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Category: GlobeNewswire

  • MIL-OSI: Federal Home Loan Bank of Atlanta Pledges Support For Hurricane Helene Relief and Recovery

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Oct. 09, 2024 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is supporting recovery and relief efforts for those affected by Hurricane Helene, donating $250,000 to the American Red Cross and making up to $2 million available through its Community Rebuild and Restore Product to assist with the rehabilitation of homes damaged by the storm.

    “Across the Southeast, many of the communities that our members serve have been severely impacted by Hurricane Helene and devastating floods,” said Kirk Malmberg, president and CEO of FHLBank Atlanta. “These funds will provide critical support for both immediate relief and rebuilding efforts, helping to ease the burden on local communities.”

    FHLBank Atlanta offers the Community Rebuild and Restore Product through its Affordable Housing Homeownership Set-aside Program in partnership with its member financial institutions, providing up to $10,000 to impacted homeowners for the rehabilitation of homes in “major disaster” areas, as designated by the Federal Emergency Management Agency (FEMA). Funding is available on a first-come, first-served basis for eligible homeowners.

    “Our mission is to promote housing opportunity and homeownership, and there is never a more important time to take action than when a natural disaster damages the places people call home,” Malmberg said. “With these contributions we join many others in supporting recovery initiatives and helping our communities as they rebuild.”

    About the Federal Home Loan Bank of Atlanta
    FHLBank Atlanta is a member-owned cooperative that offers competitively-priced financing, community development grants, and other banking services to assist its member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households.

    For more information, visit our website at http://www.fhlbatl.com.

    CONTACT:
    Sheryl Touchton
    Federal Home Loan Bank of Atlanta
    stouchton@fhlbatl.com
    404.888.8105

    The MIL Network –

  • MIL-OSI: Banzai Announces Strategic Business Initiatives to Improve Net Income by up to $13.5 Million Annually

    Source: GlobeNewswire (MIL-OSI)

    Plan Substantially Extends Cash Runway while Maintaining Growth Plan with
    Continued Investment in Software Platform and Marketing

    SEATTLE, Oct. 09, 2024 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced a comprehensive initiative designed to significantly improve its Net Income while maintaining its growth outlook. The Company plans to accomplish this through a reduction of its annual operational expenses by up to $9.9 million by March 31, 2025, along with a reduction in other expenses by up to $3.6 million.

    Overall improvement in Net Income is expected to be approximately $13.5 million annually when fully implemented.

    The strategic initiative includes a broad range of measures including strategic workforce adjustments, operational consolidation, and various other cost-saving actions. These measures are aimed at increasing efficiency and improving scalability while continuing to build Banzai’s leadership position in the marketing technology industry. Specifically, Banzai expects to:

    Implement Workforce Adjustments

    Banzai has undertaken a strategic adjustment to reduce its staffing and independent contractor expenses by 27%, which will preserve the company’s agility and innovation capacity. Affected employees will be supported with comprehensive severance packages and resources for career transition. The Company anticipates that the total cost to implement this plan will be $0.1 million.

    Reduce Interest Expense

    Banzai has restructured its long-term debt with Columbia Pacific Advisors (“CP BF”) such that the long-term debt maturity is extended until February 19, 2027 from February 19, 2025, and 100% of interest expense is now Payable-in-Kind (“PIK”) instead of payable in cash. This substantially reduces the Company’s cash expenses. If fully converted to equity under the restructured note, the entire $1.9m annual expense would be eliminated.

    Realize Vendor Cost-Savings

    Banzai has begun implementing, and will continue to implement, a series of additional measures to further reduce expenses. These will include curtailing discretionary spending, cost-reduction measures for certain legal and accounting expenses, reduction of real-estate expenses, and leveraging automation and digital technologies to enhance operational efficiency.

    “Alongside the $5m private placement transaction and debt restructuring transactions the company has executed in the last two weeks, we believe that implementing this strategic initiative, if fully achieved, will enable us to substantially extend our cash runway and invest in growth,” said Joe Davy, CEO of Banzai. “We are dedicated to managing costs efficiently while still advancing innovative products and maintaining the exceptional service our customers rely on, all without sacrificing growth. We will continue to invest in our software platform, sales and marketing and product development. We are confident that this strategic realignment will strengthen our competitive position and contribute to our long-term success.”

    About Banzai

    Banzai is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. On a mission to help their customers achieve their mission, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Square, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at http://www.banzai.io. For investors, please visit https://ir.banzai.io.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

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

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

    The MIL Network –

  • MIL-OSI: SCOR announces the filing of a tender offer for the entire share capital of MRM

    Source: GlobeNewswire (MIL-OSI)

    Press release
    October 9, 2024 – N° 14

    SCOR announces the filing of a tender offer
    for the entire share capital of MRM

    To read this information in full, please confirm that you have read and understood the disclaimer on SCOR’s website here.

    *

    *        *

    SCOR, a leading global reinsurer

    As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society.

    The Group generated premiums of EUR 19.4 billion in 2023 and serves clients in around 160 countries from its 35 offices worldwide.

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

    		 Media Relations
    Alexandre Garcia
    media@scor.com

    Investor Relations
    Thomas Fossard
    tfossard@scor.com

    Follow us on LinkedIn
     

    All content published by the SCOR group since January 1, 2024, is certified with Wiztrust. You can check the authenticity of this content at wiztrust.com.

    Attachment

    The MIL Network –

  • MIL-OSI: Click Holdings Limited Announces Pricing of $5.6 Million Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, Oct. 09, 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 pricing of its firm commitment initial public offering of an aggregate 1,400,000 Ordinary Shares (the “Offering”). The Offering is priced at $4.00 per share (the “Offering Price”) for gross proceeds of $5.6 million to the Company, before deducting underwriting discounts and offering expenses.

    The Company has granted the underwriters an option, exercisable for 45 days from the closing of this Offering, to purchase up to an additional 210,000 Ordinary Shares at the Offering Price, representing 15% of the Ordinary Shares sold in the Offering (the “Over-allotment”).

    The Ordinary Shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol “CLIK” on October 9, 2024. The Offering is expected to close on or about October 10, 2024, subject to the satisfaction of customary closing conditions.

    R.F. Lafferty & Co., Inc. (“Lafferty”), a full-service broker/dealer, is acting as the primary underwriter for the Offering. Revere Securities LLC (“Revere”), a full-service broker/dealer, is acting 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 counsels 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, forming part of the registration statement. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. 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 offerings@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@reveresecurities.com. In addition, a copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC’s website at http://www.sec.gov.

    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 any of the Company’s 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 other 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 http://www.clicksc.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 Click Holdings 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: SIMPPLE Ltd. Announces New Contracts and Partnerships in Australia and New Zealand

    Source: GlobeNewswire (MIL-OSI)

    Singapore, Oct. 09, 2024 (GLOBE NEWSWIRE) — SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management (FM) sector, today announced the closing of multiple contracts and strategic partnerships in Australia and New Zealand (ANZ). The contracts included agreements to provide:

    • an end-to-end integrated cleaning services and compliance solution incorporating workforce management, IoT sensors and robotics, at two international and one regional Australian airport, to the aviation services arm of a global Danish outsourcing company with annual revenue of over $11 billion;
    • a cleaning services and compliance solution, at five campuses of an Australian university, to the education services arm of that same Danish company;
    • a cleaning services and compliance solution, at a food manufacturing plant in Sydney, to the manufacturing services division of a global UK-headquartered facilities management services company with annual revenue of over $2 billion; and
    • a cleaning services and compliance solution, at a major retail centre in Sydney, for another division of that same UK-headquartered company.

    Aggregate revenue from these four contracts is projected at approximately $2.35 million.

    SIMPPLE’s recently completed strategic partnerships include five collaborations aimed at distributing SIMPPLE Robotics and software capabilities and building a service delivery, maintenance and support network across ANZ. These new partners include:

    • a provider of robotic solutions and services to the hospitality, retail and healthcare industries in Australia;
    • a Sydney-headquartered supplier of autonomous security robots and other technology solutions to major corporate and government customers in Australia;
    • a Sydney-headquartered retailer and wholesaler of cleaning equipment and supplies;
    • a Brisbane-headquartered supplier of cleaning, catering, hospitality, health and hygiene supplies to businesses in Australia; and
    • a supplier of A.I. robotic solutions in New Zealand.

    Spearheading the closing of these contracts and partnerships was the new leadership team at the recently established SIMPPLE Australia Pty Ltd subsidiary in Brisbane. This team includes Aloysius Chong, SIMPPLE’s former CEO relocated in February 2023 to Australia to serve as SIMPPLE Australia Pty Ltd’s Director of Brand and Product Strategy; James Yatras, appointed in February 2023 as SIMPPLE’s Head of Australia and New Zealand; and Greg Crisp, appointed in June 2024 as the Company’s Regional Sales Director for Australia and New Zealand.

    “These contracts and partnerships mark a significant step in our strategic expansion into the lucrative Australia and New Zealand markets,” said SIMPPLE Ltd CEO Norman Schroeder. “These agreements also highlight our Company’s capability to venture into a wide range of new sectors covering aviation, education, healthcare, and manufacturing – a significant expansion from our existing retail, institutions, and commercial office sectors.”

    The new agreements, he said, also stem from the unique position, held by SIMPPLE Australia Pty Ltd and its ANZ partners, of being that region’s only supplier of end-to-end facilities management solutions able to integrate software, robotics, ESG auditing and reporting, IoT sensors and other diverse data collection technologies into a single platform.

    This platform, he added, is built modular to accommodate small businesses, yet can be scaled up and/or down to meet the variable requirements of large enterprise-wide organizations.

    “Going forward,” said the CEO, “we believe the ANZ region offers SIMPPLE major growth potential. I am confident that our Australia Pty Ltd team is expertly positioned to drive this growth by providing targeted best of breed solutions to facility owners, operators, and service providers in this market.”

    Mr. Schroeder underscored the Company’s potential in the ANZ market by referencing SIMPPLE Australia Pty Ltd’s announcement, on September 12, that its new range of AI spot cleaning robots had received the Excellence Award (Innovation) for Large Equipment at the International Sanitary Supply Association (ISSA) Cleaning & Hygiene Expo in Sydney.

    According to recent data from Expert Market Research, the Australia facility management market was valued at $37.37 billion in 2023 and is projected to grow at a CAGR of 4.5% to reach a value of $56.93 billion by 2032. This growth, said the study, is expected to be driven by rising numbers of infrastructure development projects, increased focus on sustainability and cost optimization, and the growing need for outsourcing of technology integration services within facilities.

    A Mordor Intelligence report projected that the facilities management markets in Australia and New Zealand are expected to grow at a CAGR of 8.1% and 2.5%, respectively, from 2024 through 2029. Growth in Australia, said Mordor, is expected to be fuelled by multiple industries adopting integrated FM services models that can meet all core customer needs on a large scale, and by those FM models incorporating newer technologies allowing for intelligent buildings and work environments. Future New Zealand FM sector growth, said the report, will be spurred by increasing end-user awareness of the need for energy conservation and developed building infrastructure.

    “The possibilities for SIMPPLE in ANZ are plentiful,” concluded Mr. Schroeder. “We look forward to announcing further progress for this region in the near future.”

    About SIMPPLE LTD.

    Headquartered in Singapore, SIMPPLE LTD. is an advanced technology solution provider in the emerging PropTech space, focused on helping facilities owners and managers manage facilities autonomously. Founded in 2016, the Company has a strong foothold in the Singapore facilities management market, serving over 60 clients in both the public and private sectors and extending out of Singapore into Australia and the Middle East. The Company has developed its proprietary SIMPPLE Ecosystem, to create an automated workforce management tool for building maintenance, surveillance and cleaning comprised of a mix of software and hardware solutions such as robotics (both cleaning and security) and Internet-of-Things (“IoT”) devices. 

