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Category: GlobeNewswire

  • MIL-OSI: Capgemini’s World Energy Markets Observatory annual report 2024: The Paris Agreement’s goals are no longer achievable, but net zero is still in sight with accelerated efforts

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Florence Lievre
    Tel.: +33 1 47 54 50 71
    Email: florence.lievre@capgemini.com

    Capgemini’s World Energy Markets Observatory annual report 2024:
    The Paris Agreement’s goals are no longer achievable, but net zero is still in sight with accelerated efforts

    • Despite impressive strides in 2023 and positive projections for 2024, the pace of renewable development isn’t fast enough
    • The critical role of nuclear energy to addressing increased clean energy demands is now recognized, but construction of new large power plants takes time and industrialization of Small Modular Reactors (SMRs) is proving complex
    • Addressing the complexity of energy transition challenges will require new market mechanisms encouraging further innovation, choosing appropriate measures, and accelerated public and private investment in low carbon technologies and the power grid

    Paris, October 10, 2024 – Capgemini has published the 26thedition of its annual World Energy Markets Observatory (WEMO), created in partnership with Hogan Lovells, Vaasa ETT and Enerdata. The report takes stock of the current state of the energy transition. Despite progress being made, greenhouse gas (GHG) emissions are continuing to increase, reaching a new record high of 37.4 billion tonnes (Gt) in 20231, confirming that the path to the reach Paris Agreement’s objectives is not on track. The report provides insights on what the key focus areas would need to be, moving forward, to address the complex energy transition challenges, including a change in the measurement of clean energy progress, as well as accelerated investment in the power grid and clean technologies.

    James Forrest, Global Energy Transition & Utilities Industry Leader at Capgemini says: “Despite an historical spike in renewable penetration, the pace of development isn’t fast enough to close the gap. There is still much to do in the next decade to get closer to net zero by 2050 and achieve a successful energy transition: whether it be in the field of low carbon technologies, R&D efforts, nuclear or grid flexibility and storage. In addition, beyond the necessary adoption of new market mechanisms, a shift away from measuring energy based on primary consumption is needed. This measurement was relevant during past energy crises, but it is now time to adopt a more holistic approach. Moving to a final energy demand measurement would better assess clean energy progress and ensure more accurate projections.”

    Key observations from the 2024 report include:

    • There is a need to hasten the deployment of renewable energy globally, and to accelerate in developing countries, to deliver the 2030 and 2050 decarbonization goals. The total amount of final energy provided by renewable energy is likely to be limited to about 40% of global needs. In 2023, total renewable energy capacity increased by 14% year on year with a larger capacity expansion of solar (32%) than wind (13%). But, whilst 2024 is promising to hit another record, as this was the case for the 22nd previous years, this growth is far below what is needed to achieve net zero carbon in 2050. Moreover, while the renewable penetration rate increases, they are impacting grid stability and association with stationary batteries will become compulsory. According to the report, storable renewable energies development, such as biomass or geothermal energy, should be accelerated.
    • Hydrogen is now a strategic lever in the decarbonization path. The number of projects reaching final investment decision has quadrupled over the last two years. However, a refocus of applications has been observed due to the increasing costs of low-carbon hydrogen production, competition between uses, and regulations. Only certain uses in ‘Hard to Abate’ industries, such as heavy industry and maritime mobility, have strong potential.
    • Global nuclear capacity needs to triple to ensure stable, low-carbon power. COP28 has recognized the critical role of nuclear energy for reducing the effects of climate change. While there is some promising progress in nuclear renaissance, including Small Modular Reactors (SMRs), development of new nuclear power plants is still difficult. In 2023, 440 nuclear reactors (390 GW) provided 9% of the world’s electricity, 25% of the world’s low-carbon electricity. SMRs are in the planning or early construction stages with many years before they are deployed at scale as their industrialization can prove to be complex. According to the report, more focus needs to be placed on extending the life of existing nuclear plants.
    • The power grid plays a fundamental role to accelerate clean energy transitions. Grid investment is starting to pick up and is expected to reach USD 400 billion in 20242, with Europe, the United Sates, China and parts of Latin America leading the way. According to the report, better forecasting electricity consumption and finer optimization scenarios thanks to technologies such as AI will help to improve grid balancing.
    • Whilst AI has the potential to significantly accelerate decarbonization, a lack of skills and a focus on short-term proof of concepts is hampering adoption to date. However, AI coupled with GenAI in agentic LLM (Large Language Model) workflows3 has a clear role to play as a catalyst to improve grids efficiency, e-fuel discovery; new battery or wind turbine design; synthetic biology; and augmented insights from many data sources for better informed decision making.
      • Protectionist approaches to increasing energy sovereignty may have undesirable implications. Ongoing geopolitical uncertainties are affecting energy markets and systems. To ensure security of supply, the use of embargoes, tariffs and subsidies in almost all jurisdictions is distorting energy markets and threatens efficient allocation of capital. According to the report, embargoes are proving ineffective, and decreasing the transparency and traceability of energy supplies, which is essential to tracking decarbonization efforts. Denying access to the cheapest sources of energy equipment and energy supplies drives up prices for consumers and reduces funding available for the energy transition.
      • According to the report, ‘Primary Energy Demand’ is an outdated concept for energy transition. There is a need to move from primary to final energy consumption measurement (in kWh) to ensure accurate projections, and clean energy progress. Measuring energy based on primary consumption ignores that: for the same end-energy services, new electric services are generally more efficient; a lot of fossil fuels are wasted in the generation of electricity; energy is also wasted on finding and processing fossil fuels.

    The World Energy Markets Observatory (WEMO) is Capgemini’s annual thought leadership and research report created in partnership with Hogan Lovells, Vaasa ETT and Enerdata, that tracks the transformation of global energy markets, including Europe, North America, Australia, Southeast Asia, India, and China. Now in its 26th edition, the report has been prepared by a global team of over 100 experts, and includes 15 articles, all backed with rigorous analysis. The report begins with a global outlook, then covers the topics pivotal to the energy transition including geopolitical impacts, demand side energy transition, batteries, renewables, SMRs, Hydrogen, Industrial Heat, GenAI and the Inflation Reduction Act (IRA).
    For more information and to get access to the report, click here

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.
    Get The Future You Want | http://www.capgemini.com

    1 Source: IEA- CO2 Emissions in 2023
    2 Source IEA: Electricity Grids and Secure Energy Transitions

    3 GenAI in agentic LLM (Large Language Model): iterative and collaborative model that transforms the interaction with LLMs into a series of manageable, refinable steps.

    Attachments

    The MIL Network –

  • MIL-OSI: TSplus Wraps Up Another Successful Quarter with Major Developments and New Product Enhancements

    Source: GlobeNewswire (MIL-OSI)

    LYON, France, Oct. 10, 2024 (GLOBE NEWSWIRE) — TSplus recently held its quarterly meeting in Lyon, where the entire headquarters gathered to celebrate milestones, strategize for the future, and share some exciting product updates. The company, known for its innovation and affordable alternatives to Citrix, is on track to expand its presence globally and further strengthen its offerings.

    Dominique Benoit, CEO of TSplus, opened the meeting by highlighting the company’s rapid growth, with about 600,000 clients and 8,000 resellers across the world. He emphasized TSplus’ position as the “French Citrix-Killer,” with upcoming subscription models for TSplus Remote Access poised to capture more market shares.

    “We’re building towards an exciting future,” Dominique said. “By 2030, we aim to grow from 80 employees to 500, and we’re already laying the groundwork with new strategic developments.”

    Powering the Future of Remote Access

    This quarter has seen remarkable growth, with invoice numbers doubling and a projected 15% revenue increase by year-end. The company’s flagship product, Remote Access Enterprise, has emerged as a best-seller, and key markets like India, France, and the USA are hosting the largest customers. Additionally, TSplus is proud to announce the official launch of TSplus China, located near Shanghai, marking an important milestone in expanding its presence in the Asia-Pacific region.

    Advanced Security, Remote Access and Beyond

    The Development Team has been hard at work, with the upcoming release of Advanced Security 7.1 taking center stage. This release, still in beta version, will introduce a completely revamped user interface, providing a smoother and more intuitive experience. New features will be included too, to increase risk awareness and protection performance.

    In other product news, Remote Access has seen over 30 updates and 40 fixes, such as improvements to the Universal Printer and a sleek new Web Portal. Remote Support now boasts 2FA protection, cross-platform compatibility over macOS and Windows devices, and a soon-to-be-released Android app.

    Leader To Be in Secure Remote Access Solutions

    TSplus has also focused on enhancing its digital presence, with a complete redesign of TSplus.net. The revamped website has significantly boosted traffic generating a 20% sales growth. Meanwhile, the Licensing Portal has been simplified, making it easier for resellers to navigate.

    As AI continues to shape the marketing landscape and Google ranking algorithm, TSplus is staying ahead to create high-quality videos, blog posts, and website enhancements, further expanding the company’s visibility everywhere on the Web.

    With ambitious plans on the horizon, TSplus is set to roll out additional updates, including a full overhaul of all their showcase websites. These developments will further solidify TSplus’ position as a global leader in secure remote access solutions.

    Try any TSplus software for free today with a 15-day trial by visiting http://www.tsplus.net.

    Media Contact:
    Floriane Mer
    Marketing Manager at TSplus
    floriane.mer@tsplus.net

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/03affb29-cb02-4102-8792-863ea0b86f83

    The MIL Network –

  • MIL-OSI: Sacks Parente Golf Inc. Announces Closing of $732,000 Underwritten Public Offering of Shares of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    CAMARILLO, CA, Oct. 10, 2024 (GLOBE NEWSWIRE) — Sacks Parente Golf, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announced the closing of its underwritten public offering (the “Offering”) of 366,000 shares of Common Stock for aggregate gross proceeds of approximately $732,000, prior to deducting underwriting discounts and other offering expenses.

    The Company intends to use the net proceeds from this Offering for general corporate and working capital needs.

    The transaction closed on October 10, 2024.

    In addition, the Company has granted Aegis Capital Corp. a 45-day option to purchase additional shares of common stock of up to 15% of the number of shares of common stock sold in the Offering solely to cover over-allotments, if any. If this option is exercised in full, the total gross proceeds of the offering including over-allotments are expected to be approximately $842,000 before deducting underwriting discounts, commissions and offering expenses, which amount would essentially exhaust the maximum amount the Company can currently raise under its shelf registration statement.

    Aegis Capital Corp. acted as the sole book-running manager for the Offering. TroyGould PC acted as counsel to the Company. Kaufman & Canoles, P.C. acted as counsel to Aegis Capital Corp.

