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Category: GlobeNewswire

  • MIL-OSI: ITS Logistics Distribution + Fulfillment Q3 Index: Increase in the Industrial Vacancy Rate of 6.4% Suggests Temporary Supply-Demand Imbalance In Market

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., Oct. 15, 2024 (GLOBE NEWSWIRE) — ITS Logistics today released the Q3 ITS Logistics US Distribution and Fulfillment Index, Powered by Cresa. This quarter the index reveals that as of August 2024, the national industrial vacancy rate in the U.S. was approximately 6.4%, reflecting an upward trend from the previous months. That same month, the Logistics Manager’s Index (LMI) stood at 56.4, reflecting moderate expansion in the logistics industry, albeit a slight decrease (-0.1) from July’s reading of 56.5.

    “This trend of increasing vacancy rates suggests a temporary supply-demand imbalance as new developments outpace demand growth in certain regions,” said Ryan Martin, President of Assets for ITS Logistics. “The increasing vacancy rate is likely related to the drop in producer price index (PPI), suggesting that prices are softening for warehousing and storage services. As new supply continues to enter the market, especially in major industrial hubs, pricing pressure could persist unless demand accelerates, or development slows down.”

    A recent article from The Wall Street Journal referenced data retrieved from Cushman & Wakefield, confirming warehouse construction dropped to 309 million square feet in Q3, a 43% decrease from last year and the largest decline since 2008. In addition, the previously mentioned industrial real estate vacancy increase of 6.4% is up from 4.6% a year ago, which marks the highest level since late 2014. While the average asking rental rate for industrial space exceeded the $10 per square foot (psf) level for the first time in history at the close of Q3 at $10.08 psf, it showcases an increase of 4.3% year-over-year as some markets are continuing to experience increases in rent despite softer fundamentals than the past three years.

    “As it pertains to the LMI score, by comparison, in March 2024, the LMI was higher at 58.3,” continued Martin. “This indicated a faster rate of expansion earlier in the year. Between March and August, the slowdown in the LMI suggests that while logistics activities continued to grow, they did so at a decelerating pace. A notable factor during this period was the slight contraction in warehousing utilization and capacity, reflecting adjustments in supply chain management as the industry dealt with inventory fluctuations and cost pressures.”

    While the industry prepares for the close of the year, both UPS and FedEx have released their 2024-2025 peak season surcharges, which will significantly impact high-volume shippers. UPS and FedEx will begin applying these fees this month, including both peak and demand surcharges. Surcharges range from $0.30 to $100 per package, depending on the characteristics of the package and the data it ships. Both carriers are targeting businesses that ship over 20,000 packages per week. To manage these increased costs, ITS suggests companies review their peak season data and adjust their shipping strategies accordingly.

    ITS Logistics offers a full suite of network transportation solutions across North America and omnichannel distribution and fulfillment services to 95% of the U.S. population within two days. These services include drayage and intermodal in 22 coastal ports and 30 rail ramps, a full suite of asset and asset-lite transportation solutions, omnichannel distribution and fulfillment, and outbound small parcel.

    The ITS Logistics US Distribution and Fulfillment Index tracks the Producer Price Index (PPI) for Warehousing and Storage and offers a regional markets overview to optimize warehousing and delivery costs. All major markets in the US are highlighted each quarter via the Index. Visit here for a full, comprehensive copy of the index with expected forecasts for the US distribution and fulfillment sector of the supply chain industry.

    About ITS Logistics
    ITS Logistics is one of North America’s fastest-growing, asset-based modern 3PLs, providing solutions for the industry’s most complicated supply chain challenges. With a people-first culture committed to excellence, the company relentlessly strives to deliver unmatched value through best-in-class service, expertise, and innovation. The ITS Logistics portfolio features North America’s #19 asset-lite freight brokerage, the #12 drayage and intermodal solution, a top 50 dedicated fleet, an innovative cloud-based technology ecosystem, and a nationwide distribution and fulfillment network.

    Media Contact
    Amber Good
    LeadCoverage
    amber@leadcoverage.com

    A photo accompanying this announcement is available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/c719ccdb-3861-4286-b49f-60b2258dbb0b

    The MIL Network –

  • MIL-OSI: CleanChoice Energy To Double its Solar Generation Assets by Acquiring Project in Kylertown, Penn.

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, Oct. 15, 2024 (GLOBE NEWSWIRE) — CleanChoice Energy (“CleanChoice”), the first company in the U.S. that both owns solar generation assets and supplies only 100% clean energy to consumers, announced the acquisition of its second fully owned and operated solar project. Located in Kylertown, Penn., the solar project will have the capacity to supply over 5,100 homes with renewable energy. This news comes one year after the company announced the development of its first solar project, which is nearing completion in Blairs Valley, Penn., and will generate enough energy to power the equivalent of 4,500 homes.

    Construction of the 150-acre Kylertown solar project is expected to begin in Q4 2024, with a planned interconnection date of October 2025. It will have a capacity of 29.42 MW. When completed, the solar farm will interconnect to the PJM electric grid, which supplies energy to utilities in Pennsylvania, New Jersey and regions throughout other surrounding states.

    “Our project in Kylertown will double CleanChoice Energy’s solar generation assets, as well as demonstrate how responsible renewable energy generation can support the local community and wildlife,” said Zoë Gamble, President of CleanChoice. “This is part of our long-term strategy to support the growth of 100% green energy in the U.S. and make it more accessible to people – a solution that is critically needed as we all face the dire consequences of climate change.”

    CleanChoice is acquiring the project from Prospect14, which led the siting and greenfield development. “This project is an excellent example of the positive benefits that solar energy brings to Pennsylvania’s local communities, energy consumers, and landowners,” says Carl Jackson, Partner of Prospect14. “We are thrilled that this solar project will be carried forward by a partner who operates at high standards and takes care of the land and community.”

    The Kylertown solar project is the second in a number of projects in the pipeline for CleanChoice as owner-operator. CleanChoice continues to develop greenfield sites and pursue acquisition of large-scale solar projects across the Northeast and Mid-Atlantic regions.

    For more information, visit http://www.cleanchoiceenergy.com.

    ABOUT CLEANCHOICE ENERGY
    CleanChoice Energy is one of the leading 100% renewable energy suppliers in the U.S., building solar farms and providing consumers with alternative ways to access clean energy. CleanChoice is defining farm-to-table clean energy, making it easy for people to live cleaner lives with pollution-free, renewable energy for their homes and businesses. With CleanChoice, every kilowatt of electricity used is replenished onto the grid with 100% clean energy from regional wind and solar projects. Founded in 2012, CleanChoice has become one of the fastest-growing businesses in America, as ranked on the Inc 5000 and Deloitte’s Technology Fast 500™. CleanChoice Energy is majority-owned by Funds managed by True Green Capital Management LLC. For more information or to become a clean energy customer, visit CleanChoiceEnergy.com.

    ABOUT PROSPECT14
    Founded in 2017 and headquartered in Ardmore, Pennsylvania, Prospect14 focuses on the scaled origination and development of distributed solar energy projects in multiple markets in the United States. Since its inception, Prospect14 has originated more than 6.5 GWdc of solar and solar + storage projects. For more information, please visit http://www.prospect14.com.

    Media Contact:

    Debbie Ehrman
    FINN Partners
    CleanChoiceEnergy@finnpartners.com

    Kate Colarulli
    Chief Corporate Development Officer
    Mobile: +1 202 380 8936
    kate.colarulli@cleanchoice.com

    The MIL Network –

  • MIL-OSI: Fortinet FortiGuard Labs Observes Darknet Activity Targeting the 2024 United States Presidential Election

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) —

    Derek Manky, Chief Security Strategist and VP of Global Threat Intelligence at Fortinet
    “As the 2024 U.S. presidential election approaches, it’s critical to recognize and understand the cyberthreats that may impact the integrity and trustworthiness of the election process and the welfare of the participating citizens. Cyber adversaries, including state-sponsored actors and hacktivist groups, are increasingly active leading up to major events like elections. Remaining vigilant and identifying and analyzing potential cyberthreats and vulnerabilities is crucial for preparing and safeguarding against the lures and targeted cyberattacks that could take advantage of a heightened moment in time and even disrupt or influence electoral outcomes.”

    News Summary
    Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today released its FortiGuard Labs Threat Intelligence Report: Threat Actors Targeting the 2024 U.S. Presidential Election, which reveals and analyzes threats tied to U.S.-based entities, voters, and the electoral process. Key findings from the threat intelligence report include:

    • Phishing Scams Targeting Voters Leading Up to the 2024 U.S. Presidential Election: Threat actors are selling affordable phishing kits on the darknet designed to target voters and donors by impersonating the presidential candidates and their campaigns.
    • Malicious Domain Registrations on the Rise: More than 1,000 new potentially malicious domains have also been registered since the beginning of 2024 that follow particular patterns and incorporate election-related content and candidates, suggesting that threat actors are leveraging the heightened interest surrounding the election to lure unsuspecting targets and potentially conduct malicious activities.
    • Darknet Landscape: Billions of records from the U.S. are for sale on darknet forums, including Social Security numbers (SSNs), personally identifiable information (PII), and credentials that could be used in misinformation campaigns and lead to fraudulent activity, phishing scams, and account takeover; approximately 3% of the posts on darknet forums involve databases related to business and government entities.
    • Ransomware Landscape: FortiGuard Labs researchers noted a 28% increase in ransomware attacks against the U.S. government year-over-year based on observed leak sites.

    Scams Targeting the U.S. 2024 Presidential Election Flood the Darknet
    Cyber adversaries, including state-sponsored actors and hacktivist groups, are increasingly active in the lead-up to elections.

    The FortiGuard Labs research team observed threat actors selling distinct phishing kits for $1,260 each, created to impersonate U.S. presidential candidates. These kits are designed to harvest personal information, including names, addresses, and credit card (donation) details.

    Since January 2024, FortiGuard Labs researchers have also identified more than 1,000 newly registered domain names that incorporate election-related terms and references to prominent political figures. Fraudulent fundraising websites, including secure[.]actsblues[.]com, meant to imitate the legitimate site for ActBlue (secure[.]actblue[.]com), a nonprofit American fundraising platform and political action committee.

    The top two most-used hosting providers for these election-themed websites are AMAZON-02 and CLOUDFLARENET. The reliance on major hosting platforms such as Amazon Web Services (AWS) and Cloudflare suggests that threat actors are leveraging these reputable services to enhance the legitimacy and resilience of their malicious domains.

    A notable concentration of domains is associated with a limited number of IP addresses, indicating a centralized approach by threat actors to efficiently manage multiple malicious domains to execute large-scale cyber campaigns.

    No Shortage of Personal Data Being Sold Aimed at the U.S.
    FortiGuard Labs analysis continues to show a significant number of diverse databases available on darknet forums targeting the U.S., including SSNs, usernames, email addresses, passwords, credit card data, date of birth, and other PII that could be used to challenge the integrity of the 2024 U.S. election. Specific highlights include:

    • Over 1.3 billion rows of combo lists, which include usernames, email addresses, and passwords, signify a considerable risk for credential-stuffing attacks. In such attacks, cybercriminals use these stolen credentials to gain unauthorized access to accounts, making it a valid and substantial security concern.
    • The discovery of 300,000 rows of credit card data, which include CVV, name, card number, expiration date, and date of birth, highlights potential financial fraud risks targeting voters and election officials.
    • Over 2 billion rows of user databases on the darknet indicate a heightened exposure to identity theft and targeted phishing attacks.
    • 10% of the posts on darknet forums are associated with SSN databases, which poses a significant threat by increasing the risk of personal data breaches.

    The U.S. Government Is an Increasingly Attractive Target
    Ransomware attacks targeting government agencies before an election can impact the electoral process and public trust in government institutions. Compared to 2023, the FortiGuard Labs research team observed a 28% spike in ransomware attacks against the U.S. government in 2024.

    The darknet has become a hub for U.S.-specific threats, where malicious actors trade sensitive information and can potentially develop strategies to exploit vulnerabilities. Approximately 3% of the posts on these forums involve databases related to business and government entities. These databases hold critical organizational data that is vulnerable to cyber exploits and are a prime target for threat actors as the elections come and go.

    Recommendations to Prevent and Mitigate Cyberattacks this Election Season
    Cybersecurity measures are critical to safeguard the integrity of the U.S. 2024 presidential election. Following fundamental best practices can help prevent and mitigate the effects of cyber incidents. The full list of recommendations and best practices can be found in the report, but some key takeaways for citizens, business leaders, and election officials include:

    • Always remain vigilant for suspicious behavior or activity leading up to major events and prioritize good cyber hygiene.
    • Prioritize employee training and awareness.
    • Enforce multi-factor authentication and a strong-password policy.
    • Install endpoint protection solutions.
    • Patch operating systems and web servers and update software regularly.

    About the Fortinet FortiGuard Labs Election Security Report

    • This report provides an in-depth analysis of threats observed from January 2024 to August 2024. It examines the diverse array of cyberthreats that may affect U.S.-based entities and the electoral process.

