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Category: GlobeNewswire

  • MIL-OSI: TeraWulf Appoints John Larkin as Director of Investor Relations

    Source: GlobeNewswire (MIL-OSI)

    EASTON, Md., Oct. 16, 2024 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced the appointment of John Larkin as Senior Vice President, Director of Investor Relations. In this role, Mr. Larkin will report to Chief Executive Officer Paul Prager.

    “John’s extensive experience in financial strategy and investor engagement will be critical as TeraWulf continues to scale and execute our growth plans,” said Paul Prager. “His deep expertise in capital markets will bolster our relationships with institutional investors and sharpen the communication of our financial performance and strategic milestones.”

    With over 25 years of experience in capital markets across buy-side and sell-side roles, Mr. Larkin brings extensive knowledge and insight to TeraWulf. Most recently, he served as Chief Operating Officer at Connacht Asset Management. Before that, he spent nearly a decade at Susquehanna International Group, where he led the Event-Driven/Special Situations Desk and served as Assistant Director of Research. Mr. Larkin began his career at Citigroup, holding a variety of key positions.  

    “I’m thrilled to join TeraWulf during such an exciting and transformative period for the Company,” said John Larkin. “With its forward-thinking approach to sustainable digital infrastructure and rapid growth, TeraWulf is uniquely positioned to capture increased attention from the investment community. I look forward to driving investor engagement and contributing to the Company’s long-term success.”

    About TeraWulf

    TeraWulf develops, owns, and operates environmentally sustainable, next-generation data center infrastructure in the United States, specifically designed for Bitcoin mining and high-performance computing. Led by a team of seasoned energy entrepreneurs, the Company owns and operates the Lake Mariner facility situated on the expansive site of a now retired coal plant in Western New York. Currently, TeraWulf generates revenue primarily through Bitcoin mining, leveraging predominantly zero-carbon energy sources, including nuclear and hydroelectric power. Committed to environmental, social, and governance (ESG) principles that align with its business objectives, TeraWulf aims to deliver industry-leading economics in mining and data center operations at an industrial scale.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining, and/or regulation regarding safety, health, environmental and other matters, which could require significant expenditures; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) adverse geopolitical or economic conditions, including a high inflationary environment; (8) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (9) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (10) employment workforce factors, including the loss of key employees; (11) litigation relating to TeraWulf and/or its business; and (12) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at http://www.sec.gov.

    Company Contact:
    Jason Assad
    Director of Corporate Communications
    assad@terawulf.com
    (678) 570-6791

    The MIL Network –

  • MIL-OSI: As Occupational Safety Concerns Grow, Ironwall by Incogni Offers Free Privacy Risk Assessment to Anyone in Public-facing, At-risk Professions

    Source: GlobeNewswire (MIL-OSI)

    ORANGE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) — As privacy and safety become more pervasive issues—particularly for those in public-facing, at-risk professions—Ironwall by Incogni is stepping up to help combat the potential dangers brought about by easy access to online data. Through a complimentary risk assessment offer, the company aims to inform individuals such as judges, police officers, social workers, and election workers about the potential exposure of their personally identifiable information (PII) and the risks it poses to their safety.

    “There are more than 4,000 data brokers collecting, sharing, and selling personally identifiable information about all of us all the time,” said Ron Zayas, CEO of Ironwall by Incogni. “Most people have a sense there is information available about them on the internet. But until they see how vast that volume of information is and how many ways it can be exploited, they will not fully understand the risk to themselves, their families, and their workplaces.”

    To address these concerns, Ironwall has created a personalized risk assessment to help professionals gain specific insight into not just which websites are sharing and selling their PII, but also how this content can be used to uncover more sensitive information—such as an individual’s habits, relationships, politics, and affiliations—and how that knowledge can potentially be weaponized.

    “For those in high-risk professions, just one malicious individual finding your home address online can lead to harassment, threats, or worse,” added Zayas. “With one easy-to-read risk assessment, it is our hope that anyone who sees their vulnerability will take action to keep themselves and their loved ones safe.”

    Ironwall by Incogni’s Suite of Services
    Ironwall by Incogni’s comprehensive privacy services go beyond data broker removal. The company performs a thorough search for PII across search engines, social media platforms, and people-finder sites. It also offers emergency protection for active threats, and preventive solutions that mask online activity by replacing authentic PII with content that cannot be traced back to its source.

    For a complimentary risk assessment and to learn more about how to protect your privacy, visit Ironwall Risk Assessment.

    Images to accompany this release can be found here.

    About Ironwall by Incogni
    Ironwall by Incogni strongly supports the idea of a safe and private internet. As a legally contracted agent, Ironwall works with superior courts, social work departments, and law enforcement agencies to search and remove personal information from websites in violation of state and federal privacy restrictions. Ironwall is a member of the Surfshark and NordSec family of companies. For more information, visit https://ironwall360.com/.

    Editorial Contact:
    David Hofstede
    844-476-6360 x600
    david.hofstede@360civic.com

    The MIL Network –

  • MIL-OSI: Rising Cost of Living Forces Canadians to Make Tough Sacrifices: Three in Ten Are Eating Less to Save, Sharing Expenses from Cohabiting to Carpooling, Childcare and Groceries

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 16, 2024 (GLOBE NEWSWIRE) — Under the burden of high living costs, Canadians are making difficult sacrifices and finding ways to share expenses to make ends meet and save money. According to the latest MNP Consumer Debt Index, conducted quarterly by Ipsos, nearly one-third (30%) of Canadians report that they have turned to bill-splitting strategies—such as carpooling, buying in bulk, sharing subscriptions and childcare, and cohabiting with others. More than one in ten (13%) indicate they are saving money by cohabiting with friends, partners, or family members, or by seeking out additional roommates or co-living spaces. Nearly three in 10 (28%) Canadians say they have even resorted to eating less to save money.

    “We’re witnessing a bill-splitting boom as Canadians adapt to the high cost of living. Strategies like sharing expenses and co-living arrangements showcase not only resourcefulness but also the financial pressure many are facing,” says Grant Bazian, president of MNP LTD, the country’s largest insolvency firm. “These measures reflect the harsh reality of soaring living costs, compelling Canadians to find new ways to save. It’s particularly concerning that nearly three in ten report they are cutting back on food to make ends meet.”

    Canadians are making other sacrifices to manage costs. Half (51%) say they have tried to save money by grocery shopping more strategically, and nearly half say they are avoiding impulse purchases (46%) or have stopped eating in restaurants or getting take-out (44%). The bill-splitting trend is more common among Canadians aged 18 to 34 and those living in British Columbia and Alberta. Similarly, co-habitation is more prevalent among younger Canadians, British Columbians, and those with lower income.

    Cost-Cutting Measures and Lower Interest Rates Create Breathing Room in Some Household Budgets

    Perhaps in part due to prudent cost-cutting efforts and with the pace of interest rates declining, Canadians are reporting some relief and improvements in their financial situation. The MNP Consumer Debt Index has increased by four points from the previous quarter to 89 points, signalling Canadians are feeling more positively about their personal finances. Canadians are building up the bank this quarter, reporting they have on average $155 more left over at the end of the month, reaching $937, the largest amount of money Canadians have had after all expenses in the last five years. Just over four in 10 (42%) Canadians say they are $200 or less away each month from financial insolvency – the lowest recorded proportion since September 2018 (40%).

    “While cost-saving behaviours and lower interest rates have positively impacted Canadians’ perceived financial well-being, a significant minority—close to four in 10—still report being on the brink of insolvency, indicating they are struggling to make ends meet,” says Bazian. “Still, financial pressure is easing, providing individuals with more flexibility to manage their debts and invest in their future.”

    Impact of Interest Rates on Debt and Financial Outlook

    With Canadians expecting interest rates to continue falling over the next few years, perceptions of their ability to absorb interest rate increases have improved; one quarter (24%, +3pts) say they are much better equipped to manage an interest rate increase of one percentage point than they used to be, increasing three points since last quarter. More Canadians are looking positively to the future, with three in 10 (31%, +2pts) expecting their debt situation to improve when looking ahead one year from now, and fewer believing it will worsen (12%, -4pts).

    Following three interest rate cuts this year, still almost half (48%, +1pt) of Canadians say even if interest rates decline, they are concerned about their ability to repay their debt. While slightly fewer this quarter say they will be in financial trouble if interest rates go up, more than half (54%, -3pts) still indicate they would be in trouble. Almost half of Canadians who are co-habiting (46%) or are bill-splitting (44%) are at risk of insolvency.

    “Although inflation has eased and interest rates have fallen, many Canadians continue to feel the heavy burden of accumulated debt. Despite some relief, the difficult truth is that for those grappling with significant debt, cost-cutting measures alone may not provide the support they need,” explains Bazian. “Seeking guidance from a Licensed Insolvency Trustee can be a vital step for those looking to regain control of their financial situation, and bankruptcy is not the only recourse.”

    Licensed Insolvency Trustees provide unbiased advice on options including debt consolidation, debt management plans, budgeting, and consumer proposals as well as bankruptcies. They are the only federally regulated debt professionals who are authorized to administer government-regulated insolvency solutions such as bankruptcies and consumer proposals.

    “While bill-splitting strategies can offer temporary relief, they often don’t address the root of deeper debt issues. For those feeling overwhelmed by bills and debt, seeking advice from a Licensed Insolvency Trustee is a crucial step toward long-term financial stability,” says Bazian.

    MNP’s extensive network of Licensed Insolvency Trustees provides free consultations in over 200 offices nationwide, delivering local, personalized support to help Canadians navigate their debt options.

    Looking ahead to how Canadians plan to cut costs or save money in the year to come, the survey revealed the following:

    Canadians’ Top Money-Saving Strategies For the Next 12 Months

    1. Bill Splitting – 27%
    2. Co-habitation – 14%
    3. Creating a Budget / Recording All Expenses – 14%
    4. Cancelling Subscriptions – 13%
    5. Stopping Eating in Restaurants or Getting Takeout – 13%
    6. Avoiding Impulse Purchases – 13%
    7. Reducing Utility Consumption – 13%
    8. Going Thrift Shopping – 12%
    9. Finding Free or Low-Cost Entertainment – 12%
    10. Grocery Shopping Strategically – 12%
    11. Negotiating Bills – 11%
    12. Cutting Vices – 10%
    13. Moving Somewhere More Affordable – 10%
    14. Splitting Grocery Costs / Buying in Bulk with Roommates, Friends, or Family – 9%

    About MNP LTD

    MNP LTD, a division of the national accounting firm MNP LLP, is the largest insolvency practice in Canada. For more than 50 years, our experienced team of Licensed Insolvency Trustees and advisors have been working with individuals to help them recover from times of financial distress and regain control of their finances. With more than 240 Canadian offices from coast-to-coast, MNP helps thousands of Canadians each year who are struggling with an overwhelming amount of debt. Visit MNPdebt.ca to contact a Licensed Insolvency Trustee or use our free Do it Yourself (DIY) debt assessment tools. For regular, bite-sized insights about debt and personal finances, subscribe to the MNP 3 Minute Debt Break Podcast.

    About the MNP Consumer Debt Index

    The MNP Consumer Debt Index measures Canadians’ attitudes toward their consumer debt and gauges their ability to pay their bills, endure unexpected expenses, and absorb interest-rate fluctuations without approaching insolvency. Conducted by Ipsos and updated quarterly, the Index is an industry-leading barometer of financial pressure or relief among Canadians.

    Now in its 30th wave, the Index has increased to 89 points, up four points since last quarter. Visit MNPdebt.ca/CDI to learn more.

    The data was compiled by Ipsos on behalf of MNP LTD between September 6 – September 11, 2024. For this survey, a sample of 2,000 Canadians aged 18 years and over was interviewed. Weighting was then employed to balance demographics to ensure that the sample’s composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within ±2.5 percentage points, 19 times out of 20, had all Canadian adults been polled. The credibility interval will be wider among subsets of the population. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.

    Provincial data is available upon request.

    CONTACT

    Angela Joyce, Media Relations

    p. 1.403.681.9286
    e. angela.joyce@mnp.ca

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a94d0531-ee79-439f-9dad-0eef9bc7276c

    The MIL Network –

  • MIL-OSI: DocNetwork Releases Behavioral Health Module for CampDoc and SchoolDoc

    Source: GlobeNewswire (MIL-OSI)

    ANN ARBOR, Mich., Oct. 16, 2024 (GLOBE NEWSWIRE) — DocNetwork announced the expansion of the Mental, Emotional, and Social Health (MESH) features within its CampDoc and SchoolDoc platforms. This strategic enhancement addresses the growing need to support campers and students experiencing behavioral health issues while away from home.

    As mental health concerns among youth continue to rise, camps and schools need effective tools to manage and support the well-being of their participants. Traditional camp management software and student information systems do not currently support the behavioral health needs of camps and schools.

    Recognizing this critical need, DocNetwork has amplified its commitment to mental health by integrating comprehensive MESH features that enable youth-serving organizations to better monitor, document, and respond to behavioral health challenges.

    “With the release of our Behavioral Health module, we are empowering camps and schools to provide holistic care that addresses the mental, emotional, and social needs of their campers and students,” said Dr. Michael Ambrose, Founder and CEO of DocNetwork. “By equipping camps and schools with the tools to document and assess these critical aspects of mental health, we are empowering organizations to provide the care that families expect and kids deserve.”

