caribbean and Latin America originate there. What is surprising is that Barcelona continues to top the list as the most visited cruise port,” said Anna Kayfitz, CEO of Arriving In High Heels.

    For those that love Cruising, here are the top 10 most popular cruise ports as per Visited’s users:

    1. Barcelona, Spain
    2. Venice, Italy
    3. Miami, USA
    4. London, UK
    5. Amsterdam, Netherlands
    6. New York, USA
    7. Naples, Italy
    8. Lisbon, Portugal
    9. Copenhagen, Denmark
    10. Cozumel, Mexico

    To see the full list of popular cruise ports in United States and abroad, download the Visited app on iOS or Android.

    About Visited Travel App

    Visited is the ultimate travel bucket list app, is the app for those that love to travel both internationally and domestically. Some features of the app includes:

    • Personalized map which an be looked at as by country, region or city
    • Over 175 Travel lists, where users can select where they have been or want to go and what they like or want to do. Travel categories include places such as art museums, US National Parks or activities such as golf destinations, culinary experiences and wine regions.
    • You can print your personal travel poster, which is a 16x20in country map with been, want and live colors.
    • Trip itinerary feature lets you see the number of places and experiences you wish to visit and do by country. The rank helps decide where to next.
    • Personal travel stats let’s you see how many countries you visited, what percentage of the world or country you have seen as well as they type of traveler you are.

    The travel app is available in 30 languages and is available on iOS or Android and free to download.

    To learn more about the Visited app and its latest feature update, please visit https://visitedapp.com/.

    About Arriving In High Heels Corporation
    Arriving In High Heels Corporation is a mobile app company with apps including Pay Off Debt, X-Walk and Visited, their most popular app. Visited Media publishes annual travel report, and provides customized travel research.

    Contact:
    Anna Kayfitz
    anna@arrivinginhighheels.com

    The MIL Network –

  • MIL-OSI: Hivello Token ($HVLO) now Live

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) — Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”) is pleased to announce that its majority-owned subsidiary, Hivello Holdings Ltd, has had its $HVLO token commence trading on leading exchanges, Gate.io and MEXC.

    $HVLO’s token listing should unlock greater passive income functionality for its users and attract new ones. Ultimately, the token will enable more users to participate in blockchain mining, earn rewards, and leverage the token’s utility across the growing DePIN ecosystem.

    This milestone marks a significant step in Hivello’s mission to revolutionize the Decentralized Physical Infrastructure Networks (DePIN) space by enabling seamless participation in decentralized computing. By connecting unused computing resources to decentralized networks, Hivello users can earn rewards while strengthening the DePIN ecosystem.

    With over fifteen thousand nodes already active in its beta application, Hivello is leading the DePIN aggregation space. The platform’s plug-and-play mining model removes the complexity of blockchain mining, making it accessible to both novice and experienced users.

    Blockmate has not directly issued any tokens or received any proceeds from the token listing. The tokens are issued by the Swiss-based HVLO Association, under licence from Hivello Holdings Ltd.

    Below is the press release from Hivello:

    Hivello’s $HVLO Token Live on Gate.io and MEXC exchanges

    London & Amsterdam, 11th February 2025 – Hivello, a DePIN aggregator that enables users to earn by monetising idle computer resources across multiple decentralised networks, has announced their Token Generation Event (TGE) is live, and the $HVLO token is officially trading. This marks a significant milestone in Hivello’s mission to redefine- and expand the DePIN (Decentralized Physical Infrastructure Networks) ecosystem.

    Key Dates and times:

    • Gate.io – 11 February 2025, 10 AM UTC
    • MEXC – 11 February 2025, 10 AM UTC
    • Raydium.io (Solana DEX) – 12 February 2025, 11AM UTC

    The company requests that interested individuals visit Hivello’s official website www.hivello.com for all the latest information, including the Contract Address (CA) for the smart contract.

    The $HVLO token is important in Hivello’s ecosystem, incentivizing users to contribute compute, storage, and networking resources to DePIN protocols. By listing on Gate.io and MEXC, two of the industry’s leading centralized exchanges, and Raydium, the largest decentralized exchange (DEX) on Solana, Hivello is ensuring deep liquidity and accessibility for a wide range of users.