    For more information on SIMPPLE, please visit: https://www.simpple.ai

    Safe Harbor Statement

    This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

    Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

    For investor and media queries, please contact:
    SIMPPLE LTD.
    Investor Relations Department
    Email: ir@simpple.ai

    Visit the Investor Relation Website: https://www.investor.simpple.ai/

    Skyline Corporate Communications Group, LLC
    Scott Powell, President
    1177 Avenue of the Americas, 5th Floor
    New York, NY 10036
    Tel: (646) 893-5835
    Email: info@skylineccg.com  

    The MIL Network –

  • MIL-OSI: Delaware State Dental Society Endorses Five iCoreConnect Products

    Source: GlobeNewswire (MIL-OSI)

    OCOEE, Fla., Oct. 09, 2024 (GLOBE NEWSWIRE) — iCoreConnect Inc. (NASDAQ: ICCT) (“iCore” or the “Company”), a leading provider of cloud-based software and technology solutions, announced a new endorsement agreement with the Delaware State Dental Society (DSDS). This partnership marks another milestone in iCoreConnect’s continued growth among state dental associations nationwide.

    With this endorsement, DSDS joins numerous other state dental associations that have recognized the value of iCoreConnect’s innovative solutions. iCoreConnect now holds over 180 product endorsement agreements across various states, solidifying its reputation as a trusted partner in the dental industry.

    Robert McDermott, CEO of iCoreConnect, commented, “DSDS, along with other state dental associations, plays a crucial role in advocacy, education, practice management, and public health initiatives. This endorsement highlights DSDS’s commitment to advancing the dental profession and enhancing patient care in Delaware.”

    The endorsed iCoreConnect products include:

    Dr. Tom Howley, Executive Director of DSDS, shared his enthusiasm for the collaboration, stating, “We are excited to announce this endorsement. iCoreConnect’s cutting-edge solutions enhance the productivity and efficiency of our members. Their proven success with state associations nationwide makes us eager to welcome them to Delaware.”

    iCoreConnect’s involvement in continuing education, networking, and practice management support positions it as a valuable partner for state dental associations. With its growing number of endorsements, the company now serves approximately 155,000 dental professionals across the U.S., using these endorsements as key tools for product distribution and lead generation.

    For more information about iCoreConnect or to schedule a demo, visit iCoreConnect.com.

    About iCoreConnect

    iCoreConnect Inc. is a market leader in cloud-based software and technology solutions designed to improve workflow productivity and profitability in the enterprise, healthcare and dental sectors. Through its innovative platform of applications and services, iCoreConnect helps organizations optimize their operations and achieve better business outcomes.

    About the Delaware State Dental Society

    The Delaware State Dental Society (DSDS) represents 80% of Delaware’s licensed dentists. The mission of DSDS is to advocate for the highest continuing education for member dentists as well as community engagement across the state of Delaware through coordinated volunteer programs.

    Forward-Looking Statements

    Some of the statements in this release are 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, which involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately’ or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

    Investor Contacts:
    IR@icoreconnect.com
    888.810.7706, ext 5

    The MIL Network –

  • MIL-OSI: Form 8.3 – [ECKOH PLC – 08 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    		 08 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: 21,018,836 7.2337    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 21,018,836 7.2337    

    NOTE: 26,785 shares were transferred in by a discretionary client on 08/10/2024.

    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 23,435 40.26p

    (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: 09 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: StepStone Private Wealth Surpasses $5 Billion in AUM Milestone

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) — StepStone Private Wealth (“SPW”) today announced it has surpassed $5 billion in global assets under management, making it one of the fastest growing private market asset managers serving financial professionals and their high net worth clients.

    Powered by StepStone Group, one of the largest global institutional allocators to the private markets, SPW was founded in 2019 to expand access to these assets for the private wealth market.

    “In 2019, the mission of our founding team was to design a platform where financial professionals could more easily access private markets, reducing the friction and burden of investing in these opportunities,” said Bob Long, CEO of StepStone Private Wealth. “Reaching $5 billion in AUM in five years demonstrates that advisors are eager to allocate client assets to portfolios curated by an organization as globally respected as StepStone – comprised of world-class expertise and top talent across investing, operations, data & analytics, legal, marketing and distribution. We expect that our team, with their focus on bringing convenience, transparency and efficiency to private markets investing for our clients and prospective clients, will be central to our success as we continue our global expansion.”

    SPW launched its first registered closed-end evergreen fund – the StepStone Private Markets Fund or SPRIM, ticker: XPMIX – in 2020, allowing accredited investors to gain exposure to private equity, real assets, and private debt through one convenient vehicle. SPRIM transitioned to daily admittance and daily valuation in 2023, among the first in the industry to introduce a daily NAV for a multi asset-class private markets fund. As of September 30, 2024 the fund now stands at $3.1 billion of AUM and has produced an annualized return of 23.08% since inception.

    The firm has since expanded its investment offerings to include venture capital and growth equity through the StepStone Private Venture and Growth Fund, or SPRING; infrastructure through the StepStone Private Infrastructure Fund or STRUCTURE, ticker: STRUX; and private credit through the StepStone Private Credit Income Fund or CRDEX, ticker: CRDEX. SPW offers offshore options for each of its funds for investors outside the US.

    “We are grateful for the support of our distribution partners across the registered investment advisor, independent broker dealer, wire house, and international channels,” said Neil Menard, Partner & President of Distribution at StepStone Private Wealth. “Through their collaboration, we have been able to reach tens of thousands of new investors who have been seeking private markets solutions like ours. We look forward to working in partnership with more firms and their advisors across the globe to advance their ability to provide clients with institutional-caliber allocations to private markets portfolios.”

    About StepStone

    StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of June 30, 2024, StepStone was responsible for approximately $701 billion of total capital, including $170 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

    Contacts

    Shareholder Relations:
    Seth Weiss
    shareholders@stepstonegroup.com
    +1 (212) 351-6106

    Media:
    Brian Ruby / Chris Gillick / Matt Lettiero, ICR
    StepStonePR@icrinc.com
    +1 (203) 682-8268

    IMPORTANT INFORMATION

    Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the SPRIM, SPRING, STRUCTURE, and CREDX prospectus, a copy of which may be obtained from StepStone Private Wealth at 704.215.4300 or by visiting stepstonepw.com. An investor should read the prospectus carefully before investing.

    Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance shown is net of fees. For the most recent month end performance please call 704.215.4300 or visit stepstonepw.com.

    An investment in the Funds involve risks. The Funds should be considered speculative investments that entail substantial risks, and a prospective investor should invest in the Funds only if it can sustain a complete loss of its investment. Fund shares are illiquid and appropriate only as a long-term investment. There is no secondary market for the Funds’ Shares and the Funds expect that no secondary market will develop in the foreseeable future. Investments may consist of loans to small and/or less well-established privately held companies that have reduced access to the capital markets, resulting in diminished capital resources and the ability to withstand financial distress. While the Fund provides transparent disclosure of structure, strategy, holdings, and financial condition, the valuation of the Fund’s investments in Private Markets Investment Funds is ordinarily determined based upon valuations provided by the Investment Managers on a quarterly basis. A large percentage of these securities do not have a readily ascertainable market price and are fair valued by the Investment Manager subject to future adjustment or revision. Please see the prospectuses for details of these and other risks.

    The Funds are distributed by UMB Distribution Services, LLC which is not affiliated with StepStone Group.

    The MIL Network –

  • MIL-OSI: Xage Security Awarded $1.5 Million Contract by United States Navy to Advance Zero Trust Initiatives

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) — Xage Security Government (Xage), a global leader in Zero Trust access and protection, today announced a $1.5 million Sequential Phase II Small Business Innovation Research (SBIR) contract with the United States Navy to prove out Xage’s Zero Trust Access and Protection and Federated Identity Management capabilities in support of multiple strategic initiatives.

    This initiative supports compliance with the U.S. Department of Defense Chief Information Officer (DOD CIO) Zero Trust Target Strategy to enhance the protection of data, systems, and services with a Zero Trust model/architecture by 2027. Additionally, Xage will be used in pursuit of the strategic goal shared by the U.S. Navy’s Program Executive Office Command, Control, Communications, Computers and Intelligence (PEO C4I), Tactical Shore & Expeditionary Integration program office (PMW 790) and Program Executive Office Digital and Enterprise Services (PEO Digital) to create an extraordinary future involving battle networks to support the warfighter. This will support the Naval Information Warfare Systems Command (NAVWAR) DevSecOps (DSO) Overmatch Software Armory (OSA) to deliver the Navy’s contribution to Combined Joint All Domain Command & Control (CJADC-2) and tactical edge cloud Battlenet Landing IT Zone Engineering Development Model (BLITZ EDM) Infrastructure as a Service (IaaS) tactical edge capability.

    Xage Meets Robust Navy Security Requirements
    The Xage Fabric Platform is a resilient, highly available cybersecurity mesh, that underpins three core capabilities––Zero Trust identity and access management (IAM), Privileged Access Management (PAM), and Zero Trust remote access (ZTRA)––to enable secure, least privilege access both for internal users and external coalition partners. Xage also provides Zero Trust data exchange capability to ensure the integrity and authenticity of data as it is shared internally and with coalition partners.

    Fulfilling the DOD’s Zero Trust Mandate
    The selection of Xage as a key technology solution provider is based on its robust Zero Trust capabilities in critical areas such as microsegmentation, data integrity and management, least privilege, and multi-factor authentication (MFA). These features are essential across all domains—whether IT, operational technology (OT), or cloud environments—ensuring comprehensive Zero Trust security at every layer.

    Unique Architecture to Support the Warfighter
    In addition to fulfilling DOD Zero Trust requirements, Xage was selected for its ability to fulfill unique requirements for Navy environments.

    The Xage Fabric Platform, deployed as a secure overlay with a distributed architecture and equips the Navy with the following three key capabilities, among others:

    • DDIL: Xage enables the Navy to provide Zero Trust Access and protection to any asset without requiring internet connection, while maintaining the operation of its identity and access functions even in denied, disrupted, intermittent, and limited impact (DDIL) environments. Access and privilege enforcement can still be enforced, even if a remote site or edge device loses connectivity to the central network.
    • Agentless: The Xage Fabric allows the Navy to deploy Zero Trust access and protection without requiring the installation of agents on any endpoints nor the replacement of any existing infrastructure, eliminating a significant management burden and attack vector. The approach enables the Navy to extend the lifespan of legacy mission-critical assets.
    • Data Exchange: The Xage Zero Trust data exchange enables the Navy to securely exchange data with joint coalition and allied partners by providing just enough access, just in time. When access is no longer needed, administrators can easily wipe the identity and access of these external users within seconds. All user activity is tracked, logged, and recorded by Xage and all activity is untraceable by an adversary.

    “Xage was built to cyber-harden the most challenging and mission critical environments and we proudly partner with entities like the USSF Space Systems Command to do so, which will now include an extension of our ‘Never Trust, Always Verify’ support to the Navy,” said Xage Security CEO, Geoffrey Mattson. “Legacy devices, DDIL environments, as well as allied and coalition data exchange are just some of the critical use cases that the Navy is responsible for keeping secure and has an unwavering commitment to defend. Xage is proud to be in service of this mission and national security.”

    About the Contract

    PMW 790 delivers resilient, adaptable, interoperable, and affordable shore and expeditionary C4I capability for the Navy, enabling all domain mission success. PEO Digital is the service office that helps the Navy and Marine Corps with accelerating innovation and security.

    The contract awarded to Xage is spearheaded by PMW 790 and PEO Digital, in collaboration with USSF Space Systems Command (SSC). Together, PMW 790 and PEO Digital are responsible for testing Xage’s Zero Trust capabilities against simulated sophisticated attacks. The PMW 790 Program Manager is requesting this special study to evaluate the approach to Zero Trust across multiple efforts within the Navy. The special study will establish the overarching applicability of Zero Trust concepts across multiple networks to support modern and legacy operational systems.

