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Category: GlobeNewswire

  • MIL-OSI: Internet Safety Labs Awarded $500K Grant to Advance Research into Privacy Risks and Dark Patterns in Kids’ Apps

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 06, 2025 (GLOBE NEWSWIRE) — Internet Safety Labs, a non-profit organization dedicated to independent software product safety testing, has been awarded a $500,000 grant from the Internet Society Foundation to further its critical work in enhancing the safety and privacy of children’s data. This funding will support the organization’s latest initiative, “Measuring Safety Risks in Kids’ Apps Part III: Privacy and Dark Patterns.” This is the third grant received by Internet Safety Labs (ISL) from the Internet Society (ISOC) Foundation.

    The new report will focus on advancing research and developing auditing techniques to uncover and address:

    • “Dark” or “Deceptive” user interface (UI) patterns designed to manipulate children within apps, including patterns that foster addiction.
    • Observable app security risks that threaten the safety of kids’ digital experiences.
    • Privacy risks by enhancing the existing safety labels to include more details of what data is being collected and who it’s being shared with.

    “This grant represents ongoing and strong support for our work of holding the tech industry accountable through transparency,” said Lisa LeVasseur, executive director of Internet Safety Labs. “Surgeon General Murthy highlighted last year the need to better label the innate risks in social media apps. Funds from the ISOC Foundation will allow us to provide just such a label.”

    Support from the ISOC Foundation has been instrumental in ISL’s previous accomplishments within the realm of K-12 edtech safety. This includes the 2023 launch of its App Microscope safety labels, a groundbreaking free resource designed to help people understand the potential risks of mobile apps used in schools, and the release of its “2022 K-12 Edtech Safety Benchmark – Part 1, 2, and 3.” The initial report made headlines for its findings that nearly all school apps (96%) share children’s personal information with third parties, 78% of the time with advertising or monetization entities.

    “We are proud to continue partnering with Internet Safety Labs to improve child safety and privacy online,” said Maiko Nakagaki, senior program officer at ISOC Foundation. “ISL’s efforts underscore our shared goal to ensure that the Internet is open, connected, secure and trustworthy for all.”

    Internet Safety Labs invites experts, business leaders and individuals interested in advancing standards for software product safety and ethical Internet practices to visit its website to learn more about how to work with ISL.

    About Internet Safety Labs
    Internet Safety Labs (ISL) is the world’s first independent product safety tester for digital technology. Through rigorous safety audits of websites and mobile apps, we identify and document invisible safety risks that impact millions of users. Our comprehensive open safety standards and automated testing infrastructure enable systematic evaluation of data privacy, harmful user interfaces, and policy transparency. As a 501(c)(3) nonprofit, we empower consumers with standardized safety labels while providing regulators and policymakers with evidence to drive meaningful industry change. We’re creating a more trustworthy digital world by establishing precedent for independent oversight and accountability. For more information, visit https://internetsafetylabs.org/.

    About The Internet Society Foundation:
    The Internet Society Foundation exists to support the positive difference the Internet can make to people everywhere. It promotes the development of the Internet as a global technical infrastructure, a resource to enrich people’s lives, and a force for good in society.

    PR Contact:
    Sherlyn Rijos-Altman
    Montner Tech PR
    srijos@montner.com

    The MIL Network –

  • MIL-OSI: ConnectWise and IT Nation Launch 2025 PitchIT Accelerator Program Fueling Startup Innovation: Applications Open Now

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) — IT Nation, a global community of peers, thought leaders, and experts dedicated to elevating the IT ecosystem to new heights, today announced the launch of its PitchIT™ accelerator program, a prestigious worldwide competition dedicated to incubating growth among ConnectWise’s startup integration partners in the MSP space.

    Now in its seventh year, ConnectWise PitchIT has attracted over 150 participants, with this year’s competition set to be the largest yet. Applicants participate in a 16-week business transformation course, receiving mentorship from industry experts covering sales, marketing, branding and messaging, product security, and pitch development. Their progress is evaluated by industry-leading judges, vendors, and podcasters across various MSP communities. Three finalists are chosen and then paired with a dedicated coach to refine their pitch before presenting it live at IT Nation Connect 2025, taking place in Orlando, Florida in November.

    “At ConnectWise, we are committed to three core promises to our partners: making it easier to do business with us, investing in partner growth, and driving more innovation, faster,” said Manny Rivelo, CEO at ConnectWise. “That’s exactly what PitchIT is all about—giving companies a chance to create solutions that integrate with our platform and make our partners’ businesses more efficient, profitable, and secure. With this program, we empower our partners with tools that enhance their efficiency, profitability, and security, reinforcing our dedication to their success and ensuring we remain a partner they can grow with.”

    The PitchIT accelerator program is a testament to ConnectWise and IT Nation’s commitment to helping MSPs discover new, innovative solutions while giving vendors the tools to grow. In addition to mentorship, resources, and passes to IT Nation Connect, contestants gain access to ConnectWise’s extensive network of 45,000+ partners. With ConnectWise partnerships generating over 1 million impressions annually, contestants benefit from unmatched visibility and industry reach.

    “We’re thrilled to see the PitchIT program continue to reach new heights, with more global applicants and an increasingly competitive contest every year,” stated Sean Lardo, VP of Communities at IT Nation. “This program isn’t just about growth. It’s about innovation that truly transforms the MSP community. By working closely with participants, ConnectWise and IT Nation provide the tools, resources, and expert support they need to create game-changing solutions that allow our partners to grow. We’re proud to play a role in their journey and can’t wait to see the impact this year’s participants are bound to make!”        

    ConnectWise offers global opportunities for startups and emerging companies in the MSP industry, whether in EMEA, APAC, or the Americas. With customized regional support, access to a network of over 45,000 partners worldwide, and comprehensive empowerment and support, ConnectWise helps entrepreneurs achieve product-market fit and gain traction in their local and global markets. Additionally, the company’s global network and marketplace link businesses with potential users and new opportunities, fostering expansion and entry into untapped markets.

    “The PitchIT program and cohort were instrumental in launching ThreatMate into the Managed Service Provider market. We not only got great exposure from PitchIT events and podcasts but also hands-on coaching from the community of experienced MSP professionals PitchIT brought to bear week in and week out,” said ThreatMate CEO Anup Ghosh. “Today we are also proud to announce a $3.2M seed round led by Top Down Ventures with Runtime Ventures and Blu Ventures participating. Without a doubt, being part of the PitchIT cohort helped separate us from the pack of early-stage companies.” 

    ConnectWise actively encourages participation from every continent. There is no cost associated with applying and no cost if accepted. ConnectWise is awarding $100,000 in grant award money to the top 2 finishers ($70,000 for 1st place, $30,000 for 2nd). Interested participants can submit their applications online until April 30.

    ThreatMate is an AI-powered cybersecurity startup revolutionizing attack surface management for Managed Service Providers (MSPs). See www.threatmate.com for more information.

    To learn more about the PitchIT Accelerator Program and apply, please visit https://www.connectwise.com/theitnation/pitchit.

    About IT Nation

    The IT Nation is a vibrant and inclusive community that brings together the brightest minds from Managed Solution Providers (MSPs) and IT channel vendors worldwide. Our shared culture, rooted in the Go-Giver philosophy, enables us to harness collective wisdom for mutual growth. Our mission is to empower individuals who align with this worldview by providing purpose-built tools and success frameworks. These resources are designed to help our members define goals, create strategic plans, and execute with precision. At IT Nation, we are dedicated to cultivating an environment where innovation, education, planning, accountability, and celebration serve as the pillars of success. The IT Nation inspires excellence, collaboration fuels advancement, and shared success drives us toward our mission: Wise Together, Rise Together. Learn more at www.connectwise.com/theitnation.

    Media Contact

    Keith Giannini
    Inkhouse for ConnectWise
    connectwise@inkhouse.com

    The MIL Network –

  • MIL-OSI: UnitedLex Partners with Infinnium to Elevate Cyber Incident Response Services with Cutting-Edge Information Governance and Data Protection Tools

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) — UnitedLex, a leading tech-enabled legal services company specializing in incident response, litigation, intellectual property, and legal operations, with decades of experience serving clients facing complex investigations related to cybersecurity incidents, today announces it has partnered with Infinnium, integrating their comprehensive Information Governance & Data Protection solution as an enhancement to the company’s Cyber Incident Response services.

    Infinnium’s purpose-built, AI-powered platform, combined with UnitedLex’s Incident Response data mining expertise, revolutionizes breach response with unmatched speed, precision, and efficiency. By eliminating error-prone handoffs and redundant data copies, UnitedLex delivers clients faster, more accurate insights—while significantly reducing costs and mitigating risks.

    “Our clients expect speed, accuracy, and security in their incident response efforts,” said Renee Meisel, CEO of UnitedLex. “The innovative AI tools that Infinnium has created, joined with UnitedLex’s optimized process workflows and top-tier professional services give our clients faster insight into their data, allowing for early assessments of matters with faster and more accurate reporting of potential timelines and budgets.”

    Infinnium’s solution integrates seamlessly into UnitedLex’s robust Cyber Incident Response framework, ensuring:

    • Accelerated Breach Reviews: Streamlined processes reduce response times, providing faster insights and outcomes.
    • Seamless Investigation Management: One unified platform eliminates redundancies and enhances data accuracy.
    • Cost-Effectiveness at Scale: Optimized workflows and automated tasks reduce operational costs while maintaining compliance and quality.

    “UnitedLex’s leadership in this space aligns perfectly with Infinnium’s proven experience in simplifying and securing data-driven processes such as data breach review,” said Doug Kaminski, Chief Revenue Officer, Infinnium. “Together, we’re delivering an unparalleled, AI-driven solution that addresses the complexities of modern data challenges.”

    Experts from UnitedLex and Infinnium will be demonstrating their Cyber Incident Response services at the NetDiligence Cyber Risk Summit from February 10-12 in Miami. For more information about how UnitedLex is helping clients respond and determine the best path forward in the early and critical timeframes of an incident, visit https://unitedlex.com/incident-response/.

    About UnitedLex
    UnitedLex is the preeminent business partner for legal delivering services that achieve value and drive growth for corporate legal departments and law firms in the areas of litigation and investigations, intellectual property, legal operations, and incident response.

    Founded in 2006, we co-create solutions that mitigate risk, drive revenue, and optimize business investment—transforming the legal function into a catalyst for success. Our team of 3,000+ legal and business professionals, data analysts, technologists, and engineers supports our clients from operational centers around the world.

    About Infinnium
    Infinnium is a pioneer in Information Governance and Data Protection, offering advanced solutions for breach response, DSAR management, and investigation workflows. Infinnium’s platform empowers organizations to navigate complex data environments with speed, accuracy, and confidence. 

    Press Inquiries:
    Susan Hammann
    Director, Strategic Communications
    press@unitedlex.com

    The MIL Network –

  • MIL-OSI: NANO Nuclear Energy Engages aRobotics Company and Commits to Multimillion Dollar Investment to Build Out its New Advanced Demonstration Facility

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., Feb. 06, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has engaged aRobotics Company, a leading innovator in robotics fabrication, inspection, engineering and testing, to oversee the multimillion dollar build out of NANO Nuclear’s recently announced demonstration facility in Westchester County, New York. aRobotics will also assist NANO Nuclear with the fabrication of key components for the demonstration facility.

    Under the agreement, following completion of the facility’s retrofitting, aRobotics Company will manage the construction of certain non-nuclear elements crucial to the design and operation of NANO Nuclear’s four reactors in development: ZEUS, ODIN, LOKI MMRTM and KRONOS MMRTM. This includes leading the development and fabrication of custom sensors and equipment needed to evaluate demonstration components. Additionally, aRobotics will support NANO Nuclear’s ongoing SBIR Phase III project for its Annular Linear Induction Pump (ALIP) technology, a key enabling technology within NANO Nuclear’s suite of advanced nuclear energy systems.

    “We are delighted to work alongside NANO Nuclear and its management team to deliver a sophisticated demonstration facility for the company,” said Akaash Kancharla, Chief Executive Officer of aRobotics Company. “Though microreactors rely on fission processes to generate energy, there are numerous non-nuclear components which are critical to the operation of these energy systems. The experience we’ve gained through our extensive engineering work with the Department of Defense and large defense prime contractors will be instrumental as we support NANO Nuclear in advancing its next phase of reactor development.”

    Figure 1 – NANO Nuclear Energy Engages aRobotics Company to Oversee the Retrofitting of its Advanced Demonstration Facility in Westchester County, New York and Lead the Fabrication of Non-Nuclear Components for its Suite of Energy Systems.

    aRobotics develops, fabricates, and operates advanced robotic systems for inspecting and testing critical infrastructure in both civilian and defense contexts. The company has been recognized with multiple honors, including the NATO DIANA Challenge, the NYC Department of Building Challenge, active contracts with all major branches of the U.S. Military (including nearly 20 SBIR awards), and the Propel by MIPIM Startup Competition. aRobotics designs, develops and fabricates its suite of engineering robotics and provides materials testing solutions in-house at its own facilities. With numerous filed, published, and issued patents in the United States and internationally, aRobotics delivers cutting-edge solutions that ensure the structural integrity of significant assets and is routinely used on large infrastructural projects across the nation from interstates to skyscrapers. Building on its extensive deep technology engineering experience, aRobotics delivers cutting-edge, mission-ready solutions with reliability, efficiency, and innovation.

    “We are thrilled to engage aRobotics Company, whose proven track record in meeting stringent quality standards makes them an ideal partner,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “Their extensive track record, particularly their work with the U.S. Department of Defense, give us confidence in their ability to manage the design and construction of our new demonstration facility as well as oversee the fabrication of certain key components such as the ALIP technology, ensuring we continue on a clear path toward demonstration and eventual commercialization.”