    Now that $HVLO is live on multiple exchanges, multiple benefits exist:

    • Stake $HVLO via www.hivello.com for an APY of 88%.
    • Expanding accessibility and benefits of $HVLO, enabling more users to participate in decentralized compute mining, earn rewards, and leverage the token’s utility across the growing DePIN ecosystem.
    • Enhancing staking and governance functionalities for $HVLO holders, ensuring long-term engagement and sustainability.
    • Expanding partnerships with DePIN protocols and AI compute networks, driving broader adoption of decentralized infrastructure.
    • Scaling its network of decentralized node operators, making it easier for users worldwide to contribute to DePIN.

    Hivello will be running an X Space event for people to tune in, details below:

    For the latest updates on staking, rewards, and DePIN integrations, users are encouraged to follow Hivello’s official channels:

    Domenic Carosa, Co-Founder & Chairman of Hivello, stated:

    “Launching $HVLO and listing it on Gate.io, MEXC, and Raydium is a major achievement for Hivello and our growing community. These listings provide global accessibility, allowing more users to engage with decentralized compute and earn rewards through DePIN.”

    About Gate.io

    Founded in 2013, Gate.io is one of the top 5 cryptocurrency exchanges globally by real trading volume, providing secure, reliable, transparent, and authentic digital asset trading services to over 20 million users. For more information, visit www.gate.io.

    About MEXC
    Established in 2018, MEXC serves more than 30 million users in more than 170 countries. MEXC has an extensive range of popular tokens and airdrop options. Their platform provides safe and effective access to digital assets, catering to both novice traders and seasoned investors. MEXC places an emphasis on innovation and simplicity, which increases the accessibility and profitability of token trading.

    About Hivello
    Hivello is a DePIN aggregator that enables users to earn by monetising idle computer resources across multiple decentralised networks. The Swiss-based HVLO Association will issue the $HVLO token under license from Hivello Holdings Ltd.
    For more information about Hivello and to stay updated on its developments, visit www.hivello.com

    About Blockmate Ventures Inc.
    Blockmate Ventures is a venture creator focussing on building fast-growing technology businesses relating to cutting-edge sectors such as blockchain, AI and renewable energy. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download the free passive income app at www.hivello.com) and Sunified, digitising solar energy.

    The leadership team at Blockmate Ventures have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: www.blockmate.com.

    Blockmate welcomes investors to join the Company’s mailing list for the latest updates and industry research by subscribing at https://www.blockmate.com/subscribe.

    ON BEHALF OF THE BOARD OF DIRECTORS

    Justin Rosenberg, CEO
    Blockmate Ventures Inc
    justin@blockmate.com
    (+1-580-262-6130)

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

    Forward-Looking Information
    This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

    The MIL Network –

  • MIL-OSI: Siebert Financial Launches Investment Banking Division, Adding Industry Leaders Kimberly Boulmetis and Ajay Asija as Co-Heads

    Source: GlobeNewswire (MIL-OSI)

    MIAMI and NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — Siebert Financial Corp. (NASDAQ: SIEB) has launched Siebert Investment Banking, a strategic expansion designed to serve middle-market clients often overlooked by larger financial institutions. Leading this new division are Kimberly Boulmetis and Ajay Asija, two seasoned professionals with extensive experience in capital markets, M&A, and financial advisory services.

    Siebert Investment Banking will initially focus on providing tailored solutions for underserved companies in financial services in FinTech, depository, and specialty finance, expanding the practice into blockchain and digital assets and building additional verticals over time. In addition to the existing institutional distribution channels, the new division will be able to leverage Siebert’s extensive retail distribution network. The firm is uniquely positioned to provide certainty of execution in equity and debt financings while offering a client-centric, transparent business model that attracts top banking talent.

    John J. Gebbia Sr., CEO of Siebert Financial, emphasized the firm’s strategic vision. “Investment banking is a natural extension of Siebert’s commitment to providing best-in-class financial solutions to its clients. Kimberly and Ajay bring the expertise and leadership necessary to develop a strong platform, serving a vital market segment.”