    The Offering was made pursuant to an effective registration statement on Form S-3 (No. 333-281664) previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on September 23, 2024. A preliminary prospectus (the “Preliminary Prospectus”) describing the terms of the proposed offering was filed with the SEC and is available on the SEC’s website located at http://www.sec.gov. Electronic copies of the Preliminary Prospectus may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at (212) 813-1010. Before investing in this Offering, interested parties should read in their entirety the registration statement and the Preliminary Prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such registration statement and the Preliminary Prospectus, which provide more information about the Company and the Offering.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Sacks Parente Golf, Inc.

    Sacks Parente Golf, Inc. is a technology-forward golf company that help golfers elevate their game. With a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, the Company’s innovative accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (ULBP) putter technology, weight-forward Center-of-Gravity (CG) design, and pioneering ultra-light carbon fiber putter shafts.

    Forward-Looking Statements

    The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

    Investor Contact for Sacks Parente Golf, Inc.:
    Tel: (855) 774-7888, Option 8
    investors@sacksparente.com

    The MIL Network –

  • MIL-OSI: Form 8.3 – [KEYWORDS STUDIOS PLC] – 09 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    		 KEYWORDS STUDIOS 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    		 09 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: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,368,324 1.6991    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,368,324 1.6991    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 1,110 2438.2p

    (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: 10 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 – 09 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    		 09 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: 20,954,086 7.2114    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 20,954,086 7.2114    

    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 34,325 41.76p
    10p ORDINARY SALE 30,425 41.81p

    (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: 10 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: Phunware to Participate in Webull Virtual Corporate Connect Webinar

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) — Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, announces that it will participate in the Webull LIVE! with Corporate Connect: Technology Investment Webinar on Wednesday, October 16, 2024 at 2pm ET. Phunware CEO Mike Snavely will present an overview of the Company and its strategic path forward and then participate in a Q&A session with investors.

       
    Presentation Date: October 16, 2024
    Time: 2pm ET
    Webinar Link: Click here to register
       

    About Phunware
    Leading hospitality brands partner with Phunware to delight their guests with personalized mobile experiences. Phunware’s mobile applications and SDKs leverage patented wayfinding and contextual engagement to guide guests to the right experience at the right time. Hotels, resorts, casinos, and convention centers can integrate their most important business systems to unify the guest journey, boost loyalty, and drive new revenue across their properties.

    https://www.phunware.com/solutions/hospitality/

    Safe Harbor
    This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. For example, Phunware is using forward-looking statements when it discusses the proposed offering and the timing and terms of such offering and its intended use of proceeds from such offering should it occur. 

    The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC, including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.

    Phunware Media Inquiries: 
    MZ Group, North America
    Joe McGurk, Managing Director
    917-259-6895
    PHUN@mzgroup.us

    Phunware Investor Relations: 
    CORE IR
    516-222-2560
    investorrelations@phunware.com

    The MIL Network –

  • MIL-OSI: Blockgraph Announces Release of Blockgraph OnDemand, a Self-Serve First-Party Data Onboarding Solution

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Blockgraph, a leading privacy-centric identity and data collaboration platform designed to fuel the future of connected TV advertising, today announced the launch of Blockgraph OnDemand, a new self-serve data onboarding solution designed so advertisers of any size can leverage their first-party audience and purchase data with participating media seller and ad tech platform partners. The new offering makes it easy for marketers to quickly and securely execute and measure targeted campaigns across connected TV households as well as attribute purchases to ad exposures. The cost-effective solution offers simple sign up with no upfront fees, ultimately facilitating easy onboarding of first-party data with no intermediaries, delivering efficient, privacy-focused audience-based targeting, measurement, and attribution.

    Due to ongoing signal loss in digital advertising, marketers must find new technology solutions to harness their first-party data in order to effectively target and engage their most relevant audiences. CTV has been an increasingly favored solution for many large and enterprise advertisers, allowing them to use first-party data to connect viewers on multiple screens and devices. However, these targeting methods have until now been difficult for smaller and mid-sized advertisers to execute due to cost and technology limitations.

    “First-party data is an essential asset for marketers seeking to improve campaign performance, particularly those who have relied on cookies and other third-party data sources,” said Jason Manningham, CEO of Blockgraph. “Our new self-serve data onboarding solution democratizes access to first-party data targeting and measurement, ensuring that smart, forward-thinking marketers can run successful campaigns with participating supply and platform partners. With this launch, we are looking forward to taking our business from our first 50 to our next 500 customers by focusing on an underserved and valuable segment of marketers.”

    Blockgraph OnDemand allows advertisers to sign up for free online and securely upload their first-party data through a user-friendly interface. Audience and purchase data can be deterministically matched to select media and platform partners in a privacy-centric manner, enabling relevant ads to be planned, delivered, and measured on a household level. As a result, advertisers using Blockgraph OnDemand can take advantage of a one-step process to execute linear and streaming CTV campaigns as easily as walled garden buys, while also being able to transparently assess performance.

    “We share Blockgraph’s commitment to providing local small and medium-sized businesses with easier access to the tools they need to optimize the outcomes of their advertising campaigns,” said Rob Klippel, Senior Vice President of Product, Technology & Operations at Spectrum Reach, the advertising sales business for Charter Communications, Inc. “The ability to target and measure multiscreen TV campaigns is vital for local advertisers; with Blockgraph OnDemand these capabilities will be expanded and become more accessible to a broader customer base.”

    “Self-serve platforms like Blockgraph OnDemand are important advancements for marketers – empowering agencies like PMG and our customers to confidently leverage their first-party data for converged TV campaigns with precision, control, and ease,” said Mike Treon, Head of CTV and Video at PMG. “By making it easier to match and activate data securely and transparently, Blockgraph OnDemand is removing barriers, so brands of all sizes can scale their CTV strategies in premium environments, directly and flexibly with media partners and their addressable user bases, which is critical for both operational ease and campaign success.”

    About Blockgraph
    Blockgraph is a leading privacy-centric identity and data collaboration platform designed to fuel the future of connected TV advertising. The world’s leading media, technology, and information services companies collaborate with trusted partners using Blockgraph’s privacy-focused platform to create and implement identity-based targeting and measurement solutions for multiscreen advertising. Blockgraph is owned by Charter Communications Inc., Comcast NBCUniversal, and Paramount. For more information, please visit Blockgraph at http://www.blockgraph.co.

    Contact:
    Alexandra Levy
    650-996-5758
    alex@siliconalley-media.com

    The MIL Network –

  • MIL-OSI: Cloudera Expands Industry-Leading Enterprise AI Ecosystem with New Partners

    Source: GlobeNewswire (MIL-OSI)

    New partners Anthropic, Google Cloud, and Snowflake join Cloudera’s AI Ecosystem at EVOLVE24 New York event

    Ecosystem of technology providers makes it easier, more economical, and safer for enterprises to maximize the value of AI initiatives

    SANTA CLARA, Calif. and NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Cloudera, a hybrid platform for data, analytics, and AI, today announced the expansion of its Enterprise AI Ecosystem during its annual data and AI conference, EVOLVE24 New York. This initiative brings together a diverse group of industry-leading AI providers to deliver comprehensive, end-to-end AI solutions for customers that help to maximize the value of AI.

    Large enterprises have special requirements for running AI applications at scale, including:

    • Demonstrating business value that justifies the total cost of ownership within a reasonable timeframe.
    • Adhering to strict security and privacy standards to protect sensitive data and maintain compliance.
    • Maintaining the flexibility to deploy a diverse range of models from a broad selection of vendors in the optimal environment for each use case – where the supporting data often resides.

    At last year’s EVOLVE conference, Cloudera launched the Enterprise AI Ecosystem, with these founding members:

    • NVIDIA who provides full-stack accelerated computing for the development and deployment of AI workloads both in private and public clouds. Cloudera’s recent announcement highlighted the expansion of its Cloudera’s AI Inference Service through the integration of NVIDIA NIM, part of the NVIDIA AI Enterprise software platform, a set of easy-to-use microservices designed for secure, reliable deployment of high-performance AI model inferencing across clouds, data centers and workstations.
    • Amazon Web Services (AWS) with Amazon Bedrock, which allows customers to build and scale generative AI applications with a single API.
    • Pinecone for its leading vector database, which underpins the most common technical AI use cases: Retrieval-Augmented Generation (RAG) and semantic search.

    Over the last year, the Enterprise AI Ecosystem has generated significant inbound interest and a steady flow of requests for Cloudera to build on its existing AI partners and establish new ones. Now Cloudera is proud to introduce its newest set of AI Ecosystem partners at EVOLVE24 New York. They are:

    • Google Cloud: Google Cloud’s Vertex AI Model Garden provides a centralized hub for discovering, customizing, and deploying a diverse range of models. This includes a selection of over 150 first-party, open, and third-party foundation models, including Google’s Gemini, Chirp, Imagen, and more. Google Cloud’s infrastructure also supports Cloudera’s DataHub platform, which serves as the data foundation for building AI applications.

      Additionally, for the first ecosystem collaboration, Cloudera released an Accelerator for Machine Learning Project (AMP) entitled “Summarization with Gemini from Vertex AI” to help customers quickly deploy a summarization use case that takes advantage of the cost effectiveness and performance of Gemini Pro Models accessed from the Vertex AI Model Garden via API.

    • Anthropic: Anthropic’s Claude large language models (LLMs) are ideal for code generation, vision analysis, data insight and text generation use cases. Anthropic’s family of Claude models will allow Cloudera users to balance performance and cost, while their commitment to AI safety research helps to ensure reliable, unbiased, and non-harmful outputs. Cloudera is releasing an AMP entitled “Image Analysis with Anthropic’s Claude LLM” that will significantly reduce the time to develop a production image analysis application. Cloudera is also making Claude its default foundational model for its Cloudera AI Coding Co-pilot.
    • Snowflake: Cloudera and Snowflake, the AI Data Cloud company, are building on their strategic collaboration, also announced at EVOLVE24, with Snowflake’s Arctic Embed models, which excel at SQL generation and offer strong cost-performance ratios. Snowflake’s Iceberg-enabled platform provides interoperability with Cloudera, facilitating the sharing of data to feed AI use cases. Cloudera is actively working on product integrations with Snowflake, which can be read about here.

    “We pioneered the Enterprise AI Ecosystem to cater to the complex and continually evolving enterprise-grade security, privacy, authorization, and LLM demands of major organizations; this involves a complete suite of solutions across accelerated compute, semantic querying, vector embeddings, multi-modal agents, RAG applications, fine-tuning, and frontier models,” stated Abhas Ricky, Chief Strategy Officer at Cloudera. “AI researchers and practitioners have since deployed 400+ cutting-edge AI accelerators (AMPs) and numerous agentic applications supporting high-value use cases such as voice of customer analysis, invoice reconciliation, and underwriting automation. Together we are delivering a fully integrated Enterprise AI platform, built on leading models and knowledge bases, to further production-ready high fidelity solutions delivered with experts by your side.”