    “We are very pleased to partner with aRobotics Company on this phase of our development,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “In addition to overseeing the final build out of our new demonstration facility, aRobotics will play a pivotal role in fabricating and refining essential non-nuclear components that support our reactor energy systems. Their efforts will complement our technical teams’ work, helping to accelerate design development and maintain the highest standards of safety and performance for our reactors.”

    About NANO Nuclear Energy, Inc.

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

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

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

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

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

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

    For further NANO Nuclear information, please contact:
    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

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

    Attachment

    The MIL Network –

  • MIL-OSI: Fortinet Delivers Unmatched Security and Efficient Network Performance for the Distributed Enterprise with New Next-Gen Firewalls

    Source: GlobeNewswire (MIL-OSI)

    News Summary

    SUNNYVALE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) — Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the FortiGate 70G, FortiGate 50G, and FortiGate 30G, the latest G series next-generation firewalls (NGFWs) designed to meet the evolving technology and business demands of today’s distributed enterprises. Powered by Fortinet’s proprietary ASIC technology and the unified Fortinet operating system, FortiOS, the FortiGate G series delivers industry-leading security with unmatched performance. These features, combined with advanced networking support and FortiGuard AI-Powered Security Services, reduce the risk of successful cyberattacks and allow customers to future-proof IT infrastructure while minimizing operational costs and environmental impact.

    “For nearly 25 years, we have set the standard for fortifying enterprise networks,” said Nirav Shah, Senior Vice President, Products and Solutions at Fortinet. “By completing the FortiGate G series with the latest ASIC and FortiOS innovation, we give distributed enterprises cutting-edge tools like AI-powered security services and GenAI for network and security operations centers without compromising performance or sustainability needs. Our customers trust that Fortinet will continue redefining the standard for next-generation firewalls by delivering superior security effectiveness, greater energy efficiency, and unmatched performance for years to come.”

    FortiGate G Series: Industry-Leading Performance with AI-Powered Security
    Today’s enterprises are under pressure to scale operations, secure expanding attack surfaces, and manage increasingly sophisticated cyberthreats while reducing costs and maintaining efficiency. The FortiGate G series is engineered to meet these demands, offering:

    • Cutting-edge security with unmatched power efficiency: The FortiGate G series delivers superior protection without compromising performance. For example, the new FortiGate 70G delivers up to 11x higher IPsec VPN and 7x higher firewall throughput than the industry average while consuming 62x fewer watts per Gbps of IPsec VPN throughput and 42x fewer watts per Gbps of firewall throughput.
    • Faster identification, containment, and mitigation of threats: FortiGuard AI-Powered Security Services provides real-time, automated threat detection and response to defend against advanced ransomware, malware, and zero-day exploits.
    • FortiAI for enhanced cybersecurity operations: FortiAI, the Fortinet generative AI assistant, helps automate tasks, provides actionable insights, and improves threat detection. FortiGate customers can use FortiAI to support incident analysis, threat remediation, and playbook creation, empowering them to streamline security processes and strengthen their cybersecurity posture.

    The power of the new FortiGate G series and FortiGuard AI-Powered Security Services is showcased in the below Security Compute Rating tables, which compare the top firewalls on the market against the target performance numbers of the FortiGate 70G, FortiGate 50G, and FortiGate 30G:  

    FortiGate 70G

    Specification FortiGate
    70G    		 Security Compute Rating Competitor Average Check Point 1555 Cisco Meraki
    MX68    		 Juniper
    SRX 300    		 Palo Alto Networks
    PA-410
    Firewall (Gbps) 10.0 7x 1.5 2.0 0.7 1.9 1.4
    IPsec VPN (Gbps) 7.1 11x 0.7 1.3 0.4 0.3 0.7
    Threat Protection (Gbps) 1.3 3x 0.5 0.6 0.4 0.2 0.8
    Concurrent Sessions 1.4M 4x 376K 1M – 64K 64K
    Connections per Second 100K 10x 10K 14K – 5K 11K
    Power Efficiency FortiGate
    70G    		 Energy Savings Competitor Average Check Point 1555 Cisco Meraki
    MX68    		 Juniper
    SRX 300    		 Palo Alto Networks
    PA-410
    Max Power Consumption (Watts) 8.9 4x 35.0 17.9 79.0 24.9 18.0
    Watts/Gbps Firewall Throughput 0.9 42x 36.9 9.0 112.9 13.1 12.9
    Watts/Gbps IPsec VPN Throughput 1.3 62x 78.1 13.8 197.5 73.2 27.7


    FortiGate 50G

    Specification FortiGate
    50G    		 Security Compute Rating Competitor Average Check Point
    1535    		 Cisco Meraki
    MX67    		 Juniper
    SRX 300    		 Palo Alto Network PA-410
    Firewall (Gbps) 5.0 3x 1.5 2.0 0.7 1.9 1.4
    IPsec VPN (Gbps) 4.5 8x 0.6 1.0 0.4 0.3 0.7
    Threat Protection (Gbps) 1.1 2x 0.5 0.4 0.4 0.2 0.8
    Concurrent Sessions 720K 2x 376K 1M – 64K 64K
    Connections per Second 85K 10x 8.8K 10.5K – 5K 11K
    Power Efficiency FortiGate
    50G    		 Energy Savings Competitor Average Check Point
    1535    		 Cisco Meraki
    MX67    		 Juniper
    SRX 300    		 Palo Alto Networks
    PA-410
    Max Power Consumption (Watts) 8.9 2x 18.7 17.9 14.0 24.9 18.0
    Watts/Gbps Firewall Throughput 1.8 8x 13.7 9.0 20.0 13.1 12.9
    Watts/Gbps IPsec VPN Throughput 2.0 20x 38.6 18.5 35.0 73.2 27.7


    FortiGate 30G

    Specification FortiGate 30G Security Compute Rating Competitor Average Barracudas F12 Cisco Meraki
    Z4    		 SonicWall
    TZ270    		 Watch Guard NV5
    Firewall (Gbps) 4.0 4x 1.0 1.2 0.5 2.0 0.4
    IPsec VPN (Gbps) 3.5 10x 0.4 0.2 0.3 0.8 0.2
    Threat Protection (Gbps) 0.5 1x 0.4 0.2 0.3 0.8 –
    Concurrent Sessions 600K 2x 301K 80K – 750K 73K
    Connections per Second 30K 4x 7.5K 8K – 6K 8.5K
    Power Efficiency FortiGate 30G Energy Savings Competitor Average Barracudas F12 Cisco Meraki
    Z4    		 SonicWall
    TZ270    		 Watch Guard NV5
    Max Power Consumption (Watts) 8.2 4x 29.5 45.0 42.0 18.9 12.0
    Watts/Gbps Firewall Throughput 2.3 41x 96.6 204.5 – 25.2 60.0
    Watts/Gbps IPsec VPN Throughput 16.4 7x 120.3 195.7 140.0 25.2 –
    • Threat protection performance is measured with firewall, IPS, application control and malware protection, and logging enabled.
    • The numbers for competitive solutions are based on publicly available sources. Other vendors may have different testing methodologies.
    • All power consumption values are taken from external data sheets and hardware system guides using maximum power consumption.
    • Performance information is sourced from vendor datasheets published as of February 5, 2025.

    Building a Strong Cybersecurity Platform Starts with the Firewall
    Fortinet was founded on the principle of converging networking and security into a unified cybersecurity platform anchored by a single operating system. The Fortinet Security Fabric is the result of more than two decades of relentless focus on the company’s platform vision to provide customers with end-to-end visibility, unified management, and automated threat intelligence sharing. All FortiGate NGFWs, including the FortiGate G series, seamlessly integrate into the Fortinet Security Fabric so customers can build a secure foundation to advance their overall security measures from adopting secure access service edge (SASE) solutions to enhancing security operations with FortiAI. Fortinet empowers organizations to evolve their cybersecurity strategy, ensuring comprehensive protection and operational efficiency at every stage of their journey.

    Additional Resources

    About Fortinet
    Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

    Copyright © 2025 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

    The MIL Network –

  • MIL-OSI: Innovator Launches QBF, a Bitcoin ETF Providing a 20% Floor* Against Losses with No Cap on the Upside

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 06, 2025 (GLOBE NEWSWIRE) — Innovator Capital Management, LLC (Innovator), pioneer and provider of the first and largest lineup of Defined Outcome ETFs™, today announced the launch of the Innovator Uncapped Bitcoin 20 Floor ETF® – Quarterly (QBF), the first ETF offering uncapped, risk-managed bitcoin exposure.

    Following the launch and record demand for spot bitcoin ETFs — coupled with a new presidential administration signaling greater friendliness towards crypto — investors and financial advisors are looking for opportunities to increase exposure to the emerging asset class, despite concerns of potentially large drops in investment value. QBF is designed to offer investors protection against losses greater than 20%* in bitcoin and uncapped upside with an 80% participation rate over a quarterly outcome period.

    Ticker QBF
    Name Innovator Uncapped Bitcoin 20 Floor ETF® – Quarterly
    Exposure Spot Bitcoin
    Downside Protection 20% Floor*
    Participation Rate 80% Participation Rate (uncapped)
    Outcome Period 3-Months
    Reference Asset Cboe Bitcoin U.S. ETF Index

    The Fund does not invest directly in bitcoin.

    Historically, bitcoin exhibits large swings in price movement — both to the upside and downside over quarterly timeframes. For example, in 2018, bitcoin experienced quarterly losses of 51% in the first quarter and 44% in the fourth quarter. More recently, bitcoin experienced its second worst quarterly loss during the second quarter of 2022, losing nearly 60% of its value. Conversely, bitcoin’s best calendar quarter returns for each year from 2019 to 2024 were 178%, 171%, 103%, 4%, 72%, and 67%. QBF seeks to provide investors with exposure to the upside volatility while mitigating the downside potential.

    “Many investors are intrigued by crypto’s outsized gains and are gravitating towards bitcoin but are wary of losing everything,” said Graham Day, CIO at Innovator. “We brought QBF to market as a solution for advisors who want to offer clients bitcoin’s upside potential while simultaneously capping downside losses. Bitcoin has historically offered an asymmetric return profile, and it was crucial that we not cap upside gains in our efforts to cap downside losses.”

    About Innovator Capital Management, LLC

    Innovator was established in 2017 by Bruce Bond and John Southard, founders of the PowerShares ETF lineup that has grown to be the fourth largest in the world. The listing of three Innovator Buffer ETFs™ in August 2018 marked the launch of the world’s first Defined Outcome ETFs™. Innovator is dedicated to providing ETFs with built-in risk management that offer investors a high level of predictability around their investment outcomes. Today, with more than 130 ETFs and $23 billion in AUM, Innovator is the industry’s leading provider of Defined Outcome ETFs™.

    Media Contact
    Frank Taylor / Stephanie Dressler
    innovator@dlpr.com
    (646) 808-3647

    * Before fees and expenses.

    There is no guarantee the Fund will achieve its investment objective. The Fund has characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see “Investor Suitability” in the prospectus.

    The Fund faces numerous market trading risks, including bitcoin risk, bitcoin ETP risk, Defined Outcome strategy risk, Floor risk, Participation Rate risk, Outcome Period risk, derivatives risk, position limits risk, correlation risk, management risk, market risk, investment in a subsidiary risk, market maker risk, non-diversification risk, operation risk, options risk, trading issues risk, upside participation risk, and valuation risk. For a detailed list of Fund risks see the prospectus.

    The Fund seeks to provide shareholders with investment results that participate in a percentage of any positive price returns of bitcoin (the “Participation Rate”) while pursuing a maximum loss of 20% of any bitcoin price return losses (the “Floor”), before fees and expenses, over the Outcome Period. The Fund provides exposure to bitcoin price returns by investing in FLEX Options that reference one or more exchange-traded products that hold bitcoin directly or that reference the Cboe Bitcoin U.S. ETF Index. The Cboe Bitcoin U.S. ETF Index is a modified market capitalization-weighted index that is designed to track the performance of a basket of bitcoin ETFs listed on U.S. exchanges. The Fund does not directly invest in bitcoin.

    The Fund will not participate in the entirety of gains experienced by the bitcoin price and Fund shareholders will forfeit any gains in the bitcoin price that exceed the Participation Rate. The Participation Rate should be considered before investing in the Fund.

    The Participation Rate is a result of the Fund’s sought-after downside protection and is dependent upon market conditions at the time the Fund enters into its FLEX Options for the Outcome Period and is likely to rise or fall from one Outcome Period to the next. It is possible that the Participation Rate in a subsequent Outcome Period could be substantially lower or higher than the current Participation Rate.

    The Fund will experience the losses of the bitcoin price on a one-to-one basis prior to the Floor. If the Outcome Period has begun and the Fund has increased in value, an investor purchasing shares at that price may experience additional losses prior to the Floor to the extent the price of Shares has appreciated since the commencement of the Outcome Period. An investment in the Fund is only appropriate for shareholders willing to bear those losses.

    The Outcomes may only be realized by investors who hold shares at the outset of the Outcome Period and continue to hold them until the conclusion of the Outcome Period. Investors that purchase shares after the Outcome Period has begun or sell shares prior to the Outcome Period’s conclusion may experience investment returns that are very different from those that the Fund seeks to provide. The Fund will not terminate after the conclusion of the Outcome Period. After the conclusion of the Outcome Period, another will begin. Fund returns for a single Outcome Period will be different than the Outcomes achieved by the Fund over multiple Outcome Periods. There is no guarantee that the Outcomes for an Outcome Period will be realized.

    Bitcoin Investing Risk. The further development of the Bitcoin Network and the acceptance and use of bitcoin are subject to a variety of factors that are difficult to evaluate. The value of bitcoin has been, and may continue to be, substantially dependent on speculation. The slowing, stopping or reversing of the development of the Bitcoin Network or the acceptance of bitcoin may adversely affect the price of bitcoin. Bitcoin is subject to the risk of fraud, theft, manipulation or security failures, operational or other problems that impact the digital asset trading venues on which bitcoin trades. The Bitcoin Blockchain may contain flaws that can be exploited by hackers. Cryptocurrency exchanges have stopped operating and have permanently shut down due to fraud, technical glitches, hackers, or malware. Cryptocurrencies operate without central authority, are not backed by any government, and may experience very high volatility.

