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Category: GlobeNewswire

  • MIL-OSI: Erin Lassel Joins First American Bank as Associate General Counsel

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 06, 2025 (GLOBE NEWSWIRE) — First American Bank is proud to announce that Erin Lassel has joined the bank as Associate General Counsel. With over 10 years of experience in commercial real estate law, Erin will play a pivotal role in advancing the bank’s strategic initiatives, joining the broader Legal team that supports the bank’s diverse markets across Illinois, Florida, Wisconsin, and beyond.

    As the bank grows its presence in South Florida, Erin’s legal expertise will be instrumental in addressing complex challenges and ensuring the bank’s operations align with the evolving needs of its regional, national, and global customer base.

    “Joining First American Bank is an exciting opportunity to contribute to the bank’s commitment to excellence and customer-focused solutions,” said Erin Lassel, Associate General Counsel. “I look forward to leveraging my legal expertise to help shape the future of the bank, support its growth, and champion the delivery of innovative financial services to our customers.”

    Christine Childers, Deputy General Counsel at First American Bank, added, “Erin’s extensive experience in commercial real estate law and her leadership skills make her a strong fit for our team. Her expertise will be invaluable as we expand our South Florida operations and strengthen our market position.”

    Before joining First American Bank, Erin was a partner at Katz Barron in Coral Gables and Fort Lauderdale, where she represented clients across Florida in real estate and business transactions. She earned her Juris Doctor (J.D.) magna cum laude from Florida International University, ranking in the top 10% of her class, and served as Executive Symposium Editor for the Florida International University Law Review. Erin also holds a B.A. in Accounting, summa cum laude, from the University of Miami.

    “We are pleased to welcome Erin to the team,” said Brian Hagan, Florida Market President at First American Bank. “Her distinguished legal background, combined with her leadership and knowledge of the South Florida market, makes her an invaluable addition as we continue to expand our footprint in the region and build on our reputation for excellence.”

    First American Bank is a Member FDIC.

    Contact:
    Teresa Lee 
    305-631-6400 
    tlee@firstambank.com

    The MIL Network –

  • MIL-OSI: Backbase and Feedzai Partnership Integrates Financial Crime Prevention into Backbase Platform

    Source: GlobeNewswire (MIL-OSI)

    SAN MATEO, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) — Backbase, a provider of engagement banking solutions, announces a strategic partnership with Feedzai, a company providing AI-native fraud prevention solutions, aiming to support financial institutions in addressing digital fraud while maintaining operational efficiency in customer interactions. The collaboration integrates Feedzai’s Digital Trust solutions with Backbase’s Engagement Banking Platform, offering financial institutions tools designed to enhance fraud prevention, support secure banking environments, and optimize digital customer experiences.

    “By combining Backbase’s engagement banking expertise with Feedzai’s advanced security capabilities, we’re giving financial institutions the complete package – superior customer experience and intelligent fraud prevention in one integrated platform,” said Jouk Pleiter CEO & Founder at Backbase. “Together, we’re setting a new standard for how banks can build trusted digital relationships with their customers.”

    The partnership offers financial institutions the following benefits:

    • Proactive fraud prevention with real-time AI-powered behavioral analysis across all digital channels.
    • Operational efficiency with AI-powered risk assessment designed to reduce false positives and associated costs.
    • Seamless integration with the Backbase Engagement Banking Platform and its suite of products, providing direct access to Feedzai’s security capabilities.

    The integration of Feedzai’s Digital Trust platform—which monitors user behavior, device integrity, and potential threats in real time—with Backbase’s Engagement Banking Platform aims to support secure and efficient digital banking experiences. Backbase facilitates customer interactions, while Feedzai’s security framework operates in the background to help safeguard digital transactions without disrupting the user experience.

    “As the financial services industry evolves, security can no longer be an afterthought — it must be woven into the very fabric of the customer experience,” said Nuno Sebastiao, CEO and Co-Founder at Feedzai. “By partnering with Backbase, we’re empowering financial institutions to deliver a unified, seamless journey that not only protects customers from fraud, but also ensures they feel valued, understood, and safe.”

    About Feedzai
    Feedzai provides an end-to-end financial crime prevention platform, utilizing AI-driven solutions to support the detection and prevention of fraud and financial crime. Financial institutions use Feedzai’s technology to manage risk and compliance processes, with the platform designed to help safeguard transactions while supporting customer privacy and experience. For more information, users can visit feedzai.com.

    About Backbase
    Backbase provides the Engagement Banking Platform, a composable solution designed to support banks in their digital transformation efforts by modernizing key customer journeys. The platform helps streamline processes across onboarding, servicing, lending, and investing, aiming to enhance both customer and employee experiences. It is pre-integrated with core banking systems and fintech solutions to support scalability and operational efficiency.

    Industry analysts Forrester, Gartner, Celent, Omdia and IDC continuously recognize Backbase’s for its role in the engagement banking sector. The Backbase Engagement Banking Platform is used by over 150 financial institutions worldwide — including AIB, Banorte, Barclays, BIAT, Bank of the Philippine Islands, BDO, BNP Paribas, Banque Saudi Fransi, BRD, Citibank, Discovery Bank, First National Bank, HDFC, Ila Bank, KeyBank, Lloyds Banking Group, NatWest, Navy Federal Credit Union, OTP Group, PostFinance, Raiffeisen, Standard Bank, Saudi National Bank, Société Générale, Truist, and TPBank. 

    Backbase is a private fintech company, founded in 2003 in Amsterdam (Global HQ), with regional offices in Atlanta (Americas HQ), Cardiff, Dubai, Hyderabad, Kraków, London, Mexico City, Singapore (Asia HQ), Sydney, and Toronto. Users can visit www.backbase.com for more.

    Contacts

    Austin Hyslip
    Feedzai
    austin.hyslip@feedzai.com
    Alex Papaioannou
    Backbase
    press-relations@backbase.com

    The MIL Network –

  • MIL-OSI: Digital Assets Backoffice Tech Company Formidium Launches CryptoTax360 For Tax Data Calculations and Forms

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 06, 2025 (GLOBE NEWSWIRE) — A pioneer in accounting and tax reporting solutions for digital assets, Formidium Corp, based in Chicago, Illinois has launched its portal CryptoTax360.io. It’s an extensive platform designed to simplify digital asset and cryptocurrency tax reporting. With its powerful automated tools, seamless integrations, and robust reporting, CryptoTax360.io makes capital gain/loss calculations and tax forms preparation quick and effortless for crypto traders, enthusiasts, and industry professionals.

    Crypto tax reporting has long been a headache for investors and traders, largely due to the complexity of digital asset transactions. From navigating multiple wallets and exchanges to calculating capital gains and losses across varied transaction types—staking, margin trading, and DeFi activities—the process can be overwhelming. Adding to the challenge, tax reporting requirements leave no room for error. Manual reporting increases the risk of mistakes, consumes hours of effort, and leaves users frustrated, especially during tax season.

    CryptoTax360.io steps in to streamline this process. Designed with simplicity and comprehensive coverage in mind, the platform eliminates the tedious aspects of crypto tax reporting through automated tools and seamless integrations. Users can consolidate data across exchanges, wallets, and DeFi protocols effortlessly. The platform offers capital gain/loss calculations using multiple methods like FIFO, LIFO, HIFO, and more.

    CryptoTax360.io offers an instant generation of forms like Schedule D and Form 8949, streamlining the tax preparation process. Its robust dashboard provides insights into portfolio performance, helping users stay organized without stress.

    “Crypto tax reporting has always been a daunting task due to the complexity of digital asset transactions’ bookkeeping, financial reporting and tax reporting. Managing multiple wallets, exchanges, and varied transaction types, can feel overwhelming. Our goal with CryptoTax360 is to eliminate this frustration by providing a seamless and effortless reporting solution for everyone.” said Nitin Somani, Co-Founder of Formidium.

    Crypto Tax Reporting with CryptoTax360 in 3 Easy Steps:

    1️. Effortless Trade Imports – Seamlessly connect wallets and exchanges via API, public addresses, or by uploading files directly.

    2️. Comprehensive Portfolio Insights – Review auto-synced transactions, dashboards, and gain and loss breakdowns for complete transparency.

    3️. Quick Report Generation – Instantly generate and export tax-filing-ready reports in PDF or Excel formats, making tax preparation smooth and stress-free.

    About CryptoTax360.io

    Cryptotax360.io is a technology platform developed by Formidium Corp, provides a 360-degree view of cryptocurrency trades, transactions, tax and portfolio reporting. Whether you’re an individual investor, professional trader, or CPA, CryptoTax360.io provides seamless integrations, automated tax data calculations, and portfolio reporting. CryptoTax360 transforms tax season into a stress-free experience. Visit www.cryptotax360.io for more information and to sign up.

    About Formidium

    Formidium is a pioneer in digital assets accounting and tax reporting. Since 2016, the firm has built a global presence with offices in the U.S., India, Canada, and Singapore, supporting over 600 client relationships. It’s cloud-native, scalable SaaS platform enables automated workflows, real-time data access, and modular capabilities for seamless growth.

    Media Contact

    Krishna Priya Gupta
    info@cryptotax360.io

    The MIL Network –

  • MIL-OSI: Equasens: 2024 annual revenue

    Source: GlobeNewswire (MIL-OSI)

    Villers-lès-Nancy, 6 February 2025 – 6:00 p.m. (CET)

    PRESS RELEASE

    2024 annual revenue: €216.8 million including €58.6 million in Q4 (+2.6% on a reported basis and -0.4% like-for-like)

    Revenue (€&) 2023
    Reported basis    		 2024
    Reported basis    		 Change /
    Reported basis    		 Of which external growth Of which Ségur1 2024

    Of which Ségur 2023

    		 Like-for-like change
    (organic growth)
    Q1 56.2 53.3 -2.9 -5.2% 2.0 0.3 -1.4 -3.8 -6.7%
    Q2 56.4 54.7 -1.7 -3.0% 1.7 0.3 -1.2 -2.6 -4.6%
    Q3 50.1 50.2 0.1 0.3% 1.8 0.2 -0.3 -1.5 -3.0%
    Q4 57.0 58.6 1.5 2.6% 1.7 0.2 -0.3 -0.2 -0.4%
    Total 219.7 216.8(*) -3.0 -1.4% 7.2 1.1 -3.2 -8.2 -3.7%

    (*)unaudited

    Note: Acquisitions in 2023 and 2024 (Atoopharm, Speach2Sense, Pratilog, ADV in Germany – now Pharmagest Germany) and Digipharmacie) have been restated in the scope of consolidation.
    Maintaining a strategy of external growth, in December 2024 Equasens Group acquired 90% of the capital of Calimed SAS, a software publisher for private practitioners and surgeons (with no consolidated revenue in Q4 2024).

    Equasens Group, (Euronext Paris™ – Compartment B – FR 0012882389 -EQS), a leading provider of digital solutions for healthcare professionals, reported full-year revenue for the 12-month period ending 31 December 2024 of €216.8m, contracting 1.4% on a reported basis. Like-for-like (organic growth), i.e. excluding the effects of acquisitions and the impact of the Ségur digital healthcare investment programme, revenue decreased by 3.7%.

    Annual revenue at 12/31/24 / Division (€m) 2023
    Reported basis    		 2024
    Reported basis    		 Change /
    Reported basis    		 Of which external growth Of which Ségur 2024

    Of which Ségur 2023

    		 Like-for-like change
    (organic growth)
    Pharmagest 162.7 163.5 0.8 0.5% 7.1 0.5 -1.5 -5.3 -3.3%
    Axigate Link 31.1 32.1 1.0 3.2%   0.3  -1.0 1.7 5.5%
    e-Connect 15.0 11.2 -3.8 -25.3%       -3.8 -25.3%
    Medical Solutions 8.9 7.9 -1.0 -10.9% 0.1 0.3 -0.7 -0.7 -8.1%
    Fintech 2.0 2.0 0.0 -2.1%       0.0 -2.1%
    Total 219.7 216.8 -3.0 -1.4% 7.2 1.1 -3.2 -8.2 -3.7%

    No businesses were transferred between Divisions in FY 2024.

    FY revenue for the 12 month period ending 31 December 2024 / Activities (€m) 2023
    Reported basis    		 2024
    Reported basis    		 Change / Reported basis
    Sale of configurations and hardware 93.5 86.1 -7.4 -7.9%
    Scalable maintenance and professional training services 78.1 81.0 2.8 3.6%
    Software solutions and subscriptions 45.4 46.8 1.4 3.0%
    Other services (including intermediation) 2.7 2.9 0.2 7.9%
    Total 219.7 216.8 -3.0 -1.4%

    In Q4 2024 alone, Equasens Group registered sales of €58.6m, up 2.6% on a reported basis at 31 December 2023 (-0.4% like-for-like).