    It will also test Xage’s ability to establish an enterprise data analytics architecture to provide a subset of data collection goals as stated in the DOD Data Strategy across the Navy enterprise. Included in these concepts is the reduction of the potential attack surface associated with network complexity and controls used today to connect the operational unit networks to larger more accessible enterprise networks and systems. The objective is to demonstrate and test secure data access and exchange across complex network types between systems while ensuring data integrity and authenticity services to various applications where data is being consumed. Zero Trust for the Navy requires a cohesive strategy to reach effective adoption of Zero Trust principles across a diversity of missions within the Navy’s domain.

    PMW 790 is requesting BLITZ onboard Xage Security Government as a Zero Trust Identity software candidate. Xage’s software will also be added to the OSA, which is the Navy’s Tactical DSO ecosystem that supports accelerated application development.

    PMW 790 is looking to leverage the USAF Cloud One DSO accreditation of Xage that supports the DOD CIO Zero Trust and reciprocity directives supported by complementary Department of the Navy CIO and Assistant Secretary of the Navy for Research, Development and Acquisition (ASN RDA) directives for cloud, Zero Trust and starting with dollar one focusing on Identity.

    Other focus areas of Zero Trust principles are data integrity and management in support of Chief Digital and Artificial Office (CDAO) initiatives as well as leveraging microsegmentation edge cloud technology for Zero Trust governance.

    About Xage Security Gov
    Xage Security Gov, LLC is a wholly-owned affiliate of Xage Security, Inc., a global leader in Zero Trust access and protection on a mission to pioneer a secure tomorrow. Xage’s solutions and services accelerate and simplify the way organizations secure, manage, and transform digital operations across Operational Technology, IT, and the cloud. Xage products include zero trust access, privileged access management, zero trust data exchange, all powered by the Xage Fabric Platform. Learn why organizations like the U.S. Space Force, PETRONAS, and Kinder Morgan choose Xage at xage.com.

    Xage PR Contact
    press@xage.com

    The MIL Network –

  • MIL-OSI: No. 12/2024 – CeMat A/S acquires right of perpetual usufruct to land plot in Bielany, Warsaw

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Copenhagen                                                                                   
    Nikolaj Plads 6
    DK-1067 Copenhagen K   

    Copenhagen, 9 October 2024
    ANNOUNCEMENT no. 12/2024

    CeMat A/S acquires right of perpetual usufruct to land plot in Bielany, Warsaw

    CeMat A/S is pleased to announce that it has obtained a binding decision confirming its acquisition by law of the right of perpetual usufruct (RPU) to 75% of the shares in an undeveloped plot of land on Wólczyńska Street, in the Bielany district of Warsaw. The decision relates to a land plot covering a total area of 6,720 sqm, and grants the company the right of perpetual usufruct until 2089. This binding decision provides the legal basis for registering the RPU in the land and mortgage register.

    The acquired plot is currently being used by the company for internal roads, which are a key component of the street layout within the property complex, contributing both to the company’s current rental operations and future investment plans for CeMat in Warsaw’s Bielany district. The road provides access to a public road for all plots earmarked for future development within the Bielany complex. The Bielany complex covers a total area of 159,300 sqm.

    The final value of the acquired property will be determined following an independent valuation process.

    Obtaining legal title to the plot marks a significant milestone in fulfilling CeMat’s goals for 2024, as well as its long-term strategy. As part of the Group’s strategy, this acquisition represents the first step in the value creation chain, which includes securing legal title, receiving re-zoning decisions, obtaining building permits, and commencing the pre-sale and construction phases.

    The newly issued decision is an important factor that will facilitate the development process.  In addition to the zoning decision, the road connection is one of the elements required to obtain a building permit in the future. This additional road will improve the site’s utility connections and increase the overall attractiveness and value of the Bielany complex.

    Cemat A/S

    Frede Clausen
    Chairman

    This announcement has been prepared in a Danish-language and an English-language

    version. In case of doubt, the Danish version prevails.

    Attachment

    The MIL Network –

  • MIL-OSI: Quaint Oak Bank Receives SBA Preferred Lender Program Designation

    Source: GlobeNewswire (MIL-OSI)

    SOUTHAMPTON, Pa., Oct. 09, 2024 (GLOBE NEWSWIRE) — Quaint Oak Bank announced it has been granted the Preferred Lender Program (PLP) designation by the U.S. Small Business Administration (SBA). This prestigious designation is a testament to Quaint Oak Bank’s expertise, experience, and commitment to supporting small businesses across the nation.

    The PLP designation enables Quaint Oak Bank to streamline the SBA loan approval process, providing customers with greater speed and certainty in securing financing. As a PLP lender, the established financial institution is authorized to make unilateral approvals on SBA-guaranteed loans.

    “Our long-standing track record of successful SBA lending has culminated in this recognition,” said Steven Willard, SBA Team Leader and Commercial Relationship Manager. “We are committed to offering the best possible service to our customers and believe that this new designation will enhance our ability to do so.”

    With the SBA’s backing, Quaint Oak Bank can offer flexible financing options to businesses that may not qualify for conventional loans, including those lacking collateral or with projected rather than historical cash flow. This program is particularly beneficial for startups, business acquisitions, and companies experiencing rapid growth.

    For more information about Quaint Oak Bank’s SBA lending services and how the PLP designation can benefit your business, visit http://www.quaintoak.com/business-banking/commercial-loans/sba-loans/.

    About Quaint Oak Bank
    Quaint Oak Bank is a Pennsylvania-chartered savings bank and wholly owned subsidiary of Quaint Oak Bancorp [QNTO], a financial services company. Providing exceptional customer service since 1926, Quaint Oak Bank has adapted and grown to match the ever-changing demands of the market. Dedicated to delivering ground-breaking banking technology to its customers, Quaint Oak Bank offers financial solutions that fuel the future of business. Learn more at http://www.quaintoak.com.

    Contact
    Jake R. Doneker
    Vice President, Commercial Relationships
    Quaint Oak Bank
    215.364.4059

    The MIL Network –

  • MIL-OSI: IDEX Biometrics ASA’s extraordinary general meeting held on 9 October 2024

    Source: GlobeNewswire (MIL-OSI)

    IDEX Biometrics ASA held an extraordinary general meeting on 9 October 2024.

    112.2 million shares or 25.47% of the share capital was represented at the meeting.

    All proposals on the agenda were adopted in accordance with the proposals of the Company’s board of directors, including the approval of Tranche 2 of the private placement, the subsequent offering and the warrants issuance, all as announced on 17 September 2024.

    For further information contact:
    Marianne Bøe, Head of Investor Relations
    E-mail: ir@idexbiometrics.com
    Tel: +47 67 83 91 19

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

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

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    The MIL Network –

  • MIL-OSI: Alation Unveils AI Governance Solution to Power Safe and Reliable AI for Enterprises

    Source: GlobeNewswire (MIL-OSI)

    REDWOOD CITY, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) — Alation Inc., the data intelligence company, today launched its AI Governance solution to help organizations realize value from their data and AI initiatives. The solution ensures that AI models are developed using secure, compliant, and well-documented data. With capabilities such as lineage for AI auditability, AI documentation, data discovery and custom tagging, and data quality flags, organizations can confidently accelerate AI development, mitigate risks, and optimize their AI investments for business impact.

    As regulatory demands rise and data environments grow more complex, organizations struggle to scale AI applications—including machine learning (ML) and generative AI (GenAI)—beyond proof-of-concept stages. Despite growing adoption, research from McKinsey shows only 11% of organizations have successfully scaled these initiatives, largely due to challenges in data governance, compliance, and security. New and evolving regulations, such as GDPR, the EU AI Act, and frameworks like the OECD AI Principles and NIST AI Risk Management Framework, further complicate governance requirements.

    Alation’s AI Governance solution equips organizations with trusted, compliant data and the visibility to confidently scale AI initiatives while adhering to governance policies. By cataloging training datasets, LLM prompts, AI models, and API endpoints in a unified platform, Alation ensures traceability across the AI ecosystem, enabling compliance and fostering collaboration. This transparency mitigates AI risks by allowing teams to trace errors, correct biases, and maintain accountability throughout the AI lifecycle. With curated features ensuring data quality and best practices like model card documentation, Alation streamlines AI development, accelerates time-to-value, and delivers governed collaborative AI outcomes. By reinforcing trust and explainability, Alation helps enterprises future-proof and centralize their AI efforts, driving measurable impact.

    “Alation is critical to increasing the confidence and the value of our data, providing a single source of truth that drives informed decision-making across the organization,” said Ilya Gilin, Leader of Data and AI/ML Governance at Interac. “As we scale our AI initiatives, Alation delivers the transparency, traceability, and governance needed to build, document, and validate analytical models confidently. With features like data quality flags and lineage for AI auditability, we can ensure our model inventory is accurate and timely while maintaining compliance and operational excellence. By transforming data into a strategic asset, Alation fuels innovation and future-proofs our data governance program.”

    “Alation delivers critical guardrails required to help keep AI initiatives safe, ethical, and compliant,” said Stewart Bond, Vice President of Data Intelligence and Integration Software Research at IDC. “Alation helps enterprises find, understand, and trust their data and now brings this expertise to AI—now a top boardroom priority. Alation’s AI Governance solution equips data and business teams to track and validate data before it feeds into AI models while supporting model development, documentation, and validation. By providing a trusted platform, Alation enables organizations to deploy and scale reliable, auditable AI, ensuring compliance, mitigating risks, and driving measurable, AI-driven business outcomes.”

    “The potential for AI to revolutionize industries—from preventing financial fraud to accelerating drug development—is immense, but realizing that potential and driving true business value depends on trusted, high-quality data,” said Satyen Sangani, CEO and co-founder of Alation. “Alation’s AI Governance solution ensures AI initiatives are built on secure, compliant, and transparent data, enabling faster innovation with confidence. As enterprises continue to invest in AI infrastructure to scale large models, Alation turns those investments into real-world applications that deliver measurable ROI, reduce risk, and scale AI safely and ethically—unlocking significant business value.”

    Alation’s AI Governance solution enables organizations to confidently scale AI initiatives and drive measurable business outcomes by leveraging:

    • Accurate Datasets for Trusted Models: Alation equips data scientists, ML experts, and AI engineers with trusted, compliant, contextual data. By leveraging Alation’s Intelligent Search and custom tags, users can quickly locate and tag relevant and compliant datasets needed to build trusted AI models, ensuring a strong foundation for AI initiatives.
    • Streamlined AI Documentation and Collaboration: Alation provides a single source of truth for documenting and managing AI models using model card templates. By centralizing collaboration within the AI Governance solution, teams can collaborate in the context of specific models, ensuring unified visibility across all stakeholders. This promotes governance, compliance, and the efficient discovery and sharing of AI/ML models across the enterprise, driving operational efficiency and transparency.
    • Auditable AI Lineage and Traceability: Alation delivers end-to-end lineage from datasets to AI models, offering full visibility into the AI lifecycle. By cataloging training datasets, LLM prompts, AI models, and output data in a single source of truth, Alation ensures traceability for internal stakeholders and auditors. This enables organizations to diagnose issues, enforce compliance, and maintain trust in AI systems, embedding safety, ethics, and governance throughout the entire process.
    • Compliance and Risk Mitigation: Alation’s AI and data governance framework flags non-compliant datasets and ensures AI models are built on reliable, governed data. This mitigates operational risks, prevents costly errors, and safeguards data integrity—ensuring organizations meet the highest regulatory standards while driving innovation.
    • AI Readiness Accelerator: Alation’s Expert Services offering accelerates AI adoption by providing expert guidance and best practices for model card development. Customers can also engage system integrators from the Alation ecosystem to implement these practices, ensuring they are prepared to scale AI initiatives and deliver measurable business impact. 