    Additional Resources

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

    Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

    The MIL Network –

  • MIL-OSI: Redefine Management Partners with Medmo Delivering Enhanced Medical Imaging Coordination and Outcomes for Patients

    Source: GlobeNewswire (MIL-OSI)

    MATAWAN, N.J. and NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Redefine Management, a practice management organization that is leading the way in defining excellence within the pain management and musculoskeletal space, today announced its partnership with Medmo, a comprehensive technology platform that orchestrates medical imaging workflows for providers and patients. Together, they’ll advance their shared interest in providing the best imaging patient experience and access to care possible for the entire population they serve.

    Diagnostic imaging is a critical piece of the care journey for patients with orthopedic or musculoskeletal issues, as it’s often the most effective way to diagnose conditions and create effective treatment plans. Through this partnership, Redefine and Medmo deliver ample patient access and dedicated engagement, as well as the tools to drive increased adherence and efficiency across all imaging orders, while at the same time reducing the overall cost of care coordination related to imaging orders. Medmo seamlessly facilitates imaging orders from start to finish to create better outcomes for all parties.

    “Medmo was easy to implement right into our existing workflow, and we saw immediate results on day one,” said Zack Fox, COO of Redefine Management. “This increased efficiency has positively impacted our practices and has improved the patient experience and outcomes, which is our number one priority. Medmo is fundamentally changing the way imaging orders are facilitated, and ultimately simplifying an element of care that was previously very complex and challenging for patients who are in pain and in need of convenience and ease.”

    “As a result of this partnership, all providers associated with Redefine Management gain immediate access to 15,000+ imaging centers across the country, as well as the ability to easily track and manage imaging orders in real-time,” said Lucas Takahashi, co-founder and CEO of Medmo.

    Redefine is dramatically reducing the time spent on imaging coordination by offloading patient engagement, scheduling, insurance verification, and the retrieval of results to Medmo’s Care Technology. This has allowed Redefine’s staff to spend more time on high-value, patient-facing activities.

    Most importantly, this partnership will address the most common imaging challenges, such as confusion on next steps for patients and lack of appointment visibility for providers. By effectively closing the loop on each patient’s care journey as quickly and efficiently as possible, Medmo will be able to drive better overall adherence, quicker turnaround times, and improved speed to diagnosis and positive outcomes for Redefine’s patients.

    About Medmo
    Medmo is an all-encompassing medical imaging workflow solution for ordering providers. From patient engagement and scheduling, to insurance verification and retrieving results, Medmo creates a consistent loop for providers, staff and patients. Operating in all 50 states and supporting patients with all insurance types, Medmo is an effortless platform that thousands of healthcare providers use to drive adherence and compliance, positive patient experiences and reductions in the operating costs associated with patient coordination. Learn more at https://www.medmo.com/.

    About Redefine Management:
    Redefine Management (https://redefinemanagement.com/) is a healthcare consulting and management company driven by a commitment to excellence in healthcare solutions, specifically in the areas of pain management, orthopedics and musculoskeletal medicine. Their expertise spans strategy & finance, operations, marketing & sales, and more. They cater to a diverse clientele that includes, but is not limited to, medical provider groups, outpatient services, and private equity-backed practices.

    CONTACT:

    Steve Stratz
    For Medmo
    206.300.9134
    steve@relevanzpr.com

    Sarah Banker
    Account Manager
    Office: (800) 239-5572 
    Direct: (856) 404-0651
    Email: svb@themg.co
    http://www.TheMG.co

    The MIL Network –

  • MIL-OSI: Duck Creek Technologies to Showcase its Cloud-Native Platform at ITC Vegas

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Oct. 15, 2024 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, will gather with partners, industry leaders, innovators, and professionals to explore the future of insurance technology at ITC Vegas taking place October 15-17, 2024, at the Mandalay Bay in Las Vegas, NV. The company will demonstrate how its innovative technology is helping to reimagine insurance for the digital age.

    Duck Creek will showcase its comprehensive suite of cloud-based solutions designed to help insurers streamline operations, enhance customer experiences, and accelerate digital transformation. Attendees are invited to visit the Duck Creek booth (#1950) to view product demonstrations of:

    • Duck Creek Suite, low-code configuration tools, open APIs and add on products that can be implemented as pieces or one cohesive unit and integrated into the Insurtech ecosystem.
    • Duck Creek Claims, a SaaS solution automates workflows, simplifies data analysis with analytics, and integrates seamlessly into existing systems to streamline the entire process from initial report to final settlement.
    • Duck Creek Distribution Management, a dynamic platform that adapts to a users’ needs, streamlines workflow, and ensures regulatory adherence.
    • Duck Creek Reinsurance, a comprehensive reinsurance management solution that allows insurance carriers to manage reinsurance partners, contracts, bills, recoveries, and payables.

    The company is also sponsoring the Women’s Leadership Forum on October 16 at the Meet-up Series Zone on the Expo Floor. The event will offer a supportive space for open discussions about the unique experiences of women in insurance. Attendees are encouraged to discuss challenges faced, celebrate wins, and share effective leadership strategies. Attendees will also hear from leaders who will explore the future landscape of the industry and focus on how women can seize more leadership positions and opportunities.

    “The insurance industry is at a pivotal moment of digital transformation,” said Bindu Crandall, Chief Marketing Officer of Duck Creek Technologies. “Our solutions are designed to meet the evolving needs of insurers and our presence at ITC Vegas underscores our commitment to driving innovation and helping insurers reimagine their operations for the modern era. Duck Creek is also committed to helping women succeed in the insurance industry, and we’re excited to foster these conversations at the Women’s Leadership Forum.”

    Key highlights of Duck Creek’s participation at ITC 2024 include:

    • Live Demonstrations: See firsthand how Duck Creek’s products empower insurers to optimize policy administration, enhance underwriting, and improve claims management. Demonstrations of the Duck Creek Suite, the company’s flagship end-to-end insurance software platform, featuring its cloud-native architecture, low-code configuration tools, and seamless digital experiences.
    • New Payment Solution: Learn more about Duck Creek Payments Facilitator, a modern, end-to-end payment solution that simplifies insurance carriers’ payments delivering secure transaction capabilities as part of the proven Duck Creek Platform.
    • Networking Opportunities: Connect with Duck Creek’s experts one-on-one to exchange ideas, learn more about the company’s innovative solutions and explore collaboration opportunities.
    • Ecosystem of Integrations: Learn about Duck Creek’s expansive partner network, offering insurers a wide array of pre-integrated solutions.

    Duck Creek experts will be available for one-on-one meetings and product demonstrations throughout the show. Those attendees that schedule a demo with Duck Cruck at ITC Vegas will be entered into a raffle to win a pair of Apple AirPods Max. To schedule a meeting visit: https://www.duckcreek.com/event/itc-vegas-2024/

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

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

    The MIL Network –

  • MIL-OSI: Mimecast Appoints Technology Executive Amol Kulkarni to its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    LEXINGTON, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) — Mimecast, a leading global Human Risk Management platform, today announced the appointment of Amol Kulkarni to its Board of Directors effective October 1, 2024.

    Kulkarni is a long-time, esteemed technology executive and advisor who spent more than 20 years at industry giants Microsoft and most recently, CrowdStrike, where he served as chief product and engineering officer. During Kulkarni’s tenure the organization grew from under $10M in annual recurring revenue to $3B. In addition to his appointment to Mimecast’s board, Kulkarni is a senior advisor at Permira and serves on the board of directors at Dynatrace and JumpCloud.

    “Amol’s expertise and leadership has been a driving force behind the explosive growth of many global technology organizations. His counsel will be invaluable to Mimecast, and I couldn’t be prouder to count him among our board members,” said Mimecast CEO Marc van Zadelhoff. “We’ve entered a new era at Mimecast and Amol’s experience leading product innovation and implementation will make an indelible impact on our strategy to forge the future of Human Risk Management.”

    “I join the Mimecast Board of Directors with tremendous enthusiasm,” said Kulkarni. “The company has a history of innovation in cybersecurity and has made incredible strides at a rapid pace toward preventing the vulnerabilities that occur at the intersection of humans and technology. Between the launch of its connected Human Risk Management platform and three strategic acquisitions, Elevate, Code42 and Aware, Mimecast is helping to solve complex problems and setting standards of excellence in its approach to innovation in critical areas like artificial intelligence. I’m excited to work with the executive team to build on the company’s strong foundation, adding critical capabilities to its platform and further increasing its leadership position.”

    Kulkarni earned a Bachelor of Engineering in Electrical Engineering from the University of Pune, a Master of Technology in Energy Systems Engineering from the Indian Institute of Technology, Bombay, and a Ph.D. in Electrical Engineering from the University of Washington.

    To learn more about Mimecast visit here.

    About Mimecast
    Mimecast is a leading AI-powered, API-enabled connected Human Risk Management platform, purpose-built to protect organizations from the spectrum of cyber threats. Integrating cutting-edge technology with human-centric pathways, our platform enhances visibility and provides strategic insight that enables decisive action and empowers businesses to protect their collaborative environments, safeguard their critical data and actively engage employees in reducing risk and enhancing productivity. More than 45,000 businesses worldwide trust Mimecast to help them keep ahead of the ever-evolving threat landscape. From insider risk to external threats, with Mimecast customers get more. More visibility. More insight. More agility. More security.

    Mimecast and the Mimecast logo are either registered trademarks or trademarks of Mimecast Services Limited in the United States and/or other countries. All other third-party trademarks and logos contained in this press release are the property of their respective owners.

    Press Contacts
    Tim Hamilton
    Principal Public Relations Manager
    +1 603-918-6757
    thamilton@mimecast.com

    General inquiries
    press@mimecast.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/179d6304-292e-47e1-ab19-bfa049874a99

    The MIL Network –

  • MIL-OSI: Avetta and Energy Worldnet Forge Partnership to Transform Operator Qualification Compliance Management in the Oil and Gas Industry

    Source: GlobeNewswire (MIL-OSI)

    LEHI, Utah and HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) — Avetta®, the leading provider of supply chain risk management (SCRM) software, announced a strategic partnership with Energy Worldnet (EWN), an industry benchmark in training and compliance solutions for the energy sector. This collaboration will combine EWN’s Operator Qualification (OQ) management features and the Avetta One platform, delivering a streamlined solution for midstream operators to enhance worker safety and meet regulatory OQ compliance requirements.

    Managing contractor qualifications can be a significant administrative burden, particularly for clients under Pipeline and Hazardous Materials Safety Administration (PHMSA) regulations. The oil and gas industry has long awaited a solution to eliminate data consistency issues between OQ providers and compliance software, which often slows a client’s ability to respond to PHMSA audits. This newly announced partnership addresses this need by providing a seamless approach to managing contractor OQ compliance alongside existing prequalification, business, financial, and cyber risk assessments, ensuring adherence and oversight of critical safety standards in pipeline operations.

    “Integrating EWN’s OQ data with Avetta One Worker Management equips pipeline operators with a single platform to oversee both safety and OQ requirements efficiently,” said Taylor Allis, CPO of Avetta. “Pipeline operator qualification gets complicated with changing requirements, but EWN and Avetta offer a streamlined solution that improves training, transparency, and traceability, simplifying operations and PHMSA audits.”

    “We’re excited to partner with Avetta to enhance compliance in the energy sector,” said Coleman Sterling, EWN’s CEO. “This integration aligns with EWN’s commitment to delivering cutting-edge tools that streamline OQ processes, ensuring safety and regulatory compliance. Together, we’re driving operational excellence across the industry.”

    Additional benefits include improved compliance tracking for regulatory audits, data synchronization to ensure contractor OQ compliance information is current and accurate, and a comprehensive view of contractor compliance, workforce safety, and OQ compliance for clients managing active pipeline operations. Data will also be available on Avetta’s Mobile Solution, allowing contractors to view compliance information onsite.

    “We are thrilled about Avetta’s partnership with EWN, as it opens up new pathways for streamlined OQ solutions, empowering teams to ensure compliance and boost operational efficiency,” said Sean Kelly, Director of Environmental, Health, Safety and Compliance at Producers Midstream. “With the addition of the Safety Maturity Index (SMI), an even more robust and streamlined contractor/supplier solution, we’re fueling a future where safety and excellence go hand in hand.”

    For more information, please visit https://www.avetta.com/operator-qualifications.

    About Avetta
    The Avetta SaaS platform helps clients manage supply chain risk and their suppliers to become more qualified for jobs. We offer the world’s largest supply chain risk management network for hiring clients in our network to manage supplier safety, sustainability, worker competency, and performance. We perform contractor prequalification and worker competency management across major industries all over the globe, including construction, energy, facilities, high-tech, manufacturing, mining, and telecom.

    About Energy Worldnet
    Energy Worldnet, Inc. is a leading provider of training and compliance solutions for the energy industry. EWN’s comprehensive training solutions include online and classroom training, competency assessments, and compliance management tools. Learn more about EWN’s comprehensive offerings at https://www.ewn.com.

