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Category: GlobeNewswire

  • MIL-OSI: Peapack-Gladstone Bank Hires Michael Anthony Guarino, Esq., CRCM as Senior Vice President

    Source: GlobeNewswire (MIL-OSI)

    BEDMINSTER, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) — Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce that Michael Anthony Guarino, Esq. has joined the Bank as a Senior Vice President, Attorney.

    Working out of the Bank’s Headquarters in Bedminster, New Jersey and its new location at 300 Park Avenue, New York City, Mr. Guarino is primarily responsible for responding to all legal issues arising out of the Company’s New York office, in addition to working with the Bank’s General Counsel in providing support and advice to the Bank’s executive and leadership teams on all matters of law and policy.

    An accomplished and seasoned corporate attorney, Mr. Guarino has over 25 years of experience in financial services, including legal, regulatory risk assessment and compliance management, fraud and AML investigations, and vendor management/contract review with evolving risk.  He most recently served as Senior Vice President and Senior Counsel at Metropolitan Commercial Bank.  Prior to that as Compliance Officer & Risk/Counsel Risk Assessment at Israel Discount Bank of New York where he held roles as Compliance Officer & Counsel/Risk Assessment/Quality Control/ and Legal Counsel.  Additional roles included Assistant Counsel/Vice President & Regulatory Compliance Manager, First Fidelity, First Union Bank and Assistant Treasurer, Legal Liaison/Risk Manager, International Trade Products Department, and Legal Investigator/Analyst at Chase Manhattan Bank, New York, NY.

    Michael earned his Bachelor of Arts in Spanish, Political Science and Pre-Law from Rutgers University in New Brunswick, along with a summer studies program in Valencia, Spain.  He obtained his Juris Doctor from the Seton Hall Law School, with a concentration in Banking, UCC Business, Trusts and International Law.  Michael is a member of both the New Jersey and New York Bars and holds certifications as a Certified Compliance Manager (ICB), and Certified Regulatory Compliance Manager (CRCM).  In addition to his studies in Spanish, Michael has a working knowledge of Italian.

    About the Company

    Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $6.5 billion and assets under management and/or administration of $11.5 billion as of June 30, 2024.  Founded in 1921, Peapack-Gladstone Bank is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and retail solutions.  Peapack Private, a division of Peapack-Gladstone Bank, offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy.  Together, Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to client service.  Visit http://www.pgbank.com and http://www.peapackprivate.com for more information.

    Contact:  Rosanne Schwab, Peapack-Gladstone Bank, Vice President, Public Relations and Corporate Communications Manager, 500 Hills Drive, Suite 300, Bedminster, NJ  07921 rschwab@pgbank.com, (908) 719-6543.

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    The MIL Network –

  • MIL-OSI: Warrick Beckett Announces Record-Breaking Profits on its AI-Powered Crypto Trading Platform

    Source: GlobeNewswire (MIL-OSI)

    Kent, UK, Oct. 09, 2024 (GLOBE NEWSWIRE) — Warrick Beckett, a leading force in the fintech space, is proud to announce that its cutting-edge AI-powered crypto trading platform has achieved record-breaking profits for its clients, solidifying its position as a global leader in the crypto trading industry. With unmatched accuracy, advanced predictive algorithms, and state-of-the-art machine learning capabilities, Warrick Beckett’s platform is redefining the way investors engage with the volatile crypto markets.

    Record-Breaking Success for Clients

    In a financial climate marked by uncertainty and rapid changes in cryptocurrency values, Warrick Beckett’s AI-driven platform has consistently provided users with reliable market insights and impressive returns. Over the past quarter, clients have reported unprecedented profit margins, with the platform delivering optimal trade signals that significantly outperform traditional methods. The success of Warrick Beckett‘s AI-powered solution represents a leap forward for both institutional and retail traders looking to capitalize on the rapidly evolving crypto market.

    Innovative AI Technology Sets Warrick Beckett Apart

    At the heart of Warrick Beckett’s success is its innovative AI technology, which continuously analyzes vast amounts of data from across the globe in real time. The platform processes historical trends, market patterns, and global economic events to predict the most advantageous entry and exit points for traders. This AI-powered approach provides an edge that human traders simply cannot match, allowing users to make data-driven decisions that maximize profits while minimizing risk.

    “Cryptocurrency markets are notoriously volatile, but our AI has been designed to adapt and thrive in this environment,” said the CEO of Warrick Beckett. “Our clients trust us because we deliver results. By harnessing the power of artificial intelligence, we provide traders with a tool that enables them to stay ahead of market trends and seize profit opportunities that were previously unreachable.”

    Empowering Traders of All Levels

    Warrick Beckett’s platform is designed to be accessible to traders of all experience levels. Whether a seasoned professional or someone entering the crypto trading space for the first time, the platform provides easy-to-understand insights, clear trading signals, and an intuitive user interface. This accessibility, combined with the proven track record of AI success, is why Warrick Beckett is becoming the go-to choice for anyone looking to enter the elite world of cryptocurrency trading.

    “Our mission has always been to make cryptocurrency trading accessible to everyone while giving our users the best possible tools for success,” the CEO added. “The results speak for themselves—our AI has opened doors for our clients to achieve record-breaking profits in an unpredictable market.”

    Staying Ahead in a Rapidly Changing Market

    As the crypto market continues to evolve, Warrick Beckett remains committed to staying on the cutting edge of technology and innovation. The platform is regularly updated with the latest advancements in AI and machine learning to ensure clients are always one step ahead. By continuously improving its algorithms and incorporating new market data, Warrick Beckett’s platform remains a critical asset for traders looking to capitalize on emerging opportunities.

    “Our AI’s ability to learn and adapt to market conditions is what sets us apart from the competition,” explained the CEO. “We don’t just react to changes—we anticipate them. Our clients can trade confidently, knowing they have a system that not only understands current trends but also predicts what’s coming next.”

    Warrick Beckett’s Call to Action

    With its AI-powered platform driving record profits, Warrick Beckett is calling on traders, both novice and experienced, to join the crypto elite. The future of cryptocurrency trading lies in the seamless integration of AI technology, and Warrick Beckett is leading the charge. Traders who want to maximize their earning potential while leveraging cutting-edge tools are encouraged to sign up and start trading today.

    As the financial world embraces the digital economy, there has never been a better time to harness the power of artificial intelligence to optimize cryptocurrency trading strategies. Warrick Beckett’s AI-powered platform has proven itself as a game-changer, and traders worldwide are already reaping the rewards.

    Start Trading with Warrick Beckett Today

    Don’t miss the opportunity to join the ranks of traders benefiting from Warrick Beckett’s revolutionary platform. With record-breaking profits and industry-leading technology, the path to financial success has never been clearer. Visit Warrick Beckett to learn more and start your journey toward becoming a member of the crypto elite. The future of trading is here—are you ready to seize it?

    The MIL Network –

  • MIL-OSI: Trawick International Wins 2024 Magellan Award for Travel Insurance – Overall Product for Travel Services

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 09, 2024 (GLOBE NEWSWIRE) — Trawick International, a leading global insurance provider, is proud to announce that it has been awarded a Silver Magellan Award by Travel Weekly in the category of Travel Insurance – Overall Product for Travel Services.

    The award-winning product is Safe Travels AnyReason, Trawick International’s latest trip cancellation offering. This plan includes Cancel for Any Reason (CFAR) coverage at no additional cost—an industry first—providing travelers with unmatched flexibility and cancellation coverage.

    Daryl Trawick, President and CEO of Trawick International, said, “We are thrilled to receive the Silver Magellan Award from Travel Weekly. At Trawick International, we continuously innovate to meet the evolving needs of our customers while advancing the travel insurance industry. Safe Travels AnyReason is a testament to our commitment to both. We are honored to be recognized alongside such an esteemed group of winners. Congratulations to all.”

    The Magellan Awards celebrate excellence in design, marketing, and services across various industry segments, including hospitality, travel destinations, cruise lines, online travel services, airlines, travel agents, tour operators, and ground transportation.

    This marks the company’s first time entering the Magellan Awards. To learn more about the winning product, Safe Travels AnyReason, visit trawickinternational.com.

    About Travel Weekly:
    Travel Weekly is the most influential provider of news, research, opinion and analysis to the North American travel trade marketplace. It reaches a broad industry audience in print, online and with face- to-face events throughout the year. Travel Weekly is a part of Northstar Travel Group, the leading B-to-B media company providing information and marketing solutions for the global travel industry. Northstar Travel Group is based in Rutherford, NJ, and more information is available at northstartravelgroup.com

    About Trawick International
    For more than 25 years, Trawick International has been a leading provider of international insurance, administration, and other assistance services. The company offers a full suite of innovative products and services designed to support today’s globally mobile population. For more, visit trawickholdings.com.

    Media Contact
    Melissa Nicholson        
    Director of Corporate Communications
    Trawick International        
    +1-949-275-7246        
    Melissa.Nicholson@trawickinternational.com

    The MIL Network –

  • MIL-OSI: LPL Financial Announces Third Quarter 2024 Earnings Release Date and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) — LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), the parent corporation of LPL Financial LLC, announced today it will report third quarter financial results after the market closes on Wednesday, October 30. The Company will host a conference call to discuss its results at 5 p.m. ET the same day.

    The conference call will be accessible and available for replay at investor.lpl.com/events.

    Contacts

    Investor Relations
    investor.relations@lplfinancial.com

    Media Relations
    media.relations@lplfinancial.com

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm 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 (“RIA”) 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.

    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.

    The MIL Network –

  • MIL-OSI: Encore Capital Group to Announce Third Quarter 2024 Financial Results on November 6

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) — Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the third quarter 2024 on Wednesday, November 6, 2024, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.

    Members of the public are invited to access the live webcast via the Internet by logging in on the Investor Relations page of Encore’s website at http://www.encorecapital.com. To access the live conference call by telephone, please pre-register using this link. Registrants will receive confirmation with dial-in details.

    For those who cannot listen to the live broadcast, a replay of the webcast will be available on the Company’s website shortly after the call concludes.

    About Encore Capital Group, Inc.

    Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services for consumers across a broad range of financial assets. Through its subsidiaries around the globe, Encore purchases portfolios of consumer receivables from major banks, credit unions, and utility providers.