    To learn more, read our blog, AI Governance Best Practices: A Framework for Data Leaders. 

    Register for the webinar, “Building Trust in AI: Best Practices for AI Governance from IDC’s Stewart Bond,“ on October 23, 2024, at 8 AM PT. Gain expert insights from Stewart Bond, IDC’s Vice President of Data Intelligence and Integration Software Research, and David Chao, CMO of Alation, on navigating AI governance challenges, improving AI safety, and harnessing trusted data to drive successful AI initiatives.

    About Alation
    Alation is the data intelligence company. Nearly 600 global enterprises — including 40% of the Fortune 100 — rely on Alation to realize value from their data and AI initiatives. Customers such as Cisco, DocuSign, Nasdaq, Pfizer, and Samsung trust Alation’s platform for self-service analytics, cloud transformation, data governance, and AI-ready data, fostering data-driven innovation at scale. Headquartered in Redwood City, California, Alation has been recognized five times by Inc. Magazine as one of the Best Workplaces. To learn more, visit http://www.alation.com. 

    Media Contact
    Lauren Lloyd
    Director, Corporate Communications
    541-490-6115
    lauren.lloyd@alation.com

    The MIL Network –

  • MIL-OSI: The U.S. Department of Energy Selects Craft to Protect Federal Investments from Foreign Influence

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 09, 2024 (GLOBE NEWSWIRE) — Craft, the supply chain resilience company, today announced its risk management platform was selected by the United States Department of Energy (DoE) to provide risk assessments for companies that apply for awards and loans through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The collaboration is part of a larger effort to protect U.S. energy infrastructure, technology, intellectual property, and federal investments from hostile foreign nations and influence.

    Currently, more than 500 employees across 61 federal government organizations use the Craft platform in support of the SBIR program to enhance their due diligence practices. The DoE’s Office of Research, Technology & Economic Security is the latest agency to use Craft to conduct due diligence on SBIR award applicants. This formerly manual process is now completed quickly and accurately, and supports compliance with the U.S. SBIR And STTR Extension Act of 2022. With Craft, the DoE can discover foreign ownership and associations across myriad data points including patents, licensing, board seats, politically exposed people, investor locations, blocklists, ultimate beneficial ownership (UBO), and more.

    “The U.S. invests significantly in the private sector to support the country’s energy infrastructure and technological innovation. However, foreign influence poses a major threat,” said Brian Mackerer, group director, Government and Defense Sector, Craft. “Craft’s platform provides the DoE with a gold standard for due diligence and ensures that all investments will advance U.S. energy interests.”

    Craft’s due diligence data and intelligence can be accessed by any U.S. government agency for faster risk assessments and to avoid duplicative work. Its platform will continue to be essential for the DoE and other government agencies to invest confidently and quickly on SBIR awards for important energy technology across batteries, electric grid infrastructure, and renewable and clean energy.

    “Foreign influence is increasingly more difficult to detect and manual vetting processes can slow the rate of U.S. innovation and technological progress,” said a representative from the Department of Energy’s Office of Research, Technology & Economic Security. “Craft’s platform allows us to vet federal funds candidates easier and faster to ensure they are free of hostile foreign influence.”

    Craft’s work with the DoE is the latest in a series of announcements with the U.S. government. In May 2024, Craft announced a $28 million, five-year agreement with the Secretary of the Air Force to bolster due diligence efforts across the Department of Defense. In March 2024, it announced a partnership with Strider Technologies, Inc. to enrich the data used to identify foreign influence within supply chains for federal government agencies and organizations engaged in government contracts.

    “Our vision is for Craft to be the supply chain risk and resilience partner-of-choice for the U.S. government. This collaboration is another step forward in that direction,” said Mackerer.

    For more information about Craft, visit http://www.craft.co or contact press@craft.co.

    About Craft

    Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit http://www.craft.co.

    The MIL Network –

  • MIL-OSI: ASM announces details of the Q3 2024 conference call and webcast

    Source: GlobeNewswire (MIL-OSI)

    Almere, the Netherlands
    October 9, 2024

    ASM International N.V. (Euronext Amsterdam: ASM) will report its third quarter 2024 financial results at approximately 6:00 p.m. CET on Tuesday, October 29, 2024.

    ASM will host the quarterly earnings conference call and webcast on Wednesday, October 30, 2024, at 3:00 p.m. CET.

    Conference-call participants should pre-register using this link to receive the dial-in numbers, passcode and a personal PIN, which are required to access the conference call.

    A simultaneous audio webcast and replay will be accessible at this link.

    About ASM International

    ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International’s common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM’s website at http://www.asm.com.

    Contacts  
    Investor and media relations Investor relations
    Victor Bareño Valentina Fantigrossi
    T: +31 88 100 8500 T: +31 88 100 8502
    E: investor.relations@asm.com E: investor.relations@asm.com

    The MIL Network –

  • MIL-OSI: Nokia and Furukawa Electric LatAm expand partnership in Brazil to reach data center market

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and Furukawa Electric LatAm expand partnership in Brazil to reach data center market

    • Security and automation designed for the AI era are focus of new phase of partnership, designed for data centers of all sizes in Brazil.
    • Solutions immediately available for Brazilian market bring together Nokia’s modern data center automation platform and Nokia DDoS attack detection and mitigation software.
    • Existing partnership between the companies to commercialize advanced passive optical network (POL) technologies continues throughout Latin America.

    9 October 2024
    São Paulo, Brazil – Nokia and Furukawa Electric LatAm today announced they have expanded their partnership to immediately bring high-performance solutions in data center automation to Brazil. Partners since 2022, the two companies will also continue to offer advanced passive optical network technologies to the Latin American business market.

    Furukawa will now offer Nokia’s Data Center Fabric solution, which includes high-performance data center switching platforms, running Nokia SR Linux, a uniquely open, extensible and resilient Network Operating System and managed by Nokia Event-Driven Automation (EDA), a modern data center network automation platform that combines speed with reliability and simplicity and provides guardrails that detect errors caused by automation.

    Roberto Kihara, General Sales Manager for Furukawa Electric LatAm, said: “We are delighted to be able to extend our partnership with Nokia to offer the most advanced passive optical network technology available. The POL market is very hot in Latin America and we have a lot to achieve together in the region’s data center market. Brazil is a promising market and exemplary in terms of investment volume and demand for automation solutions.”

    Juan Pablo Anadon, Head of Enterprise, Webscale and Partners Sales for Latin America, Network Infrastructure at Nokia, said: “Together with Furukawa Electric LatAm, we are committed to bringing cutting-edge data center technology to the Latin American business market quickly. Our new EDA platform, developed for the AI era, simplifies data center management and can cut down operational efforts up to 40%. Part of our Data Center Fabric solution, EDA is now available in Brazil just two weeks following its global launch, allowing us to work towards our goal with Furukawa to support and advance data center networks in Latin America.”

    Nokia is helping cloud builders worldwide to build modern data center networks that are highly reliable, secure and easy to operate – which is essential to meet the growing demands of AI workloads worldwide.

    Resources and additional information
    Webpage: Nokia – Event-Driven Automation (EDA)
    Webpage: 7220 Interconnect Router for Data Center Fabric
    Webpage: 7750 Service Router
    Webpage: Deepfield Defender
    Press release: Nokia and Furukawa Electric LatAm partner to accelerate Optical LAN in Latin America

    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.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. 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.

    About Furukawa Electric LatAm
    Furukawa Electric Latam is a communications infrastructure solutions manufacturer with headquarters in Curitiba/PR and other plants in Sorocaba/SP and Santa Rita do Sapucaí/MG, as well as optical cable factories in Berazategui, Argentina, and Mexicali, Mexico.

    With a comprehensive portfolio of communication infrastructure solutions, it serves diverse markets such as data centres, industries, offices, operators and services, among others, at all application levels.

    Furukawa Solutions brand is the result of the union of various development, production and support centres distributed around the world, relying on the solidity of the Furukawa Electric group, which has been operating globally for over 135 years, offering world-class solutions with local support and services. With a strong commitment to society, it provides infrastructure for life.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Nokia Americas
    Email: lygia.torelli@nokia.com

    Furukawa Electric Latam
    Email: andreia.rodrigues@agenciafr.com.br

    Follow Nokia on social media
    LinkedIn X Instagram Facebook YouTube

    Follow Furukawa on social media
    Linkedin

    The MIL Network –

  • MIL-OSI: OnStation Welcomes Former DOT Chief Mack Long to Drive Public Sector Adoption

    Source: GlobeNewswire (MIL-OSI)

    CLEVELAND, Oct. 09, 2024 (GLOBE NEWSWIRE) — OnStation, the leading provider of digital stationing solutions for the heavy highway industry, today announced the appointment of Mack Long as its new Strategic Advisor.

    Mack brings over 30 years of experience working for both contractors and Departments of Transportation. Previously, he served as the Director of the Montana Department of Transportation as well as President and General Manager of Wyoming’s JTL Group. Mack is a recognized expert in the industry and has served as the Chairman of the Committee on Construction for American Association of State Highway and Transportation Officials (AASHTO). In his capacity as strategic advisor, Mack will guide OnStation relationships with public sector officials, research, and grant funds.

    Throughout his career, Mack has been passionate about putting the right technology into the hands of road crews, which aligns with the OnStation corporate mission. “OnStation is the best tool out there for both the DOTs and contractors to make sure their projects get built right. It’s the critical tool that connects every road worker with the information they need to be productive and safe,” said Long.

    CEO Patrick Russo noted how the addition of Mack Long deepens OnStation’s value proposition for DOT and contractor teams who often work side by side on the same projects. The app allows team members to instantly find their live digital station and offset reading, drop flags at specific locations, attach images, send chat messages, and share with colleagues across the entire project.

    “OnStation focuses on providing a digital location to every worker on a jobsite to help make their jobs easier and safer. We solve challenges roadway crew experience daily by aligning the needs of DOT project owners and the contractor community, so everyone derives increased value from digital stationing. Mack’s experience on both sides of road construction project teams will help guide us towards fulfilling this vision. It is awesome our company is attracting folks like Mack, and I am excited to learn from him,” said Russo.

    For more information about OnStation and its solutions, please visit http://www.onstationapp.com. 

    About Mack Long

    Mack was born in Billings, Montana, where he grew up and raised his own family. He attended Montana State University (MSU) in Bozeman, Montana, and graduated in 1986 with a Bachelor of Science in Business Management. After college, Mack worked in Bozeman where he met and married his wife, Karen, in 1990. Mack returned to MSU to earn a Construction Engineering degree. Later, he and Karen moved to Texas where Mack worked for Peter Kiewit & Sons construction and engineering firm. While in Texas, Mack and Karen raised their family and welcomed their son, Nathon to their family.

    In 1995, they moved back to Billings and Mack went to work for the family construction company, JTL Group, Inc. Shortly after moving back, their daughter was born. The family moved to Casper, Wyoming in 1998 where Mack became the President and General Manager of JTL Group, Wyoming. In 2002, Mack moved into JTL Group’s main administrative office and worked with his father, Joel, in Billings. JTL Group, Inc. was acquired by MDU Resources Group Inc. in 1999. When Joel retired in 2003, Mack became the President and Regional Manager for Knife River Corp, Inc., an MDU Resources division, until he retired in 2009.

    Mack has been the owner and partner in business ventures over the past 10 years and his experience in the construction field has been wide and varied across airport reconstruction, highways, utilities work, and major industrial plant construction. In 2021 Governor Greg Gianforte appointed Mack to be the Director of the Montana Department of Transportation. Mack proudly served in this role and was asked to be the Chairman of the Committee on Construction for AASHTO. Mack retired in April of 2024 to spend more time with his wife.