    Media Contact:
    avetta@hoffman.com

    The MIL Network –

  • MIL-OSI: QuEra Computing announces investment from key strategic partner to accelerate development of large-scale, fault-tolerant quantum computers

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) — QuEra Computing today announced an investment in QuEra by Google Quantum AI. The investment marks a significant milestone in QuEra’s journey to develop and make available useful, scalable and fault-tolerant quantum computers and affirms the recent significant technical progress made by the company. The investment builds on a collaboration with Harvard and MIT, based on the groundbreaking research led by the laboratories of Mikhail Lukin, Vladan Vuletic, and Markus Greiner. Google Quantum AI’s investment in QuEra’s neutral atom technology adds to its portfolio of primary work in superconducting qubits.

    For QuEra, the investment will help to accelerate technology advancements in the neutral atom space, such as developing quantum error correction capabilities needed to deliver quantum computing solutions and delivering additional capabilities outlined in QuEra’s strategic roadmap, publicly announced in January 2024.

    “Google Quantum AI’s strategic investment in QuEra, which we recently closed, is a testament to the strength of our technology, our world-class team, and our long-term partnerships with Harvard and MIT. This investment from Google Quantum AI, coupled with an additional financing initiative to be announced in the coming weeks, allows us to execute on our vision and company strategy, and positions us as the recognized market leader for neutral atom-based quantum computing solutions,” said Andy Ory, Interim Chief Executive Officer of QuEra. “Google Quantum AI is a leader in quantum computing and this investment recognizes the potential of different quantum computing technologies, and specifically QuEra’s leading neutral-atom technology.”

    QuEra’s quantum solutions are being developed for use cases in important verticals such as Materials, Chemicals, Life Sciences/Pharma, Government, Financial Services, and other compute-intensive industries, and may be used to enable novel AI/Machine Learning capabilities. QuEra invites interested parties to learn more about our quantum computing initiatives or to contact us directly for partnership opportunities. For additional information, please visit http://www.quera.com.

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

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

    The MIL Network –

  • MIL-OSI: Instant Financial Expands Pay Options With the Launch of Instant Direct, Empowering Employees with Greater Financial Flexibility and Control

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Oct. 15, 2024 (GLOBE NEWSWIRE) — Instant Financial, a leader in fee-free on-demand pay solutions, today announced the launch of Instant Direct, a new solution paving the way for improved employee financial flexibility and freedom. With Instant Direct, employees are more empowered than ever to choose how they want to access their earned wages, expanding the options for seamless, fee-free access to pay. Instant Direct lets employees decide to either transfer their funds to an existing bank account or continue to use the Instant Card, a choice they can make depending on their individual needs and preferences.

    The added flexibility of Instant Direct answers the growing demand for immediate access to wages at a time when financial security and control are top priorities for the U.S. workforce. By providing multiple fee-free options for receiving and accessing funds, Instant makes it seamless for employees to choose the financial ecosystem that works best for them. Instant Direct gives users more flexibility to access their wages on their terms – whether for routine expenses, unexpected emergencies, or financial planning – without waiting for traditional payday cycles.

    Instant Direct also simplifies earned wage access (EWA) for employers, providing the flexibility many HR and leadership teams need. By simplifying communication around employee eligibility and providing multiple EWA models, Instant Direct is helping streamline the implementation process and unlocking operational efficiencies for companies across the U.S.

    Spotlight on Employee Financial Wellness

    The launch of Instant Direct follows the release of Instant’s 2024 Wages & Wellbeing study, which revealed that 82% of workers believe immediate access to same-day pay would significantly enhance their ability to save money. The same survey found that 49% of working Americans reported frequently experiencing financial shortfalls before payday.

    Financial stress is clearly pervasive, and on-demand pay has proven to be a critical tool for individuals seeking economic stability. By offering fee-free access to wages and its new Instant Direct option, Instant helps employees across the U.S. better manage their finances, avoid costly alternatives like payday loans, and increase their ability to plan, save, and invest.

    “Today’s employees expect more options regarding when and how they’re paid,” said Tal Clark, CEO of Instant. “Instant Direct puts that power in their hands, allowing them to take control of their financial decisions and wellness. Instant Direct allows us to meet employees where they are in their financial journeys, providing flexible, fee-free solutions that fit into their lives.”

    Instant Direct is available now. To learn more about how Instant can help reimagine pay cycles for your employees, visit http://www.instant.co/direct. Other non-access fees may apply.

    About Instant Financial
    Instant Financial is a comprehensive employee pay platform providing earned wage access, tip disbursement, and electronic payroll – allowing workers to access their earned wages immediately, whenever, however, and wherever they want. By unlocking on-demand pay, Instant empowers financial freedom and wellness for employees while improving retention and attendance for employers. Compliant across all 50 states, Instant is trusted by leading companies nationwide to bridge the gap between work day and payday. Learn more about Instant and how it can impact your company at http://www.instant.co.

    This card (or the Instant Payroll Card) is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa, U.S.A. Inc. All other trademarks and service marks belong to their respective owners.

    Media Contact
    Sparkpr for Instant Financial
    instant@sparkpr.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0b07707f-0f56-4355-ae6b-f144fa9a84f8

    The MIL Network –

  • MIL-OSI: Fortiva® Retail Credit Announces Second Look Partnership with Mor Furniture for Less

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Oct. 15, 2024 (GLOBE NEWSWIRE) — Fortiva® Retail Credit, the leader in second look point-of-sale financing, today announced a new partnership with Mor Furniture for Less, a premier furniture retailer on the West Coast that ranks among the top 100 furniture retailers in the US.

    The Fortiva Retail Credit program offers second look financing solutions that help businesses sell more goods by providing more consumers with access to credit. This partnership will allow Mor Furniture for Less to expand consumer financing options for home furnishings purchases. Fortiva Retail Credit’s market-leading technology and proprietary underwriting will help Mor Furniture for Less approve more consumers and facilitate a seamless consumer application process for customers in-store and online.

    “We are thrilled to announce our partnership with Mor Furniture for Less, offering a second look lending solution to optimize Mor Furniture’s consumer finance program,” said David Caruso, Chief Commercial Officer for Atlanticus Holdings Corporation. “Our commitment to offering more inclusive financial services to millions of everyday Americans is a core principle which aligns with Mor Furniture’s mission of delivering consumers the best value on quality merchandise.”

    Harold Linebarger, Chief Operating Officer for Mor Furniture, stated, “Partnerships which provide value to both the consumer and the retailer are essential to Mor’s success. Mor is thankful for the opportunity to provide even greater value to our valued customers and is looking forward to this new partnership.”

    About Fortiva Retail Credit
    Fortiva® Retail Credit is a technology-enabled second look point-of-sale consumer credit program issued by The Bank of Missouri. The omnichannel program leverages instant decisioning capabilities, deep underwriting analytics, and a paperless process to provide best-in-class retail finance solutions for its clients both in-store and online. This flexible technology platform provides consumers with a loan decision within seconds. Clients in markets such as furniture, big box/specialty retail, flooring, home improvement, HVAC, electronics, elective medical, health and fitness, home automation, and jewelry offer the Fortiva Retail Credit program for second look financing. The Fortiva® Retail Credit program is available throughout the United States, including Puerto Rico and the U.S. Virgin Islands. The Fortiva Retail Credit program is managed by subsidiaries of Atlanticus Holdings Corporation. For more information, please visit http://www.fortivaretailcredit.com

    About Mor Furniture for Less
    Mor Furniture for Less, established in 1977, is the largest furniture company on the West Coast with 38 stores in 7 states, offering a great selection and guaranteed low prices in all home furnishing categories: bedroom, mattresses, living room, small spaces furniture, and dining furniture. To learn more, visit http://www.morfurniture.com

    Contact:
    Media Relations
    media@atlanticus.com

    For more information:
    http://www.fortivaretailcredit.com

    The MIL Network –

  • MIL-OSI: Empathy Launches LifeVault, Bringing Trusted and Personalized Legacy Planning to Life Insurance Clients Across the U.S.

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Empathy, the world leader in helping families deal with loss, has announced the launch of its newest product offering, LifeVault™ which makes it easier than ever for Americans to build comprehensive legacy plans. LifeVault represents the next phase of Empathy’s mission to change the way Americans manage the loss of a loved one by making personalized, holistic legacy planning and support more accessible.

    “At Empathy, we support families during some of life’s most challenging moments, starting with our first-in-class product for support after the loss of a loved one, and now with LifeVault which puts the focus on planning ahead,” said Empathy co-founder and CEO Ron Gura. “LifeVault is the next phase of Empathy’s mission — making personalized, holistic legacy planning and support possible for even more families.”

    Most families perceive estate planning as complex, time-consuming, and costly. For these reasons, 67 percent of Americans have no estate plan in place—a number that disproportionately affects middle- and lower-income families.

    With LifeVault, Empathy further establishes its deep understanding of what families need to handle loss in America, leveraging corporate partnerships to support millions of families in their time of need. Empathy’s LifeVault is a white-labeled solution that increases access to estate planning services via thoughtful tailored integrations with trusted life insurance carriers and agents, empowering families with the legacy planning tools they need to make informed choices and move forward in confidence following the loss of a loved one.

    LifeVault will be available to families via financial institutions, empowering them to take control of their legacy with tools and guidance to create more comprehensive roadmaps. By working with trusted and enduring financial institutions, individuals can ensure that their families will be taken care of both financially and administratively––a streamlined experience that will pay dividends to countless families in the years to come as they cope with a new reality following loss.

    Clients will be able to revisit their plans and choices to make updates to a variety of integral legacy planning documents, including: 

    1. Last Will & Testament
    2. Health Care Directive
    3. Power of Attorney
    4. Funeral Directive

    New York Life, the largest mutual life insurance company in the United States, served as an initial design partner with Empathy on LifeVault. The company was the first life insurance carrier to leverage Empathy’s loss support for bereaved families and now is the first insurer to introduce the legacy planning offering.

    “Our ongoing partnership with Empathy well-represents New York Life’s continued commitment to delivering exceptional client and agent experiences through innovation,” said Regina Warga, head of client experience, New York Life. “This includes empowering our agents to deliver further value to our clients and their loved ones through new technologies like Empathy’s latest offering that are designed to strengthen relationships and support families as they build legacies and secure financial futures.”

    With a deep commitment to helping families work through life’s most difficult moments, Empathy is redefining the way that we plan for and deal with loss. Learn more about how Empathy is changing the way the world deals with loss at https://www.empathy.com/.

    ABOUT EMPATHY

    Empathy is a technology company transforming the way the world prepares for and manages the loss of a loved one. With $90 million in total funding from leading tech investors and the largest global insurance carriers, Empathy is at the forefront of the emerging compassionate economy, setting the new standard in family care and modern employment benefits. Founded in 2020 by Ron Gura and Yonatan Bergman, Empathy offers a full range of assistance to those facing grief, estate planning and settlement, probate and more through life insurance benefits or via bereavement leave through an employer. By partnering with Fortune 500 companies and leading insurance carriers, Empathy currently offers services to 40 million covered individuals across the U.S. at no cost to families. Empathy uses its award-winning app and Care Team to carefully assess needs and next steps and complements experiences through time-saving and tech-enabled tools to effectively provide personalized plans, automated workflows and care resources, including an extensive library of articles, guides and meditation tools to support them through their grieving process. With accolades from Apple, Google Play, CB Insights and Fast Company, Empathy is the fastest-growing benefit for insurance carriers and employers alike. Learn more about Empathy at http://www.empathy.com.

    Contact:
    press@empathy.com

    The MIL Network –

  • MIL-OSI: Crunchyroll partners with Bango to boost membership growth through Super Bundling

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, United Kingdom, Oct. 15, 2024 (GLOBE NEWSWIRE) — Crunchyroll has entered into an agreement with Bango (AIM: BGO) to further grow its international subscriber base through bundling partnerships with telcos and other third parties.

    Crunchyroll is the ultimate global brand for all things anime, offering the world’s largest dedicated streaming library with over 25,000 hours of content. With new series arriving every season, it remains the go-to destination for anime fans everywhere. Through its new partnership with Bango, Crunchyroll opens up the bundling of its subscription offer with mobile and broadband plans, as well as other consumer services such as bank accounts and retail clubs.

    As a leader in bundling technology, Bango takes care of all technical aspects of resellers creating and managing subscription bundles. It can also manage targeting offers such as trials and discounts that could include Crunchyroll in future.

    Telcos and other resellers will now be able to offer Crunchyroll in bundles, providing consumers with more cost-effective deals, and less administrative hassle. The partnership also opens up the opportunity for ‘Super Bundling’, making it easier for telcos to build Crunchyroll into their all-in-one subscription platforms and content hubs. Through this Bango agreement, Crunchyroll will be able to further expand its 14 million strong subscriber base through these new, indirect channels.

    Commenting on the partnership, Anil Malhotra, CMO at Bango, said, “Crunchyroll is the number one choice for anime fans across the globe, and bundling through third parties will continue to drive its rapid growth. Indirect subscriptions have become increasingly essential for the SVOD market, and we look forward to helping Crunchyroll capitalize on this emerging trend.

    “As consumers look for more flexibility, and to access more services in one place, Super Bundling represents a clear strategic step forward for brands like Crunchyroll to reach new audiences and further grow their subscriber base.”