    Encore partners with individuals as they repay their debt obligations, helping them on the road to financial recovery and ultimately improving their economic well-being. Encore is the first and only company of its kind to operate with a Consumer Bill of Rights that provides industry-leading commitments to consumers. Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P Small Cap 600 and the Wilshire 4500. More information about the company can be found at http://www.encorecapital.com.

    Contact:
    Bruce Thomas
    Encore Capital Group, Inc.
    bruce.thomas@encorecapital.com

    SOURCE: Encore Capital Group, Inc.

    The MIL Network –

  • MIL-OSI: FormFactor to Announce Third Quarter 2024 Financial Results on October 30th

    Source: GlobeNewswire (MIL-OSI)

    LIVERMORE, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) — FormFactor, Inc. (Nasdaq: FORM) will report financial results for its 2024 fiscal third quarter on Wednesday, October 30th, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor’s conference call on the Investors section of the company’s web site at www.formfactor.com.

    To Listen via Telephone: Preregistration is required.  Please preregister by clicking here.

    Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN.

    A replay of the conference call will be available approximately two hours after the conclusion of the call. The replay will be available on the Investors section of our website http://www.formfactor.com.

    About FormFactor:
    FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design de-bug to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at http://www.formfactor.com.

    Investor Contact
    Stan Finkelstein
    Investor Relations
    (925) 290-4273
    ir@formfactor.com

    FORM-F

    The MIL Network –

  • MIL-OSI: Launch Two Acquisition Corp. Completes $230 Million Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, Oct. 09, 2024 (GLOBE NEWSWIRE) — Launch Two Acquisition Corp. (the “Company”) announced today the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000.

    The Company’s units began trading on October 8, 2024 on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “LPBBU.” Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “LPBB” and “LPBBW,” respectively.

    Of the proceeds received from the consummation of the initial public offering (including the exercise of the over-allotment option) and a simultaneous private placement of warrants, $231,150,000 (or $10.05 per unit sold in the offering) was placed in trust.

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies. The Company will pursue completing a business combination with an established business of scale poised for continued growth, led by a highly regarded management team.

    The Company’s management team is led by James J. McEntee III, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and Jurgen van de Vyver, its Chief Financial Officer. The Board also includes Lynn Eisenhart, Jeffrey M. Shanahan, and Alfred J. Pierce III.

    Cantor Fitzgerald & Co. acted as sole book-running manager for the offering.

    A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on October 7, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    FORWARD-LOOKING STATEMENTS

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, http://www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contact:

    Launch Two Acquisition Corp.
    Jurgen van de Vyver
    jurgen@launchpad.vc
    (510) 692-9600

    The MIL Network –

  • MIL-OSI: Andrew Cardno, CTO of Quick Custom Intelligence, Receives Prestigious Lifetime Achievement Award from Gaming & Leisure

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) — Quick Custom Intelligence (QCI) is proud to announce that its Chief Technology Officer, Andrew Cardno, has been honored with the prestigious Lifetime Achievement Award by Gaming & Leisure, in recognition of his exceptional contributions to the gaming and hospitality industries over the course of his career.

    Andrew Cardno, a seasoned technology leader with over 25 years of experience, has been at the forefront of driving technological advancements in gaming analytics, artificial intelligence, and business intelligence systems. His innovative work has transformed the way gaming operators leverage data to improve decision-making, optimize operations, and enhance the customer experience.

    “It is an incredible honor to receive this recognition from Gaming & Leisure. I have dedicated much of my career to pushing the boundaries of what’s possible with data and technology in the gaming industry, and this award reflects the collective effort of my team at QCI and our partners across the sector,” said Andrew Cardno, CTO of Quick Custom Intelligence.

    Jeannie Caruso, CEO of Gaming & Leisure, praised Cardno’s impact across industries, stating, “Andrew is a rare and amazing human. The terms innovative and disruptive have been incredibly over-used, however, Andrew is the type of genius that actually brings innovative, disruptive and broad solutions to not only our industry, but many industries. He’s often sought after by vendors and properties alike for counsel on complex challenges they face. His passion extends beyond the walls of business to a role he’s devoted many years to as a Science Olympiad Coach to pass his incredible gift on to middle and high schoolers who compete in a broad range of science-related challenges. The world needs more Andrews, and it was my great honor to present him with the Lifetime Achievement Award this year, while still knowing he’ll bring boundless innovation to us far past this award.”

    The Lifetime Achievement Award is awarded annually by Gaming & Leisure to individuals who have made substantial and lasting contributions to the gaming, hospitality, and entertainment industries. Cardno’s career is highlighted by a series of innovations, including the development of cutting-edge solutions that have enabled gaming operators to better understand their customers and optimize business strategies.

    With this award, Andrew Cardno joins an elite group of industry pioneers whose work has had a profound and enduring impact on the gaming industry.

    About Quick Custom Intelligence (QCI)

    Quick Custom Intelligence (QCI) is the pioneer behind the QCI Player, an artificial general intelligence platform that seamlessly integrates player development, marketing, and gaming operations with real-time tools designed for the gaming and hospitality industries. Our advanced, highly configurable software is deployed in over 250 casino resorts across North America, Australia, New Zealand, Canada, Latin America, and The Bahamas. The QCI Player, managing over $35 billion in annual gross gaming revenue, serves as a best-in-class solution for on-premises, hybrid, or cloud-based operations, enabling coordinated activities across all aspects of gaming and hospitality. QCI’s data-driven, AGI-powered software facilitates swift, informed decision-making, vital in the ever-changing casino industry, optimizing resources, crafting effective marketing campaigns, and enhancing customer loyalty. QCI was co-founded by Dr. Ralph Thomas and Mr. Andrew Cardno and is headquartered in San Diego, with additional offices in Las Vegas, St. Louis, Dallas, and Tulsa. For more information, contact us at http://www.quickcustomintelligence.com.

    About Andrew Cardno

    Andrew Cardno is a distinguished figure in the field of artificial intelligence and data plumbing, with over two decades of experience leading private Ph.D. and master’s level research teams. His expertise has made significant contributions to data tooling, including groundbreaking innovations like the deep zoom image format, now a cornerstone in many mapping tools. Andrew’s leadership has earned him two Smithsonian Laureates and garnered 40 industry awards, including three pivotal gaming industry transformation awards. Co-founding Quick Custom Intelligence with Dr. Ralph Thomas, Andrew holds over 150 patent applications and has made a profound impact across various industries, from telecommunications and retail to the medical sector. He is also a prolific author, contributing to over 100 industry publications and co-authoring eleven influential books with Dr. Thomas. Andrew advocates for community and diversity and has made a significant impact on over 100 Native American Tribal Resorts, reflecting his expansive and inclusive professional endeavors.

    About Gaming & Leisure

    Gaming & Leisure® (G&L) is an organization dedicated to the betterment of the gaming and hospitality industry. G&L provides influential insights, best practices and brings together leading operators and the business partners who serve them, to collaborate and shape the landscape of operations each year. For over 20 years the annual G&L Roundtable seeks to initiate meaningful change in our industry by the very people who can foster that change. The G&L Forum is a North American leadership congress on innovation, AI and cybersecurity serving as a guide post for the industry. The G&L Community’s greatest asset continues to be its dedicated leadership representing a vast majority of domestic gaming and hospitality spend, and the new terrain they carve for us all to lead well. Visit http://www.mygamingandleisure.com.

    Contact:
    Laure Kay, Quick Custom Intelligence
    Phone: 858-349-8354

    The MIL Network –

  • MIL-OSI: CORRECTION — Commercial insurance market projects stability as rates moderate across most lines of business

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by Willis Towers Watson US LLC (Nasdaq: WTW), please note that the inaccurate ‘Key Price Predictions for 2024’ table has been removed. The corrected release is as follows:

    According to the latest Insurance Marketplace Realities report from WTW (Willis Towers Watson, NASDAQ: WTW), a leading global advisory, broking and solutions company, commercial insurance rates have demonstrated balance and stability throughout the year across North America. Jon Drummond, Head of Broking, North America, WTW, commented, “The industry has not categorically rewritten its position on any one line of business, but rather has taken micro-actions reacting to emerging trends.”

    WTW reports that new capital in both the reinsurance and retail marketplace has led to increased competition for premium market share, excluding umbrella and excess liability. This trend has played out across the industry, which is particularly meaningful in 1st party business where capacity was a challenge at the outset of 2024.

    Capacity remains a driving force in delivering soft market conditions for financial lines. While WTW advises that it may be premature to call it a trend, there appears to be mounting focus on rate adequacy in mid-excess Directors & Officers Liability. In addition, the Cyber market projects flat to mid-single digit rate decreases across most renewals in the near term.

    In casualty, Umbrella & Excess liability has seen the most amount of disruption. Loss costs continue to rise due to factors including legal system abuse, litigation financing, and the growth of concerns such as forever chemicals, to which the insurance market has responded by reducing lines of capacity available to insureds and pushing renewal rates past high single digit.

    WTW’s Marketplace Realities report concludes that while the industry is facing evolutionary change across many lines of business – e.g. climate change, nuclear verdicts, new capital entrants, etc. – the market should deliver relatively stable renewal conditions across most lines of business as the year comes to a close.

    Drummond added, “It goes without saying that the current state of affairs might only be one major hurricane away from being upended, and with Milton knocking on the door, the probability of disruption is growing.”

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.

    Media Contacts

    Douglas Menelly, Public Relations Lead, North America
    Douglas.Menelly@wtwco.com | +1 (516) 972 0380

    Arnelle Sullivan, Public Relations Associate, North America
    Arnelle.Sullivan@wtwco.com | +1 (718) 208-0474

    The MIL Network –

  • MIL-OSI: Ontario’s Elevate Condo Towers Change Hands Mid-Completion

    Source: GlobeNewswire (MIL-OSI)

    KITCHENER, Ontario, Oct. 09, 2024 (GLOBE NEWSWIRE) — Canadian mortgage lender Dorr Capital Corporation, ELM Developments, and BC’s Gentai Capital Corporation teamed up to acquire mid-rise condominium project from 1776411 Ontario Ltd. for approximately $75 million with hopes to aid the country’s housing crisis.