    “OCBC has delivered dozens of Gen AI applications into production leveraging Cloudera AI and technologies from The Enterprise AI Ecosystem members,” said Adrien Chenailler, Head of Data Science and AI at OCBC Bank. “Our call center transcription application transcribes thousands of hours of calls daily and has led to a significant reduction in average call handling time. We have reduced the investment in research time of our Relationship Managers with GenAI. We’re delighted that Cloudera continues to expand their Enterprise AI Ecosystem because it delivers proven solution architectures that get us from prototype to production faster.”

    “Our partnership with Cloudera helps organizations extract hidden value in their enterprise data, including complex sources like images,” said Kate Jensen, Head of Growth and Revenue at Anthropic. “The new Image Analysis capability turns visual data from images, charts or graphics into actionable insights, while Claude as the default model for Cloudera AI Coding Assistant, and potential other use cases such as Text to SQL and NLP Co-pilots provides customers with a powerful AI assistant that boosts productivity and uncovers new opportunities in their data. Together, we’re transforming raw data into actionable intelligence, empowering businesses to make smarter decisions faster.”

    “We are thrilled to work with Cloudera to integrate Snowflake’s Arctic Embed models into Cloudera AI Inference powered by NVIDIA’s NIM,” said Baris Gultekin, Head of AI, Snowflake. “This collaboration will empower our joint customers to unlock the full potential of generative AI at scale, driving faster insights, enhanced decision-making, and transformative business outcomes. Together, Snowflake and Cloudera are pushing the boundaries of what’s possible with modern data platforms, providing businesses with the agility and intelligence they need to stay ahead in an increasingly AI-driven world.”

    Cloudera’s existing group of Enterprise AI Ecosystem partners, including NVIDIA and AWS, will also be in the spotlight at EVOLVE24 New York, happening today, October 10.

    Click here to learn more about how Cloudera and its partner ecosystem are making it easier, more economical, and safer for enterprises to maximize the value they get from AI.

    About Cloudera

    Cloudera is a hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what was impossible—today and in the future.

    To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

    Contact
    Jess Hohn-Cabana
    cloudera@v2comms.com

    The MIL Network –

  • MIL-OSI: American Rebel CEO and American Rebel to be Featured at NHRA FallNationals Pre-Stage Fan Fest October 10 in Waxahachie, Texas

    Source: GlobeNewswire (MIL-OSI)

    CEO Andy Ross to Headline Music Main Stage with American Rebel Light Beer Bus in Attendance

    Nashville, TN, Oct. 10, 2024 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), America’s Patriotic Brand and the creator of American Rebel Beer (http://www.americanrebelbeer.com), and branded safes, personal security and self-defense products and apparel, today announced the company will be featured at the National Hot Rod Association (“NHRA”) FallNationals Pre-Stage Fan Fest on October 10, 2024 taking place at Railyard Park in Waxahachie, Texas.

    Andy Ross, CEO of American Rebel, is the music headliner at the Pre-Stage Fan Fest, and the American Rebel Light Beer bus will be in attendance for guests. The free event, which begins with food trucks, live music, and activities for the whole family, takes place from 6-9 p.m. at Railyard Park (455 S. College St. Waxahachie, TX 75165). The company also provided American Rebel Light Beer at the previous night’s Champions Dinner.

    “Every year, the Pre-Stage Fan Fest gets bigger and bigger,” said Christie Meyer Johnson, Texas Motorplex co-owner. “We love having so many drivers spend time with the fans before the race starts. Last year, we added the JEGS Allstars participants, and now, we have one of the largest autograph sessions in all motorsports. This year, we have added Andy Ross to the main stage to rock out for all our fans in attendance.”

    The Pre-Stage Fan Fest (https://www.stampedeofspeed.com/event/thursday-jegs-all-stars) is an opportunity for drivers to spend time with the fans before the race starts, with one of the largest autograph sessions in all motorsports. More than 50 NHRA Mission Foods Drag Racing Series stars, including fan-favorites Justin Ashley, Ron Capps, Antron Brown, Texans Steve Torrence and Erica Enders, and Matt and Angie Smith. Reigning 2023 Texas FallNationals champions Matt Hagan, Erica Enders, and Gaige Herrera will be in attendance, as well as local drivers Buddy Hull and Kebin Kinsley.

    “We are thrilled to help kick off the FallNationals for the NHRA and its racing community with an evening of music, food and drinks,” said Andy Ross, Chief Executive Officer of American Rebel. “Our partnership with the NHRA continues to provide strategic opportunities to get our American Rebel Light Beer brand in front of the perfect patriotic fanbase.”

    The Texas NHRA FallNationals at the Texas Motorplex near Dallas is the 18th race on the NHRA Mission Foods Drag Racing Series’ 20-race schedule, and it is the fourth round in the six-race Countdown to the Championship. Tony Stewart Racing (TSR) drivers Tony Stewart (Top Fuel) and Matt Hagan (Funny Car) are both in the Countdown, with 2024 marking Stewart’s first appearance in the NHRA postseason and Hagan’s 13th.

    “To get a win in Texas for the fifth time would be huge. You just obviously want to keep doing well at tracks that treat you well and they (Texas Motorplex) do a really good job promoting the event. We (Leah Pruett and Hagan) have the Champions Dinner on Wednesday night, the Fan Fest on Thursday night that Andy Ross (American Rebel CEO) is going to be singing at. It’s just going to be a great weekend. We have multiple sponsors that will be there with Johnson’s Horsepowered Garage on the car and Andy Ross. It’s going to be a great thing and if we can pull down the fifth win at Texas Motorplex. I think it would be the icing on the cake.”

    About NHRA FallNationals

    The Countdown to the Championship blazes into Texas for the Stampede of Speed week, capped off with the Texas NHRA FallNationals. The Stampede of Speed is a ten-day festival of music, drag racing and amazing fan experiences leading up to the Texas NHRA FallNationals hosted at the historic Texas Motorplex, located just 35 minutes from Dallas and Fort Worth. For more information visit http://www.nhra.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Beer by its wholly-owned subsidiary American Rebel Beverages, LLC. The Company also designs and produces branded apparel and accessories. To learn more, visit http://www.americanrebel.com and http://www.americanrebelbeer.com. For investor information, visit http://www.americanrebel.com/investor-relations.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include continued increase in revenues, actual size of Best Brands, actual sales to be derived from Best Brands, implied or perceived benefits resulting from the Best Brands agreement, actual launch timing and availability of American Rebel Beer in additional markets, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contact:
    info@americanrebel.com

    James “Todd” Porter
    American Rebel Beverages, LLC
    tporter@americanrebelbeer.com

    Investor Relations:
    Brian Prenoveau
    MZ North America
    +1 (561) 489-5315
    AREB@mzgroup.us

    Attachment

    The MIL Network –

  • MIL-OSI: Avetta Recognized for 2024 New Product of the Year by Occupational Health & Safety

    Source: GlobeNewswire (MIL-OSI)

    LEHI, Utah and HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Avetta®, the leading provider of supply chain risk management (SCRM) software, has been named the winner of New Product of the Year in the AI category by Occupational Health & Safety for its innovative AskAva™ product. The prestigious award honors noteworthy product development achievements aimed at improving workplace safety.

    Launched earlier this year, AskAva is the industry’s first generative AI-powered risk assistant, accelerating contractor compliance and advancing contractor safety and sustainability.  It is more than just a risk management tool and is proven to reduce workplace incidents, injuries, and fatalities. As part of Avetta’s ongoing commitment to innovation, AskAva adds more capabilities to Avetta’s award-winning Connect platform, which enables global organizations to automate contractor risk management at scale while educating their supply chain vendors about safety best practices.

    “As more and more contractors enter the workforce, it is increasingly important for companies to ensure compliance and safety among all workers,” said Taylor Allis, CPO of Avetta. “AskAva is a one-of-a-kind solution that delivers personalized safety recommendations across the entire supply chain. We are honored to be recognized by Occupational Health & Safety for our efforts to enhance and augment workplace safety.”

    Global organizations can use AskAva to deploy risk assessments to contractors before conducting high-risk work, such as transporting hazardous materials, working around heavy equipment, or working at heights. AskAva’s AI capabilities enable suppliers and clients to quickly identify and add hazards and effective controls to a Job Hazard Analysis (JHA), reducing the time spent researching, reviewing, and documenting potential job hazards. Once on-site, workers enter their prompts, and AskAva generates suggestions on what types of risk practices can be used to avoid an incident.

    Details about the Occupational Health & Safety New Products of the Year Awards and the full list of 2024 winners are available here.

    To learn more about AskAva, visit our website.

    About Avetta

    The Avetta SaaS platform helps clients manage supply chain risk and their suppliers to become more qualified for jobs. For the hiring clients in our network, we offer the world’s largest supply chain risk management 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.

    Media Contact
    avetta@hoffman.com

    The MIL Network –

  • MIL-OSI: New Report Reveals: Customer Loyalty at Stake for Financial Institutions Due to Rise in Identity-Based Attacks

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — HYPR, the Identity Assurance Company, today released its spotlight report “When Trust is Hacked: Customer Identity Security in Finance.” This report sheds light on the persistent threat of credential misuse and authentication vulnerabilities plaguing the financial industry, drawing a direct correlation between the escalating cyber-threat landscape and the growing apprehension among today’s banking customers. The report’s findings underscore the devastating impact of identity-related cyberattacks on customer loyalty, revealing a staggering 80% of respondents would likely abandon their financial institution following a data breach.

    HYPR’s latest report draws on comprehensive insights from two surveys, encompassing both financial service organizations and their customers, with a total of 548 respondents. This robust data set provides a unique and multifaceted perspective on the current state of identity security in the financial sector – revealing that current technologies are simply failing. Alarmingly, within the past year alone, 86% of finance organizations have been targeted by identity-related cyberattacks, with 84% falling victim to identity fraud. Additionally:

    • Financial institutions suffered losses of up to $4.57 million in the last year alone, more than double the $2.19 million reported in 2022 – due to insecure authentication methods.
    • Over three-quarters (77%) faced at least one breach due to credential misuse or authentication weaknesses.
    • Organizations observed a multitude of attacks with phishing attacks leading in prevalence (42%), followed by credential stuffing (29%), identity impersonation (28%), and push notification attacks (27%).