    About Bango
    Bango enables content providers to reach more paying customers through global partnerships.

    Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

    The world’s largest content providers, including Amazon, Google and Microsoft, trust Bango technology to reach subscribers everywhere.

    Bango, where people subscribe. For more information, visit http://www.bango.com

    About Crunchyroll
    Crunchyroll is the global anime brand that fuels fans’ love of anime. With the ambition to make anime an even bigger part of pop culture, Crunchyroll offers fans the ultimate anime experience and destination centered around a premium streaming service. Crunchyroll has the largest dedicated anime library, an immersive world of events, exciting theatrical releases, unique games, must-have merchandise, timely news, and more. Anime is for everyone and is accessible to stream across territories through Crunchyroll—whether on the go on mobile, through gaming consoles and big-screen devices at home, or on desktops anywhere.

    Crunchyroll, LLC is an independently operated joint venture between U.S.-based Sony Pictures Entertainment and Japan’s Aniplex, a subsidiary of Sony Music Entertainment (Japan) Inc., both subsidiaries of Tokyo-based Sony Group.

    Media contact:
    Anil Malhotra, CMO, Bango
    anil@bango.com
    Tel: +44 7710 480 377

    The MIL Network –

  • MIL-OSI: Illumio CloudSecure Achieves AWS Security Competency Status

    Source: GlobeNewswire (MIL-OSI)

    SYNNYVALE, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) — Illumio Inc., the Zero Trust Segmentation company, announced today that Illumio has achieved Amazon Web Services (AWS) Security Competency status for its innovative cloud security solution, Illumio CloudSecure. This designation recognizes that Illumio has demonstrated proven technology that helps customers achieve their cloud security goals.  

    Achieving the AWS Security Competency differentiates Illumio as an AWS Partner Network (APN) member that provides specialized software designed to help enterprises adopt, develop, and deploy complex projects on AWS. To receive the designation, APN members must possess deep AWS expertise and deliver solutions seamlessly on AWS. 

    “We’re proud to achieve the AWS Security Competency status, reinforcing our commitment to helping our customers securely accelerate their journey to the cloud,” said Todd Palmer, Senior Vice President of Global Partner Sales and Alliances at Illumio. “Building a consistent Zero Trust strategy across hybrid and multi-cloud environments is vital for protecting AWS workloads. Illumio CloudSecure allows organizations to do just that, empowering teams to author and publish proactive cloud workload segmentation policies at scale using native controls in their public, hybrid, and multi-cloud environments.”

    Illumio CloudSecure provides organizations with a proven and effective way to gain visibility and limit the impact of breaches and ransomware across hybrid and multi-cloud environments. With Illumio CloudSecure, organizations can contain attacks efficiently and cost effectively on applications and workloads in their public cloud environments, across servers, virtual machines, containers, and serverless computing, by preventing unnecessary communications. 

    AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify Consulting and Technology APN Partners with deep industry experience and expertise. 

    The AWS Security Competency designation builds on Illumio’s existing engagement with AWS including its inclusion in the AWS ISV Accelerate Program and Public Sector Partner Program. Illumio was also named a top solution for Zero Trust and cloud security in the 2023 Cloud Security Trends guide by SANS and AWS.

    For more information on how you can secure your applications, cloud environments, and hybrid IT on AWS with Illumio, visit: https://www.illumio.com/solutions/aws. You can also find Illumio’s solutions in AWS Marketplace.

    To learn more about Illumio CloudSecure visit: http://www.illumio.com/products/illumio-cloudsecure or take advantage of a 30-day free trial here: https://www.illumio.com/lp/cloudsecure-free-trial.

    About Illumio 
    Illumio, the most comprehensive Zero Trust solution for ransomware and breach containment, protects organizations from cyber disasters and enables operational resilience without complexity. By visualizing traffic flows and automatically setting segmentation policies, the Illumio Zero Trust Segmentation Platform reduces unnecessary lateral movement across the multi-cloud and hybrid infrastructure, protecting critical resources and preventing the spread of cyberattacks. More information: https://www.illumio.com/

    Contact Information
    comms-team@illumio.com

    The MIL Network –

  • MIL-OSI: Tenable Tackles Emerging Cloud and AI Risks With the Launch of Data and AI Security Posture Management for Cloud Environments

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., Oct. 15, 2024 (GLOBE NEWSWIRE) — Tenable®, the exposure management company, today announced new data security posture management (DSPM) and artificial intelligence security posture management (AI-SPM) capabilities for Tenable Cloud Security, the actionable cloud security solution. By extending exposure management capabilities to cloud data and AI resources, Tenable Cloud Security reduces risk to two of the biggest emerging threats.

    Today’s cloud environments are more complex than ever. The challenge of managing this complexity has led to preventable security gaps caused by misconfigurations, risky entitlements and vulnerabilities, leaving sensitive data and AI resources vulnerable. In fact, Tenable Research found that 38% of organizations are battling a toxic cloud triad – cloud workloads that are publicly exposed, critically vulnerable and highly privileged.

    Tenable Cloud Security exposes risk from across hybrid and multi-cloud environments, including vulnerabilities, misconfigurations and excess privilege, that affects data and AI resources. Integrating DSPM and AI-SPM into Tenable Cloud Security enables users to automatically discover, classify and analyze sensitive data risk with flexible, agentless scanning. With Tenable Cloud Security’s intuitive user interface, security leaders can easily answer tough questions – such as “What type of data do I have in the cloud and where is it located?,” “What AI resources are vulnerable and how do I remediate the issue?” and “Who has access to my sensitive cloud and AI data?”

    “Data is constantly on the move and new uses for data in today’s AI-driven world have created new risks,” said Liat Hayun, vice president of product management for Tenable Cloud Security. “DSPM and AI-SPM capabilities from Tenable Cloud Security bring context into complex risk relationships, so teams can prioritize threats based on the data involved. This gives customers the confidence to unlock the full potential of their data without compromising security.”

    “The importance of cloud data has made communicating data exposure risk one of the biggest security challenges for CISOs,” said Philip Bues, senior research manager, Cloud Security at IDC. “Tenable is at the forefront of this emerging DSPM-CNAPP conversation, enabling customers to contextualize and prioritize data risk and communicate it, which is pertinent to almost every domain in CNAPP.”

    AI-SPM features enable customers to confidently forge ahead with AI adoption by enforcing AI and machine learning configuration best practices and securing training data. With the combined power of AI-SPM and Tenable Cloud Security’s market-leading cloud infrastructure entitlement management (CIEM) and Cloud Workload Protection (CWP) capabilities, customers can manage AI entitlements, reduce exposure risk of AI resources, and safeguard critical AI and machine learning training data to ensure data integrity.

    Available to all Tenable Cloud Security and Tenable One customers, these new features enable customers to:

    • Gain complete visibility and understanding of cloud and AI data – Tenable Cloud Security continuously monitors multi-cloud environments to discover and classify data types, assign sensitivity levels and prioritize data risk findings in the context of the entire cloud attack surface.
    • Effectively prioritize and remediate cloud risk – Backed by vulnerability intelligence from Tenable Research, context-driven analytics provides security teams with prioritized and actionable remediation guidance to remediate the most threatening cloud exposures.
    • Proactively identify cloud and AI data exposure – Unique identity and access insights enable security teams to reduce data exposure in multi-cloud environments and AI resources by monitoring how data is being accessed and used and detect anomalous activity.

    Join the upcoming Tenable webinar, “Know Your Exposure: Is Your Cloud Data Secure in the Age of AI?” on October 22, 2024 at 10 am BST and 11 am ET, by registering here.

    Read today’s blog post, “Harden your cloud security posture by protecting your cloud data and AI resources” here.

    With a Net Promoter Score of 73, Tenable Cloud Security helps customers around the world expose and close priority threats. More information about DSPM and AI-SPM capabilities available in Tenable Cloud Security is available at: https://www.tenable.com/announcements/dspm-ai-spm  

    About Tenable
    Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com.

    Media Contact:
    Tenable
    tenablepr@tenable.com

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/16b3e655-f3e3-4afa-a55f-4eea238ddbbf

    The MIL Network –

  • MIL-OSI: Trupanion, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, Oct. 15, 2024 (GLOBE NEWSWIRE) — Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, announced today it will report financial results for its 2024 third quarter after the market closes on Wednesday, October 30, 2024. The company will host a conference call that day beginning shortly after 1:30 p.m. PT / 4:30 p.m. ET.

    A live webcast (including a slide presentation) discussing results, guidance and management observations will be available on Trupanion’s Investor Relations site under Investor Events at http://investors.trupanion.com and will be archived online for 3 months upon completion of the conference call.

    Participants can access the conference call by dialing 1-877-300-8521 (United States) or 1-412-317-6026 (International). A telephonic replay of the call will also be available after the completion of the call, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (International) and entering the replay pin number: 10192561.

    About Trupanion:

    Trupanion is a leader in medical insurance for cats and dogs throughout the United States, Canada, Europe, Puerto Rico and Australia with over 1,000,000 pets enrolled. For over two decades, Trupanion has given pet owners peace of mind so they can focus on their pet’s recovery, not financial stress. Trupanion is committed to providing pet owners with the highest value in pet medical insurance with unlimited payouts for the life of their pets. With its patented process, Trupanion is the only North American provider with the technology to pay veterinarians directly in seconds at the time of checkout. Trupanion is listed on NASDAQ under the symbol “TRUP”. The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly-owned insurance entity American Pet Insurance Company and, in Canada, by Accelerant Insurance Company of Canada. Trupanion Australia is a partnership between Trupanion and Hollard Insurance Company. Policies are sold and administered by Trupanion Managers USA, Inc. (CA license No. 0G22803, NPN 9588590). For more information, please visit trupanion.com.

    Contact: 

    Laura Bainbridge, Senior Vice President, Corporate Communications
    Gil Melchior, Director, Investor Relations
    Investor.Relations@trupanion.com

    The MIL Network –

  • MIL-OSI: Micron Fuels New Wave of AI PCs With Launch of Ultra-Fast Clock Driver DDR5 Memory Portfolio

    Source: GlobeNewswire (MIL-OSI)

    BOISE, Idaho, Oct. 15, 2024 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU), today announced the availability of a brand-new category of clock driver memory with the launch of its Crucial® DDR5 clocked unbuffered dual inline memory modules (CUDIMM) and clocked small outline dual memory modules (CSODIMM), which are now shipping in volume. The JEDEC-standard solutions run at speeds up to 6,400 MT/s (megatransfers per second), more than twice as fast as DDR41 and 15% faster than traditional non-clock-driver-based DDR5.2 Designed to provide more speed stability, faster downloads and better refresh rates, these solutions represent a completely new frontier of memory form factors for next-generation PCs. Micron’s CUDIMM and CSODIMM solutions are the industry’s first commercially available JEDEC-standard DDR5 CUDIMM and CSODIMM solutions to hit the market since JEDEC standardized the specification earlier this year.

    In addition, Intel has validated Micron DDR5 CUDIMM and CSODIMM solutions up to capacities of 64 gigabytes (GB) for use with its Intel® Core™ Ultra processors (Series 2), which were launched last week on Oct. 10.

    “As AI takes flight, a memory paradigm shift is needed to keep pace with unprecedented system performance requirements,” said Dinesh Bahal, corporate vice president and general manager of Micron’s Commercial Products Group. “Micron is shipping the industry’s first JEDEC-standard, commercially available DDR5 CUDIMM and CSODIMM solutions to power fast, out-of-the-box speeds for AI PCs and high-end workstations. With this new category, we are arming the ecosystem with next-generation memory solutions to future-proof today’s devices for tomorrow’s AI workloads.”

    While DDR5 offers rapid speeds, scaling challenges have made it difficult to deliver DDR performance increases while ensuring reliable high speeds and signal integrity, especially when combining high bandwidth with large capacity. Representing an evolution of traditional UDIMMs, the new category of CUDIMMs and CSODIMMs feature a clock driver directly on the memory module to stabilize speeds. While most systems today rely on the clock from the CPU, using innovative engineering, Micron has directly integrated the clock driver into the memory module to conquer electrical challenges at the root, making memory faster and more stable.

    The validation of these new client memory modules by Intel will empower top PC manufacturers and integrators to begin adopting Micron’s innovative clock driver-based memory into forthcoming PC platforms. Notably, Micron is the first memory vendor to validate 32 gigabit die-based 64GB CUDIMM and CSODIMM solutions for Intel® Core™ Ultra desktop processors. This enables system capacities up to 256GB for AI PCs and high-end workstations, which demand high memory densities and performance.

    “Micron and Intel have been working together to bring next-generation compute performance to the market,” said Dimitrios Ziakas, vice president of memory and I/O technologies at Intel. “The powerful combination of Intel Core Ultra desktop processors and Micron’s latest clock driver-powered CUDIMM/CSODIMMs with up to massive 64 GB capacities will be critical to helping propel the next wave of data-rich AI PCs to 6400 MT/s speeds. By aligning our strategies and co-validating, we are offering the most advanced memory and CPU products to our customers and the market and accelerating ecosystem adoption of future-looking form factors.”