    Asija and Boulmetis’ appointment strategically complements the recent expansion of the firm with the Capital Markets Group, led by Randy Billhardt complementing Siebert’s existing strengths.

    Ajay Asija, bringing over 25 years of experience in investment banking, has advised on over $90 billion in transactions throughout his career at firms including Lehman Brothers, J.P. Morgan, Bear Stearns, and B. Riley. Most recently, he served as CFO of BM Technologies, a publicly traded FinTech company, orchestrating its successful sale to First Carolina Bank. His M&A and strategic financial advisory expertise make him a key driver in Siebert’s expansion.

    “The middle market deserves the same level of expertise and execution as larger firms,” said Asija. “Siebert’s platform offers the ideal foundation to deliver trusted high-quality advisory services to clients who need them most.”

    With over 25 years of experience in debt capital markets and financial institutions advisory, Kimberly Boulmetis most recently was the head of U.S. Financial Institutions for the DCM Group at Mitsubishi UFJ Financial Group (MUFG) where she was responsible for covering a broad roster of financial institution clients – including banks, insurance companies, asset management firms, private equity sponsors, business development companies (BDCs) and closed-end funds.  She has a deep knowledge of markets, providing her clients with innovative strategic and financing solutions in both public & private markets. One of her major areas of focus is helping ’40 Act companies, specifically BDCs and Closed-End Funds, optimize their cost of capital.

    “I am so excited to join Siebert, a firm that was originally founded by Muriel Siebert, a true trailblazer, with current leadership that honors her legacy with incredible focus, drive, and the desire to continue to strategically enhance the firm for our clients’ benefit,” said Boulmetis. “Siebert’s current platform, coupled with the areas that the firm is building out, will allow Randy, Ajay & I to be extremely well-positioned to truly add value to our clients from a corporate advisory and capital raising perspective.”

    Randy Billhardt, Head of Capital Markets at Siebert, comments, “Investment banking at Siebert will be defined by its ability to provide a boutique, high-touch experience while leveraging the firm’s broad distribution network. I am proud to welcome Kimberly and Ajay to Siebert, adding their deep expertise and leadership to our growing capabilities.”

    About Siebert Financial Corp.
    Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.

    Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, and StockCross Digital Solutions, Ltd, and Gebbia Entertainment LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.

    Cautionary Note Regarding Forward-Looking Statements
    The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.

    These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A – Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2023, and Siebert’s filings with the SEC.

    Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.

    Media Contact
    Deborah Kostroun, Zito Partners
    deborah@zitopartners.com
    +1 (201) 403-8185

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cca28fdf-fc44-4b26-8a62-2f005b866714

    The MIL Network –

  • MIL-OSI: Turbo Energy Welcomes International Business Executive Julian Groves to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    VALENCIA, Spain, Feb. 11, 2025 (GLOBE NEWSWIRE) — Turbo Energy, S.A. (NASDAQ:TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced the appointment of Julian Groves to the Company’s Board of Directors, which was approved by the Company’s shareholders on December 18, 2024 at the Extraordinary General Meeting of Shareholders.

    Turbo Energy Welcomes Julian Groves to Board of Directors 

    Groves brings Turbo Energy extensive experience in commercial strategy, geographic market expansion, worldwide product distribution and logistics, capital formation, private equity investments and corporate governance, as well as nearly three decades of experience leading business-to-business, direct-to-consumer, retail, wholesale and ecommerce initiatives for numerous iconic global brands in both the public and private sectors.       

    Since February 2019, Groves has served as Chief Operating Officer and executive member of the Board of MGO Global, Inc., a Nasdaq-listed company engaged in global commercialization of digitally-native lifestyle brands that have included both legendary soccer icon Leo Messi’s apparel brand, Messi Brand, and Stand Flagpoles. In this role, he has helped MGO raise tens of millions in pre-IPO, IPO and follow-on financings and is currently working to complete MGO’s business combination with one of the world’s leading commercial and pool management businesses serving the crude oil and refined petroleum tanker market in a transaction expected to be valued at more than $300 million. 