    FLEX Options Risk. The Fund will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (OCC). In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Fund could suffer significant losses. Additionally, FLEX Options may be less liquid than standard options. In a less liquid market for the FLEX Options, the Fund may have difficulty closing out certain FLEX Options positions at desired times and prices. The values of FLEX Options do not increase or decrease at the same rate as the reference asset and may vary due to factors other than the price of reference asset.

    The Fund’s investment objectives, risks, charges and expenses should be considered carefully before investing. The prospectus and summary prospectus contain this and other important information, and it may be obtained at innovatoretfs.com. Read it carefully before investing.

    The following marks: Accelerated ETFs®, Accelerated Plus ETF®, Accelerated Return ETFs®, Barrier ETF™, Buffer ETF™, Defined Income ETF™, Defined Outcome Bond ETF®, Defined Outcome ETFs™, Defined Protection ETF™, Define Your Future®, Enhanced ETF™, Floor ETF®, Innovator ETFs®, Leading the Defined Outcome ETF Revolution™, Managed Buffer ETFs®, Managed Outcome ETFs®, Stacker ETF™, Step-Up™, Step-Up ETFs®, Target Protection ETF™, 100% Buffer ETFs™ and all related names, logos, product and service names, designs, and slogans are the trademarks of Innovator Capital Management, LLC, its affiliates or licensors. Use of these terms is strictly prohibited without proper written authorization.

    Investing involves risks. Loss of principal is possible. Innovator ETFs are distributed by Foreside Fund Services, LLC.

    Copyright © 2025 Innovator Capital Management, LLC. All rights reserved.

    The MIL Network –

  • MIL-OSI: Applied Releases Commercial Lines Premium Rate Index Findings for Year-End and Q4 2024

    Source: GlobeNewswire (MIL-OSI)

    Toronto, ON., Feb. 06, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced the final quarter 2023 results of the Applied Commercial Index™, the Canadian insurance industry’s premium rate index. Overall, the magnitude of rate increases was down across all lines relative to average premium renewals in the same quarter last year with 5.02% in Q4 2024, down from 7.55% in Q4 2023. All lines of business saw decreases compared to the same quarter last year.

    Quarter over quarter, Q4 2024 results showed average renewal rate change decreased across all lines of the most commonly placed Commercial Lines categories, including Real Estate Property, Construction, Hospitality Services, and Retail Services, with the exception of Business and Professional Services which experienced a slight quarterly increase.

    Significant findings include:

    • Business and Professional Services: Q4 2024 premium renewal rate change average was 5.48%, up from the Q3 2024 average of 5.30%.
    • Construction, Erection, and Installation Services: Premium renewal rate change average was 4.78% for the quarter, down from the Q3 2024 average of 5.36%.
    • Hospitality Services: Q4 2024 premium renewal rate change average was 3.79%, down from the Q3 2024 average of 5.77%.
    • Real Estate Property: Premium renewal rate change average was 4.59% for the quarter, down from the Q3 2024 average of 5.32%.
    • Retail Services: Premium renewal rate change averaged 6.84%, down relative to the Q3 2024 average of 7.53%.

    “This quarter’s results demonstrate a continued softening of the commercial lines market as premium renewal rates decrease quarter over quarter and compared to the average of last year’s same quarter,” said Steve Whitelaw, senior vice president and general manager, Canada, Applied Systems. “As we enter 2025, we will continue to watch as macro trends, such as increased competition in the commercial lines market, continues to impact rates.” 

    Access the complete quarterly report here.

    # # #

     Applied Commercial Index is a trademark of Applied Systems, Inc. All data is fully anonymized when aggregating and analyzing the Applied Commercial Index.

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

    The MIL Network –

  • MIL-OSI: Traliant elevates workplace safety with new training on psychological safety and workplace violence prevention for healthcare

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) — Traliant, a leader in online compliance training, today announced the launch of two new training courses designed to enhance workplace safety. Psychological Safety at Work and Workplace Violence Prevention for Healthcare empower employers to protect the physical and mental well-being of their employees, enabling them to perform at their best.

    “For employees to bring their best selves to work, they need to feel both psychologically and physically safe,” said Mike Dahir, CEO of Traliant. “Training in these critical areas helps reduce employee stress and fosters positive work environments where individuals feel valued and protected.”

    Organizations that prioritize psychological safety lay the groundwork for innovation, adaptability, and resilience in the face of change. Traliant’s Psychological Safety at Work training helps employees feel confident in expressing diverse viewpoints, challenging assumptions, and taking risks with new ideas — without fear of repercussions — encouraging creativity and innovation.

    Workplace safety is a pressing concern for healthcare workers, who are significantly more likely to experience workplace violence than those in other industries due to stressed patients, frustrated visitors and overwhelmed employees. Traliant’s Workplace Violence Prevention for Healthcare training equips healthcare professionals with the skills to recognize early warning signs of violence, de-escalate tense situations, and protect themselves and others.

    The healthcare course not only helps employers reduce physical and emotional harm to their workforce, but it also ensures compliance with regulatory requirements and industry standards. The course complies with the workplace violence prevention training requirements applicable to specific healthcare employers in Arizona, California, Louisiana, Minnesota, and Texas. Traliant also offers a California version designed to comply with California’s workplace violence prevention law (SB 533/Cal. Lab. Code 6401.9).

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

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

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

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

    Contact
    Reagan Bennet
    traliant@v2comms.com 

    The MIL Network –

  • MIL-OSI: Refinancing of floating rate loans – Totalkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To Nasdaq Copenhagen and the Press 
            

    Refinancing of floating rate loans

    The Nykredit Group has completed the auctions in connection with the refinancing of floating rate loans on 1 April 2025.

    The results of the auctions are shown below. The spreads will be in force until the next refinancing.

      Cibor-loan Cibor-loan Cibor-loan Euribor-loan
    ISIN DK000954829-9 DK000954810-9 DK000954802-6 DK000954799-4
    Reference rate Cibor3M Cibor3M Cibor3M Euribor3M
    Cover pool H (SDO) H (SDO) G (RO) H (SDO)
    Series 32H 32H 32G 32H
    Callable No No No No
    Interest rate cap No No No No
    Auction results        
    Total allotment DKK 11,900 mio. DKK 7,900 mio. DKK 4,600 mio. EUR 500 mio.
    Total bids DKK 21,035 mio. DKK 13,345 mio. DKK 13,195 mio. EUR 899 mio.
    Interest rate spread +0,17% +0,18% + 0,21% +0,54%
    Price 100,20 100,20 100,20 100,20
    Other information        
    Maturity 01-10-2028 01-10-2028 01-10-2027 01-04-2028

    Enquiries may be addressed to Group Treasury, Christian Mauritzen, tel. +45 44 55 10 14.

    Attachment

    The MIL Network –

  • MIL-OSI: Refinancing of floating rate loans – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To Nasdaq Copenhagen and the Press 
           

    Refinancing of floating rate loans

    The Nykredit Group has completed the auctions in connection with the refinancing of floating rate loans on 1 April 2025.

    The results of the auctions are shown below. The spreads will be in force until the next refinancing.

      Cibor-loan Cibor-loan Cibor-loan Euribor-loan
    ISIN DK000954829-9 DK000954810-9 DK000954802-6 DK000954799-4
    Reference rate Cibor3M Cibor3M Cibor3M Euribor3M
    Cover pool H (SDO) H (SDO) G (RO) H (SDO)
    Series 32H 32H 32G 32H
    Callable No No No No
    Interest rate cap No No No No
    Auction results        
    Total allotment DKK 11,900 mio. DKK 7,900 mio. DKK 4,600 mio. EUR 500 mio.
    Total bids DKK 21,035 mio. DKK 13,345 mio. DKK 13,195 mio. EUR 899 mio.
    Interest rate spread +0,17% +0,18% + 0,21% +0,54%
    Price 100,20 100,20 100,20 100,20
    Other information        
    Maturity 01-10-2028 01-10-2028 01-10-2027 01-04-2028

    Enquiries may be addressed to Group Treasury, Christian Mauritzen, tel. +45 44 55 10 14.

    Attachment

    The MIL Network –

  • MIL-OSI: Correction: Agillic A/S publishes preliminary results for 2024 and guidance for 2025 – date changed

    Source: GlobeNewswire (MIL-OSI)

    Announcement no. 02 2025
    Inside information

    Copenhagen – 6 February 2025 – Agillic A/S

    Correction: Date changed to 6 February 2025

    Preliminary results for 2024
    ARR from subscriptions is expected to be DKK 54.3m in 2024, which is 3% below the guidance of DKK 56-60m.
    ARR from transactions is expected to be DKK 11.2m in 2024, which is in line with the guidance of DKK 10-14m.
    Total ARR is therefore expected to be DKK 65.5m in 2024 compared to the guidance of DKK 66-74m.
    As a result of the development in revenue from subscriptions, total revenue is expected to be DKK 60.2m in 2024, which is 3% below the guidance of DKK 62–66m.
    EBITDA is expected to be DKK 1.0m, which is in line with the guidance of DKK 0-2m.

    2024 was a challenging year that led to a reorganisation, reductions in costs and staff, and a redefinition of company focus. In 2025, a new management team is in place focusing on improved sales in core markets, new product offerings and features, and a robust organization.

    Annual Report release
    Please note that figures referenced above are unaudited. The Annual Report 2024 is scheduled to be released on 25th February 2025 followed by a management presentation

    Guidance for 2025
    In 2025, revenue is expected to amount to DKK 60-63m (2024 prelim: DKK 60.2m) with an EBITDA of DKK 5-8m (2024 prelim: DKK 1.0m). ARR from subscriptions is expected to grow to DKK 56-60m (2024 prelim: DKK 54.3m). 

    Financial guidance 2025

    Revenue DKK 60-63m
    EBITDA DKK 5-8m
    ARR Subscriptions DKK 56-60m

    For further information, please contact:
    Christian Samsø, CEO
    +45 24 88 24 24
    Christian.samsoe@agillic.com

    Claus Boysen, CFO
    +45 28 49 18 46
    claus.boysen@agillic.com

    Certified Adviser
    HC Andersen Capital
    Pernille Friis Andersen

    Disclaimer
    The forward-looking statements regarding Agillic’s future financial situation involve factors of uncertainty and risk. which could cause actual developments to deviate from the expectations indicated. Statements regarding the future are subject to risks and uncertainties that may result in considerable deviations from the presented outlook. Furthermore. some of these expectations are based on assumptions regarding future events. which may prove incorrect. Please also refer to the overview of risk factors in the ‘risk management’ section of the annual report.

    About Agillic A/S
    Agillic A/S (Nasdaq First North Growth Market Denmark: AGILC) is a Danish software company offering brands a platform through which they can work with data-driven insights and content to create, automate, and send personalised communication to millions. Agillic is headquartered in Copenhagen, Denmark. For further information, please visit agillic.com.  
      

    Published on 6 February 2025

    Attachment

    The MIL Network –

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

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 06, 2025 (GLOBE NEWSWIRE) — WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today 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 guidance 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 more quickly. The accelerator uses a highly innovative approach that draws Guidewire product definitions directly into Radar’s pricing environment, massively expediting the integration process.

    Market and customer demand for more innovative insurance solutions has increased significantly in recent years. Pricing and underwriting teams have been stretched he 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, commented, “WTW’s integration between Guidewire PolicyCenter and our Radar technology platform will enhance the operational efficiency of our shared clients by reducing implementation time and cost, enabling them to maximize the benefits of Radar. The addition of game-changing speed and accuracy to the pricing process makes it possible to update market pricing in minutes rather than days, weeks, or months, affording insurers a particular 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: WeFi Launches Deobank — the World’s First Decentralized Onchain Bank

    Source: GlobeNewswire (MIL-OSI)

    CHARLESTOWN, Saint Kitts and Nevis, Feb. 06, 2025 (GLOBE NEWSWIRE) —

    WeFi, a Web3 financial ecosystem, announces the launch of its deobank — the first Decentralized Onchain Bank aimed to remove the boundaries between physical payments and the DeFi world. Planning to draw from WeChain’s decentralized ZK Payment Engine capabilities and relying on AI-assisted simplified compliance procedures and AI agents, WeFi’s deobank is committed to channeling innovation into the financial sphere and offering banking services to everyone, including previously disadvantaged populations.

    Unlike the existing neobanks, deobanks as a new category of financial services providers will offer their clients full control over their deposited funds through non-custodial wallets. In the current unstable regulatory environment, account freezes and withdrawal limitations are increasingly becoming the norm, meaning that users frequently lose flexibility in managing their funds or access to their custodial wallets.

    WeFi’s deobank breaks with perpetuating legacy TradFi flaws, fully committed to catering to people who would like but cannot participate in the global financial system. Leaving excessively stringent account opening criteria in the past, deobanks will adapt their regulatory stance to comply where it is needed while leveraging its technology to simplify and streamline KYCs thanks to AI.

    Operating entirely on blockchain, WeFi’s deobank will bypass the outdated banking infrastructure by limiting its ties to traditional financial institutions. Removing intermediaries entirely, WeFi’s deobank creates greater security, reduced operating costs, and enhanced transparency — all while offering better flexibility to adapt to the constantly evolving global or local regulatory environment. Preserving access to fiat money on ramps and off ramps, deobanks as a vertical will mainly rely on stablecoins, making transaction confirmations fast, secure, low-cost, and border-independent.

    WeFi’s deobank plans to adapt to the increasing demands for customers’ flexibility. The modern consumer culture relies on phones, and very few people actually need a plastic card in the times when most payments can be made through Apple Pay and Google Pay.