    About OnStation

    OnStation is a collaborative digital stationing platform that offers location-based project records from bid to close. Specifically designed for the heavy highway industry, OnStation’s mobile app centralizes communication, boosts productivity, enhances worker safety, and improves project quality. Users benefit from live jobsite stationing, milepost, and LRS capabilities. They can overlay design layers on the project map and communicate via a custom chat platform that organizes and records project events at their locations. OnStation is available on both the Apple App Store and Google Play Store and is supported on all desktop systems.

    Contact

    Jessica Kodrich
    jkodrich@onstationapp.com 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e4dccfb6-c5d1-4af4-851b-79ec1f2b4e36

    The MIL Network –

  • MIL-OSI: Decision of the Management Board of Šiaulių Bankas AB on acquisition of own shares

    Source: GlobeNewswire (MIL-OSI)

    On 9 October 2024, the Management Board of Šiaulių Bankas AB (hereinafter – the Bank), implementing the decision of the Bank’s Ordinary General Meeting of Shareholders (29 March 2024) on the acquisition of the Bank’s own shares decided to buy back 6,000,000 shares of the Bank (ISIN code LT0000102253):

    • Up to 4,254,886 shares, for reduction of the Bank capital;
    • Up to 1,745,114 shares, for employees of Šiaulių Bankas Group as part of the deferred variable remuneration.

    Shares will be purchased on the Nasdaq Vilnius tender offer market under the following terms:

    • Share purchase starts on 10 October 2024;
    • Share purchase ends on 18 October 2024;
    • The date of settlement of the tender offer is on 21 October 2024;
    • Maximum number of shares to be acquired – 6,000,000;
    • The total maximum value of the shares to be acquired is 4.98 million euros;
    • Maximum purchase price is set at EUR 0.83 per share;
    • The acquisition price will be determined using a Dutch auction, meaning all transactions will be carried out at a single price. If fewer shares are offered in the auction than the amount to be purchased, the transactions will occur at the maximum price. If more shares are offered, the orders will be executed at the lowest price at which the full required amount can be purchased.

    “We are launching a two-stage process for buying back our own shares. In the first phase, we will create a liquidity event for investors wishing to sell all or part of their shares. In the second phase, which will begin in November, after the announcement of the Bank’s third-quarter results, shares will be repurchased on the open market. With this share buyback strategy, we believe we will achieve the best results, ensuring a high return for shareholders and increasing the Bank’s attractiveness to investors,” says Tomas Varenbergas, Head of Investment Management Division of Šiaulių Bankas.

    On 15 August 2024 the Bank received permission from the European Central Bank (ECB) to buy back up to 13,745,114 its own shares.

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@sb.lt

    The MIL Network –

  • MIL-OSI: FloQast CEO Mike Whitmire and Accounting Operations Evangelist Stefan van Duyvendijk Publish New Book to Empower Controllers and Accounting Teams

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Oct. 09, 2024 (GLOBE NEWSWIRE) — FloQast, an Accounting Transformation Platform created by accountants for accountants, today announced the release of “Shift Happens: The Rise of the Operational Mindset and How Controllers Can Drive Real Value,” a new book co-authored by FloQast CEO and Co-Founder Mike Whitmire and Accounting Operations Evangelist Stefan van Duyvendijk. Available on the Amazon Kindle Store starting October 9, the book offers critical insights for accounting professionals as they navigate a rapidly changing business landscape.

    Controllers today face increasing pressure to move beyond traditional accounting responsibilities and embrace a more strategic, operational role within their organizations. “Shift Happens” explores this transformation, providing a roadmap for controllers and accounting teams to elevate their influence and steer organizational strategy, particularly during periods of economic uncertainty and business volatility.

    “Shift Happens” draws from the real-world experiences of Whitmire, van Duyvendijk, and other finance leaders at top-tier organizations to deliver actionable advice for controllers looking to position themselves as operational leaders. By adopting a mindset that balances financial expertise with strategic decision-making, controllers can help their companies thrive in today’s complex and fast-paced environment.

    “The controller’s role is changing fast,” said Mike Whitmire, co-founder and CEO of FloQast, CPA. “Accountants understand a company’s finances better than anyone, which puts them in a unique position to help shape business strategy with real data and insights. With today’s economic pressures and talent shortages, businesses can’t afford to overlook this expertise. Our book gives controllers and their teams the tools they need to step up and make a real difference.”

    Stefan van Duyvendijk echoes Whitmire’s sentiment: “Controllers already have the skills and insights needed to drive operational success, but too often they are limited to financial reporting. With an operational mindset, they can expand their influence, bringing valuable insights to the table that impact the entire organization.”

    “Shift Happens” empowers controllers and accounting teams to embrace this broader scope, teaching them how to bridge the gap between accounting functions and business operations. The book provides practical guidance on how to navigate complex financial regulations, communicate effectively with senior executives, and manage cross-functional teams.

    Earn 10 CPE/CPD Credits with FloQademy!

    As part of its mission to provide continuous education to accounting professionals, FloQast is offering readers the opportunity to earn 10 CPE/CPD credits through FloQademy. Head to floqademy.floqast.com/shift-happens to claim your credits and explore other informative and entertaining courses designed to enhance your accounting expertise.

    About the Authors:

    Mike Whitmire is the CEO and co-founder of FloQast, which he established in 2013 to address critical inefficiencies in accounting operations. With a bachelor’s degree in accounting from Syracuse University, Whitmire’s early career included roles at Ernst & Young and Cornerstone OnDemand, where he contributed to a successful IPO. In addition to “Shift Happens,” Whitmire is also the author of the Amazon best-selling book “Controller’s Code: The Secret Formula to a Successful Career in Finance.” Outside of his work in the accounting industry, Whitmire is an avid woodworker and a dedicated Los Angeles Dodgers fan.

    Stefan van Duyvendijk serves as the Accounting Operations Evangelist at FloQast. Prior to joining FloQast, van Duyvendijk held corporate controller positions at Kodiak Cakes and Skullcandy, building extensive experience in financial operations and regulatory compliance. His expertise includes ASC 606 implementation, close process improvements, business combinations, and financial statement audits. When he’s not advocating for accounting innovation, Stefan enjoys skiing the slopes around his home in Utah.

    Book Availability and Pricing: “Shift Happens: The Rise of the Operational Mindset and How Controllers Can Drive Real Value” will be available on the Amazon Kindle Store starting October 9 for a limited-time introductory price of $2.99 for the Kindle edition and $7.75 for the paperback.

    About FloQast

    FloQast, an Accounting Transformation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 2,800 global accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

    Contact:
    Kyle Cabodi
    FloQast Director of Corporate Communications
    kyle.cabodi@floqast.com

    The MIL Network –

  • MIL-OSI: Data Storage Corporation to Present at the MicroCap Rodeo Fall Conference

    Source: GlobeNewswire (MIL-OSI)

    MELVILLE, N.Y., Oct. 09, 2024 (GLOBE NEWSWIRE) — Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that it will be participating in the MicroCap Rodeo Fall Conference being held Wednesday, October 16th, 2024, in New York City.

    Chuck Piluso, CEO Data Storage Corporation, and Chris Panagiotakos, CFO of Data Storage Corporation, are scheduled to present at 10:00 a.m. ET on Wednesday, October 16th. The presentation will be webcast live and available for replay at https://www.webcaster4.com/Webcast/Page/3068/51409 as well as on the Company’s investor relations section of the website at http://www.dtst.com/events.

    Management will also be hosting 1×1 meetings throughout the conference with approved investors.

    Information and registration for the conference can be found here at MicroCap Rodeo.

    About the MicroCap Rodeo Conference:

    The MicroCap Rodeo Conferences stand out as they are organized by money managers and investors, specifically for money managers and investors. This fall, executive management teams from approximately 25 microcap companies across a diverse range of industries will be participating. Investors will have the opportunity to harness top stock ideas for their portfolios through group presentations and 1×1 meetings, offering insights into key value drivers and emerging trends for 2025. Additionally, the event will feature industry guest speakers and ample networking opportunities.

    For more information please contact info@microcaprodeo.com

    About Data Storage Corporation

    Data Storage Corporation (Nasdaq: DTST) is a leading provider of fully managed cloud hosting, disaster recovery, cybersecurity, IT automation, and voice & data solutions. With strategic technical investments in multiple regions, DTST serves a diverse clientele, including Fortune 500 companies, in sectors such as government, education, and healthcare. Focused on the fast-growing, multi-billion-dollar cloud hosting and business continuity market. DTST is recognized as a stable and emerging growth leader in cloud infrastructure, support, and the migration of data to the cloud. Our regional data centers across North America enable us to deliver sustainable services through recurring subscription agreements.

    For more information, please visit www.dtst.com or follow us on Twitter @DataStorageCorp.

    Safe Harbor Provision
    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance, or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. The forward looking statements in this press release include statements such as continuing to grow revenue and increase profitability as the Company executes on its strategic initiatives, the consolidation of the CloudFirst and Flagship subsidiaries positioning the Company to optimize operations, leverage its technical teams, realize greater efficiencies, and improve internal resource allocation, while capitalizing on extensive cross-selling and upselling opportunities among its customer networks, the two meaningful announced contracts being just the first of many such announcements that will come from the efforts of the combined organizations, having developed a robust business strategy that we will drive growth and secure sustainable profitability while maximizing long term value for shareholders and providing meaningful updates to shareholders as developments unfold. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include the Company’s ability to execute and advance its growth strategies. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.

    Contact:
    Crescendo Communications, LLC
    212-671-1020
    DTST@crescendo-ir.com

    The MIL Network –

  • MIL-OSI: Light Sail VR Scales Creative Business with OpenDrives Data Management Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Oct. 09, 2024 (GLOBE NEWSWIRE) — OpenDrives, Inc., a leading provider of software-defined media storage workflow solutions, today announced that Light Sail VR, a pioneer specializing in immersive media storytelling has selected the Atlas storage platform to modernize and scale its creative production business. Atlas boasts superior performance, enabling customers like Light Sail VR to increase data storage and processing on the fly, accelerating creative workflows by as much as threefold.

    The transition to Atlas has greatly improved the team’s productivity, streamlined their workflows, and optimized their data management capabilities. With features like mount management and containerization, Light Sail VR was able to effectively scale their existing storage and add resources, thus enabling them to onboard more commercial projects effectively and swiftly using various third-party tools available through OpenDrives’ containers marketplace.

    Light Sail VR Co-Founder and Creative Director Matthew Celia, a recognized leader in virtual reality, comments on the transformation OpenDrives has brought to its operation, “OpenDrives was our most important investment at the very outset, as the new infrastructure would set the stage for greater efficiency. The effortless and swift integration into our existing operation enabled us to continue working on the growing number of creative projects without any technology-related glitches. With the enormous flexibility to expand storage as needed, OpenDrives is a game-changer, allowing us to focus on our actual passion—creativity.”

    For Light Sail VR, finding a collaborator like OpenDrives with deep roots in Hollywood and storytelling expertise was key. That combination with Atlas fuels Light Sail VR’s creativity, centralizing global project collaboration and streamlining remote work.

    “It’s our mission to enhance the creative journey with high-performance, low-latency data solutions,” states Sean Lee, CEO, OpenDrives. “The OpenDrives founders and leaders are from the entertainment industry and thus have a deep understanding of the iterative nature of the creative process. We designed Atlas to enable quicker cycles, not just for faster deliveries, but to enrich creativity even under the tightest of deadlines.”

    Innovating Immersive Experiences with Technology

    Formed in 2015 by visionaries Matthew Celia and Robert Watts and joined later by senior creative technologist Alex Pearce in 2020, Light Sail VR continually seeks advanced solutions to address the ever-changing needs of dynamic virtual reality. The creative team’s outstanding body of work includes high-profile projects with Meta, Amazon, Lionsgate, Paramount, Canon, Adidas, and more. The team is widely recognized as pushing the boundaries of creative workflows in immersive media. Light Sail VR’s adoption of OpenDrives supports the vision where technology and imagination intersect to create gripping experiences in virtual reality.