    “The financial sector remains a prime target for cybercriminals, and identity processes remain a major weak point. Institutions must proactively adapt their defenses to outpace evolving threats, or risk eroding customer trust and facing significant financial losses. Inaction is not an option,” said Gehan Dabare, newly appointed HYPR Advisor and leader for IAM at companies such as JPMC, Citi, CVS Health. “Gone are the days of blind trust. Today’s consumers are informed and empowered, demanding transparency, cutting-edge technology, and the peace of mind that comes with knowing their finances are secure.”


    The High Stakes Impact on Customers
    Today’s banking customers are demanding more accountability from their financial institutions, rejecting the unquestioning loyalty of previous generations. The consequences are clear with an overwhelming 80% of customers prepared to switch banks following a data breach. This intolerance for security lapses is even more pronounced among younger customers, with 93% of those under 35 ready to close their accounts. In contrast, more than a quarter of customers aged 45 and older would remain loyal after a breach. These findings emphasize a clear shift in customer priorities across all age groups: security, company values, and technological innovation are now paramount when evaluating banking relationships. Of those surveyed:

    A mere 11% of respondents were aware of breaches affecting their banks, while 63% firmly believed their banks were unscathed, and the remaining quarter were uncertain. This highlights a critical gap in communication from financial institutions during breaches, raising concerns about the effectiveness of their disclosures. In terms of authentication protocols and technology, most respondents (95.5%) are aware of passkeys as an available login technology. Armed with this information, 77% of customers would actively favor a bank offering passkeys over one that doesn’t.

    Yet, despite the growing demand for heightened authentication measures, financial institutions are trailing in their offerings of safer methods. Nearly a quarter (22%) of respondents still repurpose passwords across financial accounts, while close to 90% rely on one-time passwords (SMS, email or voice) and 7% rely solely on a password. This demonstrates the need for modernization in the financial sector’s authentication practices, especially as customers become increasingly aware of and demand stronger security measures.

    “It’s a stark paradox: the financial sector invests heavily in cybersecurity yet remains a prime target. The question isn’t how these attacks happen, but why they persist,” states Bojan Simic, CEO and Co-founder of HYPR. “Our research exposes the dual nature of this challenge: the struggle to implement effective technology amidst rapidly evolving AI-driven threats, and the rising tide of customer expectations demanding both robust security and transparent communication. This is a defining moment for financial institutions to adapt or be left behind.”

    About HYPR
    HYPR, the leader in passwordless identity assurance, delivers the industry’s most comprehensive end-to-end identity security for your workforce and customers. By unifying phishing-resistant passwordless authentication, adaptive risk mitigation, and automated identity verification, HYPR ensures secure and seamless user experiences for everyone.

    Trusted by organizations worldwide, including two of the four largest US banks, leading manufacturers, and critical infrastructure companies, HYPR secures some of the most complex and demanding environments globally.

    Media:
    Fabienne Dawson
    fabienne@hypr.com
    917.374.6860

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/215d6253-f76f-4a3d-86cf-139896d58be2

    The MIL Network –

  • MIL-OSI: Cloudera Partners with Snowflake to Unleash Hybrid Data Management Integration Powered by Iceberg

    Source: GlobeNewswire (MIL-OSI)

    Unveiled at EVOLVE24, the unified platform will reduce total cost of ownership and provide a single source of truth for all enterprise data

    SANTA CLARA, Calif. and NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Cloudera, the only true hybrid platform for data, analytics, and AI, today announced an integration with Snowflake, the AI Data Cloud company, to bring enterprises an open, unified hybrid data lakehouse, powered by Apache Iceberg. Now, enterprises can leverage the combination of Cloudera and Snowflake—two best-of-breed tools for ingestion, processing, and consumption of data—for a single source of truth across all data, analytics, and AI workloads.

    Data is a business’s most powerful asset. It drives informed decision-making, provides a competitive advantage, and reveals opportunities for innovation. A 2022 study revealed that 80% of businesses report higher revenue due to real-time data analytics, and 98% report an increase in positive customer sentiment due to leveraging data. However, to fully harness the power of data, businesses need a single, unified source of truth for storing, managing, and governing all enterprise data, regardless of where it resides.

    Cloudera has extended its Open Data Lakehouse interoperability to Snowflake, allowing joint customers seamless access to Cloudera’s Data Lakehouse via its Apache Iceberg REST Catalog. Customers benefit from an optimized data platform powered by Apache Iceberg, which enables them to ingest, prepare, and process their data with best-in-class tools. Also, Snowflake users can now query data stored on Cloudera’s Ozone, an on-premises AWS S3-compatible object storage solution, directly from Snowflake. Customers now have access to all major form factors from one cohesive collaboration, on-premise, and as a platform-as-a-service (PaaS) and software-as-a-service (SaaS).

    In addition to enabling greater interoperability between the two systems, Cloudera customers will experience the ease of Snowflake’s Business Intelligence engine. The Snowflake engine can access data from Cloudera’s Open Data Lakehouse without requiring data duplication or transfer, reducing complexity, streamlining operations, and maintaining data integrity.

    Moreover, this collaboration leads to a reduction in the total cost of ownership of the integrated stack for enterprises. The elimination of data and metadata silos, rationalization of data pipelines, and streamlining of operational efforts are key factors in this cost reduction. These improvements help deliver analytics and AI use cases at scale more efficiently, further enhancing the value proposition for businesses leveraging both Cloudera and Snowflake. This strategic integration not only optimizes analytic workflows but also provides a robust framework for enterprises to drive innovation and gain competitive advantages in their respective markets.

    Additional benefits of this integration include:

    • Managed Iceberg Tables: Iceberg tables enhance data performance and reliability, allowing joint customers to unlock the full potential of their data through better organization, faster queries, and simplified data management, regardless of where the data is stored.
    • Best-of-Breed Engines: Joint customers benefit from top-tier engines to ingest, prepare, and manage their data, enabling seamless management of both artificial intelligence (AI) and business intelligence workloads.
    • Unified Security and Governance: This integration consolidates data security and governance across the entire data lifecycle. Joint customers can apply consistent security measures, track data origin and movement, and manage metadata within a single platform, on-premises or the cloud.

    “By extending our open data lakehouse capabilities through Apache Iceberg to Snowflake, we’re enabling our customers to not only optimize their data workflows but also unlock new opportunities for innovation, efficiency, and growth,” said Abhas Ricky, Chief Strategy Officer of Cloudera. “This will help customers simplify their data architecture, minimize data pipelines, and reduce total cost of ownership of their data estate while reducing security risks. Together, Snowflake and Cloudera are bringing about the next era of data-driven decision-making for every modern organization.”

    “Apache Iceberg is a leading choice for customers who want open standards for data, and Cloudera has been an integral part of the Iceberg project,” said Tarik Dwiek, Head of Technology Alliances at Snowflake. “Our partnership expands what’s possible for customers who choose to standardize on Iceberg tables. We are excited to break down silos and deliver a unified hybrid data cloud experience with multi-function analytics to all of our customers.”

    “Through this collaboration, customers gain access to a unified, robust data management platform that provides a single source of truth for all of their data, whether in the cloud or on-premises,” said Sanjeev Mohan, analyst at SanjMo. “This enables them to streamline and secure their data operations while efficiently analyzing and extracting insights across the entire data lifecycle – from ingestion to AI and analytics. It’s a strategic move from two industry giants to partner in a way that will deliver immediate value to businesses.”

    In addition, reaffirming our commitment to advancing Iceberg adoption, Cloudera is excited to announce the technical preview of Cloudera Lakehouse Optimizer. This new service autonomously optimizes your Iceberg tables, further reducing costs while significantly enhancing the performance of your Lakehouse. To learn more about this technical preview, click here.

    About Cloudera
    Cloudera is the only true hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what seemed impossible—today and in the future.

    To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

    Contact
    Jess Hohn-Cabana
    cloudera@v2comms.com

    The MIL Network –

  • MIL-OSI: Nasdaq Rises to 5th in RiskTech100 Global Ranking Following Launch of Financial Technology Division

    Source: GlobeNewswire (MIL-OSI)

    Announcement comes ahead of the first anniversary of Nasdaq’s acquisition of Adenza

    Nasdaq also wins two awards for its financial crime management and regulatory reporting technology

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today announced it has jumped to 5th place in Chartis’ annual RiskTech100® global ranking and has won two awards for its financial crime management and regulatory reporting technology. The news comes less than a year after Nasdaq’s acquisition of Adenza and the establishment of its Financial Technology division. Today, as a scaled platform partner Nasdaq draws on deep industry experience, technology leadership and cloud managed services to help 3,500+ banks, brokers, regulators, central banks, financial infrastructure operators, and buy-side firms solve their most complex operational challenges across risk, compliance, and trade management.

    Chartis’ annual RiskTech100® awards and ranking is widely regarded as the most comprehensive independent study of the world’s major players in risk and compliance technology. In 2023 Nasdaq ranked #18 while Adenza placed #10, with this year’s position reflecting the combined power of its technology offering.

    “This is a remarkable achievement less than one year into the integration,” said Tal Cohen, President of Nasdaq. “The financial services industry faces a series of challenges through increased regulatory scrutiny, ongoing market reforms, and ever more sophisticated financial crime, alongside accelerated technology innovation. Our customers consistently tell us that they value the opportunity to partner with brands that they trust, that are highly regulated themselves and can offer insight and expertise beyond the platforms they provide. We welcome the opportunity to support our clients at such a pivotal moment for the industry, and I’m proud to see our achievements recognized by Chartis.”

    Sid Dash, Chief Researcher at Chartis Research, added: “Nasdaq’s acquisitions, individually and collectively, provide comprehensive coverage of the transaction lifecycle, and are appropriately supported with a strong technology and service framework. Indeed, the breadth of its capabilities has moved it into the top five in the risk technology space.”

    A comprehensive portfolio of mission-critical technology

    Nasdaq’s Capital Markets Technology is deeply embedded into client workflows and serves as the backbone of the capital market operations it underpins, serving as one of the world’s largest market infrastructure technology providers to more than 130 financial market operators globally, including over half of the world’s largest exchanges. In addition, Nasdaq Calypso is a truly global front-to-back trade management, multi-asset class platform – spanning trading, clearing, risk management and post-trade processing – with particular strength in OTC products.

    Nasdaq’s Regulatory Technology solutions play a critical role in protecting trust and integrity across the global financial system, helping clients efficiently and effectively comply with an extensive range of regulatory requirements in an increasingly complex and rapidly evolving environment.