    “This is not just a new product — it’s a new paradigm in digital banking,” comments Maksym Sakharov, Co-Founder and Group CEO at WeFi. “The rise of neobanks has transformed the way we think about opening a bank account, transferring money, dealing with cross-border payments and exchange rates. But neobanks dropped the ball way too early — and WeFi is here to pick it up. By removing an additional layer of the TradFi limitations, we will be able to make banking more convenient, accessible, and all-encompassing than ever before.”

    Discarding the low APR interest rates for traditional bank deposits and savings accounts, WeFi will offer its customers an opportunity to build meaningful wealth generation through DeFi and Web3 services. Individualized AI agents will adapt to the user’s personal risk aversion profile and preferred investment opportunities, offering advice in navigating the crypto sphere, helping execute trades, and boosting earnings. By purchasing the ITO node, contributors will be able to participate in token minting and offer their computational capacities for network validation and functioning. Shortly after its launch, the product will include options like staking, and participation in liquid pools with more variability to follow with the expansion of the WeFi ecosystem.

    The platform also plans to integrate WeFi’s native token, WFI, rewarding its users for participation in the ecosystem’s decision-making process with fee rebates, higher spending limits on cards, and more.

    About WeFi
    WeFi is the world’s first Deobank – Decentralized Onchain Bank. It leverages Blockchain Technology to simplify DeFi experience while keeping it fast, secure and efficient. On top of all the traditional financial services like virtual cards, loans and asset transfer, WeFi proposes non-custodial accounts and stablecoin earnings powered by AI Agents.

    More information can be found here: Website | X

    Contact

    WeFi
    press@wefi.co

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8d029ec5-2e37-4c96-9229-dfb4ad8eb73b

    The MIL Network –

  • MIL-OSI: Drone Operations Industry Substantially Expanding Usages, Transforming into A Billion Dollar Revenue Opportunity

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Drones play many roles in every region of the globe… and they seem to be utilized in more situations every day! A report from MarketsAndMarkets said that the Commercial Drone market alone is projected to grow from USD 5.32 billion in 2024 to USD 9.34 Billion by 2030. The report added: “Drones are particularly important for inspecting difficult-to-reach locations at certain altitudes or in contaminated surroundings. The use of drones has modernized the telecommunication tower scrutiny as they can be used to carry out supervision of these towers cost-effectively and in less time. Drones can also be employed for aerial evaluation of buildings and other infrastructures, such as pipelines, electric grids, offshore plants, and solar plates. They can use thermal imaging cameras to detect hotspots on solar plates; spots where energy is not spreading evenly. This can enhance the productivity of solar power plants by the instant identification of potentially problematic areas… Drones can be used to deliver medical supplies in difficult terrains. Drones are considered the future of the last-mile delivery for consumer supplies since they will reduce cost per delivery, along with delivery time. As the wages of delivery persons persist to rise, autonomous delivery or human-less services will become gradually advantageous, especially in developed countries… Emerging economies lack access to roads, and this hampers speedy delivery of basic medical supplies such as blood, medicines, vaccines, drugs, etc. Air transportation of these supplies is costly.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), Red Cat Holdings, Inc. (NASDAQ: RCAT), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Safe Pro Group Inc. (NASDAQ: SPAI).

    MarketsAndMarkets continued: “The success of drones in the fields of ecology and environment creates a trust factor that they can also be utilized in public health, especially to deliver medical couriers. The crucial aspect of using drones is that they reduce the travel time for diagnosis and treatment. Drones are a cost-effective replacement for road transportation in challenging terrains. Drones can be used in disaster relief processes for saving victims and delivering food, water, etc., to survivors and rescue teams. As drone technology advances, regulatory bodies globally are proactively shaping clearer and more supportive regulations to facilitate drone operations. This strategic initiative aims to lower operational barriers and enhance safety, thereby accelerating the adoption of drones across various sectors. Enhanced regulatory frameworks are anticipated to unlock significant business opportunities and drive innovation in drone applications.”

    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 flight 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:

    Draganfly Inc. (NASDAQ: DPRO), an award‑winning leader in drone solutions and systems development, recently confirmed through recent sales activities its positioning and preparedness to support the enhancement of border security amid evolving global trade and security uncertainties and shifting geopolitical dynamics. Highlighting recent sales activities with policing agencies, Draganfly continues to strengthen its position to support border security with advanced drone technology solutions.

    “Recent global trade challenges, tariff uncertainties, and security concerns underscore the critical importance of secure borders and resilient supply chains,” said Cameron Chell, CEO of Draganfly Inc. “Our recent sales activities with policing agencies are a testament to our ability and readiness to provide drone technology and services in support of border security solutions.”

    Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently announced that it will host an Investor and Analyst Day on Thursday, February 27 from 11:00 a.m. – 1:00 p.m. eastern time at the Nasdaq MarketSite in New York City.

    The event will feature presentations by Jeff Thompson, Red Cat’s CEO; Geoffrey Hitchcock, Red Cat’s chief revenue officer and other members of the executive leadership team. Robert Imig, Head of USG Research and Development at Palantir Technologies, Inc. (Nasdaq: PLTR) will also present a roadmap for its recently announced strategic partnership with RedCat.

    Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a technology company in the defense, national security and global markets, recently announced that Kratos Unmanned Systems Division successfully executed a multi-week demonstration of its self-driving truck platooning system technology with FPInnovations, a Canadian research and technology organization that assesses, adapts and delivers solutions to Canada’s forest industry’s total value chain.

    The Kratos developed self-driving system “kit”, which enables vehicles to be capable of autonomous driving, was deployed for evaluation in forestry operations in northern Québec, Canada. Deployment of this technology is intended to mitigate driver shortages, improve safety protocols, boost rural economic vitality, and contribute to the development of a regulatory framework for autonomous vehicles. The automated platooning technology performed exceptionally well in the challenging forestry environment and hauled both unloaded and loaded timber trailers. The Kratos system demonstrated precision navigation in automated platooning mode along complex off-pavement roadways with degraded access to GPS, steep grades, severe visibility-limiting dust, sub-freezing temperatures, rain, and under variable day/night/twilight lighting conditions.

    Safe Pro Group Inc. (NASDAQ: SPAI), a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing, recently announced that it has entered into a multi-year Memorandum of Understanding (MOU) with NIBULON Ltd. (NIBULON) to cooperate on addressing Ukraine’s agriculture crisis which has sustained billions in damages and losses due to the ongoing war.

    Safe Pro will provide NIBULON with services and access to SpotlightAI™, its patented hyper-scalable AI-powered drone demining ecosystem running on the Amazon Web Services (AWS) cloud. The collaboration will focus on utilizing AI technology to drastically reduce the time and costs of manually surveying Ukrainian farmland potentially contaminated by landmines and unexploded ordnance (UXO).

    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.

    Contact Information:

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

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: CERo Therapeutics Holdings, Inc. Highlights Progress

    Source: GlobeNewswire (MIL-OSI)

    Increased cash balance and momentum with both Nasdaq and Phase 1 trial initiation mark strong beginning for 2025

    SOUTH SAN FRANSCISCO, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc., (Nasdaq: CERO) (“CERo” or the “Company”) an innovative immunotherapy company seeking to advance the next generation of engineered T cell therapeutics that employ phagocytic mechanisms, provides investors with a corporate update highlighting its improved cash balance following its recent capital raise, steady progress in the initiation of its Phase 1 clinical trial of CER-1236, and a pathway toward maintaining Nasdaq listing.

    CEO Chris Ehrlich commented, “We have had a very strong entry into 2025, which has greatly improved the outlook of the Company from the previous year. As announced, we completed a $5 million financing, which gives us a current cash position of approximately $8 million. We believe this funding will allow us to achieve numerous value-creating milestones in the coming year. In addition, we have also completed the conversion of the majority of our preferred shares into common shares, which significantly improves our cap table moving forward.

    “Further, we have been diligently working with FDA to complete the set-up of operations and processes needed to initiate our Phase I clinical trials of CER-1236 in AML as noted in our communications with the FDA. We have made significant progress with a leading cancer center as our initial trial site and believe we will dose our first patient in the trial during the first half of the year. In addition, we anticipate submitting our second IND to expand and explore CER-1236 into breast and lung cancers in the coming months.

    “Finally, we executed a 100:1 reverse stock split, which enabled us to better position ourselves within the market and move us toward complete Nasdaq compliance. A subsequent meeting with Nasdaq has provided us with the additional time we need and a path forward to achieve that compliance in the near term.

    “CERo has made measurable progress in the last two months, and we believe we are now in a favorable position to progress our business plan, as well as to provide a clear pathway toward shareholder value. We thank our team for its invaluable insight and tireless work, as well as our advisors who have been instrumental in getting us to this moment,” concluded Mr. Ehrlich.

    About CERo Therapeutics Holdings, Inc.

    CERo is an innovative immunotherapy company advancing the development of next generation engineered T cell therapeutics for the treatment of cancer. Its proprietary approach to T cell engineering, which enables it to integrate certain desirable characteristics of both innate and adaptive immunity into a single therapeutic construct, is designed to engage the body’s full immune repertoire to achieve optimized cancer therapy. This novel cellular immunotherapy platform is expected to redirect patient-derived T cells to eliminate tumors by building in engulfment pathways that employ phagocytic mechanisms to destroy cancer cells, creating what CERo refers to as Chimeric Engulfment Receptor T cells (“CER-T”). CERo believes the differentiated activity of CER-T cells will afford them greater therapeutic application than currently approved chimeric antigen receptor (“CAR-T”) cell therapy, as the use of CER-T may potentially span both hematological malignancies and solid tumors. CERo anticipates initiating clinical trials for its lead product candidate, CER-1236, in 2024 for hematological malignancies.

    Forward-Looking Statements

    This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the financial position, business strategy and the plans and objectives of management for future operations of CERo the timing and completion of the reverse stock split, and the acceptance and implementation of its proposed plan of compliance with Nasdaq continued listing standards. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this communication, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When CERo discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, CERo’s management.

    Actual results could differ from those implied by the forward-looking statements in this communication. Certain risks that could cause actual results to differ are set forth in CERo’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, filed on April 2, 2024, and the documents incorporated by reference therein. The risks described in CERo’s filings with the Securities and Exchange Commission are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can CERo assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements made by CERo or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. CERo undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Contact:

    Chris Ehrlich
    Chief Executive Officer
    chris@cero.bio

    Investors:

    CORE IR
    investors@cero.bio

    The MIL Network –

  • MIL-OSI: Richtech Robotics Announces Grand Opening of Clouffee & Tea in Las Vegas

    Source: GlobeNewswire (MIL-OSI)

    Company’s new ADAM-centric food and beverage brand to officially launch at Town Square location with ribbon-cutting ceremony on February 9, 2025

    LAS VEGAS, Feb. 06, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that the grand opening of Clouffee & Tea at Town Square, Las Vegas will take place on February 9, 2025. Clouffee & Tea is the Company’s food and beverage brand centered around its AI-powered robot ADAM. This is the first store of Richtech Robotics’ Clouffee & Tea brand, with additional stores expected to be open soon.

    With ADAM serving as barista, Clouffee & Tea at Town Square will be offering a wide variety of milk teas, coffees, and desserts. Utilizing NVIDIA AI technology, ADAM will detect when customers are present, engage them in conversation, take orders verbally, monitor and adapt to changes in his environment, and craft beverages with high levels of precision and accuracy.

    “Today’s announcement is a major milestone for Richtech Robotics, marking the official launch of our innovative food and beverage brand, Clouffee & Tea. This grand opening highlights our ability to leverage AI-powered robotics to drive real revenue in the hospitality industry, setting a new standard for automation in customer experiences,” said Richtech Robotics’ President, Matt Casella. “Clouffee & Tea at Town Square will be a vibrant destination, delivering an interactive and dynamic experience that perfectly captures the energy and excitement Las Vegas locals and visitors crave.”

    The grand opening at 6587 S Las Vegas Blvd #B187, Las Vegas, NV 89119 will begin at 11:00 am with a ribbon-cutting ceremony.

    Richtech Robotics has deployed over 300 robot solutions across the U.S. including in restaurants, retail stores, hotels, healthcare facilities, casinos, senior living homes, and factories. Current clients include, Texas Rangers’ Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming, and more. 

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the performance of Richtech Robotics’ products.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the performance of ADAM and the success of Clouffee & Tea. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on January 14, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media: 
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    Attachments

    The MIL Network –

  • MIL-OSI: Form 8.3 – AXA INVESTMENT MANAGERS: Loungers plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: AXA Investment Managers S.A.
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		  
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Loungers plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 05 February 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 1p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 0 0.00    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 0 0.00    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/Sale Number of securities Price per unit
    1p ordinary Sale 715,349 GBP 3.25
    1p ordinary Sale 1,500,000 GBP 3.25
    1p ordinary Sale 245,500 GBP 3.25
    1p ordinary Sale 1,507,975 GBP 3.25

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
             

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

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

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

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

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

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

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

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 06 February 2025
    Contact name: Sabrina AID
    Telephone number*: +33 1 44 45 58 79

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

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

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

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

    The MIL Network –

  • MIL-OSI: Agillic A/S publishes preliminary results for 2024 and guidance for 2025

    Source: GlobeNewswire (MIL-OSI)

    Announcement no. 01 2025
    Inside information

    Copenhagen – 5 February 2025 – Agillic A/S

    Preliminary results for 2024
    ARR from subscriptions is expected to be DKK 54.3m in 2024, which is 3% below the guidance of DKK 56-60m.
    ARR from transactions is expected to be DKK 11.2m in 2024, which is in line with the guidance of DKK 10-14m.
    Total ARR is therefore expected to be DKK 65.5m in 2024 compared to the guidance of DKK 66-74m.
    As a result of the development in revenue from subscriptions, total revenue is expected to be DKK 60.2m in 2024, which is 3% below the guidance of DKK 62–66m.
    EBITDA is expected to be DKK 1.0m, which is in line with the guidance of DKK 0-2m.