    The 6,400MT/s speeds provided by Crucial’s plug-and-play DDR5 CUDIMM and CSODIMM memory offer an out-of-the-box performance boost to AI PCs and other data-hungry workloads, whether users are upgrading from a DDR4 system or looking to increase DDR5 performance. The CUDIMM solutions are suited for desktop computers and the CSODIMM solutions for laptops.

    Consumers will be able to purchase the CUDIMM and CSODIMM solutions in 16GB capacities through Crucial.com, which will come with a limited lifetime warranty.3 Capacities of 64GB will be available for purchase through the channel during the first half of calendar year 2025.

    With the addition of DDR-based CUDIMMs and CSODIMMs, Micron continues to expand its memory portfolio with form factor and performance innovations to power next-generation PCs, including AI PCs, and increasingly demanding workloads.

    To learn more, visit here to learn more about Micron’s CUDIMM offerings and here to learn more about its CSODIMM offerings.

    Follow us online!
    Micron social channels:
    LinkedIn: https://www.linkedin.com/company/micron-technology
    X: https://www.x.com/MicronTech
    Facebook: https://www.facebook.com/MicronTechUSA/

    Crucial social channels:
    Facebook: https://www.facebook.com/crucialmemory 
    Instagram: https://www.instagram.com/crucial_memory
    X: https://www.x.com/crucialmemory
    YouTube: https://www.youtube.com/crucialmemory

    About Micron Technology, Inc.
    We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications
    that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

    © 2024 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

    1 DDR5 6,400MT/s speeds are comparable to extreme-performance DDR4 memory speeds and 2x faster than maximum standard DDR4 speeds of 3,200MT/s.
    2 Based on DDR5 running at maximum bandwidth of 5600 MT/s
    3 Limited lifetime warranty valid everywhere except Austria, Belgium, France, and Germany, where warranty is valid for ten years from the date of purchase.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0d734e10-1dab-4baf-b5ec-62f82945edeb

    The MIL Network –

  • MIL-OSI: Cipher Mining Announces the Signing of Option Agreements to Acquire 1.5 GW of Data Center Sites in West and North Texas

    Source: GlobeNewswire (MIL-OSI)

    Three sites featuring targeted capacity of 500MW each

    Signed option to lease or purchase a total of 580 acres of land, with two sites located in North Texas and one site located in West Texas

    Suitable for both HPC and bitcoin mining data centers

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced it has signed option agreements to acquire the recently announced three sites in West and North Texas from Juvo Energy.

    The three sites are adjacent to transmission assets and in the final stages of approval for interconnection with 500 MW targeted capacity per site. Cipher will be able to exercise the option in the next 24 months to acquire the sites, including 580 acres of land to be either leased or purchased. The ultimate purchase price to exercise the options for the sites will be determined by the number of megawatts actually approved for interconnection. The three sites all have the necessary characteristics for development of HPC data centers or bitcoin mining operations.

    “We have seen increasing demand from hyperscalers for large sites that can be energized within the next three years. By getting involved earlier in the development timeline and process, we can source valuable sites that most of our competitors cannot, spend less for premium sites and improve long-term visibility for our supply chain management and construction functions. These new sites give us tremendous optionality on the expansion of our HPC hosting business,” said Tyler Page, Cipher’s CEO.

    With the addition of these new sites, Cipher’s active portfolio and development pipeline will total 2.5 GW across 10 sites.

    About Cipher

    Cipher is an emerging technology company focused on the development and operation of bitcoin mining data centers. Cipher is dedicated to expanding and strengthening the Bitcoin network’s critical infrastructure. Together with its diversely talented team and strategic partnerships, Cipher aims to be a market leader in bitcoin mining growth and innovation. To learn more about Cipher, please visit https://www.ciphermining.com/.

    About Juvo

    Juvo Energy is a power infrastructure company focused on development of “powered land” sites across the country. Juvo has a growing, active portfolio of over 6 GW. To learn more about Juvo, please visit: https://www.juvo-energy.com

    Forward Looking Statements

    This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations regarding our future results of operations and financial position, business strategy, timing and likelihood of success, potential expansion of and additional bitcoin mining data centers, expectations regarding the operations of mining centers, and management plans and objectives, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions).

    These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and our management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, variations in performance across competitors, changes in laws and regulations affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 5, 2024, and in Cipher’s subsequent filings with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contacts:
    Investor Contact:
    Josh Kane
    Head of Investor Relations at Cipher Mining
    josh.kane@ciphermining.com

    Media Contact:
    Ryan Dicovitsky / Kendal Till
    Dukas Linden Public Relations
    CipherMining@DLPR.com

    The MIL Network –

  • MIL-OSI: CarGurus Teams With NFL Legend Drew Brees for “Keys to Success” Campaign

    Source: GlobeNewswire (MIL-OSI)

    Known for his confidence and ability to deliver under pressure, the former NFL quarterback and auto enthusiast is coaching today’s drivers in new digital campaign

    BOSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today launched a new campaign with NFL legend Drew Brees focused on helping today’s drivers feel even more confident and prepared during the car buying and selling process. The “Keys to Success” campaign taps Brees—who is known for his ability to deliver under pressure both on and off the field—to empower all drivers in getting “game day-ready” to feel assured they’re getting the best deal and are in control through the car buying and selling process.

    “CarGurus helps today’s shoppers get ready for their big moment by providing access to thorough vehicle information, the most extensive deal ratings, and the most new and used cars so you know you’re getting the best deal possible,” explained Brees. “So much of performing at a high level is about focusing on the process and having the tools that instill confidence so that by the time you step on the field—or into the dealership—you’re ready to make things happen.”

    As one of the largest financial commitments today’s consumer can make, purchasing a car can be daunting for many. According to a recent CarGurus study2, many game-time decisions can erode a shopper’s confidence:

    • The top three factors that can cause someone to second-guess their car purchase are 1) Not being sure what makes for a fair price (39%); 2) Feeling rushed to make a decision (37%); and 3) The general stress of making such a big purchase/commitment (36%).
    • Nearly two-thirds (61%) of buyers said that negotiating a price is one of the most intimidating aspects of buying a car.
    • Mirroring the trend seen for car buying, 50% of respondents said the most intimidating aspect of selling or trading in a car was getting the most money.

    “Known for his rigorous mental and physical preparation during his professional football career, Drew’s winning combination of steady confidence and rigorous research both on and off the field makes him the perfect confidence coach for today’s drivers, and a natural partner for CarGurus,” said Dafna Sarnoff, CarGurus Chief Marketing Officer. “Car shoppers can identify with Drew’s mindset of gathering the best information and tools available to feel confident that they are getting the best deals for their unique individual needs.”

    The “Keys to Success” campaign will be featured on Instagram, TikTok, Facebook, YouTube, and other digital video placements. See here to learn more about the campaign.

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S.1

    CarGurus also operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. In the United States and the United Kingdom, CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.

    To learn more about CarGurus, visit http://www.cargurus.com, and for more information about CarOffer, visit http://www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

    1Similarweb: Traffic Insights (Cars.com, Autotrader.com, TrueCar.com), Q2 2024, U.S.
    2Methodology: July 2024 survey of 1,501 U.S. licensed residents, 18+

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    Investor Contact:
    Kirndeep Singh
    Vice President, Investor Relations
    investors@cargurus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9cd48575-34a4-44b2-90ed-3b28fd021eed

    The MIL Network –

  • MIL-OSI: Luminar Media Group/Fortun (OTCMARKETS: LRGR) Forecasts Continued Significant Growth Q4 2024

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 15, 2024 (GLOBE NEWSWIRE) — Luminar Media Group, Inc. (OTCMARKETS: LRGR), a leading fintech company providing capital and financial services to underserved businesses, is pleased to announce its forecast for continued strong growth in the fourth quarter of 2024.

    After delivering impressive financial results for the third quarter of 2024, the company—through its subsidiaries FortunCo and Fortun Advance—continues to achieve exceptional performance. Fortun Advance, in particular, has exceeded projections and is expanding its financial presence, positioning itself for sustained success as it continues its growth trajectory.

    Key Financial Highlights:             Q3 2024         Q4 2024 (Projected)      Growth (Projected)

    Funding Volume:                         $1,138,000        $1,650,000                  45% Increase

    Revenue:                                     $307,211           $407,550                     32% Increase

    Total Assets:                                $1,926,507        $2,430,000                  26% Increase

    Funding Volume Trajectory:

    July: $258,700, August: $389,700, September: $489,600, October (Projected): $550,000, November (Projected): $600,000, December (Projected): $650,000.

    Fortun Advance continues its rapid growth trajectory, with Q4 funding projections indicating a 45% increase from Q3. This steady growth reflects the company’s expanding market presence and its ongoing commitment to increasing funding operations.

    Business Performance Since Acquisition:

    As of September 30, 2024, Fortun Advance’s total assets had grown to $1,926,507, which includes $498,226 in cash and $1,428,281 in receivables. This is a significant improvement since Luminar Media Group’s strategic acquisition of Fortun Advance in May 2024. As part of its strategic growth plan, LRGR has begun the process of working with its attorney to change its stock symbol and rebrand the company as Fortun Corp.

    Market Insights:

    Small businesses are a critical growth engine for the U.S. economy, generating over $800 billion annually. Recent data shows a significant increase in the number of small business owners, further highlighting their importance to economic growth and job creation.

    Gianinna Nicoletti, Vice President of Operations for Fortun Advance, shared her thoughts on the company’s performance and future outlook:

    “The momentum we’ve built in just a few short months highlights our strategic approach to supporting the small business community. Our tailored funding solutions have been instrumental in their success. Looking ahead to the final quarter of 2024 and into 2025, we are confident that strong market demand, combined with our commitment to innovation and exceptional customer service, will continue to drive Fortun’s growth.”

    Yoel Damas, President, added: “Fortun has positioned itself as a crucial partner for small businesses, offering flexible, revenue-based funding solutions that are essential for their growth. With many entrepreneurs facing challenges in accessing traditional financing, Fortun’s commitment to providing accessible funding has strategically placed it in this underserved market.”

    About Luminar Media Group, Inc.

    Headquartered in Miami, Florida, Luminar Media Group, Inc. is a pioneering fintech company specializing in financial solutions for underserved communities, with a focus on Latino and minority-owned businesses. Leveraging innovative strategies and a commitment to excellence, Fortun empowers businesses to drive economic growth.

    Forward-Looking Statements.

    This release contains forward-looking statements that reflect Luminar Media Group’s current strategies and expectations for future performance. Actual results may differ materially due to various risks and uncertainties. Investors are encouraged to review the company’s filings with the SEC for further information.

    The financial data presented in this release is subject to review by independent accountants and may be adjusted before final reporting. Please note that the information provided is preliminary and should not be considered final until it has undergone a full review.

    For more information, please contact:
    Robert Rico
    Investor Relations
    Phone: 305-283-9237
    Email: Robert@Fortunco.com
    Follow us on X: [@FortunCorp](https://x.com/FortunCorp)

    The MIL Network –

  • MIL-OSI: Zscaler and Okta Enhance Enterprise Cybersecurity with New Zero Trust Integrations

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Oct. 15, 2024 (GLOBE NEWSWIRE) — Today at Oktane2024, Zscaler and Okta announced four new integrations designed to accelerate their mutual customers’ zero trust transformation. By delivering end-to-end, context-aware security, Okta and Zscaler are helping customers reduce risk, improve the user experience, and enable cross-domain response through shared telemetry and threat intelligence.

    “The integrations announced today significantly deepen our collaboration with Okta and our commitment to keeping our customers secure,” said Amit Raikar, Vice President, Technology Alliances and Business Development, Zscaler. “Together, we are focused on helping customers strengthen their zero trust security posture in an increasingly complex risk environment, where rigorously managing user identities and enforcing adaptive access controls is more crucial than ever.”

    “In the AI era, the only way to effectively protect customers is by rallying the security ecosystem. Point security solutions address individual areas but don’t integrate with one another, which increases complexity,” said Stephen Lee, vice president of Technical Strategy and Partnerships at Okta. “That’s why Okta and Zscaler have invested in deep integrations that accelerate the zero trust journey and elevate the security posture of our mutual customers worldwide.”