    Previously, Groves served as CEO of EC2M Holdings, a lifestyle brand-building company which owned and operated London Persona, a growing men’s lifestyle brand launched as a direct-to-consumer shopping experience for men seeking season-to-season high-end wardrobes. EC2M also represented the lifestyle brand Trickers throughout North America and Canada, charged with developing and managing the brand’s B2B channel. Other former senior executive posts have included Sales Director, EMEA of J Brand Europe, a premium, American denim clothing company in which Fast Retailing acquired an 80% stake for $290 million in 2012. As General Manager, EMEA of True Religion, Julian had full profit and loss (P&L) responsibility for the region, overseeing corporate operations in Switzerland and managing full P&L responsibility for the growing, fashion-forward denim brand.

    In August 2007, Julian was recruited by GUESS Europe to serve as Country Manager of the casual lifestyle brand’s operations in the United Kingdom and Ireland. Under his proven leadership, GUESS Europe opened 32 concessions and 22 retail shops, including GUESS’ Central London flagship store. Earlier in his distinguished career, he was General Manager, UK and Ireland, for Groupe Zannier International from September 2004 through 2007; United Kingdom Sales Director for Burberry from September 2001 through 2004; and United Kingdom Sales Manager for LVMH Kenzo Homme UK Ltd. from November 1997 through August 2001.

    Commenting on Groves’ appointment to the Board Enrique Selva, Chairman of the Board of Turbo Energy, stated, “I am delighted to welcome Julian to Turbo Energy’s Board and believe that his deep understanding of business strategy and global market penetration will have a significant impact on Turbo Energy’s planned expansion initiatives – with particular emphasis on commercialization of our SUNBOX Home solar energy storage technologies in the United States. He represents an outstanding addition to our Board and his unique and proven skillset is expected to greatly complement and enhance the overall strength and depth of capabilities of our leadership.”

    About Turbo Energy, S.A.

    Founded in 2013, Turbo Energy is a globally recognized pioneer of proprietary solar energy storage technologies and solutions managed through Artificial Intelligence. Turbo Energy’s elegant all-in-one and scalable, modular energy storage systems empower residential, commercial and industrial users expanding across Europe, North America and South America to materially reduce dependence on traditional energy sources, helping to lower electricity costs, provide peak shaving and uninterruptible power supply and realize a more sustainable, energy-efficient future. A testament to the Company’s commitment to innovation and industry disruption, Turbo Energy’s introduction of its flagship SUNBOX represents one of the world’s first high performance, competitively priced, all-in-one home solar energy storage systems, which also incorporates patented EV charging capability and powerful AI processes to optimize solar energy management. Turbo Energy is a proud subsidiary of publicly traded Umbrella Global Energy, S.A., a vertically integrated, global collective of solar energy-focused companies. For more information, please visit www.turbo-e.com.

    Forward-Looking Statements

    Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks described in our registration statements and annual report under the heading “Risk Factors” as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

    For more information, please contact:
    At Turbo Energy, S.A.                                                 
    Dodi Handy, Director of Communications                        
    Phone: 407-960-4636                                                    
    Email: dodihandy@turbo-e.com 

    Attachment

    The MIL Network –

  • MIL-OSI: Moderne Secures $30M to Drive Billions in Enterprise Code Modernization Savings – Based on Its Innovative Tech Used by AWS, Microsoft, and Broadcom AI Assistants

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 11, 2025 (GLOBE NEWSWIRE) — Moderne, the automated code refactoring and analysis company, announced it has closed $30 million in Series B funding led by Acrew Capital with participation from Morgan Stanley, Amex Ventures, and TIAA Ventures, as well as all previous investors Allstate, Intel Capital, Mango Capital and True Ventures. The funding is further validation that Moderne is emerging as the only company driving mass-scale code modernization and tech debt remediation critical to the progress and success of enterprises and hyperscalers.

    In the last two years, billions of dollars have been invested in AI-powered coding assistants to help developers write new software. However, these tools can fail to address the millions of applications and billions of lines of existing code that companies have developed over the last three decades that must be constantly updated, maintained and secured.