    Celia concludes, “OpenDrives’ commitment to enable customer success is what distinguishes them. Their capability to provide security, ease, and scalability in managing comprehensive data for filmmaking projects promises not only productivity but also potential for growth and expansion.”

    About OpenDrives
    OpenDrives, Inc. delivers high-performance, economically scalable, and easy-to-use data storage solutions—powered by the company’s software-defined platform Atlas—purpose-built to optimize high-bandwidth, low-latency media workflows. Since 2011 OpenDrives has empowered content creators and creatives with seamless, fast, shared data access, collaboration, and management capabilities that help to break down data barriers and accelerate creativity and innovation. Thanks to world-class support, composable feature bundles that promise performance and cost predictability, and flexible deployment options across on-premises, cloud, or hybrid environments, OpenDrives helps businesses effectively transform data and content into revenue. OpenDrives is headquartered in Los Angeles, CA. To learn more about OpenDrives, visit http://www.opendrives.com  

    About Light Sail VR
    Light Sail VR is a full-service cutting-edge creative studio that specializes in immersive media storytelling (180 Video / 360 Video / Spatial Video / Game-Engine Content) for agencies, brands, studios and consumers.

    Founded by managing partners Matthew Celia and Robert Watts in 2015, Light Sail VR specializes in story-driven content with compelling narratives, dynamic characters and entrancing visuals. How a person ‘feels’ inside the VR world is the key to unlocking the true potential of the medium. The technology and tools are important but at the core, it’s all about taking the audience on a journey. Loving the work and helping our clients explore new possibilities for their audiences is an honor and our mission. Journey with us as we push the boundaries of immersive storytelling and create experiences that truly do become memories. To learn more about Light Sail VR, visit http://www.lightsailvr.com.

    Press Contact
    Alex Molina
    Grithaus Agency
    alex@grithaus.agency  
    +1 (617) 834-9600

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/42099cf7-c17b-451b-a29a-02b5783fc5cf

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dbadbfe2-e7e1-4729-aaea-f0c3a75dafd7

    The MIL Network –

  • MIL-OSI: Axyom.Core Announces Industry-First 4G/5G Dual Mode Enterprise Small Cells Improving Signal Strength in Indoor Areas

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Oct. 09, 2024 (GLOBE NEWSWIRE) — Axyom.Core, a leader in cloud-native wireless core and radio access network (RAN) solutions, today announced the commercial launch of the industry’s first 4G/5G dual-mode enterprise femtocell product. It extends service coverage indoors where access would otherwise be limited or unavailable.

    Service providers can deploy these small cells in their own offices, shops, and other facilities, as well as sell them to enterprise customers, such as hospitals, offices, retail stores, and schools which show a significant rise in demand for small cell solutions, driven by the rapid adoption of 5G technologies and the growing need for indoor wireless coverage.

    Axyom.Core’s new femtocell product—supporting both 5G NSA (Non-Standalone) and SA (Standalone) architectures—is well-positioned to meet this demand, offering high capacity and exceptional throughput for improved quality of service.

    “These small cells for enterprises improve indoor communication by providing stronger, more reliable signal strength and a cost-effective solution,” said Kurt Daniel, CEO, Axyom.Core. “By enhancing the flexibility of indoor coverage, this new offering can benefit organizations of all sizes, addressing the common frustration of poor signal strength indoors and helping them meet their connectivity needs more efficiently and affordably.”

    The launch of this dual-mode small cell product marks a significant milestone for Axyom.Core, which continues to lead the way in advancing cloud-native wireless solutions.

    To learn more, register for the webinar on October 29, Redefining Indoor Coverage and Capacity.

    Trusted by six of the world’s top 10 communications service providers, Axyom.Core’s products include high-performance 4G and 5G converged core solutions, Femto core, security gateways, and enterprise RAN. The Axyom.Core platform offers unparalleled efficiency, scalability, and economics, ensuring that customers remain at the forefront of the rapidly evolving telecommunications landscape.

    Axyom.Core was acquired by Lumine Group on April 30, 2024, marking the group’s 14th corporate carve-out. The acquisition strengthens Lumine Group’s portfolio in the communications and media software sector with Axyom.Core continuing to operate autonomously under its new brand identity.

    About Axyom.Core
    Axyom.Core is a global leader in cloud-native wireless core and radio access network solutions, trusted by major communications service providers worldwide. Our advanced product portfolio includes high-performance 4G and 5G Converged core, Femto core, security gateways, and enterprise RAN units. Axyom.Core is dedicated to delivering innovative solutions that meet the evolving needs of the telecommunications industry. For more information, visit http://www.axyomcore.ai.

    About Lumine Group
    Lumine Group acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at http://www.luminegroup.com.

    Media Contact
    Glenn Rossman
    glenn@eckertcomms.com
    914-623-8354

    The MIL Network –

  • MIL-OSI: ibex Partners with Parloa for Latest GenAI Capabilities

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON and NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) — ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and AI-powered customer engagement technology solutions, today announced a strategic partnership with Parloa, a leading provider of generative AI automation solutions. Per the agreement, ibex will leverage Parloa’s AI Agent Management Platform (AMP) as part of the ibex Wave iX solutions suite for clients in North America.

    “ibex is excited to partner with Parloa to leverage cutting-edge GenAI to transform the world of customer experience (CX),” said ibex CEO Bob Dechant. “This strategic partnership unites Parloa’s industry-leading genAI automation for CX with ibex’s ground-breaking Wave iX solutions suite, unmatched BPO expertise, and deep customer insights to deliver the most advanced AI and agent-assisted CX solutions, ever.”

    Parloa’s GenAI-powered AMP platform is designed to support fully dynamic and autonomous personal agents that engage in more natural, engaging customer interactions.

    “We are excited to partner with ibex to bring generative AI to customer engagement at scale,” said Malte Kosub, CEO and Co-founder of Parloa. “By combining our GenAI-based technology with ibex’s expertise, we’re enabling brands to deliver more personalized and efficient customer interactions, enhancing both the customer and agent experience.”

    ibex takes a solutions-driven approach to align with specific business needs and deliver real CX solutions for transformative outcomes. ibex Wave iX, which includes three key solution sets—AgentAI, CustomerAI, and InsightsAI—uses the latest GenAI technology to deliver authentic digital transformation and advanced customer-facing self-service options to businesses of all sizes at every stage of their digital journey. Explore the full suite of ibex Wave iX solutions here.

    About Parloa

    Parloa is a leading AI company for the automation of customer service. Parloa’s platform unites humans and AI in one team to take companies’ service quality to a new level through AI-based customer service, natural-sounding conversations, and outstanding service experiences on the phone and all communication channels. The Parloa platform resolves the majority of customer queries quickly and automatically, allowing contact center agents to focus on complex issues. Parloa was founded in 2018 by Malte Kosub and Stefan Ostwald and today employs more than 250 people in Berlin, Munich, and New York. Find out more about Parloa on our website and join us on LinkedIn to stay up to date.

    About ibex

    ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage and retain valuable customers. Today, ibex operates a global CX delivery center model consisting of approximately 30 operations facilities around the world, while deploying next generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

    ibex leverages its diverse global team of over 30,000 employees together with industry-leading technology, including the AI-powered ibex Wave iX solutions suite, to manage nearly 175 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

    Media Contacts:

    Dan Burris
    ibex
    Daniel.Burris@ibex.co

    Julia Goelles
    Parloa
    julia.goelles@parloa.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/49202d3d-6561-4cf6-a051-ddf4a636e145

    The MIL Network –

  • MIL-OSI: Customers award Rightworks with record 11 badges in G2 Fall 2024 Reports

    Source: GlobeNewswire (MIL-OSI)

    NASHUA, N.H., Oct. 09, 2024 (GLOBE NEWSWIRE) — Rightworks, the only intelligent cloud services provider purpose-built for accounting firms and professionals, is proud to announce it earned a record 11 badges in G2’s Fall 2024 Reports for its OneSpace and OneSpace Firm solutions. The top honors from G2 continue to differentiate Rightworks as a leader in the accounting profession for its secure, advanced and user-friendly solutions and services backed by dedicated, expert support.

    Rightworks OneSpace earned the following recognitions in G2’s Fall 2024 Reports:

    • Leader
    • Leader — Small-Business
    • High Performer (for OneSpace Firm)
    • High Performer
    • High Performer — Mid-Market
    • High Performer — Small-Business
    • Users Love Us
    • Best Support — Mid-Market
    • Easiest To Do Business With
    • Easiest To Do Business With — Small-Business
    • Momentum Leader

    “We typically see only around 10% of all vendors on G2 appear in our quarterly Market Reports, so it’s a major accomplishment that Rightworks has been recognized this season, 2024,” said Sara Rossio, Chief Product Officer at G2. “We extend our congratulations to Rightworks for receiving praise through authentic customer reviews, powering its rankings on the world’s largest and most trusted software marketplace.”

    Rightworks achieved Leader and High Performer recognition by receiving positive reviews from verified users compared to similar products in each category. Products must receive 10 or more reviews to be included. In G2’s Fall 2024 Reports, just 6% of the Software & Services received a Leader badge.

    “We are honored to receive this remarkable G2 recognition for the 14th consecutive quarter. Our achievement reflects our ongoing efforts to deliver innovative solutions uniquely focused on the accounting profession and support that elevates our customers’ experience,” said Joel Hughes, CEO of Rightworks.

    G2 is the world’s largest and most trusted software marketplace. More than 90 million people annually — including employees at all Fortune 500 companies — use G2 to make smarter software decisions based on authentic peer reviews.

    Learn more about what users have to say by visiting Rightworks’ review page.

    Connect with Rightworks
    Visit our newsroom; read our blog; and follow us on LinkedIn, Facebook and Instagram.

    About Rightworks
    Rightworks enables accounting firms and businesses to significantly simplify operations and expand their value to clients via our award-winning intelligent cloud and learning resources. This is possible with Rightworks OneSpace, the only secure cloud environment purpose-built for the accounting and tax profession, and Rightworks Academy, the premier community for firm optimization, growth and professional development. The Academy offers access to thought leadership, events, peer communities and extensive learning resources. Founded in 2002, we’ve grown to serve over 10,000 accounting firms in the US—from single practitioners to Top 10 firms. For more information, please visit rightworks.com or follow us on LinkedIn, Facebook and Instagram.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e6a06dcf-e109-4b95-a3ac-7be45320f996

    The MIL Network –

  • MIL-OSI: STS Cloud and Cloudbeds unveil powerful integration to transform hotel group sales and event operations

    Source: GlobeNewswire (MIL-OSI)

    Charleston, SC, Oct. 09, 2024 (GLOBE NEWSWIRE) — SalesAndCatering.com and Cloudbeds have announced a two-way integration that will empower hotels, resorts, and conference centers to optimize hotel group sales and event management.  By combining Cloudbeds’ innovative property management system (PMS) with STS Cloud’s robust event management and sales capabilities, hoteliers can prevent overbookings, optimize room and event inventory, and deliver personalized service to win more deals. 

    The integration enables hotel staff to manage every aspect of group and event bookings, from room blocks to event contracts, while automatically syncing data with Cloudbeds in real time. Sales managers can easily create and manage contracts, banquet event orders (BEOs), and special requests from any device, enhancing both the guest experience and hotel efficiency. By automating many of the time-consuming aspects, like room block management and rate tracking, hotel teams can operate more efficiently,  maximize revenue from group stays, and focus on creating exceptional guest experiences.

    “Efficiency is a key factor in maximizing hotel group sales and meeting revenue,” said Ryan Hamilton, Co-founder of STS Cloud. “We designed STS Cloud to streamline every part of the sales process—from pipeline management and group block creation to event orders and digital contracts. Our integration with Cloudbeds takes this a step further by allowing sales teams to check room availability and automatically sync room blocks directly into the PMS. This seamless connection not only saves time but also boosts productivity, enabling teams to focus on closing deals and enhancing overall hotel operations. We prioritize quality partnerships and are excited to build a strong relationship with Cloudbeds.”