    Key enhancements to the CampDoc and SchoolDoc platforms include:

    • Expanded Reporting: Organizations can now record mood, affect, and cognitive functioning for campers, students, and staff, providing valuable insights into a participant’s mental, emotional and social health.
    • Comprehensive Risk Assessments: CampDoc and SchoolDoc now include dedicated tools for conducting critical risk assessments, enabling timely identification of potential risks and allowing for prompt intervention and support.
      • Suicidal Risk
      • Homicidal Risk
      • Self-Injurious Behavior
      • Abuse/Neglect
      • Bullying
    • Enhanced Privacy: With a strong commitment to privacy, DocNetwork employs role-based permissions to ensure that sensitive information is accessible only to authorized personnel who need to know, safeguarding confidentiality while facilitating effective care.

    The expansion of behavioral health functionality is a direct response to feedback from camps and schools seeking robust solutions to manage the complexities of the mental health care they provide. Organizations utilizing CampDoc and SchoolDoc will have immediate access to this new feature at no additional cost. Interested camps and schools should visit http://www.campdoc.com or http://www.schooldoc.com for more information.

    About DocNetwork
    CampDoc and SchoolDoc offer the most comprehensive Electronic Health Record (EHR) solution to help ensure the health and safety of children while they are away from home. DocNetwork is trusted by over 1,250 programs across all 50 states and internationally, including traditional day and residential camps, YMCAs, JCCs, Girl Scouts, Boy Scouts, parks and recreation facilities, colleges and universities, and K-12 public, private, and charter schools. For more information about DocNetwork and web-based health management, please visit http://www.campdoc.com, http://www.schooldoc.com, or call 734-619-8300.

    Contact:
    Michael Ambrose, M.D.
    DocNetwork
    734-619-8300
    michael@docnetwork.org

    The MIL Network –

  • MIL-OSI: Territorial Bancorp Says Blue Hill Has Provided No Basis to Deem Its Preliminary Indication of Interest Superior

    Source: GlobeNewswire (MIL-OSI)

    No Proof of Committed Financing and/or Information to Validate Its Claims that a Transaction Could Receive Regulatory Approval and Be Completed

    Hope Bancorp Merger Is the Only Opportunity that Provides Tangible Value, has a Clear Path to Close and Creates a Stronger Territorial

    Territorial Urges Shareholders to Vote FOR Hope Bancorp Merger in Advance of Special Meeting on November 6, 2024 at 8:30 a.m. Hawai‘i Time

    HONOLULU, Oct. 16, 2024 (GLOBE NEWSWIRE) — Territorial Bancorp Inc. (NASDAQ: TBNK) (“Territorial” or the “Company”) is mailing the following letter to Territorial shareholders in connection with the Company’s upcoming Special Meeting of Stockholders (the “Special Meeting”) to vote on the proposed merger with Hope Bancorp, Inc. (NASDAQ: HOPE) (“Hope Bancorp”) and related proposals. The Special Meeting is scheduled for November 6, 2024 at 8:30 a.m., Hawai‘i Time. Territorial shareholders of record as of August 14, 2024 are entitled to vote at or before the meeting. Other important information related to the Special Meeting can be found at http://www.TerritorialandHopeCombination.com.

    Dear Fellow Territorial Bancorp Shareholders,

    On November 6, 2024, Territorial Bancorp is holding a Special Meeting of Stockholders (the “Special Meeting”) to vote on our pending merger with Hope Bancorp. Failure to approve the merger could have significant negative consequences for the value of your investment and Territorial’s continued success.

    Don’t be misled: Blue Hill Advisors LLC (“Blue Hill”) has only issued press releases and presentations. Blue Hill has warned that its indication of interest is “non-binding” and has provided no evidence that it would – or could – actually pay for the Company. Moreover, there are very real concerns that Blue Hill could complete a transaction at all.

    Protect your investment: The Territorial Bancorp Board of Directors strongly recommends that all Territorial shareholders vote “FOR” the Hope Bancorp merger and related proposals TODAY. Your vote is important, no matter how many, or few, shares you own.

    The Territorial Board of Directors is Committed to Doing What is in the Best Interest of Territorial Shareholders and Pursuing the Most Value Creating Path

    Blue Hill Has Provided No Information that Would Enable the Territorial Board to Deem Its Preliminary Indication of Interest Superior or Likely to Lead to a Superior Proposal

    In negotiating the Hope Bancorp merger agreement, the Territorial Board obtained important protections for our shareholders – namely a superior proposal provision. This provision enables the Board to have discussions with parties who present an alternative to the Hope Bancorp merger so long as the alternative proposal is real, fully financed and actually or likely “superior” to the Hope transaction. To meet this standard, the alternative proposal must, among other things, be more favorable to our shareholders from a financial point of view and be reasonably likely to close. Blue Hill has not met these and other thresholds.

    • No verifiable evidence Blue Hill can actually pay for your shares and fund the likely additional capital infusion into Territorial Savings Bank required with its acquisition. Blue Hill has only referenced “capital support” and pointed to its assets under management (“AUM”), neither of which are committed financing. Proving committed financing is easy so long as you have it, but Blue Hill has not provided any such evidence, which compounds doubts about its credibility and the credibility of its preliminary indication of interest. Assets under management are assets that belong to other people and Blue Hill has not shown it has any authority to access those funds to pay for Territorial.  
    • No confidence that its proposed transaction is reasonably likely to close.
      • Lack of M&A and regulatory experience: Blue Hill has made vague references to having M&A experience. However, Territorial has found no information to prove that Blue Hill has previously applied for – or secured – regulatory approvals for any transaction of this size and complexity. If Blue Hill has such a track record, where is it? 
      • Evasive about obtaining required regulatory approvals or simply ignoring them: The takeover of an entire bank, as Blue Hill is seeking, is likely a controlled acquisition under banking law. The coordinated efforts of six “discrete” investors per Blue Hill’s proposal would likely be viewed as a group that is “acting in concert,” increasing regulatory scrutiny and requirements – none of which Blue Hill has acknowledged or addressed. Nor have they offered even a guess as to how long these approvals will take.
      • Rejected by regulators: Blue Hill has refused to disclose the identity of its “discrete investors” and replacement Board and management. What is Blue Hill hiding? In addition, no information has been provided on how it would address safety and soundness issues regarding interest rate risk, liquidity, capital and earnings, which are paramount to regulators. Blue Hill’s lack of information all but ensures that regulatory applications would be rejected as soon as they were submitted.
      • Failed tender offer: Territorial has an approximately 50% retail shareholder base and a fragmented institutional investor base. Given these facts, it is highly unlikely that Blue Hill would be able to complete the 70% tender offer it has proposed.
    • No assurances that Blue Hill will stand by its price and not reduce it if the Hope Bancorp merger agreement was terminated or following its unspecified “due diligence.” Keep in mind – Hope Bancorp reduced its proposal for Territorial after conducting due diligence, and Blue Hill has explicitly stated that its indication of interest is conditioned on due diligence and is non-binding.
    • No assurances that Blue Hill won’t put its interests before your own: Blue Hill has entered into secret side agreements with its “discrete” investors. The terms of these agreements have not been disclosed and Blue Hill has not offered any governance structure, much less one that protects your interests.

    On four occasions we have publicly provided Blue Hill with a roadmap of the basic elements that need to be addressed before we would be able to engage in discussions with them under the terms of the Hope Bancorp merger agreement. Despite this, Blue Hill has repeatedly failed to provide credible and verifiable information as to these basic elements.

    Given these and other factors, the Territorial Board has not concluded that the Blue Hill proposal constitutes or is reasonably likely to lead to a superior proposal, as defined by the Hope Bancorp merger agreement. As a result, the only way to unilaterally engage in discussions with Blue Hill would be to break our obligations under the Hope Bancorp merger agreement, which would expose Territorial and our shareholders to substantial, costly litigation risk and the possibility of no transaction at all.

    Territorial Shareholders Are at Great Risk If the Hope Bancorp Merger is Terminated and the Only Strategic Alternative is Blue Hill

    The Value of Your Shares Could Decline Substantially

    • Hope Bancorp addresses Territorial’s business challenges. Blue Hill does not: While the overall market may have changed, Territorial’s business fundamentals have not. As a standalone, monoline, one- to four-family loan focused bank, Territorial faces substantial business and regulatory risks – even in a declining interest rate environment. The Company has been operating at a loss over multiple quarters; loan growth is flat; and revenues are declining.

      These and other factors led to the Board’s decision to cut Territorial’s dividend to essentially $0 and enter into the Hope Bancorp merger agreement. While our challenges would be addressed by Hope Bancorp’s larger, stronger, more diversified platform, Blue Hill offers nothing to benefit the business if the Hope Bancorp agreement is terminated. Indeed, with Blue Hill, Territorial would have the same standalone hurdles that it does today and potentially much worse.

    • With Blue Hill, the value of your shares and protection of your rights could be substantially diminished: If Blue Hill is unable to complete a 100% tender, the remaining Territorial shareholders would be left with an illiquid, stub minority investment in a controlled company and with limited rights. Stub stocks generally trade at a lower price and valuation and can be highly volatile.
    • A Blue Hill transaction would be taxable; the Hope Bancorp merger is not. Blue Hill’s tax consequences could potentially leave shareholders with less – in some cases substantially less – than the per share value Blue Hill has proposed.
    • Territorial shareholders will not immediately receive any payment for their shares while any transaction with Blue Hill is sitting in regulatory limbo. Given the time-value-of-money, delays mean that the net value of Blue Hill’s preliminary indication of interest, if completed, would be substantially less than what it has proposed. Meanwhile, your stock would remain tied up during the Blue Hill tender and could not be sold.

    The Hope Bancorp Merger Is the Best, Most Value-Creating Opportunity for Territorial Shareholders at Close and Over the Long-term

    Unlike the illusion that Blue Hill is promoting, the value creation and other benefits from the Hope Bancorp merger are real and achievable.

    • 100% tax free, stock-for-stock transaction: 0.8048 shares of Hope Bancorp for each Territorial share owned
    • ~25% premium to Territorial’s closing stock price just prior to merger announcementi
    • 1,000%+ increase to Territorial’s standalone dividend (from $0.01 to $0.11 per share)ii
    • Upside value opportunity by being invested in larger, more diversified company with a strong capital position and larger investment platform that is better positioned to navigate varying market environments
    • $10.5M of incremental value from annual merger enabled cost savings and synergies
    • Proven management team with strong record of superior value creation – total shareholder returns (“TSR”) outperforming peers
    • Choice as shareholders could also choose liquidity now if they prefer not to stay invested in the combined organization

    The merger will also create significant benefits for our customers, employees and local Hawai‘i communities. Hope Bancorp values the relationships we have established and wants to build on them.

    • We will continue to operate under the Territorial name.
    • Our local branches and operations will be led by local teams – Territorial’s customers can benefit from additional choices and rely on the same people they know and respect.
    • Employees will continue to receive competitive compensation and benefits and will have additional career opportunities.
    • We will continue to support and invest in our local communities.

    The Territorial Board Continues to Recommend that Shareholders Vote FOR the Hope Bancorp Merger

    The Territorial Board takes its fiduciary responsibilities seriously. Absent more information from Blue Hill, there is no basis to engage with Blue Hill or reach a determination that their illusory, non-binding, highly conditional preliminary indication of interest is superior, likely to lead to a superior proposal, or is in Territorial shareholders’ best interests.

    In contrast, with Hope Bancorp, we will become part of a larger, more diversified regional bank, unlocking new value creation opportunities for shareholders while building on our more than 100-year legacy of serving and supporting our local Hawai‘i communities.

    We are on a path to complete the Hope Bancorp transaction by the end of this year, subject to the condition that a majority of our shares are voted in favor of it. Your vote is important – no matter how many, or how few, shares you own. Every vote counts.

    So please, join me and the entire Territorial Board and management team by voting FOR the Hope Bancorp merger by internet, phone or mail today.

    Sincerely

    Allan S. Kitagawa
    Chairman of the Board, President and Chief Executive Officer

    Your Vote Is Important, No Matter How Many or How Few Shares You Own!
    Please take a moment to vote FOR the proposals set forth on the enclosed proxy card — by Internet, telephone toll-free or by signing, dating and returning the enclosed proxy card or voting instruction form. Vote well in advance of the Special Meeting on November 6, 2024 at 8:30 a.m. Hawaiʻi Time. 

    If you have questions about how to vote your shares, please contact: 
    Laurel Hill Advisory Group 

    Call toll-free: (888) 742-1305
    Banks and brokers should call: (516) 933-3100
    Email: info@laurelhill.com


    About Us

    Territorial Bancorp Inc., headquartered in Honolulu, Hawaiʻi, is the stock holding company for Territorial Savings Bank. Territorial Savings Bank is a state-chartered savings bank which was originally chartered in 1921 by the Territory of Hawaiʻi. Territorial Savings Bank conducts business from its headquarters in Honolulu, Hawaiʻi, and has 28 branch offices in the state of Hawaiʻi. For additional information, please visit https://www.tsbhawaii.bank/.

    Additional Information about the Hope Merger and Where to Find It

    In connection with the proposed Hope Merger, Hope has filed with the U.S. Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4, containing the Proxy Prospectus, which has been mailed or otherwise delivered to Territorial’s stockholders on or about August 29, 2024, as supplemented September 12, 2024. Hope and Territorial may file additional relevant materials with the SEC. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE PROXY PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR FURNISHED OR WILL BE FILED OR FURNISHED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. You may obtain any of the documents filed with or furnished to the SEC by Hope or Territorial at no cost from the SEC’s website at http://www.sec.gov.