    Located at 1333 Weber Street East in Kitchener, Ontario, the proposed 4-tower Elevate project stands under construction to complete a 15 Storey Tower A & Tower B and 12 storey Tower C & D with a commercial component attached. The project was slated to bring 622 new homes to market by 2029, before facing a string of cost overruns and failing to service the loan in Canada’s rising interest rate and construction costs environment.

    The project has a total land area of 3.60 acres and was originally rezoned in 2016. Building A, which is halfway through construction is a 15-storey building with a total of 177 residential dwelling units. Similarly, Building B is approved for a 15-storey tower with 193 residential units, and Building C & D are both 12-storeys, providing commercial space as well as 159 and 93 residential units, respectively.

    “While our plan is to develop all four towers as quickly as possible, our primary focus is to complete the existing tower that stands 65% complete and save the existing sales,” says Brian Dorr, CEO of Dorr Capital Corporation. “We already know we’ll have to reassess the sales strategy for one of the other towers and rental is not off the table.”

    Construction and misspending appeared to be the primary culprit in the project’s initial demise. To ensure the success of this project, it would require significant restructuring of financing, a complex sales strategy, and adequate development of the project. Vancouver’s Gentai Capital Corporation will adopt the role of majority stakeholder by providing a loan on the property, while Dorr Capital focuses on facilitating the transaction alongside ELM Forward, a division of ELM Developments that specializes in the construction and development of distressed assets.

    “Relationships and context play an integral part of saving a project,” explains Dorr. “We not only understood the project coming in, but we also knew the dynamics, and the players involved. We developed a degree of trust and empathy for the existing stakeholders during the initial default phase, which made it easier to come up with a win-win solution.”

    Partner Dorr Capital spent over 10 months and countless hours assessing all downsides of this deal to mitigate and fix it with the original partner before constructing the acquisition. Now, equipped with a new team, they have enlisted an improved management structure and are better positioned with access to funding to complete it. “This complex deal required attention to detail and thorough due diligence. Reaching a favourable outcome is possible when you work with competent groups who are committed to achieving a win-win scenario rather than focusing solely on profits.”

    “Successful real estate ventures thrive on collaboration, transparent communication, share vision and steadfast focus on leveraging our strengths—opening the door to limitless possibilities,” says Michael Yeung, Executive Vice President, Lending at Gentai Capital.

    “With this new team of construction and development experts, we as partners have a clear vision forward,” says Elliot Steiner, President at ELM Developments, “We’re proud to provide over 600 much-needed housing units to the community of Kitchener and are committed to conducting good business to move this project forward.”

    “In these delicate and vulnerable situations, it’s better to work as a team, refrain from being greedy, and focus on turning a normal profit. We see considerable upside in sales revenue and would like to capitalize and revive this project to benefit the partnership group and support in dealing with the housing crisis,” concludes Dorr.

    The deal was officially approved by the courts on October 8th, 2024 and is anticipated to close this month.

    About Dorr Capital

    Dorr Capital is Ontario’s trusted commercial real estate financing company. Facilitating +$3Billion dollars in loan servicing, the firm provides viable borrowing solutions for the purchase of land to fuel much needed new home construction in the region. Since 2011, Dorr Capital and its network of lenders have evolved its operations as a traditional loan brokerage to include mortgage loan servicing, syndicated mortgage investments, and CMHC approved loans to meet the growing needs of the Canadian population and of our valued partners.

    About Gentai Capital Corporation

    Gentai Capital is a leading Canadian alternative investment manager, offering value-added real estate financing solutions coast to coast. With a national portfolio of residential and commercial real estate mortgage loans, and a diversified pipeline of lending opportunities, our scope and scale distinguish us as an integrated asset manager and one of the fastest-growing companies in Canada.

    About ELM Forward

    ELM Forward is a division of the ELM Developments Group, specializing in the development and construction for distressed assets. The team brings over 30 years of experience in problem-solving for distressed real estate assets, delivering customized solutions from acquisition to completion. To date, they have developed and managed more than 55 projects across Canada and the U.S., covering multiple asset classes. They have delivered 6,300 residential units and 900,000 square feet of commercial space, exceeding a combined value of $4 billion.

    Media Contact:
    Britainny Hari
    Founder, Dual Agency Inc.
    brit@thedualagency.ca
    (778) 686-9711

    The MIL Network –

  • MIL-OSI: Climb Global Solutions Sets Third Quarter 2024 Conference Call for October 31, 2024 at 8:30 a.m. ET

    Source: GlobeNewswire (MIL-OSI)

    EATONTOWN, N.J., Oct. 08, 2024 (GLOBE NEWSWIRE) — Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, October 31, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. The Company’s results will be reported in a press release prior to the call.

    Climb’s management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call by emailing CLMB@elevate-ir.com.

    Date: Thursday, October 31, 2024
    Time: 8:30 a.m. Eastern time
    Toll-free dial-in number: (800) 274-8461
    International dial-in number: (203) 518-9814
    Conference ID: CLIMB
    Webcast: Climb’s Q3 2024 Conference Call

    If you have any difficulty registering or connecting with the conference call, please contact Elevate IR at (720) 330-2829.

    The conference call will also be available for replay on the investor relations section of the Company’s website at http://www.climbglobalsolutions.com.

    About Climb Global Solutions

    Climb Global Solutions, Inc. (NASDAQ:CLMB) is a value-added global IT distribution and solutions company specializing in emerging and innovative technologies. Climb operates across the US, Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter and Climb Global Services. The Company provides IT distribution and solutions for companies in the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.

    Additional information can be found by visiting http://www.climbglobalsolutions.com.

    Company Contact

    Drew Clark
    Chief Financial Officer
    (732) 389-0932
    Drew@ClimbGS.com

    Investor Relations Contact

    Sean Mansouri, CFA
    Elevate IR
    (720) 330-2829
    CLMB@elevate-ir.com

    The MIL Network –

  • MIL-OSI: BigCommerce to Announce Third Quarter 2024 Financial Results on November 7, 2024

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Oct. 08, 2024 (GLOBE NEWSWIRE) — BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced it will report its financial results for the third quarter ended September 30, 2024, before market open on Thursday, November 7, 2024.

    The financial results and business highlights will be discussed on a conference call and webcast scheduled at 7:00 a.m. CT (8:00 a.m. ET) on Thursday, November 7, 2024. The conference call can be accessed by dialing (833) 634-1254 from the United States and Canada or (412) 317-6012 internationally and requesting to join the “BigCommerce conference call.” The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at http://investors.bigcommerce.com.

    Following the completion of the call through 11:59 p.m. ET on Thursday, November 14, 2024, a telephone replay will be available by dialing (877) 344-7529 from the United States, (855) 669-9658 from Canada or (412) 317-0088 internationally with conference ID 1719588. A webcast replay will also be available at http://investors.bigcommerce.com for 12 months.

    About BigCommerce

    BigCommerce is a leading open SaaS and composable ecommerce platform that empowers brands and retailers of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Burrow, Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit http://www.bigcommerce.com or follow us on X and LinkedIn.

    BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.

    The MIL Network –

  • MIL-OSI: Global Pharma Selects Kneat to Digitize Computer System Validation

    Source: GlobeNewswire (MIL-OSI)

    LIMERICK, Ireland, Oct. 08, 2024 (GLOBE NEWSWIRE) — kneat.com, inc. (TSX: KSI) (OTC: KSIOF), a leader in digitizing validation and quality processes, is pleased to announce that a global pharmaceutical company has signed a three-year Master Services Agreement with Kneat to digitize its validation processes.

    Headquartered in Germany with over 11,000 employees across more than a dozen facilities, the company is a trusted maker of household consumer health care brands and generic and specialty pharmaceuticals for customers in over 120 countries. The company selected Kneat as their corporate solution after a comprehensive evaluation process. The company’s goal is to enhance the efficiency, accuracy, and compliance of complex validation processes across its global operations, starting with Computer System Validation (CSV).

    “This announcement further demonstrates Kneat’s leadership position across the full Validation spectrum,” said Eddie Ryan, Chief Executive Officer of Kneat. “We look forward to supporting this company to achieve harmonization for all their validation processes on a single platform.”

    About Kneat

    Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. We lead the industry in customer satisfaction with an unblemished record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end. Kneat Gx is fully ISO 9001 and ISO 27001 certified, fully validated, and 21 CFR Part 11/Annex 11 compliant. Multiple independent customer studies show a 40% or more reduction in validation cycle times, nearly 20% faster speed to market, and 80% reduced changeover time.

    Cautionary and Forward-Looking Statements

    Except for the statements of historical fact contained herein, certain information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information includes, but is not limited to, the relationship between Kneat and the customer, Kneat’s business development activities, the use and implementation timelines of Kneat’s software within the customer’s validation processes, the ability and intent of the customer to scale the use of Kneat’s software within the customer’s organization and the compliance of Kneat’s platform under regulatory audit and inspection. While such forward-looking statements are expressed by Kneat, as stated in this release, in good faith and believed by Kneat to have a reasonable basis, they are subject to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties.

    Kneat does not undertake any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at an investor’s own risk.

    For further information:

    Katie Keita, Kneat Investor Relations
    P: + 1 902-450-2660
    E: investors@kneat.com 

    The MIL Network –

  • MIL-OSI: QCI and Context Networks Partner to Explore a New Revenue Stream in the Digital Marketplace

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 08, 2024 (GLOBE NEWSWIRE) — Quick Custom Intelligence (QCI), a leading provider of data activation solutions for the gaming and hospitality industries, today announced a reactivation of their partnership with Context Networks to explore new opportunities for casinos to generate revenue through the global digital marketplace. By integrating Context Networks’ advanced Contextual Promotions Media Network™ (CPMN) into the latest version of QCI’s Enterprise Platform (AGI55), casinos can potentially monetize screentime on player devices by offering it to advertisers.

    This collaboration enables casinos to sell advertising space based on player engagement levels, with revenue tied to the duration of ads displayed on secondary gaming screens. With high levels of player interaction, this previously untapped resource presents a substantial revenue opportunity for operators.

    The partnership merges Context Networks’ expertise in delivering dynamic, personalized content with QCI’s powerful data activation and artificial intelligence capabilities. This synergy allows casinos to leverage real-time data to enhance the gaming experience, drive customer engagement, improve retention, and optimize marketing efforts.