    Organizations continue to navigate the complexities of securing the growing number of remote users, cloud applications, and hybrid IT environments. Both Zscaler and Okta are committed to delivering deep integrations that enhance secure access to cloud and web applications while minimizing user disruptions. Our newest integrations deliver:

    1. Adaptive Access Policy Enforcement: The Zscaler Adaptive Access and Okta integration allows organizations to enforce context-based access policies that dynamically adjust based on the changing risk context of the user. These include password expiration, credential compromise, account recovery, or high-risk user behavior. Zscaler’s ingestion of Okta’s user risk telemetry expands upon an earlier integration, where Identity Threat Protection with Okta AI ingests risk telemetry from Zscaler Deception to respond to credential compromise or insider attacks. With the new integration, risk telemetry is exchanged bidirectionally between Okta and Zscaler, enhancing threat detection and response.
    2. Dynamic Step-Up Authentication: The Zscaler Adaptive Access can trigger step-up authentication with Okta Workforce Identity Cloud (WIC) to add an extra layer of security when Zscaler detects higher-than-usual risky user behavior. In such scenarios, step-up authentication dynamically requires the user to comply with stronger forms of authentication before access to sensitive resources, such as Salesforce, is granted.
    3. Security Data Contextualization and Unified Vulnerability Management: Zscaler’s Data Fabric for Security enriches and aggregates data from Okta logs with concurrent data streams to provide contextualized, real-time insights into vulnerabilities and exposures across the enterprise ecosystem. Easy to set up and configure, this solution provides a dynamic risk assessment of an organization via a simple dashboard to accelerate security remediation.
    4. Zero Trust Partner Access: Zscaler’s Zero Trust Exchange cloud security platform, with natively integrated cloud browser isolation (CBI), enables secure, agentless access to web applications. It allows external third-party users and partners to instantly access corporate resources from their devices, while protecting enterprise applications and preventing data loss. Okta complements this by streamlining identity and access management (IAM) for IT administrators with Okta Universal Directory. This enables them to manage users and policies, automate app assignments, and onboard more securely and quickly.

    For more information about this integration, please get a copy of the solution brief.

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

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

    Forward-Looking Statements

    This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. These forward-looking statements include the expected benefits of the new integrations to Zscaler’s product offerings and to our customers. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. A significant number of factors could cause actual results to differ materially from statements made in this press release, including those factors related to our ability to successfully integrate these enhancements. Additional risks and uncertainties are set forth in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on September 12, 2024, which is available on our website at ir.zscaler.com and on the SEC’s website at http://www.sec.gov. Any forward-looking statements in this release are based on the limited information currently available to Zscaler as of the date hereof, which is subject to change, and Zscaler will not necessarily update the information, even if new information becomes available in the future.

    About Okta

    Okta is the World’s Identity Company. As the leading independent Identity partner, we free everyone to safely use any technology—anywhere, on any device or app. The most trusted brands trust Okta to enable secure access, authentication, and automation. With flexibility and neutrality at the core of our Okta Workforce Identity and Customer Identity Clouds, business leaders and developers can focus on innovation and accelerate digital transformation, thanks to customizable solutions and more than 7,000 pre-built integrations. We’re building a world where Identity belongs to you. Learn more at okta.com.

    Media Contact:

    Zscaler PR
    Natalia Wodecki
    press@zscaler.com

    Okta PR
    Gareth Pettigrew
    gareth.pettigrew@okta.com
    +1 250-240-0638

    The MIL Network –

  • MIL-OSI: SolarShare Transforms Global Renewable Energy Investment with Blockchain-Powered Solar Panel Ownership

    Source: GlobeNewswire (MIL-OSI)

    SALVADOR, Brazil, Oct. 15, 2024 (GLOBE NEWSWIRE) — SolarShare is redefining how the world invests in renewable energy by using blockchain technology to tokenize solar farms, enabling global access to clean energy projects. Individuals can now purchase solar panels as Non-Fungible Tokens (NFTs) and earn passive income from the sale of electricity generated by those panels.

    With an impressive annual dividend projected from operational solar farms, SolarShare is making it easier than ever for people to participate in renewable energy investment while helping to decrease dependence on fossil fuels.

    Operating three solar farms in Xique-Xique, Bahia, Brazil, SolarShare is expanding its reach with an ambitious growth plan. Tokenizing solar panels through NFTs gives people from all walks of life an opportunity to invest in and benefit from solar energy production. Investors receive income in USDT, a US dollar-pegged stablecoin generated by the sale of electricity from these farms.

    “Our mission at SolarShare is to open up solar energy investment to everyone,” said William Campbell, CEO and Founder of SolarShare. “We’ve made it possible for anyone, regardless of where they live, to own a piece of solar energy and benefit from the returns it offers. Whether you’re in Asia, Europe, or North America, you can now contribute to a greener world and earn up to 25% annually.”

    SolarShare’s first farm, Sunrise Solar Farm, is a 110kW facility in the sun-rich Xique-Xique region. It produces around 15,000 kWh per month using over 200 DAH Solar 555W Monocrystalline panels. Two additional farms, Sunny Valley and Helios Fields, contribute a combined output of 30,000 kWh, raising SolarShare’s total energy capacity to 45,000 kWh per month. These farms are just the beginning as the company continues to expand in regions with significant solar potential.

    Throughout the year, each farm runs its operations, generating energy that is sold on the Brazilian energy market. The revenue generated from these sales is converted into USDT and distributed among NFT holders based on the investment tier they belong to. To ensure the integrity of operations, all farms are secured with warranties and insurance coverage to address any potential unforeseen circumstances.

    SolarShare’s NFTs come in different tiers, representing varying levels of ownership. The smallest tier, a Solar Unit, is one-fifth of a solar panel, while the largest, Solar Planet, consists of 940 NFTs, equating to 188 solar panels, or a whole solar farm. Investors earn a percentage of the energy generated by these panels, with the staking of SolarShare’s native cryptocurrency, $SOLAR, enabling higher returns of up to 90% of a panel’s output.

    “We’re giving people the power to invest in something that matters,” added Campbell. “It’s not just about financial returns; it’s about having a real stake in the future of clean energy.”

    Brazil’s high solar irradiation has positioned the country as a major player in solar energy production, with a capacity that has grown from under 2GW in 2017 to over 35GW in 2024. As demand for renewable energy continues to rise, SolarShare presents a timely solution by making solar energy investments accessible on a global scale.

    “Brazil’s solar potential is immense, and we’re excited to be at the frontline of this movement,” said Campbell. “Through our partnership with Versole Energia Solar, we’re delivering high-quality solar projects that not only provide financial returns but also help reduce carbon emissions. It’s a win for investors and for the planet.”

    SolarShare’s model offers both financial and environmental benefits. Investors can expect annual returns of up to 25%, depending on energy prices and production levels. Meanwhile, the company’s commitment to sustainability ensures that funds are directed toward expanding solar energy capacity, helping to address the global climate crisis.

    SolarShare has ambitious plans to expand its operations into new regions with greater solar potential. The company is currently exploring additional farms in Brazil, other Latin American countries, and even Saudi Arabia, aiming to reach a global audience.

    “Solar energy is one of the most scalable solutions to the world’s growing energy needs,” Campbell said. “With support from our investors and partners, we’re committed to growing our platform and making SolarShare the go-to solution for solar energy investments.”

    Investing in SolarShare is simple and open to anyone. Investors can visit the SolarShare platform, purchase an NFT representing solar panel ownership, and earn dividends from the energy generated. The platform’s intuitive dashboard lets users track their energy production, earnings, and environmental impact in real time.

    SolarShare invites you to join the renewable energy revolution today. Purchase your Solar NFT, start earning, and contribute to a more sustainable future.

    Together, we can harness the sun’s power and help save the planet.

    Don’t forget to follow us on X, Discord, and Telegram to stay updated.

    In case of any queries, please contact –
    SolarShare Support
    Marketing & Support Team
    Marketing@SolarShare.io

    About SolarShare:
    SolarShare is a blockchain-powered platform that enables fractional ownership of real-world solar panels. By tokenising solar farms, SolarShare allows individuals to invest in clean energy projects and earn passive income. SolarShare is leading the charge in democratising access to renewable energy investments with a focus on transparency, sustainability, and community-driven growth.

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7bab472c-8f1c-4e48-abc2-234209bdacd0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ce65aa21-a0bd-4eca-a719-a5a6aa91759f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/48f98475-7228-470f-9f14-48a1675ea0d4

    The MIL Network –

  • MIL-OSI: FIPCOIN Sets New Standard in Cryptocurrency with Stable Value and Guaranteed Returns

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 15, 2024 (GLOBE NEWSWIRE) — The cryptocurrency sector has witnessed a range of innovative products, but few have combined stability with predictable income like FIPCOIN does. Built on the robust Binance Smart Chain (BSC), FIPCOIN offers investors fixed returns independent of market volatility. This unique digital asset blends stability, security, and consistent income, reshaping how individuals and businesses interact with cryptocurrencies.

    FIPCOIN is the brainchild of Mr Piyush Krishna, CEO and Founder of FIP Trade Factory (Fixed Income Platforms), who has an extensive background in managing fintech companies, international banking, and blockchain innovation. With a firm belief in the transformative potential of cryptocurrency, FIPCOIN emerged as the solution to many of the hurdles that traditional finance and existing cryptocurrencies face, such as transaction delays, high fees, and market volatility. FIPCOIN’s operations are supported by Fixed Income Platforms LLC, Bridge Funding & Investments Private Limited and Bridge E-Commerce & Technocrats Private Limited & Wealthwise KB

    At its core, FIPCOIN is designed to maintain its initial buying value, regardless of the turbulent fluctuations that often characterise the cryptocurrency market. This guarantees investors peace of mind by ensuring that their investments retain value while also generating fixed monthly returns. This income is supported by FIPCOIN’s High-Frequency Trading (HFT) activities, which provide steady revenue streams. Such stability makes it an attractive proposition for risk-averse investors looking for a dependable store of value in the ever-changing digital economy.

    The currency also benefits from being backed by reputable fund management firms. FIPCOIN integrates the security of traditional finance with the decentralised power of blockchain technology, making it a unique asset within the cryptocurrency sector. “FIPCOIN is a response to the pressing need for a more stable and reliable investment option in the cryptocurrency sector,” says the CEO. “Our mission is to empower investors by providing them with a predictable income stream while maintaining the integrity of their capital.”

    Traditional fiat-based systems often struggle with slow transaction times, expensive fees, and regulatory inconsistencies. FIPCOIN, leveraging blockchain’s decentralised infrastructure, provides a solution that is faster, more cost-effective, and globally accessible. By bypassing intermediaries, FIPCOIN reduces the costs associated with cross-border payments, enabling seamless international transactions that enhance global commerce.

    Visionary CEO of FIPCOIN, emphasises the coin’s potential: “FIPCOIN represents more than just a cryptocurrency; it’s the future of global payments. We’ve designed it to integrate effortlessly into existing financial systems while also offering unmatched stability and income. It is a game-changer in the world of decentralised finance.”

    FIPCOIN’s most distinctive feature lies in its fixed-income model. While most cryptocurrencies are subject to wild price swings, FIPCOIN offers consistent monthly dividends to its holders. These payments are distributed via a smart contract on the Binance Smart Chain, ensuring transparency, efficiency, and security. This is made possible by the coin’s underlying asset reserve, which supports the dividend payouts.

    “In a world where volatility is commonplace, FIPCOIN’s promise of stable, predictable returns presents a unique advantage,” states the CEO. “Our holders can benefit from the possibility of capital appreciation and consistent income, which is nearly unheard of in today’s digital asset market. However, this is a tried-and-true model we’ve applied since 2018 in our Fixed Income Platforms, where we have consistently provided fixed returns to all our clients. The only change is our transition from traditional fiat currencies to digital currencies.”

    In addition to its innovative economic model, FIPCOIN prioritises security. The platform uses multi-layered encryption and undergoes regular security audits to ensure the safety of users’ assets. Built on Binance Smart Chain’s Proof-of-Staked Authority (PoSA) protocol, the network also benefits from reduced energy consumption and enhanced scalability, further securing its position as a forward-thinking cryptocurrency.

    FIPCOIN is committed to adhering to the regulatory frameworks of various jurisdictions, aiming to build trust and legitimacy in an increasingly scrutinised market. This transparency further bolsters investor confidence, particularly in a landscape often clouded by uncertainty and regulatory challenges.

    FIPCOIN’s ecosystem goes beyond simple payments, emphasising decentralised wallets with multichain functionality that enhances security and usability on both Polygon and Binance Smart Chain. In a bid to democratise film production, FIPCOIN is launching a crowdfunding platform for movies, empowering filmmakers to fund their projects independently.

    The universal blockchain explorer will also enable users to track transactions across multiple blockchains, promoting transparency and trust. Investors can engage in an opinion trading platform with AI-powered bots to share insights and earn rewards while incorporating AI tools for cybercrime prevention, underscoring FIPCOIN’s commitment to security and innovation.

    With a total supply of 1 billion tokens, FIPCOIN has a clear and strategic token distribution model. The initial token supply stands at 200 million, with pre-sale values ranging from $0.80 to $0.90. The team has also planned systematic token burning to reduce the overall supply and encourage scarcity, which should drive up the token’s value over time.

    Looking ahead, FIPCOIN has an ambitious roadmap that includes the development of a decentralised wallet, an opinion trading platform, and a crowdfunding platform for aspiring directors. By Q4 2025, it aims to have fully launched all of its promised use cases, firmly establishing itself as a leader in the cryptocurrency space.

    With an international presence spanning India, Hong Kong, Europe, and Dubai, FIPCOIN is well-positioned to cater to a global audience. The team’s deep understanding of intricate regulatory frameworks and financial systems positions FIPCOIN to lead the way in cryptocurrency innovation.

    “Join us as we pave the way for a new era in cryptocurrency,” urges the FIPCOIN team. “Together, we can redefine the financial sector for investors worldwide.”