    Forward-Looking Statements

    Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, expectations regarding the low-cost core deposit base, diversification of the loan portfolio, expansion of market share, capital to support growth, strengthened opportunities, enhanced value, geographic expansion, and statements about the proposed transaction being immediately accretive. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” or similar expressions. With respect to any such forward-looking statements, Territorial Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. The closing of the proposed transaction is subject to regulatory approvals, the approval of Territorial Bancorp stockholders, and other customary closing conditions. There is no assurance that such conditions will be met or that the proposed merger will be consummated within the expected time frame, or at all. If the transaction is consummated, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among things: difficulties and delays in integrating Hope Bancorp and Territorial Bancorp and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; deposit attrition, operating costs, customer loss and business disruption following the merger, including difficulties in maintaining relationships with employees and customers, may be greater than expected; and required governmental approvals of the merger may not be obtained on its proposed terms and schedule, or without regulatory constraints that may limit growth. Other risks and uncertainties include, but are not limited to: possible further deterioration in economic conditions in Hope Bancorp’s or Territorial Bancorp’s areas of operation or elsewhere; interest rate risk associated with volatile interest rates and related asset-liability matching risk; liquidity risks; risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates; the failure of or changes to assumptions and estimates underlying Hope Bancorp’s or Territorial Bancorp’s allowances for credit losses; potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations; the outcome of any legal proceedings that may be instituted against Hope Bancorp or Territorial Bancorp; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of either or both parties to the proposed transaction; and diversion of management’s attention from ongoing business operations and opportunities. For additional information concerning these and other risk factors, see Hope Bancorp’s and Territorial Bancorp’s most recent Annual Reports on Form 10-K. Hope Bancorp and Territorial Bancorp do not undertake, and specifically disclaim any obligation, to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.

    Investor / Media Contacts:
    Walter Ida
    SVP, Director of Investor Relations
    808-946-1400
    walter.ida@territorialsavings.net

                                                                    

    i Based on Territorial and Hope Bancorp’s closing prices as of 4/26/24 (day before merger announcement)
    ii Based on 0.8048 fixed exchange ratio and Hope Bancorp’s $0.14 current per share dividend

    The MIL Network –

  • MIL-OSI: iPower Completes First Purchase Order Shipment from Vietnam in September

    Source: GlobeNewswire (MIL-OSI)

    RANCHO CUCAMONGA, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, today announced the successful shipment of its first purchase order (PO) from Vietnam in September. This marks a significant milestone in iPower’s ongoing strategy to diversify its supply chain and expand its global reach.

    Building on its previous engagements with manufacturers in Vietnam, iPower is now realizing the first tangible outcomes of this collaboration. The initial PO was shipped in September, with additional shipments scheduled for this month and continuing thereafter. By diversifying the Company’s supply chain with global partners, iPower ensures greater stability and efficiency while reducing reliance on specific regions.

    The expansion into Vietnam presents meaningful cost-saving opportunities for iPower. As products begin to arrive in the U.S. and commence sales, the Company anticipates benefiting from reduced production and logistics expenses. These lower costs will enable iPower to offer more competitive pricing while improving margins, an essential factor for long-term, sustainable growth.

    iPower remains dedicated to expanding and diversifying its supply chain to build a more resilient and efficient global network. Collaborating with Vietnamese manufacturers is a key component of a larger strategy to explore new sourcing opportunities across the globe. This initiative is aimed at bolstering iPower’s capabilities to meet growing consumer demand while reinforcing its competitive position in the marketplace.

    “The shipment of our first purchase order from Vietnam marks a critical milestone in our supply chain diversification strategy,” said Lawrence Tan, CEO of iPower. “By reducing costs and expanding our global reach, we are positioning iPower for greater efficiency and long-term stability. We look forward to continuing our efforts to diversify and strengthen our supply chain through future shipments and strategic partnerships.”

    About iPower Inc.

    iPower Inc. is a tech and data-driven online retailer, as well as a provider of value-added ecommerce services for third-party products and brands. iPower’s capabilities include a full spectrum of online channels, robust fulfillment capacity, a network of warehouses serving the U.S., competitive last mile delivery partners and a differentiated business intelligence platform. iPower believes that these capabilities will enable it to efficiently move a diverse catalog of SKUs from its supply chain partners to end consumers every day, providing the best value to customers in the U.S. and other countries. For more information, please visit iPower’s website at http://www.meetipower.com.

    Investor Relations Contact

    Sean Mansouri, CFA or Aaron D’Souza
    Elevate IR
    (720) 330-2829
    IPW@elevate-ir.com

    The MIL Network –

  • MIL-OSI: Blue Mantis and HYCU® Partner to Deliver Enhanced SaaS Application Management, Protection and Compliance

    Source: GlobeNewswire (MIL-OSI)

    PORTSMOUTH, NH and BOSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) — Blue Mantis, a premier provider of managed services, cybersecurity and cloud solutions, today announced a strategic partnership and integration agreement with HYCU, Inc., a leader for modern data protection for on-prem, cloud services, and SaaS, and one of the fastest growing companies in the industry. This collaboration will help Blue Mantis clients using AWS, Azure and Google Cloud, as well as a broad array of leading SaaS platforms, to instantly identify and backup their cloud and SaaS applications, determine vulnerabilities and remediate compliance gaps.

    In Q4 Blue Mantis will offer a free version of HYCU R-Graph™, the industry’s first and only SaaS visualization solution for data protection. HYCU R-Graph helps visualize a company’s entire data estate, including on-premises, cloud, and SaaS applications and data. Additionally, Blue Mantis plans to bring a HYCU Managed Backup Services Offering to market in 2025.

    “In today’s multi-cloud world, many organizations rely on SaaS applications to run their businesses, yet many still struggle with SaaS sprawl, which compromises their ability to protect and backup data and ensure compliance,” said Josh Dinneen, CEO, Blue Mantis. “Our partnership with HYCU allows Blue Mantis to address this complex challenge head-on by providing our clients with a proven solution that delivers unmatched visibility, protection, and compliance capabilities.”

    As technology continues to expand and evolve, organizations at the forefront of SaaS application deployments in conjunction with Cloud-Native or Cloud-Hybridized environments are realizing potential gaps in business resiliency, as well as their overall security posture and compliance initiatives. From a recent HYCU global survey, “The State of SaaS Resilience in 2024,” 43% of respondents said they lack staff with the required skills to protect SaaS application data leaving the growing number of SaaS applications in use across organizations at risk of being unprotected and unable to recover.

    “HYCU’s partnership with Blue Mantis represents a strategic alignment of our capabilities and vision,” said Simon Taylor, Founder and CEO, HYCU, Inc. “Blue Mantis’s expertise in managed services, cybersecurity, and cloud solutions truly complements HYCU’s advanced SaaS and cloud data protection solutions perfectly. By teaming, we can offer companies a powerful combination of Blue Mantis’s security-first approach and HYCU’s cutting-edge resiliency and data protection solutions. We will offer a powerful way to navigate the complexities of multi-cloud environments along with the emergence of SaaS application use for greater efficiency and security.”

    The integration of HYCU R-Graph into Blue Mantis’ service offerings provides several key advantages:

    • Improved Vulnerability Identification: R-Graph’s advanced analytics capabilities will help Blue Mantis more effectively identify potential security vulnerabilities in their clients’ cloud infrastructures.
    • Enhanced SaaS Application Protection: Blue Mantis clients will benefit from comprehensive data protection for the widest number of SaaS applications available in the industry currently, ensuring business continuity and minimizing data loss risks and recovery time from outages.
    • Streamlined Compliance Management: The solution will simplify compliance processes by providing detailed insights into data storage, access, and usage across multiple cloud platforms.
    • Cross-Cloud Data Visibility: Customers will gain a unified view of their data across Azure, AWS, and Google Cloud, facilitating better decision-making and resource allocation.

    About HYCU
    HYCU is the fastest-growing leader in the multi-cloud and SaaS data protection as a service industry. By bringing true SaaS-based data backup and recovery to on-premises, cloud-native, and SaaS IT environments, the company provides unrivaled data protection, migration, disaster recovery, and ransomware protection to thousands of companies worldwide. The company’s award-winning R-Cloud platform eliminates complexity, risk, and the high cost of legacy-based solutions, providing data protection simplicity to make it the #1 SaaS Data Protection platform. With an industry-leading NPS score of 91, HYCU has raised $140M in VC funding to date and is based in Boston, Mass. Learn more at http://www.hycu.com.

    About Blue Mantis
    Blue Mantis is a security-first, IT solutions and services provider with a 30+ year history of successfully helping clients achieve business modernization by applying next-generation technologies including managed services, cybersecurity and cloud. Headquartered in Portsmouth, New Hampshire, the company provides digital technology services and strategic guidance to ensure clients quickly adapt and grow through automation and innovation. Blue Mantis partners with more than 1,250 leading mid-market and enterprise organizations in a multitude of vertical industries and is backed by leading private equity firm, Recognize. For more information about Blue Mantis and its services, please visit http://www.bluemantis.com.

    CONTACTS:
    Sarah Foote, CMO
    Blue Mantis

    Don Jennings
    HYCU, Inc.
    617-791-1710
    don.jennings@hycu.com

    The MIL Network –

  • MIL-OSI: MCQ Markets Announces Lamborghini Giveaway: Enter to Win a 2015 Lamborghini Huracan

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 16, 2024 (GLOBE NEWSWIRE) — MCQ Markets is pleased to announce an exciting opportunity for car enthusiasts and thrill seekers alike – the chance to win a Lamborghini valued at over $187,000. This iconic supercar, along with a trip to Miami, could all be yours – and here’s how.

    How to Enter:

    1. Visit http://www.mcqmarkets.com
    2. Fill out the official entry form.

    For 1 additional entry, complete the following steps:

    1. Include your Instagram handle in the entry form.
    2. Follow @mcqmarkets on Instagram.
    3. Tag 2 friends in the comments on the giveaway post.
    4. Like the post and comment where you’d drive the Lamborghini, using the hashtag #MCQMarketsGiveaway.

    Along with the car, the grand prize includes an all-expenses-paid trip to Miami for an exclusive presentation event. The trip includes one-way economy airfare from the major airport nearest the winner’s residence and two nights of hotel accommodations (ARV: up to $2,000). Total ARV of Grand Prize: $189,000. The winner must pick up the car in Miami and attend the presentation between February 26 and March 3, 2025.

    The promotion begins at 12:00 a.m. ET on October 7, 2024 and ends at 11:59 p.m. ET on January 15, 2025.

    The giveaway is open to legal residents of the 50 United States (excluding Hawaii) and the District of Columbia, as well as Canada (excluding Quebec), who have reached the age of majority in their state or province. Full eligibility details and official rules can be found on the entry page.

    About MCQ Markets

    MCQ Markets is redefining luxury asset ownership by making exotic automobiles attainable through its innovative fractional ownership model. The platform serves both passionate enthusiasts and seasoned investors, democratizing luxury ownership and allowing more individuals to invest in assets that were previously out of reach. For more information, please visit: https://www.mcqmarkets.com/

    No money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the issuer with the SEC has been qualified by the SEC, any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind. You must read the offering documents filed with the SEC before investing and the additional information available at: https://www.sec.gov/Archives/edgar/data/2025795/000149315224023512/partiiandiii.htm

    Prize: 2015 White Lamborghini Huracan with 27,000 miles

    Contact Information:

    MCQ Markets Media Contact
    Email: press@mcqmarkets.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/245064eb-c805-4725-bbca-faf6dfc96276

    The MIL Network –

  • MIL-OSI: NMI Holdings, Inc. to Announce Third Quarter 2024 Financial Results on November 6, 2024; Reminder to Register for Annual Investor Day to be Held on November 21, 2024

    Source: GlobeNewswire (MIL-OSI)

    EMERYVILLE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) — NMI Holdings, Inc. (NASDAQ: NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its third quarter ended September 30, 2024 after the market close on Wednesday, November 6, 2024.

    The company will hold a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company’s website at https://ir.nationalmi.com/events-and-presentations. The call can be accessed by dialing (844) 481-2708 in the U.S. or (412) 317-0664 internationally by referencing NMI Holdings, Inc.

    A replay of the webcast as well as the earnings press release and any supplemental information will be available on the company’s website.

    Investor Day Registration Reminder
    NMI Holdings will host its annual Investor Day on Thursday, November 21, 2024, from 9:00 am to
    11:30 am Eastern Time at the St. Regis Hotel in New York City. The event will be live streamed at NMIH 2024 Investor Day and on the company’s website at https://ir.nationalmi.com/events-and-presentations. Presentation materials will be available in advance of the event and archived on the company’s website at https://ir.nationalmi.com/events-and-presentations. A replay of the webcast will be archived and available on the company’s website following the event.

    NMI Holdings, Inc. Annual Investor Day
    November 21, 2024
    9:00 am – 11:30 am ET
    St. Regis Hotel, Two East 55th Street at Fifth Avenue
    New York, NY 10022

    To register for the event, please follow the link below:
    Register Now

    To register via email: investor.relations@nationalmi.com.

    About NMI Holdings

    NMI Holdings, Inc. (NASDAQ: NMIH) is the parent company of National Mortgage Insurance Corporation (National MI), a U.S.-based, private mortgage insurance company enabling low-down-payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower’s default. To learn more, please visit http://www.nationalmi.com.