    If new revenue streams are of interest to your organization and you have HTML compliant secondary screens, please reach out and see if you are good fit to test this new innovation.

    “Context Networks has consistently been at the forefront of customer engagement and advertising technology within the gaming industry,” said Matthew Olden, CEO of Context Networks. “Our collaboration with QCI enhances the guest experience by incorporating personalized advertising, boosting customer interaction, and delivering a strong return on investment for casino operators.”

    Andrew Cardno, Chief Technology Officer of QCI, added, “I am excited to support this innovation, as it holds significant potential. Our mission has always been to provide casinos with the most advanced tools available. By integrating Context Networks’ cutting-edge advertising technology into our QCI Enterprise Platform AGI55, we are offering an unprecedented value proposition to our customers, empowering them to enhance guest engagement and achieve operational excellence.”

    ABOUT Context Networks
    Context Networks, Inc. is a premier programmatic advertising platform that leverages private blockchain technology to deliver transparent, secure, and efficient advertising solutions for the global gaming industry. The company’s platform focuses on three key gaming segments: casino, lottery operators, and iGaming platforms. Context Networks is committed to driving innovation and creating value for its clients through advanced technology and strategic partnerships. For more information, visit http://www.contextnetworks.net.

    ABOUT QCI
    Quick Custom Intelligence (QCI) has pioneered the revolutionary AGI Platform, an artificial intelligence platform that seamlessly integrates player development, marketing, and gaming operations with powerful, real-time tools designed specifically for the gaming and hospitality industries. Our advanced, highly configurable software is deployed in over 250 casino resorts across North America, Australia, New Zealand, Canada, Latin America, and The Bahamas. The QCI AGI Platform, which manages more than $24 billion in annual gross gaming revenue, stands as a best-in-class solution, whether on-premises, hybrid, or cloud-based, enabling fully coordinated activities across all aspects of gaming or hospitality operations. QCI’s data-driven, AI-powered software propels swift, informed decision-making vital in the ever-changing casino industry, assisting casinos in optimizing resources and profits, crafting effective marketing campaigns, and enhancing customer loyalty. QCI is based in San Diego, with additional Las Vegas, St. Louis, Denver, Dallas, and Tulsa offices. Visit us at http://www.quickcustomintelligence.com.

    About Andrew Cardno
    Andrew Cardno is a distinguished figure in artificial intelligence and data plumbing. With over two decades spearheading private Ph.D. and master’s level research teams, his expertise has made significant waves in data tooling. Andrew’s innate innovation ability has led him to devise numerous pioneering visualization methods. Of these, the most notable is the deep zoom image format, a groundbreaking innovation that has since become a cornerstone in most mapping tools. His leadership acumen has earned him two coveted Smithsonian Laureates, and teams under his mentorship have clinched 40 industry awards, including three pivotal gaming industry transformation awards. He co-founded Quick Custom Intelligence with Dr. Ralph Thomas, amplifying their collaborative, innovative capacities. A testament to his inventive prowess, Andrew boasts over 150 patent applications. Across various industries—be it telecommunications with Telstra Australia, retail with giants like Walmart and Best Buy, or the medical sector with esteemed institutions like City Of Hope and UCSD—Andrew’s impact is deeply felt. He has enriched the literature with insights, co-authoring eight influential books with Dr. Thomas and contributing to over 100 industry publications. An advocate for community and diversity, Andrew’s work has touched over 100 Native American Tribal Resorts, underscoring his expansive and inclusive professional endeavors.

    Contact:
    Laurel Kay, Quick Custom Intelligence
    Phone: 858-349-8354

    The MIL Network –

  • MIL-OSI: Element to Announce Q3 2024 Results and Host Conference Call on November 14, 2024

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 08, 2024 (GLOBE NEWSWIRE) — Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, will hold its Q3 2024 results conference call and webcast for investors and analysts on Thursday, November 14, 2024 at 8:00 a.m. Eastern Time. Element’s financial results for the period will be issued after market close on Wednesday, November 13, 2024 and will be available on the Company’s website at elementfleet.com/investor-relations/public-disclosures.

    The conference call and webcast can be accessed as follows:

    Call Date: Thursday, November 14, 2024
    Call Time: 8:00 a.m. (Eastern Time)

    Webcast:   http://www.elementfleet.com/thirdquarter2024 
    Telephone:   Click here to join the call most efficiently,
    or dial one of the following numbers to speak with an operator:
      Canada/USA toll-free: 1-844-763-8274
      International: +1-647-484-8814

    The webcast will be available on the Company’s website for three months thereafter. A taped recording of the conference call may be accessed through December 14, 2024 by dialing 1-855-669-9658 (Canada Toll Free) or 1-412-317-0088 (International Toll) and entering the access code 8023973.

    About Element Fleet Management Corp.

    Element Fleet Management (TSX: EFN) is the largest publicly traded, pure-play automotive fleet manager in the world, providing the full range of fleet services and solutions to a growing base of loyal, world-class clients – corporations, governments, and not-for-profits – across North America, Australia, and New Zealand. Element’s services address every aspect of clients’ fleet requirements, from vehicle acquisition, maintenance, accidents and remarketing, to integrating EVs and managing the complexity of gradual fleet electrification. Clients benefit from Element’s expertise as one of the largest fleet solutions providers in its markets, offering economies of scale and insight used to reduce fleet operating costs and improve productivity and performance. For more information, visit elementfleet.com/investor-relations.

    The MIL Network –

  • MIL-OSI: Canoe EIT Income Fund Announces 2024 Voluntary Cash Redemption

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 08, 2024 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (“Canoe” or the “Fund”)(TSX – EIT.UN) today announced the 2024 voluntary cash redemption.

    Voluntary Annual Cash Redemption

    The redemption date for the Fund’s annual voluntary cash redemption will be December 6, 2024. Unitholders are entitled to redeem units of the Fund at a price equal to 95% of the Average Net Asset Value (NAV) of the three trading days preceding the December 6, 2024 redemption date, less direct costs. Direct costs are expected to be less than 1%. If all redemption requests exceed 10% of the aggregate outstanding units of the Fund on November 15, 2024, the final day to submit units for redemption, the Fund will process redemptions to this maximum on a pro-rata basis based on the total number of units tendered. Payment for units that have been tendered and accepted for redemption will be made on or before December 31, 2024.

    Unitholders wishing to redeem their units must provide notice of their intent to do so with their investment advisor or brokerage office no later than November 15, 2024. Please note that investment firms may impose an earlier deadline in order to facilitate the processing of redemption requests. Unitholders are strongly urged to consult their investment advisor or brokerage office directly to confirm their internal deadlines. Registered unitholders (those who hold a physical share certificate in their name) should contact the Fund’s transfer agent, Alliance Trust Company, at 1-877-537-6111 to redeem their units. Units that have been submitted for redemption will remain eligible for the October 2024 and November 2024 distributions, which are paid in November 2024 and December 2024, respectively.

    Please note that any redemption requests made by non-resident unitholders may be subject to withholding tax.

    Key Dates

    October 8 – November 15, 2024 Unitholders may tender units for redemption
    December 3,4,5 2024 Redemption price determined based on Average NAV of these trading days
    December 6, 2024 Redemption date
    December 31, 2024 Payment of redemption proceeds on or before this date
       

    About Canoe EIT Income Fund

    Canoe EIT Income Fund is one of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbol EIT.UN, and is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer, Canoe Financial.

    About Canoe Financial

    Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing approximately $18.0 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

    Contact
    Investor Relations
    1–877–434–2796
    info@canoefinancial.com

    Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

    The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit. A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the fund’s ability to generate future income. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the Fund on http://www.sedar.com before investing. Investment funds are not guaranteed and past performance may not be repeated. This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.

    The MIL Network –

  • MIL-OSI: Norwood Financial Corp Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    HONESDALE, Pa., Oct. 08, 2024 (GLOBE NEWSWIRE) —

    James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.30 per share cash dividend, which is payable November 1, 2024, to shareholders of record as of October 18, 2024. The $0.30 per share equals the per share dividend declared in the second quarter of 2024 and represents a 3.5% increase over the cash dividend declared in the third quarter of 2023.

    Mr. Donnelly commented, “The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company’s financial strength and strong capital position which has contributed to our solid performance.”

    Norwood Financial Corp, through its subsidiary, Wayne Bank operates fifteen offices in Northeastern Pennsylvania and fourteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York. As of June 30, 2024, Norwood had total assets of $2.235 billion, loans outstanding of $1.641 billion, total deposits of $1.811 billion and total capital of $182.2 million. The Company’s stock is traded on the Nasdaq Global Market under the symbol “NWFL”.

    Forward-Looking Statements.

    Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

       
    CONTACT: John M. McCaffery
      Executive Vice President and Chief Financial Officer
      NORWOOD FINANCIAL CORP
      (272) 304-3003
      http://www.waynebank.com
       

    The MIL Network –

  • MIL-OSI: ThreeD Capital Inc. Announces New Investor Relations Agreement

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 08, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce today that it has entered into an agreement (the “Agreement”) with PHK Investments LLC (“PHK”) to provide investor relations services to the Company. Pursuant to the Agreement, the Company will pay a fixed monthly fee of £6,875 (approximately $9,356 CAD) (the “Monthly Fee”) and up to £20,000 (approximately $27,218 CAD) in monthly ad spend which includes the use of third-party social media influencers and web-based platforms, if requested by the Company. Additionally, the Company will issue 100,000 stock options exercisable into common shares of ThreeD at an exercise price of $0.90 per share. Half of the options vest in six months and the remaining half vest in 12 months. The stock options will expire two years from the grant date if unexercised.

    PHK is entirely arm’s length to ThreeD. PHK may be contacted at 7 Bell Yard, London, WC2A 2JR, +442089492259, hector@phkinvestments.com. PHK’s services shall be provided through various mediums as may be determined between the parties from time to time, including social media, email, in-person networking, website deliverables, and video development.

    The services provided by PHK are to commence as of October 8, 2024 and will continue for a 12-month term (resulting in an annual fee of £82,500, approximately $112,275 CAD). PHK will engage with investors through various digital marketing and social media platforms, to facilitate greater investor awareness and widespread dissemination of ThreeD Capital’s news.