    The key features of the STS Cloud and Cloudbeds partnership include:

    • Seamless integration:  Room block and rate information will flow effortlessly from STS Cloud into Cloudbeds’ Property Management System (PMS), while STS Cloud will simultaneously pull real-time inventory, pickup, and room rates from Cloudbeds, ensuring hotels maintain accuracy and efficiency in managing their bookings.
    • Efficient event management: Event planners and sales teams can easily create and manage contracts, banquet event orders (BEOs), and special requests directly from their mobile devices, enabling personalized service for every event.
    • Revenue optimization: The platform offers robust tools to upsell additional services such as catering, banquet services, and amenities, helping hotels increase revenue from group bookings.
    • Flexible deployment options: STS Cloud supports both SaaS and on-premise deployment, providing hotels of all sizes with a solution that fits their unique needs.

    “Our collaboration with STS Cloud creates a powerful solution for hotels,” said Richard Castle, Co-Founder of Cloudbeds. “We share a common belief in user-friendly design, advanced functionality,  and expert customer support, which makes for happier, more efficient hotel staff. This two-way integration optimizes group sales and event management. We look forward to growing this partnership to drive even more value for our customers.”

    For more information about the STS Cloud and Cloudbeds integration, visit salesandcatering.com and cloudbeds.com.

    END

    About SalesAndCatering.com

    SalesAndCatering.com provides the most affordable full-featured Sales and Catering systems for hospitality.  Its STS Cloud Sales and Catering system is widely installed and engineered to give property sales teams the sales tools that help them achieve their goals. SalesAndCatering.com’s systems are developed and supported by the company’s US-based offices. It is a trusted full-service sales and catering partner that delivers solutions via a software-as-a-service model that ensures greater client communication to streamline the sales process and maximize staff productivity. SalesAndCatering.com’s systems help hotel companies meet revenue goals through anytime-anywhere data access and integration with multiple PMS systems.  STS Cloud delivers unparalleled performance to help you thrive in today’s competitive sales environment.

    For more information, please visit salesandcatering.com.

    About Cloudbeds

    Cloudbeds is the leading platform redefining the concept of PMS for the hospitality industry, serving tens of thousands of properties in more than 150 countries worldwide. Built from the ground up to be masterfully unified and scalable, the award-winning Cloudbeds Platform brings together built-in and integrated solutions that modernize hotel operations, distribution, guest experience, and data & analytics. Founded in 2012, Cloudbeds has been named a top PMS, Hotel Management System and Channel Manager (2021-2024) by Hotel Tech Report, World’s Best Hotel PMS Solutions Provider (2022) by World Travel Awards, and recognized in Deloitte’s Technology Fast 500 in 2023.

    Attachment

    The MIL Network –

  • MIL-OSI: VanEck Launches $30M Fund to Support Innovation in Fintech, Crypto and AI

    Source: GlobeNewswire (MIL-OSI)

    The Fund is available to Qualified Purchasers Only, is subject to significant risk and may not be suitable for all investors. Please carefully read the Private Placement Memorandum before investing.

    NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) — VanEck, a leading global investment management firm, announces the launch of VanEck Ventures, a $30 million early-stage fund dedicated to investing in visionary founders operating at the intersection of fintech, digital assets, and artificial intelligence. This launch marks VanEck’s strategic expansion into venture capital, building on its long-established record of identifying and supporting transformative markets.

    “From pioneering an approach to gold investing in 1968 to recognizing the disruptive potential of Bitcoin in 2017, embracing a long-term view on transformative opportunities has always been part of our investment philosophy. This fund extends that vision into the early-stage venture space,” said Jan van Eck, CEO of VanEck. “We look forward to supporting founders of what we believe are some of the most disruptive companies in fintech—those building the future of finance.”

    VanEck Ventures invests in category-defining founders pushing the boundaries of financial applications and markets leveraging emerging technologies like blockchain and large language models. The fund’s investment philosophy focuses on supporting exceptional teams building at the application layer while maintaining an infrastructure-agnostic approach. The fund’s core investment themes include tokenized assets, internet native financial marketplaces, and next-generation payments building on stablecoins and tokenized capital markets.

    The fund is led by Wyatt Lonergan and Juan Lopez, both seasoned investors with experience in fintech and crypto ventures. Previously, Lonergan and Lopez headed Circle Ventures, the venture arm of USDC-issuer Circle, where they successfully invested over $50 million in early-stage companies ranging from infrastructure to consumer applications. Their leadership, combined with VanEck’s strong reputation in asset management, positions VanEck Ventures as a valuable partner for emerging innovative startups. VanEck’s global workforce and senior leadership support the fund from an operational and advisory perspective.

    “Three inflection points core to our investment thesis are starting to reshape the foundation of the internet: stablecoins emerging as an open-source banking layer, the commoditization of blockspace, and AI breakthroughs. The convergence of these is creating unprecedented opportunities for globally connected, user-centric financial experiences, and we are excited to back founders building on these innovations,” said Wyatt Lonergan, General Partner at VanEck Ventures.

    The fund expects to make 25 to 35 investments with check sizes ranging from $500,000 to $1 million, focusing on companies that offer both strategic and financial upside. The fund has already made 4 investments yet to be announced.

    “Over the past few years, we’ve seen stablecoins enable seamless, large-scale value storage and transfer along with Linux-like composability,” said Juan Lopez, General Partner at VanEck Ventures. “As several on-chain utilities, focused on programmability and compliance, come to market with growing regulatory clarity, it’s never been a more exciting time to build. Our goal is to be a long-term partner to bold founders defining the next phase of blockchain utility.”

    About VanEck

    VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 – that subsequently shaped the investment management industry.

    Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of August 31, 2024, VanEck managed approximately $113.9 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.

    Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.

    General Disclosures

    This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned is unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.

    The Fund is available to Qualified Purchasers Only. Please carefully read the Private Placement Memorandum before investing. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. There is no guarantee the Fund will achieve its investment objective and investors may lose their entire investment. The Fund is not suitable for all investors. Past performance is not a guarantee of future results.

    The Partnership’s investment program is speculative and entails substantial risks. There can be no assurance that the Partnership’s investment objective will be achieved.

    An investment in the Fund involves a high degree of risk, including, without limitation, uncertain returns, market risk, risks associated with Limited Partner default, indemnification risks, illiquidity, possible lack of diversification, lack of management control, tax risks and potential conflicts of interest. There is no guarantee that the Funds’ investment objectives will be achieved.

    VANECK ABSOLUTE RETURN ADVISERS CORPORATION (“VEARA”), THE INVESTMENT MANAGER OF THE FUND, IS A MEMBER OF NFA AND IS SUBJECT TO NFA’S REGULATORY OVERSIGHT AND EXAMINATIONS. VEARA HAS ENGAGED OR MAY ENGAGE IN UNDERLYING OR SPOT VIRTUAL CURRENCY TRANSACTIONS IN THE FUND. ALTHOUGH NFA HAS JURISDICTION OVER VEARA, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY FOR UNDERLYING OR SPOT MARKET VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS. YOU SHOULD ALSO BE AWARE THAT GIVEN CERTAIN MATERIAL CHARACTERISTICS OF THESE PRODUCTS, INCLUDING LACK OF A CENTRALIZED PRICING SOURCE AND THE OPAQUE NATURE OF THE VIRTUAL CURRENCY MARKET, THERE CURRENTLY IS NO SOUND OR ACCEPTABLE PRACTICE FOR NFA TO ADEQUATELY VERIFY THE OWNERSHIP AND CONTROL OF A VIRTUAL CURRENCY OR THE VALUATION ATTRIBUTED TO A VIRTUAL CURRENCY BY VEARA.

    General Digital Asset Risks

    Cryptocurrencies and digital assets are not suitable for all investors. Investments in digital assets and Web3 companies are highly speculative and involve a high degree of risk. These risks include, but are not limited to: the technology is new and many of its uses may be untested; intense competition; slow adoption rates and the potential for product obsolescence; volatility and limited liquidity, including but not limited to, inability to liquidate a position; loss or destruction of key(s) to access accounts or the blockchain; reliance on digital wallets; reliance on unregulated markets and exchanges; reliance on the internet; cybersecurity risks; and the lack of regulation and the potential for new laws and regulation that may be difficult to predict. Moreover, the extent to which Web3 companies or digital assets utilize blockchain technology may vary, and it is possible that even widespread adoption of blockchain technology may not result in a material increase in the value of such companies or digital assets.

    Digital asset prices are highly volatile, and the value of digital assets, and Web3 companies, can rise or fall dramatically and quickly. If their value goes down, there’s no guarantee that it will rise again. As a result, there is a significant risk of loss of your entire principal investment.

    Digital assets are not generally backed or supported by any government or central bank and are not covered by FDIC or SIPC insurance. Accounts at digital asset custodians and exchanges are not protected by SPIC and are not FDIC insured. Furthermore, markets and exchanges for digital assets are not regulated with the same controls or customer protections available in traditional equity, option, futures, or foreign exchange investing.

    Digital assets include, but are not limited to, cryptocurrencies, tokens, NFTs, assets stored or created using blockchain technology, and other Web3 products.

    Web3 Companies include but are not limited to, companies that involve the development, innovation, and/or utilization of blockchain, digital assets, or crypto technologies.

    © Van Eck Associates Corporation

    ©️ Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation
    666 Third Avenue, New York, NY 10017
    Phone: 800.826.2333
    Email: info@vaneck.com

    Media Contact

    Garret J. Shaw
    +1 517.213.3180
    garret@serotonin.co
     

    A photo accompanying this announcement is available at: 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/6c23f9cc-2c26-4460-975f-b5b0c214c2e9

    The MIL Network –

  • MIL-OSI: BloFin Shines at TOKEN2049 Singapore, Sets Sights on Expanding Presence at TOKEN2049 Dubai

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 09, 2024 (GLOBE NEWSWIRE) — BloFin, a leading centralized cryptocurrency exchange (CEX), made a strong impact as a sponsor of TOKEN2049 Singapore for the second consecutive year. This sponsorship underscores BloFin’s increasing influence in the cryptocurrency industry and marks its commitment to furthering its reach, with an upgraded sponsorship planned for TOKEN2049 Dubai later this year.

    At TOKEN2049 Singapore, BloFin hosted the Whale Royale Yacht Club side event, a highlight of the conference. The exclusive gathering brought together key opinion leaders (KOLs), industry executives, and crypto enthusiasts, fostering meaningful discussions and collaborations within the cryptocurrency space.

    BloFin Prepares for TOKEN2049 Dubai Expansion

    Looking ahead, BloFin is poised to expand its footprint at TOKEN2049 Dubai, building on the success of its Singapore event. With ambitious growth plans, BloFin continues to focus on providing innovative services to its expanding global user base.

    “We are proud of our achievements at TOKEN2049 Singapore and are excited to build on this momentum as we prepare for TOKEN2049 Dubai,” said Matt, CEO of BloFin. “Our mission is to continue delivering top-tier services while enhancing the user experience.”

    BloFin’s Trading Engine: A Leap Forward in Speed and Reliability

    In tandem with its event sponsorship, BloFin has implemented significant upgrades to its trading platform, reinforcing its reputation as a top destination for crypto traders. The recent introduction of cutting-edge technologies, including In-memory Processing and the Raft Consensus Algorithm System, has dramatically improved trading execution speeds and system reliability, even during peak periods.

    These enhancements highlight BloFin’s dedication to providing a secure and efficient trading environment, in line with its brand promise, “Where Whales Are Made.” With a focus on advanced trading features, enhanced security protocols, and a seamless user experience, BloFin continues to set new standards of excellence for traders and crypto enthusiasts alike.