    Investor Contact
    Gregory Epps
    Manager, Investor Relations and Treasury
    Gregory.Epps@Nationalmi.com

    The MIL Network –

  • MIL-OSI: Rocket Software’s GenAI Advancements for Hybrid Cloud Revolutionize Mainframe and Cloud Integration

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., Oct. 16, 2024 (GLOBE NEWSWIRE) — Rocket Software, Inc. (“Rocket Software”), a global technology leader in modernization software, is advancing its mission of supporting enterprises at every stage of their modernization journey by expanding its Hybrid Cloud solutions to include cutting-edge generative AI (GenAI) functionality. These enhancements harness GenAI and automation to streamline the modernization of the business applications and data upon which businesses run. The goal of the new capabilities is to improve organizational agility and decision-making by unlocking the value of these applications and data, bridging them into hybrid cloud strategies.

    Global enterprises recognize AI’s role in enhancing efficiency and performance both in application modernization and in the broader scheme of enhancing organizational value. According to a 2024 Forrester survey commissioned by Rocket Software, 66% of respondents report that AI has significantly boosted efficiency in their IT modernization efforts, while 59% note improved technological capabilities for both employees and customers.

    “A number of industries are facing increasing pressure to prioritize decision-making for operational performance and risk management,” said Michael Curry, President of Data Modernization at Rocket Software. “The new and enhanced products in our Hybrid Cloud solution suite accelerate application understanding, streamline data integration, and enhance productivity. With over 34 years of experience, we have a unique vantage point from which we can help organizations unlock value from core business applications, while future-proofing operations.”

    Rocket Software continues to enhance its Hybrid Cloud solutions, enabling customers to take advantage of scalable, cost-efficient GenAI and automation in a safe way, that prioritizes robust security and regulatory compliance. This reflects the company’s commitment to delivering customer value through innovation, evidenced by the introduction of new and upgraded products, including:

    • Rocket® Content Smart Chat: Provides a secure conversational AI interface for sensitive document access and querying, streamlining unstructured data classification, while ensuring regulatory compliance by keeping critical data in protected governance environments. Rocket Software was recognized as a Major Player in the 2024 IDC MarketScape for Intelligent Content Services, in part for its SmartChat Feature, underscoring its innovation in delivering intelligent, scalable, and AI-driven content services.
    • Rocket®Enterprise Suite: Provides an AI natural language assistant to facilitate code analysis and accelerate mainframe application modernization and cloud transitions, enhancing developer productivity by simplifying complex code and the migration to cloud-native environments. Enterprise Suite is a key capability in modernization solutions from major Cloud Service Providers (CSPs) like Amazon Web Services® (AWS®), Google® Cloud Platform (GCP), and Microsoft ®Azure®.
    • Rocket®Visual COBOL®: Employs an AI natural language assistant to simplify COBOL code understanding, modernize applications, and ensure seamless integration with hybrid cloud environments. This reduces the learning curve for developers, accelerating the modernization of distributed COBOL applications and integrating seamlessly with hybrid cloud infrastructures while preserving core business logic.

    “Following the acquisition of AMC, Rocket Software is releasing new functionality in less than six months—an uncommon move in the industry where many mature software companies tend to slow down evolution after an acquisition,” said Peter Rutten, Research Vice-President, Performance Intensive Computing, IDC, “This rapid progression highlights Rocket’s commitment to enhancing support for mainframe and distributed COBOL application modernization and re-platforming in alignment with hybrid cloud and migration strategies.”

    These new additions will join the company’s existing Hybrid Cloud solutions including Rocket® Data Intelligence, Rocket® Data Replicate and Sync, Rocket® Mobius®, Rocket® Cloud Connector, and Rocket® Data Virtualization, to round out the suite and further enhance end-to-end modernization and real-time data management.

    To learn more about these GenAI advancements and Rocket Software’s complete Hybrid Cloud solutions, visit its website here.

    Amazon Web Services and AWS are trademarks of Amazon Technologies, Inc.
    Google is a trademark of Google LLC
    Microsoft and Azure are trademarks of Microsoft Corporation

    About Rocket Software
    Rocket Software is a global technology leader in modernization and a partner of choice that empowers the world’s leading businesses on their modernization journeys, spanning core systems to the cloud. Trusted by over 12,500 customers and 750 partners, and with more than 3,000 global employees, Rocket Software enables customers to maximize their data, applications, and infrastructure to deliver critical services that power our modern world. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. Follow Rocket Software on LinkedIn and Twitter or visit http://www.RocketSoftware.com.

    Media Contact
    Lacey Darrow
    ldarrow@rocketsoftware.com

    The MIL Network –

  • MIL-OSI: Vimeo and the European Film Academy Partner to Celebrate Filmmakers and Bring “Staff Picks” Content to an All-New Audience

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) — Vimeo (NASDAQ: VMEO), the world’s most innovative video platform, is proud to announce its new partnership with the European Film Academy to celebrate the diversity and layered richness of European filmmaking.

    This exciting collaboration builds upon both organizations’ shared mission to celebrate creators as they educate, entertain and inspire audiences worldwide. As part of the partnership, the European Film Academy will provide a new destination for European audiences to discover extraordinary films and filmmakers, including some Vimeo Staff Picks content, on its website. Vimeo will also serve as the exclusive title sponsor of the European Short Film category at the European Film Awards this December, underscoring its dedication to supporting emerging talent and celebrating exceptional creativity within the European film community. The category will be renamed “EUROPEAN SHORT FILM – Prix Vimeo.”

    “We are deeply honored to collaborate with the European Film Academy to celebrate the visionary European filmmakers who are shaping the future of cinema,” said Philip Moyer, CEO of Vimeo. “Europe has been an authentic soul for storytelling for centuries, and the European Short Film Awards is one of the most respected showcases for exceptional new talent within the European film community. Vimeo is committed to supporting European filmmakers with tools, and visibility. We are proud to support the European Film Awards’ short film competition with the EUROPEAN SHORT FILM – Prix Vimeo award, as the organization recognizes and inspires new generations of European filmmakers.”

    The European Film Academy is a long standing customer, using Vimeo’s OTT service to deliver video-on-demand to its members. Vimeo also hosts its European Film Club platform. This expanded partnership introduces exciting new avenues for creative expression and recognition. The European Film Awards’ website will now showcase its weekly selection of European Film Award-nominated short films and Vimeo Staff Picks. This creates an opportunity to celebrate short films all year long and will provide film enthusiasts access to an ever evolving collection of exceptional content.

    Vimeo will also lend its support to the prestigious European short film category of the European Film Awards, taking place on December 7, 2024 in Lucerne, Switzerland.

    “This expanded partnership with Vimeo marks exciting new steps for the European Film Academy,” said Matthijs Wouter Knol, CEO and Director of the European Film Academy. “Together, we can amplify the voices of some of the world’s most talented filmmakers and provide them with an even greater platform for their innovative storytelling to flourish. We are happy to join forces and are particularly thrilled to welcome Vimeo “Staff Picks” to our Awards’ website, offering our members and film enthusiasts a curated selection of exceptional films from the Vimeo community.”

    For more information, please visit: https://www.europeanfilmawards.eu/vimeo/

    About Vimeo

    Vimeo (NASDAQ: VMEO) is the world’s most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world’s largest companies – whose videos receive billions of views each month. Learn more at http://www.vimeo.com.

    About the European Film Academy

    The European Film Academy is a non-profit organization dedicated to supporting and promoting European cinema. Founded in 1988, the Academy seeks to support and connect its 5,000 members and celebrates and promotes their work. Its aims are to share knowledge and to educate audiences of all ages about European cinema. Positioning itself as a leading organisation and facilitating crucial debates within the industry, the Academy strives to unite everyone who loves European cinema, culminating annually in the Month of European Film and the European Film Awards, by including European film heritage in its portfolio and by expanding its focus on young audiences through the European Film Club. Learn more at http://www.europeanfilmacademy.org.

    Contact: 
    Frank Filiatrault
    Director of Communications
    frank.filiatrault@vimeo.co

    The MIL Network –

  • MIL-OSI: Lionpoint Group Rebrands to Alpha Alternatives, Highlighting Depth and Breadth of Services and Solutions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) — Lionpoint Group (“Lionpoint”), part of the Alpha Financial Markets Consulting Group (“Alpha”), and a leading global consultancy to the alternative investments sector, has announced its rebranding to Alpha Alternatives.

    Founded in 2003, Alpha is a leading global provider of management and technology consulting to the financial services industry. Lionpoint was acquired by Alpha in 2021 and the rebranding to Alpha Alternative reflects a long-standing commitment by Alpha to providing highly specialized, sector focused solutions, including a major proven offering for the alternative investments sector.

    “We are delighted to announce the rebranding of Lionpoint to Alpha Alternatives, highlighting our growing strength in the rapidly expanding alternatives investment sector. This milestone reinforces our ability to deliver together to provide the very best management and consulting solutions across our consolidated organization,” commented Luc Baqué, Group Chief Executive Officer of Alpha FMC.

    With a deep understanding of industry-specific challenges and opportunities, and a strong delivery record developed over more than ten years, Lionpoint has built a global reputation as a specialist provider of management and technology consulting services to private equity, private credit, real estate, and infrastructure managers. Since joining the Alpha group, Lionpoint has deepened and broadened the range of services and solutions that it provides to help alternative investment managers define their business strategy, adopt leading technology and business solutions, and reduce operational risk and costs.

    “The transition to Alpha Alternatives enables us to deliver an even broader range of services and expertise not only to our alternative investment manager clients, but also to the growing number of our Group’s asset management clients who are building up alternatives capabilities. This rebrand will make it easier for clients and the market to recognize and leverage the full depth of Alpha’s capabilities,” said Nick Fienberg, Global Head of Alpha Alternatives.

    The rebrand to Alpha Alternatives confirms the success of the integration of the Lionpoint business as Alpha’s specialist alternatives consulting boutique and reflects its position as the leading advisor to private markets clients worldwide. The Alpha group encompasses a premier and integrated set of solutions for the financial services industry, enabling clients to access seamlessly the full range of capabilities that it offers.

    “Since joining Alpha in 2021, we’ve expanded our reach and delivered impactful solutions for our clients. This rebrand reflects the powerful synergy between our specialist expertise in alternatives and Alpha’s broader capabilities in asset management and insurance that are continuously converging, creating new opportunities and value for our clients,” added Jonathan Balkin, Lionpoint Co-Founder, Head of North America and Global Head of Private Equity & Credit for Alpha Alternatives.

    For more information about Alpha Alternatives and its services, visit http://alternatives.alphafmc.com.

    About Alpha FMC
    Alpha Financial Markets Consulting is a leading global consultancy to the financial services industry. Alpha combines highly specialist, sector-focused management consulting and technology expertise to support the client transformation lifecycle. Founded in 2003, it now has over 1,000 consultants across North America, UK, Europe, MENA and APAC.
    To learn more, visit: http://www.alphafmc.com

    About Alpha Alternatives
    Alpha Alternatives is an industry leader in delivering operations transformation and technology enablement solutions to the private markets investment industry. With 300 consultants and a global reach spanning eight offices worldwide, Alpha Alternatives is uniquely positioned to provide specialized support to clients, with unique experience and qualified resources.

    Media Contact
    Dylan Foster
    dfoster@wearecsg.com

    The MIL Network –

  • MIL-OSI: DigiAsia Corp. and Digit9 Announce Strategic Collaboration

    Source: GlobeNewswire (MIL-OSI)

    ~ Enhancing Cross Border Payments ~

    ABU DHABI, United Arab Emirates and NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) — DigiAsia Corp. (NASDAQ: FAAS) (“DigiAsia” or the “Company”), a leading Fintech as a Service (FaaS) ecosystem provider, has announced a strategic collaboration with Digit9, the cross-border payments orchestration platform developed by LuLu Money Singapore, a wholly owned subsidiary of Abu Dhabi-based LuLu Financial Holdings.

    The partnership with Digit9 will enhance DigiAsia’s offering and competitiveness in servicing the cross-border payments needs for Indonesian consumers and SMEs in Indonesia and the GCC.

    Further, DigiAsia will be able to leverage Digit9’s wide network of partners and the ability to facilitate cross-border payments in more than 150 markets globally, to create efficient and cost-effective cross-border payment rails to further support Indonesian consumers and SMEs.

    DigiAsia estimates that the partnership with Digit9 will generate an estimated US$250mn volume annually in cross-border payments.

    DigiAsia and Digit9 will continue strategic partnership discussions and look to launch innovative products and services in the cross-border payments space in the near future.

    About DigiAsia

    DigiAsia is a leading Fintech as a Service (FaaS) provider operating a B2B2X model offering its complete Fintech solution in emerging markets. DigiAsia’s fintech architecture offers small and medium business enterprises (SMEs) comprehensive embedded finance APIs to streamline processes across the commerce value chain of distributors and customers. DigiAsia’s embedded fintech solutions equally address democratizing digital finance access that supports financial inclusion of underbanked merchants and consumers in emerging markets resulting in growth for enterprise business. The suite of B2B2X solutions provided by DigiAsia include, but are not limited to, cashless payments, digital wallets, digital banking, remittances and banking licenses. DigiAsia has recently established a strategic initiative to develop its embedded FaaS enterprise solution with AI capabilities in Southeast Asia, India, and the Middle East, with plans for global expansion. For more information, please visit DigiAsia’s Corporate website here or Investor Relations website here.

    About Digit9

    Digit9 is a payments orchestration platform tailored to meet the diverse needs of financial institutions. It seamlessly integrates an array of payment methods, banks, and service providers, simplifying the complexities of cross-border payments. Digit9 has been developed by LuLu Money Singapore, a wholly owned subsidiary of LuLu Financial Holdings.