    Q4 2024 revenue / Division (€m) 2023
    Reported basis    		 2024
    Reported basis    		 Change /
    Reported basis    		 Of which external growth Of which Ségur 2024

    Of which Ségur 2023

    		 Like-for-like change
    (organic growth)
    Pharmagest 42.2 43.4 1.2 2.9% 1.7 0.1 -0.2 -0.5 -1.1%
    Axigate Link 8.9 9.5 0.7 7.6%   0.1 -0.1 0.7 7.7%
    e-Connect 3.3 2.9 -0.3 -10.1%       -0.3 -10.1%
    Medical Solutions 2.2 2.2 0.0 -0.9%   0.1 -0.1 0.0 -2.1%
    Fintech 0.6 0.5 -0.1 -11.6%       -0.1 -11.6%
    Total 57.1 58.6 1.5 2.6% 1.7 0.3 -0.4 -0.2 -0.4%
    Q4 2024 revenue highlights by type of business 2023
    Reported basis    		 2024
    Reported basis    		 Change / Reported basis
    Sale of configurations and hardware 23.2 23.5 0.1 0.4%
    Scalable maintenance and professional training services 19.8 20.4 0.6 3.1%
    Software solutions and subscriptions 13.2 13.8 0.5 4.1%
    Other services (including intermediation) 0.8 1.0 0.2 27.5%
    Total 57.1 58.6 1.5 2.6%
    • In a year marked by political instability, particularly in France, configuration and equipment sales were again heavily impacted on a full-year basis (-7.9%). The recovery initially anticipated in Q3 got off to a slower than expected start with marginal growth in Q4 (+0.4%).
    • Scalable maintenance services and business training continued to display positive momentum with stable growth (+3.1 % in Q4 2024 and +3.6% for the full year).
    • Software solutions and subscriptions performed particularly well in H2 after declining in the first half (reflecting the base effect from Ségur) to achieve 3% growth for the full year.
    • The PHARMAGEST Division recorded annual sales of €163.5m (+0.5%) for the year ended 31 December 2024 on a reported basis, including €7.1m of restated sales arising from acquisitions in 2023 and 2024. On a like-for-like basis, sales for the division declined 3.3% for the full year.

    In Q4 2024, the Division grew 2.9% to €43.4m on a reported basis compared with Q4 2023, including €1.7m in restated sales linked to acquisitions in Q4 2023 and 2024. Like-for-like, the division’s sales declined 1.1% in the last quarter.

    • The Division’s strategy of innovation and bringing new software, hardware and services to market has strengthened its value proposition in terms of pharmacy productivity and automation solutions starting in the third quarter, with, for example, the id.Express payment terminal deployed in France, Germany and Belgium, the new id.Genius module integrating AI into dispensing, and id.Assistance, a new service facilitating the use and adoption of the id. offering on a day-to-day basis.
    • Based on these advances, the Pharmacy business now has a differentiating offering capable of generating revenue from its customer base (€2m at 31/12/2024) and contributing to growth in market share with more than 500 new customers in France and Italy (+€3.5m at 31/12/2024).
    • Digipharmacie, a provider of digital accounts payable management solutions for pharmacies, recently approved as a partner of the French e-reporting platform (Plateforme de Dématérialisation Partenaire or PDP), recorded annual growth of 27%.
    • The shift of the Division to SaaS offering culminated in the launch in September 2024 of the ASCA Dynamics solution, a cloud based version of the electronic label management software developed by Equasens Group. Nearly 250 of the 500 pharmacies added to ASCA’s customer base in 2024 are already equipped with this solution.

    This Division accounts for 75.4% of total revenue.

    • The AXIGATE LINK division registered €32.1m in revenue for the 12 month period ended 31 December 2024 (+3.2% on a reported basis and +5.5% like-for-like). In Q4 2024, the Division grew 7.6% to €9.5m on a reported basis compared with the same period in 2023. Like-for-like, the division’s revenue grew 7.7% in the last quarter.
      • The nursing home sector, which accounts for 53% of the Division’s revenues, experienced a strong growth in 2024, with the addition of 104 new establishments (excluding the UK), bringing its installed base to a total of 3,400 sites. The Titanlink SaaS offering was a resounding success, more than 600 sites equipped out of a total of 2,500 in France and 90 in Belgium out of a total of 932.
      • The Homecare sector also delivered a very solid performance, with a net gain of 20 customers, including 5 Hospital-at-Home programmes. In addition, the sector started rolling out the first version of a software package for regional elderly and disabled homecare centres (Centres de Ressources Territoriales or CRTs) to coordinate patient care. This activity accounts for 22% of the Division’s revenue.
      • The Hospital sector, 12% of the Division’s revenue, grew 4.1% in 2024 compared with 2023 with a net increase of 7 facilities, including 3 major psychiatric establishments. A portion of these orders signed in 2024 will be implemented and recognised in revenue for 2025.
      • The PandaLab Pro secure messaging system recently passed the milestone of 50,000 independent users or private organisations and 360,000 messages sent per month. 2024 experienced a growth in the number of use cases, particularly in teleconsultation, remote assistance and outpatient prescriptions, with the latter reaching 85,000 prescriptions exchanged in December 2024 alone.

    This Division accounts for 14.8% of total revenue.

    • The E-CONNECT division had revenue of €11.2m for the year ended 31 December 2024 (down 25.3% on a reported basis). Revenue in Q4 2024 was down 10.1% in relation to the same quarter in 2024 to €2.9m, representing a decline significantly less than in previous quarters.
      • Despite challenging market conditions, 2024 remained a year of investment, following an exceptional period in 2023 which benefited from a one-off regulatory development (the discontinuation of Application Reader Terminal sales).
      • In Q4 2024, Kapelse’s eS-KAP+ mobility solution was authorised for all prescribing healthcare professionals, midwives and health centres. This latest certification completes the “auxiliary health practitioners” approval obtained in 2024 and extends the number of partner software publishers who are starting to integrate eS-KAP+ into their business applications.
      • Sales of KAP-eCV (the electronic French health insurance card reader) got off to a promising start, with several thousand readers sold in Q4.
      • In November 2024, the new NOVIAcare offering (entailing a switch to modular sales) met with considerable success when it was unveiled at the Silver Economy Expo international exhibition in Cannes, confirming the potential of the first scalable and modular telecare solution on the market.

            This Division accounts for 5.2% of total revenue.

    • The MEDICAL SOLUTIONS Division recorded revenue of €2.2m in Q4 2024, down slightly (-0.9%) on Q4 2023. Reflecting the diminishing impact of the base effect from the Segur digital healthcare investment programme, the decline for the full year was limited to -10.9% to €7.9m, compared with -19.1% in H1 2024.
      • The launch of LOQUii, the AI voice consultation assistant, in November 2024, provides further confirmation of the recovery. By adopting a “Try Before You Buy” formula, more than 500 doctors used the solution in Q4, highlighting the potential for significant growth from Q1 2025 onwards, once the initial trial period is over.
      • At the same time, the roll-out of the MS.Safe online backup solution that combines safety and ease of use attracted around 50 users in less than two months.

    The Division accounts for 3.6% of total revenue.

    • The FINTECH Division  recorded revenue of €0.5m (-11.6%) in Q4 2024, and €2.0m for the full year (-2.1% compared with 2023).
      • The new Dispay digital bankcard payment service now integrated into the medical software solution of healthcare professionals resulted in subscriptions by 80 customers in Q4 and the Division remains confident that it will generate additional revenues as its customer base expands.

    The Division accounts for 1.0% of total revenue.

    2025 outlook
    Based on the encouraging indicators for Q4 2024, the Group is looking ahead to 2025 with confidence. Positive momentum is expected for the first half of the year, benefiting notably by a favourable base effect at the start of the year. A significant acceleration is expected in the second half with nominal growth of nearly 10%, driven by the capital expenditures and the roll-out of new solutions (software, hardware and services).

    In this context, Equasens Group is in the process of implementing a major strategic transformation to SaaS (Software as a Service) business model. This transition entails the gradual migration from solutions hosted at healthcare professionals’ premises to solutions hosted in the Group’s data centers which are certified Health Data Hosting (HDS) and ISO 27001. The new add-on modules are now developed almost exclusively for SaaS solutions which will increase the proportion of recurring revenues. This transformation is driven by a robust cloud infrastructure and customised support to assist our customers with their digital transition.

    At the same time, the Group is continuing to invest in Artificial Intelligence and accelerating its integration into its business tools to enhance its range of decision-making tools. This development brings real added value to healthcare professionals by making the prescription process more secure, providing personalised patient support and optimized time management.

    Backed by a solid financial structure, the Group will continue to monitor potential opportunities for external growth.

    This guidance does not take into account the potential effect of cyclical or macro-economic events that could have a direct or indirect impact on the healthcare sector.

    Financial calendar:

    • FY 2024 results: 29 March 2025
    • Presentation of 2024 annual results (SFAF): 31 March 2025, Paris
    • Q1 2025 revenue: 12 May 2025
    • Annual General Meeting: 26 June 2025
    • Q2 2025 revenue: 31 July 2025
    • H1 2025 results: 26 September 2025
    • Presentation of H1 2025 results to analysts (SFAF): 29 September 2025
    • Q3 2025 revenue: 5 November 2025
    • FY 2025 revenue: 5 February 2026

    About Group Equasens

    Founded over 35 years ago, Equasens Group, a leader in digital healthcare solutions, today employs over 1,300 people across Europe.
    Equasens Group’s specialised business applications facilitate the day-to-day work of healthcare professionals and their teams, working in private practice, collaborative medical structures or healthcare establishments. The Group also provides comprehensive support to healthcare professionals in the transformation of their profession by developing electronic equipment, digital solutions and healthcare robotics, as well as data hosting, financing and training adapted to their specific needs.
    And reflecting the spirit of its tagline “Technology for a More Human Experience”, the Group is a leading provider of interoperability solutions that improve coordination between healthcare professionals, their communications and data exchange resulting in better patient care and a more efficient and secure healthcare system.

    Listed on Euronext Paris™ – Compartment B

    Indexes: MSCI GLOBAL SMALL CAP – GAÏA Index 2020 – CAC®SMALL and CAC®All-Tradable
    Included in the Euronext Tech Leaders segment and the European Rising Tech label

    Eligible for the Deferred Settlement Service (“Service à Réglement Différé” – SRD) and equity savings accounts invested in small and mid caps (PEA-PME).
    ISIN: FR 0012882389 – Ticker Code: EQS

    Get all the news about Equasens Group www.equasens.com and on LinkedIn

    CONTACTS

    EQUASENS Group
    Analyst and Investor Relations:
    Chief Administrative and Financial Officer: Frédérique Schmidt
    Tel: +33 (0)3 83 15 90 67 – frederique.schmidt@equasens.com

    Financial communications agency:
    FIN’EXTENSO – Isabelle Aprile

    Tel.: +33 (0)6 17 38 61 78 – i.aprile@finextenso.fr

    Forward-looking statements
    This press release contains forward-looking statements that are not guarantees of future performance and are based on current opinions, forecasts and assumptions, including, but not limited to, assumptions about Equasens’ current and future strategy and the environment in which Equasens operates. These involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements, or industry results or other events, to materially differ from those expressed in or implied by such forward-looking statements. These risks and uncertainties include those detailed in Chapter 3 “Risk factors” of the Universal Registration Document filed with the French financial market authority (Autorité des Marchés Financiers or AMF) on April 29, 2024 under number D.24-0366. These forward-looking statements are valid only as of the date of this press release.

    1 An investment programme rolled out by the French government to support the national strategy for eHealth acceleration.

    Attachment

    The MIL Network –

  • MIL-OSI: Information Relating to the Total Number of Voting Rights and Shares Forming the Share Capital

    Source: GlobeNewswire (MIL-OSI)

    In Bernin, on Februay 6, 2025

    INFORMATION RELATING TO THE TOTAL NUMBER
    OF VOTING RIGHTS AND SHARES
    FORMING THE SHARE CAPITAL

    (Article L. 233-8 II of the French Commercial Code and article 223-16 of the General Regulation of the French financial markets authority (AMF))

    Corporate name and address of the company: SOITEC
    Parc Technologique des Fontaines – Chemin des Franques
    38190 Bernin (FRANCE)

    Statement date Total number of shares forming the share capital Total number of voting rights
    01/31/2025 35,726,462(1) Number of theoretical (gross) voting rights (2): 45,642,048
    Number of exercisable (net) voting rights (3): 45,585,990
    1. 35,726,462 ordinary shares of €2.00 par value each, listed on the Euronext Paris regulated market under ISIN code FR0013227113 and the mnemonic “SOI”.
    1. The total number of theoretical voting rights (or “gross” voting rights) is used as the basis for calculating the crossing of shareholding thresholds. In accordance with article 223-11 of the General Regulation of the French Financial Markets Authority (Autorité des Marchés Financiers – AMF), this number is calculated on the basis of all shares to which single or double voting rights are attached, including shares without voting rights (for example, treasury shares, liquidity contract, etc.).
    1. The total number of exercisable voting rights (or “net” voting rights) is calculated after taking into account the number of shares entitled to double voting rights, and after deduction of the shares without voting rights (for example, treasury shares, liquidity contract, etc.).

    #  #  #

    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 1 billion Euros in fiscal year 2023-2024. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of its 2,300 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,000 patents.
    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information visit our Website and follow us on LinkedIn and X 

    #  #  #

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    The MIL Network –

  • MIL-OSI: UPDATE: WTW debuts new Insurance Pricing and Underwriting Technology to accelerate speed to market in Guidewire PolicyCenter

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) — WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, announced the latest advancement in its Radar rating and analytics engine with the launch of its Rating, Pricing, and Underwriting acceleratori for Guidewire.

    Radar, WTW’s external rating engine, is an end-to-end solution designed specifically for the insurance sector. It provides cutting-edge analytics and decision-making for pricing and underwriting, deployed to the market in real time. Radar’s new Guidewire accelerator will streamline the integration of Radar with PolicyCenter, Guidewire’s policy administration system, allowing carriers to realize the benefits of Radar faster. The accelerator uses a highly innovative approach that draws Guidewire product definitions directly into Radar’s pricing environment, massively expediting the integration process.

    Customers’ demand for more innovative insurance solutions has increased significantly in recent years. Pricing and underwriting teams have been pushed to the limit by the need to provide new products in a competitive market while balancing regulatory requirements for rating accuracy, transparency, and fairness. Radar is a proven solution that delivers success for insurers and their customers in this challenging environment.