    Hector, CEO of PHK said, “We are delighted to be further delivering value and strengthening our relationship with ThreeD. We are happy to take options at such a premium to the current stock price, as we believe in the Company and feel it is trading at a discount given its asset value and growth trajectory. We look forward to what the future holds for ThreeD as it continues to expand its portfolio with its promising investments.”

    About ThreeD Capital Inc.

    ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors.  ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

    For further information: 
    Matthew Davis, CPA  
    Chief Financial Officer and Corporate Secretary
    davis@threedcap.com  
    Phone: 416-941-8900

    The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

    Forward-Looking Statements

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to the future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although the Company believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

    The MIL Network –

  • MIL-OSI: (Updated) NANO Nuclear Energy Reinforces its Nuclear Technology and Engineering Team Further with the Addition of Leading Researchers

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced that Professor Andrew W. Woods, Ph.D. and Alejandra de Lara, BSc, MPhil have joined its Nuclear Technology and Engineering Team.

    “It is a pleasure to see our Nuclear Technology and Engineering team grow with the additions of Dr. Woods and Alejandra,” said Prof. Ian Farnan, Lead for Nuclear Fuel Cycle, Radiation and Materials at NANO Nuclear Energy. “Their experience and unique expertise are a timely addition to the team and the next phase of the development of the ‘ODIN’ microreactor.”

    “We are very happy to welcome Dr. Woods and Alejandra to the team,” said Eugene Shwageraus, Lead of Nuclear Reactor Engineering of NANO Nuclear Energy. “The next steps in the development of ‘ODIN’ require a dedicated team of experts to ensure the technology is ready to meet regulatory requirements and progress towards commercialization. I am delighted to work alongside Dr. Woods and Alejandra and develop a portable, secure and reliable solution to the world’s growing energy needs.”

    Dr. Woods’ research focuses on developing simplified mathematical and experimental models to study complex fluid flow and heat transfer processes in single and multiphase flow. Applications of his work span various fields, including the dynamics of explosive volcanic eruptions, geothermal power generation, carbon sequestration, and large scale, subsurface energy storage. In recognition of his contributions, Dr. Woods was elected a Fellow of the Royal Society (FRS) in 2017. He is a Professor in the University of Cambridge.

    Figure 1 – NANO Nuclear Energy Inc. Bolsters its Nuclear Technology and Engineering Team with the Additions of Professor Andrew W. Woods (left) and Alejandra de Lara, BSc, MPhil (right).

    Alejandra de Lara has submitted her Ph.D. for examination at the University of Cambridge. Her Ph.D. project was sponsored by Framatome and focused on adapting fuel behavior prediction codes to molten salt-cooled reactors and analyzing their benefits compared to Light Water Reactors.

    Her research demonstrated several fuel design features that would improve the performance of salt-cooled reactors. High-temperature operation of such reactors enables greater thermodynamic efficiency in power conversion using advanced cycles, while also allowing for the direct use of nuclear heat to drive industrial processes such as synthetic fuel production, hydrogen generation, and district heating.

    “The ‘ODIN’ team has grown rapidly in recent months, and it is a pleasure to welcome Dr. Woods and Alejandra,” said James Walker, Chief Executive Officer, and Head of Reactor Development of NANO Nuclear Energy. “Dr. Woods is an experienced and well-versed leader in the field of complex fluid flow and heat transfer processes and I am certain his skills will be invaluable in the next steps of ‘ODIN’s” development. Similarly, Alejandra has proven herself as a leading young researcher and is the perfect example of the next generation’s excellence in nuclear science.”

    About NANO Nuclear Energy, Inc.

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

    Led by a world-class nuclear engineering team, NANO Nuclear’s products in technical development are “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

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

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

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

    For further information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206
    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:
    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy TWITTER

    Cautionary Note Regarding Forward Looking Statements

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

    Attachment

    The MIL Network –

  • MIL-OSI: OCI Holdings Accelerates Its Presence in Malaysia: Implementing a Targeted Localisation Strategy, including Sponsorship of Sports and Cultural events

    Source: GlobeNewswire (MIL-OSI)

    SEOUL, KOREA, Oct. 09, 2024 (GLOBE NEWSWIRE) — OCI Holdings just announced on October 7 that it has made significant strides in strengthening its relationships with key figures and local residents in Sarawak, Malaysia, the production hub for its solar PV polysilicon.

    • To develop stronger relationships with key figures and local residents in Malaysia, a running event and badminton class were held in late September.
    • Announcing a new slogan ‘Envisioning a healthier future through life science and clean energy’
    • Online and offline training on Malay language and culture were provided for Korean employees in Seoul in late August.

    OCI Holdings plans to enhance its ties with the local community and conduct environmental, social, governance (ESG) activities in Malaysia to support its subsidiary OCI M. These initiatives aim to navigate the challenges posed by global economic uncertainties in the second half of this year, including the potential impact of the U.S. presidential election and U.S. tariffs on China, as well as a potential temporary slowdown in demand in the solar PV industry.

    Fostering stronger relationships with localresidents, led by sports star Lee Yong-dae

    OCI Holdings hosted a one-day badminton class at the Universiti Putra Malaysia (UPM) Bintulu Campus on September 29. The purpose of the event was to nurture young sports talents and promote health among local residents and featured Korean badminton legend Lee Yong-dae from the Leeyongdae Badminton Foundation.

    In the morning, Lee provided one-point lessons to 30 young players recommended by the Bintulu Badminton Association. He focused on various game situations and fundamental techniques, including the serve, smash, forehand step-in, and backhand return. In the afternoon, he engaged in friendly matches with badminton club members and local residents.

    The popular badminton legend drew a crowd of more than 300 spectators who filled the gymnasium with excitement. His star power rivals that of top idols with his widespread appeal.

    Given the widespread popularity of badminton in Malaysia, Indonesia, Thailand, and India, OCI Holdings partnered with Lee in consideration of his influence and expertise.

    Lee Yong-dae, a leading badminton star from Korea who won gold in mixed doubles at the 2008 Beijing Olympics and bronze in men’s doubles at the 2012 London Olympics, was an active player in Indonesia near Sarawak in 2015.

    On September 27, Lee met with young players from Persatuan Badminton Bumiputra Sarawak (PBBS) comprised of ethnic Malays, and provided one-on-one coaching to support their aspirations.

    Joint eco-friendly running event organized with key Sarawak organizations

    OCI Holdings co-hosted the Kuching Green Run 2024 in Kuching, Sarawak, Malaysia on September 28.

    The Kuching Green Run 2024, an inaugural eco-friendly cultural event held to raise community awareness of sustainable renewable energy and climate protection, was organized by the local social enterprise Green Generation in collaboration with OCI Holdings, Dewan Bandaraya Kuching Utara (DBKU), and Sarawak Economic Development Corporation (SEDC).

    Several local companies, including the Malaysian national petroleum company PETONAS and China Communications Construction Company, participated as sponsors.

    The opening ceremony was attended by OCI Holdings Chairman Woo Hyun Lee, OCI M President Seong Gil Choi, and more than 20 key figures from Sarawak, including Sarawak Economic Development Corporation (SEDC) Chairman Tan Sri Datuk Amar Abdul Aziz Husain and State Deputy Minister of Tourism, Creative Industry and Performing Arts of Sarawak Datuk Sebastian Ting Yew.

    Despite the hot and humid weather, Chairman Lee, who had traveled from Seoul for the event, visited every area of the venue, encouraging participants along the way.

    He remarked, “It is meaningful for us to promote a healthy lifestyle with sports and engage with the local community. In line with our motto, ‘Envisioning a healthier future through life science and clean energy,’ OCI M, as a prominent company in Sarawak, will actively participate in various ESG initiatives including cultural events and scholarship programs.”

    On September 30, OCI M donated an ultrasound machine, valued at tens of millions of won, to Sarawak General Hospital in partnership with Sarawak Badan Amal Tenaga Isteri-Isteri (SABATI), a nonprofit charity organization led by the spouses of prominent figures in Sarawak, contributing to healthcare and well-being in the local community.

    In Korea, staff are learning the Malaysian greeting “Salam.”

    OCI Holdings organized a special lecture on Malaysian culture and history for its employees at the headquarters in Jung-gu, Seoul, in late August.

    Professors Ummi Hani Binti Abu Hassan and Kim Dong-hun from the Department of Malay-Indonesian Studies at Hankook University of Foreign Studies conducted the lecture to 100 employees.

    The lecture encompassed Malaysia’s history, its multicultural nature, and business etiquette with sessions streamed online for employees of domestic and international subsidiaries.

    Professor Ummi, a Malaysian, demonstrated the Muslim greeting “salam,” which involves raising the right hand to the left breast and lowering one’s head. Employees followed her example and learned the meaning behind the gesture: “I greet you with my heart.”

    Despite being a predominantly Muslim country, Malaysia is a multicultural state composed of various ethnic groups including Malays (57.9%), Chinese (22.6%), and Indians (6.6%). With this lecture, employees gained valuable insights into these cultural differences. For instance, only Malaysian Muslims have the word “Islam” on their identification cards.

    Yong-sun Cho, team manager of the Strategy Team I of OCI Holdings, who participated in the lecture, said, “It was a valuable opportunity to gain knowledge about Malaysia’s history and cultural nuances that I was previously unaware of. Thanks to the Malaysian lessons I have attended, I can now communicate more effectively with local Malaysians.”

    OCI Holdings has also offered a three-month basic Malaysian conversation course to employees at the team manager level and above starting in June.

    Media Contact

    Brand: OCI Holdings Company Ltd.

    Contact: +82-10-5591-8126

    Email: yunhs@ocihc.co.kr

    Website: https://www.oci-holdings.co.kr/en

    SOURCE: OCI Holdings Company Ltd.

    The MIL Network –

  • MIL-OSI: 2025 Financial Calendar of AS Coop Pank

    Source: GlobeNewswire (MIL-OSI)

    AS Coop Pank has decided the company’s Financial Calendar for the 2025 financial year.