    As FIPCOIN prepares for its public presale, scheduled for November 2024, there has never been a better time to get involved. The coin’s ability to provide fixed returns in a market notorious for volatility makes it an ideal choice for both seasoned investors and newcomers.

    To learn more and secure your place in the ecosystem, visit FIPCOIN Presale today and be part of this financial revolution.

    You can also follow us on X, Discord, and Telegram to stay updated.

    In case of any queries, please contact
    Contact Person’s Name: Siva
    Designation: Admin
    Contact Email: admin@fipcoin.ai

    About FIPCOIN:
    FIPCOIN presents a groundbreaking concept in the world of cryptocurrency by offering fixed returns regardless of market circumstances. FIPCOIN guarantees stability by utilising its clients’ extensive cross-border transactions and established High-Frequency Trading (HFT) activities to create steady revenue streams. This unique characteristic establishes FIPCOIN as a dependable digital asset that merges capital growth opportunities with regular monthly profits.

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d5ed90ec-8a23-4a15-b70c-aedea97e6a63

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9380015f-0999-454d-8660-7759c918d6db

    The MIL Network –

  • MIL-OSI: Wearable Devices and RayNeo Collaborate to Lead the Industry of Neural Control for AR Glasses

    Source: GlobeNewswire (MIL-OSI)

    YOKNEAM ILLIT, ISRAEL, Oct. 15, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, today announces the collaboration with RayNeo™ (“RayNeo”), a leader in augmented reality (AR) technology, to collaborate in delivering mass production level solution of next-generation neural interface AR glasses.

    Both parties will be showcasing how neural interface technology can be seamlessly integrated into AR devices, enhancing user experience by enabling hands-free, gesture-based interactions in augmented and mixed reality environments.

    RayNeo is known for its innovations in AR, developing cutting-edge AR glasses that enhance immersive experiences by overlaying digital content in the real world. By integrating RayNeo’s AR glasses with Wearable Devices’ neural gesture control technology, users can experience a truly hands-free interaction, elevating the immersive experience to new heights.

    “We are thrilled to collaborate with an innovative leader such as RayNeo,” said Asher Dahan,  Chief Executive Officer of Wearable Devices. “Our Mudra technology demonstrates the potential of neural gesture control to create immersive, intuitive, and natural interactions in mixed reality environments. This partnership reflects our mutual vision of redefining how people interact with technology in the rapidly evolving extended reality (XR) space.”

    “Collaborating with Wearable Devices represents a significant leap forward in the future of AR technology,” said Howie Li, CEO of RayNeo. “By combining RayNeo’s advanced AR glasses with the cutting-edge neural interface technology from Wearable Devices, we are committed to providing innovative solutions that empower users and transform everyday experiences. We believe this collaboration will lead to a new era of smart, intuitive, and immersive wearable experiences.”

    This collaboration highlights the potential for future innovations in the XR market. The combination of RayNeo’s advanced AR hardware and Wearable Devices’ neural input technology creates exciting possibilities for the next generation of smart wearables, offering seamless and touchless control across various applications. The details of the full terms of this collaboration are subject to negotiation and execution of definitive agreements.

    About Wearable Devices Ltd.

    Wearable Devices Ltd. is a growth company developing AI-based neural input interface technology for the B2C and B2B markets. The Company’s flagship product, the Mudra Band for Apple Watch, integrates innovative AI-based technology and algorithms into a functional, stylish wristband that utilizes proprietary sensors to identify subtle finger and wrist movements allowing the user to “touchlessly” interact with connected devices. The Company also markets a B2B product, which utilizes the same technology and functions as the Mudra Band and is available to businesses on a licensing basis. Wearable Devices Is committed to creating disruptive, industry leading technology that leverages AI and proprietary algorithms, software, and hardware to set the input standard for the Extended Reality, one of the most rapidly expanding landscapes in the tech industry. The Company’s ordinary shares and warrants trade on the Nasdaq market under the symbols “WLDS” and “WLDSW”, respectively.

    About RayNeo™

    RayNeo™, incubated by TCL Electronics (1070.HK), is an industry leader in consumer-grade AR innovation, developing some of the world’s most revolutionary AR consumer hardware, software and applications. RayNeo specializes in the research and development of AR technologies with industry-leading optics, display, algorithm and device manufacturing.

    Established in 2021, RayNeo has launched the world’s first full-color Micro-LED optical waveguide AR glasses, achieving several technology breakthroughs in the industry. Alongside winning the “Best Connected Consumer Device” at MWC’s Global Mobile Awards (GLOMO) 2023 with NXTWEAR S, RayNeo also developed the innovation consumer XR wearable glasses, RayNeo Air 2, featuring top-tier, cinematic audiovisual experiences with ultimate comfort. For more information, please visit: https://www.rayneo.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss benefits and advantages of our technology and solutions and those of RayNeo and our expectation that this collaboration will lead to a new era of smart, intuitive, and immersive wearable experiences. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. The Company may not enter into or complete any definitive agreement for the proposed collaboration or, even if it does, such collaboration may not achieve the intended benefits. Therefore, you should not rely on any of these forward-looking statements. 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: the full terms of the contemplated collaboration which are subject to negotiation and execution of definitive agreements; the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2023, filed on March 15, 2024 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact

    Walter Frank
    IMS Investor Relations
    203.972.9200
    wearabledevices@imsinvestorrelations.com

    The MIL Network –

  • MIL-OSI: Qorvo® to Webcast Quarterly Earnings Conference Call on October 29, 2024

    Source: GlobeNewswire (MIL-OSI)

    GREENSBORO, N.C., Oct. 15, 2024 (GLOBE NEWSWIRE) — Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 second quarter financial results on Tuesday, October 29, 2024, at 5:00 p.m. (ET). The conference call will be webcast live on the Company’s Investor Relations website at the following URL: https://ir.qorvo.com (under “Events & Presentations”).

    A telephone playback of the conference call will be available approximately two hours after the call’s completion and can be accessed by dialing 1-412-317-0088 and using the passcode 2723791. The playback will be available through the close of business on November 5, 2024.

    Qorvo will distribute fiscal 2025 second quarter financial results at approximately 4:00 p.m. (ET) on Tuesday, October 29, 2024.

    About Qorvo
    Qorvo (Nasdaq:QRVO) supplies innovative semiconductor solutions that make a better world possible.  We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges.  Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile.  Visit http://www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.

    Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.

    This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “forecast”, “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations as of the date the statement is first made, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We caution you not to place undue reliance upon any such forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results on a quarterly and annual basis; our substantial dependence on developing new products and achieving design wins; our dependence on several large customers for a substantial portion of our revenue; a loss of revenue if defense and aerospace contracts are canceled or delayed; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs, due to timing of customers’ forecasts; our inability to effectively manage or maintain relationships with chipset suppliers; our ability to continue to innovate in a very competitive industry; underutilization of manufacturing facilities; unfavorable changes in interest rates, pricing of certain precious metals, utility rates and foreign currency exchange rates; our acquisitions, divestitures and other strategic investments failing to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; warranty claims, product recalls and product liability; changes in our effective tax rate; enactment of international or domestic tax legislation, or changes in regulatory guidance; changes in the favorable tax status of certain of our subsidiaries; risks associated with social, environmental, health and safety regulations, and climate change; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches, failed system upgrades or regular maintenance and other similar disruptions to our IT systems; theft, loss or misuse of personal data by or about our employees, customers or third parties; provisions in our governing documents and Delaware law may discourage takeovers and business combinations that our stockholders might consider to be in their best interests; and volatility in the price of our common stock. These and other risks and uncertainties, which are described in more detail under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 30, 2024, and Qorvo’s subsequent reports and statements that we file with the SEC, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

    At Qorvo®
    Doug DeLieto
    VP, Investor Relations
    1-336-678-7968

    The MIL Network –

  • MIL-OSI: Bullish Sentiments High on Gold Trends as Mining Operations Continue to Ramp Up

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Oct. 15, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – In an recent article published by Skilliing.com regarding current Gold trends: “From ancient civilizations to modern-day investors, gold has consistently been sought after for its perceived stability and hedge against inflation and economic uncertainty. This enduring appeal has led to significant price movements over the years, with gold prices often mirroring broader economic trends. Understanding these dynamics is crucial for predicting future gold price movements and making informed investment decisions. According to experts, the gold price in October 2024 is expected to be influenced by several key factors. The ongoing geopolitical tensions, particularly in the Middle East, are likely to keep gold prices elevated. Additionally, the anticipation of US rate cuts in the third and fourth quarters of 2024 could further boost gold prices. With the current record already at $2,431.85, the next milestone to watch is $2,500 per ounce. The bullish setup of gold’s chart and its leading indicators suggest that gold could move close to the $2,550 area in 2024. This prediction is supported by the recent rally in gold prices, which has already surpassed many predictions for the year. The combination of geopolitical concerns and the potential for rate cuts makes a further rally in gold prices plausible.” Active mining companies in the markets this week include RUA GOLD Inc. (OTCQB: NZAUF) (TSX-V: RUA), Mawson Gold Limited (OTCPK: MWSNF), Founders Metals Inc. (OTCQX: FDMIF), SNOWLINE GOLD CORP (OTCQB: SNWGF) (TSX-V: SGD), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM).

    Skilliing.com added: “In the context of broader economic trends, the gold price prediction for October 2024 is also influenced by the strength of the dollar and the overall economic landscape. As interest rates start to fall, gold prices could hit fresh records. The average price target for gold in the final quarter of 2024 is around $2,175 per ounce, according to JPMorgan Chase & Co. This suggests a continued upward trajectory for gold prices in the latter half of 2024. 2025 Outlook: The outlook for 2025 is more uncertain. Some experts expect gold prices to stabilize around $2,350 per ounce in early 2025, with a potential decline to $2,175 later in the year, depending on the pace of U.S. central bank rate cuts. HSBC predicts a 12% drop in gold prices in 2025 due to rising real interest rates, while other analysts remain bullish, suggesting prices could exceed $3,000. 2030 Outlook: By 2030, some forecasts suggest gold could reach $7,000 per ounce, driven by low real interest rates, rising inflation, and demographic shifts that fuel demand for gold as a secure asset. Central bank demand will likely play a key role in supporting long-term growth.”

    RUA GOLD’s (TSXV:RUA) (OTCQB:NZAUF) Drill Program Intersects Near Surface Gold at The Reefton Project – RUA GOLD Inc. (WKN: A4010V) (“RUA GOLD” or the “Company”) is pleased to provide an update from the drilling campaign underway at the Reefton Project on the South Island of New Zealand.    The Company commenced its near mine drill program on the Murray Creek targets in July. A second drill rig was introduced in September to test the Capleston vein system. These historic mines collectively produced ~700koz of gold at 25.2g/t within a radius of ~20 kilometers.

    Robert Eckford, CEO of RUA GOLD commented: “Our five years of meticulous surface exploration work over the Reefton project is paying dividends from the outset of this drill program. Both of the initial drill holes have confirmed we are in right area and are locating these lodes. The near surface intercepts on Capleston are encouraging and makes for compelling economic ounces, it supports our thesis that the surface veins are continuous past the old workings. Despite the initial drill hole at Murray Creek hitting old workings, it is extremely encouraging that we have identified the dip angle of the Victoria lode and we have even more confidence with the subsequent hole that is underway now, and results from this will be ready in the next few weeks.”

    Capleston – On the second drill rig, which was introduced to test the Capleston vein system, the Company targeted an undeveloped and near-surface vein at the southern end of the two kilometer long historic Capleston project, the highest-grade producer of the Reefton Goldfield historically. Near surface targets lend themselves to early development and are the closest to transportation and infrastructure, providing low-cost operational advantages.

    The first diamond drill hole, DD_REF_043, intersected a 12m zone of quartz-pyrite-arsenopyrite in the hanging wall, with a 1m quartz vein from 31m to 32m @ 3.86 g.t Au.   A legacy drill hole intercepted the southern lode at 33m downhole, with 1m @ 24g/t Au followed by 1m @ 2.5g/t Au1. Mapping has recorded historical waste samples up to 32.0g/t Au in the vicinity, and a strong soil anomaly enveloping the vein (up to 410ppb Au).

    Murray Creek – RUA GOLD reports the completion of the first hole testing the down-dip extension of the Victoria lode, DD_VIC_041, which is being evaluated by the team. This intersected the targeted reef at 344m down hole and encountered historical underground workings over a 4m length. It then exited out to the footwall before drilling on for an additional 20m.

    This confirms that the lode extension is accurate and, with the precise location confirmed, a second hole is underway that is 50m deeper down dip from the initial drill hole. The Company anticipates an intersection into an un-mined portion of the reef at around 350m. Results from this testing will be available in the coming weeks.    CONTINUED… Read this full press release and more news for RUA GOLD at:   https://www.financialnewsmedia.com/news-rua/

    Other recent developments in the mining industry of note include:

    Mawson Gold Limited (OTCPK: MWSNF) recently announced that further to its news releases dated June 10, 2024 and July 30, 2024, Mawson has entered into an arrangement agreement (the “Arrangement Agreement”) with SUA Holdings Ltd. (“SUA”), a newly formed wholly-owned subsidiary of Mawson, pursuant to which the Company proposes to spin-out its uranium assets in Sweden (the “Uranium Assets”) to SUA in consideration for common shares of SUA (“SUA Common Shares”) and distribute 100% of the SUA Common Shares it then holds to the Mawson shareholders on a pro rata basis. As a result, following completion of the Arrangement, the Mawson shareholders (other than any dissenting shareholders) will also become shareholders of SUA and SUA will no longer be a subsidiary of Mawson.