    About BloFin

    BloFin is a secure, innovative cryptocurrency centralized exchange (CEX) offering over 350 USDT-M perpetual contracts and 250 spot trading pairs. Designed for both novice and experienced traders, BloFin provides a high-performance platform with deep liquidity, competitive pricing, and minimal slippage. Beyond derivatives trading, the platform offers services such as spot trading, copy trading, demo trading, and more.

    Security remains a top priority at BloFin, as demonstrated by its partnerships with Fireblocks for asset protection and Chainalysis for compliance and security. BloFin continues to enhance its offerings to provide a secure, user-friendly experience for its growing global user base.

    For more information, visit BloFin’s website or follow BloFin on Telegram, Twitter.

    Media Contact:
    Annio W.
    Head of Marketing and Public Relations
    Email: annio@blofin.io

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e0b53214-e8dd-48b8-a75f-01f12a0bdd5b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/da5ea658-bb4d-4580-a062-f6c43d79cc61

    The MIL Network –

  • MIL-OSI: Air Capital Wealth Management Launches with LPL Financial

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA) announced today that financial advisors Michael Caffrey, CRPC®, Derek Keller, CFP®, CPFA®, CRPC®, MBA, and Gabriel Parham have launched a new independent practice, Air Capital Wealth Management, through affiliation with LPL Strategic Wealth Services, a supported independence model. The team reported having served approximately $685 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch.

    Based in Wichita, Kan., known as the Air Capital of the World, the advisors are longtime colleagues who each bring diverse experiences and perspectives to the team. Caffrey was mentored by his father, Ron Caffrey, and has earned recognition on several Forbes lists**. Parham also grew up in the business and recalls making 50-cents an hour as a child to help his mother file — a job that sparked his interest in investments early on. Keller has nearly two decades of experience guiding clients’ financial lives. Together, with support from two assistants, the advisors share a commitment to providing comprehensive services and personalized advice to their clients.

    “Our mission is to help each individual client with their financial goals by simplifying the complexities, making it easier for them to understand,” said Parham, who noted their client base spans from doctors, engineers and pilots to farmers, teachers and small business owners. “We are passionate about building deep relationships with clients and providing them with personalized financial strategies.”

    As they continue to honor the legacy of the firm’s early leaders, Ron Caffrey, Janet Johnson and Deborah Rowley, all who have since retired, the Air Capital team decided the independent model would best suit the growing needs of their business.

    “We want to be able to focus on clients, their goals and objectives, not corporate mandates,” Caffrey said. “LPL provides us with the flexibility and resources we need to make our own decisions and build our business how we want. We also have several new options across the board within LPL’s open architecture platform, including more planning software, which allows us to provide even more comprehensive and personalized experiences for our clients.”

    The team was drawn to LPL’s comprehensive supported independence solution, LPL Strategic Wealth Services (SW), which combines the freedom and flexibility of entrepreneurship with hands-on business services and support to help practices thrive, both operationally and strategically. In addition to having access to LPL’s innovative wealth management platform and sophisticated resources, SW advisors benefit from a truly integrated service that includes simplified pricing, technology and dedicated support to launch their practice. Then, after the transition is complete, SW teams receive ongoing operations support managed by their team of experienced professionals including a business strategist, marketing partner, CFO and administrative assistant. Advisors have one point of contact, a dedicated team and priority access to advocacy and project management for complex business issues, ultimately allowing them to stay focused on the enduring needs of their clients and the culture and evolution of their practice.

    “We truly appreciate all of these dedicated resources and sophisticated capabilities behind the scenes to allow us to run the business as we see fit while also ensuring clients are getting the best care,” Keller said. “We look forward to having more time to interface with clients and providing them with differentiated experiences.”

    Outside the office, all three advisors are active in the community. Keller is a Boy Scout leader, member of Shriners International and proud supporter of his alma mater, Wichita State University. Parham is a member of The American Legion and Fuse Foundation. He also supports Kansas Honor Flight and Big Brothers Big Sisters. Caffrey supports several organizations including the Wichita Wagonmasters, East YMCA Men’s Club, Senior Services of Wichita and St. Thomas Catholic Church. As independent advisors, they look forward to expanding their local presence by using Wichita-based vendors and investing more back into the community.

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Mike, Derek and Gabe to LPL and congratulate them on the launch of their new independent business. We are committed to being a long-term partner to the Air Capital team — and all our advisors — by delivering a leading wealth management platform that supports the full lifecycle of their business.”

    Related

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

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

    Securities and Advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Air Capital Wealth Management and LPL Financial are separate entities.

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

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

    *Value approximated based on asset and holding details provided to LPL from end of year, 2023.

    ** Forbes “2024 Best-in-State Wealth Advisors,” “2024 Best-in-State Wealth Management Teams,” and “2024 Next-Gen Best-in-State.”

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

    Tracking #639367

    The MIL Network –

  • MIL-OSI: The Future of Navigation is Mini: Advanced Navigation Launches Certus Mini Series with INS and AHRS

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) — Advanced Navigation, a world leader in navigation and autonomous systems, has announced the expansion of its versatile Certus range, with the new Mini series.

    Available in three variants, the Certus Mini series includes a GNSS-aided Certus Mini D and Certus Mini N inertial navigation system (INS), while Certus Mini A functions as an attitude and heading reference system (AHRS).

    Weighing no more than 55 grams, the series packs an impressive punch in performance and cost-efficiency, defying expectations for its weight and size.

    Advanced Navigation CEO Chris Shaw said, “Manufacturers and system integrators often face trade-offs between performance, size, cost and weight. The Certus Mini series is a testament these attributes do not need to conflict with one another.

    For customers deploying land-based vehicles, this value-driven breakthrough lowers their entry barrier to precise and reliable navigation. It also unlocks new possibilities for those using lightweight airborne platforms, such as drones, where every gram counts towards flight efficiency and power consumption.

    Designed with flexibility in mind, the series is easily integrated into existing and new system builds with simple plug-and-play connectivity, minimizing development time and costs. This adaptability, paired with its performance and size, makes the Mini series a powerful addition to the already versatile Certus range.”

    The Future of Navigation is Mini

    • Dual-antenna INS – Leading the series, the Certus Mini D features dual-antenna GNSS heading. This allows it to deliver superior accuracy in heading, position and velocity. With a maximum weight of 55 grams, it fills a critical gap in the market for a dual-antenna INS in a lightweight and compact size.
    • Multiband GNSS receiver – By operating on the L1/L5 multi-constellation GNSS, the Certus Mini series offers leading capabilities in interference immunity, position accuracy and multipath resistance in urban environments, such as near tall buildings, tree canopies and canyons.
    • Software-enabled hardware – The series houses Advanced Navigation’s breakthrough algorithmic technology. This software-enabled hardware delivers navigation data superior to outputs based on traditional filter methods, offering new levels of performance for miniature INS in GNSS-challenged environments.

    Advanced Navigation Introduces the Certus Mini Series

    Easily Integrated Into New and Existing Platforms

    The Certus Mini series can be easily integrated into legacy systems and new builds, ensuring seamless upgrades, reducing installation time and minimizing costs. This flexibility accelerates deployment across diverse applications including:

    • Geospatial surveying – Certus Mini can augment drone solutions by providing accurate positioning and attitude without weighing the system down. This enables new applications for surveying environments across open-pit mines, construction sites, urban areas and critical infrastructure.
    • Agriculture – In a new era defined by farming-as-a-service (FaaS), Certus Mini can be used in purpose-built agriculture robots and equipment to assist with a diverse range of tasks, including aerial spraying, weed detection and localization, monitoring crop health, inspecting moisture levels, creating field maps, autonomous pruning and grass-cutting, among others.
    • Open-pit mining – Certus Mini is the ideal solution for surface drilling OEMs and integrators seeking precise rig alignment. Best-in-class accuracy provides precise alignment even in deep pits where multipath errors occur, and a ruggedized design delivers durability and reliability in harsh mining conditions.
    • Asset tracking – Certus Mini can be used to track and monitor assets for a range of industries, including mining, facility management, manufacturing, construction, commercial fleets, automotive, oil and gas, among others.

    Rapid Product Delivery with In-House Manufacturing

    By manufacturing all solutions in-house, Advanced Navigation employs a vertical integration framework which streamlines development, enhances quality control, and ensures agility in responding to customer demand. Further, by utilizing machine learning and advanced quality control mechanisms, only components meeting the highest standards are integrated into the navigation system.

    This in-house capability guarantees exceptional product reliability, quality, and longevity, while providing complete control over production timelines, reducing lead times, and ensuring swift, efficient delivery of the entire product series.

    Advanced Navigation ensures rapid product delivery with in-house manufacturing

    General availability
    The Certus Mini series is now available for purchase in OEM and ruggedized form.

    Certus Mini Dual-antenna Navigation

    • 0.1 ° Roll and Pitch
    • 0.1 ° Heading (GNSS)
    • 10 mm RTK Positioning
    • 1000 Hz Update Rate

    Certus Mini Navigation, single antenna

    • 0.1 ° Roll and Pitch
    • 0.2 ° Heading (Velocity)
    • 10 mm RTK Positioning
    • 1000 Hz Update Rate

    Certus Mini Attitude and heading reference system

    • 0.1 ° Roll and Pitch
    • 0.8 ° Heading (Magnetic)
    • 1000 Hz Update Rate

    Note: The Certus Mini series will replace Advanced Navigation’s legacy systems Orientus and Spatial. Customer support will continue for Orientus and Spatial, with the Certus Mini Series recommended for new design and builds.

    About Advanced Navigation
    Advanced Navigation is a global leader in navigation and autonomous systems. By leveraging capabilities in software-enabled hardware, every solution delivers unrivaled capabilities and exceptional performance across land, air, sea and space applications where GPS is unreliable.

    Made possible with extensive research, testing and onshore automated manufacturing, the company has progressed into deep technology fields, including underwater acoustics, GNSS antennas and receivers, radio frequency systems, inertial sensors, photonics, robotics and quantum-enhanced inertial navigation. Customers choose Advanced Navigation for rapid product delivery and unmatched technical field expertise.

    Headquartered in Sydney, Australia with multiple research facilities throughout the country and offices around the world. Advanced Navigation is an Australian manufacturer exporting globally. #JoinTheAutonomyRevolution

    For additional information, visit http://www.advancednavigation.com

    Media Contact
    Stephanie Qiu
    Senior PR & Communications Manager
    stephanie.qiu@advancednavigation.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8dcddce0-5100-486b-a2da-e5e42f29dcde

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b0769d46-7105-470c-9e40-7c03da141388

    https://www.globenewswire.com/NewsRoom/AttachmentNg/115c0419-2618-4756-a41e-c1c2df255e73

    The MIL Network –

  • MIL-OSI: Lendmark Financial Services Expands Virginia Presence with Williamsburg Branch, Marking its 47th Location in the State

    Source: GlobeNewswire (MIL-OSI)

    WILLIAMSBURG, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Virginia footprint, opening a new branch in Williamsburg.

    The branch is located at 6614 Mooretown Road, Suite B, and is expected to serve hundreds of customers in its first year. Sonja Winnington, who serves as the branch manager, will be responsible for administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “As we grow our footprint in Virginia, we will continue to focus on delivering the tailored loan solutions our customers need to meet planned and unplanned life events,” said Dan Quann, Vice President of Branch Operations at Lendmark. “Our Virginia branch openings and overall branch growth demonstrate an ongoing need for diverse household financial options for consumers here and throughout the country.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 757-378-6363.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    Lendmark customers can participate by donating $1 when closing their loan. Lendmark matches the donation.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 515 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit http://www.lendmarkfinancial.com.

    Media Contact
    Jeffrey Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0cb5942-d810-4b17-a625-70205d6f609c

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