    In 2025 Coop Pank plans to disclose information and organize the general meeting of shareholders according to the following schedule:

    13.02.2025      Q4 2024 and unaudited full year results
    14.02.2025      January results
    12.03.2025      February results
    19.03.2025      Audited Annual Report for 2024
    16.04.2025      General meeting of shareholders
    23.04.2025      Q1 interim results
    13.05.2025      April results
    11.06.2025      May results
    18.07.2025      Q2 interim results
    12.08.2025      July results
    10.09.2025      August results
    22.10.2025      Q3 interim results
    12.11.2025      October results
    10.12.2025      November results

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The number of clients using Coop Pank for their daily banking reached 200,000. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.

    Additional information:
    Paavo Truu
    CFO
    Phone: +372 5160 231
    E-mail: paavo.truu@cooppank.ee

    The MIL Network –

  • MIL-OSI: Sampo plc’s share buybacks 8 October 2024

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 9 October 2024 at 8:30 am EEST

    Sampo plc’s share buybacks 8 October 2024

    On 8 October 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:                

    Sampo plc’s share buybacks Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares* Market (MIC Code)
      3,346 40.69 AQEU        
      44,685 40.68 CEUX
      514 40.72 TQEX
      43,757 40.66 XHEL
    TOTAL 92,302 40.67  

    *rounded to two decimals                

    On 17 June 2024, Sampo announced a share buyback programme of up to a maximum of EUR 400 million in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. On 16 September 2024, the Board of Directors of Sampo plc resolved to increase the share buyback programme to EUR 475 million. The programme, which started on 18 June 2024, is based on the authorisation granted by Sampo’s Annual General Meeting on 25 April 2024.

    After the disclosed transactions, the company owns in total 8,223,916 Sampo A shares representing 1.50 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.

    Details of each transaction are included as an appendix of this announcement.

    On behalf of Sampo plc,
    Morgan Stanley

    For further information, please contact:

    Sami Taipalus
    Head of Investor Relations
    tel. +358 10 516 0030

    Distribution:
    Nasdaq Helsinki
    Nasdaq Stockholm
    Nasdaq Copenhagen
    London Stock Exchange
    The principal media
    FIN-FSA
    DEN-FSA
    http://www.sampo.com

    Attachment

    The MIL Network –

  • MIL-OSI: TomTom provides enhanced navigation to IVECO commercial vehicles

    Source: GlobeNewswire (MIL-OSI)

    • TomTom and IVECO renew their multi-year collaboration, with TomTom’s navigation, maps, and traffic data powering IVECO’s commercial vehicles
    • Leveraging TomTom’s expertise, IVECO provides its customers with an enhanced navigation solution to make logistics safer and more efficient

    AMSTERDAM, Oct. 09, 2024 (GLOBE NEWSWIRE) — TomTom (TOM2), the location technology specialist, has been selected by IVECO, a brand of Iveco Group and a market-leading manufacturer of light, medium, and heavy commercial vehicles, to power its navigation solution in vehicles globally.

    IVECO’s new light commercial vehicle Daily, the electric eDaily, and heavy-duty S-Way truck will come equipped with TomTom’s full stack navigation, featuring maps, custom truck routing, real-time traffic information, and connected services. The solution is further enhanced with advanced connectivity, designed to maximize uptime and enable over-the-air updates, ensuring navigation updates, maintenance, and repair operations are efficient and convenient for drivers and operators. The result is a solution that improves routing accuracy, reduces travel times, and enhances the user experience.

    “We’re excited to expand our collaboration with IVECO to develop new solutions that cater to the ever-evolving needs of fleet drivers and operators, and the logistics industry at large,” said Mike Schoofs, Chief Revenue Officer, TomTom. “By providing businesses with seamless access to up-to-date and precise location data, we enable enhanced navigation for fully electric, mixed, or gas-powered fleets to help optimize their activities.”

    “At IVECO, we continually strive to enhance our service offering to provide complete mobility solutions that cater to our customers’ specific needs,” said Lorenzo Marangio, Head of Service Solutions, IVECO. “By leveraging TomTom’s industry-leading maps, navigation software, and traffic insights, we can offer an advanced navigation solution tailored to better optimize fleet deliveries, improve the driver experience, and increase our customer’s overall business productivity.”

    About TomTom: 

    Billions of data points. Millions of sources. Thousands of communities.

    We are the mapmaker bringing it all together to build the world’s smartest map. We provide location data and technology to drivers, carmakers, businesses and developers. Our application-ready maps, routing, real-time traffic, APIs and SDKs empower the dreamers and doers to move our world forward.

    Headquartered in Amsterdam with 3,700 employees around the globe, TomTom has been shaping the future of mobility for over 30 years.

    http://www.tomtom.com

    For further information:

    Media Relations

    mediarelations@tomtom.com

    Investor Relations 

    ir@tomtom.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2e5d7189-7035-4b6e-892b-d8502c756a35

    The MIL Network –

  • MIL-OSI: Australia’s TPG Telecom Taps Mavenir to Boost Voice Security For Mobile Users and Block AI-Driven Scam Calls

    Source: GlobeNewswire (MIL-OSI)

    RICHARDSON, Texas, Oct. 09, 2024 (GLOBE NEWSWIRE) — Mavenir, the Network Software Provider building the future of networks with cloud-native solutions that run on any cloud, today announces that its advanced machine learning (ML) technology is being used by TPG Telecom to protect mobile users from the increasing scourge of AI-driven scam and spam voice calls – resulting in a 280 per cent increase in the number of fraudulent calls being blocked before they reach TPG Telecom customers’ mobile phones.

    The Australian telco is already benefiting from Mavenir’s intelligent SpamShield technology protection for SMS messaging for several years. Mavenir is now supplying its robust, real-time CallShield solution –to protect TPG Telecom’s customers across its Vodafone, TPG, iiNet and felix brands from the nuisance and threat of automated and deepfake voice calls initiated by fraudsters.

    In the first six months of this year, Mavenir’s CallShield technology has blocked almost 19 million fraudulent mobile calls from reaching TPG Telecom’s customers. This equates to blocking 103,000 illicit calls from reaching customers per day, and more than triple the 4.9 million calls blocked in the first half of 2023. This represents some of the highest scam and spam call prevention figures in the industry.

    TPG Telecom also uses Mavenir’s SpamShield platform to stop fraudulent SMS from reaching its mobile users. In the first six months of 2024, Mavenir’s technology blocked more than 59.6 million fraudulent text messages from reaching TPG Telecom’s customers.

    Communication Service Providers (CSPs) globally are facing a constantly evolving flow of unsolicited spam and fraud traffic – across both data and voice services – which is increasingly driven by sophisticated AI techniques, making it very difficult to detect and control. In addition to creating a poor experience for users and significant revenue losses for operators, a 2022 report by the Australian Competition and Consumer Commission highlighted that phone scams cost Australians a concerning A$141 million in losses. The Australian Communications and Media Authority (ACMA), the regulator of the country’s telecommunications system, is spearheading industry action to crack down on spam and scam calls and ensure that consumers are adequately protected – enforcing regulatory compliance from operators and supporting the roll-out of effective security solutions from technology vendors. Mavenir’s CallShield solution uses real-time machine learning technology to carry out automated security analysis and proactive defense across voice services – helping operators to stay one step ahead of the scammers. The CallShield solution provides CSPs with 360-degree control to effectively address specific situations within their networks with unrivalled speed and flexibility. While traditional detection and prevention techniques are based on deterministic rules that can be easily detected and bypassed, CallShield’s ML detection algorithms with built-in intelligence adapt to current network conditions and subscriber behavior to continually detect and block attempted activity from spammers and fraudster.

    TPG Telecom Chief Technology Officer Giovanni Chiarelli said: “Our business is built on the trust of our customers. We are committed to embracing new technologies that provide the best possible protection against the nuisance and threat of malicious harm posed by these spammers and scammers. We are pleased Mavenir’s CallShield technology is providing real-time, automated security analysis and effective security for customers across our voice services.”

    Jan Schaar, Asia Pacific Regional Vice President for Mavenir, added: “The speed and sophistication of the techniques being employed by scammers and fraudsters means that a reactive security approach based on purely “reporting” spam is no longer enough. To offer mobile users the assurance and peace of mind they need today, we need to work harder and smarter, and remain one step ahead at all times – continuously learning from and anticipating the scammers’ next move. Our SpamShield platform, with its powerful ML-driven engine, is already delivering state-of-the-art, proactive security and protection across TPG’s messaging services. We are happy to now be extending the solution span by providing our robust CallShield technology – ensuring that TPG’s mobile customers can now enjoy the same superior protection from nuisance and malicious threats that arrive in the form of unwanted voice calls.”

    Notes to editor:

    TPG official Press Release – TPG Telecom stops spams and scams from reaching customers with new call blocker

    CallShield – Mavenir

    SpamShield / Messaging Fraud – Mavenir

    About TPG Telecom

    TPG Telecom is an Australian telecommunications company which is home to some of Australia’s most-loved telecommunications brands including Vodafone, TPG, iiNet, AAPT, Internode, Lebara and felix. As the second largest telecommunications company listed on the ASX, TPG Telecom has a strong challenger spirit and a commitment to delivering the best services and products to its customers. http://www.tpgtelecom.com.au.

    TPG Telecom PR Contact:
    media@tpgtelecom.com.au

    About Mavenir:

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit http://www.mavenir.com

    Mavenir PR Contacts:
    Emmanuela Spiteri
    PR@mavenir.com

    The MIL Network –

  • MIL-OSI: Eviden drives quantum adoption with installation of IQM Spark quantum computer

    Source: GlobeNewswire (MIL-OSI)

    This IQM quantum computer will enable Eviden’s clients to engage in quantum programming and applications.

    Paris, France – October 9, 2024 – Eviden, the Atos Group business leading in advanced computing today announces having signed a partnership with IQM Quantum Computers – a global leader in designing, building, and selling superconducting quantum computers – to make quantum computing a reality across businesses and organizations.

    While performance is key, the stability and fidelity of the qubits have become a crucial element in the near quantum revolution to run accurate operations. To tackle this challenge, IQM Spark™ is a superconducting quantum computer which offers high single-qubit and two-qubit gates fidelity, ensuring reliable and accurate quantum applications.