    Gio Smyth, Managing Director and Americas Regional Leader, Insurance Consulting and Technology, WTW, said: “WTW’s integration between Guidewire PolicyCenter and our Radar technology will enhance the operational efficiency of our shared clients by reducing implementation time and cost, enabling them to maximize the benefits of Radar. The injection of game-changing speed and accuracy into the pricing process makes it possible to update market prices in minutes rather than days, weeks, or months, giving insurers a competitive edge.”

    Will Murphy, Vice President, Global Technology Alliances, Guidewire, said: “With the launch of the Radar Accelerator from WTW, our shared customers can now quickly leverage a valuable rating solution that enables insurers to realize quicker and more accurate underwriting and pricing performance.”

    About Radar

    Smarter insights. Better results. Delivered faster.

    Radar is a complete, end-to-end analytics and model deployment solution. It was built specifically for insurers by insurance experts and continually enhanced through ongoing investment, development, and innovation.

    Radar delivers proprietary machine learning algorithms, real-time decision-making, regulatory reporting, speed, and ease of deployment.

    Radar is part of WTW’s Insurance Consulting and Technology business, which serves the insurance industry with a powerful combination of advisory services and leading-edge technology. Its mission is to innovate and transform insurance and deliver solutions that help clients better select, finance, and manage risk and capital.

    We work with clients of all sizes globally, including most of the world’s leading insurance groups. Over 1,000 client companies use our specialist insurance software on six continents. With over 1,700 colleagues in 35 markets, we continually strive to be a partner and employer of choice to the insurance industry.

    About Insurance Consulting and Technology (ICT)

    WTW’s Insurance Consulting and Technology (ICT) business has over 1,200 colleagues operating and capital, improve business performance, and create competitive advantage – by focusing on financial and regulatory reporting, enterprise risk and capital management, M&A and corporate restructuring, products, pricing, business management, and strategy.in 35 markets worldwide. ICT is a leading provider of advice, solutions, and software – primarily to the insurance industry. Its consulting services help clients manage risk

    About WTW

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

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

    Learn more at wtwco.com.

    Media Contact

    Douglas Menelly +1 516 445 5387 | douglas.menelly@wtwco.com

    _______________
    i https://marketplace.guidewire.com/s/product/radar-accelerator-for-rating-and-pricing-for-policycenter/01t3n00000SqGjIAAV?language=en_US

    The MIL Network –

  • MIL-OSI: Toobit Named Best New Cryptocurrency Exchange at 2025 WeMoney Cryptocurrency Awards

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands , Feb. 06, 2025 (GLOBE NEWSWIRE) — Global digital asset trading platform Toobit today received awards in two categories at the 2025 WeMoney Cryptocurrency Awards. In a hotly-contested year, the exchange was able to clinch the titles of Best New Cryptocurrency Exchange and Best for Derivatives.

    The annual WeMoney Cryptocurrency Awards recognise cryptocurrency platforms, exchanges, and innovators in the Australian market that offer exceptional value, asset availability, and market-leading features.

    “We are deeply honoured to be recognised by the Awards this year,” said Mike Williams, Chief Communication Officer of Toobit. “In a deeply-saturated crypto market, we are thrilled to have made such an impact. These two titles are a testament to our continued commitment towards ease-of-use, security, and innovation.”

    As described in WeMoney’s rigorous methodology, Toobit was able to secure the title of Best New Cryptocurrency Exchange through demonstrated success in international markets. Judging criteria also factors in how effective the exchange was in setting in place new industry benchmarks for Australian investors.

    For Best for Derivatives, Toobit came out on top after being evaluated on its range of assets, feature complexity, margin trading options, risk management measures, as well as its affordability and fees.

    To confirm Toobit’s win in both categories, a dedicated team of WeMoney specialists conducted a thorough and meticulous evaluation process, carefully analyzing each applicant based on customer satisfaction, platform features, and adherence to industry benchmarks.

    The process began with a comprehensive self-assessment questionnaire designed to highlight both strengths and weaknesses, followed by extensive research and detailed analysis of each platform’s overall performance.

    To learn more about the WeMoney Cryptocurrency Awards 2025, visit their website at https://www.wemoney.com.au/wemoney-crypto-awards-2025-winners

    About Toobit

    Toobit is a global crypto exchange dedicated to providing fair and transparent trading experiences. With ample liquidity and market depth, Toobit ensures efficient and secure transactions for traders worldwide and is committed to providing a secure and user-friendly environment for trading a diverse range of digital assets.

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

    Contact: Davin C.

    Email: market@toobit.com

    Website: www.toobit.com

    Disclaimer: This content is provided by Toobit. The statements, views and opinions expressed in this 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/66e53ecc-98d5-4339-bf73-c4a1daa1fcaf

    The MIL Network –

  • MIL-OSI: Result of AGM

    Source: GlobeNewswire (MIL-OSI)

    6 February 2025

    HARGREAVE HALE AIM VCT PLC
    (the “Company”)

    Result of 2025 Annual General Meeting

    Hargreave Hale AIM VCT plc, announces that at the Company’s 2025 Annual General Meeting held at 12:30pm on Thursday 6 February 2025, all resolutions were passed by way of a poll and the results of the poll, including the proxy votes received, are set out below.

    Resolutions 1 to 12 (inclusive) were proposed as ordinary resolutions and resolutions 13 and 14 (inclusive) were proposed as special resolutions.

    As previously announced, Angela Henderson, Independent Non-Executive Director, did not seek-re-election at the AGM and accordingly resigned from the Company on 6 February 2025.

    In accordance with UK Listing Rule 6.4.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    Resolution Votes For* % Votes Against % Total votes validly cast Total votes cast as % of issued share capital Votes Withheld**
    01 Receive annual accounts for period ended 30 September 2024 15,267,328 99.46 82,798 0.54 15,350,126 4.19% 110,499
    02 Approve directors’ remuneration report 13,778,201 90.28 1,483,475 9.72 15,261,676 4.17% 198,949
    03 Approve the remuneration policy 13,693,713 90.05 1,513,769 9.95 15,207,482 4.15% 253,143
    04 Reappoint BDO LLP as auditors 15,004,735 98.39 245,840 1.61 15,250,575 4.17% 210,050
    05 Re-elect David Brock as a director 13,086,237 86.15 2,104,276 13.85 15,190,513 4.15% 270,112
    06 Re-elect Oliver Bedford as a director 13,092,485 86.23 2,091,241 13.77 15,183,726 4.15% 276,899
    07 Re-elect Justin Ward as a director 14,491,468 96.11 587,178 3.89 15,078,646 4.12% 381,979
    08 Re-elect Megan McCracken as a director 14,356,920 94.39 853,809 5.61 15,210,729 4.16% 249,896
    9 Re-elect Busola Sodeinde as a director 14,365,124 94.58 823,894 5.42 15,189,018 4.15% 271,607
    10 To approve the final dividend 15,320,714 99.75 39,092 0.25 15,359,806 4.20% 100,819
    11 To authorise the directors to offer a scrip dividend alternative 14,942,049 98.37 248,261 1.63 15,190,310 4.15% 270,315
    12 To authorise the directors to allot Ordinary shares 14,685,856 96.62 513,749 3.38 15,199,605 4.15% 261,020
    13 To authorise the directors to allot equity securities for cash 12,125,476 81.07 2,831,033 18.93 14,956,509 4.09% 504,116
    14 To allow the Company to make market purchases of its own shares 14,971,554 97.66 358,878 2.34 15,330,432 4.19% 130,193

    * Includes discretionary votes

    ** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

    Notes:

    As at close of business on 5 February 2025, the Company’s issued share capital comprised 365,665,633 Ordinary Shares and the total number of voting rights in the Company were 365,665,633 shares.

    END

    For further information, please contact:

    JTC (UK) Limited
    Uloma Adighibe
    Alexandria Tivey    		 HHV.CoSec@jtcgroup.com
    +44 203 892 3877
    +44 203 832 3891

    LEI: 213800LRYA19A69SIT31        

    The MIL Network –

  • MIL-OSI: Plutus Financial Group Limited Announces Closing of Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, Feb. 06, 2025 (GLOBE NEWSWIRE) — Plutus Financial Group Limited (“the “Company”) (NasdaqCM: PLUT), a Hong Kong-based financial services company, today announced the closing of its initial public offering (the “Offering”) of 2,100,000 ordinary shares at a public offering price of $4 per ordinary share, for total gross proceeds of $8.4 million, before deducting underwriting discounts and offering expenses. The Offering was conducted on a firm commitment basis. The ordinary shares began trading on Nasdaq Capital Market under the ticker symbol “PLUT” on February 5, 2025.

    The Company has granted the underwriter an option, exercisable within 45 days from the date of the underwriting agreement, to purchase up to an additional 315,000 ordinary shares at the public offering price, less underwriting discounts and expenses.

    R.F. Lafferty & Co., Inc. acted as lead underwriter for the Offering, with Revere Securities LLC acting as co-underwriter. The Crone Law Group, P.C. served as counsel to the Company. Sichenzia Ross Ference Carmel LLP served as lead counsel to the underwriters with respect to the Offering.

    A registration statement on Form F-1, as amended (File No. 333-276791) relating to the Offering was previously filed with the Securities and Exchange Commission (the “SEC”) by the Company and subsequently declared effective by the SEC on February 4, 2025. The Offering was made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering was filed with the SEC and is available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus relating to the Offering may be obtained from R.F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005, or by telephone at (212) 293-9090.

    Before you invest in the Company, you should read the final prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Plutus Financial Group Limited

    Plutus Financial Group Limited is a Hong Kong-based financial services holding company operating through two wholly-owned primary subsidiaries – Plutus Securities Limited (“Plutus Securities”) and Plutus Asset Management Limited (“Plutus Asset Management”). Plutus Securities, a securities broker licensed by the Securities and Futures Commission of Hong Kong (the “SFC”) and a Participant on the HKEx stock exchange in Hong Kong, provides quality securities dealing and brokerage, margin financing, securities custody, and nominee services. As a licensed securities broker, Plutus Securities provides a range of financial services, including:

    • Hong Kong stock trading through the internet, mobile app, and customer phone hotline
    • Margin financing;
    • Securities custody and nominee services; providing secure and reliable clearing and settlement procedures;
    • Access to debt capital markets; and
    • Equity capital markets for issuers, offer underwriting for IPO and other equity placements, and marketing, distribution and pricing of lead-managed and co-managed offerings.

    Plutus Asset Management, a wealth management and advisory firm licensed by the SFC, provides wealth management services including:

    • Professional funds management;
    • Discretionary accounts with strategies developed for customers based on individual risk tolerance and investment preferences;
    • Investment consulting and advisory services for funds managed by other companies; and
    • Investment funds, including a real estate fund, a fixed income fund, a private equity investment, and a hedge fund.

    For more information, visit the Company’s website at http://www.plutusfingroup.com./en/index.php.

    Forward-Looking Statements

    All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

    For more information, please contact:

    Investor Relations:
    Plutus Financial Group Limited
    Attn: Jeff Yeung
    ir@plutusfingroup.com

    The MIL Network –

  • MIL-OSI: QXO Urges Beacon Roofing Supply to Let Shareholders Decide on Premium All Cash Offer of $124.25 per Share

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Feb. 06, 2025 (GLOBE NEWSWIRE) — QXO, Inc. (NYSE: QXO) today issued the following statement in response to the announcement by Beacon Roofing Supply, Inc. (Nasdaq: BECN) that its Board of Directors has rejected QXO’s all-cash $124.25 per share offer.

    On January 27, 2025, QXO commenced a tender offer to purchase all outstanding shares of Beacon for $124.25 per share in cash, for an aggregate enterprise value of approximately $11 billion, representing a 37% premium to Beacon’s 90-day unaffected volume-weighted average price of $91.02 per share as of November 15, 2024. QXO’s offer price is also higher than Beacon’s shares have ever traded. Beacon’s Board offers no basis for its assertion that QXO’s premium offer undervalues Beacon’s shares, and the trading price of Beacon’s shares indicates that Beacon’s Board is wrong.

    “Our offer provides certainty, a significant premium in cash and the ability to close quickly with no regulatory delays, financing risks or diligence conditions,” said Brad Jacobs, chairman and chief executive officer of QXO. “Beacon’s filing shows no indication of an actionable third-party alternative. We have made a very compelling offer, and Beacon should let its shareholders decide what is in their best interest.”

    Notably, Beacon confirmed today it would wait to announce newly constructed 2028 financial projections until March 13, more than a month from today and more than three months from its Board’s initial rejection of QXO‘s offer. There is no reason for Beacon to introduce yet another delay by waiting to disclose its newly formulated projections.

    QXO’s tender offer will be outstanding until 12:00 midnight, New York City time, at the end of February 24, 2025, and it is prepared to complete the acquisition shortly after the tender expires, subject to the terms of the offer. The transaction is not subject to any financing conditions or due diligence conditions, and QXO expects that the waiting periods under the Hart-Scott-Rodino Act and the Canadian Competition Act will have expired or been waived by the time the tender offer expires.

    Morgan Stanley & Co. LLC is acting as lead financial advisor to QXO, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel.

    About QXO

    QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. The company provides consulting and professional services, including specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, QXO offers solutions for accounting, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, business intelligence and other applications. QXO plans to become a tech-forward leader in the $800 billion building products distribution industry. The company is targeting tens of billions of dollars of annual revenue in the next decade through accretive acquisitions and organic growth. Visit QXO.com for more information.