    In connection with the Arrangement, Mawson has subscribed for additional SUA Common Shares for aggregate consideration of $600,000 to provide working capital to SUA. Such additional SUA Common Shares will also be distributed to the Mawson shareholders under the Arrangement.

    Founders Metals Inc. (OTCQX: FDMIF) recently announced that, further to the press release dated October 10, 2024, it has entered into an agreement with B2Gold Corp (“B2Gold”) for a C$12.1 million investment (the “Strategic Investment”) at a price of C$2.75 per common share (each, a “Share”). Together with the previously announced bought deal private placement of C$20M (the “Brokered Offering”), the Company will raise a total of C$32.1 million, fully funding the planned 2025 budget. Upon completion of the Strategic Investment and the Brokered Offering, B2Gold will own 5.0% of the Company’s issued and outstanding common shares on a non-diluted basis.

    Colin Padget, Founders’ President & CEO commented, “We are very pleased with B2Gold’s investment in Founders along with the support and validation it brings to our Antino Gold Project. We look forward to drawing on B2Gold’s experience in exploring for, and developing, world-class mining assets in similar geological environments. This broader financing package leaves Founders well positioned to ramp up exploration at Antino, fully funding our planned 2025 exploration budget and the near-term addition of a fourth diamond drill.”

    SNOWLINE GOLD CORP (OTCQB: SNWGF) (TSX-V: SGD) recently announced additional analytical results from its 2024 Valley deposit drilling campaign on the Rogue Project in Canada’s Yukon Territory alongside updates on its regional activities. Holes V-24-081 and V-24-084 returned strong, consistent gold grades from near-surface along the southwestern edge of the Valley deposit, outperforming the model used for the Company’s initial mineral resource estimate (MRE) earlier this year. In addition, Snowline has completed the first phase of a reclamation program at the Plata mining camp near the Rogue Project, organizing and inventorying debris and abandoned equipment from historical mining activities in the region for future demobilisation. The Company awaits analytical results from the majority of its 2024 exploration campaign, including >24,600 m of drilling in 44 holes across 5 different targets.

    “It is a testament to the consistency of mineralization at Valley that results like today’s have become almost commonplace,” said Scott Berdahl, CEO & Director of Snowline. “Nonetheless, they further demonstrate the strength of the system near surface, and key holes V-24-081 and V-24-084 outperform our model along the southwest margin of the deposit.

    Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) recently announced that it has filed an updated technical report for the Detour Lake mine in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

    The technical report is available on SEDAR+ (http://www.sedarplus.ca) and on the Company’s website (http://www.agnicoeagle.com).   Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico.

    About FN Media Group:

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

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

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

    Contact Information:

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

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Metal Sky Star Acquisition Company Announces LOI with Fedilco Group Limited

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Metal Sky Star Acquisition Corporation, a Cayman Islands exempted company (NASDAQ: MSSA) (the “Company” or “Metal Sky”) announced today that it has entered into a letter of intent (the “LOI”) with Fedilco Group Limited, a Cyprus based company (“Fedilco”) holding 80% equity interest of Viva Armenia Closed Joint-Stock Company, an Armenia-based telecommunication company (“Viva”). Pursuant to the LOI, the Company expresses interest in acquiring all the issued and outstanding shares of Fedilco. The parties will obtain all the required permissions and/or approvals of the state authorities of the Republic of Armenia.

    Viva’s success in the field of mobile communications is conditioned by the following principle: mobile services should be available not to a limited number of people, but to everyone. Viva provides its subscribers with the opportunity to keep in touch with their homeland, regardless of their location. Viva has 529 roaming partners in 192 countries of the world. Viva is the first company in Armenia to introduce and apply CSR as a management model and is the first operator to be guided by the international principles of social responsibility ISO 26000.

    “We are excited to announce this LOI with Fedilco,” said Wenxi He, CEO of Metal Sky. “Viva is emerging as a leader in the telecommunication industry in Armenia, and we believe that this transaction will position us to effectively capitalize on growth opportunities in the sector and enhance shareholder value.”

    “We are excited to enter this partnership to meet our commitment to focus on the next generation telecommunication technology,” said Loizos Vasiliou, Director of Fedilco. “This partnership into the public markets broadens our investor base and the combined company will have a strong platform to drive innovation and expand our market reach.”

    About Metal Sky Star Acquisition Corporation

    Metal Sky Star Acquisition Corporation is a blank check company formed under the laws of the Cayman Islands for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

    About Fedilco Group Limited

    Fedilco Group Limited, incorporated under the laws of Cyprus, is the controlling shareholder of Viva, a leading and innovate technology company in Armenia’s ICT sector.

    Forward Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed transaction with Fedilco. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s annual report for the fiscal year ended December 31, 2023, filed with the SEC on August 30, 2024. Copies are available on the SEC’s website, http://www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contacts:

    Wenxi He
    Chief Executive Officer
    221 River Street, 9th Floor,
    Hoboken, New Jersey
    (201)721-8789
    Email: olivia.he@gmail.com
    olivia@metalskystar.com

    Source: Metal Sky Star Acquisition Corporation

    The MIL Network –

  • MIL-OSI: Crete Professionals Alliance uses Intapp to drive innovation and rapid growth in the highly regulated accounting market

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that Crete Professionals Alliance (Crete PA) has implemented Intapp Conflicts to centralize the conflicts and independence process that protect Crete PA and its member firms alike.

    Keeping pace with industry change

    The accounting industry is undergoing a fundamental change, driven in part by an increase in private equity funding. This infusion of capital has driven two main responses: firms are either growing through acquisitions, or they are readying themselves for a potential acquisition.

    Crete PA has responded to these market forces by creating a growing network of accounting and professional services firms. Crete PA’s partnership model augments the power of individual firm brands and cultures, with the capabilities of a national platform, to grow revenues, create efficiencies, and access capital.

    “When forming Crete PA, it was important that we let firms preserve their individual brands and culture that makes them special — while still letting them tap into the opportunity to be part of a larger national organization,” said Jake Sloane, Co-Founder of Crete PA. “By centralizing back-office functions, including conflicts and independence, we’re creating efficiencies that enable growth while letting professionals focus on the accounting work they’re best at. Partnering with Intapp on conflicts is one of several ways our firms are adapting to fast-evolving technology and benefiting from AI.”

    This partnership approach has worked well for Crete PA. Since its founding in 2023, it has received funding from Thrive Capital and Bessemer Venture Partners to focus on technology evolution. It also became one of the fastest growing networks of accounting and professional services firms in the U.S. In its first year, Crete PA partnered with more than 10 firms with multi-decade track records of excellent client service.

    “Crete PA is taking a real leadership position in today’s quickly evolving accounting market,” said Kareem Zaki, Partner at Thrive Capital. “Centralizing and tech-enabling back-office functions for its network of accounting firms — through its partnership with Intapp — is spurring operational infrastructure advancement and supporting continued growth for member firms, while maintaining who they are at the core.”

    Addressing conflicts clearance

    “In our partnership model, conflicts and independence clearance can be complex and a new challenge for firms that must consider services being performed across the other Crete PA member firms,” said Brad Knudsen, Director of Compliance at Crete PA. “Using Intapp, we’ve created a centralized way to check conflicts and independence, ensuring compliance with professional standards and increasing trust in our growth and operating strategy.”

    Knudsen added: “We were able to implement Intapp through our centralized technology stack, which means that we do not have to implement the technology every time we partner with a new firm. This can be a big relief for firms that want to minimize unnecessary software implementations.”

    Intapp compliance solutions help professionals quickly yet thoroughly evaluate new business, onboard clients, and monitor relationships for compliance throughout the client lifecycle. Crete PA is using Intapp Conflicts to implement a centralized, AI-driven approach to help ensure all potential conflicts and independence impairments are addressed quickly and confidently.

    All member firm data now flows into a consolidated data warehouse where Intapp Conflicts uses Applied AI and predictive risk-scoring capabilities to search for and analyze potential conflicts. The software helps automate these functions, enabling Crete PA’s compliance team to focus on results containing high-risk issues and requiring responsive remediations.

    “Intapp Conflicts is not just helping us bolster our overall compliance posture, it’s bringing an element of innovation to a traditionally slow and painful function,” said Leslie Adler, General Counsel at Crete PA. “Oftentimes, firms rely on spreadsheets, manual processes, and lengthy completion timelines to clear a prospect and get an engagement letter out. Our approach, using a best-in-class AI-powered solution, will unburden staff and improve the firm’s overall risk management profile.”

    Multiplying success with Intapp

    “Crete PA is leading the way amid dynamic industry changes, and we’re thrilled they’ve chosen us to support them,” said Tom Koehler, Global Managing Principal of Accounting and Consulting Industries at Intapp. “Intapp Conflicts is not only centralizing the information and processes that protect Crete PA and its member firms, but also introducing advanced automation to facilitate seamless compliance across dispersed office locations and teams. This innovative approach enhances operational independence and mitigates regulatory risk during a period of exponential growth, setting a new standard for efficiency and governance in the profession.”

    On the heels of its successful Intapp Conflicts implementation, Crete PA is implementing Intapp Intake to further automate and ease its new client acceptance, onboarding, and continuance processes.  

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

    ABOUT CRETE PROFESSIONALS ALLIANCE
    The accounting industry is fundamentally changing, partially driven by the uptick in Mergers & Acquisitions (M&A) activities in the past several years. Crete Professionals Alliance (“Crete PA”) established itself in 2023 to create an alternative to the traditional exit options for accounting and professional services firm owners. Crete PA partners with firms across the country to complement their existing strengths and support their future growth. Its structure supports local leadership, local brands, and local cultures while providing access to its national back-office resources and financial backing. Crete PA makes investments in the non-attest businesses of accounting firms, all of which adopt an alternative practice structure.

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

    The MIL Network –

  • MIL-OSI: Red Cat Secures $1 Million Contract for its FlightWave Edge 130 Blue

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, Oct. 15, 2024 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it secured a $1 million contract for its Edge 130 Blue drones from the United States Army Communications-Electronics Command (CECOM). The contract was secured through Noble, a leading provider of global sustainment and operations support for the U.S. Military and civilian government agencies, and was coordinated for procurement by the U.S. Defense Logistics Agency (DLA) on behalf of CECOM.

    FlightWave, an industry-leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brings FlightWave’s flagship drone, the Edge 130 Blue into its family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. FlightWave’s size, weight and vertical take off capabilities makes it ideal for maritime operations and littoral environments. FlightWave’s recent TACFI award will accelerate advanced enhancements to the Edge 130 Blue.

    “It is great to deepen our relationship with the U.S. Army and to be part of CECOM’s mission to deliver C5ISR systems that enable full spectrum combat operations at the point of need,” said Jeff Thompson, Red Cat CEO. “We are committed to supporting the U.S. Army’s modernization strategy and transformation into a multi-domain force where small, portable unmanned aerial systems like the Edge 130 play an increasing role in conducting intelligence, maneuver, and strike activities across multiple battlefield formations.”

    The Edge 130 Blue is a UAS-certified military-grade tricopter for long-range mapping, inspection, surveillance, and reconnaissance needs. Designed specifically for government and military applications, the Edge 130 Blue can be assembled and hand-launched in just one minute by a single user to capture high-accuracy aerial imagery with medium-range autonomy. Weighing in at only 1200g, the Edge has a 60+ minute flight time in forward mode, an industry-leading endurance among all other Blue UAS-approved drones available.

    About Red Cat, Inc.
    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a bleeding-edge Family of ISR and Precision Strike Systems including the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class, the Edge 130 Blue Tricopter for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at http://www.redcat.red.

    Forward Looking Statements
    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    The MIL Network –

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC – 14 10 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LEARNING TECHNOLOGIES GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 14 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 0.375p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 10,096,008 1.2745    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 10,096,008 1.2745    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SALE 10,600 92.7p
    0.375p ORDINARY SALE 1,075 92.705p
    0.375p ORDINARY SALE 5,000 92.715p
    0.375p ORDINARY PURCHASE 3,843 93.0171p

    (b)        Cash-settled derivative transactions

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

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

    (i)        Writing, selling, purchasing or varying

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

    (ii)        Exercise

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

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

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

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 15 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network –

  • MIL-OSI: Form 8.3 – [ECKOH PLC – 14 10 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ECKOH PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 14 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 10p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 20,765,401 7.1465    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 20,765,401 7.1465    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    10p ORDINARY SALE 121,200 44.51p
    10p ORDINARY SALE 23,290 44.633p

    (b)        Cash-settled derivative transactions

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

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

    (i)        Writing, selling, purchasing or varying

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

    (ii)        Exercise

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

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

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

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 15 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network –