    Moderne is the only company with a proven platform designed to analyze and transform large codebases efficiently and cost-effectively. The technology, developed for a fraction of the cost of the new crop of AI-powered coding assistants, stems from the OpenRewrite open-source project Moderne CEO and co-founder Jonathan Schneider developed at Netflix. OpenRewrite has become the de facto standard for code migration and maintenance, and it has been integrated into a number of developer tools from the world’s largest software companies, including AWS’s Amazon Q, Broadcom’s App Advisor, and Microsoft’s GitHub Copilot.

    “The challenge of addressing technical debt impacts nearly every company, but it’s mission-critical for enterprises managing massive, complex codebases,” said Mark Kraynak, Founding Partner at Acrew Capital. “Moderne’s technology is purpose-built for this scale, plus it complements and improves this new generation of AI for code. Moderne has redefined what success in code modernization looks like—delivering proven results for some of the largest and most sophisticated enterprises.”

    The breakthrough innovation powering Moderne is its one-of-a-kind Lossless Semantic Tree (LST) data model for code that enables a new level of insights into a codebase beyond what is visible in the typical ‘code as text’ representation. The Moderne Platform can work across multiple LST files at once to analyze and transform codebases quickly and accurately. When combined with agentic experiences, like Moderne’s new Mod Agent, developers can work even more efficiently to understand and evolve large codebases.

    “Moderne alone produces the data that is going to drive the next decade of code modernization. This data covers everything the compiler knows about the code multiplied by tens of thousands of repositories at each customer,” said Schneider. “Moderne is already driving large-scale application modernization savings for our customers over and over again—and we’re only scratching the surface of what can be done.”

    With a team of language engineering and software development experts, Moderne grew its customer base by 250% in 2024, attracting many Fortune 500 companies, including Allstate, Choice Hotels, and Walmart. In fact, five top North American banks are Moderne customers. The company will use the new funding to extend its commitment to providing ideal customer experiences and rapid time to value with Moderne.

    Additional Investor Quotes:

    Amex Ventures: “Moderne’s technology and open-source community can help enterprises move their valuable software forward with higher accuracy and reliability,” said Kevin Weber, Managing Director at Amex Ventures. “The company helps ensure efficient and cost-effective modernization.”

    TIAA Ventures: “It’s crucial that financial institutions are agile and adaptive in today’s advanced digital age. Moderne offers an impressive at-scale approach that can revolutionize code modernization, helping to streamline, improve, and secure the software that’s driving some of the biggest industries. This investment can streamline and improve services for TIAA retirement clients, and we look forward to working with the Moderne team,” said Thompson Barro, Senior Director at TIAA Ventures.

    About Moderne
    Moderne automates mass-scale code modernization that’s critical to the progress and success of enterprise companies today—making a difference in minutes, not months. Moderne is based in Miami, and its investors include Acrew Capital, Intel Capital, True Ventures, Mango Capital, Allstate Strategic Ventures, Morgan Stanley, Amex Ventures, and TIAA Ventures, among other investors and advisors. To learn more visit www.moderne.ai

    Contact: merrill@freundpr.com

    The MIL Network –

  • MIL-OSI: HomeTrust Bancshares, Inc. Announces Transfer of Listing of Common Stock to the New York Stock Exchange and Change in Ticker Symbol

    Source: GlobeNewswire (MIL-OSI)

    ASHEVILLE, N.C., Feb. 11, 2025 (GLOBE NEWSWIRE) — HomeTrust Bancshares, Inc. (NASDAQ: HTBI) (“Company” or “HomeTrust”), the holding company of HomeTrust Bank, today announced that the Company will transfer the listing of its common stock from the NASDAQ Stock Market LLC (“NASDAQ”) to the New York Stock Exchange LLC (“NYSE”). HomeTrust’s common stock is expected to commence trading on the NYSE on Monday, February 24, 2025 under a new ticker symbol, “HTB”. The Company’s common stock is expected to continue to trade on NASDAQ until the close of the market on Friday, February 21, 2025.