    Forward-Looking Statements

    This communication contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets, goals, regulatory approval timing and nominating directors are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as “may,” “will,” “should,” “expect,” “opportunity,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “target,” “goal,” or “continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Such factors include but are not limited to: the ultimate outcome of any possible transaction between QXO, Inc. (“QXO”) and Beacon Roofing Supply, Inc. (“Beacon”), including the possibility that the parties will not agree to pursue a business combination transaction or that the terms of any definitive agreement will be materially different from those proposed; uncertainties as to whether Beacon will cooperate with QXO regarding the proposed transaction; the ultimate result should QXO commence a proxy contest for election of directors to Beacon’s board of directors; QXO’s ability to consummate the proposed transaction with Beacon; the conditions to the completion of the proposed transaction, including the receipt of any required shareholder approvals and any required regulatory approvals; QXO’s ability to finance the proposed transaction; the substantial indebtedness QXO expects to incur in connection with the proposed transaction and the need to generate sufficient cash flows to service and repay such debt; that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement of the proposed transaction; QXO’s ability to retain certain key employees; and general economic conditions that are less favorable than expected. QXO cautions that forward-looking statements should not be relied on as predictions of future events, and these statements are not guarantees of performance or results. Forward-looking statements herein speak only as of the date each statement is made. QXO does not assume any obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law.

    Important Additional Information and Where to Find It

    This communication is for informational purposes only and does not constitute a recommendation, an offer to purchase or a solicitation of an offer to sell Beacon securities. QXO and Queen MergerCo, Inc. (the “Purchaser”) filed a Tender Offer Statement on Schedule TO with the Securities and Exchange Commission (the “SEC”) on January 27, 2025, and Beacon filed a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer with the SEC on February 6, 2025. Investors and security holders are urged to carefully read the Tender Offer Statement (including the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as each may be amended or supplemented from time to time) and the Solicitation/Recommendation Statement, as these materials contain important information that investors and security holders should consider before making any decision regarding tendering their common stock, including the terms and conditions of the tender offer. The Tender Offer Statement, Offer to Purchase, Solicitation/Recommendation Statement and related materials are filed with the SEC, and investors and security holders may obtain a free copy of these materials and other documents filed by QXO and Beacon with the SEC at the website maintained by the SEC at www.sec.gov. In addition, the Tender Offer Statement and other documents that QXO and the Purchaser file with the SEC will be made available to all investors and security holders of Beacon free of charge from the information agent for the tender offer: Innisfree M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, NY 10022, toll-free telephone: +1 (888) 750-5834.

    QXO and the other participants intend to file a preliminary proxy statement and accompanying WHITE universal proxy card with the SEC to be used to solicit proxies for, among other matters, the election of its slate of director nominees at the 2025 annual meeting of stockholders of Beacon. QXO strongly advises all stockholders of Beacon to read the preliminary proxy statement, any amendments or supplements to such proxy statement, and other proxy materials filed by QXO with the SEC as they become available because they will contain important information. Such proxy materials will be available at no charge on the SEC’s website at www.sec.gov and at QXO’s website at investors.qxo.com. In addition, the participants in this proxy solicitation will provide copies of the proxy statement, and other relevant documents, without charge, when available, upon request. Requests for copies should be directed to the participants’ proxy solicitor.

    Certain Information Concerning the Participants

    The participants in the proxy solicitation are anticipated to be QXO, Brad Jacobs, Ihsan Essaid, Matt Fassler, Mark Manduca and the individuals nominated by QXO (the “QXO Nominees”). QXO expects to determine and announce the QXO Nominees prior to the nomination deadline for the 2025 annual meeting of stockholders of Beacon. As of the date of this communication, other than 100 shares of common stock of Beacon beneficially owned by QXO, none of the participants that have been identified has any direct or indirect interest, by security holdings or otherwise, in Beacon.

    Media Contacts

    Joe Checkler
    joe.checkler@qxo.com
    203-609-9650

    Steve Lipin / Lauren Odell
    Gladstone Place Partners
    212-230-5930

    Investor Contacts

    Mark Manduca
    mark.manduca@qxo.com
    203-321-3889

    Scott Winter / Jonathan Salzberger
    Innisfree M&A Incorporated
    212-750-5833

    The MIL Network –

  • MIL-OSI: NOTICE TO DISREGARD — Phunware, Inc.

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Feb. 06, 2025 (GLOBE NEWSWIRE) — We are advised by Phunware, Inc. that journalists and other readers should disregard the news release, “Phunware Mobile Hospitality Solution Deployed at JW Marriott Phoenix Desert Ridge Resort & Spa” issued February 5, 2025, over GlobeNewswire.

    The MIL Network –

  • MIL-OSI: UPDATE — Ambarella Announces Fourth Quarter and Fiscal Year 2025 Earnings Conference Call to be Held February 26, 2025

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) — Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced it will hold its fourth quarter and fiscal year 2025 earnings conference call on Wednesday, February 26, 2025 at 1:30 p.m. (Pacific Time). The company will issue its earnings release after the market closes that same day.

    Those interested in asking a question on the call are required to register online in advance. Once registered, the dial-in numbers will be provided with a personal identification number (PIN). When dialing in for the live call, the PIN number must be provided to access the call.

    The live webcast of the conference call, and a webcast replay, will be available at: http://investor.ambarella.com/events.cfm

    About Ambarella

    Ambarella’s products are used in a wide variety of human vision and edge AI applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella’s low-power systems-on-chip (SoCs) offer high-resolution video compression, advanced image and radar processing, and powerful deep neural network processing to enable intelligent perception, fusion and planning. For more information, please visit www.ambarella.com.

    Contact:
    Louis Gerhardy
    VP Corporate Development
    408-636-2310
    lgerhardy@ambarella.com

    The MIL Network –

  • MIL-OSI: Bitget Wallet Enables Berachain Airdrop Claim, Offering Extra $BERA Rewards

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 06, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, has integrated Berachain mainnet and now supports $BERA airdrop claim. Users claiming the airdrop through Bitget Wallet will be eligible for extra $BERA rewards. This integration positions Bitget Wallet as one of the key platforms for early engagement with Berachain’s ecosystem.

    Through Bitget Wallet’s Discover page, users can verify their $BERA airdrop eligibility based on previous interactions with Berachain’s testnet. Qualified participants can claim their base $BERA allocation directly within the wallet, with additional rewards available for those who interacted with Berachain ecosystem project DApps selected under the RFA Plan during the testnet phase. From February 6 to 10, users claiming the $BERA airdrop may access extra $BERA rewards from an additional reward pool.

    Berachain, built on an Ethereum Virtual Machine (EVM)-compatible framework, introduces a novel Proof of Liquidity (PoL) mechanism that dynamically adjusts validator rewards to promote security, decentralization, and liquidity across DeFi applications. This approach aims to address the limitations of the traditional Proof of Stake model by incentivizing liquidity provision alongside network security. With this integration, Bitget Wallet provides users with streamlined access to Berachain’s multi-chain DeFi opportunities and smooth asset management.

    Looking ahead, Bitget Wallet plans to explore further collaboration with Berachain, focusing on potential incentive programs and cross-chain developments. Alvin Kan, COO of Bitget Wallet, stated, “Berachain’s mainnet integration represents a leap in on-chain liquidity and user empowerment. By incorporating Berachain’s capabilities, we aim to deliver a simplified user experience while driving the next wave of decentralized innovation for communities worldwide.”

    Follow Bitget Wallet’s X for more updates.

    About Bitget Wallet

    Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users’ assets. Experience Bitget Wallet Lite to start a Web3 journey.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/662d2a60-bc0a-4360-92f9-f12fd175d117

    The MIL Network –

  • MIL-OSI: ReversingLabs Identifies Novel ML Malware Hosted on Leading Hugging Face AI Model Platform

    Source: GlobeNewswire (MIL-OSI)

    Dubbed “nullifAI,” a Tactic for Evading Detection in ML Models Targeted Pickle Files, Demonstrates Fast-Growing Cybersecurity Risks Presented by AI-Coding Tool Platforms

    CAMBRIDGE, Mass., Feb. 06, 2025 (GLOBE NEWSWIRE) — ReversingLabs (RL), the trusted name in file and software security, today revealed a novel ML malware attack technique on the AI community Hugging Face. Dubbed “nullifAI,” it impacted two ML models Hugging Face hosts, employing a corruption for defense evasion on the AI platform. The discovery is outlined in RL’s latest research post, “Malicious ML models discovered on Hugging Face platform,” and is accompanied by a new white paper, “AI is the Supply Chain,” which highlights the larger cybersecurity challenges created by AI impacting software development.

    In its research post, RL examines how threat actors are seeking hard-to-detect ways to insert and distribute ML malware via unsuspecting hosts, such as the AI platform Hugging Face. The research details how attackers used corrupt Pickle files to evade detection and bypass Hugging Face security protections while simultaneously managing to achieve execution of malicious code. Hugging Face has been notified and the ML models in question were taken down.

    “While the files discovered by our researchers appear to be ‘proof of concept’ rather than active threats, the failure to detect their presence points to a larger set of issues that are going to grow significantly and become more problematic as the use of AI coding tools grows,” said Tomislav Peričin, Chief Software Architect and co-founder, ReversingLabs. “Right now, AI is fueling modern software development, populating libraries and emboldening attackers. In fact, it’s safe to say AI is the supply chain, and while the benefits are vast, the security risks that come with it are alarming. To mitigate these new risks, organizations must embrace new modern software supply chain security solutions.”

    Securing AI platforms and communities is critical. nullifAI is an example of an evolving category of risks for software supply chains where AI is involved; in this case ML models hosted in an AI community. In its new white paper “AI is the Supply Chain,” RL examines how AI is transforming software development, altering software supply chains and creating significant new cybersecurity challenges for businesses. According to Gartner, 75% of enterprise software engineers will use AI code assistants by 2028. This includes those offered by companies including Hugging Face, GitHub Copilot, Tabnine, and others.

    While fueling incredible new innovations, AI-generated code will introduce new cybersecurity challenges to software development organizations. Examples include the growing use of outdated code, and more concerning, compromised code containing exploitable software vulnerabilities, or malicious features that are undetectable by traditional security measures such as static code analysis.

    Address AI Risks in Software Development with Spectra Assure
    ReversingLabs works with some of the leading AI companies to help secure their LLM and ML models. With the industry’s largest threat repository and RL’s advanced complex binary analysis, Spectra Assure offers the most comprehensive SBOM and risk assessment for applications—identifying malware, tampering, exposed secrets, vulnerabilities, weak mitigations, and more, in minutes and without requiring source code. As AI-generated code continues to explode, Spectra Assure provides the critical build exam for software vendors and AI platforms before shipping or including AI models in their software.

    To learn more about the risks of nullifAI, attend RL’s webinar “Hugging Face and ML Malware – How RL Discovered nullifAI” with RL Threat Researcher Karlo Zanki, RL Chief Software Architect Tomislav Peričin, and RL Director Editorial Content Paul Roberts on Thursday, February 20 at 11:00 a.m. EST.

    To learn more about how AI is impacting software supply chain security, read the recent AI is the Supply Chain primer.

    About ReversingLabs
    ReversingLabs is the trusted name in file and software security. We provide the modern cybersecurity platform to verify and deliver safe binaries. Trusted by the Fortune 500 and leading cybersecurity vendors, RL Spectra Core powers the software supply chain and file security insights, tracking over 422 billion searchable files daily with the ability to deconstruct full software binaries in seconds to minutes. Only ReversingLabs provides that final exam to determine whether a single file or full software binary presents a risk to your organization and your customers.

    Media Contact
    Doug Fraim
    Guyer Group
    Doug@Guyergroup.com

    The MIL Network –

  • MIL-OSI: Axiomise Launches footprint, Area Analyzer for Silicon Design

    Source: GlobeNewswire (MIL-OSI)

    • Efficient, fast analysis of SoC and IP transforming PPA optimization
    • Exhaustive analysis generating precise component-level metrics
    • Designers, architects and verification engineers can perform quick analysis with quick feedback
    • Works with any formal verification tool
    • Ongoing Demos of footprint during DVCon U.S. February 24-26

    LONDON, Feb. 06, 2025 (GLOBE NEWSWIRE) — Axiomise, the leading provider of cutting-edge formal verification solutions, today launched footprint™, an efficient and fast area analyzer solution designed to transform power, performance and area (PPA) optimization for silicon design.

    PPA has become an even bigger challenge than it was previously, a result of larger AI/ML hardware designs. footprint, powered by the new Axiomiser™ platform, discovers redundant gates and registers in complex system on chips (SoCs) that consume power but are never used. The area analyzer solution finds component-level granularity to precisely identify which design components never get used while still consuming power. Synthesis solutions cannot always clean out the redundant area.

    “footprint is a key step in realizing our vision of making formal normal,” remarks Dr. Ashish Darbari, Founder and CEO of Axiomise. “This powerful tool provides architects and designers with a quick feedback loop during design bring-up, enabling them to exhaustively analyze silicon waste while optimizing for power and performance.”

    Axiomise will showcase footprint at DVCon U.S. 2025 as a Silver Sponsor in Booth #102 from Monday, February 24, through Wednesday, February 26, at the Doubletree by Hilton Hotel in San Jose, Calif. Dr. Darbari and his team will be available to answer questions and discuss the latest advancements in formal verification. To schedule a demo or a meeting, contact info@axiomise.com.

    About footprint
    footprint is a pioneering, vendor-neutral, end-to-end solution designed to identify unused or underutilized components of silicon. With an agile, interactive and user-centric interface, it enables rapid model refinement. Successfully tested on more than 80 designs, including processors, GPUs, communication IP, NoCs, footprint works with any formal verification tool to generate clear, easy-to-read reports while surpassing traditional reachability and structural coverage analysis.

    For a limited time, footprint is available to try at no cost. Pricing available upon request. For more information on footprint, check: www.axiomise.com/footprint.