    Nasdaq AxiomSL is a comprehensive regulatory reporting and compliance platform, helping clients comply with requirements across 55 countries and 110 regulators. Nasdaq’s market and trade surveillance technology helps firms detect and prevent market abuse across an extensive network of regulators, exchanges, digital assets marketplaces and market participants. Its cloud-based anti-financial crime technology, Nasdaq Verafin, integrates, resolves, and enriches data from hundreds of data sources and thousands of institutions representing more than $9 trillion in collective assets, to help firms more effectively detect fraud and combat criminal activity.

    With Nasdaq’s technology used by 97% of global systematically important banks, half of the world’s top 25 stock exchanges, 35 central banks and regulatory authorities, it touches a significant portion of the global financial system daily.

    Nasdaq’s ranking also included an assessment of their Nasdaq Boardvantage® board management software, Nasdaq Metrio™ sustainability reporting platform, and Sustainable Lens™ ESG AI Research and Benchmarking solution. More details on the products and services can be found here.

    Nasdaq wins two awards for financial crime and regulatory reporting technology

    Alongside the RiskTech100 ranking, Chartis announced Nasdaq has won two industry awards for Managed Services: Financial Crime and Regulatory Reporting: Markets and Securities.

    The award for Managed Services: Financial Crime recognizes Nasdaq Verafin’s leadership in financial crime management, emphasizing its comprehensive suite of anti-money laundering and fraud detection solutions for a large client base. Its unified platform combines financial crime solutions into one service, with scalable architecture serving a broad range of banks.

    The Regulatory Reporting: Markets and Securities award highlights Nasdaq’s leadership in regulatory reporting through AxiomSL, noting its extensive multi-jurisdictional, multi-market reporting, and expertise in adapting to complex regulatory requirements.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at http://www.nasdaq.com.

    Nasdaq Media Contact: 
    Andrew Hughes 
    +44 (0)7443 100896 
    Andrew.Hughes@nasdaq.com  

    -NDAQG-

    Cautionary Note Regarding Forward-Looking Statements:  

    Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq’s Financial Technology solutions. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at http://www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.  

    The MIL Network –

  • MIL-OSI: Leading Analyst Firm Ranks Tenable #1 for Sixth Consecutive Year in Market Share for Device Vulnerability Management

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., Oct. 10, 2024 (GLOBE NEWSWIRE) — Tenable®, the exposure management company, today announced that it has been ranked first for 2023 worldwide market share for device vulnerability management in the IDC Worldwide Device Vulnerability Management Market Shares (doc #US51417424, July 2024) report. This is the sixth consecutive year Tenable has been ranked first for market share.

    According to the IDC market share report, Tenable is ranked first in global 2023 market share and revenue. Tenable credits its success to its strategic approach to risk management, which includes a suite of industry-leading exposure management solutions that expose and close security gaps, safeguarding business value, reputation and trust. The Tenable One Exposure Management Platform, the world’s only AI-powered exposure management platform, radically unifies security visibility, insight and action across the modern attack surface – IT, cloud, OT and IoT, web apps and identity systems.

    According to the IDC market share report, “The top 3 device vulnerability management vendors remained the same in 2023 as previous years, with Tenable once again being the top vendor.”

    The report highlighted Tenable’s use of generative AI, noting, “ExposureAI, available as part of the Tenable One platform, provides GenAI-based capabilities that include natural language search queries, attack path and asset exposure summaries, mitigation guidance suggestions, and a bot assistant to ask specific questions about attack path results.”

    Tenable’s latest innovations in the vulnerability management market – Vulnerability Intelligence and Exposure Response – were also highlighted in the report, stating, “Vulnerability Intelligence provides dynamic vulnerability information collected from multiple data sources and vetted by Tenable researchers, while Exposure Response enables security teams to create campaigns based on risk posture trends so remediation progress can be monitored internally.”

    The report also spotlighted the Tenable Assure Partner Program and MDR partnerships, noting, “Tenable has made more of a strategic effort to recruit managed security service providers (SPs) and improve the onboarding experience for them, as well as their customers. Managed detection and response (MDR) providers have been adding proactive exposure management because it helps shrink the customer attack surface, helping them provide better outcomes. Sophos and Coalfire are recently announced partners adding managed exposure management services to their MDR and pen testing services, respectively.”

    “At Tenable, we build products for a cloud-first, platform centric world, meeting customers’ evolving risk management needs,” said Shai Morag, chief product officer, Tenable. “We leverage cutting edge technology, innovating across our portfolio to help customers know, expose and close priority security gaps that put businesses at risk.”

    “The device vulnerability management market is characterized by a focus on broader exposure management, with a number of acquisitions to round out exposure management portfolios,” said Michelle Abraham, senior research director, Security and Trust at IDC. “Vendors are advised to enhance their offerings with additional security signals and automated remediation workflows to stay competitive in this evolving landscape.”

    To read an excerpt of the IDC market share report, visit https://www.tenable.com/analyst-research/idc-worldwide-device-vulnerability-management-market-share-report-2023

    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 more than 44,000 customers around the globe. Learn more at tenable.com.

    Media Contact:
    Tenable
    tenablepr@tenable.com

    The MIL Network –

  • MIL-OSI: DTE Energy schedules third quarter 2024 earnings release, conference call

    Source: GlobeNewswire (MIL-OSI)

    Detroit, Oct. 10, 2024 (GLOBE NEWSWIRE) — DTE Energy (NYSE:DTE) will announce its third quarter 2024 earnings before the market opens Thursday, October 24, 2024.

    The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET the same day.

    Investors, the news media and the public may listen to a live internet broadcast of the call at dteenergy.com/investors. The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The U.S. and international toll telephone dial-in number is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE Energy website at dteenergy.com/investors.

    About DTE Energy 

    DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/DTE_Energy and facebook.com/dteenergy. 

    For further information, analysts may call:
    Matt Krupinski, DTE Energy: 313.235.6649
    John Dermody, DTE Energy: 313.235.8750

    The MIL Network –

  • MIL-OSI: Sky Quarry to Begin Trading Publicly on NASDAQ

    Source: GlobeNewswire (MIL-OSI)

    WOODS CROSS, Utah, Oct. 10, 2024 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry,” “SQI,” or the “Company”), an oil production, refining, and development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils, announced that its common stock will begin trading on the NASDAQ Capital Market today, October 10, 2024, at approximately 11:00am EST under the ticker symbol “SKYQ”.

    On October 9, 2024, Sky Quarry announced it closed a Public Offering of $6,708,030 through the sale of 1,118,005 shares of its Common Stock priced at $6.00 per share.

    Digital Offering, LLC, acted as the lead managing selling agent. Clyde Snow & Sessions, PC acted as counsel to Sky Quarry and Bevilacqua PLLC acted as counsel for the managing selling agent.

    For more information and additional investor materials, please visit the Company’s investor relations website here.

    About Sky Quarry Inc.

    Sky Quarry Inc. and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit http://www.skyquarry.com.

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the offering statement filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    SKYQ@mzgroup.us
    http://www.mzgroup.us

    Company Website

    https://investor.skyquarry.com/

    The MIL Network –

  • MIL-OSI: YY Group Holdings Limited Successfully Regains NASDAQ Compliance

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 10, 2024 (GLOBE NEWSWIRE) — YY Group Holding Limited (NASDAQ: YYGH) (“YY Group”, “YYGH”, or the “Company”), is pleased to announce that the company has regained compliance with NASDAQ’s Minimum Bid Price Rule, maintaining a consistent stock price above $1.00 for more than 12 consecutive business days.

    This achievement marks a key milestone in YYGH’s continued growth and recovery, after experiencing a low of $0.71 two months ago. The stock has risen by over 70%, to reach a peak at $1.295, averaging at $1.20 for the past 2 weeks, representing a significant improvement over the past 60 days. This growth highlights the market’s renewed confidence in the Company’s vision and the strength of its business model.

    Investor Support Key to Recovery

    The Company attributes this success to the unwavering support of its investors. In a market characterized by volatility, YYGH’s ability to stabilize and grow its stock price would not have been possible without the trust and confidence of its shareholders. The Company’s leadership recognizes the importance of its investor relationships and is committed to delivering long-term value through strategic initiatives and operational excellence.

    Chief Executive Officer and Executive Director, Mike Fu, expressed his gratitude, stating: “We are incredibly grateful for the support of our investors during this crucial time. Their confidence in YY Group’s future has been a vital component of our ability to regain compliance with NASDAQ’s standards. As we look ahead, our commitment to innovation, excellence, and shareholder value remains stronger than ever.”

    Looking Ahead

    As part of its forward strategy, YYGH is dedicated to driving sustainable growth by leveraging technological advancements and exploring opportunities in new markets. The recent expansions into the UAE have resulted in positive outcomes with contracts signed with 5-star hotels such as Sofitel Al Hamra and DoubleTree by Hilton. Excitedly, the company has also expanded into the European market, with the United Kingdom as its first point of entry.

    About YY Holdings Limited:
    YY Group Holding Limited is a Singapore-based data and technology-driven company that specializes in creating enterprise intelligent labor matching services and smart cleaning solutions. Rooted in innovation and a commitment to user-centric experiences, YY Circle leverages app-based technology to optimize the labor sourcing market and the Internet of Things to revolutionize the cleaning industry.

    For more information on the Company, please log on to https://yygroupholding.com/.

    Investor Contact:
    Phua Zhi Yong, Chief Financial Officer
    YY Group
    Enquiries@yygroupholding.com

    The MIL Network –

  • MIL-OSI: Ormat Technologies Inc. Secures Land Parcels in Nevada’s BLM Auction to Advance Future Geothermal Development

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., Oct. 10, 2024 (GLOBE NEWSWIRE) — Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced it has successfully secured multiple land parcels in Nevada’s Annual Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat’s ongoing exploration and expansion efforts in the state, further strengthening the company’s commitment to advancing renewable energy solutions and meeting Nevada’s increasing demand for sustainable energy.

    The newly leased parcels hold substantial potential for geothermal energy production including a new greenfield prospect, an expansion opportunity for an existing operational asset, and several additional parcels that will enhance Ormat’s land position on an existing greenfield prospect.

    “We believe the parcels we successfully won have a high success rate that will support our growth in the U.S.,” said Doron Blachar, CEO of Ormat Technologies Inc. “Our team is dedicated to exploring and developing these resources to their fullest potential, providing reliable and eco-friendly energy to the people of Nevada.”

    By leveraging nearly 60 years of advanced technologies and industry expertise, Ormat is an industry leader in geothermal energy production and environmental stewardship.

    ABOUT ORMAT TECHNOLOGIES

    With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400 MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,420MW with a 1,230MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 190MW energy storage portfolio that is located in the U.S.