    “We are excited to announce our partnership with the NYSE,” said Hunter Westbrook, President and Chief Executive Officer. “In joining the world’s largest stock exchange, we believe leveraging the NYSE trading platform will provide greater exposure for our Company and long-term value for our stockholders. We look forward to celebrating this occasion and milestone for HomeTrust by ringing The Opening Bell on our first of day of trading on the NYSE.”

    “We are pleased to welcome HomeTrust Bancshares, Inc. to the New York Stock Exchange,” said Tara Dziedzic, Head of US Listings, New York Stock Exchange. “As an NYSE-listed company, HomeTrust joins our community of icons, disruptors and many of its peers, leveraging the membership value that our exchange uniquely provides.”

    About HomeTrust Bancshares, Inc.

    HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank. As of December 31, 2024, the Company had assets of $4.6 billion. The Bank, founded in 1926, is a North Carolina state chartered, community-focused financial institution committed to providing value added relationship banking with over 30 locations as well as online/mobile channels. Locations include: North Carolina (the Asheville metropolitan area, the “Piedmont” region, Charlotte, and Raleigh/Cary), South Carolina (Greenville and Charleston), East Tennessee (Kingsport/Johnson City, Knoxville, and Morristown), Southwest Virginia (Roanoke Valley) and Georgia (Greater Atlanta).

    Forward-Looking Statements

    This press release may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but instead are based on certain assumptions including statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, assumptions and statements about future economic performance and projections of financial items. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by forward-looking statements. The factors that could result in material differentiation include, but are not limited to, the impact of bank failures or adverse developments involving other banks and related negative press about the banking industry in general on investor and depositor sentiment; the remaining effects of the COVID-19 pandemic on general economic and financial market conditions and on public health, both nationally and in the Company’s market areas; natural disasters, including the effects of Hurricane Helene; expected revenues, cost savings, synergies and other benefits from merger and acquisition activities might not be realized to the extent anticipated, within the anticipated time frames, or at all, costs or difficulties relating to integration matters, including but not limited to customer and employee retention, might be greater than expected, and goodwill impairment charges might be incurred; increased competitive pressures among financial services companies; changes in the interest rate environment; changes in general economic conditions, both nationally and in our market areas; legislative and regulatory changes; and the effects of inflation, a potential recession, and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission – which are available on the Company’s website at www.htb.com and on the SEC’s website at www.sec.gov. Any of the forward-looking statements that the Company makes in this press release or in the documents the Company files with or furnishes to the SEC are based upon management’s beliefs and assumptions at the time they are made and may turn out to be wrong because of inaccurate assumptions, the factors described above or other factors that management cannot foresee. The Company does not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    www.htb.com

    The MIL Network –

  • MIL-OSI: Schellman Appoints Preeya Voss as Chief Revenue Officer

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., Feb. 11, 2025 (GLOBE NEWSWIRE) — Schellman, a leading provider of attestation and compliance services and a top 50 CPA firm, is proud to announce the appointment of Preeya Voss as its new Chief Revenue Officer. Voss brings nearly two decades of experience in SaaS and services revenue leadership, with a proven track record of driving transformative growth across diverse industries and customer segments.

    Voss has spent her entire career in GTM, spanning a variety of industries and customer segments. She joins Schellman from her most recent role as Senior Vice President of Sales at Ellucian, the global market leader in EdTech for higher education. She was responsible for the company’s enterprise cross-selling strategy, including overseeing revenue growth for both SaaS subscriptions and professional services.

    “As we double down on our investment in sales and go-to-market strategies in 2025, having the right leadership is critical,” said Avani Desai, CEO of Schellman. “Preeya brings not only a wealth of experience in driving revenue and scaling organizations but also a unique ability to inspire teams and foster lasting client relationships. Her strategic mindset and passion for innovation will help us take our growth to the next level while staying true to our core values of excellence and client service.”

    In her role as Chief Revenue Officer, Voss will oversee all revenue-generating initiatives, including client acquisition, strategic partnerships, and go-to-market strategies. Her focus will be on enhancing Schellman’s growth trajectory by aligning sales, marketing, and customer success efforts to deliver exceptional value and outcomes for clients. Based in Denver, Colorado, Voss is an advocate for mentorship and is deeply committed to empowering early-career talent and women in customer-facing roles.