    About Axiomise
    Axiomise is accelerating formal verification adoption through its unique combination of training, consulting, services and specialized verification solutions for RISC-V. Axiomise was founded by Dr. Ashish Darbari, FBCS, FIETE, DPhil (Oxford), who has been a formal verification practitioner for more than two decades with 67 patents in formal verification and over 85 publications.

    Engage with Axiomise at:
    Website: www.axiomise.com
    X: @axiomise
    LinkedIn: https://www.linkedin.com/company/axiomise/
    Facebook: https://www.facebook.com/axiomise

    Axiomise, formalISA and the Axiomise logo are trademarks of Axiomise Limited, UK.
    Making formal normal is a registered trademark of Axiomise Limited, UK.

    For more information, contact:

    Fabiana Muto
    Public Relations for Axiomise
    fabiana.muto@axiomise.com

    The MIL Network –

  • MIL-OSI: Celona and stc Group Launch Private 5G Solution to Drive Business Efficiency in Middle East

    Source: GlobeNewswire (MIL-OSI)

    • Celona and stc Group have announced a new partnership, launching a private 5G edge computing technology network solution for enterprises in Saudi Arabia, Kuwait and Bahrain.
    • The digital solution increases operational efficiencies by lowering total cost and accelerating time-to-market.
    • The solution avoids the challenges commonly faced with Wi-Fi networks and provide secure, reliable connectivity in hard-to-reach places.

    CAMPBELL, Calif. and RIYADH, Saudi Arabia, Feb. 06, 2025 (GLOBE NEWSWIRE) — Celona, a pioneer in private 5G networks, and stc Group, a leading digital enabler, have partnered to launch a new generation of private 5G digital solutions, allowing businesses to scale up their wireless connectivity in a cost-efficient manner. The partnership aligns with stc Group’s commitment to driving development and efficiency across the Middle East region with new solutions to support digital transformation.

    The partnership between Celona and stc Group will expedite the deployment of new automation applications, enhancing operational efficiency, reducing costs and addressing operational challenges by leveraging stc Group’s expertise in cloud and IoT services. This collaboration will lower total cost of ownership and accelerate time-to-market for the launch of new products and services across industries such as oil and gas, logistics, warehousing, mining, and manufacturing.

    stc Group and Celona’s new private 5G network service will utilize private networks to meet the growing demand for secure, reliable wireless performance, coverage, and connectivity required by a new era of network-dependent business applications, IoT systems, and cybersecurity integration. Enterprises in Saudi Arabia, Kuwait, and Bahrain will benefit from swift deployment of private wireless networks to support their automation and modernization initiatives.

    Saud Alsheraihi, stc Group Products & Solutions VP, said, “This partnership with Celona marks a significant milestone in stc Group’s mission to drive digital transformation and operational efficiency. By integrating Celona’s cutting-edge private 5G technology, we are proudly enabling businesses in Saudi Arabia, Kuwait and Bahrain to modernize their operations, reduce costs, and accelerate their time-to-market. This collaboration underscores our commitment to providing innovative digital solutions that empower enterprises to thrive in a rapidly evolving digital landscape.”

    Rajeev Shah, Celona’s Co-founder and CEO, said, “stc Group is a digital transformation visionary with a clear strategy for driving economic growth and efficiency through digitization. We are honored that they have chosen to power their industrial transformation initiatives with the Celona private 5G solution, driving Connected Mines, Connected Supply Chains, Connected Warehouses, and Connected Manufacturing throughout the region with a robust solution that will drive business success.”

    About Celona
    Based in Silicon Valley, Celona is a pioneer and leading innovator of enterprise private wireless solutions. The company offers a turnkey private 5G solution that enables enterprises to address their growing needs for secure and reliable wireless connectivity for critical business applications. Celona private 5G has been deployed by a wide range of global customers across industries. To date, the company has raised over $135 million in venture funding from Lightspeed Venture Partners, Norwest Venture Partners, NTT Ventures, Cervin Ventures, DigitalBridge and Qualcomm Ventures. For more information, please visit celona.io.

    About stc Group
    stc Group is an enabler of digital transformation, offering advanced solutions and driving a role in the digitization process. The group provides a comprehensive suite of services encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. The group comprises 13 subsidiaries across the Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe.
    To know more about stc group: Click here

    Media Contact:
    Lisa Garza
    Celona
    lgarza@celona.io
    510-366-2225

    The MIL Network –

  • MIL-OSI: Clean Core Thorium Energy Raises $15.5M in Series Seed

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 06, 2025 (GLOBE NEWSWIRE) — Clean Core Thorium Energy (CCTE) has raised a $15.5M Series Seed round of financing to advance the ANEEL fuel – a patented blend of thorium & HALEU designed to be seamlessly deployed into existing reactors. With plans to commercialize in 2026, the capital will be used towards solidifying the company’s technical partnerships, such as the irradiation test at Idaho National Laboratory (INL), the further validation work at Canadian Nuclear Laboratories (CNL), a planned Demonstration Irradiation, and more. Further, this financing will be used to fund activities related to the company’s hiring, supply chain partnerships, and regulatory and licensing requirements.

    The syndicate of investors participating in this round are led by a Singapore-based family office and notable business leaders including Sumant Sinha, CEO and Founder of ReNew, Lakshmi Narayanan, former CEO of Cognizant Technologies, and Deepak Parekh, former Chairman of HDFC Bank.

    Mehul Shah, CCTE’s CEO and Founder, said:

    “We are not only excited to have fresh capital infused in the business for critical growth, but also ecstatic to invite those with deep ties to the global energy industry as advisors and investors to accelerate our progress. This announcement marks the next chapter in CCTE’s growth to revolutionize nuclear energy.

    By demonstrating thorium’s ability to deliver immediate and substantial operational benefits, we can accelerate the renewed momentum of nuclear. This new fuel cycle enhances reactor economics, strengthens energy security, improves safety, and ensures proliferation resistance—all within an existing and proven reactor system.”

    In 2024, CCTE achieved major milestones to advance the ANEEL fuel, including:

    About Clean Core Thorium Energy
    Clean Core Thorium Energy is a nuclear fuel company exploring thorium-driven nuclear innovations. Clean Core’s patented nuclear fuel technology (called the ANEEL™ fuel) is comprised of thorium and high assay low-enriched uranium (HALEU) and is capable of improving the safety and cost-efficiency of pressurized heavy-water reactors. The ANEEL™ fuel is a novel solution to safety, waste, and proliferation concerns in today’s nuclear plants. Learn more at https://cleancore.energy/. Follow us on social media: LinkedIn and X.

    Contact: info@cleancore.energy

    The MIL Network –

  • MIL-OSI: Questrade celebrates seventh consecutive DALBAR Seal of Service Excellence recognition

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 06, 2025 (GLOBE NEWSWIRE) — Questrade (www.questrade.com) — Canada’s #1 rated* online brokerage — is thrilled to announce that it has repeated in receiving the DALBAR Seal of Service Excellence for Telephone Service for the seventh consecutive year. Awarded by DALBAR, Inc., the DALBAR Seal of Service Excellence celebrates exceptional customer service and best-in-class standard of care provided by firms across the financial services industry.

    “Receiving this honour again is incredibly humbling as it demonstrates our team’s consistency in setting high benchmarks for the service experience we provide to our customers year after year,” said Jason Grieve, Chief Client Officer, Questrade. “As we look further into 2025, our customers can expect a whole host of new low-fee investment products and capabilities alongside our unmatched customer service offerings – all of which stand true to our standard of disrupting the status quo of the financial services ecosystem in Canada.”

    “For seven consecutive years, Questrade has upheld an exceptional standard of customer service that sets it apart in the financial services industry,” said Shelley Eramo, Director at DALBAR, Inc. “Achieving the DALBAR Seal of Service Excellence is no small feat – it requires unwavering dedication to delivering a consistently superior customer experience. Questrade’s commitment to innovation and client care is evident year after year, and we are pleased to recognize their ongoing success in raising the bar for service excellence.”

    Questrade continues to provide trusted and established alternatives to the high-fee investment products currently available on the market with award-winning digital platforms, ultra-low managed portfolio fees, and commission-free ETF purchases in its self-directed accounts. Building on its mission to help Canadians become much more financially successful and secure, the company is accelerating the speed at which it brings new capabilities and services to its customers in 2025 and beyond.

    In addition to Questrade’s recognition, Questrade Financial Group (QFG) subsidiary Community Trust Company (CTC) has also been recognized with the DALBAR Seal of Service Excellence for the second straight year. The notable, repeat achievement underscores the consistently high standard of service and care provided across the group’s entire portfolio.

    About DALBAR, Inc.

    DALBAR, Inc. is the financial community’s leading independent expert for evaluating, auditing, and rating business practices, customer performance, product quality and service. Launched in 1976, DALBAR has earned recognition for consistent and unbiased evaluations. As the nation’s leading financial services market research firm, it performs a variety of ratings and evaluations of practices and communications that are committed to raising the standards of excellence in the financial services and healthcare industries. With offices in both the US and Canada, DALBAR develops standards and measurement systems that improve the quality of products, service and compliance for the retirement, mutual fund, broker/dealer, discount brokerage, life insurance, healthcare, and banking industries.

    About Questrade

    Questrade, Inc. (“Questrade”) is changing the Canadian financial services industry by leveraging technology to lower fees while providing a viable alternative to traditional financial investment options, thereby allowing Canadians to Keep More of their Money. As a leader and innovator in financial services, Questrade is a trusted ally that advocates for consumers, focused on improving value. With 25 years of challenging the status quo as one of Canada’s leading, non-bank online brokerages and over $50 billion in assets under administration, Questrade and its affiliates provide financial products and services, including securities and foreign currency investments. For more information, visit www.questrade.com or on Facebook and X (formerly Twitter) @Questrade. Questrade, Inc. is a registered investment dealer, a member of the Canadian Investment Regulatory Organization (CIRO), and a member of the Canadian Investor Protection Fund (CIPF). Questrade is a wholly owned subsidiary of Questrade Financial Group Inc.

    *MoneySense 2024

    Media Contact

    For more information, contact Susan Willemsen at The Siren Group Inc. Tel: 416-461-1567 or M: 416-402-4880, or email: susan@thesirengroup.com.

    The MIL Network –

  • MIL-OSI: APCU/Center Parc Credit Union Adopts Point Predictive’s IEValidate™ to Transform Member Income and Employment Documentation Requirements

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 06, 2025 (GLOBE NEWSWIRE) — Point Predictive, the leader in risk solutions for consumer lending, today announced that Atlanta-based APCU/Center Parc Credit Union has implemented IEValidate, its innovative income and employment validation solution. This strategic adoption aims to streamline the lending process for members while strengthening the credit union’s fraud prevention capabilities.

    In an era where traditional income verification methods often create friction in the lending process, APCU/Center Parc recognized the need for a more efficient solution. IEValidate provides their underwriters with a frictionless way to validate member income and employment, eliminating the reliance on traditional paystubs which can be both difficult to evaluate and susceptible to forgery.

    The solution offers several key advantages for the credit union:

    • Eliminates paystubs, streamlining 80% or more of loans.
    • Taps into insights from over 300 million reported incomes.
    • Screens against 22 million reported employers and over 14,000 fake employers.
    • Delivers income and employment evaluation on 100% of loan requests.

    “Point Predictive is fundamentally changing how income and employment are validated in the lending industry,” said Tim Grace, CEO of Point Predictive. “Traditional methods like paystubs are not only burdensome for members, but they are also easily forged making paystub reviews both time consuming and ineffective. Our collaboration with APCU/Center Parc, will enable them to instantly validate both income and employment on every single application without holding up the lending process by requesting paystubs or bank statements.”

    The implementation of IEValidate gives APCU/Center Parc access to Point Predictive’s proprietary data repository, which includes over 300 million income reports and information on 22 million employers. This comprehensive database, combined with sophisticated validation processes, enables the credit union to make faster, more confident lending decisions without requiring members to provide traditional documentation.

    “IEValidate allows us to enhance our member experience by removing unnecessary friction from the loan application process,” said Blake Graham, President/CEO of APCU/Center Parc. “The solution provides our underwriters with clear, objective information they need to make confident decisions, replacing the subjective nature of traditional paystub review with reliable, data-driven insights.”

    Early adopters of IEValidate have reported doubling their loan conversion rates when eliminating paystub requirements for low-risk applications, while maintaining strong portfolio performance.

    For more information, contact info@pointpredictive.com.

    About Point Predictive

    Point Predictive powers a new level of lending confidence and speed through artificial intelligence, powerful data insight from our proprietary data repository, and decades of risk management expertise. The company’s data and technology solutions quickly and accurately identify truthful and untruthful disclosures on loan applications. As a result, lenders can fund the majority of loans without requiring onerous documentation, such as paystubs, utility bills, or bank statements, improving funding rates while reducing early payment default losses. Subsequently, borrowers get loans faster, and lenders realize a more profitable bottom line.

    About Atlanta Postal Credit Union

    At APCU/Center Parc, providing our members first-class service has always been our priority. We’re a member-owned, not-for-profit financial cooperative committed to helping hardworking people save money and prosper. For 100 years, we’ve stayed true to these beliefs. As Georgia’s oldest credit union, we’re proud of our tradition of service. Over the years, APCU/Center Parc assets have grown from an initial investment of $2,505 to more than $2.3 billion. Today, we’re one of the largest credit unions in the country. We’re proud to serve more than 108,000 members nationwide with a full complement of financial products and services designed to save them money. For more information, visit www.apcu.com. This credit union is federally insured by the National Credit Union Administration.