    ORMAT’S SAFE HARBOR STATEMENT

    Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words “may”, “will”, “could”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, or “contemplate” or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. These forward-looking statements generally relate to Ormat’s plans, objectives and expectations for future operations and are based upon its management’s current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives.  Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under “Risk Factors” as described in Ormat’s annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 23, 2024, and in Ormat’s subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC.

    These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Ormat Technologies Contact:
    Smadar Lavi
    VP Head of IR and ESG Planning & Reporting
    775-356-9029 (ext. 65726)
    slavi@ormat.com    		 Investor Relations Agency Contact:
    Alec Steinberg or Joseph Caminiti
    Alpha IR Group
    312-445-2870
    ORA@alpha-ir.com

    The MIL Network –

  • MIL-OSI: Cohen Circle Acquisition Corp. I Announces Pricing of $200,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    PHILADELPHIA, PA, Oct. 10, 2024 (GLOBE NEWSWIRE) — Cohen Circle Acquisition Corp. I (NASDAQ:CCIRU) (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The Company’s units will be listed on the Nasdaq Global Market under the symbol “CCIRU” and will begin trading on October 11, 2024. Each unit issued in the offering consists of one Class A ordinary share of the Company and one-third of one redeemable warrant, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NASDAQ under the symbols “CCIR” and “CCIRW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The closing of the offering is anticipated to take place on or about October 15, 2024, subject to customary closing conditions.

    Cantor Fitzgerald & Co. is serving as the sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any. 

    The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to identify companies in the financial services technology (fintech) sector and fintech adjacent sectors that power transformation and innovation. The Company is sponsored by Cohen Circle, LLC, and the management team is led by Betsy Z. Cohen, its Chairman of the Board of Directors, President and Chief Executive Officer.

    A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on October 10, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor, New York, New York 10022, email: prospectus@cantor.com. Copies of the registration statement can be accessed for free through the SEC’s website at http://www.sec.gov.

    This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. 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 registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

    Contact Information:

    Cohen Circle Acquisition Corp. I
     info@cohencircle.com

    The MIL Network –

  • MIL-OSI: Click Holdings Limited Announces Closing of Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, Oct. 10, 2024 (GLOBE NEWSWIRE) — Click Holdings Limited (“CLIK” or the “Company”), a Hong Kong-based human resources solutions provider primarily focusing on talent sourcing and the provision of temporary and permanent personnel to customers including accounting and professional firms, Hong Kong listed companies, nursing homes, individual patients, logistics companies and warehouses, today announced the closing of its previously announced initial public offering of an aggregate 1,400,000 Ordinary Shares (“the Offering”) at a price of $4.00 per share (“the Offering Price”) to the public, for a total gross proceeds of $5.6 million to the Company, before deducting underwriting discounts and offering expenses.

    The Ordinary Shares began trading on the Nasdaq Capital Market on October 9, 2024, under the symbol “CLIK.”

    R.F. Lafferty & Co., Inc. (“Lafferty”), a full-service broker/dealer, acted as the primary underwriter for the Offering. Revere Securities LLC (“Revere”), a full-service broker/dealer, acted as the co-manager for the Offering. Dorsey & Whitney LLP, David Fong & Co, Beijing Dacheng Law Offices, LLP (Shenzhen) and Ogier are acting as U.S., Hong Kong, PRC and BVI legal counsel to the Company, respectively. Wei, Wei & Co., LLP is acting as the independent accountants of the Company. VCL Law LLP is acting as the U.S. legal counsel to Lafferty and Revere for the Offering.

    The Offering is being conducted pursuant to the Company’s registration statement on Form F-1 (File No. 333-280522), as amended, which was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on September 30, 2024. The Offering is being made only by means of a prospectus, which forms part of the registration statement. Copies of the final prospectus related to the Offering may be obtained, when available, from R.F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005, by phone at +1 212 293 9090 or by email at offering@rflafferty.com; or Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY, 10022, by phone at +1 212 688 2350 or by email at contact@reversesecurities.com. A copy of the final prospectus relating to the Offering can be obtained via the SEC’s website at http://www.sec.gov.

    Before you invest, you should read the prospectus and other documents the Company has filed with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Click Holdings Limited
     Click Holdings Limited is a human resources solutions provider, specializing in offering comprehensive human resources solutions in three principal sectors, namely (i) professional solution services, (ii) nursing solution services, and (iii) logistics and other solution services. We are primarily focused on talent sourcing and the provision of temporary and permanent personnel to customers. Our primary market is in Hong Kong and our diverse clientele includes accounting and professional firms, Hong Kong listed companies, nursing homes, individual patients, logistics companies and warehouses. We specialize primarily in placing professional accountants and company secretaries, registered nurses and healthcare workers, as well as other blue-collar workers, for direct hire and contract staffing roles. For more information, please visit our website https://clickholdings.com.hk.

    FORWARD-LOOKING STATEMENTS
    Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Luda Technology Group Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

    For more information, please contact:

    offerings@rflafferty.com
    Equity Capital Markets
    R. F. Lafferty & Co., Inc.
    40 Wall Street, 27th Floor, 
    New York, NY 10005
    212.293.9090

    The MIL Network –

  • MIL-OSI: Pieridae to Hold Conference Call and Webcast to Discuss Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES

    CALGARY, Alberta, Oct. 10, 2024 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) will release its financial and operating results for the third quarter 2024, on Wednesday, November 6, 2024, after markets close.

    President & Chief Executive Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the financial results and company developments on an investor conference call and webcast on Thursday, November 7, 2024, at 8:30 a.m. MST / 10:30 a.m. EST.

    To register to participate via webcast please follow this link:

    https://edge.media-server.com/mmc/p/x7jqdags

    Alternatively, to register to participate by telephone please follow this link:

    https://register.vevent.com/register/BI1c44d36dab364545b0c536614eb099d8

    A replay of the webcast will be available two hours after the conclusion of the event and may be accessed using the webcast link above.

    ABOUT PIERIDAE

    Pieridae is a Canadian energy company headquartered in Calgary, Alberta. The Company is a significant upstream producer and midstream custom processor of natural gas, natural gas liquids, condensate, and sulphur from the Canadian Foothills and adjacent areas in Alberta and in northeast British Columbia. Pieridae’s vision is to provide responsible, affordable natural gas and derived products to meet society’s energy security needs. Pieridae’s Common Shares trade on the TSX under the symbol “PEA”.

    For further information, visit http://www.pieridaeenergy.com, or please contact:

    Darcy Reding, President and Chief Executive Officer
    Telephone: (403) 261-5900    		 Adam Gray, Chief Financial Officer
    Telephone: (403) 261-5900
       
    Investor Relations
    investors@pieridaeenergy.com    		  

    The MIL Network –

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 09.10.2024

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    9 October 2024 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 09.10.2024

    Espoo, Finland – On 9 October 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,278,616 4.04
    CEUX 800,000 4.04
    BATE – –
    AQEU – –
    TQEX – –
    Total 2,078,616 4.04

    * Rounded to two decimals

    On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program started on 20 March 2024. On 19 July 2024, Nokia decided to accelerate the share buybacks by increasing the number of shares to be repurchased during the year 2024. The post-increase repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 22 July 2024 and end by 31 December 2024 with a maximum aggregate purchase price of EUR 600 million for all purchases during 2024.

    Total cost of transactions executed on 9 October 2024 was EUR 8,397,193. After the disclosed transactions, Nokia Corporation holds 161,596,221 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 40 803 4080
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-OSI: Artisan Partners Asset Management Inc. Reports September 2024 Assets Under Management

    Source: GlobeNewswire (MIL-OSI)

    MILWAUKEE, Oct. 09, 2024 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) today reported that its preliminary assets under management (“AUM”) as of September 30, 2024 totaled $167.8 billion. Artisan Funds and Artisan Global Funds accounted for $81.0 billion of total firm AUM, while separate accounts and other AUM1 accounted for $86.8 billion.

    PRELIMINARY ASSETS UNDER MANAGEMENT BY STRATEGY2    
         
    As of September 30, 2024 – ($ Millions)    
    Growth Team    
    Global Opportunities $         22,005          
    Global Discovery           1,688          
    U.S. Mid-Cap Growth           12,792          
    U.S. Small-Cap Growth           3,177          
    Global Equity Team    
    Global Equity           360          
    Non-U.S. Growth           13,217          
    China Post-Venture           188          
    U.S. Value Team    
    Value Equity           4,931          
    U.S. Mid-Cap Value           2,863          
    Value Income           17          
    International Value Team    
    International Value           46,605          
    International Explorer           343          
    Global Value Team    
    Global Value           29,390          
    Select Equity           338          
    Sustainable Emerging Markets Team    
    Sustainable Emerging Markets           2,006          
    Credit Team    
    High Income           11,295          
    Credit Opportunities           254          
    Floating Rate           73          
    Developing World Team    
    Developing World           4,225          
    Antero Peak Group    
    Antero Peak           2,175          
    Antero Peak Hedge           228          
    International Small-Mid Team    
    Non-U.S. Small-Mid Growth           7,311          
    EMsights Capital Group    
    Global Unconstrained           655          
    Emerging Markets Debt Opportunities           1,024          
    Emerging Markets Local Opportunities           680          
         
    Total Firm Assets Under Management (“AUM”) $         167,840          

    1 Separate account and other AUM consists of the assets we manage in or through vehicles other than Artisan Funds or Artisan Global Funds. Separate account and other AUM includes assets we manage in traditional separate accounts, as well as assets we manage in Artisan-branded collective investment trusts, and in our own private funds.
    2 AUM for Artisan Sustainable Emerging Markets and U.S. Mid-Cap Growth Strategies includes $97.7 million in aggregate for which Artisan Partners provides investment models to managed account sponsors (reported on a lag not exceeding one quarter).


    ABOUT ARTISAN PARTNERS
    Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.

    Investor Relations Inquiries: 866.632.1770 or ir@artisanpartners.com
    Source: Artisan Partners Asset Management Inc.

    The MIL Network –

  • MIL-OSI: CBORD Achieves StateRAMP Authorization for Online Transaction Processing

    Source: GlobeNewswire (MIL-OSI)

    ITHACA, N.Y., Oct. 09, 2024 (GLOBE NEWSWIRE) — CBORD, a leading provider of integrated technology solutions powering access, foodservice, nutrition, commerce, and card systems for higher education, acute healthcare, senior living, and business campuses, is thrilled to announce its CBORD Online Transaction Processing solution has achieved StateRAMP Authorization, reaffirming its commitment to data security and compliance.

    StateRAMP, a nationally recognized risk authorization management program, provides a standardized approach to assessing cloud products. Achieving StateRAMP Authorization demonstrates CBORD’s dedication to meeting the highest security and compliance standards, ensuring the trust and confidence of government agencies and organizations.