    2024 was a challenging year that led to a reorganisation, reductions in costs and staff, and a redefinition of company focus. In 2025, a new management team is in place focusing on improved sales in core markets, new product offerings and features, and a robust organization.

    Annual Report release
    Please note that figures referenced above are unaudited. The Annual Report 2024 is scheduled to be released on 25th February 2025 followed by a management presentation

    Guidance for 2025
    In 2025, revenue is expected to amount to DKK 60-63m (2024 prelim: DKK 60.2m) with an EBITDA of DKK 5-8m (2024 prelim: DKK 1.0m). ARR from subscriptions is expected to grow to DKK 56-60m (2024 prelim: DKK 54.3m). 

    Financial guidance 2025

    Revenue DKK 60-63m
    EBITDA DKK 5-8m
    ARR Subscriptions DKK 56-60m

    For further information, please contact:
    Christian Samsø, CEO
    +45 24 88 24 24
    Christian.samsoe@agillic.com

    Claus Boysen, CFO
    +45 28 49 18 46
    claus.boysen@agillic.com

    Certified Adviser
    HC Andersen Capital
    Pernille Friis Andersen

    Disclaimer
    The forward-looking statements regarding Agillic’s future financial situation involve factors of uncertainty and risk. which could cause actual developments to deviate from the expectations indicated. Statements regarding the future are subject to risks and uncertainties that may result in considerable deviations from the presented outlook. Furthermore. some of these expectations are based on assumptions regarding future events. which may prove incorrect. Please also refer to the overview of risk factors in the ‘risk management’ section of the annual report.

    About Agillic A/S
    Agillic A/S (Nasdaq First North Growth Market Denmark: AGILC) is a Danish software company offering brands a platform through which they can work with data-driven insights and content to create, automate, and send personalised communication to millions. Agillic is headquartered in Copenhagen, Denmark. For further information, please visit agillic.com.  
      

    Published on 5 February 2025

    Attachment

    The MIL Network –

  • MIL-OSI: GetUSAMemes.org Achieves an Unprecedented Milestone by $USA’s 90% Supply Burn, Sparking a New Era of Transparency

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) — In the latest news, Get USA Memes is making history with an unprecedented $USA’s 90% supply burn—one that sets a new standard for transparency, investor trust, and long-term sustainability in the crypto space. This move, backed by renowned legal expert Nahla Kamaluddin, Esq., is a deliberate effort to strengthen the $USA ecosystem and ensure accuracy in market valuations.

    Currently, DexScreener and other platforms display an artificially inflated market cap due to a lack of recognition for liquidity locks. While $USA had already committed to locking 80% of its supply for four years, this move was not fully reflected on certain tracking platforms.

    To address this issue, $USA is now permanently burning 90% of its total supply, ensuring that:

    • DexScreener and other platforms will accurately display the true market cap.
    • The remaining tokens will increase in scarcity, enhancing long-term value.
    • Investors will see a transparent and reliable valuation moving forward.

    In addition, Nahla Kamaluddin, Esq., Co-Founder of $USA and a leading authority in crypto and blockchain law has been instrumental in shaping this initiative. As the Founding Attorney of Kamaluddin Law Firm, she brings extensive legal expertise and a proven track record in high-value financial settlements and regulatory compliance. With her guidance, $USA is implementing one of the most significant supply adjustments in recent blockchain history—while maintaining full regulatory integrity.

    By addressing market cap adjustments, this burn will correct the displayed market cap, which currently appears inflated. As an example:

    Before the burn:

    • 20 million tokens circulating
    • $1 million true market cap
    • Price per token: $0.05

    After the burn:

    • 10 million tokens circulating
    • Still a $1 million market cap
    • Price per token: $0.10

    This move is about numbers as well as it’s about ensuring that $USA remains one of the most transparent, strategically positioned tokens in the space. The involvement of Nahla Kamaluddin, Esq., in this initiative underscores $USA’s commitment to legal integrity and best practices in crypto. Furthermore, as the $USA ecosystem evolves, this burn solidifies its foundation for long-term growth, investor confidence, and mainstream adoption.

    Media Contact:
    Websites URL : https://getusamemes.org
    Person Name: Jon Menjivar
    Physical address: 150 Motor Pkwy
    Hauppauge, NY 11788
    Support@getusamemes.org

    Disclaimer: This press release is provided by Get USA Memes. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

    The MIL Network –

  • MIL-OSI: Mixed Martial Arts (MMA) Market is Substantially Growing, Morphing into a Billion Dollar Opportunity

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The mixed martial arts (MMA) equipment market has been substantially growing over the past several years and is projected to continue in the coming years. The increasing public participation, easy availability of advanced training facilities, and the integration of advanced technologies represent some of the key factors driving the market. A report from IMARC Group projected that the global mixed martial arts equipment market size reached USD 1.39 Billion in 2024 and is looking forward to reach USD 2.13 Billion by 2033, exhibiting a growth rate (CAGR) of 4.64% during 2025-2033. The report said: “Mixed martial arts (MMA) refer to a hybrid combat sport that employs various fighting skills and techniques. It is performed using various equipment to facilitate the training or fight, such as a mouth and groin guard, punching bag, gloves, shorts, shin guards, hand wraps, ankle, elbow, and knee pads, and headgear. Amongst these, hand wraps help protect hands during training and fighting competitively, while the headgear is used for sparring to shield the skull from harsh strikes. At present, leading players operating worldwide are launching MMA equipment in various materials, types, and designs. These players are offering customizations to meet the requirements of the consumers and expanding their product portfolio.” Active Companies in the markets today include Mixed Martial Arts Group Limited (NYSE: MMA), Sphere Entertainment Co. (NYSE: SPHR), Meta Platforms, Inc. (NASDAQ: META), Live Nation Entertainment, Inc. (NYSE: LYV), Peloton Interactive, Inc. (NASDAQ: PTON).

    IMARC Group continued: “Presently, the increasing participation of individuals in recreational sports and fitness and athletic activities represents one of the major factors driving the demand for MMA equipment around the world. Moreover, the rising awareness about the health benefits associated with MMA, such as improving heart health, reducing stress, and enhancing the overall strength, and the surging prevalence of chronic diseases on account of sedentary lifestyles, are favoring the market growth. In addition, the growing number of professional training camps and the easy availability of advanced training facilities for fighters are influencing the market positively. Apart from this, the increasing number of fitness centers that offer MMA training is also contributing to the market growth. Furthermore, key players are financing advertising campaigns, such as celebrity and social media influencer endorsements, for improving their profitability. Besides this, the expansion of the e-commerce sector is resulting in the increasing sales of MMA equipment on account of easy equipment availability, flexible payment options, secure transactions, and convenient return policies.”

    Mixed Martial Arts Group Limited (NYSE American:MMA) – MMA.inc on Track to Achieve US$0.75 Million in Warrior Training Program Gross Sales for the March 25 Quarter, Driven by Record-Breaking 200% YoY Growth – Key Highlights:

    • Explosive Growth: Sales have surged 200% year-over-year and are on track to achieve $0.75 Million in Warrior Training Program Gross Sales which is above total gross sales for FY24.
    • Record-Breaking Quarter: With over 750 confirmed sales in Q1 alone, MMA.inc is on the cusp of exceeding its quarterly target of 800 participants, with 7 weeks remaining in the quarter to achieve the target.
    • Revenue Per Participant: Consistent with prior fiscal year averages, each participant has historically generated an average of US$1,004 in gross revenue, reinforcing the program’s strong unit economics.
    • Strategic Expansion: In 2025 the Warrior Training Program is live across 30 gyms spanning the US, Europe, Australia and New Zealand, with new gym partnerships fueling expansion.
    • Additional Revenue Streams: SaaS subscriptions and monthly transaction revenue from the recently acquired Hype and BJJLink platforms are not included in the above Warrior Training Program sales numbers, delivering further upside to MMA.inc revenue over the year.
    • Growing Ecosystem: MMA.inc continues to scale its platform with 5 million social media followers, 530,000 user profiles, 50,000 active students, and 802 active gym partners across 16 countries.

    Mixed Martial Arts Group Limited (“MMA.inc” or the “Company”), a leading technology company at the forefront of combat sports participation, today announced 200% year-over-year growth in Warrior Training Program sales, with over 750 participants confirmed in Q1 alone. This sales surge underscores MMA.inc’s ability to convert global MMA fandom into active participation while delivering substantial revenue growth for partner gyms.

    This milestone marks the most successful quarter in the program’s history, reflecting both the rising global demand for MMA training experiences and the strength of MMA.inc’s platform driven approach. By providing participants with a 20 week training subscription, designed by the world’s best MMA coaches, and culminating in a fully sanctioned amateur MMA bout, MMA.inc continues to redefine the combat sports landscape for participants, gym owners and coaches.

    “Our ability to achieve 200% growth year over year speaks volumes about the strength of our platform and the demand for authentic MMA training experiences,” said Nick Langton, Founder and CEO of MMA.inc. “With over 750 confirmed participants in Q1 alone, we’re not just selling training programs, we’re building an ecosystem that empowers over 640 million MMA fans to step into a gym to learn and train martial arts.”

    “The success of the UFC and other professional combat sports leagues has driven fanbase growth, which has in turn led to unprecedented interest in learning martial arts. At MMA.Inc we are building a platform to make the participation “on ramp” easily accessible for all MMA fans and fitness consumers who want to find a great gym where they can start their training journey.” Continued… Read the MMA full press release and supporting notes by going to:   https://ir.mma.inc/news-events/press-releases

    Other recent developments in the markets include:

    Meta Platforms, Inc. (NASDAQ: META) has recently appointed three new members to its board of directors, including Dana White, the president and CEO of Ultimate Fighting Championship (UFC) and a familiar figure in the orbit of the incoming president, Donald Trump.

    The social media company, which owns Facebook, Instagram and WhatsApp, is also adding the auto tycoon John Elkann and the tech investor Charlie Songhurst, Meta’s CEO, Mark Zuckerberg, said in a Facebook post.

    Live Nation Entertainment, Inc. (NYSE: LYV) – Hard Rock® recently announced that it was named #1 and #5 in the Newsweek Top 10 Readers’ Choice Best Casinos with Live Entertainment in the U.S. Newsweek describes this award as “…some of the best live entertainment options at casinos from around the country for when you need a break from the gambling floor.”

    “We are humbled that the public voted for Hard Rock Live Sacramento to take the #1 spot in this year’s Top 10,” explained Randy Maddocks, Director of Entertainment for Hard Rock Live Sacramento. “We dedicate our programming to reaching the largest audience with diverse shows that represent all genres.”

    Sphere Entertainment Co. (NYSE: SPHR) recently announced that Glenn Derry, an Academy Award winning technologist with over 30 years of industry-defining entertainment technology experience, has joined the Company as Executive Vice President of MSG Ventures.

    In this role, Mr. Derry will oversee a wide range of technology initiatives across MSG Ventures, a wholly-owned subsidiary of Sphere Entertainment focused on developing advanced technologies for live entertainment. MSG Ventures also supports Sphere Studios, the immersive content studio dedicated to creating multi-sensory entertainment experiences exclusively for Sphere, and the Sphere platform overall, including future Sphere venues. Mr. Derry will work across the organization to deploy both new and existing technologies that enhance Sphere’s live entertainment and experiential content, which has been redefining immersive experiences since the first Sphere opened in Las Vegas in September 2023.

    Peloton Interactive, Inc. (NASDAQ: PTON) recently announced that it will release its second quarter 2025 financial results before the U.S. stock market opens on Thursday, February 6, 2025. The company will host a conference call and live audio webcast to discuss the financial results at 8:30 a.m. (Eastern Time) that day.   To access the conference call by phone, please visit this phone registration link to receive dial-in details. To avoid delays, we encourage participants to register a day in advance or at least 15 minutes before the start of the call.

    A live audio webcast of the conference call will also be available on the company’s investor relations website at https://investor.onepeloton.com/news-and-events/events.   For those unable to participate in the conference call live, a replay will be available on the investor relations page of the company’s website for 30 days.

    About FN Media Group:

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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 twenty five hundred dollars for news coverage of the current press releases issued by Mixed Martial Arts Group Limited by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

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

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Veea Announces Upcoming Industry Conference Schedule

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) — Veea Inc. (NASDAQ: VEEA), a pioneer in edge computing and AI-driven solutions, today announced the Company’s upcoming conference presentation schedule. The Company will be offering attendees the opportunity to learn more about the Veea Edge Platform™ and its broad range of applications across end markets.

    OATSCON25
    February 6-7, 2025

    An annual gathering of experts to address some of the most promising avenues for sustainable food-ag system improvements, from novel applications of sensing, networking, and computation to big data science, visualization, and analytics. Veea has deployed its hyperconverged Edge Platform in use cases that promote precision agriculture.

    Presenter: Tom Williams, Veea’s Vice President Worldwide Sales & Marketing
    Topic: Connectivity in Rural Spaces
    Title: “Connecting Rural Communities”
    Day: Thursday, February 6, 2025
    Time: 2:00 pm
    Location: Purdue University, West Lafayette, IN

    AHR Expo
    February 10-12, 2025
    Orlando, Florida

    The International Air-Conditioning, Heating, Refrigerating Exposition (AHR Expo), which started in 1930 as a heating and ventilation show, has grown into the largest event in the world exclusively focused on the HVACR industry. The 2025 Show will host industry professionals from all across the United States and worldwide. Attendees can learn about Veea’s Edge Platform – a highly flexible, cloud-connected platform that ensures seamless integration with third-party hardware and software to enable building owners and operators to easily add new data sets to their platforms allowing for improved control and monitoring while supporting their digital transformation journey. 

    MWC Barcelona 2025
    March 3-6, 2025
    Barcelona, Spain
    Hall 6

    Mobile World Congress (MWC) Barcelona, the world’s largest and most influential connectivity event, is attended by global mobile operators, device manufacturers, technology providers, vendors and content owners. Attendees are encouraged to learn more about how the Veea Edge Platform and Veea’s Trusted Broadband Access (vTBA) can provide a path towards 5G/Wi-Fi Fixed Mobile Convergence.