    About LuLu Financial Holdings

    LuLu Financial Holdings is a leading global financial services provider, offering a wide range of services including cross-border payments, currency exchange, and financial technology solutions. With over 350 customer engagement centers in over 10 countries and a commitment to innovation and customer satisfaction, LuLu Financial Holdings continues to set benchmarks in the financial services industry.

    Forward-Looking Statements:

    This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning DigiAsia and the Company’s operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. DigiAsia cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world including those discussed in DigiAsia’s Form 20-F under the headings “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and DigiAsia specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

    DigiAsia Company Contact:
    Subir Lohani
    Chief Financial Officer and Chief Strategy Officer
    646-480-0142

    Lulu Financial Holdings Company Contact:
    Ajit Johnson
    Head of Strategic Business Relations
    ajit.johnson@lulufin.com

    Investor Contact:
    MZ North America
    Email: FAAS@mzgroup.us

    The MIL Network –

  • MIL-OSI: Thrive Acquires Michigan-based Safety Net

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) — Thrive, a global technology outsourcing provider for cybersecurity, Cloud, and IT managed services, today announced the acquisition of Safety Net, a leading Michigan-based IT services firm. With the acquisition, Thrive will expand its reach to the Midwest, enabling Safety Net’s customers to have access to Thrive’s industry-leading global Security Operation Center (SOC) & Hybrid Cloud solutions.

    Thrive’s mission is to empower their customers to harness the promise of technology, achieving success by proactively utilizing IT, cybersecurity, and Cloud best practices to drive ROI and desired business outcomes for their valued clients. The union of Thrive and Safety Net will ensure that customers in Michigan will continue to enjoy the exceptional high-touch managed services they’ve come to love, along with newly enhanced 24x7x365 global SOC, cybersecurity, and hybrid cloud resources.

    “Safety Net’s similar business philosophies and company culture are a perfect fit as our Midwest regional platform,” said Rob Stephenson, CEO of Thrive. “Their product and service sophistication, client first mentality, and dedicated team of talented engineers will allow Thrive to grow in Michigan, as well as expand deeper into other Midwest markets with their strong leadership team.”

    This latest acquisition comes at a time of strong growth for Thrive, having completed eleven previous acquisitions over the past two years, most recently acquiring The Longleaf Network. In addition to geographic expansion, Thrive continues to grow its service offerings to meet the growing needs of its customers, including Thrive Incident Response & Remediation, Managed Detection and Response, and Dark Web Monitoring.

    “With over two decades of providing strategic IT solutions to Michigan businesses, our team is excited to accept the challenge of accelerating our growth to become the premier managed services provider in the Midwest,” said Tim Cerny, CEO of Safety Net. “Our mission seamlessly aligns with Thrive’s commitment to deliver the best technology outcomes for customers. With their partnership, we look forward to elevating our technology capabilities to fulfill the rapidly emerging IT complexity that our clients face.”

    To learn more about Thrive and its offerings, visit the website.

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

    Contacts
    Amanda Maguire
    thrive@v2comms.com

    The MIL Network –

  • MIL-OSI: Arctic Wolf 2024 Human Risk Behavior Snapshot Reveals Nearly Two-Thirds of Security and IT Leaders Have Fallen for Phishing Attacks

    Source: GlobeNewswire (MIL-OSI)

    EDEN PRAIRIE, Minn., Oct. 16, 2024 (GLOBE NEWSWIRE) — Arctic Wolf®, a global leader in security operations, today published findings from its 2024 Human Risk Behavior Snapshot based on a global survey the company commissioned with Sapio Research of more than 1,500 senior IT and security decision-makers and end- users from over sixteen different countries.

    As modern threat actors gain access to increasingly more sophisticated AI tools, employees play an even more critical role in their organizations cyber defenses. The 2024 Arctic Wolf Human Risk Behavior Snapshot aims to provide business leaders and security practitioners with a better understanding of the people practices and behaviors in their organizations in a post gen-AI world and offer insight into common human risk elements.

    Key findings from the report include:

    • Consequences for Human-Related Security Failures are Steep: 27% of IT leaders have witnessed an employee termination for falling victim to a scam.
    • IT Leaders Prove to be Delinquent in Security Practices: More than a third (36%) of IT leaders have disabled security measures on their system.
    • Overconfidence Rings True for IT Professionals: 80% of IT leaders are confident their organization won’t fall for a phishing attack, despite the fact that 64% have clicked on phishing links themselves.
    • Password Reuse is Still a Significant Challenge: 68% of IT and cybersecurity leaders admit to reusing system passwords.
    • AI Policies Still in Early Adoption: 60% of IT leaders say their organization has an AI policy—but less than a third (29%) of end users are aware of it.

    “Protecting against the human element is a concern security practitioners have held as a top priority for years – and the data in the 2024 Arctic Wolf Human Risk Behavior Snapshot proves both leaders and end users still have a lot of work to ensure that they as individuals aren’t adversely impacting the overall security of their organizations,” said Adam Marre, chief information security officer, Arctic Wolf. “Cybersecurity isn’t just about technology—it’s about people. As threat actors grow more sophisticated, security leaders must move beyond traditional security training methods and adopt a comprehensive human risk management strategy that will not only help them to better identify and mitigate threats, but more importantly foster a more proactive and security-conscious workforce.”

    Security awareness training has historically been a core pillar of security operations, but traditional training solutions that operate on an annual cadence and offer a “check the box” approach to compliance are wildly ineffective, leaving employees unengaged and uninformed about the latest attacks targeting them. This snapshot report reveals how important it is for IT and security leaders to embrace the concept of human risk management within their organizations and explores how solutions such as Arctic Wolf Managed Security Awareness can help create a security culture instead of a culture of blame.

    For additional insights from Arctic Wolf’s Human Risk Behavior Snapshot, visit arcticwolf.com to download the full report and register for the 2024 Cybersecurity Awareness Month Summit by region below:

    Additional Resources:

    About Arctic Wolf:
    Arctic Wolf® is a global leader in security operations, enabling customers to manage their cyber risk in the face of modern cyber-attacks via a premier cloud-native security operations platform. The Arctic Wolf Security Operations Cloud ingests and analyzes more than 5.5 trillion security events a week to help enable cyber defense at an unprecedented capacity and scale, empowering customers of virtually any size across a wide range of industries to feel confident in their security posture, readiness, and long-term resilience. By delivering automated threat protection, response, and remediation capabilities, Arctic Wolf delivers world-class security operations with the push of a button so customers can defend their greatest assets at the speed of data.

    Press Contact:
    Lauren Back
    pr@arcticwolf.com

    © 2024 Arctic Wolf Networks, Inc., All Rights Reserved. Arctic Wolf, Arctic Wolf Platform, Arctic Wolf Security Operations Cloud, Arctic Wolf Managed Detection and Response, Arctic Wolf Managed Risk, Arctic Wolf Managed Security Awareness, Arctic Wolf Incident Response, and Arctic Wolf Concierge Security Team are either trademarks or registered trademarks of Arctic Wolf Networks, Inc. or Arctic Wolf Networks Canada, Inc. and any subsidiaries in Canada, the United States, and/or other countries.

    The MIL Network –

  • MIL-OSI: Gilat Satellite Networks to Present at the 17th Annual LD Micro Invitational Conference

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, Oct. 16, 2024 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it will be presenting at the 17th annual LD Micro Invitational on Wednesday, October 30, at 8 am PT at the Luxe Sunset Boulevard Hotel in Los Angeles. Gil Benyamini, Chief Financial Officer, will be giving the Gilat presentation.

    In addition, Mr. Benyamini, Gilat’s CFO and Ms. Mayrav Sher (Head of Finance & IR) will be available for one-on-one meetings with investors throughout the conference days. To schedule a meeting please contact an LD Micro representative or email a request to the Gilat investor relations team at Mayravs@gilat.com.

    We invite interested parties to register to watch the presentation remotely at Here.

    About LD Micro
    LD Micro, a wholly owned subsidiary of Freedom US Markets, was founded in 2006 with the sole purpose of being an independent resource in the micro-cap space. Whether it is the Index, comprehensive data, or hosting the most significant events annually, LD’s sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies. For more information on LD Micro, visit http://www.ldmicro.com.

    Please reach out to the company representative below or Dean Summers (dean@ldmicro.com) to register for the event and schedule a meeting with the company.

    To learn more about Freedom US Markets, visit http://www.freedomusmkts.com.

    About Gilat 
    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we create and deliver deep technology solutions for satellite, ground, and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Our portfolio includes a diverse offering to deliver high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS). Our offering is comprised of a cloud-based platform and high-performance satellite terminals; high-performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense, field services, network management software, and cybersecurity services.

    Gilat’s comprehensive offering supports multiple applications with a full portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com 

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the current terrorist attacks by Hamas, and the war and hostilities between Israel and Hamas and Israel and Hezbollah. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

    Contact: 
    Gilat Satellite Networks
    Hagay Katz, Chief Products and Marketing Officer 
    hagayk@gilat.com

    Gilat Satellite Networks
    Mayrav Sher, Head of Finance and Investor Relations 
    mayravs@gilat.com

    The MIL Network –

  • MIL-OSI: Medallion Financial Corp. to Report 2024 Third Quarter Results on Tuesday, October 29, 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) — Medallion Financial Corp. (NASDAQ: MFIN, the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its results for the quarter ended September 30, 2024, after the market closes on Tuesday, October 29, 2024.

    CONFERENCE CALL AND WEBCAST INFORMATION

    A conference call to discuss the financial results will be held the next morning, October 30, 2024.

    How to Participate

    • Date: Wednesday, October 30, 2024
    • Time: 9:00 a.m. Eastern time
    • U.S. dial-in number: (833) 816-1412
    • International dial-in number: (412) 317-0504
    • Live webcast: Link to Webcast of 3Q24 Earnings Call

    A link to the live audio webcast of the conference call will also be available at the Company’s IR website.

    Replay Information

    The webcast replay will be available at the Company’s IR website until the next quarter’s results are announced.

    The conference call replay will be available following the end of the call through Wednesday, November 6.

    • U.S. dial-in number: (844) 512-2921
    • International dial-in number: (412) 317-6671
    • Passcode: 1019 3247

    INDIVIDUAL MEETING INFORMATION

    To increase relations with institutional investors, management has dedicated time to hosting individual meetings with portfolio managers and analysts after its earnings conference call. If you are interested in scheduling a meeting with management, please contact investorrelations@medallion.com or (212) 328-2176.

    About Medallion Financial Corp.

    Medallion Financial Corp. (NASDAQ:MFIN) and its subsidiaries originate and service a growing portfolio of consumer loans and mezzanine loans in various industries. Key industries served include recreation (towable RVs and marine) and home improvement (replacement roofs, swimming pools, and windows). Medallion Financial Corp. is headquartered in New York City, NY, and its largest subsidiary, Medallion Bank, is headquartered in Salt Lake City, Utah. For more information, please visit http://www.medallion.com.

    Company Contact:

    Investor Relations
    212-328-2176
    InvestorRelations@medallion.com

    The MIL Network –

  • MIL-OSI: Suspected Digital Fraud Coming from Canada Up Nearly 11% Since H1 2023, Reveals New TransUnion Analysis

    Source: GlobeNewswire (MIL-OSI)

    In H1 2024, 5.7% of all attempted digital transactions originating from Canada were suspected to be Digital Fraud; more than half (54%) of Canadians said they were recently targeted by fraud attempts.

    Canadian business leaders said their companies lost approximately 6% of their equivalent revenue – representing $78 billion – over the past year due to fraud.

    TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) — In the first half (H1) of 2024, Canada saw a significant increase in suspected Digital Fraud attempts, with nearly 5.74% of all attempted digital transactions where the consumer was located in Canada involving suspected Digital Fraud, revealed a new TransUnion® (NYSE: TRU) analysis. This is nearly an 11% year-over-year (YoY) rate increase from H1 2023, and TransUnion also documented an 11% increase in the volume of suspected Digital Fraud from Canada during this period, despite a less than a one percent (0.7%) YoY increase in the volume of transactions.

    According to a recent TransUnion survey,1 more than half (54%) of Canadians said they were recently targeted by email, phone call or text message fraud attempts. Phishing was the most common scheme type (45%), followed by smishing (42%) and vishing (39%).

    The increasing use of digital transactions, combined with rising suspected Digital Fraud attempts are also impacting businesses as they potentially face revenue losses and increased operational costs due to fraud. According to a TransUnion business survey for the H2 2024 Update to the State of Omnichannel Fraud report, 200 Canadian business leaders said their companies lost approximately 6% of equivalent revenue – representing $78 billion – over the past year due to fraud. The most prominent causes of fraud loss cited by them were:

    • Scam/Authorized fraud (31%): Dishonest scheme intended to trick a person into giving up something of value (e.g., account access, money, information)
    • Account takeover (19%): Unauthorized individuals taking over someone’s online account (e.g., bank, social media, email) without their permission
    • Synthetic identity fraud (18%): Use of a combination of personal information to fabricate a person or entity to commit a dishonest act for financial or personal gain

    TransUnion also found that suspected Digital Fraud attempts – where the consumer was transacting in Canada and targeted businesses globally – increased on average by 10.5% YoY in H1 2024 compared to H1 2023 and impacted all industries.