    Media Contact
    Jill Robb
    JROBB@PointPredictive.com

    The MIL Network –

  • MIL-OSI: E Ink Partners with MIT Solve to Launch Innovation Prize for Global Challenges

    Source: GlobeNewswire (MIL-OSI)

    BILLERICA, Mass., Feb. 06, 2025 (GLOBE NEWSWIRE) — E Ink (8069.TW), the originator, pioneer, and global commercial leader in ePaper technology, announced today its collaboration with MIT Solve, an initiative of the Massachusetts Institute for Technology with a mission to drive innovation to solve world challenges. The E Ink Innovation Prize will award up to $300,000 over the next three years to teams helping solve the world’s most pressing issues.

    “This partnership with MIT Solve underscores our commitment to leveraging ePaper technology to address some of the world’s most pressing challenges,” said Johnson Lee, CEO, E Ink. “We believe that by supporting innovation, we can make a significant impact on global issues and drive sustainable change.”

    The inaugural E Ink Solve Global Challenge opened for applications on February 3, 2025, with prize recipients selected in August, and official project kick off in September. The E Ink Innovation Prize is open to solutions that utilize ePaper materials, technology, or displays to address problems of global importance in any of Solve’s areas of impact, including topics such as architecture, education, or intercultural understanding.

    “Working with E Ink, a company that originally spun out of the MIT Media Lab in 1997, is a full circle moment,” said Hala Hanna, Executive Director of MIT Solve. “This level of support is what drives scale and transformational impact. We look forward to working alongside E Ink to advance pivotal tech-based solutions that create a better future for all.” 

    MIT Solve finds and supports tech-based solutions to global challenges through open innovation challenges and partnerships, and in part with its collaboration with E Ink, aims to achieve a more sustainable and equitable future for all. The Innovation prize will be awarded to up to four Solver teams, with additional support from E Ink through project implementation. To learn more or to apply, please visit https://solve.mit.edu/challenges.

    E Ink continues to receive recognition across its climate strategy, privacy protection, and business ethics, with its ongoing inclusion in the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets). The company has revised its 2025 renewable energy goal to RE65, aiming for RE100 across all operations. Additionally, E Ink’s displays have been recognized for their environmental contributions, with 99.9% of product sales revenue qualifying as green revenue and is noted for its energy efficiency and eye health benefits, being the first display technology to receive certification from the International Dark-Sky Association.

    About E Ink
    E Ink Holdings Inc. (8069.TWO), based on technology from MIT’s Media Lab, provides an ideal display medium for applications spanning eReaders and eNotes, retail, home, hospital, transportation, logistics, and more, enabling customers to put displays in locations previously impossible. E Ink’s electrophoretic display products make it the worldwide leader for ePaper. Its low power displays enable customers to reach their sustainability goals, and E Ink has pledged using 100% renewable energy in 2030 and reaching net zero carbon emissions by 2040. E Ink has been recognized for their efforts by receiving, validation from Science-Based Targets (SBTi) and is listed in both the DJSI World and DJSI Emerging Indexes. Listed in Taiwan’s Taipei Exchange (TPEx) and the Luxembourg market, E Ink Holdings is now the world’s largest supplier of ePaper displays. For more information please visit www.eink.com. E Ink. We Make Surfaces Smart and Green.

    Stay Connected
    Website | Facebook | Instagram | LinkedIn | Twitter/X

    Contact
    V2 Communications on behalf of E Ink
    eink@v2comms.com

    About MIT Solve:
    Solve is an initiative of the Massachusetts Institute of Technology (MIT) with a mission to drive innovation to solve world challenges. Solve is a marketplace for social impact innovation. Through open innovation challenges, Solve finds incredible tech-based social innovators from all around the world. Solve then brings together MIT’s ecosystem and a community of supporters to fund and scale these innovators to help them drive lasting, transformational impact. Join Solve on this journey at solve.mit.edu.

    Stay Connected
    Twitter | LinkedIn | Instagram | Facebook | YouTube

    Contact
    Bridget Weiler
    Director of Marketing & Communications
    bridget.weiler@solve.mit.edu

    The MIL Network –

  • MIL-OSI: TAB Bank Finishes 2024 Providing Nearly 300 Companies with $57 Million in Loans for Growth and Operations

    Source: GlobeNewswire (MIL-OSI)

    Q4 2024 funding includes factoring, asset-based and equipment loans, small business lines of credit and more for companies in transportation, manufacturing and distribution, e-commerce, maintenance, logistics and other industries

    OGDEN, Utah, Feb. 06, 2025 (GLOBE NEWSWIRE) — TAB Bank provided nearly 300 companies with more than $57 million in funding in the fourth quarter of 2024. The financing includes factoring, asset-based and equipment loans, small business lines of credit and more for companies in transportation, manufacturing and distribution, e-commerce, maintenance, logistics and other industries. TAB Bank offers vital capital to help companies meet their growth and success goals.

    Highlights of the largest Q4 2024 deals include:

    • $20 million—Funding numerous companies for their equipment needs.
    • $12 million—Steel Capital Management, a New York City-based finance company specializing in e-commerce solutions.
    • $11 million—Providing almost 100 small businesses with lines of credit for growth.
    • $5 million—A transportation maintenance solutions company in Dallas, Texas.
    • $4 million—A Kentucky company that owns, operates and manages multi-tenant communication tower sites across the U.S.

    For more than 25 years, TAB Bank’s core business has been financing over-the-road truckers and the broader transportation industry. This quarter, TAB Bank provided term loans and lines of credit ranging from $40,000 to $300,000 to transportation and logistics companies to help create consistent operational cash flow.

    “The most successful companies grow by compounding their returns, and using strategic debt financing can be a powerful tool to fuel that growth,” said Terri K. Lins, Chief Credit Officer at TAB Bank. “Our focus is to create financing programs tailored to each company’s specific goals—whether expanding inventory, investing in new equipment or ramping up marketing and promotions. We succeed when we help our customers leverage money in the right way to maximize their growth potential.”

    The bank’s services include working capital, equipment financing, term loans, lines of credit and commercial real estate loans. TAB Bank’s specialists ensure each client is matched with the right financial product for their industry and growth stage. The bank supports businesses with stellar credit and those without, requiring alternative assessments. To determine creditworthiness, the bank considers various factors, such as income and operational history.

    For more information on TAB Bank’s capital financing and credit solutions, visit TABBank.com.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-624-5172
    trevor.morris@tabbank.com

    The MIL Network –

  • MIL-OSI: Digital Tails Group, LLC. Announces Completion of Another Customer Project and Detailed Case Study

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, Feb. 06, 2025 (GLOBE NEWSWIRE) — bowmo™, Inc. (OTC: BOMO), a New York City– based company powered by AI and XR/VR technologies who’s aim is to provide fully customizable SaaS Platforms to multiple industries (https://bowmo.com) (“bowmo,” “the Company”) and its recent merger partner OWNverse/Digital Tails Group (“DTG”), are pleased to announce the completion of another client project for Téchne , a European custom furniture manufacturer.

    Digital Tails Group developed a custom Configure, Price, Quote (CPQ) platform to simplify and automate the entire manufacturing and sales process – from product configuration to pricing and order placement – while adhering to budget constraints.

    A key component of this CPQ platform is the 3D configurator for real-time customization of various product attributes. This system gives customers a fast, easy and interactive way to “design” their own furniture right on the platform.

    Aleksey Shestakov, Chairman of the Board of OWNverse/Digital Tails and the Chief Technical Officer (CTO) of bowmo, Inc. summarized: “With the CPQ platform, Téchne can now streamline their manufacturing processes and automate time-consuming manual tasks, such as configuration checks and price calculations. The solution has been particularly impactful for their unique furniture designs, which previously required extensive manual effort to manage. Our solution has significantly reduced the time spent on designing and configuring products.”

    You can learn more about this family of innovations from bowmo and OWNverse/Digital Tails Group at: https://digital-tails.group/

    About bowmo, Inc.
    Bowmo Inc., (OTC: BOMO) is a New York City–based AI-powered software and services company that incorporates a novel set of technologies to build a platform that will deliver solutions for multiple industries. Bowmo’s flagship product seamlessly integrates AI and extended reality (XR) technologies to revolutionize recruitment and human resource (HR) processes.

    Building upon our multi-vertical platform, bowmo is poised to introduce a suite of future products catering to the cybersecurity, retail, sports, media/entertainment, and real estate sectors. This expansion underscores bowmo’s commitment to diversifying revenue streams and addressing diverse industry needs through advanced technological solutions. bowmo’s platform harnesses AI, machine learning (ML), deep learning (DL), blockchain, and process orchestration.

    About Digital Tails Group, LLC.
    Digital Tails Group (“DTG,” the “Company”) is an IT company specializing in software development using 3D technology, extended reality (XR) and artificial intelligence (AI). The DTG expertise in advanced technologies ranges from virtual reality (VR) experiences to smart AI algorithms, enabling us to help our clients improve their competitive strength through the application of advanced UI and knowledge technologies.

    About OWNverse, LLC.
    OWNverse is a virtual platform company that develops unique tools for creating targeted products and services for virtual spaces (“Metaverses”) by using the technology stack available through widely used Web2 platforms driven by AI. OWNverse allows for the integration of such tools to elevate the dimensionality of products and services, while offering such products and services within the spatially immersive 3D Internet—Web3. OWNverse aims to empower all users to become co-creators of the content. The main OWNverse ideology is to supply proven tools to users to provide real value for businesses and create virtual communities in numerous business sectors.

    Additional Information and Where to Find It
    Additional information is available on the Company’s website: https://www.bowmo.com. In addition, other information related to the Company is available at the SEC’s website at www.sec.gov, or by directing a request to: bowmo, Inc., 99 Wall Street, Suite 891, New York, NY 10005; or by phone at 212-398-0002.

    Cautionary Statement Regarding Forward-Looking Statements
    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words “may,” “will,” “should,” “plans,” “expects,” “anticipates,” “continue,” “estimates,” “projects,” “intends,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, BOMO’s ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various software programs, changes in future customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond BOMO’s control. Except as may be required by law, bowmo, Inc. undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this release.

    The MIL Network –

  • MIL-OSI: Maris-Tech Secures First Eastern European Defense Order for Jupiter Nano

    Source: GlobeNewswire (MIL-OSI)

    Expansion into a New Defense Market Reinforces Maris- Tech’s Global Capabilities

    Rehovot, Israel, Feb. 06, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”) based edge computing technology, today announced that it has received a new order from its U.K.-based distributor for its Jupiter Nano system to be delivered to a new defense company in Eastern Europe. This order marks a significant milestone for the Company as it expands into Eastern Europe’s defense sector and reinforces the Company’s’ position as a global player in video and AI-based edge computing solutions.

    The order includes dozens of Jupiter Nano units, which will be integrated into weapon systems for a defense project in Eastern Europe. With its compact form factor and ability to handle multiple video streams simultaneously, Jupiter Nano offers the advantage of ultra-low latency streaming and robust network support. It also addresses the customer’s specific challenges and seamlessly integrates into their sophisticated military systems.

    “We believe that this new order is a testament to both the strong relationship we have built with our U.K. distributor and the growing demand for Jupiter Nano’s advanced capabilities,” said Israel Bar, Chief Executive Officer of Maris-Tech. “Eastern Europe is a new and exciting market for us, and we believe that that this opportunity will allow us to expand our reach in the global defense and homeland security markets.”

    Jupiter Nano is a dual-channel H.264/H.265 codec, capable of 100msec ultra-low-latency streaming over wired and wireless networks. With video and audio capture, encoding, decoding, transcoding, and raw data preprocessing, Jupiter Nano is designed to meet the highest performance and reliability standards for modern defense applications.

    About Maris-Tech Ltd.

    Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

    For more information, visit https://www.maris-tech.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it is discussing: the new order for the Jupiter Nano system; the integration of the Jupiter Nano units into the weapon systems; the growing demand for Jupiter Nano’s advanced capabilities; and that the new order will allow the Company to expand its reach in the global defense and homeland security markets. 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 the Company’s control. The Company’s 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. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 21, 2024, and its other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations:

    Nir Bussy, CFO
    Tel: +972-72-2424022
    Nir@maris-tech.com

    The MIL Network –

  • MIL-OSI: Drone Manufacturers Scrambling to Keep Up with Growing Demand as Drone Applications Skyrocket

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Drones are being increasingly adopted in a growing number of industries such as military, defense, land surveying, agriculture for crop monitoring, energy for inspecting power lines among others. The versatility of drones to perform various tasks efficiently is driving their adoption. Drones can be used to monitor hostile environments and enemy activity as well as used for strategic and operational reconnaissance. Commercial Drones are remotely piloted, optionally piloted, or fully autonomous aerial vehicles that play a significant role in plenty of sectors. They are commonly termed drones and are mostly known for their wide usage in various functions, such as Surveying & Mapping, Inspection & Monitoring among others. These vehicles are also used for mapping, surveying, and determining the weather conditions of a specific area. According to recent industry reports, the markets are poised to continue substantial growth in years to come. MarketsAndMarkets project that The Commercial Drone market is projected to grow at a CAGR of 11.2% from 2024 to 2030. The report said: “Based on End Use, the Transport, Logistics and Warehousing segment is anticipated to record the highest growth rate during the forecast period By End Use, the Drone market has been segmented into logistics & transportation, agriculture, energy & power, military, construction & mining, media & entertainment, insurance, wildlife & forestry, academics & research. Logistics & Transportation segment is estimated to record the highest CAGR during the forecast period with the significant growth of the global e-commerce sector, postal companies are opting for new methods to modify their traditional delivery business models. Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), ParaZero Technologies Ltd. (NASDAQ: PRZO), AeroVironment (NASDAQ: AVAV), EHang Holdings Limited (NASDAQ: EH), AgEagle Aerial Systems Inc. (NYSE: UAVS).