    About Veea

    Veea Inc. (NASDAQ: VEEA) was formed in 2014 and is headquartered in New York City with a rich history of major innovations in the development of advanced networking, wireless and computing technologies. Veea makes living and working at the edge simpler and more secure. Veea has unified multi-tenant computing, multiaccess multiprotocol communications, edge storage and cybersecurity solutions through fully integrated cloud- and edge-managed products. Veea’s fully integrated turnkey solution offers end-to-end cloud management of devices, applications and services with Zero Trust Network Access (ZTNA), optionally with a highly simplified plug and play 5G-based Secure Access Service Edge (SASE) offering. Veea Edge Platform™ enables direct connections from the wide area optical fiber, cellular and satellite networks to devices on the local area networks created by a VeeaHub® mesh cluster over network-managed Wi-Fi and IoT devices – a unique patented capability called Multiprotocol Private Network Slicing (MPNS) for ISPs to offer subscription-based services for one or a group of endpoints. Veea Developer Portal and development tools provide for rapid development of edge applications including federated learning with pre-trained models for inferencing to cost-effectively enable Edge AI for most enterprise use cases.

    Veea was recognized in 2023 by Gartner as a Leading Smart Edge Platform for the innovativeness and capabilities of our Veea Edge Platform™ and a Cool Vendor in Edge Computing in 2021. Veea was named in Market Reports World’s in its research report published in October 2023 as one of the top 10 Edge AI solution providers alongside IBM, Microsoft, Amazon Web Services among others. For more information about Veea and its product offerings, visit veea.com and follow us on LinkedIn.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, 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,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are 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. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: the Company’s business strategies, and the risk and uncertainties described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note on Forward-Looking Statements” and the additional risk described in Veea’s Form 10-Q for the fiscal quarter ended September 30, 2024 and any subsequent filings which Veea makes with the U.S. Securities and Exchange Commission. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in the press release relate only to events or information as of the date on which the statements are made in the press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.

    The Equity Group
    Devin Sullivan
    Managing Director
    dsullivan@equityny.com

    Conor Rodriguez
    Associate
    crodriguez@equityny.com

    The MIL Network –

  • MIL-OSI: IDT global Inks Preferred Partner Agreement with Haiti’s Natcom for International Long-Distance Traffic Management

    Source: GlobeNewswire (MIL-OSI)

    Newark, NJ, Feb. 06, 2025 (GLOBE NEWSWIRE) — IDT global, IDT Corporation’s (NYSE: IDT) wholesale carrier services business, today announced that it has entered into a Preferred Partner Agreement with Natcom, Haiti’s leading telecommunications provider, to manage international long-distance traffic for Natcom’s network in Haiti. IDT global will also help to protect Natcom against revenue leakage while strengthening Natcom’s position as a trusted and reliable telecommunications provider for international voice traffic.

    The agreement also enables Natcom and IDT global to collaboratively develop and launch new, high-value, international voice offerings for customers of Natcom and for IDT’s popular BOSS Revolution Calling service in the US.

    “Our partnership with Natcom reinforces IDT global’s position as a leader in managed voice services,” said Alexis Segal, Sr. Vice President at IDT global. “We look forward to supporting Natcom with secure and innovative telecommunications solutions tailored to meet the international long-distance needs of Natcom customers throughout Haiti. Boss Revolution customers can also look forward to elevated offerings that will make staying connected with loved ones and business associates in Haiti more accessible than ever.”

    Mr. Nguyen Huy Dzung, CEO of Natcom added: “IDT global’s reliability, expertise, and focus on quality made them the natural choice for this strategic partnership. Together, we aim to provide the best possible experience for our customers while strengthening the integrity of telecommunications in Haiti.”

    About Natcom

    Natcom is Haiti’s leading telecommunications provider, offering a full range of mobile, broadband, and fixed-line services to individuals and businesses across the country. With a focus on innovation and connectivity, Natcom is dedicated to enhancing the communication experience for the people of Haiti.

    About IDT global

    IDT global leverages its global IP network and platform to deliver high-quality, secure, and scalable voice and A2P SMS solutions. We enable carriers, mobile operators, and enterprises to build agile, efficient, and resilient communication experiences worldwide.

    About IDT Corporation

    IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

    All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

    CONTACT

    IDT Corporation Investor Relations
    Bill Ulrey
    william.ulrey@idt.net

    # # #

    The MIL Network –

  • MIL-OSI: Byrna Expands Retail Footprint with Nashville Store Opening

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Feb. 06, 2025 (GLOBE NEWSWIRE) — Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today announced the opening of its second company-owned retail store, located in Franklin, Tennessee, part of the Greater Nashville Area. This new location advances Byrna’s vision of normalizing less-lethal solutions as a mainstream personal safety choice, establishing a broader physical presence, and amplifying brand recognition in key markets.

    The Nashville store builds on the success of Byrna’s Las Vegas location, which validated the potential of company-owned retail with an annual run rate exceeding $1 million and gross profit margins over 60%. The Nashville store features an in-store shooting range where customers can experience Byrna’s less-lethal launchers firsthand. In the Las Vegas store, conversion rates are approximately 80%, compared to approximately 1% online. Byrna expects the hands-on and interactive experience of its new stores to deliver similarly high conversion rates, foster deeper customer trust, and reinforce the company’s reputation as a leader in the less-lethal market.

    “The Nashville store represents an important step in Byrna’s strategic retail expansion,” said Byrna CEO Bryan Ganz. “Our retail store rollout is designed to strengthen customer connections, provide unique hands-on experiences, and expand overall brand awareness. Positioned in a vibrant retail hub, the Nashville store is well-suited to drive strong demand and further the adoption of Byrna’s less-lethal solutions. While we recognize new stores take time to reach their optimal performance, we are confident in the potential of our brick-and-mortar strategy and look forward to tracking the impact of our future locations.”

    Byrna’s retail strategy reflects a deliberate, phased approach to scaling its store model. The Nashville store is one of four new locations planned in the first part of 2025, with additional stores in Fort Wayne, Indiana, Scottsdale, Arizona, and Salem, New Hampshire set to open in coming weeks. These initial locations will provide valuable insights to refine store operations, finalize employee training programs, and optimize marketing strategies ahead of a potential broader rollout.

    Luan Pham, Byrna Chief Revenue Marketing Officer, added: “Our retail expansion is a transformational step in making less-lethal solutions accessible and mainstream. These new stores enable us to build stronger, more personal connections with our customers through workshops and in-store events, ensuring they are confident in using our products when it matters most.”

    The grand opening of the Nashville store featured local officials, law enforcement representatives, and media. Byrna will continue prioritizing community engagement and education as it expands its physical footprint across the United States.

    Byrna Nashville
    330 Mayfield Dr.
    D-3
    Franklin, TN 37067

    About Byrna Technologies Inc.
    Byrna is a technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions. For more information on the Company, please visit the corporate website here or the Company’s investor relations site here. The Company is the manufacturer of the Byrna® SD personal security device, a state-of-the-art handheld CO2 powered launcher designed to provide a less-lethal alternative to a firearm for the consumer, private security, and law enforcement markets. To purchase Byrna products, visit the Company’s e-commerce store.

    Forward-Looking Statements
    This news release contains “forward-looking statements” within the meaning of the securities laws. All statements contained in this news release, other than statements of current and historical fact, are forward-looking. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “intends,” “anticipates,” and “believes” and statements that certain actions, events or results “may,” “could,” “would,” “should,” “might,” “occur,” “be achieved,” or “will be taken.” Forward-looking statements include descriptions of currently occurring matters which may continue in the future. Forward-looking statements in this news release include, but are not limited to, our statements related to preliminary revenue results for the fourth fiscal quarter and fiscal year 2024, the timing of the release of full financial results for the quarter, trends regarding brand recognition and future sales potential, sales during the holiday season and during 2025, and the Company’s plans to open Company-owned retail stores. Forward-looking statements are not, and cannot be, a guarantee of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions, estimates, and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied.

    Any number of risk factors could affect our actual results and cause them to differ materially from those expressed or implied by the forward-looking statements in this news release, including, but not limited to, disappointing market responses to current or future products or services; prolonged, new, or exacerbated disruption of the Company’s supply chain; the further or prolonged disruption of new product development; production or distribution or delays in entry or penetration of sales channels due to inventory constraints, competitive factors, increased shipping costs or freight interruptions; prototype, parts and material shortages, particularly of parts sourced from limited or sole source providers; determinations by third party controlled distribution channels not to carry or reduce inventory of the Company’s products; determinations by advertisers to prohibit marketing of some or all Byrna products; the loss of marketing partners; potential cancellations of existing or future orders including as a result of any fulfillment delays, introduction of competing products, negative publicity, or other factors; product design defects or recalls; litigation, enforcement proceedings or other regulatory or legal developments; changes in consumer or political sentiment affecting product demand; regulatory factors including the impact of commerce and trade laws and regulations; import-export related matters or sanctions or embargos that could affect the Company’s supply chain or markets; delays in planned operations related to licensing, registration or permit requirements; and future restrictions on the Company’s cash resources, increased costs and other events that could potentially reduce demand for the Company’s products or result in order cancellations. The order in which these factors appear should not be construed to indicate their relative importance or priority. We caution that these factors may not be exhaustive; accordingly, any forward-looking statements contained herein should not be relied upon as a prediction of actual results. Investors should carefully consider these and other relevant factors, including those risk factors in Part I, Item 1A, (“Risk Factors”) in the Company’s most recent Form 10-K, should understand it is impossible to predict or identify all such factors or risks, should not consider the foregoing list, or the risks identified in the Company’s SEC filings, to be a complete discussion of all potential risks or uncertainties, and should not place undue reliance on forward-looking information. The Company assumes no obligation to update or revise any forward-looking information, except as required by applicable law.

    Investor Contact:
    Tom Colton and Alec Wilson
    Gateway Group, Inc.
    949-574-3860
    BYRN@gateway-grp.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5feb5941-b01f-4175-941b-5c3ad99702ee

    The MIL Network –

  • MIL-OSI: Live Ventures Reports Fiscal First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Feb. 06, 2025 (GLOBE NEWSWIRE) — Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal first quarter 2025 ended December 31, 2024. 

    Fiscal First Quarter 2025 Key Highlights:

    • Revenue was $111.5 million, compared to $117.6 million in the prior year period
    • Net income was $0.5 million and diluted earnings per share (“EPS”) was $0.16, compared to the prior year period net loss of $0.7 million and loss per share of $0.22. Net income for the first quarter 2025 includes a $2.8 million gain on the settlement of the earnout liability related to the Precision Metal Works, Inc. (“PMW”) acquisition and a $0.7 million gain on the settlement of PMW seller notes
    • Adjusted EBITDA¹ was $5.7 million, compared to $8.7 million in the prior year period
    • Total assets of $395.5 million and stockholders’ equity of $73.3 million as of December 31, 2024
    • Approximately $31.1 million of cash and availability under the Company’s credit facilities as of December 31, 2024

    “Both our Retail-Entertainment and Steel Manufacturing segments delivered improved operating performance in the first quarter, with increases in operating income and operating margins as compared to the prior year period. However, high interest rates and a slowdown in the housing market continued to impact our Retail-Flooring and Flooring Manufacturing segments, as reduced consumer demand weighed on performance,” commented David Verret, Chief Financial Officer of Live Ventures.

    “We are pleased with the operating improvements achieved in our Retail-Entertainment and Steel Manufacturing segments during the first quarter. That said, industry-specific headwinds are impacting our Retail-Flooring and Flooring Manufacturing segments. To address this, we are implementing additional measures to enhance the efficiency of our flooring businesses,” stated Jon Isaac, President and Chief Executive Officer of Live Ventures. “Despite these challenges, we remain confident in the long-term strength of our businesses.”

    First Quarter FY 2025 Financial Summary (in thousands except per share amounts)
      For the three months ended December 31,
        2024     2023     % Change
    Revenue $ 111,508   $ 117,593     -5.2 %
    Operating income $ 762   $ 3,541     -78.5 %
    Net income (loss) $ 492   $ (682 )   172.1 %
    Diluted earnings (loss) per share $ 0.16   $ (0.22 )   172.7 %
    Adjusted EBITDA¹ $ 5,744   $ 8,696     -33.9 %
                       

    Revenue decreased approximately $6.1 million, or 5.2%, to approximately $111.5 million for the quarter ended December 31, 2024, compared to revenue of approximately $117.6 million in the prior year period. The decrease is attributable to the Flooring Manufacturing, Retail-Flooring, and Steel Manufacturing segments, which decreased by approximately $6.7 million in the aggregate.

    Operating income was approximately $0.8 million for the quarter ended December 31, 2024, compared with operating income of approximately $3.5 million in the prior year period. The decrease in operating income is primarily attributable to the decrease in revenue and increased general and administrative expenses in the Retail-Flooring segment. The decrease in operating income was partially offset by increased operating income in the Retail-Entertainment and Steel Manufacturing segments.

    For the quarter ended December 31, 2024, net income was approximately $0.5 million, and diluted EPS was $0.16, compared with net loss of approximately $0.7 million and loss per share of $0.22 in the prior year period. The increase in net income is primarily attributable to a $2.8 million gain on the settlement of the earnout liability related to the PMW acquisition and a $0.7 million gain on the settlement of PMW seller notes.

    Adjusted EBITDA¹ for the quarter ended December 31, 2024 was approximately $5.7 million, a decrease of approximately $3.0 million, or 33.9%, compared to the prior year period. The decrease in adjusted EBITDA is primarily due to an overall decrease in operating income.

    As of December 31, 2024, the Company had total cash availability of $31.1 million, consisting of cash on hand of $7.4 million and availability under its various lines of credit of $23.7 million.