    “I’m honored to join Schellman as Chief Revenue Officer during such a pivotal time in the company’s history,” said Voss. “My mission is to amplify Schellman’s legacy of excellence by driving innovation, forging deeper client partnerships, and unlocking new market opportunities. With Schellman’s unparalleled suite of services—from SOC reports to the latest AI-related assessments to expanded sustainability services—we will continue to empower our clients to build trust with their customers in an increasingly complex compliance landscape.”

    Voss’ appointment underscores Schellman’s ongoing commitment to strengthening its leadership team with exceptional top-tier talent. This announcement follows a series of strategic advances in Q4 of 2024, including receiving ISO 42001 and ISO 14001 accreditation and furthering its mission to be a leader in compliance and attestation services.

    To learn more about Schellman’s services and how they can help your organization, visit the website.

    About Schellman
    “Schellman” is the brand name under which Schellman & Company, LLC and Schellman Compliance, LLC provide professional services. Schellman stands as a leading global provider of attestation, compliance, and certification services. Operating under two distinct entities, Schellman & Company, LLC (a top 50 firm) and Schellman Compliance, LLC (a globally accredited compliance assessment firm which is not a licensed CPA firm). The services provided by the Schellman entities include acting as a CPA firm (Schellman & Company, LLC Florida license number AD62941) as a leading provider of SOC reports, an ISO Certification Body, a PCI Qualified Security Assessor Company, a HITRUST assessor, a FedRAMP 3PAO, being among the pioneering CMMC Authorized C3PAOs, as well as offering international certification services including TISAX and HDS.

    Renowned for its professionals’ expertise combined with practical experience, Schellman delivers superior client service while upholding steadfast independence. The company’s approach fosters successful, long-term relationships, enabling clients to achieve multiple compliance objectives through a single trusted third-party assessor. For further information about the services provided, please visit schellman.com.

    Contact
    V2 Communications
    schellman@v2comms.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/099b8006-8be0-4e69-91a0-788fb889fc7d

    The MIL Network –

  • MIL-OSI: Two Payden Mutual Funds Receive Five-Star Overall Morningstar Rating™

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Feb. 11, 2025 (GLOBE NEWSWIRE) — The Payden Floating Rate Fund (PYFRX) and the Payden High Income Fund (PYHRX) each received a five-star overall Morningstar rating as of January 31, 2025.

    The Floating Rate Fund’s investment objective is to seek a high level of current income through floating rate debt instruments, with a secondary objective of long-term capital appreciation. In addition, the fund received a five-star Morningstar rating for the three-, five- and ten-year periods.

    The High Income Fund invests in corporate high-yield bonds, which provide a premium to U.S. Treasury bonds. The fund generally invests in the higher-quality segment of the market and looks for companies with good growth prospects, superior and defensible products and strong management teams.

    The Payden Funds span the fixed income asset class, from short-term floating rate bonds to socially responsible municipal bonds to credit sensitive areas like high yield and emerging markets corporates. During a turbulent period for the bond market, with rising rates and increasing uncertainty about the future direction of the global economy, Payden’s process has endured even in challenging markets.

    About Payden & Rygel

    With $159 billion under management, Payden & Rygel is one of the largest privately-owned global investment advisers focused on the active management of fixed income and equity portfolios. Payden & Rygel provides a full range of investment strategies and solutions to investors around the globe, including Central Banks, Pension Funds, Insurance Companies, Private Banks, and Foundations. Independent and privately-owned, Payden is headquartered in Los Angeles and has offices in Boston, London, and Milan. Visit www.payden.com for more information about Payden’s investment offerings, including US mutual funds and Irish-domiciled funds (subject to investor eligibility).