    MarketsAndMarkets continued: “With several countries focusing on the use of commercial drones for postal deliveries, the commercial drone market will witness growth. The US Postal Service is exploring the possibility of introducing commercial drone into its vehicle fleets to advance mail delivery operations and support its collection of geospatial, sensor, image, and other data. Companies such as DJI (China) are actively developing solutions for Drone-based package delivery. Amazon (US) has already developed these services. Lower cost, density of urban environments, and the rising demand for reduced delivery times are contributing to the growth of this segment.”

    ZenaTech (NASDAQ:ZENA) ZenaDrone Starts Testing its High-Density Batteries to Extend Flight Time for ZenaDrone 1000 Drone for US Defense Applications – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that ZenaDrone will commence testing work this quarter on a high density battery for the ZenaDrone 1000 multifunction AI drone designed for defense and commercial applications. High density batteries are lightweight and enable longer drone flight times, more reliability and endurance for longer defense missions, heavier payloads, and greater operational success of a wide range of military applications. ZenaDrone will use the batteries from ZenaTech’s affiliated company Galaxy Batteries Inc.

    “High density batteries are key to longer fight times and reliability in the harsh conditions of military defense operations such as cargo and resupply, intelligence gathering, surveillance, and reconnaissance missions. We will test to ensure these batteries will provide the customization, cost savings, supply chain control and superior performance we require. This is important to our goal to become a Blue UAS- certified supplier to sell to US defense branches and other military organizations,” said CEO Shaun Passley, Ph.D.

    ZenaDrone 1000 is an autonomous multifunction drone offering stable flight, maneuverability, heavy lift capabilities, innovative software technology, sensors, AI, and purpose-built attachments, along with compact and rugged hardware engineered for military and industrial use. The company previously completed two paid trials with the US Air Force and the US Navy Reserve for logistics and transportation applications carrying critical cargo, such as blood, in the field.

    The company previously announced that its supply chain is fully NDAA (National Defense Authorization Act) compliant and that it plans to apply for Green UAS (Unmanned Aerial System) followed by Blue UAS certification, an approved supplier list for drone companies.

    NDAA compliance refers to adhering to the provisions outlined in the National Defense Authorization Act, which is a set of US federal laws passed every year that specify the budget and expenditures for the Department of Defense (DoD) and address growing cybersecurity concerns. For a product to be NDAA compliant, it must not be produced by a set list of Chinese manufacturers, which extends to the chipsets, cameras, displays and other technology used.

    The Blue UAS (Unmanned Aerial System) program is a stringent government approved supplier list of drone companies that wish to do business with the US DoD; suppliers including ZenaDrone must meet strict NDAA cybersecurity and supply chain sourcing requirements. The Green UAS program is essentially the same as the Blue UAS program but has a more streamlined and faster certification process without the specifications on country of origin. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the drone industry include:

    ParaZero Technologies Ltd. (NASDAQ: PRZO), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, recently announced the successful demonstration of its DropAir Precision airdrop system in collaboration with a leading global defense company. The demonstration showcased the DropAir system’s ability to safely and precisely deliver critical supplies under challenging operational conditions.

    During the test, ParaZero’s proprietary DropAir technology was deployed in multiple high-altitude drone airdrops. The system’s advanced parachute mechanism activated at low altitude, ensuring minimal drift and precise landings, even in complex environments. Following the successful demonstration, ParaZero plans to advance the DropAir system into the next phase of development, focusing on enhancing its capabilities for real-world military and humanitarian operations.

    AeroVironment (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, recently announced it has been awarded its third delivery order totaling $288 million of Switchblade® loitering munition systems as part of U.S. Army’s Directed Requirement (DR) for Lethal Unmanned Systems (LUS). The delivery is part of a 5-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract from Army Contracting Command-Aberdeen Proving Ground, with a contract ceiling value of $990 million, announced in August 2024.

    “AV is honored to continue fulfilling this important contract providing the U.S. Army with exceptional and reliable loitering munition solutions,” said Brett Hush, AV’s senior vice president and general manager of Loitering Munition Systems. “We continue to deliver for the U.S. Army with our superior supply chain and manufacturing capacity.”

    EHang Holdings Limited (NASDAQ: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, recently announced that its flagship pilotless passenger-carrying aerial vehicle EH216-S completed its inaugural demo flight in downtown Shanghai. It served as an excellent backdrop to demonstrate the exceptional capabilities in convenience, safety, and eco-friendliness within the operational environment of UAM in metropolises. It has also officially launched the regular trial operation of the eVTOL sightseeing routes by the Huangpu River at Longhua Airport in Shanghai, in preparation for the following commercial operations in Shanghai. This move aims to realize the urban air mobility in mega central cities.

    Longhua Airport is regarded as the only airport in Shanghai downtown area with apron airspace and is home to the East China General Aviation Service Center of the Civil Aviation Administration of China (“CAAC”). As an important base for the high-quality development of Shanghai’s low-altitude economy, Longhua Airport offers ideal conditions for various low-altitude economic activities, including aerial mobility, tourism and sightseeing, emergency rescue and logistics. This flight not only showcased EH216-S’s capabilities for commercial applications in urban sightseeing and travel scenarios, but also laid a solid foundation for its future gradual implementation and realization of regular commercial operations of urban air taxis in the Yangtze River Delta region centered around Shanghai.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announced it recently completed a successful flight demonstration of its eBee VISION Intelligence Surveillance and Reconnaissance (ISR) UAS platform at the French Army’s 61st Artillery Regiment’s event, FID25-61e RA Chaumont. The drone innovation forum was conducted January 30-31, 2025 and attended by the Company in conjunction with its French reseller partner Flying Eye.

    AgEagle CEO Bill Irby commented, “We continue to strengthen and broaden our relationship with the French Army through our partner Flying Eye, who completed training in January to become certified eBee VISION operators. This strategic union is expected to build upon the success of our largest single order in AgEagle’s history, valued at $3.4M, completed with the French Army in Q4 2024. We look forward to leveraging this momentum as we continue to expand the global footprint of our UAS products within both government and commercial verticals.”

    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 has been compensated fifty four hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. 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.

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Winvest Group Powers Web3.0 Expansion with Multi-Channel Financing

    Source: GlobeNewswire (MIL-OSI)

    RENO, NEVADA, Feb. 06, 2025 (GLOBE NEWSWIRE) — Winvest Group Limited (OTC: WNLV) is accelerating the growth of Web3.0 through an innovative multi-channel financing model that integrates blockchain technology with the entertainment industry. This strategic initiative underscores Winvest’s deep understanding of global capital markets and offers investors new opportunities in the expanding digital economy. As decentralized finance (DeFi) gains traction and blockchain ecosystems like Solana and Ethereum continue to shape digital asset investments, Winvest is actively exploring partnerships with communities and industry stakeholders to advance this transformative financing model.

    Revolutionizing Investment through Multi-Channel Financing

    Winvest is redefining capital markets by merging the viral, community-driven dynamics of Meme culture with the transparency and efficiency of DeFi. The organic expansion and strong engagement of Meme communities create a solid foundation for this investment approach.

    Beyond entertainment, Winvest is closely monitoring leading blockchain ecosystems such as Solana, incorporating them into its long-term investment strategy. By strengthening its presence in Web3.0, the company aims to enhance its asset portfolio and position itself as a key player in the evolving digital finance landscape, providing investors with a diversified and resilient investment framework.

    Expanding Industry Collaborations and Community-Driven Growth

    An increasing number of Meme projects and investors are approaching Winvest to explore strategic collaborations and funding opportunities. Among these engagements, Winvest has already reached a mutual agreement with a key partner, to funds raised through this model will be invested into Winvest’s projects, including Launchrr and movie production. This strategic alignment strengthens the ecosystem, allowing Meme-driven investments to generate real-world value while advancing Winvest’s long-term growth initiatives.

    In addition, key opinion leaders (KOLs) and industry influencers are leveraging social networks and Web3.0-based governance frameworks to expand the adoption of this model and drive broader community engagement. Through this flexible funding structure, investors have a lower entry option, allowing individuals – regardless of financial capacity – to participate in the entertainment industry’s expansion. This inclusive approach creates new pathways for investors to access high-growth opportunities while contributing to the evolution of decentralized finance and entertainment investments.

    Winvest: Pioneering the Future of Capital Markets

    Winvest remains committed to reshaping the financial and entertainment sectors through innovation. Rooted in its brand philosophy, “For Lasting Joy,” the company integrates cutting-edge technology with strategic market initiatives to generate sustainable value for global investors.

    With its expansion into Web3.0 and multi-channel financing, Winvest is not only reinforcing its market leadership but also unlocking new investment pathways in digital asset ecosystems. This initiative further strengthens the company’s mission to create a more transparent, efficient, and accessible financial landscape, empowering investors to seize the opportunities of the next evolution in capital markets.

    For more information, please visit: https://www.winvestgroup.co

    Media contact

    Connie Ting

    Winvest Group Limited

    50 West Liberty Street, Suite 880, Reno NV 89501

    Email: connie.ting@winxglobal.com

    Phone: 775-996-0288

    The MIL Network –

  • MIL-OSI: Solum Global Inc. Announces U.S. Healthcare Collaboration and Licensing Agreement with AI Company Life2, Inc.

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, FL, Feb. 06, 2025 (GLOBE NEWSWIRE) — Solum Global Inc. (“Solum Global, Solum or the Company”) a transparent digital network with a fully decentralized, permissionless blockchain protocol and stablecoin (sgUSD) for storing, trading, and transferring digital and real-world assets enabling immediate settlement between individuals, businesses, and governments, announced today a collaboration and licensing agreement with Artificial Intelligence company Life2, Inc., to address fraud, waste, abuse and other financial inefficiencies in the U.S healthcare industry.

    “Solum Global and Life2 are redefining the future of healthcare finance by driving smarter, data-backed decision-making and unlocking new levels of operational excellence. This partnership transforms financial operations by integrating Life2’s predictive AI analytics with Solum’s blockchain-based RCM solution—reducing billing errors, detecting fraud, and optimizing workflow outcomes. With real-time insights, providers can improve forecasting, enhance cash flow, and streamline administration,” stated Sterling Griffin, Vice President and Co-Founder of Solum Global Inc.

    The U.S. healthcare system faces mounting inefficiencies, rising costs, and security risks, making innovation imminent. The National Health Care Anti-Fraud Association estimates the annual cost of healthcare accounts for an estimated 3% to 10% of all expenditures, totaling between $147 billion and $490 billion annually. Meanwhile, data breaches remain a persistent threat, routinely exposing sensitive personal information. In 2023 alone, the Department of Health and Human Services (HHS) Office for Civil Rights (OCR) published that 725 breaches compromised over 133 million records across healthcare and insurance companies. Partnering with Life2, Inc. means harnessing the power of AI-driven analysis to uncover hidden financial inefficiencies in historical medical records. By leveraging deep domain expertise, large-scale data sets, advanced modeling techniques, and AI-driven machine learning, Life2 tackles complex market challenges beyond the reach of human problem-solving. This partnership empowers providers, hospitals, and insurers to detect billing errors, waste, and fraud while accurately predicting and optimizing future medical expenditures, driving smarter financial and operational decisions.

    “We are excited to collaborate with Solum Global to tackle the deep-rooted challenges within the U.S. healthcare system. By highlighting continual and substantial losses caused by financial leakage and actively partnering with the Solum team on their seamless, end-to-end solution, we are helping drive meaningful change. Together, we are working to reshape American healthcare by reducing costs for patients, providers, and payers,” said Rick Egan, CEO of Life2, Inc.

    Solum Global is revolutionizing U.S. healthcare by integrating Artificial Intelligence (AI), smart contracts, and its stablecoin (sgUSD) with a proprietary electronic health wallet (EHW) slated for release in Q2 2025. This blockchain-powered web3 platform modernizes revenue cycle management (RCM), replacing outdated web2 systems with a seamless, secure, and automated solution. By leveraging blockchain’s programmability, security, immutability, and smart contract billing, Solum facilitates instant payments through the EHW using sgUSD, a U.S. dollar-backed stablecoin. The Solum Global electronic health wallet addresses these challenges by providing a secure, blockchain-powered solution that streamlines transactions, reduces fraud, and enhances data protection. By providing individuals with greater control over their health information, Solum Global is setting a new standard for security and efficiency in healthcare.

    About Solum Global Inc.
    Solum Global is a transparent digital network with a fully decentralized, permissionless blockchain protocol for storing, trading, and transferring digital and real-world assets, enabling immediate settlement between individuals, businesses, and governments. Utilizing cutting-edge blockchain technology, Artificial Intelligence (AI), smart contracts, the Company’s stablecoin (sgUSD), and a proprietary electronic health wallet (EHW), Solum Global provides a seamless solution that addresses the significant challenges inherent in the U.S. healthcare industry. For more information, visit  www.solum.global.

    About Life2, Inc.
    Life2’s core Intellectual Property utilizes deep domain expertise in the use of AI, machine learning, large-scale data sets, and advanced analytics to address complex market needs that cannot be addressed by human problem-solving. Specializing in outcome analytics – proprietary technology that sits at the apex of data analysis, Life2 aggregates, organizes, and analyzes data to provide continuous, real-time, per-person, and per-event risk and intervention analysis that optimizes desired future outcomes. Outcomes can be financial, operational, clinical, or any other type of target metric across all sectors of the healthcare market. For more information, visit https://www.life2inc.com/.

    Forward-Looking Statements 
    Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws.  Words such as “may,” “might,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements.  These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release.  These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the Securities and Exchange Commission. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

    Contacts:

    Investor Relations
    Hanover International
    ka@hanoverintlinc.com

    Media Contact
    media@solum.global

    The MIL Network –

  • MIL-OSI: Everything Blockchain, Inc. Announces 3 Million Share Reduction, Strengthening Shareholder Value

    Source: GlobeNewswire (MIL-OSI)

    Jacksonville , Feb. 06, 2025 (GLOBE NEWSWIRE) —

    Everything Blockchain, Inc., (OTCMKTS: EBZT), a company focused on the intersection of AI, blockchain, and cryptocurrency, today announced the cancellation of 3 million shares of its common stock, representing nearly 10% of its total shares outstanding.