    First Quarter FY 2025 Segment Results (in thousands)

      For the three months ended December 31,
        2024       2023     % Change
    Revenue          
    Retail – Entertainment $ 21,273     $ 20,586     3.3 %
    Retail – Flooring   31,747       34,319     -7.5 %
    Flooring Manufacturing   25,996       29,245     -11.1 %
    Steel Manufacturing   32,435       33,354     -2.8 %
    Corporate & Other   57       89     -36.0 %
    Total Revenue $ 111,508     $ 117,593     -5.2 %
               
      For the three months ended December 31,
        2024       2023     % Change
    Operating Income (loss)          
    Retail – Entertainment $ 3,408     $ 3,143     8.4 %
    Retail – Flooring   (2,174 )     90     N/A
    Flooring Manufacturing   (81 )     945     -108.6 %
    Steel Manufacturing   1,166       982     18.7 %
    Corporate & Other   (1,557 )     (1,619 )   3.8 %
    Total Operating Income $ 762     $ 3,541     -78.5 %
               
      For the three months ended December 31,
        2024       2023     % Change
    Adjusted EBITDA¹          
    Retail – Entertainment $ 3,810     $ 3,667     3.9 %
    Retail – Flooring   (971 )   $ 1,303     -174.5 %
    Flooring Manufacturing   750       1,877     -60.0 %
    Steel Manufacturing   2,801       2,802     0.0 %
    Corporate & Other   (646 )     (953 )   32.2 %
    Total Adjusted EBITDA¹ $ 5,744     $ 8,696     -33.9 %
               
    Adjusted EBITDA¹ as a percentage of revenue        
    Retail – Entertainment   17.9 %     17.8 %    
    Retail – Flooring   -3.1 %     3.8 %    
    Flooring Manufacturing   2.9 %     6.4 %    
    Steel Manufacturing   8.6 %     8.4 %    
    Corporate & Other N/A   N/A    
    Total Adjusted EBITDA¹   5.2 %     7.4 %    
    as a percentage of revenue          
               

    Retail – Entertainment

    Retail-Entertainment segment revenue for the quarter ended December 31, 2024 was approximately $21.3 million, an increase of approximately $0.7 million, or 3.3%, compared to prior year period revenue of approximately $20.6 million. Revenue increased primarily due to increased consumer demand for used products. The increase in used products contributed to the increase in gross margin to 56.6% for the quarter ended December 31, 2024, compared to 56.0% for the prior year period. Operating income for the quarter ended December 31, 2024 was approximately $3.4 million, compared to operating income of approximately $3.1 million for the prior year period.

    Retail – Flooring

    The Retail-Flooring segment revenue for the quarter ended December 31, 2024, was approximately $31.7 million, a decrease of approximately $2.6 million, or 7.5%, compared to the prior year period revenue of approximately $34.3 million. The decrease was primarily due to reduced demand. Gross margin for the quarter ended December 31, 2024 was 37.2%, compared to 38.0% for the prior year period. The decrease in gross margin was primarily driven by a change in product mix. Operating loss for the quarter ended December 31, 2024 was approximately $2.2 million, compared to operating income of approximately $0.1 million for the prior year period. The increase in operating loss was primarily due to additional wages and other general and administrative costs during the quarter ended December 31, 2024.

    Flooring Manufacturing

    Revenue for the quarter ended December 31, 2024 was approximately $26.0 million, a decrease of approximately $3.2 million, or 11.1%, compared to prior year period revenue of approximately $29.2 million. The decrease in revenue was primarily due to reduced consumer demand. Gross margin was 21.2% for the quarter ended December 31, 2024, compared to 22.0% for the prior year period. The decrease in gross margin was primarily due to changes in product mix. Operating loss for the quarter ended December 31, 2024 was approximately $0.1 million, compared to operating income of approximately $0.9 million for the prior year period.

    Steel Manufacturing

    Revenue for the quarter ended December 31, 2024 was approximately $32.4 million, a decrease of approximately $0.9 million or 2.8%, compared to prior year period revenue of approximately $33.4 million. The decrease was primarily due to reduced customer demand, partially offset by incremental revenue of $3.1 million at Central Steel Fabricators, LLC (“Central Steel”), which was acquired in May 2024. Gross margin was 18.3% for the quarter ended December 31, 2024, compared to 15.8% for the prior year period. The increase in gross margin was primarily due to strategic price increases, as well as the acquisition of Central Steel. Operating income for the quarter ended December 31, 2024 was approximately $1.2 million, compared to operating income of approximately $1.0 million in the prior year period.

    Corporate and Other

    Revenue for the quarter ended December 31, 2024 was approximately $57,000, a decrease of approximately $32,000, or 36.0%, compared to prior year period revenue of approximately $89,000. Operating loss for the quarters ended December 31, 2024 and 2023 were approximately $1.6 million.

    Non-GAAP Financial Information

    Adjusted EBITDA

    We evaluate the performance of our operations based on financial measures, such as “Adjusted EBITDA,” which is a non-GAAP financial measure. We define Adjusted EBITDA as net income (loss) before interest expense, interest income, income taxes, depreciation, amortization, stock-based compensation, and other non-cash or nonrecurring charges. We believe that Adjusted EBITDA is an important indicator of the operational strength and performance of the business, including the business’s ability to fund acquisitions and other capital expenditures and to service its debt. Additionally, this measure is used by management to evaluate operating results and perform analytical comparisons and identify strategies to improve performance. Adjusted EBITDA is also a measure that is customarily used by financial analysts to evaluate a company’s financial performance, subject to certain adjustments. Adjusted EBITDA does not represent cash flows from operations, as defined by generally accepted accounting principles (“GAAP”), should not be construed as an alternative to net income or loss, and is indicative neither of our results of operations, nor of cash flow available to fund our cash needs. It is, however, a measurement that the Company believes is useful to investors in analyzing its operating performance. Accordingly, Adjusted EBITDA should be considered in addition to, but not as a substitute for, net income, cash flow provided by operating activities, and other measures of financial performance prepared in accordance with GAAP. As companies often define non-GAAP financial measures differently, Adjusted EBITDA, as calculated by Live Ventures Incorporated, should not be compared to any similarly titled measures reported by other companies.

    Forward-Looking and Cautionary Statements

    The use of the word “Company” refers to Live Ventures and its wholly owned subsidiaries. Certain statements in this press release contain or may suggest “forward-looking” information within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the “safe harbor” created by those sections. Words such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements are intended to identify forward-looking statements. Live Ventures may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 10-K and 10-Q, Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2024. Additionally, new risk factors emerge from time to time, and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have on our business. Live Ventures undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

    About Live Ventures Incorporated

    Live Ventures is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Live Ventures’ acquisition strategy is sector-agnostic and focuses on well-run, closely held businesses with a demonstrated track record of earnings growth and cash flow generation. The Company looks for opportunities to partner with management teams of its acquired businesses to build increased stockholder value through a disciplined buy-build-hold long-term focused strategy. Live Ventures was founded in 1968. In late 2011, Jon Isaac, Chief Executive Officer and strategic investor, joined the Company’s Board of Directors and later refocused it into a diversified holding company. The Company’s current portfolio of diversified operating subsidiaries includes companies in the textile, flooring, tools, steel, and entertainment industries.

    Contact:
    Live Ventures Incorporated
    Greg Powell, Director of Investor Relations
    725.500.5597
    gpowell@liveventures.com 
    www.liveventures.com 

    Source: Live Ventures Incorporated

    CONSOLIDATED BALANCE SHEETS
    (UNAUDITED)
    (dollars in thousands, except per share amounts)

      December 31, 2024   September 30, 2024
      (Unaudited)    
    Assets      
    Cash $ 7,407     $ 4,601  
    Trade receivables, net of allowance for doubtful accounts of $1.4 million at December 31, 2024 and $1.5 million at September 30, 2024   38,040       46,861  
    Inventories, net   123,389       126,350  
    Prepaid expenses and other current assets   3,594       4,123  
    Total current assets   172,430       181,935  
    Property and equipment, net   81,527       82,869  
    Right of use asset – operating leases   55,113       55,701  
    Deposits and other assets   1,455       787  
    Intangible assets, net   23,847       25,103  
    Goodwill   61,152       61,152  
    Total assets $ 395,524     $ 407,547  
    Liabilities and Stockholders’ Equity      
    Liabilities:      
    Accounts payable $ 28,478     $ 31,002  
    Accrued liabilities   30,548       31,740  
    Income taxes payable   1,483       948  
    Current portion of lease obligations – operating leases   13,219       12,885  
    Current portion of lease obligations – finance leases   467       368  
    Current portion of long-term debt   39,595       43,816  
    Current portion of notes payable related parties   7,670       6,400  
    Seller notes – related parties   —       2,500  
    Total current liabilities   121,460       129,659  
    Long-term debt, net of current portion   54,339       54,994  
    Lease obligation long term – operating leases   46,566       50,111  
    Lease obligation long term – finance leases   42,200       41,677  
    Notes payable related parties, net of current portion   6,871       4,934  
    Seller notes – related parties   41,119       40,361  
    Deferred tax liability, net   5,812       6,267  
    Other non-current obligations   3,882       6,655  
    Total liabilities   322,249       334,658  
    Commitments and contingencies      
    Stockholders’ equity:      
    Series E convertible preferred stock, $0.001 par value, 200,000 shares authorized, 47,840 shares issued and outstanding at December 31, 2024 and September 30, 2024, with a liquidation preference of $0.30 per share outstanding   —       —  
    Common stock, $0.001 par value, 10,000,000 shares authorized, 3,115,674 and 3,131,360 shares issued and outstanding at December 31, 2024 and September 30, 2024, respectively   2       2  
    Paid in capital   69,743       69,692  
    Treasury stock common 710,373 and 694,687 shares as of December 31, 2024 and September 30, 2024, respectively   (9,229 )     (9,072 )
    Treasury stock Series E preferred 80,000 shares as of December 31, 2024 and September 30, 2024   (7 )     (7 )
    Retained earnings   12,766       12,274  
      Total stockholders’ equity   73,275       72,889  
        Total liabilities and stockholders’ equity $ 395,524     $ 407,547  
                   

    LIVE VENTURES, INCORPORATED
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
    (dollars in thousands, except per share)

      For the Three Months Ended December 31,
        2024       2023  
    Revenue $ 111,508     $ 117,593  
    Cost of revenue   76,146       81,266  
    Gross profit   35,362       36,327  
           
    Operating expenses:      
    General and administrative expenses   30,071       27,679  
    Sales and marketing expenses   4,529       5,107  
    Total operating expenses   34,600       32,786  
    Operating income   762       3,541  
    Other expense:      
    Interest expense, net   (4,162 )     (4,163 )
    Gain on settlement of seller notes   713       —  
    Gain on settlement of earnout liability   2,840       —  
    Other income (expense)   420       (284 )
    Total other expense, net   (189 )     (4,447 )
    Income (loss) before provision for income taxes   573       (906 )
    Provision (benefit) for income taxes   81       (224 )
    Net Income (loss) $ 492     $ (682 )
           
    Income (loss) per share:      
    Basic and diluted $ 0.16     $ (0.22 )
           
    Weighted average common shares outstanding:      
    Basic   3,124,581       3,163,541  
    Diluted   3,124,820       3,163,541  
                   

    LIVE VENTURES INCORPORATED
    NON-GAAP MEASURES RECONCILIATION

    Adjusted EBITDA

    The following table provides a reconciliation of Net (loss) income to total Adjusted EBITDA¹ for the periods indicated (dollars in thousands):

      For the Three Months Ended
      December 31, 2024   December 31, 2023
    Net income (loss) $ 492     $ (682 )
    Depreciation and amortization   4,415       4,295  
    Stock-based compensation   50       50  
    Interest expense, net   4,162       4,163  
    Income tax expense (benefit)   81       (224 )
    Debt refinancing costs   —       183  
    Gain on extinguishment of debt   (713 )     —  
    Gain on write-off of earnout   (2,840 )     —  
    Acquisition costs   97       406  
    Adjusted EBITDA $ 5,744     $ 8,696  

    The MIL Network –

  • MIL-OSI: Zscaler to Host Second Quarter Fiscal Year 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, will release second quarter fiscal year 2025 earnings after the market closes on Wednesday, March 5, 2025. The company will host an investor conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results.

    Date: Wednesday, March 5, 2025
    Time: 1:30 p.m. PT
    Webcast: https://ir.zscaler.com
    Dial-in: To join by phone, register at the following link:Click Here. After registering, you will be provided with a dial-in number and a personal PIN that you will need to join the call.

    Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A live webcast of the conference call will be accessible from the Zscaler website at ir.zscaler.com. Listeners may log on to the call under the “Events & Presentations” section and select “Q2 2025 Zscaler Earnings Conference Call” to participate.

    About Zscaler

    Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange™ platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 150 data centers globally, the SSE-based Zero Trust Exchange™ is the world’s largest in-line cloud security platform.

    Zscaler™ and the other trademarks listed at https://www.zscaler.com/legal/trademarks are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/or other countries. Any other trademarks are the properties of their respective owners.

    Media Relations Contact:
    Natalia Wodecki
    press@zscaler.com

    Investor Relations Contact:
    Ashwin Kesireddy
    ir@zscaler.com

    The MIL Network –

  • MIL-OSI: Enphase Energy Expands its Support for Grid Services Programs Across North America

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today that it is expanding its support for grid services programs – or virtual power plants (VPPs) – in Puerto Rico, Colorado, and Nova Scotia, Canada, powered by the IQ® Battery 5P.

    Grid services programs are offered by electric utilities and often use energy stored in home batteries to help reduce load on the electric grid when it is needed most, like during periods of peak electricity demand. This reduces reliance on costly and polluting power plants for electricity and, in return, can provide incentives to homeowners from their utility company. Incentives may be provided as a discount on the purchase of an Enphase® Energy System with IQ® Batteries or as ongoing payments to participating homeowners. Homeowners are most recently eligible to enroll in the following programs:

    LUMA Energy Puerto Rico Customer Battery Energy Sharing Program: Participants in Puerto Rico enrolled in this program with three IQ Battery 5Ps are eligible to receive approximately $1,000 per year if the batteries deliver up to 80% of their energy capacity during each demand response event. Learn more about the details of the program on the Enphase website or by registering for the upcoming homeowner informational webinar (in Spanish).