    Top Three Industries Globally with Highest Rate of Suspected Digital Fraud Attempts Coming from Canada in H1 2024

    1. Gambling (online sports betting, poker, etc.) – 9.6%
    2. Retail – 9.2%
    3. Government – 7.7%

    Top Three Industries Globally with Highest YoY Increase (H1 2024 vs H1 2023) in the Rate of Suspected Digital Fraud Attempts Coming from Canada

    1. Logistics – 172.9%
    2. Gambling – 79.3%
    3. Video gaming – 67.8%

    “Protecting customers and their businesses from fraud is essential to enabling safe and tailored consumer experiences. These findings reveal that despite the good-faith efforts that are being undertaken by companies to identify and prevent fraud to date, fraudsters continue to evolve and it’s vital that fraud prevention methods keep up with the changing times,” said Patrick Boudreau, head of identity management and fraud solutions at TransUnion Canada.

    “Businesses that aren’t already doing so should ensure that they are taking advantage of fraud prevention technologies such as identity verification, IP intelligence, device reputation and synthetic identity detection as critical components of their fraud prevention programs,” he added.

    For more insights, read the H2 2024 Update to the State of Omnichannel Fraud report.

    About the Analysis
    TransUnion came to its conclusions about Digital Fraud based on intelligence from its identity and fraud product suite that helps secure trust across channels and delivers efficient consumer experiences – TransUnion TruValidate® The rate or percentage of suspected Digital Fraud attempts reflect those that TransUnion customers determined met one of the following conditions: 1) denial in real time due to fraudulent indicators, 2) denial in real time for corporate policy violations, 3) determined to be fraudulent upon customer investigation, or 4) determined to be a corporate policy violation upon customer investigation —compared to all transactions it assessed for fraud. 

    Specific country and regional data in the report include the United States, Botswana, Brazil, Canada, Chile, Colombia, the Dominican Republic, Hong Kong, India, Kenya, Mexico, Namibia, the Philippines, Puerto Rico, Rwanda, South Africa, Spain, the United Kingdom and Zambia.

    Consumers who believe they may be a victim of fraud can find resources and information here.

    About TransUnion®(NYSE: TRU)
    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries, including Canada, where we’re the credit bureau of choice for the financial services ecosystem and most of Canada’s largest banks. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this by providing 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.
    For more information visit: http://www.transunion.ca

    ____________________
    1 TransUnion Q3 2024 Consumer Pulse survey of 1,000 consumers – conducted between July 16–23, 2024.

    The MIL Network –

  • MIL-OSI: LanzaTech Awarded $3 Million from U.S. Department of Energy to Advance Conversion of Waste CO2 into Valuable Chemicals

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 16, 2024 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein, has been awarded $3 million by the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM), as part of a broader $29 million investment program to advance its carbon management priorities. LanzaTech’s Project ADAPT (“Accelerating Decarbonization via Advanced Production Technologies”) was selected to address FECM’s priority of converting carbon dioxide (CO2) into environmentally responsible and economically valuable products.

    LanzaTech’s Project ADAPT builds upon the Company’s existing capabilities of using CO2 as a feedstock to produce isopropanol at a pilot scale and aims to advance the process and platform with the following key focus areas:

    1. Versatility in Feedstock Use: Enhancing the platform’s ability to process a range of gas mixes with CO2
    2. Microbial Strain Optimization: Employing advanced gene-editing techniques to develop tailored microbial production strains for making isopropanol and other prevalent chemicals
    3. Cost and Efficiency Improvements: Refining the end-to-end process to be more cost-effective, efficient, and more robust

    Isopropanol is a common alcohol used in an array of everyday products such as cleaning agents and is also a precursor to the propylene value chain. Propylene, which is a building block for packaging, medical supplies, automotive products, among many other applications, has a thriving demand market that is projected to approach $150 billion and 180 million tons by 2030. Importantly, isopropanol production has the ability to achieve greenhouse gas savings of over 200% when produced from recycled CO2 instead of fossil carbon, and a non-fossil commercial production pathway does not exist today.

    Project ADAPT will primarily be funded by the FECM investment of $3 million and includes a Company funded cost share portion of approximately $0.8 million, totaling an estimated project cost of $3.8 million. Revenue and costs related to this project will be reported as Joint Development Agreement and Contract Research results for LanzaTech, and the majority of revenue is expected to be received and benefit financial results in 2025 and 2026.

    “We are thrilled to receive this support from the U.S. Department of Energy to progress our work around scaling the conversion of waste CO2 to make some of the world’s most needed chemicals,” said Dr. Jennifer Holmgren, CEO of LanzaTech. “CO2 is an essential feedstock of today and the future, and Project ADAPT leverages our expertise and existing operations to accelerate the commercialization of transformational carbon capture and utilization technologies that deliver cleaner and more sustainable energy and products.”

    The projects supported by FECM’s investment program are in keeping with the Biden-Harris Administration’s aggressive climate ambitions of reaching a carbon-neutral power sector by 2035 and net-zero greenhouse gas emissions by 2050.

    About LanzaTech
    LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein for everyday products. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. By partnering with companies across the global supply chain like ArcelorMittal, Zara, H&M Move, Coty, On, and LanzaJet, LanzaTech is paving the way for a circular carbon economy. For more information about LanzaTech, visit https://lanzatech.com.

    Forward Looking Statements
    This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs, assumptions, projections and conclusions of LanzaTech’s management. Forward-looking statements are inherently subject to risks, uncertainties and assumptions, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are not guarantees of future performance, conditions or results, and you should not rely on forward-looking statements.

    Generally, statements that are not historical facts, including those concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following:

    • Timing delays in the advancement of projects to the final investment decision stage or into construction;
    • Failure by customers to adopt new technologies and platforms;
    • Fluctuations in the availability and cost of feedstocks and other process inputs; • The availability and continuation of government funding and support;
    • Broader economic conditions, including inflation, interest rates, supply chain disruptions, employment conditions, and competitive pressures;
    • Unforeseen technical, regulatory, or commercial challenges in scaling proprietary technologies, business functions or operational disruptions; and
    • Other economic, business, or competitive factors, and other risks and uncertainties, including the risk factors and other information contained in LanzaTech’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as well as other existing and future filings with the U.S. Securities and Exchange Commission.

    Any forward-looking statement herein is based only on information currently available to LanzaTech and speaks only as of the date on which it is made. LanzaTech undertakes no obligations 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.

    LanzaTech Global, Inc.

    Investor Relations
    Kate Walsh
    VP, Investor Relations & Tax
    Investor.Relations@lanzatech.com

    Media Relations
    Kit McDonnell
    Director of Communications
    press@lanzatech.com

    The MIL Network –

  • MIL-OSI: YieldMax™ ETFs Announces Distributions on FIAT (105.76%), CONY (101.35%), ULTY (100.99%), YMAX (51.97%), YMAG (62.33%) and Others

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO and MILWAUKEE and NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) — YieldMax™ today announced distributions for the YieldMax™ ETFs listed in the table below.

    ETF
    Ticker    1    		 ETF Name Reference
    Asset    		 Distribution
    per Share    		 Distribution
    Frequency    		 Distribution
    Rate    2,4,5    		 30-Day
    SEC Yield    3    		 Ex-Date &
    Record Date    		 Payment
    Date
    YMAX YieldMax™ Universe Fund of Option Income ETFs Multiple $0.1747 Weekly 51.97% 62.93% 10/17/2024 10/18/2024
    YMAG YieldMax™ Magnificent 7 Fund of Option Income ETFs Multiple $0.2261 Weekly 62.33% 50.85% 10/17/2024 10/18/2024
    CONY YieldMax™ COIN Option Income Strategy ETF COIN $1.1098 Every 4 Weeks 101.35% 3.70% 10/17/2024 10/18/2024
    FIAT   YieldMax™ Short COIN Option Income Strategy ETF COIN $1.4513 Every 4 Weeks 105.76% 3.22% 10/17/2024 10/18/2024
    MSFO YieldMax™ MSFT Option Income Strategy ETF MSFT $0.5077 Every 4 Weeks 33.76% 3.33% 10/17/2024 10/18/2024
    AMDY YieldMax™ AMD Option Income Strategy ETF AMD $0.9212 Every 4 Weeks 84.48% 3.24% 10/17/2024 10/18/2024
    NFLY YieldMax™ NFLX Option Income Strategy ETF NFLX $0.7929 Every 4 Weeks 59.84% 3.45% 10/17/2024 10/18/2024
    ABNY YieldMax™ ABNB Option Income Strategy ETF ABNB $0.8003 Every 4 Weeks 61.67% 2.84% 10/17/2024 10/18/2024
    PYPY YieldMax™ PYPL Option Income Strategy ETF PYPL $1.1042 Every 4 Weeks 75.73% 2.94% 10/17/2024 10/18/2024
    ULTY YieldMax™ Ultra Option Income Strategy ETF Multiple $0.8267 Every 4 Weeks 100.99% 0.00% 10/17/2024 10/18/2024
    Scheduled for next week: YMAX YMAG MSTY YQQQ AMZY APLY AIYY DISO SQY SMCY


    The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling     (833) 378-0717.

    Note: DIPS, FIAT, CRSH and YQQQ are hereinafter referred to as the “Short ETFs”.

    Distributions are not guaranteed.   The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

    Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

    1All YieldMax™ ETFs (except YMAX,YMAG and ULTY) have a gross expense ratio of 0.99%. YMAX and YMAG have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs. ULTY has a gross expense ratio of 1.24% but the investment adviser has agreed to a 0.10% fee waiver through at least February 28, 2025.

    2The Distribution Rate shown is as of close on October 15, 2024. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.

    3 The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended September 30. 2024, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period. As of such date, the ULTY subsidized and unsubsidized 30-Day SEC Yields were 0.00% and 0.00%, respectively. The subsidized yield reflects fee waivers in effect while the unsubsidized yield does not adjust for any fee waivers in effect.

    4 Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.

    5 As of the date hereof, distributions for the following ETFs have included return of investor capital: TSLY, OARK, APLY, AMZY, NVDY, GOOY, JPMO, XOMO, PYPY, CONY, DISO, FBY, MSFO, NFLY, SQY, AMDY, MRNY, AIYY, MSTY, ULTY, YMAX, YMAG, YBIT, SNOY, CRSH,GDXY and FIAT. For additional information, please visit http://www.YieldMaxETFs.com/TaxInfo.

    Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

    Standardized Performance

    For YMAX, click here. For YMAG, click here. For TSLY, click here. For OARK, click here. For APLY, click here. For NVDY, click here. For AMZY, click here. For FBY, click here. For GOOY, click here. For NFLY, click here. For CONY, click here. For MSFO, click here. For DISO, click here. For XOMO, click here. For JPMO, click here. For AMDY, click here. For PYPY, click here. For SQY, click here. For MRNY, click here. For AIYY, click here. For MSTY, click here. For ULTY, click here. For YBIT, click here. For CRSH, click here. For GDXY, click here. For SNOY, click here. For ABNY, click here. For FIAT, click here. For DIPS, click here. For BABO, click here. For YQQQ, click here. For TSMY, click here. For SMCY, click here. For PLTY, click here

    Prospectuses

    Click here.

    Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information are in the prospectus. Please read the prospectuses carefully before you invest.

    There is no guarantee that any Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment in any such Fund.

    Tidal Financial Group is the adviser for all YieldMax™ ETFs and ZEGA Financial is their sub-adviser.

    THE FUND, TRUST, AND SUB-ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

    Risk Disclosures (applicable to all YieldMax ETFs referenced above, except the Short ETFs)

    YMAX and YMAG generally invest in other YieldMax™ ETFs. As such, these two Funds are subject to the risks listed in this section, which apply to all the YieldMax™ ETFs they may hold from time to time.

    Investing involves risk. Principal loss is possible.

    Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer time periods.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX®, SNOW, ABNB, BABA, TSM, SMCI, PLTY), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Risk Disclosures (applicable only to BABO and TSMY)

    Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

    Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

    Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

    Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting and investor protection standards than U.S. issuers.

    Risk Disclosures (applicable only to GDXY)

    Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

    Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies.

    The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX®), which subjects the Fund to some of the same risks as if it owned GDX®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small-and Medium-Capitalization companies.

    Risk Disclosures (applicable only to YBIT)

    YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

    Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

    Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

    Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

    Risk Disclosures (applicable only to the Short ETFs)

    Investing involves risk. Principal loss is possible.

    Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

    Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer time periods.

    Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Risk Disclosures (applicable only to YQQQ)

    Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

    Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

    Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given time period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

    YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, YieldMax™ ETFs or ZEGA Financial.

    © 2024 YieldMax™ ETFs

    The MIL Network –

  • MIL-OSI: Cathay Cargo Leveraged Descartes Air Cargo Tracking Solution to Help Support Safe Journey of Giant Pandas

    Source: GlobeNewswire (MIL-OSI)

    MELBOURNE, Australia and ATLANTA, Oct. 16, 2024 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Cathay Cargo, a global provider of air freight services, leveraged Descartes’ Bluetooth® Low Energy air cargo tracking solution for real-time condition and location monitoring of Giant Pandas An An and Ke Ke as they were safely transported from Chengdu, China to Hong Kong. The pandas arrived at Hong Kong’s international airport on September 26, 2024.

    “We’re excited that our technology played a role in the safe arrival of such a special shipment from Chengdu to Hong Kong,” said Frank Hung, VP Sales and Marketing at Descartes. “With our advanced IoT-based tracking capabilities, our customers are not only able to monitor the location of their shipments in real-time, but also shipment conditions such as temperature, light, vibration and humidity—which takes on an even more important dimension for Cathay Cargo in this unique situation.”

    Cathay Cargo has used the Descartes solution as part of its Ultra Track cargo tracking service since 2021. The solution helps the air cargo carrier provide customers with real-time shipment location and condition status for airport-to-airport moves of high value goods such as electronics, perishables and pharmaceuticals. The Ultra Track service is available in 29 airports across Cathay Cargo’s network.