    This strategic reduction underscores the company’s commitment to disciplined capital management and long-term shareholder value creation.

    “We are pleased to announce the cancellation of 3 million shares of common stock, a significant step in strengthening our capital structure and reinforcing our commitment to shareholders,” said Arthur Rozenberg, CEO of Everything Blockchain, Inc.

     “Building value in a public company requires not only a strong business model and revenue strategy but also responsible financial stewardship. This reduction reflects our proactive approach to optimizing our share structure.”

    The company identified and executed the cancellation through a detailed review of its capital structure, negotiating terms that align with its overarching goal of enhancing shareholder value.

    “We remain steadfast in executing our business plan with a focus on profitable growth and disciplined capital allocation,” Rozenberg added.

    “This action is part of our broader strategy to ensure financial integrity, maximize shareholder returns, and position Everything Blockchain for long-term success.”

    Everything Blockchain will continue to assess its capital structure as part of its commitment to delivering sustainable value to shareholders.

    About Everything Blockchain Inc.

    Everything Blockchain, Inc. (OTCMKTS: EBZT) focuses on identifying key challenges and opportunities in AI, blockchain, and cryptocurrency. The company is dedicated to investing in and innovating solutions that empower investors and advance global industries. For more information, visit https://www.ebzt.info/

    Forward-Looking Statements

    This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of blockchain based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. 

    Contact:

     Arthur Rozenberg

    CEO, Everything Blockchain, Inc.

    arthur.rozenberg@everythingblockchain.io

    The MIL Network –

  • MIL-OSI: WISeSat.Space Announces New 2025 Satellite Launches with Post-Quantum-Ready Technology

    Source: GlobeNewswire (MIL-OSI)

    WISeSat.Space Announces New 2025 Satellite Launches with Post-Quantum-Ready Technology

    Next launch will include SEALCOIN PoC to Enable Decentralized Satellite-IoT M2M Transactions Using Hedera DLT

    Geneva, Switzerland – February 6, 2025 – WISeKey International Holding (“WISeKey” or the “Company”) (NASDAQ: WKEY; SIX: WIHN), a leading global cybersecurity, AI, and IoT company, today announced that its subsidiary, WISeSat has released the satellite launches schedule for 2025, marking a major advancement in secure satellite-based IoT communications.

    The next confirmed launch is scheduled for June 2025 with SpaceX, deploying next-generation WISeSat satellites designed with post-quantum-ready security to protect against future cyber threats, followed by another one in October and a third one in December. This launch series serves as a proof of concept, integrating WISeKey’s trusted Root of Trust with SEALSQ’s cutting-edge Post-Quantum Chips, ensuring unmatched cybersecurity resilience in an evolving digital landscape. These satellites also incorporate incremental technology derived from the SEALSQ quantum roadmap, leveraging innovations from SEALSQ’s partner and startup investment program to enhance security, performance, and efficiency.

    The WISeSat constellation continues to expand, offering real-time, ultra-secure connectivity for IoT devices across industries worldwide. In response to the escalating cyber risks posed by quantum computing advancements, WISeSat reinforces WISeKey’s commitment to pioneering a resilient cybersecurity infrastructure.

    Carlos Moreira, Founder and CEO of WISeKey, emphasized the importance of this initiative noted, “These new launches represent a major step forward in securing IoT communications for the future. By integrating SEALSQ’s Post-Quantum Chips with WISeKey’s trusted Root of Trust, we are ensuring that WISeSat remains a leader in satellite cybersecurity. Our goal is to provide a quantum-resistant, globally connected IoT ecosystem that meets the security challenges of tomorrow.”

    As the satellite IoT communications division of WISeKey, WISeSat was established to meet the growing demand for secure, real-time IoT connectivity across critical industries, including logistics, agriculture, energy, and infrastructure management. WISeSat was established as part of WISeKey’s broader strategy to provide security in the era of quantum computing. Traditional IoT networks face increasing vulnerabilities, and WISeSat addresses these risks by delivering a global, satellite-based solution that combines secure connectivity with post-quantum cryptographic protection.

    Building on the success of its prior missions, WISeKey is preparing multiple WISeSat deployments throughout 2025, which will:

    • Expand the WISeSat satellite network to increase coverage, bandwidth, and redundancy.
    • Integrate AI-driven analytics for enhanced security monitoring and real-time data processing.
    • Develop hybrid terrestrial-satellite solutions to ensure seamless, ultra-secure IoT connectivity.

    WISeSat.Space AG is at the forefront of secure IoT connectivity and climate change monitoring, leveraging advanced satellite technology to deliver cost-effective, secure global communications. The WISeSat constellation supports key applications such as environmental monitoring, disaster management, and sustainable development. By integrating satellite-generated data with advanced climate models, WISeSat plays a crucial role in improving environmental intelligence and developing strategies to combat climate change.

    As the cyber and environmental landscapes continue to evolve, initiatives like WISeSat’s IoT satellite constellation will be critical in shaping a more resilient, secure, and sustainable future. With multiple launches planned for 2025, including the next confirmed mission with SpaceX in June, WISeKey remains at the forefront of securing the IoT ecosystem through space-based technology, leading the way toward a quantum-secure digital world.

    The June launch will include a PoC that will demonstrate SEALCOIN’s groundbreaking potential to facilitate decentralized space transactions in the growing Internet of Things (IoT) ecosystem. Leveraging the SEALCOIN platform, the PoC will enable satellite-initiated transactions to IoT devices without human intervention. The tokens, based on Hedera Decentralized Ledger Technology (DLT), ensure secure, transparent, and tamper-proof exchanges, driving the creation of a scalable Transactional IoT (t-IoT) infrastructure.

    In June, SEALSQ will launch a Proof of Concept (PoC) showcasing SEALCOIN’s transformative potential in decentralized space transactions within the expanding Internet of Things (IoT) ecosystem.

    • The PoC will enable satellite-initiated transactions with IoT devices without human intervention, establishing a seamless, autonomous data and value exchange mechanism.
    • SEALCOIN tokens, built on Hedera’s Decentralized Ledger Technology (DLT), ensure secure, transparent, and tamper-proof transactions.
    • This initiative will pave the way for a scalable Transactional IoT (t-IoT) infrastructure, enhancing efficiency and security in space-based IoT communications.

    This breakthrough aims to redefine machine-to-machine (M2M) transactions in sectors like smart cities, logistics, and remote sensing, opening new possibilities for secure, decentralized IoT applications beyond Earth.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network –

  • MIL-OSI: LPL Financial Welcomes Jackson/Roskelley Wealth Advisors

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 06, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Jared Roskelley, CFP®, and Kyle Robertson, CFP®, of Jackson/Roskelley Wealth Advisors have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately $345 million in advisory, brokerage and retirement plan assets* and join LPL from Ameriprise.

    Based in Scottsdale, Ariz., Jackson/Roskelley Wealth Advisors was founded on the principles of integrity, insight and independence. Founder Bob Jackson started the firm in 1994, bringing Roskelley on board as a shareholder in 2006 after the two struck up a friendship during coursework for CFP® certification. Roskelley later became president and CEO, allowing Jackson to successfully transition into retirement. Robertson joined the practice in 2015 and now serves as managing director and represents the third generation of ownership for Jackson/Roskelley Wealth Advisors.

    “We offer investment strategies, financial planning and goals-based advice to help clients feel more confident about their financial future,” said Roskelley, who learned early on about the complexities of finance from his father, a tax and insurance specialist. “We focus on the comprehensive nature of financial planning to integrate investments, risk tolerance, estate planning and tax strategies into a singular, personalized plan for each client.”

    Looking to get back to their true independent roots, the advisors turned to LPL for the next chapter of their business.

    “From Day One, we’ve always valued independence and entrepreneurship,” Roskelley said. “By moving to LPL we have more control of our destiny and the power to do what’s in our clients’ best interests. We appreciate that LPL does not offer proprietary investment products, and we also believe clients will benefit from LPL’s industry-leading, integrated technology that allows them to access all their account information with a single login.”

    Staying involved in the community is a priority for both advisors. Roskelley is in the Boy Scouts of America Scoutmaster Hall of Fame (Mesa District) and previously served as director of programming for the Financial Planning Association of Greater Phoenix. Robertson is also active in his community, serving as president of his school’s parent-teacher organization and athletic committee while also coaching multiple youth sports leagues.

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Jared and Kyle to the LPL community. LPL is committed to delivering innovative capabilities and strategic resources that make it easier for advisors to manage their practices, accelerate their business and build long-term value with their clients. We look forward to supporting Jackson/Roskelley Wealth Advisors for years to come.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 29,000 financial advisors and the wealth management practices of 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker dealer, member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Jackson/Roskelley Wealth Advisors and LPL are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated as reported to LPL

    Media Contact: 
    Media.relations@LPLFinancial.com 
    (704) 996-1840

    Tracking #688390

    The MIL Network –

  • MIL-OSI: RentRedi Named to HousingWire’s Tech100 List

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) —  RentRedi, the fastest-growing all-in-one property management software that makes renting easy for both landlords and renters, has been named to HousingWire’s 2025 Tech100 Real Estate list. The award recognizes RentRedi as one of the most innovative and impactful companies transforming the real estate industry by driving efficiency and accessibility to the renting process, and reshaping how landlords and real estate investors operate and serve their tenants.

    “We are honored to be endorsed as a top technology in real estate by HousingWire,” said RentRedi Co-founder and CEO Ryan Barone. “This award validates RentRedi’s efforts to provide convenience and ease of use, helping real estate investors grow their rental businesses by removing the time constraints and geographic barriers of property management for landlords, while also improving the lives of their tenants.”

    RentRedi’s comprehensive online and mobile app enables landlords to manage their properties remotely from anywhere in the world using their phone or any mobile or desktop computer by automating everything that goes into managing a rental property, from listings, tenant screening, and lease signing to rent collection, 24/7 maintenance coordination, and accounting. Landlords who use RentRedi have more time to spend on high value activities such as nurturing tenant relationships, investing in home improvement projects, and scouting new investment opportunities to grow their rental businesses.

    Scaling with RentRedi not only requires less effort, but also less cost, because RentRedi offers unique flat pricing subscriptions that do not increase as investors scale their portfolios. Landlords can add an unlimited number of properties, units, tenants, and users to their account with no increase to their subscription rate. Other perks and benefits, specifically accelerated 2-day funding and same-day settlements, are also included in RentRedi’s flat rate pricing and do not require a premium subscription—an industry-first feature.

    Although RentRedi caters to independent landlords, it was initially conceived as a tenant app, and many features continue to be specifically designed with tenants in mind. For example, RentRedi offers a Credit Boost feature that enables tenants (or their landlords) to report on-time payments to all three credit bureaus so that they can boost their credit scores. RentRedi also offers tenants the option to set up automatic payments, purchase renters insurance, and take advantage of special perks and discounts to hundreds of local and national companies from groceries and home decor to storage and pet insurance.

    “Technology is at the core of progress in the housing industry,” said Clayton Collins, CEO of HW Media. “The companies recognized in this year’s Tech100 awards are leading innovation and delivering real-world impact to drive faster and more efficient processes.”

    RentRedi’s impact on the rental industry is proven and backed by data. According to data collected between January 2020 and August 2024, units with at least one tenant using RentRedi’s autopay feature reported on-time rent payments 99% of the time. The success of RentRedi’s tenant screening feature has also been quantified, showing that tenants who underwent tenant screening via the RentRedi platform paid rent on time about 90% of the time.

    Furthermore, RentRedi data shows that landlords are likely to see a 13% jump in on-time rent payments when using the RentRedi Credit Boost feature. Rental units with tenants who have “poor” to “fair” credit scores (in the 300-669 range) yield on-time rent payments at a rate of 93% when using the credit-boosting feature.

    Now in its 6th year, HousingWire’s Tech100 Real Estate program provides a trusted resource for real estate professionals, showcasing the industry’s top technology providers. The award recognizes companies like RentRedi that are solving real-world challenges, delivering cutting-edge solutions, and helping real estate professionals navigate an evolving market.

    About RentRedi

    RentRedi offers an award-winning, comprehensive property management platform that simplifies the renting process for landlords and renters by automating and streamlining processes. Landlords can quickly grow their rental businesses by using RentRedi’s all-in-one web and mobile app to collect rent, list and market vacancies, find and screen tenants, sign leases, and manage maintenance and accounting. Tenants enjoy the convenience and benefits of RentRedi’s easy-to-use mobile app that allows them to pay rent, set up auto-pay, build credit by reporting rent payments to all three major credit bureaus, prequalify and sign leases, and submit 24/7 maintenance requests.

    Founded in 2016, RentRedi is VC-backed and a proven leader in the PropTech market. The company ranks No. 180 on the Inc. 5000 list and No. 12 on the Inc. 5000 Regionals list. It was also named an Inc. Power Partner in 2023 and 2024, and to Fast Company’s Next Big Things in Tech list in 2024, and to HousingWire’s Tech100 list in 2025. To date, RentRedi has more than $28 billion in assets under management with nearly 200,000 landlords and tenants using the platform. The company partners with technology leaders such as Zillow, TransUnion, Experian, Equifax, Realtor.com, Lessen, Thumbtack, Plaid, and Stripe to create the best customer experience possible. For more information visit RentRedi.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/50e1b104-a11f-4848-936e-9bfb0a383b29

    The MIL Network –