    “We are thrilled that the IQ Batteries we deploy in our communities can go towards making the grid more reliable for everyone,” said Carlos Martínez Muñoz, CEO of Solar Roots, an installer of Enphase products in Puerto Rico. “Grid services programs will help home solar and storage systems contribute to a greater good.”

    Xcel Colorado Renewable Battery Connect Program: Homeowners who decide to install an Enphase IQ Battery and are Xcel Energy customers in Colorado are eligible to receive an upfront incentive of $350/kW, capped at $5,000 per site. Customers who decide to install three IQ Battery 5Ps could earn $4,032 upfront plus an annual payment of $100 over the five-year participation period. Learn more about the details of this program on the Xcel Energy Colorado webpage.

    “This program is a fantastic opportunity for Colorado homeowners to maximize the value of their Enphase IQ Batteries,” said Kevin Love, co-owner of Atlasta Solar Center, an installer of Enphase products based in Colorado. “Participants can earn meaningful incentives while supporting a more resilient and sustainable energy grid. It’s a win for both customers and our clean energy transition.”

    Efficiency Nova Scotia Eco Shift Pilot: Participants enrolled in this pilot are rewarded with $500 upfront, plus an average performance incentive of $300 per kW delivered per season. A typical 15 kWh Enphase IQ Battery system consisting of three IQ Battery 5Ps are eligible to receive up to $1,500 per year in performance incentives if the batteries deliver up to 80% of their energy capacity during each demand response event. Learn more about the details of the program on the Eco Shift Nova Scotia program website.

    “The Eco Shift program is a fantastic opportunity for Canadian homeowners to make the most of their Enphase home solar and battery systems while contributing to grid stability and efficiency,” said Tom Rendle, managing director at Watts Up Solar, an installer of Enphase products based in Nova Scotia. “As electrification increases and demand on the grid grows, we’re excited to expand deployments of IQ Batteries to support powering homes and a more resilient energy future for the community at large.”

    “Our cutting-edge solutions make it easy for homeowners to engage in grid services programs while maximizing the benefits of their Enphase systems,” said Ken Fong, senior vice president and general manager of the Americas and APAC Sales at Enphase Energy. “The IQ Battery 5P’s reliability and performance are key to providing homeowners with long-term value, and we’re excited to expand our efforts to support virtual power plants, offering a cleaner, more resilient energy future across North America.”

    For more information about grid services, please visit the Enphase website.

    About Enphase Energy, Inc.

    Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 80.0 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries. For more information, visit https://enphase.com/.

    ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. in the U.S. and other countries. Other names are for informational purposes and may be trademarks of their respective owners.

    Forward-Looking Statements

    This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality and reliability; and expectations regarding the various incentive programs in Puerto Rico, Colorado, and Nova Scotia, Canada. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.

    Contact:

    Enphase Energy

    press@enphaseenergy.com

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

    The MIL Network –

  • MIL-OSI: Monarch Private Capital Announces Successful $275 Million Bond Issuance Led by HSBC

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Feb. 06, 2025 (GLOBE NEWSWIRE) — Monarch Private Capital, a nationally recognized tax-advantaged investment firm, proudly announces a $275 million bond issuance to finance affordable housing projects, reinforcing its commitment to narrowing the affordable housing gap in the United States.

    HSBC served as the Sole Placement Agent for the Monarch Issuer 2024-2, LLC private asset-backed securities (ABS) transaction. On December 11, 2024, HSBC priced the $275 million issuance, with $220 million funded on December 18, 2024. The remaining $55 million will be funded through a Delay Draw mechanism over the next 12 months, supporting additional projects currently under construction.

    The bond proceeds will finance 58 low-income housing projects across Georgia, South Carolina, and Oklahoma, generating quality affordable housing units while stimulating local economies. Monarch will repay principal and interest on the Notes through its syndication of Low Income Housing Tax Credits (LIHTCs) to institutional investors, including insurance companies, corporate clients, and high-net-worth individuals.

    A Collaborative Effort for Positive Impact

    HSBC’s collaboration extended beyond placement services, contributing structuring, ratings advisory, and trustee services to ensure seamless execution.

    “This bond issuance reflects our unwavering commitment to addressing the nation’s urgent housing needs,” said Ian Chomat, Partner and Chief Financial Officer at Monarch Private Capital. “By leveraging our extensive experience in affordable housing, we aim to deliver more high-quality homes and create opportunities that strengthen communities and local economies.”

    Monarch’s Continued Leadership in Impact Investing

    Since its inception, Monarch has paired tax equity investing with a focus on community impact, while mitigating federal and state tax liabilities for investors. Monarch has managed tax equity impact investments in 945 projects generating $7.2 billion of tax credits, including more than $2.2 billion in LIHTCs, as of December 2024. Those projects have enabled nearly $18 billion in project capital, and over $37 billion in economic impact in 42 states, plus Washington D.C.

    For more information about Monarch’s programs and services, please contact Ian Chomat at ichomat@monarchprivate.com.

    About Monarch Private Capital

    Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs and homes. The funds provide predictable returns through the generation of federal and state tax credits. The Company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.

    About HSBC

    HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 60 countries and territories. With assets of US$3,099bn at 30 September 2024, HSBC is one of the world’s largest banking and financial services organizations.

    CONTACT

    Jane Rafeedie

    Monarch Private Capital

    Jrafeedie@monarchprivate.com

    470-283-8431

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3952c63a-5dd4-4db2-bbf2-221fd808bad1

    The MIL Network –

  • MIL-OSI: AT&T and TransUnion Launch In-Network Branded Call Display with Reason for Call

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 06, 2025 (GLOBE NEWSWIRE) — AT&T and TransUnion (NYSE: TRU) are now offering outgoing calls for businesses that display a reason for the call in addition to showing their brand name and logo. This capability is made possible through TransUnion’s Branded Call Display, and it gives AT&T wireless subscribers more confidence in who’s calling and why. Reason for the call will appear for most Android users on incoming calls from participating businesses and organizations, and in the call details page after a call is missed. 1

    No app is needed to receive these branded calls. They are verified with end-to-end industry standard STIR/SHAKEN call authentication to help ensure that the call is legitimate and not spoofed. Displaying the reason for the call is the latest evolution from TransUnion and AT&T. It builds on momentum from January 2024 when the companies announced the ability to add a business’s name and brand logo to the mobile display.

    “We’re excited to announce the ability for businesses to add the reason for their call to the mobile display,” said Erin Scarborough, AT&T senior vice president, Mass Markets Product Management. “Research shows consumers still prefer calling for communicating with businesses – especially for urgent, personal, or high-value issues. Now they can safely answer verified branded calls, knowing who’s calling and why.”

    Reasons for the call can include a wide range of options, including: “Appointment Reminder,” “Customer Inquiry,” “Customer Service,” “Refill Reminder,” “Delivery Service,” “Patient Callback,” “Upcoming Visit,” and more. No action is required from AT&T wireless customers to see reasons for calls.

    “Businesses have a tremendous opportunity to improve customer experiences and business outcomes with this iteration of branded calling,” said James Garvert, senior vice president of TruContact Communications Solutions at TransUnion. “Adopting these capabilities shows a good faith effort by the business to protect consumers from fraud and address their most pressing concerns.”

    Consumers have made it clear they want more protection against unwanted calls and fraud. According to a recent TransUnion survey, 73% of consumers said they’d be likely to answer calls if name and logo were shown.

    In addition, consumers indicated they highly value phone calls for their most important issues. The situations consumers most prefer to handle with businesses by phone are:

    • Personal, e.g., health issues (64%)
    • High-value decisions, e.g., home or auto purchases (55%)
    • Urgent circumstances, e.g., natural disasters (55%)
    • Complex decisions, e.g., estate planning (40%)

    Learn more about TransUnion Branded Call Display here.

    1 Branded logo and reason for the call appear when the phone rings, and in the call details page after a call is missed, on most Android devices. On other operating systems, branded logo appears on the mobile display.

    About AT&T
    We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

    About TransUnion (NYSE: TRU)
    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/066f2591-116d-4919-8f36-2c545538aa65

    Contact          

    E-mail   

    Telephone

    		 Dave Blumberg
    TransUnion

    david.blumberg@transunion.com

    312-972-6646

    The MIL Network –

  • MIL-OSI: LVT Bolsters Executive Leadership Amid Rapid Company Growth And Surging Demand for Advanced Security Tech

    Source: GlobeNewswire (MIL-OSI)

    AMERICAN FORK, Utah, Feb. 06, 2025 (GLOBE NEWSWIRE) — LVT (LiveView Technologies, Inc.), the leader of customizable mobile security solutions, today announced four executive hires to support the company’s rapid growth and customer expansion as it enters its 20th year in business:

    • Chief Human Resources Officer Will Clive will manage LVT’s people team and drive the development of innovative initiatives aimed at enhancing the employee experience and productivity. Will was previously the Chief People Officer at Pluralsight, where he helped transform its HR function into a competitive differentiator.
    • Chief Information Security Officer Ryan Gurney will lead the information security team to continually strengthen the company’s data security practices and maintain compliance with evolving industry regulations. Ryan was previously Chief Security Officer with Looker, which joined Google Cloud in 2020, where he built the company’s information security and compliance program.
    • Chief Revenue Officer Spencer Steed will oversee LVT’s go-to-market strategy and operations to help accelerate the company’s growth as it unveils new features and industry-first capabilities. Spencer was previously Senior Vice President of Sales, Public Sector, at Qualtrics, where he led company growth across federal, state, local, and education customers.
    • Chief Customer Officer Taylor Wetzel will develop a comprehensive customer-centric strategy and define key performance indicators to optimize customer outcomes, loyalty, and growth. Taylor was previously Senior Vice President of Customer Success at Qualtrics, where he guided efforts to improve the experience, retention, and ROI for more than 20,000 global customers.    

    “LVT has sustained remarkable growth for more than a decade, and we will soon scale even further by introducing unprecedented security capabilities to improve safety and efficiency for companies across the nation,” said Ryan Porter, LVT co-founder and CEO. “We are excited to have Will, Ryan, Spencer, and Taylor on board to support our mission, and we welcome their breadth of experience and insights to keep moving LVT forward.”

    These four new executives will be pivotal in supporting LVT’s expanding employee base and providing diverse perspectives to preserve its position as a leading innovator in mobile security technology. Growth milestones include the following:

    • In 2024, LVT was recognized for its 226% revenue growth on the Deloitte Technology Fast 500™ and 227% revenue growth on the Inc. 5000.
    • Utah Valley BusinessQ honored LVT as a UV50 fastest-growing company and economic engine.
    • LVT experienced a 25% increase in year-over-year headcount between January 2024 and January 2025.

    LVT provides customizable mobile security units (MSUs) that have driven measurable safety improvements and security operation efficiencies across retail, government, construction, education, and other industries. In January, LVT revealed SafeNow, a first-of-its-kind feature that empowers LVT customer employees to access MSU features directly from their phones.

    Learn more about LVT and how its MSUs can help you discover, deter, and defend against threats at https://www.lvt.com/.

    About LVT
    LVT (LiveView Technologies, Inc.) is a leader in life safety and security and the premier developer and manufacturer of mobile, solar-powered and cellular/satellite-connected surveillance solutions and software. Headquartered in American Fork, Utah, LVT’s enterprise software-as-a-service (SaaS) solution is used by retailers, critical infrastructure and utilities, construction projects, warehouse and distribution centers, police, municipalities, and more. LVT is proud to be made in the USA and manufactured in Utah. For more information, visit www.lvt.com.

    Media Contacts:
    Matthew Deighton
    LiveView Technologies
    media@lvt.com

    The MIL Network –

  • MIL-OSI: Duck Creek Technologies Receives Insurance Business America’s 2025 5-Star Diversity, Equity, and Inclusion Award for Third Straight Year 

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 06, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announced it received for a third consecutive year the prestigious 2025 5-Star Diversity, Equity, and Inclusion Award by Insurance Business America. This recognition underscores Duck Creek’s steadfast commitment to cultivating a culture of diversity, equity, and inclusion (DE&I) through impactful programs and deeply ingrained values.

    Duck Creek’s success is driven by its people-first philosophy, carried out by a diverse, globally collaborative workforce that demonstrates both high-performance and deep industry and technology skills. Duck Creek’s talent initiatives prioritize attracting and developing individuals from varied backgrounds, strengthening the insurance and technology sectors with creative solutions and unique experiences. Collectively, these efforts foster a workplace where individuality is celebrated, teamwork thrives, and DE&I principles are actively advanced.

    “We are honored that Duck Creek has been selected for the third consecutive year as a leader in the insurance industry for our dedication to diversity, equity, and inclusion,” said Michael Jackowski, Chief Executive Officer, Duck Creek Technologies. “Our globally diverse teams, recognized for their high performance and deep expertise, are key to driving our customers’ success and powering the innovations that are shaping the future of insurance alongside our partners.”

    Insurance Business America’s 5-Star DE&I winners of 2025 are recognized for the effectiveness of their programs. Those on the prestigious list were named after IBA surveyed thousands of employees across the sector, with 55 percent of respondents from a diverse or underrepresented group.

    “Guided by our core values—respect, listening, caring, and leading—Duck Creek is unwavering in its commitment to ensuring diverse voices and perspectives are represented, empowered, and celebrated,” said Amy Bayer, Global Director of DE&I, Engagement, and Culture at Duck Creek Technologies. “Through our robust employee programs, we aim to create a culture where every employee feels a sense of belonging and has access to continuous opportunities for growth and development. Our efforts to expand DE&I initiatives reflect our dedication to strengthening our winning culture and fostering a thriving, inclusive community.”

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

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

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