    The Descartes air cargo tracking solution is designed to help airlines and ground handling agents (GHA) provide forwarding and shipper customers with end-to-end shipment visibility. Descartes Bluetooth® Low Energy powered tags placed on Unit Load Devices (ULD) or pallets provide location and condition status data that is captured by Descartes Bluetooth® Low Energy readers. Readers are part of the Descartes global Internet of Things (IoT) network and a Descartes Global Logistics Network™ service. Shipment status can be tracked whether goods are in the air or on the ground to help the air cargo community automate the end-to-end tracking of freight location and shipment status information such as precise temperature, movement, shock, light and humidity.

    “We’re pleased to have supported Cathay Cargo in this extraordinary endeavor,” said Scott Sangster, General Manager, Logistics Service Providers at Descartes. “Customers with temperature-controlled, time-sensitive and other specialized cargo expect to be kept informed of the location, condition, and chain of custody of their air shipment throughout its journey. By building out our IoT network in more geographies, deploying active readers across more locations and expanding the reach of the network, we’re helping the air cargo industry meet requirements for real-time, multi-dimensional cargo visibility and facilitate more secure, efficient, and responsive logistics operations.”

    About Cathay Cargo

    Cathay Cargo is the air-freight business division of the Cathay Group and one of the leading air-cargo operators in the world, operating from its hub in Hong Kong. Cathay Cargo provides services to more than 90+ cargo destinations around the world, operating a dedicated freighter fleet of 14 Boeing 747-8F and six 747-400ERFs (Extended Range Freighter) aircraft, in addition to cargo space on Cathay Pacific’s large fleet of passenger aircraft. The Cargo division also includes Air Hong Kong, an express cargo carrier operating in partnership with DHL, and manages Cathay Cargo Terminal at Hong Kong International Airport. It is also the cargo general sales agent for the Cathay Group’s low-cost carrier HK Express. Cathay is a member of the Swire Group and is listed on the Hong Kong Stock Exchange (HKSE). For more information, please visit http://www.cathaycargo.com.

    About Descartes

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

    Global Media Contact
    Cara Strohack                                                                     
    Tel: +1(800) 419-8495 ext. 202025                                 
    cstrohack@descartes.com  

    Cautionary Statement Regarding Forward-Looking Statements

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

    The MIL Network –

  • MIL-OSI: JCS Solutions CEO Selected as a Cyber50 Executive for the First Time

    Source: GlobeNewswire (MIL-OSI)

    FAIRFAX, Va., Oct. 16, 2024 (GLOBE NEWSWIRE) — JCS Solutions LLC, a premier provider of cybersecurity and technology services, today announced that its Founder and CEO, Raji Bezwada, has been named a Cyber50 Executive by the Northern Virginia Technology Council. The Cyber50 Awards are highly coveted in the cybersecurity landscape, honoring the forward-thinking leaders and innovators who are breaking the mold and pushing the envelope of what’s possible in the industry.

    “Federal agencies are on a noble mission when it comes to cybersecurity, as they’re wholly committed to protecting our nation’s people, critical infrastructure, data and beyond. We match the determination of our federal customers and support them every step of the way,” said Raji Bezwada, CEO of JCS. “I attribute my success and that of the company to the wonderful team we’ve built here at JCS. Their dedication and hard work never cease to amaze me, and I thank them for that every day.”

    Bezwada founded JCS in 2014, and in doing so, created an approachable, inclusive and encouraging workplace culture where she ensures employees feel engaged and valued. Her leadership extends beyond the office walls to the broader community, serving as a mentor, volunteer, and a Board of Director of TiE DC, a nonprofit dedicated to nurturing the next generation of entrepreneurs.

    To view the full list of Cyber50 Award winners, please visit NVTC.

    About JCS Solutions
    JCS is a premier federal technology services firm specializing in innovative digital transformation, cybersecurity operations, and threat mitigation solutions that elevate and secure customer missions. The company is recognized for its deep expertise, top workplace, and mature operations. It is rated Level 3 for CMMI-DEV and CMMI-SVC and holds ISO 9001, ISO/IEC 20000-1 and ISO/IEC 27000-1 certifications. The 8(a) WOSB is headquartered in Fairfax, Virginia. jcssolutions.com

    Contact:
    Josette Oder-Moynihan
    josette@boscobel.com
    703-869-4403

    The MIL Network –

  • MIL-OSI: POET Wins “Best in Artificial Intelligence” Honors at 2024 Global Tech Awards

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, has been named the winner of the “Best in Artificial Intelligence” category at the prestigious 2024 Global Tech Awards, announced on October 14. The honor is the third top prize the Company has received in 2024, following recognition by the AI Breakthrough Awards for “Best Optical AI Solution” and the Gold Prize for “AI Innovator of the Year” from the Merit Awards.

    POET Technologies was chosen as the Best in the Artificial Intelligence category due to “its innovative approach to powering AI networks and hyperscale data centers.” “POET’s commitment to improving the performance and scalability of AI infrastructure sets it apart as a leader in the industry,” commented Sirisha Lanka, Managing Director of the Global Tech Awards. Founded in 2022, the awards’ mandate is to “recognize and celebrate excellence in technology.” Among the judges were executives from enterprises such as Amazon, Microsoft, and Oracle. 

    “We’re thrilled to be recognized by industry experts who acknowledge the groundbreaking nature and positive commercial impacts of the POET Optical Interposer™ platform technology and the growing suite of products we are building from it,” said Dr. Suresh Venkatesan, POET Chairman & CEO. “Winning the Best in Artificial Intelligence honor from the Global Tech Awards is another stellar indication of why an increasing number of the leading companies in our industry are turning to POET for solutions that will help them grow their market share and assist them in developing new products that address the demand for AI networking and data center connectivity.”

    About POET Technologies Inc.
    POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers.  POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems.  POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained “Edge” computing applications and sensing applications, such as LIDAR systems for autonomous vehicles.  POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore.  More information about POET is available on our website at http://www.poet-technologies.com.

    About Global Tech Awards
    The Global Tech Awards is a prestigious platform that recognizes and celebrates the very best in technology. With a focus on innovation creativity and excellence, the Global Tech Awards aims to identify and reward the most exceptional technology solutions and services from around the world. The awards are open to businesses, organizations and individuals who are creating and delivering innovative technologies that are driving progress and shaping the future. If you are developing cutting-edge technology and want to showcase your achievements to the world, consider entering the Global Tech Awards today. http://www.globaltechaward.com


    Forward-Looking Statements
    This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products and expectations regarding its successful penetration of the Artificial Intelligence hardware markets.

    Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, the size, future growth and needs of Artificial Intelligence network suppliers, management’s expectations regarding the success and timing for completion of its development efforts, the introduction of new products, financing activities, future growth, recruitment of personnel, reorganization efforts, plans for and completion of projects by the Company’s consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure of Artificial Intelligence networks to continue to grow as expected, the failure of the Company’s products to meet performance requirements for AI and datacom networks, lack of sales in its products, lack of sales by its customers to end-users, operational risks in the completion of the Company’s projects, risks affecting the Company’s ability to complete its products, the ability of the Company to generate sales for its products, the ability of its customers to generate sales for products that incorporate the Company’s products, the ability to attract key personnel, the failure of its reorganization efforts and the ability to raise additional capital when needed. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
    120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96c01282-3fb8-4e31-b9b1-b8c12e73564d

    The MIL Network –

  • MIL-OSI: WithSecure Corporation to publish interim report for January-September 2024 on 23 October 2024

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Press Release, 16 October 2024 at 16:00 EEST

    WithSecure Corporation to publish interim report for January-September 2024 on 23 October 2024

    WithSecure Corporation will publish its interim report for January-September 2024 on Wednesday 23 October 2024 at approximately 08:00 EEST.

    WithSecure’s CEO Antti Koskela and CFO Tom Jansson will present the results in a webcast starting at 14:00 EEST. The webcast will be held in English and can be accessed at https://withsecure.videosync.fi/q3-2024/register. Questions are requested in written format in the webcast portal.

    Analysts following WithSecure are invited to follow the presentation at Flik Studio Stage, Itämerentori 2, Helsinki.

    Presentation material and the webcast recording will be available on the company’s website at https://www.withsecure.com/en/about-us/investor-relations.

    Contact information:

    Laura Viita
    VP, Controlling, investor relations and sustainability
    WithSecure Corporation
    +358 50 487 1044
    investor-relations@withsecure.com

    The MIL Network –

  • MIL-OSI: Atos launches its Experience Operations Center in partnership with Nexthink to empower digital workplace performance

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Atos launches its Experience Operations Center in partnership with Nexthink to empower digital workplace performance

    Experience Operations Center leverages proactive, AI-driven efficiencies to drive new levels of productivity and employee satisfaction

    Boston, United States and Paris, France – October 16, 2024 – Atos today launches in partnership with Nexthink their state-of-the-art Experience Operations Center (XOC) offering. The joint XOC delivers digital workplace operations that enhance end-user experience through enabling real-time, AI-driven efficiencies and boosting workplace productivity. Atos was one of Nexthink’s first managed services partners; this new offering builds on their 8-year partnership rooted in helping organizations create employee-centric workplaces that drive innovative and sustainable business value.

    Powered by Atos Real-Time Data Processing Framework (RTDPF) which captures billions of workplace and devices data, and Nexthink Infinity, XOC integrates data from sources such as IT service management, endpoint, contact center and identity management platforms within the digital workplace, to provide a unified, real-time performance overview. Beyond the analytical insights provided by standard workplace analytics, the XOC command center proactively pinpoints user experience issues, 24/7 and in real time.

    Its serverless architecture reveals hidden patterns and forecasts based on historical data and Atos 10-year expertise in digital experience management, allowing agile and responsive decision-making and problem resolution before users are affected.

    Leon Gilbert, Senior Vice President Digital Workplace Atos, said: “Focusing on employee experience is crucial for organizations to drive performance, streamline efficiency, and boost profitability. Our innovative Experience Operations Center helps achieve this ambition by leveraging state-of-the-art automation and AI that put humans at the heart of their problem-solving capabilities”.

    Atos leverages Nexthink’s digital workplace observability and automation platform to streamline issue detection, diagnostics and remediation. By helping companies to go from proactive incident identification to automated fixes in minutes, Nexthink’s platform supports XOC offering to deliver cost reduction, time savings, improved sustainability and increased employee performance. Going forward, Atos and Nexthink continue to collaborate to enhance the employee experience offered to their clients.

    Yassine Zaied, Chief Strategy Officer, Nexthink, said: “Atos has long been an innovator in the end user computing space, and this latest offering will once again challenge the status quo for the better. Today, the Digital Employee Experience is no longer just a consideration, it’s central to every successful digital transformation. It demands a systematic, not ad-hoc, approach. Atos XOC has such transformative potential and we’re proud to play a pivotal role in driving this evolution forward”.

    The Experience Operations Center compliments Atos’ Digital Workplace portfolio offerings by real-time insights in the digital workplace experience, proactive issue detection and accelerated resolution. Atos teams provide end-to-end employee experience solutions through digital collaboration and productivity tools, as well as intelligent customer care services. They currently deliver workplace analytics services to 1.8 million devices globally. In March 2024, Gartner positioned Atos as a Leader in its 2024 Magic Quadrant for Outsourced Digital Workplace Services (ODWS) for the eighth consecutive year.

    ***

    About Atos

    Atos is a global leader in digital transformation with c. 92,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

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

    About Nexthink

    Nexthink is the leader in digital employee experience management software. The company provides IT leaders with unprecedented insight allowing them to see, diagnose and fix issues at scale impacting employees anywhere, with any application or network, before employees notice the issue. As the first solution to allow IT to progress from reactive problem solving to proactive optimization, Nexthink enables its more than 1,200 customers to provide better digital experiences to more than 15 million employees. Dual headquartered in Lausanne, Switzerland and Boston, Massachusetts, Nexthink has 9 offices worldwide.

    Press contacts

    Atos: Isabelle Grangé | isabelle.grange@atos.net | +33 (0) 6 64 56 74 88

    Nexthink: press@nexthink.com

    Attachment

    The MIL Network –

  • MIL-OSI: Applied Systems, Ivans and EZLynx Recognized in the 2024 PropertyCasualty360 Insurance Luminaries Awards

    Source: GlobeNewswire (MIL-OSI)

    Chicago, IL., Oct. 16, 2024 (GLOBE NEWSWIRE) — Applied Systems today announced that the company and two of its subsidiaries, Ivans and EZLynx, have been named to PropertyCasualty360’s Insurance Luminaries Class of 2024 in the categories of Technology Innovation and Innovation in Workplace Culture. The Technology Innovation category recognizes those advancing the insurance industry through digitalization and customer experience improvements. The Innovation in Workplace Culture category honors those enhancing the industry’s reputation as a career choice and promoting employee satisfaction through diversity, wellness, ESG initiatives, and community service.

    • Applied Systems – Innovation in Workplace Culture
    • Ivans – Technology Innovation – Company Category
    • Applied Pay – Technology Innovation – Product Category
    • EZLynx Management System – Technology Innovation – Product Category

    “My colleagues and I are thrilled to be able to recognize pace-setting insurance organizations, programs, practices, teams, and individuals as part of the annual PropertyCasualty360 Insurance Luminaries recognition program,” says Elana Ashanti Jefferson, executive editor, NU Property & Casualty. “This year’s honorees pay homage to the industry’s mission to make insureds whole after a major loss while adapting to challenging business conditions created by historic storms, inflation, and litigation trends.”