    *Morningstar rates funds from one to five stars based on how well their risk-adjusted performance compares to similar funds. Within each Morningstar Category, the top 10% of funds receive five stars, the next 22.5% four stars, the middle 35% three stars, the next 22.5% two stars, and the bottom 10% receive one star. Funds are rated for up to three time periods—three-, five-, and 10 years—and these ratings are combined to produce an overall rating. Funds with less than three years of history are not rated. Ratings are objective, based entirely on a mathematical evaluation of past performance. They’re a useful tool for identifying funds worthy of further research, but shouldn’t be considered buy or sell recommendations. Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees). Total returns do account for the expense ratio, which includes management, administrative, 12b-1 Distribution fees, and other costs that are taken out of assets.

    © 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

    Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so investors’ shares, when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, visit our website at payden.com or call 800 572-9336.

    For more information and to obtain a prospectus or summary prospectus, visit payden.com or call 800 572-9336. Before investing, investors should carefully read and consider investment objectives, risks, charges, expenses and other important information about the Fund, which is contained in these documents.

    A Investing in high-yield securities entails certain risks from investing in investment grade securities, including higher volatility, greater credit risk, and the issues’ more speculative nature.

    B Investment in foreign securities entails certain risks from investing in domestic securities, including changes in exchange rates, political changes, differences in reporting standards, and, for emerging-market securities, higher volatility. The Payden Funds are distributed through Payden & Rygel Distributors, member FINRA.

    Sources for the material contained herein are deemed reliable but cannot be guaranteed. This material is for illustrative purposes only and does not constitute investment advice or an offer to sell or buy any security. Past performance is no guarantee of future results.

    A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b8d395c-a448-4ade-a15e-69e566acc651

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: Thrive Appoints Ben Reich as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) — Thrive, a global technology outsourcing provider for cybersecurity, Cloud, and IT managed services, today announced Ben Reich has joined the company as Chief Financial Officer. Reich will bring his strategic expertise in growing businesses organically and through acquisition as Thrive continues to experience rapid growth to meet the complex needs of the industries the company serves.

    With a proven track record of building finance, operations, and HR teams while successfully managing P&L and capital budgets, Reich brings a wealth of expertise in financial and M&A strategy to Thrive. Reich most recently held the title of Chief Financial Officer at Opti9 Tech, a leading hybrid cloud solutions provider, where he provided critical financial guidance to the executive team and stakeholders, and drove the M&A strategy by modeling potential acquisition targets, conducting due diligence, and evaluating synergies. Prior to Opti9 Tech, Reich served as Vice President, Finance at ATSG, completing the integration of four acquisitions and driving $100M in commitment from external investment groups.

    “We have grown into one of the leading global technology outsourcing firms, and to support our momentum, we need leaders who will help us execute our growth and expansion objectives,” said Bill McLaughlin, CEO of Thrive. “Ben’s proven track record and deep understanding of driving M&A strategy and business growth will be indispensable as we continue to scale to deliver the best solutions for our customers.”

    The appointment of Reich comes at an exciting time of growth for Thrive, having recently elevated Bill McLaughlin to the CEO role. The company also received a strategic investment from Berkshire Partners and Court Square Capital Partners to unlock further growth. Along with this, Thrive continues to expand geographically, most recently acquiring Michigan-based Safety Net and North Carolina-based The Longleaf Network.

    “Tapping into financial strategies that lead to business growth and bring real impact to organizations is what I’m most enthusiastic about,” said Reich. “Thrive’s growth trajectory and aggressive M&A goals are why I am here. I look forward to working with Bill and the rest of the Thrive team to start executing against them and continue to scale the company to ensure future success.”

    If you’re interested in learning more about open positions at Thrive, visit the careers page.

    About Thrive  
    Thrive delivers global technology outsourcing for cybersecurity, Cloud, networking, and other complex IT requirements. Thrive’s NextGen platform enables customers to increase business efficiencies through standardization, scalability, and automation, delivering oversized technology returns on investment (ROI). They accomplish this with advisory services, vCISO, vCIO, consulting, project implementation, solution architects, and a best-in-class subscription-based technology platform. Thrive delivers exceptional high-touch service through its POD approach of subject matter experts and global 24x7x365 SOC, NOC, and centralized services teams. Learn more at www.thrivenextgen.com or follow us on LinkedIn.  

    Contacts  
    Amanda Maguire  
    thrive@v2comms.com   

    The MIL Network –