    CBORD’s Online Transaction Processing, a cutting-edge solution designed to securely process and manage financial transactions across various platforms, has undergone a rigorous third-party assessment and review by the StateRAMP Program Management Office. This achievement reflects CBORD’s unwavering commitment to delivering a secure and reliable solution government agencies can rely on to safeguard their data and operations.

    Josh Elder, CBORD’s information security officer, expressed his excitement about achieving StateRAMP Authorization, saying, “At CBORD, we are committed to ensuring our solutions are secure, reliable, and compliant. Achieving StateRAMP Authorization enables us to demonstrate our commitment to meeting the rigorous cybersecurity requirements needed to serve state and local governments.”

    Government agencies and organizations can now confidently rely on CBORD’s StateRAMP Authorized CBORD Online Transaction Processing to streamline their operations, reduce risk, and enhance data security.

    For more information about CBORD Online Transaction Processing and CBORD’s StateRAMP Authorization, please visit https://stateramp.org/product-list/. You can also contact CBORD at marketing@cbord.com.

    About CBORD
    CBORD, a Roper Technologies company (Nasdaq: ROP), is a leading provider of food and nutrition management software, integrated security solutions, campus card and cashless systems, and commerce platforms for healthcare, senior living, higher education, and business campuses. With over 10,000 organizations using CBORD solutions globally, CBORD is committed to delivering innovative and comprehensive technology solutions that enhance the daily lives of patients, residents, students, staff and administrators.

    Contact:
    CBORD
    marketing@cbord.com
    http://www.cbord.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5aa2cf77-87a1-40af-a062-227480eea855

    The MIL Network –

  • MIL-OSI: Bel Fuse Schedules Third Quarter 2024 Financial Results Conference Call

    Source: GlobeNewswire (MIL-OSI)

    WEST ORANGE, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) — Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced plans to release preliminary financial results for the third quarter after market close on Wednesday, October 23, 2024. An earnings conference call has been scheduled as follows:

    When: Thursday, October 24, 2024 at 8:30 a.m. ET
    Dial in: 877.407.0784, or international: 201.689.8560
    Online: https://ir.belfuse.com/events-and-presentations
    How: Live over the internet – Simply log on to the web at the address above
    Replay: 844.512.2921, or international: 412.317.6671
    Conference ID:   13749258

    A replay will be available after 12:30 p.m. ET for 30 days following the call.

    About Bel
    Bel (http://www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, medical, transportation and broadcasting industries. Bel’s product groups include Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies), and Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components). The Company operates facilities around the world.

    Contacts:

    Bel Fuse Inc.

    Lynn Hutkin, VP Financial Reporting & Investor Relations
    ir@belf.com

    Three Part Advisors
    Jean Marie Young, Managing Director
    Steven Hooser, Partner
    jyoung@threepa.com
    shooser@threepa.com

    The MIL Network –

  • MIL-OSI: RCP Advisors Secondary and Co-investment Programs Ranked Among Top by PitchBook

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 09, 2024 (GLOBE NEWSWIRE) — P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced that its subsidiary, RCP Advisors (RCP), has been recognized by PitchBook in its 2023 Global Manager Performance Score League Tables, an annual ranking of asset manager funds to inform LP decision-making. RCP’s secondary family of funds (RCP SOF I-IV) ranked among the top ten secondary programs, while its co-investment program (RCPDirect I-IV) achieved the highest performance score in the co-investment category.

    “This recognition is a testament to the deep expertise and dedication of the RCP team,” said Luke Sarsfield, P10 Chairman and Chief Executive Officer. “RCP has a focused approach in the small buyout market that is well positioned to deliver continued exceptional results.”

    RCP Advisors specializes in private equity primary fund, secondary fund, and co-investment fund strategies, focusing on North American small buyout fund managers. The strong ranking by PitchBook underscores the firm’s consistent approach in providing investors access to the attractive small buyout space.

    “Our top-performing strategy is a result of our firm-wide commitment to the North American small buyout market,” said Jon Madorsky, Managing Partner and Co-Portfolio Manager of Secondary Funds at RCP. “Our laser focus gives us unique deal flow and diligence opportunities. We’re extremely proud of what we’ve achieved together at RCP.”

    Dave McCoy, Managing Partner and Co-Portfolio Manager of Co-investments at RCP added, “We are honored that our RCPDirect co-investment program has been recognized by PitchBook with a top performance score. Our team works hard to achieve these results, and I want to further thank our GPs and their portfolio management teams, without which our high-quality deal flow and operating performance would not be possible.”

    For more information about RCP, please visit https://www.rcpadvisors.com/.

    About P10
    P10 is a leading multi-asset class private markets solutions provider in the alternative asset management industry. P10’s mission is to provide its investors differentiated access to a broad set of investment solutions that address their diverse investment needs within private markets. As of June 30, 2024, P10 has a global investor base of more than 3,700 investors across 50 states, 60 countries, and six continents, which includes some of the world’s largest pension funds, endowments, foundations, corporate pensions, and financial institutions. Visit http://www.p10alts.com.

    About RCP
    Founded in 2001, RCP Advisors, a subsidiary of P10, Inc. (NYSE: PX), is a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, as well as customized solutions and research services. RCP believes it is one of the largest fund sponsors focused on this niche, with over $14.7 billion in committed capital* and 56 full-time professionals as of September 30, 2024.

    Past performance is not a guarantee of future results. There can be no assurance that a fund will achieve comparable results as any prior investments or prior investment funds of RCP. Source: PitchBook. The PitchBook Manager Performance Scores (the “Performance Scores”) are a third-party rating published by PitchBook, an independent third-party, on 9/20/24 (data as of most current date). The PitchBook Global Manager Performance Score League Tables (the “League Tables”) are a third-party rating published by PitchBook on 7/30/24 (data as of 12/31/23). The Performance Scores are a quantitative framework designed to assess the performance track record of a fund manager’s closed-end private market strategies, also known as fund families. The Performance Scores aggregate historical performance of each manager’s family of funds across vintage years and reflect the extent to which certain fund families outperformed or underperformed a benchmark, which is based on IRR across all fund vintages within the same fund strategy peer group (e.g., fund-of-funds, secondaries, co-investment, etc.). For the “co-investment – general” fund strategy, a total of 768 fund families across 1,479 funds were included in their evaluation. For the “Secondaries funds” fund strategy, a total of 60 fund families across 209 funds were included in their evaluation. To be included in the ranking, PitchBook required fund families to have at least two funds that are at least five years in age with a Z-score to qualify. Comparisons made by PitchBook are to fund sponsors with investment strategies, structures and investment terms and conditions that are different (in some cases, materially) than those of RCP. Additional information regarding the criteria and methodology underlying the Performance Scores are available here.

    Neither P10 nor RCP have not made any payment to PitchBook or any of its affiliates to be considered for this ranking or in connection with any other services. The Performance Scores should not be considered an endorsement of RCP or its funds by the authors or distributors of such rankings. The Performance Scores are developed on a proprietary basis exclusively by PitchBook. Neither P10 nor RCP have not independently verified the data used in PitchBook’s Performance Scores and makes no representations about the accuracy or completeness of such information or Performance Scores. This ranking is not to be construed as indicative of RCP’s future performance or the future performance of any investment vehicle managed by RCP. The Performance Scores should not be relied upon when making a decision to invest in any fund. *“Committed capital” primarily reflects the capital commitments associated with RCP’s SMAs, focused commingled funds, and advisory accounts advised by RCP since the firm’s inception in 2001 (including funds that have since been sold, dissolved, or wound down and certain historical advisory accounts for which RCP’s advisory contracts have expired). We include capital commitments in our calculation of committed capital if (a) we have full discretion over the investment decisions in an account or have responsibility or custody of assets or (b) we do not have full discretion to make investment decisions but play a role in advising the client on asset allocation, performing investment manager due diligence and recommending investments for the client’s portfolio and/or monitoring and reporting on their investments. For our discretionary SMAs and commingled funds, as well as for our non-discretionary advisory accounts for which RCP is responsible for advising on all investments within the client’s portfolio, committed capital is calculated based on aggregate capital commitments to such accounts. For non-discretionary accounts where RCP is responsible for advising only a portion of the client portfolio investments, committed capital is calculated as capital commitments by the client to those underlying investments which were made based on RCP’s recommendation or with respect to which RCP advises the client. Committed capital does not include (i) certain historical non-discretionary advisory accounts no longer under advisement by RCP, (ii) assets managed or advised by the Private Capital Unit or HB Units of RCP 2, (iii) capital commitments to funds managed or sponsored by RCP’s affiliated (but independently operated) management companies, and (iv) RCP’s ancillary products or services.

    Forward-Looking Statements
    Some of the statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “believe,” “estimate,” “continue,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management’s current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance, and business. The inclusion of any forward-looking information in this release should not be regarded as a representation that the future plans, estimates, or expectations contemplated will be achieved. Forward-looking statements reflect management’s current plans, estimates, and expectations, and are inherently uncertain. All forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors that may cause actual results to be materially different; global and domestic market and business conditions; successful execution of business and growth strategies and regulatory factors relevant to our business; changes in our tax status; our ability to maintain our fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; our ability to make acquisitions and successfully integrate the businesses we acquire; assumptions relating to our operations, financial results, financial condition, business prospects and growth strategy; and our ability to manage the effects of events outside of our control. The foregoing list of factors is not exhaustive. For more information regarding these risks and uncertainties as well as additional risks that we face, you should refer to the “Risk Factors” included in our annual report on Form 10-K for the year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (“SEC”) on March 13, 2024, and in our subsequent reports filed from time to time with the SEC. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.

    Ownership Limitations
    P10’s Certificate of Incorporation contains certain provisions for the protection of tax benefits relating to P10’s net operating losses. Such provisions generally void transfers of shares that would result in the creation of a new 4.99% shareholder or result in an existing 4.99% shareholder acquiring additional shares of P10, and it expires at the third anniversary of the IPO, October 2024.

    P10 Investor Contact:
    info@p10alts.com

    P10 Media Contact:
    Taylor Donahue
    pro-p10@prosek.com

    The MIL Network –

  • MIL-OSI: South Plains Financial, Inc. Announces Third Quarter 2024 Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    LUBBOCK, Texas, Oct. 09, 2024 (GLOBE NEWSWIRE) — South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its third quarter 2024 financial results will be released after market close on Wednesday, October 23, 2024. The Company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss the financial results.

    Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the Company’s website at https://www.spfi.bank/news-events/events.     