    This recognition celebrates innovation in the property and casualty insurance industry. The program spotlights top professionals, teams, organizations, programs, practices and products within the sector that strive to modernize and humanize the business. The 2024 honorees were selected by a panel of industry experts based on how well they stated and achieved goals with regards to the nomination category; how impactful their work has been; how dedicated the nominee has been to furthering modernization and humanization in the P&C insurance business; and how committed and dedicated the nominee has been to high ethical standards, service and excellence.

    “We are honored to be recognized in the 2024 PropertyCasualty360 Insurance Luminaries Awards,” said Taylor Rhodes, chief executive officer, Applied Systems. “This recognition is a testament to the people across our organization and our commitment to being Indispensable Partners to one another, our customers and our industry.”

    # # #

    The Applied products and logos are trademarks of Applied Systems, Inc., registered in the U.S.

     

    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: AMD to Report Fiscal Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Oct. 16, 2024 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) announced today that it will report fiscal third quarter 2024 financial results on Tuesday, Oct. 29, 2024, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EDT / 2:00 p.m. PDT. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.amd.com.

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn, Facebook and X pages.

    AMD, the AMD Arrow logo and the combination thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    Contact
    Drew Prairie
    AMD Communications
    512-602-4425
    drew.prairie@amd.com

    Mitch Haws
    AMD Investor Relations
    408-749-3124
    mitch.haws@amd.com

    The MIL Network –

  • MIL-OSI: NANO Nuclear Energy Appoints Former Chief Financial Officer of the U.S. Department of Energy, John G. Vonglis as Chairman of its Executive Advisory Board for Strategic Initiatives

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., Oct. 16, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, is proud to announce today that it has appointed The Honorable John G. Vonglis, former Chief Financial Officer of the U.S. Department of Energy (DOE) and Acting Director of DOE’s Advanced Research Projects Agency-Energy, as the Chairman of NANO Nuclear’s Executive Advisory Board for Strategic Initiatives.

    Mr. Vonglis joins a growing, world-class, bipartisan Executive Advisory Board comprised of high ranking and distinguished military, political and scientific leaders which is assisting NANO Nuclear by leveraging their professional networks and relationships to connect the Company with key industry stakeholders, potential partners, clients and other valuable contacts.

    “It is a pleasure to join NANO Nuclear’s advisory team and leverage my expertise in navigating a myriad of DOE and private energy-related projects to advance the development of the Company’s microreactor and other nuclear technology solutions,” said John G. Vonglis, Chairman of the Executive Advisory Board for Strategic Initiatives of NANO Nuclear Energy. “During my time with the Department of Energy, I was exposed to numerous high-impact inventions, and I believe that technologies such as NANO Nuclear’s ‘ZEUS’ and ‘ODIN’ microreactors represent the innovative spirit of the United States at an important moment for nuclear energy.”

    Mr. Vonglis served as the Senate-confirmed Chief Financial Officer and Chief Risk Officer of the DOE from 2017 to 2019. As Chief Financia Officer, Mr. Vonglis oversaw all financial matters for the DOE. He was also appointed by the President as Acting Director of the Advanced Research Projects Agency-Energy (ARPA-E), a federal agency focused on advancing early-stage, high-potential, high-impact energy technologies while minimizing risk to taxpayers.

    Prior to his tenure at the DOE, Mr. Vonglis held several key roles at the U.S. Department of Defense from 2002 to 2009, initially as Director of Management Initiatives for the Under Secretary for Personnel and Readiness (P&R) and lastly as Acting Assistant Secretary of the U.S. Air Force, where he also served as the first Chief Management Officer, performing the duties of the Under Secretary.

    Figure 1 – NANO Nuclear Energy Inc. Appoints Former Chief Financial Officer (CFO) of the Department of Energy (DOE) John G. Vonglis as its Chairman of its Executive Advisory Board for Strategic Initiatives.

    Mr. Vonglis’ private sector experience includes senior financial and operational roles at prominent advisory, aerospace/defense, financial services, and high-technology firms. Mr. Vonglis is a retired U.S. Army Reserve Colonel with 34 years’ experience in Army and Joint special operations, where he also advised ‘SOFWERX’ and the Army Cyber Institute at West Point. He holds a B.S. and M.B.A. from Fordham University and a Master’s in International Public Policy from The Johns Hopkins University School of Advanced International Studies (SAIS).

    “Attracting an exemplary leader like John to serve on our Executive Advisory Board, with his years of experience on the inside of complex government processes and working on cutting edge innovations, is a validation of our vision and mission for NANO Nuclear,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “John’s addition brings credibility, valuable insight and a multitude of important contacts to NANO Nuclear and allows us to better position our company to fully capitalize on the significant momentum within the nuclear energy industry. We are honored to welcome him to the team.”

    “We are confident that John’s contribution as an Executive Advisory Board member for NANO Nuclear will be invaluable as we continue to progress our microreactor and other technology solutions through design, testing, regulatory processes and ultimately to market,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “Recent natural disaster events, such as the devastation caused by Hurricanes Helene and Milton, highlight the critical need for reliable and portable energy solutions. Our portable nuclear microreactors, ‘ZEUS’ and ‘ODIN,’ are designed to provide power for rescue operations and shelters in the aftermath of such natural disasters. We are committed to advancing these technologies to market and delivering cutting-edge solutions to those who need them most.”

    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 four business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation and (iv) 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 products in technical development are “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.

    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 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 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 TWITTER

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release or related events 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 (including statements related to the anticipated benefits of Mr. Vonglis joining the Company’ Executive Advisory Board) related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These 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 nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology, including difficulties with design and testing, cost overruns, regulatory delays 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 government regulation and policies 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 business of a start-up business operating a highly regulated 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 the 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 http://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

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  • MIL-OSI: Articul8 AI Signs Strategic Collaboration Agreement with AWS to Deliver Generative AI Solutions to Enterprises

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) — Articul8 AI (Articul8), a Generative Artificial Intelligence (GenAI) enterprise software company, announced today that it has signed a strategic collaboration agreement (SCA) with Amazon Web Services (AWS), with plans to help customers accelerate the development and deployment of GenAI applications in production on AWS.

    While there has been strong overall interest in GenAI technologies, enterprises are still facing several challenges going from proof-of-concept (PoC) GenAI projects to production-scale deployments. Key concerns include the complexity of data management, shortage of specialized talent, unpredictable long-term costs, ethics & governance, performance & reliability at scale, and complexity of deployment across multiple tools and technology stacks. Articul8’s full-stack GenAI platform provides an out-of-the-box (OOTB) offering that is integrated and optimized across the various components and layers of the GenAI stack. By providing ready-to-consume application programming interfaces (APIs) and abstracting the complexity of building GenAI applications, Articul8 helps customers accelerate their development cycles and time to outcomes. In addition, Articul8’s GenAI platform has no external dependencies and is deployed and managed in the customer’s own virtual private cloud (VPC), giving customers full control over their data, access policies, and other information security rules and regulations. 

    “Articul8’s autonomous GenAI software platform allows customers to rapidly build, deploy, and manage expert-level, production-grade GenAI applications on AWS. Customers can also develop enterprise-specific models using their own proprietary data. All of this happens in a secure environment within their own VPC, and no data ever leaves the company environment,” said Gautam Subbarao, Head of Product & Commercial, at Articul8. “We look forward to expanding our collaboration with AWS and jointly helping customers leverage GenAI-based technologies to solve problems that are core to transforming their businesses.” 

    Franklin Templeton, a global investment management organization, intends to leverage the transformative potential of GenAI across the asset management value chain and is investing in targeted GenAI strategies in its businesses while firmly aligning with the firm’s standards for responsible and ethical use of AI technologies. Using Articul8’s GenAI platform on AWS, Franklin Templeton is building autonomous and multi-modal GenAI applications and workflows. 

    “Artificial Intelligence (AI) is not a single capability, and organizations must effectively create an intelligent system using their own data that also integrates with existing workflows and represents their organizational value proposition,” said Vasundhara Chetluru, Head of AI Platform at Franklin Templeton. “Our design philosophy aligns well with Articul8’s full-stack GenAI platform solution and their ability to help customers rapidly develop and deploy domain/enterprise-specific GenAI models and applications. We look forward to continuing our collaboration with the Articul8 AI team.”

    “Generative AI has the potential to transform entire industries, but its cost, complexity of deployment, and the required expertise around this emerging technology can be intimidating to customers,” said Alan Braun, Director, Technology Partnerships at AWS. “This Strategic Collaboration Agreement with Articul8 will expand their ability to provide solutions that enable customers to build and deploy enterprise-grade Generative AI applications on AWS and help customers achieve meaningful business outcomes at scale.”

    This collaboration underscores the value of Articul8 and AWS to provide flexibility and unlock greater business value for customers across industries. For more information please visit: http://www.articul8.ai.

    About Articul8 – Articul8 AI is a Generative AI (“GenAI”) enterprise software company focused on helping organizations solve the world’s toughest problems. Articul8’s full-stack, vertically-optimized GenAI software platform is the fastest way to build, deploy and manage sophisticated, secure, and scalable enterprise-grade GenAI applications rapidly and cost-effectively. Articul8’s proprietary GenAI technologies are infrastructure and hardware-agnostic and deliver lasting business value by transforming customer data into actionable insights. Our team of industry veterans and AI experts have a heritage of successfully operationalizing and deploying AI at scale across a variety of mission-critical applications and industries.

    Articul8 Media Contact
    Articul8@fischtankpr.com
    FischTank PR

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  • MIL-OSI: Blue Mountain Announces Launch of Blue Mountain University: A Premier e-Learning Experience for RAM Software Users

    Source: GlobeNewswire (MIL-OSI)

    PHILADELPHIA, Oct. 16, 2024 (GLOBE NEWSWIRE) — Blue Mountain, the standard in Enterprise Asset Management (EAM) for life sciences manufacturers, is excited to announce the launch of Blue Mountain University (BMU), an interactive e-Learning platform designed to empower users of its RAM software. This comprehensive learning environment offers users an adaptable and self-paced way to master the complexities of Blue Mountain’s powerful RAM platform, providing both a Help Center for on-the-go reinforcement and a Learning Center for in-depth education.

    Why Blue Mountain University?

    As Blue Mountain’s ecosystem has rapidly expanded to include more than 450 biotech, cell and gene therapy, pharmaceutical, medtech, CDMO organizations, and service partners, it became evident that users required more than just support—they needed a robust and flexible learning experience. Blue Mountain University was built to fulfill this need, ensuring users can navigate the intricate landscape of regulatory asset management with ease and confidence.

    “Blue Mountain University was created to empower our customers by providing them with comprehensive, accessible, and high-quality training resources,” said David Rode, CEO of Blue Mountain. “We recognize that our RAM software plays a mission-critical role in many organizations. With this e-Learning offering, we’re delivering on our commitment to help users optimize their operational efficiency, reduce onboarding time, and elevate their GXP compliance capabilities.”

    Key Features and Benefits

    Blue Mountain University offers a range of unique benefits, including:

    1. Tailored Learning Experiences: Courses are designed to be adaptable and flexible, catering to users at every stage of their journey—from new learners to seasoned experts.
    2. Ease of Navigation: User-friendly design BMU ensures that users can quickly locate relevant content, understand their learning objectives, and track their progress effortlessly.
    3. Enhanced Knowledge Retention: Through deep-dive course materials and practical applications, learners can apply their new knowledge directly to their job roles, improving knowledge retention and execution.
    4. Certification and Expertise: Blue Mountain University offers certification opportunities, allowing individuals to become certified RAM experts. This certification enhances professional value and strengthens organizational capability.

    “We built Blue Mountain University to give our customers the ability to self-serve and master the full potential of our RAM platform. This doesn’t replace our live, analyst-led trainings, rather it offers another mechanism to help our customers grow and learn at their own pace. Our goal is for every organization to have at least one certified RAM expert,” said Ginny Lee, Chief Customer Officer of Blue Mountain. “The Blue Mountain University experience doesn’t just deliver training; it fosters a community where users can share insights, offer feedback, and engage in discussions that will shape future product innovations.”

    Who Will Benefit from Blue Mountain University?

    Blue Mountain University has been designed with all RAM users in mind, providing tailored resources to different personas within an organization:

    • RAM Administrators: Experts responsible for the RAM platform, training, and onboarding others.
    • New Users: Individuals who need foundational training to quickly get up to speed.
    • Experienced Users: Seasoned professionals looking to deepen their knowledge or learn about new features.
    • Organizational Leaders: Decision-makers focused on ensuring their teams are proficient and certified in RAM software.

    About Blue Mountain

    Leading Life Sciences in asset management for 35 years, Blue Mountain has a unique position in the life sciences industry backed by a proven legacy. Founded in 1989, Blue Mountain offers a complete, integrated solution, helping hundreds of pharmaceutical, biotech, cell and gene therapy, medical device, and contract manufacturing companies. From set-up to installation and from training to validation, our company helps life sciences manufacturing master GMP asset management by implementing our best-in-class software – enabling them to leverage the cloud, drive paperless processes, and ensure regulatory compliance. Blue Mountain is backed by Accel-KKR and based in the greater Philadelphia, PA region. For more information, please visit http://www.coolblue.com.

    For more information about Blue Mountain University, visit http://www.coolblue.com.

    Media Contact:

    Jessica Brown
    Head of Global Marketing
    Blue Mountain
    marketing@coolblue.com

    The MIL Network –