    Eviden has therefore installed IQM SparkTM, a quantum computer tailored for educational purposes and experimental research, for its customers to learn, experiment, and start developing real-life quantum proofs-of-concept. With this significant milestone in the journey toward quantum adoption, Eviden reaffirms its dedication and commitment to making quantum computing technology more accessible to everyone.

    With complete physical access to this machine installed in Eviden’s flagship factory (Angers, France), the Group’s users and clients will benefit from flexible and immediate experimentation. Remote-as-a-service access through an Eviden private cloud will also be deployed to make this technology broadly accessible.

    Access to a IQM SparkTM will allow research labs, universities, and industry players to better learn and understand quantum computing technology and discover programming approaches, noise models, usage constraints, and more.

    Eviden will also leverage the machine to provide access to the Eviden R&D and internal consulting community, to enhance quantum applications and integration with HPC clusters, and to improve Eviden’s compilers and create new noise-aware compilers.

    Access to the machine will be part of Eviden’s Qaptiva offering, a complete quantum computing application development environment, enriched by consulting services and an ecosystem of software and hardware partners.

    Dr. Cédric Bourrasset, Global Head of HPC-AI and Quantum Computing, Eviden, Atos Group highlighted “Hosting our very first quantum computer is a major step in our quantum computing journey. With this milestone, Eviden now combines quantum emulation and quantum computing processing to offer a tangible solution to enter the world of quantum physics. This comes with great benefits for programming without the high costs and complexities usually inherent to such technologies, therefore making quantum computing more affordable and accessible.”

    Dr. Mikko Välimäki, Co-CEO at IQM Quantum Computers, said: “The installation of IQM Spark, the first fully functional quantum computer at Eviden, adds to the growing network of our systems deployed globally and demonstrates our commitment to accelerate commercial quantum adoption for businesses. We are confident that our system will provide significant value to Eviden’s clients while we look forward to collaborating with other enterprises in their quantum journey.”

    “Through our partnership with Eviden, we are not only providing cutting-edge quantum computing technology but also enabling educational and experimental opportunities for future quantum innovators in France as they develop applications and proofs-of-concept, accelerating the journey toward widespread quantum adoption,” added the Vice President Global Business and Marketing at IQM Quantum Computers, Sylwia Barthel de Weydenthal.

    ***

    About Eviden1

    Eviden is a next-gen technology leader in data-driven, trusted and sustainable digital transformation with a strong portfolio of patented technologies. With worldwide leading positions in advanced computing, security, AI, cloud and digital platforms, it provides deep expertise for all industries in more than 47 countries. Bringing together 47,000 world-class talents, Eviden expands the possibilities of data and technology across the digital continuum, now and for generations to come. Eviden is an Atos Group company with an annual revenue of c. € 5 billion.

    About Atos

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

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

    About IQM Quantum Computers:    

    IQM is a global leader in designing, building, and selling superconducting quantum computers. IQM provides both on-premises full-stack quantum computers and a cloud platform to access its computers anywhere in the world.  

    IQM customers include the leading supercomputing centres, enterprises, and research labs which have full access to IQM’s software and hardware.  IQM has over 280 employees with offices in Espoo, Munich, Paris, Warsaw, Madrid Singapore, and Palo Alto  

    Press contacts

    Atos Group: Constance Arnoux – constance.arnoux@eviden.com – +33 (0)6 44 12 16 35

    IQM: press@meetiqm.com – +358504790845    

    1 Eviden business is operated through the following brands: AppCentrica, ATHEA, Cloudamize, Cloudreach, Cryptovision, DataSentics, Edifixio, Energy4U, Engage ESM, Evidian, Forensik, IDEAL GRP, In Fidem, Ipsotek, Maven Wave, Profit4SF, SEC Consult, Visual BI, Worldgrid, X-Perion. Eviden is a registered trademark.
    Eviden is a registered trademark. © Eviden SAS, 2024.

    Attachments

    The MIL Network –

  • MIL-OSI: Nokia launches new industrial applications to improve worker safety and enhance operational efficiency

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia launches new industrial applications to improve worker safety and enhance operational efficiency

    • Expands the number of Nokia-owned and best-in-class industry applications integrated on the MX Industrial Edge (MXIE) to drive efficiency, productivity and OT security.
    • New applications help to improve worker safety and enable responsive video for machine remote control, leading to higher operational efficiency and strengthening OT environment security.

    9 October 2024
    Espoo, Finland – Nokia today announced six new applications deployed on the Nokia MX Industrial Edge (MXIE) to help enterprises improve worker safety, site security, enhance operational efficiency and secure OT environments in manufacturing, mining, ports, and chemical industries.

    According to Analysys Mason, enterprises worldwide using private LTE and 5G are projected to spend $6 billion by 2030 on industrial applications enabling new use cases and enhancing existing ones. In line with industry developments, Nokia MXIE on-premises edge solution, part of Nokia’s private wireless offering, supports ecosystem neutrality enabling the deployment of applications to help support growing diverse Industry 4.0 use case needs.

    Offered as-a-service, these new applications are Ascom Ofelia, Fogsphere, innovaphone PBX & myApps, Nokia Real-time eXtended Reality Multimedia (RXRM), OneLayer, and Redinent and join our existing portfolio of Nokia, and third-party digitalization applications.

    Improving situational awareness to enhance worker safety and site security
    Worker safety remains a high priority in industrial settings. The new applications enable digitalization to increase situational awareness, better deal with incidents, and increase the use of real-time data and knowledge which are key to improving worker safety and site security. The new applications include the following:

    • Ascom Ofelia – Ascom Ofelia helps enterprises shift from separate alarm systems to one unified alarm solution, improving incident management, increasing situational awareness, and ensuring a safer workplace.
    • Fogsphere® – A comprehensive, multi-modal AI platform to enhance workplace safety, security, and operational intelligence, with real-time solutions for PPE compliance, behavioral analysis, emergency management, access control, intrusion detection and vehicle monitoring.

    Connecting workers to achieve higher efficiency
    Connected worker applications are essential to overcome workforce challenges such as worker shortages, retention issues, and difficulty attracting new talent, which are key to achieving the efficiency and productivity needed to outperform the competition. Applications can give workers real-time information to make their jobs easier and machine tele-operation more efficient. New items include the following:

    • innovaphone PBX & myApps – Secure, scalable IP telephone system with
      built-in features like conferencing, voicemail and waiting queues for advanced business communication and smart business applications. Its on-premise MXIE solution ensures full data control and meets ISO27001 standards.
    • Real-time eXtended Reality Multimedia (RXRM) – Software solution with low latency 360° video and 3D OZO audio capture that helps to improve productivity, employee safety, teleoperations, situational awareness & remote technical support.

    Securing OT assets to strengthen the overall security
    Asset visibility, zero trust principles and effective vulnerability management in OT environments will be enabled by the new applications including:

    • OneLayer – Discovers, manages, secures, and classifies all IIoT assets on private networks, including those behind cellular routers. Acting as a zero-trust access broker, it enforces zero-trust security principles within OT environments while delivering zero-touch asset management and operational intelligence.
    • Redinent – Discovers IIoT assets and helps create inventory, identifies IIoT vulnerabilities and ongoing threats. It informs the security operation center (SOC) about the findings.

    Stephan Litjens, VP, CNS Enterprise Campus Edge Solutions at Nokia, said: “Keeping workers safe and connected is paramount for enterprises. With the expanded Nokia Industrial Application Catalog we are providing a rich choice to help industries improve important Industry 4.0 use cases such as increasing situational awareness for streamlined decision making in both day-to-day and emergency situations, more efficient operations with machine remote control and many more.”

    Resources and additional information
    Video: MX Industrial Edge (MXIE)
    Webpage: Worker safety | Nokia DAC
    Webpage: Connected workers | Nokia DAC
    Webpage: Nokia industrial application portfolio

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

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI: Nokia strengthens situational awareness and worker safety in industrial environments with expanded device portfolio 

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia strengthens situational awareness and worker safety in industrial environments with expanded device portfolio 

    • New field routers increase the data transfer capacity using Nokia MX Boost.
    • EX-protected tablet and a new EX-protected 5G PTT handheld by i.safe MOBILE keep connected workers safe in hazardous industries, such as oil and gas.  

    9 October 2024
    Espoo, Finland – Nokia today announced new industrial devices to help enterprises increase worker safety, productivity and situational awareness in industrial environments. The new devices include new field routers and new EX-protected device types/formfactors.

    Part of the Nokia comprehensive industrial device portfolio, these new ruggedized devices enable enterprises to develop additional Industry 4.0 use cases and improve worker safety while operating in potentially dangerous or high-security industrial environments such as mines, ports, chemical and oil and gas facilities.

    This portfolio extension is part of Nokia’s drive to help industries simplify and accelerate digital transformation by offering a unified platform that includes edge computing, applications and business-critical connectivity. These additions to the Nokia device portfolio complement the existing EX and high IP protection devices which feature handhelds, dongles and field routers that help connect people, machines, and sensors.

    New-generation field routers increase data transfer capacity
    With advanced technical capabilities, these new indoor and outdoor routers boost device capacity and bandwidth for data-intensive applications, connecting machines, vehicles, and sensors. The standout feature, the in-built Nokia MX Boost, maximizes performance and reliability by concurrently leveraging 4.9G/LTE, 5G, and Wi-Fi 6, meeting the demands of high-capacity Industry 4.0 use cases.

    EX-protected devices help keep workers connected
    Workers need rigorously certified equipment in hazardous environments where combustible dust, flammable liquids, gases and electricity can increase the risk of explosions. As part of the Nokia one platform for industrial digitalization, Nokia now offers additional EX-protected devices, including a 5G tablet and PTT handheld from world-renowned i.safe MOBILE.

    The 5G Android tablet, designed for data communication in hazardous environments integrates with LTE/4.9G,5G networks and Wi-Fi 6, features a replaceable battery and programmable buttons for custom applications. The 5G PTT handheld device ensures mission-critical push-to-talk over cellular communication via public or campus networks (4.9G/LTE, 5G or Wi-Fi).

    Nokia and the enterprise
    Nokia Industrial device management and Nokia Network Digital Twin support all the new devices announced, enabling enterprises to administer devices easily and efficiently while providing real-time network insights to predict maintenance needs and reduce downtime.