    A replay of the conference call will be available within two hours of the conclusion of the call and can be accessed through the News & Events tab of the Company’s website as well as by dialing 1-844-512-2921 (international callers please dial 1-412-317-6671). The pin to access the telephone replay is 13749147. The replay will be available until November 6, 2024.  

    About South Plains Financial, Inc.

    South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the Permian Basin, and College Station, Texas markets, and the Ruidoso, New Mexico market. South Plains provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with investment, trust, and mortgage services. Please visit https://www.spfi.bank for more information.

    Contact: Mikella Newsom, Chief Risk Officer and Secretary
      investors@city.bank
      (866) 771-3347
       

        Source: South Plains Financial, Inc.

    The MIL Network –

  • MIL-OSI: Employers Holdings, Inc. Appoints Michael Pedraja as its Next CFO

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., Oct. 09, 2024 (GLOBE NEWSWIRE) — Employers Holdings, Inc. (NYSE: EIG), a leading provider of workers’ compensation insurance, is pleased to announce that Michael Pedraja will join the company as Executive Vice President and Chief Financial Officer (Designate), effective February 3, 2025. He will assume the role of Executive Vice President and Chief Financial Officer effective on or about March 31, 2025.

    Mr. Pedraja succeeds outgoing Executive Vice President, Chief Financial Officer, Michael Paquette, who will retire in March 2025.

    Mr. Pedraja has more than 30-years of experience as a corporate financial services leader in various insurance-related roles.

    “With a proven track record in financial leadership and a deep understanding of the insurance industry, Michael will be instrumental in driving our strategic goals, optimizing our financial operations, and helping to shape the next phase of the Company’s transformation,” said Katherine Antonello, President and Chief Executive Officer of Employers Holdings, Inc.

    As Chief Financial Officer, Mr. Pedraja will serve as a member of Employers Holdings’ executive leadership team and will be charged with leading the financial and investor relations functions of the business.

    Most recently, he served as Group Chief Financial Officer for Ariel Re Services, a leading reinsurance underwriter. His professional career spans roles from Senior Vice President and Treasurer of The Allstate Corporation to insurance-focused Investment Banker at Aon Securities, Barclays and Credit Suisse. Mr. Pedraja received a bachelor’s degree in accounting from DePaul University.

    “The team has a done a wonderful job in solidifying EMPLOYERS as America’s small business insurance specialist,” said Mr. Pedraja. “It is an honor to partner with Kathy and the leadership team to further that position while profitably growing the business and driving shareholder value.”

    About EMPLOYERS

    Employers Holdings, Inc. (NYSE: EIG), is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services (collectively “EMPLOYERS®”) focused on small and mid-sized businesses engaged in low-to-medium hazard industries. EMPLOYERS leverages over a century of experience to deliver comprehensive coverage solutions that meet the unique needs of its customers. Drawing from its long history and extensive knowledge, EMPLOYERS empowers businesses by protecting their most valuable asset – their employees – through exceptional claims management, loss control, and risk management services, creating safer work environments.

    EMPLOYERS is also proud to offer Cerity®, which is focused on providing digital-first, direct-to-consumer workers’ compensation insurance solutions with fast, and affordable coverage options through a user-friendly online platform.

    EMPLOYERS operates throughout the United States, apart from four states that are served exclusively by their state funds. Insurance is offered through Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company, and Cerity Insurance Company, all rated A – (Excellent) by A.M. Best. Not all companies do business in all jurisdictions. EIG Services, Inc., and Cerity Services, Inc., are subsidiaries of Employers Holdings, Inc. EMPLOYERS® is a registered trademark of EIG Services, Inc., and Cerity® is a registered trademark of Cerity Services, Inc. For more information, please visit http://www.employers.com and http://www.cerity.com.

    Forward-Looking Statements

    In this press release, the Company and its management discuss and make statements based on currently available information regarding their intentions, beliefs, current expectations, and projections of, among other things, the Company’s future performance, economic or market conditions, including current levels of inflation, changes in interest rates, labor market expectations, catastrophic events or geo-political conditions, legislative or regulatory actions or court decisions, business growth, retention rates, loss costs, claim trends and the impact of key business initiatives, future technologies and planned investments. Certain of these statements may constitute “forward-looking” statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and are often identified by words such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “target,” “project,” “intend,” “believe,” “estimate,” “predict,” “potential,” “pro forma,” “seek,” “likely,” or “continue,” or other comparable terminology and their negatives. The Company and its management caution investors that such forward-looking statements are not guarantees of future performance. Risks and uncertainties are inherent in the Company’s future performance. Factors that could cause the Company’s actual results to differ materially from those indicated by such forward-looking statements include, among other things, those discussed or identified from time to time in the Company’s public filings with the Securities and Exchange Commission (SEC), including the risks detailed in the Company’s Quarterly Reports on Form 10-Q and the Company’s Annual Reports on Form 10-K. Except as required by applicable securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

    Media Contact:

    Kimberly Eye
    Vice President, Marketing & Communications
    keye@employers.com

    Investor Relations Contact:
    Michael Paquette
    Executive Vice President, Chief Financial Officer
    mpaquette@employers.com

    The MIL Network –

  • MIL-OSI: APA Corporation Provides Third-Quarter 2024 Supplemental Information and Schedules Results Conference Call for November 7 at 10 a.m. Central Time

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 09, 2024 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain third-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third-quarter 2024. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors that will affect third-quarter 2024 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subject to finalization of the financial reporting process for third-quarter 2024.

    Estimated Average Realized Prices – 3Q24
      Oil (bbl) NGL (bbl) Natural Gas (Mcf)
    United States $76.25 $20.75 $0.15
    International $80.00 $45.75 $3.30
    Egypt tax barrels: 35 MBoe/d
    Realized gain on commodity derivatives (before tax): $3 million
    Dry hole costs (before tax): $10-$15 million
    Net gain on oil and gas purchases and sales (before tax):
    Includes gain on natural gas purchased and sold to Cheniere.    		 $178 million
    General and Administrative Expense: $100 million

    Production update

    APA curtailed approximately 103 MMcf/d of U.S. natural gas production in the third quarter in response to weak or negative Waha hub prices. APA also curtailed an estimated 10,000 barrels per day of natural gas liquids during the quarter, which were mostly associated with the voluntary gas curtailments. Previous third quarter guidance issued in July contemplated curtailments of ~90 MMcf/d of natural gas and ~7,500 barrels per day of NGLs.

    Asset sales update

    In September, APA announced an agreement to divest non-core assets in the Permian Basin for $950 million, prior to customary closing adjustments. At the time of the announcement, these properties had an estimated net production of ~21 MBOE/D (57% oil). Fourth-quarter guidance issued with the divestiture announcement removed production from the pending divestiture for the entirety of the fourth quarter, though the transaction is not expected to close until later in the fourth quarter.

    Weighted-average shares outstanding

    The estimated weighted-average basic common shares for the third quarter is 370 million, compared with a weighted average of 371 million shares in the second-quarter 2024. APA repurchased 0.1 million shares at an average price of $29.32 per share during the third quarter.

    Third-quarter 2024 earnings call

    APA will host a conference call to discuss its third-quarter 2024 results at 10 a.m. Central time, Thursday, November 7. The conference call will be webcast from APA’s website at http://www.apacorp.com and investor.apacorp.com. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website.

    About APA

    APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, http://www.apacorp.com.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “goals,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See “Risk Factors” in APA’s Form 10-K for the year ended December 31, 2023, and in our quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. APA and its subsidiaries undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.

    Contacts

    Investor: (281) 302-2286 Gary Clark
    Media: (713) 296-7276 Alexandra Franceschi
    Website: http://www.apacorp.com  

    APA-F

    The MIL Network –

  • MIL-OSI: Urgently Earns AutoTech Breakthrough Award for ‘Overall Transportation Tech of the Year’

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) — Urgent.ly, Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced it has earned the “Overall Transportation Tech of the Year” award in the 2024 AutoTech Breakthrough Awards, conducted by AutoTech Breakthrough, a leading market intelligence organization that recognizes the standout companies, products and services in the global automotive and transportation technology markets today. This year’s program attracted thousands of nominations from over 15 different countries throughout the world.

    Urgently was recognized for its next-generation yield-based pricing technology, which was introduced earlier this year. This AI-driven dynamic pricing technology makes it possible to reliably predict and optimize job prices for roadside assistance services, leading to higher-quality customer experiences. Real-time yield-based pricing allows Urgently to better manage surges in roadside assistance demand, similar to surge pricing used by ride-hail services.

    Insights and predictive pricing generated by this technology empower Urgently’s customer partners to build roadside assistance programs that best fit their business goals, such as:

    • Maximizing performance while maintaining a stable cost structure
    • Balancing performance and cost by market
    • Increasing performance by market or job attribute, such as a premium/VIP program

    “This award is the result of our hard-working data and engineering teams who developed our yield-based pricing technology, and who continually look for ways to apply technology to advance the roadside experience,” said Matt Booth, Chief Executive Officer, Urgently. “We’re thrilled to be featured alongside other automotive technology leaders and to be recognized for our innovative work in this industry.”

    For more information about Urgently’s roadside and mobility assistance solutions, visit https://www.geturgently.com/industry-solutions.

    More information about the AutoTech Breakthrough Awards is available at https://autotechbreakthrough.com/.

    About Urgently

    Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit http://www.geturgently.com.

    Forward Looking Statements

    This press release contains or may contain “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or Urgently’s future financial or operating performance. Such statements are based upon current plans, estimates and expectations of management of Urgently in light of historical results and trends, current conditions and potential future developments, and are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Forward-looking terms such as “may,” “will,” “could,” “should,” “would,” “plan,” “potential,” “intend,” “anticipate,” “project,” “predict,” “target,” “believe,” “continue,” “estimate” or “expect” or the negative of these words or other words, terms and phrases of similar nature are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. All statements, other than historical facts, including, without limitation, statements regarding Urgently’s yield-based pricing technology. These statements are based on the current assumptions of Urgently’s management and are neither promises nor guarantees, but involve a significant number of factors that may cause our actual performance or achievements to be materially different from any future performance or achievements stated or implied by the forward-looking statements. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties detailed in our filings with the Securities and Exchange Commission (“SEC”), including in our annual report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on March 29, 202, our quarterly reports on Form 10-Q, including our quarterly report on Form 10-Q for the quarter ended June 30, 2024, which was filed with the SEC on August 13, 2024, and other filings and reports that we may file from time to time with the SEC. All forward-looking statements reflect Urgently’s beliefs and assumptions only as of the date of this press release. Urgently undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

    Contacts:
    For Press: media@geturgently.com
    For Investors: investorrelations@geturgently.com

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