    Nokia has deployed mission-critical networks to more than 2,600 leading enterprise customers in an array of industrial sectors and has extended its expertise to more than 760 private wireless customers worldwide. These customers will benefit from having easy access to equipment and applications needed in their infrastructure for existing and new Industry 4.0 use cases.

    Stephan Litjens, VP, CNS Enterprise Campus Edge Solutions at Nokia, said: “Our new ruggedized industrial devices contribute to improving worker safety and increase situational awareness. By leveraging our latest applications, enterprises can implement Industry 4.0 use cases more effectively. Nokia MX Boost, Network Digital Twin, Industrial device management, and other applications like Visual Position and Object Detection, as well as Team Comms, add value to our customers beyond connectivity and edge compute capabilities in Nokia one platform for industrial digitalization.”

    From 14 to 18 October, Nokia will be in Dubai at GITEX GLOBAL in booth H21-C20. Visit Nokia to learn more about these innovations and how Nokia one platform for industrial digitalization can enhance operations and accelerate transformation.

    Resources and additional information
    Webpage: Nokia Industrial devices | Nokia DAC
    Webpage: Media library

    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.

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

    Follow us on social media
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  • MIL-OSI: Quadient Receives ‘AA’ MSCI ESG Rating, Recognizing Longstanding Commitment to Sustainability and Corporate Social Responsibility

    Source: GlobeNewswire (MIL-OSI)

    Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, today announced it has been awarded an ‘AA’ rating in the MSCI ESG Ratings of September 2024. For the ninth consecutive year, MSCI has placed Quadient in the Leaders category, recognizing its strong performance among global peers and its dedication to sustainability, a reflection of the company’s consistent efforts in managing environmental, social and governance (ESG) risks and opportunities.

    MSCI ESG Ratings measure companies’ management of certain ESG risks and opportunities. MSCI uses a rules-based methodology to evaluate over 8,500 companies according to their exposure to ESG risks and how well they manage it relative to peers. Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC). Quadient’s ninth ‘AA’ rating underscores its sustained success in key areas such as corporate governance and talent development, confirming its commitment to ethical business practices and sustainable growth.

    “We are proud to receive the ‘AA’ MSCI ESG rating for the ninth consecutive year, a clear testament to the continuous dedication of our company in driving forward a sustainable strategy. At Quadient, ESG is deeply embedded in our corporate identity and plays a pivotal role in our vision for sustainable business growth,” said Brandon Batt, chief people and transformation officer at Quadient. “This recognition acknowledges our continued efforts in creating a positive workplace and impact through strong governance, ethical business practices and by fostering a supportive and inclusive culture. It also encourages us to keep pushing the boundaries to further enhance our positive impact on society and the environment.”

    In the report, the company was praised for its robust governance practices, including a strong board and ownership structure, aligned with shareholder interests, together with business ethics and integrity. Corporate social responsibility is embedded in Quadient’s business strategy, as demonstrated by its success in securing this rating for nearly a decade. The company’s ESG vision for 2030 is to guide its long-term sustainable growth with ambitious targets. This includes positioning Quadient to achieve net-zero emissions by 2050, becoming a leading employer of choice and enhancing its customers’ experiences through sustainable and innovative solutions.

    Quadient’s continued leadership in sustainability is reflected across several ESG recognitions. Recently, Quadient earned EcoVadis’ gold medal, placing in the top 1% of companies of its industry. Learn more about Quadient’s sustainability journey and future goals at: https://invest.quadient.com/en/corporate-social-responsibility.

    About Quadient
    Quadient is a global automation platform powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing. For more information about Quadient, visit http://www.quadient.com. 

    Contacts

    Joe Scolaro, Quadient            Sandy Armstrong, Sterling Kilgore
    Global Press Relations Manager   VP of Media & Communications
    +1 203-301-3673   +1-630-699-8979
    j.scolaro@quadient.com     sarmstrong@sterlingkilgore.com

    Attachments

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  • MIL-OSI: FLYR and Riyadh Air Partner to Deliver the World’s First Digitally-Native Airline, Utilizing Offer and Order Technology

    Source: GlobeNewswire (MIL-OSI)

    Together, Riyadh Air and FLYR are transforming the passenger experience with shopping cart capabilities for passengers at every touch point

    Riyadh Air’s digital guest journey will be revealed at Future Investment Initiative Institute in Riyadh at the end of October

    SAN FRANCISCO and RIYADH, Saudi Arabia, Oct. 09, 2024 (GLOBE NEWSWIRE) — FLYR, the technology company that unlocks freedom to innovate for the travel industry, and Riyadh Air, one of the most forward-thinking airlines globally, today announced a strategic partnership that will shape the future of passenger travel. Through this partnership Riyadh Air will become the first full service carrier to operate on a fully native offer and order based technology to deliver a modern retailing platform and experience to its customers. Both FLYR and Riyadh Air have adopted the International Air Transport Association’s (IATA) guiding business architecture principles for IT in modern airline retailing.

    Comments on the news:

    Tony Douglas, CEO of Riyadh Air, said: “At Riyadh Air, innovation is at the core of everything we do. We are not just launching an airline; we are launching a new era of air travel. Our partnership with FLYR empowers us to harness the latest technologies to deliver a truly personalized and seamless travel experience, exceeding expectations at every step of the journey and offering our guests a virtually unlimited range of options at every touchpoint.”

    Alex Mans, Founder and CEO of FLYR, said: “Backed by the hopes, dreams, and financial might of a nation that is 92 percent urban and just 29 years of age on average, Riyadh Air embodies the future. Our partnership represents a significant step forward for the airline industry, proving that airlines can indeed say goodbye to the legacy PSS and welcome the future of retailing with Offer and Order. Together, we will set a new standard and demonstrate how a more responsive, personalized, and end-to-end travel experience is possible while simultaneously remaining compatible with technologies of the past.”

    An integral part of this step forward in airline retailing is how FLYR’s technology directly enables Riyadh Air to craft the digital retail experience today’s travelers have come to expect from most other industries. By easily introducing key capabilities such as shopping cart-like experiences, customers can book and change plans seamlessly, accessing everything they need for their trip in one location – from Riyadh Air flights and ancillaries, to third-party integrations including hotels and activities. FLYR provides the foundation for Riyadh Air to deliver these experiences in the form of several key technology solutions:

    • Offer Management capabilities, often referred to as “making the customer promise”, are delivered through Product Catalog, Stock Keeper, and Offer Translator enable Riyadh Air to deliver personalized offers to its customers across all touch points. Powered by artificial intelligence (AI), Riyadh Air is able to introduce and distribute new products in real-time, while delivering tailored options for all customers across every touchpoint.
    • Order Management capabilities built upon IATA’s open ONE Order standard, will enable Riyadh Air to have order as the “single source of truth” for all downstream systems and processes. Riyadh Air is able to unify the entire customer journey including air and non-air products including airfare, seat selection, baggage, ancillaries, and third party products – into a single order. FLYR’s implementation of ONE Order supports all products the airline chooses to sell, including those from third parties, to be stored and managed centrally.
    • Digital Customer Experience capabilities orchestrate modern booking flows and integrate various systems involved with the retailing flow, visibly positioning Riyadh Air as the world’s first truly digitally native airline by offering exceptional and seamless travel experiences from booking to landing.

    Riyadh Air is shaping the future of flying, ushering in a new era for the travel and flying experience. The world-class, full-service airline is committed to sustainability and the highest safety standards across its advanced fleet of aircraft. Collaborating closely with airline partners such as Delta Air Lines, Singapore Airlines, and more, Riyadh Air will offer a seamless, globally connected travel experience unlike any other. Riyadh Air and FLYR will reveal the comprehensive digital guest journey at the Future Investment Initiative (FII), the flagship investment conference in Riyadh, at the end of October.

    About FLYR
    FLYR is a technology company that unlocks freedom to innovate for the travel industry – eliminating legacy constraints to enable real-time decision making and create the experiences travelers seek. Cloud native, FLYR leverages technologies including deep learning, an advanced form of AI. FLYR is helping airlines and hospitality businesses around the globe improve revenue performance, reduce cost, and modernize their e-commerce experience. Learn more at http://www.flyr.com.

    About Riyadh Air
    Riyadh Air, a PIF company, is a world-class airline. Launched in March 2023, the airline will be a digitally led, full-service airline that adopts the best global sustainability and safety practices across its advanced fleet of aircraft. Riyadh Air will equip its aircraft with the most advanced, state-of-the-art features with innovative, best-in-class cabin interiors and experiences, including next generation digital in-flight entertainment systems and connectivity solutions. Riyadh Air will connect guests to over 100 destinations around the world by 2030 through offering an exceptional guest experience with an authentic, warm Saudi hospitality at its heart. Website: http://www.riyadhair.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/37141509-0fe2-4527-8863-7a52d06dcff6

    The MIL Network –

  • MIL-OSI: UAB “Atsinaujinančios energetikos investicijos” publishes its NAV for September 2024

    Source: GlobeNewswire (MIL-OSI)

    At the end of September 2024, the net asset value (NAV) of UAB “Atsinaujinančios energetikos investicijos” including success fee-accrual decreased to EUR 110,652,666 compared to the previously determined NAV at the end of June 2024 which amounted to EUR 112,755,226.

    The share price including success fee-accrual decreased to EUR 1.8865 compared to the previously determined share price which at the end of June 2024, amounted to EUR 1.9223. The pro-forma internal rate of return (IRR) since inception including success fee-accrual decreased to 6.73% compared to the previously announced IRR of June 2024, which amounted to 8.12%.

    At the end of September 2024, the NAV excluding success fee accrual decreased to EUR 110,652,656 compared to the previously determined NAV at the end of June 2024, which amounted to EUR 112,836,039. The share price excluding the success fee accrual decreased to EUR 1.8865 compared to the previously determined share price which at the end of June 2024, which amounted to EUR 1.9237. The IRR excluding the success fee accrual decreased to 6.73 % compared to the previously announced IRR of June 2024, which amounted to 8.15%

    Contact person for further information:

    Grėtė Bukauskaitė

    Manager of the Investment Company

    grete.bukauskaite@lordslb.lt

    http://www.lordslb.lt/AEI_